This financing from a little-known mineral explorer jumped 183 percent in just five months

Core Assets Corp. (TSX-V: CC)

• Type of financing: Non-brokered
• Gross proceeds: $1.60 million
• Number of units: 6.66 million
• Price per unit: $0.24
• Closing date: 01/21/2022
• Today's closing price (June 1): $0.68
• Deal appreciation: 183%
• Warrants: Full    
• Strike Price: $0.39
• Expiry date: 01/21/24

Company breakdown:

• Mineral exploration junior focused on its Blue Property in the Atlin mining district of BC
• Low trade volume, currently at just 3,000
• Shares and trade volume began to spike following the private placement, after which the company announced a couple of copper and silver samples from its flagship propject
• Released drill results from Blue in March, with 2.5 metres of 12.41 grams of silver per tonne
• Recently began a 5,000-metre drill program at Blue