Lithium Corporation (LTUM) in orbit, stocks soar on sampling discovery
Posted on: April 28th, 2011Written by:
Lithium Corporation (OTCBB: LTUM) saw its stock skyrocket 347.8% to $1.03 Thursday, on the release of results from the first phase of sampling of its spring program at Fish Lake Valley, Nevada. Volume for the stock was nearly 12 million shares.
Near-surface brine sampling on its Fish Lake Valley prospect has discovered lithium-enriched brines with results of up to 140 milligrams per liter (mg/L). In addition to these strongly anomalous lithium values, boron is also enriched with values up to 2500 mg/L., and potassium is also elevated, with results up to 7200 mg/L.
The highest values appear to be confined to an area approximately one-half-mile square that is within a larger zone of moderate to highly anomalous lithium and boron, which is 1 ½ miles long by one mile wide.
Lithium Corporation’s president Tom Lewis remarked, “I am tremendously pleased by these results, and I am eagerly looking forward to drilling in this area when access conditions improve later this year.”
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources within the state of Nevada. The Company explores and develops potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.
Terrace Ventures Inc. (TVER) shares spike on Nevada property purchase
Posted on: April 28th, 2011Written by:
Terrace Ventures Inc. (OTCBB: TVER) galloped ahead in price 66.7% to seven cents Thursday, a day after agreeing to purchase up to 75% interest in the Golden Snow Property in Eureka County, Nevada from Pengram Corporation. Volume in the stock was nearly 22,000 shares, more than ten times a normal daily average.
Under the terms of the Earn-In Agreement, the Company will earn up to a 75% interest in the Underlying Agreement by paying to Pengram up to $175,000 and expending up to $1,750,000 to do exploration work on the Golden Snow Property, located in Eureka County, Nevada and is situated near several existing gold mines.
Eight miles north of the Golden Snow Project is the East Archimedes Gold Mine where Barrick Gold Corporation is currently mining a Carlin-type sediment hosted gold deposit (677,000 ounces mined, 1.1 million ounces resource/reserve).
Management from Terrace did not offer comment on the purchase. Terrace Ventures Inc. is headquartered out of Blaine, Washington.
Magnolia Solar Corp. (MGLT) soars on news of government contract
Posted on: April 27th, 2011Written by:
Magnolia Solar Corp. (OTCBB: MGLT) raced higher in price by 93.4% Wednesday to 35 cents, after the Company revealed that it will be a key partner in the U.S. Photovoltaic Manufacturing Consortium (PVMC), a major new initiative that will be funded from a $57.5-million grant by the U.S. Department of Energy. Volume for the stock topped 26,000 shares, in contrast to a typical daily average around 1,500 shares.
The consortium will be located at the College of Nanoscale Science and Engineering (CNSE) at the University at Albany, New York, and will greatly enhance Magnolia Solar’s work developing and commercializing revolutionary new thin film solar cell technologies.
Dr. Ashok K. Sood, President and CEO of Magnolia Solar, commented, “We are so pleased to be part of this important PVMC team led by the College of Nanoscale Science and Engineering, and are committed to growing in New York’s Capital Region. We are leveraging the world-class technological and intellectual infrastructure at CNSE’s Albany NanoTech Complex for our product development.
“We believe,” Dr. Sood continued, “ that the PVMC Program will accelerate the development of high-efficiency thin-film solar cells. Photovoltaic technology is the only truly scalable renewable energy technology. Our close collaborations with CNSE, our excellent relations with NYSERDA, and ongoing work with nearby universities allow us to capitalize on our innovations and help us expand our business.”
The consortium is designed to develop new photovoltaic manufacturing technologies, streamline their introduction into the global marketplace, and help the United States gain a greater market share of this growing industry.
Imagine Media Ltd. (IMLE) shares skyrocket after buying anti-DUI tech company
Posted on: April 27th, 2011Written by:
Imagine Media Ltd. (OTCBB: IMLE), a Delaware corporation, climbed 35 cents, or 140%, Wednesday morning to 60 cents, after announcing that it has signed a non-binding Letter of Intent (“LOI”) to acquire TransBioTec Corporation. Volume for the stock was 86,000 shares by noon ET.
TransBioTec, with headquarters in Seal Beach, California, has developed and patented, a high technology, state-of-the-art transdermal sensor, that detects blood alcohol levels through a person’s skin. Ethanol is produced as alcohol is ingested and metabolized in the body. The system senses ethanol excreted through a person’s sweat.
A person places their finger on the sensor, and within five to eight seconds, the sensor will detect the ethanol level. A signal can then be sent to output devices that control the ignition in a vehicle to prevent it from starting.
The TransBioTec system touted as unobtrusive, accurate, reliable, durable, low-cost, easier to use, and faster than the current breathalyzer applications.
Imagine President Greg Bloom, commented, “We are extremely excited about the possibility of acquiring TBT, and bringing its significant opportunities to our shareholders, as well as helping to introduce this innovative technology that will save countless lives.”
Charles Bennington, Cheif Executive Officer of TBT also commented, “We are truly excited to be able to deliver a first-to-market technology that many companies have been attempting to design to address the growing drunk driving issues that claim so many lives and cause so much property damage every year.”
Techs Loanstar, Inc. (TCLN) shares skyrocket on potential acquisition of health-care company
Posted on: April 25th, 2011Written by:
Techs Loanstar, Inc. (Pink Sheets: TCLN) leapfrogged in price Monday by 145.5% to 27-100ths of a cent, after announcing new acquisition plans. Volume for the stock totaled 10.4 million shares.
The company, located out of West Palm Beach, Florida, said it was buying Q’uture Inc, also Florida based, primarily focuses on developing standards in measurement of clinical performance. The parties have executed a non-binding Letter of Intent (LOI) and are moving toward the signing of a definitive agreement over the next 60 days.
Pursuant to the terms of the LOI, Techs would acquire 100% of the outstanding common stock of Q’uture. The Company will continue to trade under the stock ticker TCLN, with Q’uture becoming a wholly-owned subsidiary of the parent company.
Commenting on the potential merger/exchange, Q-uture CEO Landon Feazell said, “As we build the corporation that we believe can become the international standard in measuring performance in healthcare, Q’uture is committed to working in front of the curtain for public accountability and transparency in both its finances and operations.”
Landon concluded, “Future plans include accessing the capital markets as well as strategic acquisitions.” Techs Loanstar management was not available for comment.
Q’uture’s mission statement is to become the Gold Standard in Health Care Performance Measurement. Q’uture provides healthcare organizations, insurers, government payers, and other stakeholders in the healthcare community with performance measurement tools and data sets.
Techs Loanstar, Inc. was initially organized to provide loan management service and software for the equity and payday loan industry.
East Coast Diversified Corporation (ECDC) stocks climb on new shipment
Posted on: April 25th, 2011Written by:
East Coast Diversified Corporation (OTCBB: ECDC) gained 51.5% in price Monday to five cents, after its subsidiary, EarthSearch Communications, Inc., announced that it has delivered on purchase orders from its Tanzania partner for additional oil tanker monitoring solution. Volume for the stock Monday was 3.2 million shares, trampling over a daily average of less than 140,000.
According to East Coast CEO Kayode Aladesuyi, “The purchase order more than any, validates that the solution is making a difference to… customers’ business operation and that we are delivering desired application to our partners and customers.”
EarthSearch Communications, an ECDC Company, is a U.S.-based business whose flagship product, LogiBoxx, integrates GPS and RFID at the hardware level. The parent company is headquartered in Atlanta.
