Exploration Stocks Grab Headlines as Investors Seek Opportunities in Mining Sector: STGO.T, RGXTF, AMYZF, HNRC

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In recent days there have been a number of companies that have come into the news cycle for a variety of reasons. Here is a quick look at four of the stocks which may well be worth tracking at this point.

Steppe Gold Limited (TSX:STGO) (OTCQX:STPGF) – stock was in the limelight as it went up about 4% on above-average volume on the Canadian exchange. On July 17 the company provided an operations update following the end of the second quarter. Here is a look at some of the highlights from the updates. The Phase 2 expansion financing was announced and the first fund was going to be made available in July.

The drilling and exploration programs being undertaken at ATO were going to focus on additional oxide zones. The company was also working on advancing the plans for further licenses in Mongolia. In the second quarter, Steppe Gold Limited produced 6663 ounces of gold and provided projections for the production of 25,000 to 30,000 ounces of gold for the full year.

Houston Natural Resources Corp (OTC:HNRC) – The company announced on July 11 that it had completed the 100% acquisition of Cunningham Energy LLC. The transaction boosted the net asset value of Houston Natural Resources Corp to $3.35 a share. Previously the company had announced that it had picked up a 9.9% stake in Cunningham Energy.

Following the acquisition, Ryan Cunningham would continue to head Cunningham Energy. The company completed the transaction through the issuance of common and preferred stock. Eventually, Houston Natural Resources Corp seeks to change its name to Cunningham Natural Resources Corp.

RegenX Tech Corp (OTCQB:RGXTF) (TSX.V: RGX) – Last week, the company announced the appointment of Paul J Rozek Professional Corporation, Chartered Professional Accountant as its auditor. The appointment went into effect on July 10, 2023.

KR Margetson LTD, the company’s former editor, resigned at the request of RegenX Tech Corp on July 10, 2023. The recommendation for the change of auditor had been made to the Board of Directors by the Audit Committee. It was noted that there were no reservations in the reports by the former auditor.

RecycLiCo Battery Materials Inc (TSX: AMY.V) (OTCQB:AMYZF) – The company came into focus on July 12 after it announced that the TSX Venture Exchange had provided it with the acceptance regarding the joint venture agreement with Zenith Chemical Corporation.

As per the agreement, RecycLiCo Battery Materials Inc and Zenith would go into a 50-50 venture to build a lithium-ion battery recycling plant in Taiwan with a capacity of 2000 metric tons a year.