Two mining juniors debut on the TSX in September

Toronto’s venture exchange market the TSXV welcomed two mining companies to its ranks last month, in the shape of Ecuador-focused Luminex Resources and British Columbia gold explorer Vizsla Resources Corp.

Luminex listed in early September after it was formed one month prior as a spin-out of Lumina Gold, a Vancouver-based gold and copper explorer that is also listed on the TSXV.

Speaking after the strategic reorganisation of the business, Lumina’s president and CEO Marshall Koval said the move would help illuminate strategic regional concessions and partnerships and support the firm’s medium-term goal of monetising its most advanced assets.

Luminex has seen its share price range from C$0.51-1.05, last trading at $0.81 to capitalise it around $33 million. Vizsla started trading on September 21 after an $800,000 IPO and last traded at $0.15, valuing the company at over $1.6 million.

Vizsla has started exploration it its core asset, the Kathleen Mountain copper-gold project located 50 km Northeast of the city of Princeton, British Columbia.

The TSXV has seen an 80% increase in the number of new issuers so far this year, compared with 2017. The exchange said that cannabis, battery metals and blockchain technologies were emerging investor themes on the TSXV in the first half of the year.

@RGNonline