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by Will Purcell
The critical and specialty minerals stocks box score on Friday was an upbeat 101-68-141 as the TSX Venture Exchange rose four points to 915. Skyharbour Resources Ltd. (SYH), a self-proclaimed "pre-eminent uranium explorer and prospect generator" in Northern Saskatchewan, was among the busier traders today. It added one-half cent to 41 cents on 1.16 million shares.
Don Sheldon's Go Metals Corp. (GOCO), untraded since it closed at eight cents a week ago, says that an option agreement it arranged with Scott Sheldon's Flow Metals Corp. (FWM) covering the Monster project in Yukon has been terminated by mutual agreement. The two Sheldons -- Don is the father, Scott the son -- agreed to the deal in mid-February. They now say that "their respective continuing reviews of strategic priorities and opportunities" convinced them that the option agreement should not proceed.
Negotiations were presumably easy: Don Sheldon is chairman of both companies, and his son is chief executive officer of both. The biggest challenge for the younger Sheldon was probably penning the promotional puffery applauding the moves from both perspectives, both times. He succeeded -- spinning the deal as allowing Go Metals "to sharpen its focus" on its Quebec prospects and, while wearing his Flow Metals hat, Mr. Sheldon touted the Monster option as "a pivotal step in building a premier exploration portfolio." Both spiels are presumably still appropriate -- just the other way around this time. Flow Metals lost two cents to eight cents on 3,000 shares today.
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