In this week’s Rockets and Tanks, there was a lot of movement among the junior exploration sector on Friday, including Sunrise Energy Metals (ASX:SRL), which saw a 44.26% increase in its share price.
Sunrise Energy Metals, whose share price was trading at $0.440, is a global supplier of metals for a decarbonising planet.
The company owns the Syerston Scandium Project which comprises multiple zones of scandium mineralisation that are hosted within the larger nickel-cobalt resource of the Sunrise Battery Materials Project.
Meanwhile, Tasman Resources (ASX:TAS) saw a 33.33% increase in its share price to $0.004. Tasman is a diversified mineral explorer focused on precious and base metals including gold, silver, copper, zinc, lead, nickel and uranium.
Andromeda Metals’ (ASX:ADN) share price increased 28.57% to $0.009, on the back of no announcements. On 31 March, the $24 million market capitalisation company entered into exclusive negotiations for debt project financing with a limit up to $75 million, after completing a phase of detailed due diligence for the stage 1A+ development of the Great White Project.
Far Northern Resources (ASX:FNR) also saw its share price jump 27.2% to $0.140. This comes after Far Northern announced a drilling program beginning at its Bridge Creek Project in the Northern Territory. The drilling program is designed to extend the known resource to the north and south of the current resource.
Bridge Creek has a current inferred resource of 1.97 million tonnes @ 1.12 grams per tonne gold for 70,560 ounces of gold.
Mount Burgess Mining’s (ASX:MTB) share price decreased 20% to $0.004 on the back of no news. Mount Burgess Mining is a diversified mineral explorer focused on zinc, lead, silver, germanium, and vanadium. The company is currently developing the Kihabe Project in Botswana.
Meanwhile, three mining companies’ share price dipped 16.66% on Friday. Lithium Universe (ASX:LU7) and EV Resources (ASX:EVR) both saw their share prices dip 16.66% to $0.005.
On 9 April, EV Resources announced the sale of its La Cienega Project in Arizona to Magnum Mining and Exploration (ASX:MGU), while Lithium Universe has not released any news regarding its assets since February 2025.
European Metals Holdings (ASX:EMH) is a mineral explorer and developer focused on its hard rock lithium project in Europe.
Write to Aaliyah Rogan at Mining.com.au
Images: Unsplash
