Junior Miner Soars After Closing Acquisition Option Agreement

A Vancouver-based junior miner turned some heads on Tuesday after it was announced that the company closed an arm’s length property option agreement to acquire a 100% interest in the “Elko Lithium Project” in Elko County, Nevada. According to the release, this project consists of 79 claims consisting of approximately 1200 contiguous acres directly bordering Surge Battery Metals’ “Nevada North Lithium Project.”

This caused traders to be a little heavy on the buy side for shares of Sienna Resources Inc. (TSXV:SIE) (OTCPK:SNNAF) as shares trading on the Canadian side shot up to $0.045/share (+12.50%). Shares trading OTC climbed up to $0.0343/share (+22.72%) at the session high.

Sienna Resources Inc is an exploration-stage company. It is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. The projects of the company are Clayton Valley, Kuusamo project and others. The company operates in one business segment, being the Acquisition and exploration of mineral properties. It has a business presence in Canada, Finland, the US and other regions.

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