Golden Share Mining Rallies on License Agreement with Battle Memorial Institute

Golden Share Mining Rallies on License Agreement with Battle Memorial Institute

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, October 18, 2016

Gold prices have edged higher in trading today on the back of a weaker U.S. dollar. However, analysts believe that the upside in gold will be limited mainly due to the fact that the Federal Reserve is likely to hike benchmark interest rates at its meeting in December. A rate hike is seen as a negative for gold since the opportunity cost to hold the precious metal increases. Having said that, the downside in gold is likely to be limited from current levels as well. This is because lower prices will boost physical demand for the precious metal. Remember that demand for gold had been subdued at the start of this year when prices took off. Also, miners’ margins will remain robust as they have made substantial adjustments during the low-price environment over the last two years.


Higher gold prices have pushed shares of Golden Share Mining Corp. (TSX-Venture:GSH) up sharply in trading today. Based in Toronto, Ontario, Golden Share Mining is a Canadian junior mining company focusing on the exploration in the province of Ontario.

GSH shares are gaining momentum in trading today after the company announced that it has entered into a license agreement with Battelle Memorial Institute, which operates the Pacific Northwest National Laboratory ("PNNL") for the U.S. Department of Energy.

Golden Share has been granted a nonexclusive commercial license to produce, use and sell the Vanadium Electrolytes developed by PNNL. The licensed vanadium electrolytes have advantages over previous generations, including a wider temperature-operating range and higher energy density.

The company noted that it is excited about the opportunity of linking this advanced technology with its current right to market high purity vanadium through its arrangements with Northwest Mining & Exploration Group of China ("NWME"), thus enabling the production of value added vanadium electrolytes. According to Golden Share, recent developments have highlighted Vanadium based Flow Batteries as a safe and efficient type of battery technology solution available for utility scale energy storage applications. The company noted that the cost of vanadium electrolytes represents a significant portion of the total cost of Vanadium Redox Flow Batteries. Golden Share intends to become the preferred supplier of Vanadium Electrolytes as well as contribute to reducing the cost of Vanadium Redox Flow Batteries.

At last check, GSH shares were trading 13.33% higher at $0.340 on volume of 44,500, which is nearly 3x the daily average volume of 15,649. Shares are also trading near 52 week highs as the stock enjoys a strong up trend since April.

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