These 3 Things Caught Our Eye Yesterday

Author

Wingman
February 02, 2024

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

If ever compensated for an article, it will be mentioned here.

We just mentioned Fireweed Metals this week because they were one of the companies that were hit in the crossfire as ETFs changed hands, leaving them at a remarkable price (in our opinion).

And this is Brandon 👇, their CEO.

Arguably one of the best when it comes to keeping his investors informed and in constant communication. Here he is referring to the Tom South zone mentioned in yesterday’s press release as 'likely the most important thing since the initial discovery.'

After a tough week, the market may be a little gun-shy. It closed at C$1.05 ⬆️ 0.01 (1%).

Now, while Brandon is great at communicating, Stefan Gleason is quite impressive in his commitment to Electric Royalties. Just go take a glimpse at their SEDI filings.

This is just one snippet. You have to scroll to see just how frequently he buys; now, it looks like he has a total of 8,578,879 shares.

"With important developments recently announced in connection with several of the Company's larger royalties, especially Battery Hill, Seymour Lake, and Mont Sorcier, I am pleased to place bids in the market to make additional share purchases and bolster further my overall investment in the Company," said Gleason.

"Meanwhile," he continued, "the million-acre package of prospective lithium properties under the recent LOI potentially creates both near-term cash flow from scheduled option payments and a large number of new royalties, adding even more sizzle to the Company's royalty portfolio."

While looking at this news, we noticed that Globex Mining actually sold some of their shares. They own quite a bit, having sold not only their Middle Tennessee zinc royalty to $ELEC but also other assets.

Interesting, because Jack Stoch from $GMX is rather bullish, and I think he is still interested in having exposure to some of the assets they sold, $ELEC.

Not a significant amount in the grand scheme of things, but I wonder what Jack is up to.

Ewan Webster, President and CEO, commented “The 2023 drilling results at Thesis II and Thesis III represent yet another step towards unlocking the full potential of the Ranch Project. Our targeted strategy for the 2023 program focused on furthering our understanding of the high-grade, near-surface potential at Ranch as we progress towards a maiden resource estimate. We view this as a stepping stone in our ongoing efforts to extend the mineralization at Ranch. Todays notable step-out headline hole of 60.00 m at 4.53 g/t Au strongly suggests that there is still much to be discovered.”

This is interesting. What are your thoughts if I were to tell you the market cap of this company is ~C$83M? Maybe worth looking into?

Yesterday it closed at C$0.475 ⬆️ 0.025 (5.6%).

Subscribe to stay in the loop and never miss what captures our attention!

Reply

or to participate.