On A Winning Streak In The Midst Of Trade Wars: Saville Drills High-Grade Niobium In Quebec
“Widest High-Grade Niobium Intercept to Date with 0.70% Nb2O5 over 38.3 m“
After many years of going into hibernation, rare earth stocks are awakening, trading heavily amid concerns that China is on the verge of blocking exports of REEs (Rare Earth Elements) to the United States. This would be an effective retaliation as China controls more than 90% of global REE supply and the US is completely dependent on such strategic metals for its economic and national security.
With a trade war now clearly on the horizon, prices of REEs and other critical metals are poised to escalate – a perfect storm for those (few) junior mining companies having survived the last bear market and continue to actively advance its projects on the North American continent.
Commerce Resources Corp. (TSX.V: CCE) almost doubled in price last month and traded more than 5.8 millions shares alone in Canada last week. With a current market capitalization of $25 million CAD, the company intends to advance its Ashram REE Project in Québec towards becoming the next major REE mine in North America.
Commerce Resources‘ option partner for the adjoining Niobium Claim Group Property, Saville Resources Corp. (TSX.V: SRE), traded more than 3.6 million shares last week. With a current market capitalization of $2.5 million CAD, Saville aims to create significant shareholder value with the discovery and delineation of a high-grade niobium deposit while simultaneously benefitting from the development of the adjacent Ashram REE Project. Advancing the prospect of two separate mining projects in proximity should benefit both companies as synergies kick in.
As Saville today announced the first round of drill results, confirming a high-grade discovery, the company could be on a winning streak.
Commerce Resources is engaged in the business of acquiring, exploring, developing and evaluating mineral resource properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. is in the exploration stage and has interests in properties located in British Columbia and Quebec, Canada. The recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable reserves, continuation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain financing to complete their development, and future profitable production or disposition thereof.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.