Top Picks Soar, Key Resource Updates, and CEO Investment in Lender
In this edition, we analyze the performance of our top picks, including a PGM-lithium junior, whose shares rose 44% last week. We also highlight key updates from other resource companies under coverage, including an updated resource estimate from a copper-gold junior in B.C., promising near-term production potential for a gold-copper project in Mexico, and others. Plus, learn why a CEO’s personal investment in an alternative real estate lender signals a deep belief in the company’s prospects.
Highlights
- Gain insights into companies under coverage that experienced significant developments last week, along with our analysts’ commentary and actionable takeaways.
- FRC top picks and standout performers from the past week
Canadian Critical Minerals Inc. (CCMI.V)
PR Title: Increases indicated copper resources by 11%, and gold resources by 17%, at the Bull River Mine in B.C.
Analyst Opinion: Positive – Resources increased 13% to 185 Mlbs CuEq. CCMI is in the process of applying for a tailings disposal permit, which would allow it to commence underground operations. Management plans to complete the permit application within six months, and expects approval by the end of 2025.
Mammoth Resources Corp. (MMMRF, MTH.V)
PR Title: Exploring small-scale gold-silver production at its Tenoriba project, Mexico
Analyst Opinion: Positive – MTH is exploring production opportunities after learning that a privately owned 200 tpd flotation mill is under construction, within 16 km of its Tenoriba project. MTH is in discussions with the mill’s owner, and working with an environmental consultant to pursue extraction permits. The company is considering two options: custom milling at this facility or building a small pilot heap leach operation, with custom milling being the faster and more cost-effective route. Tenoriba is prospective for a high-sulfidation epithermal deposit (bulk tonnage, low-grade, low-cost, open-pit/heap leach amenable). The company remains focused on exploring the property, and delineating an NI 43-101 compliant resource estimate. Management has set an exploration target of 1.8 Moz AuEq across three targets.
*This article and research coverage is paid for and commissioned by issuers. See the bottom of this article for other important disclosures, rating, and risk definitions.
