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Energy & Critical Metals

AREC Stock Is Soaring Because American Resources Just Scored 99.5% on a Key Test

Even in the throes of a global supply chain crisis, the electric vehicle boom continues to dominate. This trend points toward a profitable future not just…

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Even in the throes of a global supply chain crisis, the electric vehicle boom continues to dominate. This trend points toward a profitable future not just for automakers, but for firms making the many necessary components. One of the most important of these components is the battery — and demand for its production has fueled a boom that has lifted a wide swath of companies. Today, American Resources (NASDAQ:AREC) is catching a lift for its own role in the EV race. And, as a result, AREC stock has spiked.

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What’s Happening With AREC Stock

So what exactly happened?

American Resources announced this morning that it had succeeded in achieving greater than 99.5% purity of lithium, nickel and cobalt from recycled NMC batteries sourced from the manufacturing process of electric vehicles. This is a technology for which the company holds all exclusive licenses and patents. This development was accomplished through the use of displacement chromatography.

AREC stock has been steadily climbing since the news broke this morning and as of this writing, has risen by just over 23%. Shares declined early last week and primarily flatlined between $5 and $7 until markets opened today. Despite some steep declines throughout the month of September, the stock is beginning October on a better note.

Why It Matters

The basic materials sector doesn’t typically receive as much coverage as electric automakers, but that doesn’t mean it isn’t worth paying attention to. This development could help propel a little-known company to the top of a market that is growing up.

This development is a clear victory for American Resources. According to the issued statement, it provides it with a way to isolate lithium, nickel and cobalt for the production of batteries, creating a way to fill market need that is both effective and economical.

As CEO Mark Jensen stated, “Our technology is unique in that it utilizes a cost-effective solution for the final stage of recycling battery metals all the way to the end isolated metals.”

What’s Next for AREC Stock?

There’s one other detail that’s worth paying attention to as you evaluate the future of AREC stock. This development isn’t just innovative and cost effective, it’s a step forward for clean technology.

The EV boom was born out of the need for sustainable technology and building anything, even in part, with recycled materials sounds like progress as the U.S. works toward a future shaped by green energy and clean tech.

Companies that operate in both areas, even those not specifically tied to EV production, have been enjoying an overall very good year, with noticeable gains last month. Things look good for AREC stock right now, which is still trading at only a few dollars per share. If you’re looking for a bullish clean energy play, it is absolutely worth watching.

On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Energy & Critical Metals

American Lithium Launches $20.0 Million Private Placement

American Lithium Corp. (TSXV: LI) announced last night that it has entered into an agreement to conduct a private placement.
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American Lithium Corp. (TSXV: LI) announced last night that it has entered into an agreement to conduct a private placement. The financing is reported to be for aggregate gross proceeds of $20.0 million.

The private offering, made with Eight Capital on behalf of a syndicate of agents, comprises 7,548,000 company units at $2.65 per unit. Each unit consisted of a common share and one-half of a common share purchase warrant. Each whole warrant entitles the bearer to purchase a common share at $4.00 per share within two years from closing.

The company said the proceeds of this funding will be used for the exploration and development of its TLC project, Falchani Project, and the Macusani Project, and for working capital and general corporate purposes.

American Lithium Corp. last traded at $2.89 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post American Lithium Launches $20.0 Million Private Placement appeared first on the deep dive.

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Top Mining Stocks To Watch Under $5

These cheap mining stocks are performing well in the market Mining stocks…
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These cheap mining stocks are performing well in the market

Mining stocks have had a fantastic year and a half. During this time span, many companies in this industry have set new highs. It all began with the pandemic, which caused the cost of resources such as gold and silver to skyrocket. This has resulted in a slew of mining stocks to keep an eye on in 2020. But, given that we are now in the year 2021, what is the present situation of these stocks?

Mining stocks have not performed as well in 2021 as they did in 2020. Having said that, there are still lots of assets that have appreciated in value this year. The mining sector’s monarchs last year were gold stocks, silver stocks, and lithium stocks. Materials like copper, steel, and iron ore are rapidly increasing in value this year. Mining penny stocks are especially volatile because of their low cost. These stocks can result in large percentage gains or losses in a single trading day.

Many people are concerned about the impact of inflation on the market right now. Nobody knows which direction mining stocks will move in as a result of this. Many mining corporations are already publishing their second-quarter financial results for the year 2021. This can often indicate the direction in which a company is heading. Examining global news, industry news, and other company news can also assist in determining when to invest. For example, if a material is in short supply and demand rises, the price of that material may rise. This, in turn, will have an effect on the mining stocks involved. So, what are the best mining stocks to invest in right now? Before investing, it’s usually a good idea to check a company’s charts and volume. So which mining stocks are trending in the market at the moment?

Top Mining Stocks To Watch Under $5

  1. Harmony Gold Mining Company Limited (NYSE: HMY)
  2. Yamana Gold Inc. (NYSE: AUY)
  3. IAMGOLD Corporation (NYSE: IAG)

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Corporation Limited is a company that specializes in gold exploration, extraction, and processing. The company’s operations are based in South Africa and Papua New Guinea. It also looks for uranium, silver, and copper reserves. As a result, the price of HMY stock often rises when certain metals perform well. In the Witwatersrand Basin, it operates nine underground projects.

Earnings and revenue for the fiscal year 2021 increased year over year, according to the company’s most recent update. This is due to rising metal prices and the company’s excellent performance. The price of gold, silver, uranium, and copper affects the price of HMY shares. Harmony is most affected by gold, as it is the major material it seeks for. HMY stock is up 4.61 percent in the market today, October 13th. Considering this info, will HMY make your list of mining stocks to watch in mid-October?

Yamana Gold Inc. (NYSE: AUY)

Yamana Gold Inc., a mining stock, increased by more than 4% on October 13th. In Brazil, Chile, Canada, and Argentina, the corporation produces precious metals. Yamana is interested in assets in the development stage, exploratory properties, and land positions. The corporation manufactures both gold and silver at these locations.

Yamana recently released encouraging exploration data from its operational mines. It chose new zones and targets for each of its activities. In addition, the Wasamac project’s preliminary exploration drill results were recently disclosed. The price of gold and silver has a big impact on the AUY stock, maybe more so than its updates.

After the market closes on October 28th, 2021, the company plans to release its third-quarter earnings. On the same day, Yamana will present an operational update and have a conference call. It will be curious to see how these fresh developments affect the market price of AUY stock. Keeping this in mind, will AUY be on your mining stock watchlist right now?

IAMGOLD Corporation (NYSE: IAG)

Another mining penny stock that has recently risen in value is IAMGOLD Corporation. This is a gold mining company that develops and operates gold mines. The corporation is involved in gold, silver, and copper exploration and development. It now has stakes in the Rosebel and Westwood mines, as well as the Pitangui project.

The corporation released its financial statistics for the second quarter of this year in early August. This was a difficult period for IAMGOLD, which is still recovering from the pandemic and economic difficulties of the previous year and a half. IAMGOLD’s revenue has decreased from quarter to quarter and year to year. Gross profit and adjusted EBITDA both fell short of expectations. It also recorded a net loss instead of net earnings.

Despite these disappointing results, IAG’s stock has been rising in value. IAMGOLD recently announced the date for the presentation of its third-quarter results. After the market closes on Wednesday, November 3rd, 2021, these results will be revealed. If you’re planning to buy IAG shares, this is the next important date to keep an eye on. With these upcoming results in mind, will IAG stock be on your watchlist?

Hot Mining Stocks To Buy?

The stock market is often turbulent and perplexing. As a result, it’s best to concentrate on research and investing carefully. Nobody knows what will happen to mining stocks in the market as long as inflation fears persist and the pandemic roars on. As we approach mid-October, we’ll see what happens to mining stocks. Which companies will you add to your watchlist for the time being?

The post Top Mining Stocks To Watch Under $5 appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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Energy & Critical Metals

CanAlaska Stakes Historical Uranium Showings – 6 High Priority Uranium Targets Identified

Near 92 Energy and Baselode Energy Uranium Drillhole IntersectionsSix High-Priority Target Areas Identified Along Major StructuresVancouver, British Columbia–(Newsfile…

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Near 92 Energy and Baselode Energy Uranium Drillhole Intersections

Six High-Priority Target Areas Identified Along Major Structures

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2021) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce that compilation work on the Company's newly acquired Geikie project totalling 33,897 hectares in the eastern Athabasca Basin has identified six new uranium targets along 35 kilometres of major structures (figures 1 and 2). The targets are outlined by coincident magnetic breaks and prospective geology offsets just 10 kilometres from 92 Energy's Gemini mineralization (GM) and Baselode Energy's ACKIO and Beckett mineralization, and only 10 kilometres from a major highway.

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Figure 1

To view an enhanced version of Figure 1, please visit:
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CanAlaska's Geikie property straddles the extension of a fertile corridor of biotite gneisses hosting the Agip S high-grade uranium showing with up to 49% U and the recent Baselode Energy radioactive intersections near Beckett Lake on the Hook Lake property (Figure 2). The latter appears similar to 92 Energy's GM uranium zone near where Baselode has also intersected elevated radioactivity.

The presence of biotite gneiss, graphitic gneiss and calcsilicate (mafic gneiss) lithologies provides the contrast in rock strength and chemistry to create the pathway for structural disturbance together with the reducing conditions necessary to precipitate uranium. At least two large north-south trending Tabbernor faults interact with and displace these fertile uranium corridors creating ideal conditions for uranium deposits to form.

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Figure 2

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2864/99622_1546aaa004176aa4_002full.jpg

Several historical uranium showings occur on the property with grades as high as 0.225% U identified (Figure 2). The presence of Athabasca Group sandstone boulders in the project area demonstrates that the Athabasca Basin once covered this area indicating good potential for high-grade basement-hosted unconformity-related uranium deposits to form similar to NexGen's Arrow and Cameco's Eagle Point and Millennium uranium deposits.

CanAlaska CEO, Cory Belyk, comments, "CanAlaska continues to deploy its project generator model in the world's most prolific uranium district. Our team recognized the underexplored opportunity in this region of the eastern Athabasca Basin in conjunction with recent exploration success indicators, and acquired this very large contiguous land position just prior to the recent uranium staking rush. We look forward to working with a new joint venture partner to move this project forward."

Other News

The Company is currently drilling on its West McArthur Joint Venture Project in the 42 Zone discovery area, a joint venture with Cameco Corporation. The Company's other joint venture partner, Denison Mines, is currently drilling on the Moon Lake South project.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium." CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska's Vice President, Exploration.

On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: [email protected]

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99622

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