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The Market Online
16 hours ago
- Business
- The Market Online
Two rebounding stocks for the long run
While many investors are fond of bowing down to market fluctuations as gospel, the mostly unspoken truth is that rebounding stocks, as well as those in precipitous downfalls, require supporting facts for these fluctuations to qualify as rational. In other words, a stock's spike up or down speaks to its underlying company's valuation only if there's evidence for it. In its absence, the market's bipolar tendencies might be offering you a discount to build a position, or overvaluation to make a profitable exit. In its presence, you're the beneficiary of a data-driven investment thesis and can begin to hash out expectations in terms of time horizon and expected return. In the newest edition of Stockhouse's Weekly Market Movers, I'll analyze a pair of rebounding mining stocks supported by operations that seem to have what it takes to ramp up momentum moving forward. Atlas Salt Our first rebounding stock, Atlas Salt, market capitalization C$47.67 million, is developing the Great Atlantic salt project in Newfoundland, which is positioned to be Canada's next salt mine. The feasibility-stage project holds an estimated post-tax net present value of C$553 million, offering the potential for a 34-year operating life extracting about 84.5 million tons of salt in probable reserves, in addition to resources of 368 million tons indicated and 827 million tons inferred. According to Atlas Salt's investor presentation for June 2025, the price of U.S. rock salt imports has more than doubled since 2000 to over US$65 per ton, with North America importing about a quarter of its salt annually, granting the company plenty of room to capitalize on the ongoing trend of onshoring critical material supply chains. At total capital costs of C$1.1 billion, with a payback period of only 5 years, Great Atlantic is rapidly advancing towards production through permitting and an updated feasibility study to further validate project economics for investors and offtake partners. An initial non-binding memorandum of understanding with Scotwood Industries targets distribution of 1.25 to 1.50 million tons of salt products per year. Atlas Salt stock (TSXV:SALT), in turn, has bounced back by 36.11 per cent from its year-to-date low, largely driven by the upcoming feasibility study and the hiring of a new CEO and CFO that bring ample experience with major miners and financial institutions. I think a handful of priorities in 2025 are likely to keep pushing the stock up and to the right, including advancing regulatory compliance, geotechnical and hydrological site evaluation, potential production expansion, as well as the conversion of a pipeline of strategic partnerships into initial revenue. Nolan Peterson, Atlas Salt's CEO, spoke with Stockhouse's Lyndsay Malchuk about the new feasibility study, which is expected in Q3 2025. Watch the interview here. Kootenay Silver Our second rebounding stock, Kootenay Silver, market capitalization C$74.89 million, is a mineral explorer that controls one of the largest junior silver portfolios in Mexico, which Visual Capitalist ranks as the world's top silver-producing country. The company's portfolio is highlighted by: Its flagship Columba project, housing a maiden resource estimated at 54.1 million ounces in silver resources inferred. The Promontorio-La Negra and La Cigarra properties, representing a collective 214.2 million ounces of silver equivalent measured and indicated and 54.9 million ounces of silver equivalent inferred. At prices as of June 20, these properties are sitting on more than US$11.6 billion in silver in the ground combined, a sum on a completely different plane of existence versus the company's micro market capitalization. And with Kootenay stock up by only 2.56 per cent year-over-year, heavily trailing silver's 20 per cent gain, you wouldn't exactly intuit the company's multi-billion-dollar potential, or the fact that its operations are well-equipped to close this valuation-resource gap in a significant way. Key drivers behind this thesis include: A leadership team with success developing early-stage mining projects into acquisition-worthy targets. A C$17.4 million bought-deal offering with Research Capital expected to close on June 25 to further advance Columba, with funds going towards an ongoing 50,000-metre drilling program that has yielded numerous intercepts in the thousands of grams of silver per ton (g/t) with numerous high-grade targets still to be explored. An abundance of targets on its secondary properties waiting in the wings to add fuel to a bid for a stock price re-rating. An approximately 5 per cent investment from Canadian Mining Hall of Fame member Eric Sprott doesn't hurt either, in terms of differentiating the company from competitors when it comes to future capital raises. Over the past month-and-a-half, the market has been showing early signs of recognizing the value proposition we're laying out, with Kootenay stock (TSXV:KTN) adding more than 30 per cent over the period propelled by Columba's maiden resource, as well as a highlight intercept of 7,360 g/t silver and 30.57 per cent lead-zinc announced in early May. With exploration capital nearly in hand, look for positive news flow over the summer to continue fostering this upward trend and building awareness of Kootenay's major status among junior silver miners. James McDonald, Kootenay Silver's president and CEO, joined Coreena Robertson to comment on Columba's maiden resource estimate. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these rebounding stocks on the Atlas Salt Inc. and Kootenay Silver Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Atlas Salt Inc. and Kootenay Silver Inc., please see full disclaimer here.
The Market Online
13-06-2025
- Business
- The Market Online
Two smart-money mining stocks for polymetallic exposure
If we were to describe investment cloning, made famous by value investor Monish Pabrai, we might call it the practice of replicating the world's most distinguished capital allocators. The first step to successful cloning is to vet the investors to be copied, certifying that their decisions are trustworthy. A simple read through their track records will do. Pabrai emulates Warren Buffett, one of the greatest investors of all time, whose total return dating back to the 1960s stands at over 5.5 million per cent. The second step, as caution dictates, is to run the investment through your own due diligence process, making sure you agree with the object of your cloning rather than blindly following them, carelessly leaving your investments vulnerable to the winds of chance. In the newest edition of Stockhouse's Weekly Market Movers, I'll take a detailed look at two smart-money mining stocks, whose high-profile associations go a long way towards justifying a cloning thesis. How well with their assets and operations stand up to analysis? Let's see, shall we? Our first smart-money mining stock with strong cloning potential is Power Metallic Mines, market capitalization C$277.11 million, a Canadian explorer proving out the value of its flagship Nisk nickel-copper-gold-silver-platinum group elements project in Quebec. Under an 80 per cent option from Critical Elements Lithium (TSXV:CRE), Nisk boasts a 2023 indicated resource estimate of 41,600 tons of nickel, 22,100 tons of copper, 2,600 tons of cobalt and 132,500 ounces of palladium, collectively representing over US$1 billion in metals in the ground. The company is confident about expanding Nisk's resource across a handful of highly prospective targets – including the Lion zone, which recently yielded 12.54 meters of 10.99 per cent copper equivalent, and the Tiger zone, as recently highlighted by 14.3 meters grading 0.96 per cent copper equivalent – with a fully funded 100,000-metre program scheduled into 2026. Power Metallic's efforts are supported by a top-tier investor base, as detailed in slide 4 of its June 2025 investor presentation. This includes positions held by: Robert Friedland, founder of the C$13.52 billion Ivanhoe Mines (TSX:IVN), a major metals producer that generated US$228 million in net income in 2024, as well as the company behind the famous Voisey's Bay nickel, copper and cobalt mine in Labrador, which sold for C$4.3 billion in 1996. Rob McEwen, executive chairman and top shareholder of the C$683.4 million McEwen Mining (TSX:MUX), a global gold and silver producer, and founder of Goldcorp, a company he took from a market cap of $50 million to over $8 billion. These heavyweights join a number of institutional investors, including CVMR, as well as insider investors, including a sizeable position owned by chief executive officer, Terry Lynch, on Nisk's rapidly accelerating path to becoming Canada's next polymetallic mine. Power Metallic's most recent milestone in this direction involved the purchase of 167 square kilometres of adjoining claims from Li-FT Power (TSXV:LIFT), more than tripling Nisk's land package to 212.86 square kilometres. Lynch sat down with Stockhouse's Lyndsay Malchuk to discuss the new claims. Watch the interview here. The broader market has responded favorably to the company's value proposition, lifting Power Metallic stock (TSXV:PNPN) by 72.22 per cent year-over-year and by over 430 per cent since 2023. Globex Mining Enterprises Our second smart-money stock pick, Globex Mining Enterprises, market cap C$76.85 million, offers exposure to a large portfolio of mid-stage exploration, development and royalty properties spanning precious metals, base metals, specialty metals and minerals, as well as industrial minerals and compounds. Investors own a piece of 258 mineral assets in total, including 106 royalties and 50 historical or NI 43-101 compliant resources – up from 129 assets in 2015 and 49 in 2005 – each marked by at least one pillar on Globex's value-accretive acquisition criteria. These include: Historical or NI 43-101 resource. Drill intersections of economic interest. Past production. Mineralized showings or drill targets. Geophysical, geochemical and geological studies. Mining-friendly jurisdictions, currently concentrated in North America with a minor presence in Germany. Location on major ore structures or in mining camps with established track records. We find evidence for the success of Globex's acquisition strategy on its balance sheet and income statements. Unlike most micro-cap miners, for instance, the company is net income profitable, posting positive results under the metric in four out of the past five years. It's profitability has, in turn, allowed it to remain debt-free, quintupling its cash position over the period to about C$30 million as of Q1 2025, granting it plenty of dry powder to wait patiently and prioritize value in future acquisitions. Globex's profitable growth has afforded it an abundance of high-profile partners, whose association considerably de-risks your investment in the company's continued success. Here's a representative sample: These illustrious partners, joined by a geology-heavy management team with 12.74 per cent insider ownership, shows Globex Mining to be an all-around compelling name to capitalize on a diversity of commodity markets regardless of sentiment. Whether it's cash in the bank to buy depressed assets in down times or assets on the balance sheet to sell should animal spirits push prices beyond fair value, Globex is positioned to create shareholder value for the foreseeable future. Globex stock (TSX:GMX) has added 44.21 per cent year-over-year and 291.43 per cent since 2020, matching and outpacing gold's 45.7 per cent and 88.8 per cent efforts, respectively. Jack Stoch, Globex Mining's president and CEO, spoke with Lyndsay Malchuk about the company's recent resource upgrade at its Ironwood gold deposit in Quebec. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these smart-money mining stocks on the Power Metallic Mines Inc. and Globex Mining Enterprises Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Power Metallic Mines Inc. and Globex Mining Enterprises Inc., please see full disclaimer here.
The Market Online
11-06-2025
- Business
- The Market Online
Gold Report: Micro-caps cultivating value creation
Nevada King Gold (TSXV:NKG), market capitalization C$64.67 million, more than doubles measured and indicated resources to 1,019,600 ounces at its Atlanta gold mine project near Las Vegas, located within the prolific Battle Mountain trend. Click here for the full story. By the ounce At the time of writing on Tuesday, the price of gold was US$3,368, down from US$3,377.70 per ounce in our June 4 report, according to data from The Globe and Mail, as global markets brace for the outcome of ongoing U.S.-China trade talks in London. This week in gold Japan Gold (TSXV:JG), market cap C$25.10 million, launches the second 2025 drill program under its alliance with Barrick Mining (TSX:ABX) at the Ebino project in the southern Japanese island of Kyushu. The program will test targets in the Hokusatsu district, which has produced more than 13 million ounces of gold to date. In the newest edition of Stockhouse's Weekly Market Movers, read about Chesapeake Gold (TSXV:CKG) and Tectonic Metals (TSXV:TECT), two micro-cap gold stocks equipped to deliver leverage beyond the gold price. Yields are rising and with them gold and silver, attracting investors off the sidelines to capitalize on the prospectivity of strategic mining stocks across the project life-cycle. Read about why you might consider Globex Mining (TSX:GMX), market cap C$77.41 million, which owns more than 250 mineral concessions in Canada focused on gold and critical metals, positioning it to benefit from deal flow as gold prices hover around the all-time-high. Top trending gold stocks Join the discussion: Find out what everybody's saying about the micro-cap stocks in this week's gold report on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
06-06-2025
- Business
- The Market Online
Two high-conviction stocks to leverage record gold prices
At the time of writing on Thursday, gold traded at US$3,373.3 per ounce, just shy of the all-time-high set just last month, having gained over 40 per cent year-over-year and almost 100 per cent since 2020, reinforcing its reputation as a safe-haven investment during economically trying times. Gold's gains have mitigated risks associated with the COVID-19 pandemic, which dropped the TSX by 30 per cent in March 2020; inflation driven by quarantines lifted across the globe; ongoing conflicts in Ukraine and the Middle East; as well as renewed price pressures from U.S. president Trump's global tariff initiative. At the same time, higher gold prices are improving economics from exploration to production, enticing investors back into the space now that there's real money to be made. The lowest-hanging fruit in the gold stock universe will likely be found in producers with differentiated income statements and balance sheets, most of their growth likely behind them, making them best suited for moderate long-term returns. There is, however, a higher risk-reward option capable of delivering potentially exponential returns, supposing you're willing to size up early-stage mining projects and stick with them through development and hopefully production. We're of course talking about junior mining stocks, whose underlying pre-revenue operations rely on geological expertise, mining cycle timing and sound capital allocation to traverse the often volatile path to shareholder value. In the newest edition of Stockhouse's Weekly Market Movers, I'll introduce you to a pair of junior gold stocks equipped with assets and management teams worth believing in when it comes to generating leverage beyond the gold price. Chesapeake Gold Our first high-conviction stock to optimize your gold exposure is Chesapeake Gold, market cap C$96.44 million, whose flagship Metates project in Durango State, Mexico, hosts one of the largest undeveloped gold-silver deposits in the world. Metates' resource comes in at an estimated 16.77 million ounces of gold measured and indicated and 2.13 million ounces inferred, representing over US$60 billion in gold in the ground. The project's 2021 preliminary economic assessment details a pre-tax net present value of C$1.43 billion and initial capital costs of only C$359 million at heavily discounted base cases of US$1,600 gold and US$22 silver. Supported by C$11 million in treasury at year-end 2024, Metates' ample room for resource expansion, a management team with decorated histories in exploration and development in the Americas, as well as a recent acquisition of sulfide leaching technology that vastly increases recoveries and project economics (slide 8), there's no good reason Chesapeake should be trading at a 90 per cent discount to its peers on an enterprise value/ounces basis (slide 16). Jean-Paul Tsotsos, Chesapeake Gold's chief executive officer (CEO), spoke with Stockhouse's Lyndsay Malchuk about the benefits of the company's news sulfide leaching technology. Watch the interview here. Chesapeake Gold stock (TSXV:CKG) has given back 41.91 per cent year-over-year and 65 per cent since 2020. Shares last traded at C$1.40. Our second high-conviction junior gold stock, Tectonic Metals, market cap C$37.37 million, was founded by a team whose past successes speak for themselves, as highlighted by ushering Kaminak's Coffee gold project from a C$3 million venture through bankable feasibility, followed by a C$520 million sale to Goldcorp (now Newmont). As a whole, the team is responsible for: Over 30 million ounces in gold discoveries. 18 feasibility studies. 20 projects permitted. More than $3 billion in M&A transactions. More than $2 billion in capital raised. Tectonic is keen on expanding its track record with its flagship Flat gold project in Alaska, located only 40 kilometres from Novagold's Donlin project, host to one of the largest undeveloped gold deposits in the world at an estimated 39 million ounces. The 99,800-acre Flat has yielded 1.4 million ounces in historical placer gold production and delivered a 100-per-cent drill success rate to date, intersecting gold in all 86 drill holes across 3 kilometres of mineralized strike up to 325 metres deep. The company has identified six potential district-scale deposits on the project, granting Flat multi-million-ounce potential. With numerous analogous mines (slide 17) strengthening Flat's case for a company-making initial resource estimate, and C$12.5 million in funding in place for phase-I drilling to follow up on 2024's Alpha Bowl discovery – 65.53 metres grading 1.22 grams per ton (g/t) of gold – Tectonic is a reasonable candidate for transforming robust exploration upside into an outsized stock price re-rating. Tectonic Metals stock (TSXV:TECT) is up by 12.5 per cent year-over-year but remains down by 59.09 per cent since 2020. Tony Reda, Tectonic Metals' founder, president and CEO, sat down with Coreena Robertson to discuss the company's recently closed funding round. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these junior gold mining stocks on the Chesapeake Gold Corp. and Tectonic Metals Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Chesapeake Gold Corp. and Tectonic Metals Inc., please see full disclaimer here.
The Market Online
30-05-2025
- Business
- The Market Online
A growth pick and a value play for the junior mining investor
With Trump's tariff rampage reinforcing the ongoing trend towards deglobalization, the economic environment is the most prospective it's been for junior mining investors since the height of the Great Financial Crisis, when gold, silver and copper hit all-time-highs as major financial institutions crumbled with their hands out for a bailout. As economic superpowers across the world seek to secure domestic supplies of critical materials, they will be looking to allied countries to fill in shortfalls, making projects across the mining life-cycle key considerations for your next investment. In the latest edition of Stockhouse's Weekly Market Movers, I'll weigh in on the prospects of two junior mining stocks – one positioned for growth, the other for a value-based re-rating – with multi-commodity exposure tied to markets in long-term tailwinds. Green Bridge Metals, market capitalization C$18.81 million, is a Canadian-based exploration company acquiring and developing critical mineral projects. The company's flagship asset, the 8,460-hectare South Contact Zone (SCZ) north of Duluth, Minnesota, houses bulk-tonnage copper–nickel and titanium-vanadium across four properties, with numerous exploration targets including platinum group elements (PGEs) yet to be fully exploited. SCZ currently hosts an inferred titanium dioxide (TiO2) resource of 46.6 million tons grading 15 per cent TiO2, in addition to 13.3 million tons of ilmenite valued at $350 per ton, with a preliminary economic assessment (PEA) (a likely market catalyst) expected by Q4 2025. Green Bridge's 1,450-hectare Chrome Puddy project in Ontario complements the SCZ with a past-producing chromite mine, bulk-tonnage nickeliferous magnetite mineralization (historical resource of 30 million tons at 0.25-0.28 per cent nickel) and multiple untested conductors and channel sample-based targets. Investors have been getting behind the company's upside since adopting the Green Bridge name in November 2023, elevating Green Bridge stock (CSE:GRBM) by 125 per cent to date. Drilling, sampling and metallurgical studies planned for 2025, in addition to the PEA, offer the company a runway to add to share-price momentum and tap capital markets more opportunistically, responding rather than reacting to commodity demand. David Suda, Green Bridge Metals' chief executive officer (CEO), spoke with Stockhouse's Lyndsay Malchuk about the company's letter of intent to option another large bulk-tonnage copper-nickel-PGE project in Minnesota, this one hosting historical indicated and inferred resources. Watch the interview here. AJN Resources Our second junior mining stock pick, this time on the value side of the spectrum, is AJN Resources, market capitalization C$5.69 million, which explores for lithium and gold in Africa backed by a management team with over 75 years of experience, including exploring, financing and developing major mines across the world. AJN's Manono Northeast project in the Congo, optioned in 2023, generated grab samples up to 400 parts per million (ppm) lithium and 1,815 ppm tin only 7 km northeast of the Manono pegmatites, which yielded AVZ Minerals' 669 million tons at 1.61 per cent Li 2 O on its flagship Manono project. AJN's drill-ready Kabunda South project, 120 km to the northeast, also optioned in 2023, features visually identified spodumene across an 11-km strike extent, including priority pegmatites measuring 1.5 km and 1.2 km in length, respectively. Recently, AJN expanded its target commodities with gold, coinciding with the metal's ascent to all-time-highs, signing deals to acquire a majority stake in the 672-square-km Dabel project in Kenya and the 42.8-square-km Okote project in Ethiopia. The projects are located 250 km and 100 km, respectively, from the producing 4.5-million-ounce Lega Dembi mine in Ethiopia, the country's largest gold operation. Despite management's over 20 years of experience in the Congo and a portfolio with solid leads for exploration upside, AJN stock (CSE:AJN) has given back over 70 per cent since optioning the first of these projects, Kabunda South, in January 2023, suggesting that investors today may benefit from a contrarian opportunity as positive news flow leads to market recognition and a potential re-rating. Green Bridge's 11 per cent insider ownership and 18 per cent institutional ownership wholeheartedly agree. Klaus Eckhof, AJN Resources' president and CEO, joined Lyndsay Malchuk to discuss the company's investment in the Okote gold project. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these junior mining growth and value stocks on the Green Bridge Metals Corp. and AJN Resources Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Green Bridge Metals Corp. and AJN Resources Inc., please see full disclaimer here.
