RSD Weekly Recap: East West Petroleum (TSX-V: EW), Advantage Lithium (TSX-V: AAL), K92 Mining (TSX-V: KNT), Kai Hoffman, Mercenary Geologist Mickey Fulp
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
Gold continued its slide lower, settling at $1,223 last week for a weekly loss of approximately 0.5%.
Silver followed gold lower, dropping four pennies and settling at $15.47/oz.
The dollar settled at $94.66 for a weekly gain of 0.2%.
Copper settled at $2.84/lb. for a weekly gain of 2.5%.
Platinum settled higher at $830 an ounce for a weekly gain of 0.6%.
Palladium settled at $918 an ounce for a weekly gain of 3.3%.
Zinc settled right near the $1.20/lb. level, picking up two pennies on the week.
Oil settled at $68.69/barrel, down approximately 2.5%.
Uranium settled at $25.63/lb. for a weekly gain of approximately 7%. The indefinite shutdown of McArthur River and the Key Lake mill served as the springboard this time around.
Not only does the shutdown remove uranium from the market but Cameco will also now be a buyer to satisfy prior commitments. Lots to like in the uranium space.
A tough but necessary decision by Cameco. Expect more announcements.
A busy week despite everyone being on vacation.
East West is making an interesting pivot into the cannabis space and Advantage continues to be a prime takeout target in the junior lithium space.
I also caught up with K92 Mining (TSX-V: KNT) Capital Markets Advisor Bryan Slusarchuk. K92 has executed brilliantly and also has to be considered a takeout target, given the production profile and legitimate exploration upside.
Soar Financial Canada CEO Kai Hoffman checked in to go over the pitiful state of financings in the junior space.
Last but not least I had the pleasure of chatting with the Mercenary Geologist Mickey Fulp. We talked Trump, Tariffs and of course Cubs and Cardinals.
That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.