RSD Weekly Recap: Skyharbour Resources (TSX-V: SYH), Millrock Resources (TSX-V: MRO), K92 Mining (TSX-V: KNT), Almadex Minerals (TSX-V: AMZ), Leading Edge Materials (TSX-V: LEM)
This is Gerardo Del Real with the Resource Stock Digest weekly recap.
I hope everyone had a great Memorial Day weekend here in the U.S. To those who serve, have served, and to the families that have sacrificed we send our deepest appreciation for your service and sacrifice.
Gold was up for the week, closing at $1,267 an ounce for a weekly gain of 1%. Silver was up nearly 3%, closing at $17.31 an ounce for the week.
Copper was flat for the week, closing at $2.55/lb.
Platinum was up nearly 2% for the week, closing at $959 an ounce while palladium was up nearly 4.5%, closing near the $790 an ounce mark.
All this while the dollar was relatively flat.
Oil closed the week at $49.33 a barrel while uranium breached the $20 level to the downside but closed at $20.25/lb., down nearly 7%.
Zinc traded relatively flat once again closing the week at $1.18/lb.
Busy week of news.
I had the pleasure of speaking with Skyharbour (TSX-V: SYH) Resources CEO Jordan Trimble. Skyharbour continues to deliver with the drill bit and continues executing the prospect generator model. Great contrarian play in the uranium space.
Speaking of prospect generators, Millrock Resources (TSX-V: MRO) CEO Greg Beischer provided an update on its multiple projects in Alaska, B.C. and Mexico.
K92 Mining (TSX-V: KNT) delivered what could be a game changer of a hole for the company. President Bryan Slusarchuk gave me the details of a 500-meter step-out hole that returned some very high grades. Stay tuned for more from K92.
Another company delivering with the drill bit is Almadex Minerals (TSX-V: AMZ) whose El Cobre project is quickly shaping up to be district-scale project with multiple copper-gold porphyries. CEO Morgan Poliquin went over why he’s excited about current and upcoming drilling at the El Cobre project.
Last but not least, Leading Edge Materials (TSX-V: LEM) CEO Blair Way shared exciting news from its most recent battery grade results. This time around the company used graphite from its flagship Woxna facility to produce the same type of cells used in a Tesla. Early days but Leading Edge is very well positioned to benefit from this emerging megatrend.