InvestorIntel’s Week-in-Review: Orbite Aluminae (+27.71%), Pele Mountain (+27.91%), Lomiko Metals (+9.09%), & Allana Potash (+6.82%)
For the week ending October 11, 2013.
Rare Earths & Critical Minerals: The sector’s performance was down slightly overall last week with the REE Leaders Index down -1.5% (closing at 391 points last Friday), while the InvestorIntel Rare Earths and Critical Minerals members’ average was down -4.33%.
The biggest gainer in the sector was Orbite Aluminae Inc. (TSX: ORT | OTCQX: EORBF), which increased +27.71% on the Canadian exchange and +22.11% on the American exchange. Not surprisingly, Orbite had the biggest news with last Friday’s announcement that the company is currently in discussions with the government of Quebec regarding financing alternatives. According to the October 11th Orbite news release: “These discussions are at an early stage, remain subject to several conditions that have yet to be satisfied and may or may not come to fruition.” Trading was temporarily halted last Friday due to heavy trading volume. Orbite was up almost +21% at market close yesterday day on some serious volume (over 4 million shares traded).
Shares in Pele Mountain Resources Inc. (TSXV: GEM | OTCQX: GOLDF) were up +27.91% on the American exchange on no news announcements.
- Early last week I published my exclusive video interview with Randy Scott, President, CEO and Director of Rare Element Resources Ltd. (TSXV: RES | NYSE MKT: REE) for an update and discussed the Bear Lodge Heavy Rare Earth Project advancement.
- The Strategic Materials Advisory Council wrote an excellent article on how Russia and China are spending billions of dollars on rare earths and how the US is slowly adjusting its strategy.
- InvestorIntel’s Ty Dinwoodie penned another short article, this time on the critical contributions of rare earth elements to the ‘new’ economy.
- InvestorIntel’s Australian Bureau Chief, Robin Bromby, wrote an excellent piece on critical metals and why you should add platinum to your list (and make sure tin and tungsten are already there).
- Last, but far from least, is my in-depth video interview with REE expert, Jack Lifton. In it, Jack discusses the future of rare earths, Professor Dudley Kingsnorth, a ‘possible’ market turnaround, and Molycorp.
Graphite & Graphene: Although the sector’s performance was flat overall last week, down -0.95%, there certainly was a lot of noteworthy news and there is much to be expected in the coming weeks.
‘In the center of the graphene hurricane’ and taking top honors for the sector was Lomiko Metals Inc. (TSXV: LMR), up +9.09% on the Canadian exchange and +5.0% on the American exchange. Late last week I published my video interview with Paul Gill, President and CEO of Lomiko Metals to discuss the company’s strategic alliance with Graphene Laboratories Inc. as well as one of Lomiko’s most significant corporate milestones achieved to date — the announcement that graphite samples from Lomiko’s Quatre Milles Property were successfully converted to graphene oxide and reduced graphene oxide.
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- Yours truly also interviewed Mason Gaphite Inc. (TSXV: LLG) President and CEO Benoît Gascon and discussed how Mason acquired one of the world’s highest-grade graphite deposits. Daniel McGroarty wrote a great article that referenced Mason in: Homeland Security, Wikileaks, Jack Bauer – and Mason Graphite.
- Ty Dinwoodie interviewed industrial minerals expert Don Hains for his interminable piece: Understanding the ZEN of the Graphite Industry. The article helps us comprehend the uniqueness of Zenyatta Ventures Ltd. (TSXV: ZEN | OTCQX: ZENYF), discusses the different types of graphite and some of the processing methods involved in achieving ultra high-purity (battery-grade) graphite.
Potash & Phosphate: The sector’s performance was down slightly, falling -2.67% overall last week. The embattled sector seems to have, perhaps, found its bottom and may be poised for a much-anticipated turnaround.
Taking top honors in the sector is Allana Potash Corp. (TSX: AAA | OTCQX: ALLRF), which gained +6.82% on the Canadian exchange and +6.28% on the American exchange on a major announcement. On October 9th Allana Potash announced it had been granted its mining license for Allana’s Danakhil potash project in Ethiopia. The market has responded quite positively to the news. That same day, InvestorIntel’s Ty Dinwoodie wrote: One step closer to potash production; Allana Potash granted Mining License for Dallol Project.
Shares in Magna Resources Ltd. (CNSX: MNA | OTCQX: MGRZF) gained +6.21% on the American exchange on no new announcements. Earlier this month, I interviewed Mike Sieb, President of Magna Resources, to discuss the company’s most significant benchmark achieved to date; the announcement that the US Bureau of Land Management has approved Magna’s 35,000-acre Green River Potash Project in Utah’s world-renowned Paradox Basin.
- It had been a couple of months since we heard anything from IC Potash Corp. (TSX: ICO | OTCQX ICPTF), but that all changed last Thursday. On October 10th, IC Potash announced an update on the company’s operations, including the timing of the finalization of the Feasibility Study for the Ochoa SOP Project in southeastern New Mexico. The following day, Ty Dinwoodie write an article on IC Potash, entitled: A world-class SOP play with extraordinary promise, IC Potash nearing completion of Feasibility Study.
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>