Analysts' Ideas of the Week
PGM-Lithium Junior Soars 71% Last Week Plus Notable Mining Updates
ByFRC Analysts
Disclosure: Articles and research coverage are paid for and commissioned by issuers. See the bottom for other important disclosures, rating, and risk definitions, and specific information.
Highlights
*Disseminated on behalf of Power Metallic Mines Inc., Homerun Resources Inc., and East Africa Metals Inc. See the bottom of this report for other important disclosures.
We review the performance of our Top Picks, including a junior PGM-lithium explorer, whose shares rose 71% last week. We also highlight promising updates from gold, copper, and silica juniors under coverage.
Highlights:
- Gain insights into companies under coverage that experienced significant developments last week, along with our analysts' commentary and actionable takeaways.
- FRC top picks and standout performers from the past week
Updates on Resource Companies Under Coverage
Power Metallic Mines Inc.
PR Title: Announces final results from a recently completed drill program at the Nisk project in Quebec (Qualified Person: Joseph Campbell, P.Geo, VP Exploration at Power Metallic.)
Analyst Opinion: Seven of nine holes drilled at the Lion zone returned significant results, including 12.54 m of 10.99% CuEq. At the Nisk East zone, one of two holes intersected notable mineralization, with 11.25 m of 1.22%. Follow-up drilling is scheduled to commence this month. The Nisk project comprises three key mineralized zones: the high-grade polymetallic Lion zone, the nickel-rich Nisk Main deposit, and the newly discovered polymetallic Tiger zone. In addition, PNPN has expanded its land package by over 300% to 212.86 km², through the acquisition of 313 adjoining claims from Li-FT Power (TSXV: LIFT), adding new exploration targets.
Homerun Resources Inc.
PR Title: Updates on its silica processing plant and solar glass manufacturing facility (Brazil)
Analyst Opinion: HMR has secured land for its planned silica processing plant, and solar glass manufacturing facility. The company has lined up potential offtake agreements with several Brazil solar module manufacturers, and expects to complete a feasibility study this year. Recognizing the potential of these facilities to generate jobs and boost the local economy, local government entities have pledged support through land donations, tax incentives, expedited permitting, and natural gas supply. Management aims to commence production at the silica processing plant in H1-2026, followed by the solar glass manufacturing facility in H1 2027.
PR Title: Announces a $5.5M equity financing
Analyst Opinion: After an extended period of inactivity, we are pleased to see the company announce a strategic financing from an unnamed investor. Funds will be used to advance its gold projects in Ethiopia and Tanzania. Upon closing, we anticipate management will provide a clearer roadmap for these assets, offering improved visibility into their forward strategy.
