There has almost always been considerable interest in the mining and exploration sector and for food reasons too. Most of these companies bring immense value to their shareholders by way of their mining and exploration activities. That being said, investors also need to be careful with the companies that they choose to follow. Here is a look at 5 mining and exploration companies that have been in the news in recent times.
1. Houston Natural Resources Corp (OTCMKTS:HNRC): The first company that you could look into at this point in time is Houston Natural Resources Corp. There has been no news about the company this week so far but last week Houston Natural Resources was in considerable focus after it announced that it had inked a letter of intent with regards to the acquisition of Cunningham Energy LLC.
As per the provisions of the letter of intent signed by the two parties, Houston Natural Resources is going to pay up as much as $100 million in cash and securities for completing the acquisition. However, that is not all. PIPE and SPAC funds in the future are also going to add as much as $600 million in the form of development funds. It could be a good time to start tracking the stock.
2. Renforth Resources Inc (CSE:RFR) (OTCMKTS:RFHRF): One of the major stories in recent times has been the massive spike in the price of nickel and some companies have benefitted hugely from that development. One of those is Renforth Resources Inc, which has seen its stock soar considerably over the past week. During that period, the stock managed to clock gains of as much as 18% and has come into focus among investors in a big way.
Last month on February 16, the company had shared another important update with its shareholders with regards to the resumption of field operations at the Surimeau District Property, which is situated in the North-Western region of Quebec. At this point in time, it may be a good time for investors to consider adding the stock to their watch lists.
3. Clifton Mining Company (OTCMKTS:CFTN): The next mining and exploration stock that investors could consider looking into at this point is Clifton Mining Company. The company had actually come into focus last week after it announced that it had actually got the production report for the month of January 2022 from the Desert Hawk Gold Corp.
It was announced that in the month of January the company had managed to sell as much as 286 ounces of silver and 261 ounces of gold from its leach pad. In addition to that, as much as 13307 tons of ore had been crushed at the site and 137 recoverable ounces were added at the leach pad. It was a major new announcement from the company and one that may lead to renewed interest from investors.
4. Mineworx Technologies Ltd (TSXV: MWX) (OTCMKTS:MWXRF): The other mining and exploration company that had actually come into focus not too long ago was Mineworx Technologies Ltd. The company was in the news cycle last week after it announced on March 22 that it had gone into a share purchase agreement with the firm Iron Bull Mining Inc. As per the specifics of the agreement, Mineworx is going to sell off Magnetitas del Cehegin Iron Ore Asset, its Spanish subsidiary for the price of $20,000,000.
It is also going to be a change of business transactions for the company. It goes without saying that such a sale could bring considerable focus to the company’s stock over the course of the coming days and it may be a good idea for investors to possibly start tracking the stock a bit too closely.
5. American Manganese (TSX:AMY.V) (OTCMKTS:AMYZF): Last but not the least, it is the American Manganese stock that many investors could consider looking into at this point. The company is involved in the critical metals sector and not too long ago its Chief Executive Officer went on a key industry podcast.
Appearances on podcasts are important for many of these companies due to the simple reason that it can take the company’s message to a large number of listeners and potential investors at one go. At the podcast, the CEO discussed many of the aspects of the company and also spoke about some of the recent developments in the industry that could have an impact on American Manganese. Investors could do well to listen to the podcast.
