Excited to See the Drilling Results As manufacturing for things such as EVs and electronics continue to stay at all-time highs, companies need to have access to the raw materials used in production. But, with demand outpacing supply for many metals, the need for mining has never been higher. Plus, inflation just came in at 7.7% in Canada, the highest since 1983. One company I've been watching for some time is $SAG.V (Sterling Metals) due to the strong stock performance despite the bear market and their promising Sail Pond Project.
- The project consists of a primary focus on silver but also has signs of copper, zinc, and a few other metals used in good manufacturing.
- The 7,500m phase 2 drilling is underway at the project as they look for new zones/extensions.
- Impressive ownership with Sprott holding 7% of the company, Altius Minerals at 13%, and other institutions holding 16%. This institutional backing shows the potential of $SAG.V.
With previous high-grade results and $4.8M raised in the past couple of months, they're in an excellent financial and explorational position going into the future. It's definitely getting interesting at these levels, with a market cap of only $16.4M. I'll be keeping an eye on the stock at these levels and watching for the future drill results. GLTA!