Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Transition Metals Corp V.XTM

Alternate Symbol(s):  TNTMF

Transition Metals Corp. is a Canada-based multi-commodity explorer. The Company is engaged in the acquisition and exploration of mineral exploration properties in Canada and the United States. Its projects include Thunder Bay nickel-copper-Platinum Group Metals (Ni-Cu-PGM’s), Saskatchewan (Cu), Abitibi (Au), and Sudbury Area copper-gold-Tungsten (Cu-Au and W) and Other. The Pike Warden property is located approximately 65 kilometers southwest of Whitehorse, Yukon, and is composed of around 203 contiguous mining claims totaling 41 square kilometers. Its Thunder Bay Ni-Cu-Pgm Projects include Sunday Lake, (25% carried), Saturday Night (100%), Owl Lake (100%) and Maude Lake (100%) projects. Its Abitibi projects include Gowganda Gold, Cryderman, and Pipestone (Joint Venture). The Company's Sudbury Area projects include Aylmer IOCG and Fostung. Its other projects include Jolly Gold, Highland Gold, Bancroft, Island Copper, Homathko Property, Thompson Gold and Duntara Copper.


TSXV:XTM - Post by User

Bullboard Posts
Post by SilverKnighton Dec 30, 2019 6:03pm
137 Views
Post# 30503097

SPC distribution

SPC distributionAfter the RTO and latest financing in SPC, Transition will own 19.8M shares of SPC. The financing was done at 0.25, so XTMs stake in SPC is worth $5M. They plan to distribute these shares out to shareholders. XTM has a market cap of only $6M. So the distribution of SPC alone will nearly get one back their investment in XTM. This stock is just crazy cheap and I'm thinking this dividend of SPC shares is going to create a lot of upside for XTM shareholders in 2020. I initially got interested in XTM given their 25% carried interest in Sunday Lake. That project more than any other looks like it will be a mine someday. The Highland drill results also got my attention, plus there is Rio Tinto drilling at Janice Lake and other projects optioned out with partners funding exploration. This is just such a well run company with lots of success at actually finding option partners and creating value. I recently did a bunch of DD into their financials and could not find fault. This stock is such a gift at these prices. GLTA.
Bullboard Posts