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The ‘Forgotten Critical Mineral’ that Investors Should Remember…Vividly

Dave Jackson Dave Jackson, Stockhouse
1 Comment| March 9, 2022

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It may not be the sexiest of metals and is often referred to as ‘the forgotten critical mineral’, but tin is still one of the most versatile and essential elements on the planet today.

And few companies are mining this critical mineral (1) as efficiently and effectively as Alphamin Resources Corp. (AFM) (TSX-V.AFM, OTCMKTS: AFMJF, Forum). A producer of 4% of the world’s mined tin (2) , at an average grade of around 4.5% from its operation in the Democratic Republic of Congo, the company is truly a major global player in the exploration, development, and production of high-grade tin.

As in-tune metals & mining investors know, the spot price of tin has skyrocketed over the past 12 months from about USD$26,000 to hovering in and around USD$48,000 per metric ton at press time. That’s a nearly 85% increase in price in just a year! So from an ROI perspective, it’s obvious that tin’s time to shine is now.

Fact. Tin is one of the world’s oldest continuously mined metals and today offers a wide variety of strategic and base metal uses. Tin produced is used in solder, primarily for electronic circuit boards – currently, an extremely in-demand and underserved global market suffering from severe supply chain issues. It is often called “the glue of technology.” Simply put, without tin, technology as we know it today cannot exist.


In the News

In keeping with the company’s sparkling spreadsheet numbers over the past year-plus,
on March 7th, 2022, Alphamin announces Q4 and Fiscal Year 2021 results ending December 2021, achieving record fourth quarter EBITDA and production levels.


Q4 2021 Highlights:

  • Contained tin production up 10% from the prior quarter to 3,114 tons
  • Contained tin sales up 13% from the prior quarter to 3,056 tons
  • Record Q4 EBITDA3 of US$74m, up 38% from prior quarter actual
  • Net cash3 position increases to US$68m
  • FY2021 dividend of CAD$0.03 per share declared and paid
  • Announcement of Mpama South maiden Resource and positive Preliminary Economic Assessment.


Operational and Financial Summary for the Quarter and year ending December 2021 (2)

Description Units Actual Actual
Quarter ended December 2021 Quarter ended September 2021 Change Year ended December 2021 Year ended December 2020 Change
Tons Processed Tonnes 107,981 108,901 -1 % 416,173 366,634 14 %
Tin Grade Processed % Sn 3.9 3.5 12 % 3.6 3.9 -10 %
Overall Plant Recovery % 75 75 -1 % 74 71 4 %
Contained Tin Produced Tonnes 3,114 2,832 10 % 10,969 10,319 6 %
Contained Tin Sold Tonnes 3,056 2,710 13 % 11,521 11,474 0 %
AISC3 per tonne tin sold US$/t 15,117 14,765 2 % 14,173 11,469 24 %
EBITDA3 US$'000 74,347 53,715 38 % 198,592 58,302 241 %
Net Cash/ (Net Debt)3 US$'000 68,233 1,036 6486 % 68,233 (59,909 ) -214 %
Tin Price Achieved US$/t 38,432 33,704 14 % 30,629 16,336 87 %


Also on March 7th, the company announced a maiden mineral resource estimate and positive Preliminary Economic Assessment (PEA) for its massive Mpama South Project in the DRC. Of note, Alphamin reported estimated annual contained tin production of 7,232 tonnes at an estimated AISC2 of US$15,188 p/t tin (based on USD$40,000 p/t tin price).

Click here for more details.


Investors Corner

Continuing its upward rise on the stock charts, Alphamin’s robust increase in shareholder value can be tracked to not until the dramatic increase in tin prices and global demand, but the company’s ability to meet that demand and its massive 3.33 million tonnes of mineral reserve, accounting for 8% of global compliant tin reserves. (3)

And with the aforementioned record-breaking Q4 2021 financial results, Alphamin Resources Corp. looks to be well positioned for another year of steady growth.


(12 month TSX-V.AFM stock chart Mar 2021 – Mar 2022. Click image to link to chart)


About the Company

Alphamin Resources Corp. is a Mauritius-based company. It is engaged in the business of producing tin from its Bisie mine in the North Kivu province of the Democratic Republic of Congo.

The Company’s management team has successfully developed and brought the Bisie tin mine to targeted production levels, ahead of its technical report released early 2020 and is focused on taking the business to the next level. The team say they are never satisfied with the status quo and continues to grow production while, importantly, initiating drilling activities to prove that its license area represents one of the world’s most significant tin complexes. And that together with tin being pro-technology, this makes for a great business proposition.



(Click image to enlarge)


(1) Tin is classified as a critical mineral in the United States, but not in the European Union.

(2) Data obtained from International Tin Association Tin Industry Review Update 2021 Production information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates.3This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers. See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

(3) According to International Tin Association Tin Industry Review 2020 and Global Resources & Reserves 2020.



For more information, visit, alphaminresources.com.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.


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