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Buzz on the Bullboards: Rare Metals, Battery Metals, & Cannabis … Oh My!

Stockhouse Editorial
11 Comments| October 8, 2020

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(Learjet 75 Liberty light jet. Image via Bombardier Inc.)

Stock reports resembled an out of control traffic light on a race track this week; one day it’s all green, the next, a line of red.

When every day looks crazier than the last and you do not know what to expect coming in tomorrow’s news cycle, you can bet the markets are going to be volatile ….

This has been the case in market activity throughout the Fall season so far and the month of October doesn’t seem to be letting up with its surprises any time soon.

That means market intensity makes for intense discussions on Stockhouse’s Bullboards, where numerous sectors have seen new companies appear and returning businesses continue to generate a lot of discussion.

This week, we highlight several contenders that are vying for the top spots in their respective sectors.

With many long-term and prospective investors gathering at Stockhouse, it is always impressive when a fresh face can beat out some of the common favorites to rise up the charts. Whether it be from a rising share opportunity or a shake-up at the corporate level, here are some of the companies that are demanding your attention.

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The Next Abitibi? Canada’s Newest Orogenic Gold District

Our first highlight for this week is on the industrials Bullboards, where among the perennial favorites of Stockhouse, Mission Ready Solutions Inc. (TSX-V:MRS, Forum) has claimed a consistent spot among the top six and has climbed higher on the chart over the last few weeks, gaining a following that is most impressive.

The US-based defense vendor recently appointed Buck Marshall, an executive from the commercial banking sector, as its President and Chief Executive Officer.

PyroGenesis Canada Inc. (TSX-V: PYR, Forum) held on to the top industrial stock spot after releasing big news this week that it has applied to list its common shares on the Toronto Stock Exchange, as a technology company.

The high-tech company received the first payment of roughly. $4.8 million under a $11.5 million contract to provide two of its waste destruction systems, one for each ship of the US Navy’s two-ship build.

Bombardier Inc. (TSX: BBD , Forum) unveiled the newest addition to its diverse business jet portfolio - the Learjet 75 Liberty light jet, now in service with the first delivery to long-time Learjet operator Alex Lyon & Son, an auctioneering firm that operates throughout the United States and beyond.

The speed, range and cabin experience of Learjet aircraft has rivaled other light jets. The Learjet 75 Liberty has a range of 2,080 nautical miles, able to connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop (under certain conditions).

Vancouver, BC-based exploration and development company Northern Dynasty Minerals Ltd. (TSX:NDM, Forum) issued a technical report on its Pebble Project in Alaska, including a revised mineral resource that establishes Pebble, in the words of the company as the single most significant source of Rhenium in the world.

Within the 6.5 billion tonnes, the Pebble deposit contains combined measured and indicated categories:

  • 2.6 million kg of Rhenium
  • 57 billion pounds of copper
  • 71 million ounces of gold
  • 3.4 billion pounds of molybdenum
  • 345 million ounces of silver

Spearmint Resources Inc. (CSE: SPMT, Forum) just completed its phase I work program on its ‘Goose’ Gold project directly bordering the Queensway project under New Found Gold (TSX-V: NFG) in Newfoundland. The company stated that a total of 184 soil samples and 20 rock samples were collected during the Phase I geochemical work program. SPMT noted that soil samples were collected along a high-resolution grid covering the entirety of the property. Prospecting identified volcanic and sedimentary rocks of the Davidsville group with variable quartz-carbonate veined outcrops with local minor sulphides. The Company will initiate a follow up Phase II geochemical program which will focus on the strongest anomalies identified by the Phase I results.

This builds upon other recent developments under SPMT, who also stated recently that it had commenced drilling on its Clayton Valley lithium claystone project directly bordering operations under another popular company on the Mining Bullboards - Cypress Development Corp. (TSX-V: CYP, Forum).

(The Clayton Valley Ownership Map. Image via Spearmint Resources. Click to enlarge.)

Meanwhile, working in BC’s “Golden Triangle” is American Creek Resources Ltd. (TSX-V: AMK, Forum), who announced this week that its board of directors had unanimously approved a spinout of its Dunwell Property, and other properties and assets, to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement.

Under the Arrangement, American Creek will transfer the assets to a wholly owned subsidiary, Stinger Resources Inc., in consideration for 45,000,000 Stinger common shares.

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As mentioned off the top, the markets, much like the general news cycle, have been on a rollercoaster of late and the general sentiment appears to be uneasy around how the markets are doing overall, if last week’s poll results are any indication …

This week’s survey looks at the state of the cannabis market. General valuations showed a lot of potential leading up to legalization in Canada, but since COVID hit, the market has struggled to dig itself out of the same hole practically every other business is working its way out of. Do you see success in its future? Let us know your thoughts by clicking on the image below.

(Click image to vote.)

Still a heavyweight in the cannabis industry, Aphria Inc. (TSX: APHA, Forum) continues to extend its global reach, having just completed its first certified European Union Good Manufacturing Practices shipment of dried flower from its Aphria One EU GMP facility to its wholly-owned German subsidiary, CC Pharma GmbH.

Bullboarders have been tracking this news and its implications, as CC Pharma is a leading distributor of pharmaceutical products to more than 13,000 pharmacies in Germany.

Finally, tech cannabis company Namaste Technologies Inc. (TSX-V:N, Forum) had an interesting week to say the least, with shares jumping between $0.24 to $0.26 in value as investors digested the news.

The cannabis tech company had a rough start to the week after being one of seven companies to be removed from Horizons’ Marijuana Life Sciences Index ETF (TSX: HMMJ).

Horizon’s President and CEO Steve Hawkins commented on this, explaining that Canada's marijuana industry had struggled in Q3 2020 in the face of COVID-19’s continued pressure on businesses and a lack of positive news to buoy the sector.

“Additionally, growing confidence in potentially increasing federal political support for US-based multi-state operators (MSOs) has resulted in net new money in the sector being increasingly allocated to US names rather than the Canadian licensed producers.”

Horizons rebalances its North American Marijuana Index every quarter, with eligible stocks weighted by their respective market capitalization.

(Namaste Technologies Stock Chart - Sept 30 to Oct 7, 2020. Click to Enlarge.)

Namaste did manage to put out some good news this week, announcing the expansion of its Cannabis 2.0 products with the launch of a new butane hash oil (BHO) live resin product line to be sold under the Phyto Extractions brand.

Next week will be a shorter have a shorter one for Canada’s stock market with the Thanksgiving long weekend, but American markets will stay open and so will Stockhouse’s Bullboards.

When you’ve had your fill of food, trimmings, and political debates, come back to Stockhouse for some lively discussion on the hottest stocks around. For previous editions of Buzz on the Bullboards: click here.

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FULL DISCLOSURE: PyroGenesis Canada Inc. is a client of Stockhouse Publishing.

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