The USA economy is trying hard to come back to the pre-pandemic normalcy. January has seen lots of up and down but with increased vaccination rates coronavirus could soon be the talk of the past. Further, people are learning to live with it and adaptation seems to be key. One sector that is starting to pick up pace in our opinion is the mining sector. There is no doubt that mining projects have long lead times required for project completion but the ones that are ahead in the race need attention from Wall Street. Companies with low production costs are the most profitable and least likely to rely heavily on debt to fund growth. Let\u2019s take a look at some of the leaders in the mining space and a new small cap company that could very well be the talk on Wall Street.<\/p>\n
Barrick Gold (NYSE:GOLD), BHP Group (NYSE:BHP) , Rio Tinto (NYSE:RIO), Temas Resources Corp. (OTC US:TMASF), Equinox Gold Corp. (NYSEAMERICAN:EQX), Vale (NYSE:VALE) are top mining stocks are worth taking note and here\u2019s why:<\/p>\n
Barrick Gold (NYSE:GOLD) specializes in gold and copper mining. It is one of the largest gold miners in the world, with operations in more than a dozen countries. It’s also a leading copper producer. Barrick continues to make money during periods of lower price due to its low low-cost gold and steady production of copper. BHP Group (NYSE:BHP) on the other hand is a leader in Diversified mining as well as oil and gas production while Rio Tinto (NYSE:RIO) is ahead of the race in the Industrial metals mining. BHP Group on Monday announced that it planned to purchase four battery electric trains to deliver iron ore from its mines to ports in Western Australia, as miners in the country push to fall in line with their emission goals.<\/p>\n
Let\u2019s take at a look at a small cap mining company Temas Resources Corp. (OTCQB:TMASF) that is making huge strides of development based on recent press releases. There are too many bullish signs to count for this small company. It really could potentially profit from a higher percentage of global commerce than many other companies out there. Temas Resources is an exciting mining and technology company focusing on environmentally friendly mineral processing technology. It has a long-term goal to move from a producer to a royalty and licensing company.<\/p>\n
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Temas received irrevocable right and option to earn up to a 50% undivided interest in its Piskanja Borate Project (the “Property”) located in Serbia. “With all approvals in place we are excited to be able to move forward on the Piskanja Project,” said Michael Dehn, President and CEO of Temas Resources. “Having a cooperative team between Erin Ventures and Temas Resources with a common goal of success for all stakeholders in the companies and the Property should provide benefits to shareholders, local communities, and several levels of governments. Next steps of the work program with the goal of developing a Preliminary Economic Assessment (PEA) will be announced in the coming weeks.”<\/p>\n
Back in July, 2021, TMASF announced that it has engaged Process Research Ortech Inc. (“PRO”) to complete pilot plant testing for Titanium Dioxide (TiO2), Vanadium Pentoxide (V2O5) and Magnetite (Fe2O3) production using the ORF Process for TiO2 extraction, an effective and economically viable process for the recovery of titanium dioxide and other metal oxides from the La Blache deposit. Temas owns 100% of the Fe-Ti-V Project, and 50% of ORF Technologies. In September 2021, Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF, FSE: 26P) announced that it has completed the acquisition of 36 mineral claims in Quebec, the Lac Brule property; 35 claims by staking, and by purchasing one claim. Total cost for staking and acquisition was less than $50,000 in cash and shares.<\/p>\n
The company\u2019s Piskanja Boron Project provides potential access to a treasure trove of Boron that could transform global industries worth trillions in our opinion. Once mining operations begins by 2024, this could be the only functioning Boron mine in the EU. With no long-term debt and heavy insider buying, Temas is a major standout in the junior mining sector. It is particularly active with a laser-like focus on constantly looking for ways to increase shareholder value.<\/p>\n
Chief Executive Officer Michael Dehn emphasizes, \u201cWe don\u2019t want to do things the traditional way.\u201d Dehn continues, \u201cInstead of blindly going forward with how things are always done, look for the opportunity that\u2019s going to give you a quicker return on your investment but also leave a smaller environmental footprint.\u201d<\/p>\n
Temas Resources Corp. (OTCMKTS:TMASF) is Riding The Shoulders of Eco-Friendly Patents and Skyrocketing Efficiencies. In late January this year, the company shook up the world and acquired a significant stake in ORF Technologies. This earth-shaking acquisition could do so much more than just add an exciting new strategic dimension to Temas, though. It could support Temas\u2019 access to patented, cost-efficient, and eco-friendly processes for extracting, separating, and recovering nickel, iron, gold, and titanium dioxide. Additionally, the ongoing development of new patents for the extraction and recovery of rare earth elements and zinc is expected to be completed in 2021.<\/p>\n
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Iron Ore is the Slam-Dunk of Minerals for 2021 and Beyond. According to Goldman Sachs, iron ore has been in a bull market for more than two years, and it\u2019s not about to end soon. \u201cIt would be wrong to say that the bull market for iron ore, you know, is on the cusp of ending,\u201d said Nicholas Snowdon, head of base metals and bulks research at the investment bank.<\/p>\n