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RSD Weekly Recap: Fission Uranium (TSX: FCU), Hannan Metals (TSX-V: HAN)

January 9, 2018

This is Gerardo Del Real with the Resource Stock Digest weekly recap.

Gold gained 1.4% last week, closing at $1,320 an ounce.

Silver followed, adding 1.4% and closing the week at $17.16 an ounce.

The dollar set a 2-year low, closing below the 92 level at 91.96.

Copper lost nearly 2% and closed at $3.20/lb.

Platinum closed at $968 an ounce, gaining 4.5% for the week.

Palladium closed at $1,092 an ounce for a weekly gain of 2.8%.

Zinc added three cents, closing at $1.53/lb.

Like copper I believe both are heading higher in 2018.

The zinc juniors have mostly lagged the price action which presents a good opportunity to add to quality names.

WTI Oil closed at $61.61/barrel for a weekly gain of 2.5%.

Uranium traded flat for the week, closing at $24/lb.

I’ve been clear since August that I expected 2018 to be an important year for the uranium sector and I recently had the opportunity to chat with Fission Uranium (TSX: FCU) President Ross McElroy.

Fission hit 108 meters of continuous mineralization in drilling designed to collect material for metallurgical samples.

The company is expected to release an updated resource estimate within the month and a PFS by year-end.

Hannan Metals (TSX-V: HAN) CEO Michael Hudson shared details of the recent 41 line kilometer seismic survey completed on the Clare Basin property in Ireland.

Hannan has a solid share structure, experienced management and drills turning. Don’t be surprised if this team delivers a discovery or two this year.

That’s all for this week. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 24629.20 0.68%
S&P 500 2753.17 0.75%
NASDAQ 7700.89 0.16%
TSX 16485.36 0.91%
TSX-V 756.38 0.00%

Resource Commodities

Name Last Change
Gold 1269.10 0.15%
Silver 16.40 0.49%
Copper 3.03 0.020
Platinum 872.00 1.45%
Oil 65.54 0.26%
Natural Gas 2.97 0.37%
Uranium 22.88 0.00%
Zinc 1.37 0.00%

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