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RSD Weekly Recap: Fission Uranium (TSX: FCU), Leading Edge Materials (TSX-V: LEM)

February 27, 2018

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

Gold settled at $1,329 an ounce for a weekly loss of approximately 1.3%.

Silver also settled lower, closing at $16.50 for a weekly loss of 0.7%

The dollar closed at 89.92 for a weekly gain of approximately 0.9%.

Copper pulled back a bit, closing at $3.19/lb. for a weekly loss of approximately 1.2%.

Platinum lost just over 1% and closed at $994

Palladium traded relatively flat, gaining $3 and closing at $1,035 an ounce.

Zinc was also flat and settled at $1.62/lb.

Oil gained just over 3% and closed at $63.55/barrel.

Uranium continues stuck between the $21 and $22 level.

With PDAC right around the corner the news flow has begun to pick up.

Fission Uranium (TSX: FCU)(OTC: FCUUF) announced an updated resource estimate for the Triple R deposit. I spoke with President Ross McElroy who went over the details and outlined the plan for 2018.

Leading Edge Materials (TSX-V: LEM)(OTC: LEMIF) continues to do important work on the critical metals front.

CEO Blair Way provided an update on the company’s 2017 milestones and what to expect in 2018.

That’s it for now. This is Gerardo Del Real with the Resource Stock Digest weekly recap.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 24527.30 0.64%
S&P 500 2651.07 0.54%
NASDAQ 7098.31 0.94%
TSX 14783.06 0.78%
TSX-V 562.25 0.00%

Resource Commodities

Name Last Change
Gold 1245.50 0.04%
Silver 14.74 0.00
Copper 2.77 0.050
Platinum 805.00 2.30%
Oil 51.15 0.98%
Natural Gas 4.14 6.55%
Uranium 28.63 0.42%
Zinc 1.21 0.00%

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