Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Best Mining Stocks to Invest in on the TSXV?

What are the best mining stocks to invest in? Wouldn’t we all like to know.

A good place to start is the TSX Venture Exchange. Every year it releases its annual Venture 50 list, a ranking of the 10 top-performing companies in five sectors: mining, life science and clean technology, oil and gas, diversified industries and technology.

The companies selected for the Venture 50 list are chosen based on the equally weighted criteria of trading volume, market capitalization growth and share price appreciation.

5. Standard Lithium (TSXV:SLL)

Fifth place on this list belongs to Standard Lithium, a company that saw 289-percent growth in share price and an even stronger 988-percent growth in market cap between 2016 and 2017.

Standard Lithium has two primary projects on the go: Bristol Dry Lake in California, and Smackover in Arkansas. Bristol Dry Lake is a 35,000-acre lithium project, and the company says Smackover could be one of the lithium industry’s most promising regions to develop given the potential resource size and existing large-scale production infrastructure.

In May, the company signed a memorandum of understanding with chemical company LANXESS for the testing and development of the Smackover project. More recently, Standard Lithium provided an update on the resource estimates in progress at its two assets.

4. First Cobalt (TSXV:FCC)

Coming in fourth place on this best mining stocks list is First Cobalt, a company primarily focused on cobalt. The BC-based company showed strong growth between year-end 2016 and 2017 with a share price change of 218 percent and a market cap change of 2,660 percent, the highest of any mining company on the Venture 50 list this year.

The company’s primary focus in 2017 was its Greater Cobalt project, which encapsulates over 10,000 hectares of prospective land. A maiden drill program of 7,000 meters was completed there, and the company has since reported high-grade mineralization.

First Cobalt has had a busy year in 2018, announcing the acquisition of US Cobalt back in March for C$149.9 million. First Cobalt also began trading on the OTCQX in April, under the ticker FTSSF. In July, the company added two drill rigs to its Iron Creek cobalt project in Idaho in an effort to accelerate drilling.

3. Metallis Resources (TSXV:MTS)

Metallis Resources, which is focused on gold, silver, copper and nickel, claimed third place for best mining stocks. Its market cap jumped 1,300 percent between year-end 2016 and 2017.

The company’s primary project is the Kirkham property, part of BC’s Eskay Camp and the Golden Triangle; it acquired the asset in 2013. Drilling for 2017 began in August, and unveiled notable discoveries, including a 3-kilometer stretch of continuous copper-gold mineralization.

Fast forward to July 2018, and Metallis had begun trading on the OTCQB under the ticker MTLFF. Later that month, it announced the start of Phase I drilling at Kirkham. It will test several high-priority targets.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 26657.00 0.94%
S&P 500 2930.75 0.78%
NASDAQ 8028.23 0.97%
TSX 16214.75 0.40%
TSX-V 720.25 0.00%

Resource Commodities

Name Last Change
Gold 1208.98 0.15%
Silver 14.38 0.42%
Copper 2.72 0.010
Platinum 836.00 0.05%
Oil 70.80 0.45%
Natural Gas 2.98 2.28%
Uranium 27.25 0.29%
Zinc 1.09 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest