Two Advantages Pushing Almadex Minerals Ahead of the Competition

Almadex Minerals (TSX-V: DEX)(OTC: AAMMF) — currently trading around C$0.25 per share — has completed the sale of its net smelter royalty (NSR) on the Elk project to Star Royalties for US$10.63 million, thereby boosting its cash position to C$16.5 million.

The funds will be allocated, in part, to advancing some of the company's core 100%-owned properties in the US, Canada, and Mexico as well as partner-funded projects.

Almadex chairman, J. Duane Poliquin, commented via press release:

“Almadex is now in an excellent position to advance our mineral asset base at minimal dilution to shareholders. The sale of the Elk property royalty surfaces some of the value of our large latent royalty portfolio and enables us to focus on our core strength of mineral exploration. Our exploration activities over the years have generated meaningful discoveries and resulted in royalty creation and equity holdings in partner companies. We have a number of quality targets which we intend to advance ourselves or in partnership with others, as well as several other properties being advanced by option partners. We look forward to reporting to shareholders on the progress at many of these properties over the coming months.” 

As you’re about to discover via our own Gerardo Del Real’s exclusive interview with Almadex CEO, Morgan Poliquin, not only does the company have an impressive portfolio of exploration-stage projects throughout the Americas, it also boasts the advantage of owning its own diamond drill rigs.

Very, very few junior resource companies can say the same thing. And that creates a distinct advantage where the Almadex team is able to pick and choose where it wishes to drill without having to line up drill contractors, which can be both expensive and, at times, difficult to secure.

With the closing of the NSR sale to Star Royalties, the company’s entire market capitalization of roughly C$15.5 million is now essentially backed by cash, which is yet another advantage very few juniors can claim. 

You can enjoy that interview by clicking here.

On a related topic, as you’re no doubt aware, the price of uranium along with select uranium equities have been going gangbusters of late, including some very solid winners for Gerardo’s Junior Resource Monthly portfolio. 

Gerardo has a lot to say about the uranium sector and how to position for even more near-term gains. He cautions that it’s a market that always eventually overshoots… so the idea is to get in fast and get out relatively fast as well… with a much fatter wallet to-boot! 

Gerardo has a brand new uranium recommendation out to his Junior Resource Monthly subscribers — click here to watch a brief video presentation on this undiscovered uranium junior with an impressive asset base on US soil. 

And click here for our feature report on Almadex Minerals. 

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

 

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