Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Lomiko Metals ( (TSE:LMR) ) has provided an update.
Lomiko Metals Inc. has entered into a definitive agreement to acquire the Yellow Fox property in central Newfoundland, which includes 28 mineral claims covering 7 square kilometers. This acquisition aligns with Lomiko’s strategy to expand its portfolio of critical minerals, particularly antimony, which has seen a significant price increase due to its strategic importance and recent export restrictions by China. The property, which shows early-stage exploration potential for antimony, gold, and silver, could contribute to the North American critical minerals supply chain if exploration proves successful.
More about Lomiko Metals
Lomiko Metals Inc. operates in the critical minerals industry, focusing on the development and acquisition of minerals such as antimony, silver, and gold. The company aims to position itself as a leading critical minerals developer in Canada and North America, leveraging the growing demand for strategic metals.
YTD Price Performance: -11.11%
Average Trading Volume: 7,062
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.58M
See more data about LMR stock on TipRanks’ Stock Analysis page.
