FAR Resources Ltd.

Featured Company / FAR Resources Ltd.

Long before Joe Biden was sworn in as the 46th U.S. President a couple weeks ago, there was a groundswell of support for the electrification of vehicles and renewable energies. With Biden now in the Oval Office and Democrats in control of Congress, these markets are overflowing with bullishness based upon campaign promises, including a $2 trillion infrastructure Build, Back Better plan centered on implementing new technology and energy sources, along with a nationwide network of EV charging stations.

General Motors recently proclaimed its dedication to the EV market, saying it will stop manufacturing gas and diesel-powered cars by 2035. The major automaker this month reached a tentative agreement with Unifor that will see GM invest about C$1 billion in its assembly plant in Ontario to produce its EV600 electric van. The reality is that GM is adding to a growing choir of voices from carmakers worldwide setting aggressive targets to phase-out fossil-fueled vehicles over the next decade or so.

Green tech stocks like Facedrive (TSX-Venture:FD) are enjoying a nice ride upward, Tesla (NASDAQ:TSLA) now has two analysts forecasting it to cross $1,000 per share, FuelCell Energy (NASDAQ:FCEL) is printing two-year highs and investors are looking for ways to get exposure to market segments with big upside still. Some of the biggest upside opportunities might mean looking down, as in down into the ground to the industrial metals – and the companies that produce them – that are integral to the EV and rechargeable battery and energy storage markets.

FAR Resources Ltd. (CSE:FAT) (OTC:FRRSF) is in the thick of this space, advancing its 3,603-hectares Zoro Lithium Property located in east-central Manitoba 20 kilometers east of the historic mining town of Snow Lake. The region is extremely mining friendly and complete with all requisite infrastructure, including rail, power, water and skilled workers.

Over the years, the company has amassed a large position in some of the most lithium-rich land in the country, comprised of Zoro and the 1,849-hectares Hidden Lake lithium project located approximately 45 kilometers east-northeast from Yellowknife. Hidden Lake hosts lithium-bearing pegmatite dykes that are part of the larger Yellowknife Pegmatite District which have been described as the largest lithium resource in Canada with a minimum of 55,000,000 US tons at 1.41% L2O primarily as spodumene.

Due to its high lithium content usually ranging up to 6-7% Li2O, spodumene is considered the most important lithium ore mineral.

Adding to its upside opportunity, FAR is a diversified explorer also developing the Winston Gold Project in the historic Black Range Mining District of New Mexico. Winston positions FAR to capitalize on what most expect to be a protracted rise in gold values once all the money printing for stimulus money and ultra-easy monetary policy starts to catch up to the U.S. economy.

Gold hit an all-time high at $2,089 per ounce in August and continues to hold over $1,800 today despite low inflation. Silver is near an 8-year high and enjoying a new rally on the Reddit phenomenon.

If Biden is going to follow through on his Build Back Better pledge, there will be rising demand for critical metals like cobalt and lithium necessary to manufacture solar panels and EV batteries. With GM Canada earmarking a billion dollars for the Ontario plant and the concerted effort of the Biden administration, the writing is on the wall that EV uptake should accelerate in the coming years.

FAR CEO and President John Gammack summarized the environment succinctly in saying, “With the demand for lithium ever increasing, FAR Resources is well-positioned to meet such demand,” adding that an upcoming spring drilling program at Zoro is “timed perfectly.”

Zoro has impressive data to date collected through 8,500 meters of drilling and $5.0+ million in exploration that have the investment community buzzing. Grades have been reported up to 1.4% Li2O across 49.8 meters. Unlike salt flats that produce lithium through an evaporative process, hard rock lithium mining can deliver significant byproducts. The initial estimate at Zoro shows 182 ppm Be (Beryllium), 198 ppm Cs (Cesium), 51ppm Ga (Gallium), 1,212ppm Rb (Rubidium), and 43ppm Ta (Tantalum) at a cut-off of 0.3% Li2O. Niobium (used with Ta in superalloys) has also been reported at Zoro.

What’s particularly compelling is the fact that the maiden resource estimate only covers part of Dyke 1 out of 13 lithium-bearing pegmatite dykes identified at the project. Moreover, Dyke 1 remains open at depth and to the north and south, where additional exploration is ongoing.

For most upstarts, the lithium assets alone are a great investment thesis. As mentioned, though, FAR is also advancing its Winston Gold project in the U.S. The Black Range has a long history of producing gold and silver going back to the 19th Century, when miners exploited small, high grade oxidized deposits by hand. Since, the area has gone through sporadic revivals during times when gold and silver prices increased. To that point, once again FAR is spot on with its timing.

The project includes past-producing mines named Little Granite and Ivanhoe-Emporia. Two site visits have been completed in recent years, along with reconnaissance geological mapping, sampling and surveying. FAR intends to initiate a $300,000 phase 1 diamond drill program at Little Granite to better understand the low sulphidation epithermal quartz vein structure (similar to Midas in Nevada). Past drilling, underground workings and more have traced the main vein for over 200 meters – which remains open on strike and at depth – with reports that the vein widens to 10 feet at depth.

The recent exploration has identified new zones at the project.

There is good reason for investors to be excited for new work at Winston considering two samples taken from quartz dump material in the 2013 returned values of 179 g/t Ag and 2.9 g/t Au and 170 g/t Ag and 6.7 g/t Au, respectively. These samples are believed to be from the upper part of the system, while a third sample returning 1,439 g/t Ag and 25.2 g/t Au is believed to be from one of the system’s shoots, suggesting there is “bonanza grade” opportunity at Winston.

While the 2013 results are encouraging, the company just shared with investors on February 2nd, 2021 recent sampling data from their wholly-owned Winston Project, and the results were spectacular. High grade gold and silver values were confirmed from three historic mines, Ivanhoe, Emporio and Little Granite, in the south part of the company’s land holdings. Twenty ore characterisation samples from these three mines returned peak values of 66.5 g/t gold and 2940 g/t silver from Little Granite, 26.8 g/t gold and 1670 g/t silver from Ivanhoe and 46.1 g/t gold and 517 g/t silver from Emporio

Speaking to the strong results, John Gammack, CEO and President of FAR Resource stated, “To say that I’m over the moon is an understatement! Additionally, we will be providing further widespread sampling results in future news releases in the weeks to come.”

Altogether, a perfect storm looks to be brewing at FAR Resources. The future for lithium demand looks bright. Even better, FAR is looking to mine spodumene, the highest-grade most treasured lithium available. The entire industry is taking shape, underscored by governments and automakers aggressively pushing to get more EVs on the roads. None of those cars are going to be made without lithium. And then there’s the gold assets in what could be simply a gold-realization story about re-opening mines that left ounce after ounce of high-grade gold and silver behind with their artisanal methods. With gold and silver expected to keep rising – Bank of America sees the potential for $3,000/ounce gold – it’s not surprising that investors are starting to recognize the opportunity in FAR and jumping in, putting the stock in a strong uptrend ahead of more drilling programs.

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As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.

Corporate Snapshot:
FAR Resources Ltd.
Stock Symbol: FAT:CNX
Stock Exchange: CSE
Sector: Natural Resources
52 Week High: $0.3100
52 Week Low: $0.0200
Alt Exchange/Ticker: OTC:FRRSF

Current Stock Quote / Chart / News: Click here

Information as of February 02, 2021

Long before Joe Biden was sworn in as the 46th U.S. President a couple weeks ago, there was a groundswell of support for the electrification of vehicles and renewable energies. With Biden now in the Oval Office and Democrats in control of Congress, these markets are overflowing with bullishness based upon campaign promises, including a $2 trillion infrastructure Build, Back Better plan centered on implementing new technology and energy sources, along with a nationwide network of EV charging stations.

General Motors recently proclaimed its dedication to the EV market, saying it will stop manufacturing gas and diesel-powered cars by 2035. The major automaker this month reached a tentative agreement with Unifor that will see GM invest about C$1 billion in its assembly plant in Ontario to produce its EV600 electric van. The reality is that GM is adding to a growing choir of voices from carmakers worldwide setting aggressive targets to phase-out fossil-fueled vehicles over the next decade or so.

Green tech stocks like Facedrive (TSX-Venture:FD) are enjoying a nice ride upward, Tesla (NASDAQ:TSLA) now has two analysts forecasting it to cross $1,000 per share, FuelCell Energy (NASDAQ:FCEL) is printing two-year highs and investors are looking for ways to get exposure to market segments with big upside still. Some of the biggest upside opportunities might mean looking down, as in down into the ground to the industrial metals – and the companies that produce them – that are integral to the EV and rechargeable battery and energy storage markets.

FAR Resources Ltd. (CSE:FAT) (OTC:FRRSF) is in the thick of this space, advancing its 3,603-hectares Zoro Lithium Property located in east-central Manitoba 20 kilometers east of the historic mining town of Snow Lake. The region is extremely mining friendly and complete with all requisite infrastructure, including rail, power, water and skilled workers.

Over the years, the company has amassed a large position in some of the most lithium-rich land in the country, comprised of Zoro and the 1,849-hectares Hidden Lake lithium project located approximately 45 kilometers east-northeast from Yellowknife. Hidden Lake hosts lithium-bearing pegmatite dykes that are part of the larger Yellowknife Pegmatite District which have been described as the largest lithium resource in Canada with a minimum of 55,000,000 US tons at 1.41% L2O primarily as spodumene.

Due to its high lithium content usually ranging up to 6-7% Li2O, spodumene is considered the most important lithium ore mineral.

Adding to its upside opportunity, FAR is a diversified explorer also developing the Winston Gold Project in the historic Black Range Mining District of New Mexico. Winston positions FAR to capitalize on what most expect to be a protracted rise in gold values once all the money printing for stimulus money and ultra-easy monetary policy starts to catch up to the U.S. economy.

Gold hit an all-time high at $2,089 per ounce in August and continues to hold over $1,800 today despite low inflation. Silver is near an 8-year high and enjoying a new rally on the Reddit phenomenon.

If Biden is going to follow through on his Build Back Better pledge, there will be rising demand for critical metals like cobalt and lithium necessary to manufacture solar panels and EV batteries. With GM Canada earmarking a billion dollars for the Ontario plant and the concerted effort of the Biden administration, the writing is on the wall that EV uptake should accelerate in the coming years.

FAR CEO and President John Gammack summarized the environment succinctly in saying, “With the demand for lithium ever increasing, FAR Resources is well-positioned to meet such demand,” adding that an upcoming spring drilling program at Zoro is “timed perfectly.”

Zoro has impressive data to date collected through 8,500 meters of drilling and $5.0+ million in exploration that have the investment community buzzing. Grades have been reported up to 1.4% Li2O across 49.8 meters. Unlike salt flats that produce lithium through an evaporative process, hard rock lithium mining can deliver significant byproducts. The initial estimate at Zoro shows 182 ppm Be (Beryllium), 198 ppm Cs (Cesium), 51ppm Ga (Gallium), 1,212ppm Rb (Rubidium), and 43ppm Ta (Tantalum) at a cut-off of 0.3% Li2O. Niobium (used with Ta in superalloys) has also been reported at Zoro.

What’s particularly compelling is the fact that the maiden resource estimate only covers part of Dyke 1 out of 13 lithium-bearing pegmatite dykes identified at the project. Moreover, Dyke 1 remains open at depth and to the north and south, where additional exploration is ongoing.

For most upstarts, the lithium assets alone are a great investment thesis. As mentioned, though, FAR is also advancing its Winston Gold project in the U.S. The Black Range has a long history of producing gold and silver going back to the 19th Century, when miners exploited small, high grade oxidized deposits by hand. Since, the area has gone through sporadic revivals during times when gold and silver prices increased. To that point, once again FAR is spot on with its timing.

The project includes past-producing mines named Little Granite and Ivanhoe-Emporia. Two site visits have been completed in recent years, along with reconnaissance geological mapping, sampling and surveying. FAR intends to initiate a $300,000 phase 1 diamond drill program at Little Granite to better understand the low sulphidation epithermal quartz vein structure (similar to Midas in Nevada). Past drilling, underground workings and more have traced the main vein for over 200 meters – which remains open on strike and at depth – with reports that the vein widens to 10 feet at depth.

The recent exploration has identified new zones at the project.

There is good reason for investors to be excited for new work at Winston considering two samples taken from quartz dump material in the 2013 returned values of 179 g/t Ag and 2.9 g/t Au and 170 g/t Ag and 6.7 g/t Au, respectively. These samples are believed to be from the upper part of the system, while a third sample returning 1,439 g/t Ag and 25.2 g/t Au is believed to be from one of the system’s shoots, suggesting there is “bonanza grade” opportunity at Winston.

While the 2013 results are encouraging, the company just shared with investors on February 2nd, 2021 recent sampling data from their wholly-owned Winston Project, and the results were spectacular. High grade gold and silver values were confirmed from three historic mines, Ivanhoe, Emporio and Little Granite, in the south part of the company’s land holdings. Twenty ore characterisation samples from these three mines returned peak values of 66.5 g/t gold and 2940 g/t silver from Little Granite, 26.8 g/t gold and 1670 g/t silver from Ivanhoe and 46.1 g/t gold and 517 g/t silver from Emporio

Speaking to the strong results, John Gammack, CEO and President of FAR Resource stated, “To say that I’m over the moon is an understatement! Additionally, we will be providing further widespread sampling results in future news releases in the weeks to come.”

Altogether, a perfect storm looks to be brewing at FAR Resources. The future for lithium demand looks bright. Even better, FAR is looking to mine spodumene, the highest-grade most treasured lithium available. The entire industry is taking shape, underscored by governments and automakers aggressively pushing to get more EVs on the roads. None of those cars are going to be made without lithium. And then there’s the gold assets in what could be simply a gold-realization story about re-opening mines that left ounce after ounce of high-grade gold and silver behind with their artisanal methods. With gold and silver expected to keep rising – Bank of America sees the potential for $3,000/ounce gold – it’s not surprising that investors are starting to recognize the opportunity in FAR and jumping in, putting the stock in a strong uptrend ahead of more drilling programs.

About AllPennyStocks.com:

AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.

As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.


Forward Looking Statements

This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. FAR Resources Ltd. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause FAR Resources Ltd.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for FAR Resources Ltd. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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