At this point in time, the metals sector is booming thanks to the sharp focus brought on many commodities due to the Russian invasion of Ukraine and the resulting shortages.
Following the recent market correction where the junior mining sector was hit particularly hard, there are plenty of metals stocks that investors could consider looking into this week. Today we are going to bring to your attention CMC Metals (CMB.V), which could well prove to be an interesting proposition for investors. It may be a good idea to take a look at some of the key factors that may make CMC Metals a stock to put on the watch list.
One of the most important aspects about the company’s operations at this point in time is the fact that the company is active in advancing its Blue Heaven and Silver Hart properties. The properties are located in Yukon and CMC Metals is working on growing the resources at those properties steadily by way of claim acquisitions as well as exploration activities.
While this remains the core of the company’s high-grade silver business, it ought to be noted that CMC Metals is a multi-project operator with silver, copper and zinc assets located strategically across Canada, one of the safest mining jurisdictions on earth. It remains actively involved with the growth of many other assets, which are of the non-core variants and that is an indication that the company’s management is keen to create value for shareholders in any way possible.
In this context, investors need to keep in mind that the main aim of the company is to begin engineering studies at the two above-mentioned properties. As per the latest news with regard to the properties, the company has managed to complete the bulk sampling work and has also managed to conclude the necessary metallurgical testing at the Silver Hart property specifically. If the drill results prove to be strong then it could unlock considerable value for shareholders eventually.
Finally, investors need to remember that the grade of the deposits that are found at the Silver Hart project is possibly going to be the most important factor with regard to the future of the company’s stock. It is regarded as a high-grade target as per most tests and on top of that CMC Metals has added to the number of high-grade targets to its portfolio after adding the Blue Heaven claim. It now remains to be seen how everything comes along but CMC Metals may just be a mining company that may be on the radars of investors in the coming months.
