NOTE: Not a recommendation to buy or sell stocks
The TFSA Letter Stock List is simply a list of stocks for a Tax Free Savings Account that could generate substantial capital gains. Stocks listed can be dropped or added back without notice depending on news flow and stock price changes. SOME STOCKS MAY BE SOLD IF STOCK RUNS UP BUT WILL REMAIN ON THE LIST IF THE STORY IS STILL GOOD AND THEY MAY BE BOUGHT BACK AGAIN IF STOCK DROPS TO ATTRACTIVE PRICE. DO YOUR OWN DUE DILIGENCE
Information on TFSA Letter Listed Stocks will be updated weekly…. Daily updates or news will be made on Twitter – @LetterTfsa
***ALERT – Where current stock price is shown in blue, stock has had a significant run since being listed and could be sold by TFSA Letter***
*Average Performance of Stocks in 2020 TFSA Stock List*
NOTE: Have added the – or + change in the stock price since last week’s price
Stocks (Stock Price When Listed) Current Stock Price Update
Aftermath Silver – AAG ($.285) – $1.23 (-$.02) – advised that the NI 43-101 technical report for the Challacollo Mineral Resource Estimate announced on December 15, 2020, titled “Challacollo Silver-Gold Mineral Resource Estimate” with an effective date of December 15, 2020 has been filed under the Company’s profile on SEDAR.
ArcPacific Resources – ACP ($.08) – $.09 – announced it has completed an extensive data compilation program resulting in the identification of highly elevated gold, copper and silver occurrences spread across the 8,136 hectare Lucky Mike Silver Lode Project. The work program compiled all available data including 75 separate reports dating back as far as the 1950’s into a single merged database. This data includes 11,306 rock, soil, silt and core samples containing 280,716 values for multiple elements, and multiple historic geophysical surveys. ArcPacific is utilizing this information to perform extensive and in-depth detailed analysis which is presently underway.
Adriatic Metals – ADT.AX (AUS$2.05) – AUS$2.26 (+AUS$.09) – announced that it has received the Veovaca Exploitation Permit from the Federal Ministry for Energy, Mining and Industry (“FMERI”). The receipt of the Permit initiates the formal exploitation period for the project, which under the terms of the Concession Agreement is up to 30 years. As the Concession Agreement covers both Beovaca and Rupice , the security of tenure applies to both the Veovaca open pit and plant areas, as well as the Rupice underground mine areas.
Adamera Minerals – ADZ ($.04) – $.075 (-$.01) – announced this achievements: Formed a joint venture with senior mining company Hochschild Mining LLC to fund exploration on the Cooke Mountain gold project for the foreseeable future; Significant exploration conducted by the JV to establish and prioritize drill targets for 2021; Additional land staked by the JV to explore new areas of exploration interest; Staked the Buckhorn 2.0 gold project, a 9,100-acre land package surrounding the recently closed Buckhorn gold mine operated by Kinross Gold; New appointments to the Board and Advisory team, a reflection of the value of the Cooke Mountain and Buckhorn 2.0 assets.
Artemis Gold – ARTG ($5.55) – $5.99 (+$.01) – presented key findings from ongoing metallurgical test work conducted that further support the upcoming Definitive Feasibility Study for the company’s Blackwater Gold Project in Central British Columbia, Canada. This latest campaign of test work continues to support the 93% life-of-mine gold recovery that was applied in the recently completed Pre-Feasibility Study dated August 26, 2020 entitled “Blackwater Gold Project British Columbia NI 43-101 Technical Report on Pre-Feasibility Study” filed on SEDAR by Artemis on September 18, 2020.
Aston Minerals (formerly European Cobalt) – ASO.AX – (A$.049) – A$.032 (-$.003) – announced that it has signed an exclusive option agreement to acquire 100% of the Edleston Gold Project located in Ontario, Canada. Managing Director, Mr Rob Jewson commented “The Edleston Gold Project is an advanced exploration opportunity with particularly exciting exploration upside potential. The work done to date has outlined a significant mineralised system which can be effectively targeted using IP geophysics. To date only 540m of strike has been tested along a corridor with multiple moderate to strong IP conductors delineated along a total strike exceeding 3,300m. The extent of these anomalies at present are constrained by the extent of the IP surveys.” In excess of CDN$10M has been spent to date on primarily geophysical and drilling activities across the Edleston Project by 55 North Mining Inc (formerly SGX Resources Inc). Due to the lack of outcrop at surface, exploration has largely been driven by a combination of detailed magnetics to define the structural and lithological framework.
1911 Gold – AUMB ($.26) – $.50 (+$.045) – provided an update on the ongoing 18,000-metre drilling program on the 100% owned Rice Lake properties in Manitoba. The Phase II drilling program is primarily focused on testing high-grade targets in the Bidou and Tinney project areas that were identified in first pass drilling during the 2019-2020 Phase I program and were further delineated by 2020 field season results. A total of 6,075 metres in 24 drill holes have been drilled, with assays received for the first 1,779 metres from 6 drill holes
Bond Resources – BJB ($.16) – $.18 (+$.02) – announced that it has closed its non-brokered private placement, raising $2,366,392 in gross proceeds through the issuance of 15,775,947 units at a price of $0.15 per Unit. Each Unit is comprised of one common share and one common share purchase warrant, with each whole Warrant entitling the holder to purchase one common share of Bond at a price of $0.40 per share for a period of 2 years. Proceeds from the Financing will be allocated primarily towards the Company’s Mary K Project in Idaho, including bulk sample underground work and ore processing, and payment to property owners.
Condor Resources – CN ($.165) – $.26 (-$.02) – announced that it has concluded an agreement with Calipuy Resources Inc. whereby Calipuy will purchase Condor’s wholly owned Peruvian subsidiary, Minas Lucero del Sur S.A.C. MLDS is a sole purpose company, and the owner of the Lucero project located in the Arequipa Department of Peru. Consideration is US$3.5 million, payable over five years. Should the price of gold be over US$2,500/ounce at the time of the final payment, total consideration will increase to US$4.0 million; and should the price of gold be over $3,000/ounce at the time of the final payment, the total consideration will increase to US$6.0 million. Calipuy have the option to compress the payment schedule to three years, and in such event, the total consideration will be US$3.0 million. Condor has received the initial payment of US$90,000.
Canada Nickel – CNC ($.51) – $2.44 (+$.17) – has held talks with U.S. government officials about potentially supplying nickel for electric car batteries, its chief executive said, amid mounting concern in Washington about China’s dominance of global supply chains. “It’s become very clear that there’s large portions of the periodic table for which the United States has no local source of supply,” Canada Nickel chief executive Mark Selby said in an interview. He confirmed the talks but declined further comment.
Cornish Metals – CUSN ($.125) – $.225 – (+$.05) – announced that, further to its announcement on January 13, 2021, the Company has conditionally raised £8.0 million through a placing and subscription of common shares with new and existing investors, and an additional investment of approximately £206,000 through an offer to high net worth investors by Minexia Limited, representing an aggregate £8.2 million (approximately C$14.37 million based on February 4, 2021 exchange rate).
Delic Holdings – DELC ($.64) – announced that it has retained the services of IDR Marketing, Inc. to provide public relations strategies, brand awareness, financial, and digital marketing services to the Company. The marketing awareness services provided by IDR will be aimed at maintaining and building the profile of DELIC Inc through traditional press initiatives, advertising directives and social media strategies. Matt Stang, Co-Founder and CEO of DELIC, states, “With the recent milestones we have achieved, we believe it’s time to deliver our message to existing and prospective shareholders to maximize our value. IDR has a proven track record of creating media, content and wide-scale distribution in the microcap space and we are confident it will assist in our efforts to grow our profile in North America.”
Dore Copper – DCMC ($.85) – $.84 (+$.02) – announced that it has entered into an agreement with Cormark Securities Inc., as lead agent, on behalf of itself and a syndicate including Paradigm Capital Inc., in connection with a “best efforts” private placement of up to 11,110,000 common shares of the Corporation that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) at a price of C$0.90 per Flow-Through Share for aggregate gross proceeds of up to C$9,990,000.
Dios Exploration – DOS ($.095) – $.075 – completed six drill holes totaling 1761 meters testing 3 different geophysical targets (PP1, PP2, PP5) over a 500m by 1.5 km sector in non-outcropping WI-TARGET area. Many mineralized altered zones were observed in the core. Part of core samples is already sent for gold assaying in Val d’Or ALS. two more holes are planned on PP5 and two more on ATTILA target located 7km east.
Dolly Varden – DV ($.275) – $.71 (-$.02) – announced the acquisition of surface rights and fee simple lands within the community of Alice Arm located on the Pacific Ocean in Northwest BC, in support of exploration infrastructure. The town of Alice Arm was originally developed in the early 1900’s to support silver mining in the area.
Cartier Resources – ECR ($.15) – $.265 (-$.01) – commenced drilling on the Benoist Property, located 65 km northeast of Lebel-sur-Quévillon in the province of Québec. The program follows the maiden NI 43-101 Resource Estimate published December 17th 2020. Two drill rigs with directional drilling crews will be employed to complete the four-phase program for a total of roughly 30,000 m.
FenixOro Gold – FENX ($.245) – $.30 (+$.015) – announced a non-brokered private placement consisting of (“Units”) at a price of $0.30 per Unit for anticipated gross proceeds of approximately $1,000,000. The Private Placement is being subscribed for by a small number of significant shareholders of the Company. Each Unit will consist of one common share of the Company and one whole common share purchase warrant, with each warrant being exercisable for one additional common share at an exercise price of $0.35 for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance. The Company intends to use the net proceeds of the Private Placement to continue its Phase 1 drilling program at the Abriaqui Project and for general working capital purposes.
Fremont Gold – FRE – ($.07) – $.08 – announced that it has amended the terms of the option agreement relating to the Griffon gold project, a past-producing gold mine located at the southern end of the Cortez Trend in White Pine county, Nevada. In December 2019, Fremont entered into an option agreement with Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., to acquire 100% of Griffon. Both Pilot and Liberty are arms length to the Company.
Angus Gold – GUS ($.80) – $.67 (+$.07) – announced that it has completed the acquisition of the Macassa Creek, Mishi Lake and Abbie Lake Properties from Argo Gold Inc. previously announced in the Company’s November 16, 2020 news release. Under the terms of the purchase agreement, Argo received a cash payment of $100,000 and 800,000 common shares of Angus in exchange for 100% ownership in the Properties.
Highland Copper – HI ($.075) – $.075 (+$.005) – announced that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company, a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to March 31, 2021. The final closing of the acquisition is subject to a number of conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and replacing the related environmental bond. The Company is advancing the various steps required for the closing and aims to complete the acquisition of the White Pine North Project by the end of January, contemporaneously with the exercise by Osisko Gold Royalties Ltd of its silver royalty option (see news releases of September 11, 2020 and November 2, 2020).
Kalamazoo – KZR.AX (Australia) – (A$.79) – A$.53 (+$.005) – identified a broad epizonal gold-antimony mineralised system, at its South Muckleford Project that is similar to that seen at the nearby Fosterville and Corsterfield deposits in Central Victoria.
Minera Alamos – MAI ($.66) – $.59 – announced that it has filed on SEDAR the results of the independent Technical Report and estimate of the Mineral Resources for the Cerro de Oro Project in Zacatecas, Mexico. The results of the resource estimate were previously discussed in the Company’s news release dated November 17th, 2020 and the report is effective as of November 16th, 2020
Metals X – MLX.AX (Australia) (A$.076) – A$.17 – announced that it, along with its wholly owned subsidiary, Paterson Copper Pty Ltd, has entered into a binding terms sheet with Capircorn Copper Holdings Pty Ltd and its parent entity, EMR Capital Investment (No6B) Pte Ltd, detailing the material terms and timing for payment of the A$10 million Conditional Copper Price Payment pursuant to the Mt Gordon Sale Agreement for the now-named Capricorn Copper Mine *Spot price of tin AUS $31,258/t – +AUS $293/t
Mydecine Innovations – MYCO ($.44) – $.50 (-$.02) – announced that it is sponsoring a study titled: “Facilitating extinction of fear with psilocybin: Model development of biomarkers and mechanisms,” at the University of Maryland School of Medicine in Baltimore, Maryland. The research, led by Principal Investigator Dr. Jaylyn Waddell, Assistant Professor of Neuroscience, will be testing a novel hypothesis on the mechanism of psilocybin action in a lab setting. The goal of the research is to get a pointed understanding of the heightened plasticity that permits the therapeutic response to psilocybin in order to obtain a better understanding of when, where and how psilocybin is most appropriate for use in human therapeutics.
Northisle Copper and Gold – NCX ($.12) – $.345 (-$.005) – announced 2020 achievements including expanding the Board and executive team, closing an oversubscribed $3.2 million financing of common shares and completing key metallurgical studies on the North Island Project. The upcoming PEA will reflect several updates and improvements to the previously completed study including: Red Dog copper and gold recovery estimate increased to 89.8% and 53.0%, respectively; Hushamu copper and gold recovery estimate increased to as much as 87.9% and 50.8%, respectively; Inclusion of silver and rhenium recoveries; Updated capital and operating costs, metal prices and exchange rate forecasts; Activity will continue to accelerate in 2021 with advancement of discussions with Indigenous nations and community engagement activities, initiating PFS work at the North Island Project as well as an aggressive exploration program on high potential targets
NeonMind Biosciences – NEON – ($.235) – $.25 (-$.02) – announced the appointment of accomplished pharmaceutical executive Robert Tessarolo as its President and Chief Executive Officer. Mr. Tessarolo has 25 years of experience in the pharmaceutical industry. Most recently, he held the position of President and Chief Executive Officer of Mind Medicine (Mindmed) Inc., a psychedelic drug discovery and drug development company now traded on the NEO exchange, from September 2019 to January 2020. Prior, Mr. Tessarolo was President and Chief Executive Officer of Cipher Pharmaceuticals Inc
Precipitate Gold – PRG ($.125) – $.22 (+$.01) – announced receipt of the government issued permit for diamond drill testing within the Company’s Copey Hill Zone at its 100% owned Ponton Project located approximately 25 kilometres due east of Barrick’s world-class Pueblo Viejo mining operation and the Company’s Pueblo Grande project in the Dominican Republic. The Ministry of Environment and Natural Resources of the Dominican Republic has approved the Company’s application and granted a permit for drilling from a total of 10 drill platforms at various key locations within the Ponton Project’s Copey Hill Zone. Multiple holes can be collared and drilled from each platform, allowing for the potential for a significant number of possible holes. Importantly, Precipitate has also secured surface access authorizations from local private surface rights landholders, giving the Company access to initiate ground preparations in advance of drilling.
Quebec Precious Metals – QPM ($.25) – $.235 (+$.005) – announced that it has received recently a payment of $ 1,125,000 from Lomiko Metals Inc. (“LMR”) in connection with the acquisition by LMR of an additional undivided 20% interest in the La Loutre graphite project’s mining rights forming part of the project. LMR now owns 100% interest in the project. In addition, QPM has also been issued 1,000,000 LMR common shares as part of the transaction. Normand Champigny, CEO of QPM, stated: “The monetization of our non-core assets provides funding for the Company’s exploration program at its 100%-owned Sakami gold project and other gold projects in the James Bay area, with no dilution for our shareholders.” Other non-core assets that the Company expects to monetize over the short and medium term are: Kipawa (rare earths and including the Zeus claims), Matheson Joint Venture (gold, Ontario) and Somanike (nickel).
Rockcliff – RCLF ($.07) – $.07 (+$.005) – announced the filing on SEDAR of the Preliminary Economic Assessment and accompanying Technical Report for the Company’s 100% owned Tower and Rail Project. The report, entitled “NI 43-101 Technical Report Preliminary Economic Assessment of the Tower and Rail Project, Manitoba Canada” is dated January 12, 2021 and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of BESTECH.
RJK Explorations – RJX.A ($.19) – $.255 (-$.045) – announced that the Company has discovered its 7th new kimberlite in its ongoing drilling program in Lorrain Township, 9 km south of the historic Cobalt Mining Camp. The Nicol Lake kimberlite body is situated at the juncture of the NW-SE trending Nicol Lake Fault and the W-E trending Schumann Arch Fault. The Nicol Lake Fault is a splay fault originating from the Cross Lake master fault further to the north . The first drill hole intersected 5 m of kimberlite under 2 m of overburden terminating in diabase bedrock at a depth of 7 m. A second hole intersected 4.4 m of kimberlite under 2 m of overburden. The intersections are located within an electromagnetic (EM) conductance target associated with Nicol Lake, with the majority of the target underlying the lake.
Royal Road Minerals – RYR ($.39) – $.32 (-$.01) – announced that it has entered into a binding letter of intent with Mineros S.A., pursuant to which the Company has agreed to sell to Mineros its entire 50% interest in the Luna Roja Project, comprising the Monte Carmelo I and Monte Carmelo II mining concessions, in Nicaragua. 1. Purchase Price – Mineros will pay to the Company a purchase price of (i) US$22.5 million payable in cash on the closing of the proposed transaction, plus (ii) a 1.25% net smelter royalty on all future mineral production from the Monte Carmelo I and Monte Carmelo II mining concessions commencing from the first production therefrom. 2. Expenditure Commitment – The Company will invest no less than US$7.5 million over a five-year period in exploration operations on the strategic alliance properties in Nicaragua.
Silver Sands – SAND ($.28) – $.25 (+$.005) – announced the 2,700m Phase II drill program at the Virginia Silver Project, located in Santa Cruz province, Argentina has commenced. This program will follow up and build on the successful 2,831m Phase I drill program completed in November. A key aspect of Phase II drilling is to continue the expansion of the 2016 mineral resource by drilling gaps and extensions of the principal veins comprising the resource. The 2016 resource contains 11.9 million indicated ounces of silver at 310 g/t and 3.1 million inferred ounces of silver at 207 g/t within seven conceptual open pits. Previous drilling intercepted mineralization at depths from surface to 150 metres.
Scottie Resources – SCOT ($.185) – $.255 (-$.02) – reported drilling results on the O-Zone target, part of the Scottie Gold Mine including 2.26 g/t gold and 6.53 g/t silver over 19.04 m, which includes a high-grade interval of 10.7 g/t gold and 31.2 g/t silver over 2.77 metres. The four holes drilled at O-Zone during 2020 demonstrate that the high-grade zone is open in most directions. Drilling will continue in 2021 to expand the zone. The Scottie Gold Mine is the flagship project of the Company, is road accessible with excellent existing infrastructure, and is located 40 km north of Stewart, BC, in the Golden Triangle. The Company completed 7,040 m of drilling in 46 holes during 2020 and will continue to disclose additional results through to February 2021.
TAG Oil – TAO ($.05) – $.26 (-$.035) – reported the filing of its second quarter results for the interim period ending September 30, 2020. Highlights over the period include: at September 30, 2020, the Company had C$15.1 million (June 30, 2020: C$15.0 million) in cash and cash equivalents and C$17.6 million (June 30, 2020: C$17.4 million) in working capital. The Company has no debt; capital expenditures totaled C$0.05 million for the quarter ended September 30, 2020, compared to C$0.10 million for the quarter ended June 30, 2020. Most of the expenditures during the quarter related to the ATP 2037/2038 seismic acquisition program for 2021.
Tombill Mines – TBLL ($.30) – $.265 (+$.005) – announced the start of an Unmanned Aerial Vehicle-Magnetometer Survey on its Tombill Main Group property in the Geraldton Gold Camp. The survey will be flown by Abitibi Geophysics, a leading Canadian geophysics provider. The magnetic surveys will cover high priority targets on the Tombill Main Group; UAV-MAG Survey is capable of flying at tree-top level with tight-line spacing, which gathers exceptionally detailed data that highlights subtle magnetic features for interpreting structures; Approximately 108 line kilometres of UAV Magnetics (5.4 square kilometres, flown at 29m AGL, with 50 m line spacing); The new survey will help better identify high-priority, cross-cutting features, and structures on Tombill’s property. Identification of these features will help refine and identify current and additional drill targets for our drill program; AeroVision Drone-MAG, a pioneer technology in UAV airborne geophysics, will be used to survey the property. The drone provides low altitude aeromagnetic surveys, producing high resolution data at regular intervals at a fraction of the time and cost of surface mag
American Pacific Mining – USGD ($.155) – $.15 (-$.005) – provided an update on exploration progress at the Gooseberry Gold-Silver Project, located in Nevada and under joint venture earn-in agreement with privately-owned, GRAC Global Resource Acquisition Corp. A 12-hole diamond drill program is planned for early Q2, 2021 at the Gooseberry Gold-Silver Project, a low sulphidation, epithermal vein system encompassing the historical Gooseberry silver-gold mine in Storey County, Nevada. The past-producing underground silver and gold mine operated for nearly a century between 1900’s and 1990’s, after which mining ceased due to low precious metals prices. No meaningful modern exploration work has been done on the project since 1994.
VR Resources – VRR ($.35) – $.31 (-$.01) – announced that planning is underway to commence with Phase I of a two-stage reverse circulation (RC) drill program planned for 2021 on its Reveille silver-copper CRD property in Nevada. VR has been working on Reveille continuously since June of last year, with field work wrapping up in the third week of December. Integrated targets are now delineated on the western side of the district-scale property for both silver-copper CRD mineralization, and for gold related to late, Carlin-style fluids. Both target types were summarized in the previous news release dated December 21, 2020. VR is planning a two-stage RC drill program to test the array of targets at Reveille to a depth of roughly 300 metres. Property-scale vectors towards the area shown in Figure 1 are based on structural mapping, statistical analyses of single element and element ratio data from rock and soil geochemistry completed in 2020; the specific drill hole locations in Figure 1 are based on recently completed 3D inversion models of magnetic and EM data.
Group Eleven – ZNG ($.05) – $.10 (+$.01) – announced plans for follow-up drilling at the Carrickittle prospect at its 100% interest PG West project and provide a general update on exploration at its zinc-lead and copper-silver projects in the Republic of Ireland. A silver zone encountered in G11-2840-11 (736 g/t silver over 1.0 metres) has been further studied and found to consist of a narrower (20-centimetre) interval averaging 3,961 g/t silver – to management’s knowledge, one of the highest silver grades ever attained in Ireland. Next phase of follow-up drilling is expected to start in mid-February 2021 and total approximately 400 metres, focusing on Zone 2 (an area with significant historical intercepts, including 4.9 metres of 11.4% zinc and 1.4% lead)
OIL & GAS STOCKS
All have RECOVERED recently, ARE SOME going still higher?
Stock – Current Stock Price – Dividend Yld
Gas – BIRCHCLIFF ENERGY – BIR – $2.46 (+$.30) .8% DIV
Free Cash Flow – CRESCENT POINT – CPG – $4.09 (+$.57) .3% DIV
Rebuilding – KELT EXPLORATIONS – KEL – $2.29 (+$.51)
Oil – MEG ENERGY – MEG – $5.56 (+$1.30)
Gas – NUVISTA ENERGY – NVA – $1.40 (+$.32)
Take Out Candidate? – TAMARACK VALLEY – TVE – $1.66 (+$.33)
Go To Oil Stock – WHITECAP RESOURCES – WCP – $5.25 (+$.67) 3.3% Div
MUSIC CLIPS FOR THIS WEEK