In these times of increased uncertainties, with a recession looming, a US government that last minute avoided a potentially catastrophic default by approving the debt ceiling bill, and a Fed doubting if they should raise interest rates further or not as inflation is on the way down but still high, Inomin Mines (MINE.V)(FRA:IMC)
After the last rate hike by the Federal Reserve on May 3, 2023, a more dovish stance seems in the cards, being favorable for gold, which printed an all - time high of US$2082/oz Au that day. Inomin Mines (MINE.V)(FRA:IMC) is primarily focusing on their magnesium-nickel Beaver-Lynx project in British Columbia which generated a significant discovery announced last spring, but it also has several very interesting gold-silver projects in Mexico, which of course stand to benefit from the recent developments in gold.
At a time where the Western hemisphere is looking to become less dependent on China and others for critical metals and minerals and is scrambling for battery metals, Inomin Mines (MINE.V)(FRA:IMC) is focusing on exploring exactly for these commodities. The company already experienced explosive drilling success in 2022 at their Beaver-Lynx project in British Columbia, by intercepting 252m of 20.6% Magnesium and 0.16% Nickel close to surface, accompanied by 4 other impressive holes.
Wastewater treatment facility, Alberta (Source: Proactive Investors)
The last time I wrote about MGX Minerals (XMG.CSE) I described it as a rare breed of junior, and this company definitely seems to do everything to increasingly set itself apart from usual paradigms.