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Tag: Fidelity Minerals Corp.

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Red Cloud Oktoberfest: Fall Mining Showcase 2021 – Day Three Recap

Yesterday, Red Cloud hosted the third and final day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 28 presenting companies including our keynote speaker John Ciampaglia, CEO of Sprott Asset Management, and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. A recap of our Day One and Day Two highlights can be found on our research portal page. Replays are also available on the Red Cloud website.

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Red Cloud | redcloudfs.com

Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased

Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.

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Red Cloud | redcloudfs.com

Fidelity Minerals Corp. (TSXV:FMN) – Ownership Increased to 50% at Las Huaquillas; Drilling Ahead

Fidelity Minerals announced that it is acquiring an additional 5.5% interest in the core area of its Las Huaquillas project (CLH), part of the company’s flagship Greater Las Huaquillas project (GLH) in Cajamarca, Peru. In doing so, Fidelity is effectively increasing its ownership of CLH to 50%. In our view, this is a positive development for the company, as the property is underpinned by a historical resource and a vast library of exploration data, which we expect Fidelity to leverage in its upcoming exploration program. With a 50%-interest in the CLH area, we believe the Las Huaquillas project would be of interest to potential buyers should the company be able to generate positive drill results and define an economic deposit with the planned technical report.

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