April 14, 2022 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) announced it has closed a non-brokered private placement for gross proceeds of ~C$1.0M. The company
January 25, 2022 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) announced that it has engaged SGS Geological Services to complete a historic data review,
December 3, 2021 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) announced results from confirmatory sampling at its Core Las Huaquillas project (50%-interest) in Peru. Samples
November 4, 2021 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) announced that Rial Minera SAC, which owns the Core Las Huaquillas (CLH) property in
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.
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.
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.
June 16, 2021 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) provided an exploration update on its 100%-owned Las Brujas Au project in northern Peru. The
April 23, 2021 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) announced an exploration update at its 100%-owned Porphyritic Copper project in La Libertad, Peru. The
April 19, 2021 Fidelity Minerals Corp. (TSXV:FMN, BUY (S), Taylor Combaluzier) announced the closing of its previously announced, non-brokered private placement. The company issued a total