=================================
EVXXF (European Electric Metals Inc.)
Alert Price: $0.114
Chart Analysis
Investor Presentation
=================================
Members,
We are coming off another profitable week of trading.
Last week we saw our trade alerts deliver a total of +48.89% in multi-day profits.
A new week is ahead of us, and we plan on starting it with another double-digit winner!.
We have just identified an up-and-coming microcap company that has put itself in the perfect position to capitalize on the skyrocketing cobalt industry.
Please turn your immediate attention to EVXXF (European Electric Metals Inc.).
Just like many of our recent big winners, EVXXF appears to be grossly oversold at the moment.
The Company looks to have bottom'd out, and is shaping up to be our most attractive bounce opportunity of the year so far.
Trading at just about 2-cents above its 52-week low, we see little downside risk, and a whole lot of upside for EVXXF at the moment.
With Company's like Tesla showing investors up to 2,400% in gains over the last decade, the EV (Electronic Vehicle) sector has been one of the hottest and most lucrative industries in the market.
Unfortunately, many traders are unable to capitalize on this market, due to the fact that the entry point for most of the big players in the sector is so high.
EVXXF offers traders a rare opportunity to capitalize on this sector for just $0.11 per share!
This publicly listed company appears to be well on its way to becoming a major source of battery metals such as copper, nickel and cobalt, in Europe where Electric Vehicles are poised to experience dramatic growth.
We see several bullish catalysts on the horizon, all of which could have a positive effect on EVXXF's share price.
Last week, EVXXF announced that it has received assay results from the Company’s Phase 1 underground sampling program in the Skroska Co-Ni laterite mine. The sampling program was undertaken to follow up on an earlier reconnaissance sampling which returned high cobalt and nickel assays
EVXXF closed Friday's session up over +5%. We anticipate that this bullish momentum will carry on into tomorrow to the tune of early double-digit gains.
We've done our very own chart analysis, and we see a Falling Wedge/Bullish Reversal taking shape. We see the potential for a move of over +120% from here.
The past year has been marked by a flurry of announcements from major auto makers about their plans for the EV market. Should these plans fructify, it represents a mouthwatering potential of 400 models and estimated global sales of 25 million by 2025.
Porsche aims at making 50% of its cars electric by 2023. JLR has announced it will shift entirely towards electric and hybrid vehicles by 2020. General Motors, Toyota and Volvo have all declared a target of 1 million in EV sales by 2025. By 2030, Aston Martin expects that EVs will account for 25% of its sales, with the rest of its line up comprising hybrids. By 2025, BMW has stated it will offer 25 electrified vehicles, of which 12 will be fully electric. The Renault Nissan & Mitsubishi alliance intends to offer 12 new EVs by 2022.
The battery industry currently uses 42% of Global Cobalt production.
This is because, like Lithium, Cobalt is essential to the supply lines of companies like Tesla, GM, Apple, Nissan, and the plethora of other Electric Vehicles and Tech Gadgets using Lithium-Ion Batteries.
"Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers" according to billionaire investor Robert Friedland.
"Nickel sulphate and Cobalt sulphate: these are the sexy commodities that we cannot live with out," Friedland said.
The battery is on a steep growth ramp. From practically zero ten years ago to a head-turning 170,000 new electric cars a month, we’re looking for 1 million+ battery vehicles selling this year.
All those car sales generate $1.5 trillion a year for these Car Manufacturing giants.
So with the New iPhones now shipping and Tesla's Model 3 becoming mainstream, Cobalt may be in demand for many decades to come! And EVXXF has the potential to be one largest global supplier of this precious metal.
That being said, we ask that all members read our full profile, start their research now, and consider grabbing up a position in EVXXF this morning at 9:30AM EST!
About European Electric Metals Inc.
European Electric Metals Inc. is a publicly listed Company, with a focus on electrification themed projects in Europe. A major shareholder of EVXXF is the European Bank for Reconstruction and Development. The goal of EVXXF is to become a major source of battery metals such as copper, nickel and cobalt, and the Company seeks to do so within safe, stable and logistically attractive European jurisdictions. The Company's projects are ideally located with excellent road, port and grid power availability, and near European countries that are poised to experience dramatic growth in the electric-vehicle-manufacturing industry. There is a strong battery-manufacturing industry within Europe with many more projects in the pipeline.
Investor Highlights
Public company headquartered in Vancouver, Canada and trading on stock exchanges in Canada, the United States and Germany
European Bank for Reconstruction and Development (EBRD) as major shareholder
Operational in Albania since 2006 with the necessary in-country experience to advance Rehova
Management team with an international track record of success
Projects
Skroska Co/Ni Project
A cobalt-rich Nickel Laterite Mine
Skroska is an underground nickel laterite mine with high-grade cobalt potential. Mining in Skroska took place in 1985-1992 (by the state mining enterprise) and in 2008-2013 by private company (Gerold Sh.pk.). EVX is acquiring Skroska from the private company. Recent underground sampling by EVX encountered high-grade cobalt – up to 0.54% Co and 1.92% Ni. The mine is permitted with the underground workings in good condition and mine equipment in operating condition. The mine is 5 kms from a highway and another 16 kms to the rail load out.
A producing underground nickel laterite mine until 2013; currently on care and maintenance.
Covered by a 20-year mining license issued in 2008, renewable for 10 years and up to 99 years.
With historic resource of 22.4 million tons grading 0.99% Ni, 49.13% Fe and 0.065% Co. Remaining historic resource at 21.3 million tons*.
Previous mining operations undertaken by state-run mining enterprise (1985–1992) which delivered the laterite to Elbasan Ferro-Nickel plant some 58 kms away (the plant no longer exists).
Recent mining operations done by Gerold Sh.pk. (2008-2013), the current mining license holder.
All underground infrastructure and machinery are in place and in order.
The mine is 5 kms to the main highway and another 16 kms to rail loadout.
Recent underground sampling encountered high-grade samples – up to 0.54% Co and 1.92% Ni.
EVX will conduct due diligence that will include estimation of the requirements and cost to re-start operations in 6-12 months.
Rehova Copper Project
Rehova is located 115 kms straight distance southeast of Tirana or 200 kms by road and is on the electrical power grid. The mining property contains four historical VMS deposits.
EVXXF has a mining license for the Rehova Copper Project located in Albania in southern Europe. The company has additional interests in neighboring Kosovo and is also assessing and evaluating nickel and cobalt projects in the region.
Rehova is located 115 kms straight distance southeast of Tirana or 200 kms by road and is on the electrical power grid. The mining property contains four historical VMS deposits. These are surrounded by exploration areas of interest that have not yet been systematically tested using modern exploration techniques and technology. The four known deposits called BG, Kanisqel, Çiflig and DT comprise the Rehova Copper Mine, a historically producing mining operation which was formerly operated by the Albanian state copper enterprise. Çiflig and DT were mined by underground method while Kanisqel was mined by open pit and to a limited extent by underground while BG was untouched. The materials mined were sent to a processing plant nearby with an annual capacity of 60,000 tons.
Prior to the start of production in 1980 the Albanian Geological Survey ("AGS") had defined combined mineralization in the four deposits of 3.43 million tons grading 2.17% copper* and by the time operations stopped in 1990 had 2.87 million tons grading 2.14% copper* remaining. The majority of the remaining mineralization consisting of 2.09 million tons grading 2.15% copper* were from BG, which was not mined and has exploration potential beyond the historic drilling. Gold, silver, lead and zinc were not historically assayed, remains unknown and offer economic upside to the project, if present. Underground development workings had been started at BG as the deposit was being prepared for mining when the state run mining enterprise shut down its mining operations country-wide in the '90s.
Borba 2 Copper Project
EVX has signed an agreement to acquire an exploration application in Portugal for an advanced stage copper asset with historic production. The application for the 329 sqkm (32,900 ha) Borba 2 license is awaiting approval by the government. The project is located 160 road km to the east of Lisbon.
The Borba 2 has two main copper (with associated metals) exploration targets which are both historic mines: Miguel Vacas and Bugalho along with several other potential (less advanced) prospects both for copper and gold.
See EVX News Release dated May 23, 2018 for details regarding the Borba 2 project along with information regarding acquisition terms.
Carvalhal Cobalt-Copper-Nickel Project
The Company filed for an exploration permit application in Portugal covering an area of 323 sqkm (32,300 ha) located approximately 40 km SSE of Porto in the Aveiro district. The license is now well advanced after the completion of the public announcement period with no objections or competition.
The area applied for covers an alignment of old mining operations developed on polymetallic hydrothermal systems that are controlled by a large suture zone, known as the Porto-Coimbra-Tomar fault, which separates two major lithotectonic provinces in the Iberian Peninsula.
All known deposits that occur in this area were already operating from mid-19th century to the last recorded production in 1972. These mines produced copper, lead, cobalt, nickel, zinc and silver coming from several underground mines, including, from north to south: Telhadela, Palhal, Carvalhal, Almalho, Braçal-Malhada and Talhadas. All these mines are now abandoned but some of the works are still accessible.
The deposits are classically considered as hydrothermal Pb (Zn-Ag) vein deposits. Nevertheless, as indicated by historical data, significant amounts of cobalt, copper and nickel were produced from several mines.
Reconnaissance work carried out by EVX on the old mine workings confirmed the presence of significant anomalies for cobalt, copper and nickel, along with zinc, lead and silver in several locations coming from mineralized dump material in the old mining areas. Highly anomalous assay values have been obtained of up to 0.16% Co, 0.3% Ni, and above upper detection limit for Zn (>1%), Ag (>100 ppm) and Pb (>1%).
Recent Developments
European Electric Metals Samples High-Grade Cobalt and Nickel in Underground Sampling at Skroska
Last week, EVXXF announced that it has received assay results from the Company’s Phase 1 underground sampling program in the Skroska Co-Ni laterite mine (see news EVX release dated November 12, 2018). The sampling program was undertaken to follow up on an earlier reconnaissance sampling which returned high cobalt and nickel assays
Elevated cobalt associated with the lower 2-meter samples averaging 0.14% Co and 1.19% Ni.
Assays from 174 underground channel samples averaged 0.11% Co and 1.10% Ni.
Elevated cobalt of up to 0.48% Co and 1.68% Ni identified in the sampling program.
EVXXF Chief Executive Officer Fred Tejada notes, “We are very pleased of the assays that came out of our recent sampling in Skroska particularly that it covered a significant portion of underground workings that were either being developed or in production when operations stopped in the mine. Our aim in the next few months will be to understand the metallurgical and mineral processing characteristics of Skroska mineralization which is a big step ahead when compared with just looking to explore and find a cobalt-nickel deposit at this stage.”
Market Outlook
According to data compiled by Stratistics MRC, the global cobalt market is expected to grow at a CAGR of 10.3% during the forecast period from 2017 to 2026. The rising demand is attributable to the emergence of lightweight electric vehicles, usage in the medical sector and demand for cobalt alloys in aircraft engines. Cobalt is also a primary element used within lithium-ion batteries, which are heavily used in electronic manufacturing. Additionally, many everyday consumer electronics such as phones, laptops and tablets also use lithium-ion batteries. The demand for batteries in electric vehicles is expected to propel the market heavily. The batteries are highly attractive because they are environmentally efficient, providing a cleaner alternative to traditional energy sources. European Electric Metals Inc.
In 2017, for the first time in their short history, global sales of new electric vehicles (EVs) passed a million units, according to McKinsey’s Electric Vehicle Index. Under the current growth trajectory, EV producers could almost quadruple that achievement by 2020, moving 4.5 million units, around 5 percent of the overall global light-vehicle market.
Technical Analysis
EVXXF could be our most attractive "buy the dip" opportunity of 2019 so far.
The Company is down over +82% from its 52-week high of $0.61.
That being said, EVXXF's upside potential from here is just too big to ignore.
The Company was trading well over 20-cents less than 3-months ago.
A run back to its 3-month high would net traders an over +136% ROI.
A run back to its 52-month high would net traders an over +435% ROI.
EVXXF appears to have strong support at around 10-cents, so we don't see much downside risk from our 11-cent alert price.
EVXXF closed Friday's session up over +5%. We anticipate that this bullish momentum will carry on into tomorrow to the tune of early double-digit gains.
We've done our very own chart analysis, and it appears that a Falling Wedge/Bullish Reversal is taking shape. We see the potential for a move of over +120% from here.
If you are on the hunt for a highly attractive bottom'd out bounce play, with what we believe to have minimal downside risk and enormous upside potential, than EVXXF should be the only ticker on your watchlist tomorrow.
As such, we are urging all members to start their research now, and consider grabbing up a position in EVXXF this morning at 9:30AM EST!
(*Remember to use a basic Stop-Loss Order or more advanced Stop-limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
Don't Miss Our Next Huge Winner...
Text 'GAINS' to '67076'
to have our Trade Alerts
Delivered Direct
to your Cell Phone.
(There is no charge.
Msg&data rates may apply.)
DISCLAIMER
This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by both MJ Capital, LLC and PennyStockLocks, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” refers to MJ Capital, LLC and PennyStockLocks, LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website.
We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. MJ Capital does NOT own any shares of the companies mentioned herewithin, nor intends to buy any in the future.
MJ Capital’s business model is to receive financial compensation to promote public companies. We have been compensated twelve thousand five hundred dollars by third party to conduct investor relations advertising and marketing for EVXXF. Any compensation is a major conflict of interest in our ability to be unbiased. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forward looking statements, which are not guaranteed to materialize due to a variety of factors.
We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct. Furthermore, MJ Capital often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice.
EVXXF (European Electric Metals Inc.)
Alert Price: $0.114
Chart Analysis
Investor Presentation
=================================
Members,
We are coming off another profitable week of trading.
Last week we saw our trade alerts deliver a total of +48.89% in multi-day profits.
A new week is ahead of us, and we plan on starting it with another double-digit winner!.
We have just identified an up-and-coming microcap company that has put itself in the perfect position to capitalize on the skyrocketing cobalt industry.
Please turn your immediate attention to EVXXF (European Electric Metals Inc.).
Just like many of our recent big winners, EVXXF appears to be grossly oversold at the moment.
The Company looks to have bottom'd out, and is shaping up to be our most attractive bounce opportunity of the year so far.
Trading at just about 2-cents above its 52-week low, we see little downside risk, and a whole lot of upside for EVXXF at the moment.
With Company's like Tesla showing investors up to 2,400% in gains over the last decade, the EV (Electronic Vehicle) sector has been one of the hottest and most lucrative industries in the market.
Unfortunately, many traders are unable to capitalize on this market, due to the fact that the entry point for most of the big players in the sector is so high.
EVXXF offers traders a rare opportunity to capitalize on this sector for just $0.11 per share!
This publicly listed company appears to be well on its way to becoming a major source of battery metals such as copper, nickel and cobalt, in Europe where Electric Vehicles are poised to experience dramatic growth.
We see several bullish catalysts on the horizon, all of which could have a positive effect on EVXXF's share price.
Last week, EVXXF announced that it has received assay results from the Company’s Phase 1 underground sampling program in the Skroska Co-Ni laterite mine. The sampling program was undertaken to follow up on an earlier reconnaissance sampling which returned high cobalt and nickel assays
EVXXF closed Friday's session up over +5%. We anticipate that this bullish momentum will carry on into tomorrow to the tune of early double-digit gains.
We've done our very own chart analysis, and we see a Falling Wedge/Bullish Reversal taking shape. We see the potential for a move of over +120% from here.
The past year has been marked by a flurry of announcements from major auto makers about their plans for the EV market. Should these plans fructify, it represents a mouthwatering potential of 400 models and estimated global sales of 25 million by 2025.
Porsche aims at making 50% of its cars electric by 2023. JLR has announced it will shift entirely towards electric and hybrid vehicles by 2020. General Motors, Toyota and Volvo have all declared a target of 1 million in EV sales by 2025. By 2030, Aston Martin expects that EVs will account for 25% of its sales, with the rest of its line up comprising hybrids. By 2025, BMW has stated it will offer 25 electrified vehicles, of which 12 will be fully electric. The Renault Nissan & Mitsubishi alliance intends to offer 12 new EVs by 2022.
The battery industry currently uses 42% of Global Cobalt production.
This is because, like Lithium, Cobalt is essential to the supply lines of companies like Tesla, GM, Apple, Nissan, and the plethora of other Electric Vehicles and Tech Gadgets using Lithium-Ion Batteries.
"Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers" according to billionaire investor Robert Friedland.
"Nickel sulphate and Cobalt sulphate: these are the sexy commodities that we cannot live with out," Friedland said.
The battery is on a steep growth ramp. From practically zero ten years ago to a head-turning 170,000 new electric cars a month, we’re looking for 1 million+ battery vehicles selling this year.
All those car sales generate $1.5 trillion a year for these Car Manufacturing giants.
So with the New iPhones now shipping and Tesla's Model 3 becoming mainstream, Cobalt may be in demand for many decades to come! And EVXXF has the potential to be one largest global supplier of this precious metal.
That being said, we ask that all members read our full profile, start their research now, and consider grabbing up a position in EVXXF this morning at 9:30AM EST!
About European Electric Metals Inc.
European Electric Metals Inc. is a publicly listed Company, with a focus on electrification themed projects in Europe. A major shareholder of EVXXF is the European Bank for Reconstruction and Development. The goal of EVXXF is to become a major source of battery metals such as copper, nickel and cobalt, and the Company seeks to do so within safe, stable and logistically attractive European jurisdictions. The Company's projects are ideally located with excellent road, port and grid power availability, and near European countries that are poised to experience dramatic growth in the electric-vehicle-manufacturing industry. There is a strong battery-manufacturing industry within Europe with many more projects in the pipeline.
Investor Highlights
Public company headquartered in Vancouver, Canada and trading on stock exchanges in Canada, the United States and Germany
European Bank for Reconstruction and Development (EBRD) as major shareholder
Operational in Albania since 2006 with the necessary in-country experience to advance Rehova
Management team with an international track record of success
Projects
Skroska Co/Ni Project
A cobalt-rich Nickel Laterite Mine
Skroska is an underground nickel laterite mine with high-grade cobalt potential. Mining in Skroska took place in 1985-1992 (by the state mining enterprise) and in 2008-2013 by private company (Gerold Sh.pk.). EVX is acquiring Skroska from the private company. Recent underground sampling by EVX encountered high-grade cobalt – up to 0.54% Co and 1.92% Ni. The mine is permitted with the underground workings in good condition and mine equipment in operating condition. The mine is 5 kms from a highway and another 16 kms to the rail load out.
A producing underground nickel laterite mine until 2013; currently on care and maintenance.
Covered by a 20-year mining license issued in 2008, renewable for 10 years and up to 99 years.
With historic resource of 22.4 million tons grading 0.99% Ni, 49.13% Fe and 0.065% Co. Remaining historic resource at 21.3 million tons*.
Previous mining operations undertaken by state-run mining enterprise (1985–1992) which delivered the laterite to Elbasan Ferro-Nickel plant some 58 kms away (the plant no longer exists).
Recent mining operations done by Gerold Sh.pk. (2008-2013), the current mining license holder.
All underground infrastructure and machinery are in place and in order.
The mine is 5 kms to the main highway and another 16 kms to rail loadout.
Recent underground sampling encountered high-grade samples – up to 0.54% Co and 1.92% Ni.
EVX will conduct due diligence that will include estimation of the requirements and cost to re-start operations in 6-12 months.
Rehova Copper Project
Rehova is located 115 kms straight distance southeast of Tirana or 200 kms by road and is on the electrical power grid. The mining property contains four historical VMS deposits.
EVXXF has a mining license for the Rehova Copper Project located in Albania in southern Europe. The company has additional interests in neighboring Kosovo and is also assessing and evaluating nickel and cobalt projects in the region.
Rehova is located 115 kms straight distance southeast of Tirana or 200 kms by road and is on the electrical power grid. The mining property contains four historical VMS deposits. These are surrounded by exploration areas of interest that have not yet been systematically tested using modern exploration techniques and technology. The four known deposits called BG, Kanisqel, Çiflig and DT comprise the Rehova Copper Mine, a historically producing mining operation which was formerly operated by the Albanian state copper enterprise. Çiflig and DT were mined by underground method while Kanisqel was mined by open pit and to a limited extent by underground while BG was untouched. The materials mined were sent to a processing plant nearby with an annual capacity of 60,000 tons.
Prior to the start of production in 1980 the Albanian Geological Survey ("AGS") had defined combined mineralization in the four deposits of 3.43 million tons grading 2.17% copper* and by the time operations stopped in 1990 had 2.87 million tons grading 2.14% copper* remaining. The majority of the remaining mineralization consisting of 2.09 million tons grading 2.15% copper* were from BG, which was not mined and has exploration potential beyond the historic drilling. Gold, silver, lead and zinc were not historically assayed, remains unknown and offer economic upside to the project, if present. Underground development workings had been started at BG as the deposit was being prepared for mining when the state run mining enterprise shut down its mining operations country-wide in the '90s.
Borba 2 Copper Project
EVX has signed an agreement to acquire an exploration application in Portugal for an advanced stage copper asset with historic production. The application for the 329 sqkm (32,900 ha) Borba 2 license is awaiting approval by the government. The project is located 160 road km to the east of Lisbon.
The Borba 2 has two main copper (with associated metals) exploration targets which are both historic mines: Miguel Vacas and Bugalho along with several other potential (less advanced) prospects both for copper and gold.
See EVX News Release dated May 23, 2018 for details regarding the Borba 2 project along with information regarding acquisition terms.
Carvalhal Cobalt-Copper-Nickel Project
The Company filed for an exploration permit application in Portugal covering an area of 323 sqkm (32,300 ha) located approximately 40 km SSE of Porto in the Aveiro district. The license is now well advanced after the completion of the public announcement period with no objections or competition.
The area applied for covers an alignment of old mining operations developed on polymetallic hydrothermal systems that are controlled by a large suture zone, known as the Porto-Coimbra-Tomar fault, which separates two major lithotectonic provinces in the Iberian Peninsula.
All known deposits that occur in this area were already operating from mid-19th century to the last recorded production in 1972. These mines produced copper, lead, cobalt, nickel, zinc and silver coming from several underground mines, including, from north to south: Telhadela, Palhal, Carvalhal, Almalho, Braçal-Malhada and Talhadas. All these mines are now abandoned but some of the works are still accessible.
The deposits are classically considered as hydrothermal Pb (Zn-Ag) vein deposits. Nevertheless, as indicated by historical data, significant amounts of cobalt, copper and nickel were produced from several mines.
Reconnaissance work carried out by EVX on the old mine workings confirmed the presence of significant anomalies for cobalt, copper and nickel, along with zinc, lead and silver in several locations coming from mineralized dump material in the old mining areas. Highly anomalous assay values have been obtained of up to 0.16% Co, 0.3% Ni, and above upper detection limit for Zn (>1%), Ag (>100 ppm) and Pb (>1%).
Recent Developments
European Electric Metals Samples High-Grade Cobalt and Nickel in Underground Sampling at Skroska
Last week, EVXXF announced that it has received assay results from the Company’s Phase 1 underground sampling program in the Skroska Co-Ni laterite mine (see news EVX release dated November 12, 2018). The sampling program was undertaken to follow up on an earlier reconnaissance sampling which returned high cobalt and nickel assays
Elevated cobalt associated with the lower 2-meter samples averaging 0.14% Co and 1.19% Ni.
Assays from 174 underground channel samples averaged 0.11% Co and 1.10% Ni.
Elevated cobalt of up to 0.48% Co and 1.68% Ni identified in the sampling program.
EVXXF Chief Executive Officer Fred Tejada notes, “We are very pleased of the assays that came out of our recent sampling in Skroska particularly that it covered a significant portion of underground workings that were either being developed or in production when operations stopped in the mine. Our aim in the next few months will be to understand the metallurgical and mineral processing characteristics of Skroska mineralization which is a big step ahead when compared with just looking to explore and find a cobalt-nickel deposit at this stage.”
Market Outlook
According to data compiled by Stratistics MRC, the global cobalt market is expected to grow at a CAGR of 10.3% during the forecast period from 2017 to 2026. The rising demand is attributable to the emergence of lightweight electric vehicles, usage in the medical sector and demand for cobalt alloys in aircraft engines. Cobalt is also a primary element used within lithium-ion batteries, which are heavily used in electronic manufacturing. Additionally, many everyday consumer electronics such as phones, laptops and tablets also use lithium-ion batteries. The demand for batteries in electric vehicles is expected to propel the market heavily. The batteries are highly attractive because they are environmentally efficient, providing a cleaner alternative to traditional energy sources. European Electric Metals Inc.
In 2017, for the first time in their short history, global sales of new electric vehicles (EVs) passed a million units, according to McKinsey’s Electric Vehicle Index. Under the current growth trajectory, EV producers could almost quadruple that achievement by 2020, moving 4.5 million units, around 5 percent of the overall global light-vehicle market.
Technical Analysis
EVXXF could be our most attractive "buy the dip" opportunity of 2019 so far.
The Company is down over +82% from its 52-week high of $0.61.
That being said, EVXXF's upside potential from here is just too big to ignore.
The Company was trading well over 20-cents less than 3-months ago.
A run back to its 3-month high would net traders an over +136% ROI.
A run back to its 52-month high would net traders an over +435% ROI.
EVXXF appears to have strong support at around 10-cents, so we don't see much downside risk from our 11-cent alert price.
EVXXF closed Friday's session up over +5%. We anticipate that this bullish momentum will carry on into tomorrow to the tune of early double-digit gains.
We've done our very own chart analysis, and it appears that a Falling Wedge/Bullish Reversal is taking shape. We see the potential for a move of over +120% from here.
If you are on the hunt for a highly attractive bottom'd out bounce play, with what we believe to have minimal downside risk and enormous upside potential, than EVXXF should be the only ticker on your watchlist tomorrow.
As such, we are urging all members to start their research now, and consider grabbing up a position in EVXXF this morning at 9:30AM EST!
(*Remember to use a basic Stop-Loss Order or more advanced Stop-limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
Don't Miss Our Next Huge Winner...
Text 'GAINS' to '67076'
to have our Trade Alerts
Delivered Direct
to your Cell Phone.
(There is no charge.
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DISCLAIMER
This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by both MJ Capital, LLC and PennyStockLocks, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” refers to MJ Capital, LLC and PennyStockLocks, LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website.
We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. MJ Capital does NOT own any shares of the companies mentioned herewithin, nor intends to buy any in the future.
MJ Capital’s business model is to receive financial compensation to promote public companies. We have been compensated twelve thousand five hundred dollars by third party to conduct investor relations advertising and marketing for EVXXF. Any compensation is a major conflict of interest in our ability to be unbiased. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forward looking statements, which are not guaranteed to materialize due to a variety of factors.
We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct. Furthermore, MJ Capital often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice.