re: Mining/Minerals Stocks Discussion

9 out of 10 junior miners are stock promotes.. particularly if they are listed on the TSX Venture Exchange

This is a corner of the markets that very very few have a clue about, including myself. Generally ends with people losing money

Safer tactic, that's for sure

I've been looking at buying some penny stock tungsten miners.

TUNGF
HPYCF

Almonty Industries (TUNGF): Primarily operates in South Korea, Portugal, and Spain.

Flagship asset is the Sangdong Mine in South Korea, which recently began active mining.

The company maintains production at the Panasqueira Mine in Portugal and has development projects in Spain.

Additionally, Almonty recently expanded into the United States by acquiring the Gentung Tungsten Project in Montana.

...

Fox Tungsten Ltd. (HPYCF): Exploration phase company with a focus on British Colombia

Primary asset is the Fox Tungsten Project located in central British Columbia, roughly 70 km northeast of 100 Mile House. The company holds a 100% interest in this district-scale project, which is considered one of the highest-grade undeveloped tungsten resources in the world.

NAKs New Release

June 26, 2026 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") announces that oral arguments were held on June 25, 2026 in Alaska Federal District Court on its case seeking withdrawal of the Environmental Protection Agency’s (“EPA”) veto.

“The matter is now ripe for decision by the Federal District Court in Alaska,” Ron Thiessen, Northern Dynasty President and CEO commented, “This is an important time for the project, and we look forward to the judge’s decision.”


Now we wait……

I’m in regardless. Hope it goes well and we sky.

I was in for the major dips caused by Don Jr, Tucker, and the veto. Never sold. This is my lottery ticket.

GCUMF
Nova red
NAUFF

LINK

quote:

---

Is UAMY starting to become attractive under 4 dollars?

---

I literally asked the same question about 45 minutes ago.
I think the answer may be "no"

I think it's on watch for low $3s, but I'm not sure if it gets there, even as bad as all of this sounds:

Price:
UAMY is at $3.91 with a ~$585M market cap and ~149.7M shares, near the bottom of a 52-week range of $3.87 to $19.71. It's down about 24% in the past month and 46% over twelve months.

Balance sheet:
The company reported $62.2M of cash plus U.S. Treasuries and $70.0M of working capital at June 30. Aggregators show $46.1M of cash and almost no debt. The gap is probably a definition difference, so check the 10-Q.

Burn:
TTM revenue is $36.4M against a $16.3M net loss and about -$63M of levered free cash flow. Capex is heavy because of the Thompson Falls expansion, partly offset by $12.8M of Department of War grant milestones.

Q2 profit:
Net income was $0.1M, but the operating loss was $7.0M. The profit came from below the operating line, so I wouldn't read it as the business turning profitable.

Runway:
At the TTM burn, $46–62M is roughly 9–12 months. That's my estimate, and capex should ease as the expansion finishes.

Dilution:
The company has already issued $108.7M of stock in 2026, including one tranche of about 4.2M shares at an average of $11.57. At $3.91, a $50M raise means about 13M new shares, roughly 9% dilution. The same dollars cost about 3x as many shares as at $11.57.
sec

Is it more attractive than at $6?

Per share, yes. Per dollar of expected sales, no. Guidance was cut to $60–75M from $125M, and the stock fell by a similar proportion.


At $6, old guide At $3.91, new guide
Market cap (today's share count) ~$900M ~$585M
Guided revenue (midpoint) $125M $67.5M
Market cap / guided sales ~7.2x ~8.7x


Even the low end of the new guide is demanding. Q1 revenue was $6.8M and Q2 was $7.9M. Reaching $60M needs about $22–23M a quarter in the second half, nearly 3x Q2's pace. Simply Wall St has the stock at about 17x trailing sales versus an industry average near 2.9x