Ok so I have been watching $NIOMF for a while now because it has been absolutely ripping, ran up like 120% in 2 weeks.
Very clean cap structure, not a ton of warrants or options
Management looks quite legit for this size company.
Company just came into being nov 25th
They just dropped their first drill results from their main property called Seigneurie. Started drilling April 2nd so this is literally their first ever drill program as a company. Before this all they had were some decent surface samples so definitely a catalyst imo
No official grades yet, actual lab results showing the grades are still pending, so just keep that in mind.
But they hit 211m of pegmatite, which basically just means they hit the rock that hosts niobium and rare earths. Like I said, still need the actual lab results back to see grades, all I can do is look at the pics they provided of the drill core and do my best at trying to pull some insights or figure out what I'm looking at
The crazy part though is this length of continuous pegmatite is 4th ever recorded globally. Wild for a $20M company on their first program.
Also I am not a geologist in the slightest but from what I've gathered the drill core is apparently getting better the deeper they go, which would mean they're drilling into the heart of the system rather than the edges
There was clearly some leaky behaviour considering how much it ran before the NR dropped but this is nonetheless huge. Now just gotta wait for assays.
Ill drop the link here if you care to read
https://ca.finance.yahoo.com/news/niob-intersects-211-metres-cumulative-113000938.html
I am a holder so I am definitely biased, so please do your research before buying, I am a degen I know