Discovery Minerals Ltd (OTCMKTS:DSCR) Moves Forward On

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Discovery Minerals Ltd (OTCMKTS SCR) Moves Forward On Canadian Cultivation License Renewal

Discovery Minerals Ltd (OTCMKTS SCR) and its joint venture partner AB Agro technologies have submitted their licensing renewal to Canadian regulators. The license will allow the company to continue the cultivation efforts of industrial hemp on Canadian soil through 2015. Canada offers a vast amount of acreage creating serious opportunities for company like Discovery Minerals They are also looking to expand on their current list of farmers to expand on the acreage available for cultivation projects. The company currently has a global reach of partners spanning as far as South Africa.

Hemp Products

The hemp plant is the source of many practical use products. Almost every part of the plant is useable in some form or manner making the yield for crops attractive. Discovery Minerals Ltd (OTCMKTS SCR)’s business model focuses on creating strategic partnerships to acquire more acreage. Africa is a target along with Canada as it offers an unusually high amount of procurable land prime for the cultivation of hemp. They seek to create unique and fluid relationships between growers, farmers and suppliers with the final goal of profitability. Hemp products create a unique opportunity. The company also features a focus on sustainability and renewable sources which is attractive to hemp aficionados. With the current legalization of marijuana movements in full swing, hemp has come back to public view as a valuable resource.

Precious Metals

Discovery Minerals is another branch of Discovery Minerals Ltd (OTCMKTS SCR) that seeks to acquire and develop entities with a focus on precious metals.The company seeks to capitalize on the precious metals markets in addition to its industrial hemp efforts. The company already has established partnerships that will assist in the profiting of gold, silver and other precious metals. Precious metals have experienced a recent decline in prices offering a ground floor pricing opportunity.

Technicals

A recent crossover of the 50 and 100 day moving averages shows solid stability in the issue. Momentum indicators continue to run neutral and indicate a long trend of accumulation. Base building is in effect and continues to be healthy.

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