RT Minerals Corp. (TSX.V: RTM) Cash, Assets, 4 Gold Properties, and 1 Lithium Property
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RT Minerals Corp. (OTC Pink: RTMFF) is a Canada-based junior resource company that primarily engages in the acquisition, exploration, and evaluation of precious metal properties in North America. As of October 2016, RT Minerals Corp. (OTC Pink: RTMFF) held interest in five different mineral properties:
1. Ballard Lake Property – Gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
2. Norwalk Property – Gold property located approximately 5 kilometres south of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.
3. Dill River Property – Gold property located several kilometres southeast of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.
4.Golden Stock Gold Property – Gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
5.Lac Mica Property – Potential lithium property located approximately 130 kilometres north of Montreal, Quebec, in which the Company owns a 100% interest.
In what Goldman Sachs Group Inc. (NYSE: GS) called “the new gasoline,” lithium’s demand could triple within the next ten years thanks to the growth in electric car market. The bullish forecast and outlook on lithium by Goldman Sachs Group Inc. (NYSE: GS) came after Tesla Motors Inc. (NASDAQ: TSLA) CEO Elon Musk stated that “[Tesla] would basically need to absorb the entire world’s lithium-ion production,” in order to reach its target of 500,000 cars per year.
As you can see, RT Minerals Corp. (OTC Pink: RTMFF) maintains 100% ownership (or option for 100% ownership) in each of its five mineral properties. In addition, the company is primarily focused on gold and lithium (four gold properties, one lithium property). All of RT Minerals Corp. (OTC Pink: RTMFF)’s properties are located in Canada; however, the company has suggested that they would be open to expanding into the United States, if an opportunity presents itself. For now, management plans to continue focusing on acquisitions, and drilling its current properties.
In late September/early October, RT Minerals Corp. (OTC Pink: RTMFF) commenced drilling of at least three holes beneath the higher grade gold values in the trenches on the Ballard Lake property. The company will also review the drill core for local geology in gold zones. Other minerals, such as kimberlites, are known to be present in the area. RT Minerals Corp. (OTC Pink: RTMFF) says they plan to release a report on the drill results from the Ballard Lake property over the next two weeks.
RT Minerals Corp. (OTC Pink: RTMFF)’s market cap is approximately $1.43 million with a share structure consisting of 14.55 million shares authorized, as of October 2016. During the company’s fiscal second quarter, ending May 31st, RT Minerals Corp. (OTC Pink: RTMFF) reportedly held cash and equivalents of $359,168 CAD, total assets of $538,710 CAD, and total liabilities & shareholder equity of $538,710 CAD (unaudited). Furthermore, Canadian-listed shares of RT Minerals Corp. (TSX.V: RTM) have soared 90% year to date, as of October 2016.
For the full report on EmergingGrowth.com visit: http://emerginggrowth.com/rt-minerals-corp-ts...-property/
Overall, the mining industry has sustained a strong rebound in 2016, thanks to underlying commodity price appreciation. There are some short-term headwinds that could push precious metal prices lower, such as the election and a perceived interest rate hike by the Federal Reserve. However, with the IMF sounding the alarm on a potential global debt crisisand high stock market valuations, gold’s long-term prospects continue to look positive. This will help continue the recovery in the precious metal mining industry. RT Minerals Corp. (OTC Pink: RTMFF) is well-positioned to continue benefitting from increasing precious metal prices. The company’s 4 gold properties and 1 lithium property are scheduled to continue with exploration and further development into 2017.
Disclosure:
All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-78633/ Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.
For the full report on EmergingGrowth.com visit: http://emerginggrowth.com/rt-minerals-corp-ts...-property/
RT Minerals Corp. (OTC Pink: RTMFF) is a Canada-based junior resource company that primarily engages in the acquisition, exploration, and evaluation of precious metal properties in North America. As of October 2016, RT Minerals Corp. (OTC Pink: RTMFF) held interest in five different mineral properties:
1. Ballard Lake Property – Gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
2. Norwalk Property – Gold property located approximately 5 kilometres south of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.
3. Dill River Property – Gold property located several kilometres southeast of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.
4.Golden Stock Gold Property – Gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
5.Lac Mica Property – Potential lithium property located approximately 130 kilometres north of Montreal, Quebec, in which the Company owns a 100% interest.
In what Goldman Sachs Group Inc. (NYSE: GS) called “the new gasoline,” lithium’s demand could triple within the next ten years thanks to the growth in electric car market. The bullish forecast and outlook on lithium by Goldman Sachs Group Inc. (NYSE: GS) came after Tesla Motors Inc. (NASDAQ: TSLA) CEO Elon Musk stated that “[Tesla] would basically need to absorb the entire world’s lithium-ion production,” in order to reach its target of 500,000 cars per year.
As you can see, RT Minerals Corp. (OTC Pink: RTMFF) maintains 100% ownership (or option for 100% ownership) in each of its five mineral properties. In addition, the company is primarily focused on gold and lithium (four gold properties, one lithium property). All of RT Minerals Corp. (OTC Pink: RTMFF)’s properties are located in Canada; however, the company has suggested that they would be open to expanding into the United States, if an opportunity presents itself. For now, management plans to continue focusing on acquisitions, and drilling its current properties.
In late September/early October, RT Minerals Corp. (OTC Pink: RTMFF) commenced drilling of at least three holes beneath the higher grade gold values in the trenches on the Ballard Lake property. The company will also review the drill core for local geology in gold zones. Other minerals, such as kimberlites, are known to be present in the area. RT Minerals Corp. (OTC Pink: RTMFF) says they plan to release a report on the drill results from the Ballard Lake property over the next two weeks.
RT Minerals Corp. (OTC Pink: RTMFF)’s market cap is approximately $1.43 million with a share structure consisting of 14.55 million shares authorized, as of October 2016. During the company’s fiscal second quarter, ending May 31st, RT Minerals Corp. (OTC Pink: RTMFF) reportedly held cash and equivalents of $359,168 CAD, total assets of $538,710 CAD, and total liabilities & shareholder equity of $538,710 CAD (unaudited). Furthermore, Canadian-listed shares of RT Minerals Corp. (TSX.V: RTM) have soared 90% year to date, as of October 2016.
For the full report on EmergingGrowth.com visit: http://emerginggrowth.com/rt-minerals-corp-ts...-property/
Overall, the mining industry has sustained a strong rebound in 2016, thanks to underlying commodity price appreciation. There are some short-term headwinds that could push precious metal prices lower, such as the election and a perceived interest rate hike by the Federal Reserve. However, with the IMF sounding the alarm on a potential global debt crisisand high stock market valuations, gold’s long-term prospects continue to look positive. This will help continue the recovery in the precious metal mining industry. RT Minerals Corp. (OTC Pink: RTMFF) is well-positioned to continue benefitting from increasing precious metal prices. The company’s 4 gold properties and 1 lithium property are scheduled to continue with exploration and further development into 2017.
Disclosure:
All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-78633/ Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.
