CHF WEEKLY ROUND-UP: March 4-8, 2024

Canadian markets have had a positive week, rising 1.3%. They are at a year-high and approaching an all-time high. On Wednesday, the Bank of Canada (BoC) held its policy rate steady at 5% for a fifth consecutive meeting, stating that it’s still “too early” to consider rate cuts.
 
In the U.S., the market continues to hold on at all-time highs, with the S&P 500 remaining in the range of 5100. Interestingly, according to regulatory filings, certain insiders at AI powerhouse Nvidia have sold approximately US$180 million worth of stock in the company recently. Is that a sign of a top? Fed Chair Jerome Powell remarked that policymakers are “not far” from having the confidence that inflation is sustainably easing. While this was seen as fueling hopes for rate cuts this year, there were also predictions of no cuts and staying higher for longer, given the strength of the U.S. economy. The U.S. dollar has been weaker for 2 weeks, falling almost to the level at the start of the year.
 
The world’s miners and explorers were gathered in Toronto this week, and, right on cue, Gold made the move through $2,100/oz, reaching as high as $2,181 overnight before pulling back this morning. Silver opened as high as $24.58 this morning before falling to $24.48. Share prices of major producers and some mid-sized companies have been seen to be moving up. Junior exploration companies have not felt the benefit of the higher prices yet.
 
Some positive influence is being seen in most base metals but no surge yet. Battery materials continue to struggle despite a 1-2 % increase in Lithium pricing.
 
It has been an interesting and productive week for our clients, and we are pleased to present to you our round-up of their news released between March 4-8, 2024.



“Check out one of one of our newest clients Able View Global Inc.. What female IR practitioner wouldn’t love to work with a cosmetic/personal care product client? It is a privilege to be part of this incredible growth story as both their IR partner and a new shareholder. I would encourage our readers to review Able View’s presentation and sign up to receive news from the Company.”

Able View Global Inc. (NASDAQ-CM: ABLV) is one of the largest comprehensive brand management partners of international beauty and personal care brands in China. To purchase from global brand owners and conduct sales in China, Able View’s comprehensive brand management capabilities encompass all segments of the brand management value chain, including strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The Company’s mission is to help global brands enter, grow, and succeed in China.

Click here to view Able View’s corporate presentation.

 
On March 3-6, 2024, Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) attended the Prospectors and Developers of Canada (PDAC) Convention in Toronto and were among more than 1,100 exhibitors. Almost 27,000 attendees participated in some of Mining and Exploration’s best business and networking opportunities. A very big “Thank You” to all shareholders and supporters who stopped by the booth to chat with Tim Froude, President & CEO, and his exploration team.

On March 4, 2024, Falcon Gold Corp. (TSX-V: FG) (GR:3FA) (OTCQB: FGLDF) announced that the Company has received drill permit approval to conduct a diamond drilling program at its Great Burnt Copper Project in central Newfoundland. The property will be explored for its potential to host orogenic gold and copper-bearing massive sulphide mineralization that may contain gold. The Company initially plans to test up to ten geophysical anomalies with a maximum of 1100 metres of drilling.

Falcon’s claims overlie the northern continuation of the conductive trend, which is associated with lithologies that host the copper-rich Great Burnt and the gold-rich South Pond deposits held by Benton Resources/Spruce Ridge Resources, Great Burnt Copper-Gold joint venture. The northern conductive trend has never been drill-tested or subjected to any systematic exploration program. Desktop studies have identified nine geophysical targets (see dots on the map) within Falcon’s project that are drill-ready.

March 4, 2024 – Visionstate Corp. (TSXV: VIS) announced a non-brokered private placement of up to $700,000. The financing will consist of one full unit at $0.02 (two cents) per share, along with a full warrant exercisable at $0.05 (five cents) per share for a term of 24 months upon closing, subject to an acceleration clause on the same terms as the prior placement.
 
The price per share is based on the previous closing price of the Company’s common shares on Friday, March 1, 2024. The Company intends to issue up to 35 million shares for this financing round. This non-brokered placement follows the successful closure of an oversubscribed financing round totaling $400,000, which closed on February 22, 2024.
 
Proceeds from the placement will be primarily allocated towards the acceleration of the development and commercialization of new products designed to enhance the Company’s Internet of Things (IoT) solutions and expand its market reach. Visionstate Corp. remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

On April 23-25, 2024, Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) will be attending and presenting at the Central MinEx Mineral Industry Showcase, an initiative by the Gander and Area Chamber of Commerce in partnership with the Town of Gander.
 
This conference and trade show event will promote exciting dialogue featuring industry thought leaders, technical experts, suppliers, and the local business community to exchange ideas and ignite new opportunities in the mineral exploration and development sector. The conference program will feature a Trade Show, Prospectors’ Tent, Core Shack, and Networking Events.
 
Register Here.