Eric Sprott Buys Penny Stock, Rare Earths Acting Up, USA Falling Behind
Eric Sprott recently participated in Ramp Metals' private placement ... but why? We talked to Ramp's CEO and VP of exploration to try and figure out what Eric saw in them.
Furthermore, in this episode of Junior Mining Talks, Luc and I talked about what's happening in the rare earth elements market and why they're running. We also discussed a study by S&P Global that showed that the US has the second-longest mine development timeline in the world, at an average of 29 years.
The information provided herein is general & impersonal in nature and meant for entertainment purposes only. The viewer acknowledges and agrees that the information does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy.
The host is not a licensed investment advisor. He is just another talking head on the internet. He might own shares of companies mentioned in this publication. Always assume he doesn't know much more than a potato does.
The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don't read the official documents provided by the company on www.SedarPlus.ca, you will lose all of your money.
Timestamps:
00:00 Intro
01:05 Why are REEs running?
12:53 Why is the US falling behind?
20:48 Why did Eric Sprott invest in Ramp Metals?
25:48 Who is Garrett Smith?
30:34 Does Eric Sprott want to change the overall strategy of the company?
35:39 What’s the strategy for the next exploration program at Ramp Metals?
38:41 What is the geology of the Rottenstone SW property?
54:12 When will Ramp Metals start drilling again?
01:01:44 Contact details for Ramp Metals
