Erik Wetterling – Talking Stocks - Updates on Juggernaut Exploration, District Metals, and Lion One
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to talk stocks and discuss three junior precious metals and base metals companies with recent news out to the market.
- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) reported that drilling has recently commenced on its 100% controlled Midas property where drill hole MD-24-47, the first drill hole of the season collared from the Kokomo showing, has intercepted 2 meters of semi-massive sulphide (5-7% pyrite, 2% chalcopyrite and 1% sphalerite) within a broader interval of 84.50 meters.
- District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) reported on assay results for the six drill holes (extension of TOM22-037B, TOM24-039 to -043) from the Spring 2024 drill program at the high grade polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. Drill holes TOM24-041 to -043 targeted the Steffenburgs Zone massive sulphide lens down-dip beneath holes TOM21-025, -028 and TOM22-038, which were highlighted by down hole intercepts of 14.3 m at 14.2% Zinc Equivalent (ZnEq) (210.0 to 224.3 m), 30.05 m at 10.9% ZnEq (148.35 to 178.40 m), and 25.5 m at 8.2% ZnEq (249.0 to 274.1 m), respectively.
- Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) announced the Company has closed the fully-subscribed upsized brokered private placement financing (the "LIFE Offering") previously announced on July 18, 2024 and July 19, 2024 by issuing 27,027,027 units of the Company at a price of C$0.37 per Unit for aggregate gross proceeds of C$10,000,000. Concurrently with the LIFE Offering, the Company completed, a non-brokered private placement of 4,458,352 Units on the same terms as the LIFE Offering, for gross proceeds of C$1,649,590.24 (the "Sidecar Private Placement") and together with the LIFE Offering, in aggregate issued 31,485,379 Units for gross proceeds of C$11,649,590.24.
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
