Movers and SHAKERS
Ely Gold Royalties (ELYGF)(ELY:CA)
Ely Gold Reveals Rare Earths Potential of its El Campo Property in California
As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Rare earths at El Campo. Ely Gold Royalties announced that nine assayed samples at its El Campo property in San Bernardino County, California returned up to 8.60% total rare earth oxides, including Cerium (Ce), Lanthanum (La), Samarium (Sm), and high value magnet metals Neodymium (Nd) and Praseodymium (Pr) which are used in electric vehicles and wind turbines. All nine of the samples returned rare earth oxide values of 4% or greater.
Available for sale. The El Campo property, which Ely Gold acquired through staking, encompasses five contiguous unpatented mining claims that are adjacent to mining claims held by MP Materials (NYSE: MP, Not Rated), the largest producer of rare earth materials in the United States, that encompass the Mountain Pass Mine. El Campo is currently in Ely Gold Royalties’ “Available for Sale” portfolio and ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.