2022 was quite an interesting year for the mining market, especially the yellow metal.
Gold started off the year on a joyride, climbing from just shy of $1,800 USD to almost reaching new highs of $2,100.
Going into 2023, we’ve already seen EXTREMELY strong action in gold and we at First Phase Media are very bullish on the yellow metal.
With the global money printing experiment having run its course, devaluation of global currencies could be on the horizon.
What does this mean for gold?
There could be immense buying pressure globally as people look to protect their wealth. With it’s enduring value and relative stability, gold can be a smart choice for those looking to diversify their investment portfolio.
In a world where economic uncertainty and market volatility are becoming increasingly common, gold's value as a "safe haven" asset has only grown.
Some of the industries best have predicted the following in 2023...
Seasoned investor, Robert Kiyosaki predicts:
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Historically, in gold mining some of the the best returns have come from junior exploration companies.
You don’t always have to bet on the metal itself to reap the rewards. You can back the companies who seek and discovery it.
One Canadian company stands out among its peers. With a large cash position (something you need to see in today’s market) and multiple properties strategically located in Canada.
This company should be strongly considered as a holding in your portfolio.
Harfang Exploration (TSX-V: HAR) has already had over 50 gold showings since 2017 on their flagship property.
So just who is Harfang?
Harfang Exploration Inc (TSX-V:HAR) is a technically driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario. Exploring for high-grade gold, and critical and strategic minerals in the Eeyou-Istchee James Bay and Abitibi districts of Québec and Ontario.
The company has 10 properties strategically located the regions mentioned above.
The project breakdown is as follows:
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For a quick intro video about HARFANG Exploration, click the play button below.
Understanding The Fundamentals
Location: A Tier 1 Jurisdiction
Centred in the Eeyou-Istchee James Bay and Abitibi districts of Québec and Ontario. More than 50 gold showings have been discovered at Serpent and Radisson since 2017.
Portfolio of Highly Prospective Projects
Value anchored in diverse portfolio of prospective high-grade gold, and critical and strategic minerals including lithium, nickel, PGE, copper and chromium.
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As of recent, Harfang just had two big announcements.
The first, on January 19th:
CEO & President, Ian Campbell, commented, “The Eeyou Istchee James Bay region is experiencing heightened staking activity based on its abundance of lithium-bearing pegmatites including four deposits with defined resources. In addition, this region has recorded numerous recent discoveries including Corvette by Patriot Battery Metals just east of our projects underscoring the exploration potential of the area. Our team ranks amongst the most knowledgeable in Eeyou Istchee James Bay and has recently completed a detailed data compilation for targeting purposes resulting in the acquisition of the Ewart claims, and the expansion of the La Passe Property. We believe both properties have excellent potential for the discovery of lithium-bearing pegmatites. In addition, prospecting on the Serpent-Radisson Property in 2022 discovered encouraging beryllium, lithium, cesium and tantalum mineralization not previously recognized. These land acquisitions are proximal and complementary from an operational perspective to our high-grade gold projects, including Lake Menarik and Serpent-Radisson.”
And the second, on February 8th:
CEO & President, Ian Campbell, commented, ““The Eeyou Istchee James Bay region of Québec is rapidly emerging as a North American lithium province comparable to some of the largest districts globally based on the occurrence of several deposits and recent discoveries. It will further benefit from the intensity of exploration this year and I believe there is a high probability that additional discoveries will be made throughout the region given the early stage of exploration in most areas. Importantly for Harfang is that many of our already existing and new targeted projects have overlapping potential for the discovery of both lithium-bearing pegmatites and gold mineralization.”
For Reference, Patriot Battery Metals was trading at 0.21 in November of 2021.
It’s now trading at (As of date of writing)
Another company that announced Lithium properties is Azimut Exploration (TSX-V:AZM)
Azimut is up over
Could it be Harfang’s turn up next? James’ Bay is a massive potential lithium hotspot.
A Strong Leadership Team & Experienced Management and Board
Team of industry professionals with a track record of success in exploration and business development. Past experience includes but is not limited to: (Temex Resources Corp, LaSalle Exploration Corp, LakeShore Gold)
Mr. Ian Campbell has over 35 years of junior mining experience. He was President, CEO and a Director of Temex Resources Corp. from 2005 until its plan of arrangement with Lake Shore Gold Corp. in 2015, followed by Manager of Projects, Canada for Tahoe Resources Inc. He was President, CEO and a Director of LaSalle Exploration Corp. from 2018 until its plan of arrangement with Harfang Exploration Inc. in April 2022. Mr. Campbell has been integral in identifying, acquiring and developing key exploration projects, joint venture and strategic relationship agreements with junior and senior exploration/mining companies and First Nations communities. Mr. Campbell holds a BSc Geology and is a member of Professional Geoscientists of Ontario (PGO).
François Huot holds a PhD in Marine Geosciences from Université de Bretagne occidentale in France (2001), and MSc (1997) and BSc (1994) degrees in Geology from Université Laval. He is member of l’Ordre des géologues du Québec since 2003. Mr. Huot has accumulated more than 20 years of experience in mining exploration in Québec both as a Senior geologist with Virginia Mines and as a consultant. He has a lot of experience in developing grassroot exploration projects in the Eeyou Istchee James Bay and Nunavik regions, particularly on base metal (Ni-Cu-PGE and VMS settings) and gold ore deposits. He was an adjunct professor at the Department of geology and geological engineering of Université Laval from 2013 to 2017.
Mr. Robert is a member of the Ordre des comptables professionnels agréés du Québec, CPA, CA since 1996, and holds a Bachelor of Business Administration with a concentration in accounting since 1994. Since 2016, Mr. Robert provides financial reporting and accounting services to several junior public companies in the mineral exploration business. From 2011 to 2016, Mr. Robert held the position of Vice President, Finance, Chief Financial Officer and Treasurer at Strateco Resources Inc.He also held the position of Chief Financial Officer at Opti-Coating Laboratories Inc., as well as of Finance & Administration Director at Vision2 International Inc. from 2000 to 2009.
Marc Pothier focuses primarily on securities, corporate finance, and mining law. He has often participated in listings, private placements, arrangements, reorganizations, and qualifying transactions carried out by a large number of issuers. Marc Pothier is consistently ranked as a leading lawyer in the domains of mining and natural resources law. He has been included in the Canadian legal directory Best Lawyers in Canada since 2008 and in the Canadian legal directory LEXPERT since 2012. In addition, Marc Pothier was named “Lawyer of the Year” in the Best Lawyers 2015 directory in the natural resources sector in Montreal.
Strong Financial Position
Solid cash position and strong, supportive institutional shareholder base
Harfang’s post-merger share structure is excellent and is shown below. The company has 63.35 M shares fully diluted including 3.07 M warrants ($1.19-$1.32) and 2.55 M options ($0.54-$0.94).
Well known and strongly supportive Québec Institutions hold roughly 21% while other groups own a total of 18%; these include Pan American Silver, Osisko Development, and Crescat.
The float, estimated at 43%, represents an excellent opportunity for investors. A tight float will provide a chance to see wider variations in the stock price. As of Q2 ending July 31, 2022, the Company has robust working capital of $9.4 M and no debt.
Harfang Exploration - Stock Information
Harfang trades on the TSX-V under the ticker: HAR
It also trades in the US on the OTC under the ticker: HRFEF
Harfang Exploration (TSX-V: HAR) Is a Junior Exploration Company That Should to Be on Your Watchlist
In Summary
The stock price is traded at around $0.20 close to its 52-week low of $0.18 and representing an $11.8 M market capitalization. What makes us say the company is strongly undervalued is its 52-week high is at $0.64, and out of the market cap, $9.4 M is accounted for the cash position.
Bottom Line
Harfang Exploration Inc. (TSX-V:HAR) stands out from other exploration companies due to a robust cash position of $9 M and a highly prospective portfolio of assets in Québec and northeastern Ontario, top-tier jurisdictions in Canada. The Company is managed by an experienced team of industry professionals with a proven track record of success.
Disclaimer & Disclosure
First Phase Media Inc. (“First Phase”, “Us”, “Our” and/or “We”) is a Canadian-based media company that typically works with publicly traded companies and provides digital marketing strategies and services.
This website/media webpage is owned and operated by First Phase Media Inc.
First Phase has been retained by Harfang Exploration Inc to provide various digital marketing and advertising services. We have an agreement with Harfang Exploration Inc.for them to pay us up to thirty four thousand, eight hundred dollars during the term of the agreement. (We do not own stock, options or warrants. We may buy or sell securities of Harfang Exploration Inc in the future.)
The information contained herein relating to such Issuer has been prepared by or on behalf of such Issuer and the information regarding such Issuer is being provided to you by First Phase at the direction of, and on behalf of such Issuer.
We are NOT securities dealers or brokers, investment advisors or financial advisors, and you should not rely on the information herein as investment advice. If you are seeking personalized investment advice, please contact a qualified and registered broker, investment advisor or financial advisor. You should not make any investment decisions based on our communications.
The content disclosed herein is intended to highlight Harfang Exploration Inc. for your further investigation; this is not a stock recommendation or constitutes an offer or sale of the referenced securities. The securities of Harfang Exploration Inc.. may be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the company’s SEDAR and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it. We do not guarantee the timeliness, accuracy, or completeness of the information on our website/media webpage. The information in our website/media webpage is believed to be accurate and correct and We have asked Harfang Exploration Inc. to review the contents as it relates to them, but has not been independently verified and is not guaranteed to be correct.
At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. By using our website, you agree not to hold our site, its editors, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our website/media webpage.
We do not provide personalized or individualized investment advice or advice that is tailored to the needs of any particular recipient. Any information provided as part of the services is impersonal and not specific to any person’s investment needs. You acknowledge and agree that no content published or otherwise provided as part of any service constitutes a personalized recommendation or advice regarding the suitability of, or advisability of investing in, purchasing or selling any particular investment, security, portfolio, commodity, transaction or investment strategy. To the extent that any of the content may be deemed to be investment advice or recommendations in connection with a particular security, such information is impersonal and not tailored to the investment needs of any specific person.
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Forward-Looking Information & Risk Factors
This presentation contains forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation’s current expectations regarding future events. Such statements can be recognized by the terms “forecast”, “anticipate”, “consider”, “foresee” and other terms and similar expressions. In this presentation there is forward-looking information based on a number of assumptions and subject to a number of risks and uncertainties, many of which are beyond the Corporation’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in Section 16 of the Company’s Management Discussion and Analysis filed on SEDAR at www.sedar.com. Any forward-looking information included in this presentation is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Corporation assumes no obligation to update or revise any forward-looking information to reflect new circumstances or events.
Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is not exhaustive of the factors that may affect any of the Company’s forward looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward looking statements. The Company does not undertake to update any forward looking statement that may be made from time to time by the Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward-looking statement.
Read Harfang Exploration’s Forward-Looking Statement Here
Forward-Looking Statements or Information Related to Exploration:
Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surfaces may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration, in general, are that chances of identifying economical reserves are extremely small.
Sources:
https://harfangexploration.com/en/
https://www.fxempire.com/forecasts/article/gold-price-forecast-gold-markets-continue-to-pressure-the-upside-1226235
https://goldprice.org/news/gold-price-preview-december-5-9
