Titan Mining Hitting ATM Offering Too Hard?
Some NIA members are mad that Titan Mining (TSX: TI) is hitting the ATM offering too hard, considering its NYSE-listed symbol TII traded 24.98 million shares in a day and finished down on the biggest news in company history. They are selling $50 million in shares through the ATM to pay for the processing of graphite at U.S. Army bases with zero taxpayer cost. Titan is building a strong relationship with the DOD, and after these shares are done being sold, we should see a significant upward revaluation.
What has HydroGraph Clean Power (CSE: HG) done to follow through on all of its promises? Its market cap remains at C$1.928 billion on promises of U.S. Army deals, of which it has accomplished absolutely nothing in real life. TI's market cap is only C$289.95 million. NIA predicts TI will finish 2026 at a higher market cap than HG.
REAlloys (ALOY), which signed a similar deal with the U.S. Army but for processing Heavy Rare Earth Elements, has just sold a $100 million private placement at $14.25 per share. It is simply a different way of doing the financing, and its market cap is US$1 billion, significantly higher than Titan, even though TI has its own graphite in New York and doesn't need to source it from elsewhere.
ALOY seems like it plans to source its Heavy Rare Earths from the Tanbreez Project of Critical Metals (CRML) in Greenland. This is exactly why Saga Metals (TSXV: SAGA) will be such a huge success. It hasn't once had a single 1 million share volume day since our suggestion. CRML averages 12 million shares of volume per day, which is $120 million in dollar volume every day. Imagine when these investors learn about SAGA and its Wolverine Heavy Rare Earth Project, located directly in between Tanbreez and Strange Lake.
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