Urgent NIA Update: China Cuts Off Heavy Rare Earth Exports to Japan
Be sure to read NIA’s most important report in history about its new #1 favorite overall stock suggestion Saga Metals (TSXV: SAGA) by clicking here!
It was announced this weekend that China is not only cutting off heavy rare earth exports to the U.S., but China has extended its export curbs of heavy rare earths to Japan. According to a brand-new Reuters article published last night (click here to read), “There have been no shipments to Japan of terbium or dysprosium oxide since November and only tiny shipments of yttrium oxide since December, Chinese customs data for May released on Saturday showed.”
SAGA is about to close on its acquisition of the Wolverine Heavy Rare Earth Project in the upcoming days and will launch its maiden drill program at Wolverine this summer. All signs point to Wolverine being rich in yttrium with 26 km² of exposed mineralized tuff at surface of which less than 10% was drilled in last year’s initial shallow early pass RC drill program of 25 holes that confirmed broad, near-surface REE mineralization across a 1.7 km × 1.2 km area hosted within a significant peralkaline caldera system. SAGA has already acquired additional claims of a directly adjacent property where surface showings contain high grades of terbium and dysprosium.
NIA’s #1 favorite gold stock at this time is Westward Gold (CSE: WG).
Westward Gold (CSE: WG)’s Toiyabe Hills Project is directly adjacent to Barrick’s Nevada Cortez Complex. WG’s Toiyabe Hills already has a historical inferred near-surface resource at its Courtney Zone of ~173,000 ounces of gold at 1.2 g Au/t, but geologists believe this near-surface mineralization could represent leakage from a much larger gold system at depth. Today’s news is significant because Westward has launched the first of three drill rigs targeting the SSD Zone, where geologists have identified features that are distinctly reminiscent of the surface geology above Barrick’s Fourmile Project, including silica alteration and quartz porphyry hosted mineralization.
WG’s most recent SSD Zone drilling in late-2022/early-2023 intersected high-grade gold mineralization… causing WG shares to soar by 300% to an April 2023 high of $0.20 per share back when gold was less than $2,000 per oz. Today, with gold trading above $4,000 per oz and Keith Neumeyer recently investing into WG, this is the gold stock that NIA believes has the most upside potential especially ahead of Barrick’s planned record-breaking IPO scheduled for later this year, where Fourmile will be marketed as Barrick’s crown jewel asset!
WG’s recently appointed new Chairman Dr. Quinton Hennigh discovered First Mining Gold (TSX: FF)’s Springpole Gold Project, which is likely to receive EA approval by June 30th allowing Springpole to potentially become Canada’s next major new gold mine!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from SAGA of US$100,000 cash for a twelve-month marketing contract. NIA has received compensation from WG of US$60,000 cash for a six-month marketing contract. NIA has received compensation from FF of US$100,000 cash for a twelve-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.