Many of the world’s top titanium deposits contain iron. High Fe₂O₃ doesn’t mean poor economics; it’s about how efficiently the titanium can be extracted. High iron content does not necessarily mean poor economics—separation technology has advanced significantly.
Iron Can Be an Advantage – Instead of being a liability, iron can be a valuable byproduct, providing additional revenue streams. Dismissing the project simply because iron is present is misleading.
Enova’s drill results show TiO₂ grades above 20% in several intercepts, which is highly competitive. For comparison, many successful titanium projects operate with similar or lower grades.
Look at Grade, Not Just Ratio – The TiO₂ grades shown (some exceeding 20%) are highly competitive, especially for an early-stage resource. Critical mineral status, growing aerospace & EV markets, and supply chain concerns make titanium increasingly valuable.
The global demand for titanium is surging, with increasing use in aerospace, defense, EVs, and other high-tech industries. Supply chain security concerns are driving governments to support domestic projects.
Enova’s grades, intercepts, and potential resource scale put it in a stronger position than PTR. The market hasn’t caught up yet, but when it does, Enova’s valuation could see significant upside.
ENV Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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