While the hefty loan to LAC raises concerns about potential taxpayer money risks and project viability, given the company's history with cost overruns, the U.S. backing upstream mining projects signals a strategic shift mirroring support given to ARU and LTR. Quebec's mining projects, with their superior grades and resources, could be the likely beneficiaries of this new direction for sure. PMT's trading surge today on massive volumes and large orders, sans news, sparks speculation about possible institutional or government backing, hinting that PMT might be poised to fast-track its significant mining venture.
LLI Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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