After buying American Rare Earths Ltd (ARR) for this portfolio recently, I was on the lookout for another Rare Earth (RE) junior to add. There is several asx listed RE juniors around with presence in the local region, but I was researching for juniors with exposure to the neighbourhood in the Americas as in the case with ARR...
Vital Metals Limited (VML) has it's operations in Canada, so in the American neighbourhood. VML also has an excellent management team amongst the asx listed junior mining companies, who has managed to get the RE mining operation going in a very short time and now becoming the first RE producer in Canada...
Becoming a producer should put VML in the limelight in the US region as China-US tensions escalate due to Taiwan situation. US president Joe Biden is encouraging local production of critical minerals:
Open Portfolio:
Booked profits on short term trade in CGC. There could be further upside, but happy with the stock meeting the short term objective for the below reasons:
1. Price has exceeded the target height from peak of the head to neckline. Text book example of Target Price Projection for inverse Head and Shoulders pattern shown below:
2. Recent price gap filled/closed:
Caption from my trading account that shows trade exit:
Closed Positions:
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After buying American Rare Earths Ltd (ARR) for this portfolio...
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