BREAKOUT ALERT

COMPANY: Far Resources Ltd.

SYMBOL: FRRSF

RANGE: .17-.19/share

POTENTIAL CATALYST: EV Market Needs Lithium 

Dear Fellow Trader,

Immediately turn your attention to Far Resources Ltd. (FRRSF)

Barron's, the world's premier investing publication providing financial news, in-depth analysis and commentary on stocks, recently said:

“Tesla Needs Lithium”

...And now I am bringing you a Special Report on Far Resources Ltd.

FAR Resources is an exploration company focused in today’s burgeoning precious metal markets in Gold/Silver, and continuing the new wave of renewable energy of Lithium developers. They currently have assets in Gold/Silver in New Mexico, USA and in Lithium located in Snow Lake, Manitoba Canada, and Hidden Lake, NWT, Canada.

Their company recognizes today’s global initiatives of providing GREEN energy choices and FAR Resources quickly adapts and respond to those demands and are proud to be part of the chain that provides friendlier environmental options, increasing shareholder value.

Lithium’s widespread use is nothing new, but the spotlight has been on the metal as demand for it appreciates. Although it's not a precious metal, companies have been quick to mine it because it has become a critical element in a fast-growing market.

According to a recent report published by Research and Markets, the lithium-ion battery market was valued $36.7BIL in 2019, and is projected to reach $129.3BIL by 2027, at a CAGR of 18% from 2020 to 2027.

The global lithium-ion battery market growth is driven by increase in use of various automobiles such as electric & hybrid vehicles. In addition, the product demand is expected to rise across the electrical & electronics industry, owing to surge in penetration of smartphones and laptops.

Lithium-ion batteries are widely used in electronic devices such as tablets, laptops, mobile phones, PCs, and cameras due to their prolonged service life and high energy density. Among all electronic devices, smartphones, tablets, and laptop/PCs are the major segments that use lithium-ion batteries. In the current business scenario, efficiency of batteries is one of the vital features that is required for the improved sale of electronic devices across the globe. Primarily, smartphones, tablets, and laptop/PCs are witnessing higher sales, compared to other electronic gadgets, due to their improved performance coupled with low prices. Battery back-up is considered as one of the important features consumers enquire before buying any tablet, mobile phone, or laptop/PC. As Li-ion batteries provide enhanced battery life, they are majorly preferred in smartphone manufacturing, which, in turn, is expected to enhance the product demand over the coming years.

The world’s leading investment bank, UBS, recently released an in-depth report on battery materials for its institutional clients. And Forbes has their permission to share some of their mind-boggling estimates with you.

UBS analysts crunched the numbers on the progress of seven different battery technologies (in tech lingo: “battery cells”). They estimate that EVs will reach a cost parity with gas-powered cars by 2024.

Let that sink in.

As soon as four years from now, EVs will co∙st n∙o more than the “dirty cars” most people are still driving. That's the tipping point that will make people go from “One day I’ll buy...” to “Hmm, should I buy an electric or gas car?”

For this reason, UBS projects that EVs will make up nearly half of all new car sales by 2030, as you can see here:

That said, 10 years is a long time, and telling what those cars will be is a flat-out guess. But you can count on one thing: they’ll all be stuffed with tons of lithium-ion batteries.

EVs will need more batteries than we can wrap our heads around.

As you probably know, lithium-ion batteries have been around for decades. Right now, and every day, all day, they power billions of devices: Bluetooth earbuds, cameras, laptops, and e-scooters—anything you don’t need a cord for.

But all the world’s gadgets are just a drop in the ocean compared to the battery power 3,500-5000lb vehicles will eat up. Take a look at this chart which shows how EVs will explode battery demand in the coming years:

By 2030, EVs will need 2,700 GWh worth of lithium-ion batteries a year. For perspective, that’s equivalent to 225BIL iPhone 11 batteries—and 13X more battery power than we use today.

Now, lithium batteries are made of a number of materials and chemical compounds. And their composition varies based on technology. I’m not a chemist, but I can tell you one thing: no lithium-ion battery can be made, well, without lithium.

It’s the lightest metal on earth and the key component of today’s rechargeable batteries. And obviously, as demand for batteries grows, so will demand for lithium. In fact, UBS analysts estimated that the lithium market will grow 8X by 2030. 

Problem is, where will we get all this lithium?

Far Resources (FRRSF)

May Have The Answer with 2 Lithium

Projects in the Works.

#1 Zoro Lithium Project

Sources: https://farresources.com/zoro-lithium/

Exploration has been rapidly advanced on the property with an integrated program of prospecting, innovative soil geochemical surveys and five diamond drill programs totaling 8,406 m in 60 hole

Highlights

Maiden resource reported on portion of D1 dyke in 2018: 1.1Mt at 0.91% Li2O.

Five successful drill campaigns completed, leading to the discovery of at least 13 lithium-bearing pegmatite dykes, as the company defines major dyke swarms over 30 km2 property.

Spodumene mineralization potential is open for expansion on the majority of discoveries.

36.5 m wide D8 discovered under soil geochemical anomaly, proving success of Mobile Metal Ions (MMI).

Five additional dykes discovered in winter 2018/19 campaign — high success rate for discovery.

Over fifty additional geological and MMI geochemical anomalies untested — more dykes waiting.

Good metallurgy expected: low-iron, white to light green spodumene suggests high extraction.

Byproduct metal potential assessed in NI 43-101 grade and tonnage estimate. 

Excellent grades and widths, up to 1.4% over 49.8 m.

Excellent infrastructure: surrounded by mines, rail, power and access to skilled work-force.

Snow Lake is mining friendly, with a long history of extractive industries. Manitoba ranks highly for mining investment by the Fraser Institute.

Work programs at Zoro in 2016 with prospecting and sampling of the then seven known dykes, confirming the lithium content of the spodumene bearing pegmatites.

In 2017, the project advanced rapidly due to the positive results yielded from continued drilling of Dyke 1

In 2018, a winter drill program led to the discovery of a previously unknown spodumene-bearing pegmatite dyke, Dyke 8 (D8). The discovery of this additional dyke was made during the drill-testing of a Mobile Metal Ions (MMI) soil geochemical anomaly and brought the total of known high-grade dykes on the Zoro Lithium Property to eight.

Subsequent drilling has stepped out to cover additional MMI anomalies. The most recent campaign has brought the total number of dykes to thirteen.

Size is one of the keys to defining an economic lithium deposit. Far started with the Zoro 1 Claim and added adjacent claims covering the other known dykes in the area, expanding the property from 0.5 square kilometres to 3.0 square kilometres, a 600% increase.

#2 Hidden Lake Lithium Project

Source: https://farresources.com/hidden-lake-lithium/

The Hidden Lake lithium project is located approximately 45 km east-northeast from Yellowknife and can be reached by the all-weather Ingraham Trail Highway (Highway 4), and/or by charter helicopter or float plane.

Hidden Lake hosts lithium-bearing pegmatite dykes that are part of the larger Yellowknife Pegmatite District which have been described as the largest lithium resource in Canada with a minimum of 55,000,000 US tons at 1.41% L2O primarily as spodumene. 

The project consists of four claims with an aggregate area of 1,849 hectares. Extensive channel sampling and assays by previous workers documented significant lithium mineralization over substantial intervals for each of the four surveyed dykes, including a maximum value of 1.75% Li2O over 6.01 metres.

The dykes have exposed strike lengths of up to 800 m and up to 20 m in width at surface but are concealed by overburden cover.

Light green to whitish spodumene hosted in pegmatite was intersected in each of ten drill holes and varied from 2.65 m to 11.12 m in width.

Additional minerals include potash feldspar, albite, quartz, lesser muscovite and rare tourmaline.

Host rocks to the pegmatites are quartz-biotite-cordierite aluminous metasedimentary rocks. Assay results from drill core confirm high-grade lithium mineralization is present with Li2O values varying from 1.0-2.0% over intervals up to 9.2 metres.

The high-grade nature of these spodumene-mineralized pegmatites coupled with the demonstrated favorable metallurgical characteristics demonstrated by previous operators makes these drill results significant.

Future exploration will focus on drilling the high grade dykes beneath the initial holes to determine the shape of the dykes and to provide estimates of grade and tonnage.

Far Resources Ltd. (FRRSF) is Led by a Very Experienced Board

and Management Team with Extensive Knowledge in the Mining Industry.

John Gammack | CEO & President

John Gammack is a long term supporter of Far, and brings extensive experience working with both public and private companies, including oil and gas, mining and technology. He has been involved in securing over $300M in financings over the last thirty years. He currently sits on the board of four companies: ENE-MIN Development Corp (a private lithium exploration and development company); Transylvania Metals (a private polymetallic exploration and development company); BE4 Resources (beryllium); and Agrocasa CBD Commodity Inc. (hemp).

Robert G. Dinning, CA, CPA | CFO & Board Member

Mr. Dinning is a Chartered Accountant and Chartered Professional Accountant. Mr. Dinning has been self-employed providing consulting services in financial and business services in the natural resource industry, including to mining and oil and gas industry companies listed on public stock exchanges. He has also served as officer and director of various mining/oil exploration companies. Mr. Dinning served as CFO and later CEO of Apolo Gold & Silver, an OTC-listed company, from 1999 to 2012; CEO of Industrial Minerals Ltd., the owner of a large graphite property in Northern Ontario, from 2006 to 2010; Chairman and director of Paramount Gold and Silver Corp., a TSX-listed company, from 2008 to 2015; officer of ATAC Resources Ltd., a TSX Venture Exchange-listed company, from 2010 to 2012; CEO of Simba Energy Inc. (formerly Goldstar Resources), a TSX-listed company, from 2009 to 2016 and director of Simba Energy Inc. from 2016 to present and Chairman and CEO of Meadow Bay Gold Corp. from 2010 to 2016. Mr. Dinning attended the University of Alberta and obtained his CA designation in 1963 with Peat Marwick Mitchell & Co. (now, KPMG).

Lindsay Bottomer P.Geo | Geoscientific Advisor

Lindsay has over 45 years of experience in international exploration and development, most recently focused on epithermal gold and porphyry copper-gold exploration in the American Cordillera and Central Asia.He and company founder Keith Anderson conducted the initial site visit and recognized the potential for high grade epithermal silver-gold mineralization in the historic mining camp which has been dormant since the early 1980s.

Vancouver-based geological consultant with over 40 years worldwide experience. Recently retired from Entrée Gold after 10 years as VP Acquisitions/Corporate Development; major involvement in exploration of Oyu Tolgoi concessions in Mongolia, leading to discovery and delineation of Hugo North Extension Cu-Au and Heruga Cu-Au-Mo porphyry deposits, and acquisition of Ann Mason Cu-Mo porphyry in Nevada.Significant previous experience with epithermal Ag-Au deposits in North and South America and Eastern Australia, and Archean lode Au deposits in Canada and Australia.

James H. Coleman | QC, Advisor

Mr. Coleman is currently the Executive Director and Chairman of the Board of Gold Reserve. Mr. Coleman became a Director in February 1994 and Chairman of the Board in 2004. Mr. Coleman is a senior partner of the law firm of Norton Rose Fulbright. He is also a Director of several Canadian companies in the natural resource sector. Mr. Coleman also serves as a Director of Great Basin Energies, Inc. and MGC Ventures, Inc.

Victor Cantore | Advisor

Mr. Cantore is currently the President and CEO, Director of Amex Exploration. Mr. Cantore is a seasoned capital markets professional specializing in the resource and hi-tech sectors. He has more than 20 years of advisory and leadership experience having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. During his career he has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Mr. Cantore serves on the boards of various companies both private and public.

The Honorable, John D. Reynolds | Advisor

Hon. Reynolds' career includes substantial experience in venture capital development, consumer products marketing, resource sector development and elected political office, both federal and provincial. Hon. Reynolds was appointed as a member o f the Queen’s Privy Council for Canada on February 6th, 2006. In March, he was appointed as a Senior Strategic Advisor to McMillan LLP in Vancouver.

Marius Van Andel | Advisor

Mr. Van Andel has a M.Sc. Agriculture and Doctoral Degree Economics from Erasmus University, Rotterdam the Netherlands. He obtained his Juris Doctor degree from Queen’s University, Kingston, Ontario. Mr. Van Andel has extensive international work experience in the Netherlands, Israel, and P.R. China. Mr. Van Andel held positions with Peat Marwick Mitchell (now K.P.M.G.), University of Guelph, Canadian Imperial Bank of Commerce and the University of Saskatoon, Saskatchewan. He also held positions with the Nanjing Institute of Technology, Nanjing, P.R. China G&D Law Firm, Nanjing, P.R. China. 

Mark Fedikow, P. GEO  |  QP

Dr. Fedikow has over 40 years of experience as an exploration geochemist and mineral deposits geologist working in both private and public sectors. He is a Fellow at the Association of Applied Geochemists, where he’s previously worked as a councilor. Dr. Fedikow has also served on numerous industry-related committees. Since 2002, he has been the President of Mount Morgan Resources Ltd., a mining exploration company. Dr. Fedikow pioneered the application of regional multimedia geochemical and mineralogical surveys in support of base and precious metal and diamond exploration in Manitoba.

You Need to Pull Up (FRRSF) Right Now.

BREAKOUT ALERT

COMPANY: Far Resources Ltd.

SYMBOL: FRRSF

RANGE: .17-.19/share

POTENTIAL CATALYST: EV Market Needs Lithium

According to Wall Streets leading provider of market data to the global financial, media, and commodity industries, Barchart.com just Triggered an "ASTOUNDING” 12 out of 13 Possible Buy Signals across the Short-Term Indicators, Medium-Term Indicators and even the Long-Term Indicators.

FRRSF Could be at the beginning stages of a Potential Major Breakout to the Upside.

Last year, on 2/11/2020, FRRSF was sitting at .028 and over the next 12 months, they have made a monstrous +757.14% move to their 52 week high of .24.

Could FRRSF be setting up for another +757.14% run for 2021?

Let’s take a look at some Potential Catalyst that could

drive FRRSF Higher in the Near Term.

Potential Catalyst #1: Tesla and other Auto Manufacturers will need Lithium to power their EV's.

Potential Catalyst #2: New government regulations could substantially increase Lithium demand as push to Go-Green increases.

Potential Catalyst #3: According to a recent report published by Research and Markets , the lithium-ion battery market is projected to reach $129 Bil by 2027.

Potential Catalyst #4: UBS analysts estimated that the lithium market will grow 800% by 2030.

Potential Catalyst #5: FRRSF already has two Lithium Projects in the works with five successful drill campaigns completed, leading to the discovery of at least 13 lithium-bearing pegmatite dykes, as the company defines major dyke swarms over 30 km2 property.

Potential Catalyst #6: FRRSF has very experienced Management Team and Board with combined experience levels topping hundreds of years.

Potential Catalyst #7: Wall Streets leading provider of market data to the global financial, media, and commodity industries, Barchart.com just Triggered an "ASTOUNDING” 12 out of 13 Possible Buy Signals for FRRSF with a 96% Buy Rate.

You Do Not Want to Miss Out on FRRSF

FRRSF has a proven history of making very big moves. It's up +757.14% year over year and could be setting up for another huge run.

I am urging all of my members to add FRRSF to the top of their watch list right now, and be ready for Wednesday morning at the opening bell

Sincerely,

Editor In Chief, OTCtipReporter Team