Have you been out driving and seen electric vehicles left and right? You're not alone.

SmallCapFirm

(FRRSF) Has Been Surging And Could Be Breakout Bound With The Backing Of Multiple Bullish Technicals

Barchart Reports This Profile As A "100% BUY" Based On Overall Technical Indicators

(OTC:FRRSF) (CSE:FAT) (FSE:FOR)

January 25th

SCF Readers,

Have you been out driving and seen electric vehicles left and right? You're not alone.

Emergence and increasing popularity for Electric Vehicles (EV) is expected to drive the demand for lithium-ion batteries in the automotive industry.

With a shift to electric taking storm worldwide, the automotive industry has been witnessing a palpable shift from using nickel metal batteries to lithium-ion batteries in plug-in vehicles and EVs.

Beneficial physical characteristics such as small size and lightweight have bolstered the demand for li-ion (lithium-ion) batteries across the automotive industry.

The global lithium-ion battery market size is expected to reach $83.36Bn by 2027. According to a new study conducted by Polaris Market Research the market is anticipated to register a CAGR: 12.6% from 2020 to 2027.

Additionally, increasing demand for consumer electronics across the regions has led to the rising demand for lithium-ion batteries.

Long battery life along with improved performance offered by the product to consumer electronics such as smartphones, tablets, etc. is expected to drive its demand in the consumer electronics segment over the forecast period.

For these reasons and more, there is only one profile to have at the top of your watch-list at Monday's opening bell:

Far Resources, Ltd. (FRRSF)

Far Resources Ltd. is a Canadian battery and technology metals exploration and development company with lithium exploration projects in Canada and the USA. In Canada, Far is advancing its Zoro Lithium Project, located in the mining-friendly Snow Lake region of Manitoba. Zoro covers numerous known lithium pegmatite dykes and hosts the company’s 1.1Mn tonne resource (0.93% Li2O at a 0.3% cutoff), plus an additional fifty targets.

The company also holds a 60% stake in the Hidden Lake Lithium Project in Northwest Territories. In the USA, the company owns the Winston Project in New Mexico, a historic mining property with potential for bonanza-grade silver and gold.

FRRSF's 3 Main Projects

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The Zoro Lithium Project occurs in east-central Manitoba 20km east of the historic mining town of Snow Lake.

The property consists of 16 claims with a total of 3,603 hectares and is proximal to excellent infrastructure and an experienced labour pool.

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 holes.

Mineral Development in Manitoba

Zoro is well situated in Manitoba with the potential for development. Manitoba is home to multiple rare metal deposits, including the world-class Tanco lithium-cesium-rare metal pegmatite at Bernic Lake. Manitoba has a supportive, pro-business climate, mineral exploration assistance programs, and excellent access to geoscience and exploration data that will assist the company to advance its projects in the province. (NOTE: Mineral exploration supportive programs have now been cancelled by the Manitoba Conservative government).

Additionally, the province has stable and well-developed mining and transportation infrastructure. The hydro line to Snow Lake is 5 km south of the property and the small historic gold mining community of Herb Lake is located about 10 km southwest of the property. A railway line is located at Wekusko, approximately 20 km south of Herb Lake. Electricity rates in Manitoba are reasonably priced and comparable to Québec, and less than in Ontario.

The projects in Northern Quebec are hundreds of kilometres from the railhead at Chibougamau. Manitoba’s infrastructure can lead to lower project development costs, lower threshold tonnage to support project development, and less time to reach this threshold.

Tantalum + Niobium — Increasing the potential value of Zoro

High-grade drill intercept of tantalum (0.117 % Ta2O5 or 927 ppm tantalum; see November 1, 2017 news release [link]) accompanied by elevated tantalum and niobium in samples of drill core, outcrop and soils has intrigued the company.

Currently, the significance of the elevated tantalum and niobium is unknown but it will be closely assessed as Far Resource’s exploration continues.

Tantalum is a rare, hard, blue-gray, corrosion-resistant metal that is widely used as a minor component in alloys. Tantulum is inert, making it a valuable substance for laboratory equipment and a substitute for platinum.

Tantalum exists alongside niobium, a chemically similar metal, which is also valuable. It is mainly used in alloys and is the largest metal in special steel, which is used in gas pipelines. The stability of niobium-containing super alloys at high temperatures makes such alloys an important component in jet and rocket engines. Niobium is also used in various superconducting materials including the superconducting magnets of MRI scanners. Other applications of niobium include welding, nuclear industries, electronics, optics, numismatics, and jewelry.

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The Winston Project is comprised of the Little Granite, Ivanhoe, and Emporia claims. The claims are situated in the heart of the historically prolific Black Range (Chloride-Grafton) Mining District, 30 miles North-West from Truth of Consequences, New Mexico, US.

The Chloride-Grafton district was a major gold-silver mining camp first discovered in 1880 and produced tons of silver before abandoment in 1893 due to a historic crash in silver prices. Mining was done by hand and focused on ultra high-grade vein Gold, Silver, and base metals (Cu, Pb) mining.

The Emporia, Ivanhoe and Little Granite claims produced from shallow near surface veins. The basement limestone formation depth hosting the mineral deposits is yet untested and presents a compelling, low-risk, opportunity for value creation.

THE WINSTON PROJECT TECHNICAL SUMMARY

The Winston Property is a gold and silver exploration property covering a total of 168.1 hectares (415.3 acres) in the Chloride Mining District of Sierra County, New Mexico, U.S.A. The project comprises two proximal but non- contiguous blocks; the Little Granite unpatented Claims and the Ivanhoe-Emporia Patented Claims. The western most corner boundary of the Ivanhoe- Emporia block is 891 metres east of the Little Granite Claims’ eastern boundary.

The project area in the is underlain by shallow dipping tertiary volcanics on the western edge of the Winston Graben that is dissected by high-angle normal faulting along predominantly North-south trends that cut older strike-slip faults and host the epithermal vein deposits of the district.

The Chloride mining district defined by open-space, epithermal fissure-filling quartzcalcite veins with sulphide and native-metal mineralisation occurring in distinct, structurally controlled shoots. They are hosted predominantly in the Rubio Peak Formation.

WINSTON PROJECT HAS FAVORABLE GEOLOGY

The Winston gold and silver exploration property exhibits similar characteristics to the Fruta del Norte mine which is now owned and operated by Lundin Mining.

Fruta del Norte has over 9Mn ounces of contained reserves and resources @ 9.2 g/t grade, making it the 5th highest grade in the world.

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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 55M 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 mineralisation 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-mineralised 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.

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No. 1 Potential FRRSF Driver Indicator - Bullish Technicals

You think you've seen bullish technicals before? Think again.

As of close Thursday, Barchart was reporting a multitude of bullish technical indicators (13 BUY Signals):

Short Term Indicators

20 Day Moving Average

20 - 50 Day MACD Oscillator

20 - 100 Day MACD Oscillator

20 - 200 Day MACD Oscillator

Medium Term Indicators

50 Day Moving Average

50 - 100 Day MACD Oscillator

50 - 150 Day MACD Oscillator

50 - 200 Day MACD Oscillator

Long Term Indicators

100 Day Moving Average

150 Day Moving Average

200 Day Moving Average

100 - 200 Day MACD Oscillator

On top of all those, Barchart is also reporting its composite "TrendSpotter" indicator to be triggered as bullish.

The website is also reporting FRRSF as a "100% BUY" based on overall technical indicators.

That's not all... StockTA is reporting a couple other bullish indicators.

Right now, FRRSF is trading above its 5-Day Exponential Moving Average (EMA) and its 13-Day Exponential Moving Average.

Further, FRRSF's 5-Day EMA is trading above its 13-Day EMA which signals a profile that has been trending in the right direction during the recent term.

No. 2 Potential FRRSF Driver Indicator - Red Hot Chart/Trading Above Lines Of Support

Seen a hot chart before? Check this 6-month chart out now:

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Can you see how hot FRRSF has been in recent days? Could this be the start of a major move?

In recent days, FRRSF has set a new 52-week high in $.222 and that just may be the start. Here's why...

At this moment, FRRSF is trading above 3 key lines of potential support:

  • 13-Day Exponential Moving Average
  • 50-Day Simple Moving Average
  • 200- Day Simple Moving Average

Why is this important? When a profile trades above these 3 lines, traders may gain confidence from these levels holding as potential support for a continued vertical move.

Could this be what we've been seeing in recent days?

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No. 3 Potential FRRSF Driver Indicator - Zoro Lithium Property Update

FAR Resources is Pleased to Announce Spring 2021 Drill Program on Its Zoro Lithium Property

VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) (www.farresources.com) (“Far Resources” or the “Company”) is pleased to announce its upcoming Spring 2021 drilling program and provide an update on its Zoro Lithium Property located in east-central Manitoba 20km east of the historic mining town of Snow Lake.

John Gammack CEO, and President of FAR Resources Ltd, states, “With the demand for lithium ever increasing, FAR Resources is well-positioned to meet such demand. Our spring drilling program is timed perfectly especially with GM Canada’s announcement on January 15, 2021 of a tentative 1 Bn Dollar EV plant in Ontario.

With Democrats assuming control of both the congress and senate, the Biden Administration is positioned to adopt their clean energy technology platform. Under the Trump Administration renewable energy technologies including solar & wind power and electric vehicles performed well. Consumers’ transition to electric vehicles continues, boosted in part by the increased supply of EV charging stations. Should the Biden Administration pursue increased fuel efficiency standards or loosen EV regulations, the transition of fossil fuel to electric vehicle drivers vehicles will likely continue to accelerate.

The demand for lithium will continue to grow as it's one of the key components needed to manufacture solar panels and electric vehicle batteries. The Biden Administration proposal to spend $2Tn on metals-rich green infrastructure is likely to spur private sector investment in similar metals-intensive products and structures, namely renewable energy and electric vehicles, which will further boost the lithium market.

[...]

John Gammack, comments, “This maiden resource, which covers part of Dyke 1, indicates that we have a base on which to build. In addition to the other seven dykes that are not included in this resource, the Company has numerous untested geological and geochemical targets at the Zoro property that we intend to pursue in the Spring of 2021.

You can't have electric cars without batteries and you can't have batteries without lithium. The incredible sto*ck market surge for Tesla is exciting! As global demand for electric vehicles grows, North American automotive manufacturers are seeking to regionalize their supply chain for greater security and sustainability. Far Resources believe their Zoro Property has the potential to attract significant domestic interest as they redefine the economics of this project with its lithium rich deposits.

We recognize today’s global initiative of providing green energy choices and are proud to be part of the chain that provides friendlier environmental options.

Read the full article here.

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No. 4 Potential FRRSF Driver Indicator - Update On Winston Property

John Gammack, President and CEO of Far Resources Ltd is pleased to provide an update on its progress on the Winston property New Mexico USA

VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Far Resources Ltd - November 30, 2020 (CSE: FAT, OTCPINK: FRRSF, FSES:FOR) (the “Company” or “FAR”) is pleased to announce the completion of its second site visit. A third visit is planned for the 14th to the 21st December 2020 of its initial work program on the Winston Property, in the historic Black Range Mining District of New Mexico. The work was carried out by Dr. Michael Feinstein, CPG and consisted of reconnaissance geological mapping, sampling and surveying.

In addition to the areas of known epithermal silver-gold mineralisation at Little Granite and Ivanhoe-Emporia, several new zones were identified along with previously unknown historic workings. Approximately 50 rock samples were collected and have been shipped to Chemex Labs in Reno for multi-element analysis.

Management is extremely encouraged by the strong and widespread mineralisation revealed by this initial work. A comprehensive follow-up program, including drilling, will be proposed once assay results have been received and all geological work complied.

The technical content of this news release has been reviewed by Dr. Michael Feinstein, CPG, who is a Qualified Person as defined by NI 43-101.

Read the full article here.

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No. 5 Potential FRRSF Driver Indicator - Appointment Of Key Advisors

Far Resources Announces Appointment of Advisors to Board of Directors

VANCOUVER, British Columbia, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Far Resources Ltd (CSE:FAT) (FSE:FOR) (OTC:FRRSF) is pleased to announce ON BEHALF OF THE BOARD OF DIRECTORS, the appointment of four Advisors to the Board of Directors.

James H. Coleman, QC

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

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

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 of 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

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.

We are honored to have these distinguished individuals as advisors. They bring a wealth of talent, experience, and leadership to Far Resources.

John Gammack

President and CEO

Read the full article here.

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Top 5 Potential FRRSF Driver Indicators Recap

#1. Bullish Technicals

#2. Red Hot Chart/Trading Above Lines Of Support

#3. Zoro Lithium Property Update

#4. Update On Winston Property

#5. Appointment Of Key Advisors

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Coverage is officially initiated on FRRSF. While you have a chance now, don't miss out on any updates by doing this:

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Before Monday's opening bell, get FRRSF on your radar.

Sincerely,

Axel Adams

Editor, SCF


Company Website

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(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)​

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