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?
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.
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.
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.
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.
President and CEO
Read the full article here.
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
Coverage is officially initiated on FRRSF. While you have a chance now, don't miss out on any updates by doing this: