JMP Daily Drill Bits for October 27th: $IZN $SRI

InZinc Mining Ltd. (IZN, $0.185 +24.1%)
Shares Outstanding: 72,655,419
InZinc, a company favored  by John Kaiser for it’s mature flagship West Desert zinc project in Utah, acquired a new project on Oct. 18th.  The Indy project is 1,380 hectares, located 100km south of Prince George, B.C. It was last explored by unnamed major mining company’s in 1980 and 1990.  Indy hosts extensive, underexplored, near-surface zinc mineralization at the Tex zone and numerous large, untested soil geochemical anomalies. Kaiser says InZinc is a bet on the recovery of zinc metal prices, which should be accelerated with a Trump presidency (given China’s, a major zinc exporter,  stance on negotiating with Trump.)  InZinc’s flagship, West Desert, published a PEA giving the project a 15 year mine life with the potential to produce 593 million pounds of zinc, 147 million pounds of copper, 15 million tonnes of iron (magnetite) concentrate, and 566 tonnes of indium.

Sparton Resources Inc. (SRI, $0.08 +23.1%)
Shares Outstanding: 111,375,460
Sparton is a diversified resource currently company developing projects in North America and China.  Current initiatives include:
– Subsidiaries sign Agreements for Acquisition and Financing of Vanadium Redox Battery (VRB) Manufacturer.
– Commissioning of the Zhangbei Project’s 8 Megawatt Hour Vanadium Flow Battery has been successfully completed;
– Royalty Interest on both Base and Precious Metals Exploration Project in Mexico;
– Provides drilling services through EDCOR Drilling Services.
The company’s last news came out on September 27th, updating shareholders on the acquisition of  a company manufacturing “Vanadium flow batteries (VRB’s)”.  From the Sept 27th news: “Recent developments in the fast-growing, large-scale, domestic and industrial electricity storage industry have highlighted VRB as the lowest-cost, safest and most-efficient type of battery technology solution available today.”