StraightUp Resources (CSE: ST) (OTCQB: STUPF) has, since its inception, remained committed to mineral exploration, coupled with the acquisition of mineral property assets both in North and South America. The company now seeks to tap into expected growth trends and generate cash flow while at it.
The company has been on an aggressive campaign to secure properties in the region. The most recent acquisition is the West Cat Mine, located in the historic Beatty Mountain Nevada Mining District in Nye County, Nevada. As part of a 20.66-acre land package, this property is rich in gold ore within fault zones, which the company can draw value from (https://ibn.fm/7rMm8).
StraightUp has also added secured rights of exclusivity with Premier Silver Corp, signaling a possible entry into Peru, particularly for exploring silver, the most undervalued commodity in the world, according to Duncan Gordon, the founder and chairman of Premier (https://ibn.fm/QFgWF).
While these acquisitions have been integral in growing the StraightUp brand and asset portfolio, the company is now seeking to take a giant leap forward with cash flow generation. This comes in light of the ongoing trend with the price of precious metals, which has been rising over the past few years.
“StraightUp Resources and Premier will now be a company that is not only exploring for opportunities but also generating cash flow, and that takes us from being an exploration company to a mining company,” noted Mark Brezer, StraightUp’s President and Director.
“To have a proven silver mine and cash flow coming from it will help strengthen our other business endeavors,” he added (https://ibn.fm/xKA60).
Mr. Brezer is confident that the price of precious metals could extend its positive historical trends well into the future, presenting an opportunity that the company can capitalize on to generate revenue and create value for its shareholders. The price of a troy ounce of silver, for instance, has been on an upward trajectory since 2018, rising from $15.71 to $25.14 in 2021. On the other hand, Gold has also posted a consistent growth over the years, starting at $1,159.86 in 2015 to $1,798.89 in 2021.
In addition to generating cash flow for the company, StraightUp also plans to capitalize on the opportunities at the Red Lake mining district. It also seeks to conduct more exploration at its Ferdinand project while also leveraging advanced technology to identify the specific areas to focus additional exploration efforts.
For more information, visit the company’s website at www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF
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