Impact: Positive
Sterling Metals has entered into an option agreement to acquire a 100% interest in the Adeline Cu-Ag project in Labrador. With this agreement the company is adding a second project to its critical mineral portfolio, expanding its presence in the critical minerals space amidst geopolitical and security of supply concerns. Given positive results from prior field work, we believe the Adeline project is highly prospective for sediment-hosted Cu mineralization. In our view, Sterling Metals is an exciting junior exploration company that is focused on making greenfield discoveries at its projects in the tier-one jurisdiction of Newfoundland and Labrador.
