This Mining Stock Just Closed A Financing That Could Pave the Way To Triple Digit Returns For Shareholders

• Junior miners SIC and ABN are up 700% and 140% in the last few weeks as they reported great mineral exploration results. They've raised capital with strong backing from renowned investor Eric Sprott.

• Lucky Minerals (LJ) could be the next junior to see the same kind of action as they undertake exploration at their Fortuna property in Ecuador. This region, and the property had been left for dead for years but are seeing a major investment push from majors recently. The company just raised money at market.

• LJ could also move 200%, 300% or more, like SIC and ABN, with their own exploration results pending from a property not far from one of the biggest finds of the last decade Fruta Del Norte. This similar property was acquired for $1.2 billion.

NEW YORK, NY / ACCESSWIRE / August 21, 2018 / With a recent acquisition, Lucky Minerals (LJ) has launched itself into one of the hottest mineral regions globally and as exploration gets underway the shares could be due for a major move.

Take, for example, junior miners Sokoman Iron Corp. (SIC.V) and Aben Resources Ltd. (OTC PINK: ABNAF), (ABN.V) both of which reported strong drilling results from pilot programs in Newfoundland and British Columbia. Their stocks have been on a tear since then: SIC has gained from $0.05 to $0.40 and ABN has rallied from $0.17 to $0.38! Both companies just raised money in private deals led by none other than famed mineral investor Eric Sprott.

Lucky Minerals is a hot prospect with the same kind of potential at their Fortuna property in southern Ecuador, a region that saw huge investment ten years ago but has only recently been re-opened to international miners. Lucky acquired the concessions earlier in 2018 and is now putting time and capital into the project. They just completed a $2.5 million bought deal through Clarus Securities - priced at market - in order to finance the first modern exploration endeavor here in years. Initial exploration results could be out in the coming months, and LJ is primed for discovery by the investment community.

Lucky's Fortuna Concessions Could Be Next Breakthrough In Gold

Lucky acquired the Fortuna Property from Monterra S.A. in May of 2018 in an all-stock transaction. The property had sat un-touched for years, and now the company is undertaking some key exploration efforts in the coming months.

What makes this property so special is its proximity to some of the biggest gold discoveries of the last two decades. Namely, the Fruta Del Norte property just 40km away, which was the subject of a huge $1.2 billion acquisition by Kinross (KGC). Prior to the buyout, shares in the owner, little Aurelian resources (then a public company) rallied as high as $40, from $0.60. The current owner, Lundin Gold, just completed a $400 million financing in order to resume and expand at Fruta Del Norte.

With political upheaval, Ecuador went into stagnation from a mining perspective until just the last few years. Now, a new president has committed to making the country more open to outside investment and has committed especially to the mining sector with a new ministry devoted solely to this effort. According to BMI Research, the Ecuadorian mining sector will see its value increase to $7.9 billion by 2021.

Just a few miles away from Fruta Del Norte, Lucky is preparing for aggressive exploration on the Fortuna property, beginning in the Fortuna 3 concession. Detailed mapping, sampling and assaying of 4 areas started in July, and the field program will be followed by an airborne geophysical survey in September to complement previous satellite imagery and identify and prioritize additional targets in all 12 of the Fortuna concessions.

Financing Was Last Piece Before Mining Inflection Points

Lucky just raised money through a $2.5 million bought deal run by Clarus Securities, which was a key piece of the next 12-24 months for LJ - they now have the financing to finish early exploration and consider Phase I drilling as they finalize locations. Impressively, the deal was done at market pricing, indicating that new investors must see substantial upside from the current stock price of $0.14 to $0.15.

Put simply, the company is now financed to reach one of the biggest first inflection points for a junior miner, just like Sokoman Iron Corp. (SIC.V) and Aben Resources Ltd. (OTC PINK: ABNAF). Both, in fact, just conducted another round of fundraising in which Eric Sprott acted as lead for both. Mr. Sprott is one of the world's premiere precious metals investors and a respected leader in the investment community. His participation in these financings speaks to the high-grade discoveries and future potential of the projects.

Lucky is a high-risk junion miner, and investors should be aware of the potential downside if Fortuna is not a success. The stock could be worthless without good execution and quality mineral findings.

LJ has a great risk-to-reward, in our opinion, based on both upside potential in the longrun, and the possibility for near-term price action as exploration gets underway, much like ABN and SIC. A lack of modern exploration at Fortuna means that this could be a major unexplored finding, and with financing complete, LJ could be primed for a 300% move, or more, of its own.

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SOURCE: One Equity Stocks, LLC