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Far Resources Ltd. (FAT.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.2500-0.0200 (-7.41%)
As of 11:33AM EST. Market open.
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Previous Close0.2700
Open0.2750
Bid0.2500 x 0
Ask0.2550 x 0
Day's Range0.2450 - 0.2750
52 Week Range0.0150 - 0.3000
Volume2,313,974
Avg. Volume1,990,743
Market Cap35.192M
Beta (5Y Monthly)3.09
PE Ratio (TTM)N/A
EPS (TTM)-0.0160
Earnings DateOct. 12, 2020 - Oct. 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    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 Billion 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 $2 trillion 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.1 FAR Resources Dyke 1 contains an inferred resource of 1,074,567 tonnes grading, .091% Li2O, 182 ppm Be, 198 ppm Cs, 51ppm Ga, 1212ppm Rb, and 43ppm Ta (at a cut-off) of .3% Li2O. Dyke 1 is open at depth and to the north and south were an additional exploration is ongoing. The estimate has an effective date of July 06, 2018, and was prepared by Scott Zelligan P. Geo. Some Key Project Highlights are: - 1MM T. Inferred + 13 MM indicated - 8,500 + Meters of Drilling to date - $5,000,000 + Spent to date on technical and drilling of the project. - Compelling Li Grades in the 180 PPM TO 220 PPM range - Asset holds exceptional Byproduct Minerals and credits. For full details please refer to the full NI 43-101 Technical Report on The Zoro Lithium Project on Sedar.com Far Resources filings dated September 05, 2018. 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 stock 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.2 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. Information ContactJohn Gammack, President & CEOFAR Resources, LTD.info@farresources.com ______________________ 1 https://nicoyaresearch.com/three-sectors-poised-to-benefit-from-democrats-sweep-of-government/2 https://www.cnn.com/2021/01/13/investing/lithium-tesla-electric-vehicles/index.html

  • FAR Resources Ltd. Announces Stock Option Grant
    GlobeNewswire

    FAR Resources Ltd. Announces Stock Option Grant

    VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) -- FAR Resources Ltd (“Far” of the “Company”) (CSE: FAT) announces that it has granted incentive stock options to consultants of the Company to purchase an aggregate of 4,800,000 common shares of the Company at an exercise price of $0.145 per common share expiring five years from the date of grant. The stock options are granted in accordance with the Company’s Stock Option Plan, which was approved by the shareholders at the Company’s annual general meeting on December 19, 2018, and the policies of the Canadian Securities Exchange. For and on behalf of the Board John Gammack President and CEO Information Contact John Gammack, President & CEO FAR Resources, LTD. info@farresources.com The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof. Forward Looking Statements This news release may contain forward-looking statements, which relate to future events or future performance, including planned exploration, and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

  • FAR Resources Ltd. Clarifies Advisor Appointments
    GlobeNewswire

    FAR Resources Ltd. Clarifies Advisor Appointments

    VANCOUVER, British Columbia, Jan. 12, 2021 (GLOBE NEWSWIRE) -- FAR Resources Ltd (“Far” of the “Company”) (CSE: FAT) wishes to clarify its January 11, 2021 news release where it announced the appointment of four advisors. Each of Mr. Coleman, Mr. Cantore, Mr. Reynolds and Mr. Van Andel will, in his capacity as advisor, provide strategic advice to the Board of Directors. None of these advisors is being appointed as a director of the Company.For and on behalf of the Board John Gammack President and CEOInformation Contact John Gammack, President & CEO FAR Resources, LTD. info@farresources.comThe Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.Forward Looking StatementsThis news release may contain forward-looking statements, which relate to future events or future performance, including planned exploration, and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.