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September 28, 2020

Top 3 Junior Miners: Could One of These Iron Ore Players Be the Next Rio Tinto?

Mineral mining companies have long been among the biggest, most profitable trades an investor can make—although the timing is as critical as the metals that are being harvested from the ground. In a moment, we’ll share our top 3 junior mining growth opportunities, but let’s start by discussing some of the most familiar names in iron ore and industrial metals: a glimpse of the possible future for the juniors who hit the big time.
Diversified Anglo-Australian mining company Rio Tinto produced 327 million tonnes of iron ore in 2019. In terms of market capitalization, Rio Tinto is bested only by BHP Group, worth $88.6 billion on the New York Stock Exchange (NYSE). Next among the big 3 is Vale, formerly known as Companhia Vale do Rio Doce and headquartered in Rio de Janeiro, Brazil. A diversified multinational and mining company that also has a significant logistics business, Vale has a market capitalization of $61.7 billion on the NYSE.
These three established producers are the 800-pound gorillas in the iron ore space. As successful veterans of the mining sector, they have put in decades of development—and are trading at very high prices with impressive market caps as a result. For long-term, buy-and-hold investors who prefer modest gains and low risk, they can be a solid pick. For those of you who have a higher risk/reward ratio in your portfolios, our top three junior miners are positioned to garner significant interest from the investment community.
Imagine for a moment that you were one of the first investors to take positions in any of the mining majors mentioned above. Safe to say, those are the types of situations investors dream about—and if you could turn back the clock, knowing what you know today, you wouldn’t hesitate to go all-in. At The Growth Equity Report, we’ve made it our mission to find just those types of trends in any given industry—then do the extensive research to uncover the next big growth situation for investors to reap the benefits. As we’ve scoured the mineral markets, looking for the next Rio Tinto, BHP, or Vale, here are the top 3 international junior mining companies we believe represent the best opportunities for investors today in their respective regions.
#1. Temas Resources Corp., headquartered in Vancouver, Canada, has emerged as the leading development stage company with significant property holdings in Quebec—one of the most mineral-rich areas in North America. Tapping into a red-hot iron market, plus titanium and vanadium, makes this company a rare triple threat—according to the NI 43-101 Technical Report previously filed, they have abundant high-quality showings of all three minerals on their properties. It’s important to note that Temas’s properties are in the same geographic location as mining major Rio Tinto’s very successful Canadian iron and titanium mines. Temas Resources Corp. currently has a $17.5 million market cap, and they recently started trading as a public company on the Canadian Securities Exchange (CSE) in Canada and the OTCQB in the United States.
#2. Based in Australia, Strike Resources is a resource company focused on the development of projects including iron ore and battery minerals in Australia and South America. Since 2005, Strike’s most notable operation has been the Apurimac Iron Ore Project in Peru, recognized as one of the highest-grade large-scale magnetite projects in the world. Strike Resources has a market cap of $24.9 million AUD and trades on the Australian Stock Exchange (ASX).
#3. Finally, we have Zanaga Iron Ore Company Limited, an iron ore exploration and development company incorporated in the British Virgin Islands. This junior’s flagship asset is its 50% less one share interest in the Zanaga Iron Ore Project, which is located in the Republic of Congo. (Mining major Glencore plc is the majority owner, with 50% plus one share interest and effective management control of project.) Zanaga is listed on the AIM, a sub-market of the London Stock Exchange (LSE), and has a market cap of £17.7 million GBP. Note that their share prices have recently pulled back; although it could be considered a decent entry point at today’s levels, the early-in prices and initial run are long over—hence its position as our third-place pick.
*We have created this list in order of best entry levels, shares outstanding, management, geographic locations, and overall project highlights/facts. Investors take note: With iron markets and specialty mineral markets surging, any new findings or positive corporate development could send the shares upward very quickly—so there’s no better time to start doing your due diligence.

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