Matthew Rego en Economists and Finance, Finance, Finance / Banking Freelance Financial Analyst/Writer • Self-employed 17/10/2016 · 2 min de lectura · +200

RT Minerals Corp. (TSX.V: RTM) Cash, Assets, 4 Gold Properties, and 1 Lithium Property

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RT Minerals Corp. (OTC Pink: RTMFF) is a Canada-based junior resource company that primarily engages in the acquisition, exploration, and evaluation of precious metal properties in North America. As of October 2016, RT Minerals Corp. (OTC Pink: RTMFF) held interest in five different mineral properties:

1. Ballard Lake Property – Gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.

2. Norwalk Property – Gold property located approximately 5 kilometres south of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.

3. Dill River Property – Gold property located several kilometres southeast of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.

4. Golden Stock Gold Property – Gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.

5. Lac Mica Property – Potential lithium property located approximately 130 kilometres north of Montreal, Quebec, in which the Company owns a 100% interest.

RT Minerals Corp. (TSX.V: RTM) Cash, Assets, 4 Gold Properties, and 1 Lithium Property

In what Goldman Sachs Group Inc. (NYSE: GS) called “the new gasoline,” lithium’s demand could triple within the next ten years thanks to the growth in electric car market. The bullish forecast and outlook on lithium by Goldman Sachs Group Inc. (NYSE: GS) came after Tesla Motors Inc. (NASDAQ: TSLA) CEO Elon Musk stated that “[Tesla] would basically need to absorb the entire world’s lithium-ion production,” in order to reach its target of 500,000 cars per year.

As you can see, RT Minerals Corp. (OTC Pink: RTMFF) maintains 100% ownership (or option for 100% ownership) in each of its five mineral properties. In addition, the company is primarily focused on gold and lithium (four gold properties, one lithium property). All of RT Minerals Corp. (OTC Pink: RTMFF)’s properties are located in Canada; however, the company has suggested that they would be open to expanding into the United States, if an opportunity presents itself. For now, management plans to continue focusing on acquisitions, and drilling its c