Having some issues in looking for trendy stocks? Stop right here, we analyzed plenty of them that returned positive news in February and you should follow in March. Lithium Chile, G2 Goldfields, and X-Terra all caught investors’ eyes and these companies could see some movement up. 

Lithium Chile

Lithium Chile (TSXV: LITH, OTC: LTMCF, FRA: KC3) is developing a portfolio of lithium properties that spans 111,978 hectares in Chile and 20,800 hectares in Argentina.
The Company's Salar de Arizaro, Argentina project has an indicated and inferred resource of 2,587,000 tonnes of lithium carbonate equivalent (LCE), according to an NI 43-101 report. A new NI 43-101 report that can be found on SEDAR contains results from the Salar de Arizaro's Phase 2 development program.
In addition, Lithium Chile owns 5 properties with a combined area of 21,329 hectares that have copper, silver, and gold mining potential. The Carmona gold, silver, and copper property owned by Lithium Chile is still being explored. This property is located right in the middle of Chile's mega porphyry gold, silver, and copper belt.

“We have one of the top lithium exploration portfolios in the world’s top lithium jurisdiction. We are well-funded and have active exploration programs underway. Chile is pushing to expand lithium production and Lithium Chile is ideally positioned to provide the projects needed for that expansion.”

– Steve Cochrane, CEO of Lithium Chile

Regarding the balance sheet, the company has $39.3M in cash and $1.9M in marketable securities for no debt. Lithium  Chile had $468k in revenue but received a $397k loss for the previous quarter. About the share structure, 196M shares are issued and outstanding, 11.7M warrants, and 6.8M options are available. Exciting information is that insiders & key stakeholders hold 43%, almost half of the share structure. 

Lithium Chile trades at $0.90 (March 3, 2023), and its stock price hovered between $0.44 to $1.12, with the volume considerably augmenting and passing the 1M shares traded (avg: 200k).

What’s next for the company? An exploration program is planned for the second half of 2023 at the Llamara project. A 1,500m drill program has been contracted with Major Drilling in Q2 2023 at the Los Morros project, a permitting process is underway at the Aquas Calientes project, and the Coipassa project’s access rights with the indigenous community of Ancovinto is a priority for Lithium Chile. 

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G2 Goldfields

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G2 Goldfields (TSXV: GTWO, OTC: GUYGF) is an exploration company focused on its properties in Guyana's Oko Aremu and Puruni districts. The Oko project encompasses 17 km of prospective strike length and approximately 7,149 ha of land. Soil sampling and mapping of past and present artisanal mining operations have identified five distinct, multi-kilometer-long zones of gold mineralization. The Oko property had a long production history, but no drilling or contemporary exploration had ever been done there.
G2 Goldfields has so far dug 116 holes totaling +28,808 meters in the Oko Zone, including 18 holes at Aremu, 4 holes at NW Oko, and 2 holes at Tracy. Multiple option agreements with regional Guyanese mid-scale miners currently govern the project and give G2 Goldfields the right to carry out exploration work and purchase a 100% stake in it.

The company announced by two times in the second half of February at its Oko project, in Guyana. Interceptions went as high as 45.4 Au g/t, confirming high grades in a known plunging zone in Shear 4 (hole OKD-132). 

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“As we continue to drill multiple target areas on our project, these latest results from the OMZ provide further confidence in the OMZ resource as well as for its considerable prospectivity.”

Dan Noone, G2 Goldfields CEO

About the balance sheet, the company has $8.3M in cash for no debt. It had $88k in royalties over the last quarter and had a $1.1M loss. The company has 164M shares outstanding, 7.7M warrants at $1.14, 11.2M options at $0.66, and 960 restricted share units. The stock price trades at $0.83 (March 3, 2023), and the stock trades closer to its 52-week high of $0.93 than its 52-week low of $0.44, thanks to several news reports. An interesting fact, Yahoo finance gives a 1-year target of $1.60.

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X-terra resources

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X-Terra Resources (TSXV: XTT, OTC: XTRRD, FRA: XTR0) is a gold-focused exploration company targeting the James Bay region in Quebec. X-Terra explores two of the most important commodities in the world on its owned propoerties: lithium and gold.  Three of its highly prospective properties show several benefits: 

-Troilus East - Directly adjacent to Troilus Gold’s 8.11M AuEq deposit ;

- Grog – Large epithermal gold system & new discovery ;

- Northwest – Orogenic gold system with visible gold bearing quartz veins.

If we focus on the 100%-owned and royalty-free Troilus East property, X-Terra continues to exploring the Cu-Au-Ag trend hosting the Troilus Type Deposit geological characteristics. The company expands the soil survey approach using the appropriate geophysics, followed by ground verification and then diamon drilling. Then, last step is to complete ground IP geophysical survey on best geochemichal results, followed by drill testing on high priority signatures. 

With the last financial statements for the period ending September 30, 2022, the company had $210k in cash for $177k in liabilities. X-Terra doesn’t have much expenses because this data only represented $89k. The company issued 99.4M shares, and can exercise warrants and options. 27.5M warrants (avg. price: $0.13) and 1M options (avg. price: $0.10) are available. The structure ownership is more than great. Albeit the management holds 6%, the company can count on Quebec institutions (Caisse de Dépot, SDBJ, Desjardins) detaining 9%, and other principal shareholders detaining 41%. X-Terra then announced a $1.5M private placement at $0.75 per share and a $1.00 warrant following the stock price uptrend.

Regarding the share price it trades at $0.83 ( March 3, 2023), variated from $0.105 to $1.19 over the last 52-weeks. 

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