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Central African Gold Inc (CUCO)

TSXV
Symbol
Exchange
Currency
CUCOTSXVCAD
CUCOCBOE CanadaCAD
Currency in CAD
Disclaimer
0.0350
0.0000(0.00%)
Delayed Data

CUCO Comments

Industry outlook is solid moving into 2023 as the push for renewables and EVs continue. The continued developments and stock performance could turn this into an extremely interesting play especially considering the current valuation.
I’m considering this welcome news as a close watcher of the developing story at the emerging, largest, new mineral region in the DRC, Manono. Neighbouring miner, Tantalex has just announced commencement of drilling at their Manono Lithium project, contiguous to CUCO’s concession. Now waiting for CUCO’s PP to close for some anticipated updates.
CUCO saw a decent run ending last week with the lithium price rally expected to continue thanks to the US climate bill. Lithium prices will continue to remain strong with consistent, global lithium demand growth. Neighboring junior, Tantalex lithium announces commencement of drilling as well which bodes well for CUCO’s position with their concessions contiguous to this project.
Lithium demand will keep ballooning beyond expectations as global efforts driving the EV and renewable energy shift further pushes lithium demand. Decades worth of underinvestment in the exploration stage continue creating challenges beyond 2025 on what the supply pipeline can look like. This narrative paints an extremely bullish picture for the likes of African Energy Metals, with 200km2 land packages adjacent to major players like AVZ, flexing a strong advantage in their operating region of new Manono (DRC), an area expected to become the largest mineral play in the country.
I’m only recently learning about CUCO, likely from their impressive run this week. They’ve caught my attention because this really looks like a strong early advantage opportunity in the DRC which is considered a high prospective opportunity in lithium and rare earths. The region their projects are taking place in the new Manono region is projected to become the largest mineral play in the DRC and they own a sizable land package expanded to 200km2 sharing close proximity to major players like AVZ which reported 400M tons grading 1.65% Li2O.
Graphene Manufacturing Group announces the closing of their previously announced bought deal agreement raising gross total gross proceeds of $5.7M. I think this is great news as they secure additional funding to accelerate their fulsome pipeline addressing their continued areas of focus including the commercialization of their G+Al coin cell pouch.
Once the cash from the private placement (upsized to ****** comes in we should begin to see some exploration commence at Manono. Looking forward to seeing some results especially with a number of their property neighbours already having significant discoveries.
The DRC holds some of the largest resource deposits in the world and with CUCO holding nearly 376 sqkm of property near existing trends and deposits I'm looking forward to seeing some of the results once they begin exploration. Moreover, compared to peers in the energy metal industry, the current market cap may provide a significant valuation gap to capitalize on.
EVs require twice as much copper compared to ICE vehicles, let alone the increase in rare-earth/lithium demand due to the batteries. This is one of the most undervalued juniors on the market considering that they have high potential properties on the same mineral trends as some of the largest mining companies in the world such as AVZ.
Strong fundamentals, impressive properties, ESG focus, and an attractive valuation. With the company continuing to develop their properties in the rapidly growing energy metal industry, there's a lot to keep an eye on especially as insiders keep buying up more shares.
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