- StraightUp marked 2021 with strategic opportunities in the United States and Peru
- These projects were selected by management based on past exploration and proven reserves in these regions
- 2021 also marked the year StraightUp up-listed to the OTCQB Venture Market in the United States
- StraightUp is optimistic about 2022
For the 2021 fiscal and calendar year, StraightUp Resources (CSE: ST) (OTCQB: STUPF) set out on an aggressive asset acquisition plan, coupled with an exploration program that would be the highlight of the year. Thus far, it has acquired the West Cat Mine in Nevada, along with the Ferdinand Gold Project and Bear Head Gold Project, both located in western Ontario (https://ibn.fm/kPFqY). However, these acquisitions do not aptly represent its commitment to maximizing shareholder wealth as its aggressive exploration program.
StraightUp, at the beginning of the year, broke down its 2021 exploration program into four elements:
- Historical data review, compilation, and interpretation
- Examining historical drill core (ENDM core library, Red Lake)
- Geological mapping and sampling
- Geophysical surveys
The objective was to add new 2021 data to enhance interpretations, locate prime locations for drilling holes and conduct soil sampling to inform the company’s investment decisions and guarantee a return on its investment. This exploration program was firmly founded on science, mainly SGH soil sampling, primitive-mantle normalized trace element geochemistry, and geophysical surveys, among others (https://ibn.fm/90yBO).
So far, these efforts have allowed StraightUp to acquire prime properties with tremendous potential to maximize shareholder wealth. It has also allowed the company to expand its market reach, with its entry into the American market with the West Cat Mine acquisition in Nevada and the Peruvian market with the exclusive rights to purchase of the Mallay silver mine.
StraightUp also made a significant move to expand its access to investors by up-listing to the OTCQB Venture Market in the United States (https://ibn.fm/urNtt). It comes just in time as the company grows its asset portfolio, opening its doors to millions of investors within the United States, particularly as it plans to execute on its next phase of growth. In addition, the company hopes to benefit shareholders through increased trading liquidity through this move, ultimately adding more value for them and their investment. Over the past year, the company has made some important gains and its management has expressed optimism for the 2022 financial year in growing shareholder value.
For more information, visit the company’s website at www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF