Shares of Western Sierra Resource Corporation (OTCMKTS: WSRC) rocket higher on news of a new acquisition deal.
The natural resource development and mining company announced today “it has entered into negotiations with Silver State Mining Group, Inc. (“SSMG”) to acquire 70% of its common stock.”
WSRC said that acquisition would expand mining opportunities in the Sage Hen Mining claims which “the enhanced recovery system assays have indicated platinum, palladium and rhodium” in addition to gold and silver.
The announcement said, “WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively.”
StocksToTrade Nails the Tip
If you’re part of the STT Breaking News chat on StocksToTrade, this stock may look familiar to you.
A breaking news analyst sent out an alert on the stock shortly after the market open today and then it was off to the races.
That breaking news alert was sent out at 9:43 AM EST and read, “$WSRC Getting some OTC pumps on news.”
Self-made trading millionaire, educator and philanthropist Tim Sykes got in on the excitement himself and said this is “reason #49395832839” to use the STT Breaking News Chat.
This INSANE chart of $WSRC today is reason #49395832839 to use @sttbreakingnews every single damn day, congrats to sooooo many https://t.co/occ8wKDW7U students and I who are just absolutely banking on this one, what a rush! It's been a while since the similar $MDMP $AABB runners! pic.twitter.com/4UOH5p1kbq— Timothy Sykes (@timothysykes) June 22, 2021
Sykes also congratulated his Trading Challenge students who were able to profit off the stock in today’s session.
At writing the stock was still up 500% at $0.1325 after peaking midday at $0.2450
Posts contain affiliate links. Timothysykes.com or StocksToTrade.com may get compensated for affiliate posts and purchases through links.
Cover image credit: G-Stock Studio/Shutterstock.com