Marvel Discovery adds Athabasca uranium to gold & REE portfolio

Marvel Discovery adds Athabasca uranium to gold & REE portfolio

In 2021, Marvel Discovery Corp. ( TSX-V.MARV , OTCQX: MARVF , Forum ) grew from a top-20 (gold) claims holder in the province of Newfoundland & Labrador to the eighth largest. With slightly over 100k hectares (net to Marvel) , management is within 10k hectares of ranking #6 on the Island.

Readers may recall how hot Newfoundland was in the first half of 2020. In previous articles I discussed the benefits, blue-sky optionality & relative value of Marvel’s Newfoundland portfolio.

There’s no question, {in my opinion} that Marvel’s Newfoundland gold prospects alone are worth more than the Company’s entire enterprise value {market cap + debt – cash} of ~C$7.5M. Yet, the story keeps getting better. Click to enlarge with a new tab Promising high-grade uranium project added to Marvel’s gold + REE projects

On November 22nd, CEO Karim Rayani announced that Marvel was taking over an option to acquire a 100% […]

About the author: StockMan

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