Sidney Resources Corp. (OTC:SDRC) Stock In Focus After Latest News
The mining sector has continued to be on the radars of investors for some time now, and if you are currently looking into companies to follow in the space, then it may be a good idea to consider taking a look into Sidney Resources Corp. (OTC: SDRC). On Wednesday, the company had come into the news cycle after it made an announcement with regards to a major expansion of its Warren, Idaho-based Warren District Project.
The company noted that the move was also a demonstration of Sidney Resources Corp’s commitment towards boosting shareholder value from its primary property and eventually moving into production across the district. The expansion move would bring the total land holdings of the company to as much as 3174 acres. In this regard, it should be noted that the company managed to expand its area under exploration to 2234 acres at the Warren Project, which worked out to an effective expansion of 1900.72 acres. That reflected a significant increase of more than 500% and thereby bringing about considerable enhancement in scope with regards to development and exploration activities in the future.
However, Sidney Resources Corp. also noted that the expansion had not been affected for the sole desire to expand the land under control but also to bring about the unlocking of the full potential of the region more effectively. The region is particularly known for rich mineral deposits of rare earth elements and precious metals, which is why the expansion could be called a strategic expansion. In the news release, it was also revealed that the claims in the expansion zone also include a group of mines that had been historically significant and had legacies of mineral production. The news may bring the Sidney Resources Corp. stock into focus this morning, and hence, it may be a good time to add it to your watch list.
