Southcorp Capital, Inc. (OTCMKTS: STHC) has skyrocketed out of sub penny land and is moving higher on heavy accumulation and continued interest from investors. Reverse merger plays have proven themselves as more explosive than biotech’s in small caps in recent months and so far STHC is proving to be no exception.
The big story on STHC is its planned acquisition of a Mining company which according to its website currently controls an 8 square kilometer claim and has an open pit mining license.
Southcorp Capital, Inc. (OTCMKTS: STHC) is a Delaware corporation. The Company initially was focused on the acquisition and renovation of single-family and mutli-family properties in the U.S with the intent of reselling the property after renovations have occurred. its real estate investments were expected to focus properties undervalued and/or in need of some repairs. The company intended to seek potential property acquisitions meeting the above criteria and which are located throughout the United States. They believed the most important criteria for evaluating the markets in which we intend to purchase properties include: historic and projected population growth; historically high levels of tenant demand and lower historic investment volatility for the type of property being acquired; markets with historic and growing numbers of a qualified and affordable workforce; high historic and projected employment growth; markets where demographics support need for senior living and healthcare related facilities; markets with high levels of insured populations; stable household income and general economic stability; and sound real estate fundamentals, such as high occupancy rates and strong rent rate potential.
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Testing at Saint Jean Carbon further confirmed that the Seruwila graphite is of extremely high purity. Initial testing at both Saint Jean Carbon and Actlabs also revealed high concentrations of multiple rare earths and palladium. Having attained bank feasibility on the graphite, is currently in the process of proving out the rare earths, palladium, and gold.
Gold: Targeting goal of establishing multi-million oz gold resource. Visible gold in core samples. Early testing at shallow levels show the presence of gold (7 grams/tonne). Currently undertaking Phase 2 drilling to a depth of 200 metres. Fire assay will be available in 4-5 weeks. holds intellectual rights for all gold in Sri Lanka.
Platinum groups: High concentrations of palladium (5.67) found by Saint Jean Carbon in initial samples. Awaiting confirmation from Actlabs.
Rare earths: Very promising results from both a geological standpoint and potentially processing perspective. Testing at the certified labs of Saint Jean Carbon and Actlabs show high concentrations of multiple rare earths including: Europium (.9%), gadolinium (1.2%).
Graphite: Proven 2 million tonnes of extremely high (99.9%) purity. Graphite will not need to be subjected to many damaging processes required to obtain the purity required by end user. Ideal for the anodes of EV batteries. No intercalation with host rock means less processing and associated costs than North American deposits. 10 year, $20 million/year off-take agreement signed.
$STHC we have completed elections of a new officer as part of the transaction. We anticipate the parties closing the rest of the transaction next week and being able to put out additional information then. pic.twitter.com/wmNF5Ms664
— Synergy Management (@synergymgtgroup) August 5, 2020
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Currently running up the charts STHC is an excitng story developing in small caps; the Company is planning to acquire a Mining co which according to its website currently controls an 8 square kilometer claim and has an open pit mining license. According to a Mining co its Seruwila mine holds significant resources in Gold, Platinum, REEs and Graphite. Reverse merger plays have proven themselves as more explosive than biotech’s in small caps in recent months and so far STHC is proving to be no exception. We will be updating on STHC as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with STHC.
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Disclosure: we hold no position in STHC either long or short and we have not been compensated for this article.