You don’t have to look Far to find these Resources
Far Resources recently announced that shareholders of record on October 20th will get to vote on splitting the company into 2 entities. Far will focus on its Lithium property in Manitoba property while SpinCo will focus on its gold projects in New Mexico.
Events like this are great for current shareholders and should help increase trading activity as investors want to get shares in 2 separate companies.
They recently increased their bet on their lithium play by entering into an option agreement with Strider Resources to acquire 100% of the 2200 Hectare Zoro I claim.
The share price is currently at ~$0.30 but with the news of SpinCo and with the high price of Lithium this has the potential for some short term price appreciation.