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TheStreetReports: Mining Stocks Gaining Momentum: HYMC, HNRC, NAK, TGB

In the past year, mining stocks have come onto the radars of many investors, and for good reason too. The geopolitical situation in the world led to significant volatility in metal prices and that proved to be a boon for many mining companies. Here is a look at four mining stocks that have been getting attention.

Hycroft Mining Holding Corporation (NASDAQ:HYMC) - United States-based gold and silver development company Hycroft Mining Holding Corporation owns the Hycroft mine. It is a world-class highly established asset situated in Northern Nevada, a mining jurisdiction of the first tier.

The current resources at the property make up just 5% of the land position of the 64,000 acres land position of Hycroft Mining. The company announced that it had been granted an extension of 180 calendar days or up until October 2, 2023, for regaining the minimum bid price requirements of NASDAQ.

The determination of the same is made by NASDAQ based on a company continuing to meet the listing requirements of the exchange. The company is going to keep an eye on its bid price and work on regaining compliance.

Houston Natural Resources Corporation (OTC:HNRC) - Houston Natural Resources Corporation is an energy company with diversified interests. It is involved in the oil and gas sector and also operates wastewater treatment facilities. The company operates the Halff Oil Field in Crockett County, Texas which comprises of 83 oil wells.

The oil field is estimated to have 33 million barrels of oil and appraised reserves valued at $69 million. The company also picked up a 9% stake in the company Cunningham Energy, which commands appraised reserves of $352 million.

On April 25, the company announced that FINRA has reviewed and completed the corporate action to pay a dividend.

The date of record for the dividend is April 28, 2023. Hence, all investors who bought the Houston Natural Resources stock through Friday, April 28, 2023 close of business, will receive one share of Worldwide Diversified Holdings, Inc ("WDHI") for every two shares of HNRC. The payment date for the dividend has been set for May 26, 2023.

Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) - Northern Dynasty Minerals Ltd is a mineral development and exploration firm based out of Vancouver, Canada. Its principal asset is the continuous block of 1840 mineral claims it owns 100% in Southwest Alaska. The asset is owned by the company through Pebble Limited Partnership, its fully-owned United States subsidiary.

The asset also includes the Pebble deposit, which is located 200 miles from Anchorage and 125 miles from Bristol Bay. The company seeks to turn the asset into the world’s most vital mineral resource. Recently it emerged that the U.S. Army Corps of Engineers Pacific Ocean Division had sent the Pebble Permit application back to the Alaska office for more work since the process related to the Record of Decision for the Pebble Project had not been followed properly.

Taseko Mines Limited (NYSEAMERICAN:TGB) - Taseko Mines Limited is headquartered in Vancouver and is involved in the development of mines in North America. The company operates the Gibraltar Mine, which is the second biggest open-pit copper mine in Canada, and deploys a workforce of 700 towards it. The company also owns three other projects,  Yellowhead, Aley, and Florence Copper, which are all in advanced stages of development.

The company filed a technical report about the Florence Copper Project titled "NI 43-101 Technical Report – Florence Copper Project, Pinal County, Arizona" on SEDAR. The technical report contains updates on operating and capital costs for the commercial production facility. It also provides details about the refinements that had been made.

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