Banyan Gold Corp. (TSXV: BYN, OTCQB: BYAGF)
The New Yukon Gold Rush
Investors typically seek high-growth penny stocks to outperform the market during bull markets. Many small-cap stocks undoubtedly have this impressive upside potential. However, this potential for growth comes with higher risks, which must be considered.
Here are three penny stocks worth buying today and holding for ten years. However, they all carry high risk, but these stocks do have some asymmetric upside potential.
On April 23, The Metals Company announced the successful recovery of nickel sulphate from seafloor polymetallic nodules through a small-scale test conducted in partnership with Canadian company SGS. This innovative process directly converts high-grade nickel matte into nickel sulphate, avoiding the generation of waste and fertilizer by-products. SGS is now working on producing cobalt sulphate from polymetallic nodules, expected to be a global first. Three US metal and mining analysts anticipate The Metals Company to achieve breakeven in the short term. This represents a speculative business model, and The Metals Company is currently one of the few debt-free mining operators.
Surge Battery Metals recently announced its flagship lithium project in Nevada, expected to have approximately 4.7 million tons of lithium carbonate reserves. This estimate marks the company’s first such prediction for its northern Nevada lithium project. In 2024, Surge Battery Metals plans to conduct a wider range drilling program. At the time of writing, NILIF’s stock price stands at 29 cents per share, making it worth considering for investors seeking genuine penny stocks.
Last month, FG Financial Group completed a merger with FG Holdings, establishing FG Group LLC. Post-merger, FG Financial was renamed Fundamental Global (FGF). For investors seeking stable penny stocks and favoring dividend income, this is a stock worth considering. It’s notable that the A series cumulative preferred stock offers a quarterly cash dividend of 8%. Additionally, the company has stated its intention to focus more on asset management and reinsurance business.
Fundamental Global’s business model includes reinsurance, asset management, and commercial banking, which could be a focal point for investors interested in small-cap financial stocks. This company does not venture into commercial real estate, potentially offering significant upside if a takeover bid materializes at some point.
