(Kitco News) - The junior resource space is facing competition from other sectors of the economy that offer high risk, high reward investment opportunities, said Ken Armstrong, president and CEO of North Arrow Minerals.
On Thursday Armstrong spoke to Kitco Mining.
North Arrow Minerals (TSX-V:NAR) is a Canadian based exploration company focused on the identification and evaluation of exploration opportunities in Canada.
This month North Arrow Minerals announced an option agreement to earn up to an 80% interest in Kraaipan Greenstone Belt Property in southern Botswana.
North Arrow has a well-known exploration team. A Director of the company is Grenville Thomas, discoverer of the Diavik Diamond Mine and Canadian Mining Hall of Fame inductee. Eira Thomas is chair; she previously led Lucara Diamond.
"We like the jurisdiction and getting a chance to explore on a regional basis," said Armstrong "An entire belt of rocks that is highly prospective is really tough to find—and in such a good jurisdiction, so we jumped on this one."
Armstrong said that it has been a tough junior market with a lot of high-risk, high-reward options for investors, such as cannabis and crypto.
"There's more competition," said Armstrong. "The best way to address that and fix it would be with some discoveries that make investors money."
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