 Do you want to learn how to trade stocks and cryptocurrency? Join our community of traders. Go to richpicksdaily.com and find the next 10Bagger. What are you doing today? I'm your host Rich here on behalf of Rich TV Live with our very special guest. It's Craig Alford who is the board of directors of First Energy Metals. How are you doing today, Craig? Very well. I hope everyone's doing great. Fantastic. Excited to have you on the show today. Can you give us a little bit of a background on your exploration and mining? Okay. My experience has taken me to actually 34 countries. Wow. I've been all over the place, been all over Canada and the US as well in terms of more North American based exploration. But I started way back in the early 80s and have been busy ever since then on gold, silver, oil and lithium projects, which I've been looking at for about six years now, concentrating on those as well as of course the precious metals that never goes away. It's always some interesting gold or silver. Yeah, it's actually quite exciting because gold is starting to heat up again. Can you tell us a little bit about your current assets? Okay. Well, First Energy Metals has a nice portfolio. We have two sort of top tier projects we're calling core projects and other projects they're calling non-core. However, they're all very interesting. The non-core projects, for instance, one of them is located in Northwestern Ontario called the Scramble Mine. It's actually a very interesting project of a shear zone hosted gold almost a kilometer in length. It's seen some historic exploration that has found quite a bit of gold, including up to 200 grams per ton and beyond. So it's still a very interesting target. So many modern exploration targets are actually old targets that have now seen the light of day again because of the price of gold going up so well. I mean, back when the investigations of that project were going, gold was around $50 an ounce. So now here we sit at over 1800 US. And the other project which is considered non-core again is in British Columbia. It's in a nice jurisdiction near Nelson, BC. And there's some very active exploration ongoing there. Of course, the most important projects for us for 2021 and beyond will be in North Eastern Quebec in the Abitibi Belt. One is in a very active lithium exploration area. And I suspect that area of Quebec will turn into the number one important region for Canada, lithium exploration and development. It reminds me a lot of what you see in Western Australia. I don't know if the investors are familiar with the green bushes. It's the world's largest pegmatite related, hosted lithium deposits. It's absolutely massive. But Canada has yet to really get going into the lithium market in terms of a developer. So that area I would suspect, keep your eyes on. There's a number of companies there. It's very active and it's got good infrastructure. Of course, Val d'Or is nearby, Ontario, Timmins, all that region. You throw a rock and someone's drilling, someone's hitting a rock with a hammer. It's a very active exploration area. The Titan Gold project is also a core asset. That is a little bit north of the lithium project and it's in a very interesting region. There's a big deformation zone called the Sunday Lake Deformation Zone, which one of the main features we look for is secondary structures off of main structures. So we see these main big structures like Sunday Lake and we see these secondary structures that come off of them. Detour Lake Mine is one of those. It's hosted along that secondary structure. That's about 20 million ounce deposit. We're located sort of in the middle between detour and what's called the Fennelin project that Walbridge is currently investigating. They've had some spectacular drill results, 17 grams over an equated width of meters. So we're looking at a very active target. Our core assets are based in active exploration zones, productive exploration zones, and ones that have good infrastructure, which is very important. I see a lot of juniors reaching for the moon up in Nunavet or very high north in backer Ontario. I know how much it costs to build roads, to build hydro lines. It's difficult for them to raise that kind of capital to build the infrastructure as needed. So we can build off the local infrastructure. Hydro lines access is good. So I think First Energy has been very clever. Not one of our projects is located far off of active and current infrastructure. I like that. And when we interview mining companies, I find that they're always drilling and they're always exploring in areas where there's already been explorations found. And I think that's very smart because you know that it's in the area. It's in the region. It's under the ground. So it just makes it a lot easier. You're going to spend less money looking for things and drilling holes that are going to be not successful when you do that. So I think that's a very smart strategy. Now, in speaking on that, why are these locations the most interesting for the company? Well, as I said before, I mean, in terms of lithium and gold, I mean, you take a look at these greenstone belts that are located across Quebec, Ontario, Manitoba. They've had a lot success there as well. And they host an assortment of metals. I mean, from the base metals like copper, nickel to precious metals, palladium, gold. And now, of course, the world's attention is on lithium. So as I said before, I mean, a country like Australia has gotten a head start in terms of production. But Canada also has that same type of geology as Western Australia. We have the same thing. So it's merely a matter of time before someone comes and discovers a really whopping large deposit. And we think we're in the right region there. I mean, previously there was a deposit, a lithium deposit there that's only four and a half kilometers away from our current area. And once again, like where you find one, you find others. And so everyone's kind of looking for obviously economic deposits. And so far, from what we've seen of previous work, there is economic mineralization there. The grades are good. It's continuous. The strike length is good. And the world is as about to demand lithium like never before. And why would investors be excited about your Augustus lithium property and the Titan gold property? Okay, well, I think Titan is very exciting. And again, like I said, it's located in the right structures. We've just recently been completing an IP survey that's induced potential that should give us a good couple of drill targets. You've got a 20 million ounce deposit nearby in Detour Lake. It's interesting to look back at it and see that it started out being around three million ounces. And with further drilling and with further geophysics and exploration work, they built it up to over 20 million ounces. So this is a very fantastic region for bull. As I stated before, Wallbridge is there to the east of us conducting exploration on the same secondary structures that leave the Sunday Lake deformation zone. So that's really interesting. And for investors, the company is just getting started there and we'll be building that story further. In the case of the Augustus lithium projects, I think any investor who's looking at metals should be looking at lithium, should be looking at where is the next big play going to be? And we think it's going to be in that region and come back. I mean, there are a lot of competitors there. There are a lot of other explorationists there. And some sort of consolidation will likely happen. We've been expanding our land position there. And there are sort of numerous stack zones. There are numerous parallel zones. So it's a matter of mapping, getting out there and drilling and doing the work to discover a very good economic lithium deposit. I think a lot of investors may have heard of Damascus and there was a failure there. But still, it is a good target and it will probably see the light of day in terms of production. But that's 300km north of Shibugomu. And that's a tough area. You're going to be adding a lot of dollar cost to production to be, again, so remote. Whereas we're in a very good region with a very active mining hub, just 40km away. Fantastic that Lithium prices have been on a tear this year, up around 100%. Where do you see prices and what are the main supply and demand drivers? Well, the main driver, I think the whole world is kind of recognizing, is the electric vehicle. We all have lithium ion batteries around the house. You've got it in your phone, you've got it in your laptop, a lot of children's toys. Everything is your toothbrush now, is rechargeable lithium ion batteries. And I don't think the world is going to give up on this, because lithium is the third lightest element in the entire universe. It's only hydrogen helium and then lithium. Lithium is actually a metal. The other two are gases. So we're not going to be using them for batteries. But the current market penetration by electric vehicles, you have to admit, you don't see them everywhere. But you take a look at a lot of the countries around the world. China, India included, are looking at banning the sale of gas-bar vehicles. And it seems like ahead of the curve, typically, is California and Northern Europe that plans to ban it within this decade. And India and China have made motions. Norway is really leading the way, I heard. Yes, they really are. In fact, 60% of sales now are electric vehicles there. Incredible. And probably next year you wouldn't see anyone buying them, like a gas-bar vehicle, because just what's the point? It's going to be banned from the roads soon, right? I think 2027. So, but, you know, to my mind, when you've got the US, India, China, making these motions towards the banning of gas-bar vehicles, wow, that's really going to change the market. Now, here's the amazing thing, is the world production, global production of, currently, of lithium would just represent to feed about 1% of that car market. So, for every 1% increase in the global car market for electric vehicles, you're basically eating up the world's production of lithium. So, that's why the drive is on now to find lithium deposits as well as get that out of the hands of the Chinese. I mean, let's be quite frank. If you're Tesla, if you're GM, if you're Ford, you're basing a lot of your production here in North America, you would like a North American source for lithium. A lot of the stuff that comes out of Chile and Australia is bought out by the Chinese, right? So, there's going to be a very interesting time where our producers here, our car market here, they're going to look for local sources of lithium. And currently, you've got some interesting areas in Nevada that are clay-based. However, that uses a lot of acid. That's a very sort of non-green way to get at something that's thought to help revolutionize the planet and go green by going electric. So, the hard rock deposits of Ontario, Quebec, and Manitoba are really going to take precedence. And they're going to be seeing this quite favorable. This is an area in the Carolinas that's under production. Pete Montlithium is there. And if you actually do a side-by-side comparison with their deposits, these look really good. These look wider, longer, and often the case, more extensive area, that area of Quebec that we're looking at. So, I would say to any investor, look around, see who's getting some good results on lithium, and that's going to take off over the next couple of years. I agree 100%. Now, in the area that you guys are looking to explore, are there any potential takeover candidates that you would consider, or would you guys ever consider being taken over by a bigger major? I think it's a great question, but I think it's early to look at that for first energy, to take over perhaps a small junior within our strike zone. That may make sense. However, I mean, who knows? I always wonder, if you're Tesla, wouldn't you want to lock in your lithium resource and reserves? You know, and you look at companies like, I know it's out of their play zone, but Apple has so much money, $2.2 trillion market cap. You've got to wonder, when is it that even the oil companies too, if you're the Chevron, and you're not going to just sit on the bench while everyone goes to play an electric vehicle. You're going to say, why don't we take our billions and focus it into lithium? I wouldn't be surprised if you see some massive consolidation in the future. For our company itself, there is a project nearby, which has some resources and reserves now, 43.1 compliant. There may be some talks of consolidation, but it may be out of our hands at one point in time. A larger company might come along like Arbomal as well, and start snapping up these juniors that you see out there. And you look at Barrick and Newmont, what they've done over the years is they gobble up a junior that had good results. So we're going to see a similar thing start happening with a major company for lithium, probably start gobbling up some juniors. Yeah, it makes sense. And what you say with Tesla makes sense. I mean, you're the world leader in electric vehicles, you need lithium. Yeah, when you've got China, imagine the Chinese car market all being electric. They're going to need everything that Australia can produce, everything that Chile can produce. So what are you, you're going to left with scraps? No, you're trying to lock in something now, right? Obviously, off-take agreements will be in place, but maybe they'll just decide to have the vertical infrastructure built in from themselves from exploration production and then development for themselves. Why not? You guys have had quite some success over the last year with the stock. The stock's done well. What are some short-term and long-term catalysts for first-energy metal shareholders to look forward to? Okay, well, I think this summer is going to be a nice ride for investors. I mean, one of the interesting things, I was just talking to the CEO of First Energy, it's amazing how many juniors are out there now who have acquired a property but haven't actually done any work. I take a look at press releases going back the last two years and they say, oh, we've got 100% interest in this, but we got the project and we rushed out to start drilling because we know people need to focus on who's actually acting. So currently, we're doing trenching, surface trenching, which is you can think of trenching just like a horizontal drill hole on surface. We're doing drilling. We started a 5000-meter drill program in early April and we are using SES laboratories to help us not only analyze the rock but for exploration purposes and we're also in talks for metallurgical testing because we can see how quickly the world's going to need lithium and if we've got metallurgical testing done to show that it is indeed economic, these grades that we're experiencing and cutting through right now, these are economic grades for production and even though 1%, it's always like someone who looks at 1% lithium, they think, that's not very much but it is. Just to let you know, if I were to tell you you had 10,000 grams per tonne gold, that would be off the charts but that is 1%. 10,000 grams per tonne or 10,000 ppm is 1%. So when someone says to you, they have 1.4% lithium, that's actually 14,000 grams per tonne. So the quantity we're talking about is actually quite large for a ton of rock compared to say gold precious metals, you never see 1% gold. But anyway, getting back on track for Prist Energy, there's a lot our company will be doing in this year, we're being aggressive, we're getting out there first, we're going to be raising a little bit more money, maybe extending our exploration program. We got the drill in place, a lot of people even asked us how the hell did you get a drill? Because they're not available right now, they're tough to grab. So once we have it, we've got it, it's drilling and we're getting great results so far. There's previous drilling on the project, one hole actually penetrated through 300 feet of 1.4% or 1.5% lithium oxide, so that's really impressive. We've got to go back there and we drill it and then go east west of it and see how far that kind of zone extends because that's as impressive as anyone has for cutting through lithium and pegmatites. Also, there are some rare earths involved, cantalym, cesium, beryllium that we're taking a look at. We may find economic quantities of those and that way it's a very value added to the project. Much like a gold project often enjoys silver credits and things like that, you could have the rare earth credits here. One of the things that is a key driver for our community and we've got investors that are going to be watching this video from literally 100 countries is share structure. You mentioned it a little bit that you're going to have to raise some capital. All small cap companies have to raise capital. All big companies have to raise capital in order to move forward in your business plan. Can you talk us a little bit through your share structure and maybe a little bit about your shareholder base? Okay, sure. We have about 50 million shares outstanding and I'm not even sure right now our market cap is around 20 million or so. We've got a lot of growth I think for value. You take a look at some of these deposits that are worth billions. If we come to the part where we have some resources to talk about, usually they're very nicely sized in terms of their value. The company doesn't have a lot of shares outstanding and we're thinking of raising money but we're very careful in a very stepped way. We're not doing like a 20 million dollar raise. We're raising small amounts to keep that expiration going and hopefully those results will see us enjoy a dollar share, two dollars per share so that the next money raise will be a lot easier for us. But we've got a lot of interesting calls from big groups so I think we'll be able to raise the money rather easily. Very good, that's impressive. I love your share structure. 50 million shares is, I always tell everyone 100 million shares is good. 50 million shares or less is like bingo for an investor. It's like that is amazing. It means that management is responsible. They understand the value of having a tight share structure and there's going to be less dilution in the stock, less selling pressure. So if you're investors that's an extremely key highlight for me and thank you for doing it the right way and I like the fact that you're not looking to do a massive bought deal which can create a massive amount of dilution especially here in Canada. It seems as though every time a company does a big bought deal or a large financing the stock will go to the financing price or lower. I've seen it over and over and over again. It's almost like the kiss the death. It's always a good thing that companies are raising money but investors don't like it because it creates a lot of dilution. So the fact that you're willing to do it slowly and steadily I think is going to create a lot of excitement for shareholders to hear that. Now in saying that our community is going to be learning about first energy metals from literally all over the world and they're going to have some questions for you. They're going to be interested in potentially learning more and investing. What's the best way for them to get in contact with the company? Okay right now the best way would be to write us. The website FirstEnergyMetals.com has a contact page. There's an email address of info at FirstEnergyMetals.com. We'd be happy to answer what we can, what's allowed to answer at this point. Obviously we're being fairly aggressive with releasing news. We think that we should be able to have some news coming out every week or every two weeks maximum. So investors will be up to date on what's being done but if they do have questions please I direct you to the website for now. Later we'll probably have some investor relations people standing by but for now we're using email the website. Okay great well thank you so much for your time today Craig. All right great talking to you. It's always a pleasure and we look forward to seeing you guys consistently grow. This is the board of directors Craig Alford from FirstEnergyMetals. Now remember everyone Rich TV Live is strictly for information and education purposes. Please do your due diligence and speak to a financial advisor before you invest in anything that we talk about here in Rich TV Live. If you like the video please smash the like button, comment down below, share the video everywhere and subscribe for future updates. If you're not winning, you're not watching we bring you the winners and we bring them to first. We love to identify undervalued, underappreciated, under exposed companies before they explode. We've actually been covering this story for quite some time and you've been a huge success already for our community. Thank you for all your hard work and effort Craig. All right thanks guys and thank you guys for watching. Have a nice day everybody.