NetworkNewsBreaks – StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) Expected to Benefit as Investors Seek Alternatives to Cash
Company: StraightUp Resources Inc. (STUPF)
Category: Stock Spotlights
January 21, 2022
StraightUp Resources (CSE: ST) (OTCQB: STUPF) is positioning amid the price rally experienced within the precious metals market following a rise in inflation. December numbers released by the Bureau of Labor Statistics showed the U.S. inflation rate rose to 6.8%, its highest point since 1982, on the back of higher housing, food and gas prices. Earlier in November, in spite of normal and expected ups and downs, gold prices rallied to a near-five-month high after consumer price data prompted people to buy gold as a hedge against inflation. “Economists expect that strong inflation will continue to drive buyers into gold… As this happens, the gold market is expected to continue on a bullish trend, with the resultant price rally expected to benefit StraightUp, a public company engaged in mineral exploration as well as the acquisition of mineral property assets with significant potential in North and South America,” reads a recent article. “With assets capable of producing silver and gold, StraightUp appears poised to benefit from the inflation-triggered interest in precious metals as investors, savers and traders seek alternatives to cash.”
To view the full press article, visit https://nnw.fm/jsoP3
About StraightUp Resources Inc.
StraightUp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada and the U.S. Its objective is to locate and develop economic, precious and base metal properties of merit. StraightUp intends to conduct exploration on the RLX North, RLX South, Belanger and the Ferdinand Gold Project, all located in the Red Lake Mining Division, as well as the recently acquired Bear Head Gold Project, located within the Meen-Dempster Greenstone Belt of the Uchi Subprovince, approximately 80 kilometers west of the Pickle Lake Gold Camp. The company’s recently acquired West Cat Mine includes an unpatented mining claim on federal land, located in the historic Beatty Mountain Nevada Mining District/Nye County, Nevada, about 15 kilometers east of U.S. Route 95, approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. For more information, visit www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://nnw.fm/STUPF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork