Penny Stocks to Watch: LBSR, ILHMF, IONGF, ARHTF

While it is true that penny stocks can often be volatile, those stocks can also deliver significant gains for small investments. Hence, there is a thriving market for those stocks. This feature would provide you with a quick look into penny stocks that may be worth tracking at this point.

Liberty Star Minerals (OTC:LBSR) On Wednesday, the company was in focus after it announced that the Board of Directors had voted unanimously to appoint a new director in the form of Saleem Elmasri. The appointment went into effect immediately. Elmasri is a highly experienced professional who holds more than 15 years’ worth of experience in management and financial consulting. He started off his career at PricewaterhouseCoopers and then went on to work for many of the companies in the Fortune 500.

Additionally, he had also provided his advisory services to some of the boutique consulting firms, and his specialization was complex accounting and transaction advisory. Throughout the course of his career, he has helped his clients manage major endeavors like divestitures, mergers, acquisitions, and restructurings. In his new role at Liberty Star Minerals, he would bring all that experience.

Additionally, Elmasir is also a seasoned investor who is mainly focused on early-stage firms that address global challenges. This year, he established the firm Titan Strategic Partners with the purpose of helping clients work through project financing related to infrastructure ventures of considerable ambition.

International Lithium Corp. (OTC: ILHMF) Yesterday, that company made a major new announcement with regards to a drilling program that had been launched at the Raleigh lithium and rubidium projects located near Ignace, Ontario. International Lithium Corp. announced yesterday that during drilling activities, new spodumene pegmatite occurrences had been intersected in the Project Zone 4 region.

The region in question is also home to the historic Johnson pegmatite. The company announced that the exploration drill initiative had been commenced on August 3, 2023, to test the surface that had been defined by geophysical, geological, and geochemical interpretations near Zone 1.

Up until yesterday, six drill holes had been completed, and out of those, two were located north of Zone 1. The rest of the four drill holes were located further to the north. The Chairman and Chief Executive Officer of the company, John Wisbey, noted that the company would continue to provide updates about the progress of its activities.

ION Energy Limited (OTC: IONGF) On August 16, the company announced that it had completed the acquisition of two new claims through staking in the NWT, Canada. The claims had been identified as Little Nahanni claims. ION Energy revealed in its news release that the Little Nahanni claims encompass an area of 900 hectares and are in an area where pegmatites were first identified in 1961.

The company also noted that the claims had been unexplored for lithium and hence presented a significant opportunity for the discovery of lithium. The new claims would complement the company’s lithium mining activities in the Northwest Territories.

ARHT Media Inc. (OTC: ARHTF) The company, which is a worldwide leader in the production, development, and distribution of low-latency, high-quality holograms and digital content, made a major announcement yesterday. The company announced that it had expanded its global network through three new strategic international partnerships.

One of those is with PANTENNE, while the others are with African Union Technologies and Newtonlab Space. The company noted that the partnerships would result in a range of benefits, starting with improved expertise, reach, and opportunities to leverage the diverse customer bases of the three entities.

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