New Western Energy Corp (OTCMKTS:NWTR) stocks gained more than 31% after the company announced t it has signed a Securities Purchase Agreement (the “Agreement”) with Fodere Titanium Limited , a U.K based company (“FODERE”). As per the press release, Fodere holds the exclusive worldwide rights to extraction technologies designed in conjunction with a prominent English university that allow for the zero waste recovery of high-grade titanium dioxide (TiO2), high-purity vanadium (V), high carbon steel and other high-value elements from either tailings stockpiles or direct mineral deposits. The stock closed at $0.1451.
Analyst at UsMarketsDaily.com have issued a complete research report highlighting the important factors that could lead to a further rally in share prices of NWTR. The report can be downloaded HERE
Today, it seems investors and traders quickly flocked into NWTR leading to more than 1.16M shares exchanging hands. New Western Energy Corporation is an independent energy company engaged in the acquisition, development, production, and exploration of oil, gas and minerals primarily in North America. NWME intends to begin construction of its pilot plant in the USA in 2015. With 10 years research and development already completed by FODERE, all parties are ready to move forward with this unique technology. Both Mr. Khazali and Mr. Cella are confident and excited about the growth potential for both companies and the positive impact that this new technology will have upon the world’s mineral extraction industry.
It will be interesting how the stock prices fares in tomorrows trading news. Will the profit makers dominate or the bulls will take over again.