StraightUp Resources Inc.(CSE: ST) (OTCQB: STUPF) Interview with CFO Daniel Cruz📺RICH TV LIVE – November 30, 2021 – Straightup Resources Inc. (“StraightUp” or the “Company”) (CSE: ST)(OTCQB: STUPF) is pleased to announce that their 2021 ground exploration and heliborne magnetic surveys on the Ferdinand Gold Project (the “Property”) are complete and that all available geologic data has been compiled by Orix Geosciences. Their structural interpretation confirms multiple areas of high merit and potential mineralization on the Property. The Company has the right to acquire 100% interest in the Property consisting of 17 contiguous mining claims covering 7,143 hectares located in the south Uchi greenstone belt, 120km east of Red Lake, Ontario. #straightupresources #interview #richtvlive #business #news #finance #mining #metals #money #trading
Hi how are you doing today i’m your host rich here we have a rich tv live with our very special guest the cfo of straight up resources daniel cruz how you doing today daniel hey rich i’m doing great thank you for having me and um yeah look forward to it hey my pleasure excited to learn more about you and your company today and i have a few questions for you
Daniel maybe we can start off and you can tell us a little bit about yourself and how you got involved with straight-up resources uh definitely rich so um you know i don’t know the the total audience uh age segment so i’m gonna go way back um i was gravitated to the stock market when i was actually a teenager so i started trading stocks equities uh small cap
Companies actually when i was like 16 years old and um i was always drawn to the markets and that led me to going to college for economics in arizona and my first job out of college was actually uh joining an investment bank called canaccord genuity oh yes uh up here in canada or up here in kindergarten canada it’s uh the largest uh independent investment
Bank in canada now has a global footprint i worked there for just under a decade and then moved over to another broker dealer called mackie research and i left the brokerage industry selling my book to my business partner about five years ago four and a half years ago and i co-founded another tech company that ended up trading on nasdaq and um have since
Moved away from that company to get back into mining because from a cycle standpoint i believe the time is now so my history has been really always actually in the public markets small cap markets and financing small cap companies fantastic and we love small cap companies here and you recently announced that the company uplifted to the otcqb under the symbol
S-t-u-p-f can you tell us what some of the milestones are that you guys have hit in 2021 for straight up resources and what are some of the things that shareholders have to look forward to in 2022 yeah so you know given my background um is in financing junior mining companies um you know i noticed an opportunity here in canada and specifically the red lake
Region so our otc qb listing is a step towards opening up the audience and opening up the story to us investors and we are a very small junior company based out of canada here with expiration assets in red lake district and a new asset in nevada in the u.s so what we have done during 2021 we just ipo’d right kind of before kobit slash at covid um so we’re
A very new company and over 2021 what we were doing is compiling data on our red lake projects um the canadian mining system has a very standard and procedural 43-101 process so we were doing your standard chip samples soil samples doing magnetic surveys airborne and on the ground and we are compiling that data in order to attract drill targets so what
Investors can look forward to in 2022 will be further results on our land package in the red lake district fantastic we can’t wait to see those results daniel can you tell us about the management at straight up resources especially their past successes in the public markets and mining yes definitely so i guess i’ll start with myself um you know as i touched
On earlier in the show um you know i financed probably a couple hundred junior um companies uh over the past 15 years um if i if i took a stab at it i guess i would say over 100 million dollars worth of financings uh in junior mining companies um the most recent company i co-founded uh did uh get to nasdaq it’s still on nasdaq and um the team around me um
Is more specific in geology so you know myself i’ve been in the capital markets i’ve been an investment advisor at broker dealers i’ve you know been a co-founder myself put my own money into these junior companies but i’m not a geologist so we’re very fortunate to have a great team in geology that has taken minds in production which has managed considerable
Budgets and in particular has a lot of knowledge in the red lake district um so i won’t fully name drop at the moment but if you did look through some of our disclosure statements um we do have some prominent um you know prospector of the year type geologists who have sold us some of these mining assets in red lake that do have success of discovering ore
Bodies so i’m very fortunate to work with a very good geological team some of them are on our advisory board which people can look at on the website and then some of them are you know consultants in the background that are really like boots on the ground and working very hard in the red lake district and have committed their lives to the red lake district
And a couple of our other board members also have public markets experience so um we think we have a very well rounded team but we are junior small team starting now now you recently announced the closing of a second tranche of two million in financing can you talk a little bit about what these funds will be used for uh definitely rich so you know with these
Junior mining companies um they’re very capital extensive to you know build your story so i sometimes like to think about a bit of a ladder um in a perfect world you know your share price is gonna be based on a ladder you know going upwards and you’re going to be able to fund expiration based on a success so um we are a small company we have uh just ipo
Within covet and um you know we’re putting a couple million dollars to work uh in expiration so some of these airborne surveys some of these magnetic surveys can be quite expensive in the six-figure uh realm uh per airborne flight we do have quite a large uh land package in red lake in a few different distinct zones so we are spending um some of our money
In red lake we’ve just acquired a property in nevada which we will be spending further expiration and we are now actually even looking to peru with a silver asset through an exclusivity deal we just announced so we are trying to spend our money in the ground exploring these three districts if straight up resources were to compare itself to competitors
In the mining sector what would you say sets you guys apart so what what what’s been very lucky is you know red lake is a very prominent district in canada for mining but there’s been a major discovery over the past few years with another publicly traded company called great bear resources and we were very lucky and of course it’s more than luck because
Our geological team prior to myself had the foresight of acquiring very strategic land in the red lake district which which actually borders uh contiguous with one of great bears projects um you know i want to be straightforward that you know the flagship mother mothership project of great bear is in red lake it’s near us but their second big land play is
What we’re contiguous to so that is one thing that separates us from most junior mining companies we are literally bordering with great bear resources um you know close isn’t good enough for mining uh that that’s only one factor um but what i think’s actually been the biggest news over the last two weeks is barrick gold which people may know is actually i
Believe by market cap probably the largest gold company in the world has this made three acquisitions uh in the red lake district wow and coincidentally they’ve invested in two junior companies that are very similar to us in size like very similar and actually one of those is is on our border also so what’s very unique is strategically we’ve been fortunate
To acquire a land package that is actually beside um some major companies and there’s going to be money going into the ground in the district which we may get lucky on and learn more about the geology of the district without even spending our own money so we’ve been very fortunate to be in the right place at the right time and of course we are junior company
We want to spend money on exploring this but um we won’t have a budget of barrack to really explore it however you know we’re fortunate to now be um part of the same group of companies in the region having the expertise of barracks so that’s really our unique opportunity at the moment that we’re very strategic place with our land position and um you know
We’re literally contiguous with two major companies well with mining it’s just like real estate location location location sounds like you guys are in the right place at the right time can you go through the capital structure of straight up resources our community really likes to understand the fundamentals of the companies that they invest in so in knowing
That if we understand the capital structure that helps us understand where the company’s at if it’s tightly held and can you also explain how you plan to attract more institutional investors alongside more retail investors uh definitely yeah so you know again i have a lot of experience in in the capital markets um world you know i in specific with these nano
Caps so you know the the capital stack of these uh junior mining companies is usually quite often um you know maybe penny stock isn’t the best word for people to hear but you know we’re a penny stock and you know a little bit about that ladder um we have financed um on the on the way up where i actually the stock price today escaped me but um we’re doing a
Financing at 20 cents so um we’ve raised money at lower valuations and our total shares of standing at the moment are about 44 million shares common shares um we are actually in the process doing this financing as you touched on which is at 20 cents canadian with a half warrant at 30 cents um the shares have traded above 30 cents um but that’s kind of our
Range from obviously starting at not quite zero but um below 20 cents working our way up and we’ve raised about four million dollars uh in total to date and right now really is our largest single raise uh to date with this two million dollar raise so diving a little bit further um you know we’ve been supported by a couple brokerage firms in town you know i’m
I’m a investor and a shareholder and it’s primarily been thankfully to the retail market so what i think we need to do now is given hopefully some more results and some more data on our properties in red lake i think we need to look at who invests in these type of junior plays so i won’t say which one of our neighbors has you know eric sprott as an investor
Or another legendary investor rob mcewen who’s the founder of goldcorp but there actually is some very high profile institutional investors who are not part of our story at the moment and if they’re watching we would love you to be part of our story um but they’re actually investing in some of these junior companies in red lake so i think that’s definitely
A target of ours we want people to know we’re in the red lake district we have a great land package we’re doing all we can do as an exploration junior mining company doing the proper steps to prove that there’s opportunity here but we do need to attract institutional investors so that we can do a larger drill program so we will be looking to talk to
Institutional investors and tell our story and i believe the red lake district over the next i mean the cycle you never know and super cycle’s a big word but um i think the red lake district will command a lot of attention over the next 24 months at minimum and if barrick and some of these other companies in the vicinity have positive results we maybe even
Get incoming calls from institutional investors wow now if there was one thing that you would want people to know about straight up resources today what would that be i think that it’s it’s built from you know people who have experience in the capital markets who are very knowledgeable on the geology side of the red lake district and are really connected to
The community um you know i wish i could talk about every person that is helping us on the ground in ontario you know these hands are not for mining so you know i haven’t been able to um you know get my hands dirty in the dirt we have a great team there in red lake who are been there done that for 20 30 years but really at the moment we’re a pure play in the
Red lake district we’re a junior mining company there’s many risks with trying to prove a major resource but we’re definitely a pure play at the moment for red lake and um that’s what i want people to know us by which maps right behind us daniel what is the best way for shareholders to get in touch with the company if they have any questions about straight
Up resources uh so on our website it’s um we have a great young fellow uh younger than me who is uh coming up in the public markets his name is nick um he he’s a great guy to give a phone call too he’s very passionate about small cap stocks he knows about this uh company and some of his projects um as people will i hope to appreciate you know i’m not the
Typical cfo um i do have an economics background and i have worked in the capital markets but i’m not your stereotypical accountant so um i’m actually available to speak to investors uh if they would like our ceo is uh a tireless tires list worker who has a lot of experience on the ground uh he’s also very passionate about the company and if people have some
Technical questions we may be able to arrange some conversations with our geological team so we’re a small family and we’re really excited about this and we’re all kind of available for a conversation super excited to learn more and continue to watch your company grow and evolve i must remind all the investors that rich tv live is strictly for information
And education purposes please do your due diligence do your research before you invest in anything that we talk about or discuss here on rich tv live small caps are very risky but they also come with incredible upside past performance is not always an indication of future results we do have an amazing track record of identifying undervalued underappreciated
Underexposed opportunities we believe that mining stocks right now are grossly undervalued we feel like they’re starting to trend up there’s a trend reversal pattern happening with companies like barrick gold companies like kinroz gold starting to turn around and we feel like a lot of small caps are starting to follow suit thank you for joining us today the
Cfo of straight up resources daniel cruz thanks rich thanks everybody always a pleasure love to invite you back again daniel if you ever have any big breaking news or anything you want to discuss and for those of you that are watching thank you for watching everybody remember if you’re not winning you’re probably not watching we bring you the winners and we
Bring them to you first have a nice day everybody and we’ll talk to you soon you
Transcribed from video
StraightUp Resources Inc.(CSE: ST) (OTCQB: STUPF) Interview with CFO Daniel Cruz📺RICH TV LIVE By RICH TV LIVE
