Midnight Sun Pops, Bitcoin -Sell SBIT at $12

I commented that I would not have an update unless there was a dramatic move or opportunity with our stocks. Midnight Sun popped +50% Friday on their exploration renewal posted on the Zambia web site.

Midnight Sun Mining - - - TSXV: MMA, OTC Pink: MDNGF - =- Recent Price $0.49

Entry Price - $0.27 = = = = Opinion – hold, buy

So this morning, MMA announced that, per an online public notice dated December 20, 2024, the renewal application for Large Scale Exploration Licence 21509-HQ-LEL (the "Licence"), which includes the Kazhiba Target, was approved at the most recent meeting of the Mining Licensing Committee. The news included this map which I have highlighted before and it gives and excellent picture on the exploration agreement with First Quantum in purple, the Kobold JV in green and MMA holds all of the Solwezi Dome.

Midnight Sun's President & CEO, Al Fabbro, stated: "The Kazhiba licence issue has been resolved, removing any concern as to the status of this critical component of our exploration and development plans. We wish to once again thank the Zambian Ministry of Mines and Minerals Development for their assistance in rectifying this matter, and our valued shareholders for their patience and support. We now turn our focus to the many exciting near-term catalysts ahead, starting with the completion and results of our exploration program at Kazhiba. Working in collaboration with First Quantum Minerals, this program is part of a larger, multi-target campaign aimed to define near-surface oxide copper mineralization destined for Africa's largest copper mining complex, Kansanshi, located just a few kilometres from our property. Near-term production and potential cash-flow provides incredibly rare optionality to our Solwezi Project, and a non-dilutive path toward the continued exploration of our underlying sulphide copper targets at Kazhiba, Mitu and Crunch."

If you own this stock, continue to hold and if you don't own any, it is still a buy with lots of upside from here.

A close above $0.60 would also be a breakout on the chart. Perhaps MMA is our Santa Claus rally.

Bitcoin is still looking like it is in correction mode, below $100K, so if the SBIT etf happens to get back to $12, I would be a seller and book our profits.

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