NEW YORK, Nov. 13, 2014 /PRNewswire/ -- Aim Exploration Inc. (OTCBB: AEXE) is an exploration stage company engaging in the acquisition and exploration of mineral properties in the Philippines and Peru. The company was founded in 2010 in Manila, Philippines but recently moved its headquarter to Beverly Hills, California. The company currently has two existing projects, a 40% interest in a Feldspar mine located in the Philippines and a 100% interest in an Anthracite coal project located in Peru.
As a junior mining firm, Aim Exploration has to face fierce competition from other senior and junior mining firms to acquire financing and other resources. There has been a consolidation trend in the industry and it is forecasted that more M&A deals in the mining sector will take place in 2014. (http://minestaffing.com/wp-content/uploads/2013/12/Mining-Industry-Outlook-Report-2014.pdf)
In October 2014, the firm confirmed an acquisition of new mining properties in Philippines and Peru and confirmed its final round of negotiation for a large order with its first client. If the deal goes through, AEXE will cover the client's 2015 supply. Also, a second client has shown a great interest in the Philippines project and may proceed with a large order. This project is currently in expansion phase and promises a potential revenue stream. The project in Peru is still under the exploration phase.
In 2013, the firm has low cash on hand and relied solely on debts for its operation. However, the stock started being actively traded again since August 2014. The tow positive press releases in October 2014 have activated the trading of AEXE once again. Among high volatility, an overall upward trend is more likely with increasing volume and positive investor expectations.
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