Podcasts about natural resources

What physiological responses do trees have to environmental factors? By “chasing carbon dioxide molecules around,” John Seiler has gained fascinating insights into the world of tree physiology, and he joins us to share his knowledge… Dr. John Seiler is a Professor and Tree Physiology Specialist at Virginia Tech College of Natural Resources and Environment. Here, he studies the environmental stress that affects woody plant physiology, including water and pollutant stresses. From soil health to photosynthesis, Dr. Seiler is on a mission to better understand how trees adapt to and survive under various environmental conditions – ultimately contributing to the sustainability and health of our forests. Dive in now to explore:  How Dr. Seiler measures carbon dioxide and photosynthesis levels.  The ways that roots provide trees with essential nutrients.  How to maintain and improve carbon-heavy soils. The various forms that carbon dioxide can take.  Want to learn more about the nature of trees and their environments? To find out more on Dr. Seiler, click here now! Episode also available on Apple Podcasts: http://apple.co/30PvU9C

Welcome to the daily304 – your window into Wonderful, Almost Heaven, West Virginia.   Today is Sunday, May 25, 2025  Visit Southern WV launches a trail showcasing the region's beer, wine and spirits…two West Virginia organizations receive ARC funding to support energy improvements…and the WVDNR moves its main office to the Capitol Complex…on today's daily304.   #1 – From WOAY-TV – Visit Southern West Virginia has launched the new Brews and Booze Trail.   The trail is accessible through the Brews and Booze Trail digital passport and encourages travelers and locals to visit the craft breweries, wineries, and distilleries of Southern West Virginia.  The trail features 10 participating businesses that you may already be familiar with, such as Greenbrier Valley Brewing Company and Smooth Ambler, which will offer special deals to passport holders.  Users who check in their passports while visiting businesses will earn points redeemable for prizes. Visit visitwv.com to sign up and see all the participating businesses. Read more: woay.com/visit-southern-west-virginia-launches-brews-and-booze-trail-digital-passport/   #2 – From ARC.GOV –  The Appalachian Regional Commission has  awarded nearly $4.7 million to three projects through its Appalachian Regional Energy Hub Initiative. The awards will support activities to implement a hydrogen energy hub from natural gas feedstocks in the region, as well as job training to prepare Appalachians for work in the energy industry. West Virginia award recipients were: $2,989,361 to West Virginia Region 1 & 4 Planning & Development Councils to develop a community-driven plan to accelerate a regional hydrogen hub based on natural gas and natural gas liquids. $382,335 to Marion County, West Virginia to plan for the launch of a new commercial driver license training facility for drivers of diesel and hydrogen-fueled trucks. Read more: https://www.arc.gov/news/arc-awards-nearly-4-7-million-to-support-appalachias-energy-industry-expansion/   #3 – From WVDNR – The West Virginia Division of Natural Resources has relocated its main office to the West Virginia State Capitol Complex in Charleston. The relocation strengthens the agency's ability to serve the people of West Virginia and support the state's natural resources, according to WVDNR Director Brett McMillion. The WVDNR's main office was previously located in South Charleston. Its new office is located at 112 California Avenue in Charleston.  Locations for the agency's district offices and operations center remain unchanged. For contact information for WVDNR offices around the state, visit WVdnr.gov/contact. Read more: https://wvdnr.gov/wvdnr-relocates-main-office-to-state-capitol-complex/?fbclid=IwZXh0bgNhZW0BMQABHtCtIF3nkvqUip2_bOT0b1OLafFHWlMcS2roVh1WdpurbR6qFOilQFHPfcAl_aem_OmiGkqetiwFANaU2KNb7Ig   Find these stories and more at wv.gov/daily304. The daily304 curated news and information is brought to you by the West Virginia Department of Commerce: Sharing the wealth, beauty and opportunity in West Virginia with the world. Follow the daily304 on Facebook, Twitter and Instagram @daily304. Or find us online at wv.gov and just click the daily304 logo.  That's all for now. Take care. Be safe. Get outside and enjoy all the opportunity West Virginia has to offer.

Compass, episode 16Our previous interview: www.cruxinvestor.com/posts/silver-companies-merging-to-gain-scale-in-rising-market-7145Recording date: 20 May 2025Resource exploration companies operating in northern regions like Canada and Alaska follow a predictable seasonal pattern that creates potential investment opportunities for informed investors. According to experts Samuel Pelaez and Derek Macpherson from Olive Resource Capital, these "seasonal explorers" operate primarily during summer months due to weather constraints, creating a predictable annual cycle in both operations and stock performance.The cycle begins in late spring (May) when companies announce exploration programs and mobilize crews. Summer (June-August) brings active exploration with ongoing drilling programs and preliminary updates. By fall (September-November), companies release results from summer programs, often coinciding with major industry conferences. Winter and spring (December-April) see limited operational activity and news flow, typically resulting in declining share prices.A significant factor influencing this pattern is the structure of flow-through funding in Canada. Flow-through funds, which provide tax advantages to investors, often conduct raises in the fall that must be deployed by year-end. These investments typically have a four-month hold period, creating selling pressure around April when funds liquidate positions to return capital to investors.This selling pressure, combined with the natural lull in news flow during spring, creates potential buying opportunities for investors who understand the pattern. The experts suggest that 2025 presents unique circumstances, with the resource sector having stronger momentum than in previous years, particularly in copper and gold.For investors looking to capitalize on these patterns, the experts recommend identifying companies operating in areas with defined seasonal constraints, focusing on early-stage companies where the pattern is more pronounced, and considering companies with multiple assets that can maintain year-round news flow.Currently (May 2025), the experts suggest this may be an opportune time for entry positions in seasonal explorers, particularly in gold and copper, with potential exit opportunities in the fall when exploration results are reported.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Pascal Hamelin, President & CEO of Abcourt Mines Inc.Our previous interview: https://www.cruxinvestor.com/posts/abcourt-mines-tsxvabi-self-funded-high-grade-gold-mill-expands-4922Recording date: 20th May 2025Abcourt Mines (TSXV:ABI) is positioning itself as an emerging gold producer in Quebec, with plans to pour first gold from its 100%-owned Sleeping Giant mine in the second half of 2025. Led by President and CEO Pascal Hamelin, the company has transformed its strategy over the past three years, shifting focus from its unprofitable Elder mine to the high-grade Sleeping Giant project.The Sleeping Giant mine boasts approximately 400,000 ounces of gold resources at an impressive grade of 8 g/t, split evenly between indicated and inferred categories. With significant exploration potential to the east and at depth, Abcourt aims to expand this resource to one million ounces over the next two years using three drill rigs currently operating at the site.Financially, the company has secured an $8 million USD loan from Nebari and is finalizing additional equity financing to complete its funding requirements. Initial production is targeted at 10,000 ounces in the first year, ramping up to 30,000 ounces annually over a six-year mine life. With all-in costs projected at $1,400 USD per ounce, the operation promises substantial margins in the current gold price environment.The project benefits from existing infrastructure, including an operational mill that will initially run at only 40% capacity, creating future expansion opportunities. Multiple mining stopes are already prepared for immediate production once financing is finalized and workers are hired.Abcourt's strategy prioritizes extending the mine life before expanding production. As Hamelin explained: "Our focus will be 80% of the free cash flow, we'll go on Sleeping Giant to make sure that we're extending the life of mine."Beyond Sleeping Giant, the company holds a 500-square-kilometer land package with several earlier-stage assets that could eventually provide additional mill feed. With its modest market capitalization of approximately C$40 million, Abcourt presents a potential re-rating opportunity as it executes its transition to producer status during a favorable gold price environment.View Abcourt Mines' company profile: https://www.cruxinvestor.com/companies/abcourt-mines-incSign up for Crux Investor: https://cruxinvestor.com

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs Wednesday, May 21, 2025 | 10:00 AM On Wednesday, May 21, 2025, at 10:00 a.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 2130 (Rep. Johnson of SD), “Tribal Trust Land Homeownership Act of 2025” H.R. 2388 (Rep. Randall), “Lower Elwha Klallam Tribe Project Lands Restoration Act” H.R. 2815 (Rep. Begich), “Cape Fox Land Entitlement Finalization Act of 2025” H.R. 3073 (Rep. Maloy), “Shivwits Band of Paiutes Jurisdictional Clarity Act” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417123

Bill would protect immigrant children from President-elect Donald Trump's stated plan for mass deportationsTorrance, CA – Assemblymember Al Muratsuchi (D-Torrance), Chair of the Assembly Education Committee, introduced Assembly Bill 49, a bill that would protect immigrant children from actions by U.S. Immigration and Customs Enforcement (ICE) officers who enter school sites or child care facilities. The bill would prohibit school or child care employees from allowing ICE officers to enter a school site or child care facility for any purpose without providing valid identification, a written statement of purpose, a valid judicial warrant, and approval from the school district's superintendent or director of the child care center. The bill also would require that if an ICE official meets the requirements to enter a school site or child care facility, their access would be restricted to school or child care facilities where students or children are not present."All children have a constitutional right to attend public schools, regardless of immigration status," stated Assemblymember Muratsuchi. "Unfortunately, the threat of federal immigration officials coming onto school grounds to detain undocumented students or family members casts a shadow of fear over all California students. Students cannot learn if they are living in fear of being deported or separated from their family members. This bill is necessary because children should not be afraid to come to school, and parents should not be afraid to send their children to school."As during his first term, there is an increased fear of raids by ICE officials at schools and child care centers as President-elect Donald Trump is threatening to deport millions of undocumented immigrants across the United States. President-elect Trump has also threatened to eliminate the U.S. Department of Education. According to the California State Superintendent of Public Instruction's office, this closure would risk around $8 billion in federal funds for California programs serving students with disabilities and low-income students.Assemblymember Al Muratsuchi represents California's 66th Assembly District, which includes El Segundo, Gardena, Hermosa Beach, Lomita, Los Angeles, Manhattan Beach, Palos Verdes Estates, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro and Torrance. Muratsuchi is Chair of the Assembly Education Committee, Chair of the Assembly Select Committee on Aerospace, and a member of the Committees on Budget, Budget Subcommittee on Education, Higher Education, Natural Resources, and the Joint Legislative Committee on Climate Change Policies. 

[RE-UPLOAD FROM MARCH 1, 2022]In this episode, Zsofia has a conversation with Megan Fritz, an Assistant Professor in the Department of Agriculture and Natural Resources at the University of Maryland.You can follow Bug Talk on Instagram and Twitter @bugtalkpodcast, and YouTube @bugtalk6645

Interview withJohn Cash, CEO of Ur-Energy Inc.Andre Liebenberg, Executive Director & CEO of Yellow Cake PLCRecording date: 14th May 2025The global uranium market is undergoing a fundamental transformation as a confluence of energy transition goals, geopolitical tensions, and new technology drives demand higher. Nuclear power, long sidelined in policy debates, is regaining momentum due to its ability to deliver carbon-free baseload power in a world increasingly powered by data centers, AI infrastructure, and electrification.Key markets like China and the U.S. are leading the resurgence. China alone is building 26 reactors, with more approved, while the U.S. is extending the life and output of existing plants. Beyond these, countries in the UAE, Canada, and Europe are revisiting nuclear as part of their decarbonization strategy. This results in a dual demand dynamic—growth from new builds and rising fuel requirements from uprates and life extensions.A new frontier of demand is also emerging. Small Modular Reactors (SMRs), designed for remote or off-grid applications, are being positioned to serve industrial projects and data centers needing secure, emissions-free energy. This aligns with a broader shift from nuclear being seen purely as a clean energy solution to one that also supports energy sovereignty and national resilience.On the supply side, the uranium sector is constrained. Permitting delays, technical bottlenecks, labor shortages, and long project lead times mean even elevated prices haven't sparked a broad production rebound. Industry leaders like UR Energy CEO John Cash and Yellow Cake CEO Andre Liebenberg point to the lack of conversion and enrichment capacity in Western markets as an additional hurdle. This underscores the need for multi-year investment in the full fuel cycle.Geopolitics are also tightening Western supply chains. Kazakhstan, the world's top uranium producer, is increasingly shipping material eastward, not out of hostility but practicality. Still, the result is a growing bifurcation in global uranium flows that further limits Western procurement options.As a result, institutional investors are being encouraged to view uranium as a structurally revaluing asset class rather than a cyclical commodity. Exposure can be taken through physical holders like Yellow Cake, which tracks uranium prices directly, or producers like UR Energy, which is already generating long-term contract revenue.Risks remain—chiefly around timing, geopolitical disruption, and capital market dynamics. Yet, with demand outpacing supply and investment requirements high, the uranium market appears poised for sustained long-term opportunity.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Alain Lambert, CEO of Prismo Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/prismo-metals-csepriz-junior-explorer-targets-deep-porphyry-system-in-arizonas-copper-triangle-6645Recording date: 23rd April 2025In a recent interview, Alain Lambert, CEO of Prismo Metals, shared insights on political developments and commodity markets affecting the mining sector. With over three decades of experience in junior capital markets since 1987, Lambert provided valuable perspectives for resource investors navigating current market conditions.Lambert predicts the upcoming Canadian federal election on April 28, 2025, will likely result in a Liberal majority government under Mark Carney, continuing similar policies to the Trudeau administration. He attributes this political shift to anti-American sentiment in Canada, particularly in response to comments from US President Trump about Canada becoming "the 51st state." Despite current US-Canada trade tensions, Lambert expresses confidence these issues will be resolved once the new Canadian government is formed.On US trade policy, Lambert views Trump's tariff strategy as a negotiation tactic aimed at reducing trade deficits, addressing government spending, and managing national debt. He anticipates these policies will ultimately benefit the US economy, predicting "an historical economic boom."Lambert references a March executive order directing US government departments to streamline approvals for critical mineral projects, including copper. This policy environment could accelerate development timelines and improve capital access for companies operating in the US resources sector.Regarding metals markets, Lambert acknowledges gold's dramatic price increase from approximately $2,000 to $3,400 over 15 months but expects a correction. He notes mid-cap producers have benefited from the price rally, while junior explorers haven't seen proportional gains. Lambert cautions that any gold price correction could disproportionately impact junior exploration companies.Lambert is particularly optimistic about copper market dynamics, highlighting artificial intelligence as a significant demand driver that is often overlooked. "One thing they don't talk about enough is the impact of AI on electricity demand and the need for more electricity," he stated, adding this factor could be "more pronounced than demand because of electric vehicles."Prismo Metals is strategically positioned with a large copper exploration target approximately 40km from the Resolution Copper project (Rio Tinto/BHP joint venture) in Arizona. Lambert reports significant interest from major mining companies in US copper projects, creating potential partnership opportunities for companies like Prismo in jurisdictions set to benefit from favorable policy developments and strong underlying copper demand.View Prismo Metals' company profile: https://www.cruxinvestor.com/companies/prismo-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Craig Foster, Founder & CEO of Ondo InsurTechRecording date: 15th May 2025Ondo InsurTech PLC is emerging as a leader in the insurtech sector with its proprietary water leak detection system, LeakBot. The company is addressing one of the home insurance industry's most significant challenges – water damage, which represents a $17 billion annual claims burden in the US alone with an average claim of $14,000.The LeakBot technology utilizes a patented temperature differential monitoring system that homeowners can easily install by clipping it to their main water pipe. The device measures the temperature of the incoming water pipe and compares it to the ambient temperature. When water isn't being used, these temperatures should equalize; a continuous differential indicates a leak. The system can detect leaks as small as 5 milliliters per minute without requiring professional installation.Insurance companies pay Ondo approximately $5 per month per customer for this service, which includes the hardware, software, and any plumber visits required to find and fix detected leaks. With water damage claims costing insurers about $220 per policy annually, the $60 yearly investment offers a compelling return on investment.The company has achieved significant market penetration with deployments in 151,000 homes and partnerships with 24 insurance companies globally. Ondo reported revenue of nearly £4 million for the fiscal year ending March, with annualized contracted recurring revenue approaching £6 million. Growth is particularly strong in the US market at 400% year-on-year.Ondo's financial trajectory shows a clear path to profitability, with expectations to reach EBITDA-positive trading by the end of the current fiscal year. The business model is designed for improving margins, starting with single-digit P&L margins in the first year but growing to 70-80% in subsequent years.With high customer satisfaction (80+ Net Promoter Score), strong insurance partner retention (100%), and an addressable market of 13-14 million potential customer homes through existing partners alone, Ondo InsurTech is well-positioned in the growing field of preventative insurance technology.Sign up for Crux Investor: https://cruxinvestor.com

Interview withNick Earner, MD of Alkane ResourcesFrazer Bourchier, President & CEO of Mandalay ResourcesRecording date: 19th May 2025Alkane Resources (ASX:ALK) and Mandalay Resources (TSX:MND) have announced a strategic "merger of equals" that will create a significant mid-tier gold producer. The all-share transaction values Mandalay at A$559.1 million ($357.8 million), with Mandalay shareholders receiving 55% ownership of the combined entity and Alkane shareholders retaining 45%.The merged company will operate under the Alkane Resources name, trading on both the ASX and TSX exchanges. It will maintain a diversified portfolio of three producing mines - Tomingley (Australia), Costerfield (Australia), and Björkdal (Sweden) - with an anticipated annual production of 160,000-180,000 gold equivalent ounces.Financial projections for the combined entity are robust, including over $100 million USD in cash, zero debt, and approximately $200 million USD in annual free cash flow. This represents a cash flow multiple of approximately 3:1, compared to the industry standard of 4-5x EBITDA."This company will have over $100 million US in net cash positive with no debt," noted Frazer Bourchier, President and CEO of Mandalay Resources, highlighting the strong financial foundation of the merger.A key strategic rationale for the combination is achieving "capital relevance" through a pro-forma market capitalization of approximately $650 million USD. This scale should qualify the company for inclusion in both the ASX 300 index and the GDXJ (VanEck Junior Gold Miners ETF), potentially attracting institutional investors previously unable to invest due to size limitations.The merger has received unanimous board approval from both companies and secured voting support agreements from key shareholders. Shareholder votes are expected in June 2025, with transaction closing anticipated by August 2025.The combined entity will pursue a disciplined capital allocation strategy focused on organic exploration, M&A opportunities, and potential shareholder returns, operating with a philosophy of empowered site-level leadership and minimal corporate oversight.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Simon Marcotte, President & CEO of Northern Superior Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/northern-superior-resources-tsxvsup-consolidating-next-big-gold-camp-6910Recording date: 15th May 2025Northern Superior Resources (SUP) presents a compelling investment opportunity through its strategic consolidation of the Chibougamou Gold Camp in Quebec. The company has successfully transformed what was once five separate companies into a two-player district alongside major partner IAMGold, creating critical mass around a combined 12.4 million ounce resource base.The investment thesis centers on Northern Superior's superior asset quality at Filibert, which offers 15-18% higher grades (1.1 g/t) compared to IAMGold's flagship Nelligan deposit (0.95 g/t). More importantly, optimization analysis demonstrates that minor cut-off adjustments could improve Filibert's grade by 40% while retaining 90% of the ounces. This grade advantage becomes crucial for bulk tonnage operations where early cash flow determines project viability and payback periods.Recent exploration success reinforces the value proposition. Northern Superior's latest discovery of 18 meters grading 2.5 g/t gold, including 5 meters at 7 g/t, opens significant underground potential beneath existing open pit resources. This follows the successful model at Detour Lake, where underground expansion has delivered exceptional profitability through higher-grade material.The timing is optimal. IAMGold is approaching "cruise control" at their Côte Lake operation and management has indicated their focus will shift to Chibougamou development, targeting 15+ million ounces across the camp. With all assets within trucking distance and designed to feed a central processing facility, the camp's proximity economics create substantial synergies.Multiple value creation paths exist: organic development, optimization partnerships with IAMGold, or potential takeout as the camp advances toward development. Given junior gold stocks trading at historic lows relative to gold prices and the structural advantages Northern Superior has built within this emerging district, the company offers leveraged exposure to both the macro gold thesis and micro execution excellence.—View Nothern Superior Resources' company profile: https://www.cruxinvestor.com/companies/northern-superior-resources-incSign up for Crux Investor: https://cruxinvestor.com

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

House Committee on Natural Resources Subcommittee on Indian and Insular Affairs On Wednesday, April 30, 2025, at 2:00 p.m., in room 1324 Longworth House Office Building, the Committee on Natural Resources, Subcommittee on Indian and Insular Affairs will hold a legislative hearing on the following bills: H.R. 1451 (Rep. Brecheen), “Quapaw Tribal Settlement Act of 2025” H.R. 2302 (Rep. McClintock), “Shingle Springs Band of Miwok Indians Land Transfer Act of 2025” H.R. 2389 (Rep. Randall), “Quinault Indian Nation Land Transfer Act” H.R. 2400 (Rep. LaMalfa), “Pit River Land Transfer Act of 2025.” Committee Notice: https://naturalresources.house.gov/calendar/eventsingle.aspx?EventID=417061 Committee Repository: https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=118152

Graphic design is a big part of communicating conservation, and even though it's a visual art, it often takes place behind the scenes in a busy communication team setting. Smokey Solis is the graphic designer for the Oklahoma Department of Wildlife Conservation, and like many of us, he wears many hats and has other duties as assigned, but it all comes back to good design. Smokey talked with the Oregon Department of Fish and Wildlife's Tim Akimoff, host of the Outdoor Communicators Podcast, about how he got started in graphic design for a conservation agency and about what good design means to a team of people working together to convey many complicated aspects of fish and wildlife management. They migtht also have touched on tinned fish and tea, as Smokey and Tim share many affinities for fine tasting things and great design.  Questions about graphic design in conservation communication? Please feel free to reach out directly to Smokey Solis about those.  Smokey Solis Oklahoma Department of Wildlife Conservation - 1801 N. Lincoln Blvd.Oklahoma City, Oklahoma(405) 522-4028smokey.solis@odwc.ok.gov

This week, our guest is Dr. Heather Exner-Pirot, a Senior Fellow and Director of Energy, Natural Resources and Environment at the Macdonald-Laurier Institute in Ottawa, a Special Advisor to the Business Council of Canada, and a Research Advisor to the Indigenous Resource Network. Heather has twenty years of experience in Indigenous, Arctic and resource development and governance. She has published on Indigenous economic and resource development, energy security, and politics. Here are some of the questions that Peter and Jackie asked Heather: Does Canada have defense and security issues in the north? Politicians, including our Prime Minister, support Arctic export ports—do you expect to see new export corridors to the north? The Russians ship LNG from the Arctic, so why not Canada? What are your concerns about Prime Minister Mark Carney's climate policy, as outlined in his Liberal leadership and election platforms? What are the issues with Canada's greenwashing rules that were made law about one year ago? How would you recommend Canada move forward with speeding up the development of large projects—should the Impact Assessment Act (Bill C-69) be scrapped or just modified? What are the prospects for deploying small or micro nuclear reactors (SMRs) in the north? What does the future hold for Indigenous equity participation in major projects? Content referenced in this podcast:Northern Corridors: Hype or Hope? Macdonald-Laurier Institute, April 2025 Heather Exner-Pirot: Mark Carney's climate plan is already outdated, The Hub, February 2025 Canada's Greenwashing Amendment: A failure of process and policy, Macdonald-Laurier Institute, February 2025 From emergency to miracle – Germany's LNG Acceleration Law shows that Western states can still build when they need to, Macdonald-Laurier Institute, January 2024 Learn more about Ontario Power Generation's SMR project, including a video of the site preparation progress, Spring 2025Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

Dave Cawley, Host of the KSL Cold Podcast, "Uinta Triangle" is about a man named Eric Robinson who vanished in the Utah's High Uinta's. We speak to Dave about the new podcast and Captain Chase Pili, Utah Department of Natural Resources, Law Enforcement Division, about how to stay safe while hiking alone and what to know before heading out.

Compass, episode 15Our previous episode: https://www.cruxinvestor.com/posts/exploration-financing-and-consolidation-fuel-mining-sector-optimismRecording date: 14th May 2025Recent developments in the mining sector show increasing M&A activity alongside robust Q1 performance, according to Olive Resource Capital executives Samuel Pelaez and Derek Macpherson.Pan-American Silver's $2.1 billion acquisition of MAG Silver represents a modest 27% premium but trades at approximately 16-17 times earnings compared to Pan-American's 12 times multiple. The executives indicated they've increased their MAG position following the announcement, speculating that Fresnillo—MAG's joint venture partner at the Juanicipio mine—could potentially make a competing offer given their $1.3 billion cash position.In another consolidation move, Silver47 and Summa Silver are merging in what the executives describe as a "creative transaction" that will create better scale and improve access to passive fund flows, with year-round exploration capabilities.Q1 reporting from major gold producers shows strong cash generation, with gold prices increasing approximately 12% from Q1 to Q2. This price improvement could translate to 30-35% growth in free cash flow for efficient operators.The executives highlighted AngloGold Ashanti as potentially undervalued, producing 720,000 ounces in Q1 with all-in sustaining costs of $1,640 per ounce. Despite generating roughly 30-50% less free cash flow than Agnico Eagle, AngloGold has only about half the market capitalization.K92 Mining was singled out as an exceptional growth opportunity, with funded expansion plans to increase production from 180,000 to approximately 400,000 gold equivalent ounces annually. At its current $2 billion market cap, K92 could potentially generate a 35% cash flow yield once Phase 4 is complete.The executives emphasize free cash flow (CFO + CFI) as the most reliable metric for evaluating mining companies, providing investors with a framework for analyzing companies in the current environment of elevated metal prices.Sign up for Crux Investor: https://cruxinvestor.com

Interview withMichael Walshe, Managing Director & CEO of MTM Critical MetalsSteve Ragiel, President of Flash Metals USAOur previous interview: https://www.cruxinvestor.com/posts/mtm-critical-metals-asxmtm-revolutionary-tech-could-supply-us-critical-gallium-needs-by-2025-6590Recording date: 15th May 2025MTM Critical Metals (ASX:MTM) has positioned itself for near-term production with several significant developments that strengthen its investment case. The company has secured a pre-permitted brownfield site in Texas's industrial corridor that bypasses lengthy regulatory processes, enabling commercial production by the end of 2025. This 20,000-square-foot facility of 40-foot ceilings provides immediate operational capacity and room for expansion."We have a very rapidly deployable technology. We can be running here in 8 months. And that compares favorably with mines and other refineries that will take 3-5 years," noted Steve Rio, President of U.S. Operations, highlighting a key competitive advantage that has garnered strong government interest.MTM's proprietary flash heating technology combines electrical-based energy with specialized chemistry to recover high-value metals like gallium and germanium from electronic waste and production scrap. The process is approximately 90% more energy efficient than conventional smelting techniques and allows for selective recovery of specific metals with over 90% purity.The company has established a robust commercial foundation with long-term supply agreements for electronic waste that include penalties for non-supply—a crucial provision that underpins their economic model. Similar agreements for gallium and germanium processing are being finalized with minimum floor prices to protect against market manipulation.MTM's dual business model includes a build-own-operate approach for high-value materials and a warranty-based licensing system for mineral processing applications. This strategy allows them to focus capital on high-margin opportunities while generating additional revenue streams. Recent meetings in Washington DC have yielded strong support from congressional representatives, with officials requesting MTM identify additional sites across different U.S. regions to establish geographic diversity in domestic metal recovery capabilities.For investors, MTM represents an opportunity to gain exposure to critical minerals with a faster path to revenue than traditional mining operations. The company's protected supply chain, energy-efficient technology, and alignment with national security priorities create a compelling investment case in a sector of growing strategic importance. The year-end commissioning target serves as a key milestone that could validate their innovative approach and potentially catalyze significant value creation.View MTM Critical Metals' company profile: https://www.cruxinvestor.com/companies/mtm-critical-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Rory Quinn, President & CEO of Yukon MetalsRecording date: 12th May 2025Yukon Metals Corp. (CSE: YMC) is an emerging mineral exploration company advancing a trio of high-priority projects in Canada's Yukon Territory—Star River, AZ, and Birch. Backed by ~$17 million in cash and the support of industry veterans including the Berdahl family (founders of Snowline Gold) and Keith Neumeyer, Yukon Metals is targeting transformative discoveries in 2025.Formed in 2024 from a private portfolio of 17 properties built over two decades, Yukon Metals is led by CEO Rory Quinn, a former Wheaton Precious Metals executive. The company has strategically narrowed its focus to three core assets based on grade potential, accessibility, and geological indicators. These projects benefit from proximity to year-round infrastructure, giving the company a cost and logistics edge in a traditionally challenging region.Star River is Yukon's flagship, offering surface samples with up to 11,000 g/t silver and 101 g/t gold, supported by overlapping geophysical anomalies suggestive of a large carbonate replacement system. AZ is a copper-gold target with a 1.2 km gossan zone and trenching results up to 10.3% Cu, while Birch hosts geochemical signatures of an intact porphyry system near the Casino district.The company plans to drill 9,000 meters across all three projects in 2025, with initial results from Star River expected to serve as the key catalyst. Supported by disciplined capital allocation, minimal holding costs on its wider property portfolio, and strong shareholder alignment, Yukon Metals is well-positioned to make a meaningful discovery in a resurgent exploration environment.In a macro climate where secure, high-grade metal sources are increasingly prized, Yukon Metals' infrastructure-accessible, high-potential assets offer compelling exposure to gold, silver, and copper in one of Canada's most promising jurisdictions.View Yukon Metals' company profile: https://www.cruxinvestor.com/companies/yukon-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Selby, CEO of Canada NickelOur previous interview: https://www.cruxinvestor.com/posts/canada-nickel-tsxvcnc-crawford-project-advances-with-feed-completion-eyes-2025-construction-6791Recording date: 13th May 2025Canada Nickel Corporation (TSX: CNC) presents a compelling investment opportunity as it advances North America's most promising nickel project in the face of unprecedented government support and institutional capital returning to the mining sector. CEO Mark Selby's leadership has positioned the company to capitalize on what he describes as "the world's largest nickel sulfide district" in Timmins, Ontario, with the flagship Crawford project now approaching a construction decision after completing its FEED study and progressing through permitting.The company's innovative financing strategy has set it apart during challenging capital markets, executing its fourth successful bridge financing arrangement to avoid dilutive equity raises while maintaining project momentum. Recent financing totaling $39-40 million, including a groundbreaking partnership with TTN First Nation, demonstrates management's ability to access capital through non-traditional channels. This approach recognizes the fundamental shift in mining finance, where actively managed funds have "shrunk very dramatically over the last 15 years" and become concentrated in gold, copper, and silver.Political tailwinds have never been stronger for critical mineral projects in North America. The Trump administration's supply chain security focus, combined with Canada's new government under Carney promising to accelerate critical mineral development, creates multiple funding pathways for projects like Crawford. The Canadian government has established numerous funding programs worth billions, though deployment has been slow until now. With both governments prioritizing critical mineral security and upcoming USMCA renegotiations, Canada Nickel is positioned to benefit from what Selby describes as "monster bold steps forward" in government support.Unlike many nickel companies dependent solely on the EV market, Canada Nickel has strategically designed its operations for market flexibility. The company can direct 100% of production to the stainless steel and alloy markets, which continue to show strong growth (China's 300 series stainless production up 12% year-over-year), while maintaining optionality for EV sales through its Samsung SDI offtake agreement. This diversification provides crucial revenue stability as some automotive manufacturers, including Honda, reassess their EV timelines.Perhaps most significantly for near-term share price performance, generalist institutional investors are returning to mining after a decade-long absence. Selby reports that recent conferences included multiple meetings with generalist funds, representing a fundamental shift from resource-only investors. These funds see relative value in a sector trading at "5 and 10% of NPV" compared to broader markets at high multiples. When generalist capital moves from "0.05% of assets to 0.1% to 0.25%," it creates what Selby describes as "a tidal wave of capital."The company has outlined a comprehensive $3 billion funding package with multiple committed sources including $500 million from Export Development Canada, $600 million in refundable tax credits, $100 million from Samsung, and additional potential funding from European agencies and Canadian government programs. With permitting on track for year-end completion and detailed engineering advancing, Canada Nickel is positioned to make its final investment decision and benefit from first-mover advantage in one of the world's most promising nickel districts.For investors, Canada Nickel represents exposure to critical mineral supply chain security, innovative financing structures, and the convergence of government support with returning institutional interest—all while maintaining operational flexibility that provides downside protection in volatile markets.—View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com

Interview with Kevin Smith, Non-Executive Director of Iris Metals Ltd.Recording date: 15th May 2025Iris Metals (ASX:IR1) presents a distinctive investment proposition in the lithium sector, focusing on speed-to-market in the United States through brownfield restart projects in South Dakota. Unlike many peers that require years of development and massive capital expenditure, Iris is advancing a permitted portfolio of hard rock spodumene assets with potential production by the end of 2026."This isn't your traditional dynamic of what you think of in a Western Australian style spodumene project where we're going to go drill for three or four years, build a huge resource, then raise a billion dollars off an FID and go build it," explains Kevin Smith, Non-Executive Director of Iris Metals. "We have a quick path to production by leveraging the operations that are already there."The company's strategic advantages begin with location. In a US market that currently imports 100% of its lithium requirements, Iris controls previously producing mines that operated during the Cold War era. These assets are already licensed and permitted, potentially eliminating years of regulatory hurdles that typically delay new mining projects.Iris employs a "hub and spoke" model centered around three primary project areas: Beecher (which already has a resource statement), Tin Mountain, and Edison. All three sites are currently being drilled, with updated resource estimates expected by fall 2025 to support a final investment decision.The US political landscape creates additional tailwinds. Recent tariffs on lithium imports, even from traditional allies like Canada, provide market protection for domestic producers. Combined with production tax credits, these policies create a protected ecosystem for US lithium development.From a technological standpoint, Iris avoids the risks associated with novel extraction methods by focusing on conventional hard rock mining – a proven approach widely used in established lithium producing regions. "We don't have to prove up a process flowsheet like the DLE guys," notes Smith. "We're going to use technology that's tried and proven in Western Australia and other places."The company claims several advantages that could contribute to a competitive cost structure, including very low strip ratios (potentially as low as 1:1), existing infrastructure, and proximity to workforce and services. These factors lead Iris to believe it can operate in "the bottom quartile of the cost curve" globally.Beyond mining, Iris has demonstrated the ability to produce battery-grade lithium compounds domestically through partnership with Indiana-based Reelement. Initial trials have reportedly produced 99.5% pure lithium carbonate – potentially enabling a complete US supply chain without sending material overseas for processing.For investors, upcoming catalysts include results from ongoing drill programs, trial mining activities to verify cost parameters, detailed engineering studies, and a potential OTC listing to improve accessibility for North American investors. The timeline to potential production appears relatively short compared to many lithium development peers, potentially offering a faster path to cash flow in a strategic jurisdiction.View Iris Metals' company profile: https://www.cruxinvestor.com/companies/iris-metals-limitedSign up for Crux Investor: https://cruxinvestor.com

Interview with Hayden Locke, President & CEO of Marimaca CopperOur previous interview: https://www.cruxinvestor.com/posts/marimaca-copper-tsxmari-de-risked-chilean-copper-developer-on-the-fast-track-to-production-6720Recording date: 12th May 2025Marimaca Copper is making substantial progress on two fronts in northern Chile's prolific copper belt. The company is finalizing the Definitive Feasibility Study (DFS) for its flagship Marimaca oxide project while simultaneously uncovering exciting exploration results at the nearby Pampa Medina project.Recent drilling at Pampa Medina has revealed a potentially transformative discovery with two stacked manttos (horizontal ore bodies) showing different styles of mineralization. The upper zone intersected approximately 80 meters at over 1.2% copper, including a higher-grade section exceeding 20 meters at roughly 2.5%. More significantly, deeper drilling encountered substantial visual bornite and chalcopyrite mineralization in the lower 300 meters, with assays pending."We now think that Pampa Medina has the potential to nearly double in size if there's continuous mineralization between the current Pampa Medina manto horizon out to the Pampa Medina Norte extension," explained Hayden Lock, President and CEO of Marimaca Copper. This expansion could substantially increase the strike length of the deposit. The mineralization bears similarities to Antofagasta's Cachuro discovery, which boasts a resource exceeding 300 million tons at over 1% copper.Marimaca is pursuing a pragmatic hub-and-spoke development strategy, with the flagship Marimaca oxide project serving as the central processing facility for multiple satellite deposits, including Pampa Medina and Madrugador. This approach aims to maximize capital efficiency while providing a clear path to significant production scale.The exploration success could significantly enhance the company's production profile. Current development plans target approximately 50,000 tons of copper annually from the Marimaca oxide project. However, integrating the satellite deposits could increase production to 70,000-75,000 tons, which would make Marimaca Copper the sixth largest copper project on the ASX according to Lock.Internal assessments suggest Madrugador and Pampa Medina together could contribute 20,000-25,000 tons annually for 13-14 years, even without additional exploration success. The company has commissioned an integration study from Stantec to validate the economic benefits of incorporating these satellite deposits into the development plan.Initial metallurgical indications for the Pampa Medina oxide material are encouraging, with data suggesting high acid solubility and potentially better recoveries than at the flagship Marimaca project. The company is balancing aggressive exploration ambitions with pragmatic capital management, focusing immediate drilling efforts on connecting the Pampa Medina Norte extension with the main deposit while conducting select deeper holes to test sulfide potential.For investors, Marimaca offers exposure to a copper development story with multiple near-term catalysts, including the completion of the DFS for the flagship project, pending assay results from deep drilling, and the integration study results. The company's advancing development timeline coincides with a period of favorable copper market fundamentals, characterized by accelerating demand and constrained supply growth.Marimaca's progress toward production, combined with its expanding resource potential, positions it as an increasingly significant player in the copper development landscape.Learn more: https://cruxinvestor.com/companies/marimaca-copperSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Major, CEO of Krakatoa Resources Ltd.Our previous interview: https://www.cruxinvestor.com/posts/krakatoa-resources-kta-hopeful-gold-explorer-next-to-australias-largest-gold-mine-323Recording date: 13th May 2025Krakatoa Resources (ASX:KTA) is rapidly advancing its Zopkhito antimony-gold project in Georgia, targeting a JORC-compliant resource by early 2026. With antimony increasingly recognized as a critical mineral due to its importance in defense, renewable energy, and industrial sectors—and global supply dominated by China, Russia, and Tajikistan—Krakatoa's project has drawn investor attention for its strategic potential and high grades.Originally explored by Soviet geologists, Zopkhito boasts historical grades averaging 11.6% antimony—far above the global average of around 1.3%. CEO Mark Major emphasized the urgency of diversifying antimony supply, noting, "It is not a recyclable element—you use it, you lose it." Krakatoa aims to leverage this exceptional grade and decades of existing data to fast-track validation through a 7,000–10,000 meter drill campaign beginning mid-2025, with JORC-compliant results expected by Q1 2026.The company plans to raise AUD 2 million, focusing on long-term investors aligned with its vision of transitioning from confirmation to early-stage production within two years. A small-scale antimony concentrate operation is being considered to capitalize on near-term price strength, with gold offering longer-term upside.Georgia's supportive mining laws and existing permits at Zopkhito present a significant regulatory advantage. Krakatoa's strategy—centered on high-grade mineralization, reduced exploration risk, and early cash flow—positions it as a compelling entry point into the critical minerals market. As global powers seek secure antimony supply chains, Krakatoa's Western-aligned, high-grade asset offers both strategic relevance and economic promise.View Krakatoa Resources' company profile: https://www.cruxinvestor.com/companies/krakatoa-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Malcolm Dorsey, President & CEO of Torr Metals Inc.Recording date: 13th May 2025Torr Metals (TSXV:TMET) is a Canadian exploration company preparing for its maiden drill program at the Kolos Project in southern British Columbia—a road-accessible copper-gold porphyry target located near major producing mines like New Afton and Highland Valley. With strong early indicators including high-grade surface samples and a 1,300m x 800m geophysical anomaly at the Bertha Zone, Torr is targeting up to 3,000 meters of drilling in 2025.The Kolos Project benefits from exceptional infrastructure: it lies along Highway 5, 30 minutes from a lab in Kamloops, and requires no seasonal camp. This accessibility dramatically reduces costs and supports fast assay turnaround. CEO Malcolm Dorsey emphasizes that Kolos exhibits “a very large zone of hydrothermal alteration and mineralization,” consistent with porphyry systems sought by major miners.Torr's land position is strategically located within a competitive mining district. Majors like Teck, New Gold, Hudbay, Fortescue, and Boliden have recently staked nearby, signaling rising interest in the area. With New Afton and Highland Valley approaching end-of-life within 6–15 years, a discovery at Kolos could serve as a future feedstock source for local mills.Beyond Kolos, Torr offers exploration optionality with two additional projects: the Filion Gold Project in Ontario, featuring high-grade historic samples, and the Latham copper-gold project in northern BC, both aligned with the company's low-cost, highway-accessible strategy.With just 42 million shares outstanding, a ~$6M market cap, and 25% insider ownership, Torr Metals provides investors with high-leverage exposure to copper-gold discovery. As electrification drives long-term copper demand and supply tightens, Torr is positioned as an emerging junior in a region that majors are watching closely.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Niël Pretorius, CEO of DRDGOLD Ltd.Our previous interview: https://www.cruxinvestor.com/posts/sustainable-gold-silver-producers-showcase-new-value-creation-model-6117Recording date: 13th May 2025DRDGOLD Limited (NYSE:DRD) has established a distinctive position in the gold mining industry with its innovative approach of recovering gold from historical mine tailings rather than conventional underground mining. This South African producer combines environmental remediation with profitable gold production in a waste-neutral business model that's proving particularly effective in today's strong gold market.Under CEO Niël Pretorius's leadership, DRDGOLD is executing a major infrastructure investment program to extend the operational life of its assets through 2040. The company recently completed a 60 MW solar power facility and is implementing a 180 MW battery energy storage system, addressing previous power challenges. Additional investments include new tailings storage facilities and expanded processing capacity at both its Ergo and Far West Gold Recoveries (FWGR) operations.What stands out about DRDGOLD's growth strategy is that it remains entirely self-funded. Strong gold prices have driven record performance, allowing the company to maintain its 18-year dividend streak while simultaneously funding its capital expansion program without external financing. By FY2028, DRDGOLD targets a combined processing throughput of 3 million tonnes per month and annual gold production of approximately 200,000 ounces.The company's ESG credentials are compelling. Rather than generating new mining waste, DRDGOLD processes legacy tailings and deposits them into modern facilities with superior environmental standards. This approach enables concurrent rehabilitation of mining sites and reduces final closure costs.DRDGOLD's business model offers several advantages over traditional mining operations. With approximately 5.5 million ounces of gold resources already above ground in tailings, the company faces minimal geological risk. Its engineering-focused approach emphasizes processing efficiency and consistent output, functioning almost like a gold-processing factory.The company maintains a no-hedging policy, providing investors with full exposure to gold price increases. This strategy aligns with broader macroeconomic trends supporting gold, including geopolitical tensions, inflation concerns, and growing interest in hard assets.DRDGOLD also prioritizes organizational continuity and talent development, with nearly half its workforce now comprising women and a new generation of young professionals advancing through the ranks. This stable management team and strong corporate culture support the company's long-term vision of optimized resource recovery coupled with responsible environmental stewardship.View DRDGOLD's company profile: https://www.cruxinvestor.com/companies/drdgold-limitedSign up for Crux Investor: https://cruxinvestor.com

Interview with Juan Garcia Valledor, GM Spain of Pan Global Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/pan-global-resources-tsxvpgz-poised-to-thrive-in-the-coming-copper-boom-6794Recording date: 13th May 2025Pan Global Resources (TSXV: PGZ) is making significant progress on its copper, tin, and gold exploration portfolio across Spain. Led by an experienced mine-building team, the company is advancing multiple promising projects with a clear development roadmap.The flagship La Romana deposit continues to expand, now extending 1.7 km in strike length with consistent copper and tin mineralization. With nearly 190 drill holes completed, Pan Global is approaching a maiden resource estimation expected in 2025, followed by a Preliminary Economic Assessment in 2026. Company leadership is confident that "La Romana is clearly in the way to be a mine."Recent drilling at La Pantoja, 500 meters west of La Romana, intersected high-grade copper (1.5%) and tin (0.1%), potentially extending the resource footprint. Meanwhile, exploration at the northern Cármenes and Profunda projects has revealed impressive gold values exceeding 3g/t over 37 meters and copper samples grading over 5%.Pan Global's strategic advantage comes from its location in Andalusia, one of Europe's most mining-friendly jurisdictions with supportive local communities and administration. The Spanish government is developing a new mining exploration framework, with Pan Global contributing to the process.The company's approach differs from typical grassroots explorers, with a management team that includes multiple mining engineers preparing for development phases. Environmental and social groundwork is already underway, reflecting the company's commitment to responsible practices.With 7,000 meters of drilling planned for 2025 and multiple high-potential targets within trucking distance of each other, Pan Global envisions potentially consolidating several deposits into a standalone mining operation, with alternative options including toll milling at nearby facilities.As Europe seeks secure sources of critical minerals for electrification and decarbonization, Pan Global's multi-metal portfolio in an EU-aligned jurisdiction offers a compelling investment case amid structural supply constraints for copper and increasing demand for tin in technology applications.View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Ian Harris, President & CEO of Outcrop Silver & Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-tsxvocg-why-eric-sprott-holds-199-of-this-high-grade-silver-opportunity-6786Recording date: 12th May 2025Outcrop Silver & Gold (TSXV: OCG) is advancing one of the highest-grade primary silver projects globally, with CEO Ian Harris leading a disciplined approach to resource expansion and valuation growth.The company currently holds 37 million ounces of silver and aims to reach at least 60 million ounces in the near term, with ambitions to exceed 100 million ounces within the next 18-24 months. This expansion is supported by a fully-funded $12 million drill program, which has already delivered promising results including intercepts of "20 meters at 992 grams per tonne silver."Harris emphasizes a strategic approach that decouples valuation from volatile silver prices, focusing instead on creating measurable returns through resource expansion for every dollar invested. This disciplined stance aims to mitigate dilution risks while ensuring consistent growth regardless of market fluctuations.The company is pursuing a "starter-scale" development strategy, planning a smaller initial operation to reduce capital requirements and accelerate cash flow generation. This approach mirrors successful models in the gold sector, providing a more accessible pathway to production in today's challenging financial environment.The broader macroeconomic backdrop offers supporting factors for silver demand, including global debt accumulation and shifts away from the US dollar toward alternative assets. These trends potentially strengthen the fundamental case for silver investments over the medium-to-long term.In the current M&A landscape, Harris notes that acquisitions primarily reward producing assets rather than exploration-stage projects, underlining Outcrop's strategy to advance quickly toward initial production to enhance its strategic appeal.With strong exploration results underpinning near-term valuation catalysts and a clear pathway to growth, Outcrop Silver & Gold represents a disciplined approach to silver resource development in a market increasingly favorable to precious metals investments.View Outcrop Silver & Gold's company profile: https://www.cruxinvestor.com/companies/outcrop-silver-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with David Londoño, President & CEO of Mineros SAOur previous interview: https://www.cruxinvestor.com/posts/mineros-sa-tsxmsa-leading-gold-producer-in-colombia-with-growth-plan-towards-400000-ozyr-6250Recording date: 12th May 2025Mineros SA (TSX: MSA), a Latin America-focused gold producer, is charting a path of disciplined expansion under newly appointed CEO David Londoño, a Colombian mining engineer with over 30 years of industry experience. With operations in Colombia and Nicaragua, the company produces gold through low-cost dredging and underground mining methods, generating $160 million in annual revenue and maintaining a strong cash balance of $81 million. It also rewards shareholders with a stable 10-cent annual dividend.In Colombia, Mineros uses an environmentally friendly dredging process powered by hydroelectric energy, which allows for simultaneous gold recovery and land reclamation. In Nicaragua, operations are set to expand following the approval of a new mine at Porvenir, which could boost regional output by 50,000–60,000 ounces annually.A hallmark of Mineros' strategy is its integration of artisanal miners into the supply chain—an initiative that supports local communities while enhancing the grade of processed ore. With this social license and local expertise, the company is evaluating acquisitions across Latin America, targeting 70,000 to 130,000-ounce-per-year assets that complement its current footprint.Londoño is focused on margin discipline and performance. “We don't control the price, but we control the costs and our performance,” he stated. With improved market visibility and a rising share price, Mineros is positioning itself as a cost-effective, socially conscious, and dividend-paying gold producer with room to grow. The company's strategic focus on value-driven expansion and operational excellence highlights its potential as a standout mid-tier player in the Latin American gold sector.View Mineros SA's company profile: https://www.cruxinvestor.com/companies/mineros-saSign up for Crux Investor: https://cruxinvestor.com

Send us a textIn our latest Small-Cap Spotlight flashcast, Jeff Robertson, Managing Director of Natural Resources at WTR breaks down his recent initiation of coverage report on Journey Energy Inc.

The fight over the Inflation Reduction Act has arrived. After months of discussion, the Republican majority in the House is now beginning to write, review, and argue about its plans to transform the climate law's energy tax provisions. We wanted to record a show about how to follow that battle. But then — halfway through recording that episode — the Republican-controlled House Ways and Means Committee dropped the first draft of their proposal to gut the IRA, and we had to review it on-air. We were joined by Luke Bassett, a former senior advisor for domestic climate policy at the U.S. Treasury Department, and a former senior staff member at the Senate Committee on Energy and Natural Resources. We chatted about the major steps in the reconciliation process, what to watch next, and what to look for in the new GOP draft. Shift Key is hosted by Jesse Jenkins, a professor of energy systems engineering at Princeton University, and Robinson Meyer, Heatmap's executive editor.Mentioned:The House GOP Tax Proposal Would Effectively Kill The IRAPermitting Reform Is Back — and Buried in Trump's Tax BillThe House Ways and Means Committee's first attempt at rewriting the IRA and its energy tax provisions(Note: At one point, Luke refers to a permitting reform proposal as coming from the Energy and Commerce Committee. It's a product of the House Natural Resources Committee.) --​Music for Shift Key is by Adam Kromelow. Hosted on Acast. See acast.com/privacy for more information.