Podcasts about natural resources

Interview with Nicholas Holthouse, MD & CEO, and Peter Ruse, Head of Corporate Development, Mont Royal ResourcesRecording date: 21st October 2025Mont Royal Resources (ASX:MRZ) is preparing to list on the Australian Securities Exchange on 5th November 2025, following its merger with Commerce Resources. The combined entity brings together North America's largest undeveloped rare earth deposit - the Ashram project in Quebec, Canada—with experienced management and a clear development strategy aimed at capitalizing on unprecedented Western government support for critical minerals.The Ashram deposit contains nearly 200 million tons of resource grading approximately 2% total rare earth oxide (TREO), supported by over 30,000 meters of drilling. What distinguishes the project is its exceptional metallurgical characteristics, with CEO Nicholas Holthouse noting the asset produces concentrates of 35-37% through strong flotation kinetics, a critical factor where many rare earth projects fail to deliver despite promising headline numbers.Holthouse, who brings eight years of rare earth sector experience including roles at Hastings Technology Metals and Meteoric Resources, will relocate to Montreal to oversee development. This on-site leadership approach mirrors the successful strategy employed by Michael O'Keefe at Champion Iron, also operating in Quebec.The company plans to scale operations to 1.2 million tons per year throughput, producing approximately 2,800-3,000 tons of NdPr annually, a "bite-sized chunk" attractive to separators while maintaining scalability for future expansion. The project also contains valuable fluorspar mineralization, contributing 10-15% of projected value and addressing North American supply shortages.The merged entity will comprise approximately 190 million shares at 20 cents per share with $10 million cash, creating an enterprise value of $25 million - compelling value for a resource of this scale. Near-term focus centers on securing government support for road infrastructure connecting the remote deposit to markets, leveraging Canada's recent commitment to allocate 1.5% of GDP specifically to critical mineral projects and associated infrastructure.View Mont Royal Resources' company profile: https://www.cruxinvestor.com/companies/mont-royal-resourcesSign up for Crux Investor: https://cruxinvestor.com

On Today's Episode –Hello again everyone…today we welcome back Bonner Cohen who is going to talk to us about Climate issues and the Supreme Court. But first, Mark tells us how we could fix the healthcare issues in about a weekend. Our FDA is an armed enforcement bureau for big pharma.We then hop into Dr. Cohen's topic…great stuff.Tune in for all the Fun Topic-https://www.cfact.org/2025/09/26/supreme-court-must-halt-states-climate-shakedowns/ Bonner R. Cohen is a senior policy analyst with the Committee for a Constructive Tomorrow, where he concentrates on energy, natural resources, and international relations. He also serves as a senior policy adviser with the Heartland Institute, senior fellow at the National Center for Public Policy Research, and as adjunct scholar at the Competitive Enterprise Institute. Articles by Dr. Cohen have appeared in the Wall Street Journal, Forbes, Investor's Business Daily, New York Post, Washington Times, National Review, Philadelphia Inquirer, Detroit News, Atlanta Journal-Constitution, Miami Herald, and dozens of other newspapers in the U.S. and Canada. He has been interviewed on Fox News, CNN, Fox Business Channel, BBC, BBC Worldwide Television, NBC, NPR, N 24 (German language news channel), Voice of Russia, and scores of radio stations in the U.S. Dr. Cohen has testified before the U.S. Senate committees on Energy & Natural Resources and Environment & Public Works as well as the U.S. House committees on Natural Resources and Judiciary. He has spoken at conferences in the United States, United Kingdom, Germany, and Bangladesh. Dr. Cohen is the author of two books, The Green Wave: Environmentalism and its Consequences (Washington: Capital Research Center, 2006) and Marshall, Mao und Chiang: Die amerikanischen Vermittlungsbemuehungen im chinesischen Buergerkrieg (Marshall, Mao and Chiang: The American Mediations Effort in the Chinese Civil War) (Munich: Tuduv Verlag, 1984). Dr. Cohen received his B.A. from the University of Georgia and his Ph.D. – summa cum laude – from the University of Munich.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Interview with Paul Ténière, CEO, Lafleur MineralsOur previous interview: https://www.cruxinvestor.com/posts/lafleur-minerals-cselflr-swanson-expansion-targets-500k1m-oz-resource-in-quebec-gold-camp-8112Recording date: 28th October 2025Lafleur Minerals is positioning itself for gold production within 12 months through the strategic integration of its Swanson deposit with the fully-owned Beacon Gold Mill in Quebec. CEO Paul Ténière outlined the company's comprehensive development plan during a detailed discussion, emphasizing how existing infrastructure and historical data are being leveraged to accelerate the path to production.The company is targeting completion of a preliminary economic assessment by December 2025, though Ténière noted the study approaches prefeasibility-level detail despite its PEA classification for regulatory purposes. "It's kind of misleading in a way to call it a PEA. We're calling it a PEA level only because really we're moving into a PFS level," he explained. The scope includes comprehensive work by ERM consultants covering pit design, metallurgical testing, ore sorting evaluation through SRC in Saskatchewan, and a mineral resource update incorporating twin holes at Swanson.The Beacon Gold Mill, which operated until 18 months ago under previous ownership by Monarch Mining, provides Lafleur with detailed operating cost data rarely available to development-stage companies. A dedicated team of engineers is already mobilized at the site, with initial maintenance and repairs estimated at $2-6 million. The restart strategy includes processing 5,000 tons of existing stockpile to validate equipment performance before Swanson material arrives in early 2026.Swanson's location on an existing mining lease 45-50 kilometers from Beacon significantly streamlines the permitting pathway. The company needs only to submit an updated mine plan and environmental closure plan to Quebec authorities, a process Ténière indicated "can be done in a matter of months" rather than years. The initial development phase envisions an 80,000-100,000 ton bulk sample that represents the first phase of mining, serving to validate metallurgical projections while generating early cash flow.Beyond the initial open-pit scenario, Lafleur has identified multiple expansion pathways including underground resources at Swanson showing higher grades at depth, potential mill expansion to 3,000 tons per day, and custom milling opportunities for regional deposits.Learn more: https://www.cruxinvestor.com/companies/lafleur-mineralsSign up for Crux Investor: https://cruxinvestor.com

This NDSU Ag Minute features Jill Murphy, NDSU Extension Ag and Natural Resources for Traill County. Murphy talks soybean and corn harvest in the county. See omnystudio.com/listener for privacy information.

Join us as we talk to State Representative Tom Kunse from Michigan's 100th district to discuss current legislation that will impact outdoorsmen and women in the state. We cover: * Tom's background including his time in the Michigan House of Representatives * Ted Nugent's recent trip to Lansing with a concealed firearm and the security debacle that ensued (more people carry in the state house than you'd think) * Tom presents 2 bills currently being discussed that will impact how both the DNR and EGLE interact with private property. * The state of Michigan's DNR and whether additional funding will solve their problems * Why Michigan doesn't allow Sand Hill Crane hunting, except in certain circumstances and the moral issues this presents * Rules that only seem to negatively impact hunters without positively impacting wildlife (killing and wasting nuisance geese, antler point restrictions, banning the use of bait) * The difference between a wildlife department run by biologists vs. a department run as a police force * The waste of taxpayer dollars on frivolous lawsuits * Should the government shutdown impact the publics ability to purchase a hunting license * Recent increases in hunting pressure despite a decrease in hunter numbers * Many bills brought forth are made by people who don't understand hunting tradition and it's impact on the state which it is why it is so important that hunters get out and vote! * How to get involved in the decisions that are being made everyday that impact your way of life Thanks to State Rep Tom Kunse for joining us to discuss these important topics. To contact hime directly regarding the information from the podcast, you can reach him at TomKunse@house.mi.gov To get involved yourself, check out the 2 bills currently in process here: DNR access to private property: https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-4073.htm EGLE access to private property: https://www.legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-4421.htm Find out more information about bills in your area by going to: www.hunternation.org Watch our HISTORY Channel show on: - HISTORY Follow us on: - Facebook - Instagram - Twitter - Youtube - Our Website

In this newscast: Federal subsidies for rural air travel will continue through at least mid-November despite the government shutdown. That's according to a notice from the Transportation Department telling air carriers that it's found enough funding to continue paying Essential Air Service subsidies through Nov. 18; The state's plan to build a new ferry terminal north of Juneau has sparked calls for more information about the project … and, what justifies it. The state recently released an economic analysis to that effect. But, at least so far, the report hasn't done much to ease concerns – particularly among members of a key oversight board; The University of Alaska Anchorage kicked off its new school psychology master's program this fall to address a shortage in school psychologists. But the program has so far failed to get approval from the state Board of Education over concerns about social justice advocacy. That could make it harder for students to get jobs after they graduate; John Boyle, commissioner of the Alaska Department of Natural Resources, abruptly resigned his position on Friday. Gov. Mike Dunleavy announced the appointment of his deputy, John Crowther, as acting head of the agency that regulates Alaska's agriculture, mining, oil and gas.

October 30, 2025 ~ Matthew Daum, dean of the Michigan State University College of Agriculture and Natural Resources, joins Chris, Lloyd, and Jamie to discuss becoming the dean earlier this year, programs offered, career outcomes for graduates, and more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oct. 30, 2025 ~ Matthew Daum, Dean of the Michigan State University College of Agriculture and Natural Resources, chats about becoming the dean earlier this year, the undergrad degree programs offered in his college, career outcomes for graduates, and more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Everyday Environment Podcast, hosts Amy Lefringhouse and Karla Griesbaum talk with Allen Lawrance, Curator of Entomology at the Peggy Notebaert Nature Museum, to discuss the power of community science and how volunteers contribute valuable data to wildlife monitoring programs across Illinois. Allen highlights initiatives like the Illinois Butterfly Monitoring Network, the Illinois Odonate Survey, and the Calling Frog Survey. These programs help track species abundance and distribution and are crucial for understanding environmental change, including the impacts of habitat loss and climate change. Allen emphasizes that anyone can participate with basic training—no science background is needed.ResourcesFederal Community Science OpportunitiesIllinois Odonate SurveyCalling Frog SurveyPeggy Notebaert Illinois Butterfly Monitoring NetworkEast Central Illinois FrogWatchNorth American Butterfly Association Butterfly CountsShare your own Everyday ObservationWas there something about this topic we didn't cover? See something cool in nature? Let us know! Send us your question or share your everyday nature observation with us at go.illinois.edu/EEconnect, and we may share it in a future blog or podcast.Questions? We'd love to hear from you!Abigail Garofalo aeg9@illinois.edu, Erin Garrett emedvecz@illinois.edu, Amy Lefringhouse heberlei@illinois.edu Subscribe to our NewsletterCheck out our BlogSee the Everyday Environment Archives

Canada's upcoming federal budget is, by any measure, going to be big. It'll be big in size, symbolism and substance. And it's going to have to find support somewhere in the House to be passed at all. To talk about what's at stake, we've reconvened our policy panel, featuring Armine Yalnizyan and Sean Speer. They talk to host Amanda Lang about the need to fortify the economy, fight tariffs and make concessions.

Interview with Kevin Bailey, Executive Chairman & CEO of Po Valley EnergyRecording date: 27th October 2025Po Valley Energy, a $60 million Australian-listed natural gas producer operating in northern Italy's Po Valley basin, represents a compelling investment case built on immediate cash generation, visible production growth, and alignment with Europe's energy security priorities. With a single well currently producing and plans to drill multiple additional wells over the next two years, the company offers exposure to premium European gas pricing in a geopolitically strategic market.The company's sole producing asset, the Podere Maiar well in the Selva Malvezzi concession, has delivered consistent performance since commencing production in 2022, flowing 79,000-80,000 standard cubic meters per day and generating approximately $10,000 AUD in daily revenue. Operating at 60% free cash flow margins with minimal overhead costs of just $2 million AUD annually, Po Valley maintains a debt-free balance sheet with $15 million AUD cash on hand.Russia's invasion of Ukraine in February 2022 fundamentally transformed Po Valley's economics and strategic positioning. Gas prices, which historically traded at €0.20 per standard cubic meter, now rarely fall below €0.30 and frequently trade at €0.50 or higher. The Italian government, having reduced domestic production from 40% to just 8% while becoming dependent on Russian imports, is now actively encouraging producers to accelerate development and restore indigenous supply.Po Valley plans to drill 4-5 additional wells over the next two to three years, targeting known anticlines that ENI identified during exploration campaigns in the 1950s-1970s but did not fully develop. The company estimates this program will cost €35-40 million, of which its 63% operated interest represents approximately €22-25 million. With current cash reserves and ongoing production expected to fund 60%+ of requirements internally, Po Valley anticipates needing only modest debt financing or a small equity raising to complete the program. Once new wells are connected, production is expected to increase 3-4x to over 300,000 scm/day.Chairman and CEO Kevin Bailey, who owns 25% of the company through open market purchases, has emphasized Po Valley's focus on shareholder returns rather than empire building. Management intends to return capital via dividends or buybacks once the drilling campaign is complete, with no interest in acquisitions or expansion beyond core assets.Beyond its producing concession, Po Valley owns the offshore Teodorico asset containing approximately 37 billion cubic feet of 2P gas reserves, valued at $40-50 million AUD in 2022 - nearly equal to the company's current market capitalization. While not planning independent development, management will derisk this asset for potential sale to larger European operators.View Po Valley Energy's company profile: https://www.cruxinvestor.com/companies/po-valley-energy-limitedSign up for Crux Investor: https://cruxinvestor.com

Interview with Craig Jones, Managing Director & CEO of Perseus MiningOur previous interview: https://www.cruxinvestor.com/posts/perseus-mining-asxpru-record-financial-results-capital-returns-7829Recording date: 27th October 2025Perseus Mining has embarked on a new leadership chapter with Craig Jones assuming the managing director and CEO role, bringing 15 years of operational and capital project expertise from Newcrest Mining to guide the African-focused gold producer through an ambitious expansion phase.Jones outlined a strategy centered on operational continuity rather than radical change. The focus remains squarely on delivering Perseus's five-year growth plan, which encompasses three key pillars: maintaining performance across existing operations, ramping up the Nyanzaga project in Tanzania by March quarter 2027, and developing CMA Underground as the company's first underground mine.The September quarter results underscored the operational foundation supporting this growth agenda. Perseus produced just under 100,000 ounces at an all-in sustaining cost of $1,463 per ounce, generating $161 million in operating cash flow while maintaining an industry-leading safety record with a 6.0 total reportable injury frequency rate. The company ended the quarter with net cash and bullion of $837 million.This robust balance sheet positions Perseus to fund more than $800 million in planned capital expenditure over five years without requiring debt financing, while simultaneously supporting a $100 million share buyback program. "We can fund all of our aspirations through the cash that we have on the balance sheet," Jones stated.All three operating mines - Yaouré and Sissingué in Côte d'Ivoire, and Edikan in Ghana are transitioning to higher-grade ore sources that should lift production in coming quarters. Meanwhile, the Nyanzaga project is tracking on schedule and budget with over 1,000 workers on site, mill fabrication ahead of schedule, and promising exploration results suggesting a potential reserve update later this year.Jones emphasized Perseus's commitment to its African focus, noting that any acquisitions outside the region would require compelling strategic rationale. "You have to stick to your knitting," he explained, highlighting the company's expertise in building and operating mines across West Africa as its core competitive advantage in creating shareholder value.View Perseus Mining's company profile: https://www.cruxinvestor.com/companies/perseus-miningSign up for Crux Investor: https://cruxinvestor.com

Interview with Michael Gentile, InvestorRecording date: 6th October 2025Michael Gentile, a strategic investor with 25 years of institutional money management experience, is conducting a five-city European roadshow featuring six of his largest portfolio investments. The tour through London, Paris, Geneva, Zurich, and Frankfurt comes at a pivotal moment—gold prices are reaching new highs while institutional appetite for precious metals equities returns after years of dormancy.Gentile's investment approach centers on contrarian positioning in the junior mining sector. His gold thesis, established during the 2018 downturn, was built on concerns about unsustainable government debt levels, excessive spending, and questionable monetary policy. While these fundamental concerns have intensified over seven years, market recognition has lagged dramatically as investors remained captivated by extraordinary returns in technology and artificial intelligence sectors.The investor manages a portfolio of 25-30 junior mining companies, typically entering positions at $5-20 million market capitalizations. His philosophy emphasizes three critical elements: significant insider ownership to align management with shareholders, disciplined capital allocation that avoids excessive dilution, and strategic acquisitions during downturns rather than expensive drilling programs when capital is scarce.What makes the current environment particularly compelling is the fundamental shift in gold demand. Central banks have been the primary driver of gold prices since 2019, acting as price-agnostic buyers targeting specific allocation percentages. Now, institutional investors and family offices are beginning their first meaningful allocations to precious metals—a sector representing just 0.5% of global investor capital despite its growing monetary importance.Gentile notes that mining companies are already highly profitable at current gold prices, eliminating the need for further appreciation to justify equity valuations. Despite recent strength, the sector shows none of the typical exuberance that characterizes late-cycle peaks, suggesting the rally remains in its early innings with substantial room for growth.Sign up for Crux Investor: https://cruxinvestor.com

Jeremy Mazur is the Director of Infrastructure and Natural Resources for Texas 2036. He was on Hill Country Institute Live in 2023 (podcast for that interview is available in our podcast library). In today's interview, Larry and Jeremy discuss water policy for Texas, including water supply, aging infrastructure, and flood control.

Gold has entered unchartered territory. The safe-haven metal has soared more than 60 per cent year-to-date, crossing $4300 an ounce for the first time last week. Meanwhile copper - often seen as a global economic bellwether - is grabbing investor attention amid U.S. dollar concerns, rising policy and M&A activity. What might this all mean for investors navigating the global energy sector? And as AI transforms Canada's energy landscape, how is today's guest positioned? Joining this episode to dig into what's driving the move in global natural resources, is portfolio manager Joe Overdevest. Recorded on October 21, 2025. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Today we welcome on Fisheries Research Scientist at the Wisconsin Department of Natural Resources, Colin Dassow! We chat with Colin about three separate research projects he's been apart of recently, that take a critical look at the common characteristics of lakes with trophy bass potential, a shocking hook avoidance study, and the tendencies and co-mingling of pike and musky. Brought to you by: American Legacy Fishing & Outdoors www.americanlegacyfishing.com

Interview with Dan Barnholden, CEO of Luca Mining Corp.Our previous interview: https://www.cruxinvestor.com/posts/luca-mining-tsxvluca-high-grade-drilling-results-boost-mexican-mining-operations-7559Recording date: 22nd October 2025Luca Mining (TSXV:LUCA) is pursuing an ambitious transformation strategy designed to triple its market capitalization from $300 million to over $1 billion by scaling production to 200,000 ounces of gold equivalent annually. The company operates two underground mines in Mexico-Campo Morado, a polymetallic VMS deposit in Guerrero, and Tahuehueto, an epithermal gold-silver mine in Durango—both previously starved of capital for a decade.CEO Dan Barnholden, bringing two decades of investment banking experience, has spent his first year stabilizing operations and strengthening the balance sheet. With only $6 million in debt remaining, two-thirds retiring by year-end 2025 and complete elimination by June 2026 and $25 million in cash reserves, the company is pivoting decisively toward growth.The most compelling element of Luca's strategy centers on transforming Campo Morado from a zinc-focused operation into a significant gold producer. Currently recovering only 20-30% of gold content, the company has engaged Ausenco to develop metallurgical processes targeting 50-70% recovery rates. "At Campo Morado, if we can double the gold grades, if we can better than double the gold recoveries, now you're talking about a real gold mine," Barnholden explained.Simultaneously, drilling at the Reforma zone has delivered exceptional results, with intercepts of 30+ meters grading over 12 grams per ton gold equivalent. Management believes this represents a potential 8 million ton high-grade gold pod that could position Campo Morado as an 80-100,000 ounce annual producer.Tahuehueto offers a more straightforward expansion pathway, with mill capacity increasing from 1,000 to 1,500 tons per day targeting 40-50,000 ounces annually. The company has also engaged three investment banks pursuing strategic acquisitions in Mexico's consolidating mining sector, where five competitors were acquired over the past year.With operating cash flow funding exploration without dilution and debt elimination providing maximum financial flexibility, Luca Mining presents investors with a clear roadmap from mid-tier producer to potential billion-dollar enterprise.View Luca Mining's company profile: https://www.cruxinvestor.com/companies/luca-mining-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Sam Spring, President and CEO, Kincora CopperOur previous interview: https://www.cruxinvestor.com/posts/kincora-copper-tsxvkcc-project-generator-strategy-transforms-growth-path-6975Recording date: 20th September 2025Kincora Copper has successfully transformed from a traditional single-project explorer into a diversified project generator, backed by prominent resource investors Rick Rule and Jeff Phillips through a C$4 million financing with a 12-month hold period. Following a 10-for-1 share consolidation, the company now operates with only 43 million shares outstanding and less than 40% free float, creating one of the tighter capital structures in the junior mining space.The strategic pivot emerged after the company invested over A$11 million and drilled 24,000 meters at its flagship Trundle project without achieving the share price movement or technical breakthrough needed to justify continued sole-funded exploration. President and CEO Sam Spring recognized that the traditional exploration approach risked exhausting capital before reaching discovery scale. The solution: partner projects while retaining meaningful equity stakes of 20-30%.Since adopting the project generator model, Kincora has completed five deals unlocking approximately $100 million in partner funding commitments. The company has already deployed $6.5 million across 13,500 meters of drilling from Q4 2024 through Q2 2025, with seven different licenses scheduled for drilling over the coming year. Critically, Kincora operates two earning joint ventures and receives management fees, creating an income stream that approaches covering all corporate costs.AngloGold Ashanti has emerged as the most active partner, planning approximately 11,000 meters of drilling across three projects in the Macquarie Arc, home to Australia's second-largest porphyry mine at Northparkes and Evolution Mining's flagship Cowal operation. The company has retained its two most advanced projects—Trundle and Fairholme—seeking optimal partnerships that preserve long-term value rather than simply accessing near-term drilling capital.Additional opportunities include the Bronze Fox project in Mongolia, which offers near-term SX-EW copper production potential at current prices, and the Condobolin project in the consolidating Cobar Basin. Spring emphasizes the portfolio approach: "Any one disappointment isn't going to be a disaster to the share price, but any one big success will give you that multiple re-rating."Learn more: https://www.cruxinvestor.com/companies/kincora-copper-limitedSign up for Crux Investor: https://cruxinvestor.com

Recording date: 24th October 2025Derek McPherson (Executive Chair) and Sam Pelaez (President, CEO, and CIO) of Olive Resource Capital are viewing recent weakness in gold and mining equities as a buying opportunity rather than a trend reversal, despite gold correcting from $4,300 to $4,000 per ounce and leading equities declining 15-20% from recent highs.In their October 24th podcast recorded from Zurich, the duo characterized the pullback as normal seasonal volatility within an ongoing bull market. Sam noted that gold reached an RSI reading of 92—the highest ever recorded before the correction, suggesting the rally had extended beyond sustainable levels. Historical analysis shows mining equities commonly correct 33-66% within bull markets, making current pullbacks of 10-20% modest by comparison.The team has strategically positioned for this volatility, transitioning from net sellers in August-September to net buyers in October after raising approximately 10% cash. They plan to increase deployment through November-December, particularly targeting high-conviction names like K92 Mining and Bellevue Gold that have pulled back significantly.Derek and Sam identified the upcoming Q3 earnings season as a critical catalyst for renewed momentum. With the third quarter featuring the highest gold prices on record, producers should report exceptional results. Additionally, buyback programs, typically suspended during pre-earnings blackout periods are expected to reactivate around November 15, providing technical support.The duo emphasized that the fundamental investment thesis remains intact. The "monetary debasement trade" continues with government spending growing faster than economic output, exemplified by the Department of Homeland Security spending $181 million on private jets during a government shutdown. They also noted copper presents opportunities, with the commodity holding firm at $5 per pound while equities have weakened.With most gold equities trading within 10% of 52-week highs, tax-loss selling pressure should be minimal this year, potentially allowing momentum from Q3 earnings to carry through year-end and into what is historically the strongest seasonal period for commodities in Q1 2026.Sign up for Crux Investor: https://cruxinvestor.com

On this episode, John explores stories that range from the absurd to the existential — from a dog certified to serve alcohol to the possibility of an alien mothership passing through our solar system. Topics covered: The “Certified” Pug Phoebe – Robert Day, Managing Director at Cognisense, exposes major flaws in online training and safety certifications after a dog earns over 200 credentials, from bartending to forklift operation. Inside the Lives of Paramedics – Frontline responders share powerful first-hand stories of trauma, emotional toll, and the lack of recognition for paramedics' crucial work. Doug Ford, Trade Tensions & Economic Strategy – Lisa Raitt, former Deputy Leader of the Conservative Party of Canada, breaks down Canada's trade rift with the U.S., Mark Carney's leadership challenges, and what it means for our economic future. Canada's Critical Minerals Advantage – Heather Exner-Pirot, Director of Energy, Natural Resources and Environment at the Macdonald-Laurier Institute, explains how Canada can leverage potash, uranium, gold, and other minerals to build true economic sovereignty. Alien Ship or Cosmic Coincidence? – Dr. Avi Loeb, Theoretical Physicist and Professor of Science at Harvard University, discusses the mysterious interstellar object 31 Atlas, which may show signs of technological — not natural — origin. A mix of sharp analysis, candid conversation, and curiosity about what's real and what's next — only on The John Oakley Show. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Great Outdoors, Charlie Potter shares his concerns about the proposed Illinois Department of Natural Resources hunting regulations, which are under criticism. Plus, where are all of the fall colors?

Jacob and Eric sit down with Arkansas Game and Fish Commission Research Division Chief, Cory Gray and Assistant Professor and Extension Specialist, Dr. Marcelo Jorge to discuss the results of their 5-year project evaluating the effects of CWD in Arkansas. Check out the MSU Deer Lab's online seminar series (here) and select the Natural Resources option from the Categories drop-down menu. You will need to create an account to view the seminars. The seminars are free unless you are seeking professional educational credits. Also, be sure to visit our YouTube channel (here)

The election for two seats on Georgia's Public Service Commission, the board that regulates your utilities, is now more high profile than ever with national dollars coming in. Plus, a fired Georgia teacher is suing her district over her first amendment rights for what she posted about the killing of Charlie Kirk. And Georgia environmental activists are asking the state to permanently protect areas around the Okefenokee Swamp from mining. We'll have officials with the Georgia Department of Natural Resources explaining what they're considering to make more money from parks. Also, we look at how some local groups are trying to help victims of violent crime get compensated. See omnystudio.com/listener for privacy information.

In this episode of The Tudor Dixon Podcast, rock legend and outspoken conservationist Ted Nugent joins Tudor to expose what he calls the “runaway immorality and corruption” of Michigan’s Department of Natural Resources. Nugent argues that government overreach and misguided environmental policies are destroying the state’s proud hunting heritage and hurting conservation efforts. From the fight to save a blind baby deer to the state’s refusal to open hunting seasons for Sandhill cranes, bears, and wolves, Nugent and Tudor take aim at bureaucrats, bad science, and anti-hunting activism that’s putting wildlife — and freedom — at risk. They also discuss how Michigan could boost its economy through responsible game management and tourism, the dangers of government “weaponization,” and why hunters must show up at the ballot box to take back control of their state. The Tudor Dixon Podcast is part of the Clay Travis & Buck Sexton Podcast Network. For more visit TudorDixonPodcast.comSee omnystudio.com/listener for privacy information.

In this interview, Melissa and Clay interview husband and wife team Ed Pettys and Debbie Chang from their home in Paʻauilo mauka on Hawaiʻi Island about their work helping to connect people to Hawaiian landscapes beginning in the late 1960s. They talk about growing up in Hawaiʻi–Ed from Lihue, Kauaʻi and Debbie from Kohala, Hawaiʻi and meeting through their work in the Department of Land and Natural Resources. Debbie helped to spearhead the new Na ʻAla Hele trails and access program in the 1980s while Edʻs work took him across Micronesia–from Pohnpei to Kosrae, and eventually to Kauaʻi as Forestry and Wildlife District manager. Theirs is a collective understanding of the importance of teamwork and leadership especially in the wake of hurricane Iniki.

Water is the number one nutrient needed for animal health and is crucial for crop growth. In the state of Wisconsin, most agricultural operations are groundwater dependent. Adam Freihoefer, the Water Use Section Manager at the Department of Natural Resources, says it's crucial to be good stewards and understand your operation's need for water. He encourages people to treat water like any other commodity used on your property. For example, like electricity, you should monitor how much water you're using so you can budget accordingly. See omnystudio.com/listener for privacy information.

An ARPA grant from the Missouri Department of Natural Resources allowed the city to invest $5 million to restore the Blue River. Once a favorite for outdoor recreation in Kansas City, the river has become polluted as a result of urbanization.

Interview withKiran Patankar, President & CEO of Maple Gold MinesMatt Manson, President & CEO of Radisson Mining Resources Inc.Recording date: 16th October 2025Two junior mining companies are systematically advancing high-grade gold projects in Quebec's Abitibi greenstone belt, leveraging the region's extensive infrastructure while pursuing disciplined capital allocation strategies that prioritize technical de-risking over speculative development.Radisson Mining Resources focuses on the O'Brien Gold Project, a historical high-grade mine that operated until 1957 when economic constraints at $35-per-ounce gold forced closure at one-kilometer depth. CEO Matthew Manson now targets two kilometers as the economic floor, with approximately 1.5 million ounces of high-grade resources currently identified. The company has launched a 140,000-meter drill program, its largest ever, to systematically expand the resource base within the well-understood Piché formation geology adjacent to the Cadillac-Larder Lake break.Maple Gold Mines controls 481 square kilometers straddling the Cadillac Break, hosting over 3 million ounces including the historical Eagle mine that produced one million ounces at 6.5 grams per tonne between 1974 and 1993. Since 2021, CEO Kiran Patankar has restructured operations, reducing annual administrative costs from $6 million to $2 million while repositioning the company's joint venture with Agnico Eagle. The restructuring secured 100% project ownership while maintaining Agnico Eagle as a strategic equity partner.Both companies executed substantial institutional financings, with Radisson raising approximately $25 million through a fully institutional bought deal involving 22 institutions, and Maple securing investment at a 100% premium to previous rounds, including a $7 million lead order from a US mutual fund. These financings deliberately targeted long-term institutional investors rather than retail speculators, with Maple implementing 12-month lock-up agreements to ensure shareholder alignment.The Abitibi region provides critical infrastructure advantages that fundamentally alter project economics. Highway access, grid power at 4 cents per kilowatt-hour, proximity to multiple operating mills with existing permitted capacity, and an established mining workforce reduce capital requirements and enable toll milling opportunities. Both CEOs reject small-scale, bootstrapped development approaches in favor of right-sizing projects based on optimal economics.Strategic investor Michael Gentile plays a central role in both companies, providing capital, board expertise, and validation through thorough diligence-based investment decisions. His involvement signals quality to sophisticated investors and provides network access to institutional capital sources.With discovery costs around $30-40 per ounce against current company valuations near $150 per ounce, both management teams emphasize that successful systematic exploration creates immediate shareholder value accretion while positioning assets for potential acquisition by producers seeking to extend existing mill operations.Sign up for Crux Investor: https://cruxinvestor.com

If you learn to listen for wildlife, you'll start finding it everywhere. Learning a bird's song or an insect's call means you can sense them even when they are out of sight or pick out their call from a chaotic audio background that the brain normally filters out. There are side benefits too; sometimes an animal's call is the only way to identify it, and it's often the easiest way to share nature with friends. Learn more about wildlife sounds from Voice of the Wild's Brodie Dunn.Check out Brodie's Voice of the Wild PodcastSee the Everyday Environment Periodical Cicadas episodeCommunity Science Resources: iNaturalistCalling Frog SurveyFrog WatchBreeding Bird Survey (INHS)Identification Resources: Merlin Bird IDVoice of the WildiNaturalistGuide to Night Singing Insects of the Northeast by John Himmelman and Michael DiGiorgioBirding by Ear East and Centrl by Richard K Walton and Rober LawsonMore Birding by Ear by Richard K Walton and Rober LawsonField Guide to Bird Songs Eastern and Central North America by Cornell LabSongsofinsects.comBirdsong ear training guide : Who Cooks for Poor Sam Peabody?McAuley LibraryCornell's All About BirdsSounds heard throughout the episode: Common raccoon sound by iNaturalist user Aleksandr BerdnikovWood duck chick sound by iNaturalist user DanasassoAmerican toad sound by USGS Eastern Gray Squirrel sound by iNaturalist user k2018lenaCommon nighthawk sound by iNaturalist user Ben JohnsonLyric cicada sound by iNaturalist user Gabriel DiggsWalker's cicada sound by iNaturalist user Brian WulkerDickcissel south by iNaturalist user Christopher HenselChimney swift sound by iNaturalist user Chris HarrisonLeast flycatcher sound by iNaturalist user Ty SmithGray catbird sound by iNaturalist user Megan HansonEastern chipmunk sound by iNaturalist user Christopher HenselBrown thrasher sound by iNaturalist user Christopher HenselIndigo bunting sound by iNaturalist user Christopher HenselBrown thrahser sound by iNaturalist user Christopher HenselNorthern mockingbird sound by iNaturalist user Christopher HenselBlue jay sound by iNaturalist user Christopher HenselHouse finch sound by iNaturalist user Christopher HenselRed-eyed vireo sound by iNaturalist user Christopher HenselShare your own Everyday ObservationWas there something about this topic we didn't cover? See something cool in nature? Let us know! Send us your question or share your everyday nature observation with us at go.illinois.edu/EEconnect, and we may share it in a future blog or podcast.Questions? We'd love to hear from you!Abigail Garofalo aeg9@illinois.edu, Erin Garrett emedvecz@illinois.edu, Amy Lefringhouse heberlei@illinois.edu Subscribe to our NewsletterCheck out our BlogSee the Everyday Environment Archives

John Wolfe joins archivist Becky Butler Gallegos to discuss the papers of his mother, Helen D. Nienhueser. Nienhueser was a Department of Natural Resources land use planner, advocate for trails and political issues, and author of "55 Ways to the Wilderness of Southcentral Alaska." Nienhueser's papers are available to the public at the UAA/APU Consortium Library Archives and Special Collections. You can view her collection description and get the link to her digitized photographs here: https://archives.consortiumlibrary.org/collections/specialcollections/hmc-1476/

Interview with Ravi Sood, Chairman & CEO of Golconda GoldOur previous interview: https://www.cruxinvestor.com/posts/golconda-gold-tsxvgg-aiming-to-deliver-a-step-change-in-production-4824Recording date: 20th October 2025Golconda Gold has established itself as a disciplined precious metals producer, emerging from a decade-long bear market to operate two permitted gold mines with strong growth prospects. The flagship Galaxy Gold Mine in South Africa, currently producing just over 10,000 ounces in 2025, is set for a production ramp up to more than 40,000 ounces annually by 2028. This expansion leverages the existing infrastructure, specifically a 50,000-ton-per-month mill running at only 30-40% utilization, which supports fourfold output growth without major new investment. The company is preparing to bring its second asset, the Summit Gold Mine in New Mexico, into production in mid-2026, targeting a steady-state 12,000 gold equivalent ounces a year. Both assets were acquired at nominal cost through distressed situations, allowing Golconda to bypass the heavy development and permitting risks that typically challenge junior miners.A defining feature of Golconda's model is its commitment to self-funded growth, with all expansion financed from internal cash flows and no reliance on equity dilution or additional debt. This approach, underpinned by more than 40% insider ownership, has driven management to prioritize survival through cost control and strict preservation of the share count—an approach that preserved capital structure during market lows and now positions the firm to maximize returns as gold prices surge. By the end of 2025, Golconda expects to be debt-free and operating with positive cash flow, having already repaid all creditors and a key offtake credit line.Management describes Galaxy's current approach as "harvest mode," prioritizing cash generation and risk-adjusted returns, particularly in light of the mine's 74% ownership structure due to local regulations. The clear capital discipline is also evident at Summit, where contract mining has been chosen to ensure operational effectiveness in a remote environment, despite higher reported costs. Looking ahead, Golconda's financial flexibility enables future capital distribution—potentially through buybacks, dividends, or further opportunistic acquisitions. For investors, Golconda offers a unique value proposition: a resilient, undiluted growth platform with long-life assets, prudent management, and the upside of flexible capital allocation in a favorable gold price environment.View Golconda Gold's company profile: https://www.cruxinvestor.com/companies/golconda-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Philippe Cloutier, President & CEO of Cartier Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/cartier-resources-tsxvecr-cartier-launches-massive-gold-exploration-7820Recording date: 21st October 2025Cartier Resources (TSXV:ECR) represents a compelling gold exploration opportunity centered on demonstrating mining camp-scale potential along Quebec's renowned Cadillac Fault in the Abitibi region—one of the world's most productive gold districts with over a century of mining history and hundreds of millions of ounces produced. The company has consolidated approximately 15 kilometers of strategic land position between multiple historic mining camps and adjacent to Agnico Eagle's producing operations, positioning itself to become what management characterizes as "the next mining camp along the Cadillac fault."The investment thesis centers on an exceptionally aggressive exploration program that fundamentally differentiates Cartier from typical junior explorers. The company has committed to a 100,000-meter, 600-hole diamond drilling program—representing an order of magnitude increase over the 5,000-10,000 meters that typical juniors drill annually. This intensive approach directly addresses the prolonged timelines that often frustrate junior resource investors by front-loading discovery work and compressing value recognition timelines. Strategic partner Agnico Eagle explicitly endorsed this aggressive strategy, with management noting Agnico's directive to "demonstrate that there's a mining camp there, not one mine, but a cluster of maybe three or four mines" with potential for 10-15 million ounces rather than the 3 million ounces typical of single-mine scenarios.Cartier's operational efficiency provides embedded value often overlooked in exploration-stage analysis. The company secured $12 million in full program funding while simultaneously locking in drilling costs at $110 per meter for two years—substantially below typical market rates of $150-200 per meter and representing 25-35% cost advantages. This pricing reflects fortuitous timing in contracting and the project's proximity to Val-d'Or mining infrastructure, effectively providing 15-20% more drilling capacity for the same capital outlay. Over a 100,000-meter program, these savings compound meaningfully while eliminating near-term dilution concerns.Recent exploration results validate the geological model, with the company's third press release since August program commencement demonstrating systematic expansion of mineralization. Drill intercepts include 11 g/t over 9 meters and ounce-per-ton material over metric widths in stacked vein systems with true widths extending approximately 50 meters. The mineralization occurs at surface in multiple parallel structures, suggesting both high-grade vein mining potential and bulk tonnage scenarios—a combination characteristic of the region's most successful operations.Management has structured a comprehensive five-pronged development program simultaneously advancing drilling, metallurgical testing, environmental baseline studies for permitting, resource estimate updates, and preliminary economic assessments. This parallel execution compresses typical sequential development timelines while generating bi-weekly news flow expected to continue for 18 months. The metallurgical work specifically targets toll milling opportunities at existing regional mills, a strategy that could reduce development capital requirements by 50-75% compared to standalone mill construction.The project benefits from exceptional infrastructure access, sitting within 30 minutes of Val-d'Or with its established workforce, service providers, power, and multiple processing facilities. The historic Chimo Gold Mine, encompassed within Cartier's land package, achieved 93% recovery rates and operated until 1997 when it closed not from resource exhaustion but from gold prices collapsing to $275 per ounce. With gold now exceeding $2,700 per ounce—nearly 10x higher—combined with superior mining technology and metallurgical methods, the same geological setting offers dramatically enhanced economic potential.CEO Philippe Cloutier articulates a clear timeline for value recognition, stating the program is almost 7 months pregnant with the company targeting a different level by the end of 2025, early 2026. For investors seeking exposure to gold discovery upside in a premier mining jurisdiction, backed by strategic producer validation and managed by a team demonstrating capital discipline and commercial focus, Cartier Resources presents a compelling risk-reward proposition with multiple near-term catalysts and substantial revaluation potential should management successfully demonstrate camp-scale mineralization.View Cartier Resources' company profile: https://www.cruxinvestor.com/companies/cartier-resources-incSign up for Crux Investor: https://cruxinvestor.com

In this episode of The Poultry Nutrition Blackbelt Podcast, Dr. Martin Gierus from the University of Natural Resources and Life Sciences (BOKU) discusses the challenges and opportunities of using insect meal as an alternative protein source in poultry nutrition. He explores digestibility, nutrient variability, and environmental impact compared to traditional feed ingredients. Learn what makes insect-based feed promising for sustainable poultry production. Listen now on all major platforms!"The biggest advantage of insect meal is local production, which allows nutrient cycles to close and waste to be reduced efficiently."Meet the guest: Dr. Martin Gierus is a full professor of Animal Nutrition and Head of the Institute of Animal Nutrition at BOKU University, Vienna. He holds a BSc, MSc, and PhD in Animal Nutrition, with over 30 years of research experience. His expertise spans nutrient flows, feed processing, and sustainable protein sources for poultry.Liked this one? Don't stop now — Here's what we think you'll love!What you'll learn:(00:00) Highlight(01:10) Introduction(02:14) Insect meal potential(05:14) Comparison with soybean meal(07:23) Insect species overview(09:40) Environmental feed impact(10:43) Future of insect meal(11:55) Closing thoughtsThe Poultry Nutrition Blackbelt Podcast is trusted and supported by innovative companies like:- Poultry Science Association- Barentz- Kemin- Anitox- BASF

Interview with Nicholas Bridgen, CEO of Ferro-Alloy Resources Ltd.Our previous interview: https://www.cruxinvestor.com/posts/ferro-alloy-resources-lsefar-low-cost-vanadium-play-preps-feasibility-study-for-june-2025-6715Recording date: 15th October 2025Ferro Alloy Resources has released feasibility study results for its Kazakhstan vanadium project, revealing exceptional economics that position the company among the lowest-cost producers globally. Phase 1 development demonstrates a net present value of $749 million with a 22% internal rate of return, while production costs of just $0.36 per pound after byproduct credits place the project in the bottom decile of global vanadium operations.Chief Executive Nicholas Bridgen attributes these compelling economics to two fundamental advantages. The company's sedimentary ore deposit differs markedly from the magnetite sources that supply 95% of global vanadium production, requiring no concentration or roasting processes. This geological advantage translates directly into lower processing costs and reduced environmental impact. Additionally, the deposit contains 8.5% carbon content that can be processed into carbon black substitute, a valuable byproduct for tire manufacturing commanding prices around $500 per ton.The project's strategic positioning extends beyond pure economics. With vanadium designated as a critical metal across Western countries, Ferro Alloy Resources benefits from multiple financing pathways as governments seek to diversify supply chains away from Chinese dominance. The carbon black substitute product carries approximately one-tenth the embedded emissions of conventional production, potentially adding $100-200 per ton in value as carbon tariffs expand globally.Phase 1 targets 8,500 tons of vanadium pentoxide annually, with Phase 2 conceptually three times larger. Seven ore bodies have been identified across the project area, though only the first has been fully incorporated into current planning. Existing infrastructure including power lines, road access to international rail connections, and favorable open-pit mining conditions reduce both capital requirements and execution risk.The company now advances toward front-end engineering design, evaluating both Western financing aligned with critical minerals strategies and competitive Chinese contractors for cost-efficient development. With a 15,000 ton-per-year pilot plant already demonstrating superior recovery rates compared to laboratory testing, Ferro Alloy Resources presents investors with a de-risked pathway into vanadium production at a strategically significant moment for global supply chains.View Ferro-Alloy Resources' company profile: https://www.cruxinvestor.com/companies/ferro-alloy-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Gan-Ochir Zunduisuren, Managing Director of Asian Battery Metals PLCRecording date: 15th October 2025Asian Battery Metals (ASX:AZ9) is emerging as a focused critical minerals developer in Mongolia, strategically positioned at the doorstep of Asian consumption markets. Led by Managing Director Gan-Ochir Zunduisuren, a mining engineer with 22 years of experience including a board position at Rio Tinto's Oyu Tolgoi copper operation, the company is advancing a portfolio of copper, nickel, and gold projects in southwestern Mongolia's prospective Central Asian orogenic belt.The company's flagship Oval copper-nickel project has delivered significant validation through selection for BHP's prestigious Xplor accelerator program in 2023. As one of only seven companies chosen globally from 250 applicants - and the sole Asian representative - Asian Battery Metals received $500,000 USD to prove the concept of a magmatic mafic intrusion-related copper-nickel sulfide system. This third-party technical endorsement has been reinforced by encouraging metallurgical results, with initial test work achieving 89-95% copper recovery and concentrate grades of 18.5-24%, meeting industry benchmarks for economic viability.With approximately A$30 million in market capitalization and A$7-8 million deployed across exploration programs, the company has established 800 meters of continuous mineralization at Oval, with widths ranging from 50 to 80 meters. Recent drilling has extended mineralization to 290 meters depth, suggesting potential for deeper extensions along feeder conduit structures. The company is also advancing regional targets including MS1, located six kilometers south of Oval with geophysical signatures potentially larger than the main discovery, supporting a hub-and-spoke development model where multiple deposits could share centralized processing infrastructure.Complementing the copper-nickel focus, Asian Battery Metals is completing due diligence on the Maikhan Uul VMS copper-gold system, located just eight kilometers from Oval. Recent drilling confirmed more than 20 meters of massive sulphide mineralization with historic grades of approximately 1.7% copper and 1 gram per tonne gold, plus a high-grade shallow gold zone grading over 15 g/t. The company expects to complete this acquisition within four months, adding diversification and supporting the multi-deposit cluster strategy that Managing Director Gan-Ochir described as essential to achieving the company's goal of "more than 20 million tons of economic resources or potentially producing 50,000 tons of metals."Mongolia's maturation as a mining jurisdiction provides crucial support for development pathways. Over the past 15 years, the country has opened 20-30 new mines, improved infrastructure substantially, and developed multiple financing options including international financial institutions, domestic banks, and Chinese offtake arrangements. This evolution, combined with proximity to Asian markets and an established contractor mining sector, positions Asian Battery Metals to advance its projects efficiently in a jurisdiction that has demonstrated it can support world-class operations like Rio Tinto's Oyu Tolgoi copper mine.View Asian Battery Metals' company profile: https://www.cruxinvestor.com/companies/asian-battery-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Chad Peters, President & CEO of Ridgeline Minerals and Chris Frostad, President & CEO of Purepoint UraniumRecording date: 8th October 2025Ridgeline Minerals and Purepoint Uranium represent a fundamental departure from the traditional junior mining exploration model that has historically destroyed shareholder value through relentless dilution. Both companies have structured strategic partnerships with major mining companies, including Nevada Gold Mines, South32, Cameco, and Orano, that provide 100% non-dilutive funding for exploration programs while the juniors retain fully carried interests of 20-25% through to commercial production. This structure addresses the central problem facing exploration investors: companies repeatedly returning to capital markets at disadvantageous valuations to fund high-risk drill programs.The financial metrics are compelling. Ridgeline's partners are deploying approximately $9.5 million USD in 2025 across joint venture projects, while Purepoint's partners are spending roughly $8 million - both figures representing 30-40% of their respective market capitalizations of approximately $25 million. Critically, this capital is deployed without issuing a single new share to existing investors. Additionally, both companies collect management fees of 10-15% (including chargeable expenses) on partner-funded programs, generating sufficient revenue to cover corporate overhead and achieve cash flow positive operations - a rare achievement in junior exploration that reduces dependence on equity markets during bear market periods.The investment thesis centers on asymmetric risk-reward. Downside is protected by sustainable cash flow models, major partner validation of project quality, and diversified project portfolios that spread exploration risk across multiple targets in tier-one jurisdictions (Nevada's Cortez Trend for gold, Saskatchewan's Athabasca Basin for uranium). Upside leverage remains substantial: any significant discovery would trigger material share price appreciation as partners cannot dilute their positions further, while comparable single-asset explorers trade at valuations that would justify either company's current market cap for just one project.Near-term catalysts include ongoing drill programs at Ridgeline's Swift (gold) and Selena (base metals) projects, and Purepoint's Dorado uranium project where initial results have intersected up to 8% uranium. Results flowing through late 2025 and early 2026 provide multiple opportunities for value inflection as these companies demonstrate that intelligent capital allocation can transform exploration from a value-destruction exercise into a genuine wealth-creation opportunity for patient investors.—Learn more: https://cruxinvestor.com/companies/ridgeline-mineralshttps://www.cruxinvestor.com/companies/purepoint-uranium-group-incSign up for Crux Investor: https://cruxinvestor.com

Interview with Joe Ovsenek, CEO of Tudor Gold Our previous interview: https://www.cruxinvestor.com/posts/tudor-gold-tud-higher-grade-results-show-improved-understanding-2585Recording date: 16th October 2025Tudor Gold is advancing its Treaty Creek project in British Columbia's Golden Triangle from exploration into mine development under new leadership with proven experience building the nearby Brucejack Mine. The company controls a 21.66 million ounce gold resource grading 0.92 g/t and is implementing a selective underground mining strategy rather than pursuing bulk tonnage approaches.President and CEO Joe Ovsenek leads a management team that joined in May 2025, bringing direct regional expertise and established relationships with local stakeholders. The team is refining the geological model from 10m blocks to 5m blocks, increasing resolution eightfold to better identify high-grade zones averaging 2-3 g/t gold. This technical work targets 50 to 100 million tons within this higher-grade range, which would support an 8,000 to 10,000 ton per day underground longhole stope operation producing 250,000 to 300,000 ounces annually over a minimum 10-year mine life.The underground approach reflects operational realities in the Golden Triangle, where approximately 22 meters of annual snowfall creates significant challenges for surface mining. Underground operations avoid these constraints while requiring less capital than large-scale block cave alternatives and enabling faster permitting and construction timelines.Tudor Gold recently acquired American Creek Resources, increasing its ownership in Treaty Creek from 60% to 80%. This strategic move reduces carried interest burdens that previously constrained exploration activities and improves project economics. The remaining 20% is held by Teuton Resources, which has announced plans to simplify its corporate structure, potentially facilitating future consolidation discussions.The company faces a near-term challenge resolving a land access dispute with neighboring Seabridge Gold, whose KSM project development plans include twin 22-kilometer tunnels that would intersect Tudor's Gold Storm deposit under the currently proposed route. Management has proposed shifting the route approximately one kilometer north through similar geology and expects to reach negotiated resolution within months through discussions with Seabridge, regulatory authorities, and provincial officials.An updated mineral resource estimate is scheduled for November 2025, incorporating 175,000 meters of drilling and the refined block modeling. Underground portal permits are targeted for May 2026 approval, with development serving dual purposes of providing bulk samples while establishing drill stations for efficient infill drilling of high-grade zones and the SC1 structural corridor.View Tudor Gold's company profile: https://www.cruxinvestor.com/companies/tudor-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Sean Wade, CEO of Power Metal Resources PLC & Marcel Nally, Founder of MinestartersOur previous interview: https://www.cruxinvestor.com/posts/power-metal-resources-aimpow-advancing-a-pipeline-of-high-potential-exploration-projects-6311Recording date: 15th October 2025Power Metal Resources is investing £3 million to become the cornerstone investor in Minestarters, a blockchain-based platform designed to address critical funding shortages in early-stage mining exploration. The AIM-listed mining exploration incubator will acquire 49% of Minestarters, gaining access to significantly larger capital pools through tokenisation while maintaining visibility of investment value through tradable digital assets.CEO Sean Wade describes the funding environment for early-stage mining over the past two to three years as "a desert" where even "fantastic prospects" that "would have flown off the shelves during COVID" have struggled to raise adequate capital. This capital scarcity prevents companies from investing sufficient sums to properly develop resources, with projects requiring significant drilling programs finding markets closed or capital available only at prohibitive costs.Minestarters addresses this gap by issuing 120 million tokens backed by real-world mining assets. The platform will deploy 70 million tokens to the public in tranches, with the first 20 million released at $0.10 per token. All proceeds flow into a treasury used exclusively to fund selected mineral exploration projects through a rigorous investment committee that expects to reject 90-95% of applicants.A key innovation involves smart contracts that automate milestone-based funding, releasing capital only as projects achieve predetermined objectives. This approach reduces capital leakage and human error compared to traditional mining finance, where project managers might request additional funds mid-programme without clear accountability frameworks.Wade emphasises the partnership creates immediately visible value contrasting with conventional exploration investments: "I could tomorrow spend £3 million on an asset in Canada. Nothing's going on my balance sheet that's visible to a shareholder for three years plus." The tradable tokens provide 24/7 price transparency, enabling investors to track Power Metal's Minestarters holdings in real-time while the company leverages its proven IPO expertise to provide exit pathways for funded projects.View Power Metal Resources' company profile: https://www.cruxinvestor.com/companies/power-metal-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Blake Hylands, CEO of Lithium Ionic Corp.Our previous interview: https://www.cruxinvestor.com/posts/opportunity-in-volatility-lithium-projects-poised-for-rebound-5610Recording date: 15th October 2025Lithium Ionic has significantly strengthened the economics of its Bandeira lithium project in Brazil, delivering a rare improvement in feasibility study updates. The company's latest Definitive Feasibility Study reveals exceptional metrics: a post-tax internal rate of return exceeding 60%, net present value of $1.5 billion, and a two-year payback period over a 19-year mine life. Most notably, capital costs decreased by $70 million to $190 million, positioning Bandeira among the lowest-cost lithium developments globally.The capital reduction resulted from strategic partnerships and engineering optimization rather than project compromise. Lithium Ionic partnered with R-TEK Resources, the engineering team that successfully constructed the adjacent Sigma Lithium operation, bringing proven DMS plant design expertise. This collaboration enabled equipment standardization, simplified mine sequencing, and refined facility design while maintaining project robustness.Located in Minas Gerais' Araçuaí pegmatite belt, the Bandeira project benefits from exceptional geological validation. The deposit sits just 500 meters from the CBL operation, which has produced lithium for 30 years, with near-identical structural and geochemical characteristics. Through targeted drilling completed in late 2024, Lithium Ionic expanded measured and indicated resources from 21 million to 27.5 million tons, converting 21 million tons to proven and probable reserves at a 77% rate.The project's lowest-quartile cost profile provides resilience against lithium's recent price volatility, which has seen spodumene swing from $8,000 to $650 per ton. Management targets early 2026 for permit approval and end-of-2027 production, timing that could coincide with tightening supply-demand dynamics as sustained low prices curtail new supply development.With sub-$200 million capital requirements generating $1.5 billion in value, conservative operating assumptions, and a proven development team, Lithium Ionic presents a compelling proposition for project financing as battery demand continues expanding across electric vehicles, grid storage, and AI infrastructure applications.Learn more: https://www.cruxinvestor.com/companies/lithium-ionic-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Brett Marsh, President & CEO of Spartan MetalsRecording date: 16th October 2025Spartan Metals Corp has emerged as a focused player in the critical minerals sector with its Eagle project in Nevada, a past-producing district that encompasses two historic tungsten mines and a high-grade copper-silver operation. The company's strategic approach centers on reviving domestic tungsten production at a time when the United States faces near-total import dependence for this defense-critical metal.CEO Brett Marsh, bringing 25 years of geology experience across major mining companies and junior explorers, has deliberately structured Spartan around tungsten development despite the presence of valuable polymetallic mineralization on the property. The company's stock symbol 'W' reflects this unwavering focus on what Marsh describes as the cornerstone commodity driving the venture.The Tungstonia deposit presents compelling characteristics for modern exploration. Historic mining during World War II and earlier periods produced grades between 0.6% and 0.9% tungsten trioxide, with operations extending only to approximately 75 meters depth. Recent work reveals that veins mined over 700 meters of strike length actually extend to nearly 2 kilometers, suggesting substantial depth potential that previous operators never tested.An immediate catalyst exists in the form of 10,000 tons of historic tailings grading 0.15% tungsten trioxide. Drilling commenced October 20th to establish tonnage, grade distribution, and metallurgical characteristics, with Marsh indicating the company will likely partner with entities possessing downstream processing capability for monetization rather than developing standalone infrastructure.Spartan's recent $2.25 million financing fully funds a comprehensive Phase 1 exploration program including surface mapping, soil geochemistry, geophysical surveys, and 3D geological modeling ahead of maiden drilling tentatively scheduled for early spring 2026. The company's systematic approach to validating century-old data through modern exploration techniques has attracted attention from both investors and government entities interested in reshoring strategic mineral supply chains. With tungsten classified as critical by the U.S. government and China controlling approximately 80% of global supply, Spartan's timing aligns with heightened policy support for domestic production alternatives.Sign up for Crux Investor: https://cruxinvestor.com

Recently, the Montana Department of Natural Resources and Conservation and the Federal Emergency Management Agency published updated floodplain maps for Rock Creek and the Clark Fork and Bitterroot Rivers.Missoula County Floodplain Administrator Matt Heimel joined the commissioners this week to discuss what homeowners need to know and the next steps in the adoption and regulation process. The preliminary maps will be presented to the Missoula County commissioners during their public meeting on Thursday, Nov. 6. See the agenda at missoula.co/bccmeetings.Learn more at https://missoulacountyvoice.com/clark-fork-river-bitterroot-river-and-rock-creek-floodplain-mapping-updateText us your thoughts and comments on this episode! Thank you to Missoula's Community Media Resource for podcast recording support!

Interview with Keith Boyle, CEO of New Found Gold and Victor Cantore, President & CEO of Amex Exploration Inc.Recording date: 16th October 2025New Found Gold and Amex Exploration represent a new generation of Canadian gold developers taking a pragmatic path from exploration to production, leveraging high-grade resources and phased build strategies to minimize dilution and accelerate cash flow.New Found Gold CEO Keith Boyle outlines how the acquisition of Maritime Resources positions the company to become a near-term producer at its Queensway Project in Newfoundland. The addition of a toll milling option significantly reduces capex and execution risk, allowing production to begin as early as this year. Boyle emphasizes a disciplined focus on free cash flow over headline NPVs, noting that the “recipe” for success lies in simplicity—high-grade veins, modest throughput, and strong jurisdictional advantage. New Found's 110-kilometre-long land package offers large-scale exploration upside, but the near-term focus remains on monetizing high-grade ounces to self-fund further growth.Amex Exploration CEO Victor Cantore echoes similar themes from Quebec, where the company plans to transition its Perron Project into production through toll milling before constructing its own 2,000 tpd facility. With 2.3 Moz grading 6.14 g/t, including 831 koz at 16.2 g/t in the Champagne Zone, Cantore highlights the project's exceptional grades, manageable $146M capex, and robust margins at current gold prices. At an AISC of just C$1,165/oz, Amex expects significant free cash flow potential even at conservative gold assumptions.Both CEOs emphasize maintaining exploration momentum alongside staged production, funding drilling through early cash flow rather than equity dilution. Boyle and Cantore view this as a shift from the traditional “drill and dilute” model toward a “build and cash flow” strategy, underpinned by high-grade, low-tonnage deposits in tier-one jurisdictions. With gold prices above US$4,000/oz, both companies see 2026–2027 as pivotal years for generating meaningful cash flow and establishing a new generation of profitable Canadian gold producers.—Learn more: https://cruxinvestor.com/companies/new-found-goldhttps://cruxinvestor.com/companies/amex-explorationSign up for Crux Investor: https://cruxinvestor.com

Recording date: 14th October 2025Derek Macpherson, Executive Chairman of Olive Resource Capital, and CEO Sam Pelaez presented their outlook on the evolving commodity markets during their October 14, 2025 Compass podcast. Their analysis highlights a transition from precious metals dominance toward broader industrial commodity opportunities driven by monetary policy and structural supply constraints.Gold continues trading at $4,100 with silver exceeding $50 per ounce despite recent Middle East peace developments. Pelaez emphasized that global liquidity has reached all-time highs, surpassing pandemic levels, and maintains the highest correlation with gold performance. This monetary backdrop combines with central banks actively reducing US dollar exposure, creating sustained precious metals support independent of geopolitical developments.The hosts identified emerging opportunities in industrial metals based on cyclical patterns. US manufacturing contracted for 33 of the last 36 months, creating conditions similar to previous troughs. Federal Reserve rate cuts combined with Chinese monetary easing now target manufacturing activity directly. Pelaez questioned whether markets are entering "the early innings of an industrial recovery for the metals."Copper emerged as particularly attractive given supply constraints at four of the world's top ten assets including Cobre Panama, Kamoa-Kakula, Grasberg, and QB2. Macpherson noted these production challenges create tight supply conditions that would respond dramatically to manufacturing demand recovery.Government intervention in critical minerals represents another strategic focus. The US Department of Defense committed $1 billion to stockpiling programs, creating price floors that protect domestic producers from Chinese market manipulation. Pelaez highlighted CoTec's exclusive US licensing for magnet recycling technology as exemplifying opportunities in processing rather than traditional mining, avoiding extraction complexities while benefiting from government support.The firm views the current environment as following historical bull market progression from gold through silver and platinum group metals toward base and industrial commodities. Macpherson advised following government capital flows given their superior balance sheets and extended investment horizons. Olive Resource Capital continues positioning for subsequent market phases while maintaining focus on alpha generation in less liquid segments where fundamental analysis drives outperformance.Sign up for Crux Investor: https://cruxinvestor.com/categories/commodities/goldhttps://cruxinvestor.com/categories/commodities/silverhttps://cruxinvestor.com/categories/commodities/copper

In this episode, Sean Rost talks with Tasha Gabel, senior naturalist for the Missouri Department of Natural Resources, about Onondaga Cave State Park. Episode Image: Two teenage girls look at cave formations in Onondaga Cave, 1959 [Missouri Ruralist Photographs (P0030), SHSMO] Banner Image: Interior view of Onondaga Cave, ca. 1945 [Mr. and Mrs. Walter Williams Photograph Collection (P0535), SHSMO] About the Guest: Tasha Gabel is a senior naturalist for the Missouri Department of Natural Resources at Onondaga Cave State Park. She earned a bachelor's degree in wildlife conservation and management from Missouri State University.

Talking archery and firearm deer hunting seasons with Dan Skinner from the Illinois Department of Natural Resources.Jason McVicker provides a Pioneer agronomy segment. Joe Camp previews a new market week.   

We're back with Part 2 of discussing cool-season food plots. Hosts Jacob and Eric catch up with MSU Deer Lab graduate student Luke Resop to talk about seed mixes and weed management. Check out the MSU Deer Lab's online seminar series (here) and select the Natural Resources option from the Categories drop-down menu. You will need to create an account to view the seminars. The seminars are free unless you are seeking professional educational credits. Also, be sure to visit our YouTube channel (here)

Interview with Alan Carter, President & CEO of Cabral Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-2500oz-margins-position-brazil-project-for-exceptional-near-term-returns-8097Recording date: 16th October 2025Cabral Gold has positioned itself for a transition from explorer to producer following the recent US$45 million gold loan financing that fully funds construction of its Brazilian heap leach operation without diluting shareholders, a rare achievement in the junior mining sector. With first gold pour scheduled for Q4 2026, investors have clear visibility to cash flow generation within 12 months.The project's financial profile stands out in today's gold price environment. At US$2,500/oz gold, the operation generates a 78% IRR with just US$37.7 million in capital requirements and a 10-month payback period. All-in sustaining costs of US$1,210/oz create margins exceeding US$3,000/oz at current gold prices, translating to approximately US$75 million in annual pre-tax cash flow. This positions Cabral among the highest-margin gold developers globally, with sufficient cash generation to self-fund aggressive exploration while maintaining financial flexibility.The value proposition extends beyond near-term production. Located adjacent to Brazil's third-largest gold mine, Cuiú Cuiú produced 10 times more historical placer gold than its neighbor, suggesting substantially greater hard rock potential. With current resources of 1.2 million ounces and recent drill intercepts up to 33 g/t gold outside resource boundaries, the company has identified over 50 exploration targets across the district. Management's track record, including CEO Alan Carter's involvement in discovering the neighboring G Mining's Tocantinzinho deposit, provides operational credibility. The combination of near-term cash flow, substantial margins, exploration upside, and experienced management in a proven jurisdiction creates multiple pathways to potential value creation. For investors seeking exposure to emerging gold producers with growth optionality, Cabral presents a differentiated opportunity with both production visibility and district-scale exploration potential in one of Brazil's most established gold regions.—Learn more: https://cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Glenn Mullan, President & CEO of Val-d'Or Mining CorporationOur previous interview: https://www.cruxinvestor.com/posts/val-dor-mining-vzz-new-royalty-story-emulating-recent-success-1729Recording date: 10th October 2025Val-d'Or Mining Corporation employs a prospect generation model centered on staking mineral properties 100%, conducting minimal initial exploration with an annual budget of only $300,000, then partnering with larger mining companies to fund drilling and development work. This approach reduces the need for capital-intensive exploration and limits shareholder dilution typical in junior miners. Their current major partnership with Eldorado Gold involves $36.5 million committed exploration spending across 12 properties in Quebec and Ontario. Val-d'Or earns revenues from this partnership via 10% management fees on Ontario properties they operate, option payments totaling about $200,000 per year, advance royalty payments, and leasing income from their office building.Val-d'Or owns over 50 properties in tier-one mining jurisdictions within Quebec and Ontario, focusing on geological regions like the Abitibi greenstone belt. Their strategic property acquisition targets gaps left between major players such as Agnico Eagle, who consolidated much of the region's geology. By acquiring and thoroughly evaluating properties with modest spending, they attract partners who fund detailed exploration, while Val-d'Or retains royalty interests generally targeting a 2% net smelter return (NSR). As partners meet spending milestones and vest their interests, Val-d'Or's royalties become crystallized, providing long-term revenue without the risks and capital requirements of full mine development.The company's President and CEO, Glenn Mullan, boasts a track record of three successful exits generating over $500 million collectively by selling royalty companies rather than mines. This strategy, combined with the current high gold price environment and the industry's demand for exploration assets, positions Val-d'Or as a compelling investment. Their structure maintains significant insider ownership for stability, while the partnership model minimizes dilution and exploration risk. With drilling commencing on multiple properties and over $36 million committed from Eldorado, Val-d'Or is actively advancing their asset base toward royalty monetization in a robust gold market.In summary, Val-d'Or Mining exemplifies a non-dilutive, prospect generation model leveraging partnerships to develop a portfolio of royalty-bearing properties with diversified near-term revenue, a strong historical track record, and optimized for current market conditions in Canadian gold mining .Learn more: https://www.cruxinvestor.com/companies/val-dor-miningSign up for Crux Investor: https://cruxinvestor.com

In this episode, hosts Jacob and Eric discuss cool-season food plots with MSU Deer Lab graduate student Luke Resop. They cover key topics such as food plot placement, soil testing, and seed-bed preparation in part 1 of this 2-part series.  Check out the MSU Deer Lab's online seminar series (here) and select the Natural Resources option from the Categories drop-down menu. You will need to create an account to view the seminars. The seminars are free unless you are seeking professional educational credits. Also, be sure to visit our YouTube channel (here)