POPULARITY
Categories
833 episodes with tsx v
823 episodes with tsx v
456 episodes with tsx v
456 episodes with tsx v
156 episodes with tsx v
230 episodes with tsx v
318 episodes with tsx v
335 episodes with tsx v
234 episodes with tsx v
80 episodes with tsx v
53 episodes with tsx v
28 episodes with tsx v
15 episodes with tsx v
10 episodes with tsx v
9 episodes with tsx v
10 episodes with tsx v
8 episodes with tsx v
127 episodes with tsx v
6 episodes with tsx v
2 episodes with tsx v
2 episodes with tsx v
2 episodes with tsx v
2 episodes with tsx v
2 episodes with tsx v
2 episodes with tsx v
24 episodes with tsx v
2 episodes with tsx v
2 episodes with tsx v
17 episodes with tsx v
15 episodes with tsx v
14 episodes with tsx v
13 episodes with tsx v
2 episodes with tsx v
11 episodes with tsx v
8 episodes with tsx v
8 episodes with tsx v
8 episodes with tsx v
7 episodes with tsx v
7 episodes with tsx v
6 episodes with tsx v
6 episodes with tsx v
6 episodes with tsx v
5 episodes with tsx v
3 episodes with tsx v
3 episodes with tsx v
Interview with Andrew Cox, President & CEO, and Alex Black, Executive Chairman, of Rio2 Ltd.Our previous interview: https://www.cruxinvestor.com/posts/erdene-rio2-tsxerd-tsxvrio-two-gold-juniors-battle-market-skepticism-on-path-to-production-6552Recording date: 20th March 2025Rio2 Limited is making significant progress on its Phoenix Gold Project in Chile's Atacama Desert, one of the few substantial new gold production developments in an industry dominated by mergers rather than new supply. With 5 million ounces of measured and indicated gold resources, the project is fully funded and on track for first gold pour in January 2026.Located at elevations approaching 5,000 meters, construction officially began in October 2024 after pre-construction activities were initiated in 2022 with early financing from Wheaton Precious Metals. Currently, approximately 1,130 workers are on site, approaching the expected construction peak of 1,200 workers.The project features favorable economics with a relatively low capital expenditure of approximately $120 million for 2025. Its simple open-pit mining operation benefits from low strip ratios (0.85:1 initially, 1.2:1 in expansion phase) and minimal pre-stripping requirements, as mineralization outcrops at surface across extinct volcanic peaks.Initial production will target 1.7 million ounces of the total 5 million ounce resource, with output expected to reach around 70,000 ounces in 2026, ramping up to 100,000 ounces annually by 2027. The company is already planning an expansion to triple production to approximately 300,000 ounces per year.Current challenges include managing winter construction timelines and water logistics. Initially, Phoenix Gold will operate using trucked water from Copiapó, while evaluating three desalination plant options for the longer term. The company is working collaboratively with Kinross to develop a shared water solution.After previously facing regulatory delays when a new government came to power in Chile, Rio2 has successfully navigated these hurdles and received its environmental approval with additional monitoring conditions.Management views the current market valuation (approximately $250 million USD) as substantially undervaluing the project given its scale and near-term production status. They draw comparisons to other recent producers that have grown to multi-billion dollar valuations once reaching production.The project's remote location minimizes typical environmental and community impact concerns, with no nearby population centers, no surface water to be affected, and limited flora and fauna. Executive Chair Alex Black emphasizes the project's simplicity: "We're confident, I mean this is simple... it's all about simplicity here and it's an earthmoving exercise."View Rio2's company profile: https://www.cruxinvestor.com/companies/rio2-limitedSign up for Crux Investor: https://cruxinvestor.com
Aftermath Silver CEO Ralph Rushton joined Steve Darling from Proactive to announce the appointment of Danny Keating as a strategic advisor to the company. Keating brings over 30 years of experience in mining, processing, and infrastructure development, having led major projects across multiple jurisdictions. Most recently, Keating spearheaded the development of a High Purity Manganese project in Southern Africa, where he oversaw the construction of an EV battery demonstration plant and successfully secured strategic investors. His deep understanding of the battery market and evolving battery chemistries will be instrumental in guiding Aftermath Silver's strategic direction. Keating's extensive career includes serving as CEO of TSX-V listed Giyani Metals, a key player in the manganese battery metals space, as well as leadership roles at Alufer Mining, Dynamic Mining, and ASX-listed Lindian Resources. A South African-qualified mining engineer, he started his career with Anglo American and Gold Fields, gaining hands-on expertise in production, project development, finance, and strategy. His experience extends into investment banking and corporate finance, having worked with Collins Stewart and ABN AMRO in London, where he specialized in project funding, mergers and acquisitions, and corporate strategy. With a strong technical and operational background, Keating has successfully managed technical studies, social and environmental assessments, and permitting processes. He holds a B.Sc. in Engineering (Mining) and is a Chartered Management Accountant. With Keating's expertise, Aftermath Silver is well-positioned to advance its projects and strengthen its position in the evolving battery metals market. #proactiveinvestors #aftermathsilverltd #tsxv #aag #otcqx #aagff #mining #SilverMining, #BerenguelaProject, #Mining #Silver #Copper #Manganese #Peru #DrillingResults #BatteryMetals #ResourceModel #Investing #MiningUpdate #StrategicAdvisor #Manganese #EngineeringDevelopment #CapitalMarkets #MiningNews #JuniorMining #ResourceSector #RalphRushton
Interview with Luke Alexander, President & CEO of Newcore Gold Ltd.Our previous interview: https://www.cruxinvestor.com/posts/newcore-gold-tsxvnew-advancing-enchi-a-gold-developer-to-watch-4714Recording date: 11th March 2025Newcore Gold is rapidly developing its flagship Enchi gold project in Ghana, establishing itself as one of the country's most advanced greenfield gold projects. The company recently strengthened its financial position through an oversubscribed financing round that raised $15 million—exceeding the initial $12 million target—with 90% backed by institutional investors. This funding, combined with existing cash reserves and in-the-money warrants, gives Newcore over $20 million to advance its ambitious plans.The Enchi project demonstrates compelling economics per its 2024 Preliminary Economic Assessment (PEA), showing an after-tax NPV of $630 million, a remarkable 92% IRR, and a swift 1.1-year payback period at a $2,350 gold price. Currently trading at approximately 0.1 times its NPV, the company presents significant upside potential as it progresses toward a Pre-Feasibility Study (PFS) expected in the first half of 2026.Newcore has expanded its drilling program from 10,000 to 35,000 meters, focusing on multiple objectives: converting inferred resources to indicated, expanding along strike, testing parallel structures, and exploring high-grade feeder zones at depth. The company aims to increase its indicated resources from 740,000 ounces to approximately 1.3 million ounces to support the upcoming PFS.The company's development strategy involves a phased approach to production, beginning with an open-pit heap leach operation processing oxide and transitional material, projected to produce approximately 122,000 ounces annually over a 9-year mine life. As the sulfide resource grows, Newcore plans to add a CIL plant around year five or six, potentially increasing production to 200,000-250,000 ounces annually.Ghana's status as Africa's largest gold producer and the sixth-largest globally provides Newcore with a stable operating environment. The country hosts operations from major miners including Newmont, Goldfields, and AngloGold Ashanti, underscoring its attractiveness as a mining jurisdiction.With management and the board owning approximately 15% of the company, interests are strongly aligned with shareholders. Newcore maintains strategic flexibility to either develop the project independently with its manageable $106 million capital requirement or position for acquisition as the resource and production profile grows.Through its aggressive drilling campaign, strong treasury position, and clear development pathway, Newcore Gold is well-positioned to create substantial value for shareholders while advancing one of Ghana's most promising gold projects.View Newcore Gold's company proflle: https://www.cruxinvestor.com/companies/newcore-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with George Salamis, President & CEO of Integra Resources Corp.Our previous interview: https://www.cruxinvestor.com/posts/integra-resources-tsxv-itr-three-project-strategy-targets-quarter-million-ounces-of-gold-6326Recording date: 10th March 2025Integra Resources has successfully transformed from a development-stage company to a gold producer through its strategic acquisition of the Florida Canyon mine. This $63 million stock transaction has proven immediately accretive, with the company ending 2024 with over $50 million in treasury and record gold production of 72,000-75,000 ounces.The Florida Canyon acquisition addresses a critical challenge facing junior miners – the cycle of dilutive capital raises. As CEO George Salamis notes, "We were stuck in this loop as so many are... we figured the best way to break that would be to look for a producing asset that will pay the bills." This cash flow now funds development activities at the company's DeLamar and Nevada North projects without returning to capital markets.A distinctive advantage is Integra's regional focus, with all three assets located within three hours of each other in the western US. This proximity creates significant operational synergies, allowing for shared expertise, equipment, and personnel. The company's growth pathway is clearly defined, with the potential to increase production from current levels to approximately 300,000 ounces annually once all assets are operational.Valuation presents a compelling opportunity, with Integra trading at roughly 0.25x NAV compared to peer averages of 0.5x NAV. This discount reflects the market's lag in recognizing the company's producer status – a gap that should narrow as Florida Canyon demonstrates consistent cash generation.The regulatory environment has improved significantly under the current administration, creating a favorable window for permitting new projects. With DeLamar entering the federal NEPA process this year and benefiting from streamlined procedures, timing appears advantageous for Integra's development pipeline.Key catalysts include quarterly production results from Florida Canyon, the DeLamar feasibility study expected mid-2025, and exploration programs aimed at extending Florida Canyon's six-year mine life. Management is strengthening its team with key hires in operations and permitting, positioning the company for execution across its portfolio.For investors seeking exposure to gold in a stable jurisdiction with both current production and significant growth potential, Integra Resources offers a compelling risk-reward proposition at its current valuation.View Integra Resources' company profile: https://www.cruxinvestor.com/companies/integra-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Alberto Orozko, CEO of Capital Silver Corp.Recording date: 5th March 2025Capitan Silver (TSXV:CAPT) is advancing a dual-focus exploration project in Durango, Mexico, strategically positioned in the heart of Mexico's prolific silver belt. Led by CEO Alberto Rasco, the company is exploring property that hosts both high-grade silver veins and a separate oxide gold deposit.The company's primary silver asset features impressive mineralization with intercepts showing up to 3 kg/ton silver within broader 10-meter zones averaging 300+ g/ton silver. What distinguishes this project is that high-grade zones are contained within continuous mineralized envelopes, creating more mining-friendly geometry than typical narrow veins.The project involves an intermediate sulfidation deposit system similar to those acquired by major companies. Capitan has confirmed mineralization along 1.3 kilometers of a 2.6-kilometer surface trend, with a significant advantage being that mineralization starts right at surface – unlike many competing deposits that begin hundreds of meters underground.Recently, Capitan Silver raised $5.3 million at a premium to market price, attracting Jupiter Asset Management as a strategic investor alongside continued support from existing investors including Michael Gentile. This funding supports a 10,000-meter drill program targeting extensions of their Jesus Maria vein system, the "Gully Fault" zone featuring gold-silver mineralization, and potential parallel vein structures.The company's unique dual asset strategy includes both the high-grade silver vein system and a separate oxide gold deposit currently estimated at 300,000 ounces in the inferred category. The gold deposit resembles mines previously operated by team members during their time at Argonaut Gold and could potentially be developed as an open-pit, heap-leach operation. This could provide a low-capital starter project generating cash flow to fund the more complex underground silver development.The property includes three historical mines that operated from the late 1800s until the Mexican Revolution disrupted operations. It remained fragmented until 2022, when Capitan acquired the final piece from Fresnillo, completing their land position along the silver trend.With Mexico potentially becoming more mining-friendly under President Claudia Sheinbaum's administration, Capitan Silver appears well-positioned with necessary permits already secured. The company's management brings significant regional experience, recently strengthened by adding Fernando AlanÃs, former CEO of Peñoles and president of the Mexican Chamber of Mines, to their board.As global demand for silver continues to grow for both industrial applications and as a monetary metal, Capitan Silver offers exposure to a high-grade, scalable project in the world's largest silver-producing country.Learn more: https://www.cruxinvestor.com/companies/capitan-miningSign up for Crux Investor: https://cruxinvestor.com
Interview with Luis Azevedo, Chairman & CEO of Bravo Mining Corp.Our previous interview: https://www.cruxinvestor.com/posts/bravo-mining-tsxvbrvo-copper-gold-discovery-in-tier-1-pgm-project-in-brazil-5938Recording date: 4th March 2025Bravo Mining Corp represents an exciting opportunity for investors to gain exposure to the clean energy transition through a world-class platinum group metals (PGM), copper, and gold asset in the heart of Brazil's mining industry. The company's 100%-owned Luanga project, located in the renowned Carajás Mineral Province, has rapidly emerged as one of the largest and highest-grade palladium-platinum deposits globally, with a resource that has tripled to over 15 million ounces in just two years. Even more tantalizing is Luanga's copper-gold potential, with Bravo recently discovering bonanza-grade mineralization reminiscent of the IOCG deposits that built mining giants like Vale and Anglo American.The Luanga project boasts a number of key attributes that enhance its economic and development potential. First and foremost is the sheer scale and grade of the PGM resource. At 15 million ounces and growing, Luanga already ranks among the largest PGM deposits in South America. Importantly, the resource starts right at surface, with 86% of the ounces sitting in the first 250 meters depth. This suggests a low-cost, open-pit operation could be in the offing. Furthermore, with less than 10% of this massive land package systematically explored, Luanga likely has much more to give.While the PGM story alone would merit serious investor attention, the recent copper-gold discovery at Luanga makes Bravo impossible to ignore. Drill results like 11 meters of 14.5% copper and 3 g/t gold would be the envy of any major miner. The exploration model of choice for such mineralization are IOCG deposits, which are responsible for the bulk of Brazil's copper and gold production. These deposits are prized for their large size and polymetallic nature, often hosting economic quantities of copper, gold, silver, PGMs, and rare earths. With a land package of nearly 9,000 hectares, Bravo has an opportunity to consolidate a new copper-gold district in the heart of the Carajás.To advance these exceptional assets, Bravo has assembled a topnotch technical team with an unparalleled track record of discovery and development in Brazil. CEO Luis Azevedo and his colleagues were involved in several major discoveries in the country, giving them keen insights into the local geology and what it takes to operate there. Bravo also enjoys strong support from both the government and local community, a social license that is absolutely critical in today's mining industry. The Brazilian government has thrown its weight behind Luanga, placing it in an accelerated permitting program to bring the critical metals to market as quickly as possible.Lastly, Bravo has the financial strength to deliver on its ambitious plans. With $25 million in the bank, the company is fully funded to expand the PGM resource, advance engineering studies, and aggressively explore the copper-gold discovery. Major shareholders like Blackrock, Tembo, Franklin, and RCF have thrown their support behind management, recognizing the immense value creation potential at Luanga. As the company hits key milestones and proves out the polymetallic nature of the project, investors can look forward to a steady stream of catalysts.As the world electrifies and decarbonizes, metals like palladium, platinum, and copper will become ever more critical. Already, the Brazilian government is taking steps to secure its own supply of these vital elements. For investors, Bravo Mining offers a unique opportunity to participate in this generational megatrend, through an exceptional asset with a world-class team behind it. With drills turning, permits in hand, and a historic bull market for green metals ahead, Bravo has all the ingredients to become a major player in the industry.View Bravo Mining's company profile: https://www.cruxinvestor.com/companies/bravo-miningSign up for Crux Investor: https://cruxinvestor.com
Interview with Jason Jessup, CEO of Magna Mining Inc.Our previous interview: https://www.cruxinvestor.com/posts/magna-mining-tsxvnicu-magna-bets-on-coppers-future-with-acquisition-of-kghms-sudbury-portfolio-6411Recording date: 3rd March 2025Magna Mining is a rising star in the Canadian mining sector, poised to capitalize on the surging demand for critical metals like nickel and copper. With a portfolio of high-quality assets in the world-renowned Sudbury Basin, Magna offers investors a compelling opportunity to gain exposure to the electrification megatrend.At the heart of Magna's story is the McCreedy West mine, a cornerstone asset already in production. With a history of mining since the late 1990s, McCreedy West boasts a substantial resource base of over 9 million tons. Magna is now ramping up operations, with plans to boost throughput to 400-500,000 tons per year. Even more exciting, Magna is targeting higher grades of 4-5% copper, a level rarely seen in global mining today. This combination of scale and grade is set to generate significant cashflows, giving Magna the firepower to fund aggressive growth.But McCreedy West is just the beginning. Magna's crown jewel is the past-producing Levack mine, a high-grade monster that previously yielded head grades of 8-10%+ copper. Magna is now aggressively exploring the Levack deposit, with drills already turning to expand the resource. The potential is immense – with historic production of over 60 million tons, Levack could be a true company-maker for Magna. Management is targeting a rapid restart by 2026, which could propel Magna into the ranks of the mid-tier producers.Magna has a pipeline of over five permitted projects in the Sudbury Basin, giving it incredible optionality and scale potential. From the advanced-stage Crean Hill project to the low-capex Shakespeare open pit, Magna controls a string of pearls in one of the world's most prolific mining camps. This creates the potential for Magna to evolve into a true district-scale producer over time, leveraging shared infrastructure and a centralized management team to drive industry-leading margins.Critical to Magna's success is the strength of its leadership. CEO Jason Jessup is a mining veteran with a proven track record of value creation, having played a key role in building FNX Mining into a Sudbury heavyweight. He leads a technical team with decades of experience in the basin, giving Magna a true home field advantage. This deep knowledge base is complemented by a bold vision for growth and the proven ability to attract capital. Magna's recent $30m raise highlights the confidence the market has in the company's prospects.With the tailwinds of electrification and decarbonization at its back, the company is perfectly positioned to ride the coming wave of demand for nickel and copper. As Jessup says, "This isn't about now we're a producer, we're done. This is about building into something that's significant." For investors looking to align themselves with that vision, Magna Mining presents a uniquely compelling opportunity. In a world hungry for critical metals, Magna is ready to deliver.View Magna Mining's company profile: https://www.cruxinvestor.com/companies/magna-miningSign up for Crux Investor: https://cruxinvestor.com
Interview with Ben Pullinger, President & CEO of ATEX Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/atex-resources-tsxvatx-slated-growth-with-strategic-major-investment-on-large-copper-asset-6272Recording date: 4th March 2025ATEX Resources is making significant progress at its Valeriano Copper-Gold project in Chile, where its phase five drill program is delivering the best results to date. The company has evolved from focusing solely on a large porphyry resource to also emphasizing newly discovered high-grade breccia zones above the main deposit.These high-grade zones, which show consistent mineralization of 2% copper equivalent over 100-200 meter intervals, could contain 30-50 million tons of material representing $6-10 billion in in-situ value. Each ton of this material has an estimated gross value of $200, potentially generating around $100 per ton in margin after costs.A significant development for ATEX has been its partnership with Agnico Eagle, which brings financial stability and technical expertise. This partnership aligns with a growing industry trend toward consortium-based development of large copper projects, especially in Chile's emerging world-class copper district where companies like Teck, Newmont, Anglo Gold, and Freeport-McMoRan are active.ATEX is well-capitalized with approximately $50 million Canadian in cash and an additional $90 million in warrants, allowing for continued aggressive exploration. The company is planning a phase six drilling program to test additional targets identified through geophysical work.Geophysical surveys have identified multiple targets with signatures similar to the already-drilled high-grade zones. These signatures occur at the intersection of northeast and northwest structural features, with current interpretation suggesting there could be up to four or five high-grade breccia zones within the property.The upcoming resource update is expected to show significant growth from the 2023 estimate, which established 200 million tons at approximately 1% copper equivalent in the porphyry system. The update will likely include the newly discovered high-grade zones and additional indicated resources with higher confidence.ATEX plans to advance toward economic studies once it has fully defined the highest-value portions of the deposit. The company believes that the district has potential for 200+ years of production, representing a long-term opportunity in a market facing supply challenges.According to industry forecasts, copper demand will require adding "an Escondida every two years." Projects like Valeriano, with high-grade components that can be developed at smaller scales initially and then expanded, are becoming increasingly attractive in this environment of growing global copper demand.View ATEX Resources' company profile: https://www.cruxinvestor.com/companies/atex-resources-incSign up for Crux Investor: https://cruxinvestor.com
Interview with David Rhodes, Executive Chairman, and Alexandra Woodyer Sherron, President & CEO of Empress Royalty Corp.Our previous interview: https://www.cruxinvestor.com/posts/empress-royalty-tsxvempr-chairman-bullish-on-companys-potential-to-deliver-significant-growth-6299Recording date: 3rd March 2025Empress Royalty Corp. has reached a significant milestone in its growth trajectory, achieving positive cash flow and $8 million in revenue for 2024, more than doubling the $3.5 million generated in 2023. The company projects continued strong growth, with expectations to double revenue again to $15-16 million in 2025 based solely on their existing portfolio.This revenue is derived from four key assets: a silver stream in Mexico, a gold stream in Peru, a gold royalty in Mozambique, and a gold royalty in South Africa. The portfolio is already showing strong returns on investment, with Empress recovering nearly 90% of their $5 million investment in the Mexico project, about half of their $10 million Peru investment, and exceeding their initial $3 million Mozambique investment with $4.2 million returned to date.Empress differentiates itself in the royalty and streaming sector through its active investment approach, focusing on junior mining companies that are either entering production or expanding operations. Unlike competitors who may passively acquire existing royalties or focus on early-stage exploration, Empress directly invests in mining companies and maintains close operational relationships, including regular reporting and site visits."Our business motto is doubling every year our cash flow and our revenue. That takes wise stewardship and that's a little different. We're not just all about making the market happy; we're about building a business," stated David Rhodes, Executive Chairman.The company has maintained disciplined capital allocation, evaluating over 10 potential deals last year but advancing none due to technical or other concerns. This selective approach has ensured their existing investments perform well while preserving capital for strategic opportunities.Having achieved positive cash flow, Empress is now positioned to reinvest incoming revenue into new opportunities without diluting existing shareholders. They also maintain access to $20 million in funding from financial partner Nebari, providing additional capacity for growth while keeping general and administrative expenses flat at approximately $2 million annually.The company is currently in advanced discussions regarding a potential new investment in the United States, while also evaluating opportunities in Africa and South America. Empress maintains a flexible approach to geographical risk, leveraging management's international experience to evaluate and structure investments in diverse locations.As Rhodes noted regarding their precious metals focus: "We believe in gold, we believe it's going to $3,000, we believe in silver, we believe that's going to $40." This outlook would dramatically enhance returns from their existing portfolio while creating opportunities for new deals as mining companies seek capital to benefit from higher metal prices.View Empress Royalty's company profile: https://www.cruxinvestor.com/companies/empress-royaltySign up for Crux Investor: https://cruxinvestor.com
Interview with Jeffrey R. Wilson, President & CEO of Precipitate Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/precipitate-gold-tsxvprg-unlocking-dominican-republics-promising-high-grade-gold-projects-6321Recording date: 2nd March 2025Precipitate Gold Corporation has successfully renegotiated its earn-in agreement with Barrick Gold, significantly increasing the potential investment from $10 million to $22 million while extending the timeline to 2030. According to President and CEO Jeff Wilson, Barrick has already invested approximately $7 million in the project.The strategic value of Precipitate's property lies in its location surrounding Barrick's Tier 1 Pueblo Viejo mine in the Dominican Republic. The land package borders this major mining operation on three sides, providing Barrick with expansion potential for one of their flagship properties. The agreement includes an "all or nothing" structure that protects Precipitate's interests. If Barrick discontinues exploration, Precipitate regains 100% ownership, and should the project advance to a 70/30 joint venture, Precipitate maintains a carried interest.Recent regulatory developments in the Dominican Republic have created a more favorable environment for mining companies. Previously, GoldQuest's Romero project had been stalled due to requirements for presidential approval of mining licenses. The regulatory process has been modified to allow companies to complete environmental impact studies and feasibility studies before final licensing decisions, creating a clearer pathway to development. This change has also positively affected Unigold and boosted investor confidence in the jurisdiction.Precipitate is in a strong financial position with approximately $5 million in cash from a previous sale to Barrick. The company has adopted a patient approach to capital deployment, preserving resources during uncertain times. Cost advantages include co-ownership of drilling equipment with GoldQuest, acquired from a bankrupt contractor at a significant discount.For 2025, Precipitate is preparing exploration programs focusing on targets identified through ongoing groundwork. Geophysical surveys, particularly ground IP, will play a key role in refining drill targets. Wilson indicated that initial drilling would be measured rather than aggressive to preserve financial flexibility.The Dominican Republic government has shown increased support for mining, with ministry officials actively engaging with mining companies. Mining currently contributes approximately 43% to the country's economy, primarily from Barrick's Pueblo Viejo operation. However, with production gradually diminishing, the government recognizes the need to develop new mines and has adopted a more pro-business stance in its second term, extending support through both the Ministry of Energy and Mines and the Environment Ministry.View Precipitate Gold's company profile: https://www.cruxinvestor.com/companies/precipitate-gold-corpSign up for Crux Investor: https://cruxinvestor.com
Interview with Ian Harris, CEO and President, Outcrop SilverOur previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-tsxvocg-leveraging-high-grade-silver-in-colombia-in-growing-global-demand-5930Recording date: 3rd of March, 2025Outcrop Silver is developing its flagship Santa Ana project in Colombia, positioned as one of the world's highest-grade primary silver projects. With 75% of its value derived from silver and exceptional recovery rates of 96-99% for both silver and gold, the project represents a rare opportunity for investors seeking pure silver exposure.The company has secured significant backing from prominent silver investor Eric Sprott, who holds a 19.9% stake—the maximum allowable before triggering takeover provisions. According to CEO Ian Harris, this makes Outcrop among Sprott's top five investments last year despite the company's relatively small size.For 2025, Outcrop has allocated an ambitious $12 million exploration budget to drill 24,000 meters using two drilling rigs. The company employs a systematic approach to target prioritization, analyzing factors such as grade, thickness, success rate, and strike length to calculate potential ounces and drilling costs. Their goal is to convert targets to resources at approximately 50 cents per ounce, well below their market valuation."The goal is to do it at around 50 cents... basically our cost to convert to resource, and our valuation is much higher than that number," Harris explained. "We are putting in a plan that securely will create more value for less money than we're spending."Harris emphasized the advantages of being a true primary silver project, which creates greater leverage to silver prices. He noted silver's potential for explosive price movements compared to other metals: "If I said do you believe that it's possible that silver could double in price this year, the argument would be yes. Is there a possibility of copper going two times this year? No."The company sees potential for industry consolidation among the small peer group of quality primary silver companies to improve capital access. Harris suggested combining companies with complementary attributes could be beneficial in the current capital-constrained environment.Outcrop operates within a unique silver market characterized by structural supply-demand imbalances. Primary silver mines represent less than 25% of global production, with the majority coming as byproducts from base metal operations. Meanwhile, industrial demand continues growing, with solar panel manufacturing accounting for approximately 25% of consumption.With Colombia's presidential election approaching in 14 months, the company is well-positioned to benefit from potential renewed interest in mining investment while advancing its high-grade project toward resource expansion.Learn more: https://www.cruxinvestor.com/companies/outcrop-silver-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with CEO Terry LynchOur previous interview: https://www.cruxinvestor.com/posts/power-nickel-tsxvpnpn-charges-up-massive-nickel-copper-pgm-discovery-with-2025-drilling-plan-6495Recording date: 2nd March 2025Power Metallic Mines (TSXV:PNPN) is rapidly emerging as one of the most exciting stories in the junior mining space. The company's 100%-owned NISK project in Quebec has all the makings of a world-class discovery with district-scale potential.NISK represents an extremely rare orthomagmatic nickel-copper-PGM system - a type of deposit known for hosting giant to supergiant metal endowments. Nearly all orthomagmatic discoveries to date have evolved into Tier 1, multi-decade mines. And the geological parallels between Nisk and other major orthomagmatic camps globally are striking.Since acquiring the project in 2021, Power Metallic has hit the ground running with an aggressive drill campaign aimed at unlocking the full potential of this vast mineralized system. Drilling to date has already outlined high-grade copper zones over a 1.8 km strike extent, with multiple discovery areas remaining wide open for expansion.The blue-sky potential lies in the nickel. Consulting geologist Dr. Steve Beresford, who was involved in discovering some of the world's largest nickel deposits, believes there could be up to five times more nickel than copper waiting to be found at NISK based on metal ratio analogues from other major orthomagmatic systems. Combine this exceptional geological upside with a management team that has a track record of value creation, a top Quebec address, and over $40 million budgeted for drilling - and it's easy to see why Power Metallic is attracting some serious attention from investors.Prominent mining entrepreneur Robert Friedland is already a major backer, and several institutions recently wrote big checks to support the ongoing exploration. Despite the enviable progress and well-rounded shareholder base, Power Metallic still trades at a substantial discount to peers on an in-situ valuation basis. Part of this disconnect stems from management's astute strategy to rapidly build out the resource footprint first before publishing a maiden estimate.Multi-fold returns for early shareholders are well within the realm of possibility if NISK shapes up as envisioned. With a major 100,000 meter drill program revving up and assays pending from the new Tiger zone, Power Metallic is entering a catalyst-rich period that could serve as a key inflection point for the stock.In a world facing critical shortages of the metals that enable a greener future, NISK is emerging as a deposit of global significance. Power Metallic has all the attributes of an emerging Canadian mining champion in the making - and investors can expect a very active and exciting year ahead as the company delivers on its vision to unlock a new world-class nickel-copper-PGM mine.View Power Metallic's company profile: https://www.cruxinvestor.com/companies/power-nickelSign 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-historic-20m-first-nations-investment-6434Recording date: 2nd March 2025Canada Nickel Company has successfully completed Front-End Engineering Design (FEED) for its flagship Crawford Nickel Project, advancing engineering to approximately 30% completion. Despite a 5% increase in capital costs, the project has demonstrated improvements in Net Present Value (NPV) and Internal Rate of Return (IRR).In a strategic optimization move, the company modified its mine plan to prioritize the East Zone over the Main Zone. This decision reduces stripping requirements and truck fleet needs, which helps offset capital cost increases. CEO Mark Selby highlighted the company's efficient development approach, noting they've progressed from "fifth drill hole to feasibility study in just over four years," significantly faster than industry averages of 7-10 years.On the financing front, Canada Nickel has secured letters of intent for $500 million USD from Export Development Canada and $500 million CAD from another financial institution. The next step involves an independent engineering review to validate the company's work. Notably, Middle Eastern sovereign wealth funds are showing substantial interest in the project as they seek to diversify their economies beyond oil.Beyond Crawford, the company aims to establish the Timmins area as a premier nickel district. Plans include publishing resources for six additional properties, bringing their total to nine resources in the district. Selby claims the total nickel resource is expected to exceed "the total endowment at Sudbury, which was the world's largest nickel sulfide district."Community partnerships represent another significant advancement, with Canada Nickel announcing construction projects to be delivered by First Nations communities through a business vehicle called Wabun. This approach demonstrates local support and strengthens the company's social license as it progresses through permitting.The company remains on track with its permitting timeline, currently in the final approval stage with the federal government. Approvals are expected by year-end, with provincial permits to follow. Canada Nickel is also exploring non-equity financing options, including royalties, to minimize shareholder dilution.The Crawford project is positioned to become "the Western world's largest nickel sulfide operation" with the flexibility to serve both EV battery and stainless steel markets. This strategic positioning comes at a time when Western economies are actively seeking to reduce dependence on Chinese-dominated supply chains for critical minerals, potentially creating significant long-term value for the company and its investors.View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com
Interview with Colin Healey, CEO of Premier American Uranium Inc.Our previous interview: https://www.cruxinvestor.com/posts/growing-global-support-for-nuclear-energy-drives-uranium-demand-momentum-6080Recording date: 2nd March 2025The future looks incredibly bright for uranium as the world charges forward into a new era of clean energy. Nuclear power, fueled by uranium, is poised to play a starring role in the global fight against climate change. Countries everywhere are waking up to the immense potential of this powerful, low-carbon energy source to help meet skyrocketing electricity demand while slashing emissions.For uranium, it's a story of surging demand and constrained supply - a recipe for explosive growth ahead. More and more countries are getting serious about expanding their nuclear power capacity. Energy powerhouses like China and India have ambitious plans to build scores of new reactors in the coming years. Even in the West, there's a major nuclear renaissance underway, with the U.S., UK, France and others extending the lives of existing plants while greenlighting new builds. It's clear the world is going to need a lot more uranium, and fast.The uranium industry has been in a long slump ever since the Fukushima disaster in 2011. Years of low prices have led to chronic underinvestment in new mining capacity. Even with the major producers starting to ramp back up, there's a good chance supply just won't be able to keep pace with this tidal wave of demand. We could be looking at a major supply crunch in the not-too-distant future.It's not just the fundamentals that are aligning in uranium's favor. There are powerful geopolitical tailwinds at play too, especially for U.S. uranium developers. Washington has finally woken up to the strategic importance of securing domestic supply. They're establishing a national uranium reserve, with buy American rules that are a huge boost for U.S. producers. Add in bipartisan support for nuclear energy and the green light for a new generation of advanced reactors, and the stars are definitely aligning for a U.S. uranium boom.Premier American Uranium are making moves, consolidating a top-notch portfolio of advanced-stage U.S. uranium projects. Their flagship asset in New Mexico is a real gem - it's got a monster resource, a past-producing mine, and serious expansion potential. Plus it's on private land, which is a huge permitting advantage. They're charging ahead with an updated resource and economic study that could be a major catalyst.Premier American is led by a veteran team that knows this industry inside and out. And get this - over half their shares are owned by deep-pocketed strategic investors with a long-term focus. It's a tight capital structure that's built for success.Uranium is a space to watch closely in the years ahead. The supply/demand setup is incredibly compelling, and the macro forces at play are only getting stronger. Companies like Premier American Uranium offer a high-potential way for investors to ride this rising tide. There are always risks to consider in a complex, highly regulated sector like nuclear fuel, but the risk/reward equation definitely seems skewed to the upside. For investors who believe the future is nuclear, uranium looks like a glowing opportunity.View Premier American Uranium's company profile: https://www.cruxinvestor.com/companies/premier-american-uraniumSign up for Crux Investor: https://cruxinvestor.com
Interview with Tim Moody, President & CEO of Pan Global Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/pan-global-resources-tsxvpgz-drilling-expands-after-high-grade-gold-discovery-6688Recording date: 2nd March 2025Pan Global Resources is an copper exploration company that is perfectly positioned to capitalize on the immense demand for copper driven by the global transition towards clean energy. With its strategic portfolio of highly prospective projects in the world-class mining jurisdiction of Spain, Pan Global is poised to emerge as a significant player in the copper industry.The company's flagship Escacena Project, located in the renowned Iberian Pyrite Belt, is showing tremendous potential. Aggressive drilling is underway to expand the near-surface resource and test multiple new targets, with the goal of delineating an initial 50-100Mt resource that would rival the scale of other major mines in the region. The upcoming maiden resource estimate is expected to showcase the project's value and provide a solid foundation for future growth.Pan Global's pipeline of earlier-stage projects adds even more upside potential. The Aguilas Project, recently consolidated under Pan Global's full ownership, boasts high-grade massive sulfide mineralization, gold-rich VMS, and extensive copper stockwork at surface. The company's systematic exploration efforts have already generated compelling drill targets that will be tested in the upcoming campaign. Meanwhile, the Escacena Project presents a unique opportunity, with its large, untested copper-in-soil anomaly associated with a massive breccia body, suggesting the presence of a previously unrecognized bulk tonnage porphyry copper system in the Iberian Pyrite Belt.There is confidence in Pan Global's exceptional management team, which brings a wealth of experience and a proven track record of value creation in the exploration and mining sector. The company's strategic positioning is equally impressive, with 100% ownership of a dominant land package in a top-tier mining district. This, combined with its diversified asset base, makes Pan Global an especially attractive acquisition target for larger producers seeking high-quality growth projects.With a strong balance sheet following a successful $7.2M financing in late 2024, Pan Global is well-funded to aggressively advance its projects and deliver a steady stream of catalysts. The ongoing 7,000m drill program across high-priority targets is expected to generate substantial news flow, while the anticipated maiden resource estimate and potential new discoveries could serve as significant re-rating events for the stock.As the world rushes to combat climate change through rapid electrification, the demand for copper is set to soar. Industry experts warn of a looming supply deficit as copper demand outpaces supply due to grade declines, lack of new discoveries, and long development lead times. This structural imbalance is expected to usher in a new era of elevated copper prices, creating a highly favorable environment for copper miners and explorers like Pan Global Resources. By investing in Pan Global, shareholders gain direct exposure to the energy transition megatrend while also benefiting from the potential for significant share price appreciation as the company continues to create value through exploration success and resource growth. With its exceptional assets, strong management, and the backing of a robust copper market, Pan Global is a standout investment opportunity in the junior mining space.View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with James Sykes, President & CEO of Baselode Energy Corp.Our previous interview: https://www.cruxinvestor.com/posts/baselode-energy-tsxvfind-pioneering-near-surface-uranium-exploration-in-athabasca-basin-5896Recording date: 20th February 2025Baselode Energy CEO James Sykes recently discussed the company's uranium exploration strategy and market outlook, highlighting both challenges and opportunities in the current market environment. The company is pursuing a dual-track approach, advancing its flagship ACKIO uranium deposit while seeking new discoveries at its Hook project.With $10 million in treasury, including $5 million allocated for exploration, Baselode is well-positioned to execute its plans through 2025. This strong financial position enables the company to weather market volatility and potentially capitalize on distressed uranium assets.The ACKIO deposit shows promise as an economically viable open-pit mine, though Sykes notes the market has not fully recognized its value. The company is pursuing a hub-and-spoke development model, aiming to make additional discoveries within 5-6 kilometers of ACKIO to enhance project economics. Baselode is actively seeking strategic partners to help advance ACKIO through economic studies and permitting stages.Looking at the broader uranium market, Sykes emphasizes growing demand coupled with supply challenges. "The demand out there continues to grow and the supply somehow seemingly continues to diminish. Global projects are finding it harder to come online, which is really diminishing the supply side outlook," he states.The company's exploration focus has shifted to the Hook project, where two high-priority targets could potentially deliver a new high-grade discovery. Drilling at these targets is planned for 2025, representing a significant catalyst for the company.Sykes points to structural changes in uranium supply since the Fukushima incident, noting that new discoveries have altered the outlook for both the Athabasca Basin and global projects. However, years of underinvestment in uranium exploration and development, combined with mine closures and production cuts, have created a persistent supply deficit.The investment thesis for Baselode centers on its strong cash position, potential for new discoveries, and the strategic value of the ACKIO deposit. The company believes its current market valuation doesn't reflect the long-term potential of its assets or the improving fundamentals of the uranium market.As governments worldwide increasingly recognize nuclear power's role in achieving climate goals and ensuring energy security, Baselode appears well-positioned to benefit from this transition. The company's focus on making new discoveries while advancing existing assets provides multiple pathways for value creation in an improving uranium market.View Baselode Energy's company profile: https://www.cruxinvestor.com/companies/baselode-energySign up for Crux Investor: https://cruxinvestor.com
Interview with Chris Frostad, President & CEO of Purepoint UraniumOur previous interview: https://www.cruxinvestor.com/posts/purepoint-uranium-tsxvptu-isoenergy-partnership-unlocks-district-potential-in-athabasca-basin-6109Recording date: 21st February 2025Purepoint Uranium Group (TSXV:PTU) is employing a distinctive joint venture strategy to explore for uranium in Saskatchewan's Athabasca Basin. The company has partnered with major industry players including Cameco, Orano, and IsoEnergy, allowing it to conduct extensive exploration while minimizing shareholder dilution.The company's flagship project, Hook Lake, where Purepoint maintains a 21% stake alongside Cameco and Orano, has seen over $15 million in exploration investment. The property is strategically located on trend with significant uranium discoveries, including NexGen's Arrow deposit and Fission's Triple R. The 2025 program at Hook Lake will focus on the Patterson Corridor and newly identified conductor trends that may host a second major deposit.Purepoint's joint venture model offers unique financial advantages. For every million dollars spent on exploration at Hook Lake, Purepoint contributes $210,000 but receives back $100,000 in management fees for operating the project. This structure allows the company to conduct exploration at the scale of a much larger organization while maintaining financial efficiency.A recent development is Purepoint's joint venture with IsoEnergy, covering a 98,000-hectare land package in the Athabasca Basin. The flagship Dorado project, which extends along the trend of IsoEnergy's Hurricane deposit, has secured a $5 million exploration budget for 2025.CEO Chris Frostad maintains a bullish outlook on uranium markets, despite recent price volatility. While spot prices experienced a speculative surge to over $100/lb in 2023 before correcting, Frostad believes the market is only "halfway through this bull market," noting that the industry has been operating with a supply deficit for six years.The long-term fundamentals for uranium appear strong, with global demand exceeding primary mine supply for nearly a decade. Current mine supply covers only about 80% of reactor requirements, with the gap being filled by secondary supplies and inventories. This deficit is expected to become more acute as secondary supplies diminish and utility demand increases with the growth of nuclear power globally.Looking ahead, Purepoint is positioned to capitalize on rising uranium prices through its portfolio of exploration projects. The company's joint venture approach provides multiple opportunities for discovery while maintaining financial discipline. With several drill programs planned for 2025 and strong partnerships in place, Purepoint offers investors exposure to uranium exploration in one of the world's premier mining jurisdictions.View Purepoint Uranium's company profile: https://www.cruxinvestor.com/companies/purepoint-uranium-group-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Sam Lee, President & CEO of NorthIsle Copper & Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/northisle-copper-gold-tsxvncx-restructures-project-development-to-optimize-capital-efficiency-6438Recording date: 20th February 2025Northisle Copper & Gold has announced impressive results from its preliminary economic assessment (PEA) for the North Island copper-gold project in British Columbia, Canada. The study reveals an after-tax net present value of US$2 billion with a 29% internal rate of return, positioning it as one of the most capital-efficient projects in the copper-gold sector.The project's innovative phased development approach significantly reduces initial capital requirements. Phase 1 will operate at 40,000 tonnes per day, focusing on gold-rich mineralization that provides 70% margins. This initial phase, requiring US$850 million in capital, helps fund the Phase 2 expansion to 80,000 tonnes per day, which will incorporate more copper production. The project achieves a rapid payback period of 1.9 years and features a favorable NPV to capex ratio of 1.7, substantially higher than typical copper projects that range from 0.5 to 1.0.Over its 29-year mine life, North Island is projected to produce an average of 157 million pounds of copper equivalent or 300,000 ounces of gold equivalent annually. The life-of-mine production maintains an approximately equal split between copper and gold.The project's exploration potential is particularly noteworthy, with Northisle controlling a 35-kilometer porphyry district. The company's 2025 drill campaign, which is fully funded, will focus on the high-grade northern corridor area, with approximately 85% of the drilling budget allocated to expanding resources around the 2021 Goodspeed discovery.A significant exploration target includes the Pemberton Hills area, located 5-7 kilometers from North Island, featuring a 6.5 x 1.5km lithocap that has already seen over $5 million in historical exploration. The company is advancing this target alongside the main North Island project.Northisle's President & CEO Sam Lee emphasizes the project's strategic value, noting that major mining companies are particularly interested in district-scale opportunities rather than single-asset projects. While the company remains open to strategic partnerships for exploring Pemberton Hills, management has clearly stated they won't divest any ownership in the core North Island project.With a market capitalization of approximately C$160 million, Northisle offers investors exposure to both copper and gold in a stable jurisdiction, with significant exploration upside potential. The project's economics are particularly robust, benefiting from existing infrastructure and strong local community support. The company's focus on reducing capital intensity while maintaining high margins positions it well in the current market environment, where few new copper projects combine scale, favorable economics, and low jurisdictional risk.View NorthIsle Copper & Gold's company profile: https://www.cruxinvestor.com/companies/northisle-copper-goldSign up for Crux Investor: https://cruxinvestor.com
Joe Mazumdar of Exploration Insights reveals how he is safely playing the antimony bull run. He comments on Barrick's potential redomicile to the USA. And Joe talks about the resource sector significance of President Trump's executive order directing the Justice Department to pause prosecutions of Americans accused of bribing foreign government officials while trying to win or retain business in their countries. Also, further topics discussed are why ASX African projects are valued higher than TSXV comparables, Discovery Silver's recent Porcupine Complex acquisition from Newmont and how managed money operates in the mining sector. Joe Mazumdar is editor and analyst at Exploration Insights. Joe has an extensive, multi-decade background in working for both mining companies and the financial institutions that cover and invest in mining equities. He possesses an excellent understanding of geology, the process of exploration and development, and what it takes to run and finance a mining company. 0:00 Introduction 0:46 Barrick's potential redomicile to USA 4:24 Antimony catalyzes Stibnite Gold project permitting? 9:34 Safely profit from antimony bull run 11:27 Bribes and global mining 15:20 ASX Africa valuations higher 17:33 Discovery Silver acquires Newmont's Porcupine Complex 19:10 Newmont's project overhang gone…Developer re-rate now? 20:47 Resource sector Smart vs Dumb money 25:12 Mining sector managed money 31:23 Africa trip reflections Joe Mazumdar's website: https://www.explorationinsights.com/ Follow Joe on Twitter: https://twitter.com/JoeMazumdar Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/
Interview with Sam Hartmann, VP Exploration of F3 Uranium Corp.Our previous interview: https://www.cruxinvestor.com/posts/f3-uranium-tsxvfuu-hitting-50-u3o8-at-flagship-jr-zone-at-athabasca-and-drilling-for-more-6335Recording date: 13th February 2025F3 Uranium (TSXV: FUU) is advancing its Patterson Lake North (PLN) uranium project in Saskatchewan's Athabasca Basin, building on its significant 2022 JR Zone discovery. The project gained further momentum in 2024 when drilling intersected 4.5 meters grading 50% U3O8 in hole PLN24-176, marking one of the sector's best drill results for the year.The JR Zone, a shallow, high-grade uranium deposit, currently extends along a strike length of 150-165 meters. VP Exploration Sam Hartmann highlights that the deposit features an "ultra high-grade core" of approximately 20% U3O8, which typically contains about half of the deposit's pounds - a pattern common in Athabasca Basin deposits.The company has outlined a comprehensive exploration strategy backed by a $5 million budget for 2025. The program focuses on three main priorities: expanding the JR Zone through step-out and infill drilling, exploring the A1B1 Trend northeast of the JR Zone, and testing new targets along the PW Trend in the southwestern portion of the property.F3 sees significant exploration potential beyond the JR Zone. According to Hartmann, uranium deposits in the region typically occur in multiple pods: "Whatever geological circumstance caused this mineralization in the shear zone, those similar circumstances would have existed elsewhere in these long structures."Particular attention is focused on the PW Trend, where the company is conducting ground geophysical surveys to refine drill targets. This area has seen limited historical drilling, with only four holes completed, none of which tested the main conductor target.The company's strategy aligns with broader uranium market dynamics. Current spot prices around $70/lb U3O8 remain below mine development incentive levels, and several major Athabasca Basin mines are approaching depletion, suggesting potential supply deficits in coming years.F3 Uranium is positioning the JR Zone as a potential satellite deposit to feed a central mill, rather than a standalone operation. This approach could make it an attractive acquisition target for larger uranium producers active in the region, such as Cameco or Orano.Looking ahead, F3 plans to maintain steady news flow through 2025 as it advances toward a maiden resource estimate at the JR Zone while simultaneously exploring additional targets across the property. The Athabasca Basin is known for hosting large uranium deposits exceeding 100 million pounds U3O8, and with continued exploration success, the JR Zone and surrounding targets could contribute significantly to the region's resource base.View F3 Uranium's company profile: https://www.cruxinvestor.com/companies/f3-uranium-corpSign up for Crux Investor: https://cruxinvestor.com
Interview with Tim Moody, President & CEO of Pan Global Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/tin-market-faces-supply-challenges-amid-growing-energy-transition-demand-6534Recording date: 13th February 2025Pan Global Resources is advancing its exploration efforts in Spain, with significant developments at both its northern and southern projects. The company's recent focus has been on its northern Spain project, where historic mining in the 1930s produced high-grade copper, nickel, and cobalt from breccia bodies. Recent underground sampling at the Providencia and Profunda targets has yielded impressive results, averaging 2.5% copper plus nearly 1% nickel and cobalt.The company's systematic modern exploration program, which covered less than 5% of the large land package, has revealed extensive mineralization potential. At Providencia, infill soil sampling discovered significant gold presence, with samples reaching up to 20 g/t Au in an area with no previous gold exploration history. Underground channel sampling further confirmed these findings, with one sample returning 37m at 3.1 g/t Au.Pan Global has now initiated its first-ever drilling program at Providencia, with an initial 1,200m program designed to test extensions of the high-grade mineralization exposed underground. The company is already planning to expand this program based on encouraging channel sampling and trenching results.In southern Spain, Pan Global continues to advance its flagship La Romana project in the Iberian Pyrite Belt. An aggressive 2025 drill campaign is underway with two drills currently operating, focusing on expanding the higher-grade western part of the deposit while testing new regional targets. The company expects to release a maiden resource estimate for La Romana later this year.CEO Tim Moody emphasized the strategic advantage of operating in Europe: "Having a copper project in Europe, something that can potentially be brought to production within this decade, in a favorable and stable mining area, really gives us a big advantage."The investment thesis for Pan Global is strengthened by the growing demand for copper driven by the clean energy transition and electrification. Industry forecasts suggest an annual copper supply deficit approaching 10 million tons by 2030, making new discoveries in stable jurisdictions increasingly valuable.The company's presence in Spain's mining-friendly jurisdiction, combined with its experienced management team and active exploration programs, positions it well for future growth. With ongoing drilling at both its northern and southern projects, investors can expect consistent news flow and multiple potential catalysts throughout 2025.View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Victor Cantore, President & CEO of Amex Exploration Inc.Our previous interview: https://www.cruxinvestor.com/posts/amex-exploration-tsxv-amx-133m-in-annual-free-cash-flow-within-reach-at-quebec-gold-project-6378Recording date: 11th February 2025Amex Exploration is advancing its Perron gold project in Quebec's Abitibi region, pursuing a dual strategy of resource expansion and development validation. The project currently hosts 1.6 million ounces of gold across multiple high-grade zones, with only 20-25% of the 4,518-hectare property explored to date.The company's 2024 preliminary economic assessment (PEA) outlines robust project economics. The study projects average annual production of 101,000 ounces of gold over a 10-year mine life, with higher production of 124,000 ounces in the first five years. All-in sustaining costs are estimated at US$807/oz life-of-mine, dropping to US$739/oz in the first five years. At a US$2,000/oz gold price, the project demonstrates an after-tax NPV(5%) of $525 million and an IRR of 40.2%, with projected cumulative after-tax free cash flow of $767 million.Amex has two drill rigs currently operating on the property and is planning a balanced approach to its 2025 exploration program. The company will split its remaining funds equally between infill drilling to upgrade existing resources and exploration drilling to expand known zones and make new discoveries. The technical team is utilizing artificial intelligence and machine learning to identify the most promising targets in the unexplored 75-80% of the property.On the development front, Amex is evaluating several initiatives including a potential preliminary feasibility study and a bulk sample program similar to Osisko Mining's approach at their Windfall project. The company has also begun early-stage permitting work.Mid-tier producer Eldorado Gold holds a 9.9% strategic stake in Amex and provides quarterly technical guidance through regular meetings. While Amex is focused on advancing Perron independently, CEO Victor Cantore acknowledges the possibility of eventual acquisition interest from major miners given the project's high-grade nature and location in the mining-friendly Quebec jurisdiction.The investment thesis for Amex centers on its high-grade resource base, strong PEA economics, significant exploration upside, and strategic backing from Eldorado Gold. The company is operating in Quebec's Abitibi Greenstone Belt, a prolific gold region that has historically produced over 200 million ounces. With gold prices at multi-year highs and growing investor interest in development-stage companies, Amex appears well-positioned to deliver value through both resource growth and project advancement.Learn more: https://cruxinvestor.com/companies/amex-explorationSign up for Crux Investor: https://cruxinvestor.com
Finding a partner for your business should be as well-thought-out as finding a partner to marry!In today's episode of the Insider's Guide to Finance, we sit down with Jeremy B. Hill, the founder of JB Capital, to discuss his insights on private equity. Jeremy shares his journey in building relationships, emphasizes the importance of grit, humility, and delegation for leaders, and dives deep into the potential risks and rewards of private equity.Tune in to hear Jeremy's valuable insights on navigating the world of private equity and leadership!Check out some of our most popular episodes:Chicken S#!it CEOs w. Mogens Smed: https://bit.ly/3M7c4xCLeadership Lessons from Louis Vuitton, Samsonite, and Now, EVCP Growth Equity: https://bit.ly/3LN5GugCanada's Best Venture Partner w. Bruce Croxon: https://bit.ly/3ppCAt9Sign up for our free 5-part master class Investor Marketing 2.0: https://bit.ly/42C0FLWStay in the know and follow along:Connect with our host, Cory Cleveland on LinkedIn: https://bit.ly/3Lti42oVisit The Insider's Guide to Finance Website: https://bit.ly/3NO9qxQFollow us on LinkedIn: https://bit.ly/42grK7wPlease note that the information contained in this interview is not financial advice but for entertainment purposes. I am not a financial advisor and make no warranties or representations concerning the accuracy or suitability of the information contained in this interview. I recommend that any and all investment decisions be made with the advice of registered investment advisors.
Interview with Tara Christie, President & CEO of Banyan Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/banyan-gold-tsxvbyn-16000-meters-drilled-and-funded-through-2025-pea-on-7moz-gold-resource-5945Recording date: 4th February 2025Banyan Gold Corp. (TSXV:BYN) is advancing its AurMac gold project in the Yukon, which currently hosts 7 million ounces of gold. The company's recent drilling program has successfully identified higher-grade zones within the proposed starter pits, highlighted by intercepts including 1.6 g/t gold over 32 meters between the Powerline and Airstrip zones.The company is working to earn 100% ownership of AurMac and must complete an updated mineral resource estimate and preliminary economic assessment (PEA) in 2025 to satisfy the final earn-in requirements. While some recent high-grade drill results won't be included in this update due to timing constraints, CEO Tara Christie views the upcoming resource update and PEA as an interim snapshot, with significant potential for continued growth.Christie believes the deposit could expand to 10 million ounces with additional drilling. The company's technical team is currently evaluating drill targets to identify areas with the highest probability of adding high-grade ounces and expanding the mineralized footprint.Banyan is well-funded for its 2025 activities, having deliberately conserved cash in 2024 during challenging market conditions. The company plans to continue aggressive drilling while advancing engineering studies beyond the upcoming resource update and PEA.Currently trading at a market valuation of approximately C$63 million, Banyan's valuation of $5 per ounce of gold in the ground represents a substantial discount to its peers, who trade at US$30-50 per ounce. The company's share price suffered a 50% decline in June 2024 due to external market factors, but with gold prices reaching C$4,100 and improving market sentiment, Banyan appears well-positioned for a recovery.The macro environment remains supportive of gold equities, with factors including rising geopolitical tensions, elevated inflation, and increasing central bank gold purchases. The mining industry's improved capital discipline and the scarcity of large, developable gold deposits in stable jurisdictions further strengthen the investment case for companies like Banyan.With existing infrastructure including power lines and roads on the property, a substantial resource base in a mining-friendly jurisdiction, and multiple near-term catalysts, Banyan offers investors exposure to a rapidly advancing gold project with significant upside potential. The company's upcoming resource update and PEA in 2025 could serve as key catalysts for a market revaluation.View Banyan Gold's company profile: https://www.cruxinvestor.com/companies/banyan-gold-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Maura Kolb, President of Dryden Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/dryden-gold-tsxvdry-drilling-high-grade-gold-over-30-gt-in-the-heart-of-historic-gold-camp-6252Recording date: 30th January 2025Dryden Gold is ramping up exploration at its Gold Rock project in Northwestern Ontario, backed by a fully-funded $5.8 million budget for 2025. The company recently secured a strategic $3.38 million investment from Centerra Gold, providing strong validation of its systematic exploration approach and district-scale potential.Recent drilling at the company's Elora zone has yielded promising results, including intersections of 6 g/t Au over 12 meters. Unlike typical vein-hosted deposits in the region, mineralization at Elora occurs within shear zones, potentially indicating greater continuity and scale. The company's geological team has identified striking similarities between the Gold Rock camp and the prolific Red Lake district, particularly in structural controls and mineralization styles.Surface sampling across regional targets has produced impressive results, with values up to 34 g/t Au at the Hyndman target and historical samples reaching 617 g/t Au at Sherridon. The company has systematically prioritized these targets based on grade potential, size potential, and exploration feasibility.President Maura Kolb emphasizes the company's methodical approach to exploration: "Grade is always King, so that's forefront and foremost something we rate everything on." This disciplined strategy, modeled after major mining companies, has been instrumental in attracting strategic investment.Drilling is scheduled to resume February 10th, focusing on expanding the Elora zone both at depth and along strike. Current drilling reaches approximately 250 meters depth, with plans to test deeper extensions. Step-out drilling will target the northeast extension towards a historical high-grade mine that averaged 14 g/t Au, located approximately one kilometer along trend.The company has allocated 36% of its 2025 budget to test high-priority regional targets, providing multiple opportunities for discovery. This balanced approach between advancing the known Elora zone and testing regional targets aligns with Centerra Gold's investment mandate to pursue both brownfield and regional exploration opportunities.In a challenging market for junior explorers, Dryden Gold stands out with its strong treasury, systematic exploration approach, and strategic backing. The company's focus on high-grade gold in a premier jurisdiction, combined with its experienced management team and methodical approach to target generation, positions it well for potential discovery success in 2025.View Dryden Gold's company profile: https://www.cruxinvestor.com/companies/dryden-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with Daniel Major, CEO of GoviEx Uranium Inc.Our previous interview: https://www.cruxinvestor.com/posts/goviex-uranium-tsxvgxu-positioning-for-production-in-2028-5872Recording date: 29th January 2025Goviex Uranium (TSXV: GXU) presents a timely opportunity for investors to gain exposure to the next uranium bull market through its flagship Muntanga project in Zambia. With a recently completed bankable feasibility study (BFS) demonstrating robust project economics, Goviex is well-positioned to bring a significant new source of uranium production online just as the market is projected to swing into a widening supply deficit.The Muntanga BFS, released in January 2025, confirms the viability of a large-scale, low-cost, open-pit uranium mining operation. The study outlines a straightforward mining and processing plan, utilizing conventional open pit truck and shovel mining to feed an on-off heap leach circuit. Muntanga benefits from several key advantages that contribute to its strong economic profile:High-grade, near-surface mineralization hosted in soft, porous sandstones allows for low-strip-ratio mining and coarse crushing to a P80 of 25 millimeters. This reduces mining and processing costs compared to many other uranium projects.The on-off heap leach process achieves quick leach cycles and high recoveries exceeding 90%, further enhancing project economics. The leach circuit has been designed to handle Zambia's seasonal rainfall patterns, with multiple pads to optimize loading, leaching, rinsing, and unloading cycles.Ready access to key infrastructure, including roads, water, and hydroelectric power, streamlines project development and reduces initial capital costs. Goviex can focus its efforts and capital on the core mining and processing facilities.Mining permits have already been secured, significantly de-risking the project. The company expects to receive final environmental approvals within 6 months of submitting its environmental and social impact assessment, which is planned for the end of Q1 2023.Strong local community support provides Goviex with a social license to operate. The company is working closely with local stakeholders to implement a fair and equitable relocation plan for a small number of households, with the aim of maximizing employment and economic development opportunities for the wider community.With a robust BFS in hand, Goviex is now shifting its focus to securing project financing and long-term offtake agreements. The company is seeing strong interest from lenders, particularly South African banks that have recently returned to mining finance. Goviex is pursuing a mix of debt and equity financing, with the aim of minimizing dilution while maintaining a conservative capital structure.On the offtake front, Goviex is leveraging its relationships with global nuclear utilities to negotiate long-term contracts with pricing that reflects the emerging supply deficit in the uranium market. The company is taking a flexible approach to contracting, with a willingness to commit a portion of its production to market-related pricing mechanisms that provide exposure to rising spot prices.For investors, Goviex presents a compelling opportunity to gain leveraged exposure to the next leg up in the uranium market cycle. With a large, low-cost, advanced-stage project in a mining-friendly jurisdiction, Goviex is well-positioned to become a leading supplier of uranium as demand from nuclear energy grows. While risks remain, particularly around securing financing in a challenging market environment, the potential rewards for investors who position themselves ahead of the next uranium bull market are substantial.In conclusion, Goviex Uranium offers investors a unique opportunity to participate in the development of a world-class uranium deposit just as the market is poised for a significant upturn. With a strong project economics, an experienced management team, and a clear path to production, Goviex is a company to watch in the uranium space.—View GoviEx Uranium's company profile: https://www.cruxinvestor.com/companies/goviex-uraniumSign up for Crux Investor: https://cruxinvestor.com
Interview with Jean-Marc Lulin, President and CEO, Azimut ExplorationRecording date: 27th of January, 2025Azimut Exploration (TSXV: AZM), under the leadership of President and CEO Jean-Marc Lulin, is a Quebec-based mineral exploration company pursuing a diversified strategy across gold, antimony, nickel, copper, PGEs, and lithium. The company has built its portfolio through systematic project generation and strategic partnerships, maintaining one of the industry's lowest share dilution rates at just 2.2 million shares issued annually over its history.The company's flagship Elmer gold project hosts a near-surface resource of over 300,000 indicated ounces and 500,000 inferred ounces at approximately 2.0 g/t Au. Management sees significant potential to expand this resource and is considering bringing in a partner to advance the project.Azimut's recent Wabamisk antimony-gold discovery has emerged as a key focus, with a 5,000-meter drill program currently underway. The project shows promise for high-grade antimony mineralization near surface with potential for gold-rich zones at depth. Additionally, the company recently identified a promising lithium target on the Wabamisk property.The Kukamas nickel-copper-PGE project, under option to Polish mining giant KGHM, represents another significant opportunity. Initial drilling has returned promising results from Kambalda-style mineralization similar to deposits found in Western Australia. KGHM can earn a 70% interest by completing a preliminary economic assessment.Azimut's business model combines self-funded exploration with strategic partnerships, having signed 38 option agreements with 19 different companies to date. This approach helps mitigate exploration risk while maintaining significant upside potential for shareholders. The company currently maintains a strong financial position with approximately C$11 million in working capital.Looking ahead, Azimut has positioned itself to capitalize on both the battery metals boom and precious metals market through its diversified portfolio. The company's projects in Quebec, a mining-friendly jurisdiction, offer exposure to critical minerals needed for the global electrification trend, as well as traditional precious metals exploration.Azimut's systematic approach to project generation, combined with its disciplined capital management and strong partnerships, has created a solid foundation for potential discovery success. With multiple active drill programs planned and a well-funded treasury, the company appears positioned to deliver significant exploration catalysts in the near term while maintaining its commitment to minimal share dilution.Learn more: https://www.cruxinvestor.com/companies/azimut-explorationSign up for Crux Investor: https://cruxinvestor.com
Interview with Keith Barron, President & CEO of Aurania ResourcesRecording date: 21st January, 2025Aurania Resources, led by CEO Keith Barron, is advancing two strategic projects targeting critical metals in Ecuador and France. The company's flagship asset in southeastern Ecuador comprises a 200,000-hectare land package in the same mineral belt as the high-grade Fruta del Norte gold deposit, a previous discovery by Barron's team.The company has invested over $60 million in systematic exploration of its Ecuador properties, identifying multiple targets for gold, copper, silver, lead, and zinc mineralization. These include sedimentary-hosted copper deposits similar to those in the DRC, high-grade epithermal gold targets reminiscent of Fruta del Norte, and zones of silver-rich lead-zinc mineralization in limestones. A recent $200,000 induced polarization survey has been completed over a key gold target, with results pending.Aurania is actively engaging with major mining companies for potential partnerships to advance its Ecuador projects. However, these discussions are temporarily paused pending Ecuador's upcoming national elections. The current pro-mining government is expected to retain power, though political uncertainty remains. The U.S. government has shown strategic interest in Ecuador's critical metals potential, particularly in preventing these resources from being controlled by Chinese interests.In France, Aurania is pursuing an unconventional nickel opportunity on the island of Corsica. The project involves extracting nickel-rich black sands from beaches, which contain awaruite, a naturally occurring nickel-iron alloy. Preliminary sampling has yielded impressive grades of up to 50% nickel, significantly higher than conventional hard rock nickel mines. These deposits, formed from eroded ultramafic rocks and enriched by historical asbestos mining waste, present a unique opportunity for near-term production.The company plans to extract the nickel-rich sands using a simple dredging operation, with potential production targeted for 2026. The project aligns with Europe's push for domestic critical metal supply chains, particularly for the expanding electric vehicle battery sector. Aurania emphasizes the project's environmental advantages, noting it would produce "clean nickel" without the rainforest impact associated with traditional nickel mining in countries like Indonesia.The investment thesis for Aurania centers on its exposure to critical metals essential for the clean energy transition, experienced management team, and potential near-term cash flow from the Corsica project. Key catalysts include Ecuador's election results, geophysical survey results, potential partnership announcements, and advancement of the Corsica nickel project. While both projects remain speculative, they offer strategic positioning in the growing market for battery and clean energy metals.Learn more: https://cruxinvestor.com/companies/aurania-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Sam Spring, CEO, Kincora CopperOur previous interview: https://www.cruxinvestor.com/posts/kincora-copper-kcc-gold-explorer-pivoted-from-mongolia-to-australia-327Recording date: 17th of January, 2025Kincora Copper (TSXV:KCC) has successfully transformed its business model by adopting an asset-level funding strategy, securing partnerships for 5 of its 12 projects in response to challenging market conditions for junior miners. The company has unlocked up to $60 million in potential partner funding, with $3-3.5 million deployed in exploration activities during 2024.Operating in Australia's Macquarie Arc, a premier porphyry belt known for significant copper-gold deposits, Kincora is led by a technical team including John Holliday, an expert on the Macquarie Arc, and Peter Leaman, who has previous experience with major discoveries including Reko Diq in Pakistan.The company's strategic pivot began in 2019-2020 with a focus on the Macquarie Arc region in New South Wales. After consolidating 100% ownership of its projects by converting minority interests to the listed company level, Kincora has been able to structure partnerships with major mining companies. A notable example is their agreement with AngloGold Ashanti for the Nevertire and Mulla projects, where AngloGold can earn up to 80% interest by investing $50 million over seven years.The asset-level funding model allows Kincora to advance multiple projects simultaneously while minimizing shareholder dilution. The company maintains minority interests in partnered projects and receives management fees that help cover general and administrative costs. Recently completed partner-funded drilling of 7,000 meters represents significant progress in their exploration efforts.CEO Sam Spring anticipates near-term catalysts including initial drilling results and potentially larger partnership deals. With a current market capitalization of $10 million, the company sees potential for significant revaluation as exploration programs advance and new partnerships are secured. Looking ahead to 2025, Kincora targets $5-10 million in partner-funded exploration activities.The company's strategy aligns with broader industry trends, as major mining companies seek to replenish their project pipelines through partnerships with junior explorers. This shift comes as majors face challenges in organic exploration and increasing competition for producing assets. The arrangement benefits both parties: major miners gain access to early-stage discoveries while juniors receive funding and maintain upside exposure without excessive dilution.Learn more: https://www.cruxinvestor.com/companies/kincora-copper-limitedSign up for Crux Investor: https://cruxinvestor.com
Interview withChristopher Taylor, Chairman, Kodiak Copper& Claudia Tornquist, President & CEO, Kodiak CopperOur previous interview: https://www.cruxinvestor.com/posts/kodiak-copper-tsx-v-kdk-unlocking-a-premier-copper-gold-porphyry-project-in-british-columbia-6295Recording date: 17th of January, 2025Kodiak Copper Corp. (TSXV:KDK) is advancing toward a significant milestone at its MPD copper project in southern British Columbia, with plans to deliver its first mineral resource estimate (MRE) in 2025. The project, located in the prolific Quesnel Trough mining district, sits amongst established operations including Teck Resources' Highland Valley Mine and Copper Mountain Mining's Copper Mountain Mine.After six years of exploration and over 85,000 meters of drilling, the company will quantify mineralization across approximately seven of its ten identified zones. The MPD property, spanning 338 km², features two distinct porphyry clusters in the northern and southern sections of the property.President and CEO Claudia Tornquist emphasizes the MRE's importance in demonstrating the project's true scale to investors. The company's Chairman and Founder, Chris Taylor, whose previous success includes the C$1.8 billion sale of Great Bear Resources to Kinross, draws parallels between MPD and nearby producing mines like Copper Mountain and New Afton, which similarly developed from single discoveries into multi-deposit operations.Despite significant exploration progress, Kodiak's market capitalization remains at approximately C$30 million, notably lower than peer companies North Isle and Faraday Copper, which command valuations exceeding C$100 million. Management views the upcoming resource estimate as a potential catalyst for market revaluation while maintaining active exploration across the property.The company benefits from strong shareholder support, with Teck Resources as its largest shareholder. Its strategic position in the copper sector aligns with growing demand driven by global electrification and renewable energy trends, against a backdrop of constrained supply due to years of underinvestment in new mine development.Taylor notes the transformative potential of porphyry copper systems, stating that companies are "always one drill hole away from a $100 million market cap." While the resource estimate represents a crucial milestone, Kodiak remains committed to ongoing exploration, testing new targets and expanding known zones.The investment thesis centers on the upcoming resource estimate as a near-term catalyst, the project's strategic location in a proven mining district, continued exploration upside, and exposure to strengthening copper market fundamentals. With experienced management, strong institutional backing, and multiple potential catalysts ahead, Kodiak Copper aims to close the valuation gap with its more advanced peers while advancing the MPD project toward its full potential.Learn more: https://www.cruxinvestor.com/companies/kodiak-copper-corpSign up for Crux Investor: https://cruxinvestor.com
Interview with Troy Boisjoli, CEO, ATHA Energy CorpOur previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-advanced-north-american-uranium-project-6308Recording date: 17th of January, 2025ATHA Energy Corporation has emerged as a significant player in Canada's uranium sector, controlling the largest uranium exploration land package in the country with 8.5 million acres across the Athabasca and Thelon Basins. The company's flagship Angilak project in Nunavut Territory hosts a high-grade inferred resource of 43 million pounds U3O8 at 0.69% grade, comparable to Cameco's former Eagle Point mine.In 2024, ATHA completed a transformative year, executing a three-way merger with 92 Energy and Latitude Uranium while conducting an extensive exploration program at Angilak. The company drilled 10,000 meters across 25 holes, with each hole intersecting uranium mineralization and expanding the existing resource. Recent geophysical surveys have identified a 25-kilometer-long conductor trend, suggesting significant exploration potential.ATHA has outlined an exploration target of up to 98 million pounds at Angilak, positioning it potentially among the top five uranium projects in Canada. The company plans to focus 70% of its 2025 efforts on advancing Angilak while exploring its broader land package.According to CEO Troy Boisjoli, ATHA sees significant opportunity in the current market environment. The company's peer analysis shows uranium companies in the Canadian landscape trading at $6-12 per pound on an enterprise value basis, suggesting potential upside as ATHA advances its resource development.The broader uranium market context appears favorable, with growing nuclear energy adoption globally as countries pursue decarbonization goals. Supply constraints, following years of underinvestment, combined with increasing demand from major producers and new market participants like the Sprott Physical Uranium Trust, are creating bullish market conditions.The geopolitical landscape adds another dimension to ATHA's strategic position. With Russia and Kazakhstan controlling over half of global uranium supply, Western utilities are seeking alternative sources, enhancing the value of projects in stable jurisdictions like Canada.Looking ahead, ATHA's investment thesis rests on several pillars: its large, high-grade resource with expansion potential, tier-one asset potential at Angilak, extensive exploration upside across its land package, and exposure to rising uranium prices. The company's 2025 plans include resource expansion and development studies, which could serve as major catalysts for growth as the uranium market continues to strengthen.Learn more: https://www.cruxinvestor.com/companies/atha-energySign up for Crux Investor: https://cruxinvestor.com
Interview with Morgan Poliquin, President & CEO, Almadex MineralsOur previous interview: https://www.cruxinvestor.com/posts/almadex-minerals-tsxvdex-prospect-generator-with-16m-cash-nsrs-5276Recording date: 10th of January, 2025Almadex Minerals, under the leadership of President Morgan Poliquin, is positioning itself to discover large-scale copper-gold porphyry deposits in the Western United States. The junior exploration company has assembled a portfolio of six early-stage porphyry projects across Nevada, Arizona, Colorado, and New Mexico in 2024, marking a strategic shift from its previous 25-year focus in Mexico.The company employs advanced exploration techniques to identify potential porphyry deposits, focusing on detecting large zones of clay alteration that typically overlie these mineral systems. These clay alteration zones, known as lithocaps, can be identified from space and serve as markers for potential deposits beneath the surface. The company has already delineated such zones at its six key projects.A distinguishing feature of Almadex is its ownership of diamond drilling equipment and an experienced drilling team. This in-house capability provides both cost advantages and operational flexibility, allowing the company to conduct proof-of-concept drilling programs without the constraints of contractor agreements. The company can adapt its drilling plans based on results and execute shorter, targeted campaigns when needed.Entering 2025, Almadex is well-positioned with over $13 million in working capital. The company plans to drill one to two projects itself while seeking joint venture partnerships to advance other properties. Target refinement will continue through the first half of 2025 using mapping, sampling, and geophysical surveys.The company's exploration strategy aligns with current market conditions. With copper being crucial for clean energy transition and electrification, and gold serving as a safe haven in uncertain times, the demand for new discoveries remains strong. The scarcity of major copper and gold discoveries in recent years, combined with the strategic value of deposits in stable jurisdictions like the United States, enhances the potential value of Almadex's portfolio.Poliquin sees increasing market recognition of the sector's importance and expects growing interest in the company's verifiable portfolio of copper-gold targets in the United States. The company's investment thesis rests on its potential for world-class discoveries, technical expertise, cost-effective drilling capabilities, and strong financial position. As exploration activities ramp up in 2025, Almadex aims to capitalize on the favorable macro environment for copper and gold exploration while maintaining the flexibility to advance projects either independently or through partnerships.Learn more: https://www.cruxinvestor.com/companies/almadex-mineralsSign up for Crux Investor: https://cruxinvestor.com
Interview withAlex Black, Executive Chairman of Rio2 Ltd.Peter Akerley, President & CEO of Erdene Resource Development Corp.Recording date: 13th January 2025Two junior gold companies are approaching a significant transition from developers to producers, marking a rare success in the challenging mining sector. Erdene Resource Development and Rio2 Limited are both fully funded and on track to begin gold production, with their projects in Mongolia and Chile respectively.Erdene Resource Development is advancing its Bayan Khundii project in southwestern Mongolia, with first gold expected in Q3 2025. The company has partnered with Mongolian Mining Corporation to fund and develop what CEO Peter Akerley describes as a "multi-million ounce camp." With an after-tax NPV of US$170 million at $1,800 gold, the project shows strong economics despite Erdene's current market cap of around US$146 million.In Chile's Atacama Desert, Rio2 Limited is developing its Fenix Gold Mine, backed by Wheaton Precious Metals through a comprehensive funding package that includes $25 million in stream money, $100 million in pre-pay financing, $45 million cash in bank, and a $20 million cost overrun facility. The project hosts a substantial 5 million ounce gold reserve, with clear expansion potential.Both companies face similar market challenges despite their progress. Rio2's Executive Chairman Alex Black notes that despite their project's NPV of about $800 million at current gold prices, the company's market value remains under $200 million. However, Erdene has seen some market recognition, with its share price doubling since September 2024.Several factors support a positive outlook for gold mining development. Geopolitical instability, including Russia-Ukraine conflict and China-Taiwan tensions, reinforces gold's safe-haven status. Rising inflation and currency risks make gold an attractive hedge, while operating in countries with weaker currencies provides margin benefits for miners.The sector also faces supply constraints as miners struggle with depleting reserves and limited new discoveries. Environmental, social, and governance (ESG) pressures add another layer of complexity, as evidenced by Rio2's experience with environmental permitting in Chile.Both companies have positioned themselves for success through strategic partnerships and experienced management teams. While risks such as cost overruns, delays, and permitting challenges remain, their projects are largely derisked and fully funded. As they transition to producer status, both companies could see significant share price appreciation, though management emphasizes the importance of taking a longer-term view on these investments.Sign up for Crux Investor: https://cruxinvestor.com
Interview with Thomas Abraham-James, President & CEO of Pulsar Helium Inc.Our previous interview: https://www.cruxinvestor.com/posts/pulsar-helium-tsxvplsr-tapping-into-helium-shortages-with-flagship-us-project-4705Recording date: 14th January 2025Pulsar Helium, a dedicated helium exploration company, is advancing its flagship Topaz project in Minnesota, which has shown exceptional potential with helium concentrations up to 14.5%. The project, acquired in 2021 from a nickel exploration company that made the initial helium discovery, represents a significant opportunity in the North American helium market.The company recently completed deepening its Jetstream-1 discovery well from 2,200 feet to 5,100 feet, encountering additional helium-bearing reservoir rock. In parallel, Pulsar is drilling a second well, Jetstream-2, to further delineate the resource. The company employs air drilling technology, which allows faster penetration through the crystalline basement rock, though this method provides conservative estimates of helium concentrations due to dilution.Pulsar has partnered with Chart Industries, a multi-billion-dollar U.S. company, to design and engineer the processing facilities. The planned helium plant will be modest compared to typical natural gas facilities, focusing on separating carbon dioxide before processing helium through cryogenic distillation. The separated carbon dioxide could provide additional value, given the current U.S. shortage.The company aims to reach a final investment decision (FID) within 24 months, followed by an 18-month construction period before commencing production. This timeline aligns with favorable market conditions, as global helium demand continues to grow, driven by semiconductor manufacturing, MRI scanners, and space launch applications.A key market challenge Pulsar aims to address is the current industry's reliance on helium as a byproduct of natural gas production, which accounts for over 95% of global supply. This dependency creates inflexibility in the supply chain, as helium production is tied to natural gas extraction rather than market demand. When customers don't need the product, it's often wasted, venting into the atmosphere.Pulsar's strategic advantage lies in being a pure-play helium producer, offering dedicated production that can respond to market demands. With the U.S. Federal Helium Reserve winding down sales and domestic production declining, the company is positioned to capture market share in the evolving helium landscape.The project benefits from its location in Minnesota, a stable jurisdiction, and the high concentration of helium discovered. These factors, combined with the partnership with Chart Industries and the company's focused development strategy, present Pulsar Helium as a significant player in addressing the growing supply-demand gap in the U.S. helium market.View Pulsar Helium's company profile: https://www.cruxinvestor.com/companies/pulsar-heliumSign up for Crux Investor: https://cruxinvestor.com
Interview with Dan Noone, CEO of G2 Goldfields Inc.Our previous interview: https://www.cruxinvestor.com/posts/g2-goldfields-tsxvgtwo-aggressively-drilling-as-guyana-ma-heats-up-6029Recording date: 14th January 2025G2 Goldfields, a high-grade gold exploration company listed on the TSX Venture Exchange (TSXV:GTWO) and OTCQB (GUYGF), is advancing its gold projects in Guyana while preparing for significant corporate restructuring. The company's flagship Oko project, discovered in late 2019, has already established a resource of over 2 million ounces, with an updated estimate expected in Q1 2025 following an additional 58,000 meters of drilling.The company has announced plans to split its assets into two entities. The core G2 assets, which host the current resource, will be positioned for sale, while the regional exploration properties will be spun out into a new company called G3 Goldfields. Current shareholders will receive G3 shares on a 1:2 ratio, allowing them to benefit from both the potential G2 sale and ongoing exploration upside.G2's success in Guyana has attracted significant attention from major mining companies, with AngloGold Ashanti taking a 15% stake in the company. This investment validates both G2's assets and Guyana as an emerging mining jurisdiction. The country has seen increased interest from international miners, partly driven by Exxon's major oil discoveries that have raised Guyana's profile with American investors.In preparation for a potential sale, G2 is completing key milestones, including converting claims to prospecting licenses and updating its resource estimate. The company has already completed a year of environmental baseline studies to facilitate future permitting processes. CEO Dan Noone emphasizes the supportive nature of Guyana's government and the efficiency of its permitting system.The new G3 entity will control approximately 44,000 acres of property north of the main G2 project area, including several historic mine sites such as Peters and Aremu. G2 plans to provide G3 with $5-10 million in initial funding to support its first year of exploration activities, allowing the new company to create value before seeking additional capital.The company's strategy reflects a focused approach to creating shareholder value: developing and de-risking assets to the point of sale rather than becoming a mine operator, while maintaining exploration upside through the G3 spin-out. This dual-track approach, combined with Guyana's emergence as an attractive mining jurisdiction and strong institutional backing, positions G2 Goldfields shareholders to potentially benefit from both near-term asset monetization and ongoing exploration success.View G2 Goldfields' company profile: https://www.cruxinvestor.com/companies/g2-goldfieldsSign up for Crux Investor: https://cruxinvestor.com
Interview with Rajesh Sharma, President & CEO of Fancamp Exloration Ltd.Recording date: 8th January 2025Fancamp Exploration, a Canadian mineral exploration company, stands out in the junior mining sector with its robust financial position and diverse asset portfolio. The company currently maintains over $20 million in cash and marketable securities against a market capitalization of $17-18 million, effectively trading at a discount to its liquid assets.A cornerstone of Fancamp's portfolio is its 2.7 million share position in Champion Iron, valued at $15-17 million. The company has also secured a strategic position in the Ring of Fire region through a convertible debt instrument with KWG Resources, which earns 6% interest and can convert into a 10% equity stake, along with a 2% NSR royalty.In the critical metals space, Fancamp holds a 96% stake in The Magpie Mines Inc., which hosts what the U.S. Geological Survey recognizes as one of the world's largest undeveloped hard rock titanium deposits. This position aligns well with growing demand for titanium in aerospace, defense, and electronics applications.The company's recent focus has turned to copper-gold exploration in New Brunswick, where it has established a joint venture with Lode Gold Resources. This project is strategically located near Puma Exploration's property, where Kinross Gold has committed to invest $15-20 million in exploration. Fancamp has already raised $4 million in early 2024 to advance this initiative.Under CEO Rajesh Sharma's leadership, Fancamp has adopted a long-term value creation strategy, differentiating itself from peers who focus on short-term market movements. The management team and directors demonstrate their commitment through significant insider ownership, holding 24% of the company's shares.Fancamp's business model combines direct project ownership with equity investments and royalty interests, creating multiple potential value drivers. The company has structured its portfolio to maintain exposure to both precious and critical metals, positioning itself to benefit from growing demand in these sectors.With its strong balance sheet, diverse asset base, and experienced management team, Fancamp offers investors exposure to both established mining operations through its investments and exploration upside through its project portfolio. The company's focus on methodical development and strategic partnerships suggests a measured approach to creating shareholder value in the junior mining sector.View Fancamp Exploration's company profile: https://www.cruxinvestor.com/companies/fancamp-explorationSign up for Crux Investor: https://cruxinvestor.com
Interview with Alfred Stewart, Chairman, Director & VP Corporate Development of Searchlight ResourcesRecording date: 8th January 2025Searchlight Resources (TSX-V:SCLT), a Canadian exploration company, is advancing a diverse portfolio of rare earth, uranium, and gold projects in Saskatchewan's premier mining districts.The company's Kulyk Lake rare earth project in the Athabasca Basin has emerged as a significant discovery, with a 12-kilometer radiometric anomaly yielding surface samples grading up to 50% total rare earth oxides (TREO). According to Chairman Alfred Stewart, "Northern Saskatchewan is blessed with a large number of rare earth pegmatites and we have established a regional play in the Athabasca Basin area. All of these pegmatites are undrilled."The project's strategic value is enhanced by its proximity to the Saskatchewan Research Council's rare earth processing facility in Saskatoon, specifically designed to process monazite, the primary rare earth mineral found at Kulyk Lake. Recent exploration has identified a mineralized zone measuring 450 by 600 meters, with rock values exceeding $1,000 per tonne.Beyond rare earths, Searchlight controls the Flin Flon North gold project, which hosts four past-producing mines that historically produced around 10,000 ounces per year. The project, located just 5 kilometers from Flin Flon, benefits from existing infrastructure including a mill and tailings facility currently on care and maintenance. Historic work from 1989 outlined a resource of approximately 150,000 ounces.The company's uranium portfolio is anchored by the Duddridge Lake deposit, Saskatchewan's most southerly uranium deposit, acquired during the post-Fukushima uranium bear market. The project hosts a modest resource that remains open for expansion.Operating as a prospect generator, Searchlight aims to minimize shareholder dilution while advancing multiple projects simultaneously. The company maintains a low burn rate with just two key personnel, who are also major shareholders. Currently, Searchlight is in discussions with three different groups regarding their gold and uranium properties.The prospect generator model allows Searchlight to leverage its technical expertise in acquiring prospective ground, then seek larger partners to fund development in exchange for project interest. This approach provides investors with exposure to multiple commodities and discovery opportunities while managing exploration risk.With properties secured in one of the world's top mining jurisdictions, existing infrastructure advantages, and multiple pathways to value creation, Searchlight offers investors a unique opportunity to participate in Saskatchewan's resource sector resurgence.View Searchlight Resources' company profile: https://www.cruxinvestor.com/companies/searchlight-resources-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Jay Chmelauskas, President & CEO of Camino Minerals Corp.Recording date: 8th January 2025Camino Minerals is advancing its copper portfolio through a strategic acquisition in Chile while pursuing exploration success in Peru. The company has announced the acquisition of the fully permitted Puquios copper project in Chile through a 50/50 partnership with Nittetsu Mining, where Nittetsu will contribute cash for their half while Camino will pay in shares.The Puquios project is positioned for near-term production, with a timeline of 2-3 years from purchase to first copper output. The project will require 6-12 months for debt financing followed by a 24-30 month construction period. Based on historical definitive feasibility study work, Puquios is expected to produce 9,000 tonnes of copper per annum over a 10-14 year mine life, utilizing SX-EW processing to mine an enriched chalcocite-oxide resource.The project's development is significantly de-risked through the partnership with Nittetsu Mining, who will take over as operator once a production decision is made. Nittetsu brings valuable operational synergies, as they are currently building their own $400M copper mine just 50 kilometers from Puquios.In parallel, Camino is advancing its Los Chapitos copper project in Peru, where Nittetsu has already invested $7 million to earn a 35% stake. The company plans to resume drilling in January, targeting 11 high-priority targets. The property shows significant exploration potential, with two major deep-seated structures identified across its 12-kilometer length. The project's prospects have been further validated by mining giant Rio Tinto's recent staking of ground along the same structural extensions.CEO Jay Chmelauskas, who is personally taking a 10% stake in the company's current financing round, sees significant opportunity in the copper market. The company is positioning itself to capitalize on projected copper supply deficits driven by increasing demand from electric vehicles and renewable energy infrastructure.Puquios offers expansion potential beyond its initial mine plan, with a substantial sulphide deposit beneath the oxide resource that could be exploited through new leaching technologies. The company is also exploring opportunities to incorporate mineralization from local Chilean miners to extend the mine life.The project benefits from its location in Chile's copper-rich Antofagasta region, with excellent access to power, water, and transport infrastructure. With DFS updates expected by January 2025, Camino is on track to potentially begin construction in 2026, targeting first production by late 2027 or early 2028.View Camino Minerals' company profile: https://www.cruxinvestor.com/companies/camino-mineralsSign up for Crux Investor: https://cruxinvestor.com
Interview with Shane Williams, President & CEO of West Red Lake Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/west-red-lake-gold-mines-tsvxwrlg-nears-2025-production-at-flagship-madsen-gold-project-6485Recording date: 7th January 2025West Red Lake Gold Mines (WRLG) offers a rare and attractive investment opportunity as a near-term gold producer with a clear path to low-cost, high-margin production. The company's flagship Madsen Mine in the world-class Red Lake district of Ontario, Canada is on track to pour first gold in mid-2025 based on a recently completed pre-feasibility study (PFS). At a conservative gold price of US$2200 per ounce, the PFS demonstrates exceptional economics including an after-tax NPV5% of $315 million, average annual free cash flow of $70 million, and a rapid payback driven by a robust 255% IRR.One of the key differentiators for the Madsen project is the substantial infrastructure already in place. Previous operators invested over $450 million in underground development, a 600 tonne per day mill, and surface facilities prior to West Red Lake Gold's acquisition. As a result, the remaining capital to first production is estimated at only $95 million, a fraction of what comparable stand-alone development projects require. This unique aspect significantly de-risks the project from a financing standpoint and translates to a much quicker path to positive cash flow for investors.West Red Lake Gold Mines' management team has taken a disciplined and pragmatic approach to advancing the asset. Over the past 18 months, the company has effectively been operating in a pre-production environment, putting all the necessary systems and processes in place to ensure a smooth transition to commercial operation. The team's focus on operational readiness and proactive de-risking initiatives such as test mining, bulk sampling, and detailed definition drilling set West Red Lake Gold apart from many of its junior mining peers.While the PFS outlines an initial seven-year mine life at an average production rate of 67,500 ounces per annum, this only scratches the surface of the geological potential at Madsen. The mine plan is confined to three main zones near existing infrastructure and does not include a number of high-grade satellite deposits or the deeper 8 Zone which management views as a potential game changer. These areas offer ample opportunity to both expand the production profile and extend the mine life in the years ahead.West Red Lake Gold's strategic focus is on margin over volume. With all-in sustaining costs estimated at $1100 per ounce, Madsen is expected to generate robust 57% operating margins at current gold prices. Management sees tremendous opportunity to drive margin expansion over time by blending in high-grade feed from the 8 Zone and selectively toll milling ore from satellite deposits like the Rowan target which grades over 10 g/t gold. The company is also evaluating the use of ore sorting technology which has the potential to significantly upgrade head grades while reducing material movement and processing costs.The macro backdrop for gold is increasingly constructive. A faltering global economy, persistent inflation, and a reversal in the US dollar and real interest rate cycle are all supportive of higher bullion prices going forward. At the same time, the gold industry is facing a dearth of new development projects due to a lack of new discoveries, ESG permitting challenges, and inflationary capital pressures. Against this backdrop, West Red Lake Gold Mines represents a scarce and timely investment opportunity - a high-margin, fully-permitted development asset in a tier-one jurisdiction with a clear path to near-term cash flow.—Learn more: https://cruxinvestor.com/companies/west-red-lake-gold-minesSign up for Crux Investor: https://cruxinvestor.com
Interview with Andrew Thomson, President & CEO of Palamina Corp.Recording date: 20th December 2024Palamina Corp (TSXV:PA), a Canadian junior mining company, is focused on making significant gold discoveries in Peru's under-explored Puno Orogenic Belt. The company has recently completed a 2,300m drill program at its flagship Usicayos project, where it encountered high-grade gold intercepts of up to 24 g/t.Led by President Andrew Thompson, an entrepreneurial geologist who has successfully sold eight companies including Soltoro Ltd. to Agnico Eagle, Palamina benefits from a highly experienced management team. The company has strategically assembled a large land package comprising seven gold and copper-silver exploration projects in the Puno Belt, an area attracting increasing interest from major mining companies.The company's recent progress includes constructing a new access road to the Usicayos project, which is expected to help reduce drilling costs to $300/m compared to the $600/m average in Nevada. This cost advantage positions Palamina to accelerate its resource definition efforts when drilling resumes in 2025.Beyond its gold assets, Palamina is developing a significant copper-silver portfolio. The company plans to spin these assets into a separate subsidiary to maximize shareholder value. A key asset in this portfolio is the Pluma project, acquired from Aurania Resources in September 2024, which lies along trend from copper-silver deposits being explored by Hannan Metals.The company also holds strategic land positions in the Santa Lucia district, near Aftermath Silver's Berenguela copper-silver project. This district has attracted significant investment from major mining companies and could provide additional value through discovery or strategic partnerships.Palamina's investment case is strengthened by its tight share structure and the backing of prominent resource investor Eric Sprott, who owns 12.3% of the company. With a market capitalization below C$11 million, the company appears undervalued relative to its asset portfolio and upcoming catalysts.Near-term catalysts include ongoing drill results from both the Usicayos project and its 15.4%-owned Gaban project being advanced by Winshear Gold. The company is also positioned to benefit from potential copper-silver discoveries by other companies in the district.Operating in Peru, Palamina benefits from the country's supportive stance toward mining and recently streamlined permitting processes. With no national elections until 2026, the company enjoys a stable operating environment to advance its projects. Despite the current challenging market for junior miners, Palamina's strategic position in an emerging mineral belt, combined with its experienced management and strong financial backing, presents an interesting opportunity for investors seeking exposure to both precious and base metals.
Interview with Kiran Patankar, President & CEO of Maple Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/maple-gold-mines-tsxvmgm-100-ownership-of-3moz-quebec-gold-project-with-major-producer-backing-5946Recording date: 20th December 2024Maple Gold Mines (MGM) has established itself as a notable player in Quebec's prolific Abitibi greenstone belt with its flagship Douay Gold Project, which hosts over 3 million ounces of pit-constrained gold resources. The company's resource base comprises 75% inferred and 25% indicated resources, supported by extensive historical drilling of over 250,000 meters.The company recently consolidated 100% ownership of a substantial 400-square-kilometer land package along the Casa Berardi Deformation Zone. This strategic holding includes the past-producing mine that historically produced high-grade gold at 6-10 g/t over a 20-year period. The Douay deposit itself spans 6 kilometers by 2 kilometers and straddles a first-order structure known for hosting significant gold deposits.Under the leadership of CEO Kiran Patankar, MGM has outlined an ambitious growth strategy for 2025. The company is launching a 10,000-meter drill program in January 2025, targeting both resource expansion and new discoveries. Management aims to grow the resource beyond 4-5 million ounces while advancing technical studies to demonstrate the project's economic viability.Notably, MGM maintains a strategic relationship with major producer Agnico Eagle, providing significant validation of the asset's potential. While the company has consolidated 100% ownership, this partnership offers valuable operational expertise and strategic alignment.From a valuation perspective, MGM appears notably undervalued with an EV/oz of C$4 compared to recent regional transactions, such as the O3 Mining takeout at C$75/oz. The company is fully funded for the next 12-18 months of exploration and development activities, with plans for an updated resource estimate in the second half of 2025, followed by a preliminary economic assessment.The investment thesis is strengthened by favorable macro conditions in the gold sector, driven by geopolitical tensions, inflation concerns, and strong central bank buying. The scarcity of large-scale gold assets in tier-1 jurisdictions further enhances MGM's strategic position.With its significant resource base, district-scale exploration potential, strong strategic backing, and clear development pathway, Maple Gold Mines is positioned to capitalize on the robust gold market fundamentals while systematically advancing the Douay project toward a potential development decision or strategic transaction.
Interview with Terry Lynch, CEO of Power NickelOur previous interview: https://www.cruxinvestor.com/posts/power-nickel-tsxvpnpn-unearthing-a-high-grade-polymetallic-gem-in-quebecs-james-bay-region-5925Recording date: 19th December 2024Power Nickel (TSXV:PNPN) has electrified the market with a major new nickel-copper-PGM discovery at its NISK project in Quebec. The company was originally exploring NISK for its high-grade nickel potential, but a wild step-out hole 5.5 km away hit a massive sulfide zone grading 1.5% copper and nearly 1 oz/ton platinum group metals (PGMs) over 8 meters. Subsequent drilling has traced this Lion Zone over 500 meters of strike length and to 500-600 meter depth, with exceptional grades of up to 7% copper equivalent over significant widths.CEO Terry Lynch believes they are just scratching the surface of a large mineralized system. "For every ton of copper sulfide you find, you find between 2-7 tons of nickel sulfides underneath, with an average of around five," he explained in a recent interview. "If we find 10, 15, 20 million tons of copper sulfide, ordinarily one would expect somewhere between 40 to 100 million tons of nickel sulfide. It's going to be big."Power Nickel already has an estimated 5-7 million tons grading 5-7% copper equivalent at Lion based on about 10,000 meters of drilling. The current 30,000 meter program aims to triple that to 15-20 million tons in 2025. Three drill rigs are turning now with a steady flow of assay results expected to start in January.The company is well funded after raising C$20 million in a financing anchored by mining magnate Robert Friedland and other billionaire backers including Rob McEwen. Power Nickel has also seen strong interest from major mining companies who are eager to secure new supplies of critical minerals like nickel and copper.Metallurgical studies are a key focus for 2025 to determine the best way to economically recover all the valuable metals in this polymetallic deposit. CEO Lynch is optimistic they can achieve good recoveries based on discussions with Friedland who has extensive experience with similar deposits in South Africa.The blue sky potential for Power Nickel is to have a world-class discovery on its hands, in the same league as giant camps like Norilsk, Voisey's Bay or Sudbury. Even at this relatively early stage, analysts ascribe a value of roughly C$100 million to the Lion Zone discovery. Lynch sees potential for a 10-bagger or more. "All great deposits get paid and this will be a great deposit," he affirmed. "Our shareholders will get what they deserve."With a monster discovery shaping up, a strong Quebec address, and lots of news flow on tap, Power Nickel has all the ingredients to charge up your mining portfolio. Drill results and metallurgy news in 2025 could provide the jolt to power shares significantly higher.
Interview with Derek Iwanaka, VP Investor Relations & Corporate Development of BeMetals Corp.Recording date: 19th December 2024BeMetals Corp (TSXV:BMET) is emerging as a noteworthy player in copper exploration, with its flagship Pangeni Copper Project in Zambia's Central African Copperbelt. The project, spanning 575 km2, is strategically located near major producing mines operated by First Quantum and Barrick.The company has made significant progress at its D Prospect, where recent drilling has yielded consistent copper grades averaging between 0.35% to 0.74% copper. Their initial discovery hole, completed in late 2023, intersected approximately 17 meters of 0.7% copper. The exploration program employs a systematic approach, using airborne magnetics and aircore drilling before proceeding to core drilling.BeMetals is backed by strong strategic partners, with B2Gold holding a 24% stake and JOGMEC funding 28% of Zambian exploration costs. The company operates on focused budgets of around $3 million per phase, allowing for targeted drilling programs of fewer than 10 holes each.The management team brings substantial industry experience, led by CEO John Wilton, known for discovering the 2-million-ounce Otjikoto gold deposit in Namibia. The board includes notable mining figures such as B2Gold CEO Clive Johnson and Tom Garagan, discoverer of the 7-million-ounce Kupol deposit in Russia.While copper exploration in Zambia is the primary focus, BeMetals maintains 100% ownership of five gold projects in Japan, providing additional opportunity in one of the world's most underexplored high-grade gold jurisdictions. These assets, which include a past-producing mine, have already seen several million dollars of investment and carry minimal holding costs.Currently valued at under C$12M market capitalization, BeMetals offers investors exposure to both the growing copper market and high-grade gold potential. Near-term catalysts include assay results from recent drilling at the D Prospect expected in Q1 2025 and a planned 3,000m step-out drilling program aimed at expanding the mineralized footprint.The company's Zambian focus is particularly timely as global copper demand increases, driven by the green energy transition. The Central African Copperbelt, with its endowment of over 5 billion tonnes of copper, represents one of the world's premier mining jurisdictions. Zambia itself offers a stable operating environment, with a long mining history and well-established infrastructure.BeMetals presents an opportunity to gain exposure to copper exploration in a tier-one jurisdiction, backed by experienced management and strong strategic partners, with additional optionality through its Japanese gold portfolio.View BeMetals' company profile: https://www.cruxinvestor.com/companies/bemetals-corpSign up for Crux Investor: https://cruxinvestor.com
Revival Gold (TSXV:RVG) is strategically assembling a sizable gold portfolio across two historically productive U.S. projects, with a phased development approach designed to maximize value creation and mitigate risk for investors.The company's 2024 acquisition of the 1.6Moz Mercur project in Utah was transformative, complementing Revival's existing 4.6Moz mineral resourced flagship Beartrack-Arnett project in Idaho. The deal boosted Revival's total resource base to an impressive 6.2Moz, with both assets located in attractive brownfield jurisdictions.Revival's disciplined strategy focuses on leveraging existing infrastructure to fast-track development timelines and reduce execution risk and capex. CEO Hugh Agro emphasized, "We've got infrastructure, power line, road, water access, lots of technical data which saves us money but importantly it also saves us time."Agro, a 35-year industry veteran, is taking a page from the Australian mining playbook in carefully staging Revival's development plans. Initial capex is estimated at a relatively modest $200M or less for Mercur, with the project now advancing through a PEA. "We can grow sequentially into the next and subsequent phases for lower capital through self-generated cash flow and for lower risk," he explained.This measured approach stands in contrast to many single-asset developers struggling to finance mega-projects relative to their market caps. Agro put it bluntly: "A billion dollar project on a $60 million market cap is an awful tough thing to deliver." Revival is targeting initial production within approximately three years.Importantly, Revival has maintained significant exploration upside across its portfolio. The company bolstered its exploration team in 2024 with the addition of proven mine-finder Dan Pace as Chief Geologist. "Scale matters because scale is what attracts larger institutions and corporates to companies like ours," Agro noted, adding that this expanded technical capability will be going to vault Revival's exploration story and business case into a new paradigm.Institutional investors have taken notice, with top resource funds accumulating a combined 40% ownership stake in Revival. Agro credits the company's compelling portfolio and disciplined strategy for attracting sophisticated long-term backers who understand the opportunity.Looking ahead, Agro believes Revival is well-positioned for a rising gold market with a number of bullish fundamental drivers emerging. He sees substantial value in Revival's growing, developable resource base in secure U.S. jurisdictions. "Our asset just goes up in value with time. The value of the gold in the ground only goes up. We're not producing something that will depreciate in value. Time is really on our side."While acknowledging the challenges of raising capital in the current market, Agro is confident that Revival's unique attributes will continue to attract investors. "If we mind our knitting, do good work with putting these projects together, we will be rewarded. I feel very excited about 2025, not just because of the steps we've taken in 2024 to adapt to market conditions, but really from the foundational steps when we first got Revival Gold started - this phased approach, staying in good geography, focusing on scale."Overall, Revival Gold appears to be systematically executing a focused strategy to build a sizable U.S. gold company anchored by a 6.2Moz resource base across two historically productive projects. With a veteran CEO, growing institutional backing, and a disciplined phased development approach, Revival is positioning itself to generate significant returns for investors in a rising gold market.
© 2020-2025 Ivy Podcast Discovery LLC
