Podcasts about tsx v

Interview with Eric Zaunscherb, Chairman, Critical Elements LithiumOur previous interview: https://www.cruxinvestor.com/posts/critical-elements-lithium-tsxvcre-high-value-rose-project-on-the-path-to-fid-3510Recording date: 16th June 2026Critical Elements Lithium is positioning itself as a standout developer in the recovering lithium sector, anchored by its fully permitted Rose Lithium-Tantalum project in Quebec. Unlike many peers, the company has already cleared two major development hurdles: environmental approvals and a formal agreement with the Cree Nation. This significantly shortens its path to production and reduces execution risk.A 2023 feasibility study outlines robust project economics, including annual production of 200,000 tonnes of spodumene concentrate, a net present value of US$2.2 billion, a 66% internal rate of return, and a rapid 1.8-year payback period. These estimates are based on conservative pricing assumptions below current market levels, suggesting additional upside as lithium prices recover.Beyond its flagship asset, Critical Elements is actively advancing exploration at the nearby Rose West discovery. Early drilling has already expanded the deposit footprint multiple times, and ongoing work is expected to further grow the resource. Importantly, Rose West can be integrated into the existing project without requiring separate permitting, potentially enhancing long-term production and project value.The company also holds a strategic 20% carried interest in the Nisk Joint Venture, alongside equity in partner Power Metallic. This exposure provides additional upside through a polymetallic discovery that is not fully reflected in Critical Elements' current valuation.Despite its strong fundamentals, the company trades at a significant discount to peers and analyst targets, largely due to uncertainty around project financing. However, with a well-defined asset, supportive infrastructure, and multiple growth drivers, Critical Elements is positioned for a potential re-rating as the lithium market improves and financing clarity emerges.Learn more: https://www.cruxinvestor.com/companies/critical-elements-lithiumSign up for Crux Investor: https://cruxinvestor.com

Interview with Farhad Abasov, Chairman, Millennial PotashOur previous interview: https://www.cruxinvestor.com/posts/millennial-potash-tsx-vmlp-the-worlds-next-low-cost-potash-producer-6383Recording date: 15th June 2026Millennial Potash is advancing a large-scale potash project in Gabon that it positions among the world's largest undeveloped deposits. The company has defined an estimated 6 billion tonnes of measured, indicated, and inferred resources from drilling across just 4% of its 1,500 square kilometer licence area, leaving significant potential for further expansion. This scale, combined with a relatively low projected cost structure and proximity to key agricultural markets, underpins the project's investment appeal.A central component of the project's development is support from the US International Development Finance Corporation (DFC), which has provided a $3 million grant for feasibility work and may offer construction debt financing, subject to project milestones. Additional backing from US government entities reflects growing strategic interest in diversifying global potash supply, which is currently concentrated among a small number of countries. Millennial aims to complete feasibility and environmental studies by early 2027, secure full financing by mid-2027, and begin construction later that year using solution mining, a lower-capex method than traditional underground mining.The company is targeting a capital structure with 60–65% debt to limit equity dilution and is seeking off-take agreements tied to upfront financial participation rather than simple purchase contracts. At the same time, management is exploring strategic partnerships or acquisition opportunities, drawing on its track record of selling previous potash projects to major industry players.Infrastructure development, including access to an existing port and a proposed deepwater facility, could support scaling production from an initial 800,000 tonnes annually to as much as 4–5 million tonnes over time. Positioned near underserved African markets and major importers like Brazil, the project aligns with broader trends toward supply diversification in the global fertilizer sector.Learn more: https://www.cruxinvestor.com/companies/millennial-potash-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Alan Carter, President & CEO of Cabral Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-undervalued-investment-series-with-alan-carter-9745Recording date: 16th June 2026Cabral Gold is nearing production at its phase one heap leach operation in the Cuiu Cuiu gold district in northern Brazil, with construction more than 70% complete and on track for commissioning in the third quarter of 2026 and commercial output in the fourth quarter. The project is fully funded through a 353 kg gold loan (approximately $45 million) from its largest shareholder, carrying a 39-month term and 10% interest, with repayments beginning at the end of 2026.The operation is designed to process 3,000 tons of ore per day from near-surface, free-digging oxide material, which avoids the need for drilling, blasting, and complex processing. This contributes to relatively low operating costs and strong projected economics. Despite rising diesel prices and a stronger Brazilian real, the company estimates margins of $3,000 per ounce at current gold prices, with first-year production expected to reach 25,000 ounces.Infill drilling across approximately 160 holes has largely confirmed the resource model outlined in the 2025 preliminary feasibility study, with some higher-grade results, including an intercept of 25 metres at 7.5 g/t gold from surface. Early mining grades are expected to exceed life-of-mine averages, further supporting near-term profitability.Beyond initial production, Cabral is advancing a broader district-scale strategy. The company now controls six known deposits, up from three in 2022, and is actively drilling with six rigs to expand its resource base, targeting an updated estimate by the end of 2026. Notably, around 75% of the district's gold is believed to lie in hard rock beneath the oxide layer, forming the basis for a larger phase two development.Cabral's approach emphasizes self-funded growth, using cash flow from phase one to support expansion, reducing reliance on equity dilution while maintaining exposure to significant exploration upside.Learn more: https://www.cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

Exploring Mining host Cali Vanzant sits down for a follow-up podcast with Kevin Reid, President & CEO of Arizona Eagle Mines (TSX-V: AZEM). Kevin provides updates on the company's successful TSX-V listing as AZEM, upsized $8.6M financing at $1.10 per share, and strategy to acquire three past-producing high-grade silver mines along the McCabe trend—nearly doubling strike length with potential VMS deposits in mining friendly Yavapai County, Arizona. He discusses strong balance sheet with , and approximately 50% insider/management ownership (27M shares), high-grade gold drill results at the past-producing McCabe Mine, and district-scale precious metals assets on patented ground with existing infrastructure.About Kevin Reid, President and CEO, DirectorMr. Reid has a BSc. Honours in Geological Sciences from Queen's University, Kingston, and an MBA in Finance from the Schulich School of Business, Toronto. Mr. Reid has over 20 years of capital markets experience, beginning in the Equity Research department at CIBC World Markets in 2002, and then at both GMP Securities and Maxit Capital as a Managing Partner in the Investment Banking departments. Mr. Reid has acted as the lead advisor on numerous equity, debt and merger and acquisition transactions.About Arizona Eagle Mining Corp.Arizona Eagle is a mineral exploration company focused on the acquisition, exploration and development of mineral properties. Arizona Eagle's principal asset is the Eagle Project, a 4,169-acre property comprised of patented and unpatented claims located near the town of Prescott Valley in Yavapai County, Arizona. The Eagle Project is centered on the past-producing McCabe Mine, a high-grade gold-silver deposit, and includes multiple parallel structures hosting past-producing mines that remain largely untested by modern drilling. While Arizona Eagle's primary focus is on the exploration and development of the Eagle Project, it will continue to own Core Nickel's land portfolio in the Thompson Nickel Belt of northern Manitoba. https://www.arizonaeaglemining.com/ About Investorideas.com - Big Investing Ideas Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all.Disclaimer/Disclosure: This podcast and article featuring Arizona Eagle Mining is paid for content as part of a monthly featured mining stock service (payment disclosure). Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This is not investment opinion. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp Follow us on X @investorideas @Exploringmining

Interview with Keith Boyle, CEO & Director of New Found GoldOur previous interview: https://www.cruxinvestor.com/posts/new-found-gold-tsxvnfg-fully-funded-drill-program-for-2026-10527Recording date: June 9th 2026New Found Gold Corp (TSXV: NFG | NYSE-A: NFGC) is advancing two gold projects in Newfoundland and Labrador, Canada. Its flagship Queensway Gold Project hosts a NI 43-101 resource of 1.39 million ounces of indicated gold at 2.40 g/t and 0.608 million ounces of inferred gold at 1.77 g/t. The Hammerdown Gold Project, acquired in 2025, provides access to the Pine Cove Mill, a fully permitted, operational processing facility that will receive Queensway Phase 1 ore from Q4 2027, with commercial production targeted for 2028.Hammerdown is in the final stages of its ramp-up to commercial production, defined as sustained 700 tonne-per-day throughput with consistent grade from the open pit. At steady state, the operation is projected to generate $40 to $50 million per year in free cash flow at an AISC of approximately $2,500 per ounce - sufficient to cover corporate overhead and fund the exploration program. The Pine Cove Mill is being doubled in throughput capacity as part of the Phase 1 capital program, removing the need for a separate processing facility at Queensway. A $220 million financing package closed in April 2026 funds Phase 1 construction, with $148 million in cash and marketable securities held as of May 2026.Queensway Phase 1 targets approximately 100,000 ounces per year in the first two years at grades of 12 to 12.5 g/t and an AISC of around $1,300 per ounce. The PEA's base case at US$2,500 gold shows an after-tax NPV of C$743 million, an IRR of 56%, and payback of under two years. The operational team being assembled at Hammerdown, including newly promoted General Manager of Mines Mark Ross, will transfer directly to Queensway.A 90,000-metre drill program is underway across a 110-kilometre land package, with the Dropkick zone, returning intercepts of up to 42.79 g/t Au over 14.95 metres and excluded from the current MRE, among the key targets. An updated resource estimate incorporating Dropkick is expected in 2026.—Learn more: https://cruxinvestor.com/companies/new-found-goldSign 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-building-americas-primary-helium-supply-9105Recording date: 8th June 2026Pulsar Helium (TSXV:PLSR) sits at the intersection of a structural commodity supply crisis and an accelerating domestic US critical minerals agenda. The company is developing the Topaz helium project in northern Minnesota, a primary helium resource that does not depend on natural gas production economics, carries an average helium concentration of 8.1% across seven drilled wells, and is now backed by a completed regulatory framework, a major US engineering partner, and production-ready drilling scheduled for September 2026.More than 95% of global supply is produced as a byproduct of natural gas processing, which means output cannot be increased in response to price signals. When a major production node goes offline, the market has no rapid self-correcting mechanism. Two major nodes are now offline simultaneously. The closure of the Strait of Hormuz to container shipping has cut Qatar's export route — Qatar historically supplying approximately 35% of global helium. Russia, contributing a further 10%, has introduced export controls. The combined disruption has removed approximately 45% of global helium supply from the market. The CEO of QatarEnergy has indicated that restoring full production capacity could take three to five years. US customers are already reporting order allocations of 50% of typical volumes, with premiums on top.Against this backdrop, Topaz's geological profile is genuinely differentiated. The project was identified following an accidental discovery during nickel and copper exploration drilling, when a drill hole returned helium concentrations between 10-12% and is among the highest ever recorded. Since listing via IPO in the third quarter of 2023, Pulsar has drilled seven wells across the project area. All seven encountered gas. The current average concentration of 8.1% places Topaz in an entirely different grade regime from conventional byproduct production and makes primary extraction commercially viable as a standalone helium operation.The regulatory picture has materially improved. Minnesota had no prior framework for gas production. In 2024, the state legislated helium as a regulated commodity. In June 2026, the operational regulations were finalised — a process driven substantially by Pulsar's own work at Topaz. The removal of this non-geological risk represents a meaningful de-risking event for the project's development timeline.The confirmation of Helium-3 at Topaz adds a longer-horizon dimension. Helium-3 has applications in quantum computing and fusion research and is currently transferred between US government agencies at approximately US$18.7 million per kilogram. No commercial separation process exists at scale yet, and management has been measured in how it frames characterising Helium-3 as the cherry on top whilst keeping Helium-4 production as the operational priority. That framing is appropriate, but the optionality is real.The risk profile is consistent with a development-stage company. The resource has not yet been independently quantified at full scale. The economic assessment is pending. Production-ready well drilling has not yet commenced. Investors should size positions accordingly. But for those with the risk appetite for early-stage resource exposure, the combination of a 100% drilling success rate, a completed regulatory framework, a confirmed supply crisis with a multi-year recovery horizon, and an engineering partner already at work makes the near-term catalyst pathway unusually clear.View Pulsar Helium's company profile: https://www.cruxinvestor.com/companies/pulsar-heliumSign up for Crux Investor: https://cruxinvestor.com

Interview with Glenn Jessome, President & CEO of Silver Tiger Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/silvers-designation-opens-support-pathways-as-advanced-projects-target-2026-milestonesRecording date: 6th June 2026Silver Tiger Metals has reached a major milestone at its El Tigre project in Sonora, securing the first Mexican construction permit granted to a foreign mining company since 2019. Now over three months into building a high-margin heap leach silver and gold mine, the project is fully funded by a recent USD 60 million financing round. With earthworks underway and a 50-person camp operational, the build currently remains ahead of schedule. Management anticipates the first doré pour by December 2027, officially transitioning the firm from a development-stage company into a near-term producer.The financial projections for El Tigre are highly compelling. At current spot prices, the surface heap leach mine boasts a standalone after-tax net present value of roughly USD 800 million, an internal rate of return of 92 percent, and generates USD 100 million annually over an initial 10-year life. Crucially, the company also released an assessment for an adjacent underground mine featuring a 15-year lifespan and a USD 830 million valuation. Unlike many Mexican epithermal deposits where surface mining blocks deeper extraction, El Tigre's underground ore body lies entirely outside the surface footprint. This spatial advantage allows both operations to run concurrently, sharing infrastructure and drastically reducing the initial capital expenditure for the underground expansion.Beyond the established plan, Silver Tiger is aggressively pursuing exploration upside. Drilling has resumed on northern veins located 700 meters away, targeting an additional three million tonnes of silver equivalent. This expansion could nearly double the underground resource. Despite a recent dip in share price, the company views its current valuation as a massive discount to the combined theoretical project value of up to USD 1.8 billion. As the December 2027 production target approaches and debt providers actively compete to offer favorable financing terms, Silver Tiger is uniquely positioned to capitalize on a generational peak in precious metal prices.Learn more: https://www.cruxinvestor.com/companies/silver-tiger-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Arturo Préstamo Elizondo, Executive Chairman & CEO of Santacruz Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/santacruz-silver-mining-tsxvscz-undervalued-investment-series-with-arturo-prestamo-10185Recording date: 9th June 2026Santacruz Silver Mining entered 2026 with improving operations, rising financial strength, and a clearer path to growth across its Bolivian and Mexican assets. In the first quarter, the company produced about 2.3 million silver-equivalent ounces, including 1.3 million ounces of silver and roughly 21,000 tonnes of zinc, alongside smaller lead and copper output. Stronger silver prices and better operating performance helped drive a solid financial quarter, with management expecting production to rise further in the second quarter.The company's most important near-term focus is the Bolivar mine in Bolivia, where excess water in key mining zones has limited access to high-grade silver areas. Santacruz is carrying out a dewatering program to restore output from the Pomabamba and Nena veins, with a goal of returning to budgeted production levels by the fourth quarter of 2026. Management believes this recovery will not only lift silver volumes but also lower mining costs at one of its most important assets.Despite more than a month of political unrest in Bolivia tied to tensions between President Luis Arce and former President Evo Morales, Santacruz says its operations have remained on budget and uninterrupted. The company has reduced risk by storing key supplies in advance and using rail for most concentrate shipments, limiting exposure to road blockages.Santacruz is also positioning itself for the next phase of growth. It expects to move from the TSX Venture Exchange to the TSX main board within weeks, a step intended to improve liquidity and attract a broader investor base. Management also plans to launch a share buyback, signaling confidence that the market undervalues the business. Beyond Bolivar, the company is advancing Soracaya, a brownfield Bolivian asset with a strong silver profile, as its main medium-term growth project in a silver market supported by persistent supply deficits.View Santacruz Silver Mining's company profile: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Interview with Heye Daun, President & CEO of Koryx CopperOur previous interview: https://www.cruxinvestor.com/posts/koryx-copper-inc-tsxvkry-institutional-capital-backs-haib-development-pfs-by-year-end-9455Recording date: 4th June 2026Koryx Copper is advancing the Haib copper-molybdenum-gold project in Namibia into what could become one of the world's significant long-life copper operations. The company is targeting annual production of approximately 120,000 tonnes of copper, with a mine life exceeding 30 years, positioning Haib among a limited group of large-scale development-stage projects globally.A major shift in the project's economics comes from the introduction of coarse particle flotation (CPF), a proven processing technology that enables early rejection of about 25% of low-grade material while losing only a small fraction of contained copper. This significantly increases the effective grade of processed ore, lifting copper equivalent grades to around 0.5% in the first decade—well above historical perceptions of Haib as a low-grade deposit.Koryx has also simplified the flowsheet by eliminating heap leaching and moving to a fully flotation-based system. This change not only reduces operational complexity but allows recovery of molybdenum and gold byproducts, adding roughly 15% to project value. Combined with an improved strip ratio and optimized mine plan, these enhancements are expected to increase net present value and key economic metrics by 20–30%.The project will require an estimated $1.8 billion in capital expenditure, making a strategic partnership the most likely development path. Koryx is actively engaging potential partners, including major mining companies, commodity traders, and institutional investors, with joint ventures or acquisition scenarios viewed as probable outcomes.Located in Namibia, a stable and mining-friendly jurisdiction, Haib benefits from established infrastructure, regulatory clarity, and access to power and water resources. With global copper demand rising due to electrification trends and limited new supply, Haib's scale, improved economics, and long mine life position it as a compelling asset in the evolving copper market.View Koryx Copper's company profile: https://www.cruxinvestor.com/companies/koryx-copperSign up for Crux Investor: https://cruxinvestor.com

Interview with Janet Lee Sheriff, Director & CEO of Verdera EnergyOur previous interview: https://www.cruxinvestor.com/posts/verdera-energy-tsxvv-premium-uranium-portfolio-with-20m-to-spend-9385Recording date: 22nd May 2026Verdera Energy is emerging as a uranium development company focused on unlocking the potential of New Mexico, a jurisdiction that management believes could play an increasingly important role in future US uranium supply. At a time when energy security, nuclear power expansion, and artificial intelligence-driven electricity demand are becoming major investment themes, the company is positioning itself to benefit from a growing emphasis on domestic uranium production.The foundation of the investment case is the company's substantial resource base at approximately 88 million pounds of historic and known uranium resources across multiple projects in New Mexico. The flagship West Largo project is currently undergoing modernization through an updated NI 43-101 technical report, while additional work is being completed to evaluate resource expansion opportunities and future development pathways.A key differentiator for the company is its focus on in-situ recovery (ISR) uranium projects. ISR has become one of the preferred uranium extraction methods due to its potential for lower capital requirements and reduced environmental disturbance compared to conventional mining techniques. Management believes West Largo represents one of the most attractive ISR opportunities in the United States and could become a significant asset as domestic uranium demand grows.Beyond its resource base, Verdera possesses a potentially valuable strategic asset in the form of historical geological information. According to management, the company controls more than 90% of the proprietary uranium exploration data available in New Mexico. This extensive database, accumulated from previous operators including Kerr-McGee and URI, may help reduce exploration risk, improve targeting efficiency, and accelerate project advancement.The broader opportunity extends beyond individual projects. Management believes New Mexico remains an underappreciated uranium jurisdiction despite hosting substantial uranium resources and important nuclear-related infrastructure. As the United States seeks to reduce dependence on imported uranium and strengthen domestic supply chains, jurisdictions capable of supporting large-scale uranium production may receive increasing attention from investors, industry participants, and policymakers.Another important aspect of Verdera's strategy is its emphasis on community engagement and social licence. The company recognizes that historical uranium mining activities created concerns among local communities and Indigenous groups. CEO Janet Lee Sheriff brings approximately three decades of experience working with Indigenous communities in Canada's Yukon and is applying a similar relationship-based approach in New Mexico. Through educational initiatives, stakeholder engagement, and industry conferences, management is seeking to build trust and support for future development activities.Looking ahead, investors should monitor several potential catalysts. These include updated resource estimates, technical studies, permitting milestones, drilling programs, infrastructure planning, and potential strategic partnerships. The company is also evaluating opportunities involving central processing facilities and possible joint ventures that could support future project development.As nuclear energy continues to gain support as a reliable, low-carbon power source and as electricity demand rises from emerging technologies such as artificial intelligence, domestic uranium production is becoming increasingly important. With a large resource base, significant proprietary data holdings, experienced leadership, and exposure to a strategic uranium jurisdiction, Verdera Energy offers investors a way to participate in the evolving US  uranium development story.View Verdera Energy's company profile: https://www.cruxinvestor.com/companies/verdera-energySign up for Crux Investor: https://cruxinvestor.com

Interview with Hugh Agro, President & CEO of Revival Gold Inc.Debra Struhsacker, US Permitting & Public Policy AdvisorOur previous interview: https://www.cruxinvestor.com/posts/revival-gold-tsxvrvg-funded-to-2028-decision-targets-2029-output-up-to-350m-cash-flow-10284Recording date: 27th May 2026Revival Gold, a Canadian-listed junior mining company, is advancing two gold projects in the United States—Mercur in Utah and Beartrack-Arnett in Idaho—with a combined resource of approximately 6 million ounces. Despite an estimated net asset value of around $1.3 billion, the company's market capitalization remains near $200 million, highlighting a significant valuation gap that underpins its investment case.The Mercur project is the company's primary near-term focus and is positioned as a potential low-cost, high-cash-flow operation. Located on private land in Utah, Mercur benefits from simplified permitting under state jurisdiction, reducing regulatory complexity and timelines. The project also has strong infrastructure advantages, including existing power, road access, and water resources. Revival Gold is targeting a preliminary feasibility study by the first quarter of 2027, followed by a full feasibility study by year-end and a construction decision in early 2028. At current gold prices, Mercur is to generate annual free cash flow of $300–$350 million.The broader regulatory environment in the United States has become increasingly supportive of domestic mining. Recent reforms to the National Environmental Policy Act, alongside federal policy shifts prioritizing mineral security, have streamlined permitting processes and improved project visibility. These changes are expected to benefit companies like Revival Gold operating in mining-friendly jurisdictions.Beartrack-Arnett, the company's second asset in Idaho, already has a completed feasibility study and existing infrastructure. However, management believes it is largely unrecognized in the current valuation, offering additional upside potential as exploration continues to expand the resource at depth.With a clear development timeline, favorable jurisdictional dynamics, and significant leverage to rising gold prices, Revival Gold represents a leveraged play on U.S.-based gold development, with substantial re-rating potential as key milestones are achieved.View Revival Gold's company profile: https://www.cruxinvestor.com/companies/revival-gold-incSign up for Crux Investor: https://cruxinvestor.com

MSD's Ian Wagner speaks with Latin Metals CEO Keith Henderson at Deutsche Gold Messe in Frankfurt. Henderson outlines the company's prospect-generator model, which prioritizes asset-level dilution over shareholder dilution by bringing in partners to fund high-risk exploration. Latin Metals is focused on Argentina and Peru, with projects spanning copper, gold and broader base-metal opportunities. Henderson highlights the company's 500,000-hectare sediment-hosted copper play in Argentina and the Organullo porphyry project, where Moxico is funding major drilling and studies. Latin Metals trades as LMS on the TSX-V and LMSQF on the OTCQB.

MSD's Ian Wagner speaks with Sean Howarth of Excellon Resources at Deutsche Goldmesse in Frankfurt. Howarth outlines Excellon's renewed focus on Peru, where the company is advancing the past-producing Mallay silver mine toward restart while drilling to extend resources and test parallel zones. He also discusses the nearby Tres Cerros target, an undrilled gold-silver opportunity, along with Excellon's Kilgore gold project in Idaho and German silver assets. The strategy centers on near-term cash flow, resource growth, and silver leverage. Excellon trades on the TSX-V under EXN. 

MSD's Ian Wagner speaks with Kingfisher Metals President and CEO Dustin Perry at Deutsche Goldmesse in Frankfurt. Perry outlines Kingfisher's large Golden Triangle land package in British Columbia, where the company is following up a new copper-gold porphyry discovery at Williams and advancing the Hank epithermal system. With about $30 million in the bank, Kingfisher plans roughly 15,000 meters of drilling, plus regional geophysics across its district-scale holdings. Perry says the goal is to prove scale, continuity, and higher-grade zones. Kingfisher trades on the TSX-V under KFR. 

Ian Wagner speaks with Westhaven Gold President and CEO Ken Armstrong at Deutsche Goldmesse in Frankfurt. Armstrong outlines the company's Shovelnose project in British Columbia's Spences Bridge Gold Belt, which hosts more than one million gold-equivalent ounces and a PEA showing strong economics, including low capex and sub-thousand-dollar AISC. He also discusses Dundee Corporation's staged earn-in agreement, funding up to $85 million Canadian for drilling, pre-feasibility work, and exploration across the broader belt. Westhaven trades on the TSX-V under WHN.

 Interview with Stephen Soock, VP Investor Relations & Development, Heliostar MetalsOur previous interview: https://www.cruxinvestor.com/posts/heliostar-metals-tsxvhstr-self-funded-growth-fuels-push-to-300000-gold-ounces-per-annum-9450Recording date: 20th May 2025Heliostar Metals is advancing a multi-phase strategy to transform itself into a mid-tier gold producer, targeting annual output of 300,000 ounces by the end of the decade. The company's recent performance highlights both operational momentum and financial strengthening, supported by three producing assets and a growing development pipeline.In the first quarter of 2026, Heliostar produced 11,743 ounces of gold at all-in sustaining costs of $1,996 per ounce, generating $14 million in net income. Working capital increased significantly from $40 million to $70 million, reflecting strong cash flow even as the company continued investing in exploration and development. While costs benefited from temporary by-product credits, full-year guidance remains around $2,100 per ounce.San Agustin has returned to production and is expected to deliver 50,000 to 55,000 ounces annually, with potential to extend its current 14-month mine life through ongoing drilling. At La Colorada, the company is transitioning to higher-grade sources while using innovative leaching techniques to extract additional value from existing material.Heliostar's flagship Ana Paula project in Mexico is central to its long-term growth. The underground development is advancing toward a feasibility study in mid-2027, with a construction decision to follow. The project targets annual production of 100,000 ounces by late 2028 and benefits from strong local support and existing infrastructure.The recent acquisition of the Goldstrike project in Utah adds one million ounces of measured and indicated resources, enhancing future production optionality while preserving near-term capital through deferred payments.Heliostar expects to generate approximately $150 million in internal cash flow over the next 2.5 years, funding much of its development pipeline. Combined with disciplined execution and selective financing, the company is positioning itself for sustained, self-funded growth.Learn more: https://www.cruxinvestor.com/companies/heliostar-metalsSign up for Crux Investor: https://cruxinvestor.com 

 Interview with Gary Lohman, COO & VP Exploration, and Patrick J. Cruickshank, President & CEO of Thistle ResourcesRecording date: 20th May 2026Thistle Resources Inc., a recently listed explorer on the TSX Venture Exchange, is positioning itself at the crossroads of rising demand for gold and critical minerals through a diversified portfolio in Canada's Bathurst Mining Camp. The company controls five projects, with a strategic focus on three key assets: the Middle River Gold deposit, a large volcanogenic massive sulfide (VMS) target, and the high-grade Brunswick Antimony project. This multi-commodity approach reduces reliance on a single resource while offering multiple pathways for value creation.The flagship Middle River Gold project demonstrates strong scale potential. It hosts two distinct zones: a near-surface system extending to 130 meters depth with approximately 7 kilometers of mineralized folding—largely untested—and a deeper zone at 400 meters that exhibits one of the strongest geophysical conductive responses recorded in the region. Early drilling has confirmed consistent gold mineralization, while advanced surveys by two independent geophysical firms have significantly improved targeting confidence. The company is aiming to define a resource of up to 2 million ounces through systematic drilling.Equally compelling is the Brunswick Antimony project, որտեղ exceptionally high-grade mineralization occurs at surface, including antimony exceeding 10%, along with significant silver and gold values. Located near historic producing mines, the project benefits from existing infrastructure and growing geopolitical interest in securing non-Chinese sources of critical minerals. Antimony prices have surged in recent years, enhancing the project's economic potential even at modest scale.Operationally, Thistle benefits from a favorable jurisdiction with rapid permitting, strong infrastructure, and low drilling costs of roughly CAD 100 per meter. Fully funded for two years and equipped with active drill programs through 2026, the company is well positioned to advance its assets. With multiple catalysts ahead and exposure to both precious and critical minerals, Thistle represents a diversified exploration opportunity in a proven mining district.View Thistle Resources' company profile: https://www.cruxinvestor.com/companies/thistle-resourcesSign up for Crux Investor: https://cruxinvestor.com 

Sirios Resources CEO Jean-Félix Lepage joins MSD's Ian Wagner in Frankfurt to discuss the Cheechoo gold project in Quebec's James Bay region. Lepage outlines the project's nearly three-million-ounce resource, including an open-pit component grading above one gram per tonne with a low strip ratio. He also discusses the company's recent financing, a planned 25,000-meter summer drill program, a resource update expected before year-end, and a PEA targeted for the first half of next year. Sirios trades on the TSX-V under SOI. 

Hayasa Metals CEO Joel Sutherland joins MSD's Ian Wagner in Frankfurt to discuss the company's gold and copper exploration strategy in Armenia. Sutherland outlines the broader Armenia thesis, pointing to underexplored geology in the Tethyan Belt, improving Western engagement, and growing interest in critical minerals. He also discusses Hayasa's partnership with Teck at the Vardenis copper-molybdenum project, ongoing work at Urasar, and plans to add three new properties this year. Hayasa trades on the TSX-V under HAY and Frankfurt under FR20. 

Interview with Allen Sabet, CEO of Mogotes Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/mogotes-metals-tsxvmog-drilling-filo-sur-along-filo-del-sol-trend-results-in-may-june-9532Recording date: 19th May 2026Mogotes Metals has reported a significant high-grade copper-gold discovery at its Filo Sur project in Argentina, marking a pivotal step in advancing the largely underexplored property. Drilling at the Albor target intersected 86 meters grading 0.7% copper, 0.55 g/t gold, 2.7 g/t silver, and 169 ppm molybdenum, including a higher-grade core of 43 meters at 1.1% copper and 0.82 g/t gold. These results exceed all previous drilling on the property and confirm the presence of robust mineralisation near surface, a key factor for potential open-pit development.The project lies directly adjacent to the Filo del Sol deposit, one of the most important copper discoveries in recent decades. Geological features at Albor, including multiple mineralisation phases and hypogene epithermal overprinting, closely resemble those observed at Filo del Sol. Mineral assemblages and alteration patterns suggest proximity to a porphyry center, indicating potential for a much larger system.Despite this progress, the property remains in an early exploration stage. Mogotes has drilled only 6,800 meters across an 8-kilometer strike length, with approximately half of assay results still pending. Multiple additional targets identified through geophysical and geochemical surveys remain untested, highlighting substantial upside potential.The company is well funded, with $42 million in cash to support aggressive follow-up drilling. A new campaign is scheduled for November 2026, allowing rapid advancement of priority targets once remaining results are received. Beyond Argentina, Mogotes has also acquired projects in Kazakhstan and Montana to enable year-round exploration and reduce reliance on a single asset.Overall, the discovery at Albor strengthens the company's geological thesis and positions Mogotes Metals as an emerging player in a highly prospective copper district at a time of growing global demand for the metal.View Mogotes Metals' company profile: https://www.cruxinvestor.com/companies/mogotes-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Paul Clarke, CEO, CanCambria EnergyRecording date: 14th May 2026CanCambria Energy, a Canadian exploration and production company, is advancing a large-scale natural gas project in Hungary aimed at addressing Europe's growing energy security concerns. As the European Union moves to eliminate reliance on Russian gas by the end of 2027, Hungary—currently importing up to 80% of its supply—faces a significant supply gap. CanCambria's Kiskunhalas concession offers a potential domestic solution.The company has identified approximately 750 billion cubic feet of recoverable natural gas within a deep tight gas formation, alongside 25 million barrels of oil in shallower conventional reservoirs. Its land position spans 247,000 acres, supported by modern 3D seismic data that has significantly reduced exploration risk and improved well targeting compared to earlier drilling efforts.Economically, the project is highly attractive under European gas pricing conditions. Individual wells cost between $15 million and $18 million but can generate over $20 million in revenue within the first year at $10/MMBtu gas prices—well below current European levels of $14–15/MMBtu. Over their lifespan, wells are expected to yield $35–50 million in after-tax netbacks, with a breakeven price near $4/MMBtu, providing a strong margin of safety.To accelerate development, CanCambria is finalizing a joint venture to fund its initial wells, with drilling expected to begin in late 2026 or early 2027. The project is designed to reach cash-flow positivity within the first few wells and scale to significant production levels.In addition to deep gas, shallower oil targets offer quicker, lower-cost returns, enhancing overall project flexibility. With favorable fiscal terms, existing infrastructure access, and strong market demand, CanCambria is positioning itself as a key contributor to Europe's transition toward more secure and diversified energy supplies.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Keith Boyle, Director & CEO of New Found GoldOur previous interview: https://www.cruxinvestor.com/posts/new-found-gold-tsxvnfg-205m-package-funds-queensway-to-production-9927Recording date: 5th May 2026New Found Gold has secured a total of $220 million in financing, combining a $105 million facility and a $115 million equity raise backed by prominent investors such as Eric Sprott. This funding fully covers the development of its flagship Queensway Gold project in Newfoundland, exceeding the $155 million capital expenditure outlined in its preliminary economic assessment. Importantly, the company does not need to draw the optional second tranche of financing, giving it additional financial flexibility as it advances toward production targeted for late 2027.Queensway stands out for its high-grade ore, averaging 10 to 12 grams per ton in the शुरुआती years, which is significantly above industry norms. The project is expected to produce around 100,000 ounces of gold annually, with all-in sustaining costs estimated at $1,300 per ounce. At current gold prices, this translates into more than $2,300 in free cash flow per ounce, positioning Queensway as a high-margin operation with strong economic resilience.In parallel, New Found Gold is progressing its Hammerdown mine toward commercial production in the second half of 2026. Ore from Hammerdown is processed at the Pine Cove mill, which is currently operating at 700 tons per day and is being expanded to 1,400 tons per day to support future Queensway output. This use of existing infrastructure reduces both development risk and capital requirements.Key milestones include groundbreaking for the Pine Cove expansion by mid-2026 and securing an early works permit for Queensway by the third quarter of 2026. With minimal financing restrictions, strong investor backing, and a clear development roadmap, the company has established a well-defined and largely de-risked path to becoming a multi-asset gold producer.View New Found Gold's company profile: https://www.cruxinvestor.com/companies/new-found-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Graham Downs, President & CEO, Cascadia MineralsRecording date: 12th May 2026Cascadia Minerals is making significant strides in the central Yukon following its merger with Granite Creek Copper to acquire the Carmacks copper-gold deposit. As major mining companies increasingly seek reliable assets in stable jurisdictions, Cascadia is positioning itself as a prime player with this road-accessible, high-grade project located just 10 kilometers from grid power.Unlike typical broadly disseminated porphyry systems, the Carmacks deposit features upgraded, structurally controlled zones averaging 50 meters wide at approximately 1.5% copper. The project currently boasts a resource of 651 million pounds of copper and 300,000 ounces of gold at over 1% copper equivalent. Because the deposit comes to the surface with clean granite contacts, future mining operations and wall rock characterization are expected to be notably straightforward.To unlock the project's full potential, Cascadia launched a 15,000 to 20,000-meter drill program for 2026, aiming to double the existing resource to 1.5 billion pounds of copper. Thanks to the site's excellent infrastructure, drilling costs have plummeted to $400 per meter—a stark contrast to the $500,000-plus per hole often required at remote, helicopter-accessed projects. A key focus of this year's program is Zone A, located 11 kilometers north of the main deposit. Historical drilling here revealed exceptional grades, including 22 meters of 2% copper and 2 grams per ton of gold.Agnico Eagle has recognized the project's potential, taking a 14% strategic stake to fund exploration through 2027. This partnership also includes a $12 million earn-in option for Cascadia's grassroots Stikine terrain projects. With this financial backing and a resource that is already mostly in the measured and indicated categories, Cascadia plans to bypass a Preliminary Economic Assessment. Instead, the company will leverage existing baseline environmental work to advance directly to a Pre-Feasibility Study, fast-tracking the timeline for this promising North American copper asset.Learn more: https://www.cruxinvestor.com/companies/atac-resources-ltdSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Selby, CEO, Canada Nickel CompanyOur previous interview: https://www.cruxinvestor.com/posts/canada-nickel-tsxvcnc-strategic-investment-and-tax-credits-strengthen-construction-timeline-9456Recording date: 12th May 2026Canada Nickel Company is approaching a major milestone with its Crawford nickel project in Ontario, positioning it as one of the few new nickel developments globally capable of production before 2030. The company has received its Draft Impact Assessment report and proposed permit conditions under Canada's 2019 environmental framework, with final approval expected in early summer 2026. This would make Crawford the first mining project approved under the updated legislation, marking a significant regulatory achievement after a four-year review process.The project enters a favorable market environment. Nickel prices have rebounded sharply, rising nearly $5,000 per ton since late 2025, while the global pipeline of new supply remains limited. Only a small number of projects are expected to come online this decade, creating strong demand for near-term production assets like Crawford.Canada Nickel is pursuing a financing strategy designed to minimize shareholder dilution. The plan combines debt financing from Export Development Canada, bridge financing tied to refundable tax credits that could cover about 60% of equity needs, and strategic partnerships. As a result, the company expects dilution of roughly 2% or less, significantly below industry norms.Crawford also benefits from a strategic decarbonization advantage. Powered by Ontario's low-carbon nuclear and hydroelectric grid, the project aims to supply nickel and semi-finished steel products to European markets facing carbon border adjustment costs. This positions the company to capture premium demand from steel producers seeking lower-emission inputs.Technically, the project is construction-ready, with long-lead equipment identified and initial government funding anticipated in mid-2026. A final construction decision is targeted for early to mid-2027. Beyond Crawford, Canada Nickel holds a pipeline of additional projects that may offer even stronger economics, reinforcing its long-term growth potential in a tightening global nickel market.Learn more: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com

Interview with Ian Graham, President, Oroco ResourcesRecording date: 11th May 2026Oroco Resources is advancing the Santo Tomás porphyry copper project in northwest Mexico toward a Pre-Feasibility Study (PFS) targeted for Q2 2027, positioning the asset as a capital-efficient development in a supply-constrained copper market.The project's August 2024 Preliminary Economic Assessment outlined robust economics: a $1.48 billion after-tax NPV, internal rates of return exceeding 22%, and initial capital requirements of approximately $1.1 billion based on $4 copper and $1,900 gold assumptions. Operating costs are projected below $1 per pound, with a 2.8-year payback period. Notably, Santo Tomás demonstrates capital intensity of roughly $10,000 per ton of annual copper production—about half the industry average—lowering the barrier for potential acquirers and reducing development risk.The resource base exceeds one billion tons grading over 0.5% copper equivalent. The current technical program focuses on converting inferred resources to the indicated category, particularly in the South Zone, while exploring expansion potential to the southwest. Metallurgical work by Whittle Consulting identified that 70–80% of the resource consists of softer material than originally tested, suggesting opportunities for reduced energy consumption and improved throughput.Strategically, Oroco envisions a district-scale development incorporating the Bahuerachi project to the north and the Vainilla exploration target to the south, potentially enabling shared infrastructure and extended mine life. The company also benefits from rare grassroots political support: community advocacy secured Santo Tomás a place on Plan México, President Claudia Sheinbaum's priority list of 40 large capital investment projects, improving the permitting outlook.With new CEO Charles Cryer—a former analyst who previously covered the project—joining mid-2026 to lead M&A outreach, Oroco aims to achieve transaction-ready status by mid-2027. Institutional investors are backing this Phase 2 restart after the stock's post-2021 correction, betting that Santo Tomás's scalable, low-intensity profile will attract mid-tier and major copper producers seeking growth assets in an electrification-driven market.Learn more: https://www.cruxinvestor.com/companies/oroco-resource-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Keith Henderson, CEO, Latin MetalsRecording date: 11th May 2026Latin Metals is redefining the junior mining model through a pure prospect generator strategy focused on Argentina and Peru. Rather than funding costly drilling programs, the company identifies and acquires prospective mineral assets, then partners with well-capitalized operators who earn majority stakes—typically 70–75%—by completing drilling programs. This approach allows Latin Metals to operate on just $2–3 million annually while avoiding shareholder dilution, a common issue among traditional explorers.A key innovation in its model is structuring earn-in agreements based on drilling meters instead of expenditure commitments. This ensures partners deliver tangible exploration work rather than inflating budgets with overhead costs. Currently, the company has secured approximately $80 million in partner-funded exploration, with expectations to grow this to $160–180 million as additional projects are optioned.Latin Metals' portfolio is concentrated in mining-friendly regions where it has deep local expertise, including a 500,000-hectare land position in northwest Argentina prospective for sediment-hosted gold deposits. Its partnerships include major and mid-tier players such as Moxico Resources, alongside past or ongoing relationships with Newmont, Barrick, and AngloGold Ashanti. These collaborations validate the technical quality of its assets while distributing operational risk.The company's long-term strategy is to evolve into an organic royalty business. By retaining net smelter return (NSR) royalties and minority stakes, Latin Metals gains exposure to future production and rising commodity prices without assuming development costs. Additional value is realized through staged cash payments tied to resource estimates.With improving mining sentiment in Argentina and strong demand for advanced projects, Latin Metals is positioned to benefit from multiple near-term exploration catalysts. Its disciplined, capital-light model offers diversified upside while maintaining financial stability and minimizing risk.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Jon Bey, CEO, Standard UraniumOur previous interview: https://www.cruxinvestor.com/posts/standard-uranium-tsxvstnd-jv-funded-exploration-drilling-9336Recording date: 11th May 2026Standard Uranium is emerging as a notable player in the revitalized uranium sector, positioning itself for a potentially transformative discovery at its flagship Davidson River project in Saskatchewan's Athabasca Basin. CEO Jon Bey highlights growing global investor interest—particularly across Europe and Asia—driven by increasing recognition of nuclear energy as a reliable, 24/7 clean power source essential for decarbonization.Founded in 2017, the company operates in a region surrounded by billion-dollar uranium producers, yet maintains a relatively modest market capitalization of about $15 million CAD. This contrast creates significant upside potential if exploration succeeds. To sustain operations while minimizing financial risk, Standard adopted a “prospect generator” model, forming joint ventures on non-core assets. These partnerships fund exploration while Standard retains a 25% stake and ongoing exposure to discoveries, ensuring steady cash flow and operational continuity.The Davidson River project had long been constrained by technical challenges, particularly 150 meters of glacial overburden that obscured traditional gravity survey data. This barrier was recently overcome using advanced passive seismic technology developed by Fleet Space, which enables accurate subsurface mapping. Combined with historical data and machine learning analysis, the company has identified high-priority drill targets at depths of 200 to 500 meters.A fully funded 6,000-meter drill program—potentially expanding to 12,000 meters—is set to begin in early June. The use of scintillometer technology allows geologists to obtain near-instant radiation readings from drill core, enabling rapid identification of uranium mineralization and timely market updates.Standard Uranium's strategy is not to develop mines but to advance discoveries to feasibility and ultimately sell to larger producers. With strong investor interest, improving technology, and favorable market conditions, the company is entering a critical phase that could significantly redefine its valuation and role within the uranium sector.Learn more: https://www.cruxinvestor.com/companies/standard-uraniumSign up for Crux Investor: https://cruxinvestor.com

 Interview with Colin Joudrie, CEO, Selkirk Copper MinesRecording date: 8th May 2026Selkirk Copper Mines is advancing the restart of a high-grade copper-gold-silver operation in Canada's Yukon, targeting production by mid-2028. The project stands out for its exceptional geology, with copper grades ranging from 6% to 10% across more than 85 mineralized lenses, and recovery rates averaging 91%. These characteristics position Selkirk among the highest-grade copper producers globally, with concentrate grades of 39–40%, significantly above the industry average of 26–28%.A major advantage lies in the project's existing infrastructure. More than $330 million has already been invested in processing facilities, roads, and power, reducing restart capital requirements to roughly one-quarter of a comparable new development. This capital efficiency allows the company to focus spending on targeted upgrades and mine development rather than large-scale construction.The project also features a groundbreaking partnership with the Selkirk First Nation, which holds approximately 20% equity in the company. This unique arrangement aligns community and corporate interests while unlocking exploration potential in a district that has seen little modern exploration for decades.Recent drilling has reinforced confidence in the asset, achieving an 87% success rate across 175 holes, with results ranking among the best in the project's history. These findings support a projected mine life of 12 to 15 years, with annual production targeted at around 30,000 tons of copper equivalent.Following bankruptcy proceedings, the company emerged free of legacy financial burdens, including a gold-silver streaming agreement, enabling full exposure to favorable metal prices. Combined with strong market demand for high-quality copper concentrates, Selkirk is well positioned to secure flexible, non-dilutive financing through offtake agreements.Overall, the project represents a rare combination of high-grade resources, existing infrastructure, and strong stakeholder alignment, offering a lower-risk path to near-term copper production.Learn more: https://www.cruxinvestor.com/companies/selkirk-copperSign up for Crux Investor: https://cruxinvestor.com 

Interview with Sean Whiteford, CEO, NexMetals MiningOur previous interview: https://www.cruxinvestor.com/posts/nickel-enters-a-new-era-as-indonesia-tightens-supply-and-prices-surge-10057Recording date: 8th May 2026NexMetals Mining is advancing the redevelopment of its Selebi and Selkirk copper-nickel-PGM deposits in Botswana through a combination of metallurgical innovation and aggressive exploration. A key breakthrough has been the successful production of separate, saleable copper and nickel concentrates, eliminating the need for costly smelter construction. This shift significantly reduces capital requirements and execution risk, making the projects more feasible for a development-stage company.The deposits currently host approximately 28 million tons grading over 3% copper equivalent, with ongoing drilling aimed at expanding the resource base. A newly identified “flexure zone” at Selebi Main, defined through modern geophysical techniques, represents a high-priority target with strong indications of extensive mineralisation. Wide-spaced drilling has already demonstrated the potential for rapid resource growth.Metallurgical testing has delivered results well above previous assumptions, with copper recoveries improving to 88% from 70% and palladium to 78.5% from 59%. Additional payable metals, including cobalt, gold, and silver, further enhance project value. These improvements are expected to increase net smelter return values and lower cutoff grades in the upcoming resource update, strengthening overall project economics.Backed by an $80 million financing, NexMetals is progressing toward a maiden preliminary economic assessment, which will outline capital costs, operating metrics, and returns under the new concentrate-based development plan. Analysts have set price targets ranging from $8.50 to over $12, suggesting potential upside from current levels.Strategically, the company is evaluating options such as a joint venture or spin-out of the Selkirk asset to unlock value while focusing on Selebi. Botswana's stable, mining-friendly environment, existing infrastructure, and streamlined permitting further support a potentially accelerated path to production compared to greenfield projects.Learn more: https://www.cruxinvestor.com/companies/nexmetals-mining-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Brian Miller, CEO, Astra ExplorationOur previous interview: https://www.cruxinvestor.com/posts/astra-exploration-tsxvastr-7500m-drilled-third-exploration-program-to-commence-9520Recording date: 6th May 2026Astra Exploration has secured $15 million in its largest financing to date, raising the funds near its all-time high share price and without issuing warrants—a strong signal of investor confidence. The financing was heavily oversubscribed, with $12.5 million coming from major institutional investors such as Schroders and Terra Capital. This backing reflects growing confidence in Astra's geological model and disciplined exploration strategy at its flagship La Manchuria gold-silver project in southern Argentina.La Manchuria presents a dual exploration opportunity. Near the surface, the project hosts a bulk tonnage gold-silver system, currently estimated at 146,000 gold-equivalent ounces at an average grade of about 2 grams per tonne, with significant room for expansion. At depth, Astra is targeting a high-grade feeder zone, where converging veins may indicate a richer “plumbing system” feeding the mineralization above. This concept, if confirmed, could significantly enhance the project's economic potential, similar to other major discoveries in the region.The company has launched its Phase 3 drilling program, targeting 5,000 to 7,000 meters, with the possibility of expanding to 20,000–30,000 meters over the next 12 to 18 months depending on results. Drilling focuses on both extending shallow mineralization and testing deeper convergence zones. Initial assay results are expected in July 2026 and will guide future exploration.La Manchuria also benefits from strong infrastructure advantages, including proximity to two existing processing facilities and favorable topography that supports efficient open-pit mining. Combined with Argentina's improving mining investment climate, Astra is well positioned to advance the project. The latest financing underscores institutional belief that the company's methodical approach could unlock a significant gold-silver discovery.Learn more: https://www.cruxinvestor.com/companies/astra-explorationSign up for Crux Investor: https://cruxinvestor.com

Interview with Kiran Patankar, CEO, Maple Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/maple-gold-mines-ltd-tsxvmgm-funded-drilling-targets-douay-update-maiden-joutel-mre-9451Recording date: 7th May 2026Maple Gold Mines has significantly expanded its gold resource base to 5.2 million ounces across its Douay and Joutel deposits in Quebec's Abitibi greenstone belt, marking a major step in establishing itself as a leading undeveloped gold project in the region. The updated estimate reflects strong growth, with indicated resources increasing by 77% and inferred resources by 70%. Douay accounts for approximately 4 million ounces as a large-scale, lower-grade open-pit project, while Joutel contributes over 1 million ounces at grades exceeding 4 g/t, highlighting its high-grade underground potential.The company is well-funded, holding around $35 million in cash, which is expected to support operations through 2027. This financial position enables an aggressive exploration strategy, including up to 80,000 meters of additional drilling following a recently completed 32,000-meter program. Notably, results from recent drilling have yet to be incorporated into the current resource estimate, suggesting further upside potential.Maple is advancing a dual-track strategy that combines resource expansion with early-stage engineering studies. These efforts aim to inform a potential preliminary economic assessment (PEA), expected in the first half of 2026. The company is evaluating multiple development scenarios, including blending higher-grade underground ore from Joutel with lower-grade open-pit material from Douay to enhance overall project economics.Strategically, Maple benefits from strong infrastructure advantages, including existing shafts at Joutel and proximity to regional milling facilities. Its partnership with Agnico Eagle, a major player in the Abitibi region, further strengthens its development outlook.Despite these strengths, Maple trades at a significant discount to peers, at roughly $26–27 per ounce compared to $50–60 per ounce for similar companies, with recent acquisitions valued even higher. This valuation gap underscores potential upside as the company advances toward development and demonstrates economic viability.Learn more: https://www.cruxinvestor.com/companies/maple-gold-mines-ltdSign up for Crux Investor: https://cruxinvestor.com

Interview with Luis Goyzueta, Chairman & CEO of Titiminas SilverRecording date: 1st May 2026Titiminas Silver is advancing the restart of the Madre Sierra mine in central Peru, positioning itself as a fast-moving entrant focused on reviving a past-producing, high-grade polymetallic asset rather than pursuing traditional exploration. The project hosts a 1.2 million ton historical resource grading 4–5 ounces per ton silver, alongside copper, gold, zinc, and lead, for roughly 20 million ounces of silver equivalent. With only three of six identified veins historically developed across a small area of a 2.2-kilometer strike, the company sees substantial upside for resource expansion.A key advantage lies in the project's strong infrastructure and permitting position. Madre Sierra is located near a regional airport, paved highway, and power access, while holding an existing 350-ton-per-day mining permit and a community agreement secured through 2032. These factors significantly reduce development risk and enable an accelerated timeline. The company plans to begin drilling shortly, targeting a maiden resource estimate within a year and a final investment decision by late 2027, potentially based on a preliminary economic assessment.Initial production is expected at 350 tons per day, yielding დაახლოებით 1.2 million ounces of silver annually, with capital costs estimated at $35–45 million. A second phase could expand throughput to 800–1,200 tons per day, increasing output to as much as 3.5 million ounces per year. The polymetallic nature of the deposit provides diversified revenue streams, enhancing project resilience.Led by CEO Luis Goyzueta, who brings decades of Peruvian mining and private equity experience, Titiminas is also pursuing a broader growth strategy. Leveraging proprietary relationships, the company aims to acquire similar high-grade assets in central Peru, targeting long-term production of 10 million ounces of silver annually. Additional upside comes from a high-grade molybdenum discovery on its northern property, which may offer future strategic value.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Arturo Préstamo Elizondo, Executive Chairman & CEO of Santacruz Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/santacruz-silver-mining-tsxvscz-record-results-and-2026-growth-outlook-9889Recording date: 6th May 2026Santacruz Silver Mining is positioning itself as a significantly undervalued player in the global silver sector, according to CEO Arturo Préstamo Elizondo, who argues the company trades at a steep discount to peers across multiple financial metrics. With an enterprise value of about $1 billion, Santacruz is valued at roughly $45 per silver equivalent ounce—far below the peer average of $180—and at around 6x EV/EBITDA compared to 15–20x for comparable companies. Management attributes this gap to temporary factors, including limited trading history on major exchanges, the lingering impact of a 2025 flooding incident at its Bolivar mine, and perceived geopolitical risks tied to its Bolivian operations.Despite these concerns, the company delivered strong financial results in 2025, reporting $326.4 million in revenue, $104.6 million in EBITDA, and $79.1 million in operating cash flow. It also strengthened its balance sheet by eliminating debt and ending the year with $66.7 million in cash. Operationally, Santacruz is advancing key recovery and growth initiatives. The Bolivar mine is on track to resume full silver production by Q3 2026 as dewatering progresses, restoring access to high-grade zones. Meanwhile, infrastructure upgrades at the Zimapán mine are expected to improve throughput and reduce costs.Looking ahead, Santacruz is focused on organic growth, including a new milling facility at San Lucas and development of the Soracaya mine, targeted for late 2026. The company is also enhancing operational efficiency through real-time monitoring systems and may consider share buybacks if its valuation remains depressed. Management believes that upcoming catalysts—such as a planned Toronto Stock Exchange uplisting and potential regulatory reforms in Bolivia—could help close the valuation gap while highlighting the strength of its diversified, multi-mine portfolio.View Santacruz Silver Mining's company profile: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Interview with Erin Zaunscherb, Chairman & CEO of GR Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/gr-silver-mining-tsxvgrsl-high-grade-silver-strike-opens-up-expansion-potential-7893Recording date: 29th April 2026GR Silver Mining (TSXV:GRSL) is a silver-focused exploration company advancing the San Marcial project in Sinaloa, Mexico. The company holds 134 million ounces of silver equivalent in resources, has historically added ounces at a cost of US$0.12 per ounce, and is currently executing a 20,000-metre drill programme designed to grow that resource base materially. For investors, the combination of a large existing resource, a low discovery cost, an expanding geological model, and a structured near-term catalyst pipeline defines the investment case.The project's geological setting is more complex and more prospective than the headline resource alone suggests. San Marcial sits within a breccia system hosted by an intrusive body, of which only approximately 20% of the perimeter has been tested. The remaining 80% of that perimeter represents high-priority exploration ground in analogous structural positions to existing high-grade mineralisation. Beyond the main breccia, geological mapping has identified parallel breccia bodies forming concentrically around the intrusive core, showing elevated gold. Surface sampling further toward the intrusive centre has detected copper and molybdenum, raising the possibility of a porphyry mineralisation model at depth. Within the main breccia itself, four to five distinct mineralisation pulses have been identified, adding vertical scale to the system.Early results from the current drill programme are consistent with these interpretations. Hole 2601 returned 6.5 metres grading 500 grams per tonne silver, including 1.2 metres of 1,600 grams per tonne, with a notable 61-metre interval at depth confirming the system remains alive well below current resource boundaries. Hole 2603 returned 15.6 metres of 351 grams per tonne silver from 200 metres, including 2.5 metres at 1,400 grams per tonne. Drilling is now on holes 10, 11, and 12. The full 20,000-metre programme is targeting completion in the second half of the year, to be followed by a resource update and the commissioning of a PEA.A separate but strategically connected element is the planned bulk sample test mining programme at the Plomosas mine, which sits on the same land package. With 7.4 kilometres of existing underground development and permits already in place, Plomosas offers a low-capital pathway to early cash generation and, more importantly, to demonstrating operational credibility with Mexican regulators. San Marcial currently holds exploration concession status, which carries a permitting timeline of five to seven years under conventional processes. A positive track record at Plomosas could shorten that meaningfully, with direct implications for the project's net present value.The company is fully financed with no debt, providing operational continuity through the current programme without near-term dilution risk. Following the passing of founder and CEO Marcio Fonseca, executive chairman Eric Zaunscherb has stepped into an interim leadership role. Field teams remain active and motivated, and the exploration programme has continued without interruption.For investors with an appetite for primary silver exposure at the exploration stage, GR Silver Mining offers a large resource base, an expanding geological thesis, a defined catalyst sequence, and a valuation that has not yet reflected the full scope of what is emerging at San Marcial.View GR Silver Mining's company profile: Sign up for Crux Investor: https://cruxinvestor.com

Interview with Jonathan Egilo, President & CEO of Axo MetalsOur previous interview: https://www.cruxinvestor.com/posts/axo-copper-tsxvaxo-royalty-free-high-grade-copper-discovery-prepares-for-june-2025-listing-7208Recording date: 28th April 2026Axo Metals Corp, trading on the TSX Venture Exchange and in the process of rebranding from Axo Copper Corp, has made a single acquisition that fundamentally changes its investment profile. The company purchased the San Antonio gold project in Sonora, Mexico in January 2026. The asset is a past-producing open-pit heap leach operation that retains most of its original mining infrastructure, including a crusher, carbon column plant, heap leach pads, camp facilities, water rights, and power line access. President and CEO Jonathan Egilo has described the situation plainly: the company is inheriting a heap leach mine that is already approximately 70% built. The difference between a greenfield gold project and a brownfield restart with existing infrastructure is the difference between years of capital-intensive construction and a development timeline measured in months. Egilo has guided for a build period of six to nine months once permitting is secured, a timeline that is only realistic because the heavy lifting was completed during the asset's prior operating life and subsequent development by Osisko.The current resource stands at 1.1 million ounces of gold, split between lower-grade oxide material amenable to heap leaching and higher-grade sulphide material. That figure was generated after one year of drilling and modelled on a gold price of US$1,700 per ounce, well below where gold is trading today. Refreshing the model to current prices is expected to add ounces before a single additional metre of drilling is completed. A 30,000-metre drill programme is now running in parallel with permitting and engineering, targeting high-priority areas that have never been drilled in the project's history. The company has the financial flexibility to expand that programme by a further 20,000 to 30,000 metres without returning to the market.On the financing side, Axo completed a C$40 million raise with warrant accelerators that could bring in a further C$28 million. The remaining capital build including the incremental stripping, haul road, and heap leach pad expansion required to begin mining the new starter pit, are expected to be covered by a combination of those proceeds and a modest debt facility, which management considers readily available in the current gold price environment.The permitting pathway is credible rather than theoretical. The same management group secured an open-pit permit in Sonora from the current Mexican administration in approximately twelve months, completing that process for Silver Tiger Metals in November 2025. San Antonio involves the same state, the same regulatory authorities, and the same team.The deal structure with Osisko, structured as all-stock with production-linked cash milestones, means the vendor's interests are aligned with Axo's success. There is no financial pressure on Osisko to liquidate its position before production is achieved.For investors looking for near-term gold production exposure with a de-risked capital profile, an undervalued resource base, and a management team that has already proven it can execute in the same jurisdiction, Axo Metals offers a specific and timely opportunity ahead of a PEA, permit update, and drill results all expected in 2026.View Axo Copper's company profile: https://www.cruxinvestor.com/companies/axo-copper-cSign up for Crux Investor: https://cruxinvestor.com

Interview with Troy Boisjoli, CEO of ATHA Energy Corp.Our previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-bigger-better-than-athabasca-basin-uranium-8075Recording date: 28th April 2026ATHA Energy is making waves in Canada's Angikuni basin, successfully transitioning from early-stage exploration to a critical resource delineation phase. What sets the company apart is the sheer scale of its recent discoveries. To put this in perspective, world-class uranium deposits in Saskatchewan's famous Athabasca basin typically span less than a single kilometer. In stark contrast, ATHA has uncovered continuous mineralization stretching over 14 kilometers in its RIB corridor. By focusing its efforts on a single, cohesive geological system across its district-scale land package, the company has achieved a rare 100% success rate on tested geophysical targets, essentially eliminating early discovery risk.Backed by $63 million in fresh capital—including support from industry veteran Warren Gilman's QRC—ATHA is fully funded for a multi-year run. The drill results so far have been exceptional. For example, recent tests returned 34 meters of mineralization, featuring a 13-meter continuous stretch at over 0.5% uranium with peak grades topping 8%. To capitalize on these high grades, the company is scaling up its operations in 2026 by deploying three drill rigs simultaneously. This marks their largest exploration program to date, shifting focus from hunting new targets to proving the immense continuity of the systems they have already found.Controlling the entire Angikuni basin in Nunavut gives ATHA a distinct operational advantage, even though operating in Canada's remote north presents logistical hurdles. Fortunately, nearby established projects prove that large-scale mining development in the region is entirely viable. According to CEO Troy Boisjoli, this operational inflection point aligns perfectly with the most favorable uranium market conditions seen in two decades. With a massive, high-grade footprint and aggressive drilling underway, ATHA Energy is positioned as a standout player in the junior uranium sector.View ATHA Energy's company profile: https://www.cruxinvestor.com/companies/atha-energySign up for Crux Investor: https://cruxinvestor.com

Interview with Christopher Taylor, Chairman, and Claudia Tornquist, President & CEO of Kodiak Copper Corp.Our previous interview: https://www.cruxinvestor.com/posts/kodiak-copper-tsxvkdk-building-scale-in-british-columbias-copper-district-9481Recording date: 28th April 2026Kodiak Copper and Teck Resources have joined forces to create Kay Copper, a newly formed exploration company aimed at capitalizing on the growing demand for domestic critical minerals in the United States. This strategic joint venture combines Kodiak's dormant Mohave project with Teck's Copper Hill asset, both located in the mineral-rich state of Arizona. By spinning out these highly prospective porphyry projects into a dedicated entity, both companies can unlock shareholder value without losing focus on their primary operations. As the push for green energy and electrification intensifies, finding reliable domestic copper sources has never been more crucial, making this an opportune time to explore Arizona's proven mining districts.Kay Copper is well-positioned for immediate action, backed by a $5 million initial capitalization that will fund drill programs later this year. Both Kodiak and Teck will maintain a 28% equity stake in the new venture, providing robust institutional support. Notably, Teck Resources has secured offtake rights for both properties. This guarantees them access to the copper produced if exploration efforts lead to a functioning mine, which signals immense confidence in the long-term viability of these assets. The company is actively targeting a public listing on the TSX Venture Exchange, with the transaction expected to close in early Q3, guided by incoming CEO Adam Schatzker and Board Chair Claudia Tornquist.The exploration strategy will simultaneously test shallow, drill-ready targets and massive, deeper anomalies. At the Mohave project, legacy data suggests historical drilling merely grazed the edge of a high-grade center, leaving newly expanded claims ripe for immediate exploration. Meanwhile, the Copper Hill project features strong geological indicators that hint at a significant mineralized system. Initial drilling will focus on the shallower zones of Copper Hill to generate early discoveries and build geological confidence. By systematically advancing these assets, Kay Copper aims to unearth a transformative tier-one discovery to supply America's future infrastructure needs.View Kodiak Copper's company profile: https://www.cruxinvestor.com/companies/kodiak-copper-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Bart Jaworski, CEO of Group Eleven Resources Corp.Our previous interview: https://www.cruxinvestor.com/posts/group-eleven-resources-tsxvzng-25000m-drill-program-targets-multi-metal-growth-8219Recording date: 23rd April 2026Group Eleven Resources has transformed its Ballywire discovery into what may become Ireland's most significant base metals find in over a decade. Since the initial drill hole in September 2022, the project has evolved from a single zinc-silver intercept into a potential district-scale polymetallic system spanning 3.2 kilometers of strike length.The company recently secured $12 million in financing, bringing total available capital to $18 million and enabling 67,000 to 75,000 meters of drilling over the next two years without requiring additional capital raises. This represents a threefold expansion from the previously funded 20,000-meter program, providing CEO Bart Jaworski and his team the financial runway to systematically test what they believe could be a transformative discovery.The geological understanding has undergone significant evolution. Beneath the flat-lying zinc-lead-silver horizon, Group Eleven has identified vertical copper-silver shoots representing the fault-controlled plumbing systems that originally fed the zinc deposit 350 million years ago. These copper-silver "root systems" have been proven in multiple locations 350-400 meters apart, with evidence suggesting they may connect along the entire strike length.Jaworski outlined a "24X multiplier" framework representing the theoretical expansion potential: four gravity anomalies, three parallel trends, and two mineralized horizons. With only 25% of the prospective 6-kilometer trend systematically drilled to date, the company has substantial blue-sky exploration potential.While characterized as a zinc discovery, gross metal value analysis reveals silver contributing the majority of revenue at current prices. Grades typically range between 50-150 grams per ton, with exceptional intercepts reaching 4,000 grams per ton silver. The deposit's copper and germanium content could qualify for EU Critical Raw Materials Act fast-track status, potentially reducing the standard 10-15 year development timeline.Management targets initial metallurgy and resource work within 12-18 months as the funded drilling program systematically tests the district's full potential.View Group Eleven Resources' company profile: https://www.cruxinvestor.com/companies/group-eleven-resources-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Elaine Ellingham, President & CEO of Omai Gold Mines Corp.Our previous interview: https://www.cruxinvestor.com/posts/omai-gold-mines-tsxvomg-heavy-newsflow-coming-to-support-updated-pea-in-2026-8622Recording date: 26th April 2026Omai Gold Mines is rapidly advancing an 8-million-ounce gold project in Guyana, positioning itself as a major player in South America's resource sector. The company recently achieved a key milestone by upgrading 480,000 ounces at its Wenot open-pit deposit to the indicated category. This targeted drilling successfully improved the resource grade from 1.46 to 1.59 grams per tonne. To fuel further expansion and fill remaining gaps in the resource model, Omai is currently executing a massive 50,000-meter drill program with five rigs operating continuously.The company's development plan hinges on a dual mining strategy that pairs the expansive Wenot open pit with the nearby Gilt Creek underground deposit, which features a higher average grade of 3.33 grams per tonne. With the resource base now significantly larger, engineering teams are evaluating a robust plant throughput of 15,000 to 20,000 tonnes per day to maximize economics. Omai anticipates releasing a Preliminary Economic Assessment within two to three months, setting the stage for a comprehensive feasibility study within the following year.What sets the Omai project apart is its substantial built-in infrastructure and highly favorable operating environment. As a past-producing mine, the site already has a functional tailings facility and proven historical gold recovery rates of up to 93 percent. Additionally, Guyana's booming offshore oil industry—currently producing 1.2 million barrels daily—is financing massive infrastructure upgrades across the country. The government has already paved the project's main access road, cutting travel time to the capital down to just three hours. Combined with a pro-mining regulatory stance and streamlined permitting, these structural advantages dramatically reduce the typical capital costs and development delays associated with greenfield mining projects.View Omai Gold Mines' company profile: https://www.cruxinvestor.com/companies/omai-gold-minesSign up for Crux Investor: https://cruxinvestor.com

Interview with Donovan Pollitt, President of White Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/white-gold-tsxvwgo-25000m-program-targets-resource-growth-in-underexplored-klondike-district-8918Recording date: 24th April 2026White Gold Corp. (TSXV:WGO) is a Yukon-focused gold exploration company carrying one of the region's most significant undeveloped gold resources: approximately 3 million ounces at 1.4 grams per tonne, spread across the Golden Saddle, Arc, and Ryan's Surprise deposits. In 2026, the company is moving on multiple fronts simultaneously: pursuing resource growth through its largest-ever drill programme, preparing to release a Preliminary Economic Assessment, and operating in a district that is materially improving in investor sentiment. New President Donovan Pollitt, who joined after a decade on the buy side with US global investors and prior experience as CEO of Wesdome Gold, is orchestrating this effort with an explicit focus on per-share value accretion and capital discipline.The most immediate near-term catalyst is the PEA, expected before the end of Q2 2026. This will be the first time an independent engineering firm has mapped out project parameters of daily throughput rates, capital expenditure ranges, and production economics for the existing resource. When the company conducted early-2026 institutional marketing in Toronto and New York, the consistent message from investors was that they needed that document before they could act with conviction. The PEA is not the end of the development process; management is explicit that it is a starting point. But it is expected to drive meaningful re-engagement from institutional investors who have been waiting on the sidelines.'Running in parallel is a 20,000-metre drill programme which makes nearly a third of the total historical metres ever drilled on the property. Approximately 70% of that programme targets step-out and extension drilling at known deposits, where the probability of success is better defined. The remaining 25–30% is allocated to untested targets across the company's 300,000-hectare land package. VP Exploration Dylan  Langillel, who was instrumental in the Great Bear Resources discovery programme before Kinross acquired that project, is directing the technical work.There is also a lower-profile but potentially meaningful near-term resource opportunity that requires no new drilling at all. Thousands of metres of core from the hanging wall of existing deposits were left unassayed by prior operators who focused solely on the main mineralised zones. Those samples are now being reassayed. In the current gold price environment where open-pit cut-off grades can be as low as 0.3 g/t which are previously disregarded halo material could contribute meaningfully to a resource update expected toward year-end or early 2027.Agnico Eagle sits at 19% of the share register, providing strategic credibility without yet determining the company's trajectory. The company has over C$20 million in cash, has passed on multiple financing opportunities in 2026 to avoid diluting shareholders at a sub-optimal price, and management has purchased stock in the open market. The share price has already moved from approximately C$0.20 in summer 2025 to around C$1.75 but Pollitt's case is that the PEA, drill results, and broader Yukon re-rating thesis provide multiple independent pathways for further value recognition. For investors with appropriate risk appetite, the combination of near-term catalysts and a disciplined management team makes 2026 a materially more information-rich year than any that has preceded it for White Gold.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

Interview with Jay Chmelauskus, President & CEO of Camino Minerals Corp.Our previous interview: https://www.cruxinvestor.com/posts/camino-minerals-tsxvcor-developer-details-timeline-for-fully-permitted-chilean-copper-project-6525Recording date: 26th April 2026Camino Minerals is on the brink of transforming from an exploration company into an active copper producer. With global copper prices soaring past USD 6.00/lb amid structural supply shortages, the timing for this transition is exceptionally favorable.The company's flagship Puquios project in Chile is fully permitted and slated to break ground as early as July 2026. Partnered with Nittetsu, Camino is finalizing a debt facility with a Japanese lender that will cover over 70% of the USD 142 million construction costs. Notably, this financing requires no hedging, allowing Camino to fully capitalize on today's high copper prices—especially since the project remains robustly profitable at a baseline modeled price of just USD 4.25/lb. Puquios uses solvent extraction-electrowinning processing for its oxide copper, a highly capital-efficient method compared to traditional sulfide mining. You can think of this process much like brewing drip coffee: a liquid solvent percolates through the crushed ore to dissolve and extract the copper directly, completely bypassing the expensive and energy-intensive milling phase.While preparing to build in Chile, Camino is simultaneously advancing its Costa de Cobre exploration project in Peru. Early drilling across this massive 220 km 2 site has yielded promising results, including an 84-meter intercept at roughly 1% copper. The ongoing goal is to establish a resource of 40 to 50 million tons, essentially building a pipeline for the company's next major mine.Despite these advanced assets, Camino currently trades at a market capitalization of around USD 50 million, a valuation typical of early-stage explorers. However, as the final funding for Puquios closes in the coming weeks and construction officially begins, the company anticipates a significant market rerating, marking a rare and successful leap from a junior explorer to an established producer.View Camino Mines' company profile: https://www.cruxinvestor.com/companies/camino-mineralsSign up for Crux Investor: https://cruxinvestor.com

Interview with Joseph Ovsenek, President & CEO of P2 Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/p2-gold-inc-tsxvpgld-30000m-drill-program-ahead-of-resource-update-ye-feasibility-study-9435Recording date: 24th April 2026P2 Gold Inc. is advancing its Gabbs gold-copper project in Nevada through a significant valuation disconnect that presents a compelling opportunity for investors seeking exposure to near-term precious metals production. The company currently trades at a market capitalization of $147 million USD, representing a 50-80% discount to comparable Western U.S. developers despite project economics that match or exceed peer metrics.The Gabbs project, located in west-central Nevada with established infrastructure including on-site power and pending water rights, hosts 3.5 million ounces of gold equivalent resources, the highest-grade indicated and inferred resources among P2's peer group. Management is targeting expansion to 5 million ounces through ongoing drilling programs that have exceeded expectations.At current spot prices, the project delivers exceptional economics with a net present value exceeding $3 billion at a 5% discount rate and an internal rate of return surpassing 100%. The October 2025 preliminary economic assessment outlined production of 109,000 ounces of gold annually plus 33 million pounds of copper over a 14-year mine life. However, management is evaluating a 33% throughput increase that would boost output to over 200,000 gold-equivalent ounces annually.A critical differentiator is P2's royalty-free structure, providing an estimated $250 million financing advantage unavailable to royalty-burdened competitors. This flexibility becomes particularly valuable as the company approaches construction financing decisions in 2027-2028.Peer comparisons highlight the valuation gap. US Gold, a direct comparable gold-copper developer, trades at $282 million despite P2's NPV5 being approximately double at similar metal prices. Liberty Gold and Dakota Gold command valuations of $661 million and $820 million respectively, suggesting 4-5x upside potential if P2 achieves comparable market recognition.With feasibility completion targeted for Q4 2026 and production timeline of late 2028 to early 2029, less than three years away, P2 Gold offers near-term production visibility at a significant valuation discount to established peers.View P2 Gold's company profile: https://www.cruxinvestor.com/companies/p2-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Joseph Ovsenek, President & CEO  of Tudor GoldOur previous interview: https://www.cruxinvestor.com/posts/tudor-gold-corp-tsxvtud-all-known-questions-answered-february-2026-9352Recording date: 24th April 2026Tudor Gold is advancing one of North America's largest undeveloped gold deposits, the Treaty Creek project in British Columbia's Golden Triangle. Hosting 24.9 million ounces of indicated gold and 4 million ounces of inferred gold, alongside significant copper and silver, the project features higher-grade zones perfectly suited for underground mining. Despite this massive resource base, Tudor Gold currently trades at a steep discount. At just $16.70 per ounce of measured and indicated gold, the company trails far behind peer valuations that range from $25 to $284 per ounce, signaling a substantial potential upside for investors.A major obstacle to the project's valuation was recently mitigated through a pivotal regulatory victory. The British Columbia government recently declined to grant neighboring Seabridge Gold permits to build twin access tunnels directly through Tudor's mineral claims. Authorities stipulated that Seabridge must first reach a commercial agreement with Tudor or obtain a definitive court decision. This ruling effectively forces a negotiated land-use settlement rather than prolonged litigation, eliminating a significant cloud of development uncertainty that had previously weighed on Tudor's market position.Guided by a management team that successfully developed the nearby Brucejack mine, Tudor Gold anticipates multiple near-term catalysts throughout 2026. The most significant milestone is a Preliminary Economic Assessment (PEA) scheduled for this summer, which will model an underground mining operation targeting 200,000 to 300,000 ounces of annual gold production. To further expand its footprint, Tudor is launching a 10,000 to 15,000-meter exploration drill program to test new targets and establish multi-deposit potential. Additionally, the company is actively negotiating with joint venture partner Teuton Resources to consolidate the remaining 20% interest in the project, a move that would streamline future financing and development decisions.View Tudor Gold's company profile: https://www.cruxinvestor.com/companies/tudor-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Barry O'Shea, CEO of Highland CopperOur previous interview: https://www.cruxinvestor.com/posts/highland-copper-tsxv-hi-fully-permitted-us-copper-developer-targets-2026-construction-decision-7322Recording date: 23rd April 2026Highland Copper Company is advancing its Copperwood project in Michigan's Upper Peninsula toward a construction decision in the second half of 2026, with copper production targeted for 2029. The company has committed significant capital to engineering work, partnering with DRA Global and other established firms to reach 40% engineering completion by Q4 2026. CEO Barry O'Shea emphasized that the company has restructured very well to make sure full funds are through to a final investment decision.The financing strategy centers on a Letter of Intent from EXIM representing 60-70% of the $425 million capital requirement. While currently non-binding, management is actively working to convert this into a binding debt facility, supported by White House recognition of Copperwood as strategically important to US critical mineral production. The debt capacity has expanded from an estimated $250 million at $4 per pound copper to potentially $300-325 million at current price levels.Highland recently sold its remaining one-third stake in the White Pine project for $30 million, providing immediate liquidity while allowing exclusive focus on Copperwood. The decision reflects the strategic advantages of Copperwood's $425 million capex and fully-permitted status compared to White Pine's $1+ billion requirement and unsubmitted permits.The shift in long-term copper price consensus has fundamentally transformed Copperwood's economics. The project's NPV triples from $170 million at $4 per pound to $507 million at $5 per pound, with current spot prices near $6 delivering an $850 million valuation. Management strengthened its execution team by hiring Trace Arlaud as Project Director, bringing credentials from Rio Tinto's Resolution Copper project, and Peter Hemstead as interim CFO, a founding executive at Capstone Copper.Highland trades at approximately $110 million market capitalization, supported by strong institutional shareholders including Orion Mines Finance (28%) and Condire (20%), positioning for a potential rerating as the EXIM commitment converts to binding debt.View Highland Copper's company profile: https://www.cruxinvestor.com/companies/highland-copperSign up for Crux Investor: https://cruxinvestor.com

Interview with Sam Lee, CEO, Northisle Copper & Gold Our previous interview: https://www.cruxinvestor.com/posts/northisle-copper-gold-tsxvncx-district-scale-vision-with-wheaton-institutional-backing-8233Recording date: 21st April 2026Northisle Copper & Gold is advancing one of British Columbia's largest undeveloped copper-gold districts at a critical juncture for Western critical minerals development. The company recently raised over $150 million to fast-track its flagship project through pre-feasibility study following designation as a top priority within BC's Critical Minerals Office, marking a fundamental validation of both the project's strategic importance and technical merits.Despite this institutional endorsement, Northisle trades at just 0.3 times analyst consensus net asset value—within the typical range for preliminary economic assessment-stage projects but below the 0.4-0.7x band associated with pre-feasibility stage assets. This valuation gap presents a systematic re-rating opportunity as the company achieves de-risking milestones throughout 2025 and 2026.The published economics demonstrate considerable upside sensitivity to current commodity prices. The February 2025 preliminary economic assessment showed $5 billion after-tax NPV using $2,900 gold and $4.60 copper, whereas current analyst consensus stands at $3,400 gold and $4.70 copper. This pricing differential alone suggests substantial NPV expansion beyond the published figures.Management is executing three parallel initiatives to enhance project economics: incorporating the 1.2-kilometer West Goodspeed discovery (showing 0.7-1% copper equivalent at surface) into Q2 2026 resource estimates; optimizing metallurgical recoveries through potential CIL plant twinning to increase Phase 2 gold recovery from 63% to 80%; and accelerating permitting timelines through government and First Nations partnerships.Beyond the flagship deposit, Northisle controls 40 kilometers of a 50-kilometer porphyry district with 70 years of inherited exploration data valued at over $40 million. CEO Sam Lee characterizes this as a "free call option" on world-class discovery potential that doesn't factor into current valuations.The capital structure strategy emphasizes diversified, low-cost financing sources. Wheaton Precious Metals' cornerstone investment positions the company to access precious metals streaming at 0-4% cost of capital, while strategic off-take agreements would unlock sub-2% Exim Bank debt. Management maintains 12-13% ownership and requires 3-5x returns on any equity dilution, ensuring shareholder alignment through development.Learn more: https://www.cruxinvestor.com/companies/northisle-copper-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Anthony Margarit, President & CEO of K2 GoldOur previous interview: https://www.cruxinvestor.com/posts/k2-gold-tsxvkto-high-grade-gold-project-nears-drilling-breakthrough-7843Recording date: 22nd April 2026K2 Gold (TSXV:KTO) has reached a meaningful inflection point. The company has received a Record of Decision on its Mojave Project in Inyo County, California completing a full Environmental Impact Statement process that typically applies to mine development, not exploration drilling. That distinction matters. K2 Gold navigated this regulatory gauntlet as an exploration-stage company, and in doing so has established a permitting position that competitors will find difficult and time-consuming to replicate.The Mojave Project's east side gold trend is the primary near-term focus. Multiple parallel stacked oxide structures, dipping at approximately 70 degrees to the west, run across a 500-metre wide corridor along a 5 km trend. Mineralisation begins at surface, all material drilled to date is oxide, and the deepest planned holes average 220 to 250 metres without any previous operator having intersected the sulphide interface. Early shake-test metallurgical work has returned recoveries of 96–98%, a directionally positive early signal for processing simplicity, though systematic work remains ahead.The Dragonfly target, where K2 Gold's 2020 highlight hole returned 86.9 metres at 4 g/t gold, anchors the east side programme. Eighteen drill pads are fully permitted across this zone, each accommodating four holes and positioned to be 43-101 resource compliant. Management's stated priority for 2026, however, is not resource definition but rather for target testing. The company has more high-priority undrilled ground than it can drill in a single season, which is a function of the project's scale rather than a limitation of capital or access.The most significant undrilled target is located 1.5 kilometres north of Dragonfly, on the same structural system. Rock samples from this area have returned grades of up to 375 g/t gold with further samples of 142.5 g/t and numerous results above 30 g/t. This area carries no attributed resource value and has never seen a drill hole. The Stega and Flores targets add further depth to the undrilled queue, with channel samples grading 4–8 g/t and 4 g/t respectively over multi-metre intervals.On the west side of the project, a 5 km copper trend supported by more than 200 many a century old historic workings and the polymetallic Morning Star area, adjacent to the historic Sarah Gorde silver mine, add optionality that has not yet been tested by modern drilling. Both areas sit on patented claims and are drill-accessible under existing permits.The company's financial position reinforces its operational readiness. A C$25.25 million financing closed in January 2026, attracting K2 Gold's first institutional investor. All warrants have been exercised or expired, leaving a clean capital structure. Up to C$12 million has been allocated to exploration in 2026, and management has stated the company is funded beyond the year. The SI2 Nevada epithermal project provides additional near-term news flow, with assay results from a recently completed seven-hole programme expected imminently.K2 Gold heads into 2026 with a funded exploration programme, a clean share structure, a fully permitted flagship project, and a drilling queue that spans multiple high-grade, undrilled targets. The geological and financial conditions are in place. The drill results will determine the outcome.View K2 Gold's company profile: https://www.cruxinvestor.com/companies/k2-gold-corporationSign up for Crux Investor: https://cruxinvestor.com

Interview with Philippe Cloutier, President & CEO of Cartier Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/cartier-resources-inc-tsxvecr-continuous-focused-drilling-resource-update-ahead-9429Recording date: 21st April 2026Cartier Resources Inc. occupies a rare piece of real estate in the global gold mining landscape. The Quebec-based junior explorer holds the only remaining significant exploration position on a 50-kilometre stretch of the Cadillac Fault in Abitibi — Canada's most prolific gold-producing structure — flanked on all sides by producing mines owned by majors including Agnico Eagle, Eldorado, and IAMGold.With a market capitalisation of approximately $120 million and $7 million in cash, the company has quietly consolidated 15 kilometres of strike length along the fault, defining 3.2 million ounces of gold across four distinct mineralisation types. That variety of deposit styles is central to CEO Philippe Cloutier's investment thesis: this isn't a single-zone story, but a camp-scale system with multiple potential deposits that together could determine the optimal layout for a future mining operation.The most immediate challenge facing Cartier is the disconnect between its current public economic assessment and reality. Its 2023 Preliminary Economic Assessment modelled a standalone mill at $1,750 per ounce gold — well below today's prices — producing capital cost figures that look punishing by current standards. An updated scoping study is in progress, expected to incorporate recent shallow high-grade discoveries, metallurgical results, and scenarios involving toll milling through neighbouring producers with excess capacity. No release date has been confirmed.Agnico Eagle's major shareholding and the recent board appointment of industry veteran Glenn Mullan signal institutional confidence in the asset. The company is 50% through its current drill program, having already met all initial objectives, with new discoveries prompting a revised approach to the remaining work.Near-term catalysts include updated economics at current gold prices, continued drill results, a planned OTC QB listing to reach U.S. retail investors, and growing M&A interest as senior producers seek permitted, development-ready projects.View Cartier Resources' company profile: https://www.cruxinvestor.com/companies/cartier-resources-incSign up for Crux Investor: https://cruxinvestor.com

Interview with Blaine Monaghan, President & CEO of Pacific Ridge Exploration Ltd.Our previous interview: https://www.cruxinvestor.com/posts/pacific-ridge-exploration-tsxvpex-undervalued-bc-copper-explorer-reports-first-resource-estimate-8193Recording date: 20th April 2026Pacific Ridge Exploration is advancing two copper-gold porphyry projects in British Columbia's southern Toodoggone district during a period of elevated commodity prices. With copper trading around $6 per pound—triple the level when drilling commenced in 2021—the economics of the company's flagship Kliyul project have fundamentally improved.The company has defined a maiden resource of 334 million tons grading 0.33% copper equivalent at Kliyul, representing 5.7 million ounces of gold equivalent. This resource was discovered for approximately $15 million across 20,000 meters of drilling, demonstrating capital efficiency that CEO Blaine Monaghan believes provides significant leverage for future exploration. The deposit is characterized as a gold-rich system with a 2:1 gold-to-copper value ratio, offering exposure to both commodities.Management's explicit strategy is to build a resource large enough to attract merger and acquisition interest from major mining companies. The initial target of 500 million tons appears achievable through systematic step-out drilling at the Kliyul main zone, which remains open in multiple directions on 150-meter drill spacing. Beyond resource expansion, the company has identified three untested porphyry targets along a 6-kilometer mineralized trend—M39 and Klip being the highest priority—that offer discovery potential to enhance both resource size and grade profile.The RDP project presents additional upside through a concealed porphyry center interpreted to lie between two mineralized magnetic lobes. Only 12 modern holes have tested this target, with the 2026 program allocating 1,500 to 2,000 meters specifically to this high-priority zone.Despite resources comparable to peers trading 6-8 times higher, Pacific Ridge maintains a market capitalization of approximately $15 million. Management attributes this valuation discount to recent share dilution and limited news flow during winter months, factors they believe are now largely resolved. The company plans to drill a minimum of 4,000 meters at both projects during the 2026 field season, with results expected from late summer through year-end, providing multiple catalysts for market re-rating.View Pacific Ridge Exploration's company profile: https://www.cruxinvestor.com/companies/pacific-ridge-explorationSign up for Crux Investor: https://cruxinvestor.com