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In this episode, we have a returning guest who appeared in Jan 2025 (Episode 497), Juan Carlos, President and CEO of Canstar Resources, a TSX-Venture listed junior miner focused on mineral exploration in Newfoundland, Canada. Juan has 15 years of experience in executive management, capital markets, finance, and commercial and strategic development. Juan gives us an update on proceedings since we last spoke, their new JV agreement, VMS deposits, and why they are attractive propositions, their recently launched deep geophysics survey update, and discusses their unique board and what they bring to the company and much more. KEY TAKEAWAYS CanStar Resources has entered a significant joint venture with VMS Mining Corporation, which involves a phased investment totalling $11.5 million for a 60% ownership stake in CanStar's VMS assets. This structure is designed to be non-dilutive for existing shareholders. The Buckins District in Newfoundland is historically significant for its high-grade VMS deposits. CanStar's projects, Buckins and Mary March, are located in this area, which has seen limited exploration using modern geophysical techniques, suggesting substantial untapped potential. CanStar is also exploring its Golden Bay project, which has significant antimony potential. Antimony is critical for military and high-tech applications, and its rising demand presents a strategic opportunity for the company. CanStar plans to advance its exploration programs at both the Buckins and Mary March projects, with ongoing geophysical surveys and drilling activities. The company aims to execute its strategy efficiently in 2025, leveraging its partnerships and expertise to drive discoveries. BEST MOMENTS "CanStar Resources is a TSX-V listed junior that's focused on transforming neglected mineral systems into strategic assets for the next supercycle." "This joint venture... is non-dilutive and it's serious capital in the ground on an accelerated basis, really looking for a tier one discovery." "VMS deposits are very interesting in part because they're polymetallic... they give you economic flexibility and exposure to not only critical metals, but also precious metals." "The best place to look for a new deposit is in the shadow of the headframe." "Antimony is a mineral that is absolutely critical for military and high technology applications." VALUABLE RESOURCES Mail: rob@mining-international.org LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X: https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast Web: http://www.mining-international.org This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer: Insurance risk surveys recognised as an industry standard Construction risk reviews Asset criticality assessments and more Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com GUEST SOCIALS LinkedIn: ○ Canstar: https://ca.linkedin.com/company/canstar-resources ○ JCG: https://www.linkedin.com/in/jcgironjr/ ○ Will Upshur: https://www.linkedin.com/in/willupshur/ X (Twitter): https://x.com/Canstar_Rox Contacts: JCG: jc@canstarresources.com Will: will@canstarresources.com https://www.canstarresources.com/ ABOUT THE HOST Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace. CONTACT METHOD rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
Interview with Pascal Hamelin, President & CEO of Abcourt Mines Inc.Our previous interview: https://www.cruxinvestor.com/posts/abcourt-mines-tsxvabi-self-funded-high-grade-gold-mill-expands-4922Recording date: 20th May 2025Abcourt Mines (TSXV:ABI) is positioning itself as an emerging gold producer in Quebec, with plans to pour first gold from its 100%-owned Sleeping Giant mine in the second half of 2025. Led by President and CEO Pascal Hamelin, the company has transformed its strategy over the past three years, shifting focus from its unprofitable Elder mine to the high-grade Sleeping Giant project.The Sleeping Giant mine boasts approximately 400,000 ounces of gold resources at an impressive grade of 8 g/t, split evenly between indicated and inferred categories. With significant exploration potential to the east and at depth, Abcourt aims to expand this resource to one million ounces over the next two years using three drill rigs currently operating at the site.Financially, the company has secured an $8 million USD loan from Nebari and is finalizing additional equity financing to complete its funding requirements. Initial production is targeted at 10,000 ounces in the first year, ramping up to 30,000 ounces annually over a six-year mine life. With all-in costs projected at $1,400 USD per ounce, the operation promises substantial margins in the current gold price environment.The project benefits from existing infrastructure, including an operational mill that will initially run at only 40% capacity, creating future expansion opportunities. Multiple mining stopes are already prepared for immediate production once financing is finalized and workers are hired.Abcourt's strategy prioritizes extending the mine life before expanding production. As Hamelin explained: "Our focus will be 80% of the free cash flow, we'll go on Sleeping Giant to make sure that we're extending the life of mine."Beyond Sleeping Giant, the company holds a 500-square-kilometer land package with several earlier-stage assets that could eventually provide additional mill feed. With its modest market capitalization of approximately C$40 million, Abcourt presents a potential re-rating opportunity as it executes its transition to producer status during a favorable gold price environment.View Abcourt Mines' company profile: https://www.cruxinvestor.com/companies/abcourt-mines-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Simon Marcotte, President & CEO of Northern Superior Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/northern-superior-resources-tsxvsup-consolidating-next-big-gold-camp-6910Recording date: 15th May 2025Northern Superior Resources (SUP) presents a compelling investment opportunity through its strategic consolidation of the Chibougamou Gold Camp in Quebec. The company has successfully transformed what was once five separate companies into a two-player district alongside major partner IAMGold, creating critical mass around a combined 12.4 million ounce resource base.The investment thesis centers on Northern Superior's superior asset quality at Filibert, which offers 15-18% higher grades (1.1 g/t) compared to IAMGold's flagship Nelligan deposit (0.95 g/t). More importantly, optimization analysis demonstrates that minor cut-off adjustments could improve Filibert's grade by 40% while retaining 90% of the ounces. This grade advantage becomes crucial for bulk tonnage operations where early cash flow determines project viability and payback periods.Recent exploration success reinforces the value proposition. Northern Superior's latest discovery of 18 meters grading 2.5 g/t gold, including 5 meters at 7 g/t, opens significant underground potential beneath existing open pit resources. This follows the successful model at Detour Lake, where underground expansion has delivered exceptional profitability through higher-grade material.The timing is optimal. IAMGold is approaching "cruise control" at their Côte Lake operation and management has indicated their focus will shift to Chibougamou development, targeting 15+ million ounces across the camp. With all assets within trucking distance and designed to feed a central processing facility, the camp's proximity economics create substantial synergies.Multiple value creation paths exist: organic development, optimization partnerships with IAMGold, or potential takeout as the camp advances toward development. Given junior gold stocks trading at historic lows relative to gold prices and the structural advantages Northern Superior has built within this emerging district, the company offers leveraged exposure to both the macro gold thesis and micro execution excellence.—View Nothern Superior Resources' company profile: https://www.cruxinvestor.com/companies/northern-superior-resources-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Malcolm Dorsey, President & CEO of Torr Metals Inc.Recording date: 13th May 2025Torr Metals (TSXV:TMET) is a Canadian exploration company preparing for its maiden drill program at the Kolos Project in southern British Columbia—a road-accessible copper-gold porphyry target located near major producing mines like New Afton and Highland Valley. With strong early indicators including high-grade surface samples and a 1,300m x 800m geophysical anomaly at the Bertha Zone, Torr is targeting up to 3,000 meters of drilling in 2025.The Kolos Project benefits from exceptional infrastructure: it lies along Highway 5, 30 minutes from a lab in Kamloops, and requires no seasonal camp. This accessibility dramatically reduces costs and supports fast assay turnaround. CEO Malcolm Dorsey emphasizes that Kolos exhibits “a very large zone of hydrothermal alteration and mineralization,” consistent with porphyry systems sought by major miners.Torr's land position is strategically located within a competitive mining district. Majors like Teck, New Gold, Hudbay, Fortescue, and Boliden have recently staked nearby, signaling rising interest in the area. With New Afton and Highland Valley approaching end-of-life within 6–15 years, a discovery at Kolos could serve as a future feedstock source for local mills.Beyond Kolos, Torr offers exploration optionality with two additional projects: the Filion Gold Project in Ontario, featuring high-grade historic samples, and the Latham copper-gold project in northern BC, both aligned with the company's low-cost, highway-accessible strategy.With just 42 million shares outstanding, a ~$6M market cap, and 25% insider ownership, Torr Metals provides investors with high-leverage exposure to copper-gold discovery. As electrification drives long-term copper demand and supply tightens, Torr is positioned as an emerging junior in a region that majors are watching closely.Sign up for Crux Investor: https://cruxinvestor.com
Interview with Juan Garcia Valledor, GM Spain of Pan Global Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/pan-global-resources-tsxvpgz-poised-to-thrive-in-the-coming-copper-boom-6794Recording date: 13th May 2025Pan Global Resources (TSXV: PGZ) is making significant progress on its copper, tin, and gold exploration portfolio across Spain. Led by an experienced mine-building team, the company is advancing multiple promising projects with a clear development roadmap.The flagship La Romana deposit continues to expand, now extending 1.7 km in strike length with consistent copper and tin mineralization. With nearly 190 drill holes completed, Pan Global is approaching a maiden resource estimation expected in 2025, followed by a Preliminary Economic Assessment in 2026. Company leadership is confident that "La Romana is clearly in the way to be a mine."Recent drilling at La Pantoja, 500 meters west of La Romana, intersected high-grade copper (1.5%) and tin (0.1%), potentially extending the resource footprint. Meanwhile, exploration at the northern Cármenes and Profunda projects has revealed impressive gold values exceeding 3g/t over 37 meters and copper samples grading over 5%.Pan Global's strategic advantage comes from its location in Andalusia, one of Europe's most mining-friendly jurisdictions with supportive local communities and administration. The Spanish government is developing a new mining exploration framework, with Pan Global contributing to the process.The company's approach differs from typical grassroots explorers, with a management team that includes multiple mining engineers preparing for development phases. Environmental and social groundwork is already underway, reflecting the company's commitment to responsible practices.With 7,000 meters of drilling planned for 2025 and multiple high-potential targets within trucking distance of each other, Pan Global envisions potentially consolidating several deposits into a standalone mining operation, with alternative options including toll milling at nearby facilities.As Europe seeks secure sources of critical minerals for electrification and decarbonization, Pan Global's multi-metal portfolio in an EU-aligned jurisdiction offers a compelling investment case amid structural supply constraints for copper and increasing demand for tin in technology applications.View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Ian Harris, President & CEO of Outcrop Silver & Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-tsxvocg-why-eric-sprott-holds-199-of-this-high-grade-silver-opportunity-6786Recording date: 12th May 2025Outcrop Silver & Gold (TSXV: OCG) is advancing one of the highest-grade primary silver projects globally, with CEO Ian Harris leading a disciplined approach to resource expansion and valuation growth.The company currently holds 37 million ounces of silver and aims to reach at least 60 million ounces in the near term, with ambitions to exceed 100 million ounces within the next 18-24 months. This expansion is supported by a fully-funded $12 million drill program, which has already delivered promising results including intercepts of "20 meters at 992 grams per tonne silver."Harris emphasizes a strategic approach that decouples valuation from volatile silver prices, focusing instead on creating measurable returns through resource expansion for every dollar invested. This disciplined stance aims to mitigate dilution risks while ensuring consistent growth regardless of market fluctuations.The company is pursuing a "starter-scale" development strategy, planning a smaller initial operation to reduce capital requirements and accelerate cash flow generation. This approach mirrors successful models in the gold sector, providing a more accessible pathway to production in today's challenging financial environment.The broader macroeconomic backdrop offers supporting factors for silver demand, including global debt accumulation and shifts away from the US dollar toward alternative assets. These trends potentially strengthen the fundamental case for silver investments over the medium-to-long term.In the current M&A landscape, Harris notes that acquisitions primarily reward producing assets rather than exploration-stage projects, underlining Outcrop's strategy to advance quickly toward initial production to enhance its strategic appeal.With strong exploration results underpinning near-term valuation catalysts and a clear pathway to growth, Outcrop Silver & Gold represents a disciplined approach to silver resource development in a market increasingly favorable to precious metals investments.View Outcrop Silver & Gold's company profile: https://www.cruxinvestor.com/companies/outcrop-silver-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with Mark Selby, CEO of Canada NickelOur previous interview: https://www.cruxinvestor.com/posts/canada-nickel-tsxvcnc-crawford-project-advances-with-feed-completion-eyes-2025-construction-6791Recording date: 13th May 2025Canada Nickel Corporation (TSX: CNC) presents a compelling investment opportunity as it advances North America's most promising nickel project in the face of unprecedented government support and institutional capital returning to the mining sector. CEO Mark Selby's leadership has positioned the company to capitalize on what he describes as "the world's largest nickel sulfide district" in Timmins, Ontario, with the flagship Crawford project now approaching a construction decision after completing its FEED study and progressing through permitting.The company's innovative financing strategy has set it apart during challenging capital markets, executing its fourth successful bridge financing arrangement to avoid dilutive equity raises while maintaining project momentum. Recent financing totaling $39-40 million, including a groundbreaking partnership with TTN First Nation, demonstrates management's ability to access capital through non-traditional channels. This approach recognizes the fundamental shift in mining finance, where actively managed funds have "shrunk very dramatically over the last 15 years" and become concentrated in gold, copper, and silver.Political tailwinds have never been stronger for critical mineral projects in North America. The Trump administration's supply chain security focus, combined with Canada's new government under Carney promising to accelerate critical mineral development, creates multiple funding pathways for projects like Crawford. The Canadian government has established numerous funding programs worth billions, though deployment has been slow until now. With both governments prioritizing critical mineral security and upcoming USMCA renegotiations, Canada Nickel is positioned to benefit from what Selby describes as "monster bold steps forward" in government support.Unlike many nickel companies dependent solely on the EV market, Canada Nickel has strategically designed its operations for market flexibility. The company can direct 100% of production to the stainless steel and alloy markets, which continue to show strong growth (China's 300 series stainless production up 12% year-over-year), while maintaining optionality for EV sales through its Samsung SDI offtake agreement. This diversification provides crucial revenue stability as some automotive manufacturers, including Honda, reassess their EV timelines.Perhaps most significantly for near-term share price performance, generalist institutional investors are returning to mining after a decade-long absence. Selby reports that recent conferences included multiple meetings with generalist funds, representing a fundamental shift from resource-only investors. These funds see relative value in a sector trading at "5 and 10% of NPV" compared to broader markets at high multiples. When generalist capital moves from "0.05% of assets to 0.1% to 0.25%," it creates what Selby describes as "a tidal wave of capital."The company has outlined a comprehensive $3 billion funding package with multiple committed sources including $500 million from Export Development Canada, $600 million in refundable tax credits, $100 million from Samsung, and additional potential funding from European agencies and Canadian government programs. With permitting on track for year-end completion and detailed engineering advancing, Canada Nickel is positioned to make its final investment decision and benefit from first-mover advantage in one of the world's most promising nickel districts.For investors, Canada Nickel represents exposure to critical mineral supply chain security, innovative financing structures, and the convergence of government support with returning institutional interest—all while maintaining operational flexibility that provides downside protection in volatile markets.—View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com
Interview with George Salamis, President & CEO of Integra Resources Corp.Our previous interview: https://www.cruxinvestor.com/posts/integra-resources-tsxvitr-strong-q1-gold-production-61m-cash-position-7023Recording date: 8th May 2025Integra Resources is transforming from a development company into a U.S.-based gold producer following its acquisition of Nevada's Florida Canyon mine in late 2024. The company now balances a producing asset with two development-stage projects, including its flagship Delamar project in Idaho.At Florida Canyon, Integra has launched a strategic 10,000-meter drill program targeting mine life extension. The campaign focuses on previously underexplored areas including historical mine dumps, zones between existing pits, and lateral extensions. CEO George Salamis describes these targets as "low-hanging fruit" with potential to consolidate multiple smaller pits into larger operations.A key advantage in Integra's approach is self-funding exploration through operational cash flow from Florida Canyon, reducing dependency on capital markets and avoiding shareholder dilution. This financial independence allows the company to execute multi-phase exploration without needing additional equity raises.The current gold price environment creates opportunities to reprocess previously uneconomic low-grade material that was mined when gold traded at $1,000-$1,200 per ounce. Salamis believes the updated resource estimate expected by early 2026 could extend mine life from six to potentially eight or nine years.Beyond immediate operations, Integra controls a highly prospective 10-kilometer trend and plans to begin regional drilling in late 2025, synthesizing decades of historical data with expert input from former exploration managers.The company is benefiting from a favorable U.S. policy environment that increasingly views domestic gold production as strategically important. Salamis reports unprecedented regulatory support, with officials suggesting ways to accelerate permitting from "five to seven years" down to "a year or two."This dual approach of extending existing operations while exploring regional potential positions Integra to appeal to both production-focused investors seeking cash flow and margins, and exploration-oriented shareholders looking for discovery upside in a supportive regulatory environment.View Integra Resources' company profile: https://www.cruxinvestor.com/companies/integra-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Justin van der Toorn, President & CEO of Greenheart Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/greenheart-gold-tsxvghrt-proven-team-pursues-new-gold-discoveries-in-guyana-6280Recording date: 8th May 2025Greenheart Gold is an emerging gold explorer focused on early-stage discovery in the Guiana Shield, spanning Guyana and Suriname. Formed as a spin-out from Reunion Gold and G-Mine Adventures, the company is led by CEO Justin van der Toorn and staffed by a proven technical team from Reunion. Greenheart pursues a rigorous, data-driven strategy—advancing only those targets with clear signs of mineralization while rapidly dropping underperformers.The company is actively exploring five projects, including Majorodam and Igab in Suriname, and Tamakay, Abuya, and Tosso Creek in Guyana. At Majorodam, early RC drilling yielded standout intercepts such as 6m at 8–9 g/t Au and 30m at 2 g/t Au. The site's favorable access and geological setting prompted the team to move quickly from soil sampling to drilling, bypassing traditional trenching due to surface conditions. At Igab, located near Newmont's Merian mine, widespread anomalies and visible gold suggest a high-potential discovery zone.In Guyana, the company has shown discipline by reducing its footprint at Tamakay after inconclusive geochemical results, while continuing focused work in historically mined zones. At Tosso Creek, early soil anomalies and structural indicators have positioned the project for a LIDAR survey and follow-up drilling in 2025.Greenheart's outsourced data management ensures QA/QC integrity, reinforcing confidence in its exploration process. With strong financial backing, road-accessible projects, and proximity to major operations, Greenheart is well-positioned to deliver meaningful results in a region known for untapped gold potential. For investors seeking early-stage leverage to discovery in one of the world's most prospective gold terrains, Greenheart Gold offers a disciplined and technically robust platform for growth.View Greenheart Gold's company profile: https://www.cruxinvestor.com/companies/greenheart-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with Gwen Preston, VP Communications of West Red Lake Gold Mines Ltd.Our previous interview: https://www.cruxinvestor.com/posts/actual-gold-mine-builders-discussing-the-reality-vs-theory-of-getting-into-economic-production-7040Recording date: 7th May 2025West Red Lake Gold Mines (TSXV: WRLG) is poised to restart production at its flagship Madsen gold mine in Red Lake, Ontario by mid-2025. After a comprehensive two-year turnaround effort, the company has successfully validated its mining plan through a 15,000-tonne bulk sample that closely matched predicted grades and tonnage.Mining operations are already underway with stockpiles being accumulated to ensure a smooth production launch. The company plans to begin at 600 tonnes per day, ramping up to 800 tonnes per day by the end of 2025, with future expansion potential given the mill's 1,100 tonne per day capacity.The bulk sample generated over $8 million USD in revenue while confirming the accuracy of the company's geological model. This success comes after WRLG completed 90,000 meters of definition drilling since 2023, addressing issues that led to the mine's previous operational failure under different ownership.Current elevated gold prices, now significantly higher than the $1,680/oz used in previous planning, have allowed the company to expand stope sizes and reduce cut-off constraints. This improved economics has shifted mining preferences toward more cost-efficient long-hole stoping methods.The project boasts strong metallurgical performance with 95% gold recovery rates and competent host rocks that reduce geotechnical risks. Regular updates, including drill results every six weeks, are planned as the company progresses toward full production.West Red Lake Gold Mines represents an attractive investment opportunity as a near-term producer with a validated resource model, strong gold price tailwinds, low technical risk, scalable infrastructure, visible cash flow, and compelling valuation. The company is strategically positioned to deliver ounces into a favorable gold price environment while competitors face capital constraints and project delays.View West Red Lake Gold Mines' company profile: https://www.cruxinvestor.com/companies/west-red-lake-gold-mines-incSign up for Crux Investor: https://cruxinvestor.com
Canadian Gold Corp (TSX.V: CGC | OTC: STRRF) CEO Michael Swistun joins me for an in-depth introduction to the company, its flagship Tartine Mine, and a potential near-term mine restart. Located near Flin Flon, Manitoba, the historic Tartine Mine produced 47,000 ounces of gold in the late 1980s. Now, with high-grade drill results, infrastructure in place, and rising gold prices, Canadian Gold Corp is advancing exploration and evaluating a restart. In this interview, Michael outlines: The historic resource of 240,000oz at 6.32 g/t and how recent drilling has extended high-grade mineralization beyond 1,000m vertical depth. Details of the ongoing 9,000m drill program, including results from the South Zone and potential for additional ounces per vertical meter. A clear restart strategy, supported by legacy infrastructure, permitting advantages, and a tight-knit regional mining community. The backing of Rob McEwen, along with McEwen Mining, now owns nearly 40% of the company and recently exercised warrants for over 3M shares. If you have any follow up questions or want me information on any aspect of the company please comment below or email me at Fleck@kereport.com. Click here to visit the Canadian Gold Corp website.
Interview with George Salamis, President & CEO of Integra Resources Corp.Our previous interview: https://www.cruxinvestor.com/posts/integra-resources-tsxvitr-us-gold-producer-on-path-to-300000-oz-pa-6833Recording date: 23rd April 2025Integra Resources (TSX: ITR; NYSE: ITRG) has successfully transformed from a development-stage company into a producing gold miner with the acquisition of the Florida Canyon mine, creating a compelling investment opportunity in the gold sector. The company's recent Q1 2025 results showcased robust production of 19,323 ounces of gold and established a solid financial foundation with $61.1 million in cash, demonstrating the operational and financial strength that underpins its growth strategy.The company's three-asset portfolio in the western United States creates a clear path to significant production growth. Florida Canyon currently produces approximately 75,000 ounces annually, but with the planned development of DeLamar and Wildcat, Integra aims to reach approximately 300,000 ounces of annual production. This growth trajectory follows a self-funded model where "one asset pays for the second which pays for the third," eliminating the need for dilutive equity financing that has historically constrained the company's ability to create shareholder value.The timing of Integra's transformation could not be more opportune, with gold prices reaching record levels around $3,400 per ounce. This price environment has dramatically enhanced the economics of Florida Canyon beyond initial expectations when the acquisition was made. While implementing prudent risk management through a put option strategy with a floor of $2,400 for 75% of 2025's expected production, Integra maintains full exposure to gold price upside, creating an attractive risk-reward profile.Integra has assembled what CEO George Salamis describes as a "builder's team" with the technical expertise to both operate existing mines and develop new projects. Key additions include COO Cliff LaFleur from Silvercrest and VP of Permitting Dale Kerner from Perpetua Resources, strengthening the company's ability to execute its development strategy. The current U.S. administration's supportive stance toward domestic mining projects further enhances Integra's operating environment, potentially accelerating permitting timelines for both DeLamar and Wildcat.From a valuation perspective, Integra currently trades at approximately 0.35x price-to-net asset value, compared to a junior producer peer average of 0.6x, suggesting significant potential for revaluation as the company executes its growth strategy. This discount largely stems from the market's focus primarily on Florida Canyon's value while attributing little value to the development-stage assets. As Integra advances DeLamar and Wildcat toward production using internally generated funds, this valuation gap should narrow.The company's strategic focus on optimization initiatives at Florida Canyon, including improvements to the electrowinning circuit, carbon-in-column circuit, and potential fleet upgrades, presents additional opportunities to enhance cash flow beyond current levels. These incremental improvements, combined with a planned 10,000-meter exploration program aimed at extending Florida Canyon's mine life beyond six years, could provide near-term catalysts for share price appreciation.For investors seeking exposure to gold with a combination of current production and significant growth potential, Integra Resources offers a compelling investment case. The company's transition from a perpetual fundraising cycle to a self-funded growth model, coupled with its experienced management team and strategic asset base in a favorable jurisdiction, positions it well to deliver substantial returns as it executes its clearly defined path to becoming a mid-tier gold producer.—View Integra Resources' company profile: https://www.cruxinvestor.com/companies/integra-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Chad Peters, President & CEO of Ridgeline Minerals Corp.Our previous interview: https://www.cruxinvestor.com/posts/ridgeline-minerals-tsxvrdg-hits-high-grade-gold-validating-nevada-prospect-generator-model-6223Recording date: 21st April 2025Ridgeline Minerals, a Nevada-focused exploration company, is leveraging its innovative hybrid business model to execute an ambitious $11 million USD drilling campaign across five projects in 2025, representing nearly 50% of its current market capitalization. The company's unique approach combines major partnerships with self-funded exploration, allowing it to maintain aggressive exploration activity while minimizing shareholder dilution.Led by President and CEO Chad Peters, Ridgeline has secured strategic partnerships totaling $60 million with industry giants Nevada Gold Mines (Barrick-Newmont joint venture) and South32. These agreements provide full funding for exploration while preserving Ridgeline's carried interests through to commercial production—25% on gold projects—essentially ensuring no shareholder dilution through the development phase.The company's flagship Swift project, backed by a $30 million deal with Nevada Gold Mines, sits just 4 kilometers from a 23-million-ounce gold mine and has already demonstrated significant potential with drilling results of up to 1.5 meters at 10 grams per ton gold. The Black Ridge project, another NGM partnership worth $10 million, is positioned between the high-grade Leeville mine and the massive 40-million-ounce Goldstrike deposit.South32's $20 million partnership at the Selena project targets Carbonate Replacement Deposits (CRDs) similar to their $2 billion Taylor acquisition. Recent geophysical surveys have identified identical anomalies to those at Taylor, with Ridgeline managing a $3.5 million deep drilling program in 2025 while earning 10% management fees.Ridgeline is also advancing two wholly-owned projects: Big Blue, a historic copper mine targeting porphyry mineralization, and Atlas, an oxide gold project with surface values up to 8 g/t along a 3-kilometer trend. The company's 2025 catalyst timeline includes drill results from May through early 2026, providing continuous news flow for investors.With gold at all-time highs and major mining companies facing reserve replacement challenges, Ridgeline's hybrid model positions it perfectly for current market conditions. Peters notes that majors are "making tons of money right now" but face the prospect of overpaying for assets in the future, creating an ideal environment for exploration partnerships.Trading at approximately C$30 million market cap, Ridgeline sits in what Peters calls the "pre-discovery sweet spot," comparable to successful companies like Kirkland Lake Gold that followed similar hybrid models before rerating on discoveries. With multiple discovery opportunities, protected upside through carried interests, and continuous drilling catalysts throughout 2025, Ridgeline offers investors compelling leverage to exploration success in Nevada's premier mining districts.View Ridgeline Minerals' company profile: https://www.cruxinvestor.com/companies/ridgeline-mineralsSign up for Crux Investor: https://cruxinvestor.com
Interview with Dev Randhawa, Chairman & CEO of F3 Uranium Corp.Our previous interview: https://www.cruxinvestor.com/posts/f3-uranium-tsxvfuu-high-grade-jr-zone-exploration-continues-with-5m-program-in-2025-6716Recording date: 16th April 2025F3 Uranium has announced a significant new uranium discovery in Canada's Athabasca Basin, featuring 33 meters of mineralization with radiation counts exceeding 37,000 CPS (counts per second). This discovery represents the company's fourth major find in the region and is approximately 50% larger than their previous JR zone discovery, which spans 22 meters.CEO Dev Randhawa explained the significance of the find: "We found 23 meters of highly radioactive material and in it there were parts over 37,000 counts per second. So we know we've hit something. The mineralization is over 33 meters and JR zone is only 22 meters."Located at a depth of approximately 400 meters, the new discovery is situated about 56 miles from the Triple R and Arrow deposits being developed by Paladin Energy and NexGen Energy. This positioning is considered favorable compared to competitors' projects at 800 meters or deeper.Randhawa highlighted the unique aspects of uranium exploration, noting that unlike gold or copper, uranium discoveries can be immediately identified through physical characteristics. "The unique thing about uranium drilling is you don't need assays to know if you've hit something. When you first look at it, you can smell it. It's a bad smell. It's black pitch blend."Despite the significance of the discovery, market reaction has been muted, which Randhawa attributes to broader uncertainties around uranium tariffs and geopolitical factors. "I just think the time we're in right now... the bigger issue is that the tariffs, people have this idea first of all overall market is spooked."F3 Uranium is financially well-positioned with approximately $17 million in cash and is considering additional fundraising to support exploration through the summer. The company plans to drill additional holes to confirm findings before the seasonal "breakup" period when thawing conditions temporarily halt exploration.The company operates on a clear business model of discovering uranium deposits, developing them to a certain stage, and then selling them to larger mining companies. This strategy has proven successful multiple times, with Randhawa noting: "We're not in the business of mining. We find it and sell it."Amid growing demand for nuclear power from traditional utilities and tech companies like Microsoft and Amazon, Randhawa emphasized the fundamental supply-demand imbalance in the uranium market, making this discovery particularly timely. "We need lots of power, and there's nothing cleaner than nuclear power."View F3 Uranium's company profile: https://www.cruxinvestor.com/companies/f3-uranium-corpSign up for Crux Investor: https://cruxinvestor.com
Interview with Kiran Patankar, President & CEO of Maple Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/maple-gold-mines-tsxvmgm-abitibi-project-targets-5moz-resource-post-100-consolidation-6496Recording date: 16th April 2025Maple Gold Mines has announced impressive drill results from its Douay gold project in Quebec, highlighted by a 300-meter step-out hole at the Nika zone that produced what CEO Kiran Patankar described as "spectacular intercepts" over thick, continuous sections. The notable intercept included approximately 100 meters grading 2 g/t gold, with higher-grade sections of 56 meters at 3 g/t and 17 meters at 5 g/t.These results come from the first five holes of the company's ongoing 10,000-meter drill program, representing the first meaningful drilling at the property in over two years. The market has responded positively with sustained share price appreciation following the announcement.Maple Gold currently controls a 3-million-ounce resource at Douay, with management expressing confidence in expanding this to 5 million ounces. The Nika zone, which currently accounts for less than 100,000 ounces of the overall resource, shows significant growth potential based on recent drilling.The company has undergone substantial transformation since Patankar became CEO in August 2023, including restructuring its joint venture with Agnico Eagle, rebuilding its technical team, and implementing new exploration methodologies. Rather than pursuing what Patankar calls "fluke-style moonshot drilling," the company has adopted a systematic approach involving extensive relogging of historical drill core, rebuilding geological models, and creating new structural interpretations."We've changed our corporate culture, we've instilled exploration and site management and corporate management best practices," said Patankar. "A CEO's job in my view is simple: we're here to build lasting value for shareholders, not just to manage the share price."Despite gold prices appreciating approximately 20% in 2025 to record levels above $3,000 per ounce, Maple Gold trades at a discount to peers at approximately $6-7 per ounce on an enterprise value basis. The company is fully funded for its current exploration program and is operating on time and under budget.Looking forward, Maple Gold has outlined a $6.3 million budget for 2025, described as "one of the biggest programs" undertaken on the project. The company aims to update its resource estimate and potentially advance toward preliminary economic studies, considering both open-pit and underground mining scenarios.Additionally, Maple plans to explore its Joutel project later this year, which includes the past-producing Eagle Mine (the namesake of Agnico Eagle) and represents further upside potential not currently reflected in the company's valuation.View Maple Gold Mine's company profile: https://www.cruxinvestor.com/companies/maple-gold-mines-ltdSign up for Crux Investor: https://cruxinvestor.com
Interview with Peter Van Alphen, President & CEO of Nuvau Minerals Corp.Recording date: 11th April 2025Nuavu Minerals is set to transform the historic Matagami mining camp in Quebec, Canada through a dual strategy of near-term production and extensive exploration across its substantial 1,300 square kilometer property. Under the leadership of President and CEO Peter van Alphen, the company is nearing completion of an earning agreement with Glencore that will grant them 100% ownership of this past-producing base metal asset.The company plans a two-phase production approach, beginning with restarting the recently closed Bracemac McLeod mine, which contains approximately one million tons of resource with a potential to expand to two million tons. This "starter mine" would provide roughly three years of production while the company develops the Caber complex on the western side of the property. The Caber complex contains approximately 10 years of defined resources across three deposits, representing the first significant development on the western portion of the property in the camp's 60-year production history.A key advantage for Nuavu is the relatively modest capital requirement of approximately $50 million to restart operations, including refurbishing the existing 3,000-ton-per-day mill, which they have the option to acquire for $5 million. Van Alphen estimates the total infrastructure value included in the deal at $300-400 million.The exploration potential is equally compelling, with over 80 VMS-style deposit targets identified across the property. Perhaps most intriguing is the recently discovered gold potential, which includes what may be the highest gold grain count ever found in the Abitibi region, with over 2,000 grains of pristine gold particles per 10kg sample. The property sits on the Sunday Lake deformation zone, which hosts major gold deposits along strike.Van Alphen brings valuable experience from FNX Mining, Lake Shore Gold, Tahoe Resources, and Premier Gold, with a track record of revitalizing past-producing mines through hands-on management. "This could be the FNX of Quebec," he notes, drawing parallels to previous successful mine restarts.With strong community support in Matagami, a mining-friendly jurisdiction in Quebec, and a targeted production start in 2027, Nuavu is positioning itself at the intersection of near-term production potential and significant exploration upside in both base metals and gold, creating multiple potential value drivers for the company as it works to revitalize this historic mining region.Sign up for Crux Investor: https://cruxinvestor.com
Interview with Sam Spring, President & CEO of Kincora Copper Ltd.Our previous interview: https://www.cruxinvestor.com/posts/kincora-copper-tsxvkcc-explorer-advances-12-project-portfolio-through-major-partnerships-6580Recording date: 7th April 2025Kincora Copper has strategically shifted to a project generator business model, securing six asset-level deals that could unlock over $110 million in partner funding for exploration. This approach allows the company to advance its portfolio while minimizing shareholder dilution during challenging market conditions.The company's flagship partnership with AngloGold Ashanti consolidates a 100-kilometer strike with potential $100 million earn-in funding. Active exploration is underway, with the 12th drill hole currently in progress. The relationship extends beyond mere funding, with Spring describing it as "a real partnership and collaboration" that includes knowledge-sharing and technical expertise.Kincora's core objective is to manage approximately $10 million in annual partner-funded exploration, earning a 10% management fee to cover general and administrative expenses. This would create a self-sustaining business model that eliminates the need for regular dilutive financings.While AngloGold Ashanti is a key partner, Kincora has diversified its relationships with partners including Fleet Space, which provides ambient noise tomography technology; Earth AI, which is earning into an NSR royalty only if they make a discovery; and OB1 for their Mongolian assets.The company maintains a portfolio of 14 projects, primarily focused on porphyry copper-gold exploration in New South Wales, Australia. They're particularly interested in the undercover northern extensions of the Macquarie Arc, a region that has already produced world-class deposits and seen $16 billion in M&A activity.For more advanced projects like Trundle, Fairholme, and Jemalong, Kincora is being selective with partnerships, preserving these assets for potentially more favorable deals. CEO Sam Spring explained, "We're not going to go out there and do a cheap deal for Trundle. We know it's got existing large mineral systems."Despite the strategic progress, Kincora's share price has faced pressure, trading down from "six, six and a half" to "the twos." Spring attributes this partly to a significant shareholder offloading shares, a situation he suggests is nearing resolution.Looking ahead, Kincora has multiple potential value catalysts, including ongoing drilling results, new exploration initiatives, and potential new partnerships. The company aims to reach $10 million in annual partner-funded exploration while creating significant upside exposure to discovery potential in one of Australia's premier porphyry copper-gold districts.View Kincora Copper's company profile: https://www.cruxinvestor.com/companies/kincora-copper-limitedSign up for Crux Investor: https://cruxinvestor.com
Interview with Frederick Bell, CEO, Elemental Altus Royalties CorpOur previous interview: https://www.cruxinvestor.com/posts/elemental-altus-royalties-tsxvele-consolidating-cash-flowing-gold-royalty-portfolio-6093Recording date: 9th of April, 2025Elemental Altus Royalties Corp is positioning itself for a transformative 2025, projecting to nearly double its revenue amid favorable gold prices and strategic acquisitions. The company anticipates revenue to reach approximately $45 million in 2025, up from $21.6 million in 2024, representing a 100% increase.CEO Frederick Bell recently outlined the company's evolution from a private million-dollar entity to a fast-growing gold and copper royalty company with a market capitalization over $200 million. Two major factors driving this growth are the consolidation of the AlphaStream portfolio, expected to contribute an additional $7-8 million in revenue, and the startup of the Karlawinda royalty with Allied Gold."This year Q1 is going to be a record, Q2 is going to be a record by a large margin," Bell stated, noting that unlike previous years, much of the revenue growth is weighted toward the first half of 2025.The company has strengthened its board with three significant additions: Prashant Francis from AlphaStream (a 14% shareholder), Matthieu Bos of Falcon Energy Materials, and Sandeep Singh, former CEO of Osisko Gold Royalties. These appointments enhance the company's North American market presence and deepen its royalty sector expertise.Financially, Elemental Altus has paid down all $30 million of its previously drawn debt, leaving it with an undrawn credit facility and the strongest balance sheet in its history. With a fixed cost structure of approximately $10 million (including $6 million in G&A and $4-4.5 million in taxes), the growing revenue directly improves margins.Bell believes the company presents compelling value, trading at approximately 6.5 times projected 2025 revenue compared to junior peers at 10x, mid-tiers at 15x, and majors at 20x. The company offers diversified exposure to 10 producing assets and 60-70 exploration/development royalties covering 13,500+ square kilometers.The royalty model provides unique advantages in the current inflationary environment, as royalties come off top-line revenue. "For the royalty company, you have more downside protection... you don't have the inflation side of it and you have all the exposure to the upside," Bell explained.With $15-20 million in cash expected to build on the balance sheet, management is evaluating various capital allocation strategies, including potential acquisitions (ranging from $1 million to $50-60 million), share buybacks through its newly established normal course issuer bid, and potentially introducing a dividend.Learn more: https://www.cruxinvestor.com/companies/elemental-altus-royaltiesSign up for Crux Investor: https://cruxinvestor.com
Interview with Justin Black, CMO, and Jean-Paul Tsotsos, Interim CEO of Chesapeake Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/chesapeake-gold-tsxvckg-innovative-technology-new-gold-ounces-5163Recording date: 7th April 2025Chesapeake Gold has developed a groundbreaking oxidation technology that could revolutionize how refractory gold deposits are mined globally. The company's Metates deposit in Mexico, containing 17 million ounces of gold and 423 million ounces of silver, was previously considered too challenging to develop economically due to its refractory nature, where gold is trapped in sulfide minerals.The proprietary technology transforms sulfide ore into oxide ore through an accelerated oxidation process, making previously unrecoverable gold accessible through conventional heap leaching. This innovation essentially compresses what would naturally take "100 million years" into just months, by applying special reagents that strip sulfur from pyrite crystals and replace it with oxygen.The economic impact is dramatic. Previous development plans for Metates required pressure oxidation autoclave technology with a capital expenditure of approximately $3.5 billion for a 90,000 ton per day operation, yielding a sub-10% internal rate of return (IRR). With the new technology, Chesapeake can start with a 15,000 ton per day operation at a capital cost of just $360 million, achieving a 35% IRR and all-in sustaining costs of approximately $750 per ounce.Justin Black, Chesapeake's Chief Metallurgical Officer who previously worked with the technology at Hycroft Mining, demonstrated its effectiveness on a commercial scale with a 150,000-ton test pad. Material that initially had only 20% recoverable gold achieved 80-90% recovery after treatment. For Metates specifically, tests showed that material oxidized for 204 days reached nearly 75% gold recovery compared to just 33% for untreated ore.Beyond economics, the technology offers significant environmental advantages over traditional methods for processing refractory ores, including lower water consumption, reduced energy usage, and lower greenhouse gas emissions.According to CEO Jean Paul Tsotsos, this technology could unlock a market worth approximately $1.5 trillion in currently inaccessible gold resources. McKinsey estimates approximately 580 million ounces of gold globally are considered refractory, with these deposits typically offering higher grades (averaging 2.25 g/t versus 1.21 g/t for non-refractory deposits).The company has identified over 200 deposits globally where the technology could apply and is advancing on multiple fronts, including continuing test work, analyzing samples from other companies, and planning to establish a pilot plant to further demonstrate the technology's effectiveness.View Chesapeake Gold's company profile: https://www.cruxinvestor.com/companies/chesapeake-goldSign 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-pfs-reveals-low-capex-starter-gold-mine-with-47-irr-6439Recording date: 7th April 2025Cabral Gold (TSX-V: CBR) is rapidly advancing its district-scale Cuiú Cuiú gold project in northern Brazil, with recent high-grade drill results significantly enhancing the project's potential. The company's latest discovery at Machichie Northeast delivered an exceptional intercept of 12 meters at 27.7 g/t gold, following previous results including 11 meters at 33 g/t gold. These represent "two of the best holes we've ever drilled on the project," according to President and CEO Alan Carter, indicating substantial resource growth potential beyond the current 1.3 million ounce estimate.The company is pursuing a strategic two-phase development approach that addresses the capital constraints typically facing junior miners. The initial phase targets shallow, oxidized material amenable to heap leach processing, minimizing capital expenditure while establishing cash flow to fund further exploration of the property's district-scale potential. This approach allows Cabral to "get off this hamster wheel" of dilutive financing, as Carter describes it, and "be in control of our own destiny" through self-generated revenue.Economics for the project appear compelling, particularly in the current gold price environment. The Preliminary Feasibility Study (PFS) completed in October 2024 projected a 47% post-tax rate of return based on a conservative gold price of $2,250 per ounce. With gold currently trading above $3,000 per ounce, the potential returns could be substantially higher. All-in sustaining costs of approximately $1,000 per ounce suggest potential operating margins exceeding $2,000 per ounce at current prices.An updated PFS expected in May 2024 will incorporate the Machichie Main deposit, potentially enhancing the already robust economics. While the recently discovered high-grade Machichie Northeast zone won't be included due to insufficient drilling density, its proximity to planned mining areas (approximately 650 meters from the initial MG deposit) makes it a compelling target for rapid development. The high-grade material may require a supplementary gravity plant alongside the planned heap leach facility, with metallurgical work currently underway.The exploration upside at Cuiú Cuiú is particularly noteworthy, with over 50 gold targets identified across the property. Carter highlights the project's scale by comparing it to G-Mining's neighboring operation, noting that "Cuiú Cuiú has a much bigger footprint... it's sort of seven to ten times larger" based on soil anomalies and historic production. Some targets include boulder fields with material "averaging sort of 75 grams, 90 grams a ton. Gold, not silver."Financing discussions for the initial production phase are advancing, with interest from "all sorts of different parties" including traditional lenders, streaming companies, end users, and strategic investors. The company aims to secure financing by July 2024, with construction potentially beginning in the third quarter. With a 12-month build time and simplified processing approach requiring "no drilling and blasting, and no crushing and grinding," Cabral could be positioned for production by late 2025.—View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with Allen Sabet, CEO of Mogotes Metals Inc.Recording date: 1st April 2025Mogotes Metals Inc. is positioning itself as a significant player in copper-gold exploration, with strategic holdings directly adjacent to Filo Mining's Filo del Sol discovery in Argentina's prolific Vicuña District. The Filo del Sol property was recently acquired by BHP-Lundin for C$4.5 billion, highlighting the district's exceptional mineral potential.Led by CEO Allen Sabet, Mogotes has taken a methodical approach to exploration, focusing on comprehensive data collection before drilling. "To mitigate the risk of drilling into nothing, we take a step back and do a full property-wide systematic program," explains Sabet. This approach has allowed the company to identify multiple exploration targets across its Filo Sur Project.The company has invested over $10 million in exploration work, utilizing advanced techniques including MT geophysics, IP surveys, and high-resolution satellite imagery for alteration mapping. These methods have revealed compelling targets with geological signatures similar to neighboring discoveries.Key exploration targets include Meseta, located on the Mogotes-Filo property boundary with rock chip samples showing up to 1.48 g/t gold; Camino, featuring phyllic alteration with copper, molybdenum and arsenic in surface soils; Rincon, a newly identified trend with promising trench results; Cruz del Sur, with magnetic chargeable targets close to surface; and Colorida Zone, showing large conductive anomalies.Mogotes recently optioned additional claims that secure the projection of the Filo del Sol trend, strengthening its strategic position. "We've locked up strategically over the last two years any open ground that was there and now we've closed that with our most recent transaction," Sabet notes.The company plans to begin its first comprehensive drilling program in October 2025, with current work focused on further defining targets through trenching and additional geophysical surveys.With a market capitalization of approximately C$33 million and C$8 million in cash as of February 2025, Mogotes represents a leveraged opportunity for copper exposure. Management and insiders hold 18% of the company's 247.5 million outstanding shares, with institutional investors holding 36%.As global copper demand is projected to double by 2035 while mine supply faces constraints, the Vicuña District offers rare potential for multiple world-class discoveries. Mogotes provides investors access to this promising trend at a fraction of the valuation of its neighbors.View Mogotes Metals' company profile: https://www.cruxinvestor.com/companies/mogotes-metalsSign up for Crux Investor: https://cruxinvestor.com
Interview with Hugh Agro, President & CEO, and John Meyer, VP Engineering & Development of Revival Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/revival-gold-tsxvrvg-positioned-for-a-rising-gold-market-in-2025-6478Recording date: 31st March 2025Revival Gold recently released results from the Preliminary Economic Assessment (PEA) for its Mercur gold project, showcasing strong economic potential with projected annual gold production of 95,000 to 105,000 ounces over a 10-year mine life. At a gold price of $2,175 per ounce, the project demonstrates a Net Asset Value (NAV) of $294 million and a 27% Internal Rate of Return (IRR) after tax. These figures improve dramatically at current gold prices of $3,000 per ounce, with NAV increasing to $752 million and IRR to 57%.The project features modest upfront capital costs of $208 million and competitive operating costs with Cash Costs of $1,205 per ounce and All-in Sustaining Costs of $1,363 per ounce. The resource base consists of approximately 1.4 million ounces of gold, with over 50% in the indicated category, an average grade of 0.6 grams per ton, and metallurgical recovery rates averaging 75%.A significant advantage of the Mercur project is its location on private patented claims just an hour from Salt Lake City, Utah. This allows for permitting through a state process rather than federal, potentially streamlining the timeline to approximately two years. The strategic location provides ready access to equipment, services, and skilled labor without requiring a camp or remote-site logistics.The company has outlined a two-phase development approach, with the first phase involving drilling to convert inferred resources to measured and indicated categories, along with collecting metallurgical samples. The second phase will focus on completing a Pre-Feasibility Study and advancing permitting. The combined budget for these phases is approximately $8 million, with potential construction beginning within 2-2.5 years.Technical risks are mitigated by the project's brownfield status, as the site has been previously mined. Environmental factors appear favorable with no perennial streams, deep groundwater, and no threatened or endangered species identified. The heap leach processing method eliminates the need for tailings facilities, reducing environmental footprint.Revival Gold's overall portfolio now includes both the Mercur project and the Beartrack-Arnett project, representing a combined resource of approximately 6 million ounces of gold. With a current market capitalization of approximately $50 million, the company is trading at just 0.1x NAV and $8 per ounce of gold resource, suggesting significant potential for value appreciation as the projects advance.View Revival Gold's company profile: https://www.cruxinvestor.com/companies/revival-gold-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Christian Ervin Easterday, Managing Director & CEO of Hot Chili Ltd.Our previous interview: https://www.cruxinvestor.com/posts/hot-chili-asxhch-2blbs-of-copper-is-achievable-attractive-6668Recording date: 31st March 2025Hot Chili Limited has revealed a dual-track strategy leveraging a potential billion-dollar water business to finance its flagship Costa Fuego copper project in Chile. The company recently released prefeasibility studies for both its Huasco Water project and Costa Fuego copper development.The Huasco Water initiative, a strategic asset developed over 20 months, consists of two stages. Stage one involves seawater supply to Costa Fuego, with an estimated NPV of $120 million and a 19% IRR over a 20-year supply period. The second stage encompasses a scalable desalination business with a potential post-tax NPV of approximately $1 billion, serving the broader Huasco region."This is about moving $150 million of capital from our copper project and putting it into that water project," explained Managing Director and CEO Christian Easterday. The company holds a unique position as one of only two companies in the past 18 years to secure maritime concessions for seawater extraction in Chile's water-scarce Atacama region.The Costa Fuego copper project itself shows promising economics with a $1.2 billion post-tax NPV, 19% IRR, and $1.27 billion initial capital requirement. The project is designed to produce approximately 95,000 tonnes of copper and 50,000 ounces of gold annually over a 20-year mine life, with competitive cash costs of $1.38 per pound.Easterday highlighted the project's competitive positioning: "We've delivered a top quartile production capacity project outside of the hands of a major and the lowest quartile capital intensity of a developer outside the majors."The company's financing strategy includes traditional debt, precious metal streaming, offtake agreements, and strategic asset monetization through the water business. The project economics show a 4.5-year payback period, with projected revenues of $17 billion and free cash flow of $4 billion over 20 years.Hot Chili is actively engaged in discussions with potential strategic partners, benefiting from the scarcity of large-scale copper projects globally. "When there's only five of you, the list gets smaller," noted Easterday, referring to the limited number of comparable projects available for development.This strategy comes amid record copper prices, which recently hit $5.38 per pound, creating a favorable backdrop for advancing the project in a market characterized by a 4.5 million ton deficit and intensifying competition for high-quality copper assets.View Hot Chili's company profile: https://www.cruxinvestor.com/companies/hot-chili-limitedSign up for Crux Investor: https://cruxinvestor.com
Interview with Simon Marcotte, President & CEO of Northern Superior Resources Inc.Recording date: 28th March 2025Northern Superior Resources is positioning itself as a key player in Quebec's Chibougamau gold camp, where the company has been leading consolidation efforts in what CEO Simon Marcotte believes will become "the next big gold camp to emerge" in Canada.The Chibougamau camp currently hosts approximately 12.5 million ounces of gold resources between Northern Superior and IAMGold, with substantial growth potential. What makes this district particularly attractive is the proximity of multiple deposits to each other, creating an opportunity for a hub-and-spoke operation where several deposits could feed a single processing facility.Northern Superior's flagship Philibert project currently hosts about 2 million ounces at 1.1 g/t gold. Marcotte emphasizes that by increasing the cut-off grade slightly, the grade rises to 1.3 g/t while only losing about 10% of the ounces. This gives Philibert significantly higher grade than IAMGold's nearby Nelligan project, potentially positioning it as the ideal "starter pit" for the district.The company is currently conducting a 20,000-meter drilling campaign at Philibert, which has already yielded promising results, including a 26-meter intersection grading 2.6 g/t gold located 200 meters east of the current pit design.Northern Superior sees multiple strategic pathways forward, including possible acquisition by IAMGold, forming a joint venture with IAMGold, attracting another major producer as a partner, or developing a standalone operation. Marcotte believes district-wide consolidation is inevitable, stating it "makes too much sense to wrap all projects together somehow not to do it."In a separate strategic move, Northern Superior recently spun out its Ontario assets into ONGold Resources while maintaining a 62% ownership stake. ONGold's key assets include the TPK project and the Monument Bay project (3 million ounces at 1.2 g/t), the latter now in partnership with Agnico Eagle.Management and key investors collectively own 25% of Northern Superior, creating strong alignment with shareholders. The team includes CEO Simon Marcotte, Chairman Victor Cantore (known for success with MX Exploration), and largest shareholder Michael Gentile.As the gold sector experiences improving market conditions, Northern Superior appears well-positioned to benefit from increasing institutional interest in the junior gold sector and the growing appetite for quality assets in stable mining jurisdictions like Quebec.View Northern Superior Resources' company profile: https://www.cruxinvestor.com/companies/northern-superior-resources-incSign up for Crux Investor: https://cruxinvestor.com
Interview with William Sheriff, Executive Chairman of enCore Energy Corp.Our previous interview: https://www.cruxinvestor.com/posts/wyoming-uranium-companies-at-heart-of-the-us-nuclear-revival-5749Recording date: 28th March 2025enCore Energy stands at a pivotal moment in its corporate journey, emerging as one of only two uranium producers in the United States at a time when domestic production capabilities carry increasing strategic importance. The company has recently undergone significant management changes, with the board deciding to replace CEO Paul Dorenson to refocus priorities from the building phase to production efficiency.Executive Chairman Bill Sheriff characterizes this transition as necessary to instill a greater "sense of urgency" throughout the organization. "We are changing the culture and the culture starts from the top down in any organization," Sheriff explains. "A sense of urgency doesn't mean panic, it means motion. You need to keep things in motion."The company's In-Situ Recovery (ISR) operations in Texas present an unusual technical challenge – the recovery process works exceptionally well, with over 80% of uranium recovered within just four months. This creates what Sheriff describes as a "double-edged sword" – rapid cash flow generation coupled with the need for continuous drilling to maintain production levels. The company's challenge has been keeping drilling activities paced appropriately to offset the steep production decline curves.This production profile differs significantly from typical ISR operations, which generally see recovery spread over 12-15 months. Sheriff compares the situation to natural gas from fracking: "You get several months of joy and then it tails off very quickly. You don't get any less product, you just get it a whole lot sooner."The management reset coincides with enCore implementing several strategic initiatives. The company has eliminated uranium spot market purchases to fulfill contracts – a practice that previously resulted in financial losses when buying at higher prices than contracted sales prices. Sheriff confirms: "Looking forward in 2025, all projections are we will not buy uranium in the spot market to deliver into our contracts this year."Cost optimization efforts are underway, with the company "rationalizing every position and every expenditure." Production costs were approximately $40 per pound according to recent filings, with management confident in their ability to improve this metric. The company has also divested its New Mexico assets to concentrate resources on production-stage projects in Texas and South Dakota, adding approximately $30 million to its balance sheet through asset dispositions.For investors, enCore represents a rare opportunity to gain exposure to actual uranium production in the United States. While the company has faced operational challenges, its focus on efficiency, cost control, and production growth positions it to potentially benefit from improving uranium market fundamentals. As Sheriff notes: "If you're looking at it as a race, we've got a heck of a head start over those that aren't in production or those that aren't even permitted yet."Investors should monitor upcoming quarterly reports for evidence that operational improvements are translating into enhanced financial performance. With many competitors facing significant hurdles to reaching production, enCore's status as an active producer with cash flow provides a meaningful competitive advantage in an increasingly supply-constrained uranium market.—View enCore Energy's company profile: https://www.cruxinvestor.com/companies/encore-energySign up for Crux Investor: https://cruxinvestor.com
Interview with Troy Boisjoli, CEO of ATHA Energy Corp.Our previous interview: https://www.cruxinvestor.com/posts/long-term-uranium-investors-find-value-in-volatility-6766Recording date: 24th March 2025ATHA Energy Corp. is making substantial progress on its Angilak uranium project in Nunavut, Canada, which shows promising signs of becoming a major uranium resource. CEO Troy Boisjoli, formerly Cameco's chief geologist, recently outlined the company's exploration success and future plans.The Angilak project, acquired just over a year ago, already boasts a historic resource of 43.3 million pounds at 0.69% U308. Last year's 10,000-meter drill program expanded the mineralization zones, with all 25 drill holes successfully intersecting uranium. This work helped establish an exploration target range of 62-98 million pounds.A recently completed structural study has confirmed a 31-kilometer trend across the Angikuni Basin, showing high-grade uranium samples up to 47.6% U308 on surface at multiple locations. This extensive surface mineralization is something Boisjoli claims he has "never seen" in the Athabasca Basin, where he previously worked.The project shares geological similarities with Saskatchewan's uranium-rich Athabasca Basin but appears to have significantly more surface mineralization. Even sandstone samples within the basin show uranium values of 10-20%, compared to typical Athabasca alteration halos that might show only 10-20 parts per million.ATHA is focusing most of its resources on Angilak exploration in 2025, with crews already mobilized. The company's strategy includes expanding known mineralization around the Lac 50 trend, testing the previously undrilled "Mushroom Lake" outcrop, and exploring the newly identified structural corridor.While Angilak is in a remote area, Boisjoli sees Nunavut as a mining-friendly jurisdiction, noting that approximately 50% of its GDP comes from mining activities. The company has secured agreements with local communities and multi-year exploration permits.In terms of scale, Boisjoli noted that overlaying the Angilak project area on the northeast Athabasca Basin would cover an area stretching from Rabbit Lake to Cigar Lake, encompassing multiple mines. He suggested that a resource in the 80-100 million pound range would make the project "very attractive."Boisjoli believes the current uranium market fundamentals are strong, describing it as "a generational period" comparable to the 1970s in terms of demand growth. With supply constraints expected as major mines approach the end of their productive lives, he sees a significant opportunity for large-scale projects in favorable jurisdictions like Canada.View ATHA Energy's company profile: https://www.cruxinvestor.com/companies/atha-energySign up for Crux Investor: https://cruxinvestor.com
Interview with Max Porterfield, President & CEO of Callinex Mines Inc.Our previous interview: https://www.cruxinvestor.com/posts/callinex-mines-tsxvcnx-drilling-for-high-grade-copper-riches-in-manitobas-flin-flon-belt-6063Recording date: 24th March 2025Callinex Mines is developing high-grade copper and gold-rich VMS (Volcanogenic Massive Sulfide) deposits in Manitoba's Flin Flon mining district. The company's flagship Rainbow deposit, coming within 90 meters of surface and drilled to a depth of 900 meters, represents one of the highest-grade copper resources in North America.Led by President and CEO Max Porterfield, Callinex has submitted an advanced exploration permit that would allow development of a ramp to access Rainbow and extract a 10,000-ton bulk sample. This first phase of permitting, potentially approved by late 2025, could lead to full-scale production after obtaining an environmental license."If you're buying Calinex today for less than a $20 million market cap Canadian, you're getting exposure to just shy of 6 million tons of some of the highest grade copper mineralization not just North America but on a global basis," stated Porterfield.The majority of Rainbow's resource (3.44 million of 4.7 million tons) already falls within the indicated category. The company has consolidated over 10,000 hectares of underexplored land, creating a district-scale opportunity in what it calls the "Pine Bay camp."Rather than focusing on infill drilling at Rainbow, Callinex is shifting attention to growing resources through exploration at shallow historic deposits. Primary targets include the "Visionary" area containing the Leo deposit and the "General" area with the Alberts deposit. Historical drilling at Visionary intersected significant mineralization, including 8.5 meters of 3% copper in one hole and 3 meters of over 5% copper with gold credits in another.Callinex is the only junior mining company with a 43-101 copper resource in Manitoba and the only copper resource within 30 kilometers of Flin Flon. The company maintains a tight capital structure with no debt, positioning itself for growth as it pursues a two-pronged approach of resource expansion and permitting advancement.With copper prices rising amid projected supply deficits by 2030, Callinex's high-grade resources in a stable jurisdiction appear well-positioned. As Porterfield noted, "Being in Canada, being in a safe jurisdiction, being in close proximity to this infrastructure and being in a position to be able to fast track that as our leaders within Canada look to explorers like Kalinex to transition and be the next producers puts us in an ideal place."View Callinex Mines' company profile: https://www.cruxinvestor.com/companies/callinex-minesSign 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-unearthing-guyanas-multi-million-ounce-golden-potential-5939Recording date: 24th March 2025Omai Gold Mines (TSXV: OMG) is making significant progress developing a past-producing gold property in Guyana that was previously South America's largest primary gold producer. The company has established a substantial resource base of 4.3 million ounces across two deposits – Wenot and Gilt Creek – with 2 million ounces in the indicated category and 2.3 million ounces in the inferred category.Recent exploration efforts have yielded promising results, particularly at the Wenot deposit where drilling below 350 meters has revealed higher grades, including an exceptional intersection of 4.48 g/t gold over 57 meters. The company is employing both infill and step-out drilling strategies to expand the resource. Infill drilling is targeting areas with spacing exceeding 150 meters, while step-out drilling aims to extend the resource to greater depths."We've been drilling about 14,000 meters of additional drilling last year and another 8,000 meters already this year," noted Elaine Ellingham, President and CEO of Omai Gold Mines.The Gilt Creek deposit, located only 400 meters from Wenot, has also shown promise. Recent drilling intersected 774 meters of mineralized intrusive rock averaging 1 g/t gold. The existing resource at Gilt Creek stands at approximately 1.8 million ounces with an average grade of 3.2 g/t.A preliminary economic assessment completed last year demonstrated a net present value of $560 million USD with a 13-year mine life and average annual production of 142,000 ounces of gold. However, management considers this a baseline scenario and aims to extend the mine life to 20 years in future assessments."It was just a starting point for us but still a very healthy net present value," Ellingham explained.Omai Gold is well-funded following a recent financing round that raised over $25 million, with current cash reserves exceeding $30 million. This positions the company to continue its exploration and development activities throughout the year.The project benefits from several operational advantages, including being a brownfield site with known metallurgy, good road access, and proximity to assay labs in Georgetown. All-in drilling costs remain below $200 per meter, considered exceptional in the current environment.Currently trading at approximately $38 per resource ounce, management believes the company represents a compelling investment opportunity compared to peers in the Guyana Shield region.View Omai Gold Mines' company profile: https://www.cruxinvestor.com/companies/omai-gold-minesSign up for Crux Investor: https://cruxinvestor.com
Interview with Andrew Cox, President & CEO, and Alex Black, Executive Chairman, of Rio2 Ltd.Our previous interview: https://www.cruxinvestor.com/posts/erdene-rio2-tsxerd-tsxvrio-two-gold-juniors-battle-market-skepticism-on-path-to-production-6552Recording date: 20th March 2025Rio2 Limited is making significant progress on its Phoenix Gold Project in Chile's Atacama Desert, one of the few substantial new gold production developments in an industry dominated by mergers rather than new supply. With 5 million ounces of measured and indicated gold resources, the project is fully funded and on track for first gold pour in January 2026.Located at elevations approaching 5,000 meters, construction officially began in October 2024 after pre-construction activities were initiated in 2022 with early financing from Wheaton Precious Metals. Currently, approximately 1,130 workers are on site, approaching the expected construction peak of 1,200 workers.The project features favorable economics with a relatively low capital expenditure of approximately $120 million for 2025. Its simple open-pit mining operation benefits from low strip ratios (0.85:1 initially, 1.2:1 in expansion phase) and minimal pre-stripping requirements, as mineralization outcrops at surface across extinct volcanic peaks.Initial production will target 1.7 million ounces of the total 5 million ounce resource, with output expected to reach around 70,000 ounces in 2026, ramping up to 100,000 ounces annually by 2027. The company is already planning an expansion to triple production to approximately 300,000 ounces per year.Current challenges include managing winter construction timelines and water logistics. Initially, Phoenix Gold will operate using trucked water from Copiapó, while evaluating three desalination plant options for the longer term. The company is working collaboratively with Kinross to develop a shared water solution.After previously facing regulatory delays when a new government came to power in Chile, Rio2 has successfully navigated these hurdles and received its environmental approval with additional monitoring conditions.Management views the current market valuation (approximately $250 million USD) as substantially undervaluing the project given its scale and near-term production status. They draw comparisons to other recent producers that have grown to multi-billion dollar valuations once reaching production.The project's remote location minimizes typical environmental and community impact concerns, with no nearby population centers, no surface water to be affected, and limited flora and fauna. Executive Chair Alex Black emphasizes the project's simplicity: "We're confident, I mean this is simple... it's all about simplicity here and it's an earthmoving exercise."View Rio2's company profile: https://www.cruxinvestor.com/companies/rio2-limitedSign up for Crux Investor: https://cruxinvestor.com
Interview with Luke Alexander, President & CEO of Newcore Gold Ltd.Our previous interview: https://www.cruxinvestor.com/posts/newcore-gold-tsxvnew-advancing-enchi-a-gold-developer-to-watch-4714Recording date: 11th March 2025Newcore Gold is rapidly developing its flagship Enchi gold project in Ghana, establishing itself as one of the country's most advanced greenfield gold projects. The company recently strengthened its financial position through an oversubscribed financing round that raised $15 million—exceeding the initial $12 million target—with 90% backed by institutional investors. This funding, combined with existing cash reserves and in-the-money warrants, gives Newcore over $20 million to advance its ambitious plans.The Enchi project demonstrates compelling economics per its 2024 Preliminary Economic Assessment (PEA), showing an after-tax NPV of $630 million, a remarkable 92% IRR, and a swift 1.1-year payback period at a $2,350 gold price. Currently trading at approximately 0.1 times its NPV, the company presents significant upside potential as it progresses toward a Pre-Feasibility Study (PFS) expected in the first half of 2026.Newcore has expanded its drilling program from 10,000 to 35,000 meters, focusing on multiple objectives: converting inferred resources to indicated, expanding along strike, testing parallel structures, and exploring high-grade feeder zones at depth. The company aims to increase its indicated resources from 740,000 ounces to approximately 1.3 million ounces to support the upcoming PFS.The company's development strategy involves a phased approach to production, beginning with an open-pit heap leach operation processing oxide and transitional material, projected to produce approximately 122,000 ounces annually over a 9-year mine life. As the sulfide resource grows, Newcore plans to add a CIL plant around year five or six, potentially increasing production to 200,000-250,000 ounces annually.Ghana's status as Africa's largest gold producer and the sixth-largest globally provides Newcore with a stable operating environment. The country hosts operations from major miners including Newmont, Goldfields, and AngloGold Ashanti, underscoring its attractiveness as a mining jurisdiction.With management and the board owning approximately 15% of the company, interests are strongly aligned with shareholders. Newcore maintains strategic flexibility to either develop the project independently with its manageable $106 million capital requirement or position for acquisition as the resource and production profile grows.Through its aggressive drilling campaign, strong treasury position, and clear development pathway, Newcore Gold is well-positioned to create substantial value for shareholders while advancing one of Ghana's most promising gold projects.View Newcore Gold's company proflle: https://www.cruxinvestor.com/companies/newcore-goldSign up for Crux Investor: https://cruxinvestor.com
Interview with George Salamis, President & CEO of Integra Resources Corp.Our previous interview: https://www.cruxinvestor.com/posts/integra-resources-tsxv-itr-three-project-strategy-targets-quarter-million-ounces-of-gold-6326Recording date: 10th March 2025Integra Resources has successfully transformed from a development-stage company to a gold producer through its strategic acquisition of the Florida Canyon mine. This $63 million stock transaction has proven immediately accretive, with the company ending 2024 with over $50 million in treasury and record gold production of 72,000-75,000 ounces.The Florida Canyon acquisition addresses a critical challenge facing junior miners – the cycle of dilutive capital raises. As CEO George Salamis notes, "We were stuck in this loop as so many are... we figured the best way to break that would be to look for a producing asset that will pay the bills." This cash flow now funds development activities at the company's DeLamar and Nevada North projects without returning to capital markets.A distinctive advantage is Integra's regional focus, with all three assets located within three hours of each other in the western US. This proximity creates significant operational synergies, allowing for shared expertise, equipment, and personnel. The company's growth pathway is clearly defined, with the potential to increase production from current levels to approximately 300,000 ounces annually once all assets are operational.Valuation presents a compelling opportunity, with Integra trading at roughly 0.25x NAV compared to peer averages of 0.5x NAV. This discount reflects the market's lag in recognizing the company's producer status – a gap that should narrow as Florida Canyon demonstrates consistent cash generation.The regulatory environment has improved significantly under the current administration, creating a favorable window for permitting new projects. With DeLamar entering the federal NEPA process this year and benefiting from streamlined procedures, timing appears advantageous for Integra's development pipeline.Key catalysts include quarterly production results from Florida Canyon, the DeLamar feasibility study expected mid-2025, and exploration programs aimed at extending Florida Canyon's six-year mine life. Management is strengthening its team with key hires in operations and permitting, positioning the company for execution across its portfolio.For investors seeking exposure to gold in a stable jurisdiction with both current production and significant growth potential, Integra Resources offers a compelling risk-reward proposition at its current valuation.View Integra Resources' company profile: https://www.cruxinvestor.com/companies/integra-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Alberto Orozko, CEO of Capital Silver Corp.Recording date: 5th March 2025Capitan Silver (TSXV:CAPT) is advancing a dual-focus exploration project in Durango, Mexico, strategically positioned in the heart of Mexico's prolific silver belt. Led by CEO Alberto Rasco, the company is exploring property that hosts both high-grade silver veins and a separate oxide gold deposit.The company's primary silver asset features impressive mineralization with intercepts showing up to 3 kg/ton silver within broader 10-meter zones averaging 300+ g/ton silver. What distinguishes this project is that high-grade zones are contained within continuous mineralized envelopes, creating more mining-friendly geometry than typical narrow veins.The project involves an intermediate sulfidation deposit system similar to those acquired by major companies. Capitan has confirmed mineralization along 1.3 kilometers of a 2.6-kilometer surface trend, with a significant advantage being that mineralization starts right at surface – unlike many competing deposits that begin hundreds of meters underground.Recently, Capitan Silver raised $5.3 million at a premium to market price, attracting Jupiter Asset Management as a strategic investor alongside continued support from existing investors including Michael Gentile. This funding supports a 10,000-meter drill program targeting extensions of their Jesus Maria vein system, the "Gully Fault" zone featuring gold-silver mineralization, and potential parallel vein structures.The company's unique dual asset strategy includes both the high-grade silver vein system and a separate oxide gold deposit currently estimated at 300,000 ounces in the inferred category. The gold deposit resembles mines previously operated by team members during their time at Argonaut Gold and could potentially be developed as an open-pit, heap-leach operation. This could provide a low-capital starter project generating cash flow to fund the more complex underground silver development.The property includes three historical mines that operated from the late 1800s until the Mexican Revolution disrupted operations. It remained fragmented until 2022, when Capitan acquired the final piece from Fresnillo, completing their land position along the silver trend.With Mexico potentially becoming more mining-friendly under President Claudia Sheinbaum's administration, Capitan Silver appears well-positioned with necessary permits already secured. The company's management brings significant regional experience, recently strengthened by adding Fernando Alanís, former CEO of Peñoles and president of the Mexican Chamber of Mines, to their board.As global demand for silver continues to grow for both industrial applications and as a monetary metal, Capitan Silver offers exposure to a high-grade, scalable project in the world's largest silver-producing country.Learn more: https://www.cruxinvestor.com/companies/capitan-miningSign up for Crux Investor: https://cruxinvestor.com
Interview with Luis Azevedo, Chairman & CEO of Bravo Mining Corp.Our previous interview: https://www.cruxinvestor.com/posts/bravo-mining-tsxvbrvo-copper-gold-discovery-in-tier-1-pgm-project-in-brazil-5938Recording date: 4th March 2025Bravo Mining Corp represents an exciting opportunity for investors to gain exposure to the clean energy transition through a world-class platinum group metals (PGM), copper, and gold asset in the heart of Brazil's mining industry. The company's 100%-owned Luanga project, located in the renowned Carajás Mineral Province, has rapidly emerged as one of the largest and highest-grade palladium-platinum deposits globally, with a resource that has tripled to over 15 million ounces in just two years. Even more tantalizing is Luanga's copper-gold potential, with Bravo recently discovering bonanza-grade mineralization reminiscent of the IOCG deposits that built mining giants like Vale and Anglo American.The Luanga project boasts a number of key attributes that enhance its economic and development potential. First and foremost is the sheer scale and grade of the PGM resource. At 15 million ounces and growing, Luanga already ranks among the largest PGM deposits in South America. Importantly, the resource starts right at surface, with 86% of the ounces sitting in the first 250 meters depth. This suggests a low-cost, open-pit operation could be in the offing. Furthermore, with less than 10% of this massive land package systematically explored, Luanga likely has much more to give.While the PGM story alone would merit serious investor attention, the recent copper-gold discovery at Luanga makes Bravo impossible to ignore. Drill results like 11 meters of 14.5% copper and 3 g/t gold would be the envy of any major miner. The exploration model of choice for such mineralization are IOCG deposits, which are responsible for the bulk of Brazil's copper and gold production. These deposits are prized for their large size and polymetallic nature, often hosting economic quantities of copper, gold, silver, PGMs, and rare earths. With a land package of nearly 9,000 hectares, Bravo has an opportunity to consolidate a new copper-gold district in the heart of the Carajás.To advance these exceptional assets, Bravo has assembled a topnotch technical team with an unparalleled track record of discovery and development in Brazil. CEO Luis Azevedo and his colleagues were involved in several major discoveries in the country, giving them keen insights into the local geology and what it takes to operate there. Bravo also enjoys strong support from both the government and local community, a social license that is absolutely critical in today's mining industry. The Brazilian government has thrown its weight behind Luanga, placing it in an accelerated permitting program to bring the critical metals to market as quickly as possible.Lastly, Bravo has the financial strength to deliver on its ambitious plans. With $25 million in the bank, the company is fully funded to expand the PGM resource, advance engineering studies, and aggressively explore the copper-gold discovery. Major shareholders like Blackrock, Tembo, Franklin, and RCF have thrown their support behind management, recognizing the immense value creation potential at Luanga. As the company hits key milestones and proves out the polymetallic nature of the project, investors can look forward to a steady stream of catalysts.As the world electrifies and decarbonizes, metals like palladium, platinum, and copper will become ever more critical. Already, the Brazilian government is taking steps to secure its own supply of these vital elements. For investors, Bravo Mining offers a unique opportunity to participate in this generational megatrend, through an exceptional asset with a world-class team behind it. With drills turning, permits in hand, and a historic bull market for green metals ahead, Bravo has all the ingredients to become a major player in the industry.View Bravo Mining's company profile: https://www.cruxinvestor.com/companies/bravo-miningSign up for Crux Investor: https://cruxinvestor.com
Interview with Jason Jessup, CEO of Magna Mining Inc.Our previous interview: https://www.cruxinvestor.com/posts/magna-mining-tsxvnicu-magna-bets-on-coppers-future-with-acquisition-of-kghms-sudbury-portfolio-6411Recording date: 3rd March 2025Magna Mining is a rising star in the Canadian mining sector, poised to capitalize on the surging demand for critical metals like nickel and copper. With a portfolio of high-quality assets in the world-renowned Sudbury Basin, Magna offers investors a compelling opportunity to gain exposure to the electrification megatrend.At the heart of Magna's story is the McCreedy West mine, a cornerstone asset already in production. With a history of mining since the late 1990s, McCreedy West boasts a substantial resource base of over 9 million tons. Magna is now ramping up operations, with plans to boost throughput to 400-500,000 tons per year. Even more exciting, Magna is targeting higher grades of 4-5% copper, a level rarely seen in global mining today. This combination of scale and grade is set to generate significant cashflows, giving Magna the firepower to fund aggressive growth.But McCreedy West is just the beginning. Magna's crown jewel is the past-producing Levack mine, a high-grade monster that previously yielded head grades of 8-10%+ copper. Magna is now aggressively exploring the Levack deposit, with drills already turning to expand the resource. The potential is immense – with historic production of over 60 million tons, Levack could be a true company-maker for Magna. Management is targeting a rapid restart by 2026, which could propel Magna into the ranks of the mid-tier producers.Magna has a pipeline of over five permitted projects in the Sudbury Basin, giving it incredible optionality and scale potential. From the advanced-stage Crean Hill project to the low-capex Shakespeare open pit, Magna controls a string of pearls in one of the world's most prolific mining camps. This creates the potential for Magna to evolve into a true district-scale producer over time, leveraging shared infrastructure and a centralized management team to drive industry-leading margins.Critical to Magna's success is the strength of its leadership. CEO Jason Jessup is a mining veteran with a proven track record of value creation, having played a key role in building FNX Mining into a Sudbury heavyweight. He leads a technical team with decades of experience in the basin, giving Magna a true home field advantage. This deep knowledge base is complemented by a bold vision for growth and the proven ability to attract capital. Magna's recent $30m raise highlights the confidence the market has in the company's prospects.With the tailwinds of electrification and decarbonization at its back, the company is perfectly positioned to ride the coming wave of demand for nickel and copper. As Jessup says, "This isn't about now we're a producer, we're done. This is about building into something that's significant." For investors looking to align themselves with that vision, Magna Mining presents a uniquely compelling opportunity. In a world hungry for critical metals, Magna is ready to deliver.View Magna Mining's company profile: https://www.cruxinvestor.com/companies/magna-miningSign up for Crux Investor: https://cruxinvestor.com
Interview with David Rhodes, Executive Chairman, and Alexandra Woodyer Sherron, President & CEO of Empress Royalty Corp.Our previous interview: https://www.cruxinvestor.com/posts/empress-royalty-tsxvempr-chairman-bullish-on-companys-potential-to-deliver-significant-growth-6299Recording date: 3rd March 2025Empress Royalty Corp. has reached a significant milestone in its growth trajectory, achieving positive cash flow and $8 million in revenue for 2024, more than doubling the $3.5 million generated in 2023. The company projects continued strong growth, with expectations to double revenue again to $15-16 million in 2025 based solely on their existing portfolio.This revenue is derived from four key assets: a silver stream in Mexico, a gold stream in Peru, a gold royalty in Mozambique, and a gold royalty in South Africa. The portfolio is already showing strong returns on investment, with Empress recovering nearly 90% of their $5 million investment in the Mexico project, about half of their $10 million Peru investment, and exceeding their initial $3 million Mozambique investment with $4.2 million returned to date.Empress differentiates itself in the royalty and streaming sector through its active investment approach, focusing on junior mining companies that are either entering production or expanding operations. Unlike competitors who may passively acquire existing royalties or focus on early-stage exploration, Empress directly invests in mining companies and maintains close operational relationships, including regular reporting and site visits."Our business motto is doubling every year our cash flow and our revenue. That takes wise stewardship and that's a little different. We're not just all about making the market happy; we're about building a business," stated David Rhodes, Executive Chairman.The company has maintained disciplined capital allocation, evaluating over 10 potential deals last year but advancing none due to technical or other concerns. This selective approach has ensured their existing investments perform well while preserving capital for strategic opportunities.Having achieved positive cash flow, Empress is now positioned to reinvest incoming revenue into new opportunities without diluting existing shareholders. They also maintain access to $20 million in funding from financial partner Nebari, providing additional capacity for growth while keeping general and administrative expenses flat at approximately $2 million annually.The company is currently in advanced discussions regarding a potential new investment in the United States, while also evaluating opportunities in Africa and South America. Empress maintains a flexible approach to geographical risk, leveraging management's international experience to evaluate and structure investments in diverse locations.As Rhodes noted regarding their precious metals focus: "We believe in gold, we believe it's going to $3,000, we believe in silver, we believe that's going to $40." This outlook would dramatically enhance returns from their existing portfolio while creating opportunities for new deals as mining companies seek capital to benefit from higher metal prices.View Empress Royalty's company profile: https://www.cruxinvestor.com/companies/empress-royaltySign up for Crux Investor: https://cruxinvestor.com
Interview with Ben Pullinger, President & CEO of ATEX Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/atex-resources-tsxvatx-slated-growth-with-strategic-major-investment-on-large-copper-asset-6272Recording date: 4th March 2025ATEX Resources is making significant progress at its Valeriano Copper-Gold project in Chile, where its phase five drill program is delivering the best results to date. The company has evolved from focusing solely on a large porphyry resource to also emphasizing newly discovered high-grade breccia zones above the main deposit.These high-grade zones, which show consistent mineralization of 2% copper equivalent over 100-200 meter intervals, could contain 30-50 million tons of material representing $6-10 billion in in-situ value. Each ton of this material has an estimated gross value of $200, potentially generating around $100 per ton in margin after costs.A significant development for ATEX has been its partnership with Agnico Eagle, which brings financial stability and technical expertise. This partnership aligns with a growing industry trend toward consortium-based development of large copper projects, especially in Chile's emerging world-class copper district where companies like Teck, Newmont, Anglo Gold, and Freeport-McMoRan are active.ATEX is well-capitalized with approximately $50 million Canadian in cash and an additional $90 million in warrants, allowing for continued aggressive exploration. The company is planning a phase six drilling program to test additional targets identified through geophysical work.Geophysical surveys have identified multiple targets with signatures similar to the already-drilled high-grade zones. These signatures occur at the intersection of northeast and northwest structural features, with current interpretation suggesting there could be up to four or five high-grade breccia zones within the property.The upcoming resource update is expected to show significant growth from the 2023 estimate, which established 200 million tons at approximately 1% copper equivalent in the porphyry system. The update will likely include the newly discovered high-grade zones and additional indicated resources with higher confidence.ATEX plans to advance toward economic studies once it has fully defined the highest-value portions of the deposit. The company believes that the district has potential for 200+ years of production, representing a long-term opportunity in a market facing supply challenges.According to industry forecasts, copper demand will require adding "an Escondida every two years." Projects like Valeriano, with high-grade components that can be developed at smaller scales initially and then expanded, are becoming increasingly attractive in this environment of growing global copper demand.View ATEX Resources' company profile: https://www.cruxinvestor.com/companies/atex-resources-incSign up for Crux Investor: https://cruxinvestor.com
Interview with Tim Moody, President & CEO of Pan Global Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/pan-global-resources-tsxvpgz-drilling-expands-after-high-grade-gold-discovery-6688Recording date: 2nd March 2025Pan Global Resources is an copper exploration company that is perfectly positioned to capitalize on the immense demand for copper driven by the global transition towards clean energy. With its strategic portfolio of highly prospective projects in the world-class mining jurisdiction of Spain, Pan Global is poised to emerge as a significant player in the copper industry.The company's flagship Escacena Project, located in the renowned Iberian Pyrite Belt, is showing tremendous potential. Aggressive drilling is underway to expand the near-surface resource and test multiple new targets, with the goal of delineating an initial 50-100Mt resource that would rival the scale of other major mines in the region. The upcoming maiden resource estimate is expected to showcase the project's value and provide a solid foundation for future growth.Pan Global's pipeline of earlier-stage projects adds even more upside potential. The Aguilas Project, recently consolidated under Pan Global's full ownership, boasts high-grade massive sulfide mineralization, gold-rich VMS, and extensive copper stockwork at surface. The company's systematic exploration efforts have already generated compelling drill targets that will be tested in the upcoming campaign. Meanwhile, the Escacena Project presents a unique opportunity, with its large, untested copper-in-soil anomaly associated with a massive breccia body, suggesting the presence of a previously unrecognized bulk tonnage porphyry copper system in the Iberian Pyrite Belt.There is confidence in Pan Global's exceptional management team, which brings a wealth of experience and a proven track record of value creation in the exploration and mining sector. The company's strategic positioning is equally impressive, with 100% ownership of a dominant land package in a top-tier mining district. This, combined with its diversified asset base, makes Pan Global an especially attractive acquisition target for larger producers seeking high-quality growth projects.With a strong balance sheet following a successful $7.2M financing in late 2024, Pan Global is well-funded to aggressively advance its projects and deliver a steady stream of catalysts. The ongoing 7,000m drill program across high-priority targets is expected to generate substantial news flow, while the anticipated maiden resource estimate and potential new discoveries could serve as significant re-rating events for the stock.As the world rushes to combat climate change through rapid electrification, the demand for copper is set to soar. Industry experts warn of a looming supply deficit as copper demand outpaces supply due to grade declines, lack of new discoveries, and long development lead times. This structural imbalance is expected to usher in a new era of elevated copper prices, creating a highly favorable environment for copper miners and explorers like Pan Global Resources. By investing in Pan Global, shareholders gain direct exposure to the energy transition megatrend while also benefiting from the potential for significant share price appreciation as the company continues to create value through exploration success and resource growth. With its exceptional assets, strong management, and the backing of a robust copper market, Pan Global is a standout investment opportunity in the junior mining space.View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resourcesSign up for Crux Investor: https://cruxinvestor.com
Interview with Colin Healey, CEO of Premier American Uranium Inc.Our previous interview: https://www.cruxinvestor.com/posts/growing-global-support-for-nuclear-energy-drives-uranium-demand-momentum-6080Recording date: 2nd March 2025The future looks incredibly bright for uranium as the world charges forward into a new era of clean energy. Nuclear power, fueled by uranium, is poised to play a starring role in the global fight against climate change. Countries everywhere are waking up to the immense potential of this powerful, low-carbon energy source to help meet skyrocketing electricity demand while slashing emissions.For uranium, it's a story of surging demand and constrained supply - a recipe for explosive growth ahead. More and more countries are getting serious about expanding their nuclear power capacity. Energy powerhouses like China and India have ambitious plans to build scores of new reactors in the coming years. Even in the West, there's a major nuclear renaissance underway, with the U.S., UK, France and others extending the lives of existing plants while greenlighting new builds. It's clear the world is going to need a lot more uranium, and fast.The uranium industry has been in a long slump ever since the Fukushima disaster in 2011. Years of low prices have led to chronic underinvestment in new mining capacity. Even with the major producers starting to ramp back up, there's a good chance supply just won't be able to keep pace with this tidal wave of demand. We could be looking at a major supply crunch in the not-too-distant future.It's not just the fundamentals that are aligning in uranium's favor. There are powerful geopolitical tailwinds at play too, especially for U.S. uranium developers. Washington has finally woken up to the strategic importance of securing domestic supply. They're establishing a national uranium reserve, with buy American rules that are a huge boost for U.S. producers. Add in bipartisan support for nuclear energy and the green light for a new generation of advanced reactors, and the stars are definitely aligning for a U.S. uranium boom.Premier American Uranium are making moves, consolidating a top-notch portfolio of advanced-stage U.S. uranium projects. Their flagship asset in New Mexico is a real gem - it's got a monster resource, a past-producing mine, and serious expansion potential. Plus it's on private land, which is a huge permitting advantage. They're charging ahead with an updated resource and economic study that could be a major catalyst.Premier American is led by a veteran team that knows this industry inside and out. And get this - over half their shares are owned by deep-pocketed strategic investors with a long-term focus. It's a tight capital structure that's built for success.Uranium is a space to watch closely in the years ahead. The supply/demand setup is incredibly compelling, and the macro forces at play are only getting stronger. Companies like Premier American Uranium offer a high-potential way for investors to ride this rising tide. There are always risks to consider in a complex, highly regulated sector like nuclear fuel, but the risk/reward equation definitely seems skewed to the upside. For investors who believe the future is nuclear, uranium looks like a glowing opportunity.View Premier American Uranium's company profile: https://www.cruxinvestor.com/companies/premier-american-uraniumSign up for Crux Investor: https://cruxinvestor.com
Interview with Mark Selby, CEO of Canada NickelOur previous interview: https://www.cruxinvestor.com/posts/canada-nickel-tsxvcnc-historic-20m-first-nations-investment-6434Recording date: 2nd March 2025Canada Nickel Company has successfully completed Front-End Engineering Design (FEED) for its flagship Crawford Nickel Project, advancing engineering to approximately 30% completion. Despite a 5% increase in capital costs, the project has demonstrated improvements in Net Present Value (NPV) and Internal Rate of Return (IRR).In a strategic optimization move, the company modified its mine plan to prioritize the East Zone over the Main Zone. This decision reduces stripping requirements and truck fleet needs, which helps offset capital cost increases. CEO Mark Selby highlighted the company's efficient development approach, noting they've progressed from "fifth drill hole to feasibility study in just over four years," significantly faster than industry averages of 7-10 years.On the financing front, Canada Nickel has secured letters of intent for $500 million USD from Export Development Canada and $500 million CAD from another financial institution. The next step involves an independent engineering review to validate the company's work. Notably, Middle Eastern sovereign wealth funds are showing substantial interest in the project as they seek to diversify their economies beyond oil.Beyond Crawford, the company aims to establish the Timmins area as a premier nickel district. Plans include publishing resources for six additional properties, bringing their total to nine resources in the district. Selby claims the total nickel resource is expected to exceed "the total endowment at Sudbury, which was the world's largest nickel sulfide district."Community partnerships represent another significant advancement, with Canada Nickel announcing construction projects to be delivered by First Nations communities through a business vehicle called Wabun. This approach demonstrates local support and strengthens the company's social license as it progresses through permitting.The company remains on track with its permitting timeline, currently in the final approval stage with the federal government. Approvals are expected by year-end, with provincial permits to follow. Canada Nickel is also exploring non-equity financing options, including royalties, to minimize shareholder dilution.The Crawford project is positioned to become "the Western world's largest nickel sulfide operation" with the flexibility to serve both EV battery and stainless steel markets. This strategic positioning comes at a time when Western economies are actively seeking to reduce dependence on Chinese-dominated supply chains for critical minerals, potentially creating significant long-term value for the company and its investors.View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com
Interview with Jeffrey R. Wilson, President & CEO of Precipitate Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/precipitate-gold-tsxvprg-unlocking-dominican-republics-promising-high-grade-gold-projects-6321Recording date: 2nd March 2025Precipitate Gold Corporation has successfully renegotiated its earn-in agreement with Barrick Gold, significantly increasing the potential investment from $10 million to $22 million while extending the timeline to 2030. According to President and CEO Jeff Wilson, Barrick has already invested approximately $7 million in the project.The strategic value of Precipitate's property lies in its location surrounding Barrick's Tier 1 Pueblo Viejo mine in the Dominican Republic. The land package borders this major mining operation on three sides, providing Barrick with expansion potential for one of their flagship properties. The agreement includes an "all or nothing" structure that protects Precipitate's interests. If Barrick discontinues exploration, Precipitate regains 100% ownership, and should the project advance to a 70/30 joint venture, Precipitate maintains a carried interest.Recent regulatory developments in the Dominican Republic have created a more favorable environment for mining companies. Previously, GoldQuest's Romero project had been stalled due to requirements for presidential approval of mining licenses. The regulatory process has been modified to allow companies to complete environmental impact studies and feasibility studies before final licensing decisions, creating a clearer pathway to development. This change has also positively affected Unigold and boosted investor confidence in the jurisdiction.Precipitate is in a strong financial position with approximately $5 million in cash from a previous sale to Barrick. The company has adopted a patient approach to capital deployment, preserving resources during uncertain times. Cost advantages include co-ownership of drilling equipment with GoldQuest, acquired from a bankrupt contractor at a significant discount.For 2025, Precipitate is preparing exploration programs focusing on targets identified through ongoing groundwork. Geophysical surveys, particularly ground IP, will play a key role in refining drill targets. Wilson indicated that initial drilling would be measured rather than aggressive to preserve financial flexibility.The Dominican Republic government has shown increased support for mining, with ministry officials actively engaging with mining companies. Mining currently contributes approximately 43% to the country's economy, primarily from Barrick's Pueblo Viejo operation. However, with production gradually diminishing, the government recognizes the need to develop new mines and has adopted a more pro-business stance in its second term, extending support through both the Ministry of Energy and Mines and the Environment Ministry.View Precipitate Gold's company profile: https://www.cruxinvestor.com/companies/precipitate-gold-corpSign up for Crux Investor: https://cruxinvestor.com
Interview with CEO Terry LynchOur previous interview: https://www.cruxinvestor.com/posts/power-nickel-tsxvpnpn-charges-up-massive-nickel-copper-pgm-discovery-with-2025-drilling-plan-6495Recording date: 2nd March 2025Power Metallic Mines (TSXV:PNPN) is rapidly emerging as one of the most exciting stories in the junior mining space. The company's 100%-owned NISK project in Quebec has all the makings of a world-class discovery with district-scale potential.NISK represents an extremely rare orthomagmatic nickel-copper-PGM system - a type of deposit known for hosting giant to supergiant metal endowments. Nearly all orthomagmatic discoveries to date have evolved into Tier 1, multi-decade mines. And the geological parallels between Nisk and other major orthomagmatic camps globally are striking.Since acquiring the project in 2021, Power Metallic has hit the ground running with an aggressive drill campaign aimed at unlocking the full potential of this vast mineralized system. Drilling to date has already outlined high-grade copper zones over a 1.8 km strike extent, with multiple discovery areas remaining wide open for expansion.The blue-sky potential lies in the nickel. Consulting geologist Dr. Steve Beresford, who was involved in discovering some of the world's largest nickel deposits, believes there could be up to five times more nickel than copper waiting to be found at NISK based on metal ratio analogues from other major orthomagmatic systems. Combine this exceptional geological upside with a management team that has a track record of value creation, a top Quebec address, and over $40 million budgeted for drilling - and it's easy to see why Power Metallic is attracting some serious attention from investors.Prominent mining entrepreneur Robert Friedland is already a major backer, and several institutions recently wrote big checks to support the ongoing exploration. Despite the enviable progress and well-rounded shareholder base, Power Metallic still trades at a substantial discount to peers on an in-situ valuation basis. Part of this disconnect stems from management's astute strategy to rapidly build out the resource footprint first before publishing a maiden estimate.Multi-fold returns for early shareholders are well within the realm of possibility if NISK shapes up as envisioned. With a major 100,000 meter drill program revving up and assays pending from the new Tiger zone, Power Metallic is entering a catalyst-rich period that could serve as a key inflection point for the stock.In a world facing critical shortages of the metals that enable a greener future, NISK is emerging as a deposit of global significance. Power Metallic has all the attributes of an emerging Canadian mining champion in the making - and investors can expect a very active and exciting year ahead as the company delivers on its vision to unlock a new world-class nickel-copper-PGM mine.View Power Metallic's company profile: https://www.cruxinvestor.com/companies/power-nickelSign up for Crux Investor: https://cruxinvestor.com
Interview with Ian Harris, CEO and President, Outcrop SilverOur previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-tsxvocg-leveraging-high-grade-silver-in-colombia-in-growing-global-demand-5930Recording date: 3rd of March, 2025Outcrop Silver is developing its flagship Santa Ana project in Colombia, positioned as one of the world's highest-grade primary silver projects. With 75% of its value derived from silver and exceptional recovery rates of 96-99% for both silver and gold, the project represents a rare opportunity for investors seeking pure silver exposure.The company has secured significant backing from prominent silver investor Eric Sprott, who holds a 19.9% stake—the maximum allowable before triggering takeover provisions. According to CEO Ian Harris, this makes Outcrop among Sprott's top five investments last year despite the company's relatively small size.For 2025, Outcrop has allocated an ambitious $12 million exploration budget to drill 24,000 meters using two drilling rigs. The company employs a systematic approach to target prioritization, analyzing factors such as grade, thickness, success rate, and strike length to calculate potential ounces and drilling costs. Their goal is to convert targets to resources at approximately 50 cents per ounce, well below their market valuation."The goal is to do it at around 50 cents... basically our cost to convert to resource, and our valuation is much higher than that number," Harris explained. "We are putting in a plan that securely will create more value for less money than we're spending."Harris emphasized the advantages of being a true primary silver project, which creates greater leverage to silver prices. He noted silver's potential for explosive price movements compared to other metals: "If I said do you believe that it's possible that silver could double in price this year, the argument would be yes. Is there a possibility of copper going two times this year? No."The company sees potential for industry consolidation among the small peer group of quality primary silver companies to improve capital access. Harris suggested combining companies with complementary attributes could be beneficial in the current capital-constrained environment.Outcrop operates within a unique silver market characterized by structural supply-demand imbalances. Primary silver mines represent less than 25% of global production, with the majority coming as byproducts from base metal operations. Meanwhile, industrial demand continues growing, with solar panel manufacturing accounting for approximately 25% of consumption.With Colombia's presidential election approaching in 14 months, the company is well-positioned to benefit from potential renewed interest in mining investment while advancing its high-grade project toward resource expansion.Learn more: https://www.cruxinvestor.com/companies/outcrop-silver-goldSign up for Crux Investor: https://cruxinvestor.com
Joe Mazumdar of Exploration Insights reveals how he is safely playing the antimony bull run. He comments on Barrick's potential redomicile to the USA. And Joe talks about the resource sector significance of President Trump's executive order directing the Justice Department to pause prosecutions of Americans accused of bribing foreign government officials while trying to win or retain business in their countries. Also, further topics discussed are why ASX African projects are valued higher than TSXV comparables, Discovery Silver's recent Porcupine Complex acquisition from Newmont and how managed money operates in the mining sector. Joe Mazumdar is editor and analyst at Exploration Insights. Joe has an extensive, multi-decade background in working for both mining companies and the financial institutions that cover and invest in mining equities. He possesses an excellent understanding of geology, the process of exploration and development, and what it takes to run and finance a mining company. 0:00 Introduction 0:46 Barrick's potential redomicile to USA 4:24 Antimony catalyzes Stibnite Gold project permitting? 9:34 Safely profit from antimony bull run 11:27 Bribes and global mining 15:20 ASX Africa valuations higher 17:33 Discovery Silver acquires Newmont's Porcupine Complex 19:10 Newmont's project overhang gone…Developer re-rate now? 20:47 Resource sector Smart vs Dumb money 25:12 Mining sector managed money 31:23 Africa trip reflections Joe Mazumdar's website: https://www.explorationinsights.com/ Follow Joe on Twitter: https://twitter.com/JoeMazumdar Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/
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