Podcasts about Uranium

Chaos continues in the Middle East with the status of peace talks between the US and Iran fluctuating wildly in response to continuing threats from President Donald Trump. The critical Strait of Hormuz seemingly remains both open and closed. The deal that the US appears to have agreed to allows Iran to retain its enriched Uranium, receive massive reparations payments and continue its ballistic missile program. Since none of the originally stated war aims have been met, will the Australian government call on the US to resume bombing since it was such a strong supporter of the war in the first place?There is some good news - Australia is donating $100 million to the fund that allows Ukraine to purchase more weapons. That conflict appears to be reaching a decisive stage with Ukraine now able to conduct drone strikes deep inside Russia even hitting a huge refinery on the outskirts of Moscow, probably the most heavily defended city on earth. One of the drones appears to be a larger version of one called the Aerosonde, which Australia had developed more than 25 years ago. Yes, we could have been a world leader in the use of small, swarming long range autonomous drones - but of course that was ignored by Defence who could not see the benefits of the technology. Hosted on Acast. See acast.com/privacy for more information.

Interview with Tim Harrison, Managing Director, Ionic Rare Earths Our previous interview: https://www.cruxinvestor.com/posts/ionic-rare-earth-asxixr-advanced-recycler-targets-china-free-heavy-rare-earth-supply-7871Recording date: 16th June 2026Ionic Rare Earths is advancing its position in the rapidly evolving global rare earth supply chain, driven by Western efforts to reduce reliance on China following export restrictions imposed in 2025. At the center of its strategy is a demonstration-scale recycling and separation facility in Belfast, which processes end-of-life magnets and manufacturing waste into separated rare earth oxides. A key milestone has been the successful validation of these recycled materials in a Ford motor—an industry first for a recycler—alongside a commercial supply agreement with US-based Advanced Magnet Lab, which serves defense-related applications.Although the Belfast plant currently produces only about 10 tonnes of separated oxides annually, it has demonstrated the ability to recover a broad range of elements, including high-value heavy rare earths such as dysprosium, terbium, and yttrium. Prices for these materials have surged sharply since China's restrictions, in some cases increasing multiple times over, significantly strengthening the project's economic outlook.A 2024 feasibility study for a larger £85 million Belfast facility projected annual output of 400 tonnes, with a post-tax net present value exceeding $500 million and an internal rate of return above 40%. Management believes current market conditions could further enhance these returns, though updated figures have not yet been released. The company has secured a £12 million UK government grant and is targeting a final investment decision by September 2026, contingent on completing funding and securing supply and offtake agreements.Looking ahead, Ionic plans to replicate its modular recycling model internationally, prioritizing the United States, where significant investment in domestic magnet manufacturing is expected to generate substantial recyclable waste. The company favors joint ventures to retain control over its technology and material flows. While promising, key risks remain, including scaling production, securing full project financing, and finalizing commercial agreements.Learn more: https://www.cruxinvestor.com/companies/ionic-rare-earths-ltdSign up for Crux Investor: https://cruxinvestor.com

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

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

Iran MOU, Kevin Warsh, B-52 victims, James Talarico, and John Kennedy headline today's A.M. Update. The 14-point Iran memorandum of understanding leaked via CNN and corroborated widely, and Aaron says the detractors were largely right — it reads like capitulation, though he pushes back hard on critics who can't answer what they actually wanted instead, and closes with a drill-baby-drill silver lining: WTI oil at $75 a barrel could mean $2.50 gas by Labor Day. Kevin Warsh chairs his first Fed meeting, holds rates for the fourth straight time, but nine members signal a rate hike is coming, markets sell off, and Trump says it keeps the country down before adding he's guided by his guy. Edwards Air Force Base releases the names of all eight men killed in Monday's B-52 Stratofortress crash: Col. Gregory Watson, Lt. Col. Gabriel Estrella, retired Lt. Col. Miles Middleton, Maj. Alexander Davis, Maj. Robert Dee, Maj. Brad Hovey, Jeromy Smith, and Christopher Rischar. Radiological materials including uranium and thorium samples are found stashed in a locked cabinet at San Francisco's Hunters Point Naval Shipyard by a rogue employee of Navy subcontractor RSI Antec. John Kennedy takes a shot at JD Vance's mother in a one-liner about the Iran deal, James Talarico surfaces old footage praising a radical anti-fossil fuel group called Third Act as the most important work in Texas, and an ICE officer in Pasco County dives fully clothed into a community pool to save an unconscious child.

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Interview with Andrew Dennan, CEO of Halo MineralsRecording date: 16th June 2026Halo Minerals has emerged as a unique opportunity within the junior mining sector by focusing on the reprocessing of historical mine tailings rather than pursuing conventional greenfield mine development. Its flagship Playa Verde Project in Chile aims to recover copper and gold from legacy tailings deposits while simultaneously addressing a long-standing environmental liability.The company's most important achievement to date is securing approval of the project's Environmental Impact Assessment (EIA). For mining projects in Chile, permitting is often one of the largest barriers to development, creating uncertainty around timelines and project viability. With the EIA approved and formal written resolution received, Halo has substantially reduced a key project risk and can now focus on financing, engineering, and execution.The economics outlined in the recently published Competent Person's Report are compelling. The Playa Verde Project contains ore reserves of 32.2 million tonnes grading 0.25% copper, representing approximately 80,000 tonnes of contained copper. Using assumptions of US$5.30 per pound copper and US$4,300 per ounce gold, the project generates a post-tax NPV10 of approximately US$154 million and an estimated IRR of around 51%. These metrics compare favorably with the company's current valuation and suggest meaningful leverage to successful project development.Importantly, Halo is not relying on experimental technology. Management intends to utilize well-established dredging, flotation, and SX-EW processing methods that have been deployed successfully across the mining industry for decades. This reduces technical uncertainty and may improve financing prospects compared with projects dependent on novel extraction technologies.The broader copper market also provides supportive macroeconomic conditions. Demand continues to rise due to electrification, electric vehicle adoption, renewable energy infrastructure, and the expansion of AI-related data centres. At the same time, many industry analysts forecast structural supply deficits over the coming decade as permitting challenges and capital intensity limit the pace of new mine development. Tailings reprocessing projects such as Playa Verde offer a potentially faster route to supplying additional copper to the market.Another notable aspect of the investment case is management's financing strategy. Rather than relying heavily on equity issuance, Halo intends to pursue a combination of offtake agreements, vendor financing, royalty and streaming transactions, and project debt. If successfully executed, this approach could reduce shareholder dilution relative to many junior mining peers.Investors should nevertheless recognize the risks. The company remains pre-FID and must still secure financing and operating partners. Playa Verde currently represents the primary source of near-term value, creating concentration risk. Commodity price volatility, financing market conditions, and execution challenges could all affect outcomes.Looking ahead, the most important catalysts include completion of the updated feasibility study, finalization of financing arrangements, selection of operating partners, and progress toward a final investment decision targeted for late 2026. Success on these fronts would move Halo closer to its goal of first production in 2028 and provide a clearer indication of whether the project's attractive economics can be translated into shareholder value.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

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

President Trump says he has signed a deal to end the war with Iran. The AP's Jennifer King reports.

In this episode of Going Nuclear, Trevor Hall and Justin Huhn sit down with Colin Healey, CEO of Premier American Uranium, for a wide-ranging discussion on the future of uranium exploration and production in the United States. Colin shares his perspective after more than 16 years as a leading uranium equity analyst, explaining why today's supply-demand fundamentals, government policy, and growing nuclear demand create one of the strongest setups the sector has seen in decades. The conversation also explores Premier American Uranium's portfolio in Wyoming and New Mexico, the challenges and opportunities of permitting new uranium projects, and why domestic production has become a strategic priority for the United States. Trevor, Justin, and Colin also discuss the role of utilities, evolving contracting dynamics, and why the uranium market may be entering a period where producers have greater influence over pricing than ever before.

Janet Lee-Sheriff, CEO of Verdera Energy (OTCQB: VUECF | TSXV: V) sees big tech piling into nuclear to power data centers, along with the growing need for uranium in the US defense sector as major drivers for the American uranium mining space. Janet breaks down why there will be no nuclear renaissance without New Mexico, and how Verdera Energy will play a key role in the push for domestically-sourced uranium in the United States.Verdera Energy Website: https://verderauranium.comFollow Verdera Energy on X: https://x.com/Verdera_energyDisclaimer: Commodity Culture was compensated by Verdera Energy for producing this interview. Jesse Day is not a shareholder of Verdera Energy. Nothing contained in this video is to be construed as investment advice, do your own due diligence.Join the LIVE Commodity Culture Bootcamp June 27: https://join.jesseday.caSubscribe to the FREE Commodity Culture Newsletter: https://readplaza.com/commoditycultureFollow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture

Interview with Lon Shaver, President, Silvercorp MetalsOur previous interview: https://www.cruxinvestor.com/posts/silvercorp-metals-nysesvm-377m-cash-el-domo-build-drive-growth-in-silver-dominant-producer-8056Recording date: 15th June 2026Silvercorp Metals has reported a strong performance over its most recent two quarters, with sharp increases in net income and free cash flow largely driven by higher prices for silver, gold, and zinc rather than significant production growth. While output rose modestly, the primary driver of improved margins was the favorable pricing environment, which allowed more revenue per ton of ore without major new capital investment. Seasonal weakness typically seen in the March quarter was mitigated by expanded capacity at the company's flagship Ying Mining District in China.Despite these results, Silvercorp continues to trade at a valuation discount relative to peers. Management attributes this gap to its historical reliance on a single asset in a single jurisdiction, which has limited investor interest, particularly among those less familiar with operating conditions in China. To address this, the company is actively pursuing diversification across both geography and commodities.Key growth initiatives include the El Domo project in Ecuador, currently under construction and expected to begin production by mid-2027, and the Condor gold project, which is being advanced as a potentially low-cost underground mine. In addition, Silvercorp has acquired two gold projects in Kyrgyzstan, providing exposure to more than 6 million ounces of gold. These projects are central to a broader strategy to expand revenue from approximately $400 million today to over $2 billion within five to six years.The company plans to fund this expansion primarily through internal cash flow, supported by an unused $220 million credit facility. It is also seeking a secondary listing on the Hong Kong Stock Exchange to broaden its investor base. Alongside growth, Silvercorp continues to focus on cost control through electrification, off-peak energy use, and increased automation, reinforcing its position as a low-cost producer in a rising metals price environment.Learn more: https://www.cruxinvestor.com/companies/silvercorp-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Gavin Ferrar, CEO of Central Asia MetalsOur previous interview: https://www.cruxinvestor.com/posts/central-asia-metals-lsecaml-beats-cash-forecasts-pays-dividends-9808Recording date: 12th June 2026Central Asia Metals (CAML) has announced the proposed acquisition of ASX-listed Cygnus Metals in an all-share transaction aimed at strengthening its project pipeline and adding a development-stage asset to its portfolio. The deal, expected to complete in September, will see Cygnus shareholders receive approximately 0.06 CAML shares per share, resulting in ownership of about 30% of the combined entity, with existing CAML shareholders retaining 70%. The structure preserves CAML's debt-free balance sheet and allows continued funding of operations, exploration, and dividends.The acquisition centers on the Chibougamau copper-gold project in Quebec, Canada, a brownfield asset comprising five deposits and an existing processing facility. Under Cygnus's ownership, the project's measured and indicated resource increased by 78% to 6.4 million tonnes at roughly 3% copper equivalent, with over 8 million tonnes of inferred resources and significant exploration potential across an 18-kilometre strike length. Existing infrastructure, including an idle mill and permitted tailings facilities, is expected to reduce development costs and timelines compared to a greenfield project.CAML plans to advance the project through an updated preliminary economic assessment followed by a feasibility study, targeting a construction decision within four to five years. The company intends to leverage its operational and tailings management expertise from its Sasa mine, while retaining Cygnus's local management team and community relationships to support permitting and development.Strategically, the acquisition fills a long-standing gap between CAML's exploration assets and producing operations in Kazakhstan and North Macedonia. These existing mines are performing strongly, supporting ongoing dividends of 30–50% of free cash flow. The transaction also reflects a broader industry trend of larger, cash-generative miners acquiring development-stage assets from smaller explorers to unlock value and accelerate project timelines.Learn more: https://www.cruxinvestor.com/companies/central-asia-metalsSign up for Crux Investor: https://cruxinvestor.com

President Trump holds a joint press conference with an Iranian leader who thanks him directly for ending the six week war, then walks through the terms of the new memorandum: Iran will never have a nuclear weapon, the Strait of Hormuz opens permanently and toll free, and the US pays nothing. Trump promises to release the full document and read it word for word at an upcoming press conference, contrasting it sharply with what he calls the disastrous Obama JCPOA. He addresses the buried enriched uranium stockpile, confirming space based surveillance and a plan to eventually destroy it with no rush involved. Trump also responds to Senator Lindsey Graham's skepticism by floating sending the deal to Congress, mentions a White House UFC event from the previous night, and previews a Versailles dinner invitation from the French president before closing with an update on falling oil prices and record stock market highs.

You’re listening to American Ground Radio with Louis R. Avallone and Stephen Parr. This is the full show for June 15, 2026. We open with a major Supreme Court immigration case heading into the next term — the question of whether non-citizens with serious criminal convictions can be held in detention during deportation proceedings without bond hearings. We explain why this isn't a simple bumper sticker case, why the flight risk argument for criminal aliens is fundamentally different from that of U.S. citizens with community roots, and why the ruling could become one of the most consequential immigration decisions of the new term — directly testing how much process is due before temporary custody starts looking like indefinite imprisonment. We also get into President Trump's peace deal with Iran, and why Barack Obama's claim that this is essentially the same deal he negotiated is not just wrong but precisely backwards. Obama's deal had a time limit on nuclear development — legally allowing Iran to have a bomb by 2030. Trump's deal requires Iran to destroy its highly enriched uranium, pledge never to obtain nuclear weapons, stop funding Hezbollah and Hamas, and open the Strait of Hormuz immediately upon signing — with economic relief only after the first two conditions are fully met. No cash on the runway. No expiration date. Not the same deal. In our Top 3 Things You Need to Know, President Trump announced a peace agreement with Iran over the weekend — covering the five key points — with a final signing expected in Switzerland on Friday. Then a B-52 Stratofortress crashed in Southern California after taking off from Edwards Air Force Base, with military officials saying the crash was unsurvivable — we offer our prayers and gratitude to the crew. And President Trump endorsed Congressman Mike Collins in the Georgia Senate Republican runoff against Derek Dooley, a former football coach who admits he didn't vote in either 2016 or 2020. We walk through the five pillars of the Iran deal in detail — destruction of highly enriched uranium, a permanent pledge never to obtain nuclear weapons, ending the naval blockade only after the first two steps are complete, immediate reopening of the Strait of Hormuz upon signing, and a requirement that Iran stop funding all terrorist proxies including Hezbollah and Hamas. We note what makes this deal structurally different from every previous Iran negotiation — enforcement is built into the sequencing, not assumed as an afterthought. Our American Mamas Teri Netterville and Kimberly Burleson discuss whether women should still take their husband's last name when they marry — prompted by viral videos of couples doing rock-paper-scissors and tug-of-war at their own weddings to decide whose name to use. The Spinks Sisters kept their maiden names as middle names, missed them immediately, and are pretty clear on where they stand. We also explore what it signals about a marriage when a woman doesn't take her husband's name — and why in Washington especially, different last names make it a lot harder to spot the conflicts of interest. In our Digging Deep segment, we take on the left's use of adjectives to alter meaning and control thought — starting with the phrase progressive Christianity versus Christian right. We work through why these two constructions mean completely different things, why the need for the adjective tells you the noun isn't what's being advertised, and how a pastor writing in Salon Magazine misquotes Jesus — changing blessed are the poor in spirit to blessed are the poor — to make Christ's words align with progressive ideology. We connect it to George Orwell's observation that whoever controls the language controls the masses, and explain why this linguistic sleight of hand is one of the left's most effective political tools. We also note that Bill Maher is endorsing Graham Plattner — the Maine Democratic Senate candidate with the SS tattoo and the predator website — and explain that this isn't about principle. It's about keeping Susan Collins out of the Senate. Power, not values. We also push back on Robert De Niro's claim that loving America today is like an abused spouse loving an abuser — and point out that conservatives who disagreed with everything Obama and Biden did never stopped saying they loved their country. Disagreeing with your leaders and loving your country are not the same thing. They never have been. For our Bright Spot, the U.S. Men's National Team beat Paraguay 4-1 in the World Cup — the most goals the U.S. has ever scored in a World Cup match, with Florian Balogun scoring two in the first half. But the moment that mattered most came after the final whistle, when the entire team circled up in the middle of the field and prayed. Defender Mark McKenzie, whom teammates call pastor, led the prayer. On the biggest stage in the world, the U.S. team's first instinct was gratitude. We contrast that with Diego Maradona, who scored a goal with his hand and called himself a god. We'll take our team. And we close with Emily Matijovic, a 16-year-old from Michigan who passed away in December and whose family chose to donate her organs. This spring — the spring she was supposed to graduate — her family threw her a graduation party. Four-year-old Ripley Farrell came from West Virginia. She received one of Emily's kidneys. Teenager Landon Coleman came from Virginia. He received Emily's heart. He told her family it lets him do things he couldn't do before. It is in giving that we receive. May your pursuit of happiness bring you joy. Listen now wherever you get your podcasts, visit AmericanGroundRadio.com, and join the conversation at 866-AGR-1776!See omnystudio.com/listener for privacy information.

Interview with Kyle Floyd, CEO of Vox Royalty Corp.Our previous interview: https://www.cruxinvestor.com/posts/from-one-asset-to-eight-how-vox-royalty-tsxvoxr-is-building-a-cash-generating-royalty-powerhouse-7187Recording date: 10th June 2026Vox Royalty Corp reported a record-setting first quarter in 2026, underscoring a period of accelerating growth driven by both strategic acquisitions and a strong gold price environment. The company generated $16 million in royalty receipts, alongside record operating cash flow and earnings per share exceeding $0.30. Management attributed this performance largely to a $60 million portfolio acquisition completed in September 2025, which added high-quality royalty assets that have since benefited from operational improvements and rising commodity prices.Building on this momentum, Vox introduced its first long-term financial outlook, projecting annual royalty receipts of approximately $66 million by 2030—nearly double its current guidance range of $32–$37 million. Notably, this forecast is based բացառively on existing assets, excluding potential upside from future acquisitions or the resolution of ongoing litigation related to the Red Hill royalty.A central element of Vox's investment case is its perceived valuation gap. The company currently trades at roughly $300 per gold equivalent ounce (GEO), significantly below peers such as Triple Flag and Franco-Nevada, which trade closer to $1,200 and $1,800 per GEO, respectively. Management argues this discount is difficult to justify given Vox's reported 28% return on invested capital and growing production base.Financially, the company remains well positioned, with no debt, available credit of up to $75 million, and a disciplined acquisition strategy focused on under-the-radar, pre-production royalties. Near-term catalysts include potential mine life extensions, ongoing drilling activity across its portfolio, and the possible unlocking of the Los Filos stream—acquired for a nominal cost but potentially worth up to $50 million.Overall, Vox Royalty presents a growth profile anchored in existing assets, with management emphasizing both operational execution and valuation re-rating potential.View Vox Royalty's company profile: https://www.cruxinvestor.com/companies/vox-royaltySign up for Crux Investor: https://cruxinvestor.com

Interview with David Cole, CEO of Elemental Royalty Corp.Our previous interview: https://www.cruxinvestor.com/posts/tether-to-assume-33-stake-in-transformational-royalty-merger-of-emx-royalty-elemental-altus-8002Recording date: 11th June 2026Elemental Royalty Corporation has emerged as a major player in the global mining royalty sector, following the merger of Elemental Altus and EMX Royalty. The combined entity now holds over 300 mineral property interests across 23 countries, positioning itself as a diversified, billion-dollar company with projected annual revenues nearing $100 million. Its commodity exposure is balanced, with approximately 60% derived from gold and silver, 30% from copper, and the remainder from base metals such as zinc, lead, and molybdenum.The company operates on a royalty model, enabling it to benefit from mining revenues without bearing operational or capital costs. Its portfolio is structured like a pyramid, combining producing assets for immediate cash flow, development-stage projects for medium-term growth, and exploration-stage properties that offer long-term upside. This structure supports steady revenue generation alongside asset value appreciation.A key factor in Elemental's growth is its strategic partnership with Tether, which holds a 32% equity stake and has injected $100 million into the company. This backing lowers Elemental's cost of capital and provides financial flexibility for acquisitions without relying heavily on equity dilution.Elemental has also significantly improved its market presence, increasing trading liquidity after listing on the NASDAQ and positioning itself for inclusion in major indexes such as the Russell 2000, Russell 3000, and potentially the GDXJ ETF. These developments are expected to attract institutional investment.Future growth is driven by major projects such as the Timok copper deposit in Serbia and the pending Vizsla silver-gold royalty acquisition in Mexico. With strong exposure to both precious metals and energy-transition commodities, Elemental is well positioned to benefit from global demand trends while maintaining a low-risk, capital-efficient business model.View Elemental Royalty's company profile: https://www.cruxinvestor.com/companies/elemental-altus-royaltiesSign up for Crux Investor: https://cruxinvestor.com

Former AFL champion turned macro investor Chris Judd returns to unpack the biggest forces shaping markets right now. From the Iran conflict and energy security to the AI arms race, US interest rates, gold and Australia's productivity problem, Chris explains where he thinks consensus is getting it wrong and how he's positioning the Cerutty Macro Fund to take advantage of the next wave of macro trends.In this episode:00:00 – Chris changes his view on Australian small caps03:24 – Iran, the Strait of Hormuz and why energy matters08:07 – Is Australia at the top of the rate cycle?09:24 – Why Chris disagrees with consensus on US rates13:54 – The real bubble is in bonds19:17 – Will AI create a productivity boom?24:07 – Positioning the portfolio for the AI race31:23 – Australia's gas tax and energy policy debate35:51 – Gold, central banks and sovereign reserves41:23 – The most overlooked investment themes43:47 – The best business Chris has ever seen: Tether45:33 – Why Claude is his investing tool of choice46:19 – Final investing advice: know your game ETFs & stocks mentioned: Gold, Oil, Natural Gas, Copper, Uranium, Helium, Sulphur, Bitcoin, Micron Technology (NASDAQ: MU), Google (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Amazon (NASDAQ: AMZN), OpenAI, Anthropic, SpaceX, Zoom Communications (NASDAQ: ZM), SK Telecom (NYSE: SKM), Lynas Rare Earths (ASX: LYC), Santos (ASX: STO), BHP Group (ASX: BHP), Ramelius Resources (ASX: RMS), Tether, US Treasuries, US DollarFor Flowpower, go to flowpower.com.au/residential/equitymates and use code EM50 to score an extra $50 welcome credit when you sign up to Flow Power. T&Cs apply.———Want to get involved in the podcast? Record a voice note or send us a messageAnd come and join the conversation in the Equity Mates Facebook Discussion Group.———Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we've got you covered.Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)We're particularly excited to share our latest show: Basis PointsListen to the podcast (Apple | Spotify)Watch on YouTubeRead the monthly email———Looking for some of our favourite research tools?Download our free Basics of ETF handbookOr our free 4-step stock checklistFind company information on TIKRResearch reports from Good ResearchTrack your portfolio with Sharesight———This podcast is intended for education and entertainment purposes only. Any advice is general advice and has not taken into account your personal financial circumstances. Before acting on general advice, you should consider if it is relevant to your needs. If unsure, speak to a financial professional. The host of this podcast and their guests may have positions in the companies mentioned. Equity Mates Media is part of the Betashares Group but maintains editorial independence and operates under Australian Financial Services licence 540697. Hosted on Acast. See acast.com/privacy for more information.

Conrad Black emphasizes the vital economic ties between the U.S. and Canada, noting Canada provides 25% of U.S.aluminum and 20% of its uranium. He expresses confidence that Prime Minister Mark Carney will build necessary oil pipelines to both coasts to benefit the Canadian economy, despite opposition from environmental groups and Carney's own "green instincts." (15)1521

  The long-term bullish narratives surrounding precious metals are hitting a massive wall of technical resistance, while the broader equity markets are staging a quiet...

The long-term bullish narratives surrounding precious metals are hitting a massive wall of technical resistance, while the broader equity markets are staging a quiet show of internal strength. In this Weekend Show, we strip away the mainstream noise to give investors an actionable reality check. Technician Richard Postma ("Doc") breaks down the structural chart damage done to gold and silver, revealing why a secular bull market won't save you from a multi-year cyclical beatdown. Next, fund manager Dana Lyons shifts the lens to equities and energy, mapping out the stark divergence between fading tech momentum and a resilient broader market, alongside a technical blueprint for copper and oil.  Segment 1 & 2 - Richard Postma, AKA Doc, kicks off the show with a deep dive into the charts for precious metals. Doc explains that gold and silver have entered a prolonged cyclical bear market. Despite this bearish short-term outlook, he emphasizes that the overarching secular bull market remains intact and advises listeners to look at this correction as a prime accumulation opportunity, specifically recommending the purchase of high-cash-flow producers with low price-to-earnings ratios once the market bottoms out.    Segment 3 & 4 - Dana Lyons, fund manager and editor of the Lyons Share Pro website, provides his technical insights on gold, copper, uranium, oil, tech and AI stocks, international markets, and cryptocurrencies.   Click here to visit the Lyons Share Pro website and learn more about Dana's investment services - https://lyonssharepro.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Interview with Thomas Lamb, CEO, and  George Van Der Walt, Senior Geologist, of Myriad Uranium Corp.Our previous interview: https://www.cruxinvestor.com/posts/myriad-uranium-csem-from-historical-data-to-drill-confirmed-resource-the-phase-2-plan-10192Recording date: 10th June 2026Myriad Uranium Corp (CSE:M) is an early-stage uranium developer with three projects located entirely within the United States, at a moment when domestic uranium supply has become a stated federal priority. The company's flagship Copper Mountain project in central Wyoming is the primary investment case: a large-scale conventional uranium asset that was within two years of production before the Three Mile Island accident shut down the US uranium sector in 1979, and which has since sat largely dormant while the geopolitical and policy environment has shifted decisively in favour of domestic producers.The foundation of the Copper Mountain investment case rests on an unusually well-documented technical record. Union Pacific Railroad and Southern California Edison invested approximately $125 million in today's dollars across the property during the 1970s, drilling 2,000 holes and identifying seven discrete uranium deposits with a combined historical resource of 27 million pounds. In 1982, Bendix Engineering commissioned by the US Department of Energy assessed the broader district and estimated a potential uranium endowment of up to 655 million pounds. While the figure is not a current NI 43-101 compliant resource estimate, but it is an independent government study, and it frames the scale of what Myriad is working to define.More recently, Myriad's own Phase One drill programme at the Canning Deposit returned laboratory assay grades 50–60% higher than the historical gamma probe measurements on which prior resource estimates were based. The practical implication is that those historical figures were likely conservative a conclusion that Phase Two drilling is now designed to test across all seven deposits. The company has also completed a district-wide airborne magnetic and radiometric survey that identified significant uranium signatures in an eastern zone of the project area, entirely beyond the historical drilling footprint, representing a material exploration upside that has not yet been reflected in the market.Phase Two drilling begins shortly, funded by a cash position of approximately $12–13 million which is sufficient to advance the programme without near-term dilutive pressure. The pending acquisition of Rush Rare Metals will deliver 100% ownership of Copper Mountain, simplifying the asset structure. A planned uplisting to the TSX Venture Exchange and subsequent US exchange listing is expected to broaden the investor base.The two secondary assets, Red Basin in New Mexico, where Myriad retains a 10% free-carried interest following a sell-down to a well-capitalised technology-backed consortium, and the Breccia Pipe project in Arizona, optioned to Wedgemont Resources at no cost to Myriad provide additional optionality without requiring capital deployment.The United States currently consumes approximately 50 million pounds of uranium per year and produces roughly one million. That structural gap, combined with an executive policy framework explicitly supporting domestic uranium development and the prospect of floor pricing for US-produced uranium, creates a favourable environment for developers with permitted, drill-ready US assets. Myriad's current market capitalisation of approximately $40 million reflects its CSE-listed junior status more than the scale of the asset it is advancing. As Phase Two results begin to flow, that disconnection may not persist.View Myriad Uranium's company profile: https://www.cruxinvestor.com/companies/myriad-uraniumSign up for Crux Investor: https://cruxinvestor.com

So far the US negotiating team has focused like a laser on the 11 bombs worth of Uranium buried by American munitions in Iran - and for good reason. But did you know, Iran also has access to another site with enough plutonium to make 200 bombs that is largely being overlooked?    Obama's nuclear deal left a huge backdoor wide open for Iran, and as this current war continues to develop,  the threat it poses is increasingly becoming harder to ignore. Ben Hilton breaks it down for you.  Sign up for The Israel Guys Show Notes: https://theisraelguys.com/subscribe/ Follow The Israel Guys on X: https://x.com/theisraelguys Join our Telegram channel: https://t.me/theisraelguys #israel #iran #iranwar #israelnews #trump #Hamas #Hezbollah  

Interview with Alex Walker, Director & CEO of East Star Resources PLCOur previous interview: https://www.cruxinvestor.com/posts/east-star-resources-lseest-endeavour-xinhai-deals-transform-2026-outlook-8740Recording date: 9th June 2026East Star Resources (LSE:EST) is a London-listed mining company with a focused strategy: identify, advance, and partner world-class copper and gold assets in Kazakhstan, one of the world's most mineral-rich but systematically underexplored countries. The company has moved well beyond its origins as a conventional junior explorer. It now holds two major joint ventures — one with Xinhai Mining on its Verkhuba copper deposit, and one with Endeavour Mining across two Kazakh gold belts alongside a portfolio of 100%-owned projects led by the Rulikha copper deposit.The core investment proposition rests on a simple structural advantage: East Star has secured the funding, operational capability, and technical resources of two large, credible mining companies to advance its assets, whilst retaining material economic interests without bearing the associated capital costs. At Verkhuba, Xinhai is funding the project through to production in exchange for 70% of the asset. East Star keeps 30%, free-carried. With a mining licence application targeted for submission this year, construction planned for end-2027, and first cash flow anticipated by end-2028, Verkhuba represents a defined, near-term pathway to copper production cash flow for East Star shareholders without a single further dilutive equity raise required on their part.The Endeavour Mining joint venture operates on a different but equally compelling logic. Endeavour is committing up to $25 million across two exploration programmes in the Stepnogorsk and Karaganda regions, targeting a minimum 2-million-ounce gold discovery. East Star is free-carried at 20% through to prefeasibility. The company's CEO, Alex Walker, has been explicit about the scale of potential value: a 20% interest in a major gold deposit developed by a FTSE 100 operator could be worth, in his assessment, a billion dollars for East Star's share alone. That outcome is speculative and dependent on exploration success but the structure means East Star reaches the point of knowledge without paying for it.Underpinning both JVs is a proprietary competitive advantage that is difficult to replicate. East Star's geological database combined with years of in-country relationship-building with local authorities, communities, and regional officials, gives the company an informational and operational edge in a jurisdiction where most international explorers are only beginning to establish a presence. Walker describes Kazakhstan in terms that evoke Western Australia a generation ago: a province of extraordinary endowment, with the majority of its mineral belts still available for systematic modern exploration.Beyond the JVs, the 100%-owned pipeline including Rulikha at 23 million tonnes and 2.4% copper equivalent, alongside Rulikha North, Telescope, Picket, and Snowy, all provide additional optionality. Each asset carries independent discovery and JV potential, creating multiple pathways to value creation that are not dependent on any single outcome.For investors seeking exposure to copper and gold in a structure that limits dilution risk, provides near-term production catalysts, and offers meaningful upside from major-company-funded exploration, East Star Resources warrants serious consideration.View East Star Resources' company profile: https://www.cruxinvestor.com/companies/east-star-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Bradley Langille, President & CEO of GoGold Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/gogold-resources-tsxggd-awaiting-final-permits-and-green-light-for-227m-silver-mine-6812Recording date: 9th June 2026GoGold Resources has secured the long-awaited environmental permit for its Los Ricos South silver-gold project in Mexico, clearing the final regulatory hurdle and enabling a formal construction decision. The company expects to begin mobilizing within weeks, marking a major transition from development to build. Backed by a strong financial position, GoGold holds approximately $280–285 million in cash against a total project capital requirement of $227 million, allowing it to fully fund construction without raising equity or taking on debt. This funding strength is supported by steady annual free cash flow of $70–80 million from its producing Parral mine.The project is already well advanced, with roughly 75% of detailed engineering completed and key long-lead equipment, including the SAG mill and filter presses, secured. Major contractors have been engaged, and critical infrastructure such as a 36-kilometre power line is under construction. This level of preparation reduces execution risk and could accelerate the estimated 24-month build timeline.Los Ricos South is expected to produce 7.3 million silver-equivalent ounces annually at a low all-in sustaining cost of $12 per ounce, positioning it as a high-margin operation. Notably, the mine's design prioritizes early access to high-grade ore, which is projected to generate around $400 million in after-tax free cash flow within the first 18 months of full production—nearly double the initial capital investment.At the same time, GoGold is advancing the nearby Los Ricos North project, located 18 kilometres away, with plans to align its permitting and development timeline to follow South. Together, the two projects form a broader district strategy that could support long-term production growth.With a fully funded build, strong cash flow, and a clear expansion pipeline, GoGold is positioned as a financially resilient and operationally prepared player in the silver mining sector.View GoGold Resources' company profile: https://www.cruxinvestor.com/companies/gogold-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Keith Boyle, CEO & Director of New Found GoldOur previous interview: https://www.cruxinvestor.com/posts/new-found-gold-tsxvnfg-fully-funded-drill-program-for-2026-10527Recording date: June 9th 2026New Found Gold Corp (TSXV: NFG | NYSE-A: NFGC) is advancing two gold projects in Newfoundland and Labrador, Canada. Its flagship Queensway Gold Project hosts a NI 43-101 resource of 1.39 million ounces of indicated gold at 2.40 g/t and 0.608 million ounces of inferred gold at 1.77 g/t. The Hammerdown Gold Project, acquired in 2025, provides access to the Pine Cove Mill, a fully permitted, operational processing facility that will receive Queensway Phase 1 ore from Q4 2027, with commercial production targeted for 2028.Hammerdown is in the final stages of its ramp-up to commercial production, defined as sustained 700 tonne-per-day throughput with consistent grade from the open pit. At steady state, the operation is projected to generate $40 to $50 million per year in free cash flow at an AISC of approximately $2,500 per ounce - sufficient to cover corporate overhead and fund the exploration program. The Pine Cove Mill is being doubled in throughput capacity as part of the Phase 1 capital program, removing the need for a separate processing facility at Queensway. A $220 million financing package closed in April 2026 funds Phase 1 construction, with $148 million in cash and marketable securities held as of May 2026.Queensway Phase 1 targets approximately 100,000 ounces per year in the first two years at grades of 12 to 12.5 g/t and an AISC of around $1,300 per ounce. The PEA's base case at US$2,500 gold shows an after-tax NPV of C$743 million, an IRR of 56%, and payback of under two years. The operational team being assembled at Hammerdown, including newly promoted General Manager of Mines Mark Ross, will transfer directly to Queensway.A 90,000-metre drill program is underway across a 110-kilometre land package, with the Dropkick zone, returning intercepts of up to 42.79 g/t Au over 14.95 metres and excluded from the current MRE, among the key targets. An updated resource estimate incorporating Dropkick is expected in 2026.—Learn more: https://cruxinvestor.com/companies/new-found-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Hayden Locke, President & CEO of Marimaca Copper Corp.Our previous interview: https://www.cruxinvestor.com/posts/marimaca-copper-tsxmari-tier-one-discovery-potential-alongside-mod-growth-10320Recording date: 8th June 2026Marimaca Copper's Pampa Medina discovery in Chile's Antofagasta region is emerging as a potentially world-class copper asset, with drilling confirming both exceptional grades and expanding scale. Recent results from key drill holes have defined an ultra high-grade bornite-rich core, including intersections such as 16 metres at 5.7% copper and 62.6 g/t silver. These findings sit within a broader mineralised column that can reach up to 100 metres in thickness at average grades around 1.2% copper, significantly enhancing the project's economic potential.Drilling has now confirmed mineralisation across an area exceeding 2 square kilometres, with the system remaining open along a northeast–southwest trend and at depth. Based on early geometric assumptions, the deposit could host between 120 million and 500 million tonnes of ore, depending on true thickness. The presence of mineralisation in multiple geological units, including newly identified zones in basement rocks, further supports the potential for substantial expansion.These developments are prompting a shift in mining strategy. Rather than a selective underground approach, Marimaca is evaluating bulk mechanised mining methods that could lower costs and allow extraction of a larger portion of the mineralised column. This shift could materially increase recoverable tonnage and improve project economics.While the Marimaca Oxide Deposit remains the company's near-term development priority—and is considered valuable enough to justify the current market valuation on its own—Pampa Medina is increasingly seen as a standalone tier-one opportunity. Ongoing drilling, a forthcoming maiden resource estimate, and strong copper market fundamentals position the discovery as a potentially significant asset in a supply-constrained global market, with the scale and location likely to attract interest from major mining companies.View Marimaca Copper's company profile: https://www.cruxinvestor.com/companies/marimaca-copperSign up for Crux Investor: https://cruxinvestor.com

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

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

Interview with Thomas Abraham-James, President & CEO of Pulsar Helium Inc.Our previous interview: https://www.cruxinvestor.com/posts/pulsar-helium-tsxvplsr-building-americas-primary-helium-supply-9105Recording date: 8th June 2026Pulsar Helium (TSXV:PLSR) sits at the intersection of a structural commodity supply crisis and an accelerating domestic US critical minerals agenda. The company is developing the Topaz helium project in northern Minnesota, a primary helium resource that does not depend on natural gas production economics, carries an average helium concentration of 8.1% across seven drilled wells, and is now backed by a completed regulatory framework, a major US engineering partner, and production-ready drilling scheduled for September 2026.More than 95% of global supply is produced as a byproduct of natural gas processing, which means output cannot be increased in response to price signals. When a major production node goes offline, the market has no rapid self-correcting mechanism. Two major nodes are now offline simultaneously. The closure of the Strait of Hormuz to container shipping has cut Qatar's export route — Qatar historically supplying approximately 35% of global helium. Russia, contributing a further 10%, has introduced export controls. The combined disruption has removed approximately 45% of global helium supply from the market. The CEO of QatarEnergy has indicated that restoring full production capacity could take three to five years. US customers are already reporting order allocations of 50% of typical volumes, with premiums on top.Against this backdrop, Topaz's geological profile is genuinely differentiated. The project was identified following an accidental discovery during nickel and copper exploration drilling, when a drill hole returned helium concentrations between 10-12% and is among the highest ever recorded. Since listing via IPO in the third quarter of 2023, Pulsar has drilled seven wells across the project area. All seven encountered gas. The current average concentration of 8.1% places Topaz in an entirely different grade regime from conventional byproduct production and makes primary extraction commercially viable as a standalone helium operation.The regulatory picture has materially improved. Minnesota had no prior framework for gas production. In 2024, the state legislated helium as a regulated commodity. In June 2026, the operational regulations were finalised — a process driven substantially by Pulsar's own work at Topaz. The removal of this non-geological risk represents a meaningful de-risking event for the project's development timeline.The confirmation of Helium-3 at Topaz adds a longer-horizon dimension. Helium-3 has applications in quantum computing and fusion research and is currently transferred between US government agencies at approximately US$18.7 million per kilogram. No commercial separation process exists at scale yet, and management has been measured in how it frames characterising Helium-3 as the cherry on top whilst keeping Helium-4 production as the operational priority. That framing is appropriate, but the optionality is real.The risk profile is consistent with a development-stage company. The resource has not yet been independently quantified at full scale. The economic assessment is pending. Production-ready well drilling has not yet commenced. Investors should size positions accordingly. But for those with the risk appetite for early-stage resource exposure, the combination of a 100% drilling success rate, a completed regulatory framework, a confirmed supply crisis with a multi-year recovery horizon, and an engineering partner already at work makes the near-term catalyst pathway unusually clear.View Pulsar Helium's company profile: https://www.cruxinvestor.com/companies/pulsar-heliumSign up for Crux Investor: https://cruxinvestor.com

Interview with Peter Akerley, President & CEO of Erdene Resource Development Corp.Our previous interview: https://www.cruxinvestor.com/posts/erdene-resource-development-tsxerd-first-gold-flows-as-multi-mine-district-strategy-unfolds-8931Recording date: 6th June 2026Erdene Resource Development has entered a new phase as a gold producer with the successful commissioning of its Bayan Khundii mine in southwestern Mongolia. The operation reached commercial production in early 2026 and is already generating strong financial results, including roughly C$100 million in revenue and EBITDA margins մոտ 50%. However, the company's immediate priority is improving ore grades, which are currently around 2.5 g/t compared to the 3.8 g/t reserve target. Addressing dilution and optimizing processing are expected to significantly lower costs and boost cash flow.The mine was developed through a 50/50 joint venture with Mongolian Mining Corporation (MMC), whose local expertise and workforce enabled construction to be completed in just 22 months at a cost of $120 million. This partnership remains central to operations, while Erdene retains long-term upside through a royalty structure that increases its economic share after certain production thresholds are reached.Looking ahead, Erdene is focused on expanding production within the Khundii Minerals District. Near-term opportunities include integrating the high-grade Dark Horse satellite deposit and evaluating a heap leach facility to process lower-grade material, potentially adding up to 35,000 ounces annually. Exploration success to the west of the current pit could also extend mine life and increase output.Beyond Bayan Khundii, the company holds additional assets that are not fully reflected in its valuation. These include the Altan Nar gold-polymetallic project and the large Zuun Mod molybdenum-copper deposit, with a preliminary economic assessment expected in late 2026. Financially, Erdene is in a solid position with no corporate debt and plans to fully repay project-level debt by 2027, after which it may prioritize expansion, dividends, or share buybacks.View Erdene Resource Development's company profile: https://www.cruxinvestor.com/companies/erdene-resource-developmentSign up for Crux Investor: https://cruxinvestor.com

Interview with Frederick H. Earnest, President & CEO of Vista GoldOur previous interview: https://www.cruxinvestor.com/posts/vista-gold-nysevgz-undervalued-investment-series-with-frederick-h-earnest-9735Recording date: 4th June 2026Vista Gold is advancing its Mt Todd gold project in Australia's Northern Territory through a disciplined three-pillar strategy focused on permitting, people, and engineering, as it moves toward a definitive investment decision. The project, one of the largest undeveloped gold assets in the country, holds 5 million ounces in reserves and 10 million ounces in total resources. Recent efforts have centered on resizing operations from 50,000 to 15,000 tons per day to improve capital efficiency, prompting modifications to existing permits rather than entirely new approvals.Permitting remains the most time-sensitive component. Key steps include updates to mining and operating permits, engagement with Aboriginal stakeholders, and preparation for federal environmental approval under the EPBC Act. The application is expected in late 2026, with a decision timeline of six to nine months.At the same time, Vista Gold is strengthening its leadership team, hiring senior executives across technical, approvals, and external relations functions. The company is also recruiting an Australia-based Managing Director to oversee local development and support financing efforts, including a potential listing on the Australian Securities Exchange.Engineering optimization is a major value driver. Metallurgical testing aims to refine processing efficiency, while a geotechnical study on the Batman Pit could significantly reduce waste movement. If successful, this adjustment may lower mining costs by up to $200 million or unlock additional gold reserves.Project economics are highly sensitive to gold prices. At $3,300 per ounce, Mt Todd carries a net present value of $2.2 billion and an internal rate of return near 45%. With gold trading above $4,500, the project's upside is substantially greater. Despite this, Vista Gold's market valuation remains well below its estimated asset value, positioning the project as a leveraged play on strong gold market conditions.View Vista Gold's company profile: https://www.cruxinvestor.com/companies/vista-gold-corporationSign up for Crux Investor: https://cruxinvestor.com

Interview with Dr. Mike Jones, MD of Impact Minerals Ltd.Our previous interview: https://www.cruxinvestor.com/posts/impact-minerals-asxipt-pitch-perfect-october-2025-8328Recording date: 8th June 2026Impact Minerals Limited (ASX:IPT) is undergoing a deliberate and material transformation. What began as a junior mining explorer is becoming, under the direction of Managing Director Dr. Mike Jones, a specialty chemicals and material science company with a credible path to producing high-purity alumina which is  a critical input for battery separators, artificial sapphire, advanced ceramics, and semiconductor components.The company's commercial strategy rests on two interconnected assets. The first is a 50% stake in Alluminous, which holds a patented solvent extraction process for producing HPA from widely available chemical feedstock. That intellectual property is now protected across the United States, Canada, and Southeast Asia, jurisdictions that management views as the primary commercialisation markets. The second is the Lake Hope clay project in Western Australia, where a Pre-Feasibility Study has been completed and work toward a Definitive Feasibility Study is underway.What has sharpened investor attention recently is a process engineering breakthrough at the Alluminous pilot plant. By modifying the orientation of impellers in the solvent extraction stage, the team achieved up to ten times the originally designed throughput. Dr. Jones has stated that this discovery could allow the company to reach production capacity comparable to its listed peers for under AU$10 million in capital — against the AU$200 million-plus spent by those peers to reach similar output levels. The scoping study for a 2,000-tonne-per-annum commercial plant is expected to provide independent cost validation shortly, making it one of the most significant near-term catalysts for the stock.The competitive context is instructive. Alpha HPA carries a market capitalisation of approximately AU$650–700 million. Advanced Energy Minerals trades at approximately AU$250–300 million. Both began as resource companies and have re-rated substantially as they have moved toward production. Impact Minerals currently sits at a significant discount to both, at a stage where the technology has been proven in batch mode, IP is protected, and initial customer engagement — including 3kg sapphire-grade samples dispatched to European buyers — is underway.The market entry strategy is measured. Rather than chasing premium 5N pricing immediately, management has chosen to enter the higher-volume 3N advanced ceramics segment first, building commercial credibility before moving up what Dr. Jones calls the "pyramid of purity." This approach mirrors the path taken by peers and reduces the risk of prolonged customer qualification timelines.The company's byproduct streams add further resilience to the investment case. Potash which is almost entirely imported into Western Australia and aluminium chlorohydrate have both attracted early buyer interest and are the subject of a separate scoping study. A joint venture on these streams would allow Impact to advance its HPA programme without proportional increases in capital expenditure.The principal risks are clear and should be held alongside the opportunity. Back-end engineering challenges remain unresolved, the technology has not yet been demonstrated at scale, and the company is pre-revenue. However, with patent protection secured, a breakthrough in production efficiency, a clear commercialisation roadmap, and peers trading at valuations ten to twenty times higher, the risk-reward profile at current prices warrants serious investor attention.View Impact Minerals' company profile: https://www.cruxinvestor.com/companies/impact-mineralsSign up for Crux Investor: https://cruxinvestor.com

Enjoyed our podcast? Shoot us a text and let us know—because great conversations never end at the last word!This week on TezTalks Radio, host Brandon Langston welcomes back Ben Elvidge to discuss the next evolution beyond Uranium.io: **Metals.io>.Last time, the conversation focused on uranium and the challenge of making a difficult physical commodity accessible through modern financial infrastructure.This time, the lens gets much wider.Metals.io expands that vision into a broader universe of materials including gold, uranium, strategic metals, and upcoming additions like cobalt, silver, palladium, and nickel. At the heart of the discussion is a simple question:Why are some of the world's most important materials still so difficult for ordinary investors to access directly?

To join Uranium Insider's email list: https://bit.ly/4p6b3pN This video is intended for entertainment and educational purposes ONLY. Always do your own due diligence before making any financial decisions. In this episode, Justin discusses the de-risked primary and secondary demand, and the fragile uranium supply chain supporting it. Justin Huhn is the Founder and Publisher of the Uranium Insider Newsletter...the only investing newsletter that focuses solely on #uranium and publishes on a regular monthly basis. Tags: Cameco CCJ Small Modular Reactor SMR Commodities Uranium Stock Markets Technical Analysis SP500 Dow Nasdaq Insider Picks Charts Resource Investing #nuclear #gold #silver #inflation #recession #depression #bitcoin #dollar #dxy #macro #monetary #communism #capitalism #money #currency #debt #crisis #food #water #prepare #climatechange #energy #crypto #investing #ai

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

Interview with Rudi Deysel, Managing Director & CEO of West Wits MiningOur previous interview: https://www.cruxinvestor.com/posts/west-wits-mining-asxwwi-delivers-first-gold-and-sets-course-on-expansion-pathway-9773Recording date: 5th June 2026West Wits Mining has reached a pivotal stage in the development of its Qala Shallows gold project in South Africa, marking a transition from early-stage infrastructure work to direct ore extraction. The company has successfully completed a key underground decline and broken into Level 2, enabling access to the primary ore body and setting the foundation for improved production performance.This milestone allows the operation to shift from extracting lower-grade development ore—previously diluted by surrounding waste rock—to higher-grade stoping ore sourced directly from the reef. As stoping activities expand, gold grades are expected to progressively increase toward a target of approximately 3 grams per tonne, improving recoveries, reducing unit costs, and strengthening overall project economics.Operational readiness has been supported by new mining equipment and an expanded fleet, enabling simultaneous work across multiple mining faces. This enhances flexibility, reduces downtime, and supports consistent production rates while reinforcing safety and operational discipline.West Wits is also advancing a scoping study, due by the end of July 2026, to define the optimal pathway for scaling the project to a steady-state production target of 70,000 ounces per year by 2028. The study will evaluate mining methods, processing options, and infrastructure requirements, including the potential use of third-party facilities versus a standalone plant.Financially, the company is nearing closure of a syndicated debt facility that will fund remaining capital requirements through to projected break-even, estimated within 30 months of the feasibility baseline.Beyond Qala Shallows, West Wits is progressing exploration at its Bird Reef Central project, aiming to establish a resource from a gold-uranium target. Together, these developments position the company for multi-asset growth within the historically significant Witwatersrand Basin.View West Wits Mining's company profile: https://www.cruxinvestor.com/companies/west-wits-miningSign up for Crux Investor: https://cruxinvestor.com

Justin discusses the supply and demand developments for the uranium market for 2025, and how they are setting up the next move for uranium in 2026. To join our email list, click here: https://bit.ly/4p6b3pN

Recording date: 5th June 2026Global financial markets are exhibiting a striking disconnect between geopolitical risk and investor behavior, as major U.S. equity indices simultaneously reached record highs despite escalating tensions in the Strait of Hormuz. Ongoing missile exchanges and a fragile ceasefire between the United States and Iran have done little to unsettle equities, creating what market observers describe as a “Goldilocks” environment where negative macro risks are largely ignored. At the same time, attention has narrowed sharply toward the anticipated $75 billion SpaceX initial public offering, which is drawing liquidity away from bonds, Bitcoin, and commodities.The scale of the SpaceX IPO is expected to have meaningful mechanical effects on markets. With rapid inclusion into major indices, institutional investors are likely to position ahead of forced index buying, potentially diluting existing index constituents. This dynamic has contributed to strong performance in select equity sectors, particularly technology, while other asset classes lag.In contrast to declining gold and oil prices, copper has emerged as a standout performer. Supply-side constraints - including reduced production guidance from major miners such as Freeport-McMoRan, Ivanhoe Mines, and Codelco - have tightened the market. Additional risks stem from the Strait of Hormuz, a critical transit route for sulfuric acid used in copper processing. Stronger-than-expected industrial data from both the United States and China has further reinforced demand for the metal.Meanwhile, developments in the mining sector highlight emerging friction in global dealmaking. Chinese regulators have raised concerns that Zijin Mining's proposed acquisition of Allied Gold is overpriced, signalling potential constraints on future outbound mergers and acquisitions.Against this backdrop, investors are adopting a cautious stance. Elevated cash positions and expectations of summer volatility - driven by geopolitical uncertainty, IPO-related liquidity shifts, and seasonal commodity weakness - suggest that while markets appear calm, underlying risks remain significant.Sign up for Crux Investor: https://cruxinvestor.com

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

Interview with William Sheriff of Manhattan MetalsRecording date: 22nd May 2026Manhattan Metals Corp is a pre-IPO gold and silver company with a business model that is straightforward in concept but rare in practice: acquire small, high-grade gold deposits in Nevada that major mining companies overlook, and process them through a centrally owned mill to generate near-term cash flow. The company was founded by Bill Sheriff, a veteran geologist with decades of exploration experience in Nevada and a track record of executing this exact model in the Yukon.The core insight behind Manhattan Metals is that Nevada, one of the most gold-rich states in the US, with more than 300 identified gold districts, contains hundreds of viable deposits that sit idle because they do not meet the scale requirements of major producers. A deposit of 250,000 ounces of gold is worth over one billion dollars at current prices. Yet without a mill and without institutional-scale tonnage, it generates nothing. Manhattan Metals is positioning itself as the entity that provides the missing infrastructure.The company has already acquired a 400-ton-per-day gravity flotation mill which is a tangible hard asset that distinguishes it from the majority of junior mining companies whose primary asset is a future promise. The mill needs to be relocated and repermitted, a process expected to take approximately two years, and site selection is the near-term priority before a public listing proceeds. A smaller 20-to-25-ton-per-day circuit is also planned for exceptionally high-grade, low-tonnage material.Manhattan Metals currently controls seven Nevada properties, including one with a historic resource of several hundred thousand ounces and an underexplored high-grade vein system with only three drill holes completed. Beyond its owned assets, the company has identified more than 50 additional candidate deposits and owns an in-house reverse circulation drilling rig to validate them cost-effectively. The technical team includes a senior metallurgist with international milling and heap-leach experience which Sheriff acknowledges is in short supply across the industry.The investment case rests on several distinct pillars. First, the strategy addresses a segment of the market with no meaningful competition, as both major miners and conventional juniors are oriented toward different scale targets. Second, the model is designed to generate revenue relatively quickly compared to traditional junior mining timelines, reducing the dilution risk that characterizes most early-stage resource companies. Third, management has signaled a long-term intention to pay dividends, an unusual and investor-friendly commitment in this sector.The primary risks are permitting timeline uncertainty, the pre-revenue nature of the company, and the operational complexity of moving and reestablishing a milling facility. These are real and material considerations. However, the combination of a proven operator, owned infrastructure, an in-house drilling capability, and a clearly defined pipeline of assets positions Manhattan Metals as one of the more substantively prepared pre-IPO mining companies currently approaching public markets.For investors seeking gold exposure grounded in operational execution rather than speculative exploration, Manhattan Metals represents a proposition worth evaluating closely as it moves toward its public listing.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

Please enjoy my conversation with Rebecca Hunter, VP of Exploration at Forum Energy Metals $FMC.V.Rebecca has spent her life exploring the world for commodities, specifically uranium.This week, we get a boots-on-the-ground view of what it's like to explore for uranium. We discuss everything that goes into it, including geophysics, drilling, capital allocation, where to drill, and what red flags Rebecca sees in other junior explorer companies.Finally, we end the conversation discussing the uranium market, it's supply/demand imbalance, and what higher prices mean for the future of yellow cake.If you enjoyed this episode, please follow Rebecca on Twitter @UraniumHuntress.Also, please note that I do not own shares in $FMC.V. This podcast is for entertainment/educational purposes only. Please do you own work before investing in any security.

In this episode of The President's Daily Brief: American and Israeli strikes may have damaged Iran's nuclear facilities, but one critical question remains unanswered: where is Tehran's stockpile of highly enriched uranium? We examine new reporting on the mystery surrounding Iran's nuclear material and why its location could shape the future of any deal between Washington and Tehran. Vladimir Putin is tightening his grip on Russia's economy as some of the country's wealthiest oligarchs see their business empires threatened by an expanding campaign of state asset seizures. Ukraine launches a large-scale drone attack targeting St. Petersburg just as Russia's premier economic summit—often referred to as "Putin's Davos"—gets underway, bringing the war to the doorstep of Russia's political and business elite. In today's Back of the Brief, federal prosecutors accuse a California businessman of spending years helping Iran acquire sensitive American technology allegedly destined for the regime's nuclear and military programs. To listen to the show ad-free, become a premium member of The President's Daily Brief by visiting https://PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief.  YouTube: youtube.com/@presidentsdailybrief Blocktrust: Move your retirement into the next generation of assets, go to https://mikebakercrypto.com now to claim your $2,500 Bitcoin bonus. Ethos Life Insurance: Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at: https://ethos.com/PDB Chapter: Compare every medicare plan call 915-671-5252 today! Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan's contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don't directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact https://Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

Stijn Schmitz welcomes Dr. Nomi Prins to the show. Dr. Nomi Prins is Founder of Prinsights Global and Substack. The discussion opens with a broad assessment of global economic headwinds, including the ongoing blockage of the Strait of Hormuz and rising bond yields. Dr. Prins explains that even a hypothetical resolution to the strait crisis would not immediately ease supply backlogs, keeping oil prices elevated and contributing to persistent inflation. She notes a significant dislocation between struggling economic confidence and stock markets reaching all-time highs, fueled by large asset funds and cash waiting on the sidelines. The conversation shifts to the beneficiaries of supply disruptions, where Dr. Prins sees value in oil producers outside the Middle East, such as those in Colombia, which can bypass the strait. She then highlights uranium as a critical, underappreciated story, emphasizing that nuclear energy's role in powering data centers and AI creates surging demand against a backdrop of severely constrained supply, with new mines taking up to 18 years to develop. This supply deficit, she argues, makes current uranium prices appear very low. Addressing inflation and central bank policy, Dr. Prins anticipates that while short-term rates will likely remain unchanged, the Federal Reserve may increase long-term bond purchases, effectively reawakening quantitative easing to manage debt servicing costs. She believes this will not significantly stimulate the broader economy but that real growth will come from hard assets and commodities like copper and silver, which are essential for electrification and in structural deficit. On gold, she remains bullish, citing its stability and the fact that central banks now hold it as their top reserve currency, viewing it as a long-term diversifier. She maintains a year-end gold price target of $6,000. The interview concludes with Dr. Prins pointing to significant investment opportunities in junior mining, particularly in copper, uranium, and rare earth elements, for investors who can look past current geopolitical volatility. Timestamps: 00:00:00 – Introduction 00:00:41 – Global Economy Headwinds 00:01:08 – Strait of Hormuz Disruptions 00:03:20 – Oil Price Outlook 00:06:30 – Oil Producer Opportunities 00:09:43 – Uranium Energy Security 00:13:00 – Commodity Supply Shortages 00:18:28 – Fuel Shortages 00:20:40 – Inflation and QE Outlook 00:26:46 – Gold Market Stability 00:31:33 – Mining Sector Investments 00:35:00 – Concluding Thoughts Guest Links: X: https://x.com/nomiprins Website: https://nomiprins.com Substack: https://prinsights.substack.com Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world’s geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money. Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are manipulated to serve the interests of an elite few at the expense of everyone else.

Send us Fan MailThomas Lamb, CEO of Myriad Uranium (OTC: MYRUF), joins host Tim Gerdeman and WTR analyst Dimitri Silverstein to discuss the company's flagship Copper Mountain Uranium Project in Wyoming and the catalysts that could materially re-rate the asset over the next 12 months. Lamb walks through the December 2025 airborne geophysics program that identified significant new anomaly areas east of the known resource, the Phase 2 drilling program now underway and the key milestones investors should track, and the strategic rationale for consolidating 100% ownership through the Rush Rare Metals merger. The conversation also covers the monetization of the Red Basin project in New Mexico and what the entry of technology-sector investors into uranium signals about where institutional capital is heading as AI data centers and energy security drive renewed demand for domestic nuclear fuel supply. 

1. Iranian Uranium Stockpile Iran’s enriched uranium stockpile is the central sticking point in negotiations. The U.S. position is: Iran must surrender, transfer, or destroy its uranium entirely No compromise on retaining enriched material is acceptable This is a more aggressive stance than past U.S. policies (e.g., Obama-era agreements focused on limits, not elimination). 2. Diplomacy to Pressure Strategy Diplomatic negotiations Active military pressure Mentions: “self-defense strikes” naval deployments near the Strait of Hormuz 3. Strait of Hormuz as a Global Pressure Point The strategic importance of the Strait of Hormuz: ~20% of global oil supply passes through it Disruptions affect oil prices, inflation, and global markets Current situation: Partially open Highly militarized Unstable 4. Negotiation Dynamics Multiple countries involved as mediators: Oman, Qatar, Pakistan Possible compromise ideas mentioned: Transfer uranium to third countries (Pakistan, Turkey, Russia, China) Dilution under supervision 5. Global Stakeholders China → dependent on oil flow Europe → sensitive to energy prices Gulf states → reliant on exports Israel → concerned about security Russia → may benefit from energy instability 6. Economic and Market Impact Disruptions to shipping have caused: Increased insurance costs Rerouted vessels Oil market volatility Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the The Ben Ferguson Show Podcast and Verdict with Ted Cruz Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening X: https://x.com/benfergusonshowYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

Donald Trump says the latest negotiations with Iran are "proceeding nicely," but the details of any nuclear deal remain elusive, as U.S. forces strike new Iranian targets near the Strait of Hormuz. How should proposed terms be evaluated, particularly in comparison to President Obama's agreement, known as the JCPOA? Learn more about your ad choices. Visit megaphone.fm/adchoices

Trump Says Iran's Enriched Uranium Will Be Turned Over To US Or Destroyed Under IAEA Oversight

In Rogue Allies, Bruce Bechtol explores the nuclear and cyber dimensions of the alliance. North Korea provided Iranwith highly enriched uranium warhead designs and constructed their underground nuclear facilities. The transfer includes advanced missile boosters, like those for the Hwasong-15. Bechtol also identifies North Korea as a leading global cyber thief, using malware and cryptocurrency laundering to evade international sanctions. This cooperation forms an "axis of resistance" alongside Russia and China, where North Korea acts as a critical technological and hardware provider. (2/4)DECEMBER 1956