Podcasts about Uranium

Amir Adnani, CEO of Uranium Energy Corp. (UEC), explains why this is the most exciting uranium market he's ever seen… why uranium is critical to the AI growth trend… and why uranium prices could surge nearly 100%. In this episode: This is the most exciting uranium market Amir has ever seen [2:35] Uranium used to be a partisan issue—not anymore [5:12] Microsoft's Three Mile Island deal is an inflection point for AI [11:40] MSFT also joined the World Nuclear Association: Why it's a big deal [16:50] The U.S. uranium market is coming back with a vengeance [21:52] President Trump's energy agenda = a major tailwind for UEC [31:46] Why uranium prices could surge nearly 100% [36:53] Did you like this episode? Get more Wall Street Unplugged FREE each week in your inbox. Sign up here: https://curzio.me/syn_wsu Find Wall Street Unplugged podcast… --Curzio Research App: https://curzio.me/syn_app --iTunes: https://curzio.me/syn_wsu_i --Stitcher: https://curzio.me/syn_wsu_s --Website: https://curzio.me/syn_wsu_cat Follow Frank… X: https://curzio.me/syn_twt Facebook: https://curzio.me/syn_fb LinkedIn: https://curzio.me/syn_li

Recording date: 2nd October 2025Welcome back to Compass, Olive Resource Capital's weekly markets and portfolio insights show, hosted by Derek MacPherson (Executive Chairman) and Sam Pelaez (President, CEO & CIO). Each week, we cut through the noise in mining and metals, highlighting the most important macro developments and drilling down into the companies shaping our portfolio.In this episode, we unpack a week of pivotal news for both major gold producers and junior explorers. At the very top of the market, Newmont and Barrick—two of the world's largest gold companies—announced leadership changes on the same day. Newmont's move was a planned succession from COO to CEO, signaling stability and continuity as the company enters a new phase of growth. Barrick, however, surprised the market with an interim appointment following the sudden departure of Mark Bristow. This contrast highlights the broader cycle shift from defensive, balance-sheet-focused leadership to growth-oriented CEOs ready to capitalise on a bull gold market.The coincidence of both announcements has reignited speculation about deeper industrial alignment. With Nevada Gold Mines and Pueblo Viejo already jointly operated, strategic synergies are clear. A combined or further integrated entity could also benefit from passive investment flows, with Newmont's S&P 500 inclusion forcing index-tracking funds to increase their exposure. While no deal has been announced, the industrial and financial rationale for closer alignment between Newmont and Barrick is stronger than ever.Beyond the majors, the week delivered extraordinary news from Olive's portfolio companies. Sterling Metals announced a discovery hole at its Soo Copper project in Ontario - 262 metres at 1% copper equivalent—re-rating the stock by more than 200% in a single day. Years of geological groundwork positioned the company for this success, underscoring the importance of disciplined preparation.Prospector Metals delivered another standout intercept: 44 metres at 13 g/t gold with 1.8% copper at its Mike Lake project. Shares surged nearly 280% and have held those gains. As part of the Discovery Group, Prospector demonstrated how systematic geological work and strong stewardship can unlock transformative discoveries.By contrast, Midnight Sun Mining illustrates the risk of overextended valuations. The company reported nearly 40 metres at .5% copper from its Dumbwa target in Zambia, yet shares fell around 20% as the market had already priced in perfection. The case highlights why entry point and expectations matter as much as geological success.The financing environment also shows renewed strength, with over C$100 million raised across juniors in the past week. With seasonal drill programs now underway, investors should expect a steady cadence of results through year-end. Majors may also lean further into M&A, project acceleration, and capital returns as gold prices remain near record highs.

Interview with CEO Darren BowdenOur previous interview: https://www.cruxinvestor.com/posts/metals-exploration-lsemtl-self-funded-nicaragua-gold-mine-targets-140k-oz-start-in-q4-2026-7323Recording date: 30th September 2025Metals Exploration presents a rare combination of near-term production growth and genuine exploration upside that makes it stand out in today's gold sector. With the Nicaragua project tracking ahead of schedule toward November 2026 first gold and the Philippines operation generating $110-120 million in annual cash flow, the company is executing a self-funded growth strategy that eliminates dilution risk while maintaining aggressive exploration programs.The Nicaragua build represents a transformational step-change for the company. All major equipment has been purchased, earthworks are complete, and the $160 million budget remains intact. More importantly, Nicaragua will produce 50% more ounces than the Philippines operation at roughly the same cost structure, bringing all-in sustaining costs down to $900-1000 per ounce. In an environment where many producers cite $1,400 as the new normal, this sub-$1,000 cost structure translates to 60%+ operating margins at current gold prices a genuine competitive advantage.What separates Metals Exploration from typical development stories is management's proven track record. Over six years, the Philippines operation has maintained just 2% annual cost growth versus industry averages of 10-15%. This isn't theoretical cost control it's demonstrated operational excellence that provides confidence in Nicaragua's projected economics.Beyond production growth, the exploration portfolio offers asymmetric upside. Dupax drilling begins immediately, targeting VMS mineralization that could feed existing permitted infrastructure. But the real company-maker potential lies at Abra, where copper-molybdenum and copper-gold porphyry targets sit in the Cordillera belt home to the Philippines' largest copper-gold deposits including the 40-million-ounce Far Southeast system. CEO Darren Bowden characterizes Nicaragua and Dupax as "forerunners to give us the cash" to develop Abra, the company's "white whale."For investors seeking operational excellence combined with tier-one discovery potential, Metals Exploration offers a compelling risk-reward profile. The strategy is elegant: proven cash flow funds patient exploration capital toward potentially transformational discoveries, all without equity dilution. That's increasingly rare in today's gold sector.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

The ASX 200 slid a mere 3 points to 8846 as the US government shutdown weighed on sentiment. BHP under pressure from the off on news of a halt to iron ore sales in China, falling 2.5% with RIO up 0.5% and FMG doing well, up 1.4%. Lithium stocks under pressure on CATL news of a reopening, MIN fell 3.8%, LTR off 10.7% and PLS falling 6.4%. Copper stocks mixed, SFR up 1.6% and gold miners mostly firm, new record highs for bullion. NST up 0.8%, GMD up 0.7% and WGX rising 10.7% on its 3-year plan. Uranium eased and oil and gas mixed, STO up 0.5%. Banks eased back slightly, CBA up 0.1% with the Big Bank Basket down to $283.09 (-0.1%). Financials found some friends, SOL up 5.4% and MPL rising 0.6%. Healthcare better, CSL up 0.3% and RMD rising 0.8%. Industrials mixed, BXB up 1.3% with TLS rebounding 0.6%. Retail stocks eased a little, tech mixed, WTC up 0.6% and XRO up 0.6%. In corporate news, BVS soared 18.2% on guidance improving. APE in a trading halt pending a capital raise and a Canadian acquisition. ASB jumped 5.8% on a US Naval agreement.On the economic front, nothing locally. Asian markets muted as China National Day takes precedence. Japan down 1%.10-year yields drifted higher to 4.35%. US Futures down 0.5% on shutdown.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

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Investing in Bizarro World Episodes: https://youtube.com/playlist?list=PLIAfIjKxr02sAztzlJNy1ug5bDvTVZkME&si=w2d_EF-B5jMo1dYD Subscribe to Investing In Bizarro World: @bizarroworld Editor's Note: We have been pounding the table on our performance in Private Placement Intel. The copper placement we did in July with Rick Rule and Jeff Phillips is already up 200% (with warrants to buy more). The uranium development deal we did last month is up 345% (with warrants to buy more). This week, we'll help finance a brand new gold development and exploration company that has a head-start thanks to an existing high-grade gold resource at its flagship property in the Yukon. We are participating in the IPO round this week. Learn more about Private Placement Intel here: https://bit.ly/4876ZAVThe free version of the 335th episode of Investing in Bizarro World is now published.Here's what was covered:Macro Musings - Gold and silver keep breaking higher. Silver blew through $45 and is setting up for a run to $48 and new all-time highs. Gold pushed past $3,750 and looks ready to challenge $3,800 on the way to $4,000–$5,000. Both metals have tailwinds from Fed rate cuts, strong economic growth, and continued central bank buying. Meanwhile, the dollar is firming and bond yields are ticking higher. That points to rising risks—including black swan military chatter out of Washington—but gold and silver don't seem to care.Market Takes - Copper grabbed headlines after a tragic accident at Freeport's Grasberg mine cut production. That mine represents about 3% of global output, and the disruption could tip this year's market into deficit. Copper prices jumped, and Ivanhoe Mines has already rallied 25% since July as investors repositioned into names with growth ahead. Craig Perry of Vizsla Copper has even argued that $30–$35 copper is possible down the line. Nick and Gerardo don't need that to make money — $7–$8 copper in the next year is more than enough. Lithium Americas soared 125% this week after the Trump administration said it may take a 10% stake in the company's Nevada project. That followed a $2.3 billion government loan under Biden and highlights a trend of resource nationalism across lithium, antimony, rare earths, and more. Uranium also broke out, hitting $82 per pound. The URA ETF is up 50% in just six weeks. Major producers like Cameco and Kazatomprom have guided down, while U.S. policy is moving to expand the strategic uranium reserve. Small explorers are doubling with little news as utilities prepare to contract supply.Bizarro Banter - Politics again proved bizarre. Trump's subsidies to farmers were called what they are—welfare—despite the loud denials of those who voted for him. His second term is shaping up much like his first: weaker dollar, more debt, more war, and broken promises. Meanwhile, the Epstein scandal continues without closure for victims, even as culture-war distractions dominate headlines. Gerardo and Nick reminded listeners to keep pressure on real issues of accountability.Premium Portfolio Picks - For paid listeners only. Subscribe here: https://bit.ly/4mEL1c00:00 Introduction1:25 Macro Musings: Gold and Silver Surge. Dollar Strength. Black Swan Risks.9:18 Market Takes: Copper Supply Shock. Lithium Nationalism. Uranium Breakout.25:23 Bizarro Banter: Farm Welfare. Trump Promises. Epstein Cover-Ups.39:49 Premium Portfolio Picks: High-Leverage Gold Explorer. Undervalued Silver Junior. (You need to subscribe to Bizarro World Live to get this section) Subscribe here: https://bit.ly/4mEL1c0PLEASE NOTE: There are now two versions of this podcast.1. Bizarro World Live — Pay $2 per episode to watch us record the podcast live every Thursday and get Premium Portfolio Picks every week. Plus an archive of all premium episodes. Subscribe here: https://bit.ly/4mEL1c02. Bizarro World Free — Published the Monday after the live recording with no Premium Portfolio Picks.Visit our website Daily Profit Cycle for more content like this and more! https://dailyprofitcycle.com/

Investing in Bizarro World Episodes: https://youtube.com/playlist?list=PLIAfIjKxr02sAztzlJNy1ug5bDvTVZkME&si=w2d_EF-B5jMo1dYD Subscribe to Investing In Bizarro World: @bizarroworld Editor's Note: In June, we did a gold private placement that's already up 95%. In July, we did a copper placement that's already up 393%. In August, we did a uranium deal that's already up 260%. We have warrants in all three deals that are already in-the-money. A new Private Placement Intel deal is open for September. It's high-grade gold and lithium in the US, being drilled right now. Secure your discounted spot before the deal closes on September 10th. Click here: https://bit.ly/4pscssq Or call Jimmy Mengel in Customer Experience at 844-334-4700. —NickMark your calendar: The New Orleans 2025 Investment Conference is almost here.Click here for details: https://neworleansconference.com/hodge/The free version of the 333rd episode of Investing in Bizarro World is now published.Here's what was covered:Macro Musings - Flying solo this week, Nick dove into the bond market, the dollar, and gold. The 10-year yield trends down as the Fed readies a likely September cut, while the 30-year pushes higher — signaling growth ahead despite short-term easing. A weak dollar and lower short yields are tailwinds for gold, which hit fresh record highs near $3,600/oz. Stocks remain near all-time highs, but September seasonality could bring turbulence. Political interference at the Fed looms as Trump threatens Powell's job and hints at dovish replacements.Market Takes - Nick stepped back to trace his career from clean energy beginnings in 2007 through the financial crisis and into resources. The throughline: real things matter. Key themes now:Uranium — Essential for AI-driven electricity demand, nuclear is resurging globally. U.S. needs ~50M lbs annually but produces only ~1M. Trump is fast-tracking projects like Dewey Burdock, where Nick first financed Azarga in 2017 before its Encore buyout.Copper — Added to the U.S. critical minerals list, with a Section 232 investigation underway. Supply deficits and Trump's tariff missteps highlight America's dependence on imports. Projects like Resolution in Arizona show how permitting delays hamper supply.Rare Earths — Déjà vu from 2010–11. China's threats and U.S. inaction left dependence intact. Now MP Materials and recyclers are surging, with government support and Apple partnerships underscoring urgency.Together, these metals — uranium, copper, and rare earths — remain the backbone of energy, defense, and technology.Bizarro Banter - Politics turned local this week. Nick detailed Spokane's deepening homeless crisis and the political dysfunction surrounding Proposition 1, which 75% of voters supported to ban street camping. Instead of honoring the vote, the mayor and city council watered it down and allegedly used late-night threats to sway votes. An ethics investigation is underway, but the press is silent. For Nick, it's a microcosm of U.S. politics: leaders defying the will of the people, prioritizing agendas over democracy. The lesson: remain independent, own assets, and recognize that all politics is local.Premium Portfolio Picks - For paid listeners only. Subscribe here: https://bit.ly/4ndN5s80:00 Introduction3:04 Macro Musings: Bond Yields Diverge. Weak Dollars. Fed's Independence.7:33 Market Takes: Real Things Matter. Critical Minerals. Private Placements. 31:02 Bizarro Banter: Politics Are Local. Will of People. Spokane Homeless 38:14 Premium Portfolio Picks: Protein Play. Gold-Copper Driller. Prospect Generator. (You need to subscribe to Bizarro World Live to get this section) Subscribe here: https://bit.ly/4ndN5s8PLEASE NOTE: There are now two versions of this podcast. 1. Bizarro World Live — Pay $2 per episode to watch us record the podcast live every Thursday and get Premium Portfolio Picks every week. Plus an archive of all premium episodes. Subscribe here: https://bit.ly/4ndN5s82. Bizarro World Free — Published the Monday after the live recording with no Premium Portfolio Picks.Visit our website Daily Profit Cycle for more content like this and more! https://dailyprofitcycle.com/

Interview with Rebecca Hunter, CEO of Geiger EnergyRecording date: 26th September 2025Geiger Energy represents a significant consolidation in Canada's uranium exploration sector, formed through the merger of Baslode Energy and Forum Energy Metals in 2025. The combined entity positions itself across two premier uranium districts: Nunavut's Thelon Basin and Saskatchewan's Athabasca Basin analog, creating a year-round exploration platform under experienced leadership.Rebecca Hunter, the company's President and CEO, brings 11 years of Cameco Corporation experience to the role, including direct involvement with the Thelon project during the pre-Fukushima uranium cycle. Her institutional knowledge proves critical as Geiger advances its flagship Aberdeen project, which encompasses 50+ targets adjacent to Orano's 133 million pound uranium deposit.The recent Loki discovery marks a watershed moment for Thelon Basin exploration. "What's exciting about the Loki deposit is that it has sandstone. This year we drilled it and found even more elevated uranium in the sandstone and mineralization at the unconformity," Hunter explains. This represents the first evidence of unconformity-style mineralization in a region historically dominated by basement-hosted deposits, potentially validating the basin's capacity to host world-class uranium systems similar to Saskatchewan's MacArthur River and Cigar Lake mines.Geiger's dual-basin strategy leverages complementary seasonal operating windows. Aberdeen operations run during Nunavut's four-month summer season, while the Hook-ACKIO project in Saskatchewan enables winter drilling programs. This approach maximizes capital efficiency and maintains continuous news flow for investors.The company emerges with robust financial backing, maintaining approximately $6 million in working capital following Baslode's $10 million contribution and an additional $6 million raise. This positions Geiger to execute sustained exploration programs across both flagship assets while maintaining operational flexibility in volatile uranium markets.Hunter emphasizes the strategic focus: "You want to pick one or two really good projects that have that capability. For us, the Aberdeen project is that. We've got a whole district basically to ourselves with really good ground where we think that we could find one of these high-tonnage, high-grade discoveries."View Geiger Energy's company profile: https://www.cruxinvestor.com/companies/geiger-energySign up for Crux Investor: https://cruxinvestor.com

Interview with George Bennett, CEO of Rainbow Rare EarthsRecording date: 26th September 2025Rainbow Rare Earths (LSE:RBW) is pioneering a revolutionary approach to rare earth element extraction that addresses both economic efficiency and Western supply chain independence. Led by CEO George Bennett, a seasoned executive with 16 years of investment banking experience and a proven track record of scaling mining operations, the company extracts valuable rare earth materials from phosphogypsum waste rather than traditional hard rock mining.The company's proprietary technology eliminates conventional mining costs including drilling, blasting, and crushing operations, resulting in projected EBITDA margins exceeding 75% and internal rates of return between 45-50%. "We've got no mining costs, we are extracting the RE out of phosphogypsum which is a waste residue," Bennett explains, highlighting the fundamental cost advantage over traditional rare earth projects.Rainbow operates two strategic assets: the flagship Phalaborwa project in South Africa, where the company holds 85% ownership with 35 million tons of high-grade material, and the Uberaba project in Brazil through a 50/50 joint venture with Mosaic, a $15 billion fertilizer company. Both projects leverage existing brownfield infrastructure and provide environmental benefits through waste remediation.The company has secured significant validation through a $50 million equity commitment from the US Development Finance Corporation, positioning the US government as a future project shareholder. This strategic backing, combined with recent floor pricing of $110/kg for neodymium and praseodymium established by MP Materials' Department of Defense contract, provides crucial market stability for Rainbow's revenue streams.With total capital requirements of $300 million and production targeted for 2027-2028, Rainbow is positioned to capitalize on surging demand from electric vehicles, defense applications, and the emerging robotics sector. The company addresses critical Western supply chain vulnerabilities while China controls 95% of global rare earth processing capacity, making Rainbow a compelling investment in the transition toward strategic mineral independence.View Rainbow Rare Earths' company profile: https://www.cruxinvestor.com/companies/rainbow-rare-earthsSign up for Crux Investor: https://cruxinvestor.com

Interview with Gerald Panneton, Executive Chairman of Gold Terra Resource Corp.Our previous interview: https://www.cruxinvestor.com/posts/gold-terra-resource-tsxvygt-leveraging-rising-gold-prices-with-high-grade-yellowknife-project-6315Recording date: 25th September 2025Gold Terra Resources Corporation (TSXV:YGT) is advancing its Yellowknife gold project in Canada's Northwest Territories, capitalizing on dramatically improved economics driven by gold's rise to $3,750 per ounce. Executive Chairman Gerald Panneton sees significant opportunity to revitalize the historically productive mining district, which was shuttered in 2003 when gold traded at just $340 per ounce.The company has outlined 1.8 million ounces of combined indicated and inferred resources, with a strategic focus on 540,000 near-surface ounces in the Yellorex zone that can be accessed via ramp development within 3-4 years. This approach prioritizes cash flow generation over the more capital-intensive deep underground mining that characterized the original operation.Gold Terra's competitive advantage centers on the Con Mine, a cornerstone asset featuring existing mining lease and surface rights that could reduce permitting timelines from the typical 10-15 years for greenfield projects to approximately one year. "The biggest advantage Gold Terra has with the Con mine as a cornerstone property is that [they have] the mining lease and the surface rights," Panneton explained.Third-party validation came through OR Royalties' $2 million investment to increase their NSR royalty from 1% to 2%, with an option for additional investment to reach 3%. The endorsement followed an in-depth technical review, providing external confirmation of the project's potential.Current gold prices have transformed project economics, enabling potential cutoff grade reductions that could expand the Yellorex zone from 540,000 to 700,000 ounces. Management targets completing a resource update and preliminary economic assessment within 6-12 months, aiming to finalize the Newmont acquisition by 2026.With $3 million in treasury and improved market conditions, Gold Terra enters a critical development phase positioned to leverage both existing infrastructure advantages and gold's structural bull market through disciplined, phased development focused on near-term production potential.View Gold Terra's company profile: https://www.cruxinvestor.com/companies/gold-terra-resource-corpSign up for Crux Investor: https://cruxinvestor.com

Ben Elvidge, Product Lead of xU3O8, believes that structural tightness in the uranium market, driven by years of underinvestment and exacerbated by a bifurcating geopolitical landscape, is meeting an ever-growing demand side being ignited by a growing nuclear renaissance unlike anything the world has seen and creating a perfect storm for prices to rise much higher. Ben also dives into xU3O8, a digital platform that facilitates retail purchasing and trading of physical uranium, along with their latest innovation: the world's first live uranium spot price oracle.Buy Uranium With xU3O8: https://uranium.ioLive Price Oracle: https://price.uranium.ioFollow xU3O8 on X: https://x.com/uranium_ioDisclaimer: Commodity Culture was compensated by xU3O8 for producing this interview. Nothing contained in this video is to be construed as investment advice, do your own due diligence.Follow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture

The Real Big Move in Uranium Hasn't Even Started Yet Company's Mentioned CHRISTIE GROUP #CTG ITIM GROUP #ITIM SPECTRA SYSƒTEMS #SPSY WATER INTELLIGENCE #WATR EVERY MICRO & SMALL CAP COMPANY YOU HEAR ON THIS PODCAST IS PROFITABLE UNLESS I STATE OTHERWISE (IN WHICH CASE THEY ARE FORECAST TO BECOME PROFITABLE IN THE NEXT 12 MONTHS) ***** About The SharePickers Investment Club ***** The SharePickers Investment Club employs a unique, systematic method to uncover small, profitable companies on the London Stock Exchange.  Each potential investment undergoes comprehensive analysis and is evaluated against 15 crucial financial metrics.  This fact-based, quantitative approach allows us to pinpoint high-potential growth businesses and deliver consistent results, bypassing the hype and focusing on the numbers.  *****MY BOOK ***** How to Become a MicroCap Millionaire - A 3 Step Strategy for Stock Market Success  Is now on sale here: https://www.sharepickers.com/how-to-become-a-microcap-millionaire-3-step-strategy/ !!!IF YOU BUY THE BOOK YOU CAN GET 25% OFF MEMBERSHIP TO THE SHAREPICKERS INVESTMENT CLUB!!! HOW? If you buy a copy of the book, then like it enough to leave a 5 star rating & write a positive review, you can get yearly membership to the SharePickers Investment Club for just  £149!!! THIS IS £2.88 WEEK - LESS THAN: HALF A PINT OF BEER A BATTERED JUMBO SAUSAGE FROM THE CHIPPY HALF THE AMOUNT A PERSON SPENDS ON CHOCOLATE LESS THAN A LATTE FROM STARBUCKS ONE FEEDS YOUR MIND THE OTHERS FEEDS YOUR BELLY. —---------------------------------------------------------------------- In this podcast I cover the Microcap News to see if they're good enough to be added to the MicroCap League. The UK's first MicroCap League where 100's of small businesses are analysed and scored in relation to their growth, value, health, efficiency, momentum & potential. The companies that score the highest are added to the MicroCap League and possess the best risk / reward profile. —---------------------------------------------------------------------- If you regularly listen to this podcast and value its content, it's a free resource, so please consider paying back in kind by giving it a 5 star rating and review. That way more people will find it. Thank you!

Interview with Jean Lafleur, Technical Adviser, Lafleur MineralsOur previous interview: https://www.cruxinvestor.com/posts/lafleur-minerals-cse-lflr-positioning-for-near-term-gold-production-7636Recording date: 24th September 2025Lafleur Minerals is emerging as a unique player in Quebec's gold sector by combining operational infrastructure with a growing mineral base in the prolific Val-d'Or camp. At the heart of its strategy is the fully permitted Beacon Mill, a 500-750 ton per day processing facility located near Val-d'Or. Unlike competitors who must wait years for permitting and construction, Lafleur can restart operations for just $5-6 million, with expected gold recovery rates exceeding 97%. This operational advantage not only provides immediate revenue opportunities through toll milling but also underpins the company's acquisition strategy of targeting smaller deposits within a 100-kilometer radius—resources that larger producers typically overlook.The company's flagship Swanson gold project is undergoing an ambitious expansion under the guidance of Technical Adviser Jean Lafleur. Recent drilling has expanded the property's size five to six times, confirming mineralization across a strike length of more than two kilometers. Geological analysis highlights an orogenic gold system with both classic quartz vein mineralization and sulfide-rich zones, offering near-surface, open-pit potential. The company is targeting a 500,000 to 1 million ounce resource, positioning Swanson as a key growth driver alongside the mill.High gold prices exceeding $3,600 per ounce create especially favorable conditions for Lafleur's model. With infrastructure already in place, near-surface deposits, and a scalable milling capacity, the company can generate cash flow faster and at lower cost than traditional exploration-driven peers. By leveraging its mill, Lafleur can build a pipeline of deposits—historical mines, new discoveries, or neighboring properties—to secure long-term feed and multi-year production horizons.Backed by Jean Lafleur's decades of geological experience and the established logistics of Val-d'Or, Lafleur Minerals is positioned not only as an exploration company but as a vertically integrated developer with immediate revenue potential and a clear growth trajectory in Canada's most prolific gold camp.Learn more: https://www.cruxinvestor.com/companies/lafleur-mineralsSign up for Crux Investor: https://cruxinvestor.com

Interview with Dustin Perry, CEO of Kingfisher Metals Our previous interview: https://www.cruxinvestor.com/posts/gold-navigating-the-investment-opportunities-and-understanding-the-risks-5527Recording date: 24th September 2025Kingfisher Metals has positioned itself as a dominant force in British Columbia's Golden Triangle, assembling the largest contiguous land package among junior explorers at 850 square kilometers. Under CEO Dustin Perry's leadership, the company operates in Canada's most prolific copper-gold region, home to the highest-grade gold mine at Brucejack and the world's largest undeveloped gold deposit at KSM.Recent exploration success validates the company's systematic approach. The 2025 program delivered 234 meters grading 1% copper equivalent and identified a new porphyry system at Hank target. Perry describes this discovery as having "all the early stage indications that we're on to a very large deposit." The breakthrough resulted from methodical target generation by a team with proven experience at KSM, Red Chris, and the successful GT Gold project.Strategic advantages differentiate Kingfisher from regional competitors. Properties sit just 12 kilometers from highway infrastructure with favorable topography, lower elevation, and reduced environmental complications. Perry notes the location benefits: "You don't need to find something that good to make it very economical where we are given the location." The company avoids salmon river conflicts that plague other regional projects while maintaining proximity to power infrastructure.Financial backing strengthens the exploration runway through a $11 million financing completed in May 2025. Ashwath Mehra, founding partner of Glencore and former GT Gold executive chairman, leads the advisory board while institutional investors provide patient capital for multi-year programs.The investment thesis centers on statistical probability across extensive prospective terrain surrounded by major operators Teck, Anglo American, and Newmont. Recent $750 million commitments to adjacent Galore Creek and Schaft Creek projects, located further from infrastructure, create acquisition potential for infrastructure-advantaged discoveries. Perry's long-term vision follows the GT Gold model, targeting systematic exploration leading to discovery and ultimate major company acquisition within three years.Learn more: https://www.cruxinvestor.com/companies/kingfisher-metalsSign up for Crux Investor: https://cruxinvestor.com

Sep 26, 2025 – Curious about the future of uranium and nuclear energy markets? Uranium and nuclear analyst Mart Wolbert discusses the recent move by the US to establish a strategic uranium reserve to shift away from Russian dependency...

Interview with Maura Kolb,  President of Dryden Gold Our previous interview: https://www.cruxinvestor.com/posts/dryden-gold-tsxvdry-58m-drill-campaign-funded-by-strategic-investment-6644Recording date: 23rd September 2025Dryden Gold Corporation has emerged as a compelling exploration opportunity in northwestern Ontario's proven mining district, combining institutional validation with operational excellence to develop what appears to be a significant district-scale gold system. The company's methodical approach has attracted strategic investment from Centerra Gold, which maintains a 9.9% ownership position and provides crucial third-party validation of the exploration thesis.Under President Maura Kolb's leadership, Dryden Gold has achieved remarkable operational efficiency with industry-leading drilling costs at $200 CAD all-in, significantly below peer averages. This cost advantage stems from strategic partnerships with Winnipeg-based contractors and local expertise development, supporting the company's growth to 10 employees with dedicated core facilities across their 70,000-hectare land package.The flagship Gold Rock target exemplifies the company's systematic geological approach, evolving from three initial structures to dozens of high-grade intersection targets within a concentrated 1km x 1km footprint. This evolution has fundamentally changed mining scenarios from underground-only to potential open-pit development through the identification of stacked structures and multiple deformation events.Regional exploration has revealed an 8km strike length pattern comparable to Red Lake's 28 million ounce endowment, with newly identified targets at Mud Lake showing similar mineralization to Gold Rock. Recent drilling at these regional targets suggests the emergence of a true district-scale opportunity rather than isolated deposits.Financially, Dryden Gold maintains strong liquidity with a recent $7.8 million raise funding 20-25,000 meters of additional drilling, while $11.5 million in warrants at $0.30 now in-the-money provide potential non-dilutive financing. Approximately two-thirds of results from recent drilling campaigns remain unreported, creating multiple near-term catalysts.The company explicitly targets eventual merger and acquisition activity, with Kolb stating: "The endgame is M&A. So we're shopping for our future buyout really with these major companies." This strategic positioning, combined with institutional backing and expanding resource potential, creates compelling risk-adjusted exposure to both organic growth and consolidation opportunities in the strengthening gold sector.Learn more: https://www.cruxinvestor.com/companies/dryden-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Ben Pullinger, President & CEO of ATEX Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/atex-resources-tsxvatx-resource-update-coming-after-exceptional-phase-five-drill-results-6808Recording date: 25th September 2025ATEX Resources (TSXV: ATX) has positioned itself as a leading copper development story following the successful completion of its resource update and a strategic $21 million land acquisition. The company's Valeriano project in Chile has achieved management's guidance target of 2 billion tons at 0.78% copper equivalent grade, with 24% of the resource now classified in the higher-confidence indicated category.The resource achievement represents significant progress from the company's initial geological understanding. Through systematic drilling that expanded from 22,000 meters in 2023 to 51,000 meters currently, ATEX has evolved its geological model from a conceptual three-finger framework to a comprehensive understanding of a continuous granodioritic porphyry core representing nearly one billion tons, complemented by substantial wall rock mineralization.Central to ATEX's development strategy is the B2B zone, which delivered 30 million tons at 1.36% copper equivalent grade within just one year of drilling. This higher-grade zone forms the foundation for a potential starter operation that could provide early cash flow and achieve payback periods of 2-3 years, addressing the capital intensity challenges typical of large-scale copper projects.The company's $21 million acquisition of 14,500 hectares of surface rights eliminates critical development risks by providing complete control over surface access and water rights. This strategic investment removes permitting uncertainties and reduces operational costs, particularly for water procurement and trucking expenses.ATEX has distinguished itself through exceptional exploration efficiency, achieving a discovery cost of half a penny per pound of copper in the ground—efficiency levels not observed since the early 1990s. This performance reflects both the deployment of advanced directional drilling techniques and the inherently well-behaved geological characteristics of the Valeriano deposit.With over $20 million in cash and $52 million in callable warrants, ATEX maintains a strong financial position to execute its Phase 6 drilling program while benefiting from favorable copper market dynamics driven by global supply constraints and increasing electrification demand.View ATEX Resources' company profile: https://www.cruxinvestor.com/companies/atex-resources-incSign up for Crux Investor: https://cruxinvestor.com

In the first half of the show, Trevor and Justin dive into the latest developments in the uranium market. Fresh off a trip to the World Nuclear Association's 50th-anniversary conference in London, Justin shares his key takeaways from the event, which saw record attendance and overwhelmingly positive sentiment from producers, utilities, and banks alike. Both discuss how the market focus has shifted decisively back to uranium after years of concentrating on conversion and enrichment services. They break down the recent surge in the uranium spot price.For the second segment, Trevor and Justin are joined by a special guest, Pat O'Brien, Director of Government Affairs at Holtec. Pat gives an inside look at Holtec's groundbreaking project to restart the Palisades nuclear power plant in Michigan, which is poised to be the first US nuclear plant ever to be brought back online after a permanent shutdown. The restart project is on track to be completed "on time and under budget" thanks to a combination of private funding, $300 million in state grants, and a $1.52 billion loan from the Department of Energy.

Interview with Alan Carter, President & CEO of Cabral Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-meet-the-team-john-sestan-7696Recording date: 23rd September 2025Cabral Gold Corporation is positioning itself to capitalize on record gold prices with its Cuiú Cuiú gold project in northern Brazil, featuring 1.2 million ounces of inferred and indicated resources across an entire mining district. The company has completed a pre-feasibility study for a starter operation requiring less than $40 million in capital expenditure with an impressive 12-month construction timeline.The project's economics have become exceptionally attractive in the current gold market environment. With all-in sustaining costs projected at $1,200 per ounce and gold trading above $2,600, the operation generates approximately $2,500 profit per ounce pre-tax. This translates to a remarkable five-month payback period on the initial capital investment, making it one of the most attractive development opportunities in the gold sector.Cabral has structured its development around proven heap leaching technology using a rotating pad system that prioritizes operational flexibility over cost optimization. The company will operate four heaps on a 120-day cycle, allowing for process adjustments between cycles to ensure production consistency and reduce technical risks.Three drill rigs are actively exploring across the district, targeting a doubling of current resources within 12-18 months. Recent high-grade results include 11 meters at 33 grams per tonne and 39 meters at 5.1 grams per tonne, demonstrating the district's continued potential. The project encompasses four new discoveries plus approximately 50 additional targets that have shown encouraging gold values.The project benefits significantly from its location adjacent to Brazil's third-largest gold mine, Tocantinzinho, which produces 200,000 ounces annually. Historical data indicates the Cuiú Cuiú area produced ten times more placer gold than the Tocantinzinho area, suggesting superior geological endowment across the district.Construction financing discussions are at advanced stages, with management expecting news within weeks regarding debt financing arrangements that will fund the majority of the capital requirements.View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Petek Akerley, President & CEO of Erdene Resources DevelopmentOur previous interview: https://www.cruxinvestor.com/posts/erdene-resource-development-tsxerd-mongolia-gold-mine-98-complete-first-pour-september-2025-7357Recording date: 23rd September 2025Erdene Resource Development represents a compelling transition story within the gold mining sector, having successfully achieved first production while maintaining substantial growth optionality across a district-scale asset base in Mongolia. The company's September 2025 first gold pour from Bayan Khundii marks the culmination of systematic development efforts and positions the operation for sustained cash flow generation through favorable metallurgical characteristics and operational efficiency.The technical foundation supporting Erdene's investment proposition centers on exceptional deposit characteristics that translate directly to operational advantages. Bayan Khundii's 93-95% gold recovery rates using conventional processing technology, combined with low cyanide consumption and minimal sulfide content, position the operation favorably within industry cost curves. This operational efficiency becomes particularly valuable during periods of input cost inflation, providing margin protection and cash flow stability that supports both debt service and growth investment.The company's financial trajectory offers clear value creation milestones for investors. Current debt levels of $110 million are projected for retirement by mid-2026 through operational cash flows, eliminating the 13.8% financing costs and providing increased flexibility for expansion capital allocation. The 50-50 joint venture structure with Mongolian Mining Corporation provides operational stability and local expertise while maintaining strategic control through unanimous decision-making processes.Near-term growth catalysts focus on high-probability, infrastructure-leveraged expansion opportunities. The Bayan Khundii pit extension program targets an additional 150,000 ounces through westward and southward drilling, potentially increasing total reserves by 30% with minimal additional permitting requirements. The Dark Horse deposit, located 2.5 kilometers from existing operations, contains 50,000 ounces of high-grade surface mineralization amenable to alternative processing routes, including potential heap leach operations that could complement existing capacity.District-scale development potential extends the investment timeline beyond immediate expansion scenarios. The Altan Nar polymetallic project, containing 500,000 gold equivalent ounces across a 5-kilometer trend, represents a second development phase that could double production profiles to 200,000-250,000 ounces annually. The $7 million exploration budget allocated for 2026 targets systematic resource definition across this portfolio, focusing on near-surface opportunities that minimize development risks and capital requirements.Strategic diversification through the Zuun Mod molybdenum project provides exposure to industrial metals markets experiencing supply deficits, particularly within Chinese demand centers. This asset optionality offers portfolio balance and potential value realization through alternative development scenarios or strategic partnerships.The company's recent 6-for-1 share consolidation reflects management recognition of evolving institutional investor requirements as the company transitions from developer to producer status. This corporate action, combined with improving operational metrics and cash flow generation, positions Erdene for potential producer re-rating as institutional recognition expands.Erdene's positioning within current gold market dynamics appears particularly advantageous given the combination of immediate production cash flows and substantial expansion potential. The operational excellence demonstrated through successful startup, coupled with systematic approach to resource expansion across multiple deposits, suggests sustained value creation potential within Mongolia's established mining jurisdiction. The clear debt reduction timeline and aggressive exploration programs targeting near-surface extensions provide investors with both current income exposure and future growth optionality within a single investment vehicle.View Erdene Resource Development's company profile: https://www.cruxinvestor.com/companies/erdene-resource-developmentSign up for Crux Investor: https://cruxinvestor.com

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a longer-format discussion on and the macroeconomic themes and fundamental value drivers that that are presenting catalyst-driven opportunities in select gold, silver, lithium, and uranium stocks.   We start off reviewing how the Fed's first rate cut in 9 months, here during the month of September, and that sticky and rising inflation has been a key tailwind for reflationary trends in US equities, cryptos, and the commodities sectors. Nick points out, once again, that real assets are moving higher in response.  Despite the melt up we've seen in many metals resource stocks, Nick goes on to outline where there are still opportunities in companies that have solid work programs and news catalysts on the horizon in the precious metals stocks, and that there are still many positive macro policy factors providing tailwinds to critical minerals like copper, rare earths, and antimony, and energy metals like lithium and uranium.   Nick highlights a few gold and silver companies that have had news catalysts driving their charts higher like recent high-grade silver equivalent results returned in the initial drill results from Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF), and the compelling market cap gulf between the earlier stage Daura Gold Corp. (TSXV: DGC) exploring adjacent on the same mineralized trend to the more richly valued Highlander Silver Corp. (TSX:HSLV) in Peru.     Next, we revisited the point Nick has made in prior discussions that the lithium space presented a “buy the dip” moment a few months back, and that both the underlying metals price and the related equities have bounced and started a trajectory higher.  He also pointed to the doubling of the stock price this week in Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), on the back of media reports pertaining to the status of its previously announced $2.26 billion loan from the U.S. Department of Energy (“DOE”).   Shifting over to the nuclear power and uranium tailwinds from the government fiscal bills and executive orders passed the last few years have had provisions in them for accelerating the development of nuclear power infrastructure and uranium mining. Just this month we saw more comments from the US administration on creating a strategic uranium reserve and this has sent the prices of North American uranium stocks even higher, as they've been in a multi-month rally coming off the April sector lows. Nick highlights the prior trading opportunity he brought to listens attention a few months back in the Sprott Junior Uranium Miners ETF (URNJ) as one that has worked out nicely.   Nick also flagged uranium companies like Energy Fuels Inc. (TSX: EFR) (NYSE American: UUUU), enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), Uranium Energy Corp (NYSE American: UEC), North Shore Uranium Ltd. (TSXV:NSU), Denison Mines Corp (TSX: DML) (NYSE American: DNN), and Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) as different stages of uranium companies that are doing good work to advance their projects, which continue to have his attention.   Wrapping up Nick shares the technical innovation in the mining sector and value proposition he sees in  MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) a leading provider of digital supply chain solutions for the commodity markets.  He points out his it is valuable to banks, to traders, to exchanges, to metals producers, to exporters, to importers, to smelters to provide big data and assurances of supply chains.  This opens up a number of lucrative avenues for helping the resource sector, materials space, and manufacturing industries by leveraging this technology, and it is already attracting major partners.   Click here to follow Nick's analysis and publications over at Digest Publishing   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. Investing in equities and commodities 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.

We're joined by Garrett Ainsworth, President & CEO of District Metals (TSX-V: DMX - OTCQB: DMXCF - Nasdaq First North: DMXSE SDB), to discuss the latest results from airborne Mobile MT surveys at the Viken Property in Sweden, one of the largest uranium deposits in the world. Garrett explains how these surveys confirmed the known Viken deposit and identified nine new high-priority target areas - with three of them showing even stronger geophysical signatures than Viken itself. Key discussion points include: How Mobile MT surveys validate the Viken deposit through a one-to-one correlation with historic drilling. Nine new target zones discovered, with 6 emerging as the most prospective. Shallow, near-surface potential - many targets appear at ~100m depth or less. Scalability of the alum shale system, where limited drilling could quickly define significant tonnage. Exploration and news flow ahead, including further survey results from other Swedish projects. Garrett also shares perspective on Sweden's pending uranium moratorium lift, expected in late 2025, which would unlock the path to drilling and advancing these discoveries.   ---------------------- 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. Investing in equities and commodities 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.

Stijn Schmitz welcomes Jeff Phillips to the show. Jeff Phillips is Private Investor & President, Global Market Development. Phillips discusses his extensive experience in the natural resource market, having witnessed three bull markets over his 30-year career. He believes the current market may be entering a significant commodity super cycle driven by multiple factors, including currency devaluation, under-investment in resource exploration, and geopolitical shifts toward securing strategic mineral supplies. Phillips emphasizes two critical criteria when investing in junior mining companies: structure and people. He looks for companies where management owns a significant portion of shares and has a proven track record of success. The ideal investment, in his view, involves well-structured companies with experienced leadership who have previously built or sold successful ventures. His investment strategy focuses on commodities like gold, silver, copper, uranium, and rare earth elements. Phillips is particularly interested in jurisdictions like North America and parts of South America, avoiding regions with high political risk. He sees emerging trends of tech companies and governments increasingly investing in mineral supply chains, which he believes will drive the resource super cycle. Phillips cautions that the junior mining sector is extremely high-risk and not suitable for most investors. He recommends a disciplined approach, including maintaining a focused portfolio of 8-14 carefully selected positions and seeking advice from experienced professionals. His investment philosophy centers on finding companies with potential to develop tier-one assets and create meaningful value. The interview highlights Phillips' belief that successful speculation in the junior mining space requires understanding company structure, management quality, and geological potential. He advises investors to conduct thorough research, seek expert guidance, and remember the industry adage: "The best way to make a small fortune in the junior mining sector is to start with a large fortune."

Interview with Garrett Ainsworth, President & CEO, District Metals CorpOur previous interview: https://www.cruxinvestor.com/posts/district-metals-tsxvdmx-betting-on-swedens-uranium-future-5726Recording date: 23rd September 2025District Metals Corp has strategically positioned itself at the forefront of Sweden's anticipated uranium mining revival, controlling 100% of the Viken deposit—described as the world's largest undeveloped uranium resource. The company's timing appears exceptional, as Sweden's center-right government plans to lift the country's uranium mining moratorium in Q4 2025, with new legislation expected to take effect January 1, 2026.The company executed a capital-efficient acquisition strategy between 2020 and 2025, securing complete ownership of the Viken deposit for approximately 5 million shares and minimal cash outlay. This approach demonstrates remarkable foresight, as the acquisition occurred during a period when Sweden's uranium mining prohibition remained in place, allowing District Metals to secure the asset at attractive valuations.The Viken deposit offers compelling operational characteristics that differentiate it from complex high-grade uranium projects. Located within Sweden's alum shale sequence, the deposit spans 4 kilometers wide by 6 kilometers long in a shallow, flat-lying formation suitable for conventional open-pit mining. This geological simplicity contrasts sharply with sophisticated underground operations like those in Canada's Athabasca Basin, which require advanced extraction techniques and significant capital investment.Beyond uranium, the deposit contains valuable commodities including vanadium, potash, phosphate, nickel, copper, zinc, and potential rare earth elements. This polymetallic nature provides natural commodity price hedging and multiple revenue streams, reducing dependence on uranium pricing alone. The inclusion of vanadium—particularly valuable for energy storage applications—and rare earth elements aligns with Europe's strategic objectives of reducing critical mineral import dependence.District Metals completed an updated mineral resource estimate in April 2025, addressing deficiencies in previous studies and incorporating multiple commodities that were previously excluded. The company invested in comprehensive MobileMT geophysical surveys to optimize mine planning and expects to complete a preliminary economic assessment within 6-12 months, depending on selected mining locations and metallurgical testing results.The investment thesis extends beyond commodity fundamentals to encompass European energy security and critical mineral independence. As geopolitical tensions highlight supply chain vulnerabilities, Sweden's domestic uranium production capability represents strategic value for EU energy policy objectives. The timing coincides with Europe's commitment to nuclear energy as essential baseload power for achieving net-zero emissions while maintaining industrial competitiveness.District Metals represents a pure-play opportunity on Sweden's uranium mining liberalization, combining operational simplicity, polymetallic diversification, and alignment with European strategic priorities in a capital-efficient package positioned for near-term regulatory catalysts.Learn more: https://www.cruxinvestor.com/companies/district-metals-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Greg Martyr, Executive Chairman, Capital MetalsOur previous interview: https://www.cruxinvestor.com/posts/capital-metals-lsecmet-strategic-alliance-advances-worlds-highest-grade-mineral-sands-play-7308Recording date: 22nd September 2025Capital Metals stands poised to make a final investment decision by end-2025 on its Taprobane Minerals project in Sri Lanka, representing what executive chairman Greg Martyr calls "one of the highest grade undeveloped mineral sands projects in the world." The company's exceptional 17.2% grade deposit dramatically exceeds the global average of less than 5%, creating substantial competitive advantages in an otherwise challenging market environment.The project's economics are compelling, requiring only $25 million in initial capital to generate projected annual revenues of $35-40 million against operating costs below $20 million. This translates to a base case net present value of $180 million, creating significant upside potential for a company trading at a market capitalization below £20 million.Capital Metals has secured crucial local partnerships, including a $4 million investment from Ambeon Capital for a 20% stake. The partnership brings legendary cricketer-turned-investment banker Aravinda De Silva to the board, providing essential government relations access in navigating Sri Lanka's regulatory environment.The regulatory landscape has improved markedly following the election of a new anti-corruption government that secured 75% of the vote. "The big picture is that the country is focusing on a mineral source of revenue for foreign direct investment which is what they need," Martyr explains, highlighting the administration's pro-business mining stance.Two critical approvals remain pending: mining license expansion and export rights for heavy mineral concentrate. Management expresses confidence these will be secured by year-end, enabling construction to begin in Q1 2026. The straightforward surface mining operation involves no blasting or chemical processing, with immediate environmental remediation capabilities positioning the project favorably in an ESG-conscious investment climate.With established markets for its four primary commodities—ilmenite, rutile, zircon, and garnet—the project offers investors exposure to a high-margin, environmentally responsible mining operation backed by exceptional resource quality and supportive regulatory momentum.Learn more: https://www.cruxinvestor.com/companies/capital-metalsSign up for Crux Investor: https://cruxinvestor.com

Recording date: 23rd September 2025The Denver Gold Forum Americas marked a pivotal moment for the gold mining sector, with buy-side attendance surging over 30% as institutional investors demonstrate renewed interest in precious metals equities. This dramatic shift from the sparse attendance witnessed two years prior signals broader market recognition of the sector's improved fundamentals and investment potential.Major gold miners have fundamentally transformed their financial profiles, moving from debt-heavy structures to robust cash positions. AngloGold Ashanti exemplifies this transformation, transitioning from net debt to net cash even after completing major acquisitions like Centamin. This financial strength has created unprecedented flexibility for capital allocation strategies previously unavailable during weaker commodity environments.Share buyback programs have emerged as a key theme among major producers, creating consistent market liquidity and generating positive feedback effects through passive fund flows. Industry observers expect buyback announcements from larger mid-cap companies over the next twelve months, representing a new marginal buyer category that provides ongoing support for gold mining equities.The gold mining sector has undergone a philosophical transformation regarding growth strategies. Previously, companies emphasized organic growth while treating acquisitions as taboo investments that attracted negative analyst and investor sentiment. The current environment shows marked openness to inorganic growth opportunities, with management teams no longer viewing expansion as inherently problematic.B2Gold's explicit targeting of 2026 acquisitions represents the most candid expression of this strategic shift, while other companies express cautious optimism about appropriate opportunities. Even companies with substantial organic growth potential, including Agnico Eagle, indicate receptiveness to suitable acquisition targets when they emerge.Investment managers Derek Macpherson and Samuel Pelaez identified Bellevue Gold as their primary new portfolio addition, representing a classic single-asset turnaround story. The Western Australian underground producer operates one of the world's highest-grade gold deposits, containing approximately 3.5 million ounces at nearly 10 grams per tonne.The company experienced multiple operational challenges during 2024 production startup, including delayed mine development, balance sheet strain, and unusual flooding events. These difficulties triggered lender covenant violations and forced balance sheet restructuring, creating attractive entry valuations for patient investors.Current operational metrics indicate successful turnaround execution, with mine development catching up to planned schedules and access to higher-grade ore blocks improving production flexibility. Management projects 170,000 ounces of annual production, though operational capacity suggests potential for 200,000 ounces annually.The combination of strong gold prices, improved sector sentiment, and increased institutional participation creates favorable conditions for both operational turnarounds and sector re-rating opportunities. With Bellevue's market capitalization under $1 billion USD, the company trades at significant discounts to comparable Western Australian producers, suggesting fair value potential in the $2-3 billion range.This institutional interest surge, coupled with miners' enhanced financial flexibility and strategic openness, positions the gold sector for continued evolution as both a defensive precious metals play and growth-oriented investment opportunity.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Troy Boisjoli, CEO of Atha Energy Corp.Our previous interview: https://www.cruxinvestor.com/posts/atha-energy-tsxvsask-ex-cameco-team-makes-2nd-high-grade-discovery-7477Recording date: 22nd September 2025ATHA Energy represents a compelling investment opportunity in the uranium sector, driven by exceptional exploration success and unique district-scale positioning. The company's recent discovery at RIB North delivered 26.3 meters of composite uranium mineralization with high-grade intervals reaching 55,730 counts per second, marking the best exploration hole to date at the Angilak Project. This discovery extends mineralization across a 12-kilometer corridor in the Angikuni Basin, where ATHA maintains sole control of an entire uranium-rich sub-basin adjacent to the world-renowned Athabasca Basin.The investment thesis centers on ATHA's proven exploration methodology and experienced management team. CEO Troy Boisjoli brings direct experience from NexGen Energy's Arrow deposit development, while VP Exploration Cliff Revering previously served as chief geologist at Cameco's Cigar Lake operation. This leadership combination provides credible expertise for advancing discoveries through resource definition toward development. The company has achieved a 100% drilling success rate across four separate discoveries in a single exploration program, demonstrating systematic geological understanding and effective targeting.ATHA's strategic position offers multiple value creation pathways. The company can advance either the established LAC50 deposit, containing a historic resource, or prioritize the emerging RIB corridor discoveries showing Athabasca-style mineralization characteristics. This optionality provides flexibility for capital allocation decisions while reducing single-asset risk common among exploration companies.The uranium market environment supports discovery valuations, with structural supply deficits and growing nuclear energy demand driving sector fundamentals. Leading producers like Cameco continue testing all-time highs while quality exploration opportunities remain limited, creating scarcity value for credible discovery stories. ATHA's planned transition from exploration to resource development in 2026 positions the company to capitalize on favorable market timing while providing clear milestone catalysts for investor evaluation and value recognition in the evolving nuclear energy landscape.—Learn more: https://cruxinvestor.com/companies/atha-energy-corpSign up for Crux Investor: https://cruxinvestor.com

More than 1,100 people gathered in London for the 50th World Nuclear Symposium, taking part in a packed programme of discussions, panels and networking. In addition to the usual broad range of topics there were also two special full day programmes - one focused on end energy users and one on finance.The event also saw the publication of 2025's World Nuclear Fuel Report, which warned that gaps could be opening up in the supply-demand picture over the coming years and investment decisions need to be taken now to fuel the forecast increase in nuclear power capacity.The World Nuclear News team were there and have put together a series of reports on the symposium's proceedings, and the fuel report's findings.People featured, in order of appearance:Cecile Gregoire-David, Head of Uranium, Conversion and Enrichment Services, EDFMalcolm Critchley, CEO, ConverDynMeirzhan Yussupov, CEO, KazatompromMichael Huebel, Director General, Euratom Supply AgencySama Bilbao y León, Director General, World Nuclear AssociationTomass Ehler, Director General for Nuclear Energy, Ministry of Industry and Trade, Czech RepublicLauren Culver, Senior Energy Specialist, World BankLoyiso Tyabashe, CEO, South African Nuclear Energy CorporationMatt Firla-Cuchra, Global Lead Nuclear Energy, KPMGVictoria Kalb, Global Head ESG & Sustainability Research, UBSMark Muldowney, Energy, Resources and Infrastructure, BNP ParibasLee McDonough, Director General, Net Zero, Nuclear and International, UK Department for Energy Security and Net ZeroMichelle Catts, Senior Vice President Nuclear Programmes, GE Vernova Hitachi Nuclear EnergyPete Bryant, CEO, World Nuclear Transport InstituteBernard Fontana, Chairman and CEO, EDFVakis Ramany, Senior Vice President International Nuclear Development, EDFLeon Flexman, Corporate Affairs Director, X-energyMesut Uzman, Chief Nuclear Officer, Fermi AmericaRita Baranwal, Chief Nuclear Officer, RadiantRaquel Heredia Silva, World Nuclear AssociationKey links to find out more:World Nuclear NewsInvestment decisions needed to avoid fuel cycle supply gaps'Difficult to overstate demand from institutional investors' for nuclearWorld Nuclear Fuel ReportWorld Nuclear SymposiumEmail newsletter:Sign up to the World Nuclear News daily or weekly news round-upsContact info:alex.hunt@world-nuclear.orgEpisode credit:  Presenter Alex Hunt. Co-produced and mixed by Pixelkisser Production

Interview with Ian Cockerill, CEO of Endeavour Mining Our previous interview: https://www.cruxinvestor.com/posts/endeavour-mining-tsxedv-free-cash-flow-surges-to-411m-in-q1-7087Recording date: 17th September 2025Endeavour Mining, one of the world's top 10 gold producers, is demonstrating exceptional operational execution amid gold's surge beyond $3,600 per ounce. The West African-focused miner delivered 58% of annual production guidance in the first half of 2025 while maintaining industry-leading costs across its five-mine portfolio.The company's disciplined capital allocation strategy has positioned it as a leader in shareholder returns. Endeavour will distribute $379 per ounce produced through dividends and buybacks, including $150 million in cash dividends and $69 million in share repurchases by end of H2 2025. "We have class leading dividends both in terms of guaranteed dividends, supplemental cash dividends as well as buybacks," noted CEO Ian Cockerill.Despite generous shareholder distributions, management is strategically reinvesting windfall cash from elevated gold prices. The company plans material increases in exploration spending, leveraging historical discovery costs of just $25 per ounce versus current gold prices exceeding $3,600. "Our discovery cost historically has been $25 an ounce. $100 to find something that's worth $3,500. Think of the value add that brings to us," Cockerill emphasized.Endeavour has secured 30% organic production growth through 2030, targeting 1.5 million ounces annually from existing project pipelines. This growth foundation provides flexibility for additional opportunities without execution pressure. The company is evaluating geographic expansion beyond West Africa, focusing on similar geological terrains where its frontier market expertise applies.While current gold prices create approximately $1,500 per ounce windfall above guidance assumptions, management recognizes commodity price cyclicality. Their balanced approach of returning substantial cash to shareholders while investing in high-return exploration and operational improvements positions Endeavour to maintain industry-leading performance regardless of future price movements.Learn more: https://www.cruxinvestor.com/companies/endeavour-miningSign up for Crux Investor: https://cruxinvestor.com

Interview with David Wolfin, CEO, Avino Silver & Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/avino-silver-gold-tsxasm-silver-junior-plans-8-10m-oz-annual-output-by-2030-6788Recording date: 17th September 2025Avino Silver & Gold Mines Limited presents a compelling transformation story in the precious metals sector, positioning itself for intermediate producer status through strategic organic growth. Under CEO David Wolfin's leadership, the company is executing a clear five-year plan to expand from one to three producing assets, all owned outright and designed to drive substantial operational leverage.The foundation of this growth strategy rests on the flagship Avino Mine, which generates 2.5 to 2.8 million ounces of silver equivalent annually. This cornerstone operation provides the cash flow foundation supporting expansion while maintaining competitive cost metrics. The company's Q2 2025 financial results demonstrate strong execution with $21.8 million in revenue, $10 million in operating income, and $4.4 million in free cash flow, achieved at all-in sustaining costs of $20.93 per ounce.The next phase centers on La Preciosa, acquired from Coeur Mining in 2022 and permitted in Q1 2025. Recent drilling results have exceeded expectations, revealing 7.9 meters of 1,600 grams of silver equivalent, substantially higher than the 200-gram resource grid used in original planning. This higher-grade ore will contribute to lower costs and improved margins when processed through existing mill infrastructure.Avino's financial strategy distinguishes it from peers. "We're doing the opposite of our peers. We're unlevering, unhedging, and buying back the royalty," Wolfin explains. This approach has created a debt-free balance sheet with $50 million in cash, providing flexibility for self-funded expansion without equity dilution.Market recognition has followed operational success. The company achieved 600% stock performance over three years, earning inclusion in both the TSX30 and GDXJ index. With daily trading volumes of 6-8 million shares on NYSE American, institutional accessibility continues improving.The third asset, oxide tailings processing, completes Avino's measured expansion approach, targeting combined all-in sustaining costs in the "mid-teens to low teens" range across all operations.Learn more: https://www.cruxinvestor.com/companies/avino-silver-gold-mines-ltdSign up for Crux Investor: https://cruxinvestor.com

Interview with Shawn Khunkhun, CEO of Dolly Varden Silver CorporationOur previous interview: https://www.cruxinvestor.com/posts/dolly-varden-silver-tsxvdv-targets-top-10-global-producer-status-7537Recording date: 12th September 2025Dolly Varden Silver Corporation has emerged as a compelling consolidation story in the precious metals sector, delivering exceptional returns while positioning for significant growth in an improving silver market. Under CEO Shawn Khunkhun's leadership since February 2020, the company has systematically transformed from a $20 million market cap explorer into a $550 million silver platform, generating 650% share price appreciation for shareholders.The company's strategic approach centers on consolidating high-grade silver assets in British Columbia's Golden Triangle, accumulating five past-producing mines through methodical acquisitions. Khunkhun's contrarian timing proved prescient, entering the market when $16 silver prices provided minimal exploration incentives for major producers. "We've raised $150 million, and the idea has been, let's create an instrument where investors could get exposure to silver," he explained, describing the systematic vehicle construction.Technical fundamentals support the growth trajectory. The company's assets demonstrate exceptional metallurgy with 88% silver recovery rates, backed by 196,000 meters of drilling and strong community support in a region seeking economic development. A robust $40 million treasury provides flexibility for both organic growth through a 55,000-meter drill program and strategic acquisitions.The institutional investor base reflects confidence in management execution, with 50% institutional ownership including Fidelity, US Global, and Eric Sprott's 10% stake. The April 2025 US listing delivered an immediate 38% share price bump, enhancing access to American capital markets.With only ten primary silver producers globally, Khunkhun sees a clear path to becoming "the 11th" through continued consolidation. Management targets ambitious but achievable goals: $2 billion market cap, 400% share price appreciation, and production status within 18 months. As silver trades at $42 per ounce and generalist investors increase precious metals allocations, Dolly Varden appears positioned to capitalize on both sector rotation and metal price appreciation.Learn more: http://cruxinvestor.com/companies/dolly-varden-silverSign up for Crux Investor: https://cruxinvestor.com

Michael speaks with President and Founder of the Institute for Science and International Security David Albright about the state of the Iranian nuclear program following US and Israeli strikes. David, a renowned expert on Iran's nuclear program, provides updated analysis on the systematic destruction of key facilities and shares his insights on the challenges of reconstituting the program, the fate of missing enriched uranium, and the ongoing efforts of international monitors. 

Interview with Paul Chawrun, COO of i-80 Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/i-80-gold-tsxiau-meet-the-team-tyler-hill-7946Recording date: 15th September 2025i-80 Gold (TSX:IAU) is positioning itself as Northern Nevada's next significant gold producer through a systematic three-phase development strategy targeting over 600,000 ounces annually. Under new leadership, the company has assembled an experienced management team led by COO Paul Chawrun, who brings over 35 years of mining engineering expertise and a proven track record of scaling operations, having previously helped build Teranga Gold into a mid-tier producer later acquired by Endeavour Mining.The company's development strategy leverages well-understood Carlin trend geology across multiple high-grade assets. Currently operating the Granite Creek mine, i-80 Gold possesses underground resources exceeding 10 grams per ton gold, providing exceptional economics for future development. "The geology is well understood. This is Carlin trend. It's epithermal that's been mineralized inside a sediment host," Chawrun explains, emphasizing the predictability that underpins their expansion plans.The cornerstone of Phase 1 involves refurbishing the company-owned Lone Tree Autoclave by end-2027, which will eliminate the current $1,000-1,200 per ounce margin loss from toll milling arrangements. Phase 2 expands production through the Cove underground mine and Granite Creek open pit, while Phase 3 centers on the flagship Mineral Point asset, featuring a 17-year mine life and 3 million ounces of measured and indicated resources.i-80 Gold's approach emphasizes capital efficiency and risk mitigation, with each phase designed to generate cash flow supporting subsequent development. The company has engaged Hatch Engineering, recognized experts in autoclave technology, to manage the technical execution while maintaining operational continuity through existing toll milling arrangements.Operating in Nevada's supportive regulatory environment provides significant jurisdictional advantages, with established infrastructure and community support facilitating development timelines. The company's strategic focus on organic growth through systematic asset development positions it to capitalize on strong gold prices while building toward mid-tier producer status in North America's premier gold district.View i-80 Gold's company profile: https://www.cruxinvestor.com/companies/i-80-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Elaine Ellingham, President & CEO of Omai Gold Mines Corp.Our previous interview: https://www.cruxinvestor.com/posts/omai-gold-mines-tsxvomg-high-grade-discovery-transforms-economics-of-historic-guyana-mine-7355Recording date: 15th September 2025Omai Gold Mines (TSXV:OMG) presents a rare combination of scale, scarcity, and strategic positioning that positions it among the most compelling gold investment opportunities in today's market. The company's dramatic transformation from zero resources to 6.5 million ounces within four years demonstrates exceptional execution capability while creating substantial shareholder value, evidenced by the stock's remarkable 600% appreciation over the past year.The investment thesis centers on Omai Gold's membership in an exclusive group of only seven large-scale, developable gold projects globally that exceed 2 grams per tonne and remain available to public investors rather than being held by major mining corporations. This scarcity premium becomes increasingly valuable as major mining companies generate substantial cash flows from elevated gold prices while facing limited organic growth opportunities.Omai Gold's strategic advantages extend beyond resource scale to encompass exceptional infrastructure benefits. As a former producing mine, the project features existing cleared land, operational airstrip, road access, and critically, existing tailings facilities. These infrastructure elements substantially reduce development risk and capital requirements compared to greenfield projects, while the proximity to established transportation corridors and government-funded road improvements enhance operational economics.The company's financial position provides confidence in execution capability. With $19 million in cash following a February financing round, Omai Gold maintains adequate funding through the completion of its comprehensive preliminary economic assessment expected in early 2026. This capital supports four active drill rigs and high-impact studies that advance the project toward its targeted production capacity of 300,000 ounces annually, positioning the operation as a significant mid-tier producer.Beyond current resources, Omai Gold's exploration program offers substantial upside potential. Deep drilling beneath the Wenot deposit targets mineralization 600 meters below existing resources, with successful results potentially extending mine life from the current 20-30 year projection to 40 years. This exploration strategy addresses investor concerns about resource depletion while positioning Omai Gold as a potential multi-generational mining operation.The macro environment strongly favors Omai Gold's positioning. Central banks have become net buyers of gold for the first time in decades, while institutional investors increasingly view gold as a portfolio hedge against inflation and monetary policy uncertainty. Simultaneously, the mining industry faces supply constraints as major discoveries become rare and development timelines extend, creating a scarcity premium for large-scale, developable projects in stable jurisdictions.Guyana's political and economic environment provides additional investment security. President Irfaan Ali's recent re-election with 57% majority support and parliamentary control ensures policy continuity, while the country's transformation driven by offshore oil discoveries has generated the world's highest GDP growth rate. The government actively supports mining development as part of its economic diversification strategy, unlike jurisdictions where mining faces political opposition.The convergence of strong gold fundamentals, limited new supply, and Omai Gold's unique positioning creates compelling value realization potential. Whether through independent development or strategic acquisition by cash-rich major mining companies seeking growth opportunities, shareholders are positioned to benefit from multiple pathways to value maximization in an environment that rewards quality assets with premium valuations.View Omai Gold Mines' company profile: https://www.cruxinvestor.com/companies/omai-gold-minesSign up for Crux Investor: https://cruxinvestor.com

Interview with Frederick H. Earnest, President & CEO of Vista GoldOur previous interview: https://www.cruxinvestor.com/posts/from-mega-mines-to-lean-machines-rio2-ltd-vista-golds-blueprint-for-fast-track-gold-production-7298Recording date: 16th September 2025Vista Gold Corp (TSX:VGZ) presents a compelling investment opportunity through its strategic transformation of the Mt Todd Gold Project, Australia's second largest undeveloped gold asset and the largest not owned by an existing producer. The company's recent feasibility study represents a fundamental strategic pivot that has created enhanced economics, reduced capital requirements, and multiple pathways for value realization.The cornerstone of Vista Gold's investment thesis lies in its decision to redesign Mt Todd from a massive 50,000 ton per day operation requiring over $1 billion in initial capital to a more focused 15,000 ton per day operation with $425 million capex—a 59% reduction that makes financing significantly more achievable. This strategic shift prioritizes grade over volume, raising the cut-off grade from 0.35 g/t to 0.5 g/t, resulting in a 23% improvement in reserve grade while maintaining over 5 million ounces of gold reserves.The redesigned project delivers exceptional economics with an NPV5 of $1.1 billion using a conservative $2,500 gold price assumption. At $3,300 gold price, closer to current market levels above $3,600, the NPV increases to $2.2 billion with an IRR approaching 45%. The production profile shows consistent output of 153,000 ounces annually over the first 15 years, providing predictable cash flow generation that appeals to investors seeking stable gold exposure.The market has responded overwhelmingly positively to Vista Gold's strategic direction, with shares surging 133% from 93 cents to $2.17 following the July feasibility study publication. This appreciation reflects both the favorable gold price environment and increased recognition of the project's improved risk-reward profile, demonstrating investor confidence in management's strategic execution.Vista Gold's strategic approach provides investors with exposure to three distinct value realization scenarios: joint venture partnerships, potential sale or corporate transactions, and self-development. This optionality ensures the company can adapt to market conditions and capitalize on the most favorable outcome for shareholders. The reduced capital requirements have expanded the pool of potential joint venture partners, while the project's improved economics make it more attractive for corporate transactions.Mt Todd's unique positioning as Australia's largest undeveloped gold project not owned by a producer provides significant strategic value in the current consolidation environment. The project benefits from Australia's political stability, established mining infrastructure, and proximity to Asian gold demand centers, reducing development risk compared to emerging market alternatives.Vista Gold offers investors exposure to a premier undeveloped gold asset with management that has demonstrated strategic flexibility to optimize shareholder value. The combination of proven reserves exceeding 5 million ounces, enhanced project economics, reduced capital requirements, and multiple development pathways positions the company as an attractive vehicle for gold sector exposure. With gold prices providing substantial operational margins above feasibility study assumptions and strong market validation through share price appreciation, Vista Gold represents a compelling opportunity for investors seeking exposure to Australia's gold sector through a strategically positioned development company.View Vista Gold's company profile: https://www.cruxinvestor.com/companies/vista-gold-corporationSign up for Crux Investor: https://cruxinvestor.com

Interview with Pascal Hamelin, President & CEO of Abcourt Mines Inc.Our previous interview: https://www.cruxinvestor.com/posts/abcourt-mines-tsxvabi-gold-producer-ready-to-restart-sleeping-giant-mine-7160Recording date: 15th September 2025Abcourt Mines (TSXV:ABI) has successfully completed its first gold pour at the Sleeping Giant Mine in Quebec, marking a critical transition from development company to gold producer. Speaking at the Denver Gold Forum, President and CEO Pascal Hamelin outlined an aggressive production scaling strategy designed to capitalize on favorable gold market conditions.The company plans to ramp production from zero to 30,000 ounces annually within 18 months, following a detailed preliminary assessment released in 2023. This production target represents only 45% of the mill's total capacity, providing significant room for future expansion to potentially 60,000-70,000 ounces annually. The scalability provides multiple expansion avenues as the company develops additional mining fronts within the existing operation.Operationally, Abcourt maintains a strong cost structure with all-in sustaining costs projected at $1,600 USD per ounce and monthly operating costs of approximately $4 million. At current gold prices exceeding $3,600 per ounce, this creates substantial margins and positions the company for rapid cash flow generation.Beyond the Sleeping Giant operation, Abcourt has identified significant exploration potential at its Flordin project. The 2024 discovery exposed a vein measuring 300 meters long by over 10 meters wide, with drilling confirming continuity to 400 meters depth. Geophysical surveys suggest the vein could extend up to 2 kilometers in length, with management projecting a four to five-year timeline to operational status.The company maintains a portfolio of 15 projects within trucking distance of the Sleeping Giant mill, enabling potential infrastructure sharing and operational synergies. With plans for eventual share buybacks rather than dividends to optimize tax efficiency for shareholders, Abcourt appears positioned to benefit from sustained precious metals strength while building a scalable production platform in Quebec's mining-friendly jurisdiction.View Abcourt Mines' company profile: https://www.cruxinvestor.com/companies/abcourt-mines-incSign up for Crux Investor: https://cruxinvestor.com

Interview with Lon Shaver, President of Silvercorp Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/20-year-silver-producer-silvercorp-tsxsvm-expands-to-ecuador-with-12-costs-vs-35-prices-7436Recording date: 15th September 2025Silvercorp Metals (TSX: SVM) has positioned itself as a compelling investment opportunity in the current precious metals cycle, combining operational excellence with strategic growth initiatives across multiple jurisdictions. The company's financial foundation anchors its investment thesis, with $377 million in cash plus an investment portfolio providing substantial strategic flexibility without requiring dilutive equity raises.The company's core Chinese operations at the Ying mine continue delivering consistent performance despite facing operational challenges earlier this year. Management is strategically transitioning from labor-intensive mining methods to mechanized approaches, improving both safety and operational efficiency. This evolution positions the company for sustained profitability while reducing operational risks associated with manual mining processes.Silvercorp's most significant near-term catalyst is the El Domo project in Ecuador, targeting commercial production by end-2026. The project benefits from a favorable financing structure with Wheaton Precious Metals contributing $175 million of the $240 million capital requirement through a streaming arrangement. Legal challenges have been definitively resolved through Ecuador's judiciary system, clearing the path for development execution.Trading at a $1.2 billion market capitalization against consensus net asset value estimates of $1.6 billion, Silvercorp offers investors discounted exposure to silver markets. As a silver-dominant producer with over 60% of revenues derived from silver, the company provides leveraged exposure to precious metals strength while maintaining operational cash generation capabilities.Management's disciplined approach to mergers and acquisitions, supported by a $400 million shelf prospectus, positions the company for strategic growth through value-accretive transactions. Their expertise in challenging jurisdictions creates competitive advantages in acquiring assets where other operators demand risk premiums. With a 20-year track record of profitable operations and near-term production growth catalysts, Silvercorp presents an attractive entry point for precious metals exposure in the current market environment.View Silvercorp's company profile: https://www.cruxinvestor.com/companies/silvercorp-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with David Londoño, President & CEO of Mineros SAOur previous interview: https://www.cruxinvestor.com/posts/mineros-sa-tsxmsa-cash-rich-gold-miner-eyes-expansion-7128Recording date: 15th September 2025American gold mining, combining exceptional financial performance with an aggressive expansion strategy across Colombia, Nicaragua, and Chile. The company reports record revenues, earnings per share, and adjusted EBITDA while maintaining over $100 million in cash, providing substantial financial flexibility for growth initiatives without requiring external financing.The company's flagship Porvenir project in Nicaragua has achieved significant engineering optimization, with preliminary feasibility studies reducing initial capital requirements from over $250 million to the mid-$100 millions. The project features a scalable 2,000 tons per day processing plant expandable to 5,000 TPD capacity, targeting 4-5 grams per ton gold grades with valuable byproduct credits from copper, silver, and zinc. Recent exploration success around the main deposit has identified additional mineralization that could accelerate expansion timelines and extend mine life.Operational expansion centers on a $45 million investment to increase the Hemco plant capacity from 1,800 to 2,300 tons per day. This expansion leverages the company's unique relationship with artisanal miners, who provide both high-grade feed material and valuable geological intelligence. The capacity increase targets production growth from current levels of 120-130,000 ounces annually to 200,000 ounces, representing approximately 55% growth from Nicaragua operations alone.Mineros SA recently acquired the La Pepa exploration property in Chile for $40 million cash, adding 2 million ounces of gold resources at 0.56 grams per ton average grade. Located near Copiapó in an established mining district, the property benefits from existing infrastructure and experienced personnel. Management targets production within five years, supported by shallow, oxide-dominated mineralization suitable for heap leach processing.The company maintains its commitment to shareholder returns through a $30 million annual dividend policy while reinvesting excess cash flow into growth projects. Although the dividend yield has decreased from 10-15% to below 5% due to share price appreciation, the absolute payment remains consistent, demonstrating management's balanced approach to growth investment and shareholder returns in a strengthening gold price environment.View Mineros SA's company profile: https://www.cruxinvestor.com/companies/mineros-saSign up for Crux Investor: https://cruxinvestor.com

Interview with Simon Marcotte, CEO, Northern Superior ResourcesOur previous interview: https://www.cruxinvestor.com/posts/northern-superior-resources-tsxvsup-consolidating-canadas-next-major-gold-camp-7570Recording date: 10th September 2025Northern Superior Resources is positioning itself at the forefront of what CEO Simon Marcotte believes will be a historic transformation in the gold sector, driven by both macroeconomic forces and strategic asset consolidation in Quebec's emerging Chibougamau Gold Camp.Marcotte presents a compelling case for gold reaching $30,000 per ounce, based on debt-to-gold reserve ratio analysis comparing current conditions to the 1970s currency reset. His framework suggests that to match 1970s reset levels, gold would need to reach $24,000, with additional structural factors potentially driving prices higher. This bold prediction reflects his view that despite recent gold strength, "we don't even think the game has started... we're [just] walking into the arena."A critical investment opportunity emerges from current sector mispricing. Gold developers currently trade at approximately 0.5% of their gold-in-ground value, compared to historical averages of 3-5% since 2001. As Marcotte explains, "If gold just stays where it is and we re-rate back to the long-term average, we're looking at a 10 bagger for the sector." This valuation disconnect coincides with gold producers facing reserve depletion challenges, having "depleted about a third of their reserves in the ground over the past 15 years," creating inevitable consolidation pressure.Northern Superior's core strategy centers on consolidating Quebec's Chibougamau Gold Camp, which Marcotte positions as "the next big camp to emerge globally." The Philibert deposit serves as the foundational asset, with 22,000 meters of successful drilling demonstrating "enormous success to the southeast" and discovering "a high-grade underground zone at depth." The company has strategically acquired neighboring properties to enable northwestern expansion, with a new resource estimate in development.IAMGOLD's role as the camp's driving development force provides significant validation, having "publicly stated several times that their next stop is to develop Chibougamau." Additionally, Northern Superior's 50% ownership of OnGold represents hidden value through two key assets: the TPK project (North America's largest gold-in-till anomaly) and Monument Bay (historical 3 million ounce resource). Both assets are now actively being drilled following years of preparation and community engagement.The company maintains strong governance with 25% insider ownership and solid institutional backing, protecting against opportunistic takeovers while maintaining strategic flexibility. Management's approach balances active development with strategic patience, recognizing potential for significant value creation as gold prices advance and sector consolidation accelerates.Learn more: https://www.cruxinvestor.com/companies/northern-superior-resources-incSign up for Crux Investor: https://cruxinvestor.com

Recording date: 12th September 2025The precious metals mining sector is experiencing a fundamental transformation as institutional capital floods into gold equities and junior exploration companies secure financing levels unseen in over a decade. Olive Resource Capital, reporting their strongest performance since inception, exemplifies the sector's momentum with exceptional returns through traditionally challenging summer months.Junior mining companies now routinely raise $20-30 million compared to historical norms of $3-4 million, enabling drilling programs of 100,000+ meters annually versus previous budgets limited to 5,000 meters. This capital influx positions well-funded exploration companies to potentially transform million-ounce discoveries into tier-one deposits exceeding 5 million ounces, attracting major producer acquisition interest.The Anglo American-Teck merger announcement signals accelerating consolidation activity, with both companies essentially placing themselves in acquisition play. Cash-rich gold producers are shifting from capital discipline messaging toward growth strategies, fundamentally altering the M&A landscape. Companies previously considered acquisition targets, such as IAMGOLD, now possess the balance sheet strength to become buyers themselves, dramatically expanding the potential acquirer pool.Silver sector opportunities are multiplying as $40 silver prices make virtually every global silver company economical, attracting significant investment including backing from Eric Sprott across multiple ventures. The sector benefits from both improved economics and the crypto community's embrace of gold as "natural bitcoin."Institutional participation extends beyond traditional resource funds, with generalist money driving gold equity outperformance versus the underlying commodity. New faces at industry conferences indicate capital sources outside the typical mining investment circle are entering the space.The upcoming Denver Gold Forum will reveal whether major producers formally pivot from capital discipline rhetoric to growth-focused strategies, potentially triggering additional M&A activity as the sector matures into a more sophisticated phase of the current bull market cycle.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Keith Boyle, CEO of New Found Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/new-found-golds-strategic-maritime-resources-acquisition-building-canadas-next-gold-producerRecording date: 15th September 2025New Found Gold Corp. has strategically strengthened its leadership team with three key appointments that position the company for its transition from developer to producer following the Maritime Resources acquisition. The headline appointment sees Dr. Andrew Furey, former Premier of Newfoundland and Labrador, joining the board of directors, bringing unparalleled political connections and regulatory expertise to guide operations in the province where both Hammerdown and Queensway projects are located. CEO Keith Boyle emphasized the strategic value, noting that "the political world and all those connections really do help a business and that oversight, making sure that we advance in the right way, that's gold."The operational leadership team has been enhanced with the appointment of Hashim Ahmed as CFO, bringing proven experience from Mandalay Resources and Jaguar Mining, and the promotion of Robert Assabgui to COO, leveraging his decades of mining engineering experience including successful development of Hudbay's Lalor mine. These appointments address the sophisticated financial and operational requirements as New Found Gold manages both Hammerdown's production ramp-up starting in early 2026 and Queensway's C$155 million Phase 1 development.The leadership expansion builds on the Maritime acquisition's strategic rationale, which Boyle described as creating synergies where "Maritime's got a nice little gold mine operation coming into production later this year and that gold production will help fund phase one of the Queensway project." With Hammerdown projected to contribute approximately C$70 million in cash flow and Queensway Phase 1 targeting 69,300 ounces annually, the enhanced team provides the expertise needed to achieve the company's objective of "cracking the 200,000-ounce mark." The appointments collectively reduce political, operational, and financial risks while positioning New Found Gold to capitalize on district-scale exploration opportunities across its expanded Newfoundland land position in a Tier 1 mining jurisdiction.—Learn more: https://cruxinvestor.com/companies/new-found-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Nick Appleyard, President & CEO of TriStar Gold Inc.Our previous interview:Recording date: 11th September 2025TriStar Gold Corporation represents a compelling high-risk, high-reward investment opportunity centered on the exceptional economics of its Castelo de Sonhos gold project in Brazil's Pará state. The project's fundamentals are outstanding, containing 1.4 million ounces of probable gold reserves that generate a post-tax net present value of $1.4 billion at conservative $3,200 per ounce gold assumptions. This creates a remarkable valuation disconnect with TriStar's current market capitalization of approximately $55 million.The investment thesis is built on the project's technical simplicity and robust economics. CEO Nick Appleyard characterizes the operation as "sand and gold. Nothing else. Simplest processing you're ever going to see." This straightforward metallurgy reduces both technical risk and capital requirements while supporting strong margins throughout the mine life. Production profiles indicate significant scale, with the first seven years averaging 150,000 ounces annually before stabilizing at 120,000 ounces, positioning Castelo de Sonhos as a meaningful mid-tier gold operation.Location advantages further enhance the project's attractiveness. Proximity to existing road infrastructure reduces capital requirements typically associated with remote site development, while the technical simplicity of processing sand-hosted gold mineralization supports both economic viability and development timeline efficiency.The current investment opportunity stems from regulatory challenges that have created substantial valuation dislocation. TriStar faces permit suspension recommendations from Brazilian prosecutors based on allegedly insufficient indigenous consultation. However, the factual basis for these concerns appears questionable, with referenced indigenous groups located over 100 kilometers from the project site and no demonstrated environmental or cultural impact from exploration activities.Importantly, TriStar maintains strong local support where it matters most. Communities within reasonable proximity to the project support the company's activities, benefiting from employment opportunities and development programs. State regulatory agencies have provided robust defense of TriStar's permit applications, with the state environmental agency emphasizing that the company has followed all proper procedures and operates far from any potential impact areas.The legal process follows a defined timeline with defense filings expected by mid-October 2025, followed by judicial review through early 2026. Management estimates that approximately $1.5 million in legal and consultation expenses could provide project clarity and unlock construction licensing, representing modest capital deployment relative to potential value creation.Risk mitigation factors support the investment thesis despite regulatory uncertainty. TriStar maintains sufficient capital to navigate the legal process without forced fundraising at disadvantageous terms, while the company's single-asset focus allows management to concentrate entirely on resolution. The involvement of FUNAI, Brazil's federal indigenous affairs agency, provides procedural safeguards through evidence-based assessment standards rather than subjective claims.Historical precedent supports optimism for resolution. Similar regulatory challenges in Pará state have generally been resolved with projects advancing to production, suggesting these hurdles follow predictable patterns with established resolution mechanisms. Brazilian mining attorneys view such challenges as part of the operating environment rather than terminal project risks.For investors comfortable with Brazilian regulatory complexity and willing to accept defined timeline risk, TriStar Gold offers exceptional return potential through what management estimates could be a $100 million market value recovery upon regulatory clarity.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com

Interview with Tim Clark, CEO, Fury Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/fury-gold-mines-tsxfury-multi-asset-canadian-high-grade-gold-explorer-with-strong-financials-5957Recording date: 11th September 2025Fury Gold Mines has emerged as a compelling investment opportunity in the junior gold mining sector, presenting multiple pathways to value creation through its high-grade Eau Claire resource in Quebec and diversified portfolio approach. The company's recently released preliminary economic assessment demonstrates robust standalone economics with a $554 million net present value and 41% internal rate of return, based on conservative $2,400 gold pricing.What sets Fury apart from typical junior miners is its strategic toll milling optionality, which could dramatically enhance returns while reducing capital requirements. Located 50-60 kilometers from an underutilized processing facility, the company has modeled scenarios showing potential IRR increases to 84% under full toll milling arrangements. This flexibility addresses one of the primary challenges facing junior developers: substantial upfront capital expenditure.The company's financial strength provides significant competitive advantages through its $65 million equity position in Dolly Varden Silver Corporation and New York Stock Exchange listing, which grants access to US retail investors comprising two-thirds of the shareholder base. CEO Tim Clark emphasizes this positioning enables selective capital raising while maintaining disciplined dilution management of just 3-4% annually.Beyond the flagship Eau Claire project approaching 2 million ounces, Fury maintains additional growth catalysts including a partnership with Agnico Eagle on Committee Bay properties in Nunavut and recently acquired Quebec assets. The company also holds the only full feasibility study on an unbuilt rare earth project, adding further monetization potential.Despite recent 30% share price appreciation following the PEA release, Clark believes Fury remains significantly undervalued at $25 per ounce compared to peer averages of $50 per ounce. With sustained gold price strength driving renewed investor interest in quality junior miners, Fury appears positioned to capture disproportionate value as market recognition increases and development activities advance across its diversified portfolio.Learn more: https://www.cruxinvestor.com/companies/fury-gold-minesSign up for Crux Investor: https://cruxinvestor.com

Interview with Sam Lee, CEO, Northisle Copper & GoldOur previous interview: https://www.cruxinvestor.com/posts/northisle-copper-gold-tsxvncx-2b-npv-project-signals-significant-value-gap-at-current-prices-7271Recording date: 11th September 2025Northisle Copper & Gold has positioned itself as a compelling copper-gold investment opportunity following a transformational $40 million equity financing that marked the company's entry into institutional investment circles. The financing attracted nine institutional investors, with seven being completely new to the Northisle story, while Wheaton Precious Metals provided strategic backing through an unusual equity investment rather than their typical streaming arrangement.The company's preliminary economic assessment demonstrates robust project economics with a $2 billion after-tax net present value at conservative commodity prices of $4.20 copper and $2,150 gold. At current gold prices near $3,600, the economics improve dramatically to a $5 billion NPV with a 45% internal rate of return. The project's unique structure addresses typical copper porphyry capital intensity challenges through high-margin gold-dominant zones that generate 65-70% margins, enabling initial capital payback within 1.9 years.Management has strengthened its leadership team with world-class appointments, including Kevin O'Kane as Chief Operating Officer, bringing 35 years of BHP experience from projects like Escondida, and Alex Davidson to the board with extensive Barrick Gold expertise. These appointments signal management's commitment to operational excellence as the company advances toward feasibility studies.Beyond the starter pit opportunity, Northisle controls a 35-kilometer district with over 70 years of exploration data, presenting significant upside potential through deep drilling programs targeting district-scale discoveries. The company has allocated $10 million for exploration programs led by Dr. Pablo Mejia Herrera, targeting "1% copper equivalent over 1,000 meters" intersections that would indicate proximity to high-grade porphyry cores.CEO Sam Lee characterized the current environment as unprecedented for natural resource extraction, with federal government support through trade missions and political alignment creating optimal development conditions. This macro backdrop, combined with the company's proven capital allocation track record and institutional validation, positions Northisle to capitalize on favorable commodity cycles while pursuing both near-term development economics and long-term district potential.Learn more: https://www.cruxinvestor.com/companies/northisle-copper-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Justin van der Toorn , CEO of Greenheart GoldOur previous interview: https://www.cruxinvestor.com/posts/greenheart-gold-tsxvghrt-advancing-multi-project-portfolio-7557Recording date: 10th September 2025Greenheart Gold is an emerging junior gold explorer with a robust management pedigree, led by CEO Justin van der Toorn whose success at Reunion Gold lends credibility to the company's strategic approach. The company operates five greenfield gold projects in the highly prospective Guyana Shield region—two in Guyana and three in Suriname—deliberately focusing on unexplored targets. Rigorous evaluation and financial discipline underpin their model, with each project subjected to a systematic 9-12 month process to reach a drill decision, and non-viable assets quickly dropped.Currently, Greenheart has active drilling at the Tamakay project in Guyana and the Majorodam project in Suriname. Early drilling at Majorodam delivered intersections including 30 meters at 2 grams per tonne gold, supported by strong infrastructure benefits such as proximity to paved roads and established mills, which help lower operating costs and development thresholds. At Tamakay, the program targets high-grade quartz veins previously mined by local artisanal miners, further highlighting the region's potential.Justin van der Toorn emphasizes the importance of an honest, data-driven approach, stating, “At the end of the day, it's exploration. You have to play a little bit of a numbers game here and make sure that you've got more than one egg in a basket,” reflecting the company's commitment to portfolio diversification and rigorous technical standards.Well-capitalized and backed by a supportive institutional shareholder base, Greenheart Gold is positioned to advance its pipeline without the immediate need for further fundraising. With a disciplined capital allocation strategy and a clear focus on advancing only the most promising opportunities, Greenheart is set to deliver value through near-term drilling results and multiple discovery pathways within a world-class geological province. These factors, combined with favorable macroeconomic conditions for gold and the underexplored nature of the Guyana Shield, create a compelling case for investors.Learn more: https://www.cruxinvestor.com/companies/greenheart-goldSign 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-tsxvscz-q1-revenue-hits-70m-as-turnaround-plan-delivers-results-7297Recording date: 11th September 2025Santacruz Silver Mining represents a compelling investment opportunity for investors seeking exposure to a financially disciplined silver producer with strong fundamentals and clear growth catalysts. The company has successfully completed a strategic financial restructuring that positions it as one of the cleanest balance sheet stories in the precious metals sector.The company's financial transformation is remarkable. Santacruz has completely eliminated its acquisition-related debt obligations, paying off the final $15 million of its Glencore asset acquisition ahead of schedule while securing an additional $40 million in savings through an acceleration clause execution. This achievement has resulted in a pristine balance sheet with no streaming agreements, no royalties, and minimal debt beyond a strategically structured $20 million promissory note in Bolivia that carries a negative implied interest rate.Operationally, Santacruz demonstrates impressive resilience and diversification through its portfolio of four producing mines and one ore sourcing company spanning Mexico and Bolivia. The company generates over 7 million ounces of pure silver annually alongside significant zinc credits, with management projecting $90-120 million in annual free cash flow. This operational strength was evidenced when recent flooding at two Bolivian veins was immediately offset by San Lucas trading operations, which sourced replacement ore from third-party miners to maintain full mill capacity utilization.The investment thesis is strengthened by favorable currency dynamics in Bolivia, where 80-85% of operational costs are denominated in Bolivianos. The recent devaluation of the Boliviano creates ongoing cost advantages that directly improve all-in sustained cash costs and enhance profit margins, particularly beneficial in the current rising silver price environment.Santacruz's primary growth catalyst centers on the advanced Soracaya brownfield project, which management characterizes as "advanced organic growth." This asset features existing 43-101 resource reporting and previous development work by Glencore, with full permitting expected within 7-10 months. Once operational, Soracaya will contribute an additional 4 million ounces of annual silver production - representing approximately a 60% increase in output - funded entirely through internal cash generation without equity dilution.The company's resource base offers exceptional longevity and expansion potential. Current reserves and resources provide approximately 12 years of mine life in Bolivia alone, supported by vein systems that allow for both deeper development and strike length extension. Notably, the Porco mine represents the longest continuously producing mine in the Americas with 500 years of non-stop operation, while other assets have maintained production for over 200 years, demonstrating the sustainability of these geological systems.From a valuation perspective, Santacruz appears attractively positioned with an enterprise value approximately six to seven times projected EBITDA of $110-120 million, trading at a discount to many precious metals peers. This valuation gap, combined with the company's strong cash generation capabilities and strategic flexibility for acquisitive growth, presents multiple pathways for value creation.The macro environment further supports the investment case, as silver benefits from dual demand drivers spanning both industrial applications and monetary hedge demand. Industrial consumption continues expanding through renewable energy infrastructure and electronics manufacturing, while supply constraints from primary silver operations create additional price support.For investors seeking exposure to a well-managed silver producer with proven operational capabilities, clean financials, and clear growth visibility, Santacruz Silver offers a compelling risk-adjusted opportunity in the current precious metals landscape.View Santacruz Silver Mining's company mining: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Interview with Marco Roque, President & CEO of Cassiar Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/cassiar-gold-tsxvgldc-dual-strategy-drives-growth-to-234moz-eyes-5moz-target-7293Recording date: 11th September 2025Cassiar Gold Corporation represents a unique investment opportunity in the current elevated gold market environment, combining substantial existing resources with rare infrastructure advantages that position the company for accelerated development timelines. With gold prices above $3,600 per ounce, the company's 59,000-hectare flagship project in northern British Columbia offers investors exposure to both immediate development potential and significant exploration upside.The project's resource inventory of 2.3 million ounces provides immediate scale, with 1.9 million inferred ounces grading 0.95 g/t and 410,000 indicated ounces at 1.43 g/t. Critically, this mineralization starts from surface and remains open for expansion, offering both development certainty and growth potential. The ongoing 7,000-meter drill program targets resource expansion at the established Taurus deposit while defining the promising Newcoast prospect, which features a footprint three times larger than Taurus with similar mineralization characteristics.Cassiar Gold's most significant competitive advantage lies in its existing infrastructure, a rare asset in the exploration and development sector. The project includes mine permits, road access, and a fully owned and permitted mill—infrastructure elements that typically require years to develop and permit. This positioning enables the company to potentially achieve production within three years for bulk tonnage operations, compared to the industry average of 18 years from discovery to production.The geological setting supports multiple development pathways through its orogenic nature, providing both predictability and operational flexibility. The bulk tonnage component grading approximately 1 g/t offers foundation for large-scale operations appealing to major mining companies, while discrete high-grade veins averaging 3 meters wide with grades between 10-20 g/t provide opportunities for earlier cash flow generation through selective mining approaches.Multiple near-term catalysts position the company for value creation over the next 18 months. Drill results are expected through year-end, metallurgical results in Q1 2026, and the critical Preliminary Economic Assessment in the first half of 2026. These studies will translate the geological and infrastructure advantages into economic terms, providing production scenarios, capital requirements, and return projections at current elevated gold prices.The investment thesis is strengthened by favorable market dynamics. Current gold prices provide robust economic margins for gram-per-ton mineralization starting from surface, while infrastructure advantages reduce typical capital intensity requirements. The combination creates attractive return profiles without extended development timelines that have historically challenged investor patience in the mining sector.Management's strategic vision balances near-term value creation through advancing known resources toward production with longer-term growth through systematic exploration of the broader land package. President and CEO Marco Roque notes the sector is buzzing with current market conditions creating favorable environments for advancing development projects and securing financing.The Cassiar Gold opportunity represents a new category of gold investments that bridge traditional exploration and development stage classifications. The company's existing mine permits, processing facilities, and access infrastructure address primary concerns that have historically deterred institutional investment: regulatory uncertainty, extended timelines, and capital intensity. For investors seeking exposure to gold sector growth while mitigating traditional development risks, Cassiar Gold offers a compelling combination of resource scale, infrastructure advantages, and development optionality positioned to benefit from current market strength.View Cassiar Gold's company profile: https://www.cruxinvestor.com/companies/cassiar-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Rory Quinn, President & CEO of Yukon MetalsOur previous interview: https://www.cruxinvestor.com/posts/yukon-metals-cseymc-launching-major-drill-program-in-2025-7124Recording date: 10th September 2025Yukon Metals Corporation (CSE:YMC) represents a compelling early-stage copper and gold exploration opportunity positioned to capitalize on favorable market conditions and strong preliminary drilling results across three strategic properties in Canada's Yukon Territory.The company's flagship Birch project has delivered encouraging validation of its geological model, with scarn mineralization encountered in every drill hole across a substantial 750-meter strike length. The consistency of this mineralization is particularly significant for early-stage exploration, indicating a robust and extensive system with substantial discovery potential. Recent drilling has intersected up to 46 meters of continuous scarn mineralization between 250-300 meters depth, suggesting significant vertical continuity. Preliminary visual assessment by Dr. Quinton Hennigh, a highly respected geologist, indicates potential copper grades of 1.5-2% with accompanying gold content, though final assay results are pending.Complementing the copper focus at Birch, the Star River property presents exceptional high-grade silver and gold potential. Surface sampling has yielded remarkable results including up to 11,000 g/t silver and 101 g/t gold, with visible galena mineralization containing 1,800 g/t silver and 20% lead. Current drilling targets shallow mineralization at approximately 150 meters depth, supported by an 800-meter gravity anomaly that correlates with known high-grade surface showings.A critical value driver for Yukon Metals lies in its systematic approach to operational scaling through permit advancement. The company currently operates under Class 1 permits that limit operations to 10 people and restrict drilling scope. However, management is actively pursuing Class 3 permits that would dramatically expand capabilities to 50 people on site with virtually unlimited drilling capacity for a 10-year period. CEO Rory Quinn emphasized this represents a significant value inflection point, stating the permits will create a huge amount of value and enable much larger exploration programs.The company maintains a strong financial foundation with $11 million raised in April, supporting approximately 9,000 meters of drilling across the three properties. Management operates a lean structure with only a three-person Vancouver office, ensuring capital allocation is directed primarily toward exploration activities. This disciplined approach maximizes shareholder value while maintaining operational flexibility.Market conditions appear increasingly favorable for copper exploration, driven by electrification trends and supply constraints. Quinn noted strong institutional interest and the presence of generalist funds and US capital, describing current conditions as "the best vibe I've felt here in a long time" in what "really does feel like a bull market." The company's stock price has reflected this positive sentiment, advancing from $0.60 to the $0.80-$0.90 range following positive drilling results.The management team brings valuable experience and strategic relationships within the mining finance community. Key personnel include Keith Neumeyer, who helped structure the company and brings committed investor networks, and Patrick Burke, former head of capital markets at Canaccord Genuity. Quinn's background with Wheaton Precious Metals provides institutional market familiarity that should prove valuable as projects advance.With pending assay results, permit advancement progress, and favorable market conditions for strategic commodities, Yukon Metals appears well-positioned to deliver value through systematic project advancement and discovery potential across its diversified property portfolio.View Yukon Metals' company profile: https://www.cruxinvestor.com/companies/yukon-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Hugh Agro, CEO & John Meyer, VP of Engineering, Revival GoldOur previous interview: https://www.cruxinvestor.com/posts/revival-gold-tsxvrvg-secures-c29m-strategic-financing-for-us-gold-projects-7558Recording date: 10th September 2025Revival Gold Inc. has emerged as a compelling gold development story through strategic asset assembly and institutional validation, positioning itself with one of the largest portfolios of development projects in the western United States. Led by CEO Hugh Agro and VP of Engineering John Meyer, the company controls 6 million ounces of resources across two primary assets: the flagship Mercur project in Utah and the larger Beartrack-Arnett project in Idaho.The company's strategic foundation centers on brownfield acquisitions in tier-one jurisdictions with existing infrastructure and proven past production. "What we did know as mining engineers and developers and operators of gold projects is that there's really a scarcity of these good projects in good locations," Agro explains. This 7-8 year asset assembly period coincided with depressed junior mining valuations, creating competitive advantages that would be impossible to replicate in today's market.Revival Gold has secured sophisticated institutional backing from EMR Capital and Dundee Corporation, raising $30 million in cash while gaining validation from experienced mine builders. "These are minefinders and builders before they became financiers," Agro notes, emphasizing the extensive due diligence process that validated the company's assets and strategy.The Mercur project represents the near-term value catalyst, positioned on private land in Utah with streamlined state permitting and existing infrastructure. Management targets construction start within 2.5 years, utilizing simple crush heap leach processing that reduces capital requirements and technical complexity. Both projects benefit from this approach, avoiding the complications of conventional milling operations.Current drilling campaigns focus on resource expansion and metallurgical de-risking, with three rigs operating at Mercur. The company maintains significant exploration upside through Mercur's unexplored western anticline and Beartrack-Arnett's underground potential beneath planned open pit operations.Trading at 0.2 times net asset value despite $500 million in engineered NAV, Revival Gold offers institutional-backed exposure to domestic gold production growth in an increasingly supply-constrained market. The combination of near-term production timeline, proven assets, and sophisticated backing creates what management describes as "a rare rare find in the space."Learn more: https://www.cruxinvestor.com/companies/revival-gold-incSign up for Crux Investor: https://cruxinvestor.com

Interview with Joseph Ovsenek, President & CEO of P2 Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/p2-gold-inc-tsxvpgld-35moz-project-advances-on-metallurgical-breakthrough-7826Recording date: 11th September 2025P2 Gold presents one of the most compelling value propositions in the current gold mining sector, offering investors exposure to a high-quality Nevada development project with exceptional economics and experienced management execution capabilities. The company's Gabbs project demonstrates robust financial metrics that appear significantly disconnected from its current market valuation, creating a substantial opportunity for value recognition and appreciation.The project's preliminary assessment reveals impressive economics with a 62% internal rate of return and $700 million net present value at a 10% discount rate when current metal prices are applied. These figures stand in stark contrast to P2 Gold's market capitalization of just $25 million, suggesting a potential 28-fold upside if the market recognizes the project's intrinsic value. The 3.5 million ounce gold equivalent resource base provides substantial scale, while the Nevada location offers regulatory advantages and established mining infrastructure that reduce development risks.Recent metallurgical breakthroughs represent a significant catalyst for enhanced project economics and accelerated development timelines. Phase 3 metallurgical results demonstrated remarkable improvements, with gold recovery rates increasing from 78% to 85% and copper recovery jumping from 54% to 67%. Perhaps more importantly, extraction kinetics improved dramatically, with 98% of gold now recoverable in 58 days compared to the previous 145-day timeline. This improvement could reduce capital expenditure requirements and project footprint size when advancing to feasibility study.Management credibility provides crucial execution confidence for investors evaluating development-stage mining opportunities. CEO Joseph Ovsenek and Chief Exploration Officer Ken McNaughton previously collaborated at Pretium Resources, successfully advancing the Bruce Jack project from discovery to production in under eight years. Their proven track record demonstrates capability in navigating complex development processes including resource expansion, permitting, financing, and construction management. The team's philosophy of setting aggressive targets and maintaining development momentum has translated into P2 Gold's ambitious 2028 production timeline.The company's strategic approach to development acceleration includes skipping pre-feasibility study and advancing directly to feasibility based on extensive historical data and the project's straightforward heap leach processing characteristics. This decision could compress typical development timelines while leveraging Nevada's established regulatory framework and heap leach infrastructure. The addition of SART plant technology for gold and copper oxide recovery represents the primary technical innovation required, with numerous similar facilities already operating successfully.Near-term catalysts provide multiple opportunities for market recognition and potential re-rating over the next 12 months. Expansion and infill drilling beginning in mid-to-late October should generate results over six months, potentially expanding the resource base and providing additional geological confidence. Key regulatory milestones including water permitting and mining plan of operation filing within four to five months will demonstrate tangible progress toward production.P2 Gold's current financing round targeting C$6 million with potential expansion based on strong investor interest demonstrates improving market sentiment and capital access. The relatively modest funding requirements reflect the project's efficient development pathway and extensive historical database, allowing the company to maintain aggressive advancement while preserving shareholder dilution.At current gold prices exceeding $3,600 per ounce, P2 Gold offers compelling leverage to continued metal price appreciation while providing downside protection through robust project economics and experienced management execution capabilities.Learn more: https://cruxinvestor.comSign up for Crux Investor: https://cruxinvestor.com