Podcasts about Uranium

What Trump's executive order means for uranium—and how to play it. Plus, the disconnect between large and small caps… Why interest rates will go down in 2026… A great trade opportunity on a crypto stock… And Nvidia's (NVDA) earnings. In this episode: Large vs. small caps: What's behind the disconnect? [2:15] Interest rates will go down in 2026—here's why [6:45] This crypto stock presents a trade opportunity [15:00] The key to protecting Bitcoin from another SEC pivot [22:43] What to expect from Nvidia's earnings after the bell [26:34] Uranium stocks to trade on Trump's nuclear EO [34:16] This energy stock could drop 75% [42:22] Major changes coming to Curzio Research [54:38] 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

The nuclear industry and its boosters promise clean, abundant energy, but nuclear power delivers expensive electricity while posing catastrophic radiation risks and a constant threat of nuclear war. M. V. Ramana, physicist and author of Nuclear is Not the Solution, explains why respecting the limits of the biosphere means reducing our energy use and rejecting elites' push for endless growth. Highlights include:  Why nuclear energy is inherently risky due to its complex, tightly coupled systems that are prone to catastrophic failures that can't be predicted or prevented; Why nuclear waste poses long-term threats to all life by remaining dangerously radioactive for thousands of years, with no safe, permanent disposal solution and frequent storage failures; Why nuclear energy is expensive, with projects routinely running over budget and behind schedule; Why the expansion of nuclear energy increases the likelihood of devastating nuclear war; How climate change and war-time accidents or direct targeting increase the risks of nuclear catastrophe; Why nuclear Uranium mining and its wastes often require ‘sacrifice zones' that are disproportionately found in indigenous land and less powerful communities; How the nuclear industry shapes nuclear policy and debate by capturing regulators and creating an energy ‘panic' based on one-sided narratives that block democratic discussion and scrutiny; Why, despite the hype from the nuclear industry, new nuclear plant designs like small modular reactors are subject to the same cost and safety concerns as the old designs;  Why the best answer to dealing with renewable energy's variability is not nuclear or fossil fuels but reducing demand; Why renewable energy is no panacea for planetary overshoot and why we need to have a broadly democratic conversation about living within the limits of the planet. See episode website for show notes, links, and transcript:  https://www.populationbalance.org/podcast/mv-ramana   OVERSHOOT | Shrink Toward Abundance OVERSHOOT tackles today's interlocked social and ecological crises driven by humanity's excessive population and consumption. The podcast explores needed narrative, behavioral, and system shifts for recreating human life in balance with all life on Earth. With expert guests from wide-ranging disciplines, we examine the forces underlying overshoot: from patriarchal pronatalism that is fueling overpopulation, to growth-biased economic systems that lead to consumerism and social injustice, to the dominant worldview of human supremacy that subjugates animals and nature. Our vision of shrinking toward abundance inspires us to seek pathways of transformation that go beyond technological fixes toward a new humanity that honors our interconnectedness with all beings.  Hosted by Nandita Bajaj and Alan Ware. Brought to you by Population Balance. Subscribe to our newsletter here: https://www.populationbalance.org/subscribe Learn more at https://www.populationbalance.org Copyright 2025 Population Balance

May 23, 2025 – Markets are choppy, headlines are driving wild swings, and policy shifts seem to dictate every move. But is this just noise, or are deeper trends at play? Mish Schneider of MarketGauge joins Jim Puplava to challenge bullish...

Sources are indicating that the Israelis have had enough with Iran's Uranium enrichment program and will likely look to bomb all nuclear sites within Iran. Learn more about your ad choices. Visit megaphone.fm/adchoices

On the News Reel this week, we speak to Doug McMurdo from the Moab Times-Independent about a uranium mine in San Juan County that could be one of the first mines approved under the Trump administration's directive to expedite permitting and the environmental review process. We also give a quick update about the grand opening of Utahraptor State Park and a preview of the Moab Arts Festival this weekend. - Show Notes - • Trump administration to fast-track permits for Utah uranium mine https://www.sltrib.com/news/nation-world/2025/05/13/utah-uranium-trump-administration/ • Utahraptor State Park to host grand opening on May 23 https://www.moabtimes.com/articles/utahraptor-state-park-to-host-grand-opening-may-23/ • Moab Arts Festival to return this weekend https://www.moabtimes.com/articles/moab-arts-festival-returns-this-weekend/

Interview with Pascal Hamelin, President & CEO of Abcourt Mines Inc.Our previous interview: https://www.cruxinvestor.com/posts/abcourt-mines-tsxvabi-self-funded-high-grade-gold-mill-expands-4922Recording date: 20th May 2025Abcourt Mines (TSXV:ABI) is positioning itself as an emerging gold producer in Quebec, with plans to pour first gold from its 100%-owned Sleeping Giant mine in the second half of 2025. Led by President and CEO Pascal Hamelin, the company has transformed its strategy over the past three years, shifting focus from its unprofitable Elder mine to the high-grade Sleeping Giant project.The Sleeping Giant mine boasts approximately 400,000 ounces of gold resources at an impressive grade of 8 g/t, split evenly between indicated and inferred categories. With significant exploration potential to the east and at depth, Abcourt aims to expand this resource to one million ounces over the next two years using three drill rigs currently operating at the site.Financially, the company has secured an $8 million USD loan from Nebari and is finalizing additional equity financing to complete its funding requirements. Initial production is targeted at 10,000 ounces in the first year, ramping up to 30,000 ounces annually over a six-year mine life. With all-in costs projected at $1,400 USD per ounce, the operation promises substantial margins in the current gold price environment.The project benefits from existing infrastructure, including an operational mill that will initially run at only 40% capacity, creating future expansion opportunities. Multiple mining stopes are already prepared for immediate production once financing is finalized and workers are hired.Abcourt's strategy prioritizes extending the mine life before expanding production. As Hamelin explained: "Our focus will be 80% of the free cash flow, we'll go on Sleeping Giant to make sure that we're extending the life of mine."Beyond Sleeping Giant, the company holds a 500-square-kilometer land package with several earlier-stage assets that could eventually provide additional mill feed. With its modest market capitalization of approximately C$40 million, Abcourt presents a potential re-rating opportunity as it executes its transition to producer status during a favorable gold price environment.View Abcourt Mines' company profile: https://www.cruxinvestor.com/companies/abcourt-mines-incSign up for Crux Investor: https://cruxinvestor.com

Compass, episode 16Our previous interview: www.cruxinvestor.com/posts/silver-companies-merging-to-gain-scale-in-rising-market-7145Recording date: 20 May 2025Resource exploration companies operating in northern regions like Canada and Alaska follow a predictable seasonal pattern that creates potential investment opportunities for informed investors. According to experts Samuel Pelaez and Derek Macpherson from Olive Resource Capital, these "seasonal explorers" operate primarily during summer months due to weather constraints, creating a predictable annual cycle in both operations and stock performance.The cycle begins in late spring (May) when companies announce exploration programs and mobilize crews. Summer (June-August) brings active exploration with ongoing drilling programs and preliminary updates. By fall (September-November), companies release results from summer programs, often coinciding with major industry conferences. Winter and spring (December-April) see limited operational activity and news flow, typically resulting in declining share prices.A significant factor influencing this pattern is the structure of flow-through funding in Canada. Flow-through funds, which provide tax advantages to investors, often conduct raises in the fall that must be deployed by year-end. These investments typically have a four-month hold period, creating selling pressure around April when funds liquidate positions to return capital to investors.This selling pressure, combined with the natural lull in news flow during spring, creates potential buying opportunities for investors who understand the pattern. The experts suggest that 2025 presents unique circumstances, with the resource sector having stronger momentum than in previous years, particularly in copper and gold.For investors looking to capitalize on these patterns, the experts recommend identifying companies operating in areas with defined seasonal constraints, focusing on early-stage companies where the pattern is more pronounced, and considering companies with multiple assets that can maintain year-round news flow.Currently (May 2025), the experts suggest this may be an opportune time for entry positions in seasonal explorers, particularly in gold and copper, with potential exit opportunities in the fall when exploration results are reported.Sign up for Crux Investor: https://cruxinvestor.com

Uranium is on the edge of a once-in-a-generation supply shock, and prices could spike faster than in 2007. Ocean Wall CEO Nick Lawson and Director Ben Finegold tell Trey Reik why the market is set up for a parabolic move. From the “Putinization of uranium” (Russia's stranglehold on enrichment) to AI-hungry data centers that can only run on nuclear baseload, the squeeze is building fast. What we cover The 500 % surge in enrichment prices, and why oxide hasn't followed yet Hedge funds cornering supply (shades of 2006-07) How utilities are panic-buying enrichment first, uranium later Critical price thresholds: miners need $90-$120/lb to restart production Nick & Ben's highest-conviction tickers, from UEC to ASPI Isotopes Energy security, national defence, and the next tech wave all point to one metal: Uranium! Get Wealthion's and SCP Resource Finance's free report on Uranium and investment opportunities in the space, here: https://wealthion.com/uranium-investment-opportunities/ Chapters: 0:26 – Inside Ocean Wall 4:45 – From $150 to $18: What Crushed Uranium Last Time? 7:14 – The Last Uranium Mania: Lessons from the 2007 Spike 8:24 – Why Uranium Prices Stayed Frozen for a Decade 9:41 – The Uranium Awakening: What Changed After 2020 13:15 – Did Sprott Light the Fuse on the Uranium Rally? 16:02 – War, Sanctions & Supply Shocks: Was the Panic Real? 18:12 – The Putin Factor: How Geopolitics Weaponized Uranium 21:02 – Who's Driving Prices: Wall Street or Nuclear Utilities? 26:52 – Uranium 101: The Fuel Cycle Every Investor Must Know 31:40 – How to Invest in Uranium: Funds, Stocks, and More 37:14 – Mining Trouble Ahead? The Looming Supply Crunch 38:28 – Why Canadian Uranium Miners Could Be at Risk 39:47 – Are We Still Early? Timing the Uranium Opportunity 43:15 – Explosive Growth Ahead? The Case for a Price Surge 45:05 – Long-Term Bull Case: Why Uranium's Run Is Just Starting Volatility got you concerned? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/3SjpysG Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Uranium #NuclearEnergy #EnergyCrisis #Commodities #CleanEnergy #Geopolitics #UraniumStocks #AI #Enrichment #SupplyChain #EnergySecurity ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Interview withNick Earner, MD of Alkane ResourcesFrazer Bourchier, President & CEO of Mandalay ResourcesRecording date: 19th May 2025Alkane Resources (ASX:ALK) and Mandalay Resources (TSX:MND) have announced a strategic "merger of equals" that will create a significant mid-tier gold producer. The all-share transaction values Mandalay at A$559.1 million ($357.8 million), with Mandalay shareholders receiving 55% ownership of the combined entity and Alkane shareholders retaining 45%.The merged company will operate under the Alkane Resources name, trading on both the ASX and TSX exchanges. It will maintain a diversified portfolio of three producing mines - Tomingley (Australia), Costerfield (Australia), and Björkdal (Sweden) - with an anticipated annual production of 160,000-180,000 gold equivalent ounces.Financial projections for the combined entity are robust, including over $100 million USD in cash, zero debt, and approximately $200 million USD in annual free cash flow. This represents a cash flow multiple of approximately 3:1, compared to the industry standard of 4-5x EBITDA."This company will have over $100 million US in net cash positive with no debt," noted Frazer Bourchier, President and CEO of Mandalay Resources, highlighting the strong financial foundation of the merger.A key strategic rationale for the combination is achieving "capital relevance" through a pro-forma market capitalization of approximately $650 million USD. This scale should qualify the company for inclusion in both the ASX 300 index and the GDXJ (VanEck Junior Gold Miners ETF), potentially attracting institutional investors previously unable to invest due to size limitations.The merger has received unanimous board approval from both companies and secured voting support agreements from key shareholders. Shareholder votes are expected in June 2025, with transaction closing anticipated by August 2025.The combined entity will pursue a disciplined capital allocation strategy focused on organic exploration, M&A opportunities, and potential shareholder returns, operating with a philosophy of empowered site-level leadership and minimal corporate oversight.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Craig Foster, Founder & CEO of Ondo InsurTechRecording date: 15th May 2025Ondo InsurTech PLC is emerging as a leader in the insurtech sector with its proprietary water leak detection system, LeakBot. The company is addressing one of the home insurance industry's most significant challenges – water damage, which represents a $17 billion annual claims burden in the US alone with an average claim of $14,000.The LeakBot technology utilizes a patented temperature differential monitoring system that homeowners can easily install by clipping it to their main water pipe. The device measures the temperature of the incoming water pipe and compares it to the ambient temperature. When water isn't being used, these temperatures should equalize; a continuous differential indicates a leak. The system can detect leaks as small as 5 milliliters per minute without requiring professional installation.Insurance companies pay Ondo approximately $5 per month per customer for this service, which includes the hardware, software, and any plumber visits required to find and fix detected leaks. With water damage claims costing insurers about $220 per policy annually, the $60 yearly investment offers a compelling return on investment.The company has achieved significant market penetration with deployments in 151,000 homes and partnerships with 24 insurance companies globally. Ondo reported revenue of nearly £4 million for the fiscal year ending March, with annualized contracted recurring revenue approaching £6 million. Growth is particularly strong in the US market at 400% year-on-year.Ondo's financial trajectory shows a clear path to profitability, with expectations to reach EBITDA-positive trading by the end of the current fiscal year. The business model is designed for improving margins, starting with single-digit P&L margins in the first year but growing to 70-80% in subsequent years.With high customer satisfaction (80+ Net Promoter Score), strong insurance partner retention (100%), and an addressable market of 13-14 million potential customer homes through existing partners alone, Ondo InsurTech is well-positioned in the growing field of preventative insurance technology.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Alain Lambert, CEO of Prismo Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/prismo-metals-csepriz-junior-explorer-targets-deep-porphyry-system-in-arizonas-copper-triangle-6645Recording date: 23rd April 2025In a recent interview, Alain Lambert, CEO of Prismo Metals, shared insights on political developments and commodity markets affecting the mining sector. With over three decades of experience in junior capital markets since 1987, Lambert provided valuable perspectives for resource investors navigating current market conditions.Lambert predicts the upcoming Canadian federal election on April 28, 2025, will likely result in a Liberal majority government under Mark Carney, continuing similar policies to the Trudeau administration. He attributes this political shift to anti-American sentiment in Canada, particularly in response to comments from US President Trump about Canada becoming "the 51st state." Despite current US-Canada trade tensions, Lambert expresses confidence these issues will be resolved once the new Canadian government is formed.On US trade policy, Lambert views Trump's tariff strategy as a negotiation tactic aimed at reducing trade deficits, addressing government spending, and managing national debt. He anticipates these policies will ultimately benefit the US economy, predicting "an historical economic boom."Lambert references a March executive order directing US government departments to streamline approvals for critical mineral projects, including copper. This policy environment could accelerate development timelines and improve capital access for companies operating in the US resources sector.Regarding metals markets, Lambert acknowledges gold's dramatic price increase from approximately $2,000 to $3,400 over 15 months but expects a correction. He notes mid-cap producers have benefited from the price rally, while junior explorers haven't seen proportional gains. Lambert cautions that any gold price correction could disproportionately impact junior exploration companies.Lambert is particularly optimistic about copper market dynamics, highlighting artificial intelligence as a significant demand driver that is often overlooked. "One thing they don't talk about enough is the impact of AI on electricity demand and the need for more electricity," he stated, adding this factor could be "more pronounced than demand because of electric vehicles."Prismo Metals is strategically positioned with a large copper exploration target approximately 40km from the Resolution Copper project (Rio Tinto/BHP joint venture) in Arizona. Lambert reports significant interest from major mining companies in US copper projects, creating potential partnership opportunities for companies like Prismo in jurisdictions set to benefit from favorable policy developments and strong underlying copper demand.View Prismo Metals' company profile: https://www.cruxinvestor.com/companies/prismo-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview withJohn Cash, CEO of Ur-Energy Inc.Andre Liebenberg, Executive Director & CEO of Yellow Cake PLCRecording date: 14th May 2025The global uranium market is undergoing a fundamental transformation as a confluence of energy transition goals, geopolitical tensions, and new technology drives demand higher. Nuclear power, long sidelined in policy debates, is regaining momentum due to its ability to deliver carbon-free baseload power in a world increasingly powered by data centers, AI infrastructure, and electrification.Key markets like China and the U.S. are leading the resurgence. China alone is building 26 reactors, with more approved, while the U.S. is extending the life and output of existing plants. Beyond these, countries in the UAE, Canada, and Europe are revisiting nuclear as part of their decarbonization strategy. This results in a dual demand dynamic—growth from new builds and rising fuel requirements from uprates and life extensions.A new frontier of demand is also emerging. Small Modular Reactors (SMRs), designed for remote or off-grid applications, are being positioned to serve industrial projects and data centers needing secure, emissions-free energy. This aligns with a broader shift from nuclear being seen purely as a clean energy solution to one that also supports energy sovereignty and national resilience.On the supply side, the uranium sector is constrained. Permitting delays, technical bottlenecks, labor shortages, and long project lead times mean even elevated prices haven't sparked a broad production rebound. Industry leaders like UR Energy CEO John Cash and Yellow Cake CEO Andre Liebenberg point to the lack of conversion and enrichment capacity in Western markets as an additional hurdle. This underscores the need for multi-year investment in the full fuel cycle.Geopolitics are also tightening Western supply chains. Kazakhstan, the world's top uranium producer, is increasingly shipping material eastward, not out of hostility but practicality. Still, the result is a growing bifurcation in global uranium flows that further limits Western procurement options.As a result, institutional investors are being encouraged to view uranium as a structurally revaluing asset class rather than a cyclical commodity. Exposure can be taken through physical holders like Yellow Cake, which tracks uranium prices directly, or producers like UR Energy, which is already generating long-term contract revenue.Risks remain—chiefly around timing, geopolitical disruption, and capital market dynamics. Yet, with demand outpacing supply and investment requirements high, the uranium market appears poised for sustained long-term opportunity.Sign up for Crux Investor: https://cruxinvestor.com

AP Washington correspondent Sagar Meghani reports Iran is rejecting U.S. calls to stop enriching uranium.

Interview with Simon Marcotte, President & CEO of Northern Superior Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/northern-superior-resources-tsxvsup-consolidating-next-big-gold-camp-6910Recording date: 15th May 2025Northern Superior Resources (SUP) presents a compelling investment opportunity through its strategic consolidation of the Chibougamou Gold Camp in Quebec. The company has successfully transformed what was once five separate companies into a two-player district alongside major partner IAMGold, creating critical mass around a combined 12.4 million ounce resource base.The investment thesis centers on Northern Superior's superior asset quality at Filibert, which offers 15-18% higher grades (1.1 g/t) compared to IAMGold's flagship Nelligan deposit (0.95 g/t). More importantly, optimization analysis demonstrates that minor cut-off adjustments could improve Filibert's grade by 40% while retaining 90% of the ounces. This grade advantage becomes crucial for bulk tonnage operations where early cash flow determines project viability and payback periods.Recent exploration success reinforces the value proposition. Northern Superior's latest discovery of 18 meters grading 2.5 g/t gold, including 5 meters at 7 g/t, opens significant underground potential beneath existing open pit resources. This follows the successful model at Detour Lake, where underground expansion has delivered exceptional profitability through higher-grade material.The timing is optimal. IAMGold is approaching "cruise control" at their Côte Lake operation and management has indicated their focus will shift to Chibougamou development, targeting 15+ million ounces across the camp. With all assets within trucking distance and designed to feed a central processing facility, the camp's proximity economics create substantial synergies.Multiple value creation paths exist: organic development, optimization partnerships with IAMGold, or potential takeout as the camp advances toward development. Given junior gold stocks trading at historic lows relative to gold prices and the structural advantages Northern Superior has built within this emerging district, the company offers leveraged exposure to both the macro gold thesis and micro execution excellence.—View Nothern Superior Resources' company profile: https://www.cruxinvestor.com/companies/northern-superior-resources-incSign up for Crux Investor: https://cruxinvestor.com

Compass, episode 15Our previous episode: https://www.cruxinvestor.com/posts/exploration-financing-and-consolidation-fuel-mining-sector-optimismRecording date: 14th May 2025Recent developments in the mining sector show increasing M&A activity alongside robust Q1 performance, according to Olive Resource Capital executives Samuel Pelaez and Derek Macpherson.Pan-American Silver's $2.1 billion acquisition of MAG Silver represents a modest 27% premium but trades at approximately 16-17 times earnings compared to Pan-American's 12 times multiple. The executives indicated they've increased their MAG position following the announcement, speculating that Fresnillo—MAG's joint venture partner at the Juanicipio mine—could potentially make a competing offer given their $1.3 billion cash position.In another consolidation move, Silver47 and Summa Silver are merging in what the executives describe as a "creative transaction" that will create better scale and improve access to passive fund flows, with year-round exploration capabilities.Q1 reporting from major gold producers shows strong cash generation, with gold prices increasing approximately 12% from Q1 to Q2. This price improvement could translate to 30-35% growth in free cash flow for efficient operators.The executives highlighted AngloGold Ashanti as potentially undervalued, producing 720,000 ounces in Q1 with all-in sustaining costs of $1,640 per ounce. Despite generating roughly 30-50% less free cash flow than Agnico Eagle, AngloGold has only about half the market capitalization.K92 Mining was singled out as an exceptional growth opportunity, with funded expansion plans to increase production from 180,000 to approximately 400,000 gold equivalent ounces annually. At its current $2 billion market cap, K92 could potentially generate a 35% cash flow yield once Phase 4 is complete.The executives emphasize free cash flow (CFO + CFI) as the most reliable metric for evaluating mining companies, providing investors with a framework for analyzing companies in the current environment of elevated metal prices.Sign up for Crux Investor: https://cruxinvestor.com

Interview withMichael Walshe, Managing Director & CEO of MTM Critical MetalsSteve Ragiel, President of Flash Metals USAOur previous interview: https://www.cruxinvestor.com/posts/mtm-critical-metals-asxmtm-revolutionary-tech-could-supply-us-critical-gallium-needs-by-2025-6590Recording date: 15th May 2025MTM Critical Metals (ASX:MTM) has positioned itself for near-term production with several significant developments that strengthen its investment case. The company has secured a pre-permitted brownfield site in Texas's industrial corridor that bypasses lengthy regulatory processes, enabling commercial production by the end of 2025. This 20,000-square-foot facility of 40-foot ceilings provides immediate operational capacity and room for expansion."We have a very rapidly deployable technology. We can be running here in 8 months. And that compares favorably with mines and other refineries that will take 3-5 years," noted Steve Rio, President of U.S. Operations, highlighting a key competitive advantage that has garnered strong government interest.MTM's proprietary flash heating technology combines electrical-based energy with specialized chemistry to recover high-value metals like gallium and germanium from electronic waste and production scrap. The process is approximately 90% more energy efficient than conventional smelting techniques and allows for selective recovery of specific metals with over 90% purity.The company has established a robust commercial foundation with long-term supply agreements for electronic waste that include penalties for non-supply—a crucial provision that underpins their economic model. Similar agreements for gallium and germanium processing are being finalized with minimum floor prices to protect against market manipulation.MTM's dual business model includes a build-own-operate approach for high-value materials and a warranty-based licensing system for mineral processing applications. This strategy allows them to focus capital on high-margin opportunities while generating additional revenue streams. Recent meetings in Washington DC have yielded strong support from congressional representatives, with officials requesting MTM identify additional sites across different U.S. regions to establish geographic diversity in domestic metal recovery capabilities.For investors, MTM represents an opportunity to gain exposure to critical minerals with a faster path to revenue than traditional mining operations. The company's protected supply chain, energy-efficient technology, and alignment with national security priorities create a compelling investment case in a sector of growing strategic importance. The year-end commissioning target serves as a key milestone that could validate their innovative approach and potentially catalyze significant value creation.View MTM Critical Metals' company profile: https://www.cruxinvestor.com/companies/mtm-critical-metalsSign up for Crux Investor: https://cruxinvestor.com

SUBSCRIBE to 'On The Tape' YouTube: http://youtu.be/KGhR4WGAQ6w Apple: http://apple.co/3YGdXr9 Spotify: http://tinyurl.com/3kaxvtsy Danny Moses welcomes back former partners Porter Collins and Vincent Daniel from Seawolf Capital. The discussion begins with brief backgrounds of the guests and highlights from their careers, including their time at Goldman Sachs and founding Seawolf Capital. The conversation transitions into their perspectives on the current volatile market environment, where they discuss managing personal investments versus others' money, stock picking strategies, and the importance of upgrading portfolios during market downturns. The trio also delves into the impacts of tariffs, the importance of liquidity, and the role of gold and Bitcoin as safe-haven assets. They share their investment strategies in sectors like energy, financial services, and discuss specific stocks such as Sable Offshore and Uranium. The episode concludes with lighter topics including sports betting and their predictions for the PGA Championship and the Preakness. --ABOUT THE SHOWFor decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners. Follow Danny on X: @dmoses34 The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in 'On The Tape' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Interview with Kevin Smith, Non-Executive Director of Iris Metals Ltd.Recording date: 15th May 2025Iris Metals (ASX:IR1) presents a distinctive investment proposition in the lithium sector, focusing on speed-to-market in the United States through brownfield restart projects in South Dakota. Unlike many peers that require years of development and massive capital expenditure, Iris is advancing a permitted portfolio of hard rock spodumene assets with potential production by the end of 2026."This isn't your traditional dynamic of what you think of in a Western Australian style spodumene project where we're going to go drill for three or four years, build a huge resource, then raise a billion dollars off an FID and go build it," explains Kevin Smith, Non-Executive Director of Iris Metals. "We have a quick path to production by leveraging the operations that are already there."The company's strategic advantages begin with location. In a US market that currently imports 100% of its lithium requirements, Iris controls previously producing mines that operated during the Cold War era. These assets are already licensed and permitted, potentially eliminating years of regulatory hurdles that typically delay new mining projects.Iris employs a "hub and spoke" model centered around three primary project areas: Beecher (which already has a resource statement), Tin Mountain, and Edison. All three sites are currently being drilled, with updated resource estimates expected by fall 2025 to support a final investment decision.The US political landscape creates additional tailwinds. Recent tariffs on lithium imports, even from traditional allies like Canada, provide market protection for domestic producers. Combined with production tax credits, these policies create a protected ecosystem for US lithium development.From a technological standpoint, Iris avoids the risks associated with novel extraction methods by focusing on conventional hard rock mining – a proven approach widely used in established lithium producing regions. "We don't have to prove up a process flowsheet like the DLE guys," notes Smith. "We're going to use technology that's tried and proven in Western Australia and other places."The company claims several advantages that could contribute to a competitive cost structure, including very low strip ratios (potentially as low as 1:1), existing infrastructure, and proximity to workforce and services. These factors lead Iris to believe it can operate in "the bottom quartile of the cost curve" globally.Beyond mining, Iris has demonstrated the ability to produce battery-grade lithium compounds domestically through partnership with Indiana-based Reelement. Initial trials have reportedly produced 99.5% pure lithium carbonate – potentially enabling a complete US supply chain without sending material overseas for processing.For investors, upcoming catalysts include results from ongoing drill programs, trial mining activities to verify cost parameters, detailed engineering studies, and a potential OTC listing to improve accessibility for North American investors. The timeline to potential production appears relatively short compared to many lithium development peers, potentially offering a faster path to cash flow in a strategic jurisdiction.View Iris Metals' company profile: https://www.cruxinvestor.com/companies/iris-metals-limitedSign up for Crux Investor: https://cruxinvestor.com

Interview with Niël Pretorius, CEO of DRDGOLD Ltd.Our previous interview: https://www.cruxinvestor.com/posts/sustainable-gold-silver-producers-showcase-new-value-creation-model-6117Recording date: 13th May 2025DRDGOLD Limited (NYSE:DRD) has established a distinctive position in the gold mining industry with its innovative approach of recovering gold from historical mine tailings rather than conventional underground mining. This South African producer combines environmental remediation with profitable gold production in a waste-neutral business model that's proving particularly effective in today's strong gold market.Under CEO Niël Pretorius's leadership, DRDGOLD is executing a major infrastructure investment program to extend the operational life of its assets through 2040. The company recently completed a 60 MW solar power facility and is implementing a 180 MW battery energy storage system, addressing previous power challenges. Additional investments include new tailings storage facilities and expanded processing capacity at both its Ergo and Far West Gold Recoveries (FWGR) operations.What stands out about DRDGOLD's growth strategy is that it remains entirely self-funded. Strong gold prices have driven record performance, allowing the company to maintain its 18-year dividend streak while simultaneously funding its capital expansion program without external financing. By FY2028, DRDGOLD targets a combined processing throughput of 3 million tonnes per month and annual gold production of approximately 200,000 ounces.The company's ESG credentials are compelling. Rather than generating new mining waste, DRDGOLD processes legacy tailings and deposits them into modern facilities with superior environmental standards. This approach enables concurrent rehabilitation of mining sites and reduces final closure costs.DRDGOLD's business model offers several advantages over traditional mining operations. With approximately 5.5 million ounces of gold resources already above ground in tailings, the company faces minimal geological risk. Its engineering-focused approach emphasizes processing efficiency and consistent output, functioning almost like a gold-processing factory.The company maintains a no-hedging policy, providing investors with full exposure to gold price increases. This strategy aligns with broader macroeconomic trends supporting gold, including geopolitical tensions, inflation concerns, and growing interest in hard assets.DRDGOLD also prioritizes organizational continuity and talent development, with nearly half its workforce now comprising women and a new generation of young professionals advancing through the ranks. This stable management team and strong corporate culture support the company's long-term vision of optimized resource recovery coupled with responsible environmental stewardship.View DRDGOLD's company profile: https://www.cruxinvestor.com/companies/drdgold-limitedSign up for Crux Investor: https://cruxinvestor.com

Interview with Hayden Locke, President & CEO of Marimaca CopperOur previous interview: https://www.cruxinvestor.com/posts/marimaca-copper-tsxmari-de-risked-chilean-copper-developer-on-the-fast-track-to-production-6720Recording date: 12th May 2025Marimaca Copper is making substantial progress on two fronts in northern Chile's prolific copper belt. The company is finalizing the Definitive Feasibility Study (DFS) for its flagship Marimaca oxide project while simultaneously uncovering exciting exploration results at the nearby Pampa Medina project.Recent drilling at Pampa Medina has revealed a potentially transformative discovery with two stacked manttos (horizontal ore bodies) showing different styles of mineralization. The upper zone intersected approximately 80 meters at over 1.2% copper, including a higher-grade section exceeding 20 meters at roughly 2.5%. More significantly, deeper drilling encountered substantial visual bornite and chalcopyrite mineralization in the lower 300 meters, with assays pending."We now think that Pampa Medina has the potential to nearly double in size if there's continuous mineralization between the current Pampa Medina manto horizon out to the Pampa Medina Norte extension," explained Hayden Lock, President and CEO of Marimaca Copper. This expansion could substantially increase the strike length of the deposit. The mineralization bears similarities to Antofagasta's Cachuro discovery, which boasts a resource exceeding 300 million tons at over 1% copper.Marimaca is pursuing a pragmatic hub-and-spoke development strategy, with the flagship Marimaca oxide project serving as the central processing facility for multiple satellite deposits, including Pampa Medina and Madrugador. This approach aims to maximize capital efficiency while providing a clear path to significant production scale.The exploration success could significantly enhance the company's production profile. Current development plans target approximately 50,000 tons of copper annually from the Marimaca oxide project. However, integrating the satellite deposits could increase production to 70,000-75,000 tons, which would make Marimaca Copper the sixth largest copper project on the ASX according to Lock.Internal assessments suggest Madrugador and Pampa Medina together could contribute 20,000-25,000 tons annually for 13-14 years, even without additional exploration success. The company has commissioned an integration study from Stantec to validate the economic benefits of incorporating these satellite deposits into the development plan.Initial metallurgical indications for the Pampa Medina oxide material are encouraging, with data suggesting high acid solubility and potentially better recoveries than at the flagship Marimaca project. The company is balancing aggressive exploration ambitions with pragmatic capital management, focusing immediate drilling efforts on connecting the Pampa Medina Norte extension with the main deposit while conducting select deeper holes to test sulfide potential.For investors, Marimaca offers exposure to a copper development story with multiple near-term catalysts, including the completion of the DFS for the flagship project, pending assay results from deep drilling, and the integration study results. The company's advancing development timeline coincides with a period of favorable copper market fundamentals, characterized by accelerating demand and constrained supply growth.Marimaca's progress toward production, combined with its expanding resource potential, positions it as an increasingly significant player in the copper development landscape.Learn more: https://cruxinvestor.com/companies/marimaca-copperSign 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-leading-gold-producer-in-colombia-with-growth-plan-towards-400000-ozyr-6250Recording date: 12th May 2025Mineros SA (TSX: MSA), a Latin America-focused gold producer, is charting a path of disciplined expansion under newly appointed CEO David Londoño, a Colombian mining engineer with over 30 years of industry experience. With operations in Colombia and Nicaragua, the company produces gold through low-cost dredging and underground mining methods, generating $160 million in annual revenue and maintaining a strong cash balance of $81 million. It also rewards shareholders with a stable 10-cent annual dividend.In Colombia, Mineros uses an environmentally friendly dredging process powered by hydroelectric energy, which allows for simultaneous gold recovery and land reclamation. In Nicaragua, operations are set to expand following the approval of a new mine at Porvenir, which could boost regional output by 50,000–60,000 ounces annually.A hallmark of Mineros' strategy is its integration of artisanal miners into the supply chain—an initiative that supports local communities while enhancing the grade of processed ore. With this social license and local expertise, the company is evaluating acquisitions across Latin America, targeting 70,000 to 130,000-ounce-per-year assets that complement its current footprint.Londoño is focused on margin discipline and performance. “We don't control the price, but we control the costs and our performance,” he stated. With improved market visibility and a rising share price, Mineros is positioning itself as a cost-effective, socially conscious, and dividend-paying gold producer with room to grow. The company's strategic focus on value-driven expansion and operational excellence highlights its potential as a standout mid-tier player in the Latin American gold sector.View Mineros SA's company profile: https://www.cruxinvestor.com/companies/mineros-saSign up for Crux Investor: https://cruxinvestor.com

Interview with Ian Harris, President & CEO of Outcrop Silver & Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/outcrop-silver-tsxvocg-why-eric-sprott-holds-199-of-this-high-grade-silver-opportunity-6786Recording date: 12th May 2025Outcrop Silver & Gold (TSXV: OCG) is advancing one of the highest-grade primary silver projects globally, with CEO Ian Harris leading a disciplined approach to resource expansion and valuation growth.The company currently holds 37 million ounces of silver and aims to reach at least 60 million ounces in the near term, with ambitions to exceed 100 million ounces within the next 18-24 months. This expansion is supported by a fully-funded $12 million drill program, which has already delivered promising results including intercepts of "20 meters at 992 grams per tonne silver."Harris emphasizes a strategic approach that decouples valuation from volatile silver prices, focusing instead on creating measurable returns through resource expansion for every dollar invested. This disciplined stance aims to mitigate dilution risks while ensuring consistent growth regardless of market fluctuations.The company is pursuing a "starter-scale" development strategy, planning a smaller initial operation to reduce capital requirements and accelerate cash flow generation. This approach mirrors successful models in the gold sector, providing a more accessible pathway to production in today's challenging financial environment.The broader macroeconomic backdrop offers supporting factors for silver demand, including global debt accumulation and shifts away from the US dollar toward alternative assets. These trends potentially strengthen the fundamental case for silver investments over the medium-to-long term.In the current M&A landscape, Harris notes that acquisitions primarily reward producing assets rather than exploration-stage projects, underlining Outcrop's strategy to advance quickly toward initial production to enhance its strategic appeal.With strong exploration results underpinning near-term valuation catalysts and a clear pathway to growth, Outcrop Silver & Gold represents a disciplined approach to silver resource development in a market increasingly favorable to precious metals investments.View Outcrop Silver & Gold's company profile: https://www.cruxinvestor.com/companies/outcrop-silver-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Juan Garcia Valledor, GM Spain of Pan Global Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/pan-global-resources-tsxvpgz-poised-to-thrive-in-the-coming-copper-boom-6794Recording date: 13th May 2025Pan Global Resources (TSXV: PGZ) is making significant progress on its copper, tin, and gold exploration portfolio across Spain. Led by an experienced mine-building team, the company is advancing multiple promising projects with a clear development roadmap.The flagship La Romana deposit continues to expand, now extending 1.7 km in strike length with consistent copper and tin mineralization. With nearly 190 drill holes completed, Pan Global is approaching a maiden resource estimation expected in 2025, followed by a Preliminary Economic Assessment in 2026. Company leadership is confident that "La Romana is clearly in the way to be a mine."Recent drilling at La Pantoja, 500 meters west of La Romana, intersected high-grade copper (1.5%) and tin (0.1%), potentially extending the resource footprint. Meanwhile, exploration at the northern Cármenes and Profunda projects has revealed impressive gold values exceeding 3g/t over 37 meters and copper samples grading over 5%.Pan Global's strategic advantage comes from its location in Andalusia, one of Europe's most mining-friendly jurisdictions with supportive local communities and administration. The Spanish government is developing a new mining exploration framework, with Pan Global contributing to the process.The company's approach differs from typical grassroots explorers, with a management team that includes multiple mining engineers preparing for development phases. Environmental and social groundwork is already underway, reflecting the company's commitment to responsible practices.With 7,000 meters of drilling planned for 2025 and multiple high-potential targets within trucking distance of each other, Pan Global envisions potentially consolidating several deposits into a standalone mining operation, with alternative options including toll milling at nearby facilities.As Europe seeks secure sources of critical minerals for electrification and decarbonization, Pan Global's multi-metal portfolio in an EU-aligned jurisdiction offers a compelling investment case amid structural supply constraints for copper and increasing demand for tin in technology applications.View Pan Global Resources' company profile: https://www.cruxinvestor.com/companies/pan-global-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Major, CEO of Krakatoa Resources Ltd.Our previous interview: https://www.cruxinvestor.com/posts/krakatoa-resources-kta-hopeful-gold-explorer-next-to-australias-largest-gold-mine-323Recording date: 13th May 2025Krakatoa Resources (ASX:KTA) is rapidly advancing its Zopkhito antimony-gold project in Georgia, targeting a JORC-compliant resource by early 2026. With antimony increasingly recognized as a critical mineral due to its importance in defense, renewable energy, and industrial sectors—and global supply dominated by China, Russia, and Tajikistan—Krakatoa's project has drawn investor attention for its strategic potential and high grades.Originally explored by Soviet geologists, Zopkhito boasts historical grades averaging 11.6% antimony—far above the global average of around 1.3%. CEO Mark Major emphasized the urgency of diversifying antimony supply, noting, "It is not a recyclable element—you use it, you lose it." Krakatoa aims to leverage this exceptional grade and decades of existing data to fast-track validation through a 7,000–10,000 meter drill campaign beginning mid-2025, with JORC-compliant results expected by Q1 2026.The company plans to raise AUD 2 million, focusing on long-term investors aligned with its vision of transitioning from confirmation to early-stage production within two years. A small-scale antimony concentrate operation is being considered to capitalize on near-term price strength, with gold offering longer-term upside.Georgia's supportive mining laws and existing permits at Zopkhito present a significant regulatory advantage. Krakatoa's strategy—centered on high-grade mineralization, reduced exploration risk, and early cash flow—positions it as a compelling entry point into the critical minerals market. As global powers seek secure antimony supply chains, Krakatoa's Western-aligned, high-grade asset offers both strategic relevance and economic promise.View Krakatoa Resources' company profile: https://www.cruxinvestor.com/companies/krakatoa-resourcesSign up for Crux Investor: https://cruxinvestor.com

Interview with Malcolm Dorsey, President & CEO of Torr Metals Inc.Recording date: 13th May 2025Torr Metals (TSXV:TMET) is a Canadian exploration company preparing for its maiden drill program at the Kolos Project in southern British Columbia—a road-accessible copper-gold porphyry target located near major producing mines like New Afton and Highland Valley. With strong early indicators including high-grade surface samples and a 1,300m x 800m geophysical anomaly at the Bertha Zone, Torr is targeting up to 3,000 meters of drilling in 2025.The Kolos Project benefits from exceptional infrastructure: it lies along Highway 5, 30 minutes from a lab in Kamloops, and requires no seasonal camp. This accessibility dramatically reduces costs and supports fast assay turnaround. CEO Malcolm Dorsey emphasizes that Kolos exhibits “a very large zone of hydrothermal alteration and mineralization,” consistent with porphyry systems sought by major miners.Torr's land position is strategically located within a competitive mining district. Majors like Teck, New Gold, Hudbay, Fortescue, and Boliden have recently staked nearby, signaling rising interest in the area. With New Afton and Highland Valley approaching end-of-life within 6–15 years, a discovery at Kolos could serve as a future feedstock source for local mills.Beyond Kolos, Torr offers exploration optionality with two additional projects: the Filion Gold Project in Ontario, featuring high-grade historic samples, and the Latham copper-gold project in northern BC, both aligned with the company's low-cost, highway-accessible strategy.With just 42 million shares outstanding, a ~$6M market cap, and 25% insider ownership, Torr Metals provides investors with high-leverage exposure to copper-gold discovery. As electrification drives long-term copper demand and supply tightens, Torr is positioned as an emerging junior in a region that majors are watching closely.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Selby, CEO of Canada NickelOur previous interview: https://www.cruxinvestor.com/posts/canada-nickel-tsxvcnc-crawford-project-advances-with-feed-completion-eyes-2025-construction-6791Recording date: 13th May 2025Canada Nickel Corporation (TSX: CNC) presents a compelling investment opportunity as it advances North America's most promising nickel project in the face of unprecedented government support and institutional capital returning to the mining sector. CEO Mark Selby's leadership has positioned the company to capitalize on what he describes as "the world's largest nickel sulfide district" in Timmins, Ontario, with the flagship Crawford project now approaching a construction decision after completing its FEED study and progressing through permitting.The company's innovative financing strategy has set it apart during challenging capital markets, executing its fourth successful bridge financing arrangement to avoid dilutive equity raises while maintaining project momentum. Recent financing totaling $39-40 million, including a groundbreaking partnership with TTN First Nation, demonstrates management's ability to access capital through non-traditional channels. This approach recognizes the fundamental shift in mining finance, where actively managed funds have "shrunk very dramatically over the last 15 years" and become concentrated in gold, copper, and silver.Political tailwinds have never been stronger for critical mineral projects in North America. The Trump administration's supply chain security focus, combined with Canada's new government under Carney promising to accelerate critical mineral development, creates multiple funding pathways for projects like Crawford. The Canadian government has established numerous funding programs worth billions, though deployment has been slow until now. With both governments prioritizing critical mineral security and upcoming USMCA renegotiations, Canada Nickel is positioned to benefit from what Selby describes as "monster bold steps forward" in government support.Unlike many nickel companies dependent solely on the EV market, Canada Nickel has strategically designed its operations for market flexibility. The company can direct 100% of production to the stainless steel and alloy markets, which continue to show strong growth (China's 300 series stainless production up 12% year-over-year), while maintaining optionality for EV sales through its Samsung SDI offtake agreement. This diversification provides crucial revenue stability as some automotive manufacturers, including Honda, reassess their EV timelines.Perhaps most significantly for near-term share price performance, generalist institutional investors are returning to mining after a decade-long absence. Selby reports that recent conferences included multiple meetings with generalist funds, representing a fundamental shift from resource-only investors. These funds see relative value in a sector trading at "5 and 10% of NPV" compared to broader markets at high multiples. When generalist capital moves from "0.05% of assets to 0.1% to 0.25%," it creates what Selby describes as "a tidal wave of capital."The company has outlined a comprehensive $3 billion funding package with multiple committed sources including $500 million from Export Development Canada, $600 million in refundable tax credits, $100 million from Samsung, and additional potential funding from European agencies and Canadian government programs. With permitting on track for year-end completion and detailed engineering advancing, Canada Nickel is positioned to make its final investment decision and benefit from first-mover advantage in one of the world's most promising nickel districts.For investors, Canada Nickel represents exposure to critical mineral supply chain security, innovative financing structures, and the convergence of government support with returning institutional interest—all while maintaining operational flexibility that provides downside protection in volatile markets.—View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com

Interview with Rory Quinn, President & CEO of Yukon MetalsRecording date: 12th May 2025Yukon Metals Corp. (CSE: YMC) is an emerging mineral exploration company advancing a trio of high-priority projects in Canada's Yukon Territory—Star River, AZ, and Birch. Backed by ~$17 million in cash and the support of industry veterans including the Berdahl family (founders of Snowline Gold) and Keith Neumeyer, Yukon Metals is targeting transformative discoveries in 2025.Formed in 2024 from a private portfolio of 17 properties built over two decades, Yukon Metals is led by CEO Rory Quinn, a former Wheaton Precious Metals executive. The company has strategically narrowed its focus to three core assets based on grade potential, accessibility, and geological indicators. These projects benefit from proximity to year-round infrastructure, giving the company a cost and logistics edge in a traditionally challenging region.Star River is Yukon's flagship, offering surface samples with up to 11,000 g/t silver and 101 g/t gold, supported by overlapping geophysical anomalies suggestive of a large carbonate replacement system. AZ is a copper-gold target with a 1.2 km gossan zone and trenching results up to 10.3% Cu, while Birch hosts geochemical signatures of an intact porphyry system near the Casino district.The company plans to drill 9,000 meters across all three projects in 2025, with initial results from Star River expected to serve as the key catalyst. Supported by disciplined capital allocation, minimal holding costs on its wider property portfolio, and strong shareholder alignment, Yukon Metals is well-positioned to make a meaningful discovery in a resurgent exploration environment.In a macro climate where secure, high-grade metal sources are increasingly prized, Yukon Metals' infrastructure-accessible, high-potential assets offer compelling exposure to gold, silver, and copper in one of Canada's most promising jurisdictions.View Yukon Metals' company profile: https://www.cruxinvestor.com/companies/yukon-metalsSign up for Crux Investor: https://cruxinvestor.com

District Metals (TSX.V:DMX - OTCQB:DMXCF - Nasdaq First North:DMXSE SDB) has secured its largest financing to date - a fully subscribed $6 million private placement, priced at $0.27 per share under the LIFE (Listed Issuer Financing Exemption) offering.   President and CEO Garrett Ainsworth joins me to provide insights into the raise, investor interest, and how this funding strengthens District's position heading into a critical phase of uranium exploration in Sweden.   Key topics discussed include: The strategic nature of the raise, with ~$3M coming from a well-known but undisclosed investor group and the rest from Swedish family offices and funds. The financing's objective to expand the Nasdaq shareholder base and support near-term exploration across five Swedish uranium properties. Details on upcoming airborne geophysical and radiometric surveys, and the news flow expected this summer. Commentary on the pending judicial review and September vote to lift Sweden's uranium moratorium. Market reaction and strong demand: the financing was oversubscribed with $9M in interest and no warrants attached. Recap of the recent Viken resource estimate, the second-largest uranium resource globally. Upcoming catalyst: Judicial review of uranium moratorium legislation expected in May; Swedish Parliament vote in September 2025, airborne geophysics on the uranium projects.  Click here to visit the District Metals Website

Interview with Paul Andre Huet, CEO, and Oliver Turner, Corporate Development of Americas Gold & SilverOur previous interview: https://www.cruxinvestor.com/posts/americas-gold-silver-eric-sprotts-silver-camp-reboot-6965Recording date: 12th May 2025Americas Gold & Silver (TSX:USA) is experiencing a dramatic transformation under new leadership, positioning itself as a premier turnaround opportunity in an increasingly consolidated silver sector. Since December 2024, CEO Paul Huet and his management team have implemented strategic reforms that have already attracted significant institutional interest.The company's institutional ownership has surged from just 8% to 58% in under six months, reflecting growing investor confidence in the new direction. This dramatic shift coincides with the company's recent addition to the SIL index, providing automatic exposure to major funds like BlackRock and T. Rowe Price, with GDXJ inclusion targeted for September 2025.At the heart of this revival is the historic Galena Complex in Idaho, which once produced 5 million ounces of silver annually but has averaged only 1.3 million ounces over the past decade. Management is implementing modern mining methods, including reintroducing long hole stoping for the first time in ten years, aimed at restoring production to previous peak levels.Recent drilling results have reinforced this optimism, with a newly discovered "34 Vein" returning impressive grades of 983 g/t silver over 3.4 meters. To capitalize on these opportunities, the company is pursuing debt financing for critical infrastructure improvements, including a pastefill plant, remote control equipment, and shaft upgrades to more than double hourly capacity.The investment thesis is further strengthened by the dwindling number of pure-play silver producers available to investors. Following recent acquisitions like Pan American's $2.1 billion purchase of Mag Silver at 1.6x NAV, fewer than 10 significant silver-focused companies remain, creating potential scarcity value.Huet, who previously led a successful turnaround at Kurora where production increased fivefold, has personally invested significantly alongside other executives. The team emphasizes that Americas Gold & Silver offers both operational improvement potential and leverage to silver prices, which they believe could reach $35-40 per ounce.With a 100-day track record showing tangible operational improvements and strong technical progress underground, the company is executing a proven playbook in a sector where consolidation continues to reduce investment options, making Americas Gold & Silver an increasingly rare opportunity in the silver mining space.View Americas Gold and Silver's company profile: https://www.cruxinvestor.com/companies/americas-gold-silver-corporationSign up for Crux Investor: https://cruxinvestor.com

Trader Ferg feels the pain when it comes to investing in uranium, and he fully believed that we'd be in a raging bull market by now that would be creating generational wealth. Is there still opportunity in the sector or is the thesis truly dead and buried? Ferg also goes in depth on oil and gas, coal, gold mining stocks, and much more.Subscribe to the TRENDS Journal: https://trendsjournal.com/subscribe (Use coupon code COMMODITY for 10% off)Trader Ferg Substack: https://traderferg.substack.comFollow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture

Keith Bodnarchuk, President and CEO of Cosa Resources Corp (TSX-V: COSA) (OTCQB: COSAF), joins us to review the news released on April 30th, 2025 announce that airborne geophysical surveying has commenced at the Astro Uranium Project.  We also discuss the upcoming summer drilling planned at the high-priority Murphy Lake North JV Project in the Athabasca Basin of Saskatchewan.   The geophysical survey work is being fully funded by Cosa's partner company, Global Uranium Corporation as per the option agreement, which gives Global the right to earn up to an 80% interest in the Astro project over five exploration stages.  Keith discusses this project's proximity to their Ursa Uranium Project, which the Company did a lot of work on last year, and he reviews the prolific uranium mineralization trend this is part of.   Next we shifted over to the upcoming summer drilling at the Murphy Lake North Uranium Project, following up on the 4 holes drilled in the winter program.  Murphy Lake North contains up to 2 kilometres strike length of the extension of geology underpinning the Hurricane deposit. Murphy Lake North is a joint venture between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) and is located in the eastern Athabasca Basin, Saskatchewan. The other high priority target in the joint venture is the Darby Project. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.   If you have any questions for Keith regarding Cosa Resources, then please email them in to me at Shad@kereport.com.     Click here to follow the most recent news from Cosa Resources

Interview with Justin van der Toorn, President & CEO of Greenheart Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/greenheart-gold-tsxvghrt-proven-team-pursues-new-gold-discoveries-in-guyana-6280Recording date: 8th May 2025Greenheart Gold is an emerging gold explorer focused on early-stage discovery in the Guiana Shield, spanning Guyana and Suriname. Formed as a spin-out from Reunion Gold and G-Mine Adventures, the company is led by CEO Justin van der Toorn and staffed by a proven technical team from Reunion. Greenheart pursues a rigorous, data-driven strategy—advancing only those targets with clear signs of mineralization while rapidly dropping underperformers.The company is actively exploring five projects, including Majorodam and Igab in Suriname, and Tamakay, Abuya, and Tosso Creek in Guyana. At Majorodam, early RC drilling yielded standout intercepts such as 6m at 8–9 g/t Au and 30m at 2 g/t Au. The site's favorable access and geological setting prompted the team to move quickly from soil sampling to drilling, bypassing traditional trenching due to surface conditions. At Igab, located near Newmont's Merian mine, widespread anomalies and visible gold suggest a high-potential discovery zone.In Guyana, the company has shown discipline by reducing its footprint at Tamakay after inconclusive geochemical results, while continuing focused work in historically mined zones. At Tosso Creek, early soil anomalies and structural indicators have positioned the project for a LIDAR survey and follow-up drilling in 2025.Greenheart's outsourced data management ensures QA/QC integrity, reinforcing confidence in its exploration process. With strong financial backing, road-accessible projects, and proximity to major operations, Greenheart is well-positioned to deliver meaningful results in a region known for untapped gold potential. For investors seeking early-stage leverage to discovery in one of the world's most prospective gold terrains, Greenheart Gold offers a disciplined and technically robust platform for growth.View Greenheart Gold's company profile: https://www.cruxinvestor.com/companies/greenheart-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with George Salamis, President & CEO of Integra Resources Corp.Our previous interview: https://www.cruxinvestor.com/posts/integra-resources-tsxvitr-strong-q1-gold-production-61m-cash-position-7023Recording date: 8th May 2025Integra Resources is transforming from a development company into a U.S.-based gold producer following its acquisition of Nevada's Florida Canyon mine in late 2024. The company now balances a producing asset with two development-stage projects, including its flagship Delamar project in Idaho.At Florida Canyon, Integra has launched a strategic 10,000-meter drill program targeting mine life extension. The campaign focuses on previously underexplored areas including historical mine dumps, zones between existing pits, and lateral extensions. CEO George Salamis describes these targets as "low-hanging fruit" with potential to consolidate multiple smaller pits into larger operations.A key advantage in Integra's approach is self-funding exploration through operational cash flow from Florida Canyon, reducing dependency on capital markets and avoiding shareholder dilution. This financial independence allows the company to execute multi-phase exploration without needing additional equity raises.The current gold price environment creates opportunities to reprocess previously uneconomic low-grade material that was mined when gold traded at $1,000-$1,200 per ounce. Salamis believes the updated resource estimate expected by early 2026 could extend mine life from six to potentially eight or nine years.Beyond immediate operations, Integra controls a highly prospective 10-kilometer trend and plans to begin regional drilling in late 2025, synthesizing decades of historical data with expert input from former exploration managers.The company is benefiting from a favorable U.S. policy environment that increasingly views domestic gold production as strategically important. Salamis reports unprecedented regulatory support, with officials suggesting ways to accelerate permitting from "five to seven years" down to "a year or two."This dual approach of extending existing operations while exploring regional potential positions Integra to appeal to both production-focused investors seeking cash flow and margins, and exploration-oriented shareholders looking for discovery upside in a supportive regulatory environment.View Integra Resources' company profile: https://www.cruxinvestor.com/companies/integra-resourcesSign up for Crux Investor: https://cruxinvestor.com

A kind of lazy episode recorded the day after our live show. We read a bunch of letters to the editor of the Des Moines Register. Sad. Call us at (319) 849-8733! Go here for full episode notes: https://www.patreon.com/posts/128562996 https://rockhardcauc.us

Interview with Gwen Preston, VP Communications of West Red Lake Gold Mines Ltd.Our previous interview: https://www.cruxinvestor.com/posts/actual-gold-mine-builders-discussing-the-reality-vs-theory-of-getting-into-economic-production-7040Recording date: 7th May 2025West Red Lake Gold Mines (TSXV: WRLG) is poised to restart production at its flagship Madsen gold mine in Red Lake, Ontario by mid-2025. After a comprehensive two-year turnaround effort, the company has successfully validated its mining plan through a 15,000-tonne bulk sample that closely matched predicted grades and tonnage.Mining operations are already underway with stockpiles being accumulated to ensure a smooth production launch. The company plans to begin at 600 tonnes per day, ramping up to 800 tonnes per day by the end of 2025, with future expansion potential given the mill's 1,100 tonne per day capacity.The bulk sample generated over $8 million USD in revenue while confirming the accuracy of the company's geological model. This success comes after WRLG completed 90,000 meters of definition drilling since 2023, addressing issues that led to the mine's previous operational failure under different ownership.Current elevated gold prices, now significantly higher than the $1,680/oz used in previous planning, have allowed the company to expand stope sizes and reduce cut-off constraints. This improved economics has shifted mining preferences toward more cost-efficient long-hole stoping methods.The project boasts strong metallurgical performance with 95% gold recovery rates and competent host rocks that reduce geotechnical risks. Regular updates, including drill results every six weeks, are planned as the company progresses toward full production.West Red Lake Gold Mines represents an attractive investment opportunity as a near-term producer with a validated resource model, strong gold price tailwinds, low technical risk, scalable infrastructure, visible cash flow, and compelling valuation. The company is strategically positioned to deliver ounces into a favorable gold price environment while competitors face capital constraints and project delays.View West Red Lake Gold Mines' company profile: https://www.cruxinvestor.com/companies/west-red-lake-gold-mines-incSign up for Crux Investor: https://cruxinvestor.com

Interview withHayden Locke, President & CEO of Marimaca Copper Corp.Hugh Agro, President & CEO of Revival Gold Inc.Recording date: 7th May 2025Despite gold trading at record highs above $3,000 per ounce, development-stage gold companies are taking a notably disciplined approach to project advancement. Companies like Revival Gold and Marimaca Copper are adopting phased, low-capital expenditure models that prioritize financial prudence over aggressive expansion.This strategic shift represents a departure from the previous cycle's "build it big, sell it later" mentality that often led to project failures when funding disappeared or buyers never materialized. Instead, these companies are embracing the Australian model of bootstrapping manageable, lower-risk development stages that generate cash flow earlier.Revival Gold's Beartrack-Arnett project exemplifies this approach, beginning with a heap-leach operation that allows for production with minimal capital intensity while maintaining expansion potential. Similarly, Marimaca Copper is right-sizing its Chilean copper oxide project to match realistic financing capabilities rather than pursuing billion-dollar developments.Despite current gold prices, most producers continue modeling reserves at conservative $1,400-$1,500 levels, showing industry-wide reluctance to assume high prices will persist. This discipline has contributed to a limited supply response, potentially supporting continued price strength.In today's challenging financing environment, these companies are securing capital through strategic partnerships with aligned investors rather than relying solely on public equity markets or high-cost financing structures. Revival Gold and Marimaca have partnered with long-term backers like Greenstone and Dundee Corporation, respectively.For investors, the opportunity lies in identifying gold developers with experienced management teams, capital discipline, thoughtful project scaling, and aligned strategic investors. As gold maintains its role as a store of value amid economic uncertainty, development-stage companies with credible paths to production offer exposure to the next generation of gold supply with significant potential for value creation—provided they maintain their disciplined approach to development and financing.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Ian Cockerill, CEO of Endeavour Mining PLCOur previous interview: https://www.cruxinvestor.com/posts/endeavour-mining-tsxedv-expanding-margins-and-quality-growth-4531Recording date: 7th May 2025Endeavour Mining, one of West Africa's premier gold producers, is reporting exceptional performance under CEO Ian Cockerill, who took the helm in January 2024. The company generated $411 million in free cash flow in Q1 2025, marking its fifth consecutive quarter of improved results.Cockerill has implemented a streamlined "4E" strategy—Employees, Excellence, Exploration, and Expansion—focusing on operational efficiency and disciplined cost management. Despite industry-wide inflation, Endeavour has maintained stable costs over six quarters through initiatives like centralized procurement.The company offers investors a rare combination of high yield and substantial growth potential. With a dividend yield of approximately 6% and planned production growth of 30-35% by 2030, Endeavour appeals to both income-focused and growth-oriented investors. In 2024, the company returned $277 million to shareholders and has already guaranteed a $225 million dividend for 2025, with additional share buybacks expected.Driving Endeavour's growth strategy is the Assafou project in Côte d'Ivoire, described as "the best discovery in West Africa over the last decade." This tier-one asset holds 4.3 million ounces in reserves with a 15-year mine life and is expected to produce over 350,000 ounces annually at an all-in sustaining cost below $1,000 per ounce.Exploration remains central to the company's approach, having discovered nearly 20 million ounces in the past eight years at under $25 per ounce. Current production stands at approximately 1.2 million ounces annually from five mines across three West African jurisdictions, with plans to reach 1.5 million ounces per year by 2030.While acknowledging perceived risks in West Africa, Cockerill emphasizes Endeavour's long-standing local relationships and operational stability. The company's valuation gap has been narrowing since Q4 2024 as market confidence grows in both its current performance and future prospects.View Endeavour Mining's company profile: https://www.cruxinvestor.com/companies/endeavour-miningSign up for Crux Investor: https://cruxinvestor.com

Compass, episode 14Our previous interview: https://www.cruxinvestor.com/posts/gold-stocks-show-strong-growth-as-markets-pause-7048Recording date: 6th May 2025Olive Resource Capital has reported a strong start to 2025, achieving a net portfolio gain of approximately 23–24% through April. The performance is attributed to significant gains in key gold and copper holdings, with standout contributions from Omai Gold Mines and Troilus Gold, both of which have nearly doubled in value. Arizona Sonoran, a copper-focused investment, also added to the momentum with a 30% gain, supported by rising investor interest and developments such as Hudbay's strategic involvement.The firm maintains over 50% of its portfolio in precious metals, favoring advanced-stage assets with clear paths to production or acquisition. Their investment strategy distinguishes between two categories: fundamental holdings, like Omai and Arizona Sonoran, which are held based on valuation and long-term potential; and liquid positions, consisting of larger-cap gold equities that can be adjusted in response to market conditions.A significant portion of the recent episode of Compass, the firm's investor show hosted by Executive Chair Derek Mcpherson and CEO Sam Pelaez, focused on sector-wide trends—particularly consolidation and capital flows. The duo discussed Gold Fields' $2.4 billion acquisition of Gold Road Resources. While the transaction's ~$600/oz valuation appears above historical averages, they noted that the quality of the Gruyere project and the premium jurisdiction of Western Australia may justify the pricing, especially in a potentially rising gold price environment.Equally notable was the discussion around Southern Cross Consolidated's C$120M+ equity financing. As a pre-resource exploration company, such a capital raise is rare and considered a strong signal of renewed appetite for high-grade gold systems. Sunday Creek, Southern Cross's flagship asset in Victoria, has delivered encouraging exploration results and now has the funding runway for aggressive drilling over the next two years. Olive had previously held shares in Mawson Gold, Southern Cross's predecessor, and exited with a 100% return.Finally, the team highlighted Australia's increasingly dominant role in mining market activity. With major takeovers, robust fundraising, and strong equity performance across top producers, the pace of development there contrasts with a slower environment in Canada.For investors, the message is clear: the resource sector is experiencing renewed momentum. Strategic positioning in advanced-stage projects, particularly in strong jurisdictions, may offer the most resilient upside as capital re-engages with the sector.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Lon Shaver, President of Silvercorp Metals and Michael Konnert, President & CEO of Vizsla Silver Corp.Recording date: 7th May 2025The silver market is experiencing its fifth consecutive year of structural deficit, creating a compelling investment case as demand continues to outpace supply. This imbalance stems from the challenges inherent in developing new silver mines—including permitting hurdles, financing difficulties, and extended development timelines—while production costs rise at roughly 8% annually.Unlike many commodities, silver benefits from dual demand drivers. Industrial usage, particularly in solar energy applications, continues to grow alongside global decarbonization efforts. Simultaneously, investment demand is rising, with the World Silver Survey projecting a 7% increase this year as investors seek alternatives amid economic uncertainty and following gold's upward trajectory.Primary silver producers like Silvercorp Metals and developers such as Vizsla Silver are capitalizing on these favorable conditions. Vizsla's Copala Panuco project in Mexico demonstrates exceptional economics with a projected payback period under six months at current prices, while Silvercorp is leveraging its cash flow from Chinese operations to construct a second project in Ecuador, slated for commissioning in late 2026.Both companies emphasize disciplined capital allocation and operational excellence. Despite having robust growth pipelines, they maintain conservative balance sheets while pursuing strategic expansions. This approach has enabled them to secure financing on favorable terms as investor sentiment shifts positively toward the sector.Geopolitical trends are increasingly favorable to mining in key jurisdictions like Mexico, Ecuador, and Canada, where governments recognize the economic benefits of resource development. Vizsla notes that its operations could eventually support up to 1,000 direct and indirect jobs, highlighting mining's contribution to local economies.While ESG considerations are less headline-grabbing than in recent years, they have become standard practice for well-managed companies. Both Silvercorp and Vizsla integrate sustainable operations and community engagement as core business functions, improving their appeal to institutional investors.Despite the favorable macro environment, silver equities have not yet fully priced in the underlying commodity dynamics, suggesting potential upside for investors. As broader capital markets reengage with the commodity sector, silver equities—offering both industrial utility and monetary potential—represent an underappreciated opportunity for investors seeking fundamentally supported long-term growth.Learn more: https://cruxinvestor.com/categories/commodities/silverhttps://cruxinvestor.com/companies/vizsla-silver-corphttps://cruxinvestor.com/companies/silvercorp-metalsSign up for Crux Investor: https://cruxinvestor.com

In this week's Talking Wealth Podcast, Janine puts down her boxing gloves to dive deeper into a few uranium stocks to explore both the risks and opportunities. Should you treat these stocks differently when considering a trade?www.wealthwithin.com.au

Sponsor Links:NordVPN - For the special SpaceTime NordVPN deal with extra free months, a huge discount and 30 day money back guarantee visit www.nordvpn.com/stuartgaryInsta360 X5 Camera. To bag a free invisible selfie stick worth US$24.99 with your purchase, head to store.insta360.com and use the promo code "spacetime", available for the first 30 standard package purchases only.This episode of SpaceTime dives deep into the cosmos, revealing groundbreaking insights into the origins of heavy elements and the geological history of Mars.First, we explore a revolutionary study that uncovers how giant exploding stars produce uranium and other heavy elements. Researchers are now investigating gamma-ray burst jets and the surrounding cocoon formed by collapsed stars. This new framework suggests that high-energy photons can dissolve stellar material into neutrons, leading to the creation of heavy elements through a rapid neutron capture process. We discuss the implications of these findings and how they challenge long-held beliefs about nucleosynthesis in the universe.Shattering Beliefs About Asteroid VestaNext, we turn our attention to the asteroid Vesta, where a recent study published in Nature Astronomy reveals that its interior structure is far more uniform than previously thought. This discovery has led scientists to reconsider Vesta's identity, proposing that it may simply be a large asteroid rather than a protoplanet. We examine the research that challenges decades of assumptions about Vesta's formation and its role in understanding the early solar system.Did It Rain or Snow on Ancient Mars?Finally, we investigate the ancient climate of Mars, with a new study suggesting that geological formations on the planet were shaped by heavy precipitation, indicating a warmer and wetter past. This research utilizes computer simulations to analyze how rain and snow may have contributed to the development of Martian valleys and channels. We discuss the significance of these findings and their implications for our understanding of Mars's climatic history.www.spacetimewithstuartgary.com✍️ Episode ReferencesAstrophysical Journalhttps://iopscience.iop.org/journal/0004-637XNature Astronomyhttps://www.nature.com/natureastronomy/Journal of Geophysical Research Planetshttps://agupubs.onlinelibrary.wiley.com/journal/21699356Become a supporter of this podcast: https://www.spreaker.com/podcast/spacetime-space-astronomy--2458531/support.00:00 New study provides clues explaining how exploding stars produce uranium and other heavy elements06:21 New study suggests giant asteroid Vesta is really just a big asteroid15:19 New study suggests heavy precipitation likely fed valleys on ancient Mars19:49 A new study warns that microplastic pollution could compromise ocean carbon22:17 More than 31,000 passwords belonging to Australian banks have been stolen24:47 Space Time is available every Monday, Wednesday and Friday through bitesz.com

Interview with Justin Reid, President & CEO of Troilus Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/troilus-gold-tsxtlg-700m-debt-secured-for-quebec-gold-copper-mine-6856Recording date: 6th May 2025Troilus Gold stands at the forefront of copper-gold development in Canada, with the company making remarkable strides toward production at its flagship project in Quebec. The company has secured a game-changing $700 million US debt package backed by export credit agencies and led by SOCGEN, KFW, and Export Development Canada. This financing structure, relatively rare for junior miners, leverages Troilus Gold's strategic position as the only near-term copper concentrate producer in Eastern Canada at a time when global smelters face severe supply constraints following the closure of major operations like Cobre Panama.Recent high-grade drill results have enhanced confidence in the project's first five years of production, with CEO Justin Reid noting that "the higher grade is larger than we thought," providing greater certainty for both lenders and shareholders. The company is progressing through Quebec's permitting process with anticipated approval by mid-2026, targeting construction by early 2027. Significantly, Troilus isn't waiting for final permits, having already begun early works under existing exploration permits to de-risk the timeline and reduce future capital expenditures.The project benefits from its history as a previously producing mine with 14 years of successful operation, substantially reducing technical risk. This historical performance provides valuable data on metallurgy, processing, and geotechnical aspects that new developments typically lack. The company has assembled an exceptional leadership team, including VP Operations Andy Fortin, who worked at the original Troilus operation and built major Quebec mines including Meadowbank, and construction leader Denis Rivard, who recently completed Montreal's REM rail project on time and on budget.Troilus Gold has established strong partnerships with the Cree Nation, whose traditional territory hosts the project. With 25% of the current workforce from Cree communities and three major contracts with Cree partners already in place, the company has built a genuine relationship that goes beyond mere consultation. This partnership represents a significant advantage in a time when indigenous relationships are increasingly recognized as essential to successful mine development in Canada.From a market perspective, Troilus offers investors exposure to both copper and gold – combining industrial demand from electrification trends with monetary hedge characteristics. The company's market capitalization has grown to approximately $250 million, aligning with historical valuations of other major Quebec gold developments at similar stages. With copper fundamentals particularly strong due to global supply constraints and multiple near-term catalysts including offtake agreement finalization and environmental assessment filing, Troilus Gold presents a compelling opportunity for investors seeking exposure to critical minerals in a tier-one jurisdiction with a clear path to production.—View Troilus Gold's company profile: https://www.cruxinvestor.com/companies/troilus-goldSign up for Crux Investor: https://cruxinvestor.com

May 6, 2025 - Zach and Chase take a look at uranium. 

In the second of a two-part special report from the World Nuclear Fuel Cycle 2025 conference held in Canada, Claire Maden reports on the opportunities and challenges facing players across the entire fuel sector.There is the aim to triple nuclear energy capacity by 2050, shared by many governments, businesses and financial institutions. But will there be the necessary fuel available if that goal is to be reached?Among the issues covered in this episode are developments in the uranium enrichment sector and the challenges faced by transporters of nuclear materials. It also includes discussion of innovative technologies, and the outlook for nuclear fuel markets.This episode features:Christo Liebenberg, LIS Technologies CEO and COOJohn Donelson, Centrus Senior Vice President and Chief Marketing OfficerJohn-Paul Jones, Urenco Head of Commercial and Market IntelligenceJean-Luc Palayer, Orano USA President and CEOEileen Supko, Energy Resources International President and World Nuclear Transport Institute North American RepresentativeKurtis Hinz, TAM International President and CEOPaul Chan, Clean Core Thorium Energy Chief Technology OfficerIftikhar Haque, Terrestrial Energy Vice President, Nuclear Supply ChainMicah Hackett, Kairos Power Vice President Fuels and MaterialsTom Brookmire, Dominion Energy Manager, Nuclear Fuel ProcurementLourdes Guzmán, ENUSA Industrias Avanzadas Uranium Supply ManagerChris Opperman, C5 Capital Operating PartnerJonathan Hinze, UxC, LLC PresidentSama Bilbao y León, World Nuclear Association Director GeneralKey links to find out more:World Nuclear NewsWorld Nuclear Fuel Cycle 2025'Great opportunities ahead' for fuel cycleEmail 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 Mark Chalmers, President & CEO of Energy Fuels Inc.Our previous interview: https://www.cruxinvestor.com/posts/energy-fuels-nyseuuuu-what-us-automotives-want-7028Recording date: 2nd May 2025Energy Fuels is emerging as a standout player in the critical minerals sector, with its unique dual focus on uranium and rare earth elements production. The company recently demonstrated its operational capabilities by producing 151,400 pounds of uranium in April 2025 from its Pinyon Plane mine, achieving higher-than-expected grades of approximately 1.6%.Led by industry veteran Mark Chalmers, who brings 49 years of global uranium production experience, Energy Fuels has strategically positioned itself to capitalize on growing supply constraints in the uranium market. Chalmers offers a sobering assessment of the global uranium supply situation, noting that the best deposits worldwide are depleting while new discoveries remain limited, unpermitted, and undeveloped.The company's White Mesa Mill represents a significant competitive advantage, with the flexibility to switch between uranium and rare earth processing based on market conditions. This capability allows Energy Fuels to respond with unusual agility to customer demands and price fluctuations.Beyond current production, Energy Fuels is advancing multiple mining projects including Roca Honda in New Mexico, Bullfrog, and potential restarts at the La Sal Complex, Energy Queen, and Whirlwind mines. The company emphasizes "pounds above the ground" rather than just theoretical resources.Energy Fuels has positioned itself to potentially provide 50-100% of US demand for multiple critical minerals, aligning perfectly with governmental priorities for secure domestic supply chains. Despite strong federal support, regulatory and permitting challenges remain significant barriers to rapid industry expansion.Chalmers believes uranium prices must rise "well into the hundreds" per pound to incentivize new production and ensure long-term industry sustainability. With uranium currently trading around $70/lb and production costs at approximately $40/lb, Energy Fuels stands to benefit substantially from this anticipated price appreciation while executing its unique strategy in critical minerals.Learn more: https://www.cruxinvestor.com/companies/energy-fuelsSign up for Crux Investor: https://cruxinvestor.com

China sets the price, and the West scrambles to keep up. In this insightful interview, Justin Chan, Head of Research at SCP Resource Finance, sits down with Trey Reik to explain why 90 % of heavy rare earths are still processed in China, how that gives Beijing pricing power over EVs, wind turbines, and defense tech, and why even top-tier mining projects are barely breaking even. Key Topics: • China's supply-chain chokehold: 70 % of light Rare Earths, 90 %+ of heavy Rare Earths • Price suppression playbook: how Beijing keeps rivals on the back foot • Mining's brutal math: 4,000 junior miners, but most never pour metal • White Mesa wildcard: the lone U.S. mill that could challenge China's monopoly • Cost-curve support: spotting upside in rare earths, uranium, lithium, and gold • Uranium reset: from $30 to $100 and back to $70 price swings and SCP's $80/lb long-term view Would you like to hear more about SCP and its rare earth mineral projects? Get their white paper here: https://wealthion.com/rare-earth-metals/ Chapters: 1:14 - What Exactly Is SCP Resource Finance? 4:30 - Why Is Profitable Mining So Hard? 7:53 - Discovery Silver: A Proven Mining Dream Team? 9:40 - If It's Discovery “Silver,” Where's the Gold? 10:20 - How Risky Is Permitting Mines in Mexico? 11:39 - Why Do Mines Now Take Decades to Build? 14:10 - Rare Earths Demystified: What They Are & Why They Matter 16:43 - Rare Earths Are in Short Supply… So Why Are Prices So Low? 18:19 - Is China Gaming Rare Earth Prices to Keep Control? 19:12 - Can America Break Free from China's Rare Earth Grip? 21:20 - How Much Would It Really Cost to Build Rare Earth Infrastructure? 23:33 - Why Is One Rare Earth Stock Soaring While Another Lags? 26:19 - The Rare Earth Companies That Actually Deserve Your Attention 31:38 - Why Rare Earths Are Really a Magnet Market Story 33:51 - Could Ukraine Become a Key Player in Rare Earths? 35:02 - What Are Ionic Clays—and Why Investors Should Care 35:27 - Uranium Prices Are Sliding—Time to Buy the Dip? 38:08 - Where the Real Value Lies in Uranium Stocks42:04 - Where Uranium Prices Are Headed from Here Volatility got you concerned? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/3GDVBkl Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #RareEarths #China #CriticalMinerals #Uranium #MiningStocks #Commodities #stocks ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Interview with Paul Barrett, CEO of Rome ResourcesOur previous interview: https://www.cruxinvestor.com/posts/rome-resources-lsermr-tin-resource-update-in-the-coming-months-6874Recording date: 29th April 2025Rome Resources (LSE) has announced the resumption of exploration drilling in the Democratic Republic of Congo (DRC) following improved security conditions in the region. CEO Paul Barrett confirmed that helicopter support has mobilized back to the country, with drilling operations expected to restart by the end of this week.The improved situation stems from M23 rebels retreating from the company's operational area back to the Kivu region, along with ongoing peace talks between Rwanda and DRC. While currently operating from Kisangani, the company plans to eventually return to Goma, which would streamline logistics with shorter helicopter flight times.Rome Resources is focusing exclusively on the Mont Agoma deposit, having already collected sufficient data from the Kalayi deposit. The strategic drilling program targets a specific data gap in the deeper part of Mont Agoma, based on their geological model suggesting increased tin grades at depth. The company also plans to drill exploratory holes on the southern fringe to determine the deposit's lateral extent.Mont Agoma represents a more complex opportunity than the pure tin Kalayi deposit, featuring additional copper and zinc mineralization. This multi-metal potential could provide significant value streams for the project, with the company exploring combined processing options for all three metals.A key near-term catalyst is the planned resource estimate expected by the end of May 2025, pending assay results from holes 24 and 26. The estimate will require independent verification to comply with AIM listing rules.Financially, Rome Resources maintains a strong position with $2.7 million in cash and a tightly controlled drilling budget of $1.6 million. The company operates with a lean structure, directing 90% of expenditures toward drilling activities.The company is also exploring collaboration opportunities with neighboring miner Alphamin for shared helicopter and fixed-wing facilities, potentially improving operational efficiency in the remote region.View Rome Resources' company profile: https://www.cruxinvestor.com/companies/rome-resourcesSign up for Crux Investor: https://cruxinvestor.com

Europe holds significant untapped potential for mineral exploration, and Terra Balcanica Resources (CNSX: TERA | FRA: UB1) is positioning itself for long-term growth in the region. In this interview, President & CEO Aleksandar Mišković, Ph.D., P.Geo., discusses key project developments, including drill results from the Viogor-Zanik Project in eastern Bosnia and the potential of the optioned Charlot-Neely Lake license in Canada's Athabasca Basin.Learn more about the company's strategy to unlock these resources at the Commodities Global Expo 2025 on May 11–13 at the Four Seasons in Fort Lauderdale, Florida.Secure your spot at Commodities Global Expo 2025 and connect with Terra Balcanica Resources: https://topshelf-partners.com/Discover Terra Balcanica Resources' projects here: https://terrabresources.com/en/Watch the full YouTube interview here: https://youtu.be/yvh67aRLvx0And follow us to stay updated: https://www.youtube.com/@GlobalOneMedia?sub_confirmation=1

Trevor Hall interviews Garrett Ainsworth of District Metals about the recent mineral resource estimate for the Viken Uranium deposit, which is now recognized as the second largest uranium deposit in the world. They discuss the significance of this finding, the historical context of the resource estimate, the economic viability of the deposit, and the geopolitical implications for Sweden and Europe. The conversation also touches on the current state of the uranium market and its future prospects.

District Metals published its NI 43-101 Inferred and indicated mineral resource estimate for the Viken Energy Metals Deposit in Sweden. Sierra Madre Gold and Silver have commenced underground mining at the Coloso mine. New drill results from Meridian Mining, AbraSilver and Melkior Resources.This episode of Mining Stock Daily is brought to you by... Vizsla Silver is focused on becoming one of the world's largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠https://vizslasilvercorp.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.calibremining.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com