Podcasts about Uranium

Scott Melbye of Uranium Energy Corp (NYSE American: UEC) and Uranium Royalty (Nasdaq: UROY) joins us at the World Nuclear Symposium 2026 in London to discuss the outlook for uranium and nuclear energy.Scott shares his perspective on uranium supply and demand, utility contracting remains critical, and what could drive the next phase of the uranium market. He also discusses UEC's position within the growing American nuclear-fuel industry and the renewed push for greater energy security and domestic uranium production.*For business inquires, please reach out at info@bloorstreetcapital.com*This video/interview is not financial advice. This channel, Bloor Street Capital, is not responsible for the performance of its guests, sponsors or affiliates. WAIVER & DISCLAIMERIf you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals' opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of September, 2026 the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital Inc. was paid a fee for producing this event.

Purepoint Uranium Group (PTU) CEO Chris Frostad tells Proactive that the first drill hole at the Q24 zone on its Dorado project returned 7.4 meters of radioactivity at 8,760 counts per second, with peaks reaching 50,000 counts per second. Frostad describes the result as highly significant given it came from the very first hole drilled in that zone. The Q24 zone is separate from both the Nova and Q23 targets within the broader Dorado project, which Purepoint holds in partnership with ISO Energy across approximately 100,000 hectares in the Athabasca Basin. Frostad highlights that the radioactivity was found at the unconformity, a classic uranium-bearing setting, and that chalcopyrite was identified beneath it — an indicator of the hydrothermal activity that would have mobilized uranium through the area. Assays from the summer drill program are still pending. Frostad says the company is also processing 3D mobile MT geophysical surveys conducted across the entire project over the summer, and will spend the next one to two months interpreting that data alongside drill results. The company does not plan to return to the site with a drill until January, but Frostad says investors should expect a series of updates before then, covering the interpretation of results, planned targets, and the budget being agreed with partner ISO Energy for next year's program. #PurepointUranium #PTU #uranium #AthabascaBasin #Canada #mining #juniorminers #resourcestocks #commodities #investing

Die regering is onder druk om duidelikheid te verskaf oor of hy hom formeel in die stryd gewerp het om 'n 10,2 persent belang in Rössing Uranium te bekom. Die PDM-leier, McHenry Venaani, het in die parlement antwoorde geëis oor die regering se pogings om hierdie belang, wat deur die Industriële Ontwikkelingskorporasie van Suid-Afrika verkoop word, te verkry. Die verkoopproses het aansienlike belangstelling van beleggers gelok, en die regering het voorheen aangedui dat hy die strategiese aandelebesit tot voordeel van Namibiërs wil bekom.

Beyond Star Stuff: The Untold Cosmic Origin of Gold and the ElementsWe are frequently told that human beings are made of "star stuff," but that poetic phrase hides a fundamental cosmic truth. While the Big Bang created primordial hydrogen and helium, nuclear fusion inside stars powers elements up through element 26—iron. At iron, stellar fusion faces a hard wall: fusing heavier nuclei absorbs energy rather than releasing it, leading to a catastrophic gravitational collapse and a brilliant supernova explosion. Yet, if ordinary stars stop manufacturing elements at iron, where do the remaining heavy elements on the periodic table—like iodine, platinum, uranium, and the gold on your finger—actually come from?The answer lies in nature's ingenious "backdoors" to fusion: neutron capture processes. While the slow s-process in aging giant stars handles elements up to bismuth, the creation of gold and uranium requires the rapid r-process—a torrential flood of neutrons that only occurs during extreme cosmic collisions. In 2017, scientists confirmed through gravitational wave detectors and optical telescopes that the collision of two dense neutron stars (a kilonova) spews out massive quantities of heavy metals across the universe. Far from being a simple chemistry chart, the periodic table is a cosmic crime scene revealing that while your blood's iron was born in a dying star, your gold jewelry is the product of catastrophic spacetime collisions.

John Ciampaglia, CEO of Sprott Asset Management, discusses the outlook for uranium supply and demand, activity in the spot and term contracting markets, the role of the Sprott Physical Uranium Trust (SPUT), growing nuclear power demand and what investors should be watching as the uranium market continues to evolve.John also shares his perspective on utility contracting, investor sentiment and whether current uranium prices are providing enough incentive for the new mine supply the industry will need in the years ahead.Follow Jimmy:LinkedIn: / jimmyconnorofficial X (@jamesconnor1999): https://x.com/JamesConnor1999X (@BloorStreetCap): https://x.com/BloorStreetCap*For business inquires, please reach out at info@bloorstreetcapital.com*This video/interview is not financial advice. This channel, Bloor Street Capital, is not responsible for the performance of its guests, sponsors or affiliates. WAIVER & DISCLAIMERIf you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals' opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of September, 2026 the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital Inc. was paid a fee for producing this event.

Denison Mines (TSX:DML | NYSE:DNN) has entered a major new chapter as construction advances at its flagship Phoenix uranium project in Saskatchewan's Athabasca Basin.David Cates, President and CEO of Denison Mines, joins James Connor of Bloor Street Capital to discuss the progress being made at Phoenix, the company's construction timeline, project financing and the path toward first uranium production.Phoenix is being developed as an in-situ recovery uranium mine and became the first large-scale Canadian uranium project in more than 20 years to receive the federal approvals required to begin construction. Denison is targeting first production by mid-2028.We also discuss uranium contracting, how Denison is funding construction, upcoming milestones investors should be watching and what could drive the company over the next several years.Follow Jimmy:LinkedIn: / jimmyconnorofficial X (@jamesconnor1999): https://x.com/JamesConnor1999X (@BloorStreetCap): https://x.com/BloorStreetCap*For business inquires, please reach out at info@bloorstreetcapital.com*This video/interview is not financial advice. This channel, Bloor Street Capital, is not responsible for the performance of its guests, sponsors or affiliates. WAIVER & DISCLAIMERIf you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals' opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of September, 2026 the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital Inc. was paid a fee for producing this event.

Per Jander of WMC, shares his insights on the spot uranium market and what's happening in the contracting market. Follow Jimmy:LinkedIn: / jimmyconnorofficial X (@jamesconnor1999): https://x.com/JamesConnor1999X (@BloorStreetCap): https://x.com/BloorStreetCap*For business inquires, please reach out at info@bloorstreetcapital.com*This video/interview is not financial advice. This channel, Bloor Street Capital, is not responsible for the performance of its guests, sponsors or affiliates. WAIVER & DISCLAIMERIf you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals' opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of September, 2026 the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital Inc. was paid a fee for producing this event.

This interview is disseminated on behalf of Eastport Critical Metals Corp. Eastport Critical Metals (TSXV: EVI | OTCQB: EVIIF) is pursuing multiple critical mineral opportunities across Botswana. CEO Daniel Major discusses the pending assay results from the Semarule Project, next steps at the Matsitama and Selebi East projects, and how upcoming exploration could determine which assets become Eastport's primary focus over the next 12 months.Learn more: https://eastportcmc.comWatch the full YouTube interview here: https://youtu.be/PSyAmAPQ4_Y?si=ZBDscN00f3cHXiPfAnd follow us to stay updated: https://www.youtube.com/@stockstowatchofficial 

Plus: South Korea is set to invest billions in the U.S. And the AI boom drives uranium prices to 18-year highs. Luke Vargas hosts. Sign up for WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Purepoint Uranium Group CEO Chris Frostad joined Steve Darling from Proactive reported encouraging new assay results from its 2026 winter drill program at the Nova Target, part of the 50/50 Dorado Joint Venture with IsoEnergy Ltd., further strengthening the project's potential as a significant uranium discovery in Saskatchewan's Athabasca Basin. Frostad shared with Proactive the latest results, highlighting that Hole NV26-05 returned 1.65% U₃O₈ over 0.3 metres from a depth of 390.4 metres at the unconformity. The intercept adds to a growing body of evidence supporting the presence of uranium mineralization along the Nova electromagnetic (EM) conductor. The nine-hole winter drilling campaign successfully intersected uranium mineralization in multiple holes while also providing valuable geological and structural information that will help guide future exploration efforts. According to Frostad, the results have significantly enhanced the company's understanding of the mineralized system and improved its ability to identify and prioritize future drill targets. Purepoint said the program was designed not only to test the geological and structural controls associated with uranium mineralization but also to refine the geometry of the Nova conductor. The drilling generated important data that has allowed geologists to better define the orientation and characteristics of the mineralized zones. Management noted that the additional uranium intercepts, combined with improved geological and geophysical interpretation, are helping to narrow in on the most prospective areas for follow-up drilling. The company believes its growing understanding of the relationship between geologic structures and geophysical responses is leading to increasingly precise drill targeting as exploration advances. The winter campaign marks another important step in evaluating the Nova system, which continues to demonstrate characteristics associated with high-grade Athabasca Basin uranium deposits. The project remains a key focus within the Dorado Joint Venture as Purepoint and IsoEnergy continue to unlock the potential of the property. Frostad also confirmed that the 2026 summer drill program has now been completed. Results from that campaign are currently being compiled and analyzed, with assay results and interpretations expected to be reported in the near future. #proactiveinvestors #purepointuraniumgroup #tsxv #ptu #otcqb #ptuuf #Uranium #IsoEnergy #Uranium #AthabascaBasin #UraniumExploration #NuclearEnergy #EnergyTransition #Mining #ResourceSector #Exploration #CriticalMinerals #U3O8 #JuniorMining #MiningStocks #CleanEnergy #CanadaMining #Investing #Stocks #ProactiveInvestors #UraniumNews

Purepoint Uranium Group CEO Chris Frostad joined Steve Darling from Proactive to provide his perspective on the current uranium market and explain why he believes a major shift in utility purchasing could be the catalyst that reignites uranium equities. Frostad noted that many U.S. utilities were purchasing uranium in the mid-to-high US$50 per pound range last year, despite spot uranium prices trading in the high US$80s. He explained that this apparent disconnect was largely due to flexibility provisions embedded in long-term contracts signed several years ago, allowing utilities to access lower-priced uranium even as market prices moved significantly higher. According to Frostad, this pricing gap has created confusion among investors and contributed to weaker performance across uranium stocks, despite what appears to be a strong uranium pricing environment. He argued that the current spot market is being driven more by constrained supply than by a surge in demand. Producers, he said, are operating with inventory levels near the minimum they are comfortable maintaining, leaving very little excess material available for sale. As a result, relatively small transactions can have an outsized impact on spot pricing, with weekly uranium prices sometimes moving several dollars on limited trading activity. Frostad also pointed to major uranium producers reporting realized sales prices in the high US$60-per-pound range as evidence that legacy contracts continue to mask the true economics of the uranium market. While utility contracting activity has slowed in recent years, Frostad believes that trend is nearing a turning point. As older contracts expire and utilities are forced back into the market to secure future supply at prevailing prices, he expects contracting activity to accelerate significantly. He described this transition as “the last shoe to drop” in the uranium cycle, suggesting that renewed long-term contracting could become the key driver that pushes uranium equities higher and better aligns stock valuations with underlying market fundamentals. For Purepoint Uranium, Frostad said the company remains actively engaged in exploration and drilling programs while maintaining a strong financial position. He believes Purepoint is well-funded to continue advancing its projects through the current market environment and into what he expects will be a period of stronger uranium demand and improved market conditions. #proactiveinvestors #purepointuraniumgroup #tsxv #ptu #otcqb #ptuuf #Uranium #AthabascaBasin #UraniumExploration #UraniumExploration #CriticalMinerals #Geology #Mining #Drilling #SaskatchewanMining #MiningNews #ResourceExploration

Interview with Donovan Pollitt, President and Director, White Gold Corp Our previous interview: https://www.cruxinvestor.com/posts/white-gold-tsxvwgo-largest-drill-program-commencing-on-highest-grade-gold-resource-in-yukon-10043Recording date: 2nd September 2026White Gold Corp (TSXV:WGO) has crossed a threshold that had eluded it for years: a Preliminary Economic Assessment that puts formal economics around its Yukon flagship deposit. Released August 10, 2026 and refined in an August 28 update, the PEA delivers an after-tax NPV (5%) of C$1.86 billion and a 41% IRR at a US$3,600/oz gold price, with a 1.5-year payback period. At spot-adjacent US$4,500/oz pricing, those figures rise to a C$2.9 billion NPV and 56% IRR. The proposed operation is a conventional open-pit, carbon-in-leach mine processing 12,000 tonnes per day across the Golden Saddle, Arc, Ryan's Surprise and VG zones, producing approximately 188,000 ounces annually over a 9.4-year life at an all-in sustaining cost of US$1,482/oz. Initial capital is costed at C$1,002 million.President and Director Donovan Pollitt was explicit that the study was built conservatively: a first-year production rate derated to 85% of nameplate, full costing of infrastructure most PEAs might trim (a new 5,000-foot airstrip, complete camp and tailings facilities), and a mine plan that uses only around 60% of the current 3 million-ounce resource. Notably, underground potential at Golden Saddle where drilling continues to target higher-grade mineralisation below the current pit design was excluded from the study altogether, representing upside not yet reflected in the headline numbers.Beyond the PEA, two lower-cost avenues to resource growth are underway in parallel with continued step-out drilling: a systematic resampling of roughly 7,350 metres of historic core (about 12% of all metres drilled on the property since 2008) that was never assayed, concentrated in a hanging-wall zone now interpreted as continuously mineralised, and a new target, Golden Saddle 2.0, on the far side of a fault offset from the main deposit. The 2026 drilling programme totals 15,000-20,000 metres, with over 10,000 metres completed at the time of the interview and 11,500 metres confirmed in a subsequent company update; assay results are expected through the autumn as regional lab capacity, strained by a busy Yukon drill season, catches up.A second and distinct value lever sits outside the gold story: White Gold's non-gold critical mineral targets - copper, tungsten, silver and molybdenum anomalies identified through years of soil geochemistry but never drilled - are being spun into a separately listed vehicle, W2 Critical Minerals Corp, at a ratio of one W2 share per five WGO shares held. The Ontario Superior Court granted final approval for the arrangement on August 28, 2026, with W2's associated financing upsized from $5 million to $10 million to fund a maiden drill programme.Valuation-wise, White Gold trades at approximately US$116 per contained ounce as of early August 2026 company filings - the lowest in its Yukon peer group despite carrying that group's highest weighted-average grade (1.38 g/T). Management has signalled no rush toward a production decision or an accelerated pre-feasibility study, prioritising further drilling and optionality on mine-plan design over speed. For investors, the near-term catalyst calendar includes autumn assay results, progress at Golden Saddle 2.0 and the VG East extension, and the pending completion of the W2 spin-out.Learn more: https://www.cruxinvestor.com/companies/white-gold-corpSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with David Wolfin, CEO of Avino Silver & Gold MinesOur previous interview: https://www.cruxinvestor.com/posts/avino-silver-gold-tsxasm-record-revenue-powers-three-mine-expansion-strategy-8753Recording date: 4th September 2026Avino Silver & Gold Mines Ltd. (TSX:ASM) enters the second half of 2026 in the strongest financial position in its 57-year history, and that strength is now being deployed toward a decision that could reshape the company's production profile. Q2 2026 revenue reached $26.8 million, up 23% year-on-year, driven by higher realised silver prices at $68.90/oz and increased throughput from La Preciosa development material. Net income of $10.9 million and EBITDA of $12.6 million both grew strongly year-on-year, and the company closed the quarter debt-free with $144.2 million in cash and $140.8 million in working capital.That balance sheet strength underpins the company's most consequential near-term decision: whether to build a standalone processing plant at La Preciosa, its silver development project 19 kilometres from the existing Avino mill. Management estimates a facility comparable to Avino's current 2,500-tonne-per-day mill would cost $200-300 million, roughly half of which the company already holds in cash. A pre-feasibility study now underway with an independent engineering firm is expected within 8-10 months, after which Avino could move directly to a construction decision.The case for going standalone rests on both economics and optionality. Trucking material 19 kilometres at a much larger scale would strain logistics and community relations at the volumes a full La Preciosa operation would require, and CEO David Wolfin has been explicit that a standalone plant is the better use of capital once the study confirms it. Recent drilling supports that confidence: intercepts including 7.9 metres of 1,600 g/t silver and 2 g/t gold, and a further 6 metres at 550 g/t silver, suggest underground mining grades could exceed the diluted, open-pit-based resource model inherited from the project's previous owner, Coeur Mining.Underpinning this is Avino's first mineral reserve in company history, published in April 2026 after the company crossed the $90 million trailing-revenue threshold required under NI 43-101 to report reserves. The combined 127 million silver equivalent ounces in proven and probable reserves, alongside 301 million ounces of measured and indicated resources, gives the growth story a formal technical foundation it lacked a year ago. Average reserve mine life across the portfolio comfortably exceeds the roughly 8-year average among primary silver peers, a comparison management uses to argue for a valuation re-rating as the company de-risks.Risks remain concentrated in execution. Costs rose alongside the cash build, with all-in sustaining costs of $38.75 per silver equivalent ounce in Q2, reflecting the expense of developing a new mine rather than deterioration at Avino itself. Copper production fell 50% year-on-year as the company processed oxidised material from historical open-pit walls, a sequencing decision expected to reverse over the next six to eight months. Investors should also note that much of the grade upside management points to remains in step-out drilling not yet reflected in the reserve model; an updated estimate is expected in Q1 2027.For investors, Avino offers a rare combination: an operating, cash-generating mine funding a second high-grade asset, a debt-free balance sheet providing genuine optionality, and two concrete near-term catalysts: the La Preciosa pre-feasibility study, and the Q1 2027 resource update against which to track execution.View Avino Silver & Gold's company profile: https://www.cruxinvestor.com/companies/avino-silver-gold-mines-ltdSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Alex Walker, CEO of East Star ResourcesOur previous interview: https://www.cruxinvestor.com/posts/east-star-resources-lseest-partner-funded-copper-production-and-25m-gold-search-in-kazakhstan-10606Recording date: 2nd September 2026East Star Resources (LSE:EST) has added a second free-carried development structure to its Kazakhstan copper and gold portfolio, signing a binding Heads of Agreement for a joint venture over its Rulikha copper project. The deal follows the same non-dilutive logic that underpins East Star's existing Verkhuba joint venture with Chinese mine-builder Xinhai Mining: rather than raising capital from shareholders to fund permitting, drilling and construction, East Star brings in a partner with deeper development expertise and lets that partner carry the cost, in exchange for a minority economic interest once the project reaches production.At Rulikha, that partner group consists of two entities: Nova, a financing vehicle, and Orion, an operating team that has previously built two copper mines in Kazakhstan and exited its most recent project to a Chinese buyer for approximately $125 million within the past four years. CEO Alex Walker cited that track record, along with the personal involvement of a well-connected Kazakh lawyer who structured the deal, as central to his confidence in the partnership.The earn-in mechanics are designed to protect East Star's downside. The partners' initial percentage only crystallises once they complete the first of either 3,000 metres of drilling or $1.5 million of spend, and even that threshold represents only a fraction of the total committed spend, not a cap. East Star's final economic interest lands between 25% and 35% depending on whether the partners fund with equity or debt and importantly, majority ownership does not pass to the partners until they reach the construction stage, well beyond the current commitment.Operationally, drilling approval for Rulikha is already secured, land access was obtained before the joint venture was even discussed, and management expects drilling to begin in the third or fourth quarter of 2026, targeting both the main Rulikha deposit areas and two satellite targets, Taloskoy and Rulikha North, the latter having already returned a 120-metre interval of disseminated sulphide mineralisation last year.Meanwhile, at the more advanced Verkhuba copper deposit, drilling continues under the existing Xinhai-funded joint venture, with a second rig now on site and the first assay results due at the lab within one to two weeks. East Star's separate gold exploration joint venture with Endeavour Mining, covering two large land packages in northern and central Kazakhstan under a $25 million funding commitment, remains unchanged and continues to offer a third free-carried catalyst.For investors, the Rulikha announcement effectively doubles East Star's exposure to potential copper production funded entirely by third parties, without adding dilution risk. The near-term catalysts to watch are execution of the definitive Rulikha joint venture agreement (currently only a Heads of Agreement), the start of Rulikha drilling later this year, and Verkhuba's forthcoming assay results, which together will begin to clarify the pace at which East Star's project pipeline converts into cash flow.Learn more: https://www.cruxinvestor.com/companies/east-star-resourcesSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Jonathan Fisher, CEO of Cauldron EnergyRecording date: 2nd September 2026Cauldron Energy (ASX:CXU) holds 55 million pounds of JORC-compliant uranium resource at its Yanrey Project in Western Australia, with an exploration target of up to 269 million additional pounds. The company's near-perfect drilling record and strategic positioning make it a compelling uranium story—provided Western Australia lifts its longstanding mining ban.The Yanrey Project spans three deposits: Bennett Well, Manyingee South, and Manyingee North are all situated in a region considered highly prospective for in-situ recovery (ISR) uranium mining. Cauldron's exploration has been remarkably successful wherein the first 24 drill holes at Manyingee North intersected mineralisation, defining a maiden 10-million-pound resource with a 100% hit rate. Subsequent drilling of 40 to 50 additional holes has maintained that near-perfect success rate.The company uses passive seismic surveying to identify buried palaeochannels, ancient river systems, that concentrated uranium as they flowed eastward from granitic sources. Three channels have been drilled to date, yielding the three known deposits, with 20-30 more channels still untested. A formal resource update is expected later in 2026 following the completion of the current drilling campaign.Western Australia's state-level uranium mining ban remains the single biggest obstacle to production. Despite this, Cauldron received two government exploration grants in April 2026, a signal CEO Jonathan Fisher interprets as contradictory but encouraging. Additional indicators of potential policy shift include a parliamentary inquiry where over 60% of submissions favoured uranium mining, and a recent by-election swing toward the pro-uranium One Nation party.While the ban persists, Cauldron is maximising its resource base to become either a ready-to-develop asset or an attractive takeover target once policy changes. The company has partnered with Uzbekistan's Navoi Mining and Metallurgical Company to de-risk ISR process design and hired an experienced environmental manager to navigate regulatory approvals. Groundwater testing by ANSTO found low salinity across all three deposits—a favourable factor for ISR recovery economics.Cauldron's investment case hinges entirely on Western Australia lifting its mining ban. While management cites multiple signals of policy change, none are confirmed. Technical risks remain, as demonstrated by peer Boss Energy's setbacks at its Honeymoon ISR operation, though Cauldron's Navoi partnership aims to mitigate such risks. Shareholder concentration is high, with a family office holding ~30% and ETFs ~15–16%, providing stability but limiting free float.View Cauldron Energy's company profile: https://www.cruxinvestor.com/companies/cauldron-energy-limitedSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Peter Akerley, CEO & Kelly Clure, Advisor of Erdene Resource DevelopmentOur previous interview: https://www.cruxinvestor.com/posts/erdene-resource-developments-tsxerd-undervalued-investment-series-with-peter-akerley-10566Recording date: 1st September 2026Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQX:ERDCF) has moved from mine-builder to self-funded explorer. The company's Bayan Khundii Gold Mine, operated as a 50/50 joint venture with Mongolian Mining Corporation, delivered 11,709 ounces of gold in Q2 2026, a 37% increase quarter-on-quarter, generating $53 million in gross revenue. Feed grade rose 25% to 2.4 g/t gold, with recoveries of 96%, ahead of plan.That cash flow is now being redeployed into a materially more aggressive exploration program across the company's broader Khundii Minerals District, discovered by Erdene in Mongolia's southwest. Management has committed 12,000 metres of drilling to Bayan Khundii's western expansion, targeting the corridor between the current pit and the newly resource-defined Ulaan deposit. In parallel, the company is testing porphyry copper potential beneath all three of its main hydrothermal systems, Bayan Khundii, Altan Nar and Zuun Mod, none of which has been drill-tested below roughly 700 metres, despite kilometre-scale surface alteration footprints comparable to major regional discoveries like Oyu Tolgoi.Zuun Mod, a wholly-owned molybdenum-copper porphyry, is the standout near-term catalyst: the deposit ranks in the upper 15th percentile globally on grade-tonnage terms, and a preliminary economic assessment is on track for mid-H2 2026, backed by a newly contracted deep geophysics (IP/MT) program aimed at both Zuun Mod itself and the adjacent Khuvyn Khar copper target.Altan Nar, holding roughly 500,000 ounces of gold along a 5-kilometre trend, is next in line for 2027 capital, with management weighing a CIP tie-in to the existing Bayan Khundii plant against a standalone flotation-concentrate build. Early metallurgical work favours the CIP route, potentially adding five years of mine life for a fraction of the estimated $140 million standalone capex. A complementary heap leach study, covering oxide material at both Dark Horse and Altan Nar, could add a further ~100,000 ounces of lower-cost production.A smaller, earlier-stage option property, Tereg Uul, sits roughly 10km south of Oyu Tolgoi; a maiden drill program confirmed anomalous gold, silver and native copper along a 1.5-kilometre structure, and the option was extended in July 2026 with a $400,000 payment.Underpinning the exploration push is a policy tailwind: Mongolia's mining ministry announced in June 2026 that it would reopen exploration licensing after roughly a decade of restricted issuance, a development management believes favours first movers with existing geological databases, including Erdene.Financially, the company holds $26 million in corporate cash earmarked for its wholly-owned project pipeline through 2027, and is running an active share buyback (up to 4.9 million shares, ~10% of public float, with 94,400 shares already repurchased at an average $5.21). Key near-term catalysts for investors to track include the Zuun Mod PEA, deep geophysics results expected later in Q3 2026, and progress on Mongolia's licensing reopening.Learn more: https://www.cruxinvestor.com/companies/erdene-resource-developmentSign up for Crux Investor: https://cruxinvestor.com/subscribe

Recording date: 28th August 2026Olive Resource Capital's latest Compass episode centres on two connected observations: a summer drilling season that is quietly delivering strong results, and a persistent shortage of the advanced copper projects the market increasingly wants exposure to.On the drilling side, Derek Macpherson said a quick scan of recent releases turned up roughly ten notable holes in a two-day window, spanning gold and copper-equivalent results from companies including Lake Victoria Gold, Free Gold, ATEX Resources and VR Resources. He attributed the volume to well-funded companies - many of which raised capital during the frothy financing window of late 2025 and early 2026 - finally reaching the drill bit with larger, multi-rig programmes than in past cycles. Despite the quality of results, Samuel Pelaez noted that most of the underlying stocks have moved only modestly, framing individual holes as a starting point for deeper diligence rather than a signal to react to immediately. He illustrated the point with VR Resources Ltd. (TSXV:VRR), whose strong copper-equivalent grade at its New Boston project in Nevada turned out to be molybdenum-led on closer inspection, and with Heritage Mining Corp., where a genuinely strong gold result failed to move the share price because of an unresolved warrant overhang from prior financings.Both Macpherson and Pelaez pointed to operational bottlenecks as a growing constraint on the pace of news flow. Assay laboratory turnaround times have roughly doubled industry-wide, and at least one Nevada-based lab has stopped accepting new clients. Macpherson cited a conversation with White Gold Corp. CEO David D'Onofrio, who described Yukon labs as overwhelmed by the scale of concurrent drill programmes in the territory - a dynamic likely to push meaningful drill-result reporting into the fourth quarter and beyond the traditional autumn conference season.This episode returned to a recurring theme: the scarcity of tier-one copper development projects. Pelaez cited comments from Mineral Resources Limited (ASX:MIN) chief executive Chris Ellison, who told investors on a results call that the roughly A$10 billion Australian miner intends to buy a copper project outside Australia within the next 12 months - a sign, in Pelaez's view, that copper demand is broadening well beyond specialist resource investors. Macpherson highlighted Rio Tinto's US$15 million strategic investment in Mogotes Metals Inc. (TSXV:MOG), closed on 27 August, as further evidence of major producers competing for exposure to early-stage assets in Argentina and Chile's Vicuña district, home to NGEx Minerals Ltd.'s (TSXV:NGEX) four significant discoveries. Closer to home, Olive continues to build positions in Edge Copper Corporation's (TSXV:EDCU) Zonia project in Arizona, Gladiator in the Yukon, and Valhalla in Alaska.Olive's preferred strategy is buying advanced development assets likely to be built or acquired this cycle, on the view that the valuation gap between developers and producers is typically widest early in a bull market, a gap they expect to become more pronounced in copper as competition for scarce, advanced assets intensifies.Sign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Colin Joudrie, CEO, Selkirk CopperOur previous interview: https://www.cruxinvestor.com/posts/selkirk-copper-mines-tsxvscmi-restart-developer-targets-mid-2028-production-10866Recording date: 26th August 2026Selkirk Copper Mines is executing a restart of the past-producing Minto copper-gold-silver mine in Yukon, Canada, an asset that operated successfully for 16 years before its most recent operator entered bankruptcy in 2023. Rather than building a new mine, Selkirk is rehabilitating existing infrastructure - a 4,100 tonne-per-day processing plant, underground and open-pit workings, a 400-person camp, water treatment facilities and grid power - an approach management argues meaningfully compresses both the capital and time required to reach production.The exploration case has strengthened materially over the past year. A Phase 1 drill programme of 52,288 metres, completed in mid-2026, underpinned an updated Mineral Resource Estimate showing a 182% increase in Measured & Indicated copper to 940 million pounds, alongside comparable increases in gold and silver. An ongoing Phase 2 programme, targeting 50,000 metres, is now more than 90% complete and running ahead of schedule, with recent assay results including a 13.12% copper-equivalent intercept at the high-grade Minto North zone and step-out drilling that suggests further expansion potential to the south. Roughly half of the resource growth is attributed to drilling success, with the remainder reflecting updated metal price assumptions.A structural feature distinguishes Selkirk's economics from the prior operation: a gold and silver streaming agreement that previously diverted precious metals revenue to an outside party was eliminated during the bankruptcy process. CEO Colin Joudrie describes this as a rare outcome that leaves the company with full exposure to gold and silver, which together represent roughly 35% of the deposit's value. Management also plans metallurgical upgrades - adding gravity recovery circuits and a permanent crusher circuit - intended to lift precious metals recovery and reduce milling costs relative to historical performance.The near-term roadmap is defined. A Preliminary Economic Assessment, incorporating the enlarged resource base, is targeted for completion in Q3 2026 and will provide the first formal cost and production estimate under Selkirk's ownership. A Feasibility Study is expected to begin around the end of September 2026, feeding into a final investment decision targeted for mid-2027, with first production targeted for mid-2028. Restart capital costs are currently expected to be in the range of C$200 million, financing for which - alongside potential offtake and streaming arrangements - is expected to be arranged over the next 12-18 months.Joudrie situates the restart within a broader copper market thesis: negative treatment and refining charges, ageing global mine supply, and recent major operational failures elsewhere have left the market structurally short, a gap he believes new, quickly-executed supply like Minto is well positioned to help fill. Risks include permitting amendment timing, which remains outside the company's direct control, Yukon-specific cost inflation in contract mining, and the execution risk of translating a substantially larger drill database into a coherent, financeable mine plan. The PEA release stands as the clearest near-term test of whether the exploration success translates into a credible economic case.Learn more: https://www.cruxinvestor.com/companies/selkirk-copperSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Luis Azevedo, Chairman and CEO, Bravo MiningOur previous interview: https://www.cruxinvestor.com/posts/bravo-mining-tsxvbrvo-double-grades-and-resource-up-to-236-million-tons-in-tier-one-pgm-deposit-7934Recording date: 25th August 2026Bravo Mining (TSXV:BRVO, OTCQX:BRVMF) is advancing its 100%-owned Luanga PGM+Au+Ni deposit in Brazil's Carajás Mineral Province through a Pre-Feasibility Study guided for Q3 2026, while simultaneously extending two secondary discoveries — a nickel-copper sulphide system at the Babylon target and an early-stage copper-gold exploration programme — that management believes could add materially to the project's long-term optionality.The immediate news is a set of assay results from drill hole DDH26LU347 at Babylon, adjacent to Luanga's North Sector. The hole intercepted 13.4 metres at 1.55% nickel, 0.33% copper and 2.02 g/t PGM+Au (including a higher-grade 6.7-metre interval at 2.25% nickel and 3.14 g/t PGM+Au), plus a separate 6.0-metre interval grading 6.81 g/t PGM+Au. CEO Luis Azevedo characterises the nickel-copper result as evidence the deposit could ultimately support underground mining grades in addition to its established open-pit resource, with a large Induced Polarisation anomaly at roughly 700 metres depth now queued for follow-up drilling.On the core PGM story, the PFS — pushed one quarter from Q2 to Q3 2026 — is being built around metallurgical testwork showing Jameson Cell flotation technology can lift platinum, palladium and gold recoveries by 5-10% and nickel recoveries by 5-30% against conventional Denver cells, while cutting mass pull by up to 50%. Glencore Technology has independently reviewed the metallurgical database and indicated it is prepared to issue performance guarantees on the assumptions. Azevedo argues the practical effect is a larger, more profitable pit rather than a simple recovery uplift, which is the stated reason the study needed the extra quarter.Bravo held approximately $94 million in cash at the time of interview, which management says funds the PFS, permitting and 2026 drilling without near-term dilution. Beyond the treasury, the company has structured but not yet drawn on two further levers: an indicative $280 million offer for a portion of its gold credit, and an existing $300 million credit line from Orion. A PGM offtake has drawn interest from multiple parties but remains unpriced pending bankable feasibility numbers.On permitting, Bravo already holds its preliminary licence and plans to submit for the Installation Licence within one to two weeks of the PFS release, targeting approval within six months to a year based on the company's track record with Brazilian regulators. A construction decision is targeted roughly six months after the PFS, with construction possible from mid-2028, pending a Q1 2027 resource update and a Q3 2027 Definitive Feasibility Study.The 2025 PEA's vertically-integrated smelter scenario has also become more attractive: rising sulphuric acid byproduct pricing lifts that case's NPV from approximately $1.2 billion to $1.68 billion versus the base concentrate-sale case, though management has not yet decided on timing.Separately, a copper-gold division led by 31-year Vale veteran Fabio Masotti is running IP surveying ahead of an 8,000-metre H2 2026 drill programme — a third, still unpriced source of optionality that management says could eventually support a standalone corporate structure if results warrant it.Learn more: https://cruxinvestor.com/companies/bravo-miningSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Anthony Moreau, CEO, American Eagle GoldOur previous interview: https://www.cruxinvestor.com/posts/american-eagle-gold-tsxvae-29-million-major-funding-for-multi-billion-ton-copper-gold-in-bc-6271Recording date: 25th August 2026American Eagle Gold Corp. (TSXV:AE | OTCQB:AMEGF) is advancing its 100%-owned NAK copper-gold porphyry project in British Columbia's Babine Porphyry District, and the past month has produced two of the strongest results in the company's history. NAK26-87, reported 18 August 2026, intersected 1,001 metres of 0.46% copper equivalent (CuEq) starting at surface, including 218 metres of 1.01% CuEq - a full kilometre of continuous copper-gold mineralisation and the longest intercept ever drilled at NAK. A week later, NAK26-89 returned 411 metres of 0.43% CuEq from 47 metres downhole, within a broader 880-metre interval of 0.30% CuEq, extending near-surface mineralisation roughly 250 metres east of the existing South Zone and opening a new target area along the southern margin of the Babine porphyry stock.Together, these results have grown the mapped South Zone footprint to more than 700 metres east-west by 600 metres north-south, with a high-grade core extending beyond 800 metres depth, and management believes the zone remains open in multiple directions. Three additional western step-out holes - NAK26-84, -86 and -88 - returned broad, consistent copper intercepts that extend the footprint further north and west, with positive implications for future open-pit design and strip ratio.The company is roughly a fifth of the way through an approximately 80-hole, 55,000-metre drill programme running through April 2027, with three rigs operating continuously. Management has now dedicated one rig specifically to the newly opened southern stock zone, an area it describes as among the least-tested but most prospective ground on the property, and the immediate next target is a follow-up to NAK23-09 - the 2023 "Teck Hole."American Eagle is well capitalised to execute this programme. As at July 2026, the company reported approximately $55 million in cash (with a subsequent release citing approximately $50 million), 205 million shares outstanding, and a market capitalisation of roughly $230 million at a share price of $1.12. Management states the company is funded through 2028 without need for near-term financing. Insiders and strategic shareholders control 53% of the share register, including South32 (19.9%), Teck (12.9%) and Eric Sprott (9.5%) - none of whom, according to CEO Anthony Moreau, have sold shares since investing.The investment case rests on combining a high-grade core with substantial surrounding bulk tonnage, a model management compares to Highland Valley. CEO Moreau has framed the strategy as proving NAK can become a mine within the current metal price cycle, positioning the asset for acquisition by a major producer. Road access, existing power and rail infrastructure, and a five-year Exploration Agreement with the Lake Babine Nation (signed August 2023) support a lower relative cost of capital versus more remote British Columbia projects.Key catalysts ahead include continued assay releases through April 2027 (roughly 74 of 80 planned holes remain unreported), results from the newly dedicated southern stock zone rig, ongoing metallurgical test work feeding a 2027 PEA, and a targeted maiden mineral resource estimate in 2027. The primary risk remains that NAK is still a pre-resource exploration asset: reported intercepts, while long and consistently mineralised, do not yet establish confirmed tonnage or grade, and copper equivalent figures rely on assumed metal prices and recoveries pending further metallurgical work.Learn more: https://www.cruxinvestor.com/companies/american-eagle-goldSign up for Crux Investor: https://cruxinvestor.com/subscribe

Interview with Keith Boyle, Director & CEO of New Found GoldOur previous interview: https://www.cruxinvestor.com/posts/new-found-gold-tsxnfg-construction-still-on-track-10918Recording date: 14th August 2026New Found Gold's transition from exploration company to emerging Newfoundland gold producer reached a milestone with its move to the TSX main board, a step CEO Keith Boyle frames as recognition of the company's operational progress over the past 18 months. The listing upgrade is intended to widen access to institutional capital and stock indices unavailable on the TSX Venture Exchange, with Boyle noting the company currently splits roughly 60% of trading volume on New York exchanges and 40% on the TSXV, and expects the TSX move to lift Canadian volume without reducing US liquidity.Operationally, the company is running a two-track strategy. Hammerdown, a smaller open-pit gold mine acquired as part of the Maritime Resources transaction, is being ramped toward a 20,000-25,000 ounce annual run rate and is expected to be declared in commercial production within months. Boyle was explicit that Hammerdown was never intended to be a major cash generator - its purpose is to cover general and administrative costs and exploration spend, freeing the balance sheet to focus on the larger Queensway project.Queensway itself is being built in phases rather than as a single large-scale mill, a decision Boyle said was made specifically to reduce the size of financing required at each stage. Phase one, a 700-tonne-per-day open pit feeding an expanded Pine Cove mill, is fully funded through to first ore delivery - targeted for the fourth quarter of next year - following a $220 million financing announced in April. The company expects production to climb toward 120,000-125,000 ounces annually by 2028 and 175,000-200,000 ounces from 2031, as later, larger phases come online.A key near-term catalyst is the forthcoming updated mineral resource estimate and preliminary economic assessment for Queensway. Rather than moving straight to a feasibility study, the company is choosing to publish an updated PEA so investors can see the full multi-phase project, since phases two and three have not yet received enough infill drilling to be classified beyond inferred resources. Phase one, by contrast, has been de-risked through 5-by-5-metre grade control drilling and orders already placed for the mill conversion, which Boyle said supports a feasibility-level capital cost estimate for that portion of the project.On exploration, New Found Gold is directing roughly 45% of its expanded 90,000-metre, $40-million-plus 2026 drill programme toward new discovery targets rather than infill - including strike extensions east of the high-grade core, ground picked up along the Appleton Fault from the November Exploits Discovery acquisition, and follow-up drilling at Pulse Pond/Greenwood Pond and Duder Lake. Boyle said per-ounce discovery costs have fallen from roughly $145 for the initial resource to below $100 currently, comparing favourably with M&A-driven ounce additions in the sector, which he put at $500-600 per ounce. For investors, the story combines a funded near-term production ramp with an aggressive, discovery-weighted exploration budget, and the updated Queensway study will be the next major data point to watch.View New Found Gold's company profile: https://www.cruxinvestor.com/companies/new-found-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Meredith Eades, President and CEO, EraNova Metals  Our previous interview: https://www.cruxinvestor.com/posts/eranova-metals-dual-path-critical-minerals-play-with-30-million-infrastructure-advantage-in-canada-9037Recording date: 24th August 2026EraNova Metals has released the first independent economic study on its Adanac Molybdenum Project since 2008, and the numbers give investors a concrete basis for evaluating a story that has, until now, rested largely on historical potential. The Preliminary Economic Assessment (PEA), prepared by Tetra Tech Canada, values Adanac at a C$714.4 million after-tax NPV with a 23.5% IRR and a 2.6-year payback, using a US$25.00 per pound long-term molybdenum price. At the current spot price of US$31.91 per pound, President and CEO Meredith Eades said the after-tax NPV rises to C$1.29 billion, with IRR climbing to 30.2%.What separates Adanac from many junior molybdenum stories is the amount of work already completed. The project was drilled more than 73,000 metres, advanced through a full feasibility study, and received an Environmental Assessment Certificate in 2007, before the 2008 financial crisis halted construction. EraNova estimates the value of this historical infrastructure at more than C$100 million - road access, site works and engineering that a typical greenfield developer would need years and substantial capital to replicate. Combined with a mineral resource that is 93% Measured and Indicated, the technical foundation for a Feasibility Study is already largely in place, reducing the need for extensive further drilling.The macro backdrop adds to the case. Around 90% of the world's molybdenum supply arrives as a by-product of copper mining, and as copper operations increasingly move underground, by-product molybdenum grades and volumes are under pressure. That leaves relatively few primary molybdenum developers positioned to meet growing demand from high-strength steel applications in pipelines, energy infrastructure, aerospace and defence.Eades is explicit that EraNova is not attempting to raise its full C$953.3 million initial capital requirement in one step. Instead, the company is using the PEA as a credibility milestone to open conversations with government funding programmes, strategic partners and potential off-takers, including molybdenum consumers such as Freeport, Centerra and Molymet. A roughly 3,000-metre engineering support drilling programme is planned to advance toward Feasibility, alongside an updated environmental assessment process conducted in continued engagement with the Taku River Tlingit First Nation.Against a market capitalisation the company puts at approximately $10 million, the PEA's economics represent a significant disconnect from the underlying asset value - if the numbers hold through Feasibility. Risks remain: the project still requires a full Feasibility Study, updated permits, and a near-billion-dollar capital build, all of which carry execution and dilution risk as capital is raised in stages. For investors willing to accept pre-production development risk, EraNova offers a rare primary molybdenum exposure with an unusually advanced permitting and engineering head start, plus exploration optionality across the wider Ruby Creek property - including high-grade silver, gold and tungsten targets - that could deliver catalysts independent of the molybdenum development timeline.Learn more: https://www.cruxinvestor.com/companies/eranova-metalsSign up for Crux Investor: https://cruxinvestor.com

Paul Hemburrow is the CEO and Managing Director of Paladin Energy, he joins James Willis to discuss the surge in demand for Uranium and why Australia is missing out on the abundance of the commodity under our soil.See omnystudio.com/listener for privacy information.

Recording date: 21st August 2026Omai Gold Mines emerged as the central focus of Olive Resource Capital's latest market review after releasing a preliminary economic assessment that highlighted the project's potential scale. At a gold price of $3,600 per ounce, Omai's after-tax net present value was estimated at $4 billion, increasing to $5.5 billion at $4,200 gold. The study outlined average annual production of 350,000 ounces over an 18-year mine life, including several years above 400,000 ounces, and $8.1 billion in cumulative undiscounted cash flow. Although the market initially reacted cautiously, Olive argued that investors are still adjusting to the multibillion-dollar capital requirements of large mine developments in a higher-gold-price environment.Olive also viewed Prospector Metals' sharp selloff as a potential opportunity. The company's shares fell about 40% following early Yukon drill results that did not immediately match the prior year's standout intercepts. However, only two full holes and part of a third had been reported from a 44-hole program. With the company funded for its drilling campaign and management indicating it had identified a high-grade structural core, Olive added shares at approximately $0.80 to $0.90. The stock subsequently rebounded roughly 25% from its low.K92 Mining reported more than US$300 million in quarterly cash flow and reached a net-cash position while advancing its Stage 3 expansion. The company also announced a planned CEO succession, with John Lewins becoming non-executive chairman and internal executive David Medilek taking over as CEO. Olive characterized the change as a continuity move rather than a change in strategy.The broader second-quarter reporting season reinforced copper's growing importance. Copper accounted for more than half of BHP's EBITDA while being Rio Tinto's largest contributing group (alongside aluminum and lithium), both firsts. Supply disruptions, constrained inventories and US stockpiling contributed to tighter copper markets. This renewed attention on miners with copper exposure, including DPM Metals, which generated record revenue and free cash flow. Olive was more cautious on Eldorado Gold, arguing that McIlvenna Bay is principally a zinc asset despite being widely described as a copper project.Sign up for Crux Investor: https://cruxinvestor.com

Atomic Eagle CEO Phil Hoskins stated: “Re-establishing our interest in Madaouela represents a transformational outcome for Atomic Eagle significantly increasing our resource base and adding a second advanced uranium project to our project portfolio. Madaouela is a large, high-grade uranium asset supported by an extensive body of historical work, and we see clear opportunities to further define and optimise the Project's development potential. This agreement has been achieved through constructive engagement with the Government of Niger and delivers a strong, commercially balanced outcome following a period of dispute. I would like to thank Niger's Minister of Mines, His Excellency Colonel-Commissioner Abarchi Ousmane and his team for sharing our commitment to finding a mutually beneficial solution to the historical dispute.” Atomic Eagle has agreed terms of a mining convention with the Republic of Niger to re-establish its interest in the Madaouela Uranium Project, which hosts a Mineral Resource of 116.5Mlbs U₃O₈ (Canadian NI43-101 estimate). The addition of the Madaouela Project, alongside a 58.8Mlbs U₃O₈ JORC Mineral Resource at AEU's flagship Muntanga Project in Zambia, establishes a dual-asset uranium development platform with materially increased scale and portfolio depth. Supported by extensive historical drilling and prior technical studies, Madaouela provides a substantial foundation for further evaluation and optimisation, while increasing the Company's flexibility to pursue a range of development, funding and strategic pathways 00:00 Intro 00:33 Madaouela Update 01:11 Negotiations Success 02:55 Ownership Terms 04:38 Valuation Impact 06:11 JORC Conversion Plan 07:59 Two Project Strategy 09:48 Permitting Timeline 10:50 Political Risk 12:46 Cash and Options 13:49 OTCQX Expansion https://atomiceagle.com.au/ ASX: AEU - OTCQB: AEUXF Press Releases Discussed: https://wcsecure.weblink.com.au/pdf/AEU/03124575.pdf https://wcsecure.weblink.com.au/pdf/AEU/03124577.pdf Sponsor Atomic Eagle pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found in Atomic Eagle's most-recent company slide deck found at www.AtomicEagle.com.au applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

FBI Director Kash Patel met with tribal law enforcement partners in Albuquerque, New Mexico last week. The visit comes on the heels of the agency launching a new tool to raise public awareness over missing and murdered Indigenous cases. KJZZ's Gabriel Pietrorazio has details. It is called Voices Not Forgotten, a webpage featuring select, unsolved crimes across Indian Country where the FBI is seeking the public's help by offering $25,000 minimum rewards. That includes the high-profile homicides in Arizona of Maleeka “Mollie” Boone and Emily Pike. But as Deiandra Reid with the Albuquerque nonprofit Coalition to Stop Violence Against Native Women notes, this tool is not exhaustive. “You know, I looked at this website that they have, and I didn't see my sister on there.” Twenty-two years ago, Navajo teenager Tiffany Reid went missing while walking to high school in Shiprock, New Mexico. Decades prior, a 9-year-old Navajo girl disappeared from nearby Gallup, New Mexico. “Anthonette Cayedito is on there, and she's [been] missing for about 40 years, so I don't see what the difference is between her case and my sister's case. And a lot of times, our relatives fall through the cracks. The visibility is very important, but it's not the finish line.” The Pinyon Plain Mine, as seen from the air in November 2019, is owned and operated by Energy Fuels Inc., which has extensive Canadian roots: (Photo: Ryan Heinsius / KNAU) There has been a surge of mining companies looking to dig for minerals in the Southwest, including near tribal communities. KNAU's Chris Clements explains why so many of these companies are Canadian. It boils down to this: Canada has a unique tax system that allows mining companies that are exploring projects to pass their costs along to investors. John Steen, a professor at the University of British Columbia, says Canada is home to hundreds of those companies. “They’re hearing that the regulatory regime is, you know, maybe as not as tight as it was, and they’re seeing the U.S. as an attractive place for investment and exploration.” Steen says Canadian firms are responding to President Donald Trump's push to end reliance on China for critical minerals. Take Chakana Copper, which is using a subsidiary to explore mining copper on the Navajo Nation. Or Laramide Resources, which wants to mine uranium near the site of the largest release of radioactive mining material in U-S history. James Hopkins, an associate professor at the University of Arizona, says the reason for that is due in part to the rollback of mining regulations. And that's had consequences. “The growth in uranium mining in the United States is unprecedented. With the increased deregulation, you’re seeing these conflicts arising more and more with respect to tribal lands and tribal resources.” Hopkins says the flurry of mining projects, including some proposed by Canadian companies, is causing pushback from tribes who have long borne the environmental consequences of mining. Opponents of a proposed project to drill for uranium in the southern Black Hills listen to a meeting of the Board of Minerals and Environment at the Joe Foss Building in Pierre, South Dakota, Aug. 20, 2026. (Photo: Meghan O'Brien / South Dakota Searchlight) The South Dakota Board of Minerals and Environment took actions affecting two proposed uranium projects in the Black Hills. South Dakota Searchlight's Meghan O'Brien has more. The Dewey-Burdock Project has been on hold for more than a decade. Project leaders want to mine for uranium near Edgemont in the southern Black Hills. Uranium is a metallic, radioactive element used as fuel in nuclear weapons and nuclear power plants. Interest in uranium exploration and mining has risen recently. That is in response to nuclear energy's potential to supply electricity for data centers. The project needs federal, state, and local permitting. After being held up by legal challenges, it secured the remaining federal permits it needs and will start seeking state permits. The Board of Minerals and Environment approved a socioeconomic study, which will help the board understand the economic, environmental, and community impacts of the project. The board also continued discussions on a separate request to drill holes in search of uranium near Craven Canyon, in the same general area of the southern Black Hills. A new state law requires the board to have language interpretation services available at hearings for those who need it, such as Lakota speakers. Some of the project opponents are members of Lakota tribes. A lawsuit by a project opponent against the board alleges it violated due process because an interpreter was not available on the first day of a May permit hearing. The lawsuit is ongoing in federal court and the hearing is on hold. Opponents to the drilling project say it could endanger the canyon walls which are lined with ancient Native American petroglyphs. Others say Native American spiritual practices at the site could be disrupted and the drilling could endanger local water sources. Get National Native News delivered to your inbox daily. Sign up for our daily newsletter today. Download our NV1 Android or iOs App for breaking news alerts. Check out today’s Native America Calling episode Monday, August 24, 2026 — Native in the Spotlight: Dr. Lori Arviso Alvord

Interview with Phil Hoskins, CEO of Atomic EagleOur previous interview: https://www.cruxinvestor.com/posts/atomic-eagle-asxaeu-all-known-questions-answered-april-2026-10323Recording date: 3rd August 2026Atomic Eagle Limited (ASX:AEU | OTCQX:AEUXF) has negotiated the return of its Madaouela Uranium Project in Niger, transforming the company from a single-asset Zambian developer into a dual-asset uranium play with a combined resource base spanning two continents. The deal, agreed in principle after seven months of negotiation with Niger's Ministry of Mines, follows the 2024 expropriation of the project from Atomic Eagle's subsidiary GoviEx Uranium and the international arbitration proceedings that followed.The scale differential between the two projects is significant. Madaouela hosts 116.5 million pounds of U3O8 at 1,282ppm - roughly twice Muntanga's resource size and four times its grade - underpinned by more than $160 million of historical expenditure and 600,000 metres of drilling. At current uranium prices, management estimates the project's net present value at approximately $650 million US, with each $5-per-pound price increase adding a further $100 million.The commercial terms give Atomic Eagle 60% ownership of a newly formed Nigerien entity, with the government holding 40% - 15% as a standard free-carried interest and up to 25% as a contributory stake that dilutes if unfunded. Near-term cash outlay is limited to $10 million US in staged payments, plus a non-cash offer to carry the government for up to $40 million of its equity contribution. Critically for investors assessing execution risk, operational control - budgets, work programmes, and day-to-day decisions - sits unambiguously with Atomic Eagle, with no unanimous consent requirements from the government side.The company now has a two-year window to update feasibility studies, reapply for environmental approvals, and convert the historical NI 43-101 resource estimate into a JORC-compliant figure, targeted for the second half of 2026. With $13.8 million in cash as at 30 June 2026 and a further $16 million potentially available through early option exercises by strategic holders, management believes funding is adequate to meet these near-term obligations without an immediate capital raise.Management was explicit that Madaouela is not intended to divert resources or attention from Muntanga, which continues to grow toward a resource approaching 60 million pounds, supported by its own dedicated exploration and study teams. CEO Phil Hoskins framed the valuation opportunity in relative terms: African uranium developers currently trade around $3 a pound, which applied to Atomic Eagle's 60% attributable Madaouela resource implies roughly $210 million Australian in additional value - a figure he suggested could be exceeded given strategic interest already expressed by parties including the White House and major Chinese uranium companies, though he cautioned this depends on Atomic Eagle first demonstrating the deal's credibility to the market.Formal signing of the mining convention is imminent. Until then, the agreement remains non-binding, and investors should treat the current terms as indicative rather than final.View Atomic Eagle's company profile: https://www.cruxinvestor.com/companies/atomic-eagleSign up for Crux Investor: https://cruxinvestor.com

Henry Sokolski warns that while nuclear negotiations focus heavily on Iran's uranium, Iran has a neglected second path to weapons: hundreds of bombs' worth of plutonium stored at the Bushehr plant. Sokolski also criticizes the geopolitical reliance on Elon Musk's Starlink, arguing that a private company should not make critical military decisions, such as approving Ukrainian drone strikes inside Russia. In Asia, Sokolski addresses North Korea's estimated arsenal of 57 nuclear weapons. Finally, he discusses gray-zone warfare with Russia and the debated trillion-dollar cost of the proposed "Golden Dome" U.S. missile defense system. (7)

Where are the best opportunities in commodities — and where can investors get burned?Jonathan Wellum breaks down how he approaches gold, silver, copper, uranium, rare earths and mining stocks, while explaining why some parts of the commodity sector can be highly cyclical and speculative.Wellum discusses why investors should understand their “circle of competence,” the risks of picking individual junior miners, and why ETFs or professionally managed vehicles may make more sense for gaining exposure to niche commodity themes.He also takes viewers inside the due-diligence process, explaining what professional investors look for before deciding whether a promising mining story is actually investable.

Jeff Malec sits down with Josh Blanchfield of Avos to trace his path from physics at Harvard, poker pro, and 11 years at Bridgewater (including co-heading the trading desk during Lehman) to running a concentrated, risk-aware commodities and macro shop. Josh explains why China is “ground zero” for global commodities, detailing how its import cuts, stockpiling, and scrap policies have shaped oil, copper, gold, and uranium, and why understanding flows and participant behavior matters more than neat top-down supply-demand models. He breaks down how Avos blends macro with very granular micro, like Chinese spec flows around Lunar New Year, refinery outages, crack spreads, and uranium's inelastic buyers, to build convex, options-heavy trades that aim to capture upside tails while avoiding the classic commodity-fund blowup. Along the way, they dig into the realities of radical transparency at Bridgewater, the limits and promise of AI as a “research team we never hired,” the risks of an AI-driven labor shock, the true drivers of the dollar's dominance and petrodollar fears, why he's skeptical on small modular reactors but bullish nuclear, and how his Substack and broader investment philosophy challenge received wisdom on everything from munis to equity valuations. - SEND IT!Chapters:00:00-01:19= Intro01:20-09:01= From Boulder Trails to China's Oil Trap: Josh's Origin Story and DB Cooper Commodities09:02-19:27=China's Dollar Dilemma, Gold Grab, and the Real Story Behind Commodity Power19:28–30:36 = From Poker Tables to Lehman's Collapse: Josh's Bridgewater Baptism by Fire30:37–37:57 = AI, Jobs, and Impossible Growth: Rethinking the Macro Behind the Magnificent Seven38:38–49:04 = Gold Flows, Burning Refineries, and the Uranium Edge49:05–56:26 = Capacity, Convexity, and Why Small Nuclear Isn't So Small56:27–01:09:15 = Munis, Myths, and Moneyball: Josh's Skeptical Playbook and Pop-Culture LensFrom the Episode:PODCAST:“Dr. Copper”: From Chilean Mines to Chinese Smelters to AI Data Centers in the US – with Kurt Nelson & Natalie Scott-GrayPODCAST:Going Nuclear: How Uranium is Powering Portfolios with Trevor Hall & Justin HuhnPODCAST:OpenSnow's Joel Gratz built a Pod Shop for Powder Days: the PMs are Meteorologists and the Returns are FaceshotsBLOG:The Definitive List of the Best Investing MoviesFollow along with Josh and Avos ⁠on LinkedIn and Substack, and be sure to check out avos.co to learn more about what they are up to.Don't forget to subscribe to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠⁠⁠⁠⁠

Chris Temple, Founder and Publisher of The National Investor, joins us for a wide-ranging discussion on financial markets, monetary policy, commodities, and investing.He shares his perspectives on U.S. debt and interest rates, gold, copper, and uranium, as well as the growing energy and raw material demands associated with AI and critical mineral supply chains. He also discusses his approach to evaluating resource companies and managing portfolio risk as market conditions change.For more information on Chris and The National Investor, visit https://www.nationalinvestor.com/.Watch the full YouTube interview here: https://youtu.be/BAW-BbQDbtkAnd follow us to stay updated: https://www.youtube.com/@stockstowatchofficial 

Interview with Alan Carter, President & CEO of Cabral Gold Inc.Our previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-85-built-q4-production-district-growth-ahead-11014Recording date: 14th August 2026Cabral Gold has reached a pivotal stage in developing its Cuiú Cuiú gold district in Pará State, Brazil, having secured the Operating Licence (LO) needed to begin leaching gold from its first heap leach pad. The licence, granted by the state environmental authority SEMAS/PA, follows the earlier Preliminary Licence and sits alongside a separate approval from Brazilian military authorities covering the purchase and transport of cyanide which both prerequisites for gold recovery under the company's Phase 1 gold-in-oxide operation.Construction of the wet processing circuit, the last major piece of the build, is over 90% complete. The ADR plant which is built in Australia and shipped to site has finished mechanical assembly, with electrical work more than 90% done and commissioning under way. The simpler dry circuit, covering ore crushing, agglomeration and stacking, is already commissioned and operating. Ore is being mined, stacked and prepared for irrigation, which CEO Alan Carter expects to begin within days.Management's updated timeline puts first gold production in September 2026, around six weeks earlier than originally planned, with full commissioning wrapped up by late September and a ramp-up toward commercial production - defined internally as 60-70% of design throughput - through the fourth quarter. The company has deliberately avoided issuing formal 2026 production guidance given the number of ramp-up variables involved in a first-time mine build, though guidance is likely for 2027.Economically, the early mine life looks favourable relative to the broader resource. Infill drilling at the first deposit being mined points to average grades near 1.5 g/t gold over the first 12-18 months, roughly double the 0.7 g/t life-of-mine average, with life-of-mine costs guided at approximately US$1,200 an ounce against a gold price recently around US$4,300 an ounce. Management expects Phase 1 to generate at least US$50 million a year in cash flow once ramped up, which it intends to direct toward repaying a 39-month gold loan (signed in November 2025) and funding an active six-rig exploration programme, rather than raising further equity.The larger opportunity, as Carter frames it, is Stage 2: unweathered hard-rock gold beneath the oxide caps now being mined, which he says represents roughly three-quarters of the district's current resource. With six known gold deposits, five confirmed to carry oxide caps, and around 50 untested peripheral targets across the district, management plans to update Cuiú Cuiú's global resource estimate by year-end and, depending on the outcome, potentially advance a preliminary economic assessment on the hard-rock opportunity in the first half of 2027.Near-term risks centre on commissioning execution through the wet circuit and the inherent uncertainty of ramping up a new operation, while the current trial mining licence's 500,000-tonne cap - below the 1-million-tonne throughput contemplated in the Pre-Feasibility Study - remains a near-term constraint pending an expected licence upgrade. The project also recorded its first Lost Time Incident during the update period, a non-critical injury, against a Lost Time Injury Rate of 0.34 per 200,000 hours worked.View Cabral Gold's company profile: https://www.cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Heather Smiles, VP External Affairs & Corporate Development of Electra Battery MaterialsOur previous interview: https://www.cruxinvestor.com/posts/electra-battery-materials-nasdaqelbm-north-americas-first-cobalt-refinery-targets-2027-start-8710Recording date: 14th August 2026Electra Battery Materials is constructing what will be North America's only battery-grade cobalt sulfate refinery, located in Temiskaming Shores, Ontario. The project addresses a structural gap in the continent's battery supply chain: outside of a single Finnish facility, essentially all cobalt sulfate refining capacity sits in China, leaving North American EV, electronics and defence manufacturers dependent on a supply chain they don't control.The company has secured $84 million in financing to fund construction through mechanical completion, targeted for Q2 2027, with commercial production expected later that year. That financing includes $48 million in direct government support across three jurisdictions - the U.S. Department of War, the Canadian federal government, and Ontario - reflecting what management characterises as a broader shift toward governments taking direct financial stakes in strategic midstream infrastructure rather than relying solely on private capital.Commercially, the refinery's initial 5,100-tonne annual capacity (expanding to 6,500 tonnes) is anchored by a tolling agreement with LG Energy Solution covering 60% of output. The agreement uses a collar structure, with a floor protecting Electra's margins if cobalt prices fall and a ceiling preventing LG from overpaying in a price spike - management estimates this alone could generate $30-32 million in annual EBITDA at full run-rate. The remaining 40% of capacity is not yet contracted, and management is still weighing how much market exposure to take on for that portion versus locking in further tolling arrangements. Reported expressions of interest for offtake run at roughly 2-3x the refinery's initial nameplate capacity, suggesting more demand than the facility can currently supply.Feedstock is secured through supply agreements with Glencore and Eurasian Resources Group, covering material sourced from the Democratic Republic of Congo, which produces roughly 80% of the world's cobalt.Beyond the core refinery, Electra is pursuing several growth vectors: an engineering study for a nickel sulfate refinery in the southeastern United States (addressing a similar midstream gap in a second critical mineral), black mass recycling capability, and cobalt-copper exploration assets at the Iron Creek project in Idaho's Cobalt Belt, which management is evaluating as potential future feedstock rather than near-term production.Demand-side fundamentals remain supportive: cobalt demand for lithium-ion batteries grew roughly 30% in 2025, driven primarily by EV adoption outside North America, alongside growing demand from consumer electronics and an emerging defence-sector use case. A new U.S. policy requiring domestically produced black mass to remain in-country for one year signals policymaker intent to support onshore refining capacity, though management characterises it as an early, limited step rather than a comprehensive solution.View Electra Battery Materials' company profile: https://www.cruxinvestor.com/companies/electra-battery-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Alberto Orozco, CEO of Capitan SilverOur previous interview: https://www.cruxinvestor.com/posts/capitan-silver-tsxvcapt-60000m-drilling-to-prove-scale-at-cruz-de-plata-9531Recording date: 11th August 2026Capitan Silver Corp. (TSXV:CAPT) is advancing its Cruz de Plata silver-gold project in Durango, Mexico, through a fully-funded 60,000 metre drill programme in 2026 - a 400% increase over the prior year's campaign and more than double all historic drilling on the property combined. CEO Alberto Orozco told Crux Investor the company is roughly halfway through the programme, with four rigs (one RC, three diamond) now active and the drill rate accelerating as additional rigs have come online through the year.The project's most advanced target, the Jesus María trend, has been drilled along a continuous strike length of 2.5 km, part of a broader 3.7 km surface-sampled mineralised trend and a cumulative 21 km of vein structures identified across the consolidated property. Historical and recent drill results include intercepts of up to 1 kg/t silver over two to three metres, within broader zones as wide as 40 m grading 100-300 g/t AgEq. Orozco was clear the project is a primary silver system rather than a base-metals story: silver represents 75-95% of AgEq value depending on location, and a west-to-east metal zonation pattern is being used to vector toward the deeper part of the system.Management's stated priority for 2026 is proving scale rather than rushing a resource. Because the current programme is focused on step-out rather than infill drilling, any near-term resource estimate would be classified as inferred. Orozco indicated an internal benchmark of roughly 100 Moz AgEq for a credible first resource, a figure he said the company does not expect to be far from once the current programme concludes, though further drilling would be needed to build density around any initial estimate.Financially, Capitan Silver raised C$29 million in late 2025 to fund the expanded programme and reported a market capitalisation of $212.0 million as of August 2026. Over 70% of the share register is tightly held, with no free founder shares and most shares issued at $0.20. Two of the last three financings priced at a premium of more than 30% to market, each led by a new strategic investor, Jupiter Gold & Silver Fund, Michael Gentile and Construplan are the top three shareholders. Management has also contracted to remove all remaining project royalties.The company positions Cruz de Plata within the intermediate sulphidation epithermal deposit class responsible for several major Mexican silver discoveries and recent billion-dollar M&A transactions, including Las Chispas, Los Gatos and Juanicipio. Peer-comparison data prepared by Stifel Canada shows Capitan trading at a discount to the average resource-stage peer on both market capitalisation and enterprise value. For investors, the key watch items through the remainder of 2026 are continued assay flow from the deeper, western portion of the Jesus María trend and from newly-permitted step-out targets, with a maiden resource estimate representing a later-stage catalyst rather than a near-term one.Learn more: https://cruxinvestor.com/companies/capitan-silverSign up for Crux Investor: https://cruxinvestor.com

Interview with Mark Selby, CEO of Canada NickelOur previous interview: https://www.cruxinvestor.com/posts/nickels-next-chapter-tight-supply-steady-demand-and-higher-price-floors-11311Recording date: 13th August 2026Canada Nickel Company Inc. (TSXV:CNC) has reached a milestone that few Canadian mining developers achieve: a positive federal decision statement for its 100%-owned Crawford Nickel-Cobalt Sulphide Project, the first project to complete Canada's Impact Assessment Act process from application through to decision since the legislation came into force in 2019. CEO Mark Selby frames the approval as a de-risking event on three fronts: it differentiates Crawford from peer projects still mid-permitting when courting strategic partners; it removes a major source of hesitation for larger institutional investors who had been waiting on permitting clarity; and it strengthens Canada Nickel's standing with government funding bodies already engaging with the company.That standing is reflected in Crawford's selection as one of five projects referred to the federal Major Projects Office, the earliest-stage project among that group, and as one of three projects named to Ontario's One Project, One Process fast-track framework, alongside a Thunder Bay lithium project and Kinross's Great Bear gold project.On financing, Selby laid out a capital stack in which government-linked sources do much of the heavy lifting. Of the approximately $1 billion in equity Canada Nickel needs to build Crawford, $600 million is covered by refundable investment tax credits, and a further $100 million comes from a Samsung commitment. The company is working with Scotiabank and Deutsche Bank on an additional $100-200 million through a further project stake sale or structured offtake financing. On the debt side, a letter of intent from Export Development Canada is progressing toward a term sheet, backed by four years of dialogue with global export credit agencies, and a roughly two-month-old mandate with Scandinavian bank SB1 Markets is intended to produce a bridge facility that draws on tax credits during construction rather than after.The company closed a $20 million financing overnight ahead of this interview, taken up entirely by a single family office, and separately upsized a non-brokered private placement on  from C$15.0 million to up to C$21 million in gross proceeds, scheduled to close around August 28, 2026. Selby flagged further financing initiatives expected in October and November 2026.With funding in hand, Canada Nickel is moving into detailed engineering and long-lead procurement, targeting a construction decision by mid-2027 and breaking ground by the end of that year, a schedule that has slipped from the year-end 2026 target in Crux's earlier coverage. Seasonal construction constraints in the Abitibi region mean any further delay risks pushing activity into the following year's window.Beyond Crawford, Selby pointed to the Reid Nickel Sulphide Project, roughly 39 kilometres northwest of Timmins, where August 2026 drilling returned the highest-grade intervals reported to date: 1.01% nickel over 4.5 metres within a broader 576.6-metre interval averaging 0.29% nickel. Reid's current resource stands at 0.87 billion Indicated tonnes and 1.45 billion Inferred tonnes, part of what Selby describes as a wider Timmins Nickel District pipeline behind Crawford.View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com

Interview with Keith Henderson, President & CEO of Latin MetalsOur previous interview: https://www.cruxinvestor.com/posts/latin-metals-tsxvlms-the-prospect-generator-model-few-juniors-follow-10250Recording date: 14th August 20206Latin Metals Inc. (TSXV:LMS) has added a third active partner-funded project to its portfolio with an ongoing agreement with Minsur, a private Peruvian mining company already in a 75/25 joint venture with Newmont on adjacent ground to cover the Lacsha copper-molybdenum porphyry project in southern Peru.Under the deal outlined by CEO Keith Henderson, Minsur can earn an initial 75% interest in Lacsha by completing 60,000 metres of drilling over six years and paying Latin Metals approximately $2.5 million in cash, a commitment Henderson estimated at roughly C$40 million in Minsur-funded exploration spending. Once that threshold is met, Minsur holds a time-limited option to acquire the remaining 25% for C$28 million which would leave Latin Metals with a 2% net smelter return royalty. Minsur separately holds a three-year option to buy 1% of that royalty for a further $20 million. Combined, Henderson said, the structure could deliver a little over $42 million in cash coming into the company.Latin Metals generated Lacsha internally, spending approximately $900,000 (CAD) on staking, mapping, geochemistry and geophysics before bringing in a partner - notably more than the company's typical $200,000-$300,000 generative budget per project, which Henderson attributed to years of incremental exploration work culminating in a stronger-than-usual technical package. Lacsha's location directly south of Minsur's existing Newmont joint venture ground gives the new partner a clear strategic rationale to test the structural and geochemical extension onto Latin Metals' claims.The Lacsha deal brings Latin Metals' total under-contract partner investment to approximately $120 million, spanning Lacsha, Cerro Bayo and La Flora (Daura Gold), and Zaha (Moxico Resources), all funded externally against a corporate budget Henderson described as flat at $3 million per year. Management is targeting further deals across the remaining pipeline including Organullo, Crosby and an Argentine sediment-hosted copper package during 2026, which it expects could push cumulative under-contract investment toward $150-180 million.Near-term catalysts sit with the Argentine silver-gold assets rather than Lacsha itself: Daura Gold's Phase II drill programme at Cerro Bayo is scheduled for Q3 2026, alongside the first drill test of the high-grade La Flora vein system, where surface sampling has returned grades as high as 82 g/t gold and 1,239 g/t silver historically. Combined partner-funded drilling across the portfolio is expected to reach approximately 18,000 metres in 2026.On financing, Henderson said Latin Metals expects roughly C$1.8 million from warrant exercises in September 2026, with warrants priced at 15 cents against a share price near 25 cents, a gap management is relying on to avoid raising additional equity capital through 2026 and 2027. As with all early-stage option structures, the eventual scale of Lacsha's payoff depends on drill results Latin Metals will not itself control, since the company does not intend to operate the project once Minsur's drilling begins.View Latin Metals' company profile: https://www.cruxinvestor.com/companies/latin-metalsSign up for Crux Investor: https://cruxinvestor.com

Interview with Darrin Campbell, President & CEO of Namibia Critical Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/namibia-critical-metals-tsxvnmi-japan-backed-path-to-dfs-in-q2-2027-9891Recording date: 13th August 2026Namibia Critical Metals (TSXV:NMI) has reached a pivotal moment in the development of its Lofdal Heavy Rare Earth Project in Namibia. In July 2026, the Japan Organization for Metals and Energy Security (JOGMEC) and Toyota Tsusho Corporation completed a C$23 million earn-in commitment, roughly 18 months ahead of the original March 2028 schedule, securing a combined 50% participating interest in the project. The two partners formed TJ Namibia Rare Earths Corporation (TJNREC) to hold that interest, and JOGMEC has separately committed up to C$47.668 million (approximately ¥5.5 billion) to capitalise the new entity, funding Lofdal through Definitive Feasibility Study completion and toward a Final Investment Decision.Critically, all project funding from this point forward is structured as non-interest-bearing, non-dilutive Pre-FID Capital Funding - a mechanism CEO Darrin Campbell described as a temporary free carry that removes near-term financing risk without forcing Namibia Critical Metals to make a dilution decision until FID itself. The company retains the option to participate at up to 45% ownership or dilute to a carried floor of 21%, with management signalling a preference to retain maximum exposure given the project's economics.The economics, laid out in a December 2025 PFS, show a 13-year mine life producing 2,000 tonnes of total rare earth oxide annually, including significant dysprosium, terbium and yttrium output. A base case using moderate pricing generates a $275 million after-tax NPV and 19% IRR on $348 million of capex; a divergent case reflecting the elevated non-Chinese pricing seen over the past 18 months delivers a $748 million after-tax NPV and 35% IRR. Campbell noted current market conditions increasingly resemble the divergent scenario.Technical work continues in parallel. A 13,000-metre, 83-hole drill programme launched in June 2026 is targeting a maiden resource at the Area 5 xenotime system, the project's first deep test hole at Area 4 to approximately 800 metres for underground mining studies, and infill drilling at Area 2B. SGS has been awarded pilot-scale flotation and hydrometallurgical testwork contracts aimed at producing separated - rather than mixed - light and heavy rare earth products, which Campbell said better matches offtaker demand. A DFS completion target of Q3 2027 is intended to lead into an FID shortly after.Despite this de-risking and the depth of sovereign-industrial backing, Campbell argues the market continues to price Lofdal as an early-stage exploration story, at roughly 0.15-0.2x price-to-NAV versus 0.4-0.8x for comparable PFS/DFS-stage peers. He attributes the gap to thin liquidity, minimal institutional coverage as the company has not needed to raise meaningful capital in six years due to JOGMEC funding, and market confusion over the earn-in's dilution mechanics. Final offtake pricing terms with the Japanese consortium remain under negotiation, representing a further catalyst to watch as the project approaches FID.View Namibia Critical Metals' company profile: https://www.cruxinvestor.com/companies/namibia-critical-metals-incSign up for Crux Investor: https://cruxinvestor.com

Interview with Nick Appleyard, CEO, TriStar GoldOur previous interview: https://www.cruxinvestor.com/posts/tristar-gold-tsxvtsg-legal-resolution-could-unlock-100m-in-shareholder-value-8034Recording date: 13th August 2026TriStar Gold Inc. (TSXV: TSG) is a Brazil-focused gold developer whose sole asset, the Castelo de Sonhos project in Pará State, presents one of the more striking valuation disconnects among development-stage gold names in the Americas. The May 2025 pre-feasibility study update outlines 1.4 million ounces of probable reserves at 1.1 g/t gold, with total indicated and inferred resources of 2.5 million ounces inclusive of reserves. At the study's $2,200/oz gold base case, the project generates a post-tax internal rate of return of 40% and a post-tax net present value of $603 million against initial capital of approximately $296 million, rising to a 72% IRR and $1.35 billion NPV at $3,200/oz gold. Mining is shallow open pit with 98% recovery and no sulphides, and the deposit remains open along an approximately 19km strike of mineralised conglomerate reef.Despite those economics, TriStar's market capitalisation stood at just C$63.6 million as of end-July 2026, a valuation that puts the company at roughly $20 per ounce of measured and indicated resource against a peer median near $94/oz, and 0.02x price-to-net-asset-value against a 0.3x peer median, according to company-compiled comparables. Management attributes the gap almost entirely to a federal civil action, initiated by the Federal Public Prosecutor's Office (MPF) and Brazil's National Foundation of Indigenous Peoples (FUNAI), arguing that TriStar's state-level environmental permit should instead have gone through a federal process involving an Indigenous Component Study and formal consultation with Kayapó communities in the region. TriStar and the State of Pará dispute this, arguing the project never triggered the thresholds that would require federal-level permitting. Critically, the underlying Licença Prévia (LP) permit remains valid; courts have rejected every injunction request against it, and the case is currently in an evidentiary phase awaiting a judge's ruling.CEO Nick Appleyard has stated a target of reaching a negotiated resolution, under which TriStar would retain its permit while voluntarily completing indigenous studies ahead of construction, before the end of 2026, with the market potentially taking a further three to six months to fully reflect that outcome. In the interim, the company is planning a drill programme around the high-grade Esperança South zone, expected to mobilise around October 2026, intended to support an eventual feasibility study.Beyond a standalone build, TriStar maintains an active data room with what management describes as roughly half a dozen Brazil-based candidates plus international parties, positioning the asset as a plausible acquisition target once the legal overhang clears. The company holds approximately US$10 million in cash against 397.5 million shares issued.Learn more: https://www.cruxinvestor.com/companies/tristar-gold-incSign up for Crux Investor: https://cruxinvestor.com

Interview with Campbell Baird, CEO of Asante GoldRecording date: 13th August 2026Asante Gold Corporation is working through an operational and leadership reset four months into Campbell Baird's tenure as Acting CEO, following the retirement of predecessor Dave Anthony. The company's investment case for 2026 hinges less on new catalysts than on execution against an already-disclosed plan: converting roughly $50 million of deferred or cancelled capital expenditure, combined with a narrower project focus, into the guided 275,000-300,000 ounce production range at an AISC of $3,200-$3,600 per ounce for the full year.The two operating assets are pulling in different directions operationally. Chirano has provided stability throughout 2026, delivering a consistent 10,000-11,000 ounces monthly even as Bibiani absorbed the impact of a January wall slip and an extended, costly stripping campaign in its Main Pit. Bibiani's ore has also proven more sulfidic than originally modelled, prompting a shift toward roughly 50% flotation processing and a sulfide recovery plant now being tied into the wider circuit - a process Baird estimated was roughly two months from completion.The key catalyst for H2 2026 performance is grade: Bibiani's head grade is expected to move from approximately 1.3-1.4 g/t over the past six months toward a targeted 1.7-1.8 g/t as mining progresses deeper into the Main Pit, directly underpinning the guided cost reduction weighted to Q4.On the resource side, Asante's 5 August NI 43-101 update showed combined Measured and Indicated Resources of 4.6 million ounces across both operations - effectively flat against December 2023 levels despite more than 430,000 ounces of production in the interim. Chirano's resource base grew materially (+443,000 ounces M&I since December 2023), supporting a seven-year mine life, while Bibiani's declined 17% on constrained exploration spend and open-pit depletion, even as its Main Pit is interpreted as geologically open to roughly 1,400 metres against only ~600 metres of current definition. The company frames the broader 80-kilometre Chirano-Bibiani Corridor as structurally comparable to far larger, more extensively drilled greenstone belts (Lefroy-Boulder, Abitibi), with a $23.4 million exploration budget allocated for 2026.On costs, management's own framing is notably conservative: Baird explicitly ruled out sub-$2,000/oz AISC as a credible near-term outcome, targeting below $3,000/oz only as a longer-term objective. This tempers what might otherwise be an overly optimistic reading of the company's cost trajectory, and is worth weighing against the wider sector-level cost inflation (diesel, labour, supply chain) that Baird cited as affecting gold producers broadly, not just Asante.The clearest risk flag for investors is guidance continuity: Asante's prior annual production target of 400,000-500,000 ounces remains formally withdrawn, with management stating directly it is not planning to reinstate it. The 275,000-300,000 ounce 2026 range should be treated as the only current, company-sanctioned figure.View Asante Gold's company profile: https://www.cruxinvestor.com/companies/asante-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Blake Hylands, CEO of Lithium Ionic Corp.Our previous interview: https://www.cruxinvestor.com/posts/lithium-ionic-tsxvlth-low-cost-developer-targets-construction-start-h2-2026-8741Recording date: 6th August 2026Lithium Ionic Corp has agreed to sell its non-core Baixa Grande lithium deposit in Brazil to PLS Group for up to US$70 million, a move that accelerates funding for the company's flagship Bandeira Lithium Project toward a construction decision.The transaction delivers US$37.5 million in cash consideration, split between US$30 million payable at closing (expected within months) and US$7.5 million due at the buyer's final investment decision or an earlier agreed date. Additionally, Lithium Ionic retains a 2% royalty on Baixa Grande, estimated at US$20-30 million in value. The sale caps a three-year hold on an asset Lithium Ionic always viewed as secondary to Bandeira, generating roughly eight times the company's original acquisition cost.Baixa Grande sits adjacent to ground PLS acquired through its 2025 purchase of Latin Resources, with geology representing a natural extension of the same lithium system. The deposit holds approximately 20 million tonnes of identified resource, work that helped drive the eventual sale price.Proceeds from the sale provide immediate flexibility to order long-lead items, including the processing mill, and fund early operational costs at Bandeira ahead of construction financing closure. This sequencing allows the company to advance procurement without waiting for separate debt or equity raises.Engineering work is nearly complete, and the underground portal contractor shortlist has been narrowed following a tender process.Lithium Ionic has secured binding five-year offtake terms with Chinese converter Yahua, covering 170,000 tonnes of spodumene concentrate annually at a US$1,000 per tonne floor price with no ceiling. This structure provides lenders visibility that the project generates cash on every tonne sold, supporting debt serviceability discussions.With projected all-in sustaining costs near US$600 per tonne and spodumene pricing above US$2,000 per tonne, the project offers substantial margins. Brazil's open global trading position provides additional flexibility compared to projects tied to regional buyers.Management highlights a significant valuation disconnect, with Lithium Ionic trading below 0.1x P/NAV compared to producing peer Sigma Lithium's 1–1.1x multiple. CEO Blake Hylands frames this as a potential tenfold re-rating opportunity as the company progresses through permitting, financing, and construction milestones toward production targeted for late 2027 into 2028.View Lithium Ionic's company profile: https://www.cruxinvestor.com/companies/lithium-ionic-corpSign up for Crux Investor: https://cruxinvestor.com

 Interview with James Gurry, Managing Director & Jozef Story, Exploration Manager of Aureka GoldRecording date: 11th August 2026Aureka (ASX:AKA) is an ASX-listed gold explorer and near-term developer operating a cluster of projects across Victoria's Stawell Corridor and St Arnaud goldfield, all within a 45-minute to one-hour drive of one another. The company was reconstituted from a distressed tenement package that Managing Director James Gurry acquired for under $1 million in 2023, when gold prices were depressed, and relisted on the ASX at the end of 2024. Since the start of 2025, Aureka has drilled continuously and lifted its JORC resource base by 50%.The company's flagship asset is the 100%-owned Irvine Gold Project, which sits 16km from the Stawell Gold Mine, a roughly 5-million-ounce historical producer. Irvine currently hosts an inferred resource of 398,300 ounces at 2.59 g/t gold, following a 94,000-ounce, 36% increase to the Resolution lode announced on 18 June 2026. That increase was driven by a reinterpreted structural and geological model, led by Exploration Manager Jozef Story, that defined 11 new geological domains around the deposit. Beyond the current resource, Aureka carries Advanced and Conceptual Exploration Targets that, combined with the unchanged Adventure lode target, exceed 600,000 ounces. Recent drilling identified a high-grade structure the company calls the Tenacity Fault, which returned the project's best assay to date: 10m at 12.1 g/t gold from 413m, including 0.3m at 183 g/t gold.Rather than pursue Irvine's larger development in isolation, Aureka's near-term strategy centres on the brownfield Comstock project near St Arnaud, roughly 70km from Irvine, within a historic goldfield that produced approximately 400,000 ounces at 15 g/t. Comstock hosts a 56,500-ounce inferred resource at 1.21 g/t gold and 2.14 g/t silver, plus a 112,000 to 116,000-ounce exploration target. The company has signed a toll milling agreement with the nearby Wedderburn mill, described by management as project-agnostic and therefore usable for Irvine ore in future, and has submitted a production licence application for Comstock, targeting first ore movement within roughly 12 months. Management is guiding to first-year Comstock production of 3,000 to 7,000 ounces, an estimated A$30 million to A$50 million in revenue at current gold prices, and a targeted margin of around 50%.The stated strategy is to use Comstock's free cash flow to fund ongoing exploration at Irvine without relying primarily on dilutive capital raises, while pursuing Irvine toward a longer-term development decision that management estimates is roughly three years from a first mining licence. Aureka currently has no debt and two diamond rigs active, one on each project. Management points to valuation support from the tenement package's prior history: the same assets, under a previous owner, traded up to approximately $150 million in market capitalisation in 2020, at roughly half today's gold price, against Aureka's current market capitalisation of under $20 million. Key near-term catalysts include Comstock's production licence approval and further assay results from the Tenacity Fault and Walker zone drilling programmes.Learn more: https://www.cruxinvestor.com/companies/navarre-mineralsSign up for Crux Investor: https://cruxinvestor.com 

Interview with Christian Easterday, Managing Director and CEO, Hot Chili LimitedOur previous interview: https://www.cruxinvestor.com/posts/hot-chili-tsxvhch-water-business-with-1b-npv-to-fund-copper-project-6917Recording date: 10th August 2026Hot Chili Limited (ASX/TSXV: HCH, OTCQX: HHLKF) is advancing the Costa Fuego Copper-Gold Project on Chile's Atacama coastline, positioning itself as one of only five independent (non-major-controlled) copper developers globally with a project capable of exceeding 100,000 tonnes of annual copper-equivalent production. Managing Director and CEO Christian Easterday, who has led the company since its 2010 ASX listing, argues the market has not yet caught up with the scale of the opportunity.The company's March 2025 Preliminary Feasibility Study (PFS) outlined a 20-year mine life (14 years at primary production rates), average annual production of roughly 116,000 tonnes of copper-equivalent, a post-tax NPV of US$1.2 billion, and a post-tax IRR of 19% at a long-term copper price of US$4.30/lb. Start-up capital was estimated at US$1.27 billion.The central near-term catalyst is La Verde, a copper-gold porphyry discovery acquired in November 2024 roughly 35km from Costa Fuego's planned processing hub. Extensive drilling (three rigs, with a fourth arriving) has defined a broad, high-grade mineralised footprint, and management expects a maiden resource estimate of approximately 500 million tonnes before the end of 2026. Folding La Verde into a restated Costa Fuego PFS is expected to lift post-tax NPV toward US$2 billion and post-tax IRR toward the mid-30s%, while shortening payback from roughly 4.5 years to 2.5 years and improving the project's position on the industry cost curve.On valuation, Hot Chili highlights two benchmarking metrics: an EV/lb-of-reserve multiple of roughly 3.8 cents against a peer average near 11 cents (implying a 2.9x re-rating opportunity), and a price-to-net-asset-value gap of roughly 2.3x versus recent comparable copper-sector transactions.Financing is addressed primarily through the company's Huasco Water asset — the only maritime licence with permitted seawater access in the Huasco Valley. Stage 1 (seawater supply to Costa Fuego, 500 L/s) is already funded within the existing PFS. A second maritime licence, which would unlock a larger multi-user desalination business (Stage 2: 1,300 L/s, ~US$977 million post-tax NPV) serving neighbouring major-miner projects, has been in Chile's approvals process for roughly five years and remains on track according to recent government contact, following an earlier delay tied to a change in administration. Management frames monetising this asset as a way to cover a substantial share of the project's equity requirement without heavy shareholder dilution. Additional untapped levers include uncommitted gold production (48,000-70,000 oz/year with La Verde) and roughly 40% of concentrate offtake left uncommitted outside the company's existing Glencore agreement.Glencore holds a 7.5% equity stake and an offtake agreement for up to 60% of concentrate for the first eight years of production, on benchmark terms. The company has also strengthened its board, adding Stuart Matthews (formerly EVP at Goldfields, with five major mine builds) as Independent Non-Executive Chair.Near-term catalysts include the maiden La Verde resource estimate (year-end target), a restated Costa Fuego PFS, EIA submission (targeted Q2 2027), progress on the second Huasco Water maritime licence, and an ongoing strategic partnering process. Final Investment Decision is targeted for 2029, with first production guided for 2031.Learn more: https://www.cruxinvestor.com/companies/hot-chili-limitedSign up for Crux Investor: https://cruxinvestor.com

Interview with Alex Underwood, Managing Director, Beetaloo EnergyOur previous interview: https://www.cruxinvestor.com/posts/empire-energy-asxeeg-racing-to-unlock-vast-australian-shale-gas-resource-4901Recording date: 7th August 2026Beetaloo Energy Australia, formerly Empire Energy Group, is moving toward a crucial milestone in the development of the Northern Territory's Beetaloo Basin, with first gas from its Carpentaria pilot now targeted for the fourth quarter of 2026. The updated schedule is later than the company's previously indicated 2025 timeframe, reflecting construction and commissioning realities rather than a change in the project's resource base or contracted sales position.Three wells have been connected to a pilot pad located approximately five kilometres from the Carpentaria gas plant, whose construction and flowline installation are largely complete. The project is supported by a binding 10-year gas sales agreement with the Northern Territory Government. The contract provides fixed-price revenue with a consumer price index-linked escalator, giving Beetaloo visibility over near-term cash flows. Initial supply is expected to reach 10 terajoules per day, potentially increasing by another 15 terajoules per day once pipeline-flow infrastructure is upgraded.The company reports approximately A$125 million in available liquidity, divided roughly between cash and undrawn facilities, including Macquarie Bank funding for the gas plant. Management says this provides sufficient funding through first gas without an immediate need for further equity.However, well economics remain dependent on substantial cost reductions. Recent wells cost more than A$50 million each, partly because of Australia's remote logistics and high transport costs. Beetaloo expects year-round drilling and stimulation to eventually halve well costs, supporting targeted internal rates of return of 30% to 50%.A separate growth opportunity comes from a non-binding memorandum of understanding with Halliburton for Beetaloo Digital, a proposed AI data centre near Darwin. Halliburton would contribute power-generation expertise, while Beetaloo's role would remain focused on supplying gas rather than owning or operating the facility.Longer term, demand could come from Northern Territory industry, east-coast gas shortages and LNG exports. Nevertheless, the investment case remains exposed to first-gas delays, high initial well costs, third-party pipeline investment and the uncommitted status of the data-centre proposal.Learn more: https://www.cruxinvestor.com/companies/empire-energy-groupSign up for Crux Investor: https://cruxinvestor.com

This interview is disseminated on behalf of NordX Metals Corp.NordX Metals (CSE: NRDX | OTC: NRDMF | FWB: 0UL0) Interim CEO Andy Bowering and President and Director Jon Franklin join Stocks to Watch to discuss the company's uranium, lithium, and rare earth exploration portfolio across Sweden and Finland. The discussion covers the Riutta Project in Finland, upcoming drill programs, the uranium market outlook, and the opportunities they see across the Nordic region.Learn more: https://nordxmetals.com/Watch the full YouTube interview here: https://www.youtube.com/watch?v=yjr1RX9WdJ4And follow us to stay updated: https://www.youtube.com/@stockstowatchofficial 

Interview with Chad Peters, President & CEO of Ridgeline Minerals Corp.Our previous interview: https://www.cruxinvestor.com/posts/ridgeline-minerals-tsxvrdg-600m-free-carry-potential-on-partner-funded-crd-discovery-8609Recording date: 7th August 2026Ridgeline Minerals has completed the sale of four early-stage Nevada gold exploration projects to Nevada Gold Mines (NGM), generating US$23.15 million in cash and a return of more than 350% on its invested capital. The transaction, which closed on August 3, involved Ridgeline's interests in the Swift and Black Ridge earn-in agreements, as well as its Bell Creek and Atlas projects.The sale gives Ridgeline approximately C$33 million in cash and C$3 million in marketable securities. Together, those assets exceed the company's market capitalisation of about C$24.5 million, substantially reducing its near-term financing and dilution risk. Management says the strengthened treasury will support new project staking, exploration, potential acquisitions and, possibly, shareholder returns.Ridgeline retained its flagship Selena project, a 39-square-kilometre carbonate replacement deposit target being advanced through a US$20 million earn-in agreement with South32. South32 has committed US$4 million for drilling in 2026, fully funding the programme. The project gained importance after the 2025 discovery of high-grade massive sulphide mineralisation at the Chinchilla Sulphide zone. South32 has compared the early-stage discovery with its Taylor deposit in Arizona, although Selena does not yet have a formal mineral resource estimate.The company also continues to own Big Blue and Coyote outright. Big Blue is a copper-silver-tungsten exploration project with encouraging historical and recent drill and trench results. Coyote is an undrilled Carlin-type gold target located near NGM's Black Ridge project and approximately four kilometres from the Fallon gold resource, making it a potential partnership or transaction candidate.Ridgeline additionally holds a 17.3% stake in Spartan Metals and a 1% royalty on metals from Spartan's Eagle tungsten project. The company's next challenge is converting its financial strength and exploration portfolio into further discoveries, particularly through Selena's 2026 drilling and future work at its 100%-owned Nevada properties.View Ridgeline Minerals' company profile: https://www.cruxinvestor.com/companies/ridgeline-mineralsSign up for Crux Investor: https://cruxinvestor.com

We Believe: Membership in The Church of Jesus Christ of Latter-Day Saints: A Christian Conversation by Phillip M Graehl Phillipmgraehlbooks.com https://www.amazon.com/dp/B0GPGL17P3 If Jesus Christ is to all people our Good Shepherd and his gospel is the good news, why is there so much contentious debate in the world over all this goodness? Why is there such derision cast between religious bodies and their adherents toward others of differing beliefs? The Church of Jesus Christ of Latter-Day Saints and its members have been persecuted since the founding of the Church, and its members often called non-Christian. Is this really true? There are many truths about the Church of Jesus Christ of Latter-Day Saints that invite discussion. There are also many fallacies and misunderstandings regarding the Church that deserve exposure and explanation. Herein is described to the traditional Christian world and all others who will inquire some history as well as doctrines and practices of the Church of Jesus Christ of Latter-Day Saints, given in an attempt to help bridge a divide that need not exist between disciples of Jesus Christ. “Let not your heart be troubled, neither let it be afraid.” About the author I am a “mid-boomer” having been born in 1955, in Provo, Utah. The first few years of my life were spent in Fort Collins, Colorado where my father attended veterinary school, alternating with summers in Provo which was my father's home town. Over a two year period I lived in Bend, Oregon; Salt Lake City, Utah; and then Glendale, California. Grades K – 3 were in Glendale, and then we moved to Huntington Beach, California. While in Huntington Beach I enjoyed bodysurfing and surfing as well as outdoor sports in general including backpacking and skiing. I also played high school football, basketball, and baseball. I attended college at the University of Utah in Salt Lake City and graduated with a bachelor's of science degree in Geology. One summer in college I worked on the North Slope of Alaska for a geophysical company. The summer after college graduation I worked in Uranium exploration in northern Idaho and northeastern Washington. I attended medical school for two years at the University of Utah and completed medical school at the University of California, Irvine. My post graduate training was in orthopedic surgery at the University of Texas Health Science Center in San Antonio, Texas. Prior to completing my training in San Antonio I met and married my wife of the last forty years. My wife is also a physician. Fellowship training in lower extremity total joint replacement and sports medicine occurred in San Antonio, Texas and then Sydney, Australia. My first orthopedic practice was in Albuquerque, New Mexico. Then after two years I immigrated to Texas where I practiced for another thirty years in the northern suburbs of Dallas, Texas. I continue to enjoy outdoor sports, fishing, and I am an admirer of Western art of the United States. After two total hip replacements I have abandoned skiing, but I continue to enjoy hiking in the Rocky Mountains of the United States. I have also found that I enjoy writing. Following my retirement I enrolled at the University of Texas at Dallas and began with a creative writing class. Thereafter, the Covid pandemic caused an acute cessation of my post-post-graduate education.

(Lander, WY) – The KOVE 1330 AM / 107.7 FM Today in the 10 interview series Coffee Time continued today with host Vince Tropea, who recently spoke with Rilie Wallace from Four Corners Health Care. Four Corners Health Care provides uranium and energy workers who have work-related health/medical issues with in-home care that “empowers independence, preserves dignity, and enhances quality of life in the comfort of home,” while also providing resources for them and their families. Wallace talks about the specific services Four Corners provides, how folks can learn more, how to file claims, and provides info for the upcoming Lunch and Learn. Check out the full Coffee Time interview with Wallace below for all the details! Be sure to tune in to Today in the 10 and Coffee Time interviews every morning from 7:00 to 9:00 AM on KOVE 1330 AM / 107.7 FM, or stream it live right here.

Interview with Robin Dunbar, President & CEO of Grid Metals Corp.Our previous interview: https://www.cruxinvestor.com/posts/grid-metals-tsxvgrdm-positioning-for-near-term-production-in-the-ultra-rare-cesium-market-9448Recording date: 6th August 2026Grid Metals Corp. is advancing the Falcon West project in southeastern Manitoba toward a maiden mineral resource estimate for cesium and lithium. The company has commissioned SGS Canada Inc. to prepare a NI 43-101-compliant estimate for the Lucy South pegmatite, with results expected in fall 2026. The announcement represents a potentially important milestone because pollucite, the primary cesium-bearing mineral targeted at Lucy South, is exceptionally rare. Only three pollucite deposits worldwide have ever reached production.Lucy South is located approximately 130 kilometres east of Winnipeg, directly beside the Trans-Canada Highway. Its mineralisation is shallow, occurring from less than two metres to roughly 40 metres below surface. Drilling has outlined a cesium-rich zone measuring approximately 120 by 50 metres. Recent results included an intercept grading 5.44% cesium oxide and 1.52% lithium oxide over 2.75 metres, including 1.55 metres grading 8.49% cesium oxide.Grid believes the project could be developed using a relatively simple processing approach. The proposed flowsheet involves crushing and X-ray transmission ore sorting, without water, flotation, milling, or a tailings facility. Management has estimated total project capital costs at less than C$10 million, comparing the concept more closely to a quarry than a conventional mine.The project is supported by Avenir Minerals, a wholly owned subsidiary of Agnico Eagle Mines. Avenir invested C$3.75 million for an initial 15% interest in Falcon West, while Grid retains 85% and operatorship. Avenir also holds options linked to the Lucy South resource, a future preliminary economic assessment, and mine-plan milestones.Beyond cesium, Grid offers exposure to a broader Manitoba portfolio. Teck Resources is funding work at the Makwa nickel project, Boliden can earn an interest in Thompson East, and Grid also holds the Mayville copper and Donner lithium projects.The Lucy South resource estimate is therefore both a technical milestone and a potential valuation catalyst, while the company's partner-funded portfolio provides diversification across several critical minerals.View Grid Metals' company profile: https://www.cruxinvestor.com/companies/grid-metals-corpSign up for Crux Investor: https://cruxinvestor.com

Recording date: 6th August 2026Olive Resource Capital posted a modest decline in July, with its portfolio down just over 1% for the month. Management characterizes the result as effectively flat, given the heightened volatility that defined the period and the fund's favorable performance relative to its internal peer benchmark.Oil and copper led commodity markets higher during July. Oil rebounded on renewed tensions around the Strait of Hormuz, while copper climbed to fresh yearly highs as Chinese warehouse inventories drew down faster than anticipated and production disruptions hit major Chilean mines. Together, these factors created a constructive supply-demand backdrop that management expects to persist in the near term.Precious metals staged a late-month recovery, supported by a US dollar reversal tied to the Federal Open Market Committee's July meeting. Despite gains in gold and silver, precious metals equities broadly lagged, with some declining even as underlying metal prices rose. This divergence between commodity prices and related stocks has been a recurring theme through the first half of 2026.Olive Resource Capital used the month's volatility strategically. Management deployed capital during risk-off periods and leveraged thinner summer liquidity to add positions in energy, uranium, copper, and gold. Notable additions included new buying in CANEX Metals following its consolidation with Gold Basin Resources, and continued accumulation in Prospector Metals, which has moved into the fund's top ten holdings.Looking ahead, management is watching for early drill results from Prospector Metals in early September as a key near-term catalyst. The fund is also positioning for a seasonal pickup in news flow and financing activity through the autumn, consistent with its historical pattern of using the July-August window for accumulation ahead of stronger market conditions in the fall.The Strait of Hormuz situation remains the dominant macro driver, though management notes the market appears to be growing less sensitive to individual headlines as investors conclude the current level of aggression is unsustainable for all parties involved.Sign up for Crux Investor: https://cruxinvestor.com

Henry Sokolski warns that the Trump administration's nuclear deal with Saudi Arabia allows the kingdom to enrich uranium, a process that can easily be diverted for bomb-making. Saudi Arabia has rejected the "additional protocol" for rigorous UN inspections, raising concerns about their true intentions. This "black box" arrangement lacks sufficient safeguards to prevent a rapid diversion of nuclear materials. Critics warn that providing enrichment technology to an ally involved in regional warfare is inherently delusional and dangerous. (7)1946 TOKYO STATION