Core Insights - NevGold Corp. announced positive high-grade oxide antimony drill results from the newly discovered "Bullet Zone" at its Limousine Butte Project in Nevada, significantly expanding the gold-antimony mineralization footprint [1][3][4] Exploration and Drilling Results - The highest-grade antimony interval drilled to date was 5.51% Sb over 4.6 meters, with an associated gold equivalent of 21.49 g/t AuEq over the same interval [3][9] - The drilling program has confirmed the new geological model, with holes LB25-009 and LB25-002 intercepting gold-antimony mineralization below the older dolomite unit [3][13] - A total of 18 holes have been completed in the current 2025-2026 drill program, with assays pending [3][6] Historical Context and Geological Model - The Limousine Butte Project is a brownfield mine site with historical gold production, and the current exploration is focusing on the antimony potential in previously mined leach pads [3][4][8] - The updated geological model indicates that the older dolomite unit was thrust over the prospective Pilot Shale unit, preserving favorable mineralization at depth [12][17] Strategic Importance of Antimony - Antimony is classified as a "Critical Mineral" by the U.S. government, essential for national security and various technological applications [26][27] - The U.S. government has issued an Executive Order to strengthen domestic mineral production, highlighting the importance of antimony in the context of supply chain security [23][24][25] Future Plans and Objectives - The company plans to continue drilling the Bullet Zone to rapidly advance the Project towards an initial gold-antimony Mineral Resource Estimate [4][6] - The exploration efforts are aligned with the U.S. critical minerals strategy, aiming to support domestic production and reduce reliance on foreign sources [4][23]

Strategic Focus - Saudi Arabia aims to strengthen relationships in Asia [1] - The country seeks to expand its presence in critical minerals and financial markets [1]

Core Insights - Countries are increasingly prioritizing critical minerals, positioning the Sprott Active Metals & Miners ETF (METL) as a significant investment opportunity due to its active management approach [1] - The ETF offers exposure to a broader range of mining companies, including those involved in uranium, gold, and silver, unlike other ETFs that may focus solely on U.S.-domiciled firms [2] Group 1: Market Trends - India and Canada have recently entered agreements to enhance supply chains for critical minerals, driven by rising electricity demand, which is projected to increase by 170% by 2050 [3] - The demand for metals such as silver and copper is becoming increasingly crucial as the world shifts towards greater electricity reliance, with artificial intelligence (AI) also contributing to this demand [3] Group 2: Geographic Focus and Management - METL has a strong geographic concentration, with over 60% of its assets allocated to Canadian equities, which is advantageous as more nations seek to reduce dependence on China for critical minerals [5] - The management team of METL is experienced, conducting over 200 management meetings and up to 30 site visits annually, providing them with valuable insights into the metals industry [6]

Core Insights - Armory Mining Corp. has appointed geologist Tom Clarke to its Advisory Committee, enhancing its expertise in mineral exploration critical to energy, security, and defense sectors [1][5] - The company has joined the Critical Minerals Institute (CMI), which focuses on addressing challenges and opportunities in the critical minerals sector [6][7] Company Developments - Tom Clarke is a registered geoscientist with 21 years of experience in geology, having worked on various projects across multiple continents [2][3][4] - Clarke's previous roles include directing exploration at Bonterra Resources, where he contributed to defining a compliant resource on the Gladiator gold deposit [3] - The company controls a 100% interest in the Ammo antimony-gold project in Nova Scotia, an 80% interest in the Candela II lithium brine project in Argentina, and an option for a 100% interest in the Riley Creek antimony-gold project in British Columbia [8] Industry Context - The Critical Minerals Institute serves as a hub for companies, capital markets, and experts in the critical minerals industry, promoting education, collaboration, and networking opportunities [6][7] - CMI aims to provide insights into the value and sustainability of critical materials essential for technological and industrial advancement [6]

Government Policy - Zambia's presidency rejected proposed regulations for state ownership in mines [1] - The proposal aimed to give the state a minimum 15% stake in copper and other critical mineral mines [1]

Industry Collaboration - Junior mining companies in Brazil are uniting to promote their collective interests [1] Focus - The companies are focused on developing critical minerals projects [1]

Core Insights - The US Export-Import Bank (EXIM) plans to invest $100 billion to support the Trump administration's strategy for achieving global energy dominance [1] - The investment aims to reduce the West's reliance on supplies from China and Russia, which is viewed as unfair [2] Investment Focus - The first tranche of investments will target Egypt, Pakistan, and Europe, including $4 billion in natural gas to Egypt and a $1.25 billion loan for the Reko Diq copper mine in Pakistan [3] - EXIM is finalizing several larger deals related to critical minerals, indicating readiness to engage in pacts with allies like Australia [4] Energy Security Initiatives - There is a heightened emphasis on energy security, with ongoing discussions about nuclear projects in southeast Europe involving US companies [5] - Last year, EXIM supported $1.6 billion in green energy projects, marking a 74% increase compared to 2023 [5] LNG Developments - EXIM has received requests for support in LNG from Europe, Africa, and Asia, with potential announcements of multibillion-dollar LNG supply deals forthcoming [6]

Core Viewpoint - Glenstar Minerals Inc. has received a drilling permit from the Bureau of Land Management for its Phase 2 drill program at the Green Monster Project in Nevada, allowing for further exploration of mineral resources [1][2]. Drilling Program Details - The permit allows for the drilling of nine holes across four locations, covering approximately 300 meters of strike length exploration [2]. - The drilling plan includes two holes in the primary drilling area from Phase 1, three holes in the "discovery" zone 150 meters west of the primary site, and two holes each at two additional sites further west along a mineralized belt [2]. Survey and Data Analysis - The precise locations for the drill holes will be determined based on data from a recently completed Hybrid-Source Audio-Magnetotellurics Survey conducted by Hasbrouck Geophysics and Advantage Geophysics [3]. - The survey data was collected at 50-meter intervals along 13 lines and is currently being analyzed to create detailed geological models [4]. Project Background - The Green Monster Property consists of 35 federal lode claims covering approximately 700 acres in Clark County, Nevada, located about 40 miles southwest of Las Vegas [5]. - Prior to the recent drill program in May 2025, no drilling had been conducted on the property, although previous sampling in 2022 indicated the presence of robust nickel-copper with anomalous cobalt [5][6]. Mineralization Findings - Initial channel sampling returned significant results, including 1.18 meters of 3.77% copper, 3.06% nickel, 0.21% cobalt, and 6.83% zinc, indicating in-place vein style mineralization [6][7]. - Additional sampling confirmed high levels of zinc (>10%) and silver (>200 ppm), along with copper, uranium, and lead [7]. Company Overview - Glenstar Minerals Inc. focuses on the exploration of polymetallic minerals, which are critical for manufacturing electronics and energy technologies [8]. - The company's shares are traded on multiple exchanges, including the Canadian Securities Exchange and the Frankfurt Stock Exchange [9].

Market Trends & Geopolitics - Traders increase bets on a rate cut by the Fed next month [1][48] - Marco Rubio says talks with U S -backed peace plans with Russia could extend past Trump's deadline [1][48] - There is considerable pressure coming through on Ukraine from the United States [9] - European leaders surprised by the 28 point plan on Ukraine that the U S put out [52] - Lithuania has accused Russia of violating its airspace and sabotaging Poland's railway [84] - The U S government accuses the group whose name translates are being led by Venezuelan President Nicolas Maduro [60] Company & Industry Dynamics - BHP backs off from another attempt to take over Anglo American [2][48] - Mining industry will continue to look at opportunities to acquire copper assets [29] - U K 's CEOs are bracing for a Chancellor Rachel Reeves to pop costs on their businesses in the budget [31] - Private credit has fundamentally changed to the structure of credit markets [39] - HSBC is active in lending to SMEs [45] Financial Markets & Investments - S&P futures are up 0 7% in anticipation of a Fed pivot with dovish commentary [2] - Germany's business confidence index at 88 1 versus estimates of 88 5% [3] - Defense stocks have been darling trades [14] - Defense segment of the market trading at 32 times forward 12 month multiple to about 10 for banks [17] - Banks are at the center of the region in the big wave of savers moving into investments, we talk about 14 trillion waiting to be deployed [19] - Gold has been a massive outperformer, up around 50% this year [63] - Alamos Gold CEO sees gold ultimately trading substantially higher than what it is today, potentially reaching $5,000 an ounce by 2026 [69][75]

Government Policy & Supply Chain - British Prime Minister Keir Starmer 推出战略，旨在国内生产关键矿物，减少对脆弱的全球供应链的依赖 [1]