Core Viewpoint - Elemental Royalty Corporation is participating in a live Virtual Non-Deal Roadshow on January 26, 2026, to discuss its latest investor presentation and engage with stakeholders and investors [1][2]. Group 1: Event Details - The event will feature David M. Cole, CEO, and Frederick Bell, President & COO, covering the latest investor presentation followed by a live Q&A session [2]. - Registration for the live event is required, and while attendance may be limited, a replay will be available on the Company's Investor website [2]. Group 2: Company Overview - Elemental Royalty Corporation is a mid-tier, gold-focused streaming and royalty company with a diversified portfolio of 16 producing assets and over 200 royalties [3]. - The Company was formed through the merger of Elemental Altus and EMX, combining strengths in royalty acquisitions and generation, aimed at delivering immediate cash flow and long-term value creation [3]. - Elemental Royalty trades on the TSX Venture Exchange and NASDAQ under the ticker symbol "ELE" [4].

Financial Data and Key Metrics Changes - The company reported record quarterly production of just under 6,600 ounces for Q1 2026, a significant increase compared to the prior year and Q4 results [6][8] - Revenue for Q1 exceeded $25 million, with adjusted EBITDA over $13 million, demonstrating strong cash flow and margins [8][12] - The working capital ratio improved from 1.3 times to 1.7 times, with positive working capital of approximately $15 million [9][28] Business Line Data and Key Metrics Changes - The company is producing between 25,000 and 30,000 ounces in fiscal 2026, with Q1 being one of the lowest quarters expected [4][7] - Cash costs for Q1 were around $1,500 per ounce, within the guidance range of $1,400 to $1,600 per ounce [7][12] - The company has a ROM pad stockpile of over 22,000 ounces, averaging 1.2-1.3 grams per ton, which helps optimize mill feed [10] Market Data and Key Metrics Changes - The realized gold price in Q1 was $3,860 per ounce, which later increased to over $4,600 per ounce, indicating a strong gold price environment [8][12] - The company is positioned in the lowest quartile of the cash cost curve, with gross profits exceeding 50% [12] Company Strategy and Development Direction - The company plans to expand its plant over the next 18-24 months to increase production and fund underground development [3][4] - There is a focus on exploration, with a geophysics study completed and plans to drill approximately 40,000 to 60,000 meters this year [40][42] - The company is negotiating with the Tanzanian government to improve agreements and reduce investment risks [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and the potential for increased production and profitability due to higher gold prices [26][42] - The company anticipates a steady descent in the mining project, with improved grade profiles expected in the coming quarters [32][37] - Management is optimistic about the exploration results and the potential for increased reserves and resources [40][42] Other Important Information - The company is investing in plant upgrades and expansion, utilizing free cash flow to enhance throughput and recovery rates [11][12] - The company has engaged marketing firms to attract high-net-worth investors and institutional interest [76][78] Q&A Session Summary Question: Potential bottlenecks during ramp-up and labor force impacts - Management indicated that labor costs are stable, with a slight increase in workforce expected but overall efficiency improvements anticipated [61] Question: Expectations for high-grade material mining - Management confirmed that head grades will increase with the installation of a thickener, allowing for better separation of higher-grade material [65] Question: Plant utilization rate increase and strip ratio plans - The increase in plant utilization from 88% to 90% is attributed to improved maintenance and spare parts management [68] - The strip ratio will fluctuate based on the mine plan and gold prices, with expectations of a lower strip ratio as stockpiles increase [70]

Financial Data and Key Metrics Changes - The company reported record quarterly production of just under 6,600 ounces in Q1 2026, a significant increase compared to the prior year and Q4 results [6][8] - Full year production guidance remains between 25,000 and 30,000 ounces, with Q1 production expected to be among the lowest quarters of the year [7][12] - Cash costs for Q1 were approximately $1,500 per ounce, aligning with the guidance of $1,400 to $1,600 per ounce [7][12] - Revenue for Q1 exceeded $25 million, with adjusted EBITDA over $13 million, indicating strong cash flow and margins [8][12] - Working capital ratio improved from 1.3 times to 1.7 times, with positive working capital of about $15 million [9][12] Business Line Data and Key Metrics Changes - The company operates the Buckreef Gold Project in Tanzania, producing between 25,000 and 30,000 ounces in fiscal 2026 [4][6] - The ROM pad stockpile has grown to over 22,000 ounces, averaging 1.2-1.3 grams per ton, which optimizes mill feed consistency [10][12] - Significant investments were made in plant upgrades and expansions, including down payments on thickeners and elution plants [11][12] Market Data and Key Metrics Changes - The average gold price realized in Q1 was $3,860 per ounce, which later increased to over $4,600 per ounce, demonstrating strong leverage to gold prices [8][12] - The company is positioned in the lowest quartile of the cash cost curve, with gross profits exceeding 50% [12] Company Strategy and Development Direction - The company plans to expand the plant over the next 18-24 months to increase production and fund underground development [3][4] - Exploration efforts are ongoing, with a focus on prospective areas such as Stanford Bridge and Anfield, and a geophysics study has highlighted new targets [40][41] - The company is negotiating with the Tanzanian government to establish better agreements that enhance operational transparency and reduce investment risks [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational growth and the potential to exceed PEA metrics in terms of throughput and gold production [16][22] - The company anticipates a steady grade profile and increased production as new processing equipment is installed [32][37] - Management is optimistic about the financial outlook, expecting to generate higher cash flow and improve working capital ratios [28][51] Other Important Information - The company is investing in exploration with plans to drill approximately 40,000 to 60,000 meters throughout the year [40][42] - The company has engaged multiple marketing firms to attract high-net-worth investors and institutional interest [76][78] Q&A Session Summary Question: Can you walk me through potential bottlenecks during ramp-up and impacts on the labor force? - Management indicated that labor costs are stable, with a slight increase in workforce expected but overall efficiency improvements anticipated [61][62] Question: When should we expect high-grade material to be mined? - Management noted that head grades will increase as the thickener is installed, allowing for better separation of higher-grade material [65] Question: What brought the plant utilization rate from 88% to 90%? - The increase in utilization is attributed to improved preventative maintenance and better organization of processes [68][69]

Financial Data and Key Metrics Changes - The company reported record quarterly production of just under 6,600 ounces in Q1 2026, a significant increase compared to the prior year and Q4 results [6][8] - Revenue for Q1 reached over $25 million, with adjusted EBITDA exceeding $13 million, demonstrating strong cash flow and margins [8][12] - The working capital ratio improved from 1.3 times to 1.7 times, with positive working capital of approximately $15 million at the end of Q1 [9][27] Business Line Data and Key Metrics Changes - The Buckreef Gold Project in Tanzania is producing between 25,000 and 30,000 ounces in fiscal 2026, with Q1 production expected to be among the lowest quarters of the year [4][7] - Cash costs for Q1 were approximately $1,500 per ounce, aligning with the full-year guidance of $1,400 to $1,600 per ounce [7][12] Market Data and Key Metrics Changes - The company realized a gold price of $3,860 per ounce in Q1, which later increased to over $4,600 per ounce, indicating a strong gold price environment [8][12] - The gross profit margin is over 50%, positioning the company in the lowest quartile of the cash cost curve [12] Company Strategy and Development Direction - The company plans to expand the plant over the next 18-24 months to increase production and fund underground development, with an 18-year mine life projected [3][4] - The focus is on optimizing the existing plant and enhancing recovery rates through upgrades, including a super oxidation system and a new SAG mill [20][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational growth and the potential to exceed PEA metrics in terms of throughput and gold production [15][22] - The company is optimistic about increasing reserves and resources due to favorable gold prices and ongoing exploration efforts [21][25] Other Important Information - The company is actively negotiating with the Tanzanian government to establish better agreements that promote investment and operational transparency [44][46] - Exploration plans include drilling approximately 40,000 to 60,000 meters in 2026, targeting new areas identified through geophysical studies [39][40] Q&A Session Summary Question: Can you walk me through potential bottlenecks during ramp-up and impacts on the labor force? - Management indicated that labor costs are stable, with a slight increase in workforce expected but overall efficiency improvements anticipated [62][64] Question: When should we expect high-grade material to be mined? - Management confirmed that head grades will increase as the thickener is installed, allowing for better separation of higher-grade material [65] Question: What brought the plant utilization rate from 88% to 90%? - The increase in utilization is attributed to improved preventative maintenance and better organization of processes [69][70] Question: What are the risks of completing TSF-3 on schedule? - Management assured that the construction of TSF-3 is on track, with a timeline of about five months for completion [74][76] Question: What initiatives are in place to promote TRX and its stock? - The company is engaging marketing firms to attract high-net-worth and institutional investors, focusing on maintaining a stable share count without discounts [76][78]

Financial Performance & Production - TRX Gold achieved record quarterly gold production of 6,597 ounces and sales of 6,492 ounces in Q1 2026, a 35% increase over Q1 2025[13] - The company realized an average gold price of approximately $3,860/oz in Q1 2026, up from $2,653/oz in Q1 2025[13] - Q1 2026 revenue reached $25.1 million with an adjusted EBITDA of $13.2 million, demonstrating improved cash flow and margins[13, 18] - The company's cash balance increased to $9.2 million, up $1.4 million from Q4 2025[13] Operational Growth & Expansion - The company is on track to achieve its fiscal 2026 guidance of 25,000 – 30,000 ounces of gold at an average cash cost of $1,400 - $1,600/oz[13, 19] - The company is expanding its processing facility, featuring a 3,000+ tpd sulphide processing circuit and a 1,000 tpd oxide/transition circuit[14] - The company's ROM stockpile increased from 15,162 ounces at August 31, 2025, to 19,698 ounces as of November 30, 2025[13] Future Outlook & Exploration - The company anticipates capital expenditures of $15 – $20 million focused on plant upgrades and expansion[19] - The company plans exploration expenditures of $3 – $5 million, including resource drilling on the Main Zone and exploration drilling on Stamford Bridge and Eastern Porphyry[19, 53] - A robust 2025 PEA outlines an underground expansion with an average of approximately 62,000 oz Au per year over 17.6 years, and an after-tax NPV 5% of $1.2 billion at $4,000/oz Au[11, 30]

Core Viewpoint - Gold Basin Resources Corporation has updated the terms of a loan agreement with Charrua Capital LLC, which includes a reduction in interest rates and the introduction of security against certain mineral parcels [1][3][4]. Loan Details - The company secured an unsecured loan of USD 500,000 from Charrua Capital LLC in 2024 at an interest rate of 15% per annum for short-term working capital [1]. - As of now, the accrued interest obligations amount to approximately USD 117,652, bringing the total outstanding loan amount to USD 617,652 [2]. Updated Terms - Charrua Capital LLC has agreed to forbear exercising its rights under the loan agreement until March 31, 2026, and will reduce the interest rate from 15% to 9% from January 1, 2026, to March 31, 2026 [3]. - The loan is now secured against the company's 100%-owned private mineral parcels in the Gold Basin Project during the forbearance period, which will be lifted once payments are resumed satisfactorily [4]. Project Overview - Gold Basin Resources Corporation is advancing the Gold Basin Project located in Mohave County, Arizona, which is accessible year-round and has significant potential for gold deposits [6].

Market Overview - The U.S. market is experiencing significant volatility, influenced by tariff fears, geopolitical tensions, and concerns over an AI-driven market bubble, with these worries extending into 2026 [1] - A U.S. military operation in Venezuela has further unsettled global markets, highlighting the rapid impact of geopolitical events on investor sentiment [2] - President Trump's trade threats against European nations, linked to his Greenland acquisition bid, could lead to planned tariffs of 10% in February, increasing to 25% by June, potentially lowering market confidence [3] Investment Strategy - In the current uncertain environment, value investing is emphasized as a strategy to focus on fundamentally strong stocks trading below their intrinsic value, positioning for long-term gains when markets stabilize [4][10] - The earnings yield metric is highlighted as a valuable tool for identifying undervalued stocks, calculated by dividing earnings per share (EPS) by the current stock price, serving as the inverse of the P/E ratio [6][7] - A high earnings yield indicates potential undervaluation, while a low earnings yield may suggest overvaluation, guiding investor decisions [7] Stock Picks - Four stocks with high earnings yield and solid growth outlooks are identified: Centerra Gold, Inc. (CGAU), Plains GP Holdings, L.P. (PAGP), Angi, Inc. (ANGI), and Skillsoft Corp. (SKIL) [5][10] - Centerra Gold is positioned for growth with a Zacks Consensus Estimate for 2026 earnings implying a 48% year-over-year growth, with EPS estimates rising by 17 cents recently [14] - Plains GP Holdings is transitioning to a more focused crude oil operator, with a 27% year-over-year growth forecast for 2026 earnings and a recent EPS estimate increase of 30 cents [16] - Angi is expanding its digital marketplace and aims to enhance its AI capabilities, with a 36% year-over-year growth forecast for 2026 earnings and a recent EPS estimate increase of 16 cents [18] - Skillsoft is focusing on AI-driven solutions, with a 69 cents increase in EPS estimates for fiscal 2026 and an 11% year-over-year growth forecast for fiscal 2027 [20]

Company Overview - Telix Pharmaceuticals Ltd (ASX:TLX) is a biopharmaceutical company focused on developing diagnostic and therapeutic products using molecularly targeted radiation [1] - The company operates in the healthcare sector, competing with other biotech firms in the field of radiopharmaceuticals [1] Stock Performance and Analyst Ratings - RBC Capital upgraded TLX's stock grade to "Outperform" from "Sector Perform," with the stock priced at $99.03 [1][5] - The upgrade by RBC Capital suggests confidence in Telix's future performance [2] - AngloGold Ashanti PLC (NYSE:AU) has received a "Moderate Buy" consensus from eight brokerages, with six issuing a buy rating [2] - Zacks Research downgraded AU from "strong-buy" to "hold," while Scotiabank raised its target price from $90.00 to $92.00, giving it a "sector outperform" rating [3] - Wall Street Zen upgraded AU from "hold" to "buy," reflecting a mixed but generally optimistic outlook [3] Current Market Data - AU is trading at $99.03 on the NYSE, with a slight increase of $0.48 or 0.49% from the previous session [4] - The stock has fluctuated between $95.64 and $99.30 today, and over the past year, it has ranged from a low of $27.44 to a high of $100.31 [4] - AngloGold Ashanti's market capitalization is approximately $50 billion, with a trading volume of 2,311,549 shares [4][5]

Core Viewpoint - Brasnova Energy Materials Inc. has entered into a binding agreement to acquire a 50% interest in the BGC Gold Project from Bahia Graphite Corporation, enhancing its portfolio in the Brazilian gold sector [1][4]. Group 1: Acquisition Details - The Option Agreement allows Brasnova Energy Materials to acquire a 50% interest in the BGC Gold Project by advancing CA$500,000 over 24 months to cover work expenditures and holding fees [3]. - The BGC Gold Project is located in a prominent gold district, adjacent to Pan American Silver's Jacobina gold mining complex and Equinox Gold's Santa Luz Bahia complex, covering an area of 3,935.25 hectares [2][6]. Group 2: Financing and Capital Structure - The company announced a non-brokered private placement financing for gross proceeds of up to CA$750,000, consisting of up to 7.5 million units priced at CA$0.10 each, with warrants exercisable at CA$0.20 for 24 months [5]. - Proceeds from the financing will be allocated for project payments, acquisitions, exploration, development, and working capital expenditures [5]. Group 3: Strategic Focus - Brasnova Energy Materials will prioritize work programs in the first half of 2026 on its 100% owned Jucurutu Iron Oxide Copper Gold (IOCG) Project and the BGC Gold Project [4].

Core Insights - Dynacor Group Inc. reported strong preliminary operating results for Q4 and full-year 2025, with gold-equivalent production reaching 32,838 ounces in Q4-2025, contributing to record sales of $397.6 million for the year [2][7]. Q4 & Full-Year 2025 Highlights - The company exceeded its revised annual production guidance, achieving a total gold-equivalent production of 113,791 ounces for the year [7]. - The average price realized for gold sold was $3,494 per ounce [7]. - Q4-2025 production marked a 20% increase compared to Q4-2024, indicating improved operational efficiencies [7]. - Dynacor acquired the Svetlana plant in Ecuador, with initial production expected in Q4-2026, and advanced the Senegal pilot plant towards operational readiness [7]. 2026 Guidance - Sales are projected to be between $530 million and $580 million [5]. - Production is expected to range from 125,000 to 135,000 AuEq ounces, incorporating contributions from new plants in Senegal and Ecuador [6]. - Net income is forecasted to be between $22 million and $26 million [5]. - Capital expenditures are planned as follows: $6-8 million for sustaining capex in Peru, $4-5 million for Senegal, and $22-25 million for Ecuador [5]. Capital Expenditures - Sustaining capital expenditures in Peru are estimated at approximately $7 million, primarily for upgrading facilities [14]. - Capital investment in Ecuador includes $7 million deferred from 2025, focusing on the Svetlana plant upgrades [14]. - Senegal's capital expenditure will cover costs related to the pilot plant and mobile fleet acquisition [14]. Strategic Outlook - 2026 is positioned as a pivotal year for Dynacor, focusing on unlocking the potential of its diversification strategy through capital investments and increased capacity [3]. - The company aims to combine operational excellence with an ambitious expansion plan to enhance shareholder value [3].