Summary of Conference Call Records Company Overview - **Vizsla Royalties (VROY.F)**: A single asset precious metals royalty holder with its principal asset being the Canuco Project, which is part of Vizsla Silver's flagship silver and gold development in Mexico [1][2] - **Star Gold Corp (SRGZ)**: A junior mining company based in Nevada focused on the exploration and development of high-quality mineral properties [22] Key Points from Vizsla Royalties - **Investment Thesis**: The investment opportunity is based on three main aspects: 1. Upside potential as Vizsla Silver advances the Canuco Project towards feasibility and production, expected to start in 2027 [2] 2. Significant exploration upside with 93 kilometers of cumulative vein strike, of which only 8% is included in the current mine plan [3] 3. Scarcity of tier one silver assets, with no other tier one silver royalties outside of the major three royalty companies [3] - **Royalty Ownership**: Increased royalty ownership on the Panuco asset to 3.5% covering the mine plan and an additional 2% covering exploration potential [4][5] - **Financial Position**: Vizsla Silver is well-funded with approximately $200 million in cash, allowing for non-dilutive project advancement with a modest capital expenditure (CapEx) of $224 million [7] - **Resource Growth**: The Panuco project has outlined a global resource base of over 360 million ounces of silver equivalent, with significant potential for further resource expansion [10] - **Production Profile**: The mine plan indicates production of approximately 20 million ounces in the initial years, dropping to 15 million ounces over the project's life, positioning it among the largest silver mines globally [11][12] - **Valuation and Market Position**: Current trading at 1.1 times price to net asset value (NAV), with potential valuation upwards of $350-400 million based on recent comparable transactions in the royalty space [19][20] Key Points from Star Gold Corp - **Unique Financing Model**: Majority of financing comes from directors and officers, differentiating it from other junior mining companies [22][23] - **Focus on Main Zone**: Concentration on proving enough ore in the main zone to move into production, with an estimated 100,000 recoverable ounces of gold [24] - **Economic Viability**: Initial PEA conducted at $1,500 gold indicated a net present value (NPV) of $52 million, with projections over $100 million at $2,700 gold [31][32] - **Permitting Process**: Plan of operation filed on August 6, with expectations for final permits within two years, contingent on completing necessary drilling and environmental studies [28][30][33] - **Next Steps**: Focus on production water drilling and final engineering plans to expedite the permitting process [34] Additional Important Information - **Exploration Potential**: Both companies highlight significant exploration upside, with Vizsla emphasizing the potential for additional high-grade mineralization and Star Gold focusing on expanding its resource base [3][13][24] - **Market Timing**: The current market conditions for silver and gold are favorable, enhancing the potential for cash flow generation and project advancement for both companies [3][20]

Core Insights - New Gold Inc. (NGD) shares reached a new 52-week high of $5.33, closing at $5.26, driven by rising gold prices and strong Q2 2025 results [1][7] - The company has a market capitalization of $4.16 billion and holds a Zacks Rank 3 (Hold) [1] Gold Price Drivers - Gold prices have been influenced by geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, central bank purchases, and tariff conditions, with prices surpassing $3,500 per ounce in April 2025 and currently around $3,340 [2] Q2 Performance - New Gold reported gold production of 78,595 ounces and copper production of 13.5 million pounds in Q2 2025, with revenues increasing 41.3% year over year to $308 million due to higher gold prices and sales volume [3] - Adjusted earnings were 11 cents per share, exceeding the Zacks Consensus Estimate of 10 cents, marking a 38% year-over-year improvement [3] Production Guidance and Exploration - The company is on track to meet its 2025 production guidance of 325,000 to 365,000 ounces of gold and 50 to 60 million pounds of copper [4] - Significant progress has been made in exploration at New Afton and Rainy River, focusing on organic growth initiatives [4] Financial Position - As of June 30, 2025, New Gold had cash and cash equivalents of $226 million and reported a record $63 million in free cash flow for Q2 2025, supported by strong production and operational cash flow [5] Stock Performance - New Gold shares have increased by 95.5% over the past year, outperforming the industry growth of 44.9% [6]

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and commodities [1][5] Background and Career Development - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap companies [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Digital Media and Industry Focus - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers, establishing him as a prominent voice in the cannabis industry [4] - Following this success, he created Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap sectors [4] Professional Expertise - Jeremy has experience as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology industries [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]

Industry Overview - The global precious metals market was valued at $306.44 billion in 2023 and is projected to exceed $501 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% [3] - Demand for gold remains strong as a safe-haven asset, with global central banks increasing purchases for the 13th consecutive year in 2024 [3] - Silver is experiencing growing industrial use, particularly in solar and electronics manufacturing, while platinum and palladium are expected to benefit from the transition towards electrification and green technology [3] PRISM Precious Metals Index - PRISM MarketView launched the PRISM Precious Metals Index to track emerging and established companies in the gold, silver, platinum, and palladium sectors, highlighting firms that drive innovation in mining, refining, recycling, and technology applications [1][4] - The index has returned approximately 83% since January 2, 2024, providing investors with insights into this strategically important sector [4] Company Highlights Vista Gold Corp. - Vista Gold Corp. is advancing its flagship Mt Todd Gold Project in Australia, focusing on disciplined, value-driven development with a streamlined feasibility plan [5] - The company reported $13.2 million in cash and no debt at the end of Q2 2025, with a feasibility study indicating strong economics and stable long-term production [5] Caledonia Mining Corporation - Caledonia Mining Corporation operates primarily in Zimbabwe, with its Blanket Mine showing record production and growth potential [6] - The company reported a 30% increase in revenue to $65 million and a net profit attributable to shareholders of $20.5 million, more than doubling from the previous year [6][7] NioCorp Developments Ltd. - NioCorp Developments Ltd. is advancing the Elk Creek Critical Minerals Project in Nebraska, targeting production of niobium, scandium, and titanium [8] - The company completed Phase I of its drilling campaign ahead of schedule and under budget, which will support its application for up to $800 million in debt financing from the U.S. Export-Import Bank [8]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Guardian Exploration Inc. has acquired exploration data from New Break Resources Ltd. related to the Esker gold project in Kivalliq, Nunavut, which is expected to enhance its mineral exploration capabilities [1][2]. Acquisition Details - The acquisition includes assessment data, drilling data, and GIS data related to the Esker gold project, originally discovered in 1997 [2]. - Guardian made a cash payment of $20,000 and issued 1,000,000 common shares to New Break as part of the acquisition [2]. Transaction Compliance - The acquisition is classified as an Arm's Length Transaction under TSX Venture Exchange policies, and conditional approval from the Exchange has been received [3]. - Final approval from the Exchange is anticipated after the submission of final materials [3]. Company Overview - Guardian Exploration Inc. is listed on TSXV and is involved in oil, gas, and mineral exploration and development, with projects including the Mount Cameron Property and the Sundog and Esker gold projects [4].

On behalf of the Board of Directors Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that all shareholders holding share purchase warrants (collectively, the "Warrants") issued pursuant to financings completed on February 25, 2025 (the "Financings") have exercised all the outstanding Warrants. A total of 2,019,0477 Warrants were exercised at C$0.40 per common share for gross proceeds ...

Core Insights - Scandium Canada Ltd is initiating a strategic initiative to engage with industrial users for its advanced patent-pending aluminum scandium alloys [1][3] - The company aims to leverage the unique properties of scandium-enhanced alloys to drive adoption across various industrial applications [3][5] Company Initiatives - Scandium Canada has partnered with Productique Québec to pursue industrial partnerships and market validation [2][6] - The initiative is supported by the Centre Québécois de Recherche et de Développement de l'Aluminium (CQRDA) [2][8] - The work will be conducted through Scandium+, a division dedicated to the development of the scandium market [4] Product Development - The patent-pending alloys are expected to transform industries such as aerospace and transportation by offering improved strength-to-weight ratio, corrosion resistance, and fabrication flexibility [3][5] - The company is focused on delivering superior materials that enhance performance and sustainability for manufacturers and end-users [5] Collaboration and Support - Productique Québec will assist Scandium Canada in connecting with companies that can benefit from scandium alloys integration and will facilitate pilot projects and proof-of-concept demonstrations [7][8] - CQRDA's support is aimed at strengthening Quebec's industrial landscape through high-value-added aluminum transformation [9][11] Market Positioning - Scandium Canada aims to become a market leader in scandium while promoting a responsible economy through innovation and agility [12]

Homerun Resources Inc. Announces Approval by ANM of Final Exploration Report for Mineral Rights Leased from CBPM in the Santa Maria Eterna High Purity Silica District August 21, 2025 8:00 AM EDT | Source: Homerun Resources Inc. Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that Brazil's National Mining Agency (ANM) has formally approved the Final Exploration Report for the concession are ...

Core Viewpoint - Talisker Resources Ltd. has enhanced its management team with the appointment of Richard Murrell as General Manager, Kyle Orr as Vice President of Exploration, and Lindsay Dunlop-Carpenter as Vice-President of Investor Relations, positioning the company for its next growth phase [1][2][6]. Management Team Enhancements - Richard Murrell brings 30 years of underground mining experience, specializing in shaft sinking and tunneling, and has previously worked with major mining companies such as Barrick and BHP Billiton. He will replace Bill Curry as General Manager of Bralorne [2][3]. - Kyle Orr, promoted to Vice President of Exploration, has been with Talisker since its inception and played a key role in a successful 165,000m resource drill-out program. He has prior experience as an exploration manager at Barkerville Gold Mines [3][5]. - Lindsay Dunlop-Carpenter has over 20 years of experience in investor relations, having previously established investor relations programs at Wesdome Gold Mines and Kirkland Lake Gold. She is expected to enhance market visibility and shareholder engagement for Talisker [6][7][8]. Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, Canada. Its flagship asset is the Bralorne Gold Project, which is transitioning into underground production at the Mustang Mine. The company also holds the Ladner Gold Project and the Spences Bridge Project, among others [9].