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"Be Cautious:" Weakening Economy Poses Market Challenge, Metal Bull Run to Continue
Youtube· 2025-09-10 19:30
Group 1: Gold and Metal Miners - Gold prices have reached new record highs, with metal miners showing significant performance, up about 100% year-to-date compared to gold's 37% increase [3][4]. - Metal miners are considered undervalued, with expectations of another 100% increase in the next 3 to 4 months, particularly for indexes like GDX and SIL [5]. - The intrinsic value of metal miners is strong due to stable production costs, suggesting they will lead profitability in the coming years [4][20]. Group 2: Economic Health and Job Market - There were significant discrepancies in job data, with nearly 911,000 jobs reported that were not actually there, indicating potential market adjustments [7][10]. - Bankruptcies have increased by 11-12% this year, particularly affecting corporations, which could lead to broader economic challenges [10][11]. Group 3: Real Estate Market - The real estate market is experiencing a surplus of homes for sale, with 500,000 more homes available than buyers, leading to expectations of price declines as the market shifts to a buyer's market [15][16]. - Rising interest rates are impacting affordability, making it difficult for potential buyers to commit to mortgages [16]. Group 4: Investment Strategies - In light of potential market pullbacks, there are opportunities to buy on sale, particularly in technology stocks, which are seen as strong long-term investments [19]. - The focus on metals and metal miners is emphasized as they are expected to be critical for future technologies, including AI and electrification [20][21].
Blende Silver Corp Provides Update for the Blende Zinc-Lead-Silver Property
Thenewswire· 2025-09-10 14:45
Core Viewpoint - Blende Silver Corp. is advancing its exploration and development activities at the Blende zinc-lead-silver property in Yukon, with ongoing regulatory processes for mining permits and significant mineral resource estimates indicating potential for substantial mineral extraction [1][2][5]. Group 1: Project Development - The Company submitted a Class 4 Quartz Mining Land Use Approval application in January 2025, which is crucial for exploration and development at the Blende property [2]. - Proposed activities include upgrading existing trails, constructing new infrastructure such as a heli-pad and airstrip, and supporting a 25,000-meter drill program with up to 50 surface diamond drill holes annually [2]. - A smaller Class 1 Exploration Notification is being initiated to support a surface drill program with a temporary camp for less than 250 person-days [3]. Group 2: Mineral Resource Estimates - The Blende property hosts a significant mineral resource, with an Indicated Mineral Resource of 4.6 million tonnes grading 1.82% Zn, 1.63% Pb, and 30.3 g/t Ag, translating to approximately 187 million pounds of zinc, 167 million pounds of lead, and 4.5 million ounces of silver [5][6]. - An Inferred Mineral Resource of 42.2 million tonnes grading 1.83% Zn, 1.62% Pb, and 27.5 g/t Ag is also reported, equating to about 1.7 billion pounds of zinc, 1.5 billion pounds of lead, and 37.3 million ounces of silver [5][6]. - The mineralization is characterized as a Proterozoic-aged carbonate-hosted massive sulphide deposit, forming a mineralized corridor over 6 km [5]. Group 3: Regulatory Engagement - The Yukon Environmental and Socio-economic Assessment Board (YESAB) has extended the public comment period for the project until September 18, 2025, encouraging stakeholder participation [3]. - The Company is actively engaging with regulatory authorities to facilitate the approval process for the Class 4 Quartz Mining Permit [2]. Group 4: Historical Context - The Blende property was reported in 1995 as the largest strata-bound, carbonate-hosted, zinc-lead deposit in Yukon, highlighting its historical significance in the mining sector [4].
Scandium Canada Announces a Private Placement of $500,000
Thenewswire· 2025-08-29 20:30
Core Viewpoint - Scandium Canada Ltd. plans to complete a non-brokered private placement to raise $500,000 through the issuance of 20,000,000 units at a price of $0.025 per unit, each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of 20,000,000 units priced at $0.025 each, with each unit including one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.05 for a period of 24 months from issuance [1]. - The net proceeds will primarily be used for general corporate working capital, with no specific use exceeding 10% of the gross proceeds [2]. Group 2: Regulatory and Compliance Information - The securities issued will be subject to a hold period of four months and one day under Canadian securities laws and the policies of the TSX Venture Exchange [3]. - The offering is subject to the approval of the TSX Venture Exchange, with the closing expected around September 5, 2025 [3]. Group 3: Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development of aluminum-scandium (Al-Sc) alloys [5]. - The company is leveraging its Crater Lake mining project to meet the increasing demand for high-performance materials that are lighter and more environmentally friendly [5].
Nova Pacific Reports Best Drill Results to Date, Including 5.1 g/t AuEq Over 11 m
Newsfile· 2025-08-26 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported promising assay results from its Phase 1 exploration drilling campaign at the Coronation area of the Lara VMS Project, indicating strong potential for mineral resource expansion and validation of the exploration model [1][3][4]. Summary of Drill Results - The Phase 1 drill program has completed 36 holes, with results from 23 holes (5,435 meters) reported and 10 holes (3,225 meters) pending [4]. - Assay results validate the exploration model and are generally consistent with or better than historical drilling data, providing support for the historical dataset verification [5]. - Notable drillhole NP25-014 returned 11 meters grading 5.1 g/t AuEq, including 1 meter grading 20.5 g/t AuEq, marking it as the strongest intercept to date [6][7]. Upcoming Plans - The company is advancing towards a mineral resource estimate targeted for Q4 2025, with ongoing drilling and assay results expected to contribute to this estimate [4][12]. - Additional exploration is planned across six other mineralized zones within the 17-kilometer VMS belt, which remains largely untested [14][15]. Technical and Quality Control - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring high standards of quality assurance and control [16]. - The company employs certified reference materials and duplicates to monitor analytical accuracy, adhering to industry standards [16]. Company Overview - Nova Pacific Metals Corp. is focused on advancing the Lara VMS Project, which is strategically located near key infrastructure and enriched with critical and precious metals [20]. - The company aims to create shareholder value while maintaining environmental responsibility and strong community relationships [20].
Canadian North Resources Inc. Reports Operational and Financial Results for the Second Quarter Ended June 30, 2025
GlobeNewswire News Room· 2025-08-20 22:52
Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].
Canadian North Resources Inc. Reports Operational and Financial Results for the Second Quarter Ended June 30, 2025
Globenewswire· 2025-08-20 22:52
Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].
Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack Mine
Newsfile· 2025-08-19 11:00
Core Viewpoint - Magna Mining Inc. has reported promising initial assay results from the Levack Mine, indicating significant nickel and copper mineralization, which supports the ongoing restart study of the mine [1][3]. Exploration Results - The assay results from drillhole MLV-25-21 show 2.3% Ni and 0.7% Cu over 28.0 metres, with higher grades of 6.6% Ni and 0.7% Cu over 2.4 metres, and 3.3% Ni and 1.0% Cu over 12.4 metres [2][3]. - Drillhole MLV-25-22 reported 2.4% Ni and 0.8% Cu over 15.5 metres, with additional intersections showing 3.2% Ni and 2.2% Cu over 1.9 metres [2][3]. Drilling Operations - Two surface diamond drills are currently operational at the Levack Mine, focusing on near-surface infill and metallurgical drillholes, as well as exploring the footwall environment [4][5]. - An underground diamond drill is set to begin operations within the current quarter, with a second expected to start in Q4, targeting areas below the No. 3 zone and east of the Fecunis fault [7]. Future Plans - The drilling aims to provide data necessary for advancing the Levack restart study and to support a higher level of geological confidence for the upcoming Mineral Resource Estimate [3][5]. - The company plans to follow up on exploration once underground drilling is underway, particularly in areas with historical high-grade intersections [7]. Company Overview - Magna Mining Inc. is a producing mining company with a portfolio of copper, nickel, and platinum group metals assets located in the Sudbury mining district of Ontario, Canada [20]. - The company's primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of prospective properties including Levack, Crean Hill, Podolsky, and Shakespeare [20][21].
Imperial Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-07 22:40
Core Insights - Imperial Metals Corporation reported strong operational and financial results for the second quarter of 2025, aligning with guidance and driven by higher throughput and metal grades at its Mount Polley and Red Chris mines [2][3]. Financial Performance - Total revenue for the June 2025 quarter was CAD 175.8 million, up from CAD 131.7 million in the same quarter of 2024, reflecting a significant increase in operational performance [3][24]. - Adjusted EBITDA for the quarter was CAD 99.5 million, compared to CAD 54.0 million in the 2024 comparative quarter, indicating improved profitability [30][25]. - Net income for the June 2025 quarter was CAD 40.6 million (CAD 0.25 per share), up from CAD 20.4 million (CAD 0.13 per share) in the 2024 comparative quarter, driven by increased production and higher metal prices [7][24]. Production and Operations - Consolidated production for the first half of 2025 totaled 32,381,617 pounds of copper and 34,968 ounces of gold, with production from Mount Polley and Red Chris contributing significantly [2][10]. - The Mount Polley mine processed 1.759 million tonnes of ore in the second quarter of 2025, a 2.6% increase from the previous year, with copper and gold production also up due to improved grades and recovery [11][12]. - Red Chris mine production for the second quarter of 2025 was 23,479,231 pounds of copper and 22,624 ounces of gold, reflecting a 13% increase in copper production compared to the same quarter of 2024 [15][16]. Capital Expenditures - Capital expenditures for the June 2025 quarter were CAD 64.1 million, an increase from CAD 55.9 million in the 2024 comparative quarter, with significant investments in exploration and development [7][14]. Market Conditions - The average copper price in the June 2025 quarter was CAD 5.98 per pound, slightly down from CAD 6.05 per pound in the 2024 comparative quarter, while the average gold price rose to CAD 4,540 per ounce from CAD 3,199 per ounce [5][6]. Exploration and Development - The Red Chris Block Cave Feasibility Study is progressing, with approximately 11,727 metres of development completed as of June 30, 2025 [19]. - Exploration activities are ongoing, including diamond drilling at the Whiting Creek area, targeting a strong magnetic anomaly [21].
Visible Copper Mineralization in Drill Core and Rock Samples Up to 26% Copper and 5.73 Grams Per Tonne Gold at Yukon Metals’ AZ Property
Globenewswire· 2025-08-07 11:00
VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Yukon Metals Corp. (CSE: YMC, FSE: E770, OTCQB: YMMCF) ("Yukon Metals" or the "Company") is pleased to provide an update from its inaugural drill program at the 100%-owned 13,100-hectare AZ Project located approximately 6 kilometres west of the Alaska Highway and 36 kilometres south of the community of Beaver Creek, Yukon. Drilling and surface work completed in June and July appear to confirm the presence of a large-scale copper-bearing system a ...
Thunder Mountain Gold Launches Phase II Field Exploration at South Mountain Project, Idaho
Newsfile· 2025-08-06 12:01
Core Viewpoint - Thunder Mountain Gold Inc. has initiated Phase II field exploration at the South Mountain Project in Idaho, focusing on deeper porphyry systems and expanding known mineralization [1][7]. Exploration Program Details - The Phase II program incorporates advanced geophysical tools, particularly a Magnetotelluric (MT) survey, to identify conductive anomalies that may indicate porphyry copper-molybdenum systems beneath high-grade zones [2][3]. - The exploration will also include the extension and refinement of Induced Polarization (IP) surveys, porphyry-focused mapping, sampling programs, and structural geological studies to enhance drill targeting and geological models [3]. Technical Team - The exploration is led by a multi-disciplinary technical team with significant experience, including John Reynolds, Rich Leveille, and Dr. Stephen J. Reynolds, who have notable achievements in geophysical discoveries and exploration initiatives [5][6][13]. Project Background - The South Mountain Project is a polymetallic development site containing high-grade zinc, silver, gold, and copper, located approximately 70 miles southwest of Boise, Idaho. The project has seen historical mining activity and has undergone significant investment and rehabilitation since Thunder Mountain Gold acquired it [10][11]. Next Steps - The MT and IP surveys are scheduled to continue through late summer 2025, with data interpretation and 3D modeling expected in Q4 2025. Drill target prioritization is in progress for a potential drilling program in late 2025 or early 2026 [8].