Core Viewpoint - Regency Silver Corp. will present at the Centurion One Capital 9th Annual Toronto Growth Conference on March 5th, 2026, aiming to broaden its shareholder base and strengthen ties with long-term partners [1][2]. Company Overview - Regency Silver Corp. is a Canadian resource company focused on exploring high-grade gold, copper, and silver in Mexico [6]. - The company's flagship project is the Dios Padre project in Sonora, Mexico, where significant discoveries have been made, indicating a large magmatic-hydrothermal system [6]. Exploration Results - Recent drill results from the Dios Padre project include: - 38 meters of 7.36 g/t gold in hole REG 23-21 - 36 meters of 6.84 g/t gold, 0.88% copper, and 21.8 g/t silver in hole REG 22-01 - 29.4 meters of 6.32 g/t gold in hole REG 23-14 - 9 meters of 5.4 g/t gold in hole REG 25-25 [6]. Conference Details - The Centurion One Capital 9th Annual Toronto Growth Conference will feature presentations, panel discussions, and one-on-one investor meetings, taking place from 8:00 AM to 5:00 PM EDT at the Four Seasons Hotel [3]. - CEO Bruce Bragagnolo is scheduled to present at 10:15 AM and will participate in investor meetings [2]. Centurion One Capital Overview - Centurion One Capital aims to support visionary entrepreneurs by providing transformative capital and expertise, guided by core values of respect, integrity, and excellence [4]. - The firm employs a superior approach to investment banking, focusing on building enduring partnerships through aligned incentives [5].

Company Overview - Natural Resource Partners L.P. is a master limited partnership based in Houston, TX, focusing on a diversified portfolio of natural resources including coal, industrial minerals, and carbon sequestration rights [2] - The company also has an equity investment in Sisecam Wyoming LLC, recognized as one of the lowest-cost producers of soda ash globally [2] Recent Developments - The company filed its Annual Report Form 10-K for the fiscal year ending December 31, 2025, with the SEC on February 27, 2026 [1] - The report is accessible on the company's website, and hard copies can be requested at no charge [1]

Core Insights - Italy showcased its technological excellence at PDAC 2026, emphasizing a commitment to strengthen commercial ties with Canada, particularly in critical minerals and industrial innovation [1][4] Group 1: High-Level Institutional Synergy - Deputy Minister Valentino Valentini highlighted the synergy between Italy and Canada, focusing on collaboration in strategic sectors like critical minerals [4] - The Italian pavilion at PDAC 2026 featured more exhibitors and advanced technologies than previous years, indicating Italy's growing footprint in the mining sector [5] Group 2: Bilateral Cooperation - A bilateral forum titled "Italy – Canada: Critical Mineral Forum" was held to advance shared strategies and policy coordination on critical minerals and supply chains [6] - Earlier in 2026, a similar forum was organized in Rome, showcasing the reciprocal commitment between the two nations [7] Group 3: OpportunItaly Digital Platform - The OpportunItaly program was introduced as a digital hub to connect Italian companies with international buyers, enhancing trade fair participation [8][10] - The platform focuses on 10 strategic sectors, providing market intelligence to help international buyers navigate complex supply chains [10] Group 4: Strategic Shift in Italian Manufacturing - The OpportunItaly platform represents a shift from traditional craftsmanship to a tech-driven global powerhouse, ensuring Italy's reputation for excellence is supported by innovation [11]

Core Insights - Coal prices have risen by 18%, aluminium rates by 6%, and gold is expected to reach new highs due to geopolitical tensions in the Persian Gulf involving the US, Israel, and Iran [1][4] - Gold prices initially surged to over $5,350 per ounce but fell below $5,200 due to a strong dollar and interest rate hike fears [2] - Analysts indicate that recent gold selling is driven by investors needing cash for liquidity, although structural drivers for gold remain strong [3] Gold Market - BMI forecasts gold could reach an all-time high above $5,600 per ounce if geopolitical tensions persist [1][4] - The uncertainty regarding the duration of the geopolitical risk premium is a key factor driving gold prices higher [5] - Potential disruptions in the bullion market due to flight restrictions through Dubai could bolster bullish sentiment for gold [6] Aluminium Market - The escalation of conflict in the Persian Gulf has increased upside risks for physical aluminium premiums, with the Middle East accounting for about 8% of global aluminium capacity [8] - BMI expects aluminium prices to remain near $3,350 per tonne, with significant upside risks if tensions escalate further [11][12] - Qatar's production halt due to regional tensions is expected to impact aluminium supply, potentially leading to price increases [11] Coal Market - Disruptions in the Strait of Hormuz could lead to increased demand for seaborne thermal coal, particularly in Japan and South Korea [13] - Gas prices have spiked, and if Qatari LNG availability is constrained, thermal coal may benefit as a substitute [14] - Newcastle thermal coal futures reached $138 per tonne, a 16-month high, with Australian and Indonesian coal prices rising by 15% since the beginning of the week [15][16]

Summary of Tungsten Industry Conference Call Industry Overview - The tungsten industry is projected to generate approximately 190 billion yuan in revenue (+40%) and 20 billion yuan in profit (+50%) by 2025, with a mining profit margin of 46%, significantly higher than smelting (3%) and processing stages [2][3][4]. Key Insights - **Market Dynamics**: By September 2025, end-users shifted from concerns about inventory devaluation to defensive measures against supply disruptions, leading to a continuous price increase driven by cash prepayments for raw materials [2][5]. - **Export Trends**: In 2025, hard alloy exports are expected to decline by 17% to about 25,000 tons, while tungsten powder and APT exports may drop by around 50%. Conversely, imports of tungsten ore are anticipated to increase by over 50% [2][4]. - **Consumption Growth**: Tungsten consumption is projected to reach approximately 70,000 tons (+9%) in 2025, with significant demand growth in semiconductor-grade hexafluorotungsten, which is expected to surge from 2,000 tons to over 5,000 tons [2][8]. - **Recycled Tungsten**: The recycled tungsten market is expected to grow by 30% in 2024 due to high prices stimulating inventory release, but is projected to decline in 2025 as historical inventory is depleted [2][10][11]. Supply Chain Insights - **Mining and Production**: The annual tungsten ore production is estimated at around 130,000 tons in 2025, with a year-on-year growth of less than 1%. The average industry profit margin is expected to be around 10.5%, with mining margins significantly higher than those in smelting and processing [3][19]. - **International Supply**: Limited overseas mining increments are anticipated, with the Vietnam Mashan mine reducing production to 3,000 tons, and recovery expected to take two years. Central Asia and South Korea projects are unlikely to contribute effectively in the short term [2][16][17]. Price Dynamics - **Price Transmission**: The price transmission from upstream to downstream is currently smooth, driven by strong willingness from downstream users to secure raw materials amid high supply disruption risks [6][7]. - **Market Support**: The price support is attributed to the willingness of end-users to pay upfront for raw materials, indicating a stronger focus on securing supply rather than worrying about inventory devaluation [5][6]. Future Outlook - **Demand and Supply Balance**: The tungsten market is expected to remain in a tight balance, with domestic consumption growing faster than overseas, leading to a projected global consumption growth of about 2.5% to 3% [19][20]. - **Military Consumption**: Historically, military consumption accounts for about 10% to 15% of the tungsten market, but specific forecasts for 2025 or 2026 are not available due to data sensitivity [21]. - **Stockpiling Behavior**: There is a noticeable trend of downstream users increasing their raw material and supply inventories, driven by longer order visibility and a cautious approach to procurement [22]. Additional Considerations - **Environmental Impact**: Environmental regulations are not currently a major constraint on tungsten recycling, as the industry has matured and improved its resource and energy utilization [14]. - **Recycling Channels**: The primary recycling channels include cutting tools, with a high recovery rate, while mining tools have a lower recovery rate [12][13]. This summary encapsulates the key points discussed during the conference call regarding the tungsten industry, highlighting the projected growth, market dynamics, and future outlook.

Core Insights - American Resources Corporation (AREC) has expanded its intellectual property portfolio with a new patent application focused on producing ultra-high-purity lithium products from brines, enhancing its position in advanced critical mineral refining [1][8] Patent and Technology Development - ReElement Technologies, a portfolio company of AREC, has filed its eighth next-generation patent application, reflecting ongoing investment in proprietary separation and purification solutions [2] - The patented process enhances the chromatography-based refining platform and integrates with Direct Lithium Extraction (DLE) concentration systems, addressing the bottleneck between lithium concentration and final battery-grade conversion [3][8] Refining Platform and Environmental Impact - ReElement's refining platform is designed for flexibility, allowing for the rapid expansion of domestic and allied-nation refining capacity with a focus on speed, efficiency, and sustainability [4] - The platform requires a smaller footprint than traditional refineries, enabling co-location with mining or concentration assets, which improves logistics and reduces infrastructure needs [4] - It supports lower capital investment and operating costs while delivering high-purity outputs through cleaner, solvent-free processing, aligning with U.S. environmental standards [5] Market Performance - Shares of AREC have increased by 401.6% over the past year, significantly outperforming the industry's 63.1% rise [7]

Core Insights - The Innovator IBD 50 ETF (FFTY) has outperformed the S&P 500 significantly, returning 19.2% this year compared to the S&P 500's 0.7% return [1] - The strong performance of the IBD 50 index is attributed to its heavy weighting in gold stocks, which are not included in the S&P 500 [1] Performance Comparison - The IBD 50 ETF is the top performer among actively traded U.S. diversified ETFs, followed by Schwab US Dividend Equity (SCHD) with a return of 16.2% [1] - Coeur Mining (CDE) is the top position in the IBD 50 index, with a weight of 3.75% and a share price increase of over 35% this year [1] - IamGold (IAG) is the second-largest position, with a weight of 3.6% and a share price increase of 36% over the past year [1] Key Holdings - The third largest position in the ETF is Stoke Therapeutics (STOK), which has seen a price increase of over 6% this year [1] - Micron Technology (MU) is also a significant holding, with a weight of 3.3% in the IBD 50 ETF and a share price increase of 33% this year [1] - Other notable positions include AngloGold Ashanti (AU), Kinross Gold (KGC), and Applied Optoelectronics (AAOI), all contributing to the ETF's strong performance [1]

Core Viewpoint - The mining industry is considered one of the most underappreciated areas for investment, despite recent stock rallies [1] Group 1: Analyst Background - The analyst has over a decade of experience in financial markets, primarily in a hedge fund in Rotterdam [1] - The analyst has a high standard for investment choices and focuses on sectors like technology, specifically SaaS and cloud businesses, while also showing interest in energy and minerals [1] - The analyst has been following the energy and minerals sectors for over ten years, identifying them as areas with significant growth opportunities [1] Group 2: Research Approach - The research conducted is solely by the analyst, reflecting personal thoughts and insights [1] - The energy and minerals sectors are described as active spaces with a lot of news emerging weekly, making them engaging for research [1]

Group 1 - The company will change its name to "Xcite Uranium Inc." to reflect its primary focus on exploring and developing uranium projects [1][2] - The common shares will commence trading under the new name on or about March 9, 2026, and shareholders are not required to exchange their existing share certificates [1] - The Uranium City project portfolio includes properties such as Don Lake, Beaver River, Smitty, Lorado, Gulch, and Black Bay, aiming for high-grade discoveries based on new geological modeling [3] Group 2 - Xcite Resources is positioned as an early-stage exploration company targeting energy transition metals, with a specific emphasis on uranium in the Athabasca basin [3] - The company aims to leverage its uranium project portfolio to become a leader in the discovery and development of energy transition metals [3]

Market Performance - Wall Street's major indexes ended in the red, with chip stocks leading the decline, particularly Micron Technology (MU) which fell about -8% [1] - Mining stocks also plummeted, with Hecla Mining (HL) down over -11% and Coeur Mining (CDE) down more than -10% [1] - MongoDB (MDB) saw a significant drop of over -22% after issuing weak guidance for FQ1 adjusted EPS and FY27 revenue [1] - On a positive note, Best Buy (BBY) rose more than +7% following better-than-expected Q4 adjusted EPS results [1] Employment Data - ADP reported that private-sector job growth in February exceeded expectations, with 63,000 jobs added, a significant increase from January's revised total of 11,000 jobs [2] Oil Market - WTI crude oil prices traded near $75 a barrel after earlier gains were lost, influenced by geopolitical tensions and U.S. measures to ensure safe passage for oil tankers [3] Economic Indicators - U.S. rate futures indicate a 97.3% probability of no rate change at the upcoming Fed meeting, with economists closely monitoring the ISM Non-Manufacturing PMI and S&P Global Services PMI [7] - The EIA's weekly crude oil inventories report is expected to show a decrease to 3.0 million barrels from last week's 16.0 million barrels [8] Earnings Reports - Notable companies such as Broadcom (AVGO), Veeva Systems (VEEV), and Okta (OKTA) are set to release quarterly results [9] - In pre-market trading, Moderna (MRNA) gained over +6% after announcing a $950 million settlement related to patent litigation [19] International Markets - Asian stock markets closed lower, with China's Shanghai Composite Index down -0.98% and Japan's Nikkei 225 down -3.61% [12] - Japan's Nikkei 225 experienced its largest daily percentage drop since April 2025, influenced by the ongoing Middle East conflict [15]