Core Viewpoint - Eurasia Mining has decided to sell its West Kytlim operations due to concerns over potential nationalization and regulatory risks in Russia [1][4]. Group 1: Sale Agreement Details - The company has accepted terms to divest its stake in Kosvinsky Kamen, which holds the West Kytlim alluvial platinum group metals and gold operations [1]. - The transaction values the loss-making asset at approximately $251 million, with the buyer set to pay Rbs671.2 million (around $9 million) [2]. - The significant difference between the asset's valuation and the expected proceeds is attributed to Russian regulations that limit foreign owners' returns from asset sales amid geopolitical tensions [3]. Group 2: Strategic Focus Shift - Eurasia Mining indicated that the West Kytlim asset represents only 0.3% of its total reserves, and the company aims to focus on its Arctic portfolio, which constitutes 99.7% of its reserves [4]. - The planned disposal aligns with the company's strategy to streamline its asset base and concentrate on higher-value projects in the Arctic region [5]. - The Arctic assets are supported by an agreement with the state-owned Far East and Arctic Development Corporation [5]. Group 3: Financial Implications - The sale is expected to provide non-dilutive funding for the development of the remaining Arctic portfolio, including the Tier 1 nickel-copper deposit NKT, which has an estimated net present value of $1.2 billion to $1.7 billion [6]. - As part of the deal, Kosvinsky Kamen will transfer the Travyanaya licence to Eurasia, allowing the company to retain this licence post-sale [6]. Group 4: Board Recommendations - The board of Eurasia Mining believes the sale is in the best interests of the company and has unanimously recommended that shareholders vote in favor of the transaction [7].

Industry Overview - Selected metals, including gold, silver, and copper, experienced a breakthrough year with some of the best performances in history, prompting exploration of junior companies with strong assets and M&A potential [1] Northisle Copper and Gold - Northisle Copper and Gold Inc. is developing the North Island Project, a 34,000-hectare copper-gold porphyry district on northern Vancouver Island, featuring several large porphyry centers [2] - The project hosts 6.9 million ounces of indicated gold and 3.1 billion pounds of indicated copper, with potential for further resource growth if certain centers are confirmed as part of a larger system [3] - The 2025 Preliminary Economic Assessment (PEA) outlines a 29-year mine life, average annual production of about 157 million pounds of copper equivalent, an after-tax NPV of $1.5 billion at a 7% discount rate, and a 29% IRR based on conservative commodity assumptions [4] - Key milestones for 2026 include an integrated resource update in Q2 and a pre-feasibility study in Q4 [5] Cassiar Gold - Cassiar Gold Corp. focuses on the Cassiar Gold Property in northern BC, Canada, which includes the Taurus deposit and a high-grade historic vein camp [6] - In 2025, Cassiar reported an updated NI 43-101 resource of approximately 410,000 ounces of gold in the Indicated category and 1.93 million ounces in the Inferred category [7] - The 2025 drilling campaign expanded to ~7,300 meters, demonstrating extensions of mineralization and new targets [8] - Cassiar has strong potential for cash flow in a gold bull market due to existing infrastructure and low capex, making it an attractive M&A target [9] - Near-term catalysts for M&A interest include further resource growth beyond ~2.3 million ounces and continued high-grade discoveries [10] Silver One Resources - Silver One Resources is focused on silver exploration with a portfolio of assets in Nevada and Arizona, including the Candelaria mine and Phoenix Silver [11] - The Candelaria technical report outlines 108 million silver-equivalent ounces in Measured & Indicated and 29 million in Inferred resources [12] - Work in 2025 at Phoenix Silver identified high-grade native silver targets, with drill intercepts of about 3,800 grams per metric ton [13] - The company is developing a proprietary non-cyanide leaching technology that could significantly improve recovery efficiency, projecting a potential recovery of 30 million ounces of silver from heap leach pads [14][15] Canterra Minerals - Canterra Minerals focuses on critical minerals and gold in central Newfoundland, owning the Buchans Critical Minerals Project and the Wilding Gold Project [17] - In 2025, Canterra conducted a 10,000-meter drilling campaign at Buchans, returning strong copper-equivalent grades [18] - Wilding's 2025 fieldwork recorded its highest-ever gold sample, with a new drilling program scheduled for Q4 2026 [19] - Canterra is well-funded for continued exploration into 2026, with a recent $5.7 million financing [19] - If Canterra can demonstrate a large gold resource at Wilding, it could become a logical acquisition target for Equinox [20][21]

Group 1 - Total Metals Corp. has appointed Ashley Nadon as Chief Financial Officer effective January 1, 2026 [1] - Ashley Nadon is a Chartered Professional Accountant with a Bachelor of Arts in Economics and an MBA in Accounting, and has experience as CFO for several reporting issuers [2] - Nadon replaces Brandon Schwabe, who is stepping down, and the Board expresses gratitude for Schwabe's contributions [3] Group 2 - Total Metals Corp. is focused on the Electrolode Project, which covers over 3,300 hectares in northwestern Ontario, targeting critical minerals and gold resources [4] - The Electrolode Project is fully permitted for exploration drilling and has 10 historic mineralized zones with significant expansion potential [4] - The company also owns the High Lake and West Hawk Lake Projects, covering 958 hectares, with significant exploration potential in the Purex Zone [4]

Core Viewpoint - Lux Metals Corp. has increased its private placement from 12,500,000 units to 17,500,000 units due to strong investor demand, aiming for total gross proceeds of up to $3,500,000 at a price of $0.20 per unit [1] Group 1: Private Placement Details - Each unit will consist of one common share and one transferable share purchase warrant, with the warrant exercisable into one additional share for two years at a price of $0.40 per share [2] - The gross proceeds from the issuance of the units will be allocated for exploration costs and general working capital [3] - The company may pay finders' fees in cash and/or non-transferable warrants in connection with the placement, subject to TSXV policies and applicable securities laws [4] Group 2: Regulatory and Compliance Information - The company anticipates closing the placement as soon as practicable, pending necessary regulatory approvals, including TSXV approval [4] - All securities issued under the placement will be subject to regulatory holds expiring four months and one day from the date of issue [4]

Group 1: Oil Market Dynamics - US oil production continues to surprise to the upside, with liquid supply up 1.3 million barrels per day, driven by both crude and natural gas liquids [2] - The current oil price level is considered attractive for the US economy, benefiting consumers, but may be too low for higher-cost US shale producers [4][5] - The market remains oversupplied due to strong supply growth from the US, Brazil, and OPEC countries, with geopolitical shocks temporarily pushing prices higher [3] Group 2: Metals Market Insights - Metals, particularly gold and copper, are experiencing upward price pressure due to constrained supply and increased demand from central banks [8][9] - Fed cuts tend to support metals prices more significantly than energy prices, as metals are viewed as longer-duration assets [6][7] - The potential for US tariffs is driving silver and copper prices higher, as it leads to lower inventories in global markets [10][11]

Core Insights - Copper prices are approaching $12,000 a ton, nearing an all-time high due to supply setbacks and tariff-related trade dislocations [1] - Prices have increased by approximately 37% this year, marking the largest annual gain since 2009 [1] Group 1: Market Dynamics - The recent rally in copper prices is influenced by a broader increase in risk assets, although there are concerns about relatively soft global demand [2] - Analysts indicate that the rise in copper prices is primarily driven by macroeconomic factors and supply-side dynamics rather than strong demand [3] Group 2: Performance of Other Metals - Other industrial metals such as aluminum, zinc, tin, lead, and nickel are also experiencing significant annual gains, with aluminum reaching its highest intraday level since the aftermath of Russia's invasion of Ukraine [3] - As of the latest data, LME copper was trading at $11,973 a ton, with other metals like aluminum and nickel also showing price increases [4]

Core Viewpoint - Boab Metals has exercised its option to acquire 100% interest in the Sorby Hills project, gaining complete control of a significant silver-lead operation in Western Australia [1][6] Group 1: Acquisition Details - Boab currently owns a 75% stake in the Sorby Hills project and will acquire the remaining 25% from Henan Yuguang (Australia) for A$12.5 million (approximately $8.26 million) [1][5] - The transaction is expected to close in January 2026, and all funds required for the acquisition have been secured without the need for additional funding [6] Group 2: Project Specifications - Post-acquisition, Boab will have rights to sell over 100% of the planned 897 kilo tonnes (kt) of concentrate, which is projected to contain about 18.6 million ounces (moz) of silver and 575 kt of lead [2] - Sorby Hills is recognized as the largest undeveloped, near-surface lead-silver deposit in Australia, with mining leases and Environmental Protection Agency (EPA) approval already secured [3] Group 3: Financial and Operational Outlook - Boab has made a final investment decision (FID) on the project, aiming to commence initial production in the second half of 2027 [3] - The company anticipates increased operating margins driven by a silver price that is over 100% higher than previously assumed in their feasibility study [5] - In addition to the A$12.5 million completion payment, Boab will make deferred payments of A$5.5 million at 12 months and A$5 million at 18 months after the start of concentrate production [5] Group 4: Management Commentary - Boab's managing director and CEO, Simon Noon, acknowledged the valuable support from Yuguang over the past seven years, which has been crucial in progressing the project to the point of making a final investment decision [4]

Core Viewpoint - The company has reached a significant milestone in its exploration journey this year [1] Group 1 - The open letter is addressed to stakeholders, highlighting the importance of the current year for the company [1] - The CEO and Director, Mathew Wilson, expresses gratitude towards stakeholders for their support [1]

Core Viewpoint - Talon Metals has entered into a definitive share purchase agreement with Lundin Mining to acquire 100% of Lundin Mining US, which owns the Eagle Mine and Humboldt Mill, valued at approximately $83.7 million [1][2] Group 1: Transaction Details - Lundin Mining will receive 275.2 million Talon shares, representing 18.4% of Talon's issued and outstanding shares upon completion of the deal [1] - Upon closing, Lundin Mining's total holding in Talon will increase to 19.99% of Talon's issued and outstanding common shares on a non-diluted basis [2] - The transaction will merge Lundin Mining's Eagle Mine and Humboldt Mill with Talon's stake in the Tamarack nickel-copper-cobalt project [2] Group 2: Exploration and Facilities - The deal includes Talon's prospective exploration land package of over 400,000 acres in Michigan, covering the Boulderdash nickel/copper discovery located eight miles from the Eagle Mine [3] - Talon's planned Beulah minerals processing facility in North Dakota will also be included in the combined arrangement [3] Group 3: Management and Governance - The transaction will result in a newly formed Talon board consisting of ten directors, with Lundin Mining nominating its president and CEO Jack Lundin, and Juan Andrés Morel [3] Group 4: Strategic Benefits - The combination of Talon and Eagle will create a pure-play US nickel company anchored by the Eagle Mine, the only primary nickel mine currently operating in the US, unlocking meaningful synergies [4] - The Humboldt Mill will serve as a shared, centralized processing facility [4] Group 5: Financial Arrangements - Lundin Mining will account for its interest in Talon using the equity method and will sign a production payment agreement covering ore processed at the Humboldt Mill that does not come from the Eagle Mine [5] - Under this agreement, Lundin Mining US will pay Lundin Mining $1 per tonne of non-Eagle ore processed at the Humboldt Mill, up to a cumulative maximum of $20 million [6] Group 6: Shareholder Rights and Lock-up Agreement - An investor rights agreement will be executed, granting Lundin Mining certain rights regarding director nominations, anti-dilution, and participation in future Talon equity financings [6] - Lundin Mining will also sign a lock-up agreement limiting its ability to acquire, sell, or dispose of Talon shares for a period of up to 24 months, with certain standard exceptions [7]

Core Viewpoint - Equity Metals Corporation has successfully closed a non-brokered flow-through private placement, raising $4.6 million through the issuance of 20 million flow-through units at a price of $0.23 each [1][2]. Group 1: Financial Details - The offering consists of flow-through common shares and warrants, with each unit comprising one flow-through common share and one-half of a non-flow-through share purchase warrant. Each whole warrant allows the purchase of one non-flow-through common share at $0.40 for three years [1]. - The company incurred finders' fees totaling $79,264 and issued 495,400 non-transferable finder warrants, also exercisable at $0.40 for three years [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated for exploration and resource expansion at the Silver Queen Au-Ag-Zn vein project, as well as for surface work and drilling on the Au-Ag Arlington property [2]. Group 3: Property and Project Details - The company has completed the final option payment for the Arlington property, earning a 100% interest, while the vendor retains a 2% net smelter return royalty, with an option for the company to purchase 1% for $1 million [5]. - The Silver Queen Project is a significant gold-silver property with over 100 years of exploration history, featuring extensive mining infrastructure and a maintained tailings facility [6]. - The Silver Queen Property encompasses 45 mineral claims and covers an area of 18,852 hectares, with mineralization found in a series of epithermal veins across a 6 sq km area [7][8]. - The company holds a 100% interest in the Silver Queen project, which is strategically located along the Skeena Arch in British Columbia, and also has a controlling interest in the Monument Diamond project [9].