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Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/ Investment coverage from Streetwise Reports. copyright 2012, Streetwise, Inc. Mining Co. Increases Arizona Gold-Silver Drill Campaign by 3,500 Meters https://www.streetwisereports.com/article/2026/05/28/mining-co-increases-arizona-gold-silver-drill-campaign-by-3-500-meters.html Source: <a href="https://www.streetwisereports.com/article/2026/05/28/mining-co-increases-arizona-gold-silver-drill-campaign-by-3-500-meters.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) expands North Contention silver-gold drilling at Tombstone with new funding and pending assay results fueling momentum.<a href="https://www.streetwisereports.com/pub/co/9156?utm_medium=feed" target="_blank" rel="noopener">Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB)</a> released a slew of news on May 28, 2026. The most significant news is that <a href="https://www.stockwatch.com/News/Item/Z-C!AZT-3825708/C/AZT" target="_blank" rel="noopener">Aztec has approved an additional 3,500 meters of reverse circulation (RC) drilling</a> at the North Contention area of its Tombstone joint venture property. This drilling program began in June 2025 and will now total approximately 22,000 meters of combined core and RC drilling, with an additional approved budget of CA$1.4 million. The company hopes to use this additional drilling to target gold-silver oxide mineralization. According to the press release, " he ongoing program has currently completed 14,162.5 m (meters) of RC drilling over 68 drill holes and 3,371.1 m of Core drilling over 9 drill holes. There are currently 14 RC drill holes shipped to the laboratory awaiting results and 3 Core drill holes are either awaiting core cutting or shipment to the laboratory prior to results." The company's second piece of news is the beginning of an investor relations contract with Redwood Empire Financial Communications, which is operated by Michael Bayes in Alpharetta, Georgia, U.S. Redwood will provide corporate communications services to Aztec and will assist in developing and implementing investor communications and financial public relations. Finally, Aztec will be participating in THE Mining Investment Event in Quebec City, Canada, from June 1-4, 2026, and the 2026 Precious Metals Summit in Beaver Creek from September 22-25, 2026. Company representatives will be available to speak with investors at both events. Aztec Minerals Corp. is an exploration company focused on silver-gold projects in Sonora, Mexico, and Arizona, U.S. The Tombstone Project is located in Southeastern Arizona, and Aztec holds an 85% interest in the joint venture. <h2 style="text-align: center;">Metals Market Strong Despite Dip</h2> Spot gold and silver prices tumbled on May 28, 2026, after fresh strikes between the U.S. and Iran unsettled hopes for an end to the war, despite President Trump claiming that <a href="https://www.foxnews.com/politics/us-iran-reach-ceasefire-extension-pending-trumps-final-approval" target="_blank" rel="noopener">a new 60-day ceasefire extension</a> had been reached. Silver slipped to US$74.91, down 3.25% from the previous day. Still, <a href="https://www.usatoday.com/story/money/personalfinance/2026/05/28/silver-price-on-may-28-2026/90291874007/" target="_blank" rel="noopener">the metal is still trading massively high compared to last year</a>, when it sat at only US$33.29 per ounce. Higher demand from electric cars, solar panels, data centers, and more are shoring up silver's future demand. <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-predictions-what-should-investors-expect-over-the-next-decade-130000645.html" target="_blank" rel="noopener">Yahoo Finance</a> quoted experts from both BlackRock and J.P. Morgan as saying, " By the end of 2026, experts predict silver's price will surpass US$80 per ounce, and it could reach US$100 per ounce by 2030." Gold and silver are considered safe haven assets and are often regarded as sensible investments during times of global uncertainty, as T<a href="https://economictimes.indiatimes.com/news/international/us/why-are-gold-and-silver-prices-up-today-and-will-precious-metals-continue-to-rise-or-fall-again-gold-rebounds-after-iran-us-ceasefire-extension-talks/articleshow/131376628.cms?from=mdr" target="_blank" rel="noopener">he Economic Times</a> said on May 28, 2026, writing: "The precious metals markets remain highly sensitive to interest rates, inflation expectations, and geopolitical developments." <h2 style="text-align: center;">Experts Note "Bullish Momentum"</h2> 1On April 27, 2026, technical analyst <a href="https://www.streetwisereports.com/article/2026/04/24/arizona-gold-silver-explorer-with-better-than-expected-drill-results-technical-analyst-issues-buy-alert.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave the company a "Strong Speculative Buy" rating</a>, with a short term price target of US$0.33 and a long-term price target of US$0.50. Thomson said that, "Volume is bullish, rising on rallies in the price, and fading on dips. MACD histograms are rising, and Stochastics is flashing a buy signal in the oversold zone." Senior analyst of The Gold Advisor, <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/scorpio-gold-aztec-minerals-american-pacific-mining-the-bull-markets-second-act/#az" target="_blank" rel="noopener">Jeff Valks, gave Aztec's stock a "Buy" rating</a> on May 28, 2026, saying: "The project has momentum, the drill plan is growing, and Tombstone still has that rare mix of history, access, and fresh modern work." [OWNERSHIP_CHART-9156] <h2 style="text-align: center;">Historic Estimates to Fuel Drilling</h2> The<a href="https://www.stockwatch.com/News/Item/Z-C!AZT-3825708/C/AZT" target="_blank" rel="noopener"> new Northern Contention area drill program</a> is expected to continue through August 2026, with results expected in Q4 2026. The company stated, "Aztec believes that the historic silver mines at Tombstone could be related to a much larger mesothermal system with CRD mineralization below the old mines. Since 2017, Aztec has completed geological mapping, geochemical sampling, and geophysical surveying to identify the most prospective areas for Au-Ag mineralization around and below the Contention open pit, and CRD zinc-lead-copper-silver-gold mineralization below the entire district. Aztec management views the district as highly prospective for the discovery of mesothermal and CRD mineralization." In Q2 2026, Aztec will begin planning for a 2026 exploration program for its Cervantes project in Mexico, according to <a href="https://aztecminerals.com/_resources/presentations/corporate-presentation.pdf?v=0.40" target="_blank" rel="noopener">the company's investor presentation</a>. <h2 style="text-align: center;">Ownership & Share Information2</h2> Aztec Minerals Corp. has a market cap of CA$49.10 million, with 188.84 million shares outstanding. The company's 52-week range is CA$0.17-CA$0.44. Management & Insiders own 50% of shares. The remaining 50% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> Important Disclosures:<ol> <li>Aztec Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol> <li>For the quoted article (published on April 27, 2026), Aztec Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31296"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31296" width="0" height="0"> ( Companies Mentioned: AZT:TSX.V; AZZTF:OTCQB, ) AZT:TSX.V; AZZTF:OTCQB Thu, 28 May 2026 00:00:00 PST 92% Visible Gold, 50,000 Meters Planned and Every Hole Hitting: Inside One of B.C.s Biggest Expanding Discoveries https://www.streetwisereports.com/article/2026/05/28/92-visible-gold-50-000-meters-planned-and-every-hole-hitting-inside-one-of-b-c-s-biggest-expanding-discoveries.html Source: <a href="https://www.streetwisereports.com/article/2026/05/28/92-visible-gold-50-000-meters-planned-and-every-hole-hitting-inside-one-of-b-c-s-biggest-expanding-discoveries.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) has mobilized a fully funded 50,000-meter drill campaign at its Surebet discovery in British Columbia's Golden Triangle, where the company reports gold mineralization in 100% of drill holes completed to date.<a href="https://www.streetwisereports.com/pub/co/9595?utm_medium=feed" target="_blank" rel="noopener">Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE)</a> reported <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/05/May-27-2026-Goliath-Mobilizes-For-A-Fully-Funded-50000-Meter-Expansion-Drill-Program-On-Surebet.pdf" target="_blank" rel="noopener">that it has mobilized for its 2026 drill campaign at the Surebet discovery on its 100%-owned Golddigger Property in British Columbia's Golden Triangle.</a> The company stated that the fully funded 2026 drill program will include approximately 50,000 meters of systematic drilling designed to expand known mineralization laterally and at depth, while also testing for a Motherlode Magmatic Gold Feeder Source. According to the company, expansion drilling will focus on extending the Bonanza Zone and Golden Gate Zone to the east, northeast, and southwest, while the Surebet Zone will be expanded to the west. Additional drilling is planned to test gold-rich mineralized veins that remain open, as well as lithological and structural features linked to magnetic anomalies that the company said may indicate the presence of a causative magmatic intrusion gold feeder source. Goliath stated that every drill hole completed between 2021 and 2025 within the 1.8 square kilometer Surebet discovery intersected gold mineralization. The company reported that the discovery contains five gold-rich zones comprised of 46 distinct stacked veins that remain open for expansion. Visible gold to the naked eye was reported in 92% of drill holes completed to date. <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/05/May-27-2026-Goliath-Mobilizes-For-A-Fully-Funded-50000-Meter-Expansion-Drill-Program-On-Surebet.pdf" target="_blank" rel="noopener">Founder and CEO Roger Rosmus stated in the company news release,</a> "Our team is convinced that we have a unique high-grade gold discovery that is highlighted by 46 gold-rich stacked gently dipping veins resulting in 5 major mineralized zones defined and modeled based on >1500 pierce points." The company stated that the Bonanza Zone can be traced on surface for approximately 3 kilometers along the north slope, with a potential extension of 1.3 kilometers to the northeast and 600 meters to the southwest. The Surebet Zone can be traced on surface for 1.1 kilometers along the north slope and 1 kilometer along the south slope. According to the company, the Bonanza Zone contains five veins up to 19 meters thick with intercepts up to 8.35 g/t gold equivalent (AuEq) over 23.00 meters, while the Surebet Zone contains nine veins with intercepts up to 21.08 g/t AuEq over 23.00 meters. The Golden Gate Zone contains 18 veins with intercepts up to 34.52 g/t AuEq over 39.00 meters. The Whopper Zone contains 12 veins with intercepts up to 32.67 g/t AuEq over 4.00 meters, and the Eldorado Zone contains two veins with intercepts up to 13.93 g/t AuEq over 5.75 meters. The company also reported that gold-rich Eocene-aged dykes extend for up to 1.4 kilometers north-south with widths up to 25 meters and intercepts up to 12.03 g/t AuEq over 10.00 meters. Goliath stated that metallurgical testing on a composite core sample resulted in recoveries of 92.2% for gold, 86.5% for silver, 94.2% for lead, and 96.9% for zinc through a combination of gravity and flotation methods. Goliath stated that the Golddigger Property land package has increased from 66,608 hectares to 91,518 hectares and now controls 56 kilometers of the Red Line geologic trend. The company said the property is located on tidewater with barge access to Prince Rupert and near infrastructure, including the town of Kitsault, adjacent to a permitted mine site on private property. Additional details were also outlined in the company's May 11, 2026, Golddigger Property presentation. <h2 style="text-align: center;">Gold Prices Hold Strong as Central Banks, Mining Margins, and Market Trends Stay in Focus</h2> <a href="https://www.kitco.com/news/article/2026-05-27/gold-will-top-5500-2027-could-reach-10000-2030-silvers-upside-will-narrow" target="_blank" rel="noopener">Reuters reported on May 25 that gold prices climbed more than 1% as lower oil prices and a weaker U.S. dollar supported bullion markets following optimism surrounding possible Middle East peace negotiations.</a> Spot gold rose 1.5% to US$4,574.17 per ounce, while U.S. gold futures for June delivery gained 1.2% to US$4,576.00. Reuters also reported that equities advanced while oil prices fell below US$100 per barrel and reached two-week lows. UBS analyst Giovanni Staunovo told Reuters that "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception." Staunovo also stated that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve," adding that he expected the trend to continue in the near term. According to Reuters, gold had declined approximately 14% since late February amid elevated energy prices, inflation concerns, and expectations for higher U.S. interest rates. Reuters also reported that traders were pricing in a 40% probability of a 25-basis-point Federal Reserve rate increase in December. <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_052626.html" target="_blank" rel="noopener">Stewart Thomson wrote on May 26 that gold had entered what he described as a pause phase following earlier gains against fiat currencies. </a>Thomson stated that "many more beatings on fiat by the world's currency queen lie ahead, but a lull in the action is the current theme and… It's healthy." He also wrote that "it's critical for gold bugs to stay focused on the big picture, and to understand that gold is not a 'hottie stock'." Thomson stated that leveraged futures traders remained focused on the impact of geopolitical conflicts, oil prices, inflation, and interest rates. He also noted that investor sentiment remained subdued, writing that "periods where morale is subdued coincide with the BPGDM trading under 50." <a href="https://www.kitco.com/news/off-the-wire/2026-05-25/gold-climbs-middle-east-peace-hopes-push-oil-and-dollar-lower" target="_blank" rel="noopener">According to a May 27 report from Kitco News, Doug Moglia, macro and market strategist at Rockefeller Global Investment Management, stated that precious metals had led the broader commodity rally. </a>Moglia said, "Precious metals have been the leader, with gold up 92% and silver more than doubling (+152%) since the start of 2025." Moglia stated that central bank activity continued to support the gold market, noting that "the result was three straight years of over 1,000 tonnes of gold purchased by global central banks between 2022-2024, representing roughly 20-25% of annual global mine production." He added that gold's price behavior had become "noticeably less sensitive to its traditional cyclical drivers." The Kitco report stated that Moglia viewed gold as remaining in a longer-term secular bull market. Moglia said, "We believe gold entered its third secular bull market in 2022," adding that "gold remains a secular anchor to portfolios." Moglia also discussed mining equities, stating that "gold and silver miners offer leveraged upside with improved carry." He further stated that operating margins for the gold and silver miner index were "near 40%, the highest level since 2011," while major miners were expected to generate approximately US$20 billion in free cash flow during 2025. <h2 style="text-align: center;">Analyst Report Discusses Expansion Drilling and Geological Continuity at Surebet</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/24/from-discovery-to-expansion-a-golden-triangle-gold-system-takes-shape.html?utm_medium=feed" target="_blank" rel="noopener">According to a February 24 report from John Newell of John Newell & Associates, Goliath Resources Ltd. was assigned a "Speculative Buy" rating.</a> Newell stated that the company had "completed more than 150,000 meters of drilling with a reported 100% hit rate for mineralization and continuing to expand the system in multiple directions." The report discussed the geological interpretation of the Surebet discovery, stating that "early skepticism around the geology has given way to a growing recognition of the scale, continuity, and structural complexity of the Surebet discovery, particularly following the company's 2025 and early-2026 drill results." Newell also stated that the company was "fully funded for its 2026 exploration campaign and continues to prioritize expansion of known zones while vectoring toward potential higher-grade feeder corridors within the broader system." In describing the mineralized system, the report referred to Surebet as "a large, high-grade gold system with vertical and lateral continuity," adding that "the continuity of mineralization is supported by the fact that an overwhelming majority of holes drilled to date contain visible gold to the naked eye." The February 24 report also outlined several price objectives. According to the report, "upside objectives focus first on the area near CA$4.10, followed by a larger measured target around CA$8.25." The report further stated that "on a longer-term basis, the structure supports a big-picture objective near CA$11.50 should the market move from early recognition toward full valuation of the discovery." On valuation, Newell wrote, "We view Goliath Resources Limited as a Speculative Buy . . . for investors who understand exploration risk and seek leverage to growing gold systems and a rising gold price." <h2 style="text-align: center;" data-start="3422" data-end="3455">2026 Expansion Drilling Plans</h2> <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/05/Golddigger-Property-__-May-11-2026.pdf" target="_blank" rel="noopener">The company stated that the fully funded 2026 drill campaign is designed to expand the footprint of the Surebet discovery both laterally and at depth across all five main mineralized zones</a>. According to the company, drilling will focus on extending the Bonanza Zone and Golden Gate Zone toward the east, northeast, and southwest, while the Surebet Zone will be tested further to the west. The Bonanza Zone currently has a strike of 1.8 kilometers northwest-southeast and 1.3 kilometers northeast-southwest, while the Golden Gate Zone has a strike of 1.6 kilometers east-west and 1.0 kilometer north-south. [OWNERSHIP_CHART-9595] The company also stated that additional drilling will target magnetic anomalies and lithological-structural features in the southwestern portion of the system that are associated with a potential Motherlode causative magmatic intrusion gold feeder source. Goliath reported that 17 feeder dykes have been intersected in drill holes or mapped on surface, with 13 remaining to be tested. According to the company's May 11, 2026, corporate presentation, the 2025-2026 off-season work has focused on geochemical investigations, updating the geologic model, and planning the 2026 summer drill and exploration campaign. The company stated that modeling work has involved collaboration with Archer, Cathro & Associates (1981) Limited, the Colorado School of Mines, Motherlode Consulting, and Oriented Targeting Solutions LLC. The company also stated in the presentation that the Surebet discovery contains more than 156,000 meters of drilling with over 1,500 pierce points and that all five main zones remain open for expansion. <h2 style="text-align: center;">Ownership and Share Structure2</h2> Management and insiders owned 20% of the company on a partially diluted basis, while strategic and institutional investors collectively held 35.0%, including Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (MUX:TSX; MUX:NYSE ), Waratah Capital Advisors, Deutsche Bank AG, US Global Investors Inc., Rob McEwen, Eric Sprott, and Larry Childress. The remaining shares were held by other institutional funds and retail investors. Goliath has 177 million shares issued and outstanding with a market capitalization of CA$326 million, or approximately US$203 million, and a 52-week trading range of CA$1.47 to CA$3.54. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Goliath Resources is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of McEwen Inc.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the John Newell article published on February 24, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 24, 2026), Goliath Resources has paid Street Smart, an affiliate of Streetwise Reports, US$3,550</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31293"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31293" width="0" height="0"> ( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE, ) GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE Thu, 28 May 2026 00:00:00 PST Biopharma Company Reveals High-Impact SCI Recovery Gains https://www.streetwisereports.com/article/2026/05/28/biopharma-company-reveals-high-impact-sci-recovery-gains.html Source: <a href="https://www.streetwisereports.com/article/2026/05/28/biopharma-company-reveals-high-impact-sci-recovery-gains.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> NervGen Pharma Corp. (NGEN:TSX.V; NGENF:OTCQX) reports 100% responder rates for NVG-291 in spinal cord injury trials, strengthening hopes for major recovery breakthroughs.NervGen Pharma Corp. (NGEN:TSX.V; NGENF:OTCQX) announced on May 26, 2026, <a href="https://www.stockwatch.com/News/Item/U-z9726231-U!NGEN-20260526/U/NGEN" target="_blank" rel="noopener">the results of positive independent, blinded biomechanical gait analyses</a> demonstrating neural recovery with its drug, NVG-291, in the Phase 1b/2a CONNECT SCI study. Newton Tech, an AI-powered movement intelligence company specializing in video-based motion capture and computational analysis of standardized walking assessments to produce quantitative measures of gait quality, analyzed the biomechanical data. Based on the Global Statistical Test, 100% (10/10) of NVG-291 subjects were classified as responders across the composite of the hallmarks of genuine neural recovery, versus 10% of placebo subjects. The data analyzed coordination, mechanical effort, and postural stability. <a href="https://www.stockwatch.com/News/Item/U-z9726231-U!NGEN-20260526/U/NGEN" target="_blank" rel="noopener">Key findings</a> from the analyses include: <ul> <li>Multivariate Global Treatment Effect (GTE): Integrating the established hallmarks of genuine neural recovery into a unified assessment, the GST demonstrated a statistically significant treatment effect favoring NVG-291 (GTE = +0.45; 95% CI: +0.15 to +0.72; p=0.0197), corresponding to a 72.7% probability of treatment benefit with NVG-291 versus placebo.</li> <li>Responder Analysis: Based on the GST, 100% (10/10) of NVG-291 subjects were classified as responders across the composite of the recovery measures of coordination, mechanical effort, and postural stability, compared to just 10% (1/10) of placebo subjects (p=0.0001). A responder was classified as a subject who outperformed the majority of opposite-arm subjects across the composite.</li> <li>Speed-Effort Dissociation: Among placebo subjects, gains in walking speed were statistically correlated with increased mechanical effort (peak knee angular velocity vs. speed: r=+0.83; p=0.003), consistent with compensation. This association was not observed in NVG-291 subjects, consistent with speed gains driven by restored neural control rather than compensatory effort.</li> <li>Consistency Across Recovery Measures: The multivariate treatment effect was consistent across all three recovery measures, with each favoring NVG-291 with statistical significance versus placebo.</li> </ul> Adam Rogers, MD, President, and CEO of NervGen, said in the release, "These results extend the robust efficacy observed in the Phase 1b/2a CONNECT SCI study, providing independent and objective evidence that NVG-291 is promoting genuine neural recovery, as reflected in lower-body locomotor function. In a chronic population, where meaningful natural recovery has largely plateaued, these findings strengthen the growing evidence supporting NVG-291 as a potentially best-in-class restorative therapy for chronic tetraplegia. When combined with previously reported clinical improvements, these new biomechanical findings further reinforce the foundation upon which we are advancing NVG-291 into the Phase 3 RESTORE registrational study in chronic tetraplegia, and our potential path to approval as the first pharmacologic therapy capable of enabling the nervous system to repair itself." NervGen Pharma Corp. is a Canadian clinical-stage biopharmaceutical company focused on developing the first neuroreparative therapeutics for spinal cord injury (SCI) and other neurotraumatic and neurologic conditions. <h2 style="text-align: center;">Pharma Sector R&D Spending Unstable but Crucial</h2> Neurorestorative therapies aim to repair and regenerate neural tissue after traumatic injuries, enacting "<a href="https://neurofeedback-luxembourg.com/top-neurorestorative-therapies-for-brain-injury-recovery/" target="_blank" rel="noopener">. . . a shift from simply protecting the brain to actively helping it heal.</a>" In February 2026, <a href="https://www.iqvia.com/insights/the-iqvia-institute/reports-and-publications/reports/global-medicine-use-trends-2026" target="_blank" rel="noopener">Iqvia discussed the global pharma market projection for 2026</a>, noting that total drug usage is expected to surpass four trillion doses daily by 2030. They wrote, "The largest drivers of medicine spending growth through the next five years will continue to be the use in developed markets of innovative therapeutics, especially in oncology, immunology, diabetes, and obesity." Pharma sector funding fell between 2024 and 2025, according to<a href="https://www.fiercebiotech.com/biotech/biopharma-doubles-down-big-bets-and-china-ipos-hit-10-year-low" target="_blank" rel="noopener"> a March 26, 2026, article for Fierce Biotech by Nick Paul Taylor. </a> He wrote that pharma funding had fallen from 2024 but noted that, "2025 was still the third-best year of the past decade. Similarly, overall funding was well above the pre-pandemic norm and only topped by 2020, 2021, and 2024." At the same time, <a href="https://sherwood.news/business/big-pharma-enters-2026-with-an-appetite-for-deals/?utm_source=snacks&utm_medium=email&utm_campaign=snacks_20260115&utm_content=bfea3c16b556ba0bea098082b252b3be" target="_blank" rel="noopener">J. Edward Moreno of Sherwood News reported</a> contradictory news on January 14, 2026, writing that, "In 2025, announced global biotech deals totaled US$228.4 billion, up from US$132.3 billion in 2024, data from Dealogic shows . . . Just two weeks into 2026, US$9.2 billion in deals have been announced." According to Moreno, movement is expected in the sector: "As some of the most lucrative drugs lose exclusivity in the next few years, pharmaceutical giants are increasingly shopping around for biotechs to add to their portfolios — and they are more than happy to pay a hefty premium for the right company . . . For some Big Pharma companies, business development spending is now about equal to, or more than, research and development." This statement could explain the emerging drop in research and development spending at biotech and pharma companies. <a href="https://www.biospace.com/business/pharma-r-d-spend-drops-3-6-as-pipeline-prioritizations-take-shape" target="_blank" rel="noopener">On March 25, 2026, BioSpace's Annalee Armstrong reported</a> that, "R&D spending at the top 16 pharmaceutical companies declined by 3.6% overall in 2025, as many aggressively cut spending and refocused pipelines." <a href="https://www.bcg.com/publications/2026/reimagining-business-models-biopharma-trends" target="_blank" rel="noopener">BCG talked about trends biopharma companies need to be aware of in 2026</a> in order to stay competitive, saying, "Near term, companies need to continue to innovate to decrease the complexity and cost of these therapies, and governments can find ways to incentivize and pay for them. The longer-term challenge for companies is to factor operational and economic considerations into R&D decision making earlier, ensuring that trial designs match real-world usage, indication sequences match opportunity, and endpoints enable market access." <h2 style="text-align: center;">Anticipated Data "As Good As We Hoped"</h2> Scott McAuley, Ph.D., provided an April 15, 2026, research note for Paradigm Capital and gave the company a "Speculative Buy" rating, with a price target of CA$4.32. McAuley expressed anticipation for the results of the Phase 2 RESTORE trial, stating, "We conservatively assume that top-line data will be released in mid-2028, with approval in 2030." Andre Uddin, Ph.D., and Seungwoo Lee, Ph.D., also provided opinions on NervGen on April 27, 2026. The pair rated the company a "Speculative Buy", with a price target of CA$5.50. The addition of Dr. Keith Vendola to the management team as CFO seemed to be their main driver. They wrote, "In our view, adding a CFO with deep corporate finance and capital markets experience strengthens the management team ahead of important milestones." H.C. Wainwright and Co.'s Raghuram Selvaraju, Ph.D., weighed in on April 27, 2026, as well. Selvaraju gave the company a "Buy" rating, with a price target of CA$18.00. "We believe that NVG-291 could be launched independently, even by a company of NervGen's size. The unmet nature of the medical need in chronic SCI patients may permit ultra-premium pricing, but even pricing in the US$200K range would imply peak sales potential exceeding US$2B at only a ~10% market penetration rate," he wrote, arguing that the current patient population is "almost totally unserved." On May 26, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? wrote: "Last Friday was a very bad day for NGEN. NGEN is listed on Nasdaq, and shares hit seven. I thought they would raise at that time, just like MSLE, but they didn't. They were taunting the Gait data. I thought it would be a good one, and the stock would pop, then they would raise the money. But they raised money last week — US$60 million at 2.5 with a 5-year warrant at 3.68, which is a huge dilution of existing shareholders. This kind of raise happened often in the bear market three years ago, which I was trying hard to avoid, but it is very hard to accept now as biotech is in a much better environment." Lin continued: "This morning, the long-awaited Gait data came out, and it was as good as we hoped — 10 out of 10 showed improvement vs 1 out of 10 in placebo groups. I do think they have a chance for accelerated approval (AA). If NGEN files for AA in the coming week, with the financing overhang, it is probably a good buying opportunity. If they don't file, it would be a 2028 story." [OWNERSHIP_CHART-10026] <h2 style="text-align: center;">Phase 3 Plans in Place</h2> <a href="https://www.stockwatch.com/News/Item/Z-C!NGEN-3802109/C/NGEN" target="_blank" rel="noopener">The company plans to begin the RESTORE Phase 3 registrational study in mid-2026</a>. Design and guidelines for Phase 3 will be as follows: <ul> <li>Study Design: Randomized, double-blind, placebo-controlled; approximately 150 subjects.</li> <li>Population Characteristics: Adults aged 18-75 with chronic tetraplegia due to traumatic SCI (≥C7; ASIA Impairment Scale C or D), 1-10 years post-injury.</li> <li>Study Sites: Up to 60 sites across the United States and Canada.</li> <li>Dosing Regimen: Daily subcutaneous injections of NVG-291 for 12 weeks, followed by a 4-week observational period.</li> <li>Primary Endpoint: Change from baseline to Week 12 in GRASSP Quantitative Prehension (QtP), a validated measure of functional hand use.</li> <li>Key Secondary Endpoints: PGIC, CGIC, Spinal Cord Independence Measure, Version-III (SCIM-III), and lower extremity spasticity, as measured by the Modified Ashworth Scale.</li> <li>Qualitative Assessments: Blinded qualitative interviews will be conducted when exiting the 16-week study period to contextualize the clinical meaningfulness and real-world impact of NVG-291.</li> <li>Open-Label Extension (OLE): An optional 12-week OLE will follow the main study, providing access to NVG-291 for all placebo-randomized subjects.</li> </ul> <h2 style="text-align: center;">Ownership & Share Information1</h2> NervGen Pharma Corp. has a market cap of US$175.07 million, with 82.19 million shares outstanding. The company's 52-week range is US$1.50-US$6.30. Institutions own 0.18% of shares, while Management & Insiders own 2.51%. Strategic Investors own 18.42%, and the remaining shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> <li>This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31290"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31290" width="0" height="0"> ( Companies Mentioned: NGEN:TSX.V; NGENF:OTCQX, ) Thu, 28 May 2026 00:00:00 PST Explorer Advances High-Grade Arizona Gold Project Toward Major Breakthrough https://www.streetwisereports.com/article/2026/05/27/explorer-advances-high-grade-arizona-gold-project-toward-major-breakthrough.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/explorer-advances-high-grade-arizona-gold-project-toward-major-breakthrough.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQX) announces that its common shares have started trading on the OTCQX Best Market under the ticker symbol "WPGCF." Find out what catalysts are coming for this Canadian junior.West Point Gold Corp. (WPG:TSXV; WPGCF:OTCQX) announced that its common shares have started trading on the OTCQX Best Market under the ticker symbol "WPGCF," <a href="https://westpointgold.com/west-point-gold-announces-upgrade-to-the-otcqx/" target="_blank" rel="noopener">according to a May 26 release</a>. The company has successfully upgraded from the OTCQB Venture Market to the OTCQX, which is the top tier of the OTC Markets. This move is designed to increase the company's visibility and make its shares more accessible to U.S. investors. West Point Gold's shares will continue to be listed on the TSX Venture Exchange with the symbol "WPG" and on the Frankfurt Stock Exchange under "LRA0." "Graduating to the OTCQX Best Market represents an important milestone for West Point Gold as we continue to broaden our visibility with U.S. investors," President and Chief Executive Officer Derek Macpherson said. "With an active exploration program underway at our flagship Gold Chain Project in Arizona and a broader portfolio of discovery-focused assets across the Walker Lane Trend, this upgrade supports our objective of improving market access, liquidity, and awareness as we advance the Company." This upgrade marks a pivotal development in West Point Gold's strategy to enhance its market presence and investor base in the United States. The OTCQX Best Market is recognized for its high standards, including stringent financial criteria, adherence to best practices in corporate governance, and compliance with relevant securities laws. Investors in the U.S. can access up-to-date financial disclosures and Real-Time Level 2 quotes for the company <a href="https://www.otcmarkets.com/" target="_blank" rel="noopener">here</a>. <h2 style="text-align: center;">Funds Available for Upcoming PEA</h2> Since its recapitalization in 2024, West Point Gold has been vigorously progressing its primary Gold Chain project, <a href="https://www.caesarsreport.com/reports/report-west-point-gold-fully-funded-and-drilling-toward-a-maiden-resource-at-high-grade-gold-chain-project/" target="_blank" rel="noopener">according to a May 27 report by Caesars Report</a>. Early in the year, the company successfully raised capital, which is set to support the continuation of its drilling program and the completion of a maiden resource estimate for the Tyro Main Zone. Assuming positive outcomes from this initial estimate, West Point Gold is also poised to undertake a Preliminary Economic Assessment (PEA) for the Gold Chain project, the article noted. "Given the high-grade nature of the project (an average grade of 1.5-2 g/t gold is to be expected given the higher grade pods in the mineralized system), Gold Chain could be a low-cost gold project in a Tier-1 mining jurisdiction, and we expect the maiden PEA to reflect a high-IRR and high NPV to initial capex ratio," Caesars Report said. West Point Gold capitalized on a favorable financing opportunity, raising CA$25 million, which now more than sufficiently funds the upcoming PEA. With gold prices projected at US$3,000 or US$3,250, the company's valuation remains appealing despite a significant increase in its share price over the past year, Caesars Report noted. The next 12 months are critical for defining West Point Gold's strategic direction, but the influx of high-grade drill results continues to bolster confidence in the company's future success and potential. <h2 style="text-align: center;">Analyst: Results Are Promising for Anticipated MRE</h2> <a href="https://www.streetwisereports.com/article/2026/04/28/gold-explorer-expands-strike-zone-at-gold-chain-to-400m.html?utm_medium=feed" target="_blank" rel="noopener">In April, the company released</a> assay results from seven infill reverse circulation (RC) drill holes, part of a comprehensive 20,000-meter drilling program at Gold Chain, which is in northwest Arizona. According to an updated research note by Red Cloud's Ron Stewart on April 24, the holes were drilled in the central to southern sections of the Tyro Main zone, a segment of a 3.4-kilometer northeast-southwest trending low-sulfidation epithermal zone. Notably, all holes encountered mineralization, with one particularly significant intercept yielding 1 gram per tonne gold (g/t Au) over 184 meters, marking the longest mineralized interval discovered so far at the site. These findings reinforce the continuity of mineralization within the Tyro Main zone and support the arrangement of the veins, underscoring Gold Chain's potential as a highly prospective epithermal gold project nearing its exploration target of 2 to 3 million ounces. Phase 2 metallurgical test results, released on April 22, indicate that ultra-fine grinding is necessary to effectively extract the finely disseminated gold, Stewart wrote. Key highlights from the drilling include 1 g/t Au over 184.4 meters, including a segment of 8.11 g/t Au over 10.7 meters in hole GC26-125, 3.11 g/t Au over 22.9 meters in hole GC26-116, and 0.8 g/t Au over 88.6 meters in hole GC26-127. Hole GC26-125, drilled parallel to the Tyro Main zone, encountered continuous veins and veinlets, while hole GC26-127, positioned close and slightly perpendicular to GC26-125, yielded similar results. Hole GC26-116 was strategically drilled to cross the entire zone. Stewart said the results are promising for the anticipated maiden Mineral Resource Estimate (MRE) later in the year. The mineralization within the Tyro vein system has been traced for approximately 1.4 kilometers, with high-grade concentrations noted at the northeastern end. To date, 94 holes drilled into the Tyro Main Zone have averaged 2.24 g/t over 28.2 meters. The company is continuing its aggressive drilling efforts, having completed 16,504 meters of the planned 20,000 meters, with results pending from an additional 24 holes. Further, the Phase 2 metallurgical results revealed that material sized to 0.075mm achieved gold recoveries of 87% to 92%, while silver recoveries ranged from 55% to 83%, the analyst continued. Conversely, HPGR ground material sized to 6.2mm and conventionally ground material to 12.5mm showed significantly lower recovery rates after 168 hours of leaching. These findings suggest that further metallurgical testing and optimization could enhance recovery rates. While West Point Gold has not yet been assigned a rating and target, the ongoing drilling successes and exploration advancements are expected to positively influence the company's valuation, Stewart noted. Key upcoming events include the release of the maiden MRE for the Tyro Main zone and the acquisition of drill permits for Jefferson Canyon, both slated for 2026. According to 321gold.com's Bob Moriarty, West Point continues to advance Gold Chain "one hole after another with their fully funded 20,000-meter drill program." He continued, "With CA$30 million in their treasury look for fireworks when they announce their pending 43-101 resource in 2026." <h2 style="text-align: center;">Gold Price Dip Could Be Big Opportunity</h2> Gold prices fell for a second session on Wednesday as expectations for a swift resolution to the U.S.-Iran conflict faded, keeping inflation concerns alive and clouding the interest rate outlook, <a href="https://www.msn.com/en-us/money/markets/gold-falls-as-mideast-uncertainty-clouds-rate-outlook/ar-AA24aTzo?ocid=finance-verthp-feeds" target="_blank" rel="noopener">according to a report by Noel John of Reuters published May 27 by MSN</a>. Spot gold was down 1.3% at US$4,448.43 per ounce, as of 1110 GMT. U.S. gold futures for June delivery fell 1.3% to US$4,446.20. Iran said on Tuesday the United States had violated a ceasefire by striking targets near the contested Strait of Hormuz, potentially complicating efforts to bring the war to a close. "Prices have dropped, approaching support at US$4,450 as hopes waver for a U.S.-Iran peace deal. Adding to gold's woes are steadily rising expectations that the Federal Reserve will raise interest rates amid conflict-induced price pressures," said Lukman Otunuga, senior research analyst at FXTM, according to the report. "Ultimately, further signs of rising price pressure may reinforce bets that the Fed will keep interest rates higher for longer — exposing gold to greater downside risk."[OWNERSHIP_CHART-11225] Minneapolis Fed President Neel Kashkari said on Wednesday that the central bank must focus on containing inflationary risks that appear to be building, though it was "far too soon" to predict when it could next change interest rates. Gold prices have been on a consistent upward trajectory for so long that even seasoned investors might have overlooked a significant recent drop, <a href="https://www.cbsnews.com/news/price-of-gold-down-19-percent-january-advantages-of-investing/" target="_blank" rel="noopener">wrote Matt Richardson for CBS News MoneyWatch on May 26</a>. The price per ounce has fallen nearly 20% from its January high, a decrease of about US$1,000 from earlier in 2026, the article said. Several factors have contributed to this decline, presenting a potentially fleeting opportunity for investors to purchase gold at a more accessible price point. It's crucial for both new investors and those looking to increase their holdings to seize this opportunity while it lasts, he said. "While multiple factors have contributed to that decline, the reality is that this opportunity to get invested at a more affordable price may not last very long," Richardson said. "So, it's important that investors who have yet to get started with the metal, as well as those who want to boost their holdings, take advantage while they still can." <h2 style="text-align: center;">Ownership and Share Information1</h2> West Point Gold Corp. has a market cap of CA$176.12 million, with 135.48 million shares outstanding. The company's 52-week range is CA$0.29 to CA$2.17. Management and insiders own about 6.3% of shares, while about 25.7% of shares are held by institutions. The rest is retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of West Point Gold Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.d<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31288"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31288" width="0" height="0"> ( Companies Mentioned: WPG:TSXV; WPGCF:OTCQX, ) Thu, 28 May 2026 00:00:00 PST Exploration Co. Finds Exceptional Saskatchewan Gold Results https://www.streetwisereports.com/article/2026/05/28/exploration-co-finds-exceptional-saskatchewan-gold-results.html Source: <a href="https://www.streetwisereports.com/article/2026/05/28/exploration-co-finds-exceptional-saskatchewan-gold-results.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS) reported up to 42.53 g/t gold over 4.5m in Saskatchewan as investors eye major upside from expanding drill campaigns.Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS) provided <a href="https://www.tridentresourcescorp.com/news-and-media/news/trident-resources-intersects-additional-high-grade-gold-at-contact-lake-grading-1788-gt-au-over-1125m-including-4253-gt-over-450m-from-86m-depth" target="_blank" rel="noopener">new assay results</a> on May 27, 2027, centered around its 2026 winter drill program at the Contact Lake gold project in northern Saskatchewan. The program encapsulated eight holes, each collared on the ice at Contact Lake to target gold mineralization in the BK3 Zone. This area hosts high-grade gold cores several hundred meters to the east-northeast of previous mine workings. Highlights of the assay results include: <ul> <li>Hole CL26042 returned 17.88 g/t gold (Au) over 11.25m from 86.00m</li> </ul> <ul> <ul> <ul> <li>including 31.36 g/t Au over 6.25m from 91.00m</li> <li>including 42.53 g/t Au over 4.50m from 91.00m</li> <li>including a single assay value of 350.00 g/t Au over 0.50m from 93.50m</li> </ul> </ul> </ul> <ul> <li>Hole CL26035 returned 93.44 g/t Au over 1.00m from 202.50m</li> </ul> All holes reported gold mineralization, with assays still pending for the remaining seven drill holes. The Contact Lake project covers 22,790 hectares and includes a past-producing mine that operated in the late 90s. The project was abandoned due to low gold prices at the time, leaving what the company believes to be substantial untapped resources unmined. "These results at Contact Lake further demonstrate the strong continuity of mineralization and, more importantly, reinforce the rapidly growing scale of the project. The presence of multiple parallel mineralized shear zones, combined with consistent high-grade gold intercepts, supports our belief that Contact Lake and the surrounding area have the potential to evolve into a new gold camp in Canada," said Jon Weisblatt, Trident Resources' CEO and director, in the release. Weisblatt continued, "As drilling continues to expand the footprint of mineralization, we are building confidence in the size, quality, and broader district-scale opportunity at Contact Lake. The project is increasingly drawing comparisons to other major Canadian high-grade discoveries, including the Dixie Project in Red Lake and Eskay Creek in British Columbia’s Golden Triangle." Weisblatt noted that the company has over CA$28 million in its treasury and is fully funded past the end of 2026. Trident Resources believes it is in a position to aggressively drill and grow gold resources at its properties. <h2 style="text-align: center;">Government Incentivizes Mining Companies</h2> A Canadian public mineral exploration company, Trident Resources, focuses on advanced-stage gold and copper exploration projects in Saskatchewan. The company's focus on diversifying Saskatchewan's mineral sector has allowed it to qualify for the Targeted Mineral Exploration Incentive (TMEI), which offered it a CA$150,000 rebate from the TMEI program. Weisblatt said, "We would also like to thank the Saskatchewan government for their support with the TMEI rebate, which will be invested in our projects in the province." <h2 style="text-align: center;">Gold Hits Two-Month Low, Still Resilient</h2> While gold prices are still significantly up from last year, rates dropped to a two-month low on May 27, 2026, due to fears of inflation and no end to the U.S.-Iran War in sight. Spot gold prices dropped 1.4% from the previous day, hovering at US$4,444.64 per ounce. June gold futures fell 1.2% to US$4,445.20. Reuters quoted Peter Grant, VP and senior metals strategist of Zaner Metals, as saying, "The biggest influence continues to be ⁠the Middle East. There was some lingering optimism, but as this continues to drag out, that optimism wanes." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. [OWNERSHIP_CHART-11417] <h2 style="text-align: center;">Expert's Stock Rise Expectation Realized</h2> Bob Moriarty of 321Gold.com expressed excitement at Trident's previous drill results released April 29, 2026, calling them "absolutely jaw-dropping." Moriarty wrote, "The standout was hole CL26036, which encountered a phenomenal grade of 15.11 grams of gold over a robust 51.83-meter interval starting at 256.00 meters depth. In gram/meter terms, that equates to an astounding 783.15 — hands down the most impressive drill hit in Contact Lake's history." Moriarty predicted that the stock price would surge after the news release, and that is exactly what happened. Now, after the results announced on May 27, Moriarty has updated his statement, saying: "Trident just reported another 200+ Gram/meter hole. Hole CL26042 returned 17.88 g/t AU over 11.25m from 86.00m. And the stock went down 11%. What did I miss? So, I bought more." <div> </div> <h2 style="text-align: center;">Investors Anticipate Summer Drill Program</h2> <a href="https://www.tridentresourcescorp.com/news-and-media/news/trident-resources-announces-closing-of-purchase-of-additional-4711-hectares-at-the-contact-lake-gold-and-greywacke-gold-projects">According to Trident's website</a>, the company is ". . . aggressively advancing its 100% owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project, which contains a historical copper resource." The summer 2026 drill program will commence in June and continue into the fall, with more than 20,000 meters of additional drilling expected. <h2 style="text-align: center;">Ownership & Share Information1</h2> Trident Resources Corp. has a market cap of CA$184.49 million, with 39.76 million shares outstanding. The company's 52-week range is CA$0.59-CA$4.69. Institutions own 5.02% of shares, while Management & Insiders own 3.60%. The remaining 91.38% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31286"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31286" width="0" height="0"> ( Companies Mentioned: ROCK:TSXV;TRDTF:OTCMKTS, ) Thu, 28 May 2026 00:00:00 PST Gold Co. Secures Ocean Partners Offtake Deal as Montauban Advances Toward 2026 Production https://www.streetwisereports.com/article/2026/05/27/gold-co-secures-ocean-partners-offtake-deal-as-montauban-advances-toward-2026-production.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/gold-co-secures-ocean-partners-offtake-deal-as-montauban-advances-toward-2026-production.html?utm_medium=feed">Riley Venton 05/28/2026</a> ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) finalizes a dor offtake agreement with Ocean Partners and secures a CA$9M working capital facility as Montauban advances toward first production in H2 2026.On May 26, 2026, Riley Venton and Ben Pirie of Atrium Research reiterated a Buy rating and CA$1.30 price target on <a href="https://www.streetwisereports.com/pub/co/2969?utm_medium=feed" target="_blank" rel="noopener">ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)</a>, implying 136% upside from the May 26 closing price of CA$0.55, following the company's announcement of a definitive doré purchase agreement with Ocean Partners UK Ltd. and an update on exploration progress at its Montauban Gold-Silver Project in Quebec. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Ocean Partners Offtake Agreement</h2> ESGold signed a definitive gold and silver doré purchase agreement with Ocean Partners UK Ltd., a globally recognized metals trading, technical advisory, and mine financing group. The agreement, which originated from a binding term sheet announced in October 2025, requires Ocean Partners to purchase 100% of the gold and silver doré produced from the Montauban Project's tailings and potential crown pillar material. Minimum delivery commitments total 50,000 oz Au and 1.0 Moz Ag over the term of the agreement. Pricing is based on prevailing LBMA or COMEX market prices, with Ocean Partners paying 99.8% of contained gold and 99% of contained silver, subject to refining charges of US$0.80 per payable oz of gold and US$0.50 per payable oz of silver. The agreement also provides ESGold with access to a non-dilutive working capital facility of up to CA$9M, structured in two tranches — an initial CA$3M tranche and a subsequent CA$6M tranche. Each drawn tranche carries a 1% arrangement fee and bears interest at three-month term SOFR plus 7.00% per annum until repaid. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Operational and Exploration Update</h2> Field collection for ESGold's expanded 70 km² district-scale Ambient Noise Tomography (ANT) survey is now complete, with interpretation underway as part of the company's evolving 3D geological model. Drill permits are anticipated in the near term, with systematic crown pillar definition drilling and targeted step-out drilling expected to commence shortly thereafter to evaluate extensions of mineralization at depth and along strike. Deliveries of key mill circuit components and supporting infrastructure equipment are ongoing on-site. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Montauban Land Position Expansion</h2> On May 5, 2026, ESGold announced binding purchase agreements to acquire an additional 44 mineral claims totaling approximately 2,448 ha in the Montauban region of Quebec, for total consideration of CA$70K in cash and 600K common shares at a deemed price of CA$0.50 per share. The newly acquired claims cover areas with historically documented polymetallic mineralization near Lac Viking, Lac Lanctôt, and Lac Charlie. This followed the staking of 114 additional claims in February 2026, further expanding the company's contiguous land position along a prospective mineralized trend. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Financial Overview and Valuation</h2> ESGold currently trades at approximately 0.3x NAV and 2.4x 2027E cash flow, compared to peer averages of approximately 0.4x NAV and 4.7x P/CF, suggesting potential for re-rating as production approaches. Atrium projects recovered production of 3.7 Koz AuEq in 2026E, rising to 9.3 Koz AuEq in 2027E. Revenue is forecast at CA$14.7M in 2026E and CA$37.2M in 2027E, with operating cash flow of CA$6.1M and CA$17.6M, respectively. The company holds CA$13.0M in cash and short-term investments against CA$0.4M in debt, for an enterprise value of CA$46.6M. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Analyst's Outlook</h2> Atrium views the Ocean Partners agreement as a positive development, noting that it secures a buyer for all gold and silver doré while the optional working capital facility provides non-dilutive flexibility through construction, commissioning, and the initial production ramp-up. Key upcoming catalysts include first production targeted for H2 2026, commencement of drilling pending receipt of drill permits, and cash flow generation beginning in 2027. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>ESGold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> Disclosure for Atrium Research, ESGold Corp., May 26, 2026 Analyst Certification Each authoring analyst of Atrium Research on this report certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and objective views about any and all of the designated securities discussed (ii) no part of the authoring analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in the research, (iii) to the best of the authoring analyst’s knowledge, she/he is not in receipt of material non-public information about the issuer, (iv) the analyst does not own common shares, options, or warrants in the company under coverage, (v) the analysts adhere to the CFA Institute guidelines for analyst independence, and (vi) this report belongs to the CFA Institute. Atrium Research Ratings System BUY: The stock is expected to generate returns of over 20% over the next 24 months. HOLD: The stock is expected to generate returns of 0-20% over the next 24 months. SELL: The stock is expected to generate negative returns over the next 24 months. NOT RATED (N/R): Atrium does not provide research coverage on the respective company. RATING COVERED COMPANIES BUY 48 HOLD 0 SELL 0 About Atrium Research Atrium Research provides institutional quality company sponsored research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, and an in-depth valuation analysis. For further information on our team, please visit https://www.atriumresearch.ca/team. General Information Atrium Research Corporation (ARC) has created and distributed this report. 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ARC does not perform any suitability or other analysis to check whether an investment decision made by the recipient based on this report is consistent with a recipient’s investment objectives, portfolio holdings, strategy, financial situation, or needs. Past performance is not an indication or guarantee of future results, future returns are not guaranteed, and loss of original capital may occur. By providing this report, ARC does not accept any authority, discretion, or control over the management of the recipient’s assets. Any action taken by the recipient of this report, based on the information in the report, is at the recipient’s sole judgment and risk. The recipient must perform his or her own independent review of any prospective investment. Neither ARC nor any person employed by ARC accepts any liability whatsoever for any direct or indirect loss resulting from any use of its research or the information it contains. This report contains "forward-looking" statements. Forward-looking statements regarding the Company and/or stock’s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. Such statements involve a number of risks and uncertainties such as competition, market demand, and the company’s (and management’s) ability to correctly forecast financial estimates. As a result, the actual results, events, performance or achievements of the financial product may be materially different from those expressed or implied in such statements. Please see the Company’s MD&A “Risk Factors” Section for a more complete discussion of company specific risks for the company discussed in this report. Any opinion or estimate constitutes the preparer's best judgment as of the date of preparation, and is subject to change without notice. ARC assumes no obligation to maintain or update this report based on subsequent information and events. 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The information contained in this report is intended to be viewed only in jurisdictions where it may be legally viewed and is not intended for use by any person or entity in any jurisdiction where such use would be contrary to local regulations or which would require any registration requirement within such jurisdiction.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31285"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31285" width="0" height="0"> ( Companies Mentioned: ESAU:CSE;ESAUF:OTCQB; Z7D:FSE, ) ESAU:CSE;ESAUF:OTCQB; Z7D:FSE Thu, 28 May 2026 00:00:00 PST Fintech Innovator Launches AI Agent Platform, Possible Big Gains Ahead https://www.streetwisereports.com/article/2026/05/28/fintech-innovator-launches-ai-agent-platform-possible-big-gains-ahead.html Source: <a href="https://www.streetwisereports.com/article/2026/05/28/fintech-innovator-launches-ai-agent-platform-possible-big-gains-ahead.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> The FUTR Corp. (FTRC:TSX; FTRCF:OTC; QA20:FSE) announces it is completing a CA$4.75 million non-brokered private placement. Find out what experts think, and why 2026 could the year of the AI agent.FUTR Agent App creator <a href="https://www.streetwisereports.com/pub/co/11506?utm_medium=feed" target="_blank" rel="noopener">The FUTR Corp. (FTRC:TSX; FTRCF:OTC; QA20:FSE)</a> announced it is completing a CA$4.75 million non-brokered private placement, consisting of 23,750,000 units at a price of CA$0.20 per unit. This placement has already secured firm commitments for the full amount, with the final closing anticipated to occur around Monday, May 25, <a href="https://www.stockwatch.com/News/Item/Z-C!FTRC-3823515/C/FTRC" target="_blank" rel="noopener">the company said in a May 22 release</a>. Each unit in this offering comprises one common share and one full warrant, with each warrant providing the option to acquire an additional common share at a price of CA$0.50 until May 30, 2028. There is a provision for the early expiration of these warrants if the stock trades at CA$1.25 per share on a VWAP basis over a 10-day period, at which point the board may accelerate the expiration date to 30 days following a related press announcement. The net proceeds from this offering are earmarked for general working capital and various growth initiatives, which may include potential acquisitions, the release said. All securities issued under this placement are subject to a four-month hold period as per the regulations of the TSX Venture Exchange and applicable securities laws. The offering is contingent upon the acceptance of regulatory filings by the TSX Venture Exchange. Notably, insiders of the company, including Chairperson G. Scott Paterson, Chief Executive Officer Alex McDougall, and Chief Operating Officer Jay Graver, have collectively invested CA$568,000 in the offering, the company said. Additionally, FUTR Corporation has engaged Montreal-based DK Capital Partners to strengthen engagement with current and potential investors and to develop a comprehensive capital markets strategy. DK Capital Partners will receive a fee of CA$10,000 plus applicable taxes upon agreement execution, with potential discretionary bonuses based on milestone achievements. Lastly, the company has granted 450,000 incentive stock options to a consultant, with an exercise price of CA$0.22, vesting monthly over six months, and expiring on April 1, 2028. These options were issued under the company's Omnibus Equity Incentive Plan. <h2 style="text-align: center;">FUTR Payments 2.0</h2> FUTR Payments 2.0 successfully reached full commercialization in March 2026, following a comprehensive platform rebuild completed in November 2025. The first quarter of 2026 was particularly notable for FUTR, as the company secured 22 new dealer agreements, marking the highest number of new partnerships in any single quarter since its inception. This achievement builds on the momentum gained during the transition period, which saw the establishment of a network of over 160 active dealers. Additionally, FUTR has recently forged a new distribution partnership with the New York State Automobile Dealers Association (NYSADA), which provides access to approximately 1,000 franchised dealers across New York State. The company has set a target to expand its network to 500 active dealers by the end of 2027. In product development, the FUTR Agent App is progressing from a closed beta phase to targeted distribution channels. As the user base for the Agent App expands, the company expects to activate Revenue Stream 2, Agent-Driven Lead Generation, by the third quarter of 2026. In this revenue model, brands will compensate FUTR in FUTR Tokens for connecting them with verified, high-intent consumers. Moreover, FUTR has announced a strategic move into banking by entering into a binding letter of intent with EQIBank, Inc. to form a neobank joint venture, which FUTR will predominantly control with a 75/25 ownership split. Subject to final agreements and regulatory approvals, this joint venture aims to roll out several innovative services, including the FUTR Card, FUTR Digital Yield, FUTR Just In Time Payments, FUTR Global Currency, and FUTR Asset Optimizer. These services are anticipated to launch commercially in the second half of 2026, availability depending on jurisdiction. "FUTR Payments 2.0 is fully commercialized, the FUTR Agent App is moving into distribution, our auto dealer partners are positioned to drive FUTR Agent App User growth and the pending EQIBank joint venture opens the door to offering an entirely new suite of financial products," McDougall said at the time. He further explained the financial strategy, "The financials for this period look the way they do because we chose to absorb these costs now rather than carry them forward. What comes next is the business model we have been building toward, and the early indicators suggest it is working." <h2 style="text-align: center;">Analyst: Co. Undergoing Significant Transformation</h2> <a href="https://www.streetwisereports.com/article/2026/05/26/fintech-agent-app-nears-launch-and-two-new-revenue-streams-target-h2-2026-activation.html?utm_medium=feed" target="_blank" rel="noopener">According to an updated note </a>by Research Capital Corp.'s Greg McLeish on May 11, FUTR is undergoing a significant transformation, evolving from a company focused solely on payment optimization to a multifaceted platform encompassing embedded finance and consumer data. "With Payments 2.0 now commercialized, the Agent App nearing broader rollout, and two additional monetization streams expected to activate in H2/26, the company is approaching an important transition from infrastructure buildout toward platform monetization and operating leverage," wrote McLeish, who rated the stock a Speculative Buy with a CA$3 per share target price, a nearly 1,300% return from when he wrote the note. The company is on the cusp of a major monetization phase, with the introduction of Agent Driven Lead Generation in the third quarter of 2026 and Premium Agent App Services in the fourth quarter expected to substantially increase user monetization, McLeish said. These new revenue streams will capitalize on the existing consumer relationships and financial data profiles, enhancing the Average Revenue Per User (ARPU) and lifetime value without incurring additional customer acquisition costs. The FUTR Agent App is set to move from closed beta to a broader commercial rollout in the second quarter of 2026. This marks a pivotal development in FUTR's evolution from a payments platform to a comprehensive financial data ecosystem. The app integrates payments, embedded finance, consumer data monetization, and premium financial services into a cohesive platform architecture. This integrated strategy is designed to foster long-term consumer financial relationships that support multiple layers of recurring monetization. In addition to these developments, FUTR has expanded its embedded finance capabilities through a joint venture with EQIBank. This collaboration is slated to introduce new banking and financial products in the second half of 2026, including the FUTR Card, FUTR Digital Yield, FUTR JITP, and FUTR Global Currency platform, the analyst noted. These offerings are expected to significantly elevate monetization per active consumer, further integrating FUTR into everyday financial activities of consumers. "Management continues to position FUTR as a privacy-first consumer data monetization platform built on verified, consented financial data rather than inferred behavioral advertising signals," McLeish said. "As the consumer data profile deepens across categories such as Auto, Home, Insurance, Telecom, and Food and Beverage, FUTR expects to generate increasingly valuable financial introductions for brands across insurance, refinancing, mortgages, and lending. The company believes this creates the foundation for a scalable network effect capable of compounding both consumer engagement and monetization over time." <h2 style="text-align: center;">Expert Notes Co.'s Ambitious Growth Strategy</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/19/hi-fidelity-ai-a-godsend-chairman-and-charts-for-the-bulls-is-this-the-technology-sector-buy-of-the-year.html?utm_medium=feed" target="_blank" rel="noopener">On February 19, Technical Analyst Stewart Thomson provided</a> an in-depth analysis of a company renowned for its advanced AI technology. Thomson highlighted the company's high-fidelity AI agent, which not only serves as a personal advisor but also offers rewards to users for engaging in its training. He detailed the company's aggressive growth strategy aimed at attracting a diverse range of users, including individual consumers, banks, and lending institutions. Thomson explained that the AI system is designed to automatically monitor spending, identify potential savings, and optimize cash flow for its users. Additionally, the system incorporates sophisticated data valuation algorithms and tokenized incentives, both of which are creations of the FUTR Foundation. Another significant feature of the system is the FUTR vault, which is equipped with intelligence document processing (IDP) capabilities that facilitate automatic data extraction from documents. In his technical analysis, Thomson noted a bullish divergence between the Stochastics oscillator and the company's stock price, suggesting a potential upward trajectory for the stock. He observed that the stock was positioned for a breakout from its current congestion zone, with a target price of CA$0.60. At the time of his review, the stock was trading at approximately CA$0.27. Thomson rated the stock as a Speculative Buy and set ambitious price targets: CA$0.60 in the short term, CA$1 in the medium term, and CA$5 in the long term, reflecting his positive outlook on the stock's future performance. <h2 style="text-align: center;">The Catalyst: AI Agents Going Mainstream</h2> Over the past few years, the narrative surrounding consumer AI has largely focused on the development of increasingly smarter chatbots, according to a piece written by Eliza Labs Founder Shaw Walters for Forbes on January 23. These advancements have been characterized by larger models that provide better responses and exhibit fewer errors, essentially enhancing the traditional digital interfaces used in messenger apps. However, this progression alone is unlikely to be the catalyst for significant behavioral change among consumers.[OWNERSHIP_CHART-11506] The true turning point for consumer AI is expected to emerge not from incremental improvements to general-purpose assistants, but rather from the development of highly specialized assistants. These AI agents, or "micro-apps," will be tailored to perform very specific, perhaps even peculiar, functions. The uniqueness and narrowly focused capabilities of these agents are anticipated to capture consumer interest swiftly, much before widespread questioning of their existence begins. "In 2026, AI agents won't go mainstream because they're intelligent," Walters wrote. "They'll go mainstream because they're quirky, personal, and sweep through culture the way memes do. And that's how they'll spread, by being specific, emotionally charged, and easy to copy, not through enterprise rollouts or productivity benchmarks." <a href="https://techxplore.com/news/2026-03-openclaw-creator-year-general-ai.html" target="_blank" rel="noopener">During an interview in Tokyo, Peter Steinberger, creator of the AI agent tool OpenClaw</a>, expressed optimism about the future of AI agents, stating to AFP, "you'll see much more of that this year because this is the year of agents," according to a report by Andrew Zinin for TechExplore on March 30. He acknowledged that there are improvements to be made but highlighted the increasing interest from developers who are eager to "make the future happen." <h2 style="text-align: center;">Ownership and Share Structure2</h2> Approximately 23% of the company is owned by management and insiders. The remainder is held by retail investors. The company's market cap on February 12 was CA$27.58 million with 125.36 million shares outstanding. It trades within a 52-week range of CA$0.16 and CA$0.42. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>The FUTR Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of The FUTR Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on February 19, 2026: <ol> <li>For the quoted article (published on February 19, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31266"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31266" width="0" height="0"> ( Companies Mentioned: FTRC:TSX; FTRCF:OTC;QA20:FSE, ) FTRC:TSX; FTRCF:OTC;QA20:FSE Thu, 28 May 2026 00:00:00 PST Mining Co. Begins High-Quality West Virginia Met Coal Operations https://www.streetwisereports.com/article/2026/05/28/mining-co-begins-high-quality-west-virginia-met-coal-operations.html Source: <a href="https://www.streetwisereports.com/article/2026/05/28/mining-co-begins-high-quality-west-virginia-met-coal-operations.html?utm_medium=feed">Streetwise Reports 05/28/2026</a> Clinch Resources Ltd. (CLCH:TSX) launched ahead-of-schedule coal production in West Virginia, targeting expanded output to meet rising metallurgical ("met") coal demand.<a href="https://www.streetwisereports.com/pub/co/11598?utm_medium=feed" target="_blank" rel="noopener">Clinch Resources Ltd. (CLCH:TSX)</a> announced <a href="https://clinchresources.com/clinch-resources-ltd-announces-first-coal-production-from-lanes-branch-property/" target="_blank" rel="noopener">the commencement of mining at its Lanes Branch surface coal mine</a> in southern West Virginia. The 54,000-acre ARI project has begun generating high-quality coal ahead of schedule. "The commencement of operations at Lanes Branch is a major milestone in the overall development of Clinch's mining projects and path to near-term coal production," <a href="https://www.coalage.com/departments/breaking-news/clinch-resources-begins-mining-at-lanes-branch/" target="_blank" rel="noopener">said Jon Nix, CEO of Clinch</a>. "By integrating a second equipment spread within the next 90 days, we are positioning the company to increase production capabilities and capitalize on the growing demand for high-quality coking coal." Nix said in today's release, "Reaching first production ahead of schedule at Lanes Branch validates our operational strategy and the quality of our assets. We are now focused on ramping production volumes while maintaining the operational excellence and safety standards that define our company culture." On May 26, 2026, Clinch announced <a href="https://www.stockwatch.com/News/Item/Z-C!CLCH-3824885/C/CLCH" target="_blank" rel="noopener">the delivery of its first Caterpillar HW 300 highwall miner to its Lanes Branch mine</a>, with a second unit scheduled to arrive in the next few months. Highwall mining is a highly efficient, surface-based extraction method that recovers coal from exposed seam faces without underground access, and this addition allows significant expansion of extraction in the ARI project. Nix said, "The acquisition of our first Caterpillar HW 300 highwall miner marks another meaningful step in building out our operational platform at ARI. These units allow us to efficiently access high-quality coking coal reserves across our Lanes Branch footprint that are ideally suited to highwall mining techniques. With one unit, and a second unit in the coming months, we are adding a low-capital, high-return production stream that strengthens our overall volume profile and reinforces our path toward becoming a significant low-cost central Appalachian met coal producer." Clinch is a metallurgical mining company with its corporate office located in Knoxville, Tennessee, and operations in West Virginia. Clinch is currently opening its first two mines, centered around the production of met coal. The company also has 39% ownership interest in J.J. Resources Inc., which owns nearly 24,000 acres of land in central West Virginia, including the past-producing Meadow River mid-vol met coal mine. Historical estimates show ". . . 51.12M tons M&I in-situ coal resource with 16.36M tons of P&P reserves," according to the company's investor presentation. <h2 style="text-align: center;">Coal Remains a Major Energy Driver</h2> Last year, the Trump administration added met coal to the critical minerals list, opening up grant funding for companies, like Clinch, to extract those minerals. Met coal is the shorthand term for metallurgical coal, also often known as coke, which is essential to global steel production and has no viable substitute. In a 2026 review, <a href="https://www.iea.org/reports/global-energy-review-2026/coal" target="_blank" rel="noopener">the International Energy Agency</a> said, "In the United States, strong coal use in the power sector supported a 10% rise in demand, reversing the trend of declines in recent years." While the Appalachian region of the U.S. is known for coal, China is the largest consumer of it in the world, using about 30% more per year than the entire rest of the world combined. Amid this demand, domestic sourcing is more important than ever. <blockquote class="callOut left">Ocean Wall's report called Clinch "highly compelling," saying, "A 2027 peer-group average EV/EBITDA multiple of 4.5x implies a fair value of US$2.37 per share." </blockquote> According to a March 2026 thematic research report by Nick Ward for Ocean Wall, "Global supply growth is increasingly constrained. New projects face tougher regulation, rising costs, and restricted access to capital." The report went on to say, "Coke's integral role is down to three non-substitutable functions: as a high-temperature fuel, as the structural matrix that maintains permeability in the furnace, and as the chemical reductant that strips oxygen from iron ore to produce hot metal. This 'functional indispensability' helps explain why met coal retains an essential role within the built environment despite the broader anti-coal narrative. Around 90% of met coal is consumed directly within global steel production." "Shortages are also piling up because of stricter permitting and ESG screens, structural increases in operating costs, and restricted access to capital that has penalized long-lead resource projects." Wall's report called Clinch "highly compelling," saying, "A 2027 peer-group average EV/EBITDA multiple of 4.5x implies a fair value of US$2.37 per share. Additional meaningful upside could stem from structurally advantaged margins and further significant production growth, particularly from the highly attractive Sewell seam. [OWNERSHIP_CHART-11598] <h2 style="text-align: center;">Analyst Sees Competitive Position for Company</h2> Analyst Peter Gastreich of Water Tower Research talked about the importance of met coal in a May 27, 2026, research update, saying, "The metallurgical and specialty coal segment is structurally distinct from thermal coal. Met coal is sold for its chemistry (volatile matter, ash, sulfur, fluidity, CSR) rather than its BTU content and it serves as the irreplaceable chemical feedstock for primary steelmaking through the integrated blast furnace and basic oxygen furnace (BF-BOF) route. BF-BOF accounts for ~70% of global crude steel production and has no scaled commercial substitute through 2035." With no clear replacement for met coal, Gastreich warned of an upcoming shortage that paves the way for companies like Clinch to step in. "The IEA projects operating met coal supply commitments falling to ~160 Mt by 2035 against required supply of ~365 Mt. ESG-driven capital withdrawal, multiyear permits, and major-miner divestitures have compressed new supply," he wrote. According to Gastreich's report, "Clinch's competitive position rests on quality, cost, and leadership." He wrote, "The Sewell Seam yields low-ash, low-sulfur, mid-vol coal qualifying for both blast furnace and specialty markets. The targeted ~US$90/t LOM cash cost places the assets in the lower quartile of the global cost curve. Management combines decades of Appalachian coal operating experience with deep specialty metals industry expertise." <h2 style="text-align: center;">Ownership & Share Information1</h2> Clinch Resources Ltd. has a market cap of CA$515.20 million as of May 28, 2026, with 355.45 million shares outstanding. The company's 52-week range is CA$1.10-CA$2.75. Management & Insiders own 11% of shares, and the remaining 89% of shares are held by Retail and Institutions. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Clinch Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Clinch Resources Ltd.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31245"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31245" width="0" height="0"> ( Companies Mentioned: CLCH:TSX, ) CLCH:TSX Thu, 28 May 2026 00:00:00 PST Newfoundland Gold Discovery Keeps Growing With 91.1 g/t Hit and Expanding High-Grade Zones https://www.streetwisereports.com/article/2026/05/27/newfoundland-gold-discovery-keeps-growing-with-91-1-g-t-hit-and-expanding-high-grade-zones.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/newfoundland-gold-discovery-keeps-growing-with-91-1-g-t-hit-and-expanding-high-grade-zones.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> Pirate Gold Corp. (YARR.TSX.V) reported additional high-grade drill results from multiple zones at its Treasure Island Project, including 21.4 g/t gold over 2.20 meters and continued expansion of the Rib Vein and Regional Discovery zones.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:87290297-af6a-40eb-8b25-2daf840c5691-0" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:87290297-af6a-40eb-8b25-2daf840c5691-0" data-turn-id-container="request-WEB:87290297-af6a-40eb-8b25-2daf840c5691-0" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="3fc3ad7b-d60a-4a15-be19-8cd20f1d5ed6" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Pirate Gold Corp. (YARR.TSX.V) announced <a href="https://www.pirategold.ca/news/pirate-gold-expands-moosehead-discovery-with-214gt-au-over-220m" target="_blank" rel="noopener">expansionary drill results from the Moosehead Zone at its Treasure Island Project in Central Newfoundland, where the company reported new high-grade gold intercepts from the Rib Vein Structure, the Regional Discovery Zone, and the Moosehead Eastern and Western Trends.</a> The Treasure Island Project covers more than 90 kilometers of strike along the Valentine Lake Fault Zone. The company stated that expansionary drilling at the Rib Vein discovery has now tested the structure along 150 meters of strike length and 90 meters of vertical depth. The Rib Vein Structure was first announced on April 13, 2026, when hole PGC-26-028 returned 65.1 g/t Au (Gold) over 3.25 meters. Pirate Gold reported that the vein has since been tested with sixteen holes and returned additional high-grade intervals, including 6.97 g/t Au over 5.35 meters, including 69.1 g/t Au over 0.45 meters in hole PGC-26-033, 6.65 g/t Au over 2.95 meters, including 29.4 g/t Au over 0.45 meters in hole PGC-26-034, and 21.0 g/t Au over 1.0 meter in hole PGC-26-040. At the Regional Discovery Zone, located 500 meters southwest of the Moosehead main zones, the company said follow-up drilling expanded the mineralized footprint to 200 meters of strike length and vertical depths of 80 meters. Pirate Gold reported that hole PGC-26-041 returned 3.36 g/t Au over 3.60 meters, including 5.74 g/t Au over 1.60 meters, while hole PGC-26-049 returned 0.74 g/t Au over 15.80 meters, including 1.27 g/t Au over 7.00 meters. The company previously announced on February 27, 2026, that hole PGC-25-006 intersected six mineralized intervals above 1 g/t Au within a 75-meter corridor, including 1.14 g/t Au over 8.10 meters. Pirate Gold also reported continued expansion of mineralization at the Moosehead Western Trend. Hole PGC-26-051A intersected 21.4 g/t Au over 2.20 meters, including 91.1 g/t Au over 0.50 meters, at a vertical depth of 140 meters. The company stated that follow-up drilling is ongoing to further expand the zone at depth. <a href="https://www.pirategold.ca/news/pirate-gold-expands-moosehead-discovery-with-214gt-au-over-220m" target="_blank" rel="noopener">Greg Matheson, VP Exploration, stated in the company news release, </a>"We continue to add mineralization at a persistent pace across new discoveries at Moosehead. The Rib Vein has now grown to a scale and consistency of grade that warrants further exploration for additional linkages between the Eastern and Western trend faults." Matheson added, "The regional zone southwest of Moosehead continues to demonstrate the scale potential to contribute to the broader mineralized footprint and is now delivering high grades, while deeper drilling at the Western Trend confirms the fault network can continue to host high-grade mineralization at depth." The company also announced that Episode 11 of Pirate Gold Treasure Hunters is now airing and features drilling activity and exploration work across the Moosehead Zone. <h2 style="text-align: center;" data-section-id="j34sgc" data-start="0" data-end="71">Inflation and Commodity Trends Continued Supporting Interest in Gold</h2> <a href="https://vongreyerz.gold/haycock-piepenburg-three-big-warnings-one-golden-solution?utm_campaign=163139794-2025%20-%20Newsletters&utm_medium=email&_hsenc=p2ANqtz-9WvCPNq5gXjWs8F_D5y0wivOezYy07uexK6HOUFmFG-tIrTqYpMgDXILwjq6GY9d_1UxIL6JoBycryTmbP1xJNT_O-eJXgxC41pDG2K92XjfTyJtw&_hsmi=136520583&utm_content=136520583&utm_source=hs_email" target="_blank" rel="noopener">During the May 23 edition of Gold Matters hosted by Jonny Haycock, </a>participants discussed inflation, bond yields, commodities, and hard assets. Kirrol Sakalof stated, "We're going to have big inflation and bond yields are going to rise significantly. As a result, capital will migrate from the US$300 trillion in fixed income securities and other debt around the world into hard assets, which is the best place to preserve value." Matt stated during the discussion that "currency debasement is a massive tailwind for secular rising gold," while adding that gold's rise reflected "the tanking trust in broke nations and their failing monetary systems." He also stated that "the bond, the stock, and the hard asset commodity markets are screaming signals of inflation." <a href="https://www.reuters.com/world/india/gold-rises-weaker-dollar-investor-weigh-us-iran-peace-deal-prospects-2026-05-25/" target="_blank" rel="noopener">Reuters reported on May 24 that spot gold increased 1.2% to US$4,561.51 per ounce,</a> while U.S. gold futures for June delivery rose 0.9% to US$4,563.60. According to Reuters, expectations surrounding a possible peace agreement involving Iran contributed to declines in oil prices and the U.S. dollar, which supported gold prices. "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception," UBS analyst Giovanni Staunovo said in the Reuters report. Staunovo also stated that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve." Reuters reported that gold prices had declined about 14% since the Iran conflict began in late February, as higher energy prices increased inflation concerns and expectations for higher U.S. interest rates. The report stated that traders were pricing in a 40% probability of a 25-basis-point U.S. Federal Reserve rate increase in December. <a href="https://www.cnbc.com/2026/05/25/gold-rises-as-dollar-oil-ease-on-us-iran-deal-prospects.html" target="_blank" rel="noopener">The following day, Reuters reported that spot gold rose 1.1% to US$4,559.07 per ounce while U.S. gold futures gained 0.8% to US$4,559.80. </a>Reuters stated that optimism tied to possible U.S.-Iran negotiations weakened the U.S. dollar and pressured oil prices lower, easing inflation expectations. "Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz," Tim Waterer, chief market analyst at KCM Trade, said in the Reuters report. Waterer added that the development had "weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective." Reuters also reported that the U.S. dollar traded near one-week lows during the session, making dollar-denominated bullion less expensive for holders of other currencies. The report stated that oil prices fell to two-week lows. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a16d181-66b4-83ea-9949-9ef2c8449878-2" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a16d181-66b4-83ea-9949-9ef2c8449878-2" data-turn-id-container="request-6a16d181-66b4-83ea-9949-9ef2c8449878-2" data-testid="conversation-turn-20" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="9009b618-386b-43e1-828c-76d4bf62d754" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_052626.html" target="_blank" rel="noopener">According to Stewart Thomson in his May 26 newsletter</a>, gold continued to consolidate following a longer-term advance against fiat currencies, while inflation concerns, elevated debt levels, and broader market conditions remained key themes for precious metals investors. Thomson stated that gold should be viewed as a currency rather than a speculative asset and noted that investor focus should remain on accumulating physical gold over time. He also referenced subdued sentiment in gold and mining equities, stating that periods when the BPGDM sentiment index trades below 50 have historically aligned with larger buying opportunities. Thomson further noted that technical indicators on the GDX chart showed positive divergence and wrote that "the lull could be the calm before the rally time storm!" </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="1u1nqm9" data-start="0" data-end="57">High-Grade Results Draw Positive Reaction From Analyst</h2> According to Bob Moriarty of 321gold.com on April 15, several companies have recently reported strong drill results, including Pirate Gold Corp. Moriarty highlighted the company's reported intercept of 65.1 g/t gold, noting that the result exceeded 211 grams-meters. He described the intercept as "a home run hole." "Those are wonderful numbers," Moriarty told Streetwise Reports. "Two-ounce gold is pretty rare, much less over a nice mining width." [OWNERSHIP_CHART-11576] <h2 style="text-align: center;" data-section-id="c11t9t" data-start="2871" data-end="2910">Exploration and Development Activity</h2> <a href="https://cdn.prod.website-files.com/6920283785aa8babbd183c55/69de671f1cf334e0f7209eb4_aba32f2de93e0bf49875123d5841f42c_Pirate%20Gold%20Corporate%20Presentation%20Q1%20%284%29.pdf" target="_blank" rel="noopener">According to the company's Q1 2026 corporate presentation,</a> Pirate Gold's Treasure Island Project now covers 92 kilometers along the Valentine Lake Fault Zone and includes more than 78,600 hectares of mineral rights. The company stated that Moosehead is an advanced, high-grade gold zone with more than 650 drill holes completed to date. The corporate presentation stated that the company is conducting a fully funded 50,000-meter drilling program throughout 2026 at Moosehead and Crippleback. At Moosehead, Pirate Gold stated that additional drilling is targeting expansion of known mineralized zones along strike and at depth, as well as more than a dozen geophysically identified structures with similar orientation to the Moosehead main structure. The company also stated that previous drilling at the 511 Zone and Stony Lake Zone identified broad areas of gold mineralization. At Crippleback, the company stated that newly identified orogenic secondary fault structures crosscutting the intrusive suite have shown to be gold-bearing, while a large alteration zone identified during 2024 drilling was associated with copper, gold, and molybdenum mineralization. Pirate Gold also stated that the Crippleback area covers more than 35 kilometers of strike length along a similar geological setting to the Valentine Lake Mine. The company's Q1 2026 presentation also outlined several milestones completed between September 2025 and May 2026, including the launch of a 50,000-meter drill program, expansion of claims along the Valentine Lake Fault Zone, commencement of drilling at Crippleback, and the completion of airborne magnetic and electromagnetic programs. Pirate Gold also reported that a US$26 million financing led by Eric Sprott closed with full over-allotment. <h2 style="text-align: center;">Ownership & Share Information1</h2> Pirate Gold Corp. has a market cap of CA$108.93 million, with 506.63 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.39. Institutions own 1% of shares, while Strategic Investors own 25%. Management & Insiders own 8% of shares, and the remaining 66% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </section> </div> </div>Important Disclosures:<ol> <li> James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31284"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31284" width="0" height="0"> ( Companies Mentioned: YARR.TSX.V, ) Wed, 27 May 2026 00:00:00 PST Mining Co. Lands High-Value Quebec Gold Partnership https://www.streetwisereports.com/article/2026/05/27/mining-co-lands-high-value-qubec-gold-partnership.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/mining-co-lands-high-value-qubec-gold-partnership.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) secures a binding gold and silver dor agreement with Ocean Partners, unlocking up to CA$9M for Montauban production.<a href="https://www.streetwisereports.com/pub/co/2969?utm_medium=feed" target="_blank" rel="noopener">ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)</a> announced on May 26, 2026, that it has entered into <a href="https://www.stockwatch.com/News/Item/Z-C!ESAU-3824364/C/ESAU" target="_blank" rel="noopener">a definitive gold and silver doré purchase agreement</a> with Ocean Partners UK Ltd — a renowned metals trading, technical advisory, and mine financing group serving the international mining and smelting industries. Highlights of the agreement include: <ul> <li>Definitive and binding gold and silver doré purchase agreement executed with Ocean Partners, a leading global metals trading and mining finance group.</li> <li>Ocean Partners to purchase 100% of doré production from the Montauban Project's tailings and crown pillar material.</li> <li>The Agreement provides ESGold with access to a working capital facility of up to C$9 million, available in two tranches: a first tranche of C$3 million and a second tranche of C$6 million, subject to satisfaction of applicable conditions precedent.</li> <li>ESGold retains strategic flexibility regarding timing and use of the Facility.</li> <li>Agreement further strengthens and de-risks ESGold's transition toward anticipated production.</li> </ul> The agreement establishes Ocean Partners as the producer of gold and silver doré produced from ESGold's Montauban project in Québec, providing ESGold a working capital of C$9 million in an initial tranche of CA$3 million and a secondary tranche of CA$6 million. The press release said, "Each drawn tranche is subject to a 1% arrangement fee and bears interest at three-month Term SOFR plus 7.00% per annum until repaid, with overdue amounts bearing interest at three-month Term SOFR plus 11.00% per annum. Principal and interest are repayable through deliveries of doré to Ocean Partners, by cash repayment, or a combination of both, with early repayment permitted subject to a 1% repayment fee." Ocean Partners will purchase 100% of the gold and silver doré produced from ESGold's Montauban Project derived from tailings and potential crown pillar material, with minimum delivery commitments totaling 50,000 ounces of gold and 1,000,000 ounces of silver. Pricing under the Agreement is based on prevailing LBMA or COMEX market prices, with Ocean Partners paying for 99.8% of contained gold and 99% of contained silver, subject to standard refining charges of US$0.80 per payable ounce of gold and US$0.50 per payable ounce of silver. Gordon Robb, ESGold's CEO, said in the release: "The agreement with Ocean Partners marks another major milestone in ESGold's evolution from development company to near-term producer. Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations. Securing a definitive agreement with a group of this caliber significantly strengthens our production strategy and validates the progress our team has made behind the scenes. What is particularly exciting is the stage we are now entering as a company. While we continue advancing mill construction and infrastructure toward production, we are simultaneously conducting modern exploration and geological investigation at Montauban. We are systematically and methodically advancing both sides of the production and exploration story of ESGold at the same time." ESGold Corp. is a pre-production mining company focused on metals exploration across North and South America, with its flagship Montauban project located in Canada. <h2 style="text-align: center;">Gold Stays Steady Despite War</h2> As of the morning of May 26, <a href="https://economictimes.indiatimes.com/news/international/us/why-is-gold-price-down-today-check-latest-gold-rate-projections-for-june/articleshow/131329235.cms?from=mdr" target="_blank" rel="noopener">gold prices had fallen 0.7% to US$4,547.10 per ounce</a>, though gold futures for June remained unchanged at US$4.536.80. American strikes on Iranian territory are partially responsible for the slight decline of this safe-haven asset, pushing Brent crude oil prices higher and spiking inflation worries over U.S. interest rates. An end to the Iran-U.S. conflict would be welcome news for investors who have been watching the market bounce up and down for the first few months of 2026, but the market seems resilient. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Announcement "Significantly Strengthens" Company, Experts Say</h2> On May 26, 2026, <a href="https://mcusercontent.com/4bc421505c66d079778a0d0be/files/23d5f8f8-790c-354e-dbf9-1cae5b224785/20260526_Atrium_ESAU_Ocean_Partners.pdf" target="_blank" rel="noopener">Riley Venton and Ben Pirie of Atrium Research reiterated their "Buy" rating</a> and target price of CA$1.30 for ESGold. The pair referenced the agreement announcement, writing, "We view the Ocean Partners agreement as a positive step for ESGold as it moves toward first production at Montauban. The agreement secures a buyer for all gold and silver doré, while the optional working capital facility provides added nondilutive flexibility through construction, commissioning, and the initial production ramp-up." On the same day, <a href="https://thegoldadvisor.com/silver-advisor/newsletters/esgold-vizsla-silver/" target="_blank" rel="noopener">Peter Krauth and Ted Butler of The Gold Advisor weighed in</a>, arguing that ". . . the agreement significantly strengthens the company’s financial and operational position while construction, exploration, and development activities continue advancing in parallel at the Montauban Project." The pair went on to write: "With this purchase agreement, infrastructure advancing, drilling on the horizon, and geological understanding continuing to improve, the company is positioning itself for both exciting near-term production catalysts and significant long-term exploration potential across the broader Montauban Project." [OWNERSHIP_CHART-2969] <h2 style="text-align: center;">Next Steps Underway</h2> In <a href="https://www.stockwatch.com/News/Item/Z-C!ESAU-3824364/C/ESAU" target="_blank" rel="noopener">the release</a>, Robb spoke of the company's future plans, saying, "With the expanded ANT survey underway, drilling preparations advancing, production equipment continuing to arrive on site, and a comprehensive district-scale geological model continuing to evolve." The release listed the next steps as follows: <ul> <li>Field collection for the expanded 70 km² district-scale ambient noise tomography (ANT) survey has now been completed, with geophone pods removed and data analysis and interpretation now underway as part of the company's evolving 3D geological model.</li> <li>The company is anticipating receipt of drill permits in the near term, with systematic crown pillar definition drilling and targeted step out drilling expected to commence shortly thereafter to evaluate extensions of mineralization at depth and along strike. Any potential extraction of crown pillar material remains subject to technical evaluation, permitting, engineering review, and, where applicable, additional drilling and economic assessment.</li> <li>Deliveries of key mill circuit components and supporting infrastructure equipment are ongoing at the Montauban Project site.</li> <li>ESGold is integrating the expanded ANT dataset with historical drilling, prior ANT interpretations, and historical SOQUEM data to refine its district-scale geological model and guide future drilling and exploration targeting.</li> </ul> ESGold's <a href="https://esgold.com/wp-content/uploads/2026/03/ESGold-Corporate-Presentation-March-2026.pdf" target="_blank" rel="noopener">investor presentation</a> lists construction and commissioning updates and processing throughput results as near-term focuses. The company expects first gold production to take place in 2026, with step-out diamond drilling expected in the first half of the year. ESGold has exploration and expansion updates planned into 2027. The company's Montuban project is fully permitted and funded, and the mill building has been completed, setting up the company for near-term cash flow. <h2 style="text-align: center;">Ownership & Share Information1</h2> ESGold Corp. has a market cap of CA$69 million, with 91.44 million shares outstanding. The company's 52-week range is CA$0.19-CA$1.44. Institutions own 5% of shares, while Management & Insiders own 60%. The remaining 35% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> Important Disclosures:<ol> <li>ESGold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31282"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31282" width="0" height="0"> ( Companies Mentioned: ESAU:CSE;ESAUF:OTCQB; Z7D:FSE, ) ESAU:CSE;ESAUF:OTCQB; Z7D:FSE Wed, 27 May 2026 00:00:00 PST Gold Co.'s Shareholders Approve Spin Out of Courageous Lake in Northwest Territories https://www.streetwisereports.com/article/2026/05/27/gold-co-s-shareholders-approve-spin-out-of-courageous-lake-in-northwest-territories.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/gold-co-s-shareholders-approve-spin-out-of-courageous-lake-in-northwest-territories.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announces that shareholders have approved spin out of the Courageous Lake Project. Find out why it may be a good time to invest in gold and gold companies.<a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT)</a> announced that shareholders have approved the spin out of the Courageous Lake Project in Northwest Territories as a new entity called Valor Gold Corp., <a href="https://www.seabridgegold.com/press-release/seabridge-gold-reports-on-results-of-special-meeting-of-shareholders" target="_blank" rel="noopener">according to a May 22 release</a>. 99.76% of the shares voted at the meeting were in favor of the transaction. Shareholders approved all proposed matters, including the special resolution for an arrangement under Section 192 of the Canada Business Corporations Act (CBCA) with Valor Gold, the release noted. This arrangement will see Seabridge transferring its entire interest in the Courageous Lake gold project in Northwest Territories, Canada, to Valor, which is expected to become a publicly listed company on the Toronto Stock Exchange (TSX). Seabridge shareholders are set to receive 100% of Valor's common shares distributed via a plan of arrangement under the CBCA, equating to approximately one Valor share for every 1.957 Seabridge shares held. The arrangement, detailed in Seabridge’s management information circular dated March 30, is contingent on approval from the British Columbia Supreme Court, with a hearing scheduled for May 27, the company said. If approved, the arrangement is expected to finalize on or about June 3. Shareholders gave overwhelming approval to both resolutions put before them. The first — a special resolution approving a plan of arrangement under which Seabridge and its shareholders will exchange into shares of Valor Gold Corp. — passed with 62,677,638 votes in favor (99.76%) against just 151,730 opposed (0.24%). As a special resolution, this required a two-thirds supermajority, and the result clears that threshold by a wide margin. The second item, an ordinary resolution approving Valor's proposed restricted share unit (RSU) and deferred share unit (DSU) plan also passed comfortably with 62,317,300 votes for (99.18%) and 512,069 against (0.82%). <h2 style="text-align: center;">What's Next</h2> Post-arrangement, Seabridge shares will be suspended from trading on the TSX and New York Stock Exchange at the close of trading on June 4, with new shares listed the following day. Valor shares are also anticipated to begin trading on the TSX on June 5, with its listing on the OTCQB Venture Market in the U.S. to be announced separately. For the exchange of shares, non-registered shareholders will have their shares automatically processed through CDS or DTC, while registered shareholders must actively exchange their old Seabridge shares for new ones and Valor shares using a letter of transmittal provided by Computershare Investor Services Inc., the depositary under the arrangement, the company said. This process involves submitting the old share certificates, a completed letter of transmittal, and any other required documents to receive the new shares. The arrangement details and procedures for shareholders are further outlined in the company’s management information circular and on Seabridge’s profile on <a href="https://www.sedarplus.ca/home/" target="_blank" rel="noopener">SEDAR+</a>. Seabridge Gold has been actively pursuing its corporate goals for 2026, which include securing a partner for its expansive KSM project after updating its mineral resources, <a href="https://www.streetwisereports.com/article/2026/05/14/co-with-breakthrough-bc-gold-project-reports-to-shareholders.html?utm_medium=feed" target="_blank" rel="noopener">a May 13 release noted</a>. In its shareholder report, Seabridge highlighted ongoing progress with its preferred partner for the KSM project, stating, "We continue to make material progress on a partnership at KSM with our preferred partner who is now participating with our technical team to advance the feasibility program and early works construction planning while we formalize our partnership agreement." A significant development for Seabridge is the <a href="https://www.streetwisereports.com/article/2026/05/01/bc-names-massive-ksm-gold-project-as-a-province-priority.html?utm_medium=feed" target="_blank" rel="noopener">designation of the KSM Project as a provincial priority project by the Province of British Columbia</a>. This status will provide dedicated provincial permitting coordination and support, which is expected to streamline and expedite the permitting process. The KSM Project, one of the largest undeveloped copper and gold projects globally, holds substantial reserves including 7.3 billion pounds of copper and 47.3 million ounces (Moz) of gold across 2.29 billion tonnes. <h2 style="text-align: center;">'The Long Game of Large-Scale Gold'</h2> <a href="https://www.streetwisereports.com/article/2026/04/29/how-do-analysts-see-this-gold-developer-with-a-major-golden-triangle-asset.html?utm_medium=feed" target="_blank" rel="noopener">A Simply Wall St. piece reviewed by Sasha Jovanovic on May 7 noted</a> that "to own Seabridge Gold, you need to believe in the long game of large-scale gold and copper discoveries eventually translating into real project development." "The key near term catalysts have been progress at KSM and Iskut, including the new Snip North resource and metallurgical work, alongside critical permitting steps for infrastructure like the Mitchell Treaty Tunnels," the report noted. "The Courageous Lake spin out into Valor Gold fits into this story by simplifying Seabridge into a more focused portfolio while giving shareholders separate exposure to a single project. It may not change the company's most important short-term catalysts, but it could subtly shift the risk mix toward permitting, financing and execution at KSM and Iskut." Mike Kozak from Cantor Fitzgerald reviewed Seabridge's strategic move to spin off Courageous Lake into Valor Gold on April 27. Seabridge has committed to financially supporting Valor Gold by investing CA$10 million. This investment includes purchasing 0.7 million shares of Valor at CA$7.29 each for CA$5.1 million and acquiring a 10% gold stream at a fixed price of US$4,000 per ounce for an additional CA$4.9 million. Kozak views this spinout positively for Seabridge, estimating Valor Gold's market capitalization at about CA$400 million based on the indicative financing price of CA$7.29 per share. He believes this strategy will "likely deliver immediate value to Seabridge shareholders," estimating a contribution of about CA$2.75 per Seabridge share from the Courageous Lake project, which had been overshadowed by Seabridge’s larger KSM project in British Columbia. Kozak continues to recommend buying Seabridge stock with a target price of CA$66 per share, suggesting a potential 119% return. He commended the strategic decision to spin out the Courageous Lake project, highlighting its expected positive impact on shareholder value. According to the updated 2024 Pre-Feasibility Study (PFS), the project is now envisioned as a smaller, less capital-intensive operation with an annual gold output of 201,000 ounces and an All-In Sustaining Cost (AISC) of US$999 per ounce over a 13-year lifespan. The revised plan includes a 7,500 tons per day processing plant with an initial capital cost of US$747 million. The project's economics forecast a post-tax Net Present Value (NPV) at a 5% discount rate of US$523 million and an Internal Rate of Return (IRR) of 21% at a gold price of US$1,850 per ounce. Furthermore, RBC Capital Markets, through Analyst Josh Wolfson, has rated the stock as Outperform with a price target of US$71 per share, and B. Riley Securities Analyst Nick Giles has given Seabridge a Buy rating with a target of CA$65, forecasting a 44% return at the time of his analysis. <h2 style="text-align: center;">The Catalyst: Gold Dip Could Be Big Opportunity</h2> In early U.S. trading on Wednesday, spot gold and silver prices experienced significant declines, influenced by a combination of lower oil prices, stronger global equities, and diminished demand for safe-haven assets, despite some support from decreased Treasury yields, according to <a href="https://www.kitco.com/news/article/2026-05-27/metals-drop-iran-deal-hopes-cut-oil-haven-bid-kitco-am-report" target="_blank" rel="noopener">according to a report by Kitco NewsWire on May 27</a>. At the time of reporting, spot gold had fallen by 1.35% to approximately US$4,446.70 an ounce, and spot silver had dropped 3.16% to around US$74.545. Thursday is expected to feature key economic data releases including April's personal income and spending, durable goods orders, the second estimate of first-quarter GDP, and new home sales data. Geopolitically, the Strait of Hormuz continues to play a critical role in influencing energy prices, inflation expectations, and the precious metals market, Kitco said. Despite recent military tensions, including U.S. strikes on Iranian boats and Iran's retaliatory actions against U.S. aircraft, the markets are currently more responsive to the optimism surrounding ongoing U.S.-Iran negotiations. These talks are anticipated to potentially lead to a peace agreement and the reopening of the strait, the article noted. This has contributed to a decrease in oil prices, with Brent crude trading near US$95 and WTI close to US$92, significantly below the highs of last week. This reduction in oil prices has eased inflation concerns and contributed to lower yield pressures. For gold, the prospect of a peaceful resolution and the reopening of the Strait of Hormuz are exerting a dual influence. While the reduced need for safe-haven assets negatively impacts gold prices, the lower oil prices and reduced rate pressures provide some support, Kitco said. [OWNERSHIP_CHART-700] Gold prices have been on a consistent upward trajectory for so long that even seasoned investors might have overlooked a significant recent drop, <a href="https://www.cbsnews.com/news/price-of-gold-down-19-percent-january-advantages-of-investing/" target="_blank" rel="noopener">wrote Matt Richardson for CBS News MoneyWatch on May 26</a>. The price per ounce has fallen nearly 20% from its January high, a decrease of about US$1,000 from earlier in 2026, the article said. Several factors have contributed to this decline, presenting a potentially fleeting opportunity for investors to purchase gold at a more accessible price point. It's crucial for both new investors and those looking to increase their holdings to seize this opportunity while it lasts, he said. "While multiple factors have contributed to that decline, the reality is that this opportunity to get invested at a more affordable price may not last very long," Richardson said. "So, it's important that investors who have yet to get started with the metal, as well as those who want to boost their holdings, take advantage while they still can." <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders hold approximately 2% of the company, while institutions own about 60%. The remainder is held by retail investors. Friedberg Mercantile Group Ltd. holds 15.08%, Pan Atlantic Bank and Trust holds 9.92%, Kopernik Global Investors L.L.C. holds 6.81%. and Van Eck Associates Corp. holds 6.07%. There are around 107.62 million shares outstanding, with the company having a market cap of CA$4.68 billion and trading within a 52-week range of CA$16.50 to CA$54.29. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Seabridge Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31280"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31280" width="0" height="0"> ( Companies Mentioned: SEA:TSX; SA:NYSE.MKT, ) SEA:TSX; SA:NYSE.MKT Wed, 27 May 2026 00:00:00 PST Explorer Drills Best-Ever Hole at High-Grade Nevada Gold Project https://www.streetwisereports.com/article/2026/05/26/explorer-drills-best-ever-hole-at-high-grade-nevada-gold-project.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/explorer-drills-best-ever-hole-at-high-grade-nevada-gold-project.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) reveals new assay results, highlighting the "best ever drill hole into the Hercules Gold Project" in Nevada's Walker Lane. Read why one expert thinks the company potentially undervalued.<a href="https://www.streetwisereports.com/pub/co/209?utm_medium=feed" target="_blank" rel="noopener">StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB)</a> announced new assay results from its Spring 2026 drilling campaign, including what the company described as the "best ever drill hole into the Hercules Gold Project" in Nevada's Walker Lane, <a href="https://strikepointgold.com/strikepoint-drills-best-hole-to-date-at-hercules-gold-project-h26004-cuts-114-30m-grading-0-69-g-t-au-and-5-03-g-t-ag-including-9-14-m-of-2-95-g-t-au-with-16-18-g-t-ag-new-broad-zone-of-oxide-gold/" target="_blank" rel="noopener">according to a May 26 release</a>. These results are part of an effort to gather enough data for a maiden resource estimate (MRE) expected by the fourth quarter of 2026. The highlight of this batch is the record-setting drill hole H26004, which produced the project's highest grade-width results to date, with 114.30 meters grading 0.69 grams per tonne gold (g/t Au) and 5.03 g/t Ag (silver) starting from 135.64 meters downhole. The mineralization in this hole was primarily oxide with some remaining sulfides, indicating the potential for developing Hercules into an open pit heap leach mine, a common type in Nevada, the company noted. "We are very pleased with the drilling to date, including the best hole delivered in the history of the project," StrikePoint President and Chief Executive Officer Michael G. Allen said. "H26004 intersected mineralization at a grade above the upper bound of our Hercules Exploration Target." He continued, "The hole ended in mineralization and the zone remains open to the south. Based on drilling since StrikePoint took control of Hercules, we have outlined a broad, near-surface oxide gold zone at the south end of the Cliffs target, the kind of widths and grades that could potentially support the open-pit, heap-leach scenario contemplated for the project." According to the release, Hole H26004 also yielded broader intercepts of 9.14 meters at 2.95 g/t gold and 16.18 g/t silver; 7.62 meters at 1.02 g/t gold and 6.76 g/t silver; and another 9.14 meters at 1.23 g/t gold and 6.62 g/t silver. This hole is positioned to the west of Hole H260014, which itself intersected 60.96 meters of 0.21 g/t gold and 2.8 g/t silver, targeting the same mineralization lobe previously encountered in Hole H25005. The strategic placement of these three holes at the southern end of the Cliffs showing confirms that the mineralization is notably open to the south. However, drilling of H26004 was halted earlier than planned due to challenging drilling conditions, with the final sample from the hole showing 0.41 g/t gold and 6.4 g/t silver. <h2 style="text-align: center;">Expanding With New Como District</h2> StrikePoint Gold Inc. recently completed a drilling program consisting of 29 holes, spanning a total of 3,918 meters. The primary goal of this initiative was to collect sufficient data to support the creation of a maiden resource estimate, anticipated by the end of the fourth quarter of 2026. <a href="https://www.streetwisereports.com/article/2026/02/27/gold-explorer-launches-maiden-resource-program-in-nevada.html?utm_medium=feed" target="_blank" rel="noopener">The company had previously announced this drilling campaign earlier in the year</a>, following its acquisition of the Hercules project in August 2024 for CA$250,000. "At the launch of this drill program, we have the confidence of a strong, predictive geological model of controls on mineralization. With a relatively modest drill program we will have the data to complete our maiden resource estimate," said Allen at the outset of the drilling. He also highlighted the strategic growth of the project area, stating, "In addition, we've also recently consolidated the southern portion of the property, giving us control over the past producing Como District, allowing for further expansion of our exploration efforts among several promising high-priority targets." Following this phase, StrikePoint intends to update its drilling permits to encompass the newly incorporated Como District. This expansion involved the acquisition of 51 unpatented claims in the Como District, a region known for its historical production. Analysis of historical surface sampling in this district has shown high concentrations of gold and silver, with gold reaching up to 166.62 g/t and silver up to 109.72 g/t. Out of 623 historical surface samples collected from the Como District and the surrounding areas now under StrikePoint’s management, 93 samples revealed gold grades over 1 g/t, StrikePoint has said. <h2 style="text-align: center;">Analyst: The Market Hasn't Caught On</h2> 1John Newell of John Newell and Associates has identified StrikePoint Gold Inc. as a potentially undervalued entity within the gold exploration landscape of Nevada's Walker Lane. His analysis, <a href="https://www.streetwisereports.com/article/2025/08/11/a-forgotten-gold-project-reawakens-in-the-shadow-of-giants.html?utm_medium=feed" target="_blank" rel="noopener">featured in an August 11 article by Streetwise Reports</a>, highlights the company's strategic acquisition of the Hercules project for a price significantly lower than its previous sale price of US$25 million. Newell pointed out that the project, which is fully permitted for exploratory drilling, presents a substantial oxide gold system that StrikePoint is now advancing towards an MRE. Despite these promising developments, Newell observes that the market has not yet fully appreciated StrikePoint's value. "And the market hasn't caught on," he commented, hinting at future recognition with the word "Yet." He describes StrikePoint as having "a rare combination: deep-value optionality, a fully permitted oxide gold asset in one of the world's best mining jurisdictions, a proven technical and capital markets team, and a meaningful exploration target on a district-scale land package." Additionally, Newell praised the company's streamlined share structure and its active drilling operations, suggesting that these elements, along with anticipated forthcoming announcements, could catalyze a turnaround in the company's market standing. <h2 style="text-align: center;">The Catalyst: Gold Shows Minimal Response to Economic Headwinds</h2> The gold market is finding it difficult to gain new bullish momentum amid declining U.S. consumer confidence, which is being affected by rising inflation and increasing risks of a recession, <a href="https://www.kitco.com/news/article/2026-05-26/gold-prices-testing-support-4500-us-consumer-confidence-falls-slight-931" target="_blank" rel="noopener">according to Neils Christensen of Kitco News on May 26</a>. The Consumer Confidence Index fell slightly to 93.1 in May from 93.8 in April, as reported by the Conference Board on Tuesday. This decline was less severe than expected, with economists having predicted a drop to 91.9. Dana M. Peterson, chief economist at The Conference Board, commented on the situation, stating, "Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified. Consumer appraisals of current business conditions and the current labor market were moderately less positive compared to last month. This was somewhat offset by modest improvements in consumers' expectations for business conditions and the labor market six months from now. Meanwhile, income expectations eased in May, as those anticipating lower income rose." Despite these economic indicators, the gold market showed minimal response, with spot gold trading at US$4,509.10 an ounce, reflecting a decline of more than 1% on the day. The ongoing conflict in the Middle East continues to push oil prices higher, contributing to new inflation concerns that are influencing gold prices. Despite the prevailing economic challenges, Jeffrey Roach, chief economist at LPL Financial, told Christensen he remains optimistic about the potential for economic recovery by year-end, supported by a relatively stable labor market. "Given the current pricing pressures, we would have expected a more dramatic decline in confidence. However, consumers feel the employment situation will improve by the end of the year. Hence, discretionary spending on items such as travel should increase after the temporary hold on spending," he explained. Roach said he anticipates a temporary dip in GDP growth due to cautious consumer behavior but expects a rebound later in the year if geopolitical tensions ease. Since the onset of the joint U.S. and Israeli military operations in Iran in late February, gold prices have been influenced by geopolitical tensions. However, according to UBS analysts, the focus is shifting towards broader economic concerns, <a href="https://www.investing.com/news/commodities-news/heres-how-ubs-sees-recentlyslumping-gold-prices-evolving-in-the-medium-term-4708935" target="_blank" rel="noopener">noted Scott Kanowsky for Investing.com on May 26</a>. A significant rise in oil prices has heightened fears of energy-driven inflation, prompting expectations that central banks, including the Federal Reserve and the European Central Bank, might increase interest rates again, the analysts said. As interest rates rise, non-yielding assets like gold typically underperform because they do not produce interest. Additionally, government bond yields have seen a recent increase. Since bond yields and prices move inversely, this surge suggests a decrease in bond prices. UBS analysts Dominic Schnider and Wayne Gordon noted, "Against this backdrop, the inverse relationship between U.S. real yields and gold has reasserted itself over recent months." [OWNERSHIP_CHART-209] They pointed out that the correlation between rate-sensitive two-year Treasury yields and gold is currently negative, indicating that these assets are moving in opposite directions — a shift from earlier in 2026 when the correlation was slightly positive. The UBS analysts further explained, "In our view, markets are rediscovering the concept of opportunity cost, with gold’s non-yielding characteristics once again becoming a more important consideration as real rates remain elevated." They observed that earlier in the year, gold was increasingly seen as a hedge against liquidity and fiscal issues, but now investors are shifting their focus back to money market instruments. This shift underscores a renewed emphasis on the opportunity costs associated with holding gold in a higher interest rate environment. <h2 style="text-align: center;">Ownership and Share Structure2</h2> Executive Chairman Shawn Khunkhun holds 0.19% of the company, President and CEO Allen holds 0.98%, Director Ian Richard Harris holds 0.04%, and Director Adrian Wallace Fleming holds 0.01%. Just over 1% is held by insiders and management, and Mining financier Eric Sprott owns about 5% through his company, 2176423 Ontario Ltd. The company has 62.39 million shares in circulation and a market capitalization of CA$10.59 million. It trades within a 52-week range of CA$0.08 to CA$0.34. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>StrikePoint Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of StrikePoint Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the John Newell article published on August 11, 2025 <ol> <li>For the quoted article (published on August 11, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31279"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31279" width="0" height="0"> ( Companies Mentioned: SKP:TSX.V; STKXF:OTCQB, ) SKP:TSX.V; STKXF:OTCQB Wed, 27 May 2026 00:00:00 PST US$2.9 Billion Federal Loan Approved for America's Only Antimony Reserve https://www.streetwisereports.com/article/2026/05/27/us-2-9-billion-federal-loan-approved-for-americas-only-antimony-reserve.html Source: <a href="https://www.streetwisereports.com/article/2026/05/27/us-2-9-billion-federal-loan-approved-for-americas-only-antimony-reserve.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) said the Export-Import Bank of the United States approved a US$2.9 billion loan package to support development of the Stibnite Gold Project in Idaho.<a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a> announced <a href="https://www.investors.perpetuaresources.com/investors/news/export-import-bank-of-the-united-states-approves-loan-for-development-of-perpetua-resources-stibnite-gold-project" target="_blank" rel="noopener">that the Export-Import Bank of the United States unanimously approved a US$2.9 billion senior secured long-term loan under the Make More in America initiative to support development of the company's Stibnite Gold Project in Idaho</a>. According to the company, the approval followed technical, financial, environmental, and social due diligence, along with a 25-day notice period to Congress. The company stated that the Stibnite Gold Project is the only identified domestic reserve of antimony and that the financing supports EXIM priorities related to industrial manufacturing supply chains, domestic jobs, and critical mineral independence. "It is time to make more in America, and today marks not only a key milestone for Perpetua Resources, but a significant step in mineral security for our country," <a href="https://www.investors.perpetuaresources.com/investors/news/export-import-bank-of-the-united-states-approves-loan-for-development-of-perpetua-resources-stibnite-gold-project" target="_blank" rel="noopener">said Jon Cherry, president and chief executive officer of Perpetua Resources. </a>"The US$2.9 billion loan positions us to bring the Stibnite gold project to life and signals a new day in American mineral independence and responsible mining." The company stated that the financing package, together with Perpetua's cash on hand, is expected to fully finance the direct construction of the project based on current capital cost estimates contained in the company's technical report summary dated Dec. 31, 2025. The loan is expected to be structured as a 13-year senior secured credit facility consisting of an upfront facility of US$2.4 billion, with the remaining amount allocated toward capitalized interest during construction and EXIM's exposure fee. Scheduled repayments are anticipated to begin in 2030. Perpetua stated that the increase in the principal amount compared with the initial EXIM board review was primarily related to the addition of an option to move certain planned equipment financing from a third-party financing company into the EXIM loan. Interest on the loan is expected to be set at the applicable long-dated U.S. Treasury bond rate plus 100 basis points and fixed at the time of the first drawdown. The company stated that the loan will become available upon completion of definitive documentation and satisfaction of customary conditions precedent, which it expects to occur in the second half of 2026. According to the company, the Stibnite Gold Project is designed to redevelop and restore the abandoned Stibnite mining district while producing gold and antimony. Perpetua stated that the project would provide environmental cleanup of the historical site, establish a domestic source of antimony for commercial and defense manufacturing, and create an average of more than 700 direct jobs annually over the life of the mine. "Idaho's abundant critical and rare earth minerals are essential to reducing U.S. dependence on foreign suppliers," said U.S. Senator for Idaho James Risch. "This investment will help expand our domestic critical mineral supply, create high-quality jobs in rural America, and strengthen our national security." "This investment strengthens America's economic and national security by advancing a reliable domestic supply of critical minerals essential to our manufacturing and defence industries," said U.S. Senator for Idaho Mike Crapo. "There is no better place to deploy U.S. EXIM's US$2.9 billion investment than right here in the heart of Idaho," said Idaho Governor Brad Little. "The Stibnite gold project is exactly the kind of project America needs." Perpetua stated that the project has been identified as a transparency project under the FAST-41 program and has received support and partnership from the Department of War. The company also noted that the project has undergone scientific and public review processes. <h2 style="text-align: center;" data-start="3535" data-end="3840">Gold and Antimony Markets Draw Attention Amid Supply Concerns</h2> Gold prices moved higher in late May as easing oil prices and a weaker U.S. dollar influenced inflation expectations and interest rate sentiment. <a href="https://www.reuters.com/world/india/gold-rises-weaker-dollar-investor-weigh-us-iran-peace-deal-prospects-2026-05-25/" target="_blank" rel="noopener">According to a May 24 Reuters report by Noel John, spot gold rose 1.2% to US$4,561.51 an ounce while U.S. gold futures for June delivery gained 0.9% to US$4,563.60.</a> Reuters wrote that hopes surrounding a potential peace agreement involving Iran contributed to lower oil prices and a softer dollar, which supported gold prices. "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception," UBS analyst Giovanni Staunovo said in the Reuters report. Staunovo added that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve." The Reuters report also stated that gold had declined approximately 14% since the Iran conflict began in late February, as higher energy prices contributed to inflation concerns and expectations for elevated U.S. interest rates. The report noted that traders were pricing in a 40% chance of a 25-basis-point U.S. Federal Reserve rate increase in December. <a href="https://www.cnbc.com/2026/05/25/gold-rises-as-dollar-oil-ease-on-us-iran-deal-prospects.html" target="_blank" rel="noopener">The following day, Reuters reported that spot gold rose 1.1% to US$4,559.07 per ounce while U.S. gold futures gained 0.8% to US$4,559.80. </a>According to the report, market optimism tied to possible U.S.-Iran negotiations weakened the dollar and pressured oil prices lower, which eased inflation expectations. "Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz," Tim Waterer, chief market analyst at KCM Trade, said in the Reuters report. Waterer stated that the prospect had "weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective." The Reuters report also noted that the U.S. dollar traded near one-week lows, making bullion priced in dollars more affordable for holders of other currencies. Oil prices reached two-week lows during the session, according to the report. Interest in antimony and gold projects also remained tied to U.S. critical minerals policy and domestic supply concerns. <a href="https://www.marketscreener.com/news/the-crushed-pile-in-nevada-how-a-forgotten-1989-gold-heap-is-becoming-one-of-americaa-s-few-near-t-ce7f5adddb89f723" target="_blank" rel="noopener">A May 25 commentary published through Globe Newswire stated that "There are no operating primary antimony mines in the United States. None."</a> The commentary also noted that China had implemented antimony export restrictions to the United States before partially suspending those measures in November 2025, with the suspension scheduled to expire on Nov. 27. The commentary stated that the U.S. Department of War had been "writing checks under the Defense Production Act to anyone who can credibly show they can produce military-grade antimony from American rock." It also described renewed attention on historical brownfield mining sites containing antimony and gold mineralization in Nevada. <h2 style="text-align: center;" data-start="0" data-end="66">Third-Party Observations Track EXIM Developments and Antimony Exposure</h2> In a May 12 equity research update, Ihle reiterated the earlier "Buy" rating and a "US$41.00" price target. Ihle wrote that "EXIM's board has placed Perpetua's proposed roughly US$2.7B senior secured loan on the agenda for its May 21, 2026, meeting." He added that "a favorable outcome should unlock a roughly US$2.2B direct loan that fully covers the capital laid out in the updated technical report when combined with Perpetua's cash and cash equivalents." Ihle stated that the company's board had "approved a budget of roughly US$328.0M for 1H26, consisting of US$224.0M for detailed engineering, design work, and procuring equipment and US$76.0M for field operations." He also wrote that "management expects to spend US$20.0M for permit compliance and various other costs." According to the May 12 report, Ihle wrote that "the loan should eventually happen regardless ... based on the necessity for a domestic antimony supply chain from Stibnite." He also stated that "we view this milestone as the largest catalyst over the intermediate term." The H.C. Wainwright report stated that "Our valuation for PPTA remains based on a DCF analysis of Perpetua's operations as we maintain a 10.0% discount rate on Stibnite." Ihle wrote that "Our overall DCF analysis yields a combined valuation of US$4.66B, or US$35.52 per share." The report further stated that "We ultimately calculate a value of US$5.37B, or US$40.88 per share, which provides our rounded PT of US$41." Separately, Brian Hicks wrote in an April 27 contributed opinion piece for Wealth Daily that "Perpetua is mining antimony in Idaho. Idaho has quickly become one of the hottest mineral mining districts on the planet." Hicks also described Perpetua Resources as "one of the most explosive rallies ever seen in the stock market." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-6a14b9e7-bd88-83ea-a595-85c78265e237-0" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-6a14b9e7-bd88-83ea-a595-85c78265e237-0" data-turn-id-container="request-6a14b9e7-bd88-83ea-a595-85c78265e237-0" data-testid="conversation-turn-22" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="ec89aedd-d8da-48bb-889d-9ee8b601e54a" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> In a May 22 research flash from National Bank Financial Markets, analyst Rabi Nizami maintained an "Outperform" rating and a "CA$55.00" target price on Perpetua Resources Corp. Nizami wrote that "the Board of the Export-Import Bank of the United States (EXIM) has unanimously approved a US$2.9 billion senior secured long-term loan (US$2.4 billion upfront facility + capacity for capitalized interest) to finance the construction of the Stibnite Gold project in Idaho." Nizami stated that "Approval of the EXIM Loan is a positive derisking milestone" and wrote that the approved facility, "together with US$670 mln cash on hand, sets up for fully funded capex and a final construction decision later this year." The report also stated that the company had "assembled a capable in-house mine-building team and partnership with Hatch to advance construction through the four-year build." According to the National Bank Financial Markets report, "The Stibnite project is now fully funded against the YE2025 project capex estimate of US$2.58 bln, given the available capital of ~US$3.1 bln." Nizami also wrote that the financing structure included "a 13-year senior secured credit facility of US$2.9 billion, consisting of an upfront facility of US$2.4 billion with the remainder ~US$500 million to cover capitalized interest during construction and EXIM's exposure fee." The report stated that the proposed loan principal of "US$2.4 bln (US$2.9 bln capacity, including capitalized interest and fees)" exceeded the prior board proposal of "US$2.2 bln with US$2.7 bln capacity." Nizami added that "The next step for the project is a full construction decision, which is expected to follow the completion of final EXIM loan documents in H2/26 and resolution of remaining ancillary permits." National Bank Financial Markets maintained an "Outperform" rating and stated that the target price was based on "a 1.0x NAVPS multiple." On May 22, Cantor Fitzgerald analyst Mike Kozak reiterated a "Buy" rating and a "US$37/CA$49" target price on Perpetua Resources Corp. Kozak wrote that "the Export-Import Bank of the United States (EXIM) approved a US$2.9 BB senior secured long-term loan (credit facility) that will fully fund the development of PPTA's 100%-owned past-producing Stibnite open-pit gold-antimony mine (Idaho)." Kozak stated that the financing package was "approved under the Make More in America Initiative (MMIA)" and described the approval as "the single most important de-risking event in PPTA's history." He wrote that the process followed "years of Federal and State permitting, extensive due diligence work (environmental, social, technical, financial, etc.) and a 25-day notice period with U.S. Congress." According to the Cantor Fitzgerald report, the financing package "was upsized from US$2.7 BB previously" and consisted of "an upfront US$2.4 BB facility with the US$0.5 BB remainder to cover capitalized interest during the construction phase." Kozak added that "The Stibnite mine is permitted, currently in early-stage construction, and with the US$2.9 BB EXIM loan now approved, fully funded as well." Cantor Fitzgerald maintained its "Buy" rating and "US$37/CA$49/share price target." BMO Capital Markets wrote in a May 22 report that the Export-Import Bank of the United States had "unanimously approved a US$2.9Bn senior secured long-term loan under the Make More in America Initiative to support the development of Perpetua's Stibnite Gold Project." The report maintained an "Outperform" rating and a "CA$47.00" target price on Perpetua Resources. Analyst Brian Quast stated that "early works have begun, and we anticipate an FID in H2/26, in line with disclosures within the Q1/26 financials." The report also noted that "the loan will be available upon completion of definitive documentation and satisfaction of customary conditions precedent, which is expected to occur in H2/26." According to the BMO Capital Markets report, the financing package would be structured as "a 13-year senior secured credit facility of US$2.9Bn, consisting of an upfront facility of US$2.4Bn (previously US$2.2Bn) with the remainder to cover capitalized interest during construction and EXIM's exposure fee." Quast also wrote that "Scheduled repayments are anticipated to commence in 2030, which is in line with our previous assumptions." The report stated that "the EXIM financing package, combined with Perpetua's cash on hand, is expected to fully fund the direct construction of the Stibnite Gold Project." Quast added that "construction is fully financed with this EXIM loan, even with our conservative Capex estimates." BMO Capital Markets stated that its "CA$47.00 target price is based on a 100% weighting assigned to a 1.7x P/NPV multiple." The report also noted that "With permitting and financing in sight on a gold-antimony asset, we believe there is significant runway towards a higher valuation as PPTA optimizes, constructs, and operates the Stibnite Project in Idaho." [OWNERSHIP_CHART-10820] The report further stated that "Key catalysts for PPTA will largely relate to the development of the Stibnite project. Drilling results could also drive the stock price higher." </div> </div> </div> </div> </div> </div> </section> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div> <h2 style="text-align: center;" data-start="3842" data-end="3890">Project Development and Financing Milestones</h2> <a href="https://perpetuaresources.com/wp-content/uploads/Perpetua-Resources_Investor-Presentation_May-2026_FINAL.pdf" target="_blank" rel="noopener">Perpetua's May 2026 investor presentation outlined several project milestones and operational developments related to the Stibnite Gold Project. </a>The presentation stated that the company completed basic engineering work and a power contract in February 2025, followed by designation as a White House Priority Project in April 2025. The company stated that it received a preliminary project letter and an indicative term sheet from EXIM in September 2025 and also announced a request-for-proposals related to antimony offtake opportunities that same month. According to the presentation, Perpetua completed US$317 million in strategic equity investments and private placements involving Agnico Eagle and JPMorganChase, along with an additional US$527 million net equity financing between June and December 2025. The company also announced a partnership with Idaho National Laboratory on an antimony pilot plant in December 2025 and filed an updated technical report summary in March 2026. The investor presentation stated that the company received a final Record of Decision in January 2025 and a final federal permit in May 2025. Perpetua also stated that it posted construction-phase financial assurance and began early works construction in October 2025. In December 2025, the company selected Hatch as the EPCM contractor for the project. According to the presentation, Perpetua expects ongoing exploration activities related to gold and critical minerals during 2026, along with antimony offtake activities, a final investment decision, and closing of EXIM debt financing during 2026. The company's presentation also listed commercial operations targeted for 2029. <h2 style="text-align: center;">Ownership and Share Structure1</h2> The company has 124.86 million shares issued and outstanding. On an undiluted basis, Paulson & Co. owns 25.91%, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) owns 6.41%, and JPMorganChase holds 2.23%. About 45.73% is owned by institutions. The rest is held by retail. Its market cap is CA$5.2 billion. Its 52-week range is CA$13.85–CA$51.10 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Perpetua Resources Corp is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Perpetua Resources Corp. and Agnico Eagle Mines Ltd.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31267"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31267" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) PPTA:TSX; PPTA:NASDAQ Wed, 27 May 2026 00:00:00 PST What Is an MRE, and How Can Its Outcome Shape the Future of a Junior Miner? https://www.streetwisereports.com/article/2026/05/22/what-is-an-mre-and-how-can-its-outcome-shape-the-future-of-a-junior-miner.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/what-is-an-mre-and-how-can-its-outcome-shape-the-future-of-a-junior-miner.html?utm_medium=feed">Streetwise Reports 05/27/2026</a> What is an MRE? In the junior mining world, the acronym denotes an important step in a company's journey from an idea to a mine. One company hopes its upcoming upcoming MRE will turn into a second look at its stock.If you follow and invest in junior miners, many terms and acronyms are thrown around quite often, but few are as important to these budding companies as a maiden Mineral Resource Estimate, or MRE. These companies are often valued based on their geological potential rather than their current cash flows. A compliant maiden MRE serves as a crucial, independent verification suggesting that a discovery has the potential to eventually sustain a mining operation. "For exploration companies with little or no revenue, the market is often valuing geological potential rather than cash flow," <a href="https://miningir.com/resource-estimates-the-milestone-that-can-transform-a-junior-mining-company/" target="_blank" rel="noopener">noted Jamie Hyland in a piece for Mining IR on May 9</a>. "A compliant mineral resource estimate (MRE) is frequently the first independent confirmation that a discovery may eventually support a mine." But what exactly is an MRE? "Put simply a mineral resource estimate is an evaluation of a deposit's quantity, quality and economic potential," <a href="https://miningexplained.com/the-mineral-resource-estimate/" target="_blank" rel="noopener">according to Mining Explained on June 10, 2024</a>. "It is a regulated report prepared according to enforced standards laid out by the relevant securities regulator." The report continued, "And since no one wants the lawyers getting involved this means that a mineral resource estimate put out by a junior mining company tends to be something that investors can put some faith in. It tells the investor what has been found, the evaluation methodology and provides some clarity as to the potential value of the project. Properly preparing a resource estimate involves a lot of work and requires numerous areas of expertise." <h2 style="text-align: center;">Ensuring Transparency and Reliability</h2> MREs are crucial in the mining industry, primarily to ensure transparency and reliability in reporting mining-related information. This necessity became particularly apparent following the <a href="https://www.jdsupra.com/legalnews/the-bre-x-mining-scandal-part-1-a-7147074/" target="_blank" rel="noopener">infamous Bre-X scandal</a> in the 1990s. Bre-X Minerals Ltd., a part of the junior mining sector, falsely claimed to have discovered a substantial gold deposit in Indonesia, leading to a massive market frenzy. The deception, which involved tampered samples and fabricated data, eventually came to light, resulting in significant financial losses for investors and a dramatic narrative that included tragic events such as the death of a geologist. This scandal underscored the potential for fraud within the mining industry and led to significant regulatory changes, noted Mining Explained. In response to the Bre-X debacle, the Canadian Government instituted the "National Instrument 43-101" to regulate the disclosure of mining-related information. This regulation aims to prevent the dissemination of misleading, erroneous, or fraudulent data about mineral properties to investors on stock exchanges regulated by the Canadian Securities Administrators. The introduction of this regulation has helped position Canada as a leader in resource exploration, providing investors with confidence in the integrity of the Canadian mining sector and its regulatory framework, the article said. "The unique nature of each deposit will require subtle differences in its evaluation," Mining Explained noted. "A banded iron formation in Brazil is not going to have all the same challenges and considerations as a narrow vein gold deposit in Alaska." "Also, since unbiased results are essential, the MRE is not prepared by the exploration company itself but contracted out to consultants specializing in resource evaluation," the site continued. "When you see reference to the 'Qualified Person' listed on a resource estimate, that is who is certifying that they are suitably experienced in their area of expertise to take responsibility for the preparing and reviewing the resource estimate." <h2 style="text-align: center;">What Does the MRE Mean?</h2> <a href="https://www.ecofinagency.com/news-industry/2501-52246-learn-with-us-understanding-mineral-resource-estimates-in-five-steps" target="_blank" rel="noopener">According to report called "Learn with us: Understanding mineral resource estimates in five steps" published on Ecofin Agency on January 25</a>, the estimate "does not assess the economic viability of a project or its ability to enter production. It only reflects what is considered to be present in the ground, with varying levels of confidence depending on the density and quality of available data. This leads to a classification into three resource categories." In the classification of mineral resources, there are three distinct levels that reflect varying degrees of geological confidence, according to the report. "Inferred" resources are categorized as having the lowest level of confidence. This classification is used when geological indications and samples are present but are not sufficient to confirm the continuity of the mineral deposit and its grades, leading to a high degree of uncertainty. Moving up the scale, "Indicated" resources are based on more comprehensive data, which allows for the continuity of the deposit to be reasonably assumed. At the top of the confidence spectrum are "Measured" resources, which represent the highest level of certainty. This category is supported by detailed and reliable data that confirm both the geological and grade continuity of the mineral deposit. "The first estimate released by a mining company is known as a 'maiden resource,'" the article noted. "It represents a key milestone in a project's development, as it provides the first quantified view of the deposit or deposits. At this stage, data are usually limited, and resources are often classified in the lower confidence categories." However, "As the project advances through its life cycle, subsequent estimates refine or expand the initial assessment. Additional drilling and data collection help improve confidence levels and better define the scale and quality of the resource." <h2 style="text-align: center;">Interpreting the Results</h2> The significance of changes within these categories varies, as each represents a different level of geological confidence and data precision. Additionally, the quality of the ore is just as crucial as its quantity. For instance, two projects might report identical total volumes of resources, yet one could contain higher-grade ore compared to the other, which may have more diluted ore. Therefore, an increase in the volume of an estimate accompanied by a decrease in ore grade does not carry the same value as an improvement in both volume and grade. Another essential factor to consider in resource estimates is the "cut-off grade," which determines what portion of the mineralized material is economically viable to extract, the Ecofin article said. This threshold is set by the company and acts as a benchmark to distinguish between ore and waste. Material above this cut-off grade is included in the resource estimate, while material below is excluded as it is considered too low-grade for profitable extraction. Adjusting this cut-off grade can significantly impact the reported size of the resource, with stricter thresholds potentially reducing the size of the resource, and more lenient ones increasing it. For many juniors, maiden MREs are their first graduations in the process to becoming a mine or being acquired by a major with the means to take it to production. "The project then moves toward economic studies designed to quantify future operations," Ecofin said. "These studies assess required investment, expected production levels, potential revenues, and key constraints, including environmental impacts." <h2 style="text-align: center;">Some Recent 'Graduations'</h2> Snowline Gold Corp.'s (SGD:TSX.V; SNWGF:OTCQB) flagship Valley deposit on the Rogue Project in Yukon is <a href="https://finance.yahoo.com/news/snowline-gold-reflects-significant-progress-110000583.html" target="_blank" rel="noopener">probably the most striking recent example</a> of a junior making hay after releasing its first MRE. The company released its initial NI 43-101 MRE on June 17, 2024 — 4.05 million ounces gold (Moz Au) Indicated at 1.66 grams per tonne (g/t) and an additional 3.26 Moz Au Inferred at 1.25 g/t — just two and a half years after the initial drill discovery. <a href="https://www.accessnewswire.com/newsroom/en/metals-and-mining/snowline-gold-reflects-on-significant-progress-through-2024-and-looks-ahead-to-202-961918" target="_blank" rel="noopener">The maiden MRE triggered a major re-rating:</a> formal analyst coverage was initiated by four independent industry analysts, bringing total coverage to 10 analysts including four major banks at the time, alongside wider institutional ownership with several cornerstone funds taking large positions. An updated MRE in May 2025 then boosted Measured and Indicated ounces by 96% to 7.94 Moz, and analysts kept raising targets — <a href="https://www.cnbc.com/quotes/SGD-CA" target="_blank" rel="noopener">CIBC lifted its price target</a> to CA$27 from CA$22 in February 2026, with the stock <a href="https://www.theglobeandmail.com/investing/markets/markets-news/ACCESS%20Newswire/36360888/snowline-announces-graduation-to-the-toronto-stock-exchange/" target="_blank" rel="noopener">graduating from the TSXV to the main TSX board</a>. <a href="https://www.miningnewsnorth.com/story/2026/05/08/northern-neighbors/snowline-launches-largest-season-ever/9663.html" target="_blank" rel="noopener">According to a May 6 report by A.J. Roan for North of 60 Mining News</a>, Snowline has just commenced its most extensive field season yet at Rogue. The 2026 field program is set to progress the Valley deposit towards prefeasibility, initiate early permitting engagement, and continue exploration across the district. The Rogue project, spanning 111,000 hectares, is situated in the Selwyn Basin near the Yukon's eastern border with the Northwest Territories, within the Tombstone Gold Belt. This region is known for hosting significant reduced intrusion-related gold systems (RIRGS), including notable deposits like Eagle in Yukon and Fort Knox and Donlin in Alaska. Building on the economic groundwork of its resource estimates, Snowline initiated a fully funded prefeasibility study (PFS) in December, moving the Valley project further into the development stage. This study encompasses engineering, environmental, and geoscience programs, alongside ongoing exploration efforts. The PFS is expected to be completed by early 2027, Roan reported. Sitka Gold Corp.'s (SIG:TSXV; SITKF:OTCQB; 1RF:FSE) RC Gold Project in Yukon's Tombstone Gold Belt has been a <a href="https://www.stocktitan.net/news/SITKF/sitka-provides-review-of-2025-highlights-and-major-advancements-at-gdmk5bh0qrow.html" target="_blank" rel="noopener">multi-year resource-growth story</a>. The company announced a maiden MRE of 1.34 million inferred ounces of gold for the Blackjack and Eiger deposits in January 2023, then in early 2026 layered on another maiden estimate for the new Rhosgobel deposit. Sitka's RC Gold Project now hosts 1.29 Moz indicated and 3.83 Moz inferred, driven by a 2.25-Moz maiden resource at Rhosgobel and an upgraded 535,000-ounce estimate at Eiger. The market response was dramatic — Sitka delivered a 169% share surge in 2025, and by mid-October 2025 the stock had surged +173% year-to-date, on the strength of the discovery momentum and the trajectory toward maiden/expanded resources. "Sitka is funded for a planned 60,000-meter drill program in 2026 focused on expanding all three deposits; by late April it had completed approximately 5,500 meters with visible gold reported in every initial hole," <a href="https://www.tradingview.com/news/prnewswire:7f3540c4b1e4d:0-the-yukon-s-capital-cycle-has-turned-and-this-18-project-junior-is-quietly-building-the-next-district-scale-story/" target="_blank" rel="noopener">noted Equity Insider News on Trading View May 7</a>. "Notably, the Rhosgobel deposit also hosts coarse scheelite — a tungsten-bearing mineral — adding a critical-metals dimension to the asset." After Sitka released the updated MRE, "The gold resource itself is unchanged, but the release formalizes tungsten and silver within the Rhosgobel resource model and provides another datapoint supporting the view that tungsten could become a meaningful by-product value enhancer," wrote Paradigm Capital Analyst Lauren McConnell in a May 14 update. "At ~US$62/oz, the stock remains well below the Yukon peer median (~US$117/oz) and average (~US$147/oz), and we view today’s results as another incremental derisking step that should support a continued rerating as assays and additional metallurgy are delivered through the summer," wrote McConnell, who has reiterated her Speculative Buy rating on the stock with a CA$1.70 per share target price. "Shares have been performing well as of late, +30% on a one-month basis versus the broader explorer peers +3%; however, on a YTD basis, shares are +18% versus the Yukon peers +59%. We continue to see a significant catch-up opportunity." Emperor Metals Inc.'s (EMAUF:OTCQB; AUOZ:CSE; 9NH:FRA) Duquesne West Gold Project in Quebec's Abitibi belt is a clear <a href="https://www.stocktitan.net/news/EMAUF/emperor-metals-announces-maiden-mineral-resource-estimate-for-the-bwfiocdxwf35.html" target="_blank" rel="noopener">analyst-favorite re-rating story</a>. The company released its maiden MRE on July 9, 2025: 26.9 million tonnes at 1.69 g/t Au for 1.46 Moz inferred gold, more than doubling the historical resource of 727,000 ounces at a discovery cost of about US$7 per ounce. While the share price actually dipped briefly on announcement day (the maiden MRE came in entirely as Inferred and at a lower average grade than the historical estimate), analyst conviction has since strengthened materially: <a href="https://ca.investing.com/equities/emperor-metals" target="_blank" rel="noopener">Investing.com data</a> shows 1 analyst rating it Buy and an overall Strong Buy with +376% upside potential, and Rick Rule <a href="https://www.youtube.com/watch?v=uZx44ezk5M8" target="_blank" rel="noopener">featured the company</a> at his July 2025 conference, with the broader equity story benefitting through subsequent financings. "The continued presence of free gold and sulfide mineralization along the full strike length indicates a laterally extensive mineralizing system," Emperor Chief Executive Officer John Florek said. "The occurrence of visible gold, commonly associated with higher grade potential in bulk mining scenarios, enhances our outlook." The 2024 drilling program was extensive, comprising 8,166 meters of new drilling and the re-assaying of 8,000 meters of historical core, according to an updated research note from Ron Wortel for Couloir Capital on October 6, 2025. The effort has led to the completion of 100% of assays and the discovery of new zones, such as one measuring 43.9 meters at 0.74 g/t of gold. These findings have expanded the project's footprint at a low cost of approximately US$7 per ounce. "Our new estimated fair market value for the stock is CA$1 and we maintain our buy recommendation for the Company in this very positive gold price environment," the analyst said. This year's program adds 15,000 meters of new drilling plus roughly 8,000 meters of historical core resampling — about 23,000 meters of fresh geological insight feeding the model, <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/emperor-metals-westward-gold-dryden-gold-outcrop-silver/" target="_blank" rel="noopener">according to Jeff Clark and Jeff Valks writing for The Gold Advisor on April 27</a>. "More data almost always sharpens the edges of a growing system," the post noted. "Visible gold showed up along strike, down dip, and inside the conceptual pit corridor. That’s not random placement. It supports the idea that Duquesne West is behaving like a widening corridor rather than a fixed footprint — exactly what teams hope to see while testing expansion scenarios." Valks continued, "The Abitibi Greenstone Belt is fruitful land, and I’ve long wanted more exposure to its riches. As a result, I just bought more shares this morning and now hold an overweight position in this stock. Jeff Clark maintains an overweight position as well with no plans to sell." <h2 style="text-align: center;">Could This Upcoming MRE Help Make This Junior?</h2> Another company that has frequently <a href="https://goldinvest.de/en/golden-cariboo-completes-drilling-in-mineralized-zone-with-visible-gold" target="_blank" rel="noopener">found visible gold</a> at its Quesnelle Gold Quartz Mine Property in British Columbia and may soon be looking at its first Graduation Day is <a href="https://www.streetwisereports.com/pub/co/11131?utm_medium=feed" target="_blank" rel="noopener">Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE)</a>. <a href="https://goldencariboo.com/news/golden-cariboo-ni-43-101-mineral-resource-estimate-halo-main/" target="_blank" rel="noopener">The company recently announced plans to commission an independent maiden MRE</a> for the Halo and Main zones at Quesnelle, which is in B.C.'s historic Cariboo Gold District, using data from the company's initial 29 NQ-sized surface diamond drill holes, as well as up to nine historical drill holes located at and near the Main zone. Frank Callaghan, President of Golden Cariboo Resources, expressed at the time that the decision to initiate an independent resource estimate at this stage is a testament to the promising and consistent drilling results obtained so far. "From our very first holes, we have observed encouraging geological continuity and mineralization across both the Halo and Main zones. While this work remains at the exploration stage, the data density and repeatability we are seeing have provided management with sufficient confidence to move forward with a formal NI 43-101 resource estimation. We believe this represents an important milestone in systematically advancing the property." The process of preparing the MRE will be overseen by a Qualified Person as defined under NI 43-101, the company said. It will involve validating the drill database, conducting geological modeling, estimating grades, and classifying the mineral resources in accordance with the CIM Definition Standards. Notably, the company pointed out that undertaking a mineral resource estimate following an initial drill campaign is not typical in early-stage exploration. However, the consistency of the geological and assay results from both the Halo and Main zones has provided a solid basis for this independent technical assessment at this juncture. <a href="https://www.streetwisereports.com/article/2026/04/01/gold-co-hits-strongest-drill-result-yet-at-halo-zone-as-maiden-resource-estimate-signals-major-re-rating-potential.html?utm_medium=feed" target="_blank" rel="noopener">On March 27, Couloir Capital Analyst Ron Wortel reaffirmed his firm's BUY rating on Golden Cariboo</a>, setting a fair value estimate of CA$0.50 per share, indicating a potential 455% increase from the share price at the time the note was written, a projection supported by encouraging drilling results from the company's Halo zone and the commencement of the maiden MRE, he said. According to the analyst, the company recently release impressive drilling results, particularly from drill hole QGQ25-27, which encountered 0.89 g/t gold over 70.65 meters starting at a depth of 14.2 meters. This drilling further uncovered higher-grade subintervals, enriching the geological understanding of the Halo zone. Additional exploration, including drill hole QGQ25-28, reached approximately 755 meters depth, revealing significant geological features indicative of a potential extension of the mineral system.[OWNERSHIP_CHART-11131] "In a pivotal derisking milestone, the Company formally announced its intention to commission an independent NI 43-101-compliant Mineral Resource Estimate for the Halo and Main zones, Wortel wrote. "The MRE will incorporate data from 29 company drill holes and up to nine historically reported holes, an unusually early move for a junior at this early stage, signaling management's and the technical team's confidence in the geological database and indications of continuity in the mineralization. Moreover, the acquisition of 13 placer claim cells in the Halo zone for CA$60,000 is seen as a strategic enhancement to the project's potential and future development prospects, the analyst said. <a href="https://thedeepdive.ca/back-to-the-cariboo-gold-rush-history-meets-modern-discovery-golden-caribou/" target="_blank" rel="noopener">Jay Lutz of The Deep Dive commented on Golden Cariboo's active drilling endeavors in the Cariboo district</a>, noting the significant influence of Callaghan, who has come out of retirement to spearhead the exploration efforts. Lutz praised the promising early results under Callaghan's leadership and pointed out the company's relatively modest market capitalization compared to neighboring mining operations. He speculated on Golden Cariboo's potential to become a major influence in the future of this historically rich mining district, suggesting a promising outlook for growth and development in the area. Quesnelle spans approximately 94,899 hectares and is situated along the Spanish and Eureka thrust faults. This area is historically known for its substantial gold production, with over 101 placer gold creeks along a 90-kilometer trend that continues to be actively productive. The Quesnelle Quartz mine, discovered in 1865, is easily accessible by road. The geological characteristics of the gold mineralization at Quesnelle bear similarities to those found at the Spanish Mountain gold deposit, approximately 120 kilometers southeast. The Spanish Mountain deposit is identified as a sediment-hosted vein (SHV) deposit, a category that includes some of the world’s largest gold deposits, such as Muruntau in Uzbekistan and Bendigo in Australia. 1Insider Callaghan, the CEO, holds 7.31%. The rest is in retail. There are no institutional investors at this time. The Canadian explorer has 131.82 million outstanding shares and its market cap is CA$12.52 million. Its 52-week range is CA$0.04–CA$0.12 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Golden Cariboo Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Golden Cariboo Resources Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Cariboo Resources Ltd. and Snowline Gold Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31264"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31264" width="0" height="0"> ( Companies Mentioned: EMAUF:OTCQB; AUOZ:CSE;9NH:FRA, GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE, SIG:TSXV; SITKF:OTCQB; 1RF:FSE, SGD:TSX.V; SNWGF:OTCQB, ) GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE Wed, 27 May 2026 00:00:00 PST Canadian Mining Co. Secures Mexico Approval for Major Silver Acquisition https://www.streetwisereports.com/article/2026/05/26/canadian-mining-co-secures-mexico-approval-for-major-silver-acquisition.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/canadian-mining-co-secures-mexico-approval-for-major-silver-acquisition.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) received key approval for the Del Toro acquisition in Mexico, to add a future-producing silver asset to its portfolio.On May 22, 2026, <a href="https://www.streetwisereports.com/pub/co/10135?utm_medium=feed" target="_blank" rel="noopener">Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX)</a> announced <a href="https://www.newsfilecorp.com/release/298661" target="_blank" rel="noopener">approval for the acquisition of the Del Toro Silver Mine</a> in the Chalchihuites District in Mexico from Mexico's antitrust agency, the Comisión Federal de Competencia Económica (COFECE). Del Toro is a fully permitted, past-producing underground silver-gold-lead mine with an on-site process plant that operated between 2013 and 2019. It features three underground centers, with a total of over 62.5 kilometers of development in place. The site includes a functional process circuit: three mills with a total capacity of 3,000 tonnes per day, sulphide and oxide flotation circuits, as and a new dry stack tailings storage facility. In the press release, Sierra Madre's CEO, Alex Langer, said, "Receiving COFECE approval is a key regulatory milestone and a strong validation of our strategy of building a multi-asset producing silver and gold portfolio in Mexico. With this clearance, we are well-positioned to finalize the acquisition and move forward with our plans to advance exploration ahead of a possible planned restart of Del Toro." When the acquisition is finalized, Sierra Madre will also hold the La Guitarra mine, where double throughputs are expected by mid-2027 upon the completion of a two-stage expansion. The Del Toro mine is currently expected to restart in mid-2027, with first production anticipated by mid-2028. Sierra Madre Gold and Silver Ltd. is a metals development, extraction, and exploration company currently focused on the Guitarra mine in the Temascaltepec mining district in Mexico. <h2 style="text-align: center;">Metals Feeling War Pressure</h2> As of the morning of May 26, <a href="https://economictimes.indiatimes.com/news/international/us/why-is-gold-price-down-today-check-latest-gold-rate-projections-for-june/articleshow/131329235.cms?from=mdr" target="_blank" rel="noopener">gold prices had fallen 0.7% to US$4,547.10 per ounce</a>, though gold futures for June remained unchanged at US$4.536.80. <a href="https://www.kitco.com/charts/silver" target="_blank" rel="noopener">Silver prices were down 1.76%</a> at US$76.18. American strikes on Iranian territory are partially responsible for the slight decline of these safe-haven assets, pushing Brent crude oil prices higher and spiking inflation worries over U.S. interest rates. An end to the Iran-U.S. conflict would be welcome news for investors who have been watching the market bounce up and down for the first few months of 2026, but the market seems resilient. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Butler Updates Outlook on Sierra Madre</h2> In a May 19, 2026, article for <a href="https://thegoldadvisor.com/silver-advisor/newsletters/sierra-madre-3/" target="_blank" rel="noopener">The Gold Advisor, senior analyst Ted Butler</a> said, "Sierra Madre may as well be swinging a baseball bat, as it's knocked it out of the park with its Q1 2026 financial results." While some investors may be wary of the company's rising cash costs, Butler assuaged their fears. "Admittedly, cash costs also rose to US$42.55 per AgEq ounce produced, up from US$33.63 in Q4 2025, reflecting ramp-up costs at Coloso and Nazareno and broader inflationary pressures. However, management notes that improved head grades are expected through the remainder of 2026 as higher-grade in-resource material is processed, with unit costs expected to fall in turn," he wrote. "I have recently upgraded to an overweight position in Sierra Madre, grounded in my belief that management will meaningfully scale up silver production in the coming months. Peter continues to hold a full weighting in the stock," said Butler. <a href="https://thegoldadvisor.com/silver-advisor/newsletters/sierra-madre-4/" target="_blank" rel="noopener">Butler updated his statement</a> on May 25, 2026, saying, "Ultimately, COFECE approval transforms Del Toro from a pending acquisition into a near-certain one, adding a second — future cash flowing — silver asset to Sierra Madre's portfolio." [OWNERSHIP_CHART-10135] <h2 style="text-align: center;">An Expansion Underway</h2> The first phase of the company's La Guitarra capacity expansion project is on schedule to be completed by the end of Q2 2026. As per the press release, "As announced on <a href="https://api.newsfilecorp.com/redirect/RYrXySOnBp" target="_blank" rel="noopener">September 8, 2025</a>, the company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase the nameplate capacity of the mill from 500 tonnes per day ("tpd") to a range of 750-800 tpd. The second phase is anticipated to be completed by Q3 2027, with the aim of increasing the capacity to a range of 1,200-1,500 tpd at Guitarra." Langer said, "We are also looking forward to closing the Del Toro mine acquisition and preparing for exploration in the East District of the La Guitarra Mine Complex, with over 30,000 meters of drilling planned to start in H2 2026." <h2 style="text-align: center;">Ownership & Share Information1</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$440.73 million, with 196.75 million shares outstanding. The company's 52-week range is CA$0.58-CA$3.25. Institutions own 33.6% of shares, while Strategic Investors own 26.21%. Management & Founders own 24.3%, and the remaining 15.89% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> Important Disclosures:<ol> <li>Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sierra Madre Gold and Silver Ltd.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31277"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31277" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) SM:TSX.V; SMDRF:OTCQX Tue, 26 May 2026 00:00:00 PST Hidden Nevada Fault System Comes Into Focus Ahead of New Gold Drill Campaign https://www.streetwisereports.com/article/2026/05/26/hidden-nevada-fault-system-comes-into-focus-ahead-of-new-gold-drill-campaign.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/hidden-nevada-fault-system-comes-into-focus-ahead-of-new-gold-drill-campaign.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) reported new high-resolution seismic survey results at its Hot Springs Range Project in Nevada, identifying structural targets and refining drill planning at the Otis and Eden gold zones.<a href="https://www.streetwisereports.com/pub/co/11233?utm_medium=feed" target="_blank" rel="noopener">Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE)</a> announced <a href="https://eminentgoldcorp.com/news-media/news-releases/eminent-announces-positive-results-from-seismic-survey-at-hot-springs-range-project-nevada/" target="_blank" rel="noopener">the completion and interpretation of a Deep Refraction Microtremor (ReMi) seismic survey across the Otis and Eden targets at its 100%-owned Hot Springs Range Project in Humboldt County, Nevada.</a> The company stated that the seismic survey used tighter geophone spacing than traditional oil and gas seismic surveys to provide higher-resolution imaging of geologic structures concealed beneath post-mineral cover. Eminent said the new images are being used to refine its understanding of subsurface structures associated with Carlin-type gold systems ahead of its next drill program, which is scheduled to begin in the coming weeks. <a href="https://eminentgoldcorp.com/news-media/news-releases/eminent-announces-positive-results-from-seismic-survey-at-hot-springs-range-project-nevada/" target="_blank" rel="noopener">President and CEO Dan McCoy stated in the announcement</a>, "This study represents another key building block in our targeting work at HSRP." He added that the company was completing processing of a newly acquired magnetic dataset and planned to integrate geophysical data with geochemical results and drilling information to optimize its 2026 Hot Springs Range Project drill program. At the Otis target, the company said a calibration line was run over existing drill holes to match seismic velocities with rock types observed in drill core. The survey also imaged structural features including the Paradise Fault and supported the interpreted position of the Little Humboldt Fault. Eminent stated that a previously reported intercept of 9.2 meters grading 3.2 g/t gold, announced January 6, 2026, is interpreted to be spatially associated with the Little Humboldt Fault structure. The company stated that the seismic results will allow it to design additional drill holes to test the Little Humboldt Fault as well as initial drilling of the Paradise, Otis and Hinkey faults and their intersections. Eminent said the planned Phase II reverse circulation drill program will focus on defining each structure with multiple intercepts along strike and at various depths. At the Eden target, Eminent stated that six seismic lines provided high-resolution imaging of structures and stratigraphy beneath post-mineral cover. According to the company, the data identified fault zones coinciding with mapped surface traces, surface geochemistry indicative of hydrothermal sulfides at depth previously reported February 24, 2021, and gravity features reported September 22, 2025. The company stated that the seismic information is expected to support drill targeting and planning for Phase I drilling at Eden, where it identified a 3-kilometer gold-in-soil anomaly. Eminent said drilling at Eden is expected to begin immediately following drilling at Otis. Vice President of Exploration Justin Milliard stated in the announcement, "The seismic survey provides a much clearer view of the subsurface in areas where traditional mapping cannot reach." He added that the results at Otis support the company's geological model and identified new structures for drill testing, while the Eden survey improved understanding of fault architecture and target prioritization. The company stated that the ReMi® seismic survey was conducted by Terēan® and provides high-resolution subsurface shear-wave velocity imaging. Eminent said the method uses ambient and active seismic noise recorded along geophone arrays to generate Rayleigh-wave dispersion curves that are inverted into 1D and 2D shear-wave velocity models. <h2 style="text-align: center;" data-section-id="pxau61" data-start="0" data-end="74">Gold Prices, Inflation Concerns, and Hard Asset Demand Remained in Focus</h2> <a href="https://www.usatoday.com/story/money/personalfinance/2026/05/22/gold-price-on-may-22-2026/90212583007/" target="_blank" rel="noopener">USA TODAY reported on May 22 that spot gold prices stood at US$4,519.85 per ounce as of 12:05 p.m. ET</a>. The publication stated that gold prices had risen 36.02% over the previous 12 months from US$3,322.99 per ounce one year earlier. According to USA TODAY, gold traded within a 52-week range of US$3,261.49 to US$5,477.79 and remained 38.58% above its 52-week low. The publication stated that gold prices were influenced by "inflation expectations, central bank policy, global economic conditions and investor demand," while noting that currency strength, including the U.S. dollar, and physical and industrial demand also affected daily pricing. <a href="https://www.youtube.com/watch?v=xXQTZfamOY4" target="_blank" rel="noopener">According to the May 23 edition of Gold Matters hosted by Jonny Haycock, the discussion around gold and silver focused on inflation, debt markets, commodities, and global financial conditions</a>. During the discussion, Kirrol Sakalof was quoted as saying, "We're going to have big inflation and bond yields are going to rise significantly. As a result, capital will migrate from the US$300 trillion in fixed income securities and other debt around the world into hard assets, which is the best place to preserve value." Matt stated during the discussion that "currency debasement is a massive tailwind for secular rising gold," while adding that gold's rise reflected "the tanking trust in broke nations and their failing monetary systems." He also stated that "the bond, the stock, and the hard asset commodity markets are screaming signals of inflation." Haycock stated that "the correlation between the prices of commodities and CPI is incredibly tight," adding that "the commodities chart has gone vertical." He further stated that commodities markets were signaling "big inflation coming." The May 23 discussion also referenced historical market concentration and asset performance. Haycock stated that when stock market valuation metrics previously reached similar levels, "the two best assets to own for the next decade" were "gold and silver." Nick Giambruno of The International Man wrote on May 25 that he viewed the conflict involving Iran as "a major tailwind for gold." He stated, "No matter what happens, I am confident the Iran war will be a major tailwind for gold," while discussing geopolitical tensions and financial implications for hard assets. <h2 style="text-align: center;" data-section-id="vu19ys" data-start="3504" data-end="3544">Nevada Exploration and Drill Planning</h2> <a href="https://eminentgoldcorp.com/site/assets/files/6386/investor_presentation_may_4_2026_compressed.pdf" target="_blank" rel="noopener">According to the company's investor presentation</a>, Eminent holds a 100% interest in 521 claims totaling more than 4,311 hectares at the Hot Springs Range Project in Nevada. The presentation stated that the company completed the terms of a previous option agreement in April 2025, securing a 100% interest in the property. The investor presentation stated that the Hot Springs Range Project is located on the Getchell Trend in Nevada and described the project as a Carlin-style system. The materials also noted that Eminent holds three 100%-owned Nevada projects, including the Hot Springs Range Project, the Celts Project, and the Gilbert South Project. According to the investor presentation, the Celts Project consists of 110 unpatented claims totaling 1,070 hectares located 42 kilometers west of Tonopah in Nevada's Walker Lane trend. The presentation stated that an additional 200,000 common shares are to be issued when the company initiates a drill program at the project. The investor presentation also outlined work at the Gilbert South Project, which consists of 67 unpatented mining claims covering 560 hectares located 13 kilometers northeast of Goldfield, Nevada. The presentation described Gilbert South as permitted and drill-ready and identified three target areas named Pretty Boy, Big Horn, and East Bound. [OWNERSHIP_CHART-11233] According to the investor presentation, historical drilling at Gilbert South targeted near-surface oxide mineralization while deeper high-grade feeder structures remain untested. The presentation stated that the property contains multiple epithermal vein corridors with strike lengths ranging from 1.5 kilometers to 2.5 kilometers and reported historical rock chip values ranging from 7.4 g/t gold to 143 g/t gold across the property. <div class="z-0 flex min-h-[46px] justify-start"> <h2 style="text-align: center;">Ownership and Share Structure1</h2> 8.76% of Eminent Gold is held by management and insiders. Of them, Michael Kosowan holds the most with 6.5%. Strategic Entities hold 19.3% with Kinross Gold holding 13.8% and Milliard Geological Consulting owning 9.59%. The rest is retail. Eminent Gold has 82.26 million outstanding shares, 34.59 million free float shares, and a market capitalization of CA$48.5 million. Its 52-week range is CA$0.28 to CA$0.87. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div>Important Disclosures:<ol> <li>Eminent Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eminent Gold.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a><a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener"></a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31275"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31275" width="0" height="0"> ( Companies Mentioned: EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE, ) EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE Tue, 26 May 2026 00:00:00 PST Tungsten Miner Targets Massive High-Grade Discovery Near Historic Northwest Territories Mine https://www.streetwisereports.com/article/2026/05/26/tungsten-miner-targets-massive-high-grade-discovery-near-historic-northwest-territories-mine.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/tungsten-miner-targets-massive-high-grade-discovery-near-historic-northwest-territories-mine.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Rackla Metals Inc. (RAK:TSX.V) obtains an important permit for its Northwest Territories Lentung project. Find out why tungsten is such an important metal to the world right now.Rackla Metals Inc. (RAK:TSX.V) announced it has successfully secured a five-year Type A land-use permit from the Sahtu Land and Water Board for its Lentung project, paving the way for comprehensive exploration activities scheduled for the 2026 season, <a href="https://racklametals.com/rackla-receives-land-use-permit-for-the-2026-exploration-program-on-the-lentung-property/" target="_blank" rel="noopener">according to a May 21 release by the company</a>. The permit facilitates the establishment of a 49-person camp, a drill-based mineral exploration program, and the upkeep and utilization of existing trails and access routes at the site. Located in the Tombstone tungsten belt of the western Northwest Territories, approximately 60 kilometers north of the former Cantung tungsten mine, the Lentung project is now fully equipped and authorized for exploration. "We are grateful for the support and feedback we received throughout the permitting process from communities across the region, including the Dehcho First Nations and Sahtu Dene and Metis, to local organizations, regional regulators, and government," said Rackla Chief Executive Officer Simon Ridgway. "Since staking Lentung during the 2025 exploration season and acquiring the full historical database compiled by Union Carbide, we have been keen to return the drills to the property and revitalize this world-renowned belt with a new wave of tungsten exploration." He continued, "We view the Northwest Territories as a favorable jurisdiction, due to the clear and efficient permitting process that supports responsible mineral exploration, and we recognize the long-term economic opportunities exploration can bring to the region." Historically, the Lentung property, previously known as Lened, underwent extensive exploration by Union Carbide Exploration Corp. from 1977 to 1982. This exploration included 26,900 meters of diamond drilling, various geochemical and geophysical surveys, detailed geological mapping, trenching, and comprehensive metallurgical, engineering, economic, and environmental studies. In 1982, Union Carbide sought a mining permit through the Federal Environmental Assessment and Review Process (EARP) but retracted its application and ceased operations due to falling tungsten prices, as noted in a Rackla press release dated March 30, 2026. Since then, the site has seen no significant development. Rackla is a Canadian junior exploration company focused on mining rare earth, gold, and tungsten in the eastern Yukon and western Northwest Territories in Canada. <h2 style="text-align: center;">What's Next?</h2> For the upcoming 2026 season, Rackla said it plans an ambitious exploration program at Lentung. This includes setting up a new 49-person camp, conducting 4,000 meters of diamond drilling to twin 27 holes to verify and update the Union Carbide findings, and undertaking 6,000 meters of reverse circulation drilling to further delineate known tungsten occurrences. The drill cores from campaigns in the 70s and 80s remain on the property, allowing Rackla to quickly plan a recovery and resampling this summer. The company will also begin conducting archeological and environmental studies to supplement Union Carbide's historical studies. Additionally, the company intends to perform surface trenching to uncover shallow tungsten deposits, clear and repair 25 kilometers of existing roads and trails, and produce a National Instrument 43-101 resource calculation post-exploration. The field program is set to begin on May 26. The strategic proximity of the Lentung project to the historically significant Cantung mine, which operated intermittently until its closure in 2015, underscores the potential for revitalizing tungsten mining in this region amid favorable market conditions, the release noted. Rackla Metals said it is actively engaging with local communities and First Nations, including the Sahtu Dene First Nation and the Dehcho First Nations, to foster and maintain collaborative relationships. <h2 style="text-align: center;">Expert Expects Success For This Year's Exploration</h2> On March 31, 2026, Bob Moriarty from 321gold.com shared his insights with Streetwise Reports regarding the prospects of Rackla Metals. "While Rackla's 2025 couldn't determine the source of the widespread gold their surface exploration program discovered, they did raise CA$10 million while investors were hurling money at good juniors," Moriarty said. He continued, "Rackla has come up with a Plan B backup with a nearby tungsten property with known values. So, one way or another, I expect the 2026 program to be successful." <a href="https://mining.com.au/rackla-cashes-up-ahead-of-lentung-exploration/">According to a piece by Maddison Elliott for Mining.com.au on May 26</a>, <a href="https://racklametals.com/">Rackla Metals</a> "has raised CA$3.44 million in a non-brokered private placement to fund exploration at its portfolio of assets in the western Northwest Territories and Yukon." The piece continued, "Rackla says Lentung's supply of 'high-grade' tungsten could contribute to the re-establishment of tungsten mining in the region if Cantung restarts." <h2 style="text-align: center;">Metal Important to Many Industries</h2> <a href="https://www.marketplace.org/story/2026/05/21/why-is-tungsten-so-expensive-for-us-manufacturers" target="_blank" rel="noopener">According to a May 21 report by Justin Ho for Marketplace</a>, "Tungsten is a metal that's incredibly important to all kinds of industries — especially manufacturers that need to cut other kinds of metal. Most of the tungsten used in the U.S. comes from China, which controls roughly 80% of the world's supply." Trade tensions between the U.S. and China have significantly impacted the tungsten market, causing prices to skyrocket by 300% over the past year, as reported by the CRU Group, Ho wrote. The sharp increase in tungsten prices is attributed more to export controls than tariffs, highlighting the complexities of the global trade war and its effects on commodity markets. Tungsten's unique properties, particularly its high resistance to heat, make it invaluable in various industrial applications. Chris Blench, CEO of Mavericks Manufacturing Partners, emphasized the metal's critical role in manufacturing processes that involve high temperatures. "And so that makes it ideal for handling the temperatures required to melt other metals without it melting itself," Blench explained. He further noted that tungsten electrodes are essential in welding operations for the energy and defense sectors, stating, "All of our aircraft, missile systems, the nuclear power plants for submarines and aircraft carriers, they'll use a lot of this particular kind of a process, using tungsten." Tungsten prices have soared to unprecedented levels, driven by a combination of China's stringent export controls and a spike in military demand, which has significantly strained supplies, <a href="https://www.mining.com/web/tungsten-breaks-records-as-china-export-curbs-military-demand-boost-investment/" target="_blank" rel="noopener">a Reuters report published by Mining.com on April 29 noted</a>. Tungsten's exceptional properties, such as its ability to resist extreme heat and its hardness, make it indispensable in aerospace and defense applications, where components must endure high temperatures and severe conditions. The cost of ammonium paratungstate (APT), a key intermediate in tungsten production, has escalated sharply, reaching over US$3,000 per metric ton in Rotterdam, marking an increase of more than 200% since the beginning of the year. China, which holds a dominant position in the global tungsten market, has tightened its grip by implementing new export restrictions and reducing mining quotas in 2025. Furthermore, in December 2025, China announced that only 15 companies would be permitted to export tungsten during 2026–2027. [OWNERSHIP_CHART-5123] Outside of China, Almonty, a significant tungsten producer, initiated mining operations at its mine in South Korea in March, with plans for a Phase 2 expansion expected to be operational by 2027. Meanwhile, the United States, which currently lacks active commercial tungsten mines, is exploring several projects aimed at reducing reliance on Chinese tungsten, though no definite timeline has been set for these projects to begin production. According to Project Blue, the global tungsten market was estimated at about 129,000 metric tons in 2025. The defense sector, which currently accounts for approximately 12% of the market, is anticipated to expand its share to about 15% by 2027-2028 due to ongoing needs for stockpile replenishment. The automotive sector, which consumes 25%-30% of tungsten, remains the largest consumer for now. However, the rise of electric vehicles may reduce this demand. Cristina Belda, a senior analyst at Argus, noted that defense-sector demand is increasing by about 8% annually. If this trend continues, the defense sector could surpass the automotive industry as the primary consumer of tungsten by the mid-2030s. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Rackla Metals Inc. has a market cap of CA$24.93 million, with 166.45 million shares outstanding. The company has a 52-week range of CA$0.08-CA$1.00. Institutions hold 0.23% of shares, while Management & Insiders own 27.64%. The rest are in Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31274"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31274" width="0" height="0"> ( Companies Mentioned: RAK:TSX.V, ) Tue, 26 May 2026 00:00:00 PST Fintech Agent App Nears Launch and Two New Revenue Streams Target H2/2026 Activation https://www.streetwisereports.com/article/2026/05/26/fintech-agent-app-nears-launch-and-two-new-revenue-streams-target-h2-2026-activation.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/fintech-agent-app-nears-launch-and-two-new-revenue-streams-target-h2-2026-activation.html?utm_medium=feed">Greg McLeish 05/26/2026</a> The FUTR Corp.'s (FTRC:TSX; FTRCF:OTC; QA20:FSE) Agent App nears commercial launch ahead of two new revenue streams targeting H2/2026, as dealer signings hit a record high and platform monetization scales.On May 11, 2026, Greg McLeish, CFA of Research Capital Corporation reiterated a Speculative Buy rating and CA$3.00 price target on The FUTR Corp. (FTRC:TSX; FTRCF:OTC; QA20:FSE), implying approximately 1,295% upside from the May 11 closing price of CA$0.22, following the company's six-month transition period results and continued platform expansion ahead of two additional revenue stream launches in H2/2026. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Recent Developments</h2> FUTR reported results for its six-month transition period ended December 31, 2025, following a change in fiscal year-end from June 30 to December 31. Revenue for the period totaled US$3.9 million, down approximately 5% from US$4.1 million in the comparable prior-year period. The decline was driven entirely by the impairment of a Canadian technology licensing arrangement, as management concluded that reclaiming the Canadian market for a direct-to-market strategy offered greater long-term value than restructuring the agreement after the counterparty failed to meet payment obligations. Excluding licensing revenue, the core FUTR Payments 2.0 business showed positive momentum, with bank processing fees rising 5.4% and enrollment fees increasing 22.9% year over year. Gross profit was US$3.4 million at an 88% gross margin, compared with US$3.7 million and a 91% margin in the prior-year period. Adjusted operating loss widened to US$3.0 million from US$0.6 million, reflecting deliberate investment in the FUTR Agent App, platform expansion, investor relations, and corporate development. Net loss for the period totaled US$7.4 million, or US$0.01 per share, significantly impacted by a US$2.8 million non-cash impairment charge, approximately US$1.1 million in share-based compensation, and US$0.6 million in intangible asset amortization. FUTR exited the transition period with an improved balance sheet following approximately US$6.4 million in private placement financings and full repayment of its short-term loan facility. FUTR Payments 2.0 completed its platform rebuild in November 2025 and reached full commercialization in March 2026. Subsequent to period-end, FUTR reported a record quarter for dealer growth in Q1/2026, signing 22 new dealer agreements — its strongest quarterly onboarding performance to date. The active dealer base now exceeds 160 dealerships, with management targeting 500 active dealers by the end of 2027. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Business Overview & Strategic Initiatives</h2> FUTR's platform is anchored by the FUTR Agent App, a unified personal financial management platform that serves as the central operating layer connecting payments, embedded finance, consumer data monetization, and premium financial services. The Agent App transitioned from closed beta toward broader commercial rollout in Q2/2026. The company's monetization architecture is organized around three revenue streams. Revenue Stream 1 — Payment and Banking Rails — is live today and currently generates approximately US$100 in annual revenue per active consumer, with average consumer tenure exceeding four years and estimated lifetime value of approximately US$400. The business operates at approximately 88% gross margins. Revenue Stream 2 — Agent Driven Lead Generation — is targeted for Q3/2026 and will monetize high-intent financial introductions generated from verified, consented consumer data profiles. Initial lead categories are expected to include auto insurance, mortgage renewal, debt consolidation, loan refinancing, and investment products. Brands are expected to pay lead fees in FUTR Tokens, with FUTR participating through a 17% share of token transaction value under its Master Services Agreement with the FUTR Foundation. Revenue Stream 3 — Premium Agent App Services — is targeted for Q4/2026 and will introduce subscription-based and transaction-based financial tools layered on the existing consumer relationship, including home and auto asset valuation, credit bureau reporting, advanced financial analysis, agent customization, and rent and utility payment reporting through a Zonetail partnership. FUTR also expanded its embedded finance strategy through a joint venture with EQIBank, expected to introduce additional products, including the FUTR Card, FUTR Digital Yield, FUTR JITP, and FUTR Global Currency platform in H2/2026. Management believes these products have the potential to materially increase monetization per active consumer above the current approximately US$100 annual baseline. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Financial Forecasts</h2> Research Capital projects revenue growing from US$13.4 million in F2026 to US$146.2 million by F2029, driven by dealer expansion, increasing consumer penetration, and layered monetization across all three revenue streams. EBITDA is forecast to turn positive at US$30.9 million in F2028, reaching US$73.9 million in F2029 at a 51% margin. Net income is projected at US$19.2 million in F2028 and US$50.2 million in F2029. Zero-party data clients are forecast to grow from 2.0 million at year-end F2026 to 11.25 million by year-end F2029. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Valuation</h2> Research Capital's CA$3.00 price target is based on a sum-of-the-parts framework, assigning CA$1.81 per share to FUTR's core platform using a discounted cash flow model (15% WACC, 2% terminal growth rate) and CA$1.08 per share to the discounted value of the company's FUTR token reserve (20% discount rate, US$1.53 forecast token price). <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Risks</h2> Key risks include liquidity and going concern considerations, given FUTR's early-stage commercialization and ongoing operating losses, though the analyst notes that Chairman G. Scott Paterson and CEO Alex McDougall are viewed as capable of raising significant capital to address balance sheet risk. Additional risks include regulatory exposure across Canadian and U.S. payments and data privacy frameworks, reliance on contractual rather than patent-based intellectual property protections, execution risk associated with scaling the platform and integrating enterprise partners, and potential litigation that could divert management attention or deplete capital resources. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>The FUTR Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of The FUTR Corp.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Disclosures for Research Capital Corp., The FUTR Corp., May 11, 2026 Analyst Certification I, Greg McLeish, CFA, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. 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Member – Canadian Investor Protection Fund / membre – fonds canadien de protection des épargnants<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31273"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31273" width="0" height="0"> ( Companies Mentioned: FTRC:TSX; FTRCF:OTC;QA20:FSE, ) FTRC:TSX; FTRCF:OTC;QA20:FSE Tue, 26 May 2026 00:00:00 PST 'Warsh Trading' https://www.streetwisereports.com/article/2026/05/26/warsh-trading.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/warsh-trading.html?utm_medium=feed">Michael Ballanger 05/26/2026</a> Michael Ballanger of GMM Advisory Inc. analyzes gold's troubling short-term chart, where a 50-DMA crossing below the 100-DMA signals a possible bearish reversal ahead.There is a type of securities fraud that falls under the banner of "manipulation," known as "wash trading". Wash trading is a form of market manipulation where an investor simultaneously buys and sells the same financial asset to create artificial market activity. It works in a number of ways, either where one trader buys and sells from themselves using different accounts, or two cooperating parties buy and sell from each other back and forth. The goal is to have the asset change hands, but where the actual owner remains the same, while the transaction costs are the only real money lost by the manipulator. Why the perpetrators get involved in "wash trading" is to create the illusion of high liquidity and market interest, artificially driving an asset's price up or down, where such high activity tricks real investors into buying into a dead asset. In crypto, it is often used to farm "platform transaction rewards" (whatever that is). The markets most affected by it are the unregulated exchanges, which frequently suffer from automated wash trading bots and NFT's where the creators buy their own digital art to make it look highly valuable. It was outlawed as "strictly illegal" under regular stock exchanges, but still attempted historically. The Securities Exchange Act of 1934 established the SEC and created Section 9(a) to outlaw the creation of a "false or misleading appearance of active trading" via wash sales, which is legally classified as "fraud" because it was misleading the public market. This past week, the new Chairman of the Federal Reserve Board, Kevin Warsh, was sworn in during a White House ceremony that included Fed-basher President Donald Trump. The new Chairman is considered to be a monetary policy "hawk" who has repeatedly pledged to act independently, even as he criticized the central bank for what he called "mission creep" and its response to the pandemic inflation surge. However, commentaries throughout the twitterverse and all over the blogosphere would have us believe that somehow this new Chairman of the American central bank is going to usher in a new regime that is more clearly committed to Main Street, otherwise known to mean "Joe Sixpack", a somewhat derogatory descriptive of the "average American voter" often referred to by Hilary Clinton all-inclusively as "the deplorables". Mr. Warsh has already confessed to a desire for some changes at the Fed, including a focus on reshaping inflation metrics, streamlining communication, and shrinking the Fed's footprint in financial markets. The list of specific items includes: <ul> <li>Reducing the Fed Balance Sheet: Warsh has expressed a desire to aggressively reduce the Fed's massive balance sheet, aiming to shrink it down from over $6.7 trillion toward a baseline closer to $3 trillion.</li> </ul> <ul> <li>Limiting interventions: He believes the balance sheet should only be used during periods of severe economic crisis or market dysfunction, rather than as a routine tool to manipulate general financial conditions. He prefers to rely almost exclusively on the federal funds rate as the primary economic lever</li> </ul> <ul> <li>Using "AI" as a deflationary "supply-side" force: To balance President Trump's demands for rate cuts with the reality of stubborn inflation, Warsh has introduced a supply-side economic theory centered on technology. He views artificial intelligence as a massive, structural disinflationary force that will rapidly expand productivity and economic output. Under this view, he believes the Fed may eventually have room to cut interest rates aggressively because AI-driven efficiency gains will keep inflation naturally contained.</li> </ul> <ul> <li>Fed Culture: Warsh plans to narrow the central bank's focus back to its core dual mandate: "price stability" and "maximum full employment". He has publicly criticized the Fed's previous drift into social and political issues, asserting that the institution should not be involved in climate change initiatives or diversity, equity, and inclusion (DEI) policy tracking. Furthermore, he has firmly ruled out the creation or pursuit of a central bank digital currency (CBDC) as he most certainly should.</li> </ul> When I ran through the checklist of Warsh's new policy initiatives, it became obvious that there is actually nothing new to anything he has proposed. You see, to really understand the Federal Reserve, you have to go way back and understand how and why it was created. The whole concept of a "national bank" was fiercely opposed by the Founding Fathers of the United States, who considered banks "more dangerous than standing armies," as was written by Thomas Jefferson in his memoirs. Only the Panic of 1907 could finally persuade the lawmakers to spit in the eyes of the Founding Fathers. In mid-October 1907, speculators F. Augustus Heinze and Charles W. Morse attempted to corner the stock of the United Copper Company. ("Cornering" a stock means buying up enough shares of a company to gain control of its available supply, allowing the buyer to artificially dictate the market price.) The plan failed spectacularly, causing the stock to collapse and bankrupting the brokerage firms involved. Because Heinze and Morse held prominent positions at several New York banks, panicking depositors rushed to withdraw their money, fearing those banks were now insolvent. The panic quickly spread from traditional commercial banks to trust companies, which were highly vulnerable financial intermediaries that competed with banks but were less regulated, keeping cash reserves of only about 5% compared to the 25% required for national banks. When the Knickerbocker Trust Company—New York's third-largest trust—collapsed and closed its doors on October 22, it triggered a massive, systemic crisis of faith across the entire U.S. banking sector. Enter the venerable and legendary financier, J. Pierpont Morgan. With no central bank to step in, the powerful J. P. Morgan locked New York's top bankers in his private library, where he forced them to pool their money to bail out failing institutions and keep the New York Stock Exchange open. Only the brazen actions of Morgan and friends prevented a complete breakdown of the financial system, but the memories of the event were not lost upon either the bankers or the lawmakers because the specter of private citizens being forced to bail out the banking system was an admission of vulnerability of capitalism and the American Way. It was in 1910 that a group of bankers and lawmakers met at the Jekyll Island Club on Jekyll Island, Georgia, under the guise of a "duck hunting trip" that the structural framework for the Federal Reserve Bank was established. Directly triggered by the Panic of 1907, the group met to draft a comprehensive overhaul of the chaotic American banking framework. Over those ten days, they formulated the "Aldrich Plan." (Henry Aldrich was a U.S. Senator.) While Congress initially rejected the plan because it gave too much power to private banks, its core structural features served as the direct blueprint for the Federal Reserve Act of 1913, which created the modern U.S. central bank (the "Fed"). So, it was a panic orchestrated by financiers trying to corner a stock that led to the creation of what is today the Federal Reserve Board. The decision to meet on Jekyll Island had nothing to do with "the average American voter" ever. It was deemed necessary for the guaranteed survival of the U.S. banking system. Kevin Warsh is the new Chairman of an institution created for the expressed purpose of protecting the banks. It was not until the Federal Reserve Reform Act of 1977 did the Congress add the triple mandate" of "maximum full employment", "price stability", and "moderate long-term interest rates", with the latter two lumped together leaving only "price stability" and "maximum full employment" as the dual mandate. The notion of his appointment being anything vaguely resembling "regime change" verges on the absurd because history would prove that with a balance sheet at over US$6 trillion, up from US$800 billion in 2005, the outrageous money creation in reaction to the 2007-2008 GFC and the 2020 Covid pandemic is proof-positive that "price stability" was and is not a concern of the Fed. Ensuring that the bankers still received their bonuses in 2008 and 2021 were two occasions where the Fed looked after the banks well in advance of looking after Joe Sixpack. I will be on the lookout for anything that resembles the 2026 version of "Warsh Trading", where the Chairman of the Federal Reserve Board manipulates the minds of investors by creating the illusion of Fed activity in the areas of "price stability" and "maximum full employment" under the guise of looking after the "average American voter" when in fact the only concern being raised is for the continued profitability of the member banks, you know, the registered owners of the Federal Reserve. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652660943_1.png" alt="" width="624" height="374" /> That Mr. Warch entered his new position the very day that the University of Michigan Index of Consumer Sentiment was released, showing a record drop in all categories, is ironic. Here is poor Mr. Walsh trying to get the Fed to tone down "interventions" and reduce the size of its balance sheet, as many of the member banks he has sworn to protect that are actually choking on debt created by the Fed itself. When the Fed funds rate hit zero six years ago, a large number of financial institutions backed up the truck and loaded up on debt, selling carloads of bonds with artificially depressed coupons thanks largely to the Fed. Six years later, and that mountain–continent of debt has to be rolled over with the coupon now four full percentage points higher. I will be curious to see what happens when all those wonky commercial real estate loans start going south. Will Mr. Warsh be the champion of Joe Sixpack and start dumping the $1.98 trillion of mortgage-backed securities that they have been taking off the member banks since 2008? Will he let the big banks like JP Morgan and Goldman Sachs flounder under the weight of margin calls from their hedge fund clients? You all know where I stand on that. Kevin Warsh is "the new boss," and yes, he is exactly like "the old boss," and to coin a very misused and abused phrase, the more things change, the more they remain the same. <h2 style="text-align: center;">Gold</h2> In a BBC broadcast in 1939, the great British stateman, Sir Winston Churchill, was asked if he could make a forecast concerning Russia, and his reply was: "I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma." In 2026, a subscriber asked me to give her my best forecast for gold, and my only reply was, "I cannot forecast to you the action in gold. It is a riddle, wrapped in a mystery, inside an enigma." Truly, the gold market has me befuddled. One look at the longer-term chart of gold and you breathe a long and satisfied sigh of relief. The five-year chart for gold looks absolutely superb. It is undergoing a "healthy correction" (term used by bulls when they wish thy had sold at or near prior peak) with the trend line drawn of the October 2023 low still very much intact. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652661022_2.png" alt="" width="624" height="472" /> However, as much as we all stand up and pound our fists on the table avowing ‘til the death that "we all invest for the long-term", we all secretly dread corrections because they are stressful, irritating, and no fun. Along that line of reasoning, long-term investments are short-term investments made at the wrong price and at the wrong time. They metamorphose into long-term investments because we hate taking losses on deals that should be going up and refuse to listen to our screams in the bathroom at four in the morning. It is not the long-term chart that gives me grief; it is the short-term chart. They say that technical analysis is "reactive" rather than "predictive," and I find that criticism only partially correct because if I had a dollar for every "technical breakout" that proved to be a false signal, I would not be forced to write newsletters at my advancing stage of life. The chart shown on the next page is the six-month chart, and it is, to say the least, troublesome. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652661040_3.png" alt="" width="624" height="570" /> You will note on the chart posted above the red ellipse that marks the crossing of the 50-dma under the 100-dma, which is not considered a major technical event, but it does carry implications. When a 50-day moving average (50-DMA) crosses below the 100-day moving average (100-DMA), it signals a major shift toward an intermediate-to-long-term "bearish trend reversal". In technical analysis, moving averages track momentum over specific windows. When a shorter-term average falls below a longer-term one, it proves that recent downward price momentum is accelerating faster than the historical baseline. While there are certainly no guarantees of anything in the capital markets these days, the implications of this cross are as follows: <ul> <li>Loss of Intermediate Momentum: It confirms that the short-term buying pressure has officially exhausted, shifting control from the bulls to the bears.</li> <li>Resistance Level Flips: The price points where these averages intersect often transform from former psychological support floors into heavy overhead resistance.</li> <li>Precursor to a Death Cross: While not as severe as the classic Death Cross (50-DMA crossing below the 200-DMA), this event acts as an early warning system that a deeper, structural bear market may be forming.</li> </ul> In that last bullet point, the operative word is "may". <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li> Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> Michael Ballanger Disclosures This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31272"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31272" width="0" height="0"> Tue, 26 May 2026 00:00:00 PST Gold-Copper Discovery Expands Along Major PNG Mining Corridor With 9.92 g/t Re-Assay https://www.streetwisereports.com/article/2026/05/26/gold-copper-discovery-expands-along-major-png-mining-corridor-with-9-92-g-t-re-assay.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/gold-copper-discovery-expands-along-major-png-mining-corridor-with-9-92-g-t-re-assay.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> South Pacific Metals Corp. (SPMC:TSX) reported maiden drilling results from Ontenu NE in Papua New Guinea, including a peak re-assay of 9.92 g/t gold and 2.35% copper within a broader 92-meter mineralized interval.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:dce7a552-8259-455e-9d8b-4ddb12f6e2a4-22" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:dce7a552-8259-455e-9d8b-4ddb12f6e2a4-22" data-turn-id-container="request-WEB:dce7a552-8259-455e-9d8b-4ddb12f6e2a4-22" data-testid="conversation-turn-2" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="055cfd4a-cbab-45d0-9bd3-6d7b6d64d8a9" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> South Pacific Metals Corp. (SPMC:TSX) reported <a href="https://southpacificmetals.ca/south-pacific-metals-corp-drills-92-m-of-mineralisation-at-ontenu-ne-peak-intercepts-return-9-92-g-t-gold-and-2-35-copper/" target="_blank" rel="noopener">results from the first drill program at its Ontenu NE project in Papua New Guinea, with seven holes totaling 2,266 meters completed within the wider Osena Project area on the Kainantu Transfer Zone</a>. The company stated that assays have been received for six holes, while the seventh remains pending. Holes 8 and 9 are currently being drilled. According to the company, gold mineralization was confirmed in five of seven holes across the Onki and Jorkol zones. The company reported two high-grade intercepts, including hole ONED26-006 at the Onki Zone, which returned 2 meters grading 5.74 g/t gold, 1.49% copper, and 35 g/t silver, with a peak re-assay of 9.92 g/t gold and 2.35% copper. At the Jorkol Zone, hole ONED25-001 returned a 0.5-meter peak interval grading 3.16 g/t gold, 0.62% copper, and 96 g/t silver with 602 ppm bismuth. The company also reported broader lower-grade mineralized intervals, including 92 meters grading 0.34 g/t gold at Onki and 4.5 meters grading 0.77 g/t gold at Jorkol. South Pacific Metals stated that geological evidence at Onki included phreatic breccia overlying an intensely silicified horizon interpreted as a silica cap above a preserved hydrothermal system. Additional drilling results included 99 meters grading 0.23 g/t gold from 1 meter in hole ONED26-002 at Onki, including 11 meters grading 0.22% copper, 0.18 g/t gold, and 1.1 g/t silver from 42 meters. Hole ONED26-004 at Jorkol returned 8 meters grading 0.74 g/t gold and 8.5 g/t silver from 51 meters, along with 3 meters grading 1.03 g/t gold and 68 g/t silver from 43 meters. South Pacific Metals stated that the strongest bismuth signature in the program was identified within the 0.5-meter peak sample from ONED25-001, which returned 602 ppm bismuth. The company stated that elevated bismuth-tellurium values in the presence of gold are indicators of intrusion-related gold-vein mineralization. The company also reported that Ontenu Central is advancing in parallel, where a 2-kilometer zoned alteration footprint with a porphyry signature has been mapped, with a relatively shallow porphyry target defined beneath surface gold-copper anomalies. <a href="https://southpacificmetals.ca/south-pacific-metals-corp-drills-92-m-of-mineralisation-at-ontenu-ne-peak-intercepts-return-9-92-g-t-gold-and-2-35-copper/" target="_blank" rel="noopener">CEO Timo Jauristo stated in the news release,</a> "This maiden drill program has achieved many milestones. We targeted and have been drilling Ontenu NE to confirm our concept that we have signatures of Kora-Judd style mineralization on our ground, and the answer is yes." Jauristo also stated, "We have intersected mineralization in 5 of 7 holes; hit two high-grade Au-Cu intercepts within wider lower-grade halos; are developing a better understanding of the geology, structure, and mineralization in the area; and are compiling a geological model that will help guide future drilling towards more productive parts of the veins." The company announced the appointment of Octavio Garcia as Exploration Manager. According to South Pacific Metals, Garcia has 30 years of mineral exploration experience worldwide, including in Papua New Guinea, and has previously held roles with Mt Isa Mines, Barrick, and Xstrata. South Pacific Metals stated that all drill holes were logged on site by the company's geology team, with drill core shipped to Intertek Laboratory in Lae, Papua New Guinea, for analysis. The technical and scientific information in the release was reviewed and approved by Darren Holden, Ph.D., a Qualified Person under National Instrument 43-101. <h2 style="text-align: center;" data-section-id="1e0t77n" data-start="0" data-end="26">Gold and Copper Markets Draw Support From Lower Oil Prices, Supply Pressures, and Recycling Demand</h2> <a href="https://www.reuters.com/world/india/gold-rises-weaker-dollar-investor-weigh-us-iran-peace-deal-prospects-2026-05-25/" target="_blank" rel="noopener">According to a May 24 Reuters report</a>, gold prices rose more than 1% as lower oil prices and a weaker U.S. dollar supported bullion markets following optimism surrounding possible U.S.-Iran negotiations. Spot gold rose 1.2% to US$4,561.51 per ounce, while U.S. gold futures for June delivery gained 0.9% to US$4,563.60. Reuters reported that equities rallied while oil prices fell below US$100 a barrel and reached two-week lows. UBS analyst Giovanni Staunovo told Reuters that "Financial assets are strongly influenced by oil prices at present, and gold prices are not an exception." Staunovo also stated that "Lower oil prices lift gold, in anticipation that it impacts the monetary policy of the Federal Reserve." Reuters further reported that gold had fallen about 14% since the Iran conflict began in late February, with elevated energy prices contributing to inflation concerns and expectations for higher U.S. interest rates. The report stated that traders were pricing in a 40% chance of a 25-basis-point Federal Reserve rate increase in December. <a href="https://www.cnbc.com/2026/05/25/gold-rises-as-dollar-oil-ease-on-us-iran-deal-prospects.html" target="_blank" rel="noopener">CNBC, also citing Reuters on May 25</a>, reported that spot gold rose 1.1% to US$4,559.07 per ounce, while U.S. gold futures gained 0.8% to US$4,559.80. The report stated that the weaker U.S. dollar made bullion more affordable for holders of other currencies, while declining oil prices softened inflation expectations. Tim Waterer, chief market analyst at KCM Trade, told Reuters that "Trump has been raising market hopes for some sort of deal with Iran, which could lead to the reopening of the Strait of Hormuz." Waterer added that "That prospect has weighed on oil prices and, by extension, given gold a welcome lift from an inflation perspective." <a href="https://www.marketscreener.com/news/the-crushed-pile-in-nevada-how-a-forgotten-1989-gold-heap-is-becoming-one-of-americaa-s-few-near-t-ce7f5adddb89f723" target="_blank" rel="noopener">Separately, MarketScreener published commentary on May 25 discussing activity in Nevada's gold and antimony sector</a>, including drilling results from historical heap leach material. The report stated that gold prices were "trading in the mid-US$4,000s" while describing renewed interest in projects containing both gold and critical minerals. According to the report, historical material from a Nevada heap leach operation returned multiple drill intervals containing antimony and gold mineralization, including 0.32% antimony and 0.39 grams per tonne gold over 14.9 meters, and 0.27% antimony and 0.41 grams per tonne gold over 18.0 meters. <a href="https://www.recyclingproductnews.com/article/44614/adapting-to-the-new-demands-of-copper-recycling" target="_blank" rel="noopener">According to a May 25 feature published by Recycling Product News,</a> rising demand tied to "data centers, electrification, grid upgrades, and the wiring behind almost every new build" had placed increased focus on copper supply chains and recycling capacity. The report stated that recyclers were facing "tighter specs, more documentation, faster turnaround expectations, and rising pressure to quantify recycling's environmental benefits." The publication reported that copper processors were increasingly operating with manufacturing-style precision as downstream customers tightened chemistry and quality requirements. Shine stated that modern supply chains required faster verification and more detailed material analysis, noting that "The only way that we could do it was bring [in] the lab equipment and be able to, in 10 minutes, know if the load passes chemistry or not." According to the report, recyclers and processors across the sector had been investing in "tighter internal quality systems" as copper demand increased and customers became more selective about specifications and documentation standards. The article also highlighted broader trends toward automation and advanced processing technologies within the copper recycling industry. Shine stated that recycling remained "a blue-collar, hardworking [industry], but it's starting to transition to be more technologically sensitive and focused." He added that "more automation, more analytics, and more process discipline" were becoming increasingly important as labor availability tightened and operational expectations increased. <h2 style="text-align: center;" data-section-id="1sr7ryy" data-start="0" data-end="31">Third-Party Highlights Ontenu Mineralization Intercept Along K92 Corridor</h2> In a May 21 commentary, Chen Lin of the What's Chen Buying? What's Chen Selling? Newsletter referenced South Pacific Metals Corp.'s Ontenu project drill results, stating that "SPMC.v hit 92 meters of mineralization at Ontenu, best intercept, 2 m @ 5.74 g/t Au, 1.49% Cu at the K92 Mining Inc. (KNT:TSX.V; KNTNF:OTCMKTS) corridor." <h2 style="text-align: center;" data-section-id="qu06up" data-start="3545" data-end="3592">Ongoing Drilling and Exploration Activities</h2> South Pacific Metals stated that drilling is continuing at Ontenu NE, with upcoming holes designed to test newly identified northwest-trending structures at the Onki Zone, drill deeper beneath the Onki silica cap, and step out along strike and at depth at Jorkol. [OWNERSHIP_CHART-10406] At Ontenu Central, the company stated that drilling is expected to commence shortly following detailed mapping activities. The company also reported that surface exploration is continuing at the Anga project area, located immediately northeast of K92. <a href="https://southpacificmetals.ca/wp-content/uploads/2026/02/One-pager-final-January-2026-V3.pdf" target="_blank" rel="noopener">According to company materials</a>, Ontenu forms part of the Osena package and borders southwest of K92, with drilling underway and 10 structural corridors identified from soil sampling and mapping. The company reported rock samples grading up to 21% copper, 13.9 g/t gold, and 645 g/t silver at Ontenu. Company materials also stated that Anga borders K92 to the northeast, where sampling and mapping are underway, with reported rocks grading up to 3.68 g/t gold and 0.27% copper, and stream sediment samples grading up to 282 g/t gold. South Pacific Metals' Kili Teke project contains a 2022 NI 43-101 resource estimate of 4.2 million ounces gold equivalent, according to company materials. The company stated that more than US$25 million has been invested in the project and that 36,000 meters of drilling have been completed. The company also reported plans for work during the first half of 2026 following the re-establishment of initial social license activities. The company's May River project, according to company materials, borders the Frieda River gold-copper project and has historical drilling results including 109 meters grading 1.53 g/t gold and 19 meters grading 11.9% copper and 2 g/t gold. <h2 style="text-align: center;">Ownership & Share Information1</h2> Institutions own 7.54% of shares, Management & Insiders own 21.22%, and the remaining 71.24% of shares are held by Retail. South Pacific Metals has a market cap of CA$30.42 million, with 69.14 million shares outstanding. The company's 52-week range is CA$0.36-CA$3.94. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </section> </div> </div>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31269"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31269" width="0" height="0"> ( Companies Mentioned: SPMC:TSX, ) Tue, 26 May 2026 00:00:00 PST Retail Giant's Sales Surge Crushes Expectations as Digital Growth Accelerates https://www.streetwisereports.com/article/2026/05/26/retail-giants-sales-surge-crushes-expectations-as-digital-growth-accelerates.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/retail-giants-sales-surge-crushes-expectations-as-digital-growth-accelerates.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> Target Corp. (TGT:NYSE) reported first-quarter 2026 net sales of US$25.4 billion, with comparable sales rising 5.6% and digital sales increasing 8.9% year over year.Target Corp. (TGT:NYSE) reported <a href="https://www.stockwatch.com/News/Item/U-CG63171-U!TGT-20260520/U/TGT" target="_blank" rel="noopener">first-quarter 2026 financial results showing higher sales across all six core merchandising categories, growth in customer traffic, and increased digital and non-merchandise revenue.</a> The company reported first-quarter net sales of US$25.4 billion, up 6.7% from the prior year. Comparable sales increased 5.6%, reflecting a 4.7% increase in comparable store sales and 8.9% growth in comparable digital sales. Comparable traffic increased 4.4% compared with the first quarter of 2025. Digital comparable sales growth was led by more than 27% growth in same-day delivery, powered by Target Circle 360. Non-merchandise sales increased 24.6%, which the company said reflected growth in Roundel advertising revenue, Target Circle 360 membership revenue, and the Target+ marketplace. First quarter GAAP and adjusted earnings per share were US$1.71, compared with prior-year GAAP EPS of US$2.27 and adjusted EPS of US$1.30. The company stated that prior-year GAAP EPS included non-recurring legal settlement gains. "First quarter financial results were stronger than expected, providing encouraging early signs that our clarified strategy is resonating with our guests and driving broad-based growth across our business," <a href="https://www.stockwatch.com/News/Item/U-CG63171-U!TGT-20260520/U/TGT" target="_blank" rel="noopener">said Michael Fiddelke, Chief Executive Officer of Target.</a> First quarter operating income and adjusted operating income were US$1.1 billion, representing a 22.9% decrease from prior-year GAAP operating income and a 29.1% increase from prior-year adjusted operating income. The operating income margin rate and adjusted operating income margin rate were both 4.5% in the quarter, compared with a prior-year GAAP operating income margin rate of 6.2% and an adjusted operating income margin rate of 3.7%. The company reported a first-quarter gross margin rate of 29.0%, compared with 28.2% in 2025. According to the release, the increase reflected improved productivity in supply chain facilities, growth in advertising and other non-merchandise revenues, and lower markdown rates, partially offset by higher product costs. Target reported first-quarter net interest expense of US$117 million, compared with US$116 million in the prior year. The effective income tax rate for the quarter was 24.4%, compared with 25.0% in the prior-year period. Capital expenditures totaled US$1.0 billion in the first quarter, which the company said was driven primarily by investments in new stores and store remodels. The company also paid US$516 million in dividends during the quarter, compared with US$510 million in the prior year. The company stated that it did not repurchase any stock during the quarter and had approximately US$8.3 billion remaining under its repurchase program approved in August 2021. For the trailing twelve months through the first quarter of 2026, after-tax return on invested capital was 12.4%, compared with 15.1% for the trailing twelve months through the first quarter of 2025. <h2 style="text-align: center;">Analysts Weighed Strong Quarterly Results Against Ongoing Transition Costs</h2> <a href="https://www.marketbeat.com/stocks/NYSE/TGT/forecast/" target="_blank" rel="noopener">According to MarketBeat data published on May 22</a>, Target had a consensus analyst rating of "Hold" based on 33 Wall Street analyst ratings issued during the previous 12 months. The data showed that three analysts issued sell ratings, 19 issued hold ratings, and 11 issued buy ratings. MarketBeat reported that the average 12-month analyst price target for the stock was US$125.93, compared with a closing price of US$125.62 on May 22, 2026. The report stated that the highest published price target was US$155.00, while the lowest was US$81.00. According to the report, the consensus price target represented "a forecasted upside of 0.25% from the current price of US$125.62." MarketBeat also stated that the consensus analyst rating for the stock remained "Hold" across one-month, three-month, and one-year comparison periods. The report further showed that the consensus price target had increased from US$105.03 three months earlier and US$117.39 one month earlier to US$125.93 as of May 2026. In a May 20 flash note from Roth Capital Partners, Bill Kirk, CFA, maintained a Neutral rating on the company with a 12-month price target of US$88. The report stated that "Target reported a big 1Q comparable sales and earnings beat (+5.6% y/y vs cons. +2.4% and US$1.71 vs. cons. US$1.47, respectively)." Kirk also wrote that "1Q was a very strong quarter." The May 2026 Roth report stated that the company raised fiscal 2026 guidance, including "net sales growth around 4% (from ~2% and cons. 2.3%)" and adjusted EPS "at the high-end of US$7.50-US$8.50." However, Kirk wrote that "the earnings range falls below current consensus expectations (US$8.12)." The note also stated that "with tougher compares and higher fuel prices, Target's performance may decelerate, as is implied in Target's guidance." According to the report, digital growth "improved (+8.9% y/y from +1.9% y/y in 4Q)," while "two-year stacked comparable sales improved to +1.8%." The report stated that the company's US$88 price target was "DCF-derived and implies ~6.2x EV/NTM EBITDA and ~11x NTM PE." In a May 20 company update from Freedom Broker, analysts Georgy Vashchenko, Raimzhan Bayterek, and Danil Bondarets downgraded the stock to Hold from Buy and lowered the price target to US$130 from US$145. The Freedom Broker report stated that the company "delivered a stronger-than-expected Q1'FY26, with traffic-led comparable sales growth, broad category gains, digital momentum, and improved adjusted profitability." The analysts wrote that "the quarter provides early evidence that management's refreshed merchandising and operating priorities are resonating with guests." According to the report, "all six core merchandising categories posted growth," while digitally originated comparable sales increased 8.9%, "led by more than 27% growth in same-day delivery powered by Target Circle 360." The analysts also stated that "gross margin expanded 80 bps y/y to 29.0%, supported by supply-chain productivity, lower markdowns, and growth in higher-margin revenue streams." The Freedom Broker analysts wrote that "management emphasized that Target is still early in a multi-year transformation." The report stated that planned operational initiatives included "more than 30 new stores this year," more than 100 remodels underway, and plans "to launch Target Beauty Studio in more than 600 stores later this year." The analysts stated that they viewed the quarter as "a meaningful improvement, but not yet a decisive earnings inflection." The report added that "traffic-led comp growth, broad category participation, digital momentum, and better adjusted profitability support a more constructive view of Target's operating trajectory." Freedom Broker stated that its revised US$130 target price was based on "a 5-year discounted cash flow (DCF) model utilizing free cash flow to the firm (FCFF) approach." The report also stated that the company's "digital remains one of Target's clearest growth drivers, supported by same-day delivery, Target Circle 360, and store-based fulfillment." The third-party sources disclosed Neutral and Hold ratings alongside price targets of US$156, US$88, and US$130. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:9b6600e9-ce31-41d4-afed-50bdd1d70bcf-16" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:9b6600e9-ce31-41d4-afed-50bdd1d70bcf-16" data-turn-id-container="request-WEB:9b6600e9-ce31-41d4-afed-50bdd1d70bcf-16" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="dcaacf1e-2171-4138-a18d-20a1b5619bc6" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="1n26r1o" data-start="0" data-end="33">Retail Sector Earnings Trends</h2> <a href="https://www.benzinga.com/insights/news/26/04/52120072/comparative-study-amazon-com-and-industry-competitors-in-broadline-retail-industry" target="_blank" rel="noopener">In an April 29 comparative industry study published by Benzinga, </a>the report examined performance and valuation trends within the broadline retail industry as companies prepared to report quarterly earnings. The study focused on comparative analysis across the sector, including earnings metrics, operational performance, and competitive positioning within broadline retail. <a href="https://seekingalpha.com/article/4906295-q1-2026-us-retail-preview-broadline-retail-powers-earnings-growth-as-household-durables-weaken" target="_blank" rel="noopener">According to a May 19 report from Lipper Alpha Insight published on Seeking Alpha,</a> the LSEG U.S. Retail and Restaurant Q1 earnings index was expected to show "a 25.2% growth over last year's levels." The report stated that the index tracked "changes in the growth rate of earnings within the sector" and covered 188 retailers monitored by LSEG. The same report stated that "the broadline retail sector is headed for the highest earnings growth rate in the first quarter, recording a 73.1% surge over last year's level." Lipper Alpha Insight also reported that "Household Durables has the weakest anticipated Q1 2026 estimate, with profits expected to decline by -25.6%," reflecting varying performance trends across retail categories during the quarter. Lipper Alpha Insight wrote that the broadline retail category was expected to deliver the strongest earnings growth among tracked retail segments during the first quarter reporting period. The report also stated that the broader retail and restaurant earnings index reflected growth "well above last year's levels." <a href="https://pluang.com/en/news-feed/q1-2026-pasar-ritel-as-pendorong-pertumbuhan-laba-ritel-broadline-lemahnya" target="_blank" rel="noopener">Pluang reported on May 19 that U.S. retail and restaurant earnings were expected to grow 25.2% in the first quarter,</a> "led by broadline retail's 73.1% surge." The report stated that the earnings outlook reflected stronger projected results within broadline retail compared with weaker anticipated performance in household durables, where profits were expected to decline by 25.6%. The Seeking Alpha report described the quarter as showing mixed conditions across the retail industry, with broadline retail identified as the strongest-performing category in the LSEG earnings index. According to the report, the sector data highlighted both growth opportunities and operational challenges across different retail segments during the first quarter reporting period. </div> </div> </div> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="19zq8f" data-start="3049" data-end="3102">Updated 2026 Outlook and Operational Developments</h2> <a href="https://corporate.target.com/getmedia/12a546bd-99a7-48cc-95c7-43d365d3b1f5/TGT-USQ_Transcript_2026-05-20.pdf" target="_blank" rel="noopener">Target updated its expectations for fiscal 2026, stating that it now expects net sales growth in a range of around 4% compared with 2025</a>, which the company said was two percentage points higher than its prior range. The company also stated that it continues to expect net sales growth in every quarter of the year. [OWNERSHIP_CHART-11613] The company said it expects its full-year 2026 operating income margin rate to be more than 20 basis points higher than the 4.6% adjusted operating income margin rate reported in 2025. Target also stated that it expects GAAP and adjusted earnings per share to be near the high end of its prior guidance range of US$7.50 to US$8.50. According to the release, first-quarter capital expenditures increased 31% from the prior year due primarily to investments in new stores and store remodels. The company also cited planned spending related to capital projects, additional hours and training for field teams, and higher marketing expenses during the quarter. Target stated that same-day delivery powered by Target Circle 360 grew by more than 27% in the quarter, while non-merchandise sales growth reflected increases in Roundel advertising revenue, Target Circle 360 membership revenue, and the Target+ marketplace. <h2 style="text-align: center;">Ownership & Share Information1</h2> Target Corp. has a market cap of US$57.04 billion, with 454.18 million shares outstanding. The company's 52-week range is US$83.44-US$133.10. Institutions own 87.96% of Target, while Strategic Investors own 0.01%. Management & Insiders hold 0.28%, and the remaining 11.66% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31268"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31268" width="0" height="0"> ( Companies Mentioned: TGT:NYSE, ) Tue, 26 May 2026 00:00:00 PST Antimony Co.'s US$2.7B EXIM Loan Heads to Board Agenda https://www.streetwisereports.com/article/2026/05/22/antimony-co-s-us-2-7b-exim-loan-heads-to-board-agenda.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/antimony-co-s-us-2-7b-exim-loan-heads-to-board-agenda.html?utm_medium=feed">Heiko F. Ihle 05/26/2026</a> Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) proposed that a roughly US$2.7B senior secured loan be placed on the U.S. Export-Import Bank's board agenda for its May 21, 2026, meeting. H.C. Wainwright & Co. analyst Heiko F. Ihle, CFA, reiterated a Buy rating and US$41.00 price target on <a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a>, implying roughly 30% upside from the May 11, 2026, closing price of US$31.54, following the company's release of its first-quarter 2026 financial results and the placement of its proposed loan on the U.S. Export-Import Bank (EXIM) board agenda. In his May 12 research note, Ihle reviewed Perpetua's quarterly results while emphasizing their limited relevance at this stage. "Although we view the firm's current financials as largely irrelevant given PPTA's lack of production, we nonetheless note that the firm reported a net loss of US$48.6M, or (US$0.39) per share," the analyst wrote. This compares to a net loss of US$8.2M, or (US$0.12) per share, in the first quarter of 2025. The wider loss reflected a significant ramp-up in spending ahead of construction. According to the report, the higher net loss stemmed from a step-up in exploration and pre-development costs, with management spending US$53.1M during the quarter, up from US$13.1M a year ago. Ihle noted that engineering spend rose to US$31.5M from US$5.3M, while field office and drilling support costs climbed to US$10.1M from US$1.4M in the first quarter of 2025. Perpetua's Board of Directors approved a budget of roughly US$328.0M for the first half of 2026. This consists of US$224.0M for detailed engineering, design work, and procuring equipment, along with US$76.0M for field operations. Management also expects to spend US$20.0M for permit compliance and various other costs. "In short, we highlight the significant spend that should happen at site," Ihle wrote. The analyst characterized the company's financial position as solid. The firm's balance sheet remained strong, with US$669.5M in cash as of quarter-end, which the report noted allows Perpetua to shoulder expenditures before the closing of its EXIM loan. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">EXIM Loan Catalyst</h2> The central focus of the report was the advancement of Perpetua's financing. EXIM's board placed Perpetua's proposed roughly US$2.7B senior secured loan on the agenda for its May 21, 2026, meeting. Ihle cautioned that the agenda is subject to change and that there is no guarantee a vote occurs, but noted that a favorable outcome should unlock a roughly US$2.2B direct loan that, when combined with Perpetua's cash and cash equivalents, fully covers the capital laid out in the updated technical report. Ihle expressed confidence in the financing regardless of timing. "In our view, the loan should eventually happen regardless, even if the vote gets delayed from the aforementioned meeting, based on the necessity for a domestic antimony supply chain from Stibnite," he wrote. The analyst identified the EXIM board meeting as the most significant near-term catalyst. He wrote that he views further updates related to project financing and debt funding as the company's primary catalyst, as this meaningfully de-risks the project. Ihle also pointed to the benefits of the Stibnite project from the current commodity price environment and said he plans to monitor progress toward a Final Investment Decision. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Valuation and Risks</h2> Ihle's valuation for Perpetua remained based on a discounted cash flow (DCF) analysis of the company's operations, maintaining a 10.0% discount rate on Stibnite. In his view, this discount rate fairly aligns with other assets in equally favorable jurisdictions that carry similar geopolitical risk factors and appear similarly positioned in the development pipeline. The overall DCF analysis yielded a combined valuation of US$4.66B, or US$35.52 per share. Ihle then added cash and cash equivalents of US$669.5M, along with a US$35.0M valuation for Perpetua's three key exploration targets, before subtracting the firm's debt. This produced a value of US$5.37B, or US$40.88 per share, which the analyst rounded to his US$41 price target. The report outlined four primary risks to the thesis: commodity price risks, operating and technical risks, financial risks, and political risks. With shares trading at US$31.54, the analyst's US$41.00 price target represented a 23.1% discount to the target, according to the report's calculations. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Perpetua Resources Corp is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Perpetua Resources Corp. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Disclosures for H.C. Wainwright & Co., Perpetua Resources Corp., May 12, 2026 This material is confidential and intended for use by Institutional Accounts as defined in FINRA Rule 4512(c). It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake, please let us know by e-mail reply to unsubscribe@hcwresearch.com and delete it from your system; you may not copy this message or disclose its contents to anyone. The integrity and security of this message cannot be guaranteed on the Internet. H.C. WAINWRIGHT & CO, LLC RATING SYSTEM: H.C. Wainwright employs a three tier rating system for evaluating both the potential return and risk associated with owning common equity shares of rated firms. The expected return of any given equity is measured on a RELATIVE basis of other companies in the same sector. The price objective is calculated to estimate the potential movements in price that a given equity could reach provided certain targets are met over a defined time horizon. Price objectives are subject to external factors including industry events and market volatility. RETURN ASSESSMENT Market Outperform (Buy): The common stock of the company is expected to outperform a passive index comprised of all the common stock of companies within the same sector. Market Perform (Neutral): The common stock of the company is expected to mimic the performance of a passive index comprised of all the common stock of companies within the same sector. Market Underperform (Sell): The common stock of the company is expected to underperform a passive index comprised of all the common stock of companies within the same sector. Rating and Price Target History for: Perpetua Resources Corp. (PPTA-US) as of 05-08-2026 40 35 30 25 20 15 10 5 0 Q1 Q2 Q3 2024 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 Q1 Q2 BUY:$9.00 03/20/23 BUY:$10.25 06/27/23 BUY:$10.00 09/26/23 BUY:$10.50 03/28/24 BUY:$13.25 05/14/24 BUY:$22.00 11/15/24 BUY:$25.00 01/07/25 BUY:$28.00 03/21/25 BUY:$27.50 05/13/25 BUY:$30.00 08/15/25 BUY:$41.00 02/05/26 Investment Banking Services include, but are not limited to, acting as a manager/co-manager in the underwriting or placement of securities, acting as financial advisor, and/or providing corporate finance or capital markets-related services to a company or one of its affiliates or subsidiaries within the past 12 months. Distribution of Ratings Table as of May 8, 2026 IB Service/Past 12 Months Ratings Count Percent Count Percent Buy 554 87.11% 162 29.24% Neutral 47 7.39% 10 21.28% Sell 2 0.31% 0 0.00% Under Review 33 5.19% 14 42.42% H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer. I, Heiko F. 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The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data on the company, industry or security discussed in the report. All opinions and estimates included in this report constitute the analyst’s judgment as of the date of this report and are subject to change without notice. Securities and other financial instruments discussed in this research report: may lose value; are not insured by the Federal Deposit Insurance Corporation; and are subject to investment risks, including possible loss of the principal amount invested.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31263"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31263" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) PPTA:TSX; PPTA:NASDAQ Tue, 26 May 2026 00:00:00 PST Gold Intercepts Stretch Deep as Ontario Drill Program Passes 75% Completion https://www.streetwisereports.com/article/2026/05/26/gold-intercepts-stretch-deep-as-ontario-drill-program-passes-75-completion.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/gold-intercepts-stretch-deep-as-ontario-drill-program-passes-75-completion.html?utm_medium=feed">Streetwise Reports 05/26/2026</a> NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) reported additional drilling results from its Goliath Gold Complex, including 15.21 g/t gold over 20.1 meters.<a href="https://www.streetwisereports.com/pub/co/1961?utm_medium=feed" target="_blank" rel="noopener">NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE)</a> reported <a href="https://nexgold.com/nexgold-reports-additional-broad-high-grade-gold-drill-intercepts-at-goldlund-supporting-mineral-resource-continuity-and-expansion-potential/" target="_blank" rel="noopener">additional results from its ongoing diamond drilling program at the Goliath Gold Complex in northwestern Ontario, which includes the Goliath, Goldlund, and Miller deposits. </a>The current drilling campaign is focused on infilling and potentially expanding open-pit Mineral Resources at the Goldlund Deposit. According to the company, approximately 19,000 meters of the planned 25,000-meter program has been completed. The results announced covered 5,816 meters of drilling from 14 drill holes, identified as GL-26-006 through GL-26-008 and GL-26-010 through GL-26-019B. These holes targeted Zone 4 mineralization from near the center to the northeastern portion of the open-pit Mineral Resource area. Among the highlighted intercepts, drill hole GL-26-007 returned 15.21 g/t gold over 20.1 meters, including 497.00 g/t gold over 0.5 meter and 50.10 g/t gold over 1.0 meter. Drill hole GL-26-014 returned 5.11 g/t gold over 21.8 meters, including 159.00 g/t gold over 0.5 meter and 13.40 g/t gold over 0.6 meter. Additional reported intervals included 4.51 g/t gold over 21.9 meters in drill hole GL-26-012, 2.12 g/t gold over 16.0 meters in drill hole GL-26-016, and 1.34 g/t gold over 30.0 meters in drill hole GL-26-011. The company stated that the new drill results were located in the same general Zone 4 area where previous drill intersections were reported on February 2, 2026, including 3.31 g/t gold over 20.0 meters in drill hole GL-25-003 and 7.59 g/t gold over 9.0 meters in drill hole GL-25-002. <a href="https://nexgold.com/nexgold-reports-additional-broad-high-grade-gold-drill-intercepts-at-goldlund-supporting-mineral-resource-continuity-and-expansion-potential/" target="_blank" rel="noopener">Kevin Bullock, President and CEO of NexGold, said in a company news release:</a> "Our infill drilling program at the Goliath Gold Complex (Goldlund Deposit) continues to deliver positive results, supporting the interpretation of mineralized continuity within Zone 4, including at depths approaching the base of the current open pit Mineral Resource." Bullock added: "The drill program is ongoing, with more than 75% of the planned work completed, and we look forward to updating the market with additional results." The company said mineralization at Goldlund is generally characterized by quartz stockwork veining within sub-vertical granodiorite sills. Zone 4 includes broad intervals of mineralized intermediate-mafic volcanic rocks with multiple porphyry and granodiorite intrusions. NexGold stated that the results, together with previously reported drilling, are expected to contribute to ongoing refinement of the geological model and may support future evaluation of Mineral Resource classification, subject to additional drilling, data verification, and completion of further technical studies. <h2 style="text-align: center;" data-start="0" data-end="74">Debt, Monetary Trends, and Gold Market Positioning</h2> <a href="https://www.theflyingfrisby.com/p/even-the-economist-thinks-gold-matters?utm_source=post-email-title&publication_id=741404&post_id=197969153&utm_campaign=email-post-title&isFreemail=true&r=2k0gk7&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">According to a May 17 commentary from Dominic Frisby,</a> perceptions around gold within mainstream financial discussions appeared to be changing. Frisby wrote that gold investors and "hard money obsessives" had historically been viewed as "harmless eccentrics" or "outright lunatics" by parts of the financial press, despite both gold and bitcoin reaching new highs. He highlighted a shift in tone after citing a review stating that "Gold still matters a lot." Frisby wrote that moving from descriptions such as a "barbarous relic" to broader acceptance represented "a significant development." <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_051926.html" target="_blank" rel="noopener">Stewart Thomson wrote on May 19 that commodity markets remained tied to broader structural economic themes.</a> Thomson stated that a "40-year commodities, inflation, and interest rate super cycle began in 2020" and argued that it was driven by "a major mismatch of demand and supply." Referencing comments by Jeff Currie, Thomson wrote that long-term market pressures stemmed from "a combination of outrageous global government debt and the rise from poverty of billions of Asian and African citizens." In the same report, Thomson discussed gold's role during periods of economic stress and debt concerns. He wrote that "There’s a breaking point where money managers no longer sell gold because it pays no interest in the West... and they begin buying gold because they realize global governments are losing the ability to pay what they owe." Thomson also stated that "What lies ahead is basically the 1970s on steroids, but as noted, patience is required and... patience is golden!" Additional commentary on May 19 focused on monetary conditions and debt markets. <a href="https://vongreyerz.gold/golds-clarity-in-a-twilight-zone-world?utm_campaign=163139794-2025%20-%20Newsletters&utm_medium=email&_hsenc=p2ANqtz--KnN0SuLzWKSAUfe6do2zrbbfOA9eTcH-x1rmyuXZcsXNMhA19pPaoKH02vCWZi57z2kcevTCxX0w0YXNsCZKLG69XNTskarFRjW76kyIAtD8FRic&_hsmi=136209042&utm_content=136209042&utm_source=hs_email" target="_blank" rel="noopener">According to Matthew Piepenburg of Von Greyerz, </a>"Global yields are rising because global trust in over-indebted IOUs is tanking at a dangerous pace." Piepenburg argued that rising borrowing costs and debt burdens were affecting currency markets and wrote that "This trend of fiat currency destruction explains the unprecedented, exponential rise in gold prices in recent years." Piepenburg also addressed gold's market behavior during periods of geopolitical uncertainty. While discussing early-year price movements, he stated that gold, as "the most valuable and liquid asset in times of crisis," had been "signaling its growing prominence in a changing monetary system." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:234e7102-4eed-467e-ac38-855f6d8d80b3-1" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:234e7102-4eed-467e-ac38-855f6d8d80b3-1" data-turn-id-container="request-WEB:234e7102-4eed-467e-ac38-855f6d8d80b3-1" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="f1fa92a1-fa50-49e8-ab2c-189a0bf344fb" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="qzovbs" data-start="0" data-end="94">Analysts Reviewed Permitting Milestones, Financing Transactions, and Development Schedules</h2> <a href="https://www.streetwisereports.com/article/2026/01/22/in-2026-gold-co-aims-to-move-flagship-project-to-construction.html?utm_medium=feed" target="_blank" rel="noopener">In a January 27 research report, Red Cloud Securities analyst Ron Stewart outlined several development activities anticipated for NexGold Mining Corp. during 2026</a>. These included an updated mineral resource estimate, a revised feasibility study, project financing initiatives, and a final investment decision related to the Goldboro project. Stewart wrote, "Goldboro will be the first cab off the rank, with Goliath to follow." The report also summarized activities completed during 2025. According to Stewart, NexGold advanced Goldboro through federal and provincial permitting processes, completed infill drilling work, and carried out additional drilling programs at Goliath. Stewart also detailed several financial transactions completed by the company, including repayment of a US$12 million debt facility, the repurchase of a net smelter returns royalty, the sale of a 2.9% royalty for US$24 million with an option to repurchase 1.9% within four years, and a bought-deal equity financing totaling CA$112.5 million. Red Cloud's Goldboro model estimated total production of 1.2 million ounces across an 11.3-year mine life, with an after-tax net present value discounted at 5% of CA$854 million and an internal rate of return of 52.7%. Stewart maintained a Buy rating and CA$4.30 target price at the time, noting the valuation included the Goldboro, Goliath, and Niblack projects. The report stated the shares were trading at approximately CA$1.78. Additional analyst coverage followed in the months afterward. On February 27, Stewart reiterated his Buy rating and issued a CA$4.20 target price. On March 26, National Bank Financial analyst Alex Terentiew initiated coverage with a Buy rating and a CA$6.00 target price. </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="168rdm" data-start="2760" data-end="2826">Development and Exploration Activities Continue Across Goliath</h2> <a href="https://nexgold.com/wp-content/uploads/2026/05/NEXG-Corporate-Presentation-May-2026.pdf" target="_blank" rel="noopener">According to NexGold's May 2026 investor presentation, </a>the company outlined additional activities underway at the Goliath Gold Complex as part of its 2026 development plans. [OWNERSHIP_CHART-1961] The company stated it is conducting a 25,000-meter infill drilling program at Goldlund designed to improve mineral resource definition at depth and expand open-pit mineral resources. NexGold also outlined additional exploration intended to discover and grow mineral resources across the broader property package. The investor presentation stated that environmental baseline and technical studies are being completed to support permitting efforts in collaboration with First Nations communities and local stakeholders. The company also noted it is evaluating several potential project plans and configurations as part of efforts to advance and de-risk the Goliath Gold Complex. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders own 2% of NexGold. Institutions and strategic investors, including Frank Giustra, who holds 5%, collectively own 66% of the company's shares. As of May 8, NexGold has 247.8 million shares issued and outstanding, with a market cap of CA$354.35 million. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>NexGold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexGold.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31249"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31249" width="0" height="0"> ( Companies Mentioned: NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE, ) NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE Tue, 26 May 2026 00:00:00 PST Minnesota Co. Announces Highest Grade Manganese Deposit in North America https://www.streetwisereports.com/article/2026/05/26/minnesota-co-announces-highest-grade-manganese-deposit-in-north-america.html Source: <a href="https://www.streetwisereports.com/article/2026/05/26/minnesota-co-announces-highest-grade-manganese-deposit-in-north-america.html?utm_medium=feed">Stewart Thomson 05/26/2026</a> Technical Analyst Stewart Thomson reviews Electric Metals (USA) Limited (EML:TSX.V; EMUSF:OTCQB) after it had launched a PEA engineering study for planned HPMSM and EMM processing facilities tied to its North Star manganese project.Electric Metals (USA) Limited (EML:TSX.V; EMUSF:OTCQB) is a United States-domiciled critical mineral and advanced material company developing the North Star manganese project. The company owns the Emily manganese deposit in Minnesota, considered the highest-grade manganese deposit in North America. Its fully U.S.-based North Star project includes a planned mine and downstream HPMSM/EMM processing plant supported by a NI 43-101 PEA. The company aims to establish a domestic supply of manganese products for EV batteries, energy storage, defense, and industrial markets at a time when the U.S. has no domestic manganese, HPMSM, or EMM production. Electric Metals views manganese as a strategic mineral critical to battery technology, infrastructure, specialty alloys, and advanced manufacturing. On May 12, the company announced it had launched a PEA engineering study for planned HPMSM and EMM processing facilities tied to its North Star manganese project, part of a strategy to establish a fully domestic U.S. manganese supply chain. HPMSM is used in lithium-ion batteries for EVs and energy storage, while EMM supports specialty steel, aluminum alloys, defense, and advanced technologies. Manganese is becoming increasingly important in next-generation battery chemistries due to its performance and cost advantages. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651494900_1.png" alt="" width="624" height="322" /> With no domestic production and high reliance on Chinese-controlled imports, the U.S. faces a critical manganese shortage. Electric Metals is addressing this by building a North Star supply chain — combining a Minnesota mine with a proposed Gulf Coast refinery to provide secure, domestic manganese for EVs. A 2025 PEA reported strong projected economics, including a US$1.39B post-tax NPV10%, 43.5% IRR, and 23-month payback over a 25-year mine life. The project targets an annual production of 180,331 tonnes of HPMSM, with an initial processing design of 100,000 tonnes of HPMSM and 10,000 tonnes of EMM annually, plus expansion potential. The study also outlines preliminary engineering, infrastructure planning, process design, and capital cost estimates, positioning the project as a strategic source of U.S. critical mineral supply for manufacturing and energy applications. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651494946_2.png" alt="" width="624" height="330" /> <h2 style="text-align: center;">An Expanding Investor Outreach </h2> Electric Metals (USA) Ltd. recently reported that it had engaged Euroswiss Capital Partners Inc. to enhance investor awareness in Europe through a 12-month consulting agreement (effective May 1, 2026), subject to TSX-V approval. The deal is part of a broader, multi-channel marketing approach designed to boost visibility in North America and Europe. <h2 style="text-align: center;">Northern Venture Group</h2> The company has also reported that it entered into a marketing services agreement (effective May 1, 2026) with Northern Venture Group (NVG) in accordance with TSX-V Policy 3.4. <h2 style="text-align: center;">US Market Listing Update</h2> The company's common shares are now quoted on the OTCQB under the ticker symbol EMUS, replacing the previous ticker symbol EMUSF. The ticker update was processed by the Financial Industry Regulatory Authority (FINRA) following the company's redomicile to the United States, resulting in the removal of the F suffix previously used to designate foreign issuers. <h2 style="text-align: center;">Selling Silver Assets to Focus on Manganese</h2> In March, the company announced it had agreed to sell its non-core Nevada subsidiaries, including the Corcoran and Belmont properties, to Ameerex Corporation for an initial US$300,000, aligning with its strategic focus on manganese projects. The transaction, effective Jan. 30, 2026, involves assets in Nye County, featuring both an advanced-exploration silver-gold property and a historically significant mining area. <h2 style="text-align: center;">Risks</h2> <ul> <li>Electric Metals is an early-stage developer with no current manganese production or operating cash flow.</li> <li>The North Star project requires significant financing, permitting, construction, and processing execution.</li> <li>Project economics are based on a preliminary economic assessment and remain subject to change.</li> <li>The company faces risks tied to commodity prices, cost inflation, technical challenges, and future share dilution.</li> <li>Future growth depends partly on EV adoption and demand for battery materials and specialty metals.</li> </ul> <h2 style="text-align: center;">Shares Outstanding</h2> <ul> <li>200.76 million</li> </ul> <h2 style="text-align: center;">Significant Shareholders</h2> <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651495106_3.png" alt="" width="461" height="400" /> <figcaption>Source: simplywall.st</figcaption> </figure> <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651495124_4.png" alt="" width="624" height="266" /> <figcaption>Source: simplywall.st</figcaption> </figure> <h2 style="text-align: center;">Technical Observations & Analysis</h2> Figure 1: Electric Metals (EML.V) Monthly Price & Volume Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651495147_5.png" alt="" width="624" height="469" /> Analysis: <ul> <li>Volume is rising with price rallies and falling on dips; bullish.</li> <li>A multi-year inverse H&S pattern is in play. Initial targets are CA$0.45 and CA$0.60, and then CA$1.00</li> </ul> Figure 2: Electric Metals (EML.V) Weekly Price & Volume Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651495200_6.png" alt="" width="624" height="372" /> Analysis: <ul> <li>Volume is bullish, rising on price rallies and falling on dips.</li> <li>The price has pulled back to significant support at CA$0.25-CA$0.21 and is rising from the support.</li> </ul> Figure 3: Electric Metals (EML.V) & CDNX (venture stocks index) Comparison Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651495220_7.png" alt="" width="624" height="552" /> Analysis: <ul> <li>Electric Metals is rallying when the CDNX rallies… and outperforming it on the rallies.</li> </ul> Figure 3: Electric Metals (EML.V) Daily Chart Momentum & Money Flow Indicators <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202651495235_8.png" alt="" width="624" height="662" /> Analysis: <ul> <li>The RSI momentum oscillator exhibits a bullish divergence with the price; bullish.</li> <li>The MFI (Money Flow Index) shows the same bullish divergence.</li> <li>The CMF (Chaikin Money Flow) indicator has turned positive.</li> </ul> Stock Price at Time of Writing (May 14, 2026): Approx. CA$0.29 Short-Term Technical Price Target: CA$0.45 Medium-Term Technical Price Target: CA$0.60 Long-Term Technical Price Target: CA$1.00 Technical Rating: Speculative Buy <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li> <div>For this article, Electric Metals (USA) Limited has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</div> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Electric Metals (USA) Limited.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31208"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31208" width="0" height="0"> ( Companies Mentioned: EML:TSX.V; EMUSF:OTCQB, ) Tue, 26 May 2026 00:00:00 PST A High-Grade Gold System Begins to Reawaken in James Bay https://www.streetwisereports.com/article/2026/05/22/a-high-grade-gold-system-begins-to-reawaken-in-james-bay.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/a-high-grade-gold-system-begins-to-reawaken-in-james-bay.html?utm_medium=feed">John Newell 05/22/2026</a> John Newell of John Newell & Associates says Lux Metals Corp.'s (LXM:TSXV; BBBMF:OTCMKTS) La Grande project hosts a high-grade James Bay gold system with major speculative upside.Every major bull market in the junior mining sector eventually rotates into overlooked exploration stories with real geological substance. Early in the cycle, investors typically crowd into producers and developers. Later, capital begins searching for discovery leverage, particularly companies with strong projects that spent years sitting dormant while the market ignored them. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655044_1.png" alt="" width="454" height="285" /> That may now be starting to happen with Lux Metals Corp (LXM:TSXV; BBBMF:OTCMKTS), formerly Huntsman Exploration. The company has quietly repositioned itself around the La Grande Gold Project in Quebec's James Bay region, a large district-scale land package hosting a historically drilled high-grade gold system with more than 52,000 meters of historical drilling and strong infrastructure. As the attached chart illustrates, Lux has also begun to emerge technically from a multi-year base, at the same time, the broader TSX Venture Exchange is showing signs of life again. <h2 style="text-align: center;">About the Company</h2> Lux Metals Corp. is a TSX Venture-listed exploration company focused on advancing high-quality Canadian gold assets. The company's flagship asset is the La Grande Gold Project located in the James Bay region of Quebec, complemented by the earlier-stage Lux Lake Project in Saskatchewan. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655155_2.png" alt="" width="475" height="369" /> The La Grande Project covers approximately 15,357 hectares across a 40-kilometer Archean greenstone belt and is strategically positioned along the contact between the La Grande and Opinaca geological subprovinces. The project benefits from strong infrastructure, including all-season road access via the Transtaiga Road, nearby hydroelectric power, and proximity to existing mining infrastructure, including Newmont Corp.'s (NEM:NYSE; NGT:TSX; NEM:ASX) Éléonore Mine. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655231_3.png" alt="" width="462" height="358" /> What makes La Grande particularly interesting is that this is not a grassroots exploration concept. Historical operators, including Virginia Gold Mines and later Osisko James Bay, completed extensive drilling programs that outlined a large shear-hosted gold system centered around Zone 32. Historical drilling defined mineralization over approximately 600 meters of strike length and to depths exceeding 350 meters, while remaining open in all directions. Some of the standout historical intercepts include: <ul> <li>83.8 meters grading 7.95 g/t gold</li> <li>38.5 meters grading 4.32 g/t gold</li> <li>36.0 meters grading 3.37 g/t gold</li> </ul> The NI 43-101 technical report notes that historical estimates completed between 1999 and 2011 collectively suggested between 3 and 5 million tonnes grading approximately 1.8–2.6 g/t gold with additional copper credits, representing roughly 280,000 to 320,000 ounces of gold. Importantly, the broader property remains underexplored. Significant undrilled trenches, gold anomalies, and parallel structures extend across the 40-kilometer greenstone belt package. Management is currently planning a 5,000-meter drill program designed to expand known mineralization at Zone 32, increase drill density toward a future resource estimate, and test additional parallel structures. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655310_4.png" alt="" width="466" height="340" /> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655434_5.png" alt="" width="486" height="370" /> <h2 style="text-align: center;">Why the Story May Matter More Today</h2> One aspect of the Lux story that stands out is how long this ground remained overshadowed by nearby discoveries and development projects in James Bay. History in the mining sector often shows that once a major discovery is made in a district, surrounding land packages initially receive very little attention. Investors and companies tend to focus almost entirely on the primary discovery while nearby structures and geological extensions remain underexplored for years. The Éléonore discovery itself followed a similar pattern. Virginia Gold Mines advanced the project for years before it eventually became one of the most important gold discoveries in Quebec and was later acquired by Goldcorp. Lux now controls a large land package located within the same broad geological architecture. The historical drilling, structural setting, and emerging technical pattern suggest the market may be beginning to revisit the significance of this overlooked ground. <h2 style="text-align: center;">Share Structure and Valuation</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655603_7.png" alt="" width="481" height="212" /> Lux Metals currently has a relatively tight share structure for a company controlling a large historical gold system in a major Canadian jurisdiction. The company recently launched a financing priced at CA$0.20 per share with a full warrant exercisable at CA$0.40. The financing is intended to support drilling, data verification, structural interpretation, and future exploration advancement at La Grande. At current valuation levels, Lux remains firmly in the underfollowed category relative to many better-known James Bay exploration stories. For speculative investors, this is often where some of the largest percentage moves historically originate, particularly when technical momentum and renewed exploration activity begin converging. <h2 style="text-align: center;">Technical Analysis: Point of Recognition</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202652655630_8.png" alt="" width="505" height="461" /> The updated chart on Lux Metals continues to show constructive technical behavior. After spending several years in a prolonged corrective and accumulation phase, the shares have now broken above a major horizontal resistance zone that capped prices throughout much of 2023 and 2024. The stock is currently retesting that breakout area from above; a pattern often associated with the early stages of a larger trend reversal. What stands out visually is the symmetry between the steep decline from 2021 into early 2023 and the current recovery pattern now unfolding. The annotation on the chart, "Same way down, same way up?", captures the fractal-like structure developing in the shares. Junior mining stocks frequently recover in a mirrored fashion once liquidity and speculative interest begin returning to the sector. Technically, Lux appears to be entering what I often describe as the Point of Recognition phase, where investors begin recognizing the transition from accumulation toward an emerging uptrend. The first upside target near CA$0.22 has already been met. Above that, the chart projects additional staged targets at: <ul> <li>Second Target: CA$0.40</li> <li>Third Target: CA$0.60</li> <li>Big Picture Target: CA$1.15</li> </ul> The larger CA$1.15 target would effectively represent a full retracement of the prior multi-year decline should the current structure continue unfolding. Volume trends also remain encouraging. Trading activity has steadily expanded during advances, while momentum indicators such as RSI and MACD continue improving without yet reaching extreme overbought conditions. The longer-term moving averages are beginning to flatten and turn upward, reinforcing the possibility that a major trend change may now be underway. <h2 style="text-align: center;">Conclusion: An Underfollowed James Bay Gold Story</h2> Lux Metals Corp. is still early in its rebuilding phase, but several important pieces are beginning to align. The company controls a large, historically drilled high-grade gold system in one of Canada's most important mining jurisdictions. It has infrastructure, historical drilling, a modern technical review, a planned drill program, and a chart that is beginning to attract attention again. In our view, Lux represents the type of overlooked junior exploration company that can perform exceptionally well during the early stages of a renewed CDNX and precious metals cycle. The combination of a modest valuation, improving technical structure, district-scale geology, and renewed exploration activity gives the shares meaningful speculative leverage to both gold prices and renewed investor interest in the junior exploration sector. Based on the combination of project quality, technical structure, and exploration upside, I continue to rank Lux Metals Corp. as a Speculative Buy at current levels. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lux Metals Corp.</li> <li>John Newell: I, or members of my immediate household or family, own securities of: Lux Metals Corp. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31271"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31271" width="0" height="0"> ( Companies Mentioned: LXM:TSXV;BBBMF:OTCMKTS, ) Fri, 22 May 2026 00:00:00 PST Space: The Final Frontier https://www.streetwisereports.com/article/2026/05/22/space-the-final-frontier.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/space-the-final-frontier.html?utm_medium=feed">Ron Struthers 05/22/2026</a> Ron Struthers of Struthers Resource Stock Report shares one stock he believes you might want to hold on to as we await the Space X IPO.I have been a Star Trek fan since I was a child and have always found space exploration fascinating. The investment world has gone bonkers lately as the SpaceX IPO approaches. It is the biggest IPO in history and will probably happen sometime in June. Perhaps the market is going to be held up until this IPO is completed. It means massive fees for the Banksters. <h2 style="text-align: center;">MDA Space </h2> Recent Price - CA$58.20 Entry Price - CA$40.45 Opinion – Hold I have highlighted MDA Space Ltd. (MDA:TSX; MDA:NYSE) as a Buy several times in the last couple of months, with the latest on <a href="https://playstocks.substack.com/p/tale-of-two-cities-fantasy-and-reality">April 20 with a Buy on Weakness</a>, and the stock did temporarily drop to CA$41. Now it is time to ride the profits. It will probably run up into the SpaceX IPO. The stock has been moving higher since they announced their new high-volume satellite manufacturing facility in Montreal on May 8. This marks a defining milestone in the company's growth as a satellite prime contractor. The 185,000-square-foot expansion was completed in under two years, from groundbreaking to operational clean rooms. One of the world's largest and most advanced satellite manufacturing facilities in its class, the new facility doubles the company's manufacturing floor space, providing MDA Space the capacity and capability to meet the growing global demand for advanced satellite constellations. The facility is specially designed to simultaneously and continuously assemble, integrate, and test multiple MDA Aurora satellites, the company's flagship line of digital satellite products. Designed to meet the changing and highly competitive technical and business requirements of the industry, the fully integrated MDA Aurora portfolio provides satellite operators with exceptional flexibility and functionality. These software-defined, dynamic beamforming satellites provide a new level of performance and efficiency in space-based networks for customers. <h2 style="text-align: center;">Mda Claims a New Era in Canadian Space Manufacturing</h2> Augmented reality and automated equipment aid technicians with repetitive tasks, significantly improving manufacturing efficiency to enable the delivery of satellites at speed and scale. In addition, MDA Space has developed a proprietary test chamber and has integrated advanced technology that reduces validation time and enhances quality assurance processes. Beyond this expansion, the facility represents a fundamental shift in how MDA Space operates. New engineering and manufacturing processes, as well as performance data collection mechanisms, have been established to maximize efficiency and agility, building the operational foundation required to take on and deliver constellation programs and up to 400 satellites per year. In a Financial Post article today. They highlight that MDA has identified a US$40 billion pipeline of global opportunities over the next five years as countries enhance their sovereign space technologies amid rising geopolitical tensions. "Canada's only so big. A necessary part of our company's future is to be able to export to the U.S., as well as Europe and the rest of the world," said MDA chief executive officer Mike Greenley. Canada accounts for 63% of MDA's revenue, while the U.S. and Europe contribute 30% and 5%. Mr. Greenley said he wants U.S. and European markets to make up a much larger share, and the company will likely set up subsidiaries there via acquisitions. At the <a href="https://usgif.org/geoint-symposium-2026/" target="_blank" rel="noopener">GEOINT Symposium</a> in early May, MDA Space finalized nine early customer contracts for data from MDA Chorus, its next-generation Earth observation constellation expected to launch in late 2026. In addition, the company has received 32 letters of interest from customers across Asia Pacific, Latin America, Europe, North America, and the Middle East. On the chart, we have a clear breakout above CA$49, and we are in uncharted territory. Buckle up your seat belts as the warp drive takes hold. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026522123422_u.png" alt="" width="830" height="543" /> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Ron Struthers: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Struthers Resource Stock Report Disclosures All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31265"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31265" width="0" height="0"> ( Companies Mentioned: MDA:TSX;MDA:NYSE, ) Fri, 22 May 2026 00:00:00 PST Gold Resource Swells Past 8.6 Million Ounces as Yukon Project Advances Toward Maiden PEA https://www.streetwisereports.com/article/2026/05/22/gold-resource-swells-past-8-6-million-ounces-as-yukon-project-advances-toward-maiden-pea.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/gold-resource-swells-past-8-6-million-ounces-as-yukon-project-advances-toward-maiden-pea.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB) reported an updated NI 43-101 Mineral Resource Estimate for its AurMac Project in Yukon.Banyan Gold Corp. (BYN:TSX.V; BYAGF:OTCQB; ) announced<a href="https://banyangold.com/news-releases/2026/banyan-expands-indicated-and-inferred-mineral-resource-estimate-and-improves-grade-at-aurmac-deposit-yukon-canada/" target="_blank" rel="noopener"> an updated Mineral Resource Estimate for its AurMac Project in Yukon Territory, Canada, prepared in accordance with NI 43-101 standards. </a>The updated estimate incorporated an additional 42,000 meters from 178 diamond drill holes completed within the Airstrip and Powerline deposits. According to the company, the updated Mineral Resource Estimate will support an upcoming Preliminary Economic Assessment expected in the second half of 2026. The updated Mineral Resource Estimate includes an Indicated Mineral Resource of 3.64 million ounces of gold contained within 167.3 million tonnes grading 0.68 g/t gold, along with an Inferred Mineral Resource of 4.98 million ounces of gold contained within 267.2 million tonnes grading 0.58 g/t gold. Banyan also highlighted a higher-grade portion of the deposit at a 0.55 g/t gold cut-off grade, which contains an Indicated Mineral Resource of 2.45 million ounces grading 1.00 g/t gold and an Inferred Mineral Resource of 2.72 million ounces grading 0.96 g/t gold. The company reported that the Indicated Mineral Resource increased 60% in contained ounces compared to the 2025 Mineral Resource Estimate, while the overall indicated grade increased 8%. At the Airstrip deposit, the Indicated Mineral Resource increased 38% in contained ounces, and the Inferred Mineral Resource increased 65% in contained ounces with an 11% grade increase. Banyan also stated that the Powerline deposit now contains an Indicated Mineral Resource of 2.80 million ounces grading 0.67 g/t gold, representing a 68% increase with a 10% grade increase. At a 0.25 g/t gold cut-off grade, Banyan reported a combined Indicated Mineral Resource of 3.93 million ounces grading 0.61 g/t gold and an Inferred Mineral Resource of 5.72 million ounces grading 0.51 g/t gold. The company stated that the deposits remain open in all directions and at depth. "This is an important achievement for Banyan and our shareholders. More ounces, more indicated ounces, and a higher overall grade, demonstrating consistent performance across all metrics," <a href="https://banyangold.com/news-releases/2026/banyan-expands-indicated-and-inferred-mineral-resource-estimate-and-improves-grade-at-aurmac-deposit-yukon-canada/" target="_blank" rel="noopener">stated Tara Christie, President and CEO, in the company news release</a>. Christie added that, "With the updated Mineral Resource report completed, the focus now shifts to the forthcoming maiden PEA, which will showcase the economic potential of AurMac." According to the company, the effective date of the Mineral Resource Estimate is May 15, 2026. The estimate was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal of Ginto Consulting Inc., who is identified as an independent Qualified Person under NI 43-101. Banyan stated that a supporting technical report will be filed on SEDAR within 45 days of the release. The company also reported that the Airstrip deposit is delineated by 243 drill holes, representing an increase of 92 holes from the June 2025 Mineral Resource Estimate, while the Powerline deposit is based on 680 diamond drill holes, representing an increase of 80 holes from the prior estimate. Banyan stated that mineralization at Airstrip is predominantly hosted in calcareous metasedimentary packages, while mineralization at Powerline is predominantly hosted in quartz veins cross-cutting lithology. Banyan stated that gold grade estimation at Airstrip and Powerline used the Ordinary Kriging method with block dimensions of 10 meters by 10 meters by 5 meters. The company reported that quality assurance and quality control procedures included the insertion of certified reference materials, field duplicates, and coarse blanks into the sample stream, with analytical work completed by Bureau Veritas laboratories. The company stated that all control samples were within accuracy and precision thresholds required to meet data quality standards and that no significant QA/QC issues were identified during review of the data. <div class="text-base my-auto mx-auto [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" data-message-author-role="assistant" data-message-id="1f851987-d385-4f90-8b84-a2d8a1e03453" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="t04ga9" data-start="0" data-end="48">Central Banks, Inflation, and Technical Signals Support Gold Narrative</h2> <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_051926.html" target="_blank" rel="noopener">According to Stewart Thomson's May 19 commentary, </a>the gold sector continued to be framed within a broader commodities cycle influenced by supply and demand imbalances, inflationary pressures, and rising global debt levels. Thomson stated that "this cycle is all about a major mismatch of demand and supply," while also attributing the long-term trend to "outrageous global government debt" and increasing wealth across Asia and Africa. He further wrote that "a daily focus on the big picture is critical for investors as inflation, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape." In a May 20 commentary from the What's Chen Buying? What's Chen Selling? newsletter, Chen Lin discussed recent trading activity in the precious metals market and characterized recent price movements as constructive from a technical standpoint. Lin wrote that silver had "tested the support line and we had a bounce," while describing a rapid move in gold prices on the Shanghai Futures Exchange as "basically taking out all the stop orders." He added, "These are good signs of bottoming." <a href="https://vblgoldfix.substack.com/p/gold-price-forecast-constructive-e33?utm_source=post-email-title&publication_id=456345&post_id=198675841&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">A May 21 report from deVere Group stated that the outlook for gold prices remained "constructive" despite short-term pressures in the market</a>. The report referenced ING commodities strategist Ewa Manthey, who said that long-term structural support factors for gold continued to remain intact. According to the report, central bank gold demand increased 17% during the first quarter, while the People's Bank of China added eight tonnes of gold reserves in April. The report also stated that flows into gold-backed exchange-traded funds turned positive in April following outflows recorded in March. The deVere Group report additionally cited independent analyst Ross Norman, who stated, "The motivation for central banks to acquire gold is arguably stronger than ever, and events in the Middle East will only have amplified a sense of vulnerability to dollar assets. In short, gold looks positive but in a more measured way." The report further stated that gold-backed ETFs added US$6.6 billion during April, with holdings increasing by 45 tonnes, which the report said reflected renewed institutional exposure following the March sell-off. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:5e5bbb4c-6dbb-4a3d-830c-02c193e869be-21" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:5e5bbb4c-6dbb-4a3d-830c-02c193e869be-21" data-turn-id-container="request-WEB:5e5bbb4c-6dbb-4a3d-830c-02c193e869be-21" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="8b60dcf7-1879-4446-b503-c7d41b8fac84" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-section-id="1xyl26c" data-start="0" data-end="55">Analysis Points to Resource Growth and PEA Milestones</h2> According to a May 19 research note from Paradigm Capital analysts Don Blyth, Don MacLean, Lauren McConnell, and Hank Lorimer, Banyan Gold's updated Mineral Resource Estimate represented a "positive updated Mineral Resource Estimate (MRE)" for the AurMac project. The analysts wrote that total resources increased "to 8.62Moz @ 0.62 g/t, using a 0.3 g/t cut-off," which they stated represented "a 12% increase in contained gold." The Paradigm Capital report also focused on the higher-grade resource at a 0.55 g/t cut-off, stating that "total resources (all categories) have increased to 5.17Moz @ 0.98 g/t." The analysts added that indicated resources at the higher cut-off "now stand at 2.45Moz @ 1.00 g/t, representing a 73% increase in contained ounces and 5% in average grade versus the 2025 MRE indicated resources." In the May 19 note, the analysts stated that "this updated MRE will feed into the Preliminary Economic Assessment (PEA) expected to be completed in H2/26." They also wrote, "We view this as a positive MRE update. We had hoped to see at least 5Moz of total resources @ ~1 g/t (at the 0.55 g/t cut-off) and Banyan delivered 5.17Moz @ 0.98 g/t." Paradigm Capital maintained a "Speculative Buy" rating on Banyan Gold and updated its target price to CA$3.00 from CA$2.00. The report stated, "We maintain our Speculative Buy rating." According to the same May 19 research note, Paradigm Capital estimated that Banyan was trading at "0.12x P/NAV" based on its base-case assumptions. The analysts also wrote that "we continue to expect the entire development sector multiple to lift as the M&A cycle shifts into high gear." <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/banyan-gold-tiger-gold/" target="_blank" rel="noopener">In a May 20 commentary for Gold Advisor, Jeff Valks wrote that Banyan Gold's updated Mineral Resource Estimate delivered "more ounces, better confidence, and a cleaner runway toward the maiden PEA expected in the second half of 2026." </a>Valks stated that the updated estimate incorporated "an additional 42,000 meters across 178 diamond drill holes at Airstrip and Powerline." The commentary highlighted AurMac's updated resource at a 0.30 g/t gold cut-off, including "Indicated: 3.64 million ounces of gold from 167.3 million tonnes grading 0.68 g/t gold" and "Inferred: 4.98 million ounces of gold from 267.2 million tonnes grading 0.58 g/t gold." Valks also wrote that "the indicated category grew 60% in contained ounces, with an 8% grade increase." Discussing the higher-grade component of the resource, Valks wrote that "AurMac still shows a meaningful higher-grade subset at the 0.55 g/t gold cut-off: 2.45 million indicated ounces at 1.00 g/t gold and 2.72 million inferred ounces at 0.96 g/t gold." He added that "for the upcoming PEA, that gives Banyan more flexibility when thinking about mine sequencing, starter pits, and which rock might carry the best early economics." The May 20 commentary also referenced comments from Banyan President and CEO Tara Christie, stating that AurMac was growing "in size, confidence, and quality," while noting that "focus now shifts to the maiden PEA." Valks further wrote, "This stock remains a strong Buy," and stated that Banyan had "a larger indicated base, better grade, an ongoing 70,000-meter drill program, and six drills turning." </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> <h2 style="text-align: center;" data-section-id="13l62i" data-start="3935" data-end="3986">Upcoming Work Programs and Project Developments</h2> Banyan stated that a 70,000-meter drill program is ongoing at AurMac during 2026, with up to six drills operating at the project and more than 21,000 meters completed to date. The company noted in its corporate presentation that more than 23,000 meters had been completed as of May 2026. <a href="https://banyangold.com/site/assets/files/4671/banyan_corporate_presentation.pdf" target="_blank" rel="noopener">According to the company, the forthcoming Preliminary Economic Assessment for AurMac remains expected in the second half of 2026</a>. Banyan stated that the updated Mineral Resource Estimate is intended to support the study and that the deposits remain open for potential expansion along the edges of the deposit and below the conceptual pit. The company's corporate presentation stated that the AurMac Project benefits from existing roads and hydroelectric power infrastructure, existing baseline environmental data, and settled First Nation agreements. Banyan also reported average gold recoveries of 93% using gravity and leach processing methods and 84% recovery at 100 micron grind size using gravity and flotation methods. [OWNERSHIP_CHART-7310] Banyan additionally highlighted ongoing exploration activities at its Nitra Gold Project, located approximately 10 kilometers west of the AurMac property. The company stated in the corporate presentation that the Nitra property covers 423 square kilometers, is road accessible, contains known intrusions at surface, and includes more than six active placer mines. The company also referenced its Hyland Gold Project in Yukon, which has an updated 2025 Mineral Resource Estimate containing an Indicated Mineral Resource of 337,000 ounces of gold and 2.63 million ounces of silver, along with an Inferred Mineral Resource of 118,000 ounces of gold and 863,000 ounces of silver. <h2 style="text-align: center;" data-start="5521" data-end="5870">Ownership and Share Structure1</h2> 5.92% of Banyan Gold is held by Institutions. Management and Insiders own 5.47%. The rest is retail. The company has a market cap of CA$432.39, 428.56 million outstanding shares, and a 52-week range of CA$0.21 - CA$1.64. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31262"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31262" width="0" height="0"> ( Companies Mentioned: BYN:TSX.V;BYAGF:OTCQB;, ) Fri, 22 May 2026 00:00:00 PST 10,000-Meter Drill Push Targets Expanding Gold Corridors in Guinea https://www.streetwisereports.com/article/2026/05/22/10-000-meter-drill-push-targets-expanding-gold-corridors-in-guinea.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/10-000-meter-drill-push-targets-expanding-gold-corridors-in-guinea.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) reported preparations for a combined 10,000-meter drilling campaign at Daina and Bantabaye, alongside new auger and geophysical results from Diguifara in Guinea.Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) announced <a href="https://sanugoldcorp.com/news/sanu-gold-to-commence-10000-meter-drill-programme-at-daina-and-bantabaye-q1-auger-and-ip-programs-define-new-targets-at-diguifara/" target="_blank" rel="noopener">preparations for a 10,000-meter combined aircore and reverse circulation drilling campaign across its Daina and Bantabaye properties in Guinea, while also reporting recent auger and induced polarization survey results from its Diguifara property.</a> According to the company, preparations are underway for a 5,000-meter AC/RC drilling program at the Daina property. The company stated that recent auger sampling and induced polarization geophysics expanded mineralized trends at Daina 1, Daina 2, and Daina 3, defining strike lengths of up to 8.4 kilometers, 3.6 kilometers and three kilometers, respectively. Sanu Gold reported anomalous gold results, including auger intercepts up to six meters at 2.31 grams per tonne gold and rock chip samples up to 34.91 g/t Au (gold). At Bantabaye, Sanu Gold said access preparations are well advanced for a 5,000-meter AC/RC drilling program and a 3,000-meter auger sampling program. The drilling campaign at Bantabaye South will target targets 9 and 10 along an approximately eight-kilometer structural corridor. The company stated that rock chip sampling near target 10 returned anomalous gold values, including 48.2 g/t, 7.58 g/t, and five g/t Au. Sanu Gold also outlined previous drilling results from Bantabaye North, where the company stated that target 2 extends over a 500-meter strike length and remains open along strike and downdip. Previously reported drill intercepts included 15 meters at 11.4 g/t Au, including four meters at 41.2 g/t Au in hole BANT-RC-002, and three meters at 9.86 g/t Au, including one meter at 26.35 g/t Au in hole BANT-RC-036. The company also reported trenching results at target 7 that returned 80 meters at 1.6 g/t Au and 40 meters at 1.2 g/t Au. At the Diguifara property, Sanu Gold completed a 4,900-meter auger drilling program during the first quarter of 2026, consisting of 432 auger holes across targets 5 and 6. The company stated that the work identified a two-kilometer corridor of gold-bearing saprolite anomalies defined at greater than 100 parts per billion gold. Reported auger intervals included eight meters at 2.23 g/t Au, eight meters at 1.74 g/t Au, and eight meters at 0.61 g/t Au. The company also completed a 106-line-kilometer induced polarization survey across targets 5 and 6 at Diguifara. According to Sanu Gold, interpretation of the survey identified geophysical trends aligned with known geology, structures, termite mound anomalies, and auger geochemistry trends. <a href="https://sanugoldcorp.com/news/sanu-gold-to-commence-10000-meter-drill-programme-at-daina-and-bantabaye-q1-auger-and-ip-programs-define-new-targets-at-diguifara/" target="_blank" rel="noopener">Martin Pawlitschek, president and chief executive officer of Sanu Gold, stated in the company news release:</a> "Sanu Gold is pleased to be mobilizing AC/RC drill rigs to Daina and Bantabaye, where up to 5,000 m of target drilling will be completed on each project. At Bantabaye, targets 9 and 10, located along an eight-kilometer structural corridor at Bantabaye South, represent a potential extension beyond the initial drilling at Bantabaye North." Pawlitschek added: "Similarly, at Daina, the largely untested and newly defined extensions and parallel structures at Daina 1, Daina 2 Northeast, and Daina 3 could expand the currently defined mineralized trends. In addition, recent work at Diguifara has identified additional targets and highlights additional exploration opportunities across the portfolio. Sanu is well-positioned and fully funded to advance these targets at Daina, Bantabaye, and Diguifara." <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="6921dbf8-f00e-456d-bce6-9e2a734c5718" data-message-model-slug="gpt-5-5-thinking" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="22">Gold Market Trends and Precious Metals Demand</h2> <a href="http://www.321gold.com/editorials/thomson_s/thomson_s_051926.html" target="_blank" rel="noopener">According to Stewart Thomson's May 19 commentary,</a> the gold sector was being viewed through a longer commodities cycle tied to supply, demand, debt, and inflation pressures. Thomson wrote that "this cycle is all about a major mismatch of demand and supply," and stated that the long-term cycle was driven mainly by "outrageous global government debt" and rising wealth among billions of Asian and African citizens. He also wrote that "a daily focus on the big picture is critical for investors as inflation, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape." In a May 19 note from Chen Lin of the What's Chen Buying? What's Chen Selling? newsletter, Lin described recent price action in precious metals as technically constructive. He wrote that silver "tested the support line and we had a bounce," and said that a brief, sharp move in gold on the China SHFE was "basically taking out all the stop orders." Lin added, "These are good signs of bottoming." <a href="https://vblgoldfix.substack.com/p/gold-price-forecast-constructive-e33?utm_source=post-email-title&publication_id=456345&post_id=198675841&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">According to a May 21 report from deVere Group, the outlook for gold prices remained "constructive" despite near-term headwinds.</a> The report cited Ewa Manthey, commodities strategist at ING, who said the long-term structural supports for gold remained in place. The report stated that central bank demand for gold grew 17% in Q1, while the People's Bank of China added eight tonnes of gold in April. It also noted that gold-backed ETF flows turned positive in April after March outflows. The deVere Group report also cited independent analyst Ross Norman, who said, "The motivation for central banks to acquire gold is arguably stronger than ever, and events in the Middle East will only have amplified a sense of vulnerability to dollar assets. In short, gold looks positive but in a more measured way." The report further stated that gold-backed ETFs added US$6.6 billion in April and increased holdings by 45 tonnes, which it said indicated renewed institutional exposure after the March sell-off. </div> </div> </div> </div> <h2 style="text-align: center;" data-section-id="8ffvm6" data-start="3484" data-end="3534">Planned 2026 Drilling and Exploration Programs</h2> <a href="https://sanugoldcorp.com/investors/" target="_blank" rel="noopener">Sanu Gold's investor presentation outlined several key projects</a>. At Daina, Sanu Gold stated that access track and drill pad preparations are underway for up to 5,000 meters of RC and AC drill testing across newly defined targets and extensions. The company said the drill program is intended to test extensions of auger geochemistry-defined targets across the project. At Bantabaye North, Sanu Gold reported that a 3,000-meter auger sampling program is currently underway across undrilled portions of the four-kilometer Bantabaye thrust corridor. The company stated that the objective is to identify higher-grade segments of the structure for future RC and AC drill testing. Access preparations for the auger program began in early April, and the company stated that 3,000 meters of AC sampling is planned to follow in mid-2026. At Bantabaye South, Sanu Gold stated that access preparation and line clearing activities are in progress to support both the planned AC/RC drill campaign and the extension of induced polarization survey grids. The company said a 5,000-meter AC and RC drilling program is scheduled to commence in late May as the initial phase of drill testing at targets 9 and 10, expected in mid-2026. [OWNERSHIP_CHART-10892] At Diguifara, the company stated that interpretation of auger and IP survey results is continuing to evaluate the significance of newly defined mineralized trends. Sanu Gold said planning is underway for follow-up AC and RC drilling programs and that additional geochemical and geophysical programs are being considered to support future drill targeting across the project area. The company's January 2026 corporate presentation stated that Sanu Gold's three projects in Guinea's Siguiri Basin comprise a combined 28,000-hectare land package and that the company completed 17,801 meters of drilling in 2025, with RC drilling planned to commence in the first quarter of 2026. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders own around 11% of Sanu Gold, with another 17% being held by institutions and high net worth individuals. Strategic entities hold 45.1%. The rest is held by retail investors.  The market cap for Sanu Gold is CA$120 million with 431.4 million ordinary shares outstanding. The 52-week range for the stock is CA$0.21 and CA$0.39. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31260"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31260" width="0" height="0"> ( Companies Mentioned: SANU:CSE;SNGCF:OTCQB;L73:FRA, ) Fri, 22 May 2026 00:00:00 PST The Race to Keep Military Drones Powered Just Took a Major Step Forward https://www.streetwisereports.com/article/2026/05/22/the-race-to-keep-military-drones-powered-just-took-a-major-step-forward.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/the-race-to-keep-military-drones-powered-just-took-a-major-step-forward.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Red Cat Holdings Inc. (RCAT:NASDAQ) acquired Quaze Technologies to expand wireless power transfer capabilities for drones, autonomous systems and robotics platforms.Red Cat Holdings Inc. (RCAT:NASDAQ) announced <a href="https://ir.redcatholdings.com/news-events/press-releases/detail/226/red-cat-closes-acquisition-of-quaze-technologies" target="_blank" rel="noopener">the acquisition of Quaze Technologies Inc., a Québec-based developer of wireless power transfer technology for unmanned systems, drones, and autonomous machines, according to a May 20 company news release.</a> Quaze will operate as an independent Red Cat business unit and will continue developing its wireless power architecture for integration across Red Cat's Family of Systems while maintaining a platform-agnostic model supporting third-party OEMs across air, ground, and maritime domains. According to the company, the acquisition was intended to address power-related limitations in robotic autonomy. The release stated that many unmanned systems continue to rely on manual battery swaps or connector-based charging systems that can be difficult to deploy in contested or harsh environments. Quaze's technology enables autonomous recharging capabilities intended to extend mission duration while reducing operator burden and exposure. At the center of Quaze's platform is its QU6 electronic architecture, which allows large surfaces to function as wireless energy access points and can be embedded across multiple platforms and environments. The company stated that the system does not require precise alignment, physical connectors, or direct contact between the transmitter and receiver, allowing systems to access power in the presence of debris, sand, ice, or snow. Red Cat also stated that the elimination of moving mechanical parts reduces failure points and supports operation in field conditions where conventional charging systems may be less effective. "Autonomous systems are only as effective as their ability to stay in the fight," <a href="https://ir.redcatholdings.com/news-events/press-releases/detail/226/red-cat-closes-acquisition-of-quaze-technologies" target="_blank" rel="noopener">said Jeff Thompson, CEO of Red Cat, in a company news release.</a> "Quaze gives us a critical advantage by removing one of the biggest operational constraints, which is how systems recharge in the field." The company stated that Quaze's technology can be deployed across vehicle-mounted systems, drone-in-a-box solutions, uncrewed surface vessels, fixed infrastructure, and underwater charging stations. Red Cat said this supports operational concepts including vehicle-based "mothership" deployments, distributed charging networks, and persistent operations across terrain, borders, infrastructure corridors, and maritime environments. Red Cat stated that the acquisition also expands its addressable market through a new revenue channel beyond its own platforms. According to the release, Quaze's technology is designed for integration into third-party systems as an embedded power capability across robotics platforms. "Robotics has made major advances in autonomy and intelligence, but energy has remained a limiting factor," said Xavier Bidaut, Co-founder of Quaze Technologies, in the release. "Our goal is to make power as accessible and reliable as fuel is for traditional vehicles and something every drone or robot can tap into, anywhere, without friction." The company stated that Quaze's technology has been demonstrated across aerial drones, ground systems, and autonomous underwater vehicles and is currently being evaluated for dual-use applications. <h2 style="text-align: center;" data-start="0" data-end="96">Drone and Unmanned Systems Sector Continues Expanding Across Defense and Commercial Applications</h2> <a href="https://www.fortunebusinessinsights.com/tactical-uav-market-115962" target="_blank" rel="noopener">A May 4 tactical UAV market analysis from Fortune Business Insights reported that the global tactical UAV market was valued at US$4.42 billion in 2025 and was projected to reach US$8.31 billion by 2034</a>. The report stated that demand had been fueled by "rising demand for affordable, deployable ISR (intelligence, surveillance, and reconnaissance) platforms, advancements in swarm technology, and the push for unmanned systems in asymmetric warfare and national security." Fortune Business Insights wrote that tactical UAVs had become increasingly important for "rapid deployment, short- to medium-range operations, and real-time data collection." The publication also examined how geopolitical conflicts had accelerated adoption and procurement activity. According to Fortune Business Insights, the Russia-Ukraine war had "reshaped the market by underscoring their strategic value in contemporary conflicts," while tactical UAVs had become "essential for intelligence gathering, surveillance, and precision targeting." The report further stated that defense organizations had increased focus on "AI-driven autonomous swarming for coordinated strikes, hybrid electric propulsion for extended endurance, and modular payloads for rapid mission reconfiguration." Fortune Business Insights added that the growing emphasis on electronic warfare integration, beyond visual line of sight operations, and field-repairable systems reflected a broader shift toward scalable and adaptable unmanned technologies across defense operations. <a href="https://straitsresearch.com/report/drone-package-delivery-system-market" target="_blank" rel="noopener">A May 13 drone package delivery system market report highlighted continued expansion across commercial unmanned aerial applications.</a> The study estimated that the global drone package delivery system market would grow from US$659.88 million in 2025 to US$8.78 billion by 2033, representing a compound annual growth rate of 38.20%. The report stated that "the utilization of low-cost, light payload drones for product delivery," growing demand for faster delivery, and the addition of "sophisticated sense-and-avoid systems in aerial delivery drones" had contributed to rapid market growth. The report also stated that regulatory developments supporting drone operations and consumer interest in reducing carbon emissions had supported broader adoption across commercial applications. According to the study, "it is anticipated that drones' use for medical help delivery will gain significant traction throughout the projection period due to the wide-scale applications of drones for delivering healthcare supply packages." The publication further noted that advancements in battery systems, software integration, and operational efficiency had increased interest across retail goods delivery, food delivery, postal delivery, and medical aid transportation. <a href="https://www.openpr.com/news/4518620/military-unmanned-aircraft-systems-market-analysis" target="_blank" rel="noopener">According to a May 19 report from Market Research Intellect, the global military unmanned aircraft systems market reached a valuation of US$12.52 billion in 2026 and was projected to expand at a compound annual growth rate of 13.92% through 2035</a>, ultimately reaching an estimated US$35.52 billion. The report stated that growth had been driven by "increasing demand across industrial, commercial, and technology-oriented applications," alongside "ongoing innovation, expanding application areas, and rising investments across key end-use industries." Market Research Intellect wrote that military unmanned systems had become "indispensable assets on the battlefield" because they provided "enhanced situational awareness, precision strike capabilities, and reduced risk to personnel." The report added that governments worldwide had been "investing heavily in research and development to maintain strategic superiority and technological edge in this domain," while the integration of artificial intelligence, machine learning, and advanced sensor technologies had increased operational capabilities across modern defense systems. The publication also noted that the military UAS market had evolved beyond reconnaissance and intelligence gathering into combat missions, target acquisition, and logistical support. According to the report, "the increasing need for persistent surveillance, intelligence, and reconnaissance capabilities across various military operations" remained a primary growth driver, while modernization programs and rising defense budgets continued to support adoption globally. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:7a27fc02-c9e1-4393-a523-b70a021961a3-1" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:7a27fc02-c9e1-4393-a523-b70a021961a3-1" data-turn-id-container="request-WEB:7a27fc02-c9e1-4393-a523-b70a021961a3-1" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="c392282e-8a41-4a47-b63d-f4866ea77e61" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="75">Analysts Maintained Buy Ratings Following Army Order and Revenue Update</h2> According to a May 11 report from Needham & Company analyst Austin Bohlig, the firm reiterated its Buy rating and US$20.00 price target on Red Cat Holdings, Inc. following the company's announcement of a US$9.5 million purchase order under the U.S. Army's Short Range Reconnaissance Program of Record. Bohlig wrote that the order "demonstrates strong intent from the Army to continue scaling deployment of small unmanned systems and could represent one of the final contract awards before the program transitions into a significantly larger Full Rate Production phase." In the same May 11 report, Bohlig stated, "We believe this announcement is another signal pointing to growing global demand for Red Cat's portfolio of unmanned systems." The report maintained a Buy rating and US$20.00 price target, while noting that the firm believed Red Cat was "rapidly diversifying its revenue stream beyond this system." Needham & Company also wrote in its May 11 investment thesis that it viewed Red Cat as "uniquely positioned to capture accelerating demand for defense-grade small ISR drones as the U.S. looks to restore drone dominance." The report stated that the firm viewed the company's SRR2 program opportunity as "a transformational contract for Red Cat." In a separate May 11 research note, ThinkEquity analyst Ashok Kumar maintained a Buy rating and US$25.00 price target on Red Cat. Kumar wrote, "Q1 showed real operating progress, but the debate has shifted from product relevance to execution." The report stated that first-quarter revenue totaled US$15.5 million compared to US$1.6 million in the prior-year quarter, while gross margin improved to 12.7% from negative 52.1%. Kumar also stated in the May 11 report, "Q1 validates gross-margin inflection and demand, but not yet the full revenue target." The report noted that Red Cat introduced an annual revenue target of US$150 million to US$180 million and stated that reaching the low end of the range would require approximately US$44.8 million per quarter over the remaining three quarters of the year. ThinkEquity's report stated that Black Widow remained "the core revenue engine" and noted that management had said the platform became "the first Group 1 UAS integrated with Anduril Lattice." Kumar wrote that "Army C2 interoperability is a baseline filter, not a secondary technology detail," adding that future Army revenue could depend on "maintaining certification, interoperability, and standing within Army-preferred software architectures." The ThinkEquity report also discussed the company's expansion into maritime systems through Blue Ops, along with developments involving FlightWave, Apium, and the pending Quaze acquisition. Kumar wrote, "The disclosed opportunity set is also more diversified," while also stating that the company remained "investable, but not de-risked." </div> </div> </div> </div> <div class="mt-3 w-full empty:hidden"> <div class="text-center"> </div> </div> </div> </div> </section> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div> <h2 style="text-align: center;" data-start="3223" data-end="3279">Wireless Charging Integration and Maritime Expansion</h2> According to the company, Quaze will continue scaling its wireless power architecture for integration across Red Cat's Family of Systems while maintaining support for third-party OEMs operating across air, ground, and maritime domains. <a href="https://ir.redcatholdings.com/_assets/_30597abad981e5e2756d4feec8a813e0/redcatholdings/db/1160/11383/pdf/Red-Cat_Investor-Deck.pdf" target="_blank" rel="noopener">Red Cat stated that Quaze is expected to contribute to the company's all-domain capabilities as it advances into maritime systems and multi-platform autonomy</a>. The company said the integration of wireless charging into uncrewed surface vessels and other mobile platforms supports applications including swarming, ISR missions, and autonomous deployment cycles. [OWNERSHIP_CHART-9727] The release also stated that Quaze's platform-agnostic approach is designed to enable adoption across a broad range of robotics platforms through embedded power integration. According to the company, this model allows deployment across systems that Red Cat does not manufacture while supporting broader adoption of autonomous technologies. Quaze's technology has been demonstrated across multiple robotic platforms, including aerial drones, ground systems, and autonomous underwater vehicles, according to the company. Red Cat stated that the technology is currently being evaluated across a range of dual-use applications and that Quaze's focus on simplicity, integration, and operational resilience has supported adoption across early partners. <h2 style="text-align: center;">Ownership and Share Structure1</h2> The ownership breakdown of Red Cat is 9.23% is held by insiders and management, 46.23% by 333 institutions, and the remainder by retail investors. The largest shareholder overall is the CEO, Thompson, with 8.65%. The company has 122.74 million shares outstanding, a market cap of US$1.3 billion, and a 52-week range of US$5.71 to US$18.78. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Red Cat Holdings Inc.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31259"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31259" width="0" height="0"> ( Companies Mentioned: RCAT:NASDAQ, ) Fri, 22 May 2026 00:00:00 PST After Acquisition, Gold-Copper Miner Advances High-Grade Ecuador Breakthrough https://www.streetwisereports.com/article/2026/05/22/after-acquisition-gold-copper-miner-advances-high-grade-ecuador-breakthrough.html Source: <a href="https://www.streetwisereports.com/article/2026/05/22/after-acquisition-gold-copper-miner-advances-high-grade-ecuador-breakthrough.html?utm_medium=feed">Streetwise Reports 05/22/2026</a> Tincorp Metals Inc. (TIN:TSXV; TINFF:OTCMKTS) updates on the progress of its 10,000-meter phase 1 drilling campaign at the Santa Barbara gold-copper project.Tincorp Metals Inc. (TIN:TSXV; TINFF:OTCMKTS) gave an update on the progress of its 10,000-meter phase 1 drilling campaign at the Santa Barbara gold-copper project, situated in the Zamora copper-gold belt of southeastern Ecuador, <a href="https://tincorp.com/news-releases/tincorp-advances-phase-1-10-000-metre-drill-program-at-the-santa-barbara-gold-copper-project-ecuador/" target="_blank" rel="noopener">according to a release on May 14</a>. The drilling operations, which began on April 14, 2026, are actively underway with four rigs currently operational on the site. To date, five drill holes have been completed, with the extracted cores being processed for shipment to the laboratory for assay analysis, the results of which will be shared upon availability. "Phase 1 drilling is well underway at Santa Barbara, and this initial program is designed to lay the foundation for a future mineral resource upgrade," Chief Executive Officer Victor Feng said. "We look forward to reporting assay results as they become available. Once phase 1 is complete, we will advance into phase 2, where we will step out and test targets at depth." The primary objectives of the phase 1 drill program include confirming historical drill results, conducting infill drilling to enhance the existing mineral resources, and extracting fresh drill cores to deepen the company's understanding of the mineralization controls and metallurgy specific to the Santa Barbara site, the release said. Following the completion of this phase, the company plans to initiate phase 2, which will concentrate on step-out drilling and extending the resource base by exploring deeper geological targets. The Santa Barbara project is a significant gold-copper porphyry system located in the Zamora copper-gold belt within the Zamora-Chinchipe province in southeastern Ecuador. The project is adjacent to Silvercorp's Condor project, and historically, both were explored as part of the same mining district. The region is known for hosting several major mines and advanced development projects, including Lundin Gold's Fruta del Norte mine, the Mirador copper-gold mine, and Solaris Resources' Warintza project, all located within close proximity to Santa Barbara. In line with the acquisition of the Santa Barbara project, Tincorp Metals filed an updated National Instrument 43-101 mineral resource estimate (MRE) on April 9. According to this technical report, the updated mineral resource estimate for the project includes total indicated mineral resources of 29.8 million tonnes at an average grade of 0.73 grams per tonne gold (g/t Au) and 0.10% copper, containing 697,000 ounces of gold and 68.2 million pounds of copper. Additionally, the total inferred mineral resources amount to 205.7 million tonnes at an average grade of 0.52 g/t Au and 0.09% copper, containing 3.42 million ounces (Moz) of gold and 425.9 million pounds of copper. <h2 style="text-align: center;">Santa Barbara Acquisition Completed</h2> <a href="https://tincorp.com/news-releases/tincorp-completes-acquisition-of-the-santa-barbara-gold-copper-project-ecuador/" target="_blank" rel="noopener">On May 13, the company announced</a> the completion of its acquisition of Santa Barbara Metals Inc., a wholly owned subsidiary of Silvercorp Metals Inc. (SVM:TSX; SVM:NYSE), and its subsidiary, Adventus Mining Corporation. This acquisition grants Tincorp a 100% interest in the Santa Barbara Gold-Copper Project. The transaction was finalized after meeting all necessary conditions, including approvals from the TSX Venture Exchange and the disinterested shareholder approval as required by TSXV Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. Additionally, minority approval was secured during the company's annual general and special meeting of shareholders on May 5, the company said. As part of the acquisition terms, Tincorp has made significant financial commitments to Silvercorp. These include a first-stage cash payment of US$1.5 million and the issuance of 15 million common shares of Tincorp. Furthermore, Tincorp has entered into a net smelter return royalty agreement with Silvercorp, establishing a 1.5% NSR royalty on the Santa Barbara Project. Notably, Tincorp retains the option to repurchase two-thirds of this royalty (equivalent to 1% of the total 1.5%) for US$10 million. Additionally, to secure the deferred purchase price payments and the NSR Royalty, Tincorp has granted Silvercorp a pledge over the shares of the Holding Company and a security interest over the mining concessions that comprise the Santa Barbara Project. <h2 style="text-align: center;">Co. 'Wasting No Time': Experts</h2> <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/three-picks-push-forward-plus-interviews-with-five-paydirt-stocks/" target="_blank" rel="noopener">According to Jeff Clark and Daniel Flynn of The Gold Advisor on May 21</a>, "Tincorp is wasting no time at Santa Barbara." "Just last week, we highlighted the company's completion of its acquisition of a 100% interest in the Ecuadorian gold-copper project," they wrote. "Now, it has confirmed that Phase 1 drilling is already well underway. That's good to see. One of the reasons we like this story is Tincorp is not sitting around waiting for the market to catch up. The deal has closed, funding is in place, the technical team is mobilized, and the drill bit is turning." The company has initiated a comprehensive 10,000-meter drilling program at the project, utilizing four rigs currently operational on site. The primary objectives of this initial phase are to validate historical drilling data, conduct infill drilling to potentially enhance the existing resource estimates, and gather new core samples for additional geological and metallurgical analysis, Clark and Flynn noted. This phase is crucial, not merely as an exploratory venture, but as a strategic move to consolidate and expand upon what Tincorp already possesses at Santa Barbara, setting the stage for future resource enhancements. "Results from this first campaign could therefore become an important catalyst," they noted. "If Tincorp can confirm the historic work, support resource upgrades, and keep building the case for scale, there's a good chance the market will start paying closer attention." Chen Lin of What is Chen Buying? What is Chen Selling? noted on May 18 that the company "closed the acquisition of the huge Santa Barbara project, 4.1 million oz of gold and 600+lb copper. Victor Feng is appointed CEO. They will be actively drilling to expand the resource to 5+ million oz." <h2 style="text-align: center;">The Catalyst: Gold Challenges, Industrial Metal Volatility</h2> The gold market is currently grappling with the challenge of breaking past the US$4,500 per ounce threshold as bond yields continue to rise amid growing concerns over inflation, <a href="https://www.kitco.com/news/article/2026-05-20/gold-price-struggling-now-analysts-say-looming-bond-crisis-could-change" target="_blank" rel="noopener">as reported by Neils Christensen for Kitco News on May 20</a>. Analysts have highlighted that the increasing yields on long-term bonds are raising the opportunity cost of investing in gold, which does not yield any returns, thereby creating a difficult environment for this precious metal. Despite these hurdles, spot gold has experienced a modest uptick, trading at US$4,493.60 an ounce, marking a 0.28% increase. Ole Hansen, the Head of Commodity Strategy at Saxo Bank, has observed that although gold has strong long-term fundamentals on a global scale, current investor focus is predominantly on immediate uncertainties. One significant factor is the ongoing conflict in the Middle East, especially the war in Iran, which has resulted in the closure of the Strait of Hormuz. This situation has disrupted global supply chains and pushed commodity prices upward, with oil prices notably exceeding $100 a barrel. "Higher energy prices feed directly into inflation and, by extension, government bond yields, while also lending support to the U.S. dollar," Hansen explained, according to Christiansen. He further noted that this scenario poses challenges for gold as the rising yields and strengthening dollar suppress demand for gold, complicating its traditional role as a safe-haven asset. Hansen, in a communication to Kitco News, suggested that gold could potentially perform well as a safe-haven asset if confidence in the bond markets starts to diminish. However, he pointed out, "The market is struggling to cope with more than one theme at a time. Right now, it's the higher oil price linked to inflation and yields that's in the driving seat, but a continued rise in yields may well end up being positive for gold given the fiscal debt worries it raises." This week, industrial metals experienced significant volatility, influenced by escalating inflation concerns that continued to stress global bond markets, <a href="https://www.cnbc.com/2026/05/21/copper-industrial-metals-inflation-bond-yields.html" target="_blank" rel="noopener">according to a report by Chloe Taylor for CNBC on May 21</a>. On the London Metals Exchange, copper futures for August delivery fell by 1.3% on Tuesday, only to recover slightly by 0.5% on Wednesday, reaching US$13,477 per ton. [OWNERSHIP_CHART-11578] Copper, which is essential in the production of electrical wiring, machinery, and plumbing, is often regarded as an indicator of global economic health. Other metals such as aluminum, nickel, tin, and zinc also showed fluctuating patterns of gains and losses throughout the week, Taylor said. These fluctuations occurred against a backdrop of broader instability in global bond and equity markets. Global stocks have shown irregular movements as investors navigate through corporate earnings reports and face U.S. Treasury yields that have soared to levels not seen in decades. Analysts speaking to CNBC have expressed that the future prospects for many industrial metals appear uncertain, with emerging challenges affecting both supply and demand dynamics. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Tincorp Metals Inc. has a market cap of CA$86.54 million, with 72.12 million shares outstanding. The company's 52-week range is CA$0.14-CA$1.33. Institutions own 0.03% of shares, Strategic Corporate Investors own 70.35%, and management and insiders own 28.43%. The remaining is retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31258"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31258" width="0" height="0"> ( Companies Mentioned: TIN:TSXV;TINFF:OTCMKTS, ) Fri, 22 May 2026 00:00:00 PST