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Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/ Investment coverage from Streetwise Reports. copyright 2012, Streetwise, Inc. Decade Resources Hits Porphyry at Bonaparte, President of Co. Highlights Large System Potential https://www.streetwisereports.com/article/2026/10/16/decade-resources-hits-porphyry-at-bonaparte-president-of-co-highlights-large-system-potential.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/decade-resources-hits-porphyry-at-bonaparte-president-of-co-highlights-large-system-potential.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> Decade Resources Ltd. (DEC:TSX.V; DECXF:OTCPK) updated investors on Bonaparte drilling success, with porphyry intersected in every bedrock hole.<a href="https://www.streetwisereports.com/pub/co/11512?utm_medium=feed" target="_blank" rel="noopener">Decade Resources Ltd. (DEC:TSX.V; DECXF:OTCPK)</a> continues to investigate a potentially extensive copper-gold porphyry system at its Bonaparte property in British Columbia, where drilling has intersected porphyry-style intrusions and alteration in every hole that reached bedrock. In an October 12, 2026, interview with <a href="https://www.youtube.com/watch?v=Wz3ecJsg-sg" target="_blank" rel="noopener">RocksAndStocksNews</a>, President Ed Kruchkowski discussed the ongoing drill program, geological observations from the core, and plans to refine targets as additional data becomes available. <h2>Key Takeaways</h2> <div> <div> <ul> <li>Decade Resources has intersected porphyry-style intrusions, alteration, quartz veining, and sulfides across multiple drill holes at its Bonaparte property in British Columbia.</li> <li>Drilling and surface sampling suggest the porphyry system may extend more than 2 km (kilometers) wide, with additional areas remaining untested.</li> <li>Soil sampling has identified anomalous copper, molybdenum, and gold, while further drilling and assays will help define the extent and grades of mineralization.</li> <li>The company is also investigating historic gold-bearing quartz veins and altered surrounding rock, with gold values yet to be confirmed through current assays.</li> <li>Copper demand is projected to rise as data centers, electrification, and power infrastructure expand, while supply constraints and U.S. tariff policy continue to influence the market.</li> <li>Upcoming catalysts include assay results, completion of current drilling, and decisions on follow-up drilling and geophysical surveys.</li> </ul> </div> </div> <h2>Drilling Expands Understanding of the Porphyry System</h2> In the interview, Kruchkowski said Decade has begun evaluating Bonaparte's historical induced polarization (IP) surveys, which identified a large chargeability anomaly that subsequent drilling has shown to contain both sulfide-bearing sedimentary rocks and a substantial porphyry intrusion. The company's first hole entered porphyry-style mineralization, and subsequent drilling has revealed extensive alteration, quartz veining, and sulfides. DDH-BN-6, located approximately 1.2 km southwest of DDH-BN-2, has encountered porphyry intrusions interbedded with intensely altered rocks. Kruchkowski described finding pinkish, strongly altered intervals containing quartz veins and sulfides, with some features resembling those observed in the property's historic discovery area. The company has also identified multiple intrusive phases, including diorite, quartz diorite associated with the porphyry system, and finer-grained intrusive rocks. Kruchkowski said the sequence may be important because earlier intrusions can fracture surrounding rock and create pathways for later intrusions and mineralizing fluids. Drilling has encountered chalcopyrite, molybdenite, and calcite, alongside potassic alteration and hydrothermal breccias. Kruchkowski described the observations as encouraging but emphasized that the company needs assay results to establish metal grades and better understand the distribution of mineralization. The drilling and surface work have helped Decade refine its interpretation of the system's boundaries. Kruchkowski said drilling south of holes five and six encountered less alteration, helping the team establish part of the system's southern edge. He identified areas east of DDH-BN-6 and DDH-BN-2 as priorities for further investigation, noting that surface rocks in that direction resemble material encountered in the drill core. So far, the company has collected around 1,300 soil samples and additional rock samples to investigate possible mineralized zones beneath basalt cover. Initial soil sampling has identified anomalous copper, molybdenum, and gold occurring together in some samples south of the current drilling area. Kruchkowski said the company is evaluating these results as part of a broader effort to identify additional mineralized centers. He also discussed the possibility that the known porphyry system extends beyond the limits of the original IP survey. The current interpretation suggests a system more than 2 km wide, although significant areas remain untested. Surface observations and geochemical sampling may help guide exploration beyond the areas covered by historical geophysical work. <h2>Historic Gold Veins Add Another Exploration Dimension</h2> Although the current program is focused on the porphyry target, Kruchkowski said the relationship between the intrusive rocks and the property's historic gold-bearing quartz veins remains an important area of investigation. He described two generations of quartz veins: earlier white quartz veins that generally appear barren, and later gray, translucent quartz veins containing sulfides. The latter have been observed in DDH-BN-6 and, to a lesser extent, in DDH-BN-2. However, the gold content of these veins has not yet been established through assays. Kruchkowski also noted that gold mineralization in the historic mine area was not confined to quartz veins. Previous work identified gold values in silicified porphyry, fault zones, and altered wall rock. He said the previous operator primarily assayed quartz veins, leaving uncertainty about the metal content of the surrounding rock. Decade's approach is to assay the core more comprehensively to improve its understanding of the mineralized system. <h2>Copper & Gold Market Movements</h2> Demand for copper is expected to grow as investment in data centers, power grids, electric vehicles, and defense applications expands. A 2026 study from <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">S&P Global</a> projected that global copper demand will increase from approximately 28 million metric tons in 2025 to 42 million metric tons by 2040, a rise of about 50%. The study identified core economic activity and the transition to new energy sources as the largest contributors to additional demand, while AI data centers and defense represent emerging growth drivers. Supply growth remains a key consideration as demand increases. In a separate <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/the-copper-conundrum-why-meeting-ai-era-electrification-demands-is-a-race-against-time" target="_blank" rel="noopener">January 2026 report</a>, S&P Global warned that the copper market could face a shortfall of approximately 10 million metric tons by 2040 without significant additions to global supply. The report projected that mined copper production could peak around 2030 before declining as existing mines age, with recycled copper meeting only part of the additional demand. The International Energy Agency also tracks copper as a critical mineral, with its 2026 Critical Minerals Data Explorer providing updated demand projections under multiple energy and technology scenarios. U.S. trade policy has also influenced copper markets and inventories. On April 2, 2026, the White House modified <a href="https://www.whitehouse.gov/presidential-actions/2026/04/strengthening-actions-taken-to-adjust-imports-of-aluminum-steel-and-copper-into-the-united-states" target="_blank" rel="noopener">the Section 232 tariff regime for copper</a>, among other metals, so that applicable duties would generally be assessed on the full customs value of covered products rather than only their metal content. The proclamation established additional duties ranging from 10% to 50%, depending on the product, its origin, and its treatment under the applicable provisions. <blockquote class="callOut left">Bob Moriarty of 321gold.com said, "Actual assays coming soon will move the needle."</blockquote> The tariff changes have contributed to unusual flows of copper into the United States. <a href="https://www.reuters.com/business/us-tariff-threat-upends-copper-surplus-prices-test-all-time-peak-2026-08-25/" target="_blank" rel="noopener">Reuters</a> reported in August 2026 that U.S. copper imports reached 885,000 metric tons during the first half of the year, while COMEX inventories climbed to a record 675,185 tons as traders responded to the prospect of future tariffs on refined copper. Meanwhile, copper prices on the London Metal Exchange approached record levels, illustrating how tariff expectations have affected the distribution of available metal even as the global market remains sensitive to supply disruptions and demand growth. Domestic copper supply remains another consideration for the U.S. market. The U.S. Geological Survey's <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-copper.pdf" target="_blank" rel="noopener">2026 Mineral Commodity Summaries</a> estimated U.S. mine production at approximately 1 million metric tons in 2025, down from 1.05 million metric tons in 2024, while refined copper production was estimated at 850,000 metric tons. The USGS also added copper to the U.S. critical minerals list in 2025. Gold markets have also experienced significant price volatility in 2026. On October 16, gold futures were trading near US$4,200 per ounce following a rebound supported by a weaker U.S. dollar and declining Treasury yields. Prices remained below their January highs, as shifting interest-rate expectations and inflation concerns continued to influence investor sentiment. <a href="https://www.wsj.com/finance/commodities-futures/gold-falls-as-investors-await-fed-chairmans-remarks-f12f0c32" target="_blank" rel="noopener">The Wall Street Journal</a> reported the latest price movement, highlighting the influence of bond yields and currency fluctuations on the precious metal. Despite the recent pullback, longer-term gold demand remains supported by investment activity and central-bank purchases. The <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2026" target="_blank" rel="noopener">World Gold Council's Q2 2026 report</a> put first-half global gold demand at 2,522 metric tons, up 2% year over year, with the value of demand reaching a record US$380 billion. The organization identified investment demand as a principal driver for the remainder of 2026, while noting that elevated prices continued to weigh on jewelry consumption and that mine production and recycling offered limited potential for supply growth. <h2>Moriarty Expects Stock to Move</h2> On October 8, 2026, Bob Moriarty of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a> addressed some of the October results, writing, "For investors who have waited patiently for drilling, Decade has drilled and hit at the Bonaparte porphyry copper target in Northern BC. Based on visual inspection of the core from the completed holes, it appears Decade had hit their target with porphyry material discovered in holes spaced 1.2 km apart. A few shareholders who belong to the 'buy the rumor, sell the news' team are holding the stock price down, but actual assays coming soon will move the needle." At the time of writing, Decade's stock is trading at CA$0.13 per share. [OWNERSHIP_CHART-11512] <h2>Next Drilling Steps Depend on Results and Conditions</h2> At the time of the interview, Decade was working to complete DDH-BN-6 and considering drilling another hole between DDH-BN-2 and DDH-BN-6 at a steeper angle. Kruchkowski said the team would weigh the cost and information gained from extending the existing hole against the potential benefits of testing a new location. He also described drilling challenges associated with faulted and highly broken rock, which can slow progress and increase wear on equipment. Laboratory turnaround times have added another constraint, with some assay results taking several months. The company plans to use the combined drilling, geochemical, and geological data to refine its model and determine subsequent exploration priorities. Further work could include additional geophysical surveys after the drill results are incorporated into the geological interpretation. Kruchkowski said the team is also collecting samples for thin-section studies to better understand the sequence and timing of intrusive and mineralizing events. <h2>Ownership & Share Information1</h2> Decade Resources Ltd. has a market cap of CA$37.74 million, with 268.65 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.21. Institutions own 3.39% of shares, while Management & Insiders own 10.17%. <h2>Frequently Asked Questions</h2> What did the latest drilling show at Bonaparte? Five holes totaling 2,000 m intersected porphyry in every bedrock-reaching hole, with DDH-BN-6 in potassic rock with chalcopyrite and breccia; assays pending. How does the video interview add context? The RocksAndStocksNews discussion with Ed Kruchkowski explains the alteration zonation, multi-stage intrusions, and similarity to the discovery area veins in the porphyry model. What is the size of the target? The system along Cooler Creek appears more than 2 km wide, associated with a 3 x 4 km IP anomaly that is mostly untested. When are assay results expected? Results from the current holes and soil sampling are pending and will be released as available. <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>Decade Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Decade 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=32819"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32819" width="0" height="0"> ( Companies Mentioned: DEC:TSX.V;DECXF:OTCPK, ) DEC:TSX.V;DECXF:OTCPK Fri, 16 Oct 2026 00:00:00 PST NervGen Kicks Off Pivotal Phase 3 Test of NVG-291 in Chronic Spinal Cord Injury https://www.streetwisereports.com/article/2026/10/16/nervgen-kicks-off-pivotal-phase-3-test-of-nvg-291-in-chronic-spinal-cord-injury.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/nervgen-kicks-off-pivotal-phase-3-test-of-nvg-291-in-chronic-spinal-cord-injury.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> NervGen Pharma Corp. (NGEN:NASDAQ) has dosed the first patient in its pivotal Phase 3 trial of NVG-291 in chronic spinal cord injury, with topline data expected in the first half of 2028. Find out why one newsletter writer says investors may face a long wait.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>NervGen dosed the first participant on Oct. 12 in RESTORE, its Phase 3 registrational study of NVG-291 in chronic cervical spinal cord injury.</li> <li>The roughly 150-patient study uses hand function, measured by GRASSP Quantitative Prehension, as its primary endpoint. Enrollment is expected to finish in the second half of 2027, with topline data in the first half of 2028.</li> <li>NervGen aligned with the FDA on the trial design, and NVG-291 holds FDA Fast Track and EMA Orphan Drug designations for SCI.</li> <li>In the Phase 1b/2a CONNECT SCI study, NVG-291 significantly improved a measure of hand muscle nerve signaling versus placebo, while the GRASSP hand function score trended positive without reaching statistical significance.</li> <li>All three analysts who have rated NervGen in the past three months rate it a Buy, according to TipRanks.</li> <li>Newsletter writer Chen Lin expects the company to need more funding before 2028.</li> <li>About 305,000 people in the United States live with SCI, and the global SCI therapeutics market is projected to reach US$10.7 billion by 2031.</li> </ul> <center> <h2>NervGen Launches Pivotal Test of Its Spinal Cord Repair Drug</h2> </center> NervGen Pharma Corp. (NGEN:NASDAQ) has dosed the first participant in RESTORE, its Phase 3 registrational study of NVG-291 in people living with chronic cervical motor-incomplete spinal cord injury (SCI), the company announced in an <a href="https://nervgen.com/nervgen-announces-first-participant-dosed-in-restore-a-phase-3-registrational-study-evaluating-nvg-291-in-chronic-spinal-cord-injury/" target="_blank" rel="noopener">Oct. 12 release</a>. "Dosing the first participant in RESTORE marks a critical milestone for NervGen," said CEO Adam Rogers, MD. <center> <h2>Inside the RESTORE Study</h2> </center> The multicenter, randomized, double-blind, placebo-controlled study is expected to enroll about 150 participants across the United States and Canada. Eligible participants are one to ten years past a traumatic SCI, with a motor level of C7 or higher and an ASIA Impairment Scale grade of C or D. They will be randomized 1:1 to receive once-daily subcutaneous injections of NVG-291 or placebo for 12 weeks, followed by a four-week observation period, with an optional 12-week open-label extension. The primary endpoint measures hand function using GRASSP Quantitative Prehension, a priority for people with cervical SCI. Secondary endpoints, including blinded participant interviews, assess functional independence and quality of life. NervGen expects to complete enrollment in the second half of 2027 and report topline data in the first half of 2028. <center> <h2>The Data and the Dollars Behind Phase 3</h2> </center> NervGen reached alignment with the FDA on RESTORE's design following an End-of-Phase 2 meeting. NVG-291 holds FDA Fast Track designation and EMA Orphan Drug designation for SCI. The design builds on the placebo-controlled Phase 1b/2a CONNECT SCI study. In June 2025, NervGen <a href="https://www.biotech.ca/news/nervgen-pharma-reports-positive-topline-data-from-the-chronic-cohort-of-its-phase-1b-2a-clinical-trial-evaluating-nvg-291-in-spinal-cord-injury/" target="_blank" rel="noopener">reported topline data</a> from the study's chronic cohort showing a statistically significant increase in hand muscle motor evoked potentials, a measure of nerve signaling, on NVG-291 versus placebo. Its GRASSP hand function score trended positively but did not reach statistical significance. NVG-291 was generally safe and well-tolerated. To fund development, NervGen <a href="https://finviz.com/news/356582/nervgen-announces-pricing-of-us600-million-public-offering-of-securities" target="_blank" rel="noopener">priced a US$60 million public offering</a> in May at US$2.50 per share, with each share accompanied by a warrant exercisable at US$3.68. <center> <h2>Wall Street Says Buy, One Investor Says Wait</h2> </center> Analysts covering NervGen remain positive. TipRanks gives the stock a Strong Buy consensus based on two analysts, with an <a href="https://www.tipranks.com/stocks/ngen/forecast">average price target of US$12.50</a>. H.C. Wainwright's Ram Selvaraju reiterated a Buy on July 14 while trimming his target to US$15 from US$18, and Leerink Partners' Marc Goodman initiated coverage on July 13 with an Outperform rating and a US$10 target. TD Cowen's Joseph Thome also reiterated his Buy rating on Aug. 13. Chen Lin, who writes What Is Chen Buying? What Is Chen Selling?, took a more cautious view in an October 12 note. Noting that NervGen expects RESTORE results in the first half of 2028, Lin wrote, "With this plan, they will need to add more money, possibly through ATM or other means, before the data." Lin called NervGen "one of my biggest losers this year" and said he was "shocked they raised money at such bad terms." Unless the company pursues accelerated approval, he wrote, NervGen is unlikely to have "any significant catalysts until H1 2028." Lin also pointed to broader pressure on the sector. "Biotechs are getting killed by high interest rates recently," he wrote. "I am hearing some funds are doing forced liquidation now." <center> <h2>The Unmet Need Behind NVG-291</h2> </center> Spinal cord injuries are among the most disabling conditions in neurology. About 20.6 million people worldwide were living with SCI in 2019, with roughly 900,000 new cases that year, according to the <a href="https://pmc.ncbi.nlm.nih.gov/articles/PMC10584692" target="_blank" rel="noopener">Global Burden of Disease Study</a>. In the United States, about 18,000 new injuries occur each year, the <a href="https://sites.uab.edu/nscisc/faq/" target="_blank" rel="noopener">National Spinal Cord Injury Statistical Center</a> estimates. NervGen's target group is a large share of that population. Incomplete tetraplegia, the category RESTORE is enrolling, is the most common type of SCI in the United States, accounting for 47.4% of cases tracked by the center. The costs are steep. Lifetime costs for a person injured at age 25 range from about US$2 million for those who keep some motor function to more than US$6 million for high tetraplegia. The global SCI therapeutics market is <a href="https://prnewswire.co.uk/news-releases/spinal-cord-injury-therapeutics-market-surpass-10-7-billion-by-2031---exclusive-report-by-coherent-market-insights-302049491.html" target="_blank" rel="noopener">projected to reach US$10.7 billion by 2031</a>, according to Coherent Market Insights. Yet there are "no approved pharmacologic treatments for SCI," Randall Kaye, MD, NervGen's chief medical advisor, said in a <a href="https://www.newsfilecorp.com/release/275629" target="_blank" rel="noopener">November 2025 release</a>.[OWNERSHIP_CHART-10026] <center> <h2>Ownership and Share Information1</h2> </center> NervGen Pharma Corp. has a market cap of US$168.27 million, with 107.52 million shares outstanding. The company's 52-week range is US$1.55-US$6.30. Institutions own 11.24% of shares, while management and insiders own 15.72%. The rest is retail. <center> <h2>Common Questions from Investors</h2> </center> What is the design of the RESTORE Phase 3 study? RESTORE is a multicenter, randomized, double-blind, placebo-controlled trial enrolling about 150 adults with chronic cervical motor-incomplete SCI. Participants receive daily injections of NVG-291 or placebo for 12 weeks, and the primary endpoint is hand function measured by GRASSP Quantitative Prehension. When are topline results expected? NervGen expects to complete enrollment in the second half of 2027 and report topline data in the first half of 2028. What did earlier clinical data show? In the Phase 1b/2a CONNECT SCI study's chronic cohort, NVG-291 produced a statistically significant increase in hand muscle motor evoked potentials versus placebo. The GRASSP hand function score trended positive but did not reach statistical significance, and the drug was generally safe and well-tolerated. How is NervGen funding the trial? NervGen priced a US$60 million public offering in May at US$2.50 per share, with warrants exercisable at US$3.68. Newsletter writer Chen Lin expects the company will need to raise more money before the 2028 data. <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> <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=32818"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32818" width="0" height="0"> ( Companies Mentioned: NGEN:NASDAQ, ) Fri, 16 Oct 2026 00:00:00 PST First Majestic Silver Hits Pause on NAFTA Fight as Mexico Tax Deal Takes Shape https://www.streetwisereports.com/article/2026/10/16/first-majestic-silver-hits-pause-on-nafta-fight-as-mexico-tax-deal-takes-shape.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/first-majestic-silver-hits-pause-on-nafta-fight-as-mexico-tax-deal-takes-shape.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) and Mexico have agreed to a framework to settle a long-running tax dispute, putting the company's NAFTA arbitration on hold. Find out what one newsletter writer sees in the silver producer's latest results.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>First Majestic and the Government of Mexico have agreed in principle to a framework to settle a legacy tax dispute involving its subsidiary Primero, and the NAFTA arbitration has been suspended until Dec. 31, 2026.</li> <li>The company expects to finalize a settlement by year-end, with the option to extend the suspension into Q1 2027. The terms and amount have not been disclosed.</li> <li>The dispute dates to a 2010–2014 tax agreement at the San Dimas mine. Mexico's tax authority issued assessments totaling about US$260 million, including penalties and interest, for 2010 through 2012.</li> <li>First Majestic produced 3.4 million ounces of silver and 29,552 ounces of gold in Q3. A 12-day labor dispute at San Dimas weighed on output, while La Encantada's silver production rose 68% year over year.</li> <li>H.C. Wainwright maintained a Buy rating on Oct. 9 with a US$25.50 price target.</li> <li>The silver market is expected to post its sixth straight annual deficit in 2026, though silver remains well below its January record high.</li> </ul> <center> <h2>First Majestic, Mexico Reach Framework to End Tax Fight</h2> </center> First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) and the Government of Mexico have agreed in principle to a framework to settle a long-running tax dispute involving its subsidiary Primero Empresa Minera, S.A. de C.V. (PEM), the company announced in an <a href="https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-temporary-suspension-of-nafta-arbitration-proceedings-as-settlement-framework-agreed-to-with-mexico" target="_blank" rel="noopener">October 13 release</a>. As a result, the NAFTA arbitration First Majestic brought against Mexico has been temporarily suspended. <center> <h2>A Year-End Deadline to Close the Deal</h2> </center> The two sides asked the tribunal hearing the case, known as the APA Arbitration, to suspend proceedings while they finalize and carry out the settlement. The tribunal issued an order suspending the case until Dec. 31, 2026. First Majestic and Mexico have been negotiating the legacy tax issue for several years, with significant progress this year. "The negotiations to date have been constructive and cordial," the company said. First Majestic expects to reach a final settlement by year-end. If more time is needed, the parties can ask the tribunal to extend the suspension into the first quarter of 2027. If no settlement is reached and neither side believes more time would help, the company will ask the tribunal to lift the suspension, and the arbitration will resume. The release did not disclose the terms or amount of the proposed settlement. <center> <h2>Clearing a Legacy Overhang</h2> </center> The dispute centers on an advance pricing agreement (APA) that set the tax basis for silver sold from PEM's San Dimas mine from 2010 to 2014, under a streaming agreement that predated First Majestic's 2018 purchase of Primero. Mexico's tax authority, the SAT, argued the company kept silver prices artificially low and calculated it owed more than US$500 million, <a href="https://www.mining-journal.com/esg/news/4071794/majestic-requests-arbitration-tax-dispute-mexico" target="_blank" rel="noopener">Mining Journal reported</a>, citing Reuters. The SAT issued assessments totaling about US$260 million for 2010 through 2012, including penalties and interest, which First Majestic challenged in court. After saying the government had refused to engage, the company filed for arbitration under Chapter 11 of NAFTA in March 2021. In July, First Majestic raised its 2026 guidance to 14.6 million to 15.5 million ounces of silver and 128,000 to 135,000 ounces of gold. The company is scheduled to report Q3 financial results on Nov. 5. <center> <h2>La Encantada Delivers 'Strong Performance'</h2> </center> In an <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/silver-stocks-hold-strong-8-updates/" target="_blank" rel="noopener">October 14 update</a> for The Silver Stock Investor, Peter Krauth noted that First Majestic produced 3.4 million ounces of silver and 29,552 ounces of gold in Q3 2026, "with output impacted by a 12-day labour dispute at its San Dimas mine." Krauth pointed to bright spots elsewhere in the portfolio. "La Encantada delivered a strong performance, increasing silver production by 68% year-over-year to 967,067 ounces, while Los Gatos continued advancing its mill throughput expansion and Santa Elena progressed toward its 3,500-tonne-per-day capacity target," he wrote. <blockquote class="callOut left">Scotiabank analyst Eric Winmill reiterated a Hold rating with a US$22.50 </blockquote> He added that the company completed about 78,475 meters of exploration drilling across its Mexican operations and at Jerritt Canyon in Nevada, "where restart preparations remain on track for production in the second half of 2027." First Majestic is also renewing its share buyback, he noted, allowing it to repurchase up to 10 million shares for cancellation over the next 12 months. Four analysts have weighed in on First Majestic Silver over the past two months, according to <a href="https://www.tipranks.com/stocks/ag/forecast" target="_blank" rel="noopener">TipRanks</a>, with three rating the stock a Buy and one a Hold. On October 14, Scotiabank analyst Eric Winmill reiterated a Hold rating with a US$22.50 price target, implying 5.93% upside. On October 9, H.C. Wainwright analyst Heiko Ihle reiterated his Buy rating while trimming his target to US$25.50 from US$27, still the highest on the list at 20.06% upside, and ATB Cormark Capital analyst Richard Gray reiterated a Buy with a US$21.13 target, slightly below the current price, implying 0.54% downside. On October 8, BMO Capital analyst Kevin O'Halloran reiterated a Buy rating with a US$24.65 target, implying 16.04% upside. <center> <h2>Silver's Shortage Story Outlasts the Selloff</h2> </center> Silver has pulled back from its January highs, but the forces behind its rally remain in place. The metal hit an all-time high of US$121.67 an ounce on Jan. 29, 2026, <a href="https://www.moneymetals.com/price/silver-price-all-time-high" target="_blank" rel="noopener">according to Money Metals</a>, and was trading at about US$56.75 on Oct. 15, still up about 9.5% from a year earlier, <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-today-thursday-october-15-2026-silver-prices-opened-at-the-lowest-level-since-july-112205964.html" target="_blank" rel="noopener">Yahoo!Finance reported</a>. The supply picture remains tight. The Silver Institute and Metals Focus expect the silver market to post a 46.3-million-ounce deficit in 2026, its <a href="https://mexicobusiness.news/mining/news/silver-heads-sixth-deficit-year-liquidity-risk-persists" target="_blank" rel="noopener">sixth straight year of shortfall</a>, with mine supply flat. Since 2021, the market has drawn 762 million ounces from above-ground stocks. Investors are stepping in, with coin and bar demand forecast to rise 18% this year. Gold has followed a similar path. After reaching a record US$5,598 an ounce in January, it traded at about US$4,140 on Oct. 14, <a href="https://fortune.com/article/current-price-of-silver-10-14-2026/" target="_blank" rel="noopener">Fortune reported</a>. Central banks used the dip to buy: they purchased a net 288.9 tonnes in Q2 2026, the most ever recorded for a second quarter, <a href="https://news.metal.com/newscontent/104042350-central-banks-buy-record-amount-of-gold-%E2%80%93-in-the-very-quarter-prices-fell" target="_blank" rel="noopener">according to World Gold Council data</a> compiled by Metals Focus. For producers like First Majestic, the pullback still leaves silver near levels that were record territory before this year's run.[OWNERSHIP_CHART-406] <center> <h2>Ownership and Share Information1</h2> </center> About 1.2% of First Majestic is owned by insiders and management, and about 53.21% by institutions. The rest is retail. Its market cap is US$7.52 billion with 493.08 million shares outstanding. It trades in a 52-week range of US$10.19 and US$32.04. <center> <h2>Common Questions from Investors</h2> </center> What is the status of First Majestic's tax dispute with Mexico? The company and the Government of Mexico have agreed in principle to a framework to settle the legacy tax issue involving Primero. The NAFTA arbitration is suspended until Dec. 31, 2026, while the two sides finalize the settlement. What happens if a settlement isn't reached by year-end? The parties can ask the tribunal to extend the suspension into Q1 2027. If no settlement is reached and neither side believes more time would help, First Majestic will ask the tribunal to lift the suspension, and the arbitration will resume. What is the dispute about? It centers on an advance pricing agreement that set the tax basis for silver sold from the San Dimas mine from 2010 to 2014 under a streaming agreement. Mexico's tax authority later challenged the agreement and issued reassessments, and First Majestic filed for NAFTA arbitration in 2021. How did First Majestic perform in Q3 2026? It produced 3.4 million ounces of silver and 29,552 ounces of gold. A 12-day labor dispute and lower grades hurt output at San Dimas, while La Encantada's silver production rose 68% to 967,067 ounces. The company also renewed its buyback of up to 10 million shares. <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=32817"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32817" width="0" height="0"> ( Companies Mentioned: AG:TSX; AG:NYSE; FMV:FSE, ) Fri, 16 Oct 2026 00:00:00 PST Nevada Gold Explorer Finds Geological Match to 15.7 Million-Ounce Gold Project, Prepares to Drill https://www.streetwisereports.com/article/2026/10/16/nevada-gold-explorer-finds-geological-match-to-15-7-million-ounce-gold-project-prepares-to-drill.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/nevada-gold-explorer-finds-geological-match-to-15-7-million-ounce-gold-project-prepares-to-drill.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> Eminent Gold Corporation (EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE) has more than doubled its Celts project claims after new geological findings linked the property to the mineralization period of AngloGold Ashanti's Arthur Gold Project.<div> <h2>Key Investor Takeaways</h2> <ul> <li>Nevada Gold Discovery Potential: Eminent Gold Corporation reported new geological evidence linking its Celts gold exploration project to the same mineralization period as AngloGold Ashanti's Arthur Gold Project, which has a reported gold endowment of approximately 15.7 million ounces.</li> <li>Gold Exploration Results Match Major Nevada Deposit: New age-dating results of 11.73 ± 0.12 million years at Celts match the age of gold mineralization at the Silicon deposit, approximately 100 kilometers away along the same structural trend. The dating result remains preliminary.</li> <li>Gold Assays and Expanded Mining Claims: Eminent Gold reported surface rock samples grading up to 1.5 g/t gold in new locations outside historic mine dumps and more than doubled its Celts property to 1,020 hectares ahead of its first drilling campaign.</li> <li>Upcoming Nevada Gold Drilling Program: The company outlined five drill holes totaling approximately 2,500 meters at Celts, targeting fault-hosted Silicon-style gold mineralization and layer-hosted Merlin-style deposits. Two holes are permitted, while three require additional approvals and financing.</li> <li>High-Grade Gold Intercepts at Hot Springs Range: At its HSRP project near Nevada's Getchell Trend, Eminent previously reported 9.2 meters grading 3.2 g/t gold and 57.9 meters grading 0.3 g/t gold, ending in 3.0 meters grading 2.1 g/t gold, at its Otis exploration target.</li> <li>Multiple Gold Exploration Catalysts: Eminent's Nevada exploration plans include deeper drilling at Otis, initial drilling at the three-kilometer Eden gold-in-soil anomaly, and a planned 2027 drilling program at Gilbert South targeting a previously untested deeper feeder zone.</li> <li>Three Nevada Gold Projects: Eminent Gold's exploration portfolio includes Celts, Hot Springs Range, and Gilbert South, spanning 5,941 hectares of company-reported 100%-owned mineral properties in Nevada's Walker Lane and Getchell regions.</li> </ul> </div> <h1>Eminent Gold Identifies Geological Link to Major Gold District, Expands Claims Ahead of Drilling</h1> <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> reported <a href="https://eminentgoldcorp.com/news-media/news-releases/celts-age-date-points-to-arthur-style-gold-system-company-expands-claims-ahead-of-drilling/" target="_blank" rel="noopener">new geological findings at its Celts project in Nevada</a>, including an age-dating result that matched the timing of gold mineralization at AngloGold Ashanti Plc.'s (AU:NYSE; ANG:JSE) Arthur Project, located approximately 100 kilometers away along the same structural trend. In an October 15 news release, the company said an alunite sample from Celts returned an age of 11.73 ± 0.12 million years, consistent with the age of the host volcanic rocks at the property and gold mineralization at the Silicon deposit, part of the Arthur Project. The Arthur Project has a reported mineral endowment of approximately 15.7 million ounces of gold. According to Eminent, younger gold systems of this age in the district have tended to form larger, bulk-mineable deposits, while older systems, including Goldfield and Tonopah, were typically associated with high-grade underground vein mining. The company described Celts as one of the few remaining untested gold systems of this age in the district. The age-dating result was preliminary and unpublished, with the formal laboratory report still pending. Eminent also completed geological mapping and structural analysis that identified priority fault targets at Celts. The work showed that the historic Gold Button Mine sits along a bend in a major northwest-trending fault, with stress apparently transferred to the north-south Cool Boy fault identified during earlier geophysical work. According to the company, the fault geometry created a half-graben, a down-dropped block where hydrothermal fluids can collect. Eminent considers this structural setting favorable for gold mineralization and consistent with geological features associated with the Arthur Project. New surface sampling returned gold values of up to 1.5 grams per tonne (g/t) from newly sampled areas outside the historic mine dumps and closer to its permitted drillholes along the Cool Boy fault, as well as at a newly discovered zone of silica veining and breccia west of Nancy Donaldson. Previously reported samples collected by an earlier operator from the historic Gold Button mine dump returned values of up to 33 g/t gold. Eminent noted that those historical samples had not been independently verified by the company. Rock-chip samples are selective and may not represent average grades or mineralization continuity. Following the mapping and sampling work, Eminent more than doubled its Celts claim package to 1,020 hectares ahead of its initial drilling program. "The age dating is a key technical result. It shows Celts was active during the same event that formed the major gold system at the Arthur Project,"<a href="https://eminentgoldcorp.com/news-media/news-releases/celts-age-date-points-to-arthur-style-gold-system-company-expands-claims-ahead-of-drilling/" target="_blank" rel="noopener"> said Justin Milliard, PhD, Eminent's Vice President of Exploration, in the company news release.</a> "Combined with the opening we have mapped along a major regional fault, this gives us a stronger geological basis to test both the fault-hosted and layer-hosted targets with our upcoming drill program." The company outlined a five-hole program totaling approximately 2,500 meters. Two holes are planned to test the Cool Boy fault beneath the rhyolite dome, while three additional holes are designed to investigate layer-hosted gold mineralization within the half-graben near the Gold Button Mine. The first two holes have received permits, while the remaining three are subject to permitting approval and financing. <h2>Gold Recovers as Inflation Data, Treasury Yields, and Federal Reserve Policy Influence Prices</h2> According to a <a href="https://www.reuters.com/world/india/gold-rebounds-one-week-low-dollar-slips-2026-10-15/" target="_blank" rel="noopener">Reuters report on October 14</a>, spot gold had fallen 1.5% to its lowest level since October 7 after stronger-than-expected U.S. inflation data increased expectations for further interest rate hikes. The U.S. dollar index advanced 0.4%, while the yield on the benchmark 10-year Treasury note also increased. The decline followed the release of September's Consumer Price Index, which rose 0.6% after a 0.4% increase in August. The figures shifted market expectations for Federal Reserve policy, with traders assigning approximately a 35% probability to an October rate increase, compared with 22% before the inflation report. David Meger, director of metals trading at High Ridge Futures, connected the market reaction to expectations for tighter monetary policy. "At this point, it portends that the Fed is more likely to raise interest rates," Meger told Reuters. "As a result, we've seen the dollar rise and pressure added to the gold market," he added. The relationship between interest rates and gold remained an important consideration. Although bullion had traditionally been viewed as protection against inflation, rising interest rates increased the relative attractiveness of interest-bearing assets because gold itself generated no yield. Carsten Menke, meanwhile, pointed to central bank purchases and U.S. government borrowing as longer-term considerations for the precious metal. "In the longer term, gold should again benefit from continued strong central-bank buying and renewed concerns over U.S. debt and its rising interest burden," Menke said. The market reversed direction on October 15 as the dollar weakened and bond yields declined. In a separate <a href="https://www.cnbc.com/2026/10/14/gold-prices-hold-firm-ahead-of-us-inflation-data.html">Reuters report</a>, bullion gained more than 1%, supported by a 0.5% decline in the dollar and a retreat in the benchmark 10-year Treasury yield to a three-week low. Ole Hansen, head of commodity strategy at Saxo Bank, described the recovery as a response to changing financial conditions while cautioning that market uncertainty persisted. "Falling real yields and resilient investment demand help gold recover from its post-CPI selloff, but the technical outlook remains fragile," Hansen told Reuters. Investors also awaited additional U.S. economic releases, including the Producer Price Index and retail sales data, for further indications of inflationary pressures. Rhona O'Connell, head of market analysis at Stone X, identified producer inflation as another factor that could influence bond yields. "If the PPI comes in as expected, which is 5.4% year on year, then that pattern will be continued. So you would expect bond yields to rise again. We're just going to have to watch it very carefully," O'Connell said. The Reuters report placed the market-implied probability of an October interest rate increase at approximately 29%, down from the 35% cited in the earlier report but above the 22% recorded before the consumer inflation figures. Federal Reserve officials also indicated that they had additional time to evaluate economic developments before deciding on further policy changes. Separately, <a href="https://tradingeconomics.com/commodity/gold">Trading Economics reported on October 15</a> that gold had climbed toward US$4,150 per ounce as crude oil prices retreated following five consecutive days of gains. The platform recorded gold at US$4,147.85 per troy ounce, representing a daily increase of 1.03%. Despite the recovery, prices remained 2.82% lower over the preceding month and 4.27% below their level one year earlier. Trading Economics attributed the rebound partly to a weaker U.S. dollar and declining Treasury yields, while identifying continued expectations for Federal Reserve tightening as a factor affecting investor sentiment. The platform also reported that annual U.S. inflation reached 3.7% in September, its highest reading in four months and above the 3.6% expected by economists. Higher energy costs accounted for much of the increase. Federal Reserve Bank of Chicago President Austan Goolsbee characterized the inflation data as "discouraging," according to Trading Economics. San Francisco Federal Reserve President Mary Daly also indicated that additional short-term interest rate increases could be necessary, although she did not see an immediate need for action at the October meeting. Beyond monetary policy, Trading Economics identified several sources of physical and financial demand for gold. Jewelry represented the largest component of global consumption, followed by investment and industrial applications. The metal was traded primarily through the London over-the-counter market and major futures exchanges, where standard gold futures contracts typically represented 100 troy ounces. <h2>Three Nevada Projects Outline Next Exploration Programs</h2> Beyond the latest Celts results, Eminent Gold's <a href="https://eminentgoldcorp.com/investors/presentations/" target="_blank" rel="noopener">October 1 investor presentation </a>outlined exploration activities across its three Nevada properties: Celts, Hot Springs Range, and Gilbert South. The programs included initial drilling, follow-up exploration, geophysical targeting, and permitting work. At Celts, the company outlined a two-phase drilling strategy based on geological models associated with the Silicon and Merlin deposits at AngloGold Ashanti's Arthur Project. The first phase was designed to test fault-hosted mineralization analogous to Silicon, while the second phase would investigate layer-hosted targets comparable to Merlin. The presentation indicates that the company is aiming to commence its maiden Celts drilling program in the fourth quarter of 2026. The company's subsequent October 15 news release specified five planned holes totaling approximately 2,500 meters, with the first two already permitted and the remaining three subject to permitting and financing. At the Hot Springs Range Project (HSRP), located approximately 15 kilometers from the Getchell Trend, Eminent outlined additional drilling at its Otis target. The company described a 10-kilometer exploration corridor containing two northeast-trending structural zones, with Otis extending approximately six kilometers and Eden covering another four kilometers. At Otis, previous drilling intersected 9.2 meters grading 3.2 g/t gold in hole HSC005 along the Little Humboldt fault. Another hole, HSR2601, returned 57.9 meters grading 0.3 g/t gold, ending in 3.0 meters grading 2.1 g/t gold. The company identified oxide gold mineralization associated with multiple faults across a footprint extending hundreds of meters. Its presentation described mineralization as open at depth and along strike, with geological and alteration patterns directing further exploration toward the northeast. The next Otis work included receiving and evaluating reverse-circulation drilling assays, conducting deeper core drilling through selected fault intersections, and testing additional faults previously identified through geophysical surveys. Eminent also identified strengthening clay alteration down-dip and toward the Little Humboldt fault. Follow-up core drilling was planned to investigate that deeper structural interval, including areas beyond the shallow mineralization previously tested. At Eden, approximately 10 kilometers north of Otis, the company outlined an initial drilling program targeting structures associated with a three-kilometer gold-in-soil anomaly. Eminent reported that the target exhibited a structural setting similar to Otis, with surface geochemistry identifying gold and associated pathfinder elements along major faults. The Eden program included five initial holes designed to test interpreted feeder faults beneath the surface geochemical anomalies. The company's presentation identified the Spring City and Crossroads fault structures among the geological features incorporated into its drill-targeting work. Eminent's broader Hot Springs Range plans also included obtaining a Plan of Operations permit to provide access to additional exploration targets, including Sitka. The company identified Sitka as part of the same district-scale structural corridor being evaluated at Otis and Eden. At Gilbert South, located approximately 42 kilometers west of Tonopah in Nevada's Walker Lane trend, Eminent outlined a drilling program for 2027. The surface work on the property is complete, and the property will be drill-ready once the existing permit is renewed. The Gilbert South project contains gold-bearing vein corridors extending for several kilometers at the surface. Historical drilling has been relatively shallow and has not tested many of the sites where surface grab samples returned values of up to 143 g/t gold. [OWNERSHIP_CHART-11233] Eminent's proposed drilling at Gilbert South was directed toward a deeper feeder zone targeted between 200-400 meters below surface, which the company described as having not previously been drilled. The presentation identified this deeper zone as the principal target beneath the property's established surface vein system. The three project programs formed the exploration activities described in Eminent's October 1 presentation, with drilling and related technical work outlined at Celts and Hot Springs Range, and a separate 2027 drilling program identified for Gilbert South. <h2>Ownership and Share Structure1</h2> 18.35% of Eminent Gold is held by management and insiders. Among them, Justin Milliard, VP of Exploration, holds the largest position at 9.59%, and Michael Kosowan holds 6.5%. Kinross Gold Corp. (K:TSX; KGC:NYSE) is a strategic investor with a 13.8% position. The remainder is held by retail shareholders. Eminent Gold has approximately 83.7 million outstanding shares and a market capitalization of approximately CA$27.2 million. Its 52-week range is CA$0.28 to CA$0.87. <h2>Frequently Asked Questions About Eminent Gold Stock, Nevada Gold Exploration, and Upcoming Drilling</h2> What is the latest news about Eminent Gold Corp? Eminent Gold Corp. announced on October 15, 2026, that new geological age-dating results from its Celts gold project in Nevada matched the age of mineralization at AngloGold Ashanti's Silicon deposit, part of the Arthur Gold Project. The company also reported new gold sampling results, expanded its Celts mineral claims to 1,020 hectares, and outlined a five-hole drilling program totaling approximately 2,500 meters. Why is Eminent Gold comparing its Celts project to AngloGold Ashanti's Arthur Gold Project? Eminent Gold identified geological similarities between Celts and the Arthur Gold Project, which has a reported mineral endowment of approximately 15.7 million ounces of gold. Both properties are located along the same regional structural trend in Nevada, approximately 100 kilometers apart. An alunite sample from Celts returned an age of 11.73 ± 0.12 million years, matching the period associated with gold mineralization at Silicon. However, mineralization at Arthur is not necessarily indicative of mineralization at Celts. What were the latest gold assay results from Eminent Gold's Celts project? Eminent Gold reported surface rock samples grading up to 1.5 grams per tonne (g/t) gold from areas outside the historic mine dumps. Previous operators also collected samples grading up to 33 g/t gold from the historic Gold Button mine dump, although those results have not been verified by Eminent. The latest sampling identified gold along the Cool Boy fault and in an area of silica veining and breccias west of Nancy Donaldson. When will Eminent Gold begin drilling at its Celts gold project in Nevada? Eminent Gold's October 1 investor presentation indicates that the company is aiming for the fourth quarter of 2026 for the maiden Celts drilling program. Its October 15 announcement outlined five planned drill holes totaling approximately 2,500 meters. The first two holes have received permits, while the remaining three require additional permitting approval and financing. The company has not established a confirmed drilling start date in the supplied material. What are Silicon-style and Merlin-style gold exploration targets? At Celts, Eminent Gold is investigating two geological settings modeled on deposits within AngloGold Ashanti's Arthur Gold Project. Silicon-style targets involve gold mineralization associated with fault structures, while Merlin-style targets involve layer-hosted mineralization. Eminent plans two drill holes beneath the rhyolite dome along the Cool Boy fault and three additional holes targeting a down-dropped fault block near the historic Gold Button Mine. What high-grade gold drilling results has Eminent Gold reported at Hot Springs Range? At its Hot Springs Range Project near Nevada's Getchell Trend, Eminent Gold previously reported an intercept of 9.2 meters grading 3.2 g/t gold in drill hole HSC005. Another hole, HSR2601, intersected 57.9 meters grading 0.3 g/t gold, ending in 3.0 meters grading 2.1 g/t gold. The company identified additional drilling targets associated with the Otis and Little Humboldt fault systems. What are the next gold exploration catalysts for Eminent Gold in 2026 and 2027? Eminent Gold outlined several exploration activities across its Nevada portfolio. These included the maiden five-hole drilling program at Celts, deeper follow-up core drilling at the Otis target within Hot Springs Range, and initial drilling at Eden, where a three-kilometer gold-in-soil anomaly has been identified. The company also planned drilling at Gilbert South in 2027 to investigate a deeper feeder zone approximately 400 meters below the surface. What is the significance of Eminent Gold's Eden gold discovery target? The Eden target is located approximately 10 kilometers north of Otis within the Hot Springs Range Project. Eminent Gold identified a three-kilometer gold-in-soil anomaly associated with major fault structures and surface pathfinder elements. Its proposed initial drilling program includes five holes targeting interpreted feeder faults beneath the geochemical anomalies. How much gold has Eminent Gold found at its Gilbert South project? Eminent Gold reported historical surface grab samples grading up to 143 g/t gold at Gilbert South, a Nevada exploration property containing gold-bearing vein corridors extending for several kilometers. The company identified a deeper feeder zone approximately 400 meters below the surface as its principal drilling target for 2027. The supplied information does not establish a mineral resource estimate for Gilbert South. Where are Eminent Gold's Nevada gold exploration projects located? Eminent Gold holds three projects covering approximately 5,941 hectares of company-reported 100%-owned mineral properties in Nevada. Hot Springs Range is located approximately 15 kilometers from the Getchell Trend, while Celts is situated within the Walker Lane Trend in the historic Goldfield district. Gilbert South is located in the Walker Lane region near the historic Tonopah district. Does Eminent Gold have a confirmed gold resource at its Celts project? The supplied company materials do not report a mineral resource estimate for Celts. Exploration to date has included geological mapping, surface rock sampling, structural analysis, and age dating. The planned drilling program is designed to investigate fault-hosted and layer-hosted gold targets. The approximately 15.7-million-ounce gold endowment cited in the company's announcement belongs to AngloGold Ashanti's separate Arthur Gold Project, not Celts. <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>Eminent Gold Corporation is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Corporation. and AngloGold Ashanti Plc. </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">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=32813"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32813" width="0" height="0"> ( Companies Mentioned: EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE, ) EMNT:TSXV; EMGDF:OTCQB; 7AB:FSE Fri, 16 Oct 2026 00:00:00 PST DroneShield Software Upgrade Boosts Thermal Camera Classification Accuracy by 44% https://www.streetwisereports.com/article/2026/10/16/droneshield-software-upgrade-boosts-thermal-camera-classification-accuracy-by-44.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/droneshield-software-upgrade-boosts-thermal-camera-classification-accuracy-by-44.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> DroneShield Ltd. (DRSHF:OTCPK; DRO:ASX) rolled out new AI-powered detection and drone disruption capabilities across its installed systems as committed 2026 revenue reached AU$261 million.<h2>Key Investor Takeaways</h2> <ul> <li>DroneShield Ltd. (DRSHF:OTCPK; DRO:ASX) released its Q4 2026 counter-drone software update, introducing enhanced AI-powered drone detection, identification, tracking, and targeted jamming capabilities across more than 4,200 software-enabled devices.</li> <li>AI-powered drone detection accuracy improved, with thermal camera classification accuracy increasing 44% and fixed-wing drone identification improving 18% in precision and 8% in recall.</li> <li>DroneShield's Mission Ready Services subscription platform delivers ongoing counter-UAS software upgrades, technical support, and training to compatible systems already deployed, without requiring new hardware purchases.</li> <li>DroneShield reported AU$261 million in committed FY2026 revenue as of October 12, 2026, up 35% from the prior corresponding period and within its AU$250 million to AU$270 million revenue outlook. The figure represents revenue from confirmed orders delivered or scheduled for delivery during the period, rather than revenue already recognized in full.</li> <li>Recurring software and subscription revenue increased 229% year over year to AU$11.5 million in the first half of 2026, accounting for 9.2% of DroneShield's total revenue.</li> <li> DroneShield's initial RfRecon hardware deliveries incorporating its RfAI-3 software platform were scheduled for the end of 2026, with additional hardware releases included in its 2027 product roadmap. </li> <li>U.S. defense procurement expanded through a US$500 million IDIQ contract ceiling, providing eligible government agencies with a purchasing mechanism for DroneShield counter-drone systems, although the agreement does not guarantee orders.</li> <li>DroneShield's global counter-drone operations span 50 countries, with more than 6,300 devices deployed and applications across military defense, airports, critical infrastructure, public safety, and major sporting events.</li> </ul> <h2>DroneShield Expands Detection and Response Capabilities</h2> DroneShield Ltd. (DRSHF:OTCPK; DRO:ASX) announced <a href="https://www.droneshield.com/media/press-releases/droneshield-q4-software-release-helps-operators-detect-identify-and-defeat-drone-threats-faster" target="_blank" rel="noopener">its Q4 2026 software release on October 14, introducing updates designed to improve the detection, identification, tracking, and disruption of drone threats.</a> The DroneSentry-C2 component of the release was scheduled to become available on November 3, 2026. The updates were being delivered through DroneShield's Mission Ready Services subscription, allowing customers to enhance compatible equipment already deployed in the field without purchasing additional hardware. The Sydney-based counter-drone technology company said Mission Ready Services supports ongoing software improvements for compatible systems already deployed in the field. DroneShield reported more than 4,200 software-enabled devices in the field. The release includes enhancements to RfRecon, DroneShield's radio-frequency sensing technology. The system can now send signals exhibiting drone-like behavior, including signals not yet included in the company's threat library, directly to the DroneSentry-C2 dashboard. Operators can investigate unfamiliar signals and filter records by frequency range to support their analysis. DroneShield also reported improvements in camera-based threat identification. Thermal camera classification accuracy increased by 44%, while fixed-wing drone identification improved by 18% in precision and 8% in recall. The company also reported improvements in target detection using standard video. Another component of the release integrates radio-frequency sensing with optical cameras to provide a fully passive detection and tracking solution. The configuration allows operators to visually confirm drone detections without relying on radar or emissions that could reveal their position. When used with compatible Bosch Starlight cameras, the system allows operators to direct a camera along the bearing of an RF detection before locking onto and tracking the identified drone. The software release also introduces coordinated disruption capabilities for connected DroneSentry-X Mk2 units. When one unit detects a threat, the detection information is shared with other connected units, allowing them to coordinate their response. The system focuses jamming on frequencies that the identified drone can use, concentrating the disruption on the target while reducing interference with nearby systems. Additional changes include a simplified user interface and connectivity configuration, along with compatibility with Sentrycs firmware version 6.7.1 for layered counter-drone deployments. "Drone threats change constantly, and counter-drone capability has to keep pace long after it is deployed," <a href="https://www.droneshield.com/media/press-releases/droneshield-q4-software-release-helps-operators-detect-identify-and-defeat-drone-threats-faster" target="_blank" rel="noopener">DroneShield CEO Angus Bean said in the company's October 14 press release.</a> "Through Mission Ready Services, this release gives operators better information and a more focused response, delivered as an update to systems already in the field." Mission Ready Services, launched October 1, combines ongoing software updates, on-demand training and certification, specialist technical support, and a centralized access portal under a recurring subscription model. According to <a href="https://static1.squarespace.com/static/660a32624c94dd36e509baf3/t/6ad00e08ecd5ef794314c0e0/1792019976444/DRO_InvestorPresentation_Oct2026.pdf" target="_blank" rel="noopener">DroneShield's October 2026 investor presentation</a>, recurring revenue reached AU$11.5 million during the first half of 2026, an increase of 229% from the corresponding period in 2025. Recurring revenue represented 9.2% of total revenue, compared with 4.9% a year earlier. The company reported 6,300-plus devices deployed globally, including products that are not software-enabled, with its products and solutions operating in 50 countries. <h2>Counter-Drone Technology Gains Attention Across Military and Border Security</h2> The counter-unmanned aerial systems (C-UAS) sector received increased attention from military organizations as drone threats prompted additional testing, deployment, and development of detection and interception technologies. Recent reporting highlighted the use of electronic warfare, artificial intelligence, optical tracking, and specialized counter-drone weapons in military and border security operations. According to an <a href="https://www.reuters.com/business/aerospace-defense/us-army-tests-counter-drone-tech-mexican-border-cartel-drone-use-rises-2026-10-05/" target="_blank" rel="noopener">October 5 report from Reuters</a>, the U.S. Army tested counter-drone technology along the U.S.-Mexico border in response to increasing drone activity associated with criminal organizations. Military personnel detected 378 drone incursions over a 30-day period, while authorities identified surveillance as one application of drones used in smuggling and trafficking operations. The report described the testing as part of efforts to improve military counter-drone capabilities and incorporate lessons from battlefield innovation in Ukraine, where unmanned aerial systems had become a significant component of modern warfare. <blockquote class="callOut left">Bell Potter Securities analyst Baxter Kirk maintained his Buy rating on DroneShield while reducing his 12-month price target from AU$2.50 to AU$2.40. </blockquote> The September exercise, known as Falcon Peak, featured demonstrations of radar systems, interceptor drones, autonomous weapons, and other technologies designed to detect, track, and neutralize small unmanned aircraft. "We are seeing largely commercial off-the-shelf available drones," Brigadier General Brian Filler told Reuters, explaining that the aircraft frequently carried surveillance cameras and appeared alongside cross-border movements. Brigadier General Matt Ross also emphasized the pace of technological adaptation observed in Ukraine. "What we should really do is replicate that process," he said, referring to the rapid development and modification of drone technology. The U.S. military separately reported that laser-based defenses had downed 11 drones associated with criminal organizations since their deployment along the southern border in August. International military organizations also expanded their focus on low-altitude airspace protection. According to an <a href="https://www.jpost.com/israel-news/defense-news/article-911634" target="_blank" rel="noopener">October 14 report by The Jerusalem Post</a>, Israel's military began establishing a dedicated corps to counter threats from drones operating close to the ground. The publication reported that the new organization was initially structured around five existing border defense battalions, with a sixth tactical air defense battalion also under consideration. Its responsibilities included protecting against mobile aerial threats alongside existing land-border security operations. The Jerusalem Post described the initiative as part of efforts to address the "growing UAV threat," noting that military authorities had accelerated defensive projects and begun deploying systems designed to counter different types of drones. The report also identified fiber-optic drones as a particular detection challenge. Defensive responses included nets, interceptor drones, and ground-based gunfire. Additional resources and training personnel were allocated to support the development of specialized defensive capabilities and operational procedures. Meanwhile, an <a href="https://smallwarsjournal.com/2026/10/14/counter-drone-weapons-have-arrived/" target="_blank" rel="noopener">October 14 analysis in Small Wars Journal</a> examined developments in counter-drone weapons, including electronic jamming, autonomous targeting, lasers, and high-power microwave systems. Author Daniel Weiss explained that counter-unmanned aerial systems incorporated several approaches to defeating hostile drones, with electronic jamming targeting communication links rather than the aircraft themselves. He identified firearms, lasers, and microwaves as three principal categories of physical counter-drone technologies. Weiss emphasized the importance of detection and tracking capabilities, writing that "all physical CUAS systems require robust detection." The analysis described the role of optical cameras, computer vision, and automated targeting software in identifying and tracking airborne threats before interception. It also examined the financial considerations associated with counter-drone systems, including the cost of sensors, cameras, and supporting equipment. Weiss highlighted applications beyond military operations, particularly airports, factories, and government buildings, where defensive systems faced additional requirements concerning interference and collateral damage. "Drone detection is critical to deterrence," he wrote, pointing to the importance of identifying threats before attempting interception. The analysis also distinguished between military and civilian operating environments, noting that defensive technologies faced different requirements depending on the location, surrounding infrastructure, and potential consequences of their use. <h2>Analyst Highlights Revenue Growth and Next-Generation Technology</h2> In an August 26 research update, <a href="https://www.streetwisereports.com/article/2026/08/26/australian-counter-drone-defence-manufacturer-reaffirms-fy26-guidance.html?utm_medium=feed" target="_blank" rel="noopener">Bell Potter Securities analyst Baxter Kirk maintained his Buy rating on DroneShield while reducing his 12-month price target from AU$2.50 to AU$2.40</a>. The revised target represented an expected total return of 38.3% based on the company's closing share price of AU$1.735 that day. Kirk highlighted first-half revenue of AU$125.8 million, a 74% year-over-year increase that matched the firm's expectations. Underlying EBITDA came in at negative AU$12.4 million, compared with Bell Potter's forecast of a AU$1.3 million profit. The analyst attributed the difference to increased spending during "a period of planned investment in production capacity, product development," as well as improvements to organizational systems and management capabilities. Recurring software and subscription revenue also featured in Kirk's assessment, having increased 229% to AU$11.5 million and accounting for 9.2% of total revenue. More than 4,100 active software-enabled devices supported the company's subscription operations. Kirk noted that committed revenue had reached AU$240 million as of August 21, equivalent to approximately 89% to 96% of DroneShield's fiscal 2026 revenue guidance of AU$250 million to AU$270 million. Another AU$43 million was committed for 2027 and beyond. Baxter Kirk projected revenue of AU$262.1 million in 2026, AU$343.1 million in 2027, and AU$454 million in 2028. Its corresponding EBITDA forecasts were negative AU$2.9 million, positive AU$31.5 million, and positive AU$92.1 million. The analyst identified RfRecon and other next-generation counter-drone products as contributors to anticipated contract activity, particularly in Europe. Kirk concluded that the "Top end of CY26 revenue guidance looks achievable," while maintaining his Buy recommendation and AU$2.40 price target. Baxter Kirk also reviewed DroneShield's October trading update, noting that committed revenue for calendar 2026 had reached AU$261 million as of October 12, compared with AU$251 million on September 10. The firm maintained its AU$262 million revenue forecast for 2026, in line with Visible Alpha consensus, and said the update suggested a high likelihood of reaching at least the upper end of the company's AU$250 million to AU$270 million guidance range. Kirk observed that committed revenue additions had slowed to approximately AU$2.2 million per week between September and October, which it described as expected. Attention had shifted toward 2027, for which DroneShield reported AU$29 million in committed revenue, alongside another AU$17 million for 2028 and beyond. Baxter Kirk also highlighted initial RfRecon orders from a Tier 1 Western European military customer in August, with deliveries scheduled by the end of 2026. The firm noted continued interest in the product extending into 2027. In its assessment, Kirk stated, "Top end of guidance looks very achievable." However, he emphasized that material contract announcements over the following two months would be needed for 2027 committed revenue to begin tracking ahead of the company's 2026 disclosures. <h2>From Software Rollouts to 2027 Deliveries: DroneShield's Operational Priorities</h2> <a href="https://static1.squarespace.com/static/660a32624c94dd36e509baf3/t/6ad00e08ecd5ef794314c0e0/1792019976444/DRO_InvestorPresentation_Oct2026.pdf" target="_blank" rel="noopener">DroneShield outlined several operational priorities for the remainder of 2026 and into 2027 in its October investor presentation</a>, including initial deliveries of next-generation hardware, additional software development, expansion of subscription services, manufacturing capacity, and procurement activity. The company reported AU$261 million in committed revenue for fiscal 2026 as of October 12, representing a 35% increase from the prior corresponding period. The figure was within its previously announced fiscal 2026 revenue outlook of AU$250 million to AU$270 million, issued July 28. DroneShield defines committed revenue as the value of hardware, services, warranties, and subscriptions delivered or scheduled for delivery during the period, based on confirmed purchase orders and applicable exchange rates. The presentation also identified AU$29 million in committed revenue for fiscal 2027 and AU$17 million for fiscal 2028 and beyond. Building the fiscal 2027 committed revenue base remained one of the company's stated near-term priorities. A separate operational milestone involves the first deliveries of RfRecon, the company's next-generation RF detection hardware. DroneShield unveiled its third-generation RfAI-3 radio-frequency intelligence software platform in July 2026, followed by the launch of RfRecon in August. The company reported receiving initial RfRecon orders from a Tier 1 Western European military end-user. Production scaling and delivery of the first RfRecon orders incorporating RfAI-3 software were scheduled for completion by the end of 2026. The presentation identified additional hardware releases throughout 2027 as part of the company's next-generation product roadmap. Expansion of Mission Ready Services represented another stated priority. The subscription offering includes continuous software capability releases, on-demand learning and certification, technical support, and centralized access to training and documentation. DroneShield identified deployment of additional software-enabled devices and expansion of subscription features as components of its recurring revenue strategy. The company also listed Mission Ready Services, next-generation product pricing, and inventory management improvements among its gross-margin initiatives. The company's gross margin was 60% during the first half of 2026, compared with 65.3% during the corresponding period of 2025. DroneShield attributed the first-half result partly to a higher proportion of third-party product sales and inventory impairment associated with its enterprise resource planning implementation and relocation activities. The presentation outlined plans involving higher-margin next-generation products, broader Mission Ready Services adoption, and improved procurement and inventory processes. Manufacturing and operational capacity also formed part of the company's preparations. DroneShield reported a new 3,000-square-meter facility in Australia, manufacturing capability in Europe, and the implementation of enterprise resource planning and customer relationship management systems. The company also described capabilities in Europe and the United States supporting sovereign supply requirements, along with inventory investment covering long-lead-time components, including CPUs, GPUs, and software-defined radios. DroneShield reported AU$85 million in inventory as of June 30, comprising AU$66 million in raw materials and AU$19 million in finished goods. At the same date, the company held AU$180 million in cash and term deposits and reported no debt. In the United States, DroneShield identified continued activity through government procurement programs and frameworks. The company reported receiving a three-year indefinite-delivery, indefinite-quantity procurement vehicle contract with a ceiling of US$500 million. The agreement provides an ordering mechanism for eligible government agencies but does not guarantee orders or establish a quantifiable amount of future revenue. DroneShield also reported that its products were available through the Joint Interagency Task Force 401 Counter-Unmanned Aircraft Systems Marketplace, with orders already received through that channel. The presentation described a vehicle-mounted counter-drone deployment that reached accepted operational capability approximately 80 days after contract award. Acceptance testing included live uncrewed aircraft, and operator training was completed. Three additional units were planned under a contract modification. DroneShield identified further commercial development through procurement portals, government panels, additional personnel, and partnerships as another priority entering 2027. Its first-half 2026 revenue composition was 85% military and 15% non-military government and commercial customers. Geographically, Europe and the United Kingdom accounted for 52% of revenue, followed by Latin America, the Middle East, and other markets at 22%, the United States at 17%, and Asia-Pacific at 9%. The company also reported continued discussions concerning the 2030 FIFA World Cup and other major sporting events following its counter-drone deployments during the 2026 tournament in Kansas City. That deployment involved seven operational sites using layered RF detection, radar, command-and-control systems, and dismounted mitigation capabilities. Data attributed to the FBI Kansas City for operations between June 16 and July 11 identified 184 drones or unique serial numbers across the deployed sites, including 82 at locations nearest the stadium. The presentation also reported 48 unauthorized drones seized. Organizational changes were another component of DroneShield's operational plans. As of September 30, the company employed 519 people and reported approximately 40 open positions, with recruitment focused on sales, commercial support, and operations alongside selective replacement hiring. [OWNERSHIP_CHART-10524] The company identified Rebecca Lowde's scheduled appointment as chief financial officer on November 2 and Lynne Saint's scheduled board appointment on November 24. Angus Bean was identified as chief executive officer and managing director, while Hamish McLennan served as chairman. <h2>Ownership and Share Information1</h2> DroneShield Ltd. has a market cap of AU$1.60 billion, with 924.09 million shares outstanding. The company's 52-week range is AU$1.63-AU$6.71. Institutions own about 42% of shares, while Strategic Investors own about 3%, and Management and Insiders own about 2% of shares. The rest is retail. <h2>Frequently Asked Questions About DroneShield Stock and Counter-Drone Technology</h2> What is the latest news about DroneShield stock? DroneShield Ltd. announced its Q4 2026 software update on October 14, introducing improvements to AI-powered drone detection, identification, tracking, and electronic countermeasures. The release included a 44% improvement in thermal camera classification accuracy, enhanced fixed-wing drone identification, and coordinated drone disruption capabilities. The software updates were made available through DroneShield's Mission Ready Services subscription platform. How much revenue has DroneShield reported for 2026? DroneShield reported AU$261 million in committed revenue for fiscal 2026 as of October 12, representing a 35% increase from the prior corresponding period. The figure fell within the company's full-year revenue outlook of AU$250 million to AU$270 million. Committed revenue included confirmed orders for hardware, services, warranties, and subscriptions delivered or scheduled for delivery during the year. What is the DroneShield stock price target for 2026? Bell Potter Securities analyst Baxter Kirk maintained a Buy rating on DroneShield on August 26, with a 12-month price target of AU$2.40, reduced from AU$2.50. The target represented an expected total return of 38.3% relative to DroneShield's August 26 closing share price of AU$1.735. The target reflected the analyst's assessment at that time, rather than a current share price or guaranteed return. How does DroneShield's AI-powered counter-drone technology work? DroneShield develops counter-unmanned aerial systems (C-UAS) technology that uses radio-frequency detection, artificial intelligence, optical cameras, and electronic countermeasures to identify, track, and disrupt unauthorized drones. Its Q4 software release introduced improved identification of unfamiliar drone signals, passive camera tracking, and coordinated disruption across connected DroneSentry-X Mk2 systems. What is DroneShield's RfRecon system, and why is it important? RfRecon is DroneShield's next-generation radio-frequency detection hardware, designed to identify drone-related signals, including unfamiliar signals not previously cataloged in its threat library. The system incorporates the company's RfAI-3 software platform. DroneShield launched RfRecon in August 2026, received initial orders from a Tier 1 Western European military end-user, and scheduled its first deliveries for the end of 2026. How much has DroneShield's recurring software subscription revenue grown? DroneShield reported AU$11.5 million in recurring revenue during the first half of 2026, a 229% increase from the corresponding period in 2025. Recurring revenue accounted for 9.2% of total revenue, compared with 4.9% a year earlier. The company launched its Mission Ready Services subscription offering on October 1 to provide ongoing software updates, training, and specialist support. Does DroneShield have a US$500 million U.S. military contract? DroneShield reported receiving a three-year indefinite-delivery, indefinite-quantity (IDIQ) procurement vehicle contract with a maximum ceiling of US$500 million. The agreement established a purchasing mechanism for eligible U.S. government agencies to order counter-drone equipment. However, the US$500 million ceiling did not represent guaranteed revenue, and the contract did not guarantee any specific order volume. What are DroneShield's revenue forecasts for 2027 and 2028? Bell Potter Securities forecasted DroneShield revenue of AU$343.1 million in 2027 and AU$454 million in 2028 in its August 26 research update. The firm projected EBITDA of AU$31.5 million and AU$92.1 million, respectively. Separately, DroneShield reported AU$29 million in committed revenue for fiscal 2027 and AU$17 million for fiscal 2028 and beyond as of October 12. How many counter-drone systems has DroneShield deployed worldwide? DroneShield reported more than 6,300 devices deployed globally, including over 4,200 software-enabled devices. Its products and solutions are operated in 50 countries, serving military, government, and commercial applications. The company's systems included portable drone detection equipment, vehicle-mounted counter-UAS systems, fixed-site installations, and command-and-control software. What industries use DroneShield's counter-UAV defense systems? DroneShield's counter-drone technology served military defense, government security, and commercial applications. The company identified airports, prisons, critical infrastructure, public safety operations, and major sporting events among relevant operating environments. During the first half of 2026, military customers accounted for 85% of revenue, while non-military government and commercial customers represented 15%. What is DroneShield's Mission Ready Services subscription? Mission Ready Services is DroneShield's subscription-based offering for ongoing counter-drone software updates, technical support, training, and certification. Launched on October 1, 2026, the service provides software improvements to compatible systems already deployed in the field. The offering also includes a centralized portal for managing support, training, and documentation. What are DroneShield's next major operational milestones? DroneShield identified initial RfRecon deliveries by the end of 2026, additional next-generation hardware releases during 2027, expansion of Mission Ready Services subscriptions, and continued development of its commercial procurement channels among its operational priorities. The company also outlined manufacturing expansion, improvements to inventory management, and further deployment of software-enabled counter-drone systems. <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=32810"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32810" width="0" height="0"> ( Companies Mentioned: DRSHF:OTCPK;DRO:ASX, ) Fri, 16 Oct 2026 00:00:00 PST Harvest Gold Pieces Together 50 Kilometers of Québec Gold Ground Near Windfall https://www.streetwisereports.com/article/2026/10/15/harvest-gold-pieces-together-50-kilometers-of-qu-eacute-bec-gold-ground-near-windfall.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/harvest-gold-pieces-together-50-kilometers-of-qu-eacute-bec-gold-ground-near-windfall.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> With central banks buying gold through the pullback, Harvest Gold Corp. (HVG:TSX.V; HVGDF:OTCMKTS) has assembled more than 50 kilometers of gold ground near Gold Fields' Windfall deposit in Québec.<h2>Key Investor Takeaways</h2> <ul> <li>Gold is trading around US$4,180 per ounce, and several major banks expect it to climb back toward US$5,000, supported by steady central bank buying.</li> <li>Harvest Gold Corp. has spent three years assembling more than 50 kilometers of favorable strike in Québec's Abitibi region, about 45 to 70 kilometers west of Gold Fields' Windfall deposit.</li> <li>By optioning Mosseau from Vior, which spent about five years assembling the property, Harvest saved years of work. It has since roughly doubled that block by adding LaBelle and connecting claims.</li> <li>Drilling at Mosseau in 2025 returned 105.0 grams per tonne gold over 1.15 meters, including visible gold, along the Kiask River Deformation Zone.</li> <li>Harvest completed its earn-in for a 100% interest in Urban Barry in September, subject to EGR's retained 2% net smelter returns royalty.</li> <li>A fully funded drill program of about 4,000 meters at Mosseau is the next major catalyst. Harvest must meet its remaining exploration-spending obligation by December 31, 2027, to earn an 80% interest. It can then pursue a joint venture with Vior or acquire the remaining 20% for CA$1.5 million by June 30, 2028.</li> <li>Crescat Capital, which owns 19.9% of Harvest, has participated in every Harvest financing since 2021, including the June raise.</li> </ul> <h2 dir="ltr">Central Banks Keep Buying the Gold Dip</h2> Gold was trading at about US$4,182 per ounce on October 13, up about 2.5% from a year earlier and more than 25% since early 2025, <a href="https://fortune.com/article/current-price-of-gold-10-13-2026/" target="_blank" rel="noopener">Fortune reported</a>. The metal set a record of US$5,589.38 on January 28, according to <a href="https://goldsilver.com/industry-news/article/gold-price-forecast-2026-2027-key-predictions-from-top-analysts/" target="_blank" rel="noopener">GoldSilver</a>, before easing as investors priced in a more hawkish Federal Reserve. Central banks have kept buying through the pullback. They added a net 39 tonnes of gold in August, bringing purchases to 170 tonnes this year, the <a href="https://www.gold.org/goldhub/gold-focus/2026/10/central-bank-gold-statistics-central-banks-continue-summer-spree-august" target="_blank" rel="noopener">World Gold Council reported</a>. China's central bank bought 20 tonnes, its 22nd straight month of buying. Poland has added 98 tonnes this year as it works toward a target of 700 tonnes. The council said central bank buying "continues to reflect longer-term reserve objectives." <h2 dir="ltr">Wall Street Eyes US$5,000 Gold</h2> Several major banks expect gold to head back toward US$5,000, about 20% above current levels, according to a <a href="https://goldenarkreserve.com/insights/gold-price-forecast-september-2026/" target="_blank" rel="noopener">roundup of bank forecasts</a> by Golden Ark Reserve. Citi sees gold at US$5,000 within six to 12 months, and Commerzbank raised its 2026 forecast to US$5,000 from US$4,400. Goldman Sachs expects US$4,900 by the end of the year. The Wells Fargo Investment Institute sees US$4,900 to US$5,100 by year-end and US$5,400 to US$5,600 in 2027. Higher gold prices tend to benefit junior explorers the most, because new discoveries become more valuable and capital is more available for companies working in established gold districts. <h2 dir="ltr">A 'Eureka Moment' in Québec</h2> <a href="https://www.streetwisereports.com/pub/co/299?utm_medium=feed" target="_blank" rel="noopener">Harvest Gold Corp. (HVG:TSX.V; HVGDF:OTCMKTS)</a> had already lined up its first Québec properties when its technical director spotted a gap on the map. "Our technical director said, 'Look at this chunk of land down below here. It's unstaked. It all runs on the same kind of structure,'" President and Chief Executive Officer Rick Mark told Streetwise Reports. "And so we called it LaBelle, and we staked it all ourselves. So that was sort of the first eureka moment." Harvest <a href="https://www.harvestgoldcorp.com/projects/labelle-property/default.aspx" target="_blank" rel="noopener">staked LaBelle</a> in March 2024. It was an early piece of a land package that Harvest has assembled over three years in what Mark calls "a very under-recognized area" of Québec's Abitibi region. "Three years ago, we had nothing when we went in there," he said. The company came to Québec from British Columbia, where it had been chasing deep porphyry targets. "You can't afford as a junior to be drilling 1,200 meters to find porphyries. You just can't do it," Mark said. In Québec, Harvest committed to gold, in "an area in the Abitibi known for mines and gold mines" near Gold Fields Ltd.'s (GFI:NYSE; GFI:JSE) Windfall deposit. <h2 dir="ltr">Piecing Together 50 Kilometers of Gold Ground</h2> For Mark, the land package is the story. Assembling continuous ground in Québec is slow, he said, because the province is "a little bit like Nevada in the sense that smaller groups or families or companies own chunks of land." Vior Gold Corporation Inc. (VIO:TSX.V; VIORF:OTCQB; VL50:FSE) spent about five years putting the Mosseau property together before optioning it to Harvest in December 2023, Mark said. "So we gained five years by doing the deal with Vior," he said. Since then, Harvest has staked LaBelle to the southeast, and Vior has <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1864-tsx-venture/hvg/179548-harvest-gold-and-vior-add-25-new-claims-to-its-mosseau-gold-project-in-the-urban-barry-belt-in-quebec.html" target="_blank" rel="noopener">added claims</a> to Mosseau under the option. In May, Harvest <a href="https://www.thenewswire.com/press-releases/1k6WFazzN-harvest-gold-expands-flagship-mosseau-property-in-quebec-with-the-acquisition-of-42-additional-mineral-claims.html" target="_blank" rel="noopener">staked 42 more claims</a> along Mosseau's southwestern edge. Mosseau and LaBelle now form one continuous block, which Mark estimates is about double the original Mosseau. Harvest has assembled the combined land position, although its interest in Mosseau remains subject to the Vior option agreement. "So now we own everything," he said. With Urban Barry to the north, the three projects cover 443 claims, about 23,740 hectares, and more than 50 kilometers of favorable strike. The question for investors, Mark said, is whether Harvest Gold has built an asset. "Here's what you need to know in terms of building a land package in the Abitibi," he said. "It's a difficult challenge." Harvest expects to earn an 80% interest in Mosseau by meeting its remaining exploration-spending obligation. It can then form a joint venture with Vior or acquire Vior's remaining 20% interest for CA$1.5 million under the option agreement. A package that large could interest other companies, Mark said, but more high-grade results would let Harvest keep control. "If we're successful on this drill program and find some more high-grade, then what we have is the ability to control the package, which is preferable, obviously," he said. <h2 dir="ltr">From Windfall's Backyard to a High-Grade Hit</h2> Harvest's first Québec deal, also in December 2023, was an <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1864-tsx-venture/hvg/153209-harvest-gold-options-100-of-the-urban-barry-property-in-the-abitibi-region-of-quebec.html" target="_blank" rel="noopener">option on Urban Barry</a>, which adjoins the Windfall property. Gold Fields took full ownership of Windfall in 2024 when it bought Osisko Mining for CA$2.16 billion. One of Harvest's team members had worked on Windfall about 20 years earlier, Mark said. Still, Urban Barry was too early-stage and too large to build a company around on its own. A contact told Mark that Vior was shopping Mosseau, and about four months of negotiation followed. Under the deal, Harvest can earn 80% of Mosseau, and then either form a joint venture with Vior or buy the remaining 20% for CA$1.5 million. <blockquote class="callOut left">Technical analyst Stewart Thomson identified CA$0.04 as key support and named CA$0.14 and CA$0.30 as key resistance levels where investors could consider booking profits.</blockquote> Vior also received Harvest shares, which would become a significant stake "if Mosseau ever hits and becomes something important," Mark said. Mosseau has already produced a discovery. <a href="https://www.thenewswire.com/press-releases/1BNMFWPng-harvest-gold-reports-105-0-g-t-au-over-1-15-metres-including-visible-gold-in-the-central-part-of-the-mosseau-property.html" target="_blank" rel="noopener">In February,</a> Harvest reported that hole MO-25-25 returned 105.0 grams per tonne gold over 1.15 meters, including visible gold, along the Kiask River Deformation Zone. Airborne magnetics trace the Kiask River mineralized corridor about 32 kilometers along strike onto LaBelle, the company said in an April update. In September, Harvest <a href="https://www.goldseiten.de/artikel/715223--Harvest-Gold-Earns-a-100Prozent-Interest-in-its-Urban-Barry-Project-in-the-Quebec-Abitibi-Region-Corrects-Wording-from-its-August-12-2026-Release.html" target="_blank" rel="noopener">earned 100% of Urban Barry</a> from EGR Exploration Ltd. (EGR:TSX.V). A till survey there last fall recovered 1,175 gold grains from 137 samples and outlined a dispersal train about 2.5 by 1.3 kilometers in the property's northwest. <h2 dir="ltr">Upcoming Catalysts</h2> The biggest near-term catalyst is a planned fully funded drill program of about 4,000 meters in approximately 20 holes at Mosseau. The program is designed to follow up on the high-grade discovery and test additional structural and geophysical targets. However, as of October 5, Harvest said negotiations with the Lac Simon First Nation were progressing more slowly than anticipated and that it had yet to secure a driller within the available timeframe. The company said Mosseau is suitable for winter drilling and that the program remains fully funded. The program is also the last step in Harvest's earn-in. The company's June raise of about CA$3.17 million was designed to cover its final exploration obligation of about CA$1.25 million at Mosseau, Mark said. Harvest has until the end of 2027 to meet that obligation. "That's important to know," Mark said. In the meantime, Harvest's and Vior's chief financial officers are reconciling the spending so far to confirm exactly how much remains. Crescat Capital took part in the June raise and has participated in every Harvest financing since 2021, Mark said. Harvest is also owed CA$1 million within 30 days of Blossom Gold Inc. (BGAU:TSX) closing a debt or equity financing for the past-producing Rosebud gold project in Nevada, which Harvest sold in 2015. <h2 dir="ltr">A Century-Old Gold Belt and a Long-Term Chart Base</h2> The Abitibi greenstone belt stretches across northern Ontario and southern Québec and ranks among the world's largest and best-preserved Neoarchean greenstone belts. Mining in the region dates back to the 1920s and has continued for roughly a century, <a href="https://investingnews.com/innspired/gold-exploration-abitibi-gold-belt-canada/" target="_blank" rel="noopener">according to the Investing News Network</a>. Since 1901, the belt has hosted more than 100 mines and produced more than 200 million ounces of gold. Its total endowment, including historical production, reserves, and measured and indicated resources, is estimated at about 300 million ounces. At least 15 deposits have each produced more than 3.5 million ounces. Grades across the district are generally above global averages, reflecting the orogenic gold systems concentrated along its major deformation zones. Ontario and Québec together accounted for more than 75% of Canada's gold production in 2019, and the region benefits from a mining-oriented regulatory and permitting environment, the Investing News Network said.[OWNERSHIP_CHART-299] Harvest Gold's chart is drawing attention as well. In an October 15 update to Streetwise Reports, technical analyst Stewart Thomson said the stock has formed a large base pattern on its monthly chart. He identified CA$0.04 as key support and named CA$0.14 and CA$0.30 as key resistance levels where investors could consider booking profits. At the time of this article, the stock is trading at CA$0.045. <h2>Ownership and Share Structure1</h2> Harvest Gold's management and board members own 5% of the company. Crescat Capital LLC has 19.9%, and other institutions own 11.5%. Retail investors own the rest. It has 179.38 million shares outstanding. Its market cap is CA$8.03 million, and its 52-week range is CA$0.04–CA$0.11 per share. <h2>Common Questions from Investors</h2> What is driving gold prices? Gold has eased from its January record of US$5,589.38 as investors priced in a more hawkish Federal Reserve. Central banks keep buying, though, adding 170 tonnes so far this year, and several major banks see gold returning toward US$5,000. What is Harvest Gold's strategy? Harvest is assembling a large, continuous land position in the Abitibi, one of the world's most productive gold belts. CEO Rick Mark says more high-grade results would let the company keep control of that package. How big is Harvest Gold's land position? Its Mosseau, LaBelle, and Urban Barry properties together cover 443 claims, about 23,740 hectares, and more than 50 kilometers of favorable strike. How does Harvest relate to Gold Fields' Windfall project? Harvest's properties lie about 45 to 70 kilometers west of Windfall, which Gold Fields expects to produce about 300,000 ounces of gold a year starting in 2029. The companies have no operational or partnership ties. What are Harvest's next catalysts? The main one is a fully funded drill program of about 4,000 meters in about 20 holes at Mosseau, which would also complete Harvest's earn-in of an 80% interest. Harvest is also owed CA$1 million once Blossom Gold closes a financing for the Rosebud project in Nevada. Does Harvest Gold have outside support? Crescat Capital owns 19.9% of the company and has participated in every Harvest financing since 2021, including its June raise. <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>Harvest Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. In addition, Harvest Gold Corp. 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 Harvest 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=32805"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32805" width="0" height="0"> ( Companies Mentioned: HVG:TSX.V;HVGDF:OTCMKTS, ) HVG:TSX.V;HVGDF:OTCMKTS Fri, 16 Oct 2026 00:00:00 PST Canada's Proposed Tax Overhaul Could Be a Game Changer for Gold Miners. Here's Why. https://www.streetwisereports.com/article/2026/10/16/canadas-proposed-tax-overhaul-could-be-a-game-changer-for-gold-miners-heres-why.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/canadas-proposed-tax-overhaul-could-be-a-game-changer-for-gold-miners-heres-why.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE) is generating positive free cash flow and investing millions in Canadian mine expansion as proposed tax changes could offer new incentives for domestic gold producers.<div> Canada's proposed Productivity Mega Deduction could reshape the economics of domestic mining investment, potentially allowing gold producers to retain more cash while developing new projects and expanding existing operations. The federal government introduced the proposal on September 15, 2026, outlining a permanent expansion of immediate tax deductions for qualifying business investments, including mining property and Canadian development expenses. According to a <a href="https://www.canada.ca/en/department-finance/news/2026/09/government-of-canada-introduces-new-productivity-mega-deduction-to-boost-canadas-advantage-as-the-most-competitive-g7-country-for-new-business-inve.html" target="_blank" rel="noopener">September 15 backgrounder from the Department of Finance Canada</a>, the proposal would expand the share of business investment in capital assets eligible for immediate expensing from approximately 15% to about two-thirds. Eligible businesses could deduct 100% of qualifying investments in the year assets become available for use, rather than depreciating those costs over several years. The government estimated that the measure would reduce Canada's marginal effective tax rate on new business investment from approximately 13% to 6.4%, compared with 16.9% in the United States. The proposal carries an estimated fiscal cost of CA$36 billion over five years. For Canada's mining industry, the implications could be substantial. Underground development, new equipment, and infrastructure expansion require significant upfront investment, often before additional production generates revenue. <a href="https://www.pwc.com/ca/en/services/tax/publications/tax-insights/canadas-productivity-mega-deduction-2026.html" target="_blank" rel="noopener">According to a September 2026 analysis from PwC Canada</a>, the proposed legislation would allow mining companies to immediately deduct qualifying Canadian development expenses incurred after September 15, 2026, rather than deducting them gradually through existing tax pools. The potential result is improved after-tax project economics and greater financial flexibility for producers investing in Canadian operations. However, the legislation remains proposed, and actual tax benefits would depend on qualifying expenditures, individual corporate tax positions, and final legislative provisions. <h2>West Red Lake Gold's Canadian Investment Strategy</h2> <a href="https://www.streetwisereports.com/pub/co/5614?utm_medium=feed" target="_blank" rel="noopener">West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE)</a> offers an example of a Canadian producer whose ongoing development activities could align with the proposed tax incentives. <a href="https://westredlakegold.com/west-red-lake-gold-declares-commercial-production-at-madsen-gold-mine/" target="_blank" rel="noopener">The company declared commercial production at its Madsen Mine in Ontario's Red Lake Gold District effective January 1, 2026,</a> and has since focused on increasing production while expanding access to additional high-grade mining areas. According to the <a href="https://westredlakegold.com/wp-content/uploads/2026/09/WRLG_CorpDeck_September2026.pdf" target="_blank" rel="noopener">company's 2026 investor presentation,</a> West Red Lake Gold targeted production of 35,000 to 45,000 ounces in 2026, with approximately 60% expected during the second half of the year. Its growth strategy includes underground connection drifts, shaft refurbishment, and development of additional mining areas, including the Fork satellite deposit and 904 Complex. The company outlined approximately CA$15 million in 2026 growth capital expenditures, including development associated with Fork. <a href="https://westredlakegold.com/west-red-lake-gold-reports-q2-2026-results-including-51-increase-in-gold-production-and-30-reduction-in-aisc/" target="_blank" rel="noopener">In its August 25, 2026, second-quarter financial results</a>, West Red Lake Gold reported CA$9.7 million in positive free cash flow, alongside a 51% quarterly increase in gold production to 8,576 ounces. Revenue reached CA$49 million, while all-in sustaining costs declined 30% to US$3,284 per ounce sold. "Q2 demonstrated the progress we are making at Madsen, with higher mining rates and gold production translating into stronger financial performance," President and CEO Shane Williams said in the release. The company also reported approximately CA$6.3 million in second-quarter non-sustaining growth capital expenditures, primarily associated with the Fork access drift and Madsen shaft refurbishment. Those investments are designed to increase underground access, improve hauling capacity, and support future production growth. Fork, located approximately 250 meters from the existing Madsen infrastructure, is targeted to enter the production profile in 2027. The company also plans to advance the 904 Complex into production during the first half of that year. These projects illustrate the types of Canadian mine development spending that could potentially qualify for accelerated deductions under the proposed Productivity Mega Deduction, provided the expenditures satisfy the legislation's eligibility and timing requirements. One consideration is West Red Lake Gold's existing tax position. Its presentation disclosed approximately CA$315 million in Canadian tax-loss carryforwards, which could affect the timing of any incremental cash-tax benefits from the proposed deduction. <h2>Free Cash Flow Takes Center Stage</h2> For Canadian gold producers, the proposed tax changes could strengthen the relationship between domestic investment and future free cash flow. Rather than waiting years to recover qualifying development costs through tax deductions, companies could potentially accelerate those deductions, reducing future taxable income and preserving capital for additional investment. <blockquote class="callOut left">Cantor Fitzgerald analyst Matthew O'Keefe reiterated his Buy rating and CA$2.20 price target on August 28.</blockquote> West Red Lake Gold has already demonstrated positive free cash flow while continuing to invest in its Canadian mining infrastructure. Although the company has not established which specific expenditures would qualify under the proposed legislation, its ongoing development program provides a practical example of the capital-intensive activities the government is seeking to encourage. As Canada advances the draft legislation, the potential impact on mine development costs, future tax liabilities, and free cash flow could become an increasingly important consideration for investors evaluating domestic gold producers. <h2>High-Grade Drilling Adds to Madsen's Growth Plans</h2> West Red Lake Gold also reported additional high-grade drilling results as it worked to expand future mining inventory at Madsen. According to a <a href="https://www.globenewswire.com/news-release/2026/09/22/3366077/0/en/west-red-lake-gold-reports-176-04-g-t-au-over-5-3m-128-32-g-t-au-over-4-5m-and-35-72-g-t-au-over-13-35m-from-austin-955-and-904-complexes.html">September 22 company news release</a>, drilling in the Austin 904, Austin 955, and South Austin areas returned several notable intercepts, including 176.04 grams per tonne (g/t) gold over 5.3 meters, with 925.52 g/t over one meter, and 128.32 g/t over 4.5 meters, including 566.81 g/t over one meter. The results were particularly relevant to the company's expansion strategy because the Austin 904 Complex contains an approximately 200-by-200-meter panel of previously unmined gold mineralization near existing underground infrastructure. The company said the area could support larger mining stopes and more efficient extraction as development advances. "The mineralized panels within the 904 and 955 complexes are holding together quite well with strong grades and continuity demonstrated across multiple areas," Vice President of Exploration Will Robinson said in the release. He added that the results supported the potential integration of these areas into the Madsen mine plan in 2027. A separate <a href="https://www.stockwatch.com/News/Item/Z-C!WRLG-3866239/C/WRLG">September 24 news release</a> highlighted the significance of the unmined material and West Red Lake Gold's broader hub-and-spoke development strategy. Under that approach, the Madsen mill could eventually process material from additional nearby deposits, including Starratt-Olsen and Rowan. The developments provide further context for the company's ongoing investment in underground access and infrastructure, although future production from these areas remains dependent on additional development and mine planning. <h2>Third Parties Highlight Madsen's Improving Production and Cash Flow</h2> West Red Lake Gold Mines Ltd.'s improving production and declining operating costs drew attention from analysts following the company's second-quarter results. <a href="https://www.streetwisereports.com/article/2026/09/02/red-lake-gold-producer-lifts-output-51-as-madsen-mill-ramp-targets-1-000-tpd.html?utm_medium=feed" target="_blank" rel="noopener">Cantor Fitzgerald analyst Matthew O'Keefe reiterated his Buy rating and CA$2.20 price target on August 28</a>, representing a potential 134% return from the August 27 closing price of CA$0.94. O'Keefe highlighted a 51% quarterly increase in gold production to 8,576 ounces, alongside a 34% rise in sales to 8,260 ounces. Mill throughput climbed 47% to 842 tonnes per day, with gold recovery holding near 95%. Cash costs declined 23% to US$2,000 per ounce, while all-in sustaining costs fell 30% to US$3,284 per ounce. Free cash flow improved from negative CA$6.1 million in the first quarter to positive CA$9.7 million in the second. With first-half production reaching 14,243 ounces, O'Keefe considered the company "on track to meet full-year guidance, with output still weighted to H2/26." He maintained his valuation based on an equally weighted combination of 0.6 times net asset value and six times estimated 2027 cash flow per share. "We expect WRLG's valuation multiples to expand as the company establishes and meets its production and cost guidance over the course of 2026 and 2027," he wrote. Upcoming catalysts included additional drilling results, shaft refurbishment, development at Fork, and an updated pre-feasibility study incorporating Madsen and Rowan. Jeff Clark, Daniel Flynn, and Sharyn Alexander of <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/our-red-lake-producer-hits-paydirt-plus-strong-updates-from-four-more-picks/" target="_blank" rel="noopener">The Paydirt Prospector</a> examined the company's latest underground drilling results in a September 24 report, highlighting an intercept of 176.04 grams per tonne gold over 5.3 meters, equivalent to approximately 933 gram-meters. The authors noted that the result exceeded their 100 gram-meter benchmark for a strong gold intercept by more than nine times. The newsletter viewed the results from the Austin 904 and 955 complexes as supporting West Red Lake Gold's longer-term strategy of developing Madsen into a central processing hub for additional high-grade mining areas. The authors pointed to the company's longer-term production objective of approximately 120,000 ounces annually, while emphasizing that achieving higher production rates and reducing operating costs remained important near-term priorities. The publication maintained its Hold recommendation, identifying the planned combined Madsen-Rowan pre-feasibility study as a key development to monitor. The authors also noted that West Red Lake Gold shares had gained approximately 6% following the drilling announcement but remained roughly 20% below levels preceding the company's earlier operating difficulties. Investor and newsletter writer Chen Lin of What is Chen Buying? What is Chen Selling? had offered a more cautious assessment on May 13, following the company's revised 2026 guidance. Lin pointed to challenges involving previously mined underground areas and the time required to develop access to new mining zones. "That's the wait for this mine to 'turn around,'" he wrote. "Investors need to be patient." [OWNERSHIP_CHART-5614] <h2>Ownership and Share Structure1</h2> Institutional investors hold approximately 30% of West Red Lake Gold's shares, with management and insiders holding another 10%. The remaining 60% is held by retail investors. The company's current market cap is CA$323 million, with a 52-week trading range of CA$0.59 to CA$1.49. <h2>Frequently Asked Questions About Canada's Proposed Mining Tax Changes and West Red Lake Gold</h2> What is Canada's new Productivity Mega Deduction for gold mining companies? Canada's proposed Productivity Mega Deduction would allow businesses to immediately deduct 100% of qualifying capital investments, including eligible mining property, equipment, and Canadian development expenses. Announced September 15, 2026, the proposal would expand immediate expensing to approximately two-thirds of business capital investment. The measure remains proposed legislation and has not yet become law. How could Canada's proposed tax changes benefit Canadian gold mining stocks? The proposed tax incentives could improve after-tax cash flow and project economics for Canadian gold mining companies by accelerating deductions for qualifying investments. Producing gold miners with taxable income could potentially retain more cash for underground mine development, equipment purchases, exploration-related development, and production expansion. The actual tax benefits would depend on the types of expenditures incurred, each company's tax position, and the final legislation. Could West Red Lake Gold benefit from Canada's proposed mining tax incentives? West Red Lake Gold Mines Ltd. is investing in underground development at its Madsen Mine in Ontario, including connection drifts, shaft refurbishment, and access to the Fork satellite deposit. Certain qualifying expenditures incurred on or after September 15, 2026, could potentially receive immediate-expensing treatment. However, the company has not confirmed eligibility, and its approximately CA$315 million in Canadian tax-loss carryforwards could affect the timing of any additional tax savings. Is West Red Lake Gold producing gold and generating positive free cash flow in 2026? Yes. West Red Lake Gold declared commercial production at its Madsen Mine effective January 1, 2026. The company reported CA$9.7 million in positive free cash flow during the second quarter, compared with negative CA$6.1 million in the first quarter. Gold production increased 51% to 8,576 ounces, while all-in sustaining costs declined 30% to US$3,284 per ounce sold. What is West Red Lake Gold's 2026 production forecast? West Red Lake Gold maintained full-year 2026 production guidance of 35,000 to 45,000 ounces at the Madsen Mine, with approximately 60% of annual output expected during the second half. The company continued increasing mining rates, advancing underground development, and targeting higher mill throughput as part of its production ramp-up. What are West Red Lake Gold's plans for the Fork deposit and Madsen Mine expansion? West Red Lake Gold outlined approximately CA$15 million in 2026 growth capital spending, including development associated with the Fork satellite deposit. Fork and the 904 Complex were targeted to enter the production profile in 2027. The company also continued work on underground access drifts and shaft improvements intended to support higher production and greater operational flexibility. What is the analyst price target for West Red Lake Gold stock? Cantor Fitzgerald analyst Matthew O'Keefe reiterated a Buy rating and CA$2.20 price target for West Red Lake Gold on August 28, 2026. That target represented approximately 134% potential upside from the August 27 closing price of CA$0.94. O'Keefe cited improving gold production, declining operating costs, and the company's progress toward its 2026 production guidance. The price target reflected the analyst's assessment at that time and was not a guaranteed return. Why are free cash flow and tax deductions important for gold mining investors? Free cash flow measures cash remaining after operating expenditures and capital investments, providing insight into a gold producer's ability to fund expansion, reduce debt, or strengthen its balance sheet. Canada's proposed immediate-expensing rules could allow qualifying mining investments to generate tax deductions sooner, potentially improving future after-tax cash flow. For investors evaluating Canadian gold mining stocks, production growth, all-in sustaining costs, capital spending, and cash generation remain important financial indicators. <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> <div> </div> </div> </div> </div> </div> </div>Important Disclosures:<ol> <li>West Red Lakes Gold Mines Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</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=32791"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32791" width="0" height="0"> ( Companies Mentioned: WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE, ) WRLG:TSX.V; WRLGF:OTCQX; UJ0:FSE Fri, 16 Oct 2026 00:00:00 PST Zoomcar's Rupee Growth Hidden by Weaker INR vs USD Reporting https://www.streetwisereports.com/article/2026/10/16/zoomcars-rupee-growth-hidden-by-weaker-inr-vs-usd-reporting.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/zoomcars-rupee-growth-hidden-by-weaker-inr-vs-usd-reporting.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> Zoomcar Holdings Inc.'s (ZCAR:OTCQB) Q1 net revenue rose 2% in U.S. dollars but grew ~10% in rupee terms as the weaker INR masked underlying double-digit local-currency expansion.<a href="https://www.streetwisereports.com/pub/co/11657?utm_medium=feed" target="_blank" rel="noopener">Zoomcar Holdings Inc. (ZCAR; OTCQB)</a>, India's largest peer-to-peer car-sharing marketplace, reported <a href="https://www.nasdaq.com/press-release/zoomcar-delivers-record-contribution-profit-165-million-margin-booking-rises-70-or" target="_blank" rel="noopener">fiscal Q1 results</a> ended June 30, 2026, showing how a weaker Indian rupee against the U.S. dollar understated the company's underlying growth. In August 2026, the company stated that net revenue reached US$2.35 million, up 2% year-over-year, arguing that revenue grew at a double-digit rate in rupee terms. <h2>Key Investor Takeaways</h2> <ul> <li> Reported Q1 net revenue of US$2.35 million masks roughly 10% growth in Indian rupee (INR) terms due to INR depreciation against the dollar. </li> <li> Contribution profit reached a record US$1.65 million, up 45%, with margins expanding to 70% of net revenue. </li> <li> The deliberate 16% drop in bookings to 88,160 prioritized longer, higher-value trips, lifting contribution profit per booking 72% to US$18.75. </li> <li> Adjusted EBITDA loss narrowed 65% to US$0.61 million, the lowest in 11 quarters. </li> <li> The company's partnership with Bureau aims to strengthen real-time user verification and fraud-risk assessment. </li> </ul> <h2>Latest News and Q1 Highlights</h2> Zoomcar served 88,160 bookings in Q1 2026, down 16% as it shifted focus to longer, higher-value trips. Gross booking value totaled US$5.83 million, down 10% in U.S. dollar terms. The company said the decline was considerably smaller when measured in Indian rupees. Contribution profit hit a record US$1.65 million, up 45% from US$1.14 million, with margins expanding to 70% of net revenue from 49%. The adjusted EBITDA loss narrowed 65% to US$0.61 million, the lowest the company has reported in 11 quarters. Zoomcar earns all revenue in Indian rupees but reports in U.S. dollars. Management noted during the <a href="https://www.benzinga.com/news/26/09/61865226/transcript-zoomcar-holdings-q1-2026-earnings-conference-call" target="_blank" rel="noopener">Aug. 14, 2026, earnings call</a> that the rupee weakened meaningfully against the dollar over the period. Net revenue increased 2% in U.S. dollar terms but grew at a double-digit rate in rupee terms. Currency translation, therefore, masked part of the underlying local-currency growth. In other news, on October 8, 2026, Zoomcar announced a <a href="https://www.prnewswire.com/news-releases/zoomcar-partners-with-bureau-to-strengthen-real-time-user-verification-and-fraud-risk-assessment-302902694.html" target="_blank" rel="noopener">partnership with Bureau</a>, a global risk-decisioning platform, to strengthen real-time user verification and fraud-risk assessment across its digital marketplace. The partnership is intended to help Zoomcar strengthen fraud-prevention measures while maintaining a straightforward booking experience for legitimate users. This collaboration adds another layer to Zoomcar's efforts to improve marketplace trust and operating efficiency for its customers. Its platform connects vehicle owners with customers, making user verification and fraud prevention relevant to protecting both sides of the marketplace. <h2>P2P Car Sharing Is a Growing Market</h2> The global P2P car-sharing market was valued at US$2.77 billion in 2025 and is projected to reach US$3.36 billion in 2026 and US$8.82 billion by 2031, representing a 21.3% CAGR, according to <a href="https://www.mordorintelligence.com/industry-reports/peer-to-peer-car-sharing-market" target="_blank" rel="noopener">Mordor Intelligence</a>. A similar outlook comes from <a href="https://www.maximizemarketresearch.com/market-report/global-peer-to-peer-p2p-car-sharing-market/73326/" target="_blank" rel="noopener">Maximize Market Research</a>, which valued the market at US$2.3 billion in 2025 and forecasts growth to nearly US$10.42 billion by 2032 at a 24.12% CAGR. Market growth is being fueled by a generational shift away from vehicle ownership, particularly among digitally connected urban residents who favor access over ownership. Venture capital investment is helping platforms expand, while municipal regulations increasingly support low-emission, high-utilization fleets, according to <a href="https://www.maximizemarketresearch.com/market-report/global-peer-to-peer-p2p-car-sharing-market/73326/" target="_blank" rel="noopener">Maximize Market Research</a>. <blockquote class="callOut left">Technical analyst Stewart Thomson rated Zoomcar a "Speculative Buy."1</blockquote> Smartphone adoption has also simplified the booking process, enabling companies to expand internationally without building large fixed-asset bases. Regionally, Europe accounted for 36.10% of market revenue in 2025, while Asia-Pacific is projected to record the fastest growth, with a 26.20% CAGR through 2031, according to the same report. This positions India and other Asia-Pacific markets as important areas for future expansion. P2P platforms also have a distinct business model within the broader car-rental industry. By connecting private vehicle owners with renters, these platforms allow owners to generate income from underused vehicles while expanding available supply without requiring operators to purchase fleet inventory. This structure reduces capital requirements, according to <a href="https://www.coherentmarketinsights.com/market-insight/peer-to-peer-carsharing-market-6039" target="_blank" rel="noopener">Coherent Market Insights</a>. A similar growth opportunity exists in India's broader car-rental market, which is valued at US$3.37 billion in 2026 and is projected to reach US$4.78 billion by 2031, representing a 7.27% CAGR, according to <a href="https://www.mordorintelligence.com/industry-reports/india-car-rental-market" target="_blank" rel="noopener">Mordor Intelligence's India report</a>. Within this market, the self-drive segment is expected to grow at a 7.92% CAGR through 2031, outpacing the overall car-rental market. <h2>Technical Analyst Identifies 'Bull Wedge Pattern'</h2> 1Technical analyst <a href="https://www.streetwisereports.com/article/2026/08/07/top-indian-mobility-provider-bullish-charts-ten-consecutive-quarters-of-positive-contribution-profit.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson</a> rated Zoomcar a "Speculative Buy" on August 7, 2026, setting a short-term price target of US$0.15, a medium-term target of US$0.19, and a long-term target of US$0.24. Thomson identified a bull wedge pattern on Zoomcar's price chart, with a target in the US$0.24 range. He also highlighted a surge in trading volume over the preceding three months, a bullish signal from the oversold Stochastics oscillator, and an oversold Money Flow Index at a level where, he noted, significant price rallies can occur. <h2>Operational Developments and Financing</h2> The company launched <a href="https://finance.yahoo.com/small-business/articles/zoomcar-adds-motorcycle-scooter-rentals-133000537.html" target="_blank" rel="noopener">a two-wheeler rental pilot in Bangalore. </a>It has also pursued additional financing through bridge funding and other securities offerings. Its warrant exchange tender offer was approved by shareholders, as disclosed in the company's Q1 results release. The Bureau partnership complements these operational initiatives by focusing on verification and risk assessment across the user journey. It is a technology and risk-management development rather than a reported Q1 financial result, and its effect on fraud losses, contribution margins, or cash flow remains to be seen. Zoomcar continues steering toward higher-value bookings and marketplace efficiency. Management has highlighted structural improvements in unit economics as positioning the platform for further progress in India's mobility market. Investors can also watch how Zoomcar implements the Bureau partnership and whether improved real-time verification contributes to lower fraud-related losses without creating additional friction for legitimate users. The company has not yet disclosed a quantified financial impact from the collaboration. [OWNERSHIP_CHART-11657] <h2>Ownership & Share Information2</h2> Zoomcar Holdings Inc. has a market cap of US$19.59 million, with 8.77 million shares outstanding. The company's 52-week range is US$0.06-$0.32. Management & Insiders own 11.69% of shares, while the remaining 88.31% of shares are held by Retail. <h2>Frequently Asked Questions</h2> How does the weaker rupee affect Zoomcar's reported results? Zoomcar earns revenue in rupees but converts it to U.S. dollars for reporting. A weaker rupee reduces the U.S. dollar value of the same rupee revenue, so the reported 2% U.S. dollar growth reflects roughly 10% underlying rupee growth after translation. What drove the 2% reported revenue increase? Net revenue grew roughly 10% in rupee terms, but currency translation reduced the reported U.S. dollar growth rate. The quarter also featured higher contribution profit and a shift toward higher-value bookings, partially offset by fewer total bookings. Is the company still focused on profitability? Yes. Zoomcar reported its eleventh consecutive quarter of positive contribution profit. Contribution profit reached a record US$1.65 million, the contribution margin rose to 70% of net revenue, and the adjusted EBITDA loss narrowed to US$0.61 million, its lowest level in the eleven quarters presented. What is Zoomcar's partnership with Bureau intended to accomplish? The partnership is designed to strengthen real-time user verification and fraud-risk assessment. What is the next catalyst for Zoomcar? Potential developments include continued execution on higher-value trips, expansion of two-wheeler rentals, progress on liquidity initiatives, and implementation of the Bureau partnership. How does Zoomcar's business model work? Zoomcar operates a peer-to-peer car-sharing marketplace that connects vehicle owners with people seeking short-term access to cars. The model allows owners to monetize vehicles while providing users with an alternative to traditional car ownership. What is peer-to-peer car sharing? Peer-to-peer car sharing is a mobility model in which individuals rent their personal vehicles to other users through a digital platform. Unlike traditional rental companies, P2P platforms generally do not need to own the entire vehicle fleet. Why is peer-to-peer car sharing growing? P2P car sharing is benefiting from increased consumer interest in access over vehicle ownership, smartphone-based booking, and the ability to use vehicles without purchasing and maintaining them. <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>Zoomcar Holdings Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Zoomcar Holdings Inc. </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. Disclosure for the quote from the Stewart Thomson article published on August 7, 2026 <ol> <li> <div data-olk-copy-source="MailCompose">For the quoted article (August 7, 2026), Zoomcar Holdings Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.</div> </li> <li> <div>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.</div> </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=32758"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32758" width="0" height="0"> ( Companies Mentioned: ZCAR; OTCQB, ) ZCAR; OTCQB Fri, 16 Oct 2026 00:00:00 PST Cambria Gold Mines Advances Red Mountain Road Permit Amid Strong Analyst Targets https://www.streetwisereports.com/article/2026/10/16/cambria-gold-mines-advances-red-mountain-road-permit-amid-strong-analyst-targets.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/cambria-gold-mines-advances-red-mountain-road-permit-amid-strong-analyst-targets.html?utm_medium=feed">Streetwise Reports 10/16/2026</a> Cambria Gold Mines Inc. (CAMB:TSXV; CAMVF:OTCQX) secures the final permit for Red Mountain access road construction and advances development plans.<a href="https://www.streetwisereports.com/pub/co/6795?utm_medium=feed">Cambria Gold Mines Inc. (CAMB:TSX.V; CAMVF:OTCQX)</a> received the final Fisheries Act Authorization permit for Red Mountain access road construction on September 21, 2026, enabling in-stream work and advancing toward Bromley Humps access by year-end, according to <a href="https://www.globenewswire.com/news-release/2026/10/05/3374444/0/en/cambria-gold-mines-announces-development-and-construction-update-at-red-mountain-and-premier-gold-projects-additions-to-engineering-team-and-warrants-exercised-to-date.html" target="_blank" rel="noopener">the company's October 5, 2026, news release</a>. This update positions the company to truck mill feed from Red Mountain to the mill at its Premier Gold Project (PGP), targeting commissioning of the 2,500-tonne-per-day mill in Q4 2027. Access to the Bromley Humps area is targeted by the end of 2026, while construction of the alpine portion of the road to the deposit is anticipated during the 2027 construction season. For CEO Robert McLeod, the two gold projects represent more than a development opportunity. In an exclusive October 8, 2026, interview with Streetwise Reports, McLeod shared that his family has worked at Premier for generations, and he began his own mining career there before working at Red Mountain as a geologist. The McLeod family history creates a personal connection between Cambria's development plans and a beloved mining community that has experienced economic challenges over the past several decades. <h2>Key Investor Takeaways</h2> <ul> <li>Cambria secured the key Red Mountain road permit in September 2026, advancing construction toward the planned 2027 mill feed delivery.</li> <li>Canaccord Genuity's May 2026 report included a Speculative Buy rating and CA$2.30 price target, and highlighted the company's development timeline.</li> <li>More than CA$45.9 million received from warrant exercises supports ongoing engineering, drilling, and water management upgrades.</li> <li>PGP mill commissioning is targeted for Q4 2027, with Red Mountain expected to supplement feed once road access is complete.</li> <li>An updated feasibility study from SLR Advisors, targeted for H1 2027, is expected to incorporate the combined project economics.</li> <li>Historical production, existing infrastructure, and ongoing infill drilling underpin the development plan.</li> </ul> <h2>Latest Development and Construction Update</h2> <a href="https://cambriagold.com/news/cambria-gold-mines-announces-development-and-construction-update-at-red-mountain-and-premier-gold-projects-additions-to-engineering-team-and-warrants-exercised-to-date/" target="_blank" rel="noopener">Cambria's October 5, 2026, release</a> detailed ongoing infill drilling, underground infrastructure upgrades at Premier-Northern Lights, water treatment plant improvements, and mill optimization planning at PGP. Cambria has received more than CA$45.9 million from warrant exercises. The company has also reported sufficient mineralization at PGP to support initial mining, with Red Mountain expected to supplement the operation once road construction is complete. McLeod said the company is advancing permitting, drilling, engineering, and construction at both projects as it prepares for mining and processing. In the October 8 interview with Streetwise Reports, he described gold projects as his personal passion projects. "There's a real importance to me in terms of getting a successful operation," McLeod said, referring to his family's history with the mines and the economic challenges facing his hometown of Stewart, British Columbia. McLeod's connection to Premier dates back more than a century through his family. His grandparents immigrated from Scotland in 1925, and his grandfather worked at the mine. His father also worked there in the 1950s, while his uncle built a replacement mill in the 1960s after the original facility burned down. McLeod began his own career at Premier while attending university, working in the mill before moving into geology. After graduating in the early 1990s, he began his geological career at Red Mountain. The project's history is also reflected in past production and exploration. McLeod said more than 2 million ounces of gold have been mined from the deposits to date, while nearly 3 million ounces of resources have been delineated through drilling. "I believe that there's a lot more to be discovered." Existing infrastructure is another component of the development plan. McLeod pointed to the mill and other infrastructure already in place, which he said represent substantial capital investment that shareholders can now benefit from as the company advances toward production. "There aren't a lot of near-term gold producers in North America or Canada right now that are substantial," he said. "And this is certainly one of them." <h2>The Gold Sector in Recovery</h2> Gold prices remain elevated in October 2026 following a historic rally earlier in the year, although recent volatility has highlighted the influence of interest-rate expectations, currency movements, and investor positioning. Spot gold fell toward US$4,075 per ounce on October 15 before rebounding as the U.S. dollar weakened and Treasury yields declined. U.S. gold futures also recovered, settling near US$4,170 per ounce on October 15. The pullback from January's record highs above US$5,500 per ounce illustrates how inflation data and expectations for Federal Reserve policy continue to shape the market. <a href="https://www.reuters.com/world/india/gold-rebounds-one-week-low-dollar-slips-2026-10-15" target="_blank" rel="noopener">Reuters</a> reported that gold rebounded more than 1% on October 14, supported by a softer dollar and lower Treasury yields. Investor demand and central-bank purchases continue to provide support for the gold market, even as higher prices and volatility weigh on some consumer demand. According to the <a href="https://www.gold.org/goldhub/gold-focus/2026/10/china-gold-market-update-q3-ends-strong-official-gold-buying" target="_blank" rel="noopener">World Gold Council's October 15 update</a>, the People's Bank of China added 23 metric tons of gold to its reserves in September, its largest monthly purchase since October 2023. The addition brought China's third-quarter purchases to 63 metric tons and its year-to-date accumulation to 103 metric tons. Chinese gold-backed exchange-traded funds also recorded their third consecutive month of inflows in September, with holdings reaching a record 304 metric tons. However, China's wholesale gold demand declined 21% year over year in the third quarter, reflecting continued weakness in jewelry consumption. <div> <div></div> </div> Broader investment flows also remain an important factor in gold's outlook. In its <a href="https://www.gold.org/goldhub/research/investment-commentary" target="_blank" rel="noopener">October 2026 investment commentary</a>, the World Gold Council noted that higher U.S. Treasury yields and a stronger dollar contributed to September's price decline despite substantial inflows into gold ETFs. The organization also highlighted ongoing geopolitical tensions, fiscal concerns, and uncertainty around monetary policy as factors supporting investment interest. These competing influences leave gold sensitive to incoming economic data and central-bank decisions, while continued official-sector purchases and investment demand could provide support if market uncertainty persists. Gold's outlook remains sensitive to inflation, interest-rate expectations, and currency movements. In an <a href="https://www.wsj.com/finance/commodities-futures/gold-rises-on-possible-technical-correction-28090dcd" target="_blank" rel="noopener">October 15, 2026, report</a>, The Wall Street Journal reported that gold futures rose 1.54% to settle at US$4,147.70 per ounce as U.S. Treasury yields declined and the dollar weakened. Despite the rebound, gold remained below its January peak, with persistent inflation and the prospect of further Federal Reserve rate increases continuing to weigh on the market. For mining and exploration companies, these fluctuations underscore the importance of evaluating project economics against both elevated gold prices and the possibility of further price corrections <h2>Analysts Weigh in on Cambria</h2> Canaccord Genuity initiated coverage with a Speculative Buy rating and CA$2.30 price target on May 5, 2026, citing progress toward <a href="https://stockanalysis.com/quote/tsxv/CAMB/forecast/" target="_blank" rel="noopener">Q4 2027 commissioning</a>. <a href="https://www.marketscreener.com/quote/stock/CAMBRIA-GOLD-MINES-INC-1409020/consensus/" target="_blank" rel="noopener">Raymond James</a> upgraded Cambria to "Outperform" on March 17, 2026. Consensus among <a href="https://stockanalysis.com/quote/tsxv/CAMB/forecast/" target="_blank" rel="noopener">four analysts</a> according to Stockanalysis stands at "Buy," with an average target of CA$1.92, compared with recent trading levels near CA$0.76 to CA$0.98. Cambria's permitting progress and funding inflows support its development plan as it works toward the restart of the PGP mill and delivery of Red Mountain material. Sector peers have faced varying operational and financing challenges, while Cambria's planned <a href="https://www.northernminer.com/subscribe-login/?id=1003895453">feasibility study completion</a> for H1 2027 represents a key milestone for evaluating the combined projects. McLeod's emphasis on the projects' history and community connections also provides context for the company's development strategy. The CEO described the gold assets as both a business opportunity and a continuation of the mining industry's role in Stewart. [OWNERSHIP_CHART-6795] <h2>Ownership & Share Information1</h2> Cambria Gold Mines Inc. has a market capitalization of CA$323.8 million, with around 426 million shares outstanding. The company's reported 52-week trading range is CA$0.60 to CA$3.50. Institutions own 23.70% of shares, while strategic investors own 42.20%. Insiders and management own 3.70%, and the remaining 30.40% of shares are held by retail investors. <h2>Frequently Asked Questions</h2> What is the latest on Red Mountain permitting? The company received the final Fisheries Act Authorization for Red Mountain access road construction on September 21, 2026. It is targeting access to the Bromley Humps area by the end of 2026, while construction of the alpine portion of the road to the deposit is anticipated during the 2027 construction season. How do analysts view Cambria's timeline? Canaccord Genuity has a Speculative Buy rating and a CA$2.30 price target, while Raymond James has an Outperform rating. What funding supports the development plan? More than CA$45.9 million from warrant exercises supports ongoing development, engineering, and operations-readiness work. When is the next major catalyst? Cambria is targeting completion of an updated feasibility study for the combined Red Mountain and PGP projects in the first half of 2027. What is a Fisheries Act Authorization? A Fisheries Act Authorization is a Canadian federal regulatory approval that permits work that could result in the alteration, disruption, or destruction of fish habitat or the death of fish. For a mining project, the authorization can establish conditions that must be followed during activities such as road construction and in-stream work. What is mill feed? Mill feed is ore or other mineralized material delivered to a processing facility for treatment. In Cambria's case, material from Red Mountain is planned to be transported to the Premier Gold Project mill for processing. What is mill commissioning? Mill commissioning is the process of testing and bringing a mineral processing facility into operational service. It generally involves checking equipment and systems, introducing material, and progressively increasing throughput to establish that the facility can operate as intended. What is an infill drilling program? Infill drilling involves drilling additional holes within or around a previously defined mineralized area to provide more closely spaced geological information. The results can help improve understanding of the continuity, grade, and geometry of mineralization and may support future resource estimates. What is a feasibility study? A feasibility study is a detailed technical and economic assessment of a proposed mining project. It typically evaluates factors such as mine design, processing, infrastructure, capital and operating costs, production assumptions, environmental considerations, and projected economics to assess whether a project can be developed as planned. <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>Cambria Gold Mines Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</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 Cambria Gold Mines Inc. </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=32748"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32748" width="0" height="0"> ( Companies Mentioned: CAMB:TSX.V;CAMVF:OTCQX, ) CAMB:TSX.V;CAMVF:OTCQX Fri, 16 Oct 2026 00:00:00 PST Energy Fuels Races to Fortify US Rare Earth Supply as FORTRESS America Takes Shape https://www.streetwisereports.com/article/2026/10/16/energy-fuels-races-to-fortify-us-rare-earth-supply-as-fortress-america-takes-shape.html Source: <a href="https://www.streetwisereports.com/article/2026/10/16/energy-fuels-races-to-fortify-us-rare-earth-supply-as-fortress-america-takes-shape.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) is expanding its mine-to-magnet rare earth business as the Department of War's new FORTRESS America program puts supply chains in focus. Find out why one newsletter editor sees long-term value but is urging caution for now.<h2>Key Investor Takeaways</h2> <ul> <li>Terbium oxide from Energy Fuels' White Mesa Mill in Utah has been qualified by a major Japanese permanent magnet manufacturer, adding to earlier qualifications of its NdPr and dysprosium oxides.</li> <li>The Department of War's FORTRESS America program, established Sept. 30, names supply-chain and defense-industrial base resilience as one of its five pillars, though it does not name specific materials, companies, or funding.</li> <li>On Oct. 13, Energy Fuels amended its roughly US$1.9 billion deal for German magnet maker VAC to add a purchase price adjustment tied to a customer dispute at VAC's South Carolina plant. The deal is expected to close in early 2027.</li> <li>The completed ASM acquisition added a South Korean alloy plant being expanded to 3,600 tonnes a year, while a US$104 million White Mesa expansion targets terbium and dysprosium commissioning in Q4 2027.</li> <li>Energy Fuels reported about US$996 million in working capital as of June 30, giving it room to fund acquisitions and expansions.</li> <li>Newsletter editor Chris Temple called Energy Fuels a "solid long-term" company but expects near-term share price weakness.</li> <li>Long-term uranium contract prices hit a record US$96 a pound in August, driven in part by rising power demand from AI data centers.</li> </ul> <h2>Energy Fuels Lines Up as FORTRESS America Targets Supply Chains</h2> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) is among the U.S. companies working to secure the critical materials the military depends on, as the Department of War launches its new FORTRESS America program, according to a release published by the <a href="https://investingnews.com/new-fortress-america-program-elevates-defense-supply-chain-resilience/" target="_blank" rel="noopener">Investing News Network</a>. The release noted that terbium oxide produced at Energy Fuels' White Mesa Mill in Utah has been qualified by a major Japanese permanent magnet manufacturer, adding to earlier qualifications of its neodymium-praseodymium (NdPr) and dysprosium oxides. <h2>Washington Builds a Fortress Around Its Supply Chain</h2> The September 30 memorandum establishes FORTRESS America as a Department of War program built around five pillars: energy independence; supply-chain and defense-industrial base resilience; a strategic defense reserve; installation hardening and cyber resilience; and resilience in space and spectrum. The document directs the Under Secretary of War for Acquisition and Sustainment to stand up a Program Office within 30 days. It does not name specific materials, companies, or funding. Energy Fuels is one of several companies building domestic rare earth capacity. MP Materials Corp. (MP:NYSE) is developing a magnet campus in Northlake, Texas, with about 10,000 tonnes of annual NdFeB magnet capacity and commissioning set for 2028. USA Rare Earth Inc. (USAR:NASDAQ) completed its combination with Brazil's Serra Verde on September 3 and broke ground on a magnet plant in South Carolina on September 9. <h2>Energy Fuels Adds a Safety Net to Its US$1.9 Billion Magnet Deal</h2> Energy Fuels is also reworking the terms of its largest deal. On October 13, the company and German magnet maker Vacuumschmelze (VAC) signed a first amendment to their merger agreement. According to Energy Fuels' <a href="https://www.stocktitan.net/sec-filings/UUUU/8-k-energy-fuels-inc-reports-material-event-a236cc88543b.html" target="_blank" rel="noopener">Form 8-K filing</a>, it addresses "the potential settlement of such dispute, repayment of certain indebtedness and potential purchase price adjustments." The dispute involves e-VAC Magnetics LLC, VAC's U.S. affiliate, and a customer under a commercial supply agreement. VAC's plant in Sumter, South Carolina, was built to support that offtake agreement, and the filing said the plant "currently has available production capacity to support the existing offtake agreement in full." Energy Fuels' purchase price estimate assumes a reasonable settlement amount. If the dispute is resolved for less than that, "the difference will be compensated for via this price adjustment," the filing said. If the outcome is better, "the difference will accrue to VAC," which Energy Fuels will own after closing. The same filing showed VAC's revenue for the first half of 2026 at €211.5 million, up 34.8% from €156.9 million a year earlier. Energy Fuels <a href="https://pulse2.com/energy-fuels-to-acquire-vac-for-1-9-billion/" target="_blank" rel="noopener">announced the VAC deal on June 23</a>. Based on Energy Fuels' share price at the time, it is worth about US$1.9 billion in equity: US$718 million in cash plus 65.853 million new Energy Fuels shares. Energy Fuels will also assume about US$140 million of VAC's adjusted net debt. VAC is headquartered in Hanau, Germany, has more than 100 years of production experience, holds more than 400 patents, and serves more than 1,000 customers. Its Sumter plant has a capacity for 2,000 tonnes of permanent magnets a year, with a pathway to 12,000 tonnes. The deal is expected to close in early 2027, subject to regulatory approvals. The Department of War's Office of Strategic Capital has made a conditional <a href="https://kalkinemedia.com/us/news/announcements/energy-fuels-progresses-australian-strategic-minerals-acquisition-with-supplemental-filings-and-725m-department-of-war-financing" target="_blank" rel="noopener">US$725 million financing commitment</a> to support the planned acquisition. "This is a transformational moment for Energy Fuels and the global rare earth supply chain," President and CEO Ross Bhappu said when the deal was announced. <h2>Energy Fuels Tackles the Heavy Rare Earth Bottleneck</h2> On August 28, Energy Fuels <a href="https://pulse2.com/energy-fuels-completes-australian-strategic-materials-acquisition-as-ndfeb-alloy-capacity-targets-3600-tonnes-annually/" target="_blank" rel="noopener">completed its acquisition of Australian Strategic Materials</a> (ASM). The deal added the Korean Metals Plant in Ochang, South Korea, which can make about 1,300 tonnes a year of NdFeB alloy and is being expanded to 3,600 tonnes, with commissioning possible as early as the end of 2026. It also brought in the Dubbo critical minerals project in Australia. On July 29, the company <a href="https://www.kitco.com/news/off-the-wire/2026-07-30/energy-fuels-kicks-utah-rare-earth-expansion-boost-us-magnet-supply" target="_blank" rel="noopener">began construction on a US$104 million heavy rare earth expansion</a> at White Mesa. The expansion is designed to produce up to about 20 tonnes of terbium oxide and 120 tonnes of dysprosium oxide a year, along with samarium, europium, and gadolinium oxides. <blockquote class="callOut left">Chris Temple, editor and publisher of The National Investor, first recommended the stock at around US$1.50 per share and now rates it a Hold "due to my macro worries."</blockquote> The terbium and dysprosium circuits are expected to be commissioned in Q4 2027. The mill can already produce up to 1,000 tonnes of NdPr oxide a year. "Heavy rare earth production is a severe pinch point in North American and European permanent magnet supply chains," Bhappu said. To feed White Mesa, Energy Fuels holds a 12.7% interest in the Donald Project in Australia, with an option to increase that to 49%. Donald is expected to supply 8,500 to 9,500 tonnes of monazite a year from 2028, subject to a final investment decision. The company is also developing its wholly owned Vara Mada project in Madagascar and the Bahia project in Brazil. A planned Phase 2 expansion would let White Mesa process 60,000 tonnes of monazite a year by 2029, raising capacity to 6,294 tonnes of NdPr oxide, 288 tonnes of dysprosium oxide, and 80 tonnes of terbium oxide a year. In its <a href="https://www.cruxinvestor.com/posts/energy-fuels-reports-second-quarter-of-2026-results-advances-western-mine-to-magnet-platform" target="_blank" rel="noopener">second quarter results</a>, Energy Fuels reported working capital of about US$996 million as of June 30. That included US$58.4 million in cash and US$878.3 million in marketable securities. It posted a net loss of US$33.6 million, which it attributed mainly to transaction costs and higher operating expenses. The company produced 865,000 pounds of finished uranium oxide in the quarter at a weighted-average cost of US$23 a pound and sold 310,000 pounds. <h2>Newsletter Editor Sees Long-Term Value, Near-Term Pain</h2> Chris Temple, editor and publisher of The National Investor, first recommended the stock at around US$1.50 per share and now rates it a Hold "due to my macro worries." Temple said rare earth and uranium stocks have joined "the bloodletting of recent months," partly on doubts about "how fast they will realistically be profiting from real/imagined new data centers." Even so, he wrote, "Chronic supply shortages will get worse going forward," because the commitments needed to bring on new supply "STILL ARE NOT THERE IN SUFFICIENT MEASURE." He advised subscribers holding about 1% of their portfolio in Energy Fuels to "do nothing." "If you have 3-4% or more, especially, though, lighten up," he wrote. <h2>Other Newsletter Writers See Opportunity in the Selloff</h2> Shad Marquitz of Excelsior Prosperity called Energy Fuels "a very unique hybrid company" in an <a href="https://excelsiorprosperity.substack.com/p/critical-minerals-carnage-creates" target="_blank" rel="noopener">October 12 post</a>, noting it mines, produces, and processes both uranium and rare earths. "There really isn't another company positioned quite like Energy Fuels; in the rare earths, critical minerals, and uranium production and processing space," wrote Marquitz, who lists the stock among his key portfolio positions. Marquitz said the stock's slide since May, to a weekly close of US$9.96, is at odds with the company's improving fundamentals, and that the market "has been totally asleep" to the VAC and ASM acquisitions. The selloff "is a true market disconnect; one that can be exploited by savvy investors that are paying attention," he wrote. Chen Lin, who writes What Is Chen Buying? What Is Chen Selling?, did just that. "UUUU dropped below 10! I used the opportunity to add more here," Lin wrote on Oct. 12. "If you want to play safe, you can sell some upside calls as we did before." He added that the company is "aiming at 1 billion in cash flow by 2030." Gary Tanashian of Notes from the Rabbit Hole was more cautious <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed" target="_blank" rel="noopener">in an October 15 post</a>. He called Energy Fuels a "Uranium/REE combo" that produces uranium and vanadium and processes rare earths at operations in Colorado, Utah, Wyoming, and Arizona. "I like the 'combo' aspect and the fact that UUUU is taking growth initiatives," Tanashian wrote. He noted the stock was trading at US$9.27, down about 67% from its 2026 high of US$27.90, adding, "But at this time I am just watching and waiting." <h2>Uranium Contract Prices Hit Records as Power Demand Climbs</h2> Long-term uranium contract prices reached a record US$96 a pound in August, topping the previous cycle high from nearly two decades ago, according to Sprott Asset Management's Jacob White, the <a href="https://investingnews.com/uranium-forecast/" target="_blank" rel="noopener">Investing News Network</a> reported. Spot uranium ended the third quarter at US$89.50, up 4.17%. AI is a big driver. The International Energy Agency projected that data center power use will <a href="https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/041025-global-data-center-power-demand-to-double-by-2030-on-ai-surge-iea" target="_blank" rel="noopener">more than double to about 945 terawatt-hours by 2030</a>. Tech companies want steady, carbon-free supply: Alphabet Inc. Class A's (GOOGL:NASDAQ) Google signed a 20-year power deal with Constellation Energy Corp. (CEG:NASDAQ) tied to a US$4.3 billion upgrade of 11 nuclear units. The World Nuclear Association expects reactor demand for uranium to <a href="https://www.miningweekly.com/article/uranium-demand-set-to-surge-28-by-2030-as-nuclear-power-gains-momentum-wna-says-2025-09-05" target="_blank" rel="noopener">rise 28% by 2030 and more than double by 2040</a>, warning that "shortfalls could occur after 2030." New uranium projects typically take 15 to 20 years to develop, according to the 2026 Red Book. Policy adds pressure. A U.S. ban on Russian uranium, which supplied about 26% of U.S. needs in 2025, takes full effect Jan. 1, 2028, leaving domestic producers such as Energy Fuels well positioned.[OWNERSHIP_CHART-636] <h2>Ownership and Share Structure1</h2> About 1.29% of the company is owned by insiders and management, and about 75.67% by institutions. The rest is retail. Its market cap is US$2.98 billion with 264.73 million shares outstanding. It trades in a 52-week range of US$7.81 and US$27.90. <h2>Common Questions from Investors</h2> What is the FORTRESS America program, and how does it relate to rare earths? The September 30, 2026, memorandum created FORTRESS America as a Department of War program built around five pillars, including supply-chain and defense-industrial base resilience. It does not name specific materials, companies, or funding, but it puts a spotlight on domestic sources of critical materials such as rare earths. Why did Energy Fuels amend its VAC acquisition? The Oct. 13 amendment addresses a dispute between VAC's U.S. affiliate and a customer under a supply agreement for its Sumter, South Carolina, plant. If the dispute settles for less than Energy Fuels assumed, the purchase price will be adjusted to compensate; if the outcome is better, the gain accrues to VAC. How does Energy Fuels compare to peers like MP Materials? Energy Fuels is building an integrated chain, from oxide separation at White Mesa to alloy production in South Korea and, once the VAC deal closes, magnet manufacturing. MP Materials is developing a Texas magnet campus with about 10,000 tonnes of annual capacity, set for commissioning in 2028. What recent milestones has Energy Fuels achieved in rare earths? The company began construction on a US$104 million heavy rare earth expansion at White Mesa on July 29, completed the ASM acquisition on Aug. 28, and reported qualification of its terbium oxide by a Japanese magnet maker on Aug. 19. What does Chris Temple think of Energy Fuels? Temple rates the stock a Hold, calling it a solid long-term company but warning that share prices may weaken further. He advised subscribers holding 3% to 4% or more of their portfolio in the stock to lighten up. What is driving demand for uranium? Rising electricity demand from AI data centers, tech companies' power deals with nuclear operators, and a U.S. ban on Russian uranium that takes full effect in 2028. The World Nuclear Association expects reactor demand to rise 28% by 2030. What are the next catalysts for Energy Fuels? Key items include the Donald Project's final investment decision, closing of the VAC acquisition in early 2027, possible commissioning of the expanded Korean Metals Plant by the end of 2026, and terbium and dysprosium commissioning at White Mesa in Q4 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>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 Alphabet Inc. Class A.</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=32814"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32814" width="0" height="0"> ( Companies Mentioned: EFR:TSX; UUUU:NYSEAMERICAN, ) Thu, 15 Oct 2026 00:00:00 PST Thoughts on the 2026 Tax-Loss Season https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed">Gary Tanashian 10/15/2026</a> Gary Tanashian of Notes from the Rabbit Hole shares his thoughts as we get closer to tax-loss selling season.This year, many stock sectors rallied consistently or, at worst, went sideways. These are not tax-loss selling candidates. But there is one area that stands out from the pack, where tax-loss selling and future opportunity are concerned. That is the area of strategic/critical minerals, which were so well pumped by geopolitical dynamics in 2025 and kicked to the curb in 2026. That was the inevitable fallout of too much speculative interest chasing exciting stories. Valid stories over the long run, in my opinion, but stories nonetheless. Stories tend to unwind painfully in the stock market. As a side note, I anticipate we'll see similar fallout in 2027 from this year's AI/Semiconductor stories. Again, it's a situation that is more than valid on the big picture, but it's a matter of momentum and distortion. That is what tends to get unwound. While there are plenty of tax-loss buy opportunities in the precious metals, broader commodities, and a few discrete stock market sectors, I'd like to focus on the Critical Minerals/Materials space, because that is where the hype was most noticeable in 2025 and the downtrends are most noticeable in 2026. The areas we'll focus on as strategic and/or specialty materials are Rare Earth Elements, Lithium/Battery Materials, and, to a degree, Uranium. There are others, but these three are a focus, personally. I'll pick two junior-level items from each category. For example, in REE, the more mainstream and developed likes of MP Materials Corp. (MP:NYSE) and Lynas Rare Earths (LYSDY:OTCMKTS) are not included, even though they may well also provide a tax-loss opportunity. It's in the smaller, more speculative group that the bigger upside explosions and downside fallouts have occurred. <h2>REE</h2> Let's start with the owner of the prospective Tanbreez Rare Earth property in southern Greenland, Critical Metals Corp. (CRML:NASDAQ). It has a more intact chart than the second, more speculative item in this category because it has garnered attention from the U.S. government and is making <a href="https://www.criticalmetalscorp.com/critical-metals-corp-nasdaq-crml-secures-10-year-tanbreez-off-take-agreement-with-department-of-defense-funded-rare-earth-processor-ucore-rare-metals/" target="_blank" rel="noopener">significant inroads</a> in its development and future business as an operating mine. CRML is one I view positively from both fundamental and tax-loss seasonal perspectives. I do not currently own it, but am about 'this' close and may own it before this article is published. 2026 high: US$32.15, current price: US$6.54 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562152_crml_2026-10-14_09-07-07.png" alt="" width="1000" height="826" /> The more speculative REE is The Metals Co. (TMC:NASDAQ). Talk about speculative! TMC plans to extract REE from the ocean floor. There are many more hurdles in its way than the above. But risk/reward players and/or strict tax-loss traders may take note. I do not own TMC and have no imminent plans to own it (although tax-loss selling/buying season is an extended process). 2026 high: US$11.35, current price: US$2.82 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562214_tmc_2026-10-14_09-18-44.png" alt="" width="1000" height="826" /> <h2>Lithium</h2> Standard Lithium Ltd. (SLI:TSX.V; SLI:NYSEAMERICAN) owns portions of the Smackover resource in Texas and Arkansas. Like CRML above, I consider SLI further along the development curve. In my opinion, its primary headwind has been the entire Lithium sector's fall from grace (and hype). I do not own SLI, and have no immediate plan to buy it. Again, tax-loss season is a process. 2026 high: US$6.40, current price: US$1.43 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562313_sli_2026-10-14_09-09-08.jpg" alt="" width="1000" height="826" /> Lithium Americas Corp. (LAC:TSX; LAC:NYSE) is one that garnered much hype in 2025 as the U.S. government got involved (government investment and/or loans were quite a hype machine in 2025), and Lithium in general had a honeymoon phase prior to the 2026 price correction in the commodity. It has an offtake agreement with GM for its Thacker Pass property in Nevada. I have no position in LAC and no imminent plan to buy it. 2026 high: US$10.52, current price: US$2.20 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562339_lac_2026-10-14_09-09-37.png" alt="" width="1000" height="826" /> <h2>Uranium</h2> NexGen Energy Ltd. (NXE:TSX; NXE:NYSE) has long been my favored play on Uranium's future, as it develops the Rook I project in the Athabasca Basin. I do not currently own it, but am watching it closely for purchase, potentially for investment beyond tax-loss goals. 2026 high: US$13.96, current price: US$8.47 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562358_nxe_2026-10-14_09-08-32.png" alt="" width="1000" height="826" /> Finally, we have Uranium/REE combo, Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN), which produces Uranium, Vanadium, and processes other Rare Earths in the U.S. (Colorado, Utah, Wyoming, and Arizona). I like the "combo" aspect and the fact that UUUU is taking growth initiatives. But at this time, I am just watching and waiting. 2026 high: US$27.90, current price: US$9.27 <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562418_uuuu_2026-10-14_09-08-44.png" alt="" width="1000" height="826" /> <h2>Final Thoughts</h2> Tax-loss season (TLS) can be a funny thing. Some of the items above appear to be presenting an opportunity right now, and a longer-term investor (with a positive 2027 view, as I have) could start to nibble. But in my experience, TLS often seems to drag on before a good low is made. It is only mid-October, after all. So a measure of patience is called for. But I strongly believe that the sectors noted above, if not all of the individual stocks, will be much higher at some point in 2027 than they are now. CRML and NXE are once-and-future speculative holdings in <a href="https://nftrh.com/nftrh-premium/" target="_blank" rel="noopener">NFTRH</a> portfolios. UUUU follows up at a close third in priority. Good luck out there as we wrap up 2026! <a href="https://nftrh.com/" target="_blank" rel="noopener">You can view more from Gary here.</a> <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>Gary Tanashian: 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><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32812"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32812" width="0" height="0"> Thu, 15 Oct 2026 00:00:00 PST Sage Potash Confirms Water Zones at Sage Plain to Advance Solution Mining https://www.streetwisereports.com/article/2026/10/15/sage-potash-confirms-water-zones-at-sage-plain-to-advance-solution-mining.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/sage-potash-confirms-water-zones-at-sage-plain-to-advance-solution-mining.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> Sage Potash Corp. (SAGE:TSXV; SGPTF:OTCQB) reports multiple saline water-bearing zones at the Peterson 1 well, supporting process water needs for its Utah potash project without competing with potable supplies.<h2>Key Investor Takeaways</h2> <ul> <li>Preliminary testing at Peterson 1 confirmed two saline, non-potable water-bearing zones that the company considers potential sources of process water for solution mining at the Sage Plain Potash Project.</li> <li>Estimated yields of 7 m3/h and 4.5 m3/h from the tested intervals align with the company's existing water right authorizing 185,000 cubic meters annually.</li> <li>Water chemistry supports use in solution mining without competing with municipal or agricultural supplies, advancing the project's water strategy.</li> <li>Results from the October 13, 2026, release will feed into engineering studies and the updated resource estimate.</li> <li>The findings complement recent potash assay results from Peterson 1, further de-risking development at the Utah project.</li> </ul> <h2>Preliminary Testing Confirms Two Water-Bearing Zones</h2> Sage Potash Corp. (SAGE:TSXV; SGPTF:OTCQB) said preliminary testing at its Peterson 1 well confirmed two saline, non-potable water-bearing zones at its Sage Plain Potash Project in Utah's Paradox Basin, according to an <a href="https://sagepotash.com/news/sage-potash-confirms-multiple-water-bearing-zones-at-sage-plain-project-%E2%80%93-advancing-development-strategy" target="_blank" rel="noopener">October 13 news release</a>. The water could supply the process water needed for solution mining. Solution mining recovers potash by dissolving it underground with injected water and pumping the brine back to surface. The salt content of both zones is well below saturation, so the water could still dissolve potash, the company said. "We have now identified multiple potential sources of non-potable process water within the project area," Chief Executive Officer J. Patricio Varas said. "We view this as another meaningful step in de-risking Sage Plain." <h2>Two Zones Produce Water in Drill Stem Tests</h2> Sage ran three drill stem tests at Peterson 1 from July 17 to 19. Two produced formation water, the company said. The first test, in the Cutler Formation at 1,033 to 1,071 meters, recovered water with about 32,400 milligrams per liter of dissolved solids. The third, in the Lower Cutler/Rico Formation at 1,295 to 1,334 meters, recovered water with about 79,600 milligrams per liter. Both are sodium chloride waters unsuitable for drinking, irrigation, or agriculture, so they would not compete with other water users. The second test, conducted in the Lower Cutler/Rico Formation at 1,250 to 1,288 meters, recorded negligible inflow during a 16-minute flow period. The recovered fluid consisted primarily of drilling fluid, and laboratory analysis found it was not representative of formation water. The results line up with Sage's existing water rights from the Utah Division of Water Rights. Approved by the Utah Division of Water Rights in July 2023, the company's 20-year water right authorizes withdrawals of up to 150 acre-feet (approximately 185,000 cubic meters) of brackish groundwater annually for processing and solution mining. The permit contemplated sourcing water from an underground aquifer at a depth of approximately 1,200 meters. The two productive test intervals, at 1,033 to 1,071 meters and 1,295 to 1,334 meters, are consistent with that target depth. Sage also identified a potentially significant additional water source in the deeper Honaker Trail Formation. Drilling-fluid losses indicated a highly permeable zone, but the company did not conduct a drill stem test or collect a sample there because it wanted to protect wellbore integrity. Sage plans to evaluate the zone in the future and expects its water to be saline and non-potable, although that expectation has not been confirmed by sampling. The tests were short and mainly reflect the rock near the wellbore, so they may not show long-term production, said Erik Hemstad of engineering firm RESPEC, which reviewed the results. "These tests are inherently short in duration," he said. Sage plans more testing to better define available water volumes. <h2>High-Grade Potash and a Resource Update Ahead</h2> The water results follow strong potash grades from the same well. In late September, Sage <a href="https://www.newsfilecorp.com/release/316267/Sage-Potash-Delivers-3.3-Meters-of-52.5-KCl-at-Its-Sage-Plain-Project-in-Utah" target="_blank" rel="noopener">reported</a> that Peterson 1 intersected 13.1 meters grading 36.3% potassium chloride (KCl) across the Cycle 18 potash beds. That included 3.3 meters of 52.5% KCl in the upper bed and 3.1 meters of 53.4% KCl in the lower bed. Varas called the results "a significant, transformational development for the Sage Plain Project." The company said then that it expects to deliver an updated NI 43-101 resource estimate, prepared by RESPEC, within 45 days. <blockquote class="callOut left">"Sage Potash is a gold mine waiting for punters to wake up to what they have already discovered," 321gold.com's Bob Moriarty said.</blockquote> It also said it plans a development larger than the 300,000 tonnes a year in its September 2025 preliminary economic assessment (PEA). The water findings will feed into that work and ongoing engineering studies. The 2025 PEA outlined a solution mine starting at 150,000 tonnes a year and expanding to 300,000 tonnes, with an after-tax net present value of US$502 million at an 8% discount rate, a 39% internal rate of return, and initial capital costs of about US$155 million, as <a href="https://www.streetwisereports.com/article/2026/06/24/critical-mineral-co-advances-high-grade-utah-potash-project-toward-feasibility.html?utm_medium=feed" target="_blank" rel="noopener">Streetwise Reports covered</a> in June. The project has also received a US$14 million grant from the U.S. Department of Agriculture's Fertilizer Production Expansion Program. <h2>Potash: Feeding the World, Mostly From Abroad</h2> Potash is the main commercial source of potassium, one of the three primary nutrients plants need to grow, along with nitrogen and phosphorus. Potassium helps crops resist drought and disease and improves yields and quality in staples such as corn and soybeans. "No substitutes exist for potassium as an essential plant nutrient," the U.S. Geological Survey (USGS) said in its <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-potash.pdf" target="_blank" rel="noopener">2026 Mineral Commodity Summaries</a>. That makes potash central to the global food supply. The fertilizer industry used about 85% of U.S. potash sales in 2025, and the rest went to chemical and industrial uses, according to the USGS. World fertilizer potash consumption was estimated at 41.6 million tons of potassium oxide equivalent and is projected to reach 45.3 million tons by 2029, with Asia and South America growing fastest. Supply is concentrated in a few countries. Canada led world production in 2025 at an estimated 15 million tons, followed by Russia at 10 million, China at 6.3 million, and Belarus at 6 million, the USGS said. The U.S. produced about 500,000 tons, mostly from mines in New Mexico and Utah. That leaves the U.S. heavily dependent on imports. The country relied on imports for about 92% of its potash in 2025. Canada supplied 79% of U.S. imports from 2021 to 2024, Russia 12%, and Israel 3%. Potash was added to the final U.S. Critical Minerals List in November 2025. Supply security is back in the news. Washington has been looking for cheaper fertilizer for farmers facing higher fuel and fertilizer costs. The first shipment of Belarusian potash in four years was expected at the Port of New Orleans on October 14, after the U.S. lifted sanctions on major Belarusian producers, <a href="https://www.aljazeera.com/news/2026/10/14/what-is-potash-and-why-is-the-us-importing-it-from-belarus" target="_blank" rel="noopener">Al Jazeera reported</a>. Analysts questioned whether Belarus could expand exports enough to change the U.S. market. "The Sage Plain Project is advancing as the United States designates potash a critical mineral," Sage Chief Executive Officer J. Patricio Varas said in September. <h2>‘A Gold Mine Waiting for Punters to Wake Up'</h2> Bob Moriarty of 321gold.com, who has followed Sage Potash, sees the market undervaluing the company's discovery. "Sage Potash is a gold mine waiting for punters to wake up to what they have already discovered," Moriarty told Streetwise Reports on October 14. "Potash becomes more valuable every day energy gets more expensive."[OWNERSHIP_CHART-10894] In a <a href="http://www.321gold.com/editorials/moriarty/moriarty062226.html" target="_blank" rel="noopener">June 22 editorial</a>, Moriarty explained potash's role in agriculture. "You need to know a little about growing plants," he wrote. "They need three different chemicals for ideal growth: nitrogen, phosphorus, and potassium. Potash supplies the potassium." He said Sage's potash grades of 36% to 46% KCl are among the highest in the world. Sage plans to recover that potash by solution mining, pumping brine down deep wells to dissolve the potash beds. <h2>Ownership and Share Structure1</h2> About 4% of Sage Potash is held by management and insiders. Sage Potash has a market capitalization of CA$22.29 million. It has 171.24 million shares outstanding and a 52-week trading range of CA$0.12 - CA$0.50. <h2>Common Questions from Investors</h2> What did the hydrogeological testing at Peterson 1 show? Testing confirmed two saline, non-potable water-bearing zones. Preliminary yield estimates of 7 m3/h and 4.5 m3/h suggest potential process-water sources for solution mining, with further testing needed to characterize sustainable water volumes. The results are consistent with the company's existing water rights. How does this advance the Sage Plain development strategy? The confirmed water sources provide a key input for solution mining operations, reducing reliance on external water supplies and supporting ongoing engineering work. What are the next steps for the project? Results will be integrated into engineering studies and the updated NI 43-101 resource estimate, with additional testing planned to further characterize water volumes. Does the water compete with local supplies? No, the zones are saline and non-potable, consistent with the company's brackish water permit and regional salinity trends. <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 Sage Potash 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=32808"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32808" width="0" height="0"> ( Companies Mentioned: SAGE:TSXV; SGPTF:OTCQB, ) Thu, 15 Oct 2026 00:00:00 PST GreenCore Solutions Corp. Launches gtinfetch.ai GTIN Resolver for AI Agents https://www.streetwisereports.com/article/2026/10/14/greencore-solutions-corp-launches-gtinfetch-ai-gtin-resolver-for-ai-agents.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/greencore-solutions-corp-launches-gtinfetch-ai-gtin-resolver-for-ai-agents.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> GreenCore Solutions Corp. releases gtinfetch.ai, a GTIN resolver for AI agents with 84 million barcode entries, MCP access and x402 payment support on Base.GreenCore Solutions Corp., a Vancouver-based private tech company, <a href="https://www.prnewswire.com/news-releases/greencore-solutions-corp-gsc-releases-gtinfetchai--the-gtin-resolver-for-ai-agents-302907766.html" target="_blank" rel="noopener">released gtinfetch.ai</a> on October 13, 2026, as the GTIN resolver for AI agents that answers any barcode in one call across 84 million entries on the Model Context Protocol (MCP), hosted on Microsoft Azure and Cloudflare edge infrastructure, for retail grocery transactions in 20 countries. <h2>Key Investor Takeaways</h2> <ul> <li>GreenCore Solutions Corp., also known as GSC, launched gtinfetch.ai on October 13, 2026, as the GTIN resolver for AI agents, handling 84 million barcodes in milliseconds on MCP.</li> <li>The platform integrates product verification with payment settlement using the x402 protocol and USDC/Open USD on Base, targeting US$2 trillion in annual grocery procurement shifting to agents.</li> <li>GSC's agent stack has scaled to over 100 million transactions year-to-date, with <a href="https://www.newswire.ca/news-releases/greencore-solutions-corp-gsc-releases-a2a-grocery-ai-the-agentic-hub-for-grocery-retail-with-retail-media-sales-891043034.html" target="_blank" rel="noopener">A2A-Grocery.ai</a> live in 20 markets supporting 1,973,447 points of sale.</li> <li>Compared to standard GS1-based GTIN lookups, gtinfetch.ai adds MCP-native access, edge delivery, and in-call payments for agent frameworks.</li> <li>Recent company expansions include a London sales office and continued growth on Microsoft Azure and Google Cloud, positioning GSC for agentic commerce adoption.</li> </ul> <h2>The gtinfetch.ai Release</h2> GSC's latest product enables AI agents to verify product identity via a GTIN (Global Trade Item Number) before placing orders, and payments can now be completed in the same call using the x402 protocol with USDC and Open USD on Base. This product targets the shift of US$2 trillion in annual grocery procurement to agentic commerce, providing a second-factor confirmation to prevent drift between barcode and order. "We built gtinfetch because we saw that agentic orders could potentially drift somewhere between the barcode and the order," said Matthew Keddy, CEO of GSC, in the release. "gtinfetch is the resolver every buying agent can now call first — so that for the first time both counterparties to a GTIN know their transaction. The KYT (Know Your Transaction) era is here for agentic commerce." "In retail, everything starts with knowing exactly what product you're buying, selling, or promoting," said Julia Turley, Board Director at GSC and former Walmart Director of Merchandising. "As AI agents begin making purchasing decisions, that fundamental requirement doesn't change. What changes is the speed and scale. gtinfetch gives AI agents a way to verify product identity before transactions happen, helping retailers and suppliers operate with greater confidence in an increasingly automated marketplace." Traditional GTIN lookup relies on GS1 standards and open databases that provide free barcode resolution. gtinfetch.ai positions itself as the largest open resolver on MCP, integrating directly with agent frameworks from Amazon.com Inc. (AMZN:NASDAQ), Microsoft Corp. (MSFT:NASDAQ), and Alphabet Inc. Class A (GOOGL:NASDAQ), while adding payment settlement in one call. This builds on GSC's existing agentic hubs such as A2A-Grocery.ai, which <a href="https://www.newswire.ca/news-releases/greencore-solutions-corp-gsc-ai-agent-stack-passes-24-5-million-inbound-ai-agent-transactions-in-30-days-827799709.html" target="_blank" rel="noopener">went live on October 5, 2026,</a> across 20 markets with 1,973,447 points of sale and 8,619 retail banners. The release aligns with broader market forecasts cited in the announcement: Gartner predicts 90% of B2B buying will be AI-agent intermediated by 2028, driving over US$15 trillion through agent exchanges, while Juniper Research estimates agentic commerce transaction value at US$8 billion in 2026, growing to US$3.5 trillion by 2031. GSC operates VECTOR, the AI Agent Hub for Agentic Commerce, powering four hubs including A2A-Grocery.ai, A2A-Retailmedia.ai, A2A-Cosmetics.ai, and A2A-Peptides.ai. The platform has processed over 100 million agentic transactions year-to-date as of early October 2026. A September 4 release separately reported more than 24.5 million inbound AI-agent transactions over a 30-day period. Operations run on Microsoft Azure in 18 global regions and Google Cloud Enterprise; GSC is a Microsoft AI Cloud Partner with <a href="https://www.newswire.ca/news-releases/greencore-solutions-corp-gsc-opens-london-uk-sales-office-for-a2a-grocery-co-uk-agentic-commerce-hub-804033430.html" target="_blank" rel="noopener">a London sales office</a> opened October 8, 2026. <h2>Agentic AI Becoming Crucial to Retail</h2> AI (artificial intelligence) is changing how CPG (consumer packaged goods) companies forecast product demand, manage inventory, and distribute products to retail stores. The need for greater efficiency is driving new companies to develop specialized AI software that helps manufacturers navigate an increasingly data-driven market. One emerging technology is the "<a href="https://atlan.com/know/ai-agent/knowledge-graph/knowledge-graph-tools-compared" target="_blank" rel="noopener">knowledge graph</a>," which is changing how companies work with databases. Instead of simply listing information or sorting features, knowledge graphs map relationships between products, suppliers, customers, and business rules, helping AI identify and interpret connections across different data points. The technology is gaining traction in B2B (business-to-business) retail, where it can support demand forecasting, procurement, inventory optimization, merchandising, pricing, and retail execution through automation. The grocery and CPG sectors are adopting these technologies as growth puts greater demands on existing infrastructure. In January 2026, <a href="https://www.researchandmarkets.com/report/online-grocery-wholesale-market?srsltid=AfmBOopc57bZBEZWbYjNs-UWHOXKkHf69ubUP_q4OVXheUBzs8VnGjDw" target="_blank" rel="noopener">Research and Markets</a> projected that the global B2B online grocery market would expand from US$20.99 billion in 2025 to US$38.88 billion by 2031, representing a compound annual growth rate (CAGR) of 10.82%. The report noted, "This market encompasses the digital exchange of food and beverage products among manufacturers, wholesalers, retailers, and foodservice operators, and is largely driven by a demand for improved operational efficiency and supply chain visibility. Companies are utilizing these platforms to automate procurement and optimize inventory, with FMI — The Food Industry Association noting in 2024 that 69% of food suppliers use artificial intelligence for tasks such as assortment planning and logistics, underscoring the shift toward data-driven operations." The transition from traditional wholesale channels to mobile-based B2B ordering platforms has enabled small businesses to "optimize inventory, reduce stockouts, and access wider product assortments with greater agility." Independent grocers and other small businesses are increasingly using these tools to compete with larger retail chains. Comparable public companies, like SPS Commerce Inc. (SPSC:NASDAQ), operate in the broader intelligent supply-chain and B2B commerce market. SPS Commerce operates a cloud-based intelligent supply-chain network that connects retailers, brands, manufacturers, distributors, and logistics providers. According to the company's <a href="https://investors.spscommerce.com/" target="_blank" rel="noopener">website</a>, its network encompasses more than 300,000 trading relationships and processes more than 750 million transactions annually, representing more than US$650 billion in gross merchandise value. The company says its customers include seven of the 10 largest U.S. retailers and more than two-thirds of the fastest-growing brands. <h2>A Public Company Peer</h2> SPS Commerce Inc. (SPSC:NASDAQ) has continued to expand its use of artificial intelligence across its network. On September 15, 2026, the company announced the general availability of MAX, its embedded agentic AI capability, as well as new Visibility Management and Decision Intelligence solutions. According to the <a href="https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-brings-network-intelligence-ai-enabling-supply" target="_blank" rel="noopener">company</a>, these offerings combine agentic AI with supply-chain network data to support fulfillment, customer onboarding, analytics, and supply-chain visibility. MAX is initially available for fulfillment and Visibility Management, with plans to expand into Revenue Recovery and Decision Intelligence. [OWNERSHIP_CHART-11680] In July, SPS Commerce reported second-quarter 2026 revenue and adjusted EBITDA above the high end of its guidance range. The company also revised its full-year 2026 guidance following the recently completed divestiture of its third-party Revenue Recovery business. Its <a href="https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-reports-strong-second-quarter-2026-financial" target="_blank" rel="noopener">Q2 2026 results</a> remain the latest quarterly financial update available. <a href="https://stockanalysis.com/stocks/spsc/forecast/" target="_blank" rel="noopener">Recent analyst coverage</a> of SPS Commerce includes: <ul> <li>On October 14, 2026, J. Parker Lane of Stifel Nicolaus reiterated a "Hold" rating and raised the price target from US$70 to US$85.</li> <li>On September 11, 2026, George Kurosawa of Citi reiterated a "Buy" rating and maintained a US$82 price target.</li> <li>On September 11, 2026, Dylan Becker of William Blair reiterated a "Hold" rating.</li> <li>On August 27, 2026, Parker Lane of Stifel Nicolaus reiterated a "Hold" rating and maintained a US$70 price target.</li> <li>On August 19, 2026, Scott Berg of Needham reiterated a "Buy" rating and raised his price target from US$75 to US$100.</li> <li>On July 31, 2026, Jeff Van Rhee of Craig-Hallum reiterated a "Hold" rating and raised his price target from US$60 to US$68.</li> <li>On July 31, 2026, Joseph Vruwink of Robert W. Baird reiterated a "Hold" rating and raised his price target from US$70 to US$78.</li> <li>On July 31, 2026, Matthew VanVliet of Cantor Fitzgerald reiterated a "Neutral" rating and raised his price target from US$60 to US$70.</li> <li>On July 31, 2026, Clark Wright of D.A. Davidson raised his price target from US$55 to US$65 while maintaining a "Hold" rating.</li> <li>On July 31, 2026, Chris Quintero of Morgan Stanley reiterated an "Underweight" rating and raised his price target from US$57 to US$59.</li> </ul> 1SPS Commerce Inc. has a market cap of US$3.07 billion, with 36 million shares outstanding. The company's 52-week range is US$49.04-US$114.87. Institutions own 78.7% of shares, while Management & Insiders own 2%. Strategic Investors own 4.1% of shares, and the remaining 15.2% are held by Retail. <h2>What Comes Next for Greencore?</h2> The gtinfetch.ai resolver extends GSC's MCP and A2A infrastructure to support the growing volume of AI-mediated grocery procurement. Agents can now fetch GTIN data, confirm details, and settle payments via a single endpoint at x402.gtinfetch.ai/mcp, with the service available to buying agents, listing agents, placement agents, and paying agents across retail grocery, retail media, and related verticals. <h2>Frequently Asked Questions</h2> What does gtinfetch.ai do? It resolves any GTIN barcode in one AI agent call, confirming product identity before orders and enabling payments in the same transaction on the x402 protocol. How does it compare to existing GTIN services? Unlike traditional GS1 and open database lookups, gtinfetch.ai is built for MCP, supports 84 million entries at scale, and bundles verification with payment settlement for agentic workflows. What is GSC's current transaction volume? The company reported more than 100 million agentic transactions year-to-date in its October 2026 announcements. A separate September 4 announcement reported more than 24.5 million inbound AI-agent transactions over a 30-day period. What is a GTIN, and how is it used in retail? A Global Trade Item Number (GTIN) is a unique identifier used to distinguish products in retail and supply chains. GTINs help retailers, suppliers, and software systems identify specific products during ordering, inventory management, and sales transactions. GreenCore Solutions Corp.'s gtinfetch.ai platform allows AI agents to look up GTIN data to verify product identity before placing orders. What is agentic commerce, and how does it work? Agentic commerce is a form of commerce in which AI agents perform tasks such as searching for products, comparing options, placing orders, and facilitating transactions on behalf of users or businesses. In grocery retail, these agents can help automate procurement and product selection. GreenCore Solutions is developing an AI infrastructure designed to support agent-driven grocery purchasing and related retail transactions.\ What is the Model Context Protocol (MCP) in artificial intelligence? The Model Context Protocol (MCP) is a framework that allows AI applications and agents to connect with external tools, services, and data sources. It enables AI systems to retrieve information and use connected capabilities without requiring every integration to be built separately. GreenCore's gtinfetch.ai uses MCP to provide AI agents with access to its product barcode resolution service. What is the x402 protocol, and how can it support AI agent payments? The x402 protocol is a payment mechanism designed to enable internet-based services to request and receive payments as part of digital interactions. In agentic commerce, it can allow AI agents to access services and complete supported payments programmatically. GreenCore says gtinfetch.ai integrates x402 with USDC and Open USD on Base, allowing product verification and payment settlement within a single call. What is a knowledge graph, and how is it used in retail AI? A knowledge graph is a data structure that represents relationships among entities such as products, suppliers, customers, and business rules. In retail, knowledge graphs can help AI systems connect information across databases to support tasks such as inventory management, demand forecasting, procurement, and merchandising. These connections can help AI agents interpret product and supply-chain information when making purchasing decisions. <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>GreenCore Solutions Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. In addition, GreenCore Solutions Corp. 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 GreenCore Solutions Corp., Amazon Inc., and Alphabet Inc. Class A.</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=32807"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32807" width="0" height="0"> ( Companies Mentioned: SPSC:NASDAQ, ) Thu, 15 Oct 2026 00:00:00 PST Record Copper and AI Demand Put Torr Metals' Kolos Assays in the Spotlight https://www.streetwisereports.com/article/2026/10/15/record-copper-and-ai-demand-put-torr-metals-kolos-assays-in-the-spotlight.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/record-copper-and-ai-demand-put-torr-metals-kolos-assays-in-the-spotlight.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> With AI pushing copper demand and recent prices near records, Torr Metals Inc. (TMET:TSX.V) is drilling toward what it believes is the source of a large copper-gold system in southern British Columbia. Find out why one technical analyst sees a breakout brewing.<h2>Key Investor Takeaways</h2> <ul> <li>Copper is trading near record highs, and S&P Global expects demand from AI, data centers, and defense to help drive a 10 million metric ton supply shortfall by 2040.</li> <li>Torr Metals expects its first Phase 2 assays from the Bertha North target at its Kolos copper-gold project in British Columbia soon.</li> <li>About 3,500 meters of a fully funded program of up to 6,000 meters is complete. The next holes will test farther south toward a deep resistivity anomaly that Torr interprets as a possible intrusive source.</li> <li>Hole 26-KO-04 intersected a magnetite-bearing intrusive dike with chalcopyrite at about 460.5 meters, Torr's closest drilling yet to the interpreted source.</li> <li>Kolos covers about 332 square kilometers near Teck's Highland Valley Copper mine and New Gold's New Afton mine. It also includes the permitted Lodi-Kirby and Kova targets and the undrilled Sonic Zone.</li> <li>Torr also holds the Filion gold project in Ontario, where historical trenching returned 13.1 grams per tonne gold.</li> <li>Technical analyst Stewart Thomson rated Torr a Speculative Buy in August, citing early signs of a porphyry core at Bertha North.1</li> </ul> <h2>Copper's Supply Problem Keeps Prices High</h2> Copper is trading near record highs. Benchmark three-month copper on the London Metal Exchange rose to US$14,618.50 a tonne on October 12, a two-week high, after a landslide at Codelco's El Teniente mine in Chile killed two workers and forced a partial production halt, <a href="https://www.mitrade.com/insights/commodity-analysis/metal/copper-codelco-mine-halt-silver-cpi-20261013J1433" target="_blank" rel="noopener">Mitrade reported</a>. El Teniente is one of the world's largest underground copper mines. Copper set records on both major exchanges in September. Benchmark LME copper hit an all-time high of US$14,875 a tonne on September 10, and Comex copper reached <a href="https://metalradar.com/article/copper-falls-from-near-record-highs-on-profit-taking-and-firmer-dollar-1790168877" target="_blank" rel="noopener">a record US$6.83 per pound</a>, or about US$15,057 a tonne, on September 22. LME prices were up 18% for the year as of late September. New supply is slow to arrive. Copper mines that began production between 2020 and 2023 took an average of <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/major-copper-discoveries" target="_blank" rel="noopener">17.9 years</a> to go from discovery to production, up from 12.7 years for mines that started in 2005 to 2009, according to S&P Global. <h2>The AI Boom Runs on Copper</h2> Artificial intelligence is adding to the pressure. In its January study <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">Copper in the Age of AI</a>, S&P Global projected that global electricity demand will rise nearly 50% by 2040. It expects copper demand to climb with it, from 28 million metric tons in 2025 to 42 million metric tons. Demand from AI and data centers, and from defense, is each expected to roughly triple, together adding about 4 million metric tons a year. Without major changes, S&P sees a supply shortfall of 10 million metric tons by 2040. Data centers use copper for power distribution, cooling, and connections to the grid. BloombergNEF has estimated that copper makes up nearly 6% of a data center project's capital cost. It expects the sector to use about 400,000 tonnes of copper a year over the next decade on average, peaking at 572,000 tonnes in 2028, <a href="https://www.mining.com/ai-data-centers-to-worsen-copper-shortage-bnef/" target="_blank" rel="noopener">Mining.com reported</a>. BNEF warned that the AI buildout "risks tightening the global copper market further" and sees a global shortfall of up to 6 million tonnes by 2035. <h2>First Assays on Deck at Kolos</h2> <a href="https://www.streetwisereports.com/pub/co/11133?utm_medium=feed" target="_blank" rel="noopener">Torr Metals Inc. (TMET:TSX.V)</a> expects its first assays from this year's drilling at the Kolos copper-gold project in southern British Columbia soon. The first results will come from holes 26-KO-01 and 26-KO-02 at the Bertha North target. The company has completed about 3,500 meters of a fully funded Phase 2 program of up to 6,000 meters. Its next holes, KP-7 and KP-8, will test farther south across a structural convergence and the upper margin of a deep resistivity anomaly that Torr interprets as a possible intrusive source. Crews are reopening historical exploration roads to reach those drill sites. "Our next holes will follow this progression south," President and Chief Executive Officer Malcolm Dorsey said. Beyond Bertha North, Torr has other targets at Kolos. The permitted <a href="https://www.newsfilecorp.com/release/289788/Torr-Metals-Expands-2026-Drill-Pipeline-with-LodiKirby-CuAu-Porphyry-Target-Following-Strong-Vectoring-at-Bertha" target="_blank" rel="noopener">Lodi-Kirby</a> and Kova porphyry targets are both in the pipeline, and the undrilled Sonic Zone carries a copper-gold soil anomaly that the company has expanded to about <a href="https://www.torrmetals.com/news/torr-metals-expands-sonic-copper-gold-soil-anomaly-to-8-km2-reinforcing-kolos-as-a-multi-t" target="_blank" rel="noopener">8 square kilometers</a>. <h2>Hunting the ‘Heat Engine' at Bertha North</h2> In its <a href="https://www.newsfilecorp.com/release/315619/Torr-Metals-Drilling-Advances-Within-Bertha-North-CuAu-Porphyry-System-Toward-Interpreted-Source-Intrusion" target="_blank" rel="noopener">September 23 update</a>, Torr said its first four Phase 2 holes at Bertha North intersected copper-bearing hydrothermal breccias and mineralized structural corridors. Those structures converge in a southern area that coincides with strong copper-in-soil anomalies. Hole 26-KO-04 came closest yet to the interpreted source. It intersected a magnetite-bearing intrusive dike with disseminated pyrite and chalcopyrite at about 460.5 meters, within a 40.6-meter mineralized and brecciated interval from 429.2 to 469.8 meters. A large resistivity anomaly beneath the target extends more than 1,000 meters vertically and remains open at depth. "Phase II drilling is demonstrating the scale of the mineralized hydrothermal system at Bertha North," Dorsey said, "giving us a clearer path toward its interpreted centre." Earlier holes also showed signs of a porphyry system. In <a href="https://www.newsfilecorp.com/release/310178/Torr-Metals-Intersects-Copper-Sulphides-and-Potassic-Alteration-in-Emerging-CuAu-Porphyry-System-at-Bertha-North" target="_blank" rel="noopener">August</a>, Torr reported copper sulfides, including chalcocite, along the margins of a potassic-altered intrusive corridor in hole 26-KO-03, plus the program's first native copper in hole 26-KO-04. "What is particularly exciting is that the geological vectors are strengthening as we advance," Dorsey said at the time. Difficult, highly altered ground has slowed drilling, the company said. All mineral identifications remain subject to laboratory confirmation. <h2>Next Door to Canada's Biggest Copper Mine</h2> Kolos covers about 332 square kilometers along Highway 5, about 35 kilometers southwest of Kamloops. It sits about 30 kilometers southeast of Teck Resources Ltd.'S (TECK:TSX; TECK:NYSE) Highland Valley Copper mine, Canada's largest open-pit copper operation. <blockquote class="callOut left">Technical analyst Stewart Thomson said Torr's chart had formed an inverse head-and-shoulders bottom, a classic reversal pattern, with a target of CA$0.28.</blockquote> The project lies in the Quesnel Terrane, and Torr considers New Gold Inc.'s (NGD:TSX; NGD:NYSEAMERICAN) nearby New Afton copper-gold mine its closest geological analogue for Bertha North. Torr also holds an option on the 57-square-kilometer Bertha property. Torr's maiden Phase 1 program drilled 2,733 meters and found 68 mineralized intervals, the company said in <a href="https://www.newsfilecorp.com/release/296180/Torr-Metals-Completes-Surface-Sampling-at-Kolos-and-Initiates-Geophysical-Surveys-in-Preparation-for-Drilling" target="_blank" rel="noopener">May</a>. Before Phase 2 began in June, rock samples at Bertha North returned up to <a href="https://www.newsfilecorp.com/release/300649/Torr-Metals-Commences-Fully-Funded-6000Metre-Drill-Program-Beginning-at-Bertha-North-Following-New-Geophysical-Targeting-and-2.4-Copper-Surface-Sample-Results" target="_blank" rel="noopener">2.4% copper</a> and 9.4 grams per tonne silver from brecciated, potassic-altered float with strong malachite. The company also holds the 261-square-kilometer Filion gold project in northern Ontario, just off the Trans-Canada Highway. There, historical trenching returned <a href="https://www.theglobeandmail.com/investing/markets/markets-news/Newsfile/279642/torr-metals-assays-13-1-g-t-gold-in-historical-trenching-at-filion-expands-staking-to-encompass-60-km-strike-length-to-gold-bearing-structure/" target="_blank" rel="noopener">13.1 g/t gold</a>, and Torr has staked about 60 kilometers of strike along the gold-bearing structure. <h2>Charting a Speculative Buy</h2> In an October 15 update to Streetwise Reports, technical analyst Stewart Thomson said Torr's chart had formed an inverse head-and-shoulders bottom, a classic reversal pattern, with a target of CA$0.28. He said the right shoulder of the pattern showed "bull wedge action" and that the stochastics oscillator was oversold, which he called bullish. The CA$0.28 target sits just above the top of the CA$0.08 to CA$0.27 trading range Thomson had flagged two months earlier. <a href="https://www.streetwisereports.com/article/2026/08/20/key-drill-results-and-explosive-chart-breakout-for-bc-copper-gold-explorer.html?utm_medium=feed">1In an August 20 review, </a>Thomson said the first-ever drilling at Bertha North had confirmed a large porphyry-style hydrothermal system. He pointed to the August 18 discovery of potassic alteration and copper sulfides in hole 26-KO-03 as a potential vector toward a higher-grade core. He cited structural demand from EVs, renewable energy, and AI data centers as long-term support for copper, and noted that the company's fully funded program and small market capitalization could give investors exploration leverage without near-term dilution from financing. Torr "presents a compelling opportunity for investors seeking leveraged exposure to Tier-1 copper-gold discoveries," Thomson wrote. "The August 18, 2026, confirmation of potassic alteration and copper sulfides at Bertha North signals proximity to a high-grade porphyry core, significantly de-risking the district-scale potential of the Kolos Project."[OWNERSHIP_CHART-11133] At the time, with the stock at CA$0.15, Thomson identified CA$0.19, CA$0.27, and CA$0.46 as short-, medium-, and long-term resistance levels and rated Torr a Speculative Buy. He listed exploration, financing, dilution, commodity prices, and permitting as key risks. <h2>Ownership and Share Information2</h2> Torr Metals Inc. has a market cap of CA$10.45 million, with 84.02 million shares outstanding. The company's 52-week range is CA$0.08-CA$0.27. Strategic investors own 4.76% of shares, while management and insiders own 4.32%. The rest is retail. <h2>Common Questions from Investors</h2> What is driving copper prices? Copper set records in September and remains near those highs, supported by supply disruptions such as the recent partial halt at Codelco's El Teniente mine. Over the longer term, S&P Global expects demand to rise 50% by 2040 as electricity use grows, with AI, data centers, and defense among the fastest-growing sources. New mines take an average of nearly 18 years to reach production. What are Torr Metals' next catalysts? The first Phase 2 assays from holes 26-KO-01 and 26-KO-02 are expected soon. After that come holes KP-7 and KP-8, which will test farther south toward the interpreted intrusive source at Bertha North. What has drilling found so far at Bertha North? The first four Phase 2 holes intersected copper-bearing hydrothermal breccias and mineralized structural corridors. Hole 26-KO-03 hit copper sulfides along a potassic-altered intrusive corridor, and hole 26-KO-04 intersected a mineralized magnetite-bearing intrusive dike at about 460.5 meters. These are visual observations, and assays are pending. Where is the Kolos project, and how big is it? Kolos covers about 332 square kilometers along Highway 5, about 35 kilometers southwest of Kamloops in southern British Columbia. It lies about 30 kilometers southeast of the Highland Valley Copper mine. Is drilling funded? Yes. Torr says its Phase 2 program of up to 6,000 meters is fully funded. <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>Torr Metals Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</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 Torr Metals 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 Stewart Thomson article published on August 20, 2026 <ol> <li>Torr Metals Inc. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$3,000 for the preparation of an independent technical research report.</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. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. 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. Mr. Thomson owns no securities in Torr Metals Inc., and he has no direct financial relationship with the company.</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=32806"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32806" width="0" height="0"> ( Companies Mentioned: TMET:TSX.V, ) TMET:TSX.V Thu, 15 Oct 2026 00:00:00 PST There Is No Shortage of Tungsten. This Mining Veteran Says the Real Opportunity Is Somewhere Else. https://www.streetwisereports.com/article/2026/10/15/there-is-no-shortage-of-tungsten-this-mining-veteran-says-the-real-opportunity-is-somewhere-else.html Source: <a href="https://www.streetwisereports.com/article/2026/10/15/there-is-no-shortage-of-tungsten-this-mining-veteran-says-the-real-opportunity-is-somewhere-else.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE) is targeting tungsten production in Portugal, as veteran resource investor Bob Moriarty explains why getting the critical mineral to market matters more than finding new deposits.<h2>Key Investor Takeaways</h2> <div> <div> <ul> <li>Tungsten's biggest challenge may be production, not scarcity. Veteran resource investor Bob Moriarty argues that companies capable of delivering tungsten quickly could have an advantage as China dominates global supply.</li> <li>Allied Critical Metals is targeting near-term production. Its Vila Verde project in Portugal is targeting the first tungsten concentrate in Q4 2026, subject to regulatory approvals and equipment delivery.</li> <li>Financing and offtake agreements support Allied's strategy. Allied announced a US$25 million equity financing and a separate US$15 million project financing facility in April 2026. It closed the second equity tranche in September, and a binding offtake agreement covers 50% of the planned Vila Verde pilot plant concentrate production.</li> <li>Analysts see potential upside. Ventum Capital Markets increased its CA$2.95 price target to CA$4.80, while Diamond Equity Research reaffirmed a CA$3.50 valuation in September 2026.</li> </ul> </div> </div> <h2>Tungsten's Real Supply Problem: Bob Moriarty Says Production Matters More Than Resources</h2> Veteran resource investor Bob Moriarty believes the tungsten market is facing a problem that has little to do with how much of the critical mineral exists underground. Instead, he argues that the real constraint is the amount of tungsten producers can bring to market, particularly as China maintains its dominant position in global supply. <a href="https://www.youtube.com/watch?v=XZZNSij5D-Y" target="_blank" rel="noopener">During an October 9 appearance on the Old Gold video podcast, </a>Moriarty, the founder of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold</a> and a longtime commentator on precious metals and natural resources, explained why he believes companies capable of moving into production quickly may have an advantage over those still years away from developing their deposits. "There is no shortage of tungsten," Moriarty said. "China has plenty of tungsten. Portugal has plenty of tungsten. South Korea has plenty of tungsten." His argument centers on the difference between possessing tungsten resources and having the operational capacity to produce and deliver the metal. "The issue is not how rare tungsten is. The issue is how rare is tungsten production that you can actually deliver," he said. That distinction could be particularly relevant for companies working to bring existing tungsten projects into production rather than beginning lengthy exploration programs. One company whose development plans can be examined through that lens is Allied Critical Metals, which is advancing two tungsten projects in northern Portugal and targeting initial production during the fourth quarter of 2026. Moriarty did not discuss Allied Critical Metals during the interview. Rather, his observations provide a broader industry perspective against which Allied's stated production plans can be evaluated. The scale of China's influence was a central part of Moriarty's argument. When the podcast host suggested China controlled approximately 85% of the tungsten supply, Moriarty responded that he believed the figure was closer to 90%. The latest available figures from the <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026.pdf" target="_blank" rel="noopener">U.S. Geological Survey's 2026 Mineral Commodity Summaries</a> put China's estimated 2025 tungsten mine production at 67,000 metric tons out of a worldwide total of 85,000 metric tons, representing approximately 78.8% of global output. Although lower than either estimate discussed during the interview, the figures confirm China's dominant position in tungsten mining. The USGS also reported that China introduced export controls on selected tungsten products in February 2025, contributing to sharply higher international prices. According to the agency, Rotterdam prices for ammonium paratungstate (APT), an important intermediate tungsten product, increased from US$331 to US$675 per metric ton unit during 2025. More recent pricing data supported Moriarty's observation that tungsten had risen by hundreds of percent over the preceding year. <a href="https://www.fastmarkets.com/insights/supply-chain-resilience-needed-as-tungsten-markets-evolve-cove-kaz-capital-group/" target="_blank" rel="noopener">Fastmarkets reported on October 9</a> that its October 2 assessment for APT delivered to Rotterdam and Baltimore stood at US$2,700 to US$2,900 per metric ton unit, approximately 355% above its October 3, 2025, assessment of US$580 to US$615. Moriarty argued that the supply imbalance did not necessarily reflect a lack of tungsten deposits. Instead, he pointed to the economics that had previously forced Western operations to close. "There are dozens of tungsten mines in the U.S. and Canada, all over the world," he said, explaining that many had gone out of business because prices had not justified continued operations. In his view, higher prices and geopolitical tensions have changed the economics of tungsten production, but they have not eliminated the time required to develop new mines. "There are tons of tungsten projects out there," Moriarty said. "If you want to deal with somebody who's planning on drilling for the next five years, good luck with that." The implication for investors is that a company's ability to produce and deliver tungsten may matter more in the near term than the size of its undeveloped mineral resources. Higher prices could improve project economics, but financing, permitting, processing capabilities, and execution remain important considerations. Portugal is particularly relevant to this discussion because Moriarty specifically identified the country as having substantial tungsten resources. USGS figures show that Portugal produced an estimated 700 metric tons of tungsten in 2025, establishing it as an existing producer outside China. That geographic connection provides a basis for examining Allied Critical Metals' plans to advance its two northern Portugal tungsten projects toward production. With the company targeting initial production in the fourth quarter of 2026, its progress offers a potential test of the distinction Moriarty drew between identifying tungsten resources and delivering tungsten to the market. <h2>Allied's Portugal Projects Put Production in Focus</h2> Moriarty's comments provide a relevant backdrop for <a href="https://www.streetwisereports.com/pub/co/11251?utm_medium=feed" target="_blank" rel="noopener">Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE),</a> which is advancing two tungsten projects in northern Portugal. The company's near-term production strategy reflects Moriarty's distinction, which he drew between identifying tungsten resources and delivering concentrate to market. At its Vila Verde project, Allied is targeting first tungsten concentrate production from a pilot plant in the fourth quarter of 2026, subject to regulatory approvals and delivery of long-lead equipment. The operation would initially process up to 150,000 tonnes of mineralized material annually, with potential expansion to 300,000 tonnes. The timeline represents a delay from the company's original fourth-quarter 2025 target. Allied is working to convert its exploration license into an experimental mining license, allowing it to begin production while pursuing longer-term development approvals. As of the latest information provided, the first concentrate production had not been confirmed. <h2>Financing and Offtake Support the Production Strategy</h2> <a href="https://alliedcritical.com/2026/04/24/allied-critical-metals-announces-transformative-u-s-40-million-financing-package-to-fast-track-tungsten-concentrates-production/" target="_blank" rel="noopener">In April 2026, Allied announced a US$40 million financing package,</a> comprising a US$25 million equity offering and a separate US$15 million project financing facility for the Vila Verde pilot plant. The company reported more than US$45 million in cash liquidity and available project financing in its May corporate update. <a href="https://alliedcriticalusa.com/2026/09/28/allied-critical-metals-announces-closing-of-second-tranche-of-u-s-25-million-private-placement-and-announces-new-strategic-investor/" target="_blank" rel="noopener">On September 28</a>, Allied announced that it had closed the second tranche of the equity offering, raising US$15 million from Tribeca Investment Partners. Allied also secured a binding five-year offtake agreement covering 50% of Vila Verde's planned pilot plant concentrate production, with a 2026 floor price of US$1,000 per metric tonne unit. It has separately announced a letter of intent with Pennsylvania-based Global Tungsten & Powders for concentrate sales, although the current status of that arrangement requires confirmation. <a href="https://alliedcritical.com/allied-critical-metals-projects-borralha/" target="_blank" rel="noopener">Allied's larger, 100%-owned Borralha Tungsten Project</a> is a past-producing operation described by the company as one of the European Union's largest undeveloped tungsten resources. An April 2026 preliminary economic assessment outlined an initial 11-year mine plan, with an estimated after-tax net present value of US$134 million at an 8% discount rate and a 27.2% internal rate of return under its base-case assumptions. A fully funded 20,000-meter drilling program is underway, targeting resource conversion and expansion. Borralha received a favorable Environmental Impact Declaration in January 2026. <h2>Analysts See Upside as Allied Advances Its Tungsten Projects</h2> On September 18, Ventum Capital Markets analyst Surya Sankarasubramanian maintained a "Buy" rating and CA$2.95 price target on Allied, describing recent Santa Helena drilling results as "Modestly Positive." He emphasized the importance of converting inferred resources into higher-confidence categories as Borralha advances toward more detailed studies. <blockquote class="callOut left">Ventum Capital Markets analyst Surya Sankarasubramanian maintained a "Buy" rating and CA$4.80 price target on Allied Critical Metals.</blockquote> On September 30, Sankarasubramanian shared an update on Allied, where he raised his price target to CA$4.80, while maintaining his Buy rating. Diamond Equity Research analyst Hunter Diamond reaffirmed a CA$3.50 per-share valuation in a September 25 company-sponsored research update. Diamond highlighted the drilling program's contribution to resource confidence, engineering, and mine planning, while noting that successful execution remained important to the valuation. [OWNERSHIP_CHART-11251] For Allied, the immediate test of Moriarty's production-focused thesis is Vila Verde. Financing and offtake arrangements are in place, but the company's ability to produce and deliver tungsten concentrate will determine whether its near-term strategy translates into operating results. <h2 dir="auto" data-start="6617" data-end="6947">Ownership and Share Structure1</h2> Following the September 28 financing, Allied Critical Metals has approximately 194.63 million shares outstanding, subject to the company's post-closing share-count disclosure. The company's 52-week range is CA$0.33-CA$2.48. Institutions own 16% of shares, while Management and Insiders own 31%. The remaining 53% of shares are held by Retail. <h2>Frequently Asked Questions About Tungsten Supply, Prices, and Allied Critical Metals</h2> Why is tungsten becoming one of the most important critical minerals in 2026? Tungsten is a strategically important metal used in defense equipment, aerospace components, industrial manufacturing, and high-performance cutting tools. Its exceptional hardness and high melting point make it difficult to replace in certain applications. Growing concerns about China's dominance of global tungsten production and export restrictions have increased attention on alternative suppliers, particularly in Europe and North America. Is there a global tungsten shortage in 2026? According to veteran resource investor Bob Moriarty, the primary problem is not a shortage of tungsten resources but a shortage of production that can actually reach customers. During an October 9, 2026, appearance on the Old Gold podcast, Moriarty emphasized that countries including Portugal and South Korea have tungsten deposits, but relatively few projects are positioned to deliver near-term production. How much of the world's tungsten does China control? According to the U.S. Geological Survey's 2026 Mineral Commodity Summaries, China produced approximately 67,000 metric tons of tungsten in 2025, representing about 79% of estimated global mine production. China's dominant market position and restrictions on selected tungsten exports have increased interest in developing tungsten mines outside China. How much have tungsten prices increased in 2026? Tungsten prices have risen sharply amid supply concerns and export restrictions. Fastmarkets assessed ammonium paratungstate (APT) delivered to Rotterdam and Baltimore at US$2,700 to US$2,900 per metric tonne unit on October 2, 2026, approximately 355% above its assessment from October 3, 2025. APT is an important intermediate product in the tungsten supply chain, although prices vary by product and market. Which tungsten mining companies could benefit from China's export restrictions? Companies developing tungsten production outside China have attracted attention as governments and industrial customers seek more diversified supply chains. Allied Critical Metals Inc. is one company pursuing near-term tungsten concentrate production in Portugal. Its ability to benefit from market conditions will depend on permitting, commissioning, production costs, and the successful delivery of concentrate. When will Allied Critical Metals begin tungsten production in Portugal? Allied Critical Metals has targeted the fourth quarter of 2026 for initial tungsten concentrate production from its Vila Verde pilot plant. The facility is designed to process up to 150,000 tonnes of mineralized material annually, with potential expansion to 300,000 tonnes. The target is subject to regulatory approvals and delivery of long-lead equipment. First production has not yet been confirmed in the information available for this article. What are Allied Critical Metals' Vila Verde and Borralha tungsten projects? Vila Verde and Borralha are two tungsten projects in northern Portugal. Vila Verde is the company's near-term production priority, using an existing quarry operation and a planned pilot processing facility. Borralha is a larger, past-producing tungsten project with an initial 11-year mine plan outlined in its preliminary economic assessment. Allied is conducting a 20,000-meter drilling program at Borralha to support resource conversion, expansion, and further technical studies. Does Allied Critical Metals have tungsten offtake agreements with buyers? Allied has announced a binding five-year offtake agreement covering 50% of planned tungsten concentrate production from the Vila Verde pilot plant, including a 2026 floor price of US$1,000 per metric tonne unit. The company has also announced a letter of intent with Pennsylvania-based Global Tungsten & Powders for potential concentrate sales. The current status of that letter of intent requires confirmation. What is the Allied Critical Metals stock price target for 2026? Ventum Capital Markets analyst Surya Sankarasubramanian maintained a "Buy" rating and CA$4.80 price target on Allied Critical Metals in September 2026. Diamond Equity Research analyst Hunter Diamond reaffirmed a CA$3.50 per-share valuation in a September 25 company-sponsored research update. These estimates reflect the analysts' assumptions and are not guarantees of future share performance. Why could Portugal become an important source of tungsten for the United States and Europe? Portugal has an established history of tungsten mining and existing mineral resources. Its location within the European Union makes it relevant to efforts to diversify critical mineral supply chains away from China. Projects such as Allied Critical Metals' Vila Verde and Borralha could contribute to an alternative tungsten supply if development, permitting, and production milestones are achieved. What should investors watch next for Allied Critical Metals stock? The most immediate milestone is the commissioning of the Vila Verde pilot plant and confirmation of the first tungsten concentrate production. Investors can also monitor the project's regulatory approvals, concentrate deliveries, progress under its offtake agreements, and results from Borralha's 20,000-meter drilling program. These developments could help determine whether Allied can transition from tungsten project development toward sustained production. <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>Allied Critical Metals Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Allied Critical Metals.</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">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=32795"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32795" width="0" height="0"> ( Companies Mentioned: ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE, ) ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE Thu, 15 Oct 2026 00:00:00 PST Why This Fund Manager Says the Commodity Cycle Is Just Getting Started https://www.streetwisereports.com/article/2026/10/08/why-this-fund-manager-says-the-commodity-cycle-is-just-getting-started.html Source: <a href="https://www.streetwisereports.com/article/2026/10/08/why-this-fund-manager-says-the-commodity-cycle-is-just-getting-started.html?utm_medium=feed">Streetwise Reports 10/15/2026</a> Straits Invests Ki Un Park explains the strategy behind the new Elementum Fund, why he believes commodities have further to run, and what drew him to an early-stage investment in Krait Critical Minerals Corp. (KRIT: CSE; U0S:FSE)Ki-Un Park is bullish on commodities. That does not mean he is in a hurry to buy them. A little more than two months after launching the Straits Invest Elementum Fund, Park said as much as roughly 70% of the young fund remained in cash, liquidity and money-market holdings as he waited for opportunities. "We are keeping our powder dry," Park said. That patience might seem unusual for a fund built around commodities at a time when metals have already attracted considerable investor attention. But it reflects an investment philosophy Park said was shaped over roughly two decades in private banking and portfolio management. Park said he believes the commodity cycle is just getting started, pointing to opportunities in critical minerals and mining equities that he believes have yet to fully reflect the broader rally. For him, identifying the trend is only part of the job. The harder question is deciding where within that trend the risk is worth taking. <h2>From Private Banking to a Commodity Fund</h2> Founded in 2003, Singapore-based <a href="https://straitsinvest.com/" target="_blank" rel="noopener">Straits Invest Pte. Ltd. </a>provides independent asset management services to high-net-worth and ultra-high-net-worth individuals as well as institutional clients. Park, who took over leadership of the firm before the COVID-19 pandemic, described Straits Invest as having two complementary business pillars. The first is its external asset management and multifamily office business, operating under a Capital Markets Services license issued by the Monetary Authority of Singapore. The second is its fund business. The Elementum Fund grew directly out of the first. "The investment idea of the Elementum Fund was born out of the portfolio management business we had for many, many years," Park said. Rather than developing an entirely new investment philosophy, Straits Invest condensed an approach it had already been applying through its portfolio management business into a fund designed to reach investors beyond its existing client base. The Straits Invest Elementum Fund launched on July 16 under Altius Capital VCC. (VCCs are Singapore’s regulated corporate structure for investment funds, comparable in purpose to Luxembourg SICAVs.) Park said the fund had approximately 6.8 million in assets under management at the time of the interview and was aiming to reach approximately 10 million by the end of the year. Initially, Straits Invest focused on existing clients, friends, and family. Park said the firm wanted to establish a track record before pursuing a broader base of institutional investors and larger families. <h2>Building Around Commodities</h2> Elementum uses what Park described as a core-satellite strategy. Up to 80% of the fund can be allocated to commodities and commodity-related investments, including ETFs, publicly traded equities and unlisted companies across areas ranging from precious and industrial metals to soft commodities. The remaining allocation can be directed toward investments outside the commodity thesis, including areas such as cybersecurity and artificial intelligence. Park said the satellite strategy was intended to provide exposure to assets that do not share the same risk profile as commodities, helping balance the portfolio while potentially adding another source of returns. At the center of the strategy, however, is Park's conviction that commodities have further to run. Gold and silver occupy a particularly important place. "I believe in gold and silver as the base, as the fundament of every fund who claims to be a commodity fund like ours," Park said. Even there, he is particular about how the fund gains exposure. Park said physical backing was an important consideration when selecting the fund's gold and silver ETFs. He contrasted those investments with simply owning what he called "paper gold" or "paper silver." "It gives me a little bit of comfort," he said. "It gives my clients a similar level of comfort." Using physically backed ETFs also allows the fund to avoid some of the practical complications Park associated with owning bullion directly, including storage costs and moving physical metal. <h2>A Different Definition of Risk</h2> Park's portfolio decisions become easier to understand once he explains what "risk" means to him. It is not primarily volatility. "I consider risk not in the form of volatility," Park said. "I define risk as the chance to lose everything." That philosophy helps explain how Elementum can combine established precious-metals exposure with much earlier-stage investments, provided the size of those positions reflects their risk. One example is <a href="https://www.streetwisereports.com/pub/co/11664?utm_medium=feed" target="_blank" rel="noopener">Krait Critical Minerals Corp. (KRIT: CSE; U0S:FSE)</a>. Park said the Krait opportunity was introduced to him by a longtime friend who knew the Elementum strategy. While Straits Invest can spend weeks or even months following prospective investments before committing capital, Park said it took him only a day or two to decide he wanted exposure to Krait. He was also explicit about the speculative nature of the investment. "From an asset manager risk perspective, I treat this Krait holding, this position, as a call option, to be very frank, because it's so early stage," Park said. (Park used 'call option' as an analogy for a small, speculative investment with substantial potential upside, while recognizing that the entire amount invested could be lost.) Given the fund's size and Krait's early stage, Park said Straits Invest kept its initial exposure relatively small. He also said the firm would most likely participate in Krait's next capital round. The attraction was partly the opportunity to gain exposure to a segment of the commodity market that Park found difficult to access elsewhere. Straits Invest already had ways to invest in precious metals, traditional industrial metals, and other areas of the commodity market. Krait offered something different. "This is something we didn't have in the portfolio," Park said. Krait's portfolio includes the Goldbar Spider Lake Project in Ontario and U.S.-based antimony interests in Washington State. The company acquired Nevada Hills Antimony LLC in September, giving it contractual interests related to the Bales Antimony Project as well as interests in the Antimony Bell Project and other related assets in Washington. For Park, that type of critical-minerals exposure fit the broader direction he expects commodity markets to take. He said commodities beyond the traditional precious and industrial metals could become an increasingly important part of the mix in the near future. Antimony illustrates why the current critical-minerals cycle may have more room to run. Global production is concentrated among a relatively small number of countries, while China's export restrictions have highlighted the risks of depending on foreign suppliers for materials essential to defense and manufacturing. Unlike a demand surge that can be addressed quickly by increasing production, rebuilding domestic mining and processing capacity can take years. That creates the potential for a prolonged investment cycle as governments and manufacturers seek more secure supply chains. But Krait's assets were only part of the decision. <h2>The People Behind the Investment</h2> Park repeatedly returned to another part of the Straits Invest philosophy: knowing the people on the other side of an investment. His introduction to Krait came through someone he already knew and trusted. That relationship subsequently gave Park direct access to <a href="https://kraitminerals.com/team/" target="_blank" rel="noopener">Krait CEO Oscar Mendoza</a>, which Park said became an important factor in his decision. That approach extends well beyond Krait. Whether Straits Invest is dealing with an investment manager, bank, auditor, service provider, or other important counterparty, Park said someone in the firm's leadership generally knows the founder, principal, or owner personally. "We know the counterparty, the founder, the principal, or the owner, or a combination of all three personally," Park said. Its position as a boutique asset manager helps make that possible. Park pointed to a network developed over decades, particularly in Europe and Asia, as an important part of how the firm operates. Personal relationships do not eliminate risk, he acknowledged. Investments can still fail, and business problems can still emerge. But direct relationships can make those problems easier to address. "There will be problems, but you can smooth out problems faster," Park said. "You have a certain level of trust." The same emphasis on research and relationships applies to more established investments. Park said Straits Invest sometimes follows prospective holdings for months before investing. He cited Baker Steel as an example, saying the firm monitored the investment manager for more than half a year, conducted research, and met its key people personally before allocating capital from managed client portfolios to Baker Steel's precious metals fund Royal Gold Inc. (RGLD:NASDAQ) was another investment Park discussed. More broadly, he said he saw substantial potential in mining equities relative to underlying commodity prices, pointing to factors including free cash flow, metal prices, and costs. The distinction matters because rising metal prices do not always translate immediately into higher mining share prices. For established producers, however, stronger commodity prices can increase operating margins and free cash flow when production costs remain relatively stable. That additional cash can support debt reduction, expansion and shareholder returns, potentially making mining equities more attractive even if metal prices stop climbing. Park's view suggests that the opportunity lies not only in higher commodity prices, but also in the possibility that mining stocks have yet to fully reflect the financial benefits of the rally. <h2>Keeping the Powder Dry</h2> Perhaps the most revealing thing about Elementum, however, is how much it had yet to invest. At the time of the interview, Park said the fund held only about eight to 10 positions and remained as much as roughly 70% in liquidity, cash and money-market holdings. For someone convinced that a new commodity cycle is underway, that restraint is deliberate. Elementum can own established commodity investments. It can make smaller bets on early-stage opportunities such as Krait. And it can move beyond commodities when Park sees an investment capable of diversifying the portfolio. What it does not have to do is deploy capital simply because that capital is available. Park said the fund was waiting for trends and signals before gradually building positions, looking to take advantage when market pullbacks created opportunities. That may be the clearest expression of the strategy Park spent years developing before Elementum existed. He believes the commodity cycle is just getting started. He is willing to wait for his shots. <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>Krait Critical Minerals Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Krait Critical Minerals Corp. and Royal Gold 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">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=32750"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32750" width="0" height="0"> ( Companies Mentioned: KRIT: CSE;U0S:FSE, ) KRIT: CSE;U0S:FSE Thu, 15 Oct 2026 00:00:00 PST Viridian Metals Goes 8 for 8 as Sulfides Stretch 3 Kilometers at Kraken https://www.streetwisereports.com/article/2026/10/14/viridian-metals-goes-8-for-8-as-sulfides-stretch-3-kilometers-at-kraken.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/viridian-metals-goes-8-for-8-as-sulfides-stretch-3-kilometers-at-kraken.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Viridian Metals Inc. (VRDN:CSE; VIRMF:OTCQB) hit sulfides in all eight step-out holes across 3 kilometers of its Kraken Main Zone in Labrador. Find out why one longtime mining expert says the real news is still to come.<h2>Key Investor Takeaways</h2> <ul> <li>All eight successfully drilled step-out holes along about 3 kilometers of the southern Kraken Main Zone intersected visually identified sulfides in the same styles seen in the established part of the zone.</li> <li>The broadest sulfide-bearing interval was 47.3 meters, and two holes cut semi-massive sulfides of 7.7 and 6.7 meters.</li> <li>Seven holes hit sulfides from the top of bedrock, and five ended in mineralization, leaving it open at depth. Assays from the step-outs are expected before the end of October.</li> <li>The new results provide additional geological context for Kraken Main, alongside an initial exploration target of 41 million to 61 million tonnes grading 0.35% to 0.52% copper equivalent (CuEq), which was based entirely on drilling completed before 2026.</li> <li>The extended hole VKS25-025 returned 23.05 meters grading 0.24% CuEq and still ended in mineralization.</li> <li>Two rigs are drilling at Kraken, returning to the northern Main Zone to extend earlier holes after testing the Venus target.</li> <li>S&P Global projects a 10 million metric ton copper supply shortfall by 2040, driven by rising power demand from AI, data centers, and defense, while new copper mines take an average of nearly 18 years to reach production.</li> </ul> <h2 dir="ltr">Kraken Main Sulfides Stretch 3 Kilometers South</h2> Viridian Metals Inc. (VRDN:CSE; VIRMF:OTCQB) reported that all eight successfully drilled step-out holes along about 3 kilometers of the southern Kraken Main Zone in Labrador intersected visually identified sulfides, according to the company's <a href="https://viridianmetals.com/viridian-intersects-sulphides-throughout-3-km-of-step-out-drilling-at-kraken-main/" target="_blank" rel="noopener">October 2 news release</a>. The holes tested a trend that begins about 500 meters south of Viridian's 2025 drilling and runs to a hole the company completed in 2023. The sulfides include the same patchy net-textured and semi-massive styles seen in the established part of the Main Zone, the company said. The broadest sulfide-bearing intervals were 47.3 meters in hole VKS26-063, 41.8 meters in VKS26-065, 33.2 meters in VKS26-062, and 28.0 meters in VKS26-059. Two holes also cut semi-massive sulfides, a higher-intensity style of mineralization: 7.7 meters in VKS26-062 and 6.7 meters in VKS26-060. Seven of the holes encountered patchy net-textured sulfides from the top of bedrock, and five ended in that mineralization, leaving it open at depth. The results are visual observations only. Laboratory assays are needed to determine metal grades, and the reported intervals are downhole lengths, with true thicknesses not yet known. <h2 dir="ltr">Filling a Kilometer-Wide Gap at Kraken Main</h2> President and Chief Executive Officer Tyrell Sutherland said the results "demonstrate the scale over which we continue to see the same sulphide system" at Kraken Main. Drilling has now hit visually identified sulfides at an average spacing of about 400 meters across the southern 3 kilometers, including semi-massive sulfides he said, compared with the company's best results so far. Before this program, that stretch of the Main Zone was represented by only two partially analyzed holes more than a kilometer apart, plus the 2023 hole at its southern end, Sutherland noted. He said the consistent results are in line with the scale of the Main Zone suggested by the company's interpretation. Viridian expected to deliver initial samples from holes through VKS26-063 to Activation Laboratories Ltd. in Ancaster, Ontario, the week of October 6, with assays expected before the end of October. Those will be the first assays from the southern step-out drilling. The company also released new assays from hole VKS25-025, which it extended this year after the original hole appeared to catch only the upper portion of the mineralized horizon. The extended hole returned 23.05 meters grading 0.24% copper equivalent (CuEq) from 21 meters and still ended in disseminated mineralization at 44.05 meters, an unknown distance above the main target horizon. Viridian has two rigs on site, drilling the season's 19th and 20th holes. Both were testing the Venus target, following up a 2023 hole that returned 7.55 meters of 0.4% nickel, 0.2% copper, and 0.05% cobalt from surface, with up to 0.76 grams per tonne (g/t) platinum, 0.33 g/t palladium, and 0.45 g/t gold. As of the October 2 update, both rigs were working on the Venus target, with the company expecting to complete the two holes by October 5 before returning to the northern Main Zone to extend 2025 holes that ended in the upper disseminated zones or did not reach bedrock The company's shares are now eligible for electronic clearing and settlement through the Depository Trust Co. (DTC), which Viridian said should simplify trading and improve liquidity for U.S. investors. <a href="https://www.globenewswire.com/news-release/2026/07/15/3327749/0/en/Viridian-Metals-Commences-Trading-on-the-OTCQB-Venture-Market-Under-the-Symbol-VIRMF.html" target="_blank" rel="noopener">The shares began trading July 15 on the OTCQB under VIRMF</a>. <h2 dir="ltr">Kraken Main's Initial Target Is Just the Starting Point</h2> The Kraken project covers 185 square kilometers and has seen historical work by Noranda/Kennecott and Teck Resources, according to the <a href="https://viridianmetals.com/kraken/" target="_blank" rel="noopener">company's website</a>. It includes a 45-kilometer contact between an ultramafic intrusion and basement rocks, and drilling has returned up to 4.1% copper. The Main Zone follows a roughly 5-kilometer conductor, with mineralization at or near surface. On September 15, Viridian announced an initial <a href="https://mining.com.au/viridian-metals-unveils-initial-copper-exploration-target-at-kraken/" target="_blank" rel="noopener">exploration target</a> for Kraken Main of 41 million to 61 million tonnes grading 0.35% to 0.52% CuEq. The target is based entirely on drilling completed before the 2026 program and assumes an average mineralized thickness of 8.6 meters. <blockquote class="callOut left" dir="ltr">"The real news will be when the company starts to release assay results near the end of October," Bob Moriarty said.</blockquote> The company cautioned that the target is conceptual and is not a mineral resource. It plans to begin metallurgical testing in late Q4 2026 to establish project-specific recoveries for copper, nickel, and cobalt. Earlier in September, Viridian reported its <a href="https://www.bnnbloomberg.ca/press-releases/2026/09/08/viridian-intersects-over-50-metres-of-mineralization-from-surface-at-kraken-main/" target="_blank" rel="noopener">first 2026 assays</a>, including 50.15 meters grading 0.68% CuEq from 1 meter downhole in the extension of hole VKS25-024. That interval included 11.6 meters of 1.28% CuEq. The fully funded 2026 program began June 9 and was planned as about 50 diamond drill holes to infill between widely spaced holes along the Main Zone, extend earlier intercepts that ended in mineralization, and test new conductor targets. Drilling was expected to continue through the end of October. Viridian also holds the Sedna copper project in Labrador. <h2 dir="ltr">Moriarty Says Assays Will Be ‘the Real News'</h2> Bob Moriarty of 321gold.com told Streetwise Reports that Viridian recently announced visual results from its drilling at Kraken. "The company has two drill rigs turning and expects to continue through the end of October at their high-grade copper, nickel, cobalt Kraken project in Labrador," Moriarty said. He noted that the company is "drilling short" holes "to define a resource." "The real news will be when the company starts to release assay results near the end of October," he said. <div> <div aria-label="Chat messages" aria-describedby="_r_fc_"> <div aria-setsize="12" aria-posinset="12" aria-label="Message 12 of 12"> <h2 dir="ltr">AI and the Grid Are Outrunning Copper Supply</h2> Copper has set records this year. Benchmark copper on the London Metal Exchange hit a record US$14,875 a tonne on September 10, and Comex copper later <a href="https://metalradar.com/article/copper-falls-from-near-record-highs-on-profit-taking-and-firmer-dollar-1790168877" target="_blank" rel="noopener">reached a record US$6.83 per pound</a>, with LME prices up 18% for the year as of late September. Viridian CEO Tyrell Sutherland has said prices consistently above US$6 per pound reflect "what we believe is a permanent structural shift," <a href="https://www.mining-technology.com/news/viridian-metals-copper-zones-up-at-kraken/" target="_blank" rel="noopener">Mining Technology reported</a>. Electricity is the main driver. In its January study <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">Copper in the Age of AI</a>, S&P Global projected global power demand will rise nearly 50% by 2040, and copper demand with it, from 28 million metric tons in 2025 to 42 million metric tons. Demand from AI and data centers, along with defense, is expected to roughly triple, together adding about 4 million metric tons a year. S&P expects supply to fall 10 million metric tons short by 2040, leaving about 25% of demand unmet, and <a href="https://press.spglobal.com/2026-01-08-Substantial-Shortfall-in-Copper-Supply-Widens-as-the-Race-for-AI-and-Growing-Defense-Spending-Add-to-Accelerating-Demand,-New-S-P-Global-Study-Finds" target="_blank" rel="noopener">called the shortfall</a> a "systemic risk for global industries, technological advancement, and economic growth." New mines won't close that gap quickly. Copper mines that began production between 2020 and 2023 took an average of <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/major-copper-discoveries" target="_blank" rel="noopener">17.9 years</a> from discovery, up from 12.7 years for mines starting in 2005 to 2009, S&P found. In Canada, critical minerals mines averaged <a href="https://press.spglobal.com/2024-07-18-United-States-Ranks-Next-to-Last-in-Development-Time-for-New-Mines-that-Produce-Critical-Minerals-for-Energy-Transition%2C-S-P-Global-Finds" target="_blank" rel="noopener">27 years</a> in a 2024 S&P study, though the firm said Canadian projects reach production more reliably than U.S. ones.[OWNERSHIP_CHART-11745] <h2 dir="ltr">Ownership and Share Structure1</h2> About 56% of the company is owned by insiders and management, and about 17% by institutions. The rest is retail. Its market cap is CA$45.18 million with 57.93 million shares outstanding. It trades in a 52-week range of CA$0.33 and CA$1.01. Common Questions from Investors </div> </div> </div> What did Viridian's October 2 step-out drilling show? All eight successfully drilled holes along about 3 kilometers of southern Kraken Main intersected visually identified patchy net-textured and semi-massive sulfides, with the widest interval reaching 47.3 meters. The results are visual only, and assays are pending. When are assay results expected? Viridian expects assays from the southern step-out holes before the end of October. What is the exploration target at Kraken Main? On September 15, Viridian announced an initial exploration target of 41 million to 61 million tonnes grading 0.35% to 0.52% CuEq. It is based on drilling completed before the 2026 program and is conceptual, not a mineral resource. How does the new drilling compare with previous work? The southern 3 kilometers of Kraken Main were previously represented by only two partially analyzed holes more than a kilometer apart, plus a 2023 hole at its southern end. The new holes hit sulfides at an average spacing of about 400 meters. What does DTC eligibility mean for U.S. investors? Viridian's shares can now be cleared and settled electronically through the Depository Trust Co., which the company said should make them easier to trade and improve liquidity in the U.S., where they trade on the OTCQB under VIRMF. Why is copper demand expected to outpace supply? S&P Global projects copper demand will rise 50% to 42 million metric tons by 2040 as electricity use grows, with AI, data centers, and defense among the fastest-growing sources. New mines are slow to come online, averaging 17.9 years from discovery to production for those that started between 2020 and 2023. <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=32803"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32803" width="0" height="0"> ( Companies Mentioned: VRDN:CSE;VIRMF:OTCQB, ) Wed, 14 Oct 2026 00:00:00 PST Bob Moriarty Says Energy Is the World's Most Important Commodity. Is Uranium the Next Opportunity? https://www.streetwisereports.com/article/2026/10/14/bob-moriarty-says-energy-is-the-worlds-most-important-commodity-is-uranium-the-next-opportunity.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/bob-moriarty-says-energy-is-the-worlds-most-important-commodity-is-uranium-the-next-opportunity.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Bob Moriarty of 321gold.com argues real assets can preserve wealth as paper currencies lose purchasing power. His focus on energy and uranium provides a macro backdrop for Azincourt Energy Corp.'s (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE) exploration projects.<h2>Key Takeaways</h2> <div> <ul> <li>Bob Moriarty argues that gold and other real assets can help preserve purchasing power as currencies lose value over time.</li> <li>Moriarty identifies energy, particularly uranium and natural gas, as essential commodities for the global economy.</li> <li>Moriarty suggests mining shares offer exposure to future commodity production but carry exploration, financing, permitting, and development risks.</li> <li>Azincourt Energy Corp. reported initial Snegamook uranium drilling results, including 0.07% eU₃O₈ over 0.6 meters.</li> </ul> </div> <h2>Bob Moriarty Makes the Case for Real Assets</h2> On October 9, 2026, Bob Moriarty, founder of <a href="https://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a>, joined the Old Gold podcast channel with Eric Robinson to discuss precious metals, mining companies, energy, and the long-term purchasing power of money. A former Marine fighter pilot who completed more than 800 combat missions in Vietnam, Moriarty subsequently became a prominent voice in the resource sector and an avid purchaser of gold as a safe-haven asset. During <a href="https://www.youtube.com/watch?v=XZZNSij5D-Y" target="_blank" rel="noopener">the interview</a>, Moriarty argued that investors should distinguish between the nominal price of an asset and its underlying value, showing his thinking by comparing military pay from the 1960s to modern compensation. He said that rising prices and wages do not necessarily mean people are becoming wealthier if the purchasing power of their money is declining. "An ounce of gold was an ounce of gold in 1966," Moriarty said. After saying that it's still an ounce of gold today, Moriarty said that the change is in the value of the currency used to quote the metal rather than the value of the metal itself. "If gold's expensive and silver's expensive and copper is expensive and zinc's expensive, what's an alternative safe way to invest in those commodities?" Moriarty asked. "The miners," the interviewer replied. Moriarty agreed, describing a gold-mining investment as buying gold "for future delivery." Mining shares provide exposure to a commodity through a business, but they also introduce company-specific risks, including exploration results, financing requirements, permitting, development costs, and the possibility that a deposit will never become an operating mine. The discussion took a different direction when the interviewer asked which commodities investors might be overlooking. Moriarty responded by asking, "What's the most important commodity in the world?" "Energy," he answered, specifically uranium and natural gas. <h2>Azincourt Energy Advances Uranium Exploration in Canada</h2> <a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE)</a> is a uranium exploration company with projects in Labrador's Central Mineral Belt and Saskatchewan's Athabasca Basin. Its portfolio includes the Harrier uranium project, the Sylvia Lake uranium project, and the East Preston project. The company is an early-stage explorer, not a uranium producer. Its future depends on exploration results, the potential to establish mineral resources, financing, and the ability to develop its assets. While Moriarty did not specifically endorse Azincourt in his interview, the company is an example of one company breaking into the uranium game he highlighted. Azincourt's latest exploration program focuses on the Snegamook uranium deposit within its approximately 13,000-hectare Harrier project in Labrador, Canada. In an October 2, 2026, <a href="https://www.newsfilecorp.com/release/317113/" target="_blank" rel="noopener">company announcement</a>, Azincourt reported that it had completed prospecting and soil sampling across targets at Harrier and commenced diamond drilling at Snegamook. According to the company, the program was designed to test selected historical mineralized intervals, improve the company's understanding of the deposit, and assess whether sufficient information could eventually support a maiden Mineral Resource Estimate (MRE). Then, on October 14, 2026, the company <a href="https://www.newsfilecorp.com/release/318818/Azincourt-Energy-Reports-Initial-Results-from-Drilling-at-Snegamook-Uranium-Deposit" target="_blank" rel="noopener">reported its initial drilling results</a>. The release stated that two holes, totaling 540 m (meters), had been completed. The first hole, SN0045, was drilled approximately 1.5 m from historical hole SN-08-06 to check the earlier result, while SN0046 tested the mineralized horizon farther down dip. Azincourt reported multiple zones of elevated radioactivity in both holes. Highlights included 0.07% eU₃O₈ (equivalent uranium oxide) over 0.6 m in SN0045 and 0.05% eU₃O₈ over 0.5 m in SN0046. The reported grades are radiometric equivalent grades, not final laboratory assay results. The intervals are drill-hole lengths, not true widths, with laboratory assays pending. These initial results provide geological information, but they should be considered in context: the company has not established a current mineral resource for Snegamook. Azincourt has said it intends to examine historical drill core, engage an independent Qualified Person, twin selected historical holes, and conduct additional drilling to evaluate the possibility of a future resource estimate. The broader Harrier property contains more than a dozen identified uranium mineralization zones. Historical surface samples have returned grades of up to 7.48% U₃O₈, according to the company, although surface samples do not establish the grade, width, or continuity of mineralization at depth. Azincourt is also pursuing the Sylvia Lake uranium project, approximately 100 km (kilometers) northwest of Happy Valley-Goose Bay in Labrador. The project covers approximately 6,725 hectares across two mineral licenses. Under the option agreement announced in August and updated in September 2026, the company is working toward acquiring 100% interest in the property. The third project is East Preston in Saskatchewan's Athabasca Basin. Azincourt holds an 87% interest in the approximately 20,674-hectare property, which contains a regional alteration system and prospective uranium targets. Exploration to prove economic viability is still required. <h2>Technical Analyst Calls Stock 'High Risk, High Reward'</h2> 1On February 9, 2026,<a href="https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html?utm_medium=feed" target="_blank" rel="noopener"> John Newell of John Newell & Associates</a> outlined a potential longer-term technical target of CA$0.70 for the company. "Azincourt Energy Corp. represents a high-risk, high-reward uranium opportunity offering genuine optionality at a point in the cycle where fundamentals are improving faster than market valuations," Newell wrote. Newell then said, "For investors comfortable with exploration risk and seeking leveraged exposure to a sustained uranium bull market, Azincourt Energy is a Speculative Buy at current levels around CA$0.07, with the understanding that value creation will ultimately depend on execution, drilling results, and broader market conditions." As of the time of this writing, the stock is trading around CA$0.04. <h2>Uranium Prices and the Nuclear Build-Out</h2> Moriarty's identification of energy as an essential commodity comes against a backdrop of renewed interest in nuclear power and the uranium required to fuel reactors. According to <a href="https://www.uranium.info/press_releases.php" target="_blank" rel="noopener">TradeTech</a>, its long-term uranium price indicator stood at US$97 per pound of U₃O₈ at the end of September 2026. The indicator has remained at that level for four consecutive months and is at its highest level in more than 18 years. The <a href="https://world-nuclear.org/our-association/publications/world-nuclear-outlook-report/executive-summary-world-nuclear-outlook-report-2026" target="_blank" rel="noopener">World Nuclear Association's 2026 outlook</a>, updated September 9, reported that global nuclear electricity generation reached a record 2,702 terawatt-hours in 2025, supplying approximately 9% of global electricity. Eleven reactors began construction in 2025, nine in China and two in Russia. The report also said that global nuclear capacity could reach 1,457 gigawatts-electric by 2050 if existing reactors continue operating under the report's assumptions and the identified construction pipeline and national capacity targets are realized. The World Nuclear Association noted that 38 countries had endorsed the goal of tripling global nuclear capacity by 2050, building on the commitment first announced at COP28 in 2023. Achieving that goal would require a substantial acceleration in reactor construction. However, these projections are conditional, not guaranteed outcomes. Reactor projects often face financing, permitting, construction, and political obstacles, and new capacity must be considered alongside reactor retirements and extensions to the operating lives of existing plants. <h2>The Investor's Choice: Paper Assets or Real Resources?</h2> Moriarty's interview argued that investors should think carefully about what their money will buy long-term. He believes that assets tied to real resources can offer an alternative to holding financial claims denominated in currency, which may decline in value. His comments about miners extend that argument from physical commodities to the businesses responsible for finding and extracting them. The potential attraction is exposure to future commodity production, but the associated risks vary substantially between established producers, development-stage companies, and early-stage explorers. Azincourt represents the exploration end of that spectrum. Moriarty closed the interview by framing the future of investment as a choice between increasing wealth and becoming poorer. "Investors have two choices now," he said. [OWNERSHIP_CHART-6171] <h2>Ownership & Share Information2</h2> Management and insiders own 10%, institutions hold 30%, and the rest is retail. Azincourt has 167.48 million shares outstanding, and its market cap is CA$6.71 million. Its 52-week range is CA$0.03–CA$0.15 per share <h2>Frequently Asked Questions</h2> Q: What uranium exploration results did Azincourt Energy report at the Snegamook deposit in October 2026? A: Azincourt Energy reported elevated radioactivity in two drill holes totaling 540 m. Highlights included 0.07% eU₃O₈ over 0.6 m in hole SN0045 and 0.05% eU₃O₈ over 0.5 m in hole SN0046. These are radiometric equivalent grades, not final laboratory assay results. Q: What are Azincourt Energy's main uranium exploration projects? A: Azincourt's portfolio includes the Harrier and Sylvia Lake uranium projects in Labrador, Newfoundland and Labrador, and the East Preston project in Saskatchewan's Athabasca Basin. The company remains an exploration-stage business and has not established the economic viability of these projects. Q: What uranium price and nuclear energy trends are supporting investor interest in the sector? A: TradeTech's long-term uranium price indicator reached US$97 per pound of U₃O₈ at the end of September 2026, its highest level in more than 18 years. The World Nuclear Association also reported record global nuclear electricity generation of 2,702 terawatt-hours in 2025, while identifying potential expansion in global nuclear capacity through 2050. Q: What did analyst John Newell say about Azincourt Energy's investment potential? A: In February 2026, John Newell of John Newell & Associates described Azincourt as a "high-risk, high-reward" uranium opportunity and outlined a potential long-term technical price target of CA$0.70. He characterized the stock as a "Speculative Buy" around CA$0.07 at the time, while emphasizing that potential value creation depended on exploration results, execution, and broader market conditions. The stock is currently trading around CA$0.04.1 Q: What are real assets, and how do they differ from paper assets? A: Real assets are tangible assets with intrinsic utility or value, such as gold, silver, copper, uranium, and real estate. Paper assets are financial instruments representing ownership, contractual claims, or investments, such as stocks and bonds. Both can fluctuate in value, and neither category is inherently protected against losses or inflation. Q: What is uranium oxide (U₃O₈), and why is it important to nuclear energy? A: Uranium oxide, commonly called yellowcake in its processed concentrate form, is a uranium-bearing material used in the nuclear fuel supply chain. Uranium is processed and enriched as needed before being fabricated into fuel for nuclear reactors. U₃O₈ is also the standard unit used to quote uranium prices and report many uranium exploration grades. Q: What is a Mineral Resource Estimate (MRE)? A: A Mineral Resource Estimate is an assessment of the quantity, grade, and geological characteristics of mineralization that has reasonable prospects for eventual economic extraction. It is based on geological evidence and sampling and is typically prepared or reviewed by a qualified professional. An exploration target or historical estimate is not equivalent to a current, compliant mineral resource. Q: What is radiometric equivalent uranium grade (eU₃O₈)? A: Radiometric equivalent uranium grade is an estimate of uranium concentration derived from radiation measurements, rather than directly from laboratory chemical analysis. It is commonly used in uranium exploration to identify and evaluate radioactive intervals in drill holes. Equivalent grades may differ from laboratory assay results, so they should not be treated as confirmed chemical grades. Q: What is the difference between a uranium exploration company and a uranium producer? A: A uranium exploration company searches for mineralization and evaluates whether a deposit may support future mining. A producer operates a mine and extracts uranium-bearing material for sale or further processing. Exploration companies generally face substantial uncertainty because they may need to establish a resource, demonstrate economic viability, secure permits and financing, and develop a mine before generating production revenue. <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>Azincourt Energy Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Azincourt Energy 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> 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 February 9, 2026 <ol> <li>For the quoted article (published on February 9, 2026), Azincourt Energy Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</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=32800"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32800" width="0" height="0"> ( Companies Mentioned: AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE, ) AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE Wed, 14 Oct 2026 00:00:00 PST Azincourt Energy Hits Broad Zones of Elevated Radioactivity in First Snegamook Holes https://www.streetwisereports.com/article/2026/10/14/azincourt-energy-hits-broad-zones-of-elevated-radioactivity-in-first-snegamook-holes.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/azincourt-energy-hits-broad-zones-of-elevated-radioactivity-in-first-snegamook-holes.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE) hit broad zones of elevated radioactivity in its first two drill holes at the Snegamook uranium deposit in Labrador. Find out why one market strategist says uranium is no longer a speculative corner of the energy market.<h2>Key Investor Takeaways</h2> <ul> <li>Azincourt Energy’s first two drill holes at the Snegamook uranium deposit in Labrador hit broad zones of elevated radioactivity, 30 meters in the first hole and 25 meters in the second.</li> <li>The best highlighted interval was 0.14% eU3O8 over 0.2 meter. These are radiometric estimates, and assays are expected early next year.</li> <li>The first hole, SN0045, was drilled to twin historical hole SN-08-06, which returned the best mineralized interval from past drilling at Snegamook.</li> <li>The program is now expected to total about 2,000 meters in six to seven holes, which will help Azincourt assess the potential for a future resource estimate.</li> <li>Snegamook has no current or historical mineral resource, and the historical data have not been verified.</li> </ul> <h2 dir="ltr">Snegamook Lights Up in Azincourt's First New Holes</h2> <a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE)</a> has confirmed uranium mineralization at its Snegamook deposit in Labrador with its first two drill holes there. The results come nearly two decades after the deposit was first drilled. Both holes hit broad zones of elevated radioactivity, 30 meters in the first and 25 meters in the second, <a href="https://www.azincourtenergy.com/news/azincourt-energy-reports-initial-results-from-drilling-at-snegamook-uranium-deposit" target="_blank" rel="noopener">according to an October 14 release</a>. "The numbers are in line with a lot of what you see [in] other deposits in the area," CEO Mark Tommasi told Streetwise Reports. "These are really good numbers." The company completed 540 meters in the two holes at Snegamook, part of its Harrier project in Labrador's Central Mineral Belt. The best interval was 0.14% eU3O8 over 0.2 meter. The grades are radiometric estimates from downhole probes, and assays to confirm them are expected early next year. Tommasi said the results shouldn't be judged against the Athabasca Basin in Saskatchewan, which is known for exceptionally high grades. <h2 dir="ltr">Following Up Snegamook's Top Historical Hit</h2> The first hole, SN0045, was drilled 1.5 meters from historical hole SN-08-06 to twin it. That historical hole had returned 0.97% U3O8 over 0.5 meter, the best interval from past drilling at Snegamook. A 10-centimeter check sample Azincourt took from its core in 2025 returned 2.71% U3O8. That sample was selective and isn’t representative of the historical interval or of the deposit as a whole. SN0045 reached 269 meters and hit multiple radioactive zones over 30 meters, from 94.1 to 124.9 meters, in brecciated monzodiorite gneiss. Highlights included 0.07% eU3O8 over 0.6 meter, including 0.14% over 0.2 meter, and 0.03% eU3O8 over 0.6 meter. The second hole, SN0046, was drilled from the same pad at a steeper angle to test the zone down dip. It reached 271 meters and hit a 25-meter radioactive zone from 187 to 211.6 meters. Highlights included 0.05% eU3O8 over 0.5 meter and 0.03% eU3O8 over 0.3 meter. The release said all intervals are drill hole lengths, not true widths. "This program has confirmed the mineralizing system and setting of the Snegamook uranium deposit," said Trevor Perkins, vice president of exploration. The results "demonstrate the small footprint and variability of the high-grade veins within this style of deposit" and are comparable with grades at nearby deposits such as Two Time and Anna Lake, he said. The program started in late September, later than planned, and is now expected to total about 2,000 meters in six to seven holes. Samples from all holes will be assayed at ACTLabs in Ancaster, Ontario. <h2 dir="ltr">Laying the Groundwork at Snegamook</h2> Snegamook was first drilled in 2007 and 2008, about 1.3 kilometers southeast of the Two Time uranium deposit. Seventeen historical holes cut a 20- to 50-meter-wide zone of uranium-bearing, altered monzodiorite, a setting Azincourt says is similar to Two Time's. Silver Spruce Resources (SSE:TSX.V) prepared a preliminary resource estimate in 2008, but it was never finalized or filed. Snegamook has no current or historical mineral resource, and Azincourt has not verified the historical data. This year’s program will help determine whether the drilling and historical data can support a future resource estimate. Azincourt is rehabilitating the historical core at the Kanairiktok storage facility, bringing in an independent Qualified Person, and twinning selected holes. "Our focus is on building a reliable geological dataset through drilling and historical core review to guide the next stages of exploration and assess the potential for a future mineral resource estimate," Tommasi said in the release. Crews are working from the Florence Lake Exploration Camp, about 170 kilometers north of Goose Bay. <h2>Labrador's Uranium Belt Waits for Its First Mine</h2> The Central Mineral Belt hosts numerous uranium deposits and has drawn renewed exploration as interest in a secure uranium supply grows, but it has never produced uranium. Paladin Energy Ltd.'s (PDN:TSX; PDN:ASX) Michelin project, made up of six deposits, holds a reported 127.7 million pounds of U3O8, according to Paladin's 2026 annual report. The historical Moran Lake C deposits are reported to hold 9.3 million pounds of U3O8, and Anna Lake 4.9 million pounds. Two Time, Snegamook’s nearest neighbor, was reported in 2008 to hold an indicated resource of 2.33 million pounds of U3O8 and an inferred resource of 3.73 million pounds. Those are historical estimates, and Azincourt is not treating them as current mineral resources. The company said it has not verified these third-party figures and that they don’t necessarily reflect mineralization at Harrier. Azincourt also holds the East Preston uranium project in Saskatchewan's Athabasca Basin. <h2 dir="ltr">A High-Risk Bet on a Strategic Fuel</h2> 1John Newell of John Newell & Associates sees uranium moving into the mainstream of energy investing. "Uranium is no longer considered a speculative corner of the energy market. It is increasingly viewed as a strategic fuel," <a href="https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html?utm_medium=feed" target="_blank" rel="noopener">he wrote in a February 9 review of Azincourt Energy</a>. Newell said the gap between uranium supply and demand is a key catalyst for the sector. Years of underinvestment have held back production while reactor demand stays steady, pushing utilities to lock in longer-term supply at higher prices. As inventories shrink, he said, new discoveries and advanced exploration projects in politically stable regions could become more valuable, which may open the door for junior explorers. He called Azincourt a high-risk exploration company that could benefit substantially if uranium market conditions keep improving. "For investors comfortable with exploration risk and seeking leveraged exposure to a sustained uranium bull market, Azincourt Energy is a Speculative Buy at current levels around CA$0.07, with the understanding that value creation will ultimately depend on execution, drilling results, and broader market conditions," Newell wrote. The shares have since traded around CA$0.04.[OWNERSHIP_CHART-6171] <h2>The AI Power Rush Meets a Uranium Shortfall</h2> Nuclear power is in the middle of a global revival. About 440 reactors in 31 countries supplied roughly 9% of the world's electricity in 2025, and about 80 more are under construction, <a href="https://www.world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx" target="_blank" rel="noopener">according to the World Nuclear Association</a>. Another 120 or so are planned, and more than 300 are proposed. The association is pushing to triple global nuclear capacity by 2050. Artificial intelligence is adding a new source of demand. Data centers used about 415 terawatt-hours of electricity in 2024, and that is set to more than double to about 945 terawatt-hours by 2030, with AI as the main driver, <a href="https://www.iea.org/reports/energy-and-ai/executive-summary" target="_blank" rel="noopener">the International Energy Agency said</a>. Nuclear will supply about as much new power to data centers as natural gas through 2035, especially in the U.S., China, and Japan, the agency said. Mine supply has not kept pace. Years of underinvestment, long permitting timelines, and shrinking secondary supplies have left the market short, and Sprott Asset Management expects the deficit to widen over the coming decade, <a href="https://www.mining.com/ai-boom-set-to-turbocharge-uranium-demand-in-2026/" target="_blank" rel="noopener">Mining.com reported</a>. Higher prices "will be required to incentivize restarts and greenfield developments," Sprott said. Prices have climbed. Uranium ended September at about US$89.63 a pound on the spot market and US$96.50 under long-term contracts, the price utilities pay to lock in supply, <a href="https://www.cameco.com/invest/markets/uranium-price" target="_blank" rel="noopener">according to Cameco Corp. (CCO:TSX; CCJ:NYSE)</a>, which averages month-end prices from UxC and TradeTech. That backdrop favors explorers in politically stable regions such as Labrador's Central Mineral Belt, where interest in a secure uranium supply has brought renewed exploration. <h2>Ownership and Share Structure2</h2> Management and insiders own 10%, institutions hold 30%, and the rest is retail. Azincourt has 167.48 million shares outstanding, and its market cap is CA$6.71 million. Its 52-week range is CA$0.03–CA$0.15 per share. <h2>Common Questions from Investors</h2> What did Azincourt find? Its first two holes at Snegamook hit 30-meter and 25-meter zones of elevated radioactivity. Highlights included 0.07% eU3O8 over 0.6 meter, including 0.14% over 0.2 meter, and 0.05% eU3O8 over 0.5 meter. Are these assay results? No. They are radiometric equivalent grades from downhole probes. Samples from all holes will be assayed at ACTLabs, with results expected early next year. Does Snegamook have a resource estimate? No. A 2008 preliminary estimate was never finalized or filed. Azincourt is drilling, twinning historical holes, and reviewing old core to assess a possible maiden resource estimate. What happens next? Azincourt plans four to five more holes, for about 2,000 meters in total, and will engage an independent Qualified Person to review the core. <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>Azincourt Energy Corp. is a billboard sponsor of Streetwise Reports and pays monthly sponsorship fees of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Azincourt Energy 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 John Newell article published on February 9, 2026 <ol> <li>For the quoted article (published on February 9, 2026), Azincourt Energy Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</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=32799"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32799" width="0" height="0"> ( Companies Mentioned: AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE, ) AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE Wed, 14 Oct 2026 00:00:00 PST Mackay Gold Draws Expert Chen Lin's Interest After Recent Site Visit https://www.streetwisereports.com/article/2026/10/14/mackay-gold-draws-expert-chen-lins-interest-after-recent-site-visit.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/mackay-gold-draws-expert-chen-lins-interest-after-recent-site-visit.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Mackay Gold and Silver Corp. (MACK:TSXV; MKGSF:OTCQB) consolidates Comstock Lode with recent acquisitions and drill results; newsletter writer Chen Lin highlights the company as interesting after a visit.Mackay Gold and Silver Corp. (MACK:TSXV; MKGSF:OTCQB) continues to advance its consolidated land package in Nevada's historic Comstock district while drawing attention from stock newsletter writer Chen Lin of What is Chen Buying? What is Chen Selling?. Chen recently visited both Mackay and peer P2 Gold Inc. (PGLD:TSXV;PGLDF:OTCMKTS) and described the pair as very interesting companies. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Mackay has agreed to acquire the historic Big Bonanza ground, a transaction intended to consolidate the entire 6 km Comstock Lode</li> <li>Initial drill results from Occidental South nearly doubled the known strike length of mineralization to 550 m (meters) with multiple thick oxide gold intercepts.</li> <li>Chen Lin highlighted Mackay, alongside P2 Gold, as interesting companies after recent site visits.</li> <li>Mackay's October 9, 2026, TSXV acceptance confirms the latest Nevada claims acquisition for US$4.3 million cash plus shares.</li> <li>The company remains well-funded with an ongoing 20,000 m drill program and regular assay updates expected.</li> </ul> <h2 style="text-align: center;">Back-to-Back News for Mackay</h2> On <a href="https://www.stockwatch.com/News/Item/Z-C!MACK-3871130/C/MACK" target="_blank" rel="noopener">October 9, 2026,</a> the TSX Venture Exchange accepted for filing Mackay's arm's-length acquisition of 39 patented mining claims and additional lands in Storey and Lyon counties, Nevada, totaling approximately 392 hectares, for cash payments of US$4.3 million and 934,575 common shares at a deemed price of CA$2.95 per share, subject to a 2% NSR. This follows the company's September 10, 2026, <a href="https://mackaycorp.com/wp-content/uploads/2026/09/PRESS-NR_2026_Comstock-Lode-Big-Bonanza-Acquisition-Sept10_2026_Final.pdf" target="_blank" rel="noopener">definitive agreement</a> to acquire the historic Big Bonanza ground, consolidating the entire 6 km length of the Comstock Lode under a single ownership for the first time. <a href="https://mackaycorp.com/wp-content/uploads/2026/09/NR_First_Drill_Results_Sept15_2026-Final.pdf" target="_blank" rel="noopener">Initial drill results</a> from the inaugural 20,000 m program at Occidental South, released September 15, 2026, included thick near-surface oxide gold intercepts such as 1.00 g/t gold (Au) over 59.4 m (meters) in hole 26MGS007, 1.15 g/t Au over 47.2 m in hole 26MGS005, and 0.97 g/t Au over 48.8 m in hole 26MGS001, extending the strike length to approximately 550 m. <h2 style="text-align: center;">Chen Lin's Recent Site Visits Cause Intrigue</h2> Chen Lin of What is Chen Buying? What is Chen Selling?, who recently visited Mackay, said the company is "exploring rapidly in the historical Comstock mining district" and is taking a different approach from previous operator Comstock Inc. (LODE:NYSEAMERICAN). According to Lin, the previous owner controlled a small portion of the district and attempted to reach production through heap leaching at a targeted rate of 20,000 ounces of gold per year, but "failed to make money." Lin said Mackay's management is instead focusing on the district's lower-grade, open-pit potential first. He believes the company could "relatively easily prove 2-3 million oz of gold, open pit, ~1g/ton" before pursuing the higher-grade deposits that made the Comstock district historically significant. "Then they will hunt for the whales, which makes this district so famous in history," Lin said. Lin then noted that Mackay's exploration strategy relies primarily on reverse-circulation (RC) drilling, meaning investors should expect results that are largely around 1 g/t Au, consistent with the company's recently announced results. While some investors may be anticipating a high-grade discovery, Lin said the company is also conducting deeper core drilling, noting that "it will likely take time." Describing Mackay as a "relatively unknown story and recent IPO," Lin stated that its initial public offering price was around CA$2 per share. He said he would "try to pick up shares on weakness as the drilling results come out." <blockquote class="callOut left">Chen Lin said he would "try to pick up shares on weakness as the drilling results come out."</blockquote> In the same statement, Lin also commented on Mackay peer P2 Gold, describing it as "a Cinderella stock of Nevada" after its share price appreciated approximately 30-fold from its low two years earlier. He said the company plans to file for a mining permit in early 2027, expects approval by year-end 2027, and is targeting its first gold pour in 2028. According to Lin, P2 Gold believes it currently has approximately 3 million ounces of gold equivalent (AuEq) and is targeting 5 million ounces or more through exploration, with an updated mineral resource targeted for the fourth quarter of 2026. Lin added that the company plans to secure a financing package as it advances the permitting process. <a href="https://beta.finance.yahoo.com/quote/PGLD.V/" target="_blank" rel="noopener">P2 Gold Inc. has shown strong recent performance</a>, with shares trading around CA$1.37 as of mid-October 2026 and significant year-to-date gains. As sector peers without any reported partnership or direct operational link, Lin's comparison highlights shared appeal in the current gold exploration environment. <h2 style="text-align: center;">Gold Prices Lower But Still Strong</h2> Gold has pulled back sharply from its 2026 high, with prices remaining near US$4,160 per ounce as of October 13, 2026. <a href="https://www.goldprice.com/gold-price-today" target="_blank" rel="noopener">GoldPrice.com</a> reported that gold closed at US$4,160.79 on October 13, 2026, following a previous close of US$4,171.65. The metal has faced pressure from elevated Treasury yields, a stronger U.S. dollar, and shifting expectations for Federal Reserve policy. Investors are now watching U.S. inflation data and Federal Reserve commentary for further indications of the direction of interest rates, which can affect the opportunity cost of holding non-yielding gold. The September correction was particularly notable because investment demand remained comparatively strong. The <a href="https://www.gold.org/goldhub/research/gold-market-commentary-september-2026" target="_blank" rel="noopener">World Gold Council</a> reported that gold fell 8.5% during September, while global gold ETFs recorded US$10 billion in inflows, equivalent to 67 tonnes. The divergence between ETF inflows and declining futures positions highlighted how distinct investor groups responded differently to the market correction. The broader demand picture also remains relevant to the gold sector. The <a href="https://www.gold.org/node/18275" target="_blank" rel="noopener">World Gold Council's Q2 2026 Gold Demand Trends report</a> showed that total gold demand, including over-the-counter activity, reached 2,522 tonnes during the first half of 2026, up 2% year over year, while the value of demand reached a record US$380 billion. The council's outlook identified investment demand as a principal potential source of gold-demand growth through the remainder of 2026, with central banks also expected to remain significant buyers. At the same time, elevated prices have continued to weigh on jewelry demand. <blockquote class="callOut left right">The Paydirt Prospector called Mackay's recent news "a big moment" for the company. </blockquote> The September decline also affected gold equities, underscoring the sensitivity of mining companies to movements in the underlying metal. <a href="https://www.mining.com/top-50-mining-companies-take-264-billion-hit-as-gold-trade-unwinds-lithium-stocks-exit/" target="_blank" rel="noopener">Mining.com</a> reported that the world's 50 most valuable mining stocks lost approximately US$264 billion in market value during September. The publication noted that gold futures declined from about US$4,441 per ounce at the end of August to US$4,158 per ounce at the end of September, a 6.4% monthly decline. Rising bond yields, a firmer dollar, and tighter monetary-policy expectations contributed to the selloff. For exploration-stage companies, the current gold market presents both opportunities and risks. Gold remains near US$4,160 per ounce, while ETF inflows and broader investment demand have provided evidence of continued investor interest despite the September correction. However, recent price volatility illustrates how quickly shifts in interest-rate expectations, bond yields, currency movements, and investor positioning can affect gold equities. For companies advancing exploration programs in established gold districts, prices remain elevated in historical terms, but near-term fluctuations remain an important consideration when evaluating project economics and financing prospects. <h2 style="text-align: center;">Newsletter Writers Optimistic Over Results</h2> "The attraction [of Mackay] is the quality of the address and the potential scale," wrote Dominic Frisby of <a href="https://www.theflyingfrisby.com/p/1-my-ten-largest-gold-mining-positions?utm_source=publication-search" target="_blank" rel="noopener">The Flying Frisby</a> on September 17, 2026. Frisby argued that, "This is not about geological theory. There is historically proven gold and silver here. Modern drilling and geological interpretation are beginning to show that the mineralization may extend beyond what the historic miners exploited around the old workings." Another reason Frisby has expressed interest in the company is its "extremely capable" CEO, Darwin Green. On the same day, Jeff Clark, Daniel Flynn, and Sharyn Alexander of <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/our-new-nevada-gold-pick-kicks-off-drilling-with-a-bang-plus-more-updates-including-3-stocks-added-to-gdxj/#mc" target="_blank" rel="noopener">The Paydirt Prospector</a> called Mackay's recent news "a big moment" for the company. "This is the start we were after," the trio wrote, giving a "Strong Buy" recommendation. They continued, "Mackay has the land, the team, and the balance sheet to attack the Comstock properly, and it’s now entering what should be an intense news flow period . . . now we want to see the oxide footprint keep growing and what the deeper Sutro Tunnel drilling can uncover as more assays are released." <h2 style="text-align: center;">Further Drilling Ahead</h2> According to Mackay's September <a href="https://mackaycorp.com/wp-content/uploads/2026/09/Mackay-Gold-Silver-Sept-15-2026-final.pdf" target="_blank" rel="noopener">investor presentation</a>, upcoming catalysts include additional assay results from its Phase 1 drill program at the Comstock District, where the company aims to outline 1–2 million ounces of gold over the next year, while its Sutro drilling is targeting a potential high-grade gold-silver discovery. Mackay also plans to develop its Lucerne and Dayton deposits by bringing historical estimates into compliance with NI 43-101 resource reporting standards, potentially supported by confirmation and expansion drilling. Further exploration across the district, including work to identify previously undiscovered high-grade veins, could provide additional opportunities to expand the company's resource base. [OWNERSHIP_CHART-11638] <h2 style="text-align: center;">Ownership & Share Information1</h2> Mackay Gold and Silver Corp. has a market cap of CA$259.44 million, with 87.77 million shares outstanding. The company's 52-week range is CA$1.96-CA$5.00. Institutions own 8.69% of shares, while Management & Insiders own 2.26%. The remaining 89.05% of shares are Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What did Chen Lin say about Mackay Gold and P2 Gold? A: On October 12, 2026, Chen Lin stated, "I just came back from visits to PGLD.v and MACK.v. Both are very interesting companies. I will post some pictures later. PGLD.v is really a Cinderella." Q: What were the latest drill results at Occidental South? A: The September 15, 2026, release reported intercepts including 1.00 g/t gold over 59.4 m, 1.15 g/t gold over 47.2 m, and 0.97 g/t gold over 48.8 m from step-out holes. Q: How does the Comstock consolidation benefit Mackay? A: The acquisitions unite the full 6 km Comstock Lode and parallel structures under one owner for the first time, enabling district-scale exploration. Q: What is the status of the Big Bonanza acquisition? A: The TSXV accepted the filing on October 9, 2026, following the September 10 agreement; the deal expands the land package by 392 hectares. Q: How does Mackay compare to P2 Gold as a peer? A: Both are gold exploration companies visited by Chen Lin in October 2026 and described as interesting; P2 Gold Inc. has reported strong recent share performance, while Mackay advances Comstock drilling and consolidation. Q: What is an open-pit gold mine? A: An open-pit gold mine extracts gold-bearing rock from a large surface excavation rather than through underground tunnels. This method is often considered for deposits that are relatively close to the surface and spread across broad areas, including the lower-grade mineralization being explored at Nevada's Comstock district. Q: What is reverse-circulation (RC) drilling in mineral exploration? A: Reverse-circulation drilling is an exploration method that uses compressed air to bring rock samples to the surface through the inner tube of a drill rod. These samples help geologists assess mineralization, estimate its extent, and identify areas for further drilling. Q: What does grams per tonne (g/t) mean in gold mining? A: Grams per tonne is a measurement of gold grade that indicates how many grams of gold are present in one metric tonne of rock. For example, a drill intercept grading 1 g/t gold contains an average of one gram of gold per tonne across the reported interval; grade alone does not establish whether a deposit can be mined economically. Q: What is a mineral resource estimate (MRE), and why is NI 43-101 important? A: A mineral resource estimate is an assessment of the quantity and grade of mineralization that geological evidence indicates may be present in a deposit. NI 43-101 is Canada's regulatory standard for public disclosure of scientific and technical information about mineral projects, including resource estimates. Historical estimates may require additional verification before they can be reported as current mineral resources under the standard. Q: What is a net smelter return (NSR) royalty in mining? A: A net smelter return royalty is a payment to a royalty holder based on the revenue from mineral production after specified deductions, which may include transportation, smelting, and refining costs. Mackay's October 2026 claims acquisition is subject to a 2% NSR royalty, meaning the royalty holder may be entitled to a share of qualifying revenue if production occurs under the agreement's terms. <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=32798"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32798" width="0" height="0"> ( Companies Mentioned: MACK:TSXV;MKGSF:OTCQB, ) Wed, 14 Oct 2026 00:00:00 PST Red Cat Bets on Low-Cost TRICHON Drone as It Unifies Brands at AUSA https://www.streetwisereports.com/article/2026/10/14/red-cat-bets-on-low-cost-trichon-drone-as-it-unifies-brands-at-ausa.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/red-cat-bets-on-low-cost-trichon-drone-as-it-unifies-brands-at-ausa.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Red Cat Holdings Inc. (RCAT:NASDAQ) unveiled its hand-launched TRICHON reconnaissance drone at AUSA 2026 and brought its drone businesses together under the new Red Cat Aerial brand. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Red Cat Holdings combined Teal Drones and FlightWave Aerospace under the new Red Cat Aerial brand, giving customers one point of contact and its engineers a shared base for faster development.</li> <li>The company unveiled TRICHON, a hand-launched VTOL reconnaissance drone aimed at units that need small drones in large numbers at a lower cost, though it gave no specifications, pricing, or delivery timeline.</li> <li>Red Cat's second-quarter revenue rose 527% to US$20.2 million, and it reaffirmed its 2026 revenue target of US$150 million to US$180 million.</li> <li>The Pentagon plans to spend about US$1 billion over two years on small drones, while U.S. rules increasingly bar Chinese-made drones and parts, which favors U.S. makers like Red Cat.</li> </ul> <h2 dir="ltr" style="text-align: center;">TRICHON Takes Flight as Red Cat Rebrands at AUSA</h2> Red Cat Holdings Inc. (RCAT:NASDAQ) announced it has launched Red Cat Aerial, combining its drone businesses under one brand. At the same time, it unveiled TRICHON, a new long-endurance reconnaissance drone, at the Association of the U.S. Army's annual meeting in Washington, D.C., <a href="https://ir.redcatholdings.com/news-events/press-releases/detail/243/red-cat-launches-red-cat-aerial-unifying-its-uas-portfolio-under-one-brand-and-unveils-trichon-long-endurance-vtol-isr-system-at-ausa-2026" target="_blank" rel="noopener">according to an October 12 release</a>. TRICHON is a hand-launched, vertical takeoff and landing (VTOL) tricopter built for intelligence, surveillance and reconnaissance (ISR) missions. Red Cat said it pairs long flight times with an electronics core already trusted by U.S. and allied operators. It is aimed at units that need small drones in large numbers for training, deployment, and replacement at a lower cost of entry. The release gave no specifications, pricing, delivery timeline or customer for TRICHON. The show, known as AUSA, runs through October 14. Red Cat's maritime division, Blue Ops, is also running on-water demonstrations of its Variant 7 uncrewed surface vessel on the Potomac River during the event. <h2 dir="ltr" style="text-align: center;">Why Red Cat Folded Teal and FlightWave Into One Brand</h2> Red Cat Aerial combines the teams and technology of Teal Drones and FlightWave Aerospace into one organization. Red Cat completed its all-stock acquisition of Utah-based Teal in September 2021, <a href="https://govconwire.com/2021/09/red-cat-completes-all-stock-acquisition-of-teal-drones" target="_blank" rel="noopener">GovConWire reported</a>, and <a href="https://dronedj.com/2024/09/05/red-cat-flightwave-acquisition-closing" target="_blank" rel="noopener">closed its purchase of FlightWave</a> in September 2024. FlightWave brought the Edge 130, a three-rotor drone built to military standards. The combined lineup includes: <ul dir="ltr"> <li>Black Widow, Red Cat's small reconnaissance drone</li> <li>FANG, a first-person-view drone</li> <li>Edge 130</li> <li>Hellcat, a configurable small drone built on the Black Widow architecture</li> <li>TRICHON</li> </ul> Red Cat said the merger gives customers a single point of contact and gives its engineers a shared base to develop new platforms faster as mission needs change. Mitch McDonald, CEO of Red Cat Aerial, said the combined organization can speed up purpose-built systems and called TRICHON "the first example of that approach." <h2 dir="ltr" style="text-align: center;">Red Cat Revenue Jumps 527% as Drone Business Scales</h2> Black Widow is Red Cat's flagship product. In November 2024, the company said the Army had selected it for the Short Range Reconnaissance (SRR) program, <a href="https://www.tipranks.com/news/company-announcements/red-cats-black-widow-drone-achieves-u-s-army-milestone" target="_blank" rel="noopener">TipRanks reported</a>. Black Widow is on the Pentagon's Blue UAS list of approved drones. In August, Red Cat finished building a US$2.49 million Black Widow order for the U.S. Air Force ahead of its delivery deadline, <a href="https://dronexl.co/2026/08/18/red-cat-mcdonald-interview-black-widow-ain-army/" target="_blank" rel="noopener">DroneXL reported</a>. <blockquote class="callOut left" dir="ltr">Northland Securities' Michael Latimore kept his Buy rating and cut his target to US$13 from US$15.</blockquote> Red Cat's revenue rose 527% from a year earlier to US$20.2 million in the second quarter, the company reported <a href="https://www.stocktitan.net/news/RCAT/red-cat-reports-q2-2026-revenue-growth-of-527-y-y-q2-gross-margins-3ds2mkhwi7nh.html" target="_blank" rel="noopener">on August 6</a>. Gross margin improved to 16.1%. The company posted a net loss of US$35.3 million and ended June with US$325.6 million in cash. It reaffirmed its 2026 revenue target of US$150 million to US$180 million. "Revenue increased more than fivefold year-over-year as we scaled deliveries," said Chairman and CEO Jeff Thompson. Blue Ops has leased its Variant 7 vessel to the U.S. Navy through the Office of Naval Research, and Red Cat completed its acquisition of Quaze Technologies in May, which makes wireless charging systems for autonomous drones. <h2 dir="ltr" style="text-align: center;">Buy Ratings Hold, but Price Targets Come Down</h2> Analysts remain mostly bullish on Red Cat, even as the stock trades near the bottom of its 52-week range. Six of the seven analysts who have rated Red Cat in the past three months call it a "Buy," and one rates it a "Hold," with an average price target of US$16.57, <a href="https://www.tipranks.com/stocks/rcat/forecast" target="_blank" rel="noopener">according to TipRanks</a>. Coverage has widened since the second-quarter results, though new targets have come in lower. On September 17, Northland Securities' Michael Latimore kept his "Buy" rating and cut his target to US$13 from US$15. Piper Sandler's Clarke Jeffries started at "Neutral" with a US$9 target on September 2, the only non-Buy rating among recent calls. Evercore ISI initiated coverage with an "Outperform" rating and a US$15 target on August 31. Clear Street's Brian Dobson rated it a "Buy" with a US$19 target on August 18, and Roth MKM's Craig Irwin kept a "Buy" and US$25 target on August 11. Needham & Company's Austin Bohlig kept his "Buy" rating on August 7, but lowered his target to US$15 from US$20. In May, he had cited Red Cat's U.S. Army order as a sign of potentially larger production phases to come. H.C. Wainwright's Amit Dayal reiterated a "Buy" and US$20 target the same day. Earlier in the year, <a href="https://www.streetwisereports.com/article/2026/08/11/this-defense-drone-maker-just-landed-an-nfl-partnership-with-the-washington-commanders.html?utm_medium=feed" target="_blank" rel="noopener">Ladenburg Thalmann's Glenn Mattson reaffirmed</a> his "Buy" rating and raised his target to US$20 on March 3. ThinkEquity's Ashok Kumar set a US$25 target after first-quarter results. He cautioned that Red Cat needs sustained quarterly performance to reach its 2026 revenue target of US$150 million to US$180 million. <h2 dir="ltr" style="text-align: center;">Washington's Drone Push Could Favor US Makers</h2> The global military drone market was worth about US$18.2 billion in 2025 and could reach US$62.3 billion by 2035, <a href="https://www.gminsights.com/industry-analysis/military-drone-market">according to Global Market Insights</a>. Defense Secretary Pete Hegseth ordered the Pentagon to buy small drones faster, saying "U.S. units are not outfitted with the lethal small drones the modern battlefield requires," <a href="https://breakingdefense.com/2026/06/under-drone-dominance-push-pentagon-begins-receiving-small-drones/">Breaking Defense reported</a>. The Pentagon's Drone Dominance Program aims to accelerate the fielding of low-cost drones for U.S. military units. Following its August 2026 Gauntlet II competition, the program announced plans to place orders for 60,000 drones from top-performing companies, with final quantities to be determined upon contract award, <a href="https://govconic.com/2026/09/23/drone-dominance-gauntlet-ii-60000-drone-order/">GovConic reported</a>. Federal law bars the Pentagon from buying drones made in China, Russia, Iran, or North Korea, or drones that use flight controllers, radios, cameras, or other key parts from those countries, <a href="https://dronexl.co/guides/ndaa-compliant-drones/">according to DroneXL</a>. Similar limits took effect across federal agencies in December 2025. That month, the Federal Communications Commission added foreign-produced drones and critical components to its Covered List, restricting authorization of new models subject to applicable exceptions. The action did not prohibit continued use of drones already purchased or automatically end sales of previously authorized models, <a href="https://www.bloomberg.com/news/articles/2025-12-22/fcc-blocks-foreign-made-drones-from-future-us-use">Bloomberg reported</a>. Many drones on the Pentagon's approved Blue UAS list still use Chinese motors, batteries, or speed controllers, which the original rules didn't cover, DroneXL reported. Chinese motors cost as little as US$12, compared with at least US$100 for American ones. Red Cat's Black Widow is on the Blue UAS list, and the company is pitching TRICHON to units that need drones in large numbers at a lower cost.[OWNERSHIP_CHART-9727] <h2 dir="ltr" style="text-align: center;">Ownership and Share Structure1</h2> As for ownership, about 8.15% of Red Cat is held by insiders and management, about 57.67% by institutions, and the remainder by retail investors. The company has 152.71 million shares outstanding, a market cap of US$791.8 million, and a 52-week range of US$5.14 to US$18.78. <h2 style="text-align: center;">Common Questions from Investors</h2> What is Red Cat Aerial? It's Red Cat's new brand for its drone business, combining the teams and technology of Teal Drones and FlightWave Aerospace. Its lineup includes Black Widow, FANG, Edge 130, Hellcat, and the new TRICHON. What is TRICHON? TRICHON is a hand-launched, vertical takeoff and landing (VTOL) tricopter built for intelligence, surveillance, and reconnaissance (ISR) missions. Red Cat said it pairs long flight times with an electronics core already used by U.S. and allied operators. The release gave no specifications, pricing, delivery timeline, or customer. Where is Red Cat showing it? At AUSA 2026, the Association of the U.S. Army's annual meeting in Washington, D.C., running through October 14. Red Cat's maritime division, Blue Ops, is also demonstrating its Variant 7 uncrewed surface vessel on the Potomac River. How is Red Cat's business doing? Second-quarter revenue rose 527% from a year earlier to US$20.2 million, and gross margin improved to 16.1%. Red Cat posted a net loss of US$35.3 million and ended June with US$325.6 million in cash. Why does U.S. policy matter for Red Cat? U.S. policy increasingly restricts federal procurement and the authorization of new foreign-produced drones and critical components. The applicable rules differ by agency and program. Red Cat's Black Widow is on the Pentagon's Blue UAS list of approved drones. <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.</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=32797"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32797" width="0" height="0"> ( Companies Mentioned: RCAT:NASDAQ, ) Wed, 14 Oct 2026 00:00:00 PST Seabridge Gold Heads to Wyoming for an Olympic Dam-Style Gold and Critical Minerals Play https://www.streetwisereports.com/article/2026/10/14/seabridge-gold-heads-to-wyoming-for-an-olympic-dam-style-gold-and-critical-minerals-play.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/seabridge-gold-heads-to-wyoming-for-an-olympic-dam-style-gold-and-critical-minerals-play.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Seabridge Gold Inc. (SEA:TSX; SA:NYSE) is buying Orogen Royalties' Slaughterhouse project in southern Wyoming for US$300,000 upfront to test an untapped copper-gold and critical minerals target. Find out what one analyst says matters more to the stock than new discoveries.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Seabridge Gold agreed to buy 100% of the Slaughterhouse iron oxide copper-gold (IOCG) project in southern Wyoming from Orogen Royalties for US$300,000 at closing, plus up to US$2.55 million in milestone payments.</li> <li>The deal gives Seabridge 163 U.S. mining claims and several years of Orogen's exploration data, while Orogen keeps a 2.5% net smelter return royalty on the claims and a 0.5% to 1% royalty in the surrounding area of interest.</li> <li>Slaughterhouse covers a 12-kilometer hematite-dominated trend, and grab samples have returned up to 12 grams per tonne gold and 7% copper.</li> <li>Mining executives ranked Wyoming fourth in the world for investment attractiveness in the Fraser Institute's 2024 survey, and the state is emerging as a critical minerals hub.</li> <li>Seabridge has not given an exploration budget or schedule, and analysts remain focused on a potential joint venture at its flagship KSM project in British Columbia.</li> </ul> <h2 dir="ltr" style="text-align: center;">A US$300,000 Ticket to an Untested Wyoming Copper-Gold Play</h2> <a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc. (SEA:TSX; SA:NYSE)</a> is heading to southern Wyoming to test a type of deposit that has never been systematically explored there. <a href="https://www.seabridgegold.com/press-release/seabridge-gold-to-explore-wyoming-for-gold-and-critical-minerals" target="_blank" rel="noopener">On October 13, the company announced</a> it had agreed to acquire 100% of the Slaughterhouse iron oxide copper-gold (IOCG) project from Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTCQX). The deal adds 163 U.S. mining claims, plus several years of Orogen's exploration data, to a portfolio anchored by Seabridge's KSM project in British Columbia. Seabridge will pay US$300,000 at closing and up to US$2.55 million more if the project reaches set milestones, according to the release. Orogen will keep a 2.5% net smelter return royalty on the claims. It will also keep a smaller royalty on any project Seabridge generates in a 2,400-square-kilometer area of interest around them, <a href="https://www.finanzwire.com/press-release/orogen-royalties-inc-cve-ogn-orogen-royalties-enters-into-agreement-to-sell-the-slaughterhouse-copper-gold-project-to-seabridge-gold-3LYDngNEqsn" target="_blank" rel="noopener">Orogen said</a>. Closing is subject to customary conditions. <h2 dir="ltr" style="text-align: center;">Why Wyoming? A Mining-Friendly State With Old Districts and New Ideas</h2> Wyoming has become one of the better-regarded places in the world to explore. In the Fraser Institute's <a href="https://www.fraserinstitute.org/sites/default/files/2025-07/annual-survey-of-mining-companies-2024_0.pdf" target="_blank" rel="noopener">2024 Annual Survey of Mining Companies</a>, mining executives ranked Wyoming fourth of 82 jurisdictions for investment attractiveness, up from 26th a year earlier. They ranked it fifth for policy perception, though some raised concerns about its taxes. Wyoming dropped out of the <a href="https://www.fraserinstitute.org/sites/default/files/2026-02/annual-survey-of-mining-companies-2025.pdf" target="_blank" rel="noopener">2025 survey</a> because fewer than five companies responded for the state, the institute said. "If you look at all the states in the United States to try and get something permitted on, Wyoming's not a bad place to be," Seabridge Chairman and CEO Rudi Fronk told Streetwise Reports. Southern Wyoming has drawn prospectors for more than 150 years. Gold was found in the Medicine Bow Mountains in 1868, and copper was found in the Encampment district of the Sierra Madre in 1874, <a href="https://main.wsgs.wyo.gov/mineral-resources/metals/mining-districts/medicine-bow-mountains" target="_blank" rel="noopener">according to the Wyoming State Geological Survey</a>. Encampment's Ferris-Haggarty mine produced an estimated 21 million pounds of copper in the early 1900s. Most of the region's significant historical mines were never mined out, the survey said. Instead, they closed because of falling metal prices, technical limits, and complex ore below the oxidized zone. The state is also emerging as a critical minerals hub. It hosts two closely watched rare earth projects, <a href="https://cowboystatedaily.com/2025/05/27/companies-say-national-push-could-accelerate-need-for-wyomings-rare-earth-minerals" target="_blank" rel="noopener">Cowboy State Daily reported</a>. Seabridge said past work in southern Wyoming never fully explained the area's copper and gold. Regional occurrences have seen historical mining but no systematic modern exploration based on the IOCG model, Orogen said. <h2 style="text-align: center;">Proud Peak: The Anomaly BHP Never Drilled</h2> Slaughterhouse covers a 12-kilometer mineralized trend. It is hematite-dominated, and its geology resembles that of <a href="https://en.wikipedia.org/wiki/Gawler_Craton" target="_blank" rel="noopener">South Australia's Gawler Craton</a>, according to Orogen. The iron-rich alteration behind the mineralization extends across several hundred square kilometers along the Cheyenne belt. Grab samples have returned up to 12 grams per tonne gold and 7% copper, with gold closely tied to copper, and some areas show elevated heavy rare earth elements. Grab samples are selective and may not represent the wider mineralization. The main target, Proud Peak, has a density anomaly more than 2 kilometers long beneath high-level iron-rich alteration. Orogen compared it to the geophysical signature that came before the Prominent Hill discovery in South Australia. Seabridge also cited Prominent Hill and BHP Group Ltd.'s (BHP:NYSE; BHPLF:OTCPK) Olympic Dam as examples of the IOCG deposit type, not as evidence of what lies at Slaughterhouse. Fronk said BHP did early work in the region and identified a target it never drill tested. Bill Threlkeld, Seabridge's senior vice president of exploration, said in the release that IOCG systems can offer higher grades than porphyry deposits and can carry critical minerals. Fronk said in the release that Seabridge plans a novel approach using modern exploration thinking and tools, and that the project is at an early stage. Seabridge did not give an exploration budget or schedule. After the US$300,000 closing payment, Seabridge will owe: <ul dir="ltr"> <li>US$300,000 after 10,000 meters of drilling on Slaughterhouse and/or the surrounding area of interest.</li> <li>US$750,000 on publication of a mineral resource estimate for Slaughterhouse and/or the surrounding area of interest.</li> <li>US$1.5 million when commercial production begins, paid as an advance minimum royalty</li> </ul> Seabridge can buy back 0.5% of Orogen's 2.5% royalty for US$5 million, according to Orogen. Orogen's royalty in the surrounding area of interest ranges from 0.5% to 1%. "Seabridge has one of the most successful exploration track records in our industry," said Orogen CEO Paddy Nicol. Seabridge's principal assets are the KSM project and the Bronson Corridor in British Columbia's Golden Triangle. It also holds the Snowstorm project in Nevada's Getchell Gold Belt and the 3 Aces project in the Yukon. <h2 dir="ltr" style="text-align: center;">Analysts Look Past Wyoming to the KSM Deal</h2> <div> <div role="feed" aria-label="Chat messages" aria-describedby="_r_h5_"> <div> <div tabindex="0" role="article" aria-setsize="38" aria-posinset="38" aria-label="Message 38 of 38"> <div> Writing for <a href="https://thedeepdive.ca/seabridge-gold-picks-up-wyoming-copper-gold-project-from-orogen/" target="_blank" rel="noopener">The Deep Dive</a> on October 13, Jay Lutz noted southern Wyoming's century-long history of copper and gold production. He highlighted Proud Peak, where a dense geophysical body more than 2 kilometers long sits beneath iron-rich alteration. He added that Seabridge has yet to disclose a work program or budget. RBC Capital Markets kept its Outperform rating on Seabridge on September 16 and raised its target to US$72 from US$71, <a href="https://www.benzinga.com/stock/sa/ratings" target="_blank" rel="noopener">according to Benzinga</a>. B. Riley Securities kept its Buy rating on August 3 but cut its target to US$40 from US$65. <blockquote class="callOut left" dir="ltr">RBC Capital Markets kept its Outperform rating on Seabridge on September 16 and raised its target to US$72 from US$71.</blockquote> Stonegate Capital Partners analyst Dave Storms wrote on August 20 that progress on KSM ownership and financing matters more to the stock than resource growth. He called a joint venture the next major catalyst and set a US$72.28 target. Cantor Fitzgerald analyst Mike Kozak called Seabridge's US$100 million financing moderately positive on July 20, keeping his Buy rating and CA$66 target. He expected a joint venture deal in 2026. KSM "is among the world's largest development-stage gold-copper projects," he wrote, "scoped to produce +1.0 MMoz Au [million ounces of gold]/year." </div> <div> <h2 dir="ltr" style="text-align: center;">Gold's Dip Draws Record ETF Buying</h2> Gold has cooled from its January peak, but the long-term buyers haven't left. December gold futures traded at about US$4,201 an ounce on the morning of October 13, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-tuesday-october-13-2026-lower-gold-prices-could-be-the-next-buying-opportunity-105035019.html" target="_blank" rel="noopener">Yahoo!Finance reported</a>, up about 4.4% from a year earlier. The metal finished September at US$4,176, down 8.5% for the month and well below its record of US$5,405 set on January 29, <a href="https://www.gold.org/goldhub/research/gold-market-commentary-september-2026" target="_blank" rel="noopener">according to the World Gold Council</a>. The council said higher Treasury yields, a stronger dollar, and heavy selling of futures contracts drove the drop. Investors in physical gold kept buying anyway. Global gold-backed exchange-traded funds took in US$10 billion in September and a record US$31 billion in the third quarter, pushing holdings to a record 4,256 tonnes, <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/10" target="_blank" rel="noopener">the council said</a>. It called the split between ETF buying and futures selling unusual. Of strong inflows into U.K. funds, it said: "This looks less like the short-lived 2022 surge and more like a sustained shift in demand." It added that some investors may see the rise in yields "as a warning rather than a healthy normalization." Big banks still see room to run. In June, J.P. Morgan forecast gold at US$6,000 an ounce by the end of 2026 and an average of about US$6,263 in 2027, <a href="https://www.jpmorgan.com/insights/global-research/commodities/gold-prices" target="_blank" rel="noopener">according to the bank</a>. It cited steady central bank buying, including purchases that go unreported, as a key support.[OWNERSHIP_CHART-700] Ownership and Share Structure1 </div> </div> </div> <div aria-hidden="true"> Management and insiders own approximately 2.43% of Seabridge, strategic investors own about 9.89%, while institutions hold about 61.79%. Retail investors account for the balance. The company has roughly 107.87 million shares outstanding, a market capitalization of about CA$4.34 billion, and a 52-week trading range of approximately CA$28.29 to CA$50.77. </div> </div> </div> <h2 style="text-align: center;">Common Questions from Investors</h2> What is Seabridge buying? The Slaughterhouse project in southern Wyoming: 163 U.S. mining claims, plus Orogen Royalties' geophysical, geological, and sampling data. Seabridge is targeting an iron oxide copper-gold (IOCG) system, a deposit type that can carry high-grade gold, copper, and critical minerals. What are the deal terms? Seabridge will pay US$300,000 at closing. It will pay another US$300,000 after 10,000 meters of drilling, US$750,000 on a mineral resource estimate, and US$1.5 million when commercial production begins. Orogen keeps a 2.5% net smelter return royalty, of which Seabridge can buy back 0.5% for US$5 million, plus a 0.5% to 1% royalty in a 2,400-square-kilometer area of interest. Why Wyoming? Mining executives ranked Wyoming fourth of 82 jurisdictions for investment attractiveness in the Fraser Institute's 2024 survey. Southern Wyoming has a history of copper and gold mining dating back to the 1860s, but it has never been systematically explored with the IOCG model in mind. "Wyoming's not a bad place to be," CEO Rudi Fronk told Streetwise Reports. What is the main target? Proud Peak, where a density anomaly more than 2 kilometers long sits beneath iron-rich alteration. Orogen compared it to the geophysical signature that came before South Australia's Prominent Hill discovery. What happens next? Seabridge plans to use modern exploration tools and new geological models at Slaughterhouse. It has not announced a work program, budget, or schedule, and the deal is subject to customary closing conditions. What do analysts say about Seabridge? RBC Capital Markets rates it Outperform with a US$72 target, and Cantor Fitzgerald rates it a Buy with a CA$66 target. Stonegate Capital Partners set a US$72.28 target. The analysts see a joint venture at KSM as the next major catalyst. <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. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</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. and Orogen Royalties.</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=32796"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32796" width="0" height="0"> ( Companies Mentioned: SEA:TSX; SA:NYSE, ) SEA:TSX; SA:NYSE Wed, 14 Oct 2026 00:00:00 PST The FDA Clarified Its Rules for Medical AI. This Stock Could Be on the Right Side of Them https://www.streetwisereports.com/article/2026/10/13/the-fda-clarified-its-rules-for-medical-ai-this-stock-could-be-on-the-right-side-of-them.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/the-fda-clarified-its-rules-for-medical-ai-this-stock-could-be-on-the-right-side-of-them.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Rocket Doctor AI Inc. (AIDR:CSE; AIRDF:OTCQB; 939:FSE) continues to evolve its physician-led healthcare platform as revised FDA guidance, new state healthcare AI laws, and rising U.S. patient volumes reshape the regulatory and commercial environment.<h2>Key Investor Takeaways</h2> <ul> <li>AI healthcare regulations are changing: The FDA's January 2026 guidance provides greater flexibility for certain physician-facing clinical decision-support tools, while states are restricting autonomous AI medical and mental health services.</li> <li>Rocket Doctor AI's physician-led model could offer a competitive advantage: Its Global Library of Medicine (GLM) incorporates clinician oversight, more than 25,000 hours of physician input, and over 10,000 expert medical reviews.</li> <li>U.S. patient visits are accelerating: Completed visits increased 196% from Q1 to Q2 2026. July and August visits alone reached 93% of the entire second-quarter total.</li> <li>Established insurance relationships create potential barriers to entry: Rocket Doctor AI reports access to approximately 24 million potentially covered lives across California, New York, and Maryland, supported by more than 3.5 years of payer and physician infrastructure development.</li> <li>The regulatory advantage remains a developing investment thesis: The company's physician-centered approach aligns with emerging healthcare AI requirements such as California’s AB 1979 (Bonta), ensuring that a licensed provider exercises independent professional judgment whenever AI output informs patient care. Long-term success depends on regulatory compliance, reimbursement growth, and sustainable revenue.</li> </ul> <h2>As AI Healthcare Laws Tighten, Physician-Led Technology Could Gain an Edge</h2> <a href="https://www.streetwisereports.com/pub/co/10594?utm_medium=feed" target="_blank" rel="noopener">Rocket Doctor AI Inc. (AIDR:CSE; AIRDF:OTCQB; 939:FSE)</a> continues to evolve its physician-led healthcare platform as new FDA guidance and state legislation reshape the regulatory landscape for artificial intelligence in medicine. Artificial intelligence is entering American healthcare at a time when regulators are increasingly distinguishing between technology that assists physicians and systems that attempt to replace their clinical judgment. That distinction could become important for Rocket Doctor AI Inc., a healthcare technology company whose platform combines artificial intelligence with licensed physicians, virtual medical practices, and established insurance relationships. <a href="https://www.aha.org/news/headline/2026-01-06-fda-issues-guidance-wellness-products-clinical-decision-support-software" target="_blank" rel="noopener">On January 6, 2026, the U.S. Food and Drug Administration revised its clinical decision-support guidance</a>, providing additional regulatory flexibility for certain software that offers recommendations to healthcare professionals. Meanwhile, state lawmakers have introduced restrictions on autonomous AI therapy, insurance decisions, and the use of artificial intelligence in patient care. According to a <a href="https://www.transparencycoalition.ai/news/state-lawmakers-have-passed-15-new-laws-regulating-the-use-of-ai-in-health-care">July 27 report from the Transparency Coalition</a>, 14 new healthcare AI laws had been adopted across 11 states during the first part of 2026, including five states that prohibited AI chatbot-based therapy services. For Rocket Doctor AI, whose Global Library of Medicine (GLM) is designed to support rather than replace physicians, the changing environment raises a significant question: Could keeping doctors involved in medical decisions become a competitive advantage as AI healthcare regulations expand? <h2>FDA Revises Clinical Decision-Support Rules</h2> The FDA's January 6 revised Clinical Decision Support Software Guidance clarified how certain software functions that provide recommendations to healthcare professionals may qualify for exclusion from medical device regulation or benefit from enforcement discretion. Under the framework, qualifying clinical decision-support software must satisfy requirements that include allowing healthcare professionals to independently review the basis for recommendations rather than relying primarily on the software when making diagnostic or treatment decisions. According to <a href="https://www.cov.com/news-and-insights/insights/2026/01/5-key-takeaways-from-fdas-revised-clinical-decision-support-cds-software-guidance" target="_blank" rel="noopener">a January 8 analysis by Covington & Burling LLP</a>, one important change involved software that produces a single clinical recommendation rather than multiple alternatives. Previously, the FDA's interpretation generally favored software presenting several options for clinicians to evaluate. Under the revised guidance, the agency indicated that it would exercise enforcement discretion for certain tools providing a single recommendation when only one option is clinically appropriate, provided other applicable criteria are satisfied. The FDA also clarified its approach to some clinical documentation tools and emphasized that recommendations should be supported by accepted medical information presented in a format healthcare professionals can meaningfully evaluate. However, the guidance did not establish a broad exemption for AI healthcare products. Covington noted that the agency retained much of its previous regulatory framework and did not directly resolve questions surrounding newer generative AI applications or consumer-facing medical chatbots. The distinction between clinician-facing decision support and autonomous medical decision-making nevertheless provides an important backdrop for Rocket Doctor AI's technology. According to <a href="https://www.rocketdoctor.ai/wp-content/uploads/2026/10/RD-AI-Investor-Deck-October-2026.pdf" target="_blank" rel="noopener">the company's October 2026 investor presentation</a>, the GLM has been developed since 2016 with more than 25,000 hours of input from hundreds of clinicians worldwide and more than 10,000 expert medical reviews. The company describes the technology as capable of supporting diagnostic assessments involving more than 1,000 diseases and 17,000 symptoms, while suggesting laboratory tests, imaging, treatment options, and billing codes. Rocket Doctor AI also identifies physician oversight of AI recommendations, clinician-vetted content, and clinical safeguards as components of its technology. These features are consistent with the broader emphasis on clinician involvement, although the company's physician-led approach does not automatically establish that every GLM function qualifies for exclusion from FDA device regulation. <h2>States Move to Restrict Autonomous Medical AI</h2> While the FDA has clarified its approach to certain decision-support technologies, state governments have been developing additional rules governing how artificial intelligence can be used in healthcare. The <a href="https://www.transparencycoalition.ai/news/state-lawmakers-have-passed-15-new-laws-regulating-the-use-of-ai-in-health-care" target="_blank" rel="noopener">Transparency Coalition's review of 2026 legislation</a> identified Colorado, Maine, Rhode Island, Tennessee, and Vermont as five states that enacted restrictions on AI chatbot-based therapy. The measures differ in scope, but generally address the provision of mental health services by automated systems without appropriate licensed professional involvement. Other states have focused on insurance decisions. Washington, for example, enacted legislation preventing artificial intelligence from serving as the sole basis for denying, delaying, or modifying healthcare services. Utah established requirements involving AI disclosures and independent medical judgment in insurance authorization decisions. In a <a href="https://www.hklaw.com/en/insights/publications/2026/05/states-continue-efforts-to-regulate-ai-in-healthcare" target="_blank" rel="noopener">May 26 analysis of state healthcare AI legislation</a>, law firm Holland & Knight described a growing emphasis on human oversight, patient disclosure, and restrictions on autonomous clinical decisions. <blockquote class="callOut left">Technical analyst Stewart Thomson assigned the stock a Strong Speculative Buy rating, with short-, medium-, and long-term price targets of CA$0.80, CA$1.00, and CA$1.60, respectively.1</blockquote> Earlier legislation also contributed to this regulatory environment. California's <a href="https://calmatters.digitaldemocracy.org/bills/ca_202520260ab1979" target="_blank" rel="noopener">AB1979</a> addresses misleading representations that an artificial intelligence system holds a healthcare professional license, while <a href="https://capitol.texas.gov/tlodocs/89R/billtext/html/SB01188F.htm" target="_blank" rel="noopener">Texas's SB 1188</a> established requirements governing the use of AI by healthcare practitioners, including review of AI-generated records in accordance with Texas Medical Board standards and disclosing the use of AI to patients. Although those measures originated in the 2025 legislative session, they form part of the expanding state regulatory framework confronting healthcare technology developers in 2026. The result is an increasingly complex environment in which companies must account for differences between federal medical device regulation, state professional licensing requirements, patient disclosures, and restrictions on specific AI applications. For businesses that already incorporate licensed physicians into their clinical workflows, those requirements may align more closely with their existing operating models. However, clinician involvement alone does not guarantee compliance. Individual products must still satisfy the requirements applicable to their functions and the jurisdictions where they operate. <h2>Rocket Doctor's Global Library of Medicine Keeps Physicians Involved</h2> Rocket Doctor AI's business combines its GLM decision-support technology with a digital healthcare platform that allows physicians to independently establish and manage virtual or hybrid medical practices. Rather than replacing physicians, the company's technology is intended to help them manage clinical workflows, evaluate medical information, reduce administrative tasks, and provide care to patients who may otherwise face barriers to accessing healthcare. The company's <a href="https://www.rocketdoctor.ai/rocket-doctor-ai-to-present-at-the-2026-cantech-letter-conference-in-toronto/" target="_blank" rel="noopener">October 1 announcement concerning the CANTech Letter Conference</a> described its physician-built approach and plans to highlight platform innovations, recent milestones, and growth strategy. Rocket Doctor Inc. founder and CEO Dr. William Cherniak said, "I am excited to share how Rocket Doctor AI is deploying clinician-led, pragmatic AI platforms to streamline workflows, reduce administrative friction, and ultimately improve patient access and outcomes." The October investor presentation outlined a connected technology platform that includes the GLM, AI-assisted clinical documentation, electronic medical records, patient triage, virtual appointments, and billing services. Before appointments, the platform can assist with symptom intake, patient assessments, physician matching, and scheduling. During visits, its tools support diagnostic evaluation, documentation, and referrals. After appointments, the system can assist with follow-up care and chronic condition management. The presentation also identified clinician review before technology releases, physician oversight of AI recommendations, and curated clinical content as safeguards intended to reduce the risks associated with AI-generated medical information. The company reported that more than 350 physicians had signed onto its digital health platform and that its technology had supported more than 800,000 completed patient visits. Those figures provide evidence of the platform's operating history, although its future growth will depend on physician adoption, patient demand, reimbursement arrangements, and the performance of its technology. <h2>Alea Health Acquisition Expands Mental Healthcare Strategy</h2> Rocket Doctor AI's <a href="https://www.globenewswire.com/news-release/2026/01/08/3215296/0/en/rocket-doctor-ai-completes-acquisition-of-alea-health-to-expand-access-to-therapist-led-mental-health-care.html" target="_blank" rel="noopener">January 2026 acquisition of Alea Health added a mental healthcare component to its broader technology strategy</a>. Alea operates a conversational-AI mental health platform built around therapist-led care, combining digital technology with professional mental health services rather than offering autonomous AI therapy as a substitute for licensed providers. That distinction has become increasingly relevant as states adopt restrictions on AI chatbots offering therapeutic services. Colorado, Maine, Rhode Island, Tennessee, and Vermont enacted laws restricting AI-based therapy services or the use of AI in mental healthcare. The scope varies by state, with provisions addressing autonomous therapy, representations surrounding professional qualifications, and the role of licensed providers in clinical decisions. Alea's hybrid, therapist-led structure distinguishes it from standalone AI chatbot therapy platforms. The acquisition does not, however, establish that every feature of the platform automatically satisfies each state's requirements. For Rocket Doctor AI, the acquisition creates an opportunity to broaden its exposure to mental healthcare while extending its existing strategy of using technology alongside healthcare professionals. It also demonstrates why the distinction between AI-assisted treatment and independently delivered AI therapy may become increasingly important as additional states consider legislation. <h2>NIH Funding Supports AI Medical History Development</h2> Rocket Doctor AI has also received outside research support for the continued development of its clinical technology. On June 16, the company <a href="https://www.globenewswire.com/news-release/2026/06/16/3312512/0/en/rocket-doctor-ai-subsidiary-treatment-com-secures-year-2-nih-funding-to-advance-ai-powered-family-health-history-tool.html" target="_blank" rel="noopener">announced that its U.S. subsidiary, Treatment.com Inc., had secured second-year funding</a> through a National Institutes of Health-supported Small Business Innovation Research program. The project, developed in collaboration with Rush River Research, focuses on an AI-powered family medical history tool intended to improve preventive care and identify health risks through more comprehensive patient information. The two-year project carries a total award value of approximately US$2 million. The second-year extension provides Treatment.com with more than US$250,000 in additional funding, bringing its total program support to more than US$500,000. The agreement extends through May 31, 2027. The technology uses conversational AI and storytelling to collect family medical histories, incorporating genetic, social, cultural, and environmental factors that can influence health outcomes. The research initially prioritizes African American communities and aims to improve the identification of chronic disease risks through culturally responsive medical information gathering. Treatment.com founder and Chief Medical Officer Dr. Kevin Peterson said, "By combining our strengths, we are not just advancing technology, we are creating more equitable, human-centered AI systems that better understand how health is shaped by the relationships, families, and communities where people live." The project also involves further development of the GLM to support analysis of family health risk factors and personalized clinical decision support. Although NIH funding does not constitute regulatory approval or validation of every GLM application, the award and the competitive renewal provides external confirmation of the perceived value along with continued external research support for a specific clinical AI development program. Analysts have also pointed to Rocket Doctor AI's expansion and growth potential. 1In a <a href="https://www.streetwisereports.com/article/2026/03/17/an-ai-powered-doctor-patient-platform-why-this-north-american-provider-is-gaining-market-momentum.html?utm_medium=feed" target="_blank" rel="noopener">March 17 analysis, technical analyst Stewart Thomson</a> highlighted the platform's role in expanding healthcare access and assigned the stock a Strong Speculative Buy rating, with short-, medium-, and long-term price targets of CA$0.80, CA$1.00, and CA$1.60, respectively. On June 11, Fundamental Research Corp. analyst Sid Rajeev reiterated a Buy rating and CA$1.55 price target, identifying U.S. expansion and increasing patient volumes as potential drivers of future growth. <h2>US Patient Visits Nearly Triple as Revenue Grows</h2> Rocket Doctor AI's regulatory positioning comes as the company reports expanding patient activity and revenue. According to its <a href="https://www.rocketdoctor.ai/rocket-doctor-ai-reports-strong-operational-momentum-in-q2-2026-driven-by-u-s-expansion-and-growing-patient-reach/">September 1 second-quarter financial results</a>, revenue reached CA$734,028 during the three months ended June 30, 2026, an increase of 43% compared with the corresponding period in 2025. U.S. completed patient visits rose from 1,319 in the first quarter to 3,911 in the second quarter, representing an increase of approximately 196%. Momentum continued into the following quarter. In a <a href="https://www.rocketdoctor.ai/rocket-doctor-ai-provides-operational-update-for-u-s-operations-for-first-two-months-of-q3-2026-ahead-of-global-company-town-hall/">September 14 operational update</a>, Rocket Doctor AI reported 3,625 completed U.S. patient visits during July and August, equivalent to 93% of the total recorded throughout the entire second quarter. Clinical hours reached 1,555 during those two months, compared with 1,987.5 hours during the preceding three-month period. The company's October presentation estimated approximately 5,438 U.S. visits for the full third quarter based on prevailing monthly averages. That figure was identified as an estimate rather than a confirmed quarterly result. Rocket Doctor AI cautioned that increasing patient visits does not necessarily translate immediately into recognized revenue. The company recognizes certain U.S. revenues when payment is received, creating a timing difference between completed appointments and reimbursement. Its operating model also permits out-of-network patients to access the platform during the early stages of U.S. expansion. Although reimbursement for these visits is generally not expected, the company may submit claims when possible. Management has indicated that expanding payer relationships and converting more physicians and patients to in-network status could improve reimbursement rates and revenue visibility. <h2>Insurance Infrastructure and AI Investment Could Strengthen Competitive Position</h2> Rocket Doctor AI's October investor presentation identified approximately 24 million potentially accessible in-network covered lives across California, New York, and Maryland, with another 17.8 million targeted through expansion into Florida and Texas. These figures represent potential patient access rather than guaranteed revenue. The company has spent more than 3.5 years developing payer relationships, physician credentialing systems, and revenue operations, which it considers barriers to entry for competitors. The company also highlighted its first value-based primary care agreement with a California independent physician association, covering an initial panel of approximately 30,000 members. The arrangement provides recurring per-member payments alongside compensation for individual visits and offers indirect access to a broader network of more than 5 million potential patients. Meanwhile, investment in digital healthcare has strengthened. According to a <a href="https://www.fiercehealthcare.com/digital-health/digital-health-brought-74b-vc-funding-ai-powered-rebound-fuels-market" target="_blank" rel="noopener">July 13 report from Fierce Healthcare</a>, citing Rock Health research, U.S. digital health companies raised US$7.4 billion during the first half of 2026, up from US$6.4 billion a year earlier. The report emphasized that domain expertise, integrated workflows, and established partnerships are becoming increasingly important competitive advantages as AI technology becomes more accessible. For Rocket Doctor AI, the combination of physician-led technology, insurance infrastructure, and clinical oversight could become increasingly valuable as healthcare regulations evolve. The FDA's revised guidance provides flexibility for certain clinical decision-support tools, while state legislation places greater emphasis on licensed professional involvement and accountability. However, the company's model does not automatically qualify its products for regulatory exemptions, and compliance requirements remain dependent on individual applications and jurisdictions. [OWNERSHIP_CHART-10594] Financial performance also remains a consideration. Despite a 43% year-over-year revenue increase, Rocket Doctor AI reported a CA$6.67 million net loss in Q2 2026, compared with CA$2.69 million a year earlier. Its ability to translate growing patient volumes into sustainable revenue will depend on reimbursement collection, payer expansion, and physician adoption. Whether its established infrastructure and physician-centered approach ultimately create a durable competitive advantage will become clearer as new regulations take effect and U.S. operations mature. <h2>Ownership & Share Information2</h2> Rocket Doctor AI Inc. has a market cap of approximately CA$56.87, with 101.55 million shares outstanding. The company's 52-week range is CA$0.52-CA$0.98. Management & Insiders own 4.24% of shares. <h2>Frequently Asked Questions About Rocket Doctor AI Stock and Healthcare AI Regulations</h2> What is Rocket Doctor AI, and why could new FDA regulations benefit the company? Rocket Doctor AI Inc. develops physician-led artificial intelligence technology designed to improve healthcare access and clinical decision-making. The FDA's January 2026 clinical decision-support guidance provides greater regulatory flexibility for certain AI tools that assist licensed healthcare professionals rather than independently making medical decisions. Rocket Doctor AI's physician-centered approach could position it favorably as healthcare AI regulations evolve, although compliance and regulatory exemptions must be evaluated for individual products. What is the Rocket Doctor AI stock price target? On June 11, 2026, Fundamental Research Corp. analyst Sid Rajeev reiterated a Buy rating and CA$1.55 price target for Rocket Doctor AI. 1Technical analyst Stewart Thomson assigned the stock a Strong Speculative Buy rating on March 17, with price targets of CA$0.80 in the short term, CA$1.00 in the medium term, and CA$1.60 in the long term. These are historical analyst opinions, not guarantees of future share performance. How does Rocket Doctor AI's Global Library of Medicine (GLM) work? The Global Library of Medicine is an AI-powered clinical decision-support system developed with more than 25,000 hours of input from hundreds of clinicians and over 10,000 expert medical reviews. The technology supports assessments involving more than 1,000 diseases and 17,000 symptoms, while providing suggestions for diagnostic testing, imaging, and treatment. Licensed physicians retain oversight of AI-generated recommendations, distinguishing the company's approach from fully autonomous medical AI systems. How do new state AI healthcare laws affect Rocket Doctor AI and Alea Health? New healthcare AI laws in states including California, Texas, Colorado, and Maine emphasize professional licensing, physician oversight, patient safety, and restrictions on autonomous AI therapy. Rocket Doctor AI's physician-led platform and its Alea Health mental healthcare business incorporate licensed healthcare professionals into their service models. Alea's therapist-led approach differs from standalone AI therapy chatbots targeted by several state restrictions, although compliance depends on the specific laws and platform functions. How many patients and doctors use Rocket Doctor AI? According to its October 2026 investor presentation, Rocket Doctor AI's platform has supported more than 800,000 completed patient visits and has signed more than 350 physicians. The company also reports approximately 24 million potentially accessible in-network covered lives across California, New York, and Maryland. These covered lives represent potential insurance-network access rather than existing patients or guaranteed appointments. How fast is Rocket Doctor AI growing in the United States? Rocket Doctor AI reported 3,911 completed U.S. patient visits in Q2 2026, compared with 1,319 in Q1, an increase of approximately 196%. During July and August, the company completed another 3,625 visits, reaching 93% of the preceding quarter's total in just two months. Management has cautioned that revenue recognition can lag patient activity because of insurance reimbursement and collection timing. Did Rocket Doctor AI receive a US$2 million NIH grant? Rocket Doctor AI's subsidiary Treatment.com Inc. is a key participant in a National Institutes of Health-supported Small Business Innovation Research project with a total award value of approximately US$2 million. The project focuses on AI-powered family medical history collection and preventive healthcare. Treatment.com's direct program support exceeds US$500,000, with second-year funding extending through May 2027. Treatment will obtain rights to the software developed during the study. The grant supports research and development, but does not constitute FDA approval of the company's AI products. What could give Rocket Doctor AI a competitive advantage over other healthcare AI companies? Rocket Doctor AI combines proprietary clinical decision-support technology with licensed physicians, insurance relationships, and established reimbursement infrastructure. The company reports spending more than 3.5 years developing its U.S. payer and credentialing operations, which could be difficult for newer competitors to replicate. As regulators increasingly emphasize clinical accountability and human oversight, these existing capabilities may become more valuable, although a lasting competitive advantage has not been established. What are the biggest risks facing Rocket Doctor AI stock? Key risks include continued operating losses, delays in insurance reimbursement, physician credentialing requirements, regulatory uncertainty, and competition in the healthcare AI market. Rocket Doctor AI must demonstrate that growing patient visits can generate sustainable revenue while maintaining compliance with federal and state healthcare regulations. Its ability to expand insurance coverage, commercialize GLM technology, and manage operating costs will be important measures of future performance. <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>Rocket Doctor AI Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</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 Rocket Doctor AI 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> <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" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on March 17, 2026 1. For the quoted article (published on March 17, 2026), Rocket Doctor AI Inc. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500. 2. 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. 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=32794"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32794" width="0" height="0"> ( Companies Mentioned: AIDR:CSE; AIRDF:OTCQB; 939:FSE, ) AIDR:CSE; AIRDF:OTCQB; 939:FSE Wed, 14 Oct 2026 00:00:00 PST Nvidia Commits US$1B to American Science Push in Tech, Energy, and Healthcare https://www.streetwisereports.com/article/2026/10/13/nvidia-commits-us-1b-to-american-science-push-in-tech-energy-and-healthcare.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/nvidia-commits-us-1b-to-american-science-push-in-tech-energy-and-healthcare.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Nvidia Corporation (NVDA:NASDAQ) announced commitments valued at US$1 billion over five years to advance U.S. scientific research and development, including quantum computing, healthcare and energy security, building on its partnerships with national laboratories and the Department of Energy.Nvidia Corp. (NVDA:NASDAQ) <a href="https://nvidianews.nvidia.com/news/nvidia-commits-1-billion-to-advance-us-science-over-the-next-five-years" target="_blank" rel="noopener">announced on October 8, 2026</a>, commitments valued at US$1 billion to advance U.S. science over the next five years, focusing on superintelligence research and development in quantum computing, healthcare, and energy security. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Nvidia's October 8 announcement commits US$1 billion over five years to U.S. super intelligence R&D in quantum computing, healthcare, and energy security, extending long-standing DOE collaborations.</li> <li>The pledge supports the Genesis Mission and invites the science community to collaborate on computer infrastructure to accelerate discovery and U.S. innovation leadership.</li> <li>At the October 12 OCP Global Summit, Nvidia opened Vera Rubin architecture designs to the open-source community, with Meta Platforms Inc. (META:NASDAQ) adopting Spectrum-6 Ethernet switches and Cisco Systems Inc. (CSCO:NASDAQ) partnering on new pluggable optics for AI factory scaling.</li> <li>Nvidia's commitment builds on its long-standing collaborations with U.S. national laboratories and the Department of Energy, while its separate Open Compute Project contributions support the development of next-generation AI infrastructure.</li> <li>Forward-looking catalysts include ongoing Genesis Mission phase 2 awards and expanded AI infrastructure deployments across U.S. government missions.</li> </ul> <h2 style="text-align: center;">US$1 Billion Commitment to US Scientific Leadership</h2> <a href="https://nvidianews.nvidia.com/news/nvidia-commits-1-billion-to-advance-us-science-over-the-next-five-years" target="_blank" rel="noopener">The announcement</a> came during the "Science: A New Golden Age" event in Washington, D.C., where Nvidia highlighted its role as a leading industry partner in the Genesis Mission. At the event, Nvidia founder and CEO Jensen Huang, said, "President Trump's Genesis Mission is launching a new golden age of American discovery. With a US$1 billion investment, Nvidia is putting advanced Super Intelligence in the hands of America's scientists to accelerate breakthroughs in medicine, energy, and materials. This is how America turns scientific leadership into industrial leadership, and innovation into jobs and opportunity for generations." This move builds on more than two decades of collaboration with U.S. national labs and recent partnerships with the U.S. Department of Energy, including work on the department's largest supercomputer for scientific research at Argonne National Laboratory and support for seven new systems across Argonne and Los Alamos National Laboratories. Just days later, on October 12, 2026, <a href="https://blogs.nvidia.com/?p=98706" target="_blank" rel="noopener">Nvidia contributed key Vera Rubin rack and compute tray designs</a> to the Open Compute Project through its MGX architecture, enabling system builders to develop next-generation AI factory infrastructure with open standards for power, cooling, and networking. Partners, including Meta, Alphabet Inc. Class A (GOOGL:NASDAQ), and Cisco, are aiding in advancing related networking and design initiatives for AI factories. Nvidia's US$1 billion commitment over five years will support higher-education research institutions, efforts to accelerate American quantum leadership, and cloud service providers serving U.S. government needs. The company said the commitment is intended to advance scientific research and U.S. leadership in fields including quantum computing, healthcare, and energy security. Peers such as Meta and Google are focusing resources on scaling AI factories through open networking standards and rack designs at the same OCP event. Nvidia also participates in Phase 2 Genesis Mission projects covering quantum computing, fusion, accelerator design and microelectronics. Public metrics show continued hyperscaler demand supporting Nvidia's position, with recent reports noting robust data-center capital expenditure projections. <h2 style="text-align: center;">The AI Sector's Rapid Growth</h2> Investment in AI infrastructure continues to grow as tech companies and government agencies seek greater computing capacity for scientific research, data processing, and further AI development. The U.S. Department of Energy's <a href="https://www.energy.gov/undersecretaryforscience/genesis-mission/genesis-mission" target="_blank" rel="noopener">Genesis Mission</a> is one example of efforts to apply AI and high-performance computing to scientific challenges, including healthcare, energy, materials science, and quantum computing. The initiative brings together public and private sector participants to support research and accelerate scientific discovery. Infrastructure development is another priority for technology companies as they attempt to accommodate increasingly demanding AI workloads. On October 12, 2026, Meta outlined new open infrastructure initiatives at the <a href="https://engineering.fb.com/2026/10/12/open-source/ocp-summit-2026-powering-ai-with-open-innovations-in-scale-up-scale-out-and-scale-across-networks/" target="_blank" rel="noopener">Open Compute Project Global Summit</a>, including networking technologies designed to support larger AI deployments. <blockquote class="callOut left">Timothy Arcuri of UBS reiterated a "Buy" rating and price target of US$300.</blockquote> Open standards for computing racks, power delivery, cooling, and networking can help system builders develop and integrate infrastructure across different hardware platforms. These efforts coincide with rising demand for data center capacity and continued investment in computing infrastructure. <a href="https://www.pwc.com/gx/en/news-room/press-releases/2026/global-investment-in-ai-infrastructure.html" target="_blank" rel="noopener">PwC's Global Data Centre Outlook</a> examines the long-term investment required to expand data center capacity amid growing AI adoption. The sector's development requires both commercial infrastructure expansion and the application of advanced computing to scientific research, with electricity availability, hardware requirements, and the ability to scale computing systems remaining important considerations. <h2 style="text-align: center;">Recent Analyst Coverage is a 'Buy'</h2> According to <a href="https://www.marketbeat.com/stocks/NASDAQ/NVDA/forecast/" target="_blank" rel="noopener">Marketbeat</a>, October analyst coverage for Nvidia includes: <ul> <li>On October 2, 2026, Aaron Rakers of Wells Fargo & Co. set a price target of US$210.</li> <li>On October 2, 2026, Joseph Moore of Morgan Stanley set a price target of US$230.</li> <li>On October 1, 2026, C.J. Muse of Cantor Fitzgerald reiterated an "Overweight" rating, with a price target of US$350.</li> </ul> Further analyst coverage, reported by Tipranks, includes: <ul> <li>On October 9, 2026, Timothy Arcuri of UBS reiterated a "Buy" rating and price target of US$300.</li> <li>On October 6, 2026, Atif Malik of Citi reiterated a "Buy" rating and price target of US$315.</li> <li>On October 6, 2026, Daniel Ives of Yorkville Ives & Co. initiated a "Buy" rating and price target of US$300.</li> <li>On October 5, 2026, Karl Ackerman of Exane BNP Paribas reiterated a "Buy" rating and raised the price target from US$285 to US$345.</li> <li>On October 1, 2026, Thomas O'Malley of Barclays reiterated a "Buy" rating and price target of US$275. </li> </ul> <h2 style="text-align: center;">Catalysts for the Tech Giant</h2> According to Nvidia's <a href="https://s201.q4cdn.com/141608511/files/content_files/Fall-2026-NDR_Final.pdf" target="_blank" rel="noopener">September 2026 presentation</a>, upcoming catalysts for the company include the continued rollout of its Vera Rubin AI computing platform. Nvidia has described Vera Rubin NVL72 as delivering up to 30 times better AI factory token throughput and 45 times lower cost per million tokens than its GB300 NVL72 system. Nvidia reported that its Vera CPU is in full production, with shipments underway to partners. The company also said its Groq 3 LPX system is in full production. The company expects CPU revenue to more than double in fiscal 2028, making product deployment and adoption important milestones to monitor. Nvidia also highlighted NVLink Fusion adoption and its proposed acquisition of Hugging Face for approximately US$12.93 billion (proposed to close in the first half of 2027) as potential growth drivers. The company estimated that NVLink Fusion's potential revenue could approach US$250 billion by the end of the decade, while its planned Hugging Face acquisition is intended to expand access to AI infrastructure and tools. [OWNERSHIP_CHART-10904] <h2 style="text-align: center;">Ownership & Share Information1</h2> Nvidia Corp. has a market cap of US$5.47 trillion, with 24.10 billion shares outstanding. The company's 52-week range is US$164.27-US$243.37. Institutions own 71.34% of shares, while Strategic Investors own 0.04%. Management & Insiders own 3.97%, and the remaining 24.65% of shares are held by Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What does Nvidia's US$1 billion commitment specifically fund? A: It funds support for higher-education research institutions, investments in American quantum leadership and cloud providers bolstering U.S. government needs over five years, plus collaboration on Genesis Mission projects in quantum computing, fusion, and microelectronics. Q: How does this fit with recent AI factory announcements? A: The science commitment complements the October 12 OCP news on open Vera Rubin designs and partnerships with Meta, Google, and Cisco to scale AI infrastructure efficiently. Q: Are there direct comparisons to other AI companies? A: Peers such as Meta and Google are advancing open networking and rack standards at the same summit, while Nvidia additionally directs resources to national labs and academic R&D under the Genesis Mission. Q: What is the next expected update? A: Further details on phase 2 Genesis Mission awards and production deployments of Vera Rubin systems with partners. Q: What is artificial intelligence (AI)? A: Artificial intelligence is technology that enables computer systems to perform tasks commonly associated with human intelligence, including learning, problem-solving, language processing, and pattern recognition. Q: What is a data center, and why is it important for AI? A: A data center is a facility that houses computing equipment, storage systems, and networking infrastructure. Data centers provide the processing capacity needed to train AI models, run AI applications, and manage large volumes of data. Q: What is high-performance computing (HPC)? A: High-performance computing uses powerful computers and interconnected processing systems to perform complex calculations at high speeds. It supports applications such as scientific modeling, climate research, drug discovery, and advanced engineering. Q: What is quantum computing? A: Quantum computing is a computing approach that uses quantum-mechanical principles to process information. It may help researchers address certain complex problems that are difficult for conventional computers, although practical applications remain under development. Q: What is an AI accelerator? A: An AI accelerator is a specialized processor or computing component designed to speed up artificial intelligence workloads, such as training and running machine-learning models. These processors can improve computational efficiency and help data centers handle increasingly demanding AI applications. <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 Alphabet Inc. Class A and Nvidia.</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=32786"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32786" width="0" height="0"> ( Companies Mentioned: NVDA:NASDAQ, ) Wed, 14 Oct 2026 00:00:00 PST Streamex Brings Yield-Bearing Gold to Advisors Through CNB Custody https://www.streetwisereports.com/article/2026/10/14/streamex-brings-yield-bearing-gold-to-advisors-through-cnb-custody.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/streamex-brings-yield-bearing-gold-to-advisors-through-cnb-custody.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> Streamex Corp. (NASDAQ: STEX) has expanded access to its gold-backed, yield-bearing GLDY product, with its non-tokenized shares now available through CNB Custody, a division of Community National Bank. Find out why technical analyst John Newell believes the product could change gold's role in institutional portfolios.<h2>Key Investor Takeaways</h2> <ul> <li>Advisors and their clients with assets at CNB Custody, a division of Community National Bank with more than US$5 billion in assets under custody, can now hold GLDY shares, the non-tokenized version of Streamex's gold-backed, yield-bearing product.</li> <li>CNB Custody follows Inspira Financial, which made GLDY available in July and reports more than US$63 billion in assets across more than 8 million accounts.</li> <li>GLDY held just over 3,100 ounces of gold as of September 29, and the CEO said he expects some institutional allocations to convert over the next 90 days.</li> <li>GLDC, a permissionless version of the gold token, is expected before year-end, with silver, oil, and gas, and copper to follow in the new year.</li> <li>Needham & Co. kept a Buy rating in August, MarketBeat reported.</li> <li>Gold ETFs drew a record US$31 billion in the third quarter, even as gold pulled back from its January record.</li> </ul> <h2>Gold That Pays a Yield Reaches Another Retirement-Account Custodian</h2> <a href="https://www.streetwisereports.com/pub/co/7701?utm_medium=feed" target="_blank" rel="noopener">Streamex Corp. (STEX:NASDAQ)</a> said advisors and their clients with assets at CNB Custody, a division of Community National Bank, can now hold GLDY shares, the non-tokenized version of its gold-backed, yield-bearing product, according to an <a href="https://ir.streamex.com/news-releases/news-release-details/streamex-corp-announces-gldy-now-available-custody-cnb-custody" target="_blank" rel="noopener">October 12 release</a>. CNB Custody joins Inspira Financial Inc. (LND:TSX.V), Siebert Financial Corp. (SIEB:NASDAQ), tZero, Anchorage, Coinbase Global Inc. (COIN:NASDAQ) (Coinbase Prime), and Orca in the company's GLDY Access Network. "Growing our network of trusted distribution partners is a strategic priority," Co-Founder and Chief Executive Officer Henry McPhie said. "We believe this expanded reach will help us scale GLDY's assets under management." <h2 dir="ltr">No Token Required: GLDY Fits Into Accounts Advisors Already Use</h2> CNB Custody handles custody, recordkeeping, and tax reporting for precious metals and other investments, mainly in self-directed IRAs and non-qualified accounts. It reports more than 40,000 customers and more than US$5 billion in assets under custody. Community National Bank, based in Seneca, Kansas, is a nationally chartered bank founded in 1984. GLDY shares let advisors and their clients buy the product through custodians they already use. The shares are backed by gold, pay a yield, and can be converted into GLDY tokens at any time, the company said. McPhie said the yield sets GLDY apart from "most other gold investments, which do not offer yield." "When friction is eliminated for investors, it is an easy decision for them to choose GLDY," he said. The yield may vary, is not guaranteed, and may be reduced or discontinued, the company said. CNB Custody is not affiliated with Streamex and does not endorse its products. <h2>From 8 Million Accounts to 3,100 Ounces: The Path to Scale</h2> Streamex <a href="https://www.stocktitan.net/news/STEX/streamex-corp-announces-gldy-now-available-for-custody-by-inspira-3b768ljiyhk7.html" target="_blank" rel="noopener">announced</a> on July 21 that GLDY was available for custody at Inspira Financial, which reported more than US$63 billion in assets across more than 8 million accounts. "Our goal is simple: give as many investors as possible a way to participate in GLDY and grow the asset's AUM," McPhie said then. The company has not said how much GLDY is held through either custodian. GLDY held just over 3,100 ounces of gold as of September 29, McPhie said at the <a href="https://www.investing.com/news/transcripts/streamex-at-lytham-partners-fall-2026-investor-conference-tokenized-gold-push-93CH-4923499" target="_blank" rel="noopener">Lytham Partners Fall 2026 Investor Conference</a>. He said he expects some institutional allocations to convert over the next 90 days. On September 24, Streamex <a href="https://www.stocktitan.net/news/STEX/streamex-corp-announces-institutional-investment-into-strategy-built-hu1zic6ygkaz.html" target="_blank" rel="noopener">announced</a> an initial US$1 million allocation from an unnamed institutional investor, conditional on final documentation and funding. <h2 dir="ltr">Next Up: An Open Gold Token, Then Silver, Oil, and Copper</h2> Streamex, based in Winter Park, Florida, tokenizes commodities. GLDY, its first product, earns its yield by leasing the gold that backs it. Streetwise Reports <a href="https://www.streetwisereports.com/article/2026/02/23/tokenization-company-launches-breakthrough-gold-backed-security.html?utm_medium=feed" target="_blank" rel="noopener">covered the launch in February</a>. The company <a href="https://www.quiverquant.com/news/Streamex+Corp.+Reports+Second+Quarter+2026+Financial+Results,+First+Revenue+From+Tokenized+Gold+Platform+and+Announces+August+17+Business+Update+Call" target="_blank" rel="noopener">reported its first revenue</a> in the second quarter, US$0.1 million of gold lease income, and ended June with US$41.8 million in liquidity and no debt. McPhie said on September 29 that GLDC, a permissionless version of the gold token, should "come out before the end of the year," with silver, oil, and gas, and copper to follow "into the new year." In other news, Chief Financial Officer Christine Plummer is scheduled to present at the <a href="https://www.globenewswire.com/news-release/2026/10/06/3376040/22558/en/streamex-corp-to-present-at-the-thinkequity-conference-on-october-15-2026.html" target="_blank" rel="noopener">ThinkEquity Conference</a> in New York on October 15. <h2 dir="ltr">Needham Stays Bullish as a Technical Analyst Rethinks Gold's Role</h2> Needham & Co. set a price target for Streamex of US$4.00 on August 18 and kept a Buy rating, <a href="https://www.marketbeat.com/instant-alerts/insider-streamex-nasdaq-stex-cio-sells-3539052-in-stock-2026-10-07/" target="_blank" rel="noopener">MarketBeat reported</a>. The note came the day after the company's second-quarter business update call. 1Earlier in the year, technical analyst John Newell of John Newell & Associates <a href="https://www.streetwisereports.com/article/2026/02/11/a-tokenized-gold-platform-at-an-inflection-point.html?utm_medium=feed" target="_blank" rel="noopener">wrote in a February 11 analysis</a> that gold poses problems for institutional investors. Bullion pays no income and is expensive to store and insure, and gold exchange-traded funds charge management fees. He said those drawbacks matter more as sovereign debt grows, inflation risk persists, and real yields weaken. <blockquote class="callOut left">Needham & Co. set a price target for Streamex of US$4.00 on August 18 and kept a Buy rating.</blockquote> Newell said GLDY addresses this by pairing exposure to physical gold with a yield paid in gold. Each token represents a non-voting interest in a special purpose vehicle that holds allocated gold, generally one-to-one with troy ounces. The gold is leased through Monetary Metals, and the income is distributed to holders as additional GLDY. "GLDY allows investors to maintain exposure to gold prices while earning a targeted yield of approximately 4%, without the storage, security, or carry costs associated with bullion, and without the management expense drag of ETFs," Newell wrote. Major gold ETFs, by contrast, generally charge about 0.40% a year and pay no yield, he said. Newell noted that GLDY is structured as a regulated security, not a retail stablecoin, and operates under Know Your Customer rules. He said its focus on compliance, transparency, and audited reserves addresses key concerns for institutions. "In that context, Streamex is not merely tokenizing gold," he wrote. "It is changing how gold functions within an institutional portfolio." <h2 dir="ltr">Record ETF Buying Even as Gold Pulls Back From Its Peak</h2> Gold traded at about US$4,173 per ounce on October 12, down about 3% over the past month and 26% below its January record of US$5,608, according to <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics</a>. The firm said the U.S. dollar was near its strongest level in 18 months, and traders were pricing in an 85% chance that the Federal Reserve raises rates by December. Investors kept buying anyway. Global gold ETFs drew a record US$31 billion in the third quarter, including US$10 billion in September, and holdings reached a record 4,256 tonnes, the <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/10" target="_blank" rel="noopener">World Gold Council reported</a> on October 7. The council said the Fed's 25-basis-point hike in September raised the opportunity cost of holding gold, which pays no income. Total ETF assets stood at US$574 billion. Tokenized gold is a far smaller market. The category's market capitalization was about US$5.9 billion on October 12, <a href="https://www.coingecko.com/en/categories/tokenized-gold" target="_blank" rel="noopener">according to CoinGecko</a>. Two tokens accounted for most of it: Tether Gold at about US$3.4 billion and Paxos's PAX Gold at about US$1.8 billion. Neither pays a yield. Trading has picked up: tokenized gold volume reached US$90.7 billion in the first quarter, more than in all of 2025, <a href="https://coinpaprika.com/news/tokenized-gold-q1-2026-volume-record/" target="_blank" rel="noopener">CoinPaprika reported</a>, citing CoinGecko data. At just over 3,100 ounces, it held as of September 29, GLDY would have been worth roughly US$13 million at the October 12 gold price.[OWNERSHIP_CHART-7701] <h2>Ownership and Share Structure2</h2> According to the company, insiders, including directors, officers, employees, and advisors, own 51.26% of Streamex on a combined basis. A significant portion of management's holdings, about 69 million shares, is held in exchangeable shares. Streamex's market cap is US$91.02 million with 185.42 million shares outstanding. It trades in a 52-week range of US$0.47 and US$6.50. <h2>Common Questions from Investors</h2> What does the CNB Custody announcement mean for advisors? Advisors and their clients with assets at CNB Custody can hold GLDY shares through accounts they already use, without holding a digital token. The shares can be converted into GLDY tokens at any time. How does CNB Custody compare with Inspira? CNB Custody is smaller, with more than 40,000 customers and more than US$5 billion in assets under custody, mainly in self-directed IRAs and non-qualified accounts. Inspira, which added GLDY in July, reports more than US$63 billion in assets across more than 8 million accounts. What is GLDY? It is Streamex's first product, giving holders exposure to physical gold and a yield earned by leasing that gold. It comes in token and non-token share form. The yield may vary, is not guaranteed, and may be reduced or discontinued. How much gold does GLDY hold? Just over 3,100 ounces as of September 29, according to CEO Henry McPhie. The company has not said how much is held through individual custodians. What is next for Streamex? McPhie said GLDC should launch before the end of the year, with silver, oil, and gas, and copper to follow in the new year. CFO Christine Plummer is scheduled to present at the ThinkEquity Conference on October 15. What do analysts say? Needham & Co. set its target to US$4.00 on August 18 and kept a Buy rating. In February, technical analyst John Newell said GLDY "is changing how gold functions within an institutional portfolio."1 How is the gold market doing? Gold traded at about US$4,173 per ounce on October 12, 26% below its January record. Global gold ETFs still drew a record US$31 billion in the third quarter. Tokenized gold is a much smaller market, at about US$5.9 billion. <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>Streamex Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</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 February 11, 2026 <ol> <li>For the quoted article (published on February 11, 2026) Streamex has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</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=32780"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32780" width="0" height="0"> ( Companies Mentioned: STEX:NASDAQ, ) STEX:NASDAQ Wed, 14 Oct 2026 00:00:00 PST Storm Exploration CEO Bruce Counts Discusses 'System With a Lot of Secrets to Give Up' https://www.streetwisereports.com/article/2026/10/14/storm-exploration-ceo-bruce-counts-discusses-system-with-a-lot-of-secrets-to-give-up.html Source: <a href="https://www.streetwisereports.com/article/2026/10/14/storm-exploration-ceo-bruce-counts-discusses-system-with-a-lot-of-secrets-to-give-up.html?utm_medium=feed">Streetwise Reports 10/14/2026</a> In a candid call, Storm Exploration Inc.'s (STRM:TSXV;CWVWF:OTCPK) CEO Bruce Counts discusses the personal drive behind the recent VMS discovery and CA$3.2M financing at the Gold Standard Project in Ontario.<h2>Key Investor Takeaways</h2> <ul> <li>Storm has confirmed VMS mineralization at its Gold Standard Project in northwestern Ontario, with <a href="https://stormex.ca/2026/09/23/new-mineralised-vms-system-discovered-at-storms-gold-standard-project/" target="_blank" rel="noopener">the September 23, 2026, announcement</a> covering five holes across 1.9 km (kilometers) of the target.</li> <li>CEO Bruce Counts subsequently said eight holes had been completed, with sulfides encountered in all eight and semi-massive to massive sulfides observed in the majority.</li> <li>The target originated from a large conductivity anomaly that coincided with historical Inco Limited drill holes containing copper and zinc mineralization, but no reported assays.</li> <li>Storm completed a CA$3.2 million oversubscribed private placement in September, including a CA$2 million investment from Eric Sprott.</li> <li>Pending assays will be important in determining the grade of the mineralized zones and will determine the size of Storm's 2027 drill program.</li> <li>The Gold Standard discovery remains an early-stage exploration story: the VMS interpretation has been supported by drilling, but its economic potential has not yet been established.</li> </ul> <h1>Storm Exploration's Bruce Counts on the Trail of an Overlooked Ontario VMS System</h1> <a href="https://www.streetwisereports.com/pub/co/2735?utm_medium=feed" target="_blank" rel="noopener">Storm Exploration Inc. (STRM:TSXV; CWVWF:OTCPK)</a> is advancing a newly confirmed volcanogenic massive sulfide (VMS) system at its Gold Standard Project in northwestern Ontario, but the story behind the discovery began decades before the company put a drill on the property. During an October 6 conversation with Streetwise Reports, Storm CEO Bruce Counts described the process as a combination of historical research, geophysics, geological interpretation, and, ultimately, a willingness to investigate a target that had been largely overlooked. For Counts, the appeal of exploration is personal. With a degree in geological engineering specializing in geophysics, he began his career on the discovery team for what became Canada's first diamond mine. He worked on the project as it moved from the initial discovery of kimberlite through resource definition, feasibility work, and construction. That experience shaped his approach to mineral exploration. "At the end of the day, mineral explorers are treasure hunters," Counts said. He said his preference is for earlier-stage projects where there is enough evidence to establish that mineralization exists, but historical exploration is limited. These projects are more speculative, according to Counts, but they also allow for a discovery that can change the trajectory of a company. That philosophy eventually led Storm to Gold Standard, where a large VMS system has been hiding in plain sight for more than 55 years. <h2>An Old Target With a New Interpretation</h2> Storm acquired the Gold Standard property in 2022 from prospectors Allan Onchulenko and Peter Gehrels, who had staked ground around three historical gold mines that were operational between 1901 and 1903. Counts said the lack of modern drilling around the old workings initially attracted his attention. Counts then dug deeper into the exploration history of the area. About four km north of one of the old gold mines, Inco, a major mining company, had drilled four holes in 1969 and 1970. Historical records showed copper and zinc mineralization in all of the holes, but there was no record of assays. Counts reasoned that Inco must have had an exploration target and decided to stake additional mineral claims to cover the Inco holes. Historical sampling and Storm's subsequent work added another piece to the puzzle. In 2022, Storm reported surface samples near the historical workings grading as high as 166 grams per tonne (g/t) gold (Au), 197 g/t silver (Ag), and 1.47% copper (Cu). The combination of high-grade gold and copper was unusual enough to warrant further investigation. In late 2022, Storm surveyed the property with a Versatile Time-Domain Electromagnetic (VTEM) survey, which measures the magnetic properties of the rocks as well as how well they conduct electricity. That survey identified a seven-kilometer-long horizon of strong conductivity that coincided with the four holes drilled by Inco. The theory that the conductive horizon was due to the presence of sulphides was supported by the mineralization reported in the Inco holes For Counts, an important question lingered: Why would a major Canadian exploration company drill into a conductive target, encounter copper and zinc, and then leave the area? He got the answer years later through a conversation with a former Inco employee. Counts recalled learning that Inco's exploration strategy at the time was heavily focused on nickel. The company used proprietary airborne geophysical surveys to identify conductors and then drilled them. If a target didn't show the nickel sulfides it was looking for, the company would move on without completing additional assays. "That explains a few things," Counts said. The historical holes had not necessarily been abandoned because they were uninteresting; they had been investigated for a different commodity and under a different exploration model. That distinction became important when Storm revisited the property. <h2>The 7 km Clue</h2> Storm's exploration work has included an airborne VTEM survey, which identified a large conductivity anomaly that coincided with the historical Inco drilling. The anomaly extended for more than 5 km in Storm's initial interpretation, and later work and drilling have outlined a broader target with approximately 7 km of strike length. Storm's September 23 release reported that the first five holes tested 1.9 km of that target, with every hole intersecting disseminated and/or semi-massive to massive sulfide mineralization, including chalcopyrite and sphalerite. Interestingly, this massive scale was part of what initially made the target difficult to interpret. Counts said the size of the conductor was unusually large for a VMS target. Graphite or another conductive horizon could potentially explain the geophysical response, and there was little historical evidence of a VMS system in the immediate area. But Counts consulted geophysicist Grant Lockhart, who agreed that the strength of the conductivity was more consistent with sulfides than graphite. "Now it started to look like that could be a VMS target," Counts said. Storm subsequently found sulfides at surface, while geological mapping identified features the company interpreted as consistent with a VMS environment, including felsic and mafic rocks as well as evidence of exhalative rocks. So, Storm moved to the next step: drilling. <h2>From Hypothesis to Discovery</h2> Storm received its drill permit in August 2026 and commenced drilling at Gold Standard in September 2026. The initial program was a test of the extensive conductivity anomaly, with the goal of determining whether VMS-type mineralization was actually present. The September 23 announcement provided the first public confirmation. During the October 6 interview, Counts said drilling had subsequently reached eight holes. According to Counts, sulfides had been encountered in all eight holes, with semi-massive to massive sulfides observed in at least six of them. The core was being logged, split, and prepared for laboratory analysis at the time of the interview. The distinction between visual sulfide observations and assay results is important. Storm has confirmed the presence of copper- and zinc-bearing sulfides, but the company does not yet have the assay data needed to determine the grades or economic significance of the mineralization. <blockquote class="callOut left">Technical analyst Stewart Thomson gave Storm a "Speculative Buy" rating, with a long-term price target of CA$2.60.1</blockquote> Counts acknowledged that distinction directly. "We can't gauge at this point what level that is," he said of the mineral potential, "but we know we're in a VMS system, and it's extensive." That makes the next question less about whether the target represents a VMS system and more about what the system contains. VMS deposits form due to hydrothermal activity associated with volcanic environments, creating concentrations of sulfide minerals that can contain copper, zinc, and, in some systems, even gold and silver. Counts described Gold Standard as a particularly large exploration target because of the length of the conductive horizon. The system appears to have a north-south component of roughly 3 km and an east-west component of roughly 4 km. That scale doesn't mean the entire anomaly represents an economic mineral deposit. Instead, the scale gives Storm a large area to search for potentially higher-grade or thicker portions of the system. Counts referred to this next phase as finding the "sweet spot." <h2>A Junior Explorer With More Room to Drill</h2> The discovery comes after a significant change in Storm's portfolio. Earlier in 2026, the company completed the sale of its Miminiska Project to Canadian Goldfields Discovery Corp. (CGM:TSXV; CGMXF:OTCMKTS) for CA$5.8 million. Storm had a market cap of approximately CA$4 million to CA$5 million at the time, according to Counts, making the transaction significant relative to the company's size. Storm subsequently turned its attention to Gold Standard as its next project ready for drilling. The company also completed an oversubscribed CA$3.2 million private placement in September 2026. The financing included a CA$2 million investment from Eric Sprott, who became Storm's largest shareholder following the transaction. The financing was intended to fund exploration drilling at Gold Standard, along with general working expenses. For Storm, the financing provides flexibility as it evaluates the initial drill results. Counts said the company expects to return to Gold Standard in 2027, with the size of the next program determined in part by the pending assays. A more modest program of approximately 5,000 m could be funded from the existing treasury, while a substantially larger program could require additional financing. "If we get great results and we want to go after it really aggressively, we might be back to the market," Counts said. <h2>What Comes Next for Storm?</h2> Storm expects detailed geological logging from the current drill program toward the end of October or beginning of November, according to Counts. Assay results are expected later, potentially in early January 2027. Those results are expected to provide the first indication of the grades and metal content of the mineralized zones. Combined with geological logging and the drill intersections, the results will help Storm assess their thickness and continuity. The company has already established that sulfide mineralization occurs across a meaningful portion of the target. What remains unknown is whether that mineralization contains the grades and widths necessary to support a significant mineral resource. That uncertainty is central to the story. Counts said the initial objective of the drill program was to confirm whether the conductivity anomaly represented a VMS system. With that hypothesis now supported by drilling, the exploration question has shifted toward determining where the strongest mineralization occurs and how the system is organized. "The mystery is still there," Counts said. "This system has a lot of secrets to give up." For a junior explorer, that can be an important stage of the exploration cycle. The company has moved beyond a purely geophysical target, but it has not yet reached the point where the economic potential of the discovery can be established. The next phase will therefore be driven by data: geological observations, assays, and additional drilling. Counts' own preference is to remain on the exploration side of that process. He said his objective is to take a project through discovery and toward resource definition and economic studies, rather than necessarily remaining at the helm if the project ultimately advances into mine development. For now, however, Gold Standard remains in the part of the exploration story that Counts appears to find most compelling: the period when a geological hypothesis has survived its first serious test, but the size and quality of the underlying system remain to be determined. "We've gone through that initial part where you've proven the hypothesis," he said. "And now it's about, where's the sweet spot? And how quickly can we get there?" <h2>Analyst Anticipates Re-Rating Based on Storm's VMS Target</h2> 1On September 2, 2026, technical analyst <a href="https://www.streetwisereports.com/article/2026/09/02/strong-chart-buy-signals-for-drill-ready-ontario-copper-zinc-gold-district-scale-project.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson</a> gave Storm a "Speculative Buy" rating, with a long-term price target of CA$2.60. Thomson argued that the company has an edge, being in possession of a "rare combination" of a target with both historical sulphide drill holes and high-grade gold-copper samples nearby. [OWNERSHIP_CHART-2735] "Storm stands above its competitors not by having the largest land package, but by having the most advanced assets, the cleanest balance sheet, and the strongest social license in an emerging gold district, offering shareholders a higher probability of near-term discovery with lower dilution risk . . . and from a technical analysis perspective, the bullish charts also imply a significant re-rating of the company is likely," he wrote. <h2>Ownership & Share Information2</h2> Storm Exploration Inc. has a market cap of CA$24.78 million, with 36.58 million shares outstanding. The company's 52-week range is CA$0.15-CA$0.71. Strategic Investors own 16% of shares, while Management & Insiders own 20%. The remaining 64% of shares are Retail. <h2>Frequently Asked Questions</h2> Q: What is a VMS deposit? A: A volcanogenic massive sulfide (VMS) deposit is a type of mineral deposit formed by hydrothermal activity associated with volcanic environments. VMS deposits can contain copper and zinc sulfides and may also contain gold and silver. Q: Why is the Gold Standard conductivity anomaly important? A: The anomaly extends for several kilometers and coincides with historical drill holes that intersected copper and zinc sulfide mineralization. Modern exploration work has now provided additional evidence supporting a VMS interpretation. Q: What did Storm's 2026 drilling confirm? A: Storm's September 23 release reported that five holes totaling approximately 1,000 meters had intersected disseminated and/or semi-massive to massive sulfides, including chalcopyrite and sphalerite, across 1.9 kilometers of the target. Counts subsequently said eight holes had been drilled, with sulfides encountered in all eight. Q: What will the assay results tell investors? A: Assays will provide quantitative information about the grades of metals present in the drill intersections. Together with the widths and geological characteristics of the mineralization, those results will help Storm determine which parts of the system warrant additional drilling. Q: What is Storm's next step at Gold Standard? A: Storm expects to continue evaluating the system through additional exploration and drilling in 2027. The size of that program is expected to depend in part on the results from the 2026 drilling, with management discussing a potential range from approximately 5,000 meters to a substantially larger program. Q: What type of rocks host the mineralization? A: The sulfide zones appear to occur along contacts between mafic and felsic volcanic units. The mineralization is hosted within a bimodal volcanic sequence that also shows silicification, quartz-chlorite-sericite alteration, and chert exhalative zones. Q: What does disseminated sulfide mineralization mean? A: Disseminated sulfides are sulfide minerals distributed throughout a host rock rather than concentrated in a single massive zone <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>Storm Exploration Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Storm Exploration Inc.</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" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on September 2, 2026. <ol> <li> <div data-olk-copy-source="MailCompose">Storm Exploration Inc. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$4,000 for the preparation of an independent technical research report, published on September 2, 2026.</div> </li> <li> <div>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. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. 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. Mr. Thomson owns no securities in Storm Exploration Inc., and he has no direct financial relationship with the company.</div> </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=32751"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32751" width="0" height="0"> ( Companies Mentioned: STRM:TSXV;CWVWF:OTCPK, ) STRM:TSXV;CWVWF:OTCPK Wed, 14 Oct 2026 00:00:00 PST Energy Transfer Bets US$2.6B on the Permian's Gas Bottleneck https://www.streetwisereports.com/article/2026/10/13/energy-transfer-bets-us-2-6b-on-the-permians-gas-bottleneck.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/energy-transfer-bets-us-2-6b-on-the-permians-gas-bottleneck.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Energy Transfer LP (ET:TXSE) is paying about US$2.625 billion for Vaquero Midstream's Delaware Basin gas network as record Permian output strains West Texas pipelines. Find out why one newsletter writer calls the deal a timely example of the value of energy infrastructure.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Energy Transfer agreed to buy Vaquero Midstream, a Delaware Basin natural gas gathering and processing company, for about US$2.625 billion in cash and units, with closing expected in the fourth quarter.</li> <li>Vaquero brings about 300 miles of pipeline and 675 million cubic feet per day of processing capacity, with room to expand to about 1.2 billion cubic feet per day.</li> <li>Vaquero's cash flows are supported by long-term, fee-based contracts with an average remaining life of approximately 10 years, and Energy Transfer expects the acquisition to be immediately accretive to distributable cash flow per common unit.</li> <li>Booming Permian gas output has outrun pipeline capacity this year, pushing West Texas gas prices below zero for months.</li> <li>Newsletter writer Ron Struthers called the deal "a timely example" of the value of energy infrastructure.</li> <li>Energy Transfer moved its common units from the New York Stock Exchange to the Texas Stock Exchange, where they began trading on October 5 under the same "ET" ticker.</li> </ul> <h2 dir="ltr" style="text-align: center;">Too Much Gas, Too Few Pipes: Why the Permian Is Worth US$2.6 Billion</h2> West Texas Intermediate crude traded at about US$93.36 a barrel on October 12, up about 57% from a year earlier, <a href="https://tradingeconomics.com/commodity/crude-oil" target="_blank" rel="noopener">according to Trading Economics</a>. Attacks in the Middle East and on tankers in the Strait of Hormuz have kept supply concerns high, even as prices eased about 8% over the past month. High oil prices are keeping Permian Basin drillers busy, and every barrel they pump brings natural gas up with it. The U.S. Energy Information Administration expects Permian gas output to average 29.2 billion cubic feet per day this year, up 6% from 2025, as total U.S. gas production heads for a record, <a href="https://www.eia.gov/todayinenergy/detail.php?id=67944" target="_blank" rel="noopener">the agency said in August</a>. In its October outlook, the EIA forecast record U.S. crude production of 13.87 million barrels per day in 2026 and marketed natural gas production of about 123.5 billion cubic feet per day, <a href="https://www.advisorperspectives.com/dshort/updates/2026/10/08/short-term-energy-outlook-october-2026" target="_blank" rel="noopener">Advisor Perspectives reported</a>. Getting that gas out of West Texas has been the problem. Gas prices at the Waha hub traded below zero from February to early June, falling as low as minus US$9.55 per million British thermal units in mid-April, according to <a href="https://eastdaley.com/daley-note/permian-producers-shutter-wells-to-manage-negative-waha-prices" target="_blank" rel="noopener">East Daley Analytics</a>. Some Delaware Basin producers curtailed output rather than sell at a loss. The benchmark Henry Hub price stood at about US$3.16 on October 12, Trading Economics reported. That's the market Energy Transfer LP (ET:TXSE) is betting on. On October 6, it agreed to buy Vaquero Midstream LLC, a Delaware Basin gas gathering and processing company, for about US$2.625 billion, <a href="https://www.businesswire.com/news/home/20261005350460/en/" target="_blank" rel="noopener">according to a release</a>. <h2 dir="ltr" style="text-align: center;">300 Miles of Pipe and Room to Nearly Double Processing</h2> Energy Transfer will pay US$1.95 billion in cash and issue about 33.3 million new common units. The deal is expected to close in the fourth quarter, subject to regulatory approval and customary conditions. Vaquero runs an approximately 300-mile pipeline network serving producers in Loving, Reeves, Ward, and Winkler counties, some of the most active areas of the Delaware Basin. It operates the Caymus Processing Complex, which has three processing trains with about 675 million cubic feet per day of capacity. Vaquero owns enough land to add two more trains, which could raise capacity to about 1.2 billion cubic feet per day. The system runs on long-term, fee-based contracts and about 100,000 dedicated acres, and its customers' contracts have an average of about 10 years left. Vaquero was formed with backing from Yorktown Partners and Keeneland Capital. <h2 dir="ltr" style="text-align: center;">From the Wellhead to the Export Dock</h2> Vaquero's pipelines already connect to Energy Transfer's downstream natural gas and natural gas liquids system. Energy Transfer said that the link should bring in more revenue from transportation, fractionation, terminalling, and exports, and that the deal will add to distributable cash flow per common unit right away. The purchase builds on Energy Transfer's push in the Permian. Its Hugh Brinson Pipeline, which carries Permian gas toward the Dallas–Fort Worth area, entered commercial service this summer with Phase I capacity of 1.5 billion cubic feet per day, <a href="https://www.stocktitan.net/news/ET/energy-transfer-reports-second-quarter-2026-results-and-updates-2026-zfz35ptq8uer.html" target="_blank" rel="noopener">the company said</a> in August. In the second quarter, Energy Transfer reported record NGL exports and record gathered volumes, and adjusted EBITDA rose 31% to US$5.07 billion. The company raised its 2026 adjusted EBITDA guidance to US$18.8 billion to US$19.1 billion and plans US$5.6 billion to US$5.9 billion in growth capital spending. Energy Transfer owns about 140,000 miles of pipeline and energy infrastructure across 44 states. In September, Energy Transfer said it would move its listings from the New York Stock Exchange to the Texas Stock Exchange, and its units began trading there on October 5 under the same ticker, according to a release. <h2 dir="ltr" style="text-align: center;">A 6.6% Yield and a Deal That Could Grow It</h2> Ron Struthers, editor of the Struthers Resource Stock Report, reiterated a Buy on Energy Transfer in an October 8 issue and called the Vaquero purchase "a timely example" of the value of pipelines. "Higher energy prices reinforce the strategic importance of North America's energy infrastructure," he wrote. Vaquero's facilities already connect to Energy Transfer's system, "potentially increasing volumes throughout its transportation, processing, storage, and export network," Struthers wrote. "Unlike exploration companies, Energy Transfer generates much of its revenue from handling and transporting energy commodities rather than directly depending on commodity prices." He said investors "should monitor acquisition debt, integration costs, unit dilution, and whether expected cash flow improvements materialize." <blockquote class="callOut left" dir="ltr">Ron Struthers, editor of the Struthers Resource Stock Report, reiterated a Buy on Energy Transfer in an October 8 issue and called the Vaquero purchase "a timely example" of the value of pipelines. </blockquote> Energy Transfer has been in Struthers' Millennium Index since 2019 at an entry price of US$14.50. The distribution yields 9.38% on that entry price, based on the current annualized distribution, and approximately 6.6% at US$20.62, he wrote. "I suggest Energy Transfer as a Buy if you don't already own some because the investment thesis remains straightforward and the same," Struthers wrote. "This acquisition could strengthen that long-term income strategy." He sees support between about US$18.50 and US$20 and resistance between US$20.75 and US$21.50, which the units must clear before testing new highs. Twelve of the 15 analysts covering Energy Transfer in the past three months rate it a Buy and three a Hold, <a href="https://www.tipranks.com/stocks/et/forecast">according to TipRanks</a>. Their average target of US$24.23. Since the deal was announced, J.P. Morgan's Jeremy Tonet reiterated a Buy and US$25 target, Scotiabank's Brandon Bingham a Buy and US$24 target, and Goldman Sachs' John Mackay a Hold and US$22 target. <h2 dir="ltr" style="text-align: center;">Dealmakers Race for West Texas Gas</h2> The Vaquero deal came the same day that ONEOK Inc. (OKE:NYSE) announced it had <a href="https://ir.oneok.com/news-and-events/press-releases/2026/10-06-2026-211615960" target="_blank" rel="noopener">closed its US$4.425 billion purchase</a> of Brazos Midstream's Midland Basin gathering and processing assets, the Permian's other major sub-basin. More room to move gas is coming. Three projects could add about 4.5 billion cubic feet per day of Permian takeaway capacity by the end of 2026, East Daley estimated in July: the Gulf Coast Express expansion, WhiteWater's 2.5-billion-cubic-foot-per-day Blackcomb line, and Energy Transfer's Hugh Brinson. The EIA expects U.S.-marketed gas output to keep climbing, to about 127.9 billion cubic feet per day in 2027.[OWNERSHIP_CHART-11487] <h2 dir="ltr" style="text-align: center;">Ownership and Share Structure1</h2> About 10.27% of Energy Transfer LP is owned by management and insiders, about 0.02% by strategic investors, and about 32.05% by institutions. The rest is retail. Its market cap is US$70.38 billion with 3.44 billion shares (common units) outstanding. It trades in a 52-week range of US$16.18 and US$21.84. <h2 style="text-align: center;">Common Questions from Investors</h2> What is Energy Transfer buying? Vaquero Midstream, which runs about 300 miles of pipeline in Loving, Reeves, Ward, and Winkler counties in the Delaware Basin, operates the Caymus Processing Complex. Caymus has three processing trains totaling about 675 million cubic feet per day, and Vaquero has land for two more that could raise capacity to about 1.2 billion cubic feet per day. How is Energy Transfer paying? US$1.95 billion in cash and about 33.3 million new common units, for a total of about US$2.625 billion. When is the deal expected to close? In the fourth quarter of 2026, subject to regulatory approval and customary closing conditions. How does the deal help Energy Transfer? Vaquero's pipelines already connect to Energy Transfer's downstream gas and NGL network, which the company expects to bring more transportation, fractionation, terminalling, and export revenue. Energy Transfer expects the deal to add to distributable cash flow per common unit immediately. Why does Permian gas matter right now? High oil prices have kept drillers busy, and the EIA expects Permian gas output to average 29.2 billion cubic feet per day this year, up 6% from 2025. Pipelines haven't kept up, and Waha hub prices traded below zero from February to early June. What do analysts and experts say? Newsletter writer Ron Struthers reiterated a Buy and said the acquisition "could strengthen that long-term income strategy." Twelve of 15 analysts tracked by TipRanks rate the units a Buy, with an average target of US$24.23. Where does Energy Transfer trade? Energy Transfer moved the listing of its common units and Series I Preferred Units from the New York Stock Exchange to the Texas Stock Exchange, and both began trading there on October 5, 2026. <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.</li> <li>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=32790"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32790" width="0" height="0"> ( Companies Mentioned: ET:TXSE, ) Tue, 13 Oct 2026 00:00:00 PST Star Gold PEA Highlights Longstreet Upside as Gold Holds Near US$4,200 Amid Central Bank Demand https://www.streetwisereports.com/article/2026/10/13/star-gold-pea-highlights-longstreet-upside-as-gold-holds-near-us-4-200-amid-central-bank-demand.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/star-gold-pea-highlights-longstreet-upside-as-gold-holds-near-us-4-200-amid-central-bank-demand.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Star Gold Corp. (SRGZ:OTCQB) reported a positive PEA for its 100%-controlled Longstreet gold-silver project in Nevada, including a US$122 million pre-tax NPV sensitivity case at US$4,000/oz gold and US$60/oz silver, against a backdrop of continued central-bank gold purchases.<a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> is advancing its 100%-controlled Longstreet gold-silver project in Nevada with <a href="https://www.prnewswire.com/news-releases/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longstreet-gold-silver-project-in-nevada-302885857.html" target="_blank" rel="noopener">a positive Preliminary Economic Assessment (PEA)</a> released September 22, 2026. The study estimates a pre-tax net present value (NPV) of US$87 million and an internal rate of return (IRR) of 48% at base-case prices of US$3,600/oz gold and US$48/oz silver. In a sensitivity case using US$4,000/oz gold and US$60/oz silver, pre-tax NPV rises to US$122 million and IRR to 63%. The company noted that the NPV on all numbers is at a 5% discount rate. The timing aligns with a gold market where <a href="https://www.cnbc.com/2026/10/12/china-gold-buying-interest-rate-.html" target="_blank" rel="noopener">prices reached records</a> above US$5,500/oz earlier in 2026 before settling near US$4,180/oz in mid-October, supported by sustained central bank purchases exceeding 300 tonnes in the first half alone. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Star Gold delivered a constructive PEA for Longstreet showing US$87 million pre-tax NPV and 48% IRR at base prices, rising sharply in sensitivity cases aligned with 2026 gold levels near US$4,000/oz.</li> <li>Central bank gold purchases remained robust in 2026, with China and others accumulating hundreds of tonnes and supporting prices that enhance project economics for Nevada developers like Star Gold.</li> <li>Recent regulatory approvals and a summer 2026 drill program position Longstreet for further technical de-risking ahead of a planned 2027 Plan of Operations submission.</li> <li>The Regulation A offering and new COO appointment expand access to capital and operational expertise as the company advances its 100%-controlled Nevada asset.</li> <li>Longstreet's low strip ratio, heap-leach design, and district-scale exploration potential offer leverage to sustained precious metals demand driven by sovereign buying.</li> </ul> <h2 style="text-align: center;">Star Gold's Latest Project Updates</h2> With rising gold prices, Star Gold sent out a newsletter titled, "Five Reasons to Look at Longstreet," on October 6, 2026, which also listed a proven resource, clear steps toward production, capital from industry insiders, and low-cost set up as reasons to invest. The company filed <a href="https://kalkine.com/news/announcements/star-gold-corp-updates-pea-for-longstreet-gold-silver-project" target="_blank" rel="noopener">an 8-K</a> on October 7, 2026, confirming the PEA details prepared under S-K 1300 by Kappes, Cassiday & Associates for a conventional open-pit, crushed heap-leach operation at Longstreet in Nye County, Nevada. <a href="https://www.prnewswire.com/news-releases/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longstreet-gold-silver-project-in-nevada-302885857.html" target="_blank" rel="noopener">Key parameters</a> include life-of-mine payable production of 88,587 ounces gold (Au) and 354,701 ounces silver (Ag), average annual gold output around 20,000 ounces, all-in sustaining costs of US$1,729/oz, and initial capital of approximately US$70 million, with a 1.8-year after-tax payback in the base case. The mine plan processes a subset of the larger mineral resource outlined in the December 2025 technical report summary. Additional recent milestones include a Regulation A offering launched September 16, 2026, to invite public investment, and the appointment of Tom Power as Chief Operating Officer on <a href="https://finance.yahoo.com/markets/stocks/articles/star-gold-corp-appoints-tom-120000534.html" target="_blank" rel="noopener">October 6, 2026</a>, bringing over 35 years of precious metals operational experience.<a href="#fn4"></a> Earlier in 2026, Star Gold secured BLM and U.S. Forest Service approvals for development work and finalized a summer drill program targeting resource expansion and metallurgical testing. Star Gold remains focused on permitting and pre-development at Longstreet, with plans to submit a full mine Plan of Operations application in 2027 following recent regulatory approvals. The company reported no revenue and elevated spending on project advancement in its latest quarterly filing, typical for an exploration-stage entity advancing toward potential production. <h2 style="text-align: center;">Gold Recovering Despite Volatility</h2> Gold prices moved back above US$4,200 per ounce early on October 12 before giving back some gains as investors weighed rising oil prices, a stronger U.S. dollar, and upcoming inflation data. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-october-12-2026-gold-opens-at-the-highest-point-in-over-a-week-110103415.html" target="_blank" rel="noopener">Yahoo!Finance</a> reported that December gold futures opened at US$4,220.80 per ounce, up 2.3% from Friday's close, before retreating to approximately US$4,204.20 in early trading. The recovery followed a volatile September and early October, as shifting expectations for Federal Reserve policy and geopolitical developments continued to influence prices. Despite the correction, investment demand remains an important source of support. The <a href="https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2026/10" target="_blank" rel="noopener">World Gold Council</a> reported that physically backed gold exchange-traded funds attracted US$10 billion in September, bringing third-quarter inflows to a record US$31 billion. Global holdings increased by 67 tonnes during September to a record 4,256 tonnes, even as the gold price declined. North American and European funds led the inflows, suggesting that investors continued to add exposure during the pullback. <blockquote class="callOut left">In a contributed technical analyst opinion, Stewart Thomson gave his opinion of the company on April 27, 2026. Thomson gave the stock a "Strong Speculative Buy" rating.1</blockquote> <a href="https://www.kitco.com/news/article/2026-09-23/gold-price-will-hit-4900oz-2026-strong-sovereign-demand-china-buys-75-more" target="_blank" rel="noopener">Goldman Sachs Research forecast in September</a> that gold could reach US$4,900 per ounce by year-end 2026, citing continued central-bank purchases and a potential recovery in investment demand. The firm estimated central-bank buying at 44 tonnes in July, including significant purchases by China, although analysts cautioned that prices could remain volatile. The near-term outlook remains sensitive to inflation, interest rates, and currency movements. Higher oil prices can intensify inflation concerns and increase expectations that interest rates will remain elevated, potentially weighing on gold because the metal does not generate interest income. Conversely, geopolitical uncertainty, central-bank purchases, and investment flows can support demand. For Star Gold, higher gold and silver prices would improve the modeled economics of Longstreet. The PEA's sensitivity case estimates a pre-tax NPV of US$122 million and an IRR of 63% at US$4,000/oz gold and US$60/oz silver. Actual results would depend on realized metal prices, costs, permitting, financing, and other project risks. <h2 style="text-align: center;">Analyst Sees "Outperformance" from Stock</h2> 1In a contributed technical analyst opinion, <a href="https://www.streetwisereports.com/article/2026/04/27/nevada-gold-silver-resource-update-brings-3-68-million-private-placement-a-bullish-technical-set-up.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave his opinion of the company </a>on April 27, 2026. Thomson gave the stock a "Strong Speculative Buy" rating and said that its "volume has been this high before, but not consistently, as it is now." Thomson went on to give Star Gold a short-term price target of US$0.20 and a long-term price target of US$5.40, noting that "given the consistent outperformance of Star Gold during CDNX rallies, high long-term price targets for the stock are reasonable considerations." <h2 style="text-align: center;">Final Permit Expected</h2> The final permit to begin production for the Main resource site is expected in Q3 or Q4 of 2027. In an exclusive comment to Streetwise Reports, CEO Lindsay Gorrill said, "The new economic assessment Net Present Value 5% discount using US$4,000 gold is US$122 million, which is four times higher than our current market cap. We continue to move as fast as we can to file our permit to move toward production, which unlocks the true value of what we have." [OWNERSHIP_CHART-6021] <h2 style="text-align: center;">Ownership & Share Information2</h2> Star Gold Corp. has a market cap of US$32.49 million, with 204.54 million shares outstanding. The company's 52-week range is US$0.02-US$0.21. Strategic Investors own 15.63% of shares, while Management & Insiders own 19.80%. The remaining 64.57% of shares are Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What does the latest PEA show for Star Gold's Longstreet project? A: The September 22, 2026, PEA outlines an open-pit heap-leach mine with strong returns at current and higher gold/silver prices, including 1.8-year after-tax payback in the base case and multiple undrilled targets for upside. Q: How does the gold market and central bank buying relate to Star Gold? A: Strong central bank purchases exceeding 300 tonnes in H1 2026 have supported gold prices in ranges that align with the PEA's higher sensitivity cases, providing a favorable backdrop for Longstreet economics versus peers in the sector. Q: What are the next catalysts for Star Gold Corp.? A: Key upcoming items include completion of the 2026 drill program results, further permitting progress, and submission of the mine Plan of Operations in early 2027. Q: Where is the Longstreet project located, and what is its ownership? A: Longstreet is 100%-controlled by Star Gold Corp. and located in Nye County, Nevada, within the Walker Lane Belt, with a resource supporting open-pit development. Q: What is a Preliminary Economic Assessment (PEA) in mining? A: A Preliminary Economic Assessment (PEA) is an early-stage technical and economic study that evaluates the potential viability of developing a mineral deposit. It estimates factors such as capital costs, operating costs, production rates, mine life, and potential project returns. Star Gold Corp.'s PEA for its Longstreet gold-silver project in Nevada outlines a potential open-pit, heap-leach operation, but its results are preliminary and do not guarantee that the project will become a producing mine. Q: What is net present value (NPV) in a mining project? A: Net present value (NPV) is a financial measure that estimates the current value of a project's future cash flows after accounting for initial and ongoing costs and the time value of money. A positive NPV indicates that projected cash flows exceed the costs under the study's assumptions. Star Gold's Longstreet PEA reported a pre-tax NPV of US$87 million under its base-case metal prices of US$3,600 per ounce of gold and US$48 per ounce of silver. Q: What is the internal rate of return (IRR) in mining economics? A: The internal rate of return (IRR) is the discount rate at which a project's NPV equals zero. It is used to assess the potential return of a mining investment relative to its costs and risks. Star Gold's Longstreet PEA estimated a 48% pre-tax IRR under its base-case assumptions, increasing to 63% in a sensitivity case using higher gold and silver prices. These estimates depend on the study's assumptions and are not guaranteed investment returns. Q: What is heap leaching in gold and silver mining? A: Heap leaching is a mineral processing method in which crushed ore is placed on a lined pad and treated with a chemical solution that dissolves recoverable metals. The metal-bearing solution is collected and processed to recover the gold or silver. Star Gold's Longstreet PEA evaluates a conventional open-pit mining operation using crushed heap-leach processing, a method commonly used for suitable gold and silver deposits. Q: What is a mine Plan of Operations? A: A mine Plan of Operations is a detailed proposal describing how a mining project will be developed and operated, including planned activities, infrastructure, environmental protection, and reclamation measures. On U.S. federal lands, the plan is submitted to the relevant federal land-management agency for review and approval under applicable regulations. Star Gold plans to submit a full Plan of Operations application for Longstreet in early 2027 as it advances the project toward potential development. <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>Star Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </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 Star Gold 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> 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 April 27, 2026 <ol start="1" type="1"> <li> <div role="presentation" data-olk-copy-source="MailCompose">For this article, Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</div> </li> <li> <div role="presentation">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.</div> </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=32789"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32789" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) SRGZ:OTCQB Tue, 13 Oct 2026 00:00:00 PST Helium Evolution Identifies 10 Grasslands Drilling Targets as Helium Supply Tightens https://www.streetwisereports.com/article/2026/10/13/helium-evolution-identifies-10-grasslands-drilling-targets-as-helium-supply-tightens.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/helium-evolution-identifies-10-grasslands-drilling-targets-as-helium-supply-tightens.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Helium Evolution Inc. (HEVI:TSX.V; HEEVF:OTCQB) and its partner have agreed on 10 initial drilling targets at their Grasslands helium project in Saskatchewan, with drilling potentially starting as early as January 2027. Find out why one analyst says the bigger prize lies beyond Grasslands.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Helium Evolution and partner North American Helium completed their interpretations of 170 square kilometers of 3D seismic data at Grasslands and agreed on an initial set of drilling locations for up to 10 wells.</li> <li>North American Helium, the operator, is advancing the surface-location permitting process for up to 10 wells. Drilling could begin as early as January 2027, subject to final drilling licenses and winter rig availability.</li> <li>Helium Evolution holds a 49% working interest in the undeveloped pooled lands and a 20% working interest in developed sections within the pooled area.</li> <li>North American Helium's Stewart Valley facility began production on September 20, 2026, at an annualized rate of approximately 73 million cubic feet of helium. Independent evaluator Ryder Scott assigned the field 1.103 billion cubic feet of proved plus probable helium reserves, which the company describes as the largest helium field ever discovered in Canada, based on independent reserve analysis.</li> <li>Auctus Advisors reiterated a CA$0.45 target price and said Helium Evolution's main upside lies in exploration across its more than 100 helium leads.</li> <li>Iranian attacks on QatarEnergy's Ras Laffan complex in February and March 2026 disrupted helium production, removing roughly 30% of global supply from the market, according to Tom's Hardware.</li> </ul> <h2 dir="ltr" style="text-align: center;">Ten Helium Targets Mapped, Drill Rigs Could Roll by January</h2> Helium Evolution Inc. (HEVI:TSX.V; HEEVF:OTCQB) and partner North American Helium Inc., also called NAH, have finished interpreting 170 square kilometers of 3D seismic at the Grasslands helium project in southern Saskatchewan and agreed on 10 initial drilling targets, <a href="https://www.heliumevolution.ca/helium-evolution-provides-grasslands-project-update-and-board-of-directors-update/" target="_blank" rel="noopener">according to an October 8 release</a>. NAH, the operator, is seeking surface permits for up to 10 wells. Drilling could start as early as January 2027. "Alignment with NAH on the Grassland 3D seismic interpretation and 10 initial drilling targets is a meaningful milestone for HEVI," President and Chief Executive Officer Malcolm Adams said. "We look forward to supporting NAH where needed as they advance the drilling location permitting process at Grasslands." <h2 dir="ltr" style="text-align: center;">A 49% Stake Alongside the Company Behind Canada's Largest Helium Field</h2> How many wells get drilled this winter depends on final drilling licenses and rig availability, the company said. It will give more details on timing and scope once permitting is complete. HEVI and NAH pooled about 40,000 acres in the Grasslands and Mankota area in January, <a href="https://www.greenstocknews.com/news/tsx-venture/hevi/helium-evolution-announces-seismic-program-pooling-agreement-and-provides-operations-update" target="_blank" rel="noopener">HEVI said at the time</a>. HEVI holds 49% of the undeveloped pooled lands, and NAH holds 51%. Already developed sections stay split 80% NAH and 20% HEVI. The seismic program was budgeted at about CA$4.9 million gross, or CA$2.4 million net to HEVI, according to the company's January 2026 announcement. NAH brought its Stewart Valley helium facility in southwest Saskatchewan online on September 20, producing about 73 million cubic feet of helium a year, <a href="https://www.newsfilecorp.com/release/315362/" target="_blank" rel="noopener">NAH said</a>. Independent evaluator Ryder Scott assigned the field 1.103 billion cubic feet of proved plus probable helium reserves, which NAH called the largest helium field ever discovered in Canada. NAH sells its output under long-term contracts with major industrial gas distributors. <h2 dir="ltr" style="text-align: center;">Board Adds Banking Experience as Drilling Approaches</h2> Directors Philip Hughes and Michael Graham resigned, and Anton du Plessis joined the board, effective immediately. Du Plessis has about 30 years of corporate finance experience, including as CEO and a director of a public lithium company and in senior roles at several international investment banks. "We sincerely thank Philip and Michael for their significant contributions to HEVI," Chair James Baker said. Hughes chaired the audit committee, and Baker said Graham's "engineering and oil and gas experience provided important technical and industry insight." Baker said du Plessis's "extensive corporate finance, capital markets and public company experience will further strengthen our Board." <h2 dir="ltr" style="text-align: center;">Analyst Says the Real Prize Lies Beyond Grasslands</h2> Auctus Advisors analyst Stephane Foucaud reiterated a CA$0.45 target price on Helium Evolution in an October 12 note, implying a 125% return from the CA$0.20 share price at the time. Foucaud said HEVI's land offers "material exploration upside." NAH's new production at Stewart Valley, just northwest of HEVI's core landholdings, has "positive implications for HEVI," he wrote. One NAH exploration well showed about 2% helium, and the field is estimated at about 1.7%, well above the 0.75% to 0.9% typical of producing fields, according to Foucaud. <blockquote class="callOut left" dir="ltr">Auctus Advisors analyst Stephane Foucaud reiterated a CA$0.45 target price on Helium Evolution in an October 12 note.</blockquote> Before drilling Stewart Valley, NAH shot a large regional 2D seismic program instead of relying on aeromagnetic data alone. HEVI plans to do the same over its best prospects, McCord, Fox, and Johnson Lake, the last just southwest of Stewart Valley, Foucaud wrote. Auctus values HEVI at CA$0.23 per share on the Grasslands appraisal alone, assuming three of four wells succeed. Three more successful wells would add CA$0.05 per share, and selling the helium in liquefied form would add another CA$0.02. "The more material upside comes from exploration," Foucaud wrote. HEVI has identified more than 100 helium leads. At a 1-in-5 success rate, that implies about 20 potential pools, and Auctus values each 0.5 billion cubic foot discovery at CA$0.17 per share, unrisked. Stewart Valley holds around 1.1 billion cubic feet. The firm's risked net asset value is CA$0.43 per share, based on three potential pools with a 25% chance of success and a helium price of US$500 per thousand cubic feet at the plant gate. <h2 dir="ltr" style="text-align: center;">The Gas the Chip Industry Can't Do Without</h2> Helium is the second-lightest element, chemically inert, and has the lowest boiling point of any element, at about minus 269 degrees Celsius. It forms slowly from the radioactive decay of uranium and thorium underground and is recovered mainly from natural gas. Once released, it escapes the atmosphere, so supply can't be replenished on any human timescale. Those properties make it hard to replace in the technology behind the electric economy. Chipmakers use helium to cool the extreme ultraviolet lithography machines that print the most advanced chips, to cool silicon wafers during manufacturing, and to detect leaks in vacuum chambers, <a href="https://www.tomshardware.com/tech-industry/semiconductors/the-global-helium-shortage-is-a-direct-threat-to-chipmaking">Tom's Hardware reported</a>. It is also sealed inside the high-capacity hard drives that store data center information. In the U.S., controlled atmospheres, fiber optics, and semiconductors accounted for 17% of helium use in 2025, and MRI scanners another 15%, according to the <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-helium.pdf">U.S. Geological Survey</a>. Supply is concentrated, and this year showed how fragile it is. Qatar produced about a third of the world's roughly 190 million cubic meters in 2025. In late February, attacks on QatarEnergy's Ras Laffan complex during the Iran conflict knocked out about 30% of global supply and sent prices up 40% to 100%, <a href="https://www.tomshardware.com/tech-industry/semiconductors/the-global-helium-shortage-is-a-direct-threat-to-chipmaking" target="_blank" rel="noopener">Tom's Hardware reported</a>. QatarEnergy has since restarted its Helium 2 plant, <a href="https://www.akapenergy.com/post/qatar-quietly-restarts-helium-production-at-helium-2-shipping-via-jeddah" target="_blank" rel="noopener">Akap Energy reported</a> in August, but the U.S. market "remained firm through August 2026," <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/us-helium-market-remains-supply-constrained-amid-qatar-44769" target="_blank" rel="noopener">ChemAnalyst reported</a>. Canada produced about 6 million cubic meters in 2025 and supplied 47% of U.S. helium imports from 2021 to 2024, the USGS said. Saskatchewan's helium action plan <a href="https://globalnews.ca/news/8374704/saskatchewan-helium-action-plan" target="_blank" rel="noopener">aims for the province</a> to supply 10% of the world's usable helium by 2030.[OWNERSHIP_CHART-10629] <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 48.99% of the company is owned by insiders and management, about 34.77% by strategic investors. Its market cap is CA$59.5 million with 329.87 million shares outstanding. It trades in a 52-week range of CA$0.11 and CA$0.35. <h2 style="text-align: center;">Common Questions from Investors</h2> What happened at Grasslands? HEVI and NAH each completed their interpretation of 170 square kilometers of 3D seismic and agreed on 10 initial drilling targets. NAH is now seeking surface permits for up to 10 wells. When will drilling start? As early as January 2027. The number of wells drilled this winter depends on final drilling licenses and rig availability, and HEVI will give more details once permitting is complete. What does HEVI own at Grasslands? In January, HEVI and NAH pooled about 40,000 acres in the Grasslands and Mankota area. HEVI holds 49% of the undeveloped pooled lands and 20% of the sections already developed. NAH operates the project. Who is North American Helium? NAH is the project's operator and partner. Its Stewart Valley facility began production on September 20, 2026, at an annualized rate of approximately 73 million cubic feet of helium. Independent evaluator Ryder Scott assigned the field 1.103 billion cubic feet of proved plus probable helium reserves. What board changes were announced? Directors Philip Hughes and Michael Graham resigned. Anton du Plessis, who has about 30 years of corporate finance experience, joined the board on October 8. What does the analyst say? Auctus Advisors' Stephane Foucaud reiterated a CA$0.45 target price on October 12. He values HEVI at CA$0.23 per share on Grasslands appraisal alone and said, "The more material upside comes from exploration." Why does helium matter? Chipmakers use it to cool lithography machines and silicon wafers and to detect leaks, and it is also used in fiber optics, MRI scanners, and data center hard drives. Supply is concentrated, and an attack on Qatar's Ras Laffan complex this year knocked out about 30% of global supply. <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=32788"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32788" width="0" height="0"> ( Companies Mentioned: HEVI:TSX.V;HEEVF:OTCQB, ) Tue, 13 Oct 2026 00:00:00 PST Talon Metals Discovers Mineralized Conduit at Roland Nickel-Copper Target https://www.streetwisereports.com/article/2026/10/13/talon-metals-discovers-mineralized-conduit-at-roland-nickel-copper-target.html Source: <a href="https://www.streetwisereports.com/article/2026/10/13/talon-metals-discovers-mineralized-conduit-at-roland-nickel-copper-target.html?utm_medium=feed">Streetwise Reports 10/13/2026</a> Talon Metals Corp. (TLO:TSX;TLOFF:OTCMKTS) reports high-grade nickel-copper intercepts at its Roland target in Michigan, applying a geological model informed by the Eagle East discovery following its 2026 Eagle Mine acquisition.Talon Metals Corp. (TLO:TSX; TLOFF:OTCMKTS) <a href="https://talonmetals.com/talon-metals-discovers-mineralized-magmatic-conduit-at-roland-nickel-copper-target-in-michigan/" target="_blank" rel="noopener">announced on October 6, 2026</a>, that drilling at its Roland nickel-copper target in Baraga County, Michigan, has intersected a mineralized magmatic conduit with high-grade massive sulphide mineralization, guided by the geological model from the Eagle East discovery at its recently acquired Eagle Mine. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Talon Metals has identified a mineralized magmatic conduit at Roland, applying a geological model informed by the Eagle East discovery.</li> <li>The October 6, 2026, discovery provides a defined feature to follow with additional drilling upstream in the conduit.</li> <li>The Roland program sits within a large Michigan land package under an earn-in agreement and benefits from proximity to the newly acquired Eagle Mine operations.</li> <li>National Bank Financial reiterated an "Outperform" rating with a CA$8.00 target in its July 2026 note, highlighting the U.S. nickel-copper strategy.</li> <li>Recent drilling success at Roland complements ongoing advancement at the Tamarack project and integration of the Eagle Mine and Humboldt Mill assets acquired in January 2026.</li> </ul> <h2 style="text-align: center;">The Roland Conduit Discovery</h2> Drill hole 26RL0010 returned 25.85 m (meters) grading 0.77% Ni (nickel), 0.47% Cu (copper), and 1.16% NiEq (nickel equivalent) from 569.38 m, including 1.35 m at 5.37% Ni and 6.38% NiEq, with a 0.67 m massive sulphide interval grading 7.61% Ni. Holes 26RL0009 and 26RL0011 also intersected nickel-copper mineralization within the conduit, which Talon interprets as a keel-style feature similar to Eagle East. The program follows the exploration approach that led to the 2015 Eagle East discovery, where near-surface mineralization was traced upstream to the high-grade orebody. With the conduit now located, Talon plans to drill upstream to test for the source of the mineralization. "Roland is a strong example of how a new geological model can unlock exploration potential in an area that has already seen historical drilling," said Brian Goldner, Chief Exploration Officer of Talon Metals, in the release. "The discovery of Eagle East changed how we think about nickel-copper mineralization in this part of Michigan and gave us a different model to apply at Roland. Our first objective was to locate the mineralized conduit. Through successive drilling, geophysics, and geological interpretation, we have now done that and intersected high-grade massive sulphides within the system. Our focus now is to follow the mineralization upstream within the conduit and test for its source, just like the discovery of Eagle East." Roland lies within Talon's approximately 400,000-acre Michigan land package and is subject to an earn-in agreement with UPX Minerals Inc., a subsidiary of Sweetwater Royalties, allowing Talon to acquire up to 80% interest. The target benefits from the company's January 2026 acquisition of the Eagle Mine and Humboldt Mill, providing an operating platform and regional geological knowledge for nickel-copper exploration in the area. <h2 style="text-align: center;">Nickel Sector: Oversupply and Indonesian Policy Shape Market Outlook</h2> Nickel prices are under pressure as supply growth and uneven demand weigh on the market. On October 13, 2026, nickel was trading around US$15,600 per tonne, near a recent low of US$15,510 reached earlier in October, according to <a href="https://tradingeconomics.com/commodity/nickel/news/591377" target="_blank" rel="noopener">Trading Economics</a>. The article by Trading Economics argued that persistent oversupply, elevated exchange inventories, and a stronger U.S. dollar are weighing on prices. Indonesia remains central to nickel's outlook because it accounts for roughly two-thirds of global mined production. <blockquote class="callOut left">On October 5, 2026, Gary Tanashian of Notes from the Rabbit Hole listed Talon Metals as one of his "favored" junior mining companies.</blockquote> <a href="https://source.benchmarkminerals.com/article/mid-year-production-quotas-and-underwhelming-ncm-demand-weaken-market-fundamentals-nickel-q3-2026-price-review" target="_blank" rel="noopener">In its Q3 2026 nickel price review</a>, Benchmark Mineral Intelligence reported that nickel prices weakened during Q3 as Indonesian production quotas and easing processing costs increased supply, while demand for nickel-based electric vehicle battery materials softened. The shift toward lithium iron phosphate (LFP) batteries is reducing the share of battery demand served by nickel-bearing chemistries. Politically, policy changes in Indonesia could affect the metal's future. <a href="https://www.thejakartapost.com/business/2026/10/08/indonesia-mulls-nickel-smelter-moratorium-as-global-supply-swells" target="_blank" rel="noopener">The Jakarta Post reported on October 8, 2026,</a> that the government was considering a moratorium or restrictions on new smelters producing semi-processed nickel products to address oversupply. This decision could eventually constrain supply growth, although its impact will depend on implementation and the pace of demand recovery. <h2 style="text-align: center;">A 'Favored' Junior</h2> In a July 14, 2026,<a href="https://www.pricetargets.com/TSE/TLO/" target="_blank" rel="noopener"> research note</a>, National Bank Financial maintained an "Outperform" rating and CA$8.00 price target on Talon Metals, citing the company's expanding U.S. nickel-copper platform.<a href="#fn3"></a> The company has since surpassed that target. Cantor Fitzgerald weighed in on the company in a September 10, 2026, company update, where Matthew O'Keefe reiterated a "Speculative Buy" rating and increased the price target from CA$8.00 to CA$9.40. O'Keefe wrote, "With continued high-grade results from the Tamarack Vault Zone and exploration potential at its Michigan properties, we see increasing upside potential from the discovery and delineation of additional high-grade resources." Next, on <a href="https://www.streetwisereports.com/article/2026/09/30/a-focus-on-gold-silver-stocks-with-a-coming-low-in-the-gold-spx-ratio.html?utm_medium=feed" target="_blank" rel="noopener">October 5, 2026</a>, Gary Tanashian of Notes from the Rabbit Hole listed Talon Metals as one of his "favored" junior mining companies. <a href="https://robertsinn.substack.com/p/the-sun-is-shining-on-the-midcontinent?utm_source=post-email-title&publication_id=2243983&post_id=219163289&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In an October 7, 2026, article</a>, Robert Sinn of Goldfinger wrote, "Talon's latest breakthrough at Roland adds another compelling discovery to the Boulderdash success announced in 2024." Sinn added, "Each successful hole helps sharpen the next target, and Roland is providing increasingly valuable clues." <h2 style="text-align: center;">A Feasibility Study in the Near Future</h2> According to Talon Metals' <a href="https://talonmetals.com/wp-content/uploads/2026/09/Talon-September-2026-Corporate-Presentation-FINAL.pdf" target="_blank" rel="noopener">September 2026 investor presentation </a>and September 10 announcement, the company has selected its existing Humboldt Mill in Michigan as the processing location for material from the Tamarack Nickel-Copper-Cobalt Project in Minnesota. A feasibility study evaluating the required material-handling and process modifications, along with other technical and strategic considerations, is expected to be completed in Q4 2026. Talon has said it will not advance construction of the previously proposed Beulah Minerals Processing Facility in North Dakota. Other upcoming catalysts include continued environmental review and permitting work for Tamarack, as well as additional exploration at the project's high-grade Vault Zone to further define the mineralized system. [OWNERSHIP_CHART-1441] <h2 style="text-align: center;">Ownership & Share Information1</h2> Talon Metals Corp. has a market capitalization of CA$1.39 billion, with 162.25 million shares outstanding. The company's 52-week trading range is CA$3.65 to CA$11.23. Institutions own 19.83% of shares, while Strategic Investors own 17.27%. Management & Insiders own 3.62% of shares, and the remaining 59.28% of shares are held by Retail. <h2 style="text-align: center;">Frequently Asked Questions</h2> Q: What did the latest Roland drilling show? A: Three holes intersected a mineralized conduit; hole 26RL0010 returned 25.85 m at 0.77% Ni and 0.47% Cu, including a 0.67 m massive sulphide interval at 7.61% Ni. Q: How does the Roland discovery relate to Eagle East? A: Talon is applying the same upstream-tracing model used to discover the high-grade Eagle East orebody in 2015 to locate potential concentrated sulphide sources at Roland. Q: What is the next step at Roland? A: Drilling will focus on tracing the conduit and mineralization upstream to test for the source, mirroring the Eagle East exploration sequence. Q: What is a magmatic conduit in nickel-copper exploration? A: A magmatic conduit is a pathway through which molten rock, or magma, moves through the Earth's crust. As magma flows through these pathways, nickel, copper, and other metals can become concentrated under certain geological conditions, potentially forming economically significant deposits. Talon Metals identified a mineralized magmatic conduit at its Roland nickel-copper target in Michigan and plans to drill upstream to investigate the source of the mineralization. Q: What are massive sulphide deposits in nickel-copper mining? A: Massive sulphide deposits are concentrations of sulphide minerals that form relatively continuous accumulations within rock. These minerals can contain valuable metals such as nickel, copper, and cobalt. At Talon Metals' Roland target, drilling intersected a 0.67-meter interval of massive sulphide grading 7.61% nickel, indicating a localized zone of high-grade nickel mineralization. Q: What is nickel equivalent (NiEq) in mineral exploration? A: Nickel equivalent, or NiEq, is a calculated measure that expresses the combined value of multiple metals as an equivalent nickel grade. It allows exploration companies to summarize the potential contribution of metals such as nickel and copper in a mineralized interval. Talon reported 25.85 meters grading 1.16% NiEq at Roland. The company's stated calculation uses assumed metal prices and other inputs, as detailed in the October 6, 2026, press release; the equivalent grade is a calculated measure, not the actual nickel grade. Q: What is upstream drilling in mineral exploration? A: Upstream drilling involves following a mineralized geological structure toward the interpreted source of the mineralization, based on the direction of geological or geophysical evidence. This approach can help geologists identify areas where metals may have accumulated in greater concentrations. At Roland, Talon Metals plans to drill upstream within the newly identified magmatic conduit to test for the source of the nickel-copper mineralization. Q: What is an earn-in agreement in mining? A: An earn-in agreement is an arrangement that allows an exploration company to acquire an ownership interest in a mineral property by meeting specified requirements, such as funding exploration expenditures or completing work commitments. The agreement typically sets out the conditions and the percentage interest the company can earn. Talon Metals' agreement with UPX Minerals Inc. allows it to acquire up to an 80% interest in the property hosting the Roland target. <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=32785"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32785" width="0" height="0"> ( Companies Mentioned: TLO:TSX;TLOFF:OTCMKTS, ) Tue, 13 Oct 2026 00:00:00 PST