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Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/ Investment coverage from Streetwise Reports. copyright 2012, Streetwise, Inc. Copper, Gold Explorer With Promising IP Survey Results to Start Drilling in Montana https://www.streetwisereports.com/article/2026/04/15/gold-explorer-with-promising-ip-survey-results-to-start-drilling-in-montana.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/gold-explorer-with-promising-ip-survey-results-to-start-drilling-in-montana.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Domestic Metals Corp. (DMCU:TSX; DMCUF:OTCQB; 03E0:FSE) is set to drill on the Smart Creek project in mining-friendly Montana. See why one expert recommends the stock. Mineral exploration company <a href="https://www.streetwisereports.com/pub/co/11313?utm_medium=feed" target="_blank" rel="noopener">Domestic Metals Corp. (DMCU:TSX; DMCUF:OTCQB; 03E0:FSE)</a> is dedicated to uncovering large-scale copper and gold deposits in historically significant mining regions across the Americas that have economically favorable grades. Its Smart Creek Copper-Gold-Silver Project, located in the mining-friendly state of Montana, features extensive copper mineralization at the surface. It presents four promising exploration targets: porphyry copper, epithermal gold, replacement, and exotic copper, all within excellent host rocks for mineral deposition, the company said. The company is also guided by a seasoned management team and a skilled technical team, including Gordon Neal, who was one of the founding members of MAG Silver Corp. (recently purchased by Pan American Silver Corp.) before moving on to serve as the vice president Corporate Development for Silvercorp Metals and president of New Pacific Metals. According to Domestic's website, Neal has raised more than CA$750 million in the resource sector and serves on multiple metals and mining company boards. Domestic's Advisory Board includes experienced geologists Dan MacNeil and Alan Wainwright and Technical Adviser Dr. Peter McGraw, who was instrumental in a number of mineral discoveries in Mexico, including MAG's Juanicipio mine. The company is earning up to a 60% interest in the project through an option agreement with Rio Tinto, which retains a 40% interest and provides technical support. Domestic Metals is set to start a 9,000-meter drill program spread across 36 sites at the Sunrise, Smart Creek, and Radio Tower targets at the project by the end of April. <h2 style="text-align: center;">Results of IP Geophysical Survey</h2> Earlier this month, <a href="https://domesticmetals.com/news/multiple-large-chargeability-features-support-porphyry-crd-targets-at-smart-creek-project-montana/" target="_blank" rel="noopener">Domestic announced the results of a recent induced polarization (IP) geophysical survey</a> conducted at Smart Creek. The survey revealed chargeability features that enhance the project's potential for significant mineral deposits and suggest the presence of extensive porphyry copper style zones and carbonate replacement (CRD)/skarn copper-gold-silver mineralization, aligning with previously identified alteration footprints and high-grade sampling results. The IP survey, which was carried out by TMC Geophysics from February 6 to March 2, covered 26 line-kilometers using a pole-dipole electrode array. The findings from the survey indicate that the chargeability features could represent subsurface sulfide mineralization related to porphyry copper, CRD, and/or skarn types, which have not been drill tested before on this property. Notably, the survey delineated chargeability at several targets within the project area, including Smart Creek, Smart Creek Exotic, Sunrise, and Radio Tower, significantly boosting confidence in these previously identified drill targets. "The Smart Creek project continues to give us better than expected results," Neal said. "These new geophysical data will further help us in vectoring toward the center of porphyry and CRD target mineralization." Neal also noted that the geologists have refined their targets based on both the high-grade metal results previously obtained and the new IP data. This spring's drilling represents a significant step forward in Domestic Metals' efforts to explore and potentially develop the Smart Creek Project, underlining the company's commitment to leveraging advanced geophysical techniques to guide its exploration strategies. <a href="https://domesticmetals.com/news/domestic-metals-announces-closing-of-final-tranche-of-private-placement-and-announces-7-0-million-financing/" target="_blank" rel="noopener">In an April 14 release</a>, Domestic Metals announced the closing of the final tranche of a private placement. In this final tranche, the company issued 874,286 units at a price of CA$0.28 per unit, raising gross proceeds of CA$244,800.08. Across both tranches of the offering, a total of 12,079,791 units were issued, generating total gross proceeds of CA$3,382,341.48. The offering is pending final acceptance by the TSX Venture Exchange (TSXV). The net proceeds from this offering are intended to be used for general working capital as well as exploration and development costs. <h2 style="text-align: center;">Results Keep Getting Better, Co. Says</h2> The 2026 IP Geophysical survey at the Smart Creek Project revealed significant findings across multiple targets, indicating potential for extensive mineralization, the company said. The survey included a line approximately 350 meters west of historical data collected by Rio Tinto in 2021 at the Smart Creek Target that showed that the chargeability feature extends further west than previously known, marking it as a high-priority drill target with potential for porphyry copper style mineralization. At the Smart Creek Exotic Target, another line was added to infill the gaps from a 2021 Rio Tinto IP geophysical survey. This line revealed a 2.5-kilometer-long IP chargeability feature that runs northwest to southeast, extending from Smart Creek to the southern Smart Creek Exotic Targets. This newly identified feature, which extends west of previous historic drilling, represents another high-priority porphyry copper drill target for Domestic Metals. In a conversation with Streetwise Reports, Neal noted that the company's expert geologists told him, "They would not be surprised given what Rio's done and what they see in the geophysics and what they've seen in the sampling if we pulled 150 meters of 1.5% to 2% copper. It would not surprise them at all." Neal said even just the surface samples are showing "numbers I have never seen in my 35 years of soil sampling. It's crazy." He continued, "Every time we test it, it gives us results that are better than we expected," Neal said about the project during a company webinar with shareholders on April 14. "This doesn't happen very often." <h2 style="text-align: center;">'Montana History is Mining'</h2> <a href="https://www.distinctlymontana.com/modern-mining-montana" target="_blank" rel="noopener">According to Bryan Spellman writing for Distinctly Montana in 2024</a>, "Montana history is mining." John White discovered gold on Grasshopper Creek in 1862, a time when the area was part of the Dakota Territory. This discovery led to the establishment of the town of Bannack, which shifted through various territorial designations before Sidney Edgerton lobbied President Lincoln to create Montana Territory. Mining has been a central theme in Montana's identity, prominently featured on the state's Great Seal and flag with a miner’s shovel and pick and the motto "Oro Y Plata" (Gold and Silver). Mining has left its mark on nearly every corner of Montana, Spellman said. By 1911, the town of Butte, known as the Richest Hill on Earth, housed a quarter of the state's population. According to IBISWorld, in 2018, the mining sector contributed almost US$2 billion to Montana's GDP and employed over 12,000 people, he noted. Currently, active mining operations are spread across 29 of Montana’s counties, extracting 26 different minerals. The most commonly mined minerals are gold, silver, copper, lead, and zinc, with uranium also present in 11 counties, though no active uranium mines exist in Montana today. Some minerals are only mined in one or two counties, with platinum being extracted in just three. Gold mining, which initially spurred the rush of prospectors to Montana, continues to play a significant role in the state’s mining landscape, Spellman said. The Bureau of Land Management reports that there are 4,913 gold mines across Montana, with gold being the primary mineral in five of the ten counties with the most mines. Gold mining activities span 30 of Montana’s 56 counties. Despite the presence of large mining companies, many individuals still engage in mining, living as modern-day prospectors. <a href="https://www.fraserinstitute.org/studies/annual-survey-mining-companies-2025" target="_blank" rel="noopener">The Fraser Institute's latest survey of mining jurisdictions</a>, Montana scored a 69 on its Policy Perception Index, which measures the overall policy attractiveness of mining jurisdictions. According to the Fraser Institute, the index is based on survey responses about policy factors that affect investment decisions, including regulation, taxation, legal systems, infrastructure, political stability, security, labor regulations, and labor and skills availability. The company noted that local jurisdictions are also friendly. Domestic's spring drilling is fully permitted and getting new permits is "relatively quick," Geologist Advisor Alan Wainwright said during the company webinar on April 14. "The permits are relatively straightforward and not that time-consuming compared to other places I've worked in in western USA and parts of Arizona, for example, where it can take up to several years to get a permit for a drill hole," Wainwright noted. <h2 style="text-align: center;">Analyst: Buy 'Before the Drills Go Into the Ground'</h2> <img class="float_left" src="https://www.theaureport.com/images/auto_up/202641595106_ThomsonDomsticLongTermChart.png" alt="" width="780" height="553" />1<a href="https://www.streetwisereports.com/article/2026/02/08/a-drill-ready-montana-copper-project-with-impressive-price-targets.html?utm_medium=feed">Technical Analyst Stewart Thomson reviewed the stock on February 9</a> for Streetwise Reports, noting that "savvy junior mining stock investors know the most money is usually made, by buying before the drills go into the ground." Domestic Metals, with its four porphyries, is increasingly likely to see substantial results from its thorough exploration efforts, Thomson noted. The involvement of Rio Tinto, a company with substantial resources, could potentially bring the project to production, potentially resulting in significant gains for both Domestic Metals and its shareholders, he said. The company's prospects are reflected in its stock chart, which suggests a promising outlook when viewed long-term (at left), Thomson said. This broader perspective highlights significant price targets and a notable increase in trading volume — a positive sign given the project's scope, the favorable jurisdiction, and the company's competent management team. The anticipation of forthcoming positive news could propel the stock to a short-term target of CA$1. Should the potential of even one of the four porphyries be partially realized, reaching a medium-term target of CA$3.50 seems feasible. The stock's short-term technical indicators are also favorable, showcasing an exciting inverse Head & Shoulders pattern and an oversold condition on the 14,3,3 series Stochastics oscillator, Thomson said. A detailed examination of the daily chart reveals even more promising signs, with the 14,7,7 series Stochastic oscillator suggesting a significant rally could soon occur from the right shoulder low. This pattern points to a potential rise to the CA$0.60 zone, serving as an intermediate step towards the main target prices of CA$1 in the short term, CA$3.50 in the medium term, and CA$6.60 in the long term. "Critical metal copper, four porphyries, great management, a major league partner (Rio Tinto), a tier one jurisdiction, and all technical analysis lights are green!" Thomson said. "This makes the stock a Speculative Buy." <h2 style="text-align: center;">The Catalyst: A Significant Shift in Copper Demand</h2> Copper price forecasts, crucial for mining investment decisions, have surged by about 60% since 2020, reflecting a robust future for the metal, <a href="https://www.mining.com/copper-outlook-strengthens-as-long-term-assumptions-climb/">as reported by Mining.com on April 13</a>. Research from the Chilean consultancy Plusmining, which analyzed over 300 studies from 2015 to 2026, showed that base-case copper price estimates rose from around US$3 per pound in 2015-2020 to approximately US$4.80 per pound by early 2026. Despite inflation adjustments, these projections are still about 28% higher in real terms compared to 2020, yet they remain below current spot prices and within historical norms. Andrés González, head of Mining Industry Analysis and the study's author, noted, "These patterns suggest companies are not materially over-optimistic, despite raising their long-term expectations," emphasizing that the assumptions are based on observable market benchmarks rather than short-term fluctuations. The report highlights a significant shift in copper demand due to the global move towards renewable energy, with increased needs from electric vehicles, renewable energy systems, power grids, and data centers. This demand surge is expected to outpace supply, creating a structural deficit in the industry, exacerbated by challenges such as declining ore grades and complex project development processes. The average lead time from discovery to production for mining projects is 17 years, indicating that projects approved now will not produce significant output until the 2040s. Recent operational issues at major mines like Grasberg, Kamoa-Kakula, and El Teniente in 2025 have already strained supplies, pushing London Metal Exchange copper prices above $6 per pound in early 2026. González highlighted, "The implications for supply are significant," pointing out that projects previously deemed uneconomic are being reassessed and sidelined assets are re-entering development stages. This has led to increased capital investment as producers aim to secure future copper resources. [OWNERSHIP_CHART-11313] In related news, <a href="https://www.reuters.com/world/americas/middle-east-war-drives-up-codelco-copper-costs-chile-2026-04-13/">Fabian Cambero of Reuters reported</a> that despite cost increases due to the Middle East conflict, Codelco, the world's top copper producer, is on track to meet its 2026 production targets. Codelco's Chairman Maximo Pacheco confirmed the company's plans to produce 1.344 million metric tons of copper this year, aiming to increase to 1.7 million tons by 2030. The conflict has raised Codelco's cash costs by at least 10 cents per pound, a significant amount according to Pacheco. He also mentioned that operational continuity is a major industry challenge, although Codelco has mitigated some impacts by securing a year's supply of sulfuric acid before prices rose. Despite a production dip in the first quarter due to maintenance, output levels remained within expected ranges. <h2 style="text-align: center;">Ownership and Share Structure2</h2> About 16% of the company is held by insiders and management. The rest is retail. Director David Reid is the top shareholder with 7.58%. Its market cap is CA$23.13 million with 60.07 million shares outstanding. It trades in a 52-week range of CA$0.13 and CA$0.41. <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>Domestic Metals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Domestic Metals Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on February 9, 2026 <ol> <li>For the quoted article (published on February 9, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports US$3,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> <ol start="2"> <li>Ownership and Share Structure Information</li> </ol> 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=30970"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30970" width="0" height="0"> ( Companies Mentioned: DMCU:TSX; DMCUF:OTCQB; 03E0:FSE, ) DMCU:TSX; DMCUF:OTCQB; 03E0:FSE Wed, 15 Apr 2026 00:00:00 PST Gold Co. Strikes Colossal Gold Intersection at Silver Hills, NC https://www.streetwisereports.com/article/2026/04/15/gold-co-strikes-colossal-gold-intersection-at-silver-hills-nc.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/gold-co-strikes-colossal-gold-intersection-at-silver-hills-nc.html?utm_medium=feed">Bob Moriarty 04/15/2026</a> Bob Moriarty of 321gold.com shares his thoughts on Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE) after their recent drill results.In January of this year,<a href="http://www.321gold.com/editorials/moriarty/moriarty011326.html" target="_blank" rel="noopener"> I introduced my audience </a>to an incredibly promising fledgling company with a pair of ventures in North Carolina offering enterprise-transforming possibilities. Recently unveiled drilling outcomes suggest they have already achieved a grand slam. When I composed the article three months prior, my intention was to enlighten my readers about the underlying narrative. I believe that was effective. However, evidently, the ultimate verifier is the drill bit. On April 14, the company, Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE), <a href="https://www.metalsourcemining.com/20260413-metalsource-mining-intersects-48-04-g-t-aueq-over-12-62m-including-210-72-g-t-aueq-over-2-74m-extends-mineralization-down-dip-195m-continues-to-expand-gold-silver-and-base-metal-mineralization" target="_blank" rel="noopener">unveiled scorching results</a> that propelled the stock price from a previous day's close of CA$1.60 to an intraday peak of CA$2.29, representing a 43% surge. Rationality prevailed, and the stock experienced a sharp decline before stabilizing at CA$1.85, still reflecting a 15% increase for the day. Drill hole SP26-07 encountered 12.62m grading 48.04 grams per tonne gold equivalent (g/t AuEq), which included 6.95m at 85.4 g/t AuEq and 2.74m at a staggering 210.72 g/t AuEq. This equates to over 600 grams/meters and would rank among the most impressive drill holes for any enterprise with any project. I inquired with the company's president to provide more details about their ongoing drilling campaign. I am aware they secured CA$7 million in funding and have finished 15 holes, but he has not responded to me yet. Undoubtedly, they require many more holes before establishing a "43-101 resource", but hole 07 has established a remarkably high standard. This is a company-altering hole over a recognized resource. With a market capitalization of a mere CA$115 million, it remains undervalued, but we necessitate the disclosure of additional drill holes. <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>Bob Moriarty: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: Metalsource Mining Inc. 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">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=30968"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30968" width="0" height="0"> ( Companies Mentioned: MSM:CSE;SFRIF:OTC;E9Z:FSE, ) Wed, 15 Apr 2026 00:00:00 PST New District-Scale Survey Targets Expansion Across 65-Kilometre Gold Trend https://www.streetwisereports.com/article/2026/04/15/new-district-scale-survey-targets-expansion-across-65-kilometre-gold-trend.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/new-district-scale-survey-targets-expansion-across-65-kilometre-gold-trend.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) has launched an airborne geophysical survey at its Clarence Stream project in New Brunswick.<a href="https://www.streetwisereports.com/pub/co/517?utm_medium=feed" target="_blank" rel="noopener">Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB)</a> announced <a href="https://wp-galwaymetalsinc-2023.s3.ca-central-1.amazonaws.com/media/2026/04/GWM_Corporate_Presentation_April-01042026-1.pdfhttps://wp-galwaymetalsinc-2023.s3.ca-central-1.amazonaws.com/media/2026/04/GWM_Corporate_Presentation_April-01042026-1.pdf" target="_blank" rel="noopener">the commencement of a district-scale airborne geophysical survey program at its 100%-owned Clarence Stream high-grade gold project in New Brunswick, Canada.</a> The company announced that the program includes multiple survey components designed to support exploration targeting and expand geological understanding. The Resolve electromagnetic survey is intended to improve near-surface targeting by covering known deposits and extending across the structural trend to identify extensions of mineralization and new deposit-scale targets when integrated with existing VLF coverage. The HeliTEM electromagnetic survey is focused on known deposits to better understand the system at depth and identify potential depth extensions of mineralization. The program also includes systematic district-scale geophysical coverage across the project to support the identification of new targets along strike and beyond currently defined zones. The surveys are being conducted by Xcalibur Smart Mapping. Galway stated that the approach builds on prior geophysical work over the Southwest Deposit, where similar surveys mapped the footprint of mineralization as defined by drilling. The current program is designed to extend this work across the broader project by systematically surveying known deposits to establish a geophysical signature of mineralization and apply that understanding across a 65-kilometer prospective structural corridor. <a href="https://wp-galwaymetalsinc-2023.s3.ca-central-1.amazonaws.com/media/2026/04/GWM_Corporate_Presentation_April-01042026-1.pdf" target="_blank" rel="noopener">Rob Hinchcliffe, President and CEO of Galway Metals, stated in a company news release, </a>"This program is an important step as we continue to advance Clarence Stream on multiple fronts. With four drills currently turning, a resource update expected in the near term, and a PEA planned for later this year, we are building strong momentum across the project." Jason Flight, Vice President of Exploration, explained in a company news release that the program "represents the next step in advancing the project at a district scale" and added that the integration of high-resolution magnetics with shallow and deep-penetrating surveys is aimed at filling gaps in coverage and expanding geophysics across the broader trend. Galway Metals further said that the Resolve survey is expected to refine shallow electromagnetic anomalies and enhance structural resolution, while the HeliTEM survey is designed to map structural architecture at depth and identify potential extensions of mineralization beneath known deposits and along untested corridors. By integrating these datasets, the company aims to transition to a district-scale exploration model and expand its pipeline of drill targets. <h2 style="text-align: center;">Gold Prices React to Geopolitics While Structural Demand and Supply Pressures Shape the Sector</h2> <a href="https://www.kitco.com/news/article/2026-04-13/price-pressure-gold-silver-inflation-worries" target="_blank" rel="noopener">Kitco News reported on April 13 that geopolitical developments and inflation concerns were contributing to near-term volatility in precious metals pricing</a>. The report stated that "gold and silver prices are lower in early U.S. trading Monday" as failed peace talks between the U.S. and Iran "have reignited worries about problematic inflation weighing on global demand for gold and silver." It also noted that June gold futures were down US$43.00 at US$4,744.10, while silver prices declined alongside broader market reactions to energy price movements and geopolitical uncertainty. <a href="https://www.mining.com/op-ed-how-gold-became-national-security-infrastructure/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=8e0c6bb3af-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-8e0c6bb3af-606677560" target="_blank" rel="noopener">An April 12 op-ed by David Zaikin described structural demand trends shaping the gold market,</a> noting that "central banks purchased 863 tonnes in 2025, the fourth consecutive year above 850 tonnes." The piece characterized this activity as part of a broader shift in reserve management, stating that "this is not a speculative rally. It is a structural reallocation by sovereign and institutional buyers." The article also highlighted the role of geopolitical risk in shaping demand, stating that "gold is now part of the national security infrastructure of sovereign states," with central bank accumulation and repatriation reflecting changing views on reserve asset security. <a href="https://vblgoldfix.substack.com/p/china-bans-acid-exports-to-preserve?utm_source=post-email-title&publication_id=456345&post_id=194053169&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In an April 13 update from VBL, supply chain disruptions tied to the Iran conflict extended into industrial inputs critical to mining operations. </a>The report stated that China was preparing to halt sulfuric acid exports, noting that "the move follows a surge in sulfuric acid prices driven by supply disruptions linked to the closure of the Strait of Hormuz." It further explained that sulfuric acid "is also essential for certain copper extraction processes," highlighting how constraints in related commodity markets were affecting mining and metals supply chains. Analysts cited in the report stated that "replacing Chinese volumes will be difficult given simultaneous shortages in upstream sulfur feedstocks," contributing to ongoing cost pressures across the sector. <h2 style="text-align: center;" data-start="2636" data-end="2675">Project Milestones and Ongoing Work</h2> <a href="https://wp-galwaymetalsinc-2023.s3.ca-central-1.amazonaws.com/media/2026/04/GWM_Corporate_Presentation_April-01042026-1.pdf" target="_blank" rel="noopener">According to the company's April 2026 investor presentation,</a> four drill rigs are currently operating at Clarence Stream, with drilling focused on expanding the current resource and improving geological understanding. Two drill rigs are operating at the South Deposit, one is drilling at the Southwest Deposit, and a fourth rig was added in March to focus on new discoveries. The company reported that metallurgical testing programs are ongoing across the project. Testing has indicated gold recoveries of up to 98% in the Southwest Deposit, and the company stated that metallurgical work is aimed at optimizing a 25-million-pound antimony resource. The presentation also noted that recoveries of up to 98% have been achieved for both gold and antimony. A new mineral resource estimate is underway and is expected to be completed in the second quarter of 2026. The update is expected to include all infill and resource expansion drilling conducted since 2022 across the North, South, and Southwest deposits, including approximately 69,556 meters of drilling from 342 holes. Galway also outlined ongoing and planned engineering and economic work, including pit optimization studies across all three deposits, scoping-level pit designs, preliminary life-of-mine pit scheduling, and the preparation for a preliminary economic analysis. At the Estrades Project in Quebec, the company reported that a preliminary economic assessment has been released and that plans over the next 12 months include continued project optimization. Phase I of the work program under the DOWA joint venture term sheet includes exploration drilling planned for June 2026, additional metallurgical testing, and baseline studies expected to begin in the spring of 2026. <section class="text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-(--header-height)" dir="auto" data-turn-id="88aa2b2f-c719-4247-a2d7-9bb0b387dede" data-testid="conversation-turn-11" data-scroll-anchor="false" data-turn="user"></section> <section class="text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&:has([data-writing-block])>*]:pointer-events-auto [content-visibility:auto] supports-[content-visibility:auto]:[contain-intrinsic-size:auto_100lvh] R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:f1472dba-5a12-441e-a7a8-d9d8dd930e34-7" data-testid="conversation-turn-12" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="48af5e23-f8c3-46ca-95cb-7a3bdab53f89" data-message-model-slug="gpt-5-3" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="27">Analyst Sees Significant Valuation Gap With CA$2.20 Target and Buy Rating</h2> <a href="https://www.streetwisereports.com/article/2026/02/18/metals-co-s-dual-project-strategy-positions-it-for-major-re-rating-analyst-says.html?utm_medium=feed" target="_blank" rel="noopener">In a February 18 research report, Red Cloud Securities analyst Ron Stewart initiated coverage of the company, stating it had a "Buy rating and a 12-month price target of CA$2.20 per share." </a>He wrote that "the market has significantly undervalued" the company's primary assets, referring to the Clarence Stream gold-antimony project and the Estrades gold-base metal project. Stewart also outlined valuation metrics, stating that the company "traded at an enterprise value of just US$15.60 per gold-equivalent ounce, compared to a peer group median of US$68 per ounce and average of US$136 per ounce." He further noted that the company's "price-to-NAV multiple of 0.29x also compares to a peer group average of 0.35x." [OWNERSHIP_CHART-517] The report detailed asset-level valuations, stating that Clarence Stream was "valued at CA$208 million (CA$1.62 per share)" and Estrades at "CA$68 million (CA$0.53 per share)," contributing to a total corporate net asset value of "CA$282 million, or CA$2.20 per share." </div> </div> </div> </div> </div> </div> </section> <div class="mt-3 w-full empty:hidden"> <div class="text-center"> <h2 style="text-align: center;">Ownership and Share Structure1</h2> Insiders hold 7.31% of Galway, including 6.62% held by CEO Rob Hinchcliffe. Institutional ownership totals 18.52%, led by Van Eck Associates Corp. at 4.45%, Caisse de dépôt et placement du Québec at 3.33%, and Mackenzie Investments at 3.27%. The remainder of the shares are held by retail investors. Galway has 125.76 million shares outstanding and a market capitalization of CA$90.11 million. The company's 52-week trading range is CA$0.32 to CA$1.01 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div>Important Disclosures:<ol> <li>Galway Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Galway Metals Inc.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30965"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30965" width="0" height="0"> ( Companies Mentioned: GWM:TSX.V; GAYMF:OTCQB, ) GWM:TSX.V; GAYMF:OTCQB Wed, 15 Apr 2026 00:00:00 PST Exploration Co. Finds Extensive Gold Stockwork in Argentina https://www.streetwisereports.com/article/2026/04/15/exploration-co-finds-extensive-gold-stockwork-in-argentina.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/exploration-co-finds-extensive-gold-stockwork-in-argentina.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Orestone Mining Corp. (ORS:TSXV; ORESF; OTC; O2R2:FSE) outlines broad, mineralized gold zones at Francisca, highlighting potential for major exploration upside.<a href="https://www.streetwisereports.com/pub/co/3986?utm_medium=feed" target="_blank" rel="noopener">On April 14, 2026, </a><a href="https://www.streetwisereports.com/pub/co/3986?utm_medium=feed" target="_blank" rel="noopener">Orestone Mining Corp. (ORS:TSXV; ORESF; OTC; O2R2:FSE)</a> <a href="https://orestone.ca/news/2026/" target="_blank" rel="noopener">announced in a press release</a> that it has completed the Phase 1 exploration program of its Francisca Gold Project in Argentina's Salta Province. The company said, "Mapping and sampling at Francisca has outlined a strongly sericite clay altered gold stockwork system in highly limonitic sericite-clay altered feldspar porphyry and hornfels hosted gold stockwork system." Mapping results of the South Gold zone indicate a stockwork width from 40-70 meters, averaging 50 meters along a 400-500-meter strike length. The press release said, "The zone consists of highly sericite clay altered porphyry and hornfels host rocks cut by a dense stockwork of thin light brown limonite veinlets with thin dark quartz vein centers and thicker dark limonite quartz veins that are both vertical and shallow dipping." At the North Gold zone, the company believes it has found three, sub parallel en-echelon, highly altered and mineralized zones, averaging 40-50 meters in width, with individual strike lengths of 100-150 meters. The two mapped North zones contain sericite altered quartz manganese stockworks. The company collected a total of 675 samples, which varied from 1 to three meters in length, that will be analyzed by fire assay for gold and ICP for 39 multi-element analysis. Orestone is a Canadian company, and its portfolio includes exposure to gold, silver, and copper on properties in Canada and Argentina. The company can earn up to 85% interest in the Francisca property, noting that exploration can be conducted all year and that the area has good infrastructure due to other mining projects. <h2 style="text-align: center;">Gold's Slight Rebound</h2> Amid a chaotic few weeks for the gold market, easing international tensions and interest rates staying lower than expected, the U.S. dollar has weakened, improving the price of gold. <a href="https://www.kitco.com/news/article/2026-04-14/gold-price-testing-4800-resistance-softer-inflation-easing-tensions-weigh" target="_blank" rel="noopener">An article by Neils Christensen for Kitco </a>on April 14 cited Head of Business at XS.com, Simon-Peter Massbni, saying, ". . . the U.S. dollar index has fallen to a six-week low and is testing initial support at 98 points. . . the greenback is seeing renewed selling pressure due to growing expectations that the U.S. and Iran will reach a long-term peace deal, even as initial negotiations have struggled." Massabni argued that the medium-term future of the dollar will depend on U.S. monetary policy coming out of the Federal Reserve and whether meaningful peace talks between the U.S. and Iran can take place. "Gold remains in a consolidation phase, caught between its role as a safe-haven asset and the pressures of a high-interest-rate environment and a strong dollar," Massabni said. <a href="https://finance.yahoo.com/markets/commodities/articles/gold-rises-traders-weigh-renewed-072904572.html" target="_blank" rel="noopener">Bullion rose 2.1% to US$4,841.31 per ounce on April 14</a>. This is an improvement from <a href="https://tradingeconomics.com/commodity/gold/news/541146" target="_blank" rel="noopener">Monday the 12, when President Trump announced his intention to blockade the Strait of Hormuz</a> after failed negotiations with Iran. This 2.1% rebound has some investors less shaky, but still ". . . despite a moderate recovery in recent weeks, bullion has still fallen around 10% since the start of the conflict in late February. A liquidity squeeze in the earlier days of fighting saw investors offloading their gold holdings to cover losses elsewhere," <a href="https://finance.yahoo.com/markets/commodities/articles/gold-rises-traders-weigh-renewed-072904572.html" target="_blank" rel="noopener">wrote Yihui Xie for Bloomberg on April 14, 2026.</a> <h2 style="text-align: center;">First Analyst Price Target Already Met</h2> 1In <a href="https://www.streetwisereports.com/article/2026/03/16/gold-and-copper-discovery-targets-on-two-continents-could-drive-the-next-move.html?utm_medium=feed" target="_blank" rel="noopener">a March 16, 2026, contributed technical analyst opinion for Streetwise Reports</a>, John Newell of John Newell & Associates gave Orestone a 'Speculative Buy' rating, noting that the stock had achieved its previous price target of CA$0.15. Newell has set the second target at CA$0.23 and the third target at CA$0.40. Regarding the company's projects, Newell discussed the Captain target in British Columbia and the Francisca target in Argentina, saying, "Because these projects are located in opposite hemispheres, exploration programs can often advance in one jurisdiction while seasonal conditions slow activity in the other. This creates the potential for more consistent exploration progress and year-round catalysts, something investors often look for in junior discovery stories." [OWNERSHIP_CHART-3986] Newell concluded his opinion with this: "With gold and copper markets strengthening and exploration programs advancing, Orestone is a company worth watching in the junior exploration sector." <h2 style="text-align: center;">Further Exploratory Drilling Planned</h2> Further information regarding additional prospecting and mapping results to the north and south of the known gold-silver zones on the Francisca property will be released in the near future. Regarding the Captain gold porphyry property, <a href="https://orestone.ca/site/assets/files/4039/orestone_mining_corp__presentation_1q26.pdf" target="_blank" rel="noopener">Orestone said</a> that the next phase of exploration will be to drill 2-3 1,000-meter holes into the center of the large MT geophysical conductor. <h2 style="text-align: center;">Ownership & Share Information2</h2> Orestone Mining Corp. has a market cap of CA$7,504,288 million, with 106,993,563 shares outstanding. The company's 52-week range is CA$0.04-CA$0.175. Institutions own 8.13% of shares, while Management & Insiders own 8.00%. The remaining 83.87% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> Important Disclosures:<ol> <li>Orestone Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Orestone Mining Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the John Newell article published on March 16, 2026. <ol start="1" type="1"> <li>For the quoted article (published on March 16, 2026, Orestone Mining Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</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. For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30963"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30963" width="0" height="0"> ( Companies Mentioned: ORS:TSXV;ORESF;OTC;O2R2:FSE, ) ORS:TSXV;ORESF;OTC;O2R2:FSE Wed, 15 Apr 2026 00:00:00 PST Mining Co. Uncovers 150m Gold Structure at Treasure Island's Moosehead Zone https://www.streetwisereports.com/article/2026/04/15/mining-co-uncovers-150m-gold-structure-at-treasure-islands-moosehead-zone.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/mining-co-uncovers-150m-gold-structure-at-treasure-islands-moosehead-zone.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Pirate Gold Corp. (YARR.TSX.V) reports findings from its Treasure Island project in Newfoundland. Pirate Gold Corp. (YARR.TSX.V) has reported high-grade gold findings from the Moosehead Zone and the discovery of the Rib Vein at the Treasure Island project, which spans over 90 kilometers of strike along the Valentine Lake Fault Zone in Canada's newest gold district in Newfoundland, <a href="https://www.pirategold.ca/news/pirate-gold-intercepts-65-1-g-t-au-over-3-25m-in-new-rib-vein-discovery-at-moosehead" target="_blank" rel="noopener">according to an April 13 release</a>. "The discovery of a new high-grade vein structure at the Moosehead Zone exemplifies the potential to expand the mineralized footprint at shallow depths," said Vice President of Exploration Greg Matheson. He noted that while much of the known mineralization occurs in the Eastern and Western trend faults oriented to the northwest, the new linkage structure connecting the two zones can occur oblique to this orientation, opening a new exploration frontier. With sixteen drill holes now defining a 150-meter-long and 90-meter-deep vein domain, the continuity of this structure is quite strong. "It's very early days in understanding the structural complexity of this type of orogenic system," Matheson added. Pirate Gold Executive Chair and Chief Executive Officer Denis Laviolette remarked, "This is exactly what you want to see in a high-grade system. The Rib Vein confirms that gold at Moosehead isn't limited to a single structure. We're now starting to unlock multiple orientations, which is how these systems scale." The recent drilling program has yielded a variety of results across different targets, according to the release. Drill hole PGC-25-014, which tested a regional geophysical target, intersected a deformation zone but did not produce significant gold assay results. In contrast, PGC-25-013, aimed at the northern extension of the Western Trend, intersected a structural zone and returned significant gold assays, including 1.9 grams per tonne (g/t) over 1.15 meters, with a peak of 3.06 g/t over 0.45 meters. Drill holes PGC-26-015, PGC-26-017, and PGC-26-018 targeted the northern extension of the Eastern Trend, with all three intersecting the expected structural zone. Notably, PGC-26-017 reported 1.51 g/t of gold over 1.45 meters. Meanwhile, PGC-25-010 and PGC-26-016, 019, and 022A tested other regional geophysical targets. PGC-25-010 intersected pyrite mineralization at depth, yielding 1.15 g/t over 0.4 meters, while the other holes encountered strong fault zones but did not produce significant gold results. Drilling efforts targeting the Moosehead western trend and the newly discovered Rib Vein, including PGC-26-020, 021, 023, and 028, showed promising results. Highlights from the Rib Vein include PGC-26-021 with 5.17 g/t over 2 meters, including 9.24 g/t over 0.65 meters, and PGC-26-023 with 13.8 g/t over 1.30 meters, including 28.7 g/t over 0.6 meters. PGC-26-028 reported an impressive 65.1 g/t over 3.25 meters, with a peak of 309.5 g/t over 0.65 meters. Drill holes PGC-25-009, 011, 012, and PGC-26-026, 024 targeted the depth extension of the Western Trend. All intersected the Western Trend structure, with visible gold mineralization noted in PGC-25-011, 012, and PGC-26-026. Significant assays included PGC-25-011 with 3.28 g/t over 1.4 meters, PGC-25-012 with 3.54 g/t over 0.9 meters, and PGC-26-026 with 8.33 g/t over 1 meter. Lastly, PGC-26-025 and 027 targeted a southern segment of the Eastern trend, intersecting the fault structure with limited veining and anomalous gold results, while PGC-26-029 was terminated before reaching its target depth. <h2 style="text-align: center;">Three Diamond Drills Turning</h2> The Treasure Island Project is currently advancing with three diamond drills in operation, Pirate Gold noted. Two of these drills are focused on the Crippleback target, while the third is active at the Moosehead Zone. The company advises that while visible gold mineralization has been observed, it does not necessarily indicate high gold assay grades. Samples from the drill core have been or will be sent to a certified laboratory for gold content analysis, and assay results will be shared once they are available. It is important to note that all intervals mentioned are downhole depths, and the true widths are not yet determined, the company said. The discovery of the Rib Vein, which connects the Eastern and Western trends, has returned impressive results, including up to 65.1 g/t of gold over 3.25 meters. Follow-up drilling has traced the vein over approximately 150 meters of strike and 90 meters vertically, confirming its continuity and indicating that it remains open at depth. <h2 style="text-align: center;">Expert: 'Wonderful Numbers'</h2> According to Bob Moriarty of 321gold.com, "For some reason a number of high quality shares are releasing really great assay results lately. Lucky me, I happen to own some of them." Moriarty noted the "incredible" 65.1 g/t gold assay, saying that it's over 211 gram/meters, "Which makes it a home run hole." "Those are wonderful numbers," he told Streetwise Reports. "Two-ounce gold is pretty rare much less over a nice mining width." <h2 style="text-align: center;">A 'Treasure Hunting' Spirit</h2> CEO Laviolette <a href="https://www.proactiveinvestors.co.uk/companies/news/1090533/blackrock-q1-earnings-beat-expectations-driven-by-record-ishares-inflows-1090533.html" target="_blank" rel="noopener">recently spoke with Angela Harmantas of Proactive</a> at the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, where he shared updates on the company's Treasure Island project in Newfoundland. He also announced the launch of a significant drilling program aimed at discovering gold in one of Canada's most promising emerging districts. Laviolette described Pirate Gold Corp's approach as embodying a "treasure hunting" spirit, viewing exploration as a blend of science and calculated risk. "We follow the clues... and then test our theories to see if we could find buried treasure," he explained, highlighting the disciplined geological strategy that guides the company's efforts. Treasure Island is situated in Newfoundland, which Laviolette believes has the potential to become a world-class orogenic gold district, Harmantas wrote. He pointed out the similarities between the company's Moosehead project and other major discoveries in the region, noting that "the rocks are the same... the style of veining is identical, the grades are identical." Although Moosehead is currently at an early stage, the company is focused on expanding known zones through systematic drilling. With active drilling underway, Pirate Gold Corp aims to test multiple targets and increase the project's scale, Harmantas said. Laviolette emphasized that the company is well-funded and ready to aggressively pursue discovery opportunities. He also highlighted Pirate Gold Corp's commitment to transparency, which includes providing regular video updates for investors. "We want people to understand the clues that we're putting together," he said, noting that consistent communication can help build a stronger and more stable shareholder base. <a href="https://stockhouse.com/news/the-market-online-news/2026/04/13/x-marks-spot-pirate-gold-discovers-new-vein-newfoundland" target="_blank" rel="noopener">According to Trevor Abes, reporting for Stockhouse on April 13</a>, the company also keeps the market up to date through a YouTube series called "Pirate Gold Treasure Hunters." You can <a href="https://www.youtube.com/watch?v=0707Ww90PlI" target="_blank" rel="noopener">click here</a> to watch episode 9, which covers Monday's news release. <h2 style="text-align: center;">The Catalyst: Market Hopes for More War Negotiations</h2> On Monday, gold prices declined as investors shifted their focus towards riskier equities, despite the U.S. implementing a blockade of the crucial Strait of Hormuz, <a href="https://www.investing.com/news/commodities-news/gold-prices-fall-as-usiran-jitters-strong-inflation-boost-dollar-4609207" target="_blank" rel="noopener">according to Anuron Mitra writing for Investing.com on April 13</a>. The market's risk appetite was bolstered by hopes for continued negotiations, even though peace talks over the weekend did not yield any agreements. By 3:55 pm ET, spot gold had decreased by 0.1% to US$4,745.13 per ounce, while gold futures fell by 0.4% to US$4,768.07 per ounce. President Donald Trump confirmed that the blockade of the Strait of Hormuz began at 10 a.m. ET, also on Monday, as previously indicated by the U.S. military. This blockade affects vessels entering or leaving Iranian ports and coastal areas. However, the Pentagon clarified that ships not destined for or departing from Iranian ports would still be allowed to pass through the strait. Trump mentioned that 34 ships had navigated the strait on Sunday, marking "by far the highest number since this foolish closure began." The blockade was announced by Trump on Sunday, following 21 hours of negotiations between the U.S. and Iran in Pakistan, which ended without an agreement to extend a two-week pause in hostilities. Initially, oil prices surged above US$100 a barrel on Monday, but later reduced their gains. The ongoing conflict in the Middle East has sparked concerns about a potential energy shock, which could lead to increased inflationary pressures globally. On Friday, data revealed a sharp acceleration in U.S. consumer price growth in March, primarily driven by a war-related rise in gasoline prices. Additional inflation data is expected to be released later this week. Gold, traditionally seen as a reliable hedge against market downturns, is no longer fulfilling that role and is now acting as a high-beta asset, according to Robin Brooks, a Senior Fellow at the Brookings Institution, <a href="https://www.kitco.com/news/article/2026-04-13/gold-high-beta-asset-and-its-safe-haven-status-now-compromised-brookings" target="_blank" rel="noopener">as reported by Ernest Hoffman for Kitco News on April 13</a>. In his recent analysis, Brooks, who is also a former chief economist at the Institute of International Finance and chief FX strategist at Goldman Sachs, argues that gold is currently amplifying market selloffs rather than mitigating them. He noted that during the past six weeks of conflict, gold has dropped by 10%, a much steeper decline than the S&P 500, which has fallen by less than 1%. Brooks points out, "You're not much of a risk hedge if you sell off harder than the S&P 500 in a bad shock. You're the opposite." Brooks explores several theories to explain gold's recent behavior. One theory suggests that emerging market central banks have sold off gold holdings during the recent turmoil, but Brooks clarifies that this is primarily true for Turkey, which sold 128 tons to bolster foreign exchange reserves and defend the Lira, according to Hoffman. He describes Turkey as an outlier, noting that most other emerging markets have abandoned such practices.[OWNERSHIP_CHART-11576] Another theory Brooks discusses is the "debasement trade," which refers to the significant rally in gold over the past year that attracted many new buyers, the article said. These buyers, he suggests, may be more prone to panic during market shocks, contributing to gold's current high-beta behavior. Brooks believes that once these skittish investors exit the market, gold will likely return to its status as a safe-haven asset. He concludes, "So safe-haven status isn't gone forever, it's just contaminated at the moment." <h2 style="text-align: center;">Ownership and Share Structure1</h2> Eric Sprott-owned 2176423 Ontario Ltd. holds about 25%, about 8% is held by insiders and management, and about 1% is held by institutions. The rest is retail. Other top shareholders include Sprott, who owns 3.69% in his own name; the CEO, Laviolette, with 2.82%; Middlefield Capital Corp. with 0.98%, Catherine Hume with 0.46%, and Timothy Foude with 0.32%. Its market cap is CA$94.19 million with 392.45 million shares outstanding. It trades in a 52-week range of CA$0.03 and CA$0.39. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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=30962"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30962" width="0" height="0"> ( Companies Mentioned: YARR.TSX.V, ) Wed, 15 Apr 2026 00:00:00 PST Canadian Hydrogen Co. Unveils High-Output Natural Hydrogen Tech https://www.streetwisereports.com/article/2026/04/15/canadian-hydrogen-co-unveils-high-output-natural-hydrogen-tech.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/canadian-hydrogen-co-unveils-high-output-natural-hydrogen-tech.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Element One Hydrogen & Critical Minerals Corp.'s (EONE:CSE) breakthrough tech could boost output 1,000x, positioning natural hydrogen as a low-cost clean energy alternative.<a href="https://www.streetwisereports.com/pub/co/11547?utm_medium=feed" target="_blank" rel="noopener">Element One Hydrogen & Critical Minerals Corp. (EONE:CSE)</a> announced <a href="https://e1-h2.com/element-one-advances-patent-pending-technology-for-real-time-hydrogen-production-from-naturally-occuring-rock-systems/" target="_blank" rel="noopener">on April 14, 2026</a>, its proprietary, patent-pending technology that can enhance real-time hydrogen production from naturally occurring rock systems. This technology, called Natural Hydrogen Emulation, focuses on the in-situ formation of spinel oxide catalysts derived from metal-bearing rocks, such as olivine. The process leverages naturally occurring iron and nickel within ultramafic and mafic rock formations, enabling the formation of highly active catalytic materials that can accelerate hydrogen formation via water-rock relations. <a href="https://fuelcellsworks.com/2026/02/26/education/how-natural-hydrogen-hiding-deep-in-the-earth-could-serve-as-a-new-energy-source" target="_blank" rel="noopener">According to Fuel Cells Works in a February 26, 2026, report</a>, "Natural hydrogen originates from several geological processes. The most well‑studied mechanism is serpentinization, a reaction where water interacts with iron‑rich rocks known as ultramafics, releasing hydrogen gas." Another process is thermogenic hydrogen formation, where hydrogen and other gases are produced when organic material decays under high heat and pressure. Element One's technological approach could sidestep these processes, facilitating <a href="https://e1-h2.com/element-one-advances-patent-pending-technology-for-real-time-hydrogen-production-from-naturally-occuring-rock-systems/" target="_blank" rel="noopener">". . . real-time hydrogen generation at moderate temperatures and pressures, opening the door to more practical and economically viable deployment</a>." The company reported that laboratory testing had shown that nickel-doped spinel catalysts could increase hydrogen production by more than 1,000 times compared to traditional iron-based systems. When the company combined this technology with olivine-derived fluids, further enhancements to the product were observed. <a href="https://e1-h2.com/element-one-advances-patent-pending-technology-for-real-time-hydrogen-production-from-naturally-occuring-rock-systems/" target="_blank" rel="noopener">COO of Element One, Tim Johnson, said of the announcement</a>, "This breakthrough represents a major milestone in unlocking the potential of natural hydrogen. By creating catalysts directly from the rocks themselves, we are significantly improving reaction efficiency while reducing the need for external inputs. This positions Element One at the forefront of next-generation hydrogen production technologies." A Canadian company, Element One aims to explore, develop, and commercialize natural hydrogen as a green energy source. <h2 style="text-align: center;">Natural Hydrogen Gaining Potential as Clean Energy Source</h2> As a clean energy alternative, natural hydrogen could have the potential to replace or supplement oil and gas. In a conversation with Element One CEO Brad Kitchen on April 14, 2026, Kitchen told Streetwise Reports that natural hydrogen could be produced using their proprietary process for a fraction of the cost of oil and gas. When given the example of US$4.20 per gallon of gas, Kitchen asserted that the same amount of energy could be produced through natural hydrogen for US$0.50. In another example, Kitchen noted that data centers had risen the cost of energy in Cleveland, Ohio, by 30% in 2025, but natural hydrogen could solve this issue. If the product can be gathered and processed on location, which Kitchen seems optimistic about, independent energy could be generated in urban centers, run mines in remote places, or provide rural people with energy at a much lower cost. Due to the abundance of ultramafic rocks, which Kitchen said make up about 7% of the Earth, and the carbon friendly nature of getting natural hydrogen, Kitchen said, "There comes a point where it would make more sense to run the world on hydrogen than on oil and gas," before going on to say, "We're really the leading edge in this technology, and the big thing is it's not some brand-new discovery. It's simply creating natural hydrogen in real time." In June of 2025, reports were already coming out about the potential future of natural hydrogen. <a href="https://royalsociety.org/news/2025/06/natural-hydrogen/" target="_blank" rel="noopener">The Royal Society quoted Professor Barbara Sherwood Lollar CC, FRS, as saying</a>, "Hydrogen is already a US$135 billion industry and is a key component in critical industries such as fertilizer production. As the world searches for cleaner energy options, natural hydrogen could also offer a low-cost, low-carbon addition to our toolkit." Emerging technologies are making hydrogen a viable fuel for cars, planes, ships, and factories. Hydrogen demand around the world is projected to grow from around 90 million metric tons in 2022 to more than 500 million metric tons by 2050," <a href="https://fuelcellsworks.com/2026/02/26/education/how-natural-hydrogen-hiding-deep-in-the-earth-could-serve-as-a-new-energy-source" target="_blank" rel="noopener">said Fuel Cells Works</a>. The article went on to say, "The U.S. Geological Survey estimates there could be more than 5 trillion metric tons of geological hydrogen underground around the world. But only a small fraction of that is estimated to be recoverable, both technically and in terms of reasonable costs. However, even 2% of that total would be more than all proven natural gas reserves on the planet and enough to meet projected demand for the next 200 years, even accounting for increased consumption. In terms of price, Fuel Cells Works argued that the cost could be well worth the rewards: "Because geological processes already performed the production work, early estimates suggest that extraction costs could be one‑tenth the production costs for other traditional hydrogen generation techniques — or possibly even less than that." The scope for hydrogen uses and demands has the potential to expand into both commercial and private consumer industries. "At present, hydrogen demand is mostly from large industrial facilities like petroleum refineries and ammonia plants. Decarbonization efforts could create hydrogen demand from other large industrial buyers but also from smaller, local hydrogen-offtake ventures like vehicle fueling hubs," <a href="https://www.sciencedirect.com/science/article/abs/pii/S0360319925026655?via%3Dihub" target="_blank" rel="noopener">asserted a scientific research paper by Arnout JW. Everts, Jos Bonnie, and Ramon Loosveld for The International Journal of Hydrogen Energy</a> in June 2025. <h2 style="text-align: center;">Element One's Future Plans</h2> <a href="https://e1-h2.com/wp-content/uploads/2026/02/Element-One-Deck-January-2026-Canaccord-Presentation.pdf" target="_blank" rel="noopener">Element One's investor presentation</a> breaks down the company's next steps into three categories: targeting acquisitions, technologies, and development. The presentation lists the targeting acquisition plans as "... research into prospective areas in the continental U.S. outside of the Midcontinental hot spot, inspecting geologically modeled highly prospective areas near established oil and gas infrastructure, and assessing land acquisition and leasing costs. [OWNERSHIP_CHART-11547] As for technologies, the company lists ongoing development with a major U.S. university, exploring further technology for subsurface hydrogen, and garnering funding from various U.S. and Canadian research funds. In development, Element One is continuing exploration on key projects to design drill sites and actively seeking strategic partners for exploration and development. Element One will be implementing field testing of its new technology in the very near future. <a href="https://e1-h2.com/project/union-bay-project/" target="_blank" rel="noopener">Element One's current projects</a> encompass the Foggy Mountain Project, the Star Project, and the HY Project in British Columbia, as well as the Union Bay Project in Alaska. In an April 14, 2026, conversation with Streetwise Reports, CEO Brad Kitchen said, "We're hoping to do field tests on this technology this summer," in reference to today's announcement. <h2 style="text-align: center;">Ownership & Share Information1</h2> Element One Hydrogen & Critical Minerals Corp. has a market cap of CA$7.0 million, with 47 million shares outstanding. The company's 52-week range is CA$0.085-CA$0.32. Management and Insiders own 26.1% of shares, while Strategic Investors own 56.3%. This leaves 17.6% of shares as Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Element One Hydrogen & Critical Minerals 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 Element One Hydrogen & Critical Minerals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 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=30955"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30955" width="0" height="0"> ( Companies Mentioned: EONE:CSE, ) Wed, 15 Apr 2026 00:00:00 PST Bonanza Gold Hits Up to 215 g/t From Untouched Zone as Drilling Expands at Depth https://www.streetwisereports.com/article/2026/04/13/bonanza-gold-hits-up-to-215-g-t-from-untouched-zone-as-drilling-expands-at-depth.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/bonanza-gold-hits-up-to-215-g-t-from-untouched-zone-as-drilling-expands-at-depth.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> West Red Lake Gold Mines Ltd. (WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE) reports high-grade intercepts from the Austin 904 Complex at Madsen, including 215.46 g/t over 5.35 meters.<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; UJO:FSE)</a> reported <a href="https://westredlakegold.com/west-red-lake-gold-reports-215-46-g-t-au-over-5-35m-50-34-g-t-au-over-4-05m-and-61-70-g-t-au-over-3m-in-austin-904-complex-madsen-mine/" target="_blank" rel="noopener">drill results from its 100% owned Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada, highlighting intercepts from the Austin 904 Complex.</a> Reported results included 5.35 meters grading 215.46 grams per tonne gold, 4.05 meters grading 50.34 g/t gold, and 3 meters grading 61.70 g/t gold. Additional intercepts included 8.65 meters at 13.25 g/t gold, 7.05 meters at 11.56 g/t gold, and 2 meters at 34.35 g/t gold, along with multiple other intervals exceeding 3 g/t gold. These results were drilled from the 13 Level of the Madsen Mine at approximately 650 meters depth and are in addition to results announced on February 25, 2026, which included 219.73 g/t gold over 4.8 meters, 148.36 g/t gold over 3 meters, and 133.13 g/t gold over 2.5 meters. The Austin 904 Complex is described as an approximately 200-meter by 200-meter panel of gold mineralization that has not been historically mined, providing full access to the mineralized zone for mining. This is expected to result in larger stopes and increased efficiency during design and extraction. <a href="https://westredlakegold.com/west-red-lake-gold-reports-215-46-g-t-au-over-5-35m-50-34-g-t-au-over-4-05m-and-61-70-g-t-au-over-3m-in-austin-904-complex-madsen-mine/" target="_blank" rel="noopener">Will Robinson, Vice President of Exploration, stated in the news release</a>, "The 904 Complex in lower Austin is steadily growing into a very important part of the future at Madsen. Having only just gained access to this area for drilling in late 2025, the results received to date are highly encouraging." He added, "We see growth potential at depth in the 904 area and will continue to drill and define this area throughout 2026." Drilling has only begun testing the upper 30 meters of a currently modeled 200-meter by 200-meter mineralized panel, which is believed to be intact and has had no historic mining. The current underground drilling program is focused on further definition of near-term mining inventory and growth of the current mineral resource, with drilling concentrated on higher-grade portions of the Austin and South Austin Zones. The Austin 904 Complex is expected to remain a primary focus of drilling throughout 2026, with initial production from the area expected in the first half of 2027. <div class="flex flex-col text-sm pb-25"> <section class="text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&:has([data-writing-block])>*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:482c1d25-1f66-4e4e-b485-859d3c4204ef-7" data-testid="conversation-turn-10" data-scroll-anchor="true" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="2d1c4089-8089-4326-a80c-884bd984ea44" data-message-model-slug="gpt-5-3" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="77">Gold Demand, Supply Constraints, and Geopolitics Reshape the Metals Landscape</h2> </div> </div> </div> </div> </div> </div> </section> </div> According to an April 11 note from Couloir Capital, "gold prices rose 1.5% during the week, supported by persistent geopolitical uncertainty as investors assessed the fragile US-Iran ceasefire and ongoing tensions in the Middle East." The report stated that unresolved issues and continued disruptions in the Strait of Hormuz kept risk sentiment elevated, while a higher-than-expected U.S. CPI print later in the week pushed Treasury yields higher and weighed on non-yielding assets. The same report noted that "silver gained 4.0% during the week as investors rotated into silver’s dual safe-haven and industrial demand narrative," while broader precious metals, including palladium and platinum, also moved higher in response to geopolitical developments. <a href="https://www.mining.com/op-ed-how-gold-became-national-security-infrastructure/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=8e0c6bb3af-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-8e0c6bb3af-606677560" target="_blank" rel="noopener">An April 12 op-ed by David Zaikin described structural demand trends in the gold market, stating that central banks purchased 863 tonnes in 2025</a>, marking "the fourth consecutive year above 850 tonnes." He wrote that "over forty central banks accumulated simultaneously, making the demand base structurally resilient rather than dependent on any single buyer." The piece also highlighted that total global gold demand exceeded 5,000 tonnes for the first time, valued at US$555 billion, while gold ETFs recorded 801 tonnes of inflows and bar and coin demand reached a twelve-year high. Zaikin stated, "This is not a speculative rally. It is a structural reallocation by sovereign and institutional buyers responding to a world in which the rules governing reserve asset safety have changed." Zaikin also pointed to supply-side constraints, writing that mine supply of approximately 3,672 tonnes in 2025 "grew only marginally despite prices nearly doubling in 18 months," with total supply rising just 1% year-over-year. He added that "the supply response has been muted at precisely the moment sovereign demand is most intense," while recycling increased only 3%. The report further stated that "the chokepoints are not the mines. They are the refineries, the compliance architectures, the logistics corridors, and the clearing systems," emphasizing the role of downstream infrastructure in determining market flow. <a href="https://vblgoldfix.substack.com/p/china-bans-acid-exports-to-preserve?utm_source=post-email-title&publication_id=456345&post_id=194053169&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In an April 13 report, VBL highlighted additional pressures across industrial inputs tied to metals production, noting that China was preparing to halt sulfuric acid exports as supply disruptions linked to the Iran conflict affected global sulfur availability</a>. According to reporting cited by VBL, the restriction followed a surge in sulfuric acid prices driven by disruptions tied to the closure of the Strait of Hormuz, a route accounting for roughly one-third of global sulfur production. The report stated that sulfuric acid is "a core input in phosphate fertilizers and is also essential for certain copper extraction processes," linking energy markets, agriculture, and metals production. VBL added that "China’s withdrawal from export markets is expected to exacerbate an already tightening supply environment," while analysts warned that replacing Chinese volumes would be difficult given simultaneous shortages in upstream sulfur feedstocks. The report stated that this combination of reduced exports and constrained supply presented "a dual shock to global industrial chains," raising the risk of sustained cost pressures across mining operations and related industries. Taken together, these sources described a sector shaped by constrained supply growth, shifting geopolitical dynamics, and continued demand from both institutional and industrial participants. <h2 style="text-align: center;" data-start="0" data-end="78">Third-Party Views Track Production Milestone and Ongoing Drilling Activity</h2> <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/our-new-gold-pick-hits-the-ground-running-in-colombia-plus-news-from-four-more-stocks/" target="_blank" rel="noopener">On February 19, Jeff Clark and Daniel Flynn wrote in The Gold Advisor, "Another week, another solid set of assays from drilling at West Red Lake Gold's Rowan deposit in Ontario's Red Lake District."</a> They highlighted results from Vein 006b, including 1 meter grading 84.3 g/t gold in Hole RLG-25-198 and 5.5 meters grading 14.42 g/t gold in Hole RLG-25-201. They noted that while these intercepts did not match a previously reported 141.5 gram-meter intercept from Vein 013, they remained relevant to development plans. Clark and Flynn stated that Rowan, located about 80 kilometers from Madsen, was being advanced as part of a hub-and-spoke approach, with Madsen acting as a central processing hub and Rowan contributing high-grade material. They wrote that drilling was focused on upgrading resources and expanding key veins, particularly Veins 006b and 013, ahead of a combined pre-feasibility study. They added that recent Vein 006b results, together with earlier Vein 013 intercepts, supported confidence in grade continuity and potential inclusion of these veins in future resource updates and the pre-feasibility study. They also stated that expanding the number of mineable veins could influence project economics, while consistent high-grade results across a broader area suggested additional expansion potential through further drilling. Clark and Flynn noted that the market appeared to be waiting for larger catalysts, stating that the stock increased about 1% following the news. They maintained a "BUY" recommendation and wrote that Vein 006b was emerging as a potential high-grade contributor to the future mine plan. They also stated, "As a reminder, WRLG's longer-term goal is to build a 100,000 oz/year production platform in Red Lake. That, among other things, makes the stock a Buy," and added that after a 15% pullback since prior assay results, the shares offered an entry point ahead of upcoming developments. <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/strong-updates-from-6-stocks-as-volatility-creates-opportunity/" target="_blank" rel="noopener">In a March 26 follow-up report, Jeff Clark and Daniel Flynn wrote that infill drilling at the Fork deposit was intended to support a future development decision, stating that "the latest drilling is aimed at increasing confidence in that resource ahead of a future development decision."</a> They indicated that recent results, although narrower and lower grade than some historical intercepts, continued to align with expectations, noting that "they still support that broader picture." Reported highlights included "1m @ 41 g/t gold, including 0.5m @ 77.8 g/t gold" and "4.5m @ 5.8 g/t gold." In the same March 26 report, geologist Sharyn Alexander wrote that "the key takeaway is continued de-risking," adding that "the results strengthen confidence in both grade and vein continuity, which are critical for mine planning and extraction." She further stated that "infill success reduces uncertainty and moves Fork closer to a development decision." Clark and Flynn maintained the "BUY" recommendation. <a href="https://vblgoldfix.substack.com/p/wrlg-and-peers-side-by-side?utm_source=post-email-title&amp;publication_id=456345&amp;post_id=190492072&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;token=eyJ1c2VyX2lkIjoyOTEyNDE0OTEsInBvc3RfaWQiOjE5MDQ5MjA3MiwiaWF0IjoxNzczMTQxNTkxLCJleHAiOjE3NzU3MzM1OTEsImlzcyI6InB1Yi00NTYzNDUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.qSxLyOSHSCo6KCEs3Bn-av-Qrgn6wGAxj6jt7--Imjw&amp;r=4tebdf&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener">In a March 10 report titled WRLG & Peers Side by Side, VBL wrote that the company stood out due to "asset quality, timing, and leverage to gold."</a> The report described the situation as tied to the restart of the historic high-grade Madsen Mine in Ontario's Red Lake district, which had previously produced more than two million ounces of gold. It noted that existing infrastructure could reduce both restart costs and timelines. VBL also referenced what it described as a production inflection point, stating that the transition from developer to producer was a phase that "often drives the largest valuation change because the business moves from a concept to a cash-flowing operation." The report added that exposure to the gold price was supported by the high-grade nature of the underground operation and noted that expansion potential could come from nearby deposits, including Rowan. The report outlined several risks, including operational ramp-up risk, grade reconciliation risk, financing risk, single-asset exposure, and underground mining complexity. It stated that lower-than-expected throughput, grades, or recoveries could increase costs, while discrepancies in grade reconciliation could impact mine economics. It also noted that extended timelines to stabilize production could require additional capital and that the company remained largely dependent on a single mine. <h2 style="text-align: center;" data-start="2129" data-end="2199">Operational Milestones and Development Timeline</h2> <a href="https://westredlakegold.com/wp-content/uploads/2026/04/WRLG_Long-Deck_2026.04.09_WR-1.pdf" target="_blank" rel="noopener">According to the company's investor presentation, multiple operational milestones and timelines have been outlined for the Madsen Mine and surrounding assets.</a> For the first half of 2026, activities include work in the 960 area, described as having large stopes with development completed, as well as operations in the high-grade 4447 area. Drill results from the 904 Complex, along with the Fork and Rowan areas, are expected during the first half of 2026. Guidance for 2026 is expected to be announced by mid-Q2. In addition, the shaft is expected to become operationalin H2 2026, with an initial capacity to move 350 tonnes per day Projects are currently underway to evaluate increasing haulage capacity via shaft up to potentially 2,000 tonnes per day. In the first half of 2027, plans include beginning mining at the 904 Complex, described as high grade and non-remnant material. A joint Madsen-Rowan pre-feasibility study is scheduled for Q3 2026. This study is intended to present Madsen as a longhole mining operation with Rowan as a satellite mine sending material to the Madsen mill. The presentation referenced a preliminary economic assessment for Rowan indicating 400 tonnes per day producing 35,000 ounces annually for five years. [OWNERSHIP_CHART-5614] Additional 2026 milestones include updating the Rowan resource estimate, initiating Rowan consultation, and submitting a Rowan permit application in H2. Development work to begin access towards the Fork deposit is planned to begin by end of 2026, pending a construction decision. Ongoing drilling programs were also outlined, including a completed 3,000 meter drill program at the Fork deposit to support a production decision, and a 6,000 meter drill program at the Rowan project focused on infill drilling, extending known veins, and supporting geotechnical and metallurgical requirements for future studies. A longer-term objective was described as advancing toward a combined Madsen-Rowan operation. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Institutional investors hold approximately 30% of West Red Lake Gold's shares, with insiders and advisors holding another 10%. The remaining 60% is held by retail investors. The company's current market cap is CA$518.75 million, with a 52-week trading range of CA$0.54 to CA$1.49. <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>West Red Lake Gold Mines is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of West Red Lake Gold Mines.</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=30954"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30954" width="0" height="0"> ( Companies Mentioned: WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE, ) WRLG:TSX.V; WRLGF:OTCQX; UJO:FSE Wed, 15 Apr 2026 00:00:00 PST Drone Manufacturer Targeting US$1.1B in Defense Programs Doubles Production https://www.streetwisereports.com/article/2026/04/15/drone-manufacturer-targeting-us-1-1b-in-defense-programs-doubles-production.html Source: <a href="https://www.streetwisereports.com/article/2026/04/15/drone-manufacturer-targeting-us-1-1b-in-defense-programs-doubles-production.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Unusual Machines Inc. (UMAC:NYSEAMERICAN) announces enhancements to its manufacturing operations in Florida that are expected to more than double production.NDAA-compliant drone component producer <a href="https://www.streetwisereports.com/pub/co/10500?utm_medium=feed" target="_blank" rel="noopener">Unusual Machines Inc. (UMAC:NYSEAMERICAN)</a> announced significant enhancements to its motor manufacturing operations in Orlando, with recent changes "expected to more than double daily production," <a href="https://www.unusualmachines.com/press-release/?i=163930" target="_blank" rel="noopener">according to an April 10 release</a>. The company, currently producing about 15,000 motors monthly, said has introduced second and third shifts to boost its production capabilities. With improvements in equipment, staffing, and the layout of the factory, daily production is anticipated to rise from roughly 700 to 1,500 parts. "We're running motor production 24 hours a day, five days a week, and I'm proud of how the team has expanded and refined the operation in the five months since launch," President and Chief Operating Officer Andrew Camden said. "We continue to push production higher by adding equipment and building out the team. Rotor Lab brought deep product experience, and we've paired that with our manufacturing capability to scale more quickly." The motor design and engineering efforts are spearheaded by Vice President of Motors Andrew Simpson, who came on board following the acquisition of Rotor Lab and has since moved to the United States. This strategic acquisition has enabled Unusual Machines to expedite its shift to large-scale manufacturing. Brad Mello, vice president of manufacturing, who was instrumental in setting up the Orlando facility, is overseeing the scaling operations, the company said. Looking ahead, Unusual Machines said it plans to double its motor factory workforce by May as production increases. Additionally, the company aims to install a high-volume automated motor production line in the latter half of 2026 to further boost its manufacturing output. <h2 style="text-align: center;">Lantronix Partnership</h2> <a href="https://www.streetwisereports.com/article/2026/03/23/drone-manufacturer-launches-ai-partnership-breakthrough-with-lantronix.html?utm_medium=feed" target="_blank" rel="noopener">Unusual Machines announced last month</a> that it entered into a strategic partnership with Lantronix Inc. to develop advanced autonomous drone components that integrate edge AI compute with essential flight control systems. This collaboration aligns with the U.S. defense sector's increased focus on producing autonomous systems at scale, as highlighted in a March 19 release. Unusual Machines is known for its NDAA-compliant drone components, while Lantronix specializes in Edge AI and Industrial IoT solutions that support unmanned systems, critical infrastructure, and resilient networks. The partnership is a response to the U.S. Department of War's Drone Dominance Program, a significant US$1.1 billion initiative aimed at deploying hundreds of thousands of advanced unmanned platforms by 2027. The program emphasizes the importance of reliable domestic supply chains, AI-driven autonomy, modular designs, and rapid development cycles. Under this collaboration, Lantronix will provide its cutting-edge edge AI compute and system-on-module (SOM) technologies, and Unusual Machines will supply sophisticated flight components. This synergy is expected to enhance the drones' operational capabilities in challenging environments by enabling real-time perception, autonomous navigation, and mission execution. Lantronix's computing platforms are designed to autonomously handle critical functions such as sensor data processing, detection, classification, and tracking, which allows the drones to perform tasks like target identification and response independently, the release noted. Lantronix CEO Saleel Awsare emphasized the role of edge compute in modern autonomous systems, stating, "This collaboration brings together edge AI compute and mission-critical flight control into a modular platform that allows our customers to accelerate development and scale production as demand increases." He also noted the shift from being a component supplier to a platform partner in the autonomous systems ecosystem. Unusual Machines Chief Executive Officer Allan Evans underscored the importance of reliable and integrated flight control systems for the scalability of autonomous technologies. "As autonomous systems scale, reliable and tightly integrated flight control becomes essential to enabling advanced onboard capabilities without having the drones fall out of the sky," he said. Evans also highlighted the benefits of the partnership with Lantronix in designing and debugging flight platforms that support a variety of architectures with advanced edge AI capabilities. The companies have begun joint platform development and plan to conduct initial demonstrations within the next 12 months. The modular architecture of these systems will allow for future upgrades without the need for complete system overhauls, enabling adaptability to evolving mission requirements. <h2 style="text-align: center;">Analyst: Co. Positioned for Strong Growth</h2> In a recent analysis dated March 9, Barry Sine from Litchfield Hills reviewed Unusual Machines, noting the company's impressive fourth-quarter revenue, which exceeded expectations by over 36%. The company concluded the year with a remarkable 101% growth compared to the previous year. Sine attributed this success to Unusual Machines' strategic positioning within the burgeoning U.S. market for domestically produced drone components, now estimated to be worth around US$5 billion, a surge following the FCC's December 2025 restrictions on foreign drones and components. Sine highlighted that the growing demand and improved production capabilities of Unusual Machines might lead to an increased market share. He also pointed out that the company is anticipating a US$24 million mark-to-market gain in the first quarter from its investments in four publicly traded drone companies, with the possibility of an additional US$75 million based on consensus targets. Looking ahead, Unusual Machines is set to boost its motor production to 100,000 units per month by the end of the year, which could yield US$60 million annually from this line alone. Additionally, Sine mentioned that Unusual Machines is expected to introduce new product lines, including headsets, batteries, and frames, which should contribute to the company's diversified growth through 2026-2027. He emphasized the company's strong market position, noting that more than half of the winners of the Drone Dominance Gauntlet 1 are customers of Unusual Machines. This is particularly advantageous as the company prepares for the forthcoming US$1 billion Gauntlet 2 initiative that prioritizes the use of all-American components. Maintaining a "Buy" rating, Sine set a target price of US$25 per share, reflecting Unusual Machines' strong growth trajectory and strategic market positioning. However, he cautioned about significant risks, including challenges related to the company's expansion strategy in essential drone components like motors and circuit boards. He stressed that successful market penetration and customer adoption are crucial for sustained growth. Delays or inefficiencies in production or distribution could adversely affect the company's progress. Moreover, Sine commented on the valuation of Unusual Machines' shares, which are priced at about twice the industry average. This premium valuation highlights the company's promising outlook but depends on continued execution and sector performance, underscoring the strategic significance and growth potential within the defense and drone sectors. According to FactSet, at least four other analysts have issued ratings for the stock, all buy ratings, including price targets of US$20 for Austin Bohlig of Needham & Co., US$30 for Josh Sullivan of JonesTrading, US$25 for Ashok Kumar of ThinkEquity, and US$21 for Matthew Galinko of Maxim Group. <h2 style="text-align: center;">The Catalyst: Rethinking Modern Warfare in Real Time</h2> <a href="https://www.newswire.ca/news-releases/autonomous-warfare-takes-flight-military-drone-market-set-for-explosive-growth-through-2030-828965969.html" target="_blank" rel="noopener">An article from Market News Updates on March 19</a> discussed the swift advancement of the global drone and defense sector, asserting, "The global drone and defense landscape is no longer emerging, it's accelerating at a pace that's forcing governments and contractors to rethink modern warfare in real time." The piece underscored the growing role of unmanned systems in national defense strategies around the world, which now encompass a range from tactical intelligence, surveillance, and reconnaissance (ISR) missions to fully autonomous swarm operations. The article projected substantial growth for the broader UAV market, anticipating it to reach around US$102.7 billion by 2030. This growth is expected to be propelled by a strong double-digit rate, driven by broader adoption of drones across various military domains — air, land, and sea. This increase is further supported by escalating geopolitical tensions, the adoption of asymmetric warfare strategies, and the demand for cost-effective, scalable force multipliers. Specifically, the defense-oriented drone market is also experiencing robust expansion. Market News Updates forecasts that the global military drone sector will grow from US$15.8 billion in 2025 to $22.81 billion by 2030. Additionally, the market for drone warfare systems is projected to reach approximately US$42.1 billion by the decade's end. The tactical UAV segment is expected to hit US$7.86 billion, driven by an urgent need for real-time intelligence and enhanced surveillance capabilities. This significant growth across various platforms indicates a major shift in military strategy, positioning drones not just as supplementary tools but as central elements of operational dominance. The Commercial Drone Alliance (CDA) recently published a white paper titled "Advancing the Domestic Drone Industry," which emphasizes the importance of domestic drone production, highlighted by a recent FCC decision that the CDA believes signals the federal government's commitment to U.S. drone manufacturing, <a href="https://www.commercialuavnews.com/commercial-drone-alliance-domestic-industry-white-paper" target="_blank" rel="noopener">wrote Matt Collins for Commercial UAV News on April 8</a>. However, the CDA argues that further steps are necessary to provide the U.S. industry with the resources it needs to flourish under the new regulations. The white paper outlines significant challenges facing the industry, identifying two main structural headwinds: on the demand side, an unclear regulatory environment for routine drone operations creates hesitation among operators, which dampens the demand needed for domestic manufacturers to reach a competitive scale. On the supply side, the U.S. faces dependency on foreign production for essential components such as flight controllers, cameras, sensors, motors, batteries, and printed circuit board assemblies due to decades of offshoring. Establishing this manufacturing capacity domestically is described by the CDA as "exceedingly costly for any one company."[OWNERSHIP_CHART-10500] To overcome these challenges, the CDA proposes six policy recommendations, Collins reported. The foremost recommendation is the establishment of a White House-led Drone Dominance Task Force, chaired by the Office of Science and Technology Policy, to ensure a coordinated effort across various federal agencies. Additionally, the CDA suggests strengthening domestic demand through grant programs aimed at public safety agencies and infrastructure operators, coupled with regulatory actions to bolster the market. Specific regulatory actions include urging the FAA to finalize its Beyond Visual Line of Sight (BVLOS) rule to enable scaled operations without imposing burdens on the numerous Unmanned Aircraft Systems (UAS) already performing critical missions. Furthermore, the CDA recommends that the Transportation Security Administration (TSA) reconsider its proposed rule on commercial drone security measures. Instead, the CDA advocates for the TSA to work with the industry to develop "right-sized and collaborative security measures for commercial drone operations," ensuring regulations are effective without being overly restrictive. <h2 style="text-align: center;">Ownership and Share Structure1</h2> As for ownership and share structure, eight strategic entities own about 7% of Unusual Machines, including the CEO, Evans, with 3.33%. About 130 institutions hold 34%, including SSga (State Street Global Advisors) and The Vanguard Group Inc., with 3.35%. Retail investors have the rest. Unusual Machines has 47.78 million shares outstanding. Its market cap is US$654.65 million. Its 52-week range is US$4.67–23.38 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Unusual Machines Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Unusual Machines Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30952"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30952" width="0" height="0"> ( Companies Mentioned: UMAC:NYSEAMERICAN, ) UMAC:NYSEAMERICAN Wed, 15 Apr 2026 00:00:00 PST Which Companies Could Benefit From Price Explosion for So-Called 'War Metal'? https://www.streetwisereports.com/article/2026/04/07/which-companies-could-benefit-from-price-explosion-for-so-called-war-metal.html Source: <a href="https://www.streetwisereports.com/article/2026/04/07/which-companies-could-benefit-from-price-explosion-for-so-called-war-metal.html?utm_medium=feed">Streetwise Reports 04/15/2026</a> Global manufacturers are facing a tungsten shortage. Read about some companies that could possibly benefit from higher prices.Global manufacturers are currently facing a severe shortage of tungsten, a metal critical for defense and electronics, due to Chinese export restrictions and heightened military demands, which have driven prices to record highs, <a href="https://www.bitget.com/news/detail/12560605268833" target="_blank" rel="noopener">according to a report by 101 Finance for Bitget on March 16</a>. European benchmark reports that the price of tungsten surged 557% since China implemented export controls amid a trade dispute with the U.S. last year. <a href="https://news.metal.com/newscontent/103848918-APT-CIF-Rotterdam-Rises-to-3185mtu-Amid-Strong-Demand-and-Tight-Supply-European-Scrap-Prices-Decline">Shanghai Metals Market reported</a> a surge past US$3,200/metric ton unit (mtu) as of April 9. to US$2,250 per metric ton unit, a surge of The recent escalation in Middle Eastern conflicts has further exacerbated the demand for military materials, leading to even faster price increases as reserves are depleted. "In over a decade working with various metals, I've never witnessed a market as constrained as tungsten — except perhaps lithium in 2021," said George Heppel, vice president of commodity research at BMO Capital Markets, according to the report. Heppel noted the lack of new tungsten projects compared to other metals like lithium. Since becoming the world's primary tungsten supplier, China's tightening of export regulations has forced manufacturers globally to seek alternative sources. Project Blue, a consultancy specializing in critical minerals, observed a 40% drop in Chinese exports of restricted tungsten products last year, the report said. This reduction has prompted Western governments to attempt to lessen their reliance on Chinese minerals, a leverage point in ongoing trade and technology disputes. Lewis Black, CEO of Almonty Industries Inc., said his company is reviving production at a dormant mine in South Korea and planning the first U.S. tungsten mine in a decade. Black mentioned that U.S. officials have inquired about immediate supply needs, with nearly half of the South Korean output slated for munitions use in Pennsylvania. He explained that as Chinese subsidies waned and export restrictions were lifted, tungsten prices began to reflect true market dynamics of supply and demand. Janine Le Roux from Project Blue pointed out that the ongoing Middle Eastern conflict has spurred the latest price spike, with military-related tungsten usage expected to increase by 12% this year. Tungsten's high density makes it ideal for missile parts and aircraft counterweights, as well as in artillery shells, grenades, and armored vehicles. Despite China's dominance in tungsten production and reserves, the U.S. has not mined tungsten commercially since 2015, increasing reliance on Chinese imports, the Bitget report noted. David Argyle from Arlington Innovation Partners described last year's export restrictions as a geopolitical strategy. He suggested that expanding mining in countries like Spain, Brazil, Australia, and the U.S. could alleviate some pressure, but estimated it would take around two years for new Western production to impact the market. <h2 style="text-align: center;">Metal Irreplaceable In Several Industries</h2> Tungsten holds a distinctive role in the global commodities market, distinguishing itself from more common industrial metals such as copper or aluminum. In 2026, the tungsten market was valued at around US$16 billion, which is only about 5% of the copper market's massive US$320 billion valuation, <a href="https://discoveryalert.com.au/tungsten-price-increase-market-dynamics-2026/" target="_blank" rel="noopener">according to a report by Mulfih Hidayat for Discovery Alert on March 16</a>. However, the strategic significance of tungsten far surpasses its market size, largely due to its unique physical properties that are critical for various high-stakes applications. Tungsten is renowned for having the highest melting point of any pure element at 3,422°C, along with a density that is crucial for applications that require high penetration capabilities or resistance to extreme temperatures. These characteristics make it irreplaceable in sectors like aerospace, defense, and semiconductor manufacturing, where alternatives cannot match tungsten's performance, leading to a demand that is fundamentally inelastic, Hidayat reported. The trading dynamics of tungsten also set it apart from other commodities like copper or gold, which are traded on major exchanges with clear price visibility, the report noted. Instead, tungsten transactions are typically conducted through private bilateral negotiations with limited public pricing information, contributing to greater price volatility compared to more transparently traded commodities. The APT (ammonium paratungstate) European benchmark is one of the few public pricing references, though it sees much lower trading volumes than those of exchange-traded metals. <h2 style="text-align: center;">Vital for Weapons Production</h2> A shortage of critical metals like tungsten, antimony, gallium, and germanium (which are vital for weapons production) is a significant challenge facing the United States, according to a recent S&P report, <a href="https://nai500.com/blog/2026/03/tungsten-prices-continue-to-run-as-middle-east-war-draining-supply/d" target="_blank" rel="noopener">wrote Caroline Kong for NAI500 on March 26</a>. The Canadian think tank Critical Minerals Institute has warned that the depletion of these metals could halt the production of new weapons in the U.S. Of these, tungsten is often referred to as the "war metal" due to its military importance. China, which dominates the global tungsten supply by accounting for 79% of production, has exacerbated this shortage by imposing export controls and reducing mining quotas, alongside increasing domestic consumption in sectors like photovoltaics and semiconductor manufacturing, Kong wrote. This has significantly decreased the amount of tungsten available on the global market. The ongoing war in Iran has further stressed the demand for tungsten, with military consumption expected to rise by 12% in 2026. "The Iran war is a sharp reminder of how metal-intensive 21st-century warfare is. Tens of thousands of drones and missiles — tungsten plays a pivotal role in them," Heppel from BMO said, according to the NAI500 article. Editor Fred Turner said the ongoing conflict involving Iran has brought to light a significant vulnerability within the military-industrial complex with its heavy dependence on tungsten, <a href="https://voennoedelo.com/en/posts/id14686-us-military-exposed-by-tungsten-shortage-crisis" target="_blank" rel="noopener">according to a piece he wrote for Military Affairs on April 4</a>. The metal is crucial for manufacturing specific types of ammunition and vital components of weaponry, he said. A report by Foreign Policy has underscored the absence of any active large-scale tungsten mining operations in the United States, a situation that has become increasingly problematic as military engagements deplete existing weapon stockpiles that rely on this metal, with restocking efforts facing significant delays and challenges. Pini Althaus, managing partner at Cove Capital, expressed concerns to the magazine about the growing visibility of this shortage, Turner said. He highlighted a noticeable disruption in the supply chain and lamented the lack of a solid strategy to address this issue in the foreseeable future. As the conflict persists, the price of tungsten has skyrocketed by over 500%, according to Foreign Policy. Concurrently, the U.S. continues to rely heavily on tungsten imports and processing from abroad, with China maintaining a dominant position in the global market. The publication also noted that it has been more than a decade since the last commercial tungsten mines in the United States were operational. In response, Washington is now pushing to expedite the establishment of a domestic supply chain for this and other critical minerals. However, experts warn that starting new mining ventures, expanding processing capabilities, and constructing the necessary infrastructure will require several years to complete. <h2 style="text-align: center;">Establishing Alternate Sources</h2> Efforts to establish alternative tungsten supplies in the West are underway, with projects in Kazakhstan and potential mining sites in Nevada being explored, Kong wrote for NAI500. However, these new sources are not expected to stabilize production quickly, with estimates suggesting a two-year "pain period" before they can significantly impact the market. For investors, the surge in tungsten prices signals a shift in the valuation of strategic metals, influenced by geopolitical tensions, supply chain adjustments, and military needs. This situation suggests a new pricing dynamic where tungsten carries a strategic premium, reflecting its critical role in national security and technology. Investors are advised to focus on non-China production capacities and the burgeoning recycling sector, as these areas present new opportunities amidst the revaluation of strategic metals. <a href="https://www.juniorminingnetwork.com/mining-stocks/tungsten-mining-stocks.html" target="_blank" rel="noopener">According to Junior Mining Network</a>, the following are five tungsten companies by market cap at the time the list was compiled: Almonty Industries, United States Antimony, Fireweed Metals, Allied Critical Metals, and American Tungsten. <h2 style="text-align: center;">Almonty Industries</h2> Almonty Industries Inc. (AII:TSX; ALM:NASDAQ; ALL:ASX; ALI:Frankfurt) has successfully secured a leading role in tungsten production for the Western world, calling it the "The Tungsten Dominator," <a href="https://news.financial/comments/almonty-industries-the-tungsten-dominator-of-the-west" target="_blank" rel="noopener">according to Tarik Dede of News Financial on March 27</a>. The Canadian firm has revitalized the historic Sangdong mine in South Korea, which was one of the world's largest tungsten mines until its closure in the 1990s due to competitive pricing pressures from China. [OWNERSHIP_CHART-5565] Sangdong has completed its initial construction phase, resumed production of tungsten concentrates, and is expanding its operations. Lewis Black, CEO of Almonty, anticipates that by 2027, the mine's processing capacity could reach up to 1.2 million tons annually, potentially yielding over 460,000 MTUs (metric ton units) of tungsten concentrate each year. This could satisfy about 40% of the global tungsten demand outside China, Dede wrote. Almonty's growth extends beyond Asia. The company acquired the Panasqueira mine in Portugal in 2016, a site known for its continuous high-grade tungsten production for nearly 130 years. Although smaller than Sangdong, plans for expansion are underway, promising significant production increases. Additionally, Almonty has expanded into the United States with the acquisition of the Gentung Browns Lake Tungsten project in Montana for US$10 million at the end of 2025, targeting a production start in the latter half of 2026 to directly supply the U.S. defense industry. This project is located in a historic tungsten district that supplied the national reserve during World War II and the Korean War. The Browns Lake Mine, closed in 1966, was among the most productive, and the Gentung project is poised for a swift operational restart due to its brownfield status and existing infrastructure. Following its Nasdaq listing, Almonty is planning to relocate its headquarters to the United States, underscoring the strategic importance of the American market. This move aligns with the U.S. Department of Defense's mandate to exclude Chinese-sourced raw materials in military applications from 2027, highlighting a critical supply gap that Almonty is positioned to fill. Investment analysts are optimistic about Almonty's prospects. Bank of America (BofA) has labeled Almonty as the "leading Western vehicle" for tungsten supply, the News Financial report noted. In March 2026, BofA set a price target of US$20 for Almonty's stock and recommended a buy, citing the structural supply deficit and the sustained high prices of tungsten, which have surged by over 250% in the past year due to Chinese export restrictions and declining ore grades. BofA anticipates that Almonty will maintain a strong position in negotiating long-term supply contracts. The recent drop in Almonty's stock value, about 25% due to the Persian Gulf war, presents a potential investment opportunity, the author said. The stock had previously quadrupled in value within five months, making it susceptible to a sell-off as investors sought liquidity. This scenario offers a chance for new investors to capitalize on Almonty's promising future in the tungsten market. ALM reported slightly disappointing results for 2025, primarily due to lower sales volumes at its Panasqueira tungsten mine in Portugal, according to Alliance Global Partners Analyst Jake Sekelsky in a March 20 research note. However, the company is poised for significant growth in 2026, driven by the completion of Phase 1 commissioning of its flagship Sangdong tungsten mine in South Korea, he noted. Sangdong, recognized as one of the world's largest and highest-grade tungsten mines, is expected to quadruple ALM's production capacity. The company also plans to advance development at the Gunteng Browns tungsten project in Montana, reinforcing its position as a leader in the tungsten market. Despite the underwhelming 2025 revenue of CA$32.5 million, which fell short of the anticipated CA$41.5 million, ALM's outlook remains positive. The successful commissioning and ramp-up of Sangdong are anticipated to significantly boost the company's cash flow in the second half of 2026. Phase 2 expansion at Sangdong, expected next year, will double the production capacity to 4,600 yearly, accounting for about 40% of global production outside China. With Sangdong's development progressing, attention is now turning to the Gunteng Browns project in Montana. ALM aims to restart production at this mine by the end of 2026, with an initial capacity of 140,000 tpa. Establishing tungsten production in the U.S. is seen as crucial for securing America's critical minerals supply chain. In light of these developments, Sekelsky maintained the firm's Buy rating and raised its price target from CA$14 to CA$19.25 per share. Cantor Fitzgerald's Nicholas Lobo also rated the stock a Buy with a CA$36 per share price target. "Importantly, the company ended the year with ~CA$268.4 million in cash following equity financings completed during 2025, which we believe provides strong funding visibility to complete commissioning and advance its broader tungsten growth strategy," Lobo wrote. GBC AG, an Augsburg-based research firm specializing in small and mid-cap companies, has notably increased its target price for Almonty Industries Inc., as detailed in a research report released on March 5, <a href="https://www.tradingview.com/news/eqs:029bd9360094b:0-gbc-ag-significantly-raises-target-price-for-almonty-industries-inc-structural-tungsten-shortage-and-production-ramp-up-drive-re-rating/" target="_blank" rel="noopener">according to a report by the firm's analyst Matthias Greiffenberger on TradingView March 27</a>. "The tungsten market has undergone a structural shift. Export restrictions, rising demand from defense and high-tech industries, and limited new supply outside China are driving sustainably higher price levels," the analyst noted. "Combined with the production ramp-up at Sangdong, this significantly improves Almonty's earnings outlook." He continued, "Against this backdrop, GBC now assumes a long-term tungsten price of US$1,500 per MTU (previously US$650 per MTU). Based on an updated discounted cash flow model, GBC raises the target price to CA$28.60 per share from … CA$9.00 and reiterates its BUY rating." 1About 9% of the company is owned by insiders and management, about 11% by corporations, and about 23% by institutions. The rest is retail. Top shareholders include Global Tungsten & Powders Corp. with 9.86%, President and Chief Executive Officer Lewis Black with 8.69%, Deutsche Rohstoff AG with 6.7%, Van Eck Associates Corp. with 4.01%, and Almonty Partners LLC with 3.3%. Almonty's market cap is now CA$5.8 billion with 280.37 million shares outstanding. It trades in a 52-week range of CA$2.78 and CA$30.58. <h2 style="text-align: center;">United States Antimony</h2> <a href="https://www.stockwatch.com/News/Item/U-by1154279-U!UAMY-20260402/U/UAMY" target="_blank" rel="noopener">In an April 2 release</a>, United States Antimony Corp. (UAMY:NYSEAMERICAN) announced the resumption of mining operations at its Stibnite Hill site in Thompson Falls, Montana. The operations, which had been halted in early November of the previous year due to harsh winter conditions, were able to restart earlier than expected this year thanks to milder weather and minimal snowfall in Montana. In the previous year, over a span of two months, USAC successfully transported more than 800 tons of antimony ore from the mountain to its Radersburg Flotation Facility for processing. The resulting antimony concentrate is then sent to the company's operating smelter in Thompson Falls, where it is transformed into finished products for USAC's customer base. This year, the company is implementing several changes to its mining program. After the removal of larger trees, the company plans to use a chipper to process smaller brush and branches into mulch. This mulch will be utilized in the company’s concurrent reclamation program to accelerate re-vegetation and improve access to existing roads and trails for the 2026 mining activities. Additionally, USAC has engaged professional surveyors to set up base stations on adjacent mountain tops equipped with GPS transmitters. This setup will allow field crews to use portable data collectors for more precise mapping and recording of antimony vein intercepts, aiding in the projection of veins along strike and down dip. The collected data will also be used to delineate disturbed areas, providing parameters for the ongoing reclamation efforts. The company has been recognized as one of the 11 Most Active Small Cap Stocks to Buy, <a href="https://www.msn.com/en-us/money/markets/us-antimony-uamy-secures-27m-in-defense-production-funding/ar-AA1Z5kXd">according to a March 27 piece by Sajjl Nooranne for Insider Monkey published by MSN</a>. Recently, on March 5, the company was granted $27 million under the Defense Production Act for enhancing domestic production and processing of critical minerals, with plans to modernize facilities in Montana and initiate new mining operations in Alaska. This investment is part of a larger government effort to bolster national resource security and position United States Antimony as a key supplier in essential industrial and defense sectors.[OWNERSHIP_CHART-11437] Earlier, on February 24, B. Riley increased its price target for United States Antimony to US$11 per share from US$9, maintaining a Buy rating, according to Nooranne. This adjustment was influenced by a new joint venture with Americas Gold and Silver to establish a commercial-scale processing facility in Idaho, aimed at boosting recovery rates and cutting costs. This project is also expected to drive growth through permitting advancements and international expansion efforts. United States Antimony, operational since 1969, is the only significant antimony smelter in the United States and manages a fully integrated operation encompassing mining, transportation, milling, smelting, and sales. With the backing of government initiatives and strategic partnerships, the company is uniquely positioned to capitalize on the global demand for secure supply chains, presenting a compelling investment opportunity, the firm noted. According to a March 20 updated research note by Sekelsky with Alliance Global Partners, United States Antimony recently reported its 2025 financial results, which fell slightly short of expectations due to ongoing efforts to ramp up antimony production in the United States and execute expansion strategies. Notably, UAMY concluded the year with a robust financial position, holding approximately $90 million in cash and securities. This strong financial footing is expected to accelerate the company's growth ambitions, particularly in diversifying its production across various critical minerals. Recently, UAMY acquired the Fostung tungsten project in Canada and swiftly established a current resource estimate to expedite the project's progression towards production. While UAMY is recognized as a leading domestic producer of antimony, the company is poised to expand its production capabilities in Montana and through a new joint venture with Americas Gold and Silver in Idaho, while also venturing into other critical minerals like cobalt, Sekelsky said. UAMY is shaping up to be a powerhouse in domestic critical minerals production. In terms of financial performance for 2025, UAMY posted a net loss of US$0.04 per share with revenues of US$39.2 million, slightly below the break-even EPS and revenue forecast of US$41 million. The year-over-year revenue increase of 163% reflects rising antimony production levels. The lower-than-expected results were attributed to higher operating costs typical of ramp-up phases and significant development work completed in 2025 to access new antimony sources ahead of a planned expansion at the Montana antimony processing facility. This expansion, now rescheduled to be completed in late 2Q26 due to contractor delays, is expected to triple the facility's capacity. Looking ahead, UAMY is not just focusing on antimony but is also setting its sights on becoming a diversified critical minerals producer, Sekelsky said. Following the acquisition of the Fostung tungsten project, UAMY updated its resource estimate, highlighting significant tungsten potential which could be expedited towards production given the proximity to existing processing facilities. This move is part of a broader strategy to reduce reliance on foreign critical mineral supplies, particularly from adversarial nations. "We are reiterating our Buy rating and US$13.50 per share price target. Our valuation remains based on a NAV analysis of the company's Montana and Mexico antimony operations as well as the BRZ segment utilizing an 8% discount rate and 1.5x NAV multiple," the analyst continued. "We currently ascribe no value to the recently announced hydromet JV with USAS and expect to revisit this assumption over the next quarter as further details are announced, which we believe leaves further upside to our current estimates." 1About 11% of United States Antimony is owned by insiders and management, and about 48% by institutions. The rest is retail. Top shareholders include BlackRock Institutional Trust Co. with 5.71%, State Street Investment Management with 5.35%, Creative Planning Inc. with 5.19%, The Vanguard Group Inc. with 5.17%, and Patrick W. Dugan with 3.98%. Its market cap is US$1.25 billion with 143.37 million shares outstanding. It trades in a 52-week range of US$1.69 and US$19.71. <h2 style="text-align: center;">Fireweed Metals</h2> Fireweed Metals Corp. (FWEDF:OTCMKTS; FWZ:TSX.V) said it is dedicated to developing a new critical metals district in Northern Canada. It fully owns the Macpass District, which spans an impressive 985 km² and houses the Macpass zinc-lead-silver project and the Mactung tungsten project. As part of the Lundin Group, Fireweed is well-placed to generate significant value from these ventures.[OWNERSHIP_CHART-10942] The company successfully organized a <a href="https://fireweedmetals.com/fireweed-metals-closes-previously-announced-61-5-million-private-placement/" target="_blank" rel="noopener">substantial funding initiative</a>, securing CA$61.5 million through a premium-priced private placement spearheaded by JX Advanced Metals and the Lundin Family Trusts, <a href="https://finimize.com/content/fireweed-metals-lines-up-615-million-with-two-big-backers" target="_blank" rel="noopener">according to a report by Finimize on March 31</a>. This financial boost is designated for advancing the company's tungsten and zinc projects located in northern Canada. In this strategic financial move, Fireweed Metals is set to offer up to 14.7 million shares priced at CA$4.18 each, which represents a 9% premium over its March 27 closing price on the TSX Venture Exchange, according to MT Newswires. JX Advanced Metals plans to acquire approximately 11.3 million shares, which will result in a 5% ownership stake, providing the company with a strategic entry into Fireweed's projects. Meanwhile, the Lundin Family Trusts, already a significant shareholder, will purchase about 3.4 million shares to maintain its ownership at roughly 22.9%, Finimize noted. The proceeds from this placement, expected to close by April 7, will be used to further develop Fireweed's Macpass, Mactung, and Gayna projects. From a market perspective, the decision to set the share price above the recent closing level indicates strong investor interest and confidence in Fireweed Metals. This pricing strategy not only reflects robust demand but also consolidates the shareholder base around two influential entities, potentially influencing future financing conditions, partnerships, and discussions around offtake agreements. Moreover, by associating tungsten and other critical minerals with sectors like semiconductor and advanced manufacturing, Fireweed extends its market relevance beyond just EV batteries to a broader industrial resilience initiative. Looking at the broader investment landscape, the choice of backers highlights a shift towards more strategic capital allocation. Developing mining operations in the remote reaches of northern Canada requires significant time and capital, emphasizing the importance of selecting partners who bring more than just funds, the article noted. By aligning with JX Advanced Metals and leveraging the Lundin family's extensive network, Fireweed is positioning itself to benefit from downstream expertise, which could enhance processing capabilities, strengthen customer ties, and bolster supply chain integrity. This approach may set a precedent, prompting other exploration firms to seek investors who can provide substantial operational and market-entry support down the line. "This capital injection is designed to provide the resources needed to progress these projects, a vital step given the lengthy timelines typical in mining development," <a href="https://www.bitget.com/amp/news/detail/12560605332810" target="_blank" rel="noopener">a piece by 101 Finance published by Bitget on April 2 noted</a>. "However, the ultimate success of this investment depends on Fireweed's ability to bring these projects into production," the report said. "The company is positioning itself to benefit from tightening global supplies of tungsten and zinc, aiming to capitalize on these market dynamics as its projects move toward construction." Fireweed Metals recently disclosed the assay results from its first drilling program at the Gayna project in the Northwest Territories, which the company has described as neutral in impact, according to a research note by Analyst Maximillian Myers of Ventum Capital Markets on December 12, 2025. The initial drilling yielded significant zinc mineralization at the Intrepid target, with notable results including 51.22 meters at 4.4% zinc and a 5.17-meter section at 10.0% zinc, Myers said. Although these results confirm the geological model and are promising for an initial exploration, they did not meet the high-grade expectations set by the Kipushi mine analogy, which represents the project's ultimate potential. The drilling at Gayna, which is the first on the property since the late 1970s, covered 3,800 meters across several targets. The focus was primarily on exploring steeply dipping zinc/lead/silver sulfide mineralization near reef margins. The best outcomes came from the Intrepid target, where drilling confirmed broad, vein-hosted and replacement-style sphalerite mineralization. However, the actual reef contact was not intersected, and other explored areas like Jaws, Zuviel, and Propitious only showed trace to minor mineralization. Despite these findings, Fireweed plans to continue refining its geological models and target prioritization, particularly focusing on areas closer to the true reef margin with potential for massive sulfide. The company remains cautious due to the project's remote and early-stage nature but is committed to a disciplined exploration approach. In terms of investment perspective, Fireweed's focus remains on de-risking the Mactung project, which, along with the Macpass district, forms the core of the company's value proposition. According to the company, Mactung and Macpass represent 48% and 41% of their net asset value estimate, respectively, with Gayna contributing only 2%. Thus, the recent drilling results from Gayna do not alter the company's overall valuation. Fireweed remains a BUY rating with a target price of CA$4, viewing the ongoing developments at Mactung as central to unlocking value across the broader Macpass district, Myers wrote. 1About 3% of the company is owned by insiders and management and 34% by strategic investors like JX and the Lundin Group. The rest is retail. Its market cap is $CA960.99 million and its 52-week trading range is CA$1.30-CA$4.75. <h2 style="text-align: center;">Allied Critical Metals</h2> <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> is strategically advancing its tungsten development projects in Europe, particularly focusing on the Borralha Tungsten Project in Portugal, which was once the largest tungsten producer in Europe. This initiative aligns with global efforts to diversify tungsten production away from Chinese dominance.[OWNERSHIP_CHART-11251] <a href="https://alliedcritical.com/2026/04/07/allied-critical-metals-intersects-over-200-metres-of-breccia-hosted-tungsten-mineralization-at-new-venise-target-expanding-growth-potential-at-the-borralha-project/" target="_blank" rel="noopener">The company announced on April 7</a> that significant progress at Borralha, where drilling has uncovered over 200 meters of breccia-hosted tungsten mineralization at the newly identified Venise Breccia target. This discovery includes zones of hydrothermal alteration and quartz-sulphide veining, visibly containing wolframite, molybdenite, and chalcopyrite. Chief Executive Officer Roy Bonnell expressed optimism about these findings, stating, "These initial results bode very well for our fully funded drilling campaign at the Borralha Project. At the Venise target, we have identified significant mineralization at a second Breccia complex to add to the previously discovered Santa Helena Breccia." He added, "We are encouraged by these early results and continue to believe the Borralha Project is a world-class tungsten deposit with the possibility of being a meaningful new supply of tungsten in a world where pricing is above US$3,000 per mtu (metric tonne unit)." The Venise Breccia, located about 400 meters from the Santa Helena Breccia, which underpins the company's recent Preliminary Economic Assessment (PEA), represents a significant step in exploring previously underexplored breccia-hosted mineralization systems within the project. The visible tungsten mineralization bolsters Allied's strategy to expand its resource base and highlights the potential for additional breccia-hosted mineralization across the broader project area. While these initial observations are promising, further drilling and analysis are necessary to confirm the extent and continuity of the mineralization. The ongoing drilling efforts are moving towards the central portion of the breccia body, aiming to further delineate the mineralization. It's important to note that the Venise Breccia is not currently included in the company's mineral resource estimate (MRE) or the PEA mine plan, the company said. The PEA, which is preliminary in nature, includes inferred mineral resources that are too speculative geologically for economic considerations to be applied in a way that would classify them as mineral reserves, and there is no certainty that the PEA will be realized. The PEA showed an after-tax net present value (NPV) of CA$473.4 million and an internal rate of return (IRR) of 48.8% at a tungsten price of CA$1,365 per metric ton unit WO3, with a payback period of about 2.2 years from the start of commercial production. The project plans include developing an underground mine, a processing plant, and necessary infrastructure, with total life-of-mine capital expenditures estimated at US$178 million. The project has successfully passed significant regulatory milestones, including receiving an Environmental Impact Declaration in January 2026, paving the way for detailed engineering and development with an aim to start construction and production around 2027. Additionally, a 20,000-meter drilling program is in progress to potentially extend the initial 11-year production plan. Beyond Borralha, Allied is also developing the Vila Verde Tungsten-Tin Project, anticipating the construction of a pilot plant in 2026 to process about 150,000 tonnes per year, yielding approximately 250 tonnes of WO3 annually. The company has also signed a letter of intent with Global Tungsten and Powders in Pennsylvania for the sale of tungsten concentrate and is in discussions with other refineries. Thibaut Lepouttre of Caesar's Report told Streetwise Reports: "While the project has been around for a while, but never gained momentum when the tungsten price was US$300-375 per mtu, the current renewed interest and sky-high tungsten price make Borralha's economics very attractive. The company used CA$1000/mtu in its base case scenario (which is 1/3rd of the current spot price), and this yielded an after-tax NPV8% of CA$475M, increasing to almost CA$1B at $1500/mtu. And thanks to the low initial capex, Borralha is establishing itself as one of Europe's best options to increase domestic tungsten production within the EU." Allied Critical Metals underwent a significant transformation, refocusing its business on the exploration and development of tungsten assets following a reverse takeover of Deeprock Minerals in April 2025, <a href="https://www.ad-hoc-news.de/boerse/news/ueberblick/a-strategic-pivot-allied-critical-metals-targets-critical-tungsten-supply/69078522" target="_blank" rel="noopener">according to a report by Ad Hoc News on April 4</a>. Now operating as a dedicated tungsten entity, the company has its primary operations in Portugal, with additional interests in Canada. Since this strategic overhaul in April 2025, Allied's shares have been actively trading on the Canadian Securities Exchange under its existing ticker symbol. This move has allowed the company to fully dedicate its capital and efforts towards its tungsten ventures. In Portugal, Allied Critical Metals is pushing forward with its Borralha tungsten project. A key development occurred in January 2026 when the company received the necessary environmental permit, promptly kicking off an ambitious 20,000-meter drilling program. This initiative aims to enhance the geological understanding of the site and confirm the resource potential of the deposit. Following the release of its financial results for the latter half of 2025 in February 2026, market watchers are keenly awaiting further updates from the company. The results of the ongoing drilling efforts at Borralha, along with additional permitting processes, are expected to shape Allied Critical Metals' operational direction in the upcoming months. 1Insiders own approximately 31% of Allied. About 16% is held by institutions and institutional investors, and the rest is held by retail shareholders. The company has 170.41 million common shares issued and outstanding. Its market cap is CA$306.7 million. Its 52-week range is CA$0.20–CA$1.88 per share. <h2 style="text-align: center;">American Tungsten</h2> American Tungsten Corp. (TUNG:CSE; TUNGF:OTCQB; RK9:FSE) is actively engaged in tungsten exploration and development in the United States, particularly through its IMA Mine Project, as part of a national effort to boost domestic supplies of this critical metal.[OWNERSHIP_CHART-11409] The company announced initial drilling results from the second drill station on the D-Level of the IMA Mine, located in Lemhi County, Idaho, <a href="https://americantungstencorp.com/news/american-tungsten-extends-strike-length-of-tungsten-mineralization-at-ima-mine-idaho-u-s/" target="_blank" rel="noopener">in a release on March 25</a>. The results have revealed significant tungsten-silver intercepts across all drill holes, confirming the continuity of the polymetallic vein system both northwest along strike and up-dip from previously mined areas. Recently, American Tungsten also completed a minority investment in Viking Mines Ltd., acquiring 150,000,000 ordinary shares for AU$750,000 following approval from Viking Mines shareholders. This investment was part of a larger financing initiative by Viking Mines, as noted <a href="https://americantungstencorp.com/news/american-tungsten-completes-c40-million-bought-deal-financing/" target="_blank" rel="noopener">in a March 17 news release</a>. Additionally, American Tungsten successfully closed a bought deal private placement, raising CA$40,002,060. Stifel Canada led this financing as the lead underwriter and sole bookrunner, supported by a syndicate including Integrity Capital Group Inc. and Canaccord Genuity Corp. The placement priced each of the 14,286,450 units at CA$2.80, which included one Class A common share and half of one warrant, with each full warrant exercisable at CA$3.75 until March 18, 2029. The underwriters earned a commission of approximately CA$2,400,123, or 6.0% of the gross proceeds, and received 857,187 broker warrants exercisable until March 18, 2028. The net proceeds from this financing are earmarked for further exploration and development of the IMA Mine Project, alongside working capital and general corporate purposes. The securities issued were distributed through private placement exemptions in Canada, the United States, and other agreed jurisdictions, subject to a four-month hold period as per applicable securities laws. On the operational front, American Tungsten is conducting a 15,000-foot drill program at the IMA Mine, targeting multiple zones to validate historical drilling results. This program is designed to support a future mineral resource estimate and metallurgical testing, essential for economic studies like a preliminary economic assessment. The company is also evaluating on-surface tailings for potential processing and considering expanding its land holdings through the acquisition of the Mazda claims, pending due diligence, financing, and regulatory approvals. Future development milestones include continued drilling, metallurgical testing, an updated mineral resource estimate, followed by a preliminary economic assessment, and eventually, pre-feasibility and feasibility studies. Additionally, the company has outlined a non-binding letter of intent for US$25.5 million in potential debt financing and a non-binding agreement with a U.S.-based offtake partner. 1<a href="https://www.streetwisereports.com/article/2026/03/17/a-strategic-us-metal-story-advances-as-the-next-technical-leg-begins-to-unfold.html?utm_medium=feed" target="_blank" rel="noopener">John Newell of John Newell & Associates rated American Tungsten</a> as a "Speculative Buy" on March 17, citing the inherent risks typical of junior mining companies but recognizing the company's strong fundamentals and improving technical conditions. He set a near-term target price of CA$4 and a broader target of CA$7, reflecting optimism about the company's prospects. About 1.1% of the company is held by insiders and management, about 14.7% is held by institutions. The rest is retail. The company has approximately 49.03 million shares outstanding and a market capitalization of roughly CA$104.82 million. Over the past 52 weeks, the shares have traded in a range of CA$0.03 to CA$0.23. <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. 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 Allied Critical Metals Inc. and American Tungsten 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. 2. Disclosure for the quote from the John Newell article published on May 17, 2026 <ol start="1" type="1"> <li>For the quoted article (published on May 17, 2026), American Tungsten 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. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30906"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30906" width="0" height="0"> ( Companies Mentioned: ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE, AII:TSX;ALM:NASDAQ;ALL:ASX;ALI:Frankfurt, TUNG:CSE; TUNGF:OTCQB; RK9:FSE, FWEDF:OTCMKTS;FWZ:TSX.V), UAMY:NYSEAMERICAN, ) Wed, 15 Apr 2026 00:00:00 PST Massachussetts Biotech Co. Faces Major Melanoma Drug Setback https://www.streetwisereports.com/article/2026/04/14/massachussetts-biotech-co-faces-major-melanoma-drug-setback.html Source: <a href="https://www.streetwisereports.com/article/2026/04/14/massachussetts-biotech-co-faces-major-melanoma-drug-setback.html?utm_medium=feed">Streetwise Reports 04/14/2026</a> Replimune Group Inc.'s (REPL:NASDAQ) RP1 melanoma therapy hits FDA rejection, raising uncertainty around approval timelines and future market potential.<a href="https://www.stockwatch.com/News/Item/U-z9687904-U!REPL-20260410/U/REPL" target="_blank" rel="noopener">A Complete Response Letter (CRL) from the U.S. Food and Drug Administration (USDA) has been released</a> for Replimune Group Inc.'s (REPL:NASDAQ) advanced melanoma cancer drug, RP1. In response to the company's Biologics License Application (BLA), the FDA decided to deny the application, with a senior case member formerly on the project stating that the ". . . BLA clinical team thought the applicant had provided adequate evidence to support contribution of effect of RP1 plus nivolumab, but leadership did not agree." The company offered to meet with the BLA team throughout the review process, but the team declined. The BLA team was 'new' and comprised of members the company had not interacted with before. <a href="https://www.stockwatch.com/News/Item/U-z9687904-U!REPL-20260410/U/REPL" target="_blank" rel="noopener">Sushil Patel, Ph.D., and CEO of Replimune, said in response to the CRL</a>, "It is deeply disappointing that the FDA has not exercised regulatory flexibility to meet patients’ needs given the data supporting strong efficacy and the favorable safety profile. Approximately 8,500 Americans with advanced melanoma die every year. The country's foremost melanoma specialists stood behind the RP1 data. Patients and caregivers pleaded for urgency. All of it was met with inconsistent communication and a fragmented and slow-moving regulatory process which clearly puts U.S. innovation at risk." Patel continued, asserting the cost this delay could have for patients battling melanoma: "As we previously communicated, without timely accelerated approval, the development of RP1 will not be viable. We are devastated for our committed employees who have worked tirelessly for patients, but at this point, we have no choice but to eliminate jobs, including substantially scaling back our U.S.-based manufacturing operations. A treatment desperately needed by patients will not be available. Not because the medicine failed. Because the system did.” The FDA argued that the presented data set was sufficient to allow the drug to be made available to patients, but <a href="https://www.stockwatch.com/News/Item/U-z9687904-U!REPL-20260410/U/REPL" target="_blank" rel="noopener">Replimune disagreed</a>. "In the IGNYTE trial, patients with confirmed progression on an anti-PD-1-based regimen who received RP1 plus nivolumab had a 34% response rate with a median duration of 24.8 months with a favorable safety profile." Much progress has been made in previous BLA meetings, with the FDA permitting the company to submit a BLA based primarily on data from the Phase 2 IGNYTE trial, and even accepted the submission with a 'breakthrough therapy' designation. When Replimune received FDA feedback, a Phase 3 trial to satisfy regulatory requirements began to accelerate approval. But <a href="https://www.stockwatch.com/News/Item/U-z9687904-U!REPL-20260410/U/REPL" target="_blank" rel="noopener">according to an April 10, 2026, Stockwatch.com article</a>, the blame for this denial may lie with the regulatory agency, not the company. The article asserts that several communication issues created contradictions, including: "After testimony from melanoma experts, the agency did not raise further concerns about the heterogeneity of the patient population in IGNYTE and acknowledged that randomizing patients to an anti-PD1-only arm in the confirmatory study was not feasible. Following an agency suggestion, the company submitted a proposal for a descriptive analysis from IGNYTE-3 supporting the contribution of components. The company also included data from IGNYTE showing median progression-free survival on RP1 plus nivolumab was 30.6 months compared to 4.4 months on their prior PD-1-based regimen. The company requested feedback; however, the FDA did not respond and subsequently accepted the resubmission as a complete response to the July 2025 CRL. The FDA raised several points related to tumor assessment methodology. As requested by the FDA, responses in IGNYTE were assessed using RECIST 1.1 without modifications. In addition, the company provided detailed analyses showing no material difference in response rates between injected and non-injected lesions. The company also provided a comprehensive analysis, which showed that biopsies and surgical interventions did not impact tumor response." RP1 (vusolimogene oderparepvec) is based on a proprietary strain of herpes simplex virus engineered with a fusogenic protein (GALV-GP R- and GM-CSF) to attack and kill tumors, and activate the anti-tumor immune response. Replimune is a pharma company focused on cancer treatment based out of Massachusetts, and its RPx platform is the company's primary focus. <h2 style="text-align: center;">Melanoma Market Demands Development</h2> <a href="https://www.stockwatch.com/News/Item/U-z9687904-U!REPL-20260410/U/REPL" target="_blank" rel="noopener">Worldwide, melanoma is the fifth most common form of cancer</a> and was responsible for roughly 8,500 deaths in the U.S. in 2025. Replimune focuses on treating advanced melanoma, which is characterized by a cancerous spread from one tumor to other parts of the body. <a href="https://www.fool.com/investing/stock-market/market-sectors/healthcare/cancer-stocks/" target="_blank" rel="noopener">In a February 26, 2026, article by Keith Speights for The Motley Fool, Speights said</a> that the cost of treating cancer in the U.S. costs roughly US$200 billion in 2020, but that cost is expected to grow to US$245 billion by 2030. A rise in treatment costs also means a rise in stock prices,<a href="https://www.mordorintelligence.com/industry-reports/cancer-therapy-market" target="_blank" rel="noopener"> with Mordor Intelligence writing</a>, "The Cancer Therapy Market size was valued at US$245.18 billion in 2025 and is estimated to grow from US$269.66 billion in 2026 to reach US$446.89 billion by 2031," effectively doubling the market. <h2 style="text-align: center;">Several Analysts Downgrade Stock</h2> According to FactSet, on April 8, 2026, Cantor Fitzgerald analyst Li Watsek gave Replimune a Hold rating with no target price. On the same day, FactSet reported that Piper Sandler analyst Allison Bratzel also gave the company a Hold rating with a US$4 price target. FactSet noted that on April 10, 2026, the below ratings were made: <ol> <li>Leerink Partners analyst Jonathan Chang gave the company a Hold rating with a US$2 target price.</li> <li>WedBush analyst Robert Driscoll gave the company a Hold rating with a US$2 target price. </li> <li>Jefferies analyst Roger Song shared a Buy rating with a US$2 target price. </li> <li>BMO Capital analyst Evan David Seigerman gave the company a sell rating with a US$1 target price.</li> </ol> On April 13, 2026, <a href="https://streetwisereports.com/article/2026/04/13/ma-biotech-co-downgraded-to-sell-after-second-fda-crl-for-rp-1-melanoma-bla.html" target="_blank" rel="noopener">H.C. Wainwright & Co. analysts Robert Burns and Raghuram Selvaraju, Ph.D., downgraded Replimune's stock</a> from a 'Buy' rating to a 'Sell' rating, removing their price target. They cited the ". . . FDA Complete Response Letter (CRL) for the company's lead asset RP-1 that has materially extended — and potentially eliminated — the drug's path to market." [OWNERSHIP_CHART-9741] In reference to the company's financial situation, Burns and Selvaraju wrote, " With no product revenue projected through at least fiscal year 2027, Replimune continues to operate as a pre-commercial entity. The company reported a net loss of US$247.3 million for fiscal year 2025 and is projected to widen its loss to approximately US$307.7 million in fiscal year 2026, before improving modestly to approximately US$250.3 million in fiscal year 2027. Research and development expenses are expected to remain the dominant cost driver, projected at approximately US$219.3 million in fiscal year 2026 and US$187.2 million in fiscal year 2027. On the balance sheet, Replimune held approximately US$269.1 million in cash against US$46.0 million in total debt as of the report date, providing some near-term runway but a limited cushion given the extended development timeline now anticipated." <h2 style="text-align: center;">Ownership & Share Structure1</h2> Replimune Group Inc. has a market cap of US$140.37 million, with 82.57 million shares outstanding. The company's 52-week range is US$1.50-US$13.24. The stock is wholly owned, with Institutions holding 97.32% of shares and Management & Insiders owning 2.68% of 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>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> <li>This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30964"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30964" width="0" height="0"> ( Companies Mentioned: REPL:NASDAQ, ) Tue, 14 Apr 2026 00:00:00 PST Wounded Eagle https://www.streetwisereports.com/article/2026/04/14/wounded-eagle.html Source: <a href="https://www.streetwisereports.com/article/2026/04/14/wounded-eagle.html?utm_medium=feed">Michael Ballanger 04/14/2026</a> Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market and a few stocks he believes are worth looking into.I was reading an interesting statistic the other day that said that "the ongoing US air war over Iran has been far more dangerous for US pilots than the bombing campaign against Saddam Hussein's Iraq in 2003, or Afghanistan in 2001." In fact, as I read on, this story revealed that up until the war in Iran, the last time the US lost a fixed-wing aircraft was on April 10, 2003, when a surface-to-air missile fired from a location in Baghdad took down an A-10 Thunderbolt II fighter jet. While President Trump was telling the American people that "Iran is unable to carry on the fight" and Secretary of defense Pete Hegseth saying that "Iran's air defense capabilities have been destroyed", the Iranians proved conclusively that both statements were falsified due to the loss of as many as twelve fixed-wing aircraft lost to hypersonic missiles designed by the Russians and the Chinese with software modified by the Iranians. The world has always operated on a dollar-based system of international trade, with the payoff being the "umbrella of defense" guaranteed by the U.S. military. This contract allowed Americans to build bases in places like Bahrain, Kuwait, and Qatar in order to project the aura of invincibility in the region. So, when Wall Street Journal articles are printed that detail mass evacuations of staff at embassies in Bahrain last month, one has to question the efficacy of the term "umbrella" if their air defenses were incapable of stopping the Iranian hypersonic missiles from targeting and actually hitting these bases. In fact, there are reports that claim that all of the American bases in the Middle East suffered "catastrophic damage" meaning that they are no longer usable landing zones for aircraft purported to be "invincible". <h2 style="text-align: center;">Downed US Aircraft in Iran</h2> Herbert Hoover was once quoted as saying that "Wars are ordered by old men but fought by young men," and with the current president's approval ratings in freefall, it cannot be helpful that soaring diesel prices and rising mortgage rates are derailing his efforts to secure a Republican victory next November. If there was one thing that contributed to the agony of the 1973-1974 bear market and recession, it was the sagging popularity of then-President Richard Nixon. The mainstream media led by a couple of cub reporters for the Washington Post (Carl Berstein and Bob Woodward) ran story after story about the Watergate break-in until impeachment became inevitable. In fact, it was eight weeks after Nixon's resignation that stocks bottomed, marking the end of the worst bear market since the Great Depression. Investor sentiment rises and falls with presidential approval ratings, and one of the ways to gauge overall confidence is through the University of Michigan Consumer Sentiment survey, which here in April just hit a record low at 47.6. What this tells me is that while stocks are currently enjoying a relief rally, overall sentiment is not conducive to a prolonged recovery in prices. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102029_1.png" alt="" width="650" height="349" /> This weekend, Vice-President Vance meets with the Iranian leadership to discuss ways to end the conflict, and if he is successful, then all eyes revert back to the economy, and with the inflationary ramifications of $100 oil, the big question will be on oil supplies and whether or not the war permanently hampered those supplies. Judging from the late-week trading in oil, I would venture a guess as to the market's confidence in these so-called "peace talks" and with oil hovering just below $100/bbl., the odds of a lasting peace and normalized flow of oil through the Strait of Hormuz are long. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102053_2.png" alt="" width="624" height="278" /> Also interesting is the action in the former market leaders where record highs were registered in the "AI' stocks all through 2025 and into January 2026. With the double-leverage inverse ETF for the Magnificent Seven group of stocks (MAGX:US) down 37.1% from its November top, this ETF is still down 23.1% even after the best week for stocks in 2026. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102111_3.png" alt="" width="624" height="278" /> Then there was the mighty Tesla Inc. (TSLA:NASDAQ), the former favorite pastime for multi-billionaire soon-to-be-trillionaire Elon Musk, whose overpriced EV manufacturer will soon be relegated to "also-ran" status as his newest beach toy — SpaceX Inc. — is about to become the biggest IPO in Wall Street history. Well, if you are a bear on Tesla Inc. as I am and a fervent opponent to the regulatory Hijinx of its founder, CEO, "product architect", and resident promoter/pitchman Elon Musk, then you have to wonder whether he can juggle two mega-deals at the same time. This is particularly relevant when Wall Street's familiar parade of carnival barkers over at CNBC have pivoted from "Elon Tesla" to "Elon SpaceX" as the next big story to talk about now that Bitcoin has fallen into disrepair and ignobility. Whether it is the Mag Seven, Bitcoin, or Tesla, the leaders of the post-COVID liquidity binge, aided and abetted by the Fed and the Treasury department, are no longer leading, and as of April 10th, 2026, no real leaders have raised their hands or thrown their hats into the leadership ring. One might say that the gold miners have been taking on the leadership role despite the crash we had in March because it has been the miners that have roared back into gear. Despite getting cut in half in March, the HUI:US actually went negative YTD at month-end but has since recovered to a highly-respectable 20.56% gain on the year. Compare that to the S&P 500, which is still negative despite this week being the best week of the year, largely as a result of the cease-fire. Now, it will be curious to see what happens if Monday morning comes along and there is either no deal or a weak deal emanating from Islamabad. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102135_4.png" alt="" width="624" height="278" /> Silver has been lagging gold badly since the lows of March 23 were seen. Whereas gold has been powering ahead in full recovery mode, silver has been limping along, albeit in an uptrend, but a far cry from the ascent we all witnessed in January. That moonshot in February was one for the record books and while it was fun for those that sold into the late-January madness (as I did, taking huge heat in the process), it was anything but fun for those that not only drank the Kool-Aid but actually gulped it as they are in now a World of Hurt with losses the likes of which cannot be redeemed simply by "holding on". It is my sincere belief that silver will underperform gold and copper for the rest of the year but will test the territory above $100 by year-end. Whether we see record highs for silver will depend totally on the degree to which $100 oil pushes the U.S. economy into "stagflation" mode. If we get elevated inflation readings in the spring-summer period, accompanied by monetary and fiscal stimulus designed to win votes in November, then commodities, led by the metals, will all advance. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102155_5.png" alt="" width="624" height="278" /> As for my favorite metal — copper — I love the manner in which it is retracing the crash to $5.20/lb. and is now cruising along at $5.85/lb. with $6.00 copper in its crosshairs and that against the backdrop of a cooling global economy and macroeconomic uncertainty flooding the landscape of every continent, irrespective of country. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102216_6.png" alt="" width="624" height="278" /> The leaders in the metals' equity parade include my beloved Freeport-McMoRan Inc. (FCX:NYSE), which I bought back at or near the 2026 low at $52.30, along with a slew of June $55 calls options in a move I affectionately called the "Damn the torpedoes" moment. Since just after the Covid Crash took everything apart at the seams, I have been magically and mystically attracted to FCX:US and consider it the finest-run mining company in the world, with honourary respect to Canada's Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) that runs neck-and-neck with FCX:US depending on the time of day and position of the moon and stars. I declare "Advantage Freeport!" only because of its copper content because as a primary producer of gold, there are none that some even close to AEM. However, copper, like oil. Is found literally everywhere. Because of its universality, copper is where I have the major portion of my capital. No market ever goes straight up, and one look at the LME inventories and I get the impression that copper is a great deal stronger than anyone imagines, and that is because it is rising in the face of bloated inventories. Contrarians would argue that this is exactly when you want to BUY copper, when the supplies appear to be ample and demand is weakening. However, when price action spits squarely into the face of elevated supply. I learned a great many years ago to "Always Trust Price" over any other contradicting input. Inventories started to rise in November of last year and have since shown little signs of abatement (meaning "drawdown") but when you try to picture the amount of copper was used up (destroyed) during the five weeks of belligerence in Iran, you are forced to think "replacement" and that means that over the spring and summer of 2026, a great many drones, missiles, and American ejection seats are going to be in full "Rosie the Riveter" production mode as weaponry stockpiles are reconstituted. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102237_7.png" alt="" width="623" height="383" /> Make no mistake, if there is one vulnerability that the Chinese recognize about their country, it is that they must go "electric". The abject fear that Premier Xi must have felt watching his overdue oil shipments sitting idle, unable to get through the Strait of Hormuz, must have been palpable. China cares not about Iran developing nuclear weapons; they care only about Iranian oil. Until their plan to rid themselves of dependence upon oil has been completed, they will toil feverishly to establish a nation-wide infrastructure of nuclear power, all totally reliant on electricity. With that reliance comes a circular reliance upon metals that conduct electricity, the most notable of which is copper. I continue to hold and add to my junior developers and explorers with trading profits generated from other areas, and while it is maddening to sit and watch the junior names do absolutely nothing for weeks on end, experience has taught me to be patient. Take the example of G2 Goldfields Inc. (GTWO:TSXV) that traded from 2020-2024 in the sub-$1.00 range on skimpy volumes and notable disinterest. Then, in November 2024, it broke out above the $1.00 ceiling and for the past two years has been in a steady state of ascent, culminating with a daring offer from G Mining Ventures (GMIN:TSX.V) that has offered to acquire it for approximately US$2 billion in value. Considering that it has produced a Preliminary Economic Assessment in which it estimates a gold resource of just under 4 million ounces. This means that a new benchmark for "value-per-ounce" calculations has to be in the USD $500 range. While perhaps GMIN:TSX overpaid for GTWO:TSX, but whatever the case may be, juniors like Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB)), valued at less than USD $20 per ounce of in-ground gold, are most certainly mispriced in today's irrational market environment. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026414102306_8.png" alt="" width="624" height="278" /> I am eagerly awaiting the results of the 2026 Masters Golf Tournament as much as I am awaiting the outcome of the weekend "peace talks," but while I am rooting heartily for Rory McElroy to repeat as champion, I am also rooting heartily for a serious resolution to the conflict. Markets cannot function when global thermonuclear war is even the most remote of outcomes and one thing of which I am most fearful is a "WOUNDED EAGLE". The Americans have not played the ultimate battle chip, so if the Iranians continue to flaunt their prowess in the beaks of the American Eagle, they had better be prepared for the wrath of the American War Machine, which could be many, many magnitudes more calamitous than the world could ever imagine. <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 Tesla Inc., Agnico Eagle Mines Ltd., and Getchell Gold Corp.</li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Freeport-McMoRan and Getchell Gold. 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> Michael Ballanger Disclosures This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30961"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30961" width="0" height="0"> Tue, 14 Apr 2026 00:00:00 PST Copper Explorer Validates High-Grade 12.7B Pound Resource in Colombia https://www.streetwisereports.com/article/2026/04/14/copper-explorer-validates-high-grade-12-7b-pound-resource-in-colombia.html Source: <a href="https://www.streetwisereports.com/article/2026/04/14/copper-explorer-validates-high-grade-12-7b-pound-resource-in-colombia.html?utm_medium=feed">Streetwise Reports 04/14/2026</a> Copper Giant Resources Corp. (CGNT:TSXV; LBCMF:OTCQB) announces results from drilling at its Mocoa copper-molybdenum porphyry project in Colombia. Find out why two analysts recommend the stock.Copper Giant Resources Corp. (CGNT:TSXV; LBCMF:OTCQB) announced assay results from the initial directional daughter holes drilled at the Mocoa copper-molybdenum porphyry project in Putumayo, Colombia, <a href="https://www.coppergiant.co/news/26500" target="_blank" rel="noopener">according to an April 14 release</a>. This drilling is part of the company's comprehensive 2026 exploration efforts at Mocoa, a Jurassic-age porphyry deposit known for its extensive copper and molybdenum mineralization, which extends from the surface down to depths surpassing 1,100 vertical meters. "These are our first directional daughter holes at Mocoa, and they've delivered exactly what we interpreted," noted Vice President of Exploration Edwin Naranjo Sierra. "The resource model is validated, and in places exceeded, by what we're seeing in core. This precision drilling approach gives us more high-quality data at lower cost while confirming the continuity and predictability of the system. These results are a key step toward resource conversion and advancing Mocoa toward PEA." The results from the daughter holes MD-059 and MD-060, which originated from mother hole MD-057, along with MD-058 from mother hole MD-056, have shown promising outcomes, the company said These results not only meet but in some areas exceed the current Mineral Resource Estimate (MRE) average grade of 0.51% copper equivalent (CuEq), affirming the accuracy and potential underestimation of the existing resource model. Notably, all three holes reached their target depths while still encountering mineralization. Specifically, MD-058 has notably expanded the mineralization along the southern boundary of the project, extending into zones previously considered non-mineral bearing. This expansion not only confirms the presence of valuable minerals but also strengthens the direction towards the La Estrella target, where an additional drilling rig has been deployed to accelerate exploration. These findings are instrumental in transitioning the resource classification from Inferred to Indicated, moving the Mocoa project closer to a Preliminary Economic Assessment (PEA), Copper Giant said in the release. With two drill rigs actively operating at the site, the company continues to advance its exploration capabilities and deepen its understanding of the project's potential. <h2 style="text-align: center;">Improving Geological Insight</h2> Copper Giant Resources Corp. recently reported significant findings from its drilling activities at Mocoa. Hole MD-060 demonstrated impressive results, the company said, yielding 285 meters of 0.61% CuEq, which includes copper (Cu) at 0.47% and molybdenum (Mo) at 0.026%. Notably, within this stretch, a segment of 68 meters registered a higher grade of 0.97% CuEq, comprising 0.70% Cu and 0.051% Mo, starting at 249 meters and continuing to the end of the mineralization. The final 19 meters of this hole showed a grade of 0.67% CuEq, with 0.52% Cu and 0.027% Mo. Similarly, the release noted that Hole MD-059 encountered 198 meters of 0.63% CuEq, with 0.40% Cu and 0.04% Mo. This included a particularly rich section of 141 meters grading 0.71% CuEq (0.47% Cu and 0.05% Mo), beginning at 355 meters and extending to the end of the mineralized zone. Additionally, MD-058 revealed mineralization in a zone previously considered non-mineralized, uncovering 92 meters of 0.39% CuEq (0.34% Cu and 0.01% Mo) within a span of 448 meters starting at 273 meters. This section passed through a newly discovered microdiorite porphyry phase, enhancing the trajectory toward the La Estrella target. The directional daughter hole MD-058, drilled from mother hole MD-056, is part of Copper Giant's strategic expansion to the south of the current MRE footprint at the Mocoa project. This initiative follows up on earlier drilling results from MD-054 and MD-056, which explored the southern margin of the deposit. Historically, this area was only superficially examined by shallow drilling efforts by Ingeominas and the United Nations, which did not fully reveal the depth and potential of the porphyry system. The company said the new data from MD-058 shows significant copper and molybdenum mineralization in regions previously considered low-grade or non-mineralized, thus extending the known mineral system both southward and deeper. These findings align with earlier results from MD-054 and MD-056, enhancing the understanding of mineralization trends along the southern boundary of the project. This improved geological insight has led to the deployment of an additional drill rig, aimed at further exploring this promising area, particularly towards the La Estrella target situated just south of the current MRE zone. Additionally, the company said it executed its infill drilling strategy by completing holes MD-059 and MD-060 from the established mother hole MD-057. This method allows for the exploration of multiple targets from a single location, which enhances drilling efficiency, increases the amount of geological data collected per meter, and minimizes environmental impact. These holes were strategically placed in areas with previously wide drill spacing to densify data and support the upgrade of certain inferred resources to the indicated category, in preparation for future PEA evaluations. Both MD-059 and MD-060 intersected continuous mineralization typical of the Mocoa copper and molybdenum porphyry system, yielding high-grade intervals that meet or exceed the projections of the current MRE model, the release said. These results are crucial as they validate the company's geological and grade models, confirming the continuity and predictability of higher-grade mineral zones within the deposit. This ongoing success in drilling underscores the potential for further resource development and refinement at the Mocoa project. <h2 style="text-align: center;">'Lots of Avenues' Towards Resource Growth at Project</h2> Copper Giant recently disclosed the results from two additional drill holes as part of their 2026 drilling initiative at Mocoa, wrote Red Cloud Analyst Taylor Combaluzier in an updated research note on March 17. The results from the holes were promising, showing extensive intervals of copper and molybdenum mineralization, the analyst said. This drilling effort focused on areas within the MRE block model that had previously seen limited drilling, and it successfully identified significant high-grade mineralization deeper in the southern boundary of the MRE designated area. The company expressed optimism about these findings, stating, "We view these as encouraging results that reinforce our view that there are lots of avenues towards near-term resource growth at Mocoa." The exploration at Mocoa has revealed that large areas of the pit shell, as defined in the latest MRE update, are still under-explored, particularly in the southern sector, Combaluzier said. Here, the drilling results suggest there might be a geological connection with the La Estrella target located further south. This underlines the potential for further mineral discoveries within the project area. The company believes that "further positive drill results should support conversion and expansion of the 12.7B lb CuEq resource at Mocoa." In pursuit of more detailed and comprehensive data to enhance the project's feasibility, Copper Giant is continuing with additional infill drilling, the analyst said. This ongoing drilling campaign aims to prepare for a PEA-level study, indicating a strategic move towards advancing the project's development and understanding its economic potential. "We maintain our BUY rating and target price of CA$1.40/share," Combaluzier wrote. "We use a sum-of-parts method to derive our target price for CGNT, which is largely based on Mocoa. We value Mocoa on an in-situ basis using US$0.03/lb CuEq. We currently apply a conservative 0.40x multiple to our NAVPS estimate of CA$3.49/sh, to account for the classification of resources as inferred and to reflect jurisdictional and development risk." According to FactSet on March 16, 2026, Research Capital analyst Stuard McDougall also gave the company a Buy rating with a CA$1.75 target price. <h2 style="text-align: center;">The Catalyst: Stronger Future for the Red Metal?</h2> Copper price forecasts used in mining studies, which influence investment choices, have risen by approximately 60% since 2020, indicating a fundamentally stronger future for the metal, <a href="https://www.mining.com/copper-outlook-strengthens-as-long-term-assumptions-climb/" target="_blank" rel="noopener">according to a report by Mining.com on April 13</a>. Research conducted by the Chilean consultancy Plusmining, examining over 300 studies submitted between 2015 and 2026, revealed that base-case copper price predictions have increased from around US$3 per pound during 2015–2020 to an average of about US$4.80 per pound by early 2026. Even after accounting for inflation, long-term projections are still approximately 28% higher in real terms compared to 2020 levels. However, these projections generally remain below current spot prices and fall within historical ranges when compared to past averages. "These patterns suggest companies are not materially over-optimistic, despite raising their long-term expectations," says Andrés González, head of Mining Industry Analysis and author of the study. "Assumptions remain anchored to observable market benchmarks rather than short-term price spikes." This shift indicates a significant change in copper’s demand dynamics as the global transition to renewable energy gains momentum, the piece said. Electric vehicles require significantly more copper than conventional cars, and the expansion of renewable energy systems, power grids, and data centers is driving continuous growth in consumption. This has strengthened the belief that demand will surpass supply in the coming years, embedding a narrative of structural deficit within the industry. This outlook is further intensified by increasing supply challenges. Diminishing ore grades, more complex project development, and permitting processes that can take years are restricting new supply. With an average lead time of 17 years from discovery to production, projects approved today are unlikely to yield significant output until the 2040s. Recent disruptions have highlighted the market's vulnerability. Operational challenges in 2025 at major mines such as Grasberg, Kamoa-Kakula, and El Teniente further tightened supply, driving London Metal Exchange copper prices above US$6 per pound in early 2026 — levels that remain historically high even after adjusting for inflation. "The implications for supply are significant," González wrote. "Projects once considered uneconomic at lower price assumptions are being reassessed, and previously sidelined assets are returning to development pipelines. Capital is beginning to follow, as producers reposition portfolios to secure future copper exposure." Major mining companies are accelerating this transition through consolidation and project integration, with notable merger attempts and asset combinations aimed at unlocking scale and synergies. "As capital flows increasingly toward both new and existing projects, owning copper resources is becoming a strategic priority that will shape the sector’s long-term direction," he said. Price increases driven by the conflict in the Middle East have raised expenses for Codelco, the world's leading copper producer, <a href="https://www.reuters.com/world/americas/middle-east-war-drives-up-codelco-copper-costs-chile-2026-04-13/" target="_blank" rel="noopener">reported Fabian Cambero for Reuters on April 13</a>. Despite this, the Chilean state-owned company remains on course to achieve its production target for 2026, according to Chairman Maximo Pacheco in an interview with Reuters. Codelco plans to produce 1.344 million metric tons of copper this year, following a decline to a 25-year low in 2022 and 2023. The company aims to further increase output to 1.7 million tons by 2030.[OWNERSHIP_CHART-9583] The ongoing conflict in the Middle East has increased Codelco's cash costs by at least 10 cents per pound, which Pacheco described as significant. He noted that "the biggest challenge for the industry is operational continuity," emphasizing the growing difficulty in copper production. However, Codelco has managed to mitigate some of the impact by securing enough sulfuric acid, essential for production, to last the entire year before prices began to rise. "We can weather the current situation with sulfuric acid with relative ease," Pacheco stated. In the first quarter, Codelco produced 271,300 tons of copper, a decrease from the previous year due to planned maintenance, but still within expected levels, according to Pacheco. <h2 style="text-align: center;">Ownership and Share Structure1</h2> 10.74% of Copper Giant is owned by management and insiders with Frank Giustra holding the most with 9.37%. The rest is retail. Copper Giant has 207.66 million shares outstanding, a market cap of CA$149.52 million, and a 52-week range of CA$0.15 - CA$1. <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 Copper Giant.</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" 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=30960"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30960" width="0" height="0"> ( Companies Mentioned: CGNT:TSXV; LBCMF:OTCQB, ) Tue, 14 Apr 2026 00:00:00 PST The Company Quietly Powering Next-Generation AI Chips https://www.streetwisereports.com/article/2026/04/14/the-company-quietly-powering-next-generation-ai-chips.html Source: <a href="https://www.streetwisereports.com/article/2026/04/14/the-company-quietly-powering-next-generation-ai-chips.html?utm_medium=feed">Scott Searle 04/14/2026</a> ROTH Capital Partners reiterated its rating on Adeia Inc. (ADEA:NASDAQ), citing accelerating hybrid bonding adoption in logic chiplets (AMD, Broadcom), 3D NAND (Kioxia, Sandisk), and HBM4e DRAM.Following a "Tech Talk" hosted with Dr. Laura Markirimi, SVP of Engineering at Adeia Inc. (ADEA:NASDAQ), ROTH Capital Partners is maintaining its Buy rating and US$34.00 price target on the shares. Analyst Scott Searle comes away from the event more positive on both the Hybrid Bonding (HB) and Direct-to-Chip (DTC) cooling outlook for 2026 and beyond, highlighting that all roads for higher-density memory and next-generation data center and AI processing lead to hybrid bonding, and that RapidCool's DTC adoption appears to be a matter of "when, not if." <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Hybrid Bonding: The Core Thesis</h2> Hybrid bonding — which dates to Adeia's 2015 acquisition of Ziptronics for US$39 million by then-parent Tessera — now encompasses a portfolio of over 1,100 patents covering methods, processes, and chemistries. The technology enables wafers and dies to be bonded at fine pitch geometries down to 1 micron, delivering more than 30% power consumption savings, improved speed and latency, better thermal characteristics, and lower costs versus legacy interconnect and packaging solutions. With data centers estimated to have consumed over 4% of US electricity in 2023 and demand potentially tripling by 2028, the analyst views power efficiency as a key structural driver of HB adoption. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Logic Chiplets: AMD Deal as a Seminal Catalyst</h2> The recently announced multi-year licensing agreement between Adeia and Advanced Micro Devices Inc. (AMD:NASDAQ) for Adeia's comprehensive semiconductor IP portfolio is described as "a seminal event" that validates HB in logic applications. While financial terms were not disclosed, Searle estimates quarterly royalty payments could begin at approximately US$2 million at the low end before ramping to US$5–10 million or more per quarter as HB is adopted more broadly across AMD's product portfolio. The analyst views the AMD deal as a precursor to additional logic licensing agreements in 2026, with Broadcom Inc. (AVGO:NASDAQ) cited as a likely near-term candidate, alongside Intel Corp. (INTC:NASDAQ), Marvell Technology Inc. (MRVL:NASDAQ), vertically integrated hyperscalers including Amazon.com Inc. (AMZN:NASDAQ), Alphabet Inc. Class A (GOOGL:NASDAQ), and Meta Platforms Inc. (META:NASDAQ), and potentially Nvidia Corp. (NVDA:NASDAQ). Longer term, HB is expected to expand beyond data centers into edge processing and autonomous applications. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">High-Density Memory: NAND and HBM DRAM</h2> Within high-density memory, hybrid bonding is gaining adoption across both NAND and HBM DRAM. In 3D NAND, Kioxia and Western Digital Corp./Sandisk (SNDK: NASDAQ) are current users, with adoption yielding better performance, including more than 30% power reduction and market share gains. By 2030, Allied Market Research projects 3D NAND to represent a US$78 billion market, and Adeia has approximately 90% of the market currently licensed. Near-term revenue growth is expected to be driven by Kioxia and Sandisk, which together hold more than 25% combined market share, as they ramp production. SK Hynix is expected to follow with HB-enabled solutions in 2026–2027. Separately, Samsung Electronics Co. Ltd, SK Hynix, and Micron Technology Inc. (MU:NASDAQ) are already licensed under pre-existing agreements, though with no per-unit royalties — a dynamic expected to shift materially when renewals occur in 2027 and beyond. On the DRAM side, HB adoption is expected to coincide with the commercialization of HBM4e, beginning in 2027. Over 90% of the DRAM market is currently licensed for existing Adeia solutions (primarily wafer-level packaging), but those deals predominantly involved one-time fixed fees that expire in 2027–2028. The analyst anticipates renegotiated agreements will carry meaningfully better unit-based economics. Searle addresses recent investor concerns about JEDEC's potential relaxation of HBM thickness standards, characterizing them as "a red herring" that misses the core driver of HB adoption — performance benefits, including power and thermal efficiency, not form factor — and notes that HB adoption timelines in HBM DRAM remain unchanged. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">TAM and Timing</h2> Across NAND, HBM4 DRAM, and logic chiplets, the analyst believes the total addressable market for hybrid bonding licensing could exceed US$200 million by 2030, and that Adeia can surpass US$100 million in semiconductor sales even without the contribution of DRAM renewals. Recurring semiconductor licensing revenue is modeled to grow from approximately US$24 million in 2025 to US$78 million in 2027, with further acceleration anticipated in 2028 as DRAM renewals are consummated. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">RapidCool: Direct-to-Chip Cooling</h2> Adeia's RapidCool DTC liquid cooling technology reduces thermal resistance by more than 70% through specialized silicon cold plates bonded directly to chips, enabling 2–3x current power densities within existing infrastructure — a key differentiator versus immersion cooling solutions that require full architectural replacements. Given that cooling represents approximately 40% of data center power consumption, commercialization potential is seen as meaningful. Early trials have been encouraging, and the company targets commercial availability in as little as three years (2028+). Importantly, RapidCool is not currently reflected in the analyst's financial estimates, representing potential upside to the model. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Financial Estimates and Valuation</h2> Searle models fiscal 2026 revenue of US$416.1 million, adjusted EBITDA of US$234.9 million, and non-GAAP EPS of US$1.39, followed by fiscal 2027 revenue of US$450.4 million, adjusted EBITDA of US$272.5 million, and non-GAAP EPS of US$1.69. Despite more than doubling since mid-December 2025, ADEA trades at approximately 17x calendar 2027 estimated EPS and 7x+ EV/2027E sales — a discount of more than 30% to peers in the IP/licensing group. The analyst sees a "very reasonable path" to US$3.00 or more in adjusted non-GAAP EPS by 2030 and views the shares as meaningfully undervalued relative to the long-term opportunity. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Risks</h2> Key risks cited include the global macroeconomic environment, uncertainty around OTT licensing progress Netflix Inc. (NFLX:NASDAQ) and Walt Disney Co. (DIS:NYSE) remain unlicensed, with litigation filed against Disney in November 2024), the pace of hybrid bonding adoption, execution risk around DRAM renewal negotiations, and the company's remaining debt load of approximately US$450 million — though Adeia's annualized free cash flow of more than US$150 million is expected to support a leverage target of 2x adjusted EBITDA within 12–18 months. The analyst maintains a Buy rating and US$34.00 price target, equivalent to approximately 20x calendar 2027 estimated adjusted non-GAAP EPS. <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 Micron Technology Inc. and Intel Corp.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> Disclosures for Roth Capital Partners, Adeia Inc., April 14, 2026 Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. For important disclosure information regarding the companies in this summary report, please contact the Director of Research at (800) 678-9147 or write to: ROTH Capital Partners, LLC, Attention: Director of Research, 888 San Clemente Drive, Newport Beach, CA 92660 Disclosures: Within the last twelve months, ROTH Capital Partners, or an affiliate to ROTH Capital Partners, has received compensation for investment banking services from Adeia Inc. and CEVA Inc.. A household member of the research analyst principally responsible for the preparation of research reports on Amazon.com, Inc. is an employee of Amazon.com, Inc. in a non-officer, non-director, and non-advisory board member position. An Associated Person owns debt or equity securities of Meta Platforms, Inc.. A Research Analyst and/or a member of the Analyst's household own(s) debt or equity securities of Adeia Inc. and Amazon.com, Inc.. Within the last twelve months, ROTH Capital Partners, or an affiliate to ROTH Capital Partners, has managed or co-managed a public offering for CEVA Inc.. Distribution of IB Services Firmwide IB Serv./Past 12 Mos. as of April 13, 2026 Rating Count Percent Count Percent Buy [B] 390 76.47 114 29.23 Neutral [N] 90 17.65 7 7.78 Sell [S] 3 0.59 1 33.33 Under Review [UR] 27 5.29 6 22.22 Our rating system attempts to incorporate industry, company and/or overall market risk and volatility. Consequently, at any given point in time, our investment rating on a stock and its implied price movement may not correspond to the stated 12-month price target. Ratings System Definitions - ROTH Capital employs a rating system based on the following: Buy: A rating, which at the time it is instituted and or reiterated, that indicates an expectation of a total return of at least 10% over the next 12 months. Neutral: A rating, which at the time it is instituted and or reiterated, that indicates an expectation of a total return between negative 10% and 10% over the next 12 months. Sell: A rating, which at the time it is instituted and or reiterated, that indicates an expectation that the price will depreciate by more than 10% over the next 12 months. Under Review [UR]: A rating, which at the time it is instituted and or reiterated, indicates the temporary removal of the prior rating, price target and estimates for the security. Prior rating, price target and estimates should no longer be relied upon for UR-rated securities. Not Covered [NC]: ROTH Capital does not publish research or have an opinion about this security. ROTH Capital Partners, LLC and its affiliates expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2026. Member: FINRA/SIPC.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30958"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30958" width="0" height="0"> ( Companies Mentioned: ADEA:NASDAQ, ) Tue, 14 Apr 2026 00:00:00 PST Lara Raises Equity With Major New Shareholder https://www.streetwisereports.com/article/2026/04/14/lara-raises-equity-with-major-new-shareholder.html Source: <a href="https://www.streetwisereports.com/article/2026/04/14/lara-raises-equity-with-major-new-shareholder.html?utm_medium=feed">Adrian Day 04/14/2026</a> Global Analyst Adrian Day assesses recent developments at some companies on his list.Lara Exploration Ltd. (LRA:TSX.V) said it raised C$33,750,000 in its recent offering, just closed, including a new major shareholder. Atalaya Mining, a $1.5 billion Spanish copper producer and member of the FTSE 250 Index, purchased C$13.5 million shares for 7.3% of the outstanding shares, becoming the third-largest shareholder after my management firm and chairman Miles Thompson. As discussed (see Bulletin #1001), this raise gives the company sufficient funds to advance its Planalto Copper project in Brazil to feasibility, and we expect good news flow going forward. Buy. <h2 style="text-align: center;">Royal Gold Sees Five-Year Growth, With More Beyond</h2> Royal Gold Inc. (RGLD:NASDAQ) issued its first five-year guidance (after repeated nagging from analysts at the big Canadian firms!). It is targeting a range between 430k and 480k GEO, which would be 17% growth over this year. The underwhelming headline number excludes Royal's 30% equity interest in the Hod Maden project in Turkey, which it obtained when it bought Sandstorm, and which it wants to convert into a royalty or stream. It includes several expected expansions, but overall may be conservative, and of course, any potential acquisition over the next five years. It also has some large projects expected to start in the few years after 2030, so its longer-term growth profile is quite positive. For this year, Royal is guiding between 366k and 409k GEO, slightly weighted towards the second half of the year. That is growth of 25% over last year. It excludes a few possible deliveries with unknown timing, such as silver delivery catch-up at Pueblo Viejo, so is reasonably conservative. Royal said it has repaid $125 million on its credit facility last month, reducing the balance to $600 million. It has available funds of $800 million. The announcements came ahead of an "investor day" where the company laid out its strategy, growth drivers, and differentiation from other large royalty companies, as well as how it believes it is undervalued relative to its peers. For interested investors, the two-and-a-half hours is well worth watching. <a href="https://www.royalgold.com/home/default.aspx" target="_blank" rel="noopener">You can find it on the Royal Gold webpage</a>, under "investor resources". You will need to register (so I can't provide a direct link). With 90% of this year's revenue from precious metals, of which 80% is from gold, Royal said it had the most diversified asset base of the majors, with more growth, and noted that its biggest knock, the average duration of its assets, has improved. It is undervalued relative to the majors on nearly all metrics. Hold for now, but buy on dips. <h2 style="text-align: center;">Barrick Moves Ahead With North American IPO</h2> Barrick Mining Corp. (ABX:TSX; B:NYSE) announced the formation of a new leadership group to pursue its North American IPO, a signal to the market that it intends pushing ahead. After catching up last year, the stock is lagging again this. We have concerns about the company's new strategy as well as the effectiveness of the proposed IPO if it goes ahead as planned. It also (finally) confirmed the press reports that it was slowing the development of Reko Diq, saying that it continues "to believe in the long-term value" of the project. It also said that there would be "significant" increases to the estimated capital and extension of the timeline. Hold. Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) has acquired a $275 million gold-silver stream on the Jervois Project, a primary copper deposit in the Northern Territory in Australia. Though small, this is a good deal in a positive jurisdiction with favorable returns (12% IRR). The project is expected to be fully operation in 2027. This is Wheaton's first transaction in Australia, a country where royalty and stream funding is beginning to gain acceptance. Hold. TOP BUYS this week, in addition to the above, include Metalla Royalty & Streaming Ltd. (MTA:TSX.V; MTA:NYSE American). We are buying little this week after the strong rally at the end of last week. <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 and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lara Exploration Ltd., Barrick Mining Corp., Wheaton Precious Metals Corp., and Metalla Royalty & Streaming Ltd.</li> <li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: All. 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> Adrian Day Disclosures Adrian Day’s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. www.AdrianDayGlobalAnalyst.com. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor’s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. © 2023. Adrian Day’s Global Analyst. Information and advice herein are intended purely for the subscriber’s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30956"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30956" width="0" height="0"> ( Companies Mentioned: ABX:TSX; B:NYSE, LRA:TSX.V, RGLD:NASDAQ, WPM:TSX; WPM:NYSE, ) Tue, 14 Apr 2026 00:00:00 PST Silver-Gold Producer Launches TSX Trading Breakthrough in Canada https://www.streetwisereports.com/article/2026/04/13/silver-gold-producer-launches-tsx-trading-breakthrough-in-canada.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/silver-gold-producer-launches-tsx-trading-breakthrough-in-canada.html?utm_medium=feed">Streetwise Reports 04/14/2026</a> Contango Silver & Gold Inc. says its common stock has been approved for listing on the Toronto Stock Exchange. Read why one has raised his target price.Contango Silver & Gold Inc. (CTGO:NYSEA; CTGO; TSX) announced that its common stock has been approved for listing on the Toronto Stock Exchange (TSX) and commenced trading on April 13, under the symbol "CTGO," <a href="https://contangoore.com/contango-announces-listing-on-toronto-stock-exchange/" target="_blank" rel="noopener">according to an April 13 release</a>. The CUSIP number for these shares remains 21077F100, consistent with its listing on the New York Stock American Exchange (NYSE American), the company said. "We are pleased to have our Common Shares listed on the TSX, a premier global market for the metals and mining industry," Chief Executive Officer Rick Van Nieuwenhuyse. "Canada’s investment community possesses a deep, fundamental understanding of the resource space, making the TSX the natural home for our company as we scale." He highlighted the company's robust cash flows from its Manh Choh operations and its promising portfolio of high-grade silver and gold projects in Alaska and British Columbia. Van Nieuwenhuyse believes that these factors make Contango an attractive investment opportunity, particularly in light of the company's commitment to the Kitsault Valley project in British Columbia. Van Nieuwenhuyse said he looks forward to the increased visibility and liquidity that the TSX listing offers, which will support the company's exploration and development initiatives and reinforce its position in the Canadian mining sector. However, the exchangeable shares of Dolly Varden Silver Corp., an indirect wholly owned subsidiary of Contango known as ExchangeCo, will not be listed on any exchange, the release noted. Holders of these shares are advised that they can only trade their exchangeable shares by converting them into common shares, as transfers to third parties are restricted without company consent — a consent that will only be granted if permissible by the TSX. To ensure compliance, Contango and ExchangeCo have committed to the TSX that they will not allow the transfer of exchangeable shares without prior written approval from the TSX, except under specific legal circumstances or to a designated subsidiary following proper exchange procedures, Contango said. Additionally, no new issuance of exchangeable shares will occur without TSX's prior approval. Contango said it will use its voting rights as the sole voting shareholder of ExchangeCo to enforce these commitments, which will be disclosed in this press release and in annual filings as long as the exchangeable shares are outstanding. Contango is listed on both the NYSE American and TSX and engaged in the exploration, development, and production of gold and associated minerals primarily in Alaska and the Golden Triangle in British Columbia. The company holds significant interests and leases across various projects in these regions, including a 30% stake in the Peak Gold JV currently in production, and controls a substantial land area for exploration and development. Other notable projects include the Johnson Tract project, the Lucky Shot project, and extensive mineral rights in Alaska and British Columbia, positioning Contango as a significant player in the North American mining industry. <h2 style="text-align: center;">Merger Gets Green Light</h2> Last month, <a href="https://www.streetwisereports.com/article/2026/03/27/contango-ore-dolly-varden-complete-transformative-merger.html?utm_medium=feed" target="_blank" rel="noopener">Contango and Dolly Varden announced the successful completion</a> of their merger after receiving the green light from both shareholders and the courts. For those seeking more detailed information on the merger, it is available in Contango's definitive proxy statement and in Dolly Varden's management information circular, which can be found on Contango's website and on Dolly Varden's SEDAR+ profile, respectively. The merged entity, which continues under the name Contango Silver & Gold Inc., brings together Contango’s profitable Manh Choh gold mine and its advanced exploration projects in Alaska with Dolly Varden's high-grade Kitsault Valley silver-gold project in British Columbia. This union creates a substantial North American mid-tier precious metals producer with a diverse portfolio ranging from advanced exploration to production, large cash reserves, and minimal debt. The leadership team for the merged company includes Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and Chief Financial Officer. The board is chaired by Clynt Nauman, among others. Van Nieuwenhuyse shared his optimism about the merger at the time, stating, "This merger marks the start of an exciting new chapter," and emphasized the combined entity’s robust financial foundation, significant growth potential, and outstanding exploration opportunities. Khunkhun also remarked on the strategic advantages of the merger, noting that "Contango Silver & Gold offers investors exposure to an emerging North American mid-tier producer focused on high-grade silver and gold assets." <h2 style="text-align: center;">Analyst Raises Target Price on Contango</h2> This union is set to create a combined entity boasting a cash reserve of over US$112 million, which will serve as a crucial, non-dilutive financial resource for further exploration activities at the Kitsault Valley, Lucky Shot, and Johnson Tract projects, according to a research note by Analyst Richard Gray of Cormark Capital Markets on March 19. Gray rated the stock Outperform with a US$50 per share price target, a 155% increase from the price at time of writing. In a special meeting on March 17, Contango's shareholders passed all three proposals essential to the merger with Dolly Varden Silver, as detailed in a recent announcement, Gray noted. The first proposal approved the issuance of new Contango shares to Dolly Varden shareholders, where each share of Dolly Varden will be exchanged for 0.1652 of a Contango voting common stock share. The second proposal saw shareholders green-lighting a substantial increase in the company's share count from 45 million to 250 million shares. The third and final proposal ratified the new 2026 Omnibus Incentive Plan. The terms of the merger dictate that existing shareholders of both Contango and Dolly Varden will each own about 50% of the newly merged company on a fully diluted basis, the analyst noted. The exchange ratio has been set at 0.1652 Contango share per Dolly Varden share. Post-merger, the combined entity will possess approximately US$112 million in cash and US$34 million in debt. The merged company will manage a diversified portfolio including the operational Manh Choh mine in Alaska, and high-grade projects such as Lucky Shot and Johnson Tract in Alaska, along with Dolly Varden's historically significant Kitsault Valley project in British Columbia, which has previously produced 20 million ounces Moz of silver and currently holds resources estimated at 64 Moz of silver and 1 Moz of gold. This merger not only diversifies the company’s portfolio across North American jurisdictions but also creates a larger, better-capitalized platform with balanced ownership between the merging entities, Gray said. "Following shareholder approval, we have updated our valuation to reflect the combined company," he wrote. "Our new NAV of US$50 (down from US$66 previous) ascribes US$410 million of value to Kitsault Valley, … includes the US$46 million of cash from Dolly Varden, but is offset by the issuance of an estimated 15.2 million shares to complete the transaction. Despite the lower per-share NAV, we are raising our target price to US$50 (from US$46) on the back of an increased target multiple of 1.00x NAV (up from 0.70x previously), which reflects the new silver optionality in the shares, a Canadian stock listing, and the reduction in the hedge position after the recent equity financing by Contango." <h2 style="text-align: center;">A 'Merger of Equals'</h2> <a href="https://markets.financialcontent.com/stocks/article/marketminute-2026-3-26-consolidation-in-the-north-contango-ore-and-dolly-varden-silver-complete-landmark-merger-to-create-precious-metals-powerhouse" target="_blank" rel="noopener">A March 26 article by MarketMinute for FinancialContent.com</a> described the merger between Contango and Dolly Varden Silver as a "transformative move for the North American mining sector." In a March 26 research note, Cantor Fitzgerald Analyst Mike Kozak referred to the merger's completion as a "modest positive," creating a mid-tier miner with significant cash flow and exploration potential. Kozak maintained a Speculative Buy rating and a price target of US$29/share for Contango. On the same day, Research Capital Corp. Analyst Stuart McDougall announced the discontinuation of coverage for Dolly Varden, advising that the shares would be delisted and investors should no longer rely on previous recommendations. <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/westward-gold-dolly-varden-silver/" target="_blank" rel="noopener">Senior Analyst Jeff Valks from The Gold Advisor commented</a> on the shareholder votes for the merger, noting the overwhelming approval from Dolly Varden's shareholders at 98.78% and a similar positive response from Contango's shareholders. Valks highlighted the strategic consolidation of assets under the merger, often seen as a "merger of equals," and praised Dolly Varden's significant pre-merger drill results which will now enhance Contango's portfolio. Valks described Contango's market position as multifaceted, being part explorer, developer, and producer, and advised a cautious approach to buying more shares post-merger. <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/quality-silver-miners-perform-attractive-silver-plays-9-company-updates/" target="_blank" rel="noopener">Peter Krauth of The Silver Advisor also highlighted</a> Dolly Varden's value among peers on February 25, recommending the company for further research and consideration. <h2 style="text-align: center;">The Catalyst: Negotiations Breakdown Hits Gold, Silver Markets</h2> Gold's price has declined to between US$4,730 and US$4,750, a drop of approximately 0.5-1%, amid escalating geopolitical tensions and a surge in oil prices past US$104, <a href="https://www.fxempire.com/forecasts/article/gold-xauusd-silver-price-forecast-gold-eyes-4800-resistance-amid-blockade-shock-is-a-breakout-imminent-1591116" target="_blank" rel="noopener">according to a report by Arslan Ali for FX Empire on April 13</a>. The breakdown of US-Iran negotiations and a US naval blockade have heightened concerns about persistent inflation. Additionally, a strengthening U.S. dollar, which rose by about 0.3%, is negatively impacting gold's appeal as it does not yield interest. The anticipation of a ceasefire has diminished, causing investors to reconsider the Federal Reserve's approach to interest rates. Higher energy costs may slow the pace of interest rate cuts, potentially capping gold's short-term gains. However, ongoing central bank purchases and investments in gold ETFs are expected to support its price. Analysts predict gold might experience sideways movement, influenced by a stronger dollar and an unclear inflation scenario, but geopolitical flare-ups could drive a rush to gold for safety. Gold traded around US$4,725, maintaining its position above the trendline support near US$4,700. The price is stabilizing, with the 50-day EMA flat at current levels and the 200-day EMA at about US$4,800, acting as a resistance ceiling. The RSI is neutral at 50, indicating uncertainty among traders. A potential rise above US$4,800 could lead to a target of US$4,860, but a drop below $4,700 might push prices down to US$4,650. Silver is currently priced at US$74.30, testing a key support zone between US$73.80 and US$74.00, aligned with an uptrend line, Ali wrote. Despite soft overall momentum, there are signs of buying interest at this level. The 50-day EMA at US$75 is acting as resistance, with the 200-day EMA at US$77. The RSI, hovering around 45-50, suggests a weak bullish outlook. A successful move above US$75 could target US$77, but failing to maintain above US$73.80 could signal further declines. The gold-silver ratio, a measure of the relative performance of gold to silver, has increased significantly from below 45 in January to around 62 in March, and was near 63.7 on April 13, <a href="https://www.livemint.com/market/commodities/goldsilver-ratio-rises-to-63-7-which-precious-metal-gold-or-silver-should-you-pick-amid-rising-us-iran-war-tensions-11776063951370.html" target="_blank" rel="noopener">according to a report by Pranati Deva for Mint Markets on April 13</a>. This rise indicates a shift in investor preference towards gold, especially since the ratio had previously spiked above 100 in April 2025 before falling earlier this year. The current increase suggests that investors are favoring gold as a safer asset amid global uncertainty. Despite gold's relative strength, both gold and silver prices faced downward pressure recently. On Monday, spot gold dropped by 0.4% to US$4,726.64 per ounce, reaching its lowest point since April 7 at US$4,643. U.S. gold futures for June also fell by 0.8% to $4,748.70. Silver experienced even greater losses, with spot prices decreasing by 1.9% to US$74.41 per ounce. [OWNERSHIP_CHART-8181] The decline in precious metals prices was influenced by a stronger dollar, which rose by 0.4%, and a significant increase in crude oil prices, which surged to around US$104 per barrel following the collapse of U.S.-Iran peace talks and a U.S. naval blockade of the Strait of Hormuz, Deva wrote. These developments have heightened inflation concerns and altered expectations regarding U.S. Federal Reserve interest rate cuts, with traders now seeing little likelihood of a rate reduction this year. The gold-silver ratio is used to determine how many ounces of silver are required to purchase one ounce of gold, with a rising ratio indicating gold's outperformance over silver. Analysts predict that the ratio could continue to climb, potentially reaching 68 in the near term and possibly 75, reflecting ongoing relative weakness in silver, the article said. <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 10% of Contango ORE is held by insiders, about 45% by institutions, and the rest, 45%, is retail. Top shareholders include Franklin Advisers Inc. with 2.49%, John P. Juneau with 2.32%, The Vanguard Group Inc. with 2.2%, Kenneth R. Peak Marital Trust with 2.19%, and BlackRock Institutional Trust Co. with 2.05%. Its market cap is US$748.69 million with 32.1 million shares outstanding. It trades in a 52-week range of US$11.23 and US$34.38. <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>Dolly Varden Silver Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Contango Silver & Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30951"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30951" width="0" height="0"> ( Companies Mentioned: CTGO:NYSEA; CTGO;TSX, ) Tue, 14 Apr 2026 00:00:00 PST Biotech Firm Advances Voice-Based Intoxication Tech Aiming to Revolutionize Medical Diagnostics https://www.streetwisereports.com/article/2026/04/13/biotech-firm-advances-voice-based-intoxication-tech-aiming-to-revolutionize-medical-diagnostics.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/biotech-firm-advances-voice-based-intoxication-tech-aiming-to-revolutionize-medical-diagnostics.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> MindBio Therapeutics Corp.'s (MBIO:CSE; MBQIF:OTCQB; WF6:Frankfurt) AI voice model analyzes 140+ biomarkers, targeting non-invasive impairment screening.<a href="https://www.streetwisereports.com/pub/co/11539?utm_medium=feed" target="_blank" rel="noopener">MindBio Therapeutics Corp. (MBIO:CSE; MBQIF:OTCQB; WF6:Frankfurt)</a> <a href="https://mindbiotherapeutics.com/NewsMedia" target="_blank" rel="noopener">announced the completion of its new proprietary technology</a>, Intox CollectTM, a software that has enhanced the company's ability to detect and analyze the human central nervous system for a range of stimulants and depressants. On April 12, 2026, MindBio released a statement, saying,"In a world first, MindBio has developed an AI model that uses over 50 million data points (with that number expected to triple in the coming months) to predict drug and alcohol intoxication with remarkable accuracy, just by using the human voice. The completion of the company's new Intox CollectTM software allows the company to expand its prediction technology to a range of substances that affect the central nervous system, which, when consumed, impair cognition and human performance." MindBio CEO Justin Hanka said about the news release, "The digital health diagnostics market represents a significant opportunity for MindBio to leverage its diagnostics technology with a first mover advantage in speech analytics for drug and alcohol intoxication detection. Our technology gives us a significant advantage in using voice to develop non-invasive health diagnostic tools." MindBio Therapeutics Corp. is a Canadian biotech company intent on leveraging AI technology to analyze the human voice and detect impairment due to alcohol or illicit substances. Through the development of personal-use smartphone apps and mass-use corporate kiosks, MindBio is developing software that could help reduce accidents due to intoxication. The proprietary technology analyzes up to 140 vocal markers, focusing on parameters like spectral entropy, jitter, and shimmer, and speech rate variability. <a href="https://mindbiotherapeutics.com/About" target="_blank" rel="noopener">The company describes </a>its vision as developing ". . . A world where voice-based biomarkers are a standard component of healthcare—enabling continuous, passive health monitoring that catches problems early and improves outcomes for everyone, everywhere." Currently, MindBio is creating inroads into the mining, aviation, construction, and law enforcement industries. <h2 style="text-align: center;">Addiction and Abuse in the Mining Sector</h2> <a href="https://mindbiotherapeutics.com/Investors" target="_blank" rel="noopener">MindBio recently stated</a> that screening for drug and alcohol intoxication at scale can prevent unnecessary harm through the detection of physiological decline. The company offered statistics that estimate a 10-20x increase in suicide risk while heavily intoxicated. It also claims that 40-50% of suicides involve alcohol, noting that the global alcohol harm cost sits at around US$1.6 trillion. The risk of addiction and drug or alcohol abuse rises due to many factors, like parental monitoring, peer pressure, socioeconomic status, type of substance, stress, drug availability, and occupation, according to the <a href="https://americanaddictioncenters.org/workforce-addiction/blue-collar/miners" target="_blank" rel="noopener">American Addiction Centers</a>. They cite the mining industry as "particularly conducive to substance abuse," due to job stress, physical demand, and injuries from prolonged work. The entire biotech sector has shown exponential growth recently. "The global biotechnology market size was estimated at US$1.55 trillion in 2023 and is projected to reach US$3.88 trillion by 2030, growing at a CAGR of 13.96% from 2024 to 2030," <a href="https://www.grandviewresearch.com/industry-analysis/biotechnology-market" target="_blank" rel="noopener">said Grandview Research</a>. In September 2025, <a href="https://www.marketsandmarkets.com/Market-Reports/ai-detector-market-199981626.html" target="_blank" rel="noopener">Market and Market Analysis considered</a> the AI detector market as "undergoing rapid expansion, with estimates projecting a substantial market value surge from approximately US$0.58 billion in 2025 to US$2.06 billion in 2030." <h2 style="text-align: center;">MindBio is Catching Analysts' Attention</h2> On February 3, 2026, <a href="https://www.canadianminingjournal.com/news/mindbios-voice-tech-promises-safer-shafts/" target="_blank" rel="noopener">The Canadian Mining Journal reported</a> that, "Studies in Chile reveal that alcohol consumption among mining workers exceeds 75%, with over 40% classified as problem drinkers." The article noted the potential efficacy of MindBio's kiosks in accident prevention, saying, "A single preventable incident can cost a mining company hundreds of millions in lost production, union boycotts, and insurance and medical expenses." <a href="https://techcouver.com/2026/01/26/ai-app-mindbio-therapeutics-detect-alcohol-intoxication-voice/" target="_blank" rel="noopener">Knowlton Thomas, for Techcouver,</a> wrote on January 26, 2026, that ". . . Leveraging more than 50 million data points from drug and alcohol clinical trials and proprietary algorithms across over 100 acoustic parameters, MindBio is now commercializing its technology." 1Most recently, <a href="https://www.streetwisereports.com/article/2026/04/01/the-worlds-first-ai-voice-detection-for-drugs-alcohol-with-charts-that-beckon-investors-to-buy.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave Streetwise Reports a contributed technical analyst opinion</a> about MindBio on April 1, 2026. Thomson rated MindBio as a 'Strong Speculative Buy', with a short-term price target of CA$1.70, a medium-term price target of CA$3.00, and a long-term price target of CA$6.00. [OWNERSHIP_CHART-11539] <h2 style="text-align: center;">Building Relationships Across Industries</h2> <a href="https://mindbiotherapeutics.com/Investors" target="_blank" rel="noopener">According to the company's latest presentation</a>, MindBio intends to deploy its Edge AI voice drug and alcohol detection kiosks in June 2026, hoping to test at a large scale in zero-tolerance industries. The company is already partnering with mines in South America and is in talks with other industries. While enterprise and telehealth capacities are in development right now, future plans include disease prediction and health optimization. <h2 style="text-align: center;">Ownership & Share Information2</h2> MindBio Therapeutics Corp. has a market cap of CA$7.9 million, with 7.28 million shares outstanding. The company's 52-week trading range is CA$0.50-CA$8.00. Management and Insiders own approximately 5.80% of MindBio Therapeutics shares, with Retail investors holding the remaining 94.20%. <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>MindBio Therapeutics Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of MindBio Therapeutics 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> <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> 1. Disclosure for the quote from the Stewart Thomson article published on April 1, 2026 <ol start="1" type="1"> <li>For the quoted article April 1, 2026, MindBio Therapeutics Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30953"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30953" width="0" height="0"> ( Companies Mentioned: MBIO:CSE; MBQIF:OTCQB; WF6:Frankfurt, ) MBIO:CSE; MBQIF:OTCQB; WF6:Frankfurt Mon, 13 Apr 2026 00:00:00 PST Defense Stocks Ready for a Record-Breaking Rebound https://www.streetwisereports.com/article/2026/04/13/defense-stocks-ready-for-a-record-breaking-rebound.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/defense-stocks-ready-for-a-record-breaking-rebound.html?utm_medium=feed">Jason Simpkins 04/13/2026</a> Jason Simpkins of Wealth Daily shares the stocks that are poised for a rebound in this defense-driven market.In recent days, it came to light that Defense Secretary Pete Hegseth's investment advisor hurriedly acquired stock in arms manufacturers mere moments before the United States initiated combat operations against Iran. Well, if that indeed transpired, he surely didn't strike it rich. The financial instrument under scrutiny — the iShares Defense Industrials Active ETF (IDEF:NASDAQ) — plummeted slightly more than 14% over the course of March. This downward trend corresponded to a broader decline across the defense sector. The iShares Aerospace and Defense ETF (ITA:BATS) plunged 16%, while the Global X Defense Tech ETF (SHLD:NYSEARCA) dropped 12%. All the behemoths of the industry, from Lockheed Martin Corp. (LMT:NYSE) to Rtx Corp. (RTX:NYSE) to General Dynamics Corp. (GD:NYSE), also experienced declines. Meanwhile, the smaller, technology-oriented contractors plummeted even more dramatically. This isn't quite the reaction one would anticipate in response to the eruption of a significant global confrontation. Especially considering that military budgets around the globe have been skyrocketing to unprecedented levels. So what's the explanation? Honestly? Absolutely nothing. A market downturn of this magnitude shows no mercy. The armed conflict with Iran has ushered in such an immense degree of unpredictability and such a multitude of negative repercussions that the market is unloading assets indiscriminately and on a massive scale. Here is the text rewritten with new words while maintaining the original length: Investors are minimizing their exposure, securing their gains, closing out their derivatives positions, and amassing liquidity. And in numerous instances, they are jettisoning their top-performing holdings. This encompasses technology companies, artificial intelligence investments, raw materials, precious metals… And, as you might have surmised, military contractors. Those investment vehicles I alluded to earlier? SHLD surged 52% in the previous year, while ITA climbed 78%. Individual arms manufacturers such as Lockheed Martin also experienced growth, including a 33% increase for GD and a 62% rise for RTX. L3Harris Technologies Inc. (LHX:NYSE) leaped 45%. And Kratos Defense & Security Solutions Inc. (KTOS:NASDAQ) skyrocketed nearly 200%. Similar returns could be discovered throughout the defense industry. And now that the market is under duress, they're retreating. But here's the crux of the matter… They're poised for a resurgence. In the short term, conflicts are escalating across the globe. And in the longer term, military budgets are ballooning as nations respond to a new age of warfare. President Trump recently submitted a colossal defense spending proposal for the upcoming fiscal year. Europe is reassessing its entire defensive stance as Russia encroaches and America withdraws. And smaller, traditionally amicable Asian nations are steeling themselves as China's belligerence intensifies. So if you're currently holding defense contractors, stay the course. They'll rebound. And if you haven't acquired any lately, now is the opportune moment to hunt for bargains. I'd suggest commencing here with an under-the-radar defense tech vendor that's positioned to assume a disproportionately significant role in President Trump's signature defense initiative — the Golden Dome. But truthfully, in this market, you can't err by investing in defense at present. <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 Lockheed Martin.</li> <li>Jason Simpkins: 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">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=30950"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30950" width="0" height="0"> Mon, 13 Apr 2026 00:00:00 PST MA Biotech Co. Downgraded to Sell After Second FDA CRL for RP-1 Melanoma BLA https://www.streetwisereports.com/article/2026/04/13/ma-biotech-co-downgraded-to-sell-after-second-fda-crl-for-rp-1-melanoma-bla.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/ma-biotech-co-downgraded-to-sell-after-second-fda-crl-for-rp-1-melanoma-bla.html?utm_medium=feed">Robert Burns 04/13/2026</a> H.C. Wainwright downgraded Replimune Group (REPL:NASDAQ) to Sell after the FDA issued a second Complete Response Letter for the RP-1 plus Opdivo BLA in anti-PD1 failed melanoma.Published April 13, 2026, H.C. Wainwright & Co. analysts Robert Burns and Raghuram Selvaraju, Ph.D. downgraded Replimune Group Inc. (REPL:NASDAQ) to Sell from Buy and removed their price target, citing a second FDA Complete Response Letter (CRL) for the company's lead asset RP-1 that has materially extended — and potentially eliminated — the drug's path to market. Late last week, Replimune announced that the FDA issued a second CRL in response to the company's resubmitted Biologics License Application (BLA) for RP-1 combined with Opdivo (nivolumab) in anti-PD1 failed melanoma patients. The development caught the market off guard, as the FDA had previously characterized the BLA resubmission as a comprehensive response to the first CRL issued in July 2025. The second CRL cited three principal concerns: the inability to isolate RP-1's individual contribution when administered in combination with nivolumab; heterogeneity in the patient population that prevented adequate interpretation of results; and the absence of a well-established historical control limiting response rate comparisons. The analysts expressed concern that the issues raised — particularly the inability to isolate RP-1's contribution — will likely extend to the ongoing Phase 3 IGNYTE-3 trial evaluating RP-1 plus Opdivo versus the physician's treatment choice, meaning that the trial may ultimately face the same regulatory obstacles. The analysts stated that it "may take until late in this decade" to furnish the agency with the data it appears to be demanding, and cautioned that "there can be no assurance that Replimune would be able to accomplish this." With no product revenue projected through at least fiscal year 2027, Replimune continues to operate as a pre-commercial entity. The company reported a net loss of US$247.3 million for fiscal year 2025 and is projected to widen its loss to approximately US$307.7 million in fiscal year 2026, before improving modestly to approximately US$250.3 million in fiscal year 2027. Research and development expenses are expected to remain the dominant cost driver, projected at approximately US$219.3 million in fiscal year 2026 and US$187.2 million in fiscal year 2027. On the balance sheet, Replimune held approximately US$269.1 million in cash against US$46.0 million in total debt as of the report date, providing some near-term runway but a limited cushion given the extended development timeline now anticipated. The analysts withdrew their prior discounted cash flow (DCF)-based valuation, which had incorporated an 85% probability of approval for RP-1, a 12% discount rate, and a 29% effective tax rate. With the price target removed entirely, the firm cited the substantive likelihood that "the FDA remains antipathic to Replimune's attempts to secure RP1 approval" as the basis for suspending formal valuation. REPL shares were trading at US$4.76 at the time of the report, well below the 52-week high of US$13.24, with a 52-week low of US$2.68. Upside risks identified by the analysts include the possibility of an unexpectedly short timeline for resubmission, FDA willingness to accept incremental clinical data in support of approval, a near-term positive regulatory decision, and favorable data from Replimune's early-stage pipeline of oncolytic virus (OV) candidates. <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> 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> Disclosures for H.C. Wainwright & Co., Replimune Group Inc., April 13, 2026 This material is confidential and intended for use by Institutional Accounts as defined in FINRA Rule 4512(c). It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake, please let us know by e-mail reply to unsubscribe@hcwresearch.com and delete it from your system; you may not copy this message or disclose its contents to anyone. The integrity and security of this message cannot be guaranteed on the Internet. H.C. WAINWRIGHT & CO, LLC RATING SYSTEM: H.C. Wainwright employs a three tier rating system for evaluating both the potential return and risk associated with owning common equity shares of rated firms. The expected return of any given equity is measured on a RELATIVE basis of other companies in the same sector. The price objective is calculated to estimate the potential movements in price that a given equity could reach provided certain targets are met over a defined time horizon. Price objectives are subject to external factors including industry events and market volatility. RETURN ASSESSMENT Market Outperform (Buy): The common stock of the company is expected to outperform a passive index comprised of all the common stock of companies within the same sector. Market Perform (Neutral): The common stock of the company is expected to mimic the performance of a passive index comprised of all the common stock of companies within the same sector. Market Underperform (Sell): The common stock of the company is expected to underperform a passive index comprised of all the common stock of companies within the same sector. Rating and Price Target History for: Replimune Group, Inc. (REPL-US) as of 04-10-2026 25 20 15 10 5 0 Q1 Q2 Q3 2024 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 Q1 Q2 BUY:$50.00 02/10/23 BUY:$51.00 06/05/23 BUY:$50.00 08/07/23 BUY:$48.00 11/13/23 BUY:$10.00 12/08/23 BUY:$12.00 02/15/24 BUY:$17.00 06/07/24 BUY:$21.00 01/22/25 BUY:$22.00 02/13/25 NEUTRAL:NA 07/23/25 BUY:$12.00 10/27/25 Investment Banking Services include, but are not limited to, acting as a manager/co-manager in the underwriting or placement of securities, acting as financial advisor, and/or providing corporate finance or capital markets-related services to a company or one of its affiliates or subsidiaries within the past 12 months. Distribution of Ratings Table as of April 10, 2026 IB Service/Past 12 Months Ratings Count Percent Count Percent Buy 555 83.08% 159 28.65% Neutral 62 9.28% 10 16.13% Sell 1 0.15% 0 0.00% Under Review 50 7.49% 15 30.00% H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer. I, Robert Burns and Raghuram Selvaraju, Ph.D. , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies. None of the research analysts or the research analyst’s household has a financial interest in the securities of Replimune Group, Inc. (including, without limitation, any option, right, warrant, future, long or short position). As of March 31, 2026 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Replimune Group, Inc.. Neither the research analyst nor the Firm knows or has reason to know of any other material conflict of interest at the time of publication of this research report. The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services. The Firm or its affiliates did not receive compensation from Replimune Group, Inc. for investment banking services within twelve months before, but will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report. The Firm does not make a market in Replimune Group, Inc. as of the date of this research report. The securities of the company discussed in this report may be unsuitable for investors depending on their specific investment objectives and financial position. Past performance is no guarantee of future results. This report is offered for informational purposes only, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such would be prohibited. This research report is not intended to provide tax advice or to be used to provide tax advice to any person. Electronic versions of H.C. Wainwright & Co., LLC research reports are made available to all clients simultaneously. No part of this report may be reproduced in any form without the expressed permission of H.C. Wainwright & Co., LLC. Additional information available upon request. H.C. Wainwright & Co., LLC does not provide individually tailored investment advice in research reports. This research report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this research report. H.C. Wainwright & Co., LLC’s and its affiliates’ salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies that reflect opinions that are contrary to the opinions expressed in this research report. H.C. Wainwright & Co., LLC and its affiliates, officers, directors, and employees, excluding its analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives (including options and warrants) thereof of covered companies referred to in this research report. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data on the company, industry or security discussed in the report. All opinions and estimates included in this report constitute the analyst’s judgment as of the date of this report and are subject to change without notice. Securities and other financial instruments discussed in this research report: may lose value; are not insured by the Federal Deposit Insurance Corporation; and are subject to investment risks, including possible loss of the principal amount invested.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30949"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30949" width="0" height="0"> ( Companies Mentioned: REPL:NASDAQ, ) Mon, 13 Apr 2026 00:00:00 PST AI Stocks Reaching New Highs https://www.streetwisereports.com/article/2026/04/13/ai-stocks-reaching-new-highs.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/ai-stocks-reaching-new-highs.html?utm_medium=feed">Stephen McBride 04/13/2026</a> Stephen McBride of RiskHedge shares some AI stocks that are currently soaring.<div data-test-render-count="1"> <div class="group"> <div class="contents"> <div class="group relative relative pb-3" data-is-streaming="false"> <div class="font-claude-response relative leading-[1.65rem] [&_pre>div]:bg-bg-000/50 [&_pre>div]:border-0.5 [&_pre>div]:border-border-400 [&_.ignore-pre-bg>div]:bg-transparent [&_.standard-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.standard-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8 [&_.progressive-markdown_:is(p,blockquote,h1,h2,h3,h4,h5,h6)]:pl-2 [&_.progressive-markdown_:is(p,blockquote,ul,ol,h1,h2,h3,h4,h5,h6)]:pr-8"> <div class="standard-markdown grid-cols-1 grid [&_>_*]:min-w-0 gap-3 standard-markdown"> During my recent two-week sojourn in the US, my family faced a deluge while confined to their abode for remote education. The incoming projectiles were the least of my spouse's concerns! My comrade Marko Papic at BCA Research furnished this graph illustrating the substantial decrease in assaults since the commencement of the conflict. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/202641362020_jakjdkajdl.jpg" alt="" width="620" height="428" /> The S&P 500 and Nasdaq have recently rebounded but still show a deficit for the year. What if I divulged that a particular assemblage of equities is currently attaining unprecedented heights? <ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"> <li class="whitespace-normal break-words pl-2">The most undervalued artificial intelligence (AI) stocks…</li> </ul> That's precisely what I proclaimed when I initially informed Disruption Investor members about optical stocks last December. Notwithstanding the warfare, levies, and AI unpredictability, this cohort is surging skyward. Applied Optoelectronics (AAOI:NASDAQ) has catapulted 280% since January. Lumentum Holdings (LITE:NASDAQ) has ascended 140%. Ciena Corp. (CIEN:NYSE) has more than doubled. And Corning Inc. (GLW:NYSE) is "only" up 90%. Now that's what I call defying the trend! You might be pondering... <ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"> <li class="whitespace-normal break-words pl-2">"What exactly are optical stocks?"</li> </ul> You're aware that tech behemoths are allocating unprecedented sums to construct AI data centers at present. Within these colossal data centers, hundreds of thousands of AI chips (GPUs) are perpetually "conversing" with one another. This is how AI models undergo training and execution. Over nine-tenths of the duration an AI model requires to respond to a query is expended shuttling data to and fro between chips. If the conduits connecting GPUs are sluggish, the chips remain idle. A $40,000 GPU doing zilch is the most exorbitant paperweight in the tech realm. These chips formerly communicated via copper wire. However, as the quantity of AI chips has burgeoned (the computational requirements of top AI models have skyrocketed 1 billion percent since 2010), so too has the necessity for a swifter communication method. We're now extracting the copper wiring and substituting it with fiber optics. <ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"> <li class="whitespace-normal break-words pl-2">Optical cables have always resided outside the data center...</li> </ul> Envision submarine cables, coast-to-coast fiber, and telecom towers. AI is hauling optics inside the data center: into the racks, the network fabric, and even the links between GPUs. In Nvidia Corp.'s (NVDA:NASDAQ) latest GB200/NVL72 systems, the optical components alone can amount to more than $500,000 per rack. For years, fiber was a lackluster, cyclical business with abysmal margins and dreadful customers. It was the epitome of the dot-com implosion. Remember all that "dark fiber?" But fiber excels extraordinarily well at one thing. Rather than transmitting data as electricity over copper, fiber transforms data into laser light and propels it through glass threads finer than a human hair. Corning's CEO articulated it perfectly: Over short distances, photons are 3X more efficient than electrons. Over long distances, it's more like 20X. If you aspire for tens of thousands of GPUs to function as a single brain, optics is the sole path. As hyperscalers construct larger AI clusters and propel network speeds higher, more copper connections are supplanted by optical ones. <ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"> <li class="whitespace-normal break-words pl-2">The crucial takeaway here is that AI is the megatrend of the decade.</li> </ul> If you aspire to profit from AI, you must possess the winners. The magnificent aspect of AI is that it's akin to a sizable, scorching sphere of money minting fresh winners every few months. Fortunately, my team and I have been aboard the AI "gravy train" since 2018, when we initially recommended Nvidia. The inaugural wave of winners was evident: GPUs. When the world exhausted its supply of graphics processing chips, Nvidia exploded by more than 1,000%. It was the sole company furnishing the shovels in a gold rush. Then AI encountered its subsequent limit: power. Training giant models necessitates immense amounts of electricity. That propelled utilities—one of the most insipid sectors in history—to the zenith of the performance charts in 2024. Next came memory. As models expanded from billions to trillions of parameters, the system demanded far more high-bandwidth memory. Micron Technology Inc. (MU:NASDAQ) and SK Hynix surged as AI companies acquired every memory chip they could manufacture. Now the bottleneck is shifting once more. Tens of thousands of GPUs linked together only generate value if they can exchange data rapidly enough to behave as a single machine. That's why fiber optics stocks are hitting new highs despite the fact that the stock market is struggling. It helps to envision AI like a python swallowing a pig. The bulge moves slowly through the system, from one bottleneck to the next. First chips, then power, then memory… and now, data flow. The tidal wave of AI spending doesn't hit one corner of the market and stop. It keeps rolling on, lifting entire sectors investors had written off decades ago. <ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"> <li class="whitespace-normal break-words pl-2">I think the next major AI bottleneck is…</li> </ul> The companies that make the chipmaking machines. ASML Holding NV (ASML:NASDAQ), the first company we ever recommended at RiskHedge, is the grandaddy of this sector. But there are so many more opportunities. These stocks are about to make big moves because most of the current machines can't produce the cutting-edge chips the world needs by the millions. They need to be extensively upgraded. Billions of dollars in new investment will pour into this space in 2026. It's already started. That's why I believe semi-caps are the next big opportunity in AI. [the_jolt_nl] </div> </div> </div> </div> </div> </div>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 Micron Technology Inc.</li> <li>Stephen McBride: 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=30948"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30948" width="0" height="0"> Mon, 13 Apr 2026 00:00:00 PST Fully Allocated Financing at Premium Signals Strategic Investor Demand in Silver Royalty Space https://www.streetwisereports.com/article/2026/04/13/fully-allocated-financing-at-premium-signals-strategic-investor-demand-in-silver-royalty-space.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/fully-allocated-financing-at-premium-signals-strategic-investor-demand-in-silver-royalty-space.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE) announced a CA$4.5 million private placement priced at a 5% premium to market.<a href="https://www.streetwisereports.com/pub/co/10873?utm_medium=feed" target="_blank" rel="noopener">Silver Crown Royalties Inc. (SCRI:CBOE; SLCRF:OTCQX; QS0:FSE)</a> announced <a href="https://silvercrownroyalties.com/wp-content/uploads/2026/04/20260413-SCRI-NR.pdf" target="_blank" rel="noopener">that it has arranged a fully allocated non-brokered private placement of common shares for gross proceeds of approximately CA$4.5 million</a>. The offering consists of 321,429 common shares issued to strategic investors at a price of CA$14 per share. The company stated that the offering price represents a 5% premium to the closing price of the common shares on the Cboe Canada Exchange on April 10, 2026. The company indicated that the offering is expected to close on or about April 17, subject to customary closing conditions, including all necessary regulatory approvals. Common shares issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance. The company also stated that no finders' fees or other consideration will be payable in connection with the offering. <a href="https://silvercrownroyalties.com/wp-content/uploads/2026/04/20260413-SCRI-NR.pdf" target="_blank" rel="noopener">Peter Bures, president and chief executive officer of the corporation, stated</a>, "We are excited to announce this fully allocated, minimally dilutive equity financing at a premium to market. The proceeds will fully finance our pipeline of growth opportunities to our unaffected share price." He added that, "When combined with our nearly CA$10-million cash in hand, the proceeds will fully finance our pipeline of growth opportunities." <h2 style="text-align: center;" data-start="96" data-end="156">Silver Holds Key Levels as Volatility Drives Market Action</h2> <a href="https://excelsiorprosperity.substack.com/p/metals-mania-gold-silver-platinum?utm_source=post-email-title&publication_id=2151927&post_id=193942814&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">According to an April 12 update from Excelsior Prosperity with Shad Marquitz</a>, silver pricing had remained within a wide range, with the metal closing the prior week at US$76.48 after recovering from a decline to US$61.21 on March 23. The report noted that this marked "a 3rd week in a row of green candles, in this relief rally in the silver price," and added that the move occurred while holding above the 50-week Exponential Moving Average support level of US$58.71. The same update highlighted earlier volatility, stating that silver had reached "the all-time intra-week high on January 29 at US$121.78" before reversing to US$63.90 the following week. It also stated that "the overall larger trend is still bullish, and the March correction has not invalidated that trend," while noting that silver would need to hold above US$61.21 on a daily and weekly basis. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-april-13-gold-and-silver-open-lower-then-rebound-after-inflation-report-and-blockade-threat-111030896.html" target="_blank" rel="noopener">Catherine Brock wrote on April 13 that silver futures opened at US$73.69 per ounce, down 3.6% from the previous close of US$76.48, before rising to US$74.47 in early trading. </a>The report stated that the latest CPI data showed March prices increased 3.3%, the largest gain since April 2024, with higher gas prices related to the Iran war identified as the primary contributor. It added that "absent other factors, higher interest rates typically reduce gold demand and pricing," while also noting that escalating geopolitical tensions contributed to market uncertainty. <a href="https://www.fxempire.com/forecasts/article/gold-and-silver-price-analysis-will-the-u-s-blockade-trigger-new-volatility-1591109" target="_blank" rel="noopener">In a separate April 13 analysis, Muhammad Umair wrote that "gold and silver faced initial pressure as rising geopolitical tensions and a surge in oil prices triggered volatility and risk-off sentiment." </a>The report stated that silver had rebounded from a support zone near US$60 and was consolidating above the US$72 level, adding that "as long as silver remains above US$60, the structure still suggests an upward move." It also noted that industrial demand factors influenced silver, stating that "silver demand will be determined by the strength of industrial demand as costs increase," while broader market conditions, including inflation and energy prices, contributed to uncertainty in pricing. <h2 style="text-align: center;" data-start="0" data-end="67">Third Party Commentary Highlights Breakout Momentum and Royalty Model Validation</h2> <a href="https://www.streetwisereports.com/article/2026/01/14/update-momentum-confirms-the-royalty-thesis.html?utm_medium=feed" target="_blank" rel="noopener">In a January 14 report from John Newell of John Newell & Associates, he reiterated his prior rating on the company as a "Speculative Buy,"</a> stating that "since the original article ... was published in late December, the company has moved decisively higher." He wrote that "what was previously a constructive base has now resolved into a strong upside breakout, validating both the technical setup and the underlying silver royalty thesis." Newell also detailed price performance relative to prior targets, stating that the stock "has successfully reached all three previously identified upside targets," including "first target: CA$7.75 met," "second target: CA$9.00 met," and "third target: CA$10.25 met." He added that "the move has been accompanied by strong volume expansion," and noted that "price has pushed well above former resistance, which now shifts into a potential support zone." He further stated that "with the intermediate targets achieved, focus now shifts to the big picture objective at CA$12.50 [met]," which he described as aligning "with longer-term resistance and valuation expansion implied by improving silver fundamentals and portfolio growth." In the same report, he also wrote that "the combination of price confirmation and governance enhancement materially improves the overall risk-reward profile." <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/new-stock-pick-why-precious-metals-retreated-and-whats-next-for-silver/#sc" target="_blank" rel="noopener">According to an April 8 report from Peter Krauth</a>, the company's financial and operational performance was discussed, with Krauth stating that "Silver Crown delivered a strong and transformative 2025, marked by impressive revenue growth and a rapidly expanding silver royalty portfolio." He added that the company reported "record revenue of CA$1.23 million, driven by higher minimum silver deliveries of 22,281 ounces," noting that this represented "standout growth of 53% year-over-year in deliveries and 112% in revenue." Krauth also addressed asset-level developments, stating that the company "expanded its portfolio with key acquisitions," including a royalty on the Igor 4 Project in Peru and exposure to the Scotia Mine in Nova Scotia. He further noted that "the PGDM Complex in Brazil faced temporary setbacks," while "the Elk Gold Mine experienced a pause in operations following a change in ownership," and that "progress at the BacTech bioleaching facility in Ecuador has been slower than expected." In the same April 8 report, Peter Bures, CEO, stated, "2025 was a formative year for your company. We structured and acquired multiple royalties (specifically PPX and EDM), positioning us for aggressive revenue growth in 2026." He added that "with over CA$7 million in cash and silver bullion on our balance sheet, we can add additional royalties without further dilution," and noted that "our pipeline remains robust and we continue to advance a number of royalty opportunities." <h2 style="text-align: center;" data-start="1323" data-end="1384">Operational Milestones and Royalty Portfolio Developments</h2> <a href="https://silvercrownroyalties.com/wp-content/uploads/2024/10/SCRi-CompanyPresentation.pdf" target="_blank" rel="noopener">The company presentation outlined multiple royalty agreements and transaction structures across its portfolio,</a> including staged payments, minimum delivery obligations, and equity-linked components. At the PPX Mining Corp. (PPX:TSXV; PPX:BVL) Igor 4 project in Peru, the company paid US$2.5 million for 15% of silver produced, capped at 225,000 ounces. The operator has the right to increase the silver ounce commitment to 30% from 15% through an additional payment of US$2.5 million in equity. At the EDM Resources (EDM:TSXV;SWNLF:OTCMKTS) Scotia Mine in Nova Scotia, the company paid CA$1.0 million for 90% of silver produced, with the payment split equally between cash and equity. The operator may increase annual silver delivery commitments from 7,000 ounces to 10,000 ounces through an additional CA$500,000 equity payment. At the Pilar Gold PGDM complex in Brazil, the company paid US$2.0 million for 90% of silver produced. The operator retains the option to increase minimum annual silver deliveries from 16,000 ounces to 32,000 ounces through an additional US$1.5 million equity payment. At the BacTech Environmental (OTCMKTS: BCCEF) Ecuador plant, the company paid CA$1.0 million for 90% of silver produced. Additional payments include CA$1.0 million upon funding and CA$2.0 million upon plant startup, both in equity. [OWNERSHIP_CHART-10873] At the Gold Mountain Mining Elk Gold project in British Columbia, the company paid CA$2.5 million for 90% of silver produced. The operator has the option to increase minimum delivery payments in 2,000-ounce increments up to 20,000 ounces, with each increment requiring a CA$500,000 equity payment, for a total potential disbursement of CA$6.5 million. The presentation also stated that the company has averaged two royalties per year and maintains more than 10 active discussions at any given time related to its pipeline of opportunities. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Insiders and management, including their friends and family, hold a total of 21% of the company. Institutions own 12%, and private corporations have 10%, according to the company's investor presentation. As for share structure, Silver Crown has approximately 4.47 million outstanding shares. Its market capitalization is roughly CA$69.2 million, and its 52-week trading range is CA$5.27 to CA$24.91 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Silver Crown Royalties 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 and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver Crown, EDM Resources, and Bactech Environmental Corp.</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=30947"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30947" width="0" height="0"> ( Companies Mentioned: SCRI:CBOE; SLCRF:OTCQX; QS0:FSE, ) Mon, 13 Apr 2026 00:00:00 PST New Drill Results Confirm Expanding Gold Mineralization Across Key Deposit Zone https://www.streetwisereports.com/article/2026/04/13/new-drill-results-confirm-expanding-gold-mineralization-across-key-deposit-zone.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/new-drill-results-confirm-expanding-gold-mineralization-across-key-deposit-zone.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) reported new drill results from its Goldlund Deposit, highlighting continuity across Zone 4 mineralization.<a href="https://www.streetwisereports.com/pub/co/1961?utm_medium=feed" target="_blank" rel="noopener">NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE)</a> reported <a href="https://nexgold.com/nexgold-intersects-1-79-g-t-gold-over-25-6-metres-at-the-goldlund-deposit-ontario/" target="_blank" rel="noopener">additional results from its ongoing diamond drilling program at the Goliath Gold Complex, specifically at the Goldlund Deposit in Ontario</a>. The program comprises up to 25,000 meters of drilling and is focused on infilling and potentially expanding open-pit Mineral Resources. The latest results include 777 meters of drilling across three holes, GL-25-015, GL-25-016, and GL-26-009, targeting Zone 4 mineralization at the northeast end of the deposit. Reported intersections included 1.79 g/t gold over 25.6 meters in hole GL-25-015, 3.22 g/t gold over 10.5 meters in hole GL-25-016, and 1.49 g/t gold over 11.0 meters in hole GL-26-009. These results also included higher-grade intervals within the broader intersections. The company stated that these results confirm previously reported mineralization over an approximate 100-meter dip extent in Zone 4 and are consistent with earlier drill results announced on February 25, 2026. According to the company, the drilling supports continuity of mineralization and provides additional information relevant to the interpretation of grade continuity within the zone. <a href="https://nexgold.com/nexgold-intersects-1-79-g-t-gold-over-25-6-metres-at-the-goldlund-deposit-ontario/" target="_blank" rel="noopener">Kevin Bullock, President and CEO of NexGold, stated in the news release</a>, "The drill results reported today demonstrate continuity of Zone 4 mineralization at deeper levels of open pit Mineral Resources." He added, "I am encouraged by these results, along with those previously reported from this area, which continue to demonstrate a strong tenor of gold mineralization over a 100-meter dip extent, and remain open at depth." <h2 style="text-align: center;" data-start="1590" data-end="1948">Gold Sector Supported by Strong Prices, Central Bank Demand, and Renewed Interest in Junior Miners</h2> Bloomberg wrote on April 9 that gold was "making a quiet comeback" after earlier weakness, with bullion on pace for a third consecutive weekly gain. The report stated that "central bank demand remains solid," with China increasing purchases and Poland continuing to expand reserves. It also noted that bullion-backed exchange-traded funds began to stabilize after prior outflows, with holdings showing "modest builds so far in April." The publication added that macroeconomic conditions, including government debt pressures, "stand to bolster the precious metal's appeal as an asset that operates as a time-tested, highly liquid and independent store of value." <a href="http://www.321gold.com/editorials/sfs/hubbartt041026.html" target="_blank" rel="noopener">According to an analysis published by 321 Gold on April 10</a>, Morris Hubbartt wrote that "the junior gold and silver miners look fantastic, and my long-term charts suggest the biggest action lies ahead." He added that "the hunt is on, for ten, twenty, and thirty baggers," highlighting continued attention on smaller-cap mining equities within the sector. <a href="https://www.reuters.com/world/india/gold-set-third-weekly-gain-us-rate-outlook-offsets-dollar-strength-2026-04-10/" target="_blank" rel="noopener">Reuters reported on April 10 that gold prices were "headed for a weekly gain"</a> as the U.S. dollar weakened following geopolitical developments tied to a U.S.-Iran truce. Spot gold was noted at US$4,761.79 per ounce, gaining nearly 2% for the week. Independent metals trader Tai Wong stated that "gold buyers are carefully reclaiming the narrative this week with higher lows every day," while adding that "a break back above could re-ignite the bull run." David Meger of High Ridge Futures said that as tensions in the Middle East de-escalated, "there has been a little higher expectation of potentially seeing lower interest rates at some point, and the dollar came under pressure," which supported gold prices. The report also noted that bullion continued to be "seen as a hedge against inflation and geopolitical uncertainty," even as high interest rates could weigh on its appeal due to the absence of yield. <div class="flex flex-col text-sm pb-25"> <section class="text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&:has([data-writing-block])>*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:17065ab9-c7df-46e3-92bf-8ff06b2bd215-23" data-testid="conversation-turn-10" data-scroll-anchor="true" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="a707eb62-d8ce-465d-a19c-7fd3cda6601f" data-message-model-slug="gpt-5-3" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="98"> Reports Highlight Development Milestones, Financial Activity, and Technical Indicators</h2> Analyst commentary in January focused on both technical signals and project-level development milestones.<a href="https://www.streetwisereports.com/article/2026/01/23/sell-the-world-buy-gold.html?utm_medium=feed" target="_blank" rel="noopener"> In a January 23 contributor opinion, Stewart Thomson described NexGold Mining Corp. as "another hot CDNX stock," stating that it would "walk the mid-tier talk." </a>He added that "management looks good, and the jurisdiction (Canada) does too. So does the chart," and pointed to momentum indicators, noting, "Blastoff is here! Note the strong buy signal on the Stochastics oscillator (14,7,7 series) at the bottom of the chart." <a href="https://www.streetwisereports.com/article/2026/01/22/in-2026-gold-co-aims-to-move-flagship-project-to-construction.html?utm_medium=feed" target="_blank" rel="noopener">Later in the month, a January 27 report from Ron Stewart of Red Cloud Securities outlined a series of expected development steps.</a> He indicated that the company was anticipated to update its mineral resource, complete a feasibility study, secure financing, and reach a final investment decision for the Goldboro project within the year. Stewart stated, "Goldboro will be the first cab off the rank, with Goliath to follow." Red Cloud maintained a Buy rating at that time with a target price of CA$4.30 per share, based on valuations tied to the Goldboro, Goliath, and Niblack projects, while noting the shares were trading at approximately CA$1.78. The same report reviewed activities carried out during 2025, including the receipt of federal and provincial permits for Goldboro, completion of infill drilling, and continued drilling at Goliath. It also detailed several financial actions, including repayment of a US$12 million debt facility, the repurchase of a net smelter returns royalty, the sale of a 2.9% royalty for US$24 million, and the completion of a bought-deal equity financing totaling CA$112.5 million. Red Cloud's financial model for the Goldboro project outlined estimated production of 1,200,000 ounces over an 11.3-year mine life, with an after-tax net present value discounted at 5% of CA$854 million and an internal rate of return of 52.7%. Subsequent analyst coverage continued into February and March. According to FactSet on February 27, Ron Stewart of Red Cloud Securities assigned a Buy rating with a target price of CA$4.20. FactSet also reported that on March 26, National Bank Financial analyst Alex Terentiew issued a Buy rating with a target price of CA$6.00. </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> <h2 style="text-align: center;" data-start="2278" data-end="2334">2026 Development and Exploration Programs</h2> <a href="https://nexgold.com/wp-content/uploads/2026/04/NEXG-Corporate-Presentation-Apr-2026.pdf" target="_blank" rel="noopener">According to the company's investor presentation</a>, NexGold outlined several development and exploration activities across its projects in 2026. At the Goldboro Gold Project, the company plans to update the Mineral Resource Estimate based on recently completed infill drilling and update the Feasibility Study, including operating costs, capital expenditures, and gold price assumptions. The company also intends to build organizational capacity, finalize contracting and procurement strategies, and advance detailed engineering. Additional activities include commencing procurement for long-lead equipment, finalizing project financing arrangements, and making a final investment and construction decision. The company also plans to initiate an early works construction program in the second half of 2026 to support a full construction ramp-up. Exploration activities include commencing close-spaced infill drilling to define near-surface Mineral Resources and targeting the discovery of additional deposits and mineral resources. [OWNERSHIP_CHART-1961] At the Goliath Gold Complex, NexGold is conducting a 25,000-meter infill drill program at Goldlund to improve mineral resource definition at depth and expand open-pit Mineral Resources. The company is also undertaking additional exploration across the broader property package to discover and grow mineral resources. Environmental baseline and technical studies are being carried out to support permitting, alongside collaboration with First Nations communities and local stakeholders. The company is also evaluating multiple potential project plans and configurations as part of its effort to advance and de-risk the project. <div class="mt-3 w-full empty:hidden"> <div class="text-center"> <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders own 2% of NexGold. Institutions and strategic investors, including Frank Giustra, who holds 5%, collectively own 66% of the company's shares. NexGold has 247.8 million shares issued and outstanding, with a market cap of CA$354.35 million. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> <div class="pointer-events-none h-px w-px absolute bottom-0" aria-hidden="true" data-edge="true"> </div>Important Disclosures:<ol> <li>NexGold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexGold.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30946"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30946" width="0" height="0"> ( Companies Mentioned: NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE, ) NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE Mon, 13 Apr 2026 00:00:00 PST This Explorer Just Moved to Acquire 100% of a Uranium Asset in a Key District https://www.streetwisereports.com/article/2026/04/13/this-explorer-just-moved-to-acquire-100-of-a-uranium-asset-in-a-key-district.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/this-explorer-just-moved-to-acquire-100-of-a-uranium-asset-in-a-key-district.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB) announced a deal to acquire 100% of Quark Uranium Ltd.<a href="https://www.streetwisereports.com/pub/co/11343?utm_medium=feed" target="_blank" rel="noopener">Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB)</a> announced <a href="https://vanguardminingcorp.com/news/vanguard-mining-quark-uranium-acquisition/" target="_blank" rel="noopener">that it has entered into a share exchange agreement with Quark Uranium Ltd. and its shareholders, pursuant to which the company will acquire 100% of the issued and outstanding common shares of Quark.</a> The transaction is described as an arm's length transaction. Under the terms of the definitive agreement, Vanguard will issue an aggregate of 8,000,000 common shares at a deemed price of CA$0.15 per share and make aggregate cash payments of CA$200,000, payable as directed by the shareholders. The proposed transaction implies an aggregate value of approximately CA$1.4 million. The consideration shares will be issued pro rata to the shareholders and will be subject to a statutory hold period of four months and one day from the date of issuance. No finders' fees are payable in connection with the transaction. The proposed transaction remains subject to customary closing conditions, including receipt of required regulatory approvals such as approval of the Canadian Securities Exchange, completion of satisfactory due diligence by each party, the accuracy of representations and warranties, and the fulfillment of all covenants and obligations under the definitive agreement. There can be no assurance that the proposed transaction will be completed as described or at all. The Quark Uranium property consists of eight mineral claims totaling approximately 28,746 hectares located in Saskatchewan, Canada, within the Athabasca Basin region. The property is situated within a uranium-producing district in northern Saskatchewan that has historically accounted for a significant portion of global uranium production. The company stated that the property comprises a contiguous land position in this region and is in proximity to projects operated by Orano Canada and Fission Uranium Corp (TSX:FCU). The properties are at an early stage of exploration and do not contain any known mineral resources or mineral reserves. The company stated that mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on the Quark Uranium property. <a href="https://vanguardminingcorp.com/news/vanguard-mining-quark-uranium-acquisition/" target="_blank" rel="noopener">David C. Greenway, President and CEO of Vanguard Mining Corp., commented in the news release</a>, "Quark's land position in the heart of the western Athabasca Basin, Saskatchewan, represents a strategic addition to Vanguard's uranium portfolio." <h2 style="text-align: center;" data-start="2246" data-end="2467">Uranium Sector Trends and Supply Dynamics</h2> <a href="https://stockhead.com.au/resources/energy-woes-shine-a-light-back-on-uranium/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-04-01-2026&utm_content=httpsstockheadcomauresourcesenergywoesshinealightbackonuranium&utm_medium=email&utm_campaign=Morning%20AM%20NL%20April%201%202026&utm_content=Morning%20AM%20NL%20April%201%202026+CID_d23f557b8a37c4f419f86718b5045006&utm_source=Campaign%20Monitor&utm_term=Energy%20woes%20shine%20a%20light%20back%20on%20uranium" target="_blank" rel="noopener">According to an April 2 article from Mining.com, uranium had returned to focus as governments evaluated long-term energy security solutions amid supply disruptions.</a> Guy Keller of Tribeca Investment Partners stated that "uranium will be back in focus," adding that electricity demand in Europe and the United States had been "trending upwards for the first time in decades," driven in part by artificial intelligence and data center expansion. He also noted that "there's now 38 countries that have pledged to triple nuclear capacity," reflecting a broader shift toward nuclear energy. Keller further stated that "the real bottleneck is coming from uranium," highlighting supply constraints within the sector. An April 6 research spotlight from HoldCo Markets noted U.S. uranium production reached 2.16 million pounds in 2025, representing "the highest yearly amount of domestic US production since 2017," based on EIA data. The report also highlighted supply agreements and production dynamics, noting that a uranium supply deal announced in early March totaled 22 million pounds over nine years at market-related terms. It further stated that production levels remained subject to operational inputs, with management indicating that output "will be contingent to securing the needed level of sulfuric acid for production," while cost estimates had increased to US$35.75 per pound. <a href="https://excelsiorprosperity.substack.com/p/metals-mania-gold-silver-platinum?utm_source=post-email-title&publication_id=2151927&post_id=193942814&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">An April 11 update from Excelsior Prosperity with Shad Marquitz focused on technical price action across the metals complex</a>, noting that recent movements reflected volatility and momentum-driven trading rather than fundamental shifts. The report stated that “pricing thus far in 2026 has been far more volatile, vexing bulls and bears alike,” highlighting fluctuations across multiple metals, including uranium-linked equities within the broader sector. The analysis emphasized that recent market behavior had been influenced by technical trends, stating that “we’ll strictly look dispassionately at the technical price action on the charts, which strips away all that noise and narrative.” It added that momentum-driven participation had played a role across commodities, noting that “outsized moves bring in momentum investors that are agnostic to the sectors they invest in,” with capital flows following price direction rather than underlying fundamentals. The report further stated that “short-term moves in pricing can ignore all of those fundamental physical supply/demand factors,” indicating that trading activity in the metals sector had at times been driven by sentiment and technical positioning. It concluded that “pricing momentum cuts both ways, and accelerates either bull or bear moves,” underscoring the role of market dynamics in shaping sector-wide price action. <h2 style="text-align: center;">Analyst Notes Uranium Growth and Confirmed Technical Breakout</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/25/expanding-a-strategic-footprint-as-the-chart-turns-higher.html?utm_medium=feed" target="_blank" rel="noopener">In a February 25 technical analyst opinion, John Newell of John Newell & Associates stated that he rated Vanguard Mining Corp. as a "Speculative Buy."</a> He wrote that "When a junior begins to align operational progress with technical momentum, it deserves a fresh look. That appears to be unfolding now." Newell stated that "Since our last report, the company has strengthened its South American uranium position and secured environmental permits on its Paraguayan projects, marking tangible progress beyond early-stage concept." He added that "Recent news confirms that Vanguard has expanded its uranium footprint in South America while also receiving environmental permits for its Paraguayan projects. This is important." In his technical analysis, Newell wrote that "The updated chart confirms that Vanguard Mining Corp. has completed a significant technical transition." He stated that "Both the CA$0.32 first target and the CA$0.50 second target have now been met." He added that "The breakout through former resistance occurred on expanding volume, a critical confirmation signal that accumulation was underway rather than a short-lived spike." He further wrote that "Momentum indicators remain constructive, and volume expansion during the breakout phase was decisive." Newell outlined additional price levels, stating "Interim Target: ~CA$0.60 cents," "Third Target: CA$0.90 in play," and "Big Picture Target: CA$1.50." He concluded that "the combination of strategic uranium exposure, copper leverage, and a confirmed technical breakout supports maintaining a Speculative Buy rating at current levels of ~ CA$0.17 cents." <h2 style="text-align: center;" data-start="2469" data-end="2539">Exploration Programs and Corporate Developments</h2> The NI 43-101 technical report recommends a two-phase exploration program at the Redonda project. Phase 1 includes an induced polarization geophysical survey, detailed mapping, and geochemical sampling to refine drill targets. Phase 2 outlines approximately 2,800 meters of diamond drilling across seven holes to test priority targets and expand mineralization. The company also detailed the timeline of its warrant acceleration process. Vanguard exercised its right to accelerate the expiry of certain outstanding warrants previously issued in connection with financings completed in February and August 2025. Notice was provided to warrant holders that the expiry date would be accelerated to March 5, 2026, at 5:00 p.m. PDT. The company reported that the exercise of these warrants resulted in the issuance of 16,875,116 shares and total gross proceeds of US$2,540,366, with a portion of warrants expiring unexercised and a remaining balance of warrants outstanding with a February 2027 expiry. [OWNERSHIP_CHART-11343] <a href="https://vanguardminingcorp.com/Vanguard_Mining_investor_presentation.pdf" target="_blank" rel="noopener">According to the investor presentation,</a> the company outlined additional planned exploration programs across its portfolio. At the Yuty Prometeo project in Paraguay, a confirmatory drill program was scheduled for Fall 2025 to validate historical results. At the Brussels Creek project in British Columbia, trenching and drilling programs were planned for the fourth quarter of 2025 to test priority targets identified through historical work. At the Redonda copper-molybdenum project, a first-pass drilling program was scheduled for 2025, with assay results expected in early 2026 to guide follow-up drilling and resource work. The company also reported that it completed an oversubscribed financing in August 2025 with gross proceeds of CA$2.32 million. The stated use of proceeds included uranium exploration programs in Paraguay, gold-copper exploration at Brussels Creek, and general working capital. <h2 style="text-align: center;">Ownership and Share Structure2</h2> 3.95% of Vanguard Mining is owned by management and insiders. The rest is retail. Vanguard Mining Corp. has 91,822,737 shares outstanding and an estimated market capitalization of approximately US$8.422 million, based on recent trading prices. Shares trade in a 52-week range between US$0.0783 and US$0.49. <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 class="z-0 flex min-h-[46px] justify-start"> </div> <div class="mt-3 w-full empty:hidden"> <div class="text-center"> </div> </div> <div class="pointer-events-none h-px w-px absolute bottom-0" aria-hidden="true" data-edge="true"> </div>Important Disclosures:<ol> <li>Vanguard Mining is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Vanguard Mining 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 Vanguard Mining.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the John Newell article published on February 25, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 25, 2026), Vanguard Mining has paid Street Smart, an affiliate of Streetwise Reports, US$3,050.</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=30944"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30944" width="0" height="0"> ( Companies Mentioned: UUU:CSE; UUUFF:OTC; SL51:FWB, ) UUU:CSE; UUUFF:OTC; SL51:FWB Mon, 13 Apr 2026 00:00:00 PST British Columbia Exploration Co. Unlocks Silver Re-Rating Potential with Mexico Silver Results https://www.streetwisereports.com/article/2026/04/13/british-columbia-exploration-co-unlocks-silver-re-rating-potential-with-mexico-silver-results.html Source: <a href="https://www.streetwisereports.com/article/2026/04/13/british-columbia-exploration-co-unlocks-silver-re-rating-potential-with-mexico-silver-results.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> Mercado Minerals Ltd. (MERC:CSE; MRMNF:OTCQB; M2R:FSE) positions for re-rating with OTCQB listing and drilling across underexplored silver-gold vein systems in Mexico.On April 7, 2026, Mercado Minerals Ltd. (MERC:CSE; MRMNF:OTCQB; M2R:FSE)<a href="https://www.stockwatch.com/News/Item/Z-C!MERC-3802296/C/MERC" target="_blank" rel="noopener"> announced it had begun trading on the OTCQB Venture Market</a> under the symbol MRMNF. The company originally traded on the Canadian Securities Exchange and the Frankfurt Stock Exchange, under the symbols MERC and M2R, respectively. Adding the OTCQB market opens the stock up to be more easily accessed by American Investors. As a silver-focused exploration company, Mercado's debut on the OTCQB Venture Market boosts visibility for the company. Some investors feel more secure buying shares when they know a company has to meet OTCQB's requirements, such as current reporting, a management certification process, and annual verification. The company's common shares are also now eligible for electronic clearing in the U.S. via the Depository Trust Company (DTC), which is expected to simplify trade for American investors. Mercado is a Canadian company focused on exploring the Western silver belt in the Sierra Madre Occidental mining district in Sinaloa, Mexico. T<a href="https://www.mercadominerals.com/_files/ugd/a9ffcd_60c4d2cd36594b58ad582834c4db9f02.pdf?index=true" target="_blank" rel="noopener">he company owns 3,000 hectares</a>, with multiple projects in the area currently advancing. <h2 style="text-align: center;">U.S.-Iran War Causes Metal Dips</h2> On April 13, 2026, <a href="https://www.kitco.com/news/article/2026-04-13/price-pressure-gold-silver-inflation-worries" target="_blank" rel="noopener">Jim Wyckoff for Kitco weighed in on developments between the U.S. and Iran</a> over the weekend. With peace talks failing and an uncertain future for the ceasefire, precious metals are feeling pressure due to high oil prices. President Trump has threatened to blockade the entire Strait of Hormuz, leaving investors fearing more inflation. Wyckoff gave the silver market a rating of 5.5, saying, "May silver futures bulls see their next upside price objective is closing prices above solid technical resistance at US$80.00. The next downside price objective for the bears is closing prices below solid support at the March low of US$61.21. First resistance is seen at this last high of US$77.80 and then at US$80.00. Next support is seen at US$72.50 and then at last week's low of US$69.78." As of the time of this writing, <a href="https://www.kitco.com/charts/silver" target="_blank" rel="noopener">silver was trading at US$73.91</a>. "Silver bulls will want to see pricing get back above that open from that recent 3rd long red candle down in March at US$80.29," <a href="https://excelsiorprosperity.substack.com/p/metals-mania-gold-silver-platinum?utm_source=post-email-title&publication_id=2151927&post_id=193942814&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">wrote Shad Marquitz for Excelsior Prosperity</a> on April 12, 2026. Marquitz noted that the price of silver has oscillated wildly, going from US$121 to US$61, but said the price dip has stayed "... above the 50-week Exponential Moving Average (EMA) support, which was US$58.71 at the time." <h2 style="text-align: center;">Stock is 'Flying Under the Radar'</h2> <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/new-stock-pick-this-silver-explorer-is-flying-under-the-radar-but-drilling-could-soon-lead-to-a-re-rate/" target="_blank" rel="noopener">Jeff Clark and Daniel Flynn of The Gold Advisor discussed Mercado</a> in an April 9, 2026, report. They wrote, "Mercado is well funded, led by a strong team, and backed by two highly prospective projects in one of Mexico's best silver-gold belts. With drilling set to become the real value trigger, we think a recent share price pullback—driven by broader market volatility rather than company-specific issues—offers an attractive entry point ahead of what could be a very important stretch for the story. Any further weakness could provide an opportunity to add more." They went on to say, "We're officially adding Mercado Minerals to the Paydirt Prospector portfolio and will cover all major developments going forward." Clark said that Mercado is likely to have a re-rating and that he will be investing in the company. <h2 style="text-align: center;">Drill Programs Planned</h2> <a href="https://www.mercadominerals.com/_files/ugd/a9ffcd_60c4d2cd36594b58ad582834c4db9f02.pdf?index=true" target="_blank" rel="noopener">Mercado's investor presentation</a> lists 2026 upcoming catalysts for both its Copalito Project and its Zamora Project. At Copalito, the company has commenced a 3,000 meter drilling program to test four high-priority targets at 5 Señores, El Agua, and La Chivas. These sites have the potential to produce more metals, as only roughly 60% of the known vein strike has been tested, and those tests only went up to 100 meters deep. [OWNERSHIP_CHART-11572] On April 2, 2026, <a href="https://aheadoftheherd.com/five-aoth-sponsors-with-aggressive-exploration-programs-this-year-richard-mills/" target="_blank" rel="noopener">CEO Daniel Rodriguez announced survey results for Copalito</a>: "The LiDAR survey is a great tool to help guide our team to new areas of interest. LiDAR analysis, in conjunction with the airborne magnetics, successfully identified many of the known veins and structures without having access to that existing information. This gives us more confidence in the new potential veins and structures identified by the interpretation method. The goal is to generate new targets for future drilling and to start to show the full potential of the Copalito project." At the Zamora Project, the company is bringing 30,000 hectares of concessions back into good standing, planning maiden drill targeting of surface and underground sampling. Targets include 14 high-grade silver-gold vein occurrences. <h2 style="text-align: center;">Ownership & Share Structure1</h2> Mercado Minerals Ltd. has a market cap of CA$16.09 million, with 75 million shares outstanding. The company's 52-week range is CA$0.10-CA$0.49. Management and Insiders own 6.5% of shares, while Strategic Investors own 27.9%. The remaining 65.6% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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=30941"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30941" width="0" height="0"> ( Companies Mentioned: MERC:CSE;MRMNF:OTCQB;M2R:FSE, ) Mon, 13 Apr 2026 00:00:00 PST Gold Co. With Paleochannel System Discovery Expands Exploration in Brazil https://www.streetwisereports.com/article/2026/04/09/gold-co-with-paleochannel-system-discovery-expands-exploration-in-brazil.html Source: <a href="https://www.streetwisereports.com/article/2026/04/09/gold-co-with-paleochannel-system-discovery-expands-exploration-in-brazil.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> Canary Gold Corp. (BRAZ:CSE; CNYGF:OTC; K5D:FSE) installs a second centrifuge at its exploration facility in Brazil. Read one analyst's review of the stock.<a href="https://www.streetwisereports.com/pub/co/11442?utm_medium=feed" target="_blank" rel="noopener">Canary Gold Corp. (BRAZ:CSE; CNYGF:OTC; K5D:FSE)</a> is announced the recent installation and commissioning of a new centrifuge at its exploration sampling facility in Porto Velho, Rondônia, Brazil, <a href="https://www.thenewswire.com/press-releases/1k49F4720-canary-gold-corp-announces-installation-of-second-centrifuge-at-porto-velho-sampling-facility.html" target="_blank" rel="noopener">according to an April 9 release</a>. This second centrifuge is set to boost the sample processing capacity, significantly aiding the company's expanding reconnaissance drilling efforts at the Madeira River Project. Canary Gold has been actively conducting a systematic exploration program across its extensive land package, which spans about 80 kilometers of gold-bearing stratigraphy linked to the Madeira River system. The addition of this centrifuge is aimed at enhancing processing capabilities, thereby reducing turnaround times and accommodating the growing volume of samples as field operations increase. The Madeira River Project continues to be a pivotal element of Canary Gold’s exploration strategy. The company is focused on swiftly assessing and prioritizing targets throughout the extensive project area through a data-driven methodology. "We are pleased to have installed a second centrifuge at our Porto Velho facility, which represents another important step in scaling our exploration activities at the Madeira River Project," said President Mark Tommasi. This additional capacity is expected to enhance our ability to process samples efficiently and support the continued advancement of our reconnaissance drilling efforts across the project." <a href="https://www.jxscmachine.com/gravity-separator/gold-centrifugal-concentrator/#:~:text=The%20rotor%20of%20the%20centrifuge,it%20is%20up%20to%2097%25.&text=JXSC%20supply%20alluvial%20gold%20mining,list%20and%20the%20latest%20price." target="_blank" rel="noopener">Gold centrifuges</a> play a critical role in sampling and mining by using high G-forces to efficiently separate fine gold from lighter waste materials. They excel at recovering fine-grained, free gold, often achieving up to 99% recovery in both hard rock and alluvial deposits. <h2 style="text-align: center;">Breakthrough Paleochannel System Discovered</h2> Last month, <a href="https://www.streetwisereports.com/article/2026/03/24/gold-explorer-discovers-breakthrough-paleochannel-system-in-brazil.html?utm_medium=feed">the company released preliminary results</a> from drilling at its Madeira River Project in Brazil, indicating the discovery of a significant paleochannel gold system. The company's recent shallow drilling efforts have successfully intersected continuous layers of sand and gravel, ranging from 1 to 3 meters in thickness at depths of 10 to 20 meters, aligning with geological expectations for ancient gold-bearing river systems. Tommasi described the findings as a breakthrough, noting the geological consistency and the recovery of gold across multiple consecutive drill holes which boosts confidence in the potential of a substantial gold-bearing system. From a single 200-meter drill line, gold has been extracted from seven consecutive drill holes, demonstrating lateral continuity within the targeted horizon, with spacing between holes ranging from 25 to 50 meters, the company said at the time. Remarkably, two of these holes revealed exceptionally high gold grain counts in approximately 3-meter vertical sections, with some samples containing over 105 fine gold grains, the highest observed within the project area to date. It's important to note that gold grain counts do not directly correlate with gold grade or economic potential. Canary said the discovery of rock types associated with the Mocururu Formation in several drill holes further supports its exploration strategy. These early-stage results have led to a preliminary assessment that a preserved paleochannel system wider than 200 meters has been intersected, suggesting the potential for a broad, gold-rich system, pending further exploration. Canary Gold is advancing the next phase of exploration with systematic follow-up drilling, including creating step-out holes along parallel lines to more accurately determine the shape, consistency, and distribution of gold within the system. The company is also enhancing its sampling and analytical methods for more comprehensive assessments and boosting operational capabilities with new equipment to improve drilling efficiency and sample recovery. The expected deployment of a combined air-core/reverse circulation (AC/RC) drilling rig should accelerate drilling activities and expand exploration across the larger target area. <h2 style="text-align: center;">Region Renowned for Rich Placer Deposits</h2> 1<a href="https://www.streetwisereports.com/article/2025/12/05/brazils-gold-reset-and-a-new-paleochannel-bet.html?utm_medium=feed" target="_blank" rel="noopener">According to a review of the stock by Technical Analyst John Newell on December 5, 2025</a>, Canary is strategically positioned to benefit from the rising gold prices and a favorable market environment in Brazil. Newell praised the country for its innovative approaches in gold discovery, tracking, and regulation, and acknowledged Canary Gold's significant role in these advancements. The company oversees about 163,000 hectares along the Madeira River system, a region renowned for its rich placer deposits that historically produced over 7 million ounces (Moz) of gold from the 1970s through the 1990s. Newell discussed Canary's exploration theory that the gold historically gathered by local artisans might have originated from the Bolivian Andes, traveled to the Madeira Basin, and accumulated in a cemented, iron-rich layer known as Mocururu. This layer is believed to be a preserved paleoplacer surface that spans a large part of Canary's project area and could be the primary source of the region's alluvial gold. Over the past three years, Canary has carried out extensive geological surveys, including resistivity surveys, radiometrics, sonic drilling, and aircore drilling, to map this horizon and verify its presence under a shallow cover across an approximately 80-kilometer stretch. These efforts have uncovered visible gold in Mocururu sediments and pan concentrates, with high-resistivity bands indicating that the duricrust horizon is situated 1–30 meters below the surface. The company is now transitioning from theoretical exploration to systematic drill testing. Looking ahead, Newell is optimistic about the potential outcomes of the drilling program within a robust gold market, suggesting that progressing towards a more ambitious long-term goal could be within reach. He noted that the stock has the potential to quickly react to positive developments, with a next technical target around CA$0.60. Concluding his analysis, Newell recommended Canary Gold Corp. as a Speculative Buy for investors looking for leveraged exposure to an unfolding Brazilian gold narrative, underscored by significant upcoming drilling activities. <h2 style="text-align: center;">The Catalyst: Gold Inches Higher</h2> On Thursday, gold prices saw an increase of over 1% as a weakening U.S. dollar provided support, amidst investor scrutiny of the ongoing fragile ceasefire between Washington and Tehran and anticipation of the U.S. consumer price index data for March, scheduled for release on Friday, <a href="https://www.cnbc.com/2026/04/09/gold-rises-as-investors-eye-us-iran-ceasefire-brace-for-inflation-data.html" target="_blank" rel="noopener">according to a report by Reuters published on CNBC April 9</a>. Spot gold rose by 1.7% to US$4,796.50 per ounce by 11:37 a.m. ET, reaching a near three-week high, while U.S. gold futures also climbed by 1% to US$4,823.00. The dip in the U.S. dollar index made gold more accessible to buyers holding other currencies. Bob Haberkorn, a senior market strategist at RJO Futures, commented, "The weaker dollar has helped gold regain its footing, but there is caution in the market as participants try to interpret what the ceasefire means." He noted that although the ceasefire news initially boosted gold prices, they have since retracted from those peaks as uncertainties emerge, the article noted. Further complicating the geopolitical landscape, Israel conducted more bombings in Lebanon, which Tehran insists must be included in the ceasefire agreement, and there was no indication that Iran had ended its blockade of the Strait of Hormuz. These geopolitical tensions and the potential breakdown in negotiations threaten to escalate energy costs and inflation, potentially prompting the Federal Reserve to maintain higher interest rates for an extended period. This scenario could diminish the attractiveness of non-yielding gold, despite its status as a traditional hedge against inflation. Since the onset of the U.S.-Israeli conflict with Iran on February 28, spot gold has fallen nearly 10%. The market is now poised for the upcoming release of U.S. consumer price index data for March, which could further influence investment decisions. Montreal-based BCA Research has maintained a bullish stance on gold since late 2022, and despite adopting a tactically cautious approach since the beginning of the year, the firm continues to hold a long-term positive view on this precious metal, <a href="https://www.kitco.com/news/article/2026-04-09/short-term-tactical-risks-remain-elevated-gold-prices-can-still-push-higher" target="_blank" rel="noopener">reported Neils Chrinstensen for Kitco News on April 9</a>. In a discussion with Kitco, Roukaya Ibrahim, chief commodity strategist at BCA Research, expressed that although gold prices are currently facing vulnerabilities from speculative positioning, real interest rates, and geopolitical tensions, she anticipates an upward trend in prices continuing into early 2027. Ibrahim detailed that the ongoing bull market for gold has progressed through several distinct stages, starting with robust purchasing by central banks, escalating to increased demand due to geopolitical tensions, and most recently, experiencing a wave of speculative buying. [OWNERSHIP_CHART-11442] "The latest phase has been very, very speculative in nature," Ibrahim remarked, highlighting the significant contributions from Asian investors funneling money into exchange-traded funds. She cautioned, "The risk is that these flows can reverse quickly once prices begin to decline, which creates vulnerability for the market." This recent speculative surge has led to gold increasingly mirroring the behavior of a risk asset, showing a stronger correlation with equities than in the past. Concurrently, Ibrahim noted that gold has resumed its traditional inverse relationship with real interest rates, positioning monetary policy expectations as a crucial determinant of its future price movements. <h2 style="text-align: center;">Ownership and Share Structure2</h2> Approximately 3.32% of the company is owned by insiders and management, along with a strategic corporation, Earth Sciences Inc., which holds 4.92%. The remainder is held by retail investors. Other significant shareholders include CEO Andrew Lee Smith with 2.66%, CEO Mark Tommasi with 0.52%, Hein Poulus with 0.52%, and Al Kanji with 0.13%. The company's market capitalization is CA$16.55 million, with 75.21 million shares outstanding. It trades within a 52-week range of CA$0.19 to CA$0.48. <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>Canary Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Canary 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> <ol> <li>Disclosure for the quote from the John Newell article published on December 5, 2025</li> </ol> <ol> <li>For the quoted article (published on December 5, 2025), Canary Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</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. <ol> <li>Ownership and Share Structure Information</li> </ol> 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=30932"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30932" width="0" height="0"> ( Companies Mentioned: BRAZ:CSE;CNYGF:OTC;K5D:FSE, ) BRAZ:CSE;CNYGF:OTC;K5D:FSE Mon, 13 Apr 2026 00:00:00 PST Development Co. Accelerates High-Grade Gold Opportunity in Nevada https://www.streetwisereports.com/article/2026/04/09/development-co-accelerates-high-grade-gold-opportunity-in-nevada.html Source: <a href="https://www.streetwisereports.com/article/2026/04/09/development-co-accelerates-high-grade-gold-opportunity-in-nevada.html?utm_medium=feed">Streetwise Reports 04/13/2026</a> Star Gold Corp. (SRGZ:OTCQB) advances a large Nevada system with verified gold and silver, multiple untapped zones, and a clear path to near-term production growth.<a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> is putting its long-held Longstreet Gold Project in Nevada into play, given the recent rise in gold prices. At Streetwise Reports, we had the opportunity to catch up with Star Gold CEO Lindsay Gorrill for an in-depth chat on the company and its trajectory on April 8, 2026. Gorrill has built and sold five mines in the past, all in Canada, the U.S., or India, and he acquired the Longstreet project between 2011 and 2013 after a worldwide economic downturn. Now that gold prices are hovering between US$4,000 and US$5,000, Star Gold is ready to put the mine into production. Gorrill said that Star Gold is known as ". . . a small gold mine exploration company, which we're actually not — we're actually a development company ready to go to production," given the resources and investments the company has already made in the property. Star Gold was comfortable pouring resources into this area because it is located very close to the Kinross Nevada project, and its management team believes Longstreet is very similar in geology to what Kinross Gold Corp. (K:TSX; KGC:NYSE) has been mining. The company has done all the archeological, flora, and fauna studies, which show that there is nothing there to impede a permit. In another major step, Star Gold has acquired private water rights. Star Gold has had verified gold and silver results in its Main Zone, which makes up only 2% of its current resource package. Gorrill and his team have drilled other areas, finding significant gold resources at 8 sites, with more to go. Overall, the resource is a lot bigger than expected while still being mostly untested. In our interview, he referred to future potential drilling sites, saying, "Wow, just the tip of the iceberg, right?" A modeling video of the Main Zone and Longstreet Project can be found <a href="https://vimeo.com/1161280816?fl=pl&fe=sh" target="_blank" rel="noopener">here</a>. Gorrill said, "If you believe gold is going to stay at or above US$2,000 and silver is going to stay at or above US$25, this is the investment of a lifetime." The takeaway? Star Gold is confident that the mineralization is proven and accessible in a profitable manner. Gorrill said, "Let's go get it." <h2 style="text-align: center;">The Gold Sector is Stabilizing</h2> Gold is still up way higher than Gorrill's price target market despite recent losses. According to Factset on April 8, 2026, "Copper led the base metals to the upside as economic growth implications from the US/Iran ceasefire were assessed by the market. Silver and gold remained higher, though pared gains through the remainder of the session as investors also digested the March FOMC meeting minutes, noting many participants pointed to risks from inflation remaining higher for longer." June futures for gold opened at US$4,744.80 per troy ounce on April 9, which is 0.7% lower than April 8, but <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-thursday-april-9-prices-steady-amid-conflicting-reports-on-the-strait-of-hormuz-110458739.html" target="_blank" rel="noopener"> Catherine Brock of Yahoo Finance called them</a> ". . . steady amid conflicting reports on the Strait of Hormuz," in an April 9, 2026, article. President Donald Trumphas demanded a complete opening of the waterway, but an Iranian news agency has reported the strait will remain closed due to ongoing attacks from Israel. This continued conflict has raised concern about continued higher oil prices, which means higher interest rates and inflation. Brock wrote, "Higher interest rates tend to suppress gold demand and pricing." While the Federal Reserve doesn't expect rampant price increases, inflation is on track to rise slightly above the original 2% target index. <a href="https://www.kitco.com/news/article/2026-04-09/mild-price-pressure-gold-silver-ahead-us-data" target="_blank" rel="noopener">In an article for Kitco on April 9, Jim Wyckoff wrote</a>, "This morning’s personal income and outlays report is likely to show the key PCE price index rising by 0.4% month over month in February 2026, slightly above January’s 0.3% increase. The core PCE index, which excludes food and energy, is also projected to grow by 0.4%, matching the previous month’s pace. On a year-over-year basis, headline PCE inflation is likely to remain steady at 2.8%, while the core rate is expected to ease slightly to 3% from 3.1%." Experts expect the price of gold to remain relatively steady despite recent instability. <h2 style="text-align: center;">Previously Quiet Stock Gaining Momentum</h2> 1In a March 6, 2026, contributed technical analyst opinion piece for Streetwise Reports,<a href="https://www.streetwisereports.com/article/2026/03/06/a-nevada-gold-project-in-the-shadow-of-one-of-americas-largest-mines.html?utm_medium=feed" target="_blank" rel="noopener"> John Newell of John Newell & Associates weighed in on Star Gold's stock</a>. He said, "The chart for Star Gold is beginning to show the kind of structure technicians often watch for after a long period of neglect. Following years of quiet trading during the junior mining bear market, the shares appear to have built a broad accumulation base. These long bases are important because they represent a gradual transfer of stock from discouraged holders into stronger hands willing to wait for the next cycle." Newell argued that the stock has been largely ignored but has historically attracted strong buying interest during rallies, saying, "If the shares can establish a sustained move above the US$0.18 level, the chart begins to suggest a potential advance toward the US$0.40 area, which represents the next logical technical objective based on the stock's historical trading structure." [OWNERSHIP_CHART-6021] <h2 style="text-align: center;">Exploration on the Horizon</h2> In Q2 2026, Star Gold will be receiving approvals from FS and BLM for the Longstreet Project, finishing up water wells for the mining site, designing the leach pad site, and beginning additional drilling on the Main resource site. The final permit to begin production is expected in Q3 or Q4 of 2027. <h2 style="text-align: center;">Ownership & Share Information2</h2> Star Gold Corp. has a market cap of CA$25.69 million, with 191.7 million shares outstanding. The company's 52-week range is CA$0.007-CA$0.20. Insiders and Management own 20.94% of shares, while Strategic Investors own 27.03%. The remaining 52.03% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Star Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of 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> 1. Disclosure for the quote from the John Newell article published on [Date] <ol start="1" type="1"> <li>For the quoted article published on Mach 6, 2026, Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</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. For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30931"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30931" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) SRGZ:OTCQB Mon, 13 Apr 2026 00:00:00 PST Exploration Co. Reveals Untapped Mexico Gold-Silver Discovery https://www.streetwisereports.com/article/2026/04/10/exploration-co-reveals-untapped-mexico-gold-silver-discovery.html Source: <a href="https://www.streetwisereports.com/article/2026/04/10/exploration-co-reveals-untapped-mexico-gold-silver-discovery.html?utm_medium=feed">Streetwise Reports 04/10/2026</a> Kingsmen Resources Ltd. (KNG:TSXV) boosts Las Coloradas scale with new claim and Saddle target, highlighting gold-silver indicators and exploration upside.Kingsmen Resources Ltd. (KNG:TSXV) has added the Claudia 2 Claim, specifically the untested Saddle target, parallel structures, and southerly extensions, to its Soledad and Soledad II gold and silver vein systems at Las Coloradas. <a href="https://www.stockwatch.com/News/Item/Z-C!KNG-3802347/C/KNG" target="_blank" rel="noopener">In a news release on April 7, 2026</a>, company president Scott Eerson said, "The purchase of the Claudia 2 claim represents an opportunity in the district that has never been drilled and enhances the scale and potential of what is already shaping up to be a district-scale opportunity. The Saddle target sits approximately five kilometers (three miles) from our Las Coloradas high-grade silver project. It sits between two mag highs and is similar in setting to the geology of the historic high-grade La Preita mine, which Parral was built around. While a portion of our upcoming drill program will be follow-up drilling on our 2025 drilling success, a portion of our campaign will be testing high-potential exploration targets across the property." The Saddle target has recently tested positive for anomalous gold and silver values associated with copper, lead, zinc, arsenic, bismuth, and antimony in quartz-carbonate vein samples. <a href="https://www.stockwatch.com/News/Item/Z-C!KNG-3802347/C/KNG" target="_blank" rel="noopener">An April 7 article by Stockwatch reported</a>, "Despite widespread soil and alluvium cover limiting outcrop exposure, the combination of geological, geophysical and geochemical vectors points to strong potential for significant blind mineralization — possibly analogous in geological setting to Penasquito, where intrusion-related diatreme breccias host one of the world's largest silver-gold-zinc mines and a world-class example of a large polymetallic carbonate replacement and skarn-related system in the Mexican silver belt." The Parral region in Chihuahua, Mexico, where Kingsmen owns the Las Coloradas and Almoloya districts, is one of the most productive silver belts in the world. These projects lie directly on top of structural corridors containing many of Mexico's strongest silver-gold deposits. Kingsmen is a Canadian exploration company focused on silver and gold deposits. Outside of its own properties, <a href="https://www.stockwatch.com/News/Item/Z-C!KNG-3802347/C/KNG" target="_blank" rel="noopener">the company holds a 1% net smelter return royalty</a> on La Trini claims within Los Ricos North project in Jalisco state, Mexico, which is owned by GoGold Resources Inc. (GGD:TSX; GLGDF:OTCQX). <h2 style="text-align: center;">Inflation, War, Silver, and Gold</h2> Markets for gold and silver haven't moved much amid a drop in the U.S. dollar value and uncertainty surrounding the U.S.-Iran War. While gold is expected to be up 2% this week, continuous gold futures were down 0.7% at US$4,786 an ounce. <a href="https://www.msn.com/en-us/money/savingandinvesting/gold-price-slips-but-heads-for-weekly-gain-iran-inflation-fed-are-pulling-precious-metals/ar-AA20z72K?ocid=finance-verthp-feeds" target="_blank" rel="noopener">An April 9 article for MSN by Adam Clark said</a>, "Investors appear to be trimming their positions in the precious metals as they look ahead to U.S.-Iran talks this weekend." May silver prices were down US$0.823 at US$75.59. On April 10, <a href="https://www.kitco.com/news/article/2026-04-10/gold-silver-see-price-declines-us-cpi-deck" target="_blank" rel="noopener">Jim Wyckoff for Kitco said</a>, "May silver futures bulls see their next upside price objective is closing prices above solid technical resistance at US$80.00. The next downside price objective for the bears is closing prices below solid support at the March low of US$61.21." <a href="https://www.kitco.com/news/article/2026-04-10/gold-prices-jump-us-cpi-rises-09-march-comes-less-expected" target="_blank" rel="noopener">Chief Investment Officer of Zaye Capital Markets, Naeem Aslam, discussed oil price inflation and its consequences with Kitco</a> on April 10, saying, "The Fed is now staring down a nightmare scenario where headline pressures reaccelerate while growth slows. Expect 'higher for longer' to get a fresh lease on life unless oil collapses sustainably, which looks highly unlikely anytime soon. Traders celebrating today may be in for a rude awakening in May." Aslam expects this environment to remain positive for gold. Bloomberg eased investors' nerves late in the evening on April 9: "While the course of the Middle East war remains unknowable, it's probably fair to make the case that the conflict stands to place greater strain on governments' fiscal positions and overall debt burdens, including in the U.S. And that trend stands to bolster the precious metal's appeal as an asset that operates as a time-tested, highly liquid and independent store of value." <h2 style="text-align: center;">Expert Calls Kingsmen 'Catalyst-Rich'</h2> <a href="https://thegoldadvisor.com/silver-advisor/newsletters/kingsmen-resources/" target="_blank" rel="noopener">Ted Butler of The Gold Advisor discussed Kingsmen's announcement</a> in an April 7 report, saying, "Prior to today's news, Kingsmen's upcoming 15,000-meter drill program was already catalyst-rich enough, especially against the backdrop of historic production and early high-grade hits. Today, however, the company has added another layer to that upside potential, by securing the 100% owned Claudia 2 claim and the never-before-drilled Saddle Target that sits within it." In reference to the company's stock, Butler wrote, "Kingsmen shares are down 3% today, which is nothing untoward after a 1.5% drop in silver. Ultimately, we seldom fret over near-term volatility, especially when the long-term fundamentals remain so compelling. At a CA$42M market cap, yet drilling a 15,000-meter drill program in a historic gold-silver district, Kingsmen is no exception to the rule. As such, Peter and I are maintaining our full weighting in the stock." [OWNERSHIP_CHART-11571] <h2 style="text-align: center;">Plans for Las Coloradas and Amoloya</h2> <a href="https://www.canva.com/design/DAGs-lPWNOE/2104NXO21eaj9amrSCPyPQ/view?utm_content=DAGs-lPWNOE&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=hdfb175f088#15" target="_blank" rel="noopener">The company's investor presentation</a> discusses upcoming catalysts. Plans for Kingsmen's Las Coloradas Project include defining a new target based on compiled data and geophysics, with 4,000 meters of drilling allotted for its Phase 2. For Phase 3, Kingsmen plans 11,000 meters of expansion and resource definition drilling. Amoloya has three phases in planning for future programs. Phase 1 consists of data compilation, mapping, geophysics studies, and drill target selection. Phase 2 would be 3,000 meters of diamond drilling, while Phase 3 would complete an additional 7,000 meters of expansion and resource definition drilling. <h2 style="text-align: center;">Ownership & Share Structure1</h2> Kingsmen Resources Ltd. has a market cap of CA$45.57 million, with 34.52 million shares outstanding. The company's 52-week range is CA$0.77-CA$2.85. Institutions own 11.20% of shares, and Insiders and Management own 3.84%. The remaining 84.96% of shares are Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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=30942"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30942" width="0" height="0"> ( Companies Mentioned: KNG:TSXV, ) Fri, 10 Apr 2026 00:00:00 PST Exploration Co. Drills 101m High-Grade Gold in Ana Paula Resource in Mexico https://www.streetwisereports.com/article/2026/04/10/exploration-co-drills-101m-high-grade-gold-in-ana-paula-mexico.html Source: <a href="https://www.streetwisereports.com/article/2026/04/10/exploration-co-drills-101m-high-grade-gold-in-ana-paula-mexico.html?utm_medium=feed">Streetwise Reports 04/10/2026</a> Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) extends Ana Paula with 101m at 5.34 g/t gold, boosting confidence in a growing gold system.Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA)announced drill results from testing the down-dip extension of its Ana Paula gold resource estimate in Guerrero, Mexico. On April 9, 2026, <a href="https://www.newsfilecorp.com/release/291719" target="_blank" rel="noopener">Newsfile Corp. reported</a> the Expansion Zone results of: <ul> <li>101.0 m grading 5.34 g/t gold from 512.5m</li> <li>8.75 m grading 9.11 g/t gold from 484.65m</li> <li>27.2 m grading 2.26 g/t gold from 647.0m</li> <li>7.15 m grading 6.98 g/t gold from 464.3m</li> </ul> <a href="https://www.newsfilecorp.com/release/291719" target="_blank" rel="noopener">Heliostar CEO, Charles Funk, said in the announcement</a>, "The results reported today continue to increase our confidence that the high-grade deposit at Ana Paula continues at depth. The success of the program so far has been twofold — continuing to hit impressive broad intervals of high grade and providing additional data allowing our team to refine the targeting model in the Expansion Zone. With two bodies of gold mineralization beginning to be defined, the 101 m of 5.34 g/t gold in hole AP-25-374 builds on the previously reported result of 25.45 m of 8.26 g/t gold also in the west pod. Today's headline hit is open to the north and south with assays pending for step-out drill holes." Funk went on to say, "We interpret Ana Paula to be higher in the same geological setting as its large neighbors in the Guerrero Gold Belt. As such, we are keen to restart work on the mine decline in the second half of this year to provide improved access for further potential resource extensions. We anticipate releasing additional results from five holes drilled in the Expansion Zone within the quarter as assays are received." Drill program results show that mineralization is open and at-depth to the north and south along an east-west-trending structure. In the western pod of mineralization, holes AP-25-374 and AP-25-377 were drilled. Hole AP-25-374 tested the nearby stope area laid out in the Preliminary Economic Assessment (PEA) and found mineralization that continued 80 meters deeper than expected. AP-26-385 sits 25 meters to the north and is awaiting assays. <a href="https://www.newsfilecorp.com/release/291719" target="_blank" rel="noopener">Newsfile Corp reported</a>, "The 101.0 m grading 5.34 grams per tonne ("g/t") gold is a 36 m step out to the east of AP-13-215, which returned 52.9 m at 5.21 g/t gold. Hole AP-25-377 was designed to infill a portion of inferred mineralization currently in the PEA mine plan." <a href="https://www.heliostarmetals.com/about-us/overview/" target="_blank" rel="noopener">Heliostar says</a> it is "rapidly emerging as the next mid-tier gold producer, driven by a clear strategy and the core tenets of speed, grade, and growth." Two of the company's mines are in production, while four — including Ana Paula — are in development. <h2 style="text-align: center;">War Affects the Gold Sector</h2> Recent concerns over the drop in the U.S. dollar value and uncertainty surrounding the U.S.-Iran War have caused gold's market rush to slow and almost stagnate. While gold is on track to be up 2% this week, continuous gold futures were down 0.7% at US$4,786 an ounce. <a href="https://www.msn.com/en-us/money/savingandinvesting/gold-price-slips-but-heads-for-weekly-gain-iran-inflation-fed-are-pulling-precious-metals/ar-AA20z72K?ocid=finance-verthp-feeds" target="_blank" rel="noopener">An April 9 article for MSN by Adam Clark said</a>, "Investors appear to be trimming their positions in the precious metals as they look ahead to U.S.-Iran talks this weekend." <a href="https://www.kitco.com/news/article/2026-04-10/gold-prices-jump-us-cpi-rises-09-march-comes-less-expected" target="_blank" rel="noopener">Chief Investment Officer of Zaye Capital Markets, Naeem Aslam, discussed oil price inflation and its consequences with Kitco</a> on April 10, saying, "The Fed is now staring down a nightmare scenario where headline pressures reaccelerate while growth slows. Expect 'higher for longer' to get a fresh lease on life unless oil collapses sustainably, which looks highly unlikely anytime soon. Traders celebrating today may be in for a rude awakening in May." Aslam expects this environment to remain positive for gold. Some investors are jittery due to potentially high inflation stemming from the war and related oil prices, but Bloomberg gave its opinion late in the evening on April 9: "While the course of the Middle East war remains unknowable, it's probably fair to make the case that the conflict stands to place greater strain on governments' fiscal positions and overall debt burdens, including in the U.S. And that trend stands to bolster the precious metal's appeal as an asset that operates as a time-tested, highly liquid and independent store of value." <h2 style="text-align: center;">Drill Results are 'Very Good' According to Expert</h2> <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/heliostar-metals-new-pick-next-week/" target="_blank" rel="noopener">Jeff Clark of The GoldAdvisor wrote</a> that, "100 gram-meters is considered a strong hit, so [these results are] obviously very good," on April 9, 2026. Clark went on to say that the assay's 'high-grade panel' will make Anal Paula a "cash cow". In regard to Heliostar's stock, Clark said, "The share price is up on the news, along with gold. As we've said multiple times, this is a core gold holding for the bull market when you consider the production coming online between now and 2030. The rich Ana Paula mine will be a big part of that growth." Clark noted the price, like gold, is now rebounding from its previous low, and he remains overweight on the stock. FactSet reported that, on April 9, 2026, National Bank Financial analyst Alex Terentiew also gave the company a 'Buy' rating with a target price of CA$4.50. The same day, ATB Cormark Capital Markets analyst Richard Gray gave Heliostar a 'Buy' rating and a target price of CA$7.50. <a href="https://streetwisereports.com/article/2026/04/10/gold-selling-after-the-war.html?m_t=2026_04_10_10_49_23" target="_blank" rel="noopener">Ron Struthers offered his opinion on Heliostar to Streetwise Reports in an April 10 opinion piece,</a> writing, "We first bought HSTR in February after the correction, but as you know, the gold stocks corrected further. If you missed buying in our update around CA$2.10, it is still a good buy here. It looked like the stock was going to break above resistance around CA$2.50, but fell back down. I think that the breakout is not far away." [OWNERSHIP_CHART-10041] <h2 style="text-align: center;">Forward Momentum</h2> <a href="https://www.newsfilecorp.com/release/291719" target="_blank" rel="noopener">Results pending</a> from an additional five holes in the Expansion Zone at Ana Paula are expected in late April 2026. A Feasibility Study for Ana Paul is planned for 2027. <a href="https://www.heliostarmetals.com/_resources/presentations/corporate-presentation.pdf?v=041003" target="_blank" rel="noopener">According to Heliostar's latest investor presentation</a>, 2026 catalysts will include a technical report on its Goldstrike property, Veta Madre Stripping of its La Colorada property, and a Preliminary Economic Assessment (PEA) on its Goldstrike property late in the year. <h2 style="text-align: center;">Ownership & Share Information1</h2> Heliostar Metals Ltd. has a market cap of CA$715.64 million, with 277.38 million shares outstanding. The company's 52-week range is CA$0.91-CA$3.47. Management and Insiders own 2.1% of shares, while Strategic Investors own 14.14%. Institutions hold 25.31% of shares, and the remaining 60.25% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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 Heliostar Metals 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=30940"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30940" width="0" height="0"> ( Companies Mentioned: HSTR:TSX.V; HSTXF:OTC; RGG1:FRA, ) Fri, 10 Apr 2026 00:00:00 PST Gold Selling After the War https://www.streetwisereports.com/article/2026/04/10/gold-selling-after-the-war.html Source: <a href="https://www.streetwisereports.com/article/2026/04/10/gold-selling-after-the-war.html?utm_medium=feed">Ron Struthers 04/10/2026</a> Ron Struthers of Struthers Resource Stock Report shares his thoughts on the gold market. Struthers also shares three gold stocks he believes are Buys.We can see below the gold selling after the war started was all North America. Asia actually bought a little <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026410103227_1.png" alt="" width="1000" height="529" /> Data for physical buying is not out yet and will be interesting to see if Q1 2026 keeps up with 2025's pace. For more on gold, check the <a href="https://playstocks.net/gold/" target="_blank" rel="noopener">PlayStocks Gold Pages</a> (#3 in Google search). <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026410103246_2.jpg" alt="" width="1000" height="630" /> Today, we got some great drill results on a couple of our junior explorers/producers. Equinox Gold announced Q1 2026 production numbers. <h2 style="text-align: center;">Equinox Gold </h2> Recent Price – CA$21.05 Entry Price - CA$5.35 Opinion – Hold, Buy Equinox Gold Corp. (EQX:TSX; EQX:NYSE.A) delivered a strong first quarter, producing 197,628 ounces (“oz”) of gold, including 87,402 oz from its two Canadian operations. EQX sold their Brazil operations for $1 billion, and if we subtract that 73,745 quarterly production from Q4 2025 production of 247,024, the Q4 production would have been 173,279 ounces, so an increase of about 24,000 ounces. A record 247,024 ounces was produced in Q4 2025, including 72,091 ounces from Greenstone, 23,207 ounces from Valentine, 61,885 ounces from Nicaragua, 73,745 ounces from Brazil, 14,761 ounces from Mesquite, and 1,336 ounces from Castle Mountain. I would continue to hold the stock, and for exposure to the next gold bull move, it still is a Buy. <h2 style="text-align: center;">Great Pacific Gold </h2> Recent Price - CA$0.47 Entry Price - CA$0.93 Opinion – Buy, Average down to CA$0.60 Great Pacific Gold Corp. (GPAC:TSXV; GPGCF:OTC) announced more good drill results at its Wild Dog project Kavasuki KVH-04 Highlights: <ul> <li>Intercepted 90 meters @ 1.43 g/t AuEq from 8.70 meters (1.33 g/t Au, 1.24 g/t Ag, 0.05% Cu)</li> <li>Including 0 meters @ 2.69 g/t AuEq from 35.0 meters (2.61 g/t Au, 2.18 g/t Ag, 0.04% Cu), and</li> <li>Including 50 meters @ 2.78 g/t AuEq from 61.1 meters (2.27 g/t Au, 1.99 g/t Ag, 0.31% Cu).</li> </ul> Kavasuki KVH-05 Highlights: Well-developed multi-phase quartz-carbonate veining from near-surface to ~33 m, including crack-seal textures, stockwork zones, and locally brecciated vein domains; assays pending. KVH-05 represents a ~35 m down-dip step from KVH-04, Results continue to support continuity of near-surface mineralization approximately 1 km north of the Sinivit deposit along the Wild Dog structural corridor. I have little doubt that this will be a second deposit on the project. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026410103329_3.png" alt="" width="1000" height="653" /> On the chart, the stock has been range-bound the past year, and now, near the bottom of this range, makes for a good buying level. The stock was originally Fosterville South and did a name change with the Wild Dog acquisition. I believed it had strong potential and was worth holding on to, and now that it has advanced nicely, it is time to average down to $0.60. <h2 style="text-align: center;">Heliostar Metals </h2> Recent Price - CA$2.55 Entry Price - CA$2.95 Opinion - Buy Heliostar Metals Ltd. (HSTR:TSX.V; HSTXF:OTC; RGG1:FRA) announced some excellent additional results from the Expansion Zone at its 100% owned Ana Paula project in Guerrero, Mexico. Drilling in this area is testing the down-dip extension of the current Ana Paula resource envelope. HIGHLIGHTS: <ul> <li>Expansion Zone <ul> <li>0 m grading 5.34 g/t gold from 512.5m</li> <li>75 m grading 9.11 g/t gold from 484.65m</li> <li>2 m grading 2.26 g/t gold from 647.0m</li> <li>15 m grading 6.98 g/t gold from 464.3m</li> </ul> </li> <li>Headline intercept open to north and south</li> <li>Results pending from an additional five holes in the Expansion Zone</li> </ul> Heliostar CEO, Charles Funk, commented, "The results reported today continue to increase our confidence that the high-grade deposit at Ana Paula continues at depth. The program's success so far has been twofold: continuing to hit impressive broad intervals of high grade and providing additional data that allow our team to refine the targeting model in the Expansion Zone." He continued, "With two bodies of gold mineralization beginning to be defined, the 101 m of 5.34 g/t gold in hole AP-25-374 builds on the previously reported result of 25.45 m of 8.26 g/t gold also in the west pod. Today's headline hit is open to the north and south with assays pending for step-out drill holes." <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026410103410_4.png" alt="" width="1000" height="653" /> We first bought HSTR in February after the correction, but as you know, the gold stocks corrected further. If you missed buying in our update around CA$2.10, it is still a good buy here. It looked like the stock was going to break above resistance around CA$2.50, but fell back down. I think that the breakout is not far away. <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 Heliostar Metals and Equinox Gold Corp.</li> <li>Ron Struthers: I, or members of my immediate household or family, own securities of: Equinox Gold Corp. and Great Pacific Gold Corp. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Struthers Resource Stock Report Disclosures All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30939"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30939" width="0" height="0"> ( Companies Mentioned: EQX:TSX; EQX:NYSE.A, GPAC:TSXV;GPGCF:OTC, HSTR:TSX.V; HSTXF:OTC; RGG1:FRA, ) Fri, 10 Apr 2026 00:00:00 PST Gold Explorer Raises CA$871,000 for Breakthrough Drilling in BC https://www.streetwisereports.com/article/2026/04/10/gold-explorer-raises-ca-871-000-for-breakthrough-drilling-in-bc.html Source: <a href="https://www.streetwisereports.com/article/2026/04/10/gold-explorer-raises-ca-871-000-for-breakthrough-drilling-in-bc.html?utm_medium=feed">Streetwise Reports 04/10/2026</a> Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE) announces the successful closure of an oversubscribed non-brokered private placement. One analyst suggest substantial upside for the stock.<a href="https://www.streetwisereports.com/pub/co/11131?utm_medium=feed" target="_blank" rel="noopener">Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE)</a> announced the successful closure of its <a href="https://goldencariboo.com/news/golden-cariboo-private-placement-financing-700k/" target="_blank" rel="noopener">previously announced</a> non-brokered private placement, which has exceeded its subscription targets, raising a total of CA$871,000, <a href="https://www.stockwatch.com/News/Item/Z-C!GCC-3802975/C/GCC" target="_blank" rel="noopener">according to an April 8 release</a>. The offering included units comprised of one common share of the company and a corresponding purchase warrant. The terms of the warrant allow the holder to purchase additional common shares at escalating prices over the next five years: 12 cents in the first year, 17 cents in the second, 22 cents in the third, 27 cents in the fourth, and 30 cents in the fifth year. Following the closure, all issued securities will be restricted from trading for a period of four months. In relation to this financial activity, certain qualified individuals will receive commissions as per the guidelines of the Canadian Securities Exchange, with specifics to be detailed in an upcoming press release, the company said. The funds raised are earmarked for general operational costs and the ongoing exploration of the company’s properties. Golden Cariboo Resources is actively engaged in reviving the historic excitement of the Cariboo gold rush through precise drilling and trenching initiatives at its Quesnelle Gold Quartz mine in central British Columbia. This property is strategically positioned adjacent to Osisko Development, overlapping slightly at the northern boundary of the Cariboo gold project, and lies near the Spanish and Eureka thrust faults within a vast area of approximately 94,899 hectares. Historically, this region has seen significant gold activity with over 101 placer gold creeks along a 90-kilometer trend yielding gold, a practice that continues robustly to the present day. The Quesnelle Gold Quartz mine, located just 4 kilometers northeast of Hixon in central British Columbia and easily accessible by road, encompasses the Quesnelle Quartz gold-silver deposit. This deposit was first discovered in 1865 and has been developed in an area roughly 150 meters by 150 meters at the Main zone along Hixon Creek. Golden Cariboo said the geological characteristics of the gold mineralization at this site bear a strong resemblance to those of the Spanish Mountain gold deposit, located about 120 kilometers southeast. The Spanish Mountain deposit is categorized as a sediment-hosted vein (SHV) deposit, a type known for including some of the largest gold deposits globally, such as Muruntau in Uzbekistan and Bendigo in Australia. <h2 style="text-align: center;">New Halo Placer Claims</h2> In March, Golden Cariboo Resources Ltd. <a href="https://www.streetwisereports.com/article/2026/03/18/gold-explorer-expands-claims-at-quesnelle-in-british-columbia.html?utm_medium=feed" target="_blank" rel="noopener">broadened its operational scope</a> by acquiring 13 placer claim cells within the newly identified Halo zone, which spans 250 hectares. This expansion, announced on March 17, was solidified through a purchase totaling CA$60,000, granting the company full placer rights over these claims. Positioned strategically northwest of this Halo zone are Golden Cariboo's ongoing drilling operations at Quesnelle. The company has also taken a decisive step by declaring its plans to initiate a National Instrument 43-101 Mineral Resource Estimate (MRE) for Quesnelle. This evaluation aims to assess both the Halo and Main zones, integrating findings from the company’s initial 28 NQ-sized surface diamond drill holes and up to nine historical drill holes. "Commissioning an independent resource estimate at this stage reflects the strength and consistency of the drilling results we have generated to date," President and Chief Executive Officer Frank Callaghan said at the time. He further emphasized that the extensive data amassed provides the management team with the necessary confidence to undertake a formal NI 43-101 resource estimation, signifying a pivotal advancement in the methodical development of the property. Golden Cariboo also noted that launching a mineral resource estimate at such an early phase of exploration is not typical. Nevertheless, the encouraging and consistent outcomes from the Halo and Main zones warranted this independent technical evaluation at this juncture. <h2 style="text-align: center;">Analyst: Consistent Results Could Have Substantial Upside</h2> On March 27, 2026, <a href="https://www.streetwisereports.com/article/2026/04/01/gold-co-hits-strongest-drill-result-yet-at-halo-zone-as-maiden-resource-estimate-signals-major-re-rating-potential.html?utm_medium=feed" target="_blank" rel="noopener">Couloir Capital Analyst Ron Wortel reaffirmed</a> a BUY rating on Golden Cariboo and maintained its CA$0.50 fair value estimate per share, which suggests a substantial 455% increase at the time the note was written. This optimistic valuation is supported by Golden Cariboo's consistent high-grade drilling results at the Halo Zone and the initiation of a maiden NI 43-101 Mineral Resource Estimate (MRE), he said. Golden Cariboo recently announced impressive drilling outcomes, including its most significant near-surface intercept from hole QGQ25-27, which yielded 0.89 g/t gold over 70.65 meters starting at a shallow depth of 14.2 meters. This hole also revealed higher-grade subintervals, such as 3.25 grams per tonne (g/t) gold over 8.2 meters and 3.86 g/t gold over 5.2 meters. Another drill, hole QGQ25-25, demonstrated lateral continuity of the mineralization, confirming the geological consistency across the Halo Zone. The company's deepest exploration, hole QGQ25-28, reached approximately 755 meters, encountering significant geological features such as quartz-carbonate veining and disseminated pyrite mineralization, suggesting the potential extension of the mineral system by an additional 300 meters. The independent NI 43-101-compliant MRE for the Halo and Main zones will incorporate data from 28 company drill holes and up to nine historical drill holes. Couloir Capital noted that such an early move to commission a resource estimate is unusual for a junior miner and signals strong confidence in the quality of the geological data obtained. Further solidifying its resource base, the acquisition of the 13 placer claim cells in the Halo Zone for CA$60,000 adds strategic value to the company's portfolio, the analyst said. It is seen as a proactive step in simplifying future project development and enhancing the project's overall potential. Couloir Capital also highlighted the broader context of Golden Cariboo's operations, noting its location along one of five mineralized trends in a district-scale land package of approximately 95,000 hectares. The firm drew parallels between Golden Cariboo’s prospects and the nearby Spanish Mountain Gold Ltd. deposit, which boasts nearly 6.5 million ounces of gold. Financially, as of the quarter ending December 31, 2025, Golden Cariboo reported CA$962,094 in cash and CA$1.39 million in working capital, with a healthy current ratio of 3.85x and no debt. The company has managed to reduce its monthly cash burn significantly, reflecting a strategic reduction in exploration activities during the period. Couloir’s valuation approach, based on a market-implied in-ground methodology, estimates that the market currently prices in about 159,000 ounces of gold. However, a more expansive resource target model suggests a potential for 1.1 million to 2.9 million ounces of gold, which could significantly re-rate the company’s stock value. Despite the positive outlook, Couloir identified several risks, including the potential for drilling to fail to confirm mineral continuity or to delineate an economically viable large-scale system. The need for additional equity financing could dilute existing shareholders, and as an early-stage explorer, Golden Cariboo carries a higher investment risk. Seasonal and jurisdictional challenges in British Columbia also pose additional risks to the exploration timeline and project development. <h2 style="text-align: center;">Historic Gold Rush District Gets New Life</h2> <a href="https://thedeepdive.ca/back-to-the-cariboo-gold-rush-history-meets-modern-discovery-golden-caribou/" target="_blank" rel="noopener">In a recent piece by Jay Lutz for The Deep Dive</a>, published on February 10, the spotlight was cast on Golden Cariboo and its vigorous drilling activities in the historic Cariboo Gold District, an area synonymous with the legendary gold rush initiated by Billy Barker. Currently, this region is the center of Golden Cariboo's robust exploration initiatives. Lutz noted the impactful return of Callaghan to the mining scene after nearly a decade of retirement, now spearheading the exploration at the Halo Zone. He pointed out the impressive early outcomes under Callaghan's leadership, stating, "After nearly a decade in retirement, Frank (Callaghan) is back, leading Golden Cariboo's exploration at the Halo Zone — and the early results are turning heads: 136.5 meters of 1.46 g/t Au, long intercepts across multiple zones, and consistent mineralization across every hole drilled." Furthermore, Lutz drew attention to the company's relatively small market capitalization, which was CA$5 million at the time of his analysis but has since risen to CA$9.6 million. This figure stands in stark contrast to the larger market caps of neighboring mining entities such as Artemis and Osisko, who are also advancing their projects in the same region. Lutz provocatively questioned the potential of Golden Cariboo, asking, "But with infrastructure, access, and geology all in its favor, could this be the next early-stage name to rewrite the future of this storied district?" This query underscores the possibility of Golden Cariboo emerging as a significant player in the revival and future development of the Cariboo Gold District. <h2 style="text-align: center;">The Catalyst: Inflation on the Rise</h2> The gold market is currently in the spotlight as softer-than-anticipated inflation data may provide the Federal Reserve with an opportunity to lower interest rates later this year to bolster a decelerating economy, <a href="https://www.kitco.com/news/article/2026-04-10/gold-prices-jump-us-cpi-rises-09-march-comes-less-expected" target="_blank" rel="noopener">reported Neils Christensen for Kitco News on April 10</a>. The U.S. Bureau of Labor Statistics reported a 0.9% rise in the Consumer Price Index (CPI) for March, following a modest 0.3% increase in February. Although this marks a significant uptick in inflation for March, the figures fell short of expectations, with economists having predicted a 1% rise in consumer prices. Over the past year, headline inflation has climbed to 3.3%, a jump from February's 2.4%. This too was slightly below the anticipated 3.4% increase forecasted by economists, Christensen wrote. Despite the noticeable increase in headline inflation, the data suggests that higher prices are not becoming entrenched in the broader economy. The core CPI, which excludes the more volatile food and energy sectors, saw a smaller increase of 0.2% last month. Annually, core inflation is at 2.6%, slightly up from 2.5% in February. Following the release of the inflation data, gold prices experienced a surge, initially jumping more than US$10. The price of spot gold has largely maintained these gains, last trading at US$4,775.30 an ounce, marking a 0.21% increase for the day. Market analysts have pointed out that the US$4,800 mark is a critical resistance level for gold prices to watch. In a discussion with Kitco News prior to the release of the CPI data, Tom Bruce, a Macro Investment Strategist at Tanglewood Total Wealth Management, expressed his anticipation of a notable increase in headline inflation. However, he noted that as long as core inflation remains controlled, the Federal Reserve would still have the leeway to reduce interest rates, a scenario he views as favorable for gold prices. The inflation surge is largely driven by escalating energy costs due to the Middle East conflict, which has disrupted crude oil supplies and caused gasoline prices to spike nearly 11% from the previous month, <a href="https://www.cbsnews.com/news/inflation-spiked-gold-investing-april-2026/" target="_blank" rel="noopener">according to Angelica Leicht writing for CBS News MoneyWatch on April 10</a>. This inflationary pressure is affecting transportation, food, and everyday goods, squeezing consumers' purchasing power and prompting investors to reconsider their strategies, particularly towards gold. Leicht gave three reasons why a gold investment is sensible right now: <ul> <li>Gold as an Inflation Hedge: Historically, gold has preserved value during inflation spikes because it is not directly tied to central bank policies or interest rate decisions. Its finite supply and value driven by global demand make it a reliable store of value when inflation rises unexpectedly.</li> <li>Stabilizing Effect in Volatile Markets: With current inflation linked to geopolitical tensions affecting oil markets and global trade, market volatility is increasing. Gold often serves as a safe haven in such times, providing stability and diversification in investment portfolios.[OWNERSHIP_CHART-11131]</li> <li>Protection Against Low Real Returns: As inflation diminishes the real returns on traditional assets like savings accounts and bonds, gold becomes an attractive option. It may not generate income, but it can maintain or increase in value, especially when real returns on other investments are pressured by rising inflation and stable interest rates.</li> </ul> The sudden spike in inflation is shifting financial strategies and investment approaches, with gold emerging as a potentially valuable asset for balancing risk and preserving purchasing power in uncertain economic times, Leicht said. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Two insiders own 9.13% of Golden Cariboo. They include president and CEO Frank Callaghan, who is the largest shareholder overall with 9.01%. Laurence Smoliak owns 0.12%. The rest is in retail. There are no institutional investors at this time. The Canadian explorer has 106.86 million outstanding shares, and 97.1 million free float traded shares. Its market cap is CA$9.6 million. Its 52-week range is CA$0.04–CA$0.12 per share. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Golden Cariboo Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Golden Cariboo Resources Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Cariboo Resources Ltd.</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=30938"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30938" width="0" height="0"> ( Companies Mentioned: GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE, ) GCC:CSE; GCCFF:OTC; A402CQ:WKN; 3TZ:FSE Fri, 10 Apr 2026 00:00:00 PST Energy Co. Has Strong Flow Test in Uzbekistan https://www.streetwisereports.com/article/2026/04/10/energy-co-has-strong-flow-test-in-uzbekistan.html Source: <a href="https://www.streetwisereports.com/article/2026/04/10/energy-co-has-strong-flow-test-in-uzbekistan.html?utm_medium=feed">Stephane Foucaud 04/10/2026</a> Condor Energies Inc. (CDR:TSX.V) reported a strong flow test at the K-46 horizontal well in Uzbekistan, according to an Auctus Advisors research note.In a report dated April 9, 2026, analyst Stephane Foucaud of Auctus Advisors LLP raised his price target on Condor Energies Inc. (CDR:TSX.V) from CA$5.60 to CA$5.80 per share, implying a total potential return of 93% from the current share price of CA$3.00. The target increase follows an exceptionally strong flow test at the company's K-46 horizontal well in Uzbekistan, which the analyst believes materially improves the outlook for reserves, production, and exploration upside. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Well Results & Operational Update</h2> The K-46 horizontal well delivered peak flow rates of up to 18.3 mmcf/d before being choked back to a stable 15.5 mmcf/d to reduce the risk of gas-hydrate formation. The well's absolute open-flow potential is estimated at 67 mmcf/d. The flowing pressure of 1,235 psi and an initial reservoir pressure of 2,695 psi — only 9% below virgin conditions — confirm that the pool remains largely undrained. The well was drilled in 35 days, down from 55 days for the prior horizontal well, with further efficiency gains anticipated. K-46 is expected to be brought onstream imminently, with drilling at the next well, K-47, commencing the same week. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Reserves & Production Outlook</h2> Auctus raised its 2027 production forecast from 17.5 mboe/d to 19 mboe/d. With at least three additional horizontal wells planned from the same pad targeting the same reservoir, the analyst views the company's target of 20 mboe/d of production by year-end 2026 as well within reach. The strong test result is also expected to support a material increase in 2P reserves at year-end 2026, as horizontal wells were not incorporated into the auditor's prior reserves estimates. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Exploration Upside</h2> The high flow rate at K-46 is consistent with dolomitization of the Kumli NW's upper reservoir, resulting in better-than-expected reservoir quality. Condor believes this dolomitisation trend could extend across the broader Kumli area, where 17 additional structures have already been mapped. The dolomitized intervals appear to be identifiable on seismic, providing a predictive tool for future drilling. Auctus has incorporated two of these structures into its valuation, assuming a combined recovery of 16 mmboe (based on 4 wells per structure, each recovering 2 mmboe). <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Valuation & NAV</h2> Auctus carries a 100% potential reserves upside, supported by a combined 360 bcf of gross 2P reserves and recoverable resources. The updated ReNAV stands at CA$5.80 per share, with an unrisked NAV of CA$9.47 per share and a total unrisked value of the LNG portfolio of approximately CA$7.30 per share. The stock currently trades at 0.5x ReNAV and 0.3x unrisked NAV. The core NAV, which encompasses Uzbekistan production assets and corporate items, is valued at CA$0.985 per share on a risked basis. The Kazakhstan LNG portfolio — including the Saryozek modular facility, Alga Phase 1, Alga Phase 2, and Kuryk projects — comprises the bulk of the risked upside at CA$4.82 per share. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Financial Estimates</h2> Total production is forecast to grow from 10,490 boe/d in 2025 to 15,175 boe/d in 2026 and 19,215 boe/d in 2027. Cash flow from operations is projected at US$38 million in 2026 and US$32 million in 2027. The company carried net debt of US$8 million at end-2026 estimates, moving to a net cash position of US$3 million by 2027. Capital expenditure is forecast at US$50 million in 2026, declining to US$21 million in 2027. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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> Disclosures for Auctus Advisors, Condor Energies Inc., April 9, 2026 Condor Energies Inc. (“Condor” or the “Company”) is a corporate client of Auctus Advisors LLP (“Auctus”). Auctus receives, and has received in the past 12 months, compensation for providing corporate broking and/or investment banking services to the Company, including the publication and dissemination of marketing material from time to time. MiFID II Disclosures This document, being paid for by a corporate issuer, is believed by Auctus to be an ‘acceptable minor non-monetary benefit’ as set out in Article 12 (3) of the Commission Delegated Act C(2016) 2031 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. It is produced solely in support of our corporate broking and corporate finance business. Auctus does not offer a secondary execution service in the UK. This note is a marketing communication and NOT independent research. As such, it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and this note is NOT subject to the prohibition on dealing ahead of the dissemination of investment research. Author The research analyst who prepared this research report was Stephane Foucaud, a partner of Auctus. Not an offer to buy or sell Under no circumstances is this note to be construed to be an offer to buy or sell or deal in any security and/or derivative instruments. It is not an invitation or an inducement to engage in investment activity under section 21 of the Financial Services and Markets Act 2000. Note prepared in good faith and in reliance on publicly available information Comments made in this note have been arrived at in good faith and are based, at least in part, on current public information that Auctus considers reliable, but which it does not represent to be accurate or complete, and it should not be relied on as such. The information, opinions, forecasts and estimates contained in this document are current as of the date of this document and are subject to change without prior notification. No representation or warranty either actual or implied is made as to the accuracy, precision, completeness or correctness of the statements, opinions and judgements contained in this document. Auctus’ and related interests The persons who produced this note may be partners, employees and/or associates of Auctus. Auctus and/or its employees and/or partners and associates may or may not hold shares, warrants, options, other derivative instruments or other financial interests in the Company and reserve the right to acquire, hold or dispose of such positions in the future and without prior notification to the Company or any other person. Information purposes only This document is intended to be for background information purposes only and should be treated as such. This note is furnished on the basis and understanding that Auctus is under no responsibility or liability whatsoever in respect thereof, whether to the Company or any other person. Investment Risk Warning The value of any potential investment made in relation to companies mentioned in this document may rise or fall and sums realised may be less than those originally invested. Any reference to past performance should not be construed as being a guide to future performance. Investment in small companies, and especially upstream oil & gas companies, carries a high degree of risk and investment in the companies or commodities mentioned in this document may be affected by related currency variations. Changes in the pricing of related currencies and or commodities mentioned in this document may have an adverse effect on the value, price or income of the investment. Distribution This document is directed at persons having professional experience in matters relating to investments to whom Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("FPO") applies, or high net worth organisations to whom Article 49 of the FPO applies. The investment or investment activity to which this communication relates is available only to such persons and other persons to whom this communication may lawfully be made (“relevant persons”) and will be engaged in only with such persons. This Document must not be acted upon or relied upon by persons who are not relevant persons. Without limiting the foregoing, this note may not be distributed to any persons (or groups of persons), to whom such distribution would contravene the UK Financial Services and Markets Act 2000 or would constitute a contravention of the corresponding statute or statutory instrument in any other jurisdiction. Disclaimer This note has been forwarded to you solely for information purposes only and should not be considered as an offer or solicitation of an offer to sell, buy or subscribe to any securities or any derivative instrument or any other rights pertaining thereto (“financial instruments”). This note is intended for use by professional and business investors only. This note may not be reproduced without the prior written consent of Auctus. The information and opinions expressed in this note have been compiled from sources believed to be reliable but, neither Auctus, nor any of its partners, officers, or employees accept liability from any loss arising from the use hereof or makes any representations as to its accuracy and completeness. Any opinions, forecasts or estimates herein constitute a judgement as at the date of this note. There can be no assurance that future results or events will be consistent with any such opinions, forecasts or estimates. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance. This information is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the company and its subsidiaries. Auctus is not agreeing to nor is it required to update the opinions, forecasts or estimates contained herein. The value of any securities or financial instruments mentioned in this note can fall as well as rise. Foreign currency denominated securities and financial instruments are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or income of such securities or financial instruments. Certain transactions, including those involving futures, options and other derivative instruments, can give rise to substantial risk and are not suitable for all investors. This note does not have regard to the specific instrument objectives, financial situation and the particular needs of any specific person who may receive this note. Auctus (or its partners, officers or employees) may, to the extent permitted by law, own or have a position in the securities or financial instruments (including derivative instruments or any other rights pertaining thereto) of the Company or any related or other company referred to herein, and may add to or dispose of any such position or may make a market or act as principle in any transaction in such securities or financial instruments. Partners of Auctus may also be directors of the Company or any other of the companies mentioned in this note. Auctus may, from time to time, provide or solicit investment banking or other financial services to, for or from the Company or any other company referred to herein. Auctus (or its partners, officers or employees) may, to the extent permitted by law, act upon or use the information or opinions presented herein, or research or analysis on which they are based prior to the material being published. Further Disclosures for the United Kingdom This note has been issued by Auctus Advisors LLP, which is authorised and regulated by the Financial Conduct Authority. This note is not for distribution to private customers. This note is not intended for use by, or distribution to, US corporations that do not meet the definition of a major US institutional investor in the United States or for use by any citizen or resident of the United States. This publication is confidential and may not be reproduced in whole or in part or disclosed to another party, without the prior written consent of Auctus. Securities referred to in this note may not be eligible for sale in those jurisdictions where Auctus is not authorised or permitted by local law to do so. In particular, Auctus does not permit the distribution or redistribution of this note to non-professional investors or other persons to whom disclosure would contravene local securities laws. Auctus expressly disclaims and will not be held responsible in any way, for third parties who affect such redistribution. © Auctus Advisors LLP All rights reserved 2026<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30936"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30936" width="0" height="0"> ( Companies Mentioned: CDR:TSX.V, ) Fri, 10 Apr 2026 00:00:00 PST