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Streetwise Reports - Exclusive Articles https://www.streetwisereports.com/ Investment coverage from Streetwise Reports. copyright 2012, Streetwise, Inc. Gold Co. Finds High-Grade Nevada Growth Potential, Awaiting PEA https://www.streetwisereports.com/article/2026/05/07/gold-co-finds-high-grade-nevada-growth-potential-awaiting-pea.html Source: <a href="https://www.streetwisereports.com/article/2026/05/07/gold-co-finds-high-grade-nevada-growth-potential-awaiting-pea.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) reports a 54% jump in indicated gold resources at Fondaway Canyon as analysts eye major valuation upside.Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) announced an <a href="https://www.getchellgold.com/news/getchell-gold-corp-2026-mineral-resource-estimate-experiences-significant-growth-at-fondaway-canyon-nv/" target="_blank" rel="noopener">updated Mineral Resource Estimate</a> (MRE) for its Fondaway Canyon gold project located in Churchill County, Nevada, on April 30, 2026. Encapsulating both open put and underground mining, highlights of the MRE include: <ul> <li>21% Mineral Resource Estimate growth resulting from the addition of only 10 drill holes (3,400m (meters);</li> <li>54% increase in Indicated Mineral Resource to 22.1 million tonnes at an average grade of 1.40 g/t Au for 999 Koz of gold;</li> <li>8% increase in Inferred Mineral Resource to 45.6 million tonnes at an average grade of 1.25 g/t Au for an additional 1,812 Koz of gold;</li> <li>MRE Open Pit model expanded by 50-65m on strike and dip;</li> <li>Gold mineralization remains open for further expansion; and</li> <li>An updated Preliminary Economic Assessment has been initiated.</li> </ul> The 2026 MRE represents a significant expansion to the 2024 Mineral Resource Estimate, primarily due to the addition of 10 holes drilled in 2025 in the Central Area, FCG22-29 through FCG22-36, that intersected significant gold intervals and extended the mineralization. The company's press release underscored important information from previous results, including: <ul> <li>The Mineral Resources Estimate is underpinned by data from 546 reverse circulation and diamond drillholes totaling 20,460m of drilling that intersected the mineralized domains.</li> </ul> <ul> <li>The mineral resource is reported at a lower cut-off of 0.3 g/t Au for the conceptual open pit and 1.5 g/t Au for the conceptual underground extraction scenario. The lower cut-off grades and potential mining scenarios were calculated using the following parameters: mining cost = US$2.75/t (open pit); G&A = US$2.00/t; processing cost = US$17.00/t; recoveries = 84%, gold price = US$3,000/oz; royalties = 1%; and minimum mining widths = 1.5 meters (underground) in order to meet the requirement that the reported Mineral Resources show “reasonable prospects for eventual economic extraction”.</li> </ul> <ul> <li>Original Au assays were composited to 1.5 m with 13,471 composites generated overall in the mineralized domains, including 11,548 composites generated for the Central Zone, 1,267 for the Mid-Realm / South Mouth Zone, and 654 for the Silica Ridge / Hamburger Hill Zone.</li> </ul> Mike Sieb, president of Getchell Gold, expressed how pleased the company was with the 2026 MRE. Sieb said, "1% Mineral Resource Estimate growth at the Fondaway Canyon gold project from 3,400 meters of drilling attests to the success of last year's program. No less significant is the continued increase in the Inferred Mineral Resource alongside the dramatic 54% increase in the Indicated Resource. The capacity of the Mineral Resource to increase across the resource classifications demonstrates the robustness of the deposit and the inherent ability for further growth. I am excited for the forthcoming PEA to highlight the economic potential at Fondaway Canyon." Getchell Gold Corp. is a gold exploration company focused on its advanced-stage Fondaway Canyon project — a past producer with a large MRE. <h2 style="text-align: center;">Gold's Bull Market Holding Amid Global Conflict</h2> Investors have been steadily watching conflict in the Middle East, concerned that rising oil prices will give way to unchecked inflation. Those fears have been causing wavering investment sentiments about gold, a traditionally safe-haven metal. However, investors are starting to calm. In a May 7, 2026, article, <a href="https://www.kitco.com/news/article/2026-05-07/gold-and-silver-rally-crude-slides-us-iran-deal-hopes-kitco-am-report" target="_blank" rel="noopener">Kitco wrote</a>: "Spot gold prices are firmer, and spot silver prices are sharply higher in early U.S. trading Thursday, supported by lower crude oil prices, a softer U.S. dollar, and lower Treasury yields as traders price in progress toward a U.S.-Iran deal that could reopen the Strait of Hormuz. At the time of writing, spot gold was trading near US$4,744.80 an ounce, up 1.17%." This news comes as gold is in the middle of an unprecedented gold market. On May 5, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-forecast-and-tracker-where-prices-could-land-in-2026-130000213.html" target="_blank" rel="noopener">Yahoo Finance wrote</a> that, ". . . between March 2025 and March 2026, gold's price rose from US$3,019 to US$4,447 per troy ounce, a 47% increase." Contributing factors saw significant movement during the COVID pandemic, and with the weakening of the U.S. Dollar and geopolitical tensions, the metal saw a 65% increase in 2025 alone. Investors are putting weight behind the tense ceasefire between the two nations despite reports over the weekend that hostilities from both countries had hit the Strait of Hormuz. Both the U.S. and Iran fired on each other's ships, though <a href="https://www.investing.com/news/commodities-news/gold-prices-edge-up-from-1mth-lows-as-hormuz-tensions-intensify-4657760" target="_blank" rel="noopener">the U.S. has dismissed Iran's claim that missiles struck an American ship</a>. <h2 style="text-align: center;">Analysts Hold, Waiting for Further Results</h2> On April 30, 2026, Ben Pirie of Atrium Research reiterated a 'Buy' rating for the company, maintaining his recommended CA$1.10 price target. Pirie wrote, "While the 21% resource expansion is impressive and will add incremental growth to the ~10.5-year mine life outlined in the 2025 PEA, it is important to highlight that it was realized via 3,400m of drilling, which speaks to the resource growth potential that remains in this elevated gold price environment. In addition, we are encouraged that GTCH is pushing ahead with 2026 plans. . . Following this morning's impressive resource estimate, the updated PEA and comprehensive plan of operations are the next key items for the company this year, which we anticipate could accelerate Fondaway toward feasibility." [OWNERSHIP_CHART-9661] <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/two-new-picks-hit-the-ground-running-plus-news-from-seven-more-companies/#gg" target="_blank" rel="noopener">The Gold Advisor's Jeff Clark and Daniel Flynn weighed in on the company</a> the same day, calling the MRE "encouraging reading". Clark and Flynn are also eager to receive the updated PEA, with Flynn saying, "The investment case here remains straightforward. Execution is on track, the resource is growing, and the next catalyst — the PEA — has the potential to highlight an even larger disconnect between project value and market cap. At around a CA$35M market cap, that gap already looks significant." <h2 style="text-align: center;">A PEA on the Horizon</h2> The company's <a href="https://d26l2o3596pa2r.cloudfront.net/wp-content/uploads/2026/04/30012208/Getchell-Gold-Corp-Presentation-Fondaway-Canyon-2026_04.pdf" target="_blank" rel="noopener">investor presentation</a> discusses near-term catalysts. The immediate goal is to update Fondaway's Preliminary Economic Assessment (PEA) using the 2026 MRE results. Getchell Gold will then complete further field studies at the site and file a comprehensive plan of operations with regulatory authorities to accelerate the property's development. <h2 style="text-align: center;">Ownership & Share Information1</h2> Getchell Gold Corp. has a market cap of CA$58.44 million, with 201.31 million shares outstanding. The company's 52-week range is CA$0.17-CA$0.47. Management & Insiders own 12.75% of shares, and the remaining 87.25% 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 Getchell Gold Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. 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=31154"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31154" width="0" height="0"> ( Companies Mentioned: GTCH:CSE; GGLDF:OTCQB, ) Thu, 07 May 2026 00:00:00 PST Mining Co.'s Option Agreement Unlocks Massive Silver-Gold Potential in Yukon https://www.streetwisereports.com/article/2026/05/07/mining-co-s-option-agreement-unlocks-massive-silver-gold-potential-in-yukon.html Source: <a href="https://www.streetwisereports.com/article/2026/05/07/mining-co-s-option-agreement-unlocks-massive-silver-gold-potential-in-yukon.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC) enters into an option agreement to allow Argyle Resources Corp. to acquire a 100% interest in its McKay Hill property in Yukon. One analyst sees major upside with more exploration at the company's other properties.<a href="https://www.streetwisereports.com/pub/co/9081?utm_medium=feed" target="_blank" rel="noopener">Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC)</a> announced it has entered into an option agreement with Argyle Resources Corp. (ARGL: TSX.V) to allow Argyle to acquire a 100% interest in Metallic's McKay Hill property, which is strategically located 50 kilometers north of the Keno Hill Silver District in Yukon, <a href="https://metallic-minerals.com/news/2026/metallic-minerals-announces-option-agreement-with-argyle-resources-on-mckay-hill-property-yukon/" target="_blank" rel="noopener">according to a release on May 7</a>. The total consideration for the option is valued at CA$2.25 million, which includes a combination of cash payments, common share issuances, and exploration expenditures on the property. "We are pleased to enter into this agreement with Argyle, which provides dedicated capital to advance McKay Hill while allowing Metallic to retain meaningful upside through equity participation and royalties," Chairman and Chief Executive Officer Greg Johnson said. "This transaction supports our strategy of focusing capital and management effort on our core high-grade Keno Silver and La Plata projects while unlocking value from non-core assets. McKay Hill hosts multiple kilometer-scale targets with strong silver-gold polymetallic potential in a region with a long history of significant silver and gold production." Under the terms of the agreement, Argyle has three years to earn a 100% interest in the McKay Hill property. The terms stipulate that Argyle must complete cash payments totaling CA$450,000, issue common shares valued at CA$600,000 (priced at a 10-day VWAP), and undertake work expenditures totaling CA$1.2 million. The breakdown of payments over the three years includes initial cash payments and share issuances upon signing, with subsequent payments and work expenditures spread over the following two years. Following the receipt of approval from the Canadian Securities Exchange (CSE), Argyle has already made its initial cash payment and issued 1,332,149 common shares to Metallic Minerals, according to the release. Argyle also retains the option to accelerate the exercise of the option by fulfilling the required commitments ahead of schedule. Upon the exercise of the option, Metallic Minerals will maintain a connection to the McKay Hill property through its equity ownership in Argyle and a net smelter returns royalty (NSR) of 3.5%, which includes an existing underlying royalty and a royalty retained by Metallic. Additionally, a portion of this NSR will be subject to buyback provisions, allowing for further financial flexibility, MMG said. <h2 style="text-align: center;">Six Kilometer-Scale Target Areas Identified on Property</h2> The McKay Hill Property is a significant land package spanning 55 square kilometers, situated about 50 kilometers north of the renowned high-grade Keno Hill Silver District in Yukon Territory, the release said. The property is recognized for its district-scale potential for silver-gold-copper-lead-zinc mineralization and has a history of production. Metallic Minerals' exploration efforts have successfully delineated six kilometer-scale target areas, primarily identified through soil and rock geochemistry. Additionally, 37 high-grade polymetallic structures have been identified, which have seen limited modern exploration. Recent regional programs, supported by the Yukon Mineral Exploration Program, have also led to the discovery of multiple new clusters of mineralization. The focus of recent work at the McKay Hill Property has been on data compilation and target refinement, setting the stage for more detailed follow-up exploration, Metallic said. Argyle is a mineral exploration company with a broad portfolio of projects across North America, including the Pilgrim Islands, Matapedia, Lac Comporté, and Saint Gabriel quartzite silica projects in Québec. Additionally, it manages the Sundance Bear Lodge Rare Earth Element project in Crook County, Wyoming, and the Bovill Silica Project in Bovill, Idaho. Beyond its direct exploration activities, Argyle is actively engaged in a research partnership with the INRS, a research and training institute funded by the Québec government, highlighting its commitment to advancing mineral exploration through scientific collaboration, the release noted. <h2 style="text-align: center;">Resources Open to Expansion on Key Copper and Silver Projects</h2> <a href="https://www.streetwisereports.com/article/2026/03/17/mining-co-expands-critical-minerals-resource-to-1-3b-lbs-copper-17-moz-silver-and-272k-oz-pge-au-at-colorado-project.html?utm_medium=feed" target="_blank" rel="noopener">A Couloir Capital Research Team report on January 29</a> highlighted significant advancements across the remaining projects for Metallic Minerals, particularly noting key exploration achievements at the core La Plata and Keno Silver Projects. Additionally, the company has started to generate royalty income from alluvial gold claims at its Australia Creek property, which is strategically located near Dawson City, Yukon, in the famed Klondike gold district. At the La Plata project, the 2026 mineral resource estimate (MRE) revealed a 23% increase in inferred resource tonnage compared to the 2023 MRE, bolstered by 4,350 meters of drilling. The updated MRE now reports inferred resources of 181.4 million tonnes, containing 1.3 billion pounds of copper at a grade of 0.33% and 17 million ounces (Moz) of silver at 2.9 grams per tonne (g/t). Furthermore, a specific subset of 45.4 million tonnes includes significant quantities of platinum group elements (PGEs) and gold, totaling 272,000 ounces at 0.18 g/t. The report from Couloir Capital suggests substantial potential for further increases in copper-equivalent grade and precious-metal content at the broader Allard deposit with additional drilling. This potential is particularly notable given the limited historic assaying for gold, platinum, and palladium. The resource remains open for expansion both along strike and at depth, with sixteen untested porphyry centers identified across the La Plata project area. To explore these targets and assess further expansion possibilities, management has planned a comprehensive drilling program for 2026. Couloir Capital has maintained its BUY rating for the company and updated its fair value per share estimate to CA$1.24, up from CA$0.80. This increase reflects an expanded resource base and higher peer group multiples. The firm also noted that upcoming catalysts such as news from the 2026 exploration programs at La Plata, Keno Silver, and the Klondike, along with any significant financing-related news or potential delays in exploration, development, or permitting timelines, could materially impact its valuation estimate of the company. <a href="https://www.streetwisereports.com/article/2026/01/28/1-5b-added-metal-value-as-copper-silver-resource-jumps-23-and-adds-platinum-palladium.html?utm_medium=feed" target="_blank" rel="noopener">In a separate analysis dated January 27</a>, Red Cloud Analyst Taylor Combaluzier commented on the La Plata resource expansion, describing it as a "positive update." Combaluzier highlighted the project's uniqueness as one of the few development-stage projects in the United States that includes platinum group elements (PGEs), adding economic value and enhancing the project's critical minerals profile. He expressed optimism about the project's future, stating, "We believe that further drilling success and ongoing support from strategic investors like Newmont should boost the attractiveness of this bulk-tonnage porphyry deposit as the U.S. seeks to develop its domestic critical mineral resources." <h2 style="text-align: center;">Current Level May Hold Buying Opportunity</h2> On May 6, Metallic Minerals experienced a notable increase in its stock price, which rose by 7.41% from CA$0.270 to CA$0.290, <a href="https://stockinvest.us/stock/MMG.V" target="_blank" rel="noopener">according to an AI analysis by StockInvest.us on May 7</a>. Over the past two weeks, the stock has seen an overall gain of 5.45%. Additionally, trading volume increased significantly, with 246,000 more shares traded than the previous day, totaling 257,000 shares bought and sold. Despite the stock's position in a broadly declining short-term trend, the increase in price and volume is a positive technical indicator, the analysis said. The stock currently displays buy signals from both short-term and long-term moving averages, suggesting a positive outlook. "Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term," the site said. "We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate." <h2 style="text-align: center;">The Catalyst: Metals Markets Rebound on Possible Peace News</h2> Copper prices saw an uptick on Wednesday, buoyed by positive developments in negotiations aimed at resolving the ongoing conflict with Iran and alleviating concerns about potential economic disruptions, <a href="https://uk.finance.yahoo.com/news/copper-prices-gain-trump-highlights-093818898.html" target="_blank" rel="noopener">reported Fiona Craig for Yahoo! Finance on May 6</a>. By 08:24 GMT, three-month copper contracts on the London Metal Exchange had risen by 1.1% to US$13,134.50 per metric ton, marking the highest level since April 27, she noted. U.S. President Donald Trump contributed to the positive sentiment on Tuesday by announcing a temporary suspension of the operation escorting vessels through the Strait of Hormuz. He mentioned that "great progress" had been made toward reaching a broader agreement with Iran. Following these remarks, there was a noticeable positive shift in global financial markets, with stock markets advancing, oil prices falling, and the U.S. dollar weakening.[OWNERSHIP_CHART-9081] Market watchers have indicated to CNBC that the rally in gold and silver, which saw historic highs in 2025, could potentially resume if a peace settlement between the U.S. and Iran is achieved, <a href="https://www.cnbc.com/2026/05/07/gold-silver-rally-resume-once-war-lifts-markets.html" target="_blank" rel="noopener">according to a piece written by Chloe Taylor and Joseph Wilkins for CNBC on May 7</a>. This speculation comes as spot gold saw a 1.2% increase to US$4,750 per ounce early on Thursday, fueled by optimism that the U.S. and Iran might be close to concluding their 69-day conflict. Both gold and silver experienced significant rallies last year, with gold surging 66% and silver by 135%. However, 2026 has brought more volatility to these markets, with silver futures experiencing their largest single-day drop since the 1980s at the end of January, and gold shedding more than 10% from its peak in the same month. The ongoing U.S.-Iran war, which started on February 28, has tested gold's status as a "safe haven" asset. Factors such as the potential for higher interest rates, a strengthening U.S. dollar due to rising oil prices, and traders liquidating positions have all contributed to gold's recent downturn. Ross Norman, CEO of Metals Daily, noted that gold was "significantly overbought" as the conflict began, prompting dealers to take profits and the market to consolidate as traders sold off their best-performing assets. Despite these challenges, gold's role as a protective asset was highlighted during the market turbulence in March. Francis Tan, chief Asia strategist at Indosuez Wealth Management, pointed out in a CNBC interview that gold proved to be a valuable asset for investors. He explained, "If you look at March, when equities were selling, for an investor with some allocation in gold during that period, you were sitting on pretty strong returns in gold, and you could perhaps take some off the table to cover some of your equity losses." <h2 style="text-align: center;">Ownership and Share Structure1</h2> Ownership of the company breaks down this way: management and associates own 15%, Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX) holds 9.5%, Eric Sprott has 10.5%, institutions own 20%, and high net worth and retail investors own 45%. Metallic Minerals Corp. had approximately 213.5 million issued and outstanding shares. Its market capitalization was about CA$61.92 million based on the current share price. The company's 52‑week trading range was about CA$0.20 to CA$0.47 per share. This reflects the most recent share count and price data available from multiple market sources. <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>Metallic Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Metallic 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 Metallic Minerals Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31153"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31153" width="0" height="0"> ( Companies Mentioned: MMG:TSX.V; MMNGF:OTC, ) MMG:TSX.V; MMNGF:OTC Thu, 07 May 2026 00:00:00 PST Gold Developer Discovers Excellent Infrastructure Opportunity at Tanzania's Imwelo Project https://www.streetwisereports.com/article/2026/05/07/gold-developer-discovers-excellent-infrastructure-opportunity-at-tanzanias-imwelo-project.html Source: <a href="https://www.streetwisereports.com/article/2026/05/07/gold-developer-discovers-excellent-infrastructure-opportunity-at-tanzanias-imwelo-project.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE) announces targeted sterilization drilling at its Imwelo Gold Project. Read why one analyst says it's an important step for future construction.<a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX; LVGLF:OTCQB; E1K:FSE)</a> announced it is advancing its fully permitted Imwelo Gold Project toward development with drill rigs mobilizing to site ahead of a targeted sterilization drilling program scheduled to start next week, <a href="https://lakevictoriagold.com/lake-victoria-gold-advances-imwelo-toward-construction-with-commencement-of-site-sterilization-drilling/">according to a May 6 release</a>. The drilling is a crucial component of the pre-construction phase, aimed at facilitating the final decisions regarding infrastructure placement and site layout as LVG pushes the Tanzania project towards near-term production. "Mobilizing drill rigs to site marks another important step as we advance Imwelo toward development and construction," President and Chief Executive Officer Marc Cernovitch said. "This program is focused on de-risking the project at the infrastructure level, ensuring that key facilities are optimally located ahead of construction. With engineering work progressing in parallel, we continue to move Imwelo forward in a disciplined manner toward near-term production." The upcoming drilling program is scheduled to start in mid-May and is expected to last about 21 days. It is specifically designed to carry out sterilization drilling to ensure that the infrastructure for the plant and other site facilities is optimally placed. This involves approximately 1,050 meters of reverse circulation (RC) drilling that will target areas planned for the plant, accommodation, and support facilities. The results from this drilling will play a vital role in the final site layout, engineering design, and the sequencing of development, the company said. This efficient drilling program is structured to conclude within roughly three weeks, ensuring that the project remains on schedule. The sterilization drilling is intended to confirm that the final infrastructure is sited in locations that will not interfere with potentially mineralized zones, thereby supporting efficient mine development, according to the release. The planned drilling includes about 500 meters across the plant area with 10 holes going to depths of approximately 50 meters, and about 550 meters in the accommodation and stores area with 11 holes also reaching depths of around 50 meters. Additionally, the program will include testing of northwest and east-west trending magnetic anomalies. The Imwelo Gold Project is gaining significant development momentum as Lake Victoria Gold continues to push the project towards the construction phase. The sterilization drilling program is a crucial component of a series of engineering and development activities currently being executed, including finalizing the mine design, optimizing the site layout, and securing project financing, all of which are orchestrated to ensure a smooth transition from the development stage to construction. Looking ahead, the company has outlined several key steps to maintain this momentum. The sterilization drilling, scheduled for completion between May and June 2026, is critical for confirming the placement of infrastructure and finalizing the site layout. The results from this drilling will be integral to finalizing the detailed site layout and engineering design. Furthermore, the project will see the advancement of the final pit design and mine planning. This includes the scheduling and sequencing of the initial mining areas, ensuring that the mining process is both efficient and effective. Concurrently, ongoing geotechnical and engineering work will continue to assess slope stability, design pit walls, and characterize near-surface materials. These studies are essential for finalizing the pit configuration and ensuring the project is construction ready. Additionally, the development of site access and infrastructure is progressing, the company said. This includes roadwork and site preparation, which are vital for supporting the upcoming construction activities and future operations at the Imwelo Gold Project. <h2 style="text-align: center;">Drilling Crucial for Optimizing Site Layout</h2> According to an updated research note on May 6 by Atrium Analyst Ben Pirie, the drilling program is crucial for confirming the final placement of infrastructure and optimizing the site layout as LVG progresses towards near-term production. "For context, sterilization drilling is a standard pre-construction step designed to confirm that planned facilities are not located over potentially mineralized material, ensuring infrastructure is optimally positioned and avoiding sterilization of any near-surface ounces," Pirie wrote. "The program is expected to wrap up within roughly three weeks, with results feeding directly into final site layout, engineering design, and development sequencing." Concurrently, LVG is advancing other pre-construction activities, including final pit design and mine planning, scheduling and sequencing of initial mining areas, geotechnical and engineering work, slope stability analysis, and ongoing roadwork and site preparation. These initiatives are integral to the imminent commencement of construction. On the financial front, LVG recently announced an increase in its non-brokered convertible debenture financing from CA$3 million to CA$3.8 million due to strong investor demand, with the conversion price adjusted to CA$0.30 per share. This adjustment was made alongside the announcement of a US$25 million gold loan facility from Monetary Metals. Additionally, LVG is exercising its mandatory conversion rights on its 2024 debentures, converting the remaining CA$217,000 outstanding into shares at CA$0.18 per share. These financial maneuvers strengthen LVG’s balance sheet and enhance its flexibility as it approaches the construction phase at Imwelo, the analyst said. Looking ahead, key catalysts for LVG include ongoing progress and drilling results from the Tembo Project in partnership with Barrick, and the anticipated commencement of construction at Imwelo slated for the second to third quarter of 2026. Pirie said Atrium likes LVG for its clear path to production at Imwelo, strategic partnership with Barrick at Tembo, and significant exploration potential across its portfolio. The company’s experienced management team and strategic partnerships, which own approximately 39% of shares, further bolster its prospects. He maintained Atrium's Buy rating with a CA$0.50 target price, a return of 79% at the time of writing. <h2 style="text-align: center;">Advancing Project Should Drive Stock Price, Analyst Says</h2> Analyst Alina Islam from Red Cloud Securities provided an updated research report on April 2, noting that the funding structure established for the project is strategically designed to minimize shareholder dilution while providing robust and largely non-dilutive capital to advance the project's development. Imwelo, while relatively small with a projected steady state production of 24,000 ounces of gold per year, plays a strategic role within Tanzania's Lake Victoria Goldfield, the analyst said. "We suspect that down the road, cash flow from Imwelo would help fund and capture upside from the company's Tembo project, which shares geological similarities with Barrick's 150,000 oz Au/yr Bulyanhulu mine," Islam wrote. "While Tembo is early-stage, management is in the midst of completing advanced negotiations with Nyati Resources (Private) for potential toll milling opportunities at Nyati's … CIP plant, located on Lake Victoria's claims." Imwelo is fully permitted for construction and production, located just 12 kilometers west of AngloGold Ashanti's Geita mine, and holds a 10-year mining license. Recent tests have confirmed gold recoveries of up to 97% using a conventional gravity + CIL processing method. While Islam noted Red Could does not have a rating or target price on the stock, "advancing Imwelo towards a start-up to generate cash flow, and successful exploration at the Tembo project, should drive the stock price." <h2 style="text-align: center;">The Catalyst: Possible Peace Gives Gold a Nudge</h2> Gold prices experienced a significant surge this week, driven by emerging signs that the U.S. and Iran might soon finalize a peace agreement, <a href="https://www.investing.com/news/commodities-news/gold-prices-rise-on-middle-east-deescalation-signals-weaker-dollar-4661650" target="_blank" rel="noopener">according to a report by Anuron Mitra for Investing.com that was updated May 7</a>. This development pressured both oil prices and the dollar, subsequently enhancing the attractiveness of gold as an investment. By 3:11 p.m. ET Wednesday, spot gold had risen by 3% to US$4,694.40 per ounce, and gold futures also saw a 3% increase to US$4,705.50 per ounce. Reports from Axios indicated that the White House was on the verge of securing a deal with Iran, involving a one-page memorandum of understanding aimed at concluding the ongoing conflict. This preliminary agreement, according to two U.S. officials cited in the report, would set the stage for more comprehensive nuclear negotiations. The U.S. is anticipating Tehran's response to several critical points within the next 48 hours. If realized, the deal would involve Iran agreeing to halt nuclear enrichment activities, while the U.S. would lift sanctions and unfreeze billions of dollars in Iranian assets. Additionally, the agreement would remove restrictions on the Strait of Hormuz, reopening this vital transit route. The Wall Street Journal also covered the development, noting that the proposal includes a 14-point plan and would allow a one-month period for discussions aimed at ending the war. President Donald Trump later commented on social media regarding the potential agreement, stating, "Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran." This statement underscores the significant geopolitical implications of the agreement and its potential impact on global markets, including those for precious metals like gold. <a href="https://vblgoldfix.substack.com/p/goldman-on-the-path-to-5400?utm" target="_blank" rel="noopener">According to an April 28 post on Goldfix</a>, Goldman Sachs analysts Lina Thomas and Daan Struyven have maintained their optimistic forecast for gold prices, predicting that they will reach US$5,400 per troy ounce by the end of 2026.[OWNERSHIP_CHART-11073] This projection is based on several factors including ongoing diversification by central banks, a normalization of currently low speculative positions, and anticipated Federal Reserve rate cuts totaling 50 basis points, as expected by their economists. Despite a temporary slowdown in central bank gold purchases in February 2026, which saw only 2 tonnes being bought amid extreme price volatility, Goldman Sachs expects an average monthly purchase of 60 tonnes throughout the year. This expectation aligns with sentiments from a recent Goldman Sachs central bank conference where approximately 70% of participants anticipated an increase in global gold reserves, and about 25% expected them to remain stable. However, the analysts also acknowledge potential short-term risks that could pressure gold prices downward. These include possible continued liquidations if disruptions in the Strait of Hormuz persist, or corrections in the bond or equity markets. Notably, they mention that much of the gold positioning and call option overhang has already been cleared, which might mitigate some of the downward pressure. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Approximately 28% is owned by management and insiders, institutions hold 15%, and strategic corporate investors (including Barrick Mining Corp. and the TAIFA Group) own 23%. The remainder is retail. Top shareholders include AIMS Asset Management with 9.5%, Rostam Aziz with 8.02%, Simon Charles Benstead with 7.21%, Concept Capital Management Ltd. with 5.71%, and Walter David Scott with 3.01%. The company's market cap is CA$56.86 million. It has 199.5 million shares outstanding, according to the company, and trades in a 52-week range of CA$0.16 to CA$0.36. <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>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lake Victoria Gold 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=31152"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31152" width="0" height="0"> ( Companies Mentioned: LVG:TSX; LVGLF:OTCQB; E1K:FSE, ) LVG:TSX; LVGLF:OTCQB; E1K:FSE Thu, 07 May 2026 00:00:00 PST Oncology Company Given Neutral Rating as Q1/26 Beat Sets Up Catalyst https://www.streetwisereports.com/article/2026/05/07/oncology-company-given-neutral-rating-as-q1-26-beat-sets-up-catalyst.html Source: <a href="https://www.streetwisereports.com/article/2026/05/07/oncology-company-given-neutral-rating-as-q1-26-beat-sets-up-catalyst.html?utm_medium=feed">Dr. David Nierengarten 05/07/2026</a> Wedbush Securities reiterated a Neutral rating on Novocure Ltd. (NVCR:NASDAQ) after the company posted a Q1/26 revenue beat of US$174.1 million, raised FY26 guidance to US$690710 million, and reported encouraging early Optune Pax launch metrics. On April 30, 2026, analysts David Nierengarten, Dennis Pak, and Martin Fan of Wedbush Securities reiterated a Neutral rating and a 12-month price target of US$18.00 on Novocure Ltd. (NVCR:NASDAQ), implying upside of roughly 26.6% from the April 30, 2026 closing price of US$14.22, following a Q1/26 revenue beat and the company's first quarter of contribution from the newly approved Optune Pax device in pancreatic cancer. Q1/26 revenue of US$174.1 million (-0.2% q/q, +12% y/y) topped Wedbush's US$170.7 million estimate, aided by approximately US$2.5 million of one-time benefits tied to higher approval rates in Germany and US$1 million tied to contract performance improvements in France. Excluding those items, organic revenue of approximately US$170.6 million was in line with the firm's estimate. Total active patients reached 4,791 globally, with 4,543 on Optune Gio (+9% y/y), 165 on Optune Lua (+56% y/y), and 83 on Optune Pax at quarter-end. Management raised FY26 revenue guidance to a range of US$690–710 million from US$675–705 million, while keeping the combined Optune Lua and Optune Pax contribution range at US$15–25 million. The core glioblastoma (GBM) franchise continued to show steady international momentum, with Japan, Germany, and France contributing 20%, 12%, and 9% y/y active patient growth, respectively. U.S. active patients grew 4% y/y to 2,250, and management expects low-to-mid single-digit active patient growth in mature markets, with higher growth anticipated in newer geographies such as Spain and Czechia. Gross margin expanded to 78% from 75% in Q1/25, driven by lower array costs from improved utilization and supplier pricing, although management continues to guide to mid-70s gross margin for the full year as Optune Pax patients ramp ahead of broader reimbursement. Early launch metrics for Optune Pax look encouraging, with 169 prescriptions received and 83 active patients on therapy in the seven weeks following FDA approval. The analysts noted they "would like to see a few additional quarters of momentum before getting more constructive on the opportunity" and expect reimbursement dynamics to limit near-term revenue contribution. They continue to view the lung opportunity as constrained by competition from targeted therapies and IO/chemo regimens, as well as limited median treatment duration in a relatively sick population. Looking ahead, TRIDENT topline data remain the most meaningful near-term catalyst, with results expected in Q2/26. Positive data could extend the duration of therapy in the core GBM franchise by moving TTFields initiation earlier into the chemoradiation phase, though even with success, adoption will take time to translate into meaningful revenue. Beyond TRIDENT, the PMA decision in brain metastases from non-small cell lung cancer (NSCLC) is expected in Q4/26, alongside completion of enrollment in the Phase 3 KEYNOTE-D58 trial evaluating TTFields plus pembrolizumab in newly diagnosed GBM. The analysts continue to view brain metastases as a narrow commercial opportunity given limited treatment duration and poor prognosis. The US$18.00 price target reflects a sum-of-parts valuation based on a 3× multiple to worldwide 2026E Optune sales in GBM, an 8× multiple to 2026E Zai Lab royalties, and a pipeline valuation that includes an 8× multiple to TTFields sales in metastatic brain cancer from NSCLC (40% discount), an 8× multiple to TTFields sales in 1L and 2L NSCLC (15–35% discount), and an 8× multiple to TTFields sales in 1L locally advanced pancreatic cancer (15% discount). Upside risks include better-than-expected Optune sales, broader clinical de-risking of TTFields, and potential M&A premiums, while downside risks include weaker-than-expected Optune sales/adoption and clinical failure of TTFields across multiple indications. Company information at the time of the report included a market capitalization of US$1,382 million, an enterprise value of US$1,281 million, 108.2 million shares outstanding, a 52-week range of US$9.82–20.06, cash per share of US$3.98, tangible book value per share of US$3.03, and net debt of US(252.63) million. Wedbush forecasts FY26 total revenue of US$707.3 million (raised from US$695.3 million prior) and FY27 revenue of US$765.3 million (raised from US$728.7 million), with EPS estimates of US (1.42) for FY26 and US$(0.86) for FY27. <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 Wedbush Securities, Novocure, April 30, 2026 Valuation 3x/8x mult. of our 2026E sales/royalty est. (discounted back 11%) + 8x mult. of 2027E brain met sales (discounted back 40%). Company Description NovoCure is an emerging player in the oncology market with its flagship product, Optune, which is approved in multiple countries for the treatment of newly-diagnosed and recurrent glioblastoma (GBM) and malignant pleural mesothelioma (MPM) Risks to the Attainment of Our Price Target and Rating: Upside risk to our current PT and rating include better-than-expected Optune sales and TTFields being broadly de-risked clinically and/or potential premiums associated around M&A activity. Further downside risk to our PT and rating include poorer-than-expected Optune sales/adoption and clinical failure of TTFields in multiple indications. Analyst Certification We, David Nierengarten, Dennis Pak and Martin Fan, , certify that the views expressed in this report accurately reflect our personal opinions and that we have not and will not, directly or indirectly, receive compensation or other payments in connection with our specific recommendations or views contained in this report. Mentioned Companies Investment Rating System: OUTPERFORM: Expect the total return of the stock to outperform relative to the median total return of the analyst's (or the analyst's team) coverage universe over the next 6-12 months. NEUTRAL: Expect the total return of the stock to perform in-line with the median total return of the analyst's (or the analyst's team) coverage universe over the next 6-12 months. UNDERPERFORM: Expect the total return of the stock to underperform relative to the median total return of the analyst's (or the analyst's team) coverage universe of the next 6-12 months. The Investment Ratings are based on the expected performance of a stock (based on anticipated total return to price target) relative to the other stocks in the analyst's coverage universe (or the analyst's team coverage).* Rating distribution (as of April 30, 2026) Investment Banking Relationships (as of April 30, 2026) OUTPERFORM: 74.68% OUTPERFORM: 12.43% NEUTRAL: 22.36% NEUTRAL: 7.55% UNDERPERFORM: 2.95% UNDERPERFORM: 0.00% The Distribution of Ratings is required by FINRA rules; however, WS' stock ratings of Outperform, Neutral, and Underperform most closely conform to Buy, Hold, and Sell, respectively. Please note, however, the definitions are not the same as WS' stock ratings are on a relative basis. The analysts responsible for preparing research reports do not receive compensation based on specific investment banking activity. The analysts receive compensation that is based upon various factors including WS' total revenues, a portion of which are generated by WS' investment banking activities. Company Specific Disclosures This information is subject to change at any time. This research is provided for educational and informational purposes only and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. Investing involves risk, including the risk of loss of principal. Your investments may decline in value due to both real and perceived general market, economic, and industry conditions. Diversification does not ensure profits or protect against loss. This research was prepared without regard to specific investment objectives, strategies, tax status, investment horizon, financial situation or needs of any investor. Wedbush Securities, Inc. (“WSI”) encourages recipients of this report to read all relevant offering documents (e.g., prospectus) pertaining to any investment concerned, including without limitation, information relevant to its www.wedbush.com Page 4 This report is intended for lifesciencesresearch@streetwisereports.com. Unauthorized distribution prohibited. investment objectives, risks, and costs before making an investment decision and when deemed necessary, to seek the advice of a legal, tax, and/or accounting professional. Past performance is no guarantee of future results. Reliance upon information in this research is at the sole discretion of the reader. All information in this research is believed to be reliable as of the date on which this research was issued and has been obtained from public sources believed to be reliable. No representation or warranty, either express or implied, is provided in relation to the accuracy or completeness of the information contained herein. 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Please note that any such statements are not guarantees of any future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Prepared by Wedbush Securities, Inc., a member of FINRA and SIPC. 1. WS makes a market in the securities of NovoCure. Price Charts NovoCure Rating History as of 04-29-2026 powered by: BlueMatrix 100 80 60 40 20 0 Jul 23 Oct 23 Jan 24 Apr 24 Jul 24 Oct 24 Jan 25 Apr 25 Jul 25 Oct 25 Jan 26 Apr 26 UP:$53.00 05/04/2023 N:$46.00 06/06/2023 N:$23.00 08/28/2023 N:$21.00 10/26/2023 N:$24.00 06/03/2024 N:$29.00 12/02/2024 N:$27.00 04/16/2025 N:$18.00 07/24/2025 Closing Price Price Target Outperform (OP); Neutral (N); Underperform (UP); Not Rated (NR) Wedbush disclosure price charts are updated within the first fifteen days of each new calendar quarter per FINRA regulations. Price charts for companies initiated upon in the current quarter, and rating and target price changes occurring in the current quarter, will not be displayed until the following quarter. Additional information on recommended securities is available on request. Disclosure information regarding historical ratings and price targets is available: Research Disclosures *WS changed its rating system from (Strong Buy/ Buy/ Hold/ Sell) to (Outperform/ Neutral/ Underperform) on July 14, 2009. Applicable disclosure information is also available upon request by contacting the Research Department at (212) 833-1375, by email to leslie.lippai@wedbush.com. You may also submit a written request to the following: Wedbush Securities, Attn: Research Department, 142 W 57th Street, New York, NY 10019. OTHER DISCLOSURES The information herein is based on sources that we consider reliable, but its accuracy is not guaranteed. 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The herein mentioned securities may be sold to or bought from customers on a principal basis by this firm. Additional information with respect to the information contained herein may be obtained upon request. Wedbush Securities does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Please see pages 3–7 of this report for analyst certification and important disclosure information. Retail Investors The information provided is for general informational purposes only and should not be considered an individual recommendation or personalized investment advice. The companies/investments mentioned may not be suitable for everyone. Each investor needs to review their own respective situation(s) before making any investment decisions. All expressions of opinion are subject to change without notice due to shifting market(s), economic or political conditions. Investment involves risks including the risk of principal. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31151"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31151" width="0" height="0"> ( Companies Mentioned: NVCR:NASDAQ, ) Thu, 07 May 2026 00:00:00 PST Gold Explorer Targets Massive Paleochannel System in Brazil's Madeira River https://www.streetwisereports.com/article/2026/05/06/gold-explorer-targets-massive-paleochannel-system-in-brazils-madeira-river.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/gold-explorer-targets-massive-paleochannel-system-in-brazils-madeira-river.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Canary Gold Corp. (BRAZ:CSE; CNYGF:OTC; K5D:FSE) updates on its exploration activities at the Madeira River Project in Rondnia, Brazil. See why one expert recommends the stock as a Speculative Buy.<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> shared an update on its exploration activities at the Madeira River Project in Rondônia, Brazil, <a href="https://www.stockwatch.com/News/Item/Z-C!BRAZ-3816713/C/BRAZ" target="_blank" rel="noopener">in a May 6 release</a>. The company recently received analytical results from the first 33 screw auger drill holes, part of its inaugural exploration program, the release noted. To date, Canary Gold has completed 63 shallow screw auger drill holes, totaling 1,289 meters. Assay results have shown gold concentrations ranging from 10 ppb (parts per billion) to 109 ppb gold (Au) in six widely spaced holes within a 5-kilometer- by 10-kilometer area initially targeted as a potential paleochannel system. The initial findings have confirmed the presence of gold, which was previously identified visually in pan concentrate samples from shallow, immature sand-gravel horizons, Canary said. These horizons fill a newly identified, potentially extensive paleochannel system extending some 10 kilometers east of the active Madeira river system. The company is now focusing on drilling targeting deeper, more mature, coarser sand-gravel sedimentary horizons. These horizons are characterized by rounded quartz clasts, iron enrichment, and the presence of ilmenite grains, and are believed to potentially host higher gold concentrations. "These initial results are encouraging and provide early support for our interpretation of a laterally extensive paleochannel system at Madeira River," President Mark Tommasi said. "While the program remains at an early stage, the presence of gold within these shallow horizons across a broad area is an important step in advancing our understanding of the system. With RC drilling now underway, we are focused on systematically testing the deeper, more mature sedimentary horizons to better evaluate the potential of this target." Following the arrival of an RC drill rig on site, the company said it has started a reverse circulation drilling program to define the geometry and lateral extent of the paleochannel system and test deeper horizons, potentially down to granite bedrock, where higher maturity sedimentary layers are interpreted to occur. Although the nearby Madeira River, located approximately 10 kilometers west of the project, has seen active and historical gold production, this is not necessarily indicative of mineralization on the company's property. The exploration activities conducted so far represent about 5% of Canary Gold's planned exploration program and have covered only a limited portion of an interpreted 80-kilometer prospective strike length. As such, the company emphasizes that its exploration efforts are still in the early stages. <h2 style="text-align: center;">New Centrifuge Installed</h2> <a href="https://www.streetwisereports.com/article/2026/04/09/gold-co-with-paleochannel-system-discovery-expands-exploration-in-brazil.html?utm_medium=feed" target="_blank" rel="noopener">The company recently said it had installed and commissioned a new centrifuge</a> at its exploration sampling facility in Porto Velho, Rondônia, Brazil, to enhance sample processing capacity at the facility, which is crucial for supporting the company's expanding reconnaissance drilling efforts at the Madeira River Project. The new centrifuge is specifically aimed at improving processing capabilities, thereby reducing turnaround times for sample analysis and accommodating the increasing volume of samples generated as field operations expand. The Madeira River Project remains a central focus of Canary Gold’s exploration strategy. The company is dedicated to swiftly assessing and prioritizing targets throughout the vast project area using a data-driven approach. Tommasi emphasized at the time that the additional centrifuge capacity will enhance the company's ability to efficiently process samples and support the ongoing advancement of its reconnaissance drilling efforts across the project. Gold centrifuges are essential in the mining and sampling process, utilizing high G-forces to effectively separate fine gold from lighter waste materials. They are particularly effective at recovering fine-grained, free gold from both hard rock and alluvial deposits, often achieving up to 99% recovery rates. This technology is crucial for maximizing gold recovery and improving the efficiency of mining operations. <h2 style="text-align: center;">Area Known for Its Abundant 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">In a stock review dated December 5, 2025, Technical Analyst John Newell highlighted</a> Canary Gold Corp.'s advantageous position in the Brazilian gold market, which is experiencing rising gold prices and a favorable market environment. Newell commended Brazil for its innovative methods in gold discovery, tracking, and regulation, and recognized Canary Gold's substantial contributions to these advancements. The company manages approximately 163,000 hectares along the Madeira River system, an area known for its abundant placer deposits that historically yielded over 7 million ounces (Moz) of gold from the 1970s through the 1990s. Newell elaborated on Canary's exploration hypothesis which suggests that the gold historically collected by local artisans may have originated from the Bolivian Andes, traveled to the Madeira Basin, and settled in a cemented, iron-rich layer known as Mocururu. This layer is thought to be a preserved paleoplacer surface that covers a significant portion of Canary's project area and could be the primary source of the region's alluvial gold. Over the last three years, Canary has conducted extensive geological surveys, including resistivity surveys, radiometrics, sonic drilling, and aircore drilling, to map this horizon and confirm its presence under a shallow cover across an approximately 80-kilometer stretch. These efforts have revealed visible gold in Mocururu sediments and pan concentrates, with high-resistivity bands indicating that the duricrust horizon is located 1–30 meters below the surface. The company is now shifting from theoretical exploration to systematic drill testing. Looking forward, Newell expressed optimism about the potential outcomes of the drilling program within a strong 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 respond 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 seeking leveraged exposure to an unfolding Brazilian gold narrative, underscored by significant upcoming drilling activities. <h2 style="text-align: center;">The Catalyst: Gold Prices Heading Higher</h2> On Wednesday, gold prices soared to their highest level in more than a week, driven by reports of ongoing negotiations, <a href="https://www.cnbc.com/2026/05/06/gold-jumps-on-weaker-dollar-middle-east-peace-hopes.html" target="_blank" rel="noopener">as detailed in a CNBC report on May 6</a>. Peter Grant, vice president and senior metals strategist at Zaner Metals, commented on the situation, stating, "The optimism about a final deal between the U.S. and Iran has caused at least some short-term relief in gold, with lower oil prices, moderated inflation concerns, and shifted biases with regards to Fed actions later in the year." However, he also warned, "I wouldn’t say we're necessarily completely out of the woods. The market is going to continue to pivot on Middle East headlines." Simultaneously, the mining sector witnessed a robust rally, particularly among gold and precious metals producers who enjoyed double-digit gains. <a href="https://www.msn.com/en-us/money/markets/gold-miners-rally-amid-earnings-beats-rising-bullion-prices/ar-AA22xl4g?ocid=finance-verthp-feeds" target="_blank" rel="noopener">This surge was highlighted in a May 6 Seeking Alpha report published on MSN</a>, which attributed the rally to a combination of stronger-than-expected earnings and a significant rise in bullion prices. The report emphasized that the positive momentum in the mining sector is largely due to the favorable economic conditions for gold producers. With relatively fixed short-term cost structures, any increase in gold prices can rapidly boost profit margins, effectively turning modest revenue growth into substantial profit increases. This dynamic proves especially advantageous for miners. The rally on Wednesday also indicated growing investor confidence that mining companies are moving into a more favorable phase of the economic cycle, suggesting a promising outlook for the industry. In her recent analysis on precious metals, Amy Gower, the Metals & Mining Commodity Strategist at Morgan Stanley Research, maintained her forecast that gold prices will close the year at approximately US$5,200 an ounce, marking an increase of about 10% from current levels, <a href="https://www.kitco.com/news/article/2026-05-06/morgan-stanley-sees-gold-prices-climbing-5200-despite-geopolitical" target="_blank" rel="noopener">reported Neils Christensen for Kitco News on May 6</a>. Gower commented on the recent performance of gold, noting that its struggle in the past few months, despite the ongoing geopolitical tensions due to the war in Iran, was not unexpected, Christensen said. "With the conflict triggering an energy supply shock that has reduced hopes for lower U.S. interest rates, it is not surprising that gold has struggled to work as a safe haven this time," the analysis noted.[OWNERSHIP_CHART-11442] The strategist also noted that high oil prices have been driving inflation pressures, prompting the Federal Reserve to reconsider its easing policy stance. Consequently, markets have begun to adjust expectations, moving away from anticipating rate cuts this year. Nevertheless, Morgan Stanley still anticipates at least one rate cut within the year, which Gower believes will support an upward trajectory for gold prices. She concluded, “Gold is likely to remain sensitive to real yields, but we see room for further upside.” <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%, President Tommasi with 0.52%, Hein Poulus with 0.52%, and Al Kanji with 0.13%. The company's market capitalization is CA$12.79 million, with 75.21 million shares outstanding. It trades within a 52-week range of CA$0.17 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 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=31147"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31147" width="0" height="0"> ( Companies Mentioned: BRAZ:CSE;CNYGF:OTC;K5D:FSE, ) BRAZ:CSE;CNYGF:OTC;K5D:FSE Thu, 07 May 2026 00:00:00 PST Copper-Gold Explorer Advances Toward 2 Potential Porphyry Sources in Southern BC https://www.streetwisereports.com/article/2026/05/06/copper-gold-explorer-advances-toward-2-potential-porphyry-sources-in-southern-bc.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/copper-gold-explorer-advances-toward-2-potential-porphyry-sources-in-southern-bc.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Torr Metals Inc. (TMET:TSX.V) completes its surface sampling program at two targets in its Kolos Copper-Gold Project in British Columbia. Read why one expert praises the company's exploration strategy.<a href="https://www.streetwisereports.com/pub/co/11133?utm_medium=feed" target="_blank" rel="noopener">Torr Metals Inc. (TMET:TSX.V)</a> announced the completion of its 2026 surface geochemical sampling program at the Bertha–Bertha North and Kova target areas, two of four interpreted porphyry centers within the company’s expansive 332-square-kilometer Kolos Copper-Gold Project in British Columbia, <a href="https://torrmetals.com/news/torr-metals-completes-surface-sampling-at-kolos-and-initiates-geophysical-surveys-in-preparation-for-drilling/" target="_blank" rel="noopener">according to a May 6 release</a>. The program was a continuation of Torr's initial Phase I drill program, which drilled 2,733 meters and confirmed the presence of a large-scale, long-lived hydrothermal native copper system with 68 mineralized intervals and oxidation reaching down to about 580 meters in vertical depth, the company said. The completion of this geochemical sampling marks a crucial step in advancing and refining targets for the anticipated porphyry source ahead of the fully funded Phase II drill program. "Results from our 2026 field program continue to strengthen our confidence in the presence of at least two larger mineralized intrusive systems at Bertha North and Kova," Chief Executive Officer Malcolm Dorsey said. "Our maiden drill program confirmed an extensive, long-lived hydrothermal system and defined the structural controls and geometry of key lithologies, but largely within the peripheral footprint of a broader porphyry system. Building on that we are now systematically vectoring toward what was missing, the core or 'heat engine' of the system. Our integrated approach has allowed us to follow subtle geophysical signatures beneath cover and identify new surface mineralization within potential source intrusions." The 2026 sampling program was strategically designed to assess the lateral and depth extensions of mineralization at Bertha–Bertha North and to provide the first-ever systematic coverage of the Kova target, the release noted. Throughout the program, a total of 521 soil samples and 50 rock grab samples were collected, with assay results currently pending. Field observations from April 2026 have significantly bolstered the company’s evolving geological and geophysical model, which aims to vector towards a potential porphyry source intrusion initially identified in the company’s news release dated April 15. Reconnaissance efforts have verified the presence of mineralized monzonite and diorite intrusive outcrops at the drill-permitted Bertha North and Kova targets. These outcrops are spatially associated with strong magnetic and resistivity anomalies, suggesting they are expressions of larger, yet-to-be-tested intrusive sources that will be the focus of the upcoming Phase II drill program, which plans for up to 6,000 meters of drilling. At the Bertha North target, the observed copper sulfide mineralization aligns with strong magnetic responses, while historical data at Kova indicates a similar association. Ongoing high-resolution magnetic surveys are expected to yield a modern dataset that will be crucial for delineating the geometry and extent of the underlying intrusive system, the company said. It is important to note that no modern surface geochemical data or high-resolution magnetic surveys have previously been conducted over Kova, Torr said. This underscores the significance of the recently completed geochemical program and the forthcoming geophysical work, which are both crucial for defining the scale and geometry of the Kova system. Both Bertha North and Kova represent highly prospective source areas located at key intersections of northwest and north-northeast structural corridors, Dorsey noted in the release. "At Bertha North mineralization is localized along a picrite contact, already demonstrated at Bertha to concentrate native copper along-strike, providing a compelling combination of structural and lithological controls analogous to those observed at the New Afton deposit, located approximately 27 kilometers to the north-northeast," Dorsey said. "As we advance toward our fully funded Phase II drill program, our focus is on refining and directly testing these potential source targets." <h2 style="text-align: center;">District-Scale Exploration Potential</h2> Torr is progressing with its exploration efforts at the Kolos Project by advancing high-resolution drone magnetic surveys, following the completion of its geochemical sampling. This step is crucial for refining drill targets ahead of the Phase II drilling. The company also plans to conduct targeted induced polarization (IP) geophysical surveys at the Bertha North and Kova drill testing sites, as well as at the newly defined Sonic Zone, which is located east of Highway 5 and is subject to permitting for potential future drilling. The Sonic Zone has emerged as a promising new copper-gold porphyry target, characterized by copper soil anomalies that cover an 8-square-kilometer footprint and elevated copper values in rock samples. Although this zone is not currently included in the Phase II drill plan, the company is advancing geophysical work to support potential future drilling, pending the necessary permits. The drone geophysical surveys aim to delineate magnetite-bearing intrusive bodies and zones of magnetite destruction associated with hydrothermal alteration, map structural controls including key fault intersections, provide datasets for 3D magnetic inversion modeling, and generate high-confidence targets for follow-up ground IP surveys. The Kolos Project is strategically situated within a highly prospective structural corridor defined by the intersection of north-northeast (N-NE) and northwest (NW) trending regional fault systems, Torr noted. Additionally, northwest-trending contacts and intrusive phases provide the lithologic and rheological architecture that focuses fluid flow and intrusion emplacement. At Kolos, the intersection of these structural orientations is interpreted to play a potentially comparable role, where N-NE structures act as primary conduits for mineralizing fluids, NW-trending contacts provide favorable structural and geochemical traps, and structural intersections create zones of enhanced permeability that focus porphyry intrusion emplacement and sulfide mineralization, according to the release. This structural framework is consistent with nearby major deposits, including the New Afton Mine and Ajax Deposit, located approximately 27 kilometers and 25 kilometers along two regional north-northeast trends from the company’s Bertha North–Kova targets and Sonic Zone, respectively. This underscores the district-scale exploration potential of the Kolos Project. Note that comparisons made with nearby deposits is not necessarily indicative of mineralization or endowment on the company's Kolos Project. <h2 style="text-align: center;">Co.'s Strategy Creates 'Discovery Leverage,' Analyst Says</h2> 1Technical Analyst John Newell from John Newell & Associates praised the company for its strategic focus on mining in established districts known for their infrastructure, operational mines, and importance to major producers, <a href="https://www.streetwisereports.com/article/2026/02/05/exploration-co-poised-for-discovery-in-british-columbias-premier-copper-mining-district.html?utm_medium=feed" target="_blank" rel="noopener">according to a review of the stock on February 5</a>. Newell highlighted Torr Metals' approach to identifying and advancing large, underexplored copper-gold systems in proven belts, positioning them to potentially make significant discoveries in areas where new deposits are both rare and highly sought after. "Torr's strategy is straightforward but disciplined: identify large, underexplored copper-gold systems in proven belts, advance them methodically to drill-ready status, and create discovery leverage in jurisdictions where new deposits are scarce but desperately needed," Newell wrote. Newell remained optimistic about the stock and set price targets of CA$0.24, CA$0.48, and a longer-term big-picture target near CA$0.60–CA$0.65. "Torr Metals is not a story built on theory alone," Newell emphasized, "It is built on geology, location, and disciplined exploration in one of Canada's most productive copper belts." He pointed out that with the initial drilling at Kolos completed and a fully funded follow-up program scheduled for 2026, along with several undrilled porphyry targets and a seasoned management team, Torr Metals holds significant discovery potential at a reasonable valuation. For investors comfortable with the risks associated with exploration and seeking exposure to copper and gold discoveries in established regions, Newell recommends Torr Metals as a Speculative Buy. <h2 style="text-align: center;">The Catalyst: Peace Talks Trigger Rally in Metals</h2> Rio Tinto was named the <a href="https://www.investors.com/research/ibd-stock-of-the-day/" target="_blank" rel="noopener">Investor's Business Daily (IBD) Stock of the Day</a> on Wednesday, following a significant increase in copper prices along with other industrial and precious metals, <a href="https://www.msn.com/en-us/money/markets/copper-silver-gold-price-jump-as-oil-dives-these-stocks-are-near-buy-points/ar-AA22vXmq?ocid=finance-verthp-feeds" target="_blank" rel="noopener">according to a report by Jed Graham for IBD that was published by MSN May 6</a>. The rally was triggered by a potential resolution of the standoff with Iran, a positive signal for global economic growth that could help alleviate inflation concerns. In response to these geopolitical shifts and a 7% drop in U.S. crude oil prices, the markets reacted by lowering the U.S. dollar and Treasury yields. This, in turn, has boosted the value of both economically sensitive metals like copper and precious metals such as gold and silver. Gold prices reached their highest level in over a week on Wednesday, spurred by the negotiation reports, <a href="https://www.cnbc.com/2026/05/06/gold-jumps-on-weaker-dollar-middle-east-peace-hopes.html" target="_blank" rel="noopener">according to a report by CNBC on May 6</a>. Peter Grant, vice president and senior metals strategist at Zaner Metals, noted, "The optimism about a final deal between the U.S. and Iran has caused at least some short-term relief in gold, with lower oil prices, moderated inflation concerns, and shifted biases with regards to Fed actions later in the year." However, he cautioned, "I wouldn’t say we're necessarily completely out of the woods. The market is going to continue to pivot on Middle East headlines." On Wednesday, mining stocks experienced a significant rally, particularly among gold and precious metals producers, who saw double-digit gains, <a href="https://www.msn.com/en-us/money/markets/gold-miners-rally-amid-earnings-beats-rising-bullion-prices/ar-AA22xl4g?ocid=finance-verthp-feeds" target="_blank" rel="noopener">according to a May 6 Seeking Alpa report published on MSN</a>. This surge was fueled by a combination of stronger-than-expected earnings and a notable increase in bullion prices. [OWNERSHIP_CHART-11133] The positive momentum in the mining sector is largely driven by the advantageous economic environment for gold producers, the article said. Given that their cost structures are relatively fixed in the short term, any rise in prices can quickly expand profit margins. This effect transforms modest revenue increases into significant profit growth, a dynamic that is particularly beneficial for miners. Wednesday's rally also reflects a growing investor confidence that mining companies are entering a more favorable phase of the economic cycle, the article noted. <h2 style="text-align: center;">Ownership and Share Structure2</h2> About 12% of the company is owned by insiders and close associates. The rest is retail and high-net-worth investors. Top shareholders include Torr Resources Corp. (owned by CEO Malcolm Dorsey) with 4.77%, John Williamson with 3.41%, Sean Richard William Mager with 0.78%, and CEO Malcolm Dorsey with 0.07%. Torr has a market cap of CA$8.38 million and 83.82 million shares outstanding. It trades in a 52-week range between CA$0.08 and CA$0.27 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>Torr 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 Torr Metals Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <ol> <li>Disclosure for the quote from the John Newell article published on February 5, 2026</li> </ol> <ol> <li>For the quoted article (published on February 5, 2026), Torr Metals 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. <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=31145"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31145" width="0" height="0"> ( Companies Mentioned: TMET:TSX.V, ) TMET:TSX.V Thu, 07 May 2026 00:00:00 PST 10,000 Meters of Drilling Planned Across Expanding Gold-Silver Zones https://www.streetwisereports.com/article/2026/05/07/10-000-meters-of-drilling-planned-across-expanding-gold-silver-zones.html Source: <a href="https://www.streetwisereports.com/article/2026/05/07/10-000-meters-of-drilling-planned-across-expanding-gold-silver-zones.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) outlined a 10,000-meter 2026 drill campaign at its JD Project in British Columbia as the company advanced toward an inaugural mineral resource estimate.<a href="https://www.streetwisereports.com/pub/co/11297?utm_medium=feed" target="_blank" rel="noopener">Sun Summit Minerals Corp. (SMN:TSX.V; SMREF:OTCQB)</a> reported <a href="https://www.stockwatch.com/News/Item/U-295931-U!SMREF-20260505/U/SMREF" target="_blank" rel="noopener">plans for its 2026 exploration drill program at the JD Project in the Toodoggone Mining District in north-central British Columbia</a>. According to the company, drilling is scheduled to begin in early June with more than 10,000 meters planned across the Creek and Finn zones. The company stated that the drill program is intended to evaluate the grade, continuity, and scale of near-surface gold-silver mineralization across both zones. Sun Summit said results from the 2026 drill program are expected to contribute to an inaugural mineral resource estimate planned for Q1 2027. At the Creek Zone, drilling will include step-out and infill drill holes designed to investigate the extent and continuity of near-surface gold mineralization. The company highlighted previous drill results including 81.0 meters of 4.80 g/t gold, including 34.0 meters of 9.07 g/t gold in drill hole CZ-25-021, 78.0 meters of 3.72 g/t gold, including 19.1 meters of 7.50 g/t gold in drill hole CZ-25-007, and 122.5 meters of 2.11 g/t gold, including 20.0 meters of 10.01 g/t gold in drill hole CZ-24-004. At the Finn Zone, the planned drilling program will include step-out, infill, and exploration drill holes targeting near-surface gold-silver mineralization. The company cited previous drill results, including 17.0 meters of 2.31 g/t gold with 113.1 g/t silver, including 6.0 meters of 5.30 g/t gold with 157.9 g/t silver in drill hole FZ-25-002, along with historical drill results from holes JD95-0762 and JD95-0972. "We are excited to kick off the most significant drill program at JD since the late 1990s, as we advance towards an inaugural mineral resource estimate, expected in Q1 of 2027," <a href="https://www.stockwatch.com/News/Item/U-295931-U!SMREF-20260505/U/SMREF" target="_blank" rel="noopener">Niel Marotta, CEO of Sun Summit Minerals, said in a company news release.</a> The company stated that up to 5,000 meters across 17 to 20 drill holes are planned at the Creek Zone, while up to 5,000 meters across 15 to 17 drill holes are planned at the Finn Zone. According to Sun Summit, drilling at Creek will evaluate vein-controlling structures over a strike length exceeding 600 meters and a vertical extent of more than 350 meters, while drilling at Finn will evaluate mineralization across an area of approximately 650 meters by 350 meters. Sun Summit also reported that more than 46,000 meters of drilling in 366 drill holes have been completed across the JD Project, including results from 2024 and 2025 drilling programs conducted by the company. The company stated that results from the 2026 drill program, together with ongoing metallurgical testing, will form the basis of the planned mineral resource estimate. <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:36aaef81-0454-4446-8f85-9fb42497b39f-6" data-testid="conversation-turn-8" 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="ab135377-e53b-4005-94d0-71810365f5e3" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="74">Silver Supply Pressures and Industrial Demand Shape Precious Metals Market</h2> </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> According to a May 2 report from Brian Hicks of Wealth Daily, silver market conditions reflected what he described as a tightening supply environment combined with rising industrial demand and monetary pressures. Hicks wrote that Bank of America had floated a "US$309 price target for silver" under what he described as an "extreme scenario," while adding that "under the current trajectory of supply constraints, industrial demand, and monetary instability, silver doesn't just have upside — it has explosive, asymmetric potential." Hicks stated that silver demand had increasingly been tied to industrial applications, writing that "solar panels, electric vehicles, semiconductors, and AI-driven data infrastructure all rely on silver in ways that are not easily substituted or scaled back." He also wrote that the market had been affected by "years of underinvestment, declining ore grades, and increasingly complex permitting environments that make it extraordinarily difficult to bring new supply online." In the same May 2 commentary, Hicks stated that "we are now several years into a structural supply deficit, where global demand continues to outpace production with no clear path to closing the gap." He added that "physical inventories are tightening" and that "in certain moments, spot prices have traded at premiums to futures," which he described as "early indicators of a system under pressure." Couloir Capital wrote on May 2 that precious metals prices declined during the week as "higher oil prices reinforced inflation pressures, prompting expectations that central banks will keep interest rates elevated for longer." The firm stated that this "higher-for-longer" rate outlook had increased "the opportunity cost of holding non-yielding assets like gold, outweighing its traditional inflation-hedge appeal and driving recent price weakness." According to the May 2 Couloir Capital report, gold prices declined 2.0% during the week as oil prices spiked from the Iran conflict and inflation concerns prompted "hawkish signals from central banks, including the Federal Reserve, European Central Bank, and Bank of England." The report stated that silver declined 0.4% during the same period, though the decline was "partly offset by strong industrial demand." Couloir Capital added that "robust Chinese consumption and tightening supply supported buying, cushioning the downside relative to gold." <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html" target="_blank" rel="noopener">Reuters reported on May 3 that gold prices fell 2% as "heightened U.S.-Iran tensions boosted the dollar and reinforced inflation concerns that kept expectations of higher interest rates alive."</a> Reuters stated that spot gold fell 2.6% to US$4,524.40 per ounce, while U.S. gold futures for June delivery settled 2.4% lower at US$4,533.30. Bart Melek, global head of commodity strategy at TD Securities, told Reuters that "the latest news clearly didn't give the market confidence that everything is going to be okay and again raised the specter of inflation issues, along with fairly hawkish signals to the market on interest rates." Reuters also noted that "soaring energy prices have intensified inflation fears, strengthening bets that central banks will keep interest rates higher for longer." Reuters further reported that silver fell 3.5% to US$72.67, while platinum and palladium also moved lower during the session. The publication stated that even though gold served as "a hedge against inflation and geopolitical uncertainty," the metal lost appeal in a "high-rate environment as it offers no yield." At the time of this writing, the price of silver is US$78.06. <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="e478d829-7906-4aea-ad8a-3e67b82df91b" data-testid="conversation-turn-9" 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:36aaef81-0454-4446-8f85-9fb42497b39f-7" data-testid="conversation-turn-10" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="bdddd2c1-1796-4760-8ccd-9aa3f240ed10" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="76">Couloir Capital Discussed Finn Zone Drill Results and 2026 Exploration Plans</h2> According to a January 26 report from Couloir Capital, the firm highlighted 2025 drill results from the Finn Zone at the JD Project, referencing assay results from the exploration program. The report stated that "the assays confirm the Finn zone's high-grade potential and support plans for a fully funded ~10,000m 2026 drill program," while referencing both the prior drilling results and the scale of the planned exploration activities. </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </section> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div> <h2 style="text-align: center;" data-start="2974" data-end="3021">2026 Exploration and Resource Development Plans</h2> <a href="https://sunsummitminerals.com/investors/presentations-downloads/" target="_blank" rel="noopener">According to the company's investor presentation</a>, the JD Project exploration program for 2026 includes more than 10,000 meters of diamond drilling focused on gold-silver targets, with step-out and infill drilling prioritized along the Creek to Finn Corridor. The presentation stated that the goal of the program is to maximize ounces for a mineral resource estimate, with priority areas including the Creek Zone, Finn Zone, Moosehorn, Wolf, JD West, Cirque, and McClair targets. The investor presentation stated that historical data compilation has identified multiple high-priority targets across the project and noted that the JD Project includes more than 36,000 meters of historic drilling, along with an additional 9,400 meters completed by the company. The presentation also stated that an initial mineral resource estimate for the JD Project is expected by Q1 2027. [OWNERSHIP_CHART-11297] Sun Summit stated that additional exploration activities are being considered across the Finn to Creek corridor, including exploration drilling, geological mapping, soil geochemistry, induced polarization geophysical surveying, and airborne geophysics. The company said details of these complementary programs will be disclosed once budgets are finalized. The company also reported that metallurgical testing is underway as part of the JD Project development work. According to Sun Summit, the metallurgical program includes head characterization, mineralogy, comminution, and gold and silver recovery testing to support preliminary flowsheet development. The investor presentation outlined exploration expenditures of approximately US$2.5 million in 2024 and US$7.5 million in 2025, with a planned US$10.0 million exploration expenditure for 2026. The presentation also stated that total exploration expenditure requirements for the JD Project are estimated at approximately US$22.5 million through December 2029, according to the company's investor presentation. <h2 style="text-align: center;">Ownership and Share Structure1</h2> 6.9% of Sun Summit Minerals Corp is owned by management and insiders. The rest is in retail. Sun Summit has a market cap of CA$52million with 317.5 million free float shares and a 52-week range of CA$0.065 to CA$0.26. <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>Sun Summit is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sun Summit.</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=31136"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31136" width="0" height="0"> ( Companies Mentioned: SMN:TSX.V; SMREF:OTCQB, ) SMN:TSX.V; SMREF:OTCQB Thu, 07 May 2026 00:00:00 PST Euro Base Metals Company With New Chart Set-Ups Issues Key Finland & Portugal Projects Update https://www.streetwisereports.com/article/2026/05/05/euro-base-metals-company-with-new-chart-set-ups-issues-key-finland-portugal-projects-update.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/euro-base-metals-company-with-new-chart-set-ups-issues-key-finland-portugal-projects-update.html?utm_medium=feed">Stewart Thomson 05/07/2026</a> Technical Analyst Stewart Thomson reviews Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) in light of its recent 2026-2027 catalyst update.Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) is a European-focused junior exploration and development company operating under a hybrid project generator model. The company maintains a portfolio of projects across Portugal, Finland, and Kosovo, with exploration primarily targeting volcanogenic massive sulphide (VMS) systems associated with copper and zinc mineralization, often with gold and silver by-products. <h2 style="text-align: center;">Potential Developments (2026–2027)</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20265772141_Picture1.jpg" alt="" width="380" height="267" /> Over the next 12 to 24 months, the following developments were mentioned in the company's February 2026 press release: <ul> <li>Potential joint venture agreements for Finnish exploration projects</li> <li>Updates on the Sesmarias Portugal Cu/Zn license application and partnership discussions</li> <li>Possible initiation of drilling programs on identified targets</li> <li>Further developments related to the Slivova Au/Ag (Kosovo) project</li> </ul> <h2 style="text-align: center;">Plans for 2026 – Finland</h2> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265674449_2.png" alt="" width="624" height="350" /> The company announced that AFOy now holds eight permits covering seven VMS target areas within 40 km of the Pyhäsalmi mine complex and one permit covering a gold prospect in the Oijarvi greenstone belt, located 40 to 50 km south of Goldsky Resources (GSKR:TSXV;GSKRF:OTCMKTS) (formerly First Nordic Metals)' Kylmäkangas gold deposit. The premise for exploration in the Pyhäsalmi district is to discover copper-zinc ore within trucking distance of the Pyhäsalmi mine complex to feed the on-site mill and flotation facilities. The plant is currently operational. Avrupa is seeking a partner for this brownfield exploration program, which highlights numerous permits covering already-known VMS mineralization close to an operating concentrator, thus significantly reducing infrastructure risks. Management expects to initiate work first on the Lippikylä and greater Lehto permits once a partner has been identified and signed up to advance the portfolio of projects. <h2 style="text-align: center;">New Developments Summary</h2> <ul> <li>Acquisition of the Lippikylä exploration permit</li> <li>Continued evaluation of the Lehto permit</li> <li>Identification of drill targets based on historical datasets</li> </ul> Additional targets remain within the most-recently acquired KKS reservation area, where earlier exploration identified indications of mineralization. These areas require further work, including modern geophysical surveys and drilling, to confirm potential. Advancement of these projects is expected to depend on external funding or joint venture participation. <h2 style="text-align: center;">Fresh Funding</h2> In December 2025, the company completed a key private placement raising approximately CA$570,000 through the issuance of units with warrants attached. Use of Proceeds <ul> <li>Exploration programs in Finland</li> <li>Ongoing project-related work in Portugal</li> <li>General working capital</li> </ul> The size of the financing reflects a relatively modest capital raise, consistent with its incremental funding theme. <h2 style="text-align: center;">Portugal: Sesmarias Project 2026 Update</h2> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265674541_3.png" alt="" width="555" height="400" /> The Sesmarias Cu/ZN mineral occurrence, part of the Alvalade project, represents the company's most advanced asset. In June 2025, as required by Portuguese mining laws, Avrupa Minerals submitted a mining license application for the project. This step initiates a regulatory review process, the outcome and timeline of which remain uncertain. The company has indicated it is seeking a mining partner to assist with further advancement. Key factors influencing progress include: <ul> <li>Regulatory approval of the mining license</li> <li>Results of additional technical, environmental, and economic studies</li> <li>Terms and availability of potential partnership agreements</li> </ul> <h2 style="text-align: center;">Kosovo: Slivova Project Status</h2> The Slivova gold project in Kosovo remains part of the company's broader portfolio through an option arrangement. Updates regarding this asset have been limited, and its future role within the portfolio remains subject to third-party decisions and market conditions. <h2 style="text-align: center;">The Avrupa Business Model</h2> Current activity is centered around three principal areas: <ol> <li>The Sesmarias copper/zinc prospect in Portugal, where a mining license application has been submitted</li> <li>Early-stage VMS exploration projects in Finland in historical mining districts</li> <li>The Slivova gold project in Kosovo, which remains under option</li> </ol> Avrupa Minerals employs a hybrid strategy combining self-funded assets with partner-funded exploration programs. Under this structure, third-party partners may fund exploration in exchange for earn-in rights, while the company retains partial project exposure. At the same time, Avrupa continues to hold rights to the Alvalade project in Portugal, including the Sesmarias copper/zinc mineral occurrence. This dual structure introduces differing capital requirements and risk exposures across the portfolio. The model results in a mix of: <ul> <li>Partner-funded exploration projects with reduced direct capital commitments</li> <li>Wholly-owned assets requiring greater funding and operational involvement</li> </ul> <h2 style="text-align: center;">Technical Charts: Analyst Opinion</h2> Figure 1: Price & Volume Trend Analysis <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20265674626_4.png" alt="" width="624" height="372" /> Weekly chart volume has intensified significantly in a bull wedge base pattern and has continued above average since the upside breakout. <h2 style="text-align: center;">Capital Structure and Financing Activity</h2> <ul> <li>Shares Outstanding: 76.07 million</li> </ul> <h2 style="text-align: center;">Significant Shareholders</h2> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265674652_5.png" alt="" width="426" height="400" /> <h2 style="text-align: center;">Key Risks and Uncertainties</h2> Several factors may influence future outcomes: <ul> <li>Exploration Risk: Early-stage targets may not result in economically viable deposits</li> <li>Financing Risk: Continued activity depends on access to capital</li> <li>Partner Dependence: Progress on certain assets requires third-party participation</li> <li>Regulatory Risk: Permitting outcomes and timelines remain uncertain</li> <li>Development Risk: Advancing projects toward production involves technical and economic challenges</li> </ul> These risks are typical of junior exploration companies and may affect project timelines and results. <h2 style="text-align: center;">More Technical Observations</h2> Figure 2: Relative Strength Index (RSI) – Oscillation Summary <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20265674722_6.png" alt="" width="624" height="372" /> Since mid-2025, RSI has traded between 50-70, indicating potential but not guaranteed strength for the stock. Figure 3: On Balance Volume (OBV) – Trend Confirmation <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20265674738_7.png" alt="" width="624" height="372" /> In mid-2022, the OBV indicator rose while the price stagnated, indicating potential accumulation over many small trades. The price breakout has been accompanied by a new high for OBV. Figure 4: Chaikin Money Flow (CMF) – Trend Confirmation <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20265674803_8.png" alt="" width="624" height="372" /> Chaikin Money Flow (CMF) is confirming the OBV uptrend. <h2 style="text-align: center;">Technical Analysis Summary</h2> Recent trading data indicates changes in volume and momentum indicators, which may be of interest to technically oriented investors. <ul> <li>Volume levels have increased relative to prior periods</li> <li>Momentum indicators such as RSI have remained within mid-to-upper ranges</li> <li>Accumulation-based indicators (e.g., OBV, CMF) show upward trends</li> </ul> Stock Price at Time of Writing (May 6, 2026): CA$0.07 Short-Term Target: CA$0.24 Medium-Term Target: CA$0.48 Long-Term Target: CA$0.70 Technical Rating: Speculative Buy <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li> <div class="x_elementToProof">For this article, Avrupa Minerals Ltd. has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.</div> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Avrupa Minerals Ltd. </li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31132"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31132" width="0" height="0"> ( Companies Mentioned: AVU:TSX.V; AVPMF:OTC; 8AM:FSE, ) Thu, 07 May 2026 00:00:00 PST Gold Explorer Deploys High-Resolution Liberia Drone Survey https://www.streetwisereports.com/article/2026/05/07/gold-explorer-deploys-high-resolution-liberia-drone-survey.html Source: <a href="https://www.streetwisereports.com/article/2026/05/07/gold-explorer-deploys-high-resolution-liberia-drone-survey.html?utm_medium=feed">Streetwise Reports 05/07/2026</a> Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB) initiates a 47.8 km2 drone magnetic and LiDAR survey to expand a proven gold discovery across a 16 km trend.<a href="https://www.streetwisereports.com/pub/co/10927?utm_medium=feed" target="_blank" rel="noopener">Zodiac Gold Inc. (ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB)</a> announced <a href="https://www.stockwatch.com/News/Item/Z-C!ZAU-3815918/C/ZAU" target="_blank" rel="noopener">the commencement of a drone survey</a> of its Arthington-Youth Camp trend on May 4, 2026. The company will complete a high-resolution drone magnetic and LiDAR survey as a key step in advancing its 2026 exploration of the Todi Gold Project. The company said, "The 47.8km² survey will be flown on northeast-southwest flight lines at 50m spacing by Axis Drone Surveys, with comprehensive data processing and interpretation to be completed by renowned geophysical consultants, Southern Geoscience Consultants." Arthington has already demonstrated consistency, with gold intersected in 37 of 39 drill holes. By integrating the airborne magnetic and LiDAR surveys, Zodiac Gold can map the controls on mineralization, including ". . . key shears, faults and lithological contacts, while generating a detailed digital terrain model to support both targeting and mineral resource estimation." David Kol, President and CEO of Zodiac Gold, said in the release: "We've already made a discovery at Arthington, now we're scaling it. This program is about turning that discovery into a repeatable model across 16 kilometers. That's how you move from a single discovery to a district-scale gold system, and that's where real value is created. This survey will give us the data to target smarter, drill more efficiently, and accelerate resource growth." Zodiac Gold Inc. is a West-African gold exploration company focused on the Todi Gold Project in Liberia. The company asserts that Liberia is a politically stable, mining-friendly country with an expedited permitting process and strong political and social support for mining companies. <h2 style="text-align: center;">Gold Keeping Even</h2> On May 4, 2026, Ben Pirie and Nicholas Cortellucci, CFA, for Atrium Research, weighed in on the current metals market, arguing that the market is slightly down due to the ongoing conflict between the U.S. and Iran. They wrote, " The war-driven surge in energy and higher inflation levels have reset rate-cut expectations, which is technically a headwind for gold, yet the metal held its ground. With that said, we remain in a fundamentally new price environment for precious metals versus this time last year, a reality that came into clear focus with Q1 earnings reported this month." They went on: "Gold was down 1.2%, silver was down 1.9%, and copper extended gains, rising 6.7%. Gold and silver mining equities fell alongside the underlying metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while the COPX was up 4.2%. The TSX gained 3.7% on the month, while the S&P 500 was up 10.7%, as miners underperformed the broader indexes." There is some evidence that the U.S. dollar is holding strong, even among slight dips. On May 3, 2026, <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html">CNBC reported that Han Tan, Chief Market Analyst at Bybit, said</a>, "The dollar edged higher against peers, ⁠making dollar-priced bullion more expensive for other currency-holders. Gold is likely to remain sensitive to the &zwnj;ever-fluid geopolitical landscape, which in turn frames the global inflation outlook." The article goes on to assert that gold is still expected to be higher by the end of 2026 than it was at the end of 2025, which was already at an all-time high. [OWNERSHIP_CHART-10927] In a price comparison, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-may-4-gold-and-silver-down-this-morning-after-project-freedom-announcement-110939701.html" target="_blank" rel="noopener">Yahoo Finance listed the recent prices of gold</a> as follows: -1.4% one week ago, -2.5% one month ago, and +43.4% from one year ago, showing a strong upward trend. <h2 style="text-align: center;">Projects Moving Forward in 2026</h2> According to the company's investor presentation, Zodiac Gold expects to publish a technical report, including a Mineral Resource Estimate for the Arthington discovery and new data from the Ben Ben to Youth Camp trends, by Q4 2026. In H2 2026, the company will also follow up on the current soil geochemical program (10,500 samples) in its Bomi South and Bong West licenses, with potential for mapping, trenching, and drilling as warranted. <h2 style="text-align: center;">Ownership & Share Information1</h2> Zodiac Gold Inc. has a market cap of CA$58.58 million, with 160.50 million shares outstanding. The company's 52-week range is CA$0.05-CA$0.44. Management & Insiders own 32.53% of shares, and the remaining 67.47% 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>Zodiac 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 Zodiac Gold Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. 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=31122"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31122" width="0" height="0"> ( Companies Mentioned: ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB, ) ZAU:TSX.V; ZAU:XFRA; ZAUIF:OTCQB Thu, 07 May 2026 00:00:00 PST Oncology Co. Tests Advanced Cancer Treatments, Reports Q1 2026 Financial Results https://www.streetwisereports.com/article/2026/05/06/oncology-co-tests-advanced-cancer-treatments-reports-q1-2026-financial-results.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/oncology-co-tests-advanced-cancer-treatments-reports-q1-2026-financial-results.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> Novocure Ltd. (NVCR:NASDAQ) posted 12% revenue growth, strong international patient gains, FDA momentum, and promising pancreatic cancer trial results in 2026. Novocure Ltd. (NVCR:NASDAQ)<a href="https://www.stockwatch.com/News/Item/U-b20260430636058-U!NVCR-20260430/U/NVCR" target="_blank" rel="noopener"> released its financial and operational results in Q1 2026</a> on April 30, 2026. Based in Switzerland, NovoCure is a global oncology company focused on extending survival and improving quality of life in someone the most aggressive cancers. Its proprietary therapy uses Tumor Treating Fields (TTFields), which are approved mainly for glioblastoma, pancreatic cancer, non-small cell lung cancer, malignant pleural mesothelioma, and pleural mesothelioma. According to the press release,<a href="https://www.stockwatch.com/News/Item/U-b20260430636058-U!NVCR-20260430/U/NVCR" target="_blank" rel="noopener"> financial highlights for Q1 2026</a> are as follows: <ul> <li>Total net revenues for the quarter were US$174.1 million, an increase of 12% compared to the same period in 2025. This increase was primarily driven by active patient growth in European markets.</li> <ul> <li>The U.S., Germany, France, and Japan contributed US$96.0 million, US$24.5 million, US$22.9 million, and US$10.2 million, respectively, with other active markets contributing US$15.7 million.</li> <ul> <li>Net revenue from Germany benefited from increased approval rates, including a one-time benefit of US$2.5 million.</li> <li>Net revenue from France benefited from contract performance improvements, including a one-time benefit of US$1 million.</li> </ul> <li>Revenue in Greater China from Novocure's partnership with Zai Lab totaled US$4.8 million.</li> <li>Recognized revenue from Optune Lua® in the quarter was US$3.1 million.</li> </ul> <li>Gross margin for the quarter was 78% compared to 75% in the prior year. The increase was primarily driven by lower array costs resulting from improved array utilization and lower supplier prices.</li> <li>Research, development, and clinical study expenses for the quarter were US$58.3 million, an increase of 8% from the same period in 2025. This was primarily driven by increased costs associated with patient recruitment in the Phase 3 KEYNOTE D58 clinical trial.</li> <li>Sales and marketing expenses for the quarter were US$58.4 million, an increase of 5% compared to the same period in 2025. This was primarily driven by costs associated with the launch of Optune Pax® in the U.S. and Optune Lua® in Japan.</li> <li>General and administrative expenses for the quarter were US$85.9 million, an increase of 92% compared to the same period in 2025. This increase was primarily driven by a US$43 million share-based compensation expense triggered by the U.S. FDA approval of Optune Pax®. This non-cash expense is reported in accordance with U.S. GAAP, but the associated grant did not vest, and shares were not distributed.</li> <li>Net loss for the quarter was US$71.1 million with a loss per share of US$0.62.</li> <li>Adjusted EBITDA for the quarter was US$(0.3) million.</li> <li>Cash, cash equivalents, and short-term investments were US$432.0 million as of March 31, 2026.</li> </ul> <a href="https://www.stockwatch.com/News/Item/U-b20260430636058-U!NVCR-20260430/U/NVCR" target="_blank" rel="noopener">Operational highlights</a> were as follows: <ul> <li>As of March 31, 2026, there were 4,791 total active patients on TTFields therapy globally.</li> <li>Optune Gio®</li> <ul> <li>As of March 31, 2026, there were 4,543 active patients on Optune Gio, an increase of 9% from the same period in 2025.</li> <li>The U.S., Germany, France, and Japan contributed 2,250, 641, 503, and 535 Optune Gio® active patients, respectively, with 614 active patients contributed by other active markets.</li> </ul> <li>Optune Lua®</li> <ul> <li>As of March 31, 2026, there were 165 active patients on Optune Lua®, an increase of 56% from the same period in 2025.</li> <li>The U.S., Germany, France, and Japan contributed 106, 47, 2, and 6 active patients, respectively, with 4 active patients contributed by other active markets.</li> </ul> <li>Optune Pax®</li> <ul> <li>169 prescriptions for Optune Pax® were received in the quarter.</li> <li>As of March 31, 2026, there were 83 active patients on Optune Pax® in the U.S.</li> </ul> </ul> The company also provided Q1 2026 achievements, such as Czechia agreeing to cover Optune Gio®, the FDA approving Optune Pax® for treatment of adult patients who meet certain criteria, and British Columbia Cancer choosing to cover Optune Gio® for newly-diagnosed patients. Japan also adopted Optune Lua® in 2026, approving reimbursement for the drug via the country's national health insurance program. Finally, Novocure announced results from its latest Phase 2 clinical trial for PANOVA-4, evaluating ". . . TTFields therapy concomitant with atezolizumab (Tecentriq®), gemcitabine and nab-paclitaxel as a first-line treatment for metastatic pancreatic cancer. PANOVA-4 met its primary endpoint, achieving a 74% disease control rate (DCR), a statistically significant improvement compared to a 48% DCR in patients treated with gemcitabine and nab-paclitaxel alone in the historical control." In the release, Frank Leonard, CEO of NovoCure, said, "This was a very strong start to the year for NovoCure, and we are pleased with the progress made across our commercial and clinical programs. We reached several key milestones in the first quarter and are eager to maintain this momentum as we approach numerous exciting catalysts later this year. Our focus remains on bringing Tumor Treating Fields therapy to patients diagnosed with some of the most aggressive forms of cancer, further exploring the use of our therapy to benefit patients in need, and achieving sustainable growth and profitability." <h2 style="text-align: center;">R&D Spending Down Despite Demand</h2> The global cancer treatment sector, unfortunately, shows no signs of shrinking. <a href="https://finance.yahoo.com/sectors/healthcare/articles/cancer-stocks-buy-innovation-reshapes-131800747.html" target="_blank" rel="noopener">A March 26, 2026, article by Kinjel Shah for Yahoo Finance claimed that cancer incidences were rising</a>. He quoted the American Cancer Society as expecting 2.1 million new cancer cases and over 626,000 cancer-related deaths in 2026. However, technology is ever-evolving to keep up with the disease. Shah wrote, "Emerging technologies such as genomic sequencing, artificial intelligence, and machine learning are accelerating biomarker discovery, enhancing patient stratification, and enabling earlier and more accurate diagnoses. While a universal cure remains out of reach, consistent improvements in survival rates and patient outcomes across multiple cancer types highlight the tangible benefits of these advances, particularly when combined with earlier detection and intervention." This innovation comes at a price. In February 2026, <a href="https://www.fool.com/investing/stock-market/market-sectors/healthcare/cancer-stocks/" target="_blank" rel="noopener">Keith Speights wrote an article for The Motley Fool discussing rising care cost</a>s, stating that cancer treatments in the U.S. cost roughly US$200 billion in 2020 but are expected to increase to more than US$245 billion by 2030. Many in the pharma sector have been cutting research and development (R&D) costs since the pandemic, citing lower returns. "R&D work on complex, expensive therapies could taper off as companies prioritize already or nearly commercialized drugs, and companies may further consolidate roles to maintain leaner operations," <a href="https://www.bdo.com/insights/industries/life-sciences/2026-life-sciences-predictions" target="_blank" rel="noopener">argued BDO at the beginning of 2026</a>. But some companies, like NovoCure, are still investing heavily in drug development. <h2 style="text-align: center;">Expert Patient with Stock</h2> On April 30, 2026, Kevin DeGeeter of Landenburg Thalmann gave the company a 'Buy' rating, with a US$27.00 price target. DeGetter said, ". . . if NVCR can follow up from the Elevance Health coverage decision with additional positive coverage determinations from commercial payors in the next six months, in our view, top end of guidance for revenue of US$25 million from new products may be conservative. We are raising our 2026 revenue estimate from US$697.6 million to US$701.0 million. Our estimate of revenue from new products is US$22.0 million." Also on April 30, 2026, Emily Bodnar of H.C. Wainwright & Co. gave the company a 'Buy' rating, with a price target of US$48.00, noting the company's wide breadth of prescribers as an important catalyst. In a third April 30, 2026, report, David Nierengarten, Ph.D., of Wedbush gave the company a 'Neutral' rating, with a price target of US$18.00. Niernegarten wrote that the company's target disease could represent a limited opportunity, saying, "We continue to view brain metastases as a narrow commercial opportunity given limited treatment duration and poor prognosis in this population." In response to NovoCure's financial results, Chen Lin of What is Chen Buying? What is Chen Selling? weighed in on May 4, 2026: "I was asked about my NVCR target. I hope it can reach sales of US$1 billion+ in a couple of years (currently US700 million). Over US$1 billion in sales with no patent threats should be worth at least US$5-10 billion, which is about 40-80, maybe 100 if I am lucky. But it will take some time, you know. However, I like the fact that they are fully funded to profitability." [OWNERSHIP_CHART-10142] <h2 style="text-align: center;">Two More Trials Planned</h2> As of April 30, 2026, <a href="https://www.stockwatch.com/News/Item/U-b20260430636058-U!NVCR-20260430/U/NVCR" target="_blank" rel="noopener">NovoCure has updated its 2026 financial guidance</a> as follows: <ul> <li>Total net revenue: US$690 million-US$710 million (previous: US$675 million-US$705 million)</li> <li>Adjusted EBITDA: US$(15) million - US$0 million (previous: US$(20) million - US$0 million)</li> </ul> In Q2 2026, the company expects topline data from the Phase 3 TRIDENT trial for newly diagnosed glioblastoma patients. In Q4 2026, NovoCure anticipates a decision from the FDA on its premarket approval application for the use of TTFields therapy as a treatment for brain metastases. Finally, to round out the year, the company hopes to complete enrollment for its Phase 3 KEYNOTE D58 trial for newly diagnosed glioblastoma patients. <h2 style="text-align: center;">Ownership & Share Information1</h2> NovoCure Ltd. has a market cap of US$1.84 billion, with 115.82 million shares outstanding. The company's 52-week range is US$9.82-US$20.06. Institutions own 80.91% of shares, while Management & Insiders own 9.97%. The remaining 9.13% 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> <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=31146"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31146" width="0" height="0"> ( Companies Mentioned: NVCR:NASDAQ, ) Wed, 06 May 2026 00:00:00 PST Energy Sector Delivers Big Gains on Long-Term Buy Signal https://www.streetwisereports.com/article/2026/05/06/energy-sector-delivers-big-gains-on-long-term-buy-signal.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/energy-sector-delivers-big-gains-on-long-term-buy-signal.html?utm_medium=feed">Jack Chan 05/06/2026</a> Jack Chan of Simply Profits shares his view on the energy sector, taking a specific look at oil.<img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691503_1.png" alt="" width="520" height="429" /> The energy sector has been on a long-term buy signal since late 2025. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691552_2.png" alt="" width="520" height="429" /> USO – we are long from 70.22, holding with no stops. Current pivot support at 110. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691611_3.png" alt="" width="520" height="429" /> XLE – we are long from 45.89 & 58.78, holding with no stops. Current pivot support at 53.50. Here are some top oil companies that some of our members are holding: <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691635_4.png" alt="" width="520" height="429" /> Exxon Mobil Corp. (XOM:NYSE) - current pivot support at 142. Exxon Mobil Corp exhibits a positive correlation with oil prices, meaning the stock generally moves in the same direction as crude oil. As an integrated energy company, Exxon's profitability is heavily influenced by the market price of the commodities it produces and sells. Data analysis shows a consistent link between the daily returns of Exxon Mobil and crude oil prices. Based on long-term historical data encompassing nearly 3,500 data points, the correlation coefficient between WTI crude oil and XOM stock is approximately 0.44. XOM's massive US$20 billion annual share buyback program tends to support the stock price even during temporary dips in oil. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691659_5.png" alt="" width="520" height="429" /> Chevron Corp. (CVX:NYSE) – current pivot support at 176. Chevron stock is highly correlated with oil prices, often acting as a leveraged bet on crude, with roughly 57% of its stock price movement historically explained by changes in oil and natural gas prices. As an integrated oil major, Chevron typically benefits from rising petroleum prices, which enhance its cash flow and stock performance. Surging oil prices act as a strong catalyst for CVX, leading to increased free cash flow and boosted shareholder returns via stock buybacks. While Chevron is a "lower-for-longer" beneficiary due to its low-cost asset base, the stock still faces downward pressure if oil prices drop below US$60. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691729_6.png" alt="" width="520" height="429" /> ConocoPhillips (COP:NYSE) – current pivot support at 111. ConocoPhillips stock shows a strong positive correlation with oil prices, with near-term earnings buoyed by high oil prices. The company is viewed as a "defensive play" in the oil sector, holding the largest potential for net present value gains when prices rise. Analysts maintain a strong buy consensus on COP stock, with expectations of continued upside due to disciplined capital investment and its large, low-cost inventory base. While elevated oil prices support strong dividends, a "hold" rating is applied by some analysts, suggesting the stock's rapid rally has limited its potential for long-term outperformance. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691755_7.png" alt="" width="520" height="429" /> Occidental Petroleum Corp. (OXY:NYSE) – current pivot support at 51. Occidental Petroleum stock is trading as a high-beta play on oil prices, meaning it is highly leveraged to fluctuations in crude oil, particularly WTI (West Texas Intermediate). The company's valuation is heavily linked to its dominant position in the Permian Basin and its debt-reduction strategy, which relies on strong cash flow from high oil prices. OXY is a high-conviction bet on sustained high oil prices, with significant growth potential during upswings, but notable downside risk if global oil markets experience a sharp downturn. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265691829_8.png" alt="" width="520" height="429" /> EOG Resources Inc. (EOG:NYSE) – current pivot support at 124. EOG Resources acts as a high-beta, pure-play exploration and production company, meaning its stock price and free cash flow are highly sensitive to crude oil price volatility. As a low-cost producer, EOG often outperforms during rising oil prices, with production expected to increase in 2026 amid strong demand and geopolitical tailwinds, despite high capital investment plans. As a U.S. shale operator, EOG has higher flexibility compared to conventional producers to quickly adjust production levels, making its cash flow and stock performance closely tied to real-time changes in global oil benchmarks. <h2 style="text-align: center;">Summary</h2> We are currently 60% invested in the sector, holding with no stops. We prefer ETFs for diversification, simple execution, and management. Folks who prefer some of these top oil companies can simply follow our trading model for the sector, either holding for the long term or trading in the short term. End of report <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 Agnico Eagle Mines Ltd., Pan American Silver Corp., Wheaton Precious Metals, and Barrick Mining Corp. </li> <li>Jack Chan: 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> Jack Chan Disclosures We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion. Jack Chan is the editor of Simply Profits at www.simplyprofits.org, established in 2006. Jack bought his first mining stock, Hoko Exploration in 1979, and has been active in the markets for the past 46 years. Technical analysis has helped him filter out the noise and focus on the when, and leaving the why to the fundamental analysts. His proprietary trading models have enabled him to identify the Nasdaq top in 2000, the new gold bull market in 2001, the stock market top in 2007, the US dollar bottom in 2011, and most recently, the new bull market in the oil/energy sector. In his spare time, Jack is an avid golfer and tennis player, and volunteers his time coaching and lecturing at local clubs and universities. Jack trades and invests in sector ETFs only, and has no affiliation or ownership in any of the individual stocks within this roster.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31142"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31142" width="0" height="0"> ( Companies Mentioned: CVX:NYSE, COP:NYSE, EOG:NYSE, XOM:NYSE, OXY:NYSE, ) Wed, 06 May 2026 00:00:00 PST Drone Maker Targets Big Domestic Gains With US$75M Supply Chain Purchases https://www.streetwisereports.com/article/2026/05/06/drone-maker-targets-big-domestic-gains-with-us-75m-supply-chain-purchases.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/drone-maker-targets-big-domestic-gains-with-us-75m-supply-chain-purchases.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> Unusual Machines Inc. (UMAC:NYSEAMERICAN) is securing materials and inventory for its drone component product lines. Read why one analyst thinks the company is at the forefront of meeting rising domestic demand for the parts.Leading NDAA-compliant drone component maker <a href="https://www.streetwisereports.com/pub/co/10500?utm_medium=feed" target="_blank" rel="noopener">Unusual Machines Inc. (UMAC:NYSEAMERICAN)</a> announced it has initiated strategic purchase orders amounting to approximately US$75 million to secure essential materials and inventory for its drone component product lines, <a href="https://www.unusualmachines.com/press-release/?i=165357" target="_blank" rel="noopener">according to a May 5 release</a>. This strategic positioning ensures that the company's supply chain remains compliant, scalable, and ready to meet the surging demand expected over the next 12 months. Recently, Unusual Machines raised about US$150 million, funds earmarked for bolstering inventory investment and enhancing supply chain readiness. This financial infusion will also cover the acquisition of long-lead materials that are crucial for future production and adhering to customer delivery schedules, the company noted. "We are focused on being material complete and ready to deliver so we can meet demand as it continues to scale," Chief Executive Officer Allan Evans said. "The constraint in this market is not demand. It is supply chain, production timing, and scalability. Making these purchases now allows us to deliver when our customers need it. This reflects a deliberate approach to staying ahead of demand, with the capital we recently raised allowing us to move early and deliver at the pace our customers require." The company's investment strategy is closely aligned with the increasing clarity around structured procurement programs and defined demand signals across the industry, the company said. Notably, large-scale U.S. drone procurement initiatives, such as the Department of War's Drone Dominance efforts, have provided Unusual Machines with a clearer view of the addressable market and facilitated more strategic supply chain planning. Additionally, UMAC said evolving U.S. regulatory frameworks and procurement requirements are hastening the demand for compliant, U.S.-based production, underscoring the importance of delivering at scale with a well-prepared and reliable supply chain. <h2 style="text-align: center;">Doubling Production Capacity</h2> <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" target="_blank" rel="noopener">In April, the company announced</a> significant upgrades to its motor manufacturing operations based in Orlando. According to a release dated April 10, these enhancements are set to more than double the facility's daily production capacity. Previously producing approximately 15,000 motors monthly, the company has now implemented second and third shifts to significantly expand its production capabilities. With these changes, daily production is expected to increase from about 700 to 1,500 parts. President and Chief Operating Officer Andrew Camden expressed pride in the rapid expansion and refinement of the operations, which have been running 24 hours a day, five days a week since their inception five months ago. "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," Camden said. Looking forward, Unusual Machines has ambitious plans to further enhance its production capacity. The company intends to double its motor factory workforce to accommodate the increased production demands. There also are plans to install a high-volume automated motor production line in the latter half of 2026, which is expected to further augment the manufacturing output of the facility. <h2 style="text-align: center;">Analyst: Co. Positioned to Answer Challenges Facing Industry</h2> In an updated research note on May 4, Litchfield Hills Analyst Barry Sine responded to a recent <a href="https://www.wsj.com/politics/national-security/the-u-s-wants-to-break-chinas-drone-dominance-heres-where-it-will-struggle-39e69e18" target="_blank" rel="noopener">Wall Street Journal article</a> that discussed the U.S. challenges in replacing Chinese drone components. Titled "The U.S. Wants to Break China’s Drone Dominance. Here’s Where It Will Struggle," the article detailed the difficulties U.S. companies face in manufacturing drone components at scale. However, Sine highlighted that Unusual Machines is actively addressing and overcoming these challenges. Unusual Machines has been effectively scaling up its domestic production of drone components, significantly reducing dependency on Chinese supplies, Sine said. The company has already increased its motor production capacity from 20,000 to an anticipated 120,000 units per month, driven by strong enterprise and government demand. This scaling is part of an integrated subsystem strategy that includes NDAA-compliant motors, flight controllers, ESCs, and video systems, all of which are already being sold into enterprise and government channels. Financially, Unusual Machines is on a positive trajectory, with enterprise revenue expected to grow from US$27 million in 2026 to US$46 million in 2027 as the company enhances its capacity and automation. This expansion is anticipated to drive significant margin growth, with gross margins projected to expand from 35% in 2025 to 48% in 2027 due to increased efficiencies in motor production, the analyst noted. "The Journal is correct that standing up a high-volume U.S. drone component manufacturing business is difficult, but Unusual Machines is doing exactly that," Sine said. "The company has acquired an Australian motor manufacturer, hired key senior manufacturing executives, opened a production facility, and staffed it with dozens of workers. Today, it is producing headsets and motors at scale, with the motor factory running three shifts, including weekends, to produce approximately 20,000 motors per month. Production is expected to increase approximately sixfold by year-end as automated equipment is installed and brought online." The analyst rates the stock a Buy with a US$25 per share target price, a 76% return at the time of writing. <h2 style="text-align: center;">The Catalyst: Race On to Meet Domestic Demand</h2> The race is on to meet domestic demand across the industry. Skydio, a company known for its AI-powered drones, has announced a significant USA$3.5 billion investment aimed at expanding its domestic production capabilities and strengthening its supply chain amidst growing technological competition with China, <a href="https://www.washingtonexaminer.com/policy/defense/4542103/ai-drone-company-announces-3-billion-investment-us-manufacturer/" target="_blank" rel="noopener">Claire Carter reported for The Washington Examiner on April 24</a>. Over the next five years, the investment will be used to enhance U.S.-based manufacturing, develop critical drone components, and generate thousands of new jobs, the company said. "This is going to go squarely into the U.S. drone ecosystem," Skydio's CEO, Adam Bry said, revealing plans to quintuple the size of their factory and allocate approximately US$1 billion to source key components domestically, Carter wrote. The move comes at a time when U.S. officials have increasingly voiced concerns over foreign threats to American technological advancements. Like UMAC, a key aspect of Skydio's investment strategy includes "onshoring" the production of essential drone components such as motors and batteries. This strategic move is designed to secure the supply chain and reduce dependency on foreign suppliers, particularly in the face of growing international competition and security concerns. <a href="https://www.suasnews.com/2026/04/department-of-war-launches-phase-two-of-1-1bn-drone-dominance-programme/" target="_blank" rel="noopener">According to a report by sUAS News in April</a>, the Department of War (DoW) is intensifying its efforts to equip ground combat forces with low-cost, scalable one-way attack (OWA) small unmanned aerial systems (sUAS) through the Drone Dominance Program (DDP). The DDP, which has a budget of US$1.1 billion, aims to develop a robust domestic supply chain for these drones. The department has recently launched Phase II of this initiative, committing at least US$300 million to prototype delivery orders. The government plans to procure 30,000 drones for two specific mission profiles, with set prices per drone based on their range and capabilities. One issue that is "difficult to solve in isolation" is "the depth of China’s UAS component supply chain," wrote Senior Research Analyst Jack Burnham, RADM (Ret.) Mark Montgomery, and China Program Senior Director Craig Singleton <a href="https://www.fdd.org/analysis/2026/05/01/unleashing-american-drone-dominance/" target="_blank" rel="noopener">in a report by The Foundation for Defense of Democracies on May 2</a>.[OWNERSHIP_CHART-10500] "While Chinese firms gained access to the American market primarily via exporting finished products — DJI and Autel Robotics held a near-monopoly on the consumer market in the United States for several years prior to the FCC’s designation — this strength is built on a fully integrated market for essential components such as batteries and motors," the authors wrote. "This depth allows China to retain significant leverage over the trajectory of the domestic U.S. drone industry; Chinese firms can manipulate the flow of critical components to hamper manufacturing, such as when China blocked the sale of batteries to Skydio over the firm’s Taiwanese-linked contractors." <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 136 institutions hold 33%, including The Vanguard Group Inc., with 3.32%. Retail investors have the rest. Unusual Machines has 47.78 million shares outstanding. Its market cap is US$649.39 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=31141"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31141" width="0" height="0"> ( Companies Mentioned: UMAC:NYSEAMERICAN, ) UMAC:NYSEAMERICAN Wed, 06 May 2026 00:00:00 PST MA Biotech Downgraded to Neutral After Second FDA CRL for RP1 Melanoma BLA https://www.streetwisereports.com/article/2026/05/06/ma-biotech-downgraded-to-neutral-after-second-fda-crl-for-rp1-melanoma-bla.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/ma-biotech-downgraded-to-neutral-after-second-fda-crl-for-rp1-melanoma-bla.html?utm_medium=feed">Dr. Robert Driscoll 05/06/2026</a> Wedbush Securities downgraded Replimune Group Inc. (NASDAQ:REPL) to NEUTRAL after the FDA issued a second complete response letter for RP1 in PD-1 refractory melanoma.On April 13, 2026, analysts Robert Driscoll, Ph.D., and Geoffrey Von Der Ahe of Wedbush Securities downgraded Replimune Group Inc. (REPL:NASDAQ) to NEUTRAL from OUTPERFORM and lowered their 12-month price target to US$2.00 from US$19.00, implying downside from the April 13, 2026, closing price of US$4.76, following the FDA's issuance of a second complete response letter (CRL) for the company's Biologics License Application (BLA) for RP1 (vusolimogene oderparepvec) in combination with nivolumab in PD-1 refractory melanoma. The FDA had previously issued a CRL in July 2025, citing a heterogeneous patient population and an inadequately controlled study, which did not allow substantial evidence of efficacy to be established from the single-arm Phase 2 IGNYTE trial that enrolled 140 patients. After a Type A meeting, Replimune submitted a complete response, leading to an April 10 PDUFA date. In the updated CRL, the FDA cited three deficiencies tied to the IGNYTE study: an inability to isolate RP1's contribution when administered with nivolumab, heterogeneity of the study population, and uncertainty around response assessments, including surgical interventions with the potential to confound results. According to the analysts, the FDA also concluded that exploratory analyses from IGNYTE and an early look at data from the ongoing confirmatory Phase 3 trial (representing roughly 10% of the patient population) did not alleviate previously communicated concerns about inconsistencies between IGNYTE response criteria and RECIST v1.1. The agency pointed to evaluation shortcomings in the Phase 3 trial, including responses measured only by the investigator, a lack of durability data, and insufficient controls. Specific confounders cited included fewer than 50% noninjected target lesions, inclusion of re-injected patients following progression, surgical interventions and removal of target lesions, and potential bias from histological response. The FDA further referenced concerns raised in Type B meetings in March 2021 and September 2024 regarding the single-arm study design and approval potential. Topline data from the randomized CERPASS Phase 2 study in advanced cutaneous squamous cell carcinoma (CSCC), evaluating RP1 plus cemiplimab versus cemiplimab alone, were announced in December 2023 and did not meet its primary endpoint. The FDA invited Replimune to discuss a revised protocol and statistical analysis plan or propose a new clinical study, which the analysts view as signaling significant risk for continuing the Phase 3 in its current form. Replimune's response, the analysts noted, highlighted inconsistencies with the FDA's regulatory process and communications. The company indicated that during a Type A meeting in September 2025, the FDA acknowledged that randomizing patients to an anti-PD-1-only arm in the confirmatory study was not feasible and had not raised heterogeneity concerns following melanoma expert testimony. Phase 3 data requested by the agency showed progression-free survival (PFS) of 30.6 months for RP1 plus nivolumab compared to 4.4 months on prior PD-1-based regimens, indicating a significant treatment effect. Replimune also stated that detailed analyses showed no material difference in response rates between injected and non-injected lesions, and that biopsies and surgical interventions did not impact tumor response. The company highlighted that a different review team was appointed for the resubmission, replacing a prior team, with a senior member of the prior team publicly stating on a subsequently deleted LinkedIn post 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 analysts characterized the additional CRL as disappointing given what they viewed as a convincing treatment effect in a patient population with significant unmet need. They referenced the FDA's own analysis showing that patients treated with single-agent anti-PD-1 after confirmed progressive disease on anti-PD-1 demonstrated a 6%–7% response rate (Beaver et al., 2018; Ribas et al., 2018). They also pointed to Iovance Biotherapeutics Inc.'s (IOVA:NASDAQ) TIL therapy Amtagvi, which was approved in February 2024 based on single-arm study data showing an objective response rate of 31.5% with a treatment-related mortality of 7.5%, as well as the prior approval of monotherapy T-vec as evidence of single-arm activity for an oncolytic virus with a similar backbone. On valuation, the price target is based on 7x estimated US sales and 15x estimated EU royalties of RP1 in PD-1 refractory melanoma in 2029, discounted by 20%. Replimune is a clinical-stage biopharmaceutical company based in Woburn, Massachusetts, developing intratumorally delivered oncolytic virus therapies. As of April 13, 2026, the company had a market capitalization of US$393 million, 92.2 million shares outstanding, and a 52-week trading range of US$2.68 to US$13.24. The analysts model GAAP EPS of (US$3.54) for FY2025E, (US$2.42) for FY2026E, and (US$2.37) for FY2027E, with the revised price target reflecting expected cash in Q2 2027 and acknowledging that a likely restructuring ahead may alter estimates. Risks to the rating and price target include clinical and regulatory failure of RP1, inability to achieve sales estimates, potential safety signals halting development, and commercial challenges from current and future therapies. The analysts said they see no path forward for RP1 with IGNYTE and significant risk for the ongoing Phase 3 study, and they look forward to potential clarity around readthrough of the identified deficiencies to ongoing studies of RP2, including the randomized Phase 2/3 REVEAL trial in uveal melanoma. <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 WedBush Securities, Replimune Group, April 13, 2026 Valuation Our PT is based on 7x est. US sales and 15x est. EU royalties of RP1 in PD-1 refractory melanoma in 2029, discounted by 20%. Company Description Replimune is a clinical-stage biopharmaceutical company based in Woburn, MA, developing intratumorally-delivered oncolytic virus (OV) therapies. Risks to the Attainment of Our Price Target and Rating: Risks to the attainment of our price target and rating for REPL include clinical and regulatory failure of RP1 and an inability to achieve sales estimates. RP1 may not prove to be efficacious, or safety signals could halt development. RP1 could also face commercial challenges from current and future therapies Analyst Certification We, Robert Driscoll and Geoffrey Von Der Ahe, certify that the views expressed in this report accurately reflect our personal opinions and that we have not and will not, directly or indirectly, receive compensation or other payments in connection with our specific recommendations or views contained in this report. Mentioned Companies Investment Rating System: OUTPERFORM: Expect the total return of the stock to outperform relative to the median total return of the analyst's (or the analyst's team) coverage universe over the next 6-12 months. NEUTRAL: Expect the total return of the stock to perform in-line with the median total return of the analyst's (or the analyst's team) coverage universe over the next 6-12 months. UNDERPERFORM: Expect the total return of the stock to underperform relative to the median total return of the analyst's (or the analyst's team) coverage universe of the next 6-12 months. The Investment Ratings are based on the expected performance of a stock (based on anticipated total return to price target) relative to the other stocks in the analyst's coverage universe (or the analyst's team coverage).* Rating distribution (as of April 13, 2026) Investment Banking Relationships (as of April 13, 2026) OUTPERFORM: 74.89% OUTPERFORM: 12.50% NEUTRAL: 22.13% NEUTRAL: 5.77% UNDERPERFORM: 2.98% UNDERPERFORM: 0.00% The Distribution of Ratings is required by FINRA rules; however, WS' stock ratings of Outperform, Neutral, and Underperform most closely conform to Buy, Hold, and Sell, respectively. Please note, however, the definitions are not the same as WS' stock ratings are on a relative basis. The analysts responsible for preparing research reports do not receive compensation based on specific investment banking activity. The analysts receive compensation that is based upon various factors including WS' total revenues, a portion of which are generated by WS' investment banking activities. Company Specific Disclosures This information is subject to change at any time. This research is provided for educational and informational purposes only and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. Investing involves risk, including the risk of loss of principal. Your investments may decline in value due to both real and perceived general market, economic, and industry conditions. Diversification does not ensure profits or protect against loss. This research was prepared without regard to specific investment objectives, strategies, tax status, investment horizon, financial situation or needs of any investor. Wedbush Securities, Inc. (“WSI”) encourages recipients of this report to read all relevant offering documents (e.g., prospectus) pertaining to any investment concerned, including without limitation, information relevant to its investment objectives, risks, and costs before making an investment decision and when deemed necessary, to seek the advice of a legal, tax, and/or accounting professional. Past performance is no guarantee of future results. Reliance upon information in this research is at the sole discretion of the reader. All information in this research is believed to be reliable as of the date on which this research was issued and has been obtained from public sources believed to be reliable. No representation or warranty, either express or implied, is provided in relation to the accuracy or completeness of the information contained herein. The opinions expressed are as of the date written and are subject to change without notice. In addition, this research may contain certain statements deemed to be “forward-looking” statements. All statements, other than historical facts, contained within this document that address activities, events or developments that this research report expects, believes, or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by WSI in light of its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to assumptions, risks, uncertainties, many of which are beyond WSI’s control. Please note that any such statements are not guarantees of any future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Prepared by Wedbush Securities, Inc., a member of FINRA and SIPC. 1. WS makes a market in the securities of Replimune. Price Charts Replimune Rating History as of 04-10-2026 powered by: BlueMatrix 60 50 40 30 20 10 0 Jul 23 Oct 23 Jan 24 Apr 24 Jul 24 Oct 24 Jan 25 Apr 25 Jul 25 Oct 25 Jan 26 Apr 26 OP:$14.00 12/05/2023 OP:$16.00 02/08/2024 OP:$19.00 02/12/2025 N:$4.00 07/22/2025 OP:$18.00 10/20/2025 OP:$19.00 02/03/2026 Closing Price Price Target Outperform (OP); Neutral (N); Underperform (UP); Not Rated (NR) Wedbush disclosure price charts are updated within the first fifteen days of each new calendar quarter per FINRA regulations. Price charts for companies initiated upon in the current quarter, and rating and target price changes occurring in the current quarter, will not be displayed until the following quarter. Additional information on recommended securities is available on request. Disclosure information regarding historical ratings and price targets is available: Research Disclosures *WS changed its rating system from (Strong Buy/ Buy/ Hold/ Sell) to (Outperform/ Neutral/ Underperform) on July 14, 2009. Applicable disclosure information is also available upon request by contacting the Research Department at (212) 833-1375, by email to leslie.lippai@wedbush.com. You may also submit a written request to the following: Wedbush Securities, Attn: Research Department, 142 W 57th Street, New York, NY 10019. OTHER DISCLOSURES The information herein is based on sources that we consider reliable, but its accuracy is not guaranteed. The information contained herein is not a representation by this corporation, nor is any recommendation made herein based on any privileged information. This information is not intended to be nor should it be relied upon as a complete record or analysis: neither is it an offer nor a solicitation of an offer to sell or buy any security mentioned herein. This firm, Wedbush Securities, its officers, employees, and members of their families, or any one or more of them, and its discretionary and advisory accounts, may have a position in any security discussed herein or in related securities and may make, from time to time, purchases or sales thereof in the open market or otherwise. The information and expressions of opinion contained herein are subject to change without further notice. The herein mentioned securities may be sold to or bought from customers on a principal basis by this firm. Additional information with respect to the information contained herein may be obtained upon request. Wedbush Securities does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Please see pages 3–7 of this report for analyst certification and important disclosure information. Retail Investors The information provided is for general informational purposes only and should not be considered an individual recommendation or personalized investment advice. The companies/investments mentioned may not be suitable for everyone. Each investor needs to review their own respective situation(s) before making any investment decisions. All expressions of opinion are subject to change without notice due to shifting market(s), economic or political conditions. Investment involves risks including the risk of principal. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31138"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31138" width="0" height="0"> ( Companies Mentioned: REPL:NASDAQ, ) Wed, 06 May 2026 00:00:00 PST This Small-Cap Gold Project Just Added 2,448 Hectares as Analysts Eye District-Scale Potential https://www.streetwisereports.com/article/2026/05/06/this-small-cap-gold-project-just-added-2-448-hectares-as-analysts-eye-district-scale-potential.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/this-small-cap-gold-project-just-added-2-448-hectares-as-analysts-eye-district-scale-potential.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE) expanded its Montauban land package with 44 additional claims as analysts maintained bullish ratings and cited ongoing construction, exploration, and district-scale modeling efforts in Quebec.<a href="https://www.streetwisereports.com/pub/co/2969?utm_medium=feed" target="_blank" rel="noopener">ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)</a> announced <a href="https://esgold.com/esgold-expands-montauban-footprint-through-strategic-claim-acquisitions/" target="_blank" rel="noopener">on May 5 that it entered into binding purchase agreements to acquire 44 additional mineral claims totaling approximately 2,448 hectares in the Montauban region of Québec.</a> According to the company, the acquisitions expand its contiguous land position surrounding the Montauban Gold-Silver Project. The company stated that it agreed to acquire a 100% interest in the claims for total consideration of US$70,000 in cash and 600,000 common shares at a deemed price of US$0.50 per common share, with a deemed value of US$300,000. ESGold said closing of the claims is expected within the next 30 days, subject to conditions including due diligence, transfer of title, and regulatory and exchange approvals where applicable. The newly acquired claims cover areas with historically documented polymetallic mineralization near Lac Viking, Lac Lanctôt, and Lac Charlie. Historical drill and sampling results cited in the release included 1.65 g/t Au over 7.27 meters, including 3.42 g/t Au over 2.68 meters in hole 93-24, and 5.48% Zn, 0.36% Cu, 0.35 g/t Au, and 6.8 g/t Ag over 3.15 meters in hole 097-91-19. Additional historical results included 1.67 g/t Au over 1.47 meters in hole TR-15-01 and channel samples reporting 3,447 ppm Cu and 2,615 ppm Cu over one meter. The company stated that the historical results have not been independently verified. ESGold said mineralization in the district is interpreted to occur within a structurally controlled corridor that may extend over several kilometers, although the interpretation remains conceptual and requires confirmation through systematic modern exploration. The company stated that the Montauban district is characterized by a polymetallic mineral system interpreted as a metamorphosed and structurally modified volcanogenic massive sulphide environment with gold enrichment and remobilization along deformation zones. <a href="https://esgold.com/esgold-expands-montauban-footprint-through-strategic-claim-acquisitions/" target="_blank" rel="noopener">According to the release, ESGold is integrating geological, geochemical, and geophysical datasets</a>, including Ambient Noise Tomography (ANT), to develop a 3D geological interpretation of the district. The company stated that no mineral resources or reserves have been defined on the newly acquired claims. The company also said its ongoing exploration program includes a district-scale ANT survey and integrated 3D modeling initiative covering approximately 70 km². ESGold stated that preliminary interpretations suggest the potential presence of structural features that may be associated with mineralization at depth and along strike, although these interpretations have not been validated by drilling. "These acquisitions reflect our disciplined approach to building a district-scale exploration opportunity at Montauban," Chief Executive Officer Gordon Robb said in a company news release. "As our geological understanding evolves through ongoing data integration and interpretation, securing additional prospective ground positions us to systematically evaluate targets and advance exploration in a structured manner." The scientific and technical information in the release was reviewed and approved by André Gauthier, P.Geo., Director of ESGold Corp. and a Qualified Person as defined by National Instrument 43-101. The company stated that the historical results disclosed were derived from reports prepared by previous operators and have not been independently verified. ESGold also announced equity incentive grants under its Omnibus Incentive Plan. The company granted an aggregate of 2,575,000 stock options and 500,000 restricted share units to certain employees, officers, directors, and consultants. Each stock option vests immediately and is exercisable into one common share at a price of US$0.505 per common share. ESGold stated that 1,275,000 stock options expire three years from the date of grant and 1,300,000 stock options expire five years from the date of grant. The restricted share units vest immediately and remain subject to approval by the Canadian Securities Exchange. <h2 style="text-align: center;" data-start="0" data-end="99">Gold Market Reacts to Inflation Concerns, Interest Rate Expectations, and Geopolitical Developments</h2> <a href="https://vblgoldfix.substack.com/p/citi-gold-prices-stagflation-7000?utm_source=post-email-title&publication_id=456345&post_id=196212718&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">A May 2 report from VBL titled "CITI: Convexity in Gold and The Case for Vertical Repricing"</a> stated that Citi expected "short-term selling pressure driven by cross-asset de-risking and geopolitical volatility," while maintaining what the report described as a "bullish medium-term trajectory toward ~$5,000/oz." According to the report, Citi's "base case (~50%)" projected "a grind to US$5,000," while its "bull case (~30%)" forecast gold reaching "$6,000 in 2026 and US$7,000 in 2027 under stagflation and prolonged geopolitical stress." The report also stated that the "bear case (~20%)" projected gold prices "toward ~$4,000." VBL wrote that "Gold's physical market is too small to absorb wealth shifts, meaning small reallocations drive outsized price moves," adding that the market structure created "both upside convexity and downside volatility risk." In a May 2 market update, Couloir Capital reported that "precious metals declined as higher oil prices reinforced inflation pressures, prompting expectations that central banks will keep interest rates elevated for longer." The report stated that the "higher-for-longer" rate outlook increased "the opportunity cost of holding non-yielding assets like gold, outweighing its traditional inflation-hedge appeal and driving recent price weakness." Couloir Capital also wrote that gold prices "declined 2.0% during the week as oil prices spiked from the Iran conflict, heightened inflation concerns, prompting hawkish signals from central banks, including the Federal Reserve, European Central Bank, and Bank of England." According to the report, "expectations of higher interest rates increased the opportunity cost of holding non-yielding assets like gold, outweighing its safe-haven appeal." <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html" target="_blank" rel="noopener">A May 4 CNBC report stated that gold prices fell "2% on Monday as heightened U.S.-Iran tensions boosted the dollar and reinforced inflation concerns that kept expectations of higher interest rates alive." </a>The report stated that spot gold fell "2.6% at US$4,524.40 per ounce," while U.S. gold futures for June delivery settled "2.4% lower at US$4,533.30." Bart Melek, global head of commodity strategy at TD Securities, stated in the CNBC report that "the latest news clearly didn't give the market confidence that everything is going to be okay and again raised the specter of inflation issues, along with fairly hawkish signals to the market on interest rates." The CNBC report also stated that rising energy prices strengthened "bets that central banks will keep interest rates higher for longer." According to the report, "even as gold serves as a hedge against inflation and geopolitical uncertainty, the metal loses appeal in a high-rate environment as it offers no yield." Melek also stated that "I see strong support levels around US$4,200 for gold," while adding that "uncertainty and possible rate hikes could push some traders to exit positions in the near term." At the time of this writing, gold is US$4718.80. <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:4ff91d1a-473e-4e95-a330-05cc29814d76-12" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="40d74197-e4cc-4aef-aba1-b89ee925f8e4" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling"> <h2 style="text-align: center;" data-start="0" data-end="88">Third-Parties Point to Ongoing Construction and Exploration Activity at Montauban</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/09/a-past-producer-cleanup-with-near-term-cash-flow-and-district-scale-discovery-potential.html?utm_medium=feed" target="_blank" rel="noopener">John Newell of John Newell & Associates wrote on February 9 that ESGold Corp. was advancing what he described as "a fully permitted, low-capex tailings reprocessing operation already under construction, paired with district-scale exploration potential that has never been tested with modern geological tools." </a>Newell stated that "this is not a Greenfields gamble. It is a clean-up and restart story with meaningful upside if exploration delivers." He also commented that "the result is a dual-track model that bypasses the traditional Lassonde Curve dip, allowing exploration to be funded internally rather than through repeated equity raises." <a href="https://www.streetwisereports.com/article/2026/02/19/gold-co-moves-toward-production.html?utm_medium=feed" target="_blank" rel="noopener">In a February 19 opinion piece published by 321Gold.com</a>, Bob Moriarty discussed ESGold's Montauban project, referencing both tailings and hard rock resources. Moriarty wrote that "a subsequent 43-101 resource estimate from 2010 identified 47,198 ounces of gold and 481,000 ounces of silver." He also stated that "recent exploration conducted by the ESGold Corp. technical team suggests that Montauban appears to be a multi-lens VMS deposit with the potential for multiple stacked layers of VMS mineralization not recognized in previous mining work." Moriarty added that "management intends to progress the fully permitted low capex tailings reprocessing plant for cash flow while simultaneously conducting advanced exploration into the hard rock potential." <a href="https://www.streetwisereports.com/article/2026/04/10/canadian-gold-co-secures-full-mill-circuit-targets-may-2026-drilling.html?utm_medium=feed" target="_blank" rel="noopener">Atrium Research published an April 10 research note authored by Riley Venton, P.Eng., and Ben Pirie</a>, in which the analysts reiterated a BUY rating on ESGold Corp. and maintained a CA$1.30 price target following project updates at Montauban. In the report, the analysts stated that the integrated geological model developed from recent survey work "reframes Montauban as an untested district-scale system." They also noted that the company had secured all major components required for the mill circuit, with fabrication underway and equipment arriving on site, while first production remained targeted for the second half of 2026. <a href="https://thegoldadvisor.com/silver-advisor/newsletters/esgold-8/" target="_blank" rel="noopener">Peter Krauth wrote in an April 9 update that ESGold was advancing several parallel initiatives at the Montauban Gold-Silver Project in Québec.</a> Krauth stated that the company was "making strong, coordinated progress at its Montauban Gold-Silver Project in Québec, with drilling prep, district-scale exploration, and mill development all advancing at the same time." He described the planned drill campaign as "highly strategic, specifically targeting high-priority zones identified through a refined geological model," and added that "this will be the first time the Montauban system is tested using modern exploration techniques and a fully integrated dataset." Krauth also cited ESGold Chief Executive Officer Gordon Robb, who stated, "We've been working aggressively behind the scenes to bring all of these pieces together, and we are now entering a phase where that progress becomes visible… We are fully funded to execute on this plan." <a href="https://thegoldadvisor.com/silver-advisor/newsletters/esgold-9/" target="_blank" rel="noopener">In a May 5 update for Silver Advisor, Peter Krauth discussed ESGold Corp.'s acquisition of 44 additional mineral claims totaling approximately 2,448 hectares in the Montauban region of Québec. </a>Krauth wrote that the acquisitions expanded the company's land position surrounding the Montauban Gold-Silver Project and added exploration exposure along what he described as a "promising mineralized corridor." According to the report, ESGold agreed to acquire a 100% interest in the claims for US$70,000 in cash and 600,000 shares valued at US$0.50 each, representing total share consideration of US$300,000. Krauth stated that closing was expected within 30 days, subject to due diligence, title transfer, and regulatory approvals. Krauth noted that the newly acquired claims covered historically mineralized areas near Lac Viking, Lac Lanctôt, and Lac Charlie, where previous operators identified polymetallic mineralization. He cited historical drilling and sampling results that included 1.65 g/t gold over 7.27 meters, 5.48% zinc over 3.15 meters, and copper-rich channel samples. The report stated that the historical results had not yet been independently verified by ESGold. The report also discussed the geological interpretation of the Montauban district, describing it as a polymetallic system with characteristics of a structurally modified volcanogenic massive sulphide environment enriched in gold. Krauth stated that the company was integrating geological, geochemical, geophysical, and Ambient Noise Tomography data into a 3D geological model intended to improve drill targeting and understanding of structural features across the district. According to the update, ESGold's district-scale ANT survey and 3D modeling initiative covered approximately 70 square kilometers. Krauth wrote that preliminary interpretations suggested structural features extending at depth and along strike, although the targets still required drill validation. Krauth also cited comments from Chief Executive Officer Gordon Robb, who stated that the acquisitions supported ESGold's strategy of building a district-scale exploration opportunity at Montauban and positioned the company to evaluate and advance exploration targets using a structured approach. In the report, Krauth stated that he remained "happy to hold an overweight position" in ESGold, which he described as a "fully permitted, fully funded, near-term producer/explorer" advancing its "dual track" business model. </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> <h2 style="text-align: center;" data-start="3997" data-end="4032">Building Out the Montauban District</h2> <a href="https://esgold.com/wp-content/uploads/2026/03/ESGold-Corporate-Presentation-March-2026.pdf" target="_blank" rel="noopener">According to the company's investor presentation, ESGold expanded its land package to 417 claims covering approximately 20,618 hectares, or 206 km², surrounding the Montauban project</a>. The investor presentation stated that the company completed an integrated 3D geological model combining ANT imaging with historical drilling and mine data, identifying a mineralized corridor extending to approximately 900 meters depth and more than two kilometers of strike. [OWNERSHIP_CHART-2969] The investor presentation stated that ESGold planned an expanded ANT survey covering approximately 70 km² to extend model coverage, with integration into drill targeting and a step-out diamond drilling program anticipated in early spring 2026, subject to permitting and logistics. According to the investor presentation, the Montauban project was fully permitted and fully funded, targeting production in 2026. The presentation stated that the mill building had been completed for a 1,000 ton-per-day processing capacity and that commissioning was underway. The investor presentation also stated that upcoming catalysts included construction and commissioning updates, processing throughput results, first gold production in 2026, step-out diamond drilling anticipated in early spring 2026, subject to permitting and logistics, and exploration and expansion updates into 2027. The presentation cited a 2025 PEA with a pre-tax IRR of 105%, a US$44.5 million pre-tax NPV at a 5% discount rate, and a payback period of less than two years. <h2 style="text-align: center;">Ownership and Share Structure2</h2> 60% of ESGold is held by management and insiders, about 5% is institutional, and about 35% is public float. Top investors include Paul Mastantuono with 2.2%, the CEO, Robb, with 0.55%, and Andre Gauthier with 0.33%. Its market cap was approximately CA$69 million with 91.44 million shares outstanding. It traded in a 52‑week range of approximately CA$0.19 and CA$1.44. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>ESGold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </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 9, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 9, 2026), the Giant Mining 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. 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=31137"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31137" width="0" height="0"> ( Companies Mentioned: ESAU:CSE;ESAUF:OTCQB; Z7D:FSE, ) ESAU:CSE;ESAUF:OTCQB; Z7D:FSE Wed, 06 May 2026 00:00:00 PST Expert Says Gold Co's Nevada Results are 'Punching Above Its Weight' https://www.streetwisereports.com/article/2026/05/06/expert-says-gold-cos-nevada-results-are-punching-above-its-weight.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/expert-says-gold-cos-nevada-results-are-punching-above-its-weight.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> Scorpio Gold Corp. (SGN:TSX.V) uncovers high-grade gold in Nevada, with step-out drilling confirming strong continuity and expanding a promising district-scale system.On May 5, 2026, Scorpio Gold Corp. (SGN:TSX.V)<a href="https://www.newsfilecorp.com/release/295926" target="_blank" rel="noopener"> </a><a href="https://www.newsfilecorp.com/release/295926" target="_blank" rel="noopener">announced results</a> from two step-out holes of its Phase 2 drill campaign at the Manhattan District Project in Nevada, USA. The program has so far explored 76 holes (25MN-011 through 25MN-045, 26MN-046 through 26MN-068), with total exploration length hitting just under 22,000 meters. With the following results included, Scorpio Gold has reported results from 58 holes, and assays from 18 more holes are pending. The biggest <a href="https://www.newsfilecorp.com/release/295926" target="_blank" rel="noopener">highlight</a> of this release pertains to hole 26MN-067, which returned significant numbers: <ul> <li>10.40 g/t gold over 5.67 meters ("m") from 34.29 m, including 455.52 g/t gold over 0.49 m from 36.27 m;</li> <li>1.94 g/t gold over 17.07 m from 55.47 m, including 5.54 g/t gold over 5.12 m from 62.27 m;</li> <li>12.77 g/t gold over 5.91 m from 134.51 m, including 30.06 g/t gold over 2.50 m from 134.51 m along the Zanzibar Trend.</li> </ul> Drill hole 26MN-067 is a 50-meter step-out that lies northwest of hole 25MN-045 along the Zanzibar Trend. Management at Scorpio Gold is excited by the results. "These results continue to reinforce both the grade tenor and the emerging structural continuity along the Zanzibar Trend, with high-grade intervals such as 455.52 g/t gold over 0.49 meters within broader mineralized zones, highlighting the strength of the system. The presence of multiple high-grade intercepts throughout the hole gives us increasing confidence that we are intersecting a wide and consistently mineralized structure, rather than isolated zones, which is critical as we evaluate the overall scale potential of the trend. With each successive hole, we are building confidence in our geological model and improving our understanding of the controls on mineralization along this system," <a href="https://www.newsfilecorp.com/release/295926" target="_blank" rel="noopener">said VP of Exploration Harrison Pokrandt</a> in the release. "This growing understanding is now framing a much larger opportunity. We see increasing evidence that the Zanzibar Trend may form part of a broader, district-scale structural corridor extending from Black Mammoth through Goldwedge and Mustang Hill, and potentially continuing toward the April Fool target to the southeast. While continuity may not be uniform along the entire strike, the repetition of favorable lithologies and structures, combined with consistent high-grade results, suggests the system may reappear along this corridor in multiple zones," he continued. "Step-out drilling is demonstrating that mineralization extends meaningfully beyond the current Inferred Resource constraining pit, and we believe we are still in the early stages of unlocking a significant new growth front adjacent to the main Reliance Trend. Importantly, hole 26MN-068 achieved its objective by confirming the geological transition from highly mineralized Ordovician Zanzibar Formation limestone into overlying unmineralized volcanics, providing valuable constraints on the limits and controls of mineralization within the system. With continued drilling, we expect to further refine this structural model and build momentum toward defining the scale of this emerging corridor." The Manhattan District is a historical producer located along the Walker Lane Trend in Nevada and just south of the Round Mountain Gold Mine, which is currently in operation and has produced more than 15 million ounces of gold in its lifetime. Manhattan holds several past-producing mines, which Scorpio Gold has consolidated under one entity that holds permitting and water rights for them all. <a href="https://scorpiogold.com/about/" target="_blank" rel="noopener">Scorpio Gold</a> is a Canadian mining company that holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, U.S. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day maximum capacity gravity mill, and four past-producing pits that were acquired from Kinross Gold Corp. (K:TSX; KGC:NYSE) in 2021. <h2 style="text-align: center;">Gold Enters Slight Climb</h2> "Between March 2025 and March 2026, gold's price rose from US$3,019 to US$4,447 per troy ounce, a 47% increase," <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-forecast-and-tracker-where-prices-could-land-in-2026-130000213.html" target="_blank" rel="noopener">reported Kat Tetrina of Yahoo Finance</a> on May 5, 2026. At an even greater spread, Tetrina wrote that, "Data from the National Mining Association shows explosive increases in gold prices over the past five and 10 years. Between 2016 and the end of 2025, gold's price went from UA$1,250 to US$4,318 per ounce." Contributing factors saw significant movement during the COVID pandemic, and with the weakening of the U.S. Dollar and geopolitical tensions, the metal saw a 65% increase in 2025 alone. Though gold's meteoric climb has steadied and even slightly fallen during the U.S.-Iran War, prices rose a bit on May 5. Historically, gold has suffered under fears of inflation, and skyrocketing oil prices have kept its rates at baseline since the conflict began. Still, ". . . spot gold increased by 1% to US$4,566.79 per ounce during morning trading in the United States," <a href="https://economictimes.indiatimes.com/news/international/us/why-are-gold-and-silver-prices-up-today-and-will-gold-touch-4600-and-silver-reach-80-in-next-jump-full-explainer-on-market-signals-and-investor-outlook/articleshow/130830583.cms?from=mdr" target="_blank" rel="noopener">reported The Economic Times</a>. Investors are putting weight behind the tense ceasefire between the two nations despite reports over the weekend that hostilities from both countries had hit the Strait of Hormuz. Both the U.S. and Iran fired on each other's ships, though <a href="https://www.investing.com/news/commodities-news/gold-prices-edge-up-from-1mth-lows-as-hormuz-tensions-intensify-4657760" target="_blank" rel="noopener">the U.S. has dismissed Iran's claim that missiles struck an American ship</a>. <h2 style="text-align: center;">Location is Crucial, Expert Says</h2> <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/scorpio-gold-tiger-gold-western-exploration/#sg" target="_blank" rel="noopener">Jeff Valks, senior analyst for The Gold Advisor, said that the Zanzibar trend is "punching above its weight"</a> in a May 5 report released in response to Scorpio Gold's news Valks wrote, "The useful part here is location. The holes tested beyond the current Inferred Resource Constraining Pit, adding new mineralization outside the existing box. As a reminder, Manhattan is comprised of 18,343,000 tons grading 1.26 g/t gold for a total of 740,000 ounces contained gold in the inferred category." [OWNERSHIP_CHART-3564] The company's stock is up almost 200% to date in 2026, according to Valks, who gave Scorpio Gold a 'Buy' rating, saying that the company is ". . . continuing to put assay fuel on the table." <h2 style="text-align: center;">All of 2026 Packed with Plans</h2> <a href="https://scorpiogold.com/investors/#pres" target="_blank" rel="noopener">Scorpio Gold's investor presentation</a> outlines the company's 2026 plans. The company will spend Q2 2026 continuing resource expansion drilling, with a goal of 50,000 meters this year. Key areas of interest include the Keystone Jumbo, Black Mammoth, Hooligan, and April Fool targets. In Q3 2026, Scorpio Gold plans to complete a modern metallurgical program with a draft process and flow sheet. Finally, in Q4, the company will evaluate historical estimates through drilling and technical work. <h2 style="text-align: center;">Ownership & Share Structure1</h2> Scorpio Gold Corp. has a market cap of CA$108.83 million, with 302.30 million shares outstanding. The company's 52-week range is CA$0.11-CA$0.64. Institutions own 6.72% of shares, while Management & Insiders own 3.41%. The remaining 89.87% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31134"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31134" width="0" height="0"> ( Companies Mentioned: SGN:TSX.V, ) Wed, 06 May 2026 00:00:00 PST Mining Co. Uncovers High-Grade Gold at Alaska's Lucky Shot https://www.streetwisereports.com/article/2026/05/05/mining-co-uncovers-high-grade-gold-at-alaskas-lucky-shot.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/mining-co-uncovers-high-grade-gold-at-alaskas-lucky-shot.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> Contango Silver and Gold (CTGO:TSX; CTGO:NYSE) completes the initial phase of drilling at the Lucky Shot Project in Alaska. See why one analyst raised his target price on the stock.<a href="https://www.streetwisereports.com/pub/co/5439?utm_medium=feed" target="_blank" rel="noopener">Contango Silver and Gold (CTGO:TSX; CTGO:NYSE)</a> announced the successful completion of the initial phase of its 2025/2026 underground diamond drilling program at the Lucky Shot Project in Alaska, <a href="https://contangoore.com/contango-enhances-economics-with-high-grade-drill-results-and-strategic-acquisition-of-the-lucky-shot-lease-and-royalty/" target="_blank" rel="noopener">as reported in a May 5 release</a>. This initial phase is part of a broader 18,000-meter underground and surface exploration campaign aimed at expanding resources, enhancing the geological model's accuracy, and advancing technical studies. These efforts are in preparation for a mineral resource update and a feasibility study planned for the first half of 2027, the company said. Additionally, Contango has successfully acquired the underlying Lucky Shot lease and net smelter returns royalty, further solidifying its investment in the project. "Our latest drilling at Lucky Shot has exceeded expectations, providing a better understanding of the system’s continuity and productivity," Chief Executive Officer Rick Van Nieuwenhuyse said. "The presence of visible gold in multiple intervals is a powerful indicator of the high-grade nature of this deposit. By confirming these multiple vein structures, we have significantly expanded the underground footprint while continuing to de-risk the project." He continued, "This is not just additional drill and assay data; it is a roadmap to expansion. These assays provide the critical momentum we need to accelerate our technical work and unlock the substantial scale we see inherent in this project." Select Highlights Include: <ul> <li>LSU26057: 0.37 meters averaging 10.53 grams per tonne gold (g/t Au) (L1c Vein)</li> <li>LSU26060: 1.34 meters averaging 8.58 g/t Au (L1c Vein)</li> <li>LSU26062: 2.18 meters averaging 7.98 g/t Au (L1c Vein)</li> <li>LSU26063: 1.15 meters averaging 16.47 g/t Au (L2 Vein)</li> <li>LSU26064: 2.89 meters averaging 16.06 g/t Au, including 0.5 meters averaging 74.2 g/t Au (CK Vein)</li> <li>LSU26066: 0.31 meters averaging 31.56 g/tAu (L1c Vein)</li> <li>LSU26067: 0.35 meters averaging 13.61 g/t Au (L1d Vein)</li> <li>LSU26068: 0.30 meters averaging 55.45 g/t Au (L1c Vein)</li> <li>LSU26072: 0.84 meters averaging 10.28 g/t Au (L1d Vein)</li> <li>LSU26076: 2.71 meters averaging 4.28 g/t Au, including 0.36 meters averaging 24.29 g/t Au (L2 Vein)</li> <li>LSU26077: 0.33 meters averaging 9.37 g/t Au (CK Vein)</li> </ul> <h2 style="text-align: center;">Acquisition of Project</h2> On May 4, Contango entered into a purchase and sale agreement with Alaska Hardrock Inc. to acquire 100% ownership of the Lucky Shot project. This acquisition, totaling US$16,074,000, includes the underlying real property, mining claims, and mining equipment, and extinguishes the outstanding 2% net smelter returns royalty held by Alaska Hardrock Inc. The financial structure of the deal includes a cash deposit, a substantial cash payment upon signing, a further cash payment expected by the closing date of July 1 and a promissory note secured by the acquired assets. Van Nieuwenhuyse highlighted the strategic importance of this acquisition, noting, "Contango has successfully consolidated the royalty interests at Lucky Shot, a move that significantly enhances the project's overall value. It is a rare and exciting milestone for an operator to acquire the surface and subsurface royalty interests, effectively streamlining our cost structure. This investment allows us to move into the feasibility stage with a highly efficient operating profile, keeping the project’s full potential firmly in the hands of our investors." Contango said the drilling program, which started in November 2025, has achieved 6,020 meters of drilling across 65 HQ diamond drill holes from ten underground stations. This effort has not only confirmed but also extended the mineralization within the Lucky Shot vein system, particularly the L2, L1b, L1c, and L1d veins. Additionally, the program has identified and confirmed previously unmodeled mineralized structures now known as the L1e and CK veins. Future drilling at the project, estimated at approximately 12,000 meters, will focus on refining structural orientations, continuity, and grade distribution across these emerging targets, the company said. <h2 style="text-align: center;">Peak Gold JV Distribution</h2> The company recently announced a significant financial boost with a cash distribution of US$9 million from the Peak Gold joint venture, <a href="https://www.streetwisereports.com/article/2026/04/23/gold-silver-producer-advances-massive-60-000m-drill-program-in-alaska-canada.html?utm_medium=feed" target="_blank" rel="noopener">as reported on April 22</a>. The Peak Gold JV has successfully completed the first of its four planned campaigns for the year, with the next campaign scheduled to commence in mid-May. Looking forward, Contango has outlined a comprehensive operational roadmap for 2026, which includes advancing its portfolio of advanced exploration-stage projects. The company's exploration program for the year is robust, featuring several key initiatives. In addition to the work at Lucky Shot, the company plans to undertake essential infrastructure construction and permitting at the Johnson Tract critical metals project and complete an updated mineral resource estimate (MRE) at the Kitsault Valley project (acquired from its recent merger with Dolly Varden Silver Corp.). Following the MRE, an extensive drilling program is planned to prepare for a preliminary development plan, also anticipated in the first half of 2027. "The US$9 million cash distribution from the Peak Gold JV underscores the unique strength of our business model — using cash flow from our producing mine operations to fund the aggressive advancement of our 100%-owned assets," Van Nieuwenhuyse noted at the time. "We are hitting the ground running in 2026 with the strongest balance sheet and the most aggressive operational schedule in our company's history." Van Nieuwenhuyse continued, "With nearly 60,000 meters of drilling and important infrastructure work planned in 2026, we are rapidly advancing and derisking our Tier 1 assets toward production. This is a year of execution, and we are fully funded to deliver on the milestones that will define our next chapter as a leading silver and gold developer in Alaska and British Columbia." <h2 style="text-align: center;">Merger Leads to Higher Valuation</h2> <a href="https://www.streetwisereports.com/article/2026/04/15/contango-ore-merger-with-dolly-varden-approved-combined-cash-tops-us-112m.html?utm_medium=feed" target="_blank" rel="noopener">On March 19, Richard Gray, CFA, an analyst at ATB Cormark Capital Markets, reaffirmed his Outperform rating</a> on Contango Ore Inc. (which was also listed as CTGO on the NYSE). He raised his price target for the company from US$46 to US$50 following the shareholder approval of Contango's merger with Dolly Varden. This revised target implies a potential total return of approximately 155% from the current share price. The merger between Contango and Dolly Varden received robust support from the shareholders of both companies. During a special meeting held on March 17, Contango's shareholders approved all necessary proposals to finalize the merger. These approvals included the issuance of new Contango shares to Dolly Varden shareholders at a predetermined exchange ratio, a significant increase in the authorized share count, and the adoption of a new 2026 Omnibus Incentive Plan. On the Dolly Varden side, an overwhelming 98.78% of votes cast were in favor of the arrangement. A court hearing for final approval of the merger was scheduled for March 23, with the closure of the merger anticipated shortly thereafter. According to Gray, the terms of the merger dictate that existing shareholders of both companies will each own about 50% of the new entity on a fully diluted basis. The merged company will begin with approximately US$112 million in cash and US$34 million in debt. The leadership team will include executives from both organizations, with Van Nieuwenhuyse from Contango serving as CEO and Shawn Khunkhun from Dolly Varden as president. Gray's updated pro forma net asset value (NAV) for the combined entity is US$50 per share. This valuation reflects contributions from several key assets and recent financial activities, including the valuation of the Manh Choh, Johnson Tract, Lucky Shot, and Kitsault Valley projects, along with cash acquired from Dolly Varden and recent equity financing. Despite a decline in per-share NAV from the previous estimate of US$66, Gray raised his target multiple to 1.00x NAV from 0.70x. He cited the addition of silver optionality through Kitsault Valley, an anticipated Canadian stock listing, and a reduced hedge position as reasons for the adjustment. <h2 style="text-align: center;">The Catalyst: Precious Metals Enjoy a Rebound</h2> On Tuesday, precious metals experienced a notable rebound, driven by a significant drop in crude oil prices and a weakening of the US dollar, which spurred renewed interest in safe-haven assets, <a href="https://www.livemint.com/market/stock-market-news/gold-silver-rates-today-comex-gold-gains-64-oz-silver-jumps-1-2-oz-on-oil-retreat-and-weaker-dollar-11777995440168.html" target="_blank" rel="noopener">A. Ksheerasagar wrote for Mint on May 5</a>. Additionally, the ongoing ceasefire between the U.S. and Iran, despite being tested, contributed positively to market sentiment. COMEX gold futures surged by US$64 to reach an intraday high of US$4,697, bouncing back from a more than one-month low recorded on Monday. Similarly, silver prices climbed by US$1.12 to US$74.64 per ounce, recovering from a nearly 2% fall in the previous session. The region's stability was questioned following recent U.S.-Iran clashes in the Gulf, with both nations vying for control over the strategically crucial Strait of Hormuz, which has been effectively closed since the onset of the conflict, according to the article. Despite these tensions, U.S. Defense Secretary Pete Hegseth confirmed that the ceasefire, initiated just under a month ago, is still in effect. He further reassured markets by reporting that two U.S. commercial vessels safely passed through the Strait of Hormuz with military support. Meanwhile, the US dollar saw a decline after two consecutive sessions of gains, as tensions between the US and Iran appeared to ease slightly. On the monetary policy front, expectations are set for the US Federal Reserve to maintain interest rates for the remainder of the year, with the market estimating about a 50% chance of a quarter-point rate hike in early 2027. Following a Federal Reserve meeting last week, which resulted in an unchanged rate decision in the most divided vote since 1992, many global brokerage firms now anticipate no rate cuts from the Fed this year, amidst concerns about rising energy prices impacting the economy.[OWNERSHIP_CHART-5439] Gold, often seen as a hedge against inflation, tends to lose appeal when interest rates rise, as it is a non-yielding asset. However, the current economic and geopolitical uncertainties continue to drive interest in precious metals as a safe investment choice, Ksheerasagar wrote. <a href="https://vblgoldfix.substack.com/p/goldman-on-the-path-to-5400?utm" target="_blank" rel="noopener">In a recent analysis posted on Goldfix on April 28</a>, Goldman Sachs analysts Lina Thomas and Daan Struyven reiterated their bullish outlook for gold, projecting that its price will ascend to US$5,400 per troy ounce by the end of 2026. This forecast hinges on several key factors: continued diversification efforts by central banks, a return to normalcy in currently subdued speculative positions, and rate cuts by the Federal Reserve totaling 50 basis points, as predicted by their economists. Despite a notable dip in central bank gold acquisitions in February 2026, where only 2 tonnes were purchased amid significant price fluctuations, Goldman Sachs anticipates an average monthly procurement of 60 tonnes for the remainder of the year. This projection is supported by feedback from a recent Goldman Sachs central bank conference, where about 70% of attendees projected an increase in global gold reserves, while roughly 25% foresaw stability. <h2 style="text-align: center;">Ownership and Share Structure1</h2> About 10% of Contango is held by insiders, about 45% by institutions, and the rest, 45%, is retail. Top shareholders include Franklin Advisers Inc. with 2.47%, John P. Juneau with 2.30%, The Vanguard Group Inc. with 2.17%, Kenneth R. Peak Marital Trust with 2.17%, and BlackRock Institutional Trust Co. with 2.03%. Its market cap is US$732.93 million with 32.34 million shares outstanding. It trades in a 52-week range of US$12.65 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>Contango Silver and Gold is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Contango Silver and 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=31133"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31133" width="0" height="0"> ( Companies Mentioned: CTGO:TSX; CTGO:NYSE, ) CTGO:TSX; CTGO:NYSE Wed, 06 May 2026 00:00:00 PST Gold Developer Advances Nevada Project Toward Construction Decision https://www.streetwisereports.com/article/2026/05/05/gold-developer-advances-nevada-project-toward-construction-decision.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/gold-developer-advances-nevada-project-toward-construction-decision.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announces progress advancing its wholly owned Doby George gold project. Read why experts like the company's strategy and leadership.<a href="https://www.streetwisereports.com/pub/co/10631?utm_medium=feed" target="_blank" rel="noopener">Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC)</a> announced that is actively advancing its wholly owned Doby George gold project towards a future construction decision by advancing its Mine Plan of Operations (MPO) for submission to the U.S. Forest Service (USFS), <a href="https://www.westernexploration.com/news-and-updates/news/news-details/2026/Western-Exploration-Provides-Doby-George-Development-Update-2026-hpKJjYU5z1/default.aspx" target="_blank" rel="noopener">according to a May 5 release</a>. "The activities we are announcing today reflect the steady, disciplined progress we are making at Doby George," said Chief Executive Officer Darcy Marud. "Our drill contractor is in place, hydrology fieldwork has begun, we are now in dialogue with a power provider on the grid connection options and baseline biology work is advancing." Marud added, "Each of these workstreams is essential to moving Doby George from a positive PEA into a permitted, construction-ready project, and we look forward to delivering on additional milestones throughout 2026." Doby George is part of the company's broader Aura property, located about 120 kilometers north of Elko, Nevada. The company has secured a drilling contract for its 2026 program at Doby George, part of the company's broader Aura property near Elko, Nevada, ensuring the availability of a rig and setting the stage for various drilling activities. These activities will include infill, step-out, geotechnical, and hydrological drilling, as well as the installation of groundwater monitor wells. "It's been a beehive of activity so far in the first and the start of the second quarter," Marud noted in a <a href="https://www.youtube.com/watch?v=KVSTqTmiQDc" target="_blank" rel="noopener">video message to shareholders on the company's website</a>. The wells are part of a site-specific hydrology study that has recently commenced, Western Exploration noted. The integration of the drilling and hydrology studies allows for efficient data collection, which will play a crucial role in mine design, water management planning, and environmental documentation necessary for advancing the project through the permitting process. In addition to the hydrology study, the company has initiated discussions with a regional electric utility to explore the feasibility of connecting Doby George to the grid. A formal study, expected to start in the third quarter of 2026, will assess the routing, infrastructure requirements, timing, and costs associated with this grid connection. Opting for a grid connection could potentially lower long-term operating costs and reduce the environmental impact compared to standalone power generation. Environmental baseline biological studies at Doby George began in February 2026, with the first round already completed, WEX said. Conducted by independent qualified environmental consultants, these ongoing field studies aim to assess wildlife, vegetation, and other ecological aspects around the proposed project site. The data collected will be integral to the environmental review materials needed for the MPO submission. <h2 style="text-align: center;">An Ambitious Exploration and Development Agenda</h2> Last month, <a href="https://www.streetwisereports.com/article/2026/03/18/gold-developer-finds-excellent-economics-at-aura-project-in-nevada.html?utm_medium=feed" target="_blank" rel="noopener">Western Exploration unveiled its ambitious exploration and development agenda for 2026</a>, focusing on advancing Doby George and enhancing exploration and resource expansion at Gravel Creek-Wood Gulch district, also part of Aura. At Gravel Creek, the company aims to build on a significant discovery, targeting to double the resource which currently stands at over 800,000 ounces of gold and 13 million ounces (Moz) of silver. In 2025, Western Exploration published a preliminary economic assessment (PEA) for Doby George, projecting a potential open-pit, heap-leach gold operation with promising economics and relatively modest capital requirements. Based on a gold price of US$2,150/oz, the study estimated an after-tax net present value (NPV) of US$70.7 million and an internal rate of return (IRR) of 25.4%, with an upside scenario at US$3,000/oz gold increasing the after-tax NPV to US$211.2 million and the IRR to 62.2%. The project is expected to generate approximately US$271 million in after-tax life-of-mine cash flow over a five-year mine life, with average annual operating cash flow of about US$112 million, a payback period of less than 18 months in the higher gold price scenario, and pre-production capital of about US$115 million. Life-of-mine all-in sustaining costs are estimated at US$1,197 per ounce, supporting the potential for strong margins and positioning Doby George as a low-capital, rapid-payback development opportunity. In January, Western Exploration achieved a significant regulatory milestone with the acceptance of its Notice of Intent (NOI) by the USFS to submit an MPO for Doby George, marking the start of the formal submission and review process for the MPO. <h2 style="text-align: center;">Analyst Says Stock Undervalued by the Market</h2> Paradigm Capital Analyst Lauren McConnell recently initiated coverage on Western Exploration, highlighting the company as an emerging investment opportunity in Nevada. McConnell pointed out that Western Exploration is transitioning from a high-risk exploration narrative to a more concrete near-term development and rerate prospect. Central to this transition is Aura project, which includes two primary value drivers: Doby George project and the Gravel Creek/Wood Gulch system. McConnell noted that Western Exploration is undervalued by the market, which continues to apply a heavy exploration discount despite the visible development path at Doby George. McConnell said she believes that submission of the MPO could begin to reframe the company as a near-term developer rather than just an exploration story, potentially leading to a meaningful rerating in the shares. She initiated coverage with a Speculative Buy rating and a CA$2 target price. Following up on April 21, McConnell said new results at Gravel Creek have helped derisk the exploration model there and strengthen confidence in where future drilling should be focused. She emphasized that Gravel Creek remains the longer-term blue-sky upside within the Aura story, even as the nearer term rerate is more likely to be driven by Doby George advancing through permitting and engineering. <h2 style="text-align: center;">Expert Praises Co.'s Strategy, Management</h2> 1Technical Analyst John Newell of John Newell & Associates recently reviewed Western Exploration's strategic positioning within Nevada's mining sector <a href="https://www.streetwisereports.com/article/2026/02/11/a-two-pronged-nevada-gold-story-with-near-term-de-risking-and-high-grade-upside.html?utm_medium=feed" target="_blank" rel="noopener">for Streetwise Reports on February 10</a>. Newell highlighted the company's evolution from a purely exploratory entity to a significant value creator in the mining industry. He detailed Western Exploration's dual-pronged development strategy focused on two key projects within the Aura property. The first prong of the strategy centers on the Doby George project, which has been extensively drilled and evaluated, culminating in a completed PEA. Western Exploration is actively advancing this project towards the permitting phase with the U.S. Forest Service, marking a significant step towards development. The second prong involves the Gravel Creek project, which presents longer-term potential. This high-grade epithermal gold-silver discovery has seen considerable resource expansion over the past 18 months. The company is ambitiously aiming to double the resource size of Gravel Creek, envisioning its development into a major underground operation. This effort is supported by ongoing exploration aimed at significantly increasing the deposit's resource estimate. Newell also praised Marud's leadership, noting his extensive experience from discovery through to production is instrumental as Western Exploration transitions from resource expansion to potential production phases. He underscored the importance of Marud's expertise in navigating this critical stage of the company's growth. Newell said Western Exploration was a Speculative Buy for investors who are comfortable with the risks associated with junior mining equities. He emphasized that the company's strategic approach, disciplined management, and operation within a favorable jurisdiction significantly bolster its investment appeal. As Western Exploration continues to advance the Doby George and Gravel Creek projects, these developments are expected to be crucial in realizing the company's full valuation potential in the near future, he said. <h2 style="text-align: center;">The Catalyst: Labor Market Data Gives Gold a Boost</h2> The gold market is experiencing a slight uptick in buying interest following the release of the latest U.S. labor market data, <a href="https://www.kitco.com/news/article/2026-05-05/gold-prices-see-some-renewed-buying-us-job-openings-falls-687-million" target="_blank" rel="noopener">according to a report by Neils Christensen for Kitco News on May 5</a>. The Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) for March noted that job openings decreased to 6.87 million from February's 6.92 million, aligning with consensus forecasts. This modest decline in job openings suggests a slight cooling in the labor market, yet not significant enough to prompt the Federal Reserve to implement rate cuts this year. Consequently, the central bank continues to maintain a relatively neutral stance on monetary policy, with markets having adjusted expectations to exclude potential rate cuts for the remainder of the year. In response to these labor market developments, spot gold prices saw an increase, last trading at US$4,575.70 an ounce, marking an over 1% rise on the day, Christensen wrote. However, analysts indicate that gold prices are encountering initial resistance around the US$4,600 mark. Further details from the JOLTS report reveal that the number of hires in March rose to 5.6 million from 4.8 million in February, with the hiring rate increasing to 3.5% from February's 3.1%. This rate matches the lowest hiring rate since April 2020, which was also recorded at 3.1%. Additionally, the report noted slight increases in both quits, which reached 3.3 million, and layoffs and discharges, which totaled 1.9 million, indicating a relatively stable separation rate from the previous month.[OWNERSHIP_CHART-10631] <a href="https://vblgoldfix.substack.com/p/goldman-on-the-path-to-5400?utm" target="_blank" rel="noopener">According to an April 28 post on Goldfix</a>, Goldman Sachs analysts Lina Thomas and Daan Struyven have maintained their optimistic forecast for gold prices, predicting that they will reach US$5,400 per troy ounce by the end of 2026. This projection is based on several factors including ongoing diversification by central banks, a normalization of currently low speculative positions, and anticipated Federal Reserve rate cuts totaling 50 basis points, as expected by their economists. Despite a temporary slowdown in central bank gold purchases in February 2026, which saw only 2 tonnes being bought amid extreme price volatility, Goldman Sachs expects an average monthly purchase of 60 tonnes throughout the year. This expectation aligns with sentiments from a recent Goldman Sachs central bank conference where approximately 70% of participants anticipated an increase in global gold reserves, and about 25% expected them to remain stable. However, the analysts also acknowledge potential short-term risks that could pressure gold prices downward. These include possible continued liquidations if disruptions in the Strait of Hormuz persist, or corrections in the bond or equity markets. Notably, they mention that much of the gold positioning and call option overhang has already been cleared, which might mitigate some of the downward pressure. <h2 style="text-align: center;">Ownership and Share Structure2</h2> Directors and management own 6% of the company, high net worth individuals hold 9%, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) has 10%, and institutions hold 52%. The rest is retail. Western Exploration has 62.43 million outstanding shares and 34.48 million free float traded shares. Its market cap is CA$41.2 million. Its 52-week range is CA$0.58–CA$1.20 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>Western Exploration 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 Western Exploration Inc. and Agnico Eagle 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> <ol> <li>Disclosure for the quote from the John Newell article published on February 10, 2026</li> </ol> <ol> <li>For the quoted article (published on February 10, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. <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=31130"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31130" width="0" height="0"> ( Companies Mentioned: WEX:TSX.V;WEXPF:OTC, ) WEX:TSX.V;WEXPF:OTC Wed, 06 May 2026 00:00:00 PST Three AI-Driven Cancer Programs Advance Toward Key 2026 Milestones https://www.streetwisereports.com/article/2026/05/06/three-ai-driven-cancer-programs-advance-toward-key-2026-milestones.html Source: <a href="https://www.streetwisereports.com/article/2026/05/06/three-ai-driven-cancer-programs-advance-toward-key-2026-milestones.html?utm_medium=feed">Streetwise Reports 05/06/2026</a> Rakovina Therapeutics Inc. (RKV:TSX.V) reported 2025 financial results and outlined progress across its kt-5000, kt-3283, and kt-2000 programs, alongside financing, leadership updates, and ongoing AI partnerships.<a href="https://www.streetwisereports.com/pub/co/11193?utm_medium=feed" target="_blank" rel="noopener">Rakovina Therapeutics Inc. (RKV:TSX.V)</a> reported <a href="https://www.rakovinatherapeutics.com/rakovina-therapeutics-inc-announces-2025-financial-results-and-provides-corporate-update/" target="_blank" rel="noopener">its financial results for the fourth quarter and fiscal year ended December 31, 2025, alongside a corporate update outlining operational and scientific progress.</a> The company stated that it is advancing three primary drug discovery programs, with ongoing work across kt-5000, kt-3283, and kt-2000. For kt-5000, lead optimization efforts are continuing in collaboration with Variational AI, with lead candidate selection and IND-enabling studies targeted for the second half of 2026. For kt-3283, in vivo ADME and efficacy testing of a lipid nanoparticle formulation is underway with NanoPalm. The kt-2000 program is progressing through a second round of AI output and in vitro testing. The company also indicated that it intends to progress pharmaceutical partnership discussions as preclinical data matures. "Completing the first phase of our restructuring marks an important inflection point for Rakovina," <a href="https://www.rakovinatherapeutics.com/rakovina-therapeutics-inc-announces-2025-financial-results-and-provides-corporate-update/" target="_blank" rel="noopener">said Kim Oishi, CEO of Rakovina, in a company news release</a>. "Through the recent debenture restructuring, new financing, and the strengthening of our board and executive team, we are well on our way to repositioning the Company for success." The company reported a working capital deficit of approximately CA$2,149,223 and cash and cash equivalents of CA$298,758 as of December 31, 2025. For the three and twelve months ended December 31, 2025, Rakovina reported net losses of CA$1,893,159 and CA$8,680,576, respectively. Research and development expenses totaled CA$828,931 for the quarter and CA$4,603,002 for the year, while general and administrative expenses were CA$972,872 and CA$3,684,750, respectively. Total operating expenses were reported at CA$1,801,803 for the quarter and CA$8,287,752 for the year. Subsequent to year-end, the company reported that it strengthened its balance sheet through approximately CA$1.0 million in new convertible debenture financing and the restructuring of CA$1,587,131 in existing debentures. Additional developments included leadership appointments, with Kim Oishi named Chief Executive Officer on January 27, 2026, and Frank Holler joining the Board of Directors the same day. Earlier in 2025, the company appointed Dr. David Kideckel as Chief Financial Officer and added both Dr. Kideckel and Yevgeniy Meshcherekov to its Board. The company also reported progress in its AI platform partnerships, including an expanded collaboration with Variational AI in January 2026 and a non-binding Letter of Intent announced in August 2025 with NanoPalm Ltd. to co-develop oncology therapies using lipid nanoparticle delivery systems. Scientific and clinical updates included presentations at multiple conferences. In April 2026, Rakovina presented data at the AACR Annual Meeting, including in vivo tumor growth inhibition results for kt-5000 and characterization data for the kt-3283 lipid nanoparticle formulation. Additional presentations in November 2025 at the Society for Neuro-Oncology Annual Meeting reported CNS penetrance, metabolic stability, and in vivo tolerability for kt-5000 and kt-2000 programs. The company also highlighted a peer-reviewed publication indicating that the kt-3283 program demonstrated superior cytotoxicity compared to FDA-approved treatments across multiple tumor types. Pipeline progress during 2025 included identification of ATR inhibitor hits in the kt-5000 program, receipt of synthesized AI-generated compounds for both kt-5000 and kt-2000 programs, and completion of initial AI-driven candidate generation for CNS-penetrant ATR-targeting molecules. <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="9e5d24b9-99a3-4eb8-b8bc-3213eda4a80c" 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="114">Oncology Innovation Gains Momentum as AI, Precision Medicine, and Minimally Invasive Therapies Drive Growth</h2> </div> </div> </div> </div> <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-69f71f94-9b84-83ea-8956-44c1e1e584a6-0" data-testid="conversation-turn-4" data-scroll-anchor="false" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="620ec179-742e-4b33-906c-8fa4b1ae6b37" 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"> <a href="https://www.fortunebusinessinsights.com/ai-in-oncology-market-111752" target="_blank" rel="noopener">According to an April 13 report from Fortune Business Insights,</a> the AI in oncology market was valued at US$3.66 billion in 2025 and was projected to grow to US$33.09 billion by 2034, reflecting a compound annual growth rate of 28.58%. The report stated that AI applications were being used to "enhance cancer treatment and research" by assisting in identifying cancer earlier, accurately classifying tumors, and selecting personalized treatments. It added that increasing cancer incidence and screening programs were "pushing health systems to adopt scalable diagnostic tools," while AI-enabled workflows helped deliver more consistent care by embedding clinical decision support into routine diagnostic steps. The same report noted that growing investment in AI-driven drug discovery was becoming a defining trend, as sponsors were "leveraging AI to more rapidly pinpoint the target cancer patients by analyzing multimodal data and aligning them with eligibility requirements on a large scale." It also stated that AI was being used earlier in the discovery phase to prioritize targets and hypotheses, helping to reduce development cycles and focus resources on candidates with a higher likelihood of success. <a href="https://finance.yahoo.com/markets/stocks/articles/tempus-ai-vs-illumina-oncology-175000834.html" target="_blank" rel="noopener">A separate analysis published April 30 on Yahoo Finance by Sridatri Sarkar highlighted continued momentum in precision oncology.</a> The report stated that the market was expected to expand at a compound annual growth rate of 8% from 2025 to 2030, driven by "technological innovation and rising demand for diagnostic solutions that deliver meaningful clinical outcomes." It also noted that advancements such as genomic sequencing, liquid biopsy, and AI-powered diagnostics were being integrated to "tailor treatment decisions" and support both clinical care and drug discovery efforts. <a href="https://www.openpr.com/news/4498142/interventional-oncology-market-expected-to-grow-at-8-1-cagr" target="_blank" rel="noopener">According to a May 1 report from Persistence Market Research</a>, the interventional oncology market was projected to grow from US$2.5 billion in 2026 to US$4.2 billion by 2033, representing a compound annual growth rate of 8.1%. The report stated that growth was being driven by "the increasing prevalence of cancer globally and a growing preference among clinicians and patients for minimally invasive treatment options." It added that traditional surgical interventions were increasingly being supplemented by techniques such as radiofrequency ablation and cryoablation, reflecting a shift toward targeted and precision therapies. Persistence Market Research also noted that technological integration, including advanced imaging modalities such as MRI and CT scans, had "greatly enhanced the accuracy and efficacy of interventional oncology procedures by improving tumor localization and treatment planning." The report further stated that there was an increasing emphasis on personalized medicine, with therapeutic strategies tailored to individual patient characteristics, alongside continued investment in research and development that was expanding treatment capabilities. The report added that innovations in device technology and imaging tools were contributing to safer procedures and improved treatment precision, while the adoption of minimally invasive techniques was supported by benefits including "reduced patient discomfort and improved safety profiles." </div> </div> </div> </div> </div> </div> </section> <div class="pointer-events-none translate-y-(--scroll-root-safe-area-inset-bottom) R6Vx5W_threadScrollVars min-h-(--gutter-remaining-height,0px) group-data-stream-active/scroll-root:h-[calc(var(--thread-response-height)-16*var(--spacing))]"> </div> <h2 style="text-align: center;" data-start="3620" data-end="3674">2026 Program Milestones and Development Activities</h2> <a href="https://www.rakovinatherapeutics.com/corporate-profile/" target="_blank" rel="noopener">According to the company's investor materials</a>, the ATR-mTOR inhibitor program includes ongoing collaboration with Variational AI during 2026, focused on optimization of initial lead compounds. This work involves chemical synthesis and evaluation in company laboratories, as well as continued data presentations at peer-reviewed scientific meetings. The company also stated that discussions with potential partner organizations are ongoing. The presentation outlined 2026 milestones for the kt-5000, ATR-mTOR program, including the presentation of in vivo model data at scientific meetings and the delivery of lead-optimization results from the expanded collaboration with Variational AI. For the kt-2000 PARP inhibitor program, the company reported that select compounds identified through in silico screening have been synthesized and are undergoing evaluation. PARP activity and ADME data from these compounds are expected to be used to further train the AI model for refinement and lead candidate selection. Planned 2026 milestones include receipt of output from additional AI modeling and presentation of lead compound data at peer-reviewed scientific meetings. For the kt-3283 PARP/HDAC inhibitor program, the company stated that it has finalized a Letter of Intent to create a joint venture with NanoPalm Ltd. to develop a formulation aimed at improving in vivo delivery. The collaboration combines the company's AI-enabled drug discovery platform with NanoPalm's lipid nanoparticle delivery system. The company also stated that the joint venture will seek non-dilutive funding. [OWNERSHIP_CHART-11193] Additional 2026 milestones for the kt-3283 program include pursuing partnerships with companies developing antibody drug conjugate payloads and presenting nano-lipid formulation data at peer-reviewed meetings. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Edison Oncology holds approximately 12% of Rakovina Therapeutics. Management and reporting insiders account for about 4% ownership, with the remainder held by a combination of institutional, retail, and other investors, as previously disclosed in company materials. Rakovina completed a 10-to-1 share consolidation in June 2025, with shareholders receiving one post-consolidation common share for every ten previously held. As of April 2026, the company has approximately 24.4 million shares outstanding. Market capitalization is approximately CA$2.5 million to CA$3 million based on recent trading levels. Over the past 52 weeks, Rakovina Therapeutics' share price has ranged between approximately CA$0.085 and CA$0.84. <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>Rakovina Therapeutics 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 Rakovina Therapeutics Inc.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> <li>This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. 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=31113"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31113" width="0" height="0"> ( Companies Mentioned: RKV:TSX.V, ) Wed, 06 May 2026 00:00:00 PST Biotech Downgraded to Neutral After Second FDA CRL for Reproxalap in Dry Eye Disease https://www.streetwisereports.com/article/2026/05/05/biotech-downgraded-to-neutral-after-second-fda-crl-for-reproxalap-in-dry-eye-disease.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/biotech-downgraded-to-neutral-after-second-fda-crl-for-reproxalap-in-dry-eye-disease.html?utm_medium=feed">Matthew Caufield 05/05/2026</a> H.C. Wainwright & Co. downgraded Aldeyra Therapeutics Inc. (ALDX:NASDAQ) to Neutral and slashed its price target after the company received a second FDA Complete Response Letter for its Reproxalap NDA in dry eye disease.On March 18, 2026, Matthew Caufield and Andrew S. Fein of H.C. Wainwright & Co. downgraded Aldeyra Therapeutics Inc. (ALDX:NASDAQ) to Neutral with a reduced price target of US$2.00, implying approximately 61% upside from the March 17, 2026, closing price of US$1.24, following the company's receipt of a second Complete Response Letter (CRL) from the FDA for its Reproxalap NDA in dry eye disease (DED). <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">FDA CRL and Regulatory Background</h2> The FDA issued the CRL for Reproxalap, a novel RASP modulator being developed for the topical treatment of the signs and symptoms of DED. This latest setback follows two prior developments: first, the PDUFA date was extended 90 days from December 16, 2025 to March 16, 2026, after the FDA requested submission of a Clinical Study Report (CSR) from a previous DED field trial that had failed to meet its primary endpoint of symptom improvement relative to vehicle control; and second, the company had already received an earlier CRL in April 2025, in which the FDA requested an additional clinical trial demonstrating Reproxalap's efficacy in treating DED symptoms. The analysts had believed that a dry eye chamber trial — which successfully achieved its primary endpoint of reducing ocular discomfort relative to vehicle — had adequately addressed the FDA's concerns regarding symptom benefit. However, the new CRL cited a lack of substantial evidence from adequate and well-controlled investigations and noted that the totality of evidence from completed clinical trials does not support the effectiveness of Reproxalap. The agency specifically highlighted the inconsistency of results across studies, raising "serious concerns about the reliability and meaningfulness of the positive findings." The FDA did not make a direct recommendation for additional trials, but suggested exploring the reasons for failure in certain studies and identifying populations or conditions in which Reproxalap may be effective. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Rating and Estimate Changes</h2> In response to the CRL, the analysts reduced their probability of success (POS) for Reproxalap from 75% to 40%, downgraded their rating from Buy to Neutral, and cut their price target from US$10.00 to US$2.00 per share. The revised price target is based on an equally weighted composite of two methodologies: a P/E multiple analysis yielding US$2.32 per share (using a 25x multiple on taxed and diluted 2032 EPS of US$0.19, discounted to December 2026 at 13%), and a DCF analysis yielding US$1.59 per share (using a 13% discount rate and 1% terminal growth rate over 2026–2032). <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Next Steps and Catalysts</h2> The most immediate anticipated action is Aldeyra's request for a Type A meeting with the FDA, which, once requested, is targeted to occur within 30 days. The analysts expect this meeting to take place in mid- to late April 2026. Following that feedback, the company is expected to provide guidance on potential additional near-term DED trials, with trial design and endpoint selection informed by agency input. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">AbbVie Option Agreement</h2> The analysts highlighted ongoing uncertainty surrounding the outstanding option agreement with AbbVie (ABBV; NYSE) for the potential co-exclusive license to develop, manufacture, and commercialize Reproxalap in the US. The analysts believe it remains in AbbVie's strategic interest to execute the option, particularly given that an FDA-approved Reproxalap could help AbbVie address its Restasis franchise, which faces ongoing generic competition in DED. However, the analysts noted they expect AbbVie to act on the agreement only following FDA approval of Reproxalap, as approval would remove the regulatory overhang. The option agreement would expire 10 days after Reproxalap receives approval. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Financial Position and Projections</h2> As of December 31, 2025, Aldeyra reported cash and equivalents of US$70.0 million, which the company expects to support operations into 2028. The analysts project no product revenue in the first half of 2026, with US$5.0 million in Q3 2026 and US$17.6 million in Q4 2026, totaling US$22.6 million for the full year. Revenue is forecast to grow to US$36.3 million in 2027 and US$74.1 million in 2028. EPS is estimated at (US$0.44) for 2026, improving to (US$0.27) in 2027 and turning positive at US$0.09 in 2028. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Pipeline</h2> Beyond Reproxalap, Aldeyra maintains a broader pipeline. ADX-2191 (methotrexate, IVT) is in Phase 3 trial progress for Primary Vitreoretinal Lymphoma, with Phase 2/3 initiation expected in the first half of 2026 for Retinitis Pigmentosa. ADX-248 (RASP) has Phase 2 trial initiation expected in the first half of 2026 for Atopic Dermatitis, and preclinical progress with IND submission targeted for 2026 in Obesity/Hypertriglyceridemia. ADX-246 (RASP) is in preclinical progress, targeting IND submission in 2026 for Dry AMD and geographic atrophy. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Risks</h2> Key risks to the analysts' investment thesis and price target include failure of developmental candidates to achieve peak commercial revenue estimates due to market size, penetration rates, or pricing; failure to secure adequate capital to fund operations; and failure of continued program development and commercialization. <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 Aldeyra Therapeutics.</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> Disclosures for H.C. Wainwright & Co., Aldeyra Therapeutics, March 18, 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: Aldeyra Therapeutics (ALDX-US) as of 03-16-2026 14 12 10 8 6 4 2 0 2023 Q1 Q2 Q3 2024 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 Q1 BUY:$15.00 04/27/22 UR:NA 10/17/23 BUY:$10.00 04/02/24 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 March 16, 2026 IB Service/Past 12 Months Ratings Count Percent Count Percent Buy 584 87.03% 159 27.23% Neutral 62 9.24% 11 17.74% Sell 1 0.15% 0 0.00% Under Review 24 3.58% 4 16.67% H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer. I, Matthew Caufield and Andrew S. Fein , 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 Aldeyra Therapeutics (including, without limitation, any option, right, warrant, future, long or short position). As of February 28, 2026 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Aldeyra Therapeutics. 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 received compensation from Aldeyra Therapeutics for non-investment banking services in the previous 12 months. The Firm or its affiliates did not receive compensation from Aldeyra Therapeutics 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 Aldeyra Therapeutics 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=31127"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31127" width="0" height="0"> ( Companies Mentioned: ALDX:NASDAQ, ) Tue, 05 May 2026 00:00:00 PST Gold Co. Working on Two Company-Making Projects https://www.streetwisereports.com/article/2026/05/05/gold-co-working-on-two-company-making-projects.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/gold-co-working-on-two-company-making-projects.html?utm_medium=feed">Bob Moriarty 05/05/2026</a> Bob Moriarty of 321gold.com reviews GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) in light of its recent slew of press releases.Markets have been grinding through a consolidation phase since late January — one that was long overdue. Metals had climbed faster and steeper than anything I'd witnessed before. That pullback won't last much longer. The broader equity market may well be headed for a serious collapse, and when that happens, the most heavily traded names will bleed out the hardest. Natural resource stocks, in the end, will be the last place standing. The debt-fueled Western financial order is unraveling, and economic gravity is pulling toward the East and South as physical assets reassert their primacy over paper shuffling. I've covered GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) several times, <a href="http://www.321gold.com/editorials/moriarty/moriarty010826.html" target="_blank" rel="noopener">most recently back in early January</a>. The stock opened the year at CA$0.10 — dirt cheap, as I noted at the time. Within a month, it had climbed to CA$0.39, a 290% move in four weeks. That's the kind of thing deeply undervalued stocks tend to do. During 2025, GoldHaven secured CA$500,000 in flow-through financing, capital that must be deployed within Canada.<a href="https://goldhavenresources.com/news/goldhaven-confirms-high-grade-silver-up-to-2-370-g-t-ag-and-tungsten-up-to-6-550-ppm-w-at-magno-property-cassiar-district" target="_blank" rel="noopener"> A press release on January 6</a> laid out what the company achieved at its <a href="https://goldhavenresources.com/projects/magno" target="_blank" rel="noopener">Magno property</a> in BC's Cassiar district, and the assay results were strong enough to explain the rapid share price appreciation. For 2026, the company has secured an additional CA$2.04 million in flow-through funds, leaving it fully capitalized for a 5,000-meter drill program beginning this summer and running until the ground freezes in October, along with a planned airborne survey. <a href="https://goldhavenresources.com/news/goldhaven-announces-c-5.0m-life-offering-to-advance-magno-and-cope%C3%A7al-projects" target="_blank" rel="noopener">Then on April 30</a>, GoldHaven announced a CA$5 million LIFE financing to push Magno toward a 10,000-meter drill program this year. Unlike flow-through capital, the LIFE structure pairs a share at CA$0.25 with a two-year half warrant at CA$0.35 — and crucially, those shares become freely tradeable upon closing. The stock dipped to CA$0.255 on the news, but I'd expect it to recover once the financing wraps up. That CA$4 million earmarked for Magno carries real significance given that tungsten prices have surged 400% following Chinese restrictions on critical mineral exports. Running parallel to the Magno push is GoldHaven's Plan B: Copeçal, a potentially district-scale gold project in Brazil. <a href="https://goldhavenresources.com/news/goldhaven-resources-reports-independent-review-confirming-large-scale-hydrothermal-system-and-identifies-high-priority-drill-targets-at-cope%C3%A7al" target="_blank" rel="noopener">On May 1</a>, the company released findings from an independent technical review confirming a large-scale hydrothermal gold system, anchored by a 6-kilometer gold-in-soil anomaly. Management intends to direct a portion of the LIFE proceeds toward a 5,000-meter drill program at Copeçal, designed to test the structurally controlled gold targets. When I first wrote about GoldHaven back in July 2025, the entire company was valued at roughly CA$4 million. That figure now sits around CA$14 million — still modest by any reasonable measure. I'll be watching the Magno drill results closely. The tungsten intercepts already in hand hint at something potentially significant in a metal that has abruptly gone from overlooked to critically scarce. [SMNLINSERT]Important Disclosures:<ol> <li>Bob Moriarty: I, or members of my immediate household or family, own securities of: GoldHaven. My company has a financial relationship with: GoldHaven. 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=31126"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31126" width="0" height="0"> ( Companies Mentioned: GOH:CSE;GHVNF:OTCQB;4QS:FSE, ) Tue, 05 May 2026 00:00:00 PST 6-Kilometer Gold Anomaly and Untested Targets Highlight Expanding System in Brazil https://www.streetwisereports.com/article/2026/05/05/6-kilometer-gold-anomaly-and-untested-targets-highlight-expanding-system-in-brazil.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/6-kilometer-gold-anomaly-and-untested-targets-highlight-expanding-system-in-brazil.html?utm_medium=feed">Streetwise Reports 05/05/2026</a> GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) reports independent review confirming large-scale hydrothermal system at Copecal alongside US$700,000 financing planGoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) reported<a href="https://goldhavenresources.com/news/goldhaven-resources-reports-independent-review-confirming-large-scale-hydrothermal-system-and-identifies-high-priority-drill-targets-at-cope%C3%A7al" target="_blank" rel="noopener"> results from an independent geological review that validated and expanded the understanding of its 100-per-cent-owned Copecal project in Mato Grosso state, Brazil.</a> The review followed an assessment of drill core and data from the company's inaugural diamond drilling program, which consisted of nine holes totaling 1,085.7 meters. According to the company, the independent consultant confirmed the presence of a potentially large-scale, structurally controlled hydrothermal gold system and identified clear vectors toward higher-grade mineralization at both the East and West targets. The project is defined by an approximately six-kilometer gold-in-soil anomaly, originally identified through historical exploration by AngloGold Ashanti, which invested approximately US$1 million in exploration on the property. At the West target, the review identified higher-grade gold enrichment associated with fold structures, as well as dense quartz veinlet systems within altered host rock. The company stated that the core of the West target gold-in-soil anomaly remains largely untested and aligns with structural features interpreted from magnetic data. At the East target, the consultant confirmed a shear-hosted mineralized zone with zoned sulphide assemblages, including chalcopyrite-pyrite and chalcopyrite-bornite, indicating increasing temperature conditions and providing a vector toward potential stronger mineralization. The review also confirmed that mineralization at Copecal is controlled by structural architecture and hydrothermal alteration systems. The company noted that these characteristics are consistent with intrusion-related and porphyry-style systems. "The geological features identified at Copecal with the initial phase of drilling remain encouraging and consistent with the expected signature of an intrusion-related, hydrothermal system," <a href="https://goldhavenresources.com/news/goldhaven-resources-reports-independent-review-confirming-large-scale-hydrothermal-system-and-identifies-high-priority-drill-targets-at-cope%C3%A7al" target="_blank" rel="noopener">said Gustavo Almeida, senior project geologist, Brazil.</a> He added that the presence of structural indicators and sulphide assemblages "suggests we are vectoring towards stronger mineralization." Chief executive officer Rob Birmingham stated that the independent review "adds important technical validation and strengthens our confidence that Copecal hosts a large-scale mineralized system," adding that "we are now seeing clear vectors toward stronger mineralization at both the East and West targets, with significant portions of the system still untested." <a href="https://goldhavenresources.com/news/goldhaven-announces-additional-700-000-critical-mineral-flow-through-financing" target="_blank" rel="noopener">Goldhaven also announced that it intends to complete an additional non-brokered flow-through private placement financing for gross proceeds of up to US$700,000 through the issuance of up to 2,641,509 flow-through shares at a price of 26.5 cents per share</a>. The company stated that, together with a previously completed 2026 flow-through offering, total 2026 flow-through financing is expected to reach approximately US$2.75 million. Proceeds are intended to fund exploration and drilling activities at the Magno project. The company noted that the gross proceeds will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, which it intends to renounce to subscribers with an effective date no later than Dec. 31, 2026. Completion of the offering remains subject to customary closing conditions, including regulatory approvals. <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:2059e6fb-a359-4478-9882-76e366d811c4-26" data-testid="conversation-turn-16" 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="d2a3bb8a-874a-47ba-b590-a0f2d8275e30" 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="76">Gold Sector Update: Inflation Pressures, Rate Outlook, and Market Volatility</h2> According to a May 2 note from Coulior Capital, "gold prices declined 2.0% during the week as oil prices spiked from the Iran conflict, heightened inflation concerns, prompting hawkish signals from central banks." The report added that "expectations of higher interest rates increased the opportunity cost of holding non-yielding assets like gold, outweighing its safe-haven appeal," linking recent price weakness to the broader rate environment. <a href="https://vblgoldfix.substack.com/p/citi-gold-prices-stagflation-7000?utm_source=post-email-title&publication_id=456345&post_id=196212718&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">A May 2 report from Goldfix referencing Citi analysis</a> stated that "Citi expects short-term selling pressure driven by cross-asset de-risking and geopolitical volatility," while also outlining a pricing framework where the "base case (~50%) sees a grind to US$5,000." The report further noted that "gold's physical market is too small to absorb wealth shifts, meaning small reallocations drive outsized price moves," highlighting structural dynamics within the market. <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html" target="_blank" rel="noopener">CNBC reported on May 3 that gold prices declined as geopolitical tensions and monetary policy expectations influenced sentiment. </a>Bart Melek, global head of commodity strategy at TD Securities, said that "the latest news clearly didn't give the market confidence that everything is going to be okay and again raised the specter of inflation issues, along with fairly hawkish signals to the market on interest rates." The report also noted that "a stronger U.S. currency makes dollar-priced metals more expensive for holders of other currencies," while adding that "soaring energy prices have intensified inflation fears, strengthening bets that central banks will keep interest rates higher for longer." </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> <h2 style="text-align: center;" data-start="29" data-end="97">Independent Commentary on Exploration Results and Funding Activities</h2> <a href="http://www.321gold.com/editorials/moriarty/moriarty050426.html" target="_blank" rel="noopener">In a May 4 article, Bob Moriarty wrote that "the assays were excellent and were what moved the stock so much higher so quickly,"</a> referring to results at the company's Magno property. He also stated that "the company is fully funded for a 5,000-meter drill program starting this summer and running through the freeze in October as well as an airborne survey," describing planned exploration activities. Moriarty further noted that "on May 1, 2026, GOH announced an independent review of the property showing a large-scale hydrothermal gold system with a 6km gold-in-soil anomaly," referencing the Copecal project. He added that the company "wants to use some of the money from the LIFE financing to advance Copecal with a 5,000-meter drill program to target the structurally controlled gold system." He also referenced earlier share performance, stating that "the shares of GOH began the year at CA$0.10" and that "as I pointed out, they were especially cheap," adding that "GoldHaven shot up to CA$0.39 by the end of the month for a 290% increase in four weeks" and that "that's what really cheap stocks often do." Moriarty additionally wrote that "when I wrote about the company in July of 2025, the total market cap was about CA$4 million. It's up to CA$14 million today and still pretty cheap," while noting that he was "going to follow the drill program at Magno closely." <h2 style="text-align: center;" data-start="3357" data-end="3405">Operational Milestones and Ongoing Work Programs</h2> <a href="https://goldhavenresources.com/investors" target="_blank" rel="noopener">Goldhaven stated that it is advancing detailed structural modeling and three-dimensional interpretation at the Copecal project</a>. The company is also refining targets across both the East and West zones based on the results of the independent review and previous exploration work. [OWNERSHIP_CHART-10501] The company indicated that a Phase II drill program is planned for the second quarter, which will test high-priority structural and geophysical targets identified through the review and prior surveys. These targets are based on integrated analysis incorporating geochemistry, geophysics, and structural interpretation. At the project level, Goldhaven reported that modern exploration programs have included 107 auger drill holes totaling 2,153 meters, as well as very-low-frequency electromagnetic surveys and drone magnetic surveys that identified fold structures and intrusive controls. These datasets have been used to support ongoing target refinement and drill planning. Separately, the company stated that its Magno project in British Columbia is being funded through its 2026 flow-through financing program, which is intended to support initial exploration and drilling activities, with the potential to expand the program through an additional listed issuer financing exemption offering. <h2 style="text-align: center;" data-start="4772" data-end="4935">Ownership and Share Structure1</h2> Strategic entities hold 7.95% of Goldhaven. The rest is retail. Goldhaven has 49.71 million outstanding shares, a market cap of CA$14. Million, and a 52-week trading range of CA$0.09- US$0.39. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31125"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31125" width="0" height="0"> ( Companies Mentioned: GOH:CSE;GHVNF:OTCQB;4QS:FSE, ) Tue, 05 May 2026 00:00:00 PST Massive 5 km Copper-Gold Anomaly Linked to Prior Drilling Identified in Chile https://www.streetwisereports.com/article/2026/05/05/massive-5-km-copper-gold-anomaly-linked-to-prior-drilling-identified-in-chile.html Source: <a href="https://www.streetwisereports.com/article/2026/05/05/massive-5-km-copper-gold-anomaly-linked-to-prior-drilling-identified-in-chile.html?utm_medium=feed">Streetwise Reports 05/05/2026</a> Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) reported multiple conductive anomalies, including a 5 km feature linked to prior drilling, from its MobileMT survey at the Caballos project in Chile.<a href="https://www.streetwisereports.com/pub/co/10000?utm_medium=feed" target="_blank" rel="noopener">Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)</a> reported <a href="https://fitzroyminerals.com/news-releases/high-resolution-mobilemt-survey-links-multiple-large-conductive-anomalies-to-copper-molybdenum-gold-drill-intercepts-at-the/" target="_blank" rel="noopener">results from a helicopter-borne MobileMT airborne electromagnetic and magnetic survey completed over its Caballos project in the Valparaiso region of Chile.</a> The survey, conducted by Expert Geophysics Services Inc., identified multiple conductivity and resistivity anomalies interpreted to be consistent with porphyry-style hydrothermal systems and connected to mineralization intersected during 2025 diamond drilling. The survey covered 694 line kilometers across approximately 194 square kilometers, including a 200-meter spacing infill survey over the Central Target area. Results included the identification of a large circular conductive feature approximately five kilometers in diameter, interpreted as a porphyry-related hydrothermal system directly connected to copper-molybdenum-gold-rhenium mineralization identified at the Chincolco prospect in 2025 drilling. Linear conductive anomalies were also identified and interpreted to connect to mineralized drill hole intercepts, with a potential continuation extending approximately 2.5 kilometers to the south. <a href="https://fitzroyminerals.com/news-releases/high-resolution-mobilemt-survey-links-multiple-large-conductive-anomalies-to-copper-molybdenum-gold-drill-intercepts-at-the/" target="_blank" rel="noopener">Merlin Marr-Johnson, president and chief executive officer of Fitzroy Minerals, stated in a company news release</a>, "The MobileMT survey shows that Caballos hosts the type of plumbing architecture and conductive anomalies that are often associated with world-class mineral systems in Chile." He added, "The standout anomaly is a huge circular feature about five kilometers across that connects to the sulphide mineralization we intersected in drilling last year." The survey identified several conductive zones associated with the Chincolco Creek breccia, where copper-molybdenum-gold sulphide mineralization was intersected in 2025. One feature dips eastward for approximately 1.5 to 2.0 kilometers before merging into a larger conductive body, with roots extending beyond two kilometers depth. A separate linear anomaly approximately 1.5 kilometers long was identified near the north-south axis of the Chincolco prospect, continuing southeast beyond previously drilled areas. This anomaly extends approximately 2.5 kilometers from drill hole CAB-DDH004A and remains partially untested. The MobileMT survey also identified a north-south conductive corridor extending approximately 14 kilometers across the project area, coincident with the Pocuro fault zone. According to Expert Geophysics Services Inc., this feature represents a crustal-scale structure interpreted as a potential pathway for mineralizing magmatic fluids. In the northern portion of the survey area, resistivity patterns were identified and interpreted to be characteristic of hydrothermal breccia-associated porphyry systems. According to the technical interpretation, two anomalies display responses similar to those observed at major deposits in Chile, supporting the interpretation of a district-scale mineralizing system. The survey produced electromagnetic, VLF-EM, and magnetic data sets, which the company stated provide a geophysical framework for exploration targeting across the Caballos property. Fitzroy Minerals indicated that the results will be integrated with geological, geochemical, and drilling data to define priority drill targets. The company also announced the grant of 5.77 million stock options to directors, officers, and consultants under its stock option plan. The options are exercisable at a price of US$0.50 per share until April 29, 2031, with immediate vesting and a hold period of four months and one day. The company noted that the grant to certain directors and officers constitutes a related-party transaction under Multilateral Instrument 61-101 and that exemptions were applied as outlined in the instrument. <h2 style="text-align: center;" data-start="0" data-end="85">Copper Context: Demand Strength, Supply Constraints, and Market Volatility</h2> <a href="https://sprott.com/insights/copper-s-bullish-inflection-where-demand-meets-disruption/?utm_source=insights&utm_medium=email&utm_campaign=sprott-special&_cldee=zyAXRAwyfhDend0GPY-snVHkvhLJ2FeVZqJQ95x4IPCbIfH6NGg20DAnvziG8qM0Fx2aIZm2kuNupE9mlE6gxQ&recipientid=lead-a6e4c51750e6f0118406000d3ae8c4d1-5e7dd62d7bad442c90d38edec677559f&esid=40a4c2b6-9f45-f111-bec7-70a8a50a7022" target="_blank" rel="noopener">According to a May 1 report from Sprott, copper markets experienced a recovery in April</a>, with the copper price ending the month at US$12,911 per metric ton, up 5.34% following a March sell-off linked to geopolitical developments. The report stated that "copper rebounded on resilient demand, tightening supply and its critical role in electrification," reflecting underlying market fundamentals despite macroeconomic pressures. Sprott wrote on May 1 that demand for copper was increasingly shifting away from traditional cyclical drivers, noting that "the old copper story was cyclical; the new one is critical." The report highlighted that demand is now more closely tied to electrification, energy security, and infrastructure investment, with copper described as "essential for strategic, priority-driven use cases such as defense spending, AI, and data center infrastructure and the energy transition." On the supply side, the same report emphasized emerging constraints, stating that "amplified by China's export ban, sulfuric acid shortages are constraining copper supply." It further noted that disruptions to sulfur supply chains and reduced availability of sulfuric acid were creating operational pressures, particularly for production methods reliant on that input. At the same time, Sprott stated that "industry margins have reached all-time highs," with most copper mines operating profitably despite rising input costs. The report also addressed structural changes in processing economics, noting that "negative TCs have turned a core revenue stream into a cost, leaving smelters reliant on byproducts to stay viable." This shift reflected tightening concentrate markets and evolving revenue dynamics within the copper supply chain. <a href="https://stockhead.com.au/resources/barry-fitzgerald-these-copper-juniors-are-priced-to-move/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-05-03-2026&utm_content=httpsstockheadcomauresourcesbarryfitzgeraldthesecopperjuniorsarepricedtomove&utm_medium=email&utm_campaign=AM%20NL%20May%204&utm_content=AM%20NL%20May%204+CID_41f23355a2e2978ab5ba8a3c51a20088&utm_source=Campaign%20Monitor&utm_term=Barry%20FitzGerald%20These%20copper%20juniors%20are%20priced%20to%20move" target="_blank" rel="noopener">Barry FitzGerald wrote on May 1 that copper prices remained elevated despite recent fluctuations,</a> stating that "the price hit a (nominal) record of US$6.22/lb in late January" and remained above prior averages. He added that "the current price remains 31% above the CY2025 average," reflecting sustained strength in the commodity. FitzGerald also noted that demand drivers were expanding, stating that "demand coming from copper's traditional base is being amped up by demand from the energy transition (renewables and EVs) and the digital revolution (AI and data centers)." He further stated that "copper's current historically high levels – in nominal terms – reflect the pressure building on the supply side," highlighting the interaction between demand growth and supply constraints. Coulior Capital wrote on May 2 that base metals, including copper, faced short-term pressure from macroeconomic factors, stating that "copper declined 2.5% during the week as a stronger U.S. dollar and global growth concerns weighed on sentiment." The firm also noted that geopolitical tensions around the Strait of Hormuz contributed to volatility by lifting oil prices and influencing broader market sentiment. <h2 style="text-align: center;" data-start="0" data-end="98">Copper Strength and Exploration Focus Highlighted by GGM Advisory</h2> <a href="https://www.streetwisereports.com/article/2026/03/16/post-pdac-blues.html?utm_medium=feed" target="_blank" rel="noopener">In a March 16 contributed opinion piece for Streetwise Reports, Michael Ballanger noted that Fitzroy Minerals Inc. had completed the first tranche of a CA$18.8 million financing at CA$0.50 per share, with the stock closing the week at CA$0.38</a>. He wrote that the company's two primary projects in Chile were located in a mining-friendly jurisdiction and described them as having "high prospectivity." On April 29, Ballanger provided a further update, stating, "The attached news release is precisely why I own an exceedingly large position in Fitzroy Minerals Inc. – the 'blue-sky' potential is off-the-charts with billions of dollars of market cap lying in front of us. The stock at any level under CA$0.50 is ridiculously cheap." <a href="https://www.streetwisereports.com/article/2026/05/04/the-bubble-is-back.html?utm_medium=feed" target="_blank" rel="noopener">Ballanger then wrote on May 4 that copper had continued to show resilience relative to other metals</a>, stating that it had been "grinding higher since it put in its low around US$5.23 back in early February." He added, "I see no evidence of any disruption in the copper bull whatsoever." In the same May 4 commentary, Ballanger referenced recent exploration developments, noting "the highlight being that 5 km. wide anomaly shown in the graphic posted above." He also discussed follow-up work, stating that "this IP survey will almost completely rule out other 'chargeable' materials, leaving the most likely material as 'sulphides'." Ballanger further stated that "the results of the IP survey should be out by the end of the month or very early June, with the drill program commencing sometime in September," outlining the anticipated sequence of exploration activities described in the source material. <h2 style="text-align: center;" data-start="3818" data-end="3871">Next-Stage Exploration and Data Integration Plans</h2> <a href="https://fitzroyminerals.com/site/assets/files/5954/260401_ftz_april.pdf" target="_blank" rel="noopener">As outlined in its investor presentation, Fitzroy Minerals has commissioned Expert Geophysics Services Inc. to complete a three-dimensional inversion of key survey areas to improve resolution and interpret structural complexity.</a> The company stated that the full Caballos dataset will be combined with MobileMT data and analyzed using proprietary techniques, alongside drilling results, structural interpretation, alteration mapping, and geochemical datasets through artificial intelligence-enhanced processing. A deep induced polarization survey is planned for the second quarter of 2026 to obtain additional information on sulphides, alteration mineralogy, structure, and resistivity. The company stated that the objective is to upgrade conductivity anomalies into ranked drill targets, with chargeability measurements expected to respond to disseminated sulphides, stockwork mineralization, alteration halos, and porphyry-style systems. [OWNERSHIP_CHART-10000] At Buen Retiro, the company reported signing a letter of intent with Pucobre S.A. in April outlining a conceptual joint development pathway for the heap leach project. Under the terms described, Pucobre holds a claw-back right to 30% of the project and, if exercised in mid-2027, would reimburse 90% of project expenditures incurred through completion of the pre-feasibility study. The company stated it expects to maintain a high level of exploration and technical activity over the next 12 months. The company also indicated that drilling at Buen Retiro is part of an ongoing multi-rig program, with plans to release drill results on a rolling basis every four to six weeks throughout the remainder of the year. In addition, metallurgical testing commenced in April as part of the project's advancement. At Caballos, the company outlined plans to conduct deep induced polarization ground geophysical surveys targeting chargeability anomalies, with drilling expected to follow in September and October. Looking ahead, the company identified several near-term activities, including results from an ambient noise tomography survey at Buen Retiro, continued drill core assay updates, progress updates on deep IP work and three-dimensional inversion of MobileMT data at Caballos, and ongoing exploration activities across both projects. Fitzroy Minerals also indicated that it will continue targeting further delineation of identified anomalies as part of ongoing exploration at the Caballos project. <h2 style="text-align: center;" data-start="4772" data-end="4935">Ownership and Share Structure1</h2> Fitzroy Minerals Inc. has a market cap of CA$152.46 million, with 327.87 million shares outstanding. The company's 52-week range is CA$0.24-CA$0.73. Management and Insiders own 11% of shares, while Institutions own 2%. Strategic Investors own 25% of shares, and the remaining 62% 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 Fitzroy Minerals.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31123"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31123" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, ) Tue, 05 May 2026 00:00:00 PST Gold Explorer Secures Key Nevada Permit for Gold-Silver Project https://www.streetwisereports.com/article/2026/04/29/gold-explorer-secures-key-nevada-permit-for-gold-silver-project.html Source: <a href="https://www.streetwisereports.com/article/2026/04/29/gold-explorer-secures-key-nevada-permit-for-gold-silver-project.html?utm_medium=feed">Streetwise Reports 05/05/2026</a> Star Gold Corp. (SRGZ:OTCQB) receives pivotal permit for road access at its Nevada gold-silver project, enabling faster progress and positioning for strong upside potential.<a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> <a href="https://www.prnewswire.com/news-releases/star-gold-corp-receives-us-forest-service-permit-to-begin-road-restoration-work-at-longstreet-gold-silver-project-302761052.html" target="_blank" rel="noopener">announced on May 4, 2026, the receipt of a U.S. forest service permit</a> to begin road restoration work at its Longstreet gold-silver project. The permit is for approximately 2.56 miles of Forest Service Trail 24208, a critical access corridor to the company's property in Nye County of Nevada's Walker Lane mineral belt. The Austin-Tonopah Ranger District of the Humboldt-Toiyabe National Forest issued the permit, which authorizes the use of heavy equipment within the existing road prism to restore access to the Level 2 operational/objectives standards. CEO of Star Gold, Lindsay Gorrill, said in the release, "Receiving this Forest Service permit is a meaningful and tangible step forward for the Longstreet Project. Restoring reliable road access is the foundational first step to everything that follows, getting equipment in, advancing our on-site technical work, and executing on our path to production. With gold prices where they are today, every day of progress at Longstreet matters, and we're focused on disciplined, efficient execution." <a href="https://www.prnewswire.com/news-releases/star-gold-corp-receives-us-forest-service-permit-to-begin-road-restoration-work-at-longstreet-gold-silver-project-302761052.html" target="_blank" rel="noopener">Authorized work includes</a>: <ul type="disc"> <li>Roadbed repair and grading along approximately 2.56 miles of FS Trail 24208</li> <li>Repair and maintenance of five drainage crossings and side-ephemeral drainage channel road crossings</li> <li>Rock fill and stabilization of ditches using 2"–6" angular rock for minor ditches and rock up to 2' for larger trenching</li> <li>Road base placement over the repaired roadbed surface</li> <li>Installation of rolling dips and/or turnouts for water management in accordance with approved design specifications</li> <li>Maintenance of existing drainage features along the corridor</li> </ul> This access is the required prerequisite for the company's continued on-site technical work for the Longstreet Project, and work is expected to commence in May 2026. Star Gold Corp. is a U.S.-based gold and silver exploration company developing assets along the proven Walker Lane Belt in Nevada. <h2 style="text-align: center;">Gold Sector Lower Today but Looking Strong Long-Term</h2> On May 4, 2026, Ben Pirie and Nicholas Cortellucci, CFA, for Atrium Research, weighed in on the current metals market, arguing that the market is slightly down due to the ongoing conflict between the U.S. and Iran. They wrote, " The war-driven surge in energy and higher inflation levels have reset rate-cut expectations, which is technically a headwind for gold, yet the metal held its ground. With that said, we remain in a fundamentally new price environment for precious metals versus this time last year, a reality that came into clear focus with Q1 earnings reported this month." They went on: "Gold was down 1.2%, silver was down 1.9%, and copper extended gains, rising 6.7%. Gold and silver mining equities fell alongside the underlying metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while the COPX was up 4.2%. The TSX gained 3.7% on the month, while the S&P 500 was up 10.7%, as miners underperformed the broader indexes." There is some evidence that the U.S. dollar is holding strong, even among slight dips. On May 3, <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html" target="_blank" rel="noopener">CNBC reported that Han Tan, Chief Market Analyst at Bybit, said</a>, "The dollar edged higher against peers, ⁠making dollar-priced bullion more expensive for other currency-holders. Gold is likely to remain sensitive to the &zwnj;ever-fluid geopolitical landscape, which in turn frames the global inflation outlook." The article goes on to assert that gold is still expected to be higher by the end of 2026 than by the end of 2025, which was already at an all-time high. In a price comparison, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-may-4-gold-and-silver-down-this-morning-after-project-freedom-announcement-110939701.html" target="_blank" rel="noopener">Yahoo Finance listed the recent prices of gold</a> as follows: -1.4% one week ago, -2.5% one month ago, and +43.4% from one year ago, showing a strong upward trend. <div class="MidResponsive-midResponsiveContainer"> <div id="MidResponsive-1" class="" data-module="mps-slot"></div> </div> <h2 style="text-align: center;">Star Gold Gets a 'Strong Speculative Buy' Rating</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"> 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." [OWNERSHIP_CHART-6021] 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." 2In a separate contributed technical analyst opinion, <a href="https://www.streetwisereports.com/article/2026/04/27/nevada-gold-silver-resource-update-brings-3-68-million-private-placement-a-bullish-technical-set-up.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave his opinion of the company to Streetwise Reports</a> on April 23, 2026. Thomson gave the stock a 'Strong Speculative Buy' rating and said that it ". . . volume has been this high before, but not consistently, as it is now." Thomson went on to give Star Gold a short-term price target of US$0.20 and a long-term price target of US$5.40, noting that "given the consistent outperformance of Star Gold during CDNX rallies, high long-term price targets for the stock are reasonable considerations." <h2 style="text-align: center;">Upcoming Plans</h2> <a href="https://stargoldcorp.com/project">Star Gold expects the path to production will be quick</a>, having already secured private water rights for Longstreet. All environmental impact studies have been completed, and the company has submitted its plan of operations. <h2 style="text-align: center;">Ownership & Share Structure3</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 March 6, 2026 <ol> <li>For the quoted article (published on March 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. 2. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol> <li>For the quoted article (published on April 27, 2026), Star Gold 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> 3. 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=31085"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31085" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) SRGZ:OTCQB Tue, 05 May 2026 00:00:00 PST Gold Explorer Finds Newfoundland Home Run Hole, Expert Says https://www.streetwisereports.com/article/2026/05/04/gold-explorer-finds-newfoundland-home-run-hole-expert-says.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/gold-explorer-finds-newfoundland-home-run-hole-expert-says.html?utm_medium=feed">Streetwise Reports 05/04/2026</a> Pirate Gold Corp. (YARR.TSX.V) reports a standout 65.1 g/t gold result alongside a large alteration system, signaling major district-scale discovery potential.On May 1, 2026, Pirate Gold Corp. (YARR.TSX.V) <a href="https://www.stockwatch.com/News/Item/Z-C!YARR-3813894/C/YARR" target="_blank" rel="noopener">confirmed the discovery of a large, advanced argillic alteration zone</a> at the Crippleback Lake anomaly located at its Treasure Island project in Newfoundland, Canada. The project spans 90 kilometers along the Valentine Lake fault gold district. The Crippleback anomaly is located along the southern portion of the Treasure Island project and lies within the Crippleback intrusive suite, spanning 6.5 kilometers by 1 kilometer forming an electromagnetic resistivity low. Currently identified mineralogy consists of montmorillonite, pyrophyllite, muscovite, and vuggy silica textures—all of which suggest high-level epithermal and copper-porphyry mineral systems. To date, three drill holes have been completed. <a href="https://www.stockwatch.com/News/Item/Z-C!YARR-3813894/C/YARR" target="_blank" rel="noopener">Highlights include</a>: <ul> <li>PGC-26-058 targeted the alteration system from the southern side of Crippleback Lake; this hole intersected an interval of vuggy, silicified volcanic rock from 15 to 137 meters downhole containing disseminated pyrite and muscovite alteration; from 137 to 247 meters in highly altered quartz monzonite marked by chlorite and montmorillonite alteration with pyrite mineralization, this included a veined zone from 224.5 to 232.0 meters with locally massive to semi-massive pyrite; 247 to 293 meters intersected a phengite-dominated volcanic sequence with disseminated pyrite and locally chalcopyrite; 293 to 395 meters intersected a kaolinite dominated alteration in both volcanic and felsic intrusive rocks with pyrite mineralization, including a veined zone from 343.0 to 349.5 meters containing semi-massive pyrite mineralization; 395 to 562 meters intersected a volcanic sequence with muscovite-phengite alteration and disseminated pyrite mineralization; 562 to 602 meters intersected highly silicified monzonite and volcanic sequence containing pyrite as stringers.</li> <li>PGC-26-064 targeted the alteration system from the northern side of Crippleback Lake; this hole intersected quartz monzonite from zero to 107 meters depth dominated by chlorite alteration and disseminated pyrite mineralization; from 107 to 197 meters depth, it intersected silicified and vuggy volcanic and intrusive sequences with pyrite as stringers and disseminations dominated by muscovite and kaolinite alteration; 197 to 215 meters intersected heavily clay altered volcanic rocks dominated by pyrophyllite with local vuggy segments and pyrite mineralization; 215 to 295 meters contained heavily clay altered volcanic rock with vuggy textures dominated by muscovite and kaolinite alteration carrying pyrite as disseminations and stringers; 295 to 349 meters intersected volcanic sequence heavily altered with pyrophyllite, pyrite as disseminations; 349 to 438 meters intersected monzonite with phengite and montmorillonite alteration with pyrite as semi-massive stringers and disseminations; 438 to 600 meters intersected monzonite dominated by chloritic alteration, local potassic feldspar alteration carrying pyrite and semi-massive pyrite stringers; a fault zone at 600 meters bounds further clay alteration from 600 to 690 meters dominated by muscovite and montmorillonite with localized vuggy silica segments; disseminated pyrite is common throughout the interval; 690 to 797 meters encountered relatively fresh quartz monzonite with localized mafic dikes.</li> <li>PGC-26-068 was drilled from the same location as PGC-26-058 at a 44-degree angle extending farther north into the anomaly; this hole intersected felsic volcanics with muscovite-dominated alteration sequences from 12.8 to 175 meters; felsic volcanic with montmorillonite-dominated alteration from 175 to 255 meters depth; from 255 to 275 meters, a strongly magnetic intrusive unit with semi-massive pyrite and disseminated chalcopyrite; 275 to 326 meters intersected altered felsic volcanic with chlorite and montmorillonite alterations; 326 to 428 meters intersected largely muscovite-dominated felsic volcanics with local silicified zones and disseminated pyrite; 428 to 596 meters intersected felsic volcanics with muscovite alteration, localized gypsum with disseminated pyrite.</li> </ul> Pirate Gold's President of Exploration, Greg Matheson, said of the results: "With three holes completed testing the Crippleback Lake anomaly, we are continuing to expand our geological understanding of this system. It is apparent we have many of the markers of a high-sulphidation epithermal system, including advanced argillic alteration and core textures such as vuggy silica. Our current drilling is focused on the eastern side of the anomaly along strike of PGC-26-068 to better assess the scale of alteration. The Crippleback Lake intrusive suite remains an excellent orogenic gold target with similarities to the nearby Valentine Lake mine, and, as we await assay results, one drill has shifted to testing the 35-plus kilometers of prospective strike along the Valentine Lake fault." Matheson went on to say, "Moosehead continues to demonstrate the kind of high-grade vein systems that drive near-term discovery, but Crippleback is a different opportunity entirely," said Denis Laviolette, executive chairman and chief executive officer. "What we're seeing now is scale. Widespread alteration, strong sulphide development, and a system that is just beginning to take shape: These are the kinds of geological footprints that can point to something much larger, and that's what we're focused on defining." Drilling will continue to test deeper levels of the system and further define mineralization. In other news, <a href="https://www.stockwatch.com/News/Item/Z-C!YARR-3815397/C/YARR" target="_blank" rel="noopener">Stockwatch reported on May 1, 2026</a>, that the TSX Venture Exchange ". . . has accepted for filing documentation with respect to a mining claim purchase agreement [from Pirate Gold] and the amending agreement with an arm's-length vendor to acquire four mineral licenses located in Newfoundland. Consideration: CA$12,360 cash and 300,000 common shares." Pirate Gold Corp. is a Canadian exploration company focused on drilling the Valentine Lake fault Zone in Newfoundland, asserting that it is <a href="https://www.stockwatch.com/News/Item/Z-C!YARR-3813894/C/YARR" target="_blank" rel="noopener">Canada's newest gold district</a>. Along with its focus on the Treasure Island gold project, the company owns a portfolio of other projects, including the district-scale Fleur de Lys project. <h2 style="text-align: center;">Gold Sector Looking Up Long-Term</h2> On May 4, 2026, Ben Pirie and Nicholas Cortellucci, CFA, for Atrium Research, weighed in on the current metals market, arguing that the market is slightly down due to the ongoing conflict between the U.S. and Iran. They wrote, " The war-driven surge in energy and higher inflation levels have reset rate-cut expectations, which is technically a headwind for gold, yet the metal held its ground. With that said, we remain in a fundamentally new price environment for precious metals versus this time last year, a reality that came into clear focus with Q1 earnings reported this month." They went on: "Gold was down 1.2%, silver was down 1.9%, and copper extended gains, rising 6.7%. Gold and silver mining equities fell alongside the underlying metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while the COPX was up 4.2%. The TSX gained 3.7% on the month, while the S&P 500 was up 10.7%, as miners underperformed the broader indexes." [OWNERSHIP_CHART-11576] There is some evidence that the U.S. dollar is holding strong, even among slight dips. On May 3, <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html" target="_blank" rel="noopener">CNBC reported that Han Tan, Chief Market Analyst at Bybit, said</a>, "The dollar edged higher against peers, ⁠making dollar-priced bullion more expensive for other currency-holders. Gold is likely to remain sensitive to the &zwnj;ever-fluid geopolitical landscape, which in turn frames the global inflation outlook." The article goes on to assert that gold is still expected to be higher by the end of 2026 than by the end of 2025, which was already at an all-time high. In a price comparison, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-may-4-gold-and-silver-down-this-morning-after-project-freedom-announcement-110939701.html" target="_blank" rel="noopener">Yahoo Finance listed the recent prices of gold</a> as follows: -1.4% one week ago, -2.5% one month ago, and +43.4% from one year ago, showing a strong upward trend. <h2 style="text-align: center;">Pirate Gold Has a 'Home Run Hole'</h2> In an April 15, 2026, statement, <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" target="_blank" rel="noopener">Bob Moriarty of 321gold.com said</a>, "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 grams/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;">Focus on Multiple Properties</h2> Along with continued drilling at the Crippleback Lake anomaly, Pirate Gold will also spend 2026 focused on its Moosehead property, where previous drilling has exposed broad areas of gold mineralization. <a href="https://cdn.prod.website-files.com/6920283785aa8babbd183c55/69de671f1cf334e0f7209eb4_Pirate%20Gold%20Corporate%20Presentation%20Q1%20(4).pdf" target="_blank" rel="noopener">The company believes a large mineral system could be present</a>, especially within the 511 Zone and Stony Lake Zone. <h2 style="text-align: center;">Ownership & Share Information1</h2> Pirate Gold Corp. has a market cap of CA$108.93 million, with 506.63 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.39. Institutions own 1% of shares, while Strategic Investors own 25%. Management & Insiders own 8% of shares, and the remaining 66% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>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=31121"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31121" width="0" height="0"> ( Companies Mentioned: YARR.TSX.V, ) Mon, 04 May 2026 00:00:00 PST Mining Co. Advances Massive Project Towards Maiden Resource Estimate in Nevada's Walker Lane https://www.streetwisereports.com/article/2026/05/04/mining-co-advances-massive-project-towards-maiden-resource-estimate-in-nevadas-walker-lane.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/mining-co-advances-massive-project-towards-maiden-resource-estimate-in-nevadas-walker-lane.html?utm_medium=feed">Streetwise Reports 05/04/2026</a> StrikePoint Gold Inc. releases results from drilling at the Hercules Gold Project in the renowned Walker Lane area of Nevada. Is the stock undervalued? One expert thinks so.<a href="https://www.streetwisereports.com/pub/co/209?utm_medium=feed" target="_blank" rel="noopener">StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB)</a> announced preliminary assay results from its Spring 2026 drilling campaign at the Hercules Gold Project in the renowned Walker Lane area of Nevada, <a href="https://strikepointgold.com/strikepoint-drills-multiple-gold-silver-intercepts-including-21-34m-grading-0-62-g-t-au-and-8-6-g-t-ag-at-the-hercules-target-and-13-72m-grading-1-09-g-t-au-and-4-6-g-t-ag-at-the-cliffs-target/" target="_blank" rel="noopener">a May 4 release said</a>. The drilling program included 29 holes covering a total of 3,918 meters. The primary aim of was to gather adequate data to formulate a maiden resource estimate, which is expected by the fourth quarter of 2026, the company said. "From this initial batch of results, drilling continues to show the near surface, predictable nature of the mineralization at Hercules," President and Chief Executive Officer Michael G. Allen said. "Hole H260011 showed significant high-grade mineralization on the southern end of the Hercules Target. It may represent a new high-grade corridor for further follow up drilling, while H26014 showed more than 60 meters of continuous gold mineralization at the Cliffs target." <figure class="image"><img class="float_left" src="https://www.theaureport.com/images/auto_up/202654115549_Strikepoint_Hercules_Drilling_2025_v3-2035x2048.jpg" alt="" width="852" height="857" /> <figcaption>Source: StrikePoint Gold Inc.</figcaption> </figure> The initial results released are from the first nine Reverse Circulation (RC) drill holes, which spanned 1,440.18 meters. The company noted here was currently not enough data to determine the true thickness of the mineralized zones. Hole H26011 encountered 21.34 meters of 0.62 g/t Au and 8.6 g/t Ag and was terminated in mineralization, with the final sample grading 0.28 g/t Au and 3.1 g/t Ag. This indicates potential discovery of a new high-grade gold zone west of the previously modeled mineralization. Further details from the drilling report include Hole H26012, which intersected 13.72 meters grading 1.09 g/t Au and 4.6 g/t Ag, located on the southernmost part of the Cliffs; suggesting that the deposit is still open to the south. Hole H26014 drilled through 60.96 meters of 0.21g/t Au and 2.8 g/t Ag, aimed at exploring extensions of known mineralization that had been obscured by later overburden, the company said. The considerable length of mineralization suggests that this part of the deposit remains open to further exploration to the south and at depth. Additionally, H26017 marked the first drilling attempt at the Lucky Rusty showing, immediately encountering mineralization. This site is located over 2 kilometers north of H26012, expanding the known mineralized area significantly. <h2 style="text-align: center;">Co. Notes Project's Potential</h2> StrikePoint <a href="https://www.streetwisereports.com/article/2026/02/27/gold-explorer-launches-maiden-resource-program-in-nevada.html?utm_medium=feed" target="_blank" rel="noopener">announced the campaign earlier this year</a>. The company acquired Hercules in August 2024 for CA$250,000. Following the acquisition, the company quickly highlighted the project's significant potential. "As we launch on this drill program, we have the confidence of a strong, predictive geological model of controls on mineralization. With a relatively modest drill program we will have the data to complete our maiden resource estimate," Allen stated at the time. He also noted the strategic expansion of the project area, mentioning, "In addition, we’ve also recently consolidated the southern portion of the property, giving us control over the past producing Como District, allowing for further expansion of our exploration efforts among several promising high-priority targets." Following the completion of this phase, StrikePoint plans to revise its existing drilling permits to include the newly integrated Como District. This expansion was achieved through the acquisition of 51 unpatented claims in the Como District, an area with a rich history of production. Historical data from surface sampling in this district has revealed high gold and silver values, with gold peaking at 166.62 g/t and silver at 109.72 g/t. From a total of 623 historical surface samples collected across the Como District and the surrounding areas now under StrikePoint’s control, 93 samples have shown gold grades exceeding 1 g/t. This historical data underscores the enriched mineral potential of the area, bolstering StrikePoint's exploration prospects. <h2 style="text-align: center;">A Potentially Undervalued Player, Analyst Says</h2> 1The company is a potentially undervalued player in the gold exploration sector of Nevada's Walker Lane, <a href="https://www.streetwisereports.com/article/2025/08/11/a-forgotten-gold-project-reawakens-in-the-shadow-of-giants.html?utm_medium=feed" target="_blank" rel="noopener">according to John Newell of John Newell & Associates in a review of the stock</a>. In an article published by Streetwise Reports on August 11, Newell expressed surprise at the company's strategic acquisition of Hercules, noting its previous sale price of US$25 million, contrasting sharply with StrikePoint's purchase price of just a fraction of that. This acquisition, according to Newell, involves a large, fully permitted for exploratory drilling oxide gold system that is now being leveraged by StrikePoint towards a maiden resource estimate expected in late 2026. Newell emphasized that despite these promising developments, the broader market has yet to fully recognize StrikePoint's potential. "And the market hasn't caught on," he remarked, adding a speculative "Yet." He characterized StrikePoint (SKP.V) as possessing a unique blend of attributes favorable for investment: "a rare combination: deep-value optionality, a fully permitted oxide gold asset in one of the world's best mining jurisdictions, a proven technical and capital markets team, and a meaningful exploration target on a district-scale land package." Furthermore, Newell highlighted the company's efficient share structure and ongoing drilling activities, suggesting these factors, combined with expected news flow in the near future, set the stage for a speculative turnaround in the company's fortunes. <a href="https://www.stocktitan.net/news/STKXF/strike-point-drills-multiple-gold-silver-intercepts-including-21-34m-mz5itjpyeesa.html" target="_blank" rel="noopener">Stock Titan, reporting on the May 4 release on the same day</a>, noted, "Key intercepts include 21.34 m @ 0.62 g/t Au, 8.6 g/t Ag (H26011) and 13.72 m @ 1.09 g/t Au, 4.6 g/t Ag (H26012). A maiden resource is targeted for Q4 2026. True thickness is undetermined." <h2 style="text-align: center;">Gold Facing Headwinds With a Divided Fed</h2> In early U.S. trading on Monday, spot gold and silver prices experienced declines amid a stronger inflation-risk environment, influenced by a rebound in crude oil prices due to escalating tensions in the Persian Gulf, <a href="https://www.kitco.com/news/article/2026-05-04/spot-gold-softer-thin-trade-oil-rebound-us-iran-uncertainty-cloud-rate" target="_blank" rel="noopener">according to a May 4 report by Kitco News</a>. The trading volume was notably lower than usual due to the closure of major markets in China, Japan, and the U.K. for public holidays. At the time of reporting, spot gold was trading near US$4,570.26 an ounce, showing a decrease of 0.95%, and spot silver was at US$73.953 an ounce, down by approximately 1.86%. The financial markets are currently processing a variety of global manufacturing data, which presented a mixed picture. South Korea's manufacturing PMI for April showed an increase to 53.6, and India's final April manufacturing PMI also rose to 54.7 from 53.9. However, in Europe, the situation was more varied; while France's final manufacturing PMI increased to 52.8 from 50.0, Germany's and the Eurozone's PMIs declined, indicating a softening in manufacturing activity in these regions, the report said. Market participants are also focused on upcoming speeches and surveys from the European Central Bank and comments from Bank of Canada officials. These are being closely watched for insights into how policymakers are balancing the risks of energy-driven inflation with the signs of inconsistent global economic growth. The geopolitical landscape, particularly the ongoing U.S.-Iran conflict, is also impacting market sentiments. Over the weekend and into Monday, oil prices surged as the U.S. initiated a military-supported maritime operation in the Strait of Hormuz to aid stranded vessels, a move that Iran has rejected while still reviewing an American response to a peace proposal. This situation presents a complex scenario for gold prices; geopolitical risks tend to support gold as a safe-haven asset, yet the rising oil prices are heightening inflation concerns, which could dampen hopes for imminent rate cuts. <a href="https://www.kitco.com/news/article/2026-05-04/divided-fed-wont-deliver-gold-boosting-rate-cut-2026-eu-ev-sales-support" target="_blank" rel="noopener">According to another report on Kitco in May 4, this one by Ernest Hoffman</a>, a divided Federal Reserve looks unlikely to stimulate gold demand with a rate cut this year, while silver demand is getting a boost from European EV sales and infrastructure. [OWNERSHIP_CHART-209] <a href="https://vblgoldfix.substack.com/p/goldman-on-the-path-to-5400?utm" target="_blank" rel="noopener">But according to an April 28 post on Goldfix</a>, Goldman Sachs analysts Lina Thomas and Daan Struyven have maintained their optimistic forecast for gold prices, predicting that they will reach US$5,400 per troy ounce by the end of 2026. This projection is based on several factors including ongoing diversification by central banks, a normalization of currently low speculative positions, and anticipated Federal Reserve rate cuts totaling 50 basis points, as expected by their economists. Despite a temporary slowdown in central bank gold purchases in February 2026, which saw only 2 tonnes being bought amid extreme price volatility, Goldman Sachs expects an average monthly purchase of 60 tonnes throughout the year. This expectation aligns with sentiments from a recent Goldman Sachs central bank conference where approximately 70% of participants anticipated an increase in global gold reserves, and about 25% expected them to remain stable. However, the analysts also acknowledge potential short-term risks that could pressure gold prices downward. These include possible continued liquidations if disruptions in the Strait of Hormuz persist, or corrections in the bond or equity markets. Notably, they mention that much of the gold positioning and call option overhang has already been cleared, which might mitigate some of the downward pressure. <h2 style="text-align: center;">Ownership and Share Structure2</h2> Executive Chairman Shawn Khunkhun holds 0.19% of the company, President and CEO Allen holds 0.98%, Director Ian Richard Harris holds 0.04%, and Director Adrian Wallace Fleming holds 0.01%. Just over 1% is held by insiders and management, and Mining financier Eric Sprott owns about 5% through his company, 2176423 Ontario Ltd. The company has 62.39 million shares in circulation and a market capitalization of CA$11.23 million. It trades within a 52-week range of CA$0.08 to CA$0.34. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>StrikePoint Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of StrikePoint Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <ol> <li>Disclosure for the quote from the John Newell article published on August 11, 2025</li> </ol> <ol> <li>For the quoted article (published on August 11, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. <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=31120"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31120" width="0" height="0"> ( Companies Mentioned: SKP:TSX.V; STKXF:OTCQB, ) SKP:TSX.V; STKXF:OTCQB Mon, 04 May 2026 00:00:00 PST Gold Explorer Discovers Significant Quebec Gold Expansion, Over 100,000 Meters Still Unexplored https://www.streetwisereports.com/article/2026/05/04/gold-explorer-discovers-significant-qubec-gold-expansion-over-100-000-meters-still-unexplored.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/gold-explorer-discovers-significant-qubec-gold-expansion-over-100-000-meters-still-unexplored.html?utm_medium=feed">Streetwise Reports 05/04/2026</a> Radisson Mining Resources Inc. (RDS:TSX.V; RMRDF:OTCQB) hits high-grade gold in Quebec, extending mineralization at its flagship O'Brien project.Radisson Mining Resources Inc. (RDS:TSX.V; RMRDF:OTCQB) announced on May 4, 2026, <a href="https://www.newsfilecorp.com/release/295118" target="_blank" rel="noopener">results from 16 new drill holes</a> at its 100%-owned O'Brien Gold project in the Abitibi region of Québec, Canada. <a href="https://www.newsfilecorp.com/release/295118" target="_blank" rel="noopener">Highlights include</a>: <ul> <li>OB-26-384, the deepest hole ever drilled at the O'Brien Gold Project, intersected 4.54 grams per tonne ("g/t") gold ("Au") over 12.0 meters (core length) including 16.85 g/t Au over 1.0 meter and including 12.87 g/t Au over 1.0 meter and 7.21 g/t Au over 2.0 meters including 9.91 g/t Au over 1.0 meter;</li> <li>OB-25-378W2 intersected 5.96 g/t Au over 6.9 meters, including 8.77 g/t Au over 3.7 meters, and 11.65 g/t Au over 1.5 meters, and 8.77 g/t Au over 1.3 meters;</li> <li>OB-26-385W1 intersected 20.39 g/t Au over 1.5 meters and 16.61 g/t Au over 1.5 meters;</li> <li>OB-26-385 intersected 4.13 g/t Au over 4.7 meters, including 15.29 g/t Au over 1.0 meters and 5.55 g/t Au over 1.2 meters</li> </ul> Today's release showed significant gold intercepts in the new pilot hole OB-26-384 at 1.9 kilometers, which is the deepest hole ever drilled at the project. These results are part of a larger 140,000-meter step-out drill program to extend mineralization beyond the company's March 2026 Mineral Resource Estimate (MRE). In reference to drill results, Matt Manson, President and CEO of Radisson, said, "Since late 2024, we have been engaged in an aggressive 140,000-meter program of step-out drilling at the O'Brien Gold Project with the objective of testing the full scope of mineralization down to a 2-kilometer floor. Drill results reported through the course of 2025 and early 2026 confirmed the presence of an increasingly significant, high-grade gold vein system beneath the historic O'Brien mine workings and below the modern mineral resource area. On March 2 we published an interim update to the Project's Mineral Resource Estimate with a meaningful 82% increase in Inferred Mineral Resources based on the drilling completed to that date. Now, we are reporting additional high-grade results that extend the scope of mineralization further still. The headline result is from new pilot hole OB-26-384, the deepest drill hole ever completed at the Project, which has returned multiple high-grade intercepts of gold in classic vein settings at 1,900 meters vertical depth, a full 350 meters below the current limit of mineral resources in this area." Manson continued, "Overall, seven out of seven holes completed in the central 'O'Brien' and 'East O'Brien' target areas have returned intercepts with thicknesses and gold grades consistent with the Project's mineral resources, giving an overall success rate of 79% for the step-out drilling completed to date. A fence of nine shallow holes in the lower-priority "Thompson-Cadillac" area have confirmed the extension of the Project's mineralizing system west of the historic mine, albeit at lower average grades. Looking forward, seven drill rigs are active at the Project, with twenty-two additional holes completed or in progress, thirteen of which have returned visible gold intercepts." Radisson Mining Resources Inc. is a Canadian gold exploration focused on its O'Brien project located in the Bousquet-Cadillac mining camp in the renowned Abitibi area. <h2 style="text-align: center;">Gold's Future Looking Bright</h2> On May 4, 2026, Ben Pirie and Nicholas Cortellucci, CFA, for Atrium Research, weighed in on the current metals market, arguing that the market is slightly down due to the ongoing conflict between the U.S. and Iran. They wrote, " The war-driven surge in energy and higher inflation levels have reset rate-cut expectations, which is technically a headwind for gold, yet the metal held its ground. With that said, we remain in a fundamentally new price environment for precious metals versus this time last year, a reality that came into clear focus with Q1 earnings reported this month." They went on: "Gold was down 1.2%, silver was down 1.9%, and copper extended gains, rising 6.7%. Gold and silver mining equities fell alongside the underlying metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while the COPX was up 4.2%. The TSX gained 3.7% on the month, while the S&P 500 was up 10.7%, as miners underperformed the broader indexes." There is some evidence that the U.S. dollar is holding strong, even among slight dips. On May 3, <a href="https://www.cnbc.com/2026/05/04/gold-eases-as-inflation-jitters-iran-war-cloud-us-rate-outlook.html" target="_blank" rel="noopener">CNBC reported that Han Tan, Chief Market Analyst at Bybit, said</a>, "The dollar edged higher against peers, ⁠making dollar-priced bullion more expensive for other currency-holders. Gold is likely to remain sensitive to the &zwnj;ever-fluid geopolitical landscape, which in turn frames the global inflation outlook." The article goes on to assert that gold is still expected to be higher by the end of 2026 than by the end of 2025, which was already at an all-time high. In a price comparison, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-and-silver-prices-today-monday-may-4-gold-and-silver-down-this-morning-after-project-freedom-announcement-110939701.html" target="_blank" rel="noopener">Yahoo Finance listed the recent prices of gold</a> as follows: -1.4% one week ago, -2.5% one month ago, and +43.4% from one year ago, showing a strong upward trend. <h2 style="text-align: center;">Valks Calls Results 'Persistent'</h2> On April 30, 2026,<a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/outcrop-silver-radisson-mining-aztec-minerals-sell-in-may/#rm" target="_blank" rel="noopener"> Jeff Valks of The Gold Advisor wrote about Radisson's release</a>, celebrating the deep drill results and saying, "These are classic Abitibi-style vein hits — narrow, repeatable, and persistent at depth." [OWNERSHIP_CHART-7085] In regard to the stock price, Valks wrote, "On the US chart, the stock is up 10% as I write — and given a series of strong updates, the stock has climbed to a 260% return in the last year. That said, it's still a 'Buy' on dips. I hold a long position; [my colleague] Jeff Clark maintains an overweight position with no plans to sell." <h2 style="text-align: center;">Over 100,000 Meters of Drilling Planned</h2> According to its <a href="https://radissonmining.com/wp-content/uploads/2026/04/RDS_Presentation_April-30-2026.pdf" target="_blank" rel="noopener">investor presentation</a>, the company has budgeted for 72,000 meters of exploratory drilling at O'Brien through 2026, as well as an additional 32,500 meters in the first half of 2027. Radisson is also working on environmental baseline data for future permitting and planning additional engineering studies to optimize mine plans. <h2 style="text-align: center;">Ownership & Share Information1</h2> Radisson Mining Resources Inc. has a market cap of CA$499.15 million, with 434.04 million shares outstanding. The company's 52-week range is CA$0.30-CA$1.18. Institutions own 10.60% of shares, and Management & Insiders own 6.65%. The remaining 82.75% 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=31119"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31119" width="0" height="0"> ( Companies Mentioned: RDS:TSX.V;RMRDF:OTCQB, ) Mon, 04 May 2026 00:00:00 PST Are Copper Stocks Poised for Big Gains Amid Global Grid Crisis? https://www.streetwisereports.com/article/2026/05/04/are-copper-stocks-poised-for-big-gains-amid-global-grid-crisis.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/are-copper-stocks-poised-for-big-gains-amid-global-grid-crisis.html?utm_medium=feed">Ron Struthers 05/04/2026</a> Ron Struthers of Struthers' Resource Stock Report reveals a stealth copper bull market fueled by AI data center demand and grid upgrades driving massive shortfalls.There has been a lot of attention for resource investors on the war and energy, as well as the gold and silver correction, while copper has been in what I call a stealth bull market. It is not getting much attention. This is a weekly Comex chart, and there was a one-day spike at the end of January, but copper made new closing highs on the weekly chart in April. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265464811_1.png" alt="" width="1000" height="705" /> <a href="https://europeanbusinessmagazine.com/technology-data-centre-power-crisis-ai-growth-2026/" target="_blank" rel="noopener">According to European Business Magazine</a>, as of April 2026, approximately half of all planned U.S. data center builds this year are projected to be delayed or canceled outright because the electrical grid cannot support them. The data center power crisis reframes the entire AI investment narrative in ways that European policymakers and institutional investors have not yet fully absorbed. Of around 140 large-scale data center projects representing approximately 12 gigawatts of power planned to go live in the US in 2026, only a third are under construction. The problem compounds further into 2027. The specific choke point is electrical components — transformers, switchgear, and batteries that are essential to every data center build. Delivery of high-power transformers took 24 to 30 months before 2020. Waiting periods can now stretch to as long as five years. Enormous amounts of copper will be needed to upgrade the power grid. The amount of copper in just the transformers is massive. A standard 500 kVA power transformer typically contains between 290 kilograms and 360 kilograms (approx. 640 to 795 pounds) of copper and a <a href="https://elecbase.net/how-much-load-can-a-250-500-1000-kva-transformer-handle/" target="_blank" rel="noopener">1000 kVA Transformer</a>, approximately 550-630 kg. Most investors are unaware of the huge copper shortage that is about to evolve and the resulting high prices. Our copper stocks are a mixed bag, but most are still affected by the recent correction. <h2 style="text-align: center;">Element 29 </h2> Recent Price - CA$1.30 Entry Price - CA$0.63 Opinion - Hold Element 29 Resources Inc. (ECU:TSX.V; EMTRF:OTC) took advantage of robust markets and closed a large non-brokered private placement and issued 32,245,269 common shares of the company at a price of CA$1.10 per share for aggregate gross proceeds of CA$35,469,796. Richard Osmond, president and chief executive officer, stated: "We would like to thank our existing shareholders for their continued support, and we are pleased to welcome Alpayana SAC, led by chair Alejandro Gubbins, as a new strategic investor with a 9.9-per-cent interest in the company. Alpayana has a long history of mining in Peru, with a strong track record of value creation and deep in-country operational expertise. We are also pleased to welcome Randy Smallwood into the financing. Together, their participation represents a strong endorsement of the company and our Peru copper portfolio, strengthening our technical and financial position as we advance our projects toward potential Tier 1 discoveries in a world-class mining jurisdiction." Funds will be used to fund their advanced Peru projects. The last drill results at Elida continue to return long intervals of Cu-Mo-Ag mineralization beginning near surface, highlighting potential for further resource expansion. Reported intercepts represent downhole lengths; true widths are not known at this time. Highlights – ELID041 <ul> <li>7 m grading 0.38% CuEq2 (0.31% Cu, 0.02% Mo, and 2.22 g/t Ag), from 29.8 meters ("m") depth</li> </ul> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265465029_2.png" alt="" width="1000" height="653" /> It looked like the stock was going to break above CA$1.40, but failed to do so. <h2 style="text-align: center;">Midnight Sun </h2> Recent Price – CA$1.22 Entry Price - CA$0.27 Opinion - Hold Haywood put an update out on Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB) last week. Here are a few highlights of their report: MMA has broken through the backlog of assays and could have drill results this week on about 29 holes. There remains a large backlog of holes to assay and release results, with 46 more holes in process at SGS Labs in Zambia. There have been persistent QA/QC issues with the core samples submitted to SGS labs in Zambia, so MMA is transitioning its Dumbwa core for assays to Intertek Testing Services in Perth, Australia. The company has already worked with Intertek for metallurgical testing at Dumbwa, so MMA is expanding that relationship. Drilling with four rigs is proceeding well, having covered 5.3km of strike length at Dumbwa to date, which is mostly mineralized. MMA drillers have now collared hole #200. In addition to the drilling along the north-south strike, MMA is planning 20 holes to the east of the main trend. MMA expects to finish drilling this summer to define a footprint of ~12km long by 400m wide. MMA's plan is to release an initial resource on the project by 4Q26, based on drilling over ~8km of strike. In general, MMA estimates that the deposit contains approximately 100Mt of ore per kilometer of strike length, so based on the expected amount of drilling, Haywood believes the resource could be in the range of 700Mt grading 0.4-0.5% Cu to a depth of 175m. MMA has initiated discussions for the sale of its Kazhiba Main Oxide Copper Deposit, which contains a resource of 2.33Mt of Indicated mineral resources grading 1.41% copper at a cut-off of 0.10 % Cu over all rock type categories, for 72.3Mlbs of contained copper within ore that is near surface, unconsolidated, and leachable. Haywood believes this asset, located within 10km of the Kansanshi SX-EW mill, which currently treats oxide ore from the Kansanshi mine, could be sold for ~CA$60M by mid-year. For now, MMA has CA23.5M in cash, with another CA$18M of in-the-money warrants that expire in May 2027. It sounds like the last half of 2026 will be very exciting for MMA. We were fortunate with timing to take profits at CA$1.95 and are now just holding as the project advances. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265465224_3.png" alt="" width="1000" height="653" /> <h2 style="text-align: center;">Capstone </h2> Recent Price - CA$11.26 Entry Price - CA$5.90 Opinion - Hold Last week, Capstone Copper Mining Corp. (CS:TSX) reported Q1 results with consolidated total contained copper production for Q1 2026 was 47,960 tonnes at C1 cash costs of CA$2.66/lb, Net income attributable to shareholders of CA$102.5 million, or CA$0.13 per share for Q1 2026. CS had record adjusted net income attributable to shareholders of CA$94.8 million, or CA$0.12 per share, for Q1 2026 and record adjusted EBITDA of CA$329.1 million for Q1 2026 compared to CA$179.9 million for Q1 2025, primarily due to higher realized copper prices and supported by stronger gold and silver prices. Operating cash flow before changes in working capital of CA$217.9 million in Q1 2026, compared to CA$166.1 million in Q1 2025. 2026 production guidance of 200,000 to 230,000 tonnes of copper and C1 cash cost guidance of CA$2.45 to CA$2.75 per payable pound of copper is unchanged. 2026 capital expenditure, capitalized stripping, and exploration expenditure guidance is also unchanged. CS continues to monitor and manage the impacts stemming from the conflict in the Middle East. To date, they have not experienced any inventory or operational impacts, but cost pressures, notably from higher diesel and sulfuric acid prices, represent a headwind. CS estimates that for every 10% that the oil price is above US$60, it will add about 2 cents per pound copper in costs. The stock corrected with the war correction, as copper corrected at first and then recovered. Copper seems to be torn between high demand with electrification and demand cuts if the war causes a recession and/or manufacturing slow down. It's strange that the rest of the market is ignoring a growth slowdown. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265465424_4.png" alt="" width="1000" height="653" /> <h2 style="text-align: center;">Zonte Metals</h2> Recent Price - CA$0.10 Entry Price - CA$0.09 Opinion – Strong Buy Zonte Metals Inc. (ZON:TSXV; EREPF:OTC) is probably the best buy among our copper explorers because of a unique situation. The stock corrected with the market in February/March but was hit with a lot of additional selling pressure. This is the warrant list from the last financials, and we can see there were about 6 million in cheap 11 to 15-cent warrants set to expire in April and May 3 (this weekend). The warrants were from past financings, and this put significant downward pressure on the stock. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265465529_5.png" alt="" width="611" height="219" /> I don't know how many got exercised before the stock plunged, but the important thing, there is no more pressure on the stock. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265465545_6.png" alt="" width="1000" height="653" /> On the chart, there is strong support around 9 cents, so probably little downside from here. The stock was oversold with RSI (not shown here) dipping under 25 on the down move. Now that selling pressure from the cheap warrants is over, I expect the stock to start recovering to the 20-cent area. This is a very good buying opportunity. <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 Midnight Sun.</li> <li><a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener"></a>Ron Struthers: I, or members of my immediate household or family, own securities of: Zonte and Midnight Sun. 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=31117"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31117" width="0" height="0"> ( Companies Mentioned: CS:TSX, ECU:TSX.V; EMTRF:OTC, MMA:TSX.V; MDNGF:OTCQB, ZON:TSXV; EREPF:OTC, ) Mon, 04 May 2026 00:00:00 PST Biotech Co. Faces Mounting ELEVIDYS Efficacy Risk as Roche Phase 3 Study Threatens US Franchise https://www.streetwisereports.com/article/2026/05/04/biotech-co-faces-mounting-elevidys-efficacy-risk-as-roche-phase-3-study-threatens-us-franchise.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/biotech-co-faces-mounting-elevidys-efficacy-risk-as-roche-phase-3-study-threatens-us-franchise.html?utm_medium=feed">Mitchell Kapoor 05/04/2026</a> H.C. Wainwright analysts argue that Roche's new placebo-controlled Phase 3 study of ELEVIDYS, while aimed at reopening the European market, creates significant downside risk for Sarepta Therapeutics Inc.'s (SRPT:NASDAQ) core U.S. ambulatory business by potentially generating another failed NSAA readout.On April 16, 2026, Mitchell S. Kapoor and Raghuram Selvaraju, Ph.D. of H.C. Wainwright & Co. reiterated a Sell rating and US$5.00 price target on Sarepta Therapeutics Inc. (SRPT:NASDAQ), implying approximately 77% downside from the April 15, 2026 closing price of US$21.73, following Roche's (RO.SW; not rated) announcement of a new placebo-controlled Phase 3 study of ELEVIDYS that the analysts believe creates meaningful downside risk for Sarepta's core U.S. franchise. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Roche Study Reopens Efficacy Debate</h2> The analysts argue that while Roche's new randomized study is ostensibly aimed at reopening the European market for ELEVIDYS, it creates a fresh efficacy risk for Sarepta's most important revenue driver — U.S. ambulatory ELEVIDYS sales. The EMBARK study previously missed its primary endpoint, the North Star Ambulatory Assessment (NSAA), and the European Committee for Medicinal Products for Human Use (CHMP) subsequently rejected the European regulatory package, concluding that the marginal NSAA benefit observed may have been due to chance and that truncated dystrophin could not be linked to improved movement abilities. An FDA reviewer similarly noted that because the NSAA result at Week 52 was not statistically significant, Study 301 Part 1 failed to verify benefit, and that secondary endpoints were therefore subject to inflated Type 1 error. With Roche now conducting another placebo-controlled test of the same endpoint, the analysts believe the setup is unfavorable for a clean reversal, given the prior randomized study's failure on NSAA. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">External Control Narrative Under Pressure</h2> The analysts highlight that after the one-year placebo crossover ended the internal randomized control, Sarepta has increasingly relied on a propensity-weighted external control to support its long-term efficacy story. The firm contends this external control fails a critical validity check, noting it does not behave like EMBARK's own placebo arm at Year 1. Should Roche's new study again fail to demonstrate a clean NSAA benefit, the analysts believe Sarepta would have significantly less room to argue that non-randomized comparisons can rescue a therapy that has repeatedly struggled to deliver statistically significant placebo-controlled proof on its core functional endpoint. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Commercial Strategy and Revenue Outlook</h2> Sarepta's central commercial effort in 2026 is focused on rebuilding U.S. ambulatory demand, relying more heavily on long-term EMBARK follow-up data and external control comparisons. The analysts project total revenue will decline to US$1.75 billion in 2026 from US$2.20 billion in 2025, with ELEVIDYS product revenue expected to fall sharply to US$355.2 million from US$898.7 million in 2025. Non-ELEVIDYS product revenue is expected to remain relatively stable at approximately US$945.0 million. The analysts project diluted EPS of US$4.15 for full-year 2026, compared to a loss of US$7.13 per diluted share in 2025. <h2 class="font-claude-response-body break-words whitespace-normal leading-[1.7]" style="text-align: center;">Valuation and Risks</h2> The analysts' US$5.00 price target is derived from a discounted cash flow analysis employing a 12% discount rate and a 2% terminal rate of decline, with projections running through 2045. After accounting for estimated end-2026 cash of approximately US$1.5 billion and debt of approximately US$800 million, the firm arrives at an equity valuation of US$618 million. As of April 15, 2026, Sarepta's market capitalization stood at approximately US$2.28 billion, with cash of US$940.7 million and total debt of US$829.0 million on its balance sheet. The analysts assign 100% probability of approval to ELEVIDYS, Amondys 45, Exondys 51, and Vyondys 53. Key upside risks cited include the possibility that the FDA reverses course on ELEVIDYS approval status in non-ambulatory patients, that Sarepta generates data supporting a path forward for ELEVIDYS in patients not susceptible to acute liver injury or liver failure, and additional favorable clinical data from development-stage assets. <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., Sarepta Therapeutics Inc., April 16, 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: Sarepta Therapeutics, Inc. (SRPT-US) as of 04-15-2026 200 150 100 50 0 Q1 Q2 Q3 2024 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 Q1 Q2 D:UR:NA 10/08/20 I:SELL:$80.00 11/25/24 SELL:$75.00 12/02/24 NEUTRAL:$75.00 04/02/25 NEUTRAL:$40.00 05/07/25 SELL:$10.00 06/16/25 SELL:$0.00 07/21/25 SELL:$5.00 07/29/25 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 15, 2026 IB Service/Past 12 Months Ratings Count Percent Count Percent Buy 556 82.99% 162 29.14% Neutral 62 9.25% 10 16.13% Sell 2 0.30% 0 0.00% Under Review 50 7.46% 16 32.00% H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer. I, Mitchell S. Kapoor 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 Sarepta Therapeutics, 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 Sarepta Therapeutics, 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. H.C. WAINWRIGHT & CO. EQUITY RESEARCH 4 This report is intended for kdelbuono@streetwisereports.com. Unauthorized distribution prohibited. Sarepta Therapeutics, Inc. April 16, 2026 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 Sarepta Therapeutics, 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 Sarepta Therapeutics, 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=31116"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31116" width="0" height="0"> ( Companies Mentioned: SRPT:NASDAQ, ) Mon, 04 May 2026 00:00:00 PST The Bubble is Back! https://www.streetwisereports.com/article/2026/05/04/the-bubble-is-back.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/the-bubble-is-back.html?utm_medium=feed">Michael Ballanger 05/04/2026</a> Michael Ballanger of GMM Advisory Inc. warns markets are in a bubble as the Shiller CAPE hits 40, while spotlighting a copper junior's massive 5 km Chilean anomaly.As I write this missive, we have just entered into the six most dangerous months of the year after experiencing the ninth best month for performance in five decades. The S&P 500 closed up 9.75% in the month of April, with the NASDAQ registering its best performance since April 2020, up 15.29%. What is surprising is that there have been no surprise stimulus efforts made by either the Fed or the Treasury to substantiate these types of performances. Furthermore, with oil pressing up and through $100/bbl. to close out the month, interest rates have moved higher in anticipation of a resurgence of inflationary pressures, with the 10-year 4.40% and the 30-year knocking on the 5% door, and the Strait of Hormuz remains firmly impassable. You will recall that the original mission in Iran for the American armed forces was to accomplish three things: <ul> <li>Recover nuclear materials used in making weapons</li> <li>Regime change</li> <li>Eliminate Iranian control over the Strait of Hormuz</li> </ul> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265461935_1.jpg" alt="" width="540" height="312" /> To date, none of these objectives have been met — repeat, NONE — and yet the President this afternoon sent a letter to Congress declaring that "Hostilities have ended" with regard to the war. One has to wonder how permanent this "cessation of hostilities" will remain if those tankers two months from now are still unable to secure safe passage through the Strait. This morning I posted chart of the QQQ:US which clearly illustrates how deeply overbought the tech stocks have become, and since the QQQ:US has a unique mix of mainly tech stocks in its portfolio, the resurgence of the Mag Seven has been its driver. Top 10 QQQ Holdings: As of May 2026, the top 10 securities make up approximately 46.7% of the fund's total assets: <ul> <li>Nvidia Corp. (NVDA:NASDAQ): ~9.26%</li> <li>Apple Inc. (AAPL:NASDAQ): ~7.10%</li> <li>Microsoft Corp. (MSFT:NASDAQ): ~5.70%</li> <li>Amazon.com Inc. (AMZN:NASDAQ): ~4.98%</li> <li>Meta Platforms Inc. (META:NASDAQ): ~3.54%</li> <li>Alphabet Inc. Class A (GOOGL:NASDAQ): ~3.64%</li> <li>Alphabet Inc. Class C (GOOG:NASDAQ): ~3.38%</li> <li>Broadcom Inc. (AVGO:NASDAQ): ~3.39%</li> <li>Tesla Inc. (TSLA:NASDAQ): ~3.35%</li> <li>Walmart Inc. (WMT:NYSE): ~3.08%</li> </ul> In fact, of the top ten securities held by this ETF, only Walmart Inc. (WMT) is not a member of the technology sector. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265462035_2.png" alt="" width="624" height="570" /> Also breaking records in the month of April was the Philadelphia Semiconductor Index ($SOX:US), which posted eighteen consecutive record highs in the month. Despite a couple of down days during the last week of the month, it registered a near-record close for the month on Thursday and earlier today hit yet another record high at 10,595.07 before easing off. Every momentum indicator on the board is flashing "overbought" while the folks over at CNBC are trotting out Tom Lee every ten minutes so he can restate his forecast for the semis over and over again, which, to no one's surprise, is "serially bullish". The Shiller CAPE ("cyclically-adjusted price-earnings") ratio is also screaming a warning. As of early May 2026, the Shiller CAPE ratio for the S&P 500 is hovering around 40.24. This level is historically extreme, marking only the second time in the 155-year history of the metric — dating back to 1871 — that valuations have exceeded the 40-point threshold for a sustained period. Current Valuation Context <ul> <li>Historical Average: The long-term mean is approximately 17.3. The current reading represents a 135% premium over this historical norm.</li> <li>Modern Context: Since 1976, the average has been higher at roughly 22.7, but the current ratio remains significantly elevated even by modern standards.</li> <li>Year-over-Year Change: The ratio is up approximately 22.6% from the same time last year, when it sat at 32.62.</li> </ul> So, with momentum off the charts in terms of being "stretched" and valuation now approaching levels not seen since the DotCom bubble, if it looks like a bubble and it acts like a bubble, maybe — just maybe — it is a bubble. A few ETF's are lurking about that can provide investors with decently correlated proxies for lower prices. The one I particularly like is the Direxion Daily Semiconductor Bear 3X (ARCA) ETF (SOXS:US), which one year ago traded 32.5 times higher than today's price at its 52-week high of $423 as compared with the current bid price of $12.93. To put April's moonshot into perspective, one month ago today, it traded at $38.49, nearly triple the current price. Now, as a disclaimer, please be forewarned that these leveraged ETFs have a sneaky habit of eroding in value with the passage of time, so this ETF by no means represents a vehicle for the "BUY-and-HOLD" crowd. It is for traders and should be traded when and if a suitable profit presents itself (which could be never). <h2 style="text-align: center;">Materials</h2> CNBC took great glee in announcing a few minutes ago that the only sector not advancing this week was the Materials sector. The Materials sector (also known as Basic Materials) includes companies "that discover, develop, and process raw materials used as foundational inputs for other industries". That includes the miners which are suffering from a severe hangover brought on by the month-long party they all had in January, led by the premature celebrations of the silver bulls who are still delivering headlines like "The Comex Silver Crisis is Real" and "$309 Silver Right Now: The Forecast that Really Makes Sense " which are mere afterthoughts and in no way come close to Michael Oliver's now infamous "$500 Silver by Summer!" which was retweeted out fifty million times in the days and weeks after silver put in its classic top on January 29. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265462128_3.png" alt="" width="624" height="278" /> I bought the March 20 lows in the GDX:US and GDXJ:US and took profits on the leveraged parts of both trades at the peak of the bounce around mid-April, and now whatever I own is paid for by those trading profits. In the interest of full disclosure, I did not expect the miners to roll over and head down to what now appears to be a re-test of those March lows. In fact, if I were forced to hazard a guess, I would pick mid-late August as a possible turning point for the metals as well as the entire "Materials" group. There will be trades that show up in the miners from time to time, but a series of lower highs and lower lows is never a good space in which to reside. What I don't want to see is the March 20 lows fail to hold because if we break that level, the entire precious metals complex will be in jeopardy. Since the miners have always led the physical metals in terms of trend change, I would shudder violently if those March lows are taken out. It isn't just that the miners will all be headed lower, but it will cast a dark shadow on the January highs in that traditional technical analysis would have to shed a revisionist light on silver's bubble-like ascent to $121 per ounce and gold's awesome march to $5,626. The PM-bashers led by the crypto-gang are already pointing to the January 29th reversal as the beginning of the bear market in gold and silver, but from where I am perched, gold shows zero evidence of a bear market arrival. Silver's reversal of 48% from the January highs to its nadir a week later, around $62, is a different story and topic of fierce debate, as it is tough to view the last three months as anything but the early stages of a bear market. The sideways "chop" we have seen in both gold and silver has provided little in the way of clues as to the next major move, which is, by the way, in contrast to the action in copper, which has been grinding higher since it put in its low around $5.23 back in early February. I see no evidence of any disruption in the copper bull whatsoever, and continue to accumulate copper juniors with advanced exploration projects and established resources, with particular and honorable mention going to Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB). <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265462154_4.jpg" alt="" width="623" height="857" /> The company released results of their helicopter-borne MobileMT airborne electromagnetic and magnetic survey ("MobileMT") completed by Expert Geophysics Services Inc. ("EGS") on Wednesday, with the highlight being that 5 km. wide anomaly shown in the graphic posted above. I was explaining to subscribers the significance of the upcoming deep IP survey to be carried out this month, as it was explained to me by CEO Merlin Marr-Johnson, with the assumption being that this anomaly will carry "chargeability," which is a characteristic of sulphides associated with porphyry copper deposits. An IP survey will confirm "chargeability" and as I wrote in my email alert on Thursday, "I realize that this is a lot of information to absorb, especially for subscribers that are relatively new to the world of mineral exploration, but this IP survey will almost completely rule out other 'chargeable' materials, leaving the most likely material as "sulphides". Given that Fitzroy has already identified copper-moly-gold sulphides on the fringes of the system, the odds are that any big chargeability anomaly will have Cu-Mo-Au in the sulphides mix. In short, Cu-Mo-Au-bearing sulphides associated with a porphyry are precisely what FTZ/FTZFF expect to find when they drill this target in the Fall. The IP survey will increase our odds of discovery which is why I am telling you. If this beast carries "chargeability", I will add aggressively to my position." The results of the IP survey should be out by the end of the month or very early June, with the drill program commencing sometime in September, after the start of the Chilean springtime and the Andean snow has melted. In the interim, the stock is down some 39% from the January 28th high of CAD $.73 and represents an outstanding opportunity for the aggressive investor/speculator. <h2 style="text-align: center;">Canadian Markets</h2> Canadian markets are shrugging off all kinds of negative economic data, but they have yet to eclipse the March peak, with the TSX Composite Index well off the record high recorded on March 2nd (the second day of PDAC). The TSX Venture Exchange, which houses the vast majority of junior resource issues in North America, is faring not-so-well as it is now 15.5% off the record high recorded on January 26th, three days before the blow-off top in gold and silver. Canada is suffering from many things these days, not the least of which is the fact that most of the wealth in the country is now centered solely in residential real estate. The reason for this is that the baby-boom generation (of which I am a card-carrying member) has a vested interest in keeping the bubble inflated. Most of my wealthy male friends who have survived intact with the same wife of fifty or sixty years have been totally content to own the Canadian bank stocks and the house they bought in 1985 for $300k, followed by the cottage in Muskoka they bought for $250k in 1988, because that is the only equity they have in their entire 65-75 years on the planet. If the Government of Canada were to impose a hefty tax on second properties or on primary residences, the price of a normal house would drop by a hefty 50% overnight. The realtors I speak with in the local area (which is NOT the Greater Toronto Area) are bleeding from the eye sockets because no one is buying OR selling. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265462239_5.png" alt="" width="624" height="570" /> The sellers are "forced sellers" because they bought at the top, banking on a "flip" and after three years of waiting for the "ten bidders above asking price" for their million-dollar "fixer-upper", they are now six months behind on their payments and their lender has finally been forced to foreclose. This phenomenon is only going to increase as time goes by, as the regulators are finally forced to lower the boom on the lenders and finally mark their loan portfolios to the real market rather than the expected market of the former bubble. Canadian residential housing is the true definition of the term "bubble". Hong Kong residents looked at Vancouver in the 1960's and determined that it would be a better place to sow long-term roots than an island soon to revert to Mainland China so they moved their wealth and their families to Vancouver in droves and as long as they met the "Landed Immigrant" rules which included a net worth of in excess of $250,000, they came in with billions of Asian dollars, converted them to loonies and two-nies and inhaled every property in West and North Vancouver with reckless abandon. Even East Vancouver became the favorite point of RE speculation, such that houses such as the one shown here became tokens in the shell game of Vancouver property flipping. The young family raised in Burnaby by parents of modest means was forced to vacate the basement of the family home and relocate to Kelowna, Surrey, or Penticton, not to find a job but simply to afford a roof over the heads of their young family members. The issue of "suitable employment" becomes a non-starter and defaults to a demand and dependence upon "government subsidy" in order to survive. This is exactly the fault of the generation that earned modest incomes for the majority of their lives, which gave their bank-owned government the God-given right to inflate the money supply in order to inflate the real estate market, only because their only real asset was the home in which they lived and/or the cottage to which they traveled in the summer. Today, those assets are egregiously over-valued, over-priced, and over-hyped, not only by the realtors trying to sell them, but by the banks whose loans are collateralized by the assets. <img class="float_left" src="https://www.theaureport.com/images/auto_up/20265462317_6.png" alt="" width="339" height="317" />Now that the pin has touched the outer membrane of Canada's real estate "bubble", the banks are turning in panic to the government for a bailout because they realize that there is no bailout coming. The "boomers" no longer control the voting booth, and the kids know it. When the next election rolls around, housing "affordability" will be at the top of the "issues" agenda, and that means that either wages are going to be allowed to rise, or those with second and third houses as "investment properties" are going to be taxed into insolvency. The main driver of the Canadian economy since the 1950's has been construction and real estate as the young and exceedingly sparse population of post-WWII was allowed to grow through mass immigration, much of it from members of the Commonwealth and of course, Hong Kong, whose ownership slipped from British rule in 1997. The banks were the primary beneficiaries of this wave of population growth, but it wasn't until the GFC in 2008 and the subsequent opening of the money-printing Bank of Canada spigot after the COVID pandemic that demand for housing exploded, taking the benchmark price through the proverbial roof. While prices are cooling, the mortgage exposure to the Big Five Banks is substantial and that does not include Commercial Real Estate in the discussion. There was never a reason that a country as vast as Canada should have ever experienced a housing shortage but since the banks have had a stranglehold on Canadian politics from Day One, the growth of their mortgage books has been an enormous source of revenue and profits. There are not very many young families that can afford the down payment to begin with, and if they are fortunate enough to have parents who can pony up the cash for the down payment, the young family is stuck with paying interest to the banks for the better part of their time on the planet. If the banks had zero exposure to the underlying collateral (housing prices) you can wager your retirement savings plan that house prices would never have reached the dizzying heights of 2023. The good news is that the global commodity cycle has turned, with demand for metals critical to the growth of electrification and the "AI" wave now being sought after. Canada is a veritable warehouse of critical metals, and while it has enjoyed a long and venerable history as a country of miners and oil drillers, we have not seen the kind of prospecting activity in decades that has been developing recently. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265462332_7.png" alt="" width="624" height="278" /> We need a shift in attitudes at the governmental level in order to protect and promote the commodity boom, but I dare not delve into politics as it is not exactly my chosen field of endeavor. As for the Canadian currency, there has never been a commodity cycle that did not see the loonie advance against the U.S. greenback, which means investing in Canadian companies if you are a primary user of U.S. dollars should provide a firm tailwind. The S&P/TSX Composite Index (formerly the "TSX 300") has a 35.5% weighting in resource companies with roughly 18% Energy and 17.5% Materials (commodities). As such, the upcoming commodity cycle is going to provide support for the index. As for the S&P/TSX Venture Composite (formerly the "TSX Venture Exchange"), it has a 66.2% weighting in resources, with Materials at 49% and Energy at 17.2%. Accordingly, if you are a metals bull, the TSXV is where you will get the biggest bang for your buck when the commodities cycle kicks into gear. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20265462358_8.png" alt="" width="624" height="278" /> Demand for all metals associated with electrification and technology is growing into a global battlefield, with the Americans late to the party while China has been making inroads (as in "deals") throughout Africa and South America for the past two decades. Now that American leaders have woken up, they are moving with rapier-like speed to streamline the permitting process for new mineral projects so as to remove any and all shreds of dependence upon Chinese domination (i.e., "vulnerability"). The move to replace Venezuelan leadership was a clear statement to the Chinese that the Western Hemisphere is not going to become their playground when it comes to energy and raw materials. My portfolio is centered around the theme that two metals will be front and center for the rest of this decade. Gold is the metal that prevents me from getting "debased" by the profligate explosion of the monetary base in most of the G7 nations, while copper is the metal that is in structural deficit while experiencing unfathomable increases in demand due to both electrification and technology ("AI"). Both of these metals dominate the junior explorers and developers that populate the S&P/TSX Venture Composite, and it is the juniors that make all of the new discoveries around the world, a phenomenon dating back to the 1980's. Since the leverage is in the juniors, a portfolio of well-researched junior explorers and developers is well-positioned for the wave of exponential growth that will occur before this next commodity cycle has run its course. Lastly, the events of the past two months in the Middle East will be seen as a mere hiccup in this burgeoning commodity cycle, and I view weakness in gold and copper as one of the truly great investment opportunities of the last fifty years. It is time to look beyond the war; it is time to look at your list of investments. It is time to move… <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 Apple Inc., Tesla Inc., Amazon, Alphabet Inc. Class C, and Fitzroy Minerals Inc. </li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Fitzroy Minerals Inc. 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=31115"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31115" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, ) Mon, 04 May 2026 00:00:00 PST Gold Project Nears Key Milestone as Construction Hits 70% https://www.streetwisereports.com/article/2026/05/04/gold-project-nears-key-milestone-as-construction-hits-70.html Source: <a href="https://www.streetwisereports.com/article/2026/05/04/gold-project-nears-key-milestone-as-construction-hits-70.html?utm_medium=feed">Streetwise Reports 05/04/2026</a> Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) reported its Cuiu Cuiu heap leach project is approximately 70% complete, with commissioning expected in Q3 2026 and commercial production targeted for Q4 2026.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) reported <a href="https://cabralgold.com/cabral-gold-advances-construction-of-cuiu-cuiu-gold-in-oxide-heap-leach-project-transitions-to-plant-erection-phase-remains-on-schedule/" target="_blank" rel="noopener">that construction of its phase 1 gold-in-oxide heap leach project at the Cuiu Cuiu gold district in Brazil is approximately 70% complete, with 85% of project costs committed under contract. </a>The company stated the project remains on budget and on schedule for plant commissioning in the third quarter of 2026 and commercial production in the fourth quarter of 2026. The company indicated that critical equipment, including the adsorption, desorption, and recovery plant and the mineral sizer, is currently in maritime transit and is expected to arrive ahead of schedule. Construction teams have worked a total of 255,960 hours during 2026 with a lost-time incident rate of zero. A total of 324 employees and contractors are currently on site, all of whom are Brazilian, with approximately 42% from the state of Para. Cabral reported that major earthworks and civil foundations, including plant foundations, pad layout, and pond excavations, have been completed. This marks the transition from ground preparation to plant erection and equipment installation. Construction of the ore processing section and dry circuit is underway, while lining of solution collection ponds and construction of the carbon-in-column circuit have also commenced. The company also noted that the new mine camp and project offices were commissioned in early April, with accommodation capacity for 160 personnel and office space for 40 staff. Infill drilling at the MG oxide starter pit has been completed, with results supporting earlier prefeasibility study assumptions. <a href="https://cabralgold.com/cabral-gold-advances-construction-of-cuiu-cuiu-gold-in-oxide-heap-leach-project-transitions-to-plant-erection-phase-remains-on-schedule/" target="_blank" rel="noopener">Alan Carter, president and chief executive officer, said in a company news release</a>: "Construction of our phase 1 gold-in-oxide heap leach project at Cuiu Cuiu continues to progress, and remains on budget and on schedule for commercial gold production during the fourth quarter of this year." He added that "the erection of both the dry and wet plant processing facilities are now in progress" and that commissioning is now planned to begin in June 2026. The company stated that the adsorption, desorption, and recovery plant was dry commissioned in Perth, Australia, before being disassembled and shipped, with arrival expected in Brazil in late May. Components of the mineral sizer sourced from Germany are expected to arrive by early May. Cabral also reported that it has engaged Strategic Metallurgy Pty. Ltd. to oversee plant commissioning, while Como Engineering will retain responsibility for final on-site commissioning of the adsorption, desorption, and recovery plant. The commissioning program is expected to occur in two phases, beginning with the dry circuit and ore leaching, followed by processing of pregnant solution and gold recovery. <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:98fab188-1175-4450-874b-7db3d4792ba0-3" data-testid="conversation-turn-8" 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="ebe0694e-ceda-4ff0-9ecc-bdca08309479" 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="426">Rising Demand, Central Bank Buying, and Strong Pricing Support Gold Sector Activity</h2> According to the April 30 edition of the newsletter What's Chen Buying? What's Chen Selling?, Chen Lin wrote that "hot money is leaving gold and silver, especially silver for somewhere else," while noting that "this is good for gold and silver in the long term." He added that "China has been the persistent buyer of gold and silver," and stated that "most importantly, gold and silver miners are making a killing at the current prices." Chen Lin also wrote that "my base case is gold and silver to consolidate over the summer," while reiterating that he was "continuing investing in miners." <a href="https://stockhead.com.au/resources/gold-digger-is-us8000-really-on-the-cards/?utm_source=feedotter&utm_medium=email&utm_campaign=FO-05-01-2026&utm_content=httpsstockheadcomauresourcesgolddiggerisus8000reallyonthecards&utm_medium=email&utm_campaign=CB%20May%201&utm_content=CB%20May%201+CID_21ad96bcf0ddff0fb66d90becd857baa&utm_source=Campaign%20Monitor&utm_term=Gold%20Digger%20Is%20US8000%20REALLY%20on%20the%20cards" target="_blank" rel="noopener">According to a May 1 report from Mining.com, Deutsche Bank analysts Mallika Sachdeva and Michael Hsueh stated that "we argue that the end of history has come to an end," adding that "the ‘return of history' has big implications for gold and the dollar."</a> They wrote that "even in an environment where EM FX reserves decline to US$5 trillion, gold prices could still rise to US$8000 over the next five years, if EM countries all target a 40% gold share." Sachdeva and Hsueh also stated that "gold is now a bigger asset class than the world's main safe asset," adding that "the return of history is here." They further noted that "EM central banks still only hold half the amount of physical gold of developed markets," while describing that "this has, however, been on a steadily rising trend." The same report cited data from the World Gold Council indicating that "record bullion demand for the first quarter of 2026" reached 1,231 tonnes, with gold "setting a record quarterly high of US$4873/oz," and demand rising "74% to US$193 billion" in value terms. It also stated that "central banks were big buyers," with additions of 244 tonnes to global reserves. <a href="http://www.321gold.com/editorials/sfs/hubbartt050126.html" target="_blank" rel="noopener">In a May 1 note from Super Force Signals</a>, Morris Hubbartt wrote that "the junior gold and silver miners look fantastic," adding that "my long-term charts suggest the biggest action lies ahead." </div> </div> </div> </div> </div> </div> </section> <h2 style="text-align: center;" data-start="0" data-end="86">Construction Progress and Development Milestones Support Ongoing Project Execution</h2> <a href="https://thegoldadvisor.com/the-gold-advisor/newsletters/cabral-gold-dallas-moneyshow/" target="_blank" rel="noopener">According to an April 29 report from Dallas MoneyShow, Senior Analyst Jeff Valks wrote that "Cabral Gold's Cuiú Cuiú heap-leach build just crossed a threshold that development stories can't fake," </a>noting that "construction is now approximately 70% complete, with 85% of project costs committed under contract, and the project remains on schedule for plant commissioning in Q3 2026 and commercial production in Q4 2026." He added that "this marks the third construction update in roughly eight weeks as the company moves steadily toward first gold pour." Valks stated that "management has been clear: 2026 is an execution year. And that execution is matching the script." He also wrote that "all major earthworks and civil foundations now complete," that the "permanent mine camp expanded to capacity for 160 personnel," and that "overall procurement of major plant equipment [is] complete," with the "ADR plant commissioned in Perth and now shipping to Brazil." He further noted that "commissioning of the dry circuit has been pulled forward to June 2026 as construction advances ahead of plan," adding that "earlier commissioning creates flexibility on the timeline" and "widens the runway toward first gold." In the same April 29 report, Valks wrote that the company "is preparing to double the number of drill rigs on site from three to six," with "most of this work [targeting] expansion of the larger hard-rock resource base across the district." He added, "This isn't just a startup oxide story—it's still a district-scale growth story unfolding at the same time." Valks concluded in the report: "Yes — this continues to look like a Buy," and noted, "I hold a long position; Jeff Clark maintains full weighting with no plans to sell." <h2 style="text-align: center;" data-start="2764" data-end="2832">Advancing Construction, Commissioning, and Operational Readiness</h2> <a href="https://cabralgold.com/wp-content/uploads/2026/03/CBR-March-2026-v1.pdf" target="_blank" rel="noopener">The company outlined several upcoming milestones and operational steps tied to the project timeline</a>. Major equipment, including the adsorption, desorption, and recovery plant, is scheduled to arrive on site during the second quarter of 2026. Plant construction activities are continuing through the same period as structural assembly and installation progress. [OWNERSHIP_CHART-9314] Plant commissioning is planned for the third quarter of 2026, beginning with a first phase focused on the dry circuit, ore leaching on pads, and the build-up of gold inventory. This phase is expected to commence in June 2026, earlier than previously anticipated, to allow additional time for commissioning activities. A second phase is planned for later in the third quarter of 2026, involving processing of pregnant solution, gold extraction through carbon columns, and dore production from the adsorption, desorption, and recovery plant. Preparation for mining activities is also progressing, with mobilization of the mining fleet planned in the coming weeks. Infill drilling results from the MG deposit are expected to support a revised reserve estimate and updated mine plan. According to the investor presentation, the project is targeting near-term production from the phase 1 starter operation in the fourth quarter of 2026, with construction funded by a previously closed gold loan facility. <div class="z-0 flex min-h-[46px] justify-start"> <h2 style="text-align: center;">Ownership & Share Structure1</h2> Cabral Gold Inc. has a market cap of CA$253.23 million, with 278.27 million shares outstanding. The company's 52-week range is CA$0.28-CA$1.29. Institutions own 13.71% of the company's stock, while Management & Insiders own 6.35%. The remaining 79.94% 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> </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> 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=31112"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31112" width="0" height="0"> ( Companies Mentioned: CBR:TSX.V; CBGZF:OTCMKTS, ) Mon, 04 May 2026 00:00:00 PST