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The Gold Report - Streetwise Exclusive Articles Full Text https://www.theaureport.com/ Investment coverage of gold, silver, uranium and other precious metals. copyright 2012, Streetwise, Inc. BC Gold Developer Reports Highest Grade Yet From 2026 Drill Program https://www.streetwisereports.com/article/2026/11/06/bc-gold-developer-reports-highest-grade-yet-from-2026-drill-program.html Source: <a href="https://www.streetwisereports.com/article/2026/11/06/bc-gold-developer-reports-highest-grade-yet-from-2026-drill-program.html?utm_medium=feed">Streetwise Reports 11/05/2026</a> Canagold Resources Ltd. (CCM:TSX; CRCUF:OTCQB; CANA:FSE) reported a 145.7 g/t gold intercept at its New Polaris project in British Columbia, along with high-grade antimony. Atrium Research identified it as the highest gold grade reported from the 2026 drill program so far, and most of the latest intercepts fall outside the current mine plan.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Canagold Resources Ltd. reported high-grade gold-antimony intercepts from four more holes at its New Polaris Gold Project, including 4.62 meters of 37.7 g/t gold and 4.57% antimony in hole NP26-10A.</li> <li>CEO Catalin Kilofliski said most of the intercepts fall outside the current mineral resource model and mine plan, which he described as an opportunity to expand the project's high-grade resources.</li> <li>The 14-hole, 7,277-meter program targeted the high-grade gold and antimony zone, and results from 12 of the 14 holes have now been reported, according to Atrium Research.</li> <li>Refining tests produced antimony metal grading more than 99% from New Polaris concentrate, and the leach extracted 99.7% of the antimony.</li> <li>Canagold is evaluating whether to add antimony production and revenue to the project's economics.</li> <li>The July 2025 feasibility study showed an after-tax net present value of CA$793 million and a 47.3% internal rate of return at US$3,300 gold, and the company announced that it had filed its Environmental Assessment application on April 1.</li> <li>Atrium Research maintained its Buy rating on Canagold in a November 3 note and expects Environmental Assessment approval in the first half of 2027.</li> <li>Central banks and other official institutions added an estimated net 321.2 tonnes of gold to reserves in the third quarter, up 42% from a year earlier, according to the World Gold Council.</li> </ul> <center> <h2>145 g/t Gold Leads a New Polaris Haul</h2> </center> Canagold Resources Ltd. (CCM:TSX; CRCUF:OTCQB; CANA:FSE) reported high-grade gold-antimony intercepts from four more holes in its recently completed 2026 drill program at the 100%-owned New Polaris Gold Project in northwestern British Columbia. The standout hole was NP26-10A, according to the company's <a href="https://canagoldresources.com/canagold-drills-79-3-g-t-gold-au-and-8-76-antimony-sb-over-1-96-m-within-4-62-m-averaging-37-7-g-t-au-and-4-57-sb/" target="_blank" rel="noopener">November 3 release</a>. From 489 meters downhole, it returned 4.62 meters grading 37.7 grams per tonne (g/t) gold and 4.57% antimony. That included 1.96 meters of 79.3 g/t gold and 8.76% antimony, and within that, 0.66 meters of 145.7 g/t gold and 18.57% antimony. Hole NP26-11 returned 9.44 meters of 21.1 g/t gold and 0.66% antimony from 250.41 meters, including 4.88 meters of 37.2 g/t gold and 1.29% antimony. A second interval in the same hole returned 2.85 meters of 14.4 g/t gold. Hole NP26-13 returned 8.64 meters of 5.4 g/t gold. All intervals are core lengths, and true widths are not yet known. "We are now seeing multiple high-grade intervals across successive drill holes," said CEO Catalin Kilofliski. "Importantly, most of these intercepts fall outside our current mineral resource model and mine plan." He said this is an opportunity to expand the project's high-grade gold and antimony resources. <center> <h2>Building the Antimony Case</h2> </center> The 14-hole, 7,277-meter program targeted the high-grade gold and antimony zone at New Polaris, and earlier holes had already shown strong antimony grades. On October 1, the company reported that hole NP26-01 returned 13.2 meters of 3.83% antimony and 19.38 g/t gold, including 1.21 meters of 30.46% antimony, <a href="https://www.miningnewsnorth.com/story/2026/10/23/northern-neighbors/drills-tap-new-polaris-gold-growth-targets/9922.html" target="_blank" rel="noopener">Mining News North reported</a>. On October 22, it reported that hole NP26-08 returned 4.64 meters of 52.8 g/t gold and 0.83% antimony. The drilling is part of a strategy Canagold <a href="https://www.newsfilecorp.com/release/285238" target="_blank" rel="noopener">outlined in February</a>: expand gold-antimony resources and evaluate adding antimony production to the project. The company said most of the mining, crushing, grinding, and processing costs for recovering antimony are already built into the gold-focused mine plan. It said a saleable antimony product "is expected to represent a meaningful incremental revenue stream." The metallurgical work has also advanced. On <a href="https://www.miningstockeducation.com/2026/10/canagold-successfully-produces-physical-antimony-metal-grading-over-99-sb-from-new-polaris-concentrate/" target="_blank" rel="noopener">October 6</a>, Canagold said refining tests at Core Metallurgy Pty Ltd. in Australia produced antimony metal grading more than 99% from New Polaris concentrate. The process used an alkaline sulfide leach followed by electrowinning, and the leach extracted 99.7% of the antimony from the concentrate. "Producing physical antimony metal from our own New Polaris gold-antimony concentrate is an important milestone," Kilofliski said. <center> <h2>A Past Producer With a Feasibility Study in Hand</h2> </center> New Polaris lies about 100 kilometers south of Atlin, BC, and 60 kilometers northeast of Juneau, Alaska. The historical underground mine produced 232,000 ounces of gold during intermittent operations from 1938 to 1951, according to Mining News North. Canagold plans to mine continuations of the historically mined veins. Canagold's July 2025 feasibility study outlined an underground mine averaging 950 tonnes per day, feeding a 1,000-tonne-per-day processing plant and producing 805,600 ounces of gold over an estimated 8.3-year mine life. At a gold price of US$3,300 an ounce, the study showed an after-tax net present value (5% discount) of CA$793 million, an after-tax internal rate of return of 47.3%, and a 1.7-year payback. <blockquote class="callOut left">Atrium Research analysts Ben Pirie and Nicholas Cortellucci maintained their Buy rating and CA$1.20 target price on Canagold.</blockquote> On April 1, Canagold announced it had <a href="https://www.newsfilecorp.com/release/290842" target="_blank" rel="noopener">filed its Environmental Assessment application</a> with the BC Environmental Assessment Office on March 31, which moved the project into formal provincial review. "The submission of our EA application is a pivotal moment for the New Polaris project," Kilofliski said. Looking ahead, Canagold plans more metallurgical test work and technical evaluations to optimize its antimony process. It is also reviewing logistics, refining options, and potential buyers. The company has said the results should give it enough data to decide whether to include antimony production and revenue in the project's economics. <center> <h2>Analysts See 97% Upside at New Polaris</h2> </center> In a November 3 research note, Atrium Research analysts Ben Pirie and Nicholas Cortellucci maintained their Buy rating and CA$1.20 target price on Canagold. The target implied a 97% return from the CA$0.61 share price at the time. The analysts noted that NP26-10A's 145.7 g/t gold over 0.66 meters was the highest gold grade reported from the program so far, and that 12 of the 14 holes have now been reported. The analysts said management's statement that most intercepts fall outside the current resource and mine plan "continu[es] to point to resource expansion potential." Before the program, they had expected little change to the resource as the project moved toward a construction decision, so they called the results "near-term upside for the story." They also noted that the mine plan contains approximately 5,173 tonnes of antimony, which is not included as revenue in the feasibility study's economics. They described this as embedded upside if the company establishes a commercially viable recovery process. They expect Environmental Assessment approval in the first half of 2027. <center> <h2>Central Banks Keep Buying Gold</h2> </center> Gold's long-term support is coming from the world's central banks and other official institutions. They added an estimated net 321.2 tonnes to reserves in the third quarter, up 42% from a year earlier. Reported net purchases accounted for 120 tonnes, with the remainder attributed to estimated unreported activity, according to the World Gold Council's <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q3-2026/central-banks" target="_blank" rel="noopener">Q3 2026 Gold Demand Trends</a> report, released November 3. That brought central bank purchases for the year to 675 tonnes, 6% ahead of the same period in 2025. Investors have been adding to their holdings too. Gold exchange-traded funds took in about 210 tonnes in the quarter, <a href="https://investinglive.com/commodities/central-bank-gold-buying-jumps-42-in-q3-as-high-prices-hit-jewellery-demand-wgc-says/" target="_blank" rel="noopener">investingLive reported</a>, citing the council's data. Prices are moving higher again. Spot gold climbed 1.49% to about US$4,119.50 an ounce on November 5 and earlier hit US$4,146.63, its highest since October 20, <a href="https://www.kitco.com/news/article/2026-11-05/gold-climbs-above-4100-falling-yields-softer-labor-costs-support-bullion" target="_blank" rel="noopener">Kitco News reported</a>. Kitco said falling Treasury yields and softer labor costs supported the metal. Those prices matter for developers like Canagold, whose feasibility study assumed US$3,300 gold. At the November 5 spot price of approximately US$4,119.50 per ounce, gold was about 25% above the US$3,300 price assumption used in the feasibility study. Canagold is also evaluating antimony, which the company calls a critical mineral, as a potential second revenue stream that isn't included in the study's economics. <div>[GR_OWNERSHIP_11765] <div><center> <h2>Ownership and Share Structure1</h2> </center> Management and insiders own approximately 53.62% of Canagold, strategic entities hold about 44.50%, and institutions hold about 1.88%. The largest disclosed holders include Sun Valley Investments AG / Sunvalley Company (42.10%), Garry Biles (21.00%), Goldlogic Corp. (7.70%), and Ruffer LLP (1.87%). The company has roughly 228.12 million shares outstanding and a market capitalization of about CA$141.43 million. No verified insider open-market buys or sells were found for the last six months. 18 series of warrants remain outstanding. Public records show 9 historical share restructures. </div> </div> <center> <h2>Common Questions from Investors</h2> </center> What did Canagold's latest drill results show? Hole NP26-10A returned 4.62 meters of 37.7 g/t gold and 4.57% antimony, including 0.66 meters of 145.7 g/t gold and 18.57% antimony. Hole NP26-11 returned 9.44 meters of 21.1 g/t gold and 0.66% antimony. True widths are not yet known. Why does it matter that the intercepts are outside the mine plan? Kilofliski said most of the intercepts fall outside the current resource model and mine plan, which gives the company an opportunity to expand its high-grade gold and antimony resources. Atrium said it had expected little change to the resource before this program. What is Canagold's antimony strategy? Canagold is working to expand its gold-antimony resources and is evaluating adding antimony production to the project. The company said most of the costs to recover antimony are already built into its gold-focused mine plan. Has Canagold produced antimony metal? Yes, in testing. On October 6, the company said refining tests at Core Metallurgy Pty Ltd. produced antimony metal grading more than 99% from New Polaris concentrate. The process used an alkaline sulfide leach followed by electrowinning. What does the feasibility study show? The July 2025 study outlined an underground mine producing 805,600 ounces of gold over 8.3 years. At US$3,300 gold, it showed an after-tax net present value of CA$793 million, a 47.3% internal rate of return, and a 1.7-year payback. Where does permitting stand? Canagold filed its Environmental Assessment application with the BC Environmental Assessment Office on March 32, and announced submission on April 2, which moved the project into formal provincial review. Atrium Research expects approval in the first half of 2027. What comes next? Results from 12 of the 14 holes have been reported. Holes NP26-12 and NP26-13 were abandoned before reaching their targeted mineralization, although NP26-13 returned 8.64 meters of 5.4 g/t gold. Results from the remaining two holes are still outstanding. Canagold also plans more metallurgical and technical work to decide whether to include antimony production and revenue in the project's economics. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Canagold were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-05 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-11-05 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32979"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32979" width="0" height="0"> ( Companies Mentioned: CCM:TSX; CRCUF:OTCQB; CANA:FSE, ) Thu, 05 Nov 2026 00:00:00 PST Critical Minerals Co. Completes IP Survey Near Hudbay's Copper Mountain Project in British Columbia https://www.streetwisereports.com/article/2026/11/06/critical-minerals-co-completes-ip-survey-near-hudbays-copper-mountain-project-in-british-columbia.html Source: <a href="https://www.streetwisereports.com/article/2026/11/06/critical-minerals-co-completes-ip-survey-near-hudbays-copper-mountain-project-in-british-columbia.html?utm_medium=feed">Streetwise Reports 11/06/2026</a> Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS) finished its IP survey at the South Hedley Max copper-gold prospect 18 km from Hudbay Minerals' Copper Mountain mine, with the chargeability anomaly measuring 3-4 km along survey lines and approximately 4 km from line to line.<a href="https://www.streetwisereports.com/pub/co/6736?utm_medium=feed" target="_blank" rel="noopener">Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS)</a> has completed<a href="https://www.thenewswire.com/press-releases/1A8vFjmP8-adamera-completes-ip-survey-at-max-prospect-and-starts-work-at-glix-prospect-south-hedley-property-bc.html" target="_blank" rel="noopener"> its induced polarization (IP) survey</a> at the Max copper-gold target at the South Hedley Project in British Columbia, defining a large chargeability anomaly 18 km (kilometers) from Hudbay Minerals Inc.'s (HBM:TSX; HBM:NYSE) operating Copper Mountain mine, highlighting the exploration potential of the junior explorer's South Hedley property within the established Quesnel Trough copper-gold district. <h2>Key Investor Takeaways</h2> <ul> <li>Adamera's completed IP survey confirms a 3-4 km scale chargeability anomaly at Max, coincident with anomalous copper and gold in soil samples and magnetic features 18 km from Hudbay's producing Copper Mountain mine.</li> <li>Pending drill permits from February 2026 applications position Adamera for potential follow-up once approved, with interpretation ongoing.</li> <li>Recent financing provides additional funding for exploration across the company's tungsten, gold, and copper projects, alongside general working capital.</li> </ul> <h2>IP Survey Completion at Max</h2> On November 4, 2026, Adamera announced <a href="https://www.thenewswire.com/press-releases/1A8vFjmP8-adamera-completes-ip-survey-at-max-prospect-and-starts-work-at-glix-prospect-south-hedley-property-bc.html" target="_blank" rel="noopener">the completion of the IP survey</a> across ten lines at the Max prospect, with inversion results showing a continuous chargeability anomaly measuring 3 to 4 km along survey lines and approximately 4 km from line to line. The company also collected 2,597 soil samples over the grid. Work has now shifted to the Glix gold skarn target 12 km away within the same claim block. "The results of this IP survey are far beyond what we expected," said Mark Kolebaba, President and CEO of Adamera. "Soil and magnetic data first defined this prospect. The IP survey has turned it into a copper-gold porphyry exploration target of significant scale. Our IP survey was designed with 3.5 km lines; however, the data continued to push us further north, extending the survey lines to more than 5 km. The data now give us the information we need to define priority drill targets. Needless to say, I am grateful to our field team for their efforts to complete the Max IP and sampling program in this very difficult terrain, through fire season and late into the year. We are now looking forward to what the IP data shows at the Glix target." The company's Max copper-gold target sits 18 km east of Hudbay Minerals' Copper Mountain mine, an active open-pit copper-gold-silver operation in the same Quesnel Trough belt. The company's September 2026 Bromley claim applications subsequently extended its land position westward to the eastern claim boundary of Hudbay's Copper Mountain mine claims. Hudbay reported <a href="https://www.stocktitan.net/sec-filings/HBM/6-k-hudbay-minerals-inc-current-report-foreign-issuer-214307ada0bf.html" target="_blank" rel="noopener">Q2 2026 production</a> of 6,455 tonnes copper (Cu), 5,608 ounces gold (Au), and 71,178 ounces silver (Ag) from its BC operations, on track for full-year guidance of 25,000-35,000 tonnes of copper. The company recently broke ground on the New Ingerbelle expansion, which is expected to extend mine life beyond 2040 with lower strip ratios and higher precious-metal content. While Adamera remains in early exploration with pending drill permit applications submitted in February 2026, its Max anomaly offers scale comparable to district porphyry systems, supported by coincident geochemistry and geophysics. Hudbay's established production and expansion provide a benchmark for district potential. <h2>Metals by Popular Demand</h2> Copper demand is expected to rise as investment in data centers, power grids, electric vehicles, and other electrification applications expands. A 2026 study by <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai">S&P Global</a> projected that global copper demand would increase from 28 million metric tons in 2025 to 42 million metric tons by 2040, representing roughly 50% growth. Meeting that demand could prove challenging. In its January 2026 report, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/01/the-copper-conundrum-why-meeting-ai-era-electrification-demands-is-a-race-against-time">The Copper Conundrum: Why Meeting AI-Era Electrification Demands Is a Race Against Time</a>, S&P Global projected that mined copper production could peak at 25.8 million metric tons in 2030 before declining to 22 million metric tons by 2040. Recycled copper is expected to supply approximately 31% of total demand by 2040, but the study still identified a potential annual supply shortfall of 10.1 million metric tons. The lengthy development timelines associated with new mines add another challenge to expanding production. <blockquote class="callOut left">Technical analyst Stewart Thomson assigned the company a "Speculative Buy" rating.1</blockquote> U.S. trade policy and domestic production have added further considerations to the copper market. On April 2, 2026, the White House revised <a href="https://www.whitehouse.gov/presidential-actions/2026/04/strengthening-actions-taken-to-adjust-imports-of-aluminum-steel-and-copper-into-the-united-states" target="_blank" rel="noopener">Section 232 tariffs on copper, steel, and aluminum</a>, establishing additional duties of 50% on covered metal products, 25% on certain derivative products, and a temporarily reduced 15% rate on specified industrial machinery and power equipment. A subsequent <a href="https://www.whitehouse.gov/presidential-actions/2026/06/further-adjusting-the-tariff-regimes-for-imports-of-aluminum-steel-and-copper-into-the-united-states">June 1, 2026, proclamation</a> further adjusted the framework. Adamera also explores for tungsten, a specialty metal facing supply-chain challenges associated with concentrated production and export restrictions. Tungsten is used in cemented carbide cutting and wear-resistant components, specialty steels, alloys, and has various electrical, military, and industrial applications. According to the <a href="https://pubs.usgs.gov/periodicals/mcs2026/mcs2026.pdf" target="_blank" rel="noopener">U.S. Geological Survey report</a>, China remained the world's leading tungsten producer, importer, and consumer. Chinese export controls introduced in February 2025 contributed to sharply higher tungsten prices throughout the year. More recently, the <a href="https://www.canadianminingjournal.com/news/western-tungsten-prices-nearly-quadruple-chinas-report/" target="_blank" rel="noopener">Canadian Mining Journal reported on November 4, 2026,</a> that Rotterdam ammonium paratungstate (APT) traded at US$278.22 per kilogram in October, compared with US$74.43 per kilogram for China ex-works APT. The publication attributed the price divergence to export restrictions, regional availability, and processing capacity. <h2>Technical Analyst Assigns 'Speculative Buy'</h2> <a href="https://www.streetwisereports.com/article/2026/09/25/1-6-km-of-chargeability-district-scale-potential-and-bullish-charts-for-canadian-copper-explorer.html?m_t=2026_09_25_13_10_30&utm_medium=feed" target="_blank" rel="noopener">1Technical analyst Stewart Thomson reviewed Adamera</a> on September 25, 2026, drawing attention to the company's 1.6-kilometer Max copper-gold chargeability anomaly (now ~4x4 km), pending drill permits, and anticipated soil assay results. Thomson described Adamera as "well-positioned at the inflection point between geophysical discovery and first drilling" and noted several potential catalysts on the horizon. He assigned the company a "Speculative Buy" rating, with short-, medium-, and long-term price targets of CA$0.80, CA$1.65, and CA$2.40, respectively. Thomson also highlighted technical indicators on Adamera's chart, including a bull wedge pattern, a rising relative strength index (RSI), and buy signals from the stochastic oscillator and moving average convergence divergence (MACD). He cited drill-permit approvals, soil assay results, further induced polarization (IP) surveying, and exploration of the Bromley claims as potential catalysts. <h2>Project Update and Next Steps</h2> Drill permits for Max and Glix remain pending. The company continues interpretation integrating IP, magnetics, and geochemistry ahead of potential drilling once approvals are received. Earlier 2026 work expanded magnetic coverage at Glix to 85 line-km and advanced soil sampling. <div> <div>[GR_OWNERSHIP_6736] <div> <h2>Ownership and Share Structure2</h2> Management and insiders own approximately 3.95% of Adamera Minerals, while institutions hold about 1.77%, with retail investors accounting for the balance. The largest disclosed holders include Mark Kolebaba (2.21%), U.S. Global Investors, Inc. (1.14%), and Mark Jones (0.70%). The company has roughly 66.60 million shares outstanding and a market capitalization of about CA$6.66 million. Insiders were net buyers over the last six months, purchasing about 133,333 shares and selling about 107,00 shares. 5 series of warrants remain outstanding. Public records show 3 historical share restructures. </div> </div> </div> <h2>Common Questions from Investors</h2> What did the latest IP survey show at Adamera's Max target? The survey defined a continuous high-chargeability anomaly measuring 3–4 km along survey lines and approximately 4 km from line to line. How does Adamera compare to Hudbay Minerals' Copper Mountain operations? Adamera is exploring undrilled targets 18 km away in the same belt; Hudbay operates the mine with Q2 2026 output of over 6,400 tonnes copper and is expanding for longer life. When might drilling begin at South Hedley? Applications for drill permits submitted in February 2026 are pending; the company is advancing target interpretation in the interim. What is Adamera's current focus beyond Max? Work has moved to the Glix gold skarn target with additional geophysics and sampling to refine drill targets. Glix was initially defined by soil samples with anomalous gold values ranging from 50 to 4,280 ppb associated with a magnetic low and a VLF-EM conductor. Adamera continues fieldwork at South Hedley while awaiting permit decisions, with the Max anomaly's scale providing a possible catalyst for investors monitoring district peers such as Hudbay. <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>Adamera Minerals Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Adamera Minerals Corp. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on September 25, 2026 <ol> <li>Adamera Minerals Corp. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$3,500 for the preparation of an independent technical research report, published on September 25, 2026.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed. Mr. Thomson owns no securities in Adamera Minerals Corp., and he has no direct financial relationship with the company.</li> </ol> 2. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Adamera Minerals were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-05 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-11-05 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32974"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32974" width="0" height="0"> ( Companies Mentioned: ADZ:TSX.V;DDNFF:OTCMKTS, ) Fri, 06 Nov 2026 00:00:00 PST Gold Discovery Expands 12% as Drilling Hits 42.31 g/t Over 2 Meters https://www.streetwisereports.com/article/2026/11/06/gold-discovery-expands-12-as-drilling-hits-42-31-g-t-over-2-meters.html Source: <a href="https://www.streetwisereports.com/article/2026/11/06/gold-discovery-expands-12-as-drilling-hits-42-31-g-t-over-2-meters.html?utm_medium=feed">Streetwise Reports 11/06/2026</a> Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) reported new high-grade gold intercepts at its Surebet Discovery, with 43 drill hole assays still pending.<h2>Key Investor Takeaways</h2> <ul> <li>High-Grade Gold Intercepts: Goliath Resources reported 14.61 g/t gold equivalent (AuEq) over 6.00 meters and 11.88 g/t AuEq over 4.00 meters within the Surebet Zone high-grade core at its Golddigger Property in British Columbia's Golden Triangle.</li> <li>Drilling Success: The completed 2026 program totaled 48,443 meters across 97 holes, with all holes intersecting quartz-sulphide mineralization. Visible gold was identified in 85% of the 483 holes drilled at Surebet to date.</li> <li>Expanding Gold Discovery: The mineralized footprint increased 12% to 2.01 square kilometers, with extensions to the Bonanza and Golden Gate zones and the identification of the Big Bulk Zone.</li> <li>Metallurgical Testing: Metal recoveries of 92.2% for Au (gold), 86.5% for Ag (silver), 94.2% for Pb (lead), and 96.9% for Zn (zinc) were achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometers (no cyanide leaching required to recover the gold and silver).</li> <li>Infrastructure: Goliath utilizes Kitsault, an old mining town that housed up to 1,300 people, adjacent to a permitted mill site on private property with tide water and a barge landing and dock, including high-tension power nearby.</li> <li>Upcoming Exploration Catalysts: Assays remain pending for 43 holes from the 2026 program, while Goliath continues updating its geological models ahead of a planned 2027 infill and expansion drilling program.</li> <li>Analyst Coverage: Stifel analyst Cole McGill reiterated a Buy rating with a CA$4.25 price target on September 11, 2026.</li> <li>New 3D Interactive Model: To view the new Surebet Discovery Interactive 3D Model (<a href="https://got.terrahutton.io/" target="_blank" rel="noopener">Click Here</a>)</li> </ul> <h2>New Drill Results Confirm Mineralization Across Multiple Zones</h2> <a href="https://www.streetwisereports.com/pub/co/9595?utm_medium=feed">Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE)</a> reported <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__goliathresourcesltd.com_wp-2Dcontent_uploads_2026_11_November-2D5-2D2026-2DGoliath-2DReports-2D14.61-2Dgpt-2DAuEq-2DOver-2D6.00-2DMeters-2DAnd-2D11.88-2Dgpt-2DAuEq-2DOver-2D4-2DMeters.pdf&d=DwMF-g&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=UMKC_tQJoXAEdzabnidCI900nAZFYRRytoYRRa6A10w&m=ebJcBopYjPjgYklC3FYnk2PPOfBfxyehvD9S1A0R1-P39YRna-WmU_I4wThQgMnQ&s=SX4IbHsVerDvpcD-ywkatysjb62bDxK4QVuwpl5AZx4&e=" target="_blank" rel="noopener">additional assay results on November 5, 2026, from its completed 2026 drilling program at the Surebet Discovery, located on its 100%-owned Golddigger Property in British Columbia's Golden Triangle. </a>The results included multiple gold-bearing intersections within the Surebet, Whopper, and Eldorado zones, adding to the company's growing body of drilling data. Drill hole GD-26-498 intersected 14.61 grams per tonne gold equivalent (g/t AuEq), comprising 14.79 g/t gold and 52.25 g/t silver, over 6.00 meters. The interval included 21.68 g/t AuEq over 4.00 meters and 42.31 g/t AuEq over 2.00 meters. Mineralization occurred within quartz breccia containing pyrrhotite, galena, sphalerite, and visible gold in the central high-grade core of the Surebet Zone, further demonstrating its continuity and predictability. Another hole, GD-26-490, returned 11.88 g/t AuEq, comprising 11.86 g/t gold and 43.81 g/t silver, over 4.00 meters, including 43.93 g/t AuEq over 1.04 meters. The mineralization was hosted in stockwork veining and breccia within sedimentary rocks of the Surebet Zone. Additional results from the Surebet Zone included hole GD-26-465, which intersected 4.19 g/t AuEq over 8.60 meters, including 6.05 g/t AuEq over 5.38 meters, within a broader interval of 2.01 g/t AuEq over 20.00 meters. Hole GD-26-455 returned 5.98 g/t AuEq over 6.37 meters within a broader interval of 2.38 g/t AuEq over 16.45 meters. Hole GD-26-442 intersected 4.49 g/t AuEq over 4.35 meters within a broader interval of 2.15 g/t AuEq over 13.65 meters. Hole GD-26-486 returned 5.13 g/t AuEq over 5.07 meters in quartz-sulphide veins and stockwork. Drilling also identified mineralization in the Whopper and Eldorado zones. Hole GD-26-459 intersected 4.34 g/t AuEq over 5.00 meters in the Whopper Zone and 5.92 g/t AuEq over 4.00 meters in the Surebet Zone. Hole GD-26-480 returned 2.54 g/t AuEq over 8.06 meters, including 3.91 g/t AuEq over 3.06 meters, within the Eldorado Zone. The completed 2026 drilling program totaled 48,443 meters across 97 holes, using seven drill rigs operating around the clock over 94 days. According to the company, every hole drilled during the program intersected quartz-sulphide mineralization, maintaining a reported 100% intersection rate. Cumulative drilling at Surebet has exceeded 200,000 meters across 483 holes, representing more than 1,500 pierce points (2021-2025), with a vast majority having 25 – 50 meter spacings, providing a high confidence of continuity. Of those holes, 412, representing approximately 85%, contained visible gold identifiable without magnification. "The 2026 drill program has not disappointed based on the previous and these results from our successful 2026 drill program," <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__goliathresourcesltd.com_wp-2Dcontent_uploads_2026_11_November-2D5-2D2026-2DGoliath-2DReports-2D14.61-2Dgpt-2DAuEq-2DOver-2D6.00-2DMeters-2DAnd-2D11.88-2Dgpt-2DAuEq-2DOver-2D4-2DMeters.pdf&d=DwMF-g&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=UMKC_tQJoXAEdzabnidCI900nAZFYRRytoYRRa6A10w&m=ebJcBopYjPjgYklC3FYnk2PPOfBfxyehvD9S1A0R1-P39YRna-WmU_I4wThQgMnQ&s=SX4IbHsVerDvpcD-ywkatysjb62bDxK4QVuwpl5AZx4&e=">said Roger Rosmus, Goliath's founder and CEO, in the company's November 5, 2026 news release.</a> "It's the consistent grade and continuity that makes a mine and not one flashy hole." The 2026 program also expanded the reported footprint of the Surebet mineralized system by 12%, from 1.8 square kilometers to 2.01 square kilometers. The Bonanza Zone increased from 1.27 to 1.51 square kilometers, with extensions of 750 meters southwest, 100 meters west, 100 meters north, and 160 meters northeast. The Golden Gate Zone expanded from 0.85 to 1.17 square kilometers, extending 480 meters northeast and 540 meters southwest. The company also identified the Big Bulk Zone, a mineralized area containing visible gold between the Bonanza and Golden Gate zones, where the structures converge and is potentially amenable to low-cost block cave mining. Its central portion extends approximately 310 meters in length, 500 meters laterally, and 110 meters vertically and remains open. Mineralized intervals contain stacked veinlets spanning up to 58 meters within volcanic rocks, with reported grades reaching 3.60 g/t AuEq. The Surebet Discovery contains 46 identified stacked gold-rich veins developed over 21 months of fieldwork. Gold mineralization has been identified across seven zones and three distinct rock types, including sedimentary-hosted quartz-sulphide breccias and stockwork veins, volcanic-hosted precious and base metal veins, and intermediate to felsic Eocene-aged dykes. Goliath reported more than 1,500 drill pierce points from its 2021 through 2025 programs, with most spaced between 25 and 50 meters apart. The data are being used to define the geometry and grade distribution of the Surebet mineralized system. <h2>Gold Prices Rebound as Investors Assess Market Conditions</h2> Gold prices recovered above US$4,000 per ounce in early November, although market analysts continued to assess the precious metal's performance following a sharp selloff. Inflation, geopolitical uncertainty, government debt, and changing demand for safe-haven assets remained central themes in discussions about the gold market. <a href="https://www.kitco.com/news/article/2026-11-04/golds-recovery-above-4000-enough-fix-broken-market-asks-michele-schneider" target="_blank" rel="noopener">According to a November 4 report from Kitco News</a>, gold had reclaimed the US$4,000 level after the previous week's decline. Michele Schneider, Chief Market Strategist at MarketGauge, acknowledged the recovery but expressed caution about the metal's technical condition, despite the economic factors that had previously supported higher prices. "The flight to safety in gold has been broken," Schneider told Kitco News. Schneider pointed to gold's recent weakness despite persistent inflation, rising government debt, geopolitical uncertainty, and a softer U.S. dollar. She also noted that declining Treasury yields had renewed interest in government bonds as an alternative safe-haven investment. <blockquote class="callOut left">Chen Lin identified Goliath as another company he was following, describing its project as a "big potentially multi-million discovery." </blockquote> "Gold doesn't seem to be the big flight to safety. And now, all of a sudden, bonds are," she said. Nevertheless, Schneider identified a sustained move above US$4,000 as a possible opportunity for a tactical position, while emphasizing the importance of risk management. She also identified US$3,940 as a technical support level to monitor following the recent market correction. <a href="https://tradingeconomics.com/commodity/gold/news/598363" target="_blank" rel="noopener">Later on November 4, Trading Economics reported that gold had extended its recovery toward US$4,150 per ounce</a>, reaching a two-week high amid optimism surrounding the U.S.-Iran conflict. The report, titled "Gold Extends Gain on US-Iran Optimism," attributed the advance partly to declining oil prices following U.S. midterm election results. According to the report, "The precious metal also found support from a weaker U.S. dollar and declining Treasury yields, which enhanced its appeal to investors." The report also noted that lower oil prices had eased some inflation concerns, while investors awaited the upcoming U.S. employment report for additional information about monetary policy. Traders had assigned a 79% probability to a December Federal Reserve interest rate increase, according to the CME FedWatch Tool cited in the report. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics' November 5 gold market data subsequently showed gold at US$4,123.90 per troy ounce</a>, an increase of 1.57% on the day. The metal had gained 3.69% over the preceding year, although it remained down approximately 0.98% over the previous month. The market data reflected a short-term recovery in gold prices alongside continued uncertainty about interest rates and the metal's role as a safe-haven investment. <h2>Stifel Reiterates Buy Rating as Commentators Discuss Gold Exploration</h2> Stifel analyst Cole McGill reviewed Goliath Resources Ltd.'s gold exploration activities in a July 15 research note, following step-out drilling that extended the Bonanza shear structure approximately 750 meters southwest. McGill said the results "showcase continuity of the Bonanza shear structure/host lithology (> 1.8 km x> 1.8 km corridor)," while identifying additional step-out drilling as having "the ability to put upward pressure on total ounce count of property." McGill's valuation was based on Stifel's exploration target of 4.2 million ounces of gold, with an assigned value of approximately US$45 per ounce. According to <a href="https://www.tipranks.com/stocks/tse:got/forecast" target="_blank" rel="noopener">TipRanks</a>, McGill reiterated his Buy rating on September 11 and maintained a CA$4.25 price target. Goliath also drew attention from newsletter author Chen Lin of What Is Chen Buying? What Is Chen Selling?, who discussed the company during an <a href="https://www.youtube.com/watch?v=655YjQy16Lg" target="_blank" rel="noopener">October 15 appearance on </a><a href="https://www.youtube.com/watch?v=655YjQy16Lg">Turning Hard Times to Good Times</a>, hosted by Jay Taylor. During a broader conversation about junior gold exploration companies, Lin identified Goliath as another company he was following, describing its project as a "big potentially multi-million discovery." He also commented on the company's drilling consistency, saying, "They seem to be hitting every hole they're hitting." Taylor expressed agreement with Lin's assessment. Lin's comments came during a discussion of acquisition activity and the financial position of larger gold producers. He pointed to their cash reserves and relatively low debt levels as factors relevant to potential acquisitions of smaller exploration companies during periods of market weakness. "The balance sheet [is] very, very good. They have very little debt and a lot of cash," Lin said of larger gold mining companies. He also suggested that these companies could remain relatively resilient during a broader market downturn, stating, "Even if there's a crash, I would say the gold mining company should do okay." The conversation also covered declining valuations among junior mining companies and the possibility of additional year-end selling pressure. Lin discussed tax-loss selling as a factor affecting smaller mining stocks, commenting, "This year the tax selling is going to be a buffet." <h2>Next Steps at Surebet Include Additional Assays and 2027 Drilling</h2> Goliath Resources outlined its exploration activities and project development work<a href="https://goliathresourcesltd.com/wp-content/uploads/2026/10/Golddigger-Property-Ocotber-8-2026.pdf"> in an October 8, 2026 presentation covering the Golddigger Property and Surebet Discovery.</a> The presentation identified continued assay reporting, additional drilling, and expansion of the mineralized zones among the company's activities. The company indicated that assay results from its 2026 drilling campaign would continue to be reported into early 2027. The program consisted of 48,443 meters across 97 drill holes and included drilling within the Bonanza and Golden Gate zones, as well as the newly identified Big Bulk Zone. At the time of the November 5 news release, assays remained pending for 43 holes drilled during 2026. The October presentation also identified an infill and expansion drilling program planned for 2027. Infill drilling involves additional holes within previously drilled areas, while expansion drilling targets areas beyond the existing drilling coverage. The presentation did not specify a meterage target, number of drill holes, budget, or commencement and completion dates for the program. The presentation identified the Bonanza and Golden Gate Zones as areas expanded by the completed drilling program, while also documenting the discovery of the Big Bulk Zone between those two structures. The Bonanza Zone was reported to extend approximately 1,650 meters along its southwest-to-northeast orientation, while the Golden Gate Zone extended approximately 1,500 meters along the same general orientation. Both zones were described as remaining open. The presentation also documented five of the principal mineralized zones at Surebet: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado. These zones comprise multiple stacked mineralized veins, with the company's geological models incorporating drilling information from successive exploration programs. The Surebet Zone itself was described as extending approximately 1 kilometer along strike and 1.1 kilometers down-dip, with 700 meters of vertical relief. Goliath also presented a comprehensive lithological and structural model incorporating seven geological units and seven faults. The model was developed using lithological logging data covering 8,139 intervals and downhole structural measurements collected from oriented drill core. These data form part of the geological information available for the company's continued exploration work. The October presentation included metallurgical results reporting gold recoveries of 92.2% at a 327-micron crush size, with 48.8% of the gold recovered through gravity separation alone. The company stated that cyanide was not required to recover the gold under the reported testing conditions. The presentation also identified existing infrastructure associated with the property, including facilities at Kitsault, a permitted mill site with tidewater barge access, and high-tension electrical power approximately 25 kilometers from the Surebet area. These were presented as part of the property's existing infrastructure context rather than as scheduled construction activities. The company's exploration work also includes its geological interpretation of the relationship between the stacked mineralized veins and Eocene-aged intrusive rocks. The October presentation referenced work by the Colorado School of Mines identifying a causative intrusion associated with the mineralized system, including mineralized Eocene-aged dykes. The presentation additionally documented historical drilling at the Golden Gate Zone, including hole GD-24-260, which returned 34.52 g/t AuEq over 39.00 meters, including 132.93 g/t AuEq over 10.00 meters and 166.04 g/t AuEq over 8.00 meters. The company reported abundant visible gold in that interval, including coarse-grained grains. <div>[GR_OWNERSHIP_9595] <div> <h2>Ownership and Share Structure1</h2> Strategic entities hold about 11.20% of Goliath Resources, Management and the team own approximately 19% on a partially diluted basis, and institutions hold about 1.86%, with retail investors accounting for the balance. The largest disclosed holders are Crescat Portfolio Management LLC (11.20%) and Roger Rosmus (3.28%). The company has roughly 177.94 million shares outstanding and a market capitalization of about CA$211.75 million. Insiders were buyers over the last seven months, purchasing about 37,000 shares in the open market and have exercised options equating to 1,000,000 shares purchased, with no verified open-market sales in that window. 3 series of warrants remain outstanding. Public records show 3 historical share restructures. </div> </div> <h2>FAQs</h2> What are the latest Goliath Resources gold drilling results from November 2026? Goliath Resources Limited reported new high-grade gold assay results on November 5, 2026, from its Surebet Discovery in British Columbia's Golden Triangle. Highlights included 14.61 grams per tonne gold equivalent (g/t AuEq) over 6.00 meters, including 42.31 g/t AuEq over 2.00 meters. Another drill hole returned 11.88 g/t AuEq over 4.00 meters, including 43.93 g/t AuEq over 1.04 meters. Both of these holes are located within the Surebet Zone’s high-grade core, further demonstrating its continuity. How much gold has Goliath Resources discovered at the Surebet Gold Project? Goliath Resources has identified 46 stacked gold-rich veins across the Surebet Discovery, which covers a mineralized footprint of 2.01 square kilometers. More than 200,000 meters of drilling have been completed across 483 holes, with visible gold identified in approximately 85% of them. The company has not yet established a maiden mineral resource estimate defining the total amount of gold contained in the discovery. With more than 1,500 pierce points (2021-2025), with a vast majority (~77%) having 25 – 50 meter spacings, this provides a high confidence of continuity that would fall into the measured and indicated categories. What makes Goliath Resources' Golddigger Property significant for gold exploration? The 100%-owned Golddigger Property is located in British Columbia's Golden Triangle and hosts the Surebet Discovery. The mineralized system expanded by 12% during the 2026 drilling campaign, from 1.8 to 2.01 square kilometers. Exploration has identified gold mineralization across multiple zones, including Bonanza, Surebet, Golden Gate, Whopper, Eldorado and Big Bulk. What are Goliath Resources' next gold exploration catalysts for 2026 and 2027? Goliath Resources is awaiting assay results from 43 drill holes completed during its 2026 exploration program. The company is also updating its high-grade gold wireframe models as additional results became available. Once the remaining drilling data had been received, compiled, and modeled, Goliath planned to develop a comprehensive infill and expansion drilling program for 2027. What is the Big Bulk Zone at Goliath Resources' Surebet Discovery? The Big Bulk Zone is a mineralized area identified during Goliath's 2026 drilling campaign between the Bonanza and Golden Gate Zones. Its central portion extends approximately 310 meters in length, 500 meters laterally, and 110 meters vertically; it remains open. Drilling identified stacked mineralized veinlets spanning up to 58 meters, with grades reaching 3.60 g/t gold equivalent. What is the Goliath Resources stock price target and analyst rating? According to TipRanks, Stifel analyst Cole McGill reiterated a Buy rating on Goliath Resources on September 11, 2026, with a CA$4.25 price target. McGill's earlier research used an exploration target of 4.2 million ounces of gold and assigned a valuation of approximately US$45 per ounce. The exploration target was an analyst estimate rather than a company-defined mineral resource. How did gold prices perform in November 2026? Gold recovered above US$4,000 per ounce in early November following a market selloff. Trading Economics reported gold at US$4,123.90 per troy ounce on November 5, 2026, representing a daily gain of 1.57%. The recovery occurred amid a weaker U.S. dollar, declining Treasury yields, and changing expectations surrounding geopolitical developments and U.S. monetary policy. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Goliath Resources is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Goliath Resources were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-30 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-30 through 2026-10-30 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32971"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32971" width="0" height="0"> ( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE, ) Fri, 06 Nov 2026 00:00:00 PST New Silver Listing Sends Drill Rig to Project Near Historic Nova Scotia Mine on Day One https://www.streetwisereports.com/article/2026/11/05/new-silver-listing-sends-drill-rig-to-project-near-historic-nova-scotia-mine-on-day-one.html Source: <a href="https://www.streetwisereports.com/article/2026/11/05/new-silver-listing-sends-drill-rig-to-project-near-historic-nova-scotia-mine-on-day-one.html?utm_medium=feed">Streetwise Reports 11/05/2026</a> TruSilver Metals Corp. (TAG:TSXV) began trading on October 27, the same day a drill rig began mobilizing to test whether its Sturgis Target in Nova Scotia may represent a deeper part of the mineralizing system that formed the historic Walton Mine.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>TruSilver Metals Corp. began trading on the TSX Venture Exchange on October 27, the same day a drill rig began mobilizing to its 100%-owned Sturgis-Walton Silver Project.</li> <li>The first hole, ST-2026-01A, is planned to be about 700 meters long to test the Sturgis Target, a gravity anomaly more than 800 meters long with conductive zones identified by AMT surveying.</li> <li>TruSilver's working hypothesis is that Sturgis may be a deeper part of the system that formed the historic Walton Mine, about 1 kilometer to the north.</li> <li>In 2023, hole ST-23-001 returned 48.8 g/t silver and 0.19% copper over 19.0 meters in the Macumber Formation.</li> <li>A concurrent financing raised about CA$2.8 million to fund drilling and working capital, and the 2026/27 program calls for about 3,500 meters in five holes.</li> <li>Rio Tinto Exploration Canada staked 2,363 claims surrounding the project in late 2025, though the company said Rio Tinto is not affiliated with TruSilver.</li> <li>Silver Stock Investor added TruSilver to its portfolio, citing the potential for a re-rating if drilling hits grades close to Walton's historical grades.</li> <li>Metals Focus expects a sixth straight year of silver market deficits in 2026.</li> </ul> <center> <h2>Listed as Drill Rig Mobilizes on Day One</h2> </center> TruSilver Metals Corp. (TAG:TSXV) sent a drill rig to its flagship project on its first day as a public company. The company's shares <a href="https://www.trusilvermetals.com/news-releases/day-one-on-the-tsxv-trusilvers-rig-heads-for-the-sturgis-target" target="_blank" rel="noopener">began trading</a> on the TSX Venture Exchange on October 27. That same day, a diamond drill rig from Logan Drilling Limited began mobilizing to TruSilver's 100%-owned Sturgis-Walton Silver Project in Hants County, Nova Scotia. The rig will drill hole ST-2026-01A, the first hole of the company's 2026/27 program. The hole will be collared west of the target and drilled toward the east. It is planned to be about 700 meters in length, reaching about 650 meters of vertical depth. It will test the Sturgis Target, which the company describes as a gravity anomaly of more than 1 milligal (mGal) and more than 800 meters long, with conductive zones identified by audio-magnetotelluric (AMT) surveying. "Five years ago, Sturgis was a line on a magnetic map," said President and CEO Michael Gross. He said the company has since "mapped something heavy and conductive at depth ... Now we find out what's down there." <center> <h2>Hunting for Walton's Roots</h2> </center> The Sturgis Target lies about 1 kilometer south of the historic Walton Mine. The company's working hypothesis is that Sturgis may be a deeper part of the mineralizing system that formed Walton. Historical sources report Walton's mined ore head grades at 350 to 933 grams per tonne (g/t) silver. The company notes that these figures have not been verified and should not be relied on. TruSilver said it chose the location of the new hole based on 2026 downhole electromagnetic (EM) surveys in holes S70-1Ext and S68-5Ext, along with a 2026 ground AMT survey. It cautioned that the AMT model is preliminary and may change. Earlier drilling at Sturgis has already intersected silver. In 2023, hole ST-23-001 returned 48.8 g/t silver and 0.19% copper over 19.0 meters, including 114 g/t silver over 2.0 meters, plus a separate interval of 12.15 g/t silver over 10.5 meters. Both intervals are in the Macumber Formation. These are lengths measured along the drill hole. The true thickness of the mineralized zones is not yet known. TruSilver also has a major neighbor. In late 2025, Rio Tinto Exploration Canada, part of Rio Tinto Plc. (RIO:NYSE; RIO:LSE), staked 2,363 claims under 30 exploration licenses in the Minas sub-basin, surrounding the project, according to the release. The company said Rio Tinto is not affiliated with TruSilver. No mineral resource has been estimated for the project. An independent NI 43-101 technical report on Sturgis-Walton, effective October 7, was prepared by David Murray, P.Geo., of Resourceful Geoscience Solutions. <center> <h2>Branch Found, Preparing to Drill for the Trunk</h2> </center> TruSilver became publicly traded through a qualifying transaction with Galaxy Ventures Inc. (GXY.P:TSXV), a capital pool company. Galaxy became the resulting issuer, changing its name to TruSilver Metals Corp., while the former private TruSilver Metals Corp. continued as a wholly owned subsidiary under the name TruSilver Resources Corp. Under the <a href="https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/galaxy-ventures-inc.-receives-conditional-approval-for-qualifying-tr-1235085" target="_blank" rel="noopener">deal</a>, Galaxy consolidated its shares on a 1-for-2.5 basis and changed its name to TruSilver Metals Corp. The former private TruSilver Metals Corp. then amalgamated with Galaxy's wholly owned subsidiary, with the resulting company continuing as TruSilver Resources Corp., a wholly owned subsidiary of the listed issuer. The transaction <a href="https://www.canadianminingjournal.com/?p=1003791390" target="_blank" rel="noopener">closed on October 20</a>, and the company <a href="https://www.webdisclosure.com/press-release/galaxy-ventures-inc-cve-gxy.p-nova-scotia-silver-explorer-trusilver-metals-corp-anticipates-tsxv-trading-under-tag-on-october-27-hOJl85DiXZK" target="_blank" rel="noopener">expected about 42.5 million shares to be outstanding after closing</a>. <a href="https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/galaxy-ventures-inc.-receives-conditional-approval-for-qualifying-tr-1235085" target="_blank" rel="noopener">A concurrent financing raised</a> gross proceeds of about CA$2.8 million to fund drilling and working capital. Insiders of TruSilver and Galaxy subscribed for about CA$545,000 of that total. "Today TruSilver becomes a public company with a permitted target, a funded program and a team that has done this before," Gross said at the closing. "From here, the drill does the talking." <blockquote class="callOut left">"If TruSilver encounters anything close to Walton's spectacular historical silver grades, we believe the stock could re-rate sharply, potentially delivering gains of 50% or more," Silver Stock Investor 's Ted Butler wrote. </blockquote> According to the company, its team has held senior technical and board roles at IAMGOLD Corp. (IMG:TSX; IAG:NYSE), Noranda-Falconbridge, Glencore Plc (GLEN:LSE; GLN:JSE; GLCNF:OTCMKTS), Sherritt International (S:TSX;SHERF:OTCMKTS), and Sibanye-Stillwater Ltd. (SBSW:NYSE). Matt Rees, vice president of exploration, a director, and former chief geologist at IAMGOLD, is the qualified person for the Sturgis-Walton project. The Walton Mine operated from 1941 to 1978. It began as an open-pit barite operation, and lead-zinc-copper-silver sulphide mineralization was discovered beneath the barite in 1955, according to an <a href="https://webdisclosure.com/press-release/galaxy-ventures-inc-cve-gxy.p-galaxy-ventures-inc-trusilver-deepens-1960s-holes-to-712-metres-logs-sulphides-next-to-past-producing-walton-silver-mine-A6YSUI6jcuy" target="_blank" rel="noopener">August 18 release</a>. That month, TruSilver re-entered and deepened two holes drilled in the 1960s at Sturgis, S68-5 and S70-1. It extended S70-1 from 371 meters to 712 meters and logged repeated fine-grained sulphides between about 543 meters and 593 meters. Those deepened holes opened the way for the downhole surveys that helped guide the location of the first new hole. "We deepened these holes to get geophysical tools down them, and we came away with more than that," Gross said at the time. The 2026/27 program calls for about 3,500 meters of drilling in five diamond drill holes. TruSilver said it will announce when ST-2026-01A is underway and when it finalizes its interpretation of the downhole EM and ground AMT surveys. It said it will release assay results as it receives them, noting that laboratory turnaround is currently four weeks or more. "Was Walton just the branch? Starting in November, we drill for the trunk," Gross said in the closing announcement. <center> <h2>Newsletter Adds TruSilver to Its Portfolio</h2> </center> In a <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/trusilver-drilling-for-canadas-next-major-silver-discovery-in-the-shadow-of-a-historic-barite-mine/" target="_blank" rel="noopener">November 3 review</a> for Peter Krauth's Silver Stock Investor newsletter, Senior Analyst Ted Butler said the newsletter is adding TruSilver to its portfolio, "believing the potential rewards outweigh the risks as the company drills for Canada's next major silver discovery." Butler noted that Canada ranks only 16th globally in silver production, which he said "opens the door for ambitious explorers to strike silver on Canadian soil." Butler pointed to a historical intercept at Walton of 5,275 g/t silver over 12.8 meters. This lies beneath the flooded mine and outside TruSilver's property. He called Rio Tinto's staking around the project "this significant stamp of approval," adding that "majors of Rio Tinto's size seldom waste their time on anything but very large deposits." "If TruSilver encounters anything close to Walton's spectacular historical silver grades, we believe the stock could re-rate sharply, potentially delivering gains of 50% or more," Butler wrote. He cited the company's market capitalization of about CA$14 million at the time of writing, along with what he called "an unusually accomplished team for a junior explorer of its size." He also noted that CEO Michael Gross and co-founder Jim Michaelis together own about 21.7% of the company. The newsletter disclosed that Krauth participated in TruSilver's June financing, while the company was still private. <center> <h2>The Case for Silver Is Still Building</h2> </center> Silver's steep decline from its January record masks a market that analysts say is still structurally short of metal. The metal hit an all-time high of US$121.67 per ounce on January 29, according to <a href="https://www.moneymetals.com/price/silver-price-all-time-high" target="_blank" rel="noopener">Money Metals</a>. It was trading at about US$49 on November 3, <a href="https://fortune.com/article/current-price-of-silver-11-3-2026/" target="_blank" rel="noopener">Fortune reported</a>. Money Metals noted that swings of this size are typical for silver, which is a smaller and less liquid market than gold. The supply picture behind the price hasn't changed. Metals Focus expects 2026 to be the sixth straight year in which silver demand outstrips supply, with a shortfall of 46.3 million ounces, <a href="https://news.metal.com/newscontent/103860395-Silver-Institute-Warns-Silver-to-Face-Undersupply-for-Sixth-Consecutive-Year-as-Investment-Demand-Grows-Increasingly-Inf" target="_blank" rel="noopener">Shanghai Metals Market reported</a>. Mine supply is expected to stay basically flat. Demand for physical coins and bars is expected to jump 18% to its highest level since 2022. Metals Focus Managing Director Philip Newman said: "The silver market is increasingly driven by investment flows, macroeconomic uncertainty, and tightening liquidity." Artificial intelligence (AI) has added a new source of demand. Ned Naylor-Leyland, Chris Mahoney, and Joe Lunn, investment managers at Jupiter Asset Management, noted in a <a href="https://www.jupiteram.com/usnrc/en/professional/insights/silver-ai-and-next-generation-demand/" target="_blank" rel="noopener">September 1 analysis</a> that silver is used in data center computer hardware, power management, cooling, and networking. It is also used in the generation and transmission of the electricity those centers consume. They cited plans by Amazon.com Inc. (AMZN:NASDAQ), Meta Platforms Inc. (META:NASDAQ), Microsoft Corp. (MSFT:NASDAQ), and Alphabet Inc. Class A (GOOGL:NASDAQ) to raise AI infrastructure spending to US$745 billion this year from US$410 billion last year. They also cited International Energy Agency projections that U.S. data centers will use 9.3% of the country's power by 2030. "Silver is critical to AI and data center-related infrastructure," they wrote, adding that it "may be the biggest potential constraint to future AI/data center expansion." They also noted that silver miners trade at about 1.26 times net asset value, well below their 2018 valuation. Governments are taking notice. The U.S. Geological Survey added silver to its list of critical minerals in November 2025, <a href="https://www.kitco.com/news/article/2025-11-07/precious-critical-silvers-new-status-could-reshape-its-global-supply-chains" target="_blank" rel="noopener">Kitco News reported</a>. More than 60% of silver demand now comes from industrial uses. "There's definitely going to be far more tightness in the silver market," said Matthew Piggott, director of gold and silver at Metals Focus. <div>[GR_OWNERSHIP_11763] <div><center> <h2>Ownership and Share Structure1</h2> </center> Management and insiders own approximately 39.00% of TruSilver, with retail investors accounting for the balance. The largest disclosed holders include William White (13.05%), James Michaelis (11.99%), and Michael Gross (9.68%). The company has roughly 42.54 million shares outstanding and a market capitalization of about CA$14.0 million. No verified insider open-market buys or sells were found for the last six months. No current warrants were found. Public records show one historical share restructure. </div> <div><center> <h2>Common Questions from Investors</h2> </center></div> </div> What is TruSilver preparing to drill? TruSilver began mobilizing a diamond drill rig to the Sturgis Target on October 27 to prepare for drilling hole ST-2026-01A, the first hole of its 2026/27 program. What is the Sturgis Target? The company describes the Sturgis Target as a gravity anomaly of more than 1 mGal and more than 800 meters long, with conductive zones identified by audio-magnetotelluric surveying. It lies about 1 kilometer south of the historic Walton Mine, and TruSilver believes it may be a deeper part of the mineralizing system that formed Walton. Does TruSilver own the Walton Mine? No. The historic Walton Mine is outside TruSilver's property. It operated from 1941 to 1978, beginning as a barite operation, and historical sources report its silver head grades at 350 to 933 g/t. The company notes that these figures have not been verified. What has earlier drilling found at Sturgis? In 2023, hole ST-23-001 returned 48.8 g/t silver and 0.19% copper over 19.0 meters, including 114 g/t silver over 2.0 meters, in the Macumber Formation. True widths are unknown. Why does Rio Tinto's activity matter? Rio Tinto Exploration Canada staked 2,363 claims surrounding the project in late 2025. Silver Stock Investor's Ted Butler called the staking "this significant stamp of approval." The company said Rio Tinto is not affiliated with TruSilver. What news can investors expect next? TruSilver said it will announce when ST-2026-01A is underway and when it finalizes its interpretation of its downhole EM and ground AMT surveys. It will release assay results as it receives them, and laboratory turnaround is currently four weeks or more. <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 Amazon.com Inc. and Alphabet Inc. Class A.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for TruSilver were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-04 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-11-04 and excludes option exercises. These are public-source estimates and can differ from a later official register. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32969"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32969" width="0" height="0"> ( Companies Mentioned: TAG:TSXV, ) Thu, 05 Nov 2026 00:00:00 PST Nickel Miner's Feasibility Study, Fresh Drill Results Could Land Before Year-End https://www.streetwisereports.com/article/2026/11/05/nickel-miner-apos-s-feasibility-study-fresh-drill-results-could-land-before-year-end.html Source: <a href="https://www.streetwisereports.com/article/2026/11/05/nickel-miner-apos-s-feasibility-study-fresh-drill-results-could-land-before-year-end.html?utm_medium=feed">Streetwise Reports 11/05/2026</a> Talon Metals Corp. (TLO:TSX; TLOFF:OTCMKTS) is expected to release a Tamarack feasibility study, new Vault Zone drill results, and a Michigan exploration update before the end of 2026. Find out why one newsletter writer recently added to his position in the nickel producer.<h2>Key Investor Takeaways</h2> <ul> <li>Talon Metals Corp. expects to complete the Tamarack feasibility study in Q4 2026, and newsletter writer Robert Sinn said the study could also include an update on Talon's agreement with Rio Tinto.</li> <li>Talon owns 51% of Tamarack and has an earn-in right to 60%. According to Sinn, it reaches 60% once it delivers the feasibility study and pays Rio Tinto US$10 million.</li> <li>On September 9, Talon reported a record 46.43-meter Vault Zone intercept grading 13.37% nickel and 16.54% copper, and it plans to keep step-out drilling laterally and at depth.</li> <li>In Michigan, Talon reported a mineralized magmatic conduit at the Roland target on October 6, and Sinn expects another exploration update over the coming weeks.</li> <li>Talon selected its Humboldt Mill as Tamarack's processing site, and the public scoping comment period for the Tamarack Environmental Impact Statement closed on September 14.</li> <li>The January 2026 acquisition of the Eagle Mine and Humboldt Mill made Talon a producer, and the company reported Q2 2026 revenue of US$51.5 million and net income of US$3.2 million.</li> <li>AI-driven electricity demand is boosting the outlook for copper and nickel, and Talon owns what it describes as the only primary nickel mine operating in the U.S.</li> </ul> <h2>Talon Gears Up for a News-Heavy Year-End</h2> Talon Metals Corp. (TLO:TSX; TLOFF:OTCMKTS) has several catalysts lined up for the rest of 2026. The most significant is the completion of what could be the most important document in the Tamarack Project's history. Robert Sinn of Goldfinger Capital wrote in his <a href="https://robertsinn.substack.com/p/the-charts-of-the-week-1112026-macro" target="_blank" rel="noopener">November 1 Charts of the Week newsletter</a> that Talon "should have a busy finish to 2026." He expects more drill results from the high-grade Vault Zone at the company's Tamarack Nickel-Copper-Cobalt Project in central Minnesota. He also said that "Talon should have another Michigan exploration update out over the coming weeks" covering the Roland, Boulderdash, and Clipper targets. The largest of the expected catalysts is the Tamarack feasibility study. Sinn wrote that he is "anticipating the imminent release of the Feasibility Study," and that it "could also include an update on Talon's agreement with Rio Tinto." Talon has said it expects to <a href="https://www.newsfilecorp.com/release/313925/Talon-Metals-Selects-Humboldt-Mill-as-the-Processing-Location-for-Tamarack-Project" target="_blank" rel="noopener">complete the study in Q4 2026</a>. Sinn also discussed ownership of the project. Talon owns 51% of Tamarack in a joint venture with Rio Tinto Plc. (RIO:NYSE; RIO:LSE) and has an earn-in right to increase its stake to 60%. According to Sinn, Talon becomes the 60% owner once it delivers the feasibility study and pays Rio Tinto US$10 million in cash. Sinn said he is not sure what an updated agreement with Rio Tinto would look like. He said he would prefer that Talon become the 100% owner, even if that means giving Rio Tinto a large block of stock and contingent payments tied to commercial production and future production milestones. Talon's most recent Vault Zone results came on September 9, when the company <a href="https://www.newsfilecorp.com/release/313725/Talon-Metals-Reports-Assays-from-Record-46.43-Meter-Vault-Zone-Intercept-at-Tamarack" target="_blank" rel="noopener">reported assays</a> from hole 25TK0562A. The hole intersected a record 46.43 meters of massive and mixed massive sulphide grading 13.37% nickel, 16.54% copper, 7.85 grams per tonne (g/t) palladium, 14.49 g/t platinum, and 8.56 g/t gold, or 27.39% nickel equivalent. That included 26.22 meters grading 14.95% nickel and 17.85% copper. The company said it is the longest combined massive sulphide intercept reported to date at Tamarack. The Vault Zone is a high-grade system below the existing Tamarack resource area. "When we named the Vault Zone, we didn't realize quite how appropriate that name might become," said Chief Exploration Officer Brian Goldner. Talon said it will continue step-out drilling laterally and at depth. In Michigan, Talon reported on October 6 the <a href="https://www.newsfilecorp.com/release/317476/Talon-Metals-Discovers-Mineralized-Magmatic-Conduit-at-Roland-NickelCopper-Target-in-Michigan">discovery of a mineralized magmatic conduit</a> at the Roland target in Baraga County. Hole 26RL0010 intersected 25.85 meters grading 0.77% nickel and 0.47% copper, including 1.35 meters of 5.37% nickel. The company said the conduit is up to about 71 meters thick, and it interprets the conduit as possibly a keel-style feature similar to the Keel at the Eagle East deposit. "Our focus now is to follow the mineralization upstream within the conduit and test for its source," Goldner said. <h2>From Explorer to Producer</h2> In January 2026, Talon <a href="https://www.newsfilecorp.com/release/309592" target="_blank" rel="noopener">acquired the Eagle Mine and Humboldt Mill</a> in Michigan from Lundin Mining Corp. (LUN:TSX; LUNMF:OTCMKTS), moving the company from development-stage explorer to producer. Talon describes Eagle as the only primary nickel mine operating in the United States. Humboldt has run continuously since Eagle began commercial production in 2014, using conventional flotation to produce separate nickel and copper concentrates. Tamarack remains Talon's flagship development project, and Talon says it covers an 18-kilometer strike length in central Minnesota. The Vault Zone is a high-grade nickel-copper system below the existing Tamarack resource area. Talon said its latest results support the view that the system remains open, particularly at depth. Talon also holds a regional land package of about 400,000 acres in Michigan. Guided by a geological model informed by the Eagle East discovery, the company is evaluating several priority nickel-copper targets there, including Boulderdash in Marquette County. Talon has also received U.S. government backing. The U.S. Department of Energy selected the company for a US$114.8 million grant under the Bipartisan Infrastructure Law, originally for a planned processing facility in North Dakota. The U.S. Department of War also awarded Talon a US$20.6 million grant for exploration in Minnesota and Michigan. <h2>Humboldt Picked as Tamarack's Processing Hub</h2> On September 10, Talon <a href="https://www.newsfilecorp.com/release/313925/Talon-Metals-Selects-Humboldt-Mill-as-the-Processing-Location-for-Tamarack-Project" target="_blank" rel="noopener">selected its Humboldt Mill</a> in Marquette County as the processing location for Tamarack material. As a result, Talon will not pursue its proposed Beulah Minerals Processing Facility in Mercer County, North Dakota. The company said it is in discussions with the U.S. Department of Energy about the future of the US$114.8 million award that was tied to Beulah. "The Humboldt Mill gives us the opportunity to build on an existing U.S. processing facility with a proven operational and environmental track record and a highly experienced workforce," said CEO Darby Stacey. "We see real value in making the best use of infrastructure we already own." According to the company, Humboldt is already listed as an off-site processing option in the Minnesota Department of Natural Resources (MN DNR) environmental review materials for Tamarack. The feasibility study is evaluating material handling and process changes needed to process Tamarack material at the mill. Permitting advanced in mid-September. The 60-day public scoping comment period for the Tamarack Environmental Impact Statement (EIS) <a href="https://www.newsfilecorp.com/release/314502/Talon-Metals-Marks-Completion-of-Public-Scoping-Comment-Period-for-Tamarack-Mining-Project" target="_blank" rel="noopener">closed on September 14</a>. The MN DNR will next issue a Final Scoping Decision and then prepare a Draft EIS for public review and comment. Permit decisions can come only after the EIS is deemed adequate, and Talon said it is preparing state and federal permit applications in parallel. "Completion of the public scoping comment period is another important milestone for the Tamarack Mining Project," Stacey said. Talon <a href="https://www.newsfilecorp.com/release/309592">reported Q2 2026 results</a> on August 13. Revenue was US$51.5 million, and net income was US$3.2 million, or US$0.02 per share. Cash and investments stood at US$46.6 million on June 30, up from US$25.4 million at the end of 2025. Stacey said "operations finished Q2 strongly" after early-quarter equipment availability issues at Eagle were resolved. Third-quarter results are expected on November 13. <h2>Newsletter Writer Says Talon Is in the 'Buy Zone'</h2> <figure class="image"><img class="float_left" src="https://www.theaureport.com/images/auto_up/2026114102559_Talon_Metals_Chart.jpg" alt="" width="893" height="857" /> <figcaption>Source: Goldfinger Capital</figcaption> </figure> Sinn's <a href="https://robertsinn.substack.com/p/the-charts-of-the-week-1112026-macro" target="_blank" rel="noopener">November 1 newsletter</a> also covered Talon's chart. He called the company a "Goldfinger Capital Favorite" and listed it among seven junior miners he added to his positions the week before. "Talon is in the buy zone as it tests the confluence of the 104/156-day SMAs," Sinn wrote. He said the stock was also testing major long-term support and resistance near CA$7.00 per share. SMAs are simple moving averages, which track a stock's average closing price over a set number of trading days. Sinn said he expects a "target-rich environment" for individual mining stocks as November and December bring what he calls the sector's annual "Tax Loss Silly Season." He disclosed that he owns shares of Talon. Sinn had also written about Talon after its Michigan discovery. In an <a href="https://robertsinn.substack.com/p/the-sun-is-shining-on-the-midcontinent" target="_blank" rel="noopener">October 7 article</a>, he said, "Talon's latest breakthrough at Roland adds another compelling discovery to the Boulderdash success announced in 2024." He added, "Each successful hole helps sharpen the next target, and Roland is providing increasingly valuable clues." On <a href="https://www.streetwisereports.com/article/2026/09/30/a-focus-on-gold-silver-stocks-with-a-coming-low-in-the-gold-spx-ratio.html?utm_medium=feed" target="_blank" rel="noopener">October 5</a>, Gary Tanashian of Notes from the Rabbit Hole listed Talon as one of his "favored" junior mining companies. On September 10, Cantor Fitzgerald analyst Matthew O'Keefe reiterated a Speculative Buy rating on Talon in a company update and raised his price target from CA$8.00 to CA$9.40. "With continued high-grade results from the Tamarack Vault Zone and exploration potential at its Michigan properties, we see increasing upside potential from the discovery and delineation of additional high-grade resources," O'Keefe wrote. Additionally, according to <a href="https://www.tipranks.com/stocks/tse:tlo/forecast">TipRanks</a>, on September 10, Andrew Dusome of National Bank reiterated a "Buy" and raised his target to CA$13.00 from CA$8.00 on the stock. On August 17, Craig Hutchison of TD Cowen reiterated a "Buy" and raised his target to CA$8.50 from CA$7.50. <h2>The Power Crunch Behind the Metals Trade</h2> Talon's two main metals sit at the center of a growing energy problem. Artificial intelligence (AI) is driving up demand for electricity, and the wiring, grid equipment, and backup power needed to deliver it depend on copper and nickel. The demand on the grid is already measurable. In a <a href="https://www.americanactionforum.org/insight/ai-data-center-power-surge-shifting-trends-toward-natural-gas/" target="_blank" rel="noopener">May 4 analysis</a>, the American Action Forum cited U.S. Department of Energy estimates that data centers used about 4.4% of U.S. electricity in 2023. That share could reach 6.7% to 12% by 2028. The group also cited S&P Global's projection that grid-power demand from data centers will nearly triple by 2030. Copper is the most direct way to play that buildout. In a <a href="https://www.bhp.com/news/bhp-insights/2025/01/why-ai-tools-and-data-centres-are-driving-copper-demand" target="_blank" rel="noopener">January 2025 analysis</a>, BHP Group Ltd. (BHP:NYSE; BHPLF:OTCPK) cited a study of Microsoft's US$500 million data center in Chicago, which used 2,177 tonnes of copper, or about 27 tonnes for every megawatt of power. The mining company estimated that copper use in data centers worldwide will grow sixfold by 2050, from about half a million tonnes a year to about 3 million tonnes. Over the longer term, S&P Global's <a href="https://www.spglobal.com/content/dam/spglobal/global-assets/en/special-reports/copper-in-the-age-of-ai/Copper%20in%20the%20Age%20of%20AI_Full%20Report_January%202026.pdf" target="_blank" rel="noopener">Copper in the Age of AI</a> report projects global copper demand will rise about 50% by 2040, from 28 million tonnes to 42 million tonnes. It projects about 2 million tonnes of that added demand will come from AI and data centers. The report also projects that defense-related copper demand will roughly triple. Without meaningful new supply, S&P Global warned, the world faces a shortfall of about 10 million tonnes by 2040. Nickel's link to the energy crunch is less direct but growing. Economist Jose Luis Chavez Calva wrote in an <a href="https://joseluischavezcalva.substack.com/p/nickel-in-2026" target="_blank" rel="noopener">April 30 analysis</a> that nickel benefits from the grid upgrades driven by AI data centers, as well as from nickel-based batteries used for data center backup power and grid-scale storage. He also described Class 1 nickel as "essential for batteries, superalloys, and electroplating." Indonesia, the world's largest nickel producer, approved lower nickel ore production quotas for 2026 than it did last year, <a href="https://www.kitco.com/news/off-the-wire/2026-10-13/global-nickel-market-set-surplus-year-and-next-insg-says" target="_blank" rel="noopener">Reuters reported via Kitco</a> on October 13. Demand is also rising. The International Nickel Study Group (INSG) expects global nickel demand to reach about 3.85 million tonnes in 2026, up 7.6% from last year, and 4 million tonnes in 2027. It said it expects the stainless steel sector to expand further through 2027. With production forecast at 3.87 million tonnes, the INSG now sees the market ending 2026 in a slight surplus of 19,000 tonnes, reversing a deficit it forecast in April, and expects the surplus to widen to 70,000 tonnes in 2027. For the United States, the supply question is also a security issue. In proposing nickel for the U.S. critical minerals list, the U.S. Geological Survey cited the risk of "single points of failure" in domestic supply, noting that the Eagle Mine in Michigan was the country's only operating nickel mine, <a href="https://www.mining.com/web/the-united-states-adds-nickel-zinc-to-critical-minerals-list/" target="_blank" rel="noopener">Mining.com reported</a>. Talon now owns Eagle, which it describes as the only primary nickel mine operating in the U.S. Its Humboldt Mill produces separate nickel and copper concentrates, and the company plans to process Tamarack material there as well. <div>[GR_OWNERSHIP_1441] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 14.40% of Talon Metals, strategic entities hold about 9.08%, and Management and insiders own approximately 1.53%, with retail investors accounting for the balance. The largest disclosed holders are Pallinghurst Group (9.08%) and Capital Research and Management Company (7.71%). The company has roughly 161.97 million shares outstanding and a market capitalization of about CA$1.20 billion. Insiders were net sellers over the last six months, purchasing about 254,650 shares and selling about 294,990 shares. 2 series of warrants remain outstanding. Public records show 2 historical share restructures. </div> </div> <h2>Common Questions from Investors</h2> What news is Talon Metals expected to release before the end of 2026? Robert Sinn of Goldfinger Capital expects more Vault Zone drill results from Tamarack and a Michigan exploration update on the Roland, Boulderdash, and Clipper targets. The biggest expected catalyst is the Tamarack feasibility study, which Talon expects to complete in Q4 2026. How could the feasibility study affect Talon's ownership of Tamarack? Talon owns 51% of Tamarack in a joint venture with Rio Tinto and has an earn-in right to 60%. According to Sinn, Talon reaches 60% once it delivers the feasibility study and pays Rio Tinto US$10 million in cash. Sinn said the study could also bring an update on the agreement and that he would prefer Talon own 100% of the project. What did Talon find in its latest Vault Zone drilling? On September 9, Talon reported that hole 25TK0562A intersected a record 46.43 meters of massive and mixed massive sulphide grading 13.37% nickel, 16.54% copper, and 27.39% nickel equivalent. The company said it is the longest combined massive sulphide intercept reported to date at Tamarack. What is the Roland discovery in Michigan? On October 6, Talon reported a mineralized magmatic conduit at the Roland target in Baraga County. Hole 26RL0010 intersected 25.85 meters grading 0.77% nickel and 0.47% copper, including 1.35 meters of 5.37% nickel. Talon plans to follow the mineralization upstream to test for its source. Why did Talon choose the Humboldt Mill to process Tamarack material? Talon said Humboldt is an existing U.S. processing facility with a proven operational and environmental track record and an experienced workforce. As a result, the company will not pursue its proposed Beulah facility in North Dakota and is in discussions with the U.S. Department of Energy about the related US$114.8 million award. Where does Tamarack stand in permitting? The 60-day public scoping comment period for the Tamarack Environmental Impact Statement closed on September 14. The Minnesota Department of Natural Resources will next issue a Final Scoping Decision and then prepare a Draft EIS. Talon is preparing state and federal permit applications in parallel. How do AI and the power crunch tie into Talon's metals? AI data centers are driving up electricity demand, and the grid buildout requires large amounts of copper. Nickel benefits from grid upgrades and from batteries used for backup power and storage. S&P Global projects global copper demand will rise about 50% by 2040. When will Talon report third-quarter results? Talon's third-quarter results are expected on November 13. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <div> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Talon Metals were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-04 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-11-04 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div> </div><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32968"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32968" width="0" height="0"> ( Companies Mentioned: TLO:TSX;TLOFF:OTCMKTS, ) Thu, 05 Nov 2026 00:00:00 PST Expert Sees US$10,000 Gold and 10% Inflation as Copper-Gold Junior Drills BC https://www.streetwisereports.com/article/2026/11/03/expert-sees-us-10-000-gold-and-10-inflation-as-copper-gold-junior-drills-bc.html Source: <a href="https://www.streetwisereports.com/article/2026/11/03/expert-sees-us-10-000-gold-and-10-inflation-as-copper-gold-junior-drills-bc.html?utm_medium=feed">Streetwise Reports 11/04/2026</a> As gold slides from its January record, Torr Metals Inc. (TMET:TSX.V; TMTIF:OTC; 3UO0:FSE) is drilling for copper and gold in British Columbia. Find out why one veteran metals trader sees US$10,000 gold within five years.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Vince Lanci of GoldFix sees gold at US$10,000 an ounce and inflation at 10% within two to five years. He expects cracks in credit and Treasury markets and a break in the AI bubble.</li> <li>Lanci said he is preparing to buy gold at US$3,500 to US$3,800 an ounce and silver at US$43 to US$48. He expects seasonal buying to pick up after mid-November.</li> <li>Gold is about 29% below its January record, but central banks bought 321 tonnes in the third quarter, the World Gold Council said.</li> <li>S&P Global sees copper demand rising 50% by 2040. Demand from AI and data centers, and from defense, is each set to roughly triple, contributing to a projected 10 million-tonne supply shortfall.</li> <li>Torr Metals Inc. is drilling a fully funded program of up to 6,000 meters at its Kolos copper-gold project in British Columbia, with assays pending.</li> <li>Technical analyst Stewart Thomson said Torr's chart formed an inverse head-and-shoulders bottom with a target of CA$0.28.1</li> </ul> <center> <h2>Gold to US$10,000?</h2> </center> Gold could hit US$10,000 an ounce within the next two to five years, along with 10% inflation, according to Vince Lanci, publisher of the GoldFix newsletter and managing partner at Echo Bay Partners. Lanci laid out his case in a <a href="https://vblgoldfix.substack.com/p/media-the-real-story-with-michelle" target="_blank" rel="noopener">November 2 interview</a> with host Michelle Makori on Miles Franklin Media. "Something is breaking," Lanci said. "The credit markets will crack, which could crack the Treasury market. That's one. The AI bubble will break, and there's nothing that's going to replace it. That's two." He doesn't think the Federal Reserve can hold the line on inflation for long. Governments on both sides of the Atlantic are spending heavily to rebuild their economies, on data centers in the U.S. and defense in Europe. "The Fed, which used to be the gas pedal, is now the brake," he said. "The question is, will Warsh put the brakes on enough to slow the economy? And he cannot afford to do that." Two to five years from now, he said, "we're talking about gold at US$10,000. We're talking about inflation at 10%. And we're talking about the need at that point for another Paul Volcker." Paul Volcker took over as Fed chair in 1979, with inflation heading toward a peak of 11.6% in March 1980. He drove the federal funds rate up to 20% by late 1980, which helped trigger a severe recession but brought inflation down to 3.7% by 1983, <a href="https://www.federalreservehistory.org/essays/anti-inflation-measures" target="_blank" rel="noopener">according to Federal Reserve History</a>. Lanci said this year's selling has more to do with timing than fundamentals. Hedge funds and banks whose tax years end October 31 sell their winners and losers, and trend-following funds pile on. "Right now, they are all running off a cliff selling it short," he said. He expects the selling to last until about mid-November, when advisers begin putting out their recommendations for next year. "Eight times out of 10, the market goes up between Thanksgiving and February," he said. He's preparing to buy. "I'm looking to deploy between 10% and 25% of my current dry powder to buy silver and gold," Lanci said. He named US$3,500 to US$3,800 an ounce for gold and US$43 to US$48 for silver. "You people out there, you should do what you want to do based on your own personal finances," he added. <center> <h2>The Golden Pivot East</h2> </center> Lanci sees the center of the gold market shifting toward Asia. He said China has grown frustrated with how slowly the BRICS group of nations is moving and is hedging its bets through Hong Kong. China is "moving tons and tons of gold to Hong Kong," he said, "and they're going to pursue their internationalization of the renminbi by piggybacking on gold's liquidity in Hong Kong." He said the Hong Kong exchange plans to expand its bullion storage to about 2,000 tons, with refiners looking to open there as well. "The whole epicenter of gold, the gold supply chain, is moving east," he said. <blockquote class="callOut left">Technical analyst Stewart Thomson rated Torr a Speculative Buy1</blockquote> He tied that shift to a plan by the London Metal Exchange (LME), owned by Hong Kong Exchanges and Clearing since 2012, to turn physical metal in its Hong Kong warehouses into digital tokens. Tokenizing metal "is not unlike a title search for a house," Lanci said, because it shows whether the metal has been pledged elsewhere. That makes it harder for banks to lend out the same metal several times. As less metal is available for that, he said, "the price of the metal will go up because the optionality will accrue to the owners." He called the arrangement "a door opening from the LME to have all the metal sucked out and go into Asia." Lanci said the biggest risk to his outlook is a turn toward global cooperation, which he doesn't expect. "The biggest risk to gold becoming a boring asset again ... is if the world starts getting along again. And I don't believe that the world will get along again," he said. For silver, he added that a return to US$120 an ounce could push manufacturers to use less silver or find substitutes, though "I don't see that happening." <center> <h2>Central Banks Keep Buying the Dip</h2> </center> Gold is well off its highs. The metal hit a record of about US$5,590 an ounce on January 28 and was trading near US$3,949 on November 3, roughly 29% lower, <a href="https://metalcharts.org/precious-metals-all-time-highs" target="_blank" rel="noopener">according to MetalCharts</a>. That puts it about 4% above the top of Lanci's buying range. The slide picked up in late October. Spot gold fell below US$4,000 for the first time since July and dropped as low as US$3,891.67 on October 30, as rising oil prices strengthened bets on another Federal Reserve rate hike, <a href="https://www.mining.com/?p=1217521" target="_blank" rel="noopener">Mining.com reported</a>. The biggest buyers haven't backed off. Central banks bought 321 tonnes of gold in the third quarter, well above their recent quarterly pace, bringing purchases this year to 675 tonnes, up 6% from a year earlier, the World Gold Council said in a <a href="https://www.tribuneindia.com/news/business/central-banks-buy-321-tonnes-of-gold-in-q3-lifting-2026-demand-to-675-tonnes-world-gold-council" target="_blank" rel="noopener">November 3 report</a>. Gold-backed exchange-traded funds took in 211 tonnes in the quarter, which the council tied to worries about inflation and government finances. Total gold demand reached a record US$566 billion in value through the first nine months. Some banks still see higher prices ahead. In September, Goldman Sachs held its target of US$5,400 an ounce for the end of 2027, saying tighter Fed policy changes when gold rallies, not where it ends up, <a href="https://investinglive.com/commodities/icymi-goldman-trims-end-2026-gold-forecast-to-4-650-but-holds-5-400-target-for-2027/" target="_blank" rel="noopener">investingLive reported</a>. <center> <h2>AI Is Hungry for Copper</h2> </center> Copper has had a strong year, despite a dip in October. Three-month copper on the London Metal Exchange (LME) traded at US$14,140 a tonne on October 30 and was headed for its first monthly loss since June, <a href="https://www.mining.com/web/copper-price-set-for-first-monthly-loss-since-june-as-ai-spending-worries-weigh" target="_blank" rel="noopener">Mining.com reported</a>. It set a record of US$14,875 a tonne in September. Worries that heavy spending on artificial intelligence (AI) might not pay off weighed on the market, while supply stayed tight: Chile's copper output fell 15% from a year earlier in September. The longer-term case rests heavily on AI. Data centers need copper for power, wiring, and cooling. S&P Global expects worldwide data center capacity to reach about 550 gigawatts by 2040, more than five times its 2022 level, according to a <a href="https://press.spglobal.com/2026-01-08-Substantial-Shortfall-in-Copper-Supply-Widens-as-the-Race-for-AI-and-Growing-Defense-Spending-Add-to-Accelerating-Demand,-New-S-P-Global-Study-Finds" target="_blank" rel="noopener">January 8 study</a>. It projects that copper demand from AI and data centers, and from defense, will each roughly triple, adding a combined 4 million tonnes. S&P Global sees copper demand rising 50% by 2040. Demand from AI and data centers, and from defense, is each set to roughly triple, contributing to a projected 10 million-tonne supply shortfall. The gap is a "systemic risk for global industries, technological advancement and economic growth," said Daniel Yergin, S&P Global's vice chairman. Earlier estimates from BloombergNEF showed data centers alone using about 400,000 tonnes of copper a year on average over the next decade, peaking at 572,000 tonnes in 2028, <a href="https://www.mining.com/ai-data-centers-to-worsen-copper-shortage-bnef/" target="_blank" rel="noopener">Mining.com reported</a>. <center> <h2>Torr Metals Zeroes In on Emerging Copper-Gold Porphyry System</h2> </center> One junior is hunting for both of the metals in this story. <a href="https://www.streetwisereports.com/pub/co/11133?utm_medium=feed">Torr Metals Inc. (TMET:TSX.V; TMTIF:OTC; 3UO0:FSE)</a> is exploring its Kolos copper-gold project, which covers 332 square kilometers in southern British Columbia. The project sits near Highway 5, about 40 kilometers south of Kamloops and 30 kilometers southeast of the Highland Valley Copper mine, <a href="https://www.newsfilecorp.com/release/315619/Torr-Metals-Drilling-Advances-Within-Bertha-North-CuAu-Porphyry-System-Toward-Interpreted-Source-Intrusion" target="_blank" rel="noopener">according to a September 23 release</a>. Torr also holds the Filion Gold Project in northern Ontario. Drilling at Torr Metals' Bertha North target continues to reveal signs of an extensive brand-new copper-gold porphyry system. On August 18, Torr <a href="https://www.torrmetals.com/news/torr-metals-intersects-copper-sulphides-and-potassic-altera-2026-08-18-qm-7281313387125231" target="_blank" rel="noopener">reported widespread hydrothermal alteration</a>, including potassically altered intrusive rocks, copper sulphides and native copper, providing important clues to the system's potential source. By September 23, Torr had drilled approximately 3,500 meters, encountering extensive alteration and mineralized structures across successive holes. Hole 26-KO-04 intersected a 40.6-meter brecciated and mineralized interval, while geophysics identified a prospective intrusive feature extending more than 1,000 meters below surface. The company said these findings were<a href="https://www.torrmetals.com/news/torr-metals-drilling-advances-within-bertha-north-cu-au-porphyry-sys-2026-09-23-doc-122483" target="_blank" rel="noopener"> helping refine its geological model and guide drilling toward the interpreted center</a>. With drilling now focused on testing the interpreted source, Torr is evaluating a geological model analogous to regional copper-gold porphyry systems such as the nearby New Afton copper-gold porphyry deposit. "We believe Bertha North is at a very early stage with significant new discovery potential," said President and Chief Executive Officer Malcolm Dorsey. Significant copper-gold mineralization at Bertha North could represent a potential major breakthrough for Torr, with three additional, equally compelling copper-gold porphyry targets remaining undrilled across the property, highlighting the project's broader discovery potential. <center> <h2>Chart Points to a Turn</h2> </center> In an October 15 update, technical analyst Stewart Thomson said Torr's chart had formed an inverse head-and-shoulders bottom, a classic reversal pattern, with a target of CA$0.28. He said the pattern's right shoulder showed "bull wedge action" and that the stochastics oscillator was oversold, which he called bullish. That target sits just above the top of the CA$0.08 to CA$0.27 trading range Thomson flagged in an earlier review on <a href="https://www.streetwisereports.com/article/2026/08/20/key-drill-results-and-explosive-chart-breakout-for-bc-copper-gold-explorer.html?utm_medium=feed" target="_blank" rel="noopener">August 20</a>.1 Torr "presents a compelling opportunity for investors seeking leveraged exposure to Tier-1 copper-gold discoveries," Thomson wrote. "The August 18, 2026, confirmation of potassic alteration and copper sulfides at Bertha North signals proximity to a high-grade porphyry core, significantly de-risking the district-scale potential of the Kolos Project." At the time of his analysis, with the stock at CA$0.15, Thomson identified CA$0.19, CA$0.27, and CA$0.46 as short-, medium-, and long-term resistance levels and rated Torr a Speculative Buy. He listed exploration, financing, dilution, commodity prices, and permitting as key risks. <div>[GR_OWNERSHIP_11133] <div><center> <h2>Ownership and Share Structure2</h2> </center> Strategic entities hold about 5.27% of Torr Metals, Management and insiders own approximately 2.02%, and institutions hold about 1.27%, with retail investors accounting for the balance. The largest disclosed holders include Torr Resources Corporation (4.77%), Man Group Plc (1.27%), John Williamson (1.10%), Sean Mager (0.77%), and 678119 Alberta Ltd (0.49%). The company has roughly 84.02 million shares outstanding, a market capitalization of about CA$9.24 million, and a 52-week trading range of approximately CA$0.08 to CA$0.27. No verified insider open-market buys or sells were found for the last six months. 12 series of warrants remain outstanding. Public records show one historical share restructure. </div> <center> <h2>Common Questions from Investors</h2> </center></div> Why does Vince Lanci see gold reaching US$10,000? Lanci expects strains in the financial system: cracks in credit and Treasury markets, and a break in the AI bubble. He also expects governments to keep spending heavily to rebuild their economies. He doesn't think the Fed can afford to slow the economy enough to tame inflation, and he sees gold at US$10,000 and inflation at 10% within two to five years. Why has gold fallen this year? Lanci said the selling has more to do with timing than fundamentals. Hedge funds and banks whose tax years end October 31 sell their winners and losers, and trend-following funds join in. Gold also dropped below US$4,000 in late October as rising oil prices strengthened bets on another Fed rate hike, Mining.com reported. Where would Lanci buy? He said he is looking to put 10% to 25% of his available cash to work, buying gold at US$3,500 to US$3,800 an ounce and silver at US$43 to US$48. He noted that investors should decide based on their own finances. Are central banks still buying gold? Yes. Central banks bought 321 tonnes in the third quarter, bringing purchases this year to 675 tonnes, up 6% from a year earlier, the World Gold Council said in its November 3 report. How does AI affect copper demand? Data centers need copper for power, wiring, and cooling. S&P Global expects data center capacity to reach about 550 gigawatts by 2040, more than five times its 2022 level. It also sees total copper demand rising 50% to 42 million tonnes, with mine production peaking in 2030. What is Torr Metals exploring? Torr is exploring its Kolos copper-gold project, which covers 332 square kilometers near Kamloops, British Columbia, and holds the Filion Gold Project in Ontario. Drilling at the Bertha North target has turned up signs of a copper-gold porphyry system, including copper sulfides and native copper. Assays are still pending. What does the chart say about Torr? Technical analyst Stewart Thomson said Torr's chart formed an inverse head-and-shoulders bottom, a classic reversal pattern, with a target of CA$0.28. He said the stochastics oscillator was oversold, which he called bullish.1 <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Torr Metals Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Torr Metals Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on August 20, 2026 <ol> <li>Torr Metals Inc. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$3,000 for the preparation of an independent technical research report.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed. Mr. Thomson owns no securities in Torr Metals Inc., and he has no direct financial relationship with the company.</li> </ol> 2. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Torr Metals were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-03 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-04 through 2026-11-03 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32963"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32963" width="0" height="0"> ( Companies Mentioned: TMET:TSX.V; TMTIF:OTC; 3UO0:FSE, ) Wed, 04 Nov 2026 00:00:00 PST Metals Market Volatility: Robert Sinn Highlights 'Unfazed' Mining Co. Amid Macro Mayhem https://www.streetwisereports.com/article/2026/11/04/metals-market-volatility-robert-sinn-highlights-unfazed-mining-co-amid-macro-mayhem.html Source: <a href="https://www.streetwisereports.com/article/2026/11/04/metals-market-volatility-robert-sinn-highlights-unfazed-mining-co-amid-macro-mayhem.html?utm_medium=feed">Streetwise Reports 11/04/2026</a> Metals markets face macro and geopolitical pressures as Robert Sinn of Goldfinger Capital highlights VR Resources Ltd.'s (VRR:TSXV; VRRCF:OTCQB; 5VR:FSE) cash position, New Boston drilling plans, and exploration potential.Robert Sinn, a mining investor and market commentator, recently highlighted <a href="https://www.streetwisereports.com/pub/co/9362?utm_medium=feed" target="_blank" rel="noopener">VR Resources Ltd. (VRR:TSXV; VRRCF:OTCQB; 5VR:FSE)</a> in his <a href="https://robertsinn.substack.com/p/the-charts-of-the-week-1112026-macro?utm_source=post-email-title&publication_id=2243983&post_id=223074193&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">November 1, 2026, market analysis</a>, pointing to the company’s cash position and plans to resume drilling at its New Boston molybdenum-copper-tungsten-silver project in Nevada. His comments came amid heightened volatility across metals markets, as macroeconomic uncertainty and geopolitical tensions weighed on investor sentiment. <h2>Key Investor Takeaways</h2> <ul> <li>Robert Sinn added VR Resources to his portfolio, highlighting its CA$8.5 million treasury, New Boston drilling, and expanded permitting.</li> <li>The company received approval for 16 New Boston drill sites, doubling the number previously permitted.</li> <li>August drilling at New Boston returned 317 m (meters) at 0.77% CuEq (copper equivalent) and 419 m at 0.48% CuEq within an 881 m mineralized hole.</li> <li>The company's September CA$7.5 million financing provides funding for follow-up exploration, while Bonita, also in Nevada, and the proposed Empire copper-nickel-PGM-gold transaction in Ontario offer additional potential catalysts.</li> </ul> <h2>A Metals Market Amid Global Tensions</h2> Broader metals markets entered November amid heightened volatility, with geopolitical tensions, inflation concerns, and shifting interest-rate expectations weighing on precious metals. Although longer-term forecasts remain constructive for several industrial metals, recent price declines have underscored the challenges facing mining equities and exploration companies. According to the<a href="https://www.worldbank.org/en/research/commodity-markets" target="_blank" rel="noopener"> World Bank's October 2026 Commodity Markets Outlook</a>, metal and mineral prices are expected to reach an all-time high this year, supported by gains in commodities including aluminum, copper, and tin. However, near-term trading has been considerably less predictable. The report points to Middle East conflict-related disruptions as a significant influence on global commodity markets. Still, copper has remained comparatively resilient despite broader volatility. The <a href="https://copper.com.au/news/mining/copper-weekly-brief-22-october-2026/" target="_blank" rel="noopener">International Copper Association Australia's October 22, 2026, market update</a> anticipated LME copper trading within a US$14,200-US$14,900-per-tonne range into November, while identifying U.S. trade policy, Chinese demand, and inventory movements as important market influences. Precious metals in general, meanwhile, experienced a sharp correction. Gold fell below US$3,900 per ounce on October 30 amid technology-sector selling and liquidation pressure, while a firm U.S. dollar and expectations for restrictive Federal Reserve policy added to the pressure on precious metals. <a href="https://www.kitco.com/news/article/2026-10-30/gold-falls-below-3900-silver-tumbles-wall-street-selloff-triggers" target="_blank" rel="noopener">Kitco reported</a> that silver also declined sharply during the session. Gold subsequently rebounded on November 2, 2026, illustrating the volatility currently affecting the sector. <h2>Macro Market Context and Robert Sinn's November 1 Analysis</h2> In his November 1, 2026, Substack article, "<a href="https://robertsinn.substack.com/p/the-charts-of-the-week-1112026-macro" target="_blank" rel="noopener">Macro Mayhem, Middle East Escalation Fears Pressure Metals Lower, Record Oil Producer Profits, & An Unfazed Gold Explorer</a>," market commentator Robert Sinn examined the relationship between geopolitical developments, capital flows, interest rates, and recent weakness across metals markets. Sinn describes the market as having returned to a "macro-driven, higher correlation environment," in which movements across asset classes and equity sectors are increasingly interconnected. He attributed recent market weakness partly to concerns about slowing AI investment returns, political uncertainty surrounding the U.S. midterm elections, and the potential for an economic slowdown. He also discussed the implications of higher energy prices resulting from the conflict involving Iran, noting that disruptions to oil transportation and refining have benefited some U.S. energy producers while adding pressure to consumers and the broader economy. <blockquote class="callOut left">Robert Sinn sees considerable exploration potential at New Boston, writing that the project could "grow very large" with a relatively small number of additional drill holes.</blockquote> Regarding precious metals, Sinn called out the possibility of a significant recovery if economic weakness eventually prompts the Federal Reserve to reverse course and cut interest rates. He said that, in such a scenario, he believes gold could reach new all-time highs "above US$5,600/oz." However, he also acknowledged that gold's recent decline has damaged investor sentiment and that additional downside remains possible. He identified US$3,800 per ounce as an important price level to watch and said he would want to see a weekly close above US$4,200 before seriously considering the correction finished. Against this backdrop, Sinn identified several junior mining companies he believes are worth watching. Among them is VR Resources, writing, "I was . . . adding to my stack of VRR.V shares last week." Sinn specifically highlighted VR Resources' New Boston molybdenum-copper-tungsten-silver porphyry project in Nevada. He noted that the company has received approval for 16 drill sites at the Jeep Mine area, doubling the eight locations previously permitted. Then, he pointed to the company's CA$8.5 million treasury and the experience gained through its first two drilling programs at New Boston. In Sinn's assessment, that experience, combined with the company's financial position and expanded permitting, puts it in a favorable position for its next round of drilling. He described VR Resources as being in an "enviable position" ahead of the next phase. Sinn expects VR Resources to resume drilling later in November, focusing on step-out holes at the Jeep Mine area. He also sees considerable exploration potential at New Boston, writing that the project could "grow very large" with a relatively small number of additional drill holes. <h2>VR's Latest News and Project Updates</h2> VR Resources' <a href="https://www.globenewswire.com/news-release/2026/10/20/3384052/0/en/vr-receives-noi-permit-with-expanded-drill-site-coverage-for-its-new-boston-moly-copper-tungsten-silver-porphyry-project-in-nevada.html" target="_blank" rel="noopener">October 20, 2026, announcement</a> confirmed that the Nevada Bureau of Land Management had approved the company's expanded Notice of Intent (NOI) drill permit application for New Boston. The approval increased the number of permitted drill sites from eight to 16, allowing drilling to proceed around the western portion of the New Boston porphyry-skarn system, including the Jeep Mine target. According to the release, VR Resources completed a site visit on October 8-9 to inspect the 16 approved locations and assess logistics for its planned drilling program. The expanded permit follows the company's <a href="https://www.globenewswire.com/news-release/2026/08/26/3351211/0/en/vr-intersects-317-m-at-0-77-cueq-starting-at-surface-above-419-m-of-0-48-cueq-in-881-m-drill-hole-of-continuous-polymetallic-stockwork-veining-at-new-boston-porphyry-skarn-project-.html" target="_blank" rel="noopener">August 26 drill results</a> from hole NB26-003, which intersected: <ul> <li>317 m grading 0.77% CuEq, starting at surface.</li> <li>419 m grading 0.48% CuEq, beginning at 460 m downhole.</li> <li>An 881 m interval of continuous polymetallic stockwork veining containing molybdenum, copper, tungsten, and silver mineralization.</li> </ul> The deeper interval included 31 m grading 0.98% CuEq within a mineralized diorite porphyry intrusion and skarn. A separate 2 m interval returned 33.4% CuEq, including 1.48% tungsten trioxide (WO3), 0.32% Cu, and 427 g/t Ag (silver). VR Resources has also strengthened its financial position through a <a href="https://www.streetwisereports.com/cs/ce/edit/na/vrr.ca/news/20260917/vr-resources-closes-75m-private-placement?utm_medium=feed" target="_blank" rel="noopener">September 2026 private placement</a>. On September 17, the company announced the closing of a CA$7.5 million financing involving 18.75 million units priced at CA$0.40 each. Each unit consisted of one common share and one-half of one warrant, with each whole warrant exercisable at CA$0.65 for two years. Management said the proceeds would support planning for follow-up drilling at New Boston, with a focus on the mineralization encountered in NB26-003. Beyond New Boston, VR Resources continues to advance its Bonita porphyry copper-gold project in Nevada. On July 28, 2026, the company reported <a href="https://www.globenewswire.com/news-release/2026/07/28/3334106/0/en/VR-Confirms-New-IP-and-Conductivity-Anomalies-on-its-Bonita-Property-Porphyry-Copper-Gold-Project-in-Nevada.html" target="_blank" rel="noopener">new induced polarization (IP) and conductivity anomalies</a> from a 3D-array DCIP geophysical survey at the Copper Queen target. The results included a conductivity anomaly near the Iron Chief specularite syenite breccia body and an IP chargeability anomaly on the southern flank of Copper Queen Hill. Management described these findings as exploration vectors toward the potential presence of a buried copper-gold stock or breccia body. VR Resources is also working to close the proposed farm-out transaction of its Empire copper-nickel-PGM-gold project in Ontario as announced last month on September 1, with drilling anticipated this winter. <h2>Stock Moving Toward Analyst Target</h2> 1In a separate August 27, 2026, analysis, technical analyst <a href="https://www.streetwisereports.com/article/2026/08/26/powerful-trading-volume-and-chart-breakout-as-canadian-explorer-announces-nevada-drill-results.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson</a> highlighted VR Resources' technical indicators following the New Boston drill results, noting that the stock had "surged through key resistance at CA$0.15 and CA$0.26, a bullish event." He pointed to rising trading volume and positive momentum indicators, including the Moving Average Convergence Divergence (MACD) and the Chaikin money flow indicator, as further signs of potential strength. As of the time of writing, VR Resources' stock is trading at CA$0.35. Thomson gave the stock a Speculative Buy rating and a short-term price target of CA$0.60, a medium-term target of CA$1.70, and a long-term target of CA$2.30. <h2>Looking Forward to Further Drilling</h2> The most immediate potential catalyst for VR Resources is follow-up drilling at New Boston. With the expanded permit and reclamation bond approved, the company can proceed with its planned program at the Jeep Mine area. Sinn expects drilling to resume later in November. The next program will build on the geological, geochemical, and alteration information obtained from NB26-003, with additional step-out drilling intended to test the extent of the mineralized system. Bonita represents another potential source of exploration news. The July geophysical results identified additional targets at Copper Queen, and further work could help refine the company's understanding of the property's buried copper-gold potential. Finally, VR also provided an update on September 1, 2026, for the proposed farmout transaction of its Empire copper-nickel-PGM-gold transaction in Ontario, with near-term upside potential tied to drilling planned for this winter. <div> <div>[GR_OWNERSHIP_9362] <div> <h2>Ownership and Share Structure2</h2> Institutions hold about 13.92% of VR Resources, while Management and insiders own approximately 1.55%, with retail investors accounting for the balance. The largest disclosed holder is Palisades Goldcorp Ltd. at about 13.87%. The company has roughly 61.04 million shares outstanding, a market capitalization of about CA$24.11 million, and a 52-week trading range of approximately CA$0.09 to CA$0.63. Insiders were sellers over the last six months, selling about 5,000 shares, with no verified open-market purchases in that window. 5 series of warrants remain outstanding. Public records show 2 historical share restructures. </div> </div> </div> <h2>Common Questions from Investors</h2> What did Robert Sinn say about VR Resources? Sinn said he purchased additional VR Resources shares and highlighted its cash position, New Boston drilling experience, and expanded drill permitting. He expects the company to resume drilling later in November 2026. What are VR Resources' main projects? Its exploration portfolio includes the New Boston molybdenum-copper-tungsten-silver project and the Bonita copper-gold project in Nevada, as well as the Empire and Silverback projects in Ontario. What is the significance of the expanded New Boston drill permit? The Bureau of Land Management approved an expanded permit covering 16 drill sites, up from eight previously. The approval allows the company to proceed with additional exploration at the project. What does Robert Sinn see as VR Resources' near-term catalyst? Sinn highlighted the company's anticipated return to drilling at New Boston, particularly planned step-out holes in the Jeep Mine Area. He expected drilling to resume later in November 2026, although that timing reflects his commentary rather than a confirmed company start date. <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>VR Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of VR Resources Ltd. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on August 27, 2026 <ol> <li> <div data-olk-copy-source="MailCompose">VR Resources Ltd. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$3,550 for the preparation of an independent technical research report, published on August 27, 2026.</div> </li> <li> <div>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed. Mr. Thomson owns no securities in VR Resources Ltd., and he has no direct financial relationship with the company.</div> </li> </ol> 2. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for VR Resources were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-03 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-04 through 2026-11-03 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32956"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32956" width="0" height="0"> ( Companies Mentioned: VRR:TSXV; VRRCF:OTCQB; 5VR:FSE, ) Wed, 04 Nov 2026 00:00:00 PST Mining Co.'s PEA Projects US$87M NPV for Nevada Gold-Silver Project https://www.streetwisereports.com/article/2026/11/30/mining-co-s-pea-projects-us-87m-npv-for-nevada-gold-silver-project.html Source: <a href="https://www.streetwisereports.com/article/2026/11/30/mining-co-s-pea-projects-us-87m-npv-for-nevada-gold-silver-project.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Star Gold Corp. (SRGZ:OTCQB) Longstreet PEA projects an US$87 million pre-tax NPV at US$3,600 gold, with additional exploration targets offering potential for resource expansion.<a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> reported a US$87 million pre-tax net present value (NPV) and a 48% internal rate of return (IRR) for its 100%-controlled Longstreet Gold-Silver Project in Nevada, according to <a href="https://stargoldcorp.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-longstreet" target="_blank" rel="noopener">a September 2026 Preliminary Economic Assessment</a> (PEA). The study, prepared by Kappes, Cassiday, & Associates in accordance with U.S. S-K 1300 standards, uses assumed prices of US$3,600 per ounce gold and US$48 per ounce silver. The assessment outlined a conventional open-pit, crushed heap-leach operation requiring approximately US$70 million in initial capital. Star Gold is also evaluating additional exploration targets beyond the initial mine plan as it advances engineering and permitting. <h2>Key Investor Takeaways</h2> <ul> <li>The September 2026 PEA estimates an US$87 million pre-tax NPV and 48% IRR at US$3,600/oz gold and US$48/oz silver.</li> <li>A higher-price sensitivity case of US$4,000/oz gold and US$60/oz silver projects a US$122 million pre-tax NPV and 63% IRR.</li> <li>The proposed operation targets average annual payable gold production of approximately 20,000 ounces, with estimated AISC of US$1,729/oz.</li> <li>The October 27 water-rights lease covers 2,471 acre-feet, supporting planned operations and potential expansion.</li> <li>Additional drilling at Opal Ridge and other exploration targets could help evaluate mineralization beyond the initial mine plan.</li> </ul> <h2>A PEA Informs Future Plans</h2> Star Gold's <a href="https://stargoldcorp.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-longstreet" target="_blank" rel="noopener">September 22, 2026, PEA</a> projects an after-tax NPV of US$67 million, a 40% IRR, and a 1.8-year payback period. Before taxes, the study estimates an NPV of US$87 million, a 48% IRR, and a 1.7-year payback period, using a 5% discount rate. A sensitivity case using US$4,000 gold and US$60 silver increases projected pre-tax NPV to US$122 million and IRR to 63%. The PEA evaluates a proposed operation processing approximately 5,500 tons of ore per day. The mine plan includes approximately 6.55 million tons of ore containing 105,461 ounces of gold, compared with a larger reported mineral resource of 11.1 million tons containing 132,414 ounces of gold and 4.84 million ounces of silver. Estimated life-of-mine payable production totals 88,587 ounces of gold and 354,701 ounces of silver. Average annual payable gold production is projected at approximately 20,000 ounces, with peak annual output of about 31,000 ounces. The study estimates total cash costs of US$1,617 per ounce of gold and all-in sustaining costs (AISC) of US$1,729 per ounce. Gold and silver recovery rates are estimated at 84% and 13%, respectively. Beyond the initial mine plan, Star Gold has identified additional exploration targets, including Opal Ridge, North, Cyprus Ridge, and Red Knob. CEO Lindsay Gorrill said the PEA incorporates only a portion of the known mineralization across the company's approximately 2,600-acre land package. "This PEA confirms what we have believed for years: Longstreet can be a simple, low-strip, oxide heap-leach mine with an estimated rapid payback in today's gold price environment," Gorrill said. The company's 2026 work program includes resource-expansion and metallurgical drilling, hydrologic work, and the first deep test of Opal Ridge. Results are intended to support an updated mineral resource estimate and further engineering studies. However, mineralization outside the current mine plan remains subject to additional exploration and evaluation. Most recently, on October 27, Star Gold announced a long-term lease covering 2,471 acre-feet of <a href="https://stargoldcorp.com/news/star-gold-corp-secures-long-term-lease-water-rights-longstreet" target="_blank" rel="noopener">water rights</a> for Longstreet. The company estimates annual water requirements of approximately 600 acre-feet for planned operations, or 720 acre-feet with a 30% contingency. The agreement provides additional water capacity for potential expansion and allows detailed design engineering to proceed using a defined supply assumption. <h2>Gold Sector in Corrective Phase</h2> <a href="https://www.kitco.com/news/off-the-wire/2026-10-30/gold-hits-3-12-month-low-fed-hike-fears-set-monthly-loss" target="_blank" rel="noopener">Gold prices fell below US$4,000 per ounce</a> on October 30, 2026, extending a sharp October correction as persistent U.S. inflation, rising energy costs, and expectations of additional Federal Reserve interest-rate increases weighed on bullion. At the time of writing, the metal was <a href="https://www.kitco.com/news/off-the-wire/2026-10-30/gold-hits-3-12-month-low-fed-hike-fears-set-monthly-loss" target="_blank" rel="noopener">down approximately 4.3% for October</a> and heading for a second consecutive monthly decline. The latest decline followed stronger-than-expected U.S. economic growth and accelerating inflation. U.S. GDP expanded more than anticipated in Q3, while September inflation increased as consumers paid more for gasoline and other goods. The Federal Reserve held interest rates steady at its October meeting, but persistent price pressures have strengthened expectations that policymakers could raise rates again in December. Higher interest rates generally weigh on gold because the non-yielding metal becomes less attractive relative to interest-bearing investments. For investors watching the November 3 U.S. midterm elections, the correction adds another variable to the gold outlook. Congressional control could influence fiscal policy, geopolitical funding, and the administration's regulatory agenda, but the immediate direction of bullion will also depend on inflation, Federal Reserve policy, energy prices, and the U.S. dollar. The <a href="https://www.gold.org/goldhub/gold-focus/2026/10/gold-and-midterms-time-different" target="_blank" rel="noopener">World Gold Council's October</a> analysis emphasized that the policies following an election, rather than the result itself, are generally more consequential for gold. Consequently, the midterms could influence the metal's longer-term outlook without necessarily reversing its current downward momentum. <h2>Upcoming Catalysts into 2027</h2> The final permit to begin production for the Main resource site is expected in Q3 or Q4 of 2027. Star Gold is also advancing the permitting process. The U.S. Forest Service approved its exploration and development Plan of Operations in May 2026, followed by Bureau of Land Management approval of a development work program in June. The company plans to submit a complete mine Plan of Operations application in early 2027, according to the <a href="https://www.sec.gov/Archives/edgar/data/1401835/000143774926032255/ex_1023296.htm" target="_blank" rel="noopener">PEA report</a>. <div></div> In an exclusive comment to Streetwise Reports, CEO Lindsay Gorrill said, "We continue to move as fast as we can to file our permit to move toward production, which unlocks the true value of what we have." <div> <div>[GR_OWNERSHIP_6021] <div> <h2>Ownership and Share Structure1</h2> Management and insiders own approximately 20.40% of Star Gold, while institutions hold about 15.60%, with retail investors accounting for the balance. The largest disclosed holders include Myrmikan Capital LLC / Myrmikan Gold Fund LLC (15.60%), Lindsay Edward Gorrill (15.30%), Thomas Power (2.40%), David Segelov (1.80%), and Gerard Pascale (0.18%). The company has roughly 204.71 million shares outstanding and a market capitalization of about US$30.6 million. No verified insider open-market buys or sells were found for the last six months. One series of warrants remains outstanding. Public records show one historical share restructure. </div> </div> </div> <h2>Common Questions From Investors</h2> What does the Longstreet PEA project? The September 2026 assessment estimates an US$87 million pre-tax NPV at a 5% discount rate and a 48% IRR, based on US$3,600/oz gold and US$48/oz silver. After taxes, NPV is estimated at US$67 million and IRR at 40%. What are Star Gold's next development milestones? The company plans to submit its complete mine Plan of Operations application in early 2027. Additional drilling, engineering, and permitting work are also planned as Star Gold advances Longstreet toward potential production. What is Longstreet's estimated initial capital cost? The PEA estimates approximately US$70 million in initial capital, including working capital. What processing method does the project use? Longstreet is designed as a conventional open-pit, crushed ore heap-leach operation. How much of the known gold resource is included in the mine plan? The mine plan includes 105,461 ounces of gold from a larger reported resource of 132,414 ounces. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Star Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Star Gold Corp. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Star Gold were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32952"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32952" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) Fri, 30 Oct 2026 00:00:00 PST Silver on Sale, AI on Fire: Silver-Tin Project Drills Into Metals AI Runs On https://www.streetwisereports.com/article/2026/11/04/silver-on-sale-ai-on-fire-silver-tin-project-drills-into-metals-ai-runs-on.html Source: <a href="https://www.streetwisereports.com/article/2026/11/04/silver-on-sale-ai-on-fire-silver-tin-project-drills-into-metals-ai-runs-on.html?utm_medium=feed">Streetwise Reports 11/04/2026</a> Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) is drilling for silver and tin in Bolivia, while Matthew Piepenburg of Von Greyerz sees silver's selloff as a buying opportunity.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Matthew Piepenburg of Von Greyerz sees silver's selloff as a buying opportunity while what he calls an AI bubble draws money away from metals.</li> <li>Silver trades about 59% below its January record of US$121.62 an ounce, but the Silver Institute still expects 2026 to be the sixth straight year of structural deficit.</li> <li>Eloro Resources Ltd.’s Iska Iska project in Bolivia hosts both silver and tin, the solder metal the International Tin Association calls “the glue” of the world’s electronics, though its tin-dominant resources are so far classified as Inferred.</li> <li>In October 7 results, hole DSB-96 returned 87.1 meters of 73.26 grams per tonne (g/t) silver and 0.18% tin. The hole is part of a 40,000-meter program to grow and upgrade the resource ahead of a planned Preliminary Economic Assessment (PEA).</li> <li>Eloro’s Hong Kong subsidiary, Eloro Resources (Asia) Ltd., serves as a hub for project development, concentrate sales, and investor outreach across Asia-Pacific.</li> <li>Cantor Fitzgerald kept its Speculative Buy rating and CA$5.00 target.</li> </ul> <center> <h2>Buy Low, Not the Bubble</h2> </center> Investors are dumping silver at a discount while piling into AI stocks near their peak. That's the argument Matthew Piepenburg, partner at Swiss precious metals firm Von Greyerz, makes in a <a href="https://vongreyerz.gold/chasing-ai-tops-ignoring-precious-metal-buy-signals" target="_blank" rel="noopener">recent interview</a> with Jesse Day of Commodity Culture. Silver has fallen sharply this year, and gold slipped back below US$4,000 an ounce in late October. Piepenburg sees the drop as an opening, not a warning. "I think silver wins either way," he said. "And the end game ahead of us is currency debasement." The money leaving metals, he said, is flowing into what he considers a far riskier trade. "The siren-like attraction in AI-related stocks and even more dangerously AI-related bonds is tempting money into the greatest misallocation of capital and credit and equity bubble that I've ever seen," Piepenburg said. "For now, the fast and speculative money is whipping straight past silver into an AI bubble." <center> <h2>Silver Is Going to Rip</h2> </center> Piepenburg gave several reasons for silver's slide this year. One is rising interest rates, which he said are "provisionally very hard on silver in particular, as this less powerful precious metal is more sensitive to rising rates than its mama metal gold." Another is the hedge funds and trend-following funds that trade silver on momentum. "These fund managers really don't see silver as a monetary metal or wealth preservation asset," he said. "To them, it's just another unemotional momentum trade." He predicted that central banks will change course by 2027 and start cutting rates and printing money. "I really strongly believe we're going to see a pivot from high rates and yields to desperate rate cuts and money printing by 2027," he said. "So once those liquidity measures come in, and they will, silver is going to rip again." Piepenburg, a long-term holder rather than a trader, said he views the selloff as a chance to buy. "We see the fire sale right now in silver ... as an amazing gift, as an amazing buying opportunity," he said. "We're simply waiting for all-time highs of January to be surpassed by multiples in the years ahead." On gold, he pointed to the world's central banks. "We have the highest pace of central bank gold stacking in history," he said. "The big boys are literally building their golden ark before the rain ... They want to buy before the price doubles and triples in the years ahead." <center> <h2>Silver's Half-Price Sale</h2> </center> Silver hit a record of approximately US$121.62 an ounce on January 29, then roughly halved through the first half of the year as a more hawkish Federal Reserve revived bets on rate hikes, <a href="https://metalcharts.org/silver-all-time-high" target="_blank" rel="noopener">according to MetalCharts</a>. Selling resumed in October. Silver fell about 18% for the month and fell below US$50 on October 30 for the first time since November 2025, <a href="https://www.mining.com/?p=1217521" target="_blank" rel="noopener">Mining.com reported</a>, as a tech-stock selloff forced investors to sell metals to cover losses. Technical indicators suggest the metal is oversold. Silver was about 25% below its 200-day moving average on October 28, <a href="https://www.freepressjournal.in/business/silver-crashes-58-from-record-high-will-history-repeat-the-1980-and-2011-meltdowns" target="_blank" rel="noopener">The Free Press Journal reported</a>. The selloff hasn't changed silver's supply picture. The Silver Institute expects 2026 to be the metal's sixth straight year of structural deficit, with a preliminary estimate of 67 million ounces, <a href="https://www.mining.com/web/rising-investment-to-keep-global-silver-demand-steady-in-2026-silver-institute-says" target="_blank" rel="noopener">Mining.com reported</a> on February 10. The institute also forecast that industrial demand would dip 2% this year, to 650 million ounces, as solar panel makers use less silver. It expects investment demand to keep the market in deficit. Gold has been pulled down with silver, but central banks keep buying. They added a net 39 tonnes in August, bringing reported purchases this year to 170 tonnes, <a href="https://www.gold.org/goldhub/gold-focus/2026/10/central-bank-gold-statistics-central-banks-continue-summer-spree-august" target="_blank" rel="noopener">according to the World Gold Council</a>. In September, Goldman Sachs kept its end-2027 gold target at US$5,400 an ounce. It said rate hikes have shifted the timing of the rally, not its destination, <a href="https://investinglive.com/commodities/icymi-goldman-trims-end-2026-gold-forecast-to-4-650-but-holds-5-400-target-for-2027/" target="_blank" rel="noopener">investingLive reported</a>. <center> <h2>The Metals AI Runs On</h2> </center> One company sits where both halves of Piepenburg's argument meet. <a href="https://www.streetwisereports.com/pub/co/440?utm_medium=feed" target="_blank" rel="noopener">Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE)</a> is exploring Iska Iska, a silver-tin polymetallic project in Bolivia's Potosí Department. Silver is the out-of-favor monetary metal Piepenburg says is on sale. Tin is the metal that holds AI's hardware together. "Tin is the glue which holds together all of the world's electronics as solder," Tom Langston of the International Tin Association said at LME Week in October, <a href="https://www.fastmarkets.com/?p=138456" target="_blank" rel="noopener">Fastmarkets reported</a>. He said the London Metal Exchange tin price has more than doubled since 2024 as semiconductor sales reach record highs. "Significant investment in new supply will be needed to avoid structural deficits in the next decade," Langston said. Eloro’s April 2026 updated mineral resource estimate splits Iska Iska into two levels of geological confidence, <a href="https://www.newsfilecorp.com/release/293755/Eloro-Resources-Reports-Substantial-Resource-Growth-in-Updated-Mineral-Resource-Estimate-at-Its-Iska-Iska-Project-Potosi-Department-Southwestern-Bolivia" target="_blank" rel="noopener">according to its April 22 release</a>. The higher-confidence Indicated resource, 85.17 million tonnes grading 40 grams per tonne (g/t) silver, or 109.53 million ounces, comes primarily from the silver-lead-zinc polymetallic domain. The much larger Inferred resource totals 945.43 million tonnes at 8.5 g/t silver, or 248.6 million ounces. The tin-dominant resources are classified as Inferred, including 31.01 million tonnes grading 0.20% tin in the tin-dominant domain and 61.92 million tonnes grading 27 g/t silver and 0.06% tin in the silver-dominant domain. The company is now drilling a 40,000-meter expansion program to grow and upgrade that resource ahead of a planned Preliminary Economic Assessment (PEA). Drilling is expected to continue well into 2027, and the company expects to release the PEA in the second quarter of 2027. In its first expansion results, <a href="https://elororesources.com/news-and-media/news/eloro-resources-intersects-87.10-metres-grading-73-317818/" target="_blank" rel="noopener">released October 7</a>, hole DSB-96 returned 87.1 meters grading 73.26 g/t silver and 0.18% tin from 40.4 meters, within a broader 126.1 meters of 54.92 g/t silver. Closer to surface, the same hole hit 17.9 meters of 190.5 g/t silver and 0.45% tin. <center> <h2>More Holes and a Hong Kong Hub</h2> </center> Eloro reported results from three expansion holes on October 7. Besides the DSB-96 intercepts, hole DSB-94 returned 42 meters of 38.98 g/t silver within 79.5 meters of 30.83 g/t silver, plus 43.5 meters of 0.16% tin deeper in the hole. Hole DSB-95 cut 6 meters of 42.5 g/t silver with 1.15 g/t gold, 8.07% zinc, and 1.23% lead. Eloro says true widths are about 80% of core length. The company is also building a presence in Asia. On September 17, Eloro said it was forming a wholly owned Hong Kong subsidiary, Eloro Resources (Asia) Ltd., <a href="https://www.newsfilecorp.com/release/314735" target="_blank" rel="noopener">according to its release</a>. <blockquote class="callOut left">Cantor kept its Speculative Buy rating and CA$5.00 target price.</blockquote> The unit, which now has an office in Hong Kong, serves as a regional hub for project development, concentrate sales and marketing, investor relations, and capital-markets outreach across the Asia-Pacific region. Jean-Sébastien Jacquetin, Eloro’s managing director for Asia-Pacific and managing partner of Cavendish Investment Capital, oversees it. "Asia is an increasingly important market for precious and critical-minerals investment," said Chairman and Chief Executive Officer Tom Larsen. Larsen presented at Red Cloud's Fall Mining Showcase in Toronto on October 28, <a href="https://investingnews.com/eloro-resources-attending-red-cloud-s-fall-mining-showcase-2026/" target="_blank" rel="noopener">the company said</a>. Earlier this year, on January 29, Eloro finished its option payments on Iska Iska. That gave Eloro's Bolivian subsidiary, Minera Tupiza SRL, a 99% joint venture interest in Iska Iska, along with 100% economic participation and full operational control of the project, <a href="https://elororesources.com/news-and-media/news/eloro-resources-completes-option-payments-on-the-iska-iska-silver-tin-polymetallic-project-potosi-department-bolivia/" target="_blank" rel="noopener">the company said</a>. <center> <h2>Analysts See Room to Run</h2> </center> In an October 16 update, Sphene Capital's Peter Thilo Hasler kept his Buy rating and CA$18.00 target. He wrote that the DSB-96 silver grades are well above the 40 g/t of the Indicated resource, which suggests the project's value could come from selectively developing higher-grade zones. In an earlier October 7 research note, Cantor Fitzgerald analyst Matthew O'Keefe said the latest drilling news from the company was positive. He called the DSB-96 intercepts "exceptional results for Iska Iska" and said DSB-94 "was also good." O'Keefe described Eloro as "well-funded" to keep advancing the project through more drilling and metallurgical work. He said the company aims to deliver a resource update and a PEA in 2027, focused on a higher-grade, silver-rich starter pit area. Eloro is budgeted and financed for the full 40,000-meter program, he wrote. Eloro said it currently has about CA$19 million in cash. Cantor kept its Speculative Buy rating and CA$5.00 target price. That implied a 209% return from the CA$1.62 share price at the time of the note. The firm values Eloro at US$1.50 per ounce of silver equivalent for the Indicated resource and US$1.00 per ounce of silver equivalent for the Ag Dominant domain of the Inferred resource. [GR_OWNERSHIP_440] <center> <h2>Ownership and Share Structure1</h2> </center> Institutions hold about 32.00% of Eloro Resources, while management and insiders own approximately 17.00%, with retail investors accounting for the balance. The largest disclosed holder is Crescat Portfolio Management LLC at about 12.90%. The company has roughly 119.67 million shares outstanding, a market capitalization of about CA$146 million, and a 52-week trading range of approximately CA$1.15 to CA$3.42. Insiders were net buyers over the last six months, purchasing about 8,000 shares and selling about 200 shares. Eight series of warrants remain outstanding. Public records show 4 historical share restructures. <center> <h2>Common Questions from Investors</h2> </center> Why does Matthew Piepenburg see silver as a buying opportunity? Piepenburg calls this year's selloff "an amazing buying opportunity." He predicts central banks will pivot to rate cuts and money printing by 2027, and he believes silver will "rip again" once that liquidity arrives. He sees currency debasement as the end game. Why has silver fallen this year? After its record on January 29, silver roughly halved as a more hawkish Federal Reserve revived bets on rate hikes, according to MetalCharts. Piepenburg also blames momentum-trading hedge funds. Silver fell about 18% in October as a tech-stock selloff forced investors to sell metals to cover losses, Mining.com reported. What is Eloro Resources exploring? Eloro is exploring Iska Iska, a silver-tin polymetallic project in Bolivia’s Potosí Department. Its April 2026 resource estimate outlined 109.53 million ounces of silver Indicated, primarily in the silver-lead-zinc polymetallic domain. It also outlined 248.6 million ounces Inferred, a lower-confidence category that includes the project’s tin-dominant resources. Its Bolivian subsidiary holds a 99% joint venture interest and full operational control. What did the latest drill results show? On October 7, Eloro reported results from three expansion holes. The highlight, hole DSB-96, returned 87.1 meters of 73.26 g/t silver and 0.18% tin, including 17.9 meters of 190.5 g/t silver and 0.45% tin closer to surface. Cantor Fitzgerald called the DSB-96 intercepts "exceptional results for Iska Iska." What's next for Eloro? Drilling on the 40,000-meter program is expected to continue well into 2027. The company expects to release a PEA in the second quarter of 2027, focused on a higher-grade, silver-rich starter pit area. <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>Eloro Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eloro Resources Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <div> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Eloro Resources were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-02 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-03 through 2026-11-02 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div> </div> <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32951"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32951" width="0" height="0"> ( Companies Mentioned: ELO:TSX; ELRRF:OTCQX; P2QM:FSE, ) Wed, 04 Nov 2026 00:00:00 PST Give me Liquidity or Give Me Death! https://www.streetwisereports.com/article/2026/11/02/give-me-liquidity-or-give-me-death.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/give-me-liquidity-or-give-me-death.html?utm_medium=feed">Michael Ballanger 11/02/2026</a> Michael Ballanger of GGM Advisory Inc. shares his thought on the current state of the market, taking a careful look at Friday's tech crash.Being leveraged during a liquidity squeeze is like playing with matches in a gunpowder factory — not a very wise practice. As the fateful month of October was drawing to a close, we learned the hard way how leverage creeps into the markets led by levels of avarice that commonly arise during periods of extreme market optimism. The late former Fed Chairman Alan Greenspan gave it an apt description when he called it "irrational exuberance" in the late 1990's to describe the public's love affair with "anything tech," which morphed into the dotcom bubble that popped with a deafening roar in March of 2000. In the next two years, the NASDAQ dropped 78%, with many of the dotcom and technology favorites shedding 90-95% before the rout was done. At the top in 2001, the Buffett Indicator (Total U.S. Market Cap divided by Gross Domestic Product) was causing nosebleeds at 159.2%. Today, that indicator is at 236%. In March 2001, total margin debt was at $479.29 billion; today it is at $1.48 trillion (with a "T"). The Case-Schiller P/E ratio in March 2000 was 43.03; today it is at 40.69. The yield on the U.S. 10-year Treasury Bond was 6.26%; today it is markedly lower at 4.93%. It is estimated that the capital required to build out the entire global internet infrastructure in the 1990s was $500 million; the global capital expenditure required to build out the AI infrastructure is projected to be vastly larger than the 1990s internet boom, with current estimates ranging between $5.2 trillion and $7.9 trillion in cumulative spending by 2030, with much of that being borrowed by way of the bond market. CNBC has trotted out all the usual suspects today. Howard Marks, most of the rockstar bankers, permabull Tom Lee, and a long array of "stiff upper lip" bulls that are all singing from the same hymn sheet – that earnings will save the day and that the yield on the 10-year bond is inconsequential. As a trader/investor, I look at one of the culprits of Friday's technology crash, Intel Corp. (INTC:NASDAQ), whose 30% crash today into weaker-than-expected earnings and reduced forward guidance took its P/E ratio down to 32.89 from 47.69, and I can only wonder what traders were thinking two days ago when the analysts acted like they were in the Sunday choir all reciting the same bullish lilt that centered around the "AI buildout". What changed between Wednesday and Friday reminded me of the famous Mike Tyson quote about "Everybody got a plan ‘til dey get punched in da mouth!" It is also similar to what I heard an old veteran Vancouver floor trader tell me some forty years ago. He said, "The difference between a great deal (stock) and a crap deal (stock) can be a 100,000 share sell order at exactly the wrong time." The INTC report last night was like that "100,000 share sell order" that came at "exactly the wrong time". Now, looking at the "Mag Seven" group that led the NASDAQ all last year and for the first six months of 2026, here is how they now look: In Bear Market (down 20% or more) <ul> <li>Alphabet Inc. Class A (GOOGL:NASDAQ): Down ~29% from its peak. Shares suffered heavily following earnings disappointments and growing scrutiny over free cash flow pressured by AI infrastructure spending.</li> <li>Meta Platforms Inc. (META:NASDAQ): Down ~20% from its peak. Similar to Alphabet, Meta has been weighed down by immense capital expenditure outlays that lack an immediate, high-margin ROI narrative for investors.</li> </ul> In Correction Mode: (Down 10% to 20%) <ul> <li>Tesla Inc. (TSLA:NASDAQ): Down 19.2% from its peak. It is sitting right on the precipice of a formal bear market as its identity pivots away from pure EVs toward high-cost robotics and autonomous AI systems.</li> <li>Amazon.com Inc. (AMZN:NASDAQ): Down 15.1% from its peak. The stock fell into correction territory after reporting negative free cash flow figures in its recent earnings release.</li> <li>Nvidia Corp. (NVDA:NASDAQ): Down 12.2% from its peak. Despite stellar revenue growth, the chipmaker has entered a digestion phase due to market anxieties that hyperscalers might scale back hardware orders in 2027.</li> </ul> Approaching Correction Mode (Down less than 10%) <ul> <li>Microsoft Corp. (MSFT:NASDAQ) and Apple Inc. (AAPL:NASDAQ) are the only two companies successfully bucking the trend. Microsoft managed to reassure Wall Street by pairing its hefty AI spending with positive free cash flow and Azure cloud growth. Apple has largely avoided the infrastructure spending wars altogether, remaining insulated as a consumer hardware and services play.</li> </ul> The Magnificent Seven "generals" heavily led and dominated the U.S. stock markets for roughly three years, specifically from the beginning of 2023 through 2025. Without them, markets are seeking out new leadership, and after this week, it is painfully apparent that no new leaders have yet to grab the baton and lead the next charge. From where I sit, it is going to be the commodity stocks that assume leadership, which includes energy. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026112110845_Picture1.png" alt="" width="1000" height="384" /> It was yet another brutal week for gold and I am the first to admit that I turned bullish on gold about three weeks (and $400) ago and no longer am I able to carry around bragging rights for my "uncanny accuracy" in calling the gold market (tongue planted firmly in cheek). The good news is that copper remains in a solid uptrend, spitting defiantly in the face of anyone who dares challenge its supremacy in the metals arena. However, two important points must be remembered when judging the action in the gold market this week. The first is that gold is used by many large portfolio managers as a hedge against market drawdowns and as a source of liquidity in lieu of cash. If a fund's mandate is that it must remain "fully-invested", they will use gold for its instant liquidity because if there is one redeeming attribute of the global gold market, it is that it is very, very liquid. The second point to remember is that when markets enter a sharp drawdown period like April 2025 and March 2020, those gold hedges get sold, serving their portfolio manager masters, as the liquidity inherent in the gold holdings serves their purposes. The key to this utility is that it always occurs at the tail end of the trend. Blowing off one's gold positions to meet a margin call on one's "AI" losers is the ultimate capitulation. The last time we had babies being thrown out with bathwater was at the lows of March 2020 when the world economy was being shut down all for a flu bug that turned out to be (once again) a foolhardy move by global leaders but which also represented the low for gold at $1,472. Five years later, it hit $5,626. I have been telling subscribers for weeks on end that the U.S. mid-term elections could throw a major scare into the usually sanguine moods of the Wall Street perma-bulls, but up until this week, it was "business as usual" as traders shrugged off the polls and continued to churn and burn within 1% of record highs. However, this week there was a noticeable angst that enveloped the bovine crowd, and as the week rolled on and as election day grew closer, there was a palpable increase in tensions culminating in today's absolute rout, with the NASDAQ 100 down 3.46% or over 1,000 points as technology was jettisoned overboard at every turn. The big debate now is whether traders will sell the rumor and buy the news, as in using a Democratic sweep as a buying opportunity. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026112110916_Picture2.png" alt="" width="748" height="410" /> The one truism that constantly keeps me long the metals is that $40 trillion national debt load and the 2 trillion fiscal deficit that will need constant juggling in order to keep the currency from imploding. No matter what happens in Washington or New York between now and year-end, the beneficiaries will be any asset that retains purchasing power against a depreciating currency. The 10-year yield dropped like a stone all week long and went out a full 442 basis points below the 52-week high at 5.365%. There is simply no other way to avoid the fiscal time bomb, and that involves a self-imposed immolation of the U.S. greenback. If you raise rates, debt servicing costs kill you, and if you stimulate to facilitate "growing your way out of debt," then you risk inflation, which will also crush the dollar. With any outcome, ownership of copper and gold insulates you from the debilitating process of debasement, resulting in the retention of purchasing power rather than the erosion of it. <img class="float_left" src="https://www.theaureport.com/images/auto_up/2026112110953_Picture3.png" alt="" width="385" height="336" />One other point to consider about the copper narrative. The copper bears are trying to sell the bear case based on a pending revision in copper demand by the "AI build-out" gang. What they fail to grasp is that the bull case for copper begins with the issue of supply, not AI demand. With no new large copper mines either in construction or at positive feasibility, it will take a decade or so to get one to production, and that's if they can find one that can be permitted and funded without the environmentalists throwing up roadblocks and protesting at city hall. Furthermore, China is moving at rapier-like speed to build out its electrical grid with little or no consideration for "AI". So, when I look at the quote screen, and I see a sea of red where my twenty or so mining stocks are blinking feverishly during what has been a massive down day for literally everything, I am absolutely amazed to see two ticker symbols — FTZ:TSXV and FTZFF:OTCQX — standing out as green with everything else either red or white. My top pick and largest holding — Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQX; C3Y:FSE) — traded 846,584 shares volume and actually closed UP on a day when it was a complete ocean of red. I look out to the final eight weeks of 2026 and thank my lucky stars that I have remained steadfastly overweight both copper and FTZ/FTZFF all year long, although it does distress me that my favorite blue chip — Freeport-McMoRan Inc. (FCX:NYSE) — took it squarely on the chin this week with its worst closing price since August. The good news is that with a relative strength index of 30.47, any further weakness from here will take it into an oversold condition, which rarely lasts for long and usually results in a sharp reversal. My next missive will be after the U.S. mid-term elections, and if these campaign tones of hellfire and brimstone carry through for the next two years, it is going to get very ugly in Washington, especially if there is a sweep of both houses by the Democrats. And Wall Street will not like that… <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 Inc., Alphabet Inc. Class A, Tesla Inc., Apple Inc., Amazon.com Inc., and Nvidia Corp.</li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: GLD, Freeport-McMoran Inc., and 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=32950"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32950" width="0" height="0"> Mon, 02 Nov 2026 00:00:00 PST Exploration Co. Confirms Copper Mineralization at La Grande Zone 32 in Québec https://www.streetwisereports.com/article/2026/11/03/exploration-co-confirms-copper-mineralization-at-la-grande-zone-32-in-qu-eacute-bec.html Source: <a href="https://www.streetwisereports.com/article/2026/11/03/exploration-co-confirms-copper-mineralization-at-la-grande-zone-32-in-qu-eacute-bec.html?utm_medium=feed">Streetwise Reports 11/03/2026</a> Lux Metals Corp (LXM:TSXV; BBBMF:OTCMKTS) reports copper assays confirming gold-copper mineralization at the Zone 32 La Grande project in Québec, with 0.71% Cu over 19.5 m, including high-grade subintervals.Lux Metals Corp (LXM:TSXV; BBBMF:OTCMKTS) has released <a href="https://www.globenewswire.com/news-release/2026/10/29/3391105/0/en/Lux-Metals-Reports-0-71-Cu-over-19-50-m-Within-Previously-Reported-17-57-g-t-Au-Intercept-Including-1-45-Cu-with-39-08-g-t-Au-over-8-00-m-Confirming-Gold-Copper-Mineralization-at-Zone-32-La-Grande-Gold-Project-James-Bay-Qu-bec.html" target="_blank" rel="noopener">copper assay results</a> from its first 2026 drill hole at the La Grande gold project in Québec's James Bay region, confirming significant copper alongside previously reported high-grade gold at Zone 32. <h2>Key Investor Takeaways</h2> <ul> <li>Lux Metals' first 2026 drill hole at Zone 32 delivered 0.71% Cu (copper) over 19.50 m (meters), confirming copper as a meaningful by-product credit to the high-grade gold mineralization.</li> <li>Sub-intervals include 1.45% Cu and 39.08 g/t Au over 8 m, with individual 1 m samples returning up to 5.79% Cu and 165 g/t Au, respectively, highlighting high-grade copper-gold mineralization within the shear-hosted system.</li> <li>The three-hole 2026 program is complete; pending assays from two additional holes and the remainder of LG26-241 are due by the end of November 2026.</li> <li>A drone magnetic survey is underway to map controlling structures and prioritize targets for the next phase of drilling.</li> <li>The La Grande project benefits from historic data, infrastructure access, and potential for resource definition in a prospective Québec district.</li> </ul> <h2>Copper Results Strengthen Zone 32</h2> On October 29, 2026,<a href="https://www.globenewswire.com/news-release/2026/10/29/3391105/0/en/Lux-Metals-Reports-0-71-Cu-over-19-50-m-Within-Previously-Reported-17-57-g-t-Au-Intercept-Including-1-45-Cu-with-39-08-g-t-Au-over-8-00-m-Confirming-Gold-Copper-Mineralization-at-Zone-32-La-Grande-Gold-Project-James-Bay-Qu-bec.html" target="_blank" rel="noopener"> the company reported</a> that hole LG26-241 intersected 0.71% Cu over 19.50 m from 220.5 m downhole, within the previously announced 17.57 g/t Au over the same interval. This included 1.45% Cu with 39.08 g/t Au over 8.00 m, plus individual 1 m samples returning up to 5.79% Cu and 165 g/t Au. These results establish the gold-copper character of the system, with chalcopyrite occurring alongside pyrite and visible gold in sericite-altered shear zones and quartz veins. The 2026 diamond drill program of three holes totaling 1,416 m is now complete, with remaining assays expected by the end of November 2026. "With the copper results in hand, LG26-241 shows significant copper alongside the high-grade gold across the Zone 32 interval, confirming the gold-copper character of the system," said Kim Quyên Nguyên, President and CEO of Lux Metals. "The drill program is now complete, and the magnetic survey will help us trace the structures that control the mineralization as we plan our next steps." Lux Metals has initiated a high-resolution drone-borne magnetic survey over the Zone 32 area covering approximately 160 line km (kilometers). The survey aims to map structures controlling the gold-copper mineralization and refine targets for future drilling. While awaiting the remaining assay results and evaluating the magnetic survey findings, Lux Metals is targeting a maiden Mineral Resource Estimate (MRE) for La Grande by the end of 2027. The La Grande gold project hosts the high-grade Zone 32 gold system with extensive historic drilling, year-round road access via the Trans-Taiga Road, and district-scale exploration potential. The project is located in the Eeyou Istchee James Bay region of Québec. <h2>Copper Sector Affected by Tech Future</h2> Copper traded at approximately US$6.49 per pound on November 2, 2026, according to <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics</a>, equivalent to approximately US$14,308 per metric tonne. This price shows an increase of approximately 29% from a year earlier, although prices have retreated from a September record near US$6.85 per pound. Recent price movements are due to changing demand expectations, uncertainty surrounding potential U.S. import tariffs, and shifts in copper inventories between major trading regions. Demand is associated with electricity infrastructure and the expansion of AI use. The International Energy Agency's (IEA) <a href="https://www.iea.org/reports/electricity-2026/executive-summary" target="_blank" rel="noopener">Electricity 2026</a><a href="https://www.iea.org/reports/electricity-2026/executive-summary" target="_blank" rel="noopener"> report</a> forecasts that global electricity demand will increase by an average of 3.6% annually between 2026 and 2030, supported by industrial activity, electric vehicles, air conditioning, and data centers. The agency also estimates that annual grid investment will need to increase by approximately 50% by 2030 from current levels to accommodate growing electricity requirements. Supply growth also remains an important consideration regarding the copper outlook, although recent forecasts suggest a more balanced near-term market than some longer-term supply-deficit projections imply. According to an October 14, 2026, report by <a href="https://www.canadianminingjournal.com/news/global-copper-surplus-to-more-than-triple-by-2027-icsg/" target="_blank" rel="noopener">Canadian Mining Journal</a>, the International Copper Study Group (ICSG) projected a refined copper surplus of approximately 104,000 tonnes in 2026, widening to 368,000 tonnes in 2027. The projected increase reflects expectations that refined copper production will accelerate in 2027, outpacing forecast consumption growth as additional smelting and refining capacity comes online. However, longer-term supply constraints remain a consideration. According to <a href="https://www.spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai" target="_blank" rel="noopener">S&P Global</a>, developing a new copper mine takes an average of approximately 17 years from discovery to first production. Consequently, expanding mine supply to meet future demand can take considerable time, even if near-term markets remain in surplus. <h2>Moriarty Says Project Is Not 'a Vacuum'</h2> On November 2, 2026, Bob Moriarty of <a href="http://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a> told Streetwise Reports, "Recently we learned the Lux Metals drilled a remarkable 17.57 g/t gold over 19.5 meters in their first drill hole in Zone 32 at the La Grande project in Québec. That's a 343 gram/meter hole. You do not drill those sorts of holes in a vacuum. Drilling has stopped for the year, with the remaining assays being released in the next couple of weeks." <div> <div>[GR_OWNERSHIP_11452] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 80.00% of Lux Metals, while strategic entities hold about 19.70%, with retail investors accounting for the balance. The largest disclosed holders are Sirios Resources Inc. (SOI:TSXV) (19.70%) and ASA Gold and Precious Metals Limited (ASA:NYSE) (0.80%). The company has roughly 76.91 million shares outstanding, a market capitalization of about CA$12.69 million, and a 52-week trading range of approximately CA$0.10 to CA$0.33. Insiders were buyers over the last six months, purchasing about 1,000 shares, with no verified open-market sales in that window. 6 series of warrants remain outstanding. Public records show 10 historical share restructures. </div> </div> </div> <h2>Common Questions from Investors</h2> What did the latest copper assays show at Lux Metals' La Grande project? The October 29, 2026, results confirmed 0.71% Cu over 19.50 m within the gold interval from hole LG26-241, including higher-grade copper-gold subintervals, establishing the gold-copper nature of Zone 32. When are the remaining 2026 drill results expected? Assays for the remaining holes and portions of LG26-241 are expected by the end of November 2026. What is the focus of the current geophysical work? A drone-borne magnetic survey over Zone 32 is mapping structures to refine targets ahead of future drilling. Where is the La Grande gold project located? The project is in the Eeyou Istchee James Bay region of Québec, with year-round access via the Trans-Taiga Road. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lux Metals Corp.</li> <li>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 Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Lux Metals were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-02 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-04 through 2026-11-02 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32944"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32944" width="0" height="0"> ( Companies Mentioned: LXM:TSXV;BBBMF:OTCMKTS, ) Tue, 03 Nov 2026 00:00:00 PST Mining Co. Intersects Gold Below Nyam Reserve Pit in Ghana https://www.streetwisereports.com/article/2026/10/31/mining-co-intersects-gold-over-37-m-below-nyam-reserve-pit-in-ghana.html Source: <a href="https://www.streetwisereports.com/article/2026/10/31/mining-co-intersects-gold-over-37-m-below-nyam-reserve-pit-in-ghana.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> Newcore Gold Ltd. (NCAU:TSXV; NCAUF:OTCQX) reports high-grade diamond drill results below the pits constraining Mineral Reserves at its Nyam deposit within the Enchi gold project in Ghana, including 2.16 g/t gold over 37 m.Newcore Gold Ltd (NCAU:TSXV; NCAUF:OTCQX) has intersected high-grade gold mineralization below the limits of the pits constraining current mineral reserves at the Nyam gold deposit within its Enchi gold project in Ghana. <h2>Key Investor Takeaways</h2> <ul> <li>Newcore continues to deliver high-grade intercepts below current reserve pits at Nyam, highlighting potential for resource growth and mine plan optimization.</li> <li>The ongoing 80,000 m (meter) drill program remains active, with results expected to inform future economic studies and potential reserve expansion.</li> <li>The June 2026 PFS provides a development framework, while ongoing drilling targets higher-grade zones at depth not yet reflected in estimates.</li> <li>Enchi's district-scale land package offers multiple open deposits for further expansion along strike and to depth.</li> <li>Recent board and team additions support project advancement as drilling de-risks and defines longer-term potential.</li> </ul> <h2>Latest Drill Results</h2> On October 28, 2026, the company released <a href="https://newcoregold.com/news/newcore-gold-drilling-intersects-2.16-g-t-gold-over-37.0-metres-including-5.10-g-t-gold-over-9.0-metres-at-the-enchi-gold/" target="_blank" rel="noopener">results from four diamond drill holes</a> totaling 1,192 m at Nyam. Hole NBDD093 returned 2.16 g/t Au (gold), over 37.0 m from 205 m, including 5.10 g/t Au over 9.0 m from 233 m. Additional intercepts included 1.51 g/t Au over 21.0 m from 221 m in hole NBDD094 and 0.82 g/t Au over 40.0 m from 296 m in hole NBDD095A. These results come from the ongoing 80,000 m drill program focused on resource conversion, growth, and discovery. Drilling targeted extensions to high-grade shoots and reached a maximum vertical depth of 275 m at Nyam, where the average vertical depth of holes drilled to date is approximately 100 m. All deposits at Enchi remain open along strike and at depth. The Enchi gold project hosts a probable mineral reserve of 51.3 million tonnes grading 0.64 g/t Au containing 1,055,000 ounces. A <a href="https://www.globenewswire.com/news-release/2026/08/07/3140000/0/en/Newcore-Gold-Files-Pre-Feasibility-Study-Technical-Report-for-the-Enchi-Gold-Project-Ghana.html" target="_blank" rel="noopener">Prefeasibility Study (PFS) completed in June 2026</a> outlined a base-case open-pit operation processing 5.5 million tonnes per annum using contract mining and carbon-in-leach processing. Results from 2026 drilling, including those reported in October, have not yet been incorporated into the Mineral Resource Estimate (MRE) or PFS. <a href="https://newcoregold.com/news/newcore-gold-drilling-intersects-2.16-g-t-gold-over-37.0-metres-including-5.10-g-t-gold-over-9.0-metres-at-the-enchi-gold/" target="_blank" rel="noopener">According to the company</a>, 51,661 m across 323 holes have been reported to date, with 98% of holes intersecting gold mineralization. Greg Smith, VP of Exploration at Newcore, stated in the October 28 release, "We continue to encounter high-grade gold mineralization at the Nyam Gold Deposit at our Enchi Gold Project in Ghana. Drilling targeted extensions to a southern high-grade shoot identified at Nyam, with strong results supporting the thesis that Enchi has the potential to grow in size and scale as we continue to define the high-grade potential at depth. This drilling intersected gold mineralization below the reserve pits, highlighting the opportunity for resource conversion and the potential for future mineral reserve growth to support future economic studies. We look forward to continuing to prove out Enchi's value through the drill bit, with the ongoing 80,000 m drill program an important step in defining the project's longer-term potential." <h2>Gold Facing Pressure After Tough Week</h2> Gold prices have retreated considerably from their January 2026 record highs. Following a sharp late-October sell-off, spot gold fell below US$3,900 per ounce on October 30, reflecting financial-market liquidations and expectations for restrictive monetary policy. On November 2, gold remained near the US$3,900 level as investors assessed the outlook for Federal Reserve policy and inflation. Longer-term demand drivers include central bank purchases, investment activity, geopolitical uncertainty, and concerns surrounding government debt. In its <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2026/outlook" target="_blank" rel="noopener">July 30, 2026, Gold Demand Trends: Q2 2026 outlook</a>, the World Gold Council identified investment as the primary expected contributor to gold demand growth through the remainder of the year. Central banks were also expected to remain significant buyers, although annual net purchases were projected to fall below 2025 levels. <blockquote class="callOut left">Marcus Giannini of Haywood Capital Markets maintained a "Buy" rating for the company, as well as a CA$1.50 target price.</blockquote> Despite recent volatility, longer-term price forecasts remain elevated. <a href="https://www.kitco.com/news/article/2026-10-20/cibc-slashes-gold-price-forecasts-sees-recovery-5200-2027-central-bank" target="_blank" rel="noopener">CIBC Capital Markets</a> projected an average gold price of US$5,200 per ounce in 2027, while <a href="https://www.wisdomtree.com/us/insights/blog/gold-outlook-to-q3-2027-a-firmer-foundation-renewed-potential" target="_blank" rel="noopener">WisdomTree's October 29 outlook</a> cited consensus forecasts of US$4,789 per ounce by the third quarter of 2027. Near-term market conditions, however, remain sensitive to monetary policy and inflation expectations. In its <a href="https://www.sucdenfinancial.com/en/market-insights/metals-outlook/quarterly-metals-report/qmr-q4-2026/" target="_blank" rel="noopener">Q4 2026 metals outlook</a>, Sucden Financial noted that elevated oil prices have contributed to inflation concerns and expectations for tighter monetary policy, increasing the opportunity cost of holding gold. The firm expects central bank and exchange-traded fund buying to provide some support during market corrections, although it cautioned that these sources of demand may not be sufficient to offset further upward repricing of U.S. interest-rate expectations. Its outlook anticipates continued pressure on gold into December, followed by potential stabilization as the Federal Reserve's policy outlook becomes clearer. <h2>Analyst Says Company is 'Positioned to Deliver Value'</h2> On October 28, 2026, Marcus Giannini of Haywood Capital Markets weighed in on the latest drilling results, writing, "We think that demonstrating scalability at Enchi is key, and we maintain our view that ongoing exploration success will ultimately enable additional high-grade material to be brought forward in the mine plan, in addition to offering the potential for mine life extensions." Giannini maintained a "Buy" rating for the company, as well as a CA$1.50 target price. Despite labeling the stock as "Very High Risk", he said, "We highlight Newcore as an exploration/development stage company positioned to deliver value through continued de-risking of its Enchi project, while pursuing organic opportunities for resource growth across its large land package in West Ghana." Then, on October 29, writers from <a href="https://thegoldadvisor.com/paydirt-prospector/newsletters/bonanza-grades-a-new-gold-system-and-more-from-six-portfolio-stocks/" target="_blank" rel="noopener">The Paydirt Prospector</a> wrote about Newcore, saying that "the evidence in favor of Enchi’s large scale is really stacking up." After assigning a "Buy" recommendation and suggesting investors add a tranche, they wrote, "Newcore is repeatedly finding gold within, around and beyond its currently defined deposits. The more successful drilling it accumulates before the project numbers are updated, the greater the potential for those numbers to improve — and for the market to reassess what Enchi is worth." <h2>Further Drilling Ahead</h2> Newcore's <a href="https://newcoregold.com/site/assets/files/5557/newcore-gold-corporate-presentation.pdf" target="_blank" rel="noopener">October 2026 presentation</a> states that drilling is focused on reserve growth and identifying higher-grade mineralization at depth, with more than 25 additional exploration targets identified across the property that have not yet been drill-tested. The company noted that drilling completed after the October 2025 resource estimate cutoff was excluded from the current PFS, leaving subsequent exploration success as a potential source of additional resource growth and improvements to future mine plans. <div> <div>[GR_OWNERSHIP_10627] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 30.50% of Newcore Gold, while Management and insiders own approximately 11.30%, with retail investors accounting for the balance. The largest disclosed holders include Blayne Johnson (3.73%), Douglas Forster (2.90%), and Luke Alexander (1.71%). The company has roughly 312.70 million shares outstanding, a market capitalization of about CA$95.37 million, and a 52-week trading range of approximately CA$0.26 to CA$0.90. Insiders were buyers over the last six months, purchasing about 370,000 shares, with no verified open-market sales in that window. No current warrants were found. Public records show 5 historical share restructures. </div> </div> </div> <h2>Common Questions from Investors</h2> What did the latest drill results show at Enchi? The October 28, 2026, release highlighted diamond drilling at Nyam with intercepts such as 2.16 g/t Au over 37.0 m, including higher-grade sub-intervals, below the constraining reserve pits. Where is the Enchi gold project located? The project is in Ghana, with the Nyam deposit located approximately 15 km east of the town of Enchi, benefiting from nearby roads and power access. What is the status of the prefeasibility study? The PFS was completed in June 2026 and filed as a technical report in August 2026; 2026 drill results are not yet included and may support future updates. What comes next for Newcore Gold? Drilling continues as part of the 80,000-meter program, with additional results anticipated and ongoing development work including metallurgical, hydrogeological, and environmental studies. <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 Newcore Gold Ltd.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Newcore Gold were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-30 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-03 through 2026-10-30 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32942"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32942" width="0" height="0"> ( Companies Mentioned: NCAU:TSXV; NCAUF:OTCQX, ) Mon, 02 Nov 2026 00:00:00 PST Gold Explorer Reports High-Grade Infill Results Ahead of Finland Resource Update https://www.streetwisereports.com/article/2026/11/02/gold-explorer-reports-high-grade-infill-results-ahead-of-finland-resource-update.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/gold-explorer-reports-high-grade-infill-results-ahead-of-finland-resource-update.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Goldsky Resources Corp. (GSKR:TSXV; GSKRF:OTCQX; HEG0:FSE; GSKR SDB:FNSE) reported strong 2026 infill drill results at Rajapalot Gold-Cobalt Project in Finland, supporting resource update and PEA expected early November.Goldsky Resources Corp. (GSKR:TSXV; GSKRF:OTCQX; HEG0:FSE; GSKR SDB:FNSE) reported <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/" target="_blank" rel="noopener">assay results</a> from its 2026 winter drill program at the 100%-owned Rajapalot Gold-Cobalt Project in Northern Finland on October 27, 2026. Highlights included 12.6 meters (m) grading 233.56 grams per tonne (g/t) gold (Au), uncut, at the Raja zone and 17.35 m grading 16.46 g/t Au at Palokas. The company said the results will support an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA). The program comprised 45 new diamond drill holes totaling 10,385 m and an extension of a previously drilled hole. Of the 46 holes reported, 37 were infill holes within or along the margins of the existing Inferred Mineral Resource, while eight tested exploration targets. Goldsky reported significant intercepts in 32 of the 37 infill holes. The infill holes were generally spaced 20 m to 45 m from previous drill intercepts, with grades and thicknesses comparable to adjacent results, according to the release. <h2>Key Investor Takeaways</h2> <ul> <li>Goldsky reported high-grade 2026 infill results at Rajapalot, including 12.6 m grading 233.56 g/t Au, uncut, at Raja and 17.35 m grading 16.46 g/t Au at Palokas.</li> <li>Applying the 50 g/t top cut used in the current resource estimate reduced the Raja and Palokas intercept grades to 14.19 g/t and 13.54 g/t Au, respectively.</li> <li>The program comprised 45 new holes totaling 10,385 m and one extension. Significant intercepts were reported in 32 of 37 infill holes.</li> <li>Independent consultant SLR is completing the updated Rajapalot Mineral Resource Estimate, expected in early November 2026, which is intended to support a revised PEA.</li> <li>Goldsky commenced a 25,000 m drilling campaign at Barsele in September 2026, targeting the Skiråsen, Central, and Avan zones.</li> <li>Metallurgical testing at Barsele returned estimated gold recoveries of 89.6% for Central and 90.8% for Avan.</li> </ul> <h2>Latest News: 2026 Infill Drilling Results</h2> At Raja, hole PAL0433 intersected 12.6 m grading 233.56 g/t Au, uncut, and 881 parts per million (ppm) cobalt (Co) from 219.90 m. The interval included a 1.0 m sample grading 2,800 g/t Au within a 3.0 m section grading 969 g/t Au. Goldsky also reported the result using the 50 g/t top cut applied in the current MRE, which reduced the composite grade to 14.19 g/t Au over 12.6 m. The company noted that the exceptionally high-grade sample accounted for approximately 95% of the gold in the composite. At Palokas, hole PAL0406 returned 17.35 m grading 16.46 g/t Au and 652 ppm Co from 97.65 m. Applying the 50 g/t top cut reduced the interval's gold grade to 13.54 g/t. Goldsky identified PAL0406 as the highest grade-thickness intercept reported from Rajapalot on a top-cut basis, measured in gram-meters by multiplying gold grade by downhole interval length. The interval included 5.5 m grading 28.24 g/t Au and a separate 4.1 m section grading 28.36 g/t Au. These figures are detailed in the company's <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/" target="_blank" rel="noopener">drill results announcement</a>. <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/" target="_blank" rel="noopener">Other reported intercepts</a> included 6.15 m grading 24.16 g/t Au and 15.4 m grading 7.67 g/t Au at Raja. At Palokas, hole PAL0403 returned 16.2 m grading 5.14 g/t Au. At the eastern margin of South Palokas, hole PAL0399 intersected 8.15 m grading 3.40 g/t Au, including 2.15 m grading 11.84 g/t Au. The reported intervals are downhole lengths, rather than confirmed true thicknesses. Goldsky has interpreted true thicknesses as approximately 80% to 90% of drilled intervals based on the current mineralization-lode orientation, while noting that true thickness is not yet precisely known. The company also stated that the reported uncut grades do not apply an upper limit to individual gold assays; top-cut figures use a 50 g/t limit before compositing. <h2>Analysts Call Out Mining-Friendly Jurisdiction</h2> Hannam & Partners analysts maintained a CA$8.50 price target for Goldsky in an October 28 research report following the company's 2026 infill drilling program. Based on the October 27 closing share price of CA$2.72, the target implied approximately 213% upside. Hannam & Partners identified deeper extensions of the existing orebodies as the project's primary source of potential upside. The report stated that the mineralized system remains open at depth and highlighted additional potential at South Palokas, Raja, and the relatively shallow Joki East deposit. The analysts also noted that cobalt mineralization across all three zones could strengthen the project's potential to receive EU Strategic Project status, which could facilitate permitting and funding. "We believe that Rajapalot is a developable standalone project in a mining-friendly jurisdiction," the analysts wrote. The analysts also pointed to Goldsky's CA$58 million treasury balance as of mid-September as support for continued exploration and project advancement. They identified upcoming exploration results and progress on studies at Barsele and Rajapalot as potential near-term share-price catalysts. The Paydirt Prospector's Daniel Flynn and Jeff Clark cited the quality of results, writing, "These weren’t just flashy exploration hits. The drilling was largely about improving confidence in an existing resource." They gave a "Buy" recommendation and said, "There are now major resource and economic catalysts approaching at Rajapalot, alongside drilling and much-anticipated economic work at Barsele. If those deliver, there’s plenty of scope for further re-rating—particularly when gold bounces back." Other recent analyst ratings from Tipranks include: <ul> <li>On October 28, 2026, Ryan Walker of Stifel Nicolaus reiterated a "Buy" rating and CA$6.20 price target.</li> <li>On October 27, 2026, Allison Carson of Desjardins initiated a "Buy" rating and CA$7.00 price target.</li> <li>On October 10, 2026, Philip Ker of Canaccord initiated a "Buy" rating and CA$5.50 price target.</li> </ul> <h2>Project Update and Next Steps</h2> <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/" target="_blank" rel="noopener">Goldsky said</a> the updated geological and resource model has been submitted to independent consulting firm SLR for the MRE. The company expects the updated estimate in early November 2026, with the results intended to support a revised PEA. The company has also applied to extend the Kairamaat 2-3 exploration permit, which covers the core area of Rajapalot. The infill program was designed to increase confidence in the existing Inferred Mineral Resource and support a mining license application and updated economic study. CEO Russell Bradford said the new holes supported the interpreted lodes at grades and thicknesses broadly consistent with the current resource model. He also said the company expected the Mineral Resource update in the coming weeks, followed by an updated PEA. Goldsky is also advancing its 100%-owned Barsele Gold Project in Sweden. On September 22, the company announced the start of a 25,000m diamond drilling program, targeting the Skiråsen, Central and Avan zones. The company said the existing Mineral Resource remains open along strike and at depth, and that the program is intended to upgrade and extend the resource. Goldsky expects the drilling to support an updated Mineral Resource estimate in 2027, according to its <a href="https://goldskyresources.com/news/goldsky-resources-commences-its-first-major-drilling-program-at-barsele/" target="_blank" rel="noopener">Barsele drilling announcement</a>. The company also reported <a href="https://www.mfn.se/cis/a/goldsky-resources/goldsky-resources-corp-goldsky-resources-reports-positive-metallurgical-test-results-for-the-barsele-gold-project-97275320.iframe" target="_blank" rel="noopener">metallurgical test results</a> from Barsele on September 21. Testing of composite samples from the Central and Avan deposits returned estimated overall gold recoveries of 89.6% and 90.8%, respectively. The results were based on gravity concentration and cyanide bottle-roll leach testing conducted by Alfred H Knight Laboratory in the United Kingdom. Goldsky said the metallurgical work forms part of the program supporting a PEA for Barsele. The company noted that the results were interim and that additional metallurgical testing was continuing. [GR_OWNERSHIP_11523] <div> <h2>Ownership and Share Structure1</h2> Management and insiders own approximately 53.00% of Goldsky, strategic entities hold about 31.00%, and institutions hold about 12.30%, with retail investors accounting for the balance. The largest disclosed holder is Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) at about 31.00%. The company has roughly 267.10 million shares outstanding, a market capitalization of about CA$726.51 million, and a 52-week trading range of approximately CA$1.66 to CA$4.64. Insiders were net buyers over the last six months, purchasing about 488,550 shares and selling about 194,300 shares. 3 series of warrants remain outstanding. Public records show 3 historical share restructures. </div> <h2>Common Questions from Investors</h2> What did the latest Rajapalot drill results show? Goldsky's October 27, 2026 release reported multiple high-grade intercepts from its 2026 winter infill program. Highlights included 12.6m grading 233.56 g/t gold uncut at Raja and 17.35m grading 16.46 g/t gold at Palokas. Applying the 50 g/t top cut used in the current resource estimate reduced those grades to 14.19 g/t and 13.54 g/t gold, respectively. The results are detailed in the <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/">company's announcement</a>. When is the next Rajapalot resource update expected? Goldsky expects independent consultant SLR to complete the updated Mineral Resource estimate in early November 2026. The revised estimate is intended to support an updated PEA, according to the <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/">October 27 release</a>. How does the new drilling compare with previous results? Goldsky said the infill holes generally returned grades and thicknesses comparable to adjacent previously reported intercepts. The company reported significant intercepts in 32 of 37 infill holes, which were typically spaced 20m to 45m from previous drill intercepts. PAL0406 at Palokas was identified as the project's highest grade-thickness intercept on a 50 g/t top-cut basis, according to the <a href="https://goldskyresources.com/news/goldsky-resources-drills-12-6-m-233-6-g-t-gold-uncut-14-2-g-t-at-a-50-g-t-top-cut-at-raja-and-17-35-m-16-5-g-t-gold-at-palokas-2026-infill-drilling-supports-the-rajapalot-mineral-resource-fin/">company's drill results</a>. What is the status of Goldsky's Barsele project? Goldsky holds 100% ownership of the Barsele Gold Project in Sweden and began a 25,000m diamond drill program there in September 2026. The campaign is targeting the Skiråsen, Central, and Avan zones, where the existing Mineral Resource remains open along strike and at depth. The company also reported estimated overall gold recoveries of 89.6% for Central and 90.8% for Avan in September metallurgical testing. These details are available in the <a href="https://goldskyresources.com/news/goldsky-resources-commences-its-first-major-drilling-program-at-barsele/">drilling announcement</a> and <a href="https://www.mfn.se/cis/a/goldsky-resources/goldsky-resources-corp-goldsky-resources-reports-positive-metallurgical-test-results-for-the-barsele-gold-project-97275320.iframe">metallurgical results</a>. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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.</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 Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Goldsky were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-30 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-30 through 2026-10-30 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32941"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32941" width="0" height="0"> ( Companies Mentioned: GSKR:TSXV; GSKRF:OTCQX;HEG0:FSE;GSKR SDB:FNSE, ) Fri, 30 Oct 2026 00:00:00 PST Gold Discovery Expands 12% as 55 Drill Results Remain Pending https://www.streetwisereports.com/article/2026/11/02/gold-discovery-expands-12-as-55-drill-results-remain-pending.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/gold-discovery-expands-12-as-55-drill-results-remain-pending.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) secured CA$9.8 million in new funding for its 2027 drilling season and waits for the last 55 drill hole assays from its 2026 exploration program.<h2>Key Investor Takeaways</h2> <ul> <li>CA$9.8 Million Financing Closed: Goliath Resources Ltd. completed a non-brokered private placement with institutional support, issuing 6,057,000 flow-through shares at CA$1.62 per share, a significant premium (~40%) to the current share price. No warrants issued or finder's fees paid.</li> <li>Approximately CA$27.5 Million Cash Position: The financing brings Goliath's anticipated cash balance to approximately CA$27.5 million heading into 2027,</li> <li>55 Gold Drill Hole Assays Pending: Results remain outstanding from 55 holes completed during the company's 2026 exploration campaign at its flagship Golddigger-Surebet Gold Discovery, Golden Triangle, British Columbia.</li> <li>Gold Discovery Footprint Expanded 12%: The completed 48,443-meter, 97-hole drilling program expanded the Surebet Discovery to 2.01 square kilometers, including extensions of the Bonanza and Golden Gate zones by 1 kilometer of strike that remains open.</li> <li>New Gold Mineralization Identified: Drilling defined the Big Bulk Zone, where stacked mineralized veinlets formed broad intervals up to 58 meters wide, with grades of up to 3.60 grams per tonne gold equivalent.</li> <li>2027 Exploration Program Planned: Goliath outlined additional infill and expansion drilling targeting established mineralized zones and new areas northeast and south of the existing Surebet Discovery footprint.</li> </ul> <h2>Goliath Resources Closes CA$9.8 Million Financing to Fund Gold Exploration in British Columbia</h2> <a href="https://www.streetwisereports.com/pub/co/9595?utm_medium=feed" target="_blank" rel="noopener">Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE)</a> announced <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/10/October-30-2026-Goliath-Resources-Limited-1.62-FT-Financing-Closed.pdf" target="_blank" rel="noopener">on October 30 that it closed a non-brokered private placement financing with institutional support, raising approximately CA$9.8 million in gross proceeds.</a> The financing provides additional capital for exploration activities at the company's flagship Golddigger-Surebet Gold Project in British Columbia's Golden Triangle. Under the offering, Goliath issued 6,057,000 common shares at CA$1.62 per share. Each share qualifies as a flow-through share under subsection 66(15) of Canada's Income Tax Act. The financing did not include warrants, and the company paid no finder's fees or commissions in connection with the transaction. The financing brings Goliath's anticipated cash position to approximately CA$27.5 million heading into 2027, according to the company's October 30 announcement. The additional funding comes as the company prepares for its next exploration drilling program and awaits assay results from its completed 2026 campaign. <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/10/October-30-2026-Goliath-Resources-Limited-1.62-FT-Financing-Closed.pdf" target="_blank" rel="noopener">Roger Rosmus, founder and chief executive officer of Goliath Resources, addressed the financing and the company's exploration activities in the news release.</a> "We welcome the continued support from the institutional community for our grassroots high-grade Surebet Gold Discovery at our Golddigger Property located in the Golden Triangle," Rosmus stated. Rosmus also discussed the company's financial position amid recent market conditions, stating, "The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with ~CA$27.5M in cash going into 2027 and our planned exploration drill program." The gross proceeds are designated for exploration expenditures at the Golddigger-Surebet Gold Project that qualify as Canadian exploration expenses and flow-through mining expenditures under the applicable provisions of the Income Tax Act. These expenditures must be incurred on or before December 31, 2027. The shares were issued under available prospectus exemptions pursuant to National Instrument 45-106 and are subject to a statutory four-month hold period ending March 1, 2027. The offering remains subject to final approval from the TSX Venture Exchange. <h2>Gold Prices Face Pressure From Inflation and Interest Rate Expectations</h2> Gold prices faced downward pressure in late October as persistent U.S. inflation and expectations of higher interest rates weighed on the precious metals market. <a href="https://www.reuters.com/world/india/gold-slips-markets-assess-fed-signals-await-us-inflation-data-2026-10-29/" target="_blank" rel="noopener">According to an October 29 Reuters report by Noel John, gold declined more than 1% as stronger inflation data reinforced expectations that the Federal Reserve would raise interest rates in December.</a> David Meger, director of metals trading at High Ridge Futures, explained the market's reaction, stating, "A stubbornly high inflationary outlook that continues to run hotter than Fed targets is paving the way for thoughts that the Fed will raise rates at the December meeting." He identified expectations of tighter monetary policy as the primary factor weighing on gold prices. <blockquote class="callOut left">"I will add the Goliath as another," Chen Lin said, describing its exploration opportunity as a "big potentially multi-million discovery." </blockquote> The report noted that the Federal Reserve had held interest rates unchanged at its October meeting, while traders assigned approximately an 80% probability to a December rate increase. Expectations of higher interest rates reduced the relative appeal of gold because the metal did not generate interest income. Investors also monitored developments in energy markets and geopolitical tensions, which had contributed to inflation concerns. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-friday-october-30-2026-gold-slips-below-4000-as-mid-east-concerns-mount-111451238.html" target="_blank" rel="noopener">Yahoo!Finance reported on October 30 that gold had slipped below US$4,000 per ounce during early trading, reaching US$3,986.20 as of 7:04 a.m</a>. ET. In an article by Tim Manni, the publication described the market's performance as "Gold prices continue to struggle this week ... amid instability in the Middle East." The report also noted that gold had declined 4.3% over the preceding month but remained 2.3% higher than one year earlier. Middle East tensions continued to influence commodity markets, particularly following an attack on a tanker in the Strait of Hormuz that raised concerns about energy supplies. Despite the recent decline, gold continued to serve multiple roles in global markets. <a href="https://tradingeconomics.com/commodity/gold" target="_blank" rel="noopener">Trading Economics</a> described the metal as "one of the most widely followed precious metals" and noted its established use as an investment asset, jewelry commodity, and industrial material. The publication identified jewelry consumption and investment demand as the principal sources of global gold demand. <h2>Stifel Maintains Buy Rating as Third-Parties Examine Gold Discovery's Expansion</h2> Stifel analyst Cole McGill examined Goliath Resources Limited's expanding gold discovery in a July 15 research note, following step-out drilling that extended the Bonanza shear structure approximately 750 meters to the southwest. McGill stated that the results "showcase continuity of the Bonanza shear structure/host lithology (>1.8km x >1.8km corridor)." He also noted that additional step-out drilling had "the ability to put upward pressure on total ounce count of property." McGill based his valuation on Stifel's exploration target of 4.2 million ounces of gold, assigning Goliath a valuation of approximately US$45 per ounce. <a href="https://www.tipranks.com/stocks/tse:got/forecast">According to TipRanks</a>, McGill subsequently reiterated a Buy rating on September 11, with a CA$4.25 price target. <a href="https://www.youtube.com/watch?v=655YjQy16Lg" target="_blank" rel="noopener">Newsletter author Chen Lin of What Is Chen Buying? What Is Chen Selling? discussed Goliath during an October 15 appearance on Turning Hard Times to Good Times</a>, hosted by Jay Taylor. Lin identified the company during a broader discussion about junior gold explorers and the possibility that financially strong gold producers could pursue acquisitions during periods of market weakness. "I will add the Goliath as another," Lin said, describing its exploration opportunity as a "big potentially multi-million discovery." He also commented on the consistency of the company's drilling results, stating, "They seem to be hitting every hole they're hitting." Taylor agreed with Lin's assessment, responding, "No, Goliath. Absolutely." Lin connected his interest in junior explorers to the financial condition of larger gold producers, which he described as having substantial cash reserves and relatively little debt. "The balance sheet [is] very, very good. They have very little debt and a lot of cash," he said. He also discussed the possibility of acquisitions during market downturns, stating, "Even if there's a crash, I would say the gold mining company should do okay." The discussion also addressed weakness in smaller mining stocks and the possibility of additional selling pressure toward year-end. "This year the tax selling is going to be a buffet," Lin said, referring to opportunities he associated with declining valuations and tax-loss selling. <h2>Pending Assays and 2027 Gold Exploration Plans</h2> Goliath Resources is awaiting assay results from 55 drill holes completed during its 2026 exploration campaign at the Golddigger Property in British Columbia's Golden Triangle. The company reported that results would be announced once received, compiled, and interpreted, with <a href="https://goliathresourcesltd.com/wp-content/uploads/2026/10/Golddigger-Property-Ocotber-8-2026.pdf" target="_blank" rel="noopener">its October 8 presentation</a> outlining an anticipated period of assay announcements extending into early 2027. The completed 2026 program consisted of 48,443 meters of drilling across 97 holes, expanding the Surebet Discovery's mineralized footprint by 12%, from 1.8 to 2.01 square kilometers. The campaign extended the Bonanza Zone to approximately 1,650 meters and the Golden Gate Zone to 1,500 meters, with both remaining open for further expansion. Drilling also identified the Big Bulk Zone between the Bonanza and Golden Gate zones, where mineralized intercepts reached up to 58 meters with grades of up to 3.60 grams per tonne gold equivalent. Across the broader Surebet Discovery, Goliath reported visible gold in 412 of 483 holes drilled through 2026, representing approximately 85% of the total. For 2027, Goliath outlined a new infill and expansion drilling program targeting established mineralized zones and extensions beyond the existing drilled footprint. The company's presentation identified specific northeast and southern expansion areas, along with additional directions where mineralization remained open. The presentation did not specify the number of planned holes, total drilling meters, or a budget for the program. The company has also developed a comprehensive geological model incorporating seven geological units and seven faults, supported by 8,139 lithological logging intervals and structural measurements from oriented drill core. <div>[GR_OWNERSHIP_9595] <div> <div> <h2>Ownership and Share Structure1</h2> Strategic entities hold about 11.20% of Goliath Resources, Management and the team own approximately 19% on a partially diluted basis, and institutions hold about 1.86%, with retail investors accounting for the balance. The largest disclosed holders are Crescat Portfolio Management LLC (11.20%) and Roger Rosmus (3.28%). The company has roughly 177.94 million shares outstanding and a market capitalization of about CA$211.75 million. Insiders were buyers over the last seven months, purchasing about 37,000 shares in the open market and have exercised options equating to 1,000,000 shares purchased, with no verified open-market sales in that window. 3 series of warrants remain outstanding. Public records show 3 historical share restructures. </div> </div> <div> <h2>Frequently Asked Questions About Goliath Resources and Its Surebet Gold Discovery</h2> What is the latest news about Goliath Resources stock? Goliath Resources Limited announced on October 30, 2026, that it had closed a CA$9.8 million non-brokered private placement financing with institutional support. The company issued 6,057,000 flow-through shares at CA$1.62 per share, with no warrants or finder's fees. The financing was intended to support exploration at its flagship Golddigger-Surebet Gold Discovery in British Columbia's Golden Triangle. How much cash does Goliath Resources have heading into 2027? Goliath Resources reported an anticipated cash position of approximately CA$27.5 million heading into 2027, following its CA$9.8 million financing. The company designated the new financing proceeds for qualifying exploration expenditures at its Golddigger-Surebet Gold Project, with those expenditures required to be incurred by December 31, 2027. When will Goliath Resources release its next gold drilling results? Goliath Resources confirmed that assay results from 55 drill holes remained pending following its completed 2026 exploration campaign. CEO Roger Rosmus stated that the company would announce the results once they were received, compiled, and interpreted. Its October 8 corporate presentation outlined an anticipated period of assay announcements extending into early 2027, although specific release dates were not provided. How much gold has Goliath Resources discovered at the Surebet Gold Project? Goliath Resources reported a mineralized footprint covering approximately 2.01 square kilometers at its Surebet Discovery. The company completed more than 200,000 meters of diamond drilling between 2021 and 2026, with over 1,500 drill-hole pierce points. Stifel analyst Cole McGill based his valuation on an exploration target of 4.2 million ounces of gold. That figure represented an exploration target rather than an established mineral resource estimate. What were the results of Goliath Resources' 2026 gold drilling program? The company completed 48,443 meters of drilling across 97 holes during its 2026 exploration campaign. The program expanded the Surebet Discovery's mineralized footprint by 12%, from 1.8 to 2.01 square kilometers. Drilling extended the Bonanza Zone to approximately 1,650 meters and the Golden Gate Zone to 1,500 meters, while also identifying the new Big Bulk Zone. What is the Big Bulk Zone at Goliath Resources' Surebet Discovery? The Big Bulk Zone is a mineralized area identified during Goliath's 2026 drilling campaign between the Bonanza and Golden Gate zones. The company reported mineralized intercepts reaching up to 58 meters, with grades of up to 3.60 grams per tonne gold equivalent. The discovery formed part of the company's broader exploration work at its Golddigger Property in British Columbia. What is Goliath Resources planning for its 2027 gold exploration program? Goliath Resources outlined a 2027 infill and expansion drilling program at the Golddigger-Surebet Gold Project. The planned campaign included drilling within established mineralized zones and exploration of extensions beyond the existing footprint, particularly northeast and south of the Surebet Discovery. The company had not specified the number of planned drill holes, total drilling meters, or a separate budget for the program. Where is Goliath Resources' Golddigger Gold Project located? The Golddigger Property is located in British Columbia's Golden Triangle mining district in Canada. Goliath Resources reported 100% ownership of the property, which covers approximately 91,518 hectares, or 226,146 acres. The property hosts the Surebet Gold Discovery, including the Bonanza, Golden Gate, and Big Bulk mineralized zones. Is Goliath Resources a gold or copper exploration company? Goliath Resources' exploration activities discussed in its October 2026 announcements focused on gold mineralization at the Golddigger-Surebet Gold Project. Although the property's mineralized system also contains other metals, including silver and copper, the company's 2026 drilling results and planned 2027 exploration program emphasized its gold discovery. What could investors watch for next from Goliath Resources? The company's identified upcoming developments included assay results from 55 outstanding drill holes, its planned 2027 infill and expansion drilling campaign, and the final TSX Venture Exchange approval of its completed CA$9.8 million financing. Goliath also established a December 31, 2027, deadline for incurring the qualifying exploration expenditures associated with its newly issued flow-through shares. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div>Important Disclosures:<ol> <li>Goliath Resources is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Goliath Resources were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-30 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-30 through 2026-10-30 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32933"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32933" width="0" height="0"> ( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE, ) Fri, 30 Oct 2026 00:00:00 PST Exploration Co. Confirms 550 m x 500 m High-Grade Gold Zone at Goldswarm, Drill-Ready for 2027 https://www.streetwisereports.com/article/2026/10/30/exploration-co-confirms-550-m-x-500-m-high-grade-gold-zone-at-goldswarm-drill-ready-for-2027.html Source: <a href="https://www.streetwisereports.com/article/2026/10/30/exploration-co-confirms-550-m-x-500-m-high-grade-gold-zone-at-goldswarm-drill-ready-for-2027.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Juggernaut Exploration Ltd. (JUGR:TSX.V) reports surface samples up to 239.02 g/t Au over a 550 m by 500 m area at Goldswarm on the Big One property, remaining open and drill-ready for the 2027 program.Juggernaut Exploration Ltd. (JUGR:TSX.V) has confirmed extensive high-grade gold mineralization over a 550 m (meters) by 500 m area at the Goldswarm Discovery on its 100% controlled Big One property in British Columbia's Golden Triangle, with surface samples assaying up to 239.02 grams per tonne gold (g/t Au). The zone remains open and is now drill-ready for an inaugural program planned for 2027. <h2>Key Investor Takeaways</h2> <ul> <li>Juggernaut confirmed a 550 m by 500 m high-grade gold footprint at Goldswarm, with assays up to 239.02 g/t Au, remaining open for expansion.</li> <li>The zone is drill-ready, with the inaugural 2027 program designed to test stacked veins and propylitic alteration along 500 m of strike.</li> <li>Broader Eldorado System drilling in 2026 delivered intercepts including 3.20 g/t Au over 4.02 m and 3.08 g/t Au over 5.03 m, supporting district-scale potential.</li> <li>Strong funding position from 2026 warrant exercises and financings supports the fully funded 2027 drill campaign.</li> <li>Geologic indicators, including pervasive propylitic alteration, point to possible proximity to a buried porphyry source across the Big One property.</li> </ul> <h2>Goldswarm Mineralization Confirmed</h2> The <a href="https://juggernautexploration.com/news-room/" target="_blank" rel="noopener">October 27, 2026, news release</a> detailed results from the 2026 field season, including grab samples up to 239.02 g/t Au. Within the central area, 21 samples assayed 10 g/t AuEq (gold equivalent) or higher, 29 samples at 5 g/t AuEq or higher, and 37 at 1 g/t AuEq or higher. The Goldswarm Discovery spans a 3 km (kilometer) area with gold-rich polymetallic veins exposed for 450 m and up to 4.5 m wide, featuring up to 700 m of vertical relief. President and COO Manuele (Lele) Lazzarotto said the work confirmed "consistent gold grade and mineralization throughout the veins and alteration zone at Goldswarm," providing additional drill targets. At the Motherlode Zone, drilling intersected broad altered intervals with dense quartz-sulphide veining, while increasing alteration at depth was described as consistent with a porphyry system. Lazzarotto also noted that the property's pervasive propylitic alteration and mineralization may indicate proximity to a buried porphyry source. The broader Eldorado System covers 22 square kilometers and hosts multiple zones including Big Mac, Whopper, and Motherlode. This year's drilling intersected intervals such as 3.08 g/t Au over 5.03 m at Whopper and 3.20 g/t Au over 4.02 m at Big Mac. Pervasive propylitic alteration suggests proximity to a potential buried porphyry source. The company has completed approximately 13,000 m of drilling across 30 holes in the expanded 2026 program, with multi-element assays pending. <h2>Gold Responding to Market Pressures</h2> Gold prices have continued to retreat from January's record levels amid shifting interest-rate expectations, inflation concerns, and changes in investor positioning. Spot gold traded at approximately US$3,907 per ounce as of the morning October 30, according to <a href="https://fortune.com/article/current-price-of-gold-10-30-2026/" target="_blank" rel="noopener">Fortune</a>. <a href="https://www.investing.com/currencies/xau-usd-historical-data" target="_blank" rel="noopener">Investing.com</a> showed gold closing at US$3,947.29 per ounce on October 30, down 1.85% from the previous session. In the near term, bullion prices remain sensitive to Federal Reserve policy expectations, Treasury yields, inflation data, and movements in the U.S. dollar. Official-sector buying and investment activity remain important factors in gold's longer-term outlook. According to the <a href="https://www.gold.org/goldhub/research/central-banks" target="_blank" rel="noopener">World Gold Council</a>, central banks added a net 39 metric tons of gold to their reserves in August, with China, Uzbekistan, and Poland among the largest buyers. Price forecasts reflect differing views on how these forces will develop. Goldman Sachs trimmed its end-2026 gold estimate to US$4,650 per ounce from US$4,900 in September but kept its US$5,400 target for the end of 2027, pointing to continued central bank purchases, <a href="https://investinglive.com/commodities/icymi-goldman-trims-end-2026-gold-forecast-to-4-650-but-holds-5-400-target-for-2027/" target="_blank" data-auth="NotApplicable" data-outlook-id="885c5adc-f8cb-4fa6-99bf-25506719b1fa" data-linkindex="0" rel="noopener">InvestingLive reported</a>. Further geopolitical disruptions, expectations for lower interest rates, and increased investor demand could provide support for bullion. Conversely, persistent inflation, higher Treasury yields, and a strengthening U.S. dollar could constrain its upside. <h2>Expert Assesses Juggernaut</h2> On October 27, 2026, Chen Lin of What Is Chen Buying? What Is Chen Selling? followed up on his coverage of the company, writing: "JUGR.v confirms the high-grade gold mineralization at Goldswarm; they are planning to drill this out next year." This follows an August 31 statement, where he said, "JUGR.v very promising drilling core. Basically, they hit 20 meters of quartz-sulphide similar to their surface sample up to 44.76g/t aueq or 4 meters of 6.89g/t channel samples. Can't wait for their drilling results." <h2>Funding and Next Steps</h2> Juggernaut is fully funded for the 2027 drill program targeting the high-grade veins and alteration at Goldswarm. Earlier <a href="https://thenewswire.com/press-releases/1BNMFy1qj-juggernaut-receives-10-341-500-from-warrants-exercised.html" target="_blank" rel="noopener">2026 financings and warrant exercises</a> provided substantial capital. <a href="https://thenewswire.com/press-releases/1kEjFW0Rl-juggernaut-confirms-area-of-550-m-by-500-m-of-extensive-high-grade-gold-mineralization-with-surface-samples-up-to-7-68-oz-t-gold-on-goldswarm-that-remains-open-and-drill-ready-on-new-district-scale-gold-silver-copper-discovery-on-100-controlled-big-one-property-golden-triangle-b-c.html" target="_blank" rel="noopener">Management highlighted</a> consistent gold grades and structural understanding as key positives for targeting. <div> <div>[GR_OWNERSHIP_9609]</div> <div> <div> <h2>Ownership and Share Structure1</h2> Management and insiders own approximately 38.00% of Juggernaut Exploration, while institutions hold about 18.70%, with retail investors accounting for the balance. The largest disclosed holders include Crescat Portfolio Management LLC (10.67%), Crescat Capital LLC (7.04%), and Daniel Stuart (0.38%). The company has roughly 50.13 million shares outstanding, a market capitalization of about CA$17.5 million, and a 52-week trading range of approximately CA$0.34 to CA$1.95. Insiders were sellers over the last six months, selling about 45,000 shares, with no verified open-market purchases in that window. 10 series of warrants remain outstanding. Public records show 6 historical share restructures. </div> </div> </div> <h2>Common Questions from Investors</h2> What did the latest surface sampling at Goldswarm show? Grab samples reached 239.02 g/t Au, with multiple samples exceeding 5 g/t AuEq and a confirmed mineralized area of 550 m by 500 m that remains open. When is the next drilling planned? The inaugural drill program on Goldswarm is scheduled for 2027, using 2026 results to refine targets. What is the scale of the Eldorado System? The system spans 22 km with about 400 mineralized veins and multiple zones tested in the 2026 drill campaign. Is the company funded for upcoming work? Yes, recent warrant exercises and financings have provided capital sufficient for the planned 2027 drilling. <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 Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Juggernaut Exploration were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-03 through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32930"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32930" width="0" height="0"> ( Companies Mentioned: JUGR:TSX.V, ) Fri, 30 Oct 2026 00:00:00 PST Junior's Drills Turn Within Month of Newmont Deal for Nevada Gold Project https://www.streetwisereports.com/article/2026/10/30/juniors-drills-turn-within-month-of-newmont-deal-for-nevada-gold-project.html Source: <a href="https://www.streetwisereports.com/article/2026/10/30/juniors-drills-turn-within-month-of-newmont-deal-for-nevada-gold-project.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCQB) has started a 15,000-meter drill program at its Northumberland Gold Project in Nevada, keeping its promise to begin drilling within a month of buying the project from Newmont. Find out why one technical analyst says a breakout on the charts could ignite a new bull run.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>StrikePoint Gold Inc. has started a Phase 1 program of about 15,000 meters at its Northumberland Gold Project in Nevada, meeting its goal of drilling within a month of buying the project from Newmont.</li> <li>The fully permitted program on private land is designed to expand and infill the resource and collect metallurgical samples, and more rigs are expected early in the new year to test largely untested targets.</li> <li>Northumberland hosts 2.86 million ounces gold equivalent (AuEq) in the Indicated category at 1.33 grams per tonne and 1.57 million ounces AuEq Inferred at 1.58 g/t. The deposit remains open in several directions.</li> <li>StrikePoint paid Newmont US$70 million in cash at closing and funded the deal with a CA$190 million bought-deal private placement. Two further US$25 million payments are tied to a feasibility study and production milestones.</li> <li>Tembo Capital holds about 19.9% of the company and a 0.5% net smelter return royalty on Northumberland.</li> <li>Technical analyst Stewart Thomson says StrikePoint has moved from grassroots exploration into funded, near-term development, and that a breakout over its downtrend line could ignite a new bull run.</li> </ul> <center> <h2>Drills Turn at Northumberland</h2> </center> <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> has started drilling at its Northumberland Gold Project in Nevada, launching a Phase 1 program of about 15,000 meters, <a href="https://www.strikepointgold.com/news/strikepoint-gold-commences-drilling-at-northumberland-gold-2026-10-29-qm-9002209028425017" target="_blank" rel="noopener">according to an October 29 release</a>. The program is StrikePoint's first at Northumberland since it bought the project from Newmont Corp. (NEM:NYSE; NEM:ASX; NEM:PNGX) earlier this month. When that deal closed, President and CEO Michael G. Allen said the company expected to start drilling within a month, <a href="https://thedeepdive.ca/strikepoint-completes-northumberland-deal-backed-by-c190-million-financing/" target="_blank" rel="noopener">The Deep Dive reported</a>, and the rig is now turning on schedule. Allen, who had just returned from the site, called the new rig "an amazing machine" and said the early holes will be about learning the ground. "It's the initial program into the new asset. Lots to learn, and the first few holes are going to be us getting to know the deposit," he said. <center> <h2>A Fully Permitted Start</h2> </center> NISS Global has mobilized a core rig for the program, which is fully permitted and on private land. The first round of drilling is designed to expand and infill the existing mineral resource and to collect metallurgical samples across the Carlin-style gold system. More rigs are expected to arrive early in the new year. Allen said in the release that the infill work should firm up the current resource. "We're pleased to have commenced drilling at Northumberland and for the opportunity that this asset represents for our shareholders. The infill drilling is intended to upgrade our confidence in the current mineral resource estimate, which remains open to expansion in a number of directions, and provide new samples for metallurgical optimization," he said. The added rigs will push beyond the known resource. "As additional drills arrive, we'll look to expand into exploration on several priority but, as yet, largely untested targets," Allen said. <center> <h2>4.4 Million Ounces to Build On</h2> </center> Northumberland is a 100%-owned, past-producing Carlin-style gold project in Nye County, in Nevada's Walker Lane. StrikePoint's first resource estimate, effective July 31, 2026, outlines Indicated resources of 67 million tonnes grading 1.33 grams per tonne (g/t) gold equivalent (AuEq) for 2.86 million ounces AuEq. That includes 2.71 million ounces of gold and 11.6 million ounces of silver. Inferred resources add 31 million tonnes at 1.58 g/t AuEq for 1.57 million ounces AuEq. The estimate uses prices of US$3,500 per ounce of gold and US$55 per ounce of silver. StrikePoint closed its purchase of Northumberland from Newmont in early October, paying US$70 million in cash at closing, with two more US$25 million payments tied to completing a feasibility study and reaching commercial production milestones, The Deep Dive reported. It funded the deal with a CA$190 million bought-deal private placement led by Canaccord Genuity. Tembo Capital took about 19.9% of the company and paid US$10 million for a 0.5% net smelter return royalty on the project. StrikePoint can buy back half of that royalty for US$25 million. On October 13, the company hired Keith Wood as exploration manager and named Stephen Quin strategic advisor. StrikePoint also holds the Hercules project in Lyon County and the Cuprite project in Esmeralda and Nye counties, both in Nevada. <center> <h2>Charts and Coverage Turn Bullish</h2> </center> 1Technical analyst Stewart Thomson rated StrikePoint a Speculative Buy <a href="https://www.streetwisereports.com/article/2026/10/26/canadian-explorer-in-nevada-has-bullish-charts-and-transformative-transaction-with-newmont.html?utm_medium=feed" target="_blank" rel="noopener">in an October 26 report</a>, with the stock at CA$1.45 on October 23. He said the Newmont deal transformed the company. "StrikePoint is a company that has moved decisively from grassroots exploration into funded, near-term development," he wrote. Thomson noted that StrikePoint came out of its CA$190 million financing with about CA$90 million in working capital and five drill permits in hand, "with no near-term dilution need." He also pointed to its shareholder list, with Tembo at about 19.9%, Ithaki at 13.7%, and BlackRock Advisors at 10.2%. "A strong institutional base (Tembo, Ithaki, BlackRock) underpins the re-rating," he wrote. On the charts, Thomson said StrikePoint has broken out of a large bull wedge pattern on its weekly chart and consolidated as volume picked up around the Newmont deal. On the daily chart, the stock is pressing against a downtrend line with oversold stochastics. "A breakout over the downtrend line likely ignites a new bull run," he wrote. He listed key resistance zones for investors to take profits at CA$4 in the short term, CA$10 in the medium term, and CA$17 in the long term. He sees the backdrop for the whole sector improving, with gold holding near US$4,000 and weekly stochastics near three-year lows. "A buy zone for gold is a buy zone for gold stocks," he wrote. Trade coverage of the Newmont deal pointed straight to the drill program now underway. <a href="https://thedeepdive.ca/strikepoint-completes-northumberland-deal-backed-by-c190-million-financing/" target="_blank" rel="noopener">Writing for The Deep Dive on October 7</a>, the day after closing, Jay Lutz said the initial resource estimate "is viewed as a starting point," <a href="https://thedeepdive.ca/strikepoint-completes-northumberland-deal-backed-by-c190-million-financing/">noting</a> that the deposit is open in multiple directions and that StrikePoint already held five drill permits. "StrikePoint doesn't plan to wait long to get rigs turning for further exploration," he wrote. Lutz also reported that Allen expected drilling to start within a month and that the team would evaluate several greenfield targets that could be drilled in 2027. The project has had little attention in recent years. Northumberland hosted open-pit production until 1991 and has not been explored since about 2010, leaving numerous untested targets, <a href="https://mining.com.au/strikepoint-acquires-newmont-gold-project-for-100-million/" target="_blank" rel="noopener">Paula Fabe reported for Mining.com.au</a> on October 7. <center> <h2>Gold's Long-Term Case Holds</h2> </center> Gold has cooled off since its January record above US$5,500 an ounce, trading near US$4,024 on October 29, <a href="https://www.usagold.com/daily-precious-metals-market-report-october-29-2026/" target="_blank" rel="noopener">according to USAGold</a>, after the Federal Reserve held rates steady but two officials pushed for a hike, <a href="https://www.kitco.com/news/article/2026-10-28/gold-steadies-silver-falls-fed-holds-rates-two-officials-favor-hike-kitco" target="_blank" rel="noopener">Kitco reported</a>. Some forecasters still see higher prices ahead. Goldman Sachs is sticking with its US$5,400 target for the end of 2027, <a href="https://investinglive.com/commodities/icymi-goldman-trims-end-2026-gold-forecast-to-4-650-but-holds-5-400-target-for-2027/" target="_blank" rel="noopener">according to InvestingLive</a>, and expects tighter Fed policy to slow the rally rather than end it. The bank pointed to central banks buying about 90 tonnes of gold a month, compared with a pre-2022 average of 17 tonnes. State Street Investment Management's gold team, led by Aakash Doshi, sees a path back to US$5,000 and as high as US$5,500 by early next year, <a href="https://www.kitco.com/news/article/2026-10-27/downside-risks-are-building-gold-prices-still-have-path-5000-state-streets" target="_blank" rel="noopener">Kitco reported</a> on October 27. The firm puts just a 35% probability on its bearish scenario of gold trading between US$4,000 and US$4,750 over the next six to nine months. <div>[GR_OWNERSHIP_209] <div><center> <h2>Ownership and Share Structure2</h2> </center> Institutions hold about 48.70% of StrikePoint, while strategic entities hold about 33.60%, with retail investors accounting for the balance. The largest disclosed holders include Tembo Capital Management, Ltd. (19.90%), Ithaki (13.70%), and BlackRock Advisors, LLC (10.20%). The company has roughly 102.24 million shares outstanding and a 52-week trading range of approximately CA$1.18 to CA$2.80. Insiders were buyers over the last six months, purchasing about 137,500 shares, with no verified open-market sales in that window. 6 series of warrants remain outstanding. Public records show 3 historical share restructures. </div> <div></div> </div> <center> <h2>Common Questions from Investors</h2> </center> What did StrikePoint announce on October 29? StrikePoint has started drilling at Northumberland with a core rig from NISS Global, launching a Phase 1 program of about 15,000 meters. It's the company's first drilling on the project since buying it from Newmont in early October. What is the first phase of drilling designed to do? The program is designed to expand and infill the existing resource and collect metallurgical samples across the Carlin-style gold system. CEO Michael Allen said the first few holes will be about getting to know the deposit. Where is Northumberland, and what's its history? Northumberland is a 100%-owned, past-producing Carlin-style gold project in Nye County, in Nevada's Walker Lane. It hosted open-pit production until 1991 and hasn't been explored since about 2010. How big is the resource? StrikePoint's first resource estimate, effective July 31, 2026, shows 2.86 million ounces AuEq in the Indicated category at 1.33 grams per tonne and 1.57 million ounces AuEq Inferred at 1.58 g/t. How did StrikePoint pay for the project? It paid Newmont US$70 million in cash at closing, with two more US$25 million payments tied to a feasibility study and commercial production milestones. A CA$190 million bought-deal private placement led by Canaccord Genuity funded the purchase. What comes next? More rigs are expected early in the new year, when StrikePoint plans to move into exploration on several priority but largely untested targets. The team will also evaluate greenfield targets that could be drilled in 2027. What does the technical picture show? Technical analyst Stewart Thomson said StrikePoint has broken out of a large bull wedge on its weekly chart, and that a breakout over the downtrend line on its daily chart likely ignites a new bull run. <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. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of StrikePoint Gold Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the Stewart Thomson article published on October 26, 2026 <ol> <li> <div data-olk-copy-source="MailCompose">StrikePoint Gold has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$4,000 for the preparation of an independent technical research report, published on October 26, 2026.</div> </li> <li> <div>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed. Mr. Thomson owns no securities in StrikePoint, and he has no direct financial relationship with the company.</div> </li> </ol> 2. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for StrikePoint were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-29 through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32929"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32929" width="0" height="0"> ( Companies Mentioned: SKP:TSX.V; STKXF:OTCQB, ) Fri, 30 Oct 2026 00:00:00 PST Algo Grande Confirms High-Grade Copper and New Skarn at Adelita https://www.streetwisereports.com/article/2026/10/30/algo-grande-confirms-high-grade-copper-and-new-skarn-at-adelita.html Source: <a href="https://www.streetwisereports.com/article/2026/10/30/algo-grande-confirms-high-grade-copper-and-new-skarn-at-adelita.html?utm_medium=feed">Bob Moriarty 10/29/2026</a> Bob Moriarty of 321gold.com reviews Algo Grande's latest drill results from Sonora that delivered 139.81 meters of 1.3 percent CuEq and uncovered a fresh gold-rich skarn, strengthening the case for structural control along the project corridor.<a href="https://www.streetwisereports.com/pub/co/11488?utm_medium=feed" target="_blank" rel="noopener">Algo Grande Copper Corp.'s (ALGR:TSXV; ALGRF:OTCPK; KM00:FSE)</a> newest intercept at Adelita shows that the project continues to deliver strong copper values while revealing a previously unknown gold-rich zone that fits the structural model I have been watching. The company started its <a href="https://algo-grande.com/news/algo-grande-copper-commences-phase-ii-drill-program-at-adelita-project" target="_blank" rel="noopener">fully funded Phase II drill program</a> of 7,200 meters back in June 2026 and has now finished roughly 4,000 meters. Results from the first three holes are in, with assays for holes 004 through 009 still awaited.<a href="https://algo-grande.com/news/algo-grande-copper-makes-new-skarn-discovery-at-adelita-step-out-hole-ag-cg-ph2-003-returns-a-combined-139.81-metres-of-1.3-cueq-from-cerro-grande-and-the-new-margarita-skarn" target="_blank" rel="noopener"> On October 28</a>, the team reported that hole PH2-3 cut 139.81 meters grading 1.3 percent CuEq across three separate skarn layers. The deepest of those layers, now named the Margarita skarn, turned out to be a new gold-rich discovery that backs the idea of a fault-controlled system at Adelita that earlier workers had missed. Hole 3 marked the first drill test of a target located away from Cerro Grande. Finding a fresh and unexpected skarn zone gives weight to the view that faults cutting through the limestone dictate where skarn bodies develop. The company has already mapped ten structural intersections along the seven-kilometer corridor, each showing magnetic signatures similar to those at Cerro Grande. The Margarita target served as the initial check on that concept. Although I am not a specialist in deposit formation, I have visited enough projects to recognize the basic process at work. A magmatic intrusion rises and carries traces of metals upward. Acidic fluids then dissolve and transport those metals higher until they encounter a limestone layer. The shift in chemistry causes the metals to drop out of solution and create a skarn. In many settings, these skarn zones sit near porphyry systems. Earlier assays already pointed to a nearby porphyry at Adelita. Investors often favor porphyries for their long runs of lower-grade material, yet skarns tend to supply a large share of global copper output precisely because their grades run higher even if the intercepts are shorter. The Margarita discovery, therefore, adds both grade and new exploration ground. With ten comparable structural sites still to test, the corridor offers multiple opportunities to repeat this style of intercept. I see the results as confirmation that the structural thesis is working and that further drilling along the corridor should continue to locate additional skarn horizons. <h2>Key Investor Takeaways</h2> <ul> <li>Phase II program totals 7,200 meters with about 4,000 meters completed so far.</li> <li>Hole PH2-3 returned 139.81 meters at 1.3 percent CuEq from three skarn layers.</li> <li>The new Margarita skarn is a gold-rich discovery supporting the structural model.</li> <li>Ten structural intersections with similar magnetic signatures have been mapped along the 7 km corridor.</li> <li>Skarns often produce higher grades than the nearby porphyry systems investors prefer.</li> <li>Earlier assays already indicated a porphyry source close to the project.</li> <li>The Margarita target was the first test of the fault-controlled thesis.</li> </ul> <h2>Common Questions from Investors</h2> What does the Margarita skarn add to the story? It introduces a new gold-rich horizon and confirms that the structural model can locate skarn bodies away from the main Cerro Grande area. Why do skarns matter more than porphyries here? They deliver higher grades even in shorter intercepts and account for much of the world's copper production. Are more targets ready for testing? Yes, ten structural intersections with matching magnetic signatures have already been identified along the corridor. Have all assays from the first holes been released? No, results for holes 004 through 009 are still pending. <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>Algo Grande Copper 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 Algo Grande Copper Corp.</li> <li>Bob Moriarty: I, or members of my immediate household or family, own securities of: Algo Grande Copper Corp. My company has a financial relationship with: Algo Grande Copper Corp. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32928"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32928" width="0" height="0"> ( Companies Mentioned: ALGR:TSXV;ALGRF:OTCPK;KM00:FSE, ) Thu, 29 Oct 2026 00:00:00 PST Silver-Gold Miner Drills 40% Past Target in Golden Triangle https://www.streetwisereports.com/article/2026/10/29/silver-gold-miner-drills-40-past-target-in-golden-triangle.html Source: <a href="https://www.streetwisereports.com/article/2026/10/29/silver-gold-miner-drills-40-past-target-in-golden-triangle.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> Contango Silver and Gold Inc. (CTGO:TSX; CTGO:NYSEAMERICAN) drilled 56,492 meters at its Kitsault Valley Project this season, 40% more than planned, while getting ahead of schedule on its Alaska projects. <center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Contango Silver and Gold Inc. drilled 56,492 meters at Kitsault this season, about 40% more than planned and on budget, with assays due over the next two to three months.</li> <li>The 2026 drilling will feed a Kitsault resource update in the first half of 2027 and an Initial Assessment later that year. The September update lifted Indicated resources 93% to 89.55 million ounces of silver equivalent.</li> <li>Johnson Tract infrastructure was finished ahead of schedule and under budget, and the savings let the company build a camp pad that had been planned for 2027.</li> <li>Drilling from Lucky Shot's 2070E drift is the first modern test of the vein system's eastern extent, and a second rig starts on November 15.</li> <li>The company believes British Columbia's new majority Conservative government, which has signaled support for faster resource development, will help keep Kitsault on its timeline.</li> <li>Contango expects to land at the low end of its 2026 Manh Choh production guidance after rain cut a processing campaign short. Third-quarter results are due in mid-November.</li> <li>With its hedges removed, the company says it has a clean balance sheet and full exposure to the gold price.</li> </ul> <center> <h2>Kitsault Drilling Beats Plan by 40%</h2> </center> <a href="https://www.streetwisereports.com/pub/co/5439?utm_medium=feed" target="_blank" rel="noopener">Contango Silver and Gold Inc. (CTGO:TSX; CTGO:NYSEAMERICAN)</a> drilled 56,492 meters in 152 holes at its Kitsault Valley Project in British Columbia's Golden Triangle this season, about 40% more than the 40,000 meters it originally planned, <a href="https://contangoore.com/contango-provides-corporate-update-kitsault-drill-program-exceeds-target-johnson-tract-infrastructure-ahead-of-plan-lucky-shot-2070-east-drift-drilling-underway/" target="_blank" rel="noopener">according to an October 28 release</a>. The company said it drilled the extra meters on budget. Better rig productivity lowered the cost per meter, and there were fewer weather and mobilization delays. The program wrapped up on October 15 after drilling from 61 pads. It was designed to expand known high-grade zones, use infill drilling to convert parts of the resource to higher-confidence categories, and test new targets found in 2025. Assays are pending, and the company plans to release them over the next two to three months. CEO Rick Van Nieuwenhuyse said the company entered the year focused on getting things done in the field. "At the beginning of the year, I said it was all about execution, and this season demonstrated what disciplined execution can deliver," he said. <center> <h2>Alaska Projects Get a Head Start</h2> </center> Contango also got ahead of schedule at its Johnson Tract Project, about 125 miles southwest of Anchorage, Alaska. Crews built a 2.6-mile access road connecting the existing camp to the proposed portal site and finished the portal laydown area, both ahead of schedule and under budget. The work sets up access for an underground exploration drift scheduled to start in 2027. Budget savings also let the company build a new camp pad that had been planned for 2027. Contango has selected an engineering consultant for a planned 60-person, fully winterized camp, targeted for 2027, that will allow year-round work as the project moves toward feasibility-level studies. Environmental studies continued through the season to support permitting. At Lucky Shot, about 75 miles north of Anchorage, drilling began on October 22 from the 2070E drift. It is the first modern program to test the eastern extent of the Lucky Shot vein system, with 42 holes totaling 3,650 meters planned from six drill stations. A second rig is set to start drilling from the 2300E drift on November 15, with another 42 holes and 5,320 meters planned from six stations. Both rigs will drill through the end of 2026, and the company expects to finish in early 2027. Contango also finished about 5,800 meters in 27 holes in its Coleman surface program at Lucky Shot. It completed 943 meters in 16 underground holes, testing the KM vein from the West Drift Extension. Assays from both programs are expected in Q4. President Shawn Khunkhun credited the field teams and contractors. "Getting more done for the same budget across three projects, while bringing forward infrastructure at Johnson Tract and opening up the east side of the Lucky Shot vein system for the first time in the modern era, reflects the quality of our people and our commitment to operational excellence," he said. <center> <h2>BC Tailwind, Bigger Resource</h2> </center> The company welcomed the results of British Columbia's October 24 election, in which the Conservatives appear to have won a majority government, which the company called the first in nearly a century. Elections BC's preliminary count shows the party leading in 63 of 93 ridings, enough for a majority, though results won't be final until the official count scheduled for November 6 to 10, <a href="https://results.elections.bc.ca/" target="_blank" rel="noopener">according to Elections BC</a>. The company said the Conservatives have signaled support for faster responsible resource development and less regulatory red tape, and it believes that will help keep Kitsault on its previously outlined timeline. <blockquote class="callOut left">National Bank Financial initiated coverage on October 8 with an "Outperform" rating.</blockquote> Kitsault's resource grew sharply in the company's <a href="https://contangoore.com/contango-announces-updated-mineral-resource-estimate-for-kitsault-valley-project-indicated-resources-increase-93-to-89-5-million-silver-equivalent-ounces/" target="_blank" rel="noopener">September 22 update.</a> Indicated resources rose 93% to 89.55 million ounces of silver equivalent (AgEq), or 7.66 million tonnes at 363 grams per tonne (g/t) AgEq. Inferred resources stand at 64.92 million ounces AgEq, or 6.31 million tonnes at 320 g/t AgEq. None of the 2026 drilling is in that estimate. Contango plans to fold it into another resource update in the first half of 2027, followed by an Initial Assessment later in 2027. Contango's production comes from its 30% interest in the Peak Gold joint venture, which includes the Manh Choh mine. A subsidiary of Kinross Gold Corp. (K:TSX; KGC:NYSE) owns the other 70% and operates the venture. The third 2026 processing campaign for Manh Choh ore ran from August 20 to September 24 and ended early because of persistent rain. Mill changes made to handle higher copper and sulfide content also increased reagent use. The remaining tons move to a fourth campaign starting in November. The company expects Q3 unit cash costs to be similar to Q2 and is guiding to the low end of its 2026 production guidance, about 40,000 gold-equivalent ounces attributable to its 30% share. Q3 results are due in mid-November. Khunkhun said the company has also cleaned up its balance sheet. "With our hedges now removed, we have a clean balance sheet and full exposure to the gold price," he said. <center> <h2>Analysts See Upside</h2> </center> Freedom Broker analyst Vitaly Kononov kept his "Buy" rating and raised his target to US$32 from US$30 on October 22, <a href="https://www.tipranks.com/news/the-fly/contango-ore-price-target-raised-to-32-from-30-at-freedom-broker-thefly-news" target="_blank" rel="noopener">according to TipRanks</a>. In a third-quarter preview for gold producers, he said he expects operating results across the group to diverge more sharply. National Bank Financial initiated coverage on October 8 with an "Outperform" rating, <a href="https://www.marketbeat.com/stocks/NYSEAMERICAN/CTGO/forecast/" target="_blank" rel="noopener">according to MarketBeat</a>. Chris Temple of The National Investor wrote in his September 27 newsletter that Contango "is one of the most robust economic stories in precious metals anywhere," calling Manh Choh "one of the highest-grade open-pit gold mines in the world." On September 25, Maxim Group analyst Tate Sullivan reiterated a "Buy" rating and raised his target to US$35 from US$28, <a href="https://www.tipranks.com/stocks/CTGO/forecast" target="_blank" rel="noopener">according to TipRanks</a>. Cantor Fitzgerald analyst Mike Kozak maintained a "Speculative Buy" rating and US$32 price target on Contango in an August 14 report, with the stock at US$19.48. He called the second-quarter results mixed. Higher production and derivative gains helped, but costs stayed high as Manh Choh processed lower-grade ore during its transition to the South Pit. <center> <h2>Metals Dip, Bulls Hold</h2> </center> Gold and silver are pulling back after a hawkish Federal Reserve hold, but some major forecasters see the correction as a buying window. Spot gold traded near US$4,024 an ounce on October 29 and silver near US$52.41, <a href="https://www.usagold.com/daily-precious-metals-market-report-october-29-2026/" target="_blank" rel="noopener">according to USAGold</a>. Both are well below the record above US$5,500 that gold set in January. The Fed left rates at 3.75% to 4.00% on October 28, though two officials voted for a hike, <a href="https://www.kitco.com/news/article/2026-10-28/gold-steadies-silver-falls-fed-holds-rates-two-officials-favor-hike-kitco" target="_blank" rel="noopener">Kitco reported</a>. State Street Investment Management still sees a path back to US$5,000 and beyond, <a href="https://www.kitco.com/news/article/2026-10-27/downside-risks-are-building-gold-prices-still-have-path-5000-state-streets" target="_blank" rel="noopener">Kitco reported</a> on October 27. Head of Gold Strategy Aakash Doshi's team said prices could recover to US$5,500 by early next year, with structural demand still supporting the market. The firm puts only a 35% chance on its bear case, in which gold trades between US$4,000 and US$4,750 over the next six to nine months. Goldman Sachs reiterated its US$5,400 target for the end of 2027 in late September, <a href="https://investinglive.com/commodities/icymi-goldman-trims-end-2026-gold-forecast-to-4-650-but-holds-5-400-target-for-2027/" target="_blank" rel="noopener">according to InvestingLive</a>, saying rate hikes should slow the rally rather than derail it. The bank pointed to the central bank buying of about 90 tonnes a month, compared with a pre-2022 average of 17 tonnes. Silver's fundamentals remain tight. The Silver Institute expects the market's structural deficit to widen to 46.3 million ounces in 2026, with coin and bar demand forecast to rise 18%, <a href="https://silverinstitute.org/?p=20226" target="_blank" rel="noopener">according to its World Silver Survey 2026</a>. <div> <div>[GR_OWNERSHIP_5439] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 45.51% of Contango, Management and insiders own approximately 7.11%, and strategic entities hold about 5.69%, with retail investors accounting for the balance. The largest disclosed holders include State Street Corp (7.11%), BlackRock, Inc. (6.59%), Alyeska Investment Group, L.P. (6.47%), and Fury Gold Mines Limited (5.61%). The company has roughly 33.19 million shares outstanding and a market capitalization of about US$499.51 million. Insiders were net buyers over the last six months, purchasing about 14111 shares and selling about 1385 shares. No current warrants were found. Public records show 2 historical share restructures. </div> </div> </div> <center> <h2>Common Questions from Investors</h2> </center> What did the 2026 Kitsault drilling achieve? Contango drilled 56,492 meters in 152 holes from 61 pads, about 40% more than the 40,000 meters planned, and stayed on budget. Assays are pending and expected over the next two to three months. How big is the Kitsault resource? The September 22 update put Indicated resources at 89.55 million ounces of silver equivalent, up 93%, and Inferred resources at 64.92 million ounces. None of the 2026 drilling is in that estimate. How does the new BC government affect Kitsault? The company believes the new Conservative majority's support for faster responsible resource development and less red tape will help keep Kitsault on its previously outlined timeline. What's happening at Johnson Tract and Lucky Shot? At Johnson Tract, the company finished an access road, the portal laydown area, and a camp pad ahead of schedule, setting up an underground exploration drift in 2027. At Lucky Shot, two rigs will test the eastern extent of the vein system, with drilling expected to finish in early 2027. How is Manh Choh production tracking? Contango expects to come in at the low end of its 2026 guidance. Persistent rain ended the third processing campaign early, and the remaining tons moved to a fourth campaign starting in November. What are the next catalysts? They are Kitsault assays over the next two to three months, Lucky Shot's Coleman and KM vein assays in Q4, and third-quarter results in mid-November. After that comes a Kitsault resource update in the first half of 2027 and an Initial Assessment later in 2027. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Contango Silver and Gold Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of 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> <div> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Contango were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-29 through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div> </div> <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32926"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32926" width="0" height="0"> ( Companies Mentioned: CTGO:TSX; CTGO:NYSEAMERICAN, ) Mon, 02 Nov 2026 00:00:00 PST Australia Backs US$126 Million Rare Earth Financing as a Mine-to-Magnet Supply Chain Takes Shape https://www.streetwisereports.com/article/2026/11/02/australia-backs-us-126-million-rare-earth-financing-as-a-mine-to-magnet-supply-chain-takes-shape.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/australia-backs-us-126-million-rare-earth-financing-as-a-mine-to-magnet-supply-chain-takes-shape.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) secured conditional Australian government financing commitments for its Donald Rare Earth Project as it advanced plans to expand U.S. rare earth processing and permanent magnet manufacturing.<h2>Key Investor Takeaways</h2> <ul> <li>Australian Government Financing: Energy Fuels Inc. received conditional commitments totaling up to AU$180 million (US$126 million) from two Australian government financing institutions toward a proposed AU$200 million debt facility for the Donald Rare Earth and Mineral Sands Project.</li> <li>Final Investment Decision: The company is targeting a final investment decision for the Donald Project by the end of 2026, subject to completion of financing arrangements and other required conditions.</li> <li>Rare Earth Production: Donald's Phase 1 is expected to produce approximately 9,000 tonnes per annum (tpa) of rare earth element concentrate and 225,000 tpa of heavy mineral concentrate over an anticipated 40-year mine life.</li> <li>U.S. Rare Earth Processing: Energy Fuels plans to process Donald's rare earth concentrate at its White Mesa Mill in Utah, where it is expanding capabilities to produce neodymium-praseodymium, terbium, and dysprosium oxides.</li> <li>Mine-to-Magnet Manufacturing: Donald's anticipated rare earth production is expected to supply approximately 75% of the Korean Metals Plant's expanded NdFeB alloy capacity and approximately 77% of Vacuumschmelze's existing magnet manufacturing capacity following the planned acquisition.</li> <li>Additional Government Support: The Australian financing commitments follow a separate conditional US$725 million loan commitment from the U.S. Office of Strategic Capital in June 2026 for domestic rare earth processing, separation, metal, and alloy capacity expansion.</li> <li>Expansion Pipeline: Energy Fuels' September 2026 corporate presentation outlines additional development plans through 2032, including the Vara Mada and Bahia mineral projects, expanded White Mesa processing capacity, and increased rare earth metal, alloy, and permanent magnet manufacturing.</li> </ul> <h2>Australian Government Backs Proposed AU$200 Million Financing for Donald Rare Earth Project</h2> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) announced <a href="https://investors.energyfuels.com/2026-10-26-Donald-Rare-Earth-and-Mineral-Sands-Project-Achieves-Major-Government-Financing-Milestone" target="_blank" rel="noopener">on October 26, 2026, that two Australian government financing institutions had conditionally approved commitments totaling up to AU$180 million (US$126 million) to support the construction of Phase 1 of the Donald Rare Earth and Mineral Sands Project in Victoria, Australia</a>. The commitments from Export Finance Australia (EFA) and the National Reconstruction Fund Corporation (NRFC) form part of a proposed AU$200 million senior project finance debt facility. The proposed financing includes up to AU$70 million from EFA and AU$110 million from NRFC, with the remaining AU$20 million expected from commercial lenders. The EFA and NRFC facilities are expected to have a 10-year tenor from financial close, with interest priced at BBSY plus an applicable margin. Proceeds would fund Phase 1 development, construction, and commissioning expenses, financing costs, and operating costs during the project's ramp-up through completion. The commitments remain subject to definitive financing and project documentation, satisfactory due diligence, commercial lender participation, and final approvals. Financial close also requires satisfaction of customary conditions precedent, while discussions concerning the remaining commercial term loan and bank guarantee facilities are continuing. The announcement follows a separate conditional US$725 million loan commitment received from the U.S. Office of Strategic Capital in June 2026. That financing is intended to support Energy Fuels' expansion of rare earth processing, separation, metal production, and alloy manufacturing capacity in the United States. The company is targeting a final investment decision (FID) for the Donald Project by the end of 2026. "This financing milestone brings the Donald Project closer to an FID and strengthens the upstream foundation of our leading rare earth mine-to-magnet platform," said Ross Bhappu, President and Chief Executive Officer of Energy Fuels, in the company's news release. "Donald is expected to provide a large-scale, long-term source of monazite and xenotime sand feedstock, further distinguishing Energy Fuels as we develop a vertically integrated, Western-aligned supply chain for rare earth permanent magnets." Located approximately 300 kilometers northwest of Melbourne, the Donald Project is a fully permitted rare earth and heavy mineral sands development being advanced through a joint venture between Energy Fuels and Australian company Astron Limited. The project has an anticipated mine life of 40 years and is designed to produce two primary mineral concentrate streams. The first is a rare earth element concentrate (REEC) containing monazite and xenotime, including neodymium-praseodymium (NdPr), terbium (Tb), and dysprosium (Dy). The second is a heavy mineral concentrate (HMC) containing zircon and titanium dioxide minerals. Phase 1 is expected to produce an average of approximately 9,000 tonnes per annum (tpa) of REEC and 225,000 tpa of HMC. Under the joint venture arrangements, Energy Fuels is expected to purchase all REEC production for processing into separated rare earth oxides and subsequent manufacturing of rare earth metals, alloys, and permanent magnets. Astron is expected to purchase all HMC production for sale to global customers. Energy Fuels is earning a 49% interest in the Donald Project joint venture by funding the first AU$183 million (US$127 million) of upfront equity required for development. The company has invested approximately AU$60 million (US$41 million), representing a current ownership interest of 15.3%. To reach its full 49% ownership interest, Energy Fuels is required to invest approximately another AU$86 million (US$60 million) and issue common shares valued at US$14 million. The company's downstream operations include the Korean Metals Plant in Ochang, South Korea, acquired through its August 2026 purchase of Australian Strategic Materials Limited. The facility currently has the capacity to produce 1,300 tpa of neodymium-iron-boron (NdFeB) alloy, with an expansion to approximately 3,600 tpa underway. According to Energy Fuels, NdPr oxide derived from Donald's rare earth concentrate is expected to supply approximately 75% of the Korean plant's expanded NdFeB alloy capacity, while anticipated terbium and dysprosium output from Donald and White Mesa is expected to meet or exceed the facility's requirements. <h2>Rising Demand and Government Investment in Rare Earth Supply Chains</h2> Demand for heavy rare earth elements outside China increased in early October, supported by U.S. defense procurement requirements and efforts to diversify critical mineral supply chains. According to an October 6 report from <a href="https://www.fastmarkets.com/insights/us-demand-drives-sharp-increases-in-cip-global-terbium-dysprosium-prices" target="_blank" rel="noopener">Fastmarkets</a>, prices for dysprosium and terbium rose sharply during the week ended October 1, as buyers sought supplies ahead of U.S. Department of Defense sourcing restrictions scheduled to take effect in January 2027. The restrictions covered neodymium-iron-boron (NdFeB) and samarium-cobalt magnets containing materials mined, refined, separated, melted, or produced in China. Fastmarkets reported that its global terbium oxide price assessment increased 41% to US$5,000 to US$8,000 per kilogram on October 1, compared with US$4,200 to US$5,000 per kilogram on September 24. Dysprosium oxide prices also increased, reaching US$2,500 to US$3,500 per kilogram, compared with US$1,910 to US$2,500 per kilogram a week earlier. Market participants attributed the increases partly to stronger U.S. purchasing activity, with American consumers reportedly willing to pay higher prices than European buyers. Dysprosium and terbium were important components of high-performance permanent magnets used in electric vehicles, wind turbines, and defense equipment, where they improved magnetic performance and heat resistance. The publication also examined technological developments that reduced the quantities of heavy rare earth elements required in magnet manufacturing. Innovations involving grain boundary diffusion, changes in grain size, and alternative alloying elements have allowed manufacturers to improve magnet performance while lowering dysprosium and terbium consumption per unit. <blockquote class="callOut left">Red Cloud Securities maintained its Buy rating and CA$44.00 price target on Energy Fuels Inc. following the company's announcement.</blockquote> Nevertheless, industry participants continued to identify both elements as important inputs for high-performance applications. "[Dysprosium] and [terbium] will be in demand, no question," one market participant told Fastmarkets, while acknowledging that consumption per magnet had declined. The report also identified limited separation capacity and access to neodymium-praseodymium feedstock outside China as continuing challenges for the industry. Efforts to develop alternative rare earth supply chains remained closely connected to U.S. defense procurement policy. In an October 16 report, <a href="https://www.spglobal.com/energy/en/news-research/latest-news/metals/101626-pentagon-magnet-ban-likely-to-require-waivers-as-2027-deadline-nears" target="_blank" rel="noopener">S&P Global</a> examined the industry's preparations for stricter Pentagon sourcing requirements scheduled for January 1, 2027. Citing International Energy Agency figures, the publication reported that China accounted for approximately 91% of global rare earth refining production and 94% of sintered rare earth magnet production in 2024. Industry experts identified the development of additional processing, metalmaking, and magnet manufacturing capacity as an important component of efforts to reduce reliance on Chinese-origin materials. The publication also cited estimated global rare earth magnet demand of approximately 250,000 metric tonnes annually, compared with production outside China of approximately 20,000 to 25,000 metric tonnes. Government financing remained another component of international efforts to expand critical minerals production and processing. According to an October 27 report from the <a href="https://international.austrade.gov.au/en/news-and-analysis/news/financing-pathways-for-investors-in-australias-critical-minerals-supply-chain" target="_blank" rel="noopener">Australian Trade and Investment Commission (Austrade)</a>, Australia's critical minerals development strategy incorporated government financing, investment incentives, grants, and strategic support for projects across the supply chain. Austrade stated that the Australian Critical Minerals Prospectus featured 94 investment-ready projects, comprising 58 upstream and 36 midstream developments. These projects covered opportunities in mineral extraction, processing, manufacturing, and technology development. Austrade described the Australian government's approach as supporting critical minerals projects with "finance, tax incentives and strategic support." The agency identified rare earth elements, antimony, and gallium as priority minerals under the Critical Minerals Strategic Reserve, which drew on AU$1 billion from the expanded AU$5 billion Critical Minerals Facility. The government has also allocated an additional AU$150 million for selective mineral stockpiling where required. The stockpiling allocation applied to the broader strategic reserve framework rather than exclusively to rare earth elements. <h2>Third Parties Weigh Long-Term Potential Against Recent Share Price Weakness</h2> Red Cloud Securities maintained its Buy rating and CA$44.00 price target on Energy Fuels Inc. following the company's announcement of conditional Australian government financing commitments for the Donald Rare Earth and Mineral Sands Project. In an October 27 research note, analyst David A. Talbot described the commitments as a significant advancement toward financing the project's first phase, although he identified remaining funding requirements and delays to the final investment decision as potential concerns. Talbot highlighted the conditional approval of up to AU$180 million (US$126 million) from Export Finance Australia and the National Reconstruction Fund Corporation, which would provide the majority of a proposed AU$200 million senior debt facility. He characterized the development as "a material step up" from Export Finance Australia's earlier AU$80 million nonbinding letter of support issued in October 2025. Combined with the US$725 million conditional loan commitment from the U.S. Office of Strategic Capital announced in June, Talbot said the financing arrangements left "government lenders financing both ends of the mine-to-magnet chain." The analyst viewed the participation of two Australian government financing institutions as an important development for completing the remaining debt arrangements. "With two government lenders now credit approved as anchors, the A$20M commercial tranche and bank guarantees should be easier to close," Talbot wrote. However, he identified two outstanding concerns. The proposed debt package was approximately one-third smaller than the amount contemplated in the project's bankable feasibility study, potentially requiring additional joint venture equity contributions. He also noted that the targeted final investment decision had been delayed for a fourth time, although the revised schedule remained aligned with the anticipated commissioning of White Mesa's heavy rare earth processing circuit in 2028. <blockquote class="callOut right">Chris Temple, editor and publisher of The National Investor, maintained a Hold rating on Energy Fuels.</blockquote> Despite those considerations, Talbot emphasized the Donald Project's strategic importance to Energy Fuels' broader rare earth operations. Red Cloud assigned the project approximately 2% of its net asset value (NAV) estimate, a measure of the company's estimated assets less liabilities. Consequently, Talbot characterized Donald's near-term contribution as "strategic rather than numerical," particularly because of its anticipated role as a source of rare earth feedstock for the White Mesa Mill in Utah. With Energy Fuels shares trading at approximately 0.40 times Red Cloud's estimated NAV, Talbot identified completion of the Donald Project's final investment decision and financial close as potential developments that could reduce uncertainty surrounding the company's expansion plans. He also highlighted the pending Vacuumschmelze acquisition as another important milestone, writing that "a clean FID and financial close by year-end would remove one of the remaining execution overhangs alongside the VAC close." Investment newsletter writers expressed differing views on Energy Fuels Inc., weighing the company's uranium and rare earth operations, recent acquisitions, and long-term growth initiatives against a substantial decline in its share price. While some commentators identified opportunities following the selloff, others recommended caution amid broader market uncertainty and questions surrounding the timing of future demand. Chris Temple, editor and publisher of The National Investor, maintained a Hold rating on Energy Fuels after initially recommending the stock at approximately US$1.50 per share. Temple attributed his current position to "my macro worries," noting that uranium and rare earth stocks had participated in "the bloodletting of recent months." He suggested that part of the weakness reflected uncertainty surrounding "how fast they will realistically be profiting from real/imagined new data centers." Despite those concerns, Temple remained constructive about longer-term supply fundamentals, stating that "Chronic supply shortages will get worse going forward," partly because the commitments required to develop additional production capacity "STILL ARE NOT THERE IN SUFFICIENT MEASURE." His portfolio guidance reflected that distinction between long-term expectations and near-term risk. For subscribers holding approximately 1% of their portfolios in Energy Fuels, Temple recommended that they "do nothing," while advising investors with larger positions to consider reducing their exposure. "If you have 3-4% or more, especially, though, lighten up," he wrote. <blockquote class="callOut left"> "I like the 'combo' aspect and the fact that UUUU is taking growth initiatives," Gary Tanashian, publisher of Notes from the Rabbit Hole wrote.</blockquote> Other newsletter writers viewed the company's recent share price decline more favorably. In an October 12 commentary published by <a href="https://excelsiorprosperity.substack.com/p/critical-minerals-carnage-creates" target="_blank" rel="noopener">Excelsior Prosperity</a>, Shad Marquitz described Energy Fuels as "a very unique hybrid company," citing its involvement in uranium and rare earth mining, production, and processing. "There really isn't another company positioned quite like Energy Fuels; in the rare earths, critical minerals, and uranium production and processing space," wrote Marquitz, who included the stock among his key portfolio positions. He contrasted the company's declining share price, which had fallen since May to a weekly closing price of US$9.96, with what he characterized as improving underlying fundamentals. Marquitz also argued that investors had overlooked the significance of the company's VAC and ASM acquisitions, writing that the market "has been totally asleep" to those developments. He characterized the decline as "a true market disconnect; one that can be exploited by savvy investors that are paying attention." Chen Lin, publisher of What Is Chen Buying? What Is Chen Selling?, also reported purchasing additional Energy Fuels shares following the decline. "UUUU dropped below 10! I used the opportunity to add more here," Lin wrote on October 12. He suggested that investors seeking to manage their exposure could consider options strategies, adding, "If you want to play safe, you can sell some upside calls as we did before." Lin also pointed to the company's longer-term financial ambitions, stating that Energy Fuels was "aiming at 1 billion in cash flow by 2030." That figure represented the target cited by Lin rather than an established financial result. Gary Tanashian, publisher of Notes from the Rabbit Hole, adopted a more cautious approach in an <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed" target="_blank" rel="noopener">October 15 commentary.</a> Tanashian described Energy Fuels as a "Uranium/REE combo," highlighting its uranium and vanadium production alongside rare earth processing activities in Colorado, Utah, Wyoming, and Arizona. "I like the 'combo' aspect and the fact that UUUU is taking growth initiatives," he wrote. However, he remained on the sidelines after observing that the stock traded at US$9.27, below its 2026 high of US$27.90. Despite his favorable assessment of the company's diversified operations and expansion efforts, Tanashian concluded, "But at this time I am just watching and waiting." <h2>Rare Earth Production, Processing Expansion and Magnet Manufacturing</h2> Energy Fuels outlined its rare earth development and manufacturing strategy in its <a href="https://filecache.investorroom.com/mr5ircnw_energyfuels/1505/Corporate-Presentation-sep-2026.pdf" target="_blank" rel="noopener">September 2026 corporate presentation</a>, spanning mineral production, processing, separation, alloying, and permanent magnet manufacturing through 2032. The company's plans include projects in Australia, Madagascar, and Brazil, with downstream operations in the United States, South Korea, and Europe. At the Donald Project in Australia, Energy Fuels is targeting a final investment decision by year-end 2026, with Phase 1 production expected to supply rare earth concentrate to its White Mesa Mill in Utah. The initial phase is projected to produce approximately 8,000 tonnes per annum (tpa) of monazite concentrate, followed by an expansion to 14,000 tpa. Additional feedstock is expected from Vara Mada in Madagascar, targeting 17,000 tpa initially and 26,000 tpa after expansion, and Bahia in Brazil, targeting 3,000 tpa. These developments remain subject to applicable approvals and project milestones. White Mesa currently has capacity to process up to 10,000 tpa of rare earth concentrate and produce approximately 1,000 tpa of separated neodymium-praseodymium (NdPr) oxide. Donald's initial production is expected to support NdPr, terbium, and dysprosium oxide production. Energy Fuels is installing heavy rare earth processing circuits targeting annual capacities of 21 tonnes of terbium oxide and 122 tonnes of dysprosium oxide, with commissioning expected in early 2028. A subsequent Phase 2 expansion targets 60,000 tpa of monazite concentrate processing capacity, producing approximately 6,294 tonnes of NdPr oxide, 288 tonnes of dysprosium oxide, and 80 tonnes of terbium oxide annually. The company also plans to expand separation capabilities to include samarium, europium, and gadolinium. Energy Fuels' downstream manufacturing strategy includes expanding its Korean Metals Plant, which currently has approximately 1,300 tpa of NdFeB alloy capacity, to 3,600 tpa in Phase II and 5,600 tpa in Phase III. The company is also developing heavy rare earth metallization capabilities and planning an American Metals Plant with an initial alloy capacity of 2,000 tpa, expandable to 4,000 tpa. Its location has not yet been selected. The company's pending acquisition of Vacuumschmelze (VAC), expected to close in the first quarter of 2027, would add permanent magnet manufacturing operations in the United States and Europe. VAC currently has approximately 3,500 tpa of NdFeB magnet block capacity, including 2,000 tpa at its Sumter, South Carolina, facility. Energy Fuels plans to expand Sumter to 4,000 tpa, followed by potential phases targeting 8,000 tpa and 12,000 tpa, depending on customer demand and market conditions. Longer-term manufacturing projections include approximately 15,700 tpa of magnet block capacity across existing facilities and planned expansions. The company estimates Donald's Phase 1 output could support approximately 77% of VAC's existing magnet manufacturing capacity following processing and conversion into metals and alloys. Energy Fuels also added the Dubbo Project in New South Wales, Australia, through its acquisition of Australian Strategic Materials. Described as construction-ready, Dubbo has received all major permits and has a projected 42-year mine life. Anticipated annual production includes approximately 1,000 tonnes of NdPr, 11 tonnes of terbium, and 49 tonnes of dysprosium. A prefeasibility study was underway at the time of the presentation. The company estimated near-term capital expenditures of US$400 million to US$450 million for Donald Phase 1, White Mesa Phase 1, and the American Metals Plant. Approximately US$300 million in government funding sources had been identified, leaving an additional US$100 million to US$150 million to be funded. Its medium-term development program, covering White Mesa Phase 2, Vara Mada Phase 1, Bahia, and Donald Phase 2, carried an illustrative capital expenditure estimate of US$1.7 billion to US$1.8 billion, including US$1.3 billion to US$1.4 billion in identified government funding sources. Alongside its rare earth strategy, Energy Fuels continues uranium production at Pinyon Plain in Arizona and the La Sal Complex in Utah. Its September presentation outlined a 2026 production target of approximately 1.5 million to 2.5 million pounds, following more than 1.5 million pounds produced in the first half of the year. Longer-term plans include annual production exceeding 2 million pounds, with expanded capacity of approximately 5 million pounds. <div> <div>[GR_OWNERSHIP_636] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 76.00% of Energy Fuels, with retail investors accounting for the balance. The largest disclosed holders include Van Eck Associates Corporation (7.80%), Vanguard Capital Management, LLC (7.00%), and Mirae Asset Global Investments (6.86%). The company has roughly 249.97 million shares outstanding and a market capitalization of about CA$2.57 billion. Insiders were buyers over the last six months, purchasing about 78000 shares, with no verified open-market sales in that window. No current warrants were found or restructures. </div> </div> </div> <h2>Frequently Asked Questions About Energy Fuels Stock, Rare Earth Financing and Growth Plans</h2> What is the latest news about Energy Fuels? Energy Fuels Inc. announced on October 26, 2026, that two Australian government financing institutions had conditionally approved commitments totaling up to AU$180 million (US$126 million) for the Donald Rare Earth and Mineral Sands Project in Victoria, Australia. The commitments form part of a proposed AU$200 million senior debt facility intended to support construction and commissioning of the project's first phase. How much government funding has Energy Fuels secured for its rare earth projects? Energy Fuels announced conditional financing commitments of up to AU$70 million from Export Finance Australia and AU$110 million from Australia's National Reconstruction Fund Corporation. The company also received a separate conditional US$725 million loan commitment from the U.S. Office of Strategic Capital in June 2026 to support rare earth processing, separation, metal production, and alloy manufacturing expansion. These commitments remain subject to applicable conditions and should not be treated as completed funding. How much rare earth concentrate will the Donald Project produce annually? Phase 1 of the Donald Project is expected to produce approximately 9,000 tonnes per annum of rare earth element concentrate and 225,000 tonnes per annum of heavy mineral concentrate. The rare earth concentrate is expected to contain neodymium, praseodymium, dysprosium, and terbium, while the heavy mineral concentrate will contain zircon and titanium dioxide minerals. What is Energy Fuels' mine-to-magnet strategy? Energy Fuels is developing an integrated rare earth supply chain connecting mineral production, rare earth separation, metal manufacturing, alloy production, and permanent magnet manufacturing. Its strategy incorporates the Donald Project in Australia, White Mesa Mill in Utah, Korean Metals Plant in South Korea, and the planned acquisition of Vacuumschmelze. Additional mineral projects and manufacturing expansions are included in the company's longer-term development plans. What other rare earth mining projects are in Energy Fuels' development pipeline? Beyond Donald, Energy Fuels is advancing the Vara Mada Project in Madagascar and the Bahia Project in Brazil. Its September 2026 corporate presentation outlined initial production projections of approximately 17,000 tonnes of monazite concentrate annually at Vara Mada, with a subsequent expansion targeting 26,000 tonnes. Bahia is targeting approximately 3,000 tonnes annually. The company also outlined a potential expansion of Donald's monazite concentrate production to approximately 14,000 tonnes annually. What are the biggest upcoming catalysts for Energy Fuels stock? Energy Fuels' identified milestones include a targeted final investment decision for the Donald Project by the end of 2026, the anticipated completion of its Vacuumschmelze acquisition in early 2027, commissioning of additional heavy rare earth processing circuits at White Mesa in early 2028, and expansion of rare earth alloy manufacturing capacity in South Korea. Longer-term plans include additional rare earth mineral production, expanded White Mesa processing capacity, and increased permanent magnet manufacturing in the United States. <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> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Energy Fuels were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-04 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-11-04 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32923"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32923" width="0" height="0"> ( Companies Mentioned: ATR:ASX, EFR:TSX; UUUU:NYSEAMERICAN, ) Mon, 02 Nov 2026 00:00:00 PST Silver Producer Targets Lower Costs With Major Mine Changes Just Weeks Away https://www.streetwisereports.com/article/2026/11/02/silver-producer-targets-lower-costs-with-major-mine-changes-just-weeks-away.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/silver-producer-targets-lower-costs-with-major-mine-changes-just-weeks-away.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) is advancing higher-grade silver production, November mill commissioning, and a processing expansion after increasing throughput by more than 40%.<h2>Key Investor Takeaways</h2> <ul> <li>Three Near-Term Operational Milestones: Sierra Madre Gold and Silver Ltd. is advancing higher-grade production at San Raphael, commissioning a new ball mill in November, and increasing processing throughput at its La Guitarra mine in Mexico.</li> <li>Processing Throughput Climbs More Than 40%: In September, La Guitarra reached up to a steady 720 tonnes per day, compared with its previous capacity of 500 tonnes per day, as the company advances its expansion program.</li> <li>Higher-Grade Silver Production Targeted: Sierra Madre planned initial production from the higher-grade San Raphael I and II blocks by the end of October 2026, following underground development and dewatering activities.</li> <li>November Mill Commissioning Advances Phase 2: A new 900-tonne-per-day ball mill is scheduled for commissioning in November, supporting the company's Phase 2 processing target of 1,200 to 1,500 tonnes per day.</li> <li>Production Costs Remain in Focus: Sierra Madre reported Q2 2026 all-in sustaining cash costs of US$54.73 per silver-equivalent ounce produced, alongside an average realized silver price of US$75.65 per ounce.</li> <li>Cash Position and Analyst Outlook: Sierra Madre ended June with US$22.2 million in cash and US$25 million in working capital. VSA Capital analyst Oliver O'Donnell reiterated a Buy recommendation and a CA$2.70 price target in September 2026.</li> </ul> <h2>Silver Producer Approaches Operational Milestones as Mine Expansion Advances</h2> <a href="https://www.streetwisereports.com/pub/co/10135?utm_medium=feed" target="_blank" rel="noopener">Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX)</a> is approaching operational developments at its La Guitarra silver and gold mine in Mexico, with higher-grade production from the San Raphael blocks targeted for the end of October, a new ball mill scheduled for commissioning in November, and processing throughput already more than 40% above the operation's previous capacity. The changes form part of the company's expansion program, which includes increasing the volume of material processed and accessing higher-grade mineralization as it works toward its Phase 2 production targets. Silver has retreated from its 2026 highs, placing renewed attention on production costs. According to Sierra Madre's <a href="https://www.newsfilecorp.com/release/311774/Sierra-Madre-Reports-Solid-Q2-2026-Financial-Results-Advances-Growth-Plans">second-quarter financial results</a>, the company realized an average silver price of US$75.65 per ounce during Q2 2026, while its all-in sustaining cash cost was US$54.73 per silver-equivalent ounce produced, compared with US$32.54 in the same period of 2025. Cash costs were US$49.28 per silver-equivalent ounce produced, up from US$26.89 a year earlier. The figures provide a baseline for evaluating operating costs as La Guitarra's expansion progresses. <h2>Processing Throughput Climbs More Than 40% to 720 Tonnes Per Day</h2> Sierra Madre reported that <a href="https://sierramadregoldandsilver.com/read/auto-news-1790629275?utm_source=chatgpt.com" target="_blank" rel="noopener">processing throughput at La Guitarra reached up to a steady 720 tonnes per day</a>, representing an increase of more than 40% from the operation's previous nameplate capacity of 500 tonnes per day. The increase followed modifications to the existing crushing and milling circuits under the company's Phase 1 expansion program. Processing larger volumes can spread fixed operating costs across more tonnes of material, although the effect on Sierra Madre's cost per ounce will also depend on production volumes and other operating factors. Additional processing improvements identified in the company's <a href="https://sierramadregoldandsilver.com/presentations/26-10_SM%20Corp%20Presentationv1.pdf" target="_blank" rel="noopener">October corporate presentation</a> included a second crushing circuit and increased conveyor capacity. <h2>Higher-Grade San Raphael Mineralization Targeted for Late October</h2> Sierra Madre's second operational development involves accessing higher-grade mineralization at the San Raphael I and II blocks within the La Guitarra mine complex. The company accelerated development and dewatering activities in these areas, including purchasing additional pumps. Its mine plan called for initial production from higher-grade blocks by the end of October 2026. Higher-grade material contains more recoverable metal per tonne, assuming comparable recovery rates. The effect on Sierra Madre's reported unit costs will depend on the grades, recoveries, and production volumes achieved. Underground development has also accelerated across the Guitarra, Nazareno, and Coloso mining areas. Approximately 2.6 kilometers of development drives have been completed since June 2026, supporting the company's efforts to provide additional feed to the expanded processing plant. Development work has included the Los Angeles deposit and additional access to mining areas. The importance of higher-grade material was also addressed by VSA Capital analyst Oliver O'Donnell, CFA, in his September 29 report. "Whilst the production capacity increases represent a significant milestone, the development work to access higher-grade mineralization is also a vital factor in our forecasted production increases," the report stated. <h2>New Ball Mill Approaches November Commissioning as Phase 2 Advances</h2> The third development involves the installation and commissioning of a new 11-by-12 ball mill at La Guitarra. Sierra Madre reported that the mill had been installed, with commissioning expected in November 2026. The equipment is intended to operate alongside the existing mills as part of the company's processing expansion. "We continue to advance our Phase 1 and Phase 2 expansions at Guitarra," Chief Operating Officer and Executive Chairman Greg Liller said. The new mill has a stated capacity of 900 tonnes per day. Combined with the existing milling equipment, it is expected to support Sierra Madre's Phase 2 processing target of 1,200 to 1,500 tonnes per day. <blockquote class="callOut left">VSA Capital analyst Oliver O'Donnell reiterated his Buy recommendation and CA$2.70 per share price target.</blockquote> The company indicated that the associated milling capacity could be achieved more than eight months ahead of schedule. The broader Phase 2 expansion remains targeted for the third quarter of 2027. Increasing milling capacity would allow the operation to process additional material, provided sufficient mine feed is available. The relationship between higher processing volumes and reported unit costs will become clearer as the company releases subsequent operating results. Sierra Madre has also undertaken groundwork for a permitted dry-stack tailings facility with more than 5 million tonnes of potential capacity. Its October corporate presentation outlined a permitted facility with 5.8 million tonnes of capacity. The tailings development forms another component of the broader Phase 2 expansion program. <h2>Financial Position Includes US$22.2 Million in Cash and Loan Repayment</h2> Sierra Madre entered the second half of 2026 following several financial developments. The company completed a CA$57.5 million financing in January 2026 and repaid a US$5 million loan from First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) in July. According to its <a href="https://www.newsfilecorp.com/release/311774/Sierra-Madre-Reports-Solid-Q2-2026-Financial-Results-Advances-Growth-Plans" target="_blank" rel="noopener">second-quarter financial results</a>, Sierra Madre ended June with US$22.2 million in cash and US$25 million in working capital. The financial results also reported US$8.23 million in net revenue and US$1.58 million in gross profit from La Guitarra during the second quarter. The financing, cash position, and repayment of the First Majestic loan accompanied the company's ongoing investment in underground development, milling equipment, and processing infrastructure. <h2>Silver Prices Slide to Lowest Level Since November 2025</h2> Silver prices declined to approximately US$52.32 per ounce on October 29, 2026, falling 3.01% on the day and 13.24% over the past month, according to <a href="https://tradingeconomics.com/commodity/silver">Trading Economics</a>. The metal reached its lowest level since November 2025, although prices remained 7.04% higher year over year. The decline followed fresh U.S. economic data showing that the Personal Consumption Expenditures (PCE) price index increased 0.5% in September, its largest monthly gain since March, while annual inflation accelerated to 3.6%. Core PCE inflation reached 3.1% year over year. Meanwhile, U.S. GDP expanded at an annualized rate of 3.4% in the third quarter, exceeding expectations of 3.2%. The Federal Reserve held interest rates steady on October 28, while markets priced in approximately an 80% probability of a December rate increase, according to the CME FedWatch Tool. Expectations of higher interest rates added pressure to non-yielding precious metals, including silver. Silver serves both industrial and investment markets, with applications in electronics, solar panels, and medical technologies. Mexico ranks among the world's largest silver producers, alongside Peru and China. <h2>Third Parties Assess Production Growth and Expansion Schedule</h2> In a September 14 report, Thibaut Lepouttre of Caesars Report estimated that production could eventually reach approximately 800,000 ounces of silver and 12,000 ounces of gold, equivalent to roughly 1.5 million silver-equivalent ounces using a 60:1 ratio. Lepouttre also discussed the relationship between the new mill and the company's longer-term expansion plans. "It does feel like the Phase I expansion is being completed with Phase II in mind," he wrote. In a September 29 VSA Morning Miner report, VSA Capital analyst Oliver O'Donnell, CFA, reiterated his Buy recommendation and CA$2.70 per share price target for Sierra Madre. O'Donnell cited continued progress at La Guitarra, including increased processing throughput, accelerated underground development, access to higher-grade material, and progress on the permitted tailings expansion. VSA forecast production of 440,000 ounces of silver and 4,400 ounces of gold in 2026, increasing to more than 1.3 million ounces of silver and approximately 12,000 ounces of gold following completion of Phase 2. "The share price has eased back to the lower end of the recent trading range, however, and we believe that as development progress translates to stronger earnings performance, this will provide a catalyst for rerating," the report stated. Later commentary from Dominic Frisby of The Flying Frisby also addressed Sierra Madre's expansion activities. In an <a href="https://www.theflyingfrisby.com/p/silvers-breakout-and-sierra-madres" target="_blank" rel="noopener">October 16, 2025, commentary titled "Silver's Breakout and Sierra Madre's Perfect Timing,"</a> Frisby identified Sierra Madre as his "favorite silver play" and "largest silver position." Following a meeting with CEO Alex Langer, Frisby wrote, "The company is on a really good trajectory: expanding at just the right time." Frisby also cautioned about silver's volatility, noting that the metal remained vulnerable to sharp corrections. <div> <div> <div> <div>[GR_OWNERSHIP_10135] <div> <h2>Ownership and Share Structure1</h2> Strategic entities hold about 23.90% of Sierra Madre, institutions hold about 22.10%, and Management and insiders own approximately 5.36%, with retail investors accounting for the balance. The largest disclosed holder is First Majestic Silver Corp. at about 23.90%. The company has roughly 261.25 million shares outstanding and a market capitalization of about CA$337 million. Insiders were net buyers over the last six months, purchasing about 498,500 shares and selling about 121,000 shares. One series of warrants remains outstanding. Public records show one historical share restructure. </div> </div> </div> </div> </div> <h2>Frequently Asked Questions About Sierra Madre Gold and Silver's Stock and Mine Expansion</h2> What are the three major changes happening at Sierra Madre Gold and Silver's La Guitarra mine? Sierra Madre Gold and Silver Ltd. is advancing operational developments at its La Guitarra silver and gold mine in Mexico. These include planned higher-grade ore production from the San Raphael I and II blocks, commissioning of a new ball mill in November 2026, and increased processing throughput. The mine has already reached up to a steady 720 tonnes per day, more than 40% above its previous 500-tonne-per-day capacity. Could Sierra Madre Gold and Silver reduce its silver production costs in 2026? Sierra Madre's expansion program includes increasing processing throughput and accessing higher-grade mineralization, two operational changes relevant to unit production costs. Processing additional tonnes can spread fixed operating costs across greater volumes, while higher-grade ore can increase the amount of metal recovered per tonne. However, Sierra Madre has not provided a quantified cost-reduction forecast for these developments in the supplied material. What was Sierra Madre Gold and Silver's all-in sustaining cost in Q2 2026? Sierra Madre reported an all-in sustaining cash cost of US$54.73 per silver-equivalent ounce produced during the second quarter of 2026, compared with US$32.54 in the same period of 2025. Cash costs were US$49.28 per silver-equivalent ounce produced, compared with US$26.89 a year earlier. The company reported an average realized silver price of US$75.65 per ounce during Q2 2026. How much has silver production capacity increased at Sierra Madre's La Guitarra mine? Processing throughput at La Guitarra has increased from its previous capacity of 500 tonnes per day to up to a steady 720 tonnes per day, representing growth of more than 40%. The increase followed modifications to the crushing and milling circuits. When will Sierra Madre begin mining higher-grade silver ore at San Raphael? Sierra Madre targeted the end of October 2026 for initial production from higher-grade mineralized blocks at San Raphael I and II. The company has undertaken dewatering and underground development activities to prepare these areas for production. Access to higher-grade mineralization is part of its broader La Guitarra mine development program. When will Sierra Madre's new ball mill begin operating at La Guitarra? Sierra Madre scheduled the commissioning of its new 11-by-12 ball mill for November 2026. The mill has a stated capacity of 900 tonnes per day and is intended to operate alongside existing milling equipment. Its installation forms part of the company's Phase 1 and Phase 2 processing expansion activities. What is Sierra Madre Gold and Silver's Phase 2 production capacity target? Sierra Madre's Phase 2 expansion targets processing throughput of 1,200 to 1,500 tonnes per day at La Guitarra. The broader expansion is scheduled for the third quarter of 2027. The company indicated that the associated milling capacity could be achieved more than eight months ahead of schedule. How much cash does Sierra Madre Gold and Silver have? According to its second-quarter financial results, Sierra Madre ended June 2026 with US$22.2 million in cash and US$25 million in working capital. The company also completed a CA$57.5 million financing in January 2026 and repaid a US$5 million loan from First Majestic Silver Corp. in July. What upcoming milestones should investors watch in 2026 and 2027? Upcoming operational developments include Sierra Madre's next reported production and cost figures, the planned November 2026 ball mill commissioning, and progress toward the Phase 2 processing target of 1,200 to 1,500 tonnes per day. Other milestones include higher-grade production from San Raphael I and II, additional underground development, and the broader Phase 2 expansion targeted for the third quarter of 2027. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sierra Madre Gold and Silver Ltd.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Sierra Madre were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-05-03 through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32921"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32921" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Mon, 02 Nov 2026 00:00:00 PST US Army Awards Up to US$40 Million to Evaluate Domestic Tungsten Supply as China Dominates Global Production https://www.streetwisereports.com/article/2026/10/30/us-army-awards-up-to-us-40-million-to-evaluate-domestic-tungsten-supply-as-china-dominates-global-production.html Source: <a href="https://www.streetwisereports.com/article/2026/10/30/us-army-awards-up-to-us-40-million-to-evaluate-domestic-tungsten-supply-as-china-dominates-global-production.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) received an award of up to US$40 million from the U.S. Army to evaluate the technical and economic feasibility of producing tungsten concentrate at its Stibnite Mining District in Idaho.<h2>Key Investor Takeaways</h2> <ul> <li aria-level="1">US$40 Million U.S. Army Award: Perpetua Resources Corp. received an award of up to US$40 million to advance domestic tungsten exploration at its Stibnite Gold Project in Idaho.</li> <li aria-level="1">High-Grade Tungsten Discoveries: Recent drilling at Hangar Flats returned 9.8 meters grading 4.6% tungsten and 8.3% antimony, while exploration at Yellow Pine intersected 21.3 meters grading 0.9% tungsten and 3.2 g/t gold.</li> <li aria-level="1">Growing Government Support: The latest award increased Perpetua's total U.S. government critical minerals awards since 2022 to approximately US$126 million.</li> <li aria-level="1">Major Gold Production Plans: The December 2025 technical report estimates recovered gold production of 4.223 million ounces over an approximately 15-year operating period, averaging 463,000 ounces annually during the first four years.</li> <li aria-level="1">Financing and Construction Milestones: Perpetua identified a final investment decision as a 2026 milestone and targeted initial production in 2029, alongside a US$2.9 billion U.S. Export-Import Bank financing package subject to definitive documentation and applicable conditions.</li> </ul> <h2>Perpetua Resources Secures Up to US$40 Million in US Army Funding for Tungsten Exploration in Idaho</h2> <a href="https://www.streetwisereports.com/pub/co/10820?utm_medium=feed" target="_blank" rel="noopener">Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ)</a> announced <a href="https://perpetuaresources.com/perpetua-resources-awarded-up-to-40-million-in-u-s-army-funding-to-advance-domestic-tungsten-supply-for-american-defense/" target="_blank" rel="noopener">on October 26, 2026, that it had received an award of up to US$40 million from the U.S. Army to advance tungsten exploration at the historical Stibnite Mining District in Idaho.</a> The 36-month agreement, awarded through the Defense Ordnance Technology Consortium (DOTC) by the Portfolio Acquisition Executive Agile Sustainment & Ammunition (PAE AS&A) at Picatinny Arsenal, New Jersey, will support a program evaluating the technical and economic feasibility of producing tungsten concentrate domestically. The agreement establishes a cost-sharing arrangement between Perpetua and the U.S. government, with the company matching the Army's US$40 million contribution. Funding will support exploration drilling, metallurgical testing, and engineering and permitting activities associated with a proposed underground exploration decline at the Hangar Flats deposit. "Resilient mineral solutions start here in America," <a href="https://perpetuaresources.com/perpetua-resources-awarded-up-to-40-million-in-u-s-army-funding-to-advance-domestic-tungsten-supply-for-american-defense/" target="_blank" rel="noopener">said Jon Cherry, Perpetua Resources President and CEO, in a company news release</a>. "The U.S. Army's additional investment in a historically proven American tungsten source at Stibnite underscores the growing strategic value of Stibnite's mineral endowment and continues to strengthen the partnerships supporting Perpetua's future." The initial 18-month phase is expected to cost approximately US$18 million, divided equally between Perpetua and the U.S. Army. Subsequent phases will depend on exploration results, metallurgical testing, engineering, permitting activities, and approval of additional funding. The company stated that only the first phase of funding has been committed, with each subsequent phase requiring separate approval. The program follows exploration results identifying tungsten and antimony mineralization beneath the Hangar Flats pit. Previously reported drilling included 9.8 meters grading 4.6% tungsten and 8.3% antimony, 22.9 meters grading 1.2% tungsten and 3.2% antimony, and 3.4 meters grading 1.5% tungsten and 10.6% antimony. Perpetua also identified approximately 1.37 million ounces of gold resources and more than 95 million pounds of antimony resources beneath the currently permitted Hangar Flats pit. These resources are not included in the existing mine plan or the company's reported mineral reserves. Perpetua intends to continue its exploration activities beneath the pit alongside the tungsten program. The Stibnite Mining District has a history of tungsten and antimony production. According to the company, the district supplied approximately half of the tungsten and 90% of the antimony used by the United States during World War II. Mining of both minerals ended following the war. The company also noted that commercial tungsten mining has not occurred in the United States since 2015. Domestic demand is supplied entirely through imports, while Chinese export controls and federal sourcing restrictions have affected the supply environment for defense and manufacturing applications. The new agreement increases Perpetua's total U.S. government awards for critical minerals to US$126 million since 2022. The company has also submitted proposals seeking additional government grants for its critical minerals program. Separately, Perpetua amended outstanding warrants exercisable for an aggregate of 1,607,802 common shares at exercise prices of US$31.46 and US$38.93 per share. The warrants were previously scheduled to expire on October 28, December 1, and December 23, 2026. All three expiration dates have been extended to April 28, 2027. <h2>Tungsten Supply Challenges Highlight Demand for Domestic Production</h2> <a href="https://news.metal.com/newscontent/104148615-smm-tungsten-analysis-one-market-two-prices-how-to-break-the-structural-deadlock-in-the-tungsten-market">According to an October 9 analysis from Shanghai Metals Market (SMM),</a> international tungsten supply constraints had increasingly shifted from mining operations to processing capacity. The publication reported that overseas tungsten concentrate production had accelerated during 2026, but limited smelting infrastructure in Europe and the United States restricted the ability to convert additional ore into ammonium paratungstate (APT), a material used in the tungsten supply chain. SMM explained that the industry had encountered a "Bottleneck at the smelting stage," with only three or four smelters possessing the necessary processing capabilities. New facilities faced environmental, regulatory, and capital requirements, with construction periods estimated at three to five years. The report also identified substantial differences between tungsten concentrate pricing in China and Western markets. As of October 9, the estimated selling price spread between the two trading routes had exceeded US$1,500 per metric ton unit. SMM attributed the disparity partly to limited processing capacity and long-term contracts that had already committed much of the available Western smelting capacity. The publication characterized the international concentrates market as a "black box," explaining that miners had encountered difficulties securing buyers despite the existence of established trading routes. It also reported that spot transactions involving APT and tungsten oxide in Europe and the United States had been virtually nonexistent for approximately one quarter. <a href="https://www.fortunebusinessinsights.com/tungsten-market-115884">An October 12 report from Fortune Business Insights</a> examined tungsten demand across industrial markets. The research valued the global tungsten market at US$5.43 billion in 2025, including US$440 million in the United States. Asia Pacific accounted for 71.64% of global market revenue, reflecting the region's concentration of mining, refining, processing, and manufacturing activities. The report identified "increasing demand for high-performance wear-resistant tools" as a major industry trend. Tungsten carbide was widely used in drilling, cutting, machining, and other industrial applications because of its hardness, durability, and resistance to high temperatures. According to Fortune Business Insights, approximately 60% to 65% of tungsten consumed globally was used in cemented carbides, citing the International Tungsten Industry Association. These materials supported equipment used in mining, construction, metalworking, and manufacturing. The report identified mining as the largest end-use segment in 2025, while carbide products represented the largest product category. <a href="https://www.tokenpost.com/news/business/40735">Defense-related tungsten consumption received additional attention in an October 25 report by John Kim for TokenPost. </a>The article examined estimates of ammunition expenditures during the Iran war and the quantities of tungsten associated with replenishing ammunition used by defensive gun systems. According to TokenPost, estimated ammunition consumption by C-RAM and similar gun systems corresponded to "almost 4,000 kilograms" of tungsten needed to replace the rounds fired. The calculation covered ammunition used by those systems and excluded tungsten requirements associated with missile replenishment. The publication also cited an estimate of 11,294 munitions used by coalition forces during the conflict's first 16 days, at an estimated cost of approximately US$26 billion. TokenPost emphasized that the figures represented estimates rather than official military tallies. The report placed those estimates alongside global tungsten production figures. China accounted for 67,000 metric tons of the 85,000 metric tons mined worldwide in 2025, representing approximately 79% of global production. The United States had not commercially mined tungsten since 2015. <h2>Analysts Maintain Buy Ratings as Price Targets Range From US$30 to US$43.50</h2> Analyst coverage of Perpetua Resources reflected a series of Buy ratings issued between August and September, with price targets ranging from US$30.00 to US$43.50 per share. On August 3, B. Riley Securities analyst Soundarya Iyer initiated coverage with a Buy rating and a US$30.00 price target. H.C. Wainwright analyst Heiko Ihle followed on August 18, reiterating his Buy recommendation and assigning a US$43.50 price target, the highest among the four analysts cited. Coverage expanded on September 1 when Scotiabank analyst Ovais Habib initiated coverage with a Buy rating and a US$38.88 price target. The most recent assessment came from RBC Capital analyst Harrison Reynolds, who reiterated a Buy rating on September 15 and maintained a US$42.00 price target. Recent additional analyst coverage of Perpetua Resources remained positive, with three analysts maintaining Buy ratings and identifying potential upside ranging from 45.21% to 60.99%, according to the latest ratings data. On September 15, RBC Capital analyst Harrison Reynolds reiterated a Buy rating with a US$42.00 price target, representing a potential upside of 55.44%. Scotiabank analyst Ovais Habib followed on September 29, assigning a Buy rating and a US$39.24 price target, reflecting potential upside of 45.21%. Most recently, on October 1, H.C. Wainwright analyst Heiko Ihle reiterated his Buy rating with a US$43.50 price target, the highest among the three analysts. That target represented potential upside of 60.99%. <h2>From Exploration to Production at Idaho's Stibnite Gold Project</h2> Perpetua Resources Corp. outlined several priorities for advancing its Stibnite Gold Project in its <a href="https://perpetuaresources.com/investors/#investor-presentation" target="_blank" rel="noopener">September 2026 investor presentation</a>, including exploration, project financing, construction planning, and a targeted production start in 2029. The company's 2026 exploration program is focused on identifying additional gold and antimony mineralization near existing deposits, potentially adding high-grade material to the early mine plan and expanding production later in the project's life. At the Clark Tunnel Fault Zone near Yellow Pine, drilling returned several notable intercepts, including 21.3 meters grading 3.2 grams per tonne (g/t) gold and 0.9% tungsten in hole SB597; 6.4 meters grading 16.2 g/t gold and 1.7% antimony in hole SB580; and 15 meters grading 6.3 g/t gold and 0.8% antimony in hole SB582. Exploration at Hangar Flats is also continuing, with the deposit remaining open at depth and along strike. Recent drilling returned 3 meters grading 14.5 g/t gold in hole SB584. Separate drilling beneath the existing reserve pits identified critical minerals mineralization, including 22.9 meters grading 3.2% antimony and 1.2% tungsten in hole SB519 and 9.8 meters grading 8.3% antimony and 4.6% tungsten in hole SB522. This program was designed to collect bulk samples for metallurgical testing. Other exploration targets include Garnet, Scout, and Upper Midnight for high-grade mineralization; Cinnamid-Ridgetop, Saddle-Fern, and Rabbit for bulk-tonnage mineralization; and Mule, Salt & Pepper, and Blow-out as airborne targets. The company has also identified areas northeast of Yellow Pine, beneath Hangar Flats and historical Defense Minerals Exploration Administration workings, and along strike and at depth at West End. These targets vary in exploration maturity, and further work is required to determine whether additional mineral resources can be established. Financing is another key milestone. On May 21, 2026, Perpetua received approval from the U.S. Export-Import Bank for US$2.9 billion in financing, subject to definitive loan documentation and applicable conditions. The company reported US$574 million in unrestricted cash as of June 30, 2026, and identified outstanding warrants as a potential source of additional proceeds. Perpet [GR_OWNERSHIP_10820] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 68.90% of Perpetua Resources, while strategic entities hold about 6.40%, with retail investors accounting for the balance. The largest disclosed holders are Paulson & Co. Inc. (25.86%) and Agnico Eagle Mines Limited (6.40%). The company has roughly 125.10 million shares outstanding, a market capitalization of about CA$2.34 billion, and a 52-week trading range of approximately CA$16.44 to CA$37.37. No verified insider open-market buys or sells were found for the last six months. 12 series of warrants remain outstanding. Public records show 2 historical share restructures. </div> <h2>Frequently Asked Questions About Perpetua Resources, Tungsten Mining, and the Stibnite Gold Project</h2> What is Perpetua Resources' US$40 million U.S. Army tungsten funding award? Perpetua Resources Corp. received an award of up to US$40 million from the U.S. Army to support tungsten exploration at the Stibnite Gold Project in Idaho. The 36-month agreement covers exploration drilling, metallurgical testing, engineering, and permitting activities associated with evaluating domestic tungsten production. Why is the U.S. Army investing in domestic tungsten exploration? Tungsten is a critical mineral used in military ammunition, aerospace equipment, and defense applications because of its hardness and ability to withstand extreme temperatures. The United States has not commercially mined tungsten since 2015, while China accounted for approximately 79% of global tungsten mine production in 2025. The Army's funding supports efforts to evaluate domestic tungsten resources. What tungsten discoveries has Perpetua Resources reported at the Stibnite Gold Project? Exploration drilling identified tungsten mineralization at the Hangar Flats and Yellow Pine deposits. At Hangar Flats, hole SB522 returned 9.8 meters grading 4.6% tungsten and 8.3% antimony, while hole SB519 intersected 22.9 meters grading 1.2% tungsten and 3.2% antimony. At Yellow Pine, hole SB597 returned 21.3 meters grading 0.9% tungsten and 3.2 grams per tonne gold. These exploration results do not establish a tungsten mineral resource or reserve. Where is the Stibnite Gold Project located? The Stibnite Gold Project is located in Valley County, Idaho, within the historical Stibnite Mining District. The district previously produced gold, antimony, and tungsten, including critical minerals supplied for American military requirements during World War II. Does Perpetua Resources have gold and antimony reserves? Perpetua's Stibnite Gold Project contains approximately 4.8 million ounces of gold reserves and 149 million pounds of antimony reserves, according to the company's September 2026 investor presentation. The project's December 2025 technical report outlined estimated recovered production of 4.223 million ounces of gold and 106 million pounds of antimony over a 15-year operating period. How large is the global tungsten market? According to an October 12 report from Fortune Business Insights, the global tungsten market was valued at US$5.43 billion in 2025. The U.S. tungsten market accounted for approximately US$440 million, while the Asia Pacific region represented 71.64% of global market revenue. The report projected a global market valuation of US$9.19 billion by 2034. What are the next milestones for Perpetua Resources and the Stibnite Gold Project? The company's stated development activities include continued tungsten, gold, and antimony exploration; metallurgical testing; engineering and permitting; completion of financing documentation; and construction planning. Its September 2026 presentation identified a final investment decision as a 2026 milestone and initial production as a 2029 milestone. Additional tungsten development remained subject to exploration results, technical evaluation, and applicable permitting requirements. <div> <div> <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>Important Disclosures:<ol> <li>Perpetua Resources is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Agnico Eagle Mines Ltd</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Perpetua Resources were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-22 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-29 through 2026-10-22 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32920"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32920" width="0" height="0"> ( Companies Mentioned: PPTA:TSX; PPTA:NASDAQ, ) Fri, 30 Oct 2026 00:00:00 PST Gold Rebounds Above US$3,900 as Analysts See Potential for US$6,000 https://www.streetwisereports.com/article/2026/10/30/gold-rebounds-above-us-3-900-as-analysts-see-potential-for-us-6-000.html Source: <a href="https://www.streetwisereports.com/article/2026/10/30/gold-rebounds-above-us-3-900-as-analysts-see-potential-for-us-6-000.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) advances early works construction, drilling, and engineering at its Goldboro Gold Project as it prepares an updated feasibility study and targets a 2026 investment decision.<h2>Key Investor Takeaways</h2> <ul> <li>Goldboro Development Advances: NexGold Mining Corp. commenced early works construction at its fully permitted Goldboro Gold Project in Nova Scotia, advancing site preparation, engineering, and procurement activities.</li> <li>Construction Decision Targeted for 2026: NexGold continued preparing for a potential final investment and construction decision, supported by an updated Feasibility Study targeted for completion by the end of the fourth quarter.</li> <li>Potential Project Financing: NexGold has a non-binding letter of intent with Appian Capital Advisory Limited for up to US$175 million in potential project financing. Financing arrangements remain to be finalized.</li> <li>Goldboro Exploration and Resource Updates: NexGold completed a 40,000-meter reverse circulation infill drilling program and two airborne geophysical surveys covering 32,007 hectares. The updated open-pit Mineral Resource Estimate is complete, while the underground estimate remains in progress for incorporation into the updated Feasibility Study.</li> </ul> <h2>NexGold Advances Goldboro Development With Construction Activities, Engineering, and Feasibility Study Work</h2> <a href="https://www.streetwisereports.com/pub/co/1961?utm_medium=feed" target="_blank" rel="noopener">NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE)</a> reported progress on development activities at its 100%-owned, fully permitted Goldboro Gold Project in Nova Scotia, including early construction, engineering, procurement, exploration, and work on an updated Feasibility Study.<a href="https://nexgold.com/nexgold-reports-progress-on-development-activities-at-the-goldboro-gold-project-in-nova-scotia/"> In an October 27, 2026, news release, the company provided an update on activities through mid-October as it continued preparing for a potential construction decision.</a> "As we move closer to a potential construction decision on Goldboro, we continue to advance the Project across several key development areas," said Kevin Bullock, President, CEO, and Director of NexGold, in the company news release. "In addition to commencing early works construction activities in mid-September, we have made significant progress toward completion of the updated Feasibility Study, while continuing to advance mine planning, engineering, procurement, recruitment, community engagement, and exploration activities." Early works construction activities commenced on September 17 following the award of a site preparation and early earthworks contract to Mi'kma'ki-Municipal Limited Partnership, a majority Indigenous-owned partnership involving Municipal Enterprises Limited, a subsidiary within the Municipal Group of Companies, and an affiliate of Dexter Construction Company Limited. NexGold also awarded seven site services contracts, several of which went to wholly owned or joint venture Mi'kmaw companies. Work on the updated Feasibility Study included completion of mineral resource modeling and estimation for the updated open-pit Mineral Resource Estimate. The underground Mineral Resource Estimate remained in progress, with both estimates being incorporated into the study. NexGold completed several geotechnical reports covering the mill site, site infrastructure, tailings management facility, and waste areas, along with a site-wide geotechnical data compilation report. The company also completed the updated mine plan, including optimization of ore, waste rock, and organics stockpiles and consideration of construction material requirements. Additional technical work included completion of the water balance for the updated tailings management facility layout. NexGold continued discussions with Nova Scotia Power regarding long-term electricity supply options, including environmental and archaeological assessments of the proposed powerline route. The Nova Scotia Independent Energy System Operator completed a System Impact Study. Preparation of technical report chapters continued, while final reviews of capital and operating cost estimates and the financial model remained underway. Engineering activities included completion of issued-for-construction documentation for the Early Earthworks package and commencement of detailed engineering for the Site Earthworks contract scheduled to begin in early 2027. The company also advanced detailed engineering for the process plant, issuing process flow diagrams, process design criteria, a mass balance, and a mechanical equipment list. Facility layouts continued to be finalized, while technical documentation was prepared to support potential early equipment procurement packages. NexGold continued developing preliminary project execution materials, including draft schedules, management plans, procedures, and contract documentation, to support its evaluation of construction and execution strategies. <a href="https://nexgold.com/nexgold-reports-progress-on-development-activities-at-the-goldboro-gold-project-in-nova-scotia/">Procurement activities included issuing 16 long-lead equipment packages for bids, with proposals received for 13 packages.</a> The company also evaluated proposals for the design, construction, and operation of an employee accommodation facility. Exploration activities included completion of a 40,000-meter reverse circulation infill drilling program targeting areas accessible by drill rig within the first years of planned production. The program was designed to increase data density within key mining areas and support the evaluation of potential upgrades to Mineral Resource classifications. <a href="https://www.streetwisereports.com/article/2026/08/19/nexgold-hits-31-29-g-t-gold-at-goldboro-as-infill-program-nears-40-000-m.html?utm_medium=feed">In August, NexGold announced results from 85 drill holes totaling 3,591 meters. </a>Reported intercepts included 5.26 grams per tonne (g/t) gold over 7.0 meters, including 31.29 g/t over 1.0 meter; 7.08 g/t gold over 5.0 meters, including 25.11 g/t over 1.0 meter; and 14.97 g/t gold over 2.0 meters. Preliminary reverse circulation drilling results indicated comparable ranges of mineralized thicknesses and grades in certain intervals. However, verification, sampling, analytical review, and interpretation remained ongoing. NexGold also completed two airborne geophysical surveys covering 32,007 hectares of prospective exploration land, according to the October 27 release. These included a 2,496-line-kilometer Versatile Time Domain Electromagnetic survey and a 2,656-line-kilometer FALCON gravity gradiometer survey. The surveys were designed to support additional exploration targeting and characterization of regional geological controls, with interpretation of the data continuing. The company reported additional workforce development and community engagement activities, including recruitment of personnel for its Owner's Project Team. NexGold participated in four community recruitment events and seven university and college career fairs across Newfoundland and Labrador, Nova Scotia, New Brunswick, and Ontario. Community activities included a quarterly Community Liaison Committee meeting in Goldboro, participation in the Nova Scotia Mi'kmaw Games, and events recognizing Truth and Reconciliation Day. NexGold also participated in a virtual Implementation Committee meeting with Kwilmu'kw Maw-klusuaqn to discuss project updates and priorities, including Mi'kmaq First initiatives and the Mining Essentials program in Unama'ki. <h2>Gold Holds as Central Bank Buying Meets Fed Pressure</h2> According to <a href="https://tradingeconomics.com/commodity/gold?utm_source=chatgpt.com" target="_blank" rel="noopener">Trading Economics</a> on October 29, gold traded at US$4,026.78 per ounce, declining US$41, or 1.01%, on the day. The precious metal had fallen 3.15% over the preceding month but remained 0.05% higher year over year. The decline followed the Federal Reserve's decision to leave interest rates unchanged at 4%, with two officials dissenting in favor of a 25-basis-point increase. The decision reinforced expectations of a possible December rate increase amid persistent inflation driven by elevated energy costs. <a href="https://www.fxstreet.com/analysis/gold-is-holding-on-to-4-000-202610281440" target="_blank" rel="noopener">According to an October 28 analysis by Alexander Kuptsikevich of FXStreet</a>, gold regained some ground as demand for risk assets recovered, although its relationship with financial markets had changed. Kuptsikevich explained that gold had historically been sensitive to real yields on U.S. Treasury bonds, but that relationship had weakened following the freezing of Russia's foreign exchange reserves in 2022. He noted that traditional correlations had returned during the first nine months of 2026 before shifting again in October, when gold declined alongside Treasury yields. Kuptsikevich also highlighted the increasing influence of equity markets on gold prices, writing, "The equity market now plays a much greater role in gold's fortunes than it used to." He attributed part of this relationship to substantial capital flows into equities over the preceding four years and the use of gold as a source of liquidity to meet margin requirements. <blockquote class="callOut left">National Bank Financial analyst Alex Terentiew maintained an "Outperform" rating on NexGold with a CA$5.50 per share price target.</blockquote> <a href="https://www.kitco.com/news/article/2026-10-28/gold-prices-could-fall-3900-silver-50-fed-tightening-pressures-precious" target="_blank" rel="noopener">A separate October 28 report by Kitco News journalist Neils Christensen</a> examined the precious metals outlook presented by analysts at Sucden Financial. The analysts identified inflation, elevated Treasury yields, and expectations for restrictive Federal Reserve policy as pressures on gold. They stated, "The final quarter of 2026 has brought renewed macro pressure to commodity markets, with the Iran conflict pushing energy costs higher and complicating the outlook for monetary policy." Despite these pressures, Sucden identified continued gold purchases by central banks and investment funds as sources of underlying demand. The analysts estimated that central banks purchased 289 tonnes of gold during the second quarter, including unreported transactions. China's central bank added another 23 tonnes to its reserves in September, bringing its year-to-date purchases to 103 tonnes and extending its accumulation streak to 23 consecutive months. The analysts emphasized the importance of these purchases, stating, "Official-sector demand continues to provide the clearest fundamental floor." Although first-half central bank purchases were the weakest since 2022, Sucden reported that official-sector demand had strengthened in subsequent months. Investment demand also remained substantial. According to Sucden, global gold-backed ETF holdings reached a record 101.55 million ounces in mid-October and remained near 101 million ounces despite recent price declines. Meanwhile, managed-money net-long positioning fell to a four-month low, reflecting more cautious sentiment among speculative traders. The analysts distinguished between longer-term investment activity and short-term trading behavior, noting that central bank and ETF accumulation continued even as speculative positioning weakened. <h2>Analysts Highlight Goldboro Milestones and Goldlund Exploration</h2> NexGold Mining Corp. received favorable assessments from two analysts during August and September, with both maintaining positive ratings and identifying the company's gold projects as central to their evaluations. In an August 26 research report, Red Cloud Securities analyst Ron Stewart reaffirmed his "BUY (S)" rating and CA$4.30 per share price target. His valuation incorporated discounted cash flow analyses of the Goldboro Gold Project and Goliath Gold Complex, alongside an in-situ valuation of the Niblack project. Stewart also examined drilling results from the Goldlund deposit within the Goliath Gold Complex. "In our view, these results demonstrate that there are high-grade portions of the deposit," he wrote. Goldlund accounted for approximately 60% of the complex's 2.9 million ounces of gold resources, according to the analyst, who also discussed the possibility of underground development targeting additional resources at depth. Looking ahead, Stewart identified several milestones in NexGold's development plans, including updated mineral resource estimates and a feasibility study at Goldboro, continued exploration and permitting at Goliath, project financing arrangements for Goldboro, and a final investment decision. Additional analyst coverage followed on September 17, when National Bank Financial analyst Alex Terentiew maintained an "Outperform" rating on NexGold with a CA$5.50 per share price target, according to The Globe and Mail. <h2>Goldboro Construction Decision, Updated Feasibility Study, and Goliath Exploration Programs</h2> <a href="https://nexgold.com/wp-content/uploads/2026/10/NEXG-Corporate-Presentation-Oct-2026.pdf">NexGold's October 2026 corporate presentation</a> outlined development activities across its Goldboro Gold Project in Nova Scotia and Goliath Gold Complex in Ontario. The company identified a potential construction decision at Goldboro during 2026, alongside technical studies, financing arrangements, engineering, procurement, and exploration programs at both properties. At Goldboro, the company outlined plans to update its Mineral Resource Estimate using recently completed infill drilling. The updated estimate forms part of a broader technical program that also includes an updated Feasibility Study incorporating revised operating expenditures, capital expenditures, and gold price assumptions. The October 27 news release established a target of completing the updated Feasibility Study by the end of the fourth quarter of 2026. The study is intended to provide updated technical and economic information for NexGold's board of directors as it evaluates a potential final investment decision. The updated study also relates to the company's previously announced non-binding letter of intent with Appian Capital Advisory Limited concerning US$175 million in potential project financing. NexGold identified finalizing financing arrangements as one of its remaining project development activities ahead of a potential construction decision. The presentation also outlined organizational and project execution initiatives at Goldboro. These include expanding internal organizational capacity and working with project partners, finalizing contracting and procurement strategies, and developing detailed project schedules. Engineering activities remain part of the development program, with NexGold planning to advance detailed engineering to address construction requirements and scheduling. The company also identified procurement of long-lead equipment as a development priority. The early works construction program, which commenced in September 2026, includes establishing environmental controls and maintaining traditional community recreational access during the planned construction period. Specific early works activities include construction of elements of a public-access bypass road, including installation of culverts at water crossings, and installation of sediment and erosion control infrastructure. The program also includes tree clearing for the employee accommodation facility pad, till and organics stockpiles, sedimentation ponds and construction management facilities. Mobilization of site services contractors is another component of the early works program. NexGold's Goldboro infrastructure plans include a fully lined tailings storage facility designed for 16.4 million tonnes of tailings and 10.8 million tonnes of co-placed waste rock. The project layout also includes waste rock storage areas designed for 122 million tonnes of waste, organic stockpile areas, water management infrastructure, a carbon-in-pulp process plant incorporating a gravity circuit, and a public road diversion. Planned employee accommodation facilities are designed to house up to 350 personnel during construction and 175 personnel during operations. NexGold's presentation describes the infrastructure as being contained within a single watershed, an approach the company expects to reduce environmental impacts and simplify permitting. Goldboro's exploration program includes detailed, close-spaced infill drilling intended to define potential near-surface Mineral Resources. The company also identified exploration for additional deposits and mineral resources as part of its 2026 activities. The October presentation reported that Goldboro contains approximately 2.6 million ounces of measured and indicated gold resources, comprising 21.593 million tonnes grading 3.72 g/t gold. The project also contains approximately 484,000 ounces of inferred gold resources within 3.181 million tonnes grading 4.73 g/t. The company identified four high-priority exploration targets through its analysis of historical data and geophysical surveys. Gold mineralization has been traced along more than 3.4 kilometers of strike, while the deepest hole drilled reached approximately 550 meters. NexGold's existing 2022 Feasibility Study outlines a 10.9-year open-pit mine life with average annual gold production of approximately 100,000 ounces. The study estimates initial capital costs of CA$271 million, an after-tax net present value at a 5% discount rate of CA$328 million, and an after-tax internal rate of return of 25.5%, based on a gold price assumption of US$1,600 per ounce. The study also estimates average gold recovery of 95.8%, life-of-mine operating cash costs of US$773 per ounce, and all-in sustaining costs of US$849 per ounce. These figures are based on the existing study rather than the updated Feasibility Study currently in preparation. The existing mine plan begins with open-pit production and includes underground development beginning in year six. The company identified additional underground resource drilling and evaluation as components of its longer-term Goldboro development plans. <div>[GR_OWNERSHIP_1961] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 18.20% of NexGold, while Management and insiders own approximately 1.86%, with retail investors accounting for the balance. The company has roughly 255.94 million shares outstanding, a market capitalization of about CA$325 million, and a 52-week trading range of approximately CA$1.12 to CA$2.40. Insiders were buyers over the last six months, purchasing about 30,000 shares, with no verified open-market sales in that window. </div> </div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <h2>Frequently Asked Questions About NexGold Mining Corp. and the Goldboro Gold Project</h2> What is the latest NexGold Mining Corp. news? NexGold Mining Corp. announced progress on October 27, 2026, across several development activities at its Goldboro Gold Project in Nova Scotia. The company reported advancements in early works construction, engineering, procurement, mineral resource modeling, and exploration. NexGold also continued preparing an updated Feasibility Study as part of its evaluation of a potential construction decision. When will NexGold make a construction decision on the Goldboro Gold Project? NexGold targeted a potential final investment and construction decision at Goldboro during 2026. The company planned to complete an updated Feasibility Study by the end of the fourth quarter of 2026. The decision remained subject to the company's evaluation of project development requirements, financing arrangements, and updated technical information. How much gold is at NexGold's Goldboro Gold Project in Nova Scotia? Goldboro contained approximately 2.6 million ounces of measured and indicated gold resources within 21.593 million tonnes grading 3.72 grams per tonne (g/t). The project also contained approximately 484,000 ounces of inferred gold resources within 3.181 million tonnes grading 4.73 g/t. NexGold continued updating its Mineral Resource Estimate using information from recently completed infill drilling. What are the estimated construction costs and economics of the Goldboro Gold Project? The 2022 Goldboro Feasibility Study estimated initial capital costs of CA$271 million, an after-tax net present value of CA$328 million at a 5% discount rate, and an after-tax internal rate of return of 25.5%. The study used a gold price assumption of US$1,600 per ounce and estimated all-in sustaining costs of US$849 per ounce. NexGold's updated Feasibility Study was intended to incorporate revised capital costs, operating costs, and gold price assumptions. What is NexGold's Goliath Gold Complex in Ontario? The Goliath Gold Complex was NexGold's gold development property near Dryden, Ontario, encompassing approximately 330 square kilometers and including the Goliath, Goldlund, and Miller deposits. What are the latest analyst ratings and price targets for NexGold stock? Red Cloud Securities analyst Ron Stewart maintained a "BUY (S)" rating and CA$4.30 per share price target in an August 26 research report. Stewart based his valuation on discounted cash flow analyses of Goldboro and Goliath and an in-situ valuation of Niblack. On September 17, National Bank Financial analyst Alex Terentiew reiterated an "Outperform" rating with a CA$5.50 per share price target, according to The Globe and Mail. What are NexGold Mining Corp.'s major development milestones for 2026? NexGold's stated 2026 priorities included completing Goldboro's updated Feasibility Study and Mineral Resource Estimate, advancing detailed engineering and procurement, finalizing financing arrangements, and evaluating a final investment and construction decision. At Goliath, the company outlined exploration drilling, environmental baseline studies, permitting activities, and evaluation of alternative project development configurations. </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>NexGold Mining Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexGold Mining Corp.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for NexGold were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-29 through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32918"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32918" width="0" height="0"> ( Companies Mentioned: NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE, ) Fri, 30 Oct 2026 00:00:00 PST Gold Explorer Regains Full Control of BC Placer Project After Partner's Bankruptcy https://www.streetwisereports.com/article/2026/10/29/gold-explorer-regains-full-control-of-bc-placer-project-after-partner-apos-s-bankruptcy.html Source: <a href="https://www.streetwisereports.com/article/2026/10/29/gold-explorer-regains-full-control-of-bc-placer-project-after-partner-apos-s-bankruptcy.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCQB) has regained full control of its flagship Wingdam placer gold project in British Columbia after its former joint venture partner went bankrupt. Find out why one analyst sees upside beyond the project's placer gold.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Omineca has regained full control of its flagship Wingdam underground paleoplacer gold project in British Columbia after the bankruptcy trustee for its former joint venture partner, D&L Mining Corp., gave up D&L's interest.</li> <li>Omineca has taken over management of the mine site and engaged PSI Mining to take temporary operating responsibility, and the company says it can now finalize an agreement with a development partner, which it has not named.</li> <li>Restarting gold recovery at Wingdam will require regulatory approvals from the province.</li> <li>Omineca closed CA$1.3 million in private placements on October 28, with proceeds going to hard rock exploration at Wingdam and to working capital.</li> <li>Research Capital's Bill Newman rated Omineca a Speculative Buy in August.</li> </ul> <center> <h2>Wingdam Back in Omineca's Hands</h2> </center> Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCQB) has regained full control of its flagship Wingdam underground paleoplacer gold project in British Columbia, after the bankruptcy trustee for its former joint venture partner gave up that partner's interest in the project, <a href="https://ominecaminingandmetals.com/news/omineca-regains-full-control-of-flagship-wingdam-placer-project/" target="_blank" rel="noopener">according to an October 27 release</a>. MNP Ltd., the licensed insolvency trustee in the bankruptcy of D&L Mining Corp., disclaimed D&L's interest in Wingdam. Omineca has taken over management of the mine site to keep operations running, and it has engaged PSI Mining of Saskatoon to take temporary operating responsibility for the project. The company said regaining full control lets it finalize an agreement with a development partner, which it has not named. <center> <h2>Clearing the Path</h2> </center> D&L was Omineca's joint venture partner and mining contractor at Wingdam. It filed a voluntary assignment in bankruptcy on October 9, Omineca said in an <a href="https://investingnews.com/omineca-provides-update-on-dl-mining/" target="_blank" rel="noopener">October 13 update</a>. As operator of the joint venture, Omineca held a right of first refusal on any transfer of D&L's interest, and the company said at the time that multiple credible parties had expressed interest in acquiring it. The bankruptcy does not affect Omineca's other projects or its exploration for the lode gold source at Wingdam, the company said. Restarting gold recovery at Wingdam will require regulatory approvals from the province. On October 28, Omineca <a href="https://thenewswire.com/press-releases/1LpMFYbQ1-omineca-announces-closing-of-concurrent-non-brokered-private-placements.html" target="_blank" rel="noopener">closed private placements</a> totaling CA$1.3 million, subject to final acceptance by the TSX Venture Exchange. The offerings included 15.2 million common share units at CA$0.05 each and around 9 million flow-through units at CA$0.06 each, and certain insiders participated. The proceeds will go to hard rock exploration at the Wingdam lode gold project and to working capital, not to the placer operation. <center> <h2>Buried Gold in the Cariboo</h2> </center> Wingdam sits along the Barkerville Highway, 45 kilometers east of Quesnel. Omineca's mineral tenures there cover 61,392 hectares, plus more than 15 linear kilometers of placer claims in the Lightning Creek valley. Thick layers of overburden in the valley preserved much of a buried paleochannel containing placer gold-bearing gravels. Omineca is also exploring the potential for multiple hard rock sources of that placer gold. The company's Fraser Canyon project, 12 kilometers northwest of Quesnel in the Cariboo Mining District, is slated to restart development of an underground paleochannel for placer gold recovery. Two historical mines north and south of the Fraser River produced a combined 1,482 ounces of raw placer gold. <center> <h2>Analyst Sees Upside Beyond Wingdam's Placer Gold</h2> </center> Research Capital Corp. analyst Bill Newman maintained his Speculative Buy rating and CA$0.42 target price on Omineca in an August 6 update, written before D&L's bankruptcy. With the stock at CA$0.05 at the time, that target implied a projected return of 740%. Newman's target equals 1.0 times his risked valuation of the Wingdam paleoplacer project alone. He assigned no value to Fraser Canyon or the Wingdam hard rock discovery, which he said provides potential upside as those projects are further de-risked. At the time, D&L had prepared an underground crosscut to advance across the Wingdam paleochannel and had reportedly recovered substantial quantities of placer gold. But Newman noted that D&L was still waiting for approval from B.C.'s Ministry of Mining and Critical Minerals to continue across the channel, and that quantified gold recovery results had not yet been released. He called regulatory approval and quantified gold recoveries the key near-term catalysts. Once the company shows it can safely mine and recover gold across the channel, Omineca intends to submit a five-year mine plan covering an initial 1.4 kilometers of paleochannel, he wrote. Newman also pointed to Fraser Canyon, where PSI Mining has applied to dewater the historical underground workings and plans to restart placer gold recovery later in 2026, subject to permitting. PSI will fund all development and operating costs in exchange for 75% of recovered placer metals, while Omineca keeps a 25% carried interest at no cost. In 1986, the Canyon Mine processed 9,932 cubic yards of pay gravel and recovered 421.6 ounces of refined gold. On the hard rock side, Omineca's 2025 drilling intersected 4.84 grams per tonne (g/t) gold over 1.07 meters and 1.25 g/t gold over 2 meters, about 500 meters west of the underground placer workings. Management believes the results represent the discovery of a potential lode source for Wingdam's placer gold. Newman said the results confirm hard rock gold mineralization near Wingdam, but the intercepts are narrow, true thicknesses remain unknown, and follow-up drilling is needed to establish the system's orientation, continuity, and scale. <center> <h2>Every Ounce Counts</h2> </center> Gold remains near historically strong levels heading into the year's final stretch, giving explorers like Omineca a supportive backdrop. The metal traded at around US$4,061 an ounce on the morning of October 28, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-wednesday-october-28-2026-gold-prices-remain-below-4100-ahead-of-the-fed-rate-decision-110708338.html" target="_blank" rel="noopener">according to Yahoo!Finance</a>, and is up about 1.8% over the past year, even after retreating from January's record. Later that day, the U.S. Federal Reserve held interest rates steady, <a href="https://www.cnbc.com/2026/10/28/fed-interest-rate-decision-october-2026.html" target="_blank" rel="noopener">according to CNBC</a>. Many forecasters still see better days ahead. Analysts surveyed by Reuters trimmed their 2026 gold forecasts but expect prices to recover in 2027, <a href="https://www.kitco.com/news/off-the-wire/2026-10-28/gold-slips-higher-oil-prices-ahead-fed-decision" target="_blank" rel="noopener">according to a report on Kitco</a>. Bank of America has said it sees US$5,000 an ounce as achievable once the Fed's tightening cycle is over, <a href="https://in.marketscreener.com/news/bofa-cuts-2026-average-gold-forecast-sees-long-term-upside-ce7f5ed9db80f42d" target="_blank" rel="noopener">Reuters reported</a>. Demand from official buyers has also stayed firm. Central banks and other institutions bought 288.9 tonnes of gold in the second quarter, 62% more than a year earlier, World Gold Council data <a href="https://upstox.com/news/personal-finance/commodities/3-gold-demand-trends-in-q2-2026-jewellery-and-et-fs-fall-central-bank-buying-soars-411/article-198103/" target="_blank" rel="noopener">showed, according to Upstox</a>. For a company recovering placer gold, prices at these levels make every ounce count. <div>[GR_OWNERSHIP_5600] <div><center> <h2>Ownership and Share Structure1</h2> </center> Institutions hold about 30.00% of Omineca, strategic entities hold about 17.70%, and Management and insiders own approximately 2.61%, with retail investors accounting for the balance. The largest disclosed holder is 49 North Resources Inc. (FNR:TSX.V) at about 17.70%. The company has roughly 267.74 million shares outstanding, a market capitalization of about CA$10.71 million, and a 52-week trading range of approximately CA$0.04 to CA$0.14. No verified insider open-market buys or sells were found for the last six months. 2 series of warrants remain outstanding. No share restructures were found in public records. </div> <center> <h2>Common Questions from Investors</h2> </center> What happened at Wingdam? D&L Mining Corp., Omineca's joint venture partner and mining contractor at Wingdam, filed for bankruptcy on October 9. MNP Ltd., the licensed insolvency trustee, has since disclaimed D&L's interest in the project, returning full control to Omineca. Who is running Wingdam now? Omineca has taken over management of the mine site and engaged PSI Mining of Saskatoon to take temporary operating responsibility for the project. What comes next for the placer project? Omineca says regaining full control lets it finalize an agreement with a development partner, which it has not named. Restarting gold recovery at Wingdam will require regulatory approvals from the province. Does the bankruptcy affect Omineca's other projects? No. The company said the bankruptcy does not affect its other projects or its exploration for the lode gold source at Wingdam. What did Omineca raise in its latest financing? Omineca closed private placements totaling CA$1.3 million on October 28, subject to final TSX Venture Exchange acceptance. The proceeds will go to hard rock exploration at the Wingdam lode gold project and to working capital, not to the placer operation. What is happening at Fraser Canyon? The project, 12 kilometers northwest of Quesnel, is slated to restart development of an underground paleochannel for placer gold recovery. In August, Research Capital noted that PSI Mining will fund all development and operating costs in exchange for 75% of recovered placer metals, while Omineca keeps a 25% carried interest. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div>Important Disclosures:<ol> <li>Omineca Mining and Metals Ltd. is a billboard sponsor of Streetwise Reports, which includes banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Omineca Mining and Metals 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> <div> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Omineca were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-28 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-28 through 2026-10-28 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div> </div><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32917"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32917" width="0" height="0"> ( Companies Mentioned: OMM:TSX.V; OMMSF:OTCQB, ) Fri, 30 Oct 2026 00:00:00 PST Gold-Copper Giant Faces Key Ruling Under BC's New Conservative Government https://www.streetwisereports.com/article/2026/11/02/gold-copper-giant-faces-key-ruling-under-bc-apos-s-new-conservative-government.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/gold-copper-giant-faces-key-ruling-under-bc-apos-s-new-conservative-government.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> A key ruling on Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE) KSM gold-copper project will now be made under British Columbia's new Conservative government, which has promised to cut red tape. Find out why one newsletter writer still recommends a core position in the stock.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>British Columbia's Conservatives won the October 24 election and promised to cut red tape, and the province's reconsideration of Seabridge's KSM project will now play out under the new government.</li> <li>KSM's 2014 environmental certificate depends on the province's finding that the project was substantially started by July 2024. A court ordered that the finding be reconsidered in June, and no decision date has been set.</li> <li>Red Cloud Securities said shorter, fixed permit timelines could benefit Seabridge at KSM, but that the outcome depends more on getting permits out on time than on repealing DRIPA.</li> <li>Seabridge said in late September that it expects to announce a KSM joint venture in the near future, and it arranged a US$100 million credit line in July.</li> <li>Newsletter writer Chris Temple recommends a "core" position in Seabridge, calling it a "non-expiring call option of sorts" on gold and copper.</li> </ul> <center> <h2>New Government, Big Decision</h2> </center> A key regulatory decision for <a href="https://www.streetwisereports.com/pub/co/700?utm_medium=feed" target="_blank" rel="noopener">Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE)</a> KSM gold-copper project will now be made under a new provincial government, after British Columbia's Conservatives won the October 24 election, their first provincial win since 1928, <a href="https://www.usnews.com/news/world/articles/2026-10-25/conservative-party-wins-first-election-in-nearly-a-century-in-british-columbia" target="_blank" rel="noopener">according to Reuters</a>. Conservative leader Lorne Doerkson, who will become premier, promised to "cut red tape like it's never been cut before." The timing matters for Seabridge. The province is reconsidering whether KSM was "substantially started" by July 2024, a finding that keeps the project's 2014 environmental certificate valid. If that finding fails, Seabridge could face a new environmental review. Seabridge Chair and CEO Rudi Fronk called the election result good news for the company, though he doesn't expect a dramatic shift. “Clearly a conservative government tends to be better for businesses, so we think it's a net positive,” he told Streetwise Reports. Fronk said Seabridge had a very good relationship with the previous government and expects the same with the new one. “We welcome the ability of perhaps getting approvals quicker than we've seen in the past,” he said. On the review, Fronk said the 90-day consultation window has now concluded, and Seabridge expects the province to make its reconsideration before year-end. The Conservatives campaigned on legislated approval timelines, a single review per project, and exploration permit deadlines that match or beat other Canadian jurisdictions, <a href="https://www.mining.com/bc-tory-landslide-raises-mining-hopes-rights-fears/" target="_blank" rel="noopener">according to Mining.com</a>. In a note after the election, Red Cloud Securities said shorter, fixed permit timelines could benefit Seabridge at KSM. "The change in tone is real and will lift sentiment quickly," the firm wrote. But it added that success "depends less on repealing DRIPA than on whether the new government can get permits out on time," referring to the province's Declaration on the Rights of Indigenous Peoples Act, which the Conservatives have pledged to repeal. <center> <h2>Where KSM Stands</h2> </center> KSM, in British Columbia's Golden Triangle, is one of the world's largest undeveloped gold-copper projects, and Seabridge says it has invested more than CA$1.4 billion in it. The project received its provincial environmental assessment certificate in 2014. Although the province designated KSM as "Substantially Started" in July 2024, that finding is being reconsidered following a court ruling and remains in force during the process. In June, the B.C. Supreme Court found the determination reasonable but ruled that the Environmental Assessment Office had not adequately consulted the Tsetsaut Skii km Lax Ha (TSKLH). The court ordered a further 90-day consultation period, after which the province must reconsider the designation. That consultation closed September 28. Seabridge will have an opportunity to respond to TSKLH's submissions, after which the Environmental Assessment Office will draft a report for review by the parties before the decision-maker reconsiders the designation. Seabridge said it expects the reconsidered decision in the fourth quarter of 2026, although no specific decision date has been announced. Seabridge is also closing in on a partner to help build the project. At the Denver Gold Forum in late September, the company said it expects to announce a KSM joint venture "in the near future," <a href="https://www.basisreport.com/news/sa-seabridge-gold-ksm-jv-permits-reconsideration" target="_blank" rel="noopener">according to Basis Report</a>. It has not named a partner. <center> <h2>A Political Shift in Victoria</h2> </center> The election ends nine years of New Democratic Party government in British Columbia. The Conservatives led in 63 of 93 ridings in preliminary results, with the NDP at 28 and the Greens at two, according to Mining.com. Final counting is set for November 6. Doerkson, the party's interim leader, has said he will "supercharge" the province. The party's platform centers on energy, with pledges to double natural gas production by 2032, end emissions limits, and replace the carbon tax framework, according to Reuters. <blockquote class="callOut left">"The magnitude of its copper and gold resources/proven reserves at KSM are world-leading," said Chris Temple.</blockquote> For mining, it promised to expand the Mining Exploration Tax Credit and set fixed timelines for operating permits and mine-life extensions. The industry welcomed the result. "British Columbians have elected a government that has made mining a priority," said Todd Stone, president and CEO of the Association for Mineral Exploration. But the association said it would prefer amendments to DRIPA over repeal, and the First Nations Leadership Council urged the new government to keep the law, which it says provides a framework for reconciliation and certainty. Red Cloud noted that repeal would not remove the constitutional duty to consult, which is what the court found lacking in KSM's case. <center> <h2>Cash, Tunnels, and Wyoming</h2> </center> Seabridge arranged a US$100 million unsecured credit line in July to fund this summer's work at KSM, including road building and data collection for feasibility-level design, <a href="https://www.mining.com/?p=1210856" target="_blank" rel="noopener">according to Mining.com</a>. The financing also gives the company flexibility as it looks for a partner. Separately, British Columbia has delayed a decision on permit amendments for the Mitchell-Treaty Tunnels, which would cross approximately 12.5 kilometers of mineral claims owned by Tudor Gold Corp. (TUD:TSXV). The delay stems from a legal dispute over whether Seabridge's conditional mineral reserve for the tunnels applies to Tudor's pre-existing claims. In October, Seabridge also agreed to acquire a 100% interest in the Slaughterhouse copper-gold project in southern Wyoming from Orogen Royalties Inc. (OGN:TSXV; OGNNF:OTCQX), according to a <a href="https://www.seabridgegold.com/press-release/seabridge-gold-to-explore-wyoming-for-gold-and-critical-minerals" target="_blank" rel="noopener">company release</a>. The election comes as exploration in British Columbia is already running hot. Exploration spending in the province hit a record CA$751 million in 2025, up 36%, and copper overtook gold as the top target for the first time, <a href="https://www.ey.com/en_ca/newsroom/2026/04/bc-exploration-spending-hits-record-751m-in-2025-as-copper-overtakes-gold" target="_blank" rel="noopener">according to EY</a>. Since April, the province has also had fixed timelines of 40 to 140 days for exploration permits, according to a <a href="https://news.gov.bc.ca/releases/2026MCM0003-000071" target="_blank" rel="noopener">B.C. government release</a>. <center> <h2>Newsletter Writer Holds a 'Core' Position</h2> </center> Chris Temple of The National Investor counts Seabridge among his current "core" recommendations, and maintains an "accumulate" rating on the stock as of this date. Though he advised his members to sell part of their position (which had more than quadrupled since his present position recommendation) a while back to shelter some profits from the correction, he maintains that Seabridge longer-term, is one of the most attractive equities to take advantage of the underlying, secular bullish moves for both gold and copper. "The magnitude of its copper and gold resources/proven reserves at KSM are world-leading," Temple told Streetwise Reports. Analysts are also watching KSM's next steps. RBC Capital Markets analyst Josh Wolfson reiterated his Buy rating and CA$100.6 target on September 15, <a href="https://www.tipranks.com/stocks/tse:sea/forecast">according to TipRanks</a>. On August 20, Stonegate Capital Partners analyst Dave Storms wrote that progress on KSM ownership and financing matters more to the stock than resource growth. He called a joint venture the next major catalyst and set a US$72.28 target. B. Riley Securities analyst Soundarya Iyer rated Seabridge a Buy on August 3, with a CA$56.25 target, down from CA$91.40, according to TipRanks. Seabridge's newest project is drawing attention as well. <a href="https://thedeepdive.ca/seabridge-gold-picks-up-wyoming-copper-gold-project-from-orogen/" target="_blank" rel="noopener">Writing for The Deep Dive on October 13</a>, Jay Lutz noted southern Wyoming's century-long history of copper and gold production. He highlighted Proud Peak, where a dense geophysical body more than 2 kilometers long sits beneath iron-rich alteration, and noted that Seabridge has yet to disclose a work program or budget. <center> <h2>Two Metals, One Bet</h2> </center> Gold has held its ground through a volatile year, and some analysts see room to climb from here. Spot gold traded at about US$4,050 an ounce on the morning of October 28, ahead of the U.S. Federal Reserve's rate decision, <a href="https://www.kitco.com/news/off-the-wire/2026-10-28/gold-slips-higher-oil-prices-ahead-fed-decision" target="_blank" rel="noopener">according to a Reuters report on Kitco</a>. That leaves the metal well above where it traded just a few years ago, even after it pulled back from January's record. A Reuters survey found that analysts expect gold to recover in 2027. The near-term setup could turn in gold's favor. Rising oil prices have fed worries that the Fed will stay hawkish, but independent analyst Nikos Tzabouras said that could reverse quickly. "Should PCE come in soft and the Fed fall short of hawkish expectations, bullion could push higher," he said, referring to the personal consumption expenditures inflation data due Thursday. Longer-term buyers haven't left. Central banks and other institutions added 288.9 tonnes of gold in Q2, a 62% jump from a year earlier, according to World Gold Council figures <a href="https://upstox.com/news/personal-finance/commodities/3-gold-demand-trends-in-q2-2026-jewellery-and-et-fs-fall-central-bank-buying-soars-411/article-198103/" target="_blank" rel="noopener">reported by Upstox</a>. Bank of America has said US$5,000 an ounce is within reach once the Fed finishes tightening, <a href="https://in.marketscreener.com/news/bofa-cuts-2026-average-gold-forecast-sees-long-term-upside-ce7f5ed9db80f42d" target="_blank" rel="noopener">according to Reuters</a>. For Seabridge, gold is only half the story. Copper traded at about US$6.61 a pound on October 28, close to September's record and up about 28% from a year earlier, <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">according to Trading Economics</a>. With both metals near historic highs, a project the size of KSM gives investors exposure to each, which is the "call option" Temple describes. <div>[GR_OWNERSHIP_700] <div> <h2>Ownership and Share Structure1</h2> Institutions hold about 44.30% of Seabridge, while Management and insiders own approximately 20.00%, with retail investors accounting for the balance. The largest disclosed holder is Kopernik Global Investors, LLC at about 9.56%. The company has roughly 107.87 million shares outstanding, a market capitalization of about CA$4.03 billion, and a 52-week trading range of approximately CA$28.30 to CA$50.79. No verified insider open-market buys or sells were found for the last six months. No current warrants were found. Public records show one historical share restructure. </div> </div> <div><center> <h2>Common Questions from Investors</h2> </center></div> What does the B.C. election mean for Seabridge? The Conservatives campaigned on legislated approval timelines and a single review per project, and leader Lorne Doerkson promised to "cut red tape like it's never been cut before." The province's reconsideration of KSM's substantially started finding will now be decided under the new government. Red Cloud Securities said faster permitting could benefit KSM, but the court's concern in KSM's case was the constitutional duty to consult, which repealing DRIPA would not remove. Where does the KSM review stand? The B.C. Supreme Court ordered the province in June to reconsider its 2024 finding that KSM was substantially started, after finding the province hadn't adequately consulted the Tsetsaut Skii km Lax Ha. That consultation closed September 28. Next, Seabridge responds, the Environmental Assessment Office drafts a report, the parties review it, and a decision-maker reconsiders the designation. No decision date has been set. Why does the substantially started finding matter? It keeps KSM's 2014 environmental certificate valid. If the finding fails, Seabridge could face a new environmental review. Does KSM have First Nations support? The Nisga'a and Tahltan Nations support KSM and a renewed designation. In August, the Gitxsan Huwilp Government withdrew its 2013 letter of support for the project's environmental assessment in solidarity with the Tsetsaut Skii km Lax Ha. Is Seabridge close to finding a partner for KSM? At the Denver Gold Forum in late September, the company said it expects to announce a KSM joint venture in the near future. It has not named a partner. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Seabridge Gold Inc. and Orogen Royalties.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <div> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Seabridge were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-28 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-28 through 2026-10-28 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div> </div> <h2> </h2><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32916"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32916" width="0" height="0"> ( Companies Mentioned: SEA:TSX; SA:NYSE, ) Mon, 02 Nov 2026 00:00:00 PST Mining Co. Reports First Drill Results from Alaska VMS project https://www.streetwisereports.com/article/2026/10/29/mining-co-reports-first-drill-results-from-alaska-vms-project.html Source: <a href="https://www.streetwisereports.com/article/2026/10/29/mining-co-reports-first-drill-results-from-alaska-vms-project.html?utm_medium=feed">Streetwise Reports 10/30/2026</a> Alex Metals Corp. (ALX:TSXV; ALXMF:OTCQB) reported strong near-surface VMS intercepts, including 11.7m grading 1.71% copper and 1.92 g/t gold at the Khayyam target, plus the discovery of the Triple G target at the KSO project in Southeast Alaska.Alex Metals Corp. (ALX:TSXV; ALXMF:OTCQB) has reported its <a href="https://www.newsfilecorp.com/release/321083" target="_blank" rel="noopener">first drill results</a> from the KSO VMS project in Southeast Alaska, intersecting multiple intervals of copper-gold-rich volcanogenic massive sulphide (VMS) mineralization near surface at the Khayyam target and announcing the discovery of the new Triple G VMS target 2 km (kilometers) to the west. <h2>Key Investor Takeaways</h2> <ul> <li>Alex Metals intersected multiple near-surface copper-gold VMS intervals in its inaugural drill program at the KSO project, with the headline 11.7 m (meters) of 1.71% Cu (copper) and 1.92 g/t Au (gold) in hole KY26-009.</li> <li>The company discovered the new Triple G VMS target 2 km west of Khayyam based on SkyTEM geophysics and surface mapping, with assays pending.</li> <li>Strong grades in first-pass holes at a previously untested target in an under-explored VMS belt in Southeast Alaska support the project's discovery potential.</li> <li>The 2026 program included over 6,000 m of drilling across KSO and Wodski projects, plus extensive geophysics and sampling; multiple assay batches remain outstanding.</li> <li>Shares trade on TSXV under ALX and OTCQB under ALXMF following recent go-public financings that raised more than CA$12 million.</li> </ul> <h2>Latest Drill Results & Discoveries</h2> The October 27, 2026, <a href="https://www.newsfilecorp.com/release/321083" target="_blank" rel="noopener">news release</a> details results from six of eight first-pass holes at Khayyam. Highlights include: <ul> <li>Hole KY26-009 returning 11.7 m grading 1.71% Cu and 1.92 g/t Au, including 6.4 m grading 2.29% Cu, 2.95 g/t Au, and 1.03% Zn (zinc).</li> <li>Hole KY26-007 cut 24.2 m grading 1.05% Cu and 0.61 g/t Au, including 8.0 m grading 2.25% Cu and 0.96 g/t Au.</li> <li>Hole KY26-001 returned 5.4 m grading 2.27% Cu and 1.52 g/t Au.</li> </ul> "We staked the KSO project for its potential to host copper-gold-rich VMS mineralization and our first drill holes returned precisely that," said Gwen Preston, President and CEO of Alex Metals. "Striking multiple intervals of semimassive to massive sulphide with strong copper and gold grades in a first test of a new target is rare and promising. We are also very pleased to report the discovery of a promising new VMS target within the first few weeks at KSO." A 2025 SkyTEM electromagnetic survey outlined a large new conductive anomaly 2 km west of Khayyam, named Triple G. There, surface work has identified massive sulphide and stringer outcrops plus the largest VMS-related alteration zone seen on the property. Four holes were drilled to test the target, and assay results are pending. Alex Metals' VP Exploration Nathan Steeves said the rocks at KSO have a complex structural and metamorphic history typical of Proterozoic VMS belts. Because each deposit has unique characteristics, he noted that "exploration methods must be custom-tailored." The initial program tested surface mineralization while helping the company better understand the area's geological history and develop an exploration plan for the under-explored region, where Steeves sees "ample VMS discovery potential." Steeves also highlighted the discovery of the Triple G VMS target, located 2 km west of Khayyam. "Outcropping massive sulphide with alteration of scale is exciting to find," Steeves said, adding that the company is excited to conduct further exploration at Triple G and throughout the surrounding region. <h2>Copper and Gold Market Outlook</h2> Copper traded at approximately US$6.63 per pound on October 28, 2026, according to <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics</a>, equivalent to roughly US$14,617 per tonne. That price is approximately 29% higher than a year earlier, although copper has fluctuated following a September record near US$6.85 per pound. The market has been influenced by demand expectations, potential U.S. import tariffs, and the movement of copper inventories between regions. Demand growth is increasingly linked to electricity infrastructure. AI data centers require power-distribution equipment, cabling, transformers, and grid connections. Expanding the capacity needed to support those facilities adds to copper requirements, while electric vehicles, renewable energy, industrial electrification, and defense infrastructure create additional demand. A recent <a href="https://www.ft.com/content/e1dd8bff-b06d-4a40-bbb7-c0a6a36f1c8e">Financial Times</a><a href="https://www.ft.com/content/e1dd8bff-b06d-4a40-bbb7-c0a6a36f1c8e"> report on China's data-center construction</a> highlighted the international expansion of computing infrastructure, illustrating how investment in AI is becoming an increasingly important consideration for electricity demand and related materials. Supply growth remains a key factor in the copper outlook, but forecasts point to a more nuanced market balance than a straightforward shortage. The <a href="https://icsg.org/download/2026-10-14-press-release-icsg-copper-market-forecast-2026-2027/?wpdmdl=9365&ind=6acf5c9ee4a67&refresh=ac31f4ef&filename=2026-10-14-ICSG-Forecast-Press-Release.pdf" target="_blank" rel="noopener">International Copper Study Group's October 14, 2026, forecast</a> projected a refined copper surplus of approximately 104,000 tonnes in 2026 and 368,000 tonnes in 2027. These projections reflect anticipated production and consumption levels and could change as economic conditions, mine disruptions, and trade policies evolve. It's important to note that developing new mines can take years. Tariff uncertainty is another influence on regional copper markets. <a href="https://www.reuters.com/world/asia-pacific/trump-tariff-threat-built-us-copper-mountain-effects-are-fading-2026-10-14/" target="_blank" rel="noopener">Reuters reported on October 14, 2026,</a> that earlier U.S. tariff threats had caused American warehouses to stockpile copper, contributing to a buildup of regional inventories. Moves like this can affect availability and prices across different markets, meaning elevated U.S. prices do not necessarily indicate an equivalent shortage worldwide. The potential impact of future trade measures remains an important variable for copper producers, consumers, and investors. At the same time, gold has also experienced significant volatility after reaching a record high in January 2026. On October 28, 2026, spot gold traded near <a href="https://www.reuters.com/business/gold-slips-oil-fuelled-inflation-fears-ahead-fed-meeting-2026-10-28/" target="_blank" rel="noopener">US$4,030</a> per ounce. Rising oil prices and renewed inflation concerns contributed to the decline ahead of the Federal Reserve's policy announcement. Higher interest rates can weigh on gold by increasing the opportunity cost of holding a non-yielding asset, while a stronger U.S. dollar can create additional pressure. Longer-term demand drivers include central bank purchases, investment flows, geopolitical uncertainty, and concerns about government debt, although the balance between these factors and monetary policy will continue to influence prices. <h2>Analyst Calls Stock "Significantly Undervalued"</h2> According to an October 27 report by <a href="https://thegoldadvisor.com/silver-stock-investor/newsletters/alex-metals-locked-and-loaded-for-a-major-rerating-with-6k-metres-of-drilling-in-the-bag/" target="_blank" rel="noopener">The Silver Stock Investor analyst Ted Butler</a>, Alex Metals has gained attention due to its drilling at the Wodski and KSO projects. The report pointed to historical results at Wodski's Mad Dog prospect, including 5.4 m grading 437 g/t Ag (silver) and 22.24% combined Zn (zinc) and Pb (lead), as part of the rationale for watching the upcoming results. It also cited the company's management team's experience in Alaska and VMS exploration. The article characterized Alex Metals as "significantly undervalued" and stated that a discovery could produce a potential 50%–100% share-price gain in short order, although it did not provide a formal price target or a specific time horizon. Butler's bullish outlook is due to the pending assays and the possibility that drilling could confirm a significant VMS discovery. <h2>Catalysts at Multiple Targets</h2> According to the press release, Alex Metals completed a 3,058 m first-pass drill program at KSO focused on Khayyam, plus prospecting, mapping, UAV magnetic and photogrammetry surveys, ground and drillhole EM surveys, and soil and channel sampling. Results from Stumble-On and Triple G remain pending. The company has also completed 3,138 m of drilling at the Wodski project, with results pending, and continues work at the Frenchie project ahead of a planned 2027 drill program. <div>[GR_OWNERSHIP_11717] <div> <h2>Ownership and Share Structure1</h2> Management and insiders own approximately 26.67% of Alex Metals, with retail investors accounting for the balance. The company has roughly 45 million shares outstanding, a market capitalization of about CA$27.45 million, and a 52-week trading range of approximately CA$0.52 to CA$0.87. Insiders were buyers over the last six months, purchasing about 14,652 shares, with no verified open-market sales in that window. No current warrants and no share restructures were found in public records. </div> </div> <h2>Common Questions from Investors</h2> What did the latest drill results show? Six of eight holes at the Khayyam target returned copper- and gold-rich VMS mineralization, highlighted by 11.7 m grading 1.71% copper and 1.92 g/t gold near surface in KY26-009, plus broader intervals in other holes with copper equivalent grades up to 4.25%. Where is the KSO project located? The KSO project covers 1,413.6 ha in Southeast Alaska and hosts multiple VMS targets, including Khayyam, Stumble-On, and the newly discovered Triple G. What is the next catalyst? Pending assay results from the Triple G and Stumble-On targets at KSO, plus results from the Wodski project drilling, are expected to provide further updates on the 2026 exploration program. <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 Alex Metals 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 Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Alex Metals were compiled from the company's public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-28 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from 2026-04-28 through 2026-10-28 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32913"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32913" width="0" height="0"> ( Companies Mentioned: ALX:TSXV; ALXMF:OTCQB, ) Fri, 30 Oct 2026 00:00:00 PST Copper Explorer Hits 88 Meters of 1.6% CuEq, Makes New Skarn Discovery in Mexico https://www.streetwisereports.com/article/2026/10/29/copper-explorer-hits-88-meters-of-1-6-cueq-makes-new-skarn-discovery-in-mexico.html Source: <a href="https://www.streetwisereports.com/article/2026/10/29/copper-explorer-hits-88-meters-of-1-6-cueq-makes-new-skarn-discovery-in-mexico.html?utm_medium=feed">Streetwise Reports 10/29/2026</a> Algo Grande Copper Corp. (ALGR:TSXV; ALGRF:OTCPK; KM00:FSE) has discovered a new, gold-rich skarn at its Adelita project in Sonora, Mexico, after a step-out hole kept drilling past its original target.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Algo Grande's step-out hole AG-CG-PH2-003 discovered a new, gold-rich skarn at its Adelita project in Sonora, Mexico, which the company has named the Margarita Skarn.</li> <li>The hole returned a combined 139.81 meters of 1.3% CuEq from three separate intervals, including 87.98 meters of 1.6% CuEq at the Cerro Grande 2 zone.</li> <li>The Margarita Skarn returned 14.37 meters of 1.1% CuEq, including 1.01 meters of 6.0% CuEq with 4.98 g/t gold, along a fault the company had not previously recognized at Adelita.</li> <li>CEO Enrico Gay said the result supports the company's view that Adelita hosts a cluster of skarns, and this hole is the first to support its model of northwest-trending faults as pathways.</li> <li>Assays are pending for six more Cerro Grande holes and two at Las Trancas, and Gay expects the next results in the coming weeks.</li> <li>Copper is trading near record highs as demand from AI data centers meets tight mine supply.</li> </ul> <center> <h2>Meet the Margarita Skarn</h2> </center> <a href="https://www.streetwisereports.com/pub/co/11488?utm_medium=feed" target="_blank" rel="noopener">Algo Grande Copper Corp. (ALGR:TSXV; ALGRF:OTCPK; KM00:FSE)</a> has discovered a new, gold-rich skarn at its Adelita project in Sonora, Mexico, after step-out hole AG-CG-PH2-003 kept drilling past its original target, <a href="https://algo-grande.com/news/algo-grande-copper-makes-new-skarn-discovery-at-adelita-step-out-hole-ag-cg-ph2-003-returns-a-combined-139.81-metres-of-1.3-cueq-from-cerro-grande-and-the-new-margarita-skarn" target="_blank" rel="noopener">according to an October 28 release</a>. The hole returned a combined 139.81 meters of 1.3% copper equivalent (CuEq) from three separate intervals at Cerro Grande and the new zone, which the company has named the Margarita Skarn. The discovery sits along a fault the company had not previously recognized as a control on mineralization at Adelita. Chief Executive Officer Enrico Gay said that matters as much as the grades. "It's the first time we essentially discover a brand-new skarn on top of the one we already have," he told Streetwise Reports. Gay said the result supports the company's view that Adelita hosts more than one skarn body. "The big thing here is that we think we have a cluster system of skarns, and this is the first time we test a new fault, a new structure, and we hit a new skarn," he said. "So it's a pretty good batting rate so far." <center> <h2>Keep the Drills Turning</h2> </center> The hole was first planned to reach about 450 meters to test an expansion of the main Cerro Grande skarn, Gay said. It hit that target, returning 87.98 meters of 1.6% CuEq from 196.35 meters at the Cerro Grande 2 zone. That interval graded 1.03% copper, 47.1 grams per tonne (g/t) silver, and 0.35 g/t gold, and it included 7.4 meters of 5.2% CuEq and 1.95 meters of 9.8% CuEq. "But then we decided to keep the drills turning because we were continuing to see the right rocks," Gay said. Deeper in the hole, the drill cut four mineralized skarns across a 109.71-meter span starting at 473.09 meters, which the company calls Cerro Grande 3. That extends Cerro Grande to about 485 meters of vertical depth. About 40 meters below that, the hole hit the Margarita Skarn, returning 14.37 meters of 1.1% CuEq from 624.47 meters, including 1.01 meters of 6.0% CuEq with 2.1% copper and 4.98 g/t gold. Margarita lies at about 530 meters of vertical depth and about 250 meters from Cerro Grande 2 mineralization in a Phase I hole. Vice President of Exploration João Rocha called the find "a major breakthrough," describing Margarita as a different style of skarn that is richer in gold. All intervals are downhole lengths, and true widths have not been determined. <center> <h2>Following the Faults</h2> </center> The company now believes a series of northwest-trending faults, which it labels F1NW through F4NW, acted as pathways for the skarns to form. This hole is the first to support that model, and Margarita appears to follow the F3NW fault, which still needs more drilling to test. Reprocessed geophysics and mapping also suggest a porphyry system may exist at depth. The 5,895-hectare Adelita project lies in the Arizona-Sonora copper belt, and geophysical continuity at Cerro Grande extends for more than 7 kilometers. The company says the property remains open for discovery beyond the Cerro Grande footprint. <center> <h2>More Holes in the Pipeline</h2> </center> Gay said the latest hole is the company's biggest yet, but not its last. "This is a pretty significant drill hole. We have more coming," he said. "So this is by no means the end." He said the company expects its next results in the coming weeks. More than 4,000 meters of the planned 7,200-meter Phase II program have been drilled. Assays are pending for holes PH2-004 through PH2-009 at Cerro Grande and for two holes at Las Trancas, and drilling continues at both. A ground gravity survey began on October 22 to help identify more targets. <center> <h2>Newsletter Writer Sees the Potential for a 'Giant Discovery'</h2> </center> Bob Moriarty of 321gold.com has followed Algo Grande since its early days, and he flagged the hole behind today's news well before its assays came out. In a <a href="http://www.321gold.com/editorials/moriarty/moriarty091426.html" target="_blank" rel="noopener">September 14 commentary</a>, written after the first Phase II results, he noted that holes 003 through 005 had been completed and visually showed long intervals of copper mineralization. "When those assays are reported, it could blow the lid off the price of the shares," he wrote. <blockquote class="callOut left">"I have believed since I was first informed about the company that they had the potential for a giant discovery," Bob Moriarty wrote. </blockquote> At the time, Moriarty was reacting to the first reported Phase II hole, which included a high-grade core of 3.55 meters of 5.26% copper, 311.8 g/t silver, and 2.22 g/t gold. Combined with the Phase I drilling and results from the project's prior operator, he said, it showed "a system with district-scale potential." "I have believed since I was first informed about the company that they had the potential for a giant discovery," Moriarty wrote. He added that everything since had led him to believe the company is "absurdly underpriced." He also pointed to the project's location. Sonora produces about 80% of Mexico's copper, and Moriarty sees growing demand for the metal. "The world needs more copper. A great deal more," he wrote in <a href="https://www.streetwisereports.com/article/2026/06/16/co-begins-drilling-giant-copper-project-in-mexico.html?utm_medium=feed" target="_blank" rel="noopener">June.</a> <center> <h2>AI's Copper Appetite</h2> </center> Copper is trading near record highs as demand from artificial intelligence (AI) runs up against tight mine supply. The metal traded at about US$6.61 a pound on Wednesday, up about 28% from a year earlier and not far below its record of US$6.85 set in September, <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">according to Trading Economics</a>. Prices have swung with sentiment around the AI trade this month, along with U.S. tariff uncertainty and labor strikes at major mines. AI is a big part of the demand story. Data centers use roughly 27 to 33 tonnes of copper for every megawatt of capacity, according to industry estimates <a href="https://tomshardware.com/tech-industry/ai-data-center-buildout-pushes-copper-toward-shortages-analysts-warn" target="_blank" rel="noopener">reported by Tom's Hardware</a>, and AI campuses are routinely designed in blocks of 50 to 150 megawatts. That's before counting the grid upgrades needed to power them. Supply isn't keeping up. Global primary copper supply could face a 25% deficit by 2035 under current policies, the International Energy Agency said in a July report, <a href="https://timesofoman.com/article/174904-copper-supply-may-face-25-deficit-by-2035-despite-record-prices-iea">according to the Times of Oman</a>. Average ore grades have fallen 40% since 1991, and only 5% of the copper deposits found over the past 35 years were discovered in the last decade. That scarcity of new discoveries is what makes finds like Algo Grande's matter, especially in a region like Sonora, which already produces most of Mexico's copper. Gold adds another layer to the story, since the Margarita Skarn is richer in gold than Cerro Grande. Gold traded at about US$4,060 an ounce on Wednesday morning ahead of the U.S. Federal Reserve's rate decision, <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-price-today-wednesday-october-28-2026-gold-prices-remain-below-4100-ahead-of-the-fed-rate-decision-110708338.html" target="_blank" rel="noopener">according to Yahoo!Finance</a>, holding well above where it traded just a few years ago. Central banks keep buying, adding 288.9 tonnes in Q2 alone, according to World Gold Council figures <a href="https://upstox.com/news/personal-finance/commodities/3-gold-demand-trends-in-q2-2026-jewellery-and-et-fs-fall-central-bank-buying-soars-411/article-198103/" target="_blank" rel="noopener">reported by Upstox</a>. Bank of America has said US$5,000 an ounce remains within reach once the Fed's tightening cycle ends, <a href="https://in.marketscreener.com/news/bofa-cuts-2026-average-gold-forecast-sees-long-term-upside-ce7f5ed9db80f42d" target="_blank" rel="noopener">according to Reuters</a>. For an explorer finding both copper and gold, that's a strong backdrop.[OWNERSHIP_CHART-11488] <center> <h2>Ownership and Share Structure1</h2> </center> Algo Grande's market cap is CA$32.2 million. It has 50.44 million shares outstanding, with a 52-week range of CA$0.35 to CA$1.00. Institutions own 10.9% of shares, while management and insiders own 33.4%. The remainder is held by retail investors. <center> <h2>Common Questions from Investors</h2> </center> What did Algo Grande's latest hole find? Hole AG-CG-PH2-003 returned 87.98 meters of 1.6% CuEq at Cerro Grande 2, cut four skarns at Cerro Grande 3, and discovered the new Margarita Skarn, which returned 14.37 meters of 1.1% CuEq. The combined 139.81 meters of 1.3% CuEq is the total of three separate intervals, not one continuous intercept. True widths have not been determined. What makes the Margarita Skarn different? Vice President of Exploration João Rocha described it as a different style of skarn that is richer in gold. It sits along a fault the company had not previously recognized as a control on mineralization, about 250 meters from Cerro Grande 2 mineralization in a Phase I hole. Why does the new fault matter? The company believes a series of northwest-trending faults acted as pathways for the skarns to form, and this hole is the first to support that model. Gay said it's the first time the company has tested a new fault and hit a new skarn. The F3NW fault still needs more drilling to test. What comes next at Adelita? More than 4,000 meters of the planned 7,200-meter Phase II program have been drilled. Assays are pending for holes PH2-004 through PH2-009 at Cerro Grande and two holes at Las Trancas, and a ground gravity survey began on October 22 to help identify more targets. Where is the Adelita project? The 5,895-hectare project is in Sonora, Mexico, in the Arizona-Sonora copper belt. Sonora produces about 80% of Mexico's copper. <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>Algo Grande Copper 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 Algo Grande 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=32912"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32912" width="0" height="0"> ( Companies Mentioned: ALGR:TSXV;ALGRF:OTCPK;KM00:FSE, ) Thu, 29 Oct 2026 00:00:00 PST Gold Explorer Advances Nevada Project as US Midterms Put Gold Market in Focus https://www.streetwisereports.com/article/2026/11/02/gold-explorer-advances-nevada-project-as-us-midterms-put-gold-market-in-focus.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/gold-explorer-advances-nevada-project-as-us-midterms-put-gold-market-in-focus.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> Star Gold Corp. (SRGZ:OTCQB) has secured a long-term water-rights lease for its Longstreet Gold-Silver Project as investors weigh how the November 3 U.S. midterm elections could affect gold prices through fiscal policy, geopolitical risk, and monetary expectations.The November 3, 2026, U.S. midterm elections are approaching as gold investors assess the potential implications of changes in congressional control. The outcome could influence the administration's legislative agenda, spending plans and approach to geopolitical conflicts, with possible consequences for gold prices. <h2>Key Takeaways</h2> <ul> <li>The November 3 U.S. midterm elections could influence gold through changes in fiscal policy, geopolitical risk, and expectations for the U.S. dollar and interest rates, according to the World Gold Council.</li> <li>Gold's response to election results has historically been inconsistent, with subsequent economic and monetary policies generally more consequential than the outcome itself.</li> <li>Star Gold has secured a long-term lease covering 2,471 acre-feet of water rights for its Longstreet Gold-Silver Project in Nevada, supporting planned operations and potential expansion.</li> <li>The company's September 2026 Preliminary Economic Assessment (PEA) estimated a pre-tax net present value (NPV) of US$87 million and a pre-tax internal rate of return (IRR) of 48% at assumed gold and silver prices of US$3,600 per ounce and US$48 per ounce, respectively.</li> <li>Star Gold's next steps include advancing engineering and permitting work, with a production Plan of Operations filing targeted for Q1 2027.</li> </ul> <h2>U.S. Midterms Could Influence Gold Through Policy</h2> In its October 22 report, <a href="https://www.gold.org/goldhub/gold-focus/2026/10/gold-and-midterms-time-different" target="_blank" rel="noopener">Gold and Midterms: Is This Time Different?</a>, the World Gold Council (WGC) said prediction markets favored Democrats regaining control of at least part of Congress. The council noted that U.S. elections have not historically produced a consistent or significant effect on gold prices. Instead, the policies that follow elections have generally mattered more than the results themselves. The WGC identified several potential channels through which a Democratic-controlled House or Senate could affect gold, including fiscal policy, war funding, AI regulation, and the administration's use of executive powers. These outcomes remain uncertain, and their effects on gold would depend on how they influence economic expectations and financial markets. A Democratic-controlled Congress could constrain the administration's legislative agenda and spending plans. The resulting changes in deficit expectations, inflation concerns, bond yields, and the U.S. dollar could influence gold's appeal. However, the relationship is not straightforward, as reduced deficit concerns could weigh on gold, while an expanding deficit could support demand for the metal as a safe-haven asset. On another front, geopolitical developments could also influence prices. The WGC said restrictions on war funding could encourage de-escalation of the Iran conflict, potentially easing energy prices and inflation expectations. The council said tighter AI regulation or reduced policy support could affect technology valuations and investment expectations. If market weakness contributes to slower economic growth, lower yields, or a weaker dollar, gold could benefit. Greater political conflict between Congress and the administration could also increase uncertainty and support demand for defensive assets. A Republican victory could have mixed effects, the WGC noted, while potentially reinforcing global investors' willingness to maintain gold holdings. The council emphasized that the election's ultimate impact will depend on the policies and market conditions that follow. <h2>Gold Prices Fall Below US$4,000 as Inflation Revives Rate-Hike Concerns</h2> <a href="https://www.kitco.com/news/off-the-wire/2026-10-30/gold-hits-3-12-month-low-fed-hike-fears-set-monthly-loss" target="_blank" rel="noopener">Gold prices fell below US$4,000 per ounce</a> on October 30, 2026, extending a sharp October correction as persistent U.S. inflation, rising energy costs, and expectations of additional Federal Reserve interest-rate increases weighed on bullion. At the time of writing, the metal was <a href="https://www.kitco.com/news/off-the-wire/2026-10-30/gold-hits-3-12-month-low-fed-hike-fears-set-monthly-loss" target="_blank" rel="noopener">down approximately 4.3% for October</a> and heading for a second consecutive monthly decline. The latest decline followed stronger-than-expected U.S. economic growth and accelerating inflation. U.S. GDP expanded more than anticipated in Q3, while September inflation increased as consumers paid more for gasoline and other goods. The Federal Reserve held interest rates steady at its October meeting, but persistent price pressures have strengthened expectations that policymakers could raise rates again in December. Higher interest rates generally weigh on gold because the non-yielding metal becomes less attractive relative to interest-bearing investments. For investors watching the November 3 U.S. midterm elections, the correction adds another variable to the gold outlook. Congressional control could influence fiscal policy, geopolitical funding, and the administration's regulatory agenda, but the immediate direction of bullion will also depend on inflation, Federal Reserve policy, energy prices, and the U.S. dollar. The <a href="https://www.gold.org/goldhub/gold-focus/2026/10/gold-and-midterms-time-different" target="_blank" rel="noopener">World Gold Council's October</a> analysis emphasized that the policies following an election, rather than the result itself, are generally more consequential for gold. Consequently, the midterms could influence the metal's longer-term outlook without necessarily reversing its current downward momentum. <h2>Star Gold Advances Longstreet Gold-Silver Project</h2> Against this market backdrop, <a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a> is advancing its 100%-owned Longstreet Gold-Silver Project in Nevada's Walker Lane Belt, approximately 57 miles northeast of Tonopah. On October 27, 2026, the company announced that it had secured a long-term lease covering 2,471 acre-feet of water rights for the project. According to the company's <a href="https://stargoldcorp.com/news/star-gold-corp-secures-long-term-lease-water-rights-longstreet" target="_blank" rel="noopener">announcement</a>, preliminary water-balance work estimates annual consumption of approximately 600 acre-feet, or about 720 acre-feet when a 30% contingency is included. The leased supply is approximately 3.4 times that contingency-adjusted estimate. Star Gold said the agreement establishes a defined water-supply assumption for detailed design engineering and is intended to accommodate planned heap-leach operations and potential expansion as additional resources are confirmed. "Water availability sits underneath almost every engineering decision on a heap leach project, from pad and pond sizing through to the solution balance itself," said Reinis Sipols, the company's director of project management, in the announcement. He said the agreement allows consultants to use a defined water-supply figure in detailed design rather than a range of assumptions. The water-rights lease follows <a href="https://www.gurufocus.com/news/8920635/star-gold-corp-receives-blm-approval-to-advance-development-program-at-longstreet-project" target="_blank" rel="noopener">other project milestones</a>. The U.S. Forest Service approved Star Gold's Plan of Operations in May 2026, and the Bureau of Land Management approved a development work program in June. In September, Star Gold announced <a href="https://www.gurufocus.com/news/9091881/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longstreet-goldsilver-project-in-nevada" target="_blank" rel="noopener">a positive PEA</a>. At assumed prices of US$3,600 per ounce of gold and US$48 per ounce of silver, the study estimated a pre-tax NPV of US$87 million at a 5% discount rate and a pre-tax IRR of 48%. Its after-tax estimates were an NPV of US$67 million and an IRR of 40%. A sensitivity scenario using gold at US$4,000 per ounce and silver at US$60 per ounce estimated a pre-tax NPV of US$122 million and an IRR of 63%. These figures are preliminary study estimates based on specific metal-price assumptions, not guarantees of future project performance. The PEA evaluated a conventional open-pit, crushed heap-leach operation processing approximately 5,500 tons of ore per day. Further engineering, environmental review, permitting, financing, and execution remain necessary before the project could proceed to production. <h2>Future Catalyst Outlook</h2> The final permit to begin production for the Main resource site is expected in Q3 or Q4 of 2027. In an exclusive comment to Streetwise Reports, CEO Lindsay Gorrill said, "The new economic assessment Net Present Value at a 5% discount using US$4,000 gold is US$122 million, which is four times higher than our current market cap. We continue to move as fast as we can to file our permit to move toward production, which unlocks the true value of what we have." <div> <div> <div>[GR_OWNERSHIP_6021] <div> <h2>Ownership and Share Structure1</h2> Management and insiders own approximately 20.40% of Star Gold, while institutions hold about 15.60%, with retail investors accounting for the balance. The largest disclosed holders include Myrmikan Capital LLC / Myrmikan Gold Fund LLC (15.60%), Lindsay Edward Gorrill (15.30%), Thomas Power (2.40%), David Segelov (1.80%), and Gerard Pascale (0.18%). The company has roughly 204.71 million shares outstanding and a market capitalization of about US$30.6 million. No verified insider open-market buys or sells were found for the last six months. One series of warrants remains outstanding. Public records show one historical share restructure. </div> </div> </div> </div> <h2>Common Questions From Investors</h2> How could the 2026 US midterms affect gold prices? The election could influence gold through changes in fiscal policy, geopolitical risk, AI regulation, and expectations for the U.S. dollar and interest rates. The World Gold Council says the policies that follow an election have historically mattered more than the result itself. What is Star Gold's latest development milestone? On October 27, 2026, Star Gold announced a long-term lease covering 2,471 acre-feet of water rights for its Longstreet Gold-Silver Project. The company said the lease supports planned operations and allows detailed design engineering to advance using a defined water-supply assumption. What did Star Gold's September 2026 PEA estimate? At assumed prices of US$3,600 per ounce of gold and US$48 per ounce of silver, the PEA estimated a pre-tax NPV of US$87 million at a 5% discount rate and a pre-tax IRR of 48%. A sensitivity scenario using US$4,000 gold and US$60 silver estimated a pre-tax NPV of US$122 million and a pre-tax IRR of 63%. What are Star Gold's next catalysts? The company plans to advance detailed engineering and permitting work, with a production Plan of Operations filing targeted for the first quarter of 2027. Further technical and environmental work and regulatory approvals are required before potential production. Where is the Longstreet Gold-Silver Project located? The project is located in Nevada's Walker Lane Belt, approximately 57 miles northeast of Tonopah. Star Gold describes the property as covering approximately 2,600 acres. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Star Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Star Gold Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Star Gold were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-10-29 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-10-29 and excludes option exercises. These are public-source estimates and can differ from a later official register.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32909"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32909" width="0" height="0"> ( Companies Mentioned: SRGZ:OTCQB, ) Mon, 02 Nov 2026 00:00:00 PST How Glaciers Are Leading One Explorer to Hidden Québec Gold https://www.streetwisereports.com/article/2026/10/28/how-glaciers-are-leading-one-explorer-to-hidden-qu-eacute-bec-gold.html Source: <a href="https://www.streetwisereports.com/article/2026/10/28/how-glaciers-are-leading-one-explorer-to-hidden-qu-eacute-bec-gold.html?utm_medium=feed">Streetwise Reports 10/28/2026</a> Harvest Gold Corp. (HVG:TSX.V; HVGDF:OTCMKTS) is following a trail of gold grains left by glaciers to search for gold buried under thick cover at its Urban Barry property in Québec. Find out what one technical analyst sees in the stock's chart.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>Harvest Gold is using glacial till sampling to search for gold hidden under the extensive overburden that covers much of its Urban Barry property in Québec.</li> <li>A fall 2025 till survey of 137 samples recovered 1,175 gold grains and outlined a dispersal train about 2.5 kilometers long and 1.3 kilometers wide in the property's northwest.</li> <li>The area of the dispersal train holds 30% of the pristine gold grains found on the project, and grains that still look pristine have likely not traveled far from their source.</li> <li>Harvest plans field reconnaissance and geological mapping near the dispersal train to help prioritize future drilling.</li> <li>Harvest earned a 100% interest in Urban Barry in September, subject to a 2% net smelter return royalty retained by EGR Exploration.</li> <li>Gold is still trading near US$4,000 an ounce, and central bank buying has remained strong.</li> </ul> <center> <h2>Reading the Ice</h2> </center> Gold at <a href="https://www.streetwisereports.com/pub/co/299?utm_medium=feed" target="_blank" rel="noopener">Harvest Gold Corp.'s (HVG:TSX.V; HVGDF:OTCMKTS)</a> Urban Barry property in Québec may be concealed by thick glacial deposits, but the glaciers that left this material behind also left a trail. The property contains prospective volcanic and intrusive rocks, as well as major structures favorable for gold, but extensive overburden covers much of the area, <a href="https://www.streetwisereports.com/article/2026/09/22/gold-explorer-secures-massive-quebec-land-package.html?utm_medium=feed" target="_blank" rel="noopener">the company has said</a>. To see through that cover, Harvest is using glacial till sampling. A <a href="https://wwww.stockwatch.com/News/Item/Z-C!HVG-3812669/C/HVG?fmt=orig" target="_blank" rel="noopener">fall 2025 survey</a> outlined a gold grain dispersal train about 2.5 kilometers long and 1.3 kilometers wide in the northwest part of the property, giving the company a direction to follow toward a possible bedrock source. <center> <h2>How Till Points the Way</h2> </center> During the last ice age, glaciers scraped across the landscape, breaking off pieces of bedrock and carrying them along. When the ice melted, it dropped that material as till, a mix of clay, sand, gravel, and boulders that now blankets much of the region. If a glacier passed over a gold-bearing rock, it picked up gold grains along with everything else and spread them out in the direction the ice was moving. That leaves a fan- or ribbon-shaped trail of gold grains, known as a dispersal train, that grows fainter with distance. By sampling the till, counting the gold grains in each sample, and mapping where the counts are highest, geologists can work back up-ice toward where the gold came from. The shape of the grains adds another clue. Gold is soft, so grains that travel a long way in the ice get bent, folded, and worn. Grains that still look pristine, with sharp edges and delicate shapes intact, have likely not traveled far from their source. <center> <h2>1,175 Grains of Gold</h2> </center> In fall 2025, IOS ran a regional till survey for Harvest, collecting 137 samples by hand shovel, according to an <a href="https://www.harvestgoldcorp.com/news/news-details/2026/HARVEST-GOLD-PROVIDES-COMPREHENSIVE-UPDATE-ROSEBUD-PROJECT-NEVADA-MOSSEAU-AGREEMENT-WITH-VIOR-AND-EIGHT-MONTH-PROGRESS-REPORT-ON-URBAN-BARRY-BELT-PROPERTIES-QUEBEC/default.aspx" target="_blank" rel="noopener">April 29 release</a>. The sampling lines ran perpendicular to the main direction of ice flow, the release said. It also said most samples came from a depth of at least one meter, targeting the lodgment till, which the company said typically holds the highest share of material from nearby up-ice sources. The samples yielded 1,175 gold grains, an average of 10.52 grains per sample, with a maximum of 27. Eight samples were anomalous for gold grain count, mostly in the northwest part of the property. Those samples outlined the dispersal train, which runs along the main direction of the last glacial ice flow, to the southwest. The train itself is made up mostly of modified gold grains, but its area also holds 30% of the pristine gold grains found on the project. Three samples at the up-ice end of the train showed anomalous nickel and chromium, which may indicate ultramafic rocks. Other sample clusters were enriched in cobalt, nickel, silver, and zinc. Harvest plans to combine the till results with its existing data, then carry out field reconnaissance and geological mapping of outcrops near the dispersal train to prioritize future drilling. <center> <h2>Building a Belt-Scale Land Package</h2> </center> Urban Barry is 19 kilometers long and averages about 4 kilometers wide. Harvest completed its earn-in in September for a 100% interest, subject to a 2% net smelter return royalty retained by EGR Exploration Ltd. (EGR:TSXV), <a href="https://www.harvestgoldcorp.com/news/news-details/2026/Harvest-Gold-Earns-a-100-Interest-in-its-Urban-Barry-Project-in-the-Quebec-Abitibi-Region-Corrects-Wording-from-its-August-12-2026-Release/default.aspx" target="_blank" rel="noopener">according to a September 21 release from the company</a>. Harvest can buy back half of that royalty for CA$1 million. It must also issue EGR another 1 million shares if the property reaches an NI 43-101 Inferred resource of at least 1 million ounces of gold equivalent. The property lies in the same greenstone belt as Gold Fields Ltd.'s (GFI:NYSE; GFI:JSE) Windfall deposit. At its Mosseau property, Harvest has outlined eight gold dispersion trains, three of them associated with the Kiask River Corridor. Talks there with the Lac Simon First Nation have moved more slowly than expected, and Harvest has not yet secured a driller. However, the company says Mosseau is suitable for winter drilling, and the planned program of about 4,000 meters remains fully funded, <a href="https://www.harvestgoldcorp.com/news/news-details/2026/Harvest-Gold-Provides-Update-To-Shareholders/default.aspx" target="_blank" rel="noopener">the company has said</a>. <center> <h2>A Century of Gold</h2> </center> Harvest's properties lie in the broader Abitibi region, home to one of the world's most productive gold belts. The Abitibi greenstone belt spans northern Ontario and southern Québec and is one of the largest and best-preserved Neoarchean greenstone belts in the world, <a href="https://investingnews.com/innspired/gold-exploration-abitibi-gold-belt-canada/" target="_blank" rel="noopener">according to the Investing News Network</a>. The belt has been mined continuously since the 1920s. More than 100 mines have been developed in the belt since 1901, and together they have produced more than 200 million ounces (Moz) of gold. Including that production plus reserves and measured and indicated resources, the belt's gold is estimated at about 300 Moz. At least 15 of its mines have each produced more than 3.5 Moz, and the average deposit grade is higher than the global average, the Investing News Network said. In 2019, Ontario and Québec accounted for more than 75% of Canada's gold production, and the region is known for its mining-friendly policies. Closer to home, Harvest's stock chart has also caught a technical analyst's eye. In an October 15 update, technical analyst Stewart Thomson told Streetwis Reports that the stock had formed a large base pattern on its monthly chart. He identified CA$0.04 as key support and named CA$0.14 and CA$0.30 as key resistance levels where investors could consider booking profits. <center> <h2>Gold's Long-Term Case Holds</h2> </center> Gold is still trading at historically high levels, even after a pullback this year. Spot gold traded at about US$4,012 an ounce on Tuesday morning, <a href="https://www.investorideas.com/news/2026/mining/10274-daily-gold-trading-report-tuesday-october-27-2026.asp" target="_blank" rel="noopener">according to an Investor Ideas trading report</a>, after reclaiming the US$4,000 level on Monday. That's down from an all-time high of US$5,501.70 on January 29, based on the LBMA morning price, <a href="https://sdbullion.com/gold-prices-2026" target="_blank" rel="noopener">according to SD Bullion's price history</a>. But it's still well above where gold traded just a few years ago, which keeps the economics strong for explorers and developers. Central banks are a big reason the floor has held. In Q2 2026, central banks and other institutions bought 288.9 tonnes of gold, up 62% from a year earlier, according to World Gold Council figures <a href="https://upstox.com/news/personal-finance/commodities/3-gold-demand-trends-in-q2-2026-jewellery-and-et-fs-fall-central-bank-buying-soars-411/article-198103/" target="_blank" rel="noopener">reported by Upstox</a>. The council said central banks "remain on course for another strong year of net purchases." Some major banks still see more upside ahead. Bank of America cut its 2026 average forecast to US$4,360 an ounce in July, citing a more hawkish U.S. Federal Reserve, but said US$5,000 remains within reach once the Fed's tightening cycle ends, <a href="https://in.marketscreener.com/news/bofa-cuts-2026-average-gold-forecast-sees-long-term-upside-ce7f5ed9db80f42d" target="_blank" rel="noopener">according to Reuters</a>. Geopolitical risk is another potential tailwind. Traders are watching the Strait of Hormuz, where an escalation could lift gold's appeal as a safe haven. [OWNERSHIP_CHART-299] <center> <h2>Ownership and Share Structure1</h2> </center> Harvest Gold's management and board members own 5% of the company. Crescat Capital LLC has 19.9%, and other institutions own 11.5%. Retail investors own the rest. It has 179.38 million shares outstanding. Its market cap is CA$4.48 million, and its 52-week range is CA$0.025–CA$0.095 per share. <center> <h2>Common Questions from Investors</h2> </center> What is glacial till sampling, and why is Harvest using it? Till is the clay, sand, gravel, and boulders that glaciers dropped as they melted. If a glacier passed over gold-bearing rock, it spread gold grains in the direction the ice moved. By counting gold grains in till samples, geologists can trace them back up-ice toward their source. Harvest is using the method because extensive overburden covers much of Urban Barry. What did Harvest's survey find? The fall 2025 survey of 137 samples recovered 1,175 gold grains, an average of 10.52 per sample. Eight samples were anomalous for gold grain count, mostly in the northwest, and they outlined a dispersal train about 2.5 kilometers long and 1.3 kilometers wide. Why does the shape of the gold grains matter? Gold is soft, so grains get bent and worn as they travel in the ice. Pristine grains have likely not traveled far from their source. The dispersal train itself is made up mostly of modified grains, but its area holds 30% of the pristine grains found on the project. What comes next at Urban Barry? Harvest plans to combine the till results with its existing data, then carry out field reconnaissance and geological mapping of outcrops near the dispersal train to prioritize future drilling. What is the status at Mosseau? Talks with the Lac Simon First Nation have moved more slowly than expected, but the planned winter drill program remains fully funded. What does the technical picture look like? In an October 15 update, technical analyst Stewart Thomson said the stock has formed a large base pattern on its monthly chart. He identified CA$0.04 as key support and CA$0.14 and CA$0.30 as key resistance levels. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Harvest Gold Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. In addition, Harvest Gold Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Harvest Gold Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32907"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32907" width="0" height="0"> ( Companies Mentioned: HVG:TSX.V;HVGDF:OTCMKTS, ) Wed, 28 Oct 2026 00:00:00 PST Liberia Courts US$3B in Mining Investment as Gold Co. Joins Industry Discussions https://www.streetwisereports.com/article/2026/11/02/liberia-courts-us-3b-in-mining-investment-as-gold-co-joins-industry-discussions.html Source: <a href="https://www.streetwisereports.com/article/2026/11/02/liberia-courts-us-3b-in-mining-investment-as-gold-co-joins-industry-discussions.html?utm_medium=feed">Streetwise Reports 11/02/2026</a> Zodiac Gold Inc. (ZAU:TSX.V; ZAUIF:OTCQB; K19:XFRA) participated as a sponsor of Liberia's inaugural international mining and energy conference, where government officials outlined plans to attract investment and expand domestic mineral processing.Zodiac Gold participated in <a href="https://limec-liberia.com" target="_blank" rel="noopener">Liberia's inaugural International Mining & Energy Conference and Expo (LIMEC 2026)</a>, where government officials and industry leaders discussed investment opportunities, regulatory priorities, and the country's mining and energy development plans. Following the two-day event, CEO David Kol described the conference as a success, while Liberian president Joseph Nyuma Boakai Sr. outlined plans to expand domestic mineral processing and attract new investment to Liberia's resource sector. <h2>Key Takeaways</h2> <ul> <li>Zodiac Gold sponsored the inaugural Liberia International Mining & Energy Conference and Expo (LIMEC 2026), held October 28-29 in Monrovia.</li> <li>CEO David Kol participated as a panelist and described the event as a success, citing participation from government and industry stakeholders, including President Joseph Nyuma Boakai Sr.</li> <li>President Boakai outlined plans to establish a national mining company and gold refinery, emphasizing domestic mineral processing and greater economic value from Liberia's resources.</li> <li>Liberia is promoting approximately US$3 billion in projected mining and energy investment, alongside proposed regulatory reforms and infrastructure development.</li> <li>Zodiac continues to advance exploration at its 2,316-square-kilometer Todi Gold Project, where recent trenching and soil-sampling results have expanded identified gold trends.</li> </ul> <h2>The Inaugural Conference</h2> <a href="https://www.streetwisereports.com/pub/co/10927?utm_medium=feed" target="_blank" rel="noopener">Zodiac Gold Inc. (ZAU:TSX.V; ZAUIF:OTCQB; K19:XFRA)</a>, a gold explorer advancing the Todi Gold Project in Liberia, participated as a bronze sponsor in the country's inaugural Liberia International Mining & Energy Conference and Expo (LIMEC 2026), held October 28-29 at the Farmington Hotel. The conference brought together government officials, mining and energy companies, investors, development partners, and other industry stakeholders to discuss investment opportunities and the country's resource-development priorities. CEO David Kol participated as a panelist in the conference's opening-day mining and energy discussions. In a statement following the event, Kol described the inaugural conference as a success, highlighting the participation of senior government officials and industry representatives. "The inaugural Liberia International Mining & Energy Conference was a clear success," Kol said. "The depth of the discussions over two days, and the presence of so many key stakeholders — including His Excellency President Joseph Nyuma Boakai, Sr. — demonstrated a genuine shared commitment to building a sustainable mining and energy future for Liberia." He added that he was "honored to take part as a panelist" and that Zodiac was proud to sponsor the event. Kol also said the company looks forward to LIMEC 2027. One of the conference's central developments came during President Boakai's October 28 opening address. According to an <a href="https://www.emansion.gov.lr/media/press-release/president-boakai-moves-establish-national-mining-company-and-gold-refinery-says" target="_blank" rel="noopener">announcement from Liberia's Executive Mansion</a>, the president outlined plans to establish a national mining company and a gold refinery. He emphasized the importance of moving beyond raw mineral exports toward domestic processing, industrial development, infrastructure, and employment. The president's remarks reflected a broader government objective of retaining more economic value from Liberia's mineral resources. The announcement also placed domestic processing and mineral-sector development among the issues discussed during the conference. The two-day program covered a range of mining and energy priorities, including iron ore expansion, critical minerals, mining finance, regulatory reform, renewable energy, rural electrification, and infrastructure. According to the <a href="https://limec-liberia.com/programme/" target="_blank" rel="noopener">official LIMEC program</a>, sessions also examined the proposed mining code, investment agreements, local-content requirements, railway and port development, and financing structures for resource projects. Post-conference reporting from <a href="https://thedaylight.org/2026/" target="_blank" rel="noopener">The DayLight</a> said the event attracted more than 250 delegates and concluded with discussions around future partnerships, artisanal mining integration, and renewable energy targets. The report also noted calls for a review of Liberia's minerals and mining laws. <h2>Liberia's Mining and Energy Investment Outlook</h2> Liberia is presenting its mineral resources and energy potential as opportunities for new domestic and international investment. Government officials and conference organizers have promoted approximately US$3 billion in projected mining and energy investment, alongside ambitions to expand iron ore production, develop gold and critical mineral resources, improve electricity access, and strengthen infrastructure. The conference program highlighted several policy and development priorities: <ul> <li>Discussions addressed the proposed mining code, investment agreements, royalties, and potential state participation in mining projects. </li> <li>Officials discussed production expansion, global steel demand, pricing, investment requirements, and the infrastructure needed to support exports.</li> <li>Conference materials highlighted opportunities involving lithium, cobalt, manganese, neodymium, and uranium, alongside the importance of geological data and further resource evaluation.</li> <li>The conference covered workforce training, technology transfer, domestic procurement, and opportunities for Liberian suppliers and service companies.</li> <li>Other sessions addressed renewable energy, rural electrification, transmission networks, railway rehabilitation, port upgrades, and power requirements for mining operations.</li> </ul> The government also highlighted a target of obtaining 75% of its national energy mix from renewable sources. Reaching that objective would require investment in generation, transmission, and distribution infrastructure, as well as greater private-sector participation. The proposed policy changes and investment objectives could influence the operating environment for companies exploring and developing mineral resources in Liberia. <h2>The Gold Market Leading Up to U.S. Midterms</h2> Gold prices have retreated considerably from their January 2026 record highs. Following a sharp late-October sell-off, spot gold traded below US$3,900 per ounce on October 30, reflecting financial-market liquidations and expectations for restrictive monetary policy. Shifting expectations for Federal Reserve interest-rate policy, changes in investor positioning and broader financial-market liquidations have contributed to the decline. On November 2, 2026, spot gold was trading near <a href="https://www.kitco.com/charts/gold" target="_blank" rel="noopener">US$3,900</a> per ounce following a sharp late-October sell-off. Longer-term demand drivers include central bank purchases, investment activity, geopolitical uncertainty, and concerns surrounding government debt. In its <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2026/outlook" target="_blank" rel="noopener">July 30, 2026, Gold Demand Trends: Q2 2026 outlook</a>, the World Gold Council identified investment as the primary expected contributor to gold demand growth through the remainder of the year. Central banks were also expected to remain significant buyers, although annual net purchases were projected to fall below 2025 levels. Despite recent volatility, longer-term price forecasts remain elevated. <a href="https://www.kitco.com/news/article/2026-10-20/cibc-slashes-gold-price-forecasts-sees-recovery-5200-2027-central-bank" target="_blank" rel="noopener">CIBC Capital Markets</a> projected an average gold price of US$5,200 per ounce in 2027, while <a href="https://www.wisdomtree.com/us/insights/blog/gold-outlook-to-q3-2027-a-firmer-foundation-renewed-potential" target="_blank" rel="noopener">WisdomTree's October 29 outlook</a> cited consensus forecasts of US$4,789 per ounce by the third quarter of 2027. Near-term market conditions, however, remain sensitive to monetary policy and inflation expectations. In its <a href="https://www.sucdenfinancial.com/en/market-insights/metals-outlook/quarterly-metals-report/qmr-q4-2026/" target="_blank" rel="noopener">Q4 2026 metals outlook</a>, Sucden Financial noted that elevated oil prices have contributed to inflation concerns and expectations for tighter monetary policy, increasing the opportunity cost of holding gold. The firm expects central bank and exchange-traded fund buying to provide some support during market corrections, although it cautioned that these sources of demand may not be sufficient to offset further upward repricing of U.S. interest-rate expectations. Its outlook anticipates continued pressure on gold into December, followed by potential stabilization as the Federal Reserve's policy outlook becomes clearer. <h2>Company Developments and Upcoming Catalysts</h2> Zodiac is advancing its 2,316-square-kilometer Todi Gold Project along the Todi Shear Zone in Liberia. Its October 6, 2026, <a href="https://www.newsfilecorp.com/release/317552/Zodiac-Gold-Delivers-Best-Feh-Feh-Trench-Result-to-Date-and-Expands-Lewis-North-Gold-Trend-to-3km-at-the-Todi-Gold-Project" target="_blank" rel="noopener">exploration update</a> reported trenching results including 34 m (meters) grading 0.71 g/t Au (gold) at Feh Feh, including 18 m at 1.18 g/t Au. At Lewis North, the company reported extending the gold-in-soil anomaly by 1.2 km (kilometers) to approximately 3 km along the 16 km Monterra Trend. Earlier trenching at Lewis North returned 58 m at 3.15 g/t Au, including 11 m at 15.40 g/t Au and a 1 m sample grading 158 g/t Au. These are sampled lengths, not true widths. The company has also reported drilling programs at Lewis and Arthington. Independent consultants are currently working on an MRE (mineral resource estimate) for Arthington. Zodiac's <a href="https://zodiac-gold.com/2026/zodiac-gold-commences-inaugural-drilling-of-up-to-5000m-at-lewis-target-todi-gold-project-liberia/" target="_blank" rel="noopener">July 27 drilling announcement</a> outlined an initial drilling program of up to 3,000 m at Lewis, as part of a broader program of up to 5,000 m. Zodiac's immediate focus remains on advancing Todi through exploration and resource definition. The latest trenching and soil-sampling results have expanded the company's inventory of exploration targets, while drilling is intended to test mineralization at depth. Upcoming exploration results from Lewis and other targets could provide additional information about the scale and continuity of the Monterra Trend. Progress toward the company's targeted Arthington resource estimate will also be an important milestone for investors monitoring its development strategy. <div> <div> <div> <div> <div>[GR_OWNERSHIP_10927] <div> <h2>Ownership and Share Structure1</h2> Management and insiders own approximately 29.40% of Zodiac Gold, while institutions hold about 2.64%, with retail investors accounting for the balance. The largest disclosed holders include Brett Richards (10.15%), David Kol (8.06%), Lawrence Lepard (4.18%), Mark Kol (3.35%), and Equity Management Associates, LLC (2.64%). The company has roughly 185.50 million shares outstanding and a market capitalization of about CA$51.73 million. Insiders were buyers over the last six months, purchasing about 3.75 million shares, with no verified open-market sales in that window. 8 series of warrants remain outstanding. Public records show no historical share restructures. </div> </div> </div> </div> </div> </div> <h2>Frequently Asked Questions</h2> What was LIMEC 2026? The Liberia International Mining & Energy Conference and Expo was Liberia's inaugural international mining and energy conference. Held October 28-29, 2026, at the Farmington Hotel, the event brought together government officials, mining and energy companies, investors, and other stakeholders to discuss resource development and investment opportunities. What was Zodiac Gold's role at LIMEC 2026? Zodiac Gold participated as a bronze sponsor, and CEO David Kol took part as a panelist. Following the event, Kol described the conference as a success and said the company was proud to support the gathering. What did President Boakai announce at LIMEC 2026? President Joseph Nyuma Boakai Sr. outlined plans to establish a national mining company and a gold refinery. He emphasized domestic mineral processing and the importance of generating greater economic value from Liberia's natural resources. What is Liberia's mining and energy investment target? Government officials and conference organizers have promoted approximately US$3 billion in projected new mining and energy investment. This figure represents a projected investment pipeline rather than funding already secured. What has Zodiac Gold reported at the Todi Gold Project? In its October 6, 2026, update, Zodiac reported trenching results of 34 m grading 0.71 g/t Au at Feh Feh, including 18 m at 1.18 g/t Au. It also reported extending the Lewis North gold-in-soil anomaly to approximately 3 km. What comes next for Zodiac Gold? The company has reported ongoing drilling at Lewis and independent consultants are currently working on a mineral resource estimate for Arthington. Further drilling, assay results, and technical work will be important to defining the project's mineralization and assessing its development potential. <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 Inc. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Zodiac Gold Inc. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <div> <div> <div> <div> <div> 1. Ownership and Share Structure Information Ownership percentages, named holders, share count, market capitalization, and the 52-week range for Zodiac Gold were compiled from company public filings and investor materials, exchange notices, insider-trade reports (SEDI / equivalent), and third-party data providers. Figures are as of 2026-11-02 unless a source was dated earlier. Pie slices are normalized to 100% of basic shares outstanding; retail is the residual after disclosed institutions, management, insiders, and strategic holders. Warrant terms are current outstanding series only. Restructures are historical consolidations, splits, and symbol or name changes. Insider buying and selling covers open-market trades from the prior six months through 2026-11-02 and excludes option exercises. These are public-source estimates and can differ from a later official register. </div> </div> </div> </div> </div><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32904"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32904" width="0" height="0"> ( Companies Mentioned: ZAU:TSX.V;ZAUIF:OTCQB;K19:XFRA, ) Mon, 02 Nov 2026 00:00:00 PST Copper Explorer Launches 10,000-Foot Nevada Drill Program as Global Supply Shortage Fears Grow https://www.streetwisereports.com/article/2026/10/28/copper-explorer-launches-10-000-foot-nevada-drill-program-as-global-supply-shortage-fears-grow.html Source: <a href="https://www.streetwisereports.com/article/2026/10/28/copper-explorer-launches-10-000-foot-nevada-drill-program-as-global-supply-shortage-fears-grow.html?utm_medium=feed">Streetwise Reports 10/27/2026</a> Copper One Resources Corp. (CEXY:CSE; CEXYF:OTCPK; IW8:FSE) has commenced an expanded Phase 2 diamond drilling program of up to 10,000 feet at its 100%-owned Majuba Hill Copper-Silver-Gold Project in Nevada, advancing its exploration strategy as global copper supply challenges and electrification demand draw investor attention. <h2>Key Investor Takeaways</h2> <ul> <li>Copper One Resources Corp. has commenced an expanded Phase 2 diamond drilling program of up to 10,000 feet (3,048 meters) at its flagship Majuba Hill Copper-Silver-Gold Project in Nevada.</li> <li>The 2026 drilling campaign could total approximately 14,015 feet, combining 4,015 feet completed during Phase 1 with up to 10,000 additional feet planned for Phase 2.</li> <li>Phase 1 assay results are pending, while geological observations from the completed drilling are being incorporated into Phase 2 exploration targeting.</li> <li>The expanded drilling program targets extensions of known copper-silver-gold mineralization, with particular emphasis on evaluating mineralized breccia corridors, their continuity, and depth potential.</li> <li>AI-assisted exploration remains a component of Copper One's strategy, following the intersection of predicted copper mineralization in the previously completed ExploreTech-targeted drill hole MHB-36.</li> <li>Copper One has outlined a four-phase pathway toward an inaugural NI 43-101 mineral resource estimate, incorporating additional drilling, geological modeling, data integration, and preliminary metallurgical studies.</li> <li>The company reported raising approximately CA$7.96 million in gross proceeds through a September financing, with funds intended for exploration programs and general working capital.</li> </ul> <h2>Copper One Begins Expanded 10,000-Foot Drilling Program at Nevada Copper-Silver-Gold Project</h2> <a href="https://www.streetwisereports.com/pub/co/11069?utm_medium=feed" target="_blank" rel="noopener">Copper One Resources Corp. (CEXY:CSE; CEXYF:OTCPK; IW8:FSE)</a> announced <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2824-cse/cexy/213464-copper-one-commences-up-to-10-000-foot-phase-2-drill-program-at-flagship-majuba-hill-copper-silver-gold-project-nevada.html" target="_blank" rel="noopener">that diamond core drilling had commenced at its 100%-owned Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada.</a> The expanded Phase 2 exploration program comprises up to 10,000 feet (3,048 meters) of HQ/PQ diamond core drilling, with work focused on systematically testing priority exploration targets across the property. The company reported that the program was designed to further evaluate the project's copper-silver-gold mineralized system and support its objective of advancing Majuba Hill toward an initial mineral resource estimate prepared in accordance with National Instrument 43-101 (NI 43-101). Copper One stated that more than 90,000 feet (27,432 meters) of drilling had been completed at Majuba Hill across more than 100 drill holes. The property covers approximately 9,684 acres (3,919 hectares) and is located about 70 miles southwest of Winnemucca and 156 miles northeast of Reno. The company previously completed its 2026 Phase 1 exploration program, consisting of 4,015 feet (1,224 meters) of diamond core drilling. Assay results from that program remain pending, while geological information collected during the initial phase is being incorporated into the company's ongoing exploration activities. David Greenway, President and Chief Executive Officer of Copper One, stated in the company's news release, "With Phase 2 drilling now underway at Majuba Hill, we are advancing the systematic testing of priority targets through an expanded program of up to 10,000 feet. While assay results from Phase 1 remain pending, the geological information collected is helping guide our ongoing exploration." Copper One engaged Evolve Exploration Nevada, LLC to conduct the Phase 2 drilling. The initial contract covers approximately 5,000 feet (1,524 meters) using one portable HQ/PQ diamond core drill. The company outlined continuous drilling operations using two shifts, with work scheduled on a 24-hour-per-day, seven-day-per-week basis. Under the initial drilling scope, individual holes are planned to reach maximum depths of approximately 1,700 feet (518 meters). Copper One's technical team is responsible for determining final drill collar locations, azimuths, inclinations, and depths. The drilling program also incorporates Evolve's EVX Connect operational platform, which provides access to drilling information through web and mobile interfaces. The system is designed to deliver live drilling metrics, digital PLOD reporting, drill-hole coordinate tracking, streamlined invoicing, and photographs of drill core as it is recovered. The company additionally reported that chalcopyrite and pyrrhotite had been visually identified within a breccia zone in drill hole MHB-37B at approximately 1,982 feet (604 meters). Assays for the observed mineralization remain pending. Copper One cautioned that preliminary visual identification is not a substitute for laboratory assay results. Majuba Hill is a past-producing copper mine with an extensive historical exploration database that includes approximately 89,395 feet (27,248 meters) of historical drilling. Previous exploration outlined a copper-silver-gold hydrothermal mineralized system, with ongoing work directed toward evaluating its extent, geometry, and continuity. The property has year-round road access, nearby electrical power and water, and access to a skilled mining workforce. According to the company, Nevada ranked first globally on the Investment Attractiveness Index in the Fraser Institute's Annual Survey of Mining Companies 2025. <h2>Copper Demand and Supply Constraints Shape Global Market Outlook</h2> Global copper markets have attracted increased attention amid demand from artificial intelligence infrastructure, electrification, and industrial development. Industry research has highlighted challenges associated with expanding mine production, while copper prices have reflected changing supply conditions and trade policy uncertainty. According to an <a href="https://www.ft.com/content/06209f51-de7c-4de0-8e66-5c621a960b87?syn-25a6b1a6=1" target="_blank" rel="noopener">October 23 report from the Financial Times</a>, copper is essential to renewable energy systems, electric vehicles, artificial intelligence data centers, and electrical infrastructure. Journalist Simon Mundy described copper demand as "embarking on an epic climb," citing its widespread industrial applications. The report referenced research from BloombergNEF warning of a "massive long-term shortage" beginning in 2028. Researchers projected that global copper supply would fall 8% below demand by 2035 and 44% below demand by 2050. The publication also identified declining ore grades, reduced investment in new mine development, and lengthy permitting and construction timelines as challenges affecting future production. The Financial Times reported that an industry executive speaking at the FT Live Metals and Mining Summit emphasized the time required to develop new copper operations, stating, "It can take 15 years to discover, permit, and build a new mine." The report also noted that London Metal Exchange copper reached a record US$14,875 per metric ton in September, representing a 76% increase since the beginning of 2024. By October 27, copper futures had recovered from recent lows. According to <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics</a>, copper traded at US$6.5692 per pound, representing a daily increase of 0.94% and a year-over-year gain of 27.74%. In its October 27 commentary, Trading Economics reported that "Copper futures climbed toward US$6.55 per pound on Tuesday, recovering from multi-week lows." The publication connected the recovery to renewed interest in artificial intelligence investment and its associated infrastructure requirements. It also emphasized copper's importance to data centers and power systems, stating that "Copper remains essential to the global AI expansion." Physical copper markets in China also experienced changing supply conditions. According to an <a href="https://news.metal.com/newscontent/104180776-copper-prices-and-premiums-both-rise-market-trading-sentiment-weakens-smm-south-china-spot-copper" target="_blank" rel="noopener">October 27 report from Shanghai Metals Market</a>, copper prices and spot premiums increased in Guangdong as inventories declined for five consecutive days. The average price of No. 1 copper cathode reached 110,350 yuan per metric ton, an increase of 840 yuan from the previous trading day. Despite higher prices and reduced inventories, downstream purchasing activity weakened. Shanghai Metals Market observed that "market trading sentiment turned softer," reflecting more cautious buying conditions in the physical copper market. <h2>From Expanded Drilling to Resource Definition: The Next Steps at Majuba Hill</h2> Copper One outlined several exploration activities and technical milestones for Majuba Hill in its <a href="https://copperone.com/Copper-One-Investor.pdf" target="_blank" rel="noopener">October 2026 investor presentation</a>. These include the expanded Phase 2 drilling campaign, the integration of geological and geophysical information, continued evaluation of mineralized breccia zones, and a staged technical program directed toward an inaugural NI 43-101 mineral resource estimate. The expanded 2026 exploration campaign incorporates the 4,015 feet (1,224 meters) completed during Phase 1 and up to 10,000 additional feet (3,048 meters) planned for Phase 2. If the expanded program is completed as outlined, the combined drilling will total approximately 14,015 feet (4,272 meters). The company identifies detailed geological evaluation and interpretation of Phase 1 drill core as an ongoing component of its exploration work. Observations from the completed drilling are being incorporated into Phase 2 target selection, alongside geological, geochemical, and geophysical information. A separate milestone involves the release of laboratory assay results from the completed Phase 1 program. Copper One stated that these results would be announced after they had been received, reviewed, and validated. The Phase 2 campaign is designed to evaluate lateral and depth extensions of previously identified copper-silver-gold mineralization. Another objective involves improving the geological understanding of mineralized breccia corridors, including their geometry and continuity across the property. Copper One identified several exploration areas within its 2026 drilling and expansion strategy. The Southern Breccia Zone includes the historic workings area, while the Northern Breccia Zone is designated for testing discrete breccia bodies. The Bald Breccia and 789 Target areas are identified for evaluation of limonite and quartz breccia bodies. These exploration areas form part of a broader program intended to expand the known mineralized footprint at Majuba Hill, evaluate continuity between breccia zones, and advance additional targets toward drill-ready status. The company also outlined plans to continue incorporating artificial intelligence-assisted exploration technology developed by ExploreTech. The platform combines geological information, drilling records, geophysical surveys, geochemistry, and historical exploration data within a three-dimensional geological modeling system. Copper One previously tested an ExploreTech-generated target during its 2025 drilling campaign. Drill hole MHB-36, which reached 1,100 feet (335.28 meters), intersected multiple intervals of supergene and hypogene copper mineralization. These included a 1.5-foot (0.5-meter) interval grading 1.21% copper between 741.5 and 743 feet. According to the investor presentation, the South Resistivity Anomaly identified through ExploreTech's geophysical modeling corresponded with a zone of hypogene copper mineralization containing chalcopyrite. The company's 2026 exploration objectives include continued testing of AI-generated targets alongside conventional geological interpretation. Another component of the technical program involves integrating drilling results with geophysical surveys, soil sampling, and structural mapping. This work is intended to refine the project's three-dimensional geological model and improve the definition of mineralized domains. Copper One's stated 2026 milestones also include advancing three target zones through drilling, mapping, and exploration targeting. The company identifies the generation of follow-up drill-ready targets as a separate objective, supported by the integration of geophysical, soil, and drilling information. The investor presentation describes a four-phase pathway toward an initial mineral resource estimate. The first phase focuses on expanding mineralization through drilling, evaluating the continuity and scale of the mineralized system, and confirming the geometry of breccia zones. The second phase involves data integration, including combining drilling information with geophysics, soil sampling, and structural mapping. This work is intended to refine the three-dimensional geological model and establish more clearly defined mineralized domains. The third phase addresses resource definition through additional technical work. Copper One identifies infill and step-out drilling as priorities, along with establishing drill spacing sufficient for resource modeling. The company also outlines preliminary metallurgical and density studies as components of this stage. The fourth phase targets the preparation of an inaugural NI 43-101-compliant mineral resource estimate. The company also identifies an evaluation of subsequent development pathways as part of that stage. No specific completion date for the initial mineral resource estimate has been provided. Copper One's October 2026 presentation also details its financing position. The company reported that a special warrant financing closed on September 29, generating gross proceeds of CA$7,955,900. The financing comprised 12,383,000 non-flow-through special warrants and 7,506,750 flow-through special warrants, for a total of 19,889,750 special warrants issued at CA$0.40 each. The financing terms provide for conversion into one common share and one-half of a warrant per unit. Full warrants carry an exercise price of CA$0.50 and a term of 24 months from closing, with an acceleration threshold of CA$1.25 for five consecutive trading days. The company identifies general working capital and exploration programs as the intended uses of proceeds. Beyond Majuba Hill, Copper One's presentation identifies additional exploration activities within its North American property portfolio. At the 100%-owned Sport Project in Beaver County, Utah, the company has outlined plans to expand geological mapping, surface geochemical sampling, and geophysical evaluation to define and prioritize potential drill targets. The property comprises 108 contiguous unpatented lode mining claims covering approximately 1,902 acres (770 hectares). The Sport Project's initial 50-sample surface reconnaissance program returned copper assays of up to 1.155% in sample SP002 and 0.819% in sample SP044. Visible malachite and chalcopyrite have also been identified in mineralized surface outcrops. Copper One cautioned that the selective nature of grab samples means they may not represent mineralization across the property. At the 100%-owned Redonda Copper-Molybdenum Project in British Columbia, the company identifies continued exploration of porphyry copper and skarn mineralization targets. The property covers approximately 6,786 acres (2,746 hectares) across nine mineral claims and has up to 10 permitted drill sites. More than 500 meters of diamond drilling have been completed, with mineralization described as remaining open along strike and at depth. Copper One also identifies the Redhill Property in British Columbia as part of its exploration portfolio. The property covers approximately 11,704 acres (4,736 hectares) across 18 mineral claims and contains a geological environment associated with volcanogenic massive sulphide mineralization. Historical copper-zinc drill intercepts, hydrothermal alteration, and sulphide mineralization form part of the property's existing exploration information. [OWNERSHIP_CHART-11069] The company's October 2026 presentation further noted that it had announced an agreement on October 7 to acquire the Sword & Gossan nickel-copper-cobalt properties in Labrador. No specific exploration schedule for those properties has been provided. <h2>Ownership and Share Structure1</h2> Roughly 9.45% of Copper One's shares are held by insiders, less than 1% by institutions, and the remainder is held by retail investors. The company's market capitalization is approximately CA$19.79 million. It has 46.57 million shares outstanding and a 52-week trading range of CA$0.39 to CA$4.25. <h2>Frequently Asked Questions About Copper One Resources, Majuba Hill Drilling, and Copper Stocks</h2> What is the latest news about Copper One Resources Corp.? Copper One Resources Corp. announced on October 23, 2026, that it had commenced an expanded Phase 2 diamond drilling program at its flagship Majuba Hill Copper-Silver-Gold Project in Nevada. The program includes up to 10,000 feet (3,048 meters) of additional drilling designed to test priority copper-silver-gold exploration targets. The announcement followed the completion of 4,015 feet (1,224 meters) of Phase 1 drilling earlier in 2026. Why is Copper One Resources' stock attracting attention in the copper mining sector? Copper One Resources is advancing an expanded exploration program at Majuba Hill while copper prices remain elevated. The company completed its initial 2026 drilling phase and commenced a second phase testing potential extensions of previously identified mineralization . Its exploration strategy also incorporates artificial intelligence-assisted geological modeling and a staged approach toward an inaugural NI 43-101 mineral resource estimate. How much drilling is Copper One planning at its Majuba Hill copper project in 2026? Copper One has outlined a combined 2026 drilling campaign of approximately 14,015 feet (4,272 meters), consisting of 4,015 feet completed during Phase 1 and up to 10,000 additional feet planned for Phase 2. The expanded program focuses on evaluating lateral and depth extensions of copper-silver-gold mineralization, improving the understanding of breccia corridors, and integrating geological, geochemical, and geophysical information. What is the Majuba Hill Copper-Silver-Gold Project in Nevada? Majuba Hill is Copper One Resources' flagship copper-silver-gold exploration property in Pershing County, Nevada. The project covers approximately 9,684 acres (3,919 hectares) and is located about 70 miles southwest of Winnemucca and 156 miles northeast of Reno. The property contains historical underground workings and an extensive drilling database. Exploration has identified copper mineralization associated with hydrothermal breccia systems. What copper grades have previous drilling programs discovered at Majuba Hill? Copper One's 2025 drilling program reported several copper-mineralized intervals. Drill hole MHB-32 intersected 379.5 feet (115.7 meters) grading 0.33% copper and 16.97 parts per million silver. This included 40 feet (12.2 meters) grading 1.36% copper and 13.33 parts per million silver, containing a narrower 10-foot (3-meter) interval grading 4.36% copper and 35.65 parts per million silver. Drill hole MHB-34 also intersected 500 feet (152.4 meters) grading 0.21% copper. These are exploration drill intercepts, not estimates of mineral resources or reserves. Drill hole MHB-32 intersected 379.5 feet (115.7 meters) grading 0.33% copper and 16.97 g/t silver, including 169.5 feet (51.7 meters) grading 0.41% copper and 9.51 g/t silver. Within this interval, drilling intersected 40 feet (12.2 meters) grading 1.36% copper and 13.33 g/t silver, including 10 feet (3.0 meters) grading 4.36% copper and 35.65 g/t silver, as reported May 22, 2025. Has Copper One Resources released its 2026 Majuba Hill drilling results? Copper One completed 4,015 feet of Phase 1 diamond core drilling in 2026, but laboratory assay results remain pending as of its October 23 announcement. Geological observations from the completed drilling are being evaluated and incorporated into the expanded Phase 2 exploration program. The company has not provided a confirmed publication date for the outstanding assays. What did Copper One discover in drill hole MHB-37B? Copper One reported visual identification of chalcopyrite and pyrrhotite within a breccia zone at approximately 1,982 feet (604 meters) in drill hole MHB-37B. The observations indicated the presence of sulphide minerals, but laboratory assays remain pending. The company cautioned that visual mineral identification cannot substitute for analytical testing or establish copper grades. How is artificial intelligence being used to discover copper at Majuba Hill? Copper One incorporates ExploreTech's AI-assisted exploration technology into its geological targeting process. The platform integrates drilling information, geophysical surveys, geochemistry, and historical exploration data into three-dimensional geological models. During the company's 2025 drilling campaign, AI-targeted drill hole MHB-36 intersected copper mineralization associated with the South Resistivity Anomaly. The company plans to continue integrating AI-generated targets into its exploration activities. Is Copper One Resources working toward a copper mineral resource estimate? Yes. Copper One has outlined a four-phase technical strategy directed toward an inaugural NI 43-101-compliant mineral resource estimate at Majuba Hill. The process includes expanding known mineralization, integrating geological and geophysical information, conducting additional infill and step-out drilling, and initiating preliminary metallurgical and density studies. The company has not announced a completed mineral resource estimate or established a specific completion date. How much money did Copper One Resources raise to support its exploration programs? Copper One reported gross proceeds of approximately CA$7.96 million from a special warrant financing completed on September 29, 2026. The financing consisted of 19,889,750 special warrants issued at CA$0.40 each. The company identified exploration programs and general working capital as the intended uses of the proceeds. What is the current copper price, and how much has copper increased in 2026? According to Trading Economics, copper traded at US$6.5692 per pound on October 27, 2026, representing a daily increase of 0.94%. Copper prices had risen 27.74% over the preceding 12 months. Market commentary identified artificial intelligence infrastructure, electrical power systems, trade uncertainty, and global supply conditions among the factors influencing copper prices. Why is Nevada an important location for copper exploration and mining? Nevada is identified in Copper One's October 2026 investor presentation as a major mining jurisdiction with established infrastructure, experienced contractors, and access to skilled workers. The presentation also noted that Nevada ranked first globally in the Fraser Institute's 2025 Investment Attractiveness Index. Copper One's Majuba Hill property has year-round road access and is located near existing electrical infrastructure. What other copper exploration projects does Copper One Resources own? In addition to Majuba Hill, Copper One's portfolio includes the 100%-owned Sport Copper Project in Utah, the 100%-owned Redonda Copper-Molybdenum Project in British Columbia, and the Redhill Property in British Columbia, in which the company holds an option to earn up to a 100% interest. What are the next major catalysts for Copper One Resources' stock? Copper One's identified operational milestones include receiving and reporting pending Phase 1 assay results, continuing the expanded Phase 2 drilling program, evaluating additional copper-silver-gold exploration targets, and refining the geological model at Majuba Hill. The company has also outlined subsequent infill and step-out drilling, preliminary metallurgical studies, and technical work toward an inaugural NI 43-101 mineral resource estimate. <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>Copper One Resources Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Copper One Resources Corp. </li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32902"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32902" width="0" height="0"> ( Companies Mentioned: CEXY:CSE;CEXYF:OTCID;IW8:FSE, ) Tue, 27 Oct 2026 00:00:00 PST