The Gold Report - Streetwise Exclusive Articles Full Text

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. Canadian Mining Co. Uncovers High-Grade Epithermal Potential at Yukon Project https://www.streetwisereports.com/article/2026/07/06/canadian-mining-co-uncovers-high-grade-epithermal-potential-at-yukon-project.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/canadian-mining-co-uncovers-high-grade-epithermal-potential-at-yukon-project.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Blue Jay Gold Corp. (JAY:TSX.V) mobilizes hyperspectral core scanning across 40,000 meters at Steller, targeting high-grade epithermal gold mineralization in the Yukon.On June 30, 2026, Blue Jay Gold Corp. (JAY:TSX.V ) announced that LithologIQ, a Montreal-based mineral technology company, had mobilized its <a href="https://www.stockwatch.com/News/Item/Z-C!JAY-3837481/C/JAY" target="_blank" rel="noopener">hyperspectral core scanning system</a> to the company's Steller gold project in southern Yukon. With this system, Blue Jay will be able to examine 40,000 meters of drill core this season to produce integrated mineralogical, magnetic, and structural data across the district and create future exploration programs. The mobile scanning system allows for rapid on-site data collection of up to 2,000 meters per day. It uses seven sensors to collect a range of information, including visible and near-infrared, shortwave infrared, and mid-wave infrared light. This method will allow Blue Jay to find a wide array of minerals that could indicate mineralization in different epithermal systems across the Steller project. "With more than 120,000 meters of historical drilling across a 170-square-kilometer district, Steller offers a large body of drill core to go back and reinterpret using a modern exploration lens," said Geordie Mark, CEO of Blue Jay Gold. "We often see during boom years, large drilling programs with equally large geological teams that naturally produce variability in output styles. LithologIQ offers a cost-effective way to build consistency and bring new data into modern exploration, and we'll apply it to our extensive drill core archive to see the geology in ways no predecessor could. We're initially targeting roughly 24,000 meters of historical core for hyperspectral logging this year alone. Paired with our reprocessed regional magnetics and inversion modeling, this will let us begin resolving the three-dimensional architecture of the region to guide future exploration." Blue Jay is a Canadian gold exploration company focused on its 100%-owned, flagship Steller project in the Yukon territory, though it also has a portfolio of properties in Ontario. <h2 style="text-align: center;">Gold Sector Weathering Economic Storm</h2> After the latest U.S. jobs report, gold prices rallied as economists' projections for new job creation numbers fell flat. The weaker dollar allowed gold futures to open 1.5% higher than the closing price before the holiday weekend, with gold's August futures opening at <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-july-6-higher-prices-following-thursdays-jobs-report-121321784.html" target="_blank" rel="noopener">US$4,187.50</a> on July 6, 2026. While this price is still lower than the massive rally earlier in the year that leaped over US$5,000, gold is still up over <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-prices-today-monday-july-6-higher-prices-following-thursdays-jobs-report-121321784.html" target="_blank" rel="noopener">24%</a> from this time last year. In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Expert Looks Forward to Potential Increase</h2> Jay Lutz of <a href="https://thedeepdive.ca/blue-jay-gold-debuts-on-the-tsxv-sets-out-fully-funded-steller-drill-plan/" target="_blank" rel="noopener">The Deep Dive</a> wrote about Blue Jay on June 4, 2026, highlighting Steller's ". . . NI 43-101 resource of 400,000 gold equivalent indicated ounces at 9.06 g/t and 450,000 gold equivalent inferred ounces at 6.45 g/t." Lutz also noted that the company's CA$14.7 million private placement in April is expected to fully fund all currently planned exploration, which could increase that resource estimate. <h2 style="text-align: center;">Three Priorities Dominate 2026</h2> Blue Jay's 2026 <a href="https://bluejaygoldcorp.com/images/pdf/Presentation/2026/July%20WEBSITE%20FINAL.pdf" target="_blank" rel="noopener">catalyst calendar</a> includes three phases: [OWNERSHIP_CHART-11624] <ol> <li>The company will complete up to 16,000 meters of drilling by the end of 2026, with resource expansion targets at Skukum Creek, Mr. Skumum, and Goddell. Generative target drilling is planned for RACA, Becker, Cochrane, and Charleston</li> <li>Blue Jay plans to launch drone-born and surface geophysical surveys, while orienting the drill core for structural analysis</li> <li>In Q3 2026, the company will complete data synthesis in hopes of unearthing antimony opportunities and positioning itself for more effective future exploration.</li> </ol> <h2 style="text-align: center;">Ownership & Share Information1</h2> Blue Jay Gold Corp. has a market cap of CA$34.28 million, with 47.6 million shares outstanding. The company's 52-week range is CA$0.61-CA$1.00. Institutions own 33% of shares, while Management & Insiders own 5%. The remaining 62% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31725"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31725" width="0" height="0"> ( Companies Mentioned: JAY:TSX.V , ) Mon, 06 Jul 2026 00:00:00 PST Copper Explorer Uncovers Large Chargeability Anomaly at Idaho Project https://www.streetwisereports.com/article/2026/07/06/copper-explorer-uncovers-large-chargeability-anomaly-at-idaho-project.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/copper-explorer-uncovers-large-chargeability-anomaly-at-idaho-project.html?utm_medium=feed">Streetwise Reports 07/07/2026</a> Hercules Metals Corp.'s (BADEF:OTCMKTS; BIG:TSXV) IP survey defines a chargeability anomaly at the Hook target, matching its high-grade Leviathan copper porphyry signature.On July 2, 2026, Hercules Metals Corp. (BADEF:OTCMKTS; BIG:TSXV) released the final <a href="https://www.stockwatch.com/News/Item/Z-C!BIG-3837958/C/BIG" target="_blank" rel="noopener">results of seven induced polarization (IP) survey lines</a> from its Hook target on the Hercules property in western Idaho. The company announced that the survey defined a large, continuous chargeability anomaly across all seven lines which closely resembles the IP signature at the company's Leviathan copper porphyry. Around 28 line kilometers of surveying have been completed at the hook target, which has returned up to 40 millivolts per volt, suggesting a chargeability feature extending over a 1.8-kilometer strike length. The highest-intensity portion of the anomaly ranges from 20-40 millivolts per volt and is modeled to begin within 100 meters of the surface, providing an accessible drill target. At Leviathan, specifically, the company asserted that elevated chargeability is associated with both porphyry copper mineralization and a surrounding pyrite alteration halo. In the release, Chris Paul, CEO of Hercules, said: "Encountering continuous chargeability across seven widely spaced survey lines has significantly strengthened our geological confidence in the Hook target. With a geometry and intensity comparable to that at the nearby Leviathan discovery and strong values beginning within 100 meters of surface, we are excited that drilling is now under way at another large new porphyry copper target in the emerging Hercules district." Hercules Metals Corp. explores potential copper and other rare earth deposits in the U.S., as part of an effort to develop copper porphyries in Idaho. The Hercules Project can be found northwest of Cambridge and is 100% owned. It is home to the Leviathan porphyry copper system, a significant discovery for the U.S. that is continuing to expand. The company is supported by strategic investment from Barrick Mining Corp. (ABX:TSX; B:NYSE) and is expected to grow due to the increasing demand for copper. The goal of the company is to eventually provide shareholders value through proven discovery. <h2 style="text-align: center;">Copper an Industrial Necessity</h2> Demand for copper is expected to rise due to continued use in electronics, especially with the widespread construction of new data centers and defense needs America is experiencing. A report from <a href="https://www.businessworld.in/article/copper-entering-next-commodity-supercycle-report-608319?shem=dsdf,sharefoc,agadiscoversdl,,sh/x/discover/m1/4" target="_blank" rel="noopener">Businessworld</a> claimed that, "global copper demand is gradually shifting towards strategic and less price-sensitive sectors such as AI infrastructure, defense, power grids, and clean energy systems. By 2040, these categories are expected to account for nearly 45% of total copper demand, up from 32% in 2024." Copper has experienced some volatility this year. While a bull market for traders, physical products are trending toward a bear market due to potential tariffs. Last year, the looming potential of President Donald Trump's tariffs surged copper prices in the U.S. as American investors stockpiled the metal. This hype created an overstocking of copper, widening the gap between futures and physical worth. "Collectively, inventories at the world's main exchanges have risen by more than 500,000 tons since the start of the year," <a href="https://www.mining.com/web/a-copper-market-awash-with-metal-sours-traders-bullish-mood/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=9a3b541bbd-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-9a3b541bbd-606677560" target="_blank" rel="noopener">stated a March 6 article by Bloomberg News</a>. The imagined certainty of inaccessible copper due to tariffs evaporated, however, when premiums for U.S. copper futures disappeared, and the tariffs did not materialize. Trump may choose to impose tariffs next year, but analysts and investors are skeptical since his administration chose to forego them in January 2026. As of July 6, 2026, copper was trading at <a href="https://www.moneymetals.com/copper-prices?srsltid=AfmBOoq1nuSvs58u3LKu5Fsl4VByULdhGAUvGy0F4EvMqpmNf-v3sPH7" target="_blank" rel="noopener">US$12,520</a> per tonne, down from its all-time high of US$14,800 per tonne in Q1 2026. <h2 style="text-align: center;">Analysts See Bright Future for Hercules</h2> On June 16, 2026, Bob Moriarty of 321gold.com discussed the company's news, saying: "Chris Paul and his team have done a brilliant job of advancing what appears to be a giant copper porphyry system in Idaho. The project was originally believed to be a high-grade silver epithermal system. Deeper drilling in 2023 discovered a massive copper-rich porphyry system with the discovery hole reporting 184 meters of 0.84% Cu (copper) with moly and silver credits. Robert Sinn was banging the drums on this company for a couple of years before the great unwashed woke up. He deserves a lot of credit for finding the company." [OWNERSHIP_CHART-11006] In fact, <a href="https://robertsinn.substack.com/p/hercules-extends-and-expands-leviathan?utm_source=post-email-title&publication_id=2243983&post_id=202279873&utm_campaign=email-post-title&isFreemail=true&token=eyJ1c2VyX2lkIjoyOTEyNDE0OTEsInBvc3RfaWQiOjIwMjI3OTg3MywiaWF0IjoxNzgxNjIwMDQ2LCJleHAiOjE3ODQyMTIwNDYsImlzcyI6InB1Yi0yMjQzOTgzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.um7YCi-cSen_oUdHNsCv7bv0ED-8YS92wktLsvlbkYs&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">Robert Sinn</a> weighed in on the same day, writing: "After today's results, I can see the open-pit resource taking shape. It's not small. So, quick back-of-the-napkin math gets me above 5 billion pounds of copper with a resource grade close to .50% CuEq — if the cutoff grade is lowered to include all the .20% Cu mineralization, then Leviathan could already be approaching 7-8 billion pounds of copper. Admittedly, some of that copper mineralization is deep and below standard underground mining grades." Still, Sinn pointed out that "10 billion pounds of copper is the resource threshold that gets the world’s largest copper producers to pay attention and begin booking flights, signing Cas, etc." <h2 style="text-align: center;">Further Surveys Underway</h2> <a href="https://www.nasdaq.com/press-release/hercules-metals-engages-equity-exploration-consultants-and-commences-2026-exploration" target="_blank" rel="noopener">New discoveries are being made by Hercules Metals</a>, such as a reconnaissance IP survey of the Pegasus anomaly. The goal is to improve targeting prior to drill testing, and four 2D induced polarization lines at Pegasus identified promising early results. Further drill testing will continue at the company's Southern Flats property, with a second drill hole completed to a depth of 1,255 meters. The sample from this drill core has been shipped for analysis, and the company will release results once they are received. <h2 style="text-align: center;">Ownership & Share Information1</h2> Hercules Metals Corp. has a market cap of CA$281.35 million, with 325.90 million shares outstanding. The company's 52-week range is CA$0.52-CA$0.96. Institutions own 10.86% of shares, while Strategic Investors own 11.12%. Management & Insiders own 4.32% of shares, and the remaining 73.70% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31724"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31724" width="0" height="0"> ( Companies Mentioned: BADEF:OTCMKTS;BIG:TSXV, ) Tue, 07 Jul 2026 00:00:00 PST Agnico Eagle (AEM) Manages Barnat Setback in Gold Bull Cycle https://www.streetwisereports.com/article/2026/07/07/agnico-eagle-aem-manages-barnat-setback-in-gold-bull-cycle.html Source: <a href="https://www.streetwisereports.com/article/2026/07/07/agnico-eagle-aem-manages-barnat-setback-in-gold-bull-cycle.html?utm_medium=feed">Streetwise Reports 07/07/2026</a> Agnico Eagle Mines (AEM) faces a temporary Barnat pit disruption but maintains long-term gold production targets as the bull cycle shows structural strength for investors.The gold sector continues to offer compelling opportunities for retail investors seeking exposure to a metal with both tactical challenges and enduring structural demand drivers. Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) stands out as a leading mid-tier producer with a diversified asset base across stable jurisdictions, positioning it to benefit from any sustained upward move in gold prices. <h2 style="text-align: center;">Why Agnico Eagle Stands Out Right Now</h2> Agnico Eagle is Canada's largest mining company and the world's second-largest gold producer, with operations spanning Canada, Australia, Finland, and Mexico. Its scale provides operational resilience, while its focus on high-quality assets supports consistent output even when individual sites encounter short-term issues. The company recently reported second-quarter 2026 production of approximately 845,000 ounces of gold, slightly above expectations, demonstrating the strength of its broader portfolio. <h2 style="text-align: center;">Unique Business Model and Key Assets</h2> The Canadian Malartic complex in Quebec serves as a cornerstone operation, combining the Barnat open pit with the developing Odyssey underground mine. This dual approach allows Agnico Eagle to balance near-term open-pit output with longer-term underground growth. The Odyssey project, including the East Gouldie zone that achieved first ramp-up production in March, remains on track and unaffected by recent events at Barnat. The company continues to target reaching an annual production rate of 1 million ounces from the Canadian Malartic complex in the early 2030s, supported by ongoing advancements in Shaft #1. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Agnico Eagle reported no injuries, equipment damage, or environmental impact from the July 1 rock mass movement at Barnat, reflecting strong safety protocols already in place.</li> <li>Second-quarter 2026 production of 845,000 ounces came in slightly above expectations, showing the company's diversified operations can absorb short-term disruptions.</li> <li>Full-year 2026 guidance is now expected at the lower end of the 3.3-3.5 million ounce range due to an estimated 60,000-80,000 ounce impact in the second half.</li> <li>The Odyssey underground development and long-term 1 million ounce target from Canadian Malartic remain fully intact.</li> <li>One analyst views the event as manageable, with production estimates for 2027-2028 subject to further geotechnical assessment and potential mine-plan adjustments.</li> <li>Structural gold market tailwinds, including central bank buying and Asian demand, continue to support a multi-year bull cycle despite near-term price resistance.</li> </ul> <h2 style="text-align: center;">Industry Timing, Trends, and the Recent Barnat Incident</h2> On July 1, a rock mass movement occurred along the north wall of the Barnat open pit at the Canadian Malartic complex, <a href="https://www.agnicoeagle.com/English/news-and-media/news-releases/news-details/2026/AGNICO-EAGLE-REPORTS-WALL-MOVEMENT-AT-BARNAT-OPEN-PIT-AT-CANADIAN-MALARTIC/default.aspx" target="_blank" rel="noopener">the company said in a release on July 2</a>. The affected section had already been identified for weaker geological structures and was under intensified geotechnical monitoring with established safety exclusion zones. As a precaution, mining operations in the area were temporarily halted while technical teams conducted a full stability assessment. During the halt, the Canadian Malartic processing plant is using low-grade ore from existing stockpiles, a strategy expected to limit the immediate production impact. The Barnat pit, originally scheduled to be mined out by early 2029, may see reduced output of up to 150,000 ounces annually in 2027 and 2028. Total 2026 production guidance has been adjusted to the lower end of the prior 3.3-3.5 million ounce range. Importantly, the incident does not affect the Odyssey underground mine or the projected timeline for 1 million ounces from the complex in the early 2030s. <h2 style="text-align: center;">Views and Valuation Considerations</h2> Paradigm Capital analyst Lauren McConnell described the event as a significant but manageable challenge. She highlighted mitigating factors, including the pre-existing monitoring program, the use of stockpiles to cushion mill feed, and the unchanged outlook for Odyssey. Scotia analyst Tanya Jakusconek lowered her price target to US$278 from US$280 while maintaining a sector outperform rating, noting an overall production impact of 370,000 ounces across 2026-2028. Both analysts await further details with the second-quarter results scheduled for release after market close on July 29. <a href="https://robertsinn.substack.com/p/the-charts-of-the-week-july-4th-2026?utm_source=post-email-title&publication_id=2243983&post_id=205128342&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">According to Robert Sinn of Goldfinger Capital on July 4</a>, the stock experienced a 2.14% decline following the announcement, reflecting typical market sensitivity to operational updates. <h2 style="text-align: center;">Gold Market Trends and Catalysts</h2> Gold prices have faced downward pressure recently, struggling to surpass the US$4,200 per ounce resistance level amid resilient U.S. services data, <a href="https://www.kitco.com/news/article/2026-07-06/gold-price-continues-struggle-us-ism-services-pmi-falls-54" target="_blank" rel="noopener">Neils Christensen reported for Kitco News on July 6</a>. The ISM Services PMI came in at 54.0 in June, indicating continued economic expansion but fewer industries showing growth. Despite these tactical headwinds, State Street Global Advisors maintains an optimistic long-term view, projecting that gold could reach US$5,500 per ounce by March 2027. <a href="https://www.kitco.com/news/article/2026-07-03/state-streets-baseline-scenario-sees-gold-price-high-5500oz-q1-2027" target="_blank" rel="noopener">Another report for Kitco, this one by Ernest Hoffman,</a> noted enduring structural tailwinds such as central bank demand and portfolio diversification needs. [OWNERSHIP_CHART-2] <h2 style="text-align: center;">Ownership, Share Structure, and Upcoming Events</h2> 1Less than 1% of Agnico Eagle is held by insiders, management, and strategic corporations, with approximately 74% held by institutions and the remainder in retail hands. The company has a market capitalization of US$112.14 billion and 500.04 million shares outstanding, trading in a 52-week range of US$157.68 to US$348.94. Investors should monitor the July 29 second-quarter results for updated production and cost guidance, as well as any timeline for safely resuming Barnat operations. <h2 style="text-align: center;">Common Questions from Investors</h2> <ul> <li>Q: How much will 2026 production be impacted? A: Gold output is now expected at the lower end of the 3.3-3.5 million ounce guidance range due to a 60,000-80,000 ounce reduction in the second half.</li> <li>Q: What is the long-term production target for Canadian Malartic? A: The company continues to target 1 million ounces annually from the complex in the early 2030s.</li> <li>Q: When will more details be available? A: Further updates are expected with second-quarter results after market close on July 29.</li> </ul> Overall, the recent rock mass movement represents a contained operational matter within a company that maintains a strong long-term growth trajectory and benefits from favorable gold market fundamentals. Retail investors should weigh the near-term production adjustment against the unchanged strategic outlook and broader sector tailwinds. <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 Mines Ltd.</li> <li>Jordan Nova 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=31722"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31722" width="0" height="0"> ( Companies Mentioned: AEM:TSX; AEM:NYSE, ) Tue, 07 Jul 2026 00:00:00 PST Gold Major Holds Long-Term Outlook Despite Quebec Pit Setback https://www.streetwisereports.com/article/2026/07/06/gold-major-holds-long-term-outlook-despite-quebec-pit-setback.html A rock mass movement in the open pit at the Canadian Malartic complex in Quebec has temporarily halted mining there by Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), Canada's largest miner and the world's largest gold producer.Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) experienced a rock mass movement along the north wall of the Barnat open pit at the Canadian Malartic complex in Quebec, <a href="https://www.agnicoeagle.com/English/news-and-media/news-releases/news-details/2026/AGNICO-EAGLE-REPORTS-WALL-MOVEMENT-AT-BARNAT-OPEN-PIT-AT-CANADIAN-MALARTIC/default.aspx" target="_blank" rel="noopener">the company said in a release on July 2</a>. Fortunately, there were no injuries, equipment damage, or environmental impact resulting from the incident on July 1. As a precaution, the company has temporarily halted mining operations in the affected area. The movement occurred in a section of the north wall that was known to have weaker geological structures and was under intensified geotechnical monitoring as per the mine's safety and planning protocols, which include safety exclusion zones. In response to the event, Agnico Eagle's technical teams are actively conducting a thorough geotechnical assessment to evaluate the stability of the area and to decide on the best course of action moving forward. Plans are being developed to ensure a safe and orderly resumption of mining activities at the Barnat pit, with safety remaining a top priority for the company. During the halt of mining operations, the Canadian Malartic processing plant will utilize low-grade ore from existing stockpiles instead of the planned Barnat ore feed, the company said. This strategy is anticipated to soften the immediate impact on production. Despite the disruption, production for the second quarter of 2026 was not impacted, and the company reported production of approximately 845,000 ounces of gold, which is slightly above expectations. However, the company now anticipates that the rock movement will decrease gold production at Canadian Malartic by about 60,000 to 80,000 ounces in the second half of 2026. Consequently, the total production for 2026 is expected to be at the lower end of the previously forecasted range of 3.3 million ounces (Moz) to 3.5 Moz. <h2 style="text-align: center;">Barnat Open Pit Could See Reduced Production</h2> The Barnat open pit, which was projected to be mined out by early 2029, may see reduced production in 2027 and 2028 by up to approximately 150,000 ounces of gold annually due to the rock mass movement, Agnico said. The company is exploring options to mitigate this potential impact on its production forecast. Importantly, the company does not anticipate that this incident will affect the development or production outlook for the Odyssey mine, nor does it alter the projected timeline to reach an annual production of Moz of gold from the Canadian Malartic complex in the early 2030s. Agnico Eagle will continue its geotechnical evaluations and will refine plans for a safe restart of operations at the Barnat open pit. The company plans to provide further updates on production and cost guidance along with its second quarter 2026 results, which are scheduled to be released after the market closes on July 29. Agnico Eagle Mines Ltd., headquartered in Canada, is the country's largest mining company and the world's second-largest gold producer, with operations in Canada, Australia, Finland, and Mexico. <h2 style="text-align: center;">Analyst: A Manageable Challenge for the Company</h2> The incident occurred in a section of the north wall previously identified for its weaker geological structures, according to a flash note update on July 2 by Paradigm Capital Analyst Lauren McConnell. This area was under stringent geotechnical monitoring and had established safety exclusion zones. Despite the severity of the rock movement, there were no injuries, equipment damage, or environmental impacts reported. In response, Agnico-Eagle has initiated a comprehensive geotechnical assessment to evaluate the stability of the affected area and plan the safe continuation of operations. To mitigate the immediate impact on production, the Canadian Malartic processing plant will temporarily use low-grade ore from existing stockpiles instead of the ore originally planned from Barnat, McConnell said. For the second quarter of 2026, production was unaffected, with the company reporting approximately 845,000 ounces, slightly above expectations. However, the incident is expected to reduce the second half's production, and full-year production for 2026 is projected to be near the lower end of the guidance range. Looking ahead, the disruption is expected to decrease production at Barnat by up to 150,000 ounces annually in 2027 and 2028, as the pit was scheduled to be mined out by early 2029. Agnico-Eagle emphasized that the development and production outlook for the Odyssey underground mine remains unaffected by this incident. The company continues to target achieving an annual production of 1 Moz from the Canadian Malartic complex in the early 2030s. The Odyssey mine's growth trajectory, including the East Gouldie ramp-up in March and ongoing advancements in Shaft #1, underscores the long-term strategic plan, which remains on track despite the current setback. Further updates to production and cost guidance following this incident will be disclosed with the company's second-quarter results, which are scheduled for release after market close on July 29. This event represents a significant but manageable challenge within Agnico's operational landscape, not altering the long-term investment outlook for the company, McConnell said. The immediate focus is on safely resuming operations at Barnat, with upcoming quarterly results expected to provide additional insights into the remediation timeline and any adjustments to production forecasts. "There are a few important mitigating factors," the analyst wrote about the incident. "First, no one was injured, and the affected area had already been flagged and was under enhanced monitoring, suggesting the geotechnical program was functioning as intended. Second, the low-grade stockpile feed strategy should help absorb some of the near-term impact on the mill. Finally, Agnico was explicit that the Odyssey underground development is unaffected: East Gouldie achieved first ramp-up production in March; Shaft #1 continues to advance; and the longer-term pathway to 1Moz/year from Canadian Malartic in the early 2030s remains intact." She continued, "The key near-term question is how quickly Agnico can safely resume mining at Barnat and whether the production estimates provided today prove to be conservative or optimistic once the full geotechnical assessment is complete." <h2 style="text-align: center;">Another Analyst Revises Price Target</h2> Last week, the GDX faced some challenges, notably due to a 2.14% drop in AEM's stock following the rock mass movement, <a href="https://robertsinn.substack.com/p/the-charts-of-the-week-july-4th-2026?utm_source=post-email-title&publication_id=2243983&post_id=205128342&utm_campaign=email-post-title&isFreemail=true&r=4tebdf&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">according to Robert Sinn of Goldfinger Capital on July 4</a>. In reaction to this incident, Scotia analyst Tanya Jakusconek revised her price target for Agnico Eagle Mines Ltd. down to US$278 from US$280, maintaining a "sector outperform" rating. Jakusconek noted, "The rock mass has impacted overall production for 2026-2028 by 370 oz, and AEM is currently assessing when it can regain access to the pit (currently will be processing stockpile ore) and whether an adjustment to the mine plan can be made to access this ore (potentially from underground)." She said she anticipates more detailed information in the Q2/26 results, scheduled for release on July 29, Sinn said. She also clarified that this incident does not affect other underground operations or the open-pit tailings disposal, and adjustments have been made in their model to reflect the 370k oz impact. <h2 style="text-align: center;">The Catalyst: 'Gold Bull Cycle Still Has Legs'</h2> The gold market is currently experiencing significant downward pressure as it struggles to surpass the initial resistance level of US$4,200 per ounce, <a href="https://www.kitco.com/news/article/2026-07-06/gold-price-continues-struggle-us-ism-services-pmi-falls-54" target="_blank" rel="noopener">Neils Christensen reported for Kitco News on July 6</a>. This stagnation comes amid ongoing resilience in the U.S. services sector, which continues to show robust activity, dampening hopes for a resurgence in bullish momentum for gold. The Institute for Supply Management (ISM) reported on Monday that its Services Purchasing Managers Index (PMI) slightly declined to 54.0 in June from 54.5 in May. This figure aligns closely with the expectations of economists who had anticipated a PMI of around 54.2. Despite the PMI indicating continued economic growth, the ISM report also brought to light increasing concerns for the latter half of the year, Christensen said. Steve Miller, Chair of the ISM Services Business Survey Committee, noted a decrease in the number of industries reporting growth in June, 14, down from 17 in May. Additionally, the number of industries reporting contraction rose to four, up from one in May. Miller highlighted that while comments on the impact of petroleum product pricing have decreased, tariff issues persist as a significant factor in rising prices. He also mentioned that the Inventories Index has fallen to its second-lowest point since October 2025, suggesting that the earlier trend of stockpiling might be subsiding. In the commodities market, the price of spot gold has seen little change in response to these economic updates, trading down by 0.74% at US$4,141 an ounce. Market analysts have pointed out that gold continues to face challenges as the expectation of interest rate hikes by the Federal Reserve remains, although these expectations have slightly decreased following last week's weaker-than-expected nonfarm payrolls report, which indicated that only 57,000 jobs were added last month. On July 3, <a href="https://www.kitco.com/news/article/2026-07-03/state-streets-baseline-scenario-sees-gold-price-high-5500oz-q1-2027" target="_blank" rel="noopener">another report for Kitco, this one by Ernest Hoffman,</a> noted that despite facing tactical challenges such as high yields, a strong dollar, and potential Federal Reserve rate hikes, there are some happier predictions on the future price of the yellow metal. The latest Monthly Gold Monitor from State Street Global Advisors said gold prices are projected to soar to US$5,500 per ounce by March of next year. This includes enduring structural tailwinds, including robust demand from Asian markets and central banks, as well as the necessity for diversification given the high correlation between stocks and bonds. State Street strategists, led by Aakash Doshi, analyzed the tactical headwinds that influenced gold markets in June. They noted that the high opportunity cost of holding gold and the strength of the U.S. dollar dampened investor enthusiasm. They reported, "Spot bullion fell 11.7%, testing US$4,000/oz support in fits and starts." In comparison, silver saw a 22.2% decrease, bitcoin dropped by 20.4%, and the overall commodities flat price declined by 9.2%. Despite these challenges, gold managed to outperform silver, bitcoin, and spot commodities on a risk-adjusted basis last month. Additionally, U.S.-listed gold ETFs experienced significant redemptions of approximately US$5.3 billion, following relatively stable fund flows during April and May, Hoffman wrote.[OWNERSHIP_CHART-2] The strategists also highlighted changes in market expectations for Fed rate hikes. Earlier in the year, the market anticipated two to three rate cuts but has since adjusted to expect around 1.5 rate hikes for the year. This adjustment has contributed to higher real yields and pushed the total assets in U.S. money market funds to a record high of US$7.9 trillion, strengthening the U.S. dollar. They observed, "During the March-June war period, gold underperformed against the greenback, versus the rest of G10 FX, by ~2.6 percentage points." While energy prices and rate expectations have moderated somewhat, with ICE Brent crude oil prices falling below the US$80 per barrel target due to potential U.S.-Iran ceasefire, the market still anticipates further Fed tightening. The strategists noted, "Rebounding US labor market data and Fed Chair Warsh's focus on a 2% inflation target have likely lifted the bar for cuts to be reintroduced in the short-term." Despite these tactical headwinds, State Street remains optimistic about gold's prospects, citing significant structural tailwinds that they believe will sustain the gold bull cycle. They concluded, "Though the ride may be bumpier versus 2024-2025, we believe the gold bull cycle still has legs," and added, "A hawkish Fed pivot shouldn't change the structural post-Covid dynamic for gold." <h2 style="text-align: center;">Ownership and Share Structure1</h2> Less than 1% of the company is held by insiders, management, and strategic corporations, and about 74% is held by institutions. The rest is in retail. Its market cap is US$112.14 billion with 500.04 million shares outstanding. It trades in a 52-week range of US$157.68 and US$348.94." <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>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 Mines Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31720"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31720" width="0" height="0"> ( Companies Mentioned: AEM:TSX; AEM:NYSE, ) Mon, 06 Jul 2026 00:00:00 PST Mining Company Discovers Second High-Grade Tungsten-Molybdenum Deposit at Portugal Project https://www.streetwisereports.com/article/2026/07/06/mining-company-discovers-second-high-grade-tungsten-molybdenum-deposit-at-portugal-project.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/mining-company-discovers-second-high-grade-tungsten-molybdenum-deposit-at-portugal-project.html?utm_medium=feed">Streetwise Reports 07/07/2026</a> Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE) uncovers a new tungsten-molybdenum discovery at Borralha, Portugal, with assays reaching 4.69% WO₃.<a href="https://www.streetwisereports.com/pub/co/11251?utm_medium=feed" target="_blank" rel="noopener">Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE)</a> has announced results from the first drill hole at the Venise Breccia of its Borralha tungsten project in Portugal, establishing a high-grade tungsten-molybdenum discovery that was not previously part of its Preliminary Economic Assessment (PEA). The Venise Breccia is 400 meters northwest of the Santa Helena Breccia, which has so far been the company's sole known deposit. The first drill hole intersected: <ul> <li>13.0 meters grading 1.00% WO₃ (tungsten), including 3.0 meters grading 4.15% WO₃</li> <li>8.0 meters grading 0.61% WO₃ and 0.128% MoS₂ (molybdenum disulfide), including 5.0 meters grading 0.96% WO₃</li> <li>6.0 meters grading 0.80% WO₃, including 1.0-meter grading 4.69% WO₃</li> <li>21.0 meters grading 0.25% MoS₂, including 12.0 meters grading 0.30% MoS₂</li> </ul> Allied's company management has suspected that Borralha hosts multiple mineralized breccia systems, and the company believes that successful delineation of Venise could increase the scale, line life, and value of the entire Borralha project. The Venise discovery is being advanced as part of Allied's fully funded 20,000-meter drilling program at Borralha, which is the largest drilling campaign on the project in recent decades. Six drill rigs are currently operating across the property, with a seventh rig expected to be mobilized in the near future. Roy Bonnell, CEO & Director, spoke of the results, saying, "These first assay results from the newly discovered Venise Breccia represent one of the most significant exploration successes at Borralha in recent decades. For the first time, we have confirmed a second high-grade tungsten-molybdenum breccia system outside the deposit that forms the basis of our current PEA. This discovery demonstrates that Borralha is evolving from a single-deposit development project into what may become one of the Western world's most significant tungsten districts." Bonnell continued: "Perhaps most importantly, Venise is an entirely new ore body located only 400 meters from Santa Helena, the deposit that underpins our current PEA. This means we are now demonstrating the potential to grow Borralha beyond the project currently contemplated in our development plans. The fact that Venise displays a different mineralization style than Santa Helena also strengthens our geological model that Borralha is a much larger multi-phase tungsten-molybdenum system capable of hosting multiple mineralized breccias. With drilling continuing at both Venise and Santa Helena, we believe we are only beginning to unlock the full district-scale potential of Borralha." Allied Critical Minerals Inc. is a Canadian mining company focused on tungsten production in Portugal. <h2 style="text-align: center;">Tungsten Critical for War</h2> As one of the strongest metals in the world, with the highest melting point of all metals, tungsten's use in weaponry is critical in a time of war. <a href="https://finance.yahoo.com/sectors/energy/articles/america-tungsten-wake-call-guardian-103042232.html" target="_blank" rel="noopener">China, Russia, and North Korea produce roughly 90% of the world's tungsten</a>, which has left the U.S. scrambling to secure solid domestic supply sources since President Trump's tariffs sparked tension between the nations. As of January 1, 2027, a federal procurement rule will take effect that <a href="https://www.instituteforenergyresearch.org/international-issues/trump-administration-secures-deal-with-kazakhstan-for-tungsten/%20https://www.factmr.com/report/tungsten-market" target="_blank" rel="noopener">bans sourcing tungsten</a> from China, Russia, Iran, and North Korea if it is to be used for U.S. defense operations. The tungsten market as a whole is anticipated to grow from <a href="https://www.fortunebusinessinsights.com/tungsten-market-115884" target="_blank" rel="noopener">US$5.78 billion in 2026 to US$9.19 billion by 2034</a>. The market is broad, with tungsten necessary for everything from weaponry to energy supply to lightbulbs. After experiencing a 667% rally earlier in 2026, this metal has stayed in high demand. <h2 style="text-align: center;">Analysts See Near-Term Production </h2> Analyst Surya Sankarasubramanian of Ventum Capital Markets reiterated a "Buy" rating for Allied on June 18, 2026, but raised its price target from CA$2.75 to CA$2.95. This rating was given prior to the release of the Venise Breccia data, which has only strengthened the company's position. Sankarasubramanian wrote: "We like Allied because it offers near-term production potential through Vila Verde and longer-term scale potential through Borralha, where current exploration is poised to augment that potential." Later, on June 22, 2026, Diamond Equity Research initiated coverage on Allied, offering a CA$3.50 price target. The research report said: " he valuation incorporates separate project-level forecasts for Borralha and Vila Verde, with Borralha treated as the company’s core long-term development asset and Vila Verde modeled as a near-term pilot plant opportunity. For Borralha, we model the 13.0 Mt M&I resource as the core operating base over an 11- year mine life, while the 7.7 Mt inferred resource is treated as a separate, lower confidence mine-line extension optionality. For Vila Verde, we model a near-term pilot plant case with an initial throughput of 150,000 tpa over 5 years." [OWNERSHIP_CHART-11251] <h2 style="text-align: center;">Drill Program Among 2026 Catalysts</h2> Drilling is continuing to test the interpreted central and deeper portions of the Venise Breccia as part of Allied's 2026 20,000-meter drill campaign. Additional assay results will be released as they become available. Visual logging from ongoing drilling has continued to identify brecciation. According to the company, " In parallel with the Venise exploration program, Allied continues to advance drilling at Santa Helena, the cornerstone deposit supporting the Borralha PEA. The current drilling program is focused on infill and testing extensions of the known mineralized breccia system, improving geological confidence and evaluating opportunities to expand mineral resources beyond the current mine plan." <h2 style="text-align: center;">Ownership & Share Information1</h2> Allied Critical Metals Inc. has a market cap of CA$416.22 million, with 180.96 million shares outstanding. The company's 52-week range is CA$0.29-CA$2.46. Institutions own 16% of shares, while Management & Insiders own 31%. The remaining 53% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a><a href="https://www.streetwisereports.com/pub/co/11251?utm_medium=feed" target="_blank" rel="noopener"></a>Important Disclosures:<ol> <li>Allied Critical Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Allied Critical Metals Inc.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. \</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31719"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31719" width="0" height="0"> ( Companies Mentioned: ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE, ) Tue, 07 Jul 2026 00:00:00 PST Green Bridge Metals Advances Serpentine Copper-Nickel Project https://www.streetwisereports.com/article/2026/07/06/green-bridge-metals-advances-serpentine-copper-nickel-project.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/green-bridge-metals-advances-serpentine-copper-nickel-project.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Green Bridge Metals secures drilling approval at its Serpentine copper-nickel project as copper demand rises. Learn key facts for investors on resources, plans, and market timing.<a href="https://www.streetwisereports.com/pub/co/11448?utm_medium=feed" target="_blank" rel="noopener">Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB)</a> is moving forward with exploration at its Serpentine Copper-Nickel Project in Minnesota. The company<a href="https://greenbridgemetals.com/news/green-bridge-metals-obtains-exploration-drilling-plan-approval-and-selects-foraco-for-phase-1-diamond-core-drilling-at-serpentine-copper-nickel-project-minnesota-usa" target="_blank" rel="noopener"> has received approval of its exploration plan from the Minnesota Department of Natural Resources for its Serpentine Copper-Nickel Project in St. Louis County, Minnesota.</a> The copper market is drawing attention from investors due to its role in electrification, data centers, and renewable energy infrastructure. Copper serves as a key input in electric vehicles, power grids, and electronics, creating sustained demand pressure even as supply faces constraints from aging mines and geopolitical factors. <h2 style="text-align: center;">Copper Market Trends Create Context for Junior Miners</h2> <a href="https://finance.yahoo.com/markets/commodities/articles/coppers-next-move-depends-washington-190000316.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABRrJ7_TWOPIIZj8eJL-0Zw2DTgHzEDlltOL9cTbhuJVoGFMggELLQ18RyvRC1TRv5ToGDMiX2ZUhR-VODAZA-OE-tJxG3LjjVGKyPPw_nY43Hz5-NBIUr3oPChjFa8cvVxCX5v-Widh3-YAxNlBI4P6dsUZEorWVh-l9zDaWaFb" target="_blank" rel="noopener">Yahoo Finance reported on July 3 that uncertainty surrounding U.S. trade policy had become a more immediate influence on copper markets than shipping disruptions in the Strait of Hormuz. </a> <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics reported on July 4 that copper futures had climbed toward US$6.20 per pound and were on track for a weekly gain as traders reduced expectations for additional U.S. Federal Reserve interest rate hikes following weaker-than-expected June employment data.</a> <a href="https://seekingalpha.com/article/4919910-mid-year-2026-market-outlook-oil-gold-and-copper" target="_blank" rel="noopener">In a July 5 market outlook, Power Hedge wrote that "the long-term commodity bull thesis remained intact," adding that "copper miners and diversified mining companies may outperform as AI-driven demand outpaces supply growth."</a> These developments highlight how policy decisions, employment data, and long-term industrial needs can influence pricing for this widely used metal. <h2 style="text-align: center;">Why Green Bridge Metals Stands Out in the Sector</h2> Green Bridge Metals focuses on copper-nickel assets in an established North American district. The company holds the Serpentine project, which already contains defined mineral resources. This positioning allows investors to evaluate a junior company with existing data rather than a pure exploration play. The project benefits from nearby infrastructure, including roads, railways, and processing facilities, which can reduce future development costs if the asset advances. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Serpentine hosts an Inferred Mineral Resource of 279.9 million tonnes at 0.37% copper, 0.12% nickel, and 0.007% cobalt, plus 21.6 million tonnes Indicated at 0.46% copper, 0.16% nickel, and 0.014% cobalt, using a US$10.25 per tonne net smelter return cutoff.</li> <li>Phase 1 drilling of at least 1,640 meters is set to begin in August 2026 after Minnesota DNR approval, with Foraco International contracted to perform the work.</li> <li>Metallurgical test work and resource refinement are planned alongside drilling to support future technical studies.</li> <li>The project lies in a premier copper-nickel district with existing infrastructure that may help lower capital requirements for potential development.</li> <li>Third-party commentary has highlighted both copper market fundamentals and the possible presence of titanium in core samples as factors worth monitoring.</li> <li>Green Bridge maintains a modest share structure with 231.25 million shares outstanding and a market capitalization of CA$34.69 million.</li> </ul> <h2 style="text-align: center;">Project Resources and Technical Details</h2> The technical report with an effective date of July 14, 2025, outlines the current mineral resource estimate at Serpentine. Inferred resources total 279.9 million tonnes grading 0.37% copper, 0.12% nickel, and 0.007% cobalt. The Indicated portion stands at 21.6 million tonnes grading 0.46% copper, 0.16% nickel, and 0.014% cobalt. Both categories use the same US$10.25 per tonne net smelter return cutoff. Net smelter return refers to the estimated revenue from metal sales after deducting smelting and refining charges. These figures provide a baseline for investors assessing the project's scale. <h2 style="text-align: center;">Planned Drilling Program and Next Steps</h2> <a href="https://greenbridgemetals.com/news/green-bridge-metals-obtains-exploration-drilling-plan-approval-and-selects-foraco-for-phase-1-diamond-core-drilling-at-serpentine-copper-nickel-project-minnesota-usa" target="_blank" rel="noopener">CEO David Suda said in a company news release,</a> "We are excited to secure the DNR approval and select Foraco once again to commence our Phase 1 drilling at Serpentine. Serpentine already hosts significant Inferred Mineral Resources and Indicated Mineral Resources within one of North America's premier copper-nickel districts. Our objective is to systematically advance the project through additional drilling, resource refinement, and metallurgical work designed to improve our understanding of the deposit and support future technical studies." The Phase 1 program targets high-priority zones and areas where additional data could increase geological confidence. Foraco will mobilize equipment, building on its prior work at the company's Titac project. Parallel metallurgical testing aims to clarify recovery rates and processing options. Longer-term plans referenced in the June 2026 corporate presentation include a 25,500-meter infill drilling campaign, water monitoring wells, and engineering studies leading toward a potential Preliminary Economic Assessment in 2027 and Pre-Feasibility Study in 2029. <h2 style="text-align: center;"> Perspectives on Copper and Project Potential</h2> <a href="https://www.streetwisereports.com/article/2026/04/27/copper-actually-is-the-new-silver.html?utm_medium=feed" target="_blank" rel="noopener">Ballanger returned to the copper market in an April 27 update,</a> where he listed Green Bridge Metals among junior copper companies held in GGM Advisory portfolios. He noted that mine closures and declining output from major operations affect supply, while policy support for new exploration could benefit juniors. Earlier commentary from Michael Ballanger highlighted the presence of ilmenite in core samples, which increases the possibility of a titanium component. Titanium is valued for its strength-to-weight ratio and corrosion resistance in aerospace, medical, and industrial uses. <a href="https://gcbnztydhzshluvoimvq.supabase.co/storage/v1/object/public/documents/presentations/1782514204475/GRBM-Corporate-Deck-June-26-2026-.pdf" target="_blank" rel="noopener">According to the company's June 2026 corporate presentation</a>, historical metallurgical work from 2012 showed strong recoveries of copper and nickel, and the project maintains a low strip ratio that could support efficient mining if development proceeds. [OWNERSHIP_CHART-11448] <h2 style="text-align: center;">Share Structure and Ownership Profile</h2> 1Encampment Minerals holds approximately 10% as a strategic partner. Four institutional investors own 15% of the float. Management and insiders hold 1.14%, including 2 million shares owned by CEO David Suda. The company has 231.25 million shares outstanding and a market capitalization of CA$34.69 million, with a 52-week trading range of CA$0.08 to CA$0.38. <h2 style="text-align: center;">Frequently Asked Questions</h2> <ul> <li>What approvals has Green Bridge received for Serpentine? The Minnesota Department of Natural Resources approved the exploration plan, permitting up to twelve diamond core holes in 2026.</li> <li>When will Phase 1 drilling start? The program is expected to begin in August 2026 with a minimum of 1,640 meters of diamond core drilling.</li> <li>Does the project have existing resources? Yes, the July 2025 technical report outlines both Inferred and Indicated mineral resources using a US$10.25 per tonne net smelter return cutoff.</li> <li>What infrastructure advantages exist? The project is located near railways, roadways, and processing facilities in an established mining jurisdiction.</li> <li>Are there plans beyond drilling? The company intends to conduct metallurgical testing and environmental surveys to support future resource updates and technical studies.</li> </ul> Green Bridge Metals continues to advance the Serpentine project through permitted drilling and supporting technical work. Investors can monitor results from the Phase 1 program and any updates to the mineral resource estimate as additional data becomes available. The broader copper market backdrop provides context for evaluating progress at this copper-nickel asset in Minnesota. <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>Green Bridge Metals is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Green Bridge Metals.</li> <li>Jordan Nova 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=31716"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31716" width="0" height="0"> ( Companies Mentioned: GRBM:CSE;GBMCF:OTC; J48:FWB, ) Mon, 06 Jul 2026 00:00:00 PST Price Stability or Maximum Full Employment? https://www.streetwisereports.com/article/2026/07/07/price-stability-or-maximum-full-employment.html Source: <a href="https://www.streetwisereports.com/article/2026/07/07/price-stability-or-maximum-full-employment.html?utm_medium=feed">Michael Ballanger 07/06/2026</a> Michael Ballanger of GGM Advisory Inc weighs Fed Chair Warsh's inflation fight against weak jobs data, while spotlighting Fitzroy Minerals' high-grade Chile copper hits.When recently-appointed Fed Chairman Kevin Warsh took to the podium two Wednesdays ago to lecture the Wall Street media throng about Fed accountability, he was operating on the assumption that the bogeyman hiding behind the curtains of economic vibrancy was inflation. He had good reason, as the past two dozen reports had confirmed a CPI running sharply higher than the Fed's 2% target rate, and that jobs were plentiful and growing and therefore of little or no concern for the keeper of the Wall Street punchbowl that has been the life-sustaining teat for a bull market now in its seventeenth year. Oh, sure, there have been tiny corrections along the way, but all of them have been brief and, more importantly, met with Fed stimulus and/or Fed "jawboning" designed to prop up sagging equities. Chronological List of Corrections (March 2009–Present) <table> <tbody> <tr> <td> Timeline </td> <td> Approximate Peak-to-Trough Decline </td> <td> Primary Market Catalyst </td> </tr> <tr> <td> Spring 2010 </td> <td> -16.0% </td> <td> European Sovereign Debt Crisis & "Flash Crash" </td> </tr> <tr> <td> Summer 2011 </td> <td> -19.4% </td> <td> U.S. Debt Ceiling Crisis & S&P Credit Downgrade </td> </tr> <tr> <td> Spring–Summer 2015 </td> <td> -12.4% </td> <td> Chinese Economic Slowdown & Yuan Devaluation </td> </tr> <tr> <td> Winter 2015–2016 </td> <td> -13.3% </td> <td> Crashing Global Oil Prices & Fed Rate Hike Fears </td> </tr> <tr> <td> Early 2018 </td> <td> -10.1% </td> <td> "Volmageddon" (VIX Volatility Spike) </td> </tr> <tr> <td> Late 2018 </td> <td> -19.8% </td> <td> Aggressive Federal Reserve Quantitative Tightening </td> </tr> <tr> <td> Fall 2020 </td> <td> -10.0% </td> <td> Overextended Tech Valuations & COVID Second-Wave Fears </td> </tr> <tr> <td> Late 2023 </td> <td> -10.3% </td> <td> Surging 10-Year Treasury Yields ("Higher for Longer" Rates) </td> </tr> <tr> <td> Early 2024 </td> <td> -10.2% </td> <td> Sticky Inflation Prints & Delayed Fed Rate Cut Expectations </td> </tr> <tr> <td> Early 2025 </td> <td> -11.0% </td> <td> Escalating Global Trade and Tariff Tensions </td> </tr> <tr> <td> Spring 2026 </td> <td> -10.5% </td> <td> Geopolitical Friction in the Middle East & Tech Sector Profit-Taking </td> </tr> </tbody> </table> On average, the market has hit a correction roughly every 1.5 years over this period and while most of these corrections resolved quickly, they took a miniscule average of 3 to 5 months to hit bottom and bounce back with every single one of these 11 corrections ultimately acting as a launchpad for the market to march onward to new all-time highs with the Fed largely to thank for the outcomes. (In contrast, the 1973-1974 bear market lasted 21 months and shed 48.2%.) So Chairman Warsh, operating under the guise of "inflation fighter," put the Wall Street crowd on full alert that under his watch ‘the Fed will deliver price stability," a phrase which was repeated numerous times during his prepared remarks and in the presser that followed. However, if one is a cynic, as I am, one might surmise that the bankers and brokers (and White House spin doctors) had to find an innocuous way of tilting Warsh's propensity for "punchbowl removal tactics," and it had to be a departure from the antics of the last two years with the POTUS openly critical (verging upon slanderous) of the performance of then-Chairman Jerome Powell. During that period, President Trump used the following adjectives to describe Chairman Powell: <ul> <li>"Too Late Powell" coined to complain that the Fed was too slow and delayed in lowering interest rates.</li> <li>"A Stiff": Trump used this to describe Powell's public demeanor and rigid stance on monetary policy.</li> <li>"Total Loser": Used in social media posts blasting Powell's overall performance at the central bank.</li> <li>"Numbskull": Trump repeatedly used this label during White House remarks and on social media when demanding deeper rate cuts.</li> <li>Stubborn Moron" / "Moron": Hurled after the Fed chose to hold interest rates steady despite White House pressure.</li> <li>"Knucklehead": Used by Trump when addressing journalists regarding reports about his relationship with the Fed chief.</li> <li>"A Real Dummy": Used interchangeably with other playground taunts to criticize Powell's economic strategy.</li> <li>"Fool": Posted on Truth Social after a Fed decision to keep benchmarks unchanged.</li> <li>"Too Stupid": Part of a longer social media rant claiming Powell was too political and lacked the intelligence for the job.</li> </ul> As the year wore on, the polls began to show that the voting public did not necessarily approve of the antics of a sitting president insulting a member of a "hallowed hall" like the Federal Reserve, so the battery of Fed advisors realized that since no amount of public verbal abuse could change Fed policy, they had to find another way. That arrived last Thursday in the form of the data. The Wall Street gang pored over every verb, noun, and adjective in the initial Warsh speech delivered two weeks after the S&P registered its 2026 top, and they determined that this Fed Chairman will respond to one thing and one thing alone and independent from all other extraneous inputs, and that one thing is the data. What the data last Thursday revealed to Chairman Warsh was that the number of new jobs, expected to be in the 110,000 to 115,000 range, came in at 57,000 new jobs. In addition, May's initially strong job growth numbers were revised down significantly, from 172,000 down to 129,000. Combined with April's downward revision, the economy actually had 74,000 fewer jobs than previously reported heading into June. But wait! The data had been telling Warsh in the weeks and months leading up to his appointment that he needn't worry about jobs because jobs were plentiful and that it was the CPI that was to be uncomfortably ensconced in the crosshairs of his anti-inflation bazooka. The data revealed a rapidly slowing economy, and in the minds of those who have gorged themselves on the Fed punchbowl for nigh on five decades, they determined that the only way to keep that punchbowl full to the brim with bonus pool sustenance was to make sure the data fed to Chairman Warsh would be "Wall Street friendly". No need for insults, personal attacks, or character assassination commentaries; putting out a weak jobs report was tantamount to leaving a trail of bread crumbs in the snow while trying to catch a pigeon. The problem for Wall Street is that the babelicious group (as opposed to "bubblicious" group) of semiconductor stocks that have been running rampant since the end of March has now entered into a full-blown correction. Their massive run eventually pushed the $SOX:US to a record all-time high of 14,655.29 in late June, briefly placing the index up roughly 94% year-to-date before suffering a sharp profit-taking correction heading into July. By financial definition, a market correction occurs when a major index drops between 10% and 20% from its recent peak, which means that the semiconductors, now off 13.85% since their June 22 top, have officially entered "correction" mode. The former leaders — the Mag Seven — hit their correction low on June 26 before a late-week bounce took them out of correction mode as chip stocks gave way to the hyperscalers as a rotational transition. Shorting the semiconductor stocks has been a particularly hazardous pastime for this septuagenarian author and market historian since they first caught my eye back in April. I did my absolute best to break every major trading rule in the book. Not only did I take on short positions in an obvious bull market, but I also added to losing positions on the way up while abandoning any consideration of perfunctory risk management techniques in favor of self-confidence, ego massage, and unbridled hubris. Luckily, I adopted a "Damn the torpedoes, full speed ahead" strategy after the Warsh FOMC speech on the assumption that Mr. Warsh is determined to remove the Wall Street feeding trough amply stocked by Fed policy since 1987. I use the term "luckily" quite loosely in reference to the act of throwing investment caution to the proverbial wind in trying to rescue a losing position because the adoption of a "Hail Mary" type of play can, many times, result in catastrophic losses. However, I cannot count the number of occasions where I have been "early" on a trade and bailed because one or more of the trading rules told me to get out. The most glaring was September 1987, when, after taking losses on hedge positions for the prior four months, I let a "senior research director" convince me to abandon any notion that stocks were overvalued because, after all, "this time is different". Had I replaced the hedges in October, the gains would have been in excess of CA$3 million on a CA$20k downstroke, which would have occurred because of the sheer magnitude of the 1987 Market Crash. Events like that at an early stage of a career rarely, if ever, go unremembered. The Philadelphia Semiconductor Index ($SOX:US) (or as I call it, "the Semi Trade") has caused me all kinds of headaches since mid-April, but thankfully, this week it has finally begun to move my way. The $SOX:US closed at 14,246.96 on Tuesday, June 30, 2026, before suffering sharp consecutive losses (11.38%) due to heavy profit-taking across major chipmakers. The index now sits at 12,626.22, having broken the 20-dma on Wednesday. The uptrend from the March 30 low has hugged the 20-dma all the way up, and now that it is broken, the 50-dma at 12,323 will be next to give way, leading to a break of the 100-dma at 10,247. I see an RSI under 30 if it tests the 100-dma, so that is where I will cover some (but not all) of my shorts. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267664029_1.png" alt="" width="624" height="472" /> Alas, if the 100-dma gives way, the 200-dma is at 8,671, a 40.87% drop from the June highs. That would be one serious drop at which many might scoff, but which this old cynic thinks entirely probable. In the Friday email alert sent out at around 9:30 a.m., I made the remark that perhaps it would be wise to stick to areas of the market in which I am both experienced and skilled, namely, the metals. As a person often branded as having an "addictive personality", I have always wondered whether that moniker comes from people being addicted to my personality or whether it is because of my affection (affliction?) for addictive substances. I often joke about my predilection for taking sledgehammers to locks on containers such as liquor cabinets or medicine chests (usually during periods of market turmoil), but when it comes to markets, I am an absolute sucker for any asset that becomes the recipient of that wondrous "group chase" by robot-driven hedge funds or social media campaigners like Robin Hood. Hence, I elected to take on the singular most powerful stock promoter on the planet in the form of Elon Musk, who has mismanaged Tesla Inc. (TSLA:NASDAQ) incorrigibly in its quest for EV market share and dominance, but who has managed brilliantly in the area of "stock price management". Musk is the living embodiment of past promoters masquerading as "entrepreneurs" and, as such, reminds me of business leaders of past eras that had brief stays at the top of the mountain but who all crashed and burned horrifically once the curtains were finally pulled back. Elizabeth Holmes (Theranos), Adam Neuman (WeWork), Sam Bankman-Fried (FTX), Leona Helmsley (Helmsley Hotels), and Kenneth Lay (Enron) were all absolutely revered by Wall Street bigwigs and, in fact, lionized by the financial press, as we saw countless times with "featured interviews" with all these personalities by the leader of the cartoon networks, CNBC. Now, I am sure that at every turn, Elon Musk has followed all the rules and never once transgressed any of the "grey areas" of corporate governance or compliance issues. I just have a difficult time fathoming how a company that burns US$5 billion a year, like SpaceX (SPCX:NASDAQ), can command a US$3 trillion market cap and be the darling of the marketplace, especially with failed EV-makers like Tesla out there struggling to make ends meet. What I should probably attempt in future forays is to stick to the knitting that absorbed me for the better part of fifty years as an investor, which, of course, is the metals. A subscriber reminded me this week that the best call he had ever witnessed was my call on March 16, 2020, to buy gold and silver, miners. As global financial markets panicked over spreading pandemic lockdowns, investors aggressively liquidated positions across all asset classes — including safe havens like precious metals — to raise immediate cash. This broad liquidity squeeze forced the GDX:US down to an intraday low of US$16.18 on March 16, before it closed the session at US$19.00. On the opening that morning, I was buying every call option I could afford in the GDX August US$20 calls and held them right into the summer of 2020, where I pitched them for a ten-bagger gain. However, that, as they say, was then, and this is now, so what have I done in 2026? <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267664111_2.png" alt="" width="624" height="472" /> While fixated with the galloping semis, I exited most of my long positions in gold and silver into late-December 2025 with gold around US$4,600 and silver around US$75 with RSI readings for both in the high 70s-low-80s (meaning really overbought). They both kept on rising, so I attempted my first short sale on silver between US$75 and US$80, but was stopped out two days later with a 20% haircut. Then again, in mid-January of 2026, I again attempted to short silver in the US$85 range and again limped away with a minor scratch as opposed to a life-ending amputation. Finally, on the last Sunday of the month, I told subscribers to divide their speculative capital into five equal parts and buy a 20% position in the ProShares Ultra Short Silver 2X ETF (ZSL:US) each day for the next five sessions in order to "scale in" to what was going to be my final stab at timing the top of what was an obvious bubble. In fact, here is what I wrote that day: "Remember that it is a US$17,175 speculation within a US$2.7 million trading account — a 0.64% hit if I'm wrong and silver goes to US$500 and never turns back, and if THAT happens, my big junior silver holdings will undoubtedly be sporting profits many times the dollars invested in the ZSL:US." <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267664135_3.png" alt="" width="624" height="472" /> I scaled into a big silver short position all week long, with the final tranche being the very day of that violent outside key reversal that marked the top above US$120 per ounce. While I have since taken profits, I did not issue a buy signal on either gold or silver until June 24, when I took out a modest long position on the SLV August US$50 calls (after a false buy signal the week before). I honestly was not sure if the metals had put in a tradable bottom at the time, but since then, gold has moved from under US$4,000 on June 29 to over US$4,187 today, with September silver moving from US$56.13 to US$62.815 at the same time, giving me comfort that the lows are in for at least a little while. Unfortunately, these trades on the metals are nothing more than trades because, as the chart on page 8 reveals, gold is in a bear market, trading down 6.97% YTD and is down almost 30% from its January peak. I see gold rallying to US$4,320 first (the downtrend line) and then US$4,659 (100-dma). September silver should recover to around US$75.00, which is both the downtrend line and the 10-dma. For SLV:US, a recovery to around US$68.00 is possible (but I dare not print "probable"). <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267664202_4.png" alt="" width="624" height="570" /> The bulk of my speculative capital remains in the GGMA 2026 Trading Account, which means that it is fully invested in junior resource companies listed on the S&P/TSX Venture Exchange. My largest holding and top pick since 2023 has been Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB), which provided an update on their 2026 drill program at Buen Retiro in the Atacama Region of northern Chile. The company reported 57.0 meters at 1.73% Cu, including 12.0 meters at 5.39% Cu (note: this is not "CuEq"; this is straight copper), which came from the southwest section of the property, the exclusive domain of an oxide cap, which they are currently drilling out. They keep drilling "sterilization" holes to define the outer perimeter of the deposit, and they keep hitting copper-bearing oxides, so it is no surprise that a drill program originally pinned at 7,500 meters has been expanded to the current 22,000 meters, a superb testimonial to the success of the current drill program. It is no longer a question of whether there are economically viable amounts of copper residing here, but rather how much copper is actually there. While gold and silver are technically in bear market territory seeking out bottoms, copper is not in such a state, still strongly positioned in a secular bull market that is driven purely by the need and wants of an ever-expanding electrical grid on every continent and the insatiable demand for copper wiring by the AI-driven data-center build-outs. Junior copper developers are at the top of my investment food chain, as there are few new projects scheduled to be in production before the decade is over. Fitzroy Minerals Inc. is expected to commence production with partner Pucobre SA by 2028, which sets its fully apart from most of its counterparts. As a group, the juniors are doing exactly what the juniors do in the months of June through September, which is "very little". Even a superb drill at Buen Retiro had only a brief bullish impact on the stock price. However, over time, this will change, and by mid-September, the speculative juices should have returned to the junior metals. In the meantime, continued results at Buen Retiro should act as the battering ram shown above, pounding away at the walls of "institutional apathy" currently plaguing the sector. This, too, shall pass… [SMNLINSERT]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 and Tesla Inc.</li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Fitzroy Minerals, SLV, and $SOX. 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=31712"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31712" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, ) Mon, 06 Jul 2026 00:00:00 PST Koryx Copper Advances Haib with Strong Drill Results https://www.streetwisereports.com/article/2026/07/06/koryx-copper-advances-haib-with-strong-drill-results.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/koryx-copper-advances-haib-with-strong-drill-results.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Koryx Copper delivers wide intercepts at its Haib Copper Project in Namibia. See why recent assays and flowsheet work position the company for a potential PFS catalyst by year-end 2026.The global copper market continues to draw attention from retail investors as demand drivers such as data centers, electric vehicles, and renewable energy infrastructure remain robust. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics reported on July 4 that copper futures approached US$6.20 per pound and were positioned for a weekly gain after weaker-than-expected June U.S. employment data reduced expectations for additional Federal Reserve interest rate hikes.</a> At the same time, supply constraints and long-term electrification needs keep the metal in a structural uptrend, according to multiple market observers. <h2 style="text-align: center;">Why Koryx Copper Stands Out in the Current Environment</h2> Koryx Copper SA (KRY:TSXV; KRYXF:QTCQX; KYX:NSX) has emerged as a focused copper developer with a large-scale asset in a stable jurisdiction. The company owns 100 percent of the Haib Copper Project in southern Namibia, a disseminated porphyry copper deposit that also contains molybdenum and gold. This combination gives investors exposure to multiple metals within a single project while the company advances technical work ahead of a planned prefeasibility study. <h2 style="text-align: center;">Recent Drill Results Highlight Resource Growth Potential</h2> The latest batch of assays from the ongoing infill and expansion program provides concrete evidence that the resource model is holding up well. These <a href="https://koryxcopper.com/wp-content/uploads/2026/06/2026_06_29_Koryx_Drill_Results_CC_HD.pdf" target="_blank" rel="noopener">assay results were from 15 drill holes totaling 5,351 meters, completed as part of the ongoing infill and expansion drill program at its wholly owned Haib Copper Project in southern Namibia.</a> Several holes returned wide intervals starting from surface with copper equivalent grades above the current resource average, plus localized higher-grade zones of gold and molybdenum. Key intercepts included hole HM138 with 584 meters grading 0.34 percent CuEq from surface, HM149 with 428 meters at 0.35 percent CuEq, and HM153 with 714 meters at 0.31 percent CuEq. Additional results, such as HM141, HMRC001, and HM137, further confirmed the continuity of mineralization across multiple targets. These outcomes support the existing resource model and suggest room for expansion in both tonnage and grade. <h2 style="text-align: center;">Target-Specific Highlights and Model Refinements</h2> At Target 1, hole HM139 encountered high-grade copper and gold in the lower portion that had not been seen in prior drilling. The hole ended in mineralization due to rig limitations and will be extended later this year. At Target 2, HM138 delivered the highest gold values recorded at the project to date, while HM153 showed consistent molybdenum across its entire length. At Target 4, a minor boundary adjustment was noted, but it does not materially change the mineralization interpretation. <h2 style="text-align: center;">Project Economics and Processing Strategy</h2> The Haib deposit is envisioned as a large-scale open-pit operation using conventional crushing, milling, and sulphide flotation to produce copper and molybdenum concentrate. Oxide heap leaching offers an additional path for copper cathode production. Ongoing flowsheet optimization, including coarse particle flotation, is designed to lower operating costs and reduce capital intensity ahead of the prefeasibility study. <a href="https://koryxcopper.com/wp-content/uploads/2026/06/2026_06_29_Koryx_Drill_Results_CC_HD.pdf" target="_blank" rel="noopener">President and CEO Heye Daun said in a company news release, </a>"This is another excellent set of drill results from our ongoing 15-rig drill program. Very wide intersections at good grades exceeding 0.3% CuEq, and mostly starting from surface, indicates the potential for further improvements of our mineral resource. In conjunction with the recently announced process flow sheet enhancements, we expect the economics of the Haib project to improve significantly in the upcoming PFS, which is on track to be published before the end of 2026." <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Wide, near-surface intercepts continue to validate and potentially expand the existing resource model at Haib.</li> <li>Flowsheet optimization work, particularly coarse particle flotation, targets lower costs and reduced technical risk.</li> <li>Namibia offers established mining infrastructure, clear property rights, and relatively low regional corruption.</li> <li>An analyst maintains a BUY rating with a price target of CA$5.00/</li> <li>The prefeasibility study remains on schedule for release in the second half of 2026.</li> </ul> <h2 style="text-align: center;">Industry Timing and Analyst Perspectives</h2> <a href="https://www.theflyingfrisby.com/p/my-new-company-recommendation-a-giant?utm_source=post-email-title&publication_id=741404&post_id=204296217&utm_campaign=email-post-title&isFreemail=true&r=2k0gk7&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In a July 1 report, Dominic Frisby identified Namibia as an emerging mining jurisdiction and highlighted a copper developer operating in the country as his preferred Namibia investment idea. </a> He noted that the project has become significantly de-risked and described it as one of the larger undeveloped copper deposits globally, supported by long-term demand from artificial intelligence, electrification, and defense applications. <a href="https://seekingalpha.com/article/4919910-mid-year-2026-market-outlook-oil-gold-and-copper" target="_blank" rel="noopener">Power Hedge wrote in a July 5 market outlook that its long-term commodity bull thesis remained unchanged</a>, highlighting potential benefits for copper producers if AI-related demand continues to outpace supply growth. Red Cloud Securities maintained a BUY rating with a CA$5.00 target, citing the flowsheet work as a key positive for project economics. [OWNERSHIP_CHART-11641] <h2 style="text-align: center;">Share Structure and Upcoming Catalysts</h2> Koryx Copper S.A. has a market cap of CA$299.88 million, with 121.5 million shares outstanding. The 52-week range is CA$6.36-CA$18.98. 1Institutions hold 13.27 percent, management and insiders own 4.37 percent, and the balance is held by retail investors. Key near-term catalysts include completion of the remaining infill drilling, extension of select holes, and publication of the prefeasibility study before the end of 2026. Infrastructure studies for power and water supply are also advancing in parallel. <h2 style="text-align: center;">Common Questions from Investors</h2> What is the primary metal at Haib? Copper is the main metal, with meaningful molybdenum and gold credits that can improve overall project economics. When is the prefeasibility study expected? The company targets release in the second half of 2026. Does the project have existing infrastructure advantages? Yes, a 220-kilovolt transmission line is located 45 kilometers away, and the Orange River lies about nine kilometers from the site. Are the recent drill results in line with the resource model? Most holes met or exceeded expectations and support the current model, with some high-grade zones offering upside. What is the company's stated goal for Haib? Management aims to optimize and de-risk the project toward an investment decision or potential asset or equity sale. Retail investors evaluating copper developers should weigh the long development timeline typical of large-scale porphyry projects against the improving fundamentals shown in the latest assays and technical work. Koryx Copper continues to advance its Haib project with steady drilling results and flowsheet refinements that keep the prefeasibility study on track for later this year. <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>Jordan Nova 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=31711"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31711" width="0" height="0"> ( Companies Mentioned: KRY:TSXV;KRYXF:QTCQX;KYX:NSX, ) Mon, 06 Jul 2026 00:00:00 PST Lake Victoria Gold Pushes Imwelo Project Forward Amid Gold Rally https://www.streetwisereports.com/article/2026/07/06/lake-victoria-gold-pushes-imwelo-project-forward-amid-gold-rally.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/lake-victoria-gold-pushes-imwelo-project-forward-amid-gold-rally.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Lake Victoria Gold advances its fully permitted Imwelo Gold Project with a new Tanzanian-led EPCM team while gold prices surge on soft jobs data, offering retail investors a timely development update.Recent U.S. employment data has triggered a notable rally in gold and silver prices, creating a favorable backdrop for developers advancing permitted gold projects. <a href="https://www.kitco.com/news/article/2026-07-02/gold-and-silver-rally-nfp-miss-dents-fed-hike-bets-kitco-am-report" target="_blank" rel="noopener">Kitco News reported on July 2</a> that weaker-than-expected payroll figures reduced near-term rate-hike expectations and pressured the U.S. dollar, sending spot gold higher. Within this environment, <a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE)</a> has taken a decisive step toward construction at its Imwelo Gold Project in Tanzania. The company appointed a fully compliant, Tanzanian-led Engineering, Procurement, and Construction Management (EPCM) contractor, marking a critical milestone that moves the fully permitted asset into final engineering and pre-construction phases. <h2 style="text-align: center;">Why Lake Victoria Gold Stands Out in the Current Gold Market</h2> Retail investors evaluating development-stage gold companies often focus on permitting status, financing visibility, and execution risk. Lake Victoria Gold differentiates itself by securing Mining Commission approval for its EPCM structure on June 29, ensuring full alignment with Tanzania's Mining (Local Content) Regulations of 2018. This regulatory compliance reduces political and operational risk while positioning the company for smoother project delivery. <h2 style="text-align: center;">Unique Business Model: Tanzanian-Led Execution with International Support</h2> The newly formalized EPCM arrangement pairs local expertise with global technical oversight. <a href="https://lakevictoriagold.com/lake-victoria-gold-formalizes-tanzanian-led-epcm-team-advancing-the-fully-permitted-imwelo-gold-project-toward-construction/" target="_blank" rel="noopener">According to a July 2 release</a>, Lake Victoria's subsidiary Tembo Gold Ltd. appointed City Engineering Company Limited (CECL) as primary EPCM contractor and commercial lead, with Sutton Consulting International Ltd. serving as international technical-support partner. CECL, a 100% Tanzanian-owned firm registered with key regulatory bodies, brings in-country engineering, environmental, and construction capabilities. Sutton contributes specialist reviews and African mine-development experience, creating an integrated team that satisfies local-content rules while maintaining international standards. <h2 style="text-align: center;">Key Assets and Recent Catalysts at Imwelo</h2> Imwelo holds a mining license ML 538/2015 and has advanced through JORC-compliant studies, although these are not current under NI 43-101 standards. The company has not yet completed a feasibility study establishing mineral reserves, so any production decision carries elevated technical and economic uncertainty. Recent progress includes completion of a sterilization drill program that confirmed the absence of significant gold mineralization beneath planned plant and camp sites, thereby de-risking infrastructure placement. Additional geotechnical work at Area C supports final pit-slope design and provides data for optimized mine planning. Financing activities have also advanced. Lake Victoria closed the final tranche of a non-brokered private placement of 5% convertible debentures, bringing total gross proceeds to CA$4,165,200. A proposed gold loan facility with Monetary Metals & Co. could supply up to approximately US$25 million, subject to conditions and approvals. These funds support engineering, procurement planning, tailings and water infrastructure design, and ongoing field programs. <h2 style="text-align: center;">Industry Timing and Broader Market Trends</h2> Gold's recent strength stems from softer labor-market data that lowered expectations for immediate Federal Reserve tightening. While the unemployment rate remains low, revised payroll figures and holiday-related liquidity constraints have introduced volatility that often favors precious metals. Lake Victoria Gold's advancement of a permitted project during this window allows investors to monitor both operational milestones and macro tailwinds simultaneously. <h2 style="text-align: center;">Analyst Views, Valuation, and Upcoming Events</h2> Atrium Research analyst Ben Pirie highlighted the sterilization results and strengthened Tanzanian team in a June 23 note, maintaining a Buy rating and CA$0.50 target price. Red Cloud analyst Alina Islam viewed the Monetary Metals term sheet as a largely non-dilutive funding pathway. Key upcoming catalysts include further Tembo Project results under the Barrick Mining Corp. (ABX:TSX; B:NYSE) alliance and potential construction start at Imwelo in Q3/2026. [OWNERSHIP_CHART-11073] <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>The EPCM appointment and Mining Commission approval establish a compliant, Tanzanian-led execution framework that reduces regulatory risk.</li> <li>Sterilization drilling has cleared critical infrastructure areas, materially lowering construction-related resource-sterilization risk.</li> <li>Recent convertible debenture financing and a proposed gold loan provide visible funding for engineering and pre-construction work.</li> <li>Imwelo remains at the pre-feasibility stage; investors should note the absence of current NI 43-101 reserves and associated technical uncertainties.</li> <li>Analyst targets and upcoming catalysts at both Imwelo and Tembo offer multiple potential re-rating opportunities.</li> <li>Macro gold strength driven by softer U.S. jobs data creates a constructive backdrop for development-stage names.</li> </ul> <h2 style="text-align: center;">Common Questions from Investors</h2> Q: What does the EPCM appointment mean for project timelines? A: It formalizes the team responsible for final engineering, procurement, and construction preparation, moving Imwelo closer to a potential construction decision in Q3/2026. Q: How does the gold loan facility affect shareholder dilution? A: The facility is denominated and repayable in gold ounces, offering a largely non-dilutive funding route subject to due diligence and approvals. Q: Why is local-content compliance important? A: It aligns with Tanzanian regulations, reduces permitting risk, and supports long-term social license to operate by prioritizing Tanzanian companies and professionals. Q: What risks should investors monitor? A: Key risks include the lack of current NI 43-101 reserves, potential cost overruns, grade variability, and the need for final regulatory approvals on financing. Lake Victoria Gold Ltd. has a market cap of CA$51.89 million, with 199.58 million shares outstanding. The company's 52-week range is CA$0.16-CA$0.36. 1Institutions own 15% of shares, while Strategic Corporate Investors own 23%, Management and Insiders own 28% of shares, and the remaining 34% of shares are held by Retail. Retail investors seeking exposure to a permitted Tanzanian gold project now have clearer visibility on execution structure, recent de-risking milestones, and financing progress. Continued monitoring of engineering updates and macro gold drivers will be essential as Lake Victoria Gold advances toward potential construction. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lake Victoria Gold Ltd.</li> <li>Jordan Nova 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=31710"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31710" width="0" height="0"> ( Companies Mentioned: LVG:TSX.V; LVGLF:OTCQB; E1K:FSE, ) Mon, 06 Jul 2026 00:00:00 PST Streamex Corp GLDY Token: Independent Gold Reserve Attestation https://www.streetwisereports.com/article/2026/07/06/streamex-corp-gldy-token-independent-gold-reserve-attestation.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/streamex-corp-gldy-token-independent-gold-reserve-attestation.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Streamex Corp (STEX:NASDAQ) delivers the first independent attestation for GLDY gold-backed tokens plus Siebert distribution, offering yield and compliance for institutional investors.Tokenized gold is emerging as a faster-growing segment within digital assets, with blockchain-based gold products expanding 2.6 times quicker than physical gold and surpassing US$5 billion in market capitalization during the first quarter. Streamex Corp. (STEX:NASDAQ) stands out in this environment through its GLDY tokenized security, which combines allocated physical gold backing with a yield generated via leasing. Retail and institutional investors seeking gold exposure often encounter limitations such as storage costs, lack of yield, and management fees in traditional vehicles like ETFs. Streamex addresses these issues directly with GLDY, a regulated security that delivers up to 3.5 percent annual yield paid in additional gold while maintaining one-to-one backing verified by third-party examination. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>GLDY tokens are backed by physical gold reserves confirmed through monthly independent attestations performed under AICPA standards, with the first examination showing a slight surplus of 3,064.915910 fine troy ounces against 3,064.674268 tokens outstanding.</li> <li>The recent Siebert Financial partnership enables accredited investors to purchase GLDY through standard brokerage accounts without crypto wallets or specialized onboarding.</li> <li>GLDY generates yield by leasing gold to commercial entities via Monetary Metals programs, while Streamex retains full title, converting a traditionally non-yielding asset into one that can deliver approximately 4 percent annualized returns in gold.</li> <li>Market data indicate tokenized gold has grown rapidly amid central-bank diversification trends, with Goldman Sachs maintaining a US$4,900 per ounce year-end 2026 forecast supported by structural demand.</li> <li>Streamex maintains regulatory compliance through KYC requirements and structures GLDY as a non-voting share in a special-purpose vehicle, aligning with institutional standards for transparency and custody via tZERO.</li> </ul> <h2 style="text-align: center;">Why Streamex GLDY Stands Out in Tokenized Gold</h2> <a href="https://ir.streamex.com/press-releases/detail/428/streamex-corp-announces-first-independent-reserve" target="_blank" rel="noopener">According to a July 1 release</a>, EisnerAmper LLP completed the first independent examination of GLDY reserves as of March 31. The attestation confirmed 100 percent coverage and issued an unmodified opinion, providing the rigorous verification institutions require before allocating capital. Streamex has committed to repeating these examinations monthly. Each review evaluates management assertions that redemption assets in fine Troy ounces equal or exceed outstanding redeemable tokens, including gold held in approved vaults and gold deployed under leasing arrangements where title remains with the company. <h2 style="text-align: center;">Accessibility Through Traditional Brokerage Channels</h2> <a href="https://www.streetwisereports.com/article/2026/06/29/fintech-pioneer-unlocks-gold-backed-yield-token-for-institutional-reach.html?utm_medium=feed" target="_blank" rel="noopener">Last month, Streamex announced a groundbreaking partnership</a> with Siebert Financial Corp. and tZERO Group Inc. This arrangement integrates GLDY into Siebert's wealth-management platform, allowing licensed brokers to present the token during ordinary investment discussions alongside equities and fixed-income products. <a href="https://en.cryptonomist.ch/2026/06/29/tokenized-gold-backed-security-gldy/" target="_blank" rel="noopener">A recent report by The Cryptonomist noted</a> that this structure removes previous barriers, making digital gold investment as straightforward as speaking with a broker. Clients can custody holdings with tZERO, a regulated digital securities platform, without needing blockchain-specific procedures. <h2 style="text-align: center;">GLDY Business Model and Yield Mechanics</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/11/a-tokenized-gold-platform-at-an-inflection-point.html?utm_medium=feed" target="_blank" rel="noopener">In a detailed analysis conducted on February 11</a>, John Newell of John Newell & Associates explained how GLDY solves structural shortcomings of conventional gold holdings. Each token represents a non-voting share in a special-purpose vehicle holding allocated physical gold on a one-to-one troy-ounce basis. Gold is leased through established Monetary Metals programs, and the resulting yield is distributed back to token holders as additional GLDY tokens rather than fiat currency. This approach eliminates storage, insurance, and ETF management fees while providing exposure to gold prices plus targeted returns near 4 percent. <h2 style="text-align: center;">Industry Timing and Broader Gold Market Trends</h2> <a href="https://www.kitco.com/news/article/2026-04-27/tokenized-gold-poised-further-growth-world-gold-council-pushes-market" target="_blank" rel="noopener">In an April 27 article by Neils Christensen for Kitco News</a>, Kurt Hemecker of Gold Token SA noted that tokenized gold growth stems from improvements in market structure rather than new physical demand. Institutional interest remains strong despite recent price volatility. Gold prices recorded a modest recovery in early July, with futures near US$4,041.30 and spot prices at US$4,025.89, following a 16 percent quarterly decline that marked the weakest performance in 13 years, <a href="https://www.cnbc.com/2026/07/01/gold-prices-fall-worst-quarter-interest-rates-bullion-precious-metals.html" target="_blank" rel="noopener">Hugh Leask reported for CNBC on July 1</a>. Goldman Sachs maintains a constructive long-term view, citing emerging-market central-bank diversification as a structural anchor for higher prices, <a href="https://finance.yahoo.com/markets/article/gold-is-not-done-goldman-sachs-predicts-a-rise-to-4900-142931918.html" target="_blank" rel="noopener">Ines Ferr reported for Yahoo! Business on June 29</a>. [OWNERSHIP_CHART-7701] <h2 style="text-align: center;">Ownership and Share Structure</h2> 2About 24 percent of Streamex is held by insiders and management, with institutions owning approximately 26 percent and the balance held by retail investors. Market capitalization stands at US$154.59 million with 181.81 million shares outstanding. The stock has traded between US$0.70 and US$14.11 over the past 52 weeks. <h2 style="text-align: center;">Common Questions from Investors</h2> <ul> <li>How is GLDY custody handled? Holdings can be custodied with tZERO, a regulated platform, through standard brokerage accounts at Siebert Financial.</li> <li>What yield does GLDY target? The structure aims for approximately 4 percent annualized yield paid in additional gold tokens via leasing arrangements.</li> <li>Who can purchase GLDY? The token is available to accredited and institutional investors who meet KYC requirements.</li> <li>How often are reserves verified? Independent attestations occur monthly under AICPA standards, with the first examination already completed by EisnerAmper.</li> </ul> Streamex's combination of verified gold reserves, yield generation, and traditional brokerage access positions GLDY as a practical option for investors evaluating tokenized assets within a regulated framework. Ongoing monthly attestations and expanding distribution channels provide continued transparency as adoption grows. <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 Streamex Corp. </li> <li>Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the John Newell article published on February 11, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 11, 2026), Streamex has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</li> <li>Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31709"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31709" width="0" height="0"> ( Companies Mentioned: STEX:NASDAQ, ) Mon, 06 Jul 2026 00:00:00 PST Midnight Sun Mining Expands Dumbwa Copper to 6.7 km Strike https://www.streetwisereports.com/article/2026/07/06/midnight-sun-mining-expands-dumbwa-copper-to-6-7-km-strike.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/midnight-sun-mining-expands-dumbwa-copper-to-6-7-km-strike.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Midnight Sun Mining advances its Dumbwa copper deposit in Zambia to 6.7 km of continuous mineralization. See the latest drill results, analyst Buy rating, and copper market catalysts for retail investors.Copper markets are responding to shifting U.S. trade policy and softer economic data that have tempered expectations for additional Federal Reserve rate hikes. <a href="https://finance.yahoo.com/markets/commodities/articles/coppers-next-move-depends-washington-190000316.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABRrJ7_TWOPIIZj8eJL-0Zw2DTgHzEDlltOL9cTbhuJVoGFMggELLQ18RyvRC1TRv5ToGDMiX2ZUhR-VODAZA-OE-tJxG3LjjVGKyPPw_nY43Hz5-NBIUr3oPChjFa8cvVxCX5v-Widh3-YAxNlBI4P6dsUZEorWVh-l9zDaWaFb" target="_blank" rel="noopener">Yahoo Finance reported on July 3 that attention had shifted away from shipping disruptions in the Strait of Hormuz and toward the pending U.S. review of the domestic refined copper market and a possible decision on copper import tariffs</a>. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics reported on July 4 that copper futures approached US$6.20 per pound</a>. <a href="https://seekingalpha.com/article/4919910-mid-year-2026-market-outlook-oil-gold-and-copper" target="_blank" rel="noopener">Power Hedge wrote in a July 5 market outlook that its long-term outlook for commodities had remained positive</a>. <h2 style="text-align: center;">Copper Demand Drivers and Sector Timing</h2> Global demand for copper remains supported by construction, electronics, power generation, and renewable energy projects. Supply growth has lagged in several major producing regions, creating a favorable backdrop for developers with large near-surface projects. Retail investors monitoring industrial metals should note that prices often move with macroeconomic signals and policy developments in key markets such as the United States. <h2 style="text-align: center;">Why Midnight Sun Mining Stands Out</h2> Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB) reported<a href="https://midnightsunmining.com/2026/midnight-sun-continues-rapid-strike-expansion-at-dumbwa-now-6-7-kilometres-of-near-surface-copper-mineralization/" target="_blank" rel="noopener"> additional assay results from 77 drill holes completed at its wholly owned Dumbwa copper deposit in Solwezi, Zambia.</a> The company has now completed more than 260 holes totaling 56,855 meters, confirming continuous near-surface sulphide copper mineralization over 6.7 kilometers of strike length. This scale positions the project as a meaningful copper asset in Zambia, a country with established mining infrastructure. <h2 style="text-align: center;">Key Drill Results and Technical Highlights</h2> Recent intercepts include 21.64 meters grading 0.42 percent copper from 0.36 meters in hole DBW-26-200, 13.67 meters grading 0.51 percent copper from 19.33 meters in hole DBW-26-165, and 25.00 meters grading 0.38 percent copper from 97.00 meters in hole DBW-26-150. Intervals are reported as drilled lengths and may not represent true widths. The higher-grade core has re-emerged north of a structural corridor, with mineralization remaining open along the copper-in-soil anomaly and at depth. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Continuous near-surface copper mineralization has now been confirmed over 6.7 km of strike at the wholly owned Dumbwa deposit.</li> <li>Five drill rigs remain active, extending the deposit northward and testing east-west boundaries.</li> <li>Phase 1 drilling is on track to complete the initial 11.5 km target area in Q3 2026.</li> <li>Haywood maintains a Buy rating and CA$3.00 target price, citing potential for a significant resource.</li> <li>Management and insiders hold approximately 12 percent of shares, with institutions owning 23 percent.</li> <li>Copper market sentiment is influenced by U.S. trade policy reviews and industrial demand trends.</li> </ul> <h2 style="text-align: center;">Ongoing Drilling Program and Catalysts</h2> The company is systematically stepping out along strike with 100- to 200-meter line spacing and 50-meter hole spacing on east-west fences. The central higher-grade zone typically measures 200 to 600 meters wide within a broader mineralized envelope of 1.0 to 1.5 kilometers. <a href="https://midnightsunmining.com/2026/midnight-sun-continues-rapid-strike-expansion-at-dumbwa-now-6-7-kilometres-of-near-surface-copper-mineralization/" target="_blank" rel="noopener">Midnight Sun President and CEO Al Fabbro said in a company news release</a>, "To date, we have demonstrated that Dumbwa is, at a minimum, a 6,700 meter long and 600 meter to 1,000 meter wide, north-south, strain-controlled copper system." Approximately 12,500 meters of Phase 1 drilling remain before the program concludes in the third quarter of 2026. <h2 style="text-align: center;"> Views and Valuation Context</h2> In a June 30 report, analyst Ron Struthers noted consistent drill results and an expanding mineralized footprint. Haywood reiterated its Buy rating and CA$3.00 target price, stating that Dumbwa could develop into a significant resource despite variable grades. The stock has traded between CA$0.53 and CA$2.00 over the past 52 weeks, with a market capitalization of CA$140.66 million as of July 6. [OWNERSHIP_CHART-10449] <h2 style="text-align: center;">Share Structure and Upcoming Milestones</h2> 1Management and insiders own about 12 percent of Midnight Sun Mining, institutions own 23 percent, and the balance is held by retail investors. <a href="https://midnightsunmining.com/wp-content/uploads/2026-06-29-Midnight-Sun-Corporate-Deck-1.pdf" target="_blank" rel="noopener">The June 2026 corporate presentation</a> outlines the Phase 1 program targeting the southern 11.5 kilometers of a 20-kilometer copper-in-soil anomaly. <h2 style="text-align: center;">Common Questions from Investors</h2> <ul> <li>What is the current strike length at Dumbwa? Drilling has confirmed 6.7 kilometers of continuous near-surface sulphide copper mineralization.</li> <li>When will Phase 1 drilling finish? The program is expected to conclude in the third quarter of 2026.</li> <li>What is Haywood's rating and target price? Haywood maintains a Buy rating and a CA$3.00 target price.</li> <li>Is mineralization open in multiple directions? Yes, it remains open along strike, in select areas east and west, and at depth.</li> </ul> Retail investors evaluating copper exploration companies should weigh the scale of the Dumbwa system against typical risks associated with early-stage resource definition, including variable grades and the need for additional drilling to establish a formal resource estimate. The company's steady progress and maintained analyst support provide a clear framework for ongoing monitoring. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Midnight Sun Mining Corp.</li> <li>Jordan Nova 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=31708"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31708" width="0" height="0"> ( Companies Mentioned: MMA:TSX.V; MDNGF:OTCQB, ) Mon, 06 Jul 2026 00:00:00 PST Copper System Grows to 6.7 Kilometers as Drilling Pushes Deposit Farther North https://www.streetwisereports.com/article/2026/07/06/copper-system-grows-to-6-7-kilometers-as-drilling-pushes-deposit-farther-north.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/copper-system-grows-to-6-7-kilometers-as-drilling-pushes-deposit-farther-north.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB) reported new drill results from its Dumbwa project in Zambia, with more than 56,855 meters drilled and continuous near-surface copper mineralization now confirmed across 6.7 kilometers of strike.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:d495ccff-49e8-49a3-8310-9ec20ad3f1f1-21" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:d495ccff-49e8-49a3-8310-9ec20ad3f1f1-21" data-turn-id-container="request-WEB:d495ccff-49e8-49a3-8310-9ec20ad3f1f1-21" data-testid="conversation-turn-2" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="d799e157-e938-40de-8847-34cd321807d1" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Midnight Sun Mining Corp. (MMA:TSX.V; MDNGF:OTCQB) reported<a href="https://midnightsunmining.com/2026/midnight-sun-continues-rapid-strike-expansion-at-dumbwa-now-6-7-kilometres-of-near-surface-copper-mineralization/" target="_blank" rel="noopener"> additional assay results from 77 drill holes completed at its wholly owned Dumbwa copper deposit in Solwezi, Zambia.</a> The company said drilling has now exceeded 260 holes totaling 56,855 meters, confirming continuous near-surface sulphide copper mineralization over 6.7 kilometers of strike at the deposit. Among the latest drill results, hole DBW-26-200 returned 21.64 meters grading 0.42% copper from 0.36 meters, hole DBW-26-165 intersected 13.67 meters grading 0.51% copper from 19.33 meters, and hole DBW-26-150 returned 25.00 meters grading 0.38% copper from 97.00 meters. Additional mineralized intervals were reported from several other drill holes, with assay results based on four-acid digest and ICP-OES finish. The company noted that reported intervals are drilling intervals and are considered relative rather than true widths. According to the company, drilling has confirmed continuous near-surface sulphide copper mineralization across the first approximately 5.2 kilometers of the drilled trend, while five drill rigs continue expanding the deposit northward along strike and laterally to the east and west of known mineralization. Recent drilling focused on extending the Dumbwa deposit to the north and refining its lateral boundaries, resulting in an additional 1.4 kilometers of strike extension. The company said drilling intersected the same geology that characterizes Dumbwa, including flat to gently east-dipping biotite and muscovite-biotite schists hosting sulphide copper mineralization. It also reported that the higher-grade core of the north-south trending Dumbwa shear zone has re-emerged beyond a northwest-southeast structural corridor where weaker schist development and associated grade attenuation had previously been encountered. Midnight Sun added that mineralization remains open along the full extent of the copper-in-soil anomaly, in select areas to the east and west, and at depth. <a href="https://midnightsunmining.com/2026/midnight-sun-continues-rapid-strike-expansion-at-dumbwa-now-6-7-kilometres-of-near-surface-copper-mineralization/" target="_blank" rel="noopener">Midnight Sun President and CEO Al Fabbro said in a company news release</a>, "To date, we have demonstrated that Dumbwa is, at a minimum, a 6,700 meter long and 600 meter to 1,000 meter wide, north-south, strain-controlled copper system." He added, "As our drilling has progressed north of the disruption zone we just passed through, we are again seeing good development of visually strong copper mineralization and the northernmost holes we have reported today demonstrate the return of thick, higher-grade mineralization within the central corridor of the deposit." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:d495ccff-49e8-49a3-8310-9ec20ad3f1f1-23" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:d495ccff-49e8-49a3-8310-9ec20ad3f1f1-23" data-turn-id-container="request-WEB:d495ccff-49e8-49a3-8310-9ec20ad3f1f1-23" data-testid="conversation-turn-6" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="479c20b9-885f-4e92-9876-d08d4d96079f" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-start="139" data-end="1080">Trade Policy and Economic Data Drive Copper Markets</h2> Recent commentary has highlighted U.S. trade policy as a key factor influencing copper markets. <a href="https://finance.yahoo.com/markets/commodities/articles/coppers-next-move-depends-washington-190000316.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABRrJ7_TWOPIIZj8eJL-0Zw2DTgHzEDlltOL9cTbhuJVoGFMggELLQ18RyvRC1TRv5ToGDMiX2ZUhR-VODAZA-OE-tJxG3LjjVGKyPPw_nY43Hz5-NBIUr3oPChjFa8cvVxCX5v-Widh3-YAxNlBI4P6dsUZEorWVh-l9zDaWaFb" target="_blank" rel="noopener">Yahoo Finance reported on July 3 that attention had shifted away from shipping disruptions in the Strait of Hormuz and toward the pending U.S. review of the domestic refined copper market and a possible decision on copper import tariffs</a>. The publication stated that "copper's real swing factor now sits in Washington, not the Gulf." David Wilson, a metals strategist at BNP Paribas, told Yahoo Finance that opposition to the proposed tariff remained active, saying those against the measure were "still actively and significantly lobbying to not have a tariff." The report also cited Vanda Insights founder Vandana Hari, who said shipping conditions through the Strait of Hormuz had improved but remained uneven, adding that copper prices would continue to respond to underlying supply and demand conditions as well as trade policy developments. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics reported on July 4 that copper futures approached US$6.20 per pound</a>, putting the metal on pace for a weekly advance after weaker-than-expected U.S. employment data for June reduced expectations for further Federal Reserve interest rate increases. According to the publication, industrial metals had previously been pressured by signals from Federal Reserve officials that additional monetary tightening could be warranted, while improving commercial shipping conditions through the Strait of Hormuz had eased concerns about supply disruptions. Trading Economics described copper as one of the world's most widely used industrial metals because of its role in construction, electronics, electricity generation, and renewable energy systems, noting that prices are closely tied to industrial demand and broader economic activity. The publication also identified Chile as the world's largest copper producer, followed by the Democratic Republic of the Congo, Peru, China, and the United States. <a href="https://seekingalpha.com/article/4919910-mid-year-2026-market-outlook-oil-gold-and-copper" target="_blank" rel="noopener">Power Hedge wrote in a July 5 market outlook that its long-term outlook for commodities had remained positive</a>, stating that copper producers and diversified mining companies could benefit if demand associated with artificial intelligence continued to outpace supply growth. The report also said that higher oil prices during 2026, attributed to conflict in the Middle East and disruptions affecting the Strait of Hormuz, had contributed to renewed inflationary pressures and changing macroeconomic expectations. According to the analysis, elevated inflation driven by higher energy prices and semiconductor shortages had supported expectations for modest Federal Reserve rate increases instead of rate cuts. The report further noted that crude oil is widely used across the economy, including in mining equipment, contributing to higher production costs in the mining sector and other industries. </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-start="37" data-end="115">Third-Party Maintained Buy Rating Following Expanded Dumbwa Drill Results</h2> In a June 30 report, Ron Struthers discussed Midnight Sun Mining's latest drilling results from the Dumbwa copper deposit in Zambia, noting that drilling had surpassed 260 holes and 56,855 meters while confirming continuous near-surface sulphide copper mineralization over 6.7 kilometers of strike. The report highlighted drill intercepts including 21.6 meters grading 0.42% copper, 13.7 meters grading 0.51% copper, and 25.0 meters grading 0.38% copper. It also quoted Midnight Sun President and CEO Al Fabbro, who stated, "To date, we have demonstrated that Dumbwa is, at a minimum, a 6,700 meter long and 600 meter to 1,000 meter wide, north-south, strain-controlled copper system." Struthers wrote that "The project is going very well and is increasing in size," adding that the reported drill results were "consistent with previous drill numbers." He also noted that approximately 12,500 meters of Phase 1 drilling remained to complete the planned 11.5-kilometer strike extent of the South Block, with the program expected to conclude in the third quarter of 2026, after which Phase 2 drilling was planned to cover an additional 10 kilometers of strike on the northern portion of the Dumbwa property. The report also referenced an update from Haywood, which maintained a Buy rating and a CA$3.00 target price on Midnight Sun. Haywood stated, "We are maintaining a Buy rating and our CA$3.00 target price." The firm added, "The drill program is demonstrating a consistently mineralized deposit over a major strike length, albeit with variable grades that may ultimately be lower overall compared to Lumwana. We recognize these results did not help the stock price but maintain our view that Dumbwa could develop into a significant resource, which will ultimately be a positive catalyst for the shares." </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="1s4y0bb" data-start="2818" data-end="2875">Phase One Program Advances Across Initial Target Area</h2> Midnight Sun said approximately 12,500 meters of Phase One drilling remain to complete testing of the initial 11.5-kilometer strike extent, with the program expected to conclude in the third quarter of 2026. Five drill rigs continue operating as the company advances northward along strike while also testing extensions to the east and west of known mineralization. [OWNERSHIP_CHART-10449] The company said its drilling strategy is designed to define the full mineralized envelope, including both the higher-grade core and surrounding lower-grade mineralization. Drill fences are spaced approximately 100 to 200 meters apart along the target, with drill holes positioned every 50 meters across each east-west fence. Drilling has progressed systematically northward from the southern property boundary, defining a mineralized system extending approximately 6.7 kilometers in strike length. Midnight Sun stated that the central higher-grade zone is typically between 200 and 600 meters wide, while the total mineralized envelope commonly extends from 1.0 to 1.5 kilometers across. The company said the drilling approach is intended to establish both the geometry of the higher-grade core and the full extent of the broader mineralized system rather than focusing exclusively on the higher-grade center. <a href="https://midnightsunmining.com/wp-content/uploads/2026-06-29-Midnight-Sun-Corporate-Deck-1.pdf" target="_blank" rel="noopener">The June 2026 corporate presentation</a> also states that the Phase One program is targeting the southern 11.5 kilometers of a 20-kilometer copper-in-soil anomaly, with drilling conducted on 50-meter east-west hole spacing and 100 to 200-meter north-south line spacing. The presentation notes that more than 56,855 meters of drilling have been completed over a 6.7-kilometer strike length and describes the Dumbwa system as at least 6,700 meters long, 600 to 1,000 meters wide, near surface, and extending to greater than 200 meters depth. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Management and insiders own about 12% of Midnight Sun Mining, institutions own 23%, and the rest is retail.  The stock has traded in a 52-week range between CA$0.53 and CA$2.00. The company's market cap was CA$140.66 million on July 6. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </section> </div> </div>Important Disclosures:<ol> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Midnight Sun 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 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=31707"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31707" width="0" height="0"> ( Companies Mentioned: MMA:TSX.V; MDNGF:OTCQB, ) Mon, 06 Jul 2026 00:00:00 PST 714 Meters of Copper, Gold and Moly Hit as Massive Drill Program Delivers New Results https://www.streetwisereports.com/article/2026/07/06/714-meters-of-copper-gold-and-moly-hit-as-massive-drill-program-delivers-new-results.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/714-meters-of-copper-gold-and-moly-hit-as-massive-drill-program-delivers-new-results.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Koryx Copper SA (KRY:TSXV; KRYXF:QTCQX; KYX:NSX) reported results from 15 drill holes at its Haib Copper Project in Namibia, including intercepts up to 714 meters and the project's highest gold intersections to date.<div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:55a85202-b90c-4449-b1c5-716c0f2fc544-14" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:55a85202-b90c-4449-b1c5-716c0f2fc544-14" data-turn-id-container="request-WEB:55a85202-b90c-4449-b1c5-716c0f2fc544-14" data-testid="conversation-turn-4" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="474ec0a7-7230-4af7-8dc0-a66d3b06d2ac" data-turn-start-message="true" data-message-model-slug="gpt-5-5"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> Koryx Copper SA (KRY:TSXV; KRYXF:QTCQX; KYX:NSX) reported <a href="https://koryxcopper.com/wp-content/uploads/2026/06/2026_06_29_Koryx_Drill_Results_CC_HD.pdf" target="_blank" rel="noopener">assay results from 15 drill holes totaling 5,351 meters completed as part of the ongoing infill and expansion drill program at its wholly owned Haib Copper Project in southern Namibia.</a> According to the company, the results included consistent, wide intercepts of up to 714 meters with copper equivalent (CuEq) grades exceeding the average mineral resource estimate grade, along with pockets of higher grade gold and molybdenum mineralization and localized tungsten results. Among the reported drill results, hole HM138 returned 584 meters grading 0.34% CuEq from surface, including 72 meters grading 0.48% CuEq, 128 meters grading 0.36% CuEq, and 170 meters grading 0.42% CuEq, including a 20-meter interval grading 0.70% CuEq. Hole HM149 intersected 428 meters grading 0.35% CuEq from surface, while HM153 returned 714 meters grading 0.31% CuEq from surface, including 68 meters grading 0.54% CuEq and 82 meters grading 0.41% CuEq. Other reported intersections included HM141 with 582 meters grading 0.25% CuEq, HMRC001 with 243 meters grading 0.40% CuEq, HM137 with 162 meters grading 0.46% CuEq, HM139 with 65 meters grading 0.55% CuEq, and HMRC002 with 24 meters grading 0.68% CuEq. The company said the Haib deposit is a disseminated porphyry copper deposit with associated molybdenum and gold mineralization. It stated that the project is envisaged to produce copper and molybdenum concentrate through large-scale open-pit mining using conventional crushing, milling, and sulphide flotation, with the potential for additional copper cathode production through oxide heap leaching. The company also said ongoing process flow sheet optimization is aimed at improving project economics while reducing technical risk. In its discussion of the results, the company said several drill holes produced results in line with expectations and supported the current resource model. At Target 1, HM139 intersected high-grade copper and gold mineralization in the lower portion of the hole that was not encountered in previous drilling. The company said the hole was stopped in mineralization because of rig limitations and will be extended using a second rig in the coming months. HMRC001, the first reverse circulation hole completed at Haib, returned copper and molybdenum grades above expectations. At Target 2, the company said HM138 produced its highest gold metal intersections recorded at Haib to date, while HM153 maintained good to excellent molybdenum mineralization across the full drilled extent. At Target 4, the company said HMRC002 indicated that a minor positional adjustment to the East-West Structural Zone boundary would be required in the resource model, but that this does not materially affect the mineralization interpretation. <a href="https://koryxcopper.com/wp-content/uploads/2026/06/2026_06_29_Koryx_Drill_Results_CC_HD.pdf" target="_blank" rel="noopener">President and CEO Heye Daun said in a company news release, </a>"This is another excellent set of drill results from our ongoing 15-rig drill program. Very wide intersections at good grades exceeding 0.3% CuEq, and mostly starting from surface, indicates the potential for further improvements of our mineral resource. In conjunction with the recently announced process flow sheet enhancements, we expect the economics of the Haib project to improve significantly in the upcoming PFS, which is on track to be published before the end of 2026." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:55a85202-b90c-4449-b1c5-716c0f2fc544-15" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:55a85202-b90c-4449-b1c5-716c0f2fc544-15" data-turn-id-container="request-WEB:55a85202-b90c-4449-b1c5-716c0f2fc544-15" data-testid="conversation-turn-6" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="4d570f9b-d66c-4fcd-8c83-a77d4c7f0765" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="feeny6" data-start="0" data-end="77">Copper Prices Respond to Interest Rates, Trade Policy, and Supply Factors</h2> In a June 30 market report, Ron Struthers wrote that copper remained in a long-term uptrend, stating, "Last week saw a significant correction in copper prices, but you can see that the long-term uptrend is well in place." Referring to the recent pullback, he added, "The recent correction and last week's pullback in copper provides some better buy prices on our copper juniors." <a href="https://www.theflyingfrisby.com/p/my-new-company-recommendation-a-giant?utm_source=post-email-title&publication_id=741404&post_id=204296217&utm_campaign=email-post-title&isFreemail=true&r=2k0gk7&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In a July 1 report, Dominic Frisby identified Namibia as an emerging mining jurisdiction and highlighted a copper developer operating in the country as his preferred Namibia investment idea. </a>Frisby wrote that the company had become "significantly de-risked" compared with two years earlier and described the project as one of the larger undeveloped copper deposits globally. He stated that copper remained supported by long-term demand drivers, including artificial intelligence infrastructure, electrification, manufacturing, electric vehicles, data centers, power grids, wind turbines, solar installations, and defense applications, while noting that large new copper discoveries had become increasingly uncommon. Frisby also pointed to Namibia's mining sector, describing the country as a growing mining jurisdiction with a long operating history, established property rights, rule of law, relatively low corruption by regional standards, and developed infrastructure, including roads, ports, and power. He noted that the country is the world's third-largest uranium producer and has oil, gold, copper, lithium, and diamond resources. Referring to the featured copper project, Frisby wrote that it had grown into one of the larger undeveloped copper deposits in the world and stated that large, long-life deposits in investable jurisdictions remain relatively scarce. He also noted the company's stated objective of optimizing and de-risking the project toward an investment decision or an asset or equity sale. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics reported on July 4 that copper futures approached US$6.20 per pound and were positioned for a weekly gain after weaker-than-expected June U.S. employment data reduced expectations for additional Federal Reserve interest rate hikes.</a> The publication noted that industrial metals had previously faced pressure following comments from Federal Reserve officials indicating a greater willingness to tighten monetary policy. It also reported that easing supply concerns, as commercial shipping through the Strait of Hormuz improved, had weighed on prices. Trading Economics described copper as one of the world's most widely used industrial metals, citing its role in construction, electronics, power generation, and renewable energy systems, and noted that Chile is the largest global copper producer, followed by the Democratic Republic of the Congo, Peru, China, and the United States. <a href="https://seekingalpha.com/article/4919910-mid-year-2026-market-outlook-oil-gold-and-copper" target="_blank" rel="noopener">Power Hedge wrote in a July 5 market outlook that its long-term commodity bull thesis remained unchanged</a>, stating that copper miners and diversified mining companies could benefit if demand associated with artificial intelligence continued to outpace supply growth. The report also said that higher oil prices in 2026, linked to Middle East hostilities and disruption in the Strait of Hormuz, had contributed to renewed inflationary pressures and changes in the broader macroeconomic outlook. According to the analysis, elevated inflation, supported by higher energy prices and semiconductor shortages, had limited the Federal Reserve to modest interest rate increases rather than rate cuts. The report added that higher crude oil prices had increased operating costs across multiple industries, including mining. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="8qvhlz" data-start="602" data-end="669">Third-Parties Maintain BUY Rating as Haib Flowsheet Work Advances</h2> In the mentioned July 1 report, Dominic Frisby identified Koryx Copper as his preferred investment among the Namibia opportunities he had reviewed, writing, "This is the one that has impressed me the most." Frisby stated that the company had become "significantly de-risked" and wrote, "My simple view: it gets taken out by a major within 18-36 months at twice today's prices or more." He also described the Haib project as having "quietly grown into one of the larger undeveloped copper deposits on the planet," adding that "there are not so many capable of supporting decades of production." Discussing the company's strategy, Frisby quoted Koryx's stated objective of "optimizing, right-sizing and de-risking the project towards an investment decision and/or asset/equity sale" and wrote that CEO Heye Daun was "getting everything in place for a mine to be built, and then he will sell to a major." Frisby also cited Haywood Securities' description of Haib as "a simple, buildable large-scale copper project differentiated by its infrastructure advantages and a high-quality concentrate" and noted that BMO Capital Markets had initiated research coverage with a CA$6.00 target price. In a June 4 report, Red Cloud Securities analyst Ron Stewart maintained a BUY rating on Koryx Copper with a CA$5.00 per share target price. Stewart wrote that Koryx had provided an update on its 100%-owned Haib copper project in Namibia and stated that "the process flowsheet optimization is largely finalized ahead of PFS, with the work aimed at improving economics while reducing technical risk." Stewart identified coarse particle flotation as a key component of the update, writing, "In our view, CPF has the biggest impact on the project economics." He also stated that the optimized flowsheet "should result in improved unit operating costs and a lower capital intensity." [OWNERSHIP_CHART-11641] </div> </div> </div> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="vgcg41" data-start="3360" data-end="3405">Technical Work and Development Milestones</h2> <a href="https://koryxcopper.com/wp-content/uploads/2026/05/2026_05_15-Koryx-Copper-Investor-Presentation-Cannacord-Las-Vegas.pdf" target="_blank" rel="noopener">According to the company's May 2026 investor presentation</a>, Koryx is conducting a more than 55,000-meter infill drill program following completion of an updated preliminary economic assessment and technical studies in 2025. The presentation states that the company is targeting publication of a prefeasibility study in the second half of 2026. The presentation also outlines a technical strategy focused on completing metallurgical testwork to demonstrate the techno-economic feasibility of a conventional sulphide flotation process while investigating additional processing techniques intended to enhance the process flowsheet. The company states that optimization work is being carried out alongside the ongoing drill program. Infrastructure work described in the presentation includes an application to NamPower to conduct a capacity assessment for connection to a 220-kilovolt transmission line located 45 kilometers from the proposed plant site. The presentation states that the project's anticipated power demand is 150 megawatts and notes that photovoltaic and wind power assessments are underway. For water supply, the presentation states that the project is evaluating multiple supply scenarios for an operation requiring approximately 20 million cubic meters of water annually for a 20-million-tonne-per-year plant. These include sourcing water from the Orange River, located about 9 kilometers from the site, with on-site water storage capacity of up to six months, as well as a Neckartal Dam alternative involving a 230-kilometer pipeline that is being advanced as a backup and growth option. The presentation states that the Haib project is a scalable, pre-prefeasibility stage open-pit copper, molybdenum, and gold project in southern Namibia. It also notes that the project has more than 120,000 meters of historical drilling and extensive metallurgical testwork completed by previous operators, while the current program is focused on advancing technical studies alongside ongoing infill drilling. <h2 style="text-align: center;">Ownership & Share Information1</h2> Koryx Copper S.A. has a market cap of CA$299.88 million, with 121.5 million shares outstanding. The company's 52-week range is CA$6.36-CA$18.98. Institutions own 13.27%, with Management & Insiders owning 4.37%. The remaining shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a> </div> </div> </div> </div> </div> </div> </section> </div> </div> <div class="pointer-events-none -mt-px h-px translate-y-[calc(var(--scroll-root-safe-area-inset-bottom)-14*var(--spacing))]" aria-hidden="true"> </div>Important Disclosures:<ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 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=31706"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31706" width="0" height="0"> ( Companies Mentioned: KRY:TSXV;KRYXF:QTCQX;KYX:NSX, ) Mon, 06 Jul 2026 00:00:00 PST State Approval Opens Next Phase at Large Copper-Nickel Resource https://www.streetwisereports.com/article/2026/07/06/state-approval-opens-next-phase-at-large-copper-nickel-resource.html Source: <a href="https://www.streetwisereports.com/article/2026/07/06/state-approval-opens-next-phase-at-large-copper-nickel-resource.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB) has received Minnesota approval to begin Phase 1 drilling at its Serpentine Copper-Nickel Project with Foraco International.<a href="https://www.streetwisereports.com/pub/co/11448?utm_medium=feed" target="_blank" rel="noopener">Green Bridge Metals Corp. (GRBM:CSE; GBMCF:OTC; J48:FWB)</a> announced on July 2 <a href="https://greenbridgemetals.com/news/green-bridge-metals-obtains-exploration-drilling-plan-approval-and-selects-foraco-for-phase-1-diamond-core-drilling-at-serpentine-copper-nickel-project-minnesota-usa" target="_blank" rel="noopener">that it has received approval of its exploration plan from the Minnesota Department of Natural Resources for its Serpentine Copper-Nickel Project in St. Louis County, Minnesota.</a> The company also selected Foraco International to conduct a minimum of 1,640 meters of diamond core drilling as part of the project's planned Phase 1 exploration program. According to the company, Foraco will mobilize to the site to execute the drilling program, building on its ongoing work at Green Bridge's Titac Project. The Phase 1 program is designed to target high-priority zones within the Serpentine copper-nickel-platinum group elements system. <a href="https://greenbridgemetals.com/news/green-bridge-metals-obtains-exploration-drilling-plan-approval-and-selects-foraco-for-phase-1-diamond-core-drilling-at-serpentine-copper-nickel-project-minnesota-usa" target="_blank" rel="noopener">CEO David Suda said in a company news release,</a> "We are excited to secure the DNR approval and select Foraco once again to commence our Phase 1 drilling at Serpentine. Serpentine already hosts significant Inferred Mineral Resources and Indicated Mineral Resources within one of North America's premier copper-nickel districts. Our objective is to systematically advance the project through additional drilling, resource refinement, and metallurgical work designed to improve our understanding of the deposit and support future technical studies." As disclosed in the technical report entitled "Technical Report and Mineral Resource Estimate for the Serpentine Project, St. Louis County, Minnesota, USA," with an effective date of July 14, 2025, Serpentine hosts an Inferred Mineral Resource Estimate of 279.9 million tonnes grading 0.37% copper, 0.12% nickel and 0.007% cobalt using a US$10.25 per tonne net smelter return cutoff. The resource includes 21.6 million tonnes in the Indicated Mineral Resource category, grading 0.46% copper, 0.16% nickel, and 0.014% cobalt using the same US$10.25 per tonne net smelter return cutoff. The company said the approved Phase 1 program is expected to begin in August 2026. Drilling will focus on areas where additional data may support increased geological confidence in portions of the existing mineral resource. In parallel, Green Bridge plans to undertake metallurgical test work to better understand potential processing characteristics and recovery pathways. The company stated that the objective is to expand the technical dataset, support future resource updates where warranted, and position the project for future scoping-level studies, subject to results. Green Bridge also said drilling is expected to test and expand known mineralization, with results intended to inform future resource updates and development planning. The company added that it continues to work with regulators and stakeholders to support responsible exploration practices. <h2 style="text-align: center;" data-start="2820" data-end="3011">Copper Market Navigates Economic and Policy Crosscurrents</h2> <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:ceae26a4-b1fd-4afd-a431-9c157160f70f-6" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:ceae26a4-b1fd-4afd-a431-9c157160f70f-6" data-turn-id-container="request-WEB:ceae26a4-b1fd-4afd-a431-9c157160f70f-6" data-testid="conversation-turn-4" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="c893bdbc-905a-4fb0-9706-21995c6cdd71" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <a href="https://finance.yahoo.com/markets/commodities/articles/coppers-next-move-depends-washington-190000316.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABRrJ7_TWOPIIZj8eJL-0Zw2DTgHzEDlltOL9cTbhuJVoGFMggELLQ18RyvRC1TRv5ToGDMiX2ZUhR-VODAZA-OE-tJxG3LjjVGKyPPw_nY43Hz5-NBIUr3oPChjFa8cvVxCX5v-Widh3-YAxNlBI4P6dsUZEorWVh-l9zDaWaFb" target="_blank" rel="noopener">Yahoo Finance reported on July 3 that uncertainty surrounding U.S. trade policy had become a more immediate influence on copper markets than shipping disruptions in the Strait of Hormuz. </a>The publication wrote that "copper's real swing factor now sits in Washington, not the Gulf," noting that a review of the domestic refined copper market had been submitted to the U.S. administration while market participants awaited a decision on potential import tariffs. BNP Paribas metals strategist David Wilson told Yahoo Finance that opponents of the proposal were "still actively and significantly lobbying to not have a tariff," indicating that the outcome had remained uncertain. Yahoo Finance also quoted Vandana Hari of Vanda Insights, who said the Strait of Hormuz "continues to reopen but it's patchy, unpredictable, and not fully transparent," while noting that copper would continue to trade on its own supply and demand fundamentals alongside policy developments. <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noopener">Trading Economics reported on July 4 that copper futures had climbed toward US$6.20 per pound and were on track for a weekly gain as traders reduced expectations for additional U.S. Federal Reserve interest rate hikes following weaker-than-expected June employment data.</a> The publication wrote that industrial metals had previously faced pressure as Federal Reserve officials had signaled a greater willingness to tighten monetary policy, while easing supply risks as commercial traffic through the Strait of Hormuz improved had also weighed on prices. Trading Economics described copper as "one of the most widely used industrial metals in the world" and stated that it played "a critical role in construction, electronics, power generation, and renewable energy systems," making its price sensitive to changes in industrial demand and economic growth. It also noted that Chile accounted for the largest share of global copper mining, followed by the Democratic Republic of the Congo, Peru, China, and the United States. <a href="https://seekingalpha.com/article/4919910-mid-year-2026-market-outlook-oil-gold-and-copper" target="_blank" rel="noopener">In a July 5 market outlook, Power Hedge wrote that "the long-term commodity bull thesis remained intact," adding that "copper miners and diversified mining companies may outperform as AI-driven demand outpaces supply growth."</a> The report also stated that the 2026 oil price surge, driven by Middle East hostilities and disruption in the Strait of Hormuz, had "reignited inflation and altered macro outlooks." According to the analysis, persistently elevated inflation, supported by higher energy costs and semiconductor shortages, had constrained the Federal Reserve to modest rate hikes rather than interest rate cuts. The report also noted that crude oil had been used throughout the economy, including in mining equipment used to produce metals, contributing to higher production costs across multiple industries. <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:ceae26a4-b1fd-4afd-a431-9c157160f70f-9" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:ceae26a4-b1fd-4afd-a431-9c157160f70f-9" data-turn-id-container="request-WEB:ceae26a4-b1fd-4afd-a431-9c157160f70f-9" data-testid="conversation-turn-10" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="8adc65f5-b8bf-4365-9e23-0571be296728" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="j0upsf" data-start="0" data-end="63">Analyst Commentary Focuses on Copper and Titanium Potential</h2> In a March 26 contributed opinion, Michael Ballanger of GGM Advisory Inc. revisited Green Bridge Metals after the firm initiated coverage following its participation in a November financing that included units priced at CA$0.09 with a CA$0.12 half-warrant and CA$0.12 with a CA$0.15 half-warrant. Ballanger noted that the shares had later closed at CA$0.23 and wrote, "I really like this company and see a bright future for it." <a href="https://www.streetwisereports.com/article/2026/04/27/copper-actually-is-the-new-silver.html?utm_medium=feed" target="_blank" rel="noopener">Ballanger returned to the copper market in an April 27 update,</a> where he listed Green Bridge Metals among the junior copper companies held in GGM Advisory portfolios. Discussing the broader market, he wrote that "there is no bullish case that ever holds a candle against copper when it comes to the certainty of outcome," citing mine closures, production disruptions, and declining output from major operations as factors affecting supply. He also wrote that governments would be "forced to eliminate roadblocks that delay new exploration and development, which will favor the junior copper group far more than their senior counterparts." Ballanger said this was "one of the main reasons why juniors like ... Green Bridge Metals Corp. ... are held in the GGMA portfolios with such overweight positioning." He added that "the senior miners are too busy with their existing operations to focus on greenfield exploration programs, which is why most, if not all, of the major new copper discoveries are made by the juniors." [OWNERSHIP_CHART-11448] </div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="8w8swc" data-start="3013" data-end="3060">Planned Work Program and Project Milestones</h2> <a href="https://gcbnztydhzshluvoimvq.supabase.co/storage/v1/object/public/documents/presentations/1782514204475/GRBM-Corporate-Deck-June-26-2026-.pdf" target="_blank" rel="noopener">According to the company's June 2026 corporate presentation</a>, the Serpentine project's pre-feasibility pathway includes exploration drilling during Q2 and Q3 2026, followed by a planned 25,500-meter infill core drilling program, installation of water monitoring wells, metallurgical studies, and engineering and environmental work. The presentation also notes preliminary 2012 metallurgical work that indicated strong recoveries of copper and nickel and states that the project is situated in an established mining jurisdiction with neighboring railways, roadways, processing facilities, and other infrastructure. The presentation also outlines project objectives that include upgrading mineral resources from the Inferred category to the Indicated category, increasing overall copper equivalent grade by expanding the known high-grade horizon, incorporating platinum group element assays into future resource models, conducting metallurgical testing, optimizing the project's low strip ratio, targeting a Preliminary Economic Assessment in 2027, and a Pre-Feasibility Study in 2029. In addition, the June 2026 corporate presentation states that eight diamond core drill holes are planned and permitted at Serpentine as the initial component of a larger infill drilling program that is expected to include 140 drill holes. It also notes that the project has been permitted by the Minnesota Department of Natural Resources to drill twelve diamond core holes during 2026. The presentation states that the company is engaging local consulting groups to conduct environmental, biological, and archeological surveys at Serpentine, has engaged Barr Engineering for environmental consulting and ESG surveys related to a scoping study, and is working with local public relations groups in Minnesota to support community transparency. The company also states that historical core resampling was completed in February 2026, an integrated EM-geology targeting model has been established, and evaluation of an initial step-out drilling program is underway. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Encampment Minerals, a strategic partner and asset vendor, holds approximately 9.9% of Green Bridge. Four institutional investors collectively own approximately 15% of the float. Management and insiders own a total of 1.14%, including CEO David Suda, who holds 2 million shares. Green Bridge Metals has 231.25 million shares outstanding and a market capitalization of CA$34.69 million. The company has a 52-week trading range of CA$0.08-CA$0.38. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Green Bridge Metals is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Green Bridge Metals.</li> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31705"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31705" width="0" height="0"> ( Companies Mentioned: GRBM:CSE;GBMCF:OTC; J48:FWB, ) Mon, 06 Jul 2026 00:00:00 PST Aztec Minerals Advances Tombstone Gold-Silver Project Testing https://www.streetwisereports.com/article/2026/07/02/aztec-minerals-advances-tombstone-gold-silver-project-testing.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/aztec-minerals-advances-tombstone-gold-silver-project-testing.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> Aztec Minerals Corp. launches metallurgical testing at its Tombstone gold-silver project. Discover key catalysts, analyst ratings, and why this Arizona asset stands out for investors now.Precious metals continue to draw attention from retail investors amid shifting economic conditions and rising industrial demand. Gold and silver prices have shown notable movement in 2026, creating renewed focus on exploration companies with assets in stable jurisdictions. <a href="https://www.streetwisereports.com/pub/co/9156?utm_medium=feed" target="_blank" rel="noopener">Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB)</a> is advancing its primary asset through targeted technical work that could clarify economic potential. <h2 style="text-align: center;">Market Opportunity in Gold and Silver</h2> Industrial uses for silver are expanding rapidly in electric vehicles, solar installations, and data infrastructure. <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-predictions-what-should-investors-expect-over-the-next-decade-130000645.html" target="_blank" rel="noopener">Yahoo Finance</a> cited forecasts from major institutions projecting silver could exceed US$80 per ounce by the end of 2026 and approach US$100 per ounce by 2030. Gold reached record levels <a href="https://finance.yahoo.com/markets/commodities/articles/gold-investors-tough-luck-news-202300207.html" target="_blank" rel="noopener">above US$5,000 per ounce</a> early in the year before moderating. The price of over US$5,000 per ounce still reflects strong structural support from central bank buying and geopolitical factors, according to <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global</a>. The World Bank forecasts a 17% rise in global metals prices for 2026, the first broad increase since 2022. <h2 style="text-align: center;">Why Aztec Minerals Stands Out</h2> Aztec Minerals Corp. holds an 85% interest in the Tombstone joint venture located in southeastern Arizona. The project benefits from a large portion of patented private land, which simplifies permitting compared with federal ground. This location advantage reduces regulatory timelines and provides clearer development pathways. The company is also active in Sonora, Mexico, but Tombstone represents the current operational focus with multiple work streams running in parallel. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Metallurgical testing on oxide mineralization is underway to de-risk the project ahead of a maiden Mineral Resource Estimate.</li> <li>Over 17,900 meters of reverse circulation drilling have been completed, with additional core drilling and results expected soon.</li> <li>Patented land position at Tombstone offers permitting advantages versus typical BLM ground.</li> <li>Technical Analyst coverage includes a Strong Speculative Buy and a Buy rating with price targets significantly above recent trading levels.</li> <li>Share structure shows modest institutional ownership alongside significant retail participation.</li> <li>Exploration potential includes both near-surface oxide gold-silver and deeper carbonate replacement deposit targets.</li> </ul> <h2 style="text-align: center;">Unique Business Model and Project Advantages</h2> Aztec Minerals Corp. is an exploration-stage company targeting silver-gold opportunities. At Tombstone, historic silver mining occurred in the district, and current work is testing whether those mines connect to a larger mineral system. Reverse circulation drilling, a cost-effective method for initial resource definition, has formed the bulk of recent activity. The company has also launched a new <a href="https://aztecminerals.com/" target="_blank" rel="noopener">website</a> to improve the communication of goals and timelines to shareholders. <h2 style="text-align: center;">Current Catalysts and Technical Work</h2> On July 2, 2026, the company released several pieces of <a href="https://www.stockwatch.com/News/Item/U-by1184918-U!AZZTF-20260702/U/AZZTF" target="_blank" rel="noopener">company news</a>, including the engagement of Cassiday & Associates for initial bottle-roll cyanide leach testing. This metallurgical program will examine multiple rock types and grade ranges of oxidized mineralization to better understand recovery characteristics. Results from the first 19 holes of the 2026 drill program have already been reported, with more anticipated within two months. The Northern Contention Area program is scheduled to continue through August 2026. <a href="https://www.stockwatch.com/News/Item/Z-C!AZT-3825708/C/AZT" target="_blank" rel="noopener">The new Northern Contention area drill program</a> targets both shallow oxide and potential deeper zones. In Q2 2026, planning began for the Cervantes project exploration program in Mexico, per <a href="https://aztecminerals.com/_resources/presentations/corporate-presentation.pdf?v=0.40" target="_blank" rel="noopener">the company's investor presentation</a>. <h2 style="text-align: center;"> Analyst Views and Valuation Context</h2> 1On April 27, 2026, technical analyst <a href="https://www.streetwisereports.com/article/2026/04/24/arizona-gold-silver-explorer-with-better-than-expected-drill-results-technical-analyst-issues-buy-alert.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave the company a "Strong Speculative Buy" rating</a>, with a short-term target of US$0.33 and long-term target of US$0.50. [OWNERSHIP_CHART-9156] On June 2, 2026, Ben Pirie of Atrium Research initiated coverage with a Buy rating and CA$0.45 price target, citing the patented land position, experienced management, and the largest drill program in company history. Aztec Minerals Corp. has a market cap of CA$40.61 million, 188.88 million shares outstanding, and a 52-week range of CA$0.17-CA$0.44. 2Institutions hold 11.26%, management and insiders hold 3.56%, and retail investors hold the remaining 85.18%. <h2 style="text-align: center;">Common Questions from Investors</h2> What is the purpose of the current metallurgical testing? The bottle-roll leach tests will characterize recovery rates across different oxidized mineralization types to support future economic studies. How much drilling has been completed at Tombstone? A total of 17,927 meters of reverse circulation drilling in 87 holes has been finished, with 42 RC holes and 5 core holes completed in 2026 so far. Why does patented land matter? Patented private land allows county-level permitting rather than federal processes, which can shorten timelines and reduce uncertainty. When will the next drill results be released? Additional results from the 2026 program are expected within the next two months, with Northern Contention assays targeted for Q4 2026. What is a maiden Mineral Resource Estimate? It is the first formal estimate of tonnage and grade prepared under recognized standards, providing a baseline for project valuation. <h2 style="text-align: center;">Industry Timing and Next Steps</h2> Aztec Minerals Corp. President and CEO Simon Dyakowski noted that metallurgical testing combined with the upcoming maiden Mineral Resource Estimate should help demonstrate the project's potential contribution to the local economy and Arizona. The district-scale potential for both oxide gold-silver and deeper mesothermal or carbonate replacement styles of mineralization remains a key exploration theme. Retail investors monitoring the sector can track upcoming assay releases and resource definition milestones for clearer visibility on project scale. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Aztec Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals Corp.</li> <li>Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol> <li>For the quoted article (published on April 27, 2026), Aztec Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31704"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31704" width="0" height="0"> ( Companies Mentioned: AZT:TSX.V; AZZTF:OTCQB, ) Thu, 02 Jul 2026 00:00:00 PST Silver Explorer Expands High-Grade Silver Hill Package in North Carolina https://www.streetwisereports.com/article/2026/07/02/silver-explorer-expands-high-grade-silver-hill-package-in-north-carolina.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/silver-explorer-expands-high-grade-silver-hill-package-in-north-carolina.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE) expands Silver Hill in North Carolina after a drill hole revealed 6m of 1,156 g/t AgEq at America's first silver mine.On July 2, 2026, Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE) announced <a href="https://www.stockwatch.com/News/Item/Z-C!MSM-3837761/C/MSM" target="_blank" rel="noopener">the expansion of its Silver Hill land package</a> located in Davidson County, North Carolina. With the addition of approximately 141 acres, the property now consists of approximately 1,300 acres along the Carolina Terrane, which is underlain by volcaniclastic and volcano-sedimentary rocks from the Neoproterozoic and Cambrian age. The company plans to explore these additional strategic targets in its ongoing drilling, geophysics, and geological interpretation of the broader project. Joe Cullen, CEO of Metalsource, said in the release: "This is a strategic acquisition we've been working toward for some time. As drilling, geophysics, and geological interpretation have continued to improve our understanding of the Silver Hill system, it has become increasingly important to secure these highly prospective properties while the opportunity is available. We're grateful to the families who have owned this land for generations and appreciate the trust they've placed in our team. Every successful drill hole has strengthened our confidence in the broader district and helped define where we believe the next phase of exploration should be focused. These newly acquired properties provide access to compelling exploration targets that we look forward to advancing in the near term as we continue expanding the known mineralized footprint at Silver Hill." Regarding the future of the project, Cullen continued: "As we move closer to increasing drilling capacity, our vision is clear: one program focused on systematically expanding the Silver Hill proper, while additional drilling evaluates high-priority regional targets generated through our geological work and recent IP surveys. We believe we're still in the early stages of understanding the scale of this district, and we're excited by the potential for both resource expansion and new discoveries." A Canadian company, Metalsource, focuses on exploration within North Carolina in the U.S., intending to expand mineralization from past-producing projects. The company also has an exploratory project in Botswana. [OWNERSHIP_CHART-11513] <h2 style="text-align: center;">Silver Prices Staying Strong</h2> On July 2, 2026, silver prices hovered around US$61 per ounce, recovering from a recent low market, after "<a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener">markets reduced bets on Federal Reserve rate hikes after disappointing U.S. jobs data</a>." Despite projections of 110,000 new jobs being added to the market in June, actual numbers came in only around 57,000 — the lowest in four months. Silver also rallied support from rising oil shipments through the Strait of Hormuz and progress in indirect U.S.-Iran talks, which lowered oil prices and eased fears of inflation. Higher demand from electric cars, solar panels, data centers, and more are shoring up silver's future demand. <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-predictions-what-should-investors-expect-over-the-next-decade-130000645.html" target="_blank" rel="noopener">Yahoo Finance</a> quoted experts from both BlackRock and J.P. Morgan as saying, " By the end of 2026, experts predict silver's price will surpass US$80 per ounce, and it could reach US$100 per ounce by 2030." Silver isn't alone in its rise. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. <h2 style="text-align: center;">Expert Optimistic Over Restarting America's First Silver Mine</h2> On July 2, 2026, Bob Moriarty of 321gold.com commented on the company's newest press release, saying: "Metalsource continues to add land to their current project and keeps delivering outstanding drill results. They just released a drill hole that showed over six meters of 1,156 g/t AgEq. This was America's first silver mine, and it will be back in production again." <h2 style="text-align: center;">Upcoming Programs</h2> The <a href="https://www.stockwatch.com/News/Item/Z-C!MSM-3837761/C/MSM" target="_blank" rel="noopener">press release</a> lists the following next steps as near-term catalysts for the Silver Hill project: <ul> <li>Multiple assays pending from the current drill campaign, with results expected to continue advancing the company's understanding of the Silver Hill system.</li> <li>Increasing drilling capacity as management advances plans to secure an additional drill rig to accelerate testing of both known mineralization and newly identified exploration targets.</li> <li>Testing the broader district through continued integration of drilling, IP geophysics, and geological interpretation to prioritize additional targets beyond the historic mine footprint.</li> <li>Continuing strategic growth through the evaluation of additional land opportunities that complement the company's evolving district-scale exploration strategy.</li> </ul> <h2 style="text-align: center;">Ownership & Share Information1</h2> Metalsource Mining Inc. has a market cap of CA$80.50 million, with 73.24 million shares outstanding. The company's 52-week range is CA$0.11-CA$2.29. Strategic Investors own 25.20% of shares, while Management & Insiders own 2.99%. The remaining 71.81% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31703"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31703" width="0" height="0"> ( Companies Mentioned: MSM:CSE;SFRIF:OTC;E9Z:FSE, ) Thu, 02 Jul 2026 00:00:00 PST Sierra Madre Gold and Silver Del Toro Acquisition Fuels Growth https://www.streetwisereports.com/article/2026/07/02/sierra-madre-gold-and-silver-del-toro-acquisition-fuels-growth.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/sierra-madre-gold-and-silver-del-toro-acquisition-fuels-growth.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> Sierra Madre Gold and Silver Ltd. completes Del Toro silver mine acquisition, backed by financing and expansion plans. See key catalysts and analyst outlook for retail investors.The precious metals sector continues to offer compelling opportunities for retail investors amid shifting macroeconomic conditions. Recent market updates highlight how gold and silver prices have faced pressure from a stronger U.S. dollar and changing interest rate expectations, yet this environment has created attractive entry points for companies with strong assets and clear growth paths. <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> has positioned itself strategically through its acquisition of the Del Toro silver mine, transforming its production profile at a time when silver market dynamics remain favorable over the long term. Why Sierra Madre stands out now is its ability to secure an operating mine with existing infrastructure rather than starting from exploration alone. This move accelerates the company's path toward mid-tier silver production status. The Del Toro acquisition provides immediate access to a 3,000-tonne-per-day flotation circuit and multiple underground mines, reducing typical development timelines and risks associated with greenfield projects. The company's unique business model centers on leveraging acquired production assets while pursuing aggressive near-term resource expansion. By focusing on brownfield opportunities like Del Toro, Sierra Madre combines operational cash flow potential with exploration upside in a jurisdiction familiar to its management team. Key assets include the Del Toro silver mine in Mexico, which features three underground operations and identified exploration targets such as Mina Perseverancia, Cotorras Mine workings, Mina Esmeralda, and El Picacho. <a href="https://sierramadregoldandsilver.com/system/uploads/26-6_SM%20Corp%20Presentation.1.pdf" target="_blank" rel="noopener">According to the company's June 2026 corporate presentation,</a> Sierra Madre plans a 30,000-meter drill program supported by a US$12 million exploration budget over 24 to 30 months. This program includes four geologists, 10 helpers, 30,000 meters of diamond drilling, and approximately 20,400 assays, targeting a new mineral resource estimate within 18 months of closing. Industry timing favors companies like Sierra Madre as silver's dual role as both a monetary and industrial metal supports long-term demand. Market analysts have noted that while short-term corrections occurred due to higher Treasury yields and reduced safe-haven flows, supply constraints in several metals continue to provide price floors. The company's timing aligns with expected improvements in recovery rates and grade contributions from areas such as Coloso and Nazareno. <h2 style="text-align: center;">Acquisition Terms and Financing Structure</h2> <a href="https://www.stockwatch.com/News/Item/Z-C!SM-3837589/C/SM" target="_blank" rel="noopener">The TSX Venture Exchange has accepted for filing documentation related to its non-arm's-length acquisition of all of the issued and outstanding shares of First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE), which holds a 100% interest in the Del Toro silver mine in Mexico.</a> Sierra Madre completed the transaction on June 22, 2026, paying US$20 million in cash and issuing 10.87 million common shares at a deemed price of CA$1.30 per share. Additional contingent payments of up to US$40 million are tied to resource milestones and production targets, including a US$10 million payment due within 18 months and further US$10 million payments linked to achieving 100 million ounces silver equivalent resources within 48 months and 4,000 tonnes per day production within 60 months. <a href="https://www.stockwatch.com/News/Item/Z-C!SM-3837589/C/SM" target="_blank" rel="noopener">Concurrent with the acquisition</a>, Sierra Madre raised CA$57.5 million through a brokered private placement of 44.23 million subscription receipts at CA$1.30 each. Net proceeds funded the acquisition, with remaining funds allocated to Del Toro exploration, development, and working capital. Shares issued to First Majestic carry a four-month hold plus contractual escrow releases through June 2028. <h2 style="text-align: center;"> Perspectives and Valuation Outlook</h2> In a May 19 research note, VSA Capital analyst Oliver O'Donnell highlighted Sierra Madre's first-quarter 2026 results, noting net revenue of US$10.1 million, up 109% year over year, and adjusted EBITDA of US$2.8 million. The firm maintained a BUY rating and set a CA$2.70 target price, citing the low-cost expansion potential and leverage to silver prices. O'Donnell projected US$53 million in EBITDA for 2026 as capacity rises and higher grades are realized. <a href="https://nftrh.com/2026/06/26/precious-metals-risk-reward-now-in-line/" target="_blank" rel="noopener">NFTRH Premium wrote on June 26 that the risk and reward profile for precious metals had shifted following the sector's correction earlier this year</a>, noting that risk/reward had returned to favor precious metals versus broader equities. <a href="https://excelsiorprosperity.substack.com/p/metals-and-mining-stock-mashup-corrective?utm_source=post-email-title&publication_id=2151927&post_id=204077215&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In a June 29 edition of Metals and Mining Stock Mashup, Excelsior Prosperity's Shad Marquitz reviewed technical conditions across several commodity markets and mining equity indexes.</a> He observed that while gold and silver traded below their 200-day exponential moving averages, much of the downside in silver may already be priced in, with potential buying interest emerging around US$54-US$55. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Sierra Madre has transitioned to a producing silver company through the Del Toro acquisition, providing existing infrastructure and near-term expansion potential.</li> <li>The company raised CA$57.5 million in equity financing to complete the transaction and fund exploration, demonstrating strong capital markets access.</li> <li>A 30,000-meter drill program at Del Toro targets resource growth, with a new NI 43-101 report expected within 18 months.</li> <li>Analyst targets and projected EBITDA growth reflect leverage to higher silver grades and production rates through 2026.</li> <li>Contingent milestone payments align seller and buyer interests while preserving balance sheet flexibility through cash or share options.</li> <li>Market volatility in precious metals creates both risks and opportunities for investors focused on companies with operating assets.</li> </ul> <h2 style="text-align: center;">Share Structure and Ownership Profile</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$440.73 million, with 252.1 million shares outstanding. [OWNERSHIP_CHART-10135] The company's 52-week range is CA$0.66-CA$3.25. 1Institutions own 41.44% of shares, while Strategic Investors (First Majestic) own 24.74%. Management & Founders own 19.21%, and the remaining shares are held by Retail. <h2 style="text-align: center;">Common Questions from Investors</h2> What is the Del Toro mine acquisition cost structure? Sierra Madre paid US$20 million cash plus 10.87 million shares at closing, with up to US$40 million in future milestone payments tied to resources and production targets. How will the 30,000-meter drill program impact the company? The program aims to expand mineral resources and support a new technical report within 18 months, potentially increasing the project's value and production outlook. Are the shares issued to First Majestic subject to restrictions? Yes, they carry a four-month hold period plus contractual escrow releases in four equal tranches through June 2028. What are the key production milestones? Milestones include achieving 100 million ounces silver equivalent resources within 48 months and 4,000 tonnes per day commercial production within 60 months. How does the acquisition affect Sierra Madre's risk profile? The deal adds operating infrastructure and cash flow potential but includes related-party transaction considerations and contingent payment obligations that require careful capital management. In summary, Sierra Madre Gold and Silver has executed a transformative acquisition that positions it for meaningful production growth. Retail investors should monitor drill results, milestone achievements, and silver price trends as key variables influencing future performance. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sierra Madre Gold and Silver Ltd. and First Majestic Silver Corp.</li> <li>Jordan Nova 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=31701"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31701" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Thu, 02 Jul 2026 00:00:00 PST GoldHaven Resources Readies 7,000m Magno Drill Campaign https://www.streetwisereports.com/article/2026/07/02/goldhaven-resources-readies-7-000m-magno-drill-campaign.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/goldhaven-resources-readies-7-000m-magno-drill-campaign.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> GoldHaven Resources prepares its fully funded Magno drill program in BC's Cassiar District. Discover why the critical minerals project stands out for retail investors right now.GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) has taken a key step forward by signing a drilling contract that positions the company to test a large, 100%-owned land package rich in tungsten, silver, and other critical minerals. Retail investors seeking exposure to battery metals and defense-related commodities are watching the Cassiar District closely. GoldHaven Resources is preparing to launch its first drill program on the Magno Project, a district-scale asset that combines historical high-grade showings with modern geophysical data. <h2 style="text-align: center;">Why the Timing Matters for Critical Minerals Investors</h2> Global supply concerns around tungsten and indium have intensified in recent years. Tungsten, used in hard-metal tools and defense applications, has seen sharp price swings driven by geopolitical tensions. Silver continues to benefit from industrial demand and monetary factors. These trends create a window for junior explorers with large land positions and clear catalysts. <h2>GoldHaven Resources Stands Out With District-Scale Control</h2> Unlike fragmented claim blocks common in the region, GoldHaven Resources controls more than 37,000 hectares at Magno. This scale allows systematic exploration across multiple mineralized trends rather than isolated targets. The company recently completed a <a href="https://goldhavenresources.com/news/goldhaven-completes-2-320-line-km-district-scale-airborne-survey-at-magno-advancing-2026-drill-target-generation" target="_blank" rel="noopener">In June, GoldHaven announced the successful completion</a> of a high-resolution airborne survey covering 2,320 line-kilometers at 100-meter spacing. <h2>Key Investor Takeaways</h2> <ul> <li>GoldHaven Resources holds 100% of the Magno Project, eliminating joint-venture dilution risks common at the exploration stage.</li> <li>A 5,000-7,000 meter diamond drill program is fully funded and scheduled to begin once permits arrive, with initial work targeting the Kuhn tungsten skarn zone.</li> <li>The recently completed airborne QMAGT survey generated one of the largest modern magnetic datasets for the property, helping prioritize targets across silver-lead-zinc CRD and intrusion-related systems.</li> <li>Historical sampling returned peak values of 2,370 g/t silver, 6,550 ppm tungsten, and 334 ppm indium, confirming high-grade potential across multiple commodities.</li> <li>Analyst commentary highlights the current share price as attractive ahead of drilling, though technical signals remain mixed in the short term.</li> <li>Market capitalization sits near CA$11.81 million with 63.9 million shares outstanding, giving investors leveraged exposure to exploration success.</li> </ul> <h2>Business Advantages and Exploration Model</h2> GoldHaven Resources benefits from a streamlined corporate structure and a management team focused on advancing permitted, drill-ready projects. The <a href="https://goldhavenresources.com/news/goldhaven-engages-northtech-drilling-for-inaugural-drill-program-at-the-magno-project-2" target="_blank" rel="noopener">executed a drilling services agreement</a> with Northtech Drilling Ltd. brings a contractor with more than 600,000 meters of northern Canadian experience. This partnership reduces operational risk for the planned 3,000-meter minimum phase that will test both known tungsten mineralization and new geophysical anomalies. <h3>Understanding Key Technical Terms</h3> A skarn is a type of mineral deposit formed when hot fluids from an intrusion alter surrounding carbonate rocks, often producing tungsten or base-metal concentrations. Carbonate-replacement deposits (CRD) occur when mineralizing fluids replace limestone or dolomite, frequently carrying silver, lead, and zinc. Indium, a byproduct of zinc mining, is critical for solar panels and electronics, making its presence at Magno noteworthy. <h2>NI 43-101 Report Highlights District Potential</h2> <a href="https://goldhavenresources.com/news/goldhaven-files-ni-43-101-technical-report-for-the-district-scale-magno-polymetallic-project-cassiar-district-british-columbia" target="_blank" rel="noopener">The company filed an independent technical report</a> that documents widespread mineralization. Of 357 grab samples, 45 exceeded 100 g/t silver, while multiple zones returned tungsten values above 1,000 ppm. These results, combined with the new airborne data, provide a data-rich foundation for targeting. <h2>Analyst Views and Valuation Context</h2> Bob Moriarty of 321gold.com recently described the shares as "absurdly cheap" ahead of the fully funded program. An <a href="https://stockinvest.us/stock/GOH.CN" target="_blank" rel="noopener">An AI-written review of the stock by StockInvest.us on July 2</a> noted the stock trades in a wide falling channel that can sometimes present buying opportunities, while cautioning that a break below CA$0.157 could signal further weakness. Short-term moving averages currently flash a buy signal, while longer-term averages lean negative. <h2>Share Structure and Upcoming Catalysts</h2> GoldHaven Resources has a market cap of CA$11.81 million and 63.9 million shares outstanding. Strategic investors hold 7.95% while retail investors own the remaining 92.05%. The 52-week range spans CA$0.09 to CA$0.39. Key near-term milestones include receipt of exploration permits and mobilization of the drill rig, both expected in the coming months. [OWNERSHIP_CHART-10501] <h2>Common Questions from Investors</h2> <ul> <li>When will drilling start? The program is expected to begin in August once final permits are received, subject to standard regulatory timelines.</li> <li>What metals are the main focus? Initial holes will test tungsten at the Kuhn Zone while also evaluating silver-lead-zinc and indium targets identified by geophysics.</li> <li>How does the airborne survey help? The QMAGT data maps subsurface structures and magnetic features that often correlate with mineralized skarns and CRD systems, improving drill targeting efficiency.</li> <li>What is the current market capitalization? Approximately CA$11.81 million with 63.9 million shares outstanding.</li> <li>Are there any nearby producers? The Cassiar District has a long mining history; Magno sits among past-producing mines, providing infrastructure advantages.</li> </ul> GoldHaven Resources enters the final preparation phase for its inaugural drill program with financing secured, a major geophysical dataset in hand, and an experienced contractor engaged. For retail investors, the combination of district-scale land, multiple commodity exposures, and a clear near-term catalyst offers a defined opportunity set within the critical minerals sector, balanced by the inherent risks of early-stage exploration. <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>Jordan Nova 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=31700"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31700" width="0" height="0"> ( Companies Mentioned: GOH:CSE;GHVNF:OTCQB;4QS:FSE, ) Thu, 02 Jul 2026 00:00:00 PST Exploration Co. Advances High-Grade Gold-Silver Project in Arizona https://www.streetwisereports.com/article/2026/07/02/exploration-co-advances-high-grade-gold-silver-project-in-arizona.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/exploration-co-advances-high-grade-gold-silver-project-in-arizona.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) advances its Tombstone project in Arizona with new metallurgical testing and drill results ahead of a maiden resource estimate.On July 2, 2026, <a href="https://www.streetwisereports.com/pub/co/9156?utm_medium=feed" target="_blank" rel="noopener">Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB)</a> released several pieces of <a href="https://www.stockwatch.com/News/Item/U-by1184918-U!AZZTF-20260702/U/AZZTF" target="_blank" rel="noopener">company news</a>, including the announcement that the company had engaged Cassiday & Associates to conduct initial bottle-roll NaCN leach testing on samples from its Tombstone gold-silver project southeast of Tucson, Arizona. This testing will be conducted on multiple lithologic types and grade levels of oxidized gold-silver mineralization and is expected to advance characterization of the various mineralization types at the project. The Tombstone project drilling campaign has so far completed 17,927 meters of reverse circulation (RC) drilling, consisting of 87 holes. So far in 2026, the company has drilled 42 RC holes and 5 core holes, having reported results from the first 19 holes. Aztec expects to release more results within the next two months. Simon Dyakowski, President and CEO of Aztec, said in the release: " Metallurgical testing of our extensive intercepts of oxide gold-silver mineralization represents a key stepping-stone to de-risking the brownfield gold-silver Tombstone project. This work, in combination with the upcoming maiden Mineral Resource Estimate (MRE), is expected to demonstrate the Tombstone project's potential to become of greater economic significance to the local economy and the State of Arizona." In other news, Aztec has launched a new <a href="https://aztecminerals.com/" target="_blank" rel="noopener">website</a> with the intention of creating a smoother demonstration of the company's future goals and catalysts. Aztec Minerals Corp. is an exploration company focused on silver-gold projects in Sonora, Mexico, and Arizona, U.S. The Tombstone Project is located in Southeastern Arizona, and Aztec holds an 85% interest in the joint venture. <h2 style="text-align: center;">Gold & Silver Weathering Uncertain Economy</h2> Higher demand from electric cars, solar panels, data centers, and more is shoring up silver's future demand. <a href="https://finance.yahoo.com/personal-finance/investing/article/silver-price-predictions-what-should-investors-expect-over-the-next-decade-130000645.html" target="_blank" rel="noopener">Yahoo Finance</a> quoted experts from both BlackRock and J.P. Morgan as saying, " By the end of 2026, experts predict silver's price will surpass US$80 per ounce, and it could reach US$100 per ounce by 2030." In January 2026, gold surged to a record high, hitting<a href="https://finance.yahoo.com/markets/commodities/articles/gold-investors-tough-luck-news-202300207.html" target="_blank" rel="noopener"> over US$5,000 per ounce</a>, but has recently fallen due to a rise in inflation and a stronger U.S. dollar. Still, investors aren't shying away. On June 29, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? was optimistic about gold miners and their stocks, saying, "Gold showed a good bounce from below US$4,000 last week. I am encouraged by this and plan to watch closely during the summer months. My plan is still buying liquid big miners in late summer or September. Juniors, however, there are a lot of interesting opportunities that are worth buying." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. [OWNERSHIP_CHART-9156] <h2 style="text-align: center;">Analysts Optimistic About Company's Future</h2> 1On April 27, 2026, technical analyst <a href="https://www.streetwisereports.com/article/2026/04/24/arizona-gold-silver-explorer-with-better-than-expected-drill-results-technical-analyst-issues-buy-alert.html?utm_medium=feed" target="_blank" rel="noopener">Stewart Thomson gave the company a "Strong Speculative Buy" rating</a>, with a short-term price target of US$0.33 and a long-term price target of US$0.50. Thomson said that, "Volume is bullish, rising on rallies in the price, and fading on dips. MACD histograms are rising, and Stochastics is flashing a buy signal in the oversold zone." On June 2, 2026, Ben Pirie of Atrium Research initiated coverage on Aztec, giving the company a "Buy" rating, with a price target of CA$0.45. Pirie noted that, "Unlike most U.S. peers, the bulk of the Tombstone project sits on patented (private) land rather than federal BLM ground, with permitting governed at the county level." Pirie also remarked that the company's current drill program is the largest in its history and that the management team is very experienced, leading to his rating. <h2 style="text-align: center;">Drill Programs to Run Simultaneously</h2> The<a href="https://www.stockwatch.com/News/Item/Z-C!AZT-3825708/C/AZT" target="_blank" rel="noopener"> new Northern Contention area drill program</a> is expected to continue through August 2026, with results expected in Q4 2026. The company stated, "Aztec believes that the historic silver mines at Tombstone could be related to a much larger mesothermal system with CRD mineralization below the old mines. Since 2017, Aztec has completed geological mapping, geochemical sampling, and geophysical surveying to identify the most prospective areas for Au-Ag mineralization around and below the Contention open pit, and CRD zinc-lead-copper-silver-gold mineralization below the entire district. Aztec management views the district as highly prospective for the discovery of mesothermal and CRD mineralization." In Q2 2026, Aztec will begin planning for a 2026 exploration program for its Cervantes project in Mexico, according to <a href="https://aztecminerals.com/_resources/presentations/corporate-presentation.pdf?v=0.40" target="_blank" rel="noopener">the company's investor presentation</a>. <h2 style="text-align: center;">Ownership & Share Information2</h2> Aztec Minerals Corp. has a market cap of CA$40.61 million, with 188.88 million shares outstanding. The company's 52-week range is CA$0.17-CA$0.44. Institutions own 11.26% of shares, while Management & Insiders own 3.56%. The remaining 85.18% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Aztec Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> 1. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026 <ol> <li>For the quoted article (published on April 27, 2026), Aztec Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.</li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31699"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31699" width="0" height="0"> ( Companies Mentioned: AZT:TSX.V; AZZTF:OTCQB, ) Thu, 02 Jul 2026 00:00:00 PST Explorer With High-Grade Tungsten, Silver in BC Makes Drilling Partnership https://www.streetwisereports.com/article/2026/07/02/explorer-with-high-grade-tungsten-silver-in-bc-makes-drilling-partnership.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/explorer-with-high-grade-tungsten-silver-in-bc-makes-drilling-partnership.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) executes a drilling services agreement with Northtech Drilling Ltd. to conduct drilling at its 100%-owned Magno Project in the prolific Cassiar District of northern British Columbia. One expert asks whether the stock could be undervalued.GoldHaven Resources Corp. (GOH:CSE; GHVNF:OTCQB; 4QS:FSE) announced that it has <a href="https://goldhavenresources.com/news/goldhaven-engages-northtech-drilling-for-inaugural-drill-program-at-the-magno-project-2" target="_blank" rel="noopener">executed a drilling services agreement</a> with Northtech Drilling Ltd. to conduct the company's fully funded inaugural diamond drill program at its 100%-owned Magno Project in the prolific Cassiar District of northern British Columbia. Northtech will carry out an initial diamond drilling program, which is planned to span 5,000 to 7,000 meters, contingent on the finalization of necessary permits. The program aims to explore historical tungsten mineralization and other high-priority targets that were identified from a recently completed airborne QMAGT survey, the company said. Northtech, a seasoned northern Canadian drilling contractor, boasts over two decades of operational experience and has successfully completed over 600,000 meters of diamond drilling. The company's extensive experience includes projects for major and junior mining entities such as De Beers, Anglo American, BHP, and MMG Resources. The upcoming drill program is set to begin upon the receipt of final exploration permits and will initially include a minimum of 3,000 meters of diamond drilling. The focus will be on verifying and expanding the historical tungsten mineralization at the Kuhn Zone while also testing additional high-priority targets identified through the comprehensive district-scale airborne QMAGT geophysical survey, which covered more than 2,300-line kilometers across the expanded Magno Project, GoldHaven said. "Securing Northtech is another important milestone as we continue preparing for our inaugural drill campaign at Magno," GoldHaven President and Chief Executive Officer Rob Birmingham said. "Their extensive experience operating in northern Canada, combined with a proven track record on technically challenging exploration projects, makes them an excellent partner as we begin testing what we believe is one of the most compelling critical minerals exploration opportunities in the Cassiar District." Birmingham also highlighted the readiness of the project, noting, "With financing complete, our district-scale airborne survey now finished, and a drilling contractor in place, we are entering the final stages of preparation ahead of drilling. We look forward to mobilizing as soon as permits are received." The inaugural drill campaign at the Magno Project will focus on several priority areas, including the verification and expansion of the historical Kuhn tungsten skarn mineralization, testing interpreted extensions of known tungsten-bearing skarn horizons, initial drill testing of targets generated from the recently completed airborne Comprehensive Quantitative Magnetic Tensor (QMAGT) magnetic survey, and evaluation of additional silver-lead-zinc CRD and intrusion-related targets identified across the district-scale land package. GoldHaven said it believes that the combination of historical drilling data, high-grade surface sampling, extensive airborne geophysics, and geological modeling provides a robust foundation for the forthcoming exploration program. <h2 style="text-align: center;">A District-Scale Airborne Program</h2> <a href="https://goldhavenresources.com/news/goldhaven-completes-2-320-line-km-district-scale-airborne-survey-at-magno-advancing-2026-drill-target-generation" target="_blank" rel="noopener">In June, GoldHaven announced the successful completion</a> of the QMAGT airborne geophysical survey over Magno. The extensive district-scale airborne program covered approximately 2,320-line kilometers, gathering high-resolution geophysical data across GoldHaven's expansive 37,000+ hectare land package. This achievement has resulted in one of the largest and most detailed modern airborne magnetic datasets ever acquired for the project. The collected data is set to be a crucial asset in enhancing the exploration process. It will be combined with existing geological mapping, historical drilling data, and recent high-grade surface sampling results, which include values of up to 2,370 grams per tonne (g/t) silver, 6,550 parts per million (ppm) tungsten, and 334 ppm indium. This integration aims to refine and prioritize drilling targets across various mineralized trends within the project area. With the data acquisition phase now complete, GoldHaven has moved into the interpretation and drill target generation phase of its 2026 exploration program. The survey, which was conducted with a 100-meter line spacing across the Magno Project, is specifically designed to improve the targeting of key minerals such as silver, lead, zinc, tungsten, and copper. “I've been waiting for this dataset since the day we assembled this land package," Birmingham said at the time. "For the first time, we can evaluate Magno as one connected mineral system rather than a collection of isolated historical showings. The preliminary data already highlight an extensive structural framework and numerous magnetic features across the property. Several of these features appear spatially associated with known historical mineral occurrences, while additional anomalies have been identified in previously underexplored areas, and we're now integrating those observations with geology and geochemistry to refine drill targets. I believe the work completed over the coming weeks will define our most systematic drill program to date across the Magno district.” <h2 style="text-align: center;">Magno National Instrument 43-101 Technical Report</h2> <a href="https://goldhavenresources.com/news/goldhaven-files-ni-43-101-technical-report-for-the-district-scale-magno-polymetallic-project-cassiar-district-british-columbia" target="_blank" rel="noopener">The company filed an independent technical report</a> for Magno in accordance with National Instrument 43-101 in March. The technical report reveals promising exploration results that underscore the project's potential, including exceptional grades of silver, lead, zinc, and significant indium enrichment, which collectively highlight the district-scale potential of the property. With flow-through financing currently underway, the company is keenly focused on advancing permitting processes and preparing for drilling activities aimed at fully unlocking the value of the Magno Project. Key highlights from the Magno Project, as detailed in the NI 43-101 technical report, include high-grade silver-gold-zinc-lead results, with grab samples returning values greater than 25 g/t gold, 2,370 g/t silver, over 20% lead, and 19.25% zinc from the Magno and D Zones. Notably, 45 out of 357 samples exceeded 100 g/t silver, confirming the presence of widespread high-grade mineralization, GoldHaven said. Additionally, the discovery of 334 ppm indium associated with sphalerite (zinc) marks the highest recorded values in the Cassiar District, underscoring Magno's strategic importance amid a tightening global supply of this critical mineral. The report also highlights strong and widespread tungsten mineralization, with 32 samples returning values greater than 1,000 ppm tungsten, including a peak of 6,550 ppm at Vines Lake. Consistent tungsten values ranging from 500 to 5,000 ppm at Kuhn and Dead Goat support the presence of a robust tungsten-skarn system. <h2 style="text-align: center;">Expert: Stock 'Absurdly Cheap'</h2> When asked about the stock, Bob Moriarty of 321gold.com told Streetwise Reports, "Goldhaven has gone from cheap a month ago at CA$.35 to absurdly cheap a few days ago at CA$.16 while only a month away from a 5,000 to 7,000 fully funded drill program at their 100% owned Magno property in BC." Moriarty said he expects the company to devote a lot of time and energy to advancing the Kuhn tungsten project within Magno. "The company is waiting for pending exploration permitting but anticipates starting the drill program in August," Moriarty said. "Tungsten has gotten caught up in the games between China and the U.S., with the price tripling in the past year only to correct by 50%." <h2 style="text-align: center;">'A Very Good Buying Opportunity'</h2> <a href="https://stockinvest.us/stock/GOH.CN" target="_blank" rel="noopener">An AI-written review of the stock by StockInvest.us on July 2</a> noted that the stock was "in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity." However, if the stock breaks through the lower trend floor at CA$0.157, it could signal a more pronounced decline. Based on the current trend, the stock is anticipated to decrease by 24.68% over the next three months, with a 90% probability of holding a price between CA$0.118 and CA$0.223 at the end of this period. On June 23, 2026, a buy signal was issued from a pivot bottom point, and since then, the stock has risen by 12.12%, the site said. The expectation is for further increases until a new top pivot is found, although some negative signals have also been issued, which could affect short-term performance. Currently, the stock has a buy signal from the short-term moving average, while the long-term average suggests a general sell signal, indicating a more negative outlook overall. Resistance may be encountered at the long-term moving average at $0.225, and support might be found at the short-term average of $0.182. A breakthrough above the long-term average would trigger another buy signal, whereas a drop below the short-term average would reinforce the sell signal. Additionally, there is a sell signal from the 3-month Moving Average Convergence Divergence (MACD). A recent decrease in volume without a change in price does not directly indicate divergence but could be a precursor to a potential turning point, according to the analysis. The notably low volume heightens the risk and diminishes the reliability of other technical signals. <h2 style="text-align: center;">The Catalyst: A Tale of Two Markets</h2> Silver prices experienced a notable increase on Thursday, rising above US$61 per ounce, rebounding from their lowest point in seven months, <a href="https://www.tradingview.com/news/te_news:563795:0-silver-rallies-as-weak-jobs-data-cuts-fed-hike-odds/" target="_blank" rel="noopener">according to a July 2 report on TradingView</a>. This surge came as financial markets adjusted their expectations for Federal Reserve interest rate hikes following weaker-than-expected U.S. employment data. The U.S. economy added only 57,000 jobs in June, marking the smallest increase in four months and significantly below the anticipated 110,000 jobs. Notably, the leisure and hospitality sector shed 61,000 jobs, despite an influx of tourism due to the World Cup. In a surprising turn, the unemployment rate fell to 4.2%, attributed to workers leaving the labor force, while annual wage growth increased to 3.5%. Following this report, the likelihood of a Federal Reserve rate hike in September dropped to under 50%, a decrease from the previous 67% probability, the article said.[OWNERSHIP_CHART-10501] Fed Chair Kevin Warsh, speaking on Wednesday, acknowledged that inflation expectations had moderated but emphasized the Fed's continued commitment to maintaining price stability. Additionally, silver prices were buoyed by increased oil shipments through the Strait of Hormuz and advancements in the indirect talks between the U.S. and Iran, which contributed to lower oil prices and alleviated some inflationary pressures. Tungsten, while a smaller and more niche segment of the metal market, has shown performance that rivals that of larger markets. <a href="https://www.mining.com/web/munitions-metal-tungsten-outshines-gold-copper-in-557-rally/" target="_blank" rel="noopener">According to an article by Mining.com</a>, "Project Blue estimates its value at about US$16 billion this year — roughly 5% of the copper market at current prices." Unlike more mainstream metals, tungsten does not trade on major exchanges, making it a more opaque and illiquid market. Despite this, tungsten's price increases over the past year have significantly exceeded those of other commodities like gold and oil. Known as one of the strongest metals in the world, tungsten plays a crucial role in the manufacture of weaponry, especially during times of conflict. <h2 style="text-align: center;">Ownership and Share Information1</h2> GoldHaven Resources Corp. has a market cap of CA$11.81 million, with 63.9 million shares outstanding. The company's 52-week range is CA$0.09-CA$0.39. Strategic Investors own 7.95% of shares, while the remaining 92.05% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>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=31698"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31698" width="0" height="0"> ( Companies Mentioned: GOH:CSE;GHVNF:OTCQB;4QS:FSE, ) Thu, 02 Jul 2026 00:00:00 PST Gold Miner Reaches Key Construction Milestone for Tanzania Project https://www.streetwisereports.com/article/2026/07/02/gold-miner-reaches-key-construction-milestone-for-tanzania-project.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/gold-miner-reaches-key-construction-milestone-for-tanzania-project.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE) appoints an Engineering, Procurement, and Construction Management (EPCM) contractor for its fully permitted Imwelo Gold Project in Tanzania. One analyst says the company has "plenty of exploration upside."<a href="https://www.streetwisereports.com/pub/co/11073?utm_medium=feed" target="_blank" rel="noopener">Lake Victoria Gold Ltd. (LVG:TSX.V; LVGLF:OTCQB; E1K:FSE)</a> announced it had appointed an Engineering, Procurement, and Construction Management (EPCM) contractor for its fully permitted Imwelo Gold Project in Tanzania, <a href="https://lakevictoriagold.com/lake-victoria-gold-formalizes-tanzanian-led-epcm-team-advancing-the-fully-permitted-imwelo-gold-project-toward-construction/" target="_blank" rel="noopener">according to a July 2 release</a>. Lake Victoria's wholly owned subsidiary, Tembo Gold Ltd., which holds the mining license ML 538/2015 for the project, made the appointment in collaboration with Sutton Consulting International Ltd., which will serve as the international technical support partner, the release said. This strategic appointment was approved by the Mining Commission on June 29 and aligns with Tanzania's Mining (Local Content) Regulations of 2018. This approval marks a pivotal moment for LVG as it propels the Imwelo Project into the final stages of engineering, procurement planning, and construction preparation under a unified Tanzanian-led project delivery framework. "This is a key milestone in preparing Imwelo for construction," President and Chief Executive Officer Marc Cernovitch said. "With Mining Commission approval received and our EPCM structure now formalized, we have moved another important step closer to building one of Tanzania's next new gold mines. Equally important, we are advancing Imwelo the right way. Tanzania has a clear regulatory framework for local content and mining project development, and we believe long-term success in the country requires working constructively with the Mining Commission, respecting that framework, and ensuring Tanzanian companies and professionals play a meaningful role in project execution. CECL (City Engineering) and Sutton give us the right platform to do that." He continued, "CECL brings Tanzanian leadership, local engineering capability, and in-country execution capacity, while Sutton adds specialist international technical support and African mine-development experience. Together, they provide the structure we need to move final engineering, procurement planning, and construction preparation forward in a disciplined and compliant manner." Key aspects of the partnership include CECL taking on the role of primary EPCM contractor and commercial lead, thereby providing local project leadership, engineering capabilities, and in-country construction management support, Lake Victoria said. Sutton, on the other hand, will contribute its expertise as an international technical-support partner by offering specialist engineering reviews, experience in African mine development, and additional technical support to the EPCM mandate. The integrated EPCM mandate is set to oversee and coordinate a range of critical activities, including final detailed engineering, procurement planning, infrastructure design, mine planning support, construction preparation, and overall project management, the release noted. Significant progress is being made in various development workstreams such as the design of tailings and water infrastructure, geotechnical and hydrogeological studies, process plant optimization, procurement support, and construction quality assurance. Concurrently, project advancement is proceeding alongside financing activities, the company said. This includes the previously announced gold loan facility term sheet with Monetary Metals & Co., which could provide up to approximately US$25 million, though this is still subject to meeting certain conditions and obtaining the necessary regulatory approvals. <h2 style="text-align: center;">Details of Partnership</h2> The EPCM model integrates robust Tanzanian engineering and environmental capabilities with international technical expertise, LVG said. CECL, a 100% Tanzanian-owned company, leads the project delivery. CECL is registered with Tanzania's National Environment Management Council, Engineers Registration Board, and the Department of Water Resources, and brings a wealth of local expertise in areas such as geotechnical investigation, environmental impact assessments, and water treatment design. Partnering with CECL is Sutton, a multi-disciplinary mining and engineering consultancy that is part of the Sutton Global Group, which contributes its extensive experience in gold and multi-commodity projects across Africa, including expertise in process plant design, tailings storage facility engineering, and mine planning, LVG said. The EPCM structure is designed not only to deliver engineering services but also to enhance local engineering capabilities, expand opportunities for Tanzanian professionals and suppliers, and facilitate substantial knowledge transfer. This approach aligns with Tanzania's Mining (Local Content) Regulations, which aim to ensure that the country's mineral resources contribute to broad-based national development by prioritizing Tanzanian ownership and skill development. Lake Victoria Gold said it views local content as a crucial aspect of responsible mine development in Tanzania. The company's strategy is to support Tanzanian participation in project delivery while maintaining international technical standards through Sutton's specialist support. This model is seen as vital for the growth of Tanzania's mining services sector and the successful development of new mines in the country. However, it is important to note that while the Imwelo project has undergone JORC-compliant Preliminary Economic Assessment (PEA) and Pre-Feasibility Studies (PFS), these studies are not current under NI 43-101 standards. The company has not completed a feasibility study to establish mineral reserves demonstrating economic and technical viability. Therefore, any decision to commence production involves increased uncertainty and a higher risk of economic and technical failure, including potential variations in grade and recovery, geotechnical or metallurgical challenges, cost overruns, and regulatory risks. In financial developments, Lake Victoria successfully closed the third and final tranche of its non-brokered private placement of unsecured convertible debentures, raising gross proceeds of CA$331,000, with total proceeds from all tranches amounting to CA$4,165,200. The debentures, bearing interest at 5% per annum and maturing 36 months from issuance, are convertible into common shares at CA$0.30 per share. The funds raised are earmarked for ongoing development activities at the Imwelo Gold Project, including engineering, mine planning, infrastructure preparation, and field programs, the company said. No finder's fees were paid in connection with this tranche, and the placement is subject to the final approval of the TSX Venture Exchange. <h2 style="text-align: center;">Sterilization Drill Program Completed</h2> Lake Victoria recently achieved another crucial milestone in the development of Imwelo, as <a href="https://www.streetwisereports.com/article/2026/06/23/tanzania-focused-gold-developers-sterilization-drilling-clears-the-way-for-construction.html?utm_medium=feed" target="_blank" rel="noopener">detailed in a June 23 update by Atrium Research Analyst Ben Pirie</a>. The company successfully completed a sterilization drill program, confirming that the areas designated for the proposed process plant and accommodation/man-camp are devoid of significant gold mineralization. This confirmation allows construction to proceed without the risk of sterilizing valuable mineral resources, significantly de-risking the project as it nears the construction phase. The sterilization drilling, which is a standard practice before construction, involved drilling 23 holes — 12 beneath the proposed process plant area and 11 beneath the proposed accommodation/man-camp area. The drilling results, which align with the regional total magnetic intensity survey, verified that the known mineralized trend is located south of the planned infrastructure. Additionally, the drilling identified a continuous 3- to 5-meter clay horizon across the plant area, providing essential geotechnical data for foundational and civil design purposes. Lake Victoria also reported positive geotechnical results that support the final pit design at Area C, Pirie said. Furthermore, the company has successfully closed its convertible debenture financing in two tranches and has strengthened its in-country leadership team in Tanzania. These steps underscore the company's thorough preparation and strategic planning as it advances towards operational readiness. Looking ahead, key catalysts for Lake Victoria include ongoing progress and drilling results from the Tembo Project with Barrick, and the anticipated commencement of construction at Imwelo in Q3/2026. A recent geotechnical review at Area C has provided crucial inputs for pit slope design, confirming strong rock conditions conducive to potentially steeper slopes, subject to detailed design. This geotechnical insight is being integrated into a revised pit design for Area C, alongside continuous resource modeling, mine planning, and engineering efforts. Pirie expressed optimism about the company's prospects, noting, "The company has plenty of exploration upside across the portfolio, with Imwelo offering mine-life extension potential and Tembo hosting multiple targets adjacent to Barrick's Bulyanhulu Mine." He rated the stock a Buy with a CA$0.50 per share target price. In a separate note dated April 2, Red Cloud's Alina Islam commented on the agreement with Monetary Metals, describing it as another significant milestone for the company that provides Lake Victoria with a credible, largely non-dilutive funding pathway to advance Imwelo towards development. The gold loan, denominated and repayable in up to 6,000 ounces of gold, carries a 15% annual interest rate on a multiyear term and is expected to close within 60-90 days, pending due diligence and regulatory approvals. <h2 style="text-align: center;">The Catalyst: Jobs Numbers Spur Gold Rally</h2> Spot gold and silver prices saw significant increases following the release of the June employment report on Thursday, which came in weaker than expected, <a href="https://www.kitco.com/news/article/2026-07-02/gold-and-silver-rally-nfp-miss-dents-fed-hike-bets-kitco-am-report" target="_blank" rel="noopener">Kitco News reported on July 2</a>. This report led to a decrease in the U.S. dollar's value and tempered expectations for near-term tightening by the Federal Reserve. At the time of reporting, spot gold was trading around US$4,123.80 an ounce, marking a 2.28% increase, while spot silver reached approximately US$61.052, up by 3.27%. The employment data for June indicated a softer stance from the Federal Reserve might be on the horizon. Nonfarm payrolls increased by only 57,000 in June, falling short of the anticipated 115,000, while the unemployment rate dropped to 4.2%. Additionally, payroll figures for April and May were revised down by a total of 74,000. Although the data suggested weaker economic activity, which typically would lower the dollar and reduce Treasury yields, the still-low unemployment rate implies ongoing economic resilience, preventing a swift policy shift by the Fed, the Kitco piece said. Consequently, discussions about further rate hikes are now being deferred, with market expectations shifting from October to December. The situation in the Strait of Hormuz remains tense and uncertain. Despite daily traffic stabilizing at about 40 vessels per day over the past week, there is ongoing ambiguity regarding the authority to manage the strait's traffic. Iran insists on its right to control the passage, while U.S. forces maintain that no nation has the authority to close or regulate the waterway. Market participants are also closely monitoring the early closures of U.S. cash markets due to the upcoming July 4 holiday and are preparing for the next inflation data release scheduled for July 14, the Kitco report noted. The reduced liquidity over the holiday period could lead to more pronounced fluctuations in the dollar, Treasury yields, and precious metal prices. [OWNERSHIP_CHART-11073] Deutsche Bank analysts have noted a "hawkish repricing" in Federal Reserve expectations recently, with investors now anticipating that the Fed might increase interest rates as early as September, as indicated by the CME's FedWatch tool, <a href="https://www.investing.com/news/commodities-news/gold-prices-steady-with-nonfarm-payrolls-in-focus-4772204">according to a report by Jaiveer Shekhawat for Investing.com on July 2</a>. Generally, higher interest rates are used to control inflation, but they carry the risk of negatively impacting the labor market and broader economic growth. This week, however, the momentum towards a hawkish stance softened somewhat. This change was influenced by a report — considered less comprehensive than the Non-Farm Payrolls (NFP) data — indicating that private sector payrolls in June grew less than expected, Shekhawat wrote. Additionally, comments on Wednesday from the new Fed Chair, Kevin Warsh, suggested that inflation risks in the U.S. might be diminishing, sparking speculation that the Fed might delay rate hikes, possibly not raising rates as early as this month. The direction of interest rates is particularly significant for gold, as it affects the opportunity cost of holding the non-yielding asset. Concurrently, the U.S. dollar index saw a slight decline, but the prospect of a more hawkish Fed trajectory has maintained the currency's strength above its pre-conflict levels. A stronger dollar generally has a negative impact on gold prices, as it increases the cost for international buyers. Neil Welsh, Head of Metals at Britannia Global Markets, commented on the situation, noting, "The firmer currency backdrop [...] is prompting investors to reassess positioning after a volatile few weeks." <h2 style="text-align: center;">Ownership and Share Structure1</h2> Lake Victoria Gold Ltd. has a market cap of CA$51.89 million, with 199.58 million shares outstanding. The company's 52-week range is CA$0.16-CA$0.36. Institutions own 15% of shares, while Strategic Corporate Investors own 23%, Management and Insiders own 28% of shares, and the remaining 34% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Lake Victoria Gold Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lake Victoria Gold Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31694"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31694" width="0" height="0"> ( Companies Mentioned: LVG:TSX.V; LVGLF:OTCQB; E1K:FSE, ) Mon, 06 Jul 2026 00:00:00 PST ESGold Corp. Montauban Project Nears Production in Gold Market https://www.streetwisereports.com/article/2026/07/02/esgold-corp-montauban-project-nears-production-in-gold-market.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/esgold-corp-montauban-project-nears-production-in-gold-market.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> ESGold Corp. advances its Montauban tailings project toward first production while gold prices create opportunities for near-term producers. Discover key catalysts, analyst targets, and investor insights.Gold market volatility has created a compelling entry point for investors seeking exposure to near-term producers. <a href="https://www.streetwisereports.com/pub/co/2969?utm_medium=feed" target="_blank" rel="noopener">ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)</a> stands out because its Montauban Project in Quebec combines fully permitted tailings reprocessing with deeper exploration potential, positioning the company to generate cash flow while gold experiences periodic corrections. <h2 style="text-align: center;">Current Gold Market Opportunity for Junior Producers</h2> Recent price action shows gold retreating from highs amid higher Treasury yields and shifting investor flows. <a href="https://vongreyerz.gold/gold-matters-why-golds-correction-is-a-multi-year-opportunity?utm_campaign=163139794-2025%20-%20Newsletters&utm_medium=email&_hsenc=p2ANqtz-8Gqg16j3FiKqnFxT2IBa23Zw327LtIs6r7yBBZ02JElq9l3A7VpyGZEWFx58CE-1dtJgpfZtsopIBfOX78u-Fd3Pj0FV1KV5seeD6q7fb_mp2iQ9A&_hsmi=139421517&utm_content=139421517&utm_source=hs_email" target="_blank" rel="noopener">Writing on June 28, Matthew Piepenburg examined the factors behind gold's mid-year price decline while discussing what he described as the metal's longer-term direction</a>. Central banks continue buying at lower levels even as retail flows pause. <a href="https://www.reuters.com/world/india/gold-slips-fading-us-iran-peace-prospects-reinforce-fed-rate-hike-bets-2026-07-01/" target="_blank" rel="noopener">Reuters reported on July 1 that gold prices declined after reaching a seven-month low in the previous session as higher Treasury yields weighed on the metal</a>. Analysts note this environment often favors companies with visible production timelines rather than pure exploration plays. <h2 style="text-align: center;">Why ESGold Corp. Stands Out Among Peers</h2> ESGold differentiates itself through operational execution at Montauban rather than relying solely on discovery risk. The company recently strengthened its team by appointing <a href="https://www.miningnewswire.com/esgold-corp-cse-esau-otcqb-esauf-ramps-up-operations-team-as-montauban-project-advances-toward-production/" target="_blank" rel="noopener">Pierre-Marc Gagnon, P.Eng., as Operations Director for the Montauban Project, as the company continues construction and operational readiness activities at the Quebec project</a>. His background at Agnico Eagle and Newmont brings direct experience in underground development and processing coordination. This addition complements the earlier hiring of CFO Jason Tong, completing key elements of the operational and financial framework needed for production. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>ESGold holds a fully permitted, funded tailings reprocessing project targeting first production in the second half of 2026, providing a clear path to cash flow.</li> <li>Analyst price targets range from CA$0.90 to CA$1.30, reflecting both near-term production and longer-term exploration upside.</li> <li>The Montauban site already features a completed mill building, hydropower, and road access, reducing typical construction risks.</li> <li>Management and insiders control 60% of shares, aligning interests with retail investors.</li> <li>Exploration targets remain open below 200 meters with no impact on the existing tailings economics if drilling results vary.</li> <li>Market capitalization of CA$69 million offers leverage to both gold prices and operational milestones.</li> </ul> <h2 style="text-align: center;">Unique Business Model: Tailings Reprocessing Plus Exploration</h2> ESGold's approach focuses first on reprocessing historic mine waste to recover gold, silver, and mica. This method uses existing material rather than new mining, lowering initial capital intensity. Phase 1 targets production from the Montauban tailings, while Phase 2 expands into district-scale exploration using an integrated 3D geological model. The model has already outlined a mineralized corridor reaching approximately 900 meters depth. <a href="https://www.miningnewswire.com/esgold-corp-cse-esau-otcqb-esauf-ramps-up-operations-team-as-montauban-project-advances-toward-production/" target="_blank" rel="noopener">According to the company</a>, site preparation and equipment installation continue on schedule, supporting the move toward commissioning. <h2 style="text-align: center;">Key Assets, Catalysts, and Industry Timing</h2> The Montauban Project benefits from more than US$15 million already invested in permitting, infrastructure, and metallurgical testing. The facility includes a 20,000-square-foot processing plant with 1,000-ton-per-day capacity. Upcoming milestones include step-out drilling in the third quarter of 2026, first gold pour in the fourth quarter of 2026, and NI 43-101 resource conversion for the crown pillar in 2027. These catalysts align with broader sector interest in juniors that can self-fund exploration from operating cash flow. <h2 style="text-align: center;">Analyst Views and Valuation Considerations</h2> <a href="https://www.streetwisereports.com/article/2026/06/17/quebec-gold-silver-developer-receives-dor-melting-furnace-as-montauban-nears-first-production.html?utm_medium=feed" target="_blank" rel="noopener">In a June 11 research report, Atrium Research analysts Riley Venton, P.Eng., and Ben Pirie reiterated a BUY rating and CA$1.30 price target on ESGold Corp. following the delivery of a tilting-type dor melting furnace to the Montauban Project. </a> They highlighted the dual thesis of near-term production funding and future exploration. <a href="https://www.streetwisereports.com/article/2026/06/22/quebec-tailings-reprocessor-nears-first-gold-pour-as-deep-drilling-catalyst-looms.html?utm_medium=feed" target="_blank" rel="noopener">On June 22, Alina Islam of Red Cloud Securities initiated coverage of ESGold with a BUY rating and a CA$0.90 price target</a>. The Red Cloud report emphasized sufficient liquidity to reach first pour without additional equity raises and noted the exploration upside remains additive rather than essential to project economics. <h2 style="text-align: center;">Share Structure and Ownership</h2> ESGold Corp. has a market cap of CA$69 million, with 91.44 million shares outstanding. The company's 52-week range is CA$0.19-CA$1.44. 1Institutions own 5% of shares, while Management & Insiders own 60%. The remaining 35% of shares are held by Retail. [OWNERSHIP_CHART-2969] <h2 style="text-align: center;">Common Questions from Investors</h2> <ul> <li>What is tailings reprocessing? It involves recovering metals from historic mine waste using modern processing methods without new underground development initially.</li> <li>When is first production expected? The company targets the second half of 2026, with commissioning activities already underway.</li> <li>How does exploration affect the core project? A successful drill program could add value, but tailings economics remain intact regardless of results.</li> <li>Is additional financing required? Current liquidity is viewed as sufficient to reach first pour according to recent analyst reports.</li> <li>What metals will be produced? The project focuses on gold and silver from tailings, with a potential mica offtake agreement as an additional revenue stream.</li> </ul> ESGold offers retail investors a balanced exposure to production timelines and exploration leverage within a jurisdiction known for stable permitting. The combination of team additions, analyst support, and advancing milestones creates a focused opportunity amid broader gold market dynamics. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>ESGold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Agnico Eagle Mines Ltd.</li> <li>Jordan Nova 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=31691"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31691" width="0" height="0"> ( Companies Mentioned: ESAU:CSE;ESAUF:OTCQB; Z7D:FSE, ) Thu, 02 Jul 2026 00:00:00 PST South Pacific Metals Launches Kili Teke Copper Gold Exploration https://www.streetwisereports.com/article/2026/07/02/south-pacific-metals-launches-kili-teke-copper-gold-exploration.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/south-pacific-metals-launches-kili-teke-copper-gold-exploration.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> South Pacific Metals begins work at the Kili Teke copper gold project in Papua New Guinea after securing community backing, unlocking a 4.2 million ounce resource amid surging metal demand.The global push for copper and gold continues to accelerate in 2026, driven by AI infrastructure needs, electrification projects, and persistent central bank buying. South Pacific Metals Corp. (SPMC:TSXV; SPMEF:OCTMKTS) now enters this environment at an opportune moment by <a href="https://www.stockwatch.com/News/Item/Z-C!SPMC-3836074/C/SPMC" target="_blank" rel="noopener">the commencement of exploration</a> at its flagship Kili Teke copper-gold project in Papua New Guinea. Retail investors seeking exposure to district-scale copper-gold systems with substantial prior investment will find several compelling reasons to examine South Pacific Metals closely. The company has secured broad governmental and community endorsements that clear the path for systematic drilling across multiple high-potential zones. <h2 style="text-align: center;">Why South Pacific Metals Stands Out in the Current Market</h2> South Pacific Metals focuses exclusively on Papua New Guinea's established gold and copper corridors. Its portfolio includes the Ontenu (Osena), Anga, Kili Teke, and May River properties. This geographic concentration allows the company to leverage existing infrastructure and regulatory familiarity while advancing the most advanced asset first. The recent start of field work at Kili Teke marks the largest catalyst in the company's history. After obtaining formal support from the Hela provincial government, the Koroba-Kopiago District, the Awi-Logayu local-level government, and local landowners, South Pacific Metals' subsidiary Kainantu Resources Ltd. is positioned to execute its exploration program without social license risk. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Kili Teke hosts a National Instrument 43-101 inferred resource of 4.2 million ounces gold equivalent on the Central Main Porphyry alone, with three additional prospect areas still largely untested.</li> <li>More than US$20 million in historical work has already outlined over ten exploration targets across porphyry, epithermal gold, and skarn styles.</li> <li>Strong community and provincial endorsements reduce permitting risk and support an accelerated 2026 work program.</li> <li>Commentary highlights the current market capitalization as significantly below peers with comparable resources, creating a potential re-rating opportunity on drill results.</li> <li>Copper and gold price trends remain structurally supported by AI data center demand and geopolitical factors, aligning with Kili Teke's metal mix.</li> </ul> <h2 style="text-align: center;">Understanding the Scale of the Kili Teke System</h2> The project <a href="https://www.stockwatch.com/News/Item/Z-C!SPMC-3836074/C/SPMC" target="_blank" rel="noopener">highlights</a> demonstrate why the asset stands out for an explorer of South Pacific Metals' size. A National Instrument 43-101 inferred mineral resource of 237 million tonnes grading 0.24 gram per tonne gold and 0.34 percent copper contains 1.81 million ounces gold, 802,000 tonnes copper, and 40,000 tonnes molybdenum. This equates to 4.2 million ounces gold equivalent on the Central Main Porphyry alone. The resource represents only one of four distinct prospect areas. The remaining zones include the Ieru porphyry, the Ridge gold area, and the skarn corridor. Deeper, higher-grade portions of the known system also remain open. A machine-learning targeting study completed by ALS Geoanalytics ranked 14 drill targets and classified six as Rank 1, including a high-priority deep porphyry target beneath the Central Main Porphyry and several targets along the resource margins. <h2 style="text-align: center;">Multiple Mineralization Styles Increase Discovery Odds</h2> Beyond the defined resource, South Pacific Metals has outlined more than ten exploration targets spanning three distinct mineralization styles. The Ridge gold area shows a Porgera-style alkalic epithermal gold signature with soils reaching 9.39 grams per tonne gold and rock chips up to nine grams per tonne gold. The Ieru porphyry target delivered surface rock chips up to 38.7 percent copper and 40 grams per tonne gold. Historical trenching returned 27 meters at 0.97 percent copper and 1.25 grams per tonne gold. A corridor of high-grade copper, gold, silver, and zinc skarn targets includes historical intercepts such as 7.8 meters at 12.98 percent copper and 11.75 grams per tonne gold outside the current resource. <h2 style="text-align: center;">Industry Timing Supports Copper Gold Focus</h2> Gold reached record levels earlier in 2026, trading <a href="https://finance.yahoo.com/markets/commodities/articles/gold-investors-tough-luck-news-202300207.html" target="_blank" rel="noopener">over US$5,000 per ounce</a> before moderating amid inflation concerns and a stronger U.S. dollar. Copper prices have shown even greater resilience, climbing more than 10 percent since the start of the year and over 40 percent since early 2025. The rally stems from AI data center construction, factory recovery in China, and tightening mine supply. <a href="https://economictimes.indiatimes.com/news/international/us/what-is-really-driving-copper-futures-to-record-highs-copper-prices-just-broke-every-record-as-ai-data-center-boom-fuels-global-supply-crunch/articleshow/131064718.cms?from=mdr" target="_blank" rel="noopener">Piyush Shukla of The Economic Times</a> noted that copper futures have broken every record as these factors deepen the global supply crunch. Long-term demand forecasts indicate strategic sectors such as AI infrastructure and defense could account for nearly 45 percent of copper consumption by 2040. <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a> that gold remains structurally supported despite volatility, while the World Bank forecasts a 17 percent rise in overall metals prices for 2026. <h2 style="text-align: center;">Chen Lin Highlights Undervaluation Potential</h2> Chen Lin of What is Chen Buying? What is Chen Selling? described the recent social license achievement as the biggest news in South Pacific Metals' history. He compared the 4.2 million ounce gold equivalent resource to another company trading at seven to eight times South Pacific Metals' market capitalization and labeled the stock very undervalued. The company holds approximately 4 to 5 million Canadian dollars in cash following a December financing and plans to begin drilling high-grade areas in September 2026 while also advancing targets near K92 Mining Inc. (KNT:TSX.V; KNTNF:OTCMKTS). Multiple drill results are expected throughout the summer months. [OWNERSHIP_CHART-10406] <h2 style="text-align: center;">Share Structure and Capital Position</h2> South Pacific Metals Corp. maintains a market capitalization of CA$28.35 million with 69.14 million shares outstanding. The 52-week trading range stands at CA$0.31 to CA$0.94. 1Institutions hold 9.16 percent of shares, management and insiders own 8.50 percent, and retail investors account for the remaining 82.34 percent. This tight share structure can amplify upward moves on positive exploration news. <h2 style="text-align: center;">Planned 2026 Work Program</h2> The company's <a href="https://southpacificmetals.ca/wp-content/uploads/2026/02/South-Pacific-Presentation-20jan2026-VN-1.pdf" target="_blank" rel="noopener">investor presentation</a> outlines near-term activities including close-spaced soil sampling and rock chip programs to refine alkalic gold targets, a ground magnetics survey targeting near-surface skarns, and follow-up drilling contingent on results. These steps represent a disciplined, data-driven approach to vectoring toward higher-grade portions of the system. <h2 style="text-align: center;">Common Questions from Investors</h2> What is a National Instrument 43-101 resource? It is Canada's standardized reporting code requiring qualified persons to verify mineral resource estimates, providing investors with consistent and reliable technical disclosure. How does community support affect project timelines? Formal endorsements from provincial and local governments typically reduce delays related to permitting and access, allowing exploration to proceed more efficiently. Why focus on Papua New Guinea? The country hosts multiple world-class gold and copper deposits and established production corridors, offering geological prospectivity and existing infrastructure. What catalysts should investors monitor? Upcoming drill results from high-priority targets, additional surface sampling data, and any updates on copper or gold prices will likely influence valuation. South Pacific Metals now holds a fully permitted platform to test a large, underexplored copper-gold system at a time when metal prices reflect strong structural demand. The combination of an existing resource base, multiple untested targets, and supportive local stakeholders creates a clear path for value creation through the drill bit. <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>Jordan Nova 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=31690"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31690" width="0" height="0"> ( Companies Mentioned: SPMC:TSXV;SPMEF:OCTMKTS, ) Thu, 02 Jul 2026 00:00:00 PST First Majestic Silver Minting Strategy in Gold Silver Boom https://www.streetwisereports.com/article/2026/07/02/first-majestic-silver-minting-strategy-in-gold-silver-boom.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/first-majestic-silver-minting-strategy-in-gold-silver-boom.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> First Majestic Silver stands out with its in-house minting as gold and silver markets surge on central bank buying and industrial demand. Explore the opportunity for retail investors now.The gold and silver markets are presenting a compelling opportunity for retail investors as central bank purchases and industrial applications drive sustained interest. In this environment, companies that control more of the value chain from mine to finished product are positioned to capture additional margins while offering direct exposure to these trends. First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE) has built a distinctive approach by moving beyond traditional mining into its own minting operations, setting it apart from many peers in the silver sector. <h2 style="text-align: center;">Why First Majestic Silver Stands Out in Today's Market</h2> First Majestic Silver operates four silver mines and has developed an in-house minting capability that allows it to sell a meaningful portion of production directly to shareholders and bullion buyers. This model reduces reliance on third-party refiners and lets the company capture premiums on branded products. <h3 style="text-align: center;">Unique Business Model and Minting Advantage</h3> The company launched First Mint, LLC in Nevada in 2023, with bullion sales commencing in 2024. Initial limited-edition runs included <a href="https://www.firstmajestic.com/investors/news-releases/first-majestic-announces-commencement-of-bullion-sales-from-first-mint" target="_blank" rel="noopener">three products: 1,000 one-kilogram bars, 2,500 ten-ounce bars, and 5,000 five-ounce bars</a> before expanding to regular production of cast bars and one-ounce rounds. Today, the mint offers <a href="https://firstmint.com/" target="_blank" rel="noopener">1-oz rounds plus 5-oz, 10-oz, and kilo bars</a> and is designed to handle over 10% of current silver output. First Majestic produced a <a href="https://www.tipranks.com/news/company-announcements/first-majestic-silver-posts-record-2025-results-and-boosts-balance-sheet" target="_blank" rel="noopener">record 15.4 million ounces of silver in 2025</a>, and the minting business delivered <a href="https://www.firstmajestic.com/investors/news-releases/first-majestic-reports-q4-2025-and-full-year-2025-financial-results-announces-quarterly-dividend-payment" target="_blank" rel="noopener">record quarterly sales of US$22.7 million in Q4 2025, up from US$9.1 million in the same quarter of 2024</a>. This vertical integration gives investors exposure to both mining margins and retail bullion premiums. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>First Majestic Silver combines mining operations with in-house minting to capture additional value from its silver production.</li> <li>Strong institutional ownership and recent insider buying signal confidence in the company's strategy.</li> <li>Silver benefits from both investment demand and growing industrial uses in solar, electric vehicles, and data centers.</li> <li>Star Gold (mentioned below) offers a smaller, earlier-stage Nevada gold project with potential for its own commemorative coin program.</li> <li>Analyst price targets for First Majestic remain above current levels, supporting a constructive view on the stock.</li> <li>Retail investors can gain direct precious metals exposure through both operating producers and development-stage companies.</li> </ul> <h2 style="text-align: center;">Industry Timing and Analyst Perspectives</h2> Broader market conditions support continued interest in precious metals. <a href="https://www.jpmorgan.com/insights/global-research/commodities/gold-prices" target="_blank" rel="noopener">J.P. Morgan forecasts</a> gold demand pushing prices toward US$5,000/oz by year-end 2026. <a href="https://www.gold.org/goldhub/research/gold-demand-trends" target="_blank" rel="noopener">The World Gold Council reported</a> that Q1 gold demand rose modestly year-over-year to 1,231t while value surged to a record US$193bn. <a href="https://finance.yahoo.com/personal-finance/investing/article/gold-forecast-and-tracker-heres-where-prices-could-land-in-2026-130000950.html" target="_blank" rel="noopener">Yahoo Finance</a> noted gold's strong price performance between May 2025 and May 2026. On the silver side, <a href="https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/" target="_blank" rel="noopener">The Silver Institute wrote in a recent report</a> that silver prices set new highs in 2026 and breached the US$100 level for the first time. <a href="https://goldsilver.com/industry-news/article/silver-price-forecast-2026-2027-the-bull-case-and-bear-case-laid-out/" target="_blank" rel="noopener">GoldSilver's 2026=2027 outlook</a> highlighted that silver is no longer viewed as an overlooked metal. Analyst Heiko F. Ihle of H.C. Wainwright maintains a Buy rating on First Majestic with a price target of US$30.75. Newsletter writer Tavi Costa noted that First Majestic offers one of the highest levels of silver exposure among senior producers with a diversified portfolio of four operating mines. [OWNERSHIP_CHART-406] <h2 style="text-align: center;">Share Structure and Ownership Details</h2> First Majestic Silver Corp. carries a market capitalization of more than US$10 billion as of early June 2026. As of June 23, 2026, recent insider buying includes Keith Neumeyer, with 0.9% of the outstanding shares. 11.18% of First Majestic is owned by management and insiders, 54.58% is held by institutional investors, and the rest is held by retail. <h2 style="text-align: center;">Star Gold Development Opportunity</h2> A smaller exploration story that has drawn attention from industry figures is <a href="https://www.streetwisereports.com/pub/co/6021?utm_medium=feed" target="_blank" rel="noopener">Star Gold Corp. (SRGZ:OTCQB)</a>, which is advancing the Longstreet gold project in Nevada. [OWNERSHIP_CHART-6021] The company recently received exploration approval from the BLM and plans additional drilling, along with leach pad design work in 2026. Star Gold has a market cap of CA$25.69 million, with 191.7 million shares outstanding. 1Insiders and Management own 20.94% of shares, while Strategic Investors own 27.03%. The remaining 52.03% of shares are held by Retail. <h2 style="text-align: center;">Common Investor Questions</h2> Q: How does First Majestic's minting operation affect its revenue? A: The mint allows the company to sell a larger share of production directly to end buyers and capture retail premiums on branded bars and rounds. Q: What is the main driver behind current silver demand? A: Industrial uses in solar panels, electric vehicles, data centers, and electronics are growing rapidly, while byproduct supply remains constrained. Q: Does Star Gold plan to produce its own coins? A: The company has discussed minting a commemorative gold or silver coin for certain investors as part of its development plans. Q: What is the investment thesis for both companies? A: First Majestic offers scale and vertical integration in silver, while Star Gold provides earlier-stage exposure to a Nevada gold project with potential catalysts through 2027. The distinction between gold as a psychological store of value and silver as an industrially essential metal remains relevant for investors evaluating these opportunities. Companies that bridge mining and finished products may continue to attract attention as market conditions evolve. [SMNLINSERT]Important Disclosures:<ol> <li>Star Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Star Gold Corp. and First Majestic Silver Corp.</li> <li>Jordan Nova 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=31688"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31688" width="0" height="0"> ( Companies Mentioned: AG:TSX; AG:NYSE; FMV:FSE, SRGZ:OTCQB, ) Thu, 02 Jul 2026 00:00:00 PST A Fully Permitted Silver Mine Just Changed Hands. Here's What Comes Next https://www.streetwisereports.com/article/2026/07/02/a-fully-permitted-silver-mine-just-changed-hands-heres-what-comes-next.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/a-fully-permitted-silver-mine-just-changed-hands-heres-what-comes-next.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> Sierra Madre Gold and Silver Ltd. (TSX.V: SM; OTCQX: SMDRF) said the TSX Venture Exchange accepted documentation for its acquisition of the Del Toro silver mine in Mexico, with 30,000 meters of planned drilling following the deal.<a href="https://www.streetwisereports.com/pub/co/10135?utm_medium=feed" target="_blank" rel="noopener">Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX)</a> announced<a href="https://www.stockwatch.com/News/Item/Z-C!SM-3837589/C/SM" target="_blank" rel="noopener"> that the TSX Venture Exchange has accepted for filing documentation related to its non-arm's-length acquisition of all of the issued and outstanding shares of First Majestic Silver Corp. (AG:TSX; AG:NYSE; FMV:FSE), which holds a 100% interest in the Del Toro silver mine in Mexico.</a> The company and First Majestic Silver Corp. previously announced the closing of the acquisition on June 22, 2026. Under the share purchase agreement dated Dec. 17, 2025, Sierra Madre acquired the shares of the subsidiary holding the Del Toro mine. Under the terms of the agreement, Sierra Madre paid US$20 million in cash and issued 10.87 million common shares to First Majestic at a deemed price of CA$1.30 per share at closing. The agreement also includes additional payments of up to US$40 million tied to specified payment schedules and milestone conditions. Within 18 months of closing, Sierra Madre is required to pay First Majestic US$10 million in cash or, at its option, common shares, subject to the terms outlined in the agreement. Additional milestone payments of US$10 million each are required if, within 48 months of closing, the company files a National Instrument 43-101 technical report or issues a news release demonstrating mineral resources of at least 100 million ounces silver equivalent, and if, within 60 months of closing, commercial production at Del Toro reaches at least 4,000 tonnes per day for 30 consecutive days. Each payment may be made in cash or common shares, subject to the conditions described in the agreement. The common shares issued to First Majestic at closing are subject to a four-month-and-one-day hold period. First Majestic also agreed to contractual resale restrictions providing for four equal releases of the escrowed shares beginning Dec. 19, 2026, and continuing through June 19, 2028. Because First Majestic is an insider of Sierra Madre, the acquisition constituted a related party transaction under Multilateral Instrument 61-101. Sierra Madre stated it relied on an exemption from the formal valuation requirement, while minority shareholder approval was obtained at a special meeting held on April 28, 2026. <a href="https://www.stockwatch.com/News/Item/Z-C!SM-3837589/C/SM" target="_blank" rel="noopener">Concurrent with the acquisition</a>, Sierra Madre completed a brokered private placement of 44,231,300 subscription receipts at CA$1.30 each for aggregate gross proceeds of CA$57,500,690. Each subscription receipt converted into one common share immediately prior to closing. The company stated that net proceeds funded completion of the acquisition, with the remaining proceeds intended for exploration and development at Del Toro and for general working capital. <a href="https://sierramadregoldandsilver.com/read/auto-news-1782126016" target="_blank" rel="noopener">President and Chief Executive Officer Alex Langer said in a company news release,</a> "The acquisition of Del Toro marks an important step for Sierra Madre Gold and Silver as we advance towards mid-tier silver production. With existing production infrastructure in place, our focus now turns to near-term resource expansion drilling, with approximately 30,000 meters planned." <div class="qMYqUG_convSearchResultHighlightRoot"> <div class="" data-turn-id-container="request-WEB:e176d664-6560-4281-bf0f-448ae2ecac07-61" data-is-intersecting="true"> <section class="text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&:has([data-writing-block])>*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]" dir="auto" data-turn-id="request-WEB:e176d664-6560-4281-bf0f-448ae2ecac07-61" data-turn-id-container="request-WEB:e176d664-6560-4281-bf0f-448ae2ecac07-61" data-testid="conversation-turn-4" data-turn="assistant"> <div class="text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)"> <div class="[--thread-content-max-width:40rem] @w-lg/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn" data-conversation-screenshot-content=""> <div class="flex max-w-full flex-col gap-4 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="d2e68cb3-201a-4c65-893d-fdf8512ee793" data-message-model-slug="gpt-5-5" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling"> <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="yu9pjq" data-start="0" data-end="19">Metals Markets Navigate Shifting Sentiment</h2> In a June 23 market update, Chen Lin of the What's Chen Buying? What's Chen Selling? Newsletter said precious metals had come under pressure as "gold and silver were hit hard again as the dollar index is popping," adding that Wall Street firms were raising interest rate expectations while lowering their gold price targets. Lin said he had previously warned subscribers about weakness in the gold market, writing that "a good investor knows when to play offense and when to play defense." Despite the pullback in bullion prices, he noted that "juniors are actually doing fine. I have seen strong responses to good drilling results this month." <a href="https://nftrh.com/2026/06/26/precious-metals-risk-reward-now-in-line/" target="_blank" rel="noopener">NFTRH Premium wrote on June 26 that the risk and reward profile for precious metals had shifted following the sector's correction earlier this year</a>. He stated that "risk/reward is distinctly back with the precious metals vs. the stock market" as the Gold/SPX ratio tested a target range. He also wrote, "It paid handsomely to respect the poor precious metals risk/reward situation entering 2026," adding that "with the precious metals risk/reward picture back in line, I don't want to get caught forgetting the second thing." While noting that "the precious metals correction may not yet be over," he concluded that "risk/reward does not care about that. It is a whole different thing, and it is now positive." According to a June 27 market update from Couloir Capital, precious and base metals broadly declined during the week as easing geopolitical tensions reduced safe-haven demand while a stronger U.S. dollar and higher Treasury yields weighed on commodity prices. The report stated that gold prices fell 1.7% during the week because "a stronger U.S. dollar and expectations that the Federal Reserve will keep interest rates higher for longer pushed the U.S. dollar higher and lifted Treasury yields, reducing the appeal of non-yielding assets like gold." It also noted that silver declined 8.8%, with the selloff "exacerbated by silver's dual exposure as both a monetary and industrial metal," while weaker physical demand and adequate global inventories also weighed on prices. For base metals, the report said copper declined 1.8% as a stronger U.S. dollar and expectations for higher interest rates weighed on industrial commodities, but added that "supply-side concerns also continue to provide a floor for prices" in the zinc market despite price weakness. <a href="https://excelsiorprosperity.substack.com/p/metals-and-mining-stock-mashup-corrective?utm_source=post-email-title&publication_id=2151927&post_id=204077215&utm_campaign=email-post-title&isFreemail=true&r=4uo03n&triedRedirect=true&utm_medium=email" target="_blank" rel="noopener">In a June 29 edition of Metals and Mining Stock Mashup, Excelsior Prosperity's Shad Marquitz reviewed technical conditions across several commodity markets and mining equity indexes.</a> He wrote that gold remained below its 200-day exponential moving average, describing that position as "a bearish technical posture," while adding that "gold bulls will want to see pricing reclaim this price level in the days and weeks to come." Marquitz made a similar observation for silver, stating that its position below the 200-day exponential moving average also reflected "a bearish technical posture." Despite that backdrop, he wrote that "most of the downside damage in silver has been inflicted at this point" and said he expected "new buying will come into silver around US$54-US$55 again." Discussing mining equities, Marquitz observed that gold and silver stock indexes remained below key moving averages, while copper prices continued to trade above the 200-day exponential moving average, which he described as "keeping it in a bullish posture," even though copper mining shares had not reflected the strength seen in the underlying metal. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="k69wl4" data-start="0" data-end="74">Expansion Progress and Grade Improvements Highlighted in Research Note</h2> In a May 19 research note, VSA Capital analyst Oliver O'Donnell reviewed Sierra Madre Gold & Silver's first-quarter financial results and operational developments, writing that the company had delivered "strong Q1 2026 financials largely due to higher silver and gold prices." He noted that net revenue reached US$10.1 million, an increase of 22% quarter over quarter and 109% year over year. O'Donnell reported that adjusted EBITDA totaled US$2.8 million during the quarter, which he said represented "47% of the full year 2025 total." He added that higher mining costs were "significantly explained by a spend on the expansion (non-capitalized spend such as headcount) and additional contractors as well as inflationary pressure." The research note stated that the first phase of the company's expansion to 750 to 800 tonnes per day remained "on track to complete in Q2." O'Donnell also wrote that "Coloso and Nazareno are expected to contribute higher grades through the balance of 2026," describing this as "a significant contributor to the forecast earnings uplift." Addressing operations, O'Donnell wrote that development activities had affected recovery rates but stated, "Recovery rates are expected to improve as development advances into higher-grade in-resource areas at both mines." He also said, "Production over the balance of the year is expected to increase" as plant expansion progresses and higher grades and optimized recoveries are realized. On costs, O'Donnell said the company had incurred expenses related to workforce expansion, mine ramp-up activities, and contractor spending. He wrote that "the cost base for higher production is somewhat in place and we expect unit costs to fall through the year." VSA Capital maintained a BUY recommendation and revised its target price to CA$2.70 per share. O'Donnell wrote, "Quarterly EBITDA of US$2.8m and operating cashflow of US$3.5m is a significant achievement." He added, "With rising capacity, expected higher grades and a strong pricing outlook, we anticipate US$53m in EBITDA for 2026, highlighting the significant impact of the low-cost expansion and the company's gearing to pricing." He concluded, "We reiterate our BUY Recommendation and adjust our target." [OWNERSHIP_CHART-10135] </div> </div> </div> </div> </div> </div> </section> </div> </div> <h2 style="text-align: center;" data-section-id="1rffr7y" data-start="3116" data-end="3156">Del Toro Work Program and Milestones</h2> <a href="https://sierramadregoldandsilver.com/system/uploads/26-6_SM%20Corp%20Presentation.1.pdf" target="_blank" rel="noopener">According to the company's June 2026 corporate presentation,</a> Sierra Madre plans a 30,000-meter drill program at Del Toro following completion of the acquisition. The company stated the program is intended to support a new mineral resource report, with a US$12 million exploration budget planned over 24 to 30 months. The exploration program includes four geologists, 10 helpers, 30,000 meters of diamond drilling, approximately 20,400 assays, and a 20% contingency. The presentation states the company is targeting a new resource report within 18 months of the acquisition. The presentation also states that Del Toro includes three underground mines, a 3,000-tonne-per-day flotation processing circuit, permits, and identifies exploration targets including Mina Perseverancia, Cotorras Mine workings, Mina Esmeralda, and El Picacho. The company's acquisition timeline also outlines the milestone payments associated with the transaction, including the US$10 million payment due 18 months after closing, a US$10 million payment tied to a 100 million ounce silver equivalent resource milestone within four years, and a US$10 million payment linked to achieving commercial production of 4,000 tonnes per day for 30 consecutive days within 60 months of closing. <h2 style="text-align: center;">Ownership & Share Information1</h2> Sierra Madre Gold and Silver Ltd. has a market cap of CA$440.73 million, with 252.1 million shares outstanding. The company's 52-week range is CA$0.66-CA$3.25. Institutions own 41.44% of shares, while Strategic Investors (First Majestic) own 24.74%. Management & Founders own 19.21%, and the remaining shares are held by Retail. [SMNLINSERT]Important Disclosures:<ol> <li>Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sierra Madre Gold and Silver Ltd. and First Majestic Silver 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=31686"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31686" width="0" height="0"> ( Companies Mentioned: SM:TSX.V; SMDRF:OTCQX, ) Thu, 02 Jul 2026 00:00:00 PST A Gold Project Inches Closer to Production With Strategic Operations Appointment https://www.streetwisereports.com/article/2026/07/02/a-gold-project-inches-closer-to-production-with-strategic-operations-appointment.html Source: <a href="https://www.streetwisereports.com/article/2026/07/02/a-gold-project-inches-closer-to-production-with-strategic-operations-appointment.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) named Pierre-Marc Gagnon Operations Director as it advances construction and operational readiness at its Montauban Project.<a href="https://www.streetwisereports.com/pub/co/2969?utm_medium=feed" target="_blank" rel="noopener">ESGold Corp. (ESAU:CSE; ESAUF:OTCQB; Z7D:FSE)</a> has <a href="https://www.miningnewswire.com/esgold-corp-cse-esau-otcqb-esauf-ramps-up-operations-team-as-montauban-project-advances-toward-production/" target="_blank" rel="noopener">appointed Pierre-Marc Gagnon, P.Eng., as Operations Director for the Montauban Project as the company continues construction and operational readiness activities at the Quebec project</a>. According to the company, site preparation is progressing as scheduled, while operational support systems are being prepared and key processing equipment is being installed and integrated. In his new role, Gagnon will oversee and support site execution, operational readiness, contractor coordination, technical planning, and continued development at the Quebec facility. The company said the appointment strengthens the Montauban Project's execution team as it advances the infrastructure required to support progress toward future production. "Pierre-Marc brings practical Quebec-based operating experience at an important stage for ESGold," CEO Gordon Robb said in the company news release. "His recent hands-on experience at Eleonare, combined with his background in drilling, field coordination, technical planning, and mine operations, strengthens our execution team as we continue advancing Montauban." Gagnon brings operational and technical experience from previous roles involving pit and underground mining, drilling, exploration, and project development. His background includes positions with Dhilmar, Technologies & Services Oxx Inc., Agnico Eagle Mines Ltd. (TSX: AEM; NYSE: AEM), FTE Drilling, Newmont Corp. (NYSE: NEM; TSX: NGT), and G.E.T.T. Gold Inc. (GETT:TSXV;RCCMF:OTC), where he gained experience in drilling coordination, underground mine development, surveying, ground support systems, ventilation, drill-and-blast activities, material handling, technical consulting, management of multidisciplinary teams, and coordination of field operations. <a href="https://www.miningnewswire.com/esgold-corp-cse-esau-otcqb-esauf-ramps-up-operations-team-as-montauban-project-advances-toward-production/" target="_blank" rel="noopener">According to the company</a>, Gagnon gained experience in underground mine development and production while working at Dhilmar's Eleonare Mine. At G.E.T.T. Gold Inc., he contributed to work intended to enhance extraction efficiency and reduce dilution through more selective mining practices. Robb said Gagnon "adds real field experience and technical discipline" to ESGold's operations group. The appointment follows the addition of Jason Tong as chief financial officer several months earlier. At that time, Robb said the company was "assembling the operational and financial framework required to support ESGold's next phase of growth, including production, expansion of exploration activities, and continued engagement with the capital markets," adding that Tong's appointment represented "another important step in that process." <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="193vn37" data-start="0" data-end="72">Gold Prices Retreat as Analysts Point to Junior Mining Opportunities</h2> <a href="https://vongreyerz.gold/gold-matters-why-golds-correction-is-a-multi-year-opportunity?utm_campaign=163139794-2025%20-%20Newsletters&utm_medium=email&_hsenc=p2ANqtz-8Gqg16j3FiKqnFxT2IBa23Zw327LtIs6r7yBBZ02JElq9l3A7VpyGZEWFx58CE-1dtJgpfZtsopIBfOX78u-Fd3Pj0FV1KV5seeD6q7fb_mp2iQ9A&_hsmi=139421517&utm_content=139421517&utm_source=hs_email" target="_blank" rel="noopener">Writing on June 28, Matthew Piepenburg examined the factors behind gold's mid-year price decline while discussing what he described as the metal's longer-term direction</a>. He wrote that rising Treasury yields, a stronger U.S. dollar narrative, retail exchange-traded fund selling, and sovereign sales during the Iran conflict had all contributed to pressure on gold prices. Piepenburg said "the real indicator at play today" was the U.S. Treasury market rather than the dollar, adding that central banks had been "buying discounted gold at record levels as retail buyers are deliberately shaken out of the trade and missing an historical buying signal." He also stated that "seeing (and preparing for) its secular direction, North is not." In the June 30 edition of the What's Chen Buying? What's Chen Selling? newsletter, Chen Lin wrote that gold had "shown a good bounce from below US$4,000 last week." He added, "I am encouraged by this and plan to watch closely during the summer months." Lin also said, "Juniors, however, there are a lot of interesting opportunities that are worth buying." <a href="https://www.reuters.com/world/india/gold-slips-fading-us-iran-peace-prospects-reinforce-fed-rate-hike-bets-2026-07-01/" target="_blank" rel="noopener">Reuters reported on July 1 that gold prices declined after reaching a seven-month low in the previous session as higher Treasury yields weighed on the metal</a>. According to the news service, gold recorded "its largest quarterly drop since 2013" during the second quarter of 2026 and fell for a fourth consecutive month in June. Ilya Spivak, head of global macro at Tastylive, told Reuters, "It looks like the pressure from higher yields is what's getting gold lower. The U.S. dollar is also a touch higher at the same time, which kind of confirms what's going on." Reuters also reported that investors were awaiting U.S. employment data and that market participants were pricing in approximately a 67% probability of a September interest rate increase, according to the CME FedWatch Tool. <h2 class="PDq2pG_selectionAnchorContainer" style="text-align: center;" data-section-id="ssuxac" data-start="0" data-end="76">Analyst Coverage Highlights Near-Term Production and Exploration Pipeline</h2> <a href="https://www.streetwisereports.com/article/2026/06/17/quebec-gold-silver-developer-receives-dor-melting-furnace-as-montauban-nears-first-production.html?utm_medium=feed" target="_blank" rel="noopener">In a June 11 research report, Atrium Research analysts Riley Venton, P.Eng., and Ben Pirie reiterated a BUY rating and CA$1.30 price target on ESGold Corp. following the delivery of a tilting-type doré melting furnace to the Montauban Project. </a>The analysts wrote that the delivery represented "another step in commissioning preparation as the project advances toward first production later this year." They described the investment thesis as combining near-term production with longer-term exploration, stating that cash flow from tailings production would allow the company to "accelerate and self-fund exploration, where we see significant value to be unlocked." The report identified first production in the second half of 2026, the commencement of drilling pending permits, and cash flow generation in 2027 as upcoming catalysts. <a href="https://www.streetwisereports.com/article/2026/06/22/quebec-tailings-reprocessor-nears-first-gold-pour-as-deep-drilling-catalyst-looms.html?utm_medium=feed" target="_blank" rel="noopener">On June 22, Alina Islam of Red Cloud Securities initiated coverage of ESGold with a BUY rating and a CA$0.90 price target</a>. Islam wrote that the company was "months from first production" at its fully permitted, funded, and under-construction Montauban gold-silver tailings reprocessing project and described ESGold as "a rare junior offering both near-term producer cash flow and explorer-style discovery potential." The report stated that Red Cloud viewed the company's liquidity as sufficient "to fund the project to first pour without additional equity financings." It also highlighted the exploration opportunity associated with the 2025 Ambient Noise Tomography survey, noting that the mineralized corridor was "essentially undrilled below ~200m." According to the report, Red Cloud characterized the exploration opportunity by stating that "a successful result could add significant value to the story, while a negative result leaves the tailings and crown pillar economics entirely intact." The report identified step-out drilling in the third quarter of 2026, the first gold pour in the fourth quarter of 2026, the conversion of the crown pillar resource to NI 43-101 compliance in 2027, and a mica offtake agreement as ongoing catalysts. <h2 style="text-align: center;" data-section-id="16dwbxx" data-start="2631" data-end="2678">Operational Milestones Continue at Montauban</h2> <a href="https://esgold.com/wp-content/uploads/2026/05/ES_Gold_May12.pdf" target="_blank" rel="noopener">According to the company's most recent presentation</a>, the Montauban Project is a fully permitted and fully funded tailings reprocessing project designed to produce gold, silver, and mica from historic mine waste. The project is targeting operations in 2026, with the mill building completed for a 1,000 ton-per-day processing capacity. Construction activities have continued to advance, with the company reporting that the 20,000-square-foot processing facility and laboratory are in place. The project has 1.3 kilometers of service hydropower, all-weather road access, and permits for construction and operation. The presentation also states that the project is advancing toward commissioning. [OWNERSHIP_CHART-2969] The company reported that more than US$15 million has been invested in developing Montauban. Work completed includes securing all major permits, installing most plant and infrastructure, completing resource verification and metallurgical testing, completing an integrated 3D geological model identifying a deep expanding mineralized corridor, expanding the land package following modeling results, and advancing the project into commissioning. The presentation also outlines exploration activities alongside production development. ESGold said its integrated 3D geological model identified a mineralized corridor extending to approximately 900 meters in depth and more than two kilometers along strike, with mineralized trends extending to the edge of the current model coverage. The company plans to expand its Ambient Noise Tomography survey over approximately 70 square kilometers, integrate the results into drill targeting, and conduct step-out diamond drilling, subject to permitting and logistics. The company has expanded its land position to 485 claims covering approximately 24,414 hectares, or 244 square kilometers. The presentation describes a parallel-phase strategy in which Phase 1 focuses on bringing the Montauban tailings into production, while Phase 2 consists of a district-scale exploration program guided by the integrated 3D ANT model and the expanded land position, including anticipated step-out drilling. <h2 style="text-align: center;">Ownership & Share Information1</h2> ESGold Corp. has a market cap of CA$69 million, with 91.44 million shares outstanding. The company's 52-week range is CA$0.19-CA$1.44. Institutions own 5% of shares, while Management & Insiders own 60%. The remaining 35% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>ESGold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li>As of the date of this article, officers 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 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=31685"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31685" width="0" height="0"> ( Companies Mentioned: ESAU:CSE;ESAUF:OTCQB; Z7D:FSE, ) Thu, 02 Jul 2026 00:00:00 PST Allied Critical Metals Advances to TSX-V Amid Tungsten Boom https://www.streetwisereports.com/article/2026/07/01/allied-critical-metals-advances-to-tsx-v-amid-tungsten-boom.html Source: <a href="https://www.streetwisereports.com/article/2026/07/01/allied-critical-metals-advances-to-tsx-v-amid-tungsten-boom.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> Allied Critical Metals gains conditional TSX-V approval, positioning investors for exposure to surging tungsten demand and European supply security via its Borralha and Vila Verde projects.<a href="https://www.streetwisereports.com/pub/co/11251?utm_medium=feed" target="_blank" rel="noopener">Allied Critical Metals Inc. (ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE)</a> has secured conditional approval to list on the TSX Venture Exchange as a Tier 1 Mining Issuer under the symbol ACM. This move comes at a time when global tungsten markets face significant supply constraints and rising demand from defense and industrial sectors. <h2 style="text-align: center;">Current Tungsten Market Opportunity for Investors</h2> <a href="https://www.marketplace.org/story/2026/05/21/why-is-tungsten-so-expensive-for-us-manufacturers" target="_blank" rel="noopener">A May 21 report from Marketplace said tungsten had become increasingly important across manufacturing industries</a>, particularly for applications requiring high heat resistance. The report noted that China controlled roughly 80% of the world's tungsten supply and that trade tensions between the United States and China had contributed to sharp price increases. According to CRU Group, tungsten prices had risen 300% over the previous year. Tungsten is a dense metal valued for its extreme melting point, making it essential in tools, electronics, and military hardware where reliability under stress is critical. <a href="https://www.fastmarkets.com/insights/tungsten-markets-fragmenting-as-domestic-chinese-apt-market-diverges-from-exports/" target="_blank" rel="noopener">A June 29 report from Fastmarkets said the tungsten market had become "less globalized and more fragmented"</a> as domestic Chinese prices diverged from export markets following export controls. The publication reported that domestic Chinese ammonium paratungstate prices had begun to decouple from export prices because restricted access to supply had weakened the traditional relationship between the two markets. <a href="https://www.bloomberg.com/graphics/2026-opinion-australia-tungsten-mine-us-war-defense-china/" target="_blank" rel="noopener">Writing on June 30, Bloomberg Opinion described tungsten as "a preternaturally tough metal used to harden bullets, shells, and armor plating" and said it had become part of a broader effort by governments to secure supplies of critical minerals</a>. The publication stated that prices had increased nearly eightfold since the start of 2025 and that tungsten had drawn increased attention as countries focused on supply chain security. <h2 style="text-align: center;">Why Allied Critical Metals Stands Out Now</h2> <a href="https://www.stockwatch.com/News/Item/Z-C!ACM-3837457/C/ACM" target="_blank" rel="noopener">The TSX Venture Exchange has conditionally accepted the company's application to list its common shares as a Tier 1 Mining Issuer under the symbol "ACM."</a> Final approval remains subject to the company satisfying customary listing conditions and the receipt by the TSX Venture Exchange of all required documentation. The company stated there can be no assurance that final approval will be obtained or that the listing will be completed as proposed or at all. <a href="https://www.stockwatch.com/News/Item/Z-C!ACM-3837457/C/ACM" target="_blank" rel="noopener">Chief Executive Officer Roy Bonnell said in a company news release,</a> "We are pleased to have received conditional approval from the TSX-V. We believe that a TSX-V listing will provide us with improved access to capital markets as we focus on generating shareholder value by unlocking the potential of the Borralha Tungsten Project and Vila Verde Tungsten Project. We look forward to enhancing our capital markets profile by increasing our investor relations efforts and achieving our strategic objectives." In connection with the proposed listing, Allied intends to voluntarily delist its shares from the Canadian Securities Exchange, subject to applicable CSE requirements. The delisting is expected to become effective once trading of the company's shares begins on the TSX Venture Exchange. <h2 style="text-align: center;">Unique Advantages of Allied's Tungsten Assets</h2> The Borralha Tungsten Project and Vila Verde Tungsten-Tin Project give Allied exposure to tungsten assets located in Europe, a region actively seeking to reduce reliance on Chinese supply. Both projects benefit from existing infrastructure and permitting progress that can accelerate development timelines compared to greenfield sites. <h2 style="text-align: center;">Key Assets and Development Catalysts</h2> <a href="https://alliedcritical.com/PDF/ACM-Presentation.pdf" target="_blank" rel="noopener">The company presentation states that the Borralha Tungsten Project holds a Mining Rights Concession License and an updated mineral resource estimate effective Nov. 19, 2025</a>, including a measured and indicated resource of 13.0 million tonnes grading 0.21% WO3 and an inferred resource of 7.7 million tonnes grading 0.18% WO3. The project also has historical production from 1904 to 1985 of wolframite concentrate at an average grade of 66%. A fully funded 20,000-meter drill program is underway to expand resources and potentially extend mine life beyond the initial 11-year plan outlined in the March 2026 preliminary economic assessment. Environmental approvals received in January 2026 position Borralha to advance through Portugal's licensing process. At Vila Verde, conversion of the exploration license to an experimental mining license enables initial production of up to 150,000 tonnes per annum. A pilot plant with 150,000 tonnes per year capacity is slated to begin construction and operations in 2026 at an estimated capital cost of US$7.9 million, with expansion potential to 300,000 tonnes per annum. An off-take agreement covers 50% of pilot plant production at a 2026 floor price of US$1,000 per mtu, and a letter of intent exists with Global Tungsten & Powders. <h2 style="text-align: center;">Industry Timing and Economic Perspective</h2> According to comments Thibaut Lepouttre of Caesar's Report made to Streetwise Reports, the Borralha project had previously generated limited interest while tungsten prices remained between US$3,000 and US$3,200 per mtu. He said stronger tungsten prices and renewed attention on the sector had improved the project's economic outlook. Lepouttre said the project's base case used a tungsten price assumption of US$1,000 per mtu, producing an after-tax net present value, discounted at 8%, of CA$475 million. At US$1,500 per mtu, he said the after-tax net present value could approach CA$1 billion. He also identified Borralha as a European project positioned to support domestic tungsten production. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Conditional TSX-V listing improves access to capital for project advancement.</li> <li>Tungsten prices have risen sharply due to Chinese export controls and defense demand.</li> <li>Borralha offers a large resource base with drilling underway for expansion.</li> <li>Vila Verde pilot plant targets initial production in 2026 with secured off-take.</li> <li>European location aligns with government efforts to secure critical minerals.</li> <li>Base-case economics improve substantially at current higher tungsten prices.</li> </ul> [OWNERSHIP_CHART-11251] <h2 style="text-align: center;">Share Structure and Ownership Details</h2> Allied Critical Metals Inc. has a market cap of CA$331.23 million, with 170.41 million shares outstanding. The company's 52-week range is CA$0.20-CA$2.46. 1Management & Insiders own 31% of shares, while Institutions own 16%. The remaining 53% of shares are held by Retail. <h2 style="text-align: center;">Common Questions from Investors</h2> Q: What is the status of the TSX-V listing? A: Conditional approval has been received; final approval depends on satisfying standard conditions and documentation. Q: How do higher tungsten prices affect project value? A: According to Thibaut Lepouttre, the base-case net present value rises from CA$475 million at US$1,000 per mtu to nearly CA$1 billion at US$1,500 per mtu. Q: When could Vila Verde production begin? A: Pilot plant construction and operations are targeted for 2026 at an initial 150,000 tonnes per annum capacity. Q: Are there any off-take agreements in place? A: Yes, 50% of Vila Verde pilot production is covered by an off-take at a US$1,000 per mtu floor price for 2026. Investors should monitor final listing approval, drill results, and permitting updates as Allied works to advance both projects amid favorable tungsten market dynamics. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Allied Critical Minerals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Allied Critical Minerals Inc.</li> <li>Jordan Nova 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=31681"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31681" width="0" height="0"> ( Companies Mentioned: ACM:CSE; ACMIF:OTCQB; 0VJ0:FSE, ) Thu, 02 Jul 2026 00:00:00 PST Audit Confirms Tokenization Pioneer's Gold Reserves Are Fully Backed https://www.streetwisereports.com/article/2026/07/01/audit-confirms-tokenization-pioneers-gold-reserves-are-fully-backed.html Source: <a href="https://www.streetwisereports.com/article/2026/07/01/audit-confirms-tokenization-pioneers-gold-reserves-are-fully-backed.html?utm_medium=feed">Streetwise Reports 07/06/2026</a> Streamex Corp. (STEX:NASDAQ) says a nationally recognized independent accounting firm has completed the first independent examination of the gold reserves backing GLDY. Find out how one expert says the product could change your portfolio.Commodity market tokenization pioneer Streamex Corp. (STEX:NASDAQ) announced that EisnerAmper LLP, a nationally recognized independent accounting firm, has completed the first independent examination of the gold reserves backing GLDY, Streamex's gold-backed, yield-bearing tokenized security, <a href="https://ir.streamex.com/press-releases/detail/428/streamex-corp-announces-first-independent-reserve" target="_blank" rel="noopener">according to a July 1 release</a>. This examination, a significant milestone in enhancing investor confidence, assessed the gold reserves as of March 31 and confirmed that the reserves are sufficient to cover 100% of all outstanding GLDY tokens, the release said. This attestation provides the rigorous third-party verification that institutional investors require. This initial attestation is part of a broader commitment by Streamex to conduct such examinations monthly, ensuring ongoing transparency and trust in the GLDY tokens. Each examination is performed in accordance with the attestation standards established by the American Institute of Certified Public Accountants (AICPA). According to Streamex, the process involves evaluating management's assertion that the total redemption assets held in fine troy ounces of gold are equal to or exceed the total GLDY redeemable tokens outstanding. The reserve includes gold held in approved vaults and gold deployed under the company's leasing program with Monetary Metals, where Streamex retains title to the gold throughout the lease term. The results of the first examination revealed a slight surplus in the reserve, with total redemption assets measuring 3,064.915910 fine troy ounces of gold against 3,064.674268 GLDY redeemable tokens outstanding, ensuring asset-backing coverage of over 100%, the release said. EisnerAmper issued an unmodified opinion on the examination, affirming the accuracy of management's assertions. "Independent verification is foundational to institutional trust," Streamex Co-Founder and Chief Executive Officer Henry McPhie said. "Completing our first third-party reserve attestation for GLDY demonstrates that the gold backing every token is real, accounted for, and verifiable. Investors increasingly expect on-chain transparency to be matched by rigorous, independent assurance from a recognized accounting firm, and that is exactly what this milestone delivers. We look forward to providing these attestations on an ongoing monthly basis as GLDY continues to scale." <h2 style="text-align: center;">Siebert Financial Partnership</h2> <a href="https://www.streetwisereports.com/article/2026/06/29/fintech-pioneer-unlocks-gold-backed-yield-token-for-institutional-reach.html?utm_medium=feed">Last month, Streamex announced a groundbreaking partnership</a> with Siebert Financial Corp. and tZERO Group Inc. This collaboration will enable the offering of Streamex's gold-backed, yield-bearing tokenized security, GLDY, through Siebert's extensive wealth management and institutional channels. Announced on June 29, this initiative represents a significant step in integrating traditional financial systems with blockchain technology, as a FINRA-member broker-dealer will now offer a blockchain-native tokenized security within its standard operational framework. The security will be custodied on a regulated digital securities platform. Under the terms of the partnership, Siebert's brokers and institutional sales force will introduce GLDY to their existing clients as part of standard investment discussions, thus bypassing the need for any cryptocurrency-specific procedures or technical complexities. Clients will be able to purchase GLDY in the same manner as any traditional financial instrument and can opt to have their GLDY custodied with tZERO, ensuring a regulated, high-grade custodial experience. "By partnering with two best-in-class institutions in Siebert and tZERO, both of whom share our conviction that regulated tokenized securities are the next chapter of capital markets, GLDY can now reach investors through channels they already know and trust," McPhie said at the time. For investors, GLDY presents an opportunity to invest in a gold-backed asset that offers up to a 3.5% annual yield in additional gold through gold leasing. With the enhanced accessibility provided through Siebert's network, a broader range of accredited and institutional investors can now invest in GLDY. Those interested in GLDY but without a Siebert account can begin the process by contacting Siebert to open an account and speak with a licensed representative. Siebert Financial, through its broker-dealer subsidiary Muriel Siebert & Co., LLC, manages approximately $20 billion in assets and serves a diverse clientele across the U.S. Meanwhile, tZERO and its subsidiaries provide an innovative liquidity platform for private companies and assets, enhancing access to private assets through a simple, automated trading system. <h2 style="text-align: center;">Simple as Speaking With a Broker</h2> <a href="https://en.cryptonomist.ch/2026/06/29/tokenized-gold-backed-security-gldy/" target="_blank" rel="noopener">A recent report by The Cryptonomist noted</a> that engaging in digital gold investment has become as simple as having "a conversation with a broker." This development marks a shift from the days when the concept of purchasing a tokenized gold-backed security through a standard brokerage account was merely a topic of discussion at conferences. Streamex Corp. has actualized this concept by making its GLDY token — a gold-backed, yield-bearing tokenized security — available through Siebert Financial Corp., a FINRA-registered broker-dealer that manages approximately US$20 billion in assets. Notably, this arrangement eliminates the need for a crypto wallet or any blockchain onboarding, streamlining the process for investors. The report emphasizes that the key transformation brought about by this partnership is in the distribution method. By collaborating with Siebert Financial, GLDY is introduced into a highly familiar setting within the American retail investing landscape—a licensed brokerage account. This integration allows Siebert's brokers to offer GLDY to their existing wealth management and institutional clients during standard investment reviews, positioning it alongside traditional investment options like equities, fixed income, and alternative assets. This seamless approach is poised to broaden the appeal and accessibility of investing in tokenized gold. <h2 style="text-align: center;">Expert: Changing 'How Gold Functions' in Your Portfolio</h2> 1<a href="https://www.streetwisereports.com/article/2026/02/11/a-tokenized-gold-platform-at-an-inflection-point.html?utm_medium=feed" target="_blank" rel="noopener">In a detailed analysis conducted on February 11</a>, John Newell of John Newell & Associates explored the challenges that institutional investors face with traditional gold investments, such as the lack of yield, the costs associated with storing and insuring physical bullion, and the management fees associated with gold ETFs. These issues are becoming more pronounced in a financial environment marked by rising sovereign debt, persistent inflation, and falling real yields. Newell highlighted the innovative approach of GLDY, a token that provides direct exposure to physical gold along with an annualized yield paid in gold rather than fiat currency. Each GLDY token represents a non-voting share in a special purpose vehicle that holds allocated physical gold, typically at a one-to-one ratio with troy ounces. The gold is leased to commercial entities through established Monetary Metals programs, and the yield generated is distributed back to token holders in the form of additional GLDY tokens. This model transforms the traditional passive gold investment into a more dynamic financial asset. Newell emphasized the economic benefits of this model, stating, "GLDY allows investors to maintain exposure to gold prices while earning a targeted yield of approximately 4%, without the storage, security, or carry costs associated with bullion, and without the management expense drag of ETFs." He noted the stark contrast to major gold ETFs, which typically charge annual fees of about 0.40% and offer no yield. GLDY is designed specifically for accredited and institutional investors and complies with Know Your Customer (KYC) regulations. It is structured as a regulated security, differentiating it from retail stablecoins and aligning it with the evolving U.S. regulatory frameworks on the tokenization of real-world assets. This focus on compliance is essential for institutions that prioritize transparency, compliance, and audited reserves before committing capital. While the adoption of GLDY is still in its early stages and its availability is limited, Newell pointed out that these factors highlight the significant investment potential of the token. As institutions increasingly look for yield-bearing alternatives to non-yielding bullion in a challenging global economic environment, GLDY offers a novel method of investing in gold that addresses longstanding structural issues in the market. Newell concluded his review by asserting, "In that context, Streamex is not merely tokenizing gold. It is changing how gold functions within an institutional portfolio." This statement underscores the transformative potential of GLDY in reshaping gold investment for institutional players. <h2 style="text-align: center;">The Catalyst: Digital Gold Growing Faster Than Physical Gold?</h2> The rapid expansion of tokenized gold within the digital assets market was highlighted <a href="https://www.kitco.com/news/article/2026-04-27/tokenized-gold-poised-further-growth-world-gold-council-pushes-market" target="_blank" rel="noopener">in an April 27 article by Neils Christensen for Kitco News</a>. Kurt Hemecker, CEO of Gold Token SA, a subsidiary of MKS PAMP that specializes in tokenization, discussed the promising growth prospects of this sector. During his conversation with Kitco News, Hemecker explained that the vigorous expansion of the tokenized gold market is not due to an increase in demand for gold per se, but rather due to structural inefficiencies that have restricted the growth of tokenized offerings. "I don't think gold in general… has a demand problem," he commented. "It's more about market structure." Recent statistics show that blockchain-based gold tokens have grown 2.6 times faster than physical gold, with the market capitalization for tokenized gold surpassing US$5 billion in the first quarter of the year. Despite these significant growth figures, Hemecker pointed out several ongoing challenges that are constraining the sector's full potential. He noted that the tokenized gold market is highly fragmented, with a variety of custody models, legal frameworks, and redemption terms across different products, which has created substantial barriers that undermine trust and liquidity, thereby preventing digital gold from being recognized as a unified asset class. Hemecker further highlighted that not all digital gold products are equally valuable or reliable. Since the relaunch of MKS's Gold Token in November, there has been a robust demand for digitized real-world assets, with gold being the preferred choice among these. He also mentioned that recent market volatility has not affected the strong interest in digital gold. "In general, we're still feeling a pretty bullish attitude from institutions, as they're diving into this market," he stated, reflecting ongoing confidence in the sector despite external economic fluctuations. Gold prices saw a modest uptick on Wednesday, recovering from earlier losses, following a challenging quarter that marked the metal's poorest performance in 13 years, <a href="https://www.cnbc.com/2026/07/01/gold-prices-fall-worst-quarter-interest-rates-bullion-precious-metals.html" target="_blank" rel="noopener">Hugh Leask reported for CNBC on July 1</a>. After a sluggish start to the second half of 2026, gold prices experienced a slight rally in the early afternoon. Futures for gold were marginally above break-even, priced at US$4,041.30, while spot prices rose by 0.49% to US$4,025.89. The precious metal had reached a record high of US$5,586.20 on January 29 but has faced a significant downturn since, as investor sentiment shifted negatively amidst expectations of rising interest rates. This shift has notably impacted gold, traditionally seen as a non-yielding asset, leading to a 16% decline in its value over the quarter ending June 30 — the steepest quarterly drop since the second quarter of 2013. Overall, gold has decreased by 7.76% since the start of the year.[OWNERSHIP_CHART-7701] Despite a lackluster performance in the past four months, the outlook for gold remains positive, according to Goldman Sachs, <a href="https://finance.yahoo.com/markets/article/gold-is-not-done-goldman-sachs-predicts-a-rise-to-4900-142931918.html" target="_blank" rel="noopener">Ines Ferré reported for Yahoo! Business on June 29</a>. Samantha Dart, co-head of global commodities research at Goldman Sachs, emphasized in a recent note that the rally for this precious metal is far from over. "Gold is not done," Dart stated, according to the report, highlighting that since 2022, gold has seen a substantial increase of 123%. Dart and her team believe that the future still holds significant potential for gold, driven by a mix of structural and cyclical factors. From a structural perspective, Dart pointed to the diversification actions of emerging market central banks as a key support for gold's value. This trend was notably influenced by the 2022 freezing of Russia's reserves, which has underscored the importance of diversification. "Structurally, EM central bank diversification — following the 2022 freezing of Russia's reserves — remains the anchor of our US$4,900/oz end 2026 forecast," she said. Additionally, a recent survey by the World Gold Council found that a record 45% of the 76 central banks surveyed between February and May anticipate increasing their gold reserves in the next 12 months, further supporting this view. <h2 style="text-align: center;">Ownership and Share Structure2</h2> About 24% of the company is owned by insiders and management, and about 26% is owned by institutions. The rest is retail. Its market cap is US$154.59 million with 181.81 million shares outstanding. It trades in a 52-week range of US$0.70 and US$14.11. <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 Streamex Corp. </li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the John Newell article published on February 11, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 11, 2026), Streamex has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</li> <li>Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> John Newell Disclaimer As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance. 2. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31680"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31680" width="0" height="0"> ( Companies Mentioned: STEX:NASDAQ, ) Mon, 06 Jul 2026 00:00:00 PST Gold Rally Starts as Chile Project With 100% Earn-In Option Gets US Market Listing https://www.streetwisereports.com/article/2026/07/01/gold-rally-starts-as-chile-project-with-100-earn-in-option-gets-us-market-listing.html Source: <a href="https://www.streetwisereports.com/article/2026/07/01/gold-rally-starts-as-chile-project-with-100-earn-in-option-gets-us-market-listing.html?utm_medium=feed">Stewart Thomson 07/06/2026</a> Technical Analyst Stewart Thomson takes a look at Gelum Resources Ltd. (GMR:TSX; GMRCF:OTCQB) after it recently signed an option agreement to earn a 100% interest in a gold project.Gelum Resources Ltd. (GMR:TSX; GMRCF:OTCQB) is a Canadian company focused on prospective gold projects in favorable jurisdictions in North and South America. The company's flagship is the Las Tinajas gold project, covering 2,600 hectares in the north end of the Maricunga gold belt, Chile, a renowned gold-copper porphyry district. It's a system that may have bulk-tonnage, open-pit potential. The company recently signed an option agreement to earn a 100% interest in the project and has completed due diligence over the last 60 days. A reinvigorated listing on the U.S. market has also been completed. <h2 style="text-align: center;">Project Summary and Highlights</h2> Gelum Resources Ltd. targets a large epithermal gold deposit in northern Chile's Maricunga Belt, a major gold-copper porphyry district. Mineralization is linked to porphyry intrusions and diatreme breccias. Since 1986, 64 drillholes (10,990m) have been completed; 16 holes (2,831m) were drilled in 2024–2025. Multiple historical holes report >1 g/t gold, with several ending in mineralization. Only a small fraction of the claim block is drilled, indicating strong potential to expand known diatreme-associated mineralized zones. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685252_Picture1.jpg" alt="" width="1000" height="654" /> <h2 style="text-align: center;">Location</h2> Las Tinajas is located 120 km northeast of Copiapó, in the Atacama Region of northern Chile, at the north end of the Maricunga Gold Belt. <a href="https://www.andeangeology.cl/index.php/revista1/article/view/V48n1-3294/html)" target="_blank" rel="noopener">The Maricunga Belt is the largest gold belt in Chile</a>, extending for 200 km with both porphyry and high-sulphidation types, with a potential total of 103 million ounces. The 2,600 Ha claim block lies between 3,600-4,000 meters above sea level and is accessed via a Codelco-maintained mining road. The property is completely surrounded by the Nuevo Cobre Project: a joint venture between mining giants Codelco and Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE; RTNTF:OTCMKTS), who are exploring for porphyry copper-gold deposits beneath the epithermal gold deposits in the area. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685312_Picture2.jpg" alt="" width="624" height="767" /> <h2 style="text-align: center;">Historical Drill Results</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685340_Picture3.png" alt="" width="751" height="654" /> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685353_Picture4.png" alt="" width="780" height="660" /> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685402_Picture5.png" alt="" width="776" height="534" /> Readers are cautioned that descriptions of historical drilling results reported here should be viewed primarily as guidance for exploration drilling. The qualified person for this release has not done sufficient work to independently verify the historical sampling results described above. <h2 style="text-align: center;">Phase 1: Initial Reconnaissance and Sampling</h2> Gelum completed reconnaissance mapping and rock geochemical sampling at the Project in May, confirming Las Tinajas as potentially a large system with bulk-tonnage, open-pit potential for gold and possibly also copper. In April 2026, a Gelum crew spent seven days on site auditing drill hole collars, reviewing select drill core, and collecting rock geochemical samples across the claims. <h2 style="text-align: center;">Phase 2: MT and VIP Surveys</h2> At the end of June, Gelum Resources Ltd. retained Southern Rock Geophysics to conduct MT and VIP surveys at Las Tinajas starting mid-July. The scope includes data acquisition, processing, modeling, and reporting to map resistivity down to 3,000m (MT) and 800m (VIP). Phase 1: Covers the full area on a 500m grid, targeting regional porphyry copper-gold systems. Phase 2: A tentative 10-line-km detailed PDIP/EMAP survey (using 100m or 200m dipoles) targets extensions to the known gold-mineralized diatreme breccia. Contractor Selection: Southern Rock was chosen for its 30+ years of experience, 200+ completed VIP/MT surveys, local Chilean expertise, and use of high-resolution 32-bit gDAS32 technology. <h2 style="text-align: center;">Upcoming Work: Drilling & Resource Estimation</h2> Subsequent drilling aims to complete a maiden NI 43-101 resource estimation, targeting 2–3 million ounces of gold (Measured and Indicated) or an underlying porphyry copper system. Priority drill targets include northwest and northeast extensions of the silicic, sulphide-bearing diatreme breccias, with blind horizontal mineralization in sedimentary hosts as a secondary focus. Preliminary metallurgical testing will occur concurrently to establish recovery parameters. <h2 style="text-align: center;">US Market Listing</h2> Early May this year, Gelum Resources Ltd.'s common shares were reapproved and admitted for trading on the OTCQB Venture Market under the symbol GMRCF. The company believes that trading on the OTCQB will provide additional liquidity and increase its visibility within the U.S. capital markets. <h2 style="text-align: center;">Shares Outstanding</h2> <ul> <li>Approximately 33.6 million shares.</li> </ul> <h2 style="text-align: center;">Ownership Breakdown</h2> <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685426_Picture6.png" alt="" width="780" height="175" /> <figcaption>Source: simplywall.st</figcaption> </figure> <h2 style="text-align: center;">Top Shareholders</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202677113717_jul626gmrtop.png" alt="" width="1000" height="567" /> <h2 style="text-align: center;">Insider Buying and Selling</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202677113747_jul626gmrinside.png" alt="" width="1000" height="263" /> <h2 style="text-align: center;">Investor Risks</h2> <ul> <li>Exploration Risk: Historical data requires validation; drilling may not intersect expected high-grade extensions or the deeper porphyry system. </li> <li>Regulatory & Environmental: High-altitude operations in the Maricunga Belt face strict permitting hurdles and potential water-use conflicts with local communities. </li> <li>Financial: As a pre-resource explorer, the company relies on equity financing, exposing shareholders to dilution and capital market volatility.</li> <li>Technical: Extensive post-mineral volcanic cover (40% of claims) obscures targets, increasing geophysical interpretation uncertainty.</li> <li>Before taking any action on any investment, investors should consult with properly licensed, experienced, and qualified investment advisors and get numerous opinions. Failure to do so increases risk.</li> </ul> <h2 style="text-align: center;">Corporate Presentation Summer 2026</h2> You can view the investor presentation <a href="https://gelumresources.com/investors/presentations/" target="_blank" rel="noopener">here</a>. You can also see key news releases <a href="https://www.stockwatch.com/Quote/Detail?C:GMR" target="_blank" rel="noopener">here</a>. <h2 style="text-align: center;">Technical Observations & Analysis</h2> Figure 1: Gold Price & Oscillator Chart <figure class="image"><img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685528_Picture9.png" alt="" width="624" height="515" /> <figcaption>Caption</figcaption> </figure> Analysis: <ul> <li>After a classic 3-wave consolidation, gold appears set to launch a major rally from the round number US$4,000 and US$3,900 support zone.</li> <li>The RSI momentum oscillator has already turned up.</li> <li>Stochastics (14,7,7 series) is oversold for both price and time; bullish.</li> <li>Gelum is a gold exploration company and should benefit from such a significant move for gold.</li> </ul> Figure 2: Gelum Price, Volume, and Oscillator Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685550_Picture10.png" alt="" width="624" height="662" /> Analysis: <ul> <li>Gelum appears poised to burst out of a significant inverse H&S pattern.</li> <li>An enormous volume is present in the right shoulder zone; bullish.</li> <li>MFI (Money Flow Index) and OBV (On Balance Volume) are surging, suggesting an upside breakout from the H&S pattern is imminent.</li> <li>RSI (a momentum oscillator) is in a strong rising trend.</li> </ul> Figure 3: Gelum Versus CDNX Index Line Chart <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20267685605_Picture11.png" alt="" width="624" height="515" /> Analysis: <ul> <li>Gelum is outperforming the underlying CDNX index, a bullish sign that could attract momentum-oriented investment funds.</li> </ul> Stock price at time of writing (July 1, 2026): CA$0.60 Short-Term Price Target: CA$1.25 Medium-Term Technical Price Target: CA$2.50 Long-Term Technical Price Target: CA$4.00 Technical Rating: Speculative Buy <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Gelum Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li> <div class="x_elementToProof">For this article, Gelum Resources Ltd. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.</div> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Gelum Resources Ltd. </li> <li>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.</li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31679"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31679" width="0" height="0"> ( Companies Mentioned: GMR:TSX; GMRCF:OTCQB, ) Mon, 06 Jul 2026 00:00:00 PST Explorer Uncovers 4.2M Oz Gold-Copper System at Papua New Guinea Property https://www.streetwisereports.com/article/2026/07/01/explorer-uncovers-4-2m-oz-gold-copper-system-at-papua-new-guinea-property.html Source: <a href="https://www.streetwisereports.com/article/2026/07/01/explorer-uncovers-4-2m-oz-gold-copper-system-at-papua-new-guinea-property.html?utm_medium=feed">Streetwise Reports 07/02/2026</a> South Pacific Metals Corp. (SPMC:TSXV; SPMEF:OCTMKTS) advances its Kili Teke project in Papua New Guinea, finding a large gold-copper resource. See why an expert finds the stock undervalued.On June 25, 2026, South Pacific Metals Corp. (SPMC:TSXV; SPMEF:OCTMKTS) announced <a href="https://www.stockwatch.com/News/Item/Z-C!SPMC-3836074/C/SPMC" target="_blank" rel="noopener">the commencement of exploration</a> at its Kili Teke copper-gold project in Papua New Guinea. After securing the support of the community and local landowners, the Hela provincial government, the Koroba-Kopiago District, and the Awi-Logayu local-level government, South Pacific Metals' subsidiary, Kainantu Resources Ltd., is prepared to begin working on the property. The company presented project <a href="https://www.stockwatch.com/News/Item/Z-C!SPMC-3836074/C/SPMC" target="_blank" rel="noopener">highlights</a> as: <ul> <li>A National Instrument 43-101 inferred mineral resource of 237 million tonnes grading 0.24 gram per tonne gold (Au) and 0.34% copper (Cu), containing 1.81 million ounces gold, 802,000 tonnes copper, and 40,000 tonnes molybdenum for 4.2 million ounces gold equivalent, defined on the Central Main Porphyry (CMP) alone;</li> <li>The resource sits within just one of the four prospect areas. The remaining three: the Ieru porphyry, the Ridge gold area, and the skarn corridor, together with the deeper, higher-grade parts of the resource system, remain largely untested;</li> <li>Beyond the resource, South Pacific Metals has defined over 10 exploration targets across three distinct mineralized styles:</li> <ul> <li>A Porgera-style alkalic epithermal gold target: the Ridge gold area (RGA) with a gold-tellurium-arsenic signature distinct from the resource porphyry's copper/gold/molybdenum; soils up to 9.39 g/t Au; rock chips to nine g/t Au, 7.4 g/t silver (Ag), and 1.5% Cu;</li> <li>A separately modeled intrusive complex, the copper-gold Ieru porphyry (IP): surface rock chips up to 38.7% Cu and 40 g/t Au; historic trenching of 27 meters at 0.97% Cu and 1.25 g/t Au;</li> <li>A corridor of high-grade copper/gold/silver/zinc skarn targets, each largely untested; historical drilling returned 7.8 m at 12.98% Cu and 11.75 g/t Au, outside the current resource;</li> </ul> <li>A machine-learning targeting study with ALS Geoanalytics ranked 14 drill targets, classifying six of them Rank 1, including a high-priority deep porphyry target beneath the CMP and a series of targets on the resource margins, where the system remains open;</li> <li>The project has been formally endorsed by the Office of the Honourable Philip Undialu, Governor of Hela Province, the Hela Provincial Administration, the Koroba-Kopiago District, and the local-level government, with provincial and district leaders confirming the local Kili Teke community is eager for work to begin.</li> </ul> In the release, Michael Murphy, Executive Chairman of South Pacific, said: "Kili Teke is rare for an explorer of our size. A district-scale system with a 4.2-million-ounce resource and more than US$20 million of past work behind it, yet with three of its four prospect areas barely drilled. The high-grade results are already on the board, from high-grade skarn intercepts to multigram gold in soils. Our job is to follow the data, stage by stage, back to the productive heart of this system, and we are doing so with the full support of the landowners and the Hela provincial government, to whom we are deeply grateful." South Pacific is a gold-copper exploration company focused on exploration and development of properties within Papua New Guinea's proven gold and copper production corridors. The company's properties include Ontenu (Osena), Anga, Kili Teke, and May River. <h2 style="text-align: center;">Gold and Copper Markets Weathering an Uncertain Market</h2> In January 2026, gold surged to a record high, hitting<a href="https://finance.yahoo.com/markets/commodities/articles/gold-investors-tough-luck-news-202300207.html" target="_blank" rel="noopener"> over US$5,000 per ounce</a>, but has recently fallen due to a rise in inflation and a stronger U.S. dollar. Still, investors aren't shying away. On June 29, 2026, Chen Lin of What is Chen Buying? What is Chen Selling? was optimistic about gold miners and their stocks, saying, "Gold showed a good bounce from below US$4,000 last week. I am encouraged by this and plan to watch closely during the summer months. My plan is still buying liquid big miners in late summer or September. Juniors, however, there are a lot of interesting opportunities that are worth buying." In April, <a href="https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/copper-gold-market-outlook-2026-prices-supply-mining-costs" target="_blank" rel="noopener">S&P Global wrote</a>, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows." Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, <a href="https://www.recyclingtoday.com/news/world-bank-base-precious-metals-price-increases-2026-forecast/" target="_blank" rel="noopener">Brian Taylor of Recycling Today said</a> that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022. Almost immune to market uncertainty, copper prices are continuing to boom due to industrial demand and the rise of AI data centers. On May 12, 2026, <a href="https://economictimes.indiatimes.com/news/international/us/what-is-really-driving-copper-futures-to-record-highs-copper-prices-just-broke-every-record-as-ai-data-center-boom-fuels-global-supply-crunch/articleshow/131064718.cms?from=mdr" target="_blank" rel="noopener">Piyush Shukla of The Economic Times</a> wrote that, "Copper prices are soaring aggressively in 2026 as copper futures smash record highs above US$14,000 per ton. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China's factory recovery, Middle East sulfuric acid shortages, and tightening mine supply are deepening the global copper crunch." So far, <a href="https://www.mining.com/copper-price-hits-record-in-us-on-supply-risks-tariff-bets/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=6d504bff47-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-6d504bff47-606677560" target="_blank" rel="noopener">copper prices have risen more than 10% since the start of the year</a>, and over 40% since the beginning of 2025. Demand for copper is expected to rise due to continued use in electronics, especially with the widespread construction of new data centers and defense needs America is experiencing. A report from <a href="https://www.businessworld.in/article/copper-entering-next-commodity-supercycle-report-608319?shem=dsdf,sharefoc,agadiscoversdl,,sh/x/discover/m1/4" target="_blank" rel="noopener">Businessworld</a> claimed that "global copper demand is gradually shifting towards strategic and less price-sensitive sectors such as AI infrastructure, defense, power grids, and clean energy systems. By 2040, these categories are expected to account for nearly 45% of total copper demand, up from 32% in 2024." Copper has experienced some volatility this year. While a bull market for traders, physical products are trending toward a bear market due to potential tariffs. Last year, the looming potential of President Donald Trump's tariffs surged copper prices in the U.S. as American investors stockpiled the metal. This hype created an overstocking of copper, widening the gap between futures and physical worth. "Collectively, inventories at the world's main exchanges have risen by more than 500,000 tons since the start of the year," <a href="https://www.mining.com/web/a-copper-market-awash-with-metal-sours-traders-bullish-mood/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=9a3b541bbd-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-9a3b541bbd-606677560" target="_blank" rel="noopener">stated a March 6 article by Bloomberg News</a>. The imagined certainty of inaccessible copper due to tariffs evaporated, however, when premiums for U.S. copper futures disappeared, and the tariffs did not materialize. Trump may choose to impose tariffs next year, but analysts and investors are skeptical since his administration chose to forego them in January 2026. [OWNERSHIP_CHART-10406] Copper futures rested at <a href="https://www.investing.com/commodities/copper-news" target="_blank" rel="noopener">US$6.17</a> per pound on July 1, 2026. Industry data showed that global shipments of copper concentrate have risen since April, pointing to ample raw material availability." Still, copper prices are unlikely to fall dramatically, even if a resolution is found. <a href="https://www.mining.com/copper-price-hits-record-in-us-on-supply-risks-tariff-bets/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=6d504bff47-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-6d504bff47-606677560" target="_blank" rel="noopener">China's output fell by 3% in April 2026</a>, and tariff expenses are keeping the stock price high. <h2 style="text-align: center;">Expert Sees Stock as "Very Undervalued"</h2> Chen Lin of What is Chen Buying? What is Chen Selling? wrote about South Pacific on June 29, 2026, saying: "SPMC.v has issued the biggest news in its history. It has received the social license of the Kili Teke project. It has a 43-101 showing 4.2 million ounces of gold equivalent, 802 million tons 0.24g/t gold, and 0.34% copper. It reminded me of AURO.v, while its market cap is only about 1/7-1/8 of AURO. I view this as very undervalued! They have 4-5 million cash now, thanks to a timely raise last December. They are planning to start drilling the high-grade area of Kili in September. In the meantime, they are drilling close to their concession close to K92 Mining Inc. (KNT:TSX.V; KNTNF:OTCMKTS). We should have a lot of drilling results during the summer." <h2 style="text-align: center;">Next Steps for Kili Teke</h2> The company's <a href="https://southpacificmetals.ca/wp-content/uploads/2026/02/South-Pacific-Presentation-20jan2026-VN-1.pdf" target="_blank" rel="noopener">investor presentation</a> lists potential work in 2026 for the Kili Teke project as close-spaced soils and patting to pin down Alkali gold targets, a ground magnetics survey to look for near-surface skarns, and potential drilling depending on the results. <h2 style="text-align: center;">Ownership & Share Information1</h2> South Pacific Metals Corp. has a market cap of CA$28.35 million, with 69.14 million shares outstanding. The company's 52-week range is CA$0.31-CA$0.94. Institutions own 9.16% of shares, while Management & Insiders own 8.50%. The remaining 82.34% of shares are held by Retail. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=31678"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=31678" width="0" height="0"> ( Companies Mentioned: SPMC:TSXV;SPMEF:OCTMKTS, ) Thu, 02 Jul 2026 00:00:00 PST