Link to companion article: https://juniorresourceinvesting.subst... Founders Metals keeps on building a world-leading gold discovery play. After a huge run of drill-led success, Founders has landed two major pieces the last week or two that look to fuel the next run of value creation for them: 1. A major increase in their land holdings (including significant alluvial mining and many similar traits to Upper Antino) going from 20,000 to 56,000 hectares. 2. A $50 million (and 10.6% stake) strategic investment from the 7th largest (by ounces) gold producer in the world, namely Gold Fields.$50 million,, a plethora of new discovery targets, and a world-leading technical team. This one remains a high confidence pick for ongoing Time Stamps 00:10 Overview 03:30 The 36,000 Hectare Land Deal 08:30 Chris’ Role So Far in FDR 16:45 What’s the most compelling data from the new land for you? 25:15 Gold Fields Deal 35:30 Chris Ending Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below ‪@FathomNickel‬ Link to Companion Article: https://juniorresourceinvesting.subst... The second and final interview out of my time in Calgary. This one with Fathom Nickel (FNI.CN) CEO Ian Fraser. Ian catches me up on progress at their Gochager Lake nickel+ project with some pretty compelling above ground work that 1. Has opened up a trend of at least 3.5km of favourable (mineralised) host rock for high-grade zones within it and 2. That the historic Gochager deposit itself is surrounded by anomalies (across multiple data sets) that meet and exceed its own signature. Time Stamps 01:00 General Update 07:45 Nickel Macro Discussion 13:15 What’s Next for Fathom? Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​ @tocvanventures Time Stamps Below I took the trip down the #1 highway to Calgary a couple weeks back for some sit downs with a few clients and industry members. Below is one of those sit downs, an interview recorded with CEO Brodie Sutherland of Tocvan Ventures. Good news continues to flow out of Tocvan’s Gran Pilar gold project in Sonora, Mexico - newly-discovered zones, historical workings, positive geochem and aeromag results, warrants exercising, positive permitting developments, and aggressive future drilling plans (some 15,000-20,000m before end of 2026). It takes news flow to get noticed in this industry, and Tocvan promises to deliver a lot of it over the next 12-18 months. Add in gold doing what it’s been doing (trading sideways at $4000 of all prices currently) and that’s a pretty powerful combination. Time Stamps 00:10 Introduction 04:00 Compare and Contrast North Block to South Block 11:30 Macro Trends and Tocvan Strategy 16:30 When Do You Plan to Head to Full Production 23:45 Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​‪@contangoore9949‬ Summary and Time Stamps Below Important Note: If you like my work, please click through here and subscribe to CTGO's newsletter to show CTGO the following I can bring to their story: https://why-invest-in-contango.com/ Link to companion article: https://juniorresourceinvesting.subst... Here’s an October update from Contango Ore (CTGO.NYSE). Contango continues to produce high-grade, high-margin gold alongside gold’s historic march to over $4000. CEO Rick Van Nieuwenhuyse joins me to discuss numerous topics - shifting mine plans, debt payments, future plans, and why his company opted to go to the market for more cash despite their healthy revenue this year. CTGO continues to shed itself of its remaining debts and hedges as quickly as possible while still advancing both Lucky Shot and Johnson Tract to short term production. With spot at these unprecedented levels, the time to move is now, and Contango is moving aggressively forward. Time Stamps 01:45 How has the market changed for you with this run? 04:45 Where were you conservative in your mine plan that you are consistently beating quarterly guidance? 08:30 Update on hedged ounces and bank debt remaining? 10:30 Explain the recent $50 million public offering. Why? 14:45 Manh Choh News – Hope to begin blending ore with Kinross’ Fort Knox mill? 18:30 When will Lucky Shot begin drilling. 20:45 Meters needed to get Lucky Shot mine-ready? 22:30 JT Economics and News flow to expect for investors Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Timestamps Below ‪@thesisgold1473‬ Link to Written Companion Work: https://open.substack.com/pub/juniorr... Thesis Gold’s significant upward movement this year (+236% ytd) still hasn’t brought it to fair value by my estimation, as I demonstrated in my recent infographic. With the first 3 holes now back from the ongoing 2025 drill campaign, including a headline hole of 89.3m of 1.1 g/t Au (and ending in mineralisation) and a PFS at significantly higher spot prices due imminently, Thesis looks poised to further ride this unprecedented wave as gold continues to sharply rerate. 01:00 Ewan walks through the news 04:00 Different mineralisation at bottom of hole. 06:00 Geochem and IP work news - when? 08:50 When can we expect remaining drill results. 09:30 PFS – when can we expect it, any changes? 13:30 Ewan’s Thoughts on Gold’s Run 16:00 Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Companion Article and Written Summary: https://juniorresourceinvesting.subst... Kodiak Copper is in the middle of a critical milestone, having released part one of their maiden resource for their MPD project (with part two due before end of year). Including inferred tonnes, the resource for the first 4 zones reported is nearly 300Mt of 0.35% CuEq. The remaining three zones will be reported before the end of the year. With peer valuation comps favourable to Kodiak and copper pushing steadily higher, the timing appears good for Kodiak investors. Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Infographic: https://open.substack.com/pub/juniorr... Here's a quick video of me just walking through a few ideas I have regarding my gold developers peer comparison infographic. This infographic compares four Canadian gold companies at different stages of the development pathway. Thesis Gold and Probe Gold both have imminent PFSes, Skeena Gold & Silver has a funded DFS, and finally Artemis Gold, who is swinging into full-scale production. I have worked to better allow for 1:1 comparisons of NPV, IRR, etc. by standardising technical report sensitivity variables (exchange rate, spot price(s), etc.) between the individual base cases. This serves to increase both the breadth (by comparing across companies) and depth (by projecting a single company’s rerating potential over time) of understanding of these projects for the investor. ‪@thesisgold1473‬ ‪@artemisgoldinc‬ ‪@skeenagoldsilver‬ Probe Gold Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Companion Article: https://juniorresourceinvesting.subst... This is a big day for Arizona Gold and Silver. After months and indeed years of build-up, Arizona looks like it is finally, excitingly, be positively confirming the significant blue sky potential management has believed in all along at its Philadelphia project in Arizona. This is because AZS has finally hit the interpreted epithermal boiling zone lurking beneath its Red Hills target. And initial results are excellent, with every indication that they're going to get even better as drilling progresses. The headline numbers - 9.5 gpt AuEq over 20.43 meters (64% tw) are impressive. That this is the top of zone and AZS believes it will extend some 500-600m in total depth, with grade increasing along the way, makes for an even more tantalising scenario. That a clast of ultra high-grade - 45 gpt of Au vein - was found in the breccia higher up clearly supports this idea that with depth will come even better grade. Excellent results here have opened up a whole new path of potential for Arizona. This boiling zone has the depth, grade, and strike length (not to mention epithermal veins over 25m thick - to be a major discovery. And that's pretty darn exciting. Time Stamps 00:50 Mike’s Intro 02:30 Quote from Greg Hahn 04:10 Discussion of the System 07:30 The Financing – Why? Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Companion Article: https://juniorresourceinvesting.subst... I will get Roy on for a long-form deep dive soon, but in the meantime, recent news demanded I get him on fast to talk about it. That’s because Allied Critical Metals (ACM.CN) released what looks to be - without hyperbole - one of the best pubco tungsten hits ever recorded at its Borrallha brownfield (re)development project. 12m of 4.27% wolframite (or 6m of 8.39%) is quite literally nearly an order of magnitude higher than typical high grade tungsten. Wolframite tungsten is remarkably cheap, easy, and safe to extract and refine. Indeed, Borrallha is estimated to be just CAD $10 million and 6-9 months from pilot production once financing is secured. And the timing couldn’t be better, with Tungsten at multi-decade highs thanks to increasing geopolitical tensions. With strong news flow expected to the end of the year, including more imminent drill results (including visually-similar rock to the above remarkable assay), a resource estimate and new PEA (which will be including this drill campaign), and pilot production still expected in 2026, now is a very good time indeed to be following this company. Time Stamps 00:00 My Intro to ADM 02:15 Roy Bonnell 04:40 The Ultra High-Grade Hit 06:45 Where is this hit in the system? 9:00 Why RC vs. Diamond Drilling 10:00 Production – when and how much money? 13:45 Will these holes make it into Q3/4 resource & PEA? 14:45 Timeline of Upcoming News Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Companion Article: Cosa Resources significantly and rapidly advanced its Murphy Lake North project based on the recently-announced results of their summer drill campaign. Not every drill campaign ends in discovery, but every discovery comes from the efforts of multiple drill campaigns, all of them building together to achieve the necessary critical mass of subsurface understanding to drive a new discovery. So while Cosa doesn’t have a discovery to show for this program, as you will see below, they have remarkably compelling evidence that that might change soon enough with a bit more time and effort. That’s because the level of success they found in their very first few holes into their never-before-drilled Cyclone Trend is both rare and rapid. Not many projects ever show this much promise. Very few display it so early. CEO Keith Bodnarchuk joins me again to walk me through this news release and what exactly has Cosa so excited. And, frankly, me for that matter, too. Time Stamps 01:00 Keith’s Intro to the Results 06:00 Explain the Process of Deciding to Focus on Cyclone 08:30 Is Hurricane still Prospective? 10:10 Do Property Boundaries Influence Your Strategy 12:30 Similarities and Differences to Hurricane Discovery 14:45 Correlation to size of alteration and size of deposit? 17:15 Where are you going next, as best you can understand presently? 19:10 When can we expect assays? 21:15 Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​‪@foundersmetals‬ Time Stamps Below Link to companion article: https://juniorresourceinvesting.subst... More news out of Founders Metals recently. Drilling around their flagship Upper Antino discovery has critically expanded areas of known mineralisation along strike, laterally, and at depth. With ~30,000 meters left to be drilled and released this year, and the weather cooperating for farther afield high grade discoveries to be easily returned to for further drilling, Founders looks like it has what it takes to end the year strong. CEO Colin Padget sits down with me once more for another frank conversation to discuss these results and also to address shareholder concerns regarding recent negative share price movement and perceived issues behind it. Time Stamps 01:00 News out this week – new results from Upper Antino 06:10 Explain what this data tells you about the system. 11:30 What evidence do you have to connect UA and Donut 14:00 Why aren’t the locals mining it yet? 15:55 Why Is the Share Price Struggling? 22:00 Has Founders’ Decisions Impacted the Share Price? 28:00 Have timelines on the corporate side stretched unexpectedly? 32:30 Do you need more high grade to justify further price growth? Where does low-grade fit in? 37:00 Do your high grade discoveries have the scale needed to be significant? Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​ @tocvanventures Time Stamps Below Companion Article: https://juniorresourceinvesting.subst... This is a big development for Tocvan. One that has been years in the making. Tocvan's stated goal has always been to push to early stage proof of concept production, betting that their jurisdictional advantages (in Sonora, Mexico - pro mining, very cheap, many neighbouring peers) would allow them to accelerate the timeline to production. Then, of course, Mexico gained some perceived jurisdictional risk due to government rhetoric regarding mining reform, which dampened the market's enthusiasm for Tocvan's plan. Not that Tocvan ever stopped exploring and advancing its Pilar project, mind you. But as of this morning, those concerns are officially put to rest. This is because Tocvan has now received every permit required for its pilot production plant and extensive further exploration across its entire property. With these now in place, Tocvan can finally begin its plan, a plan that will see remarkable growth take place in the next 12-24 months if they can execute successfully. And I believe they will. Time Stamps 00:30 JRI Intro to Key News and Brodie’s Thoughts 02:15 Discuss the Process Now That is is Over 05:45 Mexican Jurisdictional Concerns – Addressed 08:45 When do you anticipate construction? 10:30 When will you be ready for production? 12:00 What are your exploration plans for the fall? 13:30 News Flow and Final Thoughts. Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Companion Article: https://juniorresourceinvesting.subst... Time Stamps 01:15 Introduction to Evan and His Work 04:30 What About Your Origin Story with Thesis and What Drew You to Lawyers-Ranch? 07:00 What is your short order, high priority goal for this campaign? 08:45 How has the transition from academia and government to market geology been? With summer exploration season upon us and another big drill campaign coming for Thesis Gold, I thought this would be a good time to publish a brief sit down I had with Thesis Gold's new(ish) Chief Geologist, Dr. Evan Orovan. Thesis Gold's Lawyers-Ranch project is tantalising - a long list of potential further discoveries, with targets all over the property, all separate from and in addition to the existing 4 million M+I deposit already proven up here. And that's without taking into consideration the chance for a porphyry discovery underlying the whole system, a theory which was demonstrated by Amarc Resource's impressive recent discovery. So it is in this space - a large, powerful resource already on the books, but with the potential for entirely new (and even new types) of discoveries that Evan joins Thesis and the Lawyers-Ranch project with the hopes of driving further exploration-led growth. And he has a resume (and CV) that should make you excited about that potential: A PhD in economic geology, an expert understanding of a wide array or tool and techniques that can drive discovery, years of government experience and intimate knowledge of BC's geological potential, and, now, a project of his own - and the budget needed - to bring to bear his ideas. Evan is an obviously sharp and intelligent thinker, and valuable addition to the team. Should his clear expertise prove up further discovery, up to and including the potential for their own porphyry, Thesis could be a fundamentally different company in not much time. Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below. ‪@CosaResources‬ Link to Companion Article: https://juniorresourceinvesting.subst... Cosa Resources is a junior uranium explorer operating on the eastern edge of Saskatchewan's prolific Athabasca Basin. A shrewd deal with Denison Mines has recently given Cosa a 70% option on some of the premium unexplored targets left in the region. Now with 4 holes from last winter helping them vector in, Cosa has returned to the high potential Murphy Lake North property for an 8 hole, 3000m program to search again for their elusive discovery hole. Just 2km along trend from one of the most impressive uranium discoveries of all time - the Hurricane Discovery - which the Cosa team played an instrumental role in, there are lots of reasons to get excited. Currently drilling and potentially just weeks away from results, Cosa is approaching a potential hingepoint in its existence, and something investors should be watching closely. Time Stamps 01:00 Elevator Pitch for Cosa right now 07:00 Uranium Macro - Supply Crunch 12:30 Why Should Cosa stand out for people 17:00 Why Murphy Lake North 22:00 What you found at Murphy Lake last winter 30:30 How common are false positives? Barren alteration zones? 36:00 Drilling and Drill Costs 44:30 How do you release results? Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to companion article: https://juniorresourceinvesting.subst... Founders Metals released an exploration update today, covering 4 or 5 different targets, their drill results, and future plans. Colin joined me to discuss these results, place them in context, and give a bit more of an update beyond the news release. In an effort to get this out quickly, I will skip my companion article and focus on the video and summary. With a lot of news still anticipated - from both the drill bit and the board room - this remains a critical and exciting year for Founders. Time Stamps 01:00 Key Takeaways 07:00 Rig Locations and Current Drill Plans 12:00 How many meters now? 14:00 More news to come? 19:00 Do you think you need more high grade to keep growing 24:30 Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below ‪@FathomNickel‬ Link to Companion Article: https://juniorresourceinvesting.subst... With their financing at long last closed, Fathom Nickel is in gear and in motion again in northern Saskatchewan. CEO Ian Fraser joins me once more to discuss their exploration plans for 2025, how their Gochager Lake project is on the cusp of exciting potential new discoveries, and how they continue to quietly advance their land adjacent to Ramp Metal’s surprising and impressive new gold and VMS-type discoveries. Time Stamps 1:30 Intro from Ian 04:30 Announced Gochager land acquisitions and above ground work 13:00 Logic Behind Acquiring More Land 20:00 VTEM Survey News 32:00 How long from now would you be drill ready in the south for gold? 38:00 What Ramp results will make you drill for gold. 46:00 Financing and Costing Questions 51:00 Is there a loss of trust from investors? Should Fathom have communicated more? When’s the next financing? Rollbacks? 1:06:00 Recap of Expected News Flow? Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below. Tickers AZS.V and AZASF. I sat down with CEO Mike Stark for a brief news update. Since we last spoke, the company has released a couple sets of results from their ongoing drill campaign at their Philadelphia project, acquired land for a future heap leach pad, and have announced some $3.2 million in the bank in part courtesy of significant insider option exercising. AZS is still drilling as it builds towards its maiden resource within the next 12 months or so. And with the rig imminent at BLM Pad 2, they have a chance to fully and properly prove their “boiling zone under the Red Hills” geological model correct (after teasing it with hole 136) and add some critical high-grade ounces to their project. Mike and I chat about all this, the market response to their results, the importance of the leach pad land acquisition, insider support, and more. Link to Companion Article: https://juniorresourceinvesting.subst... Time Stamps 00:40 March 19th news – drill results 04:00 Hole 136 9:00 Update on holes and meters drilled to date? 12:00 Cash on hand and leach pad news 15:30 Final Thoughts 17:30 Follow-up on PEA and Resource timing   Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Companion Article: https://juniorresourceinvesting.subst... Thesis Gold (TAU.V) came out with good news recently, announcing that mid-tier producer and Toodoggone neighbour Centerra Gold (CG.T) was getting involved with Thesis through a 9.9% strategic investment. Bringing on a strategic is a critical step in any devcos journey, and the strength of the strategic and the deal itself speaks to the strength of Thesis and Lawyers-Ranch. CEO Ewan Webster joins me to discuss the details of the deal, why it makes so much sense as a local partnership, and more. Part 1: The Interview, Part 2: The Companion Article, Part 3: The W Time Stamps 00:10 Overview of News Release 07:00 Could Kemess infrastructure/flow sheet work for Lawyers-Ranch. 10:20 Investor question asking for more info on district synergies. 13:00 Update on when we might hear more from Thesis. Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Companion Article: https://juniorresourceinvesting.subst... This is one I’ve followed for a while, including a couple of paid sub notes on them. The similarities (and therefore immediate allure) to another company I follow closely (Founders Metals) make for an awfully compelling narrative here. Consider the obvious parallels: Location of Sela Creek (and Nassau) are in south/eastern Suriname, orogenic gold in the Guiana Shield, leveraging preexisting artisanal prospecting and mining as exploration tools, using similar geophysical tools and strategies, smart younger team. The valuation is rich ($75 million mc for a pre-discovery, pre-assay - for now - explorer) but clearly demonstrates the respect the market is giving Guiana Shield exploration. In truth, the valuation bedevils me. $75 million market cap without an assay in hand. Now all that’s left to do is prove the compelling narrative can be meaningfully converted into a compelling discovery. Time Stamps 01:00 Intro to Jaap, Miata, Sela Creek Project, and Three Points Capital 05:00 What historical work are you relying on and what are you doing differently to achieve better results. 10:50 Scale and scope – size of the prize? 13:00 What are the responses people are giving you about your story? (Pre-discovery, amount of potential, high valuations) 19:30 Overhang of warrants etc. 21:00 Cost of Drilling 24:30 Current Campaign Info, Lessons Learned 31:00 How long till drill results?   Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Important Note: If you like my work, please click through here and subscribe to CTGO's newsletter so they can track the following I can bring to their story: https://why-invest-in-contango.com/ In this conversation, Rick Van Nieuwenhuyse, CEO of Contango Ore, discusses the company's recent cash distribution, tonnage delivery improvements, and financial strategies amidst a turbulent macroeconomic environment. He highlights the significance of exceeding production guidance and the company's plans for accelerated debt management. Key Points: 1. Contango Ore has reported a significant cash distribution of $24 million. The company is producing 30% more gold (19,500oz vs 15-18,000oz guidance). 2. Bridge weight restrictions will also be solved via funding approvals for repairs now in place. 3. At current prices, the company forecasts over $80 million and could be debt free by EOY. 4. A PEA for the Johnson Tract project is expected soon, indicating future growth opportunities. titles Time Stamps 00:36: Introduction to Contango Orr and Market Context 03:43: Performance Highlights and Cash Distribution 06:32: Tonnage Improvements and Operational Efficiency 09:29: Debt Management and Future Projections 12:16: Macro Market Insights and Future Outlook Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.