Mining Stock Daily

Morning Briefing: Markets Rebound and Oil Falls on Speculation of US Withdrawal from Hormuz

Mar 31, 2026
Markets rebound while oil slips on speculation about US moves in Hormuz. Companies adopt shareholder rights plans to block takeovers. A $75M revolving credit facility and new environmental baseline work at a lithium project get updates. Fresh drill results and updated resource studies for several gold, silver and copper projects are discussed.
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INSIGHT

Markets Rebound After Oil Pullback

  • Oil price pullback eased market pressure as markets closed the first quarter higher.
  • Trevor Hall links Brent falling from $114 to about $108 after reports the US may not insist on restoring Strait of Hormuz passage, reducing supply-fear premium.
INSIGHT

Dual Companies Adopt Rights Plans

  • Aldebaran and Regulus adopted shareholder rights plans to guard against creeping takeover bids above 20%.
  • Trevor Hall notes both companies share management and will seek ratification at 2026 annual meetings.
ADVICE

Replace Gold Prepay With Revolving Credit

  • Monera Alamos used a $75M revolving credit facility to replace a gold prepayment, freeing future production.
  • The facility from Scotiabank and National Bank of Canada lets Monera retire a $25M Auramet prepay that delivered ~8,000 ounces through 2027.
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