Mining Stock Daily

Paul West-Sells, CEO of Western Copper and Gold, provides a quick corporate update on development work happening at the Casino project in Yukon. The last time we spoke with $WRN is after Mitsubishi came in as a new strategic investor. Since then, partners Rio Tinot have increased their stake in the company as their work agreement inches closes to decision day later this fall.

Collin Kettell joins MSD for a corporate editorial on Nevada King Gold's ongoing exploration work at the Atlanta Gold Mine Project in Nevada. Paul Harris asks about the drill program and the possibilities for publishing new technical reports for the project. The company raised more than $16M earlier this spring and Collin tells listeners how they want to spend it.

Ian Ball joins us on MSD today as Interim CEO of Canadian Gold. Ian was the head of Abitibi Royalties before it was acquired in 2021. He has returned with CGC.v. Ian provides an introduction to Canadian Gold, the Tartan Mine and the exploration/development work ongoing this year in Manitoba.

Denison Mines reported results of the Feasibility Study for in-situ recovery mining of the Phoenix uranium deposit and a cost update to the 2018 Pre-feasibility study of the Gryphon uranium deposit. New drill results from Arizona Metals, Endurance Gold and AbraSilver. Stillwater Critical Minerals announced a new strategic investment by Glencore. We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. ASCU is an early-stage copper developer and explorer of the Cactus Mine and its satellite project, Parks/Salyer, both situated on a 4km mine trend on private land in Arizona's porphyry copper district. Opportunity for significant growth and scale exist along the trend, while future capex requirements outlined in the Cactus PEA benefit from significant onsite and nearby access to infrastructure. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America. For more information, please visit www.arizonasonoran.com. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.

In this week's long-form discussion, we take a look at the Australian mining and resource markets. It is an area of mining we typically do not cover much of here on MSD, but it is incredibly important to have a good understanding of for speculators in the junior side of the industry. We connect with Minelife's publisher, Gavin Wendt to a wide range of topics, including the doldrums of its own resource exchange and where the opportunities lie on the ASX. We then branch into other topics, including his thoughts on the Newmont/Newcrest deal, why rare earth exploration is seeing some liquidity, and just where are we in the commodity cycle? But one of the most important topics we cover is the role Australia plays in a de-globalized world. Will it continue to be China's main supplier of metals and resources? Or will geopolitics force Australia into different directions? We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. ASCU is an early-stage copper developer and explorer of the Cactus Mine and its satellite project, Parks/Salyer, both situated on a 4km mine trend on private land in Arizona's porphyry copper district. Opportunity for significant growth and scale exist along the trend, while future capex requirements outlined in the Cactus PEA benefit from significant onsite and nearby access to infrastructure. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America. For more information, please visit www.arizonasonoran.com. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.

David Stewart of Ascot Resources joined us for a general corporate update on a couple news items out of the company. David talks about a refinancing of a $10M convertible debt facility, so we talk about these tools for project financings and what it means for Ascot and their shareholders. We also talk about the SILJ rebalancing and how Ascot was effected by the move.

New drill results from New Found Gold, Aston Bay Holdings and Omai Gold Mines. Discovery Silver provides a general project update from Cordero. We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. ASCU is an early-stage copper developer and explorer of the Cactus Mine and its satellite project, Parks/Salyer, both situated on a 4km mine trend on private land in Arizona's porphyry copper district. Opportunity for significant growth and scale exist along the trend, while future capex requirements outlined in the Cactus PEA benefit from significant onsite and nearby access to infrastructure. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America. For more information, please visit www.arizonasonoran.com. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.

David Erfle joins us to talk about the rebalancing act in the ETFs which caught many equities by surprise over the past week. We talk about the fundamentals behind the rebalancing and how speculators should be better prepare for these moves in the future. We also talk about the fundamentals and technicals behind gold and the GDX(J). The 200dma is a place most of the important charts are currently sitting.

Luke Alexander of Newcore Gold joined us to discuss the non-brokered financing the company is partaking to fund another $5M worth of capital for the Enchi gold project. Luke talks about the timing of this financing and who is participating under these terms despite the very weak junior gold equity market.

Marimaca Copper has a new strategic investor. New drill results from Calibre Mining's Pan Mine. Corporate updates from both Novo Resources and Integra Resources. We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. ASCU is an early-stage copper developer and explorer of the Cactus Mine and its satellite project, Parks/Salyer, both situated on a 4km mine trend on private land in Arizona's porphyry copper district. Opportunity for significant growth and scale exist along the trend, while future capex requirements outlined in the Cactus PEA benefit from significant onsite and nearby access to infrastructure. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America. For more information, please visit www.arizonasonoran.com. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.