Mining Stock Education

Zayn Kalyan, CEO of sponsor Scorpio Gold Corp. (SGLD), comes back on MSE to talk about the company’s new discovery hole at the April Fool target in Nevada’s Manhattan district. Hole 26MN-133 hit 9.4 g/t gold over 13.05 meters from 78.63 meters downhole, including 4.11 meters at 19.83 g/t gold. It sits about 850 meters from the core resource area and is the first deep diamond core hole drilled at April Fool. Zayn says the market hasn’t priced in Scorpio’s district: in his description, 8.5 km of mineralized ground holding five historic resources. He also points out that nearly US$19 million of drilling over the past 24 months isn’t in the current resource yet. The updated MRE, targeted for the end of January, could be the re-rate catalyst. The discussion also covers Black Mammoth’s permitting status, Keystone–Jumbo as the next historic target, progress on the 50,000-meter program, investor feedback since the Nasdaq listing, and a possible non-dilutive restart of the permitted Goldwedge mine and mill. TSX.V: SGLD – NASDAQ: SGLD -- FSE: RY9 www.ScorpioGold.com Press Release discussed: https://scorpiogold.com/news/scorpio-gold-drills-9-4-g-t-gold-over-13-05-metres-from-78-63-metres-at-april-fool-a-modern-discovery-hole-and-an-850-m-step-out-from-core-manhattan-resource-area Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Sponsor Scorpio Gold Corp. pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found Scorpio Gold’s most-recent company slide deck found at www.ScorpioGold.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy shares of any company featured on MSE, you should, for your own protection, assume MSE’s owner is personally selling you those shares. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Ivan Bebek, Chair & CEO of Coppernico Metals (TSX: COPR | OTCQB: CPPMF), joins Bill Powers for a sponsor update. Peru’s Ministry of Energy and Mines has granted the Start-of-Activities authorization for the Sombrero copper-gold project in Ayacucho. That was the last government approval needed to start drilling under the expanded EIA-Sd approved in August. The new permit covers about 3,122 hectares and allows up to 300 holes from 181 drill platforms. The previous permit allowed 49 holes from 39 pads. Ivan says the permitted area has nearly tripled, and 60–70% of the targets in it could never be reached with a drill before. Ivan explains why Phase 2 starts at Fierrazo. A steel company drilled eight holes there in 2013 looking for iron ore. Auryn Resources, Coppernico’s predecessor, later assayed that core and found 90.4 m of 0.48% Cu, including 41.8 m of 0.88% Cu. Gravity and magnetic surveys outline a magnetite-rich skarn body at least 700 m long, and only about 200 m of it has been drilled. Ivan also covers his “drilling for knowledge” approach to targets under shallow volcanic cover, the timeline for first drilling at the high-grade Nioc target, and the company’s funding. It has just under $4M in cash, and Ivan expects a raise in Q1 2027. He also gives updates on a possible US acquisition and a move to NYSE American. 00:00 Intro 00:47 Final Peru Drill Permit 02:12 Community Agreements and Timing 03:43 Where Drilling Starts 04:54 New Access and Geophysics 06:08 Drill Strategy and Plan 08:38 Funding and Treasury Plans 09:43 Building the Target Pipeline 12:15 Drill Logistics and Results 12:59 Acquisitions and Market Setup 15:08 Uplisting and Key Catalysts Sponsor: https://coppernicometals.com/ TSX:COPR; OTCQB: CPPMF; FSE: 9I3 Press release discussed: https://coppernicometals.com/coppernico-receives-final-drill-permit-and-outlines-multi-target-drill-program-at-sombrero/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Sponsor Coppernico Metals pays MSE a United States dollar seven thousand per month coverage fee. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

David Erfle of JuniorMinerJunky.com joins Bill Powers for their monthly check-in, right after the midterm elections and a sharp rebound in gold and silver. Erfle explains why he called January’s VRIC euphoria an intermediate-term top. He then explains why the black-bearish mood at the late-October New Orleans Investment Conference looked like a bottom, and why he was buying on October 30th. He compares this correction with 2008 and argues that today’s miners are fundamentally different. He also walks through his profit-taking discipline, a tax-loss rotation out of an under-funded drill play, and the macro backdrop into year-end. 00:00 Intro 00:32 Gold Silver Rebound 00:52 Sentiment Tops Bottoms 03:13 Election False Breakdown 05:17 Miners Relative Strength 06:42 Portfolio Risk Management 09:43 Selling & Rotations 14:50 Sentiment 18:06 Macro Events Debt Fed David’s website: https://juniorminerjunky.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Bill Powers and co-host Brian Leni get together for their monthly Junior Mining Insights talk. Silver has come back from about $115 to around $50, and the gold price has recently been trading below $4,000. The Fed and the Bank of Canada have both raised rates. Bill and Brian talk about why moments like this reward contrarian investors, how to stay disciplined on both the buy side and the sell side, and what Brian saw on his recent site visit to Element29 Resources’ Elida copper project in Peru. Bill and Brian also talk about lessons from an investor that turned $20k into $3M in a matter of weeks in 2020 contrasted with another speculator who turned a realized 20-bagger into zero. Listen and enjoy! 00:00 Intro 00:17 Silver Cycle Reset 02:45 Tax Loss Selling 04:19 Staying Confident 08:20 Selling Discipline 12:38 Timing the Next Leg 14:42 $20k to $3M 19:54 20-bagger to Zero 21:16 Overallocation Lessons 23:19 Financing Quality Signals 25:46 Who You Raise From 33:23 E29 Peru Site Tour 41:28 Peru Politics Risk 49:07 Ross Beaty’s jurisdictional long-term mindset Brian’s website: https://www.juniorstockreview.com/ Brian’s YT: https://www.youtube.com/@FIELD_NOTES Bill’s Twitter: https://x.com/MiningStockEdu Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Bill and Brian are not licensed financial advisors. Sponsor Element 29 Resources pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found Element 29’s most-recent company slide deck found at https://www.e29copper.com/ applies to everything mentioned in this episode. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

First Phosphate (NASDAQ: PHOS | CSE: PHOS) CEO John Passalacqua returns to Mining Stock Education. About two and a half months after its NASDAQ debut, the stock is roughly 40% below its all-time high and sitting on its 200-day moving average. John explains why the sell-off doesn’t worry him: the company has more than $40 million in cash and non-repayable government funding, which takes it to a final investment decision. On top of that, about $400 million of the estimated $500 million capex is already on the table from two sovereign nations. He also explains why he thinks this kind of sovereign backing is starting to “bust the Lassonde curve” for critical minerals projects. 00:00 Intro 00:46 Show Intro and Selloff 01:42 Macro Fears October Volatility 02:49 Why Corrections Create Value 03:55 Cash Runway to Feasibility 04:52 Sovereign Funding and G7 06:01 Filling the Final Gap 08:05 Execution De Risking Plan 09:34 Mine Plus Processing Vision 10:06 Buffett Tide Metaphor Returns Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Sponsor First Phosphate pays Mining Stock Education a United States dollar ten thousand per month coverage fee. First Phosphate’s forward-looking statement found in the company's presentation applies to the content of this interview. MSE offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/