Rock Stock Channel

In this Rock Stock Recap, we break down what retail investors need to know across lithium, copper, and broader commodities as of September 26. We discuss why lithium equities rallied despite "lower-for-longer" price calls, how China's evolving policies on strategic minerals (and growing recycled supply) may limit oversupply, and what shrinking market surpluses could mean for pricing once inventories normalize. We also cover the knock-on effects from Freeport's Grasberg disruption on copper balances, and practical ways to gain exposure via commodity ETFs versus single-name miners. We examine energy storage as a structural demand driver - highlighting rapid unit-size and cost shifts (e.g., large-format ESS builds and BYD leaks), the importance of BMS and safety regulations, and scenarios for 2030 storage demand and lithium requirements (LCE). We compare the U.S. and China policy backdrop, note Argentina's improving signals for lithium names, and discuss why passive under-allocation to commodities and rising global liquidity (M2) can fuel fund flows into hard assets. Key topics we cover: - Lithium: sector rally, Lithium Americas sentiment, Goldman Sachs supply/demand vs price path, inventory overhangs, recycling growth, China's supply curbs. - Copper: Grasberg outage, inventories, smelting capacity, tariffs/flows, and using CPER/COPX versus producer risk. - ESS & Renewables: AI-driven power needs, solar-plus-storage momentum, unit scaling, safety/BMS/regulatory catch-up, 2030 LCE implications. - Macro & Flows: passive underweight to commodities, U.S. retail dynamics, site-visit takeaways, Argentina tailwinds, liquidity and hard-asset rotation. Tickers mentioned: LAC, LTHM, SQM, ALB, SGML, TMC, USCF (commodities ETFs), CPER, COPX, FCX, BYD, CATL, Anglo, IVN, INR, SLI, ASN. Commodities & themes: lithium, copper, uranium, rare earths, ESS, AI power demand, China policy, Argentina lithium, recycling, inventories, cost curves, tariffs. 🔔 If you found this content valuable, don't forget to subscribe, like and comment! 📖 Chapters (00:00) Intro (05:53) Goldman Lithium View (08:01) Prices, Inventories, Risks (11:23) Demand, Cost Curve (12:18) China Oversupply Controls (14:43) Copper Shock: Grasberg (19:36) Copper: ETFs vs Miners (21:58) Secular Commodities Case (25:44) U.S. Flows & Site Visits (28:24) MinRes, Steel/Iron Ore Check (31:16) AI Power: Solar + Storage (34:28) ESS Demand, Safety, Rules (38:58) US-China & Transition (43:26) Liquidity & Hard Assets (46:15) Closing Remarks 🌍 Links - Read Matt's research blog: https://blog.rkequity.com/ - Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ - Learn more about USCF: https://www.uscfinvestments.com/ - Learn more about Lithium Royalty Corp: https://www.lithiumroyaltycorp.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity's website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Lithium Americas: Could This Be Their "MP Materials Moment"? Howard and Matt break down the latest news on Lithium Americas (LAC), which is up over 100% on speculation that the U.S. government (DOE Loan) may take an equity stake in its Thacker Pass project. We explore what a potential public-private partnership could mean for lithium prices, investor sentiment, and valuations across the U.S. lithium sector — including names like Ioneer (ASX: INR) and Anson Resources (ASX: ASN). We also dive into Matt’s latest RK Equity blogs, covering two key topics for investors: 🔹 Aluminum Market Outlook: Matt explains why aluminum may have already turned the corner structurally, despite 20 years of underperformance. We discuss how China’s production cap could reshape supply dynamics, how solar, EVs, and grid buildouts are driving secular demand, and why aluminum inventories are critically low. Matt shares ideas on ways retail investors might gain exposure — from producers like Alcoa (AA) and Norsk Hydro (NHYDY) to upstream bauxite plays and ETFs like USCF’s Sustainable Battery Metals Fund (ZSB). 🔹 China Policy Shifts: We unpack recent legislative and regulatory changes in China, including the Mineral Resources Law and new competition rules, and what they mean for critical minerals like lithium and rare earths. These moves could tighten global supply and support higher prices — a key theme for investors focused on EV supply chains and energy transition commodities. 🔔 If you found this content valuable, don't forget to subscribe, like and comment! 📖 Chapters (00:00) Introduction (00:50) Lithium Americas & DOE Loan (02:29) Aluminum Market Outlook (03:36) China's Aluminum Supply Shift (05:26) Production Caps & Supply Crunch (06:42) Aluminum Demand From EVs & Solar (07:18) Aluminum vs. Copper Price Forecast (08:10) Top Aluminum Stock Ideas (09:58) USCF ZSB ETF for Aluminum Exposure (11:23) China Policy & Critical Minerals (14:38) Rare Earth Quotas & Price Impact (16:30) Closing Remarks 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/ - Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ - Learn more about USCF: https://www.uscfinvestments.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we sit down with John Love, CEO of USCF Investments, the newest sponsor of Rock Stock Channel, to explore how investors can use commodity ETFs to diversify their portfolios and gain direct exposure to key market trends. USCF is best known for the United States Oil Fund (USO) but also offers funds focused on copper (CPER), sustainable battery metals (ZSB), gold with income (USG), and broad commodities (SDCI). John walks us through the history of USCF, its role as a pioneer in the commodity ETF space, and how it differentiates itself through innovation and a focus on futures-based strategies. We discuss why investors might prefer commodity exposure over equity proxies, the benefits of diversification, and how USCF’s systematic approach helps simplify futures investing for everyday investors. We cover four funds we believe retail investors should have on their radar: - CPER (United States Copper Index Fund) – for direct exposure to copper prices - USG (Gold Income Fund) – gold plus an options overlay for potential income - ZSB (Sustainable Battery Metals Strategy Fund) – targeting the metals powering electrification - SDCI (Broad Commodity Fund) – a rules-based, diversified commodity index strategy We also talk about current investor sentiment, the role of commodities in portfolio construction, and whether we may be entering a new commodity supercycle driven by electrification, AI infrastructure, and global demand growth. Learn more about USCF: - Website: https://www.uscfinvestments.com/ - X (Twitter): https://x.com/uscfinvestments If you found this content valuable, don't forget to like, subscribe and comment! 📖 Chapters (00:00) Introduction (03:49) USCF Edge & Strategy (06:24) Why Commodity ETFs (08:38) CPER: Copper Exposure (12:57) USG: Gold + Income (15:22) ZSB: Battery Metals (19:45) SDCI: Broad Commodities (24:14) Backwardation vs. Contango (29:54) Sentiment & Flows (34:21) Closing Remarks Links 🌍 - Read Matt’s research blog: https://blog.rkequity.com/ - Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we broadcast from Rockefeller Center and dig into three areas retail investors are asking about: rare earths valuation, titanium & advanced manufacturing (IperionX: IPX), and lithium market volatility—with updates from The Metals Company (TMC) and Lithium Royalty Corp (LIRC). 🔍 What we cover: - Rare earths—how to value early-stage names: Matt explains why NdPr-equivalent (neodymium–praseodymium) is a better lens than Total REO, and how we compare companies using market cap per contained NdPr-equivalent rather than headline grades alone. - IperionX site visit takeaways: Scrap-to-titanium, additive manufacturing and fasteners opportunity; why execution risk is falling; and how a “Bessemer moment” for titanium could reset costs versus aluminum/stainless. - TMC regulatory progress: NOAA confirms application compliance and priority rights; we discuss timelines, executive-order context, and what “big needle-mover” funding could look like in the U.S. framework. - Battery chemistry mix: Where nickel chemistries sit versus LFP as autonomy and energy density needs rise; manganese’s role (LMR) and the potential to produce manganese sulfate from nodules. - Lithium market now: CATL lepidolite restart chatter, demand growth still tracking ~high-20s % y/y, Chinese capex decelerating, and why restarts and cost curves matter for price formation through 2026–27. - Direct Lithium Extraction (DLE): Asset-by-asset reality check—costs and capex can be higher than conventional routes; not automatically first-quartile on the cost curve. - Royalty model for retail investors: LIRC’s portfolio (e.g., Sigma Lithium) and why royalties can provide exposure to Argentine brines and production growth while reducing operating cost risk. Learn more about IperionX (IPX): - Website: https://iperionx.com/ - X (Twitter): https://x.com/iperionx Learn more about The Metals Company (TMC): - Website: https://metals.co/ - X (Twitter): https://x.com/themetalsco Learn more about Lithium Royalty Corp (LIRC): - Website: https://www.lithiumroyaltycorp.com/ - X (Twitter): https://x.com/Lithium_Royalty If you found this content valuable, don't forget to like, subscribe and comment! 📖 Chapters (00:00) Introduction (03:15) Rare Earths: NdPr Valuation (08:20) IperionX: Scrap-to-Titanium (18:03) Heavy Rare Earth by-products (23:41) TMC: NOAA Compliance & Timeline (26:19) TMC: Priority Rights & Scale (27:47) Manganese & LMR Batteries (30:42) Industry Signals: Lockheed & Partners (33:01) Nickel vs LFP; Autonomy (35:55) U.S. Funding Paths & Structure (43:05) Lithium Royalty Corp Overview (45:09) Exposure to Argentine Brines (46:53) Volatility: CATL, Demand, China CapEx (50:56) DLE: Costs, CapEx, Fit (56:18) Restarts & Cost Curve (58:56) Price Recovery Outlook 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/ - Sign up for the Lithium Ion Bull newsletter: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

We are redistributing over latest discussion on X Spaces as a Rock Stock Channel episode, sharing where we think we are in the lithium & rare earths cycle, what’s changed, and how we’re positioning as RK Equity for a potential “risk-on” turn in mining equities. In this conversation, Howard, Matt and Rodney (with guests including YJ Lee, Chris Berry, Tom Woolrych, Jody Dahrouge, Christopher Williams and others) walk through what matters now for retail investors across lithium, rare earths and broader critical minerals. What we cover: - Macro & sentiment: Why risk appetite is re-emerging across gold, uranium, Bitcoin and critical minerals—and how policy (IRA, infrastructure/CHIPS, deregulation/reshoring) may shape capital flows and listings. - Lithium demand vs. supply: Normalized inventories, China supply-cut narratives, and why demand (EVs + grid-scale storage) is the swing factor. We discuss falling battery costs, global price competition, and EV penetration beyond China into emerging markets. - BESS is breaking out: How grid batteries could be the “next trillion-dollar business” and what multi-year storage growth implies for LCE demand. - Processing drives cost curves: A clear explainer on DMS vs. flotation for hard-rock—capex/opex, grind size, recoveries, and real-world lessons (e.g., Sigma’s DMS-only, whole-of-mine float cases). Jurisdictional deep-dives: - Quebec/Ontario hard-rock: Permitting realities, low-cost hydro power, conversion “missing middle,” and why project geometry (thickness, dip, heterogeneity) matters. - Brazil: Low-cost power, DMS suitability, and why the country has the raw materials stack to host more of the battery supply chain. - Conventional brines (Argentina/Chile): Why high-grade salar projects can be through-cycle low-cost—and why the market may be mispricing them relative to hard-rock. - DLE—promise vs. timeline: Where it fits (including boosting recovery on conventional brines), technical pitfalls (feed variability, oilfield impurities), and realistic scale-up expectations. - Rare earths primer: MP Materials’ U.S. push, magnet REEs (NdPr, Dy, Tb), ionic clay vs. hard-rock deposits, purity challenges, and the role of defense vs. broader tech/e-mobility demand. Companies & themes mentioned (not recommendations) MP Materials (NYSE: MP), Lynas Rare Earths (ASX: LYC), Sigma Lithium (NASDAQ/TSX-V: SGML), Pilbara Minerals (ASX: PLS), Core Lithium (ASX: CXO), Patriot Battery Metals (TSX: PMET | ASX: PMT), Winsome (ASX: WR1), Frontier Lithium (TSX-V: FL), Galan Lithium (ASX: GLN), Lithium Argentina (NYSE: LAR), NOA Lithium (TSX-V: NOAL), Wildcat (ASX: WC8), Lithium Ionic (TSX-V: LTH), Atlas Lithium (NASDAQ: ATLX), Talon Metals (TSX: TLO), Rio Tinto (NYSE: RIO), BYD, CATL—plus topics like SPACs, EV truck adoption, and restocking into year-end. Why it matters for retail investors: - Cost & flow-sheet choices (DMS vs. flotation) can make or break project economics. - BESS + EVs expand the addressable market faster than many models assume. - Jurisdictional power costs & permitting (e.g., Québec hydro) directly impact margin. - Conventional brines may offer mispriced, through-cycle optionality. - Rare earths remain strategically important—focus on magnet REEs and realistic ramp timelines. Stay connected: - Follow on X:     Rock Stock Channel: https://x.com/rkequityrocks     Howard: https://x.com/LithiumIonBull     Rodney: https://x.com/RodneyHooper13     Matt: https://x.com/matt_fernley - Read Matt’s research blog: https://blog.rkequity.com/ - Sign up for our Lithium-ion Bull newsletter at https://rkequity.com/ - Subscribe on YouTube / Spotify / Apple Podcasts for Rock Stock Channel updates. 📖 Chapters (00:00:00) Market Backdrop (00:10:00) Lithium Inventories & China Restocking (00:15:00) EV Price War, BYD Exports & BESS Surge (00:19:00) Rare Earths Reset: MP Deal & Demand (00:32:00) Ionic Clay REEs: Brazil/Africa (00:52:20) Quebec Hard Rock: Q2 Metals, Patriot (01:08:20) Quebec Edge: Permitting, Power, By-Products (01:13:40) The “Missing Middle”: Bécancour Refining (01:36:20) Demand Outlook: EVs, Storage, Heavy Trucks (01:51:00) DLE Reality Check: China & Brines (02:05:00) Argentina Brines: Low Cost, Mispricing (02:09:20) Brazil DMS Edge & WA Developers (02:17:40) Closing Thoughts & Rio Watch-Items 🌍 Links Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney, Matt and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Lithium Market Reset? August Scoreboard, Price Drivers & Developers To Watch (with Howard, Rodney & Matt) After a bullish summer for mining equities, we break down the August 31 lithium scoreboard, the bounce in chemical producers and spodumene names, and what really matters next for lithium prices. We cover inventories in China, the impact of CapEx cuts, and why low-cost producers and DMS-only developers may be the best risk/reward right now. This episode also features a catchup interview with Q2 Metals' (TSXV: QTWO) CEO, Alicia Milne, and VP Exploration, Neil McCallum following their September 4th press release on the Cisco Lithium Project in Quebec, Canada. Topics include: Q2’s C$26M financing, increased drill activity with multiple rigs, upcoming assay results, infill drilling strategy, and the roadmap toward their first mineral resource estimate (targeted Q1 2026). Neil details the latest metallurgical testing (HLS/DMS), recovery rates, and next steps in bulk sampling, while Alicia outlines marketing and investor outreach plans across Hong Kong, Korea, Japan, New York, London, and Zurich. What You’ll Learn: - Market Check: Why the rally looks more like a technical correction than a new supercycle—so far. - Price Drivers: Why falling inventories (days of supply in China) matter more than headlines. - Strategy: Focus on low-cost brine & hard-rock producers and DMS-only developers (lower CapEx/opex). - CapEx Crunch: How investment slowdowns set up supply tightness 2–4 years out. - Energy Storage Boom: Solar + BESS economics improving fast; tech leaps from 2 MWh to 5–9 MWh containers. - Due Diligence: Watch cash flow vs. reported costs—reporting standards vary widely in lithium mining. - Q2 Metals Deep Dive: Financing, drill program ramp-up, Cisco exploration update, metallurgical test results, and global investor roadshow plans. Companies & Themes Mentioned: Producers/Developers: Lithium Argentina, Sigma Lithium, Atlantic Lithium, Q2 Metals, Lithium Ionic, Atlas Lithium, Core Lithium, Sayona–Piedmont (NAL), Vulcan, Standard Lithium, POSCO. Topics: DMS vs. flotation, DLE brine, spodumene, inventories in China, incentive prices, CapEx cuts, EV batteries, BESS, solar + storage, rare earths (MP Materials, Lynas). 👍 If you value independent lithium analysis, hit Like, subscribe, and turn on notifications. 💬 Tell us which developer you think is most undervalued—and why. 📖 Chapters (00:00) Introduction (03:18) Bottom Call & Scoreboard (04:26) YTD Leaders & Equity Signals (05:10) Strategy: Low-Cost Producers & DMS (07:40) Price Outlook: Inventories & Incentives (09:38) Capex Cuts & 2-4 Year Setup (11:06) Solar Boom & Storage Demand (14:45) Mining Margins & Reporting (16:37) Scoreboard Segments, Raises & M&A (20:38) Vetting Developers & Key Names (24:31) Quebec: Sayona-Piedmont & NAL (27:11) Q2 Metals (30:16) Assay Results and Exploration Strategy (33:25) Winter Drill Program and Resource Estimate Goals (34:35) Assays Beyond Lithium (35:39) Metallurgical Testing and Results (37:41) Next Steps in Metallurgy and Bulk Sampling (41:57) Exploration Focus and Upcoming News Flow (43:31) Permitting, Camp Development, and Operations Update (44:14) Marketing and Global Investor Outreach (45:30) MRE Timeline (45:46) Closing Remarks 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/ - Sign up for the Lithium Ion Bull newsletter: https://rkequity.com/ - Catch our 2.5-hour Spaces replay with 1,500+ listeners: https://x.com/i/spaces/1kvJpMDgAyLxE - For Q2 Metals research coverage (Canaccord, Argonaut), email: rockstockchannel@rkequity.com - Q2 Metals Website: https://www.q2metals.com/ - Follow Q2 Metals on X: https://x.com/Q2Metals | LinkedIn: https://ca.linkedin.com/company/q2-metals-corp Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Howard and Rodney return with another Rock Stock Channel update, speaking with Lithium Universe (ASX: LU7) Chairman Iggy Tan. In this interview, we cover the company’s evolving strategy as it balances long-term lithium ambitions with a new entry into solar panel recycling and silver recovery. Lithium Universe began with the goal of building a lithium carbonate refinery in Bécancour, Quebec, supported by a completed DFS. While awaiting a lithium market recovery, the company has diversified through the acquisition of global rights to a PV cell recycling technology developed at Macquarie University. This innovation could unlock value by separating solar panel materials efficiently and recovering silver at scale. Key topics discussed: - Lithium Universe’s counter-cyclical approach to lithium refining in Canada - Why margins in lithium conversion remain robust despite market volatility - The scale of end-of-life solar panel waste and silver recovery potential - Details of Macquarie University’s microwave and electrochemical recycling process - Outlook for silver demand, supply deficits, and pricing trends - Upcoming milestones: pilot work, potential partnerships, and grant applications - Broader lithium supply-demand dynamics in North America, Europe, and China With a market cap of ~A$16 million and a share price up nearly 3x from its June placement, Lithium Universe offers investors exposure to both critical battery metals and emerging recycling opportunities. 📖 Chapters (00:00) Introduction (01:48) Iggy Tan's Lithium Background (02:59) Lithium Universe Strategy and Refinery Plans (05:13) Economics of Lithium Conversion Outside China (07:30) Global Push for Renewable Energy and PV Adoption (09:03) Solar Panel Waste and Recycling Opportunities (10:57) Macquarie University Recycling Technology (16:05) Commercialization and Global Expansion Plans (16:57) Next Steps: Pilot Plant and Partnerships (17:43) Milestones for Investors (6-12 Months) (19:40) Lithium Market Dynamics: Supply, Demand, and Recovery (23:23) Closing Remarks 🌍 Links LU7 Website: https://www.lithiumuniverse.com/ Follow on X: https://x.com/lithiumuniverse | https://x.com/TanIggy RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In August 2025's Recharge podcast, co-presenters Matt Fernley (Battery Materials Review) and Cormac O'Laoire (Electrios Energy) discuss some of the recent key talking points in the battery industry, including: - The China lithium shutdowns, their impact on the industry and outlook - Development on US tariffs and anti-dumping duties in the battery supply chain, with a particular focus on graphite and anode materials - The MP Materials/DoD deal and potential impacts on the battery chain - What do price floors mean for materials markets and projects? - EV sales update and discussion - Discussion on commercial vehicle sales CHAPTERS 📖 (00:00) Introduction (02:01) Lithium Prices and Chinese Regulations (06:55) Impact on Supply and China's Strategy Shift (12:33) US Tariffs on Graphite and Anode Materials (18:00) Graphite Industry Outlook & Silicon Anodes (23:53) US Defense, Rare Earths, and Price Floors (36:50) Global EV Market Trends & BYD Expansion (42:58) Commercial EV Growth and Battery Swapping _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, I attended The Metals Company Strategy Day to gain a first-hand look at the company’s progress, leadership, and investor perspectives. Over the course of the event, I heard from a diverse group of board members, early backers, and strategic advisors—many of whom have deep backgrounds in energy transition, large-scale infrastructure, and venture capital. Their insights underscored why TMC is pursuing a unique opportunity in deep-sea polymetallic nodule collection and processing, and how the company is positioning itself as a pioneer in a new resource industry. Management and board members discussed the long-term need for critical minerals, the regulatory path ahead, and the steps taken to de-risk the project both offshore and onshore. Several speakers noted that TMC has moved from capital-heavy to capital-light strategies, with partnerships, careful cost management, and targeted debt financing helping to weather challenging market conditions. Importantly, the company recently announced a $23.6 billion net present value across its Nori-D and U.S. seabed mining areas—marking a major milestone in its journey toward production. Throughout the day, it was clear that retail investors remain a vital part of TMC’s shareholder base. Many attendees have been supporting the company for years, through both market highs and lows, and their conviction was evident. The management team made a point of recognizing this group’s role in spreading awareness, countering misconceptions, and keeping the conversation active in investor communities. If you’re a retail investor following the critical minerals space—or simply interested in how an emerging industry can reshape global supply chains—this Strategy Day offered valuable insight into both the opportunities and the challenges ahead for The Metals Company. If you found this discussion valuable, please subscribe, like, and comment. CHAPTERS 📖 (00:00) Introduction (01:56) Board of Directors (16:13) OG Investors (29:02) Retail Investors Award Ceremony (31:16) Brian Paes-Braga (33:22) Andrei Karkar (41:23) Gerard Barron (43:47) Nasdaq _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we interview Koby Kushner, CEO of Libra Energy Materials (CSE: LIBR), a new lithium exploration company focused on hard rock projects in Canada. We cover the company’s lean growth strategy, key lithium assets in Ontario and Quebec, the $33M earn-in deal with KoBold Metals, and its approach to M&A in today’s buyer’s market. Topics include: - Low-cost, high-impact exploration methods - Insider ownership and shareholder alignment - Infrastructure advantages for bulk lithium production - Criteria for funding and building lithium projects in Canada - Expansion opportunities beyond Canada - Upcoming exploration results and acquisition plans A must-watch for retail investors following lithium stocks, Canadian mining, and the battery materials sector. CHAPTERS 📖 (00:00) Introduction (02:02) Koby's Background (04:16) Lean Business Strategy for Surviving Market Downturns (09:02) Insider Ownership and Major Stakeholders (10:43) Focus Beyond Lithium and Critical Metals Potential (12:06) $33M Earn-In Deal with KoBold Metals (14:57) Key Neighbors and Competitive Landscape (16:08) Overview of Other Owned Projects (18:59) Infrastructure Advantages for Hard Rock Lithium (21:08) Criteria for Successful Lithium Projects in Canada (23:06) Acquisition vs. Greenfield Exploration Strategy (24:57) Expansion Beyond Canada (25:47) Maintaining a Clean Share Structure (27:47) Upcoming Milestones and Investor Updates _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, Rodney and I sit down with Craig Shesky, CFO of The Metals Company (TMC), to unpack the key takeaways from TMC’s recent Nasdaq Strategy Day, the release of its first-ever nodule reserves, and the detailed Pre-Feasibility Study (PFS). Howard opens with a recap of the event’s unique mix of investor engagement, global shareholder turnout, and industry partnerships, while Rodney leads Craig through the numbers, timelines, and business strategy. Craig outlines the PFS results, including an 18-year mine life, $5.5 billion NPV, low C1 cash costs for nickel due to strong byproduct credits, and the plan for capital-light development using existing assets. The discussion covers the expected Q4 2027 production start date, the role of key partners like Allseas and Korea Zinc, and the roadmap for building U.S.-based refining capacity. We also examine commodity price sensitivities, how TMC’s position on the cost curve offers resilience in volatile markets, and the opportunities arising from global supply challenges—particularly in nickel. Craig provides insight into the Phase Two Initial Assessment for expanded resource areas, projecting significant additional NPV potential, and shares the latest on the commercial recovery permit process, including regulatory engagement at multiple levels of the U.S. government. Whether you’re a long-term TMC shareholder or following the critical minerals space for the first time, this conversation offers a clear, grounded look at the company’s strategy, economic outlook, and operational milestones ahead. If you found this discussion valuable, please subscribe, like, and comment. CHAPTERS 📖 (00:00) Introduction (07:21) PFS Overview and First-Ever Nodule Reserves (10:24) Capital-Light Development Model and Partnerships (15:01) Commodity Price Sensitivity and Market Outlook (18:12) Timeline to First Commercial Production in 2027 (21:00) Phase Two Expansion and Initial Assessment Highlights (25:06) Commercial Recovery Permit Application Update (26:14) Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, Howard and Matt are joined by Former Bear, Chris Robb from Chris Robb Consulting and Uber Bull, YJ Lee of Arcane Capital for an in-depth discussion on the current state of the lithium market and where it could be heading. Chris, with a background in commodity trading and equity analysis, offers insights into the dynamics of lithium pricing, incentive prices needed for new projects, and challenges facing unconventional lithium sources like sedimentary clays and Direct Lithium Extraction (DLE). He emphasizes that even with lithium prices rising, careful project selection remains essential, as high-cost projects may still face difficulties without significant government support. YJ, known for his bullish demand forecasts, provides a thorough analysis of lithium demand driven by rapidly growing electric vehicle (EV) and battery energy storage system (BESS) markets. Drawing on his extensive tracking of global lithium mines and detailed modeling, YJ argues that current demand growth could significantly outpace supply in the coming years, creating potential investment opportunities. The conversation explores critical themes, including: - Forecasts for lithium demand and supply through 2030 - Prospects for unconventional lithium technologies (DLE, sediments, geothermal) - Views on incentive pricing and realistic price scenarios - Implications of geopolitical factors and strategic government investment - The outlook for mergers and acquisitions in the lithium space Both guests share nuanced perspectives on how retail investors might position themselves during this critical period in the lithium market cycle. If you found this discussion valuable, please subscribe, like, and comment. CHAPTERS 📖 (00:00:00) Introduction (00:04:03) Positions & YJ's Bull Case (00:08:32) Price Bottom vs. Upside Debate (00:14:30) Demand vs. Supply & Role of BESS (00:22:03) Storage Tech Improvements (00:24:13) EV Adoption & Battery Sizes (00:31:23) Supply Economics & Incentive Prices (00:47:38) Strategic Supply & China/West Split (00:55:42) Key Players & M&A Outlook (01:05:29) Price Momentum & Investment Takeaways _________________________________________________ Links 🌍 Chris' website: https://crobbconsulting.com/ RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, I'm joined by two top analysts from TD Cowen, John Miller and David Deckelbaum, to discuss the evolving landscape for critical minerals, renewable energy, and commodity markets under the Trump administration's "Big Beautiful Bill." John provides valuable insights from Washington DC, exploring the significant shifts in U.S. government policy related to energy dominance, critical minerals, and recent legislative changes. We discuss the impacts of the administration's executive orders, permitting hurdles, and how the Department of Defense (DOD) is stepping in to strategically support domestic critical mineral projects. David shares his expertise from New York, giving an investor-focused perspective on how these policy changes are affecting key equities in lithium, rare earths, and energy markets. We dig into the sophisticated recent deal between MP Materials and the DOD, discuss the dynamics affecting lithium pricing and oversupply concerns, and explore implications for lithium companies such as Albemarle, Lithium Americas, Lithium Argentina, Piedmont, and Lithium Royalty Corp. We also cover broader investment themes, including whether the recent market recovery in commodity and battery-related stocks has staying power, and how developments in AI, robotics, and trade policy with China could shape the market narrative going forward. This conversation is designed to help retail investors better understand the complex dynamics at play in the critical minerals sector, providing context for informed investment decisions. If you found this interview valuable, please subscribe, like, and comment. CHAPTERS 📖 (00:00) Introduction and Commodity Market Rebound (04:03) Trump Administration's Energy Policy Toolkit (09:37) Permitting Challenges and Renewable Project Delays (14:11) DOE Loan Program Office and Energy Dominance Financing (19:18) Expiration Timeline for Critical Minerals Tax Credit (20:37) DOD Funding for Critical Minerals and Defense Partnerships (31:33) Heavy Rare Earth Sourcing and Recycling Solutions (41:39) David's Coverage of Key Lithium Companies (48:02) Lithium Market Interest and Short Covering Trends (55:40) Trump-Elon Relations and China Trade Deal Implications _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, Howard and Matt sit down with Alicia Milne, CEO of Q2 Metals, and Neil McCallum, VP of Exploration, for an in-depth discussion on recent developments at the company's flagship Cisco lithium project in Quebec’s James Bay region. Key topics discussed include Q2's recently announced exploration target, estimating lithium mineralization at Cisco between 215 and 329 million tons grading between 1% and 1.38% Li₂O, making it potentially one of the largest undeveloped lithium projects globally. We also explore Q2's successful upsized financing of CAD $26 million through a charitable flow-through structure—a transaction significantly oversubscribed by institutional investors and notably executed without warrants or hold periods, highlighting strong investor interest. Neil provides detailed insights into the geology of the Cisco project, discussing current drilling plans, expected timelines for a maiden resource estimate, mineralization extent, and logistics advantages due to Cisco’s proximity to existing rail infrastructure. The discussion offers clarity on Q2’s pathway to ownership of the property and addresses investor questions around potential future dilution and upcoming milestones. For more detailed research reports from Canaccord and Argonaut, please contact us at rockstockchannel@rkequity.com Visit Q2 Metals online at: https://q2metals.com If you found this interview valuable, please subscribe, like, and comment. CHAPTERS 📖 (00:00) Introduction (04:17) Upsized CA$26M Financing & Institutional Participation (09:51) Introduction to Neil (11:05) Geological Rationale and Drill Spacing (14:15) Mineralization Extent and Drilling Plans (19:19) Property Ownership and Option Structure (20:31) Cisco's Size in Relation to Peers (23:03) Maiden Resource Timeline and Upcoming Results (24:15) Infrastructure and Logistics Considerations (25:58) Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://x.com/LithiumIonBull   Rodney: https://x.com/RodneyHooper13   Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we are delighted to welcome our friend and industry expert, Matt Fernley, as a new partner at RK Equity. Howard and Rodney discuss with Matt the dynamics shaping today's critical minerals market, including lithium, rare earths, aluminum, and high-purity manganese. Matt shares insights gained over 25 years as a geologist and equity analyst, highlighting key opportunities in both underappreciated commodities and emerging sectors driven by technological innovation and geopolitical shifts. We explore why a diversified ex-China supply chain is essential for the future of critical minerals, detailing how recent developments in lithium pricing signal potential market recoveries. Matt provides an in-depth analysis of the rare earth market, specifically focusing on the strategic importance of magnet metals such as neodymium and dysprosium. We also discuss the investment prospects in aluminum and bauxite, highlighting factors contributing to tightening supply and increasing demand. Rodney and Matt delve into high-purity manganese, an essential yet underfunded battery material poised for significant growth, and high-purity alumina's critical role in battery technology advancements. The discussion concludes with perspectives on current lithium market trends, insights into recent price movements, and potential catalysts for sustained recovery. We invite viewer suggestions for commodities or stocks to cover in future episodes. Contact us at rockstockchannel@rkequity.com and visit rkequity.com to subscribe to our monthly Lithium-Ion Bull newsletter. Follow Matt Fernley on LinkedIn and X (@matt_fernley) for further analysis and industry updates. Thank you for watching. Please like, comment, subscribe, share and click the notification bell to stay informed on critical mineral investment trends. CHAPTERS 📖 (00:00) Special Announcement: Matt Fernley Joins RK Equity (01:19) Market Context and RK Equity's Investment Strategy (03:04) Parallels with Early-2000s Super Cycle and Emerging Thematics (05:42) Guest Spotlight: Matt Fernley's Career Highlights (10:42) Emerging Opportunities in Specialized Industrial Metals (19:07) Rare Earths: Valuation Metrics and US Strategic Developments (25:58) Comparing Rare Earths and Lithium Markets (30:34) Aluminum: Supply Caps, Inventory Lows, and Investment Outlook (35:34) Specialized Battery Materials: High-Purity Manganese and Alumina (41:43) Lithium Market Update: Short Covering Rally and Outlook (49:04) Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://twitter.com/LithiumIonBull   Rodney: https://twitter.com/RodneyHooper13 _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode of Rock Stock Channel's "Getting To Know You" series, I speak with Bruce Richardson, Executive Chairman and CEO of Anson Resources (ASX: ASN | OTC: ANSNF). We explore Anson's strategic positioning within the North American lithium landscape, with a detailed discussion on their flagship Green River Project located in Utah's Paradox Basin. Bruce shares his extensive background, highlighting his and the management team's deep experience in China and critical minerals. We discuss why Anson pivoted from its initial graphite ambitions to focus on lithium brine extraction, driven by favorable economics and strategic market demand shifts, especially considering recent geopolitical factors. The conversation then centers around Anson’s recent partnership milestones, including a newly signed Memorandum of Understanding (MOU) with South Korean lithium producer POSCO and successful direct lithium extraction (DLE) pilot results in collaboration with Koch Technology Solutions. Bruce explains the distinct advantages of the Green River site, including its impressive infrastructure, relatively straightforward permitting process, high-pressure brine reservoirs, and low impurity profile. We also address Anson’s ongoing plans, including resource expansion drilling, further feasibility studies, final permitting stages, and the company's financing strategy—covering their LOI from the U.S. Export-Import Bank and potential corporate partnerships and offtake agreements. Finally, Bruce touches on Anson’s additional non-lithium assets, including uranium and vanadium at Yellow Cat, and other critical mineral projects in Western Australia, providing insight into potential value-unlocking strategies. This interview aims to help retail investors better understand Anson Resources' unique position in the evolving lithium industry, particularly within the increasingly important context of North American energy security. CHAPTERS 📖 (00:00) Introduction (02:27) Management Team Background & China Expertise (03:30) Strategic Pivot to Lithium and Utah Focus (04:30) Discovery of Paradox Basin Lithium (05:33) Transition Strategy to Green River Project (07:57) Green River Site Attributes & Approvals (09:46) Resource Economics & CapEx Outlook (15:08) Brine Purity & Extraction Advantages (18:29) POSCO Partnership MOU Overview (23:08) Koch Technology Pilot Plant Results (26:29) De-Risking Steps & Path to Final Investment Decision (28:12) Permitting Progress (30:24) Financing Strategy & Offtake Agreements (32:26) Other Critical Minerals Projects (34:52) Anson's Role in the US Lithium Market (40:27) Potential US Listing? (41:08) Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://twitter.com/LithiumIonBull   Rodney: https://twitter.com/RodneyHooper13 _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode myself and Rodney sit down again with Chris Evans, CEO of Winsome Resources (ASX: WR1), for an in-depth discussion on the latest developments within the company and the broader lithium market environment. We cover Winsome’s current valuation and share-price performance, reflecting on factors behind the significant market downturn, particularly within Canadian lithium equities. Chris provides insights into the strategic rationale behind Winsome’s decisions on the Renard diamond mine option—originally seen as a potentially transformative, low-capex opportunity—that the company now cautiously approaches amid changing market conditions. We also explore Winsome’s flagship Adina lithium project in Quebec, highlighting its advantages such as high-grade ore, favourable strip ratios, and simple processing via Dense Media Separation (DMS). Chris updates us on the permitting process, emphasizing recent positive regulatory developments that offer a clear path forward despite challenging market dynamics. Additionally, Chris shares details about Winsome’s promising cesium exploration activities at the Sirmac-Clapier property, noting upcoming exploration milestones and emphasizing Canada’s strategic position in the global cesium market. Finally, we touch on Winsome’s current cash position, its careful cash-preservation strategy, and the potential scenarios for strategic partnerships involving the Quebec government and other stakeholders. As always, this conversation is meant to offer retail investors measured insights into Winsome Resources, the lithium and critical minerals sector, and the nuances of project advancement in challenging markets. CHAPTERS 📖 (00:00) Introduction (06:50) Renard Option Overview & Partnership Dynamics (12:56) Adina Project Strengths & Standalone Value (14:13) Renewable Energy Storage Demand Outlook (17:45) Adina Environmental Permitting Update & Impact Assessment Pathway (20:03) Cesium Exploration Program at Sirmac-Clapier (23:53) Financial Position & Cash Management Strategy (26:56) Strategic Investment Landscape (29:44) Renard Option Deadline (35:56) Closing Remarks _________________________________________________ Links 🌍 Previous Winsome Resources' Episodes: 1. Power Metals and Winsome Resources at PDAC 2025: https://youtu.be/F9EgOFPclx8 2. Winsome Resources' C$1 Billion Lithium Play: High Returns, Low Risk - Chris Evans: https://youtu.be/8mlGlQMrtE4 3. On Site with Winsome Resources: https://youtu.be/bwpjaY98w5E RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://twitter.com/LithiumIonBull   Rodney: https://twitter.com/RodneyHooper13 _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, I speak with veteran battery journalist Steve LeVine (The Electric) and critical materials expert Matt Fernley (Battery Materials Review) about the implications of former President Trump's recently passed "Big Beautiful Battery Bill." We unpack the nuances of this landmark legislation, highlighting why some experts see it as potentially transformative for U.S. battery and critical mineral industries, despite mixed reactions from the broader clean-energy sector. Steve shares insights on how, despite reductions to EV tax credits and renewable energy incentives, the bill allocates significant Department of Defense (DoD) lending authority aimed at boosting domestic battery capacity and possibly enabling strategic joint ventures with Chinese battery makers. The discussion deepens into recent headlines involving MP Materials ($MP) and the Department of Defense's groundbreaking decision to become the company's largest shareholder, alongside a 10-year price-floor commitment for rare-earth magnets. Matt provides critical insights on what this unique development could mean for the broader critical minerals sector and addresses whether similar support mechanisms might emerge for lithium, nickel, graphite, and other essential materials. We also briefly touch on Tesla’s evolving market challenges, political dynamics around U.S.-China collaboration, and the future of robotaxis and autonomous systems, with Steve providing measured skepticism around near-term impacts. This conversation is timely for retail investors seeking clear, nuanced analysis of how recent U.S. policy shifts could reshape investment opportunities across battery technology, critical minerals, and clean energy markets. CHAPTERS 📖 (00:00:00) Introduction (00:00:51) Overview of Trump's Big Beautiful Battery Bill (00:03:07) Steve's Optimistic Take on Battery Provisions (00:07:15) Ford-CATL Licensing Deal and Local Content Rule Revisions (00:08:11) Chinese Partnerships and U.S. Manufacturing Capacity (00:14:53) Supply Push vs. Demand Pull Without EV Incentives (00:22:11) Raw Materials and Critical Minerals Strategy (00:25:43) DoD's Rare Earth Investment (MP Materials) and Price-Floor Mechanism (00:41:54) Tesla, Robotaxis, and Political Dynamics (01:04:42) Closing Remarks _________________________________________________ Links 🌍 The Electric: https://www.theinformation.com/features/the-electric Battery Materials Review: https://www.batterymaterialsreview.com/ RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://twitter.com/LithiumIonBull   Rodney: https://twitter.com/RodneyHooper13 _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, Rodney and I sit down with Raju Daswani (CEO) and Grace Asenov (Base Metals & Energy Editor for North America) of Fastmarkets to discuss key takeaways from their 17th annual Lithium & Battery Raw Materials conference held recently in Las Vegas. We review current market sentiment, including the short-term concerns surrounding oversupply and investor caution, while exploring reasons for longer-term optimism. The conversation covers the strategic importance of developing North American and Western supply chains, particularly in regions like Arkansas, Nevada, and Canada. We examine policy dynamics under the Trump administration, China's continued dominance, and the delicate balance Western companies must strike between competition and cooperation. We also discuss growing demand drivers beyond electric vehicles, such as Energy Storage Systems (ESS) and emerging applications tied to AI. The discussion includes insights into the evolving landscape for lithium financial markets, with exchanges like ICE and CME playing an increasingly important role in price transparency. Retail investors interested in lithium, critical minerals, and broader energy-transition themes will find valuable perspectives on where the industry currently stands, the implications of recent geopolitical developments, and how different regions—including Latin America, Canada, and the Middle East—are positioning themselves for future growth. Stay informed, and remember to keep a long-term perspective as the lithium market continues to mature. Don't forget to like and subscribe to Rock Stock Channel and leave a comment below. CHAPTERS 📖 (00:00) Introduction (00:45) Market Sentiment and Key Growth Drivers (01:53) Short-Term Oversupply Fears and Funding Challenges (07:33) US Policy Impact and the Need for Regulatory Consistency (12:53) Building Western Supply Chains: Arkansas & Canada (14:30) China's Dominance and the Case for Strategic Partnerships (18:06) Technological Innovations: AI, DLE, and Supply Chain Efficiency (20:56) Key Demand Drivers: Electric Vehicles and Energy Storage (25:08) Strategic Lithium Stockpiling (30:45) Exchange Contracts and Market Maturity (36:47) Regional Highlights and Future Outlook (49:43) Closing Event Reflections (55:50) Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://twitter.com/LithiumIonBull   Rodney: https://twitter.com/RodneyHooper13 _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, I sit down with Georgia Tolley at the Fastmarkets Lithium Supply and Battery Raw Materials Conference in Las Vegas to discuss my perspectives on the lithium market and my journey through volatile cycles in mining investment. We cover how I first got involved in lithium and natural resources, sharing insights from my experience working closely with industry legends like Robert Friedland. I address some common misconceptions, particularly around lithium's volatility, and why retail investors should approach it differently from traditional commodities. I also discuss current investor sentiment toward lithium globally, highlighting opportunities and challenges in today's market. Additionally, we explore investment options for retail investors, including ETFs and individual lithium equities, providing context on how to navigate the current downturn and position effectively for future growth. Finally, we touch on my experience growing the Rock Stock Channel and the Lithium-Ion Bull newsletter, highlighting how sharing market insights can support informed investment decisions. Thank you for watching, don't forget to subscribe, like and feel free to leave your thoughts in the comments below. CHAPTERS 📖 (00:00) Introduction (02:54) Career Beginnings and First Foray Into Mining Finance (05:08) Embracing Market Volatility and Key Lessons (09:29) Misconceptions and Market Perceptions of Lithium (10:48) Media Attention and Future Coverage of Lithium (12:19) Global Investor Sentiment on Lithium (14:34) Investment Products: Lithium ETFs (15:34) Rock Stock Channel, Newsletter & Community Engagement (19:47) Key Takeaways and Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannel Podcast:   Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172   Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq X (Twitter):   Howard: https://twitter.com/LithiumIonBull   Rodney: https://twitter.com/RodneyHooper13 _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein