Mines x Metals Showcase at PDAC 2026
The Grizzle Mines x Metals Showcase at PDAC is our favorite event of the year and this one was for the books! We’re witnessing an unprecedented commodity supercycle - with gold pushing $5,000, silver breaking historic resistance, and copper leading a base metals flurry.
We caught up with a great group of CEOs to cut through the noise, uncover the valuation disconnects, and map out exactly what the future holds for commodities in 2026.
Full Conference: X | iTunes | Spotify | YouTube
Cambria Gold Mines (TSXV:CAMB): The Turnaround Playbook | Rob McLeod, CEO
The M&A Trigger: While the metals have moved significantly, mining equities are still catching up, and the real bull market liftoff historically occurs when major M&A activity accelerates. Mid-tier and major producers are under severe pressure to grow, but there is a distinct lack of advanced assets available to acquire. Cambria Gold Mines aims to position itself as a prime acquisition target later in 2026 as these larger companies look to replenish their portfolios.
The Fiore Group Playbook: Cambria was recapitalized by the Fiore Group, which specializes in rescuing “hated assets” that have significant sunk costs. The group successfully executed a $190 million rescue package for the company—formerly known as Ascot Resources—which was on the brink of bankruptcy. This turnaround strategy mirrors the group’s past successes with the Madsen mine (West Red Lake Gold) and the Minto copper-gold mine (Selkirk Copper), where they brought in Tier 1 management to fix undercapitalized operations.
The Core Problem & Solution: The previous management team failed because they did not drill enough tight-spaced holes to properly define the stopes, leaving their brand-new 2,500 ton-per-day mill starved for ore. The new strategy is straightforward: conduct the necessary development drilling and build an access road to the high-grade Red Mountain deposit to finally fill the mill.
Pivoting to Bulk Mining: Because the existing mill is designed to self-grind, it must be completely filled with ore to function properly; it cannot be run at half capacity. To ensure a consistent feed, the new management team is looking at ways to pivot away from difficult, skinny veins and instead focus on bulk mining strategies, including potential open pits. The Red Mountain deposit is perfectly suited for this, boasting measured and indicated grades of nearly 9 grams per ton over massive widths ranging from 15 to 100 meters.
Major 2026 Catalyst: The most significant upcoming catalyst for Cambria Gold Mines will be an updated feasibility study expected near the end of the year. Management’s goal is to use this study to demonstrate the project’s stellar economics to the market, ultimately aiming to emulate the massive value creation seen in successful peers like Skeena Resources.
Silver Viper (TSXV:VIPR): The “Go Big” Blueprint in Mexico | Adam Cegielski, Chairman
Silver’s Fundamental Breakout: Silver has broken out of its traditional $15 to $25 trading range, smashing through the $100 mark before consolidating in the $80s. This fundamental break in the system has brought a massive influx of new capital into the sector, driven by silver’s industrial utility and its role as a hedge against the printing of money.
The Mexico Advantage: Mexico offers some of the richest geological potential for silver globally, backed by a 400-to-500-year history of extraction. The current high-price environment transforms previously marginal shallow projects—often sitting in the top 30 to 50 meters of ground—into highly profitable operations that can quickly generate cash flow. This lucrative dynamic has already helped elevate several local operators into multi-billion dollar companies.
A Tier 1 Turnaround Team: The Silver Viper leadership team has a rich, proven history of developing Mexican assets into major acquisition targets. Their track record includes the development of El Burkino, which was sold to Agnico Eagle for $210 million, and Orco Silver, which was sold to Coeur Mining for approximately $250 million. They have also strengthened their technical roster by bringing in Technical Director Gernot Wober, who previously discovered the Cordero deposit that helped build Discovery Silver into a nearly billion-dollar company.
Aggressive Expansion & Upgraded Economics: The company recently completed a 5,000-meter drill program at its 100% owned La Virginia project, which currently holds about 500,000 gold equivalent ounces. They plan to drill an additional 15,000 meters to aggressively chase a potential multi-million ounce resource. Crucially, upcoming 43-101 resource updates will utilize much higher base metal prices—such as $3,500 to $3,800 per ounce for gold and $50 to $60 per ounce for silver—which will drastically improve the project’s baseline economics compared to older studies.
Immediate 2026 Catalysts: Over the next six months, investors should watch for pending drill results from La Virginia and the initiation of drill programs at new parallel targets. Additionally, the company is expecting the imminent closing of the Caneto project acquisition—a massive 50 million ounce silver asset purchased from Fresnillo—and will be updating the market on potential future M&A activities as they look at all options to create value.
Newcore Gold (TSXV:NCAU): The CIL Pivot and High-Grade Upside | Luke Alexander, CEO
CIL Pivot & $5k Gold: In 2024, Newcore released a Preliminary Economic Assessment (PEA) that outlined a simple open-pit, heap-leach operation based on $1,850/oz gold. However, in today’s robust environment with gold trading over $5,000/oz, the project’s economics have completely changed. After extensive metallurgical test work in 2025, the company shifted to a Carbon-in-Leach (CIL) processing flow sheet for their upcoming Pre-Feasibility Study (PFS). This pivot unlocks significantly higher recoveries ranging from 89% to 98%, compared to the 75% to 85% recoveries modeled in the previous heap-leach scenario.
Institutional Backing: The company recently received a $10.3 million cash injection from the exercise of deep-in-the-money warrants. These warrants were held primarily by five major, deep-pocketed institutional investors who are focused on the long-term potential of the district-scale exploration. Currently, Newcore boasts a massive 55% institutional ownership base, signaling strong, long-term market confidence in the project’s trajectory.
Hunting High-Grade at Depth: The company is currently executing a 45,000-meter drill program, with about 33,000 meters already completed. While the initial focus was on resource expansion and stepping out the mineralized footprint, Newcore has brought diamond rigs back to the site to aggressively chase high-grade shoots at depth. This strategy is already yielding massive intercepts, including 1 meter at 175 grams per ton, 1 meter at 147 grams, and wider intercepts like 25 meters at 3.2 grams, proving out the underlying geological models.
Mid-2026 PFS Catalyst: Despite the strong gold market, Newcore is currently trading at a heavily discounted multiple of roughly 0.15x the Net Present Value (NPV) of the project. Management views the upcoming PFS, targeted for release in June 2026, as a critical de-risking milestone. As the project is de-risked from a PEA to a PFS, the market typically assigns a higher valuation multiple, which is expected to trigger a significant re-rating of the stock.
Consistent News & Alignment: The management team and board of directors are highly aligned with shareholders, holding a combined 13% ownership stake in the business. With the recent warrant capital injected into the company, Newcore is fully funded to expand its drill program well beyond the initial 45,000 meters. Investors can expect a steady and consistent news flow, with drill results anticipated every four to six weeks throughout 2026 and well into 2027.
Anfield Energy (TSXV:AEC | NASDSQ:AEC): The Road to 2027 Uranium Production | Corey Dias, CEO
The US Uranium Squeeze: The United States operates the largest installed base of nuclear reactors globally, consuming roughly 50 million pounds of uranium annually while producing less than one million pounds domestically. Corey Diaz expects this massive supply-demand imbalance to drive uranium prices into the triple digits in the near future. Furthermore, this dynamic is expected to create a bifurcated market where highly coveted, domestically produced uranium will command a premium price over non-U.S. material as domestic utilities and competing parties vie for a secure supply.
The “Manufacturing” Moat: Anfield Energy has strategically separated itself from typical junior exploration companies by securing one of only three conventional uranium mills in the United States. By focusing on controlling their own processing capabilities rather than just exploring for ounces in the ground, Anfield operates much like a manufacturing business. This unique infrastructure asset allows them to dictate their own production timeline and fundamentally shifts them off the traditional mining exploration curve.
Regulatory Fast Lane: The U.S. government is actively pivoting toward domestic energy independence, shifting from distant encouragement to tangible financial and regulatory support. This includes the rollout of Department of Energy (DOE) low-interest loans and Department of Defense (DOD) grants tailored for the mining sector. For Anfield, this highly favorable environment has already resulted in unprecedented, expedited permitting timelines for their assets, clearing major regulatory hurdles at a record pace.
The Production Roadmap: The company has laid out a clear timeline culminating in ultimate uranium production in 2027. In the second half of 2026, Anfield expects to complete construction at the Velvetwood mine and receive its Radioactive Materials License upgrade from the State of Utah. This license approval will trigger a 9- to 12-month refurbishment of their mill facility. By early 2027, the company plans to begin stockpiling mined material so it is ready for processing once the mill is fully operational.
Massive Valuation Disconnect: Anfield is currently one of only about five companies with the realistic capability to produce uranium in the U.S. within the next couple of years. However, there is a severe dislocation in how the market is pricing the stock; the other four capable companies are currently valued anywhere from four to forty times Anfield’s market capitalization. As the company hits its upcoming milestones and closes in on its 2027 production target, management expects this massive valuation gap to shrink considerably
Ecora Royalties (TSX:ECOR | LSE:ECOR): The Base Metal Inflection Point | Marc Bishop Lafleche, CEO
The 2025 Inflection Point: 2025 marked a landmark year for Ecora Resources, serving as a major inflection point for their cash flow profile. For the first time in two decades, over 65% of the company’s revenue base—which totaled $57 million last year—was generated from critical minerals. Furthermore, base metals alone accounted for exactly half of that total revenue.
Copper at the Core: The company has deliberately built its portfolio around copper, which currently represents 50% of its Net Asset Value (NAV). Within their base metals exposure, copper makes up approximately 80% of the mix. The remaining 20% of the portfolio offers diversification through high-quality uranium and rare earths, including exposure to the NextGen Patterson corridor and the Cigar Lake mine.
Tier 1 Quality Focus: When evaluating new royalties, Ecora’s absolute first criterion is the quality of the underlying ore body, as this dictates the cost profile, scale, and mine life. This stringent approach is reflected in their deployed capital, with approximately 80% of their portfolio consisting of Tier 1 projects that sit comfortably in the first or second cost quartiles of their respective commodity complexes.
Aggressive Deleveraging: Despite utilizing their revolving credit facility to acquire a producing $50 million copper stream last year, Ecora successfully executed a rapid deleveraging plan. Assisted by the sale of a non-core development-stage gold royalty, the company ended the year with its net debt reduced to roughly zero.
Massive 2026 Catalysts: Investors can expect continued volume growth at the Voisey’s Bay and Mimbula copper mines throughout the year. Beyond existing production, Ecora is anticipating major development milestones, including a Phase II study for the Mantos Blancos mine expansion (potentially taking it to 100,000 tons), a targeted Final Investment Decision (FID) for Santo Domingo in the second half of the year, and a Definitive Feasibility Study (DFS) for the Phalaborwa rare earth project.
Power Metallic (TSV:PNPN): The Polymetallic Powerplay | Terry Lynch, CEO
The Bull Market “Start Line”: Despite recent commodity price surges across the board, Terry Lynch stresses that the sector has been underinvested for so long that we are only at the “start line” of this cycle, not the finish line. He notes that investors who feel they missed the rally should look at the cash flows of producing companies, which indicate that the sector is actually cheaper now than it has ever been. Furthermore, mining equities and “ounces in the ground” remain incredibly undervalued and have not even come close to catching up to physical metal prices.
The “Duck Bill Platypus”: The company was blessed with an ultra-rare polymetallic discovery, noting there have only been about 20 similar deposits of this nature in the history of the world. Legendary mining investor Robert Friedland compared the asset to a “duck bill platypus” because its massive grades—such as a zone of 10 million tons at 7% copper equivalent—should not logically happen in nature, but they do.
Heavy-Hitter Backing: Power Metallic has attracted an elite roster of mining billionaires and industry veterans. This includes Robert Friedland, who led their last two funding rounds, Rob McEwen, who has participated in their last three rounds, and Gina Rinehart. This “smart money” provides the company with vital capital at rates fair to shareholders and offers invaluable strategic guidance to sharpen management’s daily execution.
Accelerated PEA Catalyst: Lynch highlighted a massive valuation disconnect, comparing his asset to peers like Foran Mining, which successfully sold a roughly 25 million ton deposit at 2.5% for $3.8 billion. To prove to the market that Power Metallic holds a highly viable mine and to force a valuation re-rate, the company plans to bring forward a Preliminary Economic Assessment (PEA) sooner than its original target. Lynch believes this PEA will establish a solid floor and demonstrate that the company is worth three to four times its current value relative to its peers.
Incoming Results & New Messaging: With six drill rigs actively turning, the remaining results from the fall drill program are expected to drop in the next couple of weeks. Taking direct advice from Rob McEwen, the company plans to revamp its market messaging by utilizing PGE and gold equivalents to better highlight the extreme concentration of their high-grade intercepts. This new messaging will help investors easily compare Power Metallic’s 10% to 20% grades against the 1% copper average typically seen around the rest of the world.
Metallic Minerals (TSXV:MMG): A Diversified Critical Minerals Play | Greg Johnson, CEO
The Multi-Metals Profile: Metallic Minerals operates as a multi-metal company with a diverse portfolio that includes copper, silver, gold, platinum, and rare earths. The company’s two primary assets are the La Plata project in Colorado and a high-grade silver project in the Yukon. The La Plata resource already boasts over one billion pounds of copper, 17 million ounces of silver, and nearly 300,000 ounces of combined platinum and gold.
Exploration akin to the “Pharma” Business Model: CEO Greg Johnson compares the modern junior mining sector to the pharmaceutical industry, where smaller companies handle the initial research and discovery phases before larger corporations step in to buy them out or partner for production. This dynamic is already playing out for Metallic Minerals, as Newmont has made a strategic investment in the company related to the La Plata project. Newmont acts as a hands-on partner, holding quarterly technical committee meetings to provide Metallic with deep technical, geological, and engineering expertise.
The “Next Door” Silver Advantage: The company’s second major asset is located in the Yukon’s Keno Hill silver district. This project sits directly next door to Hecla, Canada’s largest silver producer, effectively giving Metallic Minerals ownership of the other half of the district. This strategic positioning is exactly what attracted legendary silver bull Eric Sprott to invest in the company.
The Cash-Flowing Ace in the Hole: Unlike most exploration-stage juniors, Metallic Minerals generates its own cash flow. The company is one of the largest holders of placer, or alluvial, claims in the Yukon’s historic Klondike region, an area that has historically produced 20 million ounces of gold. By securing permits and inviting high-quality, independent operators to mine the ground, Metallic collects a 10% to 15% royalty on the raw gold produced. This steady cash flow provides confidence in soft markets, helps cover corporate costs, and contributes to the exploration of their primary copper and silver assets without the immediate need for outside financing.
2026 Catalysts & Drill Programs: With gold, silver, and copper all breaking to new market highs, the company is launching drill campaigns at both the Keno Hill silver project and the La Plata copper-silver project. Investors can expect a steady stream of news and drill results throughout the year. These campaigns are designed not only to expand the existing resources at both projects but also to drill entirely new, untested targets, potentially adding new resources to the company’s books.
Stillwater Critical Minerals (TSXV:PGE) America’s Next Major Critical Metals Hub | Michael Rowley, CEO
The Polymetallic Play: Stillwater offers a massive, diversified metal profile that gives investors flexibility based on their commodity outlook. The company’s current resource inventory boasts 1.6 billion pounds of nickel, copper, and cobalt, alongside 3.8 million ounces of PGMs (platinum, palladium, and rhodium) and gold, plus an additional 2.3 billion pounds of chromium. Crucially, ten of the metals found in their system are currently listed as critical by the U.S. government.
U.S. Government Tailwinds: The current U.S. administration’s push to build a domestic critical minerals supply chain has been hugely beneficial for the company. Stillwater has garnered high-level political support, with their local Montana Congressman becoming a great champion for the project locally and in Washington D.C.. This shifting dynamic means the government is getting out of the way and acting as a facilitator, which has already made the drill permitting process noticeably easier.
The Glencore Stamp of Approval: While juniors often receive premature project-level buyout offers, Stillwater strategically brought in Glencore strictly as an equity partner to validate the asset before completing feasibility studies. Glencore has written three checks over three years, investing $8.4 million for a 13% equity position. Beyond the financial backing, Glencore acts as a highly engaged partner on the technical committee, actively participating in decisions regarding geophysics and drilling.
The “Next Door” Advantage: The project is located merely half a kilometer from Sibanye-Stillwater, a major global miner. Because Sibanye recently struggled locally and laid off 700 people, Stillwater’s potential expansion has become “political gold” for local politicians looking to bring work back to the community. Additionally, Sibanye operates a smelter, refinery, and recycling complex just 40 miles away in Columbus, which presents massive potential for future infrastructure synergies.
Major Near-Term Catalysts: In the very short term, investors can expect a steady flow of drill results from their expansion campaign, with two holes recently released and six more close behind, followed by specific rhodium results. The biggest upcoming catalyst is an updated Mineral Resource Estimate (MRE) targeted for the April timeframe, which is being handled by the same technical team that worked on Ivanhoe’s massive Platreef deposit. This MRE will lead directly into their largest, fully-funded summer drill program, setting the stage to begin metallurgy and PEA work
Hot Chili (TSX:HCH | ASX:HCH): Expanding the Costa Fuego Copper Hub | Andrea Aravena
15-Year Loyalty & Team Stability: Andrea Aravena, VP of Geology, has been with Hot Chili since September 2011, working her way up from initial field logging and reverse circulation (RC) drilling at the Productora project. The company boasts a highly stable technical team with very low turnover; before a recent hiring wave to support the new drill campaign, the newest geologists on staff already had six years of tenure with the company.
A History of Tripling Down: The company has a proven track record of expanding its resource base, having successfully delineated three major deposits. After completing studies on the Productora deposit in 2016, management realized the project needed more tonnage, leading to the acquisition and 2019 drilling of Cortadera, which effectively doubled the project’s size. Most recently in 2024, they acquired the La Verde asset, located just 30 kilometers south of the main Costa Fuego hub.
The La Verde High-Grade Discovery: Initial RC drilling at La Verde outlined a massive mineralized footprint measuring 1 kilometer long by 700 meters wide, with shallow mineralization extending to depths of 300 to 400 meters. Because the majority of those initial holes ended in mineralization, the company initiated a second phase of diamond drilling last year. Five core holes have already returned exceptional shallow, high-grade intercepts—such as 0.8% copper equivalent starting from just 70 meters depth—confirming a high-grade center measuring 400 meters by 400 meters.
Aggressive Multi-Rig Drilling: Hot Chili is aggressively ramping up its exploration efforts, having just commenced a new campaign this week with an additional RC rig arriving on site. This rig will focus on both regional exploration and crucial infill drilling designed to convert existing resources into reserves. Concurrently, the company is deploying a smaller rig to conduct sampling and test three highly anticipated regional “look-alike” targets.
Major 2026 Catalysts: The company has outlined three primary milestones for the year. First, they are pushing to establish a maiden resource estimate for the new La Verde discovery. Second, they are advancing feasibility studies and value engineering for the flagship Costa Fuego project. Finally, management aims to officially submit the Environmental Impact Assessment (EIA) for Costa Fuego by the end of 2026, while concurrently advancing their critical water assets
Galleon Gold: The Fast Track to Production and 3 Million Ounces (TSXV:GGO) | David Russell, CEO
Path to 3 Million Ounces: Galleon Gold is officially transitioning from an exploration company to a developer. Following four years of extensive diamond core drilling and a Preliminary Economic Assessment (PEA), the company defined 1.56 million ounces of gold on their books in 2022. Aided by gold prices surging well past the $1,700 mark used in their initial studies, Galleon is now aggressively targeting 3 million ounces within the next 24 months. The project benefits from prime infrastructure, located just 13 kilometers outside of Timmins directly on Highway 101.
The Pan American Silver Partnership: Pan American Silver currently holds a 19.9% equity stake in Galleon and provides a $46 million line of credit that can be drawn on at any time. Crucially, Pan American has agreed to custom mill Galleon’s ore at their nearby Bell Creek mill, which currently needs additional feed. This toll-milling arrangement saves Galleon approximately $150 million in upfront capital costs and bypasses years of complex environmental permitting required to build a new mill and tailings facility.
Self-Funding Development: The company is fully financed for its upcoming development phase, boasting over $40 million in the bank alongside the Pan American credit line. Galleon is preparing to mine an underground bulk sample of 86,500 tons of ore at an impressive grade of 8 grams per ton. This program is projected to yield approximately 22,000 ounces of gold, generating around $130 million in sales over the next 18 months to help self-fund future feasibility work and mine development.
Immediate Underground Catalysts: Site development is beginning immediately with a “box cutting” phase to strip away roughly eight meters of glacial sand, gravel, and muskeg left behind by Mother Nature. Once this surface clearing is completed by mid-April, underground contractors will hit the rock face to begin drilling and blasting. Within nine to ten months, the company expects to complete a 1,250-meter ramp system descending at a 10% grade to directly access the main ore body.
Roadmap to Production: Over the next 24 to 30 months, Galleon will focus on gathering data from the bulk sample to complete a Bankable Feasibility Study (BFS), which will accurately define the final capital needed for the full mine build-out. Concurrently, they are working to finalize an Impact and Benefit Agreement (IBA) with their First Nations partners and secure their final operational footprint permit from the Ministry of Mines. Ultimately, CEO David Russell anticipates announcing the opening of a brand-new mine within 36 months.
Viva Gold (TSXV:VAU): Advancing Towards Bankable Reserves in Nevada | Jim Hesketh, CEO
The $5,000 Gold Tailwind: With gold prices approaching the $5,000 per ounce mark, the resulting market excitement makes project funding much more readily available. This influx of capital allows management to significantly accelerate work on their development projects. From a technical standpoint, higher gold prices fundamentally improve project economics by reducing cutoff grades, which enables the company to bring more resources into the overall pit design.
The Nevada Advantage: Operating in Nevada provides an unmatched supply chain for mine development. The project is situated just three and a half hours from the world’s largest heavy equipment dealers in Las Vegas and three hours from the only sodium cyanide producer in the Western United States. Furthermore, the state boasts highly experienced regulators at the Bureau of Land Management who deal with mining projects daily, ensuring a clear and efficient permitting process. The rural communities surrounding the project are also composed of miners who are highly supportive, eliminating the risk of “not in my backyard” pushback.
Transitioning from Resource to Reserve: Viva Gold is actively transitioning from being an exploration-focused resource company to a reserve-based development company. The company’s current drill program is strictly focused on increasing drill density across the deposit. By establishing tighter drill spacing, the team will improve the confidence level of their gold resource, officially upgrading it from the inferred category into the measured and indicated categories.
Bankable Economics: The company has officially announced the commencement of a Pre-Feasibility Study (PFS), with certain components being engineered to a full feasibility and design level. This critical study goes beyond just designing a pit; it provides higher-order cost estimates and significantly reduces project uncertainty. Most importantly, completing this work establishes a proven and probable mine reserve, which is the key metric required to make the project bankable for future financing.
The Two-Year Permitting Roadmap: Viva Gold is currently conducting environmental baseline studies alongside their feasibility work to finalize a comprehensive “plan of operations”. This detailed plan will outline exactly how the mine will interact with the environment—including plant designs, leach pads, and waste dumps—and will be submitted to regulators to initiate the Environmental Impact Statement (EIS). The company aims to move straight into the EIS study early next year, which serves as the formal pathway to obtaining mine permits. Management’s ultimate game plan over the next two years is to navigate this permitting process while simultaneously initiating discussions for project financing.
First Phosphate (TSXV:PHOS): North America’s LFP Battery Supply Chain | John Passalacqua, CEO
The 60% Cathode: A frequently overlooked reality of the battery metals space: the cathode of a Lithium Iron Phosphate (LFP) battery consists of a significant 60% phosphate, compared to just 4% lithium and 30% to 35% iron. Establishing a localized North American supply chain for this material is critical, as LFP batteries are essential for broad end-uses, including energy storage systems, drones, military applications, and electric mobility.
High-Tech, Not Fertilizer: The company mines a rare, ultra-pure igneous anorthosite phosphate rock in the Saguenay-Lac-Saint-Jean region of Quebec. Unlike the common sedimentary rock traditionally used for fertilizer - which contains heavy metal “nasties” like cadmium, uranium, and thorium - this igneous rock converts almost completely into battery-grade phosphoric acid. This pristine purity allows First Phosphate to operate exclusively as a high-technology battery materials supplier rather than a legacy fertilizer producer.
30% Capex Cut: In a highly favorable regulatory shift, the Canadian government recently passed a budget amendment adding phosphate to its “A-list” of clean-tech critical minerals. This crucial designation makes the company eligible for the Canadian Mineral Exploration Tax Credit (CMETC), providing an extra 30% tax credit for flow-through investors. More importantly, it triggers a 30% refundable tax credit that applies to building downstream facilities, including the mine, concentrator, phosphoric acid plant, and LFP-CAM production plant, effectively slashing future capital expenditures for the build-out by nearly a third.
Prepaid Offtake: The company is fully funded for its upcoming phases with over $20 million in the bank and is executing a clear plan to achieve initial mine production by 2029.
Immediate 2026 Catalysts: The company is wrapping up its second and final drilling program, which is slated for completion by the end of April, with assay results expected shortly after. Once those results are finalized, the board will make a formal decision to advance into a fully funded feasibility study, targeted for completion by the end of 2026. Concurrently, they are advancing their final metallurgical studies to upgrade their flow sheet from bench and pilot scales up to a full concentrator-grade process.