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Daniel Okoye

Mining and Resources Correspondent · 9 years covering exploration and development

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Daniel reports on Canadian mining from exploration through permitting, with a focus on gold, copper and critical minerals.

Beats: Mining, Commodities, Venture

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Published work

Mining & Energy

Myriad Uranium Closes Its 55,000-Hectare Los Altares Purchase in Argentina

Myriad Uranium closed its purchase of the Los Altares project in central Chubut, Argentina, on November 2, 2026, taking 100 per cent of about 55,000 hectares beside Argentina's best-known uranium district for C$300,000 in cash, 1,571,268 shares and a 2 per cent royalty. The company plans to compile the roughly 12,500 metres of historical drilling and test the sandstone for in-situ recovery; no resource has been estimated on the property.

By Daniel Okoye6 min readM.CN

Mining & Energy

Kinross Gold's Third Quarter: 425,000 Ounces After a Lower 2026 Forecast

Kinross Gold produced 424,693 attributable gold equivalent ounces in the third quarter of 2026, in line with the figure it gave on September 23 when it lowered its 2026 forecast to 1.84 to 1.86 million ounces. Net earnings were US$583.2 million and net cash US$1.9 billion at September 30. Great Bear's declines passed 500 metres and Round Mountain Phase X stays on track for 2028. Two contractor employees died after separate September incidents at Bald Mountain.

By Daniel Okoye7 min readK.TO

Macro

How Canada's Uranium Gets Priced Years Before It Is Mined

Canada produces about a quarter of the world's uranium and exports nine-tenths of it, almost all under long-term contracts. Cameco's third quarter of 2026 shows how those contracts work: a realized price well below the spot quote, a narrowed forecast after a longer Key Lake shutdown, and a contract book that ties future prices to the market inside floors and ceilings.

By Daniel Okoye7 min read

Mining & Energy

F3 Uranium's Strongest Exploration Hole: 4,400 cps Outside JR and Tetra

F3 Uranium reported on 21 October that hole PLN26-232, drilled about a kilometre east of its Tetra Zone discovery in Saskatchewan's western Athabasca Basin, returned 4,400 counts per second on a handheld spectrometer, its strongest reading in an exploration hole away from its known zones. A second drill rig is following it up. F3 ended its fiscal year on 30 June 2026 with C$22.7 million in cash and term deposits. That leaves the follow-up drilling funded. Assays are pending, and this week's option and RSU grants are routine compensation filings.

By Daniel Okoye7 min readFUU.V

Mining & Energy

Vault Strategic Plans a Technical Report and Drill Permit Applications at War Bond

Vault Strategic Mining closed a C$1.5 million placement on September 29, 2026 and on October 19 released processed maps from a 73.6 line-kilometre drone magnetic survey at War Bond, its historical tungsten property in western Nevada. The company says the data will feed its first NI 43-101 technical report, follow-up surface work and drill permit applications. The survey maps rock magnetism rather than tungsten grade, and no dates for those steps have been published.

By Daniel Okoye6 min readKNOX.V

Mining & Energy

Uranium One Adds a 14-Year Exploration Geologist for Its First Athabasca Season

Uranium One Mining engaged Saskatoon geologist Adrian Huerta Ruiz on October 23, 2026 to help plan its first field season in the Athabasca Basin, where it holds the Nucleon and Quark claims and has agreed to acquire Pasfield Lake. The company held C$2.87 million in cash at June 30, 2026, with about C$1.55 million committed to Canadian exploration.

By Daniel Okoye7 min readUUU.CN

Mining & Energy

Panama's President Weighs 17 Recommendations on First Quantum's Cobre Panamá

Panama's interministerial commission recommended on September 30, 2026 that President José Raúl Mulino open formal negotiations with First Quantum Minerals over Cobre Panamá, aimed at a restart that funds an orderly closure at no cost to the state and ends the pending arbitrations. The president had not authorized talks as of October 9. Stockpiled ore is being processed under an April approval, and First Quantum reports third-quarter results on October 28.

By Daniel Okoye9 min readFM.TO

Macro

How Canada Sells the Copper It Mines

Steelworkers began strike action at Highland Valley Copper near Logan Lake on October 24, and Teck said the mine was running at reduced capacity. The mine produced 127,100 tonnes of copper in 2025, about a quarter of Canada's estimated output. Most Canadian copper leaves the country as concentrate, sold to smelters on terms that Teck says reached record lows this year, while refined Canadian copper goes almost entirely to the United States.

By Daniel Okoye8 min read

Macro

Canada's Three Newest Gold Mines Made 187,000 Ounces in One Quarter

Three gold mines that began processing ore in 2024 and 2025, Côté and Greenstone in Ontario and Valentine in Newfoundland and Labrador, together produced about 187,000 ounces in the third quarter of 2026 on a 100 per cent basis. Valentine ran at its design rate, Côté set a monthly record above it in September, and Greenstone processed about 88 per cent of its nameplate. How a new mine climbs to full speed, what each company said it would reach, and what the three add to Canadian output.

By Daniel Okoye8 min readIMG.TOEQX.TO

Mining & Energy

Kamoa-Kakula's Final Quarter: The Mine Needs 78,000 Tonnes to Reach Guidance

Kamoa-Kakula produced 212,146 tonnes of copper in the first nine months of 2026, per Ivanhoe's own quarterly figures, so the fourth quarter needs about 77,854 tonnes to reach the low end of the 290,000 to 310,000 tonne range. The third quarter delivered 76,401 tonnes. Ivanhoe reports third-quarter financials on November 3, with Platreef and Kipushi also in the results.

By Daniel Okoye8 min readIVN.TO

Mining & Energy

US$3.5 Billion After Tax: Aya Gold & Silver Files Its Updated Boumadine Study

Aya Gold & Silver filed the full NI 43-101 technical report for its updated Boumadine preliminary economic assessment on October 20, 2026: an after-tax NPV of US$3.5 billion and a 93 per cent IRR at US$50 silver, a 14-year flotation mine and US$463 million of initial capital, a week after it reported record third-quarter production of 2.03 million silver-equivalent ounces. The study is preliminary and 84 per cent of its resource tonnage is inferred; the feasibility study the company expects next year is the next step, and third-quarter financial results follow on November 12, 2026.

By Daniel Okoye10 min readAYA.TO

Mining & Energy

F3 Uranium in Toronto: Ross McElroy Presents the JR Zone as Chief Executive

F3 Uranium said on October 20, 2026 that chief executive Ross McElroy will present at Red Cloud's Fall Mining Showcase in Toronto on October 29. He returns to investors with an 11.8 million pound indicated resource at the JR Zone, a summer program that cut altered rock near the Tetra Zone, and flow-through money raised in April.

By Daniel Okoye7 min readFUU.V

Mining & Energy

How a US$60 Million Offer Would Divide Lithium Africa's Springbok Project

Lithium Africa Corp. said on October 20 that it has two non-binding offers to fund its Springbok spodumene project in South Africa's Northern Cape: a US$60 million cash investment for 55 per cent of a new holding company, and a prepayment facility tied to three years of offtake. Both need due diligence and definitive agreements. The shares closed at C$2.00, up 37.93 per cent, on 167,764 shares.

By Daniel Okoye7 min readLAF.V

Mining & Energy

Vault Strategic Completes a 73.6 Line-Kilometre Magnetic Survey at War Bond

Vault Strategic Mining has completed a 73.6 line-kilometre drone magnetic survey at War Bond in Nevada and received the processed maps. The results build on its surface sampling and will help refine drill targets, support permit applications and inform the project's maiden NI 43-101 technical report. A C$1.5 million placement closed in September provides fresh funding for exploration and general corporate purposes; drilling remains subject to technical evaluation, permits, funding and access.

By Daniel Okoye8 min readKNOX.V

Mining & Energy

TAG Oil Falls 53% as Its Egyptian Well Waits for an Acid Treatment

TAG Oil's T-200 well in Egypt's Western Desert reached 4,160 metres and logged 14 metres of oil-bearing limestone, but no formation oil reached surface over the final 48 hours of a nitrogen clean-up. The company has shut the well in, plans an acid treatment and a re-test, and will update with its third-quarter results on 25 November 2026. The shares roughly halved on about 58 times their usual volume.

By Daniel Okoye6 min read[TAO.V]

Macro

Three Miners Head Into the Quarter That Settles Their 2026 Guidance

Production guidance is the forward-looking number a Toronto-listed miner is judged against all year, and Canada's disclosure rules require a reasonable basis for it and a discussion in the MD&A when events make a material miss likely. With nine months reported, Equinox Gold needs about 258,500 ounces in the fourth quarter to reach its range, Ivanhoe Mines needs about 77,900 tonnes of copper at Kamoa-Kakula, and B2Gold reports its third quarter on November 4.

By Daniel Okoye7 min read

Mining & Energy

How Uranium One Built Its Uranium Position in One Spring

Uranium One Mining Corp. (CSE: UUU) began field work at its Nucleon property in the Athabasca Basin on April 14, 2026, completed the acquisition of Quark Uranium Ltd. on April 22, took its present name on April 27, closed a C$3,008,401 financing on May 27 and signed an agreement in June to acquire the Foghorn and Pasfield Lake properties for 27,060,000 shares. Its interim statements to June 30, 2026 show cash of C$2,868,144 against total liabilities of C$244,593. The shares closed at C$0.20 on October 16, 2026.

By Daniel Okoye10 min readUUU.CN

Mining & Energy

Vault Strategic Samples 1,100 ppm Tungsten at War Bond in Nevada

Vault Strategic has reported surface samples of up to 1,100 ppm tungsten at War Bond in Nevada, started a magnetic survey programme and closed a C$1.5 million financing. The results and funding provide a practical foundation for follow-up exploration. A technical report and drill-target work are the next steps; the project’s scale and economics remain to be established.

By Daniel Okoye6 min readKNOX.V

Mining and Resources

26% of Aya's Record Quarter Came From a Stockpile

Aya Gold & Silver Inc. (TSX: AYA) reported record third-quarter production of 2,034,628 silver equivalent ounces on 2026-10-14, up 51 per cent year on year and 21 per cent on the second quarter. Reclaimed pyrite at Boumadine supplied 536,879 of those ounces, about 26 per cent of the total, against 11 per cent in the prior quarter. Silver production at Zgounder rose 0.6 per cent quarter on quarter. The shares closed at C$36.00, up 3.5 per cent.

By Daniel Okoye7 min readAYA.TO

Mining and Resources

Myriad Uranium Agrees to Buy 55,000 Hectares Beside Cerro Solo

Myriad Uranium Corp. (CSE: M; FSE: C3Q) agreed on October 9, 2026 to acquire Buenavida Metales S.A., which holds 23 uranium properties covering 55,013 hectares in central Chubut, Argentina, for C$300,000 in cash, 1,571,268 shares and a 2% net smelter return royalty. The ground flanks the state-held Cerro Solo deposit. No mineral resource has been estimated on it, and the 12,500 metres of historical drilling on the claims has not been verified.

By Daniel Okoye8 min readM.CN

Mining and Resources

Is Future Fuels' C$8 Million Raise Priced Above the Market?

Future Fuels Inc. halted its shares on 8 October 2026 and announced a best-efforts brokered private placement of up to C$8 million, with Red Cloud Securities as sole agent. Trading resumed on 9 October and the stock closed at C$0.285, down 23.0 per cent and below the C$0.32 price of the units being sold. The Thanksgiving weekend gives the market four days before it can act on the terms, and the arithmetic of what those terms would do to the share count is already on the page.

By Daniel Okoye7 min readFTUR.V

macro

Why Canadian Juniors Close Their Drill Financings in December

Canadian explorers intend to spend C$5.3 billion in 2026, with junior companies accounting for C$2.91 billion of it, according to Natural Resources Canada's survey published in April 2026. Most of that junior money is raised through flow-through shares, an instrument whose timetable is written into the Income Tax Act. Here is what a flow-through share is, the dated sequence the look-back rule imposes from December to the following December, the charge that applies if the money is not spent, and why the Act pins every dollar of it to ground inside Canada.

By Daniel Okoye8 min read

Mining and Resources

20,000 Ounces Separate What DPM Metals Made From What It Sold

DPM Metals reported third-quarter production of 97,000 gold-equivalent ounces on October 8, 2026 and said it now expects the high end of its 2026 guidance. The same release shows 77,000 payable ounces sold. At Vares, the mine that declared commercial production in August, 45,000 ounces produced became 30,000 sold. The shares closed at C$54.42, up 4.7 per cent.

By Daniel Okoye7 min readDPM.TO

Mining & Energy

Nothing Changed Hands: Myriad Takes Back 24 Arizona Uranium Pipes

Myriad Uranium (CSE: M) said on 7 October 2026 that it has terminated the option agreement over its Arizona Breccia Pipe Project, executed on 9 June 2026, and re-assumed 100 per cent ownership of 24 breccia pipe prospects, with no consideration payable by either party. It has also acquired the State lease covering the Wate Pipe. Ownership is now complete and the geological case behind it sits several rungs below a resource.

By Daniel Okoye7 min readM.CN

Mining & Energy

Why DPM Metals' Own Outlook Stops Short of a Million Ounces

DPM Metals Inc. (TSX: DPM) guides to 305,000 to 365,000 gold-equivalent ounces in 2026 and publishes an outlook averaging about 350,000 a year through 2028. Adding Čoka Rakita at its feasibility-study rate gets to roughly 530,000. The chief executive's own public figure is about 600,000. The million-ounce target circulating among shareholders is an inference drawn from an interview, not guidance, and the two assets that could close the gap have no published resource estimate.

By Daniel Okoye7 min readDPM.TO

Mining & Energy

QIMC Finds a Wet-Gas Signature in 86% of Nova Scotia Soil Samples

Québec Innovative Materials Corp. (CSE: QIMC) reported on 6 October 2026 that 86 per cent of classified soil-gas samples at New Salem-Apple River, Nova Scotia, carry a thermogenic wet-gas signature. More than 1,000 analyses provide the company’s largest and most internally consistent dataset at the property, strengthening the case for further exploration. The results identify gas reaching surface; seismic and drilling are needed to establish the characteristics of the system below.

By Daniel Okoye7 min readQIMC.CN

Energy

Cenovus Agrees to Buy Athabasca Oil, and the Terms Are an Election

Athabasca Oil Corporation (TSX: ATH) agreed on October 5, 2026 to be acquired by Cenovus Energy Inc. (TSX: CVE) in a cash and share transaction implying about C$5.8 billion of equity value. Athabasca closed at C$12.01, above the C$12.00 cash election, on nine times average volume. The consideration is subject to pro-ration, the share leg floats with the Cenovus price, and neither release discloses a break fee or the shareholder approval threshold.

By Daniel Okoye9 min readATH.TO

Mining and Resources

What Is Inside Apex's Longest Rare Earth Intercept?

Apex Critical Metals Corp. (CSE: APXC, FWB: KL9) reported on October 5, 2026 that step-out drilling extended the Trinity Zone at its Rift project in Nebraska about 200 metres down dip to the west, returning 3.55 per cent rare earth oxide over 116.0 metres and 2.35 per cent over 171.5 metres in core length. The drilling is real and the grades are among the project's best. The release carries no cut-off grade, no downhole depths and no oxide-by-oxide assay, and Rift has no mineral resource estimate.

By Daniel Okoye9 min readAPXC.CN

macro

Five Categories Decide What a Canadian Miner May Publish

Twenty of the twenty-three stories The Maple Markets ran last week turned on the gap between a mining milestone and a mining result. Canadian securities law draws that gap in writing: NI 43-101 forbids an issuer from publishing a quantity or grade for any deposit it has not placed in one of five categories. Grid Metals, Lundin Gold, Hudbay and Aris Mining each sat on a different rung of that ladder in the same seven days.

By Daniel Okoye10 min read

Mining and Resources

Evergold Drills 7.7 Grams of Gold a Tonne at Its Golden Lion Project

Evergold Corp. (TSXV: EVER) reported assays on 2 October 2026 from the first six of sixteen 2026 holes at the GL1 zone of Golden Lion in northern British Columbia. Hole GL26-031 returned 4.9 metres at 7.70 g/t gold and 186.0 g/t silver. All six holes hit gold. The shares closed at C$0.36, down 20 per cent, on about nineteen times average volume. True widths are not known, assays are uncapped, and ten holes remain at the laboratory.

By Daniel Okoye8 min readEVER.V

Mining and Resources

QIMC Hires a Calgary Firm to Process 50 Kilometres of Seismic

Quebec Innovative Materials Corp. (CSE: QIMC) engaged Calgary’s Earth Signal Processing Ltd. on October 1, 2026 to process about 50 line-kilometres of two-dimensional seismic from Apple River and Bennett Hill, Nova Scotia. The appointment adds experienced processing support to a better-defined hydrogen and helium exploration programme. The images can help focus drilling targets, while pressure and flow measurements remain later steps with no announced date.

By Daniel Okoye8 min readQIMC.CN

Mining and Resources

Grid Metals Reported Its First Resource, and a 90-Day Clock Started

Grid Metals Corp. (TSXV: GRDM) published a maiden measured resource at its Lucy South cesium deposit in southeastern Manitoba on 30 September 2026 and the shares rose 13.3 per cent to a 52-week high. The estimate is 51,500 tonnes at 2.58 per cent Cs2O. Under the July joint venture with Avenir Minerals, the announcement also starts a 90-day window in which Avenir may subscribe for up to 19.99 per cent of Grid's shares at a 10 per cent premium to a 30-day average price.

By Daniel Okoye8 min readGRDM.V

Mining and Resources

93% of Aya Gold and Silver's Revenue Came From Silver

Aya Gold & Silver reported US$96.8 million of revenue for the June 2026 quarter, of which US$90.3 million came from silver and US$6.5 million from pyrite. No gold revenue line appears. The pure-play silver description that circulates among shareholders is supported by the current filings, and the Boumadine deposit Aya is drilling with 14 rigs is polymetallic enough to end it.

By Daniel Okoye7 min readAYA.TO

Mining and Resources

B2Gold Drills 10.9 Grams a Tonne at a New Goose Zone

B2Gold reported drill results from the Back River gold district in Nunavut on 28 September 2026, including 10.94 grams of gold per tonne over 9.95 metres from a single hole at a newly named zone called Tattuk, about 150 metres down plunge from Nuvuyak. The same release reaffirmed Goose mine guidance of 170,000 to 200,000 ounces of gold for 2026 and contained no production, grade, recovery or cost figures for the quarter.

By Daniel Okoye8 min readBTO.TO

Mining and Resources

Capstone Copper Sold Cozamin Four Days Before a Royalty Claimant Disclosed a Prosecutor's Demand

Royalties Inc. reported on September 25, 2026 that the Zacatecas state prosecutor's office served Capstone Copper's Mexican subsidiary with a demand to produce mine records for a criminal investigation, on a document it dates September 7, 2026. Capstone announced the sale of Cozamin to Luca Mining for up to US$385 million on September 21, 2026, in a release that does not mention the royalty, the litigation or the investigation. Capstone has published nothing on the demand. The claimant's own estimate of its claim is US$50 million.

By Daniel Okoye8 min readCS.TO

Mining and Resources

A Discovery Geologist Takes Over at F3 Uranium, and the Same Release Sets a 10-for-1 Consolidation

F3 Uranium named Ross McElroy chief executive and director effective 24 September 2026, with Dev Randhawa moving to executive chairman. The same release announced a 10-for-1 share consolidation, still subject to TSX Venture Exchange acceptance and without an effective date. F3's JR Zone carries an initial indicated resource of 11.8 million pounds of U3O8 at 4.39 per cent, and the company's most recent drill holes have been reported on radiometric readings alone.

By Daniel Okoye7 min readFUU.V

Mining and Resources

Global Atomic Priced C$50 Million of Stock at C$0.50, and the Shares Closed Below It

Global Atomic Corporation, the Toronto-listed developer of the Dasa uranium mine in Niger, priced 100 million units at C$0.50 on 23 September 2026 for C$50 million of gross proceeds. The shares fell 16.04 per cent to C$0.445, below the issue price, on 9.79 million shares on the Toronto exchange. The raise follows a 74 per cent increase in the project's direct cost estimate disclosed on 18 September and a conditional loan approval on 16 September that carries five unmet conditions.

By Daniel Okoye10 min readGLO.TO

Mining and Resources

Japan Gold Rose 81 Per Cent on a Deal That Puts C$10.5 Million in Its Treasury

Japan Gold Corp. closed at C$0.145 on 23 September 2026, up 81.25 per cent from C$0.08, after announcing an exploration alliance with Solidcore Resources plc, two placements priced at a 50 per cent premium, the conversion of all its convertible debt and a royalty sale to OR Royalties. The company will be debt-free with roughly C$10.5 million of new equity, 36 per cent more shares, and still no mineral resource estimate anywhere in a portfolio it has been assembling for a decade.

By Daniel Okoye8 min readJG.V

Mining and Resources

Behind Encouraging at Myriad Uranium: 83.9 Per Cent of the Uranium Into 29.3 Per Cent of the Rock

Myriad Uranium Corp. (CSE: M; FSE: C3Q) reported on September 22, 2026 that high-pressure slurry ablation testing by DISA Uranium Corporation concentrated 83.9 per cent of the uranium in a 306 ppm feed into 29.3 per cent of the mass, lifting the concentrate to 929 ppm. A second interval put 90.6 per cent into 37.5 per cent of the mass. The release quantifies feed grade, product grade, mass split and recovery, which is more than the word encouraging usually carries. It is also a laboratory test on about 50 kilograms of core, at a project whose resource estimates are historical.

By Daniel Okoye7 min readM.CN

Mining and Resources

Barksdale Resources Rose 19.1 Per Cent on a C$14 Million Placement and a Complete Change of Management

Barksdale Resources Corp. (TSXV: BRO) closed at C$0.28 on September 22, 2026, up 19.1 per cent on nineteen times average volume, after announcing a C$14.0 million private placement at C$0.18 per unit, the settlement of its convertible debenture, a new chairman and chief executive, a proposed ten-for-one share consolidation and a proposed name change to Arizona Standard Copper Inc. The placement and the debt settlement together would lift the share count by about 52 per cent before any warrant is exercised.

By Daniel Okoye7 min readBRO.V

Mining and Resources

A 141.5-Metre Gold Intercept, 1.29 Million Indicated Ounces and No Economic Study at Sitka Gold

Sitka Gold Corp. (TSXV: SIG) reported 141.5 metres at 1.93 g/t gold at Blackjack on 21 September 2026 and closed at C$1.07, up 7.0 per cent on 2.3 times average volume. Taken in order, the filings behind it describe a Yukon project with 1.29 million Indicated and 3.83 million Inferred ounces, a five per cent royalty granted last month, C$30.6 million of flow-through money that must be spent by 31 December 2026, and no economic study of any kind.

By Daniel Okoye9 min readSIG.V

Mining and Resources

Myriad Uranium Slid 10.0 Per Cent While Only One Fund Filing Supported the Flow Story

Myriad Uranium Corp. (CSE: M) closed down 10.0 per cent at C$0.4275 on 21 September 2026 with no filing behind the move and nothing released since 10 September. One part of the buying story is documented: a uranium ETF publishes a holding of 5,153,552 shares. The other claims are unverified. Underneath them sits real drilling at Copper Mountain, Wyoming, a historical estimate from 1979, and no current mineral resource estimate.

By Daniel Okoye9 min readM.CN

Mining and Resources

A Swiss Letter of Support Puts US$212.5 Million Beside First Phosphate's Quebec Mine

First Phosphate Corp. (CSE: PHOS) said on 16 September 2026 that Swiss Export Risk Insurance had issued a Letter of Support covering roughly US$212.5 million for its Bégin-Lamarche phosphate project in Quebec. The sum is 85 per cent of an assumed US$250 million Swiss supply contract that has not been signed, and it sits against an initial capital cost the company's own 2024 economic study put at C$675 million.

By Daniel Okoye8 min readPHOS.CN

Mining and Resources

A Forest Service Clock Started for Homeland Nickel, but Drill Approval Has Not Arrived

Homeland Nickel Inc. (TSXV: SHL) said on September 17, 2026 that the United States Forest Service had accepted its plan of operation for a sonic drill programme at Red Flat, Oregon, and that environmental and cultural review was well underway, including completed fieldwork. The company hopes to drill in October. The same release was reissued the same day because its paid-promotion disclosure described a video interview with another company's chief executive.

By Daniel Okoye7 min readSHL.V

Mining and Resources

Global Atomic Has a US$414.2 Million Approval From Washington and Five Conditions Before It Draws

Global Atomic Corporation (TSX: GLO) was halted on 16 September 2026 and announced that the board of the U.S. International Development Finance Corporation had approved a debt facility of up to US$414.2 million for the Dasa uranium project in Niger. The shares closed at C$0.71, up 44.9 per cent on more than seven times average volume. The facility exceeds the US$327.9 million still budgeted for construction, and five conditions stand between approval and a drawdown.

By Daniel Okoye7 min readGLO.TO

Mining and Resources

Prospect Ridge Has Reported 979 Metres of Excalibur Core and Not One Assay From It

Prospect Ridge Resources Corp. (CSE: PRR) reported long intervals of alteration and sulphide mineralisation in the first two holes at its Excalibur copper-gold project in British Columbia on 10 September 2026, with assays still at the laboratory. On 15 September the shares closed at C$0.09, up 38.5 per cent, on 6.18 times their average exchange volume, with nothing new filed. What the logs describe, and what they cannot, is the whole question before Wednesday's open.

By Daniel Okoye6 min readPRR.CN

Mining and Resources

First Phosphate Has Two Binding Offtakes and Ottawa's Money; the Economic Study Is Next

First Phosphate Corp. (CSE: PHOS, FSE: KD0) has signed two definitive offtake agreements covering 200,000 tonnes a year of phosphate concentrate and 60,000 tonnes a year of phosphoric acid, both confirmed independently in a Government of Canada backgrounder, and has C$21.54 million of non-repayable federal funding under contract. The indicated resource at Bégin-Lamarche has grown nearly fivefold since 2024. What is still missing is the economic study that would price the mine, and neither buyer is named.

By Daniel Okoye9 min readPHOS.CN

Mining and Resources

Homeland Nickel's Oregon Drill Plans Are Filed and in Review, and No Forest Service Page Shows a Decision Date

Homeland Nickel has filed four Plans of Operations on its Red Flat and Cleopatra nickel laterite properties in Oregon and, the company says, the Forest Service has them in environmental review. The September approval dates in circulation appear on no agency page, the two Forest Service project records for the ground name a different applicant, and a 2016 federal withdrawal covering about 101,000 acres of the same two counties is absent from the discussion. The placement announced on August 27 had no closing release as at September 11, 2026.

By Daniel Okoye11 min readSHL.V

Mining and Resources

Apex Critical Metals Drilled 22,000 Metres in a Year After Re-Reading Core Cut in the 1970s

Apex Critical Metals Corp. (CSE: APXC) acquired rare earth rights around NioCorp's Nebraska niobium deposit in October 2025, re-logged and re-sampled drill core that Molycorp cut between 1973 and 1986, and by September 8, 2026 had completed 34 holes for roughly 22,000 metres against an original plan of 8,000. The execution is real and so are the limits: there is still no mineral resource estimate at Rift, and the company says so in the same releases that carry its best numbers.

By Daniel Okoye8 min readAPXC.CN

Mining and Resources

Myriad Uranium's First Three Holes at Gem Are Shallower and Thicker Than Anything at Lucky Cliff

Myriad Uranium Corp. (CSE: M, OTCQB: MYRUF, FSE: C3Q) reported three holes for 507 metres at the Gem deposit on its Copper Mountain project in Wyoming on September 10, 2026, with 21 radiometric intervals above 100 ppm equivalent uranium oxide. The longest runs 34.90 metres at 210 ppm from 10.65 metres downhole. Every figure is a downhole gamma estimate awaiting laboratory verification, and the company has not said when those assays are due.

By Daniel Okoye8 min readM.CN

Mining and Resources

Juggernaut Exploration Fell 35 Per Cent the Day Its First Big One Gold Assays Replaced the Visuals

Juggernaut Exploration Ltd. (TSXV: JUGR) published its first drill assays from the Big One property in British Columbia on September 10, 2026, reporting a best result of 3.08 g/t gold over 5.03 metres of core length in hole BO-26-11. The two holes the company had headlined in August for their visual mineralisation returned 0.47 g/t over 1.16 metres and no gold interval at all. The shares closed at C$0.63, down 35.0 per cent, on roughly seven times average volume, with no financing, halt or exchange bulletin behind the move.

By Daniel Okoye8 min readJUGR.V

Mining and Resources

Surge Battery Metals Cleared a Water Protest at Nevada North and Is Still Two Studies From a Mine

Surge Battery Metals announced on September 8, 2026 that the Salmon River Cattlemens Association had withdrawn its protests against water appropriation applications at the Nevada North lithium project and granted long-term access across roughly 880 acres of private land. The shares closed at C$1.04 on September 9, 2026 for a market value near C$340.6 million. The project holds a measured and indicated resource of 10.51 Mt of lithium carbonate equivalent at a 1,250 ppm cut-off and no reserve.

By Daniel Okoye8 min readNILI.V

Mining and Resources

Myriad Uranium (CSE: M, FSE: C3Q) Now Owns All of Copper Mountain. It Still Has No Current Resource

Myriad Uranium finished buying out its partner on August 21, 2026 and now owns 100 per cent of the Copper Mountain uranium project in Wyoming. The day before, it reported early readings from four new drill holes. The project sits on roughly 2,000 holes drilled by a railway company in the late 1970s, plus a 1979 estimate that is not a current resource and does not add up on its own numbers. This is a plain-English look at what is proven, what is not, and what would settle it.

By Daniel Okoye8 min readM.CN

Mining and Resources

Power Metallic (TSXV: PNPN) Published Its First Resource Estimate for Lion and the Shares Fell 15.8 Per Cent

Power Metallic Mines published its first mineral resource estimate for the Lion deposit in Quebec on September 8, 2026: about 4.75 million tonnes at close to 4 per cent copper equivalent, with more than 85 per cent of it in the more confident category. The shares fell 15.8 per cent to C$1.28 the same day. This is a plain-English explanation of why a good result can still knock a stock down, and what the company itself says is still unproven.

By Daniel Okoye8 min readPNPN.V

Mining and Resources

Apex Critical Metals (CSE: APXC, FSE: KL9) Drilled 197.5 Metres of 2.12 Per Cent Rare Earths. Here Is What That Does and Does Not Mean

Apex Critical Metals reported a drill hole at its Rift project in southeast Nebraska on September 8, 2026: 2.12 per cent rare earth oxides over 197.5 metres. It is a strong number, and the company says plainly that the 197.5 metres is the length of core, not the thickness of the rock. This is a plain-English walk through what the assay sheet actually shows, what the company has promised for early 2027, and which numbers floating around online are simply made up.

By Daniel Okoye7 min readAPXC.CN

Mining and Resources

Oceanic Iron Ore (TSXV: FEO) Gained 8.7 Per Cent on Heavy Volume With No News Release Behind It

Oceanic Iron Ore last traded at C$0.815 on September 8, 2026, up 8.7 per cent on 1.19 million consolidated shares, with no company disclosure on the day and none since July 20. What the 2026 filings do show is a C$50.0 million financing priced at C$0.75, warrants struck at C$0.95, and three separate paid investor-relations mandates. This piece separates the disclosure record from the tape.

By Daniel Okoye9 min readFEO.V

Mining and Resources

Homeland Nickel (TSXV: SHL) Raises C$3.04 Million a Cent Under the Tape. The Patriot IPO Still Has No Date

Homeland Nickel Inc. (TSXV: SHL) closed unchanged at C$0.39 on September 4, 2026, six days before a non-brokered placement of up to 8,000,000 units at C$0.38 is due to close. The document that matters more is the August 24 agreement with RAB Capital, which swapped 10,000,000 shares and 2.5 per cent of Patriot Nickel for a 2 per cent royalty and C$15 million of milestones. The Patriot IPO the discussion prices has no date, exchange, size or valuation in any release, and the Cleopatra and Red Flat estimates remain unpublished 2009 figures.

By Daniel Okoye9 min readSHL.V

Mining and Resources

First Phosphate (FSE: KD0) Trades on Three Kinds of Numbers, and Only One Describes the Deposit

First Phosphate Corp. (CSE: PHOS, FSE: KD0) told shareholders on September 1, 2026 that holders of record had risen 861 per cent since the 2025 meeting, three weeks after its ADRs began trading on Nasdaq and a week after it filed an updated NI 43-101 resource of 198.5 Mt indicated at 6.00 per cent P2O5. A September 2 flash report that cut the discount rates in its model was paid for by the company at US$1,500. Of the numbers in circulation, only the resource is a filed statement about the rock, and construction financing for Bégin-Lamarche has not been announced.

By Daniel Okoye9 min readPHOS.CN

Mining and Resources

The Title Changed, the Drill File Did Not: Reading F3 Uranium's (TSXV: FUU, FSE: GL7) 10 Per Cent Day

F3 Uranium Corp. (TSXV: FUU, FSE: GL7) closed at C$0.16 on September 4, 2026, up 10.34 per cent on 1.84 times its average volume, the first session after a 5:00 p.m. release naming president Raymond Ashley as VP Exploration in place of Sam Hartmann. The release changed who signs the technical disclosure and nothing in the drill file. Ranked from the top, the filed record is 11.8 million lb U3O8 indicated at the JR Zone, one assayed Tetra Zone hole, C$21.4 million of cash at March 31, a C$15 million Denison debenture and an unused shareholder authority to consolidate at up to 40-for-1.

By Daniel Okoye9 min readFUU.V

Mining and Resources

The quote is not the margin: what a copper and gold week is worth to a Canadian mine in loonies

Copper traded at US$6.58 per pound on September 6, 2026, gold near US$4,331 per ounce on September 1, and the Bank of Canada's metals and minerals index rose 4.2 per cent in August. None of those is a Canadian producer's margin. This piece walks the arithmetic from the US-dollar quote through the exchange rate to the Canadian-dollar cash margin, shows what a five per cent stronger loonie does to it, and explains why a pre-revenue explorer reads the same week as a financing window.

By Daniel Okoye9 min read

Mining and Resources

World Copper (TSXV: WCU) Closed at C$0.175. The Financing Behind the Move Is Priced at C$0.075

World Copper Ltd. (TSXV: WCU) closed at C$0.175 on September 4, 2026, up 84.21 per cent on 16 times its average volume, after a morning release named two Westhaven Gold co-founders as executive chair and chief executive and announced up to 13,333,333 units at C$0.075 for up to C$1,000,000. The stock finished at more than twice the unit price of a financing that has not closed and would double the share count. Fully raised, the money is less than the C$1,150,000 the Brassie Creek option still requires, and the release does not say how many units the people who set the price will take.

By Daniel Okoye9 min readWCU.V

OpinionEnergy

The Pressure Event Is the Result: Reading QIMC's 30.0% Hydrogen Update at Bennett Hill

Québec Innovative Materials Corp. (CSE: QIMC) reported a record 30.0% H2 field reading at 413 metres in DDH-26-05 — then reported free gas reaching surface under apparent pressure between 413 and 416 metres, triggering repeated hydrogen alarms and halting the hole. Evidence for a mobile hydrogen-bearing system has strengthened. Evidence for reservoir performance has not. Benchmarked against MAX Power's completed-interval flow test at Lawson.

By Daniel Okoye9 min readQIMC.CNMAXX.CN

OpinionEnergy

QIMC Extends the Bennett Hill Hydrogen System: Reading DDH-26-05

Québec Innovative Materials Corp. (CSE: QIMC) has reported a company-record 27.8% hydrogen measurement at approximately 374 metres in DDH-26-05 at Bennett Hill, Nova Scotia. The readings are preliminary field measurements. Concentration establishes presence; it does not establish pressure, flow or recoverable volume.

By Daniel Okoye6 min readQIMC

Mining and ResourcesCopper

First Quantum Stock: Building a Scenario Model for Cobre Panamá

First Quantum trades on the TSX as FM. Its main active mines are Kansanshi and Sentinel in Zambia and Guelb Moghrein in Mauritania. Cobre Panamá has been under preservation and safe-management arrangements since late 2023, although processing of stockpiled ore was authorized in 2026. Q2 2026 revenue was US$1.52 billion and EBITDA was US$400 million; net debt was approximately US$5.41 billion.

By Daniel Okoye2 min readFM

Mining and ResourcesCopper

Lundin Mining and Vicuña: How Much Is the Copper District Worth?

Lundin Mining trades on the TSX as LUN and in Stockholm as LUMI. Its operating portfolio includes Candelaria and Caserones in Chile and Chapada in Brazil. It owns 50% of Vicuña with BHP, encompassing the Josemaria and Filo del Sol deposits in Argentina and Chile. Q1 2026 revenue was US$1.16 billion and adjusted EBITDA was US$626.7 million. Cash was US$565 million, total debt was approximately US$302 million, and net cash was about US$249 million.

By Daniel Okoye2 min readLUN

Mining and ResourcesGold

Kinross Gold: Cash Returns, Great Bear and the Next Growth Cycle

Kinross trades on the TSX as K and on the NYSE as KGC. Its principal producing assets include Tasiast in Mauritania, Paracatu in Brazil, Fort Knox and Manh Choh in Alaska, and Round Mountain and Bald Mountain in Nevada. Its development portfolio includes Great Bear in Ontario, Curlew in Washington and Lobo-Marte in Chile. In Q2 2026, Kinross produced approximately 492,000 gold-equivalent ounces, generated US$2.24 billion in revenue and US$726.8 million in free cash flow, and ended the quarter with US$2.7 billion of cash and US$1.9 billion of net cash.

By Daniel Okoye2 min readK

Mining and ResourcesGold

Agnico Eagle Stock Analysis: Is Canada’s Gold Leader Worth Its Premium?

Agnico Eagle Mines trades on the TSX and NYSE under AEM. It is a senior gold producer with major Canadian operations including Detour Lake, Canadian Malartic, LaRonde, Goldex, Macassa, Meliadine and Meadowbank, supplemented by mines in Finland, Australia and Mexico. Its portfolio is predominantly producing, with large expansion and underground-development opportunities at Detour Lake, Odyssey and Hope Bay. In the second quarter of 2026, Agnico reported approximately US$2.76 billion of EBITDA and US$1.6 billion of net income. Long-term debt was only US$197 million and the company reported net cash of approximately US$3.27 billion. TMX showed a market capitalization near C$103 billion and an average target of approximately C$312.51 from 11 analysts.

By Daniel Okoye2 min readAEM

Mining and ResourcesGold

Agnico Eagle's Detour Lake Expansion and the Cost of Growth

Expanding Detour Lake is cheaper and lower-risk than a new mine, but underground development and rising strip ratios push sustaining capital per ounce higher. The growth headline and the capital cost behind it need to be read together.

By Daniel Okoye4 min readAEM

Mining and ResourcesExplainer

Understanding All-In Sustaining Cost and What It Leaves Out

All-in sustaining cost is the mining industry's standard cost metric, but it is guidance, not an accounting standard, and companies apply it differently. This piece explains what it captures, what it leaves out, and where by-product credits and jurisdictional differences can distort comparisons.

By Daniel Okoye3 min read

Mining and ResourcesGold

Lundin Gold's Fruta del Norte and the Single-Asset Discount

Lundin Gold trades at a discount to diversified producers despite owning one of the highest-grade gold mines built this century. This piece unpacks why single-asset concentration and Ecuadorian country risk drive that gap, and what capital allocation choices could eventually close it.

By Daniel Okoye3 min readLUG

BusinessAgriculture

Nutrien and the Potash Price Floor Nobody Can Agree On

Potash prices are set through negotiated annual contracts rather than a continuous market, which is why analysts disagree so sharply on where the price floor actually sits. This piece looks at Nutrien's low-cost and retail-diversified position within that unusually concentrated market structure.

By Daniel Okoye3 min readNTR

Mining and ResourcesRoyalties

Wheaton Precious Metals and the Streaming Model, Explained

Wheaton Precious Metals buys future mine production at a fixed price instead of operating mines itself, trading operating-cost exposure for counterparty and asset-quality risk. That structural swap explains its cash-flow margins, its valuation premium over producers, and why portfolio diversification matters so much to how the risk actually plays out.

By Daniel Okoye4 min readWPM

Mining and ResourcesGold

Barrick Mining: What the Reserve Replacement Numbers Actually Show

Barrick's flat headline reserve figure conceals a modest decline in grade at several large open pits and a rising share of reserves in jurisdictions with renegotiated fiscal terms. Both factors bear directly on future unit costs and the capital allocation choices management faces this year.

By Daniel Okoye4 min readABX

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