JRI – Junior Resource Investor

​@Arizonagoldandsilver
Time Stamps Below. AZS.V; AZSAF

Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/boiling-over-a-critical-new-high

This is a big day for Arizona Gold and Silver. After months and indeed years of build-up, Arizona looks like it is finally, excitingly, be positively confirming the significant blue sky potential management has believed in all along at its Philadelphia project in Arizona.

This is because AZS has finally hit the interpreted epithermal boiling zone lurking beneath its Red Hills target. And initial results are excellent, with every indication that they're going to get even better as drilling progresses.

The headline numbers - 9.5 gpt AuEq over 20.43 meters (64% tw) are impressive. That this is the top of zone and AZS believes it will extend some 500-600m in total depth, with grade increasing along the way, makes for an even more tantalising scenario. That a clast of ultra high-grade - 45 gpt of Au vein - was found in the breccia higher up clearly supports this idea that with depth will come even better grade.

Excellent results here have opened up a whole new path of potential for Arizona. This boiling zone has the depth, grade, and strike length (not to mention epithermal veins over 25m thick - to be a major discovery. And that's pretty darn exciting.

Time Stamps

00:50 Mike’s Intro
02:30 Quote from Greg Hahn
04:10 Discussion of the System
07:30 The Financing – Why?

Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Link to Infographic:
https://juniorresourceinvesting.substack.com/p/free-trading-warrants-a-primer-on

The following is an infographic explaining free-trading warrants, their potential, and including tools and strategies in utilising them.

The leverage they provide in a sector famous for its volatility make these securities remarkably powerful. I will demonstrate how a +4x bull case holding common shares is a +16x or more with typical warrants.

Also in the infographic is a free, downloadable spreadsheet with built-in charts and calculators for Black Scholes, Delta, and other numbers.

Watch for future updates listing current and upcoming free-trading warrants.

Time Stamps
03:20 Part 1: General Info – 9 Basic Rules
05:10 Link to Downloadable Spreadsheet
07:30 Part 2: How To Trade Them
09:20 Part 3: How to Value Them
10:20 Part 4: Case Study, Talisker Resources
17:50 Conclusion


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below.
Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/one-of-the-highest-grade-tungsten

I will get Roy on for a long-form deep dive soon, but in the meantime, recent news demanded I get him on fast to talk about it. That’s because Allied Critical Metals (ACM.CN) released what looks to be - without hyperbole - one of the best pubco tungsten hits ever recorded at its Borrallha brownfield (re)development project. 12m of 4.27% wolframite (or 6m of 8.39%) is quite literally nearly an order of magnitude higher than typical high grade tungsten.

Wolframite tungsten is remarkably cheap, easy, and safe to extract and refine. Indeed, Borrallha is estimated to be just CAD $10 million and 6-9 months from pilot production once financing is secured. And the timing couldn’t be better, with Tungsten at multi-decade highs thanks to increasing geopolitical tensions.

With strong news flow expected to the end of the year, including more imminent drill results (including visually-similar rock to the above remarkable assay), a resource estimate and new PEA (which will be including this drill campaign), and pilot production still expected in 2026, now is a very good time indeed to be following this company.


Time Stamps
00:00 My Intro to ADM
02:15 Roy Bonnell
04:40 The Ultra High-Grade Hit
06:45 Where is this hit in the system?
9:00 Why RC vs. Diamond Drilling
10:00 Production – when and how much money?
13:45 Will these holes make it into Q3/4 resource & PEA?
14:45 Timeline of Upcoming News

Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below. @CosaResources

Link to Companion Article:

Cosa Resources significantly and rapidly advanced its Murphy Lake North project based on the recently-announced results of their summer drill campaign.

Not every drill campaign ends in discovery, but every discovery comes from the efforts of multiple drill campaigns, all of them building together to achieve the necessary critical mass of subsurface understanding to drive a new discovery.

So while Cosa doesn’t have a discovery to show for this program, as you will see below, they have remarkably compelling evidence that that might change soon enough with a bit more time and effort.

That’s because the level of success they found in their very first few holes into their never-before-drilled Cyclone Trend is both rare and rapid. Not many projects ever show this much promise. Very few display it so early. CEO Keith Bodnarchuk joins me again to walk me through this news release and what exactly has Cosa so excited. And, frankly, me for that matter, too.

Time Stamps

01:00 Keith’s Intro to the Results
06:00 Explain the Process of Deciding to Focus on Cyclone
08:30 Is Hurricane still Prospective?
10:10 Do Property Boundaries Influence Your Strategy
12:30 Similarities and Differences to Hurricane Discovery
14:45 Correlation to size of alteration and size of deposit?
17:15 Where are you going next, as best you can understand presently?
19:10 When can we expect assays?
21:15 Final Thoughts


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​@foundersmetals
Time Stamps Below

Link to companion article:
https://juniorresourceinvesting.substack.com/p/founders-metals-growing-gold-at-upper

More news out of Founders Metals recently. Drilling around their flagship Upper Antino discovery has critically expanded areas of known mineralisation along strike, laterally, and at depth. With ~30,000 meters left to be drilled and released this year, and the weather cooperating for farther afield high grade discoveries to be easily returned to for further drilling, Founders looks like it has what it takes to end the year strong.

CEO Colin Padget sits down with me once more for another frank conversation to discuss these results and also to address shareholder concerns regarding recent negative share price movement and perceived issues behind it.


Time Stamps

01:00 News out this week – new results from Upper Antino
06:10 Explain what this data tells you about the system.
11:30 What evidence do you have to connect UA and Donut
14:00 Why aren’t the locals mining it yet?
15:55 Why Is the Share Price Struggling?
22:00 Has Founders’ Decisions Impacted the Share Price?
28:00 Have timelines on the corporate side stretched unexpectedly?
32:30 Do you need more high grade to justify further price growth? Where does low-grade fit in?
37:00 Do your high grade discoveries have the scale needed to be significant?



Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​ @tocvanventures Time Stamps Below

Companion Article:
https://juniorresourceinvesting.substack.com/p/tocvan-secures-critical-permits-for

This is a big development for Tocvan. One that has been years in the making. Tocvan's stated goal has always been to push to early stage proof of concept production, betting that their jurisdictional advantages (in Sonora, Mexico - pro mining, very cheap, many neighbouring peers) would allow them to accelerate the timeline to production.

Then, of course, Mexico gained some perceived jurisdictional risk due to government rhetoric regarding mining reform, which dampened the market's enthusiasm for Tocvan's plan. Not that Tocvan ever stopped exploring and advancing its Pilar project, mind you.

But as of this morning, those concerns are officially put to rest. This is because Tocvan has now received every permit required for its pilot production plant and extensive further exploration across its entire property. With these now in place, Tocvan can finally begin its plan, a plan that will see remarkable growth take place in the next 12-24 months if they can execute successfully. And I believe they will.

Time Stamps

00:30 JRI Intro to Key News and Brodie’s Thoughts
02:15 Discuss the Process Now That is is Over
05:45 Mexican Jurisdictional Concerns – Addressed
08:45 When do you anticipate construction?
10:30 When will you be ready for production?
12:00 What are your exploration plans for the fall?
13:30 News Flow and Final Thoughts.

Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below. @thesisgold1473

Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/learning-is-discovery-thesis-golds

Time Stamps
01:15 Introduction to Evan and His Work
04:30 What About Your Origin Story with Thesis and What Drew You to Lawyers-Ranch?
07:00 What is your short order, high priority goal for this campaign?
08:45 How has the transition from academia and government to market geology been?

With summer exploration season upon us and another big drill campaign coming for Thesis Gold, I thought this would be a good time to publish a brief sit down I had with Thesis Gold's new(ish) Chief Geologist, Dr. Evan Orovan.

Thesis Gold's Lawyers-Ranch project is tantalising - a long list of potential further discoveries, with targets all over the property, all separate from and in addition to the existing 4 million M+I deposit already proven up here. And that's without taking into consideration the chance for a porphyry discovery underlying the whole system, a theory which was demonstrated by Amarc Resource's impressive recent discovery.

So it is in this space - a large, powerful resource already on the books, but with the potential for entirely new (and even new types) of discoveries that Evan joins Thesis and the Lawyers-Ranch project with the hopes of driving further exploration-led growth.

And he has a resume (and CV) that should make you excited about that potential: A PhD in economic geology, an expert understanding of a wide array or tool and techniques that can drive discovery, years of government experience and intimate knowledge of BC's geological potential, and, now, a project of his own - and the budget needed - to bring to bear his ideas.

Evan is an obviously sharp and intelligent thinker, and valuable addition to the team. Should his clear expertise prove up further discovery, up to and including the potential for their own porphyry, Thesis could be a fundamentally different company in not much time.


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

Time Stamps Below. @CosaResources

Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/people-place-and-time-why-cosa-resources

Cosa Resources is a junior uranium explorer operating on the eastern edge of Saskatchewan's prolific Athabasca Basin. A shrewd deal with Denison Mines has recently given Cosa a 70% option on some of the premium unexplored targets left in the region. Now with 4 holes from last winter helping them vector in, Cosa has returned to the high potential Murphy Lake North property for an 8 hole, 3000m program to search again for their elusive discovery hole. Just 2km along trend from one of the most impressive uranium discoveries of all time - the Hurricane Discovery - which the Cosa team played an instrumental role in, there are lots of reasons to get excited. Currently drilling and potentially just weeks away from results, Cosa is approaching a potential hingepoint in its existence, and something investors should be watching closely.

Time Stamps

01:00 Elevator Pitch for Cosa right now
07:00 Uranium Macro - Supply Crunch
12:30 Why Should Cosa stand out for people
17:00 Why Murphy Lake North
22:00 What you found at Murphy Lake last winter
30:30 How common are false positives? Barren alteration zones?
36:00 Drilling and Drill Costs
44:30 How do you release results? Final Thoughts


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​@foundersmetals
Time Stamps Below

Link to companion article:
https://juniorresourceinvesting.substack.com/p/founders-metals-update-building-out

Founders Metals released an exploration update today, covering 4 or 5 different targets, their drill results, and future plans. Colin joined me to discuss these results, place them in context, and give a bit more of an update beyond the news release. In an effort to get this out quickly, I will skip my companion article and focus on the video and summary. With a lot of news still anticipated - from both the drill bit and the board room - this remains a critical and exciting year for Founders.


Time Stamps
01:00 Key Takeaways
07:00 Rig Locations and Current Drill Plans
12:00 How many meters now?
14:00 More news to come?
19:00 Do you think you need more high grade to keep growing
24:30 Final Thoughts


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.