JRI – Junior Resource Investor

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.

Time Stamps Below
@FathomNickel

Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/fathom-nickel-update-advancing-nickel

With their financing at long last closed, Fathom Nickel is in gear and in motion again in northern Saskatchewan. CEO Ian Fraser joins me once more to discuss their exploration plans for 2025, how their Gochager Lake project is on the cusp of exciting potential new discoveries, and how they continue to quietly advance their land adjacent to Ramp Metal’s surprising and impressive new gold and VMS-type discoveries.

Time Stamps

1:30 Intro from Ian
04:30 Announced Gochager land acquisitions and above ground work
13:00 Logic Behind Acquiring More Land
20:00 VTEM Survey News
32:00 How long from now would you be drill ready in the south for gold?
38:00 What Ramp results will make you drill for gold.
46:00 Financing and Costing Questions
51:00 Is there a loss of trust from investors? Should Fathom have communicated more? When’s the next financing? Rollbacks?
1:06:00 Recap of Expected News Flow?

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
Companion Article:
https://juniorresourceinvesting.substack.com/p/on-site-series-5-founders-metals

In the first week of April this year, I returned to Founders’ Antino Project in southeastern Suriname. Founders has continued to grow rapidly - both in the market and on the ground, and evidence of it was visible everywhere. Tagging along on a analyst site visit, I worked to record my experiences. The culmination of those efforts are below, in the form of a site visit video and photo essay.

But in short, Founders story and potential remains remarkably exciting. They have established strong working relationships with communities and industries around the country, allowing them to grow big, fast. And now, with an impressive four drills turning 24 hours a day, the meters are no doubt stacking up quick. So you can’t help but wonder - with a plethora of targets to drill through, how many discoveries are lurking waiting to be found this year?

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.

​@Arizonagoldandsilver
Time Stamps Below. Tickers AZS.V and AZASF.

I sat down with CEO Mike Stark for a brief news update. Since we last spoke, the company has released a couple sets of results from their ongoing drill campaign at their Philadelphia project, acquired land for a future heap leach pad, and have announced some $3.2 million in the bank in part courtesy of significant insider option exercising.

AZS is still drilling as it builds towards its maiden resource within the next 12 months or so. And with the rig imminent at BLM Pad 2, they have a chance to fully and properly prove their “boiling zone under the Red Hills” geological model correct (after teasing it with hole 136) and add some critical high-grade ounces to their project. Mike and I chat about all this, the market response to their results, the importance of the leach pad land acquisition, insider support, and more.

Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/approaching-a-boiling-point-arizona

Time Stamps
00:40 March 19th news – drill results
04:00 Hole 136
9:00 Update on holes and meters drilled to date?
12:00 Cash on hand and leach pad news
15:30 Final Thoughts
17:30 Follow-up on PEA and Resource timing


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.

​ @thesisgold1473 Time Stamps Below

Companion Article:
https://juniorresourceinvesting.substack.com/p/thesis-gold-announces-new-strategic

Thesis Gold (TAU.V) came out with good news recently, announcing that mid-tier producer and Toodoggone neighbour Centerra Gold (CG.T) was getting involved with Thesis through a 9.9% strategic investment. Bringing on a strategic is a critical step in any devcos journey, and the strength of the strategic and the deal itself speaks to the strength of Thesis and Lawyers-Ranch. CEO Ewan Webster joins me to discuss the details of the deal, why it makes so much sense as a local partnership, and more.

Part 1: The Interview, Part 2: The Companion Article, Part 3: The W

Time Stamps
00:10 Overview of News Release
07:00 Could Kemess infrastructure/flow sheet work for Lawyers-Ranch.
10:20 Investor question asking for more info on district synergies.
13:00 Update on when we might hear more from Thesis.


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 have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. 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.

Timestamps Below

Companion Article:
https://juniorresourceinvesting.substack.com/p/drilling-in-tier-one-gold-territory

This is one I’ve followed for a while, including a couple of paid sub notes on them. The similarities (and therefore immediate allure) to another company I follow closely (Founders Metals) make for an awfully compelling narrative here.

Consider the obvious parallels: Location of Sela Creek (and Nassau) are in south/eastern Suriname, orogenic gold in the Guiana Shield, leveraging preexisting artisanal prospecting and mining as exploration tools, using similar geophysical tools and strategies, smart younger team.

The valuation is rich ($75 million mc for a pre-discovery, pre-assay - for now - explorer) but clearly demonstrates the respect the market is giving Guiana Shield exploration. In truth, the valuation bedevils me. $75 million market cap without an assay in hand.

Now all that’s left to do is prove the compelling narrative can be meaningfully converted into a compelling discovery.

Time Stamps

01:00 Intro to Jaap, Miata, Sela Creek Project, and Three Points Capital
05:00 What historical work are you relying on and what are you doing differently to achieve better results.
10:50 Scale and scope – size of the prize?
13:00 What are the responses people are giving you about your story? (Pre-discovery, amount of potential, high valuations)
19:30 Overhang of warrants etc.
21:00 Cost of Drilling
24:30 Current Campaign Info, Lessons Learned
31:00 How long till drill results?

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.

​@contangoore9949 Summary and Time Stamps Below

Important Note: If you like my work, please click through here and subscribe to CTGO's newsletter so they can track the following I can bring to their story:

https://why-invest-in-contango.com/

In this conversation, Rick Van Nieuwenhuyse, CEO of Contango Ore, discusses the company's recent cash distribution, tonnage delivery improvements, and financial strategies amidst a turbulent macroeconomic environment. He highlights the significance of exceeding production guidance and the company's plans for accelerated debt management.

Key Points:

1. Contango Ore has reported a significant cash distribution of $24 million.
The company is producing 30% more gold (19,500oz vs 15-18,000oz guidance).
2. Bridge weight restrictions will also be solved via funding approvals for repairs now in place.
3. At current prices, the company forecasts over $80 million and could be debt free by EOY.
4. A PEA for the Johnson Tract project is expected soon, indicating future growth opportunities.
titles

Time Stamps

00:36: Introduction to Contango Orr and Market Context
03:43: Performance Highlights and Cash Distribution
06:32: Tonnage Improvements and Operational Efficiency
09:29: Debt Management and Future Projections
12:16: Macro Market Insights and Future Outlook

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

From March 1-5, I traveled to Toronto to close out Canada's big West-to-East conference run, after ending January in Vancouver.

This year my time was filled by company interviews, tech demos from VRIFY, educational talks and subject panels, politicians including Doug Ford pontificating, Suriname Day as hosted by Founders Metals, and more, as you will see in the video and article below.

If time is limited, make sure to use the timestamped chapters in the notes to get where you want to go fast.

Tickers:

cosa.v; ctgo.ny; fdr.v; fni.cn; ghrt.v; gmx.to; mme.cn; tau.v

Subscribe for more resource sector interviews, on-site updates, and investor insights.

Time Stamps

04:33 Thesis Gold w/ CEO Ewan Webster
08:04 Thesis Gold - Intro to Chief Geo Evan Orovan
12:40 Suriname Day (Founders Metals, Greenheart Gold, Miata Metals)
16:22 Fathom Nickel - Core Shack
23:57 Globex Mining w/ CEO Jack Stoch
32:33 Contango ORE w/ CEO Rick Van Nieuwenhuyse
40:45 Cosa Resources w/ CEO Keith Bodnarchuk