The National Investor

Here, I'm joined once more by Dennis Calvert, CEO of BioLargo (OTCQX-BLGO who also serves as Chairman of subsidiary company Clyra Medical

Also joining us is Clyra's C.E.O. Steve Harrison, who has collaborated with Dennis for some 30 years now; and in this instance, with the fruits of their labors seemingly in reach!

Specifically, the company announced on November 13 its partner to handle initial sales of ViaClyr, likely to commence in early 2026. This will be the first of a series of wound care, surgical, dental and other products developed with Clyra's breakthrough technologies.

AND as you'll be learning -- or learning anew as the case may be -- Clyra Medical's wares represent legitimate BREAKTHROUGH science and better treatments!

To learn more visit BioLargo's "Master" web site at https://www.biolargo.com/

Clyra Medical's site specifically is at https://www.clyramedical.com/

As I've discussed it previously and recap here, Arizona Gold & Silver's Philadelphia Project in western Arizona is one of the more unique geological stories I've ever encountered. And as the time since my coverage has started has gone on, the company--led on the ground by V.P. of Exploration Greg Hahn--has incrementally been proving their thesis: that around and underneath a "dome" cover here, there is a multi-million ounce gold resource waiting to be found.!

C.E.O. Mike Stark wraps up some of the more recent news, including step-out drilling and a VERY successful metallurgy test on some test ores, both of which lend credence to the likelihood of a major resource here, if not a renewed district play in the Oatman District.

And we wrap up with some recent news from AZS' Silverton Project in eastern Nevada: a prospective (but essentially "greenfield") gold project with enough antimony uncovered in recent trenching to add this to the exploration mix for 2026.

LINKS:

-- Background on the Philadelphia Project, its geology, etc. via an earlier video interview with Greg Hahn: https://www.youtube.com/watch?v=A4kKzk3XrTM

-- Arizona Gold and Silver's web site is at https://arizonagoldsilver.com/
(make sure to look around at the various media, etc. linked here that Mike mentions!)

With red-hot Alaska more on the minds of the markets thanks to the Trump Administration, it's timely for us to get an update here from Tony Reda!

Tectonic has one of THE juiciest gold exploration stories anywhere in the U.S. That it's in Alaska--and has such high-profile backing as you'll learn here anew--makes it all the more attractive.

Tony runs us through recent news concerning Alaska as well as Tectonic's progress toward its Maiden Mineral Resource Estimate planned for 2026.

This is one of the relatively "cleanest" exploration stories out there; yet one with some of the wildest potential discovery upside you'll find as well.

So, especially now with an overdue (and healthy) correction in PM stocks underway, it's especially time to do your homework here...and then place your bets!

LINKS:

Tectonic's web site: https://www.tectonicmetals.com/

My initial video profile of Tectonic, valuable for a LOT of foundational information on the company's relationship with Doyon--the Alaska Native corporation that's TECT's 2nd largest shareholder--as well as background on the property's specific characteristics/attractiveness: https://www.youtube.com/watch?v=D97n4PJYWJ4

Here, I visit with Apollo's CEO Ross McElroy on coming next steps for the company's flagship Calico Project in California, following the recent upgrade to the Mineral Resource Estimate there.

Incredibly, STILL unbeknownst to many investors is the recently-bolstered significance of California's San Bernardino County wherein Calico is located. It's the home of Equinox Gold's Castle Mountain Project, which just won federal Fast 41 designation to expand.

More spectacularly of late, the U.S. Government/MP Materials high-profile deal likewise added to San Bernardino County's relevance, as that neighboring project to Calico likewise has been in the news!

Already up by multiples share price-wise, Apollo still has a LOT of potential as Calico's various resources are expanded and the main present resource moves toward development. And if that's not enough, the seasoned management team--Exec. Chairman Andy Bowering, of course, along with McElroy--is looking to make another hugely prospective project come to fruition in Mexico (where one of Andy's other "creations"--Prime Mining--was just bought out.)

LINKS: For my recent conversation with Bowering and Cali Van Zant of InvestrIdeas.com, as mentioned, go to:

-- https://podcasts.apple.com/us/podcast/silver-and-critical-mineral-powerhouse-apollo-silvers/id1483830602?i=1000728253997 (audio podcast)

OR

-- https://www.youtube.com/watch?v=KRLWHJdZuSE (YouTube video)

Apollo's web site -- https://apollosilver.com/

Here I catch up once again with Deepak Varshney, the C.E.O. of Formation Metals.

And "FOMO" is the mind set you should have here, folks!

This is yet another story of a micro cap gold exploration company that has indeed done well for us (up about 5X as of this writing after its spinoff from Usha Resources a year ago) ... BUT has potentially explosive upside still well beyond that.

Formation's flagship N-2 Gold Project in Quebec's Abitibi region has solid potential, as you'll hear anew, for a multi-million ounce gold resource to be fleshed out (likely, incrementally; but over just the next couple or three years or so.)

And the company is VERY nicely cashed up right now to expand once more its exploration program through the end of next year/early 2027 (which had been modestly anticipated to be in the 5,000 meter neighborhood but will now be well beyond the 20,000 meters even most recently announced.)

JUST as we recorded this, the news came out of Iamgold's buyout of fellow regional explorer Northern Superior Resources: yet another recent example of the growing hunger for intermediates/majors for the best exploration stories out there. Formation Metals has a lot of work ahead of it, to be sure. But the potential is notable to build yet another significant resource at N-2, which would likely put it on the auction block.

LINKS:

-- My discussion with Deepak from back in March, where we went into more of the details of the history of N-2 and others among FOMO'S management/financing team: https://www.youtube.com/watch?v=0z3YlZ5-AY4

-- Formation Metals' web site: https://formationmetalsinc.com/

North Peak Resources, as we have previously covered, is one of THE most interesting exploration projects in the U.S.!

The Prospect Mountain Mine Complex (PMMC), the Company's flagship project, lies in the Battle Mountain Eureka trend, one of the most prolific mining belts in Nevada, within the Eureka Mining camp. Remarkably, this property--featuring some past production, 11 miles of underground tunnels and related infrastructure and several targets for new resource exploration and development, has had NO modern exploration work on it in several decades. This is despite its location in the heart of the Eureka mining district, with the Ruby Hill property of i-80 Gold to the north and McEwen’s Eureka property to the south.

Now enabled by proven leadership and sufficient funding, the company is now embarking on a new exploration campaign to, primarily, define two at- and near-surface gold targets.

Listen to Chris and Rupert lay this out, which will help you to understand that North Peak--with little more than a US$30 million market cap--is a potential sleeping giant!

LINKS:

Chris and Rupert's original profile of North Peak from this past summer: https://www.youtube.com/watch?v=q7Wu8igkjQU

North Peak Resources' web site: https://northpeakresources.com/

As you'll hear, I have been familiar with Nevada Organic Phosphate's story for quite some time now. It's in one sense as "clean" a story, potentially, as is the pure raw rock phosphate they could literally be sitting on a mountain of in NE Nevada!

And now that they have permits in hand and have closed on the biggest financing of the company's life (in part, where the latter is concerned, as some investors realize that NOP's story is one whose time might finally have come) I've 1. recommended NOP to my Members and 2. Encouraged CEO Robin Dow to share this story more widely.

LINKS:

Nevada Organic Phosphate's web site: https://www.nevadaphosphate.com/

My New FAANGs presentation from June, discussing agriculture, in part: https://www.youtube.com/watch?v=MbymrzBtfEA

I catch up again here with Amex's President & CEO Victor Cantore, following the company's updated PEA on the Perron Project (announced on Sept. 4) and the subsequent news this past week of the bulk sample permit already having been submitted.

As we discuss and you'll learn anew, Victor has been vindicated more lately in the markets: not just due to gold's record run (though that sure helps!) but as investors have come to understand anew that this accelerating path to initial production--while we still see MASSIVE exploration upside--has indeed added robust economics to one of North America's juiciest exploration projects.

LINKS:

https://www.youtube.com/watch?v=3HgGPk7n_V8&t -- This is Amex's own more technical/thorough webinar replay from earlier this month, in conjunction with the updated Preliminary Economic Assessment

https://www.youtube.com/watch?v=n-4DVJ7surU -- This is our late May discussion, where Victor covers that updated Mineral Resource Estimate, leading to the most recent PEA upgrade.

Ahead of this coming week's Fed meeting and universally expected rate cut, Chris discusses the parallels to the late 2024 Fed rate cutting...which resulted in a substantial RISE in longer-term interest rates.

Much of the setup is same this time around; but there are a few key differences we discuss. Still in all, the gargantuan levels of federal debt/deficits, set to continue, will combine with sticky inflation to keep borrowing costs high for most everyone BUT the federal government.

Meanwhile, both economic activity and some credit markets dynamics (high delinquencies for credit card debt, sub-prime auto loans and commercial mortgages, to name a few biggies) suggest more chickens coming home to roost.

Risks are tilted toward long-overdue corrections for virtually all "risk asset" categories...gold will most likely be the ongoing big winner.

SOME LINKS:

Better In Our Back Yard's Oct. 1-3 Mining & Energy Expo in Bloomington, MN -- https://betterinourbackyard.com/2025fallexpo/

Economic Commentator Wolf Richter's discussion of the Fed's lingering and worsening inflation problem -- https://wolfstreet.com/2025/09/11/cpi-inflation-dishes-up-another-nasty-surprise-as-it-tends-to-do/