The National Investor

I'm joined here by CEO Victor Cantore of Amex Exploration (TSXV-AMX; OTCQX-AMXEF) just following the closing of a substantial new acquisition: The Perron West property, which multiplies the company's district-scale potential in Eastern Canada's prolific Abitibi region several-fold.

He discusses the attractiveness and low cost of this acquisition; one with numerous past gold, copper and other showings.

Then we get back to the present-day core of Amex's story: the growing of the existing resource and PEA at Perron, which late in 2024 showed a robust and nicely profitable (and that was at $2,000 gold, folks!) initial mine of, likely, a larger one and others to come.

Amex remains one of my premier exploration stories at The National Investor.

Another returning guest here, as we catch up with Shawn and the great story of Dolly Varden Silver (TSXV-DV; OTCQX-DOLLF)...

Just ahead of this update the company announced a share consolidation and listing on the New York Stock Exchange. In the first segment of our visit, Shawn unpackages all the considerations that went into that, and why (with added thoughts from Yours truly) it's especially timely now for the company's "up listing" to garner far more attention in the U.S.

Beyond that, he explains the soon-commencing 2025 exploration season/game plan, where the company plans to spend some C$20 million in drilling (3 rigs) for purposes of BOTH enlarging existing high grade gold and silver resources as well as additional exploration holes; especially in the potential major "heat source" of this entire area: the Big Bulk Project acquired in 2023.

In this discussion, Scott Melbye, President of the Uranium Producers of America and VP of Uranium Energy Corp. (NYSE-UEC) catch up to recap the many reasons we STILL confidently see the uranium/nuclear energy bull market's "Act Two" unfolding very soon.

We focus on three specific issues during Q1 that have served to extend the present correction in the sector; all three of them either one-off factors or leading to just plain market overreaction.

Scott and Chris still see major gains ahead over the next few years for uranium investors in a sector that arguably still has the best supply/demand setup of any key commodity.

As the first quarter of the year draws to a close, one company I want us all to catch up with is Tectonic Metals which--earlier this month--came out with news substantially increasing the growing footprint of a potential new multi-million ounce gold resource in Alaska.

Tectonic's recent new discovery--which seems to have increased the footprint of the key target area of the Flat Project by some 50% all in one fell swoop--is impressive enough, as CEO Tony Reda explains.

But even beyond this, it comes in the context of an ever-rising record gold price as well as a MAJOR policy tailwind for a new mining boom in Alaska.

Folks, this spinout from Usha Resources is compelling! Near-term, C.E.O. Deepak Varshney has aggressive exploration plans for Formation's now-flagship N2 Project in Quebec's part of the famed Abitibi-Greenstone Belt.

He and his management team--including Abitibi Metals' (CSE-AMQ; OTCQB-AMQFF) C.E.O. Jon Deluce--are proven leaders and asset managers, especially as we share in an anecdote about Jon's own stature at a recent very high-profile and exclusive conference.

Together, I like the odds of Deepak, Jon and Co. building a winner with Formation...check out the story, and keep in touch!

NOTE: For Formation's web site visit https://formationmetalscorp.com/.

Today (posted March 17 -- Happy St. Patrick's Day!) I share myriad thoughts about the still-unfolding stock market correction and growing recession odds...and both President Trump and Treasury Sec. Bessent recently channeling Jack Napier/The Joker.

I especially fret about the Trump Administration/Congressional G.O.P. leadership essentially having caved in and surrendered 1. their entire first year effort of trying to meaningfully reduce deficits and 2. the good, historic work done so far by D.O.G.E. Chalk one up for The Swamp, I must regrettably say!

As for the Fed meeting looming Wednesday, little to no help will be coming from it right off to allay either the recession or bear market thoughts (though I do point out that a change to the "dot plot" could be in the offing and would make the correction less bad near term.)

Finally I make some comments and offer coming attractions on a renewed theme: "From Y2K TO Y2Q: The Quantum Menace" --- plus some energy, uranium and other thoughts...and especially pointing out some comments of the past weekend on Gold $3K.

NOTE: For those Bessent comments referred to, see https://www.youtube.com/watch?v=xtT6pajnWf8.

AND for Membership in The National Investor to receive my looming new recommendations, go to https://www.nationalinvestor.com/subscribe-renew/.

I'm joined again here by Borealis' C.E.O. Kelly Malcolm, who was just able to announce the close of his company's first major accretive acquisition: the now-former Gold Bull Resources and its flagship Sandman asset in Nevada, north of the core Borealis project/properties.

As you'll hear anew, this wildly accretive (especially at the current gold price!) deal makes Borealis Mining that much more compelling as a woefully undervalued gold equity.

This week we fit a LOT in under the one hour mark!

First, I give fresh updates on my favorite 2025 commodity stories: Gold, "Old energy" and Uranium.

Gold continues to set new highs now even in USD terms to go along with recent highs in most other fiat currencies. Precious metals stories are prolific, though; and especially some nefarious sales pitches around so-called Gold IRA's and otherwise.

So while there's a lot of upside to Gold, Silver and the better equities and derivatives thereof, there are still some things to be careful of.

LEARN about all that at https://www.youtube.com/watch?v=uzceo81545o.

Next, I move on to natural gas and crude oil; and much of this in the context of remarks from Friday (2/7) from the newly sworn in Department of Energy Sec. Chris Wright. "Old Energy" is quite attractive at these levels even if a lot of policy and economic uncertainty continue to hobble sentiment; more so than is warranted, as I opine.

To listen to Wright's comments in his interview by Brian Sullivan on CNBC as mentioned, check the following links out (in order) --

https://www.cnbc.com/video/2025/02/07/u-s-energy-sec-chris-wright-doge-staffers-at-doe-donat-have-access-to-nuclear-secrets.html

https://www.cnbc.com/video/2025/02/07/u-s-energy-sec-chris-wright-we-will-not-follow-the-german-energy-model.html

and

https://www.cnbc.com/video/2025/02/07/us-energy-sec-chris-wright-on-natural-gas-reduction-nuclear-energy-and-more.html

Finally I move on to uranium; this week, mostly in the context of the "Landmark" deal announced by Energy Fuels on Jan. 29 between that company, the Navajo Nation, the E.P.A. and State of Arizona.

This brought to a successful conclusion a LONG process of negotiation, leading to a process where Energy Fuels--as capably explained by its Senior V.P. Curtis Moore--will now be imminently able to haul its ore from its Pinion Plain Mine through the Navajo Nation and to its White Mesa Mill in SE Utah.

The company will also start removing some of the vast quantities of previously-stockpiled ore, old dump material and such; this all as part of an E.P.A.-overseen cleanup process many years overdue.

LEARN MORE about Energy Fuels at https://www.energyfuels.com/

This week, we start with a guest: Ryan Sistad, the Executive Director of Better in Our Back Yard.

Ryan and I discuss the many positive signs--including some early Executive Orders among the avalanche of those from President Trump in his first few days--of better days for America's mining, critical metals and energy industries and companies.

There's still a lot to do: and some areas that have yet to even be addressed. But at least for now, the positive tone suggests more policy support for these industries than we have seen in decades!

LEARN MORE about Better in our Back Yard:

Its web site -- https://betterinourbackyard.com/

LinkedIn (its most-used social media presence) -- https://www.linkedin.com/company/betterinourbackyard/

Our coverage of BIOBY at StrategicMPR -- https://strategicmpr.com/our-causes

The National Investor -- https://www.nationalinvestor.com/

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Following my visit with Ryan, I dive into some of the early highlights (LOTS of them!) of the first days of Trump 2.0.

As one quipped, "We've gone from Droopy the Dog to Sonic the Hedgehog." And we can expect more of this pace to pick up as a LOT of idiocy is being unraveled and some positive measures put in place by President Trump.

Yet some added reality is set to hit the Trump agenda this coming week, when the Federal Reserve does NOT lower interest rates further as it has at its previous three meetings. That will cause some fireworks politically; and likely on Wall Street as well.

I discuss the rate outlook...the dollar's correction of recent days...stocks...and gold.

I also explain anew why "the math" simply does not support the president's "demands" that interest rates and oil prices come down substantially.

I also talk about the VERY disparate tariff battles (or threats thereof) between Trump and our top three trading partners: China, Canada and Mexico. I spend the most time on Canada: from the provincial election in Ontario coming up late next month to a looming federal election likely around midyear, give or take a bit.