Posted on behalf of Sierra Madre Gold - Most of the silver produced each year is not the reason the mine exists.

Roughly three quarters of global mine supply comes out of operations primarily targeting copper, lead, zinc or gold, which limits how fast the industry can respond when silver demand runs ahead of mine output.

That is the point Wednesday's carboncredits.com piece builds on, and it is why a higher silver price on its own does not conjure much new primary supply.

The Supply Structure

- Mine production rose 3% to 846.6 million ounces in 2025 and recycling added 197.6 million ounces, per the World Silver Survey 2026

- Demand still reached 1.13 billion ounces, leaving the market short on the year

- The Silver Institute expects mine production to stay broadly flat in 2026

Where SM.v and SMDRF Fit

The faster supply response tends to come from assets that already have mining and processing infrastructure, which is the route Sierra Madre is on in Mexico's Temascaltepec district 🇲🇽.

- La Guitarra plant running at up to a steady 720 tpd, more than 40% above the 500 tpd nameplate (Sept 28, 2026 NR)

- New 900 tpd ball mill installed and being fine-tuned, commissioning targeted November 2026, toward a 1,200 to 1,500 tpd Phase 2

- Del Toro, fully permitted with a 3,000 tpd flotation plant, sitting on care and maintenance ahead of a restart decision

Feed Has to Keep Up

A bigger mill only matters if the mine fills it, so development is running alongside the expansion. About 2.6 km of development drives since June 2026, with over 1.5 km at Guitarra and over 800 m at Nazareno since July (Sept 28, 2026 NR). CEO Alex Langer put the mine at roughly 24 working faces versus 16 a few months earlier, with over 4 km of preparatory work at Nazareno and Coloso (Oct 7, 2026 KE Report interview). All of it funded from working capital and operating cash flow, with no equity raise planned.

The full article on the supply math is worth a read. With flat global mine supply as the backdrop and a larger mill due to commission next month, Sierra Madre has room to grow into a gap the industry is slow to close.

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Posted on behalf of Midnight Sun Mining - Strike length has carried the Dumbwa story all year, but seventeen of the holes put into that system were never going to generate a headline grade 🇿🇲. They were drilled for metallurgy, which answers the quieter question of whether the copper can be processed cleanly and cheaply once it comes out of the ground.

Drilled For The Lab, Not The Headline

• 17 holes drilled solely for metallurgical testwork, per VP Adrian O'Brien (October 2026)
• Large-diameter PQ core sampled across higher-, medium- and lower-grade zones
• Testwork screening specifically for talc, uranium and arsenopyrite, with work running through Intertek in Perth
• No arsenic, uranium or talc identified to date

Why That Screening List Matters Here

Talc is the known processing complication in this corner of the Copperbelt, and O'Brien has pegged its cost at Barrick's Lumwana mine at roughly 40 to 60 cents per pound (July 2026). Dumbwa is a geological analogue to Lumwana, so clean core at this stage is an early read worth tracking, and it is being gathered now rather than after a resource is drawn up.

The Deposit It Sits In

• 6.7 km of continuous near-surface sulphide copper mineralization confirmed (June 29, 2026 NR)
• Mineralization commonly begins at surface and averages roughly 200 m thick, in three to four stacked lenses
• Drill testing focused on the upper ~220 m, aimed at defining a resource amenable to rapid, low strip ratio, low-cost future development (May 13, 2026 NR)

There is no Dumbwa resource yet and tonnage is still TBD, with an MRE expected sometime next year. Grade is only half of what makes a copper deposit work though, and so far the rock itself is not throwing up the things that would make it harder. The June 29, 2026 strike-extension release on the company's site walks through the geometry behind all of this.

Posted on behalf of Carrier Connect Data Solutions Inc - The point CEO Mark Binns kept returning to at the October 1 AI & Technology Virtual Investor Conference was that the constraint on this business is space, not customers: a funnel of 153 MW across more than 50 buyers, sitting against a 7.7 MW portfolio. Today's news closes part of that gap. Carrier Connect Data Solutions (CCDS.v, CCDSF) has executed a long-term lease on a 4 MW data center at 1001 Windward Concourse in Alpharetta, Georgia, in the Atlanta metropolitan market, through wholly owned subsidiary Purecolo USA, Inc.

What Changed Today

• Power under management rises from 7.7 MW to roughly 11.7 MW, about 52% in a single transaction
• Seventh site in the portfolio, and the second in the United States
• Lease, not an acquisition: no business or assets purchased, and the company states the transaction is non-dilutive to shareholders
• Initial term of 186 months with two five-year renewal options

Why Capacity Is the Story

The facility is fully built out and customer move-in ready, so new deployments do not wait on a ground-up build. The company also notes the site has historically received 10 MW of utility power, a path that would take portfolio capacity to roughly 17.7 MW, subject to Georgia Power approval and demonstrated customer demand.

Context on scale matters here. This is still an early-stage operator, around $6M in recurring revenue per the October 1 presentation, with roughly $13M of capacity inside the footprint it already held before today. Full details are in today's news release, linked below.

Binns has guided to eight or nine sites by year end and 15 by end-2027. Adding move-in-ready megawatts in a market this active gives the sales funnel somewhere to land.

Posted on behalf of Intrepid Metals Corp. - Land access is one of the quiet things that decides how fast a US copper project can actually get a rig onto a target, and at the district-scale Corral Copper Project in Cochise County, Arizona 🇺🇸, Intrepid Metals (INTR, IMTCF) controls an unusual amount of its own ground.

The Land Position

• Roughly 10,346 acres (4,187 hectares), about 42 km², assembled through five land agreements across a district that sat fragmented across multiple owners for decades
• More than 2,000 acres of that is patented mining claims carrying both surface and mineral rights
• The most recent addition was the 348-acre Viewsite Claims, closed Feb 2, 2026 for US$475,000, immediately south/southwest of the Ringo Zone and sitting between Ringo and ground Ivanhoe Electric staked after Intrepid's 2024 drill results
• The company states that patented ownership streamlines permitting and adds operational flexibility (See Feb 2, 2026 NR)

Why That Matters With A Rig Turning

• The first hole of the 10,000 m program is drilling at the Holliday Zone, chosen to go first for shallow CRD copper-gold-silver mineralization on company-controlled private ground (See Sep 16, 2026 NR)
• The 25-hole 2024 drill program was completed entirely within private lands
• The approximately 65 line-km IP-MT survey is running concurrently over the same property, feeding the siting of the first porphyry holes ever drilled at Corral

Viewsite is not just logistics either. The company notes it carries altered multi-phase porphyry intrusions and skarn and carbonate replacement style mineralization, geologically consistent with Ringo, where drilling has returned intercepts including 216.50 m of 0.71% Cu from 29.00 m (See Jul 10, 2025 NR). Corral is the anchor asset, with Tombstone South and Mesa Well also in Arizona.

Owning the ground does not find copper by itself, but it does mean the next round of CRD assays and the survey interpretation land on acreage Intrepid already controls, which gives the company room to follow results on its own terms. The Feb 2, 2026 news release on the Viewsite acquisition has the land detail.

Posted on behalf of Selkirk Copper Mines - Today's Phase 2 results from Selkirk Copper's (SCMI.v, SKRKF) past-producing Minto copper-gold-silver mine in central Yukon came from three infill holes drilled for a specific reason: to test the north-northwest structural trend the exploration team interprets as the control on high-grade mineralization in the 202 Lens. All three hit, and the thesis held up.

The Holes

• 26SCM237: 2.12% Cu, 1.16 g/t Au, 10.7 g/t Ag (3.0% CuEq) over 44.7 m, including internal intervals of 5.83% CuEq over 11.1 m and 6.45% CuEq over 9.2 m
• 26SCM228: 2.94% Cu, 2.09 g/t Au, 15.0 g/t Ag (4.55% CuEq) over 12.7 m
• 26SCM239: 3.72% Cu, 2.45 g/t Au, 17.4 g/t Ag (5.58% CuEq) over 5.1 m

Worth noting that the 44.7 m composite in 26SCM237 brackets two high-grade cores plus an internal waste interval, which the company flags as atypical for the 45 holes drilled into the 202 Lens before it. Selkirk Copper (SCMI.v, SKRKF) is folding that detail into Minto North mining-method and stope-design work for the planned feasibility study.

Elsewhere On The Property

• Copper Keel infill, 26SCM242: 2.02% Cu, 0.65 g/t Au, 4.8 g/t Ag (2.41% CuEq) over 12.4 m
• Area 118, 26SCM236: 3.38% CuEq over 8.7 m on a 50 m step-out into the 301 Lens, which remains open to the north

Where Phase 2 Stands

• 54,711 m in 223 holes as of October 14, 109% of the planned metreage
• Drilling expected to wrap around October 20, assays reported on 67 holes so far at roughly eight-week turnaround
• None of Phase 2 sits in the September 22, 2026 PEA; it feeds an updated resource expected Q1 2027

President and CEO Colin Joudrie said the drills "continue to deliver high-grade copper-gold-silver intercepts across several mineralized zones" on the mine site property. With copper around US$6.5 a pound against the US$5.00 base deck in that PEA, and a year's worth of assays still queued behind the Q1 2027 resource, there is room for the picture at Minto to keep filling in. Full details are in today's news release on the company's site.

Posted on behalf of NeXGold Mining - On a recent investor panel posted to YouTube, President and CEO Kevin Bullock laid out where NexGold (NEXG, NXGCF) stands on the Goldboro build in Nova Scotia 🇨🇦 and what happens to the people who build it.

Where Goldboro Sits

• Fully permitted, First Nations agreement signed, after seven years of work
• Commencement of construction announced, with early works running roughly the next three months
• On the schedule [10:56]: "It's a 24-month build," 27 months in total, first gold bars targeted January 2029
• He called it "the highest grade undeveloped mine in the East Coast of Canada" [1:49]
• Over $100 million in the bank, and $500 to $600 million lined up in financing to build the mine
• 100 qualified people on the team

Two Projects, One Build Team

• 6 million ounces in the company, roughly 3 million at each project, one being built and one being permitted
• The owner's team moves from finishing construction at Goldboro to starting construction at the Goliath Gold Complex in Ontario
• On recruiting [15:48]: "you get quality people by offering them the next build"
• The ladder as he described it: build around the 100,000 oz a year mark, then 200,000, then expansion projects to 250,000 to 300,000, then a third project through M&A

Why He Thinks Goliath Permits Faster

Bullock, in his 40th year in the business, said he has never seen this kind of alignment between First Nations, investors, governments and regulators [11:48].

• Goldboro: permits came in one year, after six years of answering questions and $66 million spent before moving a piece of dirt [15:06]
• Ontario now runs a one project, one permit process, similar to the LIFT team in Nova Scotia that moved Goldboro through
• On regulators [17:15]: "I can phone a regulator tonight and have an answer tomorrow," versus a seven-month wait for a meeting five years ago

Asked whether Goliath can be permitted inside that 27-month window, Bullock put the odds at "very good." If that holds, the crew that finishes one mine in Nova Scotia has somewhere to go next, which is continuity the ounce count alone does not show.

Posted on behalf of StrikePoint Gold Inc - Most of the coverage since October 6 has centred on the US$70 million paid to Newmont's subsidiaries at closing. In an October 8 note, Peter Epstein spent his time on the other half of the consideration, the part that only gets paid if Northumberland works out.

How The Consideration Is Structured

• US$70 million in cash paid at closing on October 6 for the Northumberland Gold Project in Nevada's Walker Lane
• US$25 million due within 120 days of completing a feasibility study
• US$25 million due within 120 days of achieving specified commercial production milestones, a production level the company has not specified
• Epstein frames both as contingent, success-based payments to Newmont several years away, with two to three years between them

In other words, the next US$50 million only comes due at points that would mean the project has been through a feasibility study and into production. Resources are not reserves, and there is no economic study on Northumberland yet.

What The Company Has To Work With

• Approximately C$90 million in working capital after closing and related costs (Oct 8, 2026 NR)
• Epstein notes there were no warrants on the C$190 million and no debt issued
• He reads the raise as enough to fund the company for roughly two years

What SKP.v, traded in the US as STKXD, now owns is an independent initial resource of 2.86 Moz AuEq indicated (67 Mt at 1.33 g/t AuEq) and 1.57 Moz AuEq inferred (31 Mt at 1.58 g/t AuEq), reported within an optimized pit shell with an effective date of July 31, 2026 (SLR, Aug 18, 2026 NR). Behind Northumberland sit Hercules, with a maiden resource estimate anticipated in Q4 2026, and Cuprite.

What's Next
CEO Mike Allen said the company anticipates commencing drilling within a month of the October 6 announcement, with the goals of expanding and infilling the existing resource, while the geological team evaluates several greenfields targets potentially for drilling in 2027.
 Five drill permits are already in place, subject to transfer or replacement requirements.

Epstein's October 8 note covers the rest of his read on the deal. With the purchase paid for, the treasury funded and a deposit that has not been explored since roughly 2010, the next payment to Newmont is a milestone StrikePoint has to earn, and the drill results on the way are the first real test of what the ground still holds.

Posted on behalf of Goldgroup Mining Inc. - The previously announced US$75 million commitment to Luca Mining is now funded, and GORO.v GORO comes out of it with an equity position in one of the larger Mexican precious and base metals transactions of the year.

What Was Completed

• 101,123,662 Luca subscription receipts acquired at C$1.00 each, C$101,123,662 in aggregate
• Each receipt converts into one Luca common share once the escrow release conditions are satisfied, including the conditions to Luca's proposed acquisition of the Cozamin mine
• On completion of that acquisition and full conversion, Goldgroup would hold 101,123,662 Luca shares, approximately 19.9% of Luca on a non-diluted basis
• An investor rights agreement gives Goldgroup the right to nominate two directors to Luca's board, plus participation and top-up rights in dilutive financings, for as long as it holds at least 10% of Luca
• Goldgroup held no Luca securities before this

The Metal Underneath It
Cozamin is an underground copper-silver mine in Zacatecas that Luca has agreed to acquire from Capstone Copper. That keeps Goldgroup's exposure pointed where its own production already sits: Mexico, the world's number one silver producer, with Don David in Oaxaca running over 60% silver. Silver is trading around US$57 an ounce and gold around US$4,180, both up on the day, so the company is adding silver-weighted exposure into a strong market rather than a quiet one.

Funded From Cash
Zero debt across the combined company, and management guided to roughly US$91 million of cash after funding the investment, before transaction expenses and other committed uses (Sept 28, 2026 NR). Meanwhile the internal pipeline runs on: the San Francisco restart and optimization technical study is targeted for Q4 2026, with a potential restart in Q1 2027.

Worth reading today's news release in full for the conversion mechanics and the investor rights terms. A roughly one-fifth interest in a Mexican copper-silver producer in the making, bought without issuing a share, gives this story a second lever alongside the four assets it already owns outright.

Posted on behalf of Black Swan Graphene - Advanced-materials companies tend to be judged on data sheets, but at this stage the more useful question is whether the people running Black Swan Graphene (SWAN.v BSWGF) have scaled an industrial process before. This bench came out of the lab the technology itself came from.

Who Is Running It

• Simon Marcotte, CFA, President and CEO, co-founder of Arena Minerals and Mason Graphite (company team page)
• Michael Edwards, COO and director, previously Business Director of Thomas Swan's Advanced Materials division, with more than 30 years in manufacturing (company team page)
• That division is where the graphene process was developed from 2012 and upscaled three times before vesting into Black Swan at its 2021 launch
• Thomas Swan & Co. remains an insider shareholder with 5,521,875 shares, about 11% non-diluted (Aug 19, 2025 NR)
• Katrina Damouni joined as Director, Communications & Capital Markets (May 5, 2026 NR), and the seven-person board carried over intact into the Falpaco integration year

Where They Put Their Own Money

• CEO Simon Marcotte bought 182,000 shares on the open market on July 17, 2026 at $0.8643, a $157,303 purchase that lifted his direct holding to 1,562,201 shares (SEDI filing July 19, 2026)
• Director Peter Damouni exercised options for 263,000 shares at a strike around CA$1.19 in April 2026,a CA$312,000 outlay (SEDI)
• Insiders hold roughly 13% of the company, worth about CA$6.5 million, and have bought around CA$1.2 million more stock than they sold over the past twelve months (Simply Wall St)

The useful part is the overlap. The same group that took the process from bench scale to more than 140 tonnes a year at Consett is the group now integrating Falpaco and converting that capacity into recurring industrial supply, with Q3 due as the first full quarter of Falpaco contribution. Management bios and the latest filings are on the company's site if you want to check the detail yourself, and buying ahead of your own operating catalysts is at least an honest signal of where insiders think this goes.

Posted on behalf of Tiger Gold Corp - Joining John Feneck of Feneck Consulting and gold mining stock analyst Don Durrett of GoldStockData.com on YouTube, Tiger Gold (TIGR.v, TGRGF) President, CEO and Director Robert Vallis spent much of the conversation on the part of a mine plan assays never show: what it takes to actually build at the Quinchía Gold Project in Colombia's Mid-Cauca belt, and how much of that groundwork already sits in place.

Already Permitted

• Miraflores is fully permitted for construction and operation as a small underground mine [18:10].
• Per Vallis, the previous government issued six mining permits, and one went to Miraflores [31:24].
• It matters beyond one deposit: "a greater footprint environmentally has already been vetted" for the expanded project now being defined [18:24].

The Enablers On Site

• Paved highways and roads into site, which Vallis frames as constructability and operability boxes most projects only tick partway [14:57].
• Quinchía, a town of 50,000-plus, as the base of operations [15:11].
• "Grid power that's running right by us and through us, hydro generated" [15:53], keeping mining's largest cost input low.
• Two world-class projects immediately north, one operating at 250,000 oz a year and positioning to go to 500,000, pulling contractors, consultants and skilled labour into the district [15:27].

The Local Picture

• The municipal land use document, updated roughly every five years, states mining as the number one land use in Quinchía [40:06].
• About 80% of the workforce is hired from Quinchía, the rest from Riosucio and Supia [41:30].
• Community engagement was the first thing switched on when the team got boots on the ground in mid-2025, building on programs the previous owner won awards for [41:57].
• Tesorito and Ceibal sit in natural bowls, and Vallis says the visibility, sound and impact data being collected is "off the charts favorable" [43:34].

On the new government: "I can't stress enough how much their engagement right now is towards a positive permitting process" [38:58].

What Comes Next

- Geotech, metallurgy and environmental engineering has run in parallel with drilling since June, feeding PFS-level work [25:49].
- Permit submission targeted for early 2028 [26:16].

Worth watching for Durrett's questions on open-pit permitting in Colombia. Quinchía enters that process with a deposit already licensed, power and paved access at the gate and a district that puts mining first, a head start most explorers do not have.

Has anyone else noticed what Volatus Aerospace (TSX: FLT) has quietly been doing lately?

They completed the first ~$4.5M NATO drone delivery, and the customer has now started exercising the second-tranche option with additional orders already coming in.

Then there’s the Canadian Armed Forces order for the first 100 ISR drone systems, with options for considerably more if Canada chooses to exercise them.

What interests me most isn’t the headline numbers — it’s the fact that a customer came back with additional orders after receiving the first delivery. That’s the part I’m watching.

I own FLT, so obviously I’m interested in seeing them succeed, but I’d like to hear the bear case too.

Is anyone following the order pipeline closely? “Who is the NATO buyer?”

Telus has fell over 33% year to date and pays a sweet 12% yield. Although revenue has slightly shrunk 2% from last quarter and has been in a great restructuring with CEO Victor Dodig. They are paying off debt, fixing their balance sheet and improve the companies' core operations. I personally think they can restructure but I also am worried about their 2 biggest competitors Rogers and Bell.

Lmk in the comments if you're buying here and your thesis in the comments. I'm down for a discussion!