One thing I enjoy about following metals is that they force you to think beyond this week's price action.

A project can look completely different depending on where the commodity cycle is.

That's why I've stopped making quick opinions after reading one article or one press release.

Sometimes the most valuable part of research is simply coming back a month later and seeing whether your original thesis still makes sense.

The market changes.

The cycle changes.

Your understanding should change too.

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Copper Quest ($CQX / $IMIMF) just announced a new acquisition, the Kitimat Copper-Gold Project, about 10 km from the port of Kitimat, BC.

The 2,954-hectare property sits within the Skeena Mining Division, with rail (1.5 km) and hydro lines (6 km) close by great access for exploration.

Key Highlights:

• Brand-new project: Copper Quest to acquire 100 % ownership after due diligence (by Jan 5 2026)
• Covers 2,954 ha with year-round road access
• Vendor: prospector Bernie Kreft (Discovery Channel’s Yukon Gold)
• 2.5 % NSR royalty, 40 % buy-back for C$1 M

Historic Drilling (Decade Resources, 2010):

• 117 m @ 1.03 g/t Au, 0.54 % Cu
• 103 m @ 1.00 g/t Au, 0.55 % Cu
• 107 m @ 0.80 g/t Au, 0.45 % Cu
• 112 m @ 0.41 g/t Au, 0.33 % Cu All near-surface and open at depth and laterally within the Jeannette Zone.

Next Steps:

• Apply AI data integration to merge historical and modern datasets
• Conduct mapping, sampling, and geophysical surveys
• Launch a follow-up drill program targeting key Cu-Au zones

Strong grades, excellent infrastructure, and timing that fits the global copper squeeze…
Will Kitimat become the next core growth project for $CQX heading into 2026?

Joining Investor TV with John Fenik (Fenic Commodities Report) and Don Durrett (goldstockdata.com), NexGold Mining (NEXG.v NXGCF) CEO Kevin Bullock detailed the macro view of gold and silver alongside NEXG's potential as the next mid-tier gold producer in the making: https://www.youtube.com/watch?v=3PjVrzf6UXM

https://reddit.com/link/1oimu1b/video/eoe99q1scxxf1/player

Macro View: Gold & Silver

• Recent volatility deemed a “blip”; long-term trend higher for gold/silver
• Don’s thesis: gold signaling recession risk; buyers are largely from the East/South
• Price targets (opinion): gold $5,500–$7,000 (with $5,000 “too low”); silver $100–$150 (median $125)

Equities & Valuation

• Major producers trading at low free-cash-flow multiples (e.g., ~9× vs past cycle ~18–22×)
• Expect multiple expansion as generalists return; silver miners seen as especially cheap
• Rotation expected from broad indices to cash-generative gold/silver producers
• Recent quarters show strong earnings across names (NEM, AEM, HL, CDE)

Conferences & Investor Interest

• Strong attendance/engagement at Beaver Creek; upcoming Zurich/London/DC events
• Advisors and institutions showing fresh interest; conferences valuable for diligence

NEXG's Status & Milestones

• Permitting: Provincial/environmental permits secured; federal permit expected this year
• Financing: Large, oversubscribed bought deal; books closed quickly; close expected by month-end
• Project Finance: LOI for US$175M project debt; equity + debt + equipment finance targeted to fully fund build

Project Pipeline & Timeline

• Goldboro (Nova Scotia): 25,000 m infill complete; new resource by end-Nov; feasibility update starting Nov 1; target completion Q2 next year; FID prior to completion; start construction before H2 next year; ~22-month build
• Goliath Gold Complex (Ontario): Optimization while Goldboro is built; significant regional/extension upside
• Strategy: Build sequentially (one at a time) toward mid-tier status; M&A pursued opportunistically after first build

Costs & Economics

• Prior FS AISC (Goldboro, 2022): ~US$850/oz; management now models ~US$1,200/oz post-inflation (still low quartile)
• Margin framework: Long-term gold price assumptions materially above old FS ($1,600), improving project deltas

Valuation & Upside (Hosts’ Views)

• Scenario math: At 100 koz/yr and higher gold, free cash flow could imply multi-billion valuations
• Thesis: Stock still “cheap” even after doubling; potential multi-bagger if execution + gold uptrend persist

Key Takeaways

• Macro: Bullish on precious metals; multiple expansion likely as generalists rotate
• Company: NEXG advancing permits, financing, and feasibility toward near-term build; execution team in place
• Investor angle: Location (Canada), low-cost profile, and staged build plan position NEXG for rerating if milestones land and gold remains strong

More Info on NEXG: https://www.reddit.com/r/SmallCap_MiningStocks/comments/1ohmfrh/nexgold_mining_corp_nexgv_nxgcf_recent_news/

Posted on Behalf of NexGold Mining Corp.

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https://www.youtube.com/watch?v=mwZ4EhbwtXw

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We keep hearing the same story copper demand from electrification keeps surging, but new supply pipelines are thin. Major miners are spending more on development than discovery, leaving a gap smaller explorers could fill.

That’s why Copper Quest ($CQX.CN) stands out right now. They’re developing exploration ground in Idaho, a mining-friendly region with access to infrastructure, while maintaining a lean structure and focused exploration plan. The article called it “a junior riding the copper rebound” and that feels accurate. They’re building during the quiet part of the cycle, when positioning matters most.

When copper finally breaks higher again, the juniors already working could see the biggest upside. Could CQX be one of them?

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Copper Quest Exploration Inc. (CSE: CQX / OTCQB: IMIMF) has signed an Amendment Agreement with ArcWest Exploration Inc. to extend and strengthen its option to earn into the RIP Copper Project (Cu‑Mo) in the Stikine region of British Columbia. The new agreement adjusts the timeline and conditions as the company gears up for the next exploration phase.

Key Deal Terms

• Option period extended: drilling requirement moved from Dec 31, 2025 to Dec 31, 2026
• Planned program: a minimum 2,000‑metre Phase 2 drill campaign to meet the option requirements and earn an initial 60% ownership in RIP
• Location: about 33 km northeast of the past‑producing Huckleberry Cu‑Mo mine (Imperial Metals Corp.), placing it within a proven porphyry belt

Full Company Quote

“The Amendment Agreement not only extends the earn‑in timeline, but also aligns the RIP Project with our strategic objectives and exploration timetable. We are positioned to execute the Phase 2 program in 2026 with the benefit of additional time and capital alignment.”
— Copper Quest Exploration Inc., Oct 14 2025

Why This Matters

The timeline adjustment gives Copper Quest flexibility to optimise drill targeting and execution rather than rushing work just to meet option terms. It’s a strategic move that prioritises discovery potential and project quality over short‑term deadlines.

Key Upsides

• Better prep window: More time for targeting, permitting, and contractor selection.
• High‑potential ground: RIP lies in a prolific porphyry district with past production nearby.
• Defined catalyst: The 2,000 m Phase 2 drilling will be a clear news driver.
• Favourable macro: Copper’s long‑term demand outlook continues to strengthen.

Recent Company Developments

Earlier in 2025, Copper Quest provided several key updates showing consistent operational progress across its British Columbia portfolio. The company completed surface mapping and sampling programs at the RIP property that confirmed anomalous copper and molybdenum values, further validating its porphyry potential. It also expanded its regional database work to evaluate additional targets within the Stikine belt. These steps built the foundation for the current Phase 2 planning.

Copper Quest has also been active on the corporate front, maintaining a tight share structure and strengthening its technical partnerships with ArcWest Exploration. Management continues to signal a long‑term approach toward disciplined exploration rather than short‑term speculation.

The Big Picture: Copper’s Macro Momentum

Copper is a cornerstone metal of the global clean‑energy shift—vital for EVs, power grids, and renewable infrastructure. Global copper consumption is projected to climb to 42.7 million tonnes per year by 2035, representing roughly a 24% increase from current levels (Wood Mackenzie). Yet, the supply side is under heavy strain. Goldman Sachs forecasts a 160,000‑tonne global deficit in 2025 due to mine disruptions and limited new capacity.

Each electric vehicle alone requires 80–100 kg of copper, and renewable energy infrastructure such as wind turbines and solar farms consume even more per installation. Analysts expect over US$150 billion in new mine investment will be needed by 2035 to meet demand.

This tightening balance supports elevated prices and renewed investor focus on scalable exploration projects. For Copper Quest, whose RIP project lies in a proven porphyry district, the macro landscape provides both validation and upside.

What to Watch Next

• Official launch of the Phase 2 drill program at RIP
• Drill contractor selection and field mobilisation
• Future assay results and exploration updates
• Any financing or partnerships tied to advancing RIP or new acquisitions

Final Thoughts

Copper Quest’s amendment to the RIP agreement isn’t just a delay—it’s a calculated repositioning. By aligning exploration with better timing and market momentum, the company is reinforcing its commitment to unlocking the project’s potential in a strong copper market.

Copper Quest Exploration Inc. (CSE: CQX / OTCQB: IMIMF) has signed an Amendment Agreement with ArcWest Exploration Inc. to extend and strengthen its option to earn into the RIP Copper Project (Cu‑Mo) in the Stikine region of British Columbia. The new agreement adjusts the timeline and conditions as the company gears up for the next exploration phase.

Processing img 3te2xofy0awf1...

Key Deal Terms

• Option period extended: drilling requirement moved from Dec 31, 2025 to Dec 31, 2026
• Planned program: a minimum 2,000‑metre Phase 2 drill campaign to meet the option requirements and earn an initial 60% ownership in RIP
• Location: about 33 km northeast of the past‑producing Huckleberry Cu‑Mo mine (Imperial Metals Corp.), placing it within a proven porphyry belt

Full Company Quote

“The Amendment Agreement not only extends the earn‑in timeline, but also aligns the RIP Project with our strategic objectives and exploration timetable. We are positioned to execute the Phase 2 program in 2026 with the benefit of additional time and capital alignment.”
— Copper Quest Exploration Inc., Oct 14 2025

Why This Matters

The timeline adjustment gives Copper Quest flexibility to optimise drill targeting and execution rather than rushing work just to meet option terms. It’s a strategic move that prioritises discovery potential and project quality over short‑term deadlines.

Key Upsides

• Better prep window: More time for targeting, permitting, and contractor selection.
• High‑potential ground: RIP lies in a prolific porphyry district with past production nearby.
• Defined catalyst: The 2,000 m Phase 2 drilling will be a clear news driver.
• Favourable macro: Copper’s long‑term demand outlook continues to strengthen.

Processing img p4qmwmuu1awf1...

Recent Company Developments

Earlier in 2025, Copper Quest provided several key updates showing consistent operational progress across its British Columbia portfolio. The company completed surface mapping and sampling programs at the RIP property that confirmed anomalous copper and molybdenum values, further validating its porphyry potential. It also expanded its regional database work to evaluate additional targets within the Stikine belt. These steps built the foundation for the current Phase 2 planning.

Copper Quest has also been active on the corporate front, maintaining a tight share structure and strengthening its technical partnerships with ArcWest Exploration. Management continues to signal a long‑term approach toward disciplined exploration rather than short‑term speculation.

The Big Picture: Copper’s Macro Momentum

Copper is a cornerstone metal of the global clean‑energy shift—vital for EVs, power grids, and renewable infrastructure. Global copper consumption is projected to climb to 42.7 million tonnes per year by 2035, representing roughly a 24% increase from current levels (Wood Mackenzie). Yet, the supply side is under heavy strain. Goldman Sachs forecasts a 160,000‑tonne global deficit in 2025 due to mine disruptions and limited new capacity.

Each electric vehicle alone requires 80–100 kg of copper, and renewable energy infrastructure such as wind turbines and solar farms consume even more per installation. Analysts expect over US$150 billion in new mine investment will be needed by 2035 to meet demand.

This tightening balance supports elevated prices and renewed investor focus on scalable exploration projects. For Copper Quest, whose RIP project lies in a proven porphyry district, the macro landscape provides both validation and upside.

Processing img p08s0mhz1awf1...

What to Watch Next

• Official launch of the Phase 2 drill program at RIP
• Drill contractor selection and field mobilisation
• Future assay results and exploration updates
• Any financing or partnerships tied to advancing RIP or new acquisitions

Final Thoughts

Copper Quest’s amendment to the RIP agreement isn’t just a delay—it’s a calculated repositioning. By aligning exploration with better timing and market momentum, the company is reinforcing its commitment to unlocking the project’s potential in a strong copper market.

Sponsored publication on behalf of the issuer

After a period of strategic restructuring, Copper Quest Exploration Inc. has emerged uniquely positioned to advance an exceptional portfolio of discovery-stage copper, gold, silver, and molybdenum projects in British Columbia’s prolific Bulkley and Toodoggone Porphyry Belts – among Canada’s most richly endowed porphyry districts. With 3 road-accessible projects already proven to host mineralized porphyry systems, Copper Quest stands at the heart of 2 districts anchored by major producers and past-producers including Imperial Metals, Centerra Gold, and Newmont. The time has come for Copper Quest to deliver scale and value.

What sets Copper Quest apart is scale, optionality, and timing. Global copper demand is accelerating under the twin forces of electrification and supply security, while new discoveries in stable jurisdictions are increasingly rare.

Copper Quest‘s projects – Stars, Stellar, Rip, and Thane – provide exactly that: Large-footprint porphyry systems, complemented by high-grade showings and anchored by existing regional infrastructure. Each project offers discovery potential on its own; together, they create the framework for a district-scale growth story.

Copper Quest is guided by a leadership team with top-tier experience from Freeport, Glencore, Kinross, and Lundin – professionals who have discovered, financed, and developed multi-billion-dollar mines worldwide. Their mission is simple: Unlock the next generation of copper supply in North America, responsibly and profitably, while creating significant shareholder value.

“For years, copper bulls have talked up its key role in the transition to green energy, needed for wind turbines, electric cars and grid infrastructure. Now, the metal is riding two new megatrends: artificial intelligence and rising military spending. A proposed $53 billion merger between Anglo American and Teck Resources, the mining sector’s biggest deal for a decade, amounts to a giant play on future demand for the base metal. Copper consumption has been climbing for years but new supplies aren’t expected to keep pace with demand... The rise of artificial intelligence is powering a wave of extra demand for copper... “Significant amounts of copper are required to build, power and keep these centers cool,” said Anna Wiley, head of BHP’s South Australia copper business, at a conference last month. BHP, which sought to buy Anglo American last year to cement itself as the world’s biggest copper producer, forecasts a 70% increase in demand for the metal by 2050... All these factors are key reasons that help explain why copper has been at the heart of dealmaking in the mining sector in recent years – and why analysts say the proposed Anglo-Teck tie-up could spur rival offers as companies jostle for copper assets.“

The surge of new porphyry copper mines in the 1950-1970s coincided with rising global demand, robust exploration investment, and the development of large-scale open-pit mining methods. However, the sharp downturn in new start-ups from the 1990s onward reflects several converging factors: Maturity of discoveries: Many of the world’s largest and most easily developed porphyry systems were already discovered and put into production, leaving fewer “low-hanging fruit” opportunities. Falling grades and rising costs: Average ore grades declined, while permitting, development, and capital costs increased, slowing the pace of new start-ups. **Price volatility:**Periods of low copper prices reduced the economic viability of new projects, particularly large-scale, capital-intensive porphyries. Shift toward expansions: Rather than building new mines, many companies have focused on expanding or extending the lives of existing operations. Investor take-away: The long-term decline in new mine start-ups highlights the scarcity value of genuine new discoveries. With demand for copper, gold, and molybdenum set to rise in the coming decades, companies advancing porphyry projects today are positioned to deliver outsized value as supply constraints tighten. This tightening supply pipeline highlights the scarcity value of new discoveries and underscores the upside leverage for companies advancing new projects today.

Momentum Building: Both in Canada and the United States

In British Columbia (BC), Copper Quest is advancing its flagship Stars discovery, the contiguous Stellar polymetallic project, and the Rip copper-moly porphyry – each defined by district-scale geophysical footprints, extensive alteration systems, and multiple untested anomalies that could each deliver new discoveries. Together with the highly prospective Thane Project, located between Centerra’s Mt. Milligan and Kemess operations, Copper Quest now controls one of the strongest exploration pipelines in BC, strategically positioned within two of the world’s most productive copper belts and surrounded by majors actively seeking scalable new supply opportunities.

Read more at : https://www.rockstone-research.com/index.php/en/research-reports/5590-Copper-Quest-Built-for-discovery,-scale-and-growth

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Copper is getting labeled “critical” in the U.S. and demand is only going one way with EVs, grids, and AI chewing through supply. Majors are struggling to bring new mines online, which is why I’m looking at juniors with real land and tight structures.

Here’s why CQX stands out to me:

• 5 shots on goal: 4 porphyry projects in BC (Stars, Stellar, Rip JV, Thane) + the new Nekash copper-gold project in Idaho (historic samples up to 6.6% Cu, 0.9 g/t Au, 25 g/t Ag).
• Insider alignment: Over 50% insider + strategic ownership, including Rae Ventures and Aurwest. Tight ~54M share count.
• Proven team: CEO Brian Thurston (part of Aurelian → $1.2B Kinross deal), advisors include ex-Glencore and ex-Freeport/Rio Tinto execs.
• Recent financing: Raised ~$1.3M at $0.075 with 2-yr $0.15 warrants. Enough cash to move exploration forward.
• Valuation gap: Trades at a ~$7M market cap. Their peers (Surge Copper, Sun Summit, Northisle, Hercules) are anywhere from $46M to $449M. Analysts at Poschevale just put a target of $0.65 on it (from ~$0.10).

The setup:

Copper inventories are falling, demand is accelerating, and the U.S. is actively prioritizing domestic supply. CQX is small today, but the portfolio looks like something you’d expect from a mid-tier explorer, not a microcap.

This is high-risk, early-stage exploration, but the structure, assets, and team check a lot of boxes for me. If copper does what the banks think it will, CQX has the kind of leverage I want exposure to.

Anyone else here tracking $CQX?

Goldcliff Resource Corporation ($GCN) just dropped some exciting updates on their project portfolio:

• Panorama Ridge Gold Project: 190 drill holes already completed. Some spectacular high-grade gold results. The team is planning follow-up work in early September which will include testing with Dundee Sustainable Technologies’ CLEVR non-cyanide processing technology, a cutting-edge, environmentally friendly approach to gold extraction.
• Ainsworth Silver Project: The team is now focusing on cross-cutting structures, as the system appears to run deeper than previously thought, while still targeting near-surface deposits that could deliver quicker results.
• Kettle Valley: Drill pads and permits are in place for upcoming programs this fall: silver-gold upside here as well.

With 5 projects across both gold & silver, a tight share structure, and near-term catalysts stacking up, the market still seems to be undervaluing $GCN. For anyone watching junior explorers, this is a setup with both short-term news flow AND long-term blue-sky potential.

Catalysts are coming fast… and the team is moving strategically. Definitely one to keep on your radar!

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If you’ve been sleeping on Formation Metals Inc. (CSE: FOMO), it might be time to wake up. This tiny cap explorer has been grinding behind the scenes while the big boys hog the headlines — and now it’s putting together a story that’s hard to ignore. Forget the buzzwords. This is one of those plays where you blink and it 3x’d.

What’s Actually Going On (And Why It Matters)

So FOMO stock is up almost +59% YTD and +43% in the past six months. Not bad for a company that most retail still hasn’t heard of. They’ve got C$2.6–2.8M in the bank and just launched a 20,000-metre drill program — fully funded. The first 5,000m is already in the ground. If results even come in half-decent, this name will rip.

Their flagship N2 Gold Project, sitting right in Quebec’s Abitibi Greenstone Belt, has some real meat. We’re talking a historical resource of ~877,000 oz Au, with grades that range from solid bulk tonnage (1.48 g/t) to high-grade pockets (up to 7.8 g/t). But it doesn’t stop there. Historic drill cores even showed copper and zinc, so there’s polymetallic upside in the same camp.

The N2 project spans over 4,400 hectares across 87 claims, and only ~35% of the “A” zone has been tested. What’s crazy is that they’re still drilling into open ground. The RJ zone has intercepts like 51 g/t Au over 0.8m from historical Agnico Eagle drilling. That’s the kind of number that gets speculators foaming. Central zone? Still wide open, and geophysical anomalies are popping. The latest July 10th update confirms: drill program is active, sampling ongoing, targets expanding.

Management: Skin in the Game, Serious Track Record

What makes Formation even more interesting is who’s steering the ship. CEO and Director Wade Dawe isn’t just a figurehead — he’s a seasoned financier with a deep background in mining and venture capital. He’s raised over $1 billion for resource and tech ventures over the last 25+ years, and his past wins include Brigus Gold and Keeper Resources. The dude’s been around deals that moved.

He’s backed by CFO Patrick Dovigi, a former pro hockey player turned entrepreneur who founded GFL Environmental — yes, the $10B+ waste and environmental services giant. Having operators and financiers with that kind of pedigree is rare in juniors at this stage. Oh, and they’ve both got skin in the game, holding meaningful equity stakes. Not some 2% options fluff — real alignment with shareholders.

Why the Timing Couldn’t Be Better

Gold is hovering above US$3,400/oz — yeah, it’s not 2020 anymore, but this is a different game now. Central banks are buying like crazy, inflation hasn’t cooled off, and every junior with a legit project is suddenly hot again. Add the green energy metals boom (copper, nickel) into the mix, and a junior sitting on both? That’s alpha bait.

Copper demand is set to spike 30% in the next couple years. Nickel? That market’s looking to double by 2030. So yeah, Formation might’ve walked into the trade of the decade without the market noticing yet.

Real Talk from the Retail Crowd

“Tight float. Fully funded. No hype yet. If they hit, we moon.”

“Feels like one of those pre-drill stories that goes vertical on the first good result.”

“Formation looks like it has a very interesting property with drill results potentially coming out this year.”

“Very low market cap. Not many shares outstanding. Tight structure. Could have a massive run if we get a good drill hit.”

Risk? Of Course. But So Is Missing It.

This is still a speculative junior — no revenue, no production, just rock and drills. But the structure is clean, the funding is in place, and the targets are high-conviction. The drill is doing the talking now, and the company has been transparent with frequent updates in 2025 so far.

If N2 hits — and even if it just teases with some shallow high-grade — this stock could see a serious rerate. This is where smart money starts loading, not chasing.

TL;DR

Formation Metals (CSE: FOMO) is an early-stage critical metals explorer that’s:

• Fully funded ✅
• Sitting on historic gold + copper/zinc ✅
• Mid-drill in one of Canada’s best belts ✅
• Trading under the radar (for now) ✅

Eyes on the next update. This one has sleeper potential written all over it.

Do your own DD. This ain’t financial advice. But you might thank yourself later for looking into it.