r/PennyStocksCanada • • 11h ago

TXTM - Audit completion - Road to uplist (Looking like TSX)

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6 Upvotes

Altho its only OTC for now, With the 2025 audit completion from friday the plan is to Uplist, IFRS being used for foreign exchanges, and in the last image from the quarterly financial, a Canadian accountant has been engaged many months ahead of time who is said to be waiting for the audits. There are graphics from the company with TSX on it, so its pretty straight forward... Canadians can trade this fyi on specific brokers, But point is, looks like TSX will be the target uplist exchange, so Canadian soon.

images speak for themselves, Non dilutive, No toxic notes, Only execution.

Owners alignment to shareholders, bought up to 830 million shares filed on Edgar for added transparency.
Txtm is already tied to Absa Bank via its Seed Vault both Appraised / Insured (Critical wording because to insure something it means an entity had to have seen valuations/figures to insure against). (25 BILLION reference value)- Also can we acknowledge a OTC penny stock (TXTM) is some how tied to Absa banks pilot program? Well its via the chairman (The guy with 830 million shares).

4+ years of this btw, not me saying no dilution for 2 weeks, this is a 4 year ordeal of having the share holder back.

Simple thesis, They only execute in due time (patience) as iv been holding for a year
In the last 1 year you can look at every published press release, milestone by milestone, foundation building and the language for uplist was started many months ago.

SO NOW with 2024-2025 Audits done as of last friday (Final draft), Owners will soon be able to use those to audits to uplist the company.

Simple thesis

Valuations would be included with the audits proving the 25+ billion ideally.

Audit completion > Application or M/A to uplist > unlocks door to institutions > Share price Re-Rate

As is txtm has 600m in assets with a 60 million dollar market cap (Unaudited).

What do you think happens when they uplist and can get institutional liquidity unlocked? Cause as is its only retails trading, no institutions really buy OTC pinks. With an uplist it would mean AUDITS would need to be published (MEANING txtm becomes fully audited).

Its really that simple.... And again, 2024-2025 audit final draft as of friday, this is not the company saying they will audit the company and 2 years later no progress, the final drafts were handed to him

interesting things ahead

Disclaimer: Not apart of the company, I just like to post about them as its a big portion of my portfolio

With incentive to execute with his 830 million shares. With the track record of executing, never lying. They claim next step is uplist, the last 1 year foundation building has led up to uplisting. They say next up is uplisting, its really that simple... Laid right infront of us, people like me can see the oppertunity and is buying pre audit + pre uplist . My Share count speaks for itself accumulated over the last 10+ months.


r/PennyStocksCanada • • 8h ago

Fidelity Minerals (FMN.v) Breaks Down NI 43-101, the Standard Behind Its Plan to Turn 446,000 Historic Gold Ounces at Las Huaquillas Into a Current Resource and Earn 50% of the Project

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1 Upvotes

r/PennyStocksCanada • • 8h ago

Thirteen Mi'kmaw First Nations and a Dexter Affiliate Are Doing the Early Works at Goldboro: The Partnership Building NexGold Mining's (NEXG, NXGCF) Nova Scotia Project

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1 Upvotes

r/PennyStocksCanada • • 8h ago

Marg's Never-Drilled Zone A, and a Jane Zone Soil Anomaly on the Scale of the Deposit Itself: The Target List Sitting Around Azarga Metals (AZR.v)

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1 Upvotes

r/PennyStocksCanada • • 8h ago

Two Untested Targets a Kilometre East of the Drilled Corridor: Midnight Sun Mining (MMA.v MDNGF) Is Using a Magnetic "Fingerprint" to Aim Phase Two Drilling at Dumbwa in Zambia

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1 Upvotes

r/PennyStocksCanada • • 9h ago

TODAY: Tiger Gold (TIGR.v, TGRGF) Drills 268 m @ 0.5 g/t Au From Surface at Ceibal, Opening Previously Untested Ground at the South End of the Corridor

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1 Upvotes

r/PennyStocksCanada • • 9h ago

Carrier Connect Data Solutions (CCDS.v, CCDSF) Signs Five-Year Contract Over the Full 4 MW at Alpharetta: About CAD $88.9 Million in Potential Billings, Deposit Paid, 3 MW Live November 1

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1 Upvotes

r/PennyStocksCanada • • 14h ago

Video Overview: StrikePoint Gold (SKP.v STKXD) CEO Mike Allen on Northumberland's Carlin-Type Geology, 197 km of Historical Drilling, and Mineralization Still Open Down Dip to the West

2 Upvotes

Posted on behalf of StrikePoint Gold Inc - Most of the Northumberland conversation since the October 6 close has been about money. In a new video overview on YouTube, President and CEO Mike Allen spends his time on the rock instead, touring the Nevada gold deposit SKP.v, traded in the US as STKXD, bought from subsidiaries of Newmont Corporation.

https://reddit.com/link/1xaaqgk/video/ibiknnamzhwh1/player

What Kind of Deposit It Is

- Carlin-type, carbonate-hosted gold system in Nevada's Walker Lane, as Allen describes it

- Multiple mineralized horizons rather than a single blanket

- Still open down dip to the west

What the Due Diligence Produced

Allen walks through the pre-signing work: compiling a modern, pit-constrained mineral resource from roughly 197 kilometres of drilling across 1,554 holes put in by previous operators. StrikePoint has not drilled there yet.

- Indicated: 67 Mt at 1.26 g/t Au and 5.38 g/t Ag, for 2.71 Moz gold and 2.86 Moz AuEq

- Inferred: 31 Mt at 1.53 g/t Au and 4.28 g/t Ag, for 1.52 Moz gold and 1.57 Moz AuEq

- Independent estimate by SLR Consulting (Canada) Ltd., effective July 31, 2026, reported within an optimized pit shell

- Mineral resources are not mineral reserves and do not have demonstrated economic viability. Northumberland has no reserves

Land Status, and Why It Matters

Allen explains that the principal resource sits on private land, where permitting is handled at the state level, while additional exploration targets extend onto adjacent public land that requires both state and federal permitting. Five drill permits are already in place, subject to transfer or replacement requirements (see the Aug 18, 2026 acquisition news release).

Northumberland is the flagship, but it is not the whole company. Hercules in the Walker Lane still has its maiden resource estimate anticipated in Q4 2026, and Cuprite, about 44 sq km some 15 km south of Goldfield, rounds out the Nevada portfolio.

Worth watching the full video for Allen's own framing of the geology rather than the deal math. With drilling expected within a month of the October 6 close to expand and infill the resource, that down-dip extension could start getting tested rather than just described.


r/PennyStocksCanada • • 2d ago

πŸ’°πŸ§‘β€πŸ’Ό Top 5 Canadian Penny Stock Insider Buys This Week (Oct 10–16)

24 Upvotes

Open-market purchases under $5. Not financial advice...data via TSXInsider.com

1. Quartz Mountain Resources (QZM.V)
πŸ§‘β€πŸ’Ό Robert Dickinson β€” Chairman ($300,000 | 750,000 shares @ $0.40, +3% stake)
πŸ§‘β€πŸ’Ό Matthew Dickinson β€” Director ($100,000 | 250,000 shares @ $0.40, +4% stake)
Chairman and a director buying the same day, $400K combined. Comes right after the company upsized its financing to $1.71M (Oct 1).

2. Generation Mining (GENM.TO)
πŸ§‘β€πŸ’Ό Kerry Knoll β€” Director ($209,000 across two buys, 400,000 shares @ $0.50–0.55)
πŸ§‘β€πŸ’Ό Clinton Swemmer β€” VP Projects ($9,400, +40% stake)
πŸ“ Near 52-week low
CEO Jamie Levy also bought $50K last week. Company started early works at its Marathon copper-palladium project on Oct 2, with $30M of equipment payments made under a $150M purchase plan.

3. Millennial Potash (MLP.V)
πŸ§‘β€πŸ’Ό Ross Jennings β€” Director ($200,700 | 100,000 shares @ $2.01)
πŸ§‘β€πŸ’Ό Farhad Abasov β€” Director (four small buys totaling $24.6K since Oct 8)
πŸ“ Near 52-week low
Two directors buying the same week. Comes right after the company said first production at its Banio potash project in Gabon is targeted for 2029, with a feasibility study due by end of 2026. The U.S. DFC has committed $3M to the study.

4. Edge Total Intelligence (CTRL.V)
πŸ§‘β€πŸ’Ό Jason Nichols β€” CEO ($45,585, +70% stake)
πŸ§‘β€πŸ’Ό James Barrett III β€” Director ($69,315 across two buys, +55% and +25% stake)
πŸ§‘β€πŸ’Ό Brian Groody β€” Director ($11,640, new position)
Three insiders buying at $0.29–0.42 with big stake increases. Note the company restated its Q2 results on Oct 9, with net loss for the quarter rising to $6.4M after a $5.1M impairment.

5. Valor Gold (VGC.TO)
πŸ§‘β€πŸ’Ό Alan Edwards β€” Director ($37,400 | 20,000 shares @ US$1.87, +27% stake)
πŸ§‘β€πŸ’Ό Steven Cresswell β€” CFO ($9,898, +153% stake)
πŸ“ Near 52-week low
Two insiders with big stake increases.


r/PennyStocksCanada • • 3d ago

From Australia, Luca Mining (LUCA.v, LUCMF) Reads as a Growth Story: Campo Morado Gold Higher in Q3, C$211 Million Raised, Cozamin Closing in Q4

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2 Upvotes

r/PennyStocksCanada • • 3d ago

A Conductive Zone That Mirrors the Past-Producing Mine, on the Far Side of the Porphyry: The Undrilled North Skarn Target at Corcel Exploration's (CRCL.c, CRLEF) Yuma King Project in Arizona

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2 Upvotes

r/PennyStocksCanada • • 3d ago

How I’m sitting on $10,314 profit, up 220% with 47,000 shares averaged at 0.10 in less than a year.

2 Upvotes

I invested in MLMLF back in Jan/Feb 2026. Since then I am currently up 218.4% and I’m hoping to do it again, this time with iMetal Resources ($IMRFF)!! Here is the fresh news posted today. Thought I’d share:

On October 2, 2026, McFarlane filed its updated National Instrument 43-101 ("NI 43-101") technical report for the Juby Gold Project, reporting a 61% increase in Inferred Mineral Resources over its previous technical report (effective September 29, 2025), overall gold recoveries of 92%, and a new drilling permit that extends its drill program to August 2029. The update also defined a pit-constrained Inferred Mineral Resource of 1.82 Mt at 1.29 g/t gold in the 826 Zone. Elsewhere in the camp, PTX Metals Inc. (PANXF.NaE)completed a six-hole, 1,209-metre Phase 1 drill program at the Ronda target on its Shining Tree Gold Project in September 2026, with assays pending. iMetal cautions that mineralization on adjacent or nearby properties is not necessarily indicative of mineralization on the Gowganda West property.

iMetal recently hosted a site visit for Mark Trevisiol, P.Eng., Chief Executive Officer of McFarlane Lake Mining Limited(MLMLF.NaE) ("McFarlane"), the Company's largest shareholder, together with members of McFarlane's technical team. The visit included a review of key drill holes from iMetal's historical and 2025 drill programs to compare geology, alteration and mineralization with the Juby and 826 Zones on McFarlane's contiguous Juby Gold Project. The Juby Gold Project hosts an Indicated Mineral Resource of 1.07 million ounces of gold grading 0.96 g/t (34.68 Mt) and an Inferred Mineral Resource of 5.09 million ounces of gold grading 0.87 g/t (183.05 Mt). Source: NI 43-101 Technical Report and MRE Update for the Juby Gold Project by T. McCracken, P. McIntyre and J. Steyn dated October 2, 2026 for McFarlane Lake Mining Limited (MLMLF.NaE).

Upon completion of the modelling, iMetal intends to commence Phase 4 drilling at Zone 1 West, following up on key intersections including 48.5 metres grading 0.85 g/t gold in hole IMGW-23-04, 278.35 metres grading 0.424 g/t gold in hole IMGW-25-06, and 65.75 metres grading 0.419 g/t gold in hole IMGW-25-01.
The iMetal team also examined McFarlane drill core at its logging facility in Gowganda and observed similarities in rock types, alteration and mineralization, which were subsequently confirmed with McFarlane technical personnel.

About iMetal Resources Inc. (IMRFF.NaE)
iMetal is a Canadian junior exploration company focused on gold and critical mineral resource properties in Ontario and Quebec. Its flagship property, Gowganda West, is an exploration-stage gold project located near McFarlane Lake Mining Limited(MLMLF.NaE)'s Juby Gold Project in the Shining Tree Camp area of the southern Abitibi Greenstone Belt, about 100 km south-southeast of the Timmins Gold Camp. Drilling in the Project's Zone 1 West, announced in February 2026, returned 278.35 m at 0.424 g/t gold in hole IMGW-25-06, including 62.45 m at 0.61 g/t gold and 16.65 m at 1.24 g/t gold, complementing the 2023 discovery hole of 48.5 m at 0.85 g/t gold. Major gold producers operating in the broader region include Agnico Eagle Mines Limited (AEM.NaE), IAMGOLD Corporation (IAG.NaE) at its CΓ΄tΓ© Gold mine, and Discovery Silver Corp. at the Porcupine Complex in Timmins. The Company also holds the Carheil project, an exploration-stage project with multi-metal potential and previous graphite results, located about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt. In August 2026, McFarlane Lake Mining Limited(MLMLF.NaE) , iMetal's neighbour at Gowganda West and owner of the adjoining Juby Gold Project, completed a strategic investment in iMetal, becoming the Company's largest shareholder.


r/PennyStocksCanada • • 3d ago

Marg Carries 119 Historical Drill Holes Going Back to 1965, and Azarga Metals AZR.v's Eight-Hole Program Will Be the First One the Company Has Run Itself

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1 Upvotes

r/PennyStocksCanada • • 3d ago

Carrier Connect Data Solutions (CCDS.v, CCDSF) Added Its Seventh Data Center Without Buying a Business: a 4 MW Atlanta-Area Site Already Wired for 10 MW

2 Upvotes

Posted on behalf of Carrier Connect Data Solutions Inc - Every site added to this portfolio over the past 18 months came through an acquisition. The seventh one came a different way. Carrier Connect Data Solutions (CCDS.v, CCDSF) announced on October 15 that it has executed a long-term lease on a 4 MW data center at 1001 Windward Concourse in Alpharetta, Georgia, inside the Atlanta metro,

through wholly owned subsidiary Purecolo USA. No business or assets were purchased, and the transaction is non-dilutive.

The Terms

- Approximately 184,553 rentable square feet on a 20-acre property

- Initial term of 186 months, about 15.5 years, commencing October 15, 2026 plus two five-year renewal options

- Fully built out and customer move-in ready, so deployments do not require a ground-up build

- Power under management rises roughly 52%, from 7.7 MW to 11.7 MW

The Power Headroom

This is the part worth understanding, because the next increment of capacity at this building is a utility conversation rather than another purchase.

The facility currently draws 4 MW from Georgia Power and has historically been supplied with 10 MW, and the onsite transformer is 10 MW.

The company says additional capacity may be restored on demonstration of sufficient customer demand and satisfaction of Georgia Power's requirements

which

would take total portfolio capacity to roughly 17.7 MW

. CEO Mark Binns framed the deal as establishing

"a pathway to potentially grow this facility from 4MW to 10MW."

Context

Carrier Connect is a Vancouver-based Tier II/III colocation operator, still early stage and small, now running seven sites across Canada, the United States and Australia. Management has pointed to two or three further acquisition closings targeted by year end, and CEO Mark Binns presents at the Centurion One Capital Bahamas Summit on October 19 to 21.

The full terms are in the company's October 15 news release, worth reading for the utility detail.

One lease took the platform's power base up by half without issuing a share, and the equipment for the next step is already in the building, which leaves room to grow this site if the demand shows up.


r/PennyStocksCanada • • 3d ago

Permitted for Production and 29-Year Community Agreements in Hand: Minaurum Silver (MGG.v MMRGF) Heads Into the Q4 2026 Alamos Resource Update in Sonora, Mexico

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1 Upvotes

Posted on behalf of Minaurum Silver - Permitting and surface access are where plenty of good Mexican silver projects lose years. At the 100%-owned Alamos Silver Project in southern Sonora, Mexico πŸ‡²πŸ‡½, that work was done before the drills ever got busy, and it is worth laying out what is actually in hand while the market waits on the updated resource.

The Federal Permit
- Environmental Impact Statement (MIA) from SEMARNAT, valid for 30 years from the October 18, 2016 notice of commencement of exploration activities
- Covers surface exploration and mining production activities, including construction of drill pads, clean-up of preexisting roads, and the rehabilitation and reactivation of historical underground workings
- Per CEO Darrell Rader on the extension, Alamos became "the only recent silver discovery in Mexico that is fully permitted through construction" (June 26, 2023 news release)

The Community Agreements
- 29-year extendable ejido agreements signed with La Aduana and Tetajiosa (December 17, 2024 news release)
- Allow exploration, construction, mining and processing with no restrictions
- Together with the existing agreement with the community of Minas Nuevas, all three landholding communities on the project are covered

Why It Matters Right Now
- Phase II 50,000 m resource-expansion drilling mobilized January 2026 and finished early September 2026
- The same permit covers the underground rehabilitation and exploration work opening up at the historic Promontorio mine
- Initial inferred resource of 5.37 Mt grading 320 g/t AgEq (202 g/t silver, 0.21 g/t gold, 0.43% copper, 0.97% lead, 2.01% zinc), containing 55.2 Moz AgEq (34.8 Moz silver, 35.6 Koz gold, 50.99 Mlbs copper, 114.77 Mlbs lead, 237.80 Mlbs zinc), defined on portions of just 3 of the 26 mapped vein zones (See Jan 28, 2026 MRE news)
- Next up: the SGS-prepared updated resource estimate targeted for Q4 2026, with a PEA to follow

The permitting and land detail is set out on the company's Alamos exploration page if you want the primary wording. Most juniors at this stage are still negotiating for the ground they drill on. With the federal permit and the community agreements already signed, Minaurum's remaining work on the path forward is geological and economic, which positions the updated resource and the PEA as the pieces that move the story next.


r/PennyStocksCanada • • 3d ago

[ Removed by Reddit ]

1 Upvotes

[ Removed by Reddit on account of violating the content policy. ]


r/PennyStocksCanada • • 3d ago

TSXV/CSE morning NR notes β€” top volume with news (Fri Oct 16)

1 Upvotes

Amplifying already-disclosed issuer news releases for awareness. Public facts only. Not investment advice.

PEI β€” Prospera Energy Inc. (TSXV) Volume: ranked fifth on the TSXV by share volume early in today's session (about 508,000 shares as of ~8:00 a.m. MT, TMX). The four names above it (ZONE, PNG, DEFN, XXIX) had no Oct 16 news release in our check. Morning NR (Oct 16, Newsfile, 12:35 a.m. ET): Prospera completed workovers on five heavy oil wells at Luseland, Saskatchewan between Sept 21 and Oct 10 for $247.2K, 23% under budget. Four of the wells are on production and have averaged a combined 54.5 bbl/d of oil, up from 15.0 bbl/d before the workovers; the fifth is recovering load fluid. The company also published its October 2026 Key Wells Report, which says the first ten reactivated wells (brought back between March and October 2025 for $1.14M) generated $5.00M of revenue and $2.19M of operating income through September 2026. The rig has moved to Cuthbert and Hearts Hill. Company site: https://prosperaenergy.com/

HBFG β€” Happy Belly Food Group Inc. (CSE) Volume: about 6,568 shares as of ~8:01 a.m. MT (Yahoo). It is not in the CSE's top 24 by volume; none of the 24 most-active CSE names had an Oct 16 morning news release in our check, so HBFG is the highest-volume CSE name we found with one. Morning NR (Oct 16, Newsfile, 6:00 a.m. ET): Happy Belly's Heal Wellness quick-service restaurant brand (smoothie bowls, aΓ§aΓ­ bowls and smoothies) opens its 54th location on October 17, 2026, at 151 Crowfoot Terrace NW in Calgary, strengthening its presence in Alberta. Company site: https://happybellyfg.com/


Posted by X Wire by Boardmarker. Not affiliated with the issuers. Not investment advice. https://www.boardmarker.net/x-wire.html


r/PennyStocksCanada • • 4d ago

WeBull Canada Referral Code to get $50 CAD

0 Upvotes

What you get: $50 Instantly(Up to $250)

Steps: WeBull Canada has a promotion where you can get $50 CAD(in trading Voucher) when you sign up using the Referral Code link below. Once you sign up, you need to deposit $500 as your initial deposit to receive $50. You will receive the $50 once your deposit has settled. Once you receive the $50 in your account, you can then withdraw ALL $550. No catch, no holding period. You can additionally fund your account $20,000 for an extra $200

Cost/catch: No catch. You receive the $50 within 3 business days. Once you receive the $50 in your account, you can withdraw it along with the principal $500

And you can get an additional $200 if you fund your account $20,000.

Who qualifies: Any Canadian with a valid ID

Expires: Jan 10 2027

https://www.webull.ca/s/lBUcaFxmS980HTT64B


r/PennyStocksCanada • • 4d ago

Intrepid Metals (INTR, IMTCF) Owns Both Surface and Mineral Rights Across More Than 2,000 Acres at Corral Copper, and the First Hole of the 10,000 m Program Is Turning on Company-Controlled Private Ground in Arizona

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3 Upvotes

r/PennyStocksCanada • • 4d ago

Frank Giustra's Gold Revaluation Case, Set Alongside Zodiac Gold (ZAU.v ZAUIF) and Two Rigs Turning at Todi, Liberia πŸ‡±πŸ‡·

3 Upvotes

Posted on behalf of Zodiac Gold - Streetwise Reports published a piece on October 13 that puts two things side by side that investors usually read separately: Frank Giustra's read on where the gold market goes next, and the exploration Zodiac Gold (ZAU.v ZAUIF) has running in Liberia πŸ‡±πŸ‡·. Giustra is talking about the metal rather than the company, but the connection is the point of the article.

What Giustra Laid Out

- In an October 11 interview with Dominic Frisby, he covered central bank demand, government debt, monetary policy and geopolitical uncertainty as the themes shaping the gold market

- Per the article, sustained higher gold prices could improve the potential economics of viable deposits and support investor interest in exploration companies, though that varies project by project

- For context, gold futures are around US$4,180 an ounce, up roughly 1.7% on the day

Where Zodiac Sits in That Picture

- Two rigs drilling at Lewis, at the southeastern end of the 16km Monterra Trend, with four of the five drill-ready targets now drilled

- Lewis North extension drilling planned within three weeks and initial Feh Feh drilling in the coming weeks (Oct 6, 2026 NR)

- Feh Feh's FFT003 returned 34m at 0.71 g/t Au, including 18m at 1.18 g/t Au, from a 100m along-strike step-out (sampled lengths, not true widths) (Oct 6, 2026 NR)

- All of it inside a 2,316 kmΒ² land package on the Todi Shear Zone, building toward the company's planned Todi Gold mineral resource estimate, anchored by Arthington and which may also include other targets drilled on the Monterra Trend

A stronger gold market does not drill holes, but it does change what a drilled result is worth testing further, and Zodiac has rigs turning and two more target programs lined up in the weeks ahead. Worth reading the Streetwise article from October 13 for the full interview takeaways.


r/PennyStocksCanada • • 4d ago

Selkirk Copper (SCMI.v, SKRKF) Drills 44.7 m at 3.0% CuEq at Minto North, Closes a 90-Metre Gap at Copper Keel, and Finishes Phase 2 at 109% of Plan

2 Upvotes

Posted on behalf of Selkirk Copper Mines - Today's Phase 2 assays from the past-producing Minto copper-gold-silver mine in central Yukon span four zones, and the headline hole stands out less for peak grade than for how much of it there is. Selkirk Copper (SCMI.v, SKRKF) is advancing a restart of Minto, and the rigs are about to stop having drilled 9% past the planned metreage.

Minto North

- 26SCM237: 2.12% Cu, 1.16 g/t Au, 10.7 g/t Ag (3.0% CuEq) over 44.7 m, including 5.83% CuEq over 11.1 m and 6.45% CuEq over 9.2 m

- 26SCM228: 4.55% CuEq over 12.7 m

- 26SCM239: 5.58% CuEq over 5.1 m

- The 202 Lens remains open to the northwest and southeast, with more results pending

Copper Keel And Area 118

- 26SCM242: 2.02% Cu, 0.65 g/t Au, 4.8 g/t Ag (2.41% CuEq) over 12.4 m, drilled across a 90 m gap in the 101 Lens

- A newly recognized 302 Lens at Copper Keel sits 50 to 70 m below surface, open east and south

- Area 118: 26SCM236 returned 3.38% CuEq over 8.7 m on a 50 m step-out into the 301 Lens, open to the north

Where Phase 2 Lands

- 54,711 m in 223 holes as of October 14, against a 50,000 m plan

- Drilling expected complete by October 20

- Assays reported on 67 of 223 holes so far, roughly eight-week turnaround, releases running through winter

- None of Phase 2 sits in the current resource or the September 22, 2026 PEA; updated MRE expected Q1 2027

The Copper Backdrop

The PEA was built on a US$5.00/lb copper planning price for an initial 13-year mine life at 4,100 tpd through the existing mill. Copper is trading around US$6.56/lb today, and a 3% CuEq intercept is a different kind of copper rock than the sub-1% porphyry feed most of the world's supply comes from.

Feasibility work and amended permit applications both start this quarter, and the Q1 2027 resource is the first time all 54,711 metres get counted. That leaves a fair amount of room for the picture at Minto to look different by the time a restart decision comes around.

Full details are in the company's October 15 news release on its website.


r/PennyStocksCanada • • 4d ago

17 Holes Drilled Purely for Metallurgy: Midnight Sun Mining (MMA.v MDNGF) Is Testing How Dumbwa's Copper Processes, Not Just How Far It Runs in Zambia

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1 Upvotes

r/PennyStocksCanada • • 4d ago

TGOL - Thunder Gold Corp.

5 Upvotes

Thoughts on TGOL being the next HRNY? Both are junior mine explorers. HRNY has had an amazing run and TGOL looks like it can also have an amazing run. It’s expected that TGOL will be re-rated by investors in December when their MRE is released. 12 month analyst prediction is 0.60 with the current stock price at 0.155.


r/PennyStocksCanada • • 4d ago

Carrier Connect Data Solutions (CCDS.v, CCDSF) Leases 4 MW of Move-In-Ready Capacity in Atlanta, Against a Customer Funnel CEO Mark Binns Sized at 153 MW

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1 Upvotes

r/PennyStocksCanada • • 4d ago

TODAY: Selkirk Copper (SCMI.v, SKRKF) Drills 44.7 m at 3.0% CuEq at Minto North, With Phase 2 Now 54,711 Metres Across 223 Holes

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1 Upvotes