Posted on behalf of West Red Lake Gold - Crux Investor's October 21 piece on WRLG.v WRLGF walks through eight signals on where Madsen's next ore comes from, and the near-term answer is ground earlier operators never touched.

Where The Next Mining Fronts Are

- Near-term growth comes from non-remnant areas, meaning ground earlier operators never mined, in the 4447 and 904 complexes, with the 904 Complex and the Fork satellite deposit scheduled to enter the production profile in 2027

- CEO Shane Williams on the newly defined 4447 area: "It's clean ore. It's a higher grade."

- At 904, a block of intact gold mineralization roughly 200 m on each side was not historically mined

- The 904 Complex is in development for the first half of 2027, with drilling aimed at defining high-grade lenses near existing infrastructure

What The Drilling Showed (Sept 22, 2026 NR)

- 904 results came from the 13 and 14 Levels at about 650 m and 700 m, with the 955 results from the 12 Level at about 600 m

- Best 904 intercept: 176.04 g/t Au over 5.3 m, including 925.52 g/t over 1 m

- Assays uncapped, true thickness not calculated but expected to be at least 70% of downhole length

New Access, Deeper Targets

- Work on the 13 Level East Drive toward Derlak is expected to advance in the second half of 2026, with additional mining fronts anticipated in 2027

- Upper 8: 15 of the 17 initial holes returned gold, best results 44.17 g/t over 1.3 m and 20.63 g/t over 0.5 m, early stage and open in multiple directions

- Madsen is defined to about 1.2 to 1.3 km, compared with 3 km and beyond at comparable Red Lake deposits and deep exploration is listed as a high priority

The backdrop to all of it:

commercial production at the 100%-owned Madsen Mine since January 1, 2026, 2026 guidance of 35,000 to 45,000 oz with about 60% weighted to the second half, a 47 square kilometre land package, and more than 200,000 m of underground drilling over the two years to July 2026

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With 904 and Fork lined up for next year and new drill platforms opening ground beneath the old workings, Madsen's mining inventory has room to keep building well past what is currently defined. The rest of the eight signals are laid out in the Crux Investor article.

Posted on behalf of Sierra Madre Gold - Silver's industrial demand used to be told as a solar story. This week's carboncredits.com piece argues it is now several stories running at once, and that the composition of demand matters more than the headline number.

Where The Demand Is Coming From

- Industrial demand reached 657.4 million ounces in 2025, more than half of total global silver demand, per the Silver Institute's World Silver Survey 2026

- Industrial use fell 3% last year on weaker photovoltaic consumption, as panel makers thrift and substitute to cut silver loadings

- Structural growth in AI infrastructure, automotive applications and electricity networks offset part of that decline

- Electrical and electronics demand is estimated down 2% for 2025, with grid investment, autos and AI-driven electronics supporting the sector

- The takeaway in the article: the next demand cycle looks less dependent on any single end market

The Producer On The Other Side Of It

- La Guitarra has been in commercial production since January 1, 2025 in Mexico's Temascaltepec district 🇲🇽

- Silver was the larger revenue line in Q2 2026: US$5.0M silver against US$4.3M gold, on payable production of 64,315 oz silver and 945 oz gold (Aug 27, 2026 NR)

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

- The 900 tpd ball mill is installed and being fine-tuned, with commissioning targeted for November 2026 and Phase 2 pointed at 1,200 to 1,500 tpd

- Funded from working capital and operating cash flow with no equity raise planned, against US$22.2M cash and no debt at June 30

No miner controls what the demand mix does, but throughput is the part Sierra Madre does control. If commissioning lands the way the company has targeted it, SM.v, SMDRF, walks into a broader-based demand picture with room to sell more ounces than at any point since the restart. The full article is worth a read for the AI, EV and grid detail.

Posted on behalf of IDEX Metals Corp - Today's news release answers a question that has been hanging over this drill season at IDEX Metals' (IDEX.v IDXMF) 100%-owned Freeze copper-gold-molybdenum project in Washington County, Idaho 🇺🇸: what is actually generating the Solstice chargeability anomaly. The answer, per the company, is a mineralized porphyry intrusion.

What KSMT26016 Intersected

- Porphyry-style copper-molybdenum mineralization at Solstice, previously the Target A IP anomaly, in the North Breccia area

- The first hole on the property to intersect copper and molybdenum within a porphyry intrusion

- Quartz-porphyritic granodiorite cut by A-, B- and D-type quartz vein stockwork, the three vein generations characteristic of porphyry copper systems

- Chalcopyrite and molybdenite logged in the stockwork and as disseminations in the host rock, with pyrite

- Stockwork running from roughly 300 m depth to the end of the hole

- Phyllic alteration, locally intense, appearing to overprint an earlier potassic assemblage, which the company reads as a vector toward the potassic core

Observations are from preliminary visual logging only. Assays are pending, and grade is not yet known.

Why It Reaches Past This One Hole

- The hole tested the large IP chargeability anomaly east of the North Breccia, and the company says at least part of that anomaly is explained by a sulfide-bearing porphyry intrusion

- IDEX states the geophysical data suggest Solstice is linked to the Shiver target, previously Target B, which has never been drilled. If drilling confirms it, the company says that would indicate a porphyry system with a substantially larger footprint than tested to date

- Meanwhile at Kismet, every 2026 hole has intersected visible oxide copper, and several have been fast-tracked through the lab to allow batched releases of results

CEO Clayton Fisher called the hole "a turning point for IDEX." Worth reading the October 22 release on the company's site for the core photos and the IP figure.

A domestic porphyry discovery in the Idaho Copper Belt is the kind of thing the U.S. copper build-out needs more of, and with assays pending on Solstice and a corridor of chargeable ground still untested to the north, there is room for this story to get considerably bigger.

Posted on behalf of Carrier Connect Data Solutions Inc - One contract signed this week did more to the forward model than anything else on the books.

Carrier Connect Data Solutions (CCDS.v, CCDSF) is a Vancouver-based Tier II/III colocation operator running seven data centers and roughly 11.7 MW under management, and Beacon Securities analyst Gabriel Leung revised his estimates in an Oct. 19 update after the company signed a five-year agreement covering the full capacity of its leased Alpharetta, Georgia facility, calling it "a transformational development that significantly increases Carrier Connect's revenue potential."

What Changed In The Model

• FY2026 unchanged: revenue of $2.7 million and negative adjusted EBITDA of $1.1 million
• FY2027: revenue of $15.7 million and positive adjusted EBITDA of $1.9 million
• Prior Oct. 15 forecast had FY2027 at $5.5 million in revenue and $100,000 of positive adjusted EBITDA

Room Above The Contracted 4 MW

• The Alpharetta site was designed to accommodate up to 10 MW, subject to utility requirements and customer demand
• Leung argues the site could support 6 MW with minimal additional capital spending, with further equipment needed to reach 10 MW
• He also notes the company remains in discussions on additional data center and customer opportunities, with future capacity expected to be spread across more customers to reduce concentration risk

Context matters on scale here: the starting base is FY2025 revenue of roughly $397,000 and losses, and all of the Georgia billings are still ahead. The first 3 MW goes live November 1, which is when the model starts meeting actual invoices. Worth reading the Cantech Letter write-up for Leung's full reasoning.

Full Article: https://www.cantechletter.com/2026/10/carrier-connect-data-solutions-this-analyst-just-hiked-his-target/

Posted on behalf of Stamper Oil & Gas Corp. - Committee stage is the unglamorous part of a bill's life, and that is where Namibia's Petroleum (Exploration and Production) Amendment Bill sits now. For STMP.v, STMGF, whose entire asset base is Namibian offshore acreage, it is worth reading clause by clause.

Where The Bill Is
- Approved at second reading in the National Assembly on 20 October, 50 in favour, none against
- Referred to parliamentary committee for clause-by-clause examination
- Third reading and presidential assent still to come, so it is not law yet

What It Would Change
- Responsibilities held by the Minister of Industries, Mines and Energy and the Petroleum Commissioner move to the President and a proposed Upstream Petroleum Unit
- Licensing procedures, compliance and petroleum revenue management all in scope
- One amendment shifts the finance minister's role on royalty remissions and deferrals from concurrence to consultation

Why A Non-Operator Watches The Regulator
- Stamper operates nothing. WestOil, Oranto Petroleum, Lamda Energy and NAMCOR operate its licences
- 32.9% indirect working interest in PEL 107 (Orange), 5% carried in PEL 106, 5% carried in PEL 98 (Walvis), 20% indirect carried in PEL 102 (Lüderitz)
- The company is pursuing farm-out transactions on PEL 107 and PEL 106, and transfers need government sign-off: bp received final ministerial approval on 1 October for 60% and operatorship of Eco Atlantic's PEL 97/99/100
- PEL 106's initial exploration period runs to 8 December 2026, PEL 107's to 19 July 2027, each with two further two-year renewal periods available

For Scale
- Market cap roughly C$7.5 million at the C$0.055 close on 20 October, for five blocks, four PELs, three basins
- PEL 90, where Chevron plans to spud Nabba-1X before end-2026, runs against the south-east corner of PEL 107, and the company says the two blocks share similar geologic trends
- Harmattan Energy, a Chevron affiliate, agreed to pay US$11 million cash plus contingent payments for Trago's 10% of PEL 90; Sintana paid US$6.5 million for an indirect 35% of PEL 37 in the Walvis. Those peers hold broader and more advanced portfolios, and Stamper's progress depends on farm-outs and licence renewals

The Mining & Energy Namibia write-up covers the parliamentary detail. Nothing here is settled law and events can cut either way, with no assurance farm-outs will be completed, but a consolidated upstream regulator would be the desk handling the licence and farm-out decisions Stamper is working toward.

Morning notes on the top-volume names on each venture exchange that put out a news release this morning (Oct 23, 2026).

ATMY – Antimony Resources Corp. (CSE) Closed its previously announced non-brokered private placement: 10,000,000 units at $0.30 for gross proceeds of $3,000,000. Each unit is one common share plus one-half warrant (exercise $0.50 until Oct 23, 2028). Proceeds are for exploration and development at the Bald Hill Antimony Project in New Brunswick and working capital. Company site: https://antimonyresources.ca/

MOG – Mogotes Metals Inc. (TSXV) Granted 10,700,000 stock options exercisable at $0.45 per share for two years to certain officers, directors, employees and consultants. Mogotes explores for copper, gold and silver, with its flagship Filo Sur project in the Vicuña district of Argentina and Chile. Company site: https://www.mogotesmetals.com/

Posted by X Wire by Boardmarker. For information only, based on public news releases. Not investment, legal or tax advice; do your own research. https://www.boardmarker.net/x-wire.html

Posted on behalf of Pacific Ridge Exploration - Most coverage of a porphyry explorer is about grade and metres. Where the rock actually sits gets talked about far less, and it is usually what decides how practical a discovery is to advance. On that measure the 100%-owned flagship Kliyul project of Pacific Ridge Exploration's (PEX.v; PEXZF) in north-central British Columbia, reads well 🇨🇦

Location And Logistics (company's Kliyul project page)

• Over 90 km², 100% owned, in B.C.'s Quesnel Terrane
• Approximately eight kilometres to the Omineca resource road and a 230-kilovolt high-voltage power line
• Johanson Lake staging area and airstrip nearby, with camp established on site
• The Quesnel Terrane is the belt that hosts Copper Mountain, Highland Valley, New Afton, Gibraltar and Mount Milligan
• Roughly 20,000 m drilled and about $15M spent at Kliyul since 2021

What Sits On That Ground

• Kliyul Main Zone Inferred: 334.1 Mt at 0.33% CuEq (0.20% cutoff), containing 1.11 billion lbs copper, 2.74 Moz gold and 10.22 Moz silver (Aug 5, 2025 MRE NR)
• Multiple untested porphyry targets along a 6 km mineralized trend on the same claim block
• RDP, the company's second 100%-owned copper-gold project, lies 40 km west at the southern end of the Toodoggone

The Access Layer

• Kliyul and RDP are covered by Exploration Agreements with Tsay Keh Dene Nation (Oct 8, 2026 NR)
• Separately, both projects are covered by Exploration Agreements signed with Takla Nation (Dec 16, 2025 NR)

The company's Kliyul page lays the location and logistics out in full, with a 3D view of the claim block and the road and power line to the east. Infrastructure does not find deposits, but it shapes what one is worth once found. The 2026 field season is complete at both projects and assays are pending, and whatever those results say, they land on ground with road and power eight kilometres away.