Centerra Gold (TSX: CG, NYSE: CGAU)

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye.

The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield District Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.

Century Lithium Corp. (TSXV: LCE)

Century Lithium Corp. is an advanced-stage lithium development company focused on its 100%-owned Angel Island lithium project in Esmeralda County, Nevada. Angel Island hosts one of the largest known sedimentary lithium deposits in the United States and is designed with an integrated, end-to-end process for the on-site production of battery-grade lithium carbonate to support the electric vehicle and battery storage markets. The Company has developed a patent-pending process that incorporates hydrochloric acid leaching combined with direct lithium extraction to produce battery-grade lithium carbonate. As part of the integrated chlor-alkali process, Angel Island is engineered to produce sodium hydroxide as a co-product, with planned surplus sales expected to lower operating costs, reduce reliance on externally sourced reagents, and minimize environmental impacts. Century Lithium is currently advancing Angel Island through the permitting process.

Korea Zinc (KRX: 010130)

Korea Zinc is a company with a proud 51-year history as a global leader, producing over 1.2 million tons annually around 20 types of non-ferrous metals —more than half of which are critical metals—while adhering to the highest standards of environmental responsibility. The 20 types of non-ferrous metals are zinc, lead, copper, silver, gold, bismuth, antimony, indium, etc.

Lion Rock Resources (TSXV: ROAR)

Lion Rock Resources (TSXV: ROAR, OTCQB: LRRIF, FSE: KGB) is advancing the Volney Project in South Dakota's Black Hills, where Phase 1 drilling has delivered a new gold discovery and confirmed a multi-commodity critical mineral system. The Company completed 3,600 metres of diamond drilling across 15 holes in the first modern drill program ever conducted at Volney.

All nine gold holes returned mineralization, defining a zone 500 m long, 400 m wide, and 200 m deep across multiple zones that remain open in every direction. Near-surface geometry supports bulk-tonnage mining potential. Critical mineral assays confirmed lithium, tin, tantalum, and additional critical minerals within an LCT pegmatite system. All minerals are on the current US Critical Minerals List.

The 142-hectare project sits entirely on private land with surface and mineral rights, enabling year-round access and rapid permitting. Volney is located near the historic Homestake Mine (40+ Moz Au) and Coeur Mining's Wharf operation. Additional critical mineral assays remain pending and will be announced as received. The Company is funded through a $5.3 million financing closed in Q3 2025 and is planning an expanded Phase 2 program.

Q2 Metals (CVE: QTWO)

Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The Cisco deposit is 6.5 km from the Billy Diamond Highway, which leads to rail facilities in the Town of Matagami, ~150 km to the south and deep sea ports beyond. The Cisco MRE defines a pit constrained 270 Mt at 1.36% Li2O Inferred at a cut-off grade of 0.4% Li2O with an additional underground constrained MRE of 24 Mt at 1.34 Li2O Inferred at a cut-off grade of 0.7% Li2O, for a total combined inferred mineral resource of 295 Mt at 1.36% Li2O. The deposit remains open along strike, with multiple additional high potential targets identified across the broader 41,253 ha project area. The 2026 exploration program is ongoing, primarily focused on infill drilling towards indicated resource definition for inclusion in an inaugural Preliminary Economic Assessment, targeted for 2027. Targeted expansion and exploration for new discoveries is planned for high priority targets around the deposit and elsewhere on the project.

US Gold Mining (NASDAQ: USGO)

Whistler is a resource-stage gold-rich copper porphyry exploration project located within the Alaska Range 105 miles (170 km) northwest of Anchorage, Alaska, USA. The regional land package comprising State of Alaska mining claims totals 53,700 acres (217 sq km). The Whistler Project has indicated resources of 5.4 million gold equivalent ounces and inferred resources of 5.0 million gold equivalent ounces. Mineral resources have been estimated at three gold-copper porphyry deposits (Whistler, Raintree West and Island Mountain) and several additional geophysical and geochemical targets anomalies contain mineralized drill intersections that require follow-up drilling. U.S. Gold Mining recently announced the results of the Preliminary Economic Assessment (or PEA), for its 100%-owned Whistler Gold-Copper Project. 

Minera Alamos (TSXV: MAI)

Minera Alamos Inc. (soon to be renamed Mining Americas Inc.) is a growing North American gold production and development company with projects in Nevada, Arizona, and Mexico. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of the producing Pan mine and the adjacent permitted Gold Rock project, as well as the nearby past-producing Illipah project.

The Company also owns the Copperstone project in La Paz County, Arizona, a permitted, advanced underground gold project. The Company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro project, an open pit heap leach gold development project in northern Zacatecas.

The Company’s strategy is to become a leading, U.S.-focused intermediate gold producer by growing production at its Pan Operating Complex and developing its pipeline of high-quality, low-capital projects while expanding gold resources across its portfolio.

The Company recently announced a proposed name change to Mining Americas Inc., subject to shareholder vote at its June 25, 2026 AGM. See the News Release dated May 11, 2026 for more details.

New website coming soon: https://www.miningamericas.gold/

Argenta Silver (TSXV: AGAG)

Argenta Silver Corp. is a growth-oriented exploration company focused on unlocking high-grade silver resources essential to the global energy transition. Its flagship 100%-owned El Quevar Project in Salta, Argentina, covers 57,000 hectares within a prolific mining jurisdiction and remains largely underexplored, with only ~3% systematically evaluated to date, highlighting significant discovery upside. El Quevar is supported by exceptional existing infrastructure, including established site access, a fully operational camp, and proximity to rail, gas, and major road networks. This foundation provides a capital-efficient platform to advance exploration and streamline the path toward development. The foundational Mineral Resource Estimate of the Yaxtché deposit within El Quevar hosts an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag (see website for more details). The mineral resource area remains open at depth and on both ends to the southeast and northwest. Recently, Argenta is led by a seasoned team with a track record across exploration, capital markets, and project development. The Company is executing a disciplined, data-driven strategy to expand and enhance the scale of the resource, while maintaining a strong commitment to responsible mining practices. With silver playing an increasingly critical role in electrification, renewable energy, and advanced technologies, Argenta is well positioned to deliver leveraged exposure to a high-quality, scalable silver system in a favourable jurisdiction.

Elevate Uranium (ASX: EL8)

Elevate Uranium is one of the most active uranium focused companies listed on the ASX. Elevate Uranium has been proactive through the period of low uranium prices, building the company through organic and inorganic growth. Elevate Uranium has geographically diverse assets with a successful exploration program in Namibia with significant upside potential, and recently acquired assets in Australia.

These assets are high value assets in their own right, but when Elevate Uranium applies its proprietary beneficiation process (U-pgrade™), the value addition takes these assets to another level. U-pgrade™ is a patented beneficiation process developed in house and has the potential to reduce the capital and operating costs by 50% compared to conventional technology.

U-pgrade™, a process that no other uranium company has, provides Elevate Uranium with a strategic advantage which clearly differentiates it from its peers.

Thesis Gold & Silver (TSXV: TAU)

Thesis Gold & Silver Inc. is Canadian precious metals development company focused on advancing its 100%-owned Lawyers-Ranch Gold-Silver Project in British Columbia’s prolific Toodoggone Mining District, one of North America’s most prospective emerging precious-metals districts. Lawyers-Ranch hosts a large, high-quality gold equivalent Mineral Resource with meaningful exposure to silver, which represents a significant component of the Project and long-term value proposition.

Thesis Gold & Silver is advancing Lawyers-Ranch through feasibility, permitting, and continued exploration, with the objective of unlocking long-term value for shareholders and stakeholders.

West Red Lake Gold (TSXV: WRLG)

West Red Lake Gold Mines is ramping up its first gold mine, which is the Madsen mine, with a view to achieving operational stability and commercial production very early in 2026. Madsen is a high-grade underground gold mine that operated historically; the restarted mine will produce approximately 50,000 oz. in 2026 as one of very few new single-asset operators in this gold market. By 2028 the company plans to boost output to 100,000 oz. per year by boosting output at Madsen some and putting its nearby Rowan project into production. Production growth of this scale is rare in the gold space.

Xali Gold (TSXV: XGC)

Xali Gold is focused on the development of Pico Machay, an advanced-stage gold project in South America with a near-term production goal. Previous owner, Aquiline Resources Inc. made a production decision targeting an open-pit heap-leach operation, expected to be low-cost in 2009, using a gold price of $700/oz.

In Mexico, Xali Gold maintains exploration potential as well as two royalty agreements with third parties who have rights to produce gold and silver from specific areas of the El Oro gold-silver Project in Mexico, a historic district-scale system with a long history of significant gold and silver production.

Zodiac Gold (TSXV: ZAU)

Zodiac Gold Inc. (TSX.V: ZAU; FSE: K19; OTCQB:ZAUIF) is a West-African gold exploration company focused on its flagship Todi Gold Project in Liberia—an underexplored, politically stable, mining friendly jurisdiction hosting several large-scale gold and iron ore deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac Gold is developing a district-scale gold opportunity with additional iron ore potential, covering a vast 2,316 km2 land package. The Todi Gold Project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and high-grade gold intercepts. For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact: David Kol President & CEO info@zodiac-gold.com

First Majestic Silver (NYSE: AG, TSX: AG)

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.

First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.

NovaGold (NYSE American: NG, TSX: NG)

NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) is a pure-play gold development company focused on advancing the Donlin Gold project in Alaska. NOVAGOLD currently holds a 60% ownership interest in Donlin Gold, with the remaining 40% held by Paulson Advisers and its affiliates.

Donlin Gold is one of the largest and highest-grade undeveloped open-pit gold projects in the world, containing approximately 40 million ounces of gold in Measured and Indicated Mineral Resources at an average grade of 2.22 g/t. Located in Alaska, a premier mining jurisdiction, Donlin Gold combines exceptional scale, grade, exploration upside, and leverage to rising gold prices.

NOVAGOLD is well-funded, ending the first quarter of 2026 with approximately $393 million in cash and term deposits. This strong treasury provides the financial flexibility to advance the Bankable Feasibility Study (BFS), support ongoing project activities, and pursue the next phase of development.

Gunnison Copper (TSX: GCU)

Gunnison develops and operates copper mines in Southern Arizona to produce fully Made in America finished copper cathode to directly supply American energy, defense, and manufacturing supply chains. Gunnison proudly hires locally, purchases locally, and sells its products locally. Gunnison invests in its employees, their families, and the communities around it. Gunnison operates safely and responsibly with a focus on technology and positive societal impact, while also emphasizing long-term value creation for stakeholders.

The company’s Johnson Camp Mine (JCM) is now in production, delivering 100% Made-in-America copper cathode to domestic supply chains. The operation is working with Nuton LLC, a Rio Tinto Venture, which will deploy Nuton’s bioleaching technologies to expand production and unlock the district’s sulfide potential.

A comprehensive PEA was completed on the Company’s “Gunnison Project”, which incorporates a large open pit of predominantly copper oxide mineralization approximately 2 kilometers south of JCM. The project is designed as a conventional open pit, heap leach, SX/EW operation producing 99.999% pure copper cathode intended to supply United States energy, data center, manufacturing, and defense supply chains. The project has an average annual copper cathode production of 174 million pounds (“lbs”) (87 thousand tons) for the first 15 years; enough to potentially supply over 11% of the current United States domestic refined copper metal production from mineralized material. Total copper produced 3.2 billion lbs over a 21 year mine life.

Andean Precious Metals (TSX: APM)

Andean is a growing precious metals producer focused on top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé project in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.

Millennial Potash (TSXV: MLP)

Millennial Potash Corp. (TSX.V: MLP | OTCQB: MLPNF | FSE: X0D) is a development-stage potash company advancing the Banio Potash Project in Gabon, West Africa. The updated 2025 Mineral Resource Estimate outlines 2.45 Bt Measured & Indicated and 3.56 Bt Inferred, both grading 15.6% KCl, across only ~5% of Millennial's ~1,500 km² land position. Banio's Atlantic coastal location supports strong PEA economics — US$1.07B post-tax NPV₁₀, 32.6% IRR, and US$61/t OPEX — with direct shipping access to Brazil, the U.S., and Africa. With a Definitive Feasibility Study and ESIA underway and US$3M in non-dilutive funding from the U.S. DFC, Banio is positioned as a strategic, low-cost, long-life supplier to global fertilizer markets.

Serabi Gold (LSE AIM: SRB, TSX: SBI)

Serabi is a UK based gold producer with operations in the prolific Tapajós region of Brazil. The Company’s shares are quoted on AIM, TSX, and OTCQX. Our shorter-term strategy is to increase production to 60,000 oz pa Au by end 2026 and become a 100,000 – 200,000 oz pa Au producer within 3-5 years.

Dilolo Metal and Resources (private)

Dilolo Metal and Resources SARL ("DMR") is a private company incorporated under the laws of the Democratic Republic of the Congo (“DRC”) with offices at 4302, Route Likasi, Musompo Village, Kolwezi, Lualaba Province, Democratic Republic of the Congo. DMR is the holder of various PE’s (Exploitation/Mining Permits) and a PR (Exploration Permits) in the Lualaba Province of the DRC. All assets held by DMR are completely unencumbered, legal and valid.

A2 Gold (TSXV: AUAU, OTCQX: AUXXF, FRA: RR7)

A2Gold Corp. owns three highly prospective gold projects in the United States all of which are in the mining-friendly jurisdiction of Nevada. A2Gold’s flagship, district-scale Eastside Gold-Silver Project hosts a large and expanding gold and silver resource and is in an area of excellent infrastructure.

Aftermath Silver (TSXV: AAG, OTCQX: AAGFF, FRA: FLM1)

Aftermath Silver Ltd. is a high-profile junior development / exploration company listed on the Toronto Venture Exchange (TSX-V: AAG) and the OTCQX (OTC: QX AAGFF).

The 100% owned Berenguela project in southern Peru is the Company's flagship asset. The Berenguela deposit hosts a major silver (122m M&I and 20m Inferred silver ounces), copper and manganese resource positioning Aftermath as a key source of critical metals.  In addition to the large silver and copper resource, Berenguela has the potential to be a globally significant producer of High Purity Manganese Sulphate for the electric vehicle and battery industry.

Berenguela is one of Latin America’s pre-eminent development projects. The Project is close to rail, water, power and road access. Mineralization begins at surface and an updated NI43-101 resource was released in November 2025 which increased the Measured and Indicated Resource by 21%. The Company will be completing a Pre-Feasibility Study in Q1, 2027

Aftermath will be conducting follow up drilling on the recent high-grade silver, copper and manganese intersections in the eastern part of the deposit (156 metres from surface grading 290g/t silver, 1.22% Copper and 7.3% manganese). The team is also preparing to drill a highly prospective area 5km southwest of the Berenguela Deposit where high grade copper skarn mineralization has been observed at surface above a large geophysical anomaly.

The Company will also be drilling at the Challacollo silver project, located in northern Chile, aimed at expanding the current resource and drill testing the known veins. The current Resource at Challacollo is 35m ounces of silver in Measured and Indicated with a further 10m Inferred ounces of silver. Challacollo is located off the Pan American Highway in Region 2 Chile.

Senior Management and the Board of Directors have both technical and capital market experience, with a focus on Latin and North America. They have collectively been involved in numerous M&A transactions, raising over $1-billion dollars since 2010, and the technical team has been involved in multiple production scenarios. Approximately 25% of issued and outstanding shares are held by noted resource investor Mr. Eric Sprott. Aftermath Silver is currently one of Mr. Sprott’s largest holdings.

Albright Metals (ASX: ABR)

Albright Metals Limited is headquartered in Perth, Western Australia. Albright Metals offers investors exposure to a compelling combination of high-grade gold development and North American exploration for the strategic metal antimony. The Company’s mission is to grow investor value by supplying critical metals to meet the growing demands of national security and the global technology transformation.

Allied Critical Metals Inc (CSE: ACM, OTCQB: ACMIF, FSE: 0VJ0)

Allied Critical Metals Inc. is a Canadian-based mining company advancing the redevelopment of its 100%-owned, past-producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. The Company is focused on becoming a leading, secure Western supplier of tungsten—one of the world’s most strategically critical metals—essential for defense systems, industrial manufacturing, energy infrastructure, and next-generation technologies. Allied’s flagship Borralha Tungsten Project is underpinned by a robust initial Preliminary Economic Assessment (PEA), demonstrating strong project economics, including an NPV of $963.8 million (USD $706.4 million) at USD $1,500/mtu WO₃ (Current price is over $3,200/mtu WO3), an IRR of 78.4%, and a payback period of approximately 1.2 years. The study outlines a low-cost operation with projected life-of-mine operating costs of approximately US$59.3/mtu WO₃ and initial capital expenditures of approximately US$91.5 million, positioning Borralha as a high-margin, near-term production opportunity within the European Union.

American Pacific Mining Corp (CSE: USGD, OTCQX: USGDF)

American Pacific Mining Corp. is a precious and base metals explorer and developer focused on opportunities in the Western United States. The Company’s flagship asset is the 100%-owned past-producing Madison Copper-Gold Project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for ‘Deal of the Year’ at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Through a 2025 transaction with Vizsla Copper, American Pacific has established a major equity position with milestone upside exposure to the advanced exploration-stage Palmer Copper-Zinc VMS Project in Alaska. American Pacific also holds a significant equity position in ICG Silver & Gold through a spin-out of the Tuscarora District Project in Nevada. Several additional high-grade precious metals projects located in key mining districts in Nevada remain in the asset portfolio. The Company’s mission is to provide shareholders with discovery and exploration upside exposure across its portfolio through partnerships, spin-outs and direct exploration.

ATEX Resources (TSX: ATX, OTCQX: ATXRF)

ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick). Valeriano hosts a large, high-grade, copper-gold porphyry Mineral Resource: an Indicated Resource of 475 Mt at 0.88% CuEq (0.58% Cu, 0.25 g/t Au, 1.39 g/t Ag and 70.4 g/t Mo) at a cutoff grade of 0.35% Cu, and an Inferred resource of 1,511 Mt at 0.75% CuEq (0.50% Cu,0.20 g/t Au, 1.16 g/t Ag and 70.6 g/t Mo) at a cut-off grade of 0.35% Cu, as reported on September 23, 2025.

Awalé Resources (TSXV: ARIC)

Awalé Resources is a diligent and systematic mineral exploration company focused on discovering large-scale gold and gold-copper deposits in Côte d’Ivoire. The Company’s flagship Odienné Project now hosts an initial inferred Mineral Resource Estimate of 1.71 million ounces gold equivalent across the BBM, Charger, and Empire deposits (32.4 Mt at 1.33 g/t Au and 0.33% Cu), providing a strong foundation for ongoing growth and future economic studies. The Odienné Project covers 2,346 square kilometres across seven permits, including 797 kilometres held under the Awalé-Newmont Joint Venture. Awalé manages exploration activities across the joint venture area, with funding currently provided by Newmont Ventures Limited under the Exploration Agreement signed in May 2022.

In addition to the current resource base defined on the joint venture ground, Awalé controls a substantial 100%-owned land position across the broader Odienné district, where multiple untested and early-stage targets provide additional potential discovery upside. Across the Project, Awalé has identified multiple gold and copper-gold systems and continues to build a pipeline of targets with potential to support further discoveries and resource growth. With a skilled and experienced technical team, Awalé is advancing exploration in an underexplored and pro-mining jurisdiction with clear potential for district-scale discoveries.

BP Silver Corp (TSXV: BPAG, OTCQB: BPSCF)

Projects in Bolivia. The Company’s flagship asset, the Cosuño Project, is strategically located in the prolific Bolivian silver belt, a region with a rich mining history and significant untapped discovery potential. With a strong technical team and a disciplined exploration strategy, BP Silver is positioned to unlock value for its shareholders through the discovery and development of major silver deposits.

Bradda Head Lithium (AIM: BHL)

Bradda Head Lithium is a new breed of lithium explorer with unique exposure across all three main recognised lithium deposit types; brine, hard rock (or pegmatite) and sedimentary (or clay).

The Company has projects in the USA, a growing and strategically important lithium end-user market. All projects are 100% owned and are located in close proximity to infrastructure and end-users – a distinct advantage over competitors and helping to fill the low carbon lithium supply gap for US domestic users.

Caledonia Mining Corporation plc (NYSE: CMCL)

Caledonia Mining Corporation Plc is a Zimbabwean focused exploration, development and mining corporation. Caledonia owns a 64% stake in the gold-producing Blanket Mine, 100% stakes in the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims, all situated in Zimbabwe. After increasing the production at Blanket to 80,000oz in 2022 our main focus areas are to maintain production at around 74-78,000oz at Blanket, complete the Bilboes feasibility study and become a multi-asset gold producer in Zimbabwe. The Company pays a quarterly dividend of 14 cents a share which is a yield of around around 3.3%.

Cerrado Gold Inc. (TSXV: CERT, OTC: CRDOF)

Cerrado Gold is a Toronto-based gold production, development, and exploration company. The Company is the 100% owner of the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the Company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamau, Quebec. In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas ("MDN") operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project and the Paloma Underground. An extensive campaign of more than 50,000 metres exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff. In Portugal, Cerrado is focused on the development and exploration of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near the deposit and at prospective step-out targets across the large 7,209-hectare property concession. In Canada, Cerrado is developing its 100% owned Mont Sorcier high-purity, high-grade, direct-reduced iron project. The Mont Sorcier project has the potential to produce a premium 67% iron concentrate over a long mine life at low operating costs and low capital intensity.

DRD GOLD (NYSE: DRD, JSE: DRD, A2X: DRD)

DRDGOLD Limited is a South African company and world leader in reclaiming surface gold resources (tailings) and, through the astute use of technology, produces gold and releases hundreds of hectares of rehabilitated land for social + industrial development, empowering host communities, reversing gold mining’s environmental legacy, aligning with “Green Mining” principles. Business is conducted to be profitable and to create value for all stakeholders in the short-, medium- and longer-term, seeking synergies between financial, human, social, nature and manufactured aspects of the business.

Excalibur Metals (TSXV: EXCL)

Excalibur Metals Corp. is focused on exploring for precious metals within established mining areas in the Western United States. The Company has acquired the option to purchase 100% of the Bellehelen Project in Nye County, Central Nevada. The claims cover most of the historic Bellehelen Mining District, where gold and silver were initially discovered and mined in the early 1900’s. Excalibur has assembled an exceptional team with considerable exploration, developing and permitting experience within North America. Excalibur is traded on the TSX Venture Exchange (TSXV) under the symbol “EXCL” and on the OTCQB Venture Market under the symbol “EXCBF”. For more information, visit www.excaliburmetals.com.

Fitzroy Minerals Inc (OTC: FTZFF, TSXV: FTZ)

Focused on exploring and advancing commercial copper and gold discoveries in Chile.

The world needs more copper mines. Fitzroy is focused on shallow exploration projects with good grade, simple metallurgy and infrastructure advantages. Gold and silver are important economic by-products.

Fitzroy’s property portfolio includes the Buen Retiro Copper project, the Caballos Copper-Molybdenum-Gold-Rhenium project, and the Polimet Gold-Copper-Silver project, which are all in Chile. In addition Fitzroy has the non-core Taquetren Gold project in Argentina, and the non-core Cariboo project in British Columbia, Canada.

Galleon Gold Corp (TSXV: GGO)

Galleon Gold’s West Cache Gold Project in Timmins, Ontario is located between Pan American Silver’s Timmins West Mine and Discovery Silver’s Hollinger Mine. Led by perennial mine builder David Russell, the Company is gearing up for its first test mining on the project. The 86,500 tonne underground bulk sample is expected to produce approximately 20,000 ounces of gold, adequately covering the development costs, and will provide valuable data for pre-feasibility studies. Galleon Gold’s strategy is to systematically de-risk the project while continuing to grow the asset through exploration.

Gecko Namibia Holdings (Pty) Ltd (private)

Gecko Namibia Holdings is a fully integrated Namibian exploration and mining company with a proven track record of numerous greenfield discoveries across a wide range of commodities. The company owns several fully licensed mining projects and is currently offering an advanced project for direct sale. The Ondoto Rare Earths Mine features unusually high grade bastnaesite ore with 18% TREO and near completion front end mining infrastructure.

GFG Resources Inc. (TSXV: GFG, OTCQB: GFGSF)

Gold explorer with 3 district scale assets in Timmins Gold District in Ontario, Canada. Projects are adjacent to Agnico, Newmont, IAMGold, Pan American, McEwen, Mayfair and Onyx.

A trusted team with a proven track record in exploration, development and production. Transformed our last company from a C$20M market cap to C$700 when we sold it to SSRM Mining.

Strategic investment by Alamos Gold & back by Lundin Family Fund, Gold 2000, US Global to name a few.

GoGold Resources (TSX: GGD, OTCQX: GLGDF)

GoGold's Management Team are veterans of successful mine development and operation in Mexico. In addition to their extensive business and government relationships, they have the knowledge, experience and financial acumen required to turn properties into profitable producing mines.

Brad Langille, GoGold's President and CEO, is a successful mine builder. He, along with Board Chairman John Turner and other members of the senior executive have raised hundreds of millions of dollars in capital markets to bring mines into production. The founders and senior management have a proven history of strategically building ounces, forming long-term financial alliances, and creating thousands of jobs.

Utilizing their international list of institutional and retail contacts, writer's coverage, and strategic media placement, GoGold continues to aggressively market the company.

Hayasa Metals (TSXV: HAY, OTCQB: HAYAF, FSE: FR20)

Hayasa Metals Is a junior exploration company listed on the TSXV under the ticker HAY. HAY controls two properties in Armenia: Vardenis is a 94 km^2 copper-moly porphyry - on which Hayasa has a an option agreement with Teck Resources where they spend US$15mln before the end of 2029 to earn 70%. The other is Urasar, a copper gold, multi-element deposit. We are drilling in June on this property on the back of a late season hole that resulted in 39m of 0.5% copper near surface. We intend to add up to three more properties this year.

Jaguar Mining Inc (TSX: JAG)

Jaguar Mining Inc. is a Canadian-listed mid-tier gold producer, developer, and explorer focused on Brazil’s prolific Iron Quadrangle, a premier greenstone belt in Minas Gerais. The Company operates three gold mining complexes and holds a large, highly prospective land package with significant exploration upside. A long-term operator in the region, Jaguar has been in continuous production since 2002, combining established operations with a strong pipeline of growth opportunities.

Jaguar Uranium Corp (NYSE: JAGU)

Jaguar Uranium Corp. is a South America-focused uranium exploration company advancing a portfolio of prospective brownfield projects across Argentina and Colombia. Argentina’s Historic and Emerging Opportunities In Argentina, Jaguar is advancing the Laguna Salada Project in Chubut Province and the historic Huemul uranium mine in Mendoza Province. Anchored by a former producing mine, a historic uranium district and exploration projects supported by historical drilling, the Company is focused on advancing and expanding uranium opportunities across the region. Colombia’s Berlin Project: A Key Uranium District The Company’s Berlin Project in Caldas Province, Colombia is a district-scale, sedimentary-hosted polymetallic system historically reported to host uranium alongside rare earth elements, vanadium, nickel, phosphate, molybdenum, rhenium and zinc. Jaguar completed a $25 million initial public offering on NYSE American in February 2026 and is led by an experienced team with backgrounds in exploration, permitting, project development and mining finance in South America.

Lahontan Gold Corp (TSXV: LG, OTCQB: LGCXF)

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and continue drill testing its satellite West Santa Fe project during 2026.

Laiva Gold Inc. (CSE: SISU)

Laiva Gold Inc is a Canadian mining company with its flagship operation, Laiva Mine, based in Finland. The company initiated its spin out process from Pilar Gold Inc in March 2023 and plans to begin gold production in the near term.

The company is currently private and plans to go public in 2025.

Lithium Africa Corp (TSXV: LAF, FRA: 6MQ)

Lithium Africa Corp., listed on the TSX Venture Exchange in February 2026, is a multi-jurisdictional lithium exploration company focused on Africa's most prospective and underexplored hardrock pegmatite districts, holding an indirect 50% interest in over 4,200 km² of exploration assets across South Africa, Côte d'Ivoire, Guinea, Mali, Morocco, and Zimbabwe. Through a 50/50 joint venture with Ganfeng Lithium, one of the world's largest lithium producers, every dollar the Company raises is effectively doubled into the ground, pairing Lithium Africa's African geological expertise and local relationships with Ganfeng's lithium-sector capital and downstream reach. The flagship Springbok Project in South Africa is a past-producing brownfield spodumene asset with more than 40 known spodumene-bearing pegmatites and district-scale upside, anchoring a six-country portfolio built to deliver high-quality spodumene, sustainably, into the next lithium cycle.

Mayfair Gold Corp (TSXV: MFG, NYSE: MINE, FRA: 9M50)

Mayfair Gold is a gold mining company focused on unlocking the value of its 100%-owned Fenn-Gib gold project in Ontario, Canada, through a disciplined approach that focuses on a smaller scale, higher-grade initial development to mitigate risk, reduce upfront capital cost and proceed through the Ontario Provincial Permitting pathway to advance the project into production.

Mayfair is committed to the responsible development of the Fenn-Gib gold project, with a commitment to health, safety, and environmental stewardship. As part of that commitment, the Company will endeavour to build relationships based on trust and mutual respect with the Indigenous nations and communities in which we operate, with the goal of unlocking the value of Fenn-Gib in a collaborative approach.

The Fenn-Gib gold project is located within the prolific Timmins Gold District. The Project has a 4.3 million ounce indicated gold resource and is located 80km from Timmins, Ontario, 21km from Matheson, Ontario, and 10km from the Black Fox Mine (Owned by McEwen Mining). Accessible by way of Highway 101, allowing the Company to utilize existing access and infrastructure to advance the Fenn-Gib Gold project to production.

Mayfair is led by an experienced team with a background in capital markets and technical expertise. The team has a proven track record of recognizing opportunity and unlocking value through the execution and advancement of development stage mining assets into production. 39% insider ownership creates significant shareholder alignment. We believe in the potential of the Fenn-Gib Project and the value that can be created by advancing development stage assets to production. 

McFarlane Lake Mining (CSE: MLM, OTCQB: MLMLF, FRA: W2Z)

McFarlane Lake Mining Limited is a Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the established Abitibi Greenstone Belt. The Juby Gold Project hosts a current (effective September 29, 2025) NI 43-101 compliant Mineral Resource Estimate (“MRE”) of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold (31.74 million tonnes) and an additional 3.17 million ounces of gold in the Inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes). The estimate was calculated using a long-term gold price of US$2,500 per ounce, applying cut-off grades of 0.25 g/t gold for open pit and 1.85 g/t gold for underground resources. In addition to Juby, McFarlane holds a portfolio of 100%-owned gold assets across Ontario, including the past-producing McMillan Gold Mine and Mongowin properties located approximately 70 kilometres west of Sudbury and the Michaud/Munro properties located 115 kilometres east of Timmins. McFarlane is a reporting issuer in Ontario, British Columbia, and Alberta.

Midnight Sun Mining (TSXV: MMA, OTC: MDNGF)

Midnight Sun is rapidly advancing the Solwezi Copper Project, with a focus on our flagship Dumbwa Deposit. The Project is located near the town of Solwezi in the heart of the Zambia–Congo Copperbelt, the world’s second-largest copper-producing region. This prolific mining district is renowned for hosting multiple major copper deposits, and benefits from excellent infrastructure, an established mining workforce, and a long history of successful production. The Solwezi Copper Project is surrounded by producing copper mines, including the geologically similar Lumwana Mine just west of our project and First Quantum’s Kansanshi Mine, Africa’s largest copper mining complex, approximately 6 kilometres east of the company’s recently announced Kazhiba Oxide Resource. This highly favourable location highlights the district-scale potential of Midnight Sun’s land package. The Dumbwa Deposit sits beneath a robust 20-kilometre copper-in-soil anomaly peaking at 0.73% copper at surface, and ongoing drilling has already delineated 5 kilometres of drilled strike extent. The company is targeting +1 billion tonnes at 0.5% copper at Dumbwa. The Dumbwa Deposit bares strong geological similarities to the nearby Lumwana deposit, underscoring its potential to be the Domes Region’s newest major copper deposit. The company is currently employing 5 drill rigs, and averaging 10,000 metres drilled per month, expecting to reach 12 kilometres of initial drilled strike extent by the end of 2026. Led by an experienced geological team with a proven track record of major discoveries in the Zambia–Congo Copperbelt and globally, Midnight Sun’s goal is to deliver Zambia’s next generational copper deposit, when the world needs it most.

Mineros S.A. (TSX OTC: MSA, BVC: MNSAF)

Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with mines in Colombia and Nicaragua and a pipeline of development and exploration projects throughout the region.

The board of directors and management of Mineros have extensive experience in mining, corporate development, finance and sustainability. Mineros has a long track record of maximizing shareholder value and delivering solid annual dividends. For over 50 years Mineros has operated with a focus on safety and sustainability at all its operations.

Mount Ridley Mines (ASX: MRD)

Mount Ridley Mines is an Australian exploration company focused on unlocking the rich critical mineral potential of its namesake project. With a commitment to responsible development, technical excellence and strong governance, Mount Ridley is advancing its large-scale project near Esperance, Western Australia. The Company is dedicated to building long-term value through disciplined exploration, sustainable practices, and strategic growth, supported by a highly experienced Board and Management team committed to delivering results.

Nevada King Gold Corp (TSXV: NKG, OTCQB: NKGFF)

• Nevada King (NKG-TSXV; NKGFF-OTC) offers investors exposure to a high-grade oxide gold resource, and an aggressive exploration program on an underexplored, highly prospective land package in the world’s top mining jurisdiction.

• The company is focused on advancing and growing its 100% owned, past producing, 130km2 Atlanta Gold Mine project located in southeast Nevada. The project hosts an NI 43-101 compliant pit-constrained, oxide resource of 1.12moz Au at 1.11g/t in all categories.

• Management and insiders are well aligned with ~40% ownership from ~$40m invested and the company is currently conducting its fully funded Phase 4 exploration program focused on advanced targets within its district scale land package.

Numa Numa Resources (private)

Numa Numa Resources, Inc. is an exploration and development stage mining company operating in the Autonomous Region of Bougainville, an autonomous region of Papua New Guinea. Bougainville is famously home to the Panguna Mine, one of the largest known copper/gold deposits in the world, which has lain dormant since Bougainvilleans fought for their independence from Papua New Guinea starting in 1989. Now on the verge of independence and in need of mining revenues to fund the final step, the Autonomous Bougainville Government and the landowners of the Panguna Mine and other equally prospective areas have selected Numa Numa Resources, Inc. as their development partner to both restart the Panguna Mine and develop the local infrastructure and other prospective areas of their country.

Omai Gold Mines Corp (TSXV: OMG, OTCQB: OMGGF)

Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in mining-friendly Guyana, South America. The project hosts two adjacent orogenic gold deposits. An updated Mineral Resource Estimate of 5.5 million oz (Inferred) at 1.59 g/t Au (in 106.6Mt) plus 2.5 million oz (Indicated) at 2.04 g/t Au (in 38.1Mt) was announced April14, 2026. This includes both the Wenot shear-hosted open pit deposit and the adjacent Gilt Creek intrusion-hosted underground deposit. A Preliminary Economic Assessment (PEA) is being prepared and is expected Q2-2026 which will incorporate the new Resources in Wenot and Gilt Creek. As a brownfields project, Omai benefits from good road access, and a wealth of historical data that provides knowledge of the geology, gold mineralization, metallurgy, historical processing recoveries, and many other relevant mining parameters.

Orior Metals (private)

Developing Canada’s next high-grade gold deposit.

Pallas Resources Limited (private)

Kazakhstan’s largest and one of its most active mineral exploration companies. We’re focused on major discoveries across the country’s highly prospective yet underexplored copper and gold belts. Pallas holds >20,000 km² of tenure and is aggressively advancing a portfolio of large-scale copper and gold targets. We’re proud to be partnered with two of the world’s leading copper producers — Ivanhoe Mines and First Quantum Minerals — as we work to unlock the next generation of Tier-1 deposits.

Pinnacle Silver & Gold Corp (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J)

Pinnacle Silver and Gold Corp. (TSXV: PINN) is an Americas-focused silver-gold exploration and development company. The recently acquired high-grade gold-silver El Potrero Project in the prolific Sierra Madre Trend of Durango, Mexico presents on opportunity for near-term resource development and production. With a proven business model of restarting past-producing mines and building the Company out of cash flow, Pinnacle’s seasoned and highly successful management team is committed to preserving and building long term, sustainable value for shareholders. Two highly prospective and 100% owned gold projects in the Red Lake Mining Division of Northwestern Ontario lie within 10-12 kilometres of the Springpole Gold Deposit currently under development by First Mining Gold. The past-producing, high-grade Argosy Gold Mine is still open to depth and the adjacent North Birch Project offer additional opportunities for resource definition and district-scale discoveries.

Prince Silver Corp (CSE: PRNC, OTCQX: PRNCF, FRA: T130)

Prince Silver Corp. is a silver exploration company advancing its flagship Prince Silver Project in Nevada, USA, featuring a near-surface, historically drilled deposit that remains open in all directions. The Company also holds an interest in the Stampede Gap Project, a district-scale copper-gold-molybdenum porphyry system located 15 km north-northwest of the Prince Silver Project, highlighting Prince Silver’s focus on high-potential, strategically located exploration assets.

Pursuit Minerals (ASX: PUR)

Pursuit Minerals (ASX:PUR) is an emerging pure-play on Argentina’s world class lithium and gold potential, advancing a dual-commodity platform designed for near-term development and long-term scale.

The Company’s flagship Rio Grande Sur Lithium Project in Salta hosts a 1.1 Mt LCE JORC resource and is underpinned by a fully operational pilot plant that has successfully produced 99.5 % lithium carbonate, validating commercial flowsheet design. A 5,000 tpa pre-feasibility study is now underway, targeting first small-scale production while positioning for modular expansion under Argentina’s emerging RIGI investment regime.

Complementing this, Pursuit has acquired the Sascha Marcelina Gold-Silver Project in Santa Cruz, a high-grade, drill-ready system within the prolific Deseado Massif, host to Tier-1 deposits such as Cerro Negro and Cerro Vanguardia. Historical drilling and geophysics confirm multiple mineralised vein corridors with bonanza-grade potential, offering a fast-track pathway to resource growth and discovery.

Through this focused platform, Pursuit delivers investors a pure, Argentina-centric exposure to two of the most strategic commodities of the decade: lithium for the energy transition and gold for value preservation supported by near-term development catalysts and significant exploration upside.

Red Canyon Resources (CSE: REDC, OTCQB: REDRF, FSE: I9I)

Red Canyon Resources is focused on the discovery of Tier-1 scale copper and copper-gold deposits in North America’s top copper districts. Actively advancing a large portfolio of seven 100%-owned projects. With a recent strategic investment from Teck Resources, the company is well-funded and is set to drill three projects this year; Including a follow-up drill program on its flagship Kendal project, a recently identified large copper-moly-gold-silver porphyry system. Red Canyon is part of the NewQuest Capital Group of Companies a discovery-driven investment group that incubates and finances early-stage mineral exploration projects globally. NewQuest’s portfolio of companies, operate in mining-friendly jurisdictions, majority of which have strategic partnerships with majors including Newmont, OceanaGold, AngloGold Ashanti, Centerra and Teck.

Red Sea Resources (private)

In 2021, Red Sea Resources emerged as one of the select few companies awarded exploration blocks in Egypt’s international bid round — an event that attracted industry leaders such as Barrick Gold, B2Gold, and Centamin. Despite Egypt’s rich geological potential and a millennia of prospecting, only one commercial gold mine, the Sukari Mine, has been developed. Previously discovered and operated by Centamin, the company and their 49% ownership of Sukari were recently acquired by AngloGold Ashanti for $2.5 billion. The remaining 51% of Sukari is owned by the Egyptian Government, a condition set by old Egyptian Mining Law. The acquisition has pushed global interest in Egypt’s gold potential to an all-time high.

Egypt’s greenstone belt rivals’ world-class gold-producing regions like Timmins and Yilgarn, yet it remains almost entirely unexplored. Red Sea Resources has secured three highly prospective properties—Oasis, Luxor, and RAH—totaling 753 km² within this last untapped frontier. As a first mover in this emerging global gold district, our extensive research and fieldwork confirm that we are positioned in the right geology, with early exploration results, historical data, and artisanal mining activity all pointing to a world-class discovery.

We firmly believe Egypt holds additional world-class deposits on the scale of Sukari, and our dedicated team is committed to uncovering the next major discovery. With an active exploration program underway and drilling scheduled for 2025, Red Sea Resources is on track to redefine Egypt’s gold industry. A go-public strategy will follow, marking the next phase in our journey to unlock this vast mineral wealth.

Now is the time to explore Egypt’s untapped gold potential and Red Sea Resources is set to lead the way.

RPX Gold Inc (TSXV: RPX)

RPX Gold Inc. (formerly Red Pine Exploration Inc.) is a Toronto-based gold exploration company. The Company's shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol “RDEXF”. The Company’s flagship asset, the Wawa Gold Project, is located in northwestern Ontario, in the Michipicoten Greenstone Belt of Ontario, adjacent to several established gold-producing operations, including those operated by Wesdome Gold Mines Ltd., Alamos Gold Inc. and Hemlo Mining Corp. The Wawa Gold Project benefits from strong local infrastructure and excess regional mill capacity. The Company is evaluating Phase 1 open-pit operations designed to generate early cash flow in order to help fund advancement of the Wawa Gold Project to transition to an underground operation. This phased approach is aimed at de-risking development, accelerating time to revenue and minimizing shareholder dilution. The approach is subject to the completion of a number of milestones before a production decision can be made, such as continued drilling and mineral resource definition, conducting additional metallurgical testwork, completing a pre-feasibility study, continuing baseline studies as well as additional permitting and Indigenous peoples consultations, among other factors. The Wawa Gold Project currently hosts mineral resources from two mineral deposits, namely the Jubilee Shear and the Minto Mine. The mineral resource includes an indicated mineral resource of 22.909 million (“M”) tonnes grading 1.69 grams per tonne gold (“g/t Au”) containing 1,244,000 ounces of gold and an inferred mineral resource of 9.951 M tonnes grading 1.59 g/t Au containing 509,000 ounces of gold, with both open pit and underground mining potential. Gold mineralization extends to surface on a historic mining property, which supports the Company’s phased development strategy. Please refer to the technical report entitled “Preliminary Economic Assessment: Wawa Gold Project” with an effective date of February 18, 2026 which is available on www.SEDARPLUS.ca under the Company’s profile for more information. 

Santacruz Silver Mining (Nasdaq: SCZM)

Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties across Latin America. In Bolivia, the Company operates the Bolivar, Porco, and Caballo Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita mines. The Reserva mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia. Additionally, the Company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapan mine.

Sierra Madre Gold and Silver (TSXV: SM, OTCQX: SMDRF)

Sierra Madre Gold & Silver (TSXV: SM; OTCQX: SMDRF) is a growing silver and gold producer focused on expanding operations and advancing exploration at La Guitarra mine in Mexico’s silver belt. In December 2025, the company also announced the acquisition of the past-producing Del Toro Silver Mine in Zacatecas State from First Majestic Silver. Del Toro Acquisition: The December 2025 acquisition agreement with First Majestic Silver – also the seller of the La Guitarra mine complex – would add fully permitted underground mines and a 3,000 tonnes-per-day flotation plant to the portfolio. Del Toro is aligned with Sierra Madre’s model of buying past-producing assets with infrastructure in place (the company previously completed a successful restart at La Guitarra, also purchased from First Majestic). The plan is to advance exploration, update the resource estimate, and prepare for a mine restart. A drilling program (~50,000 m) is anticipated ahead of an updated NI 43-101 report. Initial restart timing is targeted for mid-2027, with production potentially by mid-2028. La Guitarra Expansion: Following the successful transition of the Guitarra complex into commercial operations at the start of 2025, Sierra Madre is now advancing a two-stage expansion at the site. The first stage is expected to come on-line in Q2 2026, would increase throughputs by ~50% from the current 500 t/d run rate, to 750 to 800 t/d. A second stage would follow, growing run rates further to 1,200 to 1,500 t/d, a +100% increase from current levels.

Silver North (TSXV: SNAG, OTCQB: TARSF)

Silver North has made significant new silver discoveries in the famous Keno Hill Silver District of the Yukon, including Silver North’s Haldane Project, where high grade silver has been identified in drilling at two target areas. The Company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 km from the Silvertip mine.

Silver North is ideally positioned to further prove out and expand these discoveries, at the stage of the mining development curve traditionally associated with the largest value increases for shareholders.

Silver One Resources Inc (TSXV: SVE, OTCQX: SLVRF, FRA: BRK1)

Silver One is focused on the exploration and development of quality silver projects. The Company owns a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production.

The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.

Silver One also has 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect, which lies within the “Arizona Silver Belt,” immediately adjacent to the prolific copper producing area of Globe, Arizona.

Silver Storm Mining Ltd (TSXV: SVRS, OTC: SVRSF, FRA: SVR)

Silver Storm Mining Ltd. holds advanced-stage silver projects located in the state of Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100% owned La Parrilla Silver Mine Complex which includes a past-producing underground mine and 2,000 tpd mill. The Company also holds a 100% interest in the San Diego Project, one of the largest undeveloped silver projects in Mexico.

Silver Tiger Metals Inc (TSX: SLVR, OTCQX: SLVTF, FRA: 1OC)

Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger.

Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023.

The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz.

Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

Silver47 Exploration (TSXV: AGA, OTCQX: AAGAF)

Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions.

Sranan Gold (CSE: SRAN, FSE & Tradegate: P84)

Sranan is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts. Sranan announced the acquisition of the 18,468-hectare Lawatino Project in February 2026, situated in southeastern Suriname along the Central Guiana Shear Zone.

For more information, please visit sranangold.com.

Surge Copper Corp (TSXV: SURG)

Surge Copper Corp. is a Canadian resource company advancing one of British Columbia’s emerging mineral districts. The Company’s 100%-owned Berg Project hosts a large-scale copper-molybdenum-silver deposit with strong development potential in a safe jurisdiction supported by established infrastructure. A 2023 Preliminary Economic Assessment outlined a long-life project producing essential metals for industrial and energy systems. Surge is advancing a Pre-Feasibility Study on the Berg Project to further define its technical and economic development potential.

In addition to Berg, Surge controls a large, contiguous mineral claim package that includes multiple advanced porphyry deposits, including the Ootsa Property adjacent to the past-producing Huckleberry Mine. The Company’s projects collectively position Surge as a future contributor to Canada’s critical minerals strategy through the responsible development of copper, molybdenum, and associated metals. For more information, visit www.surgecopper.com

Terrain Minerals (ASX: TMX, FRA: T4Y)

Terrain Minerals Limited (TMX) is an active ASX exploration company advancing its 100% owned projects. Terrains current strategy is to rapidly expand on the highly successful Gold drilling campaign at Smokebush Gold Project as it works towards its goal of completing an initial Mineral Resource estimate at the Lightning/Monza Gold Prospect for release in early to mid-2026, and in line with evolving market dynamics and long-term demand trends, Terrain has strategically repositioned its exploration portfolio to include future-facing critical minerals, with a focus on Copper, Gallium, and Lithium.

Capital structure (Top 200 shareholders = 86% of the register), Terrain Minerals share price is highly leveraged to exploration success.

All projects are located in Western Australian (Gold, Gallium, Gold, Copper and Lithium) and a large Gold/Copper project in Queensland. Terrain Minerals is committed to undertaking major drilling campaigns throughout 2025, including 3,550m 17-hole RC drilling campaign due to commence in May 2025 at the Smokebush gold/silver project.

Smokebush recent results at Lightning and Monza

    11m @ 6.03 g/t Gold & 43.5 g/t Silver from 75 metres (SBRC063) – Lightning.
    3m @ 6.12 g/t Gold from 26 metres down hole (SBRC064) – Lightning.
    5m @ 3.77 g/t Gold from 180 metres down hole (SBRC065) – Monza down dip.

Larins Lane: Gallium (part of Smokebush) - over 27km2, area, with a Jorc compliant target. Gallium in regolith (Sand/clays) from surface to ~110m. Metallurgical (Met) studies underway part of the MRIWA Research Project M10528 out by RSC & Curtin University.

Biloela: Copper & Gold Project along strike of the Cracow Gold Mine in Queensland (See ASX release dated 21 June 2023 for more information on the rationale, geological setting and walk-up drill targets already identified within this key project area).

Pending granted: Carlindie: Lithium Project is strategically located between Wildcat Resources (ASX: WC8) and Kali Metals (ASX: KM1) tenements in the East Pilbara of Western Australia. The Company has prioritised the granting of its Carlindie tenement package and is continuing to work successfully towards achieving its goal.

TriStar Gold (TSXV: TSG, OTCQX: TSGZF)

TriStar's Castelo de Sonhos gold project in Brazil is a permitted, open-pit development asset with robust PFS economics (updated May 2025). Key highlights: ~1.4 Moz reserves (2.5+ Moz total resources) 40% after-tax IRR and ~US$600M NPV5 at US$2,200 gold ~US$1,100/oz AISC and ~US$296M initial capex The project is technically straightforward: near-surface, open-pit, conventional metallurgy, low strip, strong recoveries, and existing infrastructure on Highway 163 in southern Pará.

Union Power Metals (CSE: UPPR, FRA: UPR, OTCQB: UPERF)

Union Power Metals Corporation is a mineral exploration company focused on advancing high-potential manganese projects in Slovakia, while maintaining exposure to uranium assets in Botswana. The Company is committed to responsible development and long-term value creation through the advancement of critical minerals essential to the global energy transition.

US Elemental Inc (private)

US Elemental Inc. is a U.S.-focused lithium development company formed through the combination of HiTech Minerals Inc. — a wholly owned subsidiary of Australia's Jindalee Lithium (ASX: JLL) — and Constellation Acquisition Corp. I (SPAC). The company is preparing to list on the Nasdaq Stock Market under the ticker symbol ULIT in the second half of 2026. At the core of US Elemental is the McDermitt Lithium Project in Oregon, one of the largest known undeveloped lithium deposits in the United States, with an estimated resource of 21.5 million tonnes of lithium carbonate equivalent (LCE). Backed by a 2024 prefeasibility study and supported by U.S. federal policy through DOE partnership and FAST-41 permitting status, US Elemental is strategically positioned to supply the growing domestic demand for battery-grade lithium essential to electric vehicles, grid-scale energy storage, and data infrastructure.

Vista Gold (NYSE: VGZ, TSX: VGZ)

Vista Gold holds the Mt Todd gold project, located in the Tier-1 mining jurisdiction of Northern Territory, Australia. Mt Todd is among the largest development-stage projects in Australia. The Company has defined a clear pathway to value realization, targeting the commencement of detailed engineering and design in 2027. This milestone is expected to initiate an approximately 27-month period of design, construction, and commissioning, culminating in first gold production. Mt Todd offers strong project economics, significant initial production, and compelling expansion and exploration upside. Mt Todd benefits from advanced local infrastructure, options for future expansion, and broad community support, underpinning its potential to become a long-lived, globally significant gold operation.

Wallbridge Mining Company (TSX: WM, OTCQB: WLBMF, FRA: WC7)

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.

Wallbridge’s flagship project, Fenelon Gold, is located on the highly prospective Detour-Fenelon Gold Trend Property in Quebec’s Northern Abitibi region. A mineral resource estimate completed in 2023 validated the multi-million-ounce potential of the 100%-owned Fenelon and Martiniere properties, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere, located within an approximate 830 km2 exploration land package controlled by Wallbridge. The Company believes that these two deposits have good potential for economic development, especially given their proximity to existing hydro-electric power and transportation infrastructure. In addition, Wallbridge believes that the extensive land package is extremely prospective for the discovery of additional gold deposits.

Wallbridge has reported a positive Preliminary Economic Assessment on its 100%-owned Fenelon gold project with an estimated average annual gold production of 212,000 ounces over 12 years (see Wallbridge press release of June 26, 2023).

Gemdale Gold Inc. (TSXV: GEMG)

Gemdale Gold Inc is a new TSX.V listed company ( GEMG.V), focused on advancing a portfolio of gold and other critical metals exploration projects in Finland, with a particular focus on mining friendly, Tier 1 Districts which feature first class infrastructure. The Company’s objective is to advance its existing discoveries and make new discoveries of significant value, and, combined with its corporate development activities, thereby to grow shareholder value which is represented in the market value of the shares.

For the past 8 years, as a private company, Gemdale has been building a strong presence in Finland, with a highly experienced and successful management team and a strong portfolio of 100% owned projects in central / western Finland and Lapland at various stages of exploration.

Gemdale’s flagship Pontio Gold Project, in mining-friendly western Finland, is currently the most important in its portfolio, with near surface gold mineralization drilled now along a strike length of over 4 km, showing good potential for a large scale new gold discovery.

Gemdale is well financed and is resuming exploration at Pontio, while exploration work, funded by a partner, continues at the Isoneva project, also in western Finland. The Company continues to examine additional opportunities to expand exploration efforts on the other projects in the portfolio, including JV’s or earn ins with other companies who are keen to gain exposure to favorable Finnish geological terrain, and partner with an experienced group such as Gemdale.