Catt Calls: No Fear Finance

The Tungsten price is up around 10x in a year, so have we missed it? In this Coffee With Catt, Simon Catt says we’ve missed the easy money but not all of it, and explains why he’s started building a position in Blue Moon (TSX: MOON) and The Elmet Group (NASDAQ: ELMT) after visiting its Springer tungsten mine in Nevada. We look at why tungsten is the “war metal”, how US-China rivalry and global rearmament are driving demand, and what the US Department of War’s $450M investment in Elmet (ELMT), with $150M passed on to Blue Moon, means for the only significant US tungsten mine. Simon also explains why he’s buying even though he expects tungsten prices to fall over time, walks through the plan to restart Springer, compares Blue Moon and Elmet with MP Materials, and responds to Viceroy Research’s short attack. 00:00 Introduction00:45 Did We Miss the Tungsten Move?02:00 Blue Moon Metals & Elmet Group - Springer: America's Next Tungsten Mine04:00 What's Driving The Tungsten Market?05:41 US & Global Defense Spending 07:23 Forever Wars - Cumulative US Military Interventions08:25 The Elmet Group - Tungsten Demand For Defense 09:30 Will China Flood The Market With Tungsten? (EQ Resources Story)15:25 Why US Tungsten? (ELMET, Tungsten West, EQ Resources, Almonty)17:52 Tungsten Price Explained - $2,800 MTU & Super Profits20:30 Tungsten Supply Coming Online23:10 Will Tungsten Stocks Sell Off?25:20 Blue Moon Metals Valuation & Springer Tungsten & EQ Resources29:07 Blue Moon Metals Timelines for Production & APT Plant32:30 Springer Tungsten Mine; Location, Team, Drill Rigs & Other Minerals42:20 The Elmet Group, MP Materials & Blue Moon Metals Valuations46:23 Buying Both Elmet Group and Blue Moon Metals49:30 Viceroy Research Shorts on Blue Moon Metals 55:45 Blue Moon Metals Share Price59:00 Investment Thesis RecapCatt Calls Article:https://www.cattcalls.com/catt-calls/blue-moon-hard-metal Companies Discussed:Blue Moon Metals (TSX: MOON)The Elmet Group (NASDAQ: ELMT)EQ Resources (ASX: EQR)MP Materials (NYSE: MP)Viceroy Research

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🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://bluemoonmetals.com/https://www.eqresources.com.au/site/content/https://theelmetgroup.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Tungsten #Tungstenstocks #criticalminerals #bluemoonmetals #ElmetGroup #simoncatt #cattcalls #eqresources #tungstenprice #investingintungsten #tungstenmining

Vizsla Copper's SVP Corporate Development, Keith Bodnachuk (standing in for Vizsla Copper CEO Craig Parry) explained how Vizsla Copper (CVE: VCU), spun out of Vizsla Silver (TSE: VZLA) and part of the Inventa group, has built up its copper portfolio through M&A, from the Woodjam and Poplar porphyry projects in British Columbia to the Palmer VMS project in Alaska. He covered the strong drill results at Palmer, including a new discovery at the HG prospect awaiting assays, and the Agnico Eagle deal that adds the Delta and Helm Bay projects and makes Agnico the company’s largest shareholder at just under 20%. He also spoke about his day job at Cosa Resources (TSXV: COSA), which has the same discovery team behind IsoEnergy’s Hurricane deposit, and outlined its Athabasca Basin drilling plans at Murphy Lake North and Derby, backed by Denison as largest shareholder. Recorded at the Arlington Rapallo on 13th September 2026, with Simon Catt interviewing.

00:00 Welcome to Rapallo00:37 Vizsla Copper’s M&A strategy and BC porphyries02:50 The Agnico Eagle deal: Delta and Helm Bay04:52 Palmer vs Delta: which comes first06:05 Barite and critical minerals at Palmer06:45 Palmer drill results and the HG discovery07:42 What’s next: Woodjam results and portfolio value09:45 Cosa Resources: Murphy Lake North, Derby and the Hurricane team

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🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://vizslacopper.com/https://www.cosaresources.ca/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #VizslaCopper #Copper #copperstocks #coppermining #uraniummining #cosaresources #simoncatt #cattcalls #juniormining

Michael Allen, President & CEO of StrikePoint Gold (TSXV: SKP | OTCQB: STKXF), joins Simon Catt from Catt Calls to break down the Northumberland Gold Project, the Nevada asset StrikePoint is buying from Newmont (NYSE: NEM) for US$70M cash plus up to US$50M in contingent payments, funded by a C$190M bought deal financing. Northumberland is a past-producing, Carlin-style deposit with an initial resource of 2.86 Moz AuEq indicated and 1.57 Moz AuEq inferred (about 4.4 Moz in total), and Michael Allen explains why he compares it to Betze-Post, why he thinks Newmont let it go, how the deal came together in about six months, and how he plans to drill it out and build the team ahead of a major project update in late 2027 or early 2028. Update: the acquisition closed on October 6, 2026, after this interview was recorded. 00:00 Introduction & Betze-Post Comparison 00:22 StrikePoint Raises C$190m to Buy Northumberland from Newmont01:02 Why is Northumberland Similar to Betze-Post?02:27 Why Did Newmont Sell Northumberland?04:02 Michael Allen's Background04:47 How Did the Northumberland Deal Emerge?05:56 What's the Plan with the Northumberland Asset?07:09 Building a Strikepoint Gold Team for Northumberland08:45 What Will StrikePoint Gold Look Like in September 2027?09:40 Cash Position09:57 The Potential Future Resource InventoryResource figures are from StrikePoint's October 6, 2026 news release:https://strikepointgold.com/strikepoint-completes-acquisition-of-the-northumberland-gold-project-from-newmont-corporation-escrow-release-conditions-satisfied-for-c190-million-bought-deal-financing-led-by-canaccord-genuity/If you are an investor interested in gold mining, gold exploration, gold exploration stocks and gold mining stocks, subscribe to Catt Calls and sign up to the Catt Calls Newsletter on https://www.cattcalls.com/ .

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🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://strikepointgold.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #goldstocks #goldexploration #goldmining #strikepointgold #newmont #nevadamining #silvermining

Sun Valley Minerals CEO Christo Stem joins Simon ahead of the company's Toronto Stock Exchange listing to explain how it has quietly become the largest landholder in Uruguay, and why it is fully funded to start drilling as soon as it lists. Sun Valley Minerals has grown its Taruman belt position from roughly 50 kilometers to close to 150 (licences granted and applications filed), with high-grade gold occurrences at surface along tens of kilometers of strike, and is already building a pipeline at Plumas Doradas. The company has C$15 million in the bank after two raises of just over $8 million and $10 million, has bought its own RC and core rigs, and has hired a drilling manager out of South Africa to run drilling in-house rather than rely on contractors. That funds at least 20,000 meters of RC drilling, with around 10,000 meters of deeper core to follow. For anyone following gold stocks, junior mining stocks or gold exploration, the tell is in the share register: Kinross Gold (TSX: K) lifted its position from 9.9% to 14.9%, and Altius Minerals (TSE: ALS) has participated in every raise. Christo Stemmet also makes the case that this is a multiple-discovery story rather than a one-project company, or as he puts it, 'There's just so much gold in the system.'"00:00 Welcome Back to Rapallo Sun Valley Minerals00:30 New Shareholders and TSX Listing01:20 Uruguay Gold Exploration Project Overview02:45 Drilling in Uruguay04:05 TSX Listing Timeline, Drilling & Financing05:30 Cash Runway and Goals07:30 What's the Size of the Prize? Taruman & Plumas Doradas09:00 Kinross Gold Expectations10:25 One Year Timeline and Catalysts

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🎧Spotifyhttps://open.spotify.com/show/0Q6k9rcR3zr8qwVHBry1kP🎧Apple Podcastshttps://podcasts.apple.com/us/podcast/catt-calls-no-fear-finance/id1896925377💬Xhttps://x.com/CattCalls💻Websitehttps://www.cattcalls.comhttps://www.sunvalleyminerals.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Goldexploration #Goldmining #goldstocks #golddiscovery #kinrossgold #sunvalleyminerals #cattcalls #juniormining #altiusminerals

Rainbow Rare Earths (LON: RBW) CEO George Bennett returns to the Arlington Rapallo mining conference to explain how the US government's $110/kg NdPr price floor has reshaped the rare earths market, helping lift Chinese prices from around $60 to $130-140/kg and pushing heavy rare earths like dysprosium and terbium to Western premiums. He covers the $50 million US DFC equity commitment to the Phalaborwa project in South Africa, the ongoing binding offtake negotiations, and what to expect from the Phalaborwa feasibility study, with FID targeted for late 2027 and production in 2029. George also outlines the Uberaba project in Brazil, a 49/51 joint venture with Mosaic (NYSE: MOS), and the catalysts ahead for Rainbow, including a potential New York listing with BMO on board, definitive feasibility work and the offtake agreements. Interviewed by Simon Catt on 14th September 2026.00:00 Welcome back to Arlington Rapallo00:25 US Government & Rare Earth Price Floors01:40 Does Jurisdiction Matter for Price Floors03:00 Offtake Negotiations04:04 Phalaborwa Feasibility Study04:57 Uberaba Project JV With Mosaic (NYSE: MOS) in Brazil07:07 Potential for Other Strategic Partners of Rainbow Rare Earths07:48 Upcoming Catalysts: US Listing, Offtakes, Pre-feasibility

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https://www.rainbowrareearths.com/⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. #Rainbowrareearths #rareearths #rareearthstocks #criticalminerals #neodymium #praseodymium #ndpr #rbw

Mithril Silver and Gold CEO John Skeet joins Simon Catt in Rapallo to explain what has changed in the last year at the Copalquin district in Mexico's Sierra Madre. They cover the upgraded Target 1 resource, the new Target 4 drilling along the Copalquin-Zaragoza structure, and why Skeet says "we've definitely got the scale". They also get into Mithril's drilling results, including a 0.57 m intercept of 4,400 g/t silver at Zaragoza along the same structure, and the team's track record with Palmarejo and SilverCrest. Interviewed by Simon Catt on 13th September 2026.Looking ahead, Skeet outlines the plans for the next 12 months. These include a PEA on Target 1 due by the end of the year, targeting 50-70,000 ounces of gold equivalent a year and an after-tax NPV of around $400 million. They also cover step-out drilling at Target 4 and his view on Mexico's permitting under the Sheinbaum government. Catt Calls: No Fear Finance brings contrarian, numbers-driven views on precious metals and investing.
0:00 Welcome back to Rapallo0:23 What's changed in the last year?1:14 Target 4: the new structural target and first drill results2:52 Target 1 resource, underground mining shapes and the PEA3:43 Is Mithril an Explorer or developer?5:03 Mexico: security, permitting and Sheinbaum7:22 The next 12 months: PEA and the other targets8:55 Skeet's favourite targets: Target 3 and Target 49:46 Why Target 4 is more silver-rich than Target 110:51 Can Mithril be the next Palmarejo or SilverCrest?

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⚠️ Disclaimer: The information contained in this video is for informational and entertainment purposes only and does not constitute financial advice, investment advice, or a recommendation to buy or sell securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions. 

#mithrilsilverandgold #silvermining #juniorminingstocks #silverexplorer #goldminer #simoncatt #cattcalls

Jason Jessup, CEO of Magna Mining (TSX: NICU), explains what a new strategic investment from Alpayana, the private Peruvian miner with five producing mines in Peru and one in Mexico, means for the company's Sudbury growth plans. He covers McCreedy West's turnaround and positive cash flow, the upcoming Levack PEA and Crean Hill pre-feasibility study, and why he expects Magna Mining to be a significant copper equivalent producer by 2029, with nickel, platinum, palladium, gold and silver as by-products.Jason also discusses the high-grade R2 discovery at Levack, where drilling has intersected massive chalcopyrite veins running 20 to 30% copper, with nickel and platinum group metals in the mix.

He also talks about hiring 50 miners this fall, his plans to grow through further Sudbury acquisitions from Vale and Glencore, and why he thinks some deals could be bigger than the KGHM acquisition. Recorded at the Rapallo conference on 13th September 2026 and interviewed by Simon Catt.

00:00 Magna Mining CEO Jason Jessup

00:44 What Alpayana's investment means for Magna Mining

03:35 Production outlook: two studies due and the 2029 target

04:27 McCreedy West: the turnaround and cash flow

05:24 Accelerating Levack and Crean Hill

06:40 20-30% copper veins and "tremendous upside" | R2 Discovery

07:28 Platinum, Palladium & Gold Discoveries

08:37 What's next? Production, Studies & Vale + Glencore Opportunities in Sudbury

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#Magnamining #juniorminingstocks #coppermining #PGMs #JasonJessop #copper #nickelmining

Mackay Gold & Silver (CVE: MACK) CEO Darwin Green on reviving Nevada's legendary Comstock Lode, 35 minutes from Reno. Interviewed by Simon Catt.

Discovered in 1859, the Comstock helped build San Francisco and produced over 8 million ounces of gold and roughly 200 million ounces of silver, at historical grades of around 35 g/t gold and 725 g/t silver. The last of the big underground mines shut down in the 1920s, leaving the district largely frozen in time with little modern, systematic exploration.

Mackay is now consolidating the fragmented claims, including the Comstock Inc. acquisition, which added roughly 1 million ounces of SK-1300 resources (about 600,000 measured and indicated plus 300,000-400,000 inferred) and a permitted heap leach facility. The company is drilling a 20,000m program with two rigs, starting on the Occidental vein, with first results still to come.

Interview on Comstock Lode gold mining, Nevada gold mines, historic gold production and gold and silver exploration in Nevada.

0:00 Meet Mackay Gold & Silver CEO Donald Green

00:45 The Comstock Lode: 1859 Discovery Frozen Since the 1920s

01:57 Consolidating 100 Years of Fragmented Claims

03:14 The Comstock Inc Deal: 1M Ounces + Permitted Heap Leach

05:52 Why Nevada, Why Now: Grades, Team & 2 Years Funded

09:40 Drilling Now: Occidental Vein Shallow Oxide Targets

12:11 Going Deep: Sutro Tunnel & 500m Down-Dip Targets

14:01 Hunting Blind Bonanzas: The Big Bonanza Blueprint

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#mackaygoldandsilver #goldmining #comstocklode #goldexploration #goldstock #silverstocks #nevadamining

Fitzroy Minerals CEO Merlin Marr-Johnson joins Simon Catt to explain how the company plans to turn Chilean copper exploration into cash flow. At Buen Retiro, a high-grade oxide copper project near Copiapó, the CEO says a low-capex SX-EW heap leach operation could potentially cost $120-150 million to build and produce 20,000-30,000 tonnes of copper a year at all-in costs below $2/lb, with a possible production decision in mid-2027 and production targeted for 2028. Partner Pucobre has signed a letter of intent to buy back 30% by repaying 90% of spend, which effectively means Fitzroy is exploring at 10 cents on the dollar, and a cheque of about $20 million is expected mid-2027. The upside is Caballos, a copper-molybdenum-gold porphyry target north of Santiago between Los Pelambres and Los Bronces, where geophysics (MT and deep IP) shows a conductive and chargeable anomaly about 5km across, and a 5,500m drill programme starts next month. Molybdenum grades of around 600ppm are about double the best in Chile, and major miners are already circling. The interview also covers the catalyst run (metallurgy, resource, PEA, PFS, permitting and a final investment decision), the $22 million cash position, offtake and debt interest, Chile's licensing changes freeing up ground, and the CEO's comparison to small-capex developers that re-rated as they de-risked.

00:00 Introduction - Two years on: Fitzroy's Chile copper update

01:49 Why Chile is under-explored and the licensing change

04:00 Buen Retiro: potential 20-30kt a year and quick payback

05:35 Pucobre buyback and the path to a 2027 mine decision

08:06 Caballos: a 5km super giant porphyry target

11:29 Moly grades and the 5,500m drill programme

13:18 Funding, the 90% clawback and offtake and debt interest

17:00 The re-rate: catalysts and what peers did

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Contango Silver & Gold's (NYSEAMERICAN: CTGO) President, Sean Khunkhun, joins Simon Catt to explain why he thinks the company is one of the most misunderstood names in the mining space. Sean says Contango is trading at around 0.2x NAV against peers at 0.7x, while generating strong free cash flow from its 30% share of the Manh Choh mine and funding its projects without issuing new equity. They cover the plan to restart the high-grade Lucky Shot mine, the silver-rich Dolly Varden assets and the Johnson Tract gold project, and how shipping ore directly to Kinross's Fort Knox avoids building a mill. Sean also talks about the insider buying at Contango, including his own purchase of about C$600,000 in March 2026, before moving on to Strikepoint (TSXV: SKP), the Gladiator Metals (TSXV: GLAD) copper project and his view on where the gold cycle goes from here, with gold in a $4,250 to $4,550 range. 0:00 Introduction and Contango's Manh Choh cash flow02:00 Lucky Shot: bringing a high-grade mine back03:20 Johnson Tract and Kitsault Valley: where the value is05:12 Permitting and the direct-shipping model08:12 Funding growth: 0.2x NAV and no dilution09:33 Are insiders buying?11:05 Strikepoint (SKP) and Gladiator Metals (GLAD) copper project15:49 The Gold Cycle: gold's $4,250 to $4,550 range

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