Kenorland Minerals CEO Zach Flood comments: “The maiden mineral resource estimate (2.55 Moz Gold @ 5.47 g/t) of the Regnault gold deposit firmly underpins the value of Kenorland and our 4% NSR royalty. Achieved in under five years from grassroots discovery, at a low discovery cost of roughly $20 per ounce, Regnault has emerged as a high-grade, multi-million-ounce gold deposit that remains wide open for expansion. Discoveries of this magnitude are rare and given the relatively modest amount of drilling completed to date, substantial upside potential remains. We’re immensely proud to have reached this milestone in close collaboration with our partners at Sumitomo and look forward to their continued leadership of the Project moving forward. The Frotet Royalty now stands as one of the highest-quality royalty assets in the junior sector and will continue to be a clear driver of long-term value for Kenorland shareholders.”

Kenorland looks to identify gaps in exploration maturity within prospective districts based on large scale compilation and integration of geological, geochemical and geophysical data. Kenorland’s management team and advisors have extensive experience in project and target generation from continent-wide area selection to deposit scale exploration across the globe. Combining the team’s extensive exploration experience with an integrated approach places Kenorland in an optimal position to generate shareholder wealth through JV partnerships, generated royalties, equity positions and new discoveries.

https://www.kenorlandminerals.com/

TSXV: KLD | OTCQX: KLDCF | FSE: 3WQ0

0:00 Intro

00:47 Maiden Regnault Mineral Resource Estimate

01:06 Exploration and Joint Ventures with Sumitomo

03:49 Valuation and Market Response

05:31 Future Prospects and Developments

09:25 South Uchi Project

11:10 Financial Position and Partner Funding

15:53 Closing Remarks

Press release discussed: https://www.kenorlandminerals.com/news/2025/kenorland-minerals-reports-maiden-inferred-resource-of-145-mt-at-547-gt-au-for-255-million-ounces-at-the-frotet-project-quebec-where-it-holds-a-4-nsr-royalty

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Sponsor Kenorland Minerals paid Mining Stock Education a United States dollar ten thousand per month coverage fee. Kenorland's forward-looking statement found in the company's presentation applies to the content of this interview. MSE offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers interviews David Erfle from Junior Miner Junky. They discuss David's journey in the mining stock sector since 2003, covering his early successes, lessons learned, and strategies for managing investment portfolios in junior mining stocks. Topics include the importance of risk management, the significance of transparency in newsletters, insights on specific companies like Montage Gold, Vizsla Silver, Discovery Silver, and trends in the mining industry. David shares his experiences of navigating market cycles, taking profits, and reinvesting in promising opportunities. The episode is packed with valuable advice for investors interested in multiplying their wealth through junior miners.

00:00 Introduction

00:48 David Erfle’s Journey in Junior Mining

01:35 Building Wealth Through Junior Miners

02:38 The Launch of JMJ Newsletter

04:13 Navigating Market Challenges and Opportunities

05:18 Investment Strategies and Portfolio Management

15:08 Silver Market Dynamics and Predictions

24:47 Discussing Recent Company Deals

25:14 Lessons from Past Investments

26:42 Strategies for Holding or Selling Stocks

28:00 Reflecting on Investment Mistakes

29:44 The Importance of Risk Management

31:22 Humility and Experience in Investing

33:32 Anecdotal Gold Stock Peak indicator

David’s website: https://juniorminerjunky.com/

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Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers interviews natural resource investing expert Rick Rule from Rule Investment Media. Rick discusses his 40-year investment journey, highlighting his approach to oil stock allocation. He explains his strategy of persistence, tenacity, and focusing on high-quality people. Rick reveals his preferences for US and Canadian oil stocks, providing specific stocks he holds in his portfolio. He also touches on his views on opportunity cost, the importance of valuation, and his personal rules for investing in junior miners. Additionally, Rick discusses his thoughts on the precious metals sector, government involvement in private industry, and future investment plans. The episode concludes with insights into the Rule Symposium and its value for investors.

00:00 Introduction

00:41 Rick Rule on Investment Strategies

03:23 The Hate Trade Strategy

04:57 Valuation and Selling Strategies

07:44 Opportunity Cost and Market Predictions

11:25 Common Mistakes in Speculation

17:38 The Role of Newsletter Writers

25:30 Government Funding and Market Impact

29:16 Rick's Exit Strategy with Sprott

29:36 Sprott's Unique Investment Opportunities

30:58 Rick's Stock Transactions and Regulatory Challenges

31:39 Sprott's Future and Market Growth

34:05 Rick's Permanent Portfolio Holdings

37:24 Rick's Oil Investments and Preferences

42:49 Merging Companies in the Precious Metals Sector

45:32 Fresnillo's Strategic Moves Beyond Mexico

49:49 Rick's Insights on Mexican Mining Operations

50:50 Rick's Symposium and Free Resources

54:48 Conclusion and Final Thoughts

Rule Symposium July 6-10 in Boca Rotan, FL: https://events.ringcentral.com/events/2026-rule-symposium/registration

If you would like Rick to review your mining stock portfolio reach out to him at:

https://ruleinvestmentmedia.com/

Rule Investment Media YT channel: https://www.youtube.com/@RuleInvestmentMedia

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Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers interviews Tim Clark, CEO of Fury Gold Mines, to discuss the latest updates on the company's transition from exploration to development, particularly at their Eau Claire project in the James Bay region of Quebec, Canada. Tim highlights the confidence gained from their Preliminary Economic Assessment (PEA) and recent drilling results. Additionally, Tim mentions productive discussions with Dhilmar Ltd., the private miner which acquired the nearby Eleonore Mine from Newmont recently. Fury could potentially collaborate with Dhilmar Ltd. to feed more gold ore into their mill. The conversation also covers other significant projects and the general outlook for the company as it strives to increase shareholder value and advance towards production.

00:00 Introduction to Mining Stock Education

00:47 Fury Gold Mines Update

01:14 Eau Claire Project Insights

03:27 Strategic Partnerships and Market Dynamics

06:26 Drilling Programs and Future Plans

17:36 Financial Overview and Market Position

20:21 Conclusion and Investment Advice

Sponsor: https://furygoldmines.com/

Ticker: FURY

Sakami Resource Estimate Press Release: https://furygoldmines.com/fury-announces-initial-mineral-resource-estimate-for-the-sakami-gold-project-in-quebec/

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Sponsor Fury Gold Mines pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement found in Fury Gold’s most-recent presentation found at www.FuryGoldMines.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers interviews John Passalacqua, CEO, Founder, and Director of First Phosphate. They discuss the unique value proposition of First Phosphate in the lithium iron phosphate (LFP) battery market, the rising importance of purified phosphoric acid, and the company's promising high purity igneous phosphate project in Quebec. John explains the strategic advantages of First Phosphate and their focus on penetrating the technology market with purified phosphoric acid produced from the company’s Begin-Lamarche deposit in Quebec. The conversation covers the company's financials, milestones achieved, future plans including their aggressive timeline to production by 2029, and the strong governmental and industrial support they’ve garnered. Additionally, Passalacqua provides an in-depth look at the economics of their project, including potential market shortages and the critical role of phosphate in both food and battery technology sectors.

00:00 Introduction

01:23 First Phosphate Value Proposition

03:26 Phosphate Market Dynamics

05:23 Company Background and Leadership

8:45 Phosphate Critical Metal

09:20 Project Development and Milestones

12:51 Project Location Advantage

14:45 Offtake Agreement

15:49 Feasibility Study

17:40 First Phosphate Valuation

19:55 Massive Purified Phosphoric Acid Squeeze Coming

21:49 Share Structure & Share Price Performance

25:28 Government Risk

27:52 Conclusion and Final Thoughts

https://firstphosphate.com/

CSE: PHOS – FSE: KD0 – OTCQX: FRSP

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Sponsor First Phosphate pays Mining Stock Education a United States dollar ten thousand per month coverage fee. Bill Powers owns PHOS.cn shares at the time of this publication and seeks to sell them for profit at an unannounced future time. First Phosphate’s forward-looking statement found in the company's presentation applies to the content of this interview. MSE offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers and co-host Brian Leni discuss essential insights for junior mining investors in their monthly Junior Mining Insights chat. They delve into the importance of management competence and alignment for investors. The duo discusses the necessity of management teams to be receptive to investor criticism, the role of networks and mentorship in this sector, and the critical importance of introspection when learning from investment mistakes. They also explore investor psychology, particularly during market cycles, and share advice on avoiding emotional decisions when investing in junior mining stocks. Overall, this episode provides valuable guidelines and nuanced perspectives to help investors make informed decisions in the volatile junior mining sector.

00:00 Introduction to Junior Mining Insights

00:33 Competence vs. Incentive Alignment in Management

02:33 Evaluating Management and Company Structure

05:28 The Role of Financing and Share Structure

10:15 Technical Aspects and Engineering Firms

19:16 Investor Psychology and Market Cycles

30:30 The Illusion of Popularity

31:07 Building the Biggest Building

31:28 Researching Competitors

34:53 Handling Criticism in Meetings

37:19 The Importance of Management

43:01 Networking and Mentorship

44:45 Young CEOs and Success

51:57 Emotional Decision-Making

56:09 Final Thoughts and Reflections

Brian’s website: https://www.juniorstockreview.com/

Bill’s Twitter: https://x.com/MiningStockEdu

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Gianni Kovacevic reveals battery metals opportunities with a “20-bagger future” in this MSE episode. Gianni is a copper and lithium speculator with deep insights into battery metals. Gianni shares his perspectives on the future of electric metals, focusing on the importance of lithium, phosphoric acid in LFP batteries, and emerging technologies like direct lithium extraction (DLE). He discusses his portfolio's heavy weighting in battery metals and provides a detailed analysis of why lithium and phosphate are poised for significant growth. Gianni also touches on his approach to speculation, the importance of thorough research, and learning from past investment mistakes. He concludes by offering his thoughts on the timeline for these emerging technologies and the potential for substantial returns.

00:00 Intro

00:26 Deep Dive into Battery Metals

01:51 The Future of Phosphate in Batteries

04:46 Speculating on First Phosphate

05:53 Macro Trends and Micro Opportunities

08:05 Lithium Market Insights

11:46 Direct Lithium Extraction (DLE) Technology

18:12 Cobalt and Other Battery Metals

22:05 China's Energy Market and Future Projections

23:55 China's Energy Transformation

24:53 The Role of Copper and Aluminum

25:35 Battery Storage and Lithium Demand

27:03 Traceability of Electric Metals

31:09 Speculation in the Mining Industry

40:22 Lessons from Past Mistakes

45:20 Final Thoughts and Advice

https://twitter.com/GianniKov

https://kovacevic.com/

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This interview was not sponsored. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers speaks with David Erfle from Junior Miner Junky. David believes that the gold producers and developers are cheap both relative to the gold price and also when compared to the 2011 bull market P/E and P/NAV miner valuations. He provides commentary on the gold and silver price while also sharing how he is managing his portfolio in this bull market. David also offers his analyses of Fresnillo’s bid for Probe Gold and Silver Tiger’s recent approval to construct the El Tigre Stockwork Silver-Gold Project in Sonora, Mexico.

00:00 Intro

0:44 Gold & Silver price commentary

2:29 Undervalued miners

6:20 Retail gold stock inflow

8:46 Silver Tiger permit & Fresnillo buying Probe Gold

13:32 Agnico Eagle to bid for Probe Gold?

15:30 M&A

17:47 Canada backs critical metals projects

18:39 Contract mining concerns?

19:38 JMJ sentiment

David’s website: https://juniorminerjunky.com/

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Expert Brien Lundin sees gold going to $8,000/ounce in this upcycle, he explains in this episode of Mining Stock Education. Brien Lundin is the editor of the Gold Newsletter and host of the New Orleans Investment Conference. Lundin provides insights into gold price movements, the impact of federal policies on gold prices, and the historical trends in gold bull markets. They discuss the recent New Orleans Investment Conference, where Lundin emphasized the need to understand the implications of gold's recent performance. The conversation also covers managing investments in a bullish gold market, the importance of jurisdictional factors in mining investments, and the strategic approach of major mining companies in terms of mergers and acquisitions. Lundin shares his top investment picks and stresses the significance of being well-positioned in gold and silver amid potential financial reset scenarios.

00:00 Introduction

00:59 Key Takeaways from the New Orleans Investment Conference

01:39 Current Gold Market Analysis

04:55 Gold Price Predictions and Market Dynamics

13:52 Managing Risk in the Gold Market

18:39 Mergers and Acquisitions in the Mining Sector

21:22 Jurisdictional Considerations for Mining Investments

23:46 Investment Strategies for Senior Mining Companies

27:31 Opportunities in Exploration and Development

31:15 Monetary Reset and Future Gold Prices

34:31 Top Picks and Recommendations

36:12 Conclusion and Final Thoughts

39:54 Disclaimer and Cautionary Notes

New Orleans Investment Conference Link: https://neworleansconference.com/

Brien Lundin’s newsletter: https://goldnewsletter.com/

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, hosts Bill Powers and Brian Leni delve into the cyclical nature of junior mining stocks and the investor psychology driving their boom-and-bust cycles. They discuss the impact of greed and fear on market behavior, the importance of being rules-based, and share insights on their investing approaches. Notable quotes include Howard Marks on how changes in fundamentals filtered through investor psychology produce price changes, and the significance of sentiment change in a bull market. Bill and Brian also reflect on recent financing deals in the sector, the challenges of junior mining investments, and the importance of having an exit strategy. Additionally, they share their perspectives on the gold-silver ratio and the critical role of management integrity in junior mining ventures.

00:00 Introduction

01:07 Investor Psychology and Market Dynamics

03:17 Strategies for Junior Mining Investments

07:57 Greed and Fear in Investing

12:45 Marketing and Promises in the Mining Sector

16:55 Management and Investor Relations

20:08 Greasy founders hire legitimate operators

26:02 ATEX Financing and Dilution Concerns

31:05 Funding Challenges and Market Dynamics

33:20 Accelerator Clauses and Shareholder Concerns

35:01 Rights Offerings Explained

36:09 NexMetals: A Case Study

40:55 Probe Gold Acquisition

42:39 Debating the Gold-Silver Ratio

50:57 Investment Patience and Strategy

55:16 Final Thoughts and Advice

Brian’s website: https://www.juniorstockreview.com/

Bill’s Twitter: https://x.com/MiningStockEdu

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/