Mining Stock Education

In this episode, host Bill Powers interviews critical metals expert Tomasz Nadrowski to discuss the significance of the U.S. Government’s recent historic roundtable with the mining industry. At the gathering, President Trump announced over $2 billion in critical mining and mining-related projects to revitalize the industry and over $180 million in mining school investments to bolster the American mining workforce. Tomasz is the author of “Mineral War: China’s Quest for Weapons of Mineral Destruction.”

00:00 Intro

00:43 White House Minerals Push

01:14 Workforce Crunch Timeline

03:08 Resolution Copper and Projects

04:31 How Funding Gets Chosen

05:06 Market Signals and Investors

06:42 FORGE Price Floors

07:55 Export Controls and Recycling

09:00 Government Due Diligence

09:58 Scandium Bet Explained

11:33 Graphite and Offtake Risk

13:41 Greenland Reality Check

15:03 Fund Edge and DLE View

16:54 Metallurgy and Midstream

20:33 Getting Generalists Involved

White House Fact Sheet Discussed: https://www.whitehouse.gov/fact-sheets/2026/08/fact-sheet-president-donald-j-trump-announces-billions-in-new-deals-and-investments-to-power-american-mining/

Tomasz’s book: https://www.amazon.com/Mineral-War-Chinas-Weapons-Destruction/dp/B0GHDYRLZK

Tomasz’s LinkedIn: https://www.linkedin.com/in/nadrowski

Tomasz’s fund: https://www.amvestterraden.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/

Coppernico Metals CEO Ivan Bebek explains the major Sombrero Copper-Gold Project permitting milestone in Peru, which now allows drilling of up to 300 holes from 181 drill-pad platforms. The EIA-Sd permit was received in 7–8 months versus a typical 12–18 months, even after delays tied to Peru’s election. The next step is a 30–60 day “start of activities” approval, targeting drilling by September/October, beginning at the Fierrazo target which has shown 232m of .47% Cu surface channel samples and historical holes returning 0.5–0.9% copper over tens of meters. Bebek discusses a $5.5M financing impacted by market/geopolitical uncertainty, Teck maintaining ~9.9% ownership, plans for a larger 60–65 hole, 18-month program across multiple targets, claim optimization to ~57,000 hectares with 12 targets, improving mining sentiment in Peru, and evaluation of potential large-scale U.S. acquisitions after reviewing 240 projects, plus upcoming marketing and conference outreach.

00:00 Intro

00:30 Permit Breakthrough

01:48 Fast Track Timeline

02:57 Fierrazo Drill Plan

04:01 Financing Explained

06:33 Drilling Logistics

07:40 Targets & Timeline

08:55 Region Heats Up

10:08 Claim Optimization

11:10 Peru Politics Outlook

14:02 US Acquisition Strategy

16:35 Catalysts & Marketing

17:45 Copper Thesis Sombrero

Sponsor: https://coppernicometals.com/

TSX:COPR; OTCQB: CPPMF; FSE: 9I3

Press release discussed: https://coppernicometals.com/coppernico-receives-approval-for-major-drill-permit-expansion-at-sombrero/

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Sponsor Coppernico Metals pays MSE a United States dollar seven thousand per month coverage fee. 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, John Passalacqua, CEO of First Phosphate Corp. explains two major government-backed catalysts advancing the company's flagship Bégin-Lamarche igneous phosphate project in Saguenay–Lac-Saint-Jean, Québec.

First, Bégin-Lamarche was selected for "Filon" support status with Québec's Ministry of Natural Resources and Forests, an initiative designed to accelerate mining projects in the province. Second, First Phosphate finalized agreements for an addition $4.84 million in non-repayable contributions from the Government of Canada, via Natural Resources Canada's First and Last Mile Fund, to advance the Bégin-Lamarche deposit. This new funding adds to the $16.7 million already committed by NRCan in March 2026 through the Global Partnerships Initiative — bringing total recent federal backing north of $21.5M.

Both announcements reflect Ottawa's and Québec's shared push to build out domestic critical minerals supply chains for the North American LFP battery sector — de-risking permitting timelines and infrastructure costs for First Phosphate ahead of construction.

Tickers: CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY

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Sponsor First Phosphate pays Mining Stock Education a United States dollar ten thousand per month coverage fee. 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/

Pro mining investor David Erfle of JuniorMinerJunky.com shares that he recently sold his oil stocks to purchase three gold stocks which he reveals. He also provides commentary on the gold and silver prices and shares how he is navigating the junior mining market.

00:00 Intro

00:38 Gold Bottoming Setup

03:17 Why Stocks Surge

04:15 Bottom Metrics History

06:00 Rhino Horns Strategy

09:11 Oil to Gold Rotation

10:21 Stock Picks Breakdown

13:52 US Permitting Fast 41

15:06 Newmont Cash Returns

16:19 Newsletter Sentiment Gauge

23:31 Retail Mania Still Absent

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/

"The long-term drivers for the commodity cycle are intact. The rally that we've seen over the last 24 months, it's just like a teaser of what's coming when you look at broad sort of like landscape ideas in terms of like the exposure of global markets to mining and metals and to energy as well, it's less than 1% in some cases. If that only gets back to long-term averages of 5 to 10%, we're looking at trillions of dollars that are going to roll into our space. We live in a world where companies have trillion-dollar valuations. Why can't our companies [miners] have trillion-dollar valuations?" explains Resource Fund Manager Samuel Pelaez in this MSE episode.

Samuel Pelaez is the President, CEO and CIO of Olive Resource Capital Inc. He has dedicated the past decade to financing natural resource projects while serving as Chief Investment Officer and Portfolio Manager at Galileo Global Equity Advisors, and as an analyst at US Global Investors. Mr. Pelaez has been an early investor in numerous resource discoveries and has been an active participant in Canadian resource corporate transactions. Samuel graduated from the Schulich School of Business with Distinction. He also holds a Masters in Finance degree from The University of Cambridge. He was a scholar of the Financial Leaders of Tomorrow Program at the PBOC Graduate School at Tsinghua University in Beijing. Samuel is a CFA charter holder and member of the Toronto CFA Society where he resides.

Sam’s website: https://olive-resource.com/

00:00 Intro

00:47 Market Outlook and Fed

02:41 Gold Pullback Opportunity

04:12 Liquidity Spreads to Commodities

07:04 Whales Media and Charts

08:29 Copper Capex and Juniors

13:54 Project Quality and Water

17:13 M&A Drivers Permitting

19:46 Fast 41 and Policy Tailwinds

21:50 Portfolio Construction Focus

24:21 Position Sizing Concentration

28:37 Benchmarking and Learning

34:10 Top Picks to Watch

36:45 Olive Resource Capital Thesis

39:23 Cost of Living Philosophy

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This interview was not sponsored. 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/

Bill Powers and co-host Brian Leni sit down for their monthly Junior Mining Insights chat and reflect upon their conversations with numerous resource investors at the recent 2026 Rick Rule Symposium in Boca Rotan, Florida.

Topics Discussed:

• Concentration over diversification. Both Bill & Brian favor fewer, better-understood positions over sprawling portfolios that can't realistically be researched.

• Do the math on your time. Rick Rule's "one hour per company per month" rule is a useful gut-check for how many positions you can genuinely follow.

• Know the source's entry point & bias. A recommendation from someone who bought in at a fraction of today's price carries a very different risk-reward than your entry.

• Understand mining stock marketing. Well marketed stories grab retail attention. But are the execs "mining the market" or building a mining company?

• Geopolitical uncertainty shows up first in financing. Watch which portfolio companies need to raise capital in the next few months — that's where macro shocks bite hardest.

• AI is a research accelerant, not a replacement for network and experience. Both Bill and Brian use AI tools to speed up analysis of filings and reports, but firsthand relationships and institutional history remain the differentiator.

• CEO charisma matters at the booth. Awkwardness alone isn't disqualifying, but it compounds risk when other fundamentals are already weak.

00:00 Intro

00:46 Portfolio Overload

02:20 Conviction Beats Diversification

05:59 Time and ETFs

07:53 Marketing Versus Fundamentals

11:46 Know Your Risk Profile

13:33 Entry Price and Bias

16:39 Slow Down and Research

19:35 Geopolitics and Financing Risk

24:12 Review Your Portfolio

27:15 Royalty Valuation Skepticism

33:21 Using AI for Mining Stocks

38:33 Experience Network and Bias

42:47 Reputation and Naming Names

47:18 CEO Charisma Matters

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

Brian’s YT: https://www.youtube.com/@FIELD_NOTES

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

Bill and Brian are not licensed financial advisors. 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/

First Phosphate CEO John Passalacqua discusses how the recent small-cap volatility does not affect the fundamentals of First Phosphate due to the company’s strong treasury. Passalacqua, a former trader and market maker, says geopolitical tensions and rate fears have driven a systemic selloff that often forces investors to sell winners, but he views it as a catharsis that flushes weak hands. He highlights First Phosphate’s 24 to 36-month runway, citing over $30M cash in treasury plus access to a $16.7M Canadian government contribution and a recent $17.7M raise at C$2, totaling nearly $50M to reach feasibility (Q4-2026 or Q1-2027), permitting, and final investment decision. He updates on the OTCQX ADR (FPHOY) volume building and describes strong collaboration with local First Nations who are supportive. The company targets its Quebec high-purity phosphate mine producing in 2029 and is advancing plans for a purified phosphoric acid plant at Port Saguenay, with feasibility expected by.

00:00 Intro

00:39 Market Volatility View

02:23 Cash Runway Update

03:23 Why Shares Pulled Back

05:54 ADR Listing Explained

07:25 First Nations Partnerships

10:59 Community Chalet Concerns

12:19 Phosphoric Plant Plans

13:57 Feasibility Timeline

14:16 Wrap Up and Tickers

Tickers: CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY

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

Sponsor First Phosphate pays Mining Stock Education a United States dollar ten thousand per month coverage fee. 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/

Pro small-cap investor Mark Zaret reviews five of his stock picks. Four of these stocks he has publicly mentioned on MSE over the past five years. $TNZ.to became a 46-bagger ($1.50 to $70/share), two other multi-decade holds were recently bought out ($AU.v & $FOX.cn). Mark explains why he is still holding the other two stock picks ($FOR.v & $GRD.v). Throughout the interview, Mark shares his approach to small cap speculating which has produced tremendous wealth for himself over the decades. He is very patient and loves buying prospective illiquid small-caps when nobody cares.

Mark began investing in the early 1990’s and achieved a significant net worth by focusing on Canadian micro-cap companies, especially junior resource stocks. Success was achieved through a disciplined approach of investing primarily in early life-cycle companies with low market caps, high insider ownership, and executive boards with strong credentials. Mark is currently working at Spartan Fund Management as strategist for small and micro-cap investing. Be inspired and educated by a 30-year mining stock veteran in this interview.

0:00 Introduction

1:52 $TNZ.to 46-bagger

8:30 $GRD.v

10:38 $FOR.v

14:53 Small-cap Patience

16:00 $AU.v

22:15 $FOX.v

24:42 Cash 2nd Largest Position

Mark is a strategist for the Spartan Fund: https://spartanfunds.ca/spartan-fund/teraz/

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None of the stock picks Mark mentions are or have been MSE sponsors or owned by Bill Powers at the time this episode was published. 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/

Contango Silver & Gold president Shawn Khunkhun discusses why CTGO shares are down ~50% since January and how this presents investors with a buying opportunity. The company’s current valuation is just three times next year’s expected free cash flow, he shared. He explains the key catalysts investors are waiting for, why and how the company eliminated its hedge book. He outlines the DSO model shipping ore to Kinross’s Fort Knox mill and how Contango is reinvesting cash flow into Lucky Shot drilling, Johnson Tract infrastructure/permitting, and a 40,000m Kitsault Valley drill program. He states that a mill acquisition is being targeted for longer-term needs.

00:00 Intro

00:33 Why Shares Are Down

01:05 Catalysts from Mahn Choh

01:54 Kitsault Resource Update

02:24 Lucky Shot Path to Production

03:06 Hedge Book Removed

04:38 Debt and Cash Position

05:53 DSO Model and Growth Plan

07:28 Lucky Shot Drilling Progress

08:38 Johnson Tract Buildout

09:11 Kitsault Exploration Strategy

09:55 Management Versus Geology

11:52 What the Market Rewards

13:33 No Dividends Near Term

14:15 Mill Acquisition Strategy

15:29 Jurisdiction And M&A Focus

17:07 Re-Rating and Share Structure

https://contangoore.com/

NYSE & TSX: $CTGO

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Sponsor Contango pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement disclaimer found in Contango’s most-recent company slide deck found at www.ContangoOre.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 welcomes Dr. Rob Stevens, author of 'Mineral Exploration and Mining Essentials.' Dr. Stevens presents on what every copper and gold mining investor should know about sulfide vs. oxide deposits. He provides examples, reviews the economic impacts of these deposit types, explains supergene enrichment zones, refractory deposits, laterites and much more. Dr. Stevens' book and online courses are available at miningessentials.com.

00:00 Introduction

01:01 Oxide vs Sulfide

02:08 Defining Deposit Types

06:54 How Processing Differs

09:40 Refractory and Laterites

12:38 Supergene Enrichment

15:55 Economics and Examples

20:13 Investor Checklist

22:54 Q&A

Link to this presentation on YouTube: https://youtu.be/0w9Cz5fTkPo

To learn about Dr. Steven’s book and online training courses: https://www.miningessentials.com/

Dr. Steven’s YouTube channel:

https://www.youtube.com/@mining-essentials

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

This episode was not sponsored. MSE received no compensation to speak favorably of Rob Stevens’ book and has no revenue-sharing arrangement with Dr. Stevens. 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/