Mining Stock Education

Pro investor David Erfle provides commentary about gold, silver, and junior miners after a sharp correction. Erfle says the current “boring” 2–3-month consolidation is bullish base-building after roughly 200% moves in GDX/GDXJ, noting relative strength in the TSX Venture and miners versus silver, and COMEX open interest at 20-year lows as gold rises without heavy speculator leverage. He highlights strong central-bank physical buying and dollar diversification (including China’s continued purchases). Erfle discusses his approach of accumulating and trimming positions, his 23-stock junior portfolio and watchlist, a preference for earlier-stage sub-$150M market-cap names, due-diligence red flags for late-stage developers, and why Newmont’s strong earnings and free cash flow are positive for the sector, while also addressing insider selling and subscriber concerns.

00:00 Intro

00:26 Gold Silver Pullback

00:59 Bullish Consolidation Signs

03:33 Comex & Central Banks

06:26 Accumulate Juniors

08:15 Trim Profits Strategy

10:36 Developer Due Diligence

11:31 Early-Stage Focus

13:00 Newmont Earnings Impact

16:42 Insider Selling Signals

18:04 Subscriber Questions

22:09 Disciplined Seling

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/

Rick Rule discusses recent mining M&A including G Mining’s acquisition of G2 Goldfields, which Rule views as uniquely accretive due to roughly $1B in 10-year operating and capital synergies from developing a unified district. They also cover Agnico Eagle’s consolidation in Finland as a logical infrastructure-leveraging deal, its disciplined per-share accretion framework, and its junior investments as a “farm team” to gain toeholds and information advantages. Rule warns lithium is not scarce and sees many deposits chasing limited build capital, while noting uncertainty around direct lithium extraction. He argues Middle East energy shocks will most benefit uranium via energy-security policy shifts, explains factors in assessing mine builds and capital stacks, describes traits of elite geologists, and outlines his free natural-resource portfolio review service.

00:00 Intro

00:36 Rule Symposium Preview

03:40 G Mining Buys G2

06:29 Agnico Consolidates Finland

10:03 Agnico Junior Farm Team

13:52 Lithium M&A and DLE Risks

18:23 Middle East Shock Boosts Uranium

20:37 Can Juniors Build Mines

24:33 Spotting Elite Geologists

36:30 NextGen Uranium Premium

42:40 Portfolio Reviews and Wrap Up

43:58 Outro and Disclaimers

Rule Symposium July 6-10 in Boca Rotan, FL: https://cvent.me/XOqdLa?via=mse

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

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/

“Drilling at Eau Claire continues to reinforce resource continuity and demonstrate resource growth potential outside of the current block model between resource blocks in shallow previously untested areas,” commented Tim Clark, CEO of Fury Gold Mines. “Phase 2 drilling will continue to de-risk and expand Eau Claire, as we focus on connecting the current mineral resource outside of the PEA mineable portion to bring more of the existing gold ounces into a future development scenario, unlocking additional value for shareholders.”

Tim Clark, CEO of Fury Gold Mines, provides an update on the advancements at the Eau Claire gold project in northern Quebec as well as an overall corporate update along with SVP Bryan Atkinson.

0:00 Introduction

0:23 Drill results

1:59 Expansion potential

3:03 Talent acquisition

4:50 Bryan’s new venture

7:00 Resource update

8:21 Treasury

9:27 Catalysts

Sponsor: https://furygoldmines.com/

Ticker: FURY

Press Release discussed: https://furygoldmines.com/fury-intercepts-12-50-g-t-gold-over-7-02-metres-outside-theeau-claire-block-model/

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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/

Will Thomson of Massif Capital reviews three stock picks he has shared on MSE over the years and discusses two other stocks he currently owns. He also explains why “country risk” is company-specific and depends on the relationship between a firm and the state, not an inherent risk in a country. Thomson argues consistent returns in real-asset equities come less from predicting commodity prices and more from identifying management teams that execute, noting commodity price explains much of day-to-day moves but little of longer-term equity returns beyond about 90 days.

00:00 Show Intro and Guest

01:29 Easy Money vs Full Cycle

03:00 Why Commodities Cancel Out

07:15 Where Massive Cap Invests

09:05 Equinox Gold Playbook

12:17 Kazatomprom Fundamentals Win

15:10 Global Atomic and Niger Risk

22:05 Fixers Versus Bribes

23:06 Playing the Lobbying Game

24:29 Mexico Cartel Risk

27:17 Jurisdictional vs Geological Risk

27:57 Alphamin Exit Strategy

30:15 Security Versus Jurisdiction Risk

31:15 Lithium Americas Trade Lessons

32:54 Favorite Metals Right Now

33:45 Fund Management Marketing

36:46 Where to Follow Will

https://x.com/wmthomson22

https://massif.substack.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/

Quinton Hennigh, exploration geologist, fund advisor, and CEO of San Cristobal Mining, shares tips on how to identify elite geologists and new discoveries which others miss. He talks about the current exploration market and where the industry is in a metals bull cycle. Hennigh argues mining and exploration have been undercapitalized for years and that supply constraints, permitting delays, lab capacity limits, and shortages of technical staff and drillers create bottlenecks that could support a long bull market as gold and silver find new price floors. He discusses faster field-friendly assay approaches and why exploration often doesn’t require ultra-low detection limits. Hennigh explains what separates elite geologists—mentorship, system-scale thinking, efficient drilling strategy, metallurgy focus. Investors should notice early “100 gram-meter” intercepts—and uses Snowline as an example why. He outlines jurisdictional opportunity in Bolivia, San Cristobal’s community engagement through mining education support, and the company’s private, cash-flow-funded growth plan toward major silver production.

00:00 Intro

00:53 Bull Market Outlook

03:11 Gold Silver Price Floors

07:17 Exploration Funding Cycle

08:32 Bottlenecks Labs Drillers

10:26 Portable Assays XRF

14:35 Elite Geologist Edge

15:32 Mentors Scale Thinking

18:41 Metallurgy First Filter

20:30 Gram Meters Framework

21:09 Reading Early Drill Signals

21:51 Snowline Valley Breakthrough

23:56 Remote Risk and Jurisdiction

27:22 Prospector Instinct Explained

29:57 AI Tools vs Human Intuition

31:39 Where Discoveries Happen Next

33:47 Bolivia Education Outreach

37:10 St Cristobal Growth Plan

40:10 Closing and Disclaimers

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/

John Passalacqua, CEO of First Phosphate, provides an update on the company’s Quebec igneous phosphate project intended to produce purified phosphoric acid for LFP batteries. Passalacqua discusses a Danish Export Credit Agency LOI for up to 170 million euros for equipment and services, building on prior support including a Canadian federal non-repayable $16.7 million contribution and a similar 170 million US dollar EXIM Bank LOI, alongside a definitive bankable offtake agreement with some prepayment. He explains milestones needed to convert LOIs to definitive financing, with feasibility targeted by end-2026 and permitting in early 2027, supporting an aggressive 2029 production target. The conversation also covers completion of ~40,000 meters of infill drilling, discovery of two new zones that may expand the pit and resource, and the rationale for building a local North American/Western LFP supply chain amid geopolitical supply-chain disruptions.

00:00 Intro

00:56 Danish Financing LOI

02:25 Trade Tensions and Cooperation

03:04 From LOI To Definitive

04:25 Offtake Agreement De-Risking

06:18 Capex and Capital Stack

08:33 Drilling Results New Zones

10:50 Open Pit Depth and Mine Design

13:01 Geopolitics Supply Chain Resilience

15:21 North America and Europe Focus

16:11 Wrap Up and Tickers

First Phosphate Introductory Interview: https://www.youtube.com/watch?v=eD7t1Q7OZfU

Previous interview: https://youtu.be/mF2XegyOoEU

Access press releases discussed: https://firstphosphate.com/news/

https://firstphosphate.com/

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/

Veteran junior mining speculator John Kaiser of KaiserResearch.com, believes we are “in the third inning” and on the threshold of a three to five year “mother of all resource bull markets.” John explains how he is playing this bull market and offers his current forecast in this MSE episode.

00:00 Bull Market Setup

00:54 Gold Pause Outlook

02:46 Rotating Winners

04:24 Portfolio Framework

07:19 Small Cap Focus

08:39 AI Research Tools

10:39 Critical Metals Reality

17:02 Prospect Generator Strategy

20:40 LIFE Financing Debate

22:29 Management Versus Project

26:59 Third Inning Timeline

John’s subscription services:

https://www.kaiserresearch.com/g11/Home.asp

https://kaiserresearch.substack.com/

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/

Lara Exploration President and CEO Dr. Simon Ingram provides an update focused on the company’s recently closed C$33M (about US$25M) financing at C$3/share with no warrants. Ingram says the funding provides several years of runway to advance the Planalto copper-gold open-pit project from PEA toward feasibility by drilling the resource (moving inferred/indicated toward indicated/measured) and completing technical and environmental studies. A European copper producer, Atalaya Mining, invested at the corporate level for a 7% stake with no special rights, alongside other institutions, and management also participated. Ingram stated his belief that the Planalto project will be a copper mine and is currently undervalued, which presents a compelling investment proposition. Near-term catalysts include ongoing drill results and follow-up drilling on the Silica Cap trend into the Atlantica license, targeting potentially higher-grade copper mineralization.

00:00 Intro

01:01 Why Raise C$33M?

01:49 Funding Planalto Workplan

03:00 Market Timing and Pricing

04:15 Corporate Investor Explained

06:08 Atalaya Role and Expertise

07:51 Shareholder Base and Insider Buy

09:44 Drilling Budget Breakdown

10:53 Near Term Catalysts

11:54 Atlantica Trend Upside

13:27 Conclusion

https://laraexploration.com/

TSXV:LRA -- OTC:LRAXF

Listen to MSE’s first Lara interview: https://www.youtube.com/watch?v=sN6oqEUsmTk

Sponsor Lara Exploration pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement disclaimer found in Lara Exploration’s most-recent company slide deck found at www.LaraExploration.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/

Coppernico Metals CEO Ivan Bebek shares the rationale behind optioning key adjacent concessions near its Tipicancha epithermal-porphyry target prior to commencing drilling at its Sombrero copper-gold project in Peru. Coppernico has identified seven large-scale targets to be drilled over the upcoming 18 months, Ivan explains. Drilling is expected to begin in May 2026.

Sponsor: https://coppernicometals.com/

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

00:00 Intro

00:26 Sombrero Claims Update

00:59 Tipicancha Target Rationale

03:16 Land Position Strategy

03:41 Seven Drill Targets Overview

04:55 Drilling Timeline and Sequence

06:35 Financing Plans and Demand

08:33 Community Access and Permitting

09:40 Drill Program Scale and Methods

10:45 New Targets and Learnings

12:56 Good Lucky Target Discussion

14:13 Conclusion

Press release discussed: https://coppernicometals.com/coppernico-options-key-concessions-at-sombrero/

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

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/

Host Bill Powers interviews returning guest Jamie Keech of ResourceInsider.com, a former mining engineer, on why his “energy decade” thesis is strengthening as tech-driven demand (especially data centers) pushes huge new power requirements. Keech explains how Resource Insider evolved from a gold-and-copper newsletter into a larger team with expanded exposure to uranium, lithium, and privately built energy businesses including an Oklahoma energy royalty venture and a North Dakota terminal acquisition that has begun paying dividends. In mining stocks, he says their historic performance showed consistent outperformance in advanced-stage explorers with resources/data, strong teams, and stable jurisdictions, while grassroots exploration largely failed unless returns came from private-to-public arbitrage. He updates Mayfair Gold after Muddy Waters’ board changes and announces a new public stock-picking product alongside their historic private-placement focus.

00:00 Intro

00:30 Energy Decade Thesis

01:02 Carrying Capacity and Data Centers

04:18 Resource Insider Evolution

06:28 Mining Strategy Sweet Spot

09:23 Private Arbitrage Wins

10:47 Mining vs Energy Allocation

12:25 Terminal Business Exit Plans

16:16 Predator or Prey Ethics

20:04 Mayfair Gold Update

21:53 Using AI for Diligence

22:47 New Stock Picking Service

24:32 Newsletter Competitive Edge

26:29 Wrap Up and Contact

https://resourceinsider.com/

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This interview was not sponsored. MSE receives no compensation if you buy a Resource Insider product. 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/