Treasury Metals' Greg Ferron on the gold market and the gold - InvestorIntel

Treasury Metals’ Greg Ferron
on the gold market and the
Goliath-Goldlund        gold
projects
InvestorIntel’s Tracy Weslosky spoke with Greg Ferron, CEO of
Treasury Metals Inc. (TSX: TML | OTCQX: TSRMF), about Treasury
Metals’ Goliath gold project and their recent acquisition of
the Goldlund project. “We are next to a very prolific camp –
Red Lake,” Greg said. He added that after Treasury Metals’
Goldlund acquisition, “we are now one of the largest
undeveloped gold projects in Canada with more than a 3 million
ounce deposit.”

Greg also discussed how investors looking to diversify are
increasingly turning to gold, especially in stable, mining-
friendly jurisdictions. He says that Treasury Metals’ appeal
lies in several factors: “We are right on the Trans-Canada
Highway. That keeps our cost down. We have all the
infrastructure, we have skilled labor, we have a very high-
grade open pit and attractive underground grades.”

Greg also provided an update on Treasury Metals’ recent $11.5
million financing.

To access the complete interview, click here

Disclaimer: Treasury Metals Inc. is an advertorial member of
InvestorIntel Corp.

New drill and bulk sample
gold results to drive updated
resource estimate for Granada
Gold

Initial bulk sample returns 55.6 grams
per tonne native gold
Granada Gold’s summer drilling program is coming to an end
with drill results and larger bulk sample results expected to
follow. Given some of the past high-grade results, such as the
recent small bulk sample returning 55.6 g/t native gold,
investors are looking forward to the results of the new
exploration with anticipation.

Granada Gold Mine Inc. (TSXV: GGM | OTC: GBBFF) (‘Granada’)
100% owns the approximately 1,400 hectare Granada Gold
Property, which includes the former Granada Gold Mine which
produced more than 50,000 ounces of gold in the 1930s before a
fire destroyed the surface buildings in 1935. Historic
underground production between 1930 and 1935 from two shafts
in the area had an average grade of 9.7 g/t gold and 1.5 g/t
silver. About 80% of Granada Gold’s potential 5.5 km east-west
strike length remains unexplored, leaving plenty of room for
future exploration expansion.

Investors familiar with gold know that the ‘Cadillac Break
Trend’ in Quebec, Canada, is possibly the best gold address in
the world, producing more than 75 million ounces of gold over
the past 100 years, and the immediate area has produced over
140 million ounces of gold.

Preparatory work for bulk sampling at Granada Gold Property –

Spring 2020

Source

First small bulk sample result – August 2020

In recent news Granada announced a small bulk grab sample
reporting “55.6 grams per tonne native gold from 1,220
kilograms of mineralized material taken from surface over a 3-
meter strike length on Vein No 1 structure where diamond drill
hole GR-19-A intersected 11.45 g/t gold from 0 to 33 metres
core length.”

Anything above 5 g/t is considered high grade, so 55.6 g/t is
an impressive result and may bode well for larger bulk
sampling in the area. Also it is worth noting that due to
using conventional gravity concentration only native gold was
recovered and quantified. The gold-bearing sulfides were not
recovered. Native Gold is the natural gold to the area and
does not include the gold found in the sulphide deposits. The
native gold component has been defined for the Granada Gold
Mine to represent an average of 50% of the recoverable gold
from the mineralized deposit.

Granada Gold President and CEO, Frank J. Basa, comments: “A
bulk sample is to be taken at this location to further
quantify the grade of the mineralized material. The company is
awaiting quotes from local contractors to take this bulk
sample,” with the bulk sample to be processed at Temiskaming
Testing Labs in Cobalt, Ontario.

Drill results expected soon

Drill results are pending from Granada’s summer exploration
campaign (June through August, 2020). Granada is focusing on
the high-grade Vein No 1 structure. The mineralized structure
has been traced on surface for over 115 meters on east-west
trend by stripping. The structure extends over 500 meters when
connected by the pierce points with the drill holes. Drill
results reported in January, 2020 returned 11.45 g/t gold over
33 meters which sent the stock price up 62.5%.

Granada Gold’s existing resource and an updated resource on
the way

In February 2019, the Company filed a NI 43-101 compliant
technical report announcing an updated pit constrained
resource estimate of 762,000 ounces of gold @ 1.06 g/t Au in
the Measured and Indicated categories, plus 455,000 ounces of
gold @ 2.04 g/t Au in the Inferred category.

Granada Gold’s 2019 NI 43-101 updated pit-constrained Resource
estimate (surface pit only)

Source

In July Granada announced that it had retained Innovexplo to
update their 43-101 Resource Study at the Granada Gold Mine
property. Granada is currently drilling key holes aimed at
increasing underground resources quality below existing pit
constrained mineral resources, which is intended to augment
the revised resource estimate now underway. Granada’s
President and CEO Frank J. Basa explained that the company
“decided that a revised 43-101 should be undertaken at this
stage to better reflect the potential of the resource.”

Closing remarks

What has caught the market’s imagination is Granada Gold’s
potential for a very low cost shallow starter open pit gold
mine with already good grades, with the possibility of
resource expansion and higher grades from additional
exploration. Most open pit gold mines today are in the 0.5-2.0
g/t range, and Granada’s un-updated resource estimate already
puts it comfortably in that zone. The CapEx for this starter

pit is estimated at only C$6.7m and assumes the processing
would be done at a nearby mill. Before that happens Granada
Gold needs to further prove up the resource, which is what
they are working on now with additional bulk sampling and
drilling.

Open-pit permits are already in place for a “Rolling Start”
550 t/day operation by Granada. Milling may be done locally or
perhaps on site if funds were raised to support this.
Infrastructure is excellent with proximity to 10 gold mills,
an established mining labor market, and the electrical grid
nearby. Management is very experienced and has stated a goal
for further resource expansion and plans for scalable possible
future production.

It has taken 10 years for Granada Gold to get to where they
are today, so patience may be the key for current investors.
The good news for new investors is that most of the hard work
has been done and a small scale starter pit operation may not
be too far away now. With a current market cap of just C$21m,
there appears to be room to grow, especially with gold at
US$1,940/oz.

Disclosure: The author is long Granada Gold Mine Inc. (TSXV:
GGM)

Energy   Fuels ready  with
uranium stockpile and rare
earths plans

Strong financial position allows Energy
Fuels to pay off debentures
It is remarkable to find a company with no sales in a fiscal
period but still able to pay down all remaining corporate
debenture debt. Who is this company and how do they do it?

On September 8, 2020, Energy Fuels Inc. (NYSE American: UUUU |
TSX: EFR) announced that it had delivered notice to the
holders of the company’s remaining debentures of a cash
redemption on October 6, 2020. The holders of the floating
rate convertible unsecured subordinated debentures, due
December 31, 2020 in the amount of CAD$10.4 million, will
receive 101% of the principal and accrued interest. This is in
spite of Q2-2020 results showing no sales for the first six
months of 2020.

Energy Fuels is a uranium and vanadium mining company based in
the United States. Their major production assets are the White
Mesa Mill in Utah, the Nichols Ranch in-situ recovery (ISR)
project in Wyoming, and the Alta Mesa ISR project in Texas.
Energy Fuels is the largest U.S. uranium producer with
substantial producible and near-ready production assets.

Despite the lack of sales in the first six months of 2020, a
review of their balance sheet shows that Energy Fuels is in a
strong financial position. Not counting approximately US$20
million of restricted cash, the company had $28.3 million of
cash, cash equivalents and marketable securities, plus net
inventories of $26.6 million.

So as you ask “How did they do it?” the answer is clearly that
Energy Fuels has kept a strong balance sheet and continue to
meet their obligations in a timely manner. Said President and
CEO Mark S. Chalmers, “Energy Fuels has focused on cleaning up
our balance sheet with minimal impact to our shareholders.”

The uranium market has been challenging for a number of years,

coming off a ten year price low in late 2016. Price movements
have been moribund and would have continued this way, except
that the US Nuclear Fuel Working Group report released on
April 23, 2020 recommended support to the nuclear energy
industry, including establishment of a $150 million domestic
uranium reserve. The impact on uranium prices was immediate,
with the price initially jumping from about $24 to $34 a
pound.

12-Month Uranium Price Movement

Source: tradingeconomics.com

Energy Fuels owns and operates the only fully licensed and
operating conventional uranium mill in the U.S. – the White
Mesa Mill – which has a licensed capacity of 8 million pounds
of U3O8 per year. According to the company, this provides
Energy Fuels with “significant production scalability as
uranium prices recover in the years ahead.” The mill is also
capable of processing for vanadium and the company is now a
leading U.S. vanadium producer.

In April, 2020, Energy Fuels also announced its entry into the
U.S. rare earth elements (REE) market by exploring the
potential production of a rare earth oxide concentrate at its
fully licensed and constructed White Mesa Mill that can be
sold to REE separation facilities. Energy Fuels has brought in
two leading rare earths experts to assist with their
development and implementation of commercial and technical REE
strategies. Energy Fuels’ President and CEO, Mark S. Chalmers,

explained that “Energy Fuels continued to consolidate our
position as the clear leader in U.S. uranium production in
Q2-2020, and we made significant progress in diversifying into
rare earth element production.”

With no contracted sales and a substantial inventory of both
uranium and vanadium, the company is poised to capitalize on
the potential for improved markets in both minerals. In July,
the company resumed production of uranium at the White Mesa
Mill in Utah from alternate feed materials and pond returns.
The company plans to produce within previously stated guidance
of 125,000 to 175,000 pounds of uranium in 2020, building up
and holding inventory of almost 700,000 pounds of uncontracted
/ uncommitted uranium by the end of the year.

Energy Fuels has significant resources that have been
evaluated and are supportive of their production and inventory
targets. Among all of their properties, there is a total
estimated 9.8 million pounds of Measured uranium U3O8, 69.1
million pounds Indicated, and 49.1 million pounds of Inferred
resources. In addition, the company has recorded almost 26
million pounds of Measured vanadium V2O5, 5.8 million pounds
of Indicated resources and 8.5 million pounds of Inferred
resources.

Only weeks away from being free of their debenture debt,
Energy Fuels is in the right place at the right time. Building
uncontracted inventory in uranium in a time when uranium
pricing seems to have fewer headwinds, having support from the
U.S. government, and lower Russian uranium imports into the US
in the longer term is definitely more positive than earlier
this year for the U.S.’s number one uranium producer.

Boosting electric vehicles
with artificial intelligence
and leadership, a powerful
combination     for     Exro
Technologies
Two of the biggest trends this decade are electric vehicles
(EVs) and artificial intelligence (AI). Together they make a
powerful combination. Just take a look at the chart below for
Exro Technologies Inc. (CSE: XRO | OTCQB: EXROF) (“Exro”).
Exro’s stock price is up over 400% in the past year, which
coincides with the time that CEO Sue Ozdemir has been with the
company.

Exro Technologies (CSE: XRO) stock price is up 413% over the
past 1 year

Source

Exro Technologies is a software design technology and smart
energy company that creates a software module called a “Coil
Driver” that uses AI to make electric motors function better.
In an electric car, the Coil Driver acts like gears do on a
conventional car, boosting an EV motor’s range and performance
by using two separate torque profiles for a motor. The first
is calibrated for low speed and high torque, while the second

provides expanded operation at high speed.

Reflecting on the past year and why Exro has done so well

Over the past year Exro has made very significant steps in
commercializing their technology, securing several significant
partnerships along the way. Here is a brief summary of Exro’s
partners/agreements:

     SEA Electric Pty Ltd. – In July 2020, Exro announced a
     partnership to enhance electric powertrain technology
     for heavy-duty trucks and delivery vehicles.
     Zero Motorcycles (“Zero”) – In June 2020, Exro announced
     a collaboration agreement with Zero to evaluate Exro’s
     patented Coil Drive technology using Zero’s SR/S
     powertrain platform. Zero is a big name in electric
     motorbikes.
     Clean Seed Capital Group Ltd. – On April 28, 2020, Exro
     announced it has signed a collaboration and supply
     agreement with Clean Seed Capital Group Ltd. (TSX-V:
     CSX) to integrate Exro’s technology into Clean Seed’s
     high-tech agricultural seeder and planter platforms,
     advancing the electrification of the world’s heavy-farm
     equipment.
     Motorino Electric – In December 2019, Exro partnered
     with Motorino Electric. Exro’s engineered technology
     provided a torque and acceleration increase of 25% for
     the Motorino e-bike.
     Templar Marine – Exro has a pilot project running with
     Templar Marine’s water taxis. The marine sector is a
     multi-billion dollar industry that can stand to benefit
     enormously from Exro’s technology as they increasingly
     switch across to electric motors for a cleaner
     environment.
     Aurora Powertrains – Exro has partnered with Aurora to
     improve the Aurora’s all-electric snowmobile.
     Potencia Industrial – Exro has contracts with Potencia
     Industrial, which is one of Mexico’s leading motor

manufacturers. Potencia designs and manufactures special
     application, high efficiency, electrical motors and
     generators. One of their projects involves converting
     internal combustion engines in Mexico City’s taxis to
     electric motors, as part of a city-wide initiative to
     green the city’s 250,000 taxi fleet. Exro works to
     integrate its hardware and software technology into
     Potencia’s motor drives. The Exro customized driver will
     be used as the inverter for Potencia’s Pronto Power
     Flexible Powertrain.

“It’s hard to believe that is has been a year since I joined
Exro,” said Exro CEO Sue Ozdemir. “The past 12 months has been
so rewarding as we innovate and transform our business. We are
positioning ourselves to become leaders as we use the power of
our technology to transform the way the world looks at energy
consumption. I believe we now have the ideal platform to be
successful.” As for future plans, Ozdemir said: “Our team is
continuing to focus our attention on co-development with our
partnerships. We have a strong pipeline and are optimistic in
our ability to meet our commitment to eight deals by the end
of 2020. Further, we are gaining global presence as our
partners deliver applications in North America, Australia, and
Europe.”

As most experienced investors know it is one thing to have a
good idea or product, but it is another thing to successfully
market, commercialize, and make profits. Exro is already doing
the first two, and revenue is forecast to soon follow in 2021,
growing in 2022.

Exro Technologies financials and forecast financials

Source

Catalysts

In a September corporate update Exro set out the following
near term events for the company:

 “November 2020 – Delivery to Potencia (electric car
 application). This is an especially pivotal project for Exro
 as it will become the platform design, reducing design time
 for future partnerships. It also serves as our first in-car
 application, demonstrating our ability to transform the
 automotive power electronics industry.

 December 2020 – the IBMS (Intelligent Battery Management
 System) proof of concept. With the research phase now behind
 us, this technology development will allow us to provide test
 bench data to support our simulations and confirm that we are
 able to provide a solution for first life batteries to be
 used in second life applications, such as stationary storage
 for example.

Q4 2020 – We expect the 8 t h deal will be yet another
 representation of the versatility and scope of our
 innovation. We put a lot of effort into how each partnership
 contributes towards our future growth plan. Finding partners
 that deliver a new segment, new geography or new application
 is part of securing our footprint in many market segments.
 This will position us for a robust and sustainable future.

 Early 2021 (Q1) – Delivery to Zero Motorcycle (“Zero”)
 (electric motorcycle application).”

 Closing remarks

There is no doubt that Exro Technologies has had a busy year.
Their technology is clearly being very well received by the
market and the steps to commercialize the technology are now
being put in place. When we consider the massive size of the
electric motor market, in particular the new and surging
demand for EVs, it is not surprising when Exro CEO Sue Ozdemir
says “we have a lot of room for growth”. I think that is a
huge understatement.

For their investors it has been a great year. Given that Exro
trades on a market cap of just C$114m, if they succeed in the
next step of rapidly raising revenues, this could be just the
beginning.    I will be very interested to see how Exro
Technologies goes over the year ahead.

How to evaluate a rare earths

opportunity

The   race   is   on  for   rare   earths
investment, but what should you look for?
So where do we go from here? That is, what are the criteria
investors should consider when they are looking for rare
earth/zirconium investment opportunities?

At this early stage of developing a domestic critical minerals
supply chain, and as mentioned previously, one of the most
important criteria for investors to consider with rare earths
is whether the resource offers potential to recover other
commonly     associated     critical    minerals    such    as
zirconium/hafnium and scandium, that are also largely
controlled by China. These may offer better opportunities than
rare earths for quickly finding domestic market outlets for
the processed forms of these elements.

The rare earth elements neodymium, praseodymium and dysprosium
are well known for application in high strength permanent
magnets, now in increasing demand for electronics, wind
turbines and electric vehicle motors. There are also
opportunities in aircraft construction, where aluminum and
titanium have been the traditional        metals of choice.
 Zirconium and hafnium can be used in various combinations to
make certain titanium and aluminum alloys that are perfectly
suited for the high-temperature regions of jet engines.
Similarly, scandium is in increasing demand as an additive to
aluminum alloys to increase their strength and reduce their
weight. When all of these elements are recoverable from the
same resource, it becomes a much more attractive investment
opportunity.

A couple of North American rare earth projects that meet most
of these criteria, are Avalon Advanced Materials’ Nechalacho

Basal Zone Heavy Rare Earth project in the Northwest
Territories and Imperial Mining’s Crater Lake Scandium project
in northern Quebec.    The Nechalacho resource contains the
critical elements zirconium/hafnium as well as both the light
and heavy rare earth elements. The Crater Lake Project is a
rare earth resource with exceptional scandium enrichment and
is now being looked at mainly as a scandium project. It also
contains concentrations of zircon as well as the rare earths.

Another factor to keep in mind is the balance between the
Light Rare Earths (Lanthanum through Samarium) and the Heavy
Rare Earths (Gadolinium through Lutetium), plus Yttrium. Most
rare earth resources are dominated by the light rare earths,
but having recoverable heavy rare earths as well can further
enhance the overall value proposition as demand for these will
grow as new supply becomes available.

Once the investor has identified a rare earth project that
also contains other critical elements like zirconium and
scandium, the next step is to assess whether they occur in
minerals that are amenable to economic processing and
recovery. The feasibility study (FS), Pre-feasibility Study
(PFS) or Preliminary Economic Assessment (PEA) are the best
sources of this type of information. Many early stage projects
are focused on defining the largest potential size and grade
of resource without focusing on whether the elements of
interest occur in minerals that are amenable to economic
recovery. These projects should not be considered as
attractive investment opportunities until an appropriate
economic extraction process has been identified.   The next
step is to be certain that the recovered products will meet
the specifications required by the consumer.

Other important points to consider when considering new rare
earth project investment opportunities is the content of
radioactive elements uranium and thorium which often occur
with rare earths. High levels of uranium and thorium can be
problematic from an environmental regulatory standpoint. Some

jurisdictions are more challenging than others. Personal
experience has shown that regulations in Canada are better
than in the U.S. by providing an appropriate level of
environmental regulation while not causing any unnecessary
burden on industry.

Rare Earths

Finally, regardless of the balance of critical elements
contained in a rare earth resource, the operation will need a
well-qualified team to perform the development and product
marketing work. So, the most important requirement at this
early stage of creating a new supply chain is finding the
people with both the appropriate skill sets and experience.
Companies with these assets will have a greater chance of
success.

In summary, an investor looking for a rare earth project with
the best prospects of success should be one that has the
following attributes:

1) a resource that also contains significant recoverable
quantities of zirconium/hafnium, scandium or heavy rare earth;

2) contains low level of radioactive elements or is located in
a region that has less-burdensome environmental regulations;

3) has a defined a viable extraction process flowsheet; and,

4) has the appropriate, key people available for the early
stage of development.

Now the trick is to find them.

InvestorIntel Announces the
InvestorChannel      Silver
Watchlist in Collaboration
with David Morgan

Renowned silver guru David Morgan to
provide investors with dynamic list of
silver market leaders
Toronto, September 11, 2020 — InvestorIntel.com, a leading
online source of investor information, is pleased to announce
its new InvestorChannel Silver Watchlist in collaboration with
silver specialist David Morgan of The Morgan Report.

“Investor interest in silver has never been higher,” said
Tracy Weslosky, founder of InvestorIntel.com and co-founder of
InvestorChannel.com. “At the moment, silver has a far higher

potential upside and growth potential than gold. What has
been missing is a dynamically updated guide to the major
silver companies accessible to the average or even
sophisticated investor. I am delighted to bring our viewers
the expertise and depth of understanding that David Morgan
brings to investors.”

David Morgan’s TheMorganReport.com has long been the go-to
resource for silver investors. With Morgan’s insight into the
changing silver markets, The InvestorChannel Silver Watchlist
will be dynamic and follow market changes. It will include the
majors representing the top tier but will also include others
that may not have the majority of their revenue from silver
but produce a significant amount of silver. Also represented
will be silver companies chosen based on other investment
factors such as popularity or volume of shares traded.

“Silver is the best performing commodity to date and is still
undervalued,” said David Morgan, “which means an opportunity
to participate remains. Investors can use the list to begin
their investigations. Large moves on large volumes in any
sector usually warrant further study.”

The InvestorChannel Silver Watchlist is presented in video
format and is available online without a subscription through
YouTube featuring:

     Daily Spot Price for Silver
     The Top 5 Silver Performers of the Day
     The Top 22 Silver Companies ranked by daily stock
     performance

“Within weeks of being launched The InvestorChannel Silver
Watchlist has already become the top search result for
investors looking for a daily silver investment resource,”
said Tracy Weslosky. “There clearly is a need among investors
for clear and current information about the movers and major
players in the silver market.”

The InvestorChannel Silver Watchlist may be accessed via the
InvestorChannel YouTube account at InvestorChannel.com or on
InvestorIntel.com, where the data driven watchlists feeds are
featured at market close daily.

About InvestorIntel.com

InvestorIntel.com is a leading online source of investor
information that provides public market coverage for both
investors and industry alike. Offering coverage of emerging
markets and investment opportunities to discerning investors,
InvestorIntel is considered an online influencer in analysis,
videos and podcast reports and hosts Investor Talks for self-
directed investors online.

About InvestorChannel.com

InvestorChannel.com is a data-driven fintech company that is
focused on using the latest in artificial intelligence (AI)
and other analytics technologies to develop a platform that
produces timely, insights into companies and industries listed
on the capital markets. Updates are published in video and
disseminated via a variety of online channels through partner
InvestorIntel.com. Updates are published on an InvestorChannel
YouTube channel (click here to subscribe) and automatically
tweeted out daily through @TracyWeslosky.

For more information on either InvestorIntel or
InvestorChannel,        email      Tracy      Weslosky      at
tracy@investorchannel.com or contact us at +1 416 792 8228.

Kodiak Copper sees its stock
almost   triple   on   drill
results

Discovery viewed as “transformative”
Today I take a look at junior copper miner, Kodiak Copper
(TSXV: KDK | OTC: KDKCF). Kodiak saw its stock price almost
triple in the past week after announcing drill results,
including 282 m of 0.70% Copper and 0.49 g/t Gold (1.16% CuEq)
at their advanced MPD copper-gold porphyry project in British
Columbia, Canada.

Kodiak Copper almost triples on a drill result last week

The copper price, currently at US$2.98/lb, has started to
recover lately as global activity comes back from the initial
shock of COVID-19. Looking further ahead, in the next 10 years

there is a clear demand surge about to hit from the coming
booms in electric vehicles and renewable energy.

From a supply perspective declining global copper grades and a
lack of new projects means less copper output is expected.
Higher copper prices will be needed to incentivize new copper
projects.

Any copper companies that can bring a growing, low cost,
production of new copper supply to market this decade should
do very well.

Analysts are forecasting a future copper deficit to emerge in
the 2020s

Source: Courtesy CRU Group

Copper demand vs. supply forecast

Source

The drill results

Kodiak announced on September 3, 2020 the discovery of a
significant high-grade copper-gold extension of the recently
discovered Gate Zone at the company’s 100% owned MPD copper-
gold porphyry project in southern British Columbia, with a
drill result of “282 m of 0.70% Copper and 0.49 g/t Gold
(1.16% CuEq), Including 45.7 m of 1.41% Copper and 1.46 g/t
Gold (2.75% CuEq).”

Chris Taylor, Chairman of Kodiak commented that, “as
compelling as our 2019 discovery of the Gate Zone was, it now
appears we had only grazed the margins of a much stronger
copper-gold zone which we have now successfully targeted. Our
new results include discovery of a central high-grade copper-
gold zone within the wider copper-gold mineralized envelope of
the Gate Zone. These drill results are among the strongest
that have been reported from this well-established copper
mining district in southern British Columbia.”

Claudia Tornquist, President and CEO of Kodiak, added they
viewed “this new discovery as transformative for the project,
and by extension for Kodiak, and pointed specifically to the
“new high gold values, which we would have viewed as a
successful stand-alone gold discovery in the absence of any
copper.” She said that Kodiak anticipates “a very active
remainder of 2020, and that 2021 will be our most exciting and
productive year so far.”

Kodiak Copper’s projects

Kodiak is focused on its portfolio of 100% owned copper
porphyry projects in Canada and the USA.

     MPD Copper-Gold Porphyry Project in the prolific Quesnel
     Trough in southern British Columbia, Canada, where the
     Company made a discovery of high-grade mineralization in
     2020 (as mentioned above).
     Mohave Copper-Molybdenum-Silver Porphyry Project in
     Arizona, USA, near the world-class Bagdad Mine.
     Kahuna Diamond Project in Nunavut, Canada, hosts a high-
     grade, near surface inferred diamond resource and
     numerous kimberlite pipe targets.

Note: Both of Kodiak’s porphyry projects have been
historically drilled and present known mineral discoveries
with the potential to hold large-scale deposits.

Kodiak Copper’s 3 projects location map

Source

Kodiak was founded by Chris Taylor who is well known for
founding Great Bear Resources (TSXV: GBR) (Market cap C$897m),
which made a highly significant gold discovery. Kodiak is also
part of the Discovery Group of companies led by John Robins,
one of the most successful mining entrepreneurs in Canada.

Closing remarks

Juniors that can find and grow good size copper resources will
be handsomely rewarded, especially if their project is located
in a safe jurisdiction. It is still very early days for Kodiak
Copper as they continue to explore and work to develop a
resource. Further drill results are expected before the end of
the year.

As experienced resource investors know, porphyry projects are
usually lower grade but large. What excited the market so much
last week was that Chris Taylor may have again discovered
something big in Canada. Given the market cap is still only
C$65m, if the project can continue to progress and grow a
significant resource this may only be the beginning for Kodiak

Copper.