Silver Miner Bought Deal & Strong PEA; Gold Miner Nears Production

Silver X Mining Corp. (AGX.V, AGXPF)

PR Title: Announces a $13M bought deal financing (QP: David Heyl, Edgard Vilela, and Donald Hickson, consultants of Silver X Mining

Analyst Opinion: Positive – This financing follows a robust Preliminary Economic Assessment (PEA) on Silver X’s Nueva Recuperada mine in Peru, which outlined an AT-NPV10% of US$303M, and an AT-IRR of 69%, based on US$33/oz silver, cash costs of US$12/oz, and initial capex of US$82M. The project is expected to produce over 6 Moz AgEq/year, compared to the current production rate of approximately 1 Moz/year. The study confirms Silver X’s plan to operate two mines within the Nueva Recuperada Silver District: the Tangana Mining Unit, in operation since 2021, and the Plata Mining Unit, which is expected to come online next year. With silver trading near record highs, we anticipate increased M&A activity over the next 12 months as larger companies target juniors to expand their portfolios.

Blue Lagoon Resources Inc. (BLAGF, BLLG.CN)

PR Title: Nearing commissioning of its water treatment system; Adds key team members as Dome Mountain moves toward commercial production

Analyst Opinion: Positive - BLLG announced it is just days away from commissioning its water treatment system, the final step before blasting and mining operations can begin. The company had commenced pre-production in July 2025, when we conducted a site visit (see our site visit report for details). Underground preparation work is underway. In parallel, BLLG has strengthened its team with the addition of a veteran underground mine supervisor, and an experienced environmental manager, signaling readiness for ramp-up. Management plans to process 55,000 tpy for 15,000 oz of gold in the first year, with a target of 20,000 oz in year two.

Doubleview Gold Corp. (DBLVF, DBG.V)

PR Title: Drill results from the Hat project in B.C. (QP: Erik Ostensoe, P.Geo., Consulting Geologist of Doubleview Gold Corp.)

Analyst Opinion: Positive - Preliminary results from an ongoing drill program at the Lisle zone returned high-grade copper and gold intercepts over long intervals, including 1.2 m of 5.26% CuEq, 169 m of 1.00% CuEq, and 220 m of 0.87% CuEq, expanding the mineralized footprint of the Hat deposit. We expect this to positively impact an upcoming resource update and PEA. The Hat project hosts an open-pittable, polymetallic porphyry deposit with resources totaling 5 Blbs CuEq, uniquely enriched with scandium and cobalt.

Grid Metals Corp. (GRDM.V, MSMGF)

PR Title: Drill permit approval for its Falcon West project in Manitoba

Analyst Opinion: Positive – This permit will allow GRDM to begin drilling the Lucy South cesium zone at its 100%-owned Falcon West lithium-cesium project. Cesium, classified as a critical mineral by both the U.S. and Canada, is vital for high-temperature drilling fluids, with numerous high-tech and industrial applications.

Trident Resources Corp. (ROCK.V)

PR Title: Options the Reindeer property connecting its Knife Lake and Greywacke projects, Saskatchewan (QP: Cornell McDowell, P.Geo., VP Exploration for Trident Resources)

Analyst Opinion: Positive – Reindeer is at an early exploration stage, with several gold, copper, zinc, and silver showings already identified. Trident can earn a 100% interest by issuing 2M shares, and paying $35k in cash. This is a strategic transaction, as the property connects ROCK’s two gold projects, Contact Lake and Greywacke, in the region. The company’s portfolio hosts relatively high-grade historical resources totaling 1.6 Moz AuEq at 1.2 g/t.