Sprott Invests in Silver Junior; Positive Updates from Potash and Helium Plays

Silver Dollar Resources Inc. (SLVDF, SLV.CN)

PR Title: Announces a $5.9M private placement with Eric Sprott participation

Analyst Opinion: Positive – This financing represents a major vote of confidence in SLV’s portfolio. Proceeds will be directed toward exploration at the Ranger-Page silver-lead-zinc project in Idaho’s Silver Valley, and the La Joya silver project in Mexico. Ranger-Page includes six historic mines that collectively produced over 1.1 Blbs of zinc and lead, along with 14.6 Moz of silver. La Joya hosts a large, shallow, historical inferred resource of 160 Moz AgEq. In addition, SLV holds the early-stage Nora project in Mexico, which has potential for a high-grade gold-silver mineralized system.

Pulsar Helium Inc. (PLSR.V, PSRHF)

PR Title: Additional gas analysis results from the Topaz helium project in Minnesota (QP: Brad Cage, VP Engineering of Pulsar Helium Inc.)

Analyst Opinion: Positive – Laboratory analysis confirmed helium concentrations of up to 8% by volume in both Jetstream #1 and #2 appraisal wells, well above the typical threshold of ~0.3%, demonstrating a robust helium-rich reservoir. In addition, the produced gas contained favorable CO2 levels of 75–80%, suggesting potential for commercial CO2 recovery as a by-product, further enhancing project economics. The Topaz project hosts a high-grade helium resource. We expect an updated resource estimate, and a Preliminary Economic Assessment (PEA), later this year.

Millennial Potash Corp. (MLP.V)

PR Title: Intersects additional robust potash mineralization at its Banio potash project in Gabon (QP: Peter J. MacLean, PhD, P.Geo., Director of MLP, and Sebastiaan van der Klauw, EurGeol of ERCOSPLAN)

Analyst Opinion: Positive – The latest hole intersected over 220 m of potash mineralization, including 112.5 m grading 15.9% KCl, indicating significant resource expansion potential. We believe this will positively impact an upcoming resource update, and feasibility study, as mineralization has been extended both along strike and depth. The program will also likely upgrade parts of the resource from inferred to indicated, and from indicated to measured, thereby increasing overall confidence in the resource estimate. The current resource estimate covers just 1.5% of the total project area. A 2024 PEA returned an AT-NPV10% of US$1.1B, and a high AT-IRR of 33%, using a 25-year average Muriate of Potash (gMOP) price of US$387/t vs the current spot price of US$312/t.

Trident Resources Corp. (ROCK.V)

PR Title: Drilling update from its Contact Lake project in Saskatchewan (QP: Cornell McDowell, P.Geo., VP Exploration for Trident Resources)

Analyst Opinion: Positive – Preliminary results from an ongoing drill program at Contact Lake reported visual indications of mineralization in multiple holes, prompting ROCK to expand the program from 5,000 m to 6,500 m. The company’s portfolio includes three projects with a historical resource totaling 1.6 Moz AuEq. Management is currently focused on confirming and expanding Contact Lake’s historical resource of 1.05 Moz Au.