Big Win for Student Housing Provider, Promising Updates from Gold & Lithium Juniors

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

PR Title: Starts mining operations at its Dome Mountain gold project in B.C. (QP: Ted Vander Wart, P.Geo., for Blue Lagoon Resources Inc.)

Analyst Opinion: Positive – BLLG has completed its first underground blast, officially marking the start of active mining operations at its Dome Mountain gold project. The property hosts high-grade underground resources, and benefits from existing underground development, as well as a 10-year toll milling agreement with Nicola Mining (TSXV: NIM). Management plans to produce 15 Koz of gold in the first year. With gold at record highs, BLLG’s transition into production comes at an opportune time. We will provide our revenue and EPS forecasts once commercial production is declared, likely in the coming weeks.

Grid Battery Metals Inc. (CELL.V)

PR Title: Completes a two-phase exploration program at its copper-gold project in B.C. (QP: Jeremy Hanson, P.Geo., Independent Consultant of Grid Battery Metals Inc.)

Analyst Opinion: Positive – This property, located between Centerra Gold Inc.’s (TSX: CG) Kemess North project, and the operating Mount Milligan mine, lies in a well-known area for porphyry copper-gold deposits. CELL recently completed prospecting, sampling, trenching, and geophysics, and is now awaiting assay results. In addition, the company owns three lithium projects in Nevada but has not announced any near-term plans for these assets. However, this is likely to change. With lithium prices rebounding, market sentiment gradually improving, and the U.S. government showing interest in taking an equity stake in Lithium Americas’ (TSX: LAC) Nevada project, we believe management is likely to announce a near-term exploration plan for its lithium portfolio.

Cupani Metals Corp. (CUPA.CN)

PR Title: Discovers two new mineralized zones along a 1.5 km x 12 km high-potential corridor at the Blue Lake project in Quebec (QP: Jacquelin Gauthier, P.Geo., VP Exploration of Cupani Metals Corp.)

Analyst Opinion: Positive – Preliminary exploration has led to the discovery of two new mineralized zones, Pogo Northwest and Retty Lake Northwest, with encouraging grades of up to 0.68% CuEq. This is in addition to the previously identified five major zones covering 500 km², which host massive sulfide mineralization, including one zone with a relatively high grade historic resource. While still in the early stages of exploration, a key advantage for Cupani lies in its multiple promising targets. Upcoming work includes an electromagnetic survey, followed by a drill program.

Equity Metals Corporation (EQMEF, EQTY.V)

PR Title: Additional assay results from its 2025 resource expansion drilling program at the Silver Queen property, B.C. (QP: Robert MacDonald, MSc. P.Geo., VP Exploration of Equity Metals Corporation)

Analyst Opinion: Positive – Recent drilling demonstrates that the No. 3 North vein extends laterally outside the current resource envelope. Management plans to complete an updated resource estimate in Q4, incorporating results from the 2023, 2024, and 2025 drilling campaigns. The most recent resource estimate from 2022 reported 1.04 Moz AuEq (85 Moz AgEq) at 6.2 g/t AuEq (512 g/t AgEq). Earlier this year, we projected that the 2023–2024 programs added 20–30 Moz AgEq in new resources; we will provide our estimate for the 2025 campaign once all results are released.