Materials Canadian Community

I have been reviewing Volta Metals ’ recently updated Springer REE deposit mineral resource estimate (https://www.voltametals.ca/s/VLTA-NR-2026-02-23.pdf) and wanted to contextualize its scale on an in-situ value basis relative to more conventional precious and base metal deposits. In the independent Springer resource estimate conducted by SLR Consulting, a net metal revenue (“NMR”) of C$159/t is applied to the 56.6 Mt of indicated resources and C$128/t to the 119.5 Mt of inferred resources, implying a combined in-situ value of approximately C$24.3 billion.Read more

Critical Error — Revenue = $0 SWS says: "Makes less than USD$1m in revenue ($0)" → Gross Margin 0%, Net Profit Margin 0%, P/S Ratio 0.0x Reality: CTGO uses equity method accounting for its 30% Peak Gold JV interest. Under this method, gold sales revenue stays on the JV's books — CTGO reports it as a single line "Income from equity investment in Peak Gold LLC: $88.6M".Read more

Steppe Gold Ltd. (TSX: STGO) as of mid-April 2026 Steppe Gold is a Mongolia-based gold producer operating the ATO mine (oxide phase depleting), plus the integrated Boroo and Ulaanbulag mines acquired in 2024.Read more

Key Assumptions Metal Prices: Gold at $4,500/oz (80% above ~$2,500/oz) and silver at $100/oz (233% above ~$30/oz), held constant for simplicity. Real Inflation Rate: 8% annually, increasing operating costs (e.g., all-in sustaining costs, AISC) and potentially compressing valuation multiples.Read more

Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read more

🪙 KUYA SILVER (CSE:KUYA) Kuya is transitioning from small-scale restart/ramp-up at Bethania into a Phase-1 commercial platform anchored by 350 tpd mine rate and vertical integration (owning a flotation plant), with exploration upside from Silver Kings. Updated Snapshot — Feb 2026 Capital Structure Issued & Outstanding (Basic): ~189.66M shares Reserved for Issuance: ~45.65M Rough Fully Diluted (basic + reserved): ~235.31M (proxy) ⛏️ Cost Structure Latest published PEA AISC (LOM): ~US$12.15/oz AgEq (This is the most “official” AISC-style metric I can cite; current ramp-up/toll-milling financials will not look like steady-state AISC yet.) Projects Overview & Grade Quality 1) Bethania Silver Project (Peru) — Operating / Ramp-Up Resource (Near-surface maiden resource): Indicated: 404,000 t @ 332 g/t Ag and 469 g/t AgEq (6.09M oz AgEq) Inferred: 700,000 t @ 249 g/t Ag and 369 g/t AgEq (8.30M oz AgEq) Grade feel: High-grade underground vein system (hundreds g/t AgEq) — but production outcome is execution + processing control.Read more

Sirios and OVI combined to form a single, Osisko-backed company which now owns a portfolio of properties near James Bay, Quebec. Of primary importance is their flagship project: Cheechoo.Read more

🪙 Lahontan Gold – Updated Snapshot (2025) Open-pit Nevada gold developer advancing toward a 2027 construction decision. Still very low market cap and truly undervalued to be ignore!Read more

Phase 1 drilling done: 11 holes at Cosuño. First modern tests ever.Read more