Tailored mining solutions that go deeper
Success in the mining and extractive sector doesn’t happen by chance — it’s built on strategic foresight and a steady hand. With guidance from MNP’s Public Companies and Mining advisors, your business can confidently handle everything from compliance requirements to growth strategies to planning your IPO. In a sector this competitive, staying ahead requires solutions tailored to your goals. And we’re here every step of the way.
Connect with us today.
Maruf Raza, CPA, CA
Partner, Senior Vice President Assurance and National Leader Public Companies
416.515.3900 | maruf.raza@mnp.ca
Brent Wolfe, CPA
Partner, National Director Public Companies
604.637.1592 | brent.wolfe@mnp.ca
The Precious Metals Issue
Letter from the Editor | 4
Highlights from the 2025 Summit on Responsible Investment | 6
From impactful presentations to meaningful collaboration, here’s an exclusive look at the CSE’s premier ESG and sustainability event, Summit on Responsible Investment (SoRI) 2025
Rebuilding Pathways | 10
Richard Carleton on the future of Canada's junior mining markets
Exploits
Discovery | 24
High-grade gold projects in Eastern Canada form basis for resource expansion plan
Listed
Issuer Updates | 28
Hear from three CSE listed precious metals issuers on their current projects, milestones, and what’s next for their companies
Upcoming Events | 32
Connect with the CSE at the following key events
Market Leaders | 34
Gold Hunter Resources | 12
Disciplined, systematic development in Newfoundland’s untapped gold frontier
Blue Lagoon Resources | 16
A less-trodden path to production meets a strong gold market
Headwater Gold | 20
Focused portfolio and a smart business model give this explorer every chance at success
The CSE’s top precious metals companies by market capitalization
Spotlight on Renée Colyer | 36
Get to know CSE Director of Strategic Planning & Brand Development Renée Colyer, including her journey to the Exchange and insights into the CSE’s business strategy and branding
The information contained in this magazine is provided for general information purposes only and should not be construed or relied upon as legal, financial, investment or any other kind of professional advice or opinions. No one should act, or refrain from acting, based solely upon the information provided in this magazine without first seeking appropriate, qualified professional advice. The information is not an invitation to purchase securities listed on CSE. CSE and its affiliates do not endorse or recommend any securities referenced in this magazine. The opinions and views expressed in this magazine do not necessarily reflect the views of the CSE or its affiliates. CSE nor any of its affiliates make no warranties or representations regarding the completeness, reliability, or accuracy of the information. This magazine may contain links to third-party websites or services that are not owned or controlled by CSE or its affiliates. CSE or its affiliates have no control over, and assume no responsibility for, the content, privacy policies, or practices of any third-party websites or services. The inclusion of any links does not imply endorsement by the CSE or its affiliates. We reserve the right to update or change this disclaimer at any time without prior notice. Readers are encouraged to review this disclaimer periodically for any changes.
PUBLISHER
Sparx Publishing Group Inc.
sparxpg.com
For advertising rates and placements, please contact advertising@sparxpg.com
GROUP PUBLISHER
Hamish Khamisa
EDITOR-IN-CHIEF
James Black
EDITORS
Peter Murray
Libby Shabada
ART DIRECTOR
Nicole Yeh
WRITERS
Oliver Haill
Angela Harmantas
Emily Jarvie
Ian Lyall
Libby Shabada
FREE DIGITAL SUBSCRIPTION
Published by Sparx Publishing Group on behalf of the Canadian Securities Exchange. To receive your complimentary subscription, please visit go.thecse.com/Magazine and complete the contact form.
To read more about the companies mentioned in this issue, visit blog.thecse.com or proactiveinvestors.com
TERRITORY ACKNOWLEDGEMENT
The Canadian Securities Exchange acknowledges that our work takes place on traditional Indigenous territories.
Letter from the Editor
It’s remarkable the difference a year can make. As this issue of Canadian Securities Exchange Magazine goes to press, the CSE team is gearing up for another installment of the Precious Metals Summit Beaver Creek, where we’re looking forward to meeting with entrepreneurs and investors in the precious metals industry. And there will certainly be a lot to talk about.
Since the team was in Colorado last September, gold has appreciated about 30% and has managed to outpace the collective performance of the “Magnificent Seven” stocks (up about 26.5%) and the S&P 500 (up about 11%).
Despite the all-time highs in markets and key assets, however, public companies have also faced significant headwinds. The constant whipsaw of announcements related to tariffs and trade policy has fuelled economic uncertainty and ultimately made it increasingly more difficult for growth-stage public companies to raise capital.
Challenging as times may be, neither our issuers nor the Exchange, nor Canada as a whole for that matter, are content to sit on the sidelines. Rather, many CSE listed companies, including those featured in this issue, are actively advancing precious metals projects across Canada and bringing Canadian expertise to projects abroad, highlighting, once again, the country’s leading role in the global mining and mineral exploration spaces.
Since the last Precious Metals Summit, the Exchange has also been hard at work improving access for our listed issuers to an even broader global investor base and putting Canadian mining investment expertise in the spotlight.
In April, the CSE announced that Interactive Brokers, an internationally renowned online broker, agreed to facilitate trades of CSE listed securities. In May, the CSE announced its intention to acquire the National Stock Exchange of Australia, a transaction that is slated to formally close toward the end of October. And, as highlighted in this issue, in June, the CSE returned to Kelowna for the third Summit on Responsible Investment (SoRI), a leading conference that explored the intersection of sustainability, mining, and capital markets.
Important as these efforts are to improve the listed issuer experience, there is still much work to be done. This issue of the magazine also features an insightful piece by our CEO, Richard Carleton, that details the factors that are impeding junior mining and exploration companies from accessing vital capital investment from retail investors, as well as possible solutions to restoring a critical lifeline to early-stage company success.
The singular takeaway from this issue is clear: while headlines and hyperbole will almost certainly dominate the spotlight for the foreseeable future, the CSE team remains focused on creating value for our issuers, facilitating meaningful conversations in the capital markets, and most importantly, showing up where issuers and investors need us the most.
CSE TV
Keep your finger on the pulse of what's happening in the capital markets. Join our community of savvy subscribers who tune in to CSE TV for insightful content about developments in precious metals and beyond.
Subscribe now: go.thecse.com/CSETV
THE EXCHANGE FOR ENTREPRENEURS TM PODCAST
Listen to a variety of in-depth conversations with thought leaders and innovators on Season 4 of The Exchange for Entrepreneurs Podcast. You can find it on Apple Podcasts, Spotify, YouTube and iHeartRadio.
Tune in: blog.thecse.com/ cse-podcasts
James Black Editor-in-Chief james.black@thecse.com
2025 Summit on Responsible Investment
From impactful presentations to meaningful collaboration, here’s an exclusive look at the CSE’s premier ESG and sustainability event, Summit on Responsible Investment (SoRI) 2025
Mining for Change in the Resource Sector
With Brent Gilchrist
An expert in investing in the Canadian resource space, former professional hockey player, President of JDS Resources, and CEO of Deans Knight Capital Management Brent Gilchrist offers his unique perspective and insights on ESG, Canadian mining standards, and the future of responsible investing in mining in this engaging discussion.
Recognizing Responsibility and Avoiding Greenwashing
With Siri Genik
In this insightful session, BRIDGE Founder and Principal Siri Genik breaks down the context and evolution of environmental, social, and governance (ESG), from early stakeholder engagement to greenwashing legislation, and why vague sustainability claims will no longer cut it.
[In Canada], we export our talent, our environmental ability, our financial markets because our financial markets are still number one in the world for resource capital-raising.
Brent Gilchrist “
What [ESG] is, really, is truly common sense. A de-risker. It provides clarity and conformity. […] For me, ESG is just about a responsible way of doing business.
Siri Genik
The Role of Responsible Investing
With Stephen Maser
We sat down with Aura Wealth Management Founder Stephen Maser for a fascinating panel, where he lends his expertise from his 20 years of cross-border wealth and taxefficient investing experience, including how investors can navigate the nuances of ESG, SRI, and ethical investing.
“
I think [responsible investing] is going to be around, and investors are becoming more sophisticated. And they’re becoming more sophisticated in how they feel about things, and they want to know.
Stephen Maser
Unlocking Capital for a Sustainable Future
With Lida Preyma
C ēlandaire Capital Founder and CEO Lida Preyma joined us at SoRI to share her insights from over 25 years of experience in Canada’s capital markets, including a macro-to-micro view of how capital is moving, the opportunities and challenges with emerging markets, and the importance of Indigenous consultation.
“
There are a lot of different ways that we can all participate in helping the emerging markets and getting funds flowing. We have to get innovative. We can’t just take the same old financial instruments and expect them to work.
Lida Preyma
Want more Summit on Responsible Investment content?
Watch the full playlist: go.thecse.com/SoRI-2025-Playlist
Rebuilding Pathways
Richard Carleton on the Future of Canada’s Junior
Mining Markets
Canada’s junior mining sector should be booming. Gold prices are near record highs, demand for critical minerals essential to the energy transition is surging, and the country has worldclass geology. Yet financing for exploration companies is as challenging as it has ever been, institutional interest is muted, and even high-quality projects struggle to attract capital.
To understand this disconnect, we spoke with Richard Carleton, CEO of the Canadian Securities Exchange (CSE ), about the barriers holding the sector back and the reforms that could unlock the next wave of discovery.
Retail and Institutional Investor Pathways Have Shifted
Let’s start with investor pathways. What’s changed?
Thirty years ago, retail investors, through the funds managed by professional investment advisers, were the lifeblood of the junior sector. CEOs would go on roadshows, meet local investment advisors, and build books for IPOs, secondary rounds or private placements. That pathway doesn’t exist on nearly the same scale anymore.
“The lifeblood of junior markets has been cut off.”
Do you believe Canada’s junior mining sector is at an inflection point?
Historically, strong commodity prices have typically triggered a wave of exploration financing. Retail and institutional capital would flow in, projects got drilled, and discoveries were made. Today, the macro conditions are about as good as we’ve ever seen — yet the money isn’t flowing.
The reasons are complex, but they fall into three categories: investor pathways have broken down, confidence in market structure and regulation is waning, and government and industry incentives have not been aligned.
Most retail dollars have migrated into discount brokerages. These platforms, however, don’t allow clients to participate in IPOs or private placements. Meanwhile, compliance guardrails, such as the know-your-client (KYC) and know-your-product rules, as well as liability concerns on the part of many investment dealers make it extremely difficult for advisors to recommend specific junior mining stocks. The capital that once fueled exploration has been effectively cut off.
“We didn’t plan it this way, but the effect of today’s system is that retail capital — the lifeblood of the junior market — is walled off.”
How could this be fixed?
Advisors would benefit from clearer guidance under the
client relationship model. If advisors knew what constitutes appropriate due diligence, i.e. the "know-yourproduct" obligation, I believe they’d be more comfortable recommending credible juniors.
And we need new mechanisms for retail investors at discount brokerages to engage with these opportunities. Why not create the conditions for investors to participate in these broader distributions? For example, where investors can hear CEO presentations, ask questions, and then participate in compliant pre-IPO or IPO rounds. That’s where the retail money is today, but it’s locked out of the capital formation process.
2
Confidence in Market Structure and Regulation Is Waning
The second issue is market structure. What are issuers telling you?
Many new issuers are shocked to learn their stock could trade on more than a dozen Canadian venues, not just the CSE. But because of how market data is priced, unless they pay extra, they can’t see the full picture of how (and where) their stock is trading at any given time. If you can’t see it, the natural assumption is that someone’s working against you.
Then there’s short selling. The rules are clear: abusive short selling is not permitted. But issuers don’t believe those rules are being enforced by the industry, and that perception alone damages trust.
What changes would restore confidence?
First, regulators must demonstrate that the rules already in place are being effectively enforced. Abusive short selling is against the law, full stop. If issuers believe otherwise, that’s a
serious credibility issue and something that deserves serious response.
Second, as the saying goes, sunlight is the best disinfectant. Canada needs a consolidated tape – a single feed of all trades and quotes across venues. It works in the U.S., and it would bring much-needed transparency to our markets.
now, a single entity, China, can dictate market direction and has the ability to undermine projects – nickel is a good example. If Canada, the U.S., the EU, and other allies created strategic reserves or set floor prices for critical minerals, it would shield domestic projects from short-term commodity price manipulation and give juniors the confidence to move from the exploration to the production phase.
“Without transparency and enforcement, confidence in the market will continue to erode – and with it, the willingness to finance new projects.”
3
Government and Industry Incentives Are Misaligned
The third challenge is misaligned incentives between government, majors, and juniors. Can you explain?
Juniors are taking on the risk of advancing projects, but they face long permitting timelines, infrastructure gaps, and limited domestic refining capacity. Majors, meanwhile, are still cautious after past cycles where their investment decisions ultimately didn’t pan out.
Government wants to support critical minerals, but ribbon-cutting ceremonies don’t address the big bottlenecks. If Canada is serious about being a reliable supplier, we need significant, long-term investment in power, rail, roads, ports and refining capacity.
What role could government play?
Beyond infrastructure and permitting reform, government could look at stabilizing commodity markets. Right
“Without infrastructure and stable pricing, we risk watching Canadian projects stall while global competitors move ahead.”
Looking Ahead
If you had to point to the single most important step to revitalize the sector, what would it be?
Rebuilding trust and access. If we can restore investor pathways, bring transparency to market structure, and align government policy with industry needs, the capital will follow. Canada has the geology, the projects, and the skilled people. The question is whether our market frameworks evolve fast enough to let those strengths translate into discovery and production.
Final Word
Nobody set out to cut off the lifeblood of the junior markets, but that’s what happened. Now we have to consciously decide to fix it. If we don’t, the next generation of discoveries – and the wealth they create – may not be Canadian stories at all.
Editor’s Note: This interview has been edited for clarity and length.
Gold Hunter Resources
Disciplined, systematic development in Newfoundland’s untapped gold frontier
By Angela Harmantas
Gold Hunter Resources (CSE:HUNT; OTCQB:HNTRF) is not just another junior explorer with a big land package. It is a team that delivered meaningful shareholder value in 2024 and is now returning to Newfoundland with a fully consolidated district, deep technical leadership, and a strategy rooted in data, geology, and discipline.
At the heart of the company’s plan is the Great Northern Project, a 26,000-hectare district-scale land package running along the Doucers Valley Fault. While nearly 500 historical drill holes exist, they are concentrated in just four small areas. In contrast, 18 gold-bearing trends remain virtually untested. The result is a rare mix of scale, infrastructure access, and nearterm upside in one of North America’s most supportive mining jurisdictions.
In 2023, Gold Hunter sold its initial Newfoundland asset to FireFly Metals in a transaction valued at over $30 million. More than $25 million worth of FireFly shares were issued directly to Gold Hunter shareholders, creating immediate and tangible value during a quiet junior market.
But the exit was not the end of the story. Just 5 kilometres from the original ground, Gold Hunter began consolidating an even larger opportunity. Through more than 10 separate transactions with private holders and small operators, the company unified a 50-kilometre trend along the Doucers
“
This is one of the strongest technical teams I’ve worked with. We’ve got national-level discovery experience and local geological intuition coming together.
Sean Kingsley Chief Executive Officer
Company Gold Hunter Resources
CSE Symbol
HUNT
Listing Date
February 10, 2021
Website goldhunterresources.com
Valley Fault. This marked the first time this corridor has ever been controlled by a single entity.
The company’s success in quietly acquiring these projects ahead of better-capitalized competitors has set the foundation for something bigger.
The Great Northern Project follows a proven structural template: a major regional fault with multiple mineralized splays, hosted in rocks nearly identical to those at Equinox Gold’s Valentine Project.
“Although this is structurally complex like most mineralized gold systems, our approach is systematic,” says Chief Executive Officer Sean Kingsley. “Once you understand the controls, you can start stringing deposits together. It’s a classic string-of-pearls model.”
That model has worked well at Valentine. Starting with a small initial resource, it was built into a
5-million-ounce system with clear continuity and expanding scale. Gold Hunter sees Great Northern as following that same path, with a more advanced starting point thanks to nearly 500 legacy drill holes, robust geochemical coverage, and district-scale consolidation already complete.
Rather than rush into drilling, Gold Hunter spent three months in 2024 compiling the first full district-scale dataset ever assembled in this region. The team aggregated historic work from over a dozen sources, including past operators, government surveys, and private holders, into a single coherent exploration model.
The database includes more than 36,000 soil samples, 7,700 rock samples, 500 lake and stream sediment samples, 660 till samples, 5,700 mapped outcrops, multiple smaller geophysical surveys, and over 66,000 metres of historical
Kingsley
drilling. That effort revealed highpriority trends that had previously fallen through the cracks due to fragmented ownership and limited budgets.
“Now that we’ve compiled the data, we’re layering in geophysics to take it further,” says Kingsley. “The VTEM survey we’re flying over the entire district will help us pinpoint new structural corridors, extensions of known zones, and areas that were never tested properly.”
Gold Hunter’s project is located in one of the most mining-friendly
and accessible regions of Canada. Infrastructure is already in place, including hydroelectric power on site, highway access within walking distance, a mill located just over the ridge, and a deep-sea port facility just a few kilometres away.
“These are the things that matter when you’re looking to build value fast,” Kingsley says. “We don’t need to build roads, power lines, or ship ore across the country. We’re right where we need to be.”
In addition, Newfoundland and Labrador offers supportive permitting frameworks, experienced local workers, and a government eager to promote responsible resource development. These are factors that continue to attract serious exploration and development activity across the province.
Unlocking regional-scale gold systems takes more than ground. It takes people who understand how these systems behave.
Gold Hunter’s technical lead, Rory Kutluoglu, brings both geoscience and geophysics expertise and played a key role in Kaminak’s Coffee Gold deposit, which was acquired by Goldcorp for US$520 million. He sees Great Northern as another high-potential system, this time with infrastructure and historical drilling already in place.
On the ground, veteran Newfoundland geologists Tanya Tettelaar and David Copeland offer unmatched local knowledge.
Tettelaar spent six years as exploration manager at Marathon Gold, helping advance Valentine through its critical growth phases. Copeland has worked directly on parts of the Great Northern land package for over a decade and was instrumental in building the Goldboro deposit, now part of NexGold.
“This is one of the strongest technical teams I’ve worked with,” says Kingsley. “We’ve got national-level discovery experience and local geological intuition coming together. That’s how you de-risk exploration.”
Kingsley himself has been active in Newfoundland and Labrador since the early 2010s and sees the province as one of the last places in North America where major new discoveries are still possible.
With a past win under its belt, a fully consolidated district, an expansive geological and geophysics dataset, and a proven technical team, Gold Hunter is positioned to help write the next chapter of Newfoundland’s gold story.
The company has completed its initial VTEM survey and is in the midst of ground truthing drill targets for 2025. Every metre will be guided by data. Every target will build on a district-wide vision.
“We’ve done the hard work. Acquisition, compilation, modelling, and survey execution,” says Kingsley. “Now it’s time to drill. And we know exactly where to start.”
Angela Harmantas is a senior financial journalist with Proactive. She has 10 years’ experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from multiple countries, including Canada, the U.S., Australia, Brazil, Ghana and South Africa. Prior to joining Proactive, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. Angela currently resides in Toronto.
Blue Lagoon Resources
A less-trodden path to production meets a strong gold market
By Oliver Haill
Blue Lagoon Resources (CSE:BLLG; OTCQB:BLAGF) goes about its business a little differently than most junior mining companies, and this summer marked the culmination of its unwavering – and decidedly entrepreneurial – effort to develop a high-grade underground gold project in British Columbia.
The pending start of production at its Dome Mountain Project, where a ribbon-cutting ceremony was held on July 9, has been years in the making. Now, first ore as an operating mine is expected to be sent for milling no later than fall of this year.
That the company stands at the cusp of generating its first operating cash flow reflects a strategy that defies many mining conventions, and a management approach that is as much entrepreneurial as geological.
Blue Lagoon Chief Executive Officer Rana Vig founded the company in 2019 with no formal background in mining. “I’m not a geologist or mining engineer,” explains Vig. “I come from a business background and have founded five companies in
different industries. I surround myself with smart people in whatever industry I’m in and focus on execution.”
That mindset, plus his first steps in the mining sector as a shareholder and director at Continental Precious Minerals and Musgrove Minerals in the early 2010s, shaped Blue Lagoon’s decisions at almost every stage. From the choice of project to the route to cash flow, Vig has chosen a path that prioritizes capital efficiency and control, even if it came at the expense of speed or mainstream institutional interest.
Securing a mining licence in British Columbia is a big achievement in itself, says Vig. Indeed, Blue Lagoon is one of only nine companies to have received a green light in the past 10 years.
Dome Mountain, located just an hour outside the mining hub of Smithers in northwestern B.C., has exceptional qualities that make up for the relatively small size of its initial scope.
For one, the property is accessible by road year-round. Second, while Blue Lagoon’s current production plan is based
Rana Vig Chief Executive Officer
Company
Blue Lagoon Resources
CSE Symbol BLLG
Listing date July 4, 2019 Website bluelagoonresources.com
on a single high-grade vein system named Boulder, which is comprised of three veins, the total number of highgrade veins identified on the property to date is 15. Despite Blue Lagoon having conducted over 50,000 metres of drilling, just 10% of the 22,000-hectare property has been explored.
Dome Mountain has 218,000 ounces of gold in the Measured and Indicated category. The initial rate of recovery is modelled at 15,000 ounces of gold per year, with Vig noting that plans call for increasing this to 20,000 ounces in the second year and beyond.
Those numbers might not be huge by industry standards, but the average grade certainly is, at approximately 9 grams per tonne gold. And as everyone in mining knows, grade is king.
By sending ore to a toll mill off-site, the need for a tailings pond is removed, thus reducing environmental risk and many related permitting issues. That
decision helped Blue Lagoon build trust with local First Nations communities, which was essential to securing the permit.
This approach also means that Blue Lagoon does not need to publish a feasibility or prefeasibility study, a move that breaks with mining industry convention.
“You can’t publish cost details unless you’ve done a study,” says Vig. “But we didn’t feel we needed one. Two and a half years ago, we extracted 5,000 tonnes and sent it for toll milling. That gave us real-world operating and cost data.”
For some institutional investors, the absence of a feasibility study may have been a stumbling block. But Vig is unbowed. “Most investors understand the risks. The rock is high-grade, gold prices are high, and people have done their due diligence,” he says. “Unless we thought we could be profitable, we wouldn’t do it.” Blue Lagoon has been one of the best-performing stocks on the CSE in 2025, while also enjoying a place in the CSE25 Index.
Blue Lagoon’s focus on capital discipline dates back to the company’s early days. The market was not particularly receptive to exploration stories at the time and Vig resisted pressure from his technical team to raise more funds. “The market was weak and raising at those levels would have been too dilutive,” he says. “The gold wasn’t going anywhere. I said, let’s focus on getting the permit. Once we’ve got cash flowing, we’ll reinvest to expand the resource.”
It was a business decision rooted in experience. “Geologists often fall in love with a project. I focus on profitability and cash flow.”
That reinvestment phase is poised to begin soon. With first production imminent, Blue Lagoon plans to use initial revenues to fund infill and exploration drilling. “Less than 10% of the property is explored and all of that historical drilling plus the 50,000 metres that we drilled has generated many compelling targets we want to follow up on,” Vig explains.
The company’s recent financing of nearly $5 million, all from existing shareholders and strategic investors, will help smooth the ramp-up in exploration work. The strategic investors include Crescat Capital, a U.S. precious metals fund, and Nicola Mining, the company’s toll milling partner, which also extended a $2 million unsecured line of credit. “Nicola’s president has personally invested in our last three financings. That gives me confidence that we have something special,” Vig says.
A new technical team is also in place, with simple site access making hiring easier. Michael McCardal, a senior underground geologist with experience at Pure Gold Mining and Kirkland Lake Gold, recently joined the company. Earlier this year, Vig also formed a mining committee to guide the transition to production, chaired
by former BHP executive Yannis Tsitos and including a local underground mining contractor who has been working on and off on the project since the 1990s.
With the ribbon-cutting ceremony now complete and commissioning underway, the focus shifts to rampup. The first 60 to 90 days will be devoted to underground pre-development work to establish multiple mining faces. Steady production is expected by November, focused on the 15,000-ounce target for recovery in the first full year.
Still, risks remain. While operating without a feasibility study adds uncertainty, Blue Lagoon’s agile approach positions it to move quickly toward production and cash flow in a strong gold market. The company is transparent about the risks, and its ability to scale output and grow its resource
“ Geologists often fall in love with a project. I focus on profitability and cash flow.
— Vig
base will be key to capturing long-term interest and value.
Vig is certainly confident. For him, the fundamentals are sound, the infrastructure is in place, and the timing is right.
“At these high gold prices and our grade, it’s kind of a no-brainer,” says Vig. “This year, we are really just beginning to lay the foundation to the start of something really special.”
Oliver Haill has been writing about companies and markets since the early 2000s, beginning as a financial journalist at Growth Company Investor and later becoming its section editor and head of research. Before joining Proactive, he worked as a freelance reporter contributing to the Financial Times Group, ITV, Press Association, Reuters, and several other high-profile publishers.
the Author
About
Headwater Gold
Focused portfolio and a smart business model
give this explorer every chance at success
By Emily Jarvie
The Western United States has long been one of the world’s most attractive jurisdictions for mineral exploration. The Carlin Trend and other well-known districts provide the prospectivity, while local familiarity with mining and supportive policy give exploration companies comfort that they can realize value from any deposits they might discover.
Headwater Gold (CSE:HWG; OTCQB:HWAUF) is advancing multiple projects in two western states –Nevada and Idaho – and its team could not be happier with what it is seeing.
“There are certainly a lot of tailwinds for the mining industry in the western part of the U.S. right now,” Headwater Gold President and Chief Executive Officer Caleb Stroup tells Canadian Securities Exchange Magazine. “And that’s especially true in jurisdictions like Nevada that have a strong mining culture in existence already. The local communities understand mining, the permitting systems are in place, and we’re seeing signs of improvement in timelines, as directed by the current administration.”
Headwater’s business model blends the traditional approach of direct-funded discovery with a prospect generator strategy designed to broaden exploration exposure while minimizing shareholder dilution.
“Our view is that, especially in early-stage exploration, you need to take a portfolio approach and have multiple targets that are being tested at any given time. That simply gives you a better probability for making a discovery,” Stroup explains.
The CEO also acknowledges the challenges for juniors in relying exclusively on public or private markets to raise capital for exploration.
“There is a pool of capital in larger companies looking for good exploration ideas, especially in places like Nevada, which is one of the best, if not the best, mining jurisdictions in the world,” Stroup says.
“We chose to build something that was a combination of raising money ourselves to explore our 100% owned projects and leveraging partner-funded capital to advance more projects, to offer scale to our exploration and shareholders.”
For a company of its size, Headwater Gold’s lineup of partners is impressive. One of the most notable is its two-project deal in Nevada with Newmont Corporation, the world’s largest gold producer.
Originally signed with Australian producer Newcrest Mining, the agreement was carried forward following Newmont’s acquisition of Newcrest in 2023.
Under the arrangement, Newmont is earning into Spring Peak and Lodestar, two epithermal projects in Nevada’s Walker Lane Trend, which has attracted attention in recent years following a Tier 1 discovery made by AngloGold Ashanti at its Silicon Project.
Centerra Gold, a major gold producer, also became a key partner last year, taking a 9.9% equity stake in Headwater.
The numbers behind Headwater’s partnerships are significant. Using Newmont’s earn-in deal for the Spring Peak project as an example, Stroup says
that the company always starts with a minimum commitment.
At Spring Peak, this was US$5 million minimum in exploration work, as part of a $15 million Stage 1 earn-in for 51% ownership. If that threshold is reached, Newmont can earn up to 75%
Caleb Stroup Chief Executive Officer
by completing a prefeasibility study and granting Headwater a royalty, specifically a 2% net smelter return (NSR) on staked ground or 1% on small third-party parcels, following an additional US$40 million in exploration work.
“These are fairly big dollar numbers, both in terms of the minimum exploration commitment but also the ongoing earn-in exploration structure,” Stroup says.
On July 22 of this year, Headwater signed a letter of intent with OceanaGold covering three projects in northern Nevada: TJ, Jake Creek, and Hot Creek. The deal includes a minimum spending commitment by OceanaGold of US$2.5 million across the projects in the first two years of the agreement. OceanaGold could earn 75% of the projects with total exploration spending of US$65 million, completion of prefeasibility studies, and the granting to Headwater of 1% NSRs.
In the case of both the Newmont agreement and the OceanaGold partnership, Headwater is the project operator, collecting a 10% management fee on all exploration work it carries out.
“That allows us to have fairly close technical control as to what’s taking place on the ground,” Stroup says. “It
also provides a mechanism for us to fund a lot of our ongoing costs at the corporate level with that 10% management fee, resulting overall in a very low burn rate, which over the last couple of years has been nearly net neutral despite all the activity in the portfolio.”
With five projects currently under partnership, Headwater is also advancing its 100% owned projects. Two standout assets are Midas North in Nevada and Crane Creek in Idaho.
At Midas North, Headwater holds the northern end of the historic Midas Mining District. Immediately to the south of Headwater’s land package is the Midas mine complex, where over 2 million ounces of gold and over 25 million ounces of silver were extracted from high-grade epithermal veins by various operators between 1998 and 2019.
Despite its proximity to the past-producing mine, the property is largely untested. Headwater’s early drilling and geologic mapping have defined a preserved alteration cell, indicating a potentially intact epithermal system at depth.
“There are some very interesting targets that are emerging and we think we really have a shot at a Midas-type discovery,” Stroup states.
Meanwhile, at Crane Creek, Headwater sees similar overlooked potential. Located in western Idaho, the project features a 4-kilometre-long gold anomaly and historic drilling that returned several high-grade intercepts.
Headwater’s recent work has also identified a higher-grade vein system which was previously untested. Surface sampling has returned multiple samples exceeding 5 grams per tonne gold, suggesting the potential for a veinhosted discovery, according to Stroup.
With partner funding and internal targets lined up, Headwater is preparing for multiple drilling programs in the coming year.
Notably, Newmont-funded exploration is expected to kick off at the Lodestar project, located at the northern end of the Aurora Mining District and adjoining Spring Peak.
“This is the target area that we’ve been developing for the last couple of years now and remains probably the
highest-priority undrilled target in the district, in my view at least,” Stroup says. “We’re waiting for one final permit to get going this fall here, and that’s progressing through. So that’ll be a good piece of news to watch for as that program develops.”
As part of its newly announced partnership with OceanaGold, it is expected that drilling will commence at the TJ project in the latter half of 2025. This will bring Headwater’s partner-funded drill programs to at least two by year-end.
Behind Headwater’s success is a team of veteran geologists with experience in both major and junior exploration.
Stroup himself spent years in the field with Kinross Gold before founding Headwater. Chairman Alistair Waddell held senior roles at Kinross and has decades of experience in global gold exploration. The company recently added Fraser MacCorquodale, former Global Head of Exploration at Newcrest, to its board.
“ There are some very interesting targets that are emerging and we think we really have a shot at a Midas-type discovery.
— Stroup
This technical credibility has been a key factor in building trust with major partners, Stroup believes.
“Our experience with the majors at the corporate level is in large part the reason why we’ve been able to build their trust and establish so many partnerships. With these earn-in partnerships, we can give shareholders a great shot at a new discovery and exploration upside but minimize the dilution required to get there.”
Emily Jarvie began her career as a political journalist in Australia. After she relocated to Canada, she worked as a psychedelics journalist, reporting on business, legal, and scientific developments before joining Proactive in 2022. Emily has worked as a reporter in Australia, Europe, and Canada.
Emily Jarvie began her career as a political journalist in Australia. After she relocated to Canada, she worked as a psychedelics journalist, reporting on business, legal and scientific developments before joining Proactive in 2022. Emily has worked as a reporter in Australia, Europe and Canada. About the Author
Exploits Discovery
High-grade gold projects in Eastern Canada form basis for resource expansion plan
By Ian Lyall
It's a good time to be in the gold exploration business, and even more so if you have projects in safe jurisdictions, given the current geopolitical environment. That said, exploration brings its fair share of challenges: you need a special combination of project quality, personnel, and the knack to create your own good fortune in order to come out on top.
From that perspective, Exploits Discovery (CSE:NFLD; OTCQB:NFLDF) seems built for success. Focusing on wellknown mining districts in Eastern Canada and projects that have yielded some truly outstanding drill results, Exploits quickly put together an initial historical resource base and is advancing a plan to expand it in the shortest time possible.
With an accomplished team, healthy treasury, and the backing of one of the most successful investors in the history of mining, the future looks bright.
Exploits Discovery Chief Executive Officer Jeff Swinoga spoke with Canadian
Securities Exchange Magazine about developments to date and where he sees the company going over the near and medium terms.
Let’s begin with an overview of your objectives at Exploits Discovery and where you stand with progress thus far.
Our goal is to build Exploits into a premier gold exploration company. We’ve transformed the company from having no gold ounces to a historical resource of nearly 700,000 ounces in under two months.
Exploits’ projects are located in three top-tier mining regions: Ontario, Québec, and Newfoundland. We’ve structured our portfolio to combine historic gold resources with meaningful exploration upside. The goal is to deliver sustained growth, long-term shareholder value, and leadership in the sector.
Having strong cash reserves and the discipline to carry out proper due diligence gave us the agility to seize these opportunities quickly.
Let’s begin our look at the projects with the Hawkins Gold Project in Ontario. Why is Hawkins exciting for your team?
Hawkins is a district-scale opportunity. We have an option to acquire 100% of the project, which sits on a 60-kilometre greenstone belt geologically similar to the Hemlo deposit. The Hemlo Mine is one of Canada’s most prolific, with over 21 million ounces of gold produced. Hawkins currently has a historic inferred resource of roughly 328,000 ounces at 1.65 grams per tonne gold, and mineralization is open along strike and at depth.
Our focus is on permitting, prospecting, stripping, and geophysical surveys that will enhance the understanding of several prospective areas and could lead to priority future drill targets and drilling to expand that resource. Current prospective areas include both east and west along strike of the historic McKinnon Zone and multiple locations that have reported historic gold showings.
Jeff Swinoga Chief Executive Officer
Company Exploits Discovery
CSE Symbol
NFLD
Listing Date
May 30, 2019
Website exploitsdiscovery.com
You’re also active in Québec. What’s the strategy there?
Québec offers both scale and flexibility. We have three drill-ready properties: Benoist, Wilson, and Fenton. All are located in established mining districts with excellent infrastructure.
At Benoist, we’ve got two gold zones with historic indicated resources of around 134,400 ounces at 2.87 grams per tonne gold and inferred resources of 107,000 ounces at 2.3 grams per tonne. That project alone has room to grow.
Wilson, just 15 kilometres from Benoist, covers 1,750 hectares and hosts three known gold zones. Previous drilling traced mineralization over 700 metres of strike, 350 metres of width, and 300 metres of depth with some historic intercepts up to 43.3 grams per tonne gold.
Fenton is a high-grade story. We’re looking at 12 gold zones across 671 hectares, with a non-compliant historical estimate of 426,173 tonnes grading 4.66 grams per tonne gold. One standout result showed 356 grams per tonne gold over narrow widths. We’re progressing through permitting and lining up trenching, sampling, and geophysical work ahead of drilling.
And in Newfoundland?
We’ve secured 100% owned claims along the Appleton Fault Zone and Dog Bay Line, right next to New Found Gold’s recent 2-million-ounce discovery. It’s a very strategic position we have created.
We’ve already identified two zones with high-grade assays. Horseshoe returned 38.2 grams per tonne gold over 2.8 metres, and Saddle yielded 67.55 grams per tonne gold over 3.3 metres with visible gold. Our regional till sampling shows gold grain counts well above background levels, highlighting strong discovery potential.
What’s ahead for the second half of 2025?
On each of our properties, we’re advancing permitting, prospecting, stripping, and geophysical surveys that will
Our plan is straightforward: build ounces, expand resources, and unlock value. Whether that’s through organic growth, joint ventures, or strategic combinations, we’re structurally set up to grow.
Swinoga “
enhance the understanding of several prospective areas and could lead to priority future drill targets. We will also be preparing drill programs at our highest-priority targets. The plan is to deliver drilling results later this summer or early autumn. Those results will feed into updated resource estimates.
We’re also evaluating joint ventures for non-core assets to sharpen our focus on the highest-grade opportunities.
What sets Exploits Discovery apart in a crowded junior mining space?
It comes down to four things: scale, location, financial flexibility, and upside.
We have a combined historical resource base of approximately 680,000 ounces of gold across four projects in some of Canada’s top-tier mining jurisdictions, including Ontario and Québec. All of our assets are in established structural gold belts with strong infrastructure and a history of production. This gives us a de-risked, geographically diverse foundation.
As I said earlier, and this should never be underestimated, we’re also well-funded and we’re positioned to move quickly on opportunities. That strength allowed us to secure multiple high-quality projects in a matter of weeks.
Another key point is our valuation. We’re currently trading at around $6 per ounce of gold in the ground, while peers typically trade between $40 and $50 per ounce. And there’s multiple potential re-rating catalysts ahead, including drill results and possible resource updates.
And finally, the upside. All of our projects are open at depth and along strike, with multiple drill-ready targets. Our plan is straightforward: build ounces, expand resources, and unlock value. Whether that’s through organic growth, joint ventures, or strategic combinations, we’re structurally set up to grow.
Exploits has a well-known backer in Eric Sprott. What does that mean for the company?
Eric Sprott owning 14% of our shares is a strong vote of confidence in our team, our strategy, and our assets. His involvement signals to the market that we’re building something with real potential.
Tell us a bit about yourself and the team.
I’ve spent about 27 years in mining, starting at Barrick Gold, then moving on to CFO roles at Hudbay Minerals and North American Palladium. I also served as CEO at First Mining Gold and was the national mining leader at EY. I’ve worked on projects all over the world, from Argentina and Ghana to Mexico and Canada.
Shanda Kilborn, who leads corporate development and investor relations, has nearly two decades of experience with junior miners, including Abitibi Royalties. Our technical advisor, Dr. Natalie Pietrzak-Renaud, brings over 20 years of multi-commodity exploration experience across gold, rare earth elements, diamonds, and base metals. She holds a PhD in Geology from Western University and is a registered professional geoscientist in Ontario, the Northwest Territories, and Nunavut.
What’s the long-term outlook for Exploits Discovery?
It’s simple. We are focused on growing ounces and improving grade, new potential acquisitions, and new gold discoveries.
As I said at the start, we have established a solid foundation to grow our company for the benefit of our shareholders.
As Managing Editor at Proactive, Ian Lyall oversees an editorial and broadcast team spanning six offices and three continents. Prior to Proactive, he served as News Editor and Investment Editor at the Daily Mail. He also worked as UK Editor for AFX News, and as an equities reporter for Dow Jones Newswires.
Listed Issuer Updates
Getchell Gold
Interviewee
Mike Sieb, President
Hear from three CSE listed precious metals issuers on their current projects, milestones, and what’s next for their companies
Listing Date August 11, 2011 Website
The primary asset for Getchell Gold is the Fondaway Canyon Gold Project in Nevada, one of the best jurisdictions in the world to operate. And it provides a really good sense of confidence, not only for the company but for our shareholders as we advance the Fondaway Canyon Gold Project.
Following an amazing three drill campaigns, last year was a great year. We started off by publishing a revised mineral resource estimate that by far exceeded our expectations, and we continued on through the year. We improved the metallurgy. We showed the metallurgy as a very attractive product that we can produce at the end of the day. And then we finished off the year with the publishing of a Preliminary Economic Assessment that not only answered everybody's questions on how good the project was, but it showed how potentially robust economically it can be.
Right now, we're in the process of designing a drill program to expand the resource. And I'm hoping by this time next year to come out with basically a Preliminary Economic Assessment 2.0, which will even improve on the already robust economics that we've shown. I think everybody basically feels the market right now has high expectations for gold.
We've [also] brought on a very strong new chairman of the board. He's been an extremely excellent supporter of the company. And we do anticipate that our board is going to carry us forward here through this period and definitely make all our investors and shareholders happy. Everything is posted on our website – our updated presentation, which outlines in graphic detail the positive attributes of the Fondaway Canyon Gold Project, and all our technical reports are there for viewing. So, definitely keep an eye on Getchell Gold. We're a proud company of the CSE.
“
I'm hoping by this time next year to come out with basically a Preliminary Economic Assessment 2.0, which will even improve on the already robust economics that we've shown.
— Sieb
Yukon Metals
CSE Symbol YMC
Listing Date November 29, 2022
Website yukonmetals.com
Yukon Metals has 17 properties, of which we've advanced three to the drilling stage. What sets apart those three assets, in addition to the geologic potential that they have, is their access to infrastructure.
“
Interviewee
Rory Quinn, CEO
Interview Date
May 21, 2025 go.thecse.com/yukon-metals
Star River we approached as a silver-lead-zinc project, but it quickly became a precious metals project. Through fieldwork last year, we were able to find, through outcrop and subcrop and some float, bonanza-grade silver and gold. At AZ, we're 6 kilometres away from the Alaska Highway, and we have 3.5% copper outcropping. That will be the subject of an initial drill program. We'll drill an initial 2,000 metres into that outcropping high-grade copper.
At Birch, we had a 1,400 metre-long gold-in-soil anomaly with gold grading up to 0.9 grams per tonne across 1,400 metres, so almost a gram per tonne gold. Sampling at Birch returned multiple samples of 2.4% copper and gold above 14 grams per tonne.
We've been able to attract a very good team here at Yukon Metals. Our first hire really was Helena Kuikka. She's our VP Exploration. Most recently, we were able to add Kaeli Gattens to the team. […] And along those lines as well, we were fortunate enough to be able to add Sue Craig to our board this year as well.
With $17 million in the bank now after our $11 million raise this spring, investors can look forward to hearing from us on three drill programs.
— Quinn
With $17 million in the bank now after our $11 million raise this spring, investors can look forward to hearing from us on three drill programs. Yukon Metals will have a substantial amount of news flow and catalysts through the balance of the year.
A fourth asset that's really become quite important for us at Yukon Metals is called Risby. Risby was previously explored as a tungsten prospect. Upon doing a lot of desk work and looking at assessment reports over the winter, we've determined that Risby is also an intrusion-related gold system with drill holes finishing in gold mineralization. So, we're going to do a thorough review of that this field season.
Abitibi Metals
Interviewee
Jon Deluce, CEO
Interview Date
CSE Symbol AMQ
Listing Date March 9, 2020
Website abitibimetals.com
We optioned B26 in November of 2023. B26 is a very exciting opportunity […] that is a large polymetallic deposit focused on copper-gold, with also zinc and silver, that we optioned off of the Québec government subsidiary, SOQUEM.
This project, as it had never been in a public company, started with a resource of 11.5 million tonnes. And in one year, we grew this to 18.5 million tonnes. We had a sevenyear option to earn 80% of the project, and we completed 50%. Abitibi owns 50% of the project, and we did that two and a half years ahead of schedule.
[Our current drill campaign] is the first large-scale expansional program since we optioned B26. But what that represents is that we are starting with a strike length of roughly 1.5 kilometres that runs along this road that is east-west along the property.
As of the last operations update that we had, the drilling that we have already completed or what we have planned, we will be, with the use of directional drilling, saving at minimum 7,000 metres of drilling. That allows us to get more mileage out of the capital that we raise and look at [...] how do we expand this deposit at the lowest cost of capital.
We have a power line that runs through the project, a substation within 5 kilometres, we're an hour from a town. So, it's in an area that is very pro-mining. We have excellent support of First Nations partners. A lot of the roadblocks to this being a development have been met.
Within the next one to three years, we see a very exciting junior mining market, and we are positioned with the capital, with the asset, with the team to really accelerate when we get that market.
“ Within the next one to three years, we see a very exciting junior mining market, and we are positioned with the capital, with the asset, with the team to really accelerate when we get that market.
Deluce
Editor’s
Tune in to our YouTube channel to watch new episodes and replays.
CSETV
Upcoming Events
Connect with the CSE at the following key events
Bay Street Rides FAR
Toronto, Ontario | September 27
Going Public and Raising Capital in Canada
Halifax, Nova Scotia | September 16
The CSE is proud to once again join members of the Bay Street financial community to sponsor and participate in the fourth annual Bay Street Rides FAR in support of Autism Science Foundation Canada, a charity that researches causes and treatments of autism.
International Mining and Resources Conference (IMARC)
Sydney, Australia | October 21-23
We’re excited to return to IMARC, one of Australia’s largest events for mining professionals. This world-class conference is a gathering place for some of the most influential people in the mining industry and offers three exciting days of programming across nine concurrent conferences.
PDAC 2026
Toronto, Ontario | March 1-4
As always, the Exchange is looking forward to heading back to the Prospectors and Developers Association of Canada’s signature convention. This leading mineral exploration and mining event brings together thousands of attendees and exhibitors from around the globe and hundreds of expert speakers.
Designed for entrepreneurs, company founders, and capital markets professionals, this popular CSE-hosted event explores key opportunities and strategies for successfully entering Canada’s public markets and features an evening seminar and networking reception.
New York City, New York | October 15 Global
Markets Forum
This premier event, jointly co-hosted by the CSE, Aquis Stock Exchange, and OTC Markets Group, offers a variety of presentations from leading Canadian, U.S., and U.K. public growth companies, insights from industry experts, panel discussions with key market participants, and more.
The 64th WFE General Assembly & Annual Meeting
Istanbul, Türkiye | October 21-23
As the World Federation of Exchange’s highest decision-making body, the General Assembly brings together executives from member exchanges worldwide to help shape the future of global markets, while the Annual Meeting unites industry leaders to discuss major issues surrounding the exchange industry.
For more information about these and other events we’re attending across the year, visit go.thecse.com/events
If you’d like to schedule a meeting with us at an event we’re attending, email the CSE at events@thecse.com
Market Leaders
The CSE’s top precious metals companies by market capitalization*
ASANTE GOLD CORPORATION
CSE:ASE | OTCQX: ASGOF | Market Capitalization: $817,434,263
SANU GOLD CORP.
CSE:SANU | OTCQB:SNGCF | Market Capitalization: $92,202,729
BLUE LAGOON RESOURCES INC.
CSE:BLLG | OTCQB:BLAGF | Market Capitalization: $84,467,268
BARRANCO GOLD MINING CORP.
CSE:BAR | Market Capitalization: $70,273,248
ESGOLD CORP.
CSE:ESAU | OTCQB:ESAUF | Market Capitalization: $63,089,878
ANDINA COPPER CORPORATION
CSE:ANDC | OTCQB:PMMCF | Market Capitalization: $59,122,830
STAR COPPER CORP.
CSE:STCU | OTCQX:STCUF | Market Capitalization: $57,894,523
GETCHELL GOLD CORP.
CSE:GTCH | OTCQB:GGLDF | Market Capitalization: $57,410, 318
ARES STRATEGIC MINING INC.
CSE:ARS | OTCQX:ARSMF | Market Capitalization: $57,119,820
FIRST PHOSPHATE CORP.
CSE:PHOS | OTCQB:FRSPF | Market Capitalization: $56,811,353
APEX CRITICAL METALS CORP.
CSE:APXC | OTCQX:APXCF | Market Capitalization: $56,641,961
TOCVAN VENTURES CORP.
CSE:TOC | OTCQB:TCVNF | Market Capitalization: $54,125,232
*Market capitalization data as of August 14, 2025
MORE CONTENT
Meet the CEOs of CSE listed companies on CSE TV: youtube.com/CSETV
SPOTLIGHT ON Renée Colyer
Get to know CSE Director of Strategic Planning & Brand Development
Renée Colyer, including her journey to the Exchange and insights into the CSE’s business strategy and branding
By Libby Shabada
campaign measurement and advising the senior vice president of the direct-to-consumer vertical on strategy, consumer behaviour, and creative impact. Finally, I was recruited to work at TMX Group, where I headed up the research and strategy department, managing all market structure, product, service, strategy, and brand research. After that, I left the TSX to start my own consulting firm for banking and capital markets clients, and I launched Canada’s first-ever electronic trading utilization study with the cooperation of all major banks and broker-dealers operating in Canada. While acting as a consultant, the CSE approached me to work with them in that capacity, but it soon became apparent that it would be more efficient to become a full-time employee. I accepted the offer six years ago.
You’ve been at the Exchange for over six years now. What do you like most about your role?
There are two main aspects of my job that I love. One is the combination of people and environment; I believe they are one and the same. Two, I love the diversity of my job. I’m a researcher, marketer, brander, website manager, graphic designer, strategic coordinator, and event planning assistant! Every day is a new adventure.
You helped lead the CSE’s significant rebrand just ahead of its 20th anniversary in 2024. What was the spark behind the rebrand, and how has it impacted the Exchange?
mentioned, hit a 20-year milestone and felt that our company had grown significantly, and our brand should be a reflection of that growth and success. So, we modernized the old logo and added a new tagline, “Always invested.” to tell our customers that we are here to stay and that our primary goal is to always be invested in them, in their success, in making our service the best it can be.
From your vantage point, what can people expect from the CSE as a brand in the coming months?
I expect the CSE’s brand will only continue to grow and increase in value. Our team is working tirelessly to increase brand equity and awareness. Two notable accomplishments are improved global access to CSE listed issuers and trading with connectivity to Interactive Brokers, and we are currently finalizing our acquisition of the National Stock Exchange of Australia that will fall under our brand family. The team is doing everything we can to listen to our customers and offer the products and services that they value.
What are you most excited about in 2025 in the precious metals sector and beyond?
How did your career in business strategy begin? How did your journey bring you to the CSE?
I would say my career began in market research at the Bank of Montreal, where I supported global campaigns. From there, I moved on to Manulife Financial, where I was responsible for all direct marketing
The rebrand was the culmination of a number of CSE-related accomplishments. We launched our Senior Tier so that our issuers have the opportunity to move to another level at the CSE once they have grown to a size where they want to be recognized for their accomplishments. We had grown to over 700 listed issuers. We, as
From investors seeking potential portfolio protection in volatile markets to commercial applications in the green energy transition, precious metals play a critical role in both global finance and sustainable technologies. Ongoing demand, constrained supply, and breakthrough innovations in mining and exploration make this sector a compelling one to keep an eye on. And of course, what makes this exciting is that many of these precious metals–focused companies are listed on the CSE!
We exist to amplify voices that catalyze positive change.
Your purpose-driven story can change the world. Let’s make sure everyone knows it.
From long-form content to social media marketing to SEO and everything in between, our mission is to maximize your impact.
Our certifications, recognitions, and partnerships
Together, we can make your impact story shine. Contact us for a free consultation: sparxpg.com
