Morning Briefing: Agnico Places a C$57M Strategic Investment into Radisson Mining

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom Studios, here's your host, Trevor Hall. And good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. Hope you had a wonderful weekend, because it's Monday, August 24th, and gold is continuing to follow through on last week's big move. It's up 1.2 % this morning at time of recording to$4 ,663 an ounce, adding to last week's breakout above the 200-day moving average and continuing to hold its gains.

0:44Silver is higher by 0.5 % to$69.33. Copper is up 0.3 to$6.59 a pound. The Bank of Russia has disclosed that its gold holdings fell to 73.2 million ounces as of August 1st. This is the lowest level in more than six years and down 1.6 million ounces from the start of the year. Russia has historically been one of the world's most aggressive accumulators of gold over the past decade, making this shift a meaningful signal worth watching. The drawdown is widely interpreted as a reflection of the sustained fiscal pressure the Kremlin is facing. Texas oilman Albert Huddleston has emerged as an anchor investor in a proposal put forward by Glencore and others to take control of Sherratt International.

1:36That's the Toronto-listed miner best known for its nickel and cobalt operations in Cuba through the MOA joint venture. Sherrod has long traded at a significant discount due to the complexity of its Cuba exposure and its debt load. A Glencore-led privatization would bring one of the world's largest commodity traders into direct control of a significant nickel and cobalt stream. We'll get to the news out of the miners and explorers here in just a moment, but first a mention of today's sponsor. Today's morning briefing is brought to you by Integra Resources. Integra is a U.S.-focused gold and silver developer with two cornerstone assets, the Delamar Gold Silver Heap Leach Project in Idaho and the Florida Canyon Mine in Pershing County, Nevada.

2:25The Bureau of Land Management published the Notice of Intent for Delamar's Environmental Impact Statement in May that formally launches the federal NEPA review process. Ausenka was appointed to lead detailed engineering in June, and long-lead procurement activities will begin later this year. Integra Resources trades on the TSX Venture under ITR, and on the NYSE American with ITRG. From power generation to steelmaking, coal still drives the global economy. And the Coal Trader Podcast from Clear Commodity Network is where the industry comes to talk about it. Join me, Matt Water, and my partner, Joe Aldina, as we break down the latest trends in thermal and met coal, explore shifting market dynamics, and sit down with industry veterans and executives for unfiltered, insightful conversations.

3:13Listen to Coal Trader Podcast on Apple Podcasts, Spotify, or at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

3:28And here's what you need to know this morning. Radisson Mining has announced a$57 million Canadian strategic investment by Agnico Eagle, with Agnico subscribing to approximately 53.5 million units at$1.07. That's a 6 % premium to the last close. This gives AgNECO approximately 10.5 % of Radisson on a non-diluted basis, along with board representation and participation rights. The proceeds will fund an advanced underground exploration program at the O 'Brien Guild Project in the Epitibi. It includes access ramp, underground and surface infrastructure, and water management facilities. The program is designed to build the geological and geotechnical data set needed to define mining scenarios for the O 'Brien project.

4:21Radisson Mining trades on the venture with RDS and on the OTCQX with RMRDF. Hot Chile is reporting another strong round of results from Slavverde copper gold porphyry discovery in Chile's coastal Atacama region. with step-out diamond drill hole 60 returning 472 meters, grading 0.41 % copper equivalent from a depth of 49 meters. That also was 105.8 meters and the grading 0.7 % copper equivalent. Assays are still pending on the final 142 meters of the hole. Additionally, infill and shallow RC holes extended near surface mineralization with 182 meters at 0.5 % copper equivalent and 272 meters at 0.4%.

5:11Hot Chile has added a fourth rig to accelerate drilling toward a maiden mineral resource estimate for La Verde later this year. They trade on the Venture Exchange with HCH and on the OTCQX with HHLKF. talusker resources has reported the successful loading and departure of its first direct ore shipment from the braylorne gold project in british columbia to taiwan 10 944 wet metric tons of weighted average grade with a weighted average grade of 8.71 grams per ton gold are now in transit and expected to arrive around september 15th marking the formal commencement of talusker's direct shipping or strategy for the project.

5:57The company is already accumulating material for the second shipment with 7 ,100 tons of stockpile at the Lillouette crushing facility. The next marine vessel is expected to depart late October or early November. Talisker Resources trades on the TS-X as TSK and on the OTCQX with TSKFF. Ivanhoe Electric has received a preliminary project letter from the U.S. Export-Import Bank indicating up to$1.1 billion in potential debt financing for the Santa Cruz Copper Project in Arizona. This is an upgrade from the$825 million letter of interest issued in April of last year. The preliminary project letter is not a binding commitment, with XM's final board consideration expected in the spring of 2027.

6:50Ivanhoe Electric is targeting the release of an updated pre-feasibility study for Santa Cruz this September. It trades on the TSX and the NYSE American, both under the symbol IE. Silver Bow Mining has signed a definitive agreement to acquire the Jefferson County Metallurgical Complex in Montana through a bankruptcy sale for roughly$28.6 million in cash payments to creditors plus contingent value rights. The acquisition is strategically important because the 1 ,000 ton per day circuit is expected to be suitable for processing the high-grade mineralization from Silver Bow's Rainbow Block project in nearby Butte, which hosts an inferred resource of 11.5 million tons, grading 14.8 ounces per ton silver equivalent totaling 170 million silver equivalent ounces silver bow mining trades on the nyc american with sbmt enduro metals has completed its inaugural 2700 meter drill program at the andre copper gold porphyry target at the newmont lake project in the golden triangle of british columbia with drill core hole logging identifying two distinct mineralizing systems across the four kilometer combined geophysical anomaly that included porphyry style alteration and quartz sulfide vanning in one hole interpreted as the peripheral expression of a porphyry system and low sulfidation epithermal style vanning at the northeast anomaly assay results are pending with the program having tested a geo chem and geophysical target that sits within a larger 14 kilometer magnetic high trend.

8:35Enduro Metals trades on the venture exchange with ENDR and on the OTC with ENDMF. And Goldheart Copper announced results from their first comprehensive geochemical soil survey at the Nessa complex in Chile. The company says the survey successfully identified multiple zones of anomalous gold, copper, and silver, as well as associated pathfinder elements. The Goldhart technical team is now integrating all these anomalies together with other geological observations in order to build a comprehensive interpretation. The element associations observed to date are compatible with polymetallic epithermal style mineralization.

9:17Goldhart copper trades on the TSXV with HART. All right, lots of news out this morning, but that's a wrap here on the morning briefing. The morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and at clearcommodity.net. Have a wonderful day, everybody. Be well. The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.