Morning Briefing: Blue Moon Metals, The Elmet Group and EQ Resources Announce a US$150 to $175M Investment into the Springer Tungsten Complex

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. Hey, good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. Happy Monday to you. It's Monday, September 14th, one week until the Beaver Creek Precious Metals Summit. But for now, gold is under pressure this morning, down 1.4 % to$4 ,290 an ounce. Silver's off harder, down over 2 % to$62.89. Copper's also lower, off almost 2 % to$6.35 a pound.

0:46On the energy side, Brent crude. It is surging again, up over 3.5 % at$1.08 a barrel. That move in crude is the story behind the move in metals. Brent is up more than 15 % this month after the Houthis sees strategic islands near the Bab al-Mandeb and Saudi Arabia shut its east-wise pipeline following drone attacks. Ordinarily, that is a gold bid, but instead gold is falling because the oil shock is feeding into an inflation picture that already surprised to the upside. Friday's CPI showed headline inflation accelerating to 0.4 % month over month, with core at 0.3%. And the market now prices an 86 % chance the Fed raises rates on Wednesday.

1:33That's up from 59 % a week ago. That would be the first hike in more than three years. Meanwhile, up in Canada, Prime Minister Mark Carney opens the Canada Investment Summit today, alongside CPP Investments and PSP Investments, arriving with a 66-page pitch book aimed at attracting$1 trillion Canadian dollars of investment over five years. Of the 167 opportunities at that book, 63 are mining and metals projects. Named projects include Lithium Bank's Broadwalk, Critical Elements Rose Lithium Tantalum Project, Canna Gold's New Polaris, FPX Nickel's Baptiste, and Serge Copper's Berg. We'll get to the news out of the miners and explorers here in just a minute, but first a quick mention of today's sponsor.

2:26Today's morning briefing is brought to you by Integra Resources. Integra is a growing precious metals producer in the Great Basin of the Western United States. They're focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine in Nevada. In addition, Integra is committed to advancing its flagship development stage heat bleach projects. That includes the past producing Delamar project in Idaho and the Nevada North project in Western Nevada. Learn more about the business and their high industry standards over at IntegraResources.com.

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3:36And here's what you need to know this morning. Blue Moon Metals, the LMET Group, and EQ Resources have announced a U.S. $150 to$175 million investment into the Springer Tungsten Complex in Nevada. It's structured as a$50 million tungsten prepayment facility, a$25 million equity subscription into Blue Moon, and a$75 million injection into the ammonium paratungstate plant joint venture that leaves LMET holding 70%, Blue Moon 20%, and EQ Resources 10%, with Blue Moon retaining the mine and mill. The deal is backed by a$450 million U.S. Department of War commitment to LMET, of which$150 million is earmarked here.

4:24And Springer, historically one of the largest tungsten mines in the United States, comes with a 1 ,200 ton per day mill, an APT plant capable of 4 ,000 tons per year, and a historical unverified resource of 10.5 million tons at 0.45 % tungsten trioxide. Nevada approved bonding requirements last month. The NEPA review is complete and the mine and mill are expected back in production in the fourth quarter of 2027, with the APT plant restarting in the second half of 2028. Blue Moon Metals trades on the Venture Exchange with M-O-O-N and on the NASDAQ with B-M-M. The LMET Group trades on the NASDAQ with ELMT, and EQ Resources trades on the ASX with EQR.

5:12Franco Nevada has announced a second financing package with Minerals 260 for the Bulla Bulling Gold Project in Western Australia, committing in Australia$170 million for an additional 1.45 % gross royalty and$30 million as a cornerstone equity investment. That's all for$200 million Australian on top of the$220 million package that it put together back in February. The transaction lifts Franklin, Nevada's total royalty to 3.9 % gross, stepping down to 2.75 after 6 billion ounces of production, and expands the area of interest from 2.5 kilometers to 10 kilometers from the historical tenure boundary.

5:55Bullet Boeing sits 65 kilometers from Kalgoorlie and hosts 4.4 million indicated ounces and 1.7 million inferred, with a first stage contemplating 150 ,000 ounces a year over 10 years and first production targeted for the second half of 2028. Brankham, Nevada trades on the TSX and the NYSE with FNV. Guardian Metals Resources has reported drilling that supports resource growth at its pilot Mountain Tungsten project in Nevada, led by the newly discovered Tremor Zone, with a blind scarring body now confirmed, over roughly 200 meters of strike, where hole 88 returned 64 meters of 0.2 % tungsten trioxide, including 14.2 meters of 0.34%.

6:42The company also drilled the previously untested Good Hope target for the first time, that hole returned 12.95 meters of 0.79 % tungsten trioxide from surface, located just over a kilometer from the existing Desert Sheelite and Garnet resources. Both zones sit outside the recently completed pre-feasibility study, making them additive, and CEO Oliver Friesen said the results reinforce the potential to expand mineralization beyond the resources underpinning the study. Guardian Metals Resources trades on the NYC American as GMTL. Hercules Metals has identified evidence for a new porphyry center at its hook target, about 3 kilometers east of the Leviathan copper system near Cambridge, Idaho, where a 1.8-kilometer chargeability anomaly with a 500-meter high-strength core is modeled to begin within roughly 100 meters of surface.

7:43Reconnaissance hole 3 cut intense philic alteration and distal scarn mineralization with 5-10 % pyrite, consistent with the halo around Leviathan and consistent with drilling the margin of a system rather than its center. Assays remain pending, and the company is permitting access roads and pads to test the core of the anomaly directly, with follow-up drilling targeted next year. Hercules Metals trades on the Venture Exchange with BIG and on the OTCQB with BADEF. Just a side note, we did do a long-form interview with now new CEO of Hercules Metals, Mr. George Ogilvie. You can find that on the podcast that was released Friday.

8:27Talisker Resources has provided a 2026 operational update from the Braylorne Gold Project in British Columbia and reporting 4 ,800 ounces of gold produced from 19 ,000 tons mined through August 31st at an average mining grade of 7.99 grams per ton. The company completed over 2 ,200 meters of underground development, advanced the lower Mustang, declined 329 meters to open three new mining levels, completed 26 ,500 meters of resource conversion drilling, and has invested$13.4 million in capital infrastructure this year. A PEA is targeted for early in the fourth quarter. The next marine shipment is expected in late October or early November.

9:13And the company hosts a webinar later this week. Dallas Geo Resources trades on the TSX with the symbol TSK and on the OTCQB with TSKFF. And finally, Institutional Shareholder Services has recommended shareholders of TNR Gold vote for the dissident nominees put forward by Eucalyptus Resources ahead of the company's annual meeting on September 22nd, finding that the largest shareholder, quote, has presented a compelling case for change, end quote, and that the board has a concerning track record of disenfranchising shareholders. ISS flagged a$320 ,000 cash bonus to CEO and Chair Kirill Klip, determined by years of service rather than performance.

10:04The appointment of the CEO's son as Director and VP of Corporate Development and the combined CEO and Chair roles, while recommending shareholders support nominees, Sandra Bates, Dushin Petkovic. which Eucalyptus says approximately 43 % of shares have already voted for its nominees. TNR Gold trades on the Venture Exchange with TNR and on the OTC markets with TRRXF. All right, that's a wrap here this morning on the Morning Briefing. The Money Stock Data Morning Briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and over at clearcommodity.net.

10:46Have 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.