Morning Briefing: Boliden Acquires Controlling Stake in Nexa Resources

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. Good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It's Thursday, August 27th, and new Fed Chair Kevin Warsh takes the stage at Jackson Hole tomorrow for his first address in that role at Jackson Hole. But in the meantime, copper is pulling back from this week's records, and we've got the billion dollar deal in the zinc space to kick things off.

0:43Gold is edging higher by a tad, but mostly flat, to$4 ,595 an ounce, steady after a big run. Silver's also in the green this morning, up about three tenths to$68.34. for copper is giving back more of this week's gains off a half a percent to six dollars fifty six cents a pound it set another record in new york early yesterday morning and then gave it all back reports out of london suggesting the squeeze on that exchange was beginning to ease it was triggered by profit taking and the metal retreated from those highs but the structural picture is largely unchanged u.s tariff threats have been pulling physical metal into american warehouses at pace, keeping supplies tight everywhere outside of the U.S.

1:32And the market is still waiting on Washington's final tariff decision to determine whether the disruption deepens or starts to unwind. We'll get to the news out of the miners and explorers here in just a moment, but first a quick mention of today's sponsor. Today's episode of the Morning Briefing is brought to you by Revival Gold. Revival Gold is one of the largest pure gold mine developers in the United States, advancing two high-quality gold projects, the Baritrack Arnett Project in Idaho and the Merker Gold Project in Utah. Revival Gold trades on the Venture Exchange with the symbol RVG and on the OTCQX with RVLGF.

2:12Learn more at revival-gold.com. Hi, I'm Rory Johnston, host of the Oil Ground Up podcast. I'm also the founder of Commodity Context and have been an oil market analyst for more than a decade. What I love about the oil industry is that it is both unquestionably essential to our modern life and the supply, demand and pricing of this indispensable product is driven by an ever-changing cornucopia of geological, geopolitical, and technological developments. Listen as I speak with experts across the industry to explore everything you've always wanted to know about what's moving the market for black gold.

2:56Find the Oil Ground Up podcast on Apple Podcasts, Spotify, and at clearcommodity.net. Brought to you by the Clear Commodity Network, digital news on the physical markets.

3:14And here's what you need to know today. The biggest mining M &A story of the morning is Swedish metals giant Boliden has struck a deal to acquire Boderandum's controlling stake in Nexa Resources for approximately$1.31 billion at$15.29 per share. And it represents a 14.2 % premium to Nexa's 20-day volume weighted average price. Botarantum will receive 21.4 million newly issued Beledin shares, representing roughly 7 % of Beledin. Nexa is one of the world's leading zinc producers, operating five polymetallic mines and three smelters across Brazil and Peru. Nexa Resources trades on the NYSC and as NEXA.

4:01copper giant resources has released assay results from two holes at the macoa copper molybdenum porphyry project in putamayo columbia hole 70 returned 771 meters of continuous mineralization at 0.51 copper equivalent and included 102 meters of 0.87 copper equivalent in there from 396 meters. Hole 68 intersected near surface as near surface zone of 157 meters a 0.69 percent copper equivalent plus a deeper interval of 154 meters at 0.54 percent copper equivalent that was below the depth reached by historic vertical drilling and carrying better greater depth as the alteration moves towards the potassic core of the system.

4:51Copper Giant says all Workstreams for a preliminary economic assessment remain on track for Q4 of this year. Copper Giant Resources trades on the venture exchanged with CGNT and on the OTCQB with LBCMF. Nine Mile Meadows has reported results from Hole 10 at the Wedge Mine at the Bathurst Miney Camp in New Brunswick. The hole intersected 31.95 meters of massive sulfide VMS zones at 2.52 % copper equivalent from a depth of 109 meters. In there also included 14.15 meters of 3.73 % copper equivalent and a high-grade core of just over 4 meters of 5.16 % with silver, gold, lead, and zinc values increasing with depth demonstrating the multi-metal character of the deposit.

5:46The company says the hole strengthens its view of the deposit's economic viability, and the 3D model continues to be refined toward a future mineral resource estimate. Nine Mile Metals trades on the CSE with the symbol NINE, and on the OTC ID with VMSXF. Heliostar Metals has commenced open pit mining at the Veda Madre Pit at its La Colorado mine in Sonora, Mexico, marking what the company calls a critical step in its plan to secure cash flow through 2027 and 2028 to support construction of its flagship and apolla project in guerrero the veda madre pit hosts 48 000 ounces at 0.71 grams per ton with law colorado's broader reserve of 376 000 ounces and helio star has designed an expanded pit targeting an additional 20 000 ounces beyond the current reserve.

6:42EOS Star Metals trades on the Venture Exchange with the symbol HSTR, and on the OTCQX with HSTXF. American Eagle Gold has closed its option agreement with Eagle Plains Resources, expanding the NAC Copper Gold Porphyry Project in BC from approximately 1 ,600 hectares to just over 9 ,000 hectares, and that's roughly a 470 % increase, with the option claims lying a long trend within four and a half kilometers of the NAC deposit. American Eagle Gold trades on the TSX Venture Exchange with the symbol AE and on the OTCQB with AMEGF. I might state that we did touch base with CEO Anthony Moreau yesterday on the podcast, so I'd maybe refer back to that discussion for a little bit more reference and context.

7:33Kendra Lynn Minerals and Target Exploration have commenced the Phase II diamond drill program at the Openaka Project in James Bay region of Quebec. It's an almost$4 million up to 4 ,400 meter campaign designed to test the lateral continuity and scale of the intrusion-hosted gold system discovered in the Maiden drill program in Q4 of last year. It's all over a 4 kilometer target area. The whole fences are spaced by a half to one kilometer apart and the 85 ,000 hectare property is 100 % owned by Targa, Kennerland operates and holds a 3 % net smelter return royalty. Drilling is expected to conclude in early September.

8:17And a late entrant, Mithril Silver and Gold, has reported wide high-grade drill results from the Copalquin-Zaragoza structure at Target 4 on its district-scale Copalquin property in Durango, Mexico. Hole 1 returned 11.7 meters at 456 grams per ton silver equivalent from a depth of 22 meters and included 3.4 meters of just over 1 ,200 grams per ton silver equivalent and a peak 0.6 meters of 3 ,877 grams per ton silver equivalent. Hole 2 returned 13.95 meters of 387 grams per ton, silver equivalent, and had a one meter interval in there of 1 ,747 grams per ton. The results confirmed mineralization over 550 meters of strike length and within a structure interpreted to have a potential total strike of one and a half kilometers.

9:14It's open a long strike in that depth. Mithril silver and gold trades on the venture exchange with MSG, on the ASX as MTH, and on the OTCQB with MTIRF. All right, that's a wrap here this morning on the morning briefing. It is produced by Clear Commodity Network. It is also 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.

9:55Please do your own research or speak with a licensed financial representative before making any investment decisions.