Morning Briefing: Copper Maintains Momentum, Ivanhoe Electric

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 and welcome back to Mining Stock Daily Morning Briefing. I am Michael McRae filling in for Trevor Hall. It is Wednesday, September 23rd. United States stock futures remain relatively flat, too slightly positive, dropping oil prices have been a positive, while the hawkish stance by the Fed is tempering stock gains. Copper is having a good September, the metals hovering around$6.73 per pound.

0:42It recently extended a multi-session rally, gaining roughly 2-3 % over the past month, and remaining up more than 40 % year over year. Last week, the U.S. Metals News reported that Chile, the world's dominant producer, had its weakest second quarter output in at least 19 years and full-year production forecast is cut for a second consecutive quarter. Tariffs have also helped push the metal higher. Gold is red again, down 0.78 % today to 4 ,342. The metal is off 7 % for the month. We will get to the news from the miners and explorers in a moment, but first, a mention of today's sponsor. Today's episode of Mining Stock Daily is brought to you by Equinox Gold.

1:35Equinox Gold is a growth-focused gold producer operating mines across the Americas with cornerstone assets like Greenstone Mine in Ontario and Valentine Gold Project in Newfoundland and Labrador. Equinox is advancing a new generation of large-scale long-life gold operations. Learn more about their portfolio and development pipeline at equinoxgold.com. Here's what you need to know today. Ivanhoe's Electric 2026 Preliminary Feasibility Study for its 100 % Own Santa Cruz Copper Project in Arizona outlines a high-grade underground mine with heat bleach processing to produce copper cathode without smelting.

2:13with initial capital of$1.43 billion, a 1.08 % life of mine grade, C1 costs of$1.47, all in sustaining costs of$2.28 per pound, and an average output of about 75 ,000 tons a year over a first 15 years, with first cathode targeted for 2029. The headline after-tax MPV of$3.5 billion and a 30 % IRR rests on a spot copper price of$6.79 per pound, while the study's own$4.75 base case cuts those figures to an MPV of$1.5 billion, a 19 % IRR, and a 4.8-year payback. Integra Resources reported new near-mine drill results from its producing Florida Canyon Mine in Nevada, building on the 74 % mineral reserve increase in its July 2026 technical report and 30 ,140 meters of RC drilling completed so far this year.

3:25The strongest intercepts came from the inter-pit saddle between central and radio tower pits, including 1.30 grams per ton gold over 62.5 meters and 0.59 grams per ton over 167.6 meters, while the newly accessible Madre Shira North target beneath the North Dump returned 0.48 grams per ton gold over 54.9 meters. CEO George Salamis called these some of the best intercepts since Integra acquired the mine and the company planned 7 ,000 meters of drilling at the Standard Mine area, eight kilometers south to test targets outside the current footprint. Drieden Gold's hole DGR-058 at Gold Rock in Ontario returns 7.88 grams per ton gold over 12.7 meters at about 65 meters true depth, including 46.05 grams per ton over 1.9 meters, which the company says confirms high grade continuity.

4:24over 350 meters a strike at its allura structure between Jubilee and Pearl zones. Through intervals are core lengths with unknown true widths and uncut assays, and the 1.9 meter high-grade core accounts for most of the holes, roughly 100 gram meters. Sio Treywasser said that the near-surface continuity and downplunge successes, including 1.35 grams per ton over 12 meters at about 300 meters depth on a BM1 structure now allows the company to begin evaluating open pit potential at a system that has grown from three mineralized structures to 15 over the 2025-2026 drill programs. Tocfin Ventures reported that whole JES-26-175 and his El Mesquite trend on its Grand Pillar project and Sonora returned 160.8 meters of 0.5 grams per ton gold and 3.5 grams per ton silver within a broader 271.5 meter envelope of 0.26 grams per ton gold starting at 1.5 down hole and 130 meters north of the August Discovery Hole.

5:38It is the third significant hole along corridor now traced for roughly 1 ,400 meters and open along strike and depth is sitting at 1.6 to 1.9 kilometers east of the company's permitted 50 ,000 ton heat bleach pilot facility with true widths estimated at 60 to 80 percent of the drilled widths. Brixton Metals assigned an option to acquire 100 percent of the 1 ,460 hectare silver grooving silver poly metallic property in Sweden's Barracksland District from an arm's length vendor at McKnight Resources, a historical mining area dating from the 1600s that the company compares geologically to Boliden's Grasberg mine, where silver made up 47 % of 2025 revenue.

6:22Bricks can earn the property over three years by issuing 1.5 million in shares, priced at low less than 50 cents and spending 3.3 million on exploration, after which McKnight retains a 2 % NSR. Vizla Copper has staked 25 ,274 hectare Miller Copper Gold Porphyry Project, about 140 kilometers north of Prince George, a 100 % owned royalty-free land package, contiguous Centera's Golds producing Mount Milligan Mine. The road-accessible ground includes Fred RFP and Lake Targets on its eastern block, where Mount Milgan's main transmission line and access road cross near the high-priority targets. And lastly, Talisker Resources began trading today on the OTCQX Best Market under the symbol TSKFF, moving up from the OTCQB.

7:22The Mining Stock Daily Morning Briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and at Clear Commodity Network. That's it today, everyone. Have a great day. Stay safe. 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.