Morning Briefing: Franco-Nevada Acquire Stake in Kenorland Minerals

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. It is Tuesday, October 6th. Gold and silver are both higher this morning, with gold up about 0.9 % to$4 ,178 an ounce. Silver's up just under a percent to$6 ,155. both kind of trading in a continued range. Copper is also nudging higher, up about a quarter of a percent to$6.60 a pound.

0:44There's a big macro story out of South America. First round results from Brazil's presidential election over the weekend showed former President Jair Bolsonaro taking a stronger lead over Luis Inacio Lula da Silva, more so than polls had anticipated, sending Brazilian equities and the real higher yesterday. The results matter to mining investors because Brazil is the world's largest exporter of iron ore, a top five producer of copper, nickel, and bauxite, and home to significant gold production across the Amazon basin. A Bolsonaro victory in the second round would likely be seen by markets as a shift towards less regulatory friction for resource extraction.

1:29that's an outcome the sector has been watching closely. One factor keeping copper's gains modest today, Chinese markets remain closed for the national day of golden week holiday and will not reopen until Thursday. The absence of the world's largest copper consumer from the market tends to thin volume and dampen price discovery. Traders will be watching closely when Chinese buying resumes to see whether pent-up demand translates into a move higher in the base metals complex. 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.

2:06This morning briefing is brought to you by Vizsla Silver. Vizsla is advancing the 100 % owned Panuco silver gold project in Silo, Mexico. It's one of the world's highest grade undeveloped silver projects. It hosted a November 2025 feasibility study confirming an after-tax NPV of$1.8 billion, dollars a 111 % IRR and initial capital of 173 million dollars thus with an average annual production of 17.4 million silver equivalent ounces over an initial mine life of 9.4 years with an all-insustaining cost of 10.5 dollars per ounce. Visa silver trades on the Toronto Stock Exchange and the NYSE, both under the symbol VZLA.

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3:37And here's what you need to know this morning. Franco, Nevada, one of the world's largest gold Focus Royalty Companies has acquired 10 million shares of Kennerland Minerals for$22.2 million and taking a 12.42 % stake through a private purchase from co-founder John Tognetti and CEO Zach Flood. Kennerland is a prospect generator that holds a 4 % net smelter return royalty on the Fretet Project in Quebec, where Sumitomo's Renault Gold System hosts an inferred resource of 2.5 million ounces at 4.5 grams per ton. Candleland Minerals trades on the Venture Exchange with KLD and on the OTCQX with KLDCF.

4:24Brixton Metals has released results from 28 holes at its longest silver project in the Cobalt Mining Camp of Northern Ontario with a headline hole returning 23.5 meters of 348 grams per ton silver and included 4 meters of 1 ,975 grams per ton and 2 meters of 3 ,386 grams per ton from visible native silver. A second highlight hole returned 6.5 meters of 667 grams per ton silver and included 1 meter of 3 ,570 grams per ton. The company has added a third drill rig and is targeting 9 ,000 meters per month toward a mated mineral resource estimate. Brixton Metals trades on the Venture Exchange with BBB and on the OTCQX with BBBXF.

5:171911 Gold has reported resource expansion drill results from the True North Mine in the Bisset Gold Camp in eastern Manitoba, reported intersecting 7.5 grams per ton gold over 5 meters at the 710 and 711 zone. That included 32.9 grams per ton over a half meter and up to 21.2 grams per ton over 0.6 meters at the 007 zone. 1911 Gold trades on the Venture Exchange with AUMB. Nucor Gold has reported additional RC drill results from the Boyne Gold Deposit at its ANCHI project in Ghana with hole 407 returning 41 meters of 1.16 grams per ton gold from 2 meters depth and included 13 meters of 2.5 grams per ton.

6:08Two additional holes return 59 meters and 55 meters of gold mineralization outside the current reserve pit, highlighting reserve growth potential at a deposit where 40 % of the golden soil anomaly remains undrilled. Nucor Gold trades on the Venture Exchange with NCAU and on the OTCQX with NCAUF. Intrepid Metals has outlined a new carbonate replacement deposit copper gold target called CATE at its Corral Copper Project in Arizona. It's located 1.5 kilometers south-southwest of the Ringo Zone. Historical drilling at Cate returned 27.43 meters of 0.65 % copper and 0.98 grams per ton gold, including one and a half meters in there of 3.2 % copper and 4.8 grams per ton gold.

7:00And drilling with drilling of the target planned for the coming weeks. Tech Resources is an equity stakeholder in Intrepid. They trade on the Venture Exchange with INTR and on the OTCQB with IMTCF. American Pacific Mining has announced a downhole geophysical and structural survey program at its Madison Copper Gold Project in Montana. It's designed to define the geometry of the massive sulfide zone intersected in hole two last month, which returned 30.8 meters of 7.4 grams per tonne gold and 0.29 % copper. It also included 7.9 meters of 25.3 grams per tonne gold. The surveys will establish the dip and orientation of the sulfide body to guide step-out drill holes targeting the open southwestern extension.

7:52American Pacific Mining trades on the CSE with the symbol USGD and on the OTCQX as USGDF. Blue Moon Metals has reported the second highest grade tungsten assay in the history of the Springer mine in Nevada through its ongoing historical core re-logging campaign, with Drill Hole 30 returning 0.3 meters of 7.82 % tungsten trioxide from 183.5 meters depth. That's a sample from the 1977 hole that was never assayed until the current team identified it this year. Springer is backed by$150 million to$175 million investment commitment from the LMET Group and EQ Resources announced in September, and major shareholders include Tech, Oak Tree, and Wheaton Precious Metals.

8:45Blue Moon Metals trades on the Venture Exchange with M-O-O-N and on the NASDAQ capital market with B-M-M. And District Metals has commenced diamond drilling at the Viken property in Jamlot County, Sweden, targeting two large mobile MT conductive anomalies that are stronger and more extensive than the signature of the Viken deposit itself. The Beacon deposit contains the world's largest undeveloped uranium mining resource along with significant vanadium, potash, molybdenum, nickel, copper, and zinc. And the July 2026 preliminary economic assessment outlined an after-tax NPV of$2.8 billion at an IRR of 45.9%.

9:32District Metals trades on the Venture Exchange with DMX and on the OTCQX with DMXCF. All right, that's a wrap here this morning on the morning briefing. A lot of news out today. The 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 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.

10:09Please do your own research or speak with a licensed financial representative before making any investment decisions.