Morning Briefing: GDXJ Highlights Major Rebalancing in Holdings

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 is Tuesday, September 15th. Gold's trading slightly lower once again this morning, off a third of a percent to$4 ,284 an ounce. Silver is essentially flat, up a fraction to$63.29 Copper is holding steady as well, adding a one-tenth of a percent to$6.34 On the energy side, Brent crude continues to push higher It's up about two-tenths to$1.05 a barrel and sitting comfortably at that mark The story in the macro this morning is what is happening in the bond market The 10-year Treasury yield traded above 5 % earlier this morning and sits at that level now, and a close above that mark would be the first time since July 2007.

1:11Markets are bracing for a Federal Reserve rate decision tomorrow, with continued anticipation of another hike, keeping consistent upward pressure on yields. In a noteworthy development for junior mining investors, the GDXJ ETF added 44 new companies to its holdings last week as part of a significant rebalancing that broadens its reach into smaller cap names. Several MSD-covered companies made that list, including Elemental Royalty, Collective Mining, Meridian Mining, Mining Americas, and HelioStar Metals. we'll get to the news out of the miners and explorers in just a moment but first a quick mention about today's sponsor today's morning briefing is brought to you by visla silver visla silver is a silver focused developer advancing the panuco silver gold project in sinaloa mexico it's a historically productive district the company has assembled into one of the highest grade undeveloped silver assets in the world panuco sits in a major silver belt with outstanding infrastructure, and Vizla is moving the project through advanced engineering studies towards a development decision.

2:24Vizla Silver trades on the Venture Exchange and the NYSE American, both under the symbol VZLA. 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.

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3:28And here's what you need to know this morning. Collective mining is back. they've intersected broad zones of high-grade gold equivalent mineralization within the areas previously modeled as waste inside the Apollo Mineral Resource open pit shell at its Guayabalas project in Colombia. It was highlighted with 135 meters of 2.12 grams per ton gold equivalent from a depth of 21.3 meters in the shallow halo zone. The results are entirely additive to the maiden Apollo Mineral Resource released last week, meaning the material of the resource model excluded as waste is now returning economic grade intercepts that have the potential to improve the deposit economics.

4:11Collective mining trades on the TSX and the NASDAQ, both under the symbol CNL. C3 Metals has released first drill results from the Khaleesi Porphyry copper gold target in Peru, returning 119.5 meters of 0.3 % copper equivalent from 48 meters depth, and 164.5 meters of 0.35 % copper equivalent from 280 meters depth in the same hole, with mineralization confirmed to 500 meters depth. It's open in multiple directions and grade comparable to the nearby Hudbay Constantia mine. A 3DIP geophysical survey commences before month end to define the next drill targets. C3 Metals trades on the venture exchange with CCCM and on the OTCQB as CUAUF.

5:05Thor Explorations has reported maiden drill results from the Marahui Gold Project in Cote d 'Ivoire, with highlights including 6 meters of 6.2 grams per ton gold from 74 meters and 9 meters of 5.4 grams per ton from 40 meters. It's all within a 4 kilometer shear corridor with only about 30 percent of the geological trend tested and results pending from the bulk of a 25 ,000 meter program. Thor Explorations trades on the Venture Exchange and on London's AIM market, both under the symbol THX. Aditon Resources has reported 167 meters of 1.14 grams per ton gold equivalent from surface at the Kabang Gold Copper Deposit on Fenni Island in Papua New Guinea.

5:57That included 57 meters of just over 2 grams per ton gold equivalent, with results extending identified strike to 2 kilometers and a mining license expected in October at the separate Wapaloo deposit targeting commercial production by Q4 of 2027. Additon Resources trades on the Venture Exchange with ADY and on the OTCQB with ADYRF. Gladiator Metals has released its standout result from the Cub East Target at the White Horse Copper Project in Yukon with hole 45 returning 21.2 meters of 3.07 percent copper, 1.19 grams per ton gold, and 24.65 grams per ton silver from a depth of 183 meters. It's confirming high-grade continuity over 350 meters of strike within a program now expanded to 50 ,000 meters in five rigs.

6:56Most step out drilling 600 meters to the southeast, already hitting SCARN and assays pending. Gladiator Metals trades on the Venture Exchange with GLAD and on the OTCQX with GDTRF. NGEX Minerals has released preliminary metallurgical results from the Lunawasi Copper Gold Deposit in San Juan Province, Argentina, showing copper recoveries of 92 to 94.2 percent and gold recoveries of up to 87.1 percent across composites grading up to over four percent copper and 5.38 grams per ton gold with a secondary arsenic removal step achieving 95 reduction and producing final concentrate grades of 23.4 to 39.4 % copper from a simple flow sheet without cleaning stages.

7:51NGEX Minerals is a London Group company and trades on the TSX as NGEX and on the OTCQX as NGXXF. Yukon Metals has completed an induced polarization survey at its Birch Project in western Yukon, identifying a new chargeability anomaly approximately 2 kilometers south of the known SCARN mineralization that coincides with an intrusive body, a magnetic high, elevated molybdenum in soil, and surface samples of up to 16 grams per ton gold, 1 ,825 grams per ton silver, and 0.43 % copper. One hole from the current 2026 program has already tested the new IP target with assays pending, and a northern anomaly confirmed across multiple lines has also been drill tested with those results outstanding.

8:43Yukon Metals trades on the CSE with YMC and on the OTCQB with YMMCF. And Elemental Royalty has completed its acquisition of Vesla Royalties adding a 2-3.5 % net smell to return royalty on the Panuco Silver Gold Project in Mexico to its growing portfolio. It's bringing direct exposure to one of the highest grade undeveloped silver districts in the world. The deal closed one day after Elemental was added to that GDXJ index and reflects the company's expanding scale as it builds a diversified royalty platform with meaningful near-term production leverage. Elemental Royalties trades on the TSX and the NASDAQ, both with the symbol ELE.

9:28Alright, that's a wrap on the morning briefing. 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. Please do your own research or speak with a licensed financial representative before making any investment decisions.