Morning Briefing: Metals Jump, Selkirk Copper Grows MRE

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing.

0:3064 % and 1.41 % respectively. Strong earnings, notably Microsoft, posting a record$90 billion in quarterly revenue gave markets a boost. However, the industrial sector saw a significant drop, plunging 3.24 % due to weak sector earnings, guidance cuts, and macroeconomic pressures. Metals are having a good day. Gold is up 1 % to$4 ,138. Copper futures are up 2.28 % at$6.46 and oil is down 1.3 % to$83.86. This episode of Mining Stock Daily is brought to you by Revival Gold.

1:15Revival Gold is one of the largest pure gold mine developer operating in the United States. The company's advancing its Mercur Gold Project in Utah and mine permitting preparations and ongoing expiration at the Bear Track Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker RVG and trades on the OTCQX market under the ticker symbol RVLGF. Learn more about the company at revival-gold.com. And here is what you need to know today. Sulker Gold released an updated 2026 mineral resource estimate showing 182 % increase in measured and indicated copper and 184 % increase in the MNI gold compared to the 2025 estimate.

2:03The new MRE establishes a 47.8 million tons at 0.89 % copper, 0.34 grams per ton gold, and 3.2 grams per ton silver, representing a 280 % increase in the measured and indicated tonnage. NGEX Minerals reported final asset results from four phase four drill holes at his 100 % own copper gold silver project in San Juan, Argentina. Highlight intercepts include 546.3 meters at 1.19 % copper equivalent and 20.5 meters at 17.83 % copper equivalent, showing both exceptional width and bonanza grade zones within the same system. Roe Gold announced that its Old Creek project in Reefton Goldfields, New Zealand, has qualified for referral under the country's Fast Track Approvals Act 2024, which offers a six-month approval process.

3:081911 Gold released assay results from 30 drill holes at its True North Project in Manitoba, confirming extensions of gold mineralizations at the SAM, SE, and Shore targets and identifying a new zone called the Baker target. Standard intercepts include 15.89 grams per ton gold over 2.7 meters at SAM, SE, 5.99 grams per ton gold over 4.9 meters at Shore, and 36.44 grams per ton gold over 1.1 meter at Baker. 1911 Gold also closed a$35.65 million bot deal financing on July 29th, led by Haywood Securities. Elemental Royalty Corporation, which sold an uncapped 2 % NSR royalty on Capricorn Metals' Coanda Gold project, noted Capricorn's report of a 32 % increase in the probable mineral reserve to 76.4 million tons.

4:10The reserve increase supports an extended roughly 10-year mine life and an expanded processing capacity of about 6.5 million tons per annum. Dryden Gold announced the discovery of two new gold-bearing structures at its Gold Rock Project Ontario, Ellora 2, a high-grade zone between Ellora and Big Master systems with no surface expressions, and Paymaster, a new intercept adjacent to the regional Manitou deformation zone. Since 2023, drilling has expanded mineralized footprint from the three structures and two high-grade zones to over 15 structures and a dozen high-grade zones, with Paymaster extending straight length around 500 to 750 meters.

4:54Meridian Mining announced laboratory-scale smelting and converting tests as Kingston Process Metallurgy turned Casabelle copper concentrate into high quality blister copper grading at 98.9 % copper, 95.2 grams per ton gold, and 387.6 grams per ton silver with impurity levels better than the typical industry anode copper. The results confirm that Casabelle's copper gold silver concentrates from the project of Mato Grosso Brazil convert efficiently into premium blister copper under commercially representative smelting conditions. Revival Gold closed the sale of its 51 % interest in the Nuncorn Diamond Mountain Phosphate Project to Canadian Phosphate Limited, receiving an initial$127 ,500 cash payment plus 3.108 Canadian phosphate shares.

5:53The deal alongside a similar sale of the Utah Mineral Resources 49 % stake lets revival gold monetize and none core asset while focusing on the development of its Mercure Gold Project in Utah and Bear Tracker Net Gold Project in Idaho. Surge Copper has filed its NI-43-101 technical report for Berg's Copper Project Pre-Feasibility Study prepared by Asenco Engineering Canada. To demean a silver's first modern exploration campaign at its Peru project confirmed high-grade molybdenum mineralization with underground and surface sampling returning up to 8.29 % molybdenum. identifying multiple previously undetected quartz molybdenite veins across its projects and targets.

6:44The results support the company's interpretation of a district-scale quartz molybdenite vein system. 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 Clear Commodity Network. That's it today, everyone. Have a great day. Stay safe.