Morning Briefing: Morning Briefing: Gold and Silver Slide as Oil Surges; Canagold and Minaurum Report High-Grade Drill Results

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 the Mining Stock Daily Morning Briefing. I am your host again for the day, Ian Wagner, filling in for Trevor Hall. Today is Thursday, October 22nd, and the precious metals are taking it on the chin. Gold is down more than 1 % to$4 ,090 at the time a market opened on a futures basis. Silver is down more than$2 or 3 % to$55.60 an ounce.

0:46Attacks in the Strait of Hormuz have sent the price of Brent oil to more than$112, the highest price in more than four months. U.S. jobless claims fell to$194 ,000, signaling a resilient labor market. Markets do expect the Federal Reserve to pause next week, but see another rate increase as likely in December. Higher oil prices and interest rate expectations outweighed Goal's safe haven appeal. At BHP's annual meeting, Chair Ross McEwen urged Australia to compete harder for mining investment, pointing to Canadian tax incentives that let companies deduct eligible capital spending and mine development costs immediately.

1:29He said those policies improve returns and encourage investment. McEwen also declined a call for BHP to set a 2040 emissions target, saying the company is focused on growth projects and reducing diesel use. Interestingly, McEwen said uranium remains too small a market for BHP to treat it as a core commodity. We will get to the news from the miners and explorers here in a moment. But first, a mention of today's sponsor.

1:59Today's episode of Mining Stock Daily is brought to you by Revival Gold. Revival Gold is one of the largest pure gold mine developers operating in the United States. The company is advancing the Merkur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the symbol RVG and trades on the OTCQX market under the ticker symbol RVLGF. Learn more about the company at revival-gold.com.

2:37Here is what you need to know today. Liberty Gold has reported results from its 2026 drilling at the Black Pine Gold Project in southeastern Idaho. At the range front zone, one hole cut 145 meters, grading 0.36 grams per ton gold, including 18 meters at 1.27 grams. Drilling extended oxide mineralization about 200 meters north of the resource boundary where it remains open. Tests of rock storage material returned 60 meters at 0.86 grams per ton. Liberty says the results may support a resource update and help refine plans for a heap leach pad. Liberty Gold trades on the Toronto Stock Exchange under the symbol LGD and on the OTCQX under the symbol LGDTF.

3:27Canagold Resources reported results from its new Polaris Gold project in northwestern British Columbia. One hole cut 4.6 meters, averaging about 53 grams per ton gold and 0.8 percent antimony. That included 2.64 meters, grading 69.8 grams per ton gold. A second hole returned more than 7 meters at about 25 grams per ton gold. The results come from a 14-hole program designed Designed to define and expand the gold antimony zone, CannaGold says most of the high-grade intervals are outside its resource model and mine plant, offering room for evaluation. CannaGold trades on the TSX under the symbol CCM and on the OTCQB under the symbol CRCUF.

4:16Kodiak Copper has started metallurgical testing at its NPD Copper Gold Project in southern British Columbia. The program draws representative samples from all seven deposits in the resource estimate. It will examine rock hardness, test gravity recovery for gold, and refine the flotation process used to produce copper concentrate. The work will also assess concentrate quality and simulate repeated processing cycles. Kodiak says the goal is to improve metal recoveries, especially gold, and provide data for future economic studies. Results are expected in the first quarter of 2027 alongside a resource update.

4:51Kodiak trades on the TSX Venture Exchange under the symbol KDK and on the OTCQX under the symbol KDKCF.

5:04Monarum Silver has discovered a blind vein at its Alamo Silver Project in Sonora, Mexico. The Africa vein returned about 670 grams per ton silver equivalent over 2 meters. It lies 50 meters west of Europa Sur and remains open along Strike, pointing to further exploration potential. Expansion drilling at Europa Sur returned about 370 grams per ton silver equivalent over nearly 3 meters. Europa Sur sits outside the project's initial inferred resource. These results come from Minorum's 50 ,000-meter drill program ahead of an updated resource estimate. Minorum trades on the TSX Venture Exchange under the symbol MGG and on the OTCQX under the symbol MMRGF.

5:54Fireweed Metals has received conditional approval to move its shares from the TSX Venture Exchange to the Toronto Stock Exchange. The company must satisfy listing requirements by January 19, 2027. Once approved, Fireweed will announce a trading date and keep the same ticker. Shareholders will not need to exchange certificates. Fireweed is advancing the MAC Pass Zinc, Lead, and Silver Project and the MAC Tongue Tungsten Project in northern Canada. The proposed move would give the company a senior exchange listing as it develops its critical metals portfolio. Fireweed currently trades on the TSX Venture Exchange under the symbol FWZ and on the OTCQX under the symbol FWEDF.

6:41Critical Metals Corp. has cleared a hurdle in its proposed acquisition of European lithium. Nearly all shareholder votes cast supported the deal, and option holders voted unanimously in favor. Critical Metals would acquire all European lithium shares and options, paying with issued Critical Metals shares. The transaction still needs approval from the Supreme Court of Western Australia on October 26th. If approved, the companies expect to complete the deal on November 5th, with new shares trading the following day. The combination would bring European lithium under Critical Metals as it develops a Critical Minerals portfolio.

7:16Critical Metals trades on the NASDAQ under the symbol CRML.

7:24The Mining Stock 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 for 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.

8:00Thank you.