Morning Briefing: Q2 Metals Releases PEA Showing C$13.49B NPV

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'm your host, Michael McPray, filling in for Trevor Hall. It's a Wednesday, November 11th. Remember, it's a day in Canada, Veteran Day in the U.S. Stock futures are rising this morning. We're purchasing some of yesterday's losses caused by higher-than-expected inflation numbers. Dow, S &P, and Nasdaq futures are all currently higher.

0:39Gold futures are at$4 ,058, and crude oil futures are at$87.01. Some catalysts are the advance surrounding Althoropic's massive$1.3 trillion initial public offering filing and Corby's strong financial results when the market was worried about the company's debt load. We'll get to the news from the miners and explorers in just moment but first a mention of today's sponsor. This episode of Mindstock Daily is brought to you by Equinox Gold.

1:14Equinox Gold is a growth-focused gold producer operating mines across the Americas. With according to stone assets like the Greenstone Mine in Ontario and the Valentine Gold Project in Newfoundland and Labrador, Equinox is advancing a generation of large-scale, long-life gold operations. Learn more about portfolio at developmentpikeplan.aquedoxgold.com. Here's the news you need to know today. Q2 Metals released a preliminary economic assessment for its Cisco Lithium Project in Quebec showing an after-tax NPV of$13.49 billion at an 8 % discount rate and a 38.7 % IRR. The study outlines average production of 1.7 million tons of SC of 5.5 annually over a 28-year mine life against an initial capital of 2.93 billion and an all-insustaining cost of 454 per ton would be for oil piece.

2:11The net points rise down a long-term price of 1 ,647 per ton, and a resource built from 75 holes in 12 through December 2025. Vertical Metals has released the final start of activities authorization from Peru's Ministry of Energy and Mines, carrying weighted drill under its expanded permit covering about 3 ,122 hectares at a sombrero copper-gold project. The company outlined a Phase II program of roughly 20 ,000 meters across nine targets. Elemental royalty reported third quarter revenue of$20.8 million, up 203 % from Q3 2025 on 4 ,861 gold equivalent ounces versus 2 ,362 a year earlier. At just the EBITDA rose 168%.

3:02The company's on track for its 2026 guidance of 19 ,500 to 22 ,000 GEOS. Cash stood at$23 million at the quarter end and mentioned and says that cash flow is rising. Barrick Mining has named its plant at North American Gold Spinoch American Barrick Gold Corporation and has filed registration statement with the SEC for proposed initial public offering. The filing includes technical report summaries for Nevada Gold Mines and the Pueblo Viejo, along with an initial assessment for 4-mile and Barrick plans to file 43-101 PEA for 4-mile within 45 days. To the cold reported results from holes at the perfect storm zone on its 80 % old treaty and creek project including 9 grams per tonne gold over 9.5 meters from the newly identified high-grade epithermal system above 500 meters northwest prior drilling.

4:03Hole PS-26-34 returned 2.25 grams per ton gold over 30c, 37.5 meters, starting at 127.5 meters downhole, while PS-26-35 extended gold-dominant mineralization at a depth in the PSP zone, which remains open, down-dip, and a long strike. The 2026 program wrapped up at 22 ,511 liters and 44 holes, with 19 holes still awaiting assays before the late resource estimate for the PSP zone can be prepared. Discovery Mining produced a record 70 ,564 ounces of gold AQ3 2026 of 12 % year-to-year in a quarter that included the first full three months of results from the kit operations acquired in June. operating cash flow of 203 million funded 116.4 million to cash capital spending and left 86.9 million free cash flow the binding stock daily morning breathing is purchased by the clear commodity network is distributed throughout the world through your podcast network choice and a clear commodity network that's it today for everyone have a great day stay safe the The information presented should not be considered investment advice.

5:24Mining Stock Dealey 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.