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Base Metals Junior Mining Precious Metals

Steel Meets Rising Global Electricity Demand

Justin Tolman

For the latest standardized performance and holdings of Sprott Active Metals & Miners ETF (METL), please visit METL. Past performance is no guarantee of future results.

Key Takeaways

  • Steel Is Essential to Global Electrification: Steel is indispensable for meeting global electricity demand, underpinning infrastructure, transport and the grid.
  • China Dominates Global Steel Production: China now produces over half of the world’s steel, a dramatic shift from Western dominance 50 years ago.
  • Green Steel Is a Fast-Growing Segment: Green steel is a fast-growing market segment; producers may enjoy lower energy costs and preferential access to capital.
  • Supply Chain Security: Governments are incentivizing domestic production and recycling to reduce dependency on foreign supply.

Steel is one of the world’s most important engineering and construction materials, essential to all transport and infrastructure. However, steel is often overlooked as crucial in meeting increased global electricity demand. The International Energy Agency (IEA) estimates that global electricity demand will rise by 169% between 2023 and 2050.1 Evolving energy systems rely heavily on critical materials and decarbonization, with growth in the East driven by urbanization and energy security, and in the West by AI, data centers and reshoring. Vast quantities of steel will be needed to meet this demand. 

Steel offers unmatched strength and one of the best strength-to-weight ratios among materials.

In its simplest form, steel is a mix of iron and carbon. There are four primary types of steel: carbon, stainless, alloy and tool. Iron ore (rocks and minerals rich in iron) is one of the earth’s most abundant metals, and the largest reserves can be found in Brazil and Australia. 

Most of the world’s steel is produced by China, which in 20232 produced more metal than the rest of the world combined (See Figure 2). China’s dominance represents a dramatic shift from 50 years ago, when the U.S., Europe and Russia produced nearly 90% of the world’s steel. In 2023, for example, the U.S. made less than 5% of global steel (see Figure 1).3

Figure 1. China Is the World’s Largest Producer of Steel (2024)

Figure 1. China is the World’s Largest Producer of Steel (2024)

Source: Worldsteel.org. Data as of 12/31/2024. 

Figure 2. A 50-Year History of Global Steel Production

Figure 2. A 50 Year History of Global Steel Production

Steel’s Role in Meeting Global Electricity Demand

Steel is the backbone of the global energy system. Its strength, durability, recyclability and resistance to corrosion make it indispensable across every stage of electricity generation, transmission and storage.

In traditional energy, steel forms the high-pressure pipelines, storage tanks, drilling equipment and offshore platforms that drive the oil and gas industry. It is also the foundation of fossil fuel and nuclear power plants, where boilers, turbines and structural frameworks must endure extreme heat and pressure.

The addition of renewable energy sources requires even greater amounts of steel. Wind turbines are 66% to 79% steel by mass,4 solar power needs 35–45 tons of steel for each new megawatt of capacity5 and hydroelectric dams rely on reinforced concrete with embedded steel. China is the dominant leader in solar panel manufacturing and installation, and is home to the world’s largest solar farms. As of the end of 2024, China’s total installed solar capacity was 887,930 MW, nearly five times that of the second-ranked country, the United States. 

Figure 3. Panda Solar Station in Datong, Shanxi Province of China

Figure 4. Panda Solar Station in Datong, Shanxi Province of China

Source: Getty Images. Aerial view of the Panda Solar Station on August 14, 2017, in Datong, Shanxi Province of China. The first Panda Solar Station began operations in Datong on August 10, 2017.

Steel is equally critical to electrified transport. An electric vehicle contains about 1,200 kilograms of steel,6 from the chassis and body frame to the protective battery enclosure. Specialized electrical steel, amounting to 40–100 kg per vehicle, is used in the EV’s motor.

Finally, steel underpins the power grid. Nuclear reactors rely on stainless steel in piping and cooling equipment, every electrical transformer contains a magnetic steel core, and transmission pylons and cables depend on steel for strength and reliability.

Figure 4. Steel Is Critical to Supporting All Sources of Global Electricity

Figure 5. Steel is Critical to Supporting All Sources of Global Electricity

Source: Ember (2025); Energy Institute – Statistical Review of World Energy (2025).

Green Steel Production: From Visionary to Viable 

Green steel is produced using technology that significantly reduces or eliminates carbon dioxide emissions. Although green steel currently accounts for less than 1% of global steel production, demand is rising given policy and investment momentum, with Europe dominating market demand (see Figure 7).

Green steel is a niche sector within the steel industry that is growing very quickly. 

In our view, green steel represents one of the most exciting growth areas in today’s steel market. We have reached a tipping point where the rapid growth of cheap renewable power (hydro, hydrogen, nuclear) is rising. This allows countries with abundant renewable energy to produce green steel at a lower cost (given that electricity is the biggest input), making green steel more cost-competitive (providing sufficient scrap or Direct Reduced Iron feedstock). As green steel production continues to scale, it will likely only become more cost competitive.  

Although projections vary widely, the global green steel market is conservatively estimated to be valued at US$6.2 billion in 2024 and is expected to reach US$20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.4% from 2025 to 2030 (see Figure 6).7 More aggressive estimates put the green steel CAGR at 56% for the next five years  (to US$130 billion).8 By comparison, the overall global steel market size is projected to increase from US$1,470 billion in 2024 to about US$1,920 billion in 2030, with a much lower CAGR of 2.6%.9

Figure 5. Conservative Estimate: Green Steel vs. Total Steel Growth (2024-2030)

Although it represents a small portion of the global steel market, green steel is expected to nearly triple in size by 2030, from 0.5% of total steel to 1.30%.

Figure 6. Conservative Estimate: Green Steel vs. Total Steel Growth (2024-2030)

Source: BCC Research. Green Steel Industry Growing Fast with 21.4% CAGR. 

Traditional steel manufacturing involving integrated blast furnace-basic oxygen furnace (BF-BOF) plants accounts for ~9% of direct fossil fuel emissions, more than all the world’s cars and planes combined. It also represents one-third of global coal use.

Breakthroughs in green steel include hydrogen-based production and electric arc furnaces. Hydrogen-based production uses hydrogen gas (H₂) to convert iron ore into pure iron, a key input for steelmaking. Unlike conventional methods, hydrogen-based direct reduction produces only water vapor as a byproduct, eliminating carbon emissions. Electric arc furnaces melt scrap metal using high-power electric arcs.

Green steel technologies—especially those powered by hydrogen and renewable electricity—scale globally and are projected to reduce industry-wide CO₂ emissions by over 40% by 2040.10 With energy costs comprising up to 40% of steel production, green steel’s local cost competitiveness is already emerging, and economies of scale and technology improvements are expected to drive further reductions, enhancing its appeal as a long-term investment opportunity.

Figure 6. Europe Dominates the Green Steel Market 

Figure 7. Europe Dominates the Green Steel Market

Source: Coherent Market Insights. Green Steel Market Size and Trends. 

100% of structural steel is recyclable, and recycling scrap steel is sustainable. Recycling saves over 60% of the energy used to produce it from raw materials. Today, 97% of steel by-products are reused. The overall recycling rate for steel from all industries combined is 81%, with some construction segments reporting values as high as 98%.11

Figure 7. Types of Steelmaking Processes

Figure 8. Types of Steel Making Processes

Source: White & Case.

Steel in Sustainable Construction and Grid Modernization

Steel is the strongest construction material available, with the highest strength-to-weight ratio of any material. It is durable, flexible, ductile and non-combustible.

Steel plays a large part in climate-resistant infrastructure, with the development of high-performance weathering steel (HPWS) and high-strength steel (HSS). Research showcased that modern HPWS formulations can maintain structural integrity with minimal maintenance for up to 120 years in moderate environments and 75+ years in severe coastal or industrial settings—a substantial improvement over conventional steel’s 40- to 60-year lifespan.12 Additionally, recycled steel can help buildings earn Leadership in Environmental Design (LEED) certifications.

High-performance steel delivers 120-year resilience, strengthens modern grids and underpins advanced energy storage.

Global energy grids are being upgraded to handle the rapidly growing energy demand. Steel provides the strong, anti-corrosion backbone for the towers and poles that support new high-capacity lines. Additionally, efforts are being made to reduce energy loss and improve efficiency through developing advanced steel core wires and conductors. Construction of new lines is in full swing, with the Federal Energy Regulatory Commission (FERC) reporting 888 miles of new 345 kV+ transmission constructed in 2024.13

Steel is used in energy storage systems and the creation of batteries. In terms of batteries, steel serves as a casing for lithium-ion batteries. It plays a key structural role in various energy storage systems, including gravity-based setups that repurpose scrap metal, thermal energy storage (TES) tanks and CO₂ storage units integrated with turbine technology. 

Global Steel Supply Chains and National Security

Steel has become a strategic material at the center of global energy security. With China producing more than half the world’s crude steel and Brazil and Australia dominating iron ore supply, the industry is highly concentrated and vulnerable to geopolitical disruption. We saw this in 2021. Steel prices soared in 2021 due to a significant imbalance between demand and limited supply, primarily driven by the COVID-19 pandemic and its aftermath. Pandemic-related disruptions led to decreased production, while government stimulus, increased consumer spending on goods and a rapid economic rebound in construction and manufacturing created overwhelming demand for steel. This, coupled with supply chain bottlenecks and labor shortages in key sectors like shipping, created a shortage of raw materials and finished steel, pushing prices to historic highs by the middle of 2021.

Figure 8. Iron and Steel Prices Peaked in the Aftermath of COVID (2016-2025)

Source: U.S. Bureau of Labor Statistics via FRED®.

Today, trade measures such as U.S. Section 232 tariffs and the EU’s Carbon Border Adjustment Mechanism (CBAM) have already reshaped supply chains, while tightening carbon regulations are placing traditional high-emission producers at a disadvantage. At the same time, steel underpins critical infrastructure, from power grids and pipelines to transport and defense systems, making reliable access a national security priority.

The transition to green steel adds another layer of geopolitical complexity. Nations with abundant renewable power, such as the Nordics, Australia and the Middle East, are positioning themselves as future hubs of low-carbon steel production. Meanwhile, governments are pursuing onshoring and recycling strategies to reduce exposure to foreign supply shocks and carbon penalties.

As global electricity demand accelerates, steel is no longer just an industrial commodity but a strategic asset, with its supply and decarbonization pathways shaping both economic resilience and energy security.

Steel: From Backbone to Skeleton Key14

As the world races to meet surging electricity demand and decarbonize its energy systems, steel emerges as a foundational material and a strategic solution. From wind turbines and solar panels to electric vehicles and grid modernization, steel’s unmatched strength, recyclability and versatility make it indispensable across every sector, driving the future of cleaner energy.

We believe early green steel adopters are positioned to capitalize on a growing trend that favors low-carbon materials. 

Demand for green steel is rising as automakers, construction firms and renewable energy developers seek low-carbon materials to meet net-zero commitments and regulatory requirements. Governments are adding pressure through carbon pricing, procurement standards and environmental mandates, making low-emission steel more attractive. This convergence of corporate pledges, policy incentives and consumer expectations is creating a nascent and impactful growth area in steel demand.

Footnotes

1Source: IEA World Energy Outlook 2024 Net Zero Emissions Scenario.
2Source: Statista, Steel industry in China – statistics and facts
3Source: Worldsteel.org, 2024 World Steel Figures.
4Source: USGS. “What materials are used to make wind turbines?” February 9, 2022.
5Source: CleanTechnica. “How Much Steel Will All Those Wind Turbines & Solar Panels Need, & Can We Make It?”
6Source: Voestalpine. “The role of steel in electromobility.” March 22, 2019.
7Source: BCC Research. Green Steel Industry Growing Fast with 21.4% CAGR.
8Source: Eco-Business. “The green steel imperative: Turning commitment into action.” 5/26/2025.
9Source: Fortune Business Insights, Global Green Steel Market Overview, 8/25/2025.
10Source: Glass half full or half empty? Steel industry decarbonization to 2040 Presentation to the worldsteel Climate Action Open Forum, Brussels, 6/1/2024.
11Source: CSSBI. “Sustainable steel and the environment.”
12Source: Science Direct. Journal of Constructional Steel Research. February 2023.
13Source: Americans for a Clean Energy Grid. “New Report Reveals U.S. Transmission Buildout Lagging Far Behind National Needs.”
14As a metaphor, a skeleton key represents a single, versatile solution or tool that can unlock multiple problems, situations, or opportunities.
Categories
Base Metals Energy Junior Mining Precious Metals

Gold Is Pricier Than Ever. Here’s Why Experts See It Rising Even Higher

Ore Huiying / Bloomberg / Getty Images
The inflation-adjusted price of gold hit its first record in more than 40 years earlier this month.

Key Takeaways

  • Gold surged to a fresh record high on Monday after notching its first inflation-adjusted record since 1980 earlier this month.
  • Gold prices have been boosted by several interconnected factors: geopolitical tensions, economic uncertainty, a weaker U.S. dollar, and the interest rate outlook.
  • Veteran bond trader Jeffrey Gundlach last week forecast gold would reach $4,000 an ounce before the end of the year, and said a 25% allocation to the precious metal was “not excessive” given underlying trends.

Gold prices climbed to a record high Monday, extending a blistering rally that experts don’t expect to end anytime soon.

Gold futures surged 2% Monday to trade at an all-time high of about $3,780 an ounce. The real gold price, which adjusts for inflation, hit a record high earlier this month for the first time since 1980.

In a note on Monday, Deutsche Bank analysts forecast that gold prices could rise above $4,000 by the end of 2025, implying a full-year return of more than 50%. That kind of price appreciation would make gold the year’s best-performing asset and likely put it in the top decile of S&P 500 stocks, on par with Nvidia (NVDA).

What This Means for Investors

Investors often acquire gold as a hedge against inflation, political turmoil and economic uncertainty, and some investing experts recommend increasing exposure to the precious metal given current market conditions. Bullion, as well as exchange-traded funds tied to gold or to shares of miners, could provide entry points

The reasons behind gold’s stellar year are plentiful and interrelated. Central bank demand, a weaker dollar, President Donald Trump’s tariffs, and interest rates all bear some responsibility and are expected to continue to support gold prices in the coming months.

Central Banks Are Buying Gold Despite Record Prices

Conflict in Europe and the Middle East, as well as simmering tensions between the U.S. and China, have given central banks around the world reason to be major buyers of gold this year.

According to the World Gold Council’s 2025 Central Bank Gold Reserves Survey, 95% of central bankers expect global gold reserves to increase this year, and a record 43% forecast their own bank’s reserves would increase over the same period. No respondents said they expected their reserves to decline this year, despite record gold prices.

Geopolitical crises are a major reason central banks add to their gold reserves. Gold’s performance during times of crisis was either highly or somewhat relevant to their gold portfolio, said 85% of respondents, and 71% cited its role as a geopolitical risk hedge.

Gold buying is also being driven by a desire to diversify reserves. Nearly three-quarters of respondents expect the U.S. dollar’s share of global reserves to decline over the next year as banks add gold and other currencies such as the euro and Chinese renminbi.

A Weaker Dollar Could Be Another Tailwind

The value of the U.S. dollar has declined precipitously this year amid a dramatic reset of the domestic and international economic outlooks.

The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, has declined more than 10% this year. The vast majority of the index’s losses came when trade uncertainty and global tensions were at their highest from early March to early July.

Concerns that tariffs and Trump’s immigration crackdown would slow U.S. growth, and potentially push the economy into a recession, weighed on the dollar through those months. The decline may have also partially been driven by de-dollarization or the “Sell America” trade, in which foreign investors, spooked by the Trump administration, dumped dollars and Treasurys.

A weaker greenback is expected to continue to be a tailwind for gold, which is priced in dollars, through the rest of the year.

“I think almost certainly gold will close above $4,000 before the end of this year,” Jeffrey Gundlach, the founder and CEO of investment manager DoubleLine Capital, told CNBC last week. Gundlach said his ideal portfolio would be 25% gold, an allocation he called “not excessive” in light of dollar trends that he expects to persist.

Fed Rate Cuts Could Further Boost Demand

The Federal Reserve is also aiding gold. The central bank cut interest rates last week for the first time this year, and tentatively forecast two more cuts before the end of 2025.

A lower federal funds rate should translate into lower Treasury yields, making gold—which doesn’t pay interest—relatively more attractive to investors who have already funneled a record $85 billion into gold funds this year, according to fund flows data from Bank of America.

President Trump’s attacks on the Federal Reserve have also raised questions about the central bank’s independence. If the White House exerts more control over the Fed, which appears likely given Trump will appoint a successor to Fed Chair Jerome Powell next May, it could erode faith in U.S. monetary policy, further bolstering gold by weakening investors’ confidence in the economic outlook, the U.S. dollar, and Treasurys.

Read the original article on Investopedia

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Base Metals Energy Exclusive Interviews Junior Mining Precious Metals

Watch: Riverside’s Beaver Creek Precious Metals Summit Presentation

Riverside’s CEO, John-Mark Staude, outlined how Riverside’s exploration “factory” creates value at the 2025 Precious Metals Summit in Beaver Creek, Colorado last week. Eighteen years of building value through spinouts and a growing royalty portfolio created through project work, not purchases. A strong cash position and a disciplined share count keep us ready to move when the data says go.

Capitan Silver’s spinout and recent performance is an example of the potential value creation for Riverside’s spinouts. Blue Jay Gold Corp., spun out in May, is targeting a TSX Venture Exchange listing in the coming months, subject to regulatory approvals. In this concise presentation, Riverside’s CEO reviews near-term milestones and key value drivers.

The focus is clear. Mexico and Canada. Gold, silver, copper, and rare earths. Active drilling at the Union project in Mexico. Advancing high-priority gold and rare earth targets in British Columbia. Building the copper pipeline, including Ariel. Field XRF, drones, and AI speed decisions and cut cycle time. Riverside has strong cash, good royalties, and great projects.

For the full picture and near-term catalysts, watch the Beaver Creek presentation. Watch the presentation: https://www.youtube.com/wch?v=xL0emMRa1Kg

Sincerely,
Riverside Resources
info@rivres.com
+1 778 327 6671

Categories
Base Metals Energy Junior Mining Precious Metals

Grizzly Clarifies Terms of Private Placement

Edmonton, Alberta–(Newsfile Corp. – September 12, 2025) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) announced, on September 11, 2025, a private placement offering for gross proceeds of up to $1 Million. The initial announcement did not include the price per Unit and FT Unit (as defined in the original release and below), which is $0.03 per Unit and per FT Unit.

The full terms of the Offering are restated below.

Private Placement Financing

Grizzly announces the initiation of a private placement (the “Offering”) of Units and FT Units for aggregate gross proceeds of up to $1,000,000 if fully subscribed.

Private Placement Offering

The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units at a price of $0.03 per Unit and per FT Unit. Each Unit shall consist of one common share of the Company (“Common Share”) and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for $0.05 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.10 per Common Share for 10 consecutive trading days; and (b) 24 months from the date of issuance (“Warrant”). Each FT Unit shall consist of one Common Share and one half of one Warrant, each of which shall be issued as a “flow through share” for the purposes of the Income Tax Act (Canada). The Offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.

The Company intends to use the proceeds of the Offering, if fully subscribed with the maximum of 25,000,000 in FT Units and 8,333,333 Units, as follows:

Mineral Property Exploration$ 750,000
Mineral Rights and Exploration Permits80,000
Working capitalOutstanding management fees to Officers$ 44,000
Other accounts payable56,000$ 100,000
Corporate OverheadManagement fees to Officers$ 18,000
(3 months)Other Corporate Overhead52,000$ 70,000
Maximum proceeds$ 1,000,000

There is no minimum to the Offering. If the Company closes on less than the maximum proceeds, or if the proportion of Units and FT Units differs from the above, the use of proceeds will be adjusted.

In connection with the Offering, the Company may pay finders fees payable in any combination of cash, Units, and Warrants to registered broker dealers, limited market dealers or arm’s length persons in accordance with the policies of the TSX Venture Exchange (the “Exchange”) and applicable securities legislation and regulations. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the Exchange.

The Offering is subject to acceptance of the TSX Venture Exchange.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email : info@grizzlydiscoveries.com

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266121

Categories
Base Metals Copper Bullet Mines Energy Junior Mining Precious Metals

Copper Bullet Mines: A Tale of Arizona Copper and the Lure of the Blue Sky

Well now, gather ’round, folks, and lend an ear to a tale I’ve just fetched back from the scorching, sun-drenched bosom of Arizona. I’ve seen my share of ground, from the muddy banks of rivers where fortunes were plucked like ripe berries, to the high, lonesome stretches where men chased whispers of silver. But this journey, this recent pilgrimage to the Copper Springs Project, well, it’s got a particular glint to it, like a freshly panned nugget winking in the sun. And it involves a company, mind you, called Copper Bullet Mines, a name that just sings of purpose and potential.

I tell you, the air out there near the Copper Springs Project – it’s thick with history, a real palimpsest of ambition and discovery. This ain’t some greenhorn’s hopeful dig in the backyard, no sir. This is the Arizona Copper Triangle, a place where the earth has been generous, spilling forth its metallic bounty for generations. You drive through that country, and you see the monuments to past triumphs: the grand, gaping maw of the Miami-Inspiration Mine, a titan of copper production in its day; the storied hills around Superior, where the mighty Resolution Copper Project is set to redefine the very notion of a “big find.” And let’s not forget the enduring prowess of the Ray Mine, still humming along, pulling copper from the ground with the steady hand of an old pro.

Now, why does a seasoned old bird like myself, who’s seen more rock than a pebble on a riverbed, get a glint in his eye over Copper Bullet Mines? It’s the “blue sky potential,” my friends, a phrase that makes a prospector’s heart beat a little faster than a drummer at a Fourth of July parade.

I just returned from walking that ground, feeling the sun bake the dust on my boots, and what I saw wasn’t just dirt and creosote bush. I saw opportunity. Copper Springs isn’t just sitting near these giants; it’s sitting in the same neighborhood. And in mining, as in life, a good neighborhood counts for a whole lot. These weren’t just random rock formations; they were geological kin to the very deposits that made fortunes for others. The historical data, the old drill holes, the very whispers of the wind seemed to confirm it: there’s more copper in them thar hills.

The land itself, a canvas of reds and browns under an endless sky, tells a story of volcanic activity, of ancient forces that squeezed and cooked and concentrated the very stuff we now clamor for. And in this modern age, where every gadget and every electric vehicle demands more copper than we’re currently producing, finding a new, significant source isn’t just a good idea – it’s a necessity. That’s the blue sky I’m talking about: the potential for a new major discovery in a world that’s thirsting for it.

Now, here’s where the rubber meets the road, or rather, where the shovel meets the ore. Copper Bullet Mines is on the cusp of something rather exciting. They’re in the midst of a raise for C$0.14 cents per share. A modest sum, perhaps, for a piece of what could be the next great Arizona copper story. And soon, they’ll be shedding the chrysalis of a private endeavor and going public. That, my friends, is when the wider world gets its chance to hitch its wagon to this particular star.

It’s not often you get a front-row seat to a potential discovery in such a pedigreed district. The big boys, the established mines around them, they’re not just neighbors; they’re proof of concept. They’re the living, breathing evidence that this ground can yield riches. And Copper Bullet, with its Copper Springs Project, is looking to join that distinguished company.

So, if you’ve got an adventurous spirit and an eye for what might lie beneath the surface, keep a keen watch on Copper Bullet Mines. For in that Arizona dust, beneath that boundless blue sky, there might just be another chapter in the grand, old tale of copper. And I, Maurice Jackson, for one, am mighty keen to see how it unfolds.

I’ve been a shareholder since 2022 and own a significant amount of shares. I am biased.

if you are accredited and want to find out more contact:

Dan Weir

danweir@bulletmined.com

+1 (416) 720-0754

www.copperbulletmines.com

PS: Company will have a face lift. New branding, website, corporate deck etc. I am working on getting them in New Orleans Investment Conference (pending).

Categories
Base Metals Energy Junior Mining Precious Metals

Grizzly Provides Exploration and Corporate Update and Announces Private Placement

Edmonton, Alberta–(Newsfile Corp. – September 11, 2025) – Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (“Grizzly” or the “Company”) is pleased to provide the following exploration and corporate update and to announce a private placement offering for gross proceeds of up to $1 Million.

Beaverdell Exploration

Grizzly has recently conducted a small prospecting and sampling program near Beaverdell in order to satisfy some assessment requirements on some newly staked mineral claims in the Beaverdell area of the Greenwood District, British Columbia. These results from the sampling program conducted in the Beaverdell target area within the Greenwood Precious and Battery Metals Project will be disclosed once they are received.

Highlights:

  • A total of 50 rock grab samples were collected from mostly outcrop and some mineralized dump material across the Beaverdell claims in July 2025, including the newly acquired ground.
  • Grizzly has acquired 5 new mineral claims covering 147 hectares (363 acres) and now holds a total of 21 mineral claims covering 3,721 hectares (9,194 acres) surrounding the historical Beaverdell Mine.
  • Grizzly’s Beaverdell mineral claims surround and are adjacent to the historical Beaverdell Mine which produced approximately 34.5 million ounces of silver, 16,700 ounces of gold, 30.6 million pounds of zinc and 25.6 million pounds of lead between 1913 and 1991.

Figure 1: Sulphide mineralization found and sampled on the Beaverdell Property, 2025.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/265973_2bf15c0b94fa6a05_002full.jpg

Motherlode Crown Grant Purchase Agreement

On June 17, 2024, the Company announced a purchase agreement (the “Purchase Agreement”) with First Majestic Silver Corp. (“First Majestic”) to acquire 13 historical Crown Grants collectively known as the Motherlode Crown Grants near Greenwood, British Columbia.

The Company has been advised that, prior to completion of the Acquisition, certain of the Crown Grants have been forfeited to the Crown due to the non-payment of taxes. As a result, those specific Crown Grants are no longer available for acquisition by the Company under the terms of the Purchase Agreement.

Notwithstanding the forfeiture of certain Crown Grants, Grizzly’s mineral claims that overlap significant portions of areas covered by the Crown Grants remain valid and in good standing. With the forfeited Crown Grants now held by the Crown, no other third party can acquire superseding rights in respect of those areas, thereby enhancing the Company’s security of tenure on its overlapping mineral claims.

The Company is evaluating its options with respect to the Purchase Agreement with First Majestic in light of this development.

Plans for Fall 2025 Exploration at Greenwood:

Rock and soil sampling along with drilling at the Midway and Motherlode Targets are being planned for fall 2025, depending upon financing. The results for the Beaverdell sampling with be announced as they become available. Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.

Brian Testo, President and CEO of Grizzly Discoveries, stated, “We are excited and are looking forward to pursuing a number of high grade gold – silver – copper – lead -zinc showings and historical mines with drilling in the fall of 2025 along with additional exploration for significant battery metal prospects in our current 175,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!

While we are disappointed that not all of the Crown Grants are available for acquisition, this development ultimately provides greater security for our overlapping mineral claims. This ensures that our exploration plans in the Greenwood District can continue without the risk of competing Crown Grant ownership. We will continue to work with First Majestic to assess the best path forward.“

Private Placement Financing

Grizzly announces the initiation of a private placement (the “Offering”) of Units and FT Units for aggregate gross proceeds of up to $1,000,000 if fully subscribed.

Private Placement Offering

The Offering consists of up to 8,333,333 Units and up to 25,000,000 of any combination of Units and FT Units. Each Unit shall consist of one common share of the Company (“Common Share”) and one Common Share purchase warrant entitling the warrant holder to purchase an additional Common Share for $0.05 and expiring on the earlier of a) 30 days following written notice by the Company to the warrant holder that the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange is at or greater than CA$0.10 per Common Share for 10 consecutive trading days; and (b) 24 months from the date of issuance (“Warrant”). Each FT Unit shall consist of one Common Share and one half of one Warrant, each of which shall be issued as a “flow through share” for the purposes of the Income Tax Act (Canada). The Offering is being offered to qualified subscribers in the Provinces of Alberta, British Columbia and Ontario and in other jurisdictions as the Company may in its discretion determine, in reliance upon exemptions from the registration and prospectus requirements of applicable securities legislation.

The Company intends to use the proceeds of the Offering, if fully subscribed with the maximum of 25,000,000 in FT Units and 8,333,333 Units, as follows:

Mineral Property Exploration$ 750,000
Mineral Rights and Exploration Permits80,000
Working capitalOutstanding management fees to Officers$ 44,000
Other accounts payable56,000$ 100,000
Corporate OverheadManagement fees to Officers$ 18,000
(3 months)Other Corporate Overhead52,000$ 70,000
Maximum proceeds$ 1,000,000

There is no minimum to the Offering. If the Company closes on less than the maximum proceeds, or if the proportion of Units and FT Units differs from the above, the use of proceeds will be adjusted.

In connection with the Offering, the Company may pay finders fees payable in any combination of cash, Units, and Warrants to registered broker dealers, limited market dealers or arm’s length persons in accordance with the policies of the TSX Venture Exchange (the “Exchange”) and applicable securities legislation and regulations. The Common Shares and any Common Shares issued on exercise of the Warrants are subject to restrictions on trading until four months and one day from the date of issuance in accordance with the policies of the Exchange.

The Offering is subject to acceptance of the TSX Venture Exchange.

Quality Assurance and Control

Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.

The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President

Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email : info@grizzlydiscoveries.com

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265973

Categories
Base Metals Capitalism Morality Exclusive Interviews Junior Mining

Idols without Conscience

From my last musings, I continue the story of my life in engineering college in India (late 1980s). India today, if you are curious, is even more superstitious than it was then—modern technology has not enlightened people but only sharpened their irrationalities, leaving its benefits largely wasted or turned negative:

On Investments

Many people ask me about arbitrage investments. What follows is a newly released, reworked version of an old talk I did with Mining Stock Education:

As mining equities rise in value, I look for safe harbor in arbitrage opportunities—not only in the mining sector but across the broader market. Often, I can avoid putting up cash entirely by selling put options at or just below the arbitrage value, timed to the merger’s expected close if the payout is in stock, or as long-dated as possible if it’s in cash. In the latter case, I collect the richest premiums, and the options expire with the merger anyway.

Here are some current arbitrage opportunities:

  • Nuclear Fuels (NF; $0.335): Offers an 18% upside, with the merger expected to close within a day or two. The annualized upside is absurd—higher than even the worst inflation Zimbabwe ever suffered. I added more yesterday at $0.335.
  • Canadian Gold (CGC; $0.35): Offers a 16% upside at its latest price of $0.365. Since the acquiring company, MUX, is highly volatile, I prefer to accumulate closer to $0.35.
  • EMX Royalty (EMX; $5.72): Offers a 10% upside. With liquid stocks, the spread usually closes in days. In this case, it isn’t closing, as many are selling after doing very well in EMX. I’m buying more—9% is still on the table. Annualized through end-2025, the upside is ~40%.

I hope to have the videos of the recently concluded Capitalism & Morality seminar uploaded over the next few weeks.

Jayant Bhandari

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.

https://jayantbhandari.com/idols-without-conscience-nf-emx

Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals Project Generators

EMX Provides Update on the Sale of Its Nordic Business Unit to First Nordic

Vancouver, British Columbia–(Newsfile Corp. – September 9, 2025) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (the “Company” or “EMX”) is pleased to provide an update with respect to the previously announced sale of its Nordic operational platform (the “Transaction“) to First Nordic Metals Corporation (TSXV: FNM) (“FNM”), a current partner and operator on multiple EMX royalty properties in Sweden and Finland (see the Company’s News Release dated June 2, 2025). This strategic divestment includes EMX’s regional infrastructure, exploration equipment, and employees across the Nordic countries.

The Transaction is a non-arm’s length transaction pursuant to the policies of the TSX Venture Exchange (“TSXV“) as a result of the parties having a director in common and is therefore subject to acceptance of the TSXV. The Transaction has been conditionally accepted by the TSXV and the Company is proceeding with the satisfaction of the conditions required for the final acceptance of the Transaction which are standard for a transaction of this nature. Additionally, completion of the Transaction remains subject to clearance pursuant to the Swedish Foreign Direct Investment Act, which process is expected to be completed prior to the end of October 2025.

About EMX. EMX is a precious and base metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol “EMX”. Please see www.EMXroyalty.com for more information.

For further information, contact:

David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com		Stefan Wenger
Chief Financial Officer
Phone: (303) 973-8585
SWenger@EMXroyalty.com		Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Statements

This news release may contain “forward-looking statements” and “forward-looking information” (together “forward-looking statements”) that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding receipt of final TSXV acceptance for the Transaction, timing and clearance of the Transaction pursuant to the Swedish Foreign Direct Investment Act, timing for completion of the Transaction or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include but are not limited to difficulties in obtaining required approvals for the Transaction, increased regulatory compliance costs and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended June 30, 2025 (the “MD&A”), and the most recently filed Annual Information Form (“AIF”) for the year ended December 31, 2024, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at www.sec.gov. EMX does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265815

Categories
Base Metals Energy Junior Mining Precious Metals

Is Platinum Going to Catch Gold?

Platinum bars by suntemple via Shutterstock

Andrew Hecht

Thu, Sep 4, 2025, 3:00 PM 6 min read

Years ago, platinum’s nickname was “rich person’s gold,” as the rare precious metal commanded a premium to the yellow metal. I asked if platinum’s rally would continue and if it could become rich person’s gold again in a late-July Barchart article on the platinum market,  when I concluded:

Platinum remains in a bullish trend, with plenty of upside room before it approaches the 2008 all-time high. Given gold’s ascent over the past years and platinum’s liquidity constraints, platinum could head back to its former position as “rich person’s gold.” 

More News from Barchart

Nearby NYMEX platinum futures were trading at $1,422.90 on July 28. The $1460 level in early September could be a golden buying opportunity.

Platinum corrects lower

The quarterly chart highlights that after trading around a $1,000 per ounce pivot point for nearly a decade from Q3 2015 through Q1 2025, NYMEX platinum broke out to the upside.

Platinum futures eclipsed the critical technical resistance at the Q1 2021 high of $1,348.20 in Q2 2025. Moreover, the platinum futures formed a bullish key reversal pattern on the quarterly chart in Q2 2025, trading below the Q1 2025 low and closing above the high of the previous quarter. After trading to a peak of $1,440.50 in Q2 2025, platinum futures reached a higher high of $1,511.40 in Q3 where they ran out of upside steam, falling to the $1,270 level in August before recovering to around $1,460 in early September 2025.

The bullish trend remains intact

The shorter-term monthly continuous platinum futures chart highlights the bullish trend that has taken the rare precious metal to a new decade high.

The chart highlights the bullish trend, despite the pullback from the July high of over $1,500 per ounce.

The daily year-to-date chart displays an even more dramatically bullish picture for the platinum futures.

Even the most aggressive bull markets rarely move in straight lines

The nearby NYMEX platinum futures rallied 72%, moving from an April 7, 2025, low of $878.30 to a July 21, 2025, high of $1,511.40 per ounce. While the price has corrected, even the most aggressive trends can experience substantial corrections. Technical support for the NYMEX platinum futures remains far below the current $1,340 level, with the support at the late May 2025 high of just over $1,100 per ounce. Buying platinum during the current correction could be optimal as the precious metal remains in a compelling bullish trend.

Factors supporting higher platinum prices- The platinum-gold differential

The following factors support higher platinum prices:

  • After consolidating around the $1,000 per ounce pivot point for nearly a decade, platinum futures broke out to the upside and remain in a bullish trend in early September 2025.
  • Platinum is a rare metal, with only around seven million ounces or 218 metric tons of annual mine supply in 2025. South Africa is the leading producer, while Russia and Zimbabwe are second and third. The three countries accounted for approximately 75% of platinum output in 2023.
  • In Q1 2025, the World Platinum Investment Council forecasted a third consecutive year for a substantial deficit in platinum’s supply-demand equation. The tight platinum market is a result of declining mine supplies.
  • Gold has reached a record high over the past eight consecutive quarters, and silver prices have increased to the highest level since 2011. Platinum, like gold and silver, has industrial and financial applications, favoring higher platinum prices.
  • Platinum is a far less liquid futures market than gold and silver. In early September, the open interest in NYMEX platinum futures was 88,805 contracts, representing 4.44 million ounces. At $1,460 per ounce, the total value of the platinum futures market was $6.483 billion. The total values of the gold and silver futures market were over $178.6 billion and over $33 billion, respectively. Platinum is a smaller and less liquid futures market than gold and silver. Lower liquidity tends to support higher volatility.

The case for higher platinum prices remains compelling in early September 2025. Buying during the current correction, leaving plenty of room to add on further declines, could be optimal.

The chart of the platinum-gold spread ({PLV25}-{GCZ25}) highlights that platinum had traded at a premium to gold in the 1990s, reaching an over $1,000 premium in 2008. Since 2015, platinum’s discount to gold has been increasing, reaching nearly $2,500 per ounce at the most recent April 2025 low. The bottom line is that platinum is historically inexpensive compared to gold.

Technical levels to watch in the futures- PPLT is a platinum ETF

The five-year monthly platinum futures chart highlights the critical technical levels in early September 2025.

As the chart highlights, support for platinum futures is at the March 2022 high of $1,197, the April 2023 high of $1,148.90, and the March 2024 high of $1,105 per ounce, as the prior technical resistance levels have become supports. The current upside target is the July 2025 $1,511.40 per ounce. Above there, platinum traded to a high of $1,523.80 in July 2014, $1,744.50 in February 2023, $1,918.50 in August 2011, and a record high in March 2008 of $2,308.80 per ounce. With gold trading over $1,300 above platinum’s March 2008 record peak, there is substantial upside potential in the platinum futures market.

The most direct route for a risk position in platinum is the physical market for platinum bars and coins. However, physical platinum often involves substantial premiums for purchases and discounts for sales. The futures market has a physical delivery mechanism, but it involves significant leverage with margin requirements. The most liquid platinum ETF, the Aberdeen Physical Platinum product (PPLT) makes a platinum investment available in standard equity accounts.

At $130.52 per share, PPLT had over $1.684 billion in assets under management. PPLT trades an average of 205,941 shares daily and charges a 0.60% management fee. PPLT is a highly liquid ETF product.

Platinum futures rallied 72% from the low on April 7, 2025, to the high on July 21, 2025.

As the chart shows, PPLT rose 61.6% from $82.79 to $133.80 per share from the low of April 7 to its high on July 18. While PPLT does a reasonable job tracking platinum prices, the expense ratio weighs on the performance. However, the management fee covers expenses, including storage and insurance. Moreover, since PPLT only trades during U.S. stock market hours and platinum futures trade around the clock, the ETF can miss highs or lows when the stock market is closed.

Time will tell if platinum catches and surpasses gold on the upside, but there is plenty of room for platinum to narrow the price gap. Platinum remains in a bullish trend in early September 2025, with lots of upside potential at the $1,460 per ounce level.

On the date of publication, Andrew Hecht did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com