The M&E Dispatch // 107

Hello Everyone,

Is this what it feels like when Canada finally clicks with the bike? Not like we couldn’t pedal before, just that magic moment when you realize the thing actually wants to stay upright.

Balance isn’t a miracle, it’s physics. And once you get it, you never forget.

The same is true for the international market. Our customers want us to stay upright, and while they’re busy picking riders to root for in this global race, Canada’s suddenly looking a lot steadier in some red-plaid bike tights, astride what may or may not have been a Sears Catalogue special from the ’90s. (Or was that Consumers Distributing? Remember them? )

The point is, we’ve always known how to sell to faraway customers, from the Yukon to the Prairies we’ve proven that. The difference today is that “faraway” now means something more: the UK, Africa, Asia and beyond. And guess what? We’ve still got it.

Like that old sports coat in the closet we’ve still got the swagger, the presence, and(!) as our Latvian Billet likes to describe his game play… the aura.

The Bank of Canada’s rate drop, fresh investments landing, Indigenous-led energy projects scoring wins, and gold and copper finds stretching from Yukon to Quebec, it’s all momentum. The bike isn’t wobbling anymore. We’re pedaling forward, finding our rhythm, and looking up at the horizon.

It feels… hopeful. For the first time in a while, cautiously optimistic even.

It’s not just the leaves that are starting to turn here in Canada…

// The Dirt

🔥 Top 3 Headlines to Watch

Osisko Metals (QC) — expansion hole at Gaspé returns 133.7m @ 1.04% Cu, including over 1km of continuous mineralization averaging 0.20% Cu. Confirms the scale of Canada’s largest porphyry copper revival.
https://osiskometals.com/news-2025/osisko-gaspe-expansion-hole-intersects-133-7-metres-averaging-1-04-cu/

Trigon Metals (Namibia) — Competition Commission approves sale of Kombat Mine to Horizon, clearing final hurdle for the transaction.
https://trigonmetals.com/2025/09/18/trigon-metals-announces-granting-of-competition-approval-for-sale-of-its-interest-in-the-kombat-mine-to-horizon/

Nevada Lithium (NV) — drill core reveals significant rubidium and cesium at Bonnie Claire, both on the U.S. 2025 draft critical minerals list, boosting the project’s economics.
https://nevadalithium.com/news-release/nevada-lithium-announces-significant-amounts-of-critical-minerals-rubidium-and-cesium/

// Exploration & Development Highlights

🔥 Aeonian Resources (BC) — signs partnership with Kenpesq’t Business Group of the Shuswap Band, integrating cultural and wildlife management into exploration planning.
https://www.zimtu.com/aeonian-resources-signs-agreement-with-kenpesqt-business-group-of-the-shuswap-band-to-advance-responsible-exploration/

Metalero Mining (BC) — anomalous copper and gold soil results at Cantin target (Quesnel Trough) confirm discovery potential.
https://metaleromining.com/metalero-mining-tsxv-mlo-reports-anomalous-copper-and-gold-soil-results-at-the-cantin-target-on-the-benson-project-quesnel-trough-british-columbia/

Tocvan Ventures (MX) — launches airborne magnetics survey and fieldwork at Gran Pilar Gold-Silver Project, setting up trenching and drilling ahead of pilot mine production.
https://tocvan.com/field-work-and-airborne-magnetics-survey-drilling-and-trenching-prep-accelerate-discovery-pilot-mine-production/

Freeman Gold (ID) — drills 120.4m @ 0.37 g/t Au, including 41.2m @ 0.85 g/t Au, expanding near-surface Lemhi resource base for Feasibility Study.
https://freemangoldcorp.com/freeman-gold-drills-0-37-g-t-au-over-120-4-metres-including-0-85-g-t-au-over-41-2-metres-near-surface-at-the-lemhi-gold-project/

// Financings & Market Moves

Magna Mining (ON) — closes $50M brokered financing, strengthening balance sheet for Crean Hill and Denison project development.
https://magnamining.com/magna-mining-announces-closing-of-brokered-offering-of-common-shares-for-gross-proceeds-of-approximately-50-million/

NioCorp (NE) — prices $50M registered direct offering at $5/share, supporting Elk Creek critical minerals project.
https://www.niocorp.com/niocorp-announces-pricing-of-50-million-registered-direct-offering/

Silver47 (BC) — secures $23M LIFE financing, fully subscribed with over-allotment exercised. Funds to advance exploration portfolio.
https://silver47.ca/silver47-announces-closing-of-23-million-brokered-life-financing/

// Corporate & Policy
Patriot Battery Metals (QC) — announces corporate rebrand to PMET Resources Inc., reflecting broader focus beyond lithium to caesium, tantalum, and gallium.
https://patriotbatterymetals.com/patriot-battery-metals-announces-proposed-name-change-to-pmet-resources/

Westwater Resources (CO) — awarded U.S. patent for graphite purification process at Kellyton Graphite Plant, advancing domestic battery supply chain.
https://westwaterresources.net/news-releases/2025/09/17/westwater-resources-announces-second-quarter-2025-business-updates-and-investor-conference-call-2/

Nicola Mining (BC) — granted five-year mine life extension for flagship New Craigmont copper project.
https://nicolamining.com/nicola-mining-receives-five-year-mine-life-extension-for-its-flagship-copper-project-new-craigmont-property/

// On the Horizon

Critical Minerals Beyond Lithium — Nevada Lithium’s cesium/rubidium and Patriot’s rebrand to PMET highlight the next wave of essential supply chain metals.

Copper Country’s Comeback — Osisko’s Gaspé and Nicola’s New Craigmont extensions reaffirm Canada’s deep porphyry copper bench strength.

Strategic Capital Flows — Magna, NioCorp, and Silver47 collectively raise over $120M this week, underscoring investor appetite for near-term production stories.

// The Hustle

Game day this Sunday, two home games back to back against a team from Rochester. Let’s go OHO.

Quick correction from the last edition, in Dispatch 106, I mislabeled a September 2023 Nano One release as current. The link went to a 404 page and the item shouldn’t have run at all. The web version has been updated. And yes — it’s seriously 2025 already? 

Where did the last five years go? Enjoy the last full weekend of Summer everyone.
-Lee