The M&E Dispatch // 108

Hello Everyone,

Some days you notch the win, some days the scoreboard hurts to look at. This weekend, my son’s hockey team pulled off their first victory of the season, he was in net, grinning ear to ear. Then, four hours and a quick meal later, they laced up against the same opponent and took a loss, the euphoria of triumph swapped for the sting of defeat. .500

Maybe that’s how it feels to work in mining and energy right now, the business of building up your sample size and treating the pursuit of small wins like it’s directly tied to your value… cause it is.

It’s the rhythm of reps, of playing enough periods and drilling enough prospects that wins and losses start to lose their sharp edges. When it’s birdies one hole and bogeys the next, pars and missed putts, the day-to-day volatility isn’t a as much of an issue, just another stat in the box score.

You learn to put less weight in the last result, more faith in your grind, your process, your openness to the next shift in the market wind. That’s what Canada’s mining and energy sector feels like right now, a pursuit of .500, where resilience isn’t optional and the sample size keeps getting bigger.

As I read these press releases and updates from you all it’s evident that you’re putting in the reps, try after try, and you’re learning to tell the world about it faster and with greater voracity. For that I applaud you.

Investors are nothing more than scouts sitting in the stands of a hockey game. They’re not always looking for the next McDavid, more often than not they’re looking for the player that hits the ice, shift after shift, with the level of effort and consistency.

Some shifts they’re a +1, other shifts they’re a -1, most shifts they they’re 0. However, measured over a long enough timeline that consistency of play is what leads to winners.

You can’t control the market, the politics or even what history has hidden in the earth for us to discover. You can, however, control your attitude and effort. Make sure you’re seen every shift you get, put in the attitude and effort that sets you apart and show that you’re a player worth looking at.

To quote Red Green—remember, I’m pullin’ for ya. We’re all in this together.

// The Dirt

🔥 Top 3 Headlines to Watch

🪙 Kingfisher Metals (BC) — drill hole HW-25-011 intercepts 429m of porphyry copper mineralization beneath Hank gold-silver deposits at its Hwy 37 Project, Golden Triangle. Discovery validates exploration model and adds scale.
https://kingfishermetals.com/kingfisher-identifies-new-porphyry-copper-system-below-hank-gold-silver-deposits-at-hwy-37-project-golden-triangle/

🪙 Sage Potash (UT) — Preliminary Economic Assessment delivers after-tax NPV of US$502M and 39% IRR over a 20-year mine life, with $72M annual free cash flow potential.
https://sagepotash.com/sage-potash-completes-a-pea-that-delivers-after-tax-npv-of-us502-million-and-irr-of-39/

🪙 Lithium South (Argentina) — concludes due diligence with POSCO and moves to negotiate Definitive Agreement for Hombre Muerto North Project sale.
https://www.lithiumsouth.com/posts/lithium-south-due-diligence-concluded-commencement-of-definitive-agreement/

// Exploration & Development Highlights

🔥 Midnight Sun Mining (Zambia) — adds a third drill rig at Dumbwa, targeting 6,000m minimum at the Solwezi Project.
https://midnightsunmining.com/2025/midnight-sun-adds-third-drill-rig-at-dumbwa/

🪙 FPX Nickel (NL) — Advocate Nickel Property accepted by JOGMEC as first Designated Project under their Generative Alliance; $450k 2025 work program planned.
https://fpxnickel.com/news/fpx-nickel-and-jogmec-select-the-advocate-nickel-property-in-newfoundland-to-be-advanced-as-a-designated-project/

// Financings & Market Moves

🪙 Kirkland Lake Discoveries (ON) — announces $7M private placement, including $6M in lead orders. Flow-through shares priced at $0.30 and units at $0.25.
https://www.kirklandlakediscoveries.com/post/kirkland-lake-discoveries-corp-announces-7m-private-placement-with-lead-orders-of-6m

🪙 NEO Battery Materials (KR/CA) — signs LOI for South Korean battery component facility lease and launches non-brokered private placement.
https://neobatterymaterials.com/neo-battery-enters-into-loi-for-operational-battery-component-manufacturing-facility-lease-and-announces-non-brokered-private-placement-offering/

// Corporate & Policy

🪙 Silver47 Exploration (BC) — grants 5.3M incentive stock options and RSUs to directors, officers, employees, and consultants.
https://silver47.ca/silver47-announces-grant-of-stock-options-and-restricted-share-units/

// On the Horizon

Porphyry Copper Breakthroughs — Kingfisher’s Golden Triangle discovery and Midnight Sun’s Dumbwa program show scale returning to copper exploration.

Critical Minerals in Motion — Lithium South’s POSCO deal progress and FPX Nickel’s JOGMEC alliance highlight global strategic metals partnerships.

Battery Supply Chain — NEO’s South Korean facility lease and Silver47’s corporate alignment reinforce growing EV-materials pipelines.

I’ve watched Snatch, Margin Call and The Gentleman way too much lately, according to my wife that is - personally, those are top 5 movies for me.

I need some variety, hit reply with your fav movie right now if you wouldn’t mind.

- Lee