The M&E Dispatch // 118

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Hello Everyone,

For years, Canada has been holding the line for the U.S. auto industry, guarding our shores against cheap foreign vehicles, protecting a legacy built on Detroit steel and Windsor sweat. And for a while, that made sense.

Then Elon came along.

Tesla promised a domestic EV revolution, and for a brief moment, it looked like North America had cracked the code. Then the world went electric, the supply chains went sideways, and suddenly everyone, especially China, started building smarter, faster, and cheaper.

Now Ottawa is reportedly considering dropping its 100% tariff on Chinese EVs in exchange for Beijing lifting its restrictions on canola, pork, and other agricultural exports. It’s a small headline with massive implications.

Because this time, the deal isn’t just about farming or cars. It’s about putting Canadian interests first.

Here’s the thing most people miss: those “cheap Chinese EVs” everyone warns about? They meet our safety standards, they outperform half the market, and they’re… nice. The Chinese know luxury. And here’s the kicker, many of them are made with Canadian components. The copper, nickel, and rare earths that power those vehicles come from the very mines and processing plants that employ Canadians across the country.

So while the badge might say “Made in China,” a good part of what’s under the hood was dug, refined, or engineered right here.

For decades, our trade policies have been shaped by loyalty, to our neighbours, to our automotive legacy, to the idea that our economic security depended on the U.S. as our primary pillar. Maybe it’s time that changed.

Opening the door to competition, innovation, and yes, even a few Chinese EVs, might be exactly what we need to reset the playing field. Everytime we sell the world a car that runs on Canadian metals, we’re exporting more than minerals, we’re exporting independence.

Enjoy the week ahead,

// The Dirt

🔥 Top 3 Headlines to Watch

1. Radisson Step-Out Drilling at O’Brien Gold Project Intersects High-Grade Mineralization in Multiple Locations
Radisson Mining Resources (TSXV: RDS) released new assay results from fifteen drill holes at its 100%-owned O’Brien Gold Project in Quebec. Highlights include 10.50 g/t Au over 6.5 m and 9.16 g/t Au over 2.5 m, extending mineralization beneath the historic mine and confirming continuity at depth.
https://www.radissonmining.com/press-releases/radisson-step-out-drilling-at-obrien-gold-project-intersects-high-grade-mineralization-in-multiple-locations/

2. Silver North’s Veronica Property Yields Silver Discovery at Betty Target
Silver North Resources (TSXV: SNAG) reported its first-ever silver-bearing mineralization at the Veronica Property in southern Yukon, including 2,860 g/t Ag from a float cobble and 33.7 g/t Ag in outcrop, confirming Carbonate Replacement Deposit potential akin to the Silvertip Mine nearby.
https://silvernorthres.com/silver-norths-veronica-property-yields-silver-discovery-at-betty-target/

3. Midland Continue de Découvrir de Nouvelles Minéralisations Aurifères sur le Projet Caniapisc Au à la Baie James
Midland Exploration (TSXV: MD) announced new gold results from follow-up exploration at its 100%-owned Caniapisc Au Project in Quebec’s James Bay region, with assays up to 24.5 g/t Au. The campaign confirms multiple new mineralized blocks and extends the project’s prospective footprint.
https://midlandexploration.com/2025/10/28/midland-continue-de-decouvrir-de-nouvelles-mineralisations-auriferes-sur-le-projet-caniapisc-au-a-la-baie-james/

🛠 Exploration & Development Highlights

Aeonian Resources Expands Koocanusa Copper Project Along 50 KM Fertile Corridor
Aeonian Resources (TSXV: ALTN) expanded its 100%-owned Koocanusa Copper Project in southeastern British Columbia after new geophysical survey results revealed multiple high-priority anomalies.
https://www.zimtu.com/aeonian-resources-expands-koocanusa-copper-project-along-50-km-fertile-corridor-following-geophysical-survey-results/

Gold X2 Enters Into Property Purchase Agreement
Vancouver-based Gold X2 Mining (TSXV: AUXX) entered a property purchase agreement to acquire full rights and interests from an arm’s-length vendor, advancing its expansion strategy.
https://goldx2.com/gold-x2-enters-into-property-purchase-agreement/

Delta Resources to Attend the 51st Annual New Orleans Investment Conference
Delta Resources (TSXV: DLTA) announced participation in the New Orleans Investment Conference to showcase its Delta-1 Gold Project in Ontario, featuring intercepts of 5.92 g/t Au over 31 m and 1.79 g/t Au over 128.5 m.
https://www.deltaresources.ca/news/delta-resources-limited-to-attend-the-51st-annual-new-orleans-investment-conference/

💰 Financings & Market Moves

Sienna Resources Closes First Tranche of Private Placement
Sienna Resources (TSXV: SIEN) completed the first tranche of its private placement, issuing 15.32 million units for proceeds of $1.84 million to fund upcoming drill programs and marketing initiatives.
https://www.siennaresources.com/2025/10/sienna-resources-inc-closes-first-tranche-of-private-placement-to-fund-multiple-work-programs/

EMP Metals Announces $2,000,000 Financing
EMP Metals (CSE: EMPS) announced a non-brokered private placement of up to 5,000,000 units at $0.40 to raise C$2 million for annual concession fees, acquisitions, and general working capital.
https://empmetals.com/emp-metals-announces-financing-of-up-to-2000000/

Nicola Mining Files Prospectus, Plans Nasdaq Uplisting
Nicola Mining (TSXV: NIM) filed an application to list on Nasdaq and submitted a preliminary base shelf prospectus to raise up to C$10 million in Qualified Securities.
https://nicolamining.com/nicola-mining-announces-plans-to-uplist-on-nasdaq-and-filing-of-short-form-base-shelf-prospectus/

🧬 Corporate & Policy

PPX Mining Sets New Monthly Operational Record for 2025
PPX Mining (TSXV: PPX) achieved record revenues and pre-tax income from its Callanquitas Mine in Peru, generating CAD$5.41 million in September 2025 and advancing CIL plant construction to boost profitability.
https://ppxmining.com/ppx-mining-sets-new-monthly-operational-record-for-2025/

Delta Resources — Investor Outreach
Participation in the 51st New Orleans Investment Conference underscores Delta’s investor relations strategy amid growing attention to Ontario’s gold belt.
https://www.deltaresources.ca/news/delta-resources-limited-to-attend-the-51st-annual-new-orleans-investment-conference/

🌄 On the Horizon

• Canadian Exploration Strength: Strong drill results from Quebec, Yukon, and Ontario reflect a continuing upswing in grassroots discovery momentum.

• Capital Market Activity: Multiple financings (EMP, Sienna, Nicola) indicate sustained investor confidence in junior miners despite broader market caution.

• Strategic Expansion: Companies like Aeonian and Delta signal renewed appetite for cross-border investor exposure and high-grade development plays.

Home insurance premiums are up by 9% this year

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Eighteen innings last night. At some point it stopped being baseball and turned into a test of endurance. I wonder if they had to reopen the concessions to start feeding people?

Long, drawn out, and every once in a while, someone would finally connect.

Not the result we were hoping for, but there’s another game in a few hours, another set of at bats and another chance to swing for the fences.

Sounds familiar.

Have a great week all,
-Lee