Morning Briefing: Both US and Canada Announce New Initiatives to Boost Mining Activity
Good morning and welcome to the Mining Stock Daily Morning Briefing.
It's Monday, March 24th.
Precious Metals ended the week last week on a downward not with gold closing Friday at $3021, down three quarters of a percent and silver closing at $33.48/oz, down 1 and a half percent. Copper closed the week above $5 / lb for the first time since last May. And important news out of the US and Canada. Over the past couple days, both U.S. President Donald Trump and Canadian Prime Minister Mark Carney introduced significant policies to bolster their nations' mineral production and infrastructure development. President Trump's executive order aimed to enhance domestic production of critical minerals, while Prime Minister Carney's reforms focused on streamlining the approval process for major mining and infrastructure projects. President Trump's executive order invoked the Defense Production Act to increase domestic production of minerals. In Canada, Prime Minister Mark Carney announced reforms to accelerate the approval process for major mining and infrastructure projects. Both leaders emphasized the importance of reducing bureaucratic hurdles to stimulate economic growth and enhance national security.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Vizsla Silver.
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here’s what you need to know this morning…..
NexGen Energy announced results form its best hole drilled to date at the Rook I Property. Drillhole RK-25-232 intersected 3.9 meters of >61,000 cps, indicating rich uranium concentration within a larger 13.8 m mineralized interval that starts at 452.2 m. It is one of the shallowest high-grade intersections at PCE and open in all directions (including 300 m up dip) within the competent basement rock. Four additional winter drillholes all located a minimum 50 m from RK-25-232 have all encountered high-grade intercepts containing >61,000 cps (RK-25-227, -230, -233, -236) expanding the high-grade subdomain to 210 m along strike and 335 m of vertical extent, doubling in size since last reported in November 2024 (previously 100 m strike and 170 m vertical extent). Ongoing exploration will focus on growing and defining this high-grade zone from hole RK-25-232. (TSX: NXE) (NYSE: NXE) (ASX: NXG) News Release
Thor Explorations says they have drilled two discovery holes in its Douta-West license, which is contiguous to the the original Douta license which put together the entire Douta Gold Project in Senegal. The first set of 2025 drilling results came from the Baraka 3 Prospect and returned 19m of 2.46 g/t Au from a depth of 29m and 26m of 1.31 g/t Au from a depth of 21m. The holes were placed 100m apart. In addition, the results have been received from a series of diamond drillholes that have been completed along the strike length from Makosa North to Makosa Tail deposits to test for depth extensions and to upgrade the classification towards the lower parts of the resource. Assay results there included 3m of 5.3 g/t Au and 9m of 2.06 g/t Au. (TSXV: THX) (AIM: THX) News Release
Montage Gold says rapid construction progress is being achieved at its Koné project in Côte d’Ivoire, where process plant concrete works, including the ahead-of-schedule pouring of Carbon-in-Leach tank foundations, have commenced, marking an important milestone. On-site workforce is now approximately 1,700 employees and contractors. Strong progress has been made to take advantage of the dry season, with process plant earthworks and foundations preparation, water storage facility preparation, camp construction and process plant engineering, all advancing at a rapid pace. The project remains on track to pour gold in Q2-2027 and on budget with approximately 25% of the US$835 million capital spend committed thus far, with prices in line with expectations. (TSXV: MAU, OTCQX: MAUTF) News Release
The Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice, and by our friends at the Junior Mining Network.
That’s it for today everyone. Have a great day. Stay safe.
The information presented should not be considered investment advice. Mining stock daily 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.