ORELENS

See dilution before it hits. Cash runways, warrant overhangs, unlock dates & disclosed stock promotions on 1200+ mining stocks - from the filings. Not advice.

[ORELENS @ORELENS]

https://t.co/qgMAP4Ih7D Will Change the Mining Industry FOREVER.

[ORELENS @ORELENS]

First Majestic $AG is the cheapest big silver miner on earnings. It's also the most expensive to run.

Those aren't two facts. They're one fact.

Cost per ounce: $26 (Pan American: $18)
EV/EBITDA: 10.5x (Hecla: 13.8x)

The market prices the risk. That's the discount.

The bull case is simple: costs fall after this quarter's expansions, the discount closes, and if silver runs, $AG's margin nearly doubles while low-cost names grow 40%.

The bear case is the same sentence in reverse.

$1.25B in the bank either way. Full breakdown on the channel 🧵👇

[ORELENS @ORELENS]

Copper Giant $CGNT is up 6x in a year. Here's what most people miss:

The stock is C$1.26. The company has issued ~113M warrants at $0.20–$0.60 since 2024.

Every single one is in the money.

So the real share count isn't 260M. It's closer to 350M — and that's before the Q4 PEA, which is the only thing that actually decides this stock.

Full breakdown on the channel. No debt, ~C$43M cash, 12.7 Blb CuEq inferred, and 15 Indigenous groups on record against it. Both sides. 🧵👇

@cu_giant TSXV: $CGNT.V)

[ORELENS @ORELENS]

Strong junior newsflow this morning:

$QTWO.V – 403.7 m @ 1.57% Li₂O (best hole ever at Cisco)
$RDS.V – C$57 M strategic investment from Agnico Eagle
$AUMB.V – more high-grade gold at True North’s SAM W target

Stock-specific catalysts to dig into.

[ORELENS @ORELENS]

Q2 Metals $QTWO.V reported its best hole to date at the Cisco Lithium Project (James Bay, Quebec):

Hole 93:
• 403.7 m at 1.57% Li₂O
• 213.8 m at 1.93% Li₂O
• Plus a near-surface 60.8 m at 1.24% Li₂O

Nearly 680 m of mineralized pegmatite in one hole. Scale and continuity continue to stand out.

[ORELENS @ORELENS]

1911 Gold $AUMB.V released additional high-grade intercepts from the SAM W target at True North:

• 11.31 g/t Au over 1.70 m
• 6.79 g/t Au over 2.40 m

Geological modelling is underway ahead of an updated global resource estimate expected in Q4 2026.

[ORELENS @ORELENS]

Q2 Metals $QTWO.V reported its best hole to date at the Cisco Lithium Project (James Bay, Quebec):

Hole 93:
• 403.7 m at 1.57% Li₂O
• 213.8 m at 1.93% Li₂O
• Plus a near-surface 60.8 m at 1.24% Li₂O

Nearly 680 m of mineralized pegmatite in one hole. Scale and continuity continue to stand out.

[ORELENS @ORELENS]

Key junior updates from the past few days:

$GOT.V – 7.38 g/t AuEq over 35.7 m (incl. 19.51 g/t) at Surebet
$WHN.V – high-grade extension below PEA stopes at Shovelnose
$ARTG.V – 85 m @ 2.29 g/t Au outside current Blackwater reserve

Solid stock-specific news to review heading into next week.

[ORELENS @ORELENS]

Artemis Gold $ARTG.V delivered the first results from its Blackwater resource expansion program:

85 metres at 2.29 g/t Au below the current reserve
(within broader 259 m at 1.22 g/t Au)

The deposit remains open to the north, northwest and at depth. More metres planned.

[ORELENS @ORELENS]

Goliath Resources $GOT.V reported more strong results from the Surebet discovery (Golden Triangle):

Up to 7.38 g/t AuEq over 35.7 metres
including 19.51 g/t AuEq over 8.32 metres

Near-surface, remains open for expansion. Consistent high-grade intervals continue to support the scale of this system.

[ORELENS @ORELENS]

Westhaven Gold $WHN.V extended high-grade mineralization below the South Zone at Shovelnose:

10.04 m grading 12.18 g/t Au and 103 g/t Ag
37.34 m grading 6.24 g/t Au and 55 g/t Ag

These hits sit below the deepest stopes in the 2025 PEA and at the southeastern margin. Resource growth potential remains open.

[ORELENS @ORELENS]

Sirios Resources $SOI.V intersected 2.4 g/t Au over 48.5 metres at Cheechoo.

This confirms the deposit extends beyond the 2025 resource estimate. More than 13,000 m drilled so far this summer — results continue to expand the known footprint.

[ORELENS @ORELENS]

Artemis Gold $ARTG.V reported the first holes from its Blackwater resource expansion program:

85 metres at 2.29 g/t Au below the current reserve

Significant mineralization in the initial diamond drill holes. Follow-up will show how much additional material can be added outside the existing pit.

[ORELENS @ORELENS]

Strong results continue at the Shovelnose South Zone (highlighted via Dundee):

• 10.04 m grading 12.18 g/t Au and 103 g/t Ag
• 37.34 m grading 6.24 g/t Au and 55 g/t Ag

These intercepts extend high-grade mineralization below the known deposit and support further growth potential. Ongoing 35,000 m program with multiple rigs.

[ORELENS @ORELENS]

Junior updates this morning:

$AUMB.V – strong metallurgical recoveries (93.7% and 96.3%)
$SCMI.V – more high-grade hits at Minto North & Area 118
$IGO.V – 9.07 g/t Au + 70.56 g/t Ag over 31 m at Tommy Vein

Stock-specific news worth reviewing before the open.

[ORELENS @ORELENS]

Independence Gold $IGO.V intersected strong results at the Tommy Vein (3Ts Project, BC):

9.07 g/t Au and 70.56 g/t Ag over 31.04 metres

A solid high-grade hit in an epithermal system. Follow-up drilling will show if this zone has room to grow.

[ORELENS @ORELENS]

Selkirk Copper $SCMI.V released additional Phase 2 drill results, including high-grade mineralization at Minto North and Area 118.

Continued success in these zones helps expand the known mineralized footprint. More results from the program should provide further clarity on scale and continuity.

[ORELENS @ORELENS]

1911 Gold $AUMB.V reported strong metallurgical recoveries:

• 93.7% gold recovery at True North
• 96.3% gold recovery at Ogama-Rockland

Solid recoveries are a key de-risking step for any project. These numbers support the potential economics as the company advances both assets.

[ORELENS @ORELENS]

Junior newsflow today:

$JUGR.V – Big Mack Zone expanded to 450 m strike / 500 m depth with broad mineralization
$AE.V – still digesting the 1 km Cu-Au intercept from surface at NAK
$SCOT.V – 25,000+ metres drilled, results incoming

Plenty of stock-specific catalysts to track.

[ORELENS @ORELENS]

Scottie Resources $SCOT.V has surpassed 25,000 metres of drilling at the Scottie Gold Mine Project in the Golden Triangle.

2026 programs remain on track. First results from the current campaign are expected in the coming weeks and should continue through year-end.

Consistent metreage is building a solid foundation for future resource work.