Micro Math Capital

Finding high quality growth stocks 💎 Not investment advice ❌
Clients $RYO.V $MAXX $RSMX $ESAU $AEMC

[Micro Math Capital @micromathcap]

https://t.co/N3ERDBEda5

[Micro Math Capital @micromathcap]

Metalsource Mining just extended a high grade silver, gold, lead and zinc zone at its Silver Hill project in North Carolina, widely known as America's first silver mine. 

Where it stands: 

Hole SH26-19 returned 6.28 metres grading 1,156 g/t silver equivalent (AgEq), a single number that combines the value of silver, gold, lead and zinc found in the rock. 

A 3.6 metre section inside that hole graded 1,789 g/t AgEq, among the highest grades the company has reported. 

The result extends the high grade zone about 33 metres further down, adding confidence that it is one connected system rather than scattered pockets. 

What's next: more assay results are pending from holes already drilled, and the company is now drilling further south to keep testing the trend.  

Full breakdown: https://t.co/OJoqzNGe8K

CSE: MSM | OTCQB: MSMMF | Frankfurt: E9Z 

Disclosure 

Paid promotional content published by Micro Math Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of Metalsource Mining Inc. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

Metalsource Mining released new drill results today from its Silver Hill project in North Carolina, the site the company calls America's first silver mine.

In plain terms, the company drilled a hole a short distance from an earlier strong hole, and it hit the same kind of mineralization. That matters because it points to metal that is connected across the area, not sitting in one lucky spot.

Where it stands:
● The new hole, SH26-18, returned 11.8 metres of 245 g/t silver equivalent, including a rich 0.64 metre slice at 1,580 g/t.
● It sits about 28 metres south of the earlier hole and reaches past the old historic mine workings.
● The metals are a mix: silver, gold, lead and zinc.

Why it matters: each step-out hole builds a clearer picture of how big the system is. The old mine already proved the metals are there. The drilling now is about scale.

What is next: more holes are in progress, results are still pending, and the company is looking to add a second drill rig. The goal is to keep growing the area and work toward a first modern resource estimate.

CSE: MSM | OTCQB: MSMMF | FSE: E9Z
Paid promotional content published by Micro Math Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of Metalsource Mining Inc. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Regency Silver Corp @regencysilverco]

Live investor webinar: Thursday, June 25 at 11:00 AM ET / 9:00 AM MT.

CEO Bruce Bragagnolo and Head Geologist Michael Tucker review our 2025/2026 Dios Padre drill results, including REG-26-35: 5.06 g/t Au, 41.85 g/t Ag, 1.10% Cu over 36.35m. Live Q&A to follow.

Register: https://t.co/pHDAAIW7Or

$RSMX #gold #silver #copper

[Micro Math Capital @micromathcap]

ESGold just received the furnace it plans to use to melt gold and silver into doré bars, the semi-refined bars that mining operations sell to refineries, at its Montauban project in Quebec.

Where it stands:
• The furnace can handle up to 150 kilograms of metal at temperatures up to 1300°C.
• It joins processing equipment already on site, including the spirals and shaker tables that separate gold and silver from ground-up material.
• The project is fully permitted, and the company anticipates production in 2026.
ESGold is still pre-production, so the equipment now has to be installed, connected, and commissioned before any doré is poured.

Full breakdown: https://t.co/OJoqzNGe8K

$ESAU (CSE) | $ESAUF (OTCQB) | Z7D (FSE)

Paid promotional content published by Micro Math Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of ESGold Corp. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

ESGold (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) just added an operations hire as it moves closer to production at Montauban.

Pierre-Marc Gagnon, P.Eng., joins as Operations Director, bringing experience from underground mine development at Eleonore, along with previous roles at Agnico Eagle and Newmont.

Current focus:
• Site construction and commissioning
• Installation of key processing equipment
• Summer drill program planned to test expansion potential
• Production targeted for 2026

For developers nearing production, execution often becomes as important as geology.

Full breakdown below.
https://t.co/OJoqzNGe8K

$ESAU $ESAUF

Paid promotional content published by Micro Math Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of ESGold Corp. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

SpaceX completed its first trading day on June 12, 2026. Several facts now apply across both small-cap and large-cap positions and are on the public record.

First-day market data (per CNBC, https://t.co/w5O8m8O9jE, Robinhood, June 12, 2026):

- IPO price: $135

- Opening trade: $150 (up 11.1%)

- Intraday high: $176.52 (up 30.8% from IPO price)

- Close: $161 (up 19.3% from IPO price), per CNBC

- Day range: $149.34 to $176.52, per https://t.co/w5O8m8O9jE

- Volume: 519.99 million shares, versus average daily volume of 256.39 million, per Robinhood

- Market cap at intraday high: approximately $2.27 trillion, surpassing TSMC at that point, per TradingKey

Financial position on record (SpaceX S-1 and Q1 2026 filings):

- Q1 2026 consolidated GAAP net loss: $4.28 billion

- Starlink (Connectivity segment) Q1 2026 operating profit: $1.19 billion on approximately 10.3 million subscribers

- Starlink 2025 revenue: $11.387 billion; 2025 operating profit: $4.423 billion; adjusted EBITDA margin: 63%, per TradingKey / SpaceX S-1

- xAI division 2025 operating loss: $6.36 billion, per SpaceX S-1

- Next scheduled earnings report: September 2, 2026, per TradingView

The deferred S&P 500 inclusion event -- estimated at over $50 billion in forced buying from S&P-linked assets -- is conditional on four consecutive quarters of positive GAAP earnings. The seasoning period began June 12, 2026. The earliest eligibility window is mid-2027. This applies to all investors in S&P 500-tracking vehicles regardless of market cap.

Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

SpaceX opened at $150 on June 12, 2026 and reached an intraday high of $176.52. SPCX closed at $161, up 19.3% from the $135 IPO price, per CNBC. The implications differ by investor type.

For large-cap investors:

- QQQ holders face proportional selling of existing Nasdaq-100 constituents within 15 trading days to fund forced SpaceX inclusion. The weight assigned will reflect SPCX's market price at the time of the rebalancing event.

- MSCI-tracking fund holders face SpaceX inclusion beginning June 13. The float is approximately 3 to 5 percent, limiting the immediate weighting.

- S&P 500 holders (SPY, VOO, IVV) are not required to purchase SPCX at this time. The deferred inclusion event is conditional on GAAP profitability and is no earlier than mid-2027.

- BlackRock submitted an order of at least $5 billion for the IPO, per the Wall Street Journal. IPO allocatees received shares at $135 and held positions that, at the intraday high of $176.52, were up approximately 30.8% on a mark-to-market basis. These positions are subject to lock-up restrictions and market volatility.

For small-cap investors:

- Russell 2000 holders are not directly affected. SpaceX enters the Russell 1000 at the September or December 2026 reconstitution.

- Space-sector small-caps that gained in anticipation of the listing reversed on listing day. Rocket Lab fell 10%, AST SpaceMobile fell 14%, Redwire fell 11%, and EchoStar fell 13%, per CNBC midday data. The pre-listing gains in these names were partially or fully retraced on the first day of SPCX trading.

- The IPO pipeline (Anthropic, OpenAI, Prometheus) represents continued structural pressure on benchmark composition and capital allocation throughout 2026.

Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

SpaceX's listing on June 12, 2026 is the first major event in what analysts have characterized as the most active year for large private company IPOs in at least a decade. The documentation behind that assessment is on record.

- Anthropic raised $65 billion in Series H financing at a valuation of $965 billion

- OpenAI raised $122 billion in March 2026 and has filed IPO documentation

- Bezos' Prometheus raised $12 billion as of June 11, 2026

What each additional large listing does to markets cumulatively:

- Each major listing adds new index weight and forces proportional rebalancing across existing constituents

- The S&P 500 inclusion clock for SpaceX began on June 12. The deferred forced buying, estimated at over $50 billion across S&P-linked assets, is a future event conditional on SpaceX meeting four consecutive quarters of positive GAAP earnings. The next earnings report is scheduled for September 2, 2026.

- Capital raised by these companies exits the private market and enters public market circulation, shifting where institutional capital is deployed

The composition of major benchmarks is undergoing a documented structural change. The S&P 500, Russell, and MSCI indexes that existed at the start of 2026 will not carry the same weights by the end of the year.

Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

In the days before SpaceX listed, space-sector small-caps moved sharply higher in anticipation of what analysts described as a sector validator effect. Rocket Lab gained more than 6% in premarket trading on June 12. AST SpaceMobile advanced 4%. EchoStar, which holds an estimated 3% stake in SpaceX, gained 5.7%, per CNBC.

Once SPCX began trading, the dynamic reversed. Per CNBC midday data on June 12, 2026:

- Rocket Lab (RKLB): down 10%

- AST SpaceMobile (ASTS): down 14%

- Redwire (RDW): down 11%

- EchoStar (SATS): down 13%

- Virgin Galactic (SPCE): down 37%

Integrity Asset Management attributed the reversal to a siphon effect: investors who repositioned in advance of the IPO to build exposure, drawing funds and attention away from adjacent names once the anchor listing was live. TradingKey reported SPCX's market cap reached approximately $2.27 trillion at its intraday high of $172, surpassing TSMC.

The pattern is documented in prior large IPO cycles. Pre-listing anticipatory moves in adjacent names are frequently followed by selling once the primary listing absorbs capital and attention. The Q1 2026 financials for SpaceX remain on record: a $4.28 billion consolidated GAAP loss, with Starlink generating $1.19 billion in operating profit on approximately 10.3 million subscribers.

Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

SpaceX's Nasdaq debut on June 12, 2026 under the ticker SPCX is the first in a sequence of large private companies entering public markets this year. After a subdued 2025 IPO market, 2026 has produced a concentration of large venture-backed listings.

The pipeline behind SpaceX is documented. Anthropic raised $65 billion in Series H financing at a valuation of $965 billion. OpenAI raised $122 billion in March 2026. Bezos' Prometheus raised $12 billion as of June 11, 2026. Both Anthropic and OpenAI have filed or begun preparations for public listings.

What the pipeline means for markets structurally:

- Each new large listing creates new benchmark weights, reshaping what index funds are required to hold

- Capital raised by newly listed companies comes from existing market participants, reducing available capital for existing public stocks during the subscription and settlement window

- Index rebalancing triggered by each new inclusion creates mechanical buying and selling across multiple existing constituents

Per MSCI research, a concentration of megacap IPOs in 2026 could shift U.S. weight in global benchmarks, alter sector exposures toward aerospace, defense, and application software, and redirect billions in index-driven flows. These are structural changes to benchmark composition, not temporary dislocations.

Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

$SPCX prices tonight. Trading begins tomorrow. Here is a plain-language checklist of what actually matters at the open, for investors of any size.

1. Opening price vs. $135 IPO price
The gap, or lack of one, tells you whether demand cleared cleanly or whether the deal was mispriced. A big pop means shares were left on the table. A flat open or a dip means the market isn't giving it a free pass.

2. Volume in the first hour
Day-one trading in a deal this size will include a lot of short-term positioning that is not long-term conviction buying. High volume with a stable price is a good sign. High volume with a sharp move in either direction signals instability.

3. How small-cap space names hold
Rocket Lab, Redwire, AST SpaceMobile and others already moved 25-40% on IPO anticipation. If $SPCX opens well, these may hold or extend. If $SPCX disappoints, expect some of those gains to give back.

4. What QQQ does
SpaceX will enter the Nasdaq-100 within 15 trading days, forcing funds tracking QQQ to sell proportional amounts of Apple, Microsoft, Nvidia and others. Watch whether that mechanical selling pressure is already showing up.

You don't need to own a single share of $SPCX for tomorrow to matter to your portfolio. Pay attention.
Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

Tomorrow morning, SpaceX opens for trading on the Nasdaq under $SPCX, and the largest IPO in stock market history officially becomes a public company.

Here is where things stand heading into tonight's pricing:
- $75 billion raise at $135/share, valuing SpaceX at roughly $1.75 trillion
- Investor demand exceeded $250 billion - the deal ran 3.5 to 4 times oversubscribed
- BlackRock submitted a $5B+ order. Retail investors flooded in with over $70B in requests
- Up to 30% of the offering was earmarked for individual investors - an unusually large retail slice
- 84% of Americans already recognize the SpaceX brand, per a Reuters/Ipsos poll of 4,531 adults

Tonight, the IPO prices. Tomorrow, the market tells us what it actually thinks.

For small-cap investors watching from the sidelines: the sector-validator effect is already in motion. Space-related small-caps moved 25-40% in the days surrounding the IPO announcement. The question now is whether those moves hold once $SPCX has a real price.

Watch the open. 
Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

MAX Power is becoming a focused natural hydrogen company. It has agreed to sell its Arizona lithium project to a company called Homeland Critical Minerals, and in exchange it will own just under half of Homeland.

Where it stands:

• MAX Power gets 11 million Homeland shares, valued at about $1.1 million, instead of cash.

• It keeps a stake in the lithium project's future while putting its own money and people behind natural hydrogen, a clean energy source found underground rather than manufactured.

• Its main project, Lawson in Saskatchewan, is what the company calls Canada's first underground natural hydrogen system confirmed by drilling.

What is next: the deal is expected to close around June 17, 2026, subject to approvals, and the company says it is close to starting a multi-well drill program at Lawson. This is still early-stage exploration and commercial production is not yet proven.

Full story: https://t.co/OJoqzNGe8K

CSE: MAXX | OTC: MAXXF | FSE: 89N

Paid promotional content published by Micro Math Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of MAX Power Mining Corp.. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

BRICS is replacing the dollar - or so the narrative goes.

What the data actually shows:

Dollar in ~89% of FX transactions. Slightly up from 3 years ago.
BRICS common currency: formally ruled out.
Russia unified currency talks: not happening.

What is real: payment rails outside the dollar, marginal oil settlement diversification, reserve reallocation toward gold.

Evolution, not revolution. Decade-long drift, not overnight reset.

Precision matters more than narrative.

[Micro Math Capital @micromathcap]

Gold in 2025: up more than 50%.

Crossed $4,000 for the first time last October.
Trading near $4,600 at end of May.

Analyst targets:
• JP Morgan: $5,000 by late 2026
• Amundi: $4,200 this year, $5,000 by 2028
• ING: ~$4,300 average

These are analyst views, not guarantees. Gold can fall hard.

What matters more than the price: understanding what is structurally driving it.

[Micro Math Capital @micromathcap]

New from Micromath Capital: MAX Power ($MAXX) has closed a $25 million investment from Eric Sprott and now reports more than $40 million in treasury.

Where the story stands:

• Lawson, described as Canada's first subsurface natural hydrogen system, confirmed by deep drilling and validated by three independent labs

• 3D seismic has defined a 14.2 sq km closure inside a 28 sq km complex

• About 1.3 million permitted acres along the 475 km Genesis Trend

This is still exploration, and commercial flow has not been proven. What changed is that the Lawson structure is larger than originally anticipated, based on recently completed 3D seismic, and the company is now funded to complete a near-term multi-well follow-up program to test the broader system for the potential of hosting the world’s first large-scale commercial discovery of natural hydrogen.

Read our full write-up: https://t.co/OJoqzNGe8K

Paid promotional content published by Micromath Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of MAX Power Mining Corp. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

MAX Power ($MAXX) wants to use its natural hydrogen discovery to power AI data centres, and it just signed an agreement to study how.

Here is the idea in plain terms:
• AI data centres need huge amounts of clean power and water for cooling, and the grid is straining to keep up.
• MAX Power's Lawson site in Saskatchewan holds natural hydrogen (a clean fuel found underground) plus salty brine water that could be used for cooling.
• Its new partner, TerraVolt Energy, already manages more than 12 GW of power, enough for roughly 10 million homes.
• The two have applied to a federal Canadian program backing homegrown AI computing.
What changed: MAX Power is starting to show how this discovery could actually make money down the road. This is an early agreement to explore the concept, not a done deal, and it still depends on proving the wells can deliver. The next big test is the upcoming multi-well drill program aimed at proving commerciality at the Lawson Complex.  

Read our write-up: https://t.co/OJoqzNGe8K

$MAXX (CSE) | $MAXXF (OTC)

Paid promotional content published by Micro Math Capital, a company owned by Apollo Shareholder Relations (compensated), on behalf of Max Power Mining Corp. Not investment advice. Full disclaimer: https://t.co/97GlLw79Ti

[Micro Math Capital @micromathcap]

Central bank gold buying. The data:

2010–2021 avg: 473 tonnes/year
2022: 1,082 tonnes
2023: 1,037 tonnes
2024: 1,045 tonnes

Roughly double the prior decade. Three years running.

Central banks buy gold as policy, not as a trade. No sensitivity to price. Structural floor under the market.

What are institutions with 30-year horizons quietly telling us?

[Micro Math Capital @micromathcap]

In 2022, the US froze Russia’s dollar reserves.

Every central bank in the world took note.

The message was simple: paper reserves can be switched off. Gold cannot.

What followed was not panic. It was policy.

Central banks bought 1,000+ tonnes of gold in 2022. Then again in 2023. Then again in 2024.

One event. A permanent change in how institutions think about reserves.

[Micro Math Capital @micromathcap]

Three questions heading into next week:

1. Where does the 30-year yield go from here? The base rate for most financing decisions.
2. What are commodities signalling? Energy and gold are both carrying institutional information right now.
3. How does Warsh frame the mid-June meeting? The communication will matter as much as the decision.

Not predictions. Just the questions that tend to matter.

WEEK 2