Morning Briefing: M&A in Yukon Exploration with Cascadia Minerals
Good morning and welcome back to the Mining Stock Daily morning briefing. I’m Trevor Hall.
It's Monday, June 9th.
Gold closed last week down and is trading a bit lower still this morning to begin the week. The front month contract is currently trading at $3,367 an ounce. Silver is continuing its move from its breakout last week, currently up over another 1% from its weekly close. Its currently at $36.53/oz. And the outperformance continues today in PGMs with platinum up another 3 and a half percent to $1,202 an ounce and palladium up 3% to $1,074 per ounce. US Inflation data will come rolling in this week, which has become, once again, a highlight for macroeconomic watchers post-tariffs.
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…Revival Gold
Revival Gold is a pure gold, mine developer operating in the western United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com
And here’s what you need to know this morning…..
In Yukon, Cascadia Minerals will acquire all of the outstanding shares of Granite Creek Copper. The consideration will consist of 0.25 common shares in the capital of Cascadia for each one Granite Creek common share held. The Cascadia shares to be received by Granite Creek shareholders represent a value of $0.04 per Granite Creek share held based on Cascadia's closing price ending June 6, 2025. Thats a 48% premium based on Granite Creek's 5-day volume-weighted average trading price. The road-accessible Carmacks Project hosts a high-grade Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold. The 2023 PEA shows a $230.5 M Post-Tax NPV(5%) and 29% Post-Tax IRR. Strategic investor Michael Gentile is leading a supportive financing for the deal for up to $2.25M. (TSXV: CAM) (TSXV: GCX) News Release
Power Metallic Mines is acquiring the 168 KM2 in claims from LiFT Power, adjoining the Nisk-Lion polymetallic project. On closing, Power Metallic's land position will grow more than 300%. The purchase of the 100% interest in the claims requires a $700,000 cash payment to Li-FT and the issuance of 6,000,000 common shares of the Company. Li-FT will retain a 0.5% NSR on all acquired claims. (TSXV: LIFT) (OTCQX: LIFFF) (TSXV: PNPN) (OTCBB: PNPNF) News Release
ATEX Resources shared partial assay results for drill hole ATXD29A and full assay results for ATXD22C, the seventh and eighth holes from the Phase V drill campaign at the Valeriano Copper-Gold Project in Chile. Hole ATXD29A, targeting the high-grade B2B Zone, intersected 36 metres grading 3.05% copper equivalent within an interval of 536m of 1.04% CuEq from 732m downhole. Hole ATXD22C, an infill hole testing a gap within the existing porphyry footprint intersected 62m of 0.88% CuEq from 950m downhole, and 110m of 0.71% CuEq from 1,694m downhole. (TSXV: ATX) News Release
G2 Goldfields published new assay results from the Company’s ongoing drilling program in the greater OKO-AREMU district in Guyana. Today’s results are part of an ongoing program from a new discovery initially announced in March which lies 10km north of its existing gold resources at the Oko-Ghanie Deposit. Today’s results include 65m of 1.5 g/t au and 9.7m of 3.1 g/t in hole 18 and 70.5m of 1.8 g/t Au in hole 25. To date, the Company has completed 47 diamond drill holes totalling 6,439m in the New Oko Discovery Area. (TSX: GTWO; OTCQX: GUYGF) News Release
K2 Gold announced the company has appointed Chase Taylor-Robins to its Board of Directors. Mr. Taylor-Robins currently works in Corporate Development at Orezone Gold Corporation and was a member of the Corporate Development team at Great Bear Royalties, which was acquired by Royal Gold in 2022. (TSXV: KTO) (OTCQB: KTGDF) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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