Morning Briefing: Sitka Gold Drill Results and First Nordic Upsizes Financing

Sep 18, 2025

Discover the latest high-grade drill results from Sitka Gold and NexMetals, highlighting their promising findings. Ero Copper and Osisko Metals also make headlines with exciting developments. In a bold move, First Nordic Metals announces a significant upsizing of their financing for the merger with Mawson Finland, along with a 4-for-1 share consolidation. Tune in for all the vital updates from the mining sector!

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INSIGHT

Fed Rate Cut Shakes Precious Metals

The Fed cut rates by 25 basis points and signaled more cuts may follow, affecting gold and silver volatility.
Gold and silver swung intraday, with gold near $3,700/oz and silver above $42/oz during the update.

INSIGHT

Sitka Gold's Consistent High-Grade Discovery

Sitka Gold's Rosegobol intrusion shows consistent high-grade results across multiple drill holes.
Ten diamond holes returned >100 gram-meter intercepts over ~300m, with Hole 10 giving 235.9m at 1.11 g/t Au.

INSIGHT

NexMetals Confirms Deposit Scale

NexMetals' metallurgical drilling highlights scale and consistent copper-nickel-cobalt-PGE mineralization.
Reported holes include 201.3m at 0.91% CuEq and 85m at 0.98% CuEq to support metallurgical work.

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This morning we report the new drill results out from Sitka Gold, NexMetals, Ero Copper and Osisko Metals. First Nordic Metals have significantly upsized their financing for the merger with Mawson Finland.

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