Company Interviews

Interview with Stephen G. Roman, President & CEO of Global Atomic Corp.Our previous interview: https://www.cruxinvestor.com/posts/global-atomic-tsxglo-advancing-uranium-production-in-niger-6089Recording date: 4th September 2025Global Atomic Corporation presents a compelling uranium investment opportunity at the intersection of critical supply shortages and surging demand from both traditional nuclear power and emerging artificial intelligence infrastructure. The company's flagship Dasa project in Niger represents Africa's highest-grade uranium deposit, positioned to address America's severe uranium supply deficit of 45-46 million pounds annually.The Dasa project's scale cannot be overstated. CEO Stephen Roman emphasizes that the deposit will produce as much as every uranium mine combined in the US, highlighting its strategic importance to American energy security. With US utilities currently burning 50 million pounds a year while domestic production reaches only four or five million pounds a year when fully ramped, Dasa directly addresses this critical supply gap.The project benefits from exceptional market timing. Microsoft's recent joining of the World Nuclear Association exemplifies the sector's transformation, as Roman notes: "Tech now is getting involved with nuclear because they know that's the only way to power data centers and their development." This new demand from AI and data center infrastructure compounds existing supply constraints in an already undersupplied uranium market.Global Atomic has achieved significant progress on long-awaited financing, securing term sheets from both the US Development Finance Corporation (DFC) and an Eastern joint venture partner. The company's preference for the DFC arrangement has received substantial political backing under the Trump administration, with Secretary of State Marco Rubio now chairing the DFC and businessman Benjamin Black as CEO.Roman confirms the project has been basically blessed by the White House, the State Department and various others in the administration, representing a dramatic shift in US government support. This backing extends beyond rhetoric, with America recently sending delegations to the Sahel region to build relationships and address security concerns, directly benefiting projects like Dasa.Despite financing delays, construction continues with 700 workers on-site and earthworks nearing completion by November 2025. The project has advanced to the third of five mining levels, with civil construction now underway. Production is scheduled for Q1 2027, placing Global Atomic among the rare near-term uranium producers in an undersupplied market.The company has already invested approximately $250 million, satisfying the DFC's 40% capital contribution requirement for their 60% loan facility. Current financing needs of $250-270 million have been reduced due to this prior investment, making the project more manageable for potential partners.Global Atomic has secured substantial revenue certainty through US utility offtake contracts representing 90% of production. This customer concentration supports both cash flow predictability and US strategic interests in uranium supply security.The investment opportunity is amplified by Niger's improved regulatory environment, with the new mineral code reducing royalties from 12% to 7% while maintaining favorable overall terms. The company's 97-98% local workforce employment strengthens government relations during regional political transitions.With share prices declining from $5 to $0.50 during geopolitical instability, patient investors may find significant value in a strategic asset approaching production in an fundamentally undersupplied uranium market driven by both traditional nuclear demand and emerging AI infrastructure requirements.View Global Atomic's company profile: https://www.cruxinvestor.com/companies/global-atomic-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Stephen Twyerould, President & CEO of Gunnison CopperRecording date: 25th August 2025Gunnison Copper (TSX:MIN) is set to begin copper cathode production in September 2025 through its Johnson Camp mine in southeast Arizona. This near-term production is enabled by an innovative partnership with Nuton LLC, a Rio Tinto venture, which has invested over $100 million to finance construction and provide advanced sulfide leaching technology. The Johnson Camp facility is designed to reach an annual production capacity of 25 million pounds of copper by mid-2026. Gunnison retains 100% ownership and operational control, with the partnership structured to repay Nuton's investment over a 4-5 year period before Gunnison obtains full profit rights.Beyond immediate production, the company benefits from Nuton’s technical expertise, gaining valuable knowledge in sulfide leaching technology that can be applied to its larger Gunnison open pit project. The Gunnison project, which completed a Preliminary Economic Assessment in late 2024, showcases robust economics with a post-tax net present value (NPV) of $1.3 billion, an internal rate of return near 21%, and a production profile of 170 million pounds annually over 18 years. This large open pit operation primarily processes oxide copper with an all-in sustaining cost of approximately $1.94 per pound, providing strong cash flow potential amid current copper prices above $4.00.Gunnison Copper is strategically positioned as a domestic US supplier, attracting government attention with $13.9 million in transferable 48C tax credits from the Department of Energy and unsolicited outreach from federal agencies emphasizing supply chain security. The company is also advancing several initiatives to enhance project economics, including byproduct valorization from gravel and limestone—currently accounted at zero value—and mineral sorting technologies aimed at reducing operating costs.With an established regulatory framework, proximity to rail infrastructure, and a clear timeline to prefeasibility studies in 2026, Gunnison Copper exemplifies a junior miner transitioning to production with a de-risked development path and strong strategic alliances in place, addressing both near-term outputs and long-term growth potential in the US copper market.View Gunnison Copper's company profile: https://www.cruxinvestor.com/companies/gunnison-copperSign up for Crux Investor: https://cruxinvestor.com

Interview with Dev Randhawa, Chairman & CEO of F3 Uranium Corp.Our previous interview: https://www.cruxinvestor.com/posts/f3-uranium-tsxvfuu-makes-fourth-high-grade-discovery-in-athabasca-basin-7010Recording date: 4th September 2025F3 Uranium represents a compelling investment opportunity positioned at the convergence of artificial intelligence-driven energy demand and a tightening uranium supply market. The company's recent fourth discovery at the Tetra Zone in Saskatchewan's prolific Athabasca Basin demonstrates the continued execution capability of a management team with an exceptional billion-dollar track record.The F3 team has delivered consistent results across multiple uranium cycles, having discovered Waterbury at F1 (sold to Denison) and Triple R at F2 (acquired by Paladin for $1 billion). This track record provides investors with confidence in the team's ability to identify, develop, and monetize significant uranium discoveries in one of the world's most prolific uranium districts.The Tetra Zone discovery shows immediate promise with 0.4% U3O8 grades identified at both ends of the conductor system. Located just 12 kilometers from NextGen and Paladin operations, the discovery benefits from established infrastructure and geological knowledge while maintaining significant expansion potential. The systematic exploration approach, utilizing ground geophysics every 200 meters, demonstrates capital efficiency and technical sophistication in targeting high-grade zones.The uranium sector is experiencing a fundamental transformation as major technology companies commit billions to nuclear energy infrastructure. Microsoft's entry as the newest World Nuclear Association member signals corporate recognition that AI data centers require consistent, scalable baseload power that only nuclear can provide. Amazon's $500 million SMR commitment and Meta's nuclear positioning underscore the scale of corporate investment flowing into the sector.Critical supply constraints are emerging as uranium producers globally struggle with technical challenges and cost inflation. With 3.5 billion pounds of uranium uncontracted through 2035 and widespread production guidance downgrades, the market faces a structural deficit. Even optimistic US domestic production scenarios suggest only 10 million pounds annually against 50 million pound requirements, ensuring continued dependence on Canadian suppliers.F3 maintains strict financial discipline during challenging market conditions, reducing recent funding to $6 million versus $15 million previously to minimize shareholder dilution. The company's strategic drilling pause to optimize targeting through detailed geophysics contrasts favorably with competitors who continue expensive drilling without proper vectoring. This approach preserves capital while maximizing discovery potential.Current uranium spot prices around $70 offer attractive entry points compared to institutional price targets exceeding $100. F3's multiple discoveries and experienced team create an appealing acquisition profile for larger uranium companies seeking project pipelines, similar to Paladin's strategy of building discovery portfolios. The company offers concentrated exposure to uranium sector recovery with lower operational risk than producing companies.F3 Uranium combines proven management execution, strategic asset location, and exposure to transformational demand drivers in a capital-efficient package. With the nuclear renaissance driven by AI energy requirements and supply constraints tightening globally, F3 is positioned to deliver significant value creation for investors willing to capitalize on this generational opportunity in uranium markets.View F3 Uranium's company profile: https://www.cruxinvestor.com/companies/f3-uranium-corpSign up for Crux Investor: https://cruxinvestor.com

Interview with Rafael Moreno, Managing Director & CEO of Viridis Mining & MineralsRecording date: 2nd Sept 2025Viridis Mining & Minerals (ASX:VMM) is advancing the Colossus ionic clay rare earth project in Brazil’s Minas Gerais state, focused on producing high-value rare earth elements neodymium, praseodymium, dysprosium, and terbium (NdPr-DyTb) with very low radioactive content. The project benefits from simple free-dig mining of shallow deposits and straightforward atmospheric-pressure processing, enabled by a unique ionic clay geological formation. These factors contribute to superior economics, with a pre-feasibility study (PFS) estimating a net present value (NPV) of US$1.41 billion and annual operating cash flow around US$200 million at current rare earth prices.Colossus’s grades are 4 to 6 times higher than comparable Chinese projects, supporting competitive costs even at lower commodity prices. Regulatory advantages include a radiological exemption from Brazil’s nuclear regulator, which keeps environmental approvals at the state level rather than federal, accelerating permitting timelines from years to weeks. The project also features strong environmental credentials, with 100% renewable power, 75% water recycling, and immediate site rehabilitation.Financing momentum is strong, with up to US$30 million committed from leading Brazilian asset managers and ongoing discussions with Brazil’s development bank BNDES. Offtake talks span Brazil, Europe, and North America, positioning Colossus as a globally relevant supply source. Near-term milestones include imminent environmental approval, a demonstration plant operational by Q1 2026, mineral resource updates by mid-2026, and a definitive feasibility study (DFS) by June 2026.Led by CEO Rafael Moreno, with deep project execution experience, Viridis is developing Colossus to meet growing global demand driven by electric vehicles, renewable energy, and supply chain diversification concerns. The project’s combination of high-grade ore, regulatory fast-tracking, operational simplicity, and sustainable practices create a compelling investment thesis for establishing a non-Chinese rare earth supply focused on permanent magnets, with a potential 60-year mine life ensuring long-term value and market resilience.View Viridis Mining & Minerals' company profile: https://www.cruxinvestor.com/companies/viridis-metals-miningSign up for Crux Investor: https://cruxinvestor.com

Recording date: 2nd September 2025Derek Mcpherson and Sam Pelaez of Olive Resource Capital recently detailed their institutional approach to junior mining investments, emphasizing both defensive portfolio management and offensive opportunity identification ahead of major industry conferences.The investment team reported strong performance across core holdings, validating their defensive thesis. Their largest position, Omai Gold Mines, delivered a substantial resource update exceeding 5 million ounces at grades above 1.5 grams per ton, which they characterized as a "global moon stage" asset. This investment originated from a Beaver Creek conference decision two years prior, where they identified resolved management issues and subsequently acquired shares below 5 cents.Strategic developments strengthened other portfolio positions. Aurion Resources secured a 9.9% strategic investment at 80 cents per share while trading near dollar levels, positioning for potential M&A activity while funding aggressive drilling at the Kaaresselkä project. Elemental Altus Royalty, backed by Tether's majority ownership, deployed its entire cash balance and credit facility for acquisitions in West Australia and Africa, demonstrating the execution capabilities that initially attracted investment.Olive Resource Capital's investment philosophy centers on identifying fundamentally undervalued assets trading below intrinsic worth due to market inefficiencies in junior mining's specialized market. They distinguish between "cheap" and "undervalued," noting many assets represent value traps despite appearing inexpensive. Critical to their process is evaluating management teams with structured 12-36 month execution plans capable of closing valuation gaps.The team explicitly avoids momentum investing and crowded trades, citing Barrick Gold as an example they've avoided despite underperformance. Their contrarian approach extends to conference dynamics, where universally pitched stories often end up on their avoid list.Looking forward, they target three categories: turnaround opportunities in operating companies, cash-flow positive producers with discoveries, and restart projects addressing previous operational failures. The upcoming Beaver Creek and Denver conferences represent critical opportunities for validating current thesis work and identifying new investments.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Thomas Abraham-James, President & CEO of Pulsar Helium Inc.Our previous interview: https://www.cruxinvestor.com/posts/pulsar-helium-tsxvplsr-high-grade-us-discovery-nears-production-6551Recording date: 2nd September 2025Pulsar Helium Inc. (TSXV:PLSR) is developing one of North America's most promising primary helium projects, with its flagship Topaz operation in Minnesota demonstrating exceptional concentrations of up to 14.5%. This figure dramatically exceeds the industry standard of 0.3% for economic viability, positioning the company uniquely in the critical materials sector.President and CEO Thomas Abraham James emphasizes the significance of these concentrations: "To give that some idea of context, you could think of helium as a bit like precious metals. That grade is king. 14.5% is just incredible. It's off the charts." The high-grade resource reduces processing complexity and infrastructure requirements while providing substantial margin potential.The company has secured preliminary debt financing of $12.5 million from a Michigan bank and partnered with Chart Industries for processing plant design. Capital requirements remain modest, ranging from $12 million to $60 million depending on scale. Pulsar's dual revenue strategy targets both helium sales directly to end users and CO2 distribution, capitalizing on regional supply constraints in Minnesota.Beginning in late September 2025, Pulsar will drill up to 10 additional resource wells through Q1 2026 to upgrade prospective resources and prove reservoir scale. The wells will provide critical pressure, flow, and composition data for resource calculations. Management targets development readiness by mid-2026, with plant construction requiring 12-18 months thereafter.The company recently expanded its land position 35 kilometers west of Topaz through an all-share acquisition, extending prospects another 150 kilometers. This expansion demonstrates management confidence in the geological model while preserving cash for core development activities.Pulsar's positioning addresses structural helium market challenges, where current production relies almost exclusively on natural gas byproducts. James notes: "What we're seeing is that with increased demand out there just the world's seeing just how truly fragile the helium supply chain is." The company's primary production model offers supply flexibility that semiconductor and high-tech industries increasingly require.View Pulsar Helium's company profile: https://www.cruxinvestor.com/companies/pulsar-heliumSign up for Crux Investor: https://cruxinvestor.com

Interview with Bruce Lane, Executive Director & CEO of American UraniumOur previous interview: https://www.cruxinvestor.com/posts/us-uranium-sector-gains-under-pro-nuclear-push-7164Recording date: 3rd September 2025American Uranium Limited (ASX:AMU), formerly GTI Energy Ltd, has strategically repositioned itself to capitalize on America's uranium supply crisis through its flagship Lo Herma project in Wyoming. The company's recent rebranding reflects a clear focus on developing in-situ recovery (ISR) uranium assets, with CEO Bruce Lane emphasizing the need for clarity in the company's mission amid growing industry momentum.The Lo Herma project serves as the foundation of American Uranium's development strategy, containing 8.57 million pounds of uranium resources with 32% classified as indicated resources. Located within Wyoming's proven uranium-producing geology, the project benefits from established infrastructure and decades of regional operational experience. The company has completed comprehensive technical work including mine unit location, central processing plant evaluation, and metallurgical testing, positioning the asset for potential commercial development.A strategic partnership with Snow Lake Resources through a 9.9% investment provides American Uranium with capital and board representation while maintaining operational independence. The partnership creates natural synergies, as Snow Lake maintains adjacent properties where geology extends into American Uranium's holdings, offering potential for future collaboration and enhanced scale.The company's growth strategy focuses on expanding the Lo Herma resource beyond 10 million pounds through systematic exploration, recognizing that scale drives investment attractiveness. This approach leverages proven geological understanding while addressing commercial realities in capital markets.Market fundamentals strongly support American Uranium's timing, with US domestic production remaining below one million pounds annually while demand surges from AI data centers, electrification initiatives, and nuclear plant restarts. Established ISR producers are still ramping operations after extended shutdowns, creating supply constraints just as electricity demand accelerates.Industry consolidation opportunities present additional value catalysts, as established producers like UR Energy and Encore Energy seek additional resources to fulfill long-term contracts. Such partnerships could validate American Uranium's technical approach while providing operational expertise.The investment thesis centers on strategic positioning within proven geology, clear supply-demand fundamentals, and multiple value catalysts including resource expansion and potential industry consolidation, positioning American Uranium at the forefront of America's uranium supply revival.View American Uranium's company profile: https://www.cruxinvestor.com/companies/gti-energySign up for Crux Investor: https://cruxinvestor.com

Interview with Keith Boyle, CEO of New Found Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/new-found-gold-tsxvnfg-all-known-questions-answered-august-2025-7640Recording date: 26th August 2025New Found Gold has secured significant additional backing from Eric Sprott, who invested an additional $20 million through a private placement expected to close by the end of August. This investment increases Sprott's ownership from 19% to 23%, officially making him a "control person" following shareholder approval at the company's recent annual general meeting. Combined with the $63 million bought deal completed in May, New Found Gold now has substantial financing to execute its development plans through next year.The company has also strengthened its board with the addition of Tamara Brown, a seasoned mining executive with experience at Superior Gold and Orla Mining, and currently with Oberon Capital. CEO Keith Boyle emphasized Brown's strategic thinking abilities and comprehensive understanding of mining operations, capital markets, and investor relations, describing her diverse background as valuable for advancing the company toward production.Operationally, New Found Gold remains laser-focused on achieving cash flow as quickly as possible from its high-grade deposit. The company is currently conducting resource upgrade drilling, which was temporarily paused due to regional fire risks but has since resumed following recent rainfall. Parallel efforts include advancing permitting activities and baseline environmental work in preparation for submitting their environmental assessment application early next year.The development timeline positions 2025 as the key permitting and financing year, with early construction work planned, leading to full construction beginning in 2027. Management reports strong institutional support for this accelerated development strategy, with over 10% of shares represented at the recent shareholder meeting and positive feedback from both existing and prospective institutional investors. The strategic shift from exploration to rapid development continues to resonate well with stakeholders who support the company's focus on near-term cash generation.—View New Found Gold's company pprofile: https://www.cruxinvestor.com/companies/new-found-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Richard Young, President & CEO of i-80 Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/i-80-gold-corp-iau-explore-develop-mine-au-ag-zn-pb-in-nevada-3037Recording date: 25th August 2025i-80 Gold (TSX:IAU) is executing an ambitious transformation from minimal production to becoming Nevada's next significant gold producer, targeting 600-700,000 ounces annually within six years. The company holds 14 million ounces of gold resources and over 200 million ounces of silver across four past-producing Nevada properties, positioning it among the state's largest resource holders.Under President and CEO Richard Young's leadership, i-80 Gold is leveraging a strategic advantage by restarting proven assets rather than developing greenfield projects. Young brings substantial credibility through his experience at Barrick Gold and successful track record taking Teranga Gold from small producer to 500,000-ounce annual operation. "It's not very often that any management group has the opportunity to work with tier one assets in a tier one jurisdiction to create a new mid-tier gold producer," Young notes.The company's three-phase development plan centers on systematic asset restart with significantly reduced execution risk. Phase 1 targets 150-200,000 ounces by 2028 through underground operations at relatively low capital intensity of $40 million per portal development. The self-funding model generates $200-250 million cash flow to finance Phase 2, reaching 300-400,000 ounces by 2030.i-80 Gold completed a $175 million equity raise in Q2 and is arranging $400 million debt financing to fund the $800 million development plan through 2030. The company benefits from Nevada's homogeneous geology, existing infrastructure, and established permits, while operating one of only two autoclaves in the state.The flagship Mineral Point project anchors Phase 3, potentially delivering 350,000 ounces over 20 years. Despite current market valuation around $500-600 million, management's internal assessment suggests $6 billion value following feasibility studies, highlighting significant upside potential as the company systematically executes its Nevada-focused growth strategy.View i-80 Gold's company profile: https://www.cruxinvestor.com/companies/i-80-goldSign up for Crux Investor: https://cruxinvestor.com

Interview with Mike Sieb, President & Director of Getchell Gold Corp.Recording date: 20th August 2025Getchell Gold Corp (CSE:GTCH) has transformed from a debt-burdened explorer into a financially robust developer with one of Nevada's most promising gold projects. The company's Fondaway Canyon Gold Project now hosts a substantial 2.3 million ounce resource at attractive grades of 1.3-1.5 grams per ton, representing more than double the original historic resource acquired in 2020.The project's economics demonstrate compelling fundamentals through a preliminary economic assessment showing over 50% internal rate of return. The proposed operation would process 8,000 tons per day through conventional open-pit mining, producing 117,000 ounces annually over 10.5 years with operating costs of $1,200 per ounce and capital expenditure requirements of $220 million.Located in Nevada's premier gold mining district between the established Carlin and Walker Lane trends, Fondaway Canyon benefits from proven geology and existing infrastructure. Three processing facilities within 200 miles provide ready markets for the project's conventional sulfide concentrate, while favorable local regulations support development in Churchill County.President Mike Sieb's team has achieved exceptional drilling success, with all 26 recent drill holes intersecting significant mineralization. "By the end of that program I was saying okay well I'm expecting to hit gold and not very many people can say that," Sieb noted, highlighting the geological consistency of the deposit.The company has systematically strengthened its balance sheet, eliminating 95% of outstanding debt while maintaining $5 million cash and $10 million in in-the-money warrants. This financial flexibility supports an aggressive drilling program targeting resource expansion toward 3 million ounces, with an updated economic study planned for Q2 2026.With only 25% of the four-kilometer gold corridor explored to date, Fondaway Canyon represents significant district-scale potential in one of North America's most prolific gold-producing jurisdictions.View Getchell Gold's company profile: https://www.cruxinvestor.com/companies/getchell-gold-corpSign up for Crux Investor: https://cruxinvestor.com