Copper Fox Metals CEO: Presenting Exciting Opportunities Through Advanced-staged Copper Asset

“In 2019 and 2020, we’ve identified some value drivers, and those will be the ones that will be the focus of the 2021 program going forward,” Copper Fox Metals CEO Elmer Stewart said.

Copper Fox Metals (TSXV:CUU) CEO Elmer Stewart sat down to discuss updates on the company’s flagship Schaft Creek copper project in British Columbia, Canada.

Copper Fox intends to release its resource estimate on this advanced-stage project in early 2021. A Preliminary Economic Assessment will follow, which includes a significant amount of data from the 2013 feasibility study.

After years of fieldwork, laboratory testing and studies, the company is excited to reveal the significant advancements of Schaft Creek.

“In 2019 and 2020, we’ve identified some value drivers, and those will be the ones that will be the focus of the 2021 program going forward,” Stewart said.

Having a joint venture with mining giant Teck Resources (TSX:TECK.B,NYSE:TECK) allows the company to take advantage of Schaft Creek’s copper discovery potential while minimizing risks for the company as the non-operator within this partnership.

When discussing investment opportunities, Stewart expertly outlined what made Copper Fox a prime copper exploration project generator company worth looking into.

“We have a lot of resources on the books in two advanced-stage projects, and each of these projects have the potential to substantially increase their resource base through exploration,” Stewart said.

Watch the full interview with Copper Fox Metals CEO Elmer Stewart above.


This interview is sponsored by Copper Fox Metals (TSXV:CUU). This interview provides information which was sourced by the Investing News Network (INN) and approved by Copper Fox Metals in order to help investors learn more about the company. Copper Fox Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Copper Fox Metals and seek advice from a qualified investment advisor.

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Western Copper and Gold CEO: We’re Western Copper and Gold for a Good Reason

“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both a copper and gold perspective. So we’re Western Copper and Gold for a good reason,” shared Western Copper and Gold CEO Paul West-Sells.

Western Copper and Gold (TSX:WRN,NYSE:WRN) is currently sitting on a resource that’s composed of 21 million ounces of gold and 11 billion pounds of copper.

Western Copper and Gold CEO Paul West-Sells views this as a significant endowment for the company and its shareholders, as well as for Canada and the Yukon.

“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both a copper and gold perspective. So we’re Western Copper and Gold for a good reason. And that’s where the value is in the ground,” said West-Sells.

In June 2021, the company announced a positive preliminary economic assessment at its wholly owned Casino copper-gold-molybdenum deposit in the Yukon. Western Copper and Gold will conduct a feasibility study on Casino, and it is targeted to be completed by the second quarter of 2022.

“The other big push for us is to get the permitting going. We now have money in the bank, and we just hired a vice president of permitting to move the project. More importantly, we now have Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) as a strategic investor, which was the last piece that was really missing. This is a big project. A lot of ounces, a lot of pounds, a lot of upfront capital to get those out of the ground.”

Western Copper and Gold completed a brokered private placement for aggregate gross proceeds of $8,010,000 that will be used to fund “Canadian exploration expenses” and “flow-through mining expenditures.”

Watch the full interview of Western Copper and Gold CEO Paul West-Sells above.

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Novo Resources Executive Co-Chairman Michael Spreadborough: Well Financed to Bring Exploration Projects into Production

Novo Resources Executive Co-Chairman Michael Spreadborough said the company has a strong balance sheet to keep advancing its projects toward production.

Novo Resources (TSXV:NVO) recently announced it has intersected high-grade gold at its Talga Talga gold project and has accelerated the near-mine exploration program at its Nullagine gold project in Western Australia. Novo Resources Executive Co-Chairman Michael Spreadborough said the company has a strong balance sheet to keep advancing its projects towards production.

“We are sitting at approximately $50 million cash at the moment, (and) have a strategic investment portfolio that’s worth roughly C$150 million. Our balance sheet is very, very strong with enough horsepower to do the exploration work. We are in a very strong position to keep us moving forward,” he shared.

Novo Resources’ exploration program has been accelerated with additional funding of up to AU$2.5 million to support near-mine exploration. The amount is on top of the previously approved AU$12 million. Novo Resources is aiming to accelerate the delineation of targets in the Mosquito Creek Basin that have the potential to provide additional oxide mill feed to the Golden Eagle processing facility

“We like to play with innovation, we like to be leaders in some of the things that we’re doing. So we’re very focused on ore sorting. Innovation is a big focus in our culture. We’re putting over $15 million a year into exploration as we develop more targets to bring into production,” said Spreadborough.

“We’ve already found good gold discoveries, we’ll probably find more as we do more work. We’ve got the horsepower financially and we’ve got that ability. We’ve demonstrated now that we can take exploration projects all the way through to development and into production. We have the complete skill set. We think we’re in a good position right now to move the company forward,” he added.

Watch the full interview of Novo Resources Executive Co Chair Michael Spreadborough above.

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Azincourt Energy CEO Alex Klenman: Applying Artificial Intelligence to Uranium Exploration in the Athabasca Basin

“Nobody’s really applying artificial intelligence into the uranium exploration in the Athabasca, and so we might be a first mover,” said Azincourt Energy CEO Alex Klenman.

Azincourt Energy (TSXV:AAZ,OTCQB:AZURF,FWB:A0U2) CEO Alex Klenman discussed the company’s pioneering initiatives to bring artificial intelligence (AI), data mining and rapid algorithm work into mining exploration.

Azincourt Energy recently entered into an agreement with FOBI AI (TSXV:FOBI) to apply its established AI and applications “to support Azincourt’s goal of making discovery and delineating a resource at its East Preston uranium project,” according to a press release.

“Nobody’s really applying AI into the uranium exploration in the Athabasca, and so we might be a first mover. We’d like to embrace new technology and see how it can make us more efficient,” said Azincourt Energy CEO Alex Klenman.

According to Klenman, the ultimate goal is to utilize technology to allow Azincourt Energy to make discoveries more quickly, with less impact on the environment and with fewer dollars spent on drill holes and exploration initiatives.

The company recently closed the final tranche of a private placement worth $8 million, which will be used to fund the development of the East Preston uranium project. The flagship East Preston project covers over 25,000 hectares in the Western Athabasca Basin, Saskatchewan.

“We’re heading into our drill program in the winter, and we’re going to do 30 to 35 holes. We’re exceeding the entire pre-run here for four years. We have strong institutional support from funds, which allows us to get more aggressive. Our timing looks really good. We’re excited to be cashed up and doing our biggest drill program and the best market we’ve seen since 2011,” shared Azincourt Energy CEO Alex Klenman.

Watch the full interview of Azincourt Energy CEO Alex Klenman above.

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Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.

Top Stories This Week: Powell Gets Fed Nomination, Using Gold in a Market Correction youtu.be

We're back after a break last week with quite a bit to cover in the gold space.

After running up past the US$1,860 per ounce mark midway through November, the yellow metal has taken a tumble. At the time of this writing on Friday (November 26) afternoon, it was sitting just under US$1,790.

Gold's losses this week have been attributed to elements like a stronger US dollar and better Treasury yields, although Jerome Powell's US Federal Reserve chair renomination has pulled other factors into play — some market watchers believe he may move to taper and raise interest rates faster than anticipated.


If the Fed follows its previously laid out timeline for tapering, it will wrap up in mid-2022; the central bank has said it won't raise rates until after that. It has also emphasized that its roadmap may change if necessary.

Looking at the larger picture for gold, I heard recently from Nick Barisheff of BMG Group, who believes the stock market is due for a major correction.

"The market is due for a major correction. What will cause it and when it will happen is anybody's guess — it could be tomorrow, it could be six months from now" — Nick Barisheff, BMG Group

It's impossible to know when this correction will happen, but Nick emphasized the importance of acting before it's too late. He pointed out that investors are typically slow to get out of the market once a crash actually begins — they wait for a turnaround, and by the time it's clear there won't be one, they've experienced big losses.

In his opinion, the solution is to get out of the stock market early and transfer money into gold.

Here's how Nick explained it:

"Instead of taking your money off the table and going into cash … you go to gold (because cash is devaluing daily). Gold will at least hold its own and probably appreciate … so by sitting it out in gold you can wait until the market finishes correcting and then buy back in" — Nick Barisheff, BMG Group

With gold's future in mind, we asked our Twitter followers this week what price they think the metal will be at the end of 2021. By the time the poll closed, most respondents had voted for the US$1,800 to US$1,900 range.

We'll be asking another question on Twitter next week, so make sure to follow us @INN_Resource or follow me @Charlotte_McL to share your thoughts.

Finally, in the cannabis space, INN's Bryan Mc Govern spoke with Dan Ahrens of AdvisorShares to get his thoughts on 2021 trends and what's ahead in 2022.

Dan was candid, and said if he had to choose one word to describe the cannabis market in 2021, it would be "painful." Like many others, he's been disappointed in the industry's performance — while positivity initially ran high due to excitement about potential federal changes in the US, ultimately progress has been slow.

"Cannabis started with a big run-up in January and February ... and things dragged from there" — Dan Ahrens, AdvisorShares

Still, Dan has hope for 2022 and said it will be a "huge year" for cannabis. He believes US reforms will come sooner rather than later, and in his opinion those widely anticipated changes will bring a wave of M&A activity.

Specifically, he expects to see alcohol, tobacco and other consumer packaged goods companies making deals with cannabis players, not just cannabis entities doing transactions with each other.

"Those big alcohol companies, tobacco companies, other consumer packaged goods product companies — they're waiting. They're waiting on the US" — Dan Ahrens, AdvisorShares

Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.

And don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

cannabis plant layered with German flag graphic
Dmytro Tyshchenko / Shutterstock

Catch up on some of the biggest news of the week for the cannabis investment world.

Three political parties have formed a coalition in Germany, leading to a new government, and it has promised cannabis reform in the European nation.

Meanwhile, a popular cannabis retailer confirmed consumers will now find its products available for delivery on the Uber Eats mobile application in Ontario.

Keep reading to find out more cannabis highlights from the past five days.


Coalition of parties promises forward-looking cannabis policy

Germany, a country with comprehensive and elaborate medicinal rules for cannabis, is in a time of transition as a new government is set to begin to take over after 16 years of Angela Merkel.

Olaf Scholz, the proposed next chancellor of Germany, leads a three party coalition that will become the country's governing body. As part of its promises, talk of adult-use cannabis regulation has now gained even more momentum. A report from MJBizDaily quotes a German policy document that shows the coalition's stance:

"We are introducing the controlled distribution of cannabis to adults for consumption purposes in licensed shops. This controls the quality, prevents the transfer of contaminated substances and guarantees the protection of minors."

However, despite the promise and excitement, it remains to be seen how these ideas will be applied since no formal regulations have been drafted or approved yet.

Canadian cannabis retailer partners with popular delivery app

Tokyo Smoke, a cannabis retail operator in Canada owned by Canopy Growth (NASDAQ:CGC,TSX:WEED), announced a collaboration agreement with Uber Canada (NYSE:UBER) whereby cannabis consumers will be able to use the Uber Eats app to order products before they visit stores.

While the app won't let consumers get cannabis delivered to them, this new method opens the doors to more dynamic ways of buying cannabis.

"As a market leader in innovation and a platform used by so many Canadians, we believe this is the ideal next offering that can be done safely and conveniently on the Uber Eats app," Mark Hillard, vice president of operations with Tokyo Smoke, said in a press release.

A report from the Canadian Press indicates Ontario is considering allowing dispensaries to have delivery and pickup options made available to consumers permanently. The province allowed some of these purchasing options at the outset of the COVID-19 pandemic, but then removed them.

Lola Kassim, general manager of Uber Eats Canada, said this new end-to-end experience will provide consumers with responsible access to legal cannabis products.

Cannabis company news

  • Organigram Holdings (NASDAQ:OGI,TSX:OGI) issued financial results for its Q4 2021 period. In its report, the company notes a net loss of C$26 million despite a 22 percent uptick in net revenue to C$24.9 million. Beena Goldenberg, the newly appointed CEO of the firm, is encouraged by the market share position earned by the company, which said it became the fourth biggest producer in Canada during the reporting period.
  • Halo Collective (NEO:HALO,OTCQB:HCANF) confirmed the decision for Akanda, its spinoff company focused on international cannabis opportunities, to begin trading on a US exchange. "The number of shares to be offered and the price range for the proposed offering have not yet been determined," the company told investors in a press release.
  • High Tide (NASDAQ:HITI,TSXV:HITI) announced the acquisition of 80 percent of NuLeaf Naturals, a CBD product wellness developer, for an estimated US$31.24 million. The deal includes a three year option clause for High Tide to complete a total acquisition. "As international markets open up and as export regulations evolve, NuLeaf's cGMP-certified facility positions us to take advantage of the global CBD business opportunity," Raj Grover, president and CEO of High Tide, said.
  • Humble & Fume (CSE:HMBL,OTC Pink:HUMBF) released the financial report for its first 2022 fiscal quarter to shareholders and the market. "As the legal cannabis market in North America continues to mature, Humble remains agile and focused on providing a leading solution for brands to scale quickly and retailers to focus on their customers," Joel Toguri, CEO of Humble, said.

Don't forget to follow us @INN_Cannabis for real-time updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

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