SPX 500 More new all time highs
Greetings -The venerable SPX 500 continues to chug slowly northward, making new all time highs and refusing to correct more than a fraction at a time. It is very unusual behaviour, resulting More »
Carlton Precious Metals – CPI.V (OTC-NBRFF)
We are now following Carlton Precious Metals Inc., formerly known as Nubian Resources Ltd. Trading symbol is CPI.V. Headquartered in Toronto this company is led by a very successful management team with More »
Appia Rare Earths and Uranium Corp. in Brazil
(CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) Appia Rare Earths and Uranium company continues to report quite astonishing results from their PCH Property located in the state of Goias More »
“Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API, OTCQX: APAAF, Germany: “A0I0.F”, “A0I0.MU”, “A0I0.BE”) is excited to announce the release of assay results from 2022 diamond drilling of More »
Critical Minerals Institute Summit- Wed Nov, 2022
Critical Minerals Institute, or CMI The next Critical Minerals Summit hosted by the CMI is scheduled for Wednesday, November 9, 2022, in Toronto, Canada. -Corporate sponsors are listed here, Critical Minerals Institute link -This promises to More »
PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX)
PTX Metals Inc. is based in Toronto, Canada headed by CEO Greg Ferron. 
Mr. Ferron is a highly experienced executive who is well known in the Bay Street community and has experience with financing under the banner of large corporations as well as director and CEO experience with junior exploration companies. This includes senior level roles at Laramide Resources Ltd., Treasury Metals Inc., Fancamp Exploration, Omai Gold Mines, TMX Group and Scotiabank. Mr. Ferron currently holds over 3 million shares in PTX. Obviously when management holds a substantial position in their own company this is inspiring to shareholders.
PTX Metals has a primary listing on the TSX Venture Exchange under the symbol PTX. The Company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.
PTX is focusing on 2 flagship properties located in northern Ontario which is known as a prolific mining territory with a co-operative jurisdiction and world class discoveries. The projects are the W2 Cu-Ni-PGE and Gold Project and the South Timmins Gold Joint Venture Project.
“…focused on high-quality strategic metals assets in northern Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs discovery. ”
PTX METALS PROPERTY PORTFOLIO:
- W2 (Copper-Nickel-PGE)
- The W2 Copper-Nickel-PGE and Gold Project is comprised of 1,122 cell units covering 22,094 ha (220 km2) in an area of world-class geological targets near Ontario’s Ring of Fire. W2 controls a significant part of the “Oxford Stull Dome Complex”, including the mineral-rich and under-explored, layered mafic-ultramafic Lansdowne House Igneous Complex (“LHIC”), which is highly prospective for copper-nickel (Cu-Ni), platinum group element (PGE), and chromite deposits.
- W2 is located approximately 475 km northeast of Thunder Bay, 60 km southwest of Ring of Fire Metals’ Eagle’s Nest Mine, and 50 km from the future Webequie Supply Road which will provide a year round connection between the Ring of Fire and the provincial highway network within 5 years. Current access to the project is by winter road originating in Pickle Lake.
- W2 Project Property Map
____________________________________________________________________ - Shining Tree Gold Project
The Shining Tree Project is a district-scale gold property. It covers a large section of the Ridout Tyrrell deformation zone (RTDZ) which trends as far west as Newmont’s Borden Mine, through the area of IAMGOLD’s Cote Gold deposit, and across Aris Gold’s Juby Project.
- Property includes one historical gold producer and over 30 underground developments and prospects.
- Drill hole HU89-08 intersected 35.4m grading 1.1g/t Au
PTX METALS ROYALTY PORTFOLIO:
Ontario
PTX is developing a net smelter return (NSR) royalty portfolio and currently holds royalties on the following early-stage gold, PGE, and base metal properties.
- Big Trout Lake (PGE-Ni-Cu-Cr): 2.5% NSR on 12,080 acres.
- Tib Lake (PGE): 0.5% NSR on 4 legacy claims held by Lac des Iles Mines Ltd., a wholly-owned subsidiary of North American Palladium Ltd., covering the Tib Lake intrusion.
- MacMurchy Township (Au): 1% NSR on 33 legacy claims in Shining Tree area held by Golden Harp Resources.
- Ring of Fire (Au-Ni-Cu-PGE-Cr): 1% NSR on 23 cell claims in Ring of Fire area held by Aurcrest Gold Inc.
- 1% NSR on Muskrat Dam Critical Minerals Project following GCC earn-in.
- 1% NSR on Scattergood project owned by Heritage Mining
- 1% NSR on the Muskrat Dam Critical Minerals Project
Chile
Sonia-Puma (Au-Cu): 2% NSR on Sonia-Puma claims held by Newmont.
___________________________________________________________
Overall PTX Metals is a very well positioned exploration company with a lot of experienced management at the helm.
The jurisdiction of northern Ontario is excellent and the timing in the market really could not be any better. The current market
cap is just over $12 million (cad) with the shares outstanding at just under $119 million.
The future is looking very bright for PTX Metals and we hope you will stay tuned for more information on this exciting exploration company!
SPX 500 More new all time highs
Greetings -The venerable SPX 500 continues to chug slowly northward, making new all time highs and refusing to correct more than a fraction at a time. It is very unusual behaviour, resulting in more than a 30% increase in a scant 3 1/2 months. This is really quite astonishing and is by now chasing all the bearish oriented investors out of their positions ala a water torture routine presumably.
It really makes one suspect there is a hand that controls the markets since it seems so unlikely to never have any corrections of significance in over 100 days of trading. Quite remarkable even taking into consideration that summertime often brings lower volumes in the markets.
However for whatever reason it keeps cruising higher almost every day, or around 75% of the time at least and the VIX which signals volatility or lack thereof keeps dropping into historically low territory.
What is going to be the catalyst? Will it be the beginning of August when the somewhat ubiquitous and onerous U.S. tarriffs kick in?
Or will it be granny finally decides she has had enough and starts to take profits?
Stay tuned and we will will see what tomorrow brings…
Carlton Precious Metals – CPI.V (OTC-NBRFF)
We are now following Carlton Precious Metals Inc., formerly known as Nubian Resources Ltd.
Trading symbol is CPI.V. Headquartered in Toronto this company is led by a very successful management team with bragging rights to having discovered one of the largest undeveloped silver deposits in the world, the Navidad deposit located in Patagonia Argentina. Notably, insiders own about 1/3rd of the shares.
MISSION
Carlton is focused on the exploration and evaluation of precious and base metals properties. They are involved in projects in Canada, Australia, Peru and the United States. Their primary focus is on gold, silver, lead, copper and zinc deposits. The company’s project portfolio includes Esquilache Polymetallic, Yandoit, Fosterville East, and the Mathinna and Lefroy projects.
-The company has a silver project in Peru called the Esquilache Polymetallic Project (approximately 1600 hectares of claims) which is a walk-on drill ready situation. Given the current silver price looks like it is about to burst through the roof, we believe that this property is going to be a main focus of management and investors.
Just west 20 miles is the San Gabriel Gold property which is soon to go into production. While this is no guarantee of a silver production scenario at Esquilache, it is worth realizing that Esquilache is located in the same mineralized belt known as the “Cordillera Occidental’.
(From their website)
“The Esquilache Project is located in the Puno region in southeastern Peru. It is located approximately 850 kilometres (km) southeast of the capital city, Lima, and 40 km southwest of the city of Puno. The Project consists of two mining concessions, Esquilache 1 and Esquilache Volveremos 12, covering an area of 1,600 hectares (ha).
The principal modern operators were the Williams Syndicate who operated the mine from 1926 to 1949 and Hochschild Mining who operated from 1950 to 1962, processing 200–400 tonnes per day (t/d) of ore from underground mining of veins in the Cerro Creston zone. Unsubstantiated partial records indicate production on the order of 10 million ounces of silver with lead and zinc.”
FINANCING
The company recently raised a non-brokered placement of approximately $1.6 million (cad). They are now ready to time their exploration season with worldwide interest in the hottest silver market which we have seen for a number of years. Silver price has currently broken out to more than $38/oz (usd). Silver price continues to make new highs following golds meteoric rise of the past year or so.
-Many experts including noted billionaire investor Eric Sprott claim that the silver to gold ratio is still very low having just risen from historically low levels over the past year or so. Given the backdrop and the interest in silver exploration companies plus the renewed interest in junior exploration companies after a long drought of over a decade, Carlton precious metals finds itself in a very advantageous situation.
Headed up by a highly experienced management team which as we noted earlier has already found one of the largest undeveloped silver deposits in the world namely Navidad, this bodes well because in mining exploration experienced management is likely the number one crucial factor for success. We will be following closely please stay tuned…
Where is gold price headed?
Its April 2025 and gold is hitting all time highs day after day! Who knew? Obviously someone
knew, collectively or solo, and now everyone knows. Gold is now one of the best performing assets over the past 25 years after trading under an astonishing $300.00 per ounce back at the turn of the century.
Many times there doesn’t seem to be much rhyme or reason to asset and commodity prices until after the fact and the meteoric rise of the gold price is causing a lot of people to scratch their heads, however here we are.
The next question is which companies are still a bargain in order to make some profit from golds explosive rise? Some people are buying the senior gold mining companies and some are waiting for silver to follow and positioning themselves in silver companies. Some people are taking a very close look at gold juniors since they can be very profitable if you happen to have a substantial position at the right time in the cycle.
As we can see from the XAU/GOLD chart below the correlation between gold miners and gold has been much much higher than the current level. So will the general public discover gold miners and pile in and take their share prices back to the lofty historic levels? There are always value seekers so we shall see.
There are many opportunities and couple juniors we have owned for a number of years, Amex Exploration Inc. (AMX.V) and GTWO Resources (GTWO.TSX) .
Both companies have discovered substantial deposits of gold, AMX in Quebec and GTWO in Guyana. AMX has a glitch when they released their MRE since the estimate was lower than they had been hoping for and the market had been suggesting. However they have charged on and the interest seems to have picked up very recently with volumes and price both increasing.
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GTWO has been on a steady uptrend for the past year as their discoveries keep getting larger and investors can see that Anglogold has been steadily buying in the open markets.
Both of these juniors are looking healthy and seem to have more upside and possibly substantially more upside as the price of gold continues to rock and roll!
Stay tuned…
Thumzup Media Corporation
The Power of Trust
A recent Nielsen report found more than 80% of consumers believe friends and family are the most reliable sources of information about products [1]. The Thumzup® Platform makes it easy for consumers to earn money recommending the products they love to their friends and followers.
—————
Thumzup Launches Video Capabilities and
Integration with Instagram Reels
“With an audience of over 726 million unique users, Instagram Reels’ provides enormous reach and engagement [1] . We expect Thumzup’s Instagram Reels integration will be transformative for our community, advertisers, and shareholders.”
– Thumzup Chief Executive Officer Robert Steele
We will be attending a presentation on the company in the near future and will be back to update readers with more details so please check back through the week!
Uranium Night – PDAC 2025
Uranium Night will be happening again this year on March 03, 2025 at the ‘Lucky Clover’.
–The Lucky Clover Sports Pub is located at 17 Lower Simcoe, Toronto Ontario.
This is located very close to the Metro Convention Center where the PDAC is hosted.
Uranium night is a premier networking event hosted by 10 publicly traded uranium exploration companies featuring complimentary drinks and food plus live entertainment.
-It is an invite event however if you are involved in this sector of the mining industry you may already know about it or you may be able to get an invite. Definitely worth a visit in our opinion.
Gold Hitting New All Times Highs in 2025!
Gold has been hitting new all-time highs in early 2025 due to several key factors. Central banks worldwide are aggressively buying gold, reducing reliance on the US dollar amid geopolitical tensions. The US Federal Reserve’s shift towards cutting interest rates makes gold more attractive compared to yield-bearing assets. Inflation concerns continue to drive investors to gold as a hedge.
-Additionally, global economic uncertainty and potential US policy changes under President Trump, including tariffs and spending, add to the bullish sentiment. These elements combined suggest a strong demand for gold, pushing prices to historic levels as forecasted by various analysts.
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China – Approximately 370 metric tons.
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Russia – Around 310 metric tons.
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Australia – Also around 310 metric tons.
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Canada – Approximately 200 metric tons.
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United States – Around 170 metric tons.
PDAC 2025 -Prospectors and Developers Association Annual Convention
It is that time again! A most important time of the year for investors in the thousands of companies involved in the mineral exploration and mining business globally.
With the many transitions in communications, finance, currencies, transportation and other crucial industries the spotlight on mineral discoveries has arguably never been more prominent than in 2025.
The 2025 Prospectors and Developers Association Convention (PDAC) is the landmark event for the global mineral exploration and mining industry, scheduled from March 2-5 at the Metro Toronto Convention Centre. This 93rd annual convention, renowned as the world’s premier gathering of its kind, will host over 1,100 exhibitors and attract nearly 30,000 attendees from over 135 countries.
With cutting-edge programming, a world-class trade show, and unparalleled networking opportunities, PDAC 2025 aims to foster innovation, collaboration, and investment in the sector. This year’s convention promises to spotlight critical issues like sustainability, indigenous engagement, and emerging market trends.
The many hospitality suites generate lasting memories for geologists from around the world who may only get to see each other at annual events such as this. The size and scope of these events can indeed be a barometer of how well the industry is doing at the time.
So for many investors in these companies it is a chance to reconnect with management andwe expect this year to be no different, please enjoy safely!
Register before Feb 07, 2025 for discounted rates.
Editor,
The Canadian Junior Report
TARRIFFS 2025!
North America is all in a tizzy with the recent unexpected tarriffs announcement by the white house.
What effect could this have on Canadian exploration and mining companies? This could be serious or it could be ignored since metals are such a necessary part of our economy and national security issues.
-Notwithstanding the fact that Canada actually burned down the white house back in 1812, (at least once??) it is no less uncomfortable to have to deal with this issue yet again.
Once of the reasons is that a legal trade agreement was signed by leaders Trudeau, Trump and then Mexican president Enrique Pena Nieto. This agreement which goes by the anacronym USMCA was signed in 2018 after what was referred to as ‘bitter’ trade talks.
At any rate this agreement is now being ignored by Trump in what Liberal party candidate for prime minister Mark Carney is calling a ‘clear violation of our trade agreements’ and ‘require the most serious trade and economic responses in our history.’
Some are saying this is a negotiating tactic Trump is using and the tarriffs may not even make it into practice although the executive bill has been signed already. At issue is the transport of fentanyl across borders which is killing hundreds of thousands of Americans, a truly awful situation.
The reality of available numbers show that Canada is responsible for less than 1% of the fentanyl entering the United States, and in fact the flow of illegal guns and drugs from the United States into Canada is likely a much much larger problem for Canada with many fentanyl deaths here also.
At any rate Trump has grabbed the headlines but Canada is not backing down citing the implementation of their own powerful set of tarriffs aimed at the U.S.
Ongoing talk is happening on this Feb 03, 2025 and should illuminate how this is going to pan out moving forward.
Apparently 3 pm today (Feb 03/2025) is when Trudeau and Trump will be speaking again.
Talks and a deal have apparently been worked out with Mexico to delay the tarriffs for one month with Mexico providing additional security at their collective border.
Stay tuned!
Gold and Silver Price Breakouts
It has finally happened, silver has broken out past the Feb 2021 high after a long pullback and consolidation. Gold has broken out weekly gold chart to new all time highs of course as everyone who follows the sector knows by now. This happened back in April 2024 and price per ounce has been appreciating ever since, much to the delight of gold bugs everywhere!
In fact Goldman Sachs just announced their new gold price estimate: Goldman Sachs raises gold price target to S$2,900/oz by early 2025 on sovereign buying, fund flows.
“We reiterate our long gold recommendation due to the gradual boost from lower global interest rates, structurally higher central bank demand and gold’s hedging benefits against geopolitical, financial, and recessionary risks,” the bank said in a note.
Silver on the other hand has just broken out albeit not to all time highs, but nevertheless it has broken out of a significant resistance area. Weekly silver chart.
Now the gold/silver price ratio is still at historically highs of about 82:1 whereas a healthy ratio some investors believe to be as low as 16:1! Therefore many people (experts??) are calling for much higher silver prices and have been doing so for a long time. So these are exciting times for silver buffs and we could see various events coming together for a long awaited bull market in silver and silver mining companies.
Hold on to your hats and lets see what bargains are out there. CJR has been following Mexican based silver producer Avino Silver and Gold Mines for many years. We are currently seeing a breakout above the price going way back to July 2021, with shares trading at $1.56 (cad). CJR does not currently own shares and Avino is not a client. However we may soon own shares since we see this well managed silver producer as a solid way to participate in what looks like a coming silver bull market.
Stay tuned for more info on these exciting breakouts…
Editor
CJR