Mining Stock Education

Ivan Bebek, Chair & CEO of Coppernico Metals (TSX: COPR | OTCQB: CPPMF), joins Bill Powers for a sponsor update. Peru’s Ministry of Energy and Mines has granted the Start-of-Activities authorization for the Sombrero copper-gold project in Ayacucho. That was the last government approval needed to start drilling under the expanded EIA-Sd approved in August.

The new permit covers about 3,122 hectares and allows up to 300 holes from 181 drill platforms. The previous permit allowed 49 holes from 39 pads. Ivan says the permitted area has nearly tripled, and 60–70% of the targets in it could never be reached with a drill before.

Ivan explains why Phase 2 starts at Fierrazo. A steel company drilled eight holes there in 2013 looking for iron ore. Auryn Resources, Coppernico’s predecessor, later assayed that core and found 90.4 m of 0.48% Cu, including 41.8 m of 0.88% Cu. Gravity and magnetic surveys outline a magnetite-rich skarn body at least 700 m long, and only about 200 m of it has been drilled. Ivan also covers his “drilling for knowledge” approach to targets under shallow volcanic cover, the timeline for first drilling at the high-grade Nioc target, and the company’s funding. It has just under $4M in cash, and Ivan expects a raise in Q1 2027. He also gives updates on a possible US acquisition and a move to NYSE American.

00:00 Intro
00:47 Final Peru Drill Permit
02:12 Community Agreements and Timing
03:43 Where Drilling Starts
04:54 New Access and Geophysics
06:08 Drill Strategy and Plan
08:38 Funding and Treasury Plans
09:43 Building the Target Pipeline
12:15 Drill Logistics and Results
12:59 Acquisitions and Market Setup
15:08 Uplisting and Key Catalysts

Sponsor: https://coppernicometals.com/
TSX:COPR; OTCQB: CPPMF; FSE: 9I3

Press release discussed: https://coppernicometals.com/coppernico-receives-final-drill-permit-and-outlines-multi-target-drill-program-at-sombrero/

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Sponsor Coppernico Metals pays MSE a United States dollar seven thousand per month coverage fee. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

David Erfle of JuniorMinerJunky.com joins Bill Powers for their monthly check-in, right after the midterm elections and a sharp rebound in gold and silver. Erfle explains why he called January’s VRIC euphoria an intermediate-term top. He then explains why the black-bearish mood at the late-October New Orleans Investment Conference looked like a bottom, and why he was buying on October 30th. He compares this correction with 2008 and argues that today’s miners are fundamentally different. He also walks through his profit-taking discipline, a tax-loss rotation out of an under-funded drill play, and the macro backdrop into year-end.

00:00 Intro
00:32 Gold Silver Rebound
00:52 Sentiment Tops Bottoms
03:13 Election False Breakdown
05:17 Miners Relative Strength
06:42 Portfolio Risk Management
09:43 Selling & Rotations
14:50 Sentiment
18:06 Macro Events Debt Fed

David’s website: https://juniorminerjunky.com/

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Bill Powers and co-host Brian Leni get together for their monthly Junior Mining Insights talk. Silver has come back from about $115 to around $50, and the gold price has recently been trading below $4,000. The Fed and the Bank of Canada have both raised rates. Bill and Brian talk about why moments like this reward contrarian investors, how to stay disciplined on both the buy side and the sell side, and what Brian saw on his recent site visit to Element29 Resources’ Elida copper project in Peru. Bill and Brian also talk about lessons from an investor that turned $20k into $3M in a matter of weeks in 2020 contrasted with another speculator who turned a realized 20-bagger into zero. Listen and enjoy!

00:00 Intro
00:17 Silver Cycle Reset
02:45 Tax Loss Selling
04:19 Staying Confident
08:20 Selling Discipline
12:38 Timing the Next Leg
14:42 $20k to $3M
19:54 20-bagger to Zero
21:16 Overallocation Lessons
23:19 Financing Quality Signals
25:46 Who You Raise From
33:23 E29 Peru Site Tour
41:28 Peru Politics Risk
49:07 Ross Beaty’s jurisdictional long-term mindset

Brian’s website: https://www.juniorstockreview.com/
Brian’s YT: https://www.youtube.com/@FIELD_NOTES
Bill’s Twitter: https://x.com/MiningStockEdu

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Bill and Brian are not licensed financial advisors. Sponsor Element 29 Resources pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found Element 29’s most-recent company slide deck found at https://www.e29copper.com/ applies to everything mentioned in this episode. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

First Phosphate (NASDAQ: PHOS | CSE: PHOS) CEO John Passalacqua returns to Mining Stock Education. About two and a half months after its NASDAQ debut, the stock is roughly 40% below its all-time high and sitting on its 200-day moving average. John explains why the sell-off doesn’t worry him: the company has more than $40 million in cash and non-repayable government funding, which takes it to a final investment decision. On top of that, about $400 million of the estimated $500 million capex is already on the table from two sovereign nations. He also explains why he thinks this kind of sovereign backing is starting to “bust the Lassonde curve” for critical minerals projects.

00:00 Intro
00:46 Show Intro and Selloff
01:42 Macro Fears October Volatility
02:49 Why Corrections Create Value
03:55 Cash Runway to Feasibility
04:52 Sovereign Funding and G7
06:01 Filling the Final Gap
08:05 Execution De Risking Plan
09:34 Mine Plus Processing Vision
10:06 Buffett Tide Metaphor Returns

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Sponsor First Phosphate pays Mining Stock Education a United States dollar ten thousand per month coverage fee. First Phosphate’s forward-looking statement found in the company's presentation applies to the content of this interview. MSE offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE’s owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Midnight Sun Mining VP Adrian O’Brien discusses a major milestone for the company’s Dumbwa copper project in Zambia’s Domes Region — 12 kilometers of confirmed strike length and a Northern Block that has expanded to over 2.4 kilometers wide east-to-west.

Adrian explains the Phase One program: nearly 100,000 meters drilled in 12 months, one of the most aggressive junior exploration programs in recent memory. He addresses the painful lab delay issue candidly — 5,000 samples in backlog, Intertek’s equipment and power failures in Zambia, samples rerouted internationally — and makes the case that the logjam is finally breaking.

He distinguishes what Phase Two looks like: targeted rather than broad-brush, surgical infilling, deeper step-out drilling to 600–700 meters, and an extension drive into the newly acquired Mulundu License to the north.

Key points covered: current treasury of $6–8M plus expected warrant exercises; drilling cost of just US$165/meter all-in (vs. US$500–1,000/meter in Nevada); the Kazhiba oxide asset monetization process still underway; and why the geological fundamentals — Lumwana analogue, near-surface mineralization, world-class address flanked by Kansanshi and Lumwana — remain intact despite share price pressure.

00:00 Intro
01:09 Discovery Context Scale
03:06 Phase Two Results Meaning
04:11 Resource Update Plan
05:41 Analyst Reactions
06:48 Stock Disconnect Assays
09:27 Lab Delays Explained
10:28 Upside New Targets
13:55 Treasury Phase Strategy
15:31 Phase Two Drill Costs
16:12 Phase Two Goals Deep Test
19:39 Funding Non-Dilutive Options
20:20 Investor Questions Wrap

https://midnightsunmining.com/
TSXV:MMA OTCQX:MDNGF

Press release discussed: https://midnightsunmining.com/2026/midnight-suns-dumbwa-copper-deposit-more-than-doubles-in-width-to-over-2-4-km-in-northern-block/

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Sponsor Midnight Sun Mining pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found in Midnight Sun’s most-recent company slide deck found at www.MidnightSunMining.com applies to everything discussed in this interview. Bill Powers will not buy any MMA.v shares until five trading days after MSE’s initial interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy shares of any company featured on MSE, you should, for your own protection, assume MSE’s owner is personally selling you those shares. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/