Mining Stock Education

Pro mining investor David Erfle of JuniorMinerJunky.com explains his current gold stock strategy and the needed psychology of a successful junior mining speculator. Erfle argues his prior “buy the boredom” message still applies, describing recent weakness as a sentiment washout with the gold miner’s bullish percentage index hitting zero for the first time since late 2015, alongside decade-low COMEX open interest—conditions he says can precede major bottoms. He contrasts investor interest in AI/SpaceX with miners’ record profits, strong margins, improved balance sheets, and cheap valuations, noting low volumes and continued disinterest. Erfle explains his approach: accumulate during capitulation, trim during parabolic “rhino horn” moves, manage exits stock-by-stock, and focus on undervalued juniors and potential buyouts He shares his portfolio performance history and a few specific examples.

00:00 Intro
00:24 Buy the Boredom
01:41 Sentiment Hits Zero
04:20 Rhino Horns and Fishing Lines
08:09 Why Miners Look Cheap
10:37 Buy Small Undervalued Juniors
12:18 Contrarian Mindset
15:43 Portfolio and Exit Plan
20:11 Risk Management Example

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

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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/

Host Bill Powers interviews Fury Gold Mines CEO Tim Clark for an update focused on advancing the Eau Claire project in Quebec’s James Bay toward development. The company has engaged Canadian engineering firms BBA and SGS to drive a pre-feasibility study targeted for the first half of next year (around Q2 latest) alongside a resource update. Tim discusses strong drill results (including 7.86 g/t gold over 9.43 meters), ongoing metallurgical and environmental work, and potential M&A interest in the district.

00:00 Intro
00:36 Eau Claire Progress Update
01:44 Camp Visit and Team Buildout
03:23 PFS Push and Engineering Partners
04:16 M&A Interest and Dhilmar Context
07:02 Gold Price Upside and Rerate Catalysts
09:16 Drilling Results and Resource Growth
11:41 Treasury and Asset Portfolio
14:39 MRE and PFS Timeline

Sponsor: https://furygoldmines.com/
Ticker: FURY
Press Releases discussed:
https://furygoldmines.com/fury-engages-leading-firms-to-advance-eau-clairepre-feasibility-study-work/

https://furygoldmines.com/fury-reports-7-86-g-t-gold-over-9-43-metres-in-infill-drilling-at-the-eau-claire-gold-project-quebec/

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Sponsor Fury Gold Mines pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement found in Fury Gold’s most-recent presentation found at www.FuryGoldMines.com applies to everything discussed in this 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. 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 Corp. (CSE: PHOS | OTCQX: FRSPF) just landed a wave of international backing at the 52nd G7 Summit in Évian, France — and CEO John Passalacqua joins MSE to break down what it means for the company's mine-to-market LFP battery supply chain build-out in Quebec.

This episode digs into the details of the agreements signed under the Critical Minerals Resilience and Production Alliance, including:

• A letter of interest for up to CDN $275 million in guarantees from Denmark's export credit agency (EIFO) to help finance the Bégin-Lamarche mine

• LOIs from Italy's SACE, CDP, and SIMEST, alongside engineering group MAIRE, to support First Phosphate's phosphoric acid plant at Port Saguenay using Ballestra technology

• A definitive offtake agreement for a minimum of 200,000 tonnes per annum of phosphate concentrate from Bégin-Lamarche

• A definitive offtake agreement for a minimum of 60,000 tonnes per annum of phosphoric acid from the Port Saguenay plant

John explains how these deals fit into the broader G7 alliance launched by PM Carney in 2025, what each piece of financing and offtake actually de-risks for the project, where things stand on permitting and construction timelines, and why he believes First Phosphate is positioned to lead North America's push for a secure, traceable battery-grade phosphate supply chain.

If you're tracking the critical minerals buildout, North American LFP battery supply chains, or First Phosphate specifically, this is a must-watch update straight from the source.

00:00 Intro
00:57 What the G7 Backing Means
02:33 Offtakes and Italy Partnership
04:19 Deal Terms Revenue and Pricing
05:27 Valuation and LFP Market Upside
08:31 Financing and Shareholder Demand
09:57 Timeline Catalysts and Execution
11:56 How the Alliance Came Together
14:07 Treasury and Capital Stack

Press releases discussed:
https://firstphosphate.com/first-phosphate-g7-investment-offtake-deals/
https://www.pm.gc.ca/en/news/backgrounders/2026/06/17/prime-minister-carney-secures-new-partnerships-defence-and-critical
https://www.pm.gc.ca/en/news/statements/2026/06/17/g7-leaders-declaration-securing-supply-chains-critical-minerals
https://www.reuters.com/world/asia-pacific/china-defends-critical-minerals-export-controls-after-g7-statement-2026-06-18/
Tickers: CSE: PHOS – FSE: KD0 – OTCQX: FRSPF – OTCQX-ADR: FPHOY

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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/

Rick Rule explains the type of ignored junior mining stock he is currently buying. Rule says recent exploration spending is yielding spectacular drill results, but the market is not fully pricing discoveries yet, creating opportunity for savvy buyers like himself; he prefers open-market buying over private placements due to weak warrant terms. Rick discusses navigating junior mining during geopolitical “black swan” volatility, emphasizing a watchlist of target companies and prices and a current bias to accumulate on expected summer weakness as juniors have been hit harder than majors. He discusses assessing CEOs’ capital-raising and marketing strategies, contrasts specialist mining brokers with New York generalists, and explains focusing on the price–value gap rather than pre-market signals. Rule strongly favors at-the-market (ATM) financings for big board-listed miners, explains his PDAC “floor intel” around the G Mining/G2 Goldfields transaction, and comments on the Aurion/Agnico deal. Rick discusses trucking ore to existing mills in the Abitibi, why he generally avoids niche metals, and outlines how AI can help analyze large datasets without replacing experienced questioning.

00:00 Intro
00:41 Black Swan Buying Plan
02:22 Rotating Back to Juniors
04:47 Financing Market Reality
06:29 CEO Marketing Strategy
09:13 New York Brokers Explained
10:44 Price Versus Value Mindset
12:19 ATMs and Capital Raising
15:54 PDAC Deal Signals
19:11 G Mining and G2 Thesis
20:30 Abitibi Trucking Model
25:14 Exploration Strategy Shifts
27:42 Avoiding Niche Metals
30:20 Value Added Investor Role
32:00 Helium Speculation Story
35:08 Mexico and Carlos Slim
36:54 AI in Mining and Oil
40:49 Rule Conference Preview

Rule Symposium July 6-10 in Boca Rotan, FL: https://cvent.me/XOqdLa?via=mse

If you would like Rick to review your mining stock portfolio reach out to him at:
https://ruleinvestmentmedia.com/

Rule Investment Media YT channel: https://www.youtube.com/@RuleInvestmentMedia

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. 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/

Battery Metals Expert Matt Fernley explains the three reasons for nickel’s perfect storm. Matt also shares insights into the oil market and critical materials markets amidst the Middle East conflict. Other metals market dynamics analyzed are manganese, graphite, aluminum, cobalt and rare earths.

00:00 Intro
00:40 Middle East Fallout
04:17 Inflation and Demand
07:38 Nickel Market Reset
10:26 Manganese Cathodes
12:59 Oil Majors in Lithium
18:45 Graphite Reality Check
26:40 Price Floors and Policy
29:25 Rare Earths and M&A
34:42 Picking Metals Ahead
38:02 About RK Equity

RK Equity: https://rkequity.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. 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/