The Northern Miner August 8 2022 Issue 16

OBITUARY: LUKAS LUNDIN REMEMBERED AS MINING VISIONARY / 2 Geotech_Earlug_2016_Alt2.pdf 1 2016-06-24 4:27:20 PM

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Ford goes directly to miners for lithium, nickel to support EV ambitions | Automaker also bets on LFP batteries over NCM

CRITICAL MINERALS

F Marimaca Copper president and CEO Hayden Locke (left) and Paola Kovacic, Marimaca’s exploration manager on site. HENRY LAZENBY

Marimaca Copper advances low-capex oxide prospect in Chile SITE VISIT

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| Leading ‘green copper’ project could start production in 2026, says CEO

BY HENRY LAZENBY IN ANTOFAGASTA, CHILE

t’s about a two-hour flight north-northwest from the uber-developed Chilean capital of Santiago to reach the dusty airport just outside Antofagasta, a seaside city on the edge of the Atacama Desert, said to be the second driest place on earth after Antarctica.

As we’re driven away from the airport, we pass under a giant BHP-Escondida greeting banner.

It’s immediately clear we’re now in big-time copper country. The arid, brown-red landscape here is in stark contrast to the lush greenery of Santiago.

We’ve travelled to view Marimaca Copper’s (TSX: MARI) eponymous brownfields project located about an hour’s drive inland from Antofagasta on well-maintained government roads.

“Marimaca is the only copper discovery globally of the last five years,” says president and CEO Hayden Locke, who adds it’s a “low-risk project with substantial exploration potential.” On the way to the site, Locke points out just how well developed the local infrastructure is., built over decades to

sustain one of the most important copper-producing regions in the world. There’s a pipeline pumping seawater for the nearby Mantos Blancos operation and at least four high-voltage powerlines serving the big mines further inland.

As we turn into the countryside, a freight train carrying cars loaded with copper concentrate, copper cathodes and empty vats of hydrochloric acid to the port at Mejillones, slowly snakes its way down from the majestic Andes mountain range.

The Marimaca project has an exceptional location, just 14 km from the highway and power lines, 25 km from the port of Mejillones and 45 km from the regional capital of Antofagasta.

Locke says Marimaca Copper is making steady progress with advancing a rare, economical copper oxide deposit in the Antofagasta region of Chile, regarded as a Tier 1 jurisdiction and the world’s largest exporter of the future-facing red metal.

The development project is set against a backdrop of exponentially growing copper demand forecasts standing in stark contrast to stagnant supply curves not

nearly keeping pace. Analysts predict an annual supply gap of 12 million tonnes opening from about 2025 onwards.

The project represents a small, welcome breath of air, as majors are forced to look for significant discoveries in ever more remote and expensive-to-operate-in places just to sustain current production.

“It becomes clear that a low-cost operation feeding into a high copper-price environment is a recipe to make a lot of money over a relatively short timeframe. Our asset contrasts against the often long, uncertain timelines to permit a massive supergene/hypogene deposit and the considerable capital it requires to see it through to production,” Locke said.

Permiting has become a political juggernaut in Chile. Some see copper mining in danger of becoming more restricted. Chile’s new president, Gabriel Boric, has been busy in recent months rejecting new copper mines and expansions.

Anglo American (LSE: AAL) alone has had two copper mine expansions rejected just in the last couple of months.

See MARIMACA COPPER / 16

BY BLAIR MCBRIDE

ord Motor Company (NYSE: F) announced plans to accelerate its EV production that are underpinned by several high-profile agreements with lithium and nickel miners to supply raw materials for the vehicles’ batteries.

The U.S-based automaker said in a news release in late July that it has secured “100% of the battery supplies” it needs to produce 600,000 EVs per year by the end of 2023, and with the help of Chinese battery company Contemporary Amperex Technology (CATL) it could make 2 million EVs by 2026.

It plans to invest more than US$50 billion in EVs through 2026, targeting total company adjusted EBIT margins of 10% and 8% EBIT margins for EVs by 2026.

“Ford’s new electric vehicle lineup has generated huge enthusiasm and demand, and now we are putting the industrial system in place to scale quickly,” said Ford president and CEO Jim Farley, who is also president of Ford Model e. “Our Model e team has moved with speed, focus and creativity to secure the battery capacity and raw materials we need to deliver breakthrough EVs for millions of customers.”

Ford said it will source battery cell raw materials through a set of agreements — mostly non-binding memorandums of understanding (MOU)s on projects that are not yet in production — with nine mining companies. The announcements follow on agreements EV leader Tesla (NASDAQ: TSLA) has also made with nickel, lithium and graphite miners.

Agreements span the globe Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) signed a non-binding MOU with Ford to develop more sustainable and secure supply chains for battery and low-carbon materials for its vehicles.

Materials covered in the deal include lithium, low-carbon aluminum and copper, Rio Tinto

INTRODUCING TNM DRILL DOWN: TOP GOLD ASSAYS OF THE WEEK / 3

said in a statement.

The lithium would be supplied in an offtake agreement from Rio’s Rincon project in Argentina, currently under development, though it was unclear how much of the metal would be provided to Ford.

Among the other lithium supply deals Ford has secured is a binding, offtake agreement with Australian miner ioneer (NASDAQ: IONR: ASX: INR) for 7,000 tonnes of lithium carbonate annually over a five-year period starting in 2025.

The carbonate would come from its 100%-owned Rhyolite Ridge lithium-boron project in Nevada. The deal would represent about 34% of annual output from Rhyolite Ridge in the first See FORD / 3

PM40069240

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Canada races ahead of US on current lithium project pipeline LITHIUM

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| Technology seen as key to unlocking economic new supplies across hard rock, brine and clay sources

BY HENRY LAZENBY

anada’s lithium supply response is expected to post strong growth through 2031 and outperform the U.S., a new analysis by Fitch Solutions Country Risk & Industry Research suggests.

Canada’s current solid project pipeline, prospective investments into petroleum brine production techniques in Alberta, and a fast-growing battery and electric vehicle (EV) manufacturing base in Quebec and Ontario provide more significant upside in the medium-term due to Canada’s more attractive regulatory environment, the authors say.

Mine permitting times are shorter compared with the U.S., and the current government, led by Prime Minister Justin Trudeau, has proposed $3.8 billion in spending in April to support the mining sector.

This includes the creation of infrastructure for remote operations, of which $1.6 billion was dedicated to critical minerals projects.

Critical Elements Lithium’s (TSXV: CRE) Rose project, Sayona Mining’s (ASX: SYA) Authier project, and Sayona and Piedmont Lithium’s (Nasdaq: PLL; ASX: PLL) jointly owned La Corne mine — all in Quebec — are expected to begin production in 2023. The three projects are expected to add over 50,000 tonnes of lithium carbonate equivalent (LCE) production.

La Corne targets a total production

capacity of 265,000 tonnes per year in the longer term, assuming its planned expansions are authorized and financed.

Nemaska Lithium’s rebooted Whabouchi mine, also in Quebec, is expected to enter production in 2025 and add another 52,500 tonnes of annual output.

According to Fitch’s ‘Americas Lithium Outlook: Robust Project Pipeline To Secure Future Production,’ these planned projects are buoyed by an additional 20 projects without stated production dates receiving growing interest from manufacturers who increasingly provide financing for upstream projects. These arrangements allow them to secure longterm offtake and reduce exposure to spot market prices through contractual price caps.

“There is a significant upside to our current forecast towards the end of the forecast period, with the current forecast seeing Canadian output consistently outperforming the U.S. and seeing the absolute gap in output rise from 2023 onwards,” says the report.

“Our forecast is relatively conservative compared to announced nominal production targets from projects being developed, seeing Canadian production rise from 62,600 tonnes in 2023 to 190,300 tonnes in 2031,” said Fitch analysts in an emailed statement to The Northern Miner.

Canada’s federal government

on top of another $3.6 billion the Canadian government has pledged to support the development of EV manufacturing in partnership with Stellantis (NYSE: STLA), and lithium miners are enjoying a very favourable financial, economic, and political environment amid high prices.

“We expect renewed efforts from the Trudeau administration to court investment from Japan and other security partners into the sector to further boost exploration spending as well,” wrote Fitch analysts.

Piedmont COO Patrick Brindle and Sayona CEO Guy Lalibert. PIEDMONT LITHIUM

has been strategically positioning to capitalize on the energy transition.

In June, Canada’s Natural Resources Minister Jonathan Wilkinson stated in a speech that “going forward, it simply cannot be the case that it takes up to 15 years to develop and bring into production new mines.”

Wilkinson linked accelerated project development with the security imperative to reduce depen-

dence on supply chains dominated

by China. So far, in 2022, mining companies engaged in the exploration and development of critical minerals such as lithium have led capital raising on the Toronto Stock Exchange.

Add to this dynamic the $13 billion that automakers pledged to invest into EV production in Canada through a series of announcements in March through May,

Federal agility Federal policy towards the sector will also influence the pace of production growth as the administration of U.S. President Joe Biden balances ramping up domestic sourcing of critical minerals with environmental protection.

In September 2020, former president Donald Trump signed an executive order addressing the role of critical minerals in the country’s domestic supply chains. The order calls for the protection and development of domestic minerals and processing capacity for the 35 minerals deemed necessary to the economic and national security of the U.S., including lithium.

Among the directives is a call to federal agencies to accelerate permitting and prioritize the development of domestic supply chains.

See LITHIUM / 6

Mining icon Lukas Lundin passes away at age 64 OBITUARY

| Financier, philanthropist and company builder recognized as ‘visionary,’ risk-taker

BY NORTHERN MINER STAFF

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ining financier and entrepreneur Lukas H. Lundin has died in Geneva at the age of 64, following a two-year battle with brain cancer.

The Swedish-Canadian Lundin, known for his shrewd business sense and willingness to take risks, was born in 1958 in Stockholm. Lundin learned the natural resource business from his father, the late Swedish resource magnate Adolf H. Lundin and founder of the Lundin Group of companies. Lukas started his career in the international energy and mining sectors in the early 1980s working alongside his father, after earning an engineering degree from the New Mexico Institute of Mining and Technology in 1981.

The financier had a hand in founding, leading and building successful mining companies including Lundin Mining (TSX: LUN), Lundin Gold (TSX: LUG) and Lucara Diamond (TSX: LUC). He resigned from his corporate duties in May. At Lundin Gold, which the entrepreneur founded in 2014, Lundin oversaw the development of Ecuador’s first large-scale modern gold mine — and one of the highest-grade gold mines in the world — Fruta del Norte (FDN).

But first, he made the decision to acquire the project from Kinross Gold, which had been unable to advance the asset after purchasing it in 2008 for $1.2 billion.

In a statement, Lundin Gold’s president and CEO, Ron Hochstein lauded Lundin’s timing and vision

Lukas Lundin. LUNDIN GROUP OF COMPANIES

in acquiring the asset for only $240 million and then developing it.

“It was his keen view of a great asset in Fruta del Norte and the sense of timing to go to Ecuador, a country that many had deemed high risk and unworkable, that led to Lundin Gold,” Hochstein said.

“Through Lukas’s vision and perseverance, the construction and operation of Fruta del Norte has changed thousands of lives in Zamora Chinchipe and changed Ecuador to be a new frontier for the responsible mining sector.”

In a late 2019 interview with Canadian Mining Journal, just ahead of FDN’s first gold pour, Hochstein noted that Lukas, like his father, had a hands-on approach that ultimately led to successful investments and partnerships.

“The family going back to Adolf and Lukas and I think now with the sons, have this innate ability to understand and be able to talk to people,” Hochstein said. “Lukas came down and we met with sev-

eral government ministers and he could sit there and say ‘I’m willing to invest the family’s money here — are you guys serious about moving forward?’ Our whole philosophy is we’re doing this with the country — this isn’t us coming in and we’re goi ng to build a mine and then take all the gold.”

That sense of timing, willingness to take risks, and readiness to invest counter-cyclically similarly led to Lundin Mining’s acquisitions of Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) Eagle nickel-copper project in Michigan’s Upper Peninsula for $325 million in 2013 and Freeport-McMoRan’s (NYSE: FCX) Candelaria copper mine in Chile for US$1.8 billion 2014.

“We try to find projects that make economic sense even when prices are down,” Lundin told The Northern Miner in 2008.

But Lundin wasn’t all business.

He participated in the Paris-Dakar motorcycle race multiple times, a motorbike journey with his brother

Ian from Cairo to Cape Town in 2006 — during which he saw the potential for resource development to be a catalyst for sustainable development — which inspired the creation of the Lundin Foundation.

The non-profit, originally focused on development in Africa, has now expanded to support development, training and procurement programs in Asia and Latin America, backed by the Lundin Group of companies.

Lundin received many honours during his career, including being named The Northern Miner’s Mining Person of the Year in 2015; induction into the American Hall of Fame in 2020; and the 2022 Selwyn Blaylock Canadian Mining Excellence Award, granted by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).

Visionary Lundin’s impact on Canada’s mining industry was evident through the expressions of appreciation that poured in after his untimely passing, including from Eira Thomas and Catherine McLeod-Seltzer, who cofounded Lucara with Lundin in 2007.

“Lukas will be remembered as a visionary, a man of true conviction who was never afraid to swim against the tide once the value of an opportunity became apparent,” Thomas and McLeod-Seltzer said.

Lucara acquired, developed and now operates the Karowe diamond mine in Botswana, known for producing large, high-value gems.

Lundin Mining’s President and CEO, Peter Rockandel, said the guidance and support that Lun-

din offered his colleagues would be deeply missed, but his vision would endure.

“The many successes of Lundin Mining and the Lundin Group owe directly to Lukas’s extraordinary strategic foresight, matched only by his relentless drive,” he said.

“Lukas would say, ‘Get the right people. Empower the people. And have good assets.’ Those of us that worked closest with Lukas share in his approach and will continue to build upon his legacy.”

In a joint statement, Lundin’s sons Harry, Adam, Jack and William said their father was their biggest inspiration.

“His passion for the industries to which he devoted his life was unparalleled,” they said. “Lukas saw people as the key to success and spent decades building some of the strongest management teams in our industries. He always strived to empower those working with him and continuously pushed us to aim higher. We could not have had a better father and mentor.”

The brothers also said they would continue to build on the success of the Lundin Group with the support of shareholders, other stakeholders and local communities.

“The companies in the Lundin Group stand stronger than ever and the Lundin family is united in our commitment to remain long term shareholders.”

Under the leadership of Lundin and his brother Ian, the 11 companies that make up the Lundin Group have a combined market capitalization of $11 billion and directly employ more than 15,000 people. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8 — 21, 2022

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TNM DRILL DOWN:

Top gold assays of the week July 22-29

BY HENRY LAZENBY

TNM Drill Down is a new feature focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.

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his week’s top intercept comes from Barrick Resou rces (TSX: ABX; NYSE: GOLD) and NovaGold Resources’ (TSX: NG; NYSE: NG) equally owned Donlin project northwest of Anchorage, Alaska.

Through their Donlin Gold joint venture, the companies released the initial results from the 2022 campaign, including hole DC22-2040, which cut 52.3 metres of 14.63 grams gold per tonne (grade x width of 765.1) from 233 metres depth.

The partners’ activities this year focus on a 34,000-metre drill program with tight-spaced grid drilling and in-pit and ex-pit exploration. In June, Donlin Gold’s board approved an additional 43 drill holes and 8,380 metres to infill one of the 20-metre grids to 10-metre spacing. The Donlin exploration team will then input these drilling results into the geologic modelling and interpretation for updated resource models.

In addition to the engineering studies underway to support the mining schedules and life-ofmine business plans, Donlin Gold said this program would enable the company to proceed with an

FORD from 1

five years of production.

James Calaway, the Sydneybased company’s executive chairman said the agreement with Ford marks a milestone for ioneer and highlights “the mature state of the Rhyolite Ridge project development and its ideal position to serve the U.S. supply chain with domestic battery materials.

“Partnering with a recognized world-class automaker that exemplifies the spirit of American innovation is a testament to the quality of our lithium carbonate, and our commitment to the highest environmental standards and sustainability practices,” Calaway said.

Ford plans to use ioneer’s lithium carbonate to make batteries for its EVs through BlueOval SK, a joint venture between the car maker and South Korea-based battery producer SK On. It also has a binding, off-take lithium agreement with another Australian miner Liontown Resources (ASX: LTR) for a five-year deal worth A$300 million ($267 million), the West Perth-headquartered company said in a news release in June.

Under the deal, starting in 2024 Liontown will provide 75,000 tonnes of lithium-spodumene concentrate, 125,000 tonnes the following year and 150,000 tonnes between the third and fifth years.

The concentrate will come from the company’s Kathleen Valley project in Western Australia, 680 km northeast of Perth, where first production is expected in the second quarter of 2024.

Kansas-based Compass Minerals (NYSE: CMP) is a fourth company that signed an agreement with Ford for lithium supplies.

Its two-phase lithium brine development project in Ogden,

updated feasibility study, subject to a formal decision.

The 2022 drilling expands last year’s program and focuses on upside prospects in the ACMA and Lewis pits, where drilling so far has been limited.

With approximately 39 million oz. in 541 million measured and indicated tonnes grading 2.24 grams gold per tonne, Donlin project hosts one of the world’s largest and highest-grade undeveloped open-pit gold endowments.

The planned pits in which the existing resources are sited occupy only 3 km of an 8-km mineralized

belt, which is located on less than 5% of Donlin Gold’s land position. Current activities at Donlin are focused on the drill program, optimization efforts, community outreach, and advancing the remaining state permitting actions.

This week’s second-best intercept comes from the New Zealand-based Bendigo-Ophir project.

Proponent Santana Minerals (ASX: SMI) reported a top hit of 29.3 metres grading 13.8 grams gold per tonne (grade x width of 404.34) from 165.8 metres deep.

Resource extension drilling since September 2021 has resulted

in a six-fold increase in the Rise and Shine (RAS) zone inferred resources and a three-fold increase in inferred resources in four deposits over a 4-km strike length at the project along the Global Rise and Shine Shear zone. The deposits, RAS, Come-in-Time, Shreks and Shreks East, now hold 1.9 million oz. in 33.4 million tonnes grading 1.8 grams gold per tonne as announced on July 11.

Drilling continues to expand the resource potential.

Results for hole MDD051, announced on July 20, and assay results from two further holes

Utah, is expected to produce 30,000 to 50,000 tonnes of lithium carbonate equivalent, with first phase capacity amounting to about 10,000 tonnes starting in 2025, the miner said in a news release.

The companies are working towards a definitive offtake and supply agreement.

LFP batteries Ford said the lithium iron phosphate (LFP) batteries supplied by CATL would be coming for its Mustang Mach-Es in North America in 2023 and for F-150 Lightnings in early 2024 and that it plans to localize 40 GWh per year of LFP capacity in North America in 2026.

Commenting on the Ford announcement, Canaccord Genuity Global Sustainability analyst George Gianarkias said in his first July 21 that LFP batteries will continue to gain momentum.

“Ford sees a significant place for LFP batteries in its future portfolio relative to NCM (nickel cobalt manganese) [batteries],” Gianarkias said. “LFP will serve standard range Ford EVs with NCM serving extended range. CATL… appears to be the runaway leader in LFP battery cell chemistry.”

While NCM batteries have higher energy density, LFPs are generally cheaper by up to 30%.

Wood Mackenzie, in a report in March forecast that LFP units would continue to edge out NCMs for market share and surpass them in 2028.

However, economist and independent analyst Patricia Mohr said she wonders if U.S. buyers of the F-150 Lightning will still choose the longer-range NCM batteries, which she said have been preferred

by OEMs and consumers in the U.S. and Europe.

“Ford will have to stabilize the

F-150 Lightning electric trucks on the production line at Ford’s Rouge Electric Vehicle Center in Dearborn, MI. FORD MOTOR COMPANY

price it pays for lithium, if it is to dramatically lower the cost of its batteries,” said Mohr, who is also the former vice-president of Scotiabank and the founder of the publication Critical Metals for a Sustainable World.

Mohr noted that not all major consultants agree with Wood Mackenzie that LFPs will become more prominent than NCMs in the next several years.

“The Ford announcement will actually increase the use of LFP batteries, though the success of Ford’s initiative will depend upon whether consumers in the U.S. and Europe chose the LFP battery alternative,” she said.

Nickel supply In terms of nickel, Ford said it signed non-binding MOUs with Vale (NYSE: VALE) “to explore potential opportunities across the EV value chain,” and Vale’s Indonesian subsidiary and Huayou Cobalt to explore a three-way nickel processing project that would give Ford rights to the equivalent of 84,000 tonnes of nickel per year.

A third MOU, with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) would provide nickel from the company’s Nickel West project in Western Australia starting as early as 2025 and could include more commodities later on.

BHP’s head of corporate communications, Gabrielle Notley told The Northern Miner that details on the nickel supply would be determined through further collaboration.

The Australian miner also aims to work with Ford on developing cleaner supply chains, Notley explained.

“Mining and refining account for the majority of emissions in the nickel battery value chain,” she said. “Collaborating with Ford will provide opportunities to lower end-product related emissions, discover mutually beneficial ways to accelerate value chain decarbonization and ensure stronger ESG credentials for raw materials.”

Notley cited agreements reached last year with other technology companies such as Tesla for the supply of nickel from its Nickel

MDD054 and MDD056 at RAS are said to be in hand, adding to resource growth potential.

Freegold Ventures (TSX: FVL; US-OTCQX: FGOVF) delivered this week’s third-best gold intercept from the Golden Summit project near Fairbanks, Alaska.

Drilling at Golden Summit continues to delineate broad zones of greater than 1 gram gold per tonne mineralization over significant widths. Drilling since 2020 has also demonstrated significant widths of greater than 2 grams gold within the interpreted Cleary Vein Swarm.

Hole 2209 returned 479.1 metres grading 0.84 gram gold per tonne (grade x width of 402.4), from 67.2 metres depth.

The initial 2022 program will resume the 2021 program looking for deeper, higher-grade mineralization, with an initial 20,000 metres planned. Results from the 2020-2021 program demonstrate the potential for more extensive and higher-grade gold mineralization on the project intersecting numerous assay intervals over 30 grams gold per tonne, more than any previous program.

Four drill rigs have been operating since mid-February. The results of the company’s 2020 and 2021 drill programs and several holes from the 2022 drill program are expected to feed into an updated pit-constrained resource estimate in the fourth quarter of this year. TNM

West operation for battery technology supply chains.

Tesla has over the past half year reached supply agreements with other critical mineral miners including a five-year deal with Liontown, an expected four-year deal with Core Lithium (ASX: CXO) and a multi-year agreement with Vale for nickel.

Meanwhile, General Motors (NYSE: GM) announced in a news release on July 26 that it reached an agreement with Livent (NYSE: LTHM) for the supply of battery-grade lithium hydroxide, for the automaker’s Ultium battery cathodes for such EVs as the Chevrolet Blazer and Silverado, GMC Hummer and Cadillac LYRIQ. The hydroxide would come from Livent’s brine operations in South America over a six-year period starting in 2025.

GM also inked a deal with LG Chem for the supply of more than 861,000 tonnes of cathode active material (CAM) for EV battery production. CAM consists of processed nickel, lithium and other materials that represent about 40% of the cost of a battery cell. The agreement covers the second half of 2022 until 2030 and would be sufficient for about 5 million units of EV production.

GM and LG Chem will also look into the localization of a CAM production plant in North America by the end of 2025.

Jeff Morrison, GM vice-president, Global Purchasing and Supply Chain, said the company now has contractual commitments with strategic partners for battery raw materials to support its goal of producing 1 million units of EV capacity by the end of 2025.

Ford and several mining companies did not respond to inquiries on details about the raw material projects by press time. TNM

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AUGUST 8 — 21, 2022 / THE NORTHERN MINER

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EDITORIAL

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Diamond exploration hits a new low — even as diamond prices soar

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COLUMN

| Peter Rabbit’s pluck offers lesson for mining establishment

BY DR CHRIS HINDE Special to The Northern Miner

here are few things that are more alluring and exciting than a diamond — but one of them is a significant new diamond discovery. Now those are truly rare.

In Canada, we haven’t had a significant diamond discovery for years — and the current lack of spendBY ALISHA HIYATE ing on exploration makes one less likely to happen in the future.

Globally, exploration for diamonds has nearly ground to a halt. In Canada last year, coal exploration attracted more spending than diamond exploration ($61 million vs. $50 million), which fell 21% from the previous year, hitting a 20-year low.

Adding to this downward momentum, in June, Rio Tinto suddenly pressed pause on its 75%-owned Fort à la Corne (Star-Orion South) diamond joint venture in Saskatchewan. After pouring more than $180 million over the past six years into a bulk-sampling program and other work to evaluate the project, Rio Tinto told JV partner Star Diamond it would not be spending more money this year “beyond what is necessary for care and maintenance.” Star Diamond, which holds 25% of the large but lowgrade project, said that Rio also advised that it “intends to conduct a nearterm review of its alternatives regarding the project, including its potential exit.”

It’s not clear yet what Rio Tinto will ultimately decide to do. But further investment, rather than pulling back, would have given the sector a muchneeded shot in the arm. And the company, which saw its Argyle mine in Australia close in late 2020, certainly needs to replace that production and would be motivated to make the project work, if possible.

While the diamond trade and diamond prices were devastated by the pandemic, prices have made a strong comeback (in part benefiting from uneven efforts globally to avoid purchasing diamonds mined by Russia’s Alrosa). De Beers reported a 58% rise in its average selling price to US$213 per carat for rough diamonds in the first half of the year, and its rough price index rose 28% compared to the same period of 2021.

That’s not likely to help revive exploration immediately, however.

The fact is that there have been too many surprises in diamond development around the world, which have shattered investor confidence.

During the online portion of this year’s Prospectors and Developers of Canada conference, independent diamond consultant Andy Davy shed some light on why this has been the case.

First, Davy gave several examples of projects where mined values have been very different from predicted values — both for better and worse.

In Canada, diamond values for the 5034 kimberlite at De Beers’ and Mountain Province Diamond’s Gahcho Kué mine in the Northwest Territories, were estimated at US$132-142 per carat at the feasibility stage.

But the achieved cumulative price after three years of production was about half that, at US$69 per carat. The Renard mine in Quebec, meanwhile, (which began production in 2016 and has since been taken over by Stornoway Diamonds’ creditors) achieved prices of US$93 per carat after two years of production, vs. the preproduction estimate in the range of US$121-US$194 per carat.

Some mines, notably those that host large, high-value diamonds that can cause a nugget effect, have surprised on the upside. At Lucara Diamond’s Karowe mine in Botswana, achieved prices have been about twice the US$243 per carat predicted in the feasibility study.

“That’s a great result for the owners of Karowe and the shareholders of the Karowe project, but of course it highlights an issue: Why wasn’t the price estimated at US$600 a carat at the time of the feasibility?” Davy asked.

For the examples shared, it took between three and five years for achieved prices to level off and for the long-term price to emerge.

Evaluating diamond deposits is inherently more complex than other types of deposits. Not only are there the usual considerations of tonnage and grade, but both diamond size distribution and diamond value estimates are hard to get right, and quality and size distribution are not consistent throughout an orebody.

There are also disconnects between the information available to qualified persons doing the technical work on evaluating a project and the See EDITORIAL / 9

COMPANY INDEX 92Energy............................................................13 Albemarle............................................................ 6 American Lithium............................................... 6 Andean Precious Metals.................................. 5 Anglo American..............................................1, 8 Ardiden...............................................................13 Aris Gold.............................................................. 6 Aston Minerals..................................................13 Auteco Minerals................................................13 Azimut Exploration...........................................14 Barrick Resources............................................. 3 BHP...................................................................3, 8 Brazil Minerals...................................................12 Cameco ......................................................... 8, 13 Coeur Mining...................................................... 5 Compass Minerals............................................. 3 Core Lithium....................................................... 3 Critical Elements Lithium................................. 2 Eloro Resources.............................................5, 9 Energy Fuels......................................................10 Excelsior Mining................................................12 Focus Graphite..................................................15 Ford Motor Company........................................ 1 Freegold Ventures............................................ 3 Freeport-McMoRan.......................................2, 8 GCM Mining........................................................ 6 General Motors.................................................. 3 Glencore..........................................................5, 9 Golden Rim Resources.................................... 8 Green Technology Metals..............................13 Intrepid Potash..................................................10 ioneer.................................................................... 1 Kazatomprom..................................................... 8 Liontown Resources......................................... 3 Lithium Americas............................................... 6

THE VIEW FROM ENGLAND: TIME TO WAKE UP SLEEPY HEADS

Livent.................................................................... 3 Lucara Diamond................................................. 2 Lundin Gold......................................................... 2 Lundin Mining..................................................... 2 Marimaca Copper............................................... 1 Matador Mining.................................................14 Mont Royal Resources....................................14 Newmont............................................................14 New Pacific Metals............................................ 5 Nexa Resources................................................12 NioCorp Developments...................................11 NovaGold Resources........................................ 3 Pan American Silver.......................................... 5 Piedmont Lithium............................................... 2 PolyMet Mining.................................................. 9 Rio Tinto............................................................1, 2 Santacruz Silver Mining................................... 5 Santana Minerals............................................... 3 Sayona Mining.................................................... 2 Silver Elephant................................................... 5 Solitario Zinc......................................................12 Stellantis ............................................................. 2 Talisker Resources...........................................15 Teck Resources .......................................8, 9, 12 Tempus Resources...........................................15 Tesla....................................................................... 1 Texas Mineral Resources.................................11 Uranium Energy................................................10 Uranium Royalty................................................10 Ur-Energy...........................................................10 Vale....................................................................... 3 Wealth Minerals................................................. 6 Westwater Resources......................................12 Winsome Resources........................................15 Yamana Gold...................................................... 5

I

have a theory that mining executives are eating too much salad. Beatrix Potter warned us in 1909 that eating lettuce is soporific (in her Tale of the Flopsy Bunnies). Whatever the cause, mining companies seem to be sleepwalking into a catastrophic shortage of skills.

The revered children’s author was a remarkable lady. A keen natural scientist, Potter had a particular interest in archaeology, entomology and mycology, producing accurate watercolour drawings of unusual fossils, fungi and archaeological artefacts.

Born on July 28, 1866, Potter’s tales of Peter Rabbit were published in 1902, followed by her Jemima Puddle-Duck stories six years later. She designed a Peter Rabbit doll in 1903 and went on to explore other merchandise options. Potter died in 1943, leaving 15 farms and over 4,000 acres of land to the National Trust.

Perhaps Potter had also studied Italian history. In the early Roman empire, lettuce was eaten at the end of dinner to help people sleep. It has been known for over 2,000 years that milky sap in the vegetable contains an opium-like substance, lactucin, that helps you relax.

Asleep at the wheel doesn’t come close to describing the performance of our leaders as the number of mining graduates dwindles in the developed countries (mining undergraduate enrolment has been zero in the U.K. for the past two years, as reported in the previous ‘View from England’ column).

Hard on the heels of the U.K. Mining Education Forum’s report on the scarcity of mining graduates (published July 10) comes two pertinent reports in the space of four days.

First, on July 18, the High Court ruled that the government’s landmark ‘Net-Zero Strategy,’ first published in October 2021, was “inadequate and unlawful.” The London-based court described the strategy as “too vague” as it contained no assurances that the targets (to decarbonize the domestic economy by 2050) could be met, and ordered that the strategy be amended within eight months.

Second, on July 22, the Department for Business, Energy & Industry Strategy published a policy paper entitled ‘Resilience for

the future: The U.K.’s critical minerals strategy.’

In a forward to the report, the Department’s Secretary of State, Kwasi Kwarteng, said: “As technology evolves faster than ever, we become more and more reliant on a new cohort of minerals.”

Kwarteng added, “Our jobs and industries rely on minerals vulnerable to market shocks, geopolitical events and logistical disruptions, at a time when global demand for these minerals is rising faster than ever. It is vital that we make our supply chains more resilient and more diverse to support British industries of the future, deliver on our energy transition and protect our national security.”

The U.K.’s first ever Critical Minerals Strategy sets out a plan to grow domestic capabilities, collaborate with international partners and enhance global markets to make them more responsive, transparent and responsible.

The report says the government will “re-establish the U.K. as a skills leader, and continue to do cutting-edge research and innovation in exploration, mining, refining and manufacturing.”

A first step, of course, might be to encourage Exeter University to restore undergraduate mining at Camborne School of Mines.

A net-zero carbon-emission strategy can’t be secured without critical minerals, and these can’t be sourced without mining, which needs graduates. The mining industry knows what is required, and must persevere. In that regard, executives could learn from Potter, whose manuscripts were initially rejected by several publishers.

Undaunted, in 1901 she privately produced copies of a story she had written in 1893. Peter Rabbit was published the following year and more than 250 million copies of her legendary tales have now been sold worldwide.

A Critical Engineers Strategy is required from our leaders, and soon. Universities need to be encouraged into continuing with mining courses and, crucially, methods found to entice students to enrol. Let’s hope mining executives share some of the can-do attributes of Peter Rabbit, rather than those of Jemima, who was a very silly duck. TNM — Dr. Chris Hinde is a mining engineer and the director of Pick and Pen Ltd., a U.K.-based consulting firm. He previously worked for S&P Global Market Intelligence’s Metals and Mining division.

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8 — 21, 2022

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A 40,000-metre drill program is under way at New Pacific Metals’ Carangas gold-silver project in Bolivia. NEW PACIFIC METALS

Bolivia comes in from the cold EXPLORATION

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| First mover New Pacific Metals being joined by other juniors partner on investment in a commercial-scale lithium facility.

“They encourage private investment in the country, especially in the mining industry,” says Alex Zhang, New Pacific’s vice-president, exploration. President Arce has said that he wants to see five or six new mining projects built and operating by the time he steps down in 2025. Silver Sand could be among them.

To meet that goal, New Pacific has stepped up exploration work at the site both at the core deposit and outlying targets. By the fourth quarter, the company aims to complete an updated mineral resource estimate which would inform a preliminary economic assessment scheduled for the end of the year.

It has also begun drilling targets north of Silver Sand’s core under private concessions in hopes of finding the source of the mineralization.

BY TOM AZZOPARDI

nce considered a pariah, Bolivia is quickly gaining a reputation as an exciting jurisdiction for mineral exploration.

First in was New Pacific Metals (TSXV: NUAG) which acquired the Silver Sand project in 2017 and signed a first-of-its-kind mining production contract with state mining firm Comibol for the surrounding 56-sq.-km land package.

The company is now advancing the project in central Bolivia’s silver-tin belt to production and exploring several promising satellite targets.

But since New Pacific Metals pushed the door open five years ago, half a dozen more listed companies have entered Bolivia, attracted by its huge and largely untapped geological potential.

Backed by Yamana Gold (NYSE: AUY) chairman Peter Marrone, among others, Eloro Resources (TSXV: ELO) is exploring the Iska Iska polymetallic deposit, close to Pan American Silver’s (TSX: PAAS; NASDAQ: PAAS) San Vicente mine. Silver Elephant (TSX: ELEF) is also exploring the Pulacayo project, 139 km north of San Vicente.

As multinationals pull out of the country, juniors are seeing opportunities in operating assets which could then provide a platform for exploration.

Last March, Santacruz Mining (TSXV: SCZ) completed its acquisition of three mines from Glencore (LSE: GLEN), which announced plans to sell the mines after beginning arbitration proceedings in 2019 against Bolivia over the 2007 nationalization of the Vinto smelter. and is preparing to explore its largely ignored claims portfolio. Andean Precious Metals (TSXV: APM) is exploring a couple of sites after buying the San Bartolome silver mine in 2017 from Coeur Mining (NYSE: CDE), which pivoted to a focus on North America.

More are jostling to come in.

“Requests for work from mining companies have doubled. We have three or four projects in the pipeline,” says Pablo Ordoñez, a lawyer advising mining companies at PPO Abogados in Santa Cruz.

Stuff of legend Bolivia’s geological wealth is the stuff of legend. Silver mined

New Pacific Metals acquired the Silver Sand project in Bolivia in 2017. NEW PACIFIC METALS

WITH MINING POWERHOUSE CHILE AND PERU FACING THEIR OWN POLITICAL TURMOIL AND COLOMBIA ELECTING ITS FIRST EVER LEFTWING PRESIDENT, BOLIVIA LOOKS LESS OF AN OUTLIER THAN IT ONCE DID. from Cerro Rico from the 1500s onwards bankrolled the Spanish Empire, supercharged the European economy, and turned Potosi into one of the world’s largest cities. In the 20th century, it dominated tin production.

But political instability — Bolivia has suffered more coups than any other country in the world since 1950 — and nationalizing policies have stymied foreign investment in recent decades.

“It just hasn’t seen, for vari-

ous reasons, some of the modern exploration approaches that are being taken now,” says Peter Megaw, a technical advisor to New Pacific.

Bolivian politics remain rough and ready. In 2019, long-time president Evo Morales fled the country after a disputed election triggered nationwide unrest. Last month his successor Jeanine Áñez was jailed for allegedly orchestrating a coup against him. Her supporters have vowed revenge.

But with mining powerhouses Chile and Peru facing their own political turmoil and Colombia electing its first ever left-wing president, Bolivia looks less of an outlier than it once did.

The country’s unorthodox economic policies (a fixed exchange rate, energy subsidies) have proved an effective antidote to the rampant inflation roiling the region.

Consumer prices rose by just 1.8% in the year to June, compared to 12.5% in neighbouring Chile and 64% in Argentina. As the rising cost of living heightens discontent through Latin America, Bolivia appears relatively calm.

“There is a climate of stability in Bolivia, and this should reduce the potential for social conflict,” predicts Ordoñez.

Meanwhile, as Bolivia’s natu-

ral gas reserves decline, mining is regaining its central role in the economy. Mineral exports during the first five months of the year rose 19% to US$1.3 billion, helping Bolivia to its largest trade surplus in almost a decade.

The current government, led by Morales’ former Finance Minister Luis Arce, is beginning to look more warmly on the benefits that foreign investment in the mining sector could bring. A recent tax reform eliminated value added tax on capital goods imports, an important benefit for mineral exploration companies in the country.

Arce’s Mining and Metals Minister Ramiro Villavicencio, an engineer who previously worked at Sumitomo Corp.’s San Cristobal zinc mine, the country’s largest mine operation, has met with mining companies and foreign ambassadors to discuss the challenges facing the sector.

After state-led development failed, the administration is trying to attract foreign investment to launch lithium production in the giant Uyuni salt-flat (potentially the world’s largest source of the mineral). In June, state lithium company YLB unveiled a shortlist of companies (four Chinese, one Russian and one American) to

Caramba, Carangas At the same time, the company is pursuing a major new opportunity in western Bolivia’s epithermal belt. Mined since colonial times and explored more recently, New Pacific had originally seen Carangas as comparable to Silver Sand, with the potential for shallow but extensive silver mineralization.

However, initial drilling quickly identified huge intervals of gold mineralization at depth underlying the silver.

“Once the drilling program started, we just couldn’t stop because every drill hole was interesting and the mineralization was getting better and better,” Zhang explains.

The company now has five rigs turning at the site, part of its 40,000-metre campaign to assess just how big the deposit could be.

In July, the company released the first results from this year’s drilling, including a 500-metre interval grading 1 gram gold per tonne and 11 grams silver. Above that interval was a near-surface zone that included a bonanza interval of 5 metres of 6,236 grams silver.

While the limit of the mineralization is not yet defined, Zhang expects to continue drilling well into 2023 before the company can produce an initial resource estimate.

“Naturally, we don’t know yet because we just made the discovery, but it’s going to be very exciting, a big one,” concludes Zhang. TNM

6

AUGUST 8 — 21, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

Aris Gold, GCM Mining rise on all-share merger deal M&A

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| Combination to create largest gold company in Colombia

ing basis to Mar. 31, 2022.

While shares of both companies rose on the news, Haywood Capital Markets mining analyst Kerry Smith said in a research note on July 27 that the firm recommends shareholders not accept the offer.

“If gold were to rally over US$2,000 per ounce in the midterm, the market would certainly pay for the significant resource base and production profile in the new company, but not today,” Smith wrote.

He added that “the additional financing and execution risk with GCM’s earlier stage development project in Guyana, combined with Soto Norte, is more than we would like.”

Smith also called the combination of the formerly separate companies’ Colombian operations

“a bit premature” due to Aris’s “upside over time” as it executes on the Marmato expansion.

“In our view, this merger is too early, and the market will not pay up for the perceived higher growth and resource profile, given the permitting, financing and construction risk,” he said. The merger requires the approval of more than two-thirds of Aris Gold shareholders and a simple majority of GCM shareholders, in addition to regulatory approvals. Shareholder votes are expected to take place in mid-September.

In contrast to Haywood’s assessment, Taylor Combaluzier of Red Cloud Securities said in a July 26 note that the transaction is positive for both companies as the combined entity “should be in a stronger position to advance its projects

in the face of the current market environment and offer more opportunity over the long run for investors to realize a potential re-rating.”

The analyst further explained that Red Cloud sees the merger as an opportunity to unlock the potential of the Segovia operation.

“The company has also replaced its mined resources at Segovia for six straight years and continues to have success with the drill bit, which supports our view that Segovia’s main mines remain underexplored and are potentially larger than envisioned,” Combaluzier said, adding that the new Aris would bring a strong leadership team that is ready to become a “significant mid-tier gold producer.”

The merger comes almost two years after GCM — then known as Gran Colombia Gold — became a 45% shareholder in Colombia-focused Caldas Gold before it became Aris Gold and acquired the right to appoint two directors to Aris Gold’s board.

One year later, Gran Colombia changed its name to GCM Mining Corp.

On the news in Toronto, Aris Gold shares traded at $1.84 a piece, up 19¢ or 11.5% from the start of the day. The stock has traded in a 52-week trading range of $1.21 and $2.25. Its market capitalization is $254.9 million.

GCM shares were trading at $3.73 each, up 33¢ or 9.7%. Its stock has traded in a 52-week range of $3.13 and $6.13. The company has a market cap of $364 million. TNM

in America for a lithium source, and the clay stones seem to be the right source,” he told The Northern Miner in an interview.

The company is advancing its TLC clay stone project near Tonopah, NV. “We don’t think a massive technological step is required to produce from clay stones. We now have three very viable process options that we are refining right now. The more these processes get refined and improved, the better for everyone,” he said.

According to Clarke, critical logistics such as paved roads and power are in place at TLC.. Water resources are not as constricted as in the nearby Clayton Valley, where other proponents are advancing projects.

In May 2020, the company released an initial resource estimate for TLC comprising 3.4 million tonnes of LCE measured resources, 2 million tonnes of LCE indicated resources and 1.8 million tonnes inferred.

Upon receiving its new approved plan of operations, American Lithium has started an extensive exploration drill campaign to upgrade and expand the TLC deposit. The work will feed into a preliminary economic assessment and the start of a feasibility study by the end of the year.

to US$50 million to double the current production of 5,000 tonnes LCE per year by 2025. The output expansion will do little to address the relative shortfall of output in the U.S. compared to Canada, Chile, and Argentina.

Fitch analysts flag environmental regulatory delays, project reviews, and lawsuits as a continuing hindrance to mine permitting and project times in the U.S. market relative to peers.

“Over the coming decade, our outlook for U.S. lithium production growth has become more positive, supported by existing projects in the pipeline, long-term fundamentals for lithium, and the upside from newer technology deployments for geothermal and petroleum brine extraction,” said Fitch.

For example, a notable new project in the U.S. is Lithium Americas’ (TSX: LAC) Thacker Pass project, which expects its first production in the current quarter, making it one of the most advanced lithium developments in the country.

The project, located in Humboldt County, Nev., is the largest known lithium resource in the country, with 3.1 million tonnes of LCE classified as proven and probable reserves at 3,283 ppm lithium in 179.42 million tonnes of material. The resource statement is under review.

According to Lithium Americas, U.S. battery production capacity will require more than 250,000 tonnes of LCE by 2030, with Thacker Pass well-positioned to contribute at a competitive cost of US$4,088 per tonne of lithium.

The project has received considerable environmental scrutiny amid ongoing lawsuits.

Similarly, Piedmont Lithium is also relatively close to production at its eponymous mine-to-lithium-hydroxide project in North Carolina, should it execute on the schedule released in a November 2020 inves-

tor presentation. The firm expected to begin production in 2022 but is currently dealing with regulatory uncertainty in North Carolina, delaying the project.

Piedmont signed a deal in 2020 to begin supplying Tesla with lithium sometime between July 2022 and July 2023 from the North Carolina mine, but last year delayed the first shipments without a definitive date for when deliveries could begin amid a dawdling regulatory review.

Reuters reported last summer that Piedmont’s chaotic roll out of that plan — in which it wooed Wall Street and Tesla before local residents — had fueled concerns about levels of dust, noise and vibrations in the area just outside Charlotte.

The company in 2021 signed an offtake agreement with EV manufacturer Tesla to begin spodumene deliveries between July 2022 and July 2023, which will be affected by these delays. Several other lithium projects in the U.S. are in the early development stages.

“We note particular interest in geothermal production capacity in California’s Salton Sea, with three operators currently pursuing early exploratory works intended to launch pilot projects after 2024,” said Fitch analysts.

Additionally, the analysts expect operating cost savings through vertical integration would further incentivize mid-stream capacity growth in the U.S. For instance, the prefeasibility and integrated scoping study for Piedmont Lithium’s integrated project analyzes a chemical plant with an estimated annual production of 22,700 tonnes of lithium hydroxide.

The plant would be vertically integrated with its domestic mining operations to reduce lithium hydroxide operating production costs from an estimated US$6,689 per tonne in the standalone (merchant) option to US$3,712 per tonne. TNM

BY BLAIR MCBRIDE

olombia focused precious metals producers Aris Gold (TSX: ARIS) and GCM Mining (TSX: GCM) have announced an all-share merger deal that will see GCM — already a major shareholder of Aris — acquire all remaining outstanding shares.

GCM currently holds nearly 61 million Aris shares, representing about 44.3% of the issued and outstanding common shares of the Vancouver-headquartered Aris.

The new company will take Aris Gold’s name, with Ian Telfer taking the role of chair and Neil Woodyer as CEO in the combined entity.

Both men had the same roles with Aris before the merger.

In a news release on July 25, Woodyer said the new company is building a gold mining business with scale, cash flow, a high-quality growth pipeline and a financial position with US$397 million of cash and $260 million in additional funding.

“Our teams are well known to each other, and together we will optimize the delivery of the growth projects to unlock shareholder value,” he said.

“The combined group creates a top-in-class company with multiple tier one assets,” Telfer said.

“After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building

LITHIUM from 2

Fitch analysts expect that if this directive is maintained and executed under the Biden administration, it would support a positive outlook for production growth.

Among other recent announcements, in February 2021, Biden and Trudeau committed to building an EV supply chain between the two countries, where mined lithium from Canada would be supplied to downstream facilities in the U.S. In March 2022, U.S. Energy Secretary Jennifer Granholm announced a strategy to help transition coal mines and workers in the coal mining sector towards lithium production while signalling a growing willingness to try and accelerate mine permitting without sacrificing core environmental concerns.

And in July, the U.S. Department of Energy reiterated intentions to accelerate domestic production to support national security aims, though it remains unclear what these steps entail. In contrast to Canada, Fitch points out that much of the U.S. project pipeline remains in early development, there is uncertainty about environmental scrutiny, and the administration’s limited executive action to reform permitting will affect project timelines.

This could cause delays in project development, as happened in Chile when Albemarle Corp.

(NASDAQ: ALB) delayed expansion plans in 2019 due to market oversupply and lower prices.

However, price levels are expected to remain high for years due to ongoing supply deficits, which should push more miners to commit to project development.

Further, technological advances should improve resource recovery efficiency at existing projects and provide the potential for additional expansions of projects already being developed.

Aris Gold’s Marmato mine in western Colombia. ARIS GOLD

a +1 million ounce producer over the next few years.”

Each outstanding Aris share not held by GCM will be exchanged at a ratio of half a common share of GCM for every common share of Aris.

The deal will, among other outcomes, create what GCM called the largest gold company in Colombia, building on Aris’s ownership of the Marmato mine. It also adds GCM’s Toroparu gold project in Guyana.

Derisking growth projects In addition, the companies believe the agreement will build a strong financial basis for de-risking their growth projects, with combined cash and committed funding of US$657 million and free cash flow from the Segovia operations of US$84 million on a 12-month trail-

Lithium learning curve Tim McCutcheon, a strategic advisor with lithium junior Wealth Minerals (TSXV: WML), tells The Northern Miner that the evolution of the industry pivots on the emerging understanding that aside from the end product, the methodology and asset types required to produce lithium are very different.

“When you consider sources of lithium such as spodumene (hard rock), brines and clays, they have totally different required skill sets to make it work. In the case of brines and clay, economic recovery technology is really the future. And that’s part of the reason why I think spodumene projects have done comparatively so well because it’s just mining. The other stuff? I think investors have come to understand that every operator has a learning curve that still casts a bit of a question mark on many projects,” McCutcheon said.

Wealth Minerals has a significant land position in the lithium industry’s leading Atacama Salar, located about 1,500 km north of the capital Santiago. Its development plans follow up on the success of Chile’s state miner, Sociedad Quimica y Minera, which holds production facilities south of Wealth’s land position in the Atacama Salar.

It accounts for about one-third of the world’s lithium output.

American Lithium (TSXV: LI) CEO Simon Clarke says that while there were obvious reasons why the South American brines were going to be limited in terms of how big they could ultimately get, mainly owing to water scarcity and community issues, it underscored the need for a coherent global supply response drawing on all available sources.

“I’m sure the Australians have got some spodumene refining capacity without necessarily tying themselves to the Chinese, and then you’ve got this desperate need

Nipping at the heels According to Fitch, U.S. lithium mine production volumes are expected to remain small through to 2025 relative to other key producers in the Americas, such as Chile and Argentina. Fitch estimates that output at the maximum is roughly 1,200 tonnes per year (6,400 tonnes LCE) based on the production capacity of Albemarle’s Silver Peak operation, the sole lithium mine in the U.S. In January 2021, the company announced plans to invest US$30

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8 — 21, 2022

DISCOVERING AND DEVELOPING World Class Silver and Gold Deposits in Bolivia

SILVER SAND PROJECT

LARGE PURE SILVER DEPOSIT AMENABLE TO OPEN PIT & HEAP LEACH OPERATION

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COMBINATION OF SILVER SAND AND CARANGAS MINERALIZATION STYLES

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Teck CEO Don Lindsay stepping down after 17 years at top job LEADERSHIP

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BY CECILIA JAMASMIE

eck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role.

Lindsay, who will leave by the end of September, will be replaced by two executives in what the company calls “the culmination of a multi-year succession process.”

Chief financial officer Jonathan Price will take over as CEO, while chief operating officer Harry Conger will add the title of president.

Prior to joining Teck in 2020, Price worked at BHP (NYSE: BHP; LSE: BHP; ASX: BHP) for 14 years in a variety of senior roles.

Conger has served as Teck’s executive vice-president and COO since September 2020. Prior to joining the company, Conger held the role of president and COO-Americas with Freeport-McMoRan (NYSE: FCX).

| Diversified miner posts record profits for Q2 fuelled by coal and copper price surges Lindsay, 63, spearheaded a number of large deals during his time at Teck, but also received criticism from investors over his pay and performance.

The announcement of his departure was one of several updates the Vancouver-based miner posted after markets closed on July 26.

In a note to clients, BMO Capital Markets mining analyst Jackie Przybylowski said that Lindsay had been expected to stay on until the completion of Teck’s Quebrada Blanca Phase 2 (QB2) copper project in Chile.

“In our view, the announcement is viewed as a negative given the success Teck has enjoyed in terms of QB2 project execution, strong operating [free cash flows], and the shareholder-friendly capital returns,” Przybylowski wrote.

“Investors are also generally cautious of management changes in the short term until the new CEO is familiar to them.”

Teck shares reached multi-year highs last month as prices for the

commodities it mines, from coal to copper, jumped on the heels of Russia’s war in Ukraine. Those prices drove record profits for the quarter, with Teck reporting profit attributable to shareholders of $1.7 billion — more than six times higher than last year. The company achieved a record average price of US$453 per tonne for its steelmaking coal during the quarter with 6.3 million tonnes sold, and average realized copper prices of US$4.28 per lb. on sales volumes of 75,800 tonnes.

Teck also announced a new US$500-million share-buyback, which supplements the US$500million and $100-million buyback programs announced earlier this year, which were nearly completed as of June 30.

Quebrada Blanca The company flagged additional costs and a potentially longer timeline at its QB2 expansion in Chile, which is Teck’s most important growth project.

While Teck kept capital cost esti-

Cameco on the front foot as earnings soar | Miner says power utilities are pivoting to long-term contracts in light of Russia conflict URANIUM

S

BY HENRY LAZENBY

hares in Canada’s uranium miner Cameco (TSX: CCO; NYSE: CCJ), gained nearly 10% on July 27 after the company reported higher core profit than expected amid an uptick in uranium prices.

The Saskatoon, Sask.-based company said headline profit per share more than doubled to 18¢, compared with analyst forecasts calling for a loss of 1¢.

Revenue for the three months ended June increased 55% year-on-year to $558 million.

Cameco said uranium revenues this quarter were up 75% compared to 2021 due to an increase of 41% in the Canadian dollar average realized price and a 25% increase in sales volume due to the timing of sales.

While the average U.S. dollar spot price for uranium oxide increased by 63% compared to the same period in 2021, the average realized price only increased by 38% to US$46.30 per lb. due to the impact of fixed price contracts.

“We are benefiting from higher average realized prices in both our uranium sales and our fuel services sales as the market continues to transition and geopolitics continue to highlight concentration of supply concerns,” Tim Gitzel, Cameco’s president and CEO said on an analyst call on July 27.

The uranium executive said Cameco had seen a return to long-term contracting activity by power utilities as they pivot toward procurement strategies that more carefully weigh the origin risk. “This year has already been a contracting success with over 45 million pounds added to our portfolio of longterm uranium contracts, and we continue to have a significant and growing pipeline of contract discussions,” Gitzel said.

“And, we are being strategically patient as our primary driver is value, and we have significant leverage to market improvements with unencumbered pounds in the ground.

Additionally, we are focusing our efforts on capturing conversion business as conversion prices are at record-highs,” he said.

Gitzel underlined that Cameco remained committed to supply discipline. This entails balancing the delivery of low-cost pounds

into committed sales contracts and maintaining unencumbered supply for future years by preserving its tier-one assets.

In May, Cameco, along with Orano, acquired Idemitsu Canada Resources’s nearly 7.9% participating interest in the Cigar Lake Joint Venture in Saskatchewan, lifting Cameco’s ownership stake in Cigar Lake to 54.6%, a rise of 4.5%. It has also been able to catch up on development work at Cigar Lake and is now anticipating production of 18 million lb. uranium oxide on a 100% basis in 2022.

“However, our overall production forecast remains unchanged at up to 11 million lb., a benefit of being a multi-asset producer, as the increase at Cigar Lake largely offsets a slower ramp-up at the Key Lake mill due to some delays in our work schedule,” Gitzel said.

Meanwhile, the company continued to advance the recruitment, training and operational readiness activities at the McArthur River mine and Key Lake mill, also in Saskatchewan, after four years of care and maintenance. The company, which announced the restart of the 70%-owned assets in February, said it now expects production of 2 million lb. uranium oxide from the facilities, down from 5 million lb. it had projected earlier this year due to challenges sourcing materials, equipment and skilled labour.

Cameco also said that it continues to work with its joint venture partner, Kazatomprom (LSE: KAP), at the Inkai uranium mine in Kazakhstan to secure an alternate shipping route that doesn’t rely on Russian rail lines or ports. In the meantime, Cameco, which holds a 40% interest in the mine, continues to delay the shipment of its share of output destined for the Blind River refinery in Ontario. Year-to-date, it has not received any deliveries from its share of Inkai’s 2022 production.

As of June 30, Cameco had $1.4 billion in cash, cash equivalents, short-term investments, and $997 million in long-term debt.

In addition, it has a $1-billion undrawn credit facility.

At $32.40 per share, Cameco’s Toronto-quoted equity is up 48% over the past 12 months, giving it a market capitalization of $12.8 billion. TNM

mates — before Covid-19 impacts — unchanged from its third-quarter 2021 guidance of US$5.3 billion, it increased capital cost guidance for the pandemic impact to between US$1.4 billion and US$1.5 billion, up from the US$900 million-US$1.1 billion range estimated in January.

The miner attributed the increase to wages inflation, the Omicron wave effect in the first quarter and to ongoing inefficiencies such as Covid-related labour shortages, which continue to run at about 10%.

“The project timeline is also potentially extended modestly.

Teck continues to target the fourth quarter of this year for first production, but notes that this may be delayed into January 2023 due to Covid-19 absenteeism and related vendor specialty craft availability”, Pryzbylowski said.

Once in operation, QB2 would double Teck’s copper production, extending Quebrada Blanca’s life by 28 years and boosting production to 300,000 tonnes of copper a

year from 287,000 tonnes in 2017.

The mining giant is already studying a Phase 3 for the mine, which will again double its capacity to 600,000 tonnes of copper a year. The potential extension will make the mine Chile’s second-largest copper operation, after Escondida. It will also situate Quebrada Blanca among the world’s top five copper mines.

In April, Teck reached a deal with Australia’s Golden Rim Resources (ASX: GMR) to earn up to a 75% interest in the Loreto copper project, located 120 km north of Quebrada Blanca.

Inflation has increased Teck’s overall operating costs by 14% from the same period last year, of which about half relates to the increase in diesel costs.

Teck shares dipped about 2% in morning trading on the news, but recovered in the following days. At press time in Toronto, the company’s Class B shares traded at $35.08 within a 52-week range of $24.84 and $57.50. TNM

Chile rejects second Anglo American project in two months ENVIRONMENT

| Regulator nixes El Soldado project in 10-2 vote

The El Soldado copper mine operations in Chile. ANGLOAMERICAN/FLICKR

A

BY CECILIA JAMASMIE

nglo American (LSE: AAL) has suffered a new setback in Chile after the environmental commission of Valparaiso, Coeva, rejected the company’s US$40-million operational continuity project for its El Soldado copper mine, 125 km north of the capital Santiago.

Despite having the backing of the country’s environmental evaluation authority, which recommended the project’s approval, the local regulator scratched the El Soldado Phase V project with 10 voting against and only two in favour.

The news, divulged through social media, was confirmed by the London-based company’s spokesperson.

Aaron Puna, executive president of Anglo American said in a public statement the company was surprised with the resolution.

“The project had a Consolidated Evaluation Report (ICE) that recommended its approval and was backed by all the services that participated in the environmental assessment process.”

This is the sixth mining project vetoed by the government of President Gabriel Boric, who assumed power in March this year and the second for Anglo American.

In May, a Chilean environmental regulator formally rejected the company’s appli-

cation for a US$3 billion expansion of its flagship Los Bronces copper mine.

The asset, one of Anglo American’s two largest copper operations, has been mined for over 150 years and is running out of highgrade ore. The Los Bronces Integrated Project (LBIP) would have allowed the company to tap higher grade ores from a new underground section of the mine, extending its life through 2036.

Anglo American has been the majority-owner of El Soldado since 2002. The mine started operations in 1980 and produced 42.300 tonnes of copper last year, making it relatively small by Chilean standards.

Diego Hernández, president of the country’s National Mining Society (SONAMI) condemned Coeva’s decision.

“It seems to us that it is a very bad sign to see a significant number of projects rejected lately, not only new mines, but operational continuity projects, which are left with no other option than closing down,” he told local paper La Tercera.

Copper deposits are among the hottest assets in mining right now, mainly due to the metal’s use in electric vehicles (EVs) and the global green energy revolution. Experts estimate the copper industry needs to spend more than US$100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes by 2030. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8 — 21, 2022

Teck forms new JV with PolyMet to advance copper projects in Minnesotas

Eloro reports best ever assay at Iska Iska silver-tin project ahead of first resource

| Together, NorthMet and Mesaba projects account for half the Duluth Complex’s known resources

| Cuts 349 metres of 44 g/t silver and 1.05% zinc in higher-grade feeder zone

UNITED STATES

Polymet’s Northmet project in Minnesota. POLYMET MINING

T

BY NAIMUL KARIM

eck Resources (TSX: TECK.A/ TECK.B; NYSE: TECK) has entered into an agreement with PolyMet Mining (TSX: POM; NYSE: PLM) to form the 50:50 joint venture New Range Copper Nickel to advance PolyMet’s NorthMet project and Teck’s Mesaba mineral deposit in northeast Minnesota.

Glencore (LSE: GLEN), which owns about 70% of Polymet, will retain its majority interest in the company and provide financial support to the joint venture. The two copper projects are located near each other in the Duluth complex.

“The New Range copper nickel joint venture brings together two large, well defined mineral resources in the established Iron Range mining region of Minnesota,” Teck CEO Don Lindsay said in a press release on July 20. “This agreement will help unlock a new domestic supply of critical metals for the low-carbon transition through responsible mining.”

PolyMet CEO Jon Cherry described the venture as “extraordinary” and expects it to become one of the largest clean-energy mineral resources in the world.

“With both projects representing approximately half of the known resources of Minnesota’s Duluth Complex… Minnesota emerges as a global leader… in developing strategic minerals to feed the North American supply chain for clean energy technologies,” Cherry said.

EDITORIAL from / 4

diamond valuators, who use proprietary price books to conduct valuations of diamond parcels from a project — which may or may not be representative of the diamonds in a particular orebody.

Part of the issue in accurately estimating diamond prices is that they can be based on too small a parcel size: 5,000 to 10,000 carat parcels are more reliable than 3,000 carats and under, but also more expensive to collect. Parcels also need to be big enough to be representative of major geological units within an orebody.

“Each kimberlite is unique and requires different levels of sampling for reliable results,” Davy said.

The consultant and others in the tight-knit diamond sector believe that both explorers and investors need clearer guidance on reporting for diamond valuations and resources. To that end, an industry

BOLIVIA

At Eloro Resources’ Iska Iska silver-polymetallic project in southern Bolivia. ELORO RESOURCES

Located in the Mesabi Iron Range, the NorthMet project has proven and probable reserves of 263 million tonnes grading 0.288% copper and 0.083% nickel for 1.7 billion lb. copper and 480 million lb. nickel. The reserves lie within measured and indicated resources of 721 million tonnes grading 0.234% copper and 0.071% nickel, according to a 2019 technical report.

The NorthMet project is expected to produce 29,000 tonnes of ore per day over a 20-year permitted mine life, with first production targeted for 2026. Over its first full five years of operations, it is expected to deliver annual payable production of 30,000 tonnes of copper, 3,600 tonnes of nickel, 58,000 oz. of palladium, and 12,000 oz. of platinum.

NorthMet has received nearly two dozen state and federal permits necessary to build and operate the 32,000 tons-per-day (29,000 tonnes) mine and processing facility. Three permits are pending final resolution to achieve project approval, the company said.

Mesaba is an early-stage project which hosts 244 million measured tonnes grading 0.47% copper; 1.3 billion indicated tonnes grading 0.42%, and 1.5 billion inferred tonnes at 0.35% copper. According to Teck, the project contains “significant undeveloped copper-nickel resources.”

At press time in Toronto, shares of PolyMet Mining were trading at $3.79, up 25¢ or 7.1%, within a 52-week trading range of $3.05 and $6.15. TNM

committee co-chaired by Davy and Malcolm Thurston, who recently retired at head of geoscience and mineral resource management for De Beers, has been formed to review and improve CIM guidance for evaluation and reporting of diamond resources. The committee’s work will include how to clearly communicate the complexities of diamond valuation modelling to investors and will be reviewed by the CIM and potentially incorporated into their resource guidance in the future.

One challenge for the committee is to improve certainty around disclosure without making it impossible for juniors to report on earlier stage discoveries — for example by making minimum size parcels a requirement even if they’re out of reach for smaller companies.

However dark it looks right now, explorers like Brooke Clements, who led the teams that discovered both Chidliak in Nunavut in 2008 and Renard in 2001, are hopeful

9

T

Eloro Resources’ Iska Iska project in Bolivia.

ELORO RESOURCES

BY NAIMUL KARIM

he latest two drill holes Eloro Resources (TSXV: ELO; US-OTC: ELRRF) has released from its Iska Iska silver-tin project in the Potosi Department of southern Bolivia, are also the best to date.

Highlights from hole DSBU-10, an underground hole drilled across the higher-grade feeder zone at the Santa Barbara Resource definition area included 349 metres grading 44.75 grams silver per tonne, 1.05% zinc, 0.08 gram gold, 0.76% lead and 0.14% tin (or 188.64 grams silver-equivalent per tonne) starting from surface. It also cut 10.3 metres grading 34.45 grams silver, 1.79% zinc, 0.11 gram gold, 0.73% lead and 0.06% tin (or 185.24 grams silver equivalent per tonne) starting from 667.3 metres.

The hole has returned the highest grade and the longest intersection of the project so far, Eloro said. True widths are yet to be confirmed, but are estimated at 70% to 90% of drilled lengths.

Results from surface drill hole DHK-24, located about 100 metres from DSBU-10, included 7.6 metres grading 764.26 grams silver and 0.34% zinc (967 grams silver equivalent) starting from 548.8 metres; and 52.9 metres grading 26.25 grams silver and 2.74% zinc (226.06 grams silver equivalent), starting from 64.1 metres.

“These are the best drilling results to date at Iska Iska,” the company’s CEO Tom

that the diamond sector’s fortunes could see a revival. After all, even the big players need new discoveries and mining is a cyclical industry where the best returns come from investments made during the troughs.

“Even though man-made diamonds keep getting cheaper, mined diamonds are still at all-time highs,” Clements notes.

Clements, who runs private exploration company Craton Minerals, says that while it’s a far cry from the peak of diamond investment in Canada in 2006, when $350 million was spent on exploration, De Beers and Rio Tinto, juniors Arctic Star Exploration, North Arrow Minerals and several more in Ontario including RJK Exploration and Tres-Or Resources are still actively looking.

“If you’re an explorer and you’re able to raise some money, it’s kind of a nice time because you don’t have any competition.” TNM

Larsen said in a press release on July 21.

“The significance of DSBU-10 and DHK-24, both drilled at -60 degrees, further strengthens our geological belief that there is major tonnage potential in this feeder system that further expands the already extensive initial Santa Barbara mineral resource.”

The company has drilled about 64,573 metres in 102 drill holes at Iska Iska site to date and is currently focused on completing drilling in the Santa Barbara resource definition area as it aims to release an initial resource for the project in the third quarter.

The major feeder zone at Santa Barbara remains open to the southeast where further drilling is now in progress, Eloro said.

The Iska Iska polymetallic porphyry-epithermal complex is located in the southwest part of Bolivia’s Eastern Cordillera. Eloro has an option to earn a 99% interest in the royalty-free project.

In a note to clients, Cantor Fitzgerald mining analyst Matthew O’Keefe estimated the initial resource at Iska Iska will be in the range of 200 to 400 million tonnes grading between 60 and 100 grams silver equivalent per tonne. O’Keefe puts the base case at 280 million tonnes grading 70 grams silver equivalent per tonne for 630 million oz. silver equivalent.

At press time in Toronto in late July, shares of Eloro Resources were trading at $4.02, up 72¢ or 21.8% in the past month. The shares have traded within a 52-week range of $2.90 and $5.44. TNM

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SPECIAL FOCUS

USA

TOP TEN Top Ten US-based juniors to mid-tiers, excluding precious metals and coal

BY CARL A. WILLIAMS

This year’s ranking of the top 10 U.S.-based juniors (excluding precious metals and coal) based on market capitalization as of July 21 and compiled by our sister company Mining Intelligence features three new entrants, including Brazil Minerals and Excelsior Mining.

1. ENERGY FUELS Market cap: $1.6 billion (US$1.2 billion) Headquartered in Colorado, Energy Fuels (TSX: EFR; NYSE: UUUU) is the leading producer of uranium in the U.S., a major vanadium producer, and an emerging producer of rare earth elements (REEs). The company retains its top ranking from last year.

Energy Fuels’ uranium assets include key centres of uranium production: the White Mesa mill in Utah, the only fully-licenced and operating conventional uranium mill in the U.S., the Nichols Ranch in-situ recovery (ISR) project in Wyoming, the Alta Mesa ISR project in Texas, and the Pinyon Plain uranium mine in Arizona, the highest-grade uranium project being developed in the United States.

In May, the company entered into binding agreements to acquire 151 sq. km in mineral concessions in Brazil’s eastern Bahia state. Based on historical drilling, Energy Fuels believes the concessions (referred to as the Bahia project) have the potential to supply around 3,000-10,000 tonnes per year of monazite sand containing about 1,500-5,000 tonnes of rare earth oxides to feed its emerging U.S.-based REE supply chain.

Bahia is a well-known heavy mineral sand (HMS) deposit with over 3,000 vertical historic exploration auger holes drilled to date,

including significant quantities of titanium (ilmenite and rutile), zirconium, and REEs. This year, Energy Fuels plans extensive exploration work to further define and quantify the HMS resource, including a comprehensive sonic drilling and geophysical mapping program to define grades and depths for the various mineral products associated with the project.

In April, the company made three commercial shipments of uranium, vanadium, and REEs through the White Mesa mill, which included natural uranium concentrates to the Metropolis Works uranium conversion facility in Illinois, vanadium pentoxide to Bear Metallurgical in Pennsylvania, and REE carbonate to Neo Performance Materials’ Silmet facility in Estonia.

Energy Fuels said the shipments demonstrate its ability to become a “clean energy and critical mineral hub” in the United States. The company has set its 2022 production guidance at 100,000-120,000 lb. of uranium oxide and 650-1,000 tonnes of mixed REE carbonate.

2 URANIUM ENERGY Market cap: $1.4 billion (US$1.1 billion) Uranium Energy (NYSE-AM: UEC) is a pure-play uranium company advancing the next generation of low-cost ISR uranium projects. These include two pro-

A rig drilling the first well at Excelsior Mining’s Gunnison in-situ copper project in Arizona. EXCELSIOR MINING

duction-ready ISR hub-and-spoke platforms in Texas and Wyoming, anchored by fully licenced and operational processing capacity at the Hobson and Irigaray plants.

The Texas-headquartered company has seven U.S.-based uranium projects, all of which have major permits in place. It also holds a diverse portfolio of uranium assets, including one of the largest physical uranium portfolios of U.S. warehoused uranium oxide (U₃O₈); a major equity stake in the

NATURAL RESOURCES Trusted.

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only royalty company in the sector, Uranium Royalty (TSXV: URC; NASDAQ: UROY); and a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay.

In July, Uranium Energy reported resources for its 1,172.3-sq.-km Yuty project within the Paraná Basin of southeastern Paraguay, that it operates through a wholly owned subsidiary, Transandes Paraguay S.A., which holds a 100% interest in the concessions. The project contains 8.2 million indicated tonnes grading 0.049% U3O8 for 9 million lb.

U₃O₈ and inferred resources of 2.5 million tonnes grading 0.04% U3O8 for 2.2 million lb. U3O8.

That same month, the company released an indicated resource estimate for its Anderson project in Arizona which stands at 15.2 million tonnes grading 0.099% U3O8 for 32.1 million lb. U3O8.

3 INTREPID POTASH Market cap: $730.7 billion (US$566.7 million) Intrepid Potash (NYSE: IPI) supplies high-quality potassium, magnesium, sulphur, salt, and water products for use in agriculture, animal feed, and the oil and gas industry.

The Denver-based company is the only U.S. producer of muriate of potash, which is used in several industrial applications and as an ingredient in animal feed.

Intrepid operates three solar evaporation mines in Wendover and Moab in Utah, and Carlsbad in New Mexico, which it says provide an environmentally friendly

method of producing potash and salt. The company also operates a conventional underground mine in Carlsbad that hosts one of the largest known reserves of langbeinite, a naturally occurring fertilizer that it markets under the brand name Trio, a specialty fertilizer, which delivers potassium, magnesium, and sulphate in a single particle.

In May, Intrepid released its financial performance for the first quarter of 2022. The company reported that total sales had increased to US$104.4 million compared with US$71.5 million for the same period last year.

The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were US$50.2 million, a US$36.3 million increase over the same quarter in 2021 and a US$25.4 million increase over the prior quarter, and the best performance since the third quarter of 2012, the company said.

As of the end of April, Intrepid had approximately US$80 million in cash and US$74 million available under its revolving credit facility, for total liquidity of approximately US$154 million.

4 UR-ENERGY Market cap: $424.1 million (US$328.9 million) Ur-Energy (TSX: URE; NYSE-AM: URG) rose by one position from last year to place fourth in 2022.

Headquartered in Colorado, the company owns 194.2 sq. km of mineral rights in Wyoming, See US TOP 10 / 11

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8–21, 2022

SPECIAL FOCUS US TOP 10

11

Uranium Energy’s Palangana ISR uranium mine in south Texas. URANIUM ENERGY

US TOP 10 from 10

which include the Lost Creek ISR uranium facility in Sweetwater County that produced 2.7 million lb. of U3O8 between 2013 and 2021 from two of 12 planned mining areas, and the Shirley Basin ISR uranium project in Carbon County which is construction ready with all major permits and licences in hand.

In March, Ur-Energy released an updated resource estimate for Lost Creek and an initial estimate for Shirley Basin. In conjunction with the resource estimates, it also released preliminary economic assessments (PEA) for the two projects.

Lost Creek now contains 6.5 million measured tonnes grading 0.048% U3O8 for 6.89 million lb. of U3O8 and indicated resources of 6.8 million tonnes at 0.046% U3O8 for 5 million lb. of U3O8.

The PEA for the project, which assumes the restart of wellfield development activities and the subsequent ramp-up of production up to 1 million lb. U3O8 per year, estimates that the project would produce 12.3 million lb. over a 14-year mine life at total operating costs of US$16.34 per lb. of uranium over the mine’s life. The after-tax net present value was estimated at US$156.8 million (using an 8% discount rate) with an after-tax internal rate of return of 66.8%.

Initial capital costs were pegged at US$46.5 million, with sustaining capital of US$19.9 million over the life of the mine.

Resources for Shirley Basin stand at 1.7 million measured and indicated tonnes grading 0.048% U3O8 for 6.9 million lb. of U3O8 and indicated resources of 6.8 million tonnes at 0.23% U3O8 for 8.8 million lb. of U3O8.

The project, which would be developed as a satellite deposit of Lost Creek, is expected to have a mine life of 13 years and produce a total of 6.4 million lb. of uranium in the first nine years, with life-ofmine operating costs of US$15.86 per lb. of uranium.

5 NIOCORP DEVELOPMENTS Market cap: $312.2 million (US$242.1 million) NioCorp Developments (TSX: NB; US-OTC: NIOBF) is focused on developing production of niobium, scandium, titanium, and three magnetic rare earth oxides —

A train near Intrepid Potash’s Carlsbad project in New Mexico. INTREPID POTASH

Taking samples at Solitario Zinc’s Golden Crest project in South Dakota. SOLITARIO ZINC

neodymium-praseodymium, dysprosium, and terbium — from its Elk Creek project in southeastern Nebraska, about 105 km southeast of the state capital Lincoln.

The Colorado-headquartered company says that once in commercial production, Elk Creek will establish for the first time in decades a U.S. production capability for niobium, and will also establish

Nebraska as a global leader in the production of scandium.

In June, NioCorp released an updated feasibility study for the project. The study envisions a mining operation with a 38-year mine life, with an average annual life-ofmine production of 4,348 tonnes of ferroniobium, 102 tonnes of scandium trioxide, and 12,063 tonnes of titanium oxide. Niobium

is a crucial component in high strength, low-alloy steel, scandium is used in ultra-high-performance aluminium alloys, and titainum is used in the aerospace, national defence, chemical processing, automotive, and other industries.

The feasibility pegged initial capital costs at US$1.1 billion, with US$412.4 million budgeted for sustaining capital over the life

of the mine. The after-tax net present value was estimated at US$2.4 billion (using an 8% discount rate) with a 27.6% after-tax internal rate of return and a payback period of 2.7 years. The study did not include the rare earth products.

The updated study was based on 188.8 million indicated tonnes grading 0.51% niobium oxide (Nb2O5), 2.24% titanium dioxide (TiO2), and 60.06 grams scandium per tonne for 970,300 tonnes contained Nb2O5, 4.21 million tonnes TiO2, and 11,337 tonnes scandium.

Inferred resources add 108.3 billion tonnes grading 0.39% Nb2O5, 1.92% TiO2, and 52.28 grams scandium for 426,600 tonnes Nb2O5, 2.1 million tonnes TiO2, and 5,660.2 tonnes scandium.

6 TEXAS MINERAL RESOURCES Market cap: $172.1 million (US$133.5 million) Exploration company Texas Mineral Resources (US-OTC: TMRC) is targeting high-value heavy REEs, technology metals, and industrial minerals through its 20% ownership in the Round Top Mountain project in Texas’s Hudspeth County, approximately 137 km southeast of El Paso.

The company holds 19-year renewable leases covering 3.9 sq. km that encompass the Round Top deposit and additional prospecting permits on adjacent areas covering an additional 37.8 sq. kilometres. The deposit contains 16 of 17 rare earths, including all 11 heavy REEs and five light REEs, all five of which are required to make permanent magnets.

In June, Texas Minerals announced that it plans to invest more than US$100 million to develop the first fully integrated U.S.based REE and sintered neo-magnet manufacturing facility in Stillwater, OK. The company says it will utilize its owned facilities and technology to convert rare earth oxides into metals, magnets, and other specialty materials.

Last August, Texas Minerals and USA Rare Earth LLC, the operator and 80% owner of Round Top, announced that USA Rare Earth had recently acquired additional land for the construction of a demonstration facility. The acquisition will provide support See US TOP 10 / 12

12

AUGUST 8–21, 2022 / THE NORTHERN MINER

SPECIAL FOCUS US TOP 10

WWW.NORTHERNMINER.COM

US TOP 10 from 11

to the final design and regulatory review for the facility, and process representative material for evaluation by prospective customers.

A 2019 PEA for Round Top estimated annual production of 2,213 tonnes of REEs, of which over 1,900 tonnes would be heavy REEs, over a 20-year mine life from an open pit mine. The estimation was based on mining only 14% of the current mineral resources at the project.

7 WESTWATER RESOURCES Market cap: $70.9 million (US$55 million) Headquartered in Colorado, Westwater Resources (NYSE-AM; WWR) is focused on advancing its 100%-owned flagship Coosa graphite project in east-central Alabama, about 80 km southeast of Birmingham.

The approximately 170-sq.-km property lies in the heart of the historic, past-producing Alabama graphite belt and is the most advanced natural graphite flake project in the contiguous U.S., according to Westwater. The company plans to produce battery-grade, natural graphite products from Coosa that are essential to clean energy production.

In June, Westwater announced that it had received its air permit from the Alabama Department of Environmental Management (ADEM) for the Kellyton graphite processing plant, allowing Alabama Graphite Products LLC, a subsidiary of Westwater Resources, to begin vertical construction at the plant.

The US$202-million Kellyton plant, which is being built in the Lake Martin Regional Industrial Park in Coosa County, will process raw graphite into refined, battery-grade graphite for use in batteries that power electric vehicles, electronics, and many other products. When fully operational, the plant is expected to produce 7,500 tonnes of refined graphite per year.

Westwater says mining operations at Coosa are expected to commence at the end of 2028.

Until then, the Kellyton plant will import feed graphite acquired from high-quality sources.

In April, the company completed exploration drilling on approximately 16 sq. km of the property.

It expects to release an updated resource by the end of the year.

8 BRAZIL MINERALS Market cap: $67.8 million (US$52.6 million) Brazil Minerals (US-OTC: BMIX) makes the top 10 list for the first time. The exploration company is focused on the minerals essential to the global transition from fossil fuels to electrification.

The company’s portfolio includes projects and properties that encompass approximately 243 sq. km for lithium, 121 sq. km for REEs, 89 sq. km for titanium, 59 sq. km for graphite, and 30 sq. km for nickel and cobalt. It also holds multiple mining concessions for gold, diamonds, and industrial sand and, through partial ownership of two subsidiaries, has interests in iron, gold, and quartzite projects.

In July, Brazil Minerals signed an option agreement to acquire a 3.9-sq.-km high-potential lithium mineral concession in the Bananal Valley in Brazil’s Salinas municipality and within the Araçuaí Hard Rock lithium district in the Minas Gerais state.

The concession contains a massive pegmatitic outcrop measuring approximately 30 metres in diam-

An aerial view of Energy Fuels’ Nichols Ranch ISR mine and plant in Wyoming. ENERGY FUELS

Geologists and technicians collect samples at Texas Mineral Resources’ Round Top project in Hudspeth County, Texas. TEXAS MINERAL RESOURCES

Drill rigs at NioCorp Developments’ Elk Creek niobium project in southeastern Nebraska. NIOCORP DEVELOPMENTS Drill core from Brazil Minerals’ Minas Gerais lithium project in Brazil. BRAZIL MINERALS

TOP 10 US-BASED JUNIORS TO MID-TIERS (EX COAL AND PRECIOUS METALS) 2022 Company Commodity ranking

Market cap Last year’s (US$) on position July 21, 2022

1

Energy Fuels

Uranium

1,220.0

Ranked 1 in 2021

2

Uranium Energy

Uranium

1,060.0

Ranked 2 in 2021

3

Intrepid Potash

Potash

566.7

Ranked 3 in 2021

4

Ur-Energy

Uranium

328.9

Ranked 5 in 2021

242.1

Ranked 4 in 2021

133.5

Ranked 7 in 2021

55.0

Ranked 6 in 2021

5 NioCorp Developments

6

Niobium/ scandium/ titanium

Texas Mineral Resources Rare earths

7 Westwater Resources

Graphite, vanadium

8

Brazil Minerals

Lithium

52.6

New to Top 10

9

Excelsior Mining

Copper

45.35

New to Top 10

10

Solitario Zinc Corp.

Zinc, gold

33.03

New to Top 10

All data from Mining Intelligence as of July 21.

eter and 8 metres in height, which it is noted is several times larger than the average size of regular outcropping pegmatites.

In May, the company received presumptive exploratory permits for six additional nickel mineral rights encompassing 117.7 sq. km in Brazil’s Goiás state. One of these rights is adjacent to a nickel producing mine, and all are in a district known for lateritic nickel deposits, it said.

9 EXCELSIOR MINING Market cap: $58.5 million (US$45.4 million) Arizona-based Excelsior Mining (TSX: MIN; US-OTC: EXMGF) has a portfolio of assets including the Gunnison copper project, the past-producing Johnson Camp copper mine, and the Peabody Sill and Strong and Harris copper-zinc-silver deposit, all located in the state’s Cochise County.

In June, Excelsior reported as-

says from a recently completed 43hole infill drill program at Johnson Camp. Drilled in the northeast corner of the Burro pit, highlights include holes EBD-21, which intersected 5.2 metres grading 2.05% copper starting from 51.8 metres downhole, and EBD-26, which returned 1.7 metres grading 4.03% copper from 53.8 metres. Assays from six holes are pending.

The company said the results will allow it to develop a mine plan on this new, higher-grade, mineralized zone.

In March, Excelsior released a PEA on the Johnson Camp heap leach operation. The study outlined an operation producing 65.9 million lb. copper over an approximate five-year period.

Using a 7.5% discount rate, the PEA estimated the operation would have an after-tax net present value of US$7.8 million and after-tax internal rate of return of 13.4%. Initial capital for the new heap leach pad was pegged at US$26.5 million, while the initial mine capital was set at US$14.3 million.

That same month, the company released an updated prefeasibility study on the North Star deposit on Gunnison that envisioned a mining operation producing a total of 2.2 billion lb. of copper over a 24-year mine life. Using a 7.5% discount rate and US$3.93 per lb. of copper, the study estimated an after-tax net present value and internal rate of

return of US$1.4 billion and 44.9%, respectively. Preproduction capital stands at US$45.1 million and would be paid back in 4.8 years.

10 SOLITARIO ZINC Market cap: $42.6 million (US$33.03 million) Colorado-headquartered Solitario Zinc (TSX: SLR; NYSE: XPL) is an exploration and development company with zinc properties in North and South America. These include Link in Alaska, a 50%-50% joint venture with Teck Resources (TSX: TECK.A/TECK.B: NYSE: TECK), and Florida Canyon in Peru, a 39%-61% joint venture with Nexa Resources (TSX: NEXA; NYSE: NEXA). It also owns 100% of the 113.3-sq.-km Golden Crest gold project in southwestern South Dakota.

In May, the company announced plans to drill three core holes (650 metres) on Link this summer to test resource extensions to the northeast and northwest margins of a defined resource area, with the third hole on the southern margin.

At Florida Canyon, it said it plans to complete metallurgical testing on approximately five tonnes of previously drilled mineralized core to better estimate zinc, lead, and silver recoveries and to drill over 80 new holes in areas to the south, east, and southeast of the Florida Canyon deposit. TNM

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8–21, 2022

SPECIAL FOCUS AUSTRALIANS EXPLORING CANADA

13

AUSTRALIANS IN CANADA SNAPSHOT: EIGHT COMPANIES TO WATCH

BY CARL A. WILLIAMS

Australia and Canada share a rich and storied mining tradition. Both are home to vast mineral resources, abundant infrastructure, effective regulatory regimes, and supportive legislation, and are considered tier-one mining jurisdictions. With more and more Australian companies acquiring projects in Canada, here are eight that are focused on exploration.

92ENERGY 92Energy (ASX: 92E) is a uranium explorer and holds a 100%-interest in five projects in Saskatchewan’s Athabasca Basin, including Gemini, Tower, Clover, Powerline, and Cypress River.

Headquartered in Perth, Western Australia. the company’s focus is on its early-stage unconformity-associated Gemini exploration project. Gemini straddles the eastern margin of the Athabasca Basin, approximately 780 km northeast of Saskatoon and 27 km southeast of Cameco’s (TSX: CCO; NYSE: CCJ) McArthur River mine, one of the largest and highest-grade uranium mines in the world.

In July, 92Energy received the finals assay results from its 2022 winter drill program at Gemini.

Completed in April, the program comprised 12 holes drilled at the GMZ uranium discovery on the property, with nine of the holes intersecting mineralization.

Highlights from the drilling included holes GEM22-006, which intersected 8 metres grading 0.25% uranium oxide (U3O8) starting from 229 metres, including a higher-grade core of 1 metre at 0.78% U3O8; and GEM22-013, which returned 2.5 metres grading 0.17% U3O8 from 106.5 metres.

The company says a summer drill program is already underway with drilling focused to the southwest of GMZ, where it says uranium mineralization appears to be nearing the top of the bedrock and is increasing in thickness relative to the intercepts from the winter program.

A total of six drill holes (2,038 metres) of an initial 6,000 metres have already been completed.

Highlights include holes GEM22025, which cut 41.8 metres at 0.5% U3O8 from 172.8 metres, including 6.4 metres at 2% U3O8 and 0.8 metre at 1.3% U3O8; and GEM22027, which intersected 34.4 metres at 0.2% U3O8 from 158.6 metres, including 1.2 metres at 0.8% U3O8.

Commenting in a July 18 press release, Siobhan Lancaster, 92Energy’s managing director and CEO, said “We continue to vector in on a significant new discovery at the GMZ, with results reported during the ongoing summer 2022 drill program returning thicker and higher-grade mineralization.”

92Energy has a market cap of A$37.36 million ($33.34 million). n

ASTON MINERALS Aston Minerals (ASX: ASO) is a nickel-cobalt and gold explorer that is developing the Edleston n

A drill rig at Matador Mining’s Cape Ray gold project in Newfoundland. MATADOR MINING

Left: Winsome Resources managing director Chris Evans at the Adina lithium project in Quebec.

WINSOME RESOURCES

project in the Abitibi greenstone belt of Ontario, approximately 60 km south of Timmins.

The West Australia-based company is focused on the Boomerang nickel-cobalt sulphide target on the property. The target is defined over 6.5 km of strike, 500-1,500 metres wide, and extends to over 500 metres depth.

In May, Aston reported initial results from the early-stage metallurgical testing of nickel-cobalt sulphide mineralization at the target. The company said that conventional flotation concentration of disseminated mineralization from diamond hole DDED21-076 drilled on the Bardwell prospect on the target resulted in a saleable nickel-cobalt concentrate.

The concentrate graded 11.29% nickel, 0.37% cobalt, 24% sulphur, 38.2% iron, and 8.2% magnesium oxide with a 60% nickel recovery on an open circuit basis through rougher flotation and a three-stage cleaning circuit.

Dale Ginn, Aston’s managing director, said in a May 23 press release that “the results from our initial testing are comparable to the metallurgical recoveries of existing

substantial nickel sulphide operations globally. The testing methods we undertook are all first pass conventional methods of flotation and are by no means optimized.”

He added that the company is “incredibly encouraged by the results and have identified multiple opportunities to improve upon the results including a combination of coarsening the grind size, grinding after flotation and utilization of magnetic separation of the slimes produced from primary crushing.”

In April, Aston provided drill results from an ongoing drilling campaign consisting of three drill rigs on the Bardwell and Olecranon prospects. The drilling intercepted multiple zones of mineralization and extended the drill tested strike to 1 km.

Highlights from the drilling included hole DDED22-082, which intersected 159.71 metres grading 0.36% nickel and 0.013% cobalt starting from 206.3 metres downhole, including 83 metres at 0.44% nickel and 0.016% cobalt.

Drilled on Olecranon, DDED22079 returned 205 metres at 0.27% nickel and 0.011% cobalt from 333 metres.

Aston Minerals has a market cap of A$116.92 million ($104.36 million) AUTECO MINERALS Auteco Minerals (ASX: AUT) is a gold exploration company focused on advancing its 70%-owned flagship Pickle Crow project in northern Ontario, about 400 km north of Thunder Bay. In June, the Perth-headquartered company reported a significant regional discovery at a previously undrilled mineralized Banded Iron Formation at the Talia prospect, approximately 1 km from the current resource area.

The discovery hole, RVDD0038, intersected 5.5 metres grading 18 grams gold per tonne from 44.9 metres downhole. Auteco said that the drill result demonstrates the considerable upside potential from early-stage exploration away from an area with a defined resource.

The company says that multiple regional targets are now being drilled as part of a 50,000-metre diamond drill core program at the 500-sq.-km project. The targets, it says, are all located within 20 km of the historic Pickle Crow mine, n

which contains inferred resources of 8.9 million tonnes grading 7.8 grams gold per tonne for 2.2 million contained gold ounces.

Auteco says the resource estimate includes drill results from 29,883 metres of the 50,000-metre drilling campaign that started last June and is focused on near-mine discovery, extension of the known mineralized veins, and infill drilling to better define the orebody.

The regional targets are either conceptual in nature and being drilled for the first time or are targets that have had limited historic drilling, it says.

Other drill results released in May include holes RVDD0017, which returned 5.4 metres grading 2.6 grams gold per tonne from 94.4 metres; RVDD0026, which cut 2.8 metres at 4.3 grams gold from 60 metres; and RVDD0051, which intersected 0.9 metre at 14.7 grams gold from 262.6 metres.

Commenting in a June 23 press release, Ray Sharrocks, Auteco’s executive chairman, said the company will continue the exploration campaign and expects to complete another 50,000 metres of drilling by early 2023.”

Auteco Minerals has a market cap of A$93 million ($83.1 million).

GREEN TECHNOLOGY METALS Green Technology Metals (ASX: GT1) is a North American-focused lithium exploration and development company.

The company holds an 80% interest in a portfolio of three highgrade, hard rock spodumene assets (Seymour, Root, and Wisa) under a joint venture with Ardiden (ASX: ADV) and lithium exploration claims (Allison and Solstice) within the highly prospective Archean greenstone belt in northwestern Ontario.

In July, Green Technology provided an update on a recommenced diamond drilling campaign at its flagship Seymour property near the township of Armstrong and approximately 250 km north of Thunder Bay. The drilling is on the North n

See SNAPSHOT / 14

14

AUGUST 8–21, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

SPECIAL FOCUS AUSTRALIANS EXPLORING CANADA

Tempus Resources’ Blackdome-Elizabeth gold project in British Columbia.TEMPUS RESOURCES

have now been identified at Malachite, including 716 gold grain samples previously reported in April.

Commenting in a June 8 press release, Sam Pazuki, the company’s chief executive officer, said the final batch of till samples from Malachite “have further confirmed how prospective we believe this new area to be,” adding that “finding gold grains in these numbers, and with so many in pristine condition, is highly encouraging and suggests we could have gold-bearing structures in bedrock very close to the sample location.”

Matador Mining has a market cap of A$26.1 million ($23.36 million).

SNAPSHOT from 13

Aubry deposit, with the aim of further increasing a recently updated mineral resource estimate and is focused along strike to the north and further extensions to depth.

To date, the company has completed two holes. The first, GTDD22-0323, was drilled 60 metres northwest of the nearest previous hole and intersected 17.9 metres grading 15% spodumene from 218 metres downhole, including 6.7 metres at 25% spodumene, and 7.7 metres at 41% spodumene from 377.9 metres.

Drilled down-dip of GTDD22-0323, hole GTDD-22-0128 returned 6.4 metres at 10% spodumene from 252.3 metres and 18.6 metres at 4% spodumene from 312 metres.

Following the drill results, the company now plans to conduct additional step-out holes at North Aubry further targeting a northerly strike extension, along with testing of accompanying downdip extensional opportunities, with the next planned drill hole located approximately 100 metres further north-west of GTDD-22-0323.

In June, the company released an updated JORC-compliant mineral resource estimate for Seymour.

The project now contains 9.9 million tonnes grading 1.04% lithium oxide and 137 parts per million tantalum pentoxide with approximately 53% of the resource in the indicated category.

The updated resource, it said, includes drill results from the first phase of drilling undertaken at North Aubry and comprises a total of 199 diamond holes for a total of 26,244 metres.

Green Technology Metals has a market cap of A$177.73 million ($158.8 million).

MATADOR MINING Newfoundland-focused Matador n

MONT ROYAL RESOURCES Mont Royal Resources (ASX: MRZ) is focused on advancing the Wapatik gold-copper project in Quebec.

In September 2020, the Sydneyheadquartered explorer entered a joint venture agreement with Canadian junior Azimut Exploration (TSXV: AZM; US-OTC: AZMTF) to earn-in up to a 70% interest in Wapatik.

The property encompasses 220 claims totaling 115 sq. km located on the lower Eastmain greenstone belt in the James Bay area and is approximately 13 km east of Azimut’s Patwon gold discovery/ Elmer gold-polymetallic property and 58 km southwest of Newmont’s (TSX: NGT; NYSE: NEM) Éléonore gold mine.

In June, Mont Royal announced the discovery of nickel-copper massive sulphide mineralization at Wapatik during an initial 1,000metre diamond drill program.

The discovery hole, WAP22023, intersected 3.3 metres grading 2.68% nickel, 1.3% copper, and 0.09% cobalt starting from 143.4 metres downhole, includn

Examining drill core at 92Energy’s Gemini project in Saskatchewan’s Athabasca Basin. 92ENERGY

Mining (ASX: MZZ; US-OTC: MZZMF) is a gold exploration company with landholdings totaling 1,033 sq. km that include the Cape Ray and Hermitage projects.

Headquartered in Perth, the company is focused on advancing Cape Ray, which covers approximately 120 km of strike along the highly prospective and underexplored Cape Ray shear zone.

The project currently hosts a resource of 3.5 million indicated tonnes grading 3.15 grams gold

per tonne for 356,000 oz. contained gold and 918,000 oz. silver and inferred resources of 9.4 million tonnes grading 1.6 grams gold and 7 grams silver for 481,000 oz. gold and 2.1 million silver ounces.

The resource includes four deposits, all of which are within 15 km of strike.

In June, Matador released the final batch of results from an extensive till sampling program completed near Cape Ray in late 2021.

The sampling led to an addi-

tional eight high-tenor gold anomalies identified in the western side of the 15- by 4-km Malachite structural target area in the centre of the property. The company reported that 336 gold grains were recovered from one till sample collected 470 metres south of the Cape Ray shear zone and contained 76 pristine gold grains, which it said indicates the sample lies close to the gold source.

Matador says that a total of 17 high-tenor gold grain anomalies

See SNAPSHOT / 15

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8–21, 2022

SPECIAL FOCUS AUSTRALIANS EXPLORING CANADA

15

Aston Minerals is exploring its Edleston project 60 km south of Timmins, Ont., for nickel and cobalt.ASTON MINERALS

Azimut Exploration’s Wapatik property in Quebec is under option to Mont Royal Resources. AZIMUT EXPLORATION

Vein structure, that hole intersected 1 metre of mineralization from 105.2 metres downhole and showed the presence of visible gold in a 0.03-metre quartz stringer within the vein, with grains of visible gold also observed in the uncut core at the hanging wall side of the vein structure plus an additional grain of visible gold observed at 106 metres.

The company said that this was the second drill hole to encounter visible gold during its summer 2022 drill program, with previously reported DDHEZ-22-03 intersecting quartz veining at a downhole depth of 96.9-97.3 metres and 124124.1 metres.

Commenting in a July 7 press release, Jason Bahnsen, Tempus’s president and CEO, said the company “has completed the first nine holes of the program that have been focused on extending the Blue Vein gold mineralization,” adding that “the repeated observation of visible gold in drill-holes bodes well for assays, which are expected to be received within the next few weeks for the first few drill-holes.”

Tempus Resources has a market cap of A$8.8 million ($7.9 million).

SNAPSHOT from 14

ing 1 metre of 3.63% nickel, 0.48% nickel, and 0.12% nickel; and 1.1 metres at 3.04% nickel, 0.75% copper, and 0.1% cobalt.

“The discovery of this massive sulphide mineralization is a major step in advancing our exploration plans at the project,” said Peter Ruse, the company’s executive director, in a June 30 press release announcing the discovery.

“Given the results from this initial discovery hole, we’ve immediately moved to follow up with a Phase 2 drill program to further delineate sulphide accumulation both along strike and down dip confirmed by downhole electromagnetic survey,” he added.

Follow-up drilling comprising six diamond drill holes is underway on the property.

In December, Mont Royal acquired a 75% interest in Northern Lights Minerals Pty Ltd., which has the rights to acquire a 536-sq.-km land package across the upper Eastmain greenstone belt, approximately 300 km northeast of the town of Chibougamau.

The land package hosts the 100%-owned Tarku, RHR-Extension, and CR properties, with Northern Lights also having the option to acquire a 70% interest in Dios Exploration Inc.’s assets and the rights to acquire 100% of Focus Graphite’s (TSXV: FMS; US-OTC: FCSMF) assets.

Mont Royal Resources has a market cap of A$21.5 million ($19.2 million).

TEMPUS RESOURCES Tempus Resources (ASX: TMR: TSXV: TMRR; US-OTC: TMRFF) is a gold, silver, and copper exploration and development company with properties in Canada and Ecuador.

Headquartered in Perth, the junior explorer is focused on n

Darren Cooke, Auteco Minerals CEO, on a drill rig at the Pickle Crow gold project in Ontario. AUTECO MINERALS

WINSOME RESOURCES Winsome Resources (ASX: WR1) is a lithium exploration and development company with a portfolio of assets in Quebec. These include three 100%-owned projects — Cancet, Adina, and Clappier — in the James Bay region, and has the option to acquire the Decelles and Mazerac projects near Val-d’Ór, approximately 600 km northwest of Montreal.

In July, Winsome released the final drill results from its 2022 winter drill program on its flagship Cancet property, the most advanced of its lithium projects, which comprises 395 claims encompassing over 200 sq. km, n

A site tour of Green Technology Metals’ Root lithium project, 300 km northwest of Thunder Bay, Ont. GREEN TECHNOLOGY METALS

advancing its flagship Blackdome-Elizabeth gold project in southern British Columbia, approximately 200 km north of Vancouver. The property comprises two zones of mineralization — Elizabeth and Blackdome.

The Elizabeth zone hosts auriferous quartz vein mineralization and is approximately 35 km east of the past-producing Bralorne gold mine owned by Talisker Resources (TSX: TSK; US-OTC: TSKFF), which produced 4.2 mil-

lion oz. of gold at a grade of 17.7 grams gold per tonne between 1928 and 1971.

About 30 km north of Elizabeth, Blackdome hosts low-sulphidation, structurally controlled, epithermal gold mineralization and previously produced 225,000 oz. of gold grading 20 grams gold per tonne.

In July, Tempus announced that visible mineralization had been observed in drillhole DDHEZ-2209 at Elizabeth. Drilled on the Blue

approximately 155 km east of Radisson.

The company said the drilling added significant areas of highgrade lithium mineralization to the known orebody at the project, with two of seven holes in the final batch of results intersecting high-grade zones of mineralization.

Hole WC-22-01 intersected 26 metres grading 1.55% lithium oxide (LiO2) starting from 5.7 metres downhole, including 11.3 metres at 2.45% LiO2 and 4 metres at 3.89% LiO2. Hole WC-22-18 returned 12 metres grading 1.16% LiO2 from 3 metres, including 6 metres at 1.55% LiO2.

“These high-grade results prove Cancet contains world class levels of lithium mineralization close to surface,” said Chris Evans, Winsome’s managing director, in July 14 press release.

The latest drill results “give us further confidence to continue the resource development and exploration work across the significant landholding the Company has at Cancet. We remain focused on declaring a maiden resource in the near term,” he added.

In June, the company reported metallurgical test results on composite samples from Cancet and Adina. Heavy liquid separation (HLS), with batch flotation tests, performed on three lithium-bearing composite samples (two from Cancet, one from Adina) prepared from split drill core, achieved recoveries ranging from 68% to 83% (equating to a spodumene concentrate grade of 6% LiO2).

When combining results obtained from HLS and batch flotation testing, overall lithium recoveries ranged from 85% to 94%, with spodumene concentrate grades ranging from 5.96% to 6.27% LiO2, it said.

Winsome Resources has a market cap of A$27.2 million ($24.4 million). TNM

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AUGUST 8 — 21, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

MARIMACA COPPER from 1

“From a permitting standpoint, I’m confident Marimaca ticks all the boxes for a rapid review process, so I wouldn’t pay too much mind to negative media reports of development projects struggling to achieve permitting in Chile,” said Locke.

Advanced project As of a December 2019 resource estimate, Marimaca hosts 420,000 tonnes of copper in the measured and indicated categories in 704 million tonnes of material grading 0.6% copper. It also has an inferred resource holding 225,000 tonnes of copper within 43 million tonnes grading 0.52% copper.

Sergio Rivera, Marimaca’s VP of exploration, made the initial discovery in 2017. His hunch that this area could host significant mineralization was confirmed only a few months later when a one-in-a hundred-year rainfall washed the Atacama dust away to reveal the green-coloured mountainside at Marimaca.

The company has made three more discoveries on the district-scale land package. They entail Cindy, Mercedes and Roble, which are just three of many other regional targets that could potentially become, with more drilling, satellite deposits to the initial Marimaca development.

In August 2020, the company released a preliminary economic assessment (PEA) for Marimaca , which confirmed its potential to be a low capital cost, high-margin copper mine. Locke points out that it is significantly aided by its location with easy access to infrastructure, including power, transport and water, as well as a highly skilled local workforce and simple logistics.

According to the PEA, Marimaca has a low capital intensity at US$285 million. Operating costs also fall in the bottom 15% of the all-in sustaining cost curve at US$1.29 per lb. over the mine life, which provides a cash margin of 65% at US$3.70 copper.

Locke also notes the project is further advanced than a typical PEA-level asset, with five rounds of metallurgical testing pointing towards recoveries of 76%.

The study outlined a 12-year mine life with strong potential for extension.

On average, it would produce 40,000 tonnes of copper cathode per year via a solvent-extraction electrowinning process. Locke notes that the operation would aim to reduce environmental impacts such as water, opting to use seawater for the process while potentially making use of the project’s ample solar exposure for renewable energy.

Passion for rocks The Marimaca mineralization differs from other established mines in the region. It entails an easier-to-process iron oxide copper-gold (IOCG) deposit instead of the more common manto or porphyry-style of mineralization.

The company also undertakes a district-scale exploration program to evaluate whether the project is part of a larger emerging copper district.

The company believes this is a crucial differentiator for the project.

Paola Kovacic, Marimaca’s exploration manager, showed us around the Marimaca project site, pointing out readily identifiable structural controls in the geology of the three styles of mineralization described there to date. She explained that the deposit appears to be a new style and does not readily conform to any of the major published geological models.

The deposit occurs in a dis-

Historical artisanal workings on high-grade portions of the Marimaca deposit. HENRY LAZENBY

LOCKE SAYS MARIMACA COPPER IS MAKING STEADY PROGRESS WITH ADVANCING A RARE, ECONOMICAL COPPER OXIDE DEPOSIT IN THE ANTOFAGASTA REGION OF CHILE.

A view towards the Marimaca oxide deposit. HENRY LAZENBY

trict with several vein-style IOCG deposits, which have common features including regional metamorphism/metasomatism, calcium-sodium alteration, magnetite and hematite, chalcopyrite as the primary copper-bearing mineral, and overall low sulphide content.

“The Marimaca deposit setting includes some of these elements. However, Marimaca also has affinities with ‘manto-type’ mineralization styles, although the monzodiorite mineralization host is unusual since the known manto-type deposits are typically associated with volcanic piles,” Kovacic explained.

“If the host rock issue is not considered, Marimaca is analogous to manto-type copper deposits such as Mantos Blancos or El Soldado. The critical role of structures, dykes, and alteration zoning is common in these deposits. The deep and extensive development of supergene alteration and oxidation is similar to that seen at Mantos Blancos,” she said.

The Marimaca deposit consists of a supergene copper blanket (oxides and enriched sulphides).

The oxide zone is exposed on the surface and has dimensions of about 1.4 km in length, 400 to 600 metres in width, and a thickness range from 150 to 350 metres.

The shape of the oxide zone is controlled by the parallel fracture system and dykes, with the deeper zones of oxidation typically related to northwest-trending faults.

However, the rhyodacitic dykes also have a role in the location of higher copper grade zones, in combination with feeders and veins,

explains Kovacic. Most copper oxides occur as fracture staining and infill within fracture veins and veinlets.

The Marimaca team is developing an understanding of the project’s complex mineralogy.

Minerals in the upper copper oxide zone are typically zoned, extending outwards from brochantite, atacamite, chrysocolla, and wadrich (black oxides) zones. The brochantite zone contains more than 60% of the brochantite and/or atacamite and 30% to 35% of chrysocolla and forms high-grade cores.

The chrysocolla zone borders the brochantite zone and typically has more than 60% chrysocolla. The wad zone is the outermost zone with the lowest copper grades and typically displays about 90% nongreen copper oxides.

Creating value Meanwhile, Marimaca is advancing several multidisciplinary technical workstreams supporting the feasibility study. These initiatives will also form the basis for project permitting and are expected to be finalized before feasibility-level engineering starts. The company expects to start permitting submissions early in 2023.

Locke explained that Marimaca Copper had approached several utility companies in the Mejillones area, which are offering to build, maintain and operate a pipeline from their seawater intake to the Marimaca leaching facility and sell the water to the project at the plant site. The PEA contemplates the installation of a 6 km-long pipeline extending from an existing third-

Paola Kovacic, Marimaca’s exploration manager, performs a nail test on high-grade black oxide. HENRY LAZENBY

party seawater pipeline and would discharge into the main water reservoir at Marimaca.

In June, Marimaca announced the results of the fifth phase of metallurgical testing, representing the most comprehensive metallurgical study completed to date for the Marimaca oxide deposit (MOD). It is the final phase expected before the planned start of the definitive feasibility study.

“The Phase 5 program is an important de-risking event for Marimaca and confirms the results from the previous four phases of metallurgical testing, which indicate good leach kinetics and moderate acid consumption,” said Locke.

Most recently, Marimaca reported that its ongoing exploration efforts were paying off, with infill drilling demonstrating the excellent thickness and continuity of the mineralized column at the MOD. Drilling results from the 2022 infill and extensional drilling campaign intersected broad zones of near-surface green copper oxide mineralization in 19 of the 20 drill holes. Drilling was focused on infilling the higher-grade central core of the MOD, and the MAMIX depth-extension zone discovered in the 2021 drilling campaign.

Canaccord Genuity Capital Markets analyst Dalton Baretto said in a July research note the drilling continued to improve confidence in the high-grade central core of the MOD, including additional new extensions at depth below the existing PEA pit limits.

Drilling completed up to late June 2022 will inform the planned updated mineral resource estimate for late in the third quarter. The balance of infill drilling is expected to be included for a subsequent resource update.

The analyst expects all budgeted MAMIX extensional drilling to have been completed before the data cut-off, and the work is anticipated to be captured in the planned upcoming resource update. More drill results are expected to be released as assays are returned from the laboratory.

Among the recent highlights were MOD infill holes MAR-156 and ATR-112, which confirmed the higher-grade green oxide zones in the core of the MOD. Hole ATR-112 returned 118 metres of 0.96% copper from 4 metres, including 56 metres of 1.85% copper. Hole MAR-156 returned 230 metres of 0.53% copper from the surface, including 102 metres of 0.85% copper.

Hole AR-155 returned 72 metres of 0.35% copper from 6 metres, including 26 metres of 0.82% copper.

Infill drilling at the MAMIX deposit returned highlights such as MAR-68 EXT and MAR-23 EXT, demonstrating the continuity of

higher grades at depth into the MAMIX zone.

Hole MAR-68 EXT returned 384 metres at 0.64% copper, and MAR23 EXT intersected 96 metres at 0.71% copper from 354 metres; and 58 metres at 1.07% copper from 392 metres to the bottom of the hole, within a broader intersection of 436 metres at 0.38% copper from 14 metres.

The higher grade, green oxide core is located at the surface and continues into the MAMIX zone to depths of up to 462 metres – the deepest drilled at the MOD to date. Locke says the near-surface, higher-grade green oxide zones are accessible in the early years of the PEA mine plan, with the 2022 infill drilling program targeting conversion of inferred resources to measured and indicated levels.

“In an optimistic, best-case scenario, Marimaca could be in production by around 2026. The upcoming resource update will probably be the catalyst that demonstrates we’ve got critical mass at Marimaca, and provide investors with more data to sink their teeth into,” Locke said.

At the same time, the company is assessing its development plans, evaluating permitting risks, completing baseline studies and speaking with water and energy suppliers.

“The development plan will be used to identify key engineering required to prepare and potentially file the environmental permit applications with the Chilean authorities. The company has begun preliminary engineering studies, such as hydrogeology, hydrology, geotechnical evaluations, and additional environmental baseline studies covering the project areas.”

Locke notes that when Scope 3 emissions (transportation and smelting) are included, the MOD’s carbon intensity per tonne of refined copper is expected to be in the lowest 10% of all copper projects globally.

“Given that MOD demonstrates high scarcity value in the context of ‘green copper’, given that SX-EW accounts for only about 16% of the world’s primary copper supply, you can see Marimaca is positioned as a leader when it comes to carbon-intensity targets,” he says.

At $3.08 apiece at press time, Marimaca shares traded about 25% cheaper than a year ago, giving the company a market cap of $271.4 million. TNM

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18

AUGUST 8 — 21, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

MARKET NEWS TORONTO STOCK EXCHANGE / JULY 25 – 29, 2022 Over the July 25-29 trading week, the S&P/ TSX Composite Index gained 588.44 points or 3.1% to end at 19,104.48. The S&P/TSX Global Mining Index gained 5.15 points or 5.9% to 92.64; and the S&P/TSX Global Base Metals Index added 10.78 points or 7.4%.

The S&P/TSX Global Gold Index also turned positive, rising 12.86 points or 5.7% to 238.62, while spot gold advanced US$34.5 or 2% to end the week at US$1753.40 per oz.

Fertilizer giant Nutrien recorded the highest value change of $8.45 for the week to close at $109.62. On July 20, the Saskatoon-based company announced it signed an agreement to acquire Brazilian Ag retailer Casa do Adubo. It did not specify the price it was paying for the acquisition, but said it would expand its presence in Brazil to 13 states from five. The deal, which needs to be approved by the Administrative Council for Economic Defense (CADE) in Brazil, will give Nutrien 39 retail locations and 10 distribution centres, and help it surpass its target of US$100 million of adjusted EBITDA in Brazil by 2023.

UEX Corp. shares rose by 39.7% to close at 48¢ — on the highest volume of the week at 29.1 million shares traded. The uranium exploration company, which in June entered into a friendly, all-share deal to be acquired

by Uranium Energy Corp., announced on

July 29 that Denison Mines made a superior offer, although it did not disclose the value of the bid. Uranium Energy has five business days to amend its original offer, which had an implied value of around 43¢ per share — a 50% premium at the time.

The acquisition would consolidate Denison’s interest in its Wheeler River uranium project in Saskatchewan, the largest undeveloped project in the eastern Athabasca basin. The company is currently advancing a feasibility study for the Phoenix deposit at Wheeler River to be developed as an in-situ recovery project. UEX holds a 5% interest in the project through its 50% ownership in JCU (Canada) Exploration, with Denison owning the other 50%.

TSX MOST ACTIVE ISSUES VOLUME

UEX Corp Kinross Gold Suncor Energy First Quantum Barrick Gold Lundin Mng Wallbridge Mng B2Gold Corp Yamana Gold Teck Res

UEX K SU FM ABX LUN WM BTO YRI TECK.B

(OOOs)

HIGH

29108 27186 25274 22559 20110 19853 12086 10822 10793 9910

0.48 4.43 43.72 23.48 20.46 7.53 0.20 4.54 6.22 37.71

WEEK LOW

CLOSE CHANGE

0.35 0.48 3.97 4.39 40.15 43.46 18.80 23.40 19.02 20.18 6.73 7.22 0.13 0.20 4.10 4.48 5.77 6.12 33.43 37.65

+ + + + + + + + +

0.14 0.19 3.68 3.51 0.38 0.13 0.05 0.29 0.16 4.06

UEX holds a portfolio of uranium exploration projects in Saskatchewan’s Athabasca basin. In addition to the interest in Wheeler River, JCU holds interests in Cameco’s Millennium project (30.1%) and Orano Canada’s Kiggavik project (33.8%) in Nunavut.

Monarch Mining shares gained 26.3% during the week to 48¢ as it reported its first gold bar produced at its Beaufor mine and TSX GREATEST PERCENTAGE CHANGE VOLUME (OOOs)

Nevada Copper UEX Corp NextSource Mat Wallbridge Mng Talon Metals Monarch Mining Xanadu Mines Gatos Silver Energy Fuels Laramide Res McEwen Mng Great Panther Avalon Advance Newmont Corp Sierra Metals Condor Gold Western Potash Anaconda Mng Serabi Gold Scandium Intl

NCU UEX NEXT WM TLO GBAR XAM GATO EFR LAM MUX GPR AVL NGT SMT COG WRX SGNL SBI SCY

Beacon mill in Quebec on July 27. The company expects to reach commercial production at the 750-tonne per day mill, located east of Val-d’Or, in the coming months.

Monarch has been working for 18 months to restart the past-producing project, which has measured and indicated resources of 1.3 million tonnes grading 5.3 grams gold per tonne for 219,200 oz., but no reserves. TNM TSX GREATEST VALUE CHANGE

WEEK

HIGH

VOLUME

LOW CLOSE CHANGE

1787 0.41 0.26 0.37 + 54.2 29108 0.48 0.35 0.48 + 39.7 321 2.88 1.90 2.71 + 39.7 12086 0.20 0.13 0.20 + 34.5 3986 0.58 0.43 0.57 + 28.1 437 0.50 0.36 0.48 + 26.3 430 0.03 0.00 0.03 + 25.0 56 4.86 3.63 4.76 + 24.6 3126 8.69 6.74 8.59 + 24.5 1370 0.54 0.43 0.52 + 23.8 622 5.28 0.42 5.07 - 88.2 281 1.44 1.06 1.22 - 18.7 1534 0.13 0.11 0.11 - 15.4 1726 64.10 56.55 57.94 - 12.8 207 0.86 0.73 0.76 - 10.6 69 0.33 0.00 0.31 - 8.8 20 0.25 0.00 0.25 - 7.5 80 0.44 0.39 0.41 - 6.8 1 0.58 0.00 0.56 - 6.7 221 0.09 0.08 0.08 - 5.9

(OOOs)

Nutrien Teck Res Teck Res Cameco Corp Suncor Energy First Quantum Lithium Amer Agnico Eagle Franco-Nevada Filo Mg Corp McEwen Mng Newmont Corp Great Panther Lundin Mng Atalaya Mining Moneta Porcpn Sierra Metals Marimaca Cop Niocorp Dev Serabi Gold

NTR TECK.A TECK.B CCO SU FM LAC AEM FNV FIL MUX NGT GPR LUN AYM ME SMT MARI NB SBI

HIGH

6652 36 9910 7200 25274 22559 2914 8651 2199 790 622 1726 281 19853 29 483 207 10 277 1

WEEK LOW CLOSE CHANGE

109.62 39.70 37.65 32.98 43.46 23.40 32.53 55.06 163.97 18.08 5.07 57.94 1.22 7.22 4.54 1.76 0.76 3.10 0.85 0.56

+ 8.45 + 4.70 + 4.06 + 3.91 + 3.68 + 3.51 + 3.32 + 3.06 + 2.98 + 2.86 - 37.93 - 8.54 - 0.28 - 0.13 - 0.10 - 0.10 - 0.09 - 0.08 - 0.05 - 0.04

TSX VENTURE EXCHANGE / JULY 25 – 29, 2022 The S&P/TSX Venture Composite Index gained 38.07 points or 6.26% over the July 25-29 trading session to end the week at 646.04.

Battery metals companies were the top gainers in value in the trading week, with Sigma Lithium shares gaining $3.10, or 15.9%, to $22.55 apiece. According to Trading Economics data, lithium carbonate prices in China rose slightly to 476,500 yuan ($90,735.04) per tonne at the end of July, remaining near the record-high of 500,000 yuan ($95,209.90) from March and 430% higher year-on-year amid high demand and tight supply. The market is increasingly seeing original equipment manufacturers, particularly in the automotive manufacturing sector, locking-in upstream lithium supplies directly from the mine gate. A prime example of this trend is Toyota Motor Corp. and Panasonic Corp.’s July 31 announcement of a binding supply deal for lithium from ASXlisted ioneer’s Rhyolite Ridge mining project to manufacture electric vehicle batteries in the U.S. This bodes well for Sigma, which is building the large Grota do Cirillo project in Brazil. In July, the company said that construction remains on track for commissioning to start in December. The company also recently released a new resource estimate for the project, lifting the total resource base 50%

to 85.7 million tonnes. The project now contains 73.6 million measured and indicated tonnes grading 1.43% lithium oxide and 12.1 million inferred tonnes at 1.45% lithium oxide. In July, Brazil moved to deregulate the lithium industry, another positive for Sigma.

Electra Battery Metals shares gained $1.15 in the trading week to $5 apiece. A new benefits agreement signed between the company and the Métis Nation of Ontario underpinned the action. The deal covers employment, training, procurement, and business opportunities related to building and expanding the company’s battery materials refinery near Temiskaming Shores.

Electra is advancing by commissioning an integrated black mass recycling and nickel sulphate production plant with a capacity of 5,100 tonnes cobalt in sulphate. In concert TSX-V MOST ACTIVE ISSUES VOLUME (OOOs) HIGH

Pure Gold Mg Aurcana Silver EnCore Energy Aston Bay AbraSilver Res Blue River Res Strikepoint Gd GoviEx Uranium Arctic Star Signature Res

PGM AUN EU BAY ABRA BXR SKP GXU ADD SGU

7103 5838 4688 4432 4267 4064 3230 3142 3064 3039

0.14 0.02 1.47 0.04 0.39 0.02 0.11 0.32 0.10 0.04

LOW

0.11 0.02 1.13 0.03 0.27 0.01 0.06 0.25 0.08 0.02

WEEK CLOSE CHANGE

0.12 - 0.02 0.02 unch 0.00 1.36 + 0.24 0.03 unch 0.00 0.39 + 0.14 0.02 - 0.01 0.11 + 0.04 0.30 + 0.04 0.10 + 0.01 0.02 - 0.02

with its effort to commission the refinery, Electra intends to launch a battery materials recycling demonstration plant this fall.

Pure Gold Mining registered the highest volume of shares traded during the period under review, seeing 71 million shares change hands. On July 12, the company launched a strategic review process that could involve a potential sale or merger of the company or its gold mine in Red Lake, Ont., or other longterm financing options.

TSX-V GREATEST PERCENTAGE CHANGE VOLUME (OOOs)

Jasper Mining Millennium Sil Pac Bay Mnrls GMV Minerals Strikepoint Gd AbraSilver Res District Metal Voyager Metals Frontline Gold Odyssey Res Goldcliff Res Signature Res Lupaka Gold Paleo Resource Fredonia Mg Essex Minerals Indigo Expl Fort St James Nevada Zinc Cariboo Rose

JSP MSC PBM GMV SKP ABRA DMX VONE FGC ODX.H GCN SGU LPK EFV FRED ESX IXI FTJ NZN CRB

TSX-V GREATEST VALUE CHANGE

WEEK

HIGH

4 256 34 215 3230 4267 303 376 12 35 1863 3039 2 145 105 249 292 18 691 21

The evaluation is being conducted with “the objective of maximizing shareholder value and the value of the Pure Gold mine in Ontario,” the Canadian miner said, adding it was postponing a 2022 guidance update, which was previously scheduled to be released in June.

The company poured first gold at the mine in late 2020 but has since struggled to feed the mill, which has a nameplate capacity of 800 tonnes per day. TNM

VOLUME

LOW CLOSE CHANGE

0.20 0.01 0.11 0.12 0.11 0.39 0.13 0.19 0.02 0.08 0.11 0.04 0.02 0.02 0.15 0.03 0.03 0.06 0.07 0.05

0.00 0.00 0.00 0.00 0.06 0.27 0.09 0.14 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.06 0.00

0.20 +116.7 0.01 +100.0 0.11 + 83.3 0.12 + 71.4 0.11 + 61.5 0.39 + 54.0 0.13 + 52.9 0.18 + 52.2 0.02 + 50.0 0.08 + 50.0 0.05 - 54.5 0.02 - 42.9 0.01 - 33.3 0.01 - 33.3 0.10 - 33.3 0.02 - 33.3 0.02 - 33.3 0.04 - 33.3 0.06 - 31.3 0.04 - 30.0

(OOOs)

Sigma Lithium First Cobalt Nouveau Monde Artemis Gold Western Alaska Uranium Roylty Amex Expl Leeta Gold Arizona Metals Prime Mining Universal Vent Rock Tech Lith Golden Secret Desert Mtn Egy Tsodilo Res Colonial Coal South Star Bat St. James Gold Cordoba Mnls Stakeholdr Gld

SGML ELBM NOU ARTG WAM URC AMX HIVE AMC PRYM MCLD RCK TBRD DME TSD CAD STS LORD CDB SRC

HIGH

WEEK LOW CLOSE CHANGE

84 22.55 314 5.00 250 6.05 344 5.08 163 5.05 596 3.74 267 2.34 1757 5.78 792 4.38 1806 1.78 1 3.40 61 4.44 93 3.70 207 2.35 119 0.37 329 2.20 128 0.43 227 0.31 25 0.53 1 0.38

+ + + + + + + + + + -

3.10 1.15 1.14 1.12 0.80 0.75 0.72 0.70 0.51 0.44 0.48 0.36 0.29 0.13 0.13 0.12 0.11 0.11 0.10 0.10

U.S. MARKETS / JULY 25 – 29, 2022 Over the July 25-28 trading period, the Dow Jones Industrial Average gained 855.09 points, or 2.7%, to 32,845.13, and the S&P 500 jumped 151.79 points or 3.8% to 4,118.63.

Although the Federal Reserve announced a 75-basis point rate hike on July 27, markets reacted positively as the central bank signalled future increases could be more tempered, depending on economic conditions.

Shares in Nexa Resources rose by 25.8% to $6.67 apiece as the company released its second quarter results on July 28. The zinc-focused base metals miner reported the largest ever quarterly earnings numbers in its 60-year history, posting an adjusted EBITDA of US$286 million. The result was driven by higher sales volumes and a higher zinc price, with the company’s consolidated net revenue for the quarter rising by 15% from the previous quarter to US$829 million. During the period, Nexa’s Vazante zinc-lead-silver mine in Brazil, which had been affected by heavy rains earlier in the year, resumed full production. The company has producing mines in Brazil and Peru.

Nouveau Monde Graphite’s shares rose by 24.2% to close the trading week at US$4.77. The Quebec-based company announced on July 20 that it had closed a previously announced deal to earn a 51% inter-

est in Mason Graphite’s Lac Gueret project.

Analysts say the deal could more than double Nouveau Monde’s graphite production capacity in the long term. The company is developing its Matawinie graphite mine in Saint-Michel-des-Saints, Que., with first production targeted in 2023. Mason’s Lac Gueret is 285 km north of Baie-Comeau. A 2018 feasibility study projected Lac Gueret could produce 51,900 tonnes of graphite per year over 25 years with a capital investment of $258.2 million. In return for its majority share, Nouveau Monde agreed to invest $5 million in Mason Graphite, spend $10 million on the property, and co-fund a feasibility study.

Brazilian miner Vale led the week in trading volume, with 159.5 million shares changU.S. MOST ACTIVE ISSUES VOLUME (OOOs) HIGH

Vale* Barrick Gold* Kinross Gold* Newmont Corp* Freeport McMoR* Yamana Gold* Cleveland-Clif* United States S* Chevron Corp* Hecla Mining*

VALE GOLD KGC NEM FCX AUY CLF X CVX HL

159467 120070 118332 106364 92083 89773 81130 62170 41599 40408

13.90 15.98 3.46 49.88 31.73 4.85 17.75 23.79 164.66 4.59

LOW

12.90 14.80 3.08 44.00 27.76 4.48 15.74 19.95 144.18 3.79

WEEK CLOSE CHANGE

13.46 15.74 3.41 45.28 31.55 4.78 17.71 23.65 163.78 4.53

+ 0.87 + 0.41 + 0.16 - 6.11 + 3.79 + 0.17 + 2.09 + 3.89 + 19.59 + 0.71

ing hands. The stock rose US87¢ to end the period at US$13.46 per share. Vale reported its second quarter financial results on July 28, posting adjusted EBITDA of US$5.3 billion, down from US$6.2 billion in the year’s first quarter. The company experienced challenges in both its iron ore business and in its base metals business during the quarter (licensing delays for operations in Brazil U.S. GREATEST PERCENTAGE CHANGE VOLUME (OOOs)

Nexa Resources* Gatos Silver* Nouveau Monde* Coeur Mng* United States S* Hecla Mining* Nexgen Energy* IAMGOLD* First Majestic* Endeavr Silver* McEwen Mng* Buenaventura* Newmont Corp* CONSOL Energy* Arch Resources* Peabody Enrgy* Franco-Nevada* Barrick Gold* Natural Res Pt* Gold Fields*

NEXA GATO NMG CDE X HL NXE IAG AG EXK MUX BVN NEM CNX ARCH BTU FNV GOLD NRP GFI

HIGH

369 1846 427 27548 62170 40408 9947 31177 34213 14291 10340 8514 106364 18818 4330 33946 3303 120070 31 33731

and extended maintenance and stoppages at its base metals mines). Its average iron ore sales price also fell 31% year-on-year and it cut production forecasts for both iron ore and copper for 2022. However, Vale said it plans to pay back US$3 billion in dividends to shareholders in September. The company also announced an US$8.3 billion share buyback program earlier this year. TNM U.S. GREATEST VALUE CHANGE

WEEK

VOLUME

LOW CLOSE CHANGE

6.78 3.79 4.80 3.24 23.79 4.59 4.42 1.68 7.72 3.70 4.11 6.18 49.88 19.76 145.93 24.84 129.79 15.98 41.49 9.54

5.21 6.67 + 25.8 2.81 3.72 + 25.3 3.38 4.77 + 24.2 2.54 3.21 + 21.6 19.95 23.65 + 19.7 3.79 4.53 + 18.6 3.61 4.36 + 18.5 1.34 1.66 + 16.1 6.31 7.66 + 15.2 3.00 3.64 + 14.8 0.32 3.89 - 88.3 5.18 5.44 - 12.0 44.00 45.28 - 11.9 16.94 17.27 - 5.5 123.34 129.14 - 5.1 20.43 20.99 + 0.2 122.38 127.98 + 2.6 14.80 15.74 + 2.7 39.67 40.54 + 2.7 8.50 9.20 + 3.4

(OOOs)

MartinMarietta* Chevron Corp* Nutrien* Black Hills* Intrepid Pots* CONSOL Energy* Alcoa* Mosaic* NACCO Ind* United States S* McEwen Mng* Arch Resources* Newmont Corp* CONSOL Energy* Buenaventura* Peabody Enrgy* Kinross Gold* Harmony Gold* Yamana Gold* IAMGOLD*

MLM CVX NTR BKH IPI CEIX AA MOS NC X MUX ARCH NEM CNX BVN BTU KGC HMY AUY IAG

HIGH

2100 41599 10679 2199 1264 3355 27656 23564 96 62170 10340 4330 106364 18818 8514 33946 118332 20861 89773 31177

WEEK LOW CLOSE CHANGE

352.08 163.78 85.66 77.20 45.60 61.32 50.89 52.66 39.30 23.65 3.89 129.14 45.28 17.27 5.44 20.99 3.41 3.27 4.78 1.66

+ 25.87 + 19.59 + 7.34 + 5.66 + 5.28 + 5.13 + 5.09 + 5.02 + 4.31 + 3.89 - 29.31 - 6.87 - 6.11 - 1.00 - 0.74 + 0.05 + 0.16 + 0.16 + 0.17 + 0.23

GLOBAL MINING NEWS

THE NORTHERN MINER / AUGUST 8 — 21, 2022

19

METALS, MINING AND MONEY MARKETS LME WAREHOUSE LEVELS

PRODUCER AND DEALER PRICES

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening on July 28 2022 (change from July 21 2022 in brackets):

Coal: Central Appalachia, 12,500 Btu, 1.2 S02-R,W: US$176.15 Coal: Powder River Basin, 8,800 Btu, 0.8 S02-R, W: US$16.35 Cobalt: US$22.57/lb.

Copper: US$3.60/lb.

Copper: CME Group Futures September 2022: US$3.49/lb.; October 2022: US$3.53/lb.

Iridium: NY Dealer Mid-mkt US$6,100/tr oz.

Iron Ore 62% Fe CFR China-S: US$114 Lead: US$0.93/lb.

Rhodium: Mid-mkt US$20,250/tr. oz.

Ruthenium: Mid-mkt US$750 per oz.

Silver: Handy & Harman Base: US$20.26 per oz.; Handy & Harman Fabricated: US$25.33 per oz.

Tin: US$11.70/lb.

Uranium: U3O8, Trading Economics spot price: US$49.50 per lb. U308 Zinc: US$1.54 per lb.

Prices current Aug. 1, 2022

Aluminium Alloy

2120

(0)

Aluminium

295325

(-17850)

Copper

131700

(-2225)

Lead

39550

(375)

Nickel

57990

(-2772)

Tin

3825

(335)

Zinc

70800

(-1675)

TSX SHORT POSITIONS

TSX VENTURE SHORT POSITIONS

Short positions outstanding as of July 15, 2022 (with changes from June 30, 2022) Largest short positions Ivanhoe Mines IVN 19037974 -118967 6/30/2022 McEwen Mng MUX 17182928 1645694 6/30/2022 Barrick Gold ABX 14775885 -849048 6/30/2022 Kinross Gold K 13331730 -3693606 6/30/2022 Suncor Energy SU 12677616 -3628601 6/30/2022 Lundin Mng LUN 12293227 2251927 6/30/2022 Fortuna Silvr FVI 10545620 691260 6/30/2022 New Gold NGD 10265968 2095059 6/30/2022 Denison Mines DML 9243118 1112410 6/30/2022 Nexgen Energy NXE 8384209 602770 6/30/2022 First Quantum FM 7800951 -725953 6/30/2022 IAMGOLD IMG 7685901 318932 6/30/2022 Wheaton Prec WPM 7332253 -1408591 6/30/2022 HudBay Min HBM 6953450 526664 6/30/2022 Taseko Mines TKO 6833969 1064492 6/30/2022 Largest increase in short position Lundin Mng LUN 12293227 2251927 6/30/2022 New Gold NGD 10265968 2095059 6/30/2022 McEwen Mng MUX 17182928 1645694 6/30/2022 B2Gold Corp BTO 5646476 1449269 6/30/2022 Denison Mines DML 9243118 1112410 6/30/2022 Largest decrease in short position Argonaut Gold AR 6419562 -37316799 6/30/2022 Victoria Gold VGCX 2398240 -7888091 6/30/2022 Kinross Gold K 13331730 -3693606 6/30/2022 Suncor Energy SU 12677616 -3628601 6/30/2022 Alexco Res AXU 2492874 -3339253 6/30/2022

Short positions outstanding as of July 15, 2022 (with changes from June 30, 2022) Largest short positions Oroco Res OCO 2583762 196895 6/30/2022 Purepoint Uran PTU 2576066 182 6/30/2022 GoviEx Uranium GXU 2164940 70517 6/30/2022 Brixton Metals BBB 2086071 2021591 6/30/2022 Strikepoint Gd SKP 2018002 -142166 6/30/2022 Pure Gold Mg PGM 1759608 -2078912 6/30/2022 Canada Silver CCW 1716730 -60934 6/30/2022 Blue Sky Uran BSK 1704650 -20513 6/30/2022 Lion One Mtls LIO 1628147 -281140 6/30/2022 Dolly Vard Sil DV 1439768 490524 6/30/2022 Giga Metals GIGA 1222166 44267 6/30/2022 Frontier Lith FL 1201800 266894 6/30/2022 Artemis Gold ARTG 1103835 72953 6/30/2022 New Found Gold NFG 1100842 -108419 6/30/2022 Azincourt Ener AAZ 1033274 541621 6/30/2022 Largest increase in short position Brixton Metals BBB 2086071 2021591 6/30/2022 E2Gold Inc ETU 965745 955794 6/30/2022 Search Mnls SMY 1026785 888536 6/30/2022 Azincourt Ener AAZ 1033274 541621 6/30/2022 Jourdan Res JOR 687652 513544 6/30/2022 Largest decrease in short position Pure Gold Mg PGM 1759608 -2078912 6/30/2022 Saturn Mnrls SOIL 618647 -921804 6/30/2022 Avrupa Min AVU 25067 -775545 6/30/2022 Rokmaster Res RKR 70932 -513525 6/30/2022 Gratomic GRAT 143076 -486624 6/30/2022

DAILY METAL PRICES Date JULY 25 JULY 26 JULY 27 JULY 28 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1750/1750 1750/1750 1750/1750 1750/1750 Aluminum 2431/2431 2435/2425 2390/2385.5 2457/2445.5 Copper 7446/7465 7591/7615 7551/7568 7710/7715 Lead 2020/2016 2003.5/2009 2015.5/2014 2012/2005.5 Nickel 22545/22580 22300/22290 21275/21250 21450/21505 Tin 25195/24600 25275/24875 24050/24000 24225/23800 Zinc 3049.5/2977 3139/3047 3115/3029 3245/3140 PRECIOUS METAL PRICES (London fix, LBMA silver price, US$ per troy oz.)

1731.95 1719.85 1723.95 Gold AM Gold PM 1718.90 1720.05 1714.05 Silver 18.75 18.54 18.76 Platinum 881 878 882 Palladium 2003 1980 2016

JULY 29 1750/1750 2450/2437.5 7800/7790 2022/2022 22045/22000 24400/24250 3350/3261

1746.60 1753.50 19.32 890 2069

1758.90 1753.40 20.06 889 2093

EXCHANGE RATES FundName Jul 29 ($) Jul 22 ($) BMO Prec Mtls Fd A 20.07 19.37 BMO ZGD 58.07 54.92 BMO ZJG 56.03 52.77 CANL Prec Mtl Fd A 14.63 13.96 CI Pre Met Fd A 41.51 CIBC Prec Metal Fd A 11.80 Dyn Prec Metls Fd A 9.72 Harvest HGGG 20.67 Horizons GLCC 21.78 IG MacGbPreMetCl A 11.81 iShares XGD 14.83 NBI PrecMetFd Invt 14.64 NP Silver Equ A 5.86 NPT Go&PrMinFd A 40.49 RBC GblPreMetFd A 41.97 TD Prec Mtl Fd Inv 39.77 38.64 Exchange rates (Quote Media, July 29, 2022) C$ to AUS C$ to EURO 1.1158 0.7661 C$ to UK Pound C$ to China Yuan 0.6415 5.2680 US to AUS US to EURO 1.4290 0.9812 US to UK Pound US to China Yuan 0.8216 6.7473

Change ($) 0.70 3.16 3.26 0.68 3.12 0.11 0.69 0.49 0.04 0.40 -0.14 0.41 0.55 2.72 0.97 1.13

Change (%) YTDChange (%) 3.59 -13.00 5.75 -15.09 6.18 -13.86 4.84 -16.91 7.55 -20.63 0.89 -10.78 7.16 -25.37 2.35 -17.35 0.20 -12.15 3.43 -16.57 -0.93 -9.46 2.79 -14.06 9.37 -30.50 6.72 -23.77 2.29 -17.58 2.92 -11.01

C$ to YEN 104.9580 C$ to India Rupee 62.1784 US to YEN 134.4245 US to India Rupee 79.5717

C$ to Mex Peso 15.8468 C$ to Swiss Franc 0.7453 US to Mex Peso 20.2945 US to Swiss Franc 0.9545

MER (%) 2.41 0.60 0.61 2.58 2.31 2.27 2.67 0.68 0.81 2.63 0.61 2.47 3.24 3.19 2.09 2.26

TotalAssets (M$) 44.16 38.42 62.40 14.89 261.78 49.84 449.07 3.31 16.15 1003.02 22.82 266.74 108.64

C$ to SA Rand 12.9134 C$ to S. Korea Won 1011.3977 US to SA Rand 16.5290 US to S. Korea Won 1296.0500

CANADIAN GOLD MUTUAL FUNDS FundName Jul 29 ($) BMO Prec Mtls Fd A 20.07 BMO ZGD 58.07 BMO ZJG 56.03 CANL Prec Mtl Fd A 14.63 CI Pre Met Fd A CIBC Prec Metal Fd A Dyn Prec Metls Fd A Harvest HGGG Horizons GLCC IG MacGbPreMetCl A iShares XGD NBI PrecMetFd Invt NP Silver Equ A NPT Go&PrMinFd A RBC GblPreMetFd A TD Prec Mtl Fd Inv 39.77

Jul 22 ($) 19.37 54.92 52.77 13.96 41.51 11.80 9.72 20.67 21.78 11.81 14.83 14.64 5.86 40.49 41.97 38.64

Change ($) 0.70 3.16 3.26 0.68 3.12 0.11 0.69 0.49 0.04 0.40 -0.14 0.41 0.55 2.72 0.97 1.13

Change (%) 3.59 5.75 6.18 4.84 7.55 0.89 7.16 2.35 0.20 3.43 -0.93 2.79 9.37 6.72 2.29 2.92

YTDChange (%) -13.00 -15.09 -13.86 -16.91 -20.63 -10.78 -25.37 -17.35 -12.15 -16.57 -9.46 -14.06 -30.50 -23.77 -17.58 -11.01

MER (%) 2.41 0.60 0.61 2.58 2.31 2.27 2.67 0.68 0.81 2.63 0.61 2.47 3.24 3.19 2.09 2.26

TotalAssets (M$) 44.16 38.42 62.40 14.89 261.78 49.84 449.07 3.31 16.15 1003.02 22.82 266.74 108.64

TSX WARRANTS Alio Gold Inc. (ALO.WT) - 10 Warrants to purchase one common share of the Issuer at $7.00 until expiry Alio Gold Inc. J (ALO.WT.A) - One Warrant to purchase one common share of the Issuer at $8.00 until expiry Aris Gold Corporation (ARIS.WT) - One Warrant to purchase one Common Share of the Issuer at $2.75 until expiry. eCobalt Solutions Inc. J (ECS.WT) - One Warrant to purchase one common share of the Issuer at US$1.95 per share until expiry Excellon Resources Inc (EXN.WT.A) - One warrant to purchase one common share of the Issuer at $2.80 until expiry Excellon Resources Inc. (EXN.WT) - One Warrant to purchase one common share of the issuer at $1.40 per share until expiry Excelsior Mining Corp. (MIN.WT) - One Warrant to purchase one Common Share of the Issuer at $1.25 until expiry.

Gran Colombia Gold (GCM.WT.B) - One warrant to purchase one common share of the Issuer at $2.21 until expiry.

Karora Resources Inc. (KRR.WT) - One

Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Liberty Gold Corp. Wt (LGD.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry may 16, 2019 Lithium Americas Corp (LAC.WT) - One Warrant to purchase one common share of the Issuer at $0.90 until expiry Lydian International Limited (LYD.WT) One Warrant to purchase one additional ordinary share of the Issuer at $0.36 per share until expiry Nevada Copper Corp. (NCU.WT) - One Warrant to purchase one common share of the Issuer at $0.20 until expiry Nevada Copper Corp. (NCU.WT.A) - One Warrant to purchase one common share of the Issuer at $0.22 until expiry Nomad Royalty Company Ltd. (NSR.WT) One Warrant to purchase one common share of the Issuer at $1.71 until expiry.

Novo Resources Corp. (NOVO.WT.A) - One Warrant to purchase one common share of the Issuer at $3.00 until expiry.

Novo Resources Corp. (NVO.WT.A) - One

ABE Resources Inc. (ABE.WT) - One warrant to purchase one common share at $0.15 per share.

Alpha Lithium Corporation (ALLI.WT) - One warrant to purchase one common share at $1.10 per share.

Alpha Lithium Corporation (ALLI.WT) - One warrant to purchase one common share at $1.10 per share.

American Cumo Mining Corp. (MLY.RT) 2 rights and $0.07 are required to purchase one share American Lithium Corp. (LI.WT) - One warrant to purchase one common share at $0.30 per share.

Antioquia Gold Inc. (AGD.RT) - One (1) Right and $0.042 are required to purchase one share.

Aurania Resources Ltd. (ARU.RT) - Fourteen (14) Rights exercisable for one common share at $2.70 per common share.

Aurania Resources Ltd. (ARU.WT) - One warrant to purchase one common share at $5.50 per share.

Aurania Resources Ltd. (ARU.WT.A) - One warrant to purchase one common share at $4.25 per share.

Aurania Resources Ltd. (ARU.WT.B) - One warrant to purchase one common share at $2.20 per share.

Avidian Gold Corp. (AVG.RT) - Three rights and $0.11 are required to purchase one Share.

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.50 per share.

Boreal Metals Corp. (BMX.WT) - One warrant to purchase one common share at $0.30 per share.

Cabral Gold Inc. (CBR.WT) - One warrant to purchase one common share at $0.80 per share.

Caldas Gold Corp. (CGC.WT) - One warrant to purchase one common share at $2.75 per share.

Cascadero Copper Corporation (CCD.RT) - One right and $0.015 are required to purchase one Share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cordoba Minerals Corp (CDB.WT) - One warrant to purchase one common share at $1.08 per share.

Cordoba Minerals Corp. (CDB.RT) - One (1) Right exercisable for One (1) Rights Share at $0.05 per Share.

Cordoba Minerals Corp. (CDB.RT) - One right to purchase one common share at $0.54 per share.

Denarius Silver Corp. (DSLV.WT) - One warrant to purchase one common share at $0.80 per share.

Elevation Gold Mining Corporation (ELVT. WT) - One warrant to purchase one common share at $4.80 per share.

Empress Royalty Corp. (EMPR.WT) - One warrant to purchase one common share at $0.75 per share.

Equinox Gold Corp (EQX.WT) - One warrant to purchase one common share at $3.00 per share.

Eros Resources Corp. (ERC.WT) - One (1) Right exercisable for (1) Unit at $0.05 per Unit.

Falco Resources Ltd. (FPC.WT) - One warrant to purchase one common share at $1.70 per share.

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $0.60 per share.

Firefox Gold Corp. (FFOX.WT) - One warrant to purchase one common share at $3.00 per share.

Freeman Gold Corp (FMAN.WT.U) - One warrant to purchase one common share at US$0.65 per share.

Giga Metals Corporation (GIGA.WT) - One warrant to purchase one common share at $0.60 per share.

Giga Metals Corporation (GIGA.WT.A) One warrant to purchase one common share at $0.45 per share.

Giyani Metals Corp. (EMM.WT) - One warrant to purchase one common share at $0.60 per share.

Goldstar Minerals (GDM.RT) - One Right to purchase one common share at $0.03 per share.

Goldstar Minerals Inc. (GDM.RT) - One (1) Right and $0.05 are required to purchase one common share.

Hot Chili Limited (HCH.WT) - One warrant to purchase one common share at $2.50 per share.

Kaizen Discovery Inc. (KZD.RT) - One warrant to purchase one common share at $0.51 per share.

LaSalle Exploration Corp. (LSX.WT) - One warrant to purchase one common share at $0.15 per share.

Lion One Metals Limited (LIO.WT) - One warrant to purchase one common share at $2.75 per share.

LithiumBank Resources Corp. (LBNK.WT) - One warrant to purchase one common share at $2.00 per share.

LSC Lithium Corporation (LSC.RT) - One (1) right exercisable for One (1) Unit at $0.40 per Unit.

Mako Mining Corp. (MKO.RT) - Rights exercisable for One (1) share at $0.10 per share.

Mako Mining Corp. (MKO.WT.A) - One warrant to purchase one common share at $0.60 per share.

Manganese X Energy Corp. (MN.WT) - One warrant to purchase one common share at $0.15 per share.

Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share

Warrant to purchase one common share of the Issuer at $3.00 until expiry.

Platinum Group Metals Ltd. (PTM.WT.U) One Warrant to purchase one common share of the Issuer at US$0.17 until expiry Royal Nickel Corporation (RNX.WT) - One Warrant to purchase one common share of the Issuer at $0.50 until expiry.

Sandstorm Gold (SSL.WT.B) - One Warrant to purchase one common share of the Issuer at US $14.00 until expiry.

Sherritt International Corporation (S.WT) Each whole Warrant entitles the holder to acquire between 1.00 and 1.25 additional common shares (as bulletin 2018-0062 table ) determined based on the Applicable Reference Cobalt Price at an exercise price of $1.95 per Warrant at any time prior to the Expiry Date Treasury Metals Inc. Wt (TML.WT) - One Warrant to purchase one common share of the Issuer at $1.50 until expiry.

Trevali Mining Corporation (TV.WT) - One Warrant to purchase one common share of the Issuer at $0.23 until expiry.

TSX VENTURE WARRANTS Maple Gold Mines Ltd. (MGM.WT) - One warrant to purchase one common share at $0.40 per share Mexican Gold Corp. (MEX.WT) - One warrant to purchase one common share at $0.12 per share.

Millennial Lithium Corp. (ML.WT) - One warrant to purchase one common share at $4.25 per share.

Millennial Lithium Corp. (ML.WT) - One right to purchase one common share at $4.80 per share.

Millennial Precious Metals Corp. (MPM. WT) - One warrant to purchase one common share at $0.50 per share.

Mineworx Technologies Ltd. (MWX.RT) One right to purchase one common share at $0.015 per share.

Northern Vertex Mining Corp. (NEE.WT) One warrant to purchase one common share at $0.80 per share.

Novo Resources Corp. (NVO.WT) - One warrant to purchase one common share at $4.40 per share.

Orezone Gold Corporation (ORE.WT) - One warrant to purchase one common share at $0.80 per share.

Orezone Gold Corporation (ORE.WT) - One warrant to purchase one common share at $0.80 per share.

Osisko Development Corp. (ODV.WT) - One warrant to purchase one common share at $10.00 per share.

Sandfire Resources America Inc. (SFR.RT) - Forty one (41) Rights exercisable for One (1) Share at $0.15 per Share.

Sandfire Resources America Inc. (SFR. RT) - Eight (8) Rights exercisable for One (1) share at $0.06 per unit.

Silver Mountain Resources Inc. (AGMR. WT) - One warrant to purchase one common share at $0.70 per share.

Star Royalties Ltd. (STRR.WT) - One warrant to purchase one common share at $1.00 per share.

Three Valley Copper Corp. (TVC.WT) - 20 warrants to purchase one Class A common share at $6.66 per share.

Tintina Resources Inc. (TAU.RT) - Nine(9) Rights exercisable for one share at $0.06 per share.

Ucore Rare Metals Inc. (UCU.RT) - One (1) right exercisable for one share at $4.00 per share.

Vision Lithium Inc. (VLI.WT) - One warrant to purchase one common share at $0.15 per share.

Vizsla Silver Corp. (VZLA.WT) - One warrant to purchase one common share at $3.25 per share.

Westhaven Gold Corp. (WHN.WT) - One warrant to purchase one common share at $1.00 per share.

Yellowhead Mining Inc. (YMI.RT) - One (1) Right and $0.12 are required to prchase one Share

NORTH AMERICAN STOCKEXCHANGE INDICES 52 weeks

IndexName S&P/TSX Composite S&P/TSXV Composite S&P/TSX 60 S&P/TSX Global Gold DJ Precious Metals

Jul 29 19692.92 646.04 1187.97 238.58 205.71

Jul 28 19456.71 635.41 1175.35 237.19 205.71

Jul 27 19254.56 619.76 1165.43 232.60 205.71

Jul 26 18972.68 605.28 1148.60 231.81 205.71

Jul 25 19104.48 608.29 1156.35 225.62 205.71

High 22213.07 1025.77 1344.63 379.45 338.35

Low 18169.86 582.37 1104.88 223.94 204.49

NEW 52-WEEK HIGHS AND LOWS JULY 25-29, 2022 24 New Highs Alliance Res* Atlas Salt Atlas Salt* Bannerman Egy* CONSOL Energy* Decade Res Flow Metals Great Panther Great Panther* Jasper Mining Kings Bay Res McEwen Mng McEwen Mng* Morien Res Morien Res* Secova Metals*

Snowline Gold South Star Bat* Taranis Res Taranis Res* Vulcan Mnrls Vulcan Mnrls* Walker River Western Alaska 76 New Lows Agnico Eagle Agnico Eagle* Altaley Mining Alto Ventures Americas Silvr Americas Silvr* Argonaut Gold Barrick Gold

Barrick Gold* BCM Res* Benchmark Met* Buenaventura* Cabral Gold Canada Nickel Coeur Mng* Copper Mtn Mng Copper Mtn Mng* Diamond Fields* E79 Resources Emerita Res Emerita Res* Endeavour Mng Excellon Res First Majestic First Majestic*

Focus Graphite* Fortuna Silvr Fortuna Silvr* Franco-Nevada Franco-Nevada* Fuse Cobalt Global Battery* Globex Mng Golden Dawn Ml* GoldMining IAMGOLD Liberty Gold* Lundin Gold Maverix Metals McEwen Mng McEwen Mng* NEO Battery*

New Found Gold New Gold Newmont Corp Newmont Corp* Nouveau Monde Nouveau Monde* Osino Res Osino Res* Osisko Gold Osisko Gold* Perpetua Res Prime Mining Pure Energy* Pure Gold Mg Pure Gold Mg* Rokmaster Res Sable Res*

Sierra Metals Sierra Metals* Signature Res* Silvercorp Met Starr Peak* Sun Summit Tocvan Venture Treasury Metal Uragold Bay Rs Vision Lithium Vision Lithium* Wallbridge Mng Wallbridge Mng* Western Copper Western Copper* Wheaton Prec Wheaton Prec*

Financial information provided by Fundata Canada Inc. ©Fundata Canada Inc. All rights reserved

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LEGEND

STAFF INVESTMENT POLICY

A – Australian Securities Exchange C – Canadian Stock Exchange L – London Stock Exchange N – New York Stock Exchange O – U.S. over-the-counter Q – NASDAQ or U.S. OTC T – Toronto Stock Exchange V – TSX Venture Exchange X – NYSE American * – Denotes price in U.S.$

The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public offerings or to engage in short selling.

CONVERSIONS OF WEIGHTS & MEASURES 1 troy ounce = 31.1 grams 1 kilogram = 32.15 troy ounces 1 kilogram = 2.2046 pounds 1 (metric) tonne = 1,000 kilograms 1 (metric) tonne = 2,204.6 pounds 1 (short) ton = 2,000 pounds

1 (metric) tonne = 1.1023 (short) tons 1 gram per (metric) tonne = 0.02917 troy ounces per (short) ton = 0.03215 troy ounces per (metric) tonne 1 kilometre = 0.6214 miles 1 hectare = 2.47 acres

20

AUGUST 8 — 21, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

MARKET NEWS

MINING STOCKS listed on CANADIAN and U.S. EXCHANGES TRADING: JULY 25 – 29, 2022 (100s) Stock

Exc Volume

Week High

Low

Last Change

12-month High Low

A 1111 Explor C 1844 Resources V 1911 Gold V 1911 Gold* O 55 North C 79 Resources C 79North C A.I.S Res* O A.I.S Res V Abacus Mining* O Abacus Mining V Abcourt Mines V Abcourt Mines* O Aben Resources* O Aben Resources V AbraSilver Res V AbraSilver Res* O Academy Metals V ACME Lithium C Adamera Min V Adamera Min* O Adex Mining V Advance Gold V Advance United C Adventus V Adventus* O Adyton Res V AEX Gold V African Energy* O African Gold* O African Gold* O African Gold V African Metals V African Rainbo* O Aftermath Silv* O Agnico Eagle T Agnico Eagle* N Aguila Amer Gd V Aguila Amer Gd* O Aiml Res* O AJN Resources C Akwaaba Mining V Alamos Gold T Alamos Gold* N Alcoa* N Aldebaran Res V Aldebaran Res* O Alerio Gold C Alexandra Cap* O Alexco Res T Alexco Res* X Alianza Min V Alianza Min* O Alien Metals* O All American* O Allegiant Gold V Allegiant Gold* O Alliance Mng V Alliance Res* D Allied Copper* O Allied Copper V Alma Gold C Almaden Min* X Almaden Min T Almadex Min* O Almadex Min V Almonty Ind * O Almonty Ind T Aloro Mining* O Aloro Mining V Alpha Copper C Alpha Lithium V Alpha Lithium* O Alphamin Res * O Alphamin Res V Altai Resource V Altair Res Inc* O Altair Res Inc V Altaley Mining* O Altaley Mining V Altamira Gold* O Altamira Gold V Altan Nevada V Altan Rio Min V Altiplano Met V Altiplano Met* O Altius Mnrls * O Altius Mnrls T Alto Ventures V Alto Ventures* O Altura Mining* O Alturas Min V Altus Strat V Altus Strat* O Alumina Ltd* O ALX Resources V ALX Resources* O AM Resources V Amani Gold* O Amarc Res V Amarc Res* O Amer Intl Vent* O American Creek* O American Creek V American CuMo V American CuMo* O American Eagle V American Lith* O American Lith V American Mang* O American Mang V American Pac C American Rare* O AmericanSierra* O Americas Silvr* X Americas Silvr T Amerigo Res T Amerigo Res* O Ameriwest Lith C Ameriwest Lith* O Amex Expl V Amex Expl* O AmmPower* O AmmPower C Amseco Expl V AMV Capital V Anaconda Mng T Anacortes Mg V Andean Prec* O Andean Prec V Anfield Energy* O Anfield Energy V Angel Gold V Angkor Gold* O Angkor Res V Anglo American* O Anglo American* O Anglo Pac Grp T AngloGold Ash* O AngloGold Ash* N Angold Res V Angold Res* O Angus Gold* O Angus Gold V Antioquia Gold* O Antioquia Gold V Antler Gold V Antler Hill V Antofagasta* O Apex Res * O Apex Res V Apogee Min V Apollo Silver V Apollo Silver* O Appia Rare* O Appia Rare C Applied Min* O

45 480 385 261 214 28 789 158 510 6 152 1084 1925 89 1417 4267 3399 4 290 716 243 2 290 278 203 149 75 22 98 3 50 1390 23 1 541 8651 34797 17 18 311 44 0 5217 34010 27656 58 12 344 293 577 4283 93 123 83 6872 468 245 0 3167 80 107 100 976 26 119 54 47 130 46 119 2437 393 307 810 2598 24 23 883 272 315 107 215 64 29 105 39 116 469 452 236 415 0 21 7 8 666 206 24 185013 10 112 67 39 203 88 60 963 825 1306 567 226 145 78 17 3389 1164 1091 366 106 686 267 96 1775 870 2 0 80 412 110 258 838 1983 0 1 3 14 1768 36 0 11910 1715 286 19 13 102 17 53 0 8 250 60 0 1474 100 315 605 53836

0.06 0.05 0.06 unch 0.00 0.15 0.05 0.05 0.00 0.04 - 0.01 0.11 0.04 0.19 0.13 0.16 + 0.03 0.43 0.13 0.14 0.10 0.13 + 0.03 0.34 0.10 0.03 0.02 0.02 - 0.01 0.09 0.02 0.04 0.04 0.04 unch 0.00 0.14 0.04 0.05 0.04 0.05 - 0.01 0.16 0.04 0.02 0.02 0.02 - 0.00 0.06 0.01 0.03 0.00 0.03 + 0.01 0.07 0.02 0.04 0.00 0.04 + 0.00 0.13 0.04 0.06 0.00 0.05 unch 0.00 0.16 0.05 0.06 0.05 0.06 + 0.01 0.14 0.05 0.04 0.04 0.04 + 0.00 0.12 0.04 0.03 0.02 0.03 - 0.00 0.05 0.02 0.03 0.03 0.03 - 0.01 0.06 0.03 0.39 0.27 0.39 + 0.14 0.56 0.22 0.30 0.21 0.30 + 0.10 0.46 0.16 0.16 0.00 0.16 - 0.02 0.60 0.16 0.98 0.78 0.91 + 0.13 1.44 0.62 0.06 0.04 0.06 + 0.01 0.10 0.04 0.05 0.03 0.04 + 0.00 0.08 0.03 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.02 0.02 0.02 unch 0.00 0.08 0.02 0.08 0.06 0.07 unch 0.00 2.09 0.07 0.45 0.38 0.43 + 0.01 1.10 0.36 0.35 0.31 0.34 + 0.03 0.87 0.27 0.04 0.00 0.04 unch 0.00 0.11 0.03 0.68 0.00 0.66 - 0.01 0.82 0.44 0.04 0.04 0.04 - 0.01 0.17 0.01 0.15 0.14 0.14 unch 0.00 0.15 0.09 0.11 + 0.03 0.24 0.05 0.17 0.14 0.15 - 0.02 0.57 0.14 0.05 0.00 0.05 unch 0.00 0.15 0.04 14.05 13.80 14.05 + 0.30 21.45 12.50 0.19 0.16 0.18 + 0.00 0.50 0.14 55.73 48.88 55.06 + 3.06 84.66 48.88 43.45 38.02 42.99 + 2.71 67.14 38.02 0.25 0.00 0.20 + 0.01 0.35 0.15 0.40 0.00 0.17 + 0.01 1.00 0.12 0.17 0.10 0.11 - 0.03 0.78 0.08 0.38 0.36 0.38 + 0.02 0.52 0.20 0.00 0.00 0.02 unch 0.00 0.02 0.01 10.22 8.76 10.12 + 0.83 11.61 8.30 7.97 6.80 7.89 + 0.68 9.22 6.51 51.02 45.89 50.89 + 5.09 98.09 36.61 0.79 0.00 0.77 - 0.03 1.13 0.53 0.62 0.60 0.60 - 0.02 0.88 0.40 0.09 0.07 0.09 + 0.01 0.49 0.06 0.10 0.07 0.07 - 0.01 0.51 0.06 0.66 0.54 0.65 + 0.10 2.86 0.46 0.52 0.43 0.51 + 0.08 2.31 0.36 0.06 0.05 0.05 - 0.01 0.11 0.04 0.04 0.03 0.04 - 0.00 0.09 0.03 0.02 0.00 0.00 - 0.01 0.03 0.00 0.00 0.00 0.00 - 0.00 0.01 0.00 0.26 0.22 0.25 unch 0.00 0.58 0.22 0.20 0.17 0.19 + 0.00 0.45 0.17 0.00 0.00 0.15 unch 0.00 1.04 0.14 22.80 19.91 21.91 + 2.02 22.80 7.42 0.08 0.05 0.05 + 0.00 0.26 0.05 0.10 0.07 0.07 - 0.01 0.41 0.07 0.25 0.19 0.20 + 0.01 2.25 0.15 0.23 0.21 0.23 + 0.01 0.49 0.21 0.29 0.00 0.29 - 0.01 0.62 0.27 0.22 0.19 0.19 - 0.00 0.26 0.15 0.27 0.00 0.25 - 0.02 0.33 0.21 0.72 0.66 0.70 + 0.03 0.86 0.60 0.93 0.82 0.90 + 0.02 1.10 0.77 0.02 0.01 0.01 - 0.01 0.13 0.01 0.03 0.00 0.03 - 0.01 0.08 0.02 0.47 0.40 0.46 + 0.07 1.09 0.18 0.99 0.90 0.95 - 0.02 1.69 0.45 0.40 0.36 0.38 - 0.02 0.90 0.25 0.63 0.54 0.58 unch 0.00 1.17 0.46 0.82 0.68 0.75 - 0.01 1.46 0.61 0.07 0.00 0.06 - 0.02 0.17 0.06 0.01 0.01 0.01 unch 0.00 0.13 0.01 0.02 0.02 0.02 unch 0.00 0.16 0.02 0.14 0.12 0.13 + 0.00 0.61 0.12 0.18 0.00 0.17 + 0.02 0.78 0.15 0.13 0.09 0.13 + 0.02 0.29 0.07 0.15 0.00 0.15 + 0.01 0.37 0.10 0.06 0.00 0.06 unch 0.00 0.25 0.03 0.10 0.00 0.10 unch 0.00 0.16 0.03 0.26 0.21 0.25 + 0.07 0.42 0.16 0.21 0.17 0.20 + 0.06 0.32 0.13 14.31 12.42 14.27 + 1.66 20.36 11.56 18.39 15.98 18.29 + 1.95 25.71 14.92 0.17 0.14 0.15 - 0.03 0.43 0.14 0.14 0.10 0.12 - 0.00 0.37 0.10 0.03 0.01 0.02 - 0.01 0.11 0.01 0.00 0.00 0.02 unch 0.00 0.03 0.02 0.71 0.00 0.71 + 0.05 1.48 0.65 0.59 0.58 0.59 + 0.00 1.11 0.42 4.35 0.00 4.31 + 0.31 6.99 3.71 0.05 0.04 0.05 + 0.01 0.15 0.03 0.04 0.03 0.04 + 0.01 0.12 0.02 0.05 0.00 0.04 - 0.01 0.10 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 0.10 0.00 0.10 unch 0.00 0.15 0.09 0.08 0.07 0.07 - 0.00 0.12 0.07 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.15 0.13 0.14 - 0.01 0.21 0.08 0.19 0.17 0.18 + 0.01 0.24 0.11 0.03 0.00 0.03 unch 0.00 0.07 0.03 0.02 0.02 0.02 + 0.00 0.05 0.02 0.04 0.00 0.04 - 0.01 0.17 0.03 1.78 1.51 1.75 + 0.02 5.00 1.20 2.30 2.02 2.23 - 0.01 6.25 1.56 0.43 0.38 0.40 + 0.01 1.17 0.35 0.57 0.50 0.52 + 0.01 1.48 0.46 0.58 0.48 0.55 + 0.04 1.40 0.33 0.20 0.17 0.18 + 0.02 0.42 0.11 0.02 0.00 0.02 + 0.00 0.29 0.02 0.60 0.45 0.58 + 0.09 1.40 0.45 0.77 0.59 0.74 + 0.12 1.75 0.59 1.34 1.13 1.30 + 0.16 2.01 1.09 1.05 0.88 1.04 + 0.16 1.66 0.82 0.82 0.78 0.79 - 0.04 1.74 0.66 0.67 0.56 0.62 - 0.02 1.37 0.52 2.40 1.60 2.34 + 0.72 3.36 1.45 1.87 1.23 1.82 + 0.59 2.68 1.12 0.30 0.16 0.30 + 0.12 0.68 0.15 0.39 0.21 0.39 + 0.17 0.85 0.20 0.04 0.00 0.04 - 0.02 0.08 0.04 0.00 0.00 0.10 unch 0.00 0.15 0.10 0.44 0.39 0.41 - 0.03 0.94 0.32 0.53 0.44 0.47 - 0.03 2.50 0.44 1.00 0.00 1.00 + 0.17 1.83 0.69 1.31 1.02 1.18 + 0.11 2.30 0.90 0.07 0.05 0.06 + 0.01 0.18 0.05 0.09 0.07 0.08 + 0.01 0.23 0.06 0.00 0.00 0.17 unch 0.00 0.30 0.15 0.08 0.08 0.08 unch 0.00 0.13 0.04 0.12 0.00 0.12 + 0.01 0.17 0.05 36.08 0.00 35.62 + 4.02 55.61 29.65 18.05 16.33 18.03 + 2.20 27.80 14.76 2.65 2.32 2.60 + 0.29 3.85 1.95 13.64 0.00 13.64 - 3.11 27.20 15.31 15.28 13.85 14.71 + 0.56 26.96 13.47 0.09 0.06 0.08 + 0.02 0.29 0.06 0.06 0.05 0.06 + 0.01 0.19 0.05 0.93 0.77 0.85 + 0.06 1.10 0.56 1.10 0.99 1.10 + 0.08 1.33 0.69 0.03 0.02 0.03 + 0.00 0.04 0.01 0.03 0.00 0.03 + 0.01 0.05 0.02 0.15 0.00 0.15 + 0.02 0.25 0.09 0.00 0.00 0.18 unch 0.00 0.18 0.18 14.38 12.90 14.38 + 1.25 23.45 11.69 0.05 0.04 0.04 - 0.02 0.13 0.01 0.07 0.00 0.05 - 0.02 0.09 0.04 0.00 0.00 0.11 unch 0.00 0.14 0.09 0.24 0.17 0.21 + 0.02 0.99 0.17 0.19 0.14 0.17 - 0.00 1.00 0.13 0.26 0.22 0.26 + 0.02 0.87 0.21 0.36 0.29 0.36 + 0.05 1.02 0.28 0.01 0.00 0.00 - 0.00 0.03 0.00

(100s) Stock

Exc Volume

Arbor Metals V Arch Resources* N Archer Explor C Archon Mineral V Arcland Res V ArcPacific Res V ArcPacific Res* O Arctic Fox Ven C Arctic Star* O Arctic Star V Arcus Dev Grp* O Arcus Dev Grp V Arcwest Explor V Arcwest Explor* O Arena Min* O Arena Min V Argentina Lith V Argentina Lith* O Argentum Silvr* O Argentum Silvr V Argo Gold C Argo Gold* O Argonaut Gold* O Argonaut Gold T Arianne Phosph V Arianne Phosph* O Aris Gold T Arizona Gold* O Arizona Gold T Arizona Metals V Arizona Metals* O Arizona Silver* O Arizona Silver V Armor Min V Artemis Gold* O Artemis Gold V Asante Gold* O Asante Gold C Asbestos Corp V Ascendant Res* O Ascendant Res T Ascot Res * O Ascot Res T AsiaBaseMetals V Aston Bay* O Aston Bay V ATAC Res* O ATAC Res V Atacama Cop V Atacama Res* O Atalaya Mining T Athabasca Min* O Athabasca Min V Athena Gold* O Athena C Atico Mining* O Atico Mining V Atlas Salt* O Atlas Salt V Aton Resources* O Aton Resources V Augusta Gold* O Augusta Gold T Aura Minerals T Aura Minerals* O Aurania Res* O Aurania Res V Aurcana Silver V Aurcana Silver* O AurCrest Gold V Aurelius Min* O Aurelius Min V Aurion Res * O Aurion Res V Aurora Royal V Aurwest Res C AURYN Mining* O Aust Mines* O Austin Res V Austral Gold* O Austral Gold V Auxico Res* O Auxico Res C Avalon Advance* O Avalon Advance T Avidian Gold V Avidian Gold* O Avino Silver* X Avino Silver T Avrupa Min V Avrupa Min* O Awale Res V Axmin Inc V Aya Gold* O Azarga Metals* O Azarga Metals V Azimut Explor* O Azimut Explor V Azincourt Ener* O Azincourt Ener V Aztec Minerals V Aztec Minerals* O Azucar Min V Azucar Min* O

32 4330 25 0 0 266 0 0 406 3064 5 29 48 18 145 554 603 388 0 42 236 6 994 9529 322 534 603 173 939 792 332 48 227 2 60 344 24 503 0 16 201 1594 6674 11 324 4432 211 333 28 217 29 60 60 770 417 70 101 75 1188 16 86 162 222 17 2 100 211 5838 4730 115 30 74 243 478 36 86 2 150 20 5 70 33 342 222 1534 701 18 1372 112 327 38 72 230 9 99 158 11 23 564 2226 119 109 144 194

Week High

Low

12-month

Last Change

High Low

2.47 2.36 2.38 - 0.02 2.85 1.70 145.93 123.34 129.14 - 6.87 183.53 59.51 0.27 0.25 0.27 unch 0.00 1.25 0.13 0.00 0.00 0.18 unch 0.00 0.33 0.17 0.00 0.00 0.13 unch 0.00 0.38 0.06 0.05 0.04 0.04 - 0.01 0.08 0.04 0.04 0.00 0.04 unch 0.00 0.13 0.02 0.00 0.00 0.13 unch 0.00 0.20 0.12 0.08 0.07 0.08 + 0.01 0.12 0.04 0.10 0.08 0.10 + 0.01 0.16 0.05 0.01 0.01 0.01 unch 0.00 0.02 0.01 0.03 0.00 0.03 + 0.01 0.04 0.02 0.07 0.00 0.07 - 0.01 0.12 0.06 0.05 0.05 0.05 unch 0.00 0.09 0.04 0.38 0.32 0.38 + 0.06 0.60 0.13 0.50 0.41 0.49 + 0.08 0.68 0.16 0.25 0.21 0.22 - 0.03 0.96 0.14 0.19 0.16 0.17 - 0.02 0.77 0.11 0.00 0.00 0.01 unch 0.00 0.16 0.01 0.10 0.00 0.10 - 0.02 0.22 0.07 0.09 0.07 0.09 + 0.01 0.20 0.06 0.07 0.06 0.07 unch 0.00 0.14 0.05 0.40 0.29 0.37 + 0.05 3.23 0.28 0.50 0.38 0.48 + 0.07 4.09 0.38 0.50 0.42 0.43 - 0.05 0.82 0.29 0.40 0.32 0.34 - 0.03 0.65 0.23 2.01 1.76 1.95 + 0.30 2.25 1.21 0.04 0.03 0.03 + 0.00 0.10 0.03 0.05 0.04 0.05 unch 0.00 0.13 0.04 4.40 3.70 4.38 + 0.51 6.98 3.05 3.44 2.89 3.42 + 0.44 5.60 2.39 0.21 0.17 0.21 + 0.02 0.48 0.13 0.28 0.22 0.28 + 0.06 0.60 0.17 0.52 0.00 0.51 - 0.01 0.87 0.48 3.95 2.90 3.94 + 0.92 6.23 2.81 5.13 3.92 5.08 + 1.12 7.93 3.70 0.90 0.90 0.90 - 0.09 1.80 0.31 1.45 1.12 1.38 + 0.23 2.29 0.38 0.00 0.00 0.99 unch 0.00 1.00 0.50 0.15 0.12 0.14 + 0.00 0.22 0.12 0.19 0.13 0.17 - 0.01 0.29 0.13 0.30 0.26 0.29 + 0.01 1.18 0.24 0.38 0.35 0.38 + 0.02 1.41 0.31 0.14 0.00 0.14 - 0.02 0.24 0.13 0.04 0.03 0.03 + 0.01 0.06 0.02 0.04 0.03 0.03 unch 0.00 0.09 0.03 0.09 0.08 0.09 + 0.01 0.13 0.06 0.12 0.00 0.12 + 0.02 0.16 0.09 0.19 0.00 0.19 + 0.02 0.65 0.13 0.01 0.01 0.01 unch 0.00 0.03 0.00 5.49 4.37 4.54 - 0.10 8.48 3.91 0.22 0.21 0.22 + 0.00 0.54 0.12 0.27 0.00 0.27 unch 0.00 0.70 0.15 0.10 0.05 0.07 + 0.01 0.21 0.05 0.15 0.07 0.15 + 0.02 0.30 0.05 0.22 0.18 0.22 + 0.01 0.53 0.18 0.29 0.24 0.27 + 0.01 0.65 0.23 2.68 2.31 2.68 + 0.32 2.56 0.48 3.44 2.93 3.40 + 0.36 3.33 0.58 0.24 0.21 0.21 - 0.07 0.48 0.12 0.30 0.00 0.28 - 0.08 0.69 0.16 1.48 1.14 1.47 + 0.21 1.94 0.71 1.91 1.43 1.86 + 0.23 2.40 0.89 7.26 6.60 7.22 + 0.26 16.76 6.49 5.25 0.00 5.11 - 0.44 13.90 4.76 0.52 0.46 0.48 - 0.03 2.43 0.42 0.68 0.58 0.60 - 0.05 3.00 0.52 0.02 0.02 0.02 unch 0.00 0.90 0.02 0.02 0.01 0.01 - 0.00 0.72 0.01 0.19 0.00 0.17 + 0.01 0.39 0.12 0.08 0.08 0.08 unch 0.00 0.36 0.07 0.11 0.10 0.10 + 0.01 0.45 0.09 0.47 0.42 0.47 + 0.04 1.09 0.41 0.60 0.55 0.56 + 0.01 1.36 0.55 0.03 0.00 0.02 unch 0.00 0.07 0.02 0.09 0.07 0.08 + 0.01 0.18 0.06 0.55 0.55 0.55 - 0.02 1.05 0.50 0.07 0.00 0.07 + 0.01 0.27 0.04 0.04 0.00 0.03 - 0.01 0.09 0.03 0.04 0.04 0.04 unch 0.00 0.13 0.03 0.05 0.00 0.05 unch 0.00 0.13 0.04 0.70 0.66 0.70 + 0.05 1.68 0.41 0.88 0.82 0.86 + 0.03 1.85 0.50 0.10 0.09 0.09 - 0.01 0.19 0.07 0.13 0.11 0.11 - 0.02 0.24 0.09 0.04 0.00 0.04 + 0.01 0.15 0.03 0.03 0.02 0.03 + 0.00 0.12 0.02 0.64 0.54 0.63 + 0.05 1.11 0.49 0.81 0.68 0.81 + 0.07 1.38 0.64 0.04 0.03 0.03 - 0.01 0.11 0.03 0.03 0.03 0.03 unch 0.00 0.09 0.02 0.15 0.00 0.15 + 0.01 0.56 0.14 0.04 0.04 0.04 - 0.01 0.08 0.03 5.78 0.00 5.74 + 1.19 9.44 3.86 0.01 0.01 0.01 - 0.00 0.09 0.01 0.02 0.00 0.01 unch 0.00 0.12 0.01 0.72 0.00 0.70 + 0.10 1.87 0.60 0.93 0.81 0.90 + 0.12 2.39 0.78 0.05 0.04 0.05 + 0.00 0.19 0.03 0.07 0.05 0.07 + 0.01 0.29 0.05 0.29 0.25 0.29 + 0.05 0.38 0.22 0.23 0.19 0.23 + 0.03 0.30 0.16 0.07 0.00 0.07 + 0.01 0.19 0.06 0.05 0.00 0.04 - 0.01 0.15 0.04

B B2Gold Corp T 10822 B2Gold Corp* X 64036 Bald Eagle V 1304 Balto Res V 19 Bam Bam Res C 123 Bannerman Egy* O 371 Banyan Gold V 595 Banyan Gold* O 119 Barksdale Res* O 29 Barksdale Res V 314 Baroyeca Gold V 121 Baroyeca Gold* O 232 Barrick Gold T 20110 Barrick Gold* N 120070 Barsele Min* O 0 Barsele Min V 9 Baru Gold V 542 Baru Gold* O 377 Baselode Egy* O 548 Baselode Egy V 500 Basin Uranium C 360 Batero Gold V 6 Bathurst Met V 329 Bathurst Metal* O 5 Battery Min V 77 Bayhorse Silvr* O 540 Bayhorse Silvr V 906 BC Moly V 164 BCM Res V 187 BCM Res* O 42 BE Res V 0 Bear Creek Mng V 227 Bear Creek Mng* O 98 Bearclaw Cap V 0 Bearing Lith* O 193 Bearing Lith V 360 Beauce Gold V 220 Bell Copper V 109 Bell Copper* O 82 Belmont Res V 1096 Belo Sun Mng T 1395 Belo Sun Mng* O 2697 BeMetals * O 134 BeMetals V 116 Benchmark Met* O 87 Benchmark Met V 925 Benjamin Hill C 3819 Benjamin Hill* O 622 Benton Res* O 27 Benton Res V 219 Benz Mining* O 16 Benz Mining V 5 Bessor Min V 82

4.54 3.54 0.10 0.06 0.33 1.75 0.51 0.40 0.47 0.61 0.21 0.15 20.46 15.98 0.25 0.32 0.05 0.04 0.64 0.87 0.18 0.04 0.04 0.02 0.22 0.04 0.04 0.14 0.17 0.14 0.00 0.89 0.69 0.00 0.23 0.30 0.07 0.25 0.20 0.08 0.36 0.28 0.12 0.16 0.47 0.62 0.13 0.10 0.09 0.12 0.30 0.38 0.05

4.10 3.18 0.08 0.00 0.00 1.20 0.42 0.32 0.40 0.50 0.00 0.11 19.02 14.80 0.25 0.00 0.03 0.03 0.52 0.68 0.15 0.00 0.00 0.02 0.00 0.03 0.04 0.11 0.14 0.00 0.00 0.76 0.59 0.00 0.19 0.00 0.06 0.23 0.18 0.06 0.31 0.24 0.10 0.14 0.40 0.50 0.09 0.07 0.07 0.10 0.00 0.00 0.00

4.48 + 3.51 + 0.10 + 0.06 unch 0.32 + 1.61 + 0.49 + 0.38 + 0.41 + 0.54 0.16 unch 0.15 + 20.18 + 15.74 + 0.25 unch 0.32 + 0.04 + 0.03 + 0.62 + 0.80 + 0.17 + 0.04 unch 0.04 0.02 unch 0.20 0.03 0.04 unch 0.11 0.16 + 0.11 0.20 unch 0.89 + 0.67 + 0.20 unch 0.23 + 0.30 + 0.07 unch 0.24 unch 0.18 0.07 0.36 + 0.28 + 0.12 + 0.14 0.46 + 0.60 + 0.10 0.07 0.09 + 0.10 0.29 + 0.37 + 0.05 -

0.29 6.39 4.06 0.26 5.07 3.10 0.01 0.12 0.04 0.00 0.20 0.04 0.08 2.15 0.20 0.21 1.75 0.09 0.06 0.57 0.23 0.05 0.46 0.19 0.05 0.54 0.22 0.08 0.70 0.26 0.00 0.50 0.13 0.04 0.49 0.10 0.38 33.50 19.02 0.41 26.07 14.80 0.00 0.51 0.18 0.07 0.65 0.22 0.01 0.13 0.03 0.01 0.10 0.02 0.06 1.23 0.32 0.08 1.54 0.40 0.01 1.08 0.15 0.00 0.12 0.04 0.01 0.15 0.02 0.00 0.53 0.03 0.03 0.73 0.15 0.00 0.15 0.03 0.00 0.18 0.04 0.03 0.40 0.08 0.01 0.35 0.10 0.02 0.34 0.07 0.00 0.20 0.20 0.07 1.96 0.63 0.04 1.60 0.49 0.00 0.25 0.18 0.04 0.35 0.13 0.05 0.44 0.17 0.00 0.23 0.06 0.00 0.73 0.11 0.01 0.58 0.09 0.01 0.11 0.05 0.04 0.88 0.22 0.03 0.73 0.18 0.00 0.30 0.08 0.01 0.37 0.13 0.03 0.96 0.40 0.08 1.20 0.49 0.03 0.67 0.09 0.03 0.50 0.07 0.03 0.19 0.07 0.01 0.24 0.08 0.01 0.63 0.27 0.01 0.84 0.32 0.01 0.09 0.02

(100s) Stock

Exc Volume

Week

12-month

High

Low

Last Change

Bird River Res C 24 Bitterroot Res* O 55 Bitterroot Res V 46 Black Dragon* O 1 Black Hills* N 2199 Black Iron T 364 Black Iron* O 232 Black Mammoth* O 33 Black Mammoth V 14 Black Mountain V 171 Black Mountain* O 5 Black Tusk Res* O 81 Black Tusk Res C 1434 Blackrock Silv V 1483 Blackrock Silv* O 1456 Blackwolf Cop V 13 Blackwolf Cop* O 20 Blind Creek V 380 Blue Lagoon* O 521 Blue Lagoon C 438 Blue Moon V 60 Blue Moon* O 34 Blue River Res V 4064 Blue River Res* O 365 Blue Sky Uran* O 398 Blue Sky Uran V 587 Blue Star Gold V 33 Blue Thunder V 121 BlueBird Batt* O 21 BlueBird Batt V 62 Bluejay Mining* O 221 Bluestone Res V 174 Bluestone Res* O 66 BMEX Gold V 1 Bold Ventures* O 20 Bold Ventures V 79 Bolt Metals* O 17 Bolt Metals C 20 Bonanza Gold* O 1431 Bond Resources C 1600 BonTerra Res V 454 Boreal Metals V 569 Boreal Metals* O 461 Borneo Res Inv* O 4951 Boundary Gold* O 3 Boundary Gold V 51 Brascan Gold C 413 Bravada Gold V 144 Bravada Gold* O 59 Braveheart Res V 957 Braveheart Res* O 395 Bravo Multinat* O 25 Brazil Min* O 85006 Brigadier Gold* O 417 Brigadier Gold V 115 BrightRock* O 196 Brixton Metals* O 411 Brixton Metals V 670 Brookmount Exp* O 10722 Brunswick Expl V 333 Bryn Res* O 93 BTU Metals* O 5 BTU Metals V 681 Buenaventura* N 8514 Buffalo Coal * O 7 Buffalo Coal V 1324 Bullet Explor V 1 Bunker Hill C 683 Burrell Res C 3 Bushveld Min* O 6 BWR Explor V 90

0.11 0.06 0.08 0.02 78.00 0.08 0.06 0.08 0.10 0.30 0.21 0.02 0.03 0.67 0.53 0.42 0.45 0.04 0.28 0.35 0.03 0.02 0.02 0.02 0.13 0.17 0.59 0.02 0.02 0.03 0.07 0.87 0.67 0.00 0.07 0.10 0.09 0.12 0.00 0.02 0.85 0.06 0.05 0.00 0.02 0.03 0.07 0.04 0.03 0.07 0.06 0.04 0.02 0.01 0.02 0.19 0.13 0.16 0.12 0.26 0.02 0.03 0.05 6.18 0.01 0.02 0.00 0.19 0.23 0.15 0.03

0.00 0.05 0.00 0.02 71.27 0.07 0.05 0.07 0.00 0.00 0.21 0.02 0.02 0.58 0.46 0.00 0.29 0.00 0.23 0.30 0.00 0.02 0.01 0.01 0.11 0.15 0.00 0.01 0.02 0.00 0.06 0.74 0.58 0.00 0.07 0.00 0.08 0.00 0.00 0.00 0.67 0.04 0.04 0.00 0.02 0.00 0.04 0.00 0.03 0.06 0.04 0.00 0.01 0.01 0.00 0.16 0.11 0.14 0.04 0.22 0.01 0.03 0.00 5.18 0.01 0.00 0.00 0.15 0.23 0.04 0.00

C2C Gold* O 169 C3 Metals V 40 Cabral Gold* O 222 Cabral Gold V 443 Caledonia Mng* X 225 Calibre Mng T 3406 Calibre Mng* O 282 Califfi Cap V 0 Callinex Mines* O 19 Callinex Mines V 31 Cameco Corp* N 34123 Cameco Corp T 7200 Camino Min V 82 Camino Min* O 41 Canada Carbon V 353 Canada Carbon* O 60 Canada Nickel V 382 Canada Nickel* O 104 Canada One V 0 Canada Rare V 250 Canada Rare* O 72 Canada Silver V 1119 Canada Silver* O 252 Canadian Metal C 135 Canadian Prem V 153 Canadian Prem* O 1 Canadian Silv V 16 Canagold Res T 262 Canagold Res* O 80 CanAlaska Uran V 756 CanAlaska Uran* O 280 Canasil Res V 360 Candelaria Mg V 8 Candelaria Mg* O 9 Candente Coppr T 283 Candente Gold* O 96 Candente Gold V 12 CANEX Metals * O 2 CANEX Metals V 178 CaNickel Mng V 2 Canoe Mng Vent V 41 Canstar Res V 133 Canstar Res* O 79 Canterra Min* O 234 Canterra Min V 101 Cantex Mn Dev* O 291 Cantex Mn Dev V 706 Canuc Res V 100 Canuc Res* O 0 Capella Min V 303 Capella Min* O 19 Capitan Mining V 241 Capitan Mining* O 88 Capstone Mng T 7322 Cariboo Rose V 21 Carlin Gold V 45 Carrara Explor C 2219 Cartier Iron C 162 Cartier Res* O 188 Cartier Res V 467 Casa Minerals V 22 Casa Minerals * O 1 Cascada Silver C 1503 Cascadero Copp V 173 Cassiar Gold V 854 Cassius Vents V 0 CAT Strategic C 1201 CAT Strategic* O 94 CAVU Mining* O 5 CAVU Mining C 3 Cdn Goldcamps* O 0 Cdn Goldcamps C 6 Cdn Manganese 96 CDN Maverick* O 6 Cdn Palladium C 521 Cdn Palladium* O 884 Centamin T 95 Centerra Gold T 4718 Central Afric V 184 Central Asia* O 3 Central Iron V 0 Centurion Mnls V 0 Century Cobalt* O 125 Century Global T 0 Cerrado Gold V 137 Cerro de Pasc * O 23

0.11 0.07 0.11 + 0.04 0.31 0.07 0.06 0.00 0.06 unch 0.00 0.25 0.05 0.25 0.18 0.23 + 0.03 0.52 0.17 0.29 0.00 0.29 + 0.04 0.55 0.22 11.46 10.22 11.21 + 0.66 18.23 9.97 1.16 0.97 1.06 + 0.04 1.76 0.84 0.90 0.76 0.84 + 0.04 1.56 0.64 0.00 0.00 0.12 unch 0.00 0.18 0.09 1.76 1.38 1.76 + 0.33 3.24 1.13 2.28 1.77 2.28 + 0.44 4.04 1.47 25.88 22.09 25.77 + 3.24 32.49 15.34 33.15 28.45 32.98 + 3.91 41.05 19.68 0.05 0.04 0.04 unch 0.00 0.17 0.04 0.03 0.03 0.03 + 0.00 0.14 0.03 0.05 0.00 0.04 unch 0.00 0.14 0.04 0.03 0.03 0.03 unch 0.00 0.14 0.01 1.48 1.40 1.47 + 0.03 4.01 1.40 1.20 1.10 1.14 + 0.03 3.19 1.01 0.00 0.00 0.12 unch 0.00 0.12 0.05 0.04 0.03 0.03 - 0.01 0.09 0.03 0.03 0.02 0.02 - 0.00 0.07 0.02 0.13 0.11 0.13 + 0.02 0.36 0.10 0.10 0.08 0.10 + 0.01 0.30 0.08 0.12 0.10 0.10 - 0.03 0.26 0.09 0.40 0.34 0.39 + 0.05 0.63 0.27 0.28 0.28 0.28 - 0.00 0.53 0.21 0.02 0.00 0.02 unch 0.00 0.08 0.02 0.30 0.00 0.29 + 0.01 0.69 0.25 0.23 0.22 0.23 + 0.01 0.55 0.19 0.54 0.45 0.53 + 0.08 0.84 0.27 0.41 0.33 0.40 + 0.05 0.67 0.21 0.10 0.08 0.10 + 0.01 0.16 0.05 0.10 0.00 0.10 unch 0.00 0.64 0.10 0.08 0.08 0.08 - 0.00 0.49 0.08 0.17 0.15 0.17 + 0.02 0.26 0.11 0.08 0.08 0.08 unch 0.00 0.12 0.04 0.10 0.00 0.10 + 0.01 0.20 0.06 0.10 0.00 0.10 - 0.00 0.20 0.07 0.12 0.00 0.11 - 0.01 0.20 0.09 0.07 0.00 0.07 + 0.01 0.23 0.06 0.05 0.00 0.05 - 0.01 0.20 0.04 0.12 0.09 0.10 + 0.01 0.61 0.08 0.09 0.07 0.08 + 0.01 0.51 0.06 0.08 0.07 0.08 + 0.00 0.32 0.06 0.10 0.00 0.10 + 0.01 0.40 0.08 0.31 0.21 0.31 + 0.09 0.44 0.19 0.43 0.00 0.40 + 0.12 0.59 0.23 0.07 0.00 0.07 - 0.01 0.25 0.07 0.00 0.00 0.05 unch 0.00 0.20 0.05 0.06 0.05 0.05 unch 0.00 0.12 0.04 0.04 0.03 0.04 - 0.00 0.10 0.01 0.31 0.00 0.30 unch 0.00 0.74 0.18 0.24 0.21 0.24 + 0.01 0.65 0.13 2.95 2.39 2.89 + 0.41 7.79 2.25 0.05 0.00 0.04 - 0.02 0.07 0.04 0.03 0.00 0.02 - 0.01 0.06 0.02 0.03 0.03 0.03 + 0.01 0.03 0.02 0.06 0.05 0.06 unch 0.00 0.15 0.02 0.12 0.07 0.08 - 0.04 0.23 0.01 0.12 0.10 0.10 unch 0.00 0.27 0.09 0.12 0.00 0.12 + 0.02 0.25 0.07 0.13 0.13 0.13 unch 0.00 0.22 0.08 0.04 0.03 0.03 - 0.01 0.08 0.03 0.02 0.00 0.01 unch 0.00 0.03 0.01 0.75 0.59 0.71 + 0.06 1.48 0.35 0.00 0.00 0.05 unch 0.00 0.17 0.05 0.03 0.02 0.02 unch 0.00 0.06 0.02 0.03 0.02 0.02 + 0.00 0.06 0.01 0.16 0.09 0.14 - 0.01 1.18 0.09 0.20 0.20 0.20 unch 0.00 0.70 0.15 0.00 0.00 0.46 unch 0.00 0.86 0.03 0.31 0.00 0.31 + 0.01 1.40 0.29 0.23 0.16 0.18 - 0.03 0.50 0.10 0.16 0.16 0.16 unch 0.00 0.21 0.15 0.07 0.06 0.07 + 0.01 0.13 0.05 0.05 0.04 0.05 + 0.01 0.11 0.04 1.30 1.21 1.30 + 0.07 1.89 1.15 8.19 7.45 7.97 + 0.37 13.52 7.33 0.05 0.00 0.04 - 0.01 0.23 0.04 2.57 2.57 2.57 unch 0.00 3.65 2.57 0.00 0.00 0.22 unch 0.00 0.24 0.12 0.00 0.00 0.14 unch 0.00 0.14 0.14 0.02 0.01 0.02 unch 0.00 0.07 0.01 0.00 0.00 0.12 unch 0.00 0.42 0.12 1.50 1.25 1.40 + 0.10 1.96 1.16 0.17 0.14 0.14 - 0.03 0.29 0.14

0.11 0.06 0.07 0.02 unch 77.20 + 0.07 unch 0.06 + 0.08 + 0.10 0.28 unch 0.21 unch 0.02 + 0.03 + 0.59 0.46 0.41 + 0.33 + 0.03 0.26 unch 0.33 0.03 unch 0.02 unch 0.02 0.01 0.13 + 0.17 + 0.56 0.01 unch 0.02 0.02 0.06 + 0.85 + 0.67 + 0.06 unch 0.07 unch 0.10 unch 0.08 0.10 0.00 0.01 0.80 + 0.04 0.04 0.00 + 0.02 + 0.03 unch 0.05 + 0.04 unch 0.03 + 0.06 0.05 0.04 + 0.01 0.01 + 0.02 + 0.18 0.11 + 0.15 unch 0.05 + 0.26 + 0.01 unch 0.03 unch 0.04 5.44 0.01 unch 0.02 unch 0.05 unch 0.16 0.23 unch 0.13 0.03 unch

High Low

0.06 0.22 0.11 0.00 0.13 0.04 0.01 0.16 0.06 0.00 0.05 0.02 5.66 80.95 61.95 0.00 0.43 0.06 0.00 0.34 0.05 0.01 0.17 0.06 0.01 0.21 0.08 0.00 0.58 0.25 0.00 0.51 0.15 0.01 0.03 0.01 0.01 0.04 0.01 0.05 1.30 0.54 0.04 1.08 0.41 0.04 1.01 0.35 0.02 1.00 0.25 0.01 0.12 0.03 0.00 0.59 0.23 0.03 0.73 0.30 0.00 0.06 0.02 0.00 0.05 0.01 0.01 0.03 0.01 0.01 0.02 0.00 0.01 0.29 0.09 0.02 0.37 0.12 0.04 0.77 0.31 0.00 0.06 0.01 0.01 0.08 0.02 0.01 0.10 0.02 0.01 0.24 0.05 0.09 2.30 0.70 0.09 1.79 0.55 0.00 0.20 0.05 0.00 0.10 0.06 0.00 0.17 0.07 0.01 0.32 0.07 0.02 0.38 0.10 0.00 0.04 0.00 0.01 0.10 0.01 0.14 1.49 0.66 0.02 0.30 0.05 0.01 0.23 0.04 0.00 0.02 0.00 0.00 0.03 0.02 0.00 0.04 0.03 0.01 0.69 0.04 0.00 0.07 0.03 0.00 0.06 0.02 0.01 0.12 0.06 0.00 0.09 0.04 0.01 0.18 0.02 0.00 0.03 0.00 0.00 0.07 0.01 0.01 0.09 0.01 0.00 0.21 0.02 0.00 0.20 0.08 0.00 0.24 0.11 0.01 0.70 0.02 0.05 0.29 0.11 0.00 0.06 0.01 0.00 0.12 0.02 0.01 0.15 0.03 0.74 12.35 5.54 0.00 0.04 0.01 0.00 0.06 0.01 0.00 0.15 0.04 0.02 0.42 0.14 0.00 0.50 0.20 0.02 0.21 0.02 0.00 0.06 0.02

C

(100s) Stock

Exc Volume

Cerro de Pasc C 302 Cerro Grande C 2 Cerro Mng* O 20 Ceylon Graph V 408 Ceylon Graph* O 136 Chakana Copper V 145 Chakana Copper* O 123 Chalice Gold M* O 13 Champion Bear* O 40 Champion Bear V 23 Champion Iron* O 144 Champion Iron T 2514 Chatham Rock V 6 Chatham Rock* O 26 Chesapeake Gld V 45 Chesapeake Gld* O 74 Chevron Corp* N 41599 Chiboug Ind Mn V 202 Chiboug Ind Mn* O 142 Chilean Metals V 210 Chilean Metals* O 290 China Gold Int T 51 Churchill Res V 83 Cipher Mining* D 824 Clarity Gold* O 101 Clarity Gold C 152 Class 1 Nickel C 191 Clean Air Met V 493 Clean Comm* O 0 Cleghorn Min V 0 Cleveland-Clif* N 81130 Cliffmont Res V 0 Clifton Mng* O 60 Clydesdale Res V 0 CMC Metals* O 219 CMC Metals V 781 CMX Gold & Sil C 13 CNRP Mng C 708 Coast Copper V 171 Cobalt Block V 149 Cobalt Block* O 39 Coeur Mng* N 27548 Collective Mg* O 1 Colombia Crest V 256 Colombia Crest* O 70 Colonial Coal V 329 Comet Inds V 0 Commander Res V 110 Commander Res* O 24 Commerce Res V 424 Commerce Res* O 50 Compass Gold V 16 Comstock Mng* X 1864 Comstock Mtls V 43 Comstock Mtls * O 0 Condor Gold* O 38 Condor Gold T 69 Condor Res V 229 Condor Res* O 40 Conquest Res * O 138 Conquest Res V 246 Cons Uranium* O 135 Cons Uranium V 245 Cons Woodjam V 121 CONSOL Energy* N 18818 CONSOL Energy* N 3355 Constantine Mt* O 169 Constantine Mt V 88 Contact Gold* O 65 Contact Gold V 102 CopAur Min V 401 CopAur Min* O 319 Copper Fox Mtl* O 70 Copper Fox Mtl V 156 Copper Lake Rs V 2141 Copper Mtn Mng T 8307 Copper Mtn Mng* O 769 Copper One * O 23 Copperbank Res C 7513 Cordoba Mnls V 25 Cordoba Mnls* O 106 Core Assets C 672 Cornerstone Ca V 23 Cornerstone Ca* O 1 Corsa Coal * O 322 Corsa Coal V 788 Cortus Metals V 40 CoTec Holdings V 5 Crest Resource C 1099 Crest Resource* O 4 Crestview Expl C 8 Critical Elem* O 79 Critical Elem V 1072 Cross River* O 30 Cross River C 787 Crown Mining V 10 Crown Mining* O 2 Cruz Battery* O 380 Cruz Battery C 254 Currie Rose Rs V 168 CWN M’g Acq V 0 Cyntar Venture C 16 Cypress Dev* O 326 Cypress Dev V 378

Week High

Low

12-month

Last Change

High Low

0.21 0.18 0.19 - 0.03 0.38 0.18 0.00 0.00 0.02 unch 0.00 0.02 0.01 0.07 0.00 0.07 unch 0.00 0.29 0.07 0.11 0.10 0.11 unch 0.00 0.27 0.10 0.08 0.00 0.08 - 0.00 0.22 0.08 0.11 0.10 0.11 unch 0.00 0.45 0.10 0.09 0.08 0.09 - 0.00 0.38 0.08 3.30 3.05 3.30 + 0.29 7.69 2.38 0.15 0.13 0.15 + 0.02 0.18 0.06 0.15 0.00 0.15 - 0.05 0.25 0.08 3.56 3.36 3.56 + 0.14 6.02 2.94 4.60 4.21 4.55 + 0.17 7.59 3.71 0.23 0.00 0.22 - 0.01 0.46 0.09 0.15 0.15 0.15 unch 0.00 0.26 0.09 2.30 1.85 2.30 + 0.35 4.56 1.85 1.97 1.44 1.74 + 0.24 3.66 1.39 164.66 144.18 163.78 + 19.59 182.40 92.86 0.15 0.00 0.11 - 0.04 0.30 0.11 0.09 0.09 0.09 unch 0.00 0.18 0.09 0.10 0.09 0.10 unch 0.00 0.30 0.09 0.08 0.07 0.08 + 0.00 0.23 0.07 3.57 3.33 3.54 + 0.18 5.45 3.02 0.19 0.00 0.19 + 0.03 0.45 0.15 1.79 1.51 1.72 - 0.07 15.39 1.26 0.12 0.07 0.10 - 0.00 0.60 0.07 0.14 0.12 0.13 + 0.01 0.72 0.10 0.20 0.19 0.20 unch 0.00 0.65 0.10 0.19 0.17 0.18 unch 0.00 0.32 0.15 0.06 0.00 0.06 unch 0.00 0.25 0.00 0.00 0.00 0.08 unch 0.00 0.17 0.08 17.75 15.74 17.71 + 2.09 34.04 14.32 0.00 0.00 0.10 unch 0.00 0.23 0.06 0.16 0.08 0.15 - 0.01 0.28 0.08 0.00 0.00 0.09 unch 0.00 0.12 0.05 0.13 0.11 0.13 + 0.01 0.21 0.03 0.17 0.14 0.16 + 0.02 0.25 0.08 0.10 0.00 0.10 - 0.01 0.12 0.05 0.09 0.07 0.07 - 0.01 0.42 0.07 0.07 0.00 0.06 - 0.01 0.16 0.06 0.02 0.00 0.02 - 0.01 0.07 0.02 0.02 0.02 0.02 - 0.00 0.05 0.01 3.24 2.54 3.21 + 0.57 7.97 2.54 2.45 2.24 2.45 + 0.21 3.01 1.89 0.61 0.49 0.61 + 0.06 0.97 0.10 0.45 0.39 0.39 - 0.06 0.75 0.08 2.36 2.06 2.20 - 0.12 3.73 0.75 0.00 0.00 3.95 unch 0.00 4.00 2.90 0.10 0.00 0.10 + 0.02 0.20 0.08 0.08 0.07 0.08 + 0.01 0.16 0.06 0.18 0.17 0.18 + 0.01 0.32 0.16 0.13 0.12 0.13 - 0.01 0.25 0.12 0.09 0.00 0.09 - 0.01 0.20 0.08 0.62 0.56 0.61 + 0.03 3.48 0.55 0.08 0.00 0.06 - 0.02 0.11 0.06 0.00 0.00 0.06 unch 0.00 0.09 0.06 0.28 0.28 0.28 unch 0.00 0.64 0.28 0.33 0.00 0.31 - 0.03 0.89 0.33 0.13 0.00 0.11 + 0.02 0.24 0.08 0.09 0.07 0.09 - 0.01 0.19 0.01 0.02 0.02 0.02 - 0.00 0.16 0.02 0.04 0.00 0.03 - 0.01 0.20 0.03 1.57 1.32 1.57 + 0.27 2.67 1.16 2.01 1.69 2.00 + 0.28 3.29 1.51 0.08 0.00 0.07 - 0.01 0.18 0.07 19.76 16.94 17.27 - 1.00 24.21 10.41 66.05 56.40 61.32 + 5.13 66.05 19.11 0.24 0.23 0.23 + 0.01 0.60 0.18 0.30 0.00 0.30 unch 0.00 0.77 0.24 0.03 0.00 0.02 + 0.00 0.07 0.02 0.04 0.03 0.03 unch 0.00 0.09 0.03 0.64 0.48 0.64 + 0.12 1.70 0.39 0.50 0.37 0.50 + 0.11 1.34 0.30 0.16 0.15 0.16 unch 0.00 0.36 0.13 0.21 0.20 0.21 + 0.01 0.45 0.18 0.09 0.06 0.08 - 0.01 0.21 0.04 1.63 1.23 1.62 + 0.21 4.38 1.23 1.27 0.96 1.25 + 0.16 3.45 0.96 0.03 0.02 0.03 - 0.00 0.20 0.01 0.58 0.39 0.43 - 0.05 1.00 0.36 0.62 0.00 0.53 - 0.10 0.84 0.35 0.50 0.41 0.42 - 0.06 0.64 0.01 0.75 0.59 0.69 + 0.10 0.88 0.07 3.58 0.00 3.58 + 0.33 5.28 2.90 2.69 0.00 2.69 + 0.03 4.10 0.65 0.21 0.18 0.20 + 0.00 0.87 0.18 0.27 0.23 0.26 + 0.01 1.10 0.23 0.05 0.00 0.05 unch 0.00 0.17 0.04 0.40 0.00 0.40 unch 0.00 0.80 0.19 0.04 0.03 0.04 unch 0.00 0.16 0.03 0.02 0.02 0.02 unch 0.00 0.17 0.04 0.22 0.00 0.22 + 0.02 0.45 0.13 1.21 1.02 1.19 + 0.14 1.65 0.87 1.57 1.32 1.53 + 0.17 1.98 1.13 0.03 0.00 0.03 - 0.00 0.31 0.03 0.05 0.04 0.05 + 0.01 0.21 0.04 0.05 0.00 0.05 unch 0.00 0.19 0.04 0.04 0.00 0.04 - 0.00 0.15 0.03 0.13 0.10 0.11 - 0.01 0.27 0.06 0.16 0.13 0.15 unch 0.00 0.34 0.09 0.03 0.00 0.03 unch 0.00 0.15 0.02 0.00 0.00 0.10 unch 0.00 0.10 0.08 0.34 0.32 0.32 - 0.02 0.99 0.29 1.12 0.91 1.00 + 0.02 2.13 0.76 1.35 1.17 1.28 + 0.01 2.61 0.97

D-F Dajin Lithium* O 19 Dajin Res V 33 Damara Gold* O 175 Damara Gold V 165 Danakali* O 138 Decade Res V 135 Decade Res* O 1 Deep-South Res* O 320 Deep-South Res V 780 DeepRock Min C 1158 Defense Metals* O 105 Defense Metals V 177 Defiance Silvr V 1492 Defiance Silvr* O 1410 Delrand Res V 26 Denarius Metal V 424 Denison Mines T 9329 Denison Mines* X 30508 Desert Gold* O 145 Desert Gold V 128 Desert Mtn Egy V 207 Diamante Min* O 0 Diamcor Mng V 156 Diamcor Mng* O 471 Diamond Fields V 58 Diamond Fields* O 17 Dios Expl V 607 Discovery Harb* O 130 Discovery Harb V 801 Discovery Silv V 1309 Discovery Silv* O 566 Discovery-Corp V 48 District Cop V 233 District Metal* O 27 District Metal V 303 District Mines V 116 Dixie Gold V 21 DLP Resouces V 20 DLP Resouces* O 43 Dolly Vard Sil V 208 Dolly Vard Sil* O 204 Dore Copper V 89 Doubleview Gld V 873 Doubleview Gld* O 1798 DRDGOLD* N 768 Dundee Prec Mt T 2463 Durango Res* O 394 Durango Res V 227 DV Resources V 0 Dynacor Gld Mn T 77 Dynacor Gld Mn* O 20 Dynamic Gold* O 0 DynaResource* O 29

0.51 0.65 0.03 0.04 0.19 0.13 0.02 0.04 0.05 0.04 0.15 0.19 0.38 0.29 0.08 0.20 1.58 1.24 0.08 0.09 2.49 0.00 0.22 0.17 0.14 0.10 0.04 0.01 0.01 1.28 0.99 0.08 0.12 0.10 0.13 0.09 0.10 0.22 0.12 0.69 0.54 0.38 0.40 0.31 6.39 6.58 0.06 0.07 0.00 3.10 2.36 0.00 2.30

0.39 0.00 0.03 0.00 0.17 0.00 0.02 0.02 0.00 0.04 0.13 0.17 0.28 0.21 0.00 0.18 1.34 1.03 0.05 0.00 2.27 0.00 0.19 0.15 0.00 0.00 0.00 0.00 0.00 1.00 0.77 0.00 0.00 0.07 0.09 0.00 0.00 0.00 0.12 0.57 0.43 0.38 0.33 0.25 5.64 5.84 0.05 0.06 0.00 2.86 2.20 0.00 2.10

0.46 + 0.55 unch 0.03 unch 0.04 unch 0.19 + 0.12 + 0.02 unch 0.03 + 0.05 + 0.04 0.14 0.18 0.38 + 0.29 + 0.07 unch 0.20 + 1.53 + 1.19 + 0.07 0.08 2.35 4.00 unch 0.21 unch 0.16 + 0.12 0.09 0.04 + 0.01 + 0.01 unch 1.19 + 0.94 + 0.08 unch 0.12 + 0.10 + 0.13 + 0.09 + 0.07 unch 0.22 0.12 unch 0.67 + 0.52 + 0.38 + 0.37 + 0.29 + 6.21 + 6.19 + 0.05 unch 0.07 0.50 unch 3.04 2.30 0.62 unch 2.19 +

0.01 0.00 0.00 0.00 0.02 0.02 0.00 0.01 0.01 0.01 0.01 0.01 0.11 0.08 0.00 0.02 0.17 0.14 0.01 0.01 0.13 0.00 0.00 0.00 0.02 0.02 0.01 0.01 0.00 0.16 0.14 0.00 0.02 0.03 0.05 0.03 0.00 0.03 0.00 0.10 0.07 0.01 0.04 0.03 0.54 0.19 0.00 0.01 0.00 0.03 0.07 0.00 0.04

2.45 1.31 0.09 0.11 0.40 0.30 0.25 0.08 0.09 0.10 0.28 0.36 0.80 0.65 0.09 0.73 2.64 2.14 0.14 0.19 4.95 7.88 0.52 0.43 0.25 0.19 0.11 0.09 0.11 2.27 1.87 0.11 0.45 0.53 0.32 0.28 0.32 0.25 0.19 0.88 0.70 0.99 1.18 1.22 10.98 9.65 0.08 0.09 0.65 3.50 2.80 0.82 2.45

0.00 0.42 0.00 0.04 0.15 0.09 0.03 0.02 0.03 0.03 0.13 0.17 0.21 0.16 0.02 0.17 1.19 0.91 0.05 0.07 1.65 3.83 0.18 0.13 0.11 0.01 0.03 0.00 0.01 0.97 0.74 0.07 0.05 0.07 0.09 0.06 0.06 0.14 0.12 0.44 0.34 0.37 0.18 0.14 5.38 5.53 0.03 0.04 0.35 2.50 1.99 0.62 0.10

GLOBAL MINING NEWS

(100s) Stock

Exc Volume

Dynasty Gold V 63 Dynasty Gold* O 5 E2Gold Inc V 482 E2Gold Inc* O 326 E3 Metals* O 171 E3 Metals V 498 E79 Resources C 133 E79 Resources* O 8 Eagle Graphite V 65 Eagle Graphite* O 0 Eagle Plains V 156 Earl Res V 359 East Africa V 54 Eastern Platin T 166 Eastern Platin* O 253 Eastfield Res V 214 Eastfield Res* O 136 Eco Oro Min C 9 Edgemont Gold C 169 Edgewater Expl V 0 Edison Battery* O 50 Edison Battery V 431 EEE Explor C 10 El Nino Vent V 190 El Nino Vent* O 158 Elcora Adv Mat V 574 Elcora Res* O 44 Eldorado Gold* N 17067 Eldorado Gold T 2349 Element 29* O 36 Element79 C 116 Elevation Gold* O 219 Elevation Gold V 431 Eloro Res V 379 Eloro Res* O 276 Elysee Dev V 23 Elysee Dev * O 28 Emerita Res V 1647 Emerita Res* O 312 Emgold Mining* O 58 Emgold Mining V 311 Eminent Gold V 65 Eminent Gold* O 31 EMP Metals* O 10 EMP Metals C 61 Emperor Metals C 160 EMX Royalty V 93 EMX Royalty* X 497 Encanto Potash V 198 EnCore Energy V 4688 Endeavour Mng T 2484 Endeavr Silver* N 14291 Endeavr Silver T 1824 Endurance Gold* O 27 Endurance Gold V 316 Enduro Metals V 209 Enduro Metals* O 38 Energy Fuels T 3126 Energy Fuels* X 14445 Engineer Gold V 283 Engold Mines V 87 Engold Mines* O 29 Entree Res* O 40 Entree Res T 84 Equinox Gold T 3514 Equinox Gold* X 14251 Equity Metals* O 289 Equity Metals V 731 Erdene Res Dev T 426 Erdene Res Dev* O 122 Erin Ventures* O 28 Erin Ventures V 305 Ero Copper T 1370 Ero Copper* N 515 Eros Res Corp* O 0 Eros Res Corp V 113 Eros Res Corp V 113 Eskay Mng* O 247 Eskay Mng V 778 Essex Minerals V 249 Ethos Gold* O 90 Ethos Gold V 121 Etruscus Res C 1289 Etruscus Res* O 50 Euro Manganese* O 75 Euro Manganese V 159 Euro Sun Mg T 855 Euro Sun Mg* O 141 EurOmax Res T 45 European Elect* O 10 European Elect V 20 European Metal* O 40 Evergold V 175 Evergold* O 172 EVI Global Grp C 487 Evrim Res V 211 Excellon Res T 251 Excellon Res* X 233 Excelsior Mng* O 127 Excelsior Mng T 223 ExGen Res Inc V 49 Exploits Disc* O 107 Fabled Silver V 679 Fabled Silver* O 191 Fairchild Gold V 15 Falco Res V 477 Falco Res * O 62 Falcon Gold V 400 Falcon Gold* O 514 Fancamp Expl V 133 Fathom Nickel C 147 Fathom Nickel* O 13 FenixOro Gold* O 541 FenixOro Gold C 143 Fidelity Min V 12 Filo Mg Corp T 790 Filo Mg Corp * O 52 Finlay Minrls V 31 FireFox Gold* O 374 FireFox Gold V 283 Firestone Vent V 0 Fireweed Zinc* O 23 Fireweed Zinc V 140 First Cobalt V 314 First Energy C 107 First Energy* O 61 First Idaho V 0 First Majestic* N 34213 First Majestic T 3952 First Mg Fin T 1569 First Mg Fin * O 946 First Point* O 214 First Quantum T 22559 First Tellur C 101 First Tellur* O 149 Fission 3.0 V 2729 Fission 3.0* O 1294 Fission Uran* O 886 Fission Uran T 8904 Five Star Diam V 52 Five Star Diam* O 51 Fjordland Exp* O 4 Fjordland Exp V 69 Flow Metals C 30 Focus Graphite* O 95 Focus Graphite V 288 Fokus Mining V 956 Foran Mining* O 101 Foran Mining V 570 Foremost Lith C 1403 Foremost Lith* O 31 Forsys Metals T 5020 Fort St James V 18 Fortescue Met* O 48 Fortuna Silvr T 3271 Fortuna Silvr* N 24725 Fortune Bay V 23 Fortune Bay* O 34 Fortune Min* O 709 Fortune Min T 476 Forty Pillars C 45 Forum Energy* O 969 Forum Energy V 1343 Fosterville V 123 Founders Metal V 0 Four Nines C 42 Fox River Res C 161

THE NORTHERN MINER / AUGUST 8 — 21, 2022

Week High

Low

Last Change

12-month High Low

0.10 0.00 0.10 + 0.02 0.26 0.08 0.07 0.07 0.07 unch 0.00 0.17 0.07 0.06 0.05 0.05 - 0.01 0.30 0.05 0.04 0.00 0.04 - 0.01 0.24 0.03 2.10 1.72 1.98 + 0.24 2.82 1.24 2.68 2.16 2.55 + 0.34 3.49 1.59 0.20 0.00 0.20 - 0.01 1.38 0.19 0.15 0.00 0.15 + 0.01 1.17 0.14 0.10 0.00 0.10 unch 0.00 0.22 0.09 0.00 0.00 0.10 unch 0.00 0.16 0.00 0.17 0.16 0.16 unch 0.00 0.19 0.14 0.22 0.17 0.20 + 0.05 0.45 0.16 0.18 0.00 0.17 - 0.03 0.45 0.14 0.24 0.20 0.23 + 0.02 0.37 0.17 0.19 0.16 0.19 + 0.03 0.28 0.13 0.08 0.00 0.06 - 0.01 0.10 0.04 0.06 0.05 0.05 + 0.00 0.09 0.03 0.10 0.09 0.10 + 0.02 0.20 0.08 0.04 0.04 0.04 unch 0.00 0.30 0.04 0.00 0.00 0.13 unch 0.00 0.22 0.10 0.07 0.06 0.06 + 0.00 0.90 0.01 0.09 0.07 0.08 - 0.01 0.23 0.05 0.09 0.09 0.09 unch 0.00 0.25 0.08 0.04 0.00 0.03 unch 0.00 0.04 0.02 0.03 0.03 0.03 unch 0.00 0.05 0.02 0.04 0.00 0.04 + 0.01 0.15 0.04 0.04 0.00 0.03 - 0.00 0.12 0.03 6.19 5.43 6.16 + 0.47 12.49 5.27 7.93 6.98 7.87 + 0.50 15.73 6.96 0.24 0.23 0.24 + 0.01 0.59 0.22 0.31 0.23 0.28 + 0.05 1.65 0.21 0.17 0.12 0.17 + 0.04 1.78 0.12 0.22 0.16 0.20 + 0.05 2.04 0.15 4.27 3.62 4.25 + 0.40 5.44 2.90 3.32 2.85 3.32 + 0.35 4.46 2.21 0.63 0.00 0.62 unch 0.00 0.88 0.49 0.48 0.42 0.48 + 0.03 0.70 0.42 1.18 0.84 1.15 + 0.25 4.14 0.84 0.93 0.66 0.89 + 0.18 3.35 0.66 0.21 0.00 0.20 + 0.00 0.21 0.11 0.26 0.25 0.25 - 0.01 0.65 0.14 0.45 0.40 0.45 + 0.02 0.94 0.38 0.34 0.32 0.34 + 0.02 1.00 0.31 0.35 0.31 0.31 - 0.01 1.00 0.22 0.47 0.42 0.45 unch 0.00 0.71 0.25 0.10 0.10 0.10 + 0.02 0.29 0.08 2.45 2.30 2.45 + 0.03 4.00 2.25 1.97 1.77 1.94 + 0.08 3.17 1.72 0.03 0.02 0.03 unch 0.00 0.21 0.02 1.47 1.13 1.36 + 0.24 2.27 0.97 25.31 23.70 25.26 + 0.71 35.94 23.70 3.70 3.00 3.64 + 0.47 5.95 2.89 4.73 3.85 4.68 + 0.56 7.49 3.77 0.37 0.34 0.34 - 0.03 0.44 0.15 0.50 0.00 0.44 - 0.03 0.57 0.19 0.19 0.17 0.19 + 0.02 0.32 0.15 0.14 0.13 0.14 + 0.01 0.25 0.13 8.69 6.74 8.59 + 1.69 14.33 5.56 6.79 5.23 6.71 + 1.37 11.39 4.32 0.02 0.00 0.02 unch 0.00 0.06 0.02 0.16 0.00 0.14 - 0.05 0.40 0.14 0.10 0.10 0.10 unch 0.00 0.52 0.01 0.62 0.60 0.62 + 0.01 0.95 0.55 0.80 0.77 0.80 + 0.01 1.19 0.71 6.14 5.01 5.72 + 0.44 11.46 4.89 4.80 3.89 4.46 + 0.38 9.07 3.75 0.08 0.06 0.07 + 0.01 0.14 0.04 0.10 0.07 0.10 + 0.02 0.18 0.06 0.32 0.29 0.30 - 0.01 0.50 0.25 0.24 0.23 0.23 - 0.01 0.41 0.20 0.05 0.05 0.05 - 0.00 0.11 0.03 0.07 0.06 0.06 unch 0.00 0.15 0.05 12.67 10.91 12.67 + 1.32 25.92 10.54 9.90 8.47 9.90 + 1.13 20.95 8.07 0.00 0.00 0.06 unch 0.00 0.10 0.06 0.08 0.00 0.07 - 0.01 0.14 0.08 0.08 0.00 0.07 - 0.01 0.14 0.08 1.78 1.34 1.65 + 0.21 2.93 1.22 2.29 1.70 2.11 + 0.26 3.55 1.56 0.03 0.00 0.02 - 0.01 0.17 0.03 0.30 0.23 0.26 + 0.00 0.57 0.14 0.33 0.00 0.31 - 0.02 1.80 0.30 0.07 0.07 0.07 - 0.01 0.32 0.06 0.05 0.05 0.05 unch 0.00 0.26 0.05 0.23 0.19 0.23 + 0.03 0.68 0.16 0.30 0.26 0.29 + 0.04 0.72 0.19 0.12 0.10 0.11 unch 0.00 0.44 0.10 0.10 0.06 0.08 - 0.01 0.37 0.06 0.07 0.00 0.06 unch 0.00 0.12 0.05 0.05 0.00 0.05 unch 0.00 0.14 0.04 0.06 0.00 0.06 unch 0.00 0.18 0.04 0.01 0.01 0.01 unch 0.00 0.11 0.01 0.07 0.06 0.07 - 0.01 0.22 0.07 0.05 0.03 0.05 - 0.01 0.33 0.01 0.03 0.02 0.02 unch 0.00 0.12 0.02 0.43 0.36 0.43 + 0.05 0.58 0.33 0.50 0.45 0.48 - 0.01 2.98 0.46 0.40 0.36 0.37 - 0.02 2.38 0.35 0.15 0.12 0.13 + 0.01 0.52 0.11 0.18 0.16 0.17 unch 0.00 0.66 0.16 0.07 0.00 0.07 unch 0.00 0.14 0.06 0.13 0.10 0.11 - 0.01 0.93 0.10 0.08 0.05 0.08 + 0.03 0.17 0.05 0.06 0.04 0.06 + 0.02 0.14 0.03 0.08 0.00 0.08 unch 0.00 0.20 0.08 0.22 0.20 0.20 - 0.01 0.44 0.19 0.17 0.00 0.17 + 0.00 0.36 0.11 0.09 0.08 0.09 unch 0.00 0.13 0.06 0.09 0.06 0.07 - 0.00 0.15 0.04 0.13 0.00 0.13 unch 0.00 0.16 0.09 0.15 0.00 0.14 unch 0.00 0.60 0.12 0.09 0.09 0.09 unch 0.00 0.37 0.09 0.13 0.11 0.12 - 0.02 0.32 0.10 0.16 0.00 0.14 - 0.02 0.40 0.13 0.10 0.00 0.07 - 0.03 0.11 0.05 18.22 15.16 18.08 + 2.86 27.37 7.81 14.21 11.88 14.16 + 2.40 21.10 6.07 0.09 0.00 0.09 + 0.01 0.20 0.06 0.12 0.10 0.11 - 0.01 0.35 0.08 0.16 0.14 0.14 - 0.01 0.37 0.10 0.00 0.00 0.10 unch 0.00 0.24 0.06 0.44 0.42 0.43 - 0.00 0.73 0.39 0.55 0.00 0.55 + 0.02 0.91 0.50 5.50 3.87 5.00 + 1.15 7.65 3.27 0.11 0.00 0.10 + 0.02 0.39 0.07 0.08 0.00 0.07 - 0.01 0.32 0.06 0.00 0.00 0.10 unch 0.00 0.10 0.09 7.72 6.31 7.66 + 1.01 14.67 6.31 9.89 8.12 9.81 + 1.22 18.41 8.12 0.26 0.23 0.25 + 0.01 0.40 0.20 0.21 0.16 0.20 + 0.01 0.33 0.15 0.43 0.35 0.37 - 0.04 0.75 0.05 23.48 18.80 23.40 + 3.51 45.38 18.68 0.12 0.11 0.12 unch 0.00 0.71 0.05 0.09 0.09 0.09 - 0.01 1.00 0.02 0.11 0.07 0.10 + 0.02 0.30 0.07 0.08 0.06 0.08 + 0.02 0.24 0.05 0.59 0.48 0.58 + 0.10 1.00 0.35 0.76 0.62 0.75 + 0.13 1.25 0.45 0.03 0.00 0.03 - 0.01 0.07 0.03 0.03 0.02 0.02 - 0.01 0.05 0.02 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.08 0.00 0.06 unch 0.00 0.14 0.05 0.11 0.00 0.11 - 0.04 0.55 0.10 0.17 0.00 0.16 - 0.01 0.23 0.15 0.24 0.20 0.22 + 0.01 1.20 0.20 0.09 0.07 0.09 + 0.02 0.18 0.05 1.81 1.58 1.81 + 0.18 2.42 1.45 2.35 2.02 2.26 + 0.18 3.09 1.85 0.15 0.13 0.14 unch 0.00 0.44 0.10 0.11 0.10 0.11 - 0.00 0.42 0.07 0.83 0.65 0.76 + 0.09 1.30 0.39 0.06 0.00 0.04 - 0.02 0.50 0.06 13.02 12.37 12.78 + 0.49 19.55 10.25 3.71 3.09 3.67 + 0.37 6.95 3.09 2.89 2.41 2.85 + 0.31 5.52 2.41 0.38 0.00 0.35 - 0.07 0.85 0.34 0.32 0.00 0.28 + 0.01 0.68 0.00 0.08 0.07 0.07 - 0.00 0.13 0.06 0.10 0.09 0.10 unch 0.00 0.16 0.09 0.07 0.00 0.07 unch 0.00 0.56 0.05 0.13 0.10 0.12 + 0.02 0.47 0.07 0.17 0.13 0.16 + 0.01 0.56 0.10 0.40 0.00 0.39 + 0.07 1.67 0.29 0.00 0.00 0.25 unch 0.00 0.55 0.25 0.51 0.43 0.51 + 0.02 0.79 0.43 0.23 0.20 0.23 - 0.01 0.82 0.20

(100s) Stock

Exc Volume

FPX Nickel V 261 Franco-Nevada* N 3303 Franco-Nevada T 2199 Franklin Mng* O 669 Fredonia Mg V 105 Freegold Vent T 1619 Freeman Gold* O 456 Freeport McMoR* N 92083 Freeport Res V 375 Fremont Gold V 45 Fresnillo plc* O 29 Frontier Lith V 1251 Frontline Gold V 12 Full Metal Mnl* O 31 Full Metal Mnl V 44 Fury Gold T 158 Fury Gold* X 488 Fuse Cobalt* O 405 Fuse Cobalt V 204

Week High

Low

12-month

Last Change

High Low

0.53 0.46 0.48 - 0.05 0.96 0.42 129.79 122.38 127.98 + 3.27 169.32 122.38 166.27 157.31 163.97 + 2.98 216.32 157.31 0.01 0.01 0.01 + 0.00 0.04 0.01 0.15 0.00 0.10 - 0.05 0.37 0.10 0.57 0.43 0.50 + 0.06 0.68 0.28 0.28 0.23 0.25 - 0.02 0.47 0.23 31.73 27.76 31.55 + 3.79 51.99 24.80 0.05 0.00 0.04 - 0.01 0.22 0.04 0.13 0.00 0.12 - 0.02 0.35 0.11 9.12 7.59 8.78 + 0.90 13.38 7.50 2.30 1.86 2.21 + 0.21 3.89 0.73 0.02 0.00 0.02 + 0.01 0.04 0.01 0.05 0.02 0.02 + 0.00 0.24 0.02 0.07 0.00 0.07 unch 0.00 0.23 0.07 0.66 0.52 0.61 + 0.06 1.31 0.52 0.55 0.40 0.47 + 0.05 1.04 0.40 0.05 0.04 0.04 - 0.00 0.09 0.03 0.07 0.00 0.05 - 0.01 0.11 0.04

G-H G2 Goldfields* O G2 Goldfields V Gabriel Res V Gabriel Res* O Galane Gold * O Galane Gold V Galantas Gold V Galantas Gold* O Galiano Gold T Galiano Gold* X Galleon Gold V Galore Res V Galway Gold V Galway Mtls* O Galway Mtls V Gambier Gold* O Gambier Gold V Garibaldi Res * O Garibaldi Res V Gatos Silver T Gatos Silver* N GCM Mining T GCM Mining* O General Gold C Generation Min T Generation Min* O Generic Gold C Genesis Mtls V Genesis Mtls* O Gensource Pot V Gentor Res V Geomega Res V Geomega Res* O Getchell Gold C Getchell Gold * O Getty Copper V GFG Resources V GFG Resources* O GFM Res V GGL Res V GGX Gold V GGX Gold* O Giga Metals V Giga Metals* O Gitennes Expl V Giyani Gold V Giyani Gold* O GK Resources V Glacier Lake V Gladiator Met V Glen Eagle Res* O Glen Eagle Res V Glencore Plc * O Glencore Plc* O Global Atomic T Global Atomic* O Global Battery V Global Battery* O Global Energy* O Global Energy V Global Li-Ion C Global Li-Ion* O GlobalMin Vent* O Globex Mng T Globex Mng* O GMV Minerals V GMV Minerals* O Go Cobalt C Go Cobalt* O GobiMin V GoGold Res T Golcap Res C Gold Basin Res* O Gold Bull Res* O Gold Bull Res V Gold Fields* O Gold Fields* N Gold Finder Ex* O Gold Finder Ex V Gold Hunter Rs C Gold Line Res V Gold Lion Res* O Gold Lion Res C Gold Mountain* O Gold Mountain T Gold Port C Gold Reserve V Gold Reserve* O Gold Resource* X Gold Royalty* X Gold State Res* O Gold State Res V Gold Std Vents T Gold Std Vents* X Gold’n Futures C Gold79 Mines V Gold79 Mines* O Goldbank Mng V Goldcliff Res* O Goldcliff Res V Golden Arrow* O Golden Arrow V Golden Dawn Ml* O Golden Dawn Ml V Golden Goliath* O Golden Goliath V Golden Harp* O Golden Harp V Golden Hope V Golden Hope* O Golden Indepen C Golden Indepe* O Golden Lake C Golden Mnls T Golden Mnls* X Golden Pursuit* O Golden Pursuit V Golden Ridge V Golden Secret V Golden Share V Golden Spike C Golden Star* O Golden Tag V Golden Tag* O Goldex Res* O Goldex Res V Goldflare Expl V Goldgroup Mng T Goldgroup Mng* O GoldHaven Res* O Goldhills Hldg V Goldhills Hldg* O GoldMining T GoldON Res V GoldON Res* O Goldplay Min V GoldQuest Mng V Goldrea Res C Goldrea Res* O Goldrich Mng* O Goldseek Res C Goldseek Res* O Goldshore Res* O Goldshore Res V Goldsource Min* O

24 253 876 59 440 416 114 254 12 1406 151 108 0 56 189 81 147 4 120 56 1846 2018 330 27 252 79 223 913 47 978 0 215 14 749 1132 2 1056 634 0 126 749 33 231 577 40 348 122 0 0 0 100 261 91 3370 1132 449 178 90 75 43 65 4 1 337 93 215 283 20 1 31 1519 22 5 290 470 8 33731 46 551 113 103 70 427 485 1491 0 60 298 3739 1466 25 355 543 1804 104 688 14 0 1835 1863 52 39 189 1536 51 1023 0 0 228 8 39 19 406 40 1405 66 62 121 93 32 120 3 455 483 53 71 138 1131 111 197 0 2 566 296 26 47 85 149 1 604 27 25 142 278 32

0.55 0.72 0.24 0.19 0.07 0.08 0.51 0.40 0.55 0.44 0.38 0.02 0.00 0.33 0.43 0.03 0.03 0.33 0.43 4.86 3.79 3.82 2.96 0.14 0.65 0.51 0.17 0.09 0.06 0.19 0.00 0.25 0.18 0.72 0.56 0.04 0.14 0.11 0.00 0.10 0.08 0.05 0.30 0.24 0.02 0.35 0.51 0.00 0.00 0.00 0.03 0.05 5.69 11.26 3.48 2.70 0.10 0.08 0.09 0.11 0.06 0.04 0.04 0.94 0.72 0.12 0.09 0.10 0.14 0.85 2.26 0.10 0.13 0.07 0.09 8.90 9.54 0.03 0.03 0.34 0.21 0.04 0.06 0.30 0.39 0.00 1.12 0.88 1.85 2.78 0.04 0.02 0.47 0.36 0.04 0.03 0.02 0.00 0.09 0.11 0.11 0.14 0.05 0.06 0.03 0.03 0.00 0.00 0.07 0.05 0.05 0.04 0.12 0.41 0.33 0.12 0.17 0.15 3.98 0.08 0.25 2.23 0.23 0.18 0.06 0.07 0.04 0.02 0.02 0.10 0.00 0.13 1.30 0.12 0.10 0.06 0.23 0.03 0.02 0.04 0.05 0.03 0.25 0.34 0.38

0.52 0.65 0.21 0.16 0.06 0.08 0.46 0.34 0.00 0.38 0.32 0.00 0.00 0.30 0.38 0.01 0.00 0.00 0.36 3.63 2.81 3.47 2.69 0.00 0.56 0.46 0.14 0.08 0.06 0.16 0.00 0.22 0.17 0.38 0.30 0.00 0.11 0.08 0.00 0.00 0.00 0.05 0.26 0.20 0.00 0.30 0.24 0.00 0.00 0.00 0.03 0.04 5.03 10.30 2.90 2.28 0.09 0.06 0.08 0.00 0.00 0.04 0.04 0.86 0.67 0.00 0.05 0.09 0.14 0.83 1.72 0.10 0.00 0.05 0.07 8.90 8.50 0.02 0.00 0.00 0.18 0.04 0.05 0.21 0.27 0.00 0.00 0.83 1.53 2.41 0.00 0.01 0.39 0.31 0.03 0.02 0.02 0.00 0.03 0.00 0.10 0.00 0.04 0.00 0.02 0.02 0.00 0.00 0.06 0.05 0.00 0.03 0.09 0.00 0.29 0.12 0.00 0.00 3.70 0.08 0.20 1.95 0.17 0.12 0.04 0.06 0.00 0.02 0.01 0.07 0.00 0.12 1.11 0.00 0.10 0.00 0.00 0.02 0.02 0.03 0.00 0.00 0.17 0.22 0.32

0.55 0.70 unch 0.21 0.17 0.06 0.08 unch 0.50 + 0.40 + 0.54 + 0.42 + 0.36 + 0.02 + 0.12 unch 0.32 + 0.41 + 0.01 0.03 unch 0.32 + 0.43 + 4.76 + 3.72 + 3.72 + 2.88 + 0.14 + 0.64 + 0.50 + 0.14 0.09 unch 0.06 unch 0.18 0.07 unch 0.23 + 0.18 + 0.40 0.33 0.04 + 0.13 + 0.11 + 0.07 unch 0.07 0.08 unch 0.05 unch 0.27 0.22 + 0.02 unch 0.30 0.24 0.15 unch 0.17 unch 0.12 unch 0.03 unch 0.04 + 5.66 + 11.25 + 3.45 + 2.70 + 0.10 + 0.08 0.08 0.10 unch 0.06 + 0.04 + 0.04 unch 0.92 unch 0.72 + 0.12 + 0.09 + 0.09 0.14 + 0.84 + 2.14 + 0.10 unch 0.11 0.06 + 0.07 unch 8.90 + 9.20 + 0.03 + 0.02 unch 0.33 0.21 + 0.04 0.05 + 0.30 + 0.39 + 0.08 unch 1.12 + 0.87 + 1.76 + 2.64 + 0.04 unch 0.02 unch 0.45 + 0.34 + 0.03 0.03 unch 0.02 + 0.07 unch 0.04 0.05 0.10 + 0.14 unch 0.04 0.06 unch 0.02 0.03 0.11 unch 0.15 unch 0.07 unch 0.05 unch 0.05 + 0.03 unch 0.10 0.40 + 0.31 + 0.12 unch 0.16 0.15 3.70 0.08 unch 0.24 + 1.95 unch 0.22 + 0.18 + 0.04 0.06 0.04 unch 0.02 unch 0.01 0.08 + 0.16 unch 0.12 1.28 + 0.11 0.10 0.05 0.23 + 0.03 unch 0.02 unch 0.03 unch 0.05 unch 0.03 unch 0.22 0.27 0.38 +

0.01 0.00 0.02 0.02 0.00 0.00 0.04 0.04 0.03 0.03 0.06 0.01 0.00 0.02 0.01 0.02 0.00 0.02 0.05 0.94 0.75 0.32 0.24 0.02 0.04 0.04 0.04 0.00 0.00 0.01 0.00 0.02 0.02 0.26 0.19 0.01 0.03 0.02 0.00 0.03 0.00 0.00 0.01 0.00 0.00 0.02 0.02 0.00 0.00 0.00 0.00 0.01 0.56 1.32 0.54 0.45 0.01 0.00 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.05 0.03 0.02 0.06 0.03 0.29 0.00 0.01 0.01 0.00 0.24 0.30 0.01 0.00 0.07 0.04 0.00 0.01 0.03 0.04 0.00 0.13 0.05 0.20 0.11 0.00 0.00 0.05 0.02 0.02 0.00 0.00 0.00 0.04 0.06 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.02 0.01 0.00 0.02 0.01 0.29 0.00 0.02 0.00 0.06 0.05 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.02 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.05 0.06 0.05

0.65 0.83 0.30 0.24 0.16 0.20 0.80 0.65 1.29 1.04 0.95 0.03 0.20 0.67 0.84 0.16 0.18 0.53 0.65 19.06 15.25 6.13 4.93 0.45 1.11 0.89 0.45 0.19 0.14 0.48 0.14 0.35 0.28 0.81 0.63 0.09 0.22 0.18 0.15 0.18 0.21 0.17 0.60 0.49 0.09 0.61 0.56 0.25 0.40 0.44 0.13 0.18 7.00 14.00 5.10 4.07 0.35 0.28 0.25 0.31 0.10 0.08 0.30 1.69 1.34 0.44 0.35 0.45 0.26 0.96 3.79 1.26 0.39 0.26 0.34 16.97 17.20 0.12 0.16 0.50 2.70 0.13 0.18 1.90 2.25 0.14 2.18 1.79 2.63 5.65 0.17 0.20 0.71 0.57 0.15 0.08 0.07 0.18 0.14 0.18 0.16 0.21 0.24 0.31 0.07 0.07 0.40 0.20 0.34 0.26 0.25 0.20 0.28 0.81 0.63 0.12 0.19 0.28 5.30 0.18 0.49 2.99 0.38 0.30 0.56 0.10 0.20 0.08 0.06 0.45 0.31 0.20 2.59 0.28 0.64 0.18 0.36 0.05 0.04 0.10 0.20 0.16 1.75 0.79 0.84

0.32 0.39 0.17 0.12 0.06 0.07 0.34 0.26 0.48 0.36 0.29 0.02 0.10 0.26 0.37 0.01 0.02 0.05 0.21 3.14 2.40 3.13 2.39 0.13 0.51 0.39 0.14 0.08 0.06 0.16 0.06 0.17 0.14 0.37 0.28 0.03 0.10 0.08 0.07 0.08 0.06 0.05 0.26 0.19 0.02 0.28 0.18 0.15 0.11 0.11 0.03 0.03 4.16 8.27 2.32 1.81 0.09 0.06 0.07 0.10 0.05 0.01 0.01 0.86 0.67 0.07 0.05 0.08 0.01 0.19 1.63 0.10 0.11 0.05 0.07 8.22 7.75 0.02 0.02 0.20 0.16 0.03 0.04 0.21 0.27 0.08 0.80 0.61 1.50 2.15 0.02 0.01 0.36 0.27 0.02 0.02 0.02 0.07 0.05 0.07 0.10 0.13 0.04 0.04 0.01 0.02 0.11 0.14 0.04 0.03 0.04 0.03 0.08 0.38 0.29 0.09 0.09 0.10 2.70 0.07 0.18 0.70 0.12 0.09 0.00 0.06 0.04 0.02 0.01 0.05 0.12 0.10 1.11 0.09 0.02 0.05 0.11 0.02 0.01 0.03 0.04 0.03 0.17 0.22 0.29

(100s) Stock

Exc Volume

Week

12-month

High

Low

Last Change

Goldsource Min V 50 Goldstar Mnls V 58 Goliath Res* O 223 Goliath Res V 393 Gossan Res V 22 GoviEx Uranium* O 605 GoviEx Uranium V 3142 Gowest Gold* O 0 Gowest Gold V 27 GPM Metals V 18 GR Silver* O 254 GR Silver V 571 Granada Gold* O 71 Granada Gold V 1405 Grande Portage* O 262 Grande Portage V 203 Granite Creek V 463 Granite Creek* O 72 Graphano Egy V 8 Graphite One V 121 Graphite One* O 162 Gratomic* O 72 Gratomic V 1372 Graycliff Exp C 386 Great Atlantic V 640 Great Panther T 281 Great Panther* X 3566 Great Quest Fe V 202 Green Battery V 287 Green River* O 26 Green River C 167 Green Swan Cap V 132 Green Valley M V 10 Greencastle Rs V 257 Greenhawk Res C 0 Greenland M&En* O 373 Greenland Res 31 Greenshield Ex V 0 Grid Metals V 903 Grid Metals* O 55 Grizzly Discvr* O 821 Grizzly Discvr V 494 Grosvenor Res V 0 Group Eleven V 172 Group Ten Mtls* O 719 Group Ten Mtls V 612 GSP Resource V 0 Guanajuato Sil V 1824 Guanajuato Sil* O 819 Guardian Exp V 0 Gungnir Res* O 73 Gungnir Res V 526 Gunpoint Expl V 0 Guyana Goldstr V 0 Hanna Capital V 0 Hannan Metals V 32 Hannan Metals* O 178 Hanstone Gold V 10 Happy Ck Mnrls V 2 Harfang Explor V 133 Harfang Explor* O 13 Harmony Gold* N 20861 Harvest Gold V 216 Hawkeye Gld&Di* O 30 Hawkeye Gld&Di V 32 Hawkmoon Res C 317 Headwater Gold C 158 Headwater Gold* O 116 Hecla Mining* N 40408 Heliostar Met* O 101 Heliostar Met V 105 Hemlo Expl* O 10 Hemlo Expl V 15 HFX Holding V 0 Highbank Res V 11 Highbury Proj V 0 HighGold V 177 HighGold* O 166 Highland Copp V 63 Highland Copp* O 136 Highway 50 Gld V 1 Highwood Asset V 0 Hochschild Mg* O 149 Homerun Res V 113 Honey Badger V 1793 Honey Badger* O 246 Horizonte Mnls T 25 Horizonte Mnls* O 17 HudBay Min* N 7585 HudBay Min T 5354 Hudson Res* O 50 Hudson Res V 213 Hunt Mng* O 0 Hunt Mng V 69 Hylands Intl V 0 i-80 Gold T 1510

0.49 0.06 0.88 1.12 0.10 0.24 0.32 0.00 0.11 0.08 0.12 0.15 0.03 0.04 0.30 0.39 0.09 0.06 0.21 1.39 1.09 0.23 0.30 0.19 0.10 1.44 1.12 0.03 0.06 0.06 0.07 0.04 0.08 0.09 0.00 0.05 0.55 0.00 0.16 0.12 0.08 0.10 0.00 0.09 0.19 0.24 0.00 0.39 0.30 0.00 0.08 0.12 0.00 0.00 0.00 0.25 0.20 0.15 0.05 0.29 0.19 3.34 0.05 0.01 0.02 0.04 0.15 0.13 4.59 0.20 0.25 0.08 0.13 0.00 0.05 0.00 0.89 0.70 0.10 0.08 0.18 10.00 1.02 0.10 0.05 0.04 1.82 1.43 3.87 4.95 0.04 0.05 0.00 0.03 0.00 2.47

0.00 0.00 0.70 0.90 0.00 0.19 0.25 0.00 0.09 0.00 0.09 0.13 0.02 0.03 0.26 0.33 0.07 0.06 0.00 1.32 0.95 0.20 0.25 0.00 0.08 1.06 0.82 0.00 0.05 0.04 0.00 0.00 0.00 0.08 0.00 0.03 0.00 0.00 0.12 0.10 0.07 0.09 0.00 0.08 0.16 0.21 0.00 0.30 0.23 0.00 0.00 0.10 0.00 0.00 0.00 0.00 0.16 0.00 0.00 0.00 0.19 2.97 0.00 0.01 0.00 0.03 0.13 0.00 3.79 0.18 0.23 0.08 0.00 0.00 0.00 0.00 0.69 0.50 0.10 0.07 0.00 0.00 0.87 0.06 0.04 0.03 1.70 1.34 3.23 4.16 0.03 0.00 0.00 0.00 0.00 2.07

I-Minerals V 78 I-Minerals* O 60 IAMGOLD T 7595 IAMGOLD* N 31177 Icon Explor* O 50 Iconic Mnls * O 176 Iconic Mnls V 510 Idaho Champion C 283 Idaho Champion* O 352 IEMR Res V 0 iMetal Res V 48 iMetal Res* O 0 IMPACT Silver V 812 Impala Platnm* O 0 Imperial Metal T 162 Imperial Metal* O 8 Imperial Mg Gr* O 1315 Imperial Mg Gr V 1342 Inca One Gold* O 32 Inca One Gold V 109 Inception Mng * O 16716 Independence G V 642 Independence G* O 365 Indigo Expl V 292 Infield Min V 13 Infinite Ore V 202 Infinite Ore* O 51 Inflection Res C 886 Inomin Mines V 112 Intact Gold V 0 Integra Res V 713 Integra Res* X 521 Inter-Rock Mnl V 0 Interconnect V 25 Interra Copper C 68 Intl Battery C 69 Intl Bethl Mng V 0 Intl Iconic* O 18 Intl Iconic V 102 Intl Lithium V 121 Intl Lithium* O 443 Intl Prospect V 0 Intl Prospect * O 0 Intl Star* O 57937 Intl Tower Hil* X 460 Intl Tower Hil T 14 Intl Zeolite* O 3 Intl Zeolite V 6 Intrepid Pots* N 1264 Inventus Mg * O 225 Inventus Mg V 51 InZinc Mining V 55 Ion Energy V 88 Ion Energy* O 27 Irving Res C 63 Irving Res* O 111 IsoEnergy Ltd V 584 Itafos* O 57 Itafos V 380 Itoco Inc* O 458 Ivanhoe Mines* O 405 Ivanhoe Mines T 6796 Ivor Explor C 730 Jade Leader V 0 Jaeger Res * O 0 Jaeger Res V 5 Jaguar Mng T 215 Jaguar Mng* O 39

0.02 0.00 0.02 unch 0.00 0.04 0.02 0.01 0.01 0.01 unch 0.00 0.03 0.01 2.14 1.72 2.11 + 0.28 4.74 1.72 1.68 1.34 1.66 + 0.23 3.77 1.31 0.01 0.01 0.01 unch 0.00 0.07 0.01 0.11 0.08 0.10 - 0.01 0.23 0.07 0.13 0.00 0.11 - 0.02 0.28 0.09 0.06 0.05 0.05 - 0.01 0.15 0.03 0.04 0.03 0.04 - 0.01 0.11 0.03 0.00 0.00 0.02 unch 0.00 0.04 0.02 0.15 0.00 0.15 - 0.01 0.53 0.14 0.00 0.00 0.12 unch 0.00 0.46 0.10 0.38 0.29 0.38 + 0.07 0.69 0.25 10.97 0.00 10.97 + 1.82 18.65 9.00 3.41 2.46 2.77 + 0.02 4.75 2.20 2.24 1.97 2.08 - 0.03 3.80 1.82 0.06 0.05 0.06 - 0.00 0.16 0.05 0.08 0.06 0.08 unch 0.00 0.19 0.06 0.19 0.15 0.17 - 0.00 0.42 0.13 0.24 0.21 0.21 - 0.01 0.45 0.21 0.00 0.00 0.00 - 0.00 0.02 0.00 0.06 0.05 0.06 + 0.01 0.13 0.05 0.04 0.04 0.04 - 0.00 0.11 0.03 0.03 0.00 0.02 - 0.01 0.10 0.02 0.05 0.00 0.05 + 0.01 0.15 0.04 0.09 0.00 0.09 unch 0.00 0.28 0.06 0.07 0.00 0.07 - 0.01 0.21 0.04 0.14 0.12 0.14 + 0.02 0.31 0.08 0.08 0.07 0.07 - 0.01 0.72 0.07 0.00 0.00 0.05 unch 0.00 0.08 0.03 0.95 0.86 0.87 + 0.03 3.86 0.82 0.75 0.65 0.68 + 0.02 3.19 0.64 0.00 0.00 0.48 unch 0.00 0.65 0.42 0.08 0.00 0.08 unch 0.00 0.10 0.08 0.63 0.40 0.40 - 0.18 2.70 0.32 3.32 2.91 3.08 + 0.05 7.52 0.51 0.00 0.00 0.04 unch 0.00 0.09 0.02 0.02 0.01 0.02 + 0.01 0.13 0.01 0.03 0.00 0.03 unch 0.00 0.16 0.02 0.09 0.08 0.08 - 0.01 0.15 0.05 0.08 0.06 0.07 + 0.00 0.12 0.04 0.00 0.00 0.07 unch 0.00 0.25 0.05 0.00 0.00 0.06 unch 0.00 0.36 0.04 0.01 0.00 0.00 - 0.00 0.02 0.00 0.64 0.53 0.63 + 0.06 1.23 0.46 0.81 0.71 0.81 + 0.09 1.56 0.58 0.14 0.13 0.13 + 0.00 0.19 0.08 0.18 0.00 0.17 - 0.01 0.28 0.10 45.69 40.88 45.60 + 5.28 121.72 27.87 0.07 0.06 0.06 unch 0.00 0.16 0.05 0.12 0.00 0.12 + 0.02 0.22 0.08 0.06 0.00 0.06 + 0.01 0.09 0.03 0.33 0.27 0.27 - 0.06 0.59 0.16 0.27 0.20 0.20 - 0.05 0.58 0.12 1.12 1.00 1.10 + 0.06 1.84 0.92 0.88 0.76 0.86 + 0.07 1.44 0.70 3.50 3.01 3.26 + 0.25 6.61 1.99 1.34 1.25 1.27 - 0.03 3.13 0.88 1.82 1.61 1.68 + 0.03 3.94 1.05 0.13 0.08 0.13 + 0.03 0.35 0.07 6.27 5.22 6.21 + 0.91 10.32 4.90 8.03 6.73 7.96 + 1.10 13.15 6.41 0.76 0.69 0.75 + 0.04 1.90 0.32 0.00 0.00 0.05 unch 0.00 0.11 0.04 0.01 0.01 0.01 unch 0.00 0.03 0.01 0.02 0.00 0.02 unch 0.00 0.04 0.02 3.40 2.94 3.34 + 0.27 5.97 2.54 2.64 2.29 2.61 + 0.25 4.72 1.96

0.48 + 0.05 0.87 + 1.11 + 0.10 0.23 + 0.30 + 0.06 unch 0.10 0.08 unch 0.11 + 0.14 + 0.02 0.04 unch 0.29 + 0.38 + 0.08 + 0.06 0.21 1.39 unch 1.09 + 0.23 + 0.30 + 0.19 + 0.08 1.22 0.96 0.02 0.06 unch 0.06 0.07 unch 0.04 unch 0.08 unch 0.09 + 0.12 unch 0.04 + 0.54 + 1.95 unch 0.15 + 0.12 + 0.08 + 0.10 + 0.11 unch 0.09 + 0.18 + 0.24 + 0.09 unch 0.38 + 0.30 + 0.05 unch 0.08 + 0.11 + 0.63 unch 0.13 unch 0.02 unch 0.25 + 0.18 + 0.15 unch 0.05 + 0.29 + 0.19 unch 3.27 + 0.04 0.01 unch 0.02 unch 0.03 unch 0.14 + 0.10 + 4.53 + 0.19 unch 0.24 0.08 unch 0.10 0.04 unch 0.05 unch 0.35 unch 0.89 + 0.69 + 0.10 + 0.08 + 0.18 10.00 + 1.02 + 0.07 0.05 + 0.04 + 1.74 + 1.39 3.85 + 4.93 + 0.04 + 0.05 + 0.02 unch 0.03 + 0.02 unch 2.43 +

0.01 0.01 0.15 0.18 0.04 0.02 0.04 0.00 0.02 0.00 0.01 0.01 0.00 0.00 0.04 0.06 0.01 0.00 0.02 0.00 0.03 0.03 0.04 0.01 0.01 0.28 0.10 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00 0.03 0.02 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.06 0.04 0.00 0.01 0.01 0.00 0.00 0.00 0.04 0.02 0.00 0.01 0.05 0.00 0.16 0.01 0.00 0.00 0.00 0.01 0.00 0.71 0.00 0.01 0.00 0.03 0.00 0.00 0.00 0.14 0.13 0.01 0.00 0.02 0.30 0.06 0.02 0.01 0.01 0.01 0.06 0.49 0.56 0.01 0.01 0.00 0.01 0.00 0.23

(100s)

High Low

Stock

1.05 0.12 1.31 1.62 0.29 0.47 0.59 0.19 0.24 0.15 0.42 0.51 0.11 0.13 0.56 0.69 0.23 0.19 1.20 2.54 2.00 1.24 1.54 0.65 0.54 8.00 6.30 0.14 0.21 0.08 0.10 0.08 0.95 0.16 0.29 0.11 1.02 1.98 0.23 0.18 0.09 0.11 0.17 0.18 0.39 0.48 0.30 0.72 0.56 0.14 0.25 0.32 0.68 0.13 0.06 0.38 0.30 0.42 0.08 0.86 0.21 5.50 0.23 0.02 0.03 0.15 0.30 0.26 7.66 0.92 1.11 0.30 0.38 0.07 0.15 0.35 2.08 1.65 0.17 0.13 0.38 16.00 2.40 0.21 0.10 0.09 2.33 1.91 8.75 11.17 0.12 0.15 0.08 0.08 0.04 4.03

Japan Gold Japan Gold* Jasper Mining Jaxon Mining Jayden Res Jayden Res* Jazz Res Jervois Mining Jervois Mining* Joshua Gold* Jourdan Res Jubilee Gold Jubilee Metals* Juggernaut Exp Juggernaut Exp* K2 Gold K9 Gold* K92 Mining K92 Mining* Kainantu Res Kaizen Discov Kalo Gold Kanadario Gold Karam Min Karnalyte Res Karoo Expl Karora Res* KAT Expl* Kenadyr Metals* Kenadyr Metals Kenorland Min Kermode Res Kesselrun Res Kesselrun Res* Kestrel Gold KGL Resources Kincora Copper* Kincora Copper King Global* King Global Kingfisher Met* Kingfisher Met Kingman Min Kingman Min* Kings Bay Res Kingsmen Res Kinross Gold Kinross Gold* Kintavar Exp Kiplin Metals Kiplin Metals* Klondike Gold* Klondike Gold Klondike Silv* Klondike Silv Kodiak Copper* Kombat Copper* Kombat Copper Kootenay Silvr* Kootenay Silvr Kootenay Zinc Kore Mining Kore Mining * Kutcho Copper * Kuya Silver Kuya Silver* KWG Res KWG Res*

La Imperial Labrador Gold* Labrador Gold Labrador IMH* Labrador IOR* Labrador IOR Lake Resources* Lara Expl Laramide Res Laredo Res* Largo Res Largo Res* Latin Metals Laurion Mnl Ex Laurion Mnl Ex* Leading Edge Leading Edge* Leeta Gold Legion Metals Leocor Gold* Leocor Gold Leopard Lake Leviathan Gold Leviathan Gold* Li-Metal Libero Copper* Libero Copper Liberty Gold* Lido Minerals Lightspeed Dis Lincoln Mng Lion One Mtls Lion One Mtls* Lithium Amer Lithium Amer* Lithium Chile Lithium Chile* Lithium Corp* Lithium Energi* Lithium Energi Lithium South* Lithoquest Res* Lithoquest Res Lode-Star Mg* Logan Res Lomiko Mtls Lomiko Mtls* Loncor Res* Loncor Res Lone Star Gold* Los Andes Los Andes* Lucara Diam Lucky Min Lucky Min* Luckystrike * Luckystrike Lumina Gold* Lumina Gold Luminex Res Lundin Gold Lundin Mng* Lundin Mng Lupaka Gold Lynas Corp* Lynas Corp*

0.38 0.04 0.49 0.62 0.07 0.15 0.19 0.01 0.08 0.08 0.08 0.11 0.02 0.03 0.14 0.19 0.07 0.05 0.20 0.89 0.70 0.19 0.24 0.17 0.08 1.06 0.82 0.02 0.05 0.02 0.03 0.04 0.07 0.07 0.06 0.03 0.30 0.37 0.09 0.07 0.02 0.03 0.11 0.07 0.16 0.20 0.07 0.27 0.20 0.05 0.03 0.05 0.50 0.13 0.02 0.16 0.12 0.10 0.03 0.23 0.19 2.92 0.04 0.01 0.01 0.02 0.11 0.09 3.44 0.15 0.20 0.08 0.10 0.03 0.04 0.20 0.64 0.48 0.08 0.06 0.18 8.50 0.86 0.04 0.04 0.03 0.10 1.20 3.08 4.07 0.02 0.03 0.02 0.03 0.02 1.97

I-J-K

Exc Volume

Week

21

12-month

High

Low

Last Change

High Low

V 262 O 447 V 4 V 25 V 767 O 28 V 42 V 599 O 1885 O 226 V 1943 V 2 O 180 V 123 O 15 V 32 O 45 T 3167 O 177 V 141 V 10 V 66 V 97 C 119 T 122 V 1 O 575 O 16488 O 1 V 20 V 89 V 489 V 176 O 8 V 186 V 0 O 3 V 12 O 115 V 269 O 16 V 421 V 315 O 39 V 301 V 0 T 27186 N 118332 V 68 V 154 O 2 O 551 V 576 O 302 V 256 O 147 O 229 V 1084 O 818 V 1859 C 5 V 195 O 100 O 135 C 494 O 350 C 7542 O 1164

0.24 0.18 0.20 0.03 0.27 0.19 0.90 0.38 0.32 0.01 0.09 0.49 0.18 0.17 0.13 0.17 0.09 8.20 6.39 0.14 0.21 0.08 0.81 0.13 0.38 0.00 2.67 0.00 0.02 0.06 0.78 0.02 0.04 0.04 0.07 0.00 0.05 0.07 0.03 0.04 0.20 0.24 0.01 0.01 0.19 0.00 4.43 3.46 0.07 0.68 0.54 0.09 0.13 0.05 0.06 0.87 0.15 0.19 0.11 0.14 0.02 0.19 0.14 0.30 0.60 0.47 0.05 0.04

0.21 0.17 0.00 0.00 0.00 0.19 0.00 0.31 0.25 0.00 0.08 0.00 0.17 0.16 0.13 0.00 0.08 7.10 5.57 0.12 0.00 0.07 0.75 0.00 0.35 0.00 2.10 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.00 0.05 0.00 0.02 0.00 0.17 0.00 0.00 0.01 0.14 0.00 3.97 3.08 0.00 0.00 0.48 0.09 0.11 0.04 0.00 0.77 0.14 0.17 0.07 0.11 0.02 0.15 0.12 0.24 0.43 0.33 0.04 0.04

0.24 + 0.18 + 0.20 + 0.03 unch 0.27 + 0.19 + 0.90 + 0.38 0.29 0.01 0.09 + 0.49 0.17 unch 0.17 0.13 + 0.17 + 0.09 + 7.99 + 6.25 + 0.14 + 0.21 + 0.07 0.77 0.12 + 0.37 + 0.28 unch 2.63 + 0.00 0.01 0.06 0.76 + 0.02 + 0.04 unch 0.04 unch 0.07 + 0.16 unch 0.05 unch 0.06 + 0.02 0.03 0.18 + 0.22 unch 0.01 unch 0.01 unch 0.18 + 0.07 unch 4.39 + 3.41 + 0.07 unch 0.63 0.48 0.09 0.12 0.05 + 0.06 + 0.80 0.14 0.17 0.11 + 0.14 + 0.02 unch 0.18 + 0.13 0.28 + 0.60 + 0.47 + 0.05 + 0.04 +

0.41 0.32 0.20 0.09 0.65 0.49 0.99 0.95 0.77 0.06 0.10 0.87 0.28 0.27 0.21 0.34 0.35 10.52 8.33 0.30 0.80 0.31 1.16 0.75 1.35 1.95 6.25 0.01 0.32 0.25 0.88 0.06 0.17 0.13 0.13 0.20 0.56 0.22 0.07 0.08 2.38 0.65 0.09 0.07 0.19 0.19 8.94 7.13 0.24 1.10 2.40 0.21 0.27 0.12 0.08 1.56 0.48 0.61 0.26 0.30 0.13 0.66 0.54 0.93 1.85 1.48 0.10 0.08

C 0 O 153 V 252 O 101 O 24 T 1601 O 2064 V 49 T 1370 O 609 T 318 D 255 V 0 V 680 O 164 V 321 O 753 V 1757 C 1164 O 39 C 25 C 0 V 230 O 0 C 18 O 38 V 102 O 653 C 97 V 50 V 0 V 498 O 356 T 2914 N 9521 V 422 O 185 O 1050 O 32 V 63 O 483 O 32 V 529 O 5 V 73 V 440 O 167 O 42 T 42 O 22434 V 16 O 11 T 283 V 1758 O 90 O 17 V 44 O 80 V 60 V 46 T 801 O 376 T 19853 V 2 O 192 O 613

0.00 0.31 0.40 0.14 22.12 28.45 0.62 0.92 0.54 0.01 9.91 7.75 0.00 1.04 0.85 0.33 0.23 5.78 0.21 0.23 0.28 0.00 0.06 0.00 0.78 0.23 0.31 0.40 0.18 0.05 0.00 1.43 1.11 33.00 25.78 0.69 0.53 0.25 0.24 0.29 0.43 0.05 0.06 0.04 0.15 0.05 0.04 0.26 0.35 0.02 14.69 11.43 0.65 0.08 0.05 0.17 0.22 0.31 0.40 0.39 8.64 5.84 7.53 0.02 6.25 6.30

0.02 0.01 0.11 0.00 0.03 0.00 0.02 0.02 0.02 0.00 0.01 0.04 0.00 0.01 0.02 0.02 0.01 0.54 0.47 0.01 0.01 0.01 0.03 0.01 0.01 0.00 0.38 0.00 0.01 0.01 0.09 0.01 0.00 0.00 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.03 0.00 0.19 0.16 0.00 0.05 0.04 0.01 0.02 0.00 0.01 0.10 0.02 0.02 0.02 0.03 0.00 0.01 0.00 0.01 0.11 0.09 0.01 0.01

0.20 0.16 0.04 0.02 0.15 0.18 0.49 0.31 0.25 0.01 0.03 0.49 0.17 0.09 0.07 0.13 0.08 5.75 4.42 0.08 0.19 0.05 0.56 0.10 0.12 0.28 1.92 0.00 0.01 0.06 0.63 0.01 0.04 0.03 0.05 0.10 0.04 0.05 0.02 0.03 0.10 0.15 0.01 0.01 0.05 0.06 3.92 3.00 0.06 0.10 0.11 0.09 0.11 0.00 0.04 0.65 0.01 0.16 0.06 0.10 0.01 0.15 0.10 0.18 0.41 0.31 0.03 0.00

L 0.00 0.29 0.37 0.12 20.45 26.45 0.47 0.75 0.43 0.00 8.31 6.47 0.00 0.98 0.78 0.23 0.17 4.36 0.15 0.17 0.00 0.00 0.00 0.00 0.70 0.21 0.28 0.35 0.17 0.00 0.00 1.30 1.01 28.35 22.02 0.56 0.41 0.20 0.00 0.25 0.33 0.04 0.00 0.04 0.00 0.05 0.03 0.00 0.33 0.01 13.85 0.00 0.61 0.00 0.00 0.14 0.00 0.00 0.36 0.32 7.80 5.24 6.73 0.00 5.77 5.61

0.04 unch 0.31 + 0.40 + 0.14 + 22.10 + 28.30 + 0.61 + 0.90 + 0.52 + 0.00 9.75 + 7.60 + 0.09 unch 1.02 0.80 0.24 0.19 + 5.78 + 0.16 + 0.22 + 0.28 + 0.12 unch 0.06 + 0.03 unch 0.70 0.23 + 0.30 + 0.38 0.17 0.04 0.05 unch 1.38 + 1.07 + 32.53 + 25.41 + 0.65 + 0.50 + 0.22 + 0.19 0.25 0.36 0.04 + 0.05 0.04 0.13 unch 0.05 + 0.04 0.26 + 0.35 0.01 14.69 + 10.91 0.65 + 0.06 0.05 + 0.14 0.22 + 0.30 + 0.37 + 0.36 + 8.55 + 5.64 7.22 0.01 6.15 + 6.10 +

0.00 0.10 0.03 0.01 1.11 0.25 0.01 1.40 0.32 0.02 0.24 0.02 1.57 41.25 19.50 1.77 51.00 25.24 0.11 1.97 0.28 0.14 0.99 0.48 0.10 1.12 0.39 0.00 0.03 0.00 1.24 21.53 8.17 1.05 17.11 6.29 0.00 0.18 0.08 0.01 1.15 0.43 0.01 0.92 0.37 0.01 0.72 0.18 0.01 0.57 0.13 0.70 32.85 3.65 0.01 0.34 0.05 0.02 0.80 0.17 0.01 0.89 0.23 0.00 0.16 0.07 0.01 0.32 0.04 0.00 0.37 0.03 0.05 3.75 0.61 0.01 0.83 0.18 0.01 1.05 0.24 0.01 1.07 0.35 0.01 0.41 0.13 0.01 0.12 0.05 0.00 0.23 0.05 0.03 1.66 0.88 0.01 1.33 0.67 3.32 53.09 16.75 2.79 41.56 13.37 0.09 1.21 0.26 0.08 0.95 0.21 0.03 1.09 0.14 0.01 0.41 0.01 0.01 0.38 0.08 0.05 0.86 0.29 0.00 0.15 0.01 0.01 0.18 0.05 0.00 0.13 0.03 0.00 0.30 0.12 0.01 0.16 0.04 0.00 0.13 0.03 0.01 0.67 0.23 0.01 0.86 0.30 0.01 1.80 0.01 0.43 17.73 6.90 0.52 14.00 5.55 0.02 0.75 0.50 0.01 0.15 0.05 0.01 0.13 0.04 0.01 0.80 0.10 0.03 0.80 0.14 0.01 0.64 0.24 0.01 0.81 0.31 0.05 0.74 0.27 0.45 12.73 7.80 0.05 11.25 5.10 0.13 14.00 6.73 0.01 0.06 0.01 0.44 8.63 4.48 0.41 8.73 4.46

0.14 + 0.17 + 0.01 0.02 0.03 unch 0.04 unch 17.85 + 0.29 0.32 + 0.25 + 0.28 + 0.08 unch 0.05 unch 0.05 unch 0.05 + 0.04 + 0.05 0.04 unch 0.04 + 0.10 0.25 + 0.19 + 0.04 unch 0.03 unch 2.16 + 2.77 + 0.22 unch

0.03 0.50 0.11 0.03 0.60 0.14 0.00 0.05 0.01 0.01 0.06 0.02 0.00 0.03 0.03 0.00 0.13 0.03 2.83 26.94 13.60 0.01 1.25 0.05 0.01 1.12 0.29 0.01 1.12 0.22 0.03 0.55 0.24 0.00 0.18 0.06 0.00 0.12 0.05 0.00 0.18 0.04 0.01 0.08 0.05 0.00 0.06 0.03 0.00 0.44 0.01 0.00 0.25 0.04 0.00 0.20 0.03 0.02 0.76 0.11 0.02 0.43 0.22 0.00 0.35 0.17 0.00 0.18 0.03 0.00 0.15 0.01 0.27 3.03 1.43 0.46 3.86 1.82 0.00 0.58 0.21

M Macarthur Min* O Macarthur Min V MacDonald Mns* O MacDonald Mns V Madeira Mrnls V Madoro Metals V MAG Silver T Magellan Gold* O Magna Gold V Magna Gold* O Magna Mining V Magna Terra V Magna Terra* O Magnum Goldco V Majestic Gold V Majestic Gold* O Major Precious* O Makara Mining C Makara Mining* O Makena Res* O Mako Mining V Mako Mining* O Mammoth Res V Mammoth Res * O Mandalay Res* O Mandalay Res T Manganese X V

57 46 13 365 0 58 1361 52 220 114 167 14 5 904 230 54 34 29 26 706 359 570 23 43 5 71 245

0.14 0.18 0.02 0.02 0.00 0.04 18.13 0.29 0.35 0.27 0.29 0.08 0.05 0.05 0.05 0.04 0.05 0.04 0.04 0.12 0.25 0.20 0.04 0.03 2.22 2.95 0.23

0.11 0.00 0.01 0.02 0.00 0.00 14.28 0.00 0.00 0.24 0.25 0.00 0.05 0.04 0.00 0.04 0.05 0.04 0.00 0.10 0.23 0.17 0.00 0.03 1.74 2.20 0.21

22

AUGUST 8 — 21, 2022 / THE NORTHERN MINER

(100s) Stock

Exc Volume

Week High

Low

Last Change

12-month High Low

Manganese X* O 135 Manitou Gold * O 54 Manitou Gold V 192 Manning Vent C 918 Manning Vent* O 2 Mansa Explor C 824 Mantaro Prec V 336 Mantaro Prec* O 82 Maple Gold* O 548 Maple Gold V 657 Marathon Gold* O 270 Marathon Gold T 2951 Margaret Lake V 161 Marimaca Cop* O 0 Marimaca Cop T 10 Maritime Res V 1072 Martina Mnls V 0 MartinMarietta* N 2100 Marvel Discov* O 453 Marvel Discov V 370 Mas Gold V 97 Mascota Res* O 20 Masivo Silver V 155 Masivo Silver* O 20 Mason Graphite* O 113 Mason Graphite V 159 Matachewan Con V 0 Matica Ent C 11 Maverix Metals T 254 Maverix Metals* X 503 Mawson Res* O 207 Mawson Res T 212 MAX Res V 856 MaxTech Vent C 65 MaxTech Vent* O 4 Maxwell Res* O 0 Mayfair Gold* O 66 Mayfair Gold V 277 Mazarin V 16 McChip Res V 0 McEwen Mng T 622 McEwen Mng* N 10340 McLaren Res C 123 MDN Inc* O 5 Medallion Res V 375 Medallion Res* O 52 Medaro Mining C 99 Medaro Mining* O 294 Medgold Res* O 100 Medgold Res V 1867 Medinah Mnrls* O 4438 Mega Copper V 8 Mega Uranium T 3309 Mega Uranium* O 475 MegaWatt Lith C 401 MegaWatt Lith* O 149 MegumaGold* O 224 MegumaGold C 1127 Melkior Res* O 5 Melkior Res V 1 Meridian Mg T 1054 Meridian Mg * O 37 Metal Energy V 202 MetalCorp V 100 Metalex Vent V 140 Metallic Mnrls V 420 Metallic Mnrls* O 148 Metallica Met C 1114 Metallica Met* O 17 Metallis Res V 1007 Metallum Res V 35 Metalo Manuf C 2 Metalore Res V 0 Metals Creek* O 68 Metals Creek V 77 Metals X* O 31 Metron Capital V 317 Mexican Gold* O 143 Midasco Cap V 3 Midland Expl V 87 Midnight Star C 504 Midnight Sun* O 88 Midnight Sun V 0 Millbank Mg V 0 MillenMin Vent V 0 Millennial Pr V 203 Millennial Pr* O 239 Millennium Sil V 256 Millrock Res* O 71 Millrock Res V 112 Milner Con Slv V 0 Minaurum Gold V 324 Minaurum Gold* O 683 Minco Silver* O 2 Minco Silver T 63 Minera Alamos * O 1650 Minera Alamos V 1133 Minera IRL* O 105 Minera IRL C 268 Mineral Hill V 2 Mineral Mtn* O 266 Mineral Mtn V 88 Mineral Res* O 2 MineralRite* O 79577 Mineworx Tech V 1487 Mineworx Tech* O 1402 Minfocus Expl V 205 Minnova Corp V 261 Minsud Res V 30 Mirasol Res V 6 Mistango River C 748 Mkango Res V 31 ML Gold Corp V 1 Monarca Mnrls* O 438 Monarca Mnrls V 68 Monarch Min* O 95 Monarch Mining T 437 Moneta Porcpn T 483 Moneta Porcpn* O 53 Mongoose Mg C 145 Monitor Vent V 0 Montage Gold V 177 Montage Gold* O 84 Montego Res C 475 Monterey Min C 75 Montero Mg&Ex * O 18 Montero Mg&Ex V 72 Monument Mng V 182 Monument Mng* O 2 Monumental Min V 95 Morien Res* O 378 Morien Res V 832 Mosaic* N 23564 Mosaic Min C 636 Mount Gibson * O 150 Mountain Boy* O 3 Mountain Boy V 367 Mountain Prov T 654 Mountain Prov* O 38 MPV Explor C 34 Mundoro Cap V 92 Mundoro Cap* O 157 Murchison Min* O 109 Murchison Min V 559 Musk Metals C 770 Musk Metals* O 70 Muzhu Mining C 80

0.18 0.16 0.17 - 0.01 0.47 0.16 0.03 0.03 0.03 - 0.00 0.09 0.02 0.04 0.00 0.04 + 0.01 0.09 0.03 0.07 0.06 0.07 + 0.01 0.20 0.06 0.05 0.05 0.05 + 0.00 0.12 0.05 0.07 0.05 0.07 + 0.02 0.28 0.05 0.16 0.10 0.12 - 0.01 0.37 0.10 0.10 0.08 0.09 - 0.01 0.50 0.08 0.15 0.13 0.14 + 0.01 0.32 0.12 0.19 0.17 0.18 + 0.01 0.39 0.16 1.43 1.08 1.35 + 0.20 2.97 0.86 1.83 1.41 1.73 + 0.21 3.73 1.12 0.22 0.00 0.22 - 0.01 0.65 0.14 0.00 0.00 2.60 unch 0.00 3.62 2.60 3.16 2.99 3.10 - 0.08 4.56 2.45 0.06 0.05 0.05 unch 0.00 0.19 0.05 0.00 0.00 0.05 unch 0.00 0.07 0.05 354.41 322.87 352.08 + 25.87 446.46 284.99 0.09 0.07 0.09 + 0.01 0.20 0.05 0.11 0.00 0.11 + 0.02 0.22 0.07 0.06 0.05 0.06 unch 0.00 0.13 0.05 2.75 2.58 2.64 unch 0.00 3.45 1.10 0.07 0.00 0.07 + 0.02 0.11 0.05 0.04 0.04 0.04 + 0.00 0.08 0.03 0.34 0.27 0.30 - 0.02 0.65 0.21 0.44 0.36 0.39 - 0.03 0.78 0.27 0.00 0.00 0.27 unch 0.00 0.30 0.17 0.19 0.00 0.10 - 0.09 1.20 0.10 5.61 4.99 5.44 + 0.23 6.88 4.99 4.37 3.87 4.25 + 0.22 5.45 3.83 0.09 0.08 0.08 + 0.01 0.20 0.07 0.11 0.10 0.11 + 0.01 0.26 0.10 0.42 0.33 0.38 + 0.03 0.90 0.14 0.03 0.03 0.03 unch 0.00 0.40 0.02 0.03 0.03 0.03 - 0.00 0.24 0.02 0.00 0.00 0.19 unch 0.00 0.30 0.01 0.84 0.84 0.84 unch 0.00 2.06 0.40 1.04 1.00 1.01 - 0.02 1.61 0.49 0.15 0.00 0.14 - 0.01 0.19 0.08 0.00 0.00 0.83 unch 0.00 1.45 0.62 5.28 0.42 5.07 - 37.93 15.70 4.15 4.11 0.32 3.89 - 29.31 12.70 3.20 0.06 0.05 0.05 unch 0.00 0.08 0.04 0.10 0.09 0.10 - 0.01 0.50 0.09 0.06 0.00 0.06 + 0.01 0.25 0.05 0.05 0.04 0.05 + 0.00 0.21 0.04 0.28 0.25 0.27 - 0.02 1.43 0.25 0.22 0.19 0.20 - 0.01 1.81 0.19 0.02 0.02 0.02 + 0.00 0.04 0.01 0.02 0.00 0.02 unch 0.00 0.04 0.01 0.00 0.00 0.00 + 0.00 0.00 0.00 0.15 0.00 0.15 unch 0.00 0.16 0.14 0.25 0.21 0.23 + 0.03 0.42 0.17 0.19 0.16 0.19 + 0.02 0.34 0.13 0.07 0.00 0.06 - 0.01 0.33 0.06 0.06 0.00 0.05 - 0.00 0.26 0.04 0.02 0.02 0.02 + 0.00 0.05 0.01 0.03 0.02 0.02 unch 0.00 0.07 0.02 0.19 0.19 0.19 unch 0.00 0.30 0.13 0.26 0.00 0.26 + 0.01 0.40 0.20 0.55 0.45 0.50 + 0.03 1.34 0.39 0.39 0.35 0.39 + 0.03 1.08 0.30 0.08 0.00 0.07 - 0.01 0.25 0.07 0.03 0.00 0.03 - 0.01 0.06 0.02 0.06 0.00 0.06 unch 0.00 0.08 0.02 0.42 0.39 0.42 + 0.03 0.58 0.31 0.33 0.30 0.32 + 0.01 0.47 0.24 0.02 0.02 0.02 + 0.00 0.30 0.02 0.02 0.00 0.02 - 0.00 0.24 0.02 0.16 0.15 0.15 - 0.01 0.47 0.14 0.06 0.00 0.06 unch 0.00 0.12 0.05 0.12 0.12 0.12 unch 0.00 0.69 0.08 2.25 0.00 2.25 - 0.05 3.16 2.15 0.10 0.08 0.10 + 0.01 0.18 0.06 0.13 0.00 0.13 + 0.02 0.23 0.10 0.23 0.20 0.23 + 0.01 0.60 0.17 0.20 0.18 0.18 + 0.01 0.39 0.17 0.02 0.01 0.01 - 0.00 0.11 0.01 0.08 0.00 0.08 - 0.02 0.12 0.08 0.37 0.34 0.36 + 0.02 0.73 0.34 0.33 0.24 0.28 + 0.02 0.54 0.23 0.10 0.09 0.10 + 0.00 0.32 0.08 0.00 0.00 0.11 unch 0.00 0.36 0.11 0.00 0.00 0.52 unch 0.00 0.60 0.25 0.00 0.00 0.05 unch 0.00 0.05 0.05 0.29 0.24 0.28 + 0.02 0.70 0.22 0.22 0.19 0.22 + 0.02 0.94 0.17 0.01 0.00 0.01 + 0.01 0.03 0.01 0.03 0.03 0.03 + 0.00 0.07 0.03 0.05 0.00 0.05 unch 0.00 0.08 0.04 0.00 0.00 0.06 unch 0.00 0.11 0.06 0.25 0.19 0.25 + 0.05 0.45 0.18 0.19 0.14 0.19 + 0.04 0.36 0.14 0.16 0.14 0.16 + 0.03 0.37 0.12 0.20 0.00 0.19 + 0.02 0.47 0.16 0.41 0.37 0.38 - 0.01 0.58 0.32 0.52 0.48 0.50 - 0.01 0.73 0.42 0.07 0.05 0.07 + 0.00 0.09 0.01 0.10 0.08 0.10 + 0.02 0.11 0.07 0.20 0.00 0.20 + 0.02 0.30 0.12 0.06 0.04 0.05 + 0.00 0.17 0.04 0.07 0.06 0.07 unch 0.00 0.21 0.06 36.63 0.00 36.63 + 4.01 48.27 27.13 0.00 0.00 0.00 unch 0.00 0.00 0.00 0.04 0.00 0.04 unch 0.00 0.11 0.03 0.03 0.02 0.03 - 0.00 0.08 0.02 0.10 0.00 0.09 - 0.02 0.43 0.08 0.04 0.00 0.04 - 0.01 0.24 0.03 0.25 0.00 0.25 + 0.01 0.37 0.04 0.58 0.00 0.57 + 0.04 0.86 0.31 0.05 0.00 0.04 - 0.01 0.12 0.05 0.31 0.00 0.28 - 0.04 0.70 0.27 0.00 0.00 0.04 unch 0.00 0.14 0.04 0.02 0.01 0.02 + 0.00 0.13 0.01 0.02 0.00 0.02 + 0.01 0.16 0.02 0.38 0.28 0.38 + 0.08 0.85 0.27 0.50 0.36 0.48 + 0.10 0.99 0.36 1.88 1.69 1.76 - 0.10 2.97 1.43 1.47 1.32 1.38 - 0.06 2.36 1.09 0.18 0.18 0.18 unch 0.00 0.50 0.13 0.00 0.00 0.14 unch 0.00 0.19 0.11 0.54 0.48 0.54 + 0.05 0.95 0.48 0.48 0.37 0.43 + 0.04 0.85 0.37 0.01 0.01 0.01 unch 0.00 0.05 0.01 0.23 0.20 0.20 - 0.02 1.08 0.20 0.03 0.03 0.03 unch 0.00 0.11 0.01 0.06 0.00 0.05 unch 0.00 0.14 0.04 0.10 0.09 0.09 unch 0.00 0.16 0.08 0.07 0.07 0.07 unch 0.00 0.12 0.01 0.26 0.20 0.24 - 0.02 0.79 0.20 0.75 0.40 0.45 - 0.00 0.75 0.11 0.68 0.52 0.57 - 0.01 0.68 0.16 52.74 48.00 52.66 + 5.02 79.28 29.14 0.10 0.08 0.09 + 0.02 0.15 0.06 0.32 0.32 0.32 unch 0.00 0.52 0.32 0.09 0.08 0.08 - 0.01 0.19 0.08 0.12 0.11 0.11 - 0.01 0.24 0.11 0.51 0.47 0.50 unch 0.00 0.99 0.40 0.40 0.37 0.40 + 0.02 0.79 0.32 0.05 0.00 0.05 + 0.01 0.71 0.04 0.16 0.14 0.16 + 0.01 0.23 0.14 0.13 0.11 0.12 + 0.01 0.18 0.11 0.07 0.05 0.07 + 0.01 0.15 0.05 0.10 0.00 0.08 unch 0.00 0.17 0.06 0.04 0.03 0.04 + 0.01 0.13 0.03 0.04 0.00 0.03 - 0.00 0.10 0.02 0.10 0.08 0.08 unch 0.00 0.21 0.08

NACCO Ind* Namibia Crit Namibia Crit* Natural Res Pt* Navis Res Corp* NEO Battery NEO Battery* Neometals* Network Expl Network Expl* Nevada Copper Nevada Copper* Nevada Expl Nevada Expl * Nevada King* Nevada King Nevada Lithium Nevada Lithiu*

40.60 35.38 39.30 + 4.31 63.19 24.19 0.17 0.00 0.14 - 0.03 0.32 0.14 0.14 0.10 0.11 - 0.01 0.40 0.08 41.49 39.67 40.54 + 1.07 50.82 19.90 0.53 0.53 0.53 - 0.01 2.46 0.27 0.27 0.17 0.23 + 0.06 1.02 0.16 0.19 0.12 0.18 + 0.06 1.19 0.12 0.82 0.65 0.82 + 0.07 1.50 0.42 0.13 0.00 0.12 unch 0.00 0.73 0.12 0.10 0.10 0.10 unch 0.00 0.59 0.09 0.41 0.26 0.37 + 0.13 1.95 0.20 0.32 0.20 0.30 + 0.11 0.99 0.15 0.05 0.00 0.05 unch 0.00 0.22 0.04 0.03 0.03 0.03 unch 0.00 0.17 0.03 0.27 0.23 0.27 + 0.02 0.48 0.21 0.35 0.29 0.33 + 0.02 0.58 0.27 0.13 0.10 0.12 + 0.01 0.78 0.10 0.12 0.08 0.09 + 0.00 0.75 0.08

N-O N V O N O V O O V O T O V O O V C O

96 352 236 31 10 953 139 16 28 78 1787 866 131 322 296 276 632 425

WWW.NORTHERNMINER.COM

(100s) Stock

Exc Volume

Nevada Silver V Nevada Sunrise V Nevada Sunrise* O Nevada Zinc V Nevado Res V NevGold V NevGold* O New Age Metals V New Age Metals* O New Destiny Mg V New Energy Met* O New Energy Met V New Found Gold V New Gold T New Gold* X New Pac Metals T New Pac Metals* X New Stratus V New Target Mng V New Tech Min* O New Tech Min C New World Res* O Newcore Gold V Newcore Gold* O Newcrest Mg T Newcrest Mg* O Newlox Gold C Newmac Res V Newmont Corp T Newmont Corp* N Neworigin Gold V Newport Expl V NewRange Gold* O NewRange Gold V Nexa Resources* N Nexgen Energy T Nexgen Energy* N NextSource Mat T Nexus Gold* O Nexus Gold V Nfld Discovery C Nfld Discovery* O NGEx Minerals V NGEx Minerals* O Nickel 28* O Nickel 28 V Nickel Creek* O Nickel Creek T Nickel North V Nickel Rock V Nickel Rock* O Nicola Mg Inc V Nicola Mg Inc* O Nighthawk Gold* O Nighthawk Gold T Niobay Metals V Niocan Inc V Niocorp Dev T Niocorp Dev* O Nippon Dragon V Nobel Res V Nobel Res* O Noble Metal V Noble Mineral V Noble Mineral* O Noka Res* O Noram Vent V Noram Vent* O Norra Metals V Norrland Gold V Norse Gold V Norseman Silv V Norsemont Cap C Norsemont Cap* O Nortec Mnls V North Am Nickl V North Arrow Mn V North Arrow Mn* O North Bay Res * O North Peak Res* O North Peak Res V North Valley C Northcliff Res T Northern Light C Northern Uran V Northisle C&G V Northisle C&G * O Northstar Gold C Northstar Gold* O Northwest Cop* O Northwest Cop V Norvista Cap V NorZinc T NorZinc* O Nouveau Monde V Nouveau Monde* N NovaGold Res T NovaGold Res* X Novo Res T Nrthn Graphite V Nrthn Graphite* O Nrthn Lion V Nrthn Mnrls &E* O Nrthn Shield V Nrthn Superior* O Nrthn Superior V NSJ Gold C NSS Res Inc C Nthn Dynasty* X Nthn Dynasty T Nubian Res V Nubian Res* O Nuinsco Res* O Nuinsco Res C NuLegacy Gold V NuLegacy Gold* O Nutrien* N Nutrien T NV Gold V NV Gold* O O2Gold V O3 Mining V OceanaGold T Oceanic Iron O V Oceanic Iron O* O Oceanus Res V Oceanus Res* O Odyssey Res V Olivut Res V Olivut Res* O Omai Gold V Omai Gold* O Omineca Mining* O Omineca Mining V One World Lith* O One World Lith C Opawica Expl V Opawica Expl* O Ophir Gold V Ophir Gold* O Optimum Vent* O Optimum Vent V Optimus Gold V Opus One Gold V Ord Mountain V Orea Mining T Orea Mining* O Orefinders Res V Orestone Mng V Orex Mnrls* O Orex Mnrls V Orezone Gold T Orezone Gold* O Orford Mining V Origen Res* O Origen Res C Orla Mining T Oroco Res* O Oroco Res V Orsu Metals V Orvana Mnrls* O Orvana Mnrls T Osino Res* O Osino Res V Osisko Gold* N Osisko Gold T Osisko Metals* O Osisko Metals V

121 282 493 691 0 463 184 421 157 0 25 34 1099 5713 12363 154 647 675 6 6 102 132 487 73 32 144 511 0 1726 106364 387 201 151 320 369 7316 9947 321 15 2823 218 32 192 1 43 159 198 305 19 283 152 186 2 108 381 192 173 277 451 896 531 102 150 350 77 12 64 96 851 0 0 115 116 58 0 0 28 4 95127 18 28 25 151 269 344 208 52 1789 114 186 484 510 529 269 250 427 756 5498 813 417 255 20 45 239 606 463 2 230 23034 1024 67 25 140 631 1026 875 10679 6652 129 291 1079 71 8214 102 1 822 371 35 238 50 242 250 84 435 21 1340 1636 106 324 361 85 436 0 100 0 40 149 1237 123 64 292 256 93 227 17 971 1895 426 431 0 46 109 481 1281 4101 1578 24 520

Week High

Low

Last Change

12-month High Low

0.24 0.00 0.24 + 0.01 0.60 0.21 0.19 0.15 0.17 + 0.01 0.37 0.05 0.15 0.11 0.13 + 0.01 0.29 0.04 0.07 0.06 0.06 - 0.03 0.16 0.05 0.00 0.00 0.09 unch 0.00 0.15 0.09 0.60 0.43 0.58 + 0.04 0.85 0.37 0.47 0.33 0.46 + 0.02 0.65 0.27 0.07 0.07 0.07 - 0.01 0.15 0.06 0.06 0.04 0.06 + 0.01 0.12 0.04 0.00 0.00 0.03 unch 0.00 0.07 0.03 0.05 0.04 0.04 - 0.00 0.10 0.04 0.05 0.00 0.04 - 0.02 0.12 0.05 5.61 4.67 5.52 + 0.35 10.86 4.67 1.06 0.87 1.05 + 0.13 2.57 0.87 0.83 0.68 0.82 + 0.10 2.02 0.67 4.07 3.27 4.04 + 0.44 5.72 3.07 3.16 2.53 3.11 + 0.45 4.59 2.36 1.11 0.80 1.06 + 0.26 1.45 0.25 0.14 0.00 0.13 + 0.01 0.21 0.10 0.03 0.00 0.03 unch 0.00 0.07 0.02 0.03 0.03 0.03 + 0.01 0.08 0.02 1.34 1.23 1.28 - 0.03 4.10 1.17 0.31 0.26 0.30 + 0.02 0.73 0.25 0.25 0.00 0.24 + 0.01 0.56 0.19 17.34 16.51 17.19 + 0.01 28.00 16.37 13.50 12.79 13.48 + 0.15 21.40 12.19 0.16 0.14 0.14 - 0.01 0.51 0.13 0.00 0.00 0.29 unch 0.00 0.29 0.29 64.10 56.55 57.94 - 8.54 108.98 56.55 49.88 44.00 45.28 - 6.11 86.37 44.00 0.06 0.00 0.06 + 0.02 0.15 0.04 0.43 0.42 0.42 unch 0.00 0.52 0.41 0.03 0.02 0.03 + 0.01 0.15 0.02 0.04 0.00 0.04 unch 0.00 0.19 0.03 6.78 5.21 6.67 + 1.37 12.86 4.95 5.66 4.65 5.58 + 0.83 8.30 4.43 4.42 3.61 4.36 + 0.68 6.56 3.39 2.88 1.90 2.71 + 0.77 4.90 1.73 0.01 0.01 0.01 + 0.00 0.06 0.01 0.02 0.01 0.02 unch 0.00 0.05 0.01 0.16 0.00 0.15 + 0.02 0.62 0.14 0.12 0.00 0.12 + 0.00 0.52 0.01 1.98 1.62 1.92 + 0.32 4.22 0.59 1.33 1.33 1.33 unch 0.00 5.00 0.48 0.76 0.68 0.76 + 0.06 1.43 0.59 0.97 0.87 0.97 + 0.06 1.79 0.83 0.05 0.04 0.05 - 0.00 0.13 0.04 0.06 0.06 0.06 unch 0.00 0.16 0.06 0.05 0.00 0.05 unch 0.00 0.07 0.03 0.07 0.07 0.07 - 0.01 0.23 0.06 0.05 0.05 0.05 - 0.00 0.18 0.05 0.08 0.00 0.08 unch 0.00 0.14 0.07 0.06 0.06 0.06 unch 0.00 0.11 0.05 0.33 0.28 0.33 + 0.04 0.84 0.28 0.43 0.38 0.42 + 0.03 1.07 0.37 0.14 0.00 0.14 unch 0.00 0.62 0.12 0.06 0.06 0.06 - 0.01 0.17 0.05 0.91 0.84 0.85 - 0.05 1.55 0.76 0.74 0.66 0.67 - 0.02 1.25 0.59 0.02 0.00 0.02 - 0.01 0.08 0.01 0.09 0.06 0.08 + 0.02 1.03 0.05 0.07 0.00 0.05 - 0.00 0.87 0.04 0.01 0.00 0.01 unch 0.00 0.02 0.01 0.07 0.00 0.07 + 0.01 0.12 0.05 0.06 0.04 0.06 + 0.01 0.14 0.04 0.21 0.21 0.21 unch 0.00 0.53 0.20 0.60 0.00 0.60 + 0.02 1.05 0.46 0.47 0.39 0.45 + 0.00 0.88 0.35 0.04 0.03 0.03 - 0.01 0.08 0.03 0.00 0.00 0.05 unch 0.00 0.30 0.05 0.00 0.00 0.04 unch 0.00 0.08 0.04 0.15 0.00 0.14 - 0.02 0.48 0.11 0.39 0.38 0.39 unch 0.00 1.11 0.37 0.30 0.29 0.30 - 0.00 0.86 0.29 0.00 0.00 0.01 unch 0.00 0.06 0.01 0.00 0.00 0.58 unch 0.00 0.65 0.23 0.09 0.00 0.08 - 0.01 0.15 0.07 0.10 0.07 0.10 + 0.03 0.12 0.00 0.00 0.00 0.00 + 0.00 0.00 0.00 0.43 0.35 0.38 - 0.02 4.60 0.25 0.50 0.00 0.50 + 0.02 5.85 0.36 0.05 0.05 0.05 unch 0.00 0.10 0.05 0.06 0.00 0.06 unch 0.00 0.08 0.03 0.04 0.04 0.04 unch 0.00 6.50 0.04 0.02 0.00 0.02 unch 0.00 0.09 0.02 0.21 0.19 0.20 + 0.01 0.55 0.16 0.19 0.14 0.16 + 0.00 0.46 0.01 0.09 0.06 0.07 - 0.02 0.28 0.06 0.06 0.04 0.04 - 0.02 0.22 0.06 0.32 0.26 0.26 - 0.03 0.84 0.19 0.41 0.32 0.32 - 0.06 1.10 0.25 0.05 0.00 0.05 - 0.01 0.11 0.04 0.03 0.03 0.03 + 0.01 0.08 0.02 0.02 0.00 0.02 + 0.00 0.06 0.01 6.10 4.36 6.05 + 1.14 11.90 4.36 4.80 3.38 4.77 + 0.93 9.57 3.38 6.32 5.69 6.24 + 0.44 10.53 5.53 4.94 4.42 4.88 + 0.38 8.36 4.23 0.59 0.46 0.59 + 0.09 2.27 0.39 0.51 0.45 0.48 - 0.02 0.94 0.33 0.42 0.35 0.38 - 0.01 0.77 0.28 0.22 0.00 0.22 - 0.07 0.43 0.16 0.12 0.11 0.12 + 0.01 0.29 0.07 0.02 0.00 0.02 unch 0.00 0.07 0.01 0.37 0.31 0.35 - 0.02 0.91 0.29 0.47 0.41 0.44 - 0.03 1.09 0.38 0.07 0.00 0.07 - 0.04 0.24 0.06 0.04 0.03 0.03 - 0.00 0.13 0.03 0.36 0.26 0.32 + 0.05 0.62 0.25 0.46 0.34 0.40 + 0.05 0.78 0.32 0.07 0.00 0.07 - 0.01 0.37 0.06 0.06 0.06 0.06 unch 0.00 0.30 0.06 0.01 0.01 0.01 - 0.00 0.02 0.01 0.02 0.01 0.02 unch 0.00 0.03 0.01 0.07 0.05 0.06 - 0.01 0.13 0.03 0.05 0.04 0.04 + 0.01 0.10 0.02 85.89 78.75 85.66 + 7.34 117.25 57.45 109.98 101.32 109.62 + 8.45 147.93 72.10 0.10 0.00 0.10 + 0.02 0.20 0.08 0.07 0.06 0.07 + 0.00 0.18 0.06 0.01 0.00 0.01 unch 0.00 0.27 0.01 1.85 1.62 1.79 + 0.11 2.53 1.62 2.52 2.14 2.33 + 0.03 3.41 1.79 0.10 0.00 0.10 + 0.01 0.24 0.08 0.07 0.07 0.07 unch 0.00 0.16 0.07 0.34 0.28 0.30 - 0.04 0.78 0.24 0.26 0.21 0.23 - 0.03 0.64 0.18 0.08 0.00 0.08 + 0.03 0.08 0.03 0.05 0.00 0.04 - 0.01 0.08 0.03 0.04 0.03 0.03 - 0.01 0.06 0.02 0.07 0.06 0.07 + 0.01 0.15 0.05 0.05 0.04 0.04 - 0.00 0.27 0.00 0.11 0.09 0.10 + 0.02 0.26 0.07 0.14 0.12 0.13 + 0.01 0.32 0.09 0.06 0.04 0.05 - 0.01 0.09 0.02 0.07 0.05 0.06 unch 0.00 0.12 0.03 0.10 0.07 0.09 + 0.01 0.57 0.07 0.07 0.05 0.06 - 0.01 0.47 0.05 0.06 0.04 0.05 - 0.01 0.20 0.04 0.04 0.03 0.04 - 0.00 0.18 0.03 0.17 0.16 0.17 + 0.01 0.62 0.15 0.25 0.19 0.20 + 0.01 0.80 0.19 0.00 0.00 0.11 unch 0.00 0.30 0.11 0.03 0.00 0.03 - 0.01 0.06 0.03 0.00 0.00 0.20 unch 0.00 0.20 0.20 0.06 0.05 0.06 unch 0.00 0.31 0.04 0.05 0.04 0.05 + 0.00 0.26 0.03 0.04 0.00 0.03 - 0.01 0.08 0.03 0.03 0.00 0.03 - 0.01 0.08 0.02 0.04 0.04 0.04 - 0.00 0.11 0.04 0.06 0.05 0.05 - 0.01 0.13 0.05 1.45 1.40 1.43 + 0.02 1.81 0.99 1.13 1.08 1.11 + 0.04 1.43 0.77 0.10 0.00 0.10 + 0.01 0.27 0.09 0.20 0.16 0.20 unch 0.00 0.33 0.01 0.28 0.24 0.27 + 0.02 0.43 0.14 3.99 3.29 3.86 + 0.47 6.59 3.00 0.57 0.51 0.55 + 0.04 2.52 0.47 0.73 0.66 0.70 + 0.04 3.11 0.61 0.00 0.00 0.13 unch 0.00 0.30 0.12 0.25 0.24 0.25 + 0.01 0.42 0.20 0.33 0.31 0.33 + 0.02 0.53 0.25 0.66 0.56 0.57 - 0.05 1.21 0.56 0.85 0.71 0.74 - 0.07 1.40 0.72 10.56 9.25 10.45 + 0.97 14.57 9.25 13.53 11.90 13.41 + 1.14 18.59 11.90 0.25 0.24 0.24 + 0.00 0.55 0.23 0.33 0.30 0.32 - 0.01 0.69 0.29

(100s) Stock

Exc Volume

Osisko Mng Inc Outcrop S&G* Outcrop S&G Oz Lithium* Oz Lithium OZ Minerals*

T O V O C O

2256 235 328 3 938 12

P2 Gold V P2 Gold* O Pac Arc Res V Pac Bay Mnrls V Pac Booker Min* O Pac Booker Min V Pac Imperial V Pac Ridge Expl V Pac Ridge Expl* O Pacific Empire* O Pacific Empire V Pacific Silk V Pacton Gold V Paladin Energy* O Palamina Corp V Palamina Corp* O Palayan Res* O Paleo Resource V Palladium One* O Palladium One V Pampa Metals C Pampa Metals* O Pan Am Silver* D Pan Am Silver T Pan Global Res* O Pan Global Res V Pancontinental* O Pancontinental V Pangolin Dia V Panoro Mnrls V Panoro Mnrls* O Pantera Silver V PanTerra Gold* O Pantheon Vent V Para Resources V Paramount Gold* X Parlane Res V Pasinex Res C Pasofino Gold* O Pasofino Gold V Patriot Gold C Patriot Gold* O Peabody Enrgy* N Pegasus Res V Pegasus Res* O Pelangio Expl* O Pelangio Expl V Peloton Mnrls* O Peloton Mnrls C PepinNini Lith* O Perpetua Res T Perpetua Res* D Perseus Mng T Pershimex Res V Pershing Res* O Peruvian Metal V Petra Diamonds* O Petrolympic V Petrolympic* O Phenom Res V Phenom Res* O Phoenix Global* O Phoenix Metals V Pine Cliff En* O Pine Cliff En T Pivit Explor C PJX Res V Plata Latina V Platinex Inc* O Platinex Inc C Platinum Gp Mt T Platinum Gp Mt* X Plato Gold V Playfair Mng V Playfair Mng* O PNG Copper C PolyMet Mng T PolyMet Mng* X Portofino Res V Portofino Res* O Power Group* O Power Group V Power Metals V Power Metals* O PPX Mining V PPX Mining* O Precipitate Gl V Precipitate Gl* O Prime Meridian V Prime Mining* O Prime Mining V Prism Res V Prismo Metals C ProAm Expl V Probe Metals* O Probe Metals V Prog Planet V Prog Planet* O Prospect Ridge C Prosper Gold V Provenance Gld C Providence V Providence Gld* O Pucara Gold V Pucara Gold* O PUF Vent Inc * O Puma Expl V Pure Alumina* O Pure Energy* O Pure Energy V Pure Gold Mg* O Pure Gold Mg V Purepoint Uran V Q-Gold Res* O Q-Gold Res V QC Copper V QC Copper* O QC Precious * O QC Precious V QcX Gold V QcX Gold* O QMC Quantum Ml*O QMC Quantum Ml V Quadro Res* O Quadro Res V Quantum Batt* O Quantum Batt C Quartz Mtn Res* O Quartz Mtn Res V Quebec Nickel C Quebec Silica C

118 49 0 34 69 34 17 371 286 39 12 0 84 2794 18 61 511 145 561 398 672 16 12757 2381 33 519 56 294 18 36 6 327 151 490 164 288 1188 32 1 23 5 49 33946 317 173 16 127 227 214 29 29 225 100 269 165 48 2 93 189 172 399 13 29 158 3164 35 39 4 8 1570 170 1743 159 31 1 332 6 247 405 361 5 9 1287 217 40 53 1297 2096 300 84 1806 0 344 25 133 366 399 20 171 65 167 172 302 30 10 2660 953 18 85 72 1415 7103 1589 8 116 907 136 301 161 32 433 28 20 32 101 1 155 1 0 1191 889

Week High

Low

2.89 0.14 0.17 0.22 0.08 12.83

2.52 0.00 0.13 0.02 0.07 0.00

12-month

Last Change

2.84 0.14 0.17 0.22 0.08 12.83

+ + + + +

0.16 0.04 0.04 0.15 0.01 1.12

Ridgeline Min Ridgestone M’g* Ridgestone M’g Riley Gold* Riley Gold Rio Silver* Rio Silver Rio Tinto* Rio Tinto* Rio Tinto* Rio2 Limited* Rio2 Limited Rise Gold Corp Rise Gold Corp* Riverside Res Riverside Res* RJK Explor RJK Explor* Robex Res Rochester Res Rock Tech Lith Rock Tech Lith* Rockcliff Met* Rockcliff Met Rockhaven Re* Rockhaven Res Rockland Res Rockridge Res Rockwealth Res Rogue Res Rojo Res* Rokmaster Res* Rokmaster Res Romios Gold Rs Romios Gold Rs* RooGold* RooGold RosCan Gold RosCan Gold* Ross River Rover Metals* Rover Metals Royal Fox Gold Royal Fox Gold* Royal Gold* Royal Rd Mnrls RT Minerals RTG Mining Rugby Mng Running Fox Rs Rupert Res* Rupert Res Rusoro Mng* Rusoro Mng

V 15 O 243 V 113 O 9 V 25 O 193 V 196 N 17688 O 4 O 13 O 513 V 1349 C 57 O 165 V 414 O 244 V 61 O 163 V 56 V 0 V 61 O 17 O 2 C 168 O 10 V 67 C 944 V 867 V 129 V 6 O 384 O 68 V 1551 V 360 O 9 O 1075 C 1174 V 830 O 235 V 0 O 21 V 57 V 816 O 93 D 2728 V 255 V 82 T 0 V 1073 V 59 O 8 V 98 O 180 V 674

0.26 0.00 0.26 + 0.02 0.60 0.19 0.02 0.01 0.01 - 0.01 0.07 0.01 0.02 0.00 0.02 + 0.01 0.09 0.01 0.11 0.11 0.11 unch 0.00 0.38 0.11 0.15 0.00 0.15 - 0.01 0.44 0.10 0.03 0.03 0.03 unch 0.00 0.11 0.00 0.04 0.00 0.04 unch 0.00 0.08 0.03 61.23 57.05 61.03 + 3.53 89.51 53.83 61.10 56.90 59.93 + 2.75 89.06 53.34 68.98 0.00 68.52 + 1.53 100.31 62.51 0.13 0.10 0.11 - 0.03 0.67 0.08 0.17 0.13 0.13 - 0.05 0.85 0.12 0.45 0.40 0.41 + 0.04 0.99 0.36 0.36 0.31 0.36 - 0.01 0.80 0.26 0.13 0.00 0.12 - 0.01 0.19 0.10 0.10 0.09 0.09 - 0.00 0.15 0.08 0.10 0.00 0.09 - 0.01 0.20 0.07 0.08 0.06 0.06 - 0.01 0.40 0.01 0.33 0.00 0.32 + 0.01 0.43 0.26 0.00 0.00 0.04 unch 0.00 0.08 0.03 4.91 4.35 4.44 - 0.36 9.38 3.76 3.80 3.40 3.45 - 0.27 7.53 3.02 0.04 0.04 0.04 unch 0.00 0.07 0.03 0.04 0.04 0.04 unch 0.00 0.08 0.04 0.06 0.05 0.06 + 0.01 0.12 0.00 0.08 0.00 0.08 + 0.01 0.13 0.07 0.19 0.15 0.18 + 0.01 0.26 0.09 0.06 0.05 0.06 + 0.01 0.12 0.05 0.28 0.23 0.24 - 0.02 0.45 0.12 0.06 0.00 0.05 - 0.02 0.16 0.06 0.22 0.18 0.22 + 0.02 0.99 0.16 0.11 0.10 0.10 - 0.00 0.45 0.09 0.14 0.10 0.11 - 0.03 0.52 0.11 0.04 0.00 0.03 - 0.01 0.07 0.03 0.03 0.03 0.03 - 0.00 0.05 0.02 0.06 0.04 0.04 - 0.01 0.41 0.03 0.06 0.05 0.06 - 0.01 0.43 0.04 0.22 0.17 0.20 + 0.02 0.42 0.17 0.17 0.13 0.15 + 0.01 0.34 0.11 0.00 0.00 0.26 unch 0.00 0.26 0.26 0.02 0.02 0.02 unch 0.00 0.07 0.02 0.03 0.00 0.03 unch 0.00 0.09 0.03 0.06 0.05 0.05 + 0.01 0.08 0.04 0.06 0.03 0.04 + 0.01 0.11 0.03 107.12 99.57 104.77 + 2.46 147.70 92.01 0.20 0.00 0.19 - 0.02 0.35 0.16 0.02 0.00 0.01 unch 0.00 0.09 0.01 0.00 0.00 0.07 unch 0.00 0.15 0.06 0.12 0.00 0.11 + 0.01 0.24 0.10 0.03 0.00 0.02 unch 0.00 0.05 0.02 3.28 3.05 3.22 + 0.17 5.37 3.00 4.25 3.96 4.06 + 0.06 6.77 3.78 0.06 0.06 0.06 + 0.00 0.07 0.03 0.09 0.00 0.08 - 0.01 0.10 0.04

S2 Minerals Sabina Gd&Slvr Sabina Gd&Slvr* Sable Res* Sable Res Sailfish Rylty Salazar Res* Salazar Res Sama Res Sama Res* San Lorenzo Sanatana Res* Sanatana Res Sandfire Res Sandfire Res* Sandstorm Gold Sandstorm Gold* Santacruz Silv Sarama Res Sassy Res* Sassy Res Satori Res Satori Res* Saturn Mnrls Savannah Min Saville Res Scandium Intl Scandium Intl* Scorpio Gold Scorpio Gold * Scotch Creek Scotch Creek* Scottie Res* Scottie Res ScoZinc Mg Seabridge Gld Seabridge Gld* Seahawk Gold* Seahawk Gold Search Mnls Search Mnls* Searchlight* SearchlightRes Secova Metals* Secova Metals Sego Res Select Sands Sennen Potash Serabi Gold Sherritt Intl Shine Minerals* Shine Minerals Sibanye-Stillw* Sibanye-Stillw* Sidney Resrces* Sienna Res Sienna Res* Sierra Madre G Sierra Metals Sierra Metals* Sigma Lithium* Sigma Lithium Signature Res Signature Res* Silver Bear Rs Silver Bull Re Silver Bull Re* Silver Dollar Silver Dollar* Silver Eleph Silver Grail Silver Hammer* Silver Hammer Silver One* Silver One Silver Predatr* Silver Predatr Silver Range* Silver Range Silver Sands* Silver Sands Silver Spruce* Silver Spruce Silver Valley Silver Viper* Silver Viper Silver Wolf Silver Wolf* Silver X Silver X* Silvercorp Met Silvercorp Met* SilverCrest* SilverCrest Silverstock Silverton Met* Silverton Met Sirios Res Sirios Res* Sitka Gold Sitka Gold* Sixty North Sixty North* Skeena Res SKRR Explor Sky Gold* Sky Gold Skyharbour Res Skyharbour Res* Slam Explor Slave Lake Zn

C 743 T 2835 O 760 O 178 V 362 V 60 O 39 V 320 V 80 O 13 V 4 O 50 V 181 V 0 O 96 T 1414 N 7465 V 1219 V 7 O 88 C 862 V 207 O 56 V 698 V 0 V 148 T 221 O 235 V 90 O 419 C 159 O 350 O 59 V 250 V 1 T 271 N 1472 O 0 C 56 V 506 O 31 O 1112 V 647 O 432 C 2405 V 130 V 98 V 0 T 1 T 3094 O 2 V 0 O 8 N 13482 O 921 V 204 O 22 V 0 T 207 X 747 D 1158 V 84 V 3039 O 533 T 0 T 21 O 69 C 323 O 38 T 104 V 44 O 361 C 376 O 640 V 298 O 9 V 7 O 197 V 219 O 45 C 209 O 161 V 1002 V 148 O 1139 V 1723 V 143 O 174 V 812 O 369 T 1468 X 6579 X 4513 T 1369 C 100 O 30 V 3 V 437 O 21 C 1124 O 120 C 494 O 315 T 839 V 286 O 119 V 364 V 966 O 287 V 135 C 159

0.13 1.20 0.93 0.19 0.24 1.22 0.11 0.14 0.15 0.10 0.10 0.10 0.13 0.00 0.14 7.71 6.01 0.42 0.18 0.35 0.45 0.10 0.07 2.53 0.00 0.02 0.09 0.09 0.06 0.05 0.34 0.26 0.14 0.19 0.65 17.79 13.89 0.00 0.36 0.13 0.10 0.08 0.11 0.36 0.09 0.06 0.09 0.00 0.58 0.43 0.07 0.00 4.00 9.96 0.15 0.06 0.05 0.00 0.86 0.68 17.93 22.84 0.04 0.04 0.00 0.27 0.21 0.45 0.36 0.68 0.08 0.31 0.39 0.26 0.34 0.10 0.13 0.07 0.09 0.06 0.08 0.02 0.03 0.13 0.22 0.29 0.14 0.11 0.23 0.18 3.42 2.67 6.83 8.75 0.18 0.20 0.19 0.07 0.05 0.17 0.13 0.04 0.04 7.30 0.05 0.05 0.05 0.42 0.33 0.03 0.15

0.37 0.36 0.37 unch 0.00 0.83 0.34 0.35 0.26 0.30 + 0.02 1.60 0.26 0.00 0.00 0.21 unch 0.00 0.21 0.14 0.11 0.00 0.11 + 0.05 0.14 0.06 0.68 0.51 0.51 - 0.11 3.90 0.43 0.80 0.00 0.80 unch 0.00 4.99 0.53 0.02 0.00 0.02 unch 0.00 0.06 0.02 0.38 0.34 0.37 - 0.01 0.58 0.10 0.30 0.26 0.29 + 0.02 0.47 0.08 0.02 0.02 0.02 - 0.01 0.04 0.02 0.03 0.00 0.03 unch 0.00 0.06 0.02 0.00 0.00 0.03 unch 0.00 0.04 0.02 0.32 0.00 0.30 + 0.01 0.67 0.26 0.52 0.42 0.51 + 0.05 0.80 0.27 0.11 0.00 0.11 unch 0.00 0.36 0.11 0.09 0.08 0.09 + 0.01 0.29 0.08 0.06 0.05 0.05 + 0.00 0.32 0.03 0.02 0.01 0.01 - 0.01 0.04 0.01 0.13 0.10 0.13 + 0.02 0.26 0.08 0.17 0.13 0.16 + 0.02 0.32 0.11 0.25 0.16 0.21 + 0.02 0.48 0.16 0.18 0.09 0.18 + 0.03 0.38 0.09 20.49 17.98 20.33 + 1.55 30.56 17.26 26.28 23.16 26.06 + 1.80 38.51 22.81 0.38 0.37 0.37 - 0.02 0.70 0.02 0.51 0.46 0.49 - 0.01 0.87 0.36 0.04 0.02 0.02 - 0.01 0.13 0.02 0.05 0.00 0.04 - 0.01 0.17 0.04 0.02 0.00 0.02 unch 0.00 0.03 0.01 0.14 0.00 0.14 + 0.03 0.21 0.11 0.10 0.09 0.09 - 0.01 0.18 0.08 0.17 0.00 0.16 + 0.03 0.34 0.07 0.04 0.00 0.04 + 0.00 0.07 0.04 0.08 0.07 0.08 + 0.01 0.23 0.05 0.40 0.31 0.37 + 0.06 0.44 0.24 0.47 0.41 0.44 + 0.00 1.10 0.40 0.05 0.04 0.04 - 0.01 0.21 0.03 0.03 0.03 0.03 unch 0.00 0.07 0.02 0.48 0.48 0.48 unch 0.00 0.91 0.46 0.68 0.00 0.62 unch 0.00 1.15 0.60 0.05 0.04 0.05 + 0.01 0.15 0.04 0.04 0.04 0.04 + 0.01 0.13 0.03 24.84 20.43 20.99 + 0.05 33.29 8.58 0.05 0.05 0.05 + 0.01 0.11 0.04 0.04 0.03 0.03 unch 0.00 0.20 0.01 0.02 0.02 0.02 unch 0.00 0.12 0.02 0.04 0.00 0.04 unch 0.00 0.16 0.03 0.04 0.03 0.04 + 0.01 0.09 0.03 0.06 0.04 0.06 + 0.01 0.12 0.03 0.34 0.30 0.34 + 0.04 0.73 0.21 3.74 3.40 3.51 + 0.06 7.52 3.40 2.80 2.63 2.76 + 0.06 5.99 2.59 1.53 1.40 1.53 + 0.04 1.88 1.11 0.04 0.00 0.03 unch 0.00 0.07 0.03 0.05 0.04 0.04 - 0.00 0.09 0.01 0.13 0.09 0.10 - 0.01 0.22 0.08 1.08 0.00 1.08 unch 0.00 1.80 0.02 0.08 0.00 0.08 + 0.01 0.10 0.04 0.06 0.06 0.06 unch 0.00 0.08 0.04 0.47 0.39 0.46 + 0.01 0.81 0.35 0.36 0.30 0.36 + 0.00 0.68 0.25 0.35 0.35 0.35 unch 0.00 1.29 0.34 0.06 0.00 0.05 - 0.01 0.41 0.04 1.42 1.28 1.42 + 0.19 1.63 0.30 1.84 1.60 1.84 + 0.25 2.05 0.37 0.07 0.07 0.07 unch 0.00 0.35 0.03 0.15 0.00 0.15 + 0.03 0.23 0.12 0.04 0.00 0.04 unch 0.00 0.04 0.02 0.02 0.02 0.02 unch 0.00 0.05 0.02 0.05 0.04 0.05 + 0.01 0.07 0.04 2.05 1.66 2.05 + 0.35 4.13 1.57 1.61 1.28 1.61 + 0.31 3.32 1.20 0.03 0.00 0.03 unch 0.00 0.04 0.02 0.08 0.00 0.08 unch 0.00 0.25 0.07 0.05 0.05 0.05 + 0.00 0.29 0.01 0.05 0.05 0.05 unch 0.00 0.16 0.04 3.83 3.65 3.81 + 0.09 6.15 3.05 3.04 2.83 2.98 + 0.13 4.79 2.41 0.07 0.00 0.07 - 0.01 0.17 0.06 0.05 0.05 0.05 - 0.00 0.14 0.05 0.02 0.02 0.02 unch 0.00 0.06 0.02 0.02 0.00 0.02 unch 0.00 0.09 0.02 0.20 0.17 0.19 + 0.01 0.34 0.16 0.15 0.13 0.15 + 0.01 0.27 0.12 0.02 0.00 0.02 unch 0.00 0.05 0.02 0.02 0.02 0.02 - 0.00 0.20 0.00 0.09 0.07 0.09 + 0.01 0.17 0.07 0.07 0.06 0.06 - 0.00 0.13 0.05 0.05 0.05 0.05 unch 0.00 0.14 0.04 1.41 0.91 1.41 + 0.35 4.15 0.91 1.82 1.16 1.78 + 0.44 5.24 1.16 0.00 0.00 0.07 unch 0.00 0.22 0.07 0.25 0.19 0.25 + 0.05 0.42 0.12 0.05 0.00 0.05 + 0.02 0.10 0.03 1.22 0.92 1.17 + 0.23 1.85 0.90 1.56 1.18 1.49 + 0.27 2.33 1.16 0.28 0.24 0.24 - 0.06 0.60 0.25 0.23 0.19 0.19 - 0.03 0.48 0.19 0.35 0.27 0.30 - 0.02 2.75 0.23 0.25 0.21 0.25 + 0.03 1.73 0.21 0.09 0.07 0.08 unch 0.00 0.18 0.07 0.06 0.00 0.06 - 0.01 0.09 0.05 0.05 0.04 0.04 - 0.01 0.16 0.04 0.07 0.00 0.07 + 0.01 0.22 0.06 0.04 0.04 0.04 unch 0.00 0.19 0.04 0.03 0.02 0.02 - 0.00 3.14 0.02 0.23 0.19 0.21 - 0.02 0.64 0.18 0.01 0.01 0.01 unch 0.00 0.02 0.00 0.56 0.45 0.55 + 0.06 2.11 0.45 0.73 0.61 0.70 + 0.08 2.60 0.61 0.11 0.09 0.09 - 0.01 1.19 0.09 0.14 0.11 0.12 - 0.02 1.50 0.12 0.09 0.06 0.08 + 0.02 0.17 0.06 0.05 0.03 0.03 - 0.02 0.13 0.03 0.05 0.00 0.05 unch 0.00 0.17 0.04 0.16 0.14 0.16 + 0.02 0.47 0.13 0.12 0.11 0.11 + 0.01 0.37 0.10 0.08 0.08 0.08 - 0.00 0.23 0.08 0.14 0.00 0.14 + 0.04 0.30 0.10 0.03 0.00 0.03 - 0.01 0.17 0.02 0.02 0.02 0.02 unch 0.00 0.12 0.02 0.16 0.14 0.15 + 0.00 0.30 0.12 0.20 0.00 0.19 unch 0.00 0.36 0.16 0.03 0.02 0.03 + 0.00 0.08 0.01 0.03 0.00 0.03 unch 0.00 0.10 0.02 0.29 0.29 0.29 unch 0.00 2.78 0.25 0.40 0.36 0.38 - 0.02 3.53 0.33 0.03 0.00 0.03 unch 0.00 0.29 0.00 0.00 0.00 0.21 unch 0.00 0.39 0.18 0.15 0.09 0.15 + 0.05 0.41 0.09 0.04 0.04 0.04 - 0.01 0.23 0.03

R V O V V C V O V C O V V V C O V V O V O V O V V V

12 0 909 116 3008 0 573 301 4627 80 567 57 0 448 69 191 775 444 205 227 0 473 484 15 0

0.13 0.00 0.13 0.22 0.06 0.00 0.80 0.03 0.05 0.30 0.29 0.94 0.00 0.04 0.03 0.05 0.29 0.23 0.53 0.41 0.00 0.35 0.43 0.27 0.00

0.00 0.00 0.11 0.20 0.05 0.00 0.68 0.00 0.00 0.14 0.23 0.79 0.00 0.03 0.03 0.00 0.26 0.20 0.43 0.34 0.00 0.25 0.33 0.00 0.00

0.13 unch 0.10 unch 0.12 unch 0.22 0.06 + 0.08 unch 0.70 0.03 + 0.05 + 0.19 0.25 0.90 + 0.16 unch 0.03 unch 0.03 + 0.04 + 0.27 + 0.22 + 0.53 + 0.41 + 0.09 unch 0.32 + 0.40 + 0.27 + 0.05 unch

0.00 0.00 0.00 0.01 0.01 0.00 0.02 0.01 0.02 0.08 0.05 0.09 0.00 0.00 0.00 0.01 0.01 0.01 0.11 0.07 0.00 0.08 0.09 0.02 0.00

0.41 0.12 0.31 0.40 0.10 0.26 2.75 0.05 0.20 0.53 0.64 1.50 0.25 0.09 0.08 0.13 0.36 0.29 0.83 0.67 0.39 0.76 0.92 1.70 0.05

0.12 0.01 0.09 0.16 0.01 0.08 0.45 0.02 0.03 0.00 0.23 0.71 0.16 0.03 0.02 0.04 0.06 0.04 0.38 0.29 0.07 0.20 0.27 0.25 0.03

High

Low

12-month

5.02 0.27 0.36 1.00 0.35 21.04

2.33 0.08 0.10 0.01 0.07 10.89

Exc Volume

Week

Stock

P-Q

Rackla Metals Rackla Metals* Radisson Mng Radius Gold Rain City Rainy Mtn Royl Rare Element* Rathdowney Res Ready Set Gold Recharge Res* Red Pine Expl Regulus Res Remington Res Renforth Res Renforth Res* Resolve Vent Reunion Gold Reunion Gold* Revival Gold Revival Gold * Rex Res Reyna Silver* Reyna Silver Rhyolite Res Richmond Mnls

(100s)

High Low

Last Change

High Low

S 0.12 0.95 0.74 0.00 0.20 1.18 0.09 0.12 0.00 0.10 0.00 0.10 0.00 0.00 0.11 6.87 5.34 0.36 0.00 0.30 0.37 0.08 0.07 2.00 0.00 0.00 0.08 0.05 0.00 0.04 0.27 0.21 0.12 0.16 0.00 15.26 11.87 0.00 0.00 0.11 0.00 0.07 0.09 0.06 0.08 0.00 0.00 0.00 0.00 0.35 0.05 0.00 2.03 9.17 0.12 0.05 0.04 0.00 0.73 0.56 14.90 19.16 0.02 0.02 0.00 0.00 0.20 0.39 0.30 0.54 0.00 0.23 0.29 0.19 0.25 0.08 0.00 0.05 0.07 0.04 0.06 0.02 0.00 0.00 0.14 0.18 0.11 0.08 0.20 0.15 2.90 2.26 5.40 6.95 0.18 0.11 0.00 0.06 0.05 0.16 0.12 0.04 0.03 6.08 0.00 0.04 0.00 0.34 0.25 0.02 0.10

0.13 + 1.19 + 0.93 + 0.19 + 0.24 + 1.18 0.10 0.13 0.14 + 0.10 + 0.10 unch 0.10 unch 0.12 0.18 unch 0.12 7.62 + 5.95 + 0.40 unch 0.16 0.33 0.42 0.09 0.07 unch 2.45 + 0.26 unch 0.02 0.08 0.07 + 0.06 + 0.05 unch 0.27 0.24 + 0.13 0.19 + 0.65 unch 17.57 + 13.72 + 0.22 unch 0.30 0.11 + 0.09 + 0.08 0.10 unch 0.07 0.09 + 0.05 unch 0.08 0.45 unch 0.56 0.42 + 0.05 0.08 unch 2.05 + 9.94 + 0.15 + 0.06 unch 0.05 + 0.74 unch 0.76 0.59 17.64 + 22.55 + 0.02 0.02 0.05 unch 0.27 + 0.21 + 0.41 0.34 0.62 + 0.08 unch 0.28 + 0.34 + 0.24 + 0.31 + 0.10 + 0.12 unch 0.07 + 0.08 + 0.05 + 0.07 + 0.02 + 0.03 unch 0.12 + 0.20 + 0.27 + 0.12 0.11 + 0.21 0.16 3.40 + 2.64 + 6.80 + 8.74 + 0.18 unch 0.16 + 0.19 + 0.07 unch 0.05 unch 0.17 + 0.13 + 0.04 + 0.03 7.05 + 0.05 + 0.04 + 0.05 + 0.42 + 0.32 + 0.03 + 0.15 +

0.01 0.19 0.15 0.02 0.03 0.03 0.01 0.02 0.01 0.00 0.00 0.00 0.02 0.00 0.03 0.50 0.45 0.00 0.02 0.01 0.04 0.01 0.00 0.43 0.00 0.01 0.01 0.02 0.01 0.00 0.06 0.01 0.01 0.02 0.00 1.52 1.29 0.00 0.01 0.01 0.01 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.04 0.05 0.02 0.00 0.02 0.57 0.03 0.00 0.01 0.00 0.09 0.06 2.65 3.10 0.02 0.01 0.00 0.02 0.00 0.07 0.01 0.09 0.00 0.04 0.03 0.05 0.06 0.02 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.04 0.01 0.03 0.02 0.02 0.36 0.30 0.89 1.09 0.00 0.02 0.02 0.00 0.00 0.01 0.01 0.01 0.01 0.51 0.01 0.00 0.01 0.08 0.05 0.01 0.04

0.28 1.90 1.52 0.26 0.33 1.65 0.32 0.42 0.28 0.22 0.18 0.15 0.20 0.23 0.20 11.61 9.18 0.56 0.28 0.63 0.76 0.18 0.14 4.49 0.35 0.06 0.23 0.19 0.17 0.14 0.91 1.70 0.21 0.25 0.75 28.00 22.22 0.71 0.89 0.33 0.27 0.11 0.14 0.36 0.22 0.12 0.14 0.45 1.30 0.85 0.13 0.16 5.15 20.64 0.28 0.15 0.12 0.75 3.91 3.12 19.99 25.05 0.15 0.13 0.13 1.40 1.14 0.96 0.89 4.05 0.25 0.86 1.08 0.48 0.59 0.14 0.19 0.17 0.19 0.15 0.19 0.05 0.07 0.33 0.57 0.72 0.39 0.34 0.52 0.41 6.38 5.13 10.13 12.99 0.29 0.64 0.70 0.11 0.08 0.20 0.15 0.08 0.06 17.11 0.17 0.11 0.13 0.87 0.70 0.16 0.23

0.12 0.93 0.70 0.12 0.16 1.09 0.09 0.12 0.12 0.09 0.07 0.06 0.07 0.11 0.08 6.86 5.31 0.22 0.14 0.21 0.25 0.08 0.06 1.88 0.21 0.02 0.07 0.01 0.05 0.03 0.27 0.18 0.12 0.16 0.45 14.28 10.94 0.16 0.20 0.10 0.08 0.03 0.06 0.00 0.04 0.04 0.05 0.45 0.51 0.31 0.05 0.08 0.00 8.67 0.09 0.04 0.03 0.39 0.78 0.60 5.35 6.63 0.03 0.02 0.04 0.23 0.16 0.39 0.30 0.45 0.07 0.21 0.29 0.14 0.20 0.07 0.07 0.03 0.07 0.04 0.06 0.01 0.02 0.09 0.12 0.16 0.07 0.06 0.17 0.12 2.90 2.21 5.20 6.85 0.12 0.06 0.09 0.06 0.04 0.08 0.06 0.04 0.03 5.80 0.05 0.03 0.04 0.29 0.22 0.02 0.06

GLOBAL MINING NEWS

(100s) Stock

Week

Exc Volume

Slave Lake Zn* Snowline Gold Snowy Owl Sokoman Min Sokoman Min* Solaris Res SolGold plc* SolGold plc SolidusGold Solitario Ex&R Solitario Ex&R* Solstice Gold Sonora Gld & S Sonoro Gold* Sonoro Gold SOPerior Fert South Atlantic South Atlantic* South Star Bat South Star Bat* South32* Southern Copp* Southern Emp Southern Silvr Southern Silvr* SouthGobi Res Southstone Min Spanish Mtn Gd Spanish Mtn Gd* Sparton Res Sparton Res* SPC Nickel SPC Nickel* Spearmint Res Spearmint Res* Spruce Ridge R SRG Mining SSR Mining* SSR Mining St Augustine St-Georges Eco St-Georges Eco* St. James Gold St. James Gold* Stakeholdr Gld Stallion Gold Standard Graph* Standard Uran Standard Uran* Stans Energy Star Diamond* Star Diamond Star Gold* Starcore Intl* Starcore Intl Starr Peak* Starr Peak Stellar Africa* Stellar Africa Stelmine Can Stelmine Can* Steppe Gold Steppe Gold* Sterling Metal Sterling Metal* Stevens Gold* Stevens Gold Stinger Res* Stinger Res Stone Gold Straightup Res Straightup Re* Stratabd Mnr* Stratabd Mnr Strategic Metl* Strategic Metl Strategic Res Stria Lithium Strikepoint Gd Strikepoint Gd* Strongbow Expl Strongbow Expl* Stroud Res Stuhini Explor Stuve Gold Sulliden Mng Summa Silver* Summa Silver Sun Peak Metal Sun Summit Sun Summit* Suncor Energy Suncor Energy* Superior Gold* Superior Gold Superior Mng Superior Mng* Surge Battery* Surge Battery Surge Copper Surge Copper* Sylla Gold Syrah Res*

THE NORTHERN MINER / AUGUST 8 — 21, 2022

O 4 C 1563 C 413 V 249 O 136 T 742 O 57 T 50 V 0 T 121 X 348 V 171 V 0 O 100 V 202 V 795 V 361 O 25 V 128 O 26 O 470 N 9362 V 80 V 1347 O 894 T 92 V 0 V 159 O 139 V 400 O 17 V 22 O 13 C 888 O 401 V 241 V 56 D 9946 T 3274 T 299 C 963 O 695 V 227 O 45 V 1 V 1 O 697 V 1373 O 390 V 2 O 76 T 1843 O 30 O 207 T 135 O 199 V 343 O 38 V 45 V 138 O 112 T 52 O 2 V 273 O 181 O 235 C 2542 O 9 V 94 V 115 C 21 O 50 O 396 V 90 O 116 V 77 V 0 V 109 V 3230 O 1649 V 765 O 40 V 50 V 12 V 0 T 208 O 580 V 765 V 189 V 516 O 163 T 25274 N 21637 O 143 V 2173 V 56 O 25 O 125 V 79 V 570 O 126 V 66 O 223

High

Low

0.05 1.89 0.05 0.23 0.18 7.31 0.33 0.45 0.00 0.70 0.59 0.13 0.00 0.09 0.14 0.03 0.05 0.04 0.52 0.48 2.65 50.22 0.09 0.23 0.18 0.20 0.00 0.18 0.14 0.09 0.06 0.07 0.02 0.08 0.06 0.07 0.84 16.74 21.48 0.06 0.18 0.15 0.41 0.33 0.38 0.14 0.01 0.13 0.10 0.01 0.11 0.14 0.02 0.19 0.25 0.68 0.87 0.05 0.06 0.23 0.17 1.11 0.81 0.36 0.28 0.23 0.26 0.09 0.09 0.22 0.08 0.05 0.03 0.05 0.21 0.27 0.00 0.17 0.11 0.08 0.36 0.28 0.36 0.46 0.00 0.07 0.61 0.77 0.14 0.19 0.15 43.72 34.12 0.53 0.68 0.20 0.13 0.03 0.05 0.19 0.14 0.14 1.10

0.05 1.60 0.00 0.19 0.15 5.94 0.29 0.00 0.00 0.00 0.50 0.00 0.00 0.09 0.12 0.03 0.00 0.04 0.43 0.37 0.00 46.44 0.00 0.18 0.14 0.00 0.00 0.00 0.12 0.07 0.02 0.07 0.02 0.07 0.05 0.06 0.73 15.44 19.85 0.05 0.17 0.13 0.31 0.24 0.00 0.00 0.00 0.09 0.07 0.00 0.07 0.11 0.02 0.16 0.00 0.56 0.75 0.04 0.00 0.18 0.14 1.04 0.81 0.29 0.24 0.19 0.19 0.07 0.08 0.00 0.00 0.05 0.03 0.00 0.18 0.00 0.00 0.00 0.06 0.04 0.00 0.24 0.00 0.00 0.00 0.00 0.41 0.54 0.00 0.17 0.13 40.15 31.22 0.48 0.63 0.00 0.13 0.03 0.00 0.15 0.11 0.00 0.88

12-month

Last Change

0.05 unch 1.75 0.04 + 0.23 + 0.18 + 7.21 + 0.30 0.44 0.11 unch 0.70 + 0.56 + 0.10 0.09 unch 0.09 0.13 unch 0.03 unch 0.05 + 0.04 unch 0.43 0.37 2.65 + 49.80 + 0.09 unch 0.23 + 0.18 + 0.19 0.03 unch 0.17 + 0.13 + 0.08 + 0.06 + 0.07 + 0.02 unch 0.08 unch 0.06 0.06 unch 0.84 + 16.46 + 21.11 + 0.06 unch 0.17 unch 0.14 + 0.31 0.24 0.38 0.14 0.00 0.12 + 0.09 + 0.01 unch 0.09 0.14 unch 0.02 unch 0.19 + 0.24 + 0.65 0.85 0.04 0.06 0.21 + 0.16 + 1.10 + 0.81 0.31 0.26 0.19 unch 0.25 + 0.09 + 0.08 unch 0.22 + 0.08 0.05 0.03 unch 0.05 unch 0.20 + 0.27 + 0.29 unch 0.16 unch 0.11 + 0.08 + 0.35 + 0.24 + 0.32 0.43 0.06 unch 0.07 + 0.59 + 0.74 + 0.14 unch 0.18 unch 0.15 43.46 + 33.94 + 0.52 + 0.66 unch 0.20 unch 0.13 unch 0.03 0.05 + 0.18 + 0.14 + 0.14 unch 1.06 +

High Low

0.00 0.17 0.01 0.01 1.89 0.25 0.01 0.16 0.03 0.02 0.54 0.17 0.02 0.44 0.14 1.17 17.17 5.81 0.03 0.52 0.29 0.01 0.67 0.39 0.00 0.12 0.07 0.02 1.20 0.53 0.02 0.98 0.41 0.04 0.25 0.08 0.00 0.09 0.09 0.01 0.32 0.09 0.00 0.39 0.12 0.00 0.11 0.02 0.01 0.09 0.04 0.00 0.11 0.01 0.11 1.90 0.39 0.04 0.54 0.30 0.27 4.09 2.03 1.73 79.32 44.70 0.00 0.23 0.07 0.03 0.45 0.18 0.03 0.36 0.13 0.01 1.36 0.12 0.00 0.05 0.02 0.02 0.34 0.13 0.01 0.27 0.10 0.01 0.15 0.07 0.01 0.15 0.01 0.01 0.22 0.06 0.00 0.15 0.00 0.00 0.21 0.06 0.00 0.16 0.05 0.00 0.15 0.05 0.06 0.96 0.37 0.55 24.58 14.19 0.57 31.00 18.08 0.00 0.19 0.05 0.00 0.58 0.15 0.01 0.46 0.11 0.11 4.70 0.31 0.09 3.71 0.25 0.10 1.12 0.38 0.02 0.55 0.14 0.00 0.06 0.00 0.04 0.51 0.07 0.03 0.39 0.06 0.00 0.06 0.01 0.02 0.37 0.06 0.00 0.49 0.08 0.00 0.06 0.02 0.03 0.24 0.13 0.04 0.30 0.19 0.03 3.00 0.56 0.02 3.32 0.75 0.01 0.22 0.01 0.01 0.07 0.04 0.01 0.35 0.14 0.01 0.31 0.11 0.02 1.89 0.95 0.01 1.45 0.75 0.05 0.55 0.20 0.02 0.47 0.15 0.00 0.26 0.06 0.05 0.33 0.08 0.03 0.19 0.01 0.00 0.26 0.07 0.04 0.30 0.07 0.01 0.25 0.05 0.02 0.26 0.04 0.00 0.25 0.02 0.00 0.14 0.04 0.02 0.34 0.17 0.04 0.43 0.22 0.00 0.45 0.19 0.00 0.65 0.12 0.04 0.20 0.05 0.03 0.16 0.04 0.01 0.58 0.18 0.01 0.44 0.13 0.02 0.75 0.24 0.02 0.99 0.38 0.00 0.30 0.06 0.01 0.28 0.06 0.14 1.29 0.38 0.17 1.54 0.49 0.00 0.36 0.12 0.00 0.73 0.17 0.01 0.61 0.13 3.68 53.62 21.90 3.12 42.72 17.10 0.01 0.94 0.35 0.00 1.20 0.45 0.00 0.55 0.17 0.00 0.40 0.13 0.00 0.35 0.03 0.01 0.38 0.04 0.01 0.47 0.14 0.02 0.37 0.10 0.00 0.30 0.12 0.16 2.48 0.71

(100s) Stock

Exc Volume

Week High

Low

12-month

Last Change

High Low

T Tajiri Res V Talisker Res T Talisker Res* O Talmora Diamd C Talon Metals T Tanqueray Expl V Tantalex Res C Tanzanian Gold T Tarachi Gold* O Tarachi Gold C Taranis Res V Taranis Res* O Tarku Res V Tarku Res* O Tartisan Nick C Tartisan Nick* O Taseko Mines T Taseko Mines* X TDG Gold V Teck Res T Teck Res* N Teck Res T Tectonic Metal* O Tectonic Metal V Temas Res* O Temas Res C Tembo Gold V Tembo Gold* O Tempus Res V Teras Res V Teras Res* O Terrax Mnrls V Terrax Mnrls* O Terreno Res V Tesoro Mnrls V Teuton Res V Teuton Res* O Texas Mineral* O Themac Res V Thesis Gold V Theta Gold* O Thor Explor V Three Valley V Three Valley* O Thunder Mtn Gd* O Thunder Mtn Gd V Thunderstruck V Thunderstruck* O Tier One Silv V Timberline Res V Timberline Res* O Tinka Res* O Tinka Res V Tintina Mines V Tisdale Res* O Tisdale Res V Titan Mining T Titan Mining* O Titanium Corp V TNR Gold V Tocvan Venture C Tocvan Venture* O TomaGold V Tombill Mines V Tombill Mines* O Tombstone Expl* O Tonogold Res* O Torex Gold* O Torex Gold T Torq Resources* O Torq Resources V Tower Res* O Tower Res V Traction Uran* O Traction Uran C Trailbreaker* O Trailbreaker V Trans Canada V Transatlantic V Transforma Res V Transition Met V Transition Met* O Treasury Metal T Treasury Metal* O Tres-Or Res V Trevali Mining T Tri-River Vent V Trident Gold V Trifecta Gold* O Trifecta Gold V Trillium Gold* O Trillium Gold V Trilogy Mtls T Trilogy Mtls* X TriMetals Mng* O Trinity Res* O Triple Flag T TriStar Gold V TriStar Gold* O Triumph Gold V Triumph Gold* O Troilus Gold* O

195 959 602 10 3986 48 230 428 145 596 7 241 115 150 134 63 1171 5510 318 36 27414 9910 137 526 150 880 14 3 62 1 5 297 246 125 0 204 34 239 0 51 16 221 1042 110 15 0 137 300 276 307 195 241 327 14 3 18 89 0 143 2338 529 70 632 167 134 3 1224 145 1601 8 97 276 671 17 563 31 44 20 79 1 103 53 456 87 1 278 0 0 0 23 35 662 51 1666 137 5 75 78 240 120 145 53

0.03 0.00 0.03 unch 0.00 0.09 0.03 0.15 0.00 0.15 + 0.01 0.36 0.14 0.12 0.11 0.11 - 0.00 0.28 0.11 0.01 0.01 0.01 unch 0.00 0.04 0.01 0.58 0.43 0.57 + 0.13 0.89 0.38 6.00 5.10 5.29 + 0.25 10.93 4.52 0.10 0.00 0.10 + 0.01 0.19 0.05 0.63 0.51 0.59 + 0.08 0.67 0.35 0.06 0.05 0.06 + 0.01 0.20 0.05 0.09 0.07 0.09 + 0.02 0.25 0.06 0.21 0.00 0.21 + 0.01 0.20 0.08 0.16 0.16 0.16 + 0.00 0.16 0.07 0.04 0.00 0.04 unch 0.00 0.10 0.03 0.03 0.03 0.03 - 0.00 4.84 0.01 0.29 0.26 0.27 - 0.02 0.50 0.25 0.22 0.20 0.21 - 0.01 0.44 0.19 1.43 1.24 1.41 + 0.10 3.00 1.15 1.11 0.96 1.11 + 0.10 2.41 0.89 0.16 0.15 0.16 + 0.02 0.75 0.14 39.70 34.30 39.70 + 4.70 62.75 28.70 29.46 25.97 29.39 + 3.36 45.90 19.32 37.71 33.43 37.65 + 4.06 57.50 24.84 0.06 0.04 0.05 + 0.00 0.14 0.03 0.08 0.00 0.07 + 0.01 0.17 0.05 0.06 0.04 0.05 - 0.00 0.35 0.04 0.07 0.06 0.07 unch 0.00 0.45 0.06 0.20 0.00 0.20 unch 0.00 0.36 0.14 0.19 0.16 0.19 unch 0.00 0.24 0.12 0.06 0.05 0.06 + 0.01 0.28 0.05 0.00 0.00 0.03 unch 0.00 0.05 0.02 0.02 0.02 0.02 unch 0.00 0.04 0.02 0.19 0.15 0.18 + 0.02 0.29 0.11 0.15 0.11 0.14 + 0.02 0.24 0.10 0.03 0.00 0.03 unch 0.00 0.05 0.02 0.00 0.00 0.04 unch 0.00 0.06 0.03 1.79 1.49 1.66 + 0.01 2.53 1.07 1.39 1.11 1.28 + 0.03 2.42 0.85 1.97 1.69 1.93 + 0.10 2.55 1.30 0.00 0.00 0.05 unch 0.00 0.10 0.05 1.47 1.24 1.39 + 0.08 3.08 1.10 0.05 0.02 0.02 - 0.03 0.19 0.02 0.25 0.21 0.25 + 0.01 0.36 0.18 0.04 0.00 0.04 + 0.01 0.59 0.03 0.03 0.02 0.03 + 0.00 0.47 0.02 0.10 0.08 0.10 + 0.00 0.19 0.06 0.00 0.00 0.13 unch 0.00 0.19 0.10 0.06 0.00 0.06 - 0.01 0.13 0.06 0.05 0.05 0.05 + 0.01 0.09 0.04 0.39 0.34 0.35 - 0.01 1.38 0.32 0.27 0.00 0.24 + 0.04 0.39 0.15 0.20 0.14 0.19 + 0.03 0.35 0.11 0.13 0.10 0.13 + 0.02 0.19 0.09 0.17 0.14 0.17 + 0.01 0.24 0.12 0.05 0.00 0.04 unch 0.00 0.08 0.03 0.31 0.31 0.31 unch 0.00 0.31 0.20 0.43 0.00 0.40 unch 0.00 0.47 0.02 0.51 0.44 0.48 + 0.01 0.79 0.28 0.00 0.00 0.40 unch 0.00 0.74 0.10 1.30 1.16 1.30 + 0.07 2.00 0.20 0.06 0.00 0.05 + 0.01 0.07 0.04 0.74 0.63 0.68 - 0.07 1.56 0.63 0.59 0.53 0.53 - 0.05 1.18 0.54 0.06 0.00 0.05 - 0.01 0.08 0.05 0.05 0.00 0.04 unch 0.00 0.21 0.04 0.04 0.03 0.04 + 0.00 0.35 0.02 0.70 0.60 0.70 + 0.05 2.39 0.25 0.07 0.06 0.07 - 0.00 0.18 0.05 7.71 6.78 7.62 + 0.57 13.65 6.49 9.98 8.70 9.75 + 0.68 17.43 8.54 0.48 0.44 0.48 + 0.04 0.85 0.41 0.62 0.57 0.60 + 0.05 1.08 0.53 0.17 0.13 0.16 - 0.00 0.31 0.03 0.22 0.17 0.21 + 0.02 0.40 0.04 0.35 0.00 0.32 + 0.02 1.00 0.24 0.42 0.40 0.42 + 0.04 1.08 0.20 0.12 0.01 0.11 + 0.10 0.38 0.01 0.16 0.00 0.15 + 0.01 0.49 0.13 0.05 0.00 0.05 - 0.01 0.17 0.04 0.02 0.00 0.02 unch 0.00 0.05 0.01 0.05 0.00 0.05 + 0.01 0.20 0.05 0.11 0.00 0.11 unch 0.00 0.22 0.09 0.10 0.08 0.10 + 0.00 0.20 0.07 0.42 0.32 0.41 + 0.07 0.90 0.32 0.34 0.24 0.32 + 0.06 0.80 0.24 0.06 0.00 0.06 - 0.02 0.12 0.06 0.46 0.39 0.44 - 0.02 2.70 0.39 0.00 0.00 0.04 unch 0.00 0.04 0.04 0.00 0.00 0.16 unch 0.00 0.18 0.09 0.00 0.00 0.04 unch 0.00 0.24 0.02 0.07 0.00 0.06 unch 0.00 0.10 0.05 0.19 0.17 0.18 + 0.01 0.83 0.17 0.25 0.22 0.23 - 0.01 1.03 0.22 0.87 0.78 0.86 + 0.01 2.91 0.78 0.67 0.61 0.66 + 0.02 2.36 0.61 0.14 0.13 0.13 - 0.02 0.21 0.11 0.16 0.00 0.16 unch 0.00 0.75 0.00 15.14 13.24 15.04 + 0.66 20.83 10.50 0.15 0.14 0.15 + 0.01 0.31 0.12 0.12 0.10 0.12 + 0.00 0.25 0.09 0.06 0.00 0.06 + 0.01 0.19 0.05 0.06 0.04 0.05 - 0.00 0.14 0.04 0.40 0.37 0.38 - 0.03 0.74 0.32

(100s) Stock

Week

Exc Volume

Troilus Gold Troubadour Res TRU Precious TRU Precious* True North Gem TRX Gold* Tsodilo Res Tudor Gold * Tudor Gold Turmalina Met* Turmalina Met Turquoise HIl* Turquoise HIl TVI Pacific TVI Pacific* Tymbal Res

T V V O V X V O V O V N T V O V

650 1 188 58 0 4968 119 136 405 88 133 2581 1113 358 143 0

U.S. Gold* D U3O8 Corp V Ubique Mineral C Ucore Rare Mtl V Ucore Rare Mtl* O UEX Corp T Ultra Resource* O Ultra Resource V Umbral Enrgy* O Unigold* O Unigold V United Battery* O United Battery C United Res Hdg* O United States A* X United States S* N Universal Cop* O Universal Cop V Universal Vent V Ur-Energy* X Ur-Energy T Uragold Bay Rs V Uranium Energy* X Uranium Hunter* O Uranium Res* X Uranium Roylty V Uranium Roylty* D Uravan Mnrls V USCorp* O Usha Res* O Usha Res V Val-d’Or Mg V Val-d’Or Mg* O Vale* N ValOre Metals* O ValOre Metals V Valorem Res C Valterra Res V Vanadian Enrgy* O Vanadian Enrgy V Vanadiumcorp V Vanstar Mng Rs* O Vanstar Mng Rs V Vantex Res V Vatic Vent V Velocity Mnrls V Velocity Mnrls* O Vendetta Mng* O Vendetta Mng V Venerable Vent V Venture Mnrls* O Verde Potash T Verde Res* O Vertical Expl* O Vertical Expl V Victoria Gold* O Victoria Gold T Victory Res* O Victory Res C Virginia Enrgy* O Virginia Enrgy V Viscount Mng V Visible Gold M V Vision Lithium* O Vision Lithium V Visionary Gold V Vista Gold T Vista Gold* X Viva Gold* O Viva Gold V Vizsla Copper V Vizsla Silver V Volatus Cap C Volcanic Gold* O Volcanic Gold V Volt Carbon* O Volt Carbon V Voyager Metals V Voyager Metals* O Voyageur Min V Voyageur Min C Voyageur Min* O VR Resources* O VR Resources V Vulcan Mnrls* O

114 78 10 162 234 29108 47 315 58 142 741 211 138 348 1460 62170 7 540 1 11251 610 693 47646 416 1601 596 2159 3 690 3 16 179 45 159467 96 268 100 11 14 8 179 15 176 0 29 49 1 5 580 0 50 538 179 26 1263 104 1305 235 400 33 53 380 38 209 1307 18 6 1016 152 233 367 661 2409 106 130 17 29 376 173 200 100 99 337 1048 230

High

Low

12-month

Last Change

0.52 0.47 0.49 0.00 0.00 0.08 unch 0.10 0.00 0.10 + 0.08 0.07 0.08 + 0.00 0.00 0.08 unch 0.49 0.38 0.46 + 0.40 0.00 0.37 1.42 1.12 1.12 1.72 1.63 1.67 0.31 0.22 0.31 + 0.41 0.27 0.41 + 26.36 24.92 26.14 + 33.82 32.01 33.49 + 0.03 0.00 0.03 + 0.03 0.02 0.02 + 0.00 0.00 0.01 unch

High Low

0.03 0.93 0.43 0.00 0.25 0.08 0.02 0.25 0.08 0.01 0.21 0.06 0.00 0.11 0.06 0.07 0.53 0.26 0.13 1.26 0.29 0.17 2.26 0.75 0.03 2.70 1.14 0.08 0.77 0.21 0.12 0.98 0.27 1.47 31.05 9.75 1.64 38.92 12.15 0.01 0.05 0.02 0.00 0.04 0.02 0.00 0.02 0.01

U-V 4.20 0.21 0.13 0.88 0.68 0.48 0.13 0.16 0.03 0.05 0.08 0.18 0.22 0.07 0.49 23.79 0.04 0.04 3.45 1.25 1.60 0.33 4.25 0.02 1.24 3.87 3.03 0.13 0.02 0.23 0.30 0.09 0.06 13.90 0.31 0.40 0.49 0.02 0.02 0.03 0.10 0.27 0.33 0.00 0.20 0.25 0.19 0.04 0.04 0.00 0.02 8.85 0.13 0.08 0.16 8.00 10.30 0.03 0.03 0.31 0.40 0.30 0.08 0.06 0.08 0.07 0.82 0.66 0.08 0.10 0.14 1.65 0.09 0.19 0.26 0.07 0.09 0.19 0.14 0.09 0.28 0.08 0.13 0.17 0.42

3.73 0.15 0.13 0.64 0.48 0.35 0.12 0.15 0.03 0.05 0.00 0.14 0.19 0.05 0.42 19.95 0.03 0.04 0.00 1.02 1.33 0.26 3.24 0.02 1.08 2.91 2.25 0.00 0.01 0.23 0.00 0.00 0.06 12.90 0.25 0.32 0.24 0.00 0.00 0.00 0.08 0.23 0.00 0.00 0.00 0.00 0.19 0.04 0.04 0.00 0.02 7.51 0.10 0.08 0.11 6.70 8.97 0.02 0.00 0.24 0.31 0.23 0.00 0.05 0.07 0.00 0.00 0.54 0.07 0.00 0.09 1.25 0.06 0.18 0.00 0.04 0.00 0.14 0.11 0.00 0.28 0.07 0.10 0.13 0.30

4.15 + 0.20 + 0.13 unch 0.78 + 0.61 + 0.48 + 0.12 0.15 0.03 0.05 0.08 + 0.16 + 0.20 + 0.07 + 0.46 + 23.65 + 0.04 + 0.04 3.40 1.19 + 1.54 + 0.31 + 4.20 + 0.02 1.23 + 3.74 + 2.91 + 0.13 unch 0.01 + 0.23 0.30 + 0.09 + 0.06 unch 13.46 + 0.30 + 0.39 + 0.40 + 0.02 unch 0.02 + 0.03 + 0.10 0.25 + 0.32 + 0.16 unch 0.17 + 0.23 0.19 unch 0.04 unch 0.04 unch 0.12 unch 0.02 unch 8.70 + 0.11 0.08 + 0.12 7.96 + 10.19 + 0.02 0.03 + 0.31 + 0.34 + 0.30 + 0.07 0.05 0.08 unch 0.07 + 0.82 + 0.66 + 0.08 + 0.10 + 0.09 + 1.57 + 0.06 0.18 0.24 0.06 0.08 0.18 + 0.11 0.09 unch 0.28 unch 0.08 0.11 0.15 0.42 +

0.37 11.63 3.50 0.02 0.70 0.11 0.00 0.15 0.06 0.10 1.25 0.53 0.09 0.99 0.40 0.14 0.60 0.24 0.00 0.34 0.11 0.01 0.45 0.13 0.00 0.12 0.01 0.00 0.12 0.05 0.01 0.15 0.06 0.01 0.84 0.06 0.01 0.92 0.17 0.01 0.25 0.01 0.02 1.15 0.34 3.89 39.25 16.41 0.01 0.15 0.01 0.01 0.15 0.04 0.48 8.25 2.60 0.15 2.15 0.95 0.18 2.72 1.26 0.02 0.83 0.26 0.97 6.60 1.94 0.00 0.04 0.01 0.08 4.43 1.00 0.75 7.31 2.76 0.63 5.95 2.10 0.00 0.65 0.11 0.00 0.05 0.00 0.00 0.34 0.19 0.01 0.40 0.25 0.01 0.21 0.07 0.00 0.29 0.03 0.87 23.15 11.16 0.04 0.50 0.17 0.05 0.63 0.22 0.19 6.13 0.21 0.00 0.05 0.02 0.01 0.10 0.01 0.01 0.13 0.02 0.01 0.65 0.08 0.00 0.45 0.22 0.01 0.57 0.30 0.00 0.26 0.16 0.01 0.31 0.15 0.02 0.48 0.25 0.00 0.40 0.18 0.00 0.07 0.01 0.00 0.08 0.04 0.00 0.12 0.12 0.00 0.09 0.02 1.02 11.54 1.04 0.03 0.27 0.03 0.00 0.14 0.06 0.01 0.20 0.04 0.81 16.22 6.32 0.96 19.90 8.26 0.00 0.11 0.02 0.01 0.14 0.03 0.07 0.79 0.14 0.03 0.98 0.18 0.03 0.50 0.23 0.01 0.21 0.07 0.00 0.27 0.05 0.00 0.34 0.07 0.01 0.21 0.05 0.02 1.39 0.68 0.06 1.12 0.52 0.01 0.18 0.06 0.02 0.22 0.08 0.01 0.70 0.07 0.28 3.45 1.19 0.03 0.17 0.02 0.01 0.52 0.03 0.02 0.67 0.21 0.01 0.16 0.04 0.01 0.19 0.07 0.06 0.27 0.10 0.02 0.25 0.00 0.00 0.20 0.08 0.00 0.50 0.28 0.00 0.15 0.03 0.02 0.40 0.08 0.02 0.51 0.11 0.09 0.42 0.10

(100s) Stock

Vulcan Mnrls VVC Expl VVC Expl*

Exc Volume

V V O

650 918 609

Walker River V Walker River* O Wallbridge Mng* O Wallbridge Mng T Waraba Gold C Warrior Gold* O Warrior Gold V Waseco Res V Wealth Mnrls V Wealth Mnrls* O Wedgemount Res C Wescan Gldflds V Wesdome Gold* O Wesdome Gold T West High Yld V West Mining* O West Mining C West Red Lake* O West Red Lake C West Vault V Western Alaska V Western Atlas V Western Copper T Western Copper* X Western Gold V Western Mag* O Western Mag V Western Potash T Western Troy C V Western U&V C Western U&V* O Westgold Res* O Westhaven Gold V Westhaven Gold* O Westkam Gold* O Westkam Gold V Westminster Rs V Westward Gold C Wheaton Prec T Wheaton Prec* N White Energy* O White Gold* O White Gold V White Metal R* O White Metal Rs V White Mtn Engy* O Whitehaven Coa* O Whitehorse GC V Wildsky Res* O Wildsky Res V Winshear Gold V Winshear Gold* O Winston Gold C Winston Gold* O Winston Res C Wolfden Res* O Wolfden Res V Wolfeye Res V World Copper V Worldwide Res V X-Terra Res V X-Terra Res* O Xanadu Mines T Xander Res V Xander Res* O Ximen Mining* O Ximen Mining V Xplore Res V Xtierra Inc V Xtra-Gold Res* O Xtra-Gold Res T Yamana Gold T Yamana Gold* N Yanzhou Coal* O Yorbeau Res* O Yorbeau Res T York Harbour V York Harbour* O Zacatecas Silv V Zacatecas Silv* O ZEB Nickel V Zena Mining V Zephyr Mnls V Zephyr Mnls* O Zimtu Capital V Zincore Mtls V ZincX Res V ZincX Res* O Zonte Metals V

144 1900 2159 12086 200 25 33 0 252 617 3 97 257 2090 132 134 186 48 302 61 163 186 508 799 0 1255 342 20 0 316 145 2 423 157 1 2484 23 636 4803 14856 80 46 82 64 299 738 254 62 9 16 0 8 227 939 31084 5 68 180 104 0 53 10 430 67 14 6 327 2 15 23 27 10793 89773 1 50 945 142 18 386 128 17 23 66 6 100 153 65 151 26

Week High

0.48 0.15 0.12

Low

12-month

Last Change

0.38 0.46 0.11 0.14 0.09 0.12

23

+ + +

0.07 0.04 0.03

High Low

0.45 0.17 0.30 0.07 0.50 0.05

W-Z 0.29 0.20 0.29 + 0.05 0.84 0.20 0.03 0.03 0.03 - 0.16 0.84 0.07 0.15 0.10 0.15 + 0.03 0.57 0.10 0.20 0.13 0.20 + 0.05 0.67 0.13 0.10 0.10 0.10 unch 0.00 0.20 0.01 0.03 0.03 0.03 unch 0.00 0.07 0.01 0.05 0.00 0.05 unch 0.00 0.09 0.04 0.00 0.00 0.02 unch 0.00 0.05 0.02 0.32 0.28 0.31 - 0.01 0.70 0.21 0.25 0.22 0.24 - 0.01 0.56 0.16 0.07 0.07 0.07 unch 0.00 0.65 0.07 0.06 0.00 0.06 unch 0.00 0.12 0.04 8.18 7.02 8.03 + 0.78 13.23 6.78 10.49 9.02 10.30 + 0.95 16.77 8.82 0.34 0.30 0.33 - 0.01 1.22 0.25 0.04 0.03 0.04 + 0.01 0.17 0.03 0.05 0.04 0.04 - 0.01 0.19 0.04 0.04 0.03 0.03 - 0.00 0.07 0.03 0.04 0.04 0.04 - 0.01 0.08 0.04 1.09 1.00 1.09 + 0.11 1.49 0.90 5.11 3.95 5.05 + 0.80 4.35 0.70 0.05 0.00 0.05 + 0.01 0.13 0.05 1.82 1.56 1.82 + 0.17 3.00 1.56 1.42 1.21 1.41 + 0.13 2.40 1.21 0.00 0.00 0.15 unch 0.00 0.30 0.12 0.14 0.12 0.12 + 0.00 0.76 0.12 0.17 0.16 0.16 unch 0.00 0.96 0.16 0.25 0.00 0.25 - 0.02 0.48 0.15 0.00 0.00 0.05 unch 0.00 0.23 0.05 1.70 1.24 1.68 + 0.41 4.18 1.01 1.25 0.98 1.22 + 0.23 3.28 0.80 0.93 0.00 0.93 + 0.11 1.74 0.77 0.40 0.36 0.39 + 0.01 0.75 0.32 0.31 0.28 0.31 + 0.00 0.60 0.25 0.15 0.00 0.12 + 0.05 0.15 0.07 0.16 0.14 0.16 + 0.02 0.20 0.09 0.07 0.00 0.07 unch 0.00 0.33 0.06 0.10 0.08 0.10 + 0.01 0.20 0.07 44.17 40.52 43.94 + 1.97 65.45 40.52 34.44 31.56 34.30 + 1.80 51.91 31.56 0.01 0.01 0.01 unch 0.00 0.12 0.00 0.32 0.29 0.31 + 0.02 0.66 0.26 0.41 0.00 0.40 + 0.02 0.85 0.36 0.05 0.05 0.05 unch 0.00 0.11 0.01 0.08 0.00 0.08 + 0.01 0.12 0.04 0.01 0.01 0.01 unch 0.00 0.05 0.01 4.53 4.20 4.44 + 0.19 4.57 1.51 0.50 0.48 0.49 - 0.03 1.42 0.42 0.13 0.00 0.13 + 0.06 0.25 0.01 0.20 0.00 0.20 unch 0.00 0.24 0.11 0.00 0.00 0.07 unch 0.00 0.12 0.05 0.03 0.03 0.03 unch 0.00 0.11 0.03 0.03 0.00 0.03 + 0.01 0.07 0.02 0.02 0.02 0.02 + 0.00 0.07 0.02 0.07 0.03 0.05 + 0.02 0.61 0.03 0.16 0.16 0.16 unch 0.00 0.28 0.00 0.22 0.00 0.22 + 0.01 0.29 0.15 0.14 0.13 0.14 - 0.01 0.59 0.12 0.31 0.28 0.29 - 0.02 1.05 0.26 0.00 0.00 0.04 unch 0.00 0.07 0.04 0.02 0.00 0.02 unch 0.00 0.09 0.02 0.02 0.02 0.02 unch 0.00 0.07 0.01 0.03 0.00 0.03 + 0.01 0.05 0.02 0.07 0.06 0.06 - 0.01 0.23 0.06 0.05 0.05 0.05 + 0.00 0.18 0.04 0.09 0.00 0.08 + 0.00 0.24 0.07 0.12 0.00 0.11 + 0.01 0.30 0.09 0.06 0.00 0.06 + 0.01 0.09 0.04 0.03 0.00 0.03 unch 0.00 0.07 0.02 0.72 0.70 0.71 + 0.00 0.98 0.65 0.96 0.00 0.96 + 0.06 1.22 0.84 6.22 5.77 6.12 + 0.16 8.05 4.78 4.85 4.48 4.78 + 0.17 6.40 3.70 2.82 2.82 2.82 unch 0.00 3.52 1.35 0.03 0.03 0.03 unch 0.00 0.05 0.03 0.04 0.00 0.04 unch 0.00 0.07 0.03 0.84 0.74 0.84 + 0.07 1.49 0.31 0.62 0.55 0.61 + 0.03 1.25 0.03 0.52 0.44 0.52 - 0.04 1.33 0.44 0.42 0.34 0.42 - 0.01 2.02 0.34 0.16 0.00 0.15 + 0.01 0.75 0.12 0.15 0.00 0.13 - 0.02 0.20 0.08 0.14 0.00 0.13 - 0.01 0.18 0.12 0.12 0.10 0.11 - 0.01 0.14 0.10 0.14 0.00 0.14 + 0.02 0.30 0.10 0.01 0.00 0.01 unch 0.00 0.05 0.01 0.11 0.00 0.11 unch 0.00 0.18 0.10 0.09 0.09 0.09 - 0.00 0.14 0.08 0.14 0.00 0.12 - 0.02 0.24 0.11

BID-ASK — JULY 25 –29, 2022 12-MONTH STOCK

1111 Explor 79 Resources Aftermath Silv Alacer Gold Amilot Capital Aquila Res Archer Explor Arctic Fox Ven Arcturus Vent Ashanti Sanko Atlanta Gold AUQ Gold Aurelius Min Aurex Energy Aust Goldfield Avarone Metals Aya Gold Baden Res Banro Corp* Boss Power Brunswick Res Bullion Gold Burrell Res C2C Gold Cache Explor Cadillac Vent Canamera Energ Cerro de Pasc Cirrus Gold Cliffs Nat Res* Colibri Res Corvus Gold* Crystal Peak EEE Explor Electra Stone Equitorial Ex Everton Res Evolution Glob Evolving Gold Excalibur Res Exploits Disc Explorex Res Finore Mng GAR Limited General Moly*

EXC

BID

C C V T V T C C V V V V V V C C T C X V V V C C V V C C C N V D V C V V V C C C C C C C X

0.06 0.04 0.24 9.41 ... ...

0.15 0.13 0.02 0.03 0.03 0.33 0.13 0.04 ... ...

1.94 0.12 0.11 0.17 ...

0.06 0.24 ...

0.16 0.05 0.21 ...

0.20 1.45 ... ...

0.01 0.09 0.01 0.08 0.10 0.50 0.30 0.09 ... ...

0.12 ... ...

ASK

0.09 0.05 0.25 9.52 ... ...

0.60 0.25 0.03 0.03 0.04 0.40 0.14 0.06 ... ...

2.19 0.23 0.11 0.20 0.05 0.15 0.50 ...

0.17 0.06 ... ...

0.35 3.20 ... ...

0.02 0.17 0.02 0.08 0.10 4.00 0.59 0.10 ...

6.50 0.12 ... ...

LAST

HIGH

0.06 0.15 0.04 0.14 0.25 0.33 9.47 10.82 0.04 0.08 0.09 0.14 0.27 1.25 0.13 0.20 0.03 0.03 0.03 0.03 0.04 0.40 0.14 0.15 0.05 0.47 0.47 0.04 0.15 2.01 2.50 0.20 0.23 0.11 2.10 0.17 0.03 0.10 0.28 0.23 0.50 0.11 0.15 0.16 0.05 0.08 0.34 0.50 0.29 0.34 0.30 0.30 1.43 7.17 0.07 0.13 3.21 3.30 0.01 0.10 0.09 0.25 0.01 0.08 0.03 2.00 0.35 0.69 0.10 0.11 0.59 0.62 2.85 9.00 0.11 0.15 4.13 0.11 100.00

12-MONTH

LOW

STOCK

0.05 0.04 0.05 3.50 0.04 0.06 0.13 0.12

Genius Metals Gespeg Res Gldn Predator Global Cop Grp Gold Port Goldbelt Emp Goldblock Cap Golden Cariboo GoldHaven Res Goldshore Res Green Arrow Handa Mining Highvista Gold Indico Res Inspiration Mg Intercontinent Intl Battery Intl Cobalt Iron South Mng K9 Gold Karora Res KGL Resources Kirkland Lake* Kodiak Copper Kootenay Zinc La Imperial Latin Metals Leo Res Lida Resources Lithium South Lovitt Res MAG Silver* MaxTech Vent Mechel* Meryllion Res Metalo Manuf MGX Minerals Mich Resources Minecorp Egy Mongoose Mg Montana Gold Montego Res Navis Res Corp New Klondike Nexco Res

0.02 0.03 0.03 0.42 0.03 0.82 0.12 0.10 0.01 0.20 0.03 0.05 0.32 0.12 0.12 0.98 0.07 2.96 0.01 0.08

0.34 0.01 0.13 2.85 0.13 0.10

EXC

C V V V C V C V C V V V V V C V C C V V T V N V C C V C C V V X C N C C C C V C C C C V C

BID

...

0.06 0.15 0.07 0.08 0.02 ...

0.10 ... ...

0.02 0.04 ... ... ... ... ...

0.20 0.24 0.17 0.47 ... ...

0.05 0.01 0.04 0.03 ... ...

0.31 ...

12.52 0.03 ... ...

0.13 0.05 0.37 ...

0.18 0.09 0.01 ...

0.01 ...

ASK

...

0.06 0.17 0.08 0.09 0.02 ...

0.12 ...

375.00 0.03 0.05 ...

0.01 ... ... ...

0.25 0.27 0.24 0.48 ... ...

0.06 0.02 0.05 0.04 ... ...

0.34 ...

13.30 0.04 ... ...

0.30 0.05 0.50 ...

0.19 0.10 0.02 ...

0.01 ...

LAST

12-MONTH

HIGH

LOW

STOCK

0.22 0.28 0.06 0.16 0.36 0.08 0.11 0.08 0.14 0.02 0.02 0.32 0.32 0.10 0.15 0.42 0.45 0.11 1.20 0.02 0.04 0.04 0.17 0.01 0.03 0.09 0.17 0.31 0.26 0.30 0.24 0.28 0.24 0.28 0.48 0.73 0.16 0.20 38.92 46.98 0.05 0.13 0.02 0.13 0.04 0.10 0.03 0.16 1.09 0.24 0.27 0.31 0.66 0.13 0.24 12.52 14.40 0.03 0.40 2.25 5.19 0.08 0.17 0.12 0.69 0.05 0.16 0.37 0.38 0.12 0.20 0.18 0.50 0.10 0.10 0.01 0.05 0.30 0.01 0.30

0.19

O2Gold Orocobre Otso Gold Pasinex Res Patriot Batt Phenom Res Pivit Explor Primary Energy Prospero Silvr QNB Metals Quaterra Res Quinto Res Raindrop Vent Rare Element* Razore Rock Res Reliant Gold Rockex Mng Rockland Mnls Samco Gold Sierra Grande Silver Phoenix Southern Arc Southstone Min Sphinx Res Standard Lith Supernova Met Tiger Intl Trench Metals TriMetals Mng Trinity Valley Ubique Mineral Vale* ValOre Metals Victory Nickel Voyageur Min Waraba Gold Wedgemount Res West Oak Gold Whitemud Res Winshear Gold Xiana Mng Zara Res Zinc One Res Zinco Mng

0.12 0.04 0.08 0.02 0.26 0.02 0.06 0.48 0.02

0.09 0.24 0.04 0.16 0.20 0.10 31.72 0.04 0.01 0.03 0.02 0.13 0.24 0.09 6.12 0.02 1.88 0.05 0.08 0.04 0.37 0.07 0.13 0.02 0.01

EXC

BID

V T V C V V C C V C V V C X C C C V V C C V V V V V V V T V C N V C C C C C V V V C V V

0.23 ...

0.04 0.02 0.09 0.68 0.05 ...

0.55 0.06 0.15 0.05 0.25 0.11 0.08 ...

0.03 0.07 ...

0.15 0.30 0.32 0.01 0.01 6.65 0.05 ...

0.55 0.11 ...

0.10 ...

0.06 0.02 0.28 ...

0.07 0.06 0.01 0.12 0.07 ... ...

0.05

ASK

0.27 ...

0.04 0.03 0.10 0.71 0.08 ...

1.18 0.17 0.17 0.07 0.25 0.16 0.15 0.10 0.04 0.08 ...

0.30 0.38 0.90 0.01 0.01 6.95 0.06 0.17 0.55 0.12 ...

0.13 ...

0.07 0.03 0.35 0.12 0.14 0.10 0.02 0.14 0.08 ... ...

0.07

LAST

HIGH

LOW

0.23 0.37 8.28 9.30 0.04 0.09 0.03 0.07 0.10 0.18 0.69 0.76 0.07 0.35 0.17 0.82 0.56 1.35 0.12 0.25 0.16 0.30 0.08 0.26 1.00 0.15 0.89 0.08 0.16 0.02 0.03 0.05 0.08 0.11 0.05 0.05 0.17 0.70 0.31 0.59 0.89 0.93 0.01 0.04 0.01 0.02 6.95 6.95 0.06 0.15 0.15 0.55 0.22 0.12 0.12 0.04 0.14 0.13 0.15 10.24 11.10 0.07 0.13 0.02 0.04 0.28 0.50 0.10 0.20 0.07 0.65 0.10 0.19 0.02 0.03 0.14 0.15 0.08 0.07 0.22 0.67 0.88 0.05

0.06 3.89 0.03 0.02 0.08 0.24 0.03 0.16 0.51 0.05 0.06 0.26 0.06 0.08 0.03 0.01 0.05 0.15 0.23 0.24 0.01 0.01 1.02 0.07 0.04 0.03 0.04 0.06 6.57 0.07 0.01 0.28 0.01 0.07 0.10 0.01 0.05 0.07 0.40

24

AUGUST 8 — 21, 2022 / THE NORTHERN MINER

WWW.NORTHERNMINER.COM

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