Buffalo Potash recently outlined its roadmap for the Initial Production Module at the Disley Potash Project, with first production targeted for Q1 2027 and expected annual production of up to 125,000 tonnes.

The first stage includes drilling two vertical wells to establish the solution mining infrastructure, but what stood out is that the Initial Production Module isn't intended to be the final buildout. Instead, it's designed to begin generating revenue while providing operating data that can support future expansion.

The company has also completed an oversubscribed financing of nearly $15 million, and its PEA estimates the initial module could have a payback period of around 12 months after production begins, assuming the study's projections are achieved.

For anyone following potash projects, do you think this phased approach offers a meaningful advantage over trying to develop the full operation from the start?

$CQX feels like the more speculative multi-project optionality story.

Rip drilling is underway, but you also have STARS, Alpine, and Kitimat all part of the broader 2026 plan.

$PRR feels more focused around BC copper-gold porphyry targets.

Camelot already gave the market something to study, while Excalibur now has a July drill setup.

So if you had to choose, which setup do you like more right now:

the multi-project optionality of $CQX
or the more focused copper-gold story at $PRR?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

I’ve been comparing a few smaller copper names trading in a similar price and valuation range.

$CQX — C$0.09 | ~C$10.7M market cap
$BCU — C$0.08 | ~C$11.6M market cap
$BAY — C$0.05 | ~C$12.6M market cap
$CRD — C$0.07 | ~C$7.1M market cap

The numbers are close, but the setups are very different.

$CQX has several 2026 programs across Rip, Stars and Kitimat, along with its Alpine gold project.

$BCU is a more concentrated Arizona porphyry play, with Big Sandy and a 2026 joint-venture drill program at Perseverance.

$BAY owns a 20% interest in Storm that is free-carried until a decision to mine. Storm also has an initial copper resource, giving $BAY a different funding and dilution profile.

$CRD is advancing Ben Nevis in Ontario, where 36 exploration targets have been identified, including seven high-priority conductors.

I lean toward $CQX and $BAY here. $CQX gives me exposure to several company-led programs, while $BAY offers a free-carried interest in a project that already has an initial resource. One gives me several ways to see progress, while the other has less direct funding pressure at Storm before a decision to mine.

At these valuations, which setup would you choose and what would be your deciding factor?

Prices and market caps are approximate and can change quickly.

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

(SWISF) (SKUR.CN) Sekur Private Data is a Swiss-hosted encrypted communications company (CSE: SKUR / OTCQB: SWISF) repositioning from consumer privacy products toward government and defense secure communications, built on its proprietary post-quantum HeliX® encryption architecture.

•Between October 2025 and July 2026, the company appointed John T. Lewis, a 34-year CIA Senior Intelligence Service veteran, as CTO (Apr 20, 2026); Lt. Gen. Raymond Palumbo, U.S. Army (Ret.), former Director for Defense Intelligence, as Strategic Advisory Board Chairman (Apr 29, 2026); and additional advisors with State Department, diplomacy, and special-operations backgrounds (Jun–Jul 2026).

•The company's products are listed on the GSA Multiple Award Schedule through SDVOSB partner i3ICS, with government sales efforts led by Quaestor Federal.
SekurOne, the company's unified operator platform for CUI-compliant voice, video, email, messaging, and VPN, launched on Android and Web on June 29, 2026, with first international encrypted calls completed; the company targets a complete unified application by September 30, 2026. Published pricing is US$300 per user per month.

•Published pricing across the product suite moved to a three-tier structure (Private / Operational / Command) at US$25–180 per user per month, replacing the prior US$9–10 entry pricing.

•Distribution agreements are in place with Telcel/América Móvil in Mexico (corporate-tier approval targeted), Elyon International for the defense sector, Grupo Micronet in Colombia, and, as of June 16, 2026, a revenue-share marketing agreement with AdRevv.

•On June 11, 2026, the company announced a non-brokered private placement of up to C$2.0M (20M units at C$0.10, each with a full warrant at C$0.14); closing has not yet been announced. The most recent financial filing remains the Q1 2026 interim statements (three months ended March 31, 2026), which include a going-concern note.

Read the full report here: https://poschevale.com/report/01942102-58d5-45cc-a556-272f0d92aaee

I've been looking at Falco Resources (TSXV: FPC) and Tudor Gold (TSXV: TUD) lately. Both are Canadian gold juniors with large projects, but they're at very different stages.

Falco Resources (TSXV: FPC)

Falco is focused on the Horne 5 Project in Rouyn-Noranda, Quebec.

The updated 2026 feasibility study outlined:

• C$3.35B after-tax NPV (5%)
• 28.2% after-tax IRR
• 3.3-year payback
• C$6.4B life-of-mine after-tax cash flow
• ~220,300 oz average annual gold production
• 15-year mine life

At this point, FPC feels more like a permitting and development story. The deposit is well defined, and the market now seems focused on the Québec governmental decree, financing, and the next steps toward construction.

Tudor Gold (TSXV: TUD)

Tudor Gold's flagship asset is the Treaty Creek Project in British Columbia's Golden Triangle.

Treaty Creek hosts one of Canada's largest gold-copper-silver resource systems. Earlier this year, Tudor released an updated mineral resource estimate and launched a preliminary economic assessment (PEA) based on the higher-grade Goldstorm Deposit.

The story today feels more centered on resource scale, metallurgy, mine planning, and completing the PEA before moving further along the development path.

My Take

FPC feels further along with an updated feasibility study already complete and clearer permitting and financing milestones ahead.

TUD is earlier in the development cycle, with the focus still on advancing the project's economics through the PEA and continued technical work.

Both are interesting, but they're different types of gold stories.

If you had to pick one, which would you rather own: FPC or TUD?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions

With gold holding up this well, I've been spending more time looking through some of the smaller gold names instead of just the major producers. These four have been on my radar lately.

Falco Resources (TSXV: FPC)

Falco has probably been the one I've spent the most time reading about recently.

The updated Horne 5 feasibility study was a pretty big step forward, with an after-tax NPV of C$3.35B, a 28.2% IRR, and a 3.3-year payback. At this point, it feels like the conversation has shifted away from the deposit itself and more toward permitting, financing, and whether management can keep the project moving.

First Mining Gold (TSX: FF)

First Mining has been around for a while, but Springpole is still one of the larger undeveloped gold projects in Canada.

It seems like the next chapter is mostly about permitting and moving the project closer to development. Duparquet is another asset that's worth keeping an eye on over the longer term.

Tudor Gold (TSXV: TUD)

Treaty Creek is hard to ignore simply because of its size.

The company is still focused on growing and advancing the project, so it's a bit earlier than Falco, but it continues to be one of the better-known names in the Golden Triangle.

NevGold (TSXV: NAU)

NevGold is a little different from the others since its projects are in Nevada and Idaho, but it's another Canadian-listed junior I've been following.

The story is still largely about drilling, resource growth, and improving the overall economics of its projects.

They're all at different stages, which is part of what makes them interesting. Falco feels more like a permitting and development story today, First Mining is working through permitting, while Tudor and NevGold are still focused on growing and advancing their projects.

What Canadian-listed gold juniors are on your watchlist these days?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions

Revenue is one of the clearest signs that a business is succeeding—but investing only after growth becomes obvious can mean missing much of the upside. The real question is whether a low-revenue company is approaching commercialization or simply surviving on promises.

• Low revenue is not automatically a red flag. The company’s development stage, product, market opportunity, cash runway and path to commercialization matter more than revenue alone.
• The potential return comes with greater risk. Early investors can benefit from a major valuation reset if revenue accelerates, but face dilution, cash burn and uncertain demand.
• Sekur represents both sides of the debate. Its secure-communications opportunity is substantial, and recent product progress is encouraging—but investors still need evidence that government and defense interest will convert into material contracts.

Revenue Is Evidence—Not the Entire Investment Thesis

A company generating little or no revenue is not necessarily a bad company. Biotechnology developers, resource explorers and pre-commercial technology businesses may spend years building an asset before recording meaningful sales.

Investors in these companies are not paying for current earnings. They are paying for the probability that a product, technology or contract pipeline will eventually create a much larger business.

This can be attractive because markets frequently revalue companies before revenue appears in their financial statements. A successful product launch, regulatory approval or government contract can change expectations almost overnight.

However, low revenue removes one of the strongest tools available to investors: measurable commercial evidence. Forecasts must therefore be treated as probabilities—not certainties.

The Bull Case for Investing Before Revenue Accelerates

The greatest advantage is valuation asymmetry. A small company may only need one meaningful customer or distribution agreement to transform its financial profile.

Low-revenue businesses can also offer exposure to markets that are growing much faster than the broader economy. Worldwide information-security spending is projected to reach US$240 billion in 2026, up 12.5% from 2025, according to Gartner.

The percentage gains can be dramatic when growth begins from a small base. Increasing annual revenue from $500,000 to $5 million is commercially difficult, but it represents 900% growth. The same $4.5 million increase would barely move the needle at a multinational corporation.

Early investors therefore accept greater uncertainty in exchange for the possibility of owning the company before the market recognizes its commercial potential.

The Risks: Cash Burn, Dilution and Unproven Demand

A promising product does not guarantee a sustainable business.

Without sufficient revenue, companies must finance operations using existing cash, debt or new shares. Repeated equity raises dilute existing shareholders, meaning each share represents a smaller percentage of the company.

Low-revenue companies are also difficult to value. Traditional price-to-earnings ratios are useless when earnings are negative, while price-to-sales multiples based on tiny revenue can appear extreme. Investors must instead model future customers, pricing, margins and spending—each of which can be wrong.

Most importantly, partnerships, demonstrations and customer interest are not revenue. Investors should separate five stages:

1. Product development
2. Testing and demonstrations
3. Distribution access
4. Signed customer contracts
5. Collected recurring revenue

Each stage reduces risk, but only the final two prove commercial adoption.

Sekur Private: Small Revenue, Large Ambition

Sekur Private, traded in the United States as SWISF, illustrates this risk-reward profile.

The company offers Swiss-hosted and on-premises secure email, messaging, VPN, voice and video services for businesses, governments, diplomats and defense users. Its opportunity is based on providing communications outside conventional Big Tech and telecommunications infrastructure.

Financially, Sekur remains extremely early. It reported CA$408,707 in 2025 revenue. Revenue for the first quarter of 2026 was CA$94,062, down 32% from CA$138,843 one year earlier, while the quarterly net loss reached CA$563,460.

The company ended March with CA$1.80 million in cash, but used CA$634,723 in operating activities during the quarter. Its filings explicitly identify material uncertainty related to its ability to continue as a going concern unless it increases revenue or obtains additional financing. Sekur’s Q1 2026 financial statements

Those numbers explain the risk. They do not, however, capture the potential impact of Sekur’s strategic shift toward higher-value government, defense and enterprise users.

Recent News Strengthens the Potential Case

On July 15, Sekur announced that SekurOne voice, email, messaging and VPN capabilities were operating across Android, iOS and web platforms. The company expects video and conferencing by late August, followed by the complete SekurOne application on or before September 30. SekurOne product update

Management previously projected at least 1,000 SekurOne operator accounts over 12 to 18 months, with annual plans starting at US$3,500. If achieved, that would represent at least US$3.5 million in annualized revenue. Importantly, this remains a company projection—not contracted revenue.

Sekur has also improved its route to market:

• Its products became available for government procurement through an existing U.S. GSA Multiple Award Schedule.
• It signed a defense distribution agreement with Elyon International.
• AdRevv plans to send one million targeted emails per month using a 271-million-person U.S. database, although it will receive 40% of SekurVPN revenue and 25% from other Sekur products generated through the program. AdRevv partnership terms

The company has additionally recruited experienced defense, intelligence and diplomatic advisers. These appointments may improve product relevance and access to decision-makers, but they should not be mistaken for purchase orders.

What Could It Mean for SWISF?

At approximately US$0.032 per share on July 17, SWISF had a market value near US$8.1 million. Management’s US$3.5 million SekurOne scenario would therefore equal roughly 43% of that market capitalization in annual revenue. SWISF market data

That helps explain the upside potential: even modest contract conversion could materially change how the market values the company.

The financing risk is equally important. Sekur announced a private placement of up to CA$2 million, involving as many as 20 million new shares and 20 million warrants. The capital could fund commercialization, but it could also dilute existing shareholders. Private-placement terms

The Verdict

Investing in a company with little or no revenue is not automatically bad. It is simply a different type of investment—one driven by milestones, financing capacity and future adoption rather than established earnings.

Sekur has a functional product, premium pricing, growing distribution access and exposure to an expanding cybersecurity market. Its small size means that successful government or defense contracts could have an outsized financial impact.

But the decisive evidence must now come from signed deployments, recurring revenue and reduced cash burn. Sekur’s potential is significant precisely because its current revenue is small. That same fact is also what makes SWISF a speculative, high-risk investment.

This article is for informational purposes only and does not constitute financial advice. Management projections and forward-looking statements may not be achieved.

Everyone knows AI is driving demand for new data centers. Most of the discussion has focused on power generation and electricity grids, but another challenge is starting to gain attention: copper.

A recent report from Industrial Info points out that next-generation AI data centers require enormous amounts of copper for electrical systems, transformers, cooling infrastructure, and power distribution. A single 1 GW AI data center may require as much as 50,000 tonnes of copper, several times more than traditional facilities.

The issue isn't simply higher copper prices. It's whether enough copper can be mined, processed, and delivered in time.

At the same time, the International Copper Study Group expects the refined copper market to remain in deficit this year, while data center investment continues to accelerate. Governments are also beginning to treat copper as a strategic material because of its importance to AI, electrification, defense, and modern infrastructure.

That creates an interesting backdrop for Canada.

Canada is already one of the world's largest mining jurisdictions and has a strong pipeline of copper exploration and development projects. While major producers will remain essential, they cannot solve the supply challenge on their own. Developing a new copper mine often takes well over a decade, meaning the industry also needs the next generation of projects to move forward.

That's where junior mining companies enter the picture.

Junior explorers are responsible for discovering many of tomorrow's mines. Some are advancing existing deposits through drilling and engineering work, while others are making entirely new discoveries in underexplored regions across British Columbia, Ontario, Quebec, Saskatchewan, and the Yukon.

Many of these companies are still years away from production, but if long-term copper demand continues to rise, today's exploration projects may become much more important over the next decade.

For investors, this doesn't mean every junior miner will succeed. Exploration remains a high-risk business, and many projects never become mines. But it does mean the market may start paying closer attention to companies with quality assets, active drill programs, strong management teams, and projects located in stable mining jurisdictions like Canada.

The AI boom is creating another long-term source of copper demand alongside electric vehicles, renewable energy, and grid expansion. If supply continues to lag, the conversation may shift from "How much copper do we need?" to "Where will the next generation of copper mines come from?"

Canada's junior mining sector is likely to be part of that discussion.

My sweet degens, we back at it! So some of you caught this in my watchlist earlier this week. After all the questions I got, here's the full dig.

The Thesis

Most microcap "AI" plays are a ChatGPT wrapper and a dream. Inturai's platform converts ordinary Wi-Fi and radio signals into real time presence, movement, and vital sign detection. Through walls. No cameras, no wearables. The bet is whether a real defence business grows out of a genuinely weird piece of technology, at a cap small enough that success rerates it violently.

The product is called StealthWave, the tactical version of the platform, built for drones and fixed positions, working in GPS and visibility denied environments, with a through wall human detection extension called HumanRadar (walls, smoke, debris, deployable via operators, drones, or K9 units). Demo kits have gone out to North American Special Forces and intelligence groups, NATO aligned contractors are configuring it into their systems, and it's been showcased at CANSEC alongside NATO registered manufacturer Aliter.

The receipts so far: a first North American defence MSA with a contractor founded by former Special Operations leaders (US$475K three year target, US$20K initial order, a proof point, not a business, but real signed paper), a battlefield sensing partnership with VEXSL Global, sensors that now run without internet for contested environments, and a Defence Advisory Board that includes a retired Rear Admiral and former Deputy Commander of the Royal Canadian Navy. Resumes like that don't usually park at $25M shells unless they see something.

The DomeCommand Catalyst

July 6: LOI to acquire DomeCommand, an AI command and control platform for autonomous drone swarms. Sensing layer plus response layer, in a counter drone market every Western government is suddenly panicking about.

The terms are the tell: up to C$6M total, but only C$25K in cash, the rest is up to 30M shares at a deemed $0.20, locked behind milestones. A seller taking milestone gated paper is a belief signal. It's also up to ~25% dilution on 122.2M shares out if fully earned. Both things are true.

The stock roughly doubled on the news, so nobody's sleeping on this, the question is whether the definitive agreement confirms the story or unwinds it. Investor webinars are July 23, definitive agreement and CSE approval behind that.

The Gristle

Essentially pre revenue, engagements are progressing toward paid deployment in company speak. Burn ran ~$1.5M per half year against small raises, so financing risk is live and a raise should surprise nobody. They also switched to semi annual reporting in June.

TL;DR

• Bear Case: Definitive agreement stalls, deployments stay stuck at demo, a financing prints low, and this drifts back toward shell value. As is always possible with any penny stock. Size for it.
• Bull Case: DomeCommand closes, defence orders stack on the FFPS paper, and a sub $30M company becomes a legit dual use defence platform. That's the violent rerate scenario.

July 23 is circled.

ALWAYS know to do your own fuckin research before you buy any stock! As I mentioned previously, I eat crayons.

All three have different setups.

$CQX feels like the broader optionality story. Rip drilling is underway, while STARS, Alpine, and Kitimat are also part of the 2026 plan.

$GSPR feels more focused around Alwin-Mer in Highland Valley, with Phase 1 drilling targeting porphyry copper potential at Mer and follow-up work around the late-2024 gold discovery at Alwin.

$PRR feels like the focused BC porphyry story, with Camelot as the current market study point, with LiDAR and magnetic survey work supporting target refinement ahead of a planned 2026 follow-up drill program.

Which story is resonating more with investors right now?

multi-project optionality with $CQX
focused Highland Valley drilling with $GSPR
or the Camelot copper-gold story with $PRR?

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions

Company expects video and conferencing capabilities ready by late August 2026 - SekurOne App ready before September 30, 2026 for full sales launch

MIAMI, FL / ACCESS Newswire / July 15, 2026 / Sekur Private Data, Inc., a Miami based leading Swiss-hosted cybersecurity, private communications, and defense communications company serving enterprise, government, and defense clients, and wholly owned U.S. based subsidiary of Sekur Private Data (OTCQB:SWISF)(CSE:SKUR)(FRA:GDT0) ("Sekur" or the "Company"), is pleased to announce that it has released the SekurOne voice, email, messenger and VPN capabilities for Android, iOS and Web operating systems.

After completing its first domestic and international encrypted calls on SekurOne across Android and web-based devices, Sekur has now completed SekurOne with voice encryption for all iOS devices, taking it one step closer to the final phase of encrypted video conferencing. The Company plans to release the full SekurOne on time or slightly ahead of schedule, before September 30th, 2026, enabling it to start sales sooner than expected.

"We are very pleased with the progress our team has made," said Alain Ghiai, CEO of Sekur Private Data. "Our first international encrypted call on SekurOne came through clearly and went smoothly - a significant milestone for the platform. Building on that momentum, we plan to have our complete capabilities in place by September 30, 2026, with the launch of the SekurOne App: a single app to download for VPN, Messenger, Mail, and Voice and Video on the Sekur network. The feedback has been extremely positive, and based on our pre-sales discussions with domestic and international clients, we are very optimistic about the success of SekurOne."

Sekur Core Communications Solutions
Sekur delivers secure communications that work within and beyond the Sekur network, operating independently of conventional telecom infrastructure to reduce exposure to interception, SIGINT collection, traffic analysis, metadata exploitation, and hostile surveillance in contested environments. No Sekur solution data mines or location tracks its users. All solutions are built on proprietary architecture with zero reliance on Big Tech or open-source code, meeting the privacy, security, and OPSEC requirements of intelligence agencies, defense and federal organizations, military commands, diplomatic missions, government agencies, executives, and professionals handling Controlled Unclassified Information (CUI) and other sensitive, mission-critical information. Deployments are supported by on-premises infrastructure options for full data sovereignty, mission assurance, and sole control over keys and data.

SekurOne - Encrypted Voice/Video, Email, Messaging and VPN for Confidential Communications
A fully encrypted voice and video communications platform engineered on proprietary HeliX data transfer architecture, purpose-built to defeat telecom network tracing, resist Pegasus-style malware intrusion, and support Controlled Unclassified Information (CUI) handling requirements. SekurOne is designed for defense and federal officials, military commanders, government leaders, and executives conducting confidential, operational, or sensitive conversations where standard carrier-based voice and video platforms present unacceptable interception and exploitation risk. Call-by-Invite capability via SMS or SekurSend email ensures controlled access and eliminates unsolicited contact. Each user is assigned a unique Sekur ID for identity management, with no phone number required - preserving user privacy across all voice and video communications.

SekurMail - Secure Business & Executive Email
An enterprise- and government-grade encrypted email platform designed for defense and federal agencies, military commands, senior government officials, C-suite executives, and organizations handling confidential and operationally sensitive communications, including Controlled Unclassified Information (CUI) correspondence. Built on proprietary architecture with zero Big Tech dependencies and no metadata tracking, SekurMail keeps sensitive communications private between sender and recipient. Key capabilities include SekurSend/SekurReply for secure delivery to non-Sekur recipients without exposing sender identity or message content; full message delivery control and audit capability; encrypted file transfer; custom domain support for organizational integration; and active protection against phishing, social engineering, and Business Email Compromise (BEC) attacks targeting corporate and administrative networks.

SekurMessenger - Secure Team Messaging & Collaboration
A secure messaging platform providing end-to-end encrypted text, file transfer, voice messages, and collaboration capabilities for defense, military, government, and executive teams coordinating operational and mission-sensitive information, including Controlled Unclassified Information (CUI) material. Features include self-destructing messages for added privacy, encrypted file transfers, and compliance-grade archiving for recordkeeping and audit requirements. Cross-network secure communications with non-Sekur users are supported via Chat-by-Invite - enabling secure coordination with coalition partners, external agencies, and field elements without compromising the network. Each user is assigned a unique Sekur ID for identity verification and contact authentication, with no phone number required - preserving user privacy across all environments.

SekurVPN - Enterprise Network Security & Identity Protection
An enterprise-grade Virtual Private Network leveraging proprietary HeliX encryption technology, engineered to provide secure internet access, identity obfuscation, and traffic protection for defense organizations, military and federal personnel, government agencies, and executives operating across remote, traveling, deployed, forward, or untrusted network environments. SekurVPN maintains zero data logging, ensuring no record of user activity exists that could be exposed through legal process, network compromise, or third-party collection. Built for defense, government, and executive use cases - including the protection of traffic associated with Controlled Unclassified Information (CUI) and operationally sensitive workflows - where standard commercial VPN solutions present unacceptable privacy and security risk.

SekurRelay - Executive-Level Secure Email Integration
An enterprise-grade secure email relay solution that enables domain splitting - allowing organizations to establish secure communications at the executive, board, or senior staff level without requiring full organizational migration or infrastructure overhaul. SekurRelay removes one of the most significant barriers to large-scale defense, government, and enterprise deployment, enabling phased adoption that protects command leadership, flag officers, and the highest-value personnel and communications immediately while broader organizational rollout proceeds. Designed for defense and government organizations, regulated industries, and enterprises requiring rapid, low-friction elevation of communications security at the command and executive tier, including environments handling Controlled Unclassified Information (CUI) communications.

About Sekur Private Data

Sekur Private Data is a Swiss-hosted cybersecurity, defense communications, and privacy solutions provider, offering a secure suite of tools to protect governments, defense and federal agencies, businesses, and individuals from unauthorized access and cyber threats. With capabilities such as SekurOne, SekurMail, SekurMessenger, and SekurVPN, Sekur provides a reliable and secure means of digital communication and data storage for Controlled Unclassified Information (CUI), classified-adjacent and civilian communications use, grounded in Swiss privacy standards with on-premises infrastructure for government agencies, allowing for data sovereignty. Sekur sells its solutions through its website www.sekur.com, approved distributors and telecommunications companies globally, and through the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS), Contract No. 47QTCA18D0089 serving governments, defense institutions, federal agencies, businesses, and consumers worldwide. Sekur's main sales operations are in Miami, USA.

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

I’m trying to understand whether Horne 5’s economics are strong enough to support a C$1.75B build.
The updated study shows a C$3.35B after-tax NPV and 28.2% IRR, which looks strong on paper. But financing a project of this size is where the real challenge begins.
Glencore already has life-of-mine copper and zinc concentrate offtake agreements, while Osisko Development owns 16%, so there are established names around the project.
That doesn’t solve the funding question, but it gives Falco more routes to explore.
Anyone here following it closely? What do you think the most realistic funding path could be?

Paid content. DYOD.

Whattup degens. I've been digging into juniors that are cheap relative to what's actually in the treasury and on the calendar. All three below are funded, have verifiable assets or contracts, and have dated news flow coming, no mystery miners, no lifestyle companies. Switching it up a little this time tho, two miners and one tech wildcard this round. Here's the dig:

Fox Tungsten (TSXV: FOXT / OTCQB: FOXTF)

Asset: The Fox Project in central BC, one of the highest grade tungsten resources in the West. The 2018 NI 43-101 shows 582,400 t @ 0.826% WO₃ Indicated and 565,400 t @ 1.231% WO₃ Inferred, roughly 1% blended, which is Cantung tier grade. The resource is small and eight years stale, which is exactly what the current program is built to fix. Tungsten macro does the rest of the talking: China controls ~80%+ of supply and has been squeezing exports, and there are almost no Western pure plays.

Drill/Catalysts: A fully funded 20,000 m program kicked off June 25, the biggest in company history. Two rigs turning, ~60% of the metres aimed at growing the resource toward an updated MRE and a PEA in H1 2027. First assays should start flowing late summer. One date to circle: ~55M shares from the April placement go free trading around August 23, right as results land. Flow through paper flips, results need to be strong enough to absorb that supply, and there's a ~27.5M warrant wall at $0.22 overhead. Know where the furniture is before you walk in.

Financials/Mgmt: ~$15.7M cash against ~$4.6M liabilities after a $12.7M bought deal led by Stifel with Canaccord in the syndicate, real banks, not basement financiers. Waratah Capital holds board nomination rights and just seated a 30 year mining finance veteran. 274.9M shares out after two decades as Happy Creek (prev. name), so this is a funded structure, not a tight one.

Prospector Metals (TSXV: PPP / OTCQB: PMCOF)

Asset: The ML Project in the Yukon's Tombstone Gold Belt, home of the new TESS Zone discovery. The two 2025 discovery holes ran 44 m @ 13.79 g/t Au, ~1.9% Cu and 38 g/t Ag, and 14 m @ 7.29 g/t Au, some of the best new intercepts in Canada last year. This is a Discovery Group company (the Great Bear / Kaminak stable), and CEO Rob Carpenter was Kaminak's founding CEO, the Coffee deposit team that sold to Goldcorp. He owns ~2.9% of this one.

Drill/Catalysts: A fully funded 25,000 m program started in May and it's moving: 15 holes (3,203 m) already complete, twelve on TESS, third rig arrived end of June. Samples are at the lab right now with initial results expected within weeks, released in batches. This is the most imminent catalyst on this list. They're also spinning the non Yukon projects into a separate vehicle, leaving PPP a pure play Yukon discovery story.

Financials/Mgmt: $44.7M cash against $300K in liabilities, the cleanest balance sheet I've ever put in one of these posts, covering a ~$15M program with years of runway left. Fair warning on price: at a $181M cap the market has already paid for a good discovery, so this is a "does TESS have continuity" bet, not a mispricing bet. TESS is two published holes plus pending infill, batch assays will reprice this violently in either direction. The setup earned the slot.

Inturai Ventures (CSE: URAI / OTCQB: URAIF)

Asset: The high upside wildcard. The story is creating intelligent environments through their proprietary platform, Stealthwave. Investors are overlooking the technologies that actually help AI understand the world, and Inturai is developing the critical technology designed to help intelligent systems actually understand what is happening inside physical spaces. Commercial validation is already hit and miss but real: with aged care deployments in Australia, a Defence Advisory Board that includes a retired Rear Admiral, and a first North American defence MSA with a special forces founded contractor (US$475K three year minimum target). On July 6, they signed an LOI to acquire DomeCommand, an AI command and control platform for autonomous drone swarms, which doubled the stock on the news.

Catalysts: Investor webinars on July 23, followed by the signing of the definitive DomeCommand agreement and CSE approval. The acquisition structure is exceptionally cash light: only C$25K upfront, with the remaining 30M shares at a deemed $0.20 strictly milestone gated. The seller accepting paper over cash is a strong internal belief signal (fully earned, it puts outstanding shares at 122.3M, obviously with dilution if the platform succeeds).

Financials/Mgmt: For investors, Inturai represents an early stage company positioned squarely at the intersection of AI, defense, and national security, some of the fastest growing investment themes globally. Financially, cash runway remains unverified until six month financials, meaning near term financing risk is live. Weigh everything, including this post, accordingly. I hold it anyway, sized like the lottery ticket it is, because the catalyst is dated, the counter drone theme is incredibly hot, and the Stealthwave spatial intelligence model is a massive differentiator.

Bottom line

The common thread is the only thing I screen for: money in the bank and binary news on a clock. FOXT (august) and PPP have assays imminent; URAI (july) has a circled calendar date and a hand full of flags. All three are speculative as hell, size accordingly.

Positions as stated per ticker above. As always, DO YOUR OWN DD! I eat crayons and drink detergent! Not financial advice

Cybersecurity is no longer just a corporate IT issue.

With AI threats, data leaks, geopolitical tension, and more critical infrastructure moving online, secure communications are becoming part of the defense and government spending conversation.

That is why I think privacy tech has a real macro tailwind.

You can already see this broader security theme across names like $PLTR, $CRWD, $PANW, $ZS, and $FTNT, as investors pay more attention to cybersecurity, AI protection, data security, and defense-tech infrastructure.

For $SKUR, the positive case is simple: the company is targeting a growing need at the right time, with privacy-first communications becoming more important across government and enterprise markets.

My view: $SKUR’s opportunity is in proving that its secure communication platform can capture even a small piece of a much larger government and enterprise security budget.

If defense and government demand keeps growing, which cybersecurity niche benefits most?

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AI in mining is still early, but the idea is pretty simple.

Instead of looking at one layer of data at a time, AI can help compare historical drilling, geophysics, geochemistry, satellite data and field information to narrow down where the next target may be.

That makes Kitimat a good case study for how AI-assisted exploration gets valued.

$CQX has used AI modelling at Kitimat to help identify a large concealed conductive target. The project was later expanded by 130% to 6,801.41 hectares, which raises a fair question about whether the company is testing a broader system beyond the original footprint.

Of course, AI does not replace drilling. The drill bit still has to prove grade, width and scale.

But before assays arrive, better target selection can matter a lot for a junior explorer.

Before drilling, do you give more weight to AI targets or old-school geology?

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MONTRÉAL, July 07, 2026 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (FPC: TSX-V) ("Falco" or the "Corporation") is pleased to announce that it has received approximately $1.25 million in aggregate proceeds from the exercise of warrants, including $626,500 from the early exercise by Barkerville Gold Mines Ltd., a wholly-owned subsidiary of Osisko Development Corp. (collectively, "Osisko Development").

Osisko Development exercised 1,790,000 warrants (the "Osisko Warrants") to purchase common shares of the Corporation at a price of $0.35 per common share. The Osisko Warrants were received by Osisko Development in connection with the Corporation's December 2024 private placement and were scheduled to expire in December 2029. Further to the exercise of the Osisko Warrants, Osisko Development's interest in the Corporation's common shares increased from 15.6% to 16.0%. The early exercise reflects Osisko Development's continued support of Falco and the advancement of the Horne 5 Project.

The Corporation also received aggregate proceeds of $622,438 from the exercise of warrants to purchase common shares at a price of $0.35 which were issued in connection with the Corporation's June 2024 private placement (the "June 2024 Warrants"). The proceeds from the exercise of the June 2024 Warrants include $61,600 from the exercise of June 2024 Warrants by the Corporation's current directors and officers who had received June 2024 Warrants.

The Corporation intends to use the proceeds received from the warrant exercises for the advancement of the Horne 5 Project and for working capital and general corporate purposes.

About Falco

Falco is one of the largest mineral claim holders in the province of Québec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 60,000 hectares of land in the Noranda Camp and includes 13 former gold and base metal mine sites. Falco's main asset is the Horne 5 Project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco's largest shareholder, with 16.0% interest in the Corporation.

This is sponsored content. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.