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First Phosphate (Nasdaq: PHOS | CSE: PHOS | OTCQX: FRSPF | FSE: KD0), a sponsor of TNBR has uplisted its Level 2 ADRs to the Nasdaq Global Market under ticker $PHOS, effective August 10, replacing its OTCQX listing while maintaining its existing CSE and FSE listings.

The ADR ratio remains 10 common shares per ADR, with free conversions available through BNY Mellon until December 31, 2026.

The Nasdaq uplisting involves no new share issuance or capital raising and is intended to improve access and visibility for U.S. investors.

STLLR Gold (TSX: STLR | OTCQX: STLRF) reported high-grade gold results from drilling at the Jonpol Deposit within its Tower Gold Project in Ontario, Canada. 

Highlights:

• 16.17 metres of 12.46 g/t gold from 222.20 metres downhole.

• 5.30 metres of 18.62 g/t gold from 247.00 metres downhole.

• 5.80 metres of 9.14 g/t gold and 7.19 metres of 5.57 g/t gold from additional Jonpol drilling.

The company plans approximately 15,000 metres of drilling during the remainder of 2026 at Jonpol, 903 and Garrcon, targeting resource expansion and conversion of inferred resources to higher-confidence categories for a potential updated Tower Mineral Resource Estimate.

West Point Gold (TSXV: WPG | OTCQX: WPGCF) reported shallow gold mineralisation at the Black Dyke prospect within its Gold Chain Project in Arizona, USA.

Highlights: 

• 7.6 metres of 2.22 g/t gold from 62.5 metres downhole.

• 16.8 metres of 0.90 g/t gold from 71.6 metres.

• 6.1 metres of 1.49 g/t gold from 54.9 metres.

All holes intersected anomalous gold mineralisation, while historical data includes two intercepts exceeding 30 g/t gold.

The combined drilling and historical results support further drilling and the potential for a deeper, higher-grade gold system at Black Dyke.

Legacy Gold Mines (TSXV: LEGY) reported multiple gold intersections from drilling at the Baner Gold Mine Property in Idaho, USA.

Highlights:

• 13.5 metres of 1.14 g/t gold from surface, including:

  • 1.5 metres of 3.45 g/t gold.

• 8.2 metres of 2.4 g/t gold, including:

  • 2.3 metres of 6.6 g/t gold.

• 20.1 metres of 0.63 g/t gold, including:

  • 0.5 metres of 10.5 g/t gold.

Main Zone mineralisation now extends approximately 1,000 metres, while LG26-004 expanded the mineralized footprint 170 metres west.

Phase 2 RC drilling is underway, with up to 43 holes planned to test the Main, Northeast and new exploration targets.

P2 Gold (TSXV: PGLD | OTCQB: PGLDF) reported strong gold-copper results from drilling at the Lucky Strike Zone of its Gabbs Project in Nevada, USA.

Highlights: 

• 79.25 metres of 0.78 g/t gold and 0.29% copper, including:

  • 21.34 metres of 1.28 g/t gold and 0.34% copper.

• 158.50 metres of 0.37 g/t gold and 0.16% copper, including:

  • 67.06 metres of 0.49 g/t gold and 0.18% copper.

• 121.92 metres of 0.47 g/t gold and 0.21% copper, including:

  • 41.15 metres of 0.82 g/t gold and 0.29% copper.

Additional southwest step-out drilling has been completed, with assays pending, while Lucky Strike remains open to the northeast and southeast.

An updated Mineral Resource estimate will follow completion of the drill program, supporting a feasibility study targeted for Q4 2026.

Athena Gold (CSE: ATHA | OTCQB: AHNRF) provided an exploration update from its Excelsior Springs Project in Nevada, USA. 

Highlights: 

• 22.9 metres of 1.37 g/t gold from 10.7 metres, including:

  • 3.0 metres of 4.15 g/t gold.

• 12.2 metres of 1.57 g/t gold from 32 metres, including:

  • 4.6 metres of 3.31 g/t gold.

• 10.7 metres of 1.09 g/t gold from 164.6 metres, including:

  • 3.0 metres of 2.2 g/t gold.

Lunchbox Ridge extends the Buster system 700 metres, with mineralisation open along strike and down-dip.

Mammoth has completed 1,100 metres of drilling at Blue Dick, with 24 more RC holes planned across 6.5 km of targets.

First Phosphate (NASDAQ: PHOS | CSE: PHOS), a sponsoring partner of TNBR, will ring the Nasdaq Opening Bell in New York today to celebrate its recent listing on the Nasdaq Global Market, marking a major milestone in the company’s push to build a vertically integrated North American mine-to-market lithium iron phosphate (LFP) battery supply chain.

The company aims to develop its Saguenay-Lac-Saint-Jean operations in Québec into a North American LFP battery hub, supplying high-purity phosphate for markets including energy storage, data centres, robotics, mobility and national security.

Tower Resources (TSXV: TWR | OTCQB: TWRFF) reported initial assay results from its June diamond drilling program at the Rabbit North Project in British Columbia, Canada. 

Highlights:

• 18.80 metres of 2.57 g/t gold, including:

  • 7.30 metres of 5.74 g/t gold and 0.70 metres of 43.00 g/t gold.

• 22.60 metres of 0.56 g/t gold, 0.35% copper and 0.012% molybdenum.

• 5.30 metres of 0.71 g/t gold, 0.38% copper and 0.015% molybdenum.

Eight holes totalling 2,303.5 metres were drilled, with assays still pending for additional holes targeting the Blue Sky and Thunder North zones.

Koryx Copper (TSXV: KRY | OTCQB: KRYXF) reported further drill results from its Haib Copper Project in southern Namibia.

Highlights:

• 831 metres of 0.27% CuEq, including:

  • 244 metres of 0.42% CuEq.

• 654 metres of 0.25% CuEq, including:

  • 84 metres of 0.47% CuEq and 12 metres of 0.79% CuEq.

• 231 metres of 0.44% CuEq, including:

  • 12 metres of 2.55% CuEq.

The results continue to demonstrate the scale and continuity of mineralisation at Haib, with the highest copper and silver grades recorded at the project to date also returned from surface.

Drilling continues with 15 rigs, while technical studies and cost estimates advance towards a Pre-Feasibility Study targeted for the end of 2026.

🧐 Gold Rally Pauses

Gold slipped today after hitting a two-month high of $4,449.39/oz earlier in the week, with investors taking profits following a strong rally.

Spot gold was down 0.1% at $4,344.24/oz, while December U.S. gold futures fell 0.4% to $4,400.40/oz.

Reuters said subdued U.S. inflation has reduced expectations of a Federal Reserve rate hike, with markets now pricing only a 33% chance of a September hike, down from 44% a week earlier.

Despite the pullback, gold remains supported by expectations of easier monetary policy and strong central-bank demand, although prices are facing resistance around $4,500/oz and high prices are weighing on physical demand in India and China.

🕵️‍♂️ Lobo Tiggre, AKA Louis James

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Happy Speculating!

The Editor

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