Company Interviews

Crux Investor
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An insight into junior mining and opportunities to invest. Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster. Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.

  1. 9 HR AGO

    Greenheart Gold (TSXV:GHRT) - Multi-Asset Drill Program Drives Newsflow In 2026

    Interview with Justin van der Toorn, President & CEO of Greenheart Gold Inc. Our previous interview: https://www.cruxinvestor.com/posts/greenheart-gold-tsxvghrt-proven-discovery-team-advances-3-suriname-projects-with-35m-runway-8542 Recording date: 25th March 2026 Greenheart Gold (TSXV:GHRT) is executing a comprehensive exploration strategy across the Guyana Shield, with President and CEO Justin van der Toorn advancing multiple high-potential gold projects in Suriname and Guyana. The company's disciplined approach to early-stage exploration, combined with an experienced management team and strategic portfolio management, positions it to make discoveries in one of the world's most underexplored yet geologically prospective gold regions. The company currently operates three advanced projects in Suriname—Majorodam, Igab, and Tosso Creek—each at different stages of development. At Majorodam, a 10,000-meter reverse circulation drilling program is underway testing a 15-kilometer gold-in-soil anomaly. The cost-effective RC approach allows rapid coverage of the entire trend at approximately 50-60% of diamond drilling expenses, with holes targeting near-surface mineralization before following higher-grade zones to depth. The Igab project has emerged as a high-priority target following exceptional trenching results of 12 meters at 4.82 g/t and 11 meters at 9 g/t gold. Diamond drilling commences in April 2026 to establish detailed structural understanding of these high-grade shear zones. Located 30 kilometers south of Newmont's Merian operation, Igab benefits from proximity to established infrastructure and geological context. Tosso Creek represents bulk tonnage potential with 86 meters at 0.6 g/t gold in trenching. Additional trenching is underway to refine targets before drilling in Q2 2026. Greenheart's management team brings proven credentials from Reunion Gold's Oko discovery in Guyana, which ultimately attracted a takeover. The company maintains capital discipline through its willingness to drop non-performing projects while preserving treasury strength for aggressive multi-project exploration. "We're explorers, that's what we think we're good at," Justin emphasized. With multiple drilling programs advancing simultaneously throughout 2026, Greenheart is positioned to deliver continuous newsflow while targeting tier-one discoveries in the underexplored Guyana Shield. The company's strategy focuses on demonstrating meaningful intercepts with both grade and volume to establish mineable potential across its portfolio. View Greenheart Gold's company profile: https://www.cruxinvestor.com/companies/greenheart-gold Sign up for Crux Investor: https://cruxinvestor.com

    27 min

  2. 11 HR AGO

    Atomic Eagle (ASX:AEU) - Scaling Proven Zambian Uranium Asset Toward Production

    Interview with Phil Hoskins, CEO of Atomic Eagle Recording date: 24th March 2026 Atomic Eagle (ASX:AEU) is advancing the Muntanga uranium project in Zambia with an aggressive resource expansion strategy designed to unlock economies of scale. Led by CEO Phil Hoskins and backed by the founders of Boss Energy and Lotus Resources - both now uranium producers - the company has assembled experienced uranium development expertise to grow a technically proven asset in a tier-one African jurisdiction. The Muntanga project stands on solid ground with a completed NI 43-101 feasibility study and a recently expanded resource of 58.8 million pounds at 309 ppm. What distinguishes this deposit is exceptional metallurgical characteristics: over 90% recoveries, 21-day leach kinetics, and remarkably low acid consumption of just 20 kilograms per ton. These parameters signal favorable economics to experienced developers, though the previous operator's study at 2.2 million pounds per annum production showed insufficient scale to generate attractive returns. Atomic Eagle's solution centers on resource growth. The largest drill program at Muntanga since 2007 launches in April 2026, targeting over 50,000 meters across 10 discrete targets using cost-effective gamma-probe technology at $45 per meter. The company aims to grow resources toward 100+ million pounds to support 4-5 million pounds per annum production by circa 2030, comparable to Bannerman Resources' development model. Current resources, if fully incorporated into a revised mine plan, could already support 3.9 million pounds annually for 12 years. With $19 million in treasury, Atomic Eagle is well-funded to execute its 2026 exploration program and 2027 updated feasibility study. Zambia offers significant jurisdictional advantages: no free carried government interest, established mining infrastructure as the world's seventh-largest copper producer, and Fraser Institute-validated regulatory stability. Additional upside exists through a 116 million pound Niger asset (1,300 ppm grade) currently assigned zero market value. Active negotiations are progressing to return this asset under new terms, with an update expected in the first half of 2026. Recent roadshow feedback confirmed that investors view Atomic Eagle as undervalued based solely on the Zambian asset, positioning the company as a focused development play rather than a speculative exploration play in an increasingly strategic uranium market. View Atomic Eagle's company profile: https://www.cruxinvestor.com/companies/atomic-eagle Sign up for Crux Investor: https://cruxinvestor.com

    35 min

  3. 2 DAYS AGO

    Hycroft Mining (NASDAQ:HYMC) - Hycroft Mining (NASDAQ:HYMC) - High Grade Silver Results Demonstrate Scale

    Interview with Diane R. Garrett, President & CEO of Hycroft Mining Our previous interview: https://www.cruxinvestor.com/posts/hycroft-mining-nasdaqhymc-more-high-grade-silver-as-resource-grows-by-over-50-9321 Recording date: 22nd March 2026 Hycroft Mining Holding Corporation (NASDAQ: HYMC) has executed a dramatic transformation from debt-burdened developer to well-capitalised exploration story, driven by high-grade silver discoveries that are redefining one of the world's largest precious metals deposits in Nevada. The company's turnaround centres on a comprehensive balance sheet restructuring that eliminated all debt and secured $200 million in cash through institutional investment. The debt, which was accruing at $1 million monthly with 2027 maturity, had prevented institutional participation despite growing asset interest. Combined with earlier investments from Eric Sprott and Tribeca, the restructuring delivered a shareholder base that is now 85% institutional, providing a minimum three-year funding runway. What attracted this institutional capital was the discovery of high-grade mineralisation at the Vortex and Brimstone zones. Recent drilling returned intercepts exceeding 500 grams per tonne silver over 35 metres, fundamentally changing perceptions of an asset historically characterised as low-grade bulk tonnage. In February 2026, Hycroft announced a 55% resource increase, incorporating these discoveries alongside improved metallurgical recoveries. The deposit now totals approximately 16.5 million ounces of gold and 600 million ounces of silver. Management is prioritising development of these high-grade underground systems over the large low-grade deposit, aiming for a smaller 3,500-5,000 tonne per day operation that offers superior margins and faster production. The 2026 exploration program has tripled to 24,000 metres across four rigs, targeting system expansion and a preliminary economic assessment by early 2027.The Brimstone system remains open in all directions and at depth, with geological indicators including deep magmatic sources suggesting substantial expansion potential. Hycroft is applying this geological model across its largely unexplored land package, seeking additional high-grade discoveries. Despite possessing over $1 billion in existing infrastructure, established permits, and Nevada's premier jurisdiction advantages, Hycroft trades at an estimated 40-50% discount to greenfield peers, presenting potential rerating opportunity as high-grade scale is demonstrated through continued drilling and economic studies. View Hycroft Mining's company profile: https://www.cruxinvestor.com/companies/hycroft-mining-holding-corporation Sign up for Crux Investor: https://cruxinvestor.com

    29 min

  4. 2 DAYS AGO

    Toogood Gold (TSXV:TGC) - 30/30 Quinlan Holes Hit Gold, Table Mountain LOI Targets Q3 Drilling

    Interview with Colin Smith, Director & CEO of Toogood Gold Our previous interview: https://www.cruxinvestor.com/posts/toogood-gold-tsxvtgc-expanding-high-grade-discovery-in-newfoundland-8643 Recording date: 19th March 2026 Toogood Gold Corporation (TSXV:TGC) has emerged as a compelling discovery-focused explorer following exceptional drill results at its Quinlan target in Newfoundland and the strategic acquisition of Nevada's Table Mountain epithermal project. The company's recent operational updates reveal a systematic approach to advancing high-quality targets across two of North America's premier gold jurisdictions. At Quinlan, Toogood achieved a perfect 30-for-30 drill success rate, with every hole intersecting both the gold-bearing felsic dyke and mineralization. The discovery has doubled in strike length from 200 meters to over 400 meters while remaining open in both directions. The standout intercept of 29 meters at 2.3 grams per tonne gold near surface, with higher-grade zones approaching half an ounce, establishes the target's economic potential despite averaging 3-5 meters in true thickness. The company's breakthrough deployment of ground penetrating radar (GPR) technology successfully mapped dyke structures under cover, enabling a step-out discovery 150-200 meters along strike. This proven methodology now provides a systematic tool to test 45 identified felsic dyke occurrences across the southwestern block. Perhaps most significantly, Toogood validated the Melange contact as a new discovery vector. Three inaugural holes at this previously undrilled 10-kilometer geological boundary all intersected gram-to-multi-gram gold, confirming historical surface sampling. The southwestern Quinlan holes—delivering the program's best results—are vectoring toward where the Quinlan trend and Melange contact converge, creating a high-priority structural intersection target. Simultaneously, the company secured a binding letter of intent for Nevada's Table Mountain project, featuring a 4-kilometer by 2-kilometer alteration cell matching the footprint of the 16-million-ounce Silicon-Merlin system. Outcropping epithermal quartz veins with textbook characteristics show no evidence of previous drilling despite anomalous to multi-gram gold values. With $3.2 million in treasury plus $600,000 in flow-through financing, Toogood maintains adequate capital to advance systematic exploration programs at both projects without immediate dilution, targeting Q3 2026 for Nevada drilling while expanding Newfoundland's geological understanding through regional geochemistry. View Toogood Gold's company profile: https://www.cruxinvestor.com/companies/toogood-gold Sign up for Crux Investor: https://cruxinvestor.com

    33 min

  5. 2 DAYS AGO

    Thunder Gold Corp. (TSXV:TGOL) - 3.5Moz Gold Project Targets 5Moz & PEA by Year-End

    Interview with Wes Hanson, President & CEO of Thunder Gold Corp. Recording date: 2nd March 2026 Headline: Thunder Gold's Tower Mountain: A Large-Scale Ontario Gold Project With a Clear Re-Rating Path Thunder Gold Corp (TSXV:TGOL) is developing the Tower Mountain gold project in northwestern Ontario, 40 kilometres from Thunder Bay. The company recently published a maiden resource estimate of 3.5 million ounces comprising 3 million inferred and 500,000 indicated ounces, and is targeting 5 million ounces alongside a preliminary economic assessment by the end of the current year. For investors evaluating junior gold equities, Tower Mountain offers an unusual combination of geological consistency, infrastructure accessibility, exploration upside, and a management team with direct open-pit development experience. The deposit's defining characteristic is the predictability of its drill results. Of 190 holes drilled across 47,000 metres of total drilling, 180 returned average grades of 0.33 to 0.37 g/t across full hole lengths, from surface to the bottom of each hole, regardless of depth or rock type. This is the hallmark of a large, disseminated intrusion-related gold system where gold is distributed evenly through a wide pyrite cloud rather than concentrated in narrow, unpredictable shear zones. That consistency translates directly into lower operational risk in a future mining scenario and a more straightforward path through the economic study process. The project's infrastructure position is equally compelling. Paved highway, rail access, and existing utilities sit within 3 kilometres of the resource pit. The site is accessible year-round, and a 40-minute drive away from Thunder Bay city with an established mining services sector. These factors significantly reduce the capital intensity of any future development compared to remote northern projects where road and power construction alone can consume hundreds of millions of dollars before a shovel enters the ground. The near-term investment case centres on resource category conversion. At current per-ounce market valuations of $10–20 for inferred ounces, Thunder Gold trades at a meaningful discount to more advanced peers. The company's stated priority to infill drilling to convert inferred ounces to indicated status has historically produced three-to-four-times increases in per-ounce valuations without requiring new discovery. With approximately $5 million in treasury and 66 cents of every dollar directed into drilling, management has the capital to execute that program and deliver a credible PEA. The longer-term case rests on the three unexplored contacts of the intrusive body, each carrying geophysical signatures consistent with the known western resource. If those contacts host comparable mineralization, the total resource could approach 12 million ounces, a scale that places Tower Mountain firmly in the range of acquisition targets for mid-tier producers facing reserve depletion at current gold prices. At a gold price that has fundamentally re-rated the economics of large-tonnage, lower-grade deposits, Tower Mountain sits in a strategically attractive position: sufficient scale to matter to a mid-tier acquirer, infrastructure to support competitive capital costs, and enough drilling upside to justify continued exploration investment. The key near-term variables are drill results and PEA delivery. Investors willing to accept early-stage resource and liquidity risk may find the current valuation offers meaningful upside relative to those catalysts. View Thunder Gold's company profile: https://www.cruxinvestor.com/companies/thunder-gold-corp Sign up for Crux Investor: https://cruxinvestor.com

    22 min

  6. 2 DAYS AGO

    Investigator Resources (ASX:IVR)- Australian Silver Developer Advances to Financing

    Interview with Lachlan Wallace, Managing Director of Investigator Silver Our previous interview: https://www.cruxinvestor.com/posts/investigator-resources-asxivr-paris-silver-project-advancing-towards-dfs-4726 Recording date: 19th March 2026 Investigator Resources (ASX:IVR) is advancing the Paris Silver Project in South Australia, positioning itself as Australia's only pure play silver mining operation at a time when global silver markets face persistent supply deficits. The company's recently completed definitive feasibility study demonstrates compelling project economics with a pre-tax net present value of $1.2 billion at $80 per ounce silver, a 93% internal rate of return, and an 11-month payback period. Managing Director Lachlan Wallace, who previously delivered the Kanmantoo underground mine on-time and on-budget during his tenure at Hillgrove Resources, brings proven mine-building credentials to the project. Under his leadership, Investigator has deliberately designed Paris for financeability rather than maximizing headline economics, using conservative silver price assumptions of $48 US per ounce—materially below current spot levels—to ensure the project remains robust under various stress scenarios. The Paris deposit offers significant geological advantages for low-cost production. The shallow, flat, tabular ore body starts just 10 meters below surface and measures 400 meters wide by one kilometer long, ideal for efficient bulk open pit mining. The company's mining strategy front-loads higher-grade zones in the first two years, delivering average head grades of 130 grams per ton compared to the 90 grams per ton life-of-mine average, driving rapid cash generation and early debt repayment. With $65 million recently raised and a total capital requirement of approximately $260 million Australian, Investigator is well-funded to advance detailed engineering, infill drilling, and permitting activities. The company is targeting debt financing for the remaining capital, with Wallace reporting positive reception from US-based institutional funds and debt providers. At a current market capitalization of approximately $170 million, Investigator trades at a significant discount to its project value. As Australia's only pure play silver producer, the company offers direct leverage to silver price movements, with every $1 US movement translating to $42 million in life-of-mine project value—positioning shareholders to benefit from structurally supported silver markets facing ongoing supply-demand imbalances. View Investigator Resources' company profile: https://www.cruxinvestor.com/companies/investigator-resources Sign up for Crux Investor: https://cruxinvestor.com

    33 min

  7. 3 DAYS AGO

    Pacific Lime & Cement (ASX:PLA) - 'Undervalued?' Investment Series, with Paul Mulder

    Interview with Paul Mulder, Managing Director of Pacific Lime & Cement Ltd. Our previous interview: https://www.cruxinvestor.com/posts/pacific-lime-cement-asxpla-pngs-first-lime-producer-targets-50m-import-replacement-market-7827 Recording date: 18th March 2026 Pacific Lime & Cement (ASX:PLA) is advancing toward February 2027 production as Papua New Guinea's first domestically-based lime and cement manufacturer. In a recent interview, managing director Paul Mulder outlined the company's progress on a project that will eliminate PNG's complete reliance on Chinese and Japanese imports while establishing a vertically integrated building materials platform with substantial government backing. The project's competitive foundation rests on geographic advantages that significantly undercut existing supply chains. The coastal limestone deposit requires zero stripping and sits just 700 meters from the company's private wharf facility within a special economic zone. Current suppliers operate mines 100 to 200 kilometers inland in Southeast Asia, requiring land transport to public ports before international shipping. This positioning, combined with 10-year tax exemptions covering corporate tax and import-export duties, creates meaningful cost advantages for serving PNG's protected domestic market. Financial structure represents another differentiating element. Pacific Lime & Cement funded initial development entirely through equity rather than debt, eliminating covenant restrictions and interest obligations that would reduce cash conversion. The PNG government's direct equity participation of 18% to 30% in both lime and cement special purpose vehicles values the company at approximately $700 million AUD, nearly triple the current $250 million market capitalization. This investment, formalized through a March 2018 project development agreement, signals government commitment while providing expansion capital for additional lime kilns. Near-term revenue visibility comes from Newmont, PNG's largest gold producer, which has committed to purchasing approximately one-third of initial production capacity. The two-kiln phase one targets domestic mining operations, water treatment facilities, and road stabilization projects currently served by imports from distant sources including Israel. Surplus production will flow to Western Australian markets where the company already demonstrates supply chain capabilities. Expansion plans encompass additional lime capacity, cement production facilities with International Finance Corporation partnership, and downstream concrete products including batch plants and cast construction materials. Management is simultaneously monetizing non-core assets, with Power China fully funding iron sands development and advisors pursuing value realization for a copper-gold exploration asset adjacent to the Frieda River operation. View Pacific Lime & Cement's company profile: https://www.cruxinvestor.com/companies/pacific-lime-and-cement Sign up for Crux Investor: https://cruxinvestor.com

    26 min

  8. 3 DAYS AGO

    How To Grow Your Investment Portfolio During A Resource Sell Off

    Recording date: 18th March 2026 Olive Resource Capital used the March 18, 2026 market selloff to add positions across their high-conviction portfolio, as resource sector equities declined 5-7% and gold fell below $5,000 for the first time in six months. President Samuel Pelaez and Executive Chair Derek Macpherson outlined their strategic response during their weekly investor update, emphasizing that current volatility represents a buying opportunity rather than a structural market breakdown. The firm had strategically raised cash to approximately 10% of portfolio value in January and February, anticipating seasonal weakness around the PDAC conference period. This liquidity position enabled opportunistic deployment as Middle East tensions coincided with expected seasonal softness. Olive added to an unnamed Yukon exploration company, Arizona Sonoran Copper during its M&A transaction, energy sector holdings, and Goldsky as it consolidates 100% ownership of the Barsele project. Management emphasized their evolution toward concentrated, high-conviction positions over the past two years. This "high grading" process prioritizes companies with strong balance sheets, capable management teams, and no leverage exposure. Pelaez noted the portfolio consists of companies with "the ability to survive" market stress without facing imminent financial liabilities, recognizing that resource companies already carry inherent leverage through commodity price exposure. Technical indicators provided reassurance that systemic breakdown had not occurred. The VIX remained subdued, the S&P 500 stayed within 5-10% of highs, and global liquidity metrics functioned normally. Most portfolio positions had simply returned to year-end levels after strong early-year gains. Pelaez offered nuanced geopolitical analysis from the SMI conference, characterizing targeted U.S.-Israeli strikes on Iranian infrastructure as calibrated negotiating tactics rather than full escalation. He views current tensions as transitory events unlikely to derail long-term commodity demand drivers. Strong conference attendance and well-funded companies executing substantial drill programs reinforced management's conviction that underlying sector fundamentals remain healthy despite near-term price volatility. Sign up for Crux Investor: https://cruxinvestor.com

    24 min
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About

An insight into junior mining and opportunities to invest. Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster. Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.

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  • Creator
    Crux Investor
  • Years Active
    2019 - 2026
  • Episodes
    2k
  • Rating
    Clean
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    © Copyright 2021 All rights reserved.
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    Company Interviews

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