Can Canadian Mining Really be Saved + 4 CEO Interviews
Harvest Gold, GreenLight Metals, Sarytogan Graphite, and Radisson Mining
This post includes sponsored content. Read the warning at the bottom of the post.
Last week on Resource Talks:
Can Canadian Mining Really be Saved?
New Gold Explorer in the Abitibi
The Only Copper-Gold Explorer in Wisconsin
One of the World’s Largest Graphite Deposit
+60,000m of Drilling for Gold in the Abitibi
Bullet-point summaries of the conversation are posted below.
Full written articles based on the conversations can be found on https://resourcetalks.com.
Full interviews can be viewed on https://www.youtube.com/@ResourceTalks/videos.
Can Canadian Mining Really be Saved?
The Ore Group has paid for the production of this interview. Read the warning at the bottom of the post to understand all potential conflicts of interest.
This conversation is a critique of Canada’s mining sector, led by Ore Group Chairman Stephen Stewart, who argues that while Canada possesses world-class geological potential and expertise, the country is falling behind due to a dysfunctional permitting regime, regulatory fragmentation, and poor public perception. Stewart dismisses industry scapegoats like founder shares and warrants as secondary issues, placing the blame instead on a bloated bureaucratic process and unclear responsibilities among governments and First Nations. He calls for greater transparency, a cultural rebrand of the industry, and targeted reform to make Canada more competitive in attracting capital and talent.
TL;DR
Permitting timelines in Canada are the top concern for both operators and investors, cited as the primary barrier to project advancement and capital allocation.
The complexity and fragmentation of regulatory oversight across different government levels and First Nations create inefficiencies and uncertainty in project development.
Stewart emphasizes that while bad actors exist, systemic issues, not internal market practices like warrants or founder shares, are the root problem affecting investor confidence.
Institutional investors consistently prioritize regulatory risk and permitting timelines over geology when evaluating Canadian mining investments.
Attracting talent to the industry requires both cultural rebranding and a stronger public narrative about mining’s role in modern society.
READ THE FULL REPORT HERE →
New Gold Explorer in the Abitibi
Harvest Gold Corp is focused on making a gold discovery in the Urban-Barry greenstone belt of Quebec, near Osisko’s Windfall deposit. This interview, conducted with CEO Rick Mark and technical advisor Louis Martin, examined the team’s track record, insider ownership, strategic goals, and upcoming drill plans. The conversation covers management incentives, capital allocation, geological modeling, and the potential for a takeout by nearby major Goldfields. It also dived deeper into the company’s partnership with Vior, its relationship with Crescat Capital, and the operational and market constraints facing early-stage explorers in a structurally promising but underfunded space.
TL;DR
Harvest Gold is focused on early-stage orogenic gold exploration in Quebec’s Urban-Barry belt, targeting structural splays interpreted as fluid conduits.
The company’s leadership, while experienced in the public markets and past VMS discoveries, is relying heavily on geologist Louis Martin for technical execution in Archean gold.
Insider ownership has declined over time due to dilution, and while options were recently issued, direct insider buying has not been a focus in recent years.
The company aims to drill 5,000 meters starting mid-July 2025, split between known showings in the north and underexplored targets in the central corridor.
The strategy is explicitly discovery-driven, with Goldfields identified as the most probable acquirer, but all value creation is contingent on upcoming drill results.
READ THE FULL REPORT HERE →
The Only Copper-Gold Explorer in Wisconsin
Greenlight Metals is aiming to develop high-grade copper-gold VMS deposits in Wisconsin, with its flagship Bend project as the near-term priority. This conversation with CEO Matt Filgate covers everything from his technical and corporate development background to the company’s strategy, capital structure, and permitting in a post-moratorium Wisconsin. Filgate discusses insider ownership, the absence of insider-held royalties, and outlines a lean cost structure centered on equity alignment and efficient exploration spending. The interview also touches on community relations, metallurgical considerations including tellurium as a potential byproduct, and long-term plans for a centralized processing facility.
TL;DR
Greenlight Metals is conducting a 3,000-meter drill program at the Bend copper-gold project in Wisconsin, targeting resource expansion from a 4Mt historic base.
CEO Matt Filgate has exploration and M&A experience, took early compensation in shares, and currently holds just under 400,000 shares.
The company operates in Wisconsin, a jurisdiction that saw little modern exploration due to a 20-year mining moratorium lifted in 2017.
Executive compensation is below peer average, and there are no insider-held royalties on any of the company’s projects.
Greenlight holds multiple projects but is currently focused on Bend and Lobo East, while exploring the idea of a centralized processing facility.
READ THE FULL REPORT HERE →
One of the World’s Largest Graphite Deposit
Sarytogan Graphite owns one of the world’s highest-grade natural graphite deposits in Kazakhstan, with a pre-DFS strategy focused on staged development, metallurgical de-risking, and securing off-take agreements. The conversation with CEO Sean Gregory covers a wide range of operational and strategic issues, including the company’s financials, insider ownership, royalty structure, marketing efforts, permitting in Kazakhstan, the role of the European Bank for Reconstruction and Development as a strategic investor, and more.
TL;DR
Sarytogan Graphite is in the pre-feasibility stage of developing a large graphite deposit in Kazakhstan with an initial capex estimate of US$62 million.
CEO Sean Gregory and co-founder Waldemar Müller hold equity and performance-based compensation, while Müller retains a 3% royalty on mine-gate revenue.
The European Bank for Reconstruction and Development (EBRD) owns 17% of the company.
Offtake discussions are underway, but timelines differ by product type, with battery-grade qualification expected to take several years.
The company holds approximately AUD $3.5 million in cash and plans to deliver a DFS by mid-2025, while keeping spending focused on technical work and marketing.
READ THE FULL REPORT HERE →
+60,000m of Drilling for Gold in the Abitibi
Radisson Mining has paid for the production of this interview. Read the warning at the bottom of the post to understand all potential conflicts of interest.
Radisson, which operates the high-grade O’Brien gold project in Quebec’s prolific Abitibi region, has committed to drilling at over 60,000 metres. The interview comes amid a surge in gold prices and growing scrutiny over how junior miners are valued in today’s market. CEO Matt Manson discussed the company’s recent developments, the stock’s valuation, a substantial financing round, and aggressive drilling plans.
TL;DR
Despite a significant drilling program and a recent $12M financing, the stock has underperformed, something Manson attributes to broader market undervaluation of junior gold explorers.
Radisson is drilling deep step-outs below the historic O’Brien mine, aiming to expand its current 1M oz resource to 3 to 4M oz.
They’ve opted for non-brokered financings to retain control and quality investor participation, including all insiders who participated in the latest round.
No updated resource estimate or PEA is expected until the current drill campaign is complete, given that Radisson sees O’Brien not just as a high-grade niche deposit but as a potentially large, scalable mine.
News flow is expected to be steady throughout the rest of the year.
READ THE FULL REPORT HERE →
Upcoming Interviews
Upcoming interviews get announced at the bottom of the home page on https://resourcetalks.com. If you have any questions for these companies, please send me an email or fill in the form at the bottom of the home page.
VERY IMPORTANT WARNING
This post included paid-for content. Resource Talks has been compensated by Radisson Mining and the Ore Group for the production of this content.
Furthermore, it is imperative for viewers, listeners, and readers to understand that Resource Talks is not a research platform. It’s a business that aims to receive compensation for the creation and publication of content from the parties that it covers. This means there will always be a potential conflict of interest, which means you can never rely on anything said herein. Additionally, Stephen Stewart has a non-arms-length relationship with a party that has an interest in the company that owns Resource Talks.
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The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don’t read the official documents provided by the company on http://www.SedarPlus.ca, you will lose all of your money.
Thank you for reading. I wish you a great week.