So many speakers over the last three days have made mention of the need to attract more young people to our industry. That’s what makes our Student Partnership Program, sponsored by Glencore, IAMGOLD, and OR Royalties, so special. Students from a variety of Canadian universities teamed up to solve real world problems, collaborate under pressure, and professionally present to judges from each of the sponsor companies. This year, the students were challenged to find a company from among those at THE Event and present its compelling value proposition to the judges. We’re so proud to recognize all our participants in this program, and celebrate: • Team 10, the winner of the OR Royalties Track, for their work pitching U.S. Gold • Team 8, the winner of the IAMGOLD Case Study Track, for presenting First Mining Gold • Team 2, the winner of the Glencore Track and the best overall team, for presenting Northisle Copper and Gold • Outstanding students Penda-Anna Diagne and Jean-Thomas Parizeau-Breton • Most valuable participant Raymond Bushan. Professionalism, enthusiasm, and camaraderie were hallmarks of this year’s program. Congratulations to all the students who joined us this year—we look forward to hosting on the stage again when you are running your own companies!

That’s a wrap! Thanks for following our live reports over the last three days. We appreciate all your reposts, comments, and shares along way. Have a great field season, everyone. Québec City is over and out. À la prochaine, Québec !

Mining contributes $120B to GDP and generates 700,000 jobs in Canada, which is home to approximately half of the world’s publicly-listed mining companies. The Honourable Kody Blois, Parliamentary Secretary to the Prime Minister, opened with these statistics as he closed out the conference with a keynote during which shared three key things the federal government is doing nationally to support the industry: • Establishing the Major Projects Office whose mission is to streamline permitting for projects of significance. Fifteen projects have been referred to this office; five of those are tied to the mining sector • For the first time since 1989, the government is spending 2% of GDP on defence, and plans to grow this to 4%, a goal that is inextricably tied to the industry • Diversifying trade relationships while continuing to engage with our neighbours to the south, finding ways to share our mineral endowment with the world. Blois also acknowledged the need to reduce permitting timelines for projects at all stages of the mining lifecycle and talked about how the government is addressing the skilled trades labour gap. “Canada is a mining economic global superpower, and we want to do more.”

The inimitable Terry Salman returned to the stage again this year to close out the day with a keynote speech. Salman shared his concerns about global uncertainty and cautioned about nearly non-existent supply chains, all while remaining optimistic about investing in junior companies. He also entertained us with stories about jogging in the Gobi desert with Robert Friedland, not returning a call to Eric Sprott about doing something together (“a regret”), and how Ross Beatty is like “a squirrel—hiding nuts he can come back to later.”

“We’re a very newsy company,” said David Christie of Globex Mining Enterprises, who spoke about the company’s business model of acquiring properties, working properties then selling the properties while retaining a royalty. He said 300,000 metres of drilling is underway across Globex's portfolio of wholly-owned properties, royalty properties, and option properties. Globex has a very tight capital structure, no warrants, and approximately $40M in the treasury. Graham Downs returned to the stage to close out the day’s corporate presentations. He presented on Cascadia Metals, which is exploring for gold and copper in Yukon, and last month announced a strategic alliance with Agnico Eagle. Cascadia is focused on the Carmacks property where its goal is to double its copper resources from its current MRE of 65M pounds in the M I category. Cascadia has $15M in working capital, an experienced management team with a strong track record of discovery in Yukon. $GMX.TO $CAM.V

Our last panel discussion perfectly summarized a day focused on explorers and developers. Moderated by Adrian Day, six panelists intimately familiar with companies that are just at the start of the mine life cycle considered what makes a successful junior. Fundamentally, it starts with a great asset in a great jurisdiction. Great assets attract great people and great people attract investments. Maintaining and continuing to attract investment depends on building trust—with your shareholders, your Indigenous partners—and executing. Key to trust is transparency, discovering the bad along with the good, and presenting the whole picture. Panelists also considered the gnarly conundrum of dilution: how do you fund exploration and advancement while protecting your capital structure, are royalties a good financing vehicle, or are joint ventures the way to go. Other topics included whether it’s best to focus on building a single district or a pipeline of projects, common traps juniors fall into, and importance in understanding the value of your own company. Panelists: Matt Manson, Radisson Mining Resources Inc; Trey Wasser, Dryden Gold Corp; Rana Vig, Blue Lagoon Resources Inc; Kiran Patankar, Maple Gold Mines; Orin Baranowsky, NexGold Mining Corp; Stephen Soock, Heliostar Metals. $RDS.V $DRY.V $BLLG.CN $NEXG.V $MGM.V $HSTR.V

Pascal Hamelin took to the stage to present Abcourt Mines, an “all inclusive opportunity” that’s transforming from a small producer to a polymetallic camp. He explained how the company is ramping up to commercial production, building on its major gold discovery in Flordin, and redeveloping the former Barvue silver zinc mine, where a 2,000 metre drill program was launched earlier this week: abcourt.ca/news/abcourt-laun… Brian Miller of Astra Exploration took us to Argentina and Chile next, the company’s strategy to build a pipeline of company-making opportunities in those countries. Astra is focused don high grade deposits that deliver high margins, recently closed a bought-deal, and has a supportive shareholder base anchored by Michael Gentile. Trey Wasser took to the stage next, cautioning that he would be making some bold forward-looking statements as he made the case that Dryden Gold is uncovering the next Red Lake District at its Gold Rock Camp in Ontario. Dryden is led by a team experienced in building junior mining companies, has $20M in working capital, and is supported by strategic investors including Alamos Gold and Centerra Gold. $ABI.V $ASTR.V $DRY.V

A four-billion-year-old diverse mineral endowment, world-class discoveries, centuries of production, strategic location, and a skilled workforce are just some of the things that make the resource sector in Newfoundland & Labrador so special, said Keith Bradbury, Department of Energy and Mines for the Government of Newfoundland & Labrador in his keynote kicking off a spotlight panel on the province. The discussion led by Angie Stockley of SSAF Exploration centered around the drivers fostering a vibrant industry at every stage of the mining life cycle and across diverse commodities: • Permitting—a streamlined, collaborative approach that could be a model to other provincial governments. • Skilled Workforce—although panelists acknowledged the availability of local skilled labour, they did say they were looking for continued and accelerated migration of skilled labour back to the province. • Certainty—companies can raise money to build because they can stand in front of investors demonstrating timely project advancement. • Wealth Generation—the projects have the potential to create two or three generations of wealth in a region that has traditionally not always enjoyed prosperity. Newfoundland & Labrador consistently ranks as one of the top 10 jurisdictions for mining, well above not just other provinces but throughout the world. Panelists: Nolan Peterson, Atlas Salt; Daniella Dimitrov, Equinox Gold; Darren Cooke, Firefly Metals; Keith Boyle, New Found Gold and Farzad Nader, Red Paramount Iron $SALT.V $EQX $FFM.TO $NFG.V

Brock Colterjohn remained on a stage for a fireside chat that started on our next session of company spotlights. He spoke about how Onyx Gold is creating value through exploration at its two strategically located property packages in Yukon and Ontario, where the company’s Golden Mile, Timmins South, and Munro-Croesus projects. All are on or near major productive geological structures, and drills are turning consistently. In fact, Onyx released a press release this morning announcing an extension to the Argus Gold system: onyxgold.com/onyx-gold-exten… The word unique featured once again in Brad Rourke’s presentation on Scottie Resources, who presented next. He spoke about how 15 shareholders own approximately 70% of the company’s shares outstanding, which stand at 76M. The register includes some prominent names like Ocean Partners, for which Scottie is the largest gold investment internationally. Rourke also provided updates on exploration at its gold and silver properties in the Golden Triangle of British Columbia. Did you know that Scorpio Gold has a connection to Howard Hughes? (Yes, that Howard Hughes) As Harrison Pokrandt explained, Scorpio is exploring four geologically continuous properties in Nevada’s Manhattan District, which was first mined by Hughes. Pokrandt outlined how the company’s goal is to grow its maiden resource from 740K ounces to 2M ounces of gold over the next 12 months at their 100% owned district along the Walker Lane Trend. In case you were wondering, Spanish Mountain Gold is not operating in Spain. As Mark Ruus explained, this emerging developer comes from a mountain and lake in British Columbia’s Cariboo District, where it is one of three major gold projects. He shared how the company is advancing its eponymous project targeting completing a feasibility study in 2027. Initial studies have shown the mine has the potential to have a long life, sustainable large scale, and deliver high early cash flow. Every conference needs at least one takeover announcement, and this week it’s the proposed acquisition of Cygnus Metals by Central Asia Metals, announced on Tuesday: centralasiametals.com/acquis… Nick Kwong of Cygnus Metals, closed out our session with a fireside chat, outlining why this is a good deal for shareholders and how it will help advance the Chibougamau Project Copper-Gold Project in Quebec. “This really is a win-win,” said Kwong, noting the healthy premium for Cygnus shareholders. $ONYX $SCOT.V $SGN.V $SPA.V $CYG.V

Nicole Hoeller introduced the Yukon Mining Alliance to anchor a spotlight on Yukon, its mineral endowment and potential. The spotlight began with a panel discussion moderated by Dr. Nicole Adshead-Bell. Highlights included: • Multi generational deposits—in the last decade, companies have shown that there are world class discoveries to be made there, said Brock Colterjohn of Onyx Gold. • First Nations leadership—Selkirk Copper’s Colin Jourdie explained how the Selkirk First Nation acquired the company’s project and found partners who would do the work well. • Accessibilty—only a couple hours flight from Vancouver, Yukon is accessible and benefits from political support for the industry, said David D’Onofrio of White Gold, who yesterday spoke about the Yukon gold rush at the turn of the last century and continues today. $CAM.V $ONYX.V $SCMI.V $WGO.V

We stayed in the Abitibi, closing out this first session of company spotlights with a fireside with Matt Manson of Radisson Mining. Manson, who described himself as a refugee from the diamond business, spoke about how Radisson is advancing the O’Brien Gold Project. Radisson is pursuing one of the biggest fully-funded drilling programs in Canada right now, running eight rigs that are drilling 140,000 metres, while planning for development at a historic mine in the 25M ounce Cadillac-Bousquet Camp. $RDS.V

Shawn Heinrichs of 1911 Gold kicked off the first series of corporate presentations on Explorers and Developers Day. It’s an apt beginning as 1911 is both a gold explorer that’s leveraging three recent discoveries to target production in 2027 at its vast fully-permitted mining complex in Manitoba. Located just west of the Red Lake Camp, the company has a defined production path and district exploration opportunity. “It’s a big year for 1911, and we’re excited about where we are going,” said Heinrichs. Up next was Louis Archambeault of Valkea Resources, which has the second largest landholder in the Lapland region of Finland after Agnico Eagle. This early stage exploration company is an early mover in a region that’s similar to the Abitibi, “but about 50 to 70 years behind in terms of development.” Unique. That is the word of the day when it comes to US Gold, presented by Luke Norman. The company has one of the only permitted, ready to go projects in North America in its CK Gold Project. Located in Wyoming, CK has 1M ounces of gold, 260M pounds of copper, and room to grow. This NASDAQ listed company has 16M shares outstanding and US$36M in the treasury. We returned to the Abitibi with Maple Gold Mines, presented by Kiran Patankar, and Agnico Eagle, the company’s largest shareholder. Patankar explained how the company vision is to become the next multi-million ounce gold camp in the belt. Maple has a focused strategy of doing focused exploration and disciplined development, building out its Douay and Joutel resources, which together have approximately 5M ounces with potential to grow. $AUMB.V $OZ.NE $USAU $MGM.V

Welcome to day three! Adrian Day of Adrian Day Asset Management launched the morning speaking on Apart from gold, what else? After a fulsome analysis on the gold market that demonstrated why he remains bullish on gold, he highlighted two commodities that he is also bullish on: • Copper—”an astonishingly good investment” • Oil—has grossly underperformed, and is expected to rise. Follow along as we continue to post live from Quebec City.

The inimitable Terry Salman returned to the stage again this year to close out the day with a keynote speech. Salman shared his concerns about global uncertainty and cautioned about nearly non-existent supply chains, all while remaining optimistic about investing in junior companies. He also entertained us with stories about jogging in the Gobi desert with Robert Friedland, not returning a call to Eric Sprott about doing something together (“a regret”), and how Ross Beatty is like “a squirrel—hiding nuts he can come back to later.”

We’re on the home stretch! Gordon Robb of ES Gold Corp., took to the stage to share how the company is racing toward the finish line, advancing toward commissioning the mill at its Montauban project. Montauban is a historic mine with a non compliant resource. The company’s strategy is to clean up and mine the historic tailings generating revenue to fund an extensive drill campaign on the property. We shifted from a company racing to the finish line to a company that may be at the starting line for a rerating. Brian Penny of Wallbridge Mining explained in a fireside chat how the company recently closed a game-changing C$56M financing that will allow it to advance its Fenelon project to pre-feasibility. The financing brought in a new strategic shareholder, Waratah Capital Advisers Limited, which took 19.9%, and increased Agnico Eagle’s position to 19.9%. The company also plans to move forward under a new name, Sunday Lake Gold, and complete a 20:1 consolidation, reflecting its transition to this next chapter. We’re closing out the day’s investor presentations with GEOMEGA Resources, a Quebec based company, working to turn waste into capital streams. Kiril Mugerman explained how the company’s technology could replace the need to build new mines. The goal is to license the technology in deals that include a royalty on the recoveries. This morning the company announced that it had received an environmental permit for its rare earth magnet demonstration plant in Saint-Hubert.

After multiple presentations on gold, copper and critical minerals since the conference began, we turned to a panel on silver moderated by Phillips S. Baker, who is marking 40 years in the industry this year. Panelists Peter Lekich of New Pacific Metals; Robert Bruggeman of Outcrop Silver Corp; Shawn Khunkhun of Contango Silver and Gold Inc opened by talking about how the market doesn’t understand the cumulative silver market deficit. Silver is an industrial metal, an alternative to gold, and a speculative investment vehicle, all of which has an impact on market dynamics. Demand for silver investment has grown from almost negligible to 25% in 2025, while demand for solar panels was 19% in 2025, yet wasn’t even charted in 2000. Overall, silver demand has grown by 40%, even though one driver—photography—has disappeared entirely.

When you’re looking for elephants, you want to be in elephant country. As Nicole Hoeller of Mithril Silver and Gold Limited ably demonstrated, Mithril is in elephant country. She talked about exploration at the company’s Copalquin and La Dura projects, which are surrounded by some of Mexico's major silver producers and sit in the prolific Sierra Madre gold-silver trend. Derek MacPherson then sat down for a fireside chat on West Point Gold. The company is focused on its Gold Chain project, which is on the Arizona side of the Walker Lane Trend. He explained that Gold Chain has been overlooked because it doesn’t have traditional pathfinder elements, and how the company is using Hyperspec to identify targets on this large, district-scale epithermal gold system. Two is a key number for Azimut Exploration, presented next by Jean-Marc Lulin. The company is advancing from being a project generator to advancing two gold projects: Elmer and Wabamisk, which has had two gold discoveries in the past two years. Azimut also has exposure to critical minerals through two projects, and is planning 20,000 metres of drilling across its portfolio in 2026. “I believe the next couple of results will be quite significant because things are starting to shape up,” said Mathieu Savard of Vior Gold Corp., which released exploration results from its Ligneris Project near Amos in Quebec yesterday: vior.ca/new/vior-gold-corpor… Savard spoke about getting addicted to discovery, as he was a key part of the teams that discovered the Éléonore gold deposit and the Lynx zone at Windfall. He explained how he’s looking to make it a hat trick with Vior.

For the last panel of the day, Nicole Adshead-Bell led a packed panel on Powering the Transition: Critical Minerals. The conversation focused on how seven companies are powering their own transitions from discovery to development to production. Highlights include: • Partnerships: collaborating with First Nations and government are vital to advancement and success • People: a key differentiator, as the right management team can create or destroy enormous value • Education: communities and governments are still learning about critical minerals like niobium, while critical minerals companies need to learn about the intricacies of the markets they are entering • Collaboration: between companies and throughout the industry, whether it comes to solving technical challenges or improving the overall perception of mining where we work and more broadly • Costs: the CAPEX required to build a precious metals project into a mine are far less than what you need for a copper or iron ore project Panelists: Melissa Mackie, Gunnison Copper; Guy Goulet, Cerro De Pasco Resources Inc; Nicholas Van Dyk, Northisle Copper and Gold Inc; Joseph Carrabba, North American Niobium; Jeremy Neimi, Juno Corp; Peter Espig, Nicola Mining.