Grizzle Pod: Thematic Growth Investing

Welcome to the Fall 2026 Critical Minerals Roundtable, where we take the temperature of the current investment environment across the global resource supply chain. This installment features insights from executives actively deploying capital and advancing projects in the copper, uranium, lithium, and polymetallic sectors. With current commodity prices presenting unique valuation opportunities, our guests unpack the macro drivers, government funding initiatives, and structural supply deficits shaping the market. Join us as we explore the strategic roadmaps, upcoming catalysts, and paths to production for some of the most compelling independent players in the critical minerals space.Companies:Faraday Copper (TSX:FDY) - Paul Harbidge, CEOAnfield Energy (NASDAQ:AEC) (TSXV:AEC) - Corey Dias, CEOEcora Royalties (TSX:ECOR) (LSE:ECOR) - Kevin Flynn, CFOHilltower Resource Advisors - Tracy Schuchart, FounderAtlas Lithium (NASDAQ: ATLX) - Marc Fogasa, CEOHot Chili (TSXV:HCH) (ASX:HCH) - Christian Easterday, CEOStillwater Critical Minerals (TSXV:PGE) - Michael Rowley, CEOAgenda:0:00 Intro2:05 Paul Harbidge, CEO Faraday Copper | Copper15:49 Corey Dias, CEO - Anfield Energy | Uranium31:51 Kevin Flynn, CFO - Ecora Royalties | Diversified Critical Minerals44:33 Tracy Shuchart, Founder - Hilltower Resources | Copper, LNG & Oil57:02 Marc Fogasa, CEO - Atlas Lithium | Lithium1:07:26 Christian Easterday, CEO - Hot Chili | Copper 1:20:43 Michael Rowley, CEO - Stillwater Critical Minerals | Polymetallic

The latest Grizzle Hard Money Conference brought together our largest and most comprehensive lineup of producers, royalty companies, developers, and explorers to map out the current trajectory of hard asset equities across gold, silver, and Bitcoin. If there is a defining takeaway from this fall edition, it is that capital discipline and organic free cash flow have permanently replaced growth-at-any-cost as the primary drivers of shareholder value.We’ve structured the interviews into three core segments:Producers and Royalties:Kinross Gold (NYSE: KGC)OR Royalties (NYSE: OR)Cerrado Gold (TSXV: CERT)Mineros (TSX: MSA)Nations Royalty (TSXV: NRC)Bitcoin Halftime:James Seyffart (Bloomberg Intelligence): A focused look at the institutional Bitcoin landscape and ETF flow dynamics.Explorers and Developers:Cambria Gold Mines (TSXV: CAMB)West Point Gold (TSXV: WPG)Suyo Mining (RTO - TSXV: SUYO)Viva Gold (TSXV: VAU)Silver Viper Minerals (TSXV: VIPR)Agenda: 0:00 Intro1:49 David Shaver, Executive Vice President, Kinross Gold (NYSE:KGC)25:50 Heather Taylor, VP of Sustainability & Communications - OR Royalties (NYSE: OR) 38:35 Mark Brennan, CEO - Cerrado Gold (TSXV: CERT)59:52 Daniel Henao, CEO - Mineros S.A. (TSXV: MSA)1:14:04 Derrick Pattenden, CEO - Nations Royalty (TSXV:NRC)1:31:12 James Seyffart, ETF Analyst - Bloomberg LP1:59:31 Rob McLeod, CEO - Cambria Gold Mines (TSXV: CAMB)2:16:53 Derek Macpherson, CEO - West Point Gold (TSXV:WPG)2:29:00 James Tworek, SVP of Corporate Development, Suyo Mining (RTO - TSXV:SUYO)2:45:43 Jim Hesketh, CEO, Viva Gold (TSXV:VAU)2:57:35 Steve Cope, CEO, Silver Viper Minerals (TSXV:VIPR)Link to James Seyffart's New Book "Both Sides of the Coin": https://shorturl.at/ozRqZ

Live discussions with the top precious metals and bitcoin portfolio managers, strategists, and management teams. Discussing what comes next both over the short and long term for hard assets: Gold, Silver & Bitcoin. Agenda: 0:00 Intro1:31 David Shaver, Executive Vice President, Kinross Gold (NYSE:KGC)25:10 Jeroen Blokland, Blokland Smart Multi-Asset Fund49:29 Rob McLeod, CEO - Cambria Gold Mines (TSXV: CAMB)1:05:40 Derek Macpherson, CEO - West Point Gold (TSXV:WPG)1:17:25 Andrew Clark, CEO Summit Royalties (TSXV:SUM)1:29:07 Mark Brennan, Cerrado Gold (TSXV:CERT)1:48:32 Leigh Goehring, Goehring & Rozencwajg Associates2:25:14 Stephen Soock, VP Investor Relations, Heliostar Metals (TSXV:HSTR)2:39:16 Steve Cope, CEO, Silver Viper Minerals (TSXV:VIPR)2:59:55 Luke Alexander, CEO, Newcore Gold (TSXV:NCAU)Lead Partners:Kinross Gold (NYSE:KGC): https://www.kinross.com/Blokland Smart Multi-Asset Fund: https://bloklandfund.com/eng/ | https://greatrebalancing.com/Goehring & Rozencwajg Associates: https://www.gorozen.com/Godel Terminal: https://godelterminal.com/Link to Jeroen Blokland's New Book "The Great Rebalancing": https://shorturl.at/1uQadCorporate Websites: West Point Gold (TSXV:WPG): https://westpointgold.com/Cambria Gold Mines (TSXV: CAMB): https://cambriagold.com/Silver Viper Minerals (TSXV:VIPR): https://silverviperminerals.com/Cerrado Gold (TSXV:CERT): https://www.cerradogold.com/Heliostar Metals (TSXV:HSTR): https://www.heliostarmetals.com/Newcore Gold (TSXV:NCAU): https://newcoregold.com/Summit Royalties (TSXV:SUM): https://www.summit-royalties.com/Grizzle Research & Quant: https://grizzleresearch.substack.com/

Mines X Metals was on the sidelines and on the show floor of the world's largest mining conference (The Prospectors & Developers Association of Canada) hearing from CEOs on what the future holds for commodities in 2026.CONTENT0:00 Intro8:21 Cambria Gold (TSXV:CAMB) - Rob Mcleod, CEO20:50 Newcore Gold (TSXV:NCAU) - Luke Alexander, CEO29:41 Silver Viper Minerals (TSXV:VIPR) - Adam Cegielski, Chairman38:34 Power Metallic (TSXV:PNPN) - Terry Lynch, CEO54:09 Ecora Royalties (TSX:ECOR) (LSE:ECOR) - Marc Bishop Lafleche, CEO1:04:09 Anfield Energy (TSXV:AEC) (NASDAQ:AEC) - Corey Dias, CEO1:15:35 Metallic Minerals (TSXV:MMG) - Greg Johnson, CEO1:24:40 Hot Chili (TSX:HCH) (ASX:HCH) - Andrea Aravena, VP Geology1:34:56 Stillwater Critical Minerals (TSXV:PGE) - Michael Rowley, CEO1:43:43 Galleon Gold (TSXV:GGO) - David Russell, CEO1:53:19 First Phosphate (TSXV:PHOS) - John Pasalaqua, CEO2:01:17 Viva Gold (TSXV:VAU) - Jim Hesketh, CEOCOMPANY WEBSITES:Anfield Energy (TSXV:AEC) (NASDAQ:AEC): https://anfieldenergy.com/investors/Power Metallic (TSXV:PNPN): https://www.powermetallic.com/Cambria Gold Mines (TSXV:CAMB): https://cambriagold.com/corporate/Silver Viper Minerals (TSXV:VIPR): https://silverviperminerals.com/Ecora Royalties (TSX:ECOR) (LSE:ECOR): https://www.ecoraroyalties.com/Metallic Minerals (TSXV:MMG): https://metallic-minerals.com/Stillwater Critical Minerals (TSXV:PGE): https://criticalminerals.com/Newcore Gold (TSXV:NCAU): https://newcoregold.com/Hot Chili (TSX:HCH) (ASX:HCH): https://www.hotchili.net.au/Galleon Gold (TSXV:GGO): https://galleongold.com/First Phosphate (TSXV:PHOS): https://firstphosphate.com/Viva Gold (TSXV:VAU): https://vivagoldcorp.com/

Welcome to Commodity 1x1, a one-of-a-kind event in the resource sector. We are bringing you unfiltered, real-time access to the sharpest minds in the market. Each year, we gather top-tier portfolio managers, elite market strategists, and the executive management teams behind the companies defining the future of resources. We don't just scratch the surface; we dive deep into the specific assets driving the current supercycle.Join the conversation as we dissect the most critical commodities of this cycle:Precious Metals: Gold & SilverCritical Minerals: Copper, Uranium, & LithiumEnergy: Natural Gas & OilAGENDA:0:00 Intro 1:20 Warren Pies, 3Fourteen Research (NASDAQ:RAA | NASDAQ:FCTE)23:31 Steve Cope, Silver Viper Minerals - Silver (TSXV:VIPR)44:31 Terry Lynch, Power Metallic - Copper, PGEs & Polymetallics (TSXV:PNPN)1:04:54 Leigh Goehring, Goehring & Rozencwajg Associates1:43:12 Corey Dias, Anfield Energy - Uranium (NASDAQ:AEC | TSXV:AEC)2:05:36 Marc Bishop Lafleche, Ecora Resources - Critical Minerals (TSX:ECOR | LSE:ECOR)2:24:35 Heather Exner-Pirot, Macdonald Laurier Institute - Canadian Resources2:40:52 James Seyffart, Bloomberg - Bitcoin, ETFs3:04:26 Rob Weir, Lithium Royalty Corp - Lithium (TSX:LIRC)3:22:00 Luke Alexander, Newcore Gold - Gold (TSXV:NCAU)3:36:05 Ian Harris, Copper Giant - Copper (TSXV:CGNT)3:54:06 OutroLEAD PARTNERS:3Fourteen Research: https://www.3fourteenresearch.com/Goehring & Rozencwajg Associates: https://www.gorozen.com/Silver Viper (TSXV:VIPR): https://silverviperminerals.com/Ecora Resources (TSX:ECOR): https://www.ecora-resources.com/Anfield Energy (NASDAQ:AEC | TSXV:AEC): https://anfieldenergy.com/Power Metallic (TSXV:PNPN): https://www.powermetallic.com/CORPORATES:Lithium Royalty Corp (TSX:LIRC) https://lithiumroyaltycorp.com/home/default.aspxNewcore Gold (TSXV:NCAU) https://newcoregold.com/Copper Giant (TSXV:CGNT) https://coppergiant.co/

Critical minerals are the strategic metals that are front and center for investors and governments alike, Grizzle's latest installment of the Critical Minerals Roundtable provides invaluable insights on the key metals including: copper, uranium, lithium, nickel and cobalt. COMPANIES:◼️Power Metallic (TSXV:PNPN) - Terry Lynch, CEO: https://www.powermetallic.com/◼️Anfield Energy (TSXV:AEC) (NASDAQ:AEC) - Corey Dias, CEO: https://anfieldenergy.com/◼️Ecora Resources (TSX:ECOR) (LSE:ECOR) - Marc Bishop Lafleche, CEO: https://www.ecora-resources.com/inves...◼️Lithium Royalty Corp (TSX:LIRC) - Rob Weir, VP Corp Development: https://lithiumroyaltycorp.com/◼️Hot Chili (TSXV:HCH) (ASX:HCH) - Christian Easterday, CEO: https://www.hotchili.net.au/Agenda:0:00 Intro◼️Supply & Demand2:44 The Strategic Importance of Critical Minerals4:41 Addressing the Uranium Supply Crunch: Higher Prices vs. Regulatory Bottlenecks5:47 Preferred Commodity Exposure 7:02 Where will Copper Supply Growth Come From?8:18 Underappreciated Sources of Lithium Demand9:07 Where is Consensus Wrong?10:57 The Value of Commodities vs. Financial Assets13:13 Copper Supply Disruptions17:14 Copper vs. Oil 19:54 Energy Security: Nuclear Power & AI21:12 International vs. Domestic: Buyers of Emerging US Uranium Production22:19 US-Russian Relations & The Western Uranium Complex◼️Capital & Financing 22:50 Funding Environment vs. Past Cycles29:08 Royalty Pricing 31:13 Investor Appetite for Copper Investments33:13 Majors and Limited Copper Assets35:12 Governments Taking Stakes in Critical Minerals Companies36:03 New Uranium Investors36:43 Will the US Government Continue to Ease the Path to Production?37:29 The Evolution of Lithium Pricing◼️Company Specific38:50 Power Metallic: Copper, Polymetallics, PGMs & Nickel 44:11 Ecora Resources: Copper, Uranium, Nickel, Cobalt & Rare Eartchs49:51 Anfield Energy: Uranium 56:36 Lithium Royalty Corp: Lithium59:47 Hot Chili: Copper

Grizzle & Hilltower present Commodity Navigator, a Spaces show that we record live on X.The goal is to investigate small & mid cap commodity companies, ask them questions about their projects from an institutional investor perspective (opportunities and risks) - Shark Tank for stocks. In our 4th episode we were joined by: Silver Viper (silver - TSXV:VIPR) & Brixton Metals (gold/copper - TSXV:BBB)Here's the format: 2 mining companies pitching their projects Why their project has merit vs competing peers?How they'll fund it while preserving current shareholder ownership?Why this is the right management team to deliver on milestones?Why should investors invest in the stock today vs. wait and see? Outline realistic M&A optionality?

Grizzle & Hilltower present Commodity Navigator, a Spaces show that we record live on X.The goal is to investigate small & mid cap commodity companies, ask them questions about their projects from an institutional investor perspective (opportunities and risks) - Shark Tank for stocks. In our 4th episode we were joined by: Power Metallic (copper / polymetallics - TSXV:PNPN) & Northern Superior Resources (gold - TSXV:SUP) Here's the format: 2 mining companies pitching their projects Why their project has merit vs competing peers?How they'll fund it while preserving current shareholder ownership?Why this is the right management team to deliver on milestones?Why should investors invest in the stock today vs. wait and see? Outline realistic M&A optionality?

Grizzle & Hilltower present Commodity Navigator, a Spaces show that we record live on X.The goal is to investigate small & mid cap commodity companies, ask them questions about their projects from an institutional investor perspective (opportunities and risks) - Shark Tank for stocks. In our 3rd episode we were joined by: Lithium Royalty Corp (lithium - TSX:LIRC) & First Phosphate (battery grade phosphate - TSXV:PHOS). Here's the format: 2 mining companies pitching their projects Why their project has merit vs competing peers?How they'll fund it while preserving current shareholder ownership?Why this is the right management team to deliver on milestones?Why should investors invest in the stock today vs. wait and see? Outline realistic M&A optionality?

Grizzle & Hilltower present Commodity Navigator, a Spaces show that we record live on X.The goal is to investigate small & mid cap commodity companies, ask them questions about their projects from an institutional investor perspective (opportunities and risks) - Shark Tank for stocks. In our 2nd episode we were joined by: Anfield Energy (uranium - NASDAQ:AEC | TSXV:AEC) & Cerrado Gold (gold/critical minerals - TSXV:CERT). Here's the format: 2 mining companies pitching their projects Why their project has merit vs competing peers?How they'll fund it while preserving current shareholder ownership?Why this is the right management team to deliver on milestones?Why investors should invest in the stock today vs. wait and see Outline realistic M&A optionality