How Close Are We To Running Out Of Critical Assets? Executives' Dire Warning | Algo Grande Copper
Summary
Copper Outlook: Copper at all-time highs driven by structural supply-demand imbalances, aging mines, falling grades, and accelerating demand from electrification and technology.
Company Pitch: Aldo Grande Copper Corp (tickers ALGR/KNDYF) promotes a high-grade copper-gold-silver scarn project in Sonora, Mexico with multi-deposit potential and strong early drill results.
Mexico Mining: The Sonora–Arizona porphyry belt offers top-tier geology, robust infrastructure, proximity to markets, and supportive government, enhancing project economics and timelines.
Exploration Technology: Advancements such as oriented core, drone mag, LiDAR, and detailed geochem improve targeting, de-risk drilling, and boost ROI by raising discovery success rates.
Polymetallic Advantage: Producing copper, gold, and silver diversifies revenue, reduces single-commodity volatility, and suits standard flotation processing with >80% recoveries reported.
M&A Environment: Increased mining M&A activity and a busy PDAC signal sustained interest as majors seek to refill aging project pipelines.
Risks and Mitigation: Key risks are geology and jurisdiction; the team emphasizes data-driven de-risking, strong community relations, and land-use rights to manage these factors.
Milestones: Near-term plans include 5,000–7,000 meters of drilling to expand the high-grade scarn, adding a second rig along a 6 km corridor, and refining targets for a potential porphyry feeder.
Transcript
In the past, you know, people never question all these technologies that they use, the phone, the car, they never question where these materials came from. And everybody starting to worry actually where do all these materials come from? Even before raising the money, the first order of business was to make sure that the people, the communities around the project wanted us there. >> Okay. >> So, without that, I you know, we would never have bought the project. >> One of the most critical minerals in our society, copper, has now reached all-time highs. Where does it go from here? What does it mean for our economy, our society when copper is at unprecedented levels? What is it signaling? We're going to find out what's next for economy as well as what's next for the mining industry with our two guests today. Um, Enrio Guy, CEO, and Raw Rosha, VP exploration of Aldo Grande Copper Corp. This is a very interesting project based in Mexico. We'll be talking about your project and what's next. ticker ALGR on the TSXV and KN DYF on the US OTC exchange. Gentlemen, welcome to the show. >> Thank you. Thank you for having us, David. >> We're at the PDAC, the world's largest mining conference. This is the sideline, of course. >> Given that you've been meeting people all week, what indicators do you have just from your ex conversations with investors, your business partners that may signal to you that this bull run is not over? I think for me the the biggest signal is the amount of M&A that we're seeing in the space. Uh we're seeing larger mining companies, you know, are starting to realize that, hey, we we got to look for more projects. You know, they're looking 5 years, 10 years down the line, all of their projects are aging. >> Yeah. >> And they have to continue to feed that pipeline >> and and you're starting to see a lot of acquisitions happen. and small companies like us that have exploration projects are getting contacted and um you know there's there's appetite there's there's interest out there and obviously from the audience the investor audience as well >> um I could say pedak at the conference this year was probably one of the busiest I've ever seen it >> um so yeah >> I've read a post on X that because it's the busiest he's ever seen it that this is a market top signal. >> Okay. How do you respond to that? >> I I would I would very much disagree in terms of the the fundamental the fundamentals that are driving the the the price momentum in these metals. >> Yeah. >> And there is a real uh shift happening I think in our economy and our global order. I'm a big believer that it's the the revenge of the old economy is very much a real thing at play right now. In the past, you know, people never question all these technologies that they use, the phone, the car, they never question where these materials came from. And I think now for the first time in the last few years, you know, there's a bit of a delobalization and everybody's starting to worry actually where do all these materials come from and how do we, you know, we need to make sure that they're being produced so we can continue to have the technology, you know. Yes. But you go to buy your electric car and now you have to wait 6 months >> because there is a supply issue. >> Then you know people are going to start to figure out oh actually these materials matter and without them I can't get my car. >> Why do you think copper is at all time highs? >> Copper is at all-time highs because um there is a there's a many reasons at play but there's a supply demand >> imbalance obviously. So there's more supply, there's more demand than there is supply. And it's forecasted to only grow. Uh but practical reasons for that are um grades. So the high-grade copper projects are being depleted. So the the the percentage of copper being mined is dropping. Big mines are starting to get older. And uh we need to discover and unearth >> more copper in the next 20 30 years than it's ever been mined pre previously in history. We have data centers, artificial intelligence >> and the electrification at hand that is pushing the demand for copper which is you know as as we know is really the only metal that can be used to electrify and and create these technologies. So it's only a matter of >> I'm going to switch now to uh Huawe. So it's been reported by different sources and different research um institutions that global copper demand is expected to surge anywhere between 40 to 50% by 2040 for all the reasons that Enrico stated previously. So what can the mining industry do to catch up to that demand if anything? >> Yeah. Well, so we all know that like Enrico said, the copper demand is growing by the day and we in the geological world, you don't have enough discoveries to feed this this need that will happen in the next few years. >> Is that because of lack of equipment, lack of technology or just no rocks in the ground? >> It's just a matter of depth in terms of your deposits. So as you go as as a as a country matures what you have at surface was already found and you need to go deeper as you go deeper it's more expensive so you need to come with better ideas or you mind smaller deposits that are at surface this is one case in our in our license we have this scan in our license which is not the biggest deposit in the world but it's minable and as the time goes by these type of deposits get get more and more attention by the market. >> Can you assess the difficulty of extracting copper and also exploring for copper? I know those are two different things, but exploring for copper now and extracting for copper now versus 20 years ago. >> Yeah. So, in my view nowadays is much more easier for you to apply new technology. In the last 10 to 15 years, there was a massive grow in terms of new technology. And this allow us to do to see deeper to see with more detail and to do wrist drilling. But like Enrico said, we need to start looking for the the big companies need to start looking into other deposits. So nowadays you move at a pace that you didn't do 20 years ago. So now you can find more faster but sometimes what you find will not be your massive deposit but you can look into high rate like what we are doing. >> What about drilling technology? Have we advanced such that the throughput and the output is higher >> per unit of time? Oh yeah. Like we are drilling much better down now than than before. We drill much more quality. You lose you lose you don't lose as much core as before. Like your recoveries are much better. And also it's not just about how you drill is how much information you take from your drilling. Yeah. >> Nowadays you can you have a lot of different methods to take a lot of data that will give you a definition underground that you didn't have before. So the quality that you can extract from a core nowadays is much better than before and with this just get gets you much better discoveries along the time. Enrio, what does this translate for the investor if it's easier with more technology? Now the average dollar per ounce drilled today versus 20 30 years ago. Is it higher or lower? >> Well, it's really about ROI of the drill and it's not about if it's easier to drill. I I would say that I would say that drilling is is is you know is still drilling but it's about the the amount of d-risking you can do >> before you drill. So the access to new technologies has allowed us to get more high quality data to decide where we want to drill and derisk those drill holes right because an expiration company is valued based on the success rate of those drill holes. So the more data you have, the higher the chances that you will have success in those drill holes. So that that's really where the new technology I think is coming at hand. >> So your company is currently still in small cap status. Tell us about the size and the market cap basis and what kinds of risks that investors have typically talked to you about that you would want to address. >> So our market cap is currently between 30 and $35 million Canadian valuation. um you know the the the the major risks uh that that are involved in an exploration project are really geology >> and jurisdiction. Um you know it comes down to un you know understanding the geology that's why and that and we'll go back to the data. So what is the quality of your data before you start to drill, you know? Um, so we've put a great amount of emphasis in taking all of the historical data that existed on this project and reprocessing it using new technologies and being able to map everything in three in a 3D model. Um, so when it comes to geological risk again, we're are how are we derisking that? By uh maximizing the value out of the data and getting new data. So we're getting a drone uh detailed drone magnetic survey which is really important cuz our scar is magnetite rich in certain areas. So when you have magnetite you're going to have successful response in the in the in the drone mag. So we're going to do that. We're doing a soils geocchem geochemical pro uh soils geocam uh campaign which will touch on um and we are doing a lighter survey on on the license. Um, and when it comes to jurisdiction, it it's all about managing people and making sure that that you have a good relationship with the communities that you're working with and and you're working on on the land and uh that that you know that they are wanting you to work there. So, we have good relationships with our communities. We have land use rights >> and we take that extremely seriously. uh Jo from a geologist perspective tell us about uh the jurisdiction of Mexico in which you operate and then we'll talk about the projects themselves but just let's start big picture the jurisdiction of Mexico >> uh what makes it unique >> it's one of the best jurisdictions in the world so you are in the Sonora Arizona pfrey belt which is one of the most prolific belts in the world this belt produced some of the biggest mines in the world >> the average reader can try and find about Moreni about Cananaa. These are mines that have been active for the last 100 years. Like in Rit was saying the problem of a mine with 100 year. Yeah. >> And it's is starting to get old. So but you don't have in in a in a belt like this when you have so much big mines it means the system is really active. And when I when I say system is active you have a lot of copper around in this case. So you could not have a better jurisdiction than Mexico. And this is in a copper part. We also know that Mexico is the biggest producer of silver in the world. Yeah. >> So, geologically is one of the one of the richest jurisdictions that you can find. >> So maybe explain to someone like me who's not an expert in geology or geologist. So when you say that a jurisdiction is one of the best for a particular metal, Yeah. Are you just talking about how much of the metal is in there or are there other factors that you would consider as a geologist to evaluate how good a jurisdiction is versus let's say another country close close by? >> Yeah. So, so we evaluate jurisdictions not just in the geological side. We know that the the metal content in Mexico is really high, but knowing that we have big mines around also allows you to have all the infrastructure ready. So that also brings your costs in terms of production low lower. So this is what you have in Mexico. You have a jurisdiction that in terms of metal is really high, but you have all the infrastructure that you need if you're going to go to extract, which is what Alita will do in the future. So it's one of the best jurisdictions because of this. You are not that remote. You are close to big markets. You have ways to ship your ore if you need to. And on top of this, you have ex excellent geology with with extreme potential to to create big deposits. >> Investors want high-grade deposits. What does that mean? What does that word mean? >> The high grade means that you are you are on the money basically. So your deposit has enough grade that your cost is really low. So every time that you take the rock out, you don't need a big quantity of rock to produce copper. And that's the difference between a low grade and a high-rade deposit. If you are talking about a lowrade deposit, you need many more tons of rock to produce copper. When you are talking about about a high-grade deposit, you don't need that amount of tons. You need less tons of rock to extract the same amount of copper. >> How does that change the production costs of low grade versus high grade? >> Well, it's more economical when you have to when you have to process less earth >> to to to get to the same amount of uh ounces of metal. >> But high grade is rarer from a geology perspective. >> Yeah. Right. Yeah. High grade is more rare than a low grade deposit. >> Okay. So it's much more difficult to find a high-grade deposit. >> Yeah. With quality. Yeah. Which is what we have in our hands. >> Okay. So tell us about your project. Um starting with the location in Mexico and then the size. >> Yeah. So our project is located in southern Sonora. >> Uh we are 5 km away from the Alamod uh Paname Silver own mind. Um produce 66 million ounces of silver. Our license is 6,000 hectares. And the really to summarize the potential of our license, we have a discovery. It's a high-grade scarn uh copper, gold, silver scarn system. >> We have a 6 km limestone corridor that also holds additional scars. Uh we have we have one that we just found we tracked it for 300 meters on surface and it's three kilometers away from the principal scarn uh discovery uh and then we see potential for a feeder zone a porefree uh below the scarn um which is so it's a multi-eposit project um and um yeah we're just getting started really. >> Do you have anything else to add? No, like Enrique was saying, the beauty about our project is you have the the complete system. So you have the high-grade rock which you can mine from surface. Yeah. So you don't your capex is lower. So your cost to produce is lower because you are mining from surface. >> And as you go down, you enter into this realm of lower grade. But when you get there, you already mine the high grade. So you already making money. And this is just the copper part. We have other targets in the area that also are enriched in silver. So we have in 60 square kilometers or 60,000 acres, we have at least four targets that we think can be a mine in the future. >> What's a difference for an investor between a poly metallic mine and a pure play copper mine from a practical investor standpoint? >> So I I answer this one. So in a poly metallic your your scope and the money you can earn is much bigger because you are not tied to one commodity only. What happened in our case you can produce copper, gold and silver. So the flotation of the market will not affect you so much because if you are just in the gold or just in the copper if something happens like silver just as silver has been going up and down if you are focused on silver you are really sensitive to the market. when you are mining poly metallic like what we aim to do, you are much more secure in your investment. >> After the ore has been extracted in a poly metallic mine, um tell us about just broadly >> the extraction process of refining a poly metallic ore versus just a pure plate copper which is you know more difficult uh which is uh costlier and ultimately >> uh the timeline of refining. So all of this is project specific, right? It always depends on what you have in hand. >> We were lucky enough when we bought the property that were already mutological tests done in the property and this is when you actually know how much you can extract from what you have. We were lucky enough to know that our grades we we are we are able to extract above 80% in copper, gold and silver with just a basic flotation plant which is what you use in the mines in Sonora for example. So we know that this project is for example a good fit to some of the mines in the region and it's also a good fit for smelters around the world. So you it's chemically easy to process our ore and it's chemically cheap to do it. So it's it's it's a it's a good investment. Enrico, tell us about the history of this company, not just well the project and the deposits themselves. Like uh Jaw said there was already some tests done and then I believe you stepped in recently as co-founders. Correct. >> Yeah, that's correct. So the project was owned by Minorum Gold. >> Yeah. Uh the project was originally um staked and vended to minorum by Peter McGaw who's the founder and the geologist behind Mag Silver which was recently acquired by Pan-American Silver for 2.1 billion. >> Um so he his mind has been following this project while it was at Minorum. uh Minorum focused on a precious metals uh project in the in the last 10-15 years that they're actually putting a resource on and uh we acquired this project from Minorum and another party that owned some of it in an option agreement. Um we acquired the project because we saw a lot of potential. The more we we dug into the data, we saw that there was this very high-grade scar, but it was never drilled with orientated core. M >> scarns are tricky geologists to delineate and when you're drilling without orientated core you're not able to see the direction of the rock >> essentially again going back to the data and de-risking drill holes >> if you're you're essentially drilling blind if you're not drilling with orientated core so we started drilling in November in 2025 with orientated core for the first time on this project this is one of the many reasons why we thought hey we should we should buy this project because there's a lot of upside potential just fascinated by the story. I mean, you're two relatively younger guys compared to some other people in the space and you just stepped in >> and purchased this project. >> Yeah. >> Like what how did you do that? Tell us about the process there. >> Yeah. No, that's a great question. Um, I think it it just came from a a real ambition and wish to enter the industry. uh a real belief that we we as younger people deserve to to to get into the space and and that we bring a unique uh work ethic and a unique um ability to utilize the latest technologies to again derisk the the discoveries, >> right? Um and I'm I'm I'm a big believer that um you know there needs to be a uh balanced work relationship between the older generations and their expert expertise and the younger generation and their ability to use technology and and understand data. >> Um but our ambition was just it was driven purely by our belief that copper was going to be a very great commodity to build a business around for the next 5 10 years. uh we were going to be in a bull bull market for copper and so we we >> Yeah. >> How did you raise money? >> We raised money from uh our internal network of of investors. >> Um we were lucky enough to to find very high quality uh investors um you know whether it's a wealth manager and in our latest round >> we had an institution participate in the financing which is quite unique. Usually market companies in our market cap are they don't find it very easy to attract institutions. >> That's right. >> We believe that speaks to the quality of the project. We also did the financing without a warrant. Uh there's no warrants in our structure. Uh we believe that having a very good structure is very important to succeed in this business because you can have a great project but if the structure is you know um uh blown out uh to use that word then uh it may be very difficult for you to attract investors. >> What um and after you raised the money what was the first order of business? What was the first >> even before raising the money the first order of business was to make sure that the >> people the communities around the project wanted us there. >> Okay. >> So without that I you know we would never have bought the project. So we re-engaged the communities and we made sure they wanted us there >> before we even bought the project. Also before we bought the project we reprocessed all of the historic data on the project. And when we did that, we actually started to already create value for our future shareholders because we started to understand things that nobody ever previously understood. Um, and ultimately we raised the money and then the first order of business was let's drill specific targets and when we drilled those specific targets we came up with excellent results >> and the discovery of three additional scar horizons. Yeah. >> So immediately our first hole in already increased the size of our of our scarn. >> Okay. which is I think pretty pretty great to be able to do that within a two-month turnaround. >> Can you quick can you comment on the shareholder structure? How much of the um equity is owned by insiders versus institutions versus other miners perhaps versus retail >> post uh this latest round that we closed? So, so we we we've done two financings in this company >> uh since acquiring the project. It was a subscription receipt financing done at 37 12 cents, >> right? Um, and then we did a follow-up financing at a 75% premium. >> Yeah. >> Uh, we just closed it last week. So, in in in the end at the end of February. >> Um, and um, now our total shares outstanding are 43 million shares. >> Out of those 43 million shares, uh, insiders and strategic investors own roughly 40% of the company. And then we like I said we have uh a shareholder base that's diversified among you know retail investors high net worths as well as an institution and some wealth managers that have acquired our project for their clients. >> I uh I have one more question for you and then one more question for uh so last question for you is milestones coming up next >> what you're targeting and your short-term and long-term objectives. So our first objective is to increase the size of our high-grade copper, gold, silver, scar system. Yeah, >> that's where the bulk of the historic drilling was. That's where we have the greatest amount of data and that's the first place that we can focus on to uh to to add value for for sharehold for our shareholders. >> So we're going to drill anywhere between 5,000 to 7,000 mters uh in this area in the SCAR. >> Yeah. We're also going to bring an additional drill rig to work these uh other scar outcrops along the 6 km corridor because ultimately we believe that we're going to end up with a a multi-car package system. So you're going to have more than one scarn. >> Mhm. >> Um so those are our first objectives as well as then refine our understanding for the porefree adepth >> and be able to act on that perhaps in the near future. >> Okay, last question for you Joel. What is the future of our world in let's say 100 years when there's even more demand for these critical minerals from technology or even a higher population and there's less resources in the ground. >> Yeah. So I see it in a way that like we talked before the new technology will immersively help because you you're going to be able to mine faster. You're going to be able to mine deeper and you're going to be able to mine in a way that is more safe than is today. So this all together we know that we need more mines. So deposits like ours are really interesting and the more deposits like this we can find the better the future will be. >> But do you see a future where we run out of copper or lithium or whatever critical mineral there is >> nowadays with with the forecasts that we have if we don't consider deposits like Alita. Yeah that's a real reason. That's a real possibility. >> And then what happens? What do we do then? Say bye to your SUV, to your electric SUV, and >> your times. >> Maybe you're going to have to wait a year or two to get your car or your phone. >> Yeah, your timings will increase. So, we need >> Do you see a future where recycling replaces mining? >> Replacing. No, but recycling is getting better as we go. >> It will be part of the solution. >> Yeah. And also, one of the thing that I see is not only recycling, but also make stuff last longer. So, you don't need to produce as much. But we know that population is increasing. the comfort of the general people is increasing and that all needs resources. So we need to improve the mining first. We we cannot transition to recycling tomorrow. That doesn't exist. So we need to improve the mining part. We need to consider deposits that are high grade and perhaps smaller changes than than the ones that we are seeking at the moment. And yes, I do agree and I'm a geologist. I do agree that we need to to make the recycling process much better and make our equipments last longer. >> Yeah. What can the governments do to help this process? >> Incentivize companies. We have a lot of support from the Mexican government which we are happy to have. But yeah, incentivize mining and also on our side on the companies there was a big a big shift like our first few first thing we've done was care about the communities. The community needs to to want you there. So we need to be we need to be accepted by the communities but we we would like to have in other countries having the the the governments on our side coming with us. It's not just saying we want mining. You need to be proactive with mining and with companies. >> Okay. Thank you very much Enrio Andrew. It's very pleasure great pleasure to host you on the show. Appreciate you coming on and thank you for watching. Don't forget to like, subscribe.
How Close Are We To Running Out Of Critical Assets? Executives' Dire Warning | Algo Grande Copper
Summary
Transcript
In the past, you know, people never question all these technologies that they use, the phone, the car, they never question where these materials came from. And everybody starting to worry actually where do all these materials come from? Even before raising the money, the first order of business was to make sure that the people, the communities around the project wanted us there. >> Okay. >> So, without that, I you know, we would never have bought the project. >> One of the most critical minerals in our society, copper, has now reached all-time highs. Where does it go from here? What does it mean for our economy, our society when copper is at unprecedented levels? What is it signaling? We're going to find out what's next for economy as well as what's next for the mining industry with our two guests today. Um, Enrio Guy, CEO, and Raw Rosha, VP exploration of Aldo Grande Copper Corp. This is a very interesting project based in Mexico. We'll be talking about your project and what's next. ticker ALGR on the TSXV and KN DYF on the US OTC exchange. Gentlemen, welcome to the show. >> Thank you. Thank you for having us, David. >> We're at the PDAC, the world's largest mining conference. This is the sideline, of course. >> Given that you've been meeting people all week, what indicators do you have just from your ex conversations with investors, your business partners that may signal to you that this bull run is not over? I think for me the the biggest signal is the amount of M&A that we're seeing in the space. Uh we're seeing larger mining companies, you know, are starting to realize that, hey, we we got to look for more projects. You know, they're looking 5 years, 10 years down the line, all of their projects are aging. >> Yeah. >> And they have to continue to feed that pipeline >> and and you're starting to see a lot of acquisitions happen. and small companies like us that have exploration projects are getting contacted and um you know there's there's appetite there's there's interest out there and obviously from the audience the investor audience as well >> um I could say pedak at the conference this year was probably one of the busiest I've ever seen it >> um so yeah >> I've read a post on X that because it's the busiest he's ever seen it that this is a market top signal. >> Okay. How do you respond to that? >> I I would I would very much disagree in terms of the the fundamental the fundamentals that are driving the the the price momentum in these metals. >> Yeah. >> And there is a real uh shift happening I think in our economy and our global order. I'm a big believer that it's the the revenge of the old economy is very much a real thing at play right now. In the past, you know, people never question all these technologies that they use, the phone, the car, they never question where these materials came from. And I think now for the first time in the last few years, you know, there's a bit of a delobalization and everybody's starting to worry actually where do all these materials come from and how do we, you know, we need to make sure that they're being produced so we can continue to have the technology, you know. Yes. But you go to buy your electric car and now you have to wait 6 months >> because there is a supply issue. >> Then you know people are going to start to figure out oh actually these materials matter and without them I can't get my car. >> Why do you think copper is at all time highs? >> Copper is at all-time highs because um there is a there's a many reasons at play but there's a supply demand >> imbalance obviously. So there's more supply, there's more demand than there is supply. And it's forecasted to only grow. Uh but practical reasons for that are um grades. So the high-grade copper projects are being depleted. So the the the percentage of copper being mined is dropping. Big mines are starting to get older. And uh we need to discover and unearth >> more copper in the next 20 30 years than it's ever been mined pre previously in history. We have data centers, artificial intelligence >> and the electrification at hand that is pushing the demand for copper which is you know as as we know is really the only metal that can be used to electrify and and create these technologies. So it's only a matter of >> I'm going to switch now to uh Huawe. So it's been reported by different sources and different research um institutions that global copper demand is expected to surge anywhere between 40 to 50% by 2040 for all the reasons that Enrico stated previously. So what can the mining industry do to catch up to that demand if anything? >> Yeah. Well, so we all know that like Enrico said, the copper demand is growing by the day and we in the geological world, you don't have enough discoveries to feed this this need that will happen in the next few years. >> Is that because of lack of equipment, lack of technology or just no rocks in the ground? >> It's just a matter of depth in terms of your deposits. So as you go as as a as a country matures what you have at surface was already found and you need to go deeper as you go deeper it's more expensive so you need to come with better ideas or you mind smaller deposits that are at surface this is one case in our in our license we have this scan in our license which is not the biggest deposit in the world but it's minable and as the time goes by these type of deposits get get more and more attention by the market. >> Can you assess the difficulty of extracting copper and also exploring for copper? I know those are two different things, but exploring for copper now and extracting for copper now versus 20 years ago. >> Yeah. So, in my view nowadays is much more easier for you to apply new technology. In the last 10 to 15 years, there was a massive grow in terms of new technology. And this allow us to do to see deeper to see with more detail and to do wrist drilling. But like Enrico said, we need to start looking for the the big companies need to start looking into other deposits. So nowadays you move at a pace that you didn't do 20 years ago. So now you can find more faster but sometimes what you find will not be your massive deposit but you can look into high rate like what we are doing. >> What about drilling technology? Have we advanced such that the throughput and the output is higher >> per unit of time? Oh yeah. Like we are drilling much better down now than than before. We drill much more quality. You lose you lose you don't lose as much core as before. Like your recoveries are much better. And also it's not just about how you drill is how much information you take from your drilling. Yeah. >> Nowadays you can you have a lot of different methods to take a lot of data that will give you a definition underground that you didn't have before. So the quality that you can extract from a core nowadays is much better than before and with this just get gets you much better discoveries along the time. Enrio, what does this translate for the investor if it's easier with more technology? Now the average dollar per ounce drilled today versus 20 30 years ago. Is it higher or lower? >> Well, it's really about ROI of the drill and it's not about if it's easier to drill. I I would say that I would say that drilling is is is you know is still drilling but it's about the the amount of d-risking you can do >> before you drill. So the access to new technologies has allowed us to get more high quality data to decide where we want to drill and derisk those drill holes right because an expiration company is valued based on the success rate of those drill holes. So the more data you have, the higher the chances that you will have success in those drill holes. So that that's really where the new technology I think is coming at hand. >> So your company is currently still in small cap status. Tell us about the size and the market cap basis and what kinds of risks that investors have typically talked to you about that you would want to address. >> So our market cap is currently between 30 and $35 million Canadian valuation. um you know the the the the major risks uh that that are involved in an exploration project are really geology >> and jurisdiction. Um you know it comes down to un you know understanding the geology that's why and that and we'll go back to the data. So what is the quality of your data before you start to drill, you know? Um, so we've put a great amount of emphasis in taking all of the historical data that existed on this project and reprocessing it using new technologies and being able to map everything in three in a 3D model. Um, so when it comes to geological risk again, we're are how are we derisking that? By uh maximizing the value out of the data and getting new data. So we're getting a drone uh detailed drone magnetic survey which is really important cuz our scar is magnetite rich in certain areas. So when you have magnetite you're going to have successful response in the in the in the drone mag. So we're going to do that. We're doing a soils geocchem geochemical pro uh soils geocam uh campaign which will touch on um and we are doing a lighter survey on on the license. Um, and when it comes to jurisdiction, it it's all about managing people and making sure that that you have a good relationship with the communities that you're working with and and you're working on on the land and uh that that you know that they are wanting you to work there. So, we have good relationships with our communities. We have land use rights >> and we take that extremely seriously. uh Jo from a geologist perspective tell us about uh the jurisdiction of Mexico in which you operate and then we'll talk about the projects themselves but just let's start big picture the jurisdiction of Mexico >> uh what makes it unique >> it's one of the best jurisdictions in the world so you are in the Sonora Arizona pfrey belt which is one of the most prolific belts in the world this belt produced some of the biggest mines in the world >> the average reader can try and find about Moreni about Cananaa. These are mines that have been active for the last 100 years. Like in Rit was saying the problem of a mine with 100 year. Yeah. >> And it's is starting to get old. So but you don't have in in a in a belt like this when you have so much big mines it means the system is really active. And when I when I say system is active you have a lot of copper around in this case. So you could not have a better jurisdiction than Mexico. And this is in a copper part. We also know that Mexico is the biggest producer of silver in the world. Yeah. >> So, geologically is one of the one of the richest jurisdictions that you can find. >> So maybe explain to someone like me who's not an expert in geology or geologist. So when you say that a jurisdiction is one of the best for a particular metal, Yeah. Are you just talking about how much of the metal is in there or are there other factors that you would consider as a geologist to evaluate how good a jurisdiction is versus let's say another country close close by? >> Yeah. So, so we evaluate jurisdictions not just in the geological side. We know that the the metal content in Mexico is really high, but knowing that we have big mines around also allows you to have all the infrastructure ready. So that also brings your costs in terms of production low lower. So this is what you have in Mexico. You have a jurisdiction that in terms of metal is really high, but you have all the infrastructure that you need if you're going to go to extract, which is what Alita will do in the future. So it's one of the best jurisdictions because of this. You are not that remote. You are close to big markets. You have ways to ship your ore if you need to. And on top of this, you have ex excellent geology with with extreme potential to to create big deposits. >> Investors want high-grade deposits. What does that mean? What does that word mean? >> The high grade means that you are you are on the money basically. So your deposit has enough grade that your cost is really low. So every time that you take the rock out, you don't need a big quantity of rock to produce copper. And that's the difference between a low grade and a high-rade deposit. If you are talking about a lowrade deposit, you need many more tons of rock to produce copper. When you are talking about about a high-grade deposit, you don't need that amount of tons. You need less tons of rock to extract the same amount of copper. >> How does that change the production costs of low grade versus high grade? >> Well, it's more economical when you have to when you have to process less earth >> to to to get to the same amount of uh ounces of metal. >> But high grade is rarer from a geology perspective. >> Yeah. Right. Yeah. High grade is more rare than a low grade deposit. >> Okay. So it's much more difficult to find a high-grade deposit. >> Yeah. With quality. Yeah. Which is what we have in our hands. >> Okay. So tell us about your project. Um starting with the location in Mexico and then the size. >> Yeah. So our project is located in southern Sonora. >> Uh we are 5 km away from the Alamod uh Paname Silver own mind. Um produce 66 million ounces of silver. Our license is 6,000 hectares. And the really to summarize the potential of our license, we have a discovery. It's a high-grade scarn uh copper, gold, silver scarn system. >> We have a 6 km limestone corridor that also holds additional scars. Uh we have we have one that we just found we tracked it for 300 meters on surface and it's three kilometers away from the principal scarn uh discovery uh and then we see potential for a feeder zone a porefree uh below the scarn um which is so it's a multi-eposit project um and um yeah we're just getting started really. >> Do you have anything else to add? No, like Enrique was saying, the beauty about our project is you have the the complete system. So you have the high-grade rock which you can mine from surface. Yeah. So you don't your capex is lower. So your cost to produce is lower because you are mining from surface. >> And as you go down, you enter into this realm of lower grade. But when you get there, you already mine the high grade. So you already making money. And this is just the copper part. We have other targets in the area that also are enriched in silver. So we have in 60 square kilometers or 60,000 acres, we have at least four targets that we think can be a mine in the future. >> What's a difference for an investor between a poly metallic mine and a pure play copper mine from a practical investor standpoint? >> So I I answer this one. So in a poly metallic your your scope and the money you can earn is much bigger because you are not tied to one commodity only. What happened in our case you can produce copper, gold and silver. So the flotation of the market will not affect you so much because if you are just in the gold or just in the copper if something happens like silver just as silver has been going up and down if you are focused on silver you are really sensitive to the market. when you are mining poly metallic like what we aim to do, you are much more secure in your investment. >> After the ore has been extracted in a poly metallic mine, um tell us about just broadly >> the extraction process of refining a poly metallic ore versus just a pure plate copper which is you know more difficult uh which is uh costlier and ultimately >> uh the timeline of refining. So all of this is project specific, right? It always depends on what you have in hand. >> We were lucky enough when we bought the property that were already mutological tests done in the property and this is when you actually know how much you can extract from what you have. We were lucky enough to know that our grades we we are we are able to extract above 80% in copper, gold and silver with just a basic flotation plant which is what you use in the mines in Sonora for example. So we know that this project is for example a good fit to some of the mines in the region and it's also a good fit for smelters around the world. So you it's chemically easy to process our ore and it's chemically cheap to do it. So it's it's it's a it's a good investment. Enrico, tell us about the history of this company, not just well the project and the deposits themselves. Like uh Jaw said there was already some tests done and then I believe you stepped in recently as co-founders. Correct. >> Yeah, that's correct. So the project was owned by Minorum Gold. >> Yeah. Uh the project was originally um staked and vended to minorum by Peter McGaw who's the founder and the geologist behind Mag Silver which was recently acquired by Pan-American Silver for 2.1 billion. >> Um so he his mind has been following this project while it was at Minorum. uh Minorum focused on a precious metals uh project in the in the last 10-15 years that they're actually putting a resource on and uh we acquired this project from Minorum and another party that owned some of it in an option agreement. Um we acquired the project because we saw a lot of potential. The more we we dug into the data, we saw that there was this very high-grade scar, but it was never drilled with orientated core. M >> scarns are tricky geologists to delineate and when you're drilling without orientated core you're not able to see the direction of the rock >> essentially again going back to the data and de-risking drill holes >> if you're you're essentially drilling blind if you're not drilling with orientated core so we started drilling in November in 2025 with orientated core for the first time on this project this is one of the many reasons why we thought hey we should we should buy this project because there's a lot of upside potential just fascinated by the story. I mean, you're two relatively younger guys compared to some other people in the space and you just stepped in >> and purchased this project. >> Yeah. >> Like what how did you do that? Tell us about the process there. >> Yeah. No, that's a great question. Um, I think it it just came from a a real ambition and wish to enter the industry. uh a real belief that we we as younger people deserve to to to get into the space and and that we bring a unique uh work ethic and a unique um ability to utilize the latest technologies to again derisk the the discoveries, >> right? Um and I'm I'm I'm a big believer that um you know there needs to be a uh balanced work relationship between the older generations and their expert expertise and the younger generation and their ability to use technology and and understand data. >> Um but our ambition was just it was driven purely by our belief that copper was going to be a very great commodity to build a business around for the next 5 10 years. uh we were going to be in a bull bull market for copper and so we we >> Yeah. >> How did you raise money? >> We raised money from uh our internal network of of investors. >> Um we were lucky enough to to find very high quality uh investors um you know whether it's a wealth manager and in our latest round >> we had an institution participate in the financing which is quite unique. Usually market companies in our market cap are they don't find it very easy to attract institutions. >> That's right. >> We believe that speaks to the quality of the project. We also did the financing without a warrant. Uh there's no warrants in our structure. Uh we believe that having a very good structure is very important to succeed in this business because you can have a great project but if the structure is you know um uh blown out uh to use that word then uh it may be very difficult for you to attract investors. >> What um and after you raised the money what was the first order of business? What was the first >> even before raising the money the first order of business was to make sure that the >> people the communities around the project wanted us there. >> Okay. >> So without that I you know we would never have bought the project. So we re-engaged the communities and we made sure they wanted us there >> before we even bought the project. Also before we bought the project we reprocessed all of the historic data on the project. And when we did that, we actually started to already create value for our future shareholders because we started to understand things that nobody ever previously understood. Um, and ultimately we raised the money and then the first order of business was let's drill specific targets and when we drilled those specific targets we came up with excellent results >> and the discovery of three additional scar horizons. Yeah. >> So immediately our first hole in already increased the size of our of our scarn. >> Okay. which is I think pretty pretty great to be able to do that within a two-month turnaround. >> Can you quick can you comment on the shareholder structure? How much of the um equity is owned by insiders versus institutions versus other miners perhaps versus retail >> post uh this latest round that we closed? So, so we we we've done two financings in this company >> uh since acquiring the project. It was a subscription receipt financing done at 37 12 cents, >> right? Um, and then we did a follow-up financing at a 75% premium. >> Yeah. >> Uh, we just closed it last week. So, in in in the end at the end of February. >> Um, and um, now our total shares outstanding are 43 million shares. >> Out of those 43 million shares, uh, insiders and strategic investors own roughly 40% of the company. And then we like I said we have uh a shareholder base that's diversified among you know retail investors high net worths as well as an institution and some wealth managers that have acquired our project for their clients. >> I uh I have one more question for you and then one more question for uh so last question for you is milestones coming up next >> what you're targeting and your short-term and long-term objectives. So our first objective is to increase the size of our high-grade copper, gold, silver, scar system. Yeah, >> that's where the bulk of the historic drilling was. That's where we have the greatest amount of data and that's the first place that we can focus on to uh to to add value for for sharehold for our shareholders. >> So we're going to drill anywhere between 5,000 to 7,000 mters uh in this area in the SCAR. >> Yeah. We're also going to bring an additional drill rig to work these uh other scar outcrops along the 6 km corridor because ultimately we believe that we're going to end up with a a multi-car package system. So you're going to have more than one scarn. >> Mhm. >> Um so those are our first objectives as well as then refine our understanding for the porefree adepth >> and be able to act on that perhaps in the near future. >> Okay, last question for you Joel. What is the future of our world in let's say 100 years when there's even more demand for these critical minerals from technology or even a higher population and there's less resources in the ground. >> Yeah. So I see it in a way that like we talked before the new technology will immersively help because you you're going to be able to mine faster. You're going to be able to mine deeper and you're going to be able to mine in a way that is more safe than is today. So this all together we know that we need more mines. So deposits like ours are really interesting and the more deposits like this we can find the better the future will be. >> But do you see a future where we run out of copper or lithium or whatever critical mineral there is >> nowadays with with the forecasts that we have if we don't consider deposits like Alita. Yeah that's a real reason. That's a real possibility. >> And then what happens? What do we do then? Say bye to your SUV, to your electric SUV, and >> your times. >> Maybe you're going to have to wait a year or two to get your car or your phone. >> Yeah, your timings will increase. So, we need >> Do you see a future where recycling replaces mining? >> Replacing. No, but recycling is getting better as we go. >> It will be part of the solution. >> Yeah. And also, one of the thing that I see is not only recycling, but also make stuff last longer. So, you don't need to produce as much. But we know that population is increasing. the comfort of the general people is increasing and that all needs resources. So we need to improve the mining first. We we cannot transition to recycling tomorrow. That doesn't exist. So we need to improve the mining part. We need to consider deposits that are high grade and perhaps smaller changes than than the ones that we are seeking at the moment. And yes, I do agree and I'm a geologist. I do agree that we need to to make the recycling process much better and make our equipments last longer. >> Yeah. What can the governments do to help this process? >> Incentivize companies. We have a lot of support from the Mexican government which we are happy to have. But yeah, incentivize mining and also on our side on the companies there was a big a big shift like our first few first thing we've done was care about the communities. The community needs to to want you there. So we need to be we need to be accepted by the communities but we we would like to have in other countries having the the the governments on our side coming with us. It's not just saying we want mining. You need to be proactive with mining and with companies. >> Okay. Thank you very much Enrio Andrew. It's very pleasure great pleasure to host you on the show. Appreciate you coming on and thank you for watching. Don't forget to like, subscribe.