Silver Breakout “Test” Important For Precious Metals

EDM Resources Inc. is advancing plans to restart the Scotia Mine in Nova Scotia, a past-producing zinc-lead operation with existing infrastructure. CEO Mark Haywood highlighted new revenue streams, including gypsum, gold, and silver, alongside core zinc and lead production. A new prefeasibility study is expected in 2026, while the company moves through final permitting with a Fisheries Act application. EDM is also pursuing an OTCQB listing to expand investor access. With improving commodity prices across its metals and by-products, the Scotia Mine is positioned as a near-term restart opportunity with multiple catalysts ahead. [more]

Upside Gold Corp. (CSE: UG) is advancing its Kena Gold-Copper Project in British Columbia following its January 2026 listing. CEO Sophy Cesar outlined plans to complete a 5,000-metre drill program this year, with results expected in September. The project hosts a 3.31 million ounce historical gold resource, which the company aims to upgrade to NI 43-101 standards by year-end. Upside Gold is also evaluating silver and copper contributions, which could expand the overall resource. The company is working with a lean team and existing infrastructure to advance the project in a cost-conscious manner. [more]

We have written a 45-page Initiation Report on Silver Bullet Mines, a Canadian-based silver and copper exploration and development company that recently went public and raised over $6 million. SBMI’s main asset is the Black Diamond Property near Globe, Arizona, with silver and copper-gold porphyry projects. Near-term cash flow de-risks the project as work is already underway to get the Buckeye Mine back into production. We are Initiating Coverage with a Speculative Buy rating and one-year price target of $0.80. [more]