Morning Briefing: Artemis Gold to Acquire Vista Gold in a $427 M Deal

SPEAKER_1 (0:02)

Good morning, and welcome back to the Mining Stock Daily Morning Briefing, presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom studios, here's your host, Trevor Hall.

Michael McCray (0:17)

Good morning, and welcome back to Mining Stock Daily Morning Briefing. I am Michael McCray filling in for Trevor Hall. It's Monday, September 21st. S&P futures and NASDAQ futures are green as the market looks ahead to the U.S.-Chinese Summit. The Summit is scheduled for Wednesday, issues to be discussed, 2025 trade truce to avoid renewed tariff escalations, guardrails on artificial intelligence, restrictions on critical mineral supply chains, commercial agreements for US agricultural goods and aircraft, alongside currency interventions stabilizing the Chinese yuan. As of 8:30 a.m. Eastern time, S&P 500 futures advanced by 0.6%, NASDAQ 100 contracts rose by 0.8%, Golden Oil or Oil under pressure, Gold is off 0.66% to 4,395, while Oil is down 2.53% to $93.45.

Bitcoin is up 4.5% to 84,787, and Copper is also green at up 1.7% to $6.81. It's a kickoff of the conference season with 2026 Precious Metal Summit Viva Crete starting on Tuesday. We'll get to the news from the miners and explorers in just a moment, but first, a word from today's sponsor. Today's episode of Mining Stock Daily is brought to you by Integra Resources.

Integra is a growing precious metal producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development stage Heat Leach projects, the past producing DeLamar Project located in Southwestern Idaho, and Nevada North Project located in Western Nevada. Learn more about the business and their high industry standards over at integraresources.com. Here's what you need to know today. Artemis Gold agreed to acquire all of Vista Gold in an all-share deal valued at $427 million US and a 29 percent premium to the 20-day weighted average to Vista. Vista is the owner of the Mt Todd Gold Project in Australia's Northern Territory. Collective Mining reported new metallurgical results including 95 percent copper, 90 percent gold, and 94.4 percent silver recovery from the copper subdomain composite and up to 74 percent tungsten recovery from a tungsten subdomain. Most of the gold-silver resource would go through conventional cyanidation to make dore with higher-grade copper and tungsten material routed to dedicated flotation circuits ahead of a 2027 licensing submission. Those subdomains are small, holding 27.6 percent and 6.9 percent of indicated tonnage and almost none of the inferred. Heliostar Metals said its Ana Paula Feasibility Study is 34 percent complete and on track for Q2 2027

With a mid-2027 construction decision and first gold targeted for the end of 2028 Since the PEA 74 holes totaling 25.072 meters have gone into an updated resource estimate, now in its final stages, and flotation metallurgy is finalized with the bio-oxidization pilot testing ramps up in the coming weeks. The company plans to move from a fixed gold cutoff to an NSR model, which appears to support higher mill throughput than the PEA and a possible mid-life expansion.

Kingfisher Metals reported a rush assay from its HW-26-015 at its Hwy 37 project, returning 8.8 meters of 38.5 grams per ton gold equivalent within 27 meters of 13.61 grams per ton gold equivalent with visible gold in high-grade polymetallic vein. The hole was drilled to test the Hank Porphyry target and hit the vein on the margin of the porphyry-style mineralization, which the company reads as evidence of a fully preserved porphyry epithermal system. The result covers one selected digifold with the assay for the remainder of the 1,067-meter hole still pending. And 13 holes have been completed this season with four in progress.

Koryx Copper agreed to raise its ownership of Koryx Copper Zambia from 51% to 80%, paying $200,000 US and 80,000 shares deemed at $3.50 Canadian and eliminating the remaining earn-in spending commitments. The company says that Zahib in Namindia remains its primary focus and that the higher stake gives it more flexibility to monetize its Zambian assets.

Radisson Mining reported eight new holes from its O'Brien Gold Project in Quebec. Always significant gold led by the 68.24 grams per ton gold over 6.2 meters in its OB-26-385W5, including 384.01 grams per ton over one meters. Two hole clusters are delineating high-grade quartz sulfide gold veins across a now 1,000-meter vertical interval beneath the former O'Brien Mine as part of its 140,000-meter step-up program. Management says 106 of 28 holes since late 2024 hit intercepts consistent with the resource and 83% hit rate that reports on every hole. Galleon Gold has started underground development at its 100% owned West Cache project in Timmins, Ontario, with a boxcut of portal ground support complete and ramp development underway. The ramp is advancing towards the first of four planned bulk SAM stops in Zone No. 9 where the recent drill confirmed great continuity below the planned extraction dates. The company aims to extract an 86,500 ton of bulk sample to gather engineering and operation data for future mines, and says it will update on ramping and stope extraction and processing agreements as work progresses.