Today's episode covers markets in the red, rising U.S. inflation forecasts, and record multi-billion-dollar outflows from gold and silver ETFs.

The U.S. government announced plans to take a strategic equity stake in Syrah Resources to support the Balama graphite mine and Vidalia anode facility. This proposed deal would convert existing loans into equity, giving the US government direct ownership in crucial natural graphite reserves while mobilizing further private investment.

Also in the news is Omai Gold Mines, Provenance Gold Corp, AngloGold Ashanti, Foran Mining, Equinox Gold, and K2 Gold Corporation.

Listen to the full episode for detailed drill results, feasibility study highlights, and commissioning updates across the junior mining sector.

Morning Briefing is sponsored by Revival Gold. Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”.

Today gold, copper, the NASDAQ, and the S&P opened in the green, while oil started the day lower. Despite the positive open, the U.S. economy is showing strain due to high oil prices and the U.S.-Iran war, prompting prediction markets to raise recession odds to 35%. The conflict is proving especially challenging for copper, which faces combined headwinds from energy price spikes, cooling global demand, and disrupted Middle Eastern sulfur supplies that have heavily impacted African miners like Ivanhoe Mines.

In sector news, miners and explorers reported strong operational and financial updates. Brixton Metals highlighted a record-breaking silver intercept at its Langis Project, while Cartier Resources, Great Pacific Gold, and Koryx Copper all announced promising drill results and resource expansions across their gold and copper assets. On the corporate and financial front, Elemental Royalty and Integra Resources posted record 2025 financial results with robust future guidance, American Pacific Mining divested its Tuscarora District to refocus on its Montana flagship project, and Apex Critical Metals appointed Zayn Kalyan to its board of directors.

This episode of Mining Stock Daily is brought to you by Equinox Gold. Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at ⁠⁠⁠⁠⁠⁠equinoxgold.com⁠⁠⁠⁠⁠⁠.

Royal Road Minerals is advancing its Güíntar-Aleman–Margaritas project in Colombia, says CEO Tim Coughlin. The company maintains a dominant position as Colombia's largest mining title holder, managing over 1,800 square kilometers of prospective copper and gold projects. Following a period of regulatory reassessment in the country, the company has resumed drilling at the GAM project, focusing on a significant porphyry-skarn system that remains open at depth. Beyond South America, Royal Road is leveraging strategic partnerships and modernized mining laws to execute exploration campaigns in both Morocco and Saudi Arabia.