Plain-language coverage of small cap mining and resource companies on the TSXV and CSE.
Explorers, developers, near-term producers, and producers. The four basic models that almost every junior mining company…
The TSX, TSX Venture Exchange, and Canadian Securities Exchange each list small cap resource companies under different r…
Junior miners raise capital by issuing new shares. Here is what dilution actually does to your position, why warrants ma…
Junior mining news releases follow predictable patterns. Here is how to find the actual signal in a typical release, fro…
Inferred, indicated, measured, probable, proven. A plain-language guide to the resource and reserve categories used in e…
Gold has historically traded inversely to real (inflation-adjusted) US interest rates. Here is the mechanism, the eviden…
Silver sits between an industrial metal and a precious metal. Here is how the supply and demand picture actually splits,…
Electrification, renewable generation, grid build-out, and electric vehicles all use significantly more copper than lega…
Lithium comes from three main sources: South American brines, hard rock spodumene mines, and (eventually) battery recycl…
After a decade of underinvestment, the uranium market is tightening as nuclear power gains political support. Here is th…
Most nickel still goes into stainless steel. A smaller but fast-growing share goes into batteries. The two markets need …
Zinc is mostly used in galvanizing steel. The price often moves with London Metal Exchange warehouse inventories. Here i…
Critical mineral lists from Canada, the United States, and the European Union differ. Here is how each is built, why the…
China processes the vast majority of the world’s rare earth elements. Here is why that is, what is being done about it, …
Tin is small but strategic. About half of demand goes to solder, almost all of it for electronics. Here is what drives t…
The Democratic Republic of the Congo supplies most of the world’s cobalt. Battery chemistry shifts and ESG concerns have…
Lithium-ion batteries need graphite anodes. The market is split between natural and synthetic graphite, each with differ…
Every Bellmare Capital company spotlight follows the same four-part framework: setup, what caught our eye, the risk, and…
A junior mining company’s capital structure includes much more than just outstanding shares. Warrants, options, and conv…
Balanced junior mining research includes both the bull case and the bear case for every name covered. Here is why, and h…