In a Back to the Future moment, Canada’s Prime Minister — and former Bank of England Governor — called on King Charles III to read the Throne Speech, a rare display of tradition in modern politics. As Canada’s Head of State, the King officially opened Parliament and outlined the government’s legislative agenda, including policies that could shape the resource sector in the months ahead. 

In the Weekly Market Digest, the latest US trade data shows that tariff threats are beginning to take hold. Markets responded with a sigh of relief, at least temporarily, as inflation eased, but at the expense of consumer spending. The potential breakdown of the temporary agreement to defer punitive tariffs between the two largest economies will likely take its toll. The fallout should be supportive of precious metals and the equities levered to them. I also cover news concerning the suspension of activities in mines from West and Central Africa.

The Exploration Insights portfolio outperformed both the precious and base metal benchmarks, led by several copper-gold explorers in the Philippines, Kazakhstan, and Peru. I also review permitting in the US, infrastructure in northern Canada, and M&A for small tonnage but high-grade polymetallic operations. 

In Stock Talk, I cover several exploration updates, including a grassroots precious metals explorer in Nevada, a prospect generator in northern Quebec, a copper explorer in the Yukon, and a cash-flowing royalty generator in Mexico. Finally, a REE developer is spreading the word while advancing its projects in Brazil and Chile.