Happy Wednesday! Pour the double-double, dust off the core boxes, and let's see who hit something overnight.
The metals tape is flexing: gold's parked above $4,300, silver's having the year of its life, and copper's banging on record highs. The greenback slumped to a one-week low with the Fed deciding rates this afternoon and a US–Iran deal to reopen the Strait of Hormuz set to be signed on Friday. Translation: the wind's at the juniors' backs — just keep one hand on your wallet, because record prices are also promo season. 🪙
📊 The Daily Nugget Quick Stats
Indicator | Level | Move |
|---|---|---|
🥇 Gold (spot) | ~$4,352 /oz | 📈 |
🥈 Silver (spot) | ~$70.40 /oz | 📈 |
🔌 Copper | ~$6.51 /lb | 📈 |
☢️ Uranium (U₃O₈ spot) | ~$85 /lb | ➡️ flat |
🍁 TSX-V Composite | 985.94 | 📈 |
💵 U.S. Dollar (DXY) | ~99.5 | 📉 |
Gold +0.5% on the day, silver +0.6% and up ~3% on the week, copper near all-time highs. Uranium's stuck in its since-April range around $85. TSX-V closed +0.6% Tuesday at 985.94. The dollar's near a one-week low ahead of the Fed — a tailwind for everything above it.
⛏️ The Motherlode — Copper goes vertical, and a major just blessed a junior's porphyry
What happened. Copper is hovering around $6.51/lb, right at record-high territory. And the drill bit is keeping pace: on June 15, AbraSilver (TSX: ABRA) reported results from its La Coipita copper-gold-moly project in San Juan, Argentina — drilling fully funded and operated by a Teck Resources subsidiary under an earn-in. The headliners:
The strongest hole drilled on the property to date returned 748 m of 0.69% copper, 0.06 g/t gold and 142 ppm molybdenum.
A brand-new, shallower discovery at Yaretas Sur (~1.9 km south): 42 m at 1.03% Cu, 0.63 g/t Au and 41 g/t Ag, including 28 m at 1.45% Cu.
Why it happened. Three tailwinds blowing the same way: a soft dollar near a one-week low, the Iran–Hormuz deal easing oil-and-inflation fears, and a real supply hole — Jefferies sees an average copper deficit of 491,000 tonnes a year through 2030 plus a slow Grasberg recovery, with AI and electrification demand underneath.
What it means for your position. When copper prints records and a major like Teck is writing the drill cheques, the copper-porphyry cohort catches a bid and developers re-rate. But read the fine print: a major earning in validates the rock while diluting your slice of the asset — and record metal prices fling the financing window wide open, so dilution and promo season ride right behind. Cheer the copper; read the earn-in terms.
🤖 Drill Bit Tech & Trends — The robots are picking the drill targets now
TSX-V-listed Future Fuels (FTUR) ran an AI-assisted prospectivity mapping program — powered by VRIFY's DORA platform — across its entire 3,407 km² Hornby Basin uranium project in Nunavut. The standout is a new undrilled target called Lambda, immediately south of the historic Mountain Lake uranium system, with five more (Sigma, Alpha, Rho, Tau, Iota) flagged as unconformity-style targets.
How it works: DORA ingests geophysics, geochemistry, drilling and structural data and generates a "VRIFY Prospectivity Score" that ranks ground by similarity to known mineralized systems. VRIFY raised a $12.5M Series B and counts hundreds of clients — AI targeting is now the hottest tool in the exploration shed.
The skeptic's footnote (because we're not a pump sheet): DORA explicitly does not confirm mineralization — it's a prioritization tool, and an AI "target" is just a hypothesis until the drill bit votes. Also worth knowing: Future Fuels runs a paid marketing program with Zimtu at $15,000 a month.
So what. AI can crush years of data-wrangling into drill-ready maps — a real edge for thin-treasury juniors. But "we used AI" has become a press-release reflex; the re-rate still comes from holes, not heatmaps.
👉 Dig in
🪨 The Tailings — A junior just cored 70% antimony. Yes, seventy.
Critical One Energy (CSE: CRTL) dropped fresh assays June 16 from its Howells Lake Antimony-Gold project in northwestern Ontario. The eye-popper from Hole 6: 4.0 m of massive stibnite grading 70.2% antimony, within a broader 8.0 m interval at 42.2% Sb — and since pure stibnite tops out at 71.7% antimony, that core is about as rich as antimony rock gets. The new lower zone added 15.3 m at 1.76% Sb plus gold-zinc hits up to 1.17 g/t Au and 0.54% Zn; 18 holes (~4,000 m) are done, with funding for 20,000 m through December.
So what. Antimony is a defense/critical mineral — munitions, night vision, semiconductors, flame retardants — and North America produces virtually none of it, while supply sits in jurisdictions the West now side-eyes. A near-pure stibnite hit in Ontario is strategically spicy. The caveat: it's early-stage, showpiece grades like 70% come from narrow intervals (true widths TBD), and there's no resource estimate yet. File it under "didn't know juniors drilled that."
📈 Stat of the Day
Today's number is so shiny it needs sunglasses. Silver is up roughly 92% over the past 12 months:

Silver's one-year haul — outrunning even gold's +29%.
The metal your uncle stacked next to the canned beans is suddenly the smart money — just remember what the silver chart did the last three times everyone agreed it only goes up. 😅
👋 The Sign-off
That's the core box for today. Keep your grades high and your dilution low — see you tomorrow. ⛏️