Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul>
<li>EDG announced that drilling has commenced at its Reliance Gold Project, with a second rig being mobilized to accelerate the 2026 program.</li>
<li>Phase 1 will focus on upgrading the near-surface, pit-constrained MRE to the Indicated category, expanding mineralization within the pit shell, and testing deeper high-grade extensions of the underground mineralization.</li>
<li>In April, EDG received $2.8M in proceeds from the exercise of 7.0M warrants and 1.65M stock options by insiders.</li>
</ul>


EDG announced that drilling has commenced at its Reliance Gold Project, with a second rig being mobilized to accelerate the 2026 program.
Phase 1 will focus on upgrading the near-surface, pit-constrained MRE to the Indicated category, expanding mineralization within the pit shell, and testing deeper high-grade extensions of the underground mineralization.
In April, EDG received $2.8M in proceeds from the exercise of 7.0M warrants and 1.65M stock options by insiders.


EDG: Phase 1 Drilling Underway at Reliance

<ul><li>What you need to know: • EDG announced its 2026 drill program which will commence on May 1st.</li><li> • The program will consist of a minimum of 8,000m of diamond drilling, exploratory RC drilling both along the Royal Shear Trend and other drill-ready targets (primarily at the Olympic area), as well as ongoing prospecting and target generation.</li><li>• On January 19th, EDG announced an inaugural Inferred resource at its Reliance Project of 1.45Moz at 2.30 g/t Au (1.12Moz open pit).</li></ul>

What you need to know: • EDG announced its 2026 drill program which will commence on May 1st. • The program will consist of a minimum of 8,000m of diamond drilling, exploratory RC drilling both along the Royal Shear Trend and other drill-ready targets (primarily at the Olympic area), as well as ongoing prospecting and target generation.• On January 19th, EDG announced an inaugural Inferred resource at its Reliance Project of 1.45Moz at 2.30 g/t Au (1.12Moz open pit).

EDG: Announces 2026 Exploration Program; Commencing in May

<ul>
<li>EDG announced strong 2025 prospecting and soil sampling results, setting the stage for potential resource growth beyond the immediate resource area.</li>
<li>Results include a new Eagle Offset anomaly substantially extending the Royal Shear Trend 500m south of the current MRE.</li>
<li>In addition, work on the Olympic claims advanced prior anomalies to drill-ready targets, while identifying a new ~1km2 anomaly.</li>
</ul>


EDG announced strong 2025 prospecting and soil sampling results, setting the stage for potential resource growth beyond the immediate resource area.
Results include a new Eagle Offset anomaly substantially extending the Royal Shear Trend 500m south of the current MRE.
In addition, work on the Olympic claims advanced prior anomalies to drill-ready targets, while identifying a new ~1km2 anomaly.


EDG: New Geochem Anomaly Extends Royal Shear Trend

<ul>
<li>EDG announced an inaugural Inferred resource at its 100%-owned Reliance Gold Project of 1.45Moz at a grade of 2.30 g/t Au.</li>
<li>The resource includes a near-surface, high-grade open pit resource of 1.12Moz grading 2.23 g/t Au, and 0.33Moz (2.58 g/t) underground, which remains open for expansion.</li>
<li>Further, initial metallurgical results support recovery of a high-grade gold concentrate, and infill and expansion drilling provide additional near-term upside to this morning’s estimate.</li>
</ul>


EDG announced an inaugural Inferred resource at its 100%-owned Reliance Gold Project of 1.45Moz at a grade of 2.30 g/t Au.
The resource includes a near-surface, high-grade open pit resource of 1.12Moz grading 2.23 g/t Au, and 0.33Moz (2.58 g/t) underground, which remains open for expansion.
Further, initial metallurgical results support recovery of a high-grade gold concentrate, and infill and expansion drilling provide additional near-term upside to this morning’s estimate.


EDG: Inaugural Mineral Resource Sets the Stage at Reliance

<ul>
<li>Precious metals were mixed in May amid easing geopolitical tensions, with gold down 1.7% and silver up 2.6%.</li>
<li>Mining equities finished broadly higher, with the GDX up 1.3%, GDXJ up 2.4%, despite gold’s pullback, while SILJ gained 5.8% and COPX climbed 10.7%, with the TSX up 2.1% and the S&amp;P500 up 5.4%.</li>
<li>M&amp;A momentum further accelerated in May with Equinox Gold’s ~US$5.1B all-share acquisition of Orla Mining to create North America’s second largest gold producer (~1.1Moz of annual projection), building on Agnico Eagle’s and G Mining Ventures’ large deals in April.</li>
</ul>


Precious metals were mixed in May amid easing geopolitical tensions, with gold down 1.7% and silver up 2.6%.
Mining equities finished broadly higher, with the GDX up 1.3%, GDXJ up 2.4%, despite gold’s pullback, while SILJ gained 5.8% and COPX climbed 10.7%, with the TSX up 2.1% and the S&amp;P500 up 5.4%.
M&amp;A momentum further accelerated in May with Equinox Gold’s ~US$5.1B all-share acquisition of Orla Mining to create North America’s second largest gold producer (~1.1Moz of annual projection), building on Agnico Eagle’s and G Mining Ventures’ large deals in April.


Canterra Minerals Corp - Mining Monthly: May Edition

Canada

Endurance Gold Corporation evaluates, acquires, and develops mineral properties throughout North America. The Company has an interest in a property located in Ontario, Canada. Endurance Gold also has an option to earn an interest in gold prospects located in British Columbia, Canada.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Endurance Gold (EDG CN)

EDG: Phase 1 Drilling Underway at Reliance

EDG announced that drilling has commenced at its Reliance Gold Project, with a second rig being mobilized to accelerate the 2026 program.

Atrium Research

EDG: Announces 2026 Exploration Program; Commencing in May

What you need to know: • EDG announced its 2026 drill program which will commence on May 1st. • The program will consist of a minimum of 8,000m...

Atrium Research

EDG: New Geochem Anomaly Extends Royal Shear Trend

EDG announced strong 2025 prospecting and soil sampling results, setting the stage for potential resource growth beyond the immediate resource area.

Atrium Research

EDG: Inaugural Mineral Resource Sets the Stage at Reliance

The resource includes a near-surface, high-grade open pit resource of 1.12Moz grading 2.23 g/t Au, and 0.33Moz (2.58 g/t) underground, which...

Atrium Research

Canterra Minerals Corp - Mining Monthly: May Edition

Mining equities finished broadly higher, with the GDX up 1.3%, GDXJ up 2.4%, despite gold’s pullback, while SILJ gained 5.8% and COPX climbed 10.7%...

Atrium Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)