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 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>EDG reported six drill results from the Crown Zone at Reliance, expanding both the Lower and Upper Crown discoveries along the Royal Shear.</li>
<li>Highlights included 14.03 g/t Au &amp; 1.46% Sb over 5.2m and 6.10 g/t Au &amp; 0.22% Sb over 10.0m.</li>
<li>Today’s results conclude the 2025 drill program, totalling 6,864m of diamond drilling across 20 holes.</li>
</ul>


EDG reported six drill results from the Crown Zone at Reliance, expanding both the Lower and Upper Crown discoveries along the Royal Shear.
Highlights included 14.03 g/t Au &amp; 1.46% Sb over 5.2m and 6.10 g/t Au &amp; 0.22% Sb over 10.0m.
Today’s results conclude the 2025 drill program, totalling 6,864m of diamond drilling across 20 holes.


EDG: Concludes 2025 Drill Campaign - Leads to Inaugural MRE

<ul><li>Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe.</li><li>Our covered companies rose 7.1% on average during the quarter, ahead of the S&P 500 (+2.2%), the TSX (+1.1%), and the TSXV, which declined 1.6%, generating ~6% of alpha over our benchmark (the TSX).</li><li>Our coverage universe has now outperformed its benchmark in seven of the nine quarters since we began tracking it (see Figure 1 below).</li></ul>

Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe.Our covered companies rose 7.1% on average during the quarter, ahead of the S&P 500 (+2.2%), the TSX (+1.1%), and the TSXV, which declined 1.6%, generating ~6% of alpha over our benchmark (the TSX).Our coverage universe has now outperformed its benchmark in seven of the nine quarters since we began tracking it (see Figure 1 below).

Mayfair Gold Corp - Q3/26 Recap: All Our Research in One Place!

Thematic (Sector/Industry)

<ul>
<li>The metals and mining market saw a resurgence in August, reaching record highs, following a subpar couple of previous months.</li>
<li>In August, gold was up 5%, silver was up 7%, and copper was down 2%.</li>
<li>The equities massively outperformed the commodities, with the GDX, GDXJ, SIL, and COPX up 22.2%, 24.6%, 22.9%, and 15.8%, respectively.</li>
</ul>


The metals and mining market saw a resurgence in August, reaching record highs, following a subpar couple of previous months.
In August, gold was up 5%, silver was up 7%, and copper was down 2%.
The equities massively outperformed the commodities, with the GDX, GDXJ, SIL, and COPX up 22.2%, 24.6%, 22.9%, and 15.8%, respectively.


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.

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Endurance Gold (EDG CN)

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

EDG: Concludes 2025 Drill Campaign - Leads to Inaugural MRE

EDG reported six drill results from the Crown Zone at Reliance, expanding both the Lower and Upper Crown discoveries along the Royal Shear.

Atrium Research

Mayfair Gold Corp - Q3/26 Recap: All Our Research in One Place!

Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe. Our covered companies rose 7.1% on average during the...

Atrium Research

Mining Monthly: August Edition

The metals and mining market saw a resurgence in August, reaching record highs, following a subpar couple of previous months.

Atrium Research

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