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>Epic Gold (formerly Exploits Discovery) released initial assay results from its 4,259m, ten-hole maiden 2026 diamond drill program at its Fenton Gold Project in Quebec.</li>
<li>Results confirmed high-grade gold within the Everest System (4.65 g/t Au over 5.8m, incl.</li>
<li>8.83 g/t Au over 2.0m) and broad continuous mineralization at Fenton Main (1.23 g/t Au over 76.8m, incl.</li>
</ul>


Epic Gold (formerly Exploits Discovery) released initial assay results from its 4,259m, ten-hole maiden 2026 diamond drill program at its Fenton Gold Project in Quebec.
Results confirmed high-grade gold within the Everest System (4.65 g/t Au over 5.8m, incl.
8.83 g/t Au over 2.0m) and broad continuous mineralization at Fenton Main (1.23 g/t Au over 76.8m, incl.


EPG: Initial Diamond Drill Assay Results at Fenton Impress

<ul>
<li>Exploits announced the results from its Phase 1 exploration program which focused on validation of historic work and different surface works.</li>
<li>The program was successful in deriving several high priority targets for the upcoming 3,000-5,000m diamond drill program, commencing in January 2026.</li>
<li>On December 5th, NFLD announced the closing of the sale of its Newfoundland claims.</li>
</ul>


Exploits announced the results from its Phase 1 exploration program which focused on validation of historic work and different surface works.
The program was successful in deriving several high priority targets for the upcoming 3,000-5,000m diamond drill program, commencing in January 2026.
On December 5th, NFLD announced the closing of the sale of its Newfoundland claims.


NFLD: Work at Fenton Starts to Roll In; Drilling in Q1/26

<ul><li>Q3/25 marked a particularly strong quarter for Atrium, as precious metal prices continued to rise rapidly, driving notable outperformance across our coverage.</li><li>Our covered stocks increased 46% on average in Q3/25 and are up 227% over the past year, outperforming the TSX, which gained 12% during the quarter and 37% YoY, and TSXV, which gained 29% and 67%, respectively.</li><li>This builds on the 27% increase from our coverage universe in Q2/25.</li></ul>

Q3/25 marked a particularly strong quarter for Atrium, as precious metal prices continued to rise rapidly, driving notable outperformance across our coverage.Our covered stocks increased 46% on average in Q3/25 and are up 227% over the past year, outperforming the TSX, which gained 12% during the quarter and 37% YoY, and TSXV, which gained 29% and 67%, respectively.This builds on the 27% increase from our coverage universe in Q2/25.

Exploits Discovery Corp - Q3/25 Recap: All Our Research in One Place!

<ul>
<li>Exploits has agreed to sell its Newfoundland mineral claims to New Found Gold for up to $8.8M, including $7.0M in shares and a 1% NSR royalty.</li>
<li>The royalty applies to Bullseye, Gezeebow, and Keats West, which we previously noted as important for advancing NFG’s Queensway Project.</li>
<li>The Company is well-funded for exploration at its Ontario and Quebec Projects, hosting 680Koz in historical gold resources.</li>
</ul>


Exploits has agreed to sell its Newfoundland mineral claims to New Found Gold for up to $8.8M, including $7.0M in shares and a 1% NSR royalty.
The royalty applies to Bullseye, Gezeebow, and Keats West, which we previously noted as important for advancing NFG’s Queensway Project.
The Company is well-funded for exploration at its Ontario and Quebec Projects, hosting 680Koz in historical gold resources.


Exploits Discovery: Sells Newfoundland Claims for $8.8M

<ul>
<li>Precious metals were slightly down in April amid ongoing geopolitical tensions, with gold down 1.2% and silver down 1.9%.</li>
<li>Mining equities declined alongside metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while COPX was up 4.2% alongside copper, while the TSX was up 3.7% and the S&amp;P 500 was up 10.7%.</li>
<li>Q1 earnings confirmed the new price environment as Newmont posted a record $3.1B in FCF, while M&amp;A returned in scale with Agnico Eagle’s ~C$3.8B Finland consolidation and G Mining Ventures’ C$3.0B acquisition of G2 Goldfields.</li>
</ul>


Precious metals were slightly down in April amid ongoing geopolitical tensions, with gold down 1.2% and silver down 1.9%.
Mining equities declined alongside metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while COPX was up 4.2% alongside copper, while the TSX was up 3.7% and the S&amp;P 500 was up 10.7%.
Q1 earnings confirmed the new price environment as Newmont posted a record $3.1B in FCF, while M&amp;A returned in scale with Agnico Eagle’s ~C$3.8B Finland consolidation and G Mining Ventures’ C$3.0B acquisition of G2 Goldfields.


Canterra Minerals Corp - Mining Monthly: April Edition

Canada

Epic Gold Corp. operates as an exploration company. The Company engages in the acquisition and exploration of minerals and precious stones properties. Epic Gold serves customers worldwide.

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Epic Gold (EPG CN)

EPG: Initial Diamond Drill Assay Results at Fenton Impress

Epic Gold (formerly Exploits Discovery) released initial assay results from its 4,259m, ten-hole maiden 2026 diamond drill program at its Fenton...

Atrium Research

NFLD: Work at Fenton Starts to Roll In; Drilling in Q1/26

Exploits announced the results from its Phase 1 exploration program which focused on validation of historic work and different surface works.

Atrium Research

Exploits Discovery Corp - Q3/25 Recap: All Our Research in One Place!

Q3/25 marked a particularly strong quarter for Atrium, as precious metal prices continued to rise rapidly, driving notable outperformance across...

Atrium Research

Exploits Discovery: Sells Newfoundland Claims for $8.8M

Exploits has agreed to sell its Newfoundland mineral claims to New Found Gold for up to $8.8M, including $7.0M in shares and a 1% NSR royalty.

Atrium Research

Canterra Minerals Corp - Mining Monthly: April Edition

Mining equities declined alongside metals, with GDX down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while COPX was up 4.2% alongside copper, while the...

Atrium Research

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