Research from Atrium Research, Atrium Research Corporation

Atrium Research

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.

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>This morning, SPA announced assay results from seven drill holes within the Orca Fault target as part of its 9,000-10,000m fall drill program (9,864m completed).</li>
<li>The highlight intercept in today’s release was 1.35 g/t Au over 133.5m.</li>
<li>Drilling supports advancement toward a 2027 construction decision, building on a PEA with $2.3B NPV5% and 32% IRR at US$3,300/oz (well below the current spot price of US$5,082/oz).</li>
</ul>


This morning, SPA announced assay results from seven drill holes within the Orca Fault target as part of its 9,000-10,000m fall drill program (9,864m completed).
The highlight intercept in today’s release was 1.35 g/t Au over 133.5m.
Drilling supports advancement toward a 2027 construction decision, building on a PEA with $2.3B NPV5% and 32% IRR at US$3,300/oz (well below the current spot price of US$5,082/oz).


SPA: Intersects 1.35 g/t Au over 133m; Assays Pending

Spanish Mountain Gold

SPA: Intersects 1.35 g/t Au over 133m; Assays Pending