Member Info for Cyrilsnear

This is interesting, why would Landore need to dispose of storm shares now?

Landores Resources Limited recently sold 1,289,849 shares of Storm Exploration Inc. (TSXV: STRM) on January 6, 2026, at CA$0.25 per share for a total value of CA$316,658.

This is taken from AI and is using today’s spot prices for metals.

Gold value (BAM only): 1,496,000 oz × $4,380 ≈ US$6.55 billion in-situ

Battery/precious metals value (B4-7 + VW approximate contained):

- Ni (~40,000 t total): ~US$680 million

- Cu (~30,000 t): ~US$330 million

- Co (~2,200 t): ~US$66 million

- Pt+Pd (~70,000 oz): ~US$130 million

- Total battery metals in-situ: ~US$1.2 billion

Rough combined in-situ gross metal value: ~US$7.75 billion (gold dominant at current prices).

This is gross in-situ (no recovery, dilution, costs). Actual recoverable value would be significantly lower.

### Cost Savings Using Battery Metals as Credits

The VW and B4-7 deposits are primarily battery metals (Ni-Cu-Co with PGE by-products), while BAM is pure gold. There is no gold resource in VW/B4-7 (any Au is trace).

"Using battery metals as credits" typically means in polymetallic deposits, by-product revenues (e.g., Cu/Co/PGE credits) offset gold mining costs, reducing net cost per oz or improving economics.

Here, the deposits are distinct, so no direct credits in a gold operation. Potential cost savings could arise from shared infrastructure in a future multi-commodity development (e.g., common processing plant, roads, power, tailings), reducing capex/opex for each.

- No public study quantifies this yet.

- The 2022 BAM PEA was gold-only (NPV ~US$334m at $1,800/oz; much higher now at $4,380/oz).

- Battery metals deposits remain non-core (company exploring JV/spin-out options).

Indirect savings from co-development could be substantial (e.g., 20-40% shared capex reduction), but this is speculative without a combined scoping/PEA study.

In summary, the flagship value is in ~1.5 Moz gold (~US$6.55B in-situ at today's elevated prices), with ~US$1.2B additional from battery metals. True economic value requires recoveries (~90% typical for these styles), costs, and feasibility work. An updated BAM MRE and potential PFS (targeted 2026) could clarify further upside.

It’s going to be an interesting MRE that’s for sure, looking forward to hearing Alex speak on this.

Look at landores x post on the 11/11/2025, it seems they may be onto something adding the battery metals.

Surprised to see VW and b4-7 added to the MRE, unless it’s a f@ck up. Nothing surprises me with Landore anymore.

Only thing I can think of is it may unlock some funding?

Access to Critical Minerals-Specific Funding and Incentives

Nickel, copper, and cobalt are critical minerals in Canada, qualifying for substantial government support unavailable to pure gold projects:

- Federal Level → Canada's Critical Minerals Strategy includes the Critical Minerals Infrastructure Fund (CMIF) (up to $1.5B+), a new $2B Critical Minerals Sovereign Fund (starting 2026-27), and expanded exploration tax credits (e.g., 30% CMETC extended to 2027). Ontario's $500M Critical Minerals Processing Fund (launched 2025) targets processing/refining, with billions more for Indigenous partnerships and supply chains.

- Provincial Support → Ontario Junior Exploration Program (OJEP) allocates funds for critical minerals ($4M in recent rounds).

While primarily for exploration/infrastructure/processing, highlighting battery metals could unlock grants, loans, or tax incentives — particularly if the updated MRE supports integrated development.

It’s going to be interesting to see what gold price is in this MRE, we could be in the $4500 - $5000oz range before suspension is lifted.

### Background on the Transaction

Storm Exploration Inc. (TSXV: STRM) announced on November 28, 2025, that it has entered into a definitive mineral property purchase agreement with European Electric Metals Inc. (TSXV: EVX) to sell its interest in the Miminiska Gold Project (located in northwestern Ontario). This sale is contingent on Storm first exercising its option under a 2021 agreement (as amended) with Landore Resources Canada Inc. (a subsidiary of Landore Resources Ltd., AIM: LND), which allows Storm to acquire a 100% interest in both the Miminiska and Keezhik Gold Projects from Landore. The transaction value is approximately $5.8 million in cash and shares from European Electric to Storm, and it remains subject to TSX Venture Exchange approval and other closing conditions.

### How Landore Resources Benefits

Landore Resources, as the original owner of the Miminiska Project, benefits in several key ways from this sale, primarily through the structure of the underlying option agreement and the downstream effects of the transfer:

1. Receipt of Final Option Payment:

- As part of closing the sale, Storm is required to pay Landore $1,312,500 in cash, which satisfies the remaining option payment due under the 2021 agreement. This provides Landore with immediate liquidity from the project it originally optioned out.

2. Ongoing Royalty on Miminiska Production:

- The Miminiska Project is subject to a pre-existing royalty agreement with Landore, entitling Landore to 2% of Net Smelter Returns (NSR) from future mineral production (potentially reducible to 1% under certain conditions).

- European Electric will assume all pre-existing royalty obligations, including this one, ensuring the royalty transfers seamlessly to the new owner. This gives Landore a long-term, passive revenue stream tied to any successful gold development or mining at Miminiska without further capital expenditure on its part.

3. Separate Royalty on Retained Keezhik Project:

- Storm is retaining the adjacent Keezhik Gold Project (12,482 hectares) after exercising the option. Upon closing, Storm will enter into a new royalty agreement with Landore for Keezhik, granting Landore 2% NSR (reducible to 1%). This provides Landore with additional future upside from Keezhik exploration and potential production, diversifying its royalty portfolio beyond Miminiska.

4. Strategic and Financial Upside:

- The transaction accelerates the finalization of the option exercise, allowing Landore to realize value from the project sooner than if Storm had continued holding it. Combined with prior payments (including shares issued to Landore, giving it ~15.8% ownership in Storm as of July 2025), this enhances Landore's balance sheet and exposure to junior mining upside.

Overall, this deal converts Landore's historical exploration investment into a mix of immediate cash, equity in Storm, and enduring royalty interests, minimizing risk while preserving participation in

Well this deal came out of the clouds, to be honest I wrote storm off thinking they could never raise any significant funds.

M&A deals are kicking off and taking BAM off the table,below are other possible targets for buyouts/JVs etc to fund BAM and Junior Lake.

### B4-7

The B4-7 Ni-Cu-Co-PGE-Au sulfide deposit is at the center of Junior Lake's mining lease in Ontario, Canada, about 1 km west of BAM Gold and 3 km northwest of VW. Discovered in 2007, it features battery-grade nickel in a sub-vertical massive sulfide vein with stringers, net-textured, and disseminated sulfides; the upper 150 m is open-pittable, with grades improving below for underground mining. The 2018 RPA NI 43-101 MRE remains current: Indicated Resource of 3.292 million tonnes @ 1.20% NiEq (containing ~33,248 tonnes metal), plus Inferred of 568,000 tonnes @ 1.26% NiEq. An exploration target down-dip adds potential 1.5-2.0 Mt @ similar grades (~18,000-24,000 tonnes contained metal). No 2025 updates to the MRE, but geophysical surveys and historical drilling (over 16,000 m) support expansion; rising battery metal demand drives re-evaluation for potential JV or sale, targeting >100,000 tonnes NiEq combined with VW. Metallurgical recoveries are attractive, with geotechnical studies optimizing pit slopes.

### VW

The VW Ni-Cu-Co sulfide deposit, part of the Scorpion Zone on Junior Lake in Ontario, Canada, lies 3 km southeast of B4-7 in the greenstone belt. Discovered in 2005, it's a high-grade battery metals target with disseminated to veined pyrrhotite-dominant mineralization, suitable for open-pit and underground mining. The 2018 RPA NI 43-101 MRE (most recent available) shows an Inferred Resource of ~0.7 million tonnes @ ~1.5% NiEq (~10,000 tonnes contained NiEq metal). No updates in 2025, but 2024 geophysical surveys (3D DCIP+MT over 740 ha) identified new sulfide targets between VW and B4-7. Historical drilling exceeds 16,000 m, with metallurgical tests indicating good recoveries. Expansion efforts aim for >100,000 tonnes NiEq combined with B4-7 amid EV battery demand.

### Lessard (VMS Copper)

The Lessard property, a volcanogenic massive sulfide (VMS) Cu-Zn-Ag deposit in Quebec, Canada, ~107 km north of Chibougamau, covers 109 claims totaling 2,168 hectares (some older references note 91 claims/1,456 ha, but current data confirms the larger extent). Acquired for base metals diversification, it features historical VMS-style mineralization from a 1975 Selco feasibility study (non-NI 43-101 compliant resource). Limited modern exploration includes 2011 mapping/sampling identifying Cu-Zn targets and Ag-Au potential (e.g., up to 1.5% Cu, 0.32 g/t Au in silicified volcanics). No recent drilling or MRE updates in 2025; it remains early-stage in an established mining district, with permitting considerations ongoing alongside other assets.

### Nevada (Gold, Silver, Copper, etc.)

Landore holds mineral rights to eight early-stage exploration properties totaling 99 claims i

Looks like a good deal for us. The uncertainty is over and I think the market will like this.

https://www.accessnewswire.com/newsroom/en/metals-and-mining/storm-exploration-enters-agreement-to-sell-the-miminiska-project-1113492

This is a high-confidence, low-risk resource upgrade:

- No new drilling needed for immediate gains.

- Gabbro inclusion + infill data → likely higher tonnes and/or grade in Indicated category.

- Visualized continuity in sections supports larger, more developable deposit.

- Positions BAM as a more attractive asset for corporate transactions in 2026+.

Investor takeaway: The delay is strategic, not operational — expect a stronger, more bankable MRE in Q4 2025.

If only the company would have mentioned this in the RNS delaying the MRE https://investors.landore.com/activity-updates/mre-update-ceo-alexander-shaw

Superb update.

Buy buy buy.

Honestly people selling or buying because the gold price is fluctuating need to take a step back. Gold is over $4000oz and our last MRE was based on $1800oz.

Once these warrant sellers have done one, we can finally move up to a realistic share price.

Some may want to take a peak at ORR and then have a look what we have at Landore, god help those trading this and missing out.

Good luck in whatever you choose to do, name of the game is to make a profit. My view still holds, don’t sell anything related to gold or silver yet.

Mr slammy is back trying to take the gold price down in market hours, seems we now have a battle on our hands with the gold price.

Maybe I have blinkers on but I honestly don’t get why anyone with a sane mind would sell any gold related stocks right now. The gold price is absolutely nuts and predictions are now getting wild.

Good luck in what you choose but honestly if you choose the correct gold stock it could be life changing returns.

With crazy commodity prices even forgotten landore resources could come into play, take a look at Lessard.

You never know in this market, one man’s trash is another man’s treasure.

The Lessard MRE (Inferred, 740,000 tonnes)

- Copper: 1.88% = 13,920 tonnes = 30,680,000 lb (13,920 × 2,204.62 lb/t).

- Zinc: 3.50% = 25,900 tonnes = 57,100,000 lb (25,900 × 2,204.62 lb/t).

- Silver: 38.62 g/t = 28,579,000 g = 918,900 oz (28,579,000 ÷ 31.1035 g/oz).

- Gold: 0.84 g/t = 621,600 g = 19,980 oz (621,600 ÷ 31.1035 g/oz).

1. Copper: 30,680,000 lb × $4.97/lb = $152,480,000.

2. Zinc: 57,100,000 lb × $1.42/lb = $81,082,000.

3. Silver: 918,900 oz × $51.00/oz = $46,863,900.

4. Gold: 19,980 oz × $4,190/oz = $83,716,200.

Total In-Situ Value: $152.48M (Cu) + $81.08M (Zn) + $46.86M (Ag) + $83.72M (Au) = $364,126,100 (~$364.1 million).

- Value Increase: The updated silver price boosts the total in-situ value to $364.1 million (vs. $350.8 million with the outdated $36.50/oz silver price), a ~$13.3 million increase. Copper (42%) and gold (23%) remain the primary value drivers, with silver now contributing ~13% (up from ~10%).

- NSR Implications: The ~$492/tonne NSR (vs. $206.52 in 2017) reflects stronger metal prices, particularly for silver and gold. This could justify re-evaluating the resource for higher-grade zones or expansion, as the deposit is open down dip.

Storm resources not paying on time used to drop hinder our share price, I wonder if these rumours are true and what effect they will have now?

https://ceo.ca/strm

I think with what happened to the crypto industry on Friday and over the weekend it will only strengthen the case for GOLD as the ultimate safe haven. I can see GOLD punching on now to $5000oz. Landore only needs a snippet of good news and it rerates, funding is not an issue in this environment.

Over the years Bill has mentioned Landore being a 5moz deposit, Alex recently in an investor podcast confirmed this is very possible for Landore.

The nearest operating gold producer to the Junior Lake property is the Greenstone Gold Mine, owned and operated by Equinox Gold Corp.

- Total: 5.1 million ounces of gold

- Proven: 1.1 million ounces at 1.27 g/t Au (26.7 Mt)

- Probable: 4.0 million ounces at 1.28 g/t Au (97.8 Mt)

- Total Ore Tonnage: 124.5 million tonnes at an average grade of 1.28 g/t Au

Now we’re very similar regarding grade etc., this deposit will get mined.

If you can’t hold onto your shares for more than a day, please ignore this post.

Quick, golds back above $4000 oz again and the MRE could drop on Monday, LOL.

Quick, golds going up again. Buy.

Honestly the mind set of some investors is a sight to behold, the gold price is not going to come down significantly from here as the horse has bolted. Fiat is f@cked and the big boys know it.

Buy and hold, you will be rewarded.