r/Penny_Stocks_Canada

Posted on behalf of NexGold Mining Corp. - NexGold Mining Corp. continues to strengthen the growth profile of its Goliath Gold Complex, reporting new drill results that reinforce continuity and expansion potential at the Goldlund Deposit in Ontario.

Latest highlight:

• 1.79 g/t Au over 25.6m

– incl. 13.70 g/t and 6.59 g/t over 1.0m intervals

Additional intercepts:

• 3.22 g/t Au over 10.5m

• 1.49 g/t Au over 11.0m

What the results show:

• Consistent gold mineralization across ~100m of dip extent in Zone 4

• Strong grade continuity supported by both recent and prior drilling

• Mineralization remains open at depth, with expansion potential intact

Program objective:

• Infill drilling designed to upgrade Inferred → Indicated resources

• Tightened spacing aligned with open-pit resource confidence standards

• Supporting refinement of the geological model and future mine planning

Context:

• Part of a fully funded ~25,000m drill program at the Goliath Gold Complex

• Focused on optimizing open-pit resources across Goliath, Goldlund, and Miller

NexGold’s latest results continue to validate scale, continuity, and grade within Goldlund’s Zone 4, advancing the deposit toward higher-confidence resource categories and reinforcing its role within a larger, development-ready gold system.

https://nexgold.com/

Posted on behalf of Luca Mining Corp. - LUCA.v; LUCMF Earlier this month, Luca Mining updated its corporate presentation, outlining an aggressive new strategy and development plan for the Campo Morado mine. 

The company is actively transitioning the asset from a zinc-focused operation into a much higher-margin precious metals platform. This transition is driven by a multi-phase mill expansion designed to significantly improve gold and silver recoveries, with an updated NI 43-101 technical report expected in the second half of 2026.

Looking further ahead, recent high-grade drill success is paving the way for the Reforma and El Rey zones to become the mine's primary source of ore feed starting in 2028. 

By shifting to more efficient, bulk-tonnage mining methods in these new areas, Luca is perfectly positioned to optimize production and unlock the massive exploration upside across its 12,000-hectare property.

https://preview.redd.it/029zj08pgewg1.png?width=2558&format=png&auto=webp&s=827d73a8bb3e60af4657ed83011f6b1422659930

View the full presentation here: https://lucamining.com/presentation/

Posted on behalf of Excellon Resources Inc. - (TSXV: EXN | OTC: EXNRF) has reinforced its restart strategy at the Mallay Mine in Peru with a new NI 43-101 technical report confirming a high-grade, modern resource base.

Resource highlights:

• Indicated: 890kt @ 195 g/t Ag, 3.33% Pb, 4.83% Zn

 → 5.57 Moz Ag, 65 Mlbs Pb, 95 Mlbs Zn

• Inferred: 362kt @ 149 g/t Ag, 2.67% Pb, 4.32% Zn

 → 1.74 Moz Ag, 21 Mlbs Pb, 34 Mlbs Zn

• Total:

 → 12.01 Moz AgEq @ 420 g/t (Indicated)

 → 4.00 Moz AgEq @ 344 g/t (Inferred)

What underpins the model:

• Built on a robust dataset: 166,000m+ drilling and 22,000m+ channel sampling

• Reinterpreted using modern 3D geological modelling

• Demonstrates material growth vs. historical estimates at comparable grades

Why it matters:

• Mallay is a fully permitted, past-producing underground mine with a 600 tpd mill

• High-grade resource provides a credible foundation for a restart scenario

• Positioned for capital-efficient redevelopment in a strong silver price environment

Upside catalysts:

• 10,000m drill program underway to expand and upgrade the resource

• Additional zones (Footwall, Shafra) offer untested exploration potential

Bottom line:

Excellon has transitioned Mallay from a historical asset into a modern, high-confidence resource base, with active drilling and clear pathways to both restart and resource growth.

Posted on behalf of Star Copper Corp. - STCU; STCU.c; STCUF a critical minerals exploration and development company, has recently announced plans for a fully funded, multi-phase exploration program at its flagship Star Project in northwestern British Columbia.

The Company is advancing preparations for its 2026 drill program anticipated to encompass up to 15,000 meters focused on first pass and follow-up drilling across the Star Main and four key exploration target areas including the Star North, Copper Creek, Star East, and Star West target locations.

Crews are mobilizing onsite to begin prepping the camp for the largest work program in the history of the project. The entire program is fully funded through more than $12 million in flow-through financing.

Highlights

• Drill pad construction commences at Star West, North, East, and Copper Creek locations to expedite drill installation and rapid relocation to meet logistics schedule and anticipated pace of operations.
• 3D IP and MT survey deployed to tighten geophysical modeling in preparation for testing all targets at depth.
• Drill pad locations are being situated to test satellite targets to increase overall knowledge base and refine the advancement of a nested porphyry model.

Drilling will initially be focused on the Copper Creek target to follow up on last year's highly promising results from drill hole CC-25-001 which returned 57.0m of 0.614% CuEq within 111.0m of 0.348% CuEq (see Company news March 24, 2026).

https://preview.redd.it/wx4h714nbtvg1.png?width=2586&format=png&auto=webp&s=d1a5ac1b749613760a70eac5ea1118714fdeb54e

View the full NR here: https://starcopper.com/star-copper-fully-funded-15000-metre-drill-program-targets-maiden-resource-in-2026/

Posted on behalf of Toogood Gold Corp. - TGC.v; TGGCF Toogood Gold CEO Colin Smith recently sat down with Stocks To Watch to discuss the company's transformative transition from a single-project explorer to a dual-track exploration company, highlighting the newly acquired Table Mountain project in Nevada.

Key Highlights

• Massive Nevada Potential: The Table Mountain project was generated by Origin Royalties and features a massive alteration cell identical in scale and intensity to the nearby 16+ million ounce Silicon/Merlin gold camp.
• Untapped Surface Gold: Recent field visits confirmed the presence of massive, meter-scale epithermal quartz veins running multi-gram gold right at the surface, which show absolutely no signs of modern drill testing or even rock sampling.
• Fast-Tracked Permitting: Situated on BLM land, Table Mountain benefits from highly streamlined permitting. The company plans to blanket the property with soils and detailed mapping immediately, targeting a drill-ready plan by Q3 2026.
• Strong Leadership Team: The company is backed by a highly experienced group, including Strategic Advisor Shawn Khunkhun, CFO Matt Roma (Founding CFO of Snowline Gold), and Director Darren Devine (Chairman of Dolly Varden Silver).

With strong leadership and a massive, untested epithermal system in the world's most prolific gold jurisdiction, Toogood Gold is aggressively positioning itself for a highly anticipated discovery-focused drill program later this year.

https://reddit.com/link/1smgi9l/video/snru7oqspevg1/player

View the full interview here: https://www.youtube.com/watch?v=rMr5MfLrpqo

Posted on behalf of NexGold Mining Corp. With high-density drilling underway and broader development work advancing in parallel, NexGNexGold is systematically increasing confidence in Goldboro’sasset toward a potential construction decision in 2026.

Program focus:

• Targeting near-surface zones (~50m depth) scheduled for early production

• Tight 12.5m drill spacing to significantly increase data density

• Designed to upgrade resources from Indicated → Measured

Why RC drilling matters:

• Better reflects production conditions and dilution

• Provides higher-confidence data for mine planning

• Enhances reliability of the resource model ahead of development

Built on a strong foundation:

• Program leverages 180,000m+ of historic diamond drilling

• Incorporates 58,000m of additional drilling completed since 2021

• Focused on de-risking the earliest years of the mine plan

Parallel de-risking underway:

• Ongoing engineering, environmental, and permitting work

• Continued engagement with the Mi’kmaw of Nova Scotia

• Assay results expected through Q3 2026 to support technical updates

With high-density drilling underway and broader development work advancing in parallel, NexGold is systematically increasing confidence in Goldboro’s resource and positioning the project for a near-term build decision.

https://www.reddit.com/r/PennyStocksCanada/comments/1s4ptlk/30000m_infill_drill_program_initiated_at_goldboro/

I’ve been thinking about NextNRG, Inc. (NXXT) from a slightly different angle.

Not just what the numbers look like today, but what they look like over time.

If gasoline stays around $4.13+, then each quarter operates under a different revenue framework.

Baseline:

• $21.75M per quarter

New environment:

• ~$28.91M per quarter

That’s about +$7.16M per quarter.

Now extend that over a few quarters.

The difference adds up quickly.

And that’s without assuming:

• Volume growth
• New contracts
• Expansion

Just the same business over time.

That’s why I think the duration of the pricing environment matters.

Because the longer it holds, the more it influences expectations.

And once expectations change, the way the stock is valued usually follows.

So the real question becomes:

How long does this environment last?

Because if it persists, the impact could be larger than people expect.

[ Removed by Reddit on account of violating the content policy. ]

There’s a point where the underlying numbers change enough that older assumptions start to feel out of place.

Looking at the latest results, the company reported $81.8M in revenue for 2025, compared to $27.8M the year before. That’s nearly 3x growth in a single year.

Gross profit also moved significantly, from $1.8M to $6.9M, which is about a 286% increase, and margins improved from 6.4% to 8.4%. Q4 fuel delivery margins reached around 10.4%, which shows that efficiency improved as scale increased.

Those are not small changes. They shift the size and structure of the business in a measurable way.

Now compare that to how the stock is still often framed. It’s still viewed through the lens of a sub-$1 name with earlier-stage characteristics, even though the revenue base is now over $80M annually and the company has demonstrated consistent monthly performance in the $7M–$8M range.

For NextNRG (NXXT), that gap between operating scale and how the market treats the stock is what stands out.

If you take the December data point, $8.0M in revenue on 2.53M gallons, and run simple sensitivity scenarios, you can see how forward revenue potential can move faster than static assumptions.

At roughly $3.16 per gallon, that’s the December baseline. At $4.13, the same volume points to about $10.45M monthly revenue, which is roughly $2.45M higher without changing throughput.

On a larger framework, around 28M gallons, revenue near $87M becomes about $115.6M at higher pricing, which is about $28.6M more, or roughly 32.9% increase.

That’s not a forecast, just math to show how sensitive the revenue line can be once volume is established.

When you combine that with margin improvement and new infrastructure contracts, the business starts to look different than it did when revenue was closer to $20M–$30M.

The question then becomes how long it takes for that change in scale to be reflected in how the stock is viewed.

Posted on behalf of Midnight Sun Mining Corp. - MMA.v; MDNGF Midnight Sun Mining's VP Adrian O'Brien and COO Kevin Bonel recently returned to the Experts Roundtable to provide a major update on the rapid advancement of the district-scale Dumbwa copper discovery in Zambia.

Key Highlights

• Massive Discovery Unfolding: The company has already confirmed 4 kilometers of strike length at the Dumbwa target. With five rigs aggressively drilling up to 10,000 meters a month, they are fully on track to drill off the first 12 kilometers by Q3.
• Tier-One Scale Potential: COO Kevin Bonel—the geologist credited with turning Barrick's neighboring Lumwana mine into a 1.6-billion-tonne tier-one asset—notes Dumbwa shares the exact same geological model but features an anomaly nearly four times the length.
• Fully Funded for Execution: With over $30 million in the treasury, Midnight Sun has the capital to methodically execute its entire 2026 drill program, with further cash influx anticipated from the strategic monetization of its Kazeba oxide asset.
• Legendary Endorsement: Resource investing legend Doug Casey highlighted the project's perfect storm of at-surface mineralization, strategic rail infrastructure, and proximity to major producers, referring to the stock as a potential "10-bagger".

Armed with a massive treasury and a highly methodical drill program, Midnight Sun is rapidly building an undeniable dataset for what could be the copper sector's next major tier-one acquisition target.

https://reddit.com/link/1sndisp/video/vrui1wdprlvg1/player

View the full presentation and roundtable discussion here: https://www.youtube.com/watch?v=C_BsF5nWvjk

[ Removed by Reddit on account of violating the content policy. ]

Early-stage companies usually show uneven numbers. Big spikes followed by slow months.

That’s not what happened here.

From July through December, NXXT's revenue stayed in a tight range around $7M-$8M per month, while still growing over 200% YoY.

Then Q4 adds up to $23M, and the full year lands at $81.8M.

That kind of consistency makes it easier to model forward scenarios, even if you stay conservative.

You also see margin improvement alongside that:

6.4% -> 8.4% full year

~10% in Q4

When numbers start looking predictable like this, it usually means operations have stabilized.