Canadian Juniors
Canadian Junior Mining
Small Canadian exploration companies have been this publication's beat for two decades. They are among the most speculative stocks an American can buy, and among the most misunderstood. These guides teach you to read the filings, the drill holes and the share structure yourself, so you are never relying on a promoter's word.
All guides in this section
How junior mining stocks work, from first claim to mine
The junior mining lifecycle explained for U.S. investors: exploration, discovery, resource estimates, studies, permitting, financing, and the Lassonde curve.
Reading an NI 43-101 report without a geology degree
What NI 43-101 requires, who a qualified person is, resources vs reserves, why inferred tonnes are limited, what to read first, and the red flags to watch.
Drill results explained: how to read a mining press release
How to read junior mining drill results: interval length, grade, gram-metres, true width vs core length, cut-off grades, including intervals, assays and QA/QC.
Dilution and financings: how juniors raise money, and what it costs you
Private placements, units and warrants, flow-through shares, bought deals, fully diluted share counts, consolidations, and cash runway math for junior miners.
SEDAR+ and SEDI: how to research a Canadian company yourself
How to find financial statements, MD&A, technical reports and news on SEDAR+, track insider trades on SEDI, and use EDGAR for Canadian firms filing in the U.S.
Buying Canadian stocks from the U.S.: OTC, interlisted, or direct
Three ways U.S. investors can buy Canadian juniors: OTC quotes, interlisted shares, or direct TSX and TSXV trading, plus currency, liquidity and tax issues.
Mining jurisdiction risk: why where a deposit sits matters as much as what is in it
How permitting, Indigenous consultation, royalties, political risk and infrastructure shape a mine project's value, and how to use the Fraser Institute survey.
Mining stock promotion red flags, and how to check them
How paid mining stock promotions work, what U.S. law requires promoters to disclose, pump-and-dump mechanics, and a checklist for vetting a hyped junior.