What does America's new "warp speed" push on critical minerals and batteries actually mean for investors trying to pick winners? In this episode, we (Howard and Matt) sit down again with Jigar Shah - former head of the U.S. Department of Energy's Loan Programs Office, co-founder of Generate Capital, and one of the clearest voices on how policy, capital and technology come together in clean energy - to unpack what we're calling America's "Belt and Road" moment for critical minerals and energy infrastructure. Chapters (00:00:00) Intro(00:02:39) U.S. "Warp Speed" Industrial Policy vs China(00:05:21) Jigar's New Work & Demand Flexibility(00:06:53) Grid Peak Problem & Storage Economics(00:08:54) Batteries, Politics & "Don't Poke the Bear"(00:14:18) IRA vs "One Big Beautiful Bill"(00:24:49) Juniors, DoD Offtake & Stockpiles(00:26:39) China's Rare Earths Overreach(00:31:41) U.S. Battery/Cathode Innovation Path(00:36:26) Tariffs, Timelines & Capital Formation(00:42:52) Partnering with China (or Not)(00:48:38) Price Floors, CFDs & Infrastructure(00:52:51) MP, Vulcan & Deal Transparency(00:55:55) U.S. Lithium Export Vision(01:05:12) DOE Deal Cancellations(01:07:09) Canada's Role in Friend-Shoring(01:10:32) Outro Read my Lithium-ion Bull Issue 108: Critical Minerals at Warp Speed: https://x.com/LithiumIonBull/status/1986116081086308431 For retail investors trying to make sense of the sudden U.S. push on lithium, rare earths, battery materials, transmission, and reshoring, this is a useful reality check. Jigar walks through how the DOE model under Biden is evolving under the current administration - with the Department of Defense/War and the new Office of Strategic Capital now taking a bigger role - and why that's changing the offtake, financing and exit environment for both large miners and juniors. What we cover: - Why Washington is moving at "warp speed" to friend-shore supply chains for lithium, rare earths, magnets, and advanced manufacturing. - How U.S. industrial policy has shifted from pure decarbonization to energy security and economic resiliency - and what that means for project selection. - Why batteries and demand flexibility are, in Jigar's view, still the cheapest way to meet new AI/data-center load, even when some commentators avoid saying "batteries" out loud. - The tension between big OEMs wanting to deal with large, de-risked miners and the reality that many critical mineral markets are still junior-heavy and thinly traded. - The emerging U.S. playbook around strategic stockpiles / government offtake as an alternative to IRA-style demand credits. - How China may have overplayed its hand on rare earths, creating more political room for North America, Australia and Europe to build parallel supply chains. - The difficult but investable timeline: this is not a 1-2 year fix - it looks more like a 5-10+ year buildout - but public capital is now signaling in the right direction. - Why project stability, rule clarity and transparent selection criteria still matter for capital formation in mining and midstream processing. We also probe Jigar on the canceled DOE-linked deals, the sudden $1.4B "VC-style" critical minerals announcement, and how investors should think about price floors, contracts-for-difference, and socialized infrastructure versus preserving mining upside. If you follow U.S.-China minerals competition, EV/battery supply chains, or the politics behind U.S. loan and grant decisions, this episode gives you context that's hard to find. Sponsors - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty) - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments) Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lit

We (Howard, Matt & Rodney) sit down with Lithium Royalty Corp (TSX: LIRC) CEO Ernie Ortiz and Libra Energy Materials (CSE: LIBR) CEO Koby Kushner for an update on lithium royalties and early-stage exploration. Chapters 📖 (00:00) Introduction(03:45) Zijin Production & LRC Impact(06:27) Cesium Upside (Power Metals)(08:37) Finniss Restart: Site Visit(12:02) BP33 Underground Focus(13:10) WA: Capex Pullback & Ramps(14:42) Share Buybacks Overview(17:10) Valuing Royalties (P/NAV, IRR)(21:06) Pipeline: Cash-Flowing Deals(23:27) Thacker Pass Litigation(25:29) Supply, Inventories, Prices(28:12) ESS Demand Surge(30:49) Policy Tailwinds (US/AU/AR/CA/BR)(33:26) Price Floors & Data Centers(36:58) Closing: Diversified LRC Exposure(38:00) Libra Energy Materials: New Advisors(40:06) OTCQB Listing(40:48) Brion Brazil Acquisition(42:37) Brazil Exploration(45:15) Brazil Timeline(45:40) Quebec Program(47:59) Ontario Update(50:13) Athena Gold Plan Lithium Royalty Corp Highlights 🔑 • LRC near-term catalysts: 3Q (Catamarca, Argentina) has commenced Phase 1 (~20ktpa), with a potential Phase 2 adding ~40ktpa. LRC holds a ~0.9% gross royalty. Management expects 2026 to be the first meaningful revenue year as production ramps. • Cesium exposure: Through a 2% gross revenue royalty on Power Metals, LRC has upside to cesium—an emerging battery and grid material—with a 2026 start targeted. • Core Lithium restart: Site visit validated the shift to the BP33 underground plan aimed at lower operating costs. Recent financing (~$50M) plus ~205kt of unencumbered offtake could support a restart when prices recover. • Royalty valuation & buybacks: Following a royalty sale to Triple Flag (US$28M), LRC repurchased ~9% of its float at attractive levels. Ernie discusses P/NAV and IRR as core valuation frameworks, noting LRC trades at a discount to mature royalty peers as its assets advance toward cash flow. • Optionality: Thacker Pass royalty litigation continues, with potential outcomes not yet included in analyst models. Timing for next legal step expected H2’26/’27. • Market signals: Lithium inventories are drawing down, spodumene appears to be stabilizing, and ESS demand remains robust. Management sees improving fundamentals heading into 2026. LIBR Snapshot 🔑 • Brazil expansion underway: LIBR acquired a private Brazilian portfolio (~30 projects, majority lithium-focused). Early prospecting has begun, including in Minas Gerais near established producers. • Targeting methods tailored to Brazil: Due to weathering that removes lithium at surface, LIBR is using geochemical indicators and historic workings to refine drill targets. • Quebec fieldwork launched: Two James Bay–area projects (including “Wegucci”) are being evaluated via helicopter-supported reconnaissance to confirm pegmatite scale. • Ontario earn-in advancing: A major partner is funding a staged C$33M earn-in across three projects. Initial commitments have been met; assays pending. • Athena Gold holding: LIBR holds ~44M shares and plans a measured approach to any future monetization aligned with drill milestones. Sponsors   - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty) - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments) Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter/Matt's Blogs: https://rkequity.com/ Have a question? Drop us an email: rockstockchannel@rkequity.comPatreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: htt

In this episode, we (Howard, Matt & Rodney) sit down with former Canaccord metals & mining analyst turned operator Eric Zaunscherb - now Chair of Critical Elements Lithium and Executive Chair at GR Silver Mining (GRSL) - to assess where we are in the cycle for TSX/TSXV juniors, gold, silver, and lithium, and what that means for retail investors. What we cover (for investors) 🔍: Cycle context: Eric’s slide deck tracks seven prior junior-mining recoveries over 43 years. The average up-cycle ran ~38 months with ~+180% magnitude; by his math, today’s move (which started in Q4-2023) still screens mid-cycle on both duration and magnitude. Gold & silver dynamics: Why precious metals typically lead; how currency debasement and cleared inventories intersect with silver’s dual role (precious + industrial). We discuss silver’s by-product supply, recent volatility, and why it tends to outperform late in the move - and underperform on reversals. Valuations you rarely see: EV per P&P reserves, M&I, and global resources across silver developers vs. gold peers - why silver reserves aren’t getting a premium yet (capital scarcity for build-outs), while gold developers have started to be rewarded. Lithium reality check: Identified resources have doubled since 2022 (mostly DLE/clays), but commercial output remains anchored in hard-rock and salar brine. Developer multiples haven’t re-rated alongside gold/silver - creating scarcity value for conventional, financeable assets. Quebec focus: Critical Elements’ Rose project optionality, the Nisk/Lion area (optioned to Power Metallic), and why Quebec’s clean grid + jurisdiction matter to Japan/Korea offtakers. Energy storage (BESS) is the swing factor: Matt explains why most forecasts underestimate solar + storage, how grid constraints and fast-build lead times pull storage demand forward, and what that implies for lithium incentive pricing. Policy & capital flows: AUS-US cooperation, potential shared infrastructure, and growing private/DFI capital for critical minerals. Mini-segment: Alicia Mil(lne) - Q2 Metals update (Korea/Japan roadshow, assays pending incl. Hole 44: 457 m pegmatite intercept). Guidance: Q1 inferred resource, PEA work to follow; four rigs currently turning. Why this matters (our take) 🤝: - Know where we are in the cycle to size risk across producers vs. developers.- See how capital availability is shaping valuation spreads (especially silver).- Distinguish conventional, buildable lithium from higher-tech-risk stories.- Treat BESS as a second demand engine (alongside EVs) with policy and grid tailwinds. 🔔 If you find this useful, subscribe for our weekly(ish) Rock Stock Recaps and interviews.✉️ Join the list for Matt’s blogs/Lithium-ion Bull: https://rkequity.com/ Sponsors - Lithium Royalty Corp (TSX: LIRC) - diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty) - USCF Investments - commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments) Chapters  (00:00) Intro(04:25) About Guest(05:34) TSXV Recovery Cycles(07:57) Cycle Drivers(09:30) Silver's Dual Role(11:05) Inventories & Volatility(13:10) Silver Supply Constraints(15:07) Silver's Bigger Swings(15:46) Valuing Silver Developers(18:36) Gold vs. Silver Valuations(19:33) Gold Macro Setup(22:45) Lithium Valuation Reset(24:55) Resources vs. Supply(26:52) Quebec Lithium Snapshot(30:56) Strategics: Korea & Japan(34:29) Trump/Australia Agreement(37:42) ESS Demand Drivers(43:58) Distributed Energy Resources(48:28) Transmission Bottlenecks(51:37) Wrap-Up(51:57) Q2 Metals Update(54:13) Drilling Highlights (Hole 44)(54:55) Upcoming Milestones(56:28) Financing Snapshot Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter/Matt's Blogs: https://rkequity.com/ Have

In this episode, I (Matt Fernley, Battery Materials Review) sit down with Cormac O’Laoire (Electrios Energy) to dissect what LME Week signals for battery materials and how policy, supply chains and technology choices could shape returns for investors over the next 12–24 months. We compare the sharply divided lithium outlooks we heard in London with on-the-ground demand indicators in China, Europe and the Rest of World, and outline the datapoints I’m watching (especially inventories) before turning more constructive. Key topics discussed - LME Week takeaways: why analyst views on lithium are further apart than I’ve ever seen, and the inventory declines I need to see before calling a turn. - EV demand mix: China’s scrappage scheme dynamics, BEV vs PHEV trends, and the importance of ROW growth and Chinese exports (e.g., BYD). - China export controls: implications of restrictions on advanced LFP and graphite; Western exposure to Chinese anode material and the case for building an NMC-led supply chain outside China. - Funding gap: why lithium, graphite/anode, high-purity manganese and parts of nickel struggle to get financed at current China-linked prices—and where policy tools (e.g., floors) might help. - Chemistry choices in the West: NMC/MCA vs LFP, and the emerging use of mixed-chemistry packs for performance and cost. - Sodium-ion reality check: cost/performance hurdles, hard-carbon anode bottlenecks and why SIB scale is likely to stay niche near term vs LFP. - Graphite spotlight: ExxonMobil’s move into synthetic graphite via Superior Graphite—what it could mean for non-Chinese anode supply if capex and feedstock line up. - ESS momentum: China’s aggressive multi-year targets, Middle East mega-projects, and the risk of near-term tightness in cells as grid storage scales. Who should watch: retail investors following lithium, graphite/anode materials, nickel/manganese, cell makers, EV OEMs and grid-scale storage. Expect an even-handed discussion focused on fundamentals, policy and investability rather than hype. Further reading: Detailed data, charts and monthly commentary are in Battery Materials Review: https://www.batterymaterialsreview.com/ #lithium #graphite #batteryMaterials #EVs #energystorage #LFP #NMC #sodiumion #BYD #China #LMEWeek #commodities #investing Sponsors - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty) - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments) Chapters (00:00) Introduction(01:24) LME Week: What Stood Out(03:08) Lithium Outlook Split & Inventory Watch(07:23) EV Demand: China vs Rest of World(09:59) China Export Controls (LFP & Graphite)(13:00) The Funding Gap in Battery Materials(17:31) Chemistry Choices: NMC/NCA vs LFP(20:32) Sodium-Ion Reality Check(24:59) Graphite Spotlight: ExxonMobil's Superior(27:49) China Market: Scrappage, Inventories, BEV vs PHEV(32:11) ESS Boom: China Targets & Global Impact(36:43) Closing Remarks Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ Have a question? Drop us an email: rockstockchannel@rkequity.comPatreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own

In this episode, we sit down with Ajanth (Aj) Saverimutto, Managing Director of Wildcat Resources (ASX: WC8), to discuss the company’s Tabba Tabba lithium project in Western Australia, recent exploration at Bolt Cutter Central, and what the latest pre-feasibility study (PFS) implies for costs, scale, and timelines. What we cover - Project overview: Why Tabba Tabba’s location near Port Hedland and tier-one Pilbara lithium mines matters for logistics and costs. - Acquisition story: How Wildcat secured the asset and accelerated drilling to reach resource, reserve and PFS milestones. - PFS takeaways: Base-case design, contingencies, strip assumptions, and the rationale for a staged ramp-up. - Costs & scale: Headline Capex/Opex, targeted 5.5% spodumene concentrate, recoveries, and throughput steps (2.2Mtpa → 4.5Mtpa). - Mining plan: Predominantly open pit with later underground; implications for mine life and cash flow sequencing. - Exploration upside: Early results at Bolt Cutter Central (stacked pegmatites) and potential additions from Chewy/Han/Hutt and tantalum. - Funding pathways: Debt, offtake/prepay, strategic and government options—and what counterparties are engaging. - Market context: How Pilbara cost curves, sentiment, and recent moves by majors frame risk and opportunity. Key numbers discussed (from the interview) - Capex (incl. pre-strip): ~A$680m (base case).- Unit costs: ~US$541/t C1 and ~US$650/t AISC (FOB basis discussed).- Production profile: Stage 1 ~300kt/y SC5.5 ramping to ~600kt/y in Stage 2.- Recoveries: ~70–80% (with conservative haircut in PFS).- Mine life: ~17 years initial plan (with potential extensions).- Mining mix: ~79% open pit / 21% underground over life.- Balance sheet & history: Last equity raise Nov 2023 (~A$100m @ A$0.76); cash balance discussed at ~A$55m at time of interview. About the guest AJ is a mining engineer and accountant with senior ops experience at Freeport-McMoRan’s Grasberg and BHP. He previously restarted and sold the Beta Hunt nickel-gold mine before joining Wildcat. Sponsors - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty ) - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments ) Chapters (00:00) Introduction(03:25) AJ's Background(05:35) Tabba Tabba Acquisition(07:30) Bolt Cutter Discovery(09:40) PFS Highlights(11:51) Capex, Opex & Output(13:17) Resource Upside(14:27) Mining Plan(15:23) Metallurgy & Recoveries(17:58) Funding Pathways(19:01) Near-Term Catalysts(20:23) Competitive Edge(23:11) Market Context(25:47) Investor & Offtake Interest(29:42) Global Counterparties(30:48) Government Support(31:39) Closing Remarks Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ Have a question? Drop us an email: rockstockchannel@rkequity.comPatreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we (Howard & Rodney) sit down with Water Tower Research (WTR) equity analyst Dmitry Silversteyn to unpack the critical minerals landscape for retail investors—what matters now in lithium, nickel, rare earths, and where U.S. policy could steer capital next. We discuss China’s latest export restrictions, the growing focus on onshoring/friend-shoring and processing capacity, and why permitting and downstream infrastructure may be more decisive than simply finding ore in the ground. We also take a measured look at The Metals Company (TMC): what the new PFS implies, execution and permitting risks (including the NOAA pathway), and how partnerships with Allseas, PAMCO (Japan) and Korea Zinc fit into a potential nickel supply solution that avoids high-impact terrestrial mining. Finally, we revisit the lithium market—inventory overhang, price stabilization, and where U.S. dollars may flow across clay, DLE/geothermal, brine, and hard-rock projects—plus the role of government grants, loans, and potential equity stakes in catalyzing private investment. What we cover - China’s export curbs and implications for MP Materials, Lithium Americas, and U.S./Five Eyes supply chains- Why processing capacity (hydroxide/sulfate, magnet materials, etc.) is the bottleneck—and a policy priority- TMC strategy: resource scale, pilot results, PFS assumptions, partnerships, and competitive lead- Key risks: scale-up, offshore uptime/weather, market acceptance, and regulatory timelines- Lithium outlook: demand normalization, pricing, and comparative risk across clay vs. DLE vs. brine vs. hard-rock- How U.S. funding signals (grants/loans/equity) can de-risk first-of-a-kind projects and crowd in private capital Guest Dmitry Silversteyn, Equity Analyst, Water Tower Research — chemical/process engineering background and two decades in equity research (coverage across TMC, Albemarle, SQM/FMC/Livent, and broader battery materials). Mentions & tickers (non-exhaustive) LAC, ALB, SQM, MP, TMC, ABAT, PLL, SGML, LIRC (TSX), plus references to Korea Zinc, Allseas, PAMCO and various U.S./Canadian/Australian lithium and graphite names. Sponsors - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty) - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments) Chapters (00:00) Introduction(02:40) Dmitry's Background & WTR(05:49) China Export Curbs & Processing(09:06) Onshoring vs. Friend-Shoring(14:28) Government Role: Permits & Funding(15:59) First-Of-A-Kind & Equity(18:23) TMC Overview & Offshore Analogy(19:06) TMC PFS: Key Takeaways(22:31) Nickel Outlook & Indonesia(24:37) Processing: PAMCO & Korea Zinc(27:06) Policy Tailwinds & Backers(28:43) TMC's Lead Over Rivals(31:20) Key Risks & Acceptance(34:20) Permitting & Timeline(37:45) TMCs Funding Path(41:28) Lithium Market Reset(47:29) U.S. Lithium: Paths & Capital Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ Have a question? Drop us an email: rockstockchannel@rkequity.comPatreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclai

In this Rock Stock Recap episode, we discuss key trends in the commodities and critical minerals markets, focusing on lithium, copper, silver, and emerging investment opportunities. Joined by guest Tom Woolrych from Deutsche Rohstoff, we delve into topics like the evolution of lithium markets, the potential of new discoveries in Quebec (Q2 Metals), and why certain lithium equities have lagged despite strong market signals. They also explore the strategic importance of graphite, niobium, and other niche metals, as well as the ongoing developments in global geopolitics affecting commodity prices. Tom shares his expertise on "geo-alpha" investing, discussing how to identify early-stage discoveries and capitalize on underexplored opportunities. The conversation also covers the challenges and opportunities in the copper and silver markets, with a focus on supply disruptions and the evolving demand for these metals. Additionally, we highlight key insights into Argentina’s lithium brine assets, the impact of China’s export curbs on critical materials (rare earths, graphite), and the role of government-backed funding for junior companies in scaling niche metals projects. This episode is a must-watch for retail investors interested in understanding the complexities of the commodities market, particularly in the context of the ongoing energy transition and the global race for critical minerals.   Sponsors   - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio.(Website: https://www.lithiumroyaltycorp.com/ | X: https://x.com/Lithium_Royalty) - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities).(Website: https://www.uscfinvestments.com/ | X: https://x.com/USCFInvestments)   Chapters   (00:00:00) Intro(00:04:08) About Tom Woolrych(00:08:18) Patriot vs. Q2: Known vs. Early Discovery(00:10:01) Modeling Q2: Pegmatite and Maiden Resource(00:16:55) Lithium Market: Lagging Equities & Q2 Upside(00:18:29) Patriot's Cesium Hype vs. Reality(00:19:58) Wildcat Update: Logistics & Fast-Track Potential(00:21:12) Deutsche Rohstoff's Strategy: Almonty's Success(00:24:07) Copper & Silver: Shifting Focus from Gold(00:29:52) Niobium & Rare Metals: Strategic Importance(00:31:23) Iron Ore: West Africa & Market Trends(00:32:21) Gold vs. Bitcoin: Central Bank Influence(00:35:18) Dollar's Role: Geopolitics & Hedging(00:37:10) Big Miners: Undervalued & Poised to Rerate(00:41:20) Supercycle: Different Commodities This Time(00:44:04) Argentina: Brines, Macro Trends, & Mispricing(00:49:54) China Export Curbs: Rare Earths & Graphite(00:55:10) Geopolitics: Negotiations & Supply Security(01:03:30) Closing Remarks   Links   - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ Have a question? Drop us an email: rockstockchannel@rkequity.comPatreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we sit down with Gabriel Rubacha, CEO of NOA Lithium Brines (TSXV: NOAL), to discuss the Preliminary Economic Assessment (PEA) for NOA’s Rio Grande project in Argentina and what it may mean for investors following lithium brines, cost curves, and capital pathways. We cover: - PEA headline items: ~4.7 Mt LCE resource at ~520 mg/L, a two-train development (20kt + 20kt LCE), conservative use of proven evaporation with DLE optionality to be re-evaluated at PFS, and a first-phase pre-production CapEx of ~$706M. - Route selection & flexibility: Base case carbonate; evaluating lithium chloride as a staged approach that could trim CapEx/OpEx by ~30–35% and potentially fund a downstream carbonate plant at lower elevation. - Operating profile: Blended grade approach; north/northeast zones 600+ mg/L, central salar ~400–500 mg/L. Management frames costs as mid-pack for Argentina today, targeting a first/second quartile global position as the project matures. - Scaling & timelines: Phase 1 infrastructure helps scheduling more than headline CapEx; PFS targeted before end-2026 with workstreams in pumping wells, freshwater, southern drilling, lab testwork, and DLE options. - Funding & partnerships: Intention to advance toward PFS, then consider strategics/operators to bring the asset into production. Clean Elements (major shareholder) as a contrarian backer of Argentine brines; discussion of tight share register and recent placements. - Regional context: Proximity to Mariana (Ganfeng); broader Argentina investment climate and how policy signals and elections intersect with mining capital. - Market discussion: Why Aussie lithium equities often move earlier than North American names; U.S. policy signals around Lithium Americas and knock-on effects; China supply narratives (mine licensing cadence) and our inventory read (~35–40 days) into year-end with typical restocking after Chinese New Year. Guest: - Gabriel Rubacha — CEO, NOA Lithium Brines; prior roles include board/operating positions at Lithium Americas and leadership at Minera Exar JV with Ganfeng in Argentina. Tickers Mentioned (context only): TSXV: NOAL, TSE: LIRC (Lithium Royalty Corp), plus references to producers/developers in Argentina and Australia. Sponsors (thanks for supporting investor education): - Lithium Royalty Corp (TSX: LIRC) — diversified lithium royalty portfolio. | Website - https://www.lithiumroyaltycorp.com/ | X - https://x.com/Lithium_Royalty - USCF Investments — commodity-focused ETFs (e.g., CPER copper, ZSB battery metals, USG gold, SDCI diversified commodities). | Website - https://www.uscfinvestments.com/ | X - https://x.com/USCFInvestments Chapters: See the chapter list in this video for quick navigation to PEA details, cost/CapEx discussion, chloride vs. carbonate, PFS roadmap, funding options, regional comps, and the broader lithium market segment. (00:00) Introduction(04:00) PEA Summary & Design(06:26) CapEx, OpEx & Timeline(07:23) Chloride vs. Carbonate(09:47) Phase 2 & Infrastructure(11:03) Grades & Geology(12:08) Cost Curve Position(13:50) Funding & Partners(16:45) PFS Plan & Milestones(18:26) Nearby Projects(19:17) Shift to Market Talk(19:59) U.S. Backing Impact(22:00) China/Australia Equity Dynamics(25:13) Brine vs. Hard Rock Valuation Gaps(27:51) Clean Elements' Bet(29:23) Argentine Brines Value(30:51) Argentina Investment Climate(32:48) Politics & Reforms(34:30) Uncertainty & Sentiment(35:08) China Supply & Licenses(37:13) Inventories & Demand(38:07) Closing Remarks For investor resources and Matt’s blog on valuation gaps in Argentine brines, visit https://blog.rkequity.com/. For inquiries or meeting requests (including the upcoming London 121 dates mentioned), contact rockstockchannel@rkequity.com Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.c

In this episode, we (Howard & Rodney) sit down again with Graham Harris, Chairman of Surge Battery Metals (TSXV: NILI | OTC: NILIF), for a focused update on the Nevada North Lithium Project (NNLP) and recent corporate developments relevant to retail investors. We cover: - Project Update & PEA Context: A brief recap of the June PEA and how the current workstream is geared toward the upcoming Pre-Feasibility Study (PFS).- Exploration & By-Products: Why the team is now assaying for rubidium and cesium, how those tests fit into the 9-hole fall drill program, and what would be required for any by-product economics to matter.- Drill Program & Timeline: The fall infill program (targeting high-grade zones, ~600 ft depths) aimed at upgrading resources for the PFS, with drilling expected to wrap late Oct/early Nov (weather permitting).- Land & Water Access: New LOI/MOU elements around private land access and water rights with Salmon River, plus ongoing collaboration to balance hydrology, grazing, and project needs.- Consolidation of Ground: Closing the remaining Texas Spring claims to improve siting options for future infrastructure.- Evolution Mining LOI: A non-binding JV framework to consolidate mineral interests and fund PFS activities, subject to final structure/tax work and definitive agreements.- Balance Sheet & Funding: A C$5M financing (closing Oct 5, no JV close condition), ~C$7M cash balance, and expectations that PFS costs are funded by the prospective JV partner.- Sector Backdrop: Market reaction to recent Lithium Americas headlines and broader U.S. policy signals around domestic critical minerals—and what that could mean for Nevada sedimentary lithium projects. Why watch: If you follow early-stage lithium developers, this conversation provides clear milestones to track—assay scope expansion, infill drilling results, permitting/de-risking steps, JV finalization, and the path to PFS. Tickers Mentioned:Surge Battery Metals — TSXV: NILI | OTC: NILIFLithium Americas — NYSE/TSX: LAC (context) Key Topics for Search & Discovery:lithium stocks, Nevada lithium, clay-hosted lithium, Surge Battery Metals NILI NILIF, Evolution Mining JV, lithium PEA vs PFS, rubidium cesium by-products, mining water rights Nevada, retail investor lithium, critical minerals policy USA Chapters: See timestamps in the video for: company update, by-product assays, drill program, land & water agreements, Evolution LOI, financing, and sector context. Learn more about Surge Battery Metals (NILI):- Website: https://surgebatterymetals.com/- X (Twitter): https://x.com/SurgeBattery- LinkedIn: https://www.linkedin.com/company/surge-battery-metals-inc/ If you found this content valuable, don't forget to like, subscribe and comment! 📖 Chapters(00:00) Introduction(03:07) Rubidium and Cesium Results(04:16) Byproduct Potential(04:54) Texas Spring Claims Acquisition(05:56) Land and Water Agreements(08:55) Drill Program & PFS Timeline(10:44) Evolution JV Terms(13:15) Evolution Partnership Benefits(15:20) Capital Raise & Funding Status(17:09) U.S. Critical Minerals Support(20:40) Surge's Positioning & PFS Goals 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/- Learn more about USCF: https://www.uscfinvestments.com/- Learn more about Lithium Royalty Corp: https://www.lithiumroyaltycorp.com/ Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not b

In this Rock Stock Recap, we break down what retail investors need to know across lithium, copper, and broader commodities as of September 26. We discuss why lithium equities rallied despite "lower-for-longer" price calls, how China's evolving policies on strategic minerals (and growing recycled supply) may limit oversupply, and what shrinking market surpluses could mean for pricing once inventories normalize. We also cover the knock-on effects from Freeport's Grasberg disruption on copper balances, and practical ways to gain exposure via commodity ETFs versus single-name miners. We examine energy storage as a structural demand driver - highlighting rapid unit-size and cost shifts (e.g., large-format ESS builds and BYD leaks), the importance of BMS and safety regulations, and scenarios for 2030 storage demand and lithium requirements (LCE). We compare the U.S. and China policy backdrop, note Argentina's improving signals for lithium names, and discuss why passive under-allocation to commodities and rising global liquidity (M2) can fuel fund flows into hard assets. Key topics we cover: - Lithium: sector rally, Lithium Americas sentiment, Goldman Sachs supply/demand vs price path, inventory overhangs, recycling growth, China's supply curbs.- Copper: Grasberg outage, inventories, smelting capacity, tariffs/flows, and using CPER/COPX versus producer risk.- ESS & Renewables: AI-driven power needs, solar-plus-storage momentum, unit scaling, safety/BMS/regulatory catch-up, 2030 LCE implications.- Macro & Flows: passive underweight to commodities, U.S. retail dynamics, site-visit takeaways, Argentina tailwinds, liquidity and hard-asset rotation. Tickers mentioned: LAC, LTHM, SQM, ALB, SGML, TMC, USCF (commodities ETFs), CPER, COPX, FCX, BYD, CATL, Anglo, IVN, INR, SLI, ASN. Commodities & themes: lithium, copper, uranium, rare earths, ESS, AI power demand, China policy, Argentina lithium, recycling, inventories, cost curves, tariffs. 🔔 If you found this content valuable, don't forget to subscribe, like and comment! 📖 Chapters(00:00) Intro(05:53) Goldman Lithium View(08:01) Prices, Inventories, Risks(11:23) Demand, Cost Curve(12:18) China Oversupply Controls(14:43) Copper Shock: Grasberg(19:36) Copper: ETFs vs Miners(21:58) Secular Commodities Case(25:44) U.S. Flows & Site Visits(28:24) MinRes, Steel/Iron Ore Check(31:16) AI Power: Solar + Storage(34:28) ESS Demand, Safety, Rules(38:58) US-China & Transition(43:26) Liquidity & Hard Assets(46:15) Closing Remarks 🌍 Links - Read Matt's research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/- Learn more about USCF: https://www.uscfinvestments.com/- Learn more about Lithium Royalty Corp: https://www.lithiumroyaltycorp.com/ Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity's website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

Lithium Americas: Could This Be Their "MP Materials Moment"? Howard and Matt break down the latest news on Lithium Americas (LAC), which is up over 100% on speculation that the U.S. government (DOE Loan) may take an equity stake in its Thacker Pass project. We explore what a potential public-private partnership could mean for lithium prices, investor sentiment, and valuations across the U.S. lithium sector — including names like Ioneer (ASX: INR) and Anson Resources (ASX: ASN). We also dive into Matt’s latest RK Equity blogs, covering two key topics for investors: 🔹 Aluminum Market Outlook:Matt explains why aluminum may have already turned the corner structurally, despite 20 years of underperformance. We discuss how China’s production cap could reshape supply dynamics, how solar, EVs, and grid buildouts are driving secular demand, and why aluminum inventories are critically low. Matt shares ideas on ways retail investors might gain exposure — from producers like Alcoa (AA) and Norsk Hydro (NHYDY) to upstream bauxite plays and ETFs like USCF’s Sustainable Battery Metals Fund (ZSB). 🔹 China Policy Shifts:We unpack recent legislative and regulatory changes in China, including the Mineral Resources Law and new competition rules, and what they mean for critical minerals like lithium and rare earths. These moves could tighten global supply and support higher prices — a key theme for investors focused on EV supply chains and energy transition commodities. 🔔 If you found this content valuable, don't forget to subscribe, like and comment! 📖 Chapters(00:00) Introduction(00:50) Lithium Americas & DOE Loan(02:29) Aluminum Market Outlook(03:36) China's Aluminum Supply Shift(05:26) Production Caps & Supply Crunch(06:42) Aluminum Demand From EVs & Solar(07:18) Aluminum vs. Copper Price Forecast(08:10) Top Aluminum Stock Ideas(09:58) USCF ZSB ETF for Aluminum Exposure(11:23) China Policy & Critical Minerals(14:38) Rare Earth Quotas & Price Impact(16:30) Closing Remarks 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/- Learn more about USCF: https://www.uscfinvestments.com/ Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we sit down with John Love, CEO of USCF Investments, the newest sponsor of Rock Stock Channel, to explore how investors can use commodity ETFs to diversify their portfolios and gain direct exposure to key market trends. USCF is best known for the United States Oil Fund (USO) but also offers funds focused on copper (CPER), sustainable battery metals (ZSB), gold with income (USG), and broad commodities (SDCI). John walks us through the history of USCF, its role as a pioneer in the commodity ETF space, and how it differentiates itself through innovation and a focus on futures-based strategies. We discuss why investors might prefer commodity exposure over equity proxies, the benefits of diversification, and how USCF’s systematic approach helps simplify futures investing for everyday investors. We cover four funds we believe retail investors should have on their radar:- CPER (United States Copper Index Fund) – for direct exposure to copper prices- USG (Gold Income Fund) – gold plus an options overlay for potential income- ZSB (Sustainable Battery Metals Strategy Fund) – targeting the metals powering electrification- SDCI (Broad Commodity Fund) – a rules-based, diversified commodity index strategy We also talk about current investor sentiment, the role of commodities in portfolio construction, and whether we may be entering a new commodity supercycle driven by electrification, AI infrastructure, and global demand growth. Learn more about USCF:- Website: https://www.uscfinvestments.com/- X (Twitter): https://x.com/uscfinvestments If you found this content valuable, don't forget to like, subscribe and comment! 📖 Chapters(00:00) Introduction(03:49) USCF Edge & Strategy(06:24) Why Commodity ETFs(08:38) CPER: Copper Exposure(12:57) USG: Gold + Income(15:22) ZSB: Battery Metals(19:45) SDCI: Broad Commodities(24:14) Backwardation vs. Contango(29:54) Sentiment & Flows(34:21) Closing Remarks Links 🌍 - Read Matt’s research blog: https://blog.rkequity.com/- Sign up for the Lithium-Ion Bull newsletter: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we broadcast from Rockefeller Center and dig into three areas retail investors are asking about: rare earths valuation, titanium & advanced manufacturing (IperionX: IPX), and lithium market volatility—with updates from The Metals Company (TMC) and Lithium Royalty Corp (LIRC). 🔍 What we cover: - Rare earths—how to value early-stage names: Matt explains why NdPr-equivalent (neodymium–praseodymium) is a better lens than Total REO, and how we compare companies using market cap per contained NdPr-equivalent rather than headline grades alone. - IperionX site visit takeaways: Scrap-to-titanium, additive manufacturing and fasteners opportunity; why execution risk is falling; and how a “Bessemer moment” for titanium could reset costs versus aluminum/stainless. - TMC regulatory progress: NOAA confirms application compliance and priority rights; we discuss timelines, executive-order context, and what “big needle-mover” funding could look like in the U.S. framework. - Battery chemistry mix: Where nickel chemistries sit versus LFP as autonomy and energy density needs rise; manganese’s role (LMR) and the potential to produce manganese sulfate from nodules. - Lithium market now: CATL lepidolite restart chatter, demand growth still tracking ~high-20s % y/y, Chinese capex decelerating, and why restarts and cost curves matter for price formation through 2026–27. - Direct Lithium Extraction (DLE): Asset-by-asset reality check—costs and capex can be higher than conventional routes; not automatically first-quartile on the cost curve. - Royalty model for retail investors: LIRC’s portfolio (e.g., Sigma Lithium) and why royalties can provide exposure to Argentine brines and production growth while reducing operating cost risk.Learn more about IperionX (IPX):- Website: https://iperionx.com/- X (Twitter): https://x.com/iperionxLearn more about The Metals Company (TMC):- Website: https://metals.co/- X (Twitter): https://x.com/themetalsco Learn more about Lithium Royalty Corp (LIRC):- Website: https://www.lithiumroyaltycorp.com/- X (Twitter): https://x.com/Lithium_Royalty If you found this content valuable, don't forget to like, subscribe and comment! 📖 Chapters(00:00) Introduction(03:15) Rare Earths: NdPr Valuation(08:20) IperionX: Scrap-to-Titanium(18:03) Heavy Rare Earth by-products(23:41) TMC: NOAA Compliance & Timeline(26:19) TMC: Priority Rights & Scale(27:47) Manganese & LMR Batteries(30:42) Industry Signals: Lockheed & Partners(33:01) Nickel vs LFP; Autonomy(35:55) U.S. Funding Paths & Structure(43:05) Lithium Royalty Corp Overview(45:09) Exposure to Argentine Brines(46:53) Volatility: CATL, Demand, China CapEx(50:56) DLE: Costs, CapEx, Fit(56:18) Restarts & Cost Curve(58:56) Price Recovery Outlook 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/- Sign up for the Lithium Ion Bull newsletter: https://rkequity.com/ Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

We are redistributing over latest discussion on X Spaces as a Rock Stock Channel episode, sharing where we think we are in the lithium & rare earths cycle, what’s changed, and how we’re positioning as RK Equity for a potential “risk-on” turn in mining equities. In this conversation, Howard, Matt and Rodney (with guests including YJ Lee, Chris Berry, Tom Woolrych, Jody Dahrouge, Christopher Williams and others) walk through what matters now for retail investors across lithium, rare earths and broader critical minerals. What we cover: - Macro & sentiment: Why risk appetite is re-emerging across gold, uranium, Bitcoin and critical minerals—and how policy (IRA, infrastructure/CHIPS, deregulation/reshoring) may shape capital flows and listings.- Lithium demand vs. supply: Normalized inventories, China supply-cut narratives, and why demand (EVs + grid-scale storage) is the swing factor. We discuss falling battery costs, global price competition, and EV penetration beyond China into emerging markets.- BESS is breaking out: How grid batteries could be the “next trillion-dollar business” and what multi-year storage growth implies for LCE demand.- Processing drives cost curves: A clear explainer on DMS vs. flotation for hard-rock—capex/opex, grind size, recoveries, and real-world lessons (e.g., Sigma’s DMS-only, whole-of-mine float cases). Jurisdictional deep-dives: - Quebec/Ontario hard-rock: Permitting realities, low-cost hydro power, conversion “missing middle,” and why project geometry (thickness, dip, heterogeneity) matters.- Brazil: Low-cost power, DMS suitability, and why the country has the raw materials stack to host more of the battery supply chain.- Conventional brines (Argentina/Chile): Why high-grade salar projects can be through-cycle low-cost—and why the market may be mispricing them relative to hard-rock.- DLE—promise vs. timeline: Where it fits (including boosting recovery on conventional brines), technical pitfalls (feed variability, oilfield impurities), and realistic scale-up expectations.- Rare earths primer: MP Materials’ U.S. push, magnet REEs (NdPr, Dy, Tb), ionic clay vs. hard-rock deposits, purity challenges, and the role of defense vs. broader tech/e-mobility demand. Companies & themes mentioned (not recommendations) MP Materials (NYSE: MP), Lynas Rare Earths (ASX: LYC), Sigma Lithium (NASDAQ/TSX-V: SGML), Pilbara Minerals (ASX: PLS), Core Lithium (ASX: CXO), Patriot Battery Metals (TSX: PMET | ASX: PMT), Winsome (ASX: WR1), Frontier Lithium (TSX-V: FL), Galan Lithium (ASX: GLN), Lithium Argentina (NYSE: LAR), NOA Lithium (TSX-V: NOAL), Wildcat (ASX: WC8), Lithium Ionic (TSX-V: LTH), Atlas Lithium (NASDAQ: ATLX), Talon Metals (TSX: TLO), Rio Tinto (NYSE: RIO), BYD, CATL—plus topics like SPACs, EV truck adoption, and restocking into year-end. Why it matters for retail investors: - Cost & flow-sheet choices (DMS vs. flotation) can make or break project economics.- BESS + EVs expand the addressable market faster than many models assume.- Jurisdictional power costs & permitting (e.g., Québec hydro) directly impact margin.- Conventional brines may offer mispriced, through-cycle optionality.- Rare earths remain strategically important—focus on magnet REEs and realistic ramp timelines. Stay connected: - Follow on X:    Rock Stock Channel: https://x.com/rkequityrocks    Howard: https://x.com/LithiumIonBull    Rodney: https://x.com/RodneyHooper13    Matt: https://x.com/matt_fernley- Read Matt’s research blog: https://blog.rkequity.com/- Sign up for our Lithium-ion Bull newsletter at https://rkequity.com/- Subscribe on YouTube / Spotify / Apple Podcasts for Rock Stock Channel updates. 📖 Chapters(00:00:00) Market Backdrop(00:10:00) Lithium Inventories & China Restocking(00:15:00) EV Price War, BYD Exports & BESS Surge(00:19:00) Rare Earths Reset: MP Deal & Demand(00:32:00) Ionic Clay REEs: Brazil/Africa(00:52:20) Quebec Hard Rock: Q2 Metals, Patriot(01:08:20) Quebec Edge: Permi

Lithium Market Reset? August Scoreboard, Price Drivers & Developers To Watch (with Howard, Rodney & Matt) After a bullish summer for mining equities, we break down the August 31 lithium scoreboard, the bounce in chemical producers and spodumene names, and what really matters next for lithium prices. We cover inventories in China, the impact of CapEx cuts, and why low-cost producers and DMS-only developers may be the best risk/reward right now. This episode also features a catchup interview with Q2 Metals' (TSXV: QTWO) CEO, Alicia Milne, and VP Exploration, Neil McCallum following their September 4th press release on the Cisco Lithium Project in Quebec, Canada. Topics include: Q2’s C$26M financing, increased drill activity with multiple rigs, upcoming assay results, infill drilling strategy, and the roadmap toward their first mineral resource estimate (targeted Q1 2026). Neil details the latest metallurgical testing (HLS/DMS), recovery rates, and next steps in bulk sampling, while Alicia outlines marketing and investor outreach plans across Hong Kong, Korea, Japan, New York, London, and Zurich. What You’ll Learn:- Market Check: Why the rally looks more like a technical correction than a new supercycle—so far.- Price Drivers: Why falling inventories (days of supply in China) matter more than headlines.- Strategy: Focus on low-cost brine & hard-rock producers and DMS-only developers (lower CapEx/opex).- CapEx Crunch: How investment slowdowns set up supply tightness 2–4 years out.- Energy Storage Boom: Solar + BESS economics improving fast; tech leaps from 2 MWh to 5–9 MWh containers.- Due Diligence: Watch cash flow vs. reported costs—reporting standards vary widely in lithium mining.- Q2 Metals Deep Dive: Financing, drill program ramp-up, Cisco exploration update, metallurgical test results, and global investor roadshow plans. Companies & Themes Mentioned:Producers/Developers: Lithium Argentina, Sigma Lithium, Atlantic Lithium, Q2 Metals, Lithium Ionic, Atlas Lithium, Core Lithium, Sayona–Piedmont (NAL), Vulcan, Standard Lithium, POSCO.Topics: DMS vs. flotation, DLE brine, spodumene, inventories in China, incentive prices, CapEx cuts, EV batteries, BESS, solar + storage, rare earths (MP Materials, Lynas). 👍 If you value independent lithium analysis, hit Like, subscribe, and turn on notifications.💬 Tell us which developer you think is most undervalued—and why. 📖 Chapters(00:00) Introduction(03:18) Bottom Call & Scoreboard(04:26) YTD Leaders & Equity Signals(05:10) Strategy: Low-Cost Producers & DMS(07:40) Price Outlook: Inventories & Incentives(09:38) Capex Cuts & 2-4 Year Setup(11:06) Solar Boom & Storage Demand(14:45) Mining Margins & Reporting(16:37) Scoreboard Segments, Raises & M&A(20:38) Vetting Developers & Key Names(24:31) Quebec: Sayona-Piedmont & NAL(27:11) Q2 Metals(30:16) Assay Results and Exploration Strategy(33:25) Winter Drill Program and Resource Estimate Goals(34:35) Assays Beyond Lithium(35:39) Metallurgical Testing and Results(37:41) Next Steps in Metallurgy and Bulk Sampling(41:57) Exploration Focus and Upcoming News Flow(43:31) Permitting, Camp Development, and Operations Update(44:14) Marketing and Global Investor Outreach(45:30) MRE Timeline(45:46) Closing Remarks 🌍 Links - Read Matt’s research blog: https://blog.rkequity.com/- Sign up for the Lithium Ion Bull newsletter: https://rkequity.com/- Catch our 2.5-hour Spaces replay with 1,500+ listeners: https://x.com/i/spaces/1kvJpMDgAyLxE - For Q2 Metals research coverage (Canaccord, Argonaut), email: rockstockchannel@rkequity.com- Q2 Metals Website: https://www.q2metals.com/- Follow Q2 Metals on X: https://x.com/Q2Metals | LinkedIn: https://ca.linkedin.com/company/q2-metals-corp Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitte

Howard and Rodney return with another Rock Stock Channel update, speaking with Lithium Universe (ASX: LU7) Chairman Iggy Tan. In this interview, we cover the company’s evolving strategy as it balances long-term lithium ambitions with a new entry into solar panel recycling and silver recovery. Lithium Universe began with the goal of building a lithium carbonate refinery in Bécancour, Quebec, supported by a completed DFS. While awaiting a lithium market recovery, the company has diversified through the acquisition of global rights to a PV cell recycling technology developed at Macquarie University. This innovation could unlock value by separating solar panel materials efficiently and recovering silver at scale. Key topics discussed:- Lithium Universe’s counter-cyclical approach to lithium refining in Canada- Why margins in lithium conversion remain robust despite market volatility- The scale of end-of-life solar panel waste and silver recovery potential- Details of Macquarie University’s microwave and electrochemical recycling process- Outlook for silver demand, supply deficits, and pricing trends- Upcoming milestones: pilot work, potential partnerships, and grant applications- Broader lithium supply-demand dynamics in North America, Europe, and China With a market cap of ~A$16 million and a share price up nearly 3x from its June placement, Lithium Universe offers investors exposure to both critical battery metals and emerging recycling opportunities. 📖 Chapters(00:00) Introduction(01:48) Iggy Tan's Lithium Background(02:59) Lithium Universe Strategy and Refinery Plans(05:13) Economics of Lithium Conversion Outside China(07:30) Global Push for Renewable Energy and PV Adoption(09:03) Solar Panel Waste and Recycling Opportunities(10:57) Macquarie University Recycling Technology(16:05) Commercialization and Global Expansion Plans(16:57) Next Steps: Pilot Plant and Partnerships(17:43) Milestones for Investors (6-12 Months)(19:40) Lithium Market Dynamics: Supply, Demand, and Recovery(23:23) Closing Remarks 🌍 LinksLU7 Website: https://www.lithiumuniverse.com/Follow on X: https://x.com/lithiumuniverse | https://x.com/TanIggy RK Equity Website: https://rkequity.com/Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In August 2025's Recharge podcast, co-presenters Matt Fernley (Battery Materials Review) and Cormac O'Laoire (Electrios Energy) discuss some of the recent key talking points in the battery industry, including: - The China lithium shutdowns, their impact on the industry and outlook- Development on US tariffs and anti-dumping duties in the battery supply chain, with a particular focus on graphite and anode materials- The MP Materials/DoD deal and potential impacts on the battery chain- What do price floors mean for materials markets and projects?- EV sales update and discussion- Discussion on commercial vehicle sales CHAPTERS 📖(00:00) Introduction(02:01) Lithium Prices and Chinese Regulations(06:55) Impact on Supply and China's Strategy Shift(12:33) US Tariffs on Graphite and Anode Materials(18:00) Graphite Industry Outlook & Silicon Anodes(23:53) US Defense, Rare Earths, and Price Floors(36:50) Global EV Market Trends & BYD Expansion(42:58) Commercial EV Growth and Battery Swapping _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, I attended The Metals Company Strategy Day to gain a first-hand look at the company’s progress, leadership, and investor perspectives. Over the course of the event, I heard from a diverse group of board members, early backers, and strategic advisors—many of whom have deep backgrounds in energy transition, large-scale infrastructure, and venture capital. Their insights underscored why TMC is pursuing a unique opportunity in deep-sea polymetallic nodule collection and processing, and how the company is positioning itself as a pioneer in a new resource industry. Management and board members discussed the long-term need for critical minerals, the regulatory path ahead, and the steps taken to de-risk the project both offshore and onshore. Several speakers noted that TMC has moved from capital-heavy to capital-light strategies, with partnerships, careful cost management, and targeted debt financing helping to weather challenging market conditions. Importantly, the company recently announced a $23.6 billion net present value across its Nori-D and U.S. seabed mining areas—marking a major milestone in its journey toward production. Throughout the day, it was clear that retail investors remain a vital part of TMC’s shareholder base. Many attendees have been supporting the company for years, through both market highs and lows, and their conviction was evident. The management team made a point of recognizing this group’s role in spreading awareness, countering misconceptions, and keeping the conversation active in investor communities. If you’re a retail investor following the critical minerals space—or simply interested in how an emerging industry can reshape global supply chains—this Strategy Day offered valuable insight into both the opportunities and the challenges ahead for The Metals Company. If you found this discussion valuable, please subscribe, like, and comment. CHAPTERS 📖(00:00) Introduction(01:56) Board of Directors(16:13) OG Investors(29:02) Retail Investors Award Ceremony(31:16) Brian Paes-Braga(33:22) Andrei Karkar(41:23) Gerard Barron(43:47) Nasdaq _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, we interview Koby Kushner, CEO of Libra Energy Materials (CSE: LIBR), a new lithium exploration company focused on hard rock projects in Canada. We cover the company’s lean growth strategy, key lithium assets in Ontario and Quebec, the $33M earn-in deal with KoBold Metals, and its approach to M&A in today’s buyer’s market. Topics include: - Low-cost, high-impact exploration methods- Insider ownership and shareholder alignment- Infrastructure advantages for bulk lithium production- Criteria for funding and building lithium projects in Canada- Expansion opportunities beyond Canada- Upcoming exploration results and acquisition plans A must-watch for retail investors following lithium stocks, Canadian mining, and the battery materials sector. CHAPTERS 📖(00:00) Introduction(02:02) Koby's Background(04:16) Lean Business Strategy for Surviving Market Downturns(09:02) Insider Ownership and Major Stakeholders(10:43) Focus Beyond Lithium and Critical Metals Potential(12:06) $33M Earn-In Deal with KoBold Metals(14:57) Key Neighbors and Competitive Landscape(16:08) Overview of Other Owned Projects(18:59) Infrastructure Advantages for Hard Rock Lithium(21:08) Criteria for Successful Lithium Projects in Canada(23:06) Acquisition vs. Greenfield Exploration Strategy(24:57) Expansion Beyond Canada(25:47) Maintaining a Clean Share Structure(27:47) Upcoming Milestones and Investor Updates _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein

In this episode, Rodney and I sit down with Craig Shesky, CFO of The Metals Company (TMC), to unpack the key takeaways from TMC’s recent Nasdaq Strategy Day, the release of its first-ever nodule reserves, and the detailed Pre-Feasibility Study (PFS). Howard opens with a recap of the event’s unique mix of investor engagement, global shareholder turnout, and industry partnerships, while Rodney leads Craig through the numbers, timelines, and business strategy. Craig outlines the PFS results, including an 18-year mine life, $5.5 billion NPV, low C1 cash costs for nickel due to strong byproduct credits, and the plan for capital-light development using existing assets. The discussion covers the expected Q4 2027 production start date, the role of key partners like Allseas and Korea Zinc, and the roadmap for building U.S.-based refining capacity. We also examine commodity price sensitivities, how TMC’s position on the cost curve offers resilience in volatile markets, and the opportunities arising from global supply challenges—particularly in nickel. Craig provides insight into the Phase Two Initial Assessment for expanded resource areas, projecting significant additional NPV potential, and shares the latest on the commercial recovery permit process, including regulatory engagement at multiple levels of the U.S. government. Whether you’re a long-term TMC shareholder or following the critical minerals space for the first time, this conversation offers a clear, grounded look at the company’s strategy, economic outlook, and operational milestones ahead. If you found this discussion valuable, please subscribe, like, and comment. CHAPTERS 📖(00:00) Introduction(07:21) PFS Overview and First-Ever Nodule Reserves(10:24) Capital-Light Development Model and Partnerships(15:01) Commodity Price Sensitivity and Market Outlook(18:12) Timeline to First Commercial Production in 2027(21:00) Phase Two Expansion and Initial Assessment Highlights(25:06) Commercial Recovery Permit Application Update(26:14) Closing Remarks _________________________________________________ Links 🌍 RK Equity Website: https://rkequity.com/Patreon: https://www.patreon.com/rockstockchannelPodcast:  Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172  Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINqX (Twitter):  Howard: https://x.com/LithiumIonBull  Rodney: https://x.com/RodneyHooper13  Matt: https://x.com/matt_fernley _________________________________________________ DISCLAIMER NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com Intro and outro audio credit: Jamie Klein