The M&E Dispatch // 054

From Coal Mines to Trade Wars, uncertainty Still Rules the Game

From Coal Mines to Trade Wars, uncertainty Still Rules the Game ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

March 18, 2025 | Read Online

The M&E Dispatch // 054

From Coal Mines to Trade Wars, uncertainty Still Rules the Game

{{OPEN_TRACKING_PIXEL}}

Hello Everyone,

It’s been a ride this week at the U15 Championship in Nanaimo. We took a hit in our first game but rallied back through the next two, landing ourselves a spot in the semi-finals this morning. We hit the ice at 11 AM PST, so this one newsletter is a quick one, gotta grab some breakfast here.

I love these early morning hotel lobby chats and I’m forever grateful for the journey that my son’s love for hockey has taken me around the country on. This morning in the lobby one of the coaches from another team was posted up early, just like me, waiting for the schedule to drop. I noticed his hat—turns out, they’re in steel fabrication. And as all great Canadian chats do these days, it veered straight into “What the heck is he doing today?!”.

Last year this a chat that started this way would have been about a standout player, or a ref, or crazy coach… but now, the “he” is none other than the one-man market mover himself: Donald Trump.

Steel guys are watching the tariff situation like a stock ticker, and what struck me was the growing gap in how jobs are being quoted.

Clients want fixed prices and enough time to think it over.
Fabricators want materials + time quotes with a short window of validity.

More and more, they're hearing:

"We’re going to hold off until we know more about these tariffs."

He’s confident that once we get a handle on how exactly these tariffs will affect the market and we move to a stable-ish trade agreement working document we’ll see a backlog of jobs being ordered, and fast! Everyone will be in a race to get their contract signed and deposit paid before the prices can change.

USA_IS_THE_BEST_-_CANADA_MUST_PAY_FINAL_Final_Final_1.doc

- Trump’s working document I’m sure…

Funny enough, there’s a certain irony in having this conversation in Nanaimo—a town quite literally built on the boom-and-bust cycles of resource pricing. Coal mining put this place on the map, and back in the 1800s, deals were made, broken, and rewritten based on forces way beyond a miner’s control. Fast forward to today, and the materials may have changed, but the uncertainty remains.

One social media post, one policy shift, and an entire industry is left guessing. If this is something you’re seeing (or feeling), hit reply—I’d love to hear about it.

// The Dirt

Homerun Resources Expands Retail Investor Outreach
Homerun Resources has engaged Blossom Social, a leading social investment platform in Canada, to boost its visibility among retail investors.
Read more

Commerce Resources Announces Leadership Change
Commerce Resources has announced the departure of its President & CEO, Ross Carroll, with Jeremy stepping in as the interim executive.
Read more

Thunder Gold Engages Market-Making Firm
Thunder Gold has signed a deal with Independent Trading Group to provide market-making services and enhance stock liquidity.
Read more

Northisle Appoints New VP of Exploration
Dr. Pablo Mejia Herrera has joined Northisle Copper and Gold as Vice President of Exploration, bringing expertise in AI-driven mineral discoveries.
Read more

SKRR Exploration Adds Industry Veteran to Board
SKRR Exploration welcomes Ross McElroy as a special advisor, a decorated mining industry professional with over 38 years of experience.
Read more

Magna Mining Transitions to Copper Production
Magna Mining is now officially a copper producer and is planning expansions at McCreedy West and the restart of Levack operations.
Read more

CanAlaska Reports High-Grade Uranium Assays
Recent drilling at the Pike Zone confirms additional high-grade uranium intersections, including 17m at 10.81% U3O8.
Read more

Bold Ventures Releases Updated Corporate Presentation
Bold Ventures has updated its corporate presentation, outlining future plans and key projects in Ontario and Québec.
Read more

Apollo Silver Expands Investor Relations Efforts
Apollo Silver has engaged Danayi Capital to enhance investor relations and digital marketing initiatives.
Read more

Anfield Energy Secures $6M Loan Financing
Anfield Energy has completed a US$6 million loan extension with Extract Advisors, boosting its financial flexibility.
Read more

Star Copper Announces Spin-Out of Okeover Project
Star Copper has executed an arrangement agreement to spin out its Okeover Project into a new entity under Alpha Copper Corp.
Read more

// The Hustle

Verde Agritech Seeks Investor Relations Analyst

[Promoted] Verde Agritech is hiring an Investor Relations Analyst for a home office position, offering an opportunity to engage with stakeholders and financial markets.

verde.ag/nossas-vagas/analista-ri

Phew, made it in time. Now, off to the rink.
Go Bucks! Go!

- Lee

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