u/Firm-Bottle2064

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A lot of junior copper projects look interesting right up until you realize the entire story depends on one isolated anomaly.

That is why the latest Wilmac update feels different to me.

NovaRed now has:

copper-in-soil anomalism

magnetic support

chargeability anomalies

deeper conductivity features

interpreted intrusive centres

upward pipe-like structures

And all of it is starting to line up across the same broader Lamont trend.

The newest piece is the historical 3DIP/AMT interpretation from the Lamont Grid. According to NovaRed, the model outlines two interpreted intrusive centres beneath the project, both showing upward-extending pipe-like features, with the intrusive bodies appearing to merge together at depth into a larger composite intrusive complex.

That geometry matters a lot in porphyry exploration because large copper-gold systems are often built around intrusive feeder centres pushing mineralized fluids upward through structural corridors over multiple intrusive phases.

Exploration teams spend years trying to identify those relationships before drilling blind deep targets.

The geophysics also becomes more meaningful once combined with the newer North Lamont soil results.

NovaRed previously reported:

a 43-sample four-acid soil program

a western cluster averaging roughly 209 ppm copper

nine samples above 150 ppm Cu

highs up to 379 ppm Cu

Now the broader Lamont trend is showing copper-in-soil values up to 1,125 ppm Cu spatially associated with near-surface chargeability and deeper conductivity anomalies from the IP/AMT work.

That starts moving the project away from isolated surface anomalism and toward a more integrated porphyry exploration model.

The Copper Mountain comparison also becomes more reasonable now.

Historical work around Copper Mountain reportedly showed copper-in-soil anomalies up to roughly 1,600 ppm Cu near the Whip Group area. NovaRed's Lamont trend now reaching 1,125 ppm Cu obviously does not make the projects equivalent:

different geology

different sampling methods

different overburden

different analytical workflows

But it closes the gap significantly compared to when people only focused on the earlier 379 ppm number.

Wilmac itself is also large enough that this is no longer a one-target story:

around 16,078 hectares

roughly 160 square kilometers

around 39.7k acres

roughly 30k football fields

about 2.7x Manhattan

And unlike many junior exploration stories, the project sits inside BC's Quesnel belt roughly 10 km west of Hudbay's producing Copper Mountain Mine.

The next phase is now pretty straightforward:

North Lamont and West Lamont move into the 2026 target-prioritization program using the integrated geochemistry and geophysics model.

Still very early-stage obviously. No drilling success yet. No resource.

But this is probably the strongest technical framework Wilmac has had so far because the datasets are finally starting to reinforce each other instead of existing as separate exploration headlines.

NFA

One thing that gets overlooked constantly in junior mining is how much infrastructure changes the risk profile of a project.

People focus on assays and drill targets, but eventually every copper project needs roads, power, industrial suppliers, workforce access and nearby mining services. A deposit in the middle of nowhere is a very different story from a project sitting inside an established mining district.

That is part of why I keep coming back to NRED.

NovaRed Mining's Wilmac Copper-Gold Project sits in British Columbia's Quesnel porphyry belt, roughly 6 miles west of Hudbay's Copper Mountain Mine. That matters because Copper Mountain already proves the district can support large-scale copper operations.

Wilmac itself is also much larger than most people realize. The project now covers around 39,700 acres, or roughly 30,000 football fields. That gives NovaRed room to work multiple targets across the property instead of relying on a single showing.

The industrial side is interesting too. Copper markets have spent months talking about sulfuric-acid shortages and supply-chain bottlenecks affecting parts of global copper production. BC and Western Canada already have established industrial chemical infrastructure through suppliers like Chemtrade, Univar, Brenntag and NorFalco/Glencore. Chemtrade alone operates sulfuric-acid facilities in Prince George.

That does not mean Wilmac will eventually use acid-leach processing. Nobody knows that yet. Metallurgy still has to be proven through future technical work.

But regional industrial depth still matters because mining projects become much easier to advance when suppliers, services and infrastructure already exist nearby.

The recent North Lamont update added another layer to the technical story. NovaRed reported copper-in-soil values up to 379 ppm from a 43-sample program using four-acid digestion, with anomalies overlapping magnetic features and porphyry fertility indicators. The next major step is the IP/AMT survey already approved for the 2026 program.

The Gregory Fedun appointment also fits where the company seems to be heading. He brings more than 30 years of project-development and capital-markets experience tied to resource projects across multiple continents, including advisory work involving Anadarko and the Al Mualla Royal Family in the UAE.

Then there is MetalCore. Most juniors are still handling geological targeting with fragmented datasets and old workflows. NovaRed built a public-facing AI mineral prospectivity platform that can screen land and geological data through layered analysis. Large district-scale projects generate huge amounts of information over time, so tools that improve target ranking become more valuable as exploration expands.

Copper near record highs obviously helps the entire sector. But projects sitting beside existing mines, inside established districts, with infrastructure and technical momentum already in place usually get looked at differently once the market starts focusing harder on future copper supply.

NFA

Oil has moved above 120 dollars per barrel, with Brent trading around 123 to 126 per Reuters on April 30 2026 due to Iran conflict risk and supply disruption concerns. This is creating a broader energy stress environment that is starting to spill into downstream logistics names like NXXT.

NextNRG (NXXT) reported FY2025 revenue of about 81.8M, up roughly 195 percent year over year per last earnings update, but still posted a net loss of about 88M. Cash position sits extremely tight at around 0.65M with debt near 27M, meaning the company is still dependent on financing rather than internally generated cash flow.

From a trading perspective, the setup here is less about fundamentals and more about macro beta. Oil spikes tend to increase short term demand for fuel logistics, delivery efficiency, and alternative supply channels. That is the narrative tailwind NXXT is currently sitting inside.

The risk side is still clear. Revenue growth is strong but uneven, and dilution risk remains high given the weak cash position. This is why moves tend to be sharp and sentiment driven rather than steady trend growth.

Revenue ~81.8M, but negative earnings profile remains

Cash ~0.65M vs debt ~27M creates financing pressure

Stock down roughly 85 percent over the past year per market data

In this kind of macro environment, do you think NXXT is more of a short term oil beta trade or an early stage infrastructure turnaround story?

Not financial advice

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