Author: Gold News Club

DoubleLine’s Gundlach cuts gold exposure to 10%, urges investors to rebalance after ‘nosebleed’ rally  CNBC

Gold pares gains after Fed Powell’s comments despite rate cut  Reuters

Trump gets gold crown from South Korea  CNN

Gold ticks up on dollar retreat; Trump-Xi meeting in focus  Reuters

Current price of gold as of October 28, 2025  Fortune

Source: Streetwise Reports 10/28/2025

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) continued to deliver strong drill results at its Surebet Discovery, with multiple high-grade gold intercepts reported in September. Analysts described the project as a standout discovery, with visible gold to the naked eye (VG-NE) in over 90% of holes drilled to date and potential for significant re-rating.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) reported multiple high-grade gold assay results from its 2025 drill campaign at the Surebet Discovery, part of the 100%-owned Golddigger Property in British Columbia’s Golden Triangle. The release included new intersections from the Bonanza and Surebet Zones, reinforcing mineral continuity and the widespread presence of VG-NE across the 1.8 km² target area.

Drill hole GD-25-372 intersected 10.72 grams per ton (g/t) gold (Au) over 7.83 meters, including a higher-grade interval of 20.37 g/t Au over 4.10 meters. Additional highlights include GD-25-373 with 6.30 g/t Au over 7.50 meters, GD-25-324 with 6.11 g/t Au over 7.65 meters, and GD-25-370 with 2.20 g/t Au over 22.00 meters, including subintervals up to 4.63 g/t Au over 4.99 meters. All intercepts are approximately true width and reflect gold-only results, with silver and base metals assays pending that could potentially show a higher AuEq result.

According to the company, assays remain outstanding for 84 holes, 66 of which contain VG-NE. This year’s 64,364-meter campaign was fully funded and completed with nine drill rigs. Drilling focused on expanding the Surebet system laterally and at depth, testing three distinct mineralized rock packages and multiple gold-bearing domains, including quartz-sulphide stockworks, Reduced Intrusive Related Gold (RIRG) Eocene-aged dykes, and calc-silicate altered breccias.

Dr. Quinton Hennigh, Technical Advisor to Crescat Capital and Goliath, stated that the reported intercepts “bode well for potential bulk underground mining” and commended the company’s execution in building “more continuity in key quartz-sulfide lodes.” CEO Roger Rosmus added that the company has submitted all samples for assay and noted that “every season since the discovery, this grassroots project has continued to expand.”

All drill holes completed to date at Surebet have intersected significant quartz-sulphide mineralization, with VG-NE present in 76% of holes drilled in 2025 and 92% of holes overall across all 386 drill holes from 2021 – 2025. A prior highlight from GD-24-260 reported 34.52 g/t Au over 39 meters, including subintervals over 130 g/t Au, reinforcing the high-grade nature of the system.

Central Banks Anchor Gold’s Historic October Surge

Gold’s record-breaking rally in October reflected a convergence of global uncertainty, shifting monetary policy, and renewed confidence in tangible assets. In an October 10 commentary, Anthony Keane highlighted gold’s 123% gain over the previous two years, outpacing most asset classes. The performance was linked to declining interest rates, geopolitical instability, and increased demand for finite resources. Kyle Rodda of Capital.com noted that “the supply of money grows at a much faster pace than we can pull gold out of the ground,” while Tony Catt of Catapult Wealth emphasized persistent official sector accumulation, calling gold “an asset class where there is a lot of central bank buying.”

UBS described overall sentiment as broadly optimistic, stating that it was “hard to find anyone who isn’t a gold bull.” However, historical data from Dimensional Fund Advisors showed gold posted positive calendar-year returns in just over half of the years since 1980, a reminder of the sector’s inherent volatility.

On October 22, Ron Wortel of Zacks Small-Cap Research reaffirmed a positive outlook on Goliath Resources following updated results from the Surebet Discovery in British Columbia’s Golden Triangle.

By October 21, Business Today reported a slight pullback, with gold futures declining 0.24% to US$4,349.24 per ounce and silver down 1.72% to US$50.50.

The dip followed easing geopolitical tensions ahead of a planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Analyst Michael Maloney framed the retreat as a pause in a longer-term trend, pointing to ongoing currency debasement and mounting debt as persistent structural risks. He described gold and silver as “monetary anchors in a world adrift.”

Seasonal buying also supported sentiment. Demand associated with Diwali in India provided additional strength heading into the final quarter, reinforcing gold’s role as both a cultural and financial store of value.

On October 27, 2025, VON GREYERZ released a YouTube video titled The 3 Foundations of Secure Gold Ownership | Gold Sessions with Jonny Haycock, in which partner Matt Piepenburg emphasized the importance of storing physical gold outside the banking system, in private vaults, and in politically stable jurisdictions such as Switzerland and Singapore. He warned that holding gold within banks — especially in the EU — could expose investors to legal frameworks like the Bank Recovery and Resolution Directive, which allows for depositor assets to be used in bail-ins during a crisis. The discussion also highlighted broader themes of financial repression, capital controls, and the growing value of physical precious metals in a digitizing financial system.

Struthers and Lin Highlight Strong Grades and Growth Potential at Surebet

On September 9, Ron Struthers of Struthers Resource Stock Report maintained a “Hold, Buy” outlook on Goliath Resources following consistent high-grade drill results at the Surebet Zone. He pointed to hole GD-25-355, which returned 12.92 grams per tonne (g/t) gold over 5.20 meters within a broader intercept of 72 g/t over 12.20 meters, and hole GD-25-313, which intersected 10.68 g/t over 3.40 meters within 7.5 meters averaging 88 g/t. Struthers noted that 100% of completed holes had intersected quartz-sulfide mineralization, with 90% containing visible gold. He referred to the project as “a nice high-grade deposit” and suggested that a market re-rating could value such ounces at US$200 to US$300 per ounce in the ground.

On September 25, Chen Lin of the What’s Chen Buying? What’s Chen Selling? newsletter added, “Goliath Resources Ltd. continues to hit. . .[Surebet] will be one of the biggest, high-grade discoveries this decade.”

On October 22, Ron Wortel of Zacks Small-Cap Research reaffirmed a positive outlook on Goliath Resources following updated results from the Surebet Discovery in British Columbia’s Golden Triangle. Wortel described the project as “a top-tier high-grade gold system,” citing consistently strong drilling outcomes and a 100% quartz-sulphide intersection rate across the 2024–2025 programs. He noted visible gold was observed in 94% of 2024 holes and 76% in 2025, with standout intervals including 132.93 grams per tonne gold equivalent over 10 meters in the Bonanza Zone and 10.6 grams per tonne gold over 22.82 meters in the calc-silicate breccia. Metallurgical testing confirmed a 92.2% gold recovery rate, including 48.8% recoverable by gravity.

Wortel highlighted that Goliath had completed over 150,000 meters of drilling to date, including more than 64,000 meters in 2025 alone. A CA$26.3 million bought deal private placement led by Stifel Canada was seen as a vote of confidence, with proceeds allocated toward qualifying exploration expenditures at Golddigger-Surebet. Zacks assigned a new fair value estimate of US$4.90 per share, up US$0.86 from its previous target, representing a 159% premium to the market price at the time of writing. Wortel concluded that Goliath’s extensive land control, consistent high-grade results, and strong infrastructure access “support its transition from exploration to a high-conviction development candidate with M&A appeal.”

Deepening the Discovery: Three Rock Packages and a Causative Source

The 2025 drill campaign focused on advancing the geometry of the Surebet Discovery and targeting deeper mineralized systems linked to a potential magmatic source. Updated geologic modeling, supported by the Colorado School of Mines, confirmed a syngenetic relationship between the stacked gold-bearing veins and the mineralized Eocene-aged RIRG dykes, pointing to a shared intrusive origin.

Three distinct mineralization styles have been defined: gently dipping stacked quartz-sulfide veins, mineralized RIRG dykes, and calc-silicate altered breccias, all of which contain VG and remain open for expansion. Goliath’s geologic team, in collaboration with industry consultants and university partners, has integrated structural, petrological, and geochemical datasets into its 2025 targeting strategy.

The Surebet Discovery spans over 1.8 km² with more than 600 pierce points and 156,000 meters of drilling conducted since 2021. Mineralization is exposed along 2.1 kilometers of strike and 700 meters of vertical relief due to topographic advantages. Infrastructure access, including proximity to tidewater and a permitted mill site in Kitsault, strengthens logistical readiness. [OWNERSHIP_CHART-9595]

Metallurgical testing has shown gold recoveries of 92.2% using flotation and gravity methods at 327-micrometer crush, with 48.8% of the gold recovered through gravity alone without the use of cyanide. The broader Golddigger property now covers 91,518 hectares after a 28% land package increase, extending along 56 kilometers of the prospective Red Line structural trend.

Ownership and Share Structure¹

Management and insiders own 20% of its shares on a partially diluted basis. Strategic and institutional investors collectively own 32.5%, with notable holdings including Crescat Capital LLC at 10%, Global Commodity Group (Singapore) at 5%, McEwen Inc. at 4.8%, Waratah Capital Advisors at 4.3%, Rob McEwen at 3.2%, Eric Sprott at 2% and Larry Childress at 1%.

The remaining shares are held by other institutional funds and retail investors.

Goliath has 163 million issued. Its market cap is CA$415 million with a 52-week range of CA$0.95 – CA$3.54 per share.

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Important Disclosures:

1. Goliath Resources is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE,
)

Source: Streetwise Reports 10/28/2025

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) has commissioned a new mineral resource estimate for its Stillwater West project in Montana. Read how the update will integrate recent drilling and expanded geological modeling to refine the critical metals resource.

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) has engaged Mine Technical Services (MTS) to complete an updated mineral resource estimate (MRE) for the Stillwater West project in Montana. The updated MRE, expected in the first half of 2026, will incorporate 14 new drill holes totaling 5,781 meters from the 2023 and 2025 drill programs, as well as select historic holes not previously included. The project hosts a combination of nickel, copper, cobalt, chromium, platinum, palladium, rhodium, ruthenium, iridium, gold, and osmium, ten of which are classified as critical minerals by the U.S. government.

According to Stillwater, the update builds upon the existing January 2023 inferred resource estimate, which includes approximately 1.64 billion pounds of contained nickel, copper, and cobalt, and 3.81 million ounces of palladium, platinum, rhodium, and gold at a base case cut-off of 0.20% nickel equivalent (NiEq). That estimate spans five deposits across a 9.5-kilometer area and was supported by over 40,000 meters of drilling at the time. A key objective of the new work is to integrate recent drilling, updated geological models, structural insights, and geostatistics, including learnings from the Platreef district in South Africa.

President and CEO Michael Rowley stated in the news release, “Reuniting the team responsible for defining the large-scale polymetallic critical mineral resources at Ivanhoe’s Platreef Mine to complete an updated resource estimate is an important step towards evaluating production scenarios at Stillwater West.” Rowley added that the project’s location in an active U.S. mining district aligns with the government’s focus on securing domestic supplies of key commodities.

Dr. Danie Grobler, Vice President of Exploration, said the new MRE will reflect an improved understanding of the Stillwater complex informed by geophysical surveys and modeling. He noted that recent drilling successfully intersected multiple near-surface magmatic sulfide zones across all three primary target areas.

Critical Metals in Motion: North America Gains Ground in Nickel, Copper, and Cobalt

On October 24, Goldinvest reported that the spot price of copper closed September at US$4.64 per pound, with year-to-date gains of 18.18%. The article highlighted that junior copper mining stocks had outperformed, with the Nasdaq Sprott Junior Copper Miners Index increasing 72.46% year-to-date. The publication attributed the sector’s momentum to both persistent demand from electrification and infrastructure and to widespread production disruptions at major global mines, resulting in the weakest copper mine growth rate since 2011.

The report noted that shutdowns and reduced output from operations internationally contributed to a tightening market. Goldinvest stated that “any additional incident can trigger noticeable price reactions,” reflecting heightened market sensitivity to supply disruptions.

On October 6, the Couloir Capital Research Team reaffirmed its Buy rating on Stillwater Critical Minerals, raising its fair value estimate to CA$0.93 per share, up from CA$0.45.

The copper sector also benefited from supportive U.S. industrial policy measures. The Goldinvest article described how federal funding and policy interventions accelerated the development of domestic mining and critical infrastructure projects, enhancing planning certainty for U.S.-based companies.

Additional factors, including a U.S. Federal Reserve interest rate cut and increased capital flows into tangible assets, further bolstered investor interest in copper and other critical materials.

A 2024 cobalt market report released by the Cobalt Institute added that cobalt demand remained anchored in the battery sector, with over 70% of global consumption tied to battery applications. According to the report, the U.S. government classified cobalt as a critical mineral and supported domestic production through mechanisms such as the Defense Production Act. The Cobalt Institute stated that “North America was the only region globally to see cobalt mine production increase in 2023,” underscoring the region’s growing emphasis on supply chain diversification.

The report also noted a rise in recycling activity, with refined cobalt from recycled sources increasing to 22,525 metric tons in 2023, up from 20,645 metric tons in 2022. However, it emphasized that primary supply remained vital to meet long-term demand, particularly for high-performance applications.

Expert Opinions Highlight Strong Growth Outlook for Stillwater Critical Minerals

In a September 16 report, Taylor Combaluzier, vice president and mining analyst at Red Cloud Securities, stated that Stillwater’s 2025 drill program was expected to support an expanded mineral resource estimate with Indicated resources in the first half of 2026. He noted that the company was trading at a significant discount to peers on an enterprise value per nickel equivalent pound basis, US$0.024 versus US$0.048. Red Cloud maintained its CA$1.20 per share target, which implied a potential return of 253% at the time. “We see rerating potential from resource expansion followed by an increase in the valuation multiple as PGE moves from an explorer to a developer,” Combaluzier wrote. He highlighted early drill results showing visible nickel and copper sulfides and pointed to the company’s goal of reaching 80,000 meters of drilling at Stillwater West. He also emphasized that Stillwater had raised CA$8.8 million in 2025, with Glencore contributing CA$1.38 million and providing input through the Stillwater West Technical Committee.

On October 7, Red Cloud Securities reiterated its positive stance on the company. Combaluzier described Stillwater Critical Minerals as a “one-stop shop” for U.S. critical minerals and stated, “Given the company’s presence in a prolific mining district and potential to significantly expand the current about 1,800,000,000 pounds of nickel equivalent resource base, we believe that the stock should be on the radar of investors.” He also reaffirmed the CA$1.20 price target and a Buy rating.

Following a site visit, Combaluzier called attention to the quality of the technical team, led by Dr. Danie Grobler, and their previous experience with large-scale magmatic deposits. He emphasized the project’s infrastructure advantages, favorable jurisdiction, strong community support, and existing government grants totaling US$2.75 million. He wrote, “In our view, Stillwater Critical offers investors a prime opportunity to gain exposure to critical minerals in the U.S. at a time when they have never been more in favor and supported by the current U.S. Administration.”

On October 6, the Couloir Capital Research Team reaffirmed its Buy rating on Stillwater Critical Minerals, raising its fair value estimate to CA$0.93 per share, up from CA$0.45.

“We are now using a probability-weighted framework, which gives credit to resource-expansion outcomes, thereby lifting the fair value,” the firm explained. Couloir reported that Stillwater had drilled more than 3,100 meters as part of the 2025 campaign and had surpassed 43,100 meters in total drilling. The firm said it believed this drilling would support an updated mineral resource estimate in 2026. Couloir also pointed to CA$8.78 million in total funds raised, including approximately CA$1.4 million from Glencore, as a key factor in the project’s de-risking. The firm highlighted Stillwater West’s rare combination of grade and scale in an active U.S. mining district, adding that the project had the potential to help close the nation’s critical mineral supply gap.

Platreef Expertise, Government Alignment, and Scale Define Next Steps

The upcoming mineral resource estimate at Stillwater West represents a convergence of technical depth and national strategic relevance. Stillwater is applying mine models inspired by the Platreef region in South Africa, and the current geological setting has drawn comparisons to world-class polymetallic deposits. With a 33-kilometer-long land position adjacent to Sibanye-Stillwater’s producing mines, the company is pursuing an analog development approach using Platreef-style models.

Multiple resource zones at Stillwater West remain open for expansion, and the company has modeled significant exploration potential across its broader claim block, aided by results from the 2024 MobileMT geophysical survey. Large-scale conductive anomalies and updated soil geochemistry data have already guided new drilling areas. Expansion potential continues across the Iron Mountain and Chrome Mountain zones, which remain under-assayed following the 2025 campaign.

Stillwater has also received strong interest from government stakeholders. In 2025, the White House listed the Stillwater mining district, which includes Stillwater West, among ten national priorities for critical mineral production. The company is further supported by CA$8.4 million in investments from Glencore, which maintains a 15% equity stake, board position, and technical committee representation. [OWNERSHIP_CHART-9539]

As Stillwater integrates its new geological and geophysical models into the MRE, the company believes the project is positioned at the intersection of scale, jurisdictional stability, and commodity diversification, with potential to contribute to U.S. supply chains across energy, defense, and advanced manufacturing sectors.

Ownership and Share Structure¹

Management and insiders own approximately 17% of Stillwater, according to the company, and high-net-worth investors own about 23%

Executive Chairman and Director Gregory Shawn Johnson owns 2.86%, President and CEO Michael Victor Rowley owns 2.56%, Independent Director Gregor John Hamilton owns 1.65%, Independent Director Gordon L. Toll owns 0.44%, and Vice President of Exploration Daniel F. Grobler owns 0.23%, according to Reuters.  

Institutions own approximately 30% of the company, and Glencore Canada Corp. owns 15%. About 15% of the company’s shares are in retail.

There are about 272 million shares outstanding with 212 million free float trading shares, while the company has a market cap of CA$95.00 million and trades in a 52-week range of CA$0.0900 – CA$0.60. 

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Important Disclosures:

1. Stillwater Critical Minerals is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: PGE:TSX.V; PGEZF:OTCQB; J0G:FSE,
)

Source: Ron Wortel 10/28/2025

Goliath Resources Ltd.’s (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) Surebet Discovery continues to yield impressive results, solidifying its reputation as a top-tier high-grade gold system in British Columbia’s Golden Triangle, one analyst wrote in an updated research note.

Goliath Resources Ltd.’s (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) Surebet Discovery continues to yield impressive results, solidifying its reputation as a top-tier high-grade gold system in British Columbia’s Golden Triangle, Zacks Small-Cap Research Analyst Ronald Wortel wrote in an updated research note on October 22.

The 2024–2025 drilling campaigns achieved visible gold intersection rates of 94% and 76%, respectively, with every hole encountering quartz-sulphide mineralization, the anlyst noted. Notable intercepts include 132.93 grams per tonne g/t gold equivalent (Au Eq) over 10 meters in the Bonanza Zone, 12.03 g/t Au Eq over 10 meters in the RIRG dykes, and 10.6 g/t Au over 22.82 meters in the calc-silicate breccia.

The mineralized area covers 1.8 km², remains open, and features 12 stacked veins and four Eocene-aged dykes. Metallurgical tests confirm a 92.2% gold recovery rate, including 48.8% free gold via gravity, Wortel said A new magmatic-source model across three rock packages enhances the potential for increased tonnage and supports future resource definition. These findings significantly reduce project risk and position Goliath for a valuation boost.

Over 64,000 Meters Drilled

On September 23, 2025, the company announced it had completed over 64,000 meters of drilling across 110 drill holes, achieving a 100% success rate in 90 days on the 1.8 km² Surebet Gold Discovery, which remains open at the Golddigger Property in British Columbia’s Golden Triangle. This program exceeded the planned 60,000 meters, demonstrating the company’s capability to execute a large and successful drilling initiative.

Results from this extensive program are anticipated to sustain market interest amid a favorable gold market, Wortel said.

On September 25, 2025, Goliath Resources announced a CA$23 million bought deal private placement, with an average price of CA$4.39 and no warrant, according to the analyst. Goliath secured a CA$23 million bought deal structured flow-through financing led by Stifel Canada, reflecting strong institutional demand for exposure to its Golden Triangle exploration success.

Proceeds are designated for qualifying exploration expenditures at the Golddigger-Surebet Gold Project, directly funding its aggressive exploration and resource development strategy. This premium-priced, non-dilutive, only ~3.2%, capital injection materially strengthens Goliath’s balance sheet, de-risks its path toward a maiden resource, and positions the company for strategic growth at Surebet in 2026, Wortel said.

Valuation Based on Results

Zacks’ valuation of Goliath is based on expectations for the drilling results from the Surebet Prospect, outlining a mineralization target range that shows significant value generated for the company based on discounting the value of the in-ground resource potential, the analyst wrote.

Goliath has now completed over 150,000 meters of drilling to the end of 2025, having completed an additional 64,000 meters in 2025. A simplistic analysis could say they are adding another 2/3 of our end-of-2024 value with this program. The company has not provided a budget for the expanded drill program, other than that it is fully funded.

Wortel said Zacks is estimating the remaining balance sheet cash as an asset in its valuation related to the current funding expected to close soon, that will be used for the 2026 drilling budget.

Wortel said firm’s valuation is also influenced by the rise in gold prices, US$4,075 and up US$420 per ounce at the time of writing, and CA$5,705 per ounce, a significant increase of C$A1,140 per ounce.

Zacks applied a 1% discount to the market price to account for the in-ground value of the ounces. The firm’s new fair market value for the stock is US$4.90, reflecting a change of US$0.86 from the previous report. This valuation represents a 159% premium over the market price of US$1.89 at the time the note came out.

A Leading Junior Explorer, Analyst Says

Goliath Resources has delivered numerous high-grade, high-confidence results from its Surebet Discovery, reinforcing its status as a leading junior explorer in British Columbia’s Golden Triangle, Wortel wrote.

The 2024–2025 drill programs revealed visible gold in 94% and 76% of holes, respectively, with all holes intersecting quartz-sulfide mineralization.

“With over 150,000 meters drilled and a land package expanded to 91,518 hectares — controlling 56 kilometers of the Red Line trend — Goliath is well-positioned for resource delineation, valuation uplift, and strategic interest. Infrastructure access and surface exposure further de-risk development,” the analyst wrote. “These results materially enhance our investment thesis, supporting Goliath’s transition from exploration to a high-conviction development candidate with M&A appeal.”

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Important Disclosures:

1. Goliath Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, [COMPANY] has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Disclosures for Zacks Small-Cap Research, Goliath Resources Ltd., October 22, 2025:

The following disclosures relate to relationships between Zacks Small-Cap Research (“Zacks SCR”), a division of Zacks Investment Research (“ZIR”), and the issuers covered by the Zacks SCR Analysts in the Small-Cap Universe.

ANALYST DISCLOSURES

I, Ronald Wortel, hereby certify that the view expressed in this research report accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report. I believe the information used for the creation of this report has been obtained from sources I considered to be reliable, but I can neither guarantee nor represent the completeness or accuracy of the information herewith. Such information and the opinions expressed are subject to change without notice.

INVESTMENT BANKING AND FEES FOR SERVICES

Zacks SCR does not provide investment banking services nor has it received compensation for investment banking services from the issuers of the securities covered in this report or article.

Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm engaged by the issuer for providing non-investment banking services to this issuer and expects to receive additional compensation for such non-investment banking services provided to this issuer. The non-investment banking services provided to the issuer includes the preparation of this report, investor relations services, investment software, financial database analysis, organization of non-deal road shows, and attendance fees for conferences sponsored or co-sponsored by Zacks SCR. The fees for these services vary on a per-client basis and are subject to the number and types of services contracted. Fees typically range between ten thousand and fifty thousand dollars per annum. Details of fees paid by this issuer are available upon request.

POLICY DISCLOSURES

This report provides an objective valuation of the issuer today and expected valuations of the issuer at various future dates based on applying standard investment valuation methodologies to the revenue and EPS forecasts made by the SCR Analyst of the issuer’s business. SCR Analysts are restricted from holding or trading securities in the issuers that they cover. ZIR and Zacks SCR do not make a market in any security followed by SCR nor do they act as dealers in these securities. Each Zacks SCR Analyst has full discretion over the valuation of the issuer included in this report based on his or her own due diligence. SCR Analysts are paid based on the number of companies they cover. SCR Analyst compensation is not, was not, nor will be, directly or indirectly, related to the specific valuations or views expressed in any report or article.

ADDITIONAL INFORMATION

Additional information is available upon request. Zacks SCR reports and articles are based on data obtained from sources that it believes to be reliable, but are not guaranteed to be accurate nor do they purport to be complete. Because of individual financial or investment objectives and/or financial circumstances, this report or article should not be construed as advice designed to meet the particular investment needs of any investor. Investing involves risk. Any opinions expressed by Zacks SCR Analysts are subject to change without notice. Reports or articles or tweets are not to be construed as an offer or solicitation of an offer to buy or sell the securities herein mentioned.

CANADIAN COVERAGE

This research report is a product of Zacks SCR and prepared by a research analyst who is employed by or is a consultant to Zacks SCR. The research analyst preparing the research report is resident outside of Canada, and is not an associated person of any Canadian registered adviser and/or dealer. Therefore, the analyst is not subject to supervision by a Canadian registered adviser and/or dealer, and is not required to satisfy the regulatory licensing requirements of any Canadian provincial securities regulators, the Investment Industry Regulatory Organization of Canada and is not required to otherwise comply with Canadian rules or regulations.

( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE,
)