Happy Thursday! Pour the double-double, because Alaska just delivered one of the fattest bonanza intercepts we have seen all year.

Meanwhile, the energy patch keeps consolidating its plumbing: Enbridge is bringing in two of the biggest names in private capital to help fund a BC gas expansion, and a Montney junior just posted a 531% production jump. Grades are high today, and so is the deal flow.

🥇 Gold (spot): $4,606/oz 📉

🥈 Silver (spot): $69.09/oz 📈

🟠 Copper: $6.54/lb 📈

☢️ Uranium (U₃O₈ spot): $89.50/lb 📈

🛢️ WTI Crude: $82.86/bbl 📉

🔥 Natural Gas (Henry Hub): ~$2.79/MMBtu (stale print, flagged) ➖

📈 TSX-V Composite: ~1,010.93 (Aug 25 close, carried forward) ➖

💵 U.S. Dollar (DXY): 99.17 📈

Freegold Ventures Ltd (TSX: $FVL.TSX ( ▼ 1.22% ), OTCQX: FGOVF) just drilled one of the fattest bonanza intercepts of the year at its Golden Summit project outside Fairbanks.

What happened: Hole GS2638 returned 143.7 metres at 3.59 g/t gold from 758 metres depth, including a jaw-dropping 3.0 metres at 141.3 g/t gold. A second hole, GS2630, hit 523 metres at 0.75 g/t gold to the end of the hole. Six rigs are turning right now.

Why it happened: Golden Summit already carries a combined resource of roughly 29.1 million ounces (17.2 million Indicated, 11.9 million Inferred) across a 13 km by 6 km land package, and Freegold is drilling to firm up an updated resource ahead of a targeted 2027 pre-feasibility study.

What it means for your position: A bonanza core inside an already 29-million-ounce system is exactly the kind of hit that de-risks the PFS math and keeps generalist money interested in Alaska gold. This is a widely-held name, so today's hole matters to more portfolios than most.

👉 See the assays

Q2 Metals Corp. (TSXV: QTWO, OTCQB: QUEXF) just logged its best hole yet at the Cisco Lithium Project in Quebec: three stacked pegmatite intervals in hole CS26-093, including 403.7 metres at 1.57% Li₂O and 213.8 metres at 1.93% Li₂O.

About 170 metres of that intercept sits outside the current 295-million-tonne resource pit shell, which means real expansion room ahead of a planned PEA. Hard-rock lithium is having a quiet moment while EV and grid-storage demand narratives keep resurfacing, and this is the trend story to watch on the processing and battery-metals side.

👉 Read the full release

Galantas Gold Corporation (TSXV: GAL, AIM: GAL) got an unannounced houseguest this week. Peruvian private miner Alpayana S.A.C. disclosed an early-warning report showing it quietly bought 91,313,890 common shares, 10.97% of the company, in a single off-market trade on August 21 at CAD$0.42 a share (about CAD$38.35 million).

Zero prior position to instant substantial shareholder in one trade. Galantas is advancing its Indiana project plus the Andacollo gold project in Chile, and the company's CEO welcomed Alpayana as a strategic, long-term shareholder. Worth watching whether the stake grows.

👉 Read the disclosure

Enbridge Inc. (TSX: $ENB.TSX ( ▲ 0.03% ), NYSE: ENB) is bringing KKR and Apollo into a new joint venture funding its Westcoast natural gas pipeline expansions in BC.

What happened: KKR (lead) and Apollo will invest about C$2.7 billion, including C$0.7 billion cash to Enbridge at closing, for an indirect 29% stake in the aggregate Westcoast system once the Sunrise Expansion enters service in late 2028. The Aspen Point program (535 mmcf/d) enters service this year; Sunrise adds another 300 mmcf/d, lifting total system capacity to 3.9 bcf/d.

Why it happened: This is classic Enbridge capital recycling, the same playbook that has generated C$19 billion since 2014, and it funds critical egress for BC and Pacific Northwest gas demand plus LNG exports, while Enbridge keeps majority ownership, operating control, and a buy-back option in years 7 through 14.

What it means for your position: Not material to 2026 guidance on its own, but it is another sign the biggest names in private capital want a piece of Canadian gas egress. Worth noting Enbridge was also last edition's energy lead on a separate Permian pipe deal. Same company, genuinely different asset and partners this time, and it is simply the freshest, biggest energy story available today.

👉 Read the release

Coelacanth Energy Inc. (TSXV: CEI, OTC: $CEIEF ( ▼ 1.86% )) posted a Q2 2026 production number that jumped 531% year over year, from 1,210 boe/d to 7,632 boe/d, with adjusted funds flow swinging to positive $10.7 million from a $0.6 million use of cash.

The company closed an $80 million bought-deal financing and expanded its credit facility to $90 million. Its gas connects directly into the Westcoast system (the same one Enbridge just brought partners into above) and on into Coastal GasLink and LNG Canada, though management flagged that a September turnaround at the Westcoast McMahon plant will shut in all production for the month. A small-cap Montney name riding the LNG Canada egress story, with a real maintenance air pocket ahead.

👉 Read the results

SECURE Waste Infrastructure Corp. (TSX: $SES.TSX ( ▲ 1.15% )) set Monday, August 31 at 5:00pm Calgary time as the deadline for shareholders to elect their preferred payout in its takeover by GFL Environmental (TSX/NYSE: GFL): $24.75 cash, 0.4195 of a GFL share, or a blended $4.95 cash plus 0.3356 share option.

Here is the catch: every election is subject to proration to a fixed 80% stock, 20% cash mix across the deal, so anyone who elects all-cash or all-stock can still get prorated into a blend anyway. Anyone who does not vote gets defaulted into the combo option automatically. Corporate plumbing at its most delightfully absurd, and worth a read if you are holding SES into the close.

👉 Read the notice

$21,000 per metre.

That is roughly what one 3-metre slice of Freegold's 141.3 g/t bonanza core is worth in gold alone at today's spot price, packed into a piece of drill core you could hold in one hand.

Call it more value per linear metre than most Canadians take home in a year, mined out of a single hole in the Alaska bush.

Keep your grades high, your dilution low.

See you tomorrow.