Happy Friday!

Pour the double-double one more time this week, because a Colombian porphyry just posted a number that should make the majors nervous, and Argentina finally has money for a pipeline it has been talking about for years.

The energy patch spent the day on paperwork instead of drill bits: project financing, land buys, and a buyback with real teeth.

Six stories, an eight-line Dashboard, and a stat about the pipeline that keeps quietly cutting cheques to Canada. Let's dig in.

🥇 Gold (spot): $4,608/oz 📈

🥈 Silver (spot): $69.35/oz 📉

🟠 Copper: $6.54/lb 📉

☢️ Uranium (U₃O₈ spot): $90.39/lb 📉

🛢️ WTI Crude: $83.28/bbl 📉

🔥 Natural Gas (Henry Hub): $2.90/MMBtu 📉

📈 TSX-V Composite: ~1,004.09 (Aug 27 close, carried forward) ➖

💵 U.S. Dollar (DXY): 99.47 📈

$LBCMF ( ▼ 2.62% ) Copper Giant Resources Corp. just proved out its Mocoa copper-molybdenum porphyry in two directions at once, off a single drill pad.

What happened: Hole MD-070 returned 771 continuous metres at 0.54% copper equivalent, including a 102-metre higher-grade core at 0.87% CuEq. A companion hole, MD-068, pushed mineralization below where 1970s and 1980s-era vertical drilling stopped, hitting 157 metres at 0.69% CuEq near surface and another 154 metres at 0.54% CuEq starting below 526 metres. Both holes were drilled directionally off existing pads, nearly 6,000 metres of new drilling from one platform.

Why it happened: Mocoa is already one of the largest undeveloped copper resources in the Americas, with 12.7 billion pounds of copper-equivalent metal in the inferred category. The company, backed by the Fiore Group and Frank Giustra, is drilling to firm up that resource ahead of a targeted Q4 2026 preliminary economic assessment.

What it means for your position: Reproducing (and locally beating) the resource model at infill spacing, while also extending the deposit deeper and to the southeast, is exactly the kind of two-for-one hit that de-risks the PEA math. Skeptic's footnote: the release also disclosed a new C$400,000, six-month investor-relations and media agreement with BTV, a disclosed paid arrangement worth knowing about even though the rock here looks real.

👉 See the assays

$MOGMF ( ▲ 5.24% ) Mogotes Metals Inc. closed a US$15 million strategic placement from Rio Tinto Canada Inc. at C$0.70 a unit, handing the major roughly a 5% initial stake in a district-scale discovery in the Vicuña copper-gold-silver belt, the same neighbourhood as Filo del Sol and Josemaria.

This is not just a cheque. The deal comes with a Strategic and Technical Alliance giving Mogotes access to Rio Tinto's proprietary geoscience and porphyry-targeting workflows at its Filo Sur project, plus a joint technical committee, 15 months of exclusivity, and a top-up right to keep Rio Tinto's stake as high as 9.99%. The parties are reportedly already discussing extending the alliance to ground in Kazakhstan. This is the AI-and-advanced-targeting-meets-major-capital story playing out in real time, not a slide deck about it.

👉 Read the full release

$SVRS.TSXV ( 0.0% ) Silver Storm Mining Ltd. closed a $14.625 million first tranche of a non-brokered placement to fund drilling at its La Parrilla Silver Mine Complex in Mexico, with Eric Sprott personally taking $7.5 million of it.

Demand kept coming after the tranche closed, so the company upsized the total offering from $30 million to as much as $42 million, a roughly 40% jump in raise size within days of the first close. A real-time gauge of how hot silver-sector money is running right now.

👉 Read the release

$AAV.TSX ( ▼ 0.68% ) Advantage Energy Ltd. sold its Wembley Montney assets, 32 net sections and about 5,730 boe/d, for $316 million cash.

What happened: The sale crystallized a 92% before-tax cash return on capital invested there since 2019. Proceeds cut net debt to roughly $245 million, funding an accelerated buyback of up to 5% of shares through the rest of 2026 and another 10% in 2027, alongside updated full-year guidance narrowed to 80,000 to 82,000 boe/d.

Why it happened: Wembley sat outside Advantage's owned infrastructure, making it the obvious candidate to monetize at a strong return rather than keep funding.

What it means for your position: Up to 15% of the float disappearing over 18 months is one of the more aggressive buyback commitments in the Canadian gas patch right now, and it is a clear signal management thinks the shares are undervalued at current strip pricing.

👉 Read the release

$YPF ( ▲ 0.75% ) YPF S.A., $GLNG ( ▲ 1.93% ) Golar LNG, Harbour Energy (LSE: HBR), and $PAM ( ▼ 2.47% ) Pampa Energia, alongside privately held Pan American Energy, locked in a $900 million, seven-year project-finance loan for the San Matias Pipeline, a 472-kilometre, 36-inch line running Vaca Muerta gas to Argentina's Atlantic coast.

The pipe feeds two floating LNG plants, Hilli Episeyo starting in 2027 and Esperanza in 2028, for a combined 6 million tonnes a year, marking Argentina's return to large-scale LNG exports. Construction starts this month and wraps mid-2028, on a total project cost of about $1.3 billion. This is the actual midstream FID story of the week, financed and moving, not just talked about at a conference.

👉 Read the full story

$OVV ( ▼ 0.97% ) Ovintiv Inc. rolled up more than 60 separate land transactions in 2026, adding roughly 41,000 net acres across the Permian (about 21,000 acres for $230 million) and the Montney (about 20,000 acres for $230 million), $460 million total, for 240 net drilling locations at around $11,000 an acre.

Sixty-plus small deals stitched into one release is a stealth-consolidation story: nobody notices any single transaction, but the sum adds 500 net locations year to date at pricing Ovintiv is framing as a bargain.

👉 Read the release

$2.6 billion. That is what the Trans Mountain pipeline has returned to Canada in cash since the expanded system entered service in May 2024, on the back of a Q2 2026 that ran at 94% utilization, 840,000 barrels a day, up from 703,000 a year earlier.

Westridge Marine Terminal has now loaded 610 vessels, 65% of them bound for Asia. Not a publicly traded name (it is a Crown corporation), so it does not get a story slot of its own, but the cheque size is too good not to mention.

Keep your grades high, your dilution low.

See you Monday, Apes.