End of Empire Foundation For House Of Gold

Rick Mills Editor/ Publisher, Ahead of the Herd:

You were an intelligence officer in Vietnam, you were a pilot, and you were given more responsibility briefing the pilots and doing a lot of intelligence work in that kind of area.

Taking all that into consideration did you know the Defense Secretary has a make-up room in his office, he’s got an unsecured computer with Signal, he’s got Signal on his personal phone, he had a Signal conversation discussing classified information with his wife, brother and lawyer. This all after the first time he talked out of turn on another Signal call.

His brother is a DEI appointment, a blogger who Hegseth got a liaison job. Have you ever seen or heard of anything like this going on? It’s downright embarrassing.

Bob Moriarty, Founder, 321gold:

Well that’s a very good term. Here’s my opinion. We’re at the end of the empire and you can go back to Rome in 300 or 400 AD that’s when you get the fools. When you look at the Presidents, we had Clinton we had Bush we had Obama we had Biden, give me a break! We had all the fools, and you’ve got this egomaniac in the White House and he’s surrounding himself with egomaniacs. Putting a make-up artist in the office of the Secretary of Defense that’s weird.

RM: it seems like the US and Canada are lowering the bar every election cycle.

Obama gets the credit for the 2015 Joint Comprehensive Plan of Action putting Iran under a nuclear watchdog but Trump, in May 2018, imposed sanctions on Iran and withdrew the US from the JCPOA. Now Iran and US have had two meetings, and then just last Wednesday they had some experts together talking about the inner workings of sanctions relief and how they’re going try and outfit that into Iran’s nuclear program.

And the talks are supposed to restart on April 26th. Have you changed your mind on how you think this is going be a failure and Israel and the US will bomb Iran? I mean we could have two fronts, Ukraine and Russia and Iran versus the US, Israeli coalition going on within a matter of days.

BM: Now here is the situation and here are the facts. Benjamin Netanyahu said in 1992 that Iran was a short time away from having nuclear weapons. Donald Trump withdrew from the JCPOA which prevented Iran from making nuclear weapons and now he’s saying it’s so important to prevent Iran from making nuclear weapons that we should attack them.

Yet his own head of national intelligence, just a week ago, agreed with the 18 other US intelligence agencies that say Iran has no nuclear weapons program.

There is a reason you don’t carry a knife to a gun fight, the reason that you do that is because you’re going to lose if you do. Certainly, Israel has threatened many times and said they’re going to attack Iran and Trump wants to sit on the fence and play both sides, but what he’s demanding of Iran is they totally give up all defensive capabilities, and all offensive capabilities, to eliminate a nuclear weapons program that doesn’t exist.

That’s just simply not going to happen but there’s two reasons that Israel and the United States should not attack Iran. One is the price of oil will go up 300 or 400 bucks a barrel because they will close the Strait of Hormuz. And the other is the Iranians have weapons now, hypersonic missiles that could take Israel out completely, okay?

RM: There was a lot of outcry in the US about how far Israel was willing to go and of course as soon as you said something, and it didn’t matter whether you were in Canada writing about it or you were talking about it anywhere, as soon as you said anything negative about the Israelis’ plan for Gaza and the Palestinians you were automatically an Israel basher, an antisemite.

You know that’s just wrong, we need to be able to converse freely, and I sympathize, you just cannot keep bombing innocent civilians on the chance you’ll kill a Hamas or two. What’s the ratio they’ve killed, how many civilians, kids, per Hamas terrorist? How many Hamas, Hezbollah do they make every time they kill innocents?

That’s not the way to conduct yourself or stop the cycle.

Trump was asked what concessions Russia has offered up this far to get to the point where you’re closer to peace. And Trump said, ‘stopping the war, stopping from taking the whole country, that’s a pretty big concession.’

So, is the US giving up on Ukraine, or giving up Ukraine?

BM: Both. Trump has finally realized that it was the United States and NATO and the EU that started this war, and the only way it’s going to end is with the elimination of Ukraine in total. Or the US and NATO and the EU back down.

Some of this stuff is so bizarre, we’ve got the French President saying he wants to put a nuclear umbrella over Europe, we’ve got the German Chancellor saying we’re going to send long-range missiles to Ukraine to attack Russia, you’ve got the UK saying we’re going to send 3,000 of their 75,000 troops to Ukraine.

Now I’ll tell you something that nobody else will tell you, and I’ve got the documentation to prove it, there are French soldiers being killed in Ukraine today, and there’s German soldiers being killed in Ukraine today, and there’s Canadian soldiers in Ukraine being killed today, and there are American soldiers being killed in Ukraine today, and there’s British soldiers being killed.

This is not a battle between Ukraine and Russia, this is a war that the United States started and it’s going to continue until the United States stops it. Now the crazy thing is, we talked about this last week, President Trump could win the Nobel Peace Prize on Monday. All he would have to do is call up Zelensky and say the war’s over. And then pick up the phone and call Netanyahu and say the war’s over, we’re not paying for any more for your stupidity.

These wars exist and the real guilty party in this is interesting. I’ve got more criticism for the United States than I do for Israel. Israel gets away with what they’re doing, the tens of thousands of crimes because they’ve got unfettered support from the United States. It’s the United States that created this problem, not Israel. Israel’s doing everything they can get away with, so all we must do to end both wars is say we’re not going to pay for it anymore, bingo, war’s over.

RM: I believe that. I think that Trump has also got the power right now to tell Putin stop where you are in place and that’s the end of it.

BM: He can’t tell Putin anything, Putin’s winning, why would Putin stop fighting? He’s destroyed hundreds and sometimes thousands of Ukrainian soldiers every day. Why would he stop fighting?

And you can go back to December of 2021 and Putin says okay NATO, EU, the United States we want guaranteed, secure borders just like you said we would have in the Minsk-2 agreement, just like you said in 1990 when you said NATO wouldn’t move one inch to the east. It was the United States that lied, it was Germany that lied, it was the Uk that lied, it was Ukraine that lied. Why should Putin stop fighting when he’s winning?

RM: I agree he is winning, but I think that he would stop if the US would remove all sanctions, force Big Oil, force other multinationals back into the country and start making deals on minerals. I think that economic considerations, dealing with Trump in the US, I think there’s a good chance the war would stop if everything was frozen in place, he keeps what he’s got, he’s got his border, Ukraine’s not in NATO, and Putin basically gets in bed with Trump on a bunch of projects that I think Trump wants to work with him on.

BM: Yeah, but Trump said, ‘Okay why don’t you hand that nuclear power plant to us, and we’ll run it?’ That’s just as insane as allowing the Israelis to depopulate Gaza and turning Gaza into a Trump vacation spot. Russia has made it absolutely clear from the very beginning they want secure borders, this isn’t about oil, the Europeans are buying more Russian energy now than they were prior to 2022.

RM: The sanctions against Russia and Iran do not seem effective. Certainly not when it comes to commodities. Too many end arounds.

BM: Yeah exactly, sanctions don’t work, I’ve said sanctions were the kiss of death, sanctions were suicide for Europe a week after the war started. The amazing thing to me and I have never heard of anything quite as insane as this. The German Chancellor was in Washington and gave permission for Biden to blow up the Nordstream 2 pipeline.

It was a $30 billion act of economic sabotage against Europe and the German Chancellor said it’s okay because we’re going to hurt Russia. They’re not hurting Russia; they destroyed their own economy.

RM: It’s interesting to note that that power plant you were just talking about is one of the few concessions that Russia must make, they must give it back to Ukraine. That’s an interesting thing because in the US proposal the other day there were really no conditions on Russia except, they must give back that power plant, so it looks like Trump is still after control of it.

BM: Yeah, but he’s not going get it. Why would the Russians give it to him?

RM: Well, I’m not sure why the Russians would give him anything unless they make some kind of economic deals and remove the sanctions. People never talk about how bad this is for Russia; this is not a good situation for Russia.

Their interest rates are well over 20%, there’s a huge food shortage problem believe it or not, and their inflation rate is well over 10%. They’ve got people leaving the country because they don’t want to get conscripted. Russia’s economy is pretty much a basket case overall and they’ve run out of Cold War material for their warfighting efforts; they’ve emptied in their warehouses. They’re having to call up Russian conscripts, instead of mercenaries and prisoners, and start using some of their new equipment which is showing up on the front line.

They’re also using a lot more North Koreans and there’s actual Chinese showing up. I don’t know how many Chinese are in there they might be just observers, but the Ukrainians have killed a few of them. This is this is not a good thing for Russia either, they might be putting the pressure on simply to get this over with and get a peace deal as well because they are hurting.

When I look at Russia, I see a North Korea on commodity bought steroids.

BM: Well to the extent that the country that should be fighting for a peace deal is Ukraine. I’ve seen numbers and I can’t tell you that they are accurate but it’s probably closer than anybody wants to admit that somewhere between 1.2 and 1.5 million Ukrainian soldiers have died. And that’s a lot, if you consider in World War 2 that lasted for five years the United States lost 425,000 soldiers so the war has been devastating to Ukraine.

How serious is Ukraine about peace? Well, they just showed a Russian general exactly how serious they were. Here’s the deal: Zelensky and all his buddies are stealing every penny they can and they’re going to keep stealing as long as the EU and the United States keep funneling money to Ukraine. We’re going to find out after the war that some substantial percentage of the aid has disappeared into the oligarchs’ hands.

RM: There is no winning for Ukraine, they need to salvage what they can. Trump is treating them like the Mafia does when they force a business to pay protection, send the boys to bust them up, then give them the deal.

We should bring in the India-Pakistan conflict.

BM: Indian and Pakistan are literally on the verge of going to war, they’re both nuclear-armed states, they could easily go nuclear, and I think there is a general attitude in the world that countries can just do whatever they want to and there’s no payback for it.

You see it in Gaza, you see it in the West Bank, you see it in Syria, you see it in Iran, I’m looking at my computer and the Zelensky regime has just murdered a Russian general, so you’ve got Trump trying to claim he’s wanting to bring peace in Ukraine, and you’ve got the retired President of Ukraine, he’s long since out of office, assassinating Russian generals, are these people stupid?

RM: Both these countries have nuclear weapons, the reason for the latest flash, it doesn’t take much but this time there was a militant act that killed 26 people in Kashmir.

India is blaming Pakistan for it, the Kashmir resistance has claimed responsibility and India says they’re a front for a militant group backed by Pakistan’s military. Whatever, they’ve been scrapping it out over a Himalayan territory, Kashmir, as both claim it.

The big challenge between the two of them is water. India controls a lot of the water that goes into Pakistan and now India’s threatened to shut off the water and Pakistan has said if you do that that’s a declaration of war, so these guys are probably going to get at it, they’ve got no backup with each other.

BM: India has shut off the fresh water going into Pakistan and yes Pakistan has said that would be an act of war so literally I mean this weekend we could see military attacks from aircraft, or we could see nuclear weapons used. The world is in a state of disequilibrium and the Trump administration’s doing everything in their power to make it worse and I don’t see that getting any better.

RM: Let’s move on to who’s winning the tariff war, China or the US.

I’m fascinated by this, Trump saying they’re talking and everything’s good and he’s going make a sweet deal for China, and then China comes back and says well we’re not even talking let alone have an agreement.

The other thing too is what’s going on in trade between the US and China. Their economies combined are 43% of the global GDP and between the two of them they did 48% of global manufacturing output in 2023. China also has substantial holdings in US Treasury bonds, roughly $760 billion which makes it the second-largest foreign creditor after Japan.

It’s far-fetched to think that the two economies could even have a peaceful decoupling in such a short time, let alone anything like what’s happening now.

The Chinese have several advantages; It was proven in the covid lockdown that the Chinese can take the pain more than the US can when it comes to their citizens; the trade war gives China other trading places than the US would have; China was already starting to rely less on the US.

Of course, we know that China holds the global upper hand on critical minerals, and these are all real advantages.

It seemed to me like we had a second ‘Blink Wednesday’ just two days ago. Did Trump just lose a round or two in the trade war with China?

BM: Yes of course. Okay here’s something that nobody talks about, nobody thinks about but it’s very important. When the Chinese agreed to purchase soybeans from the United States, they did that to help the United States.

Brazil, I think they’re the largest grower of soybeans in the world, and China could always go to Brazil. So, without firing a shot the Chinese can put tens of thousands of American farmers into bankruptcy just by not ordering soybeans. You’re in a farming community?

RM: Yes.

BM: Okay well you understand that if you’re going to raise soybeans you’ve got a window of opportunity, we’re in that window right now. If you’re not prepared to plant soybeans right now, two weeks from now, three weeks from now you’re out of luck.

I mean you don’t make the decision in January to plant soybeans. You don’t make the decision in July to plant soybeans. You make that decision in the fall and the Chinese have just said ‘Hey remember all those billions of dollars worth of soybeans? We’re not going to order them.’

They’re doing things that are catastrophic to the American industry, they’ve shut off the exports of tungsten, they’ve shut off the exports of antimony and a lot of other minerals, they’ve shut off the rare earth elements, they’ve shut off the super-powerful magnets, and losing these things are catastrophic for American business.

Now your original question was brilliant, it’s something nobody ever discusses, and your question was who’s winning the tariff war between the United States and China? I’m going to ask you kind of a trick question, that’s something I’m aware of because I was in a war. Who wins any war?

RM: No one wins. There’s just who’s left to pick up the pieces.

BM: Exactly, the key is whoever has the least damage, okay? World War 2 was incredibly destructive to everybody in Europe. I came to France the very first time I was stationed in Vietnam, I took 30 days leave I came to France in the fall of 1969, and they were still riding around on bicycles okay, that was 25 years after the war.

Nobody wins any war, the only question is who gets hurt the worse? Now that’s the greatest reason in the world to never start a war. Now Trump goes in with his ego the size of Wembley Stadium and says I can do whatever I want because I’m the President of the United States. There are limits to power. And certainly, Trump has seen them.

I’ve got a very important 12-page article I just printed out and it said the bond market is controlling the geopolitics of the world right now because Trump is doing things that he thinks are going to lower interest rates, and in fact interest rates are going up, no question about it whatsoever. Tariffs are taxes okay, if you want to decrease economic activity in the United States all you do is raise tariffs.

Now to the issue of has the United States been foolish for 75 years about tariffs. Absolutely but is the rest of the world stealing from the United States? Only to the extent that the United States set up the situation in the first place. Now here’s the deal: we either all get along or we don’t get along at all. And frankly declaring war on your biggest trading partner that’s so stupid I can’t imagine, that’s like saying we’re going to open our borders and anybody that wants to cross the border we’re going to give $1,500 a month to, and a cell phone and free lodging.

RM: That’s what Canada does, except I think it’s $3,000.00, and free medical.

BM: I agree on rationalizing tariffs, but are tariffs going to replace the income tax? Hell no. When the United States got most of its government money from tariffs the government was 3% of the economy and it’s 25% now. You’re never going replace the income tax with tariffs, it’s just not going to happen.

RM: Elon Musk and his Department of Government Efficiency isn’t all that efficient. He’s on record saying that the most they’re ever going to save is $150 billion, total. All that and more is lost just by firing most of the IRS and no one is collecting taxes.

BM: I’ll give you another number and I really pride myself on looking for the things nobody’s talking about. Now given the last year of the Biden administration and the first year of the Trump administration who’s spending more money.

RM: Well, that’s interesting because Trump is stuck with Biden’s budget for almost the first full year. So right now, we’re still spending at least Biden’s budget.

BM: We’re spending Biden’s budget plus, okay? Donald Trump has increased the National Defence spending by 11%, this is above and beyond what Biden had done, so literally we’re in worse shape financially now than we were under Joe Biden, and the crazy thing is and this something nobody talks about, the United States is bankrupt.

There is no other possible alternative, and now we’re finding that we’re not only bankrupt financially, we’re also not only bankrupt morally, but we’re also bankrupt in every possible way that you can be. And while I will give DOGE credit on some things, some of the spending under Biden was so corrupt it was just unbelievable. I don’t care what the total numbers are because frankly it doesn’t make any difference.

When you’re bankrupt, whether you want to have lunch at McDonald’s or whether you want to have lunch at Tony Roma’s doesn’t make any difference, you’re bankrupt. The United States is bankrupt and that’s something that nobody wants to consider, but I’ll guarantee the Chinese understand it, the Russians understand it, the Iranians understand it, and quite bluntly the BRICS are going end up ruling the world because they’re not bankrupt.

RM: No, they’re not, and together they own a lot of the world’s resources. And speaking about the BRICS, let’s revisit when we had our first talk, just so our readers know we talked about soybeans, about how bad it was going be because we predicted that China was going to buy soybeans from Brazil and it would absolutely devastate American farmers.

And here we are just three weeks later, and we have been proven right on that score. China is buying Brazilian soy and American farmers are basically, I mean there’s 500,000 people employed in the US in soybeans and those people are probably going be hurting very quickly because as you say a farmer doesn’t sit here in the spring and decide he’s going plant his crop.

You’ve got to go back to the year before and prepare your soil properly, do your soil tests and see what nutrients you have and what you lack, and then you have to buy, and get, the fertilizer on your soil and make sure that everything’s prepared, you have to order, and pay for, your seed, you have to order your herbicide and your pesticide, get maintenance done, fuel ordered, there’s an awful lot of preparation that goes into growing a cash crop that maybe most people don’t realize.

For all those soy growers the vast bulk of their money is already spent, on credit.

So far from loving farmers, what has just happened is you’ve potentially destroyed an agricultural sector in the US and 3.5 weeks ago we predicted this was going to happen in our first interview.

And in our second interview we said that the restriction on rare earths is going to absolutely devastate the US if it’s allowed to continue. I would go so far as to say the restrictions on rare earths and critical metals is a country killer.

You’ve got the medium and heavy rare earths which are your hardest to source and the most useful when it comes to making a lot of your very high-tech equipment. Those now have severe restrictions placed on them out of China and it’s the only place you can get them.

There are some places that manufacture them here and there. For instance, they make 1,000 tonnes in the United States; China makes 130,000 tonnes, that’s just the size of what we’re looking at. So, when you look at the US capabilities even if they can do, at some early stage, the manufacturing and the mining they are not going be anywhere near what they need. So when you start thinking about all of this, when you think of the rare earths, the mediums and the heavies being restricted, and then you start thinking about the critical minerals restricted: tungsten, tellurium, bismuth, moly, gallium, germanium and graphite all have restrictions on them, all are needed in a modern economy for it to function and the US no longer has access.

A lot of stuff that was 80 to 100% dependent on China to supply has now been restricted and severely curtailed with the use of import licenses and inspections.

Then China went a step further when they told South Korea, and everybody else, that if you export anything to the US with our rare earths in them, we’re going cut you off.

The US has been totally snookered on critical minerals, rare earths, they’re really behind the 8-ball here. They need to do something but other than getting back in bed with China I don’t see a way out for them.

BM: Well, it’s not just China. What do you suppose the big imports from Mexico and Canada are? You’ve got automobile parts, minerals and energy from Canada, food, automobiles and automobile parts from Mexico and you start throwing these giant tariffs on them.

I have seen arguments that suggest Trump is deliberately cratering the US dollar and the US and world’s economy and frankly I don’t think it is true because I think he’s too stupid. Trump’s problem is that he thinks he’s got an IQ of 180 and I think it’s more like an IQ of 95.

RM: Well, he’s on record saying he wants a weaker currency and lower 10-year yields. He started a trade war/ tariff war with Mexico which is the largest export market for the US. Then he starts one with China which is their second largest export market, and then he starts tariffs and everything on Canada which is their third largest export market.  

And if you reverse that you’ll see that the imports from China, Mexico and Canada are the three largest. I mean none of this makes sense because with these tariffs you’re mostly trying to protect industries that you don’t have. Which means many years until you can go it on your own.

They’ve tried this, when they tried it before it was a failure, and it’s not working this time so I’m just wondering when he gives it up?

BM: We’ve talked enough about geo-politics. We should talk about gold and some shares.

RM: We’ve been laying the foundation to build our house.

I do have something that I wanted to talk to you about. With the kerfuffle between Jerome Powell, the Federal Reserve Chairman, and Donald Trump wanting to fire him, Judy Shelton’s name has come back up again, and she’s always been touted as one of Trump’s favorites to succeed Powell when Powell finally steps down in a year.

And the one thing that that interests me about Judy Shelton is that like Alan Greenspan who wrote about this concept in 1981, Alan Greenspan believed that the US should have a long-term gold-backed bond, and Judy Shelton thinks we should have at least a 50-year gold bond, with convertibility to gold. What do you think about that?

BM: Like Greenspan Judy Shelton is a big fan of gold, as I am. Now I believe we’re going to go back to a gold standard, we’re not going to go back to a gold standard because anybody wants it, we’re going to go back to a gold standard because we must have it.

I think the rest of the world is figuring out right now the United States is bankrupt, and the Treasuries are increasing in interest rates and decreasing in prices, the banks are in deep serious trouble, commercial real estate is in deep serious trouble, the dollars sliding. I’ve used the analogy a of couple of times that Trump threw a hand grenade into a crowded theater, and I think that’s fairly accurate.

Judy Shelton is a giant fan of gold, and I see the solution to our economic problems being partially a function of gold. The first thing we really should do, and nobody wants to do this, is to admit that we’re bankrupt. I mean everybody that’s passed Economics 101 knows the United States is bankrupt, knows we can never pay the $200 trillion in unfunded obligations over the next 50 years.

Elon Musk was honest enough to come out and say Social Security is a Ponzi scheme, of course it’s a Ponzi scheme and everybody in Congress says okay it’s a Ponzi scheme but it’s a Ponzi scheme that you can’t kill because it’s too important. We’re going to need a civil war or a revolution or a catastrophic loss in a war to wake up and take the action that we should have been taking for the last 50 years. But Judy Shelton, she’s brilliant I would love to see her as Fed Chairman.

RM: You wanted to talk about one of our favorite subjects and that’s one of those 5-cent gold stocks with a lot of gold already.

I want to say about the one you’re going to talk about here, one fall back a decade or so ago I posted that if you want to have a good year next year what you do is you buy three stocks. I’m sure you remember the White Gold Area Play, I said you buy three specific stocks over the winter and next year you’re going to have a hell of a year. The three stocks were Underworld, Atac and Kaminak.

We did have a good year because, in part, we owned those three stocks and the stock you’re going to talk about has history with me because some of the people in in your stock today were in Kaminak.

BM: Okay, the stock is Tectonic Minerals, the symbol is TECT. The key is they’ve got a big area in Alaska that has had several million ounces of placer gold produced, and they’ve done a lot of drilling, and they’ve had a 100% hit ratio, they’re finding gold in every hole.

Now I sent you something interesting recently and you posted it, let me see if I can find it. Okay this was probably the best quote I have ever heard about junior resource stocks, and it comes from Rambus Chartology, of which I highly approve.

“Presently there are just a few micro caps that are starting to show some light, which is normal at the beginning of a bull market. In previous strong bull markets in the PM complex when the microcaps come to life, it’s an expression that went something like this.

Microcaps are like listening to popcorn popping, first one kernel pop then another until the popping is finished. Most of the kernels popped but there were always a few kernels that didn’t. And that will be pretty much how the microcaps will trade when their time comes which is why you need a basket of them. The ones that pop will more than make up for the ones that don’t. This is where you get the 5 and 10-baggers.”

Now I think you and I talked about it, but I’ve said in many interviews over the last six months that the reason junior resource stocks were doing so poorly is all the money had been sucked into the stock market and into the cryptocurrencies and that situation has changed. Clearly the stock market has topped, I believe the cryptocurrencies have topped, they’re much lower now and money is starting to flow back in.

The majors are shooting higher — Newmont, Agnico Eagle — the mid-tiers will go next, and the juniors are starting to show signs of life today.

Now TECT has a giant land position they call the Flat Gold Project; they’re going to be drilling starting next month and I’m not sure it says how big the drill program is but so far 100% drill success ratio, 86 out of 86 at the primary target, Chicken Mountain.

They’ve made a new discovery they call the Alpha Bowl, 46 out of 86 holes ended in mineralization. They are doing a raise right now of $5,000,000, which will totally pay for the drill program this year. This stock, a few days ago I think it had about a $25 million market cap, this should be a giant home run.

One of the things we never talked about, on January 20th Trump actually signed a resolution called ‘Unleashing Alaska’s Extraordinary Resource Potential’.

There are only three ways to create wealth, and everything comes from one of those three ways: it’s either mining, manufacturing or agriculture. We gave away our manufacturing capability to China, we’re killing our agricultural income due to the tariffs, and the only way to create wealth for the United States today is through mining.

So, you’re going to see a lot more help to the mining business over the next year or two under Trump which is going to be a good thing for the industry. But TECT is very cheap, Crescat [Capital] is in the company.

TECT is cheap, it’s not going to be cheap long, they’re doing a placement right now, anybody who’s qualified should talk to TECT and see if they can get into the placement and I think anything in Alaska and anything in the Yukon is going to be very attractive in the next six months to a year.

RM: My stock this week is also in Alaska, and it is in the critical mineral sector – Graphite One, its symbol is GPH.

Aluminium and graphite are the two most important military metals.

Graphite is essential to the functioning of any modern economy and the US has no security of supply for graphite; they depend 100% on China.

That could soon change because of Graphite One. They have plans to mine, manufacture and recycle, all done domestically.

The mine is just north of Nome, Alaska, the graphite product manufacturing plant is in Ohio, their state senator was JD Vance, he’s now Vice President.

In 2.5 years, they expect the graphite product manufacturing plant to be up and running and that’ll use 25,000 tonnes of synthetic graphite to make graphitic products, the plan is to ramp up, adding on 6 more modules.

The revenue from the first model is projected at US$200 million annually, meaning significant cash flow from Graphite One, from its first module.

Now the graphite mine itself is one of the largest, highest-grade graphite deposits there is, and it will supply all US graphite needs for generations and with quite a bit to spare for stockpiling.

What they’re doing is they’re entering a market that isn’t there, the US doesn’t supply its own graphite, they don’t make or refine their own graphite, they get it from China. Graphite One just gave or is going to give the US security of supply in graphite, and graphite-based products, to me that’s huge.

They’ve got a feasibility study that outlines an extremely healthy mine, and the mine is expected to be in production in 2030 to produce natural graphite, they’ve got studies on their manufacturing plant in Ohio that show that it’s going to be extremely profitable. This is all about graphite security of supply. For me being at Cdn$0.95 it’s not an expensive stock, not where I see this one potentially going.

BM: I had done some research into graphite a few years ago, you pointed something out that’s very accurate. Graphite’s one of those magic minerals that is used for hundreds of applications, and it is a critical mineral, Graphite One just happens to be in the perfect position.

RM: We’ll leave it there for this one, talk next week.

BM: Okay, that would be nice.

Bob Moriarty
321Gold.com

Richard Mills
Aheadoftheherd.com

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