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Rick, I believe our readers wish to know just a little bit extra about
you and the way you got here to be CEO of Harvest.
Rick Mark, President and CEO, Harvest Gold:
Properly, I believe we met in all probability 20 years in the past, Rick, once I had begun my
time with a bunch of men who had an organization referred to as Uncommon Earth Metals,
which grew to become VMS Ventures. We had been exploring in Manitoba at the moment.
Throughout that early time, 20 years in the past, individuals got here to us with a shell
firm.
We checked out that and it grew to become Pancontinental Uranium. In that very same
time-frame, as I recall, Rick, we spun out the gold property. I believe
Harvest Gold was a spin-out again then.
It reveals you the way way back it was. And it was a part of our group of
corporations early on. And so, at that time within the workplace, we had
Pancontinental Uranium, Harvest Gold, and VMS Ventures.
After roughly two years the group determined I used to be greatest suited to be the
CEO. I believe that comes from my earlier historical past of being a highschool
principal. I’d additionally led curriculum initiatives for the province. My
expertise actually was in working issues. And I’d simply spent ten
years within the Public Firm house, so I used to be prepared for the function.
I’m comfy speaking to numerous audiences. Within the case of
these corporations, its buyers, its brokers, its geologists, so
I’m comfy in chatting with totally different teams as I received extra
educated concerning the complexities of enterprise.
RM: What did you be taught from all of this?
RMark: Finally, I discovered that I wanted
actually gifted geologists with me, as a result of I’m not a geologist. I
by no means fake to be a geologist. I had additionally discovered deal about
the general public reporting facet of this, which informed me you want a robust
CFO, and also you want a robust company secretary. The underpinnings of
the corporate, if you’ll, are there.
You don’t need individuals to seek out out about your organization by means of
failures of the authorized aspect or the company reporting aspect, and I
suppose we’ve been in a position to handle that extraordinarily properly by means of the
years, and round me over these years I’ve managed to maintain a
sturdy core of geologists.
Neil Richardson’s been with us since about 2007 or 2008 with VMS
Ventures. He’s now the Vice President of Exploration for Hudbay
Canada. He’s accountable for Canada, and he’s a man that
continues to be on our Technical Advisory Board, and one in every of my shut
confidants on something to do with geology, and curiously, Rick,
it’s possible you’ll keep in mind this, Neil really labored on Windfall within the early
days, so the group, as you’ll see on our web site, together with
Director Pat Donnelly, are only a powerhouse group of geologists.
So, over time I’ve honed my abilities as a CEO, I perceive my
accountability and constructed a really sturdy technical group that’s prepared
to go together with me on these numerous adventures.
RMills: You briefly labored in BC and met Crescat
Capital.
RMark: Sure, Harvest has had a current life right here in
British Columbia, the place we mounted a drill program within the Smithers
space searching for near-surface gold. We encountered Crescat, who, as we
all know now could be our largest shareholder at 19.9%, and a really energetic
and clever fund on this house.
Sadly, we didn’t discover that near-surface gold, after which
the final two years, we’ve been combating exhausting to inform the story
of those three nice properties in Quebec, with this group that’s the
essence, the energy of Harvest, and with Crescat persevering with to be
our largest shareholder, to the purpose now, Rick, the place after two
years, we’ve simply accomplished a drill financing.
We’ve a further $500,000 closing from a big European investor,
who will find yourself being someplace round a 9.9% shareholder, and I
contemplate that to be an incredible praise to the group and the work that
we’ve achieved. In order that’s a couple of four-minute overview of the
final 20 years.
RMills: I’ve talked to Neil and some of
the opposite guys, and I used to be at all times impressed by the group. They’re
a really good, savvy, skilled bunch of men, and I’m glad
you’ve nonetheless received them. I just like the continuity.
Are you able to give us a quick acquisition historical past and rundown on every of the
initiatives and the place we stand proper now?
RMarK: Certain, a few years in the past Daniel
Rodriguez, who was CEO of EGR Exploration (TSX.V:EGR), talked to me
about their City Barry property. The City Barry property was
attention-grabbing as a result of it has about 17 kilometers of the City Barry belt
itself.
The deal was very cheap. They had been ready the place they had been
making an attempt to boost cash for his or her Detour West property, and this was a
second property of theirs.
I instantly introduced Neil in, and Neil actually liked the cross-cutting
constructions on the City Barry Belt, on the most important construction working
east-west, he stated, “Look, I believe it is best to choose this
up.”
So, I checked out it and thought, “Properly, we are able to’t construct a
firm simply on that.” However Daniel Rodriguez stated, “I do know
that an organization referred to as Vior who’ve spent about 4 years placing
collectively a mission referred to as Mosseau which may be very near City
Berry.” So, I took a take a look at Mosseau and I referred to as Vior and met
their CEO, Mark Fedosiewich
That was concerning the time you and I talked first talked about Harvest,
two years in the past in August. So, we met Daniel two years in the past, April-Might,
made a small deal, after which started engaged on placing Mosseau into the
mission, and that took, between lawyer delays, numerous issues, virtually
six months, and it was a yr and a half in the past, or maybe a yr and
three quarters in the past, once we received Mosseau. And Mosseau is the spotlight
flagship property due to the work that’s been achieved on it
over a few years.
And Vior took, and other people will not be conscious of this, Rick, Vior took
4 years to amalgamate the varied properties inside Mosseau into
one property. So, what we had been in a position to come up with is the product of
that work. We might not have had time as a small firm to do this.
And so, we made a deal that I assumed was fairly honest with Vior.
It’s just a little bit loaded on the again finish for his or her shares, which
is okay with me. Firms dilute over time.
They’ve been wonderful companions. We’re in control with
all the pieces that we owe to Vior, and we’re getting forward of it,
as we’ll speak about. In order that received us a possibility, Rick, to personal
100% of Vior’s Mosseau mission.
RMills: You introduced on Louis Martin, a French
Canadian, to assist with working in Quebec.
RMark: Sure, Pat Donnely launched us to a gentleman
referred to as Louis Martin, who is basically our chief geologist, our
Quebec-based geologist, he’s a vital man on our group
and is basically working this system round our group of advisors. He was
on a gathering simply this morning with three of our geologists, for
instance.
Louis was in a position to carry his Abitibi, Quebec and French-language
expertise that’s required to work in Quebec. And he is aware of all
the gamers within the trade who’re key to our success.
Someday, Louis says to me, “You recognize, right down to the south of
Mosseau is unstaked floor.” And that’s what we ended up
staking and naming LaBelle. And on that now 100% owned property you
see an extension of the constructions that run proper by means of Mosseau.
RMills: What’s the Kiask River Mineralized Hall
and the way vital is it?
RMark: The Kiask River Mineralized Hall is the
main construction that runs by means of Mosseau all over LaBelle.
By the way in which now we have now flown La Belle, and the magazine particulars are coming
quickly.
So, we now are in possession of about 50 kilometers of constructions in
the City Barry Belt space. The Mosseau, City Berry and LaBelle
constructions, as Quinton stated famously in an interview with you in July, are the mirror picture
of the construction that holds the Windfall deposit and the opposite
deposits on that aspect, which gave us nice confidence.
So, we now have the chance to personal 100% of fifty kilometers of what
we contemplate to be a vital through-going construction on this
space. And we’re now very massive landholders within the City Barry
Belt, surrounded, by the way in which, by Gold Fields (NYSE:GFI).
RMills: Inform us just a little extra on Vior and Osisko
(TSX:OSK) and the Gold Fields’ transfer into the realm. I believe
it’s vital for our readers to know who we received Mosseau from,
you wished the items to construct an organization on, and also you went to Vior.
RMark: Properly, what’s vital to the story
is that Gold Fields arrived within the belt. They first started speaking to
Osisko Mining about Windfall and the properties that Osisko Mining
owned within the City Barry Belt, I believe a few years in the past is secure
to say, possibly longer. They usually introduced their intentions, I
don’t know, a yr and a half or so.
After which someday maybe 9 months in the past or so, maybe a yr by
now, they made the deal and successfully valued Windfall and all of the
properties at $4 billion. And in order that gave us instantaneous credibility, as
you possibly can think about. Should you take a look at our web site and one in every of my favourite photographs reveals mainly Gold Fields
proudly owning the entire City Barry Belt round us.

So, Gold Fields not solely purchased the Windfall deposit, however the entire
exploration floor that Osisko Mining had constructed over various years
on this space.
Now, what’s additionally attention-grabbing is that about January, a scenario
was arrange between Osisko Mining and Vior. And it was what I’d
describe as a really pleasant administration takeover of Vior.
So, I suppose the senior managers at Osisko Mining had been searching for
one thing to do. They talked to Vior and positive sufficient Vior stated,
“Properly, why don’t you come and run our firm?” And
Mark Fedosiewich, the CEO of Vior at that time, was fairly blissful to
transfer to the function of chairman. He had constructed Vior, achieved all that nice
work.
He was at a stage in his life the place the transfer to chairman was
wonderful. And he knew as a really loyal shareholder that bringing in
the Osisko Mining guys would give all of them the credibility they may
ever have with Osisko Mining’s expertise and that’s
together with creating Windfall right into a $4 billion asset. So, we now have
companions in Vior who embrace the Osisko Mining senior administration.
They know this belt. They know Mosseau. They know this space. And
they’ve been aiding us by staking floor to the south and the
north of Mosseau, for instance, and together with it in our deal.
We’ve received good, skilled companions in Vior who’re very
comfy I believe with our group doing our job, which is to develop
Mosseau.
In order that’s the umbrella image. It’s unbelievable, actually. I
liked the story when it was simply Osisko Mining and Windfall, Rick, however
for Gold Fields to come back in and spend $4 billion to personal the belt and
the deposit after which to get the additional kiss of the ex Osisko Mining
guys to be our Vior companions it’s simply form of this unbelievable
story that from what we talked about two years in the past, once we took on
City Barry and we had been discussing getting Mosseau into the fold.
I’m very pleased with the place we’re immediately.
RMills: I believe there’s been a few
very, I’m going to name them sensible strikes. I’m not arm
waving as a result of issues have labored out fairly spectacularly for Harvest
Gold and also you’re the CEO. You may take lots of the credit score for it
in addition to the group that you just’ve managed to place collectively and preserve
collectively.
Now, what I like is when Quinton Hennigh of Crescat stated this was a
mirror picture of the Windfall; he meant lots of the exploration and
the cross-cutting constructions and all the pieces.
I take a look at this and I take a look at Harvest Gold and we would have a mirror
picture to a $4 billion mission. I wrote my first article in August of ‘24 about what you had, what you had been doing
and what you place collectively during the last yr since we had first talked
about this.
I take a look at this and I believe a lot has modified within the junior market,
you’re beginning to see cash stream down into the juniors. Give us
just a little little bit of your tackle how the market’s modified.
RMark: Properly, you understand, frankly, I believe
it’s during the last three months actually the vitality has modified.
And the gold worth of $3,600, it definitely has helped the juniors
getting financed and aggressively financed. So it’s actually one
of those offers, and also you’ve been within the enterprise lengthy sufficient as I
have, the place you form of have to hold in there till the following wave goes
up on the shore since you’re nonetheless paddling on the market beating
the surf and making an attempt to get to shore and making an attempt to outlive and, you
know, no matter you are able to do to maintain your self afloat, actually.
I imply, we needed to do a small bridge financing in April as a result of this
similar European investor now stepping up, received spooked by the Trump
tariffs in April, as lots of people did. And so, I believe there now could be
a marketplace for good exploration tales, and we’re a extremely, actually
good exploration story.
After all, what we’re hoping for is strictly what you described.
There’s a $4 billion asset sitting over there. Are we the mirror
picture? That’s an incredible query. We do have a through-going
construction. We do have cross-cutting constructions. We’ll discover out.
RMills: The quantity of labor that has been achieved on
Mosseau is restricted, the quantity of labor achieved on the opposite two land
packages is nearly nil.
RMark: Numerous the property bundle has by no means been
labored, some a bit, the little little bit of drilling that has been achieved has
not been deeper than 250 meters.
No one actually is aware of something about this but. Should you take a look at the
drilling at Mosseau within the ‘80s, it was achieved by totally different
corporations. It was sporadic. It wasn’t ever achieved with
immediately’s expertise, and we had been in a position to consolidate the info
associated to the historic work that had been achieved, which our group has
achieved, forward of our drilling.
I believe we’re ready now the place juniors have a shot, and
viewers constructing is at all times a problem. I believe we’ve received
individuals very skilled serving to us with that.
Finally, outcomes matter, and a dedication, Rick, by these larger
teams who aren’t going away. Crescat has cash to maintain
financing us, which they’ve achieved each financing. This European
group desires a place to allow them to proceed to help us.
The 2 Quebec exploration funds, SIDEX and NQ Investimente have now
invested and are supporting us, they usually have the cash to help us
once more. All of that’s about relationship constructing, which began with
my preliminary contacts with them, after which their time with our technical
group. They should have consolation at their administration degree after which at
their technical degree that we are able to deal with the cash; we are able to spend the
cash correctly.
However to ensure that them to even discuss to us, they must say, “You
have an opportunity,” and I believe we do. One factor I’ll say is
that the gentleman who runs NQ, lovely man, he says, “Rick, I
take a look at all these northern alternatives as a result of we’re trying
for tales we are able to help within the north of Quebec, and there aren’t any
corporations with properties, no less than only a few I’ll say, with the
properties, the dimensions that you’ve got.”
So, we do have actual property. We do have sizeable actual property. We personal
it. All issues going properly right here we’re going to place ourselves in a
place very quickly the place we’ve confirmed 80% possession of
Mosseau, which is how the deal was constructed. Yeah, I’m blissful that
the market has caught up with us, and we did cling in there ready for
the wave, and I believe we’re on shore now.
We’re going to announce just a little bit extra work with more money
we’ve raised, and I like the place we’re.
RMills: You may by no means predict what’s going
to occur, however actually this market cycle is not any totally different than any
others we’ve been by means of. The value of metals rise, the majors
transfer, and it comes down into the mid-tiers, after which the juniors transfer.
Proper now, there’s only a dribble coming by means of the dam to the
juniors. It’s beginning to choose up. By means of the primary six months
of this yr juniors had been in a position to elevate extra financing than they did
in all of 2024.
In order that’s a extremely good signal. However when the floodgates actually
open there’s going to be an enormous amount of cash come into
this sector and getting positioned in lots of juniors proper now could be
in all probability a wise transfer.
I didn’t play in BC with you, however I’m definitely on board
with what you’re doing right here in Quebec. I believe we’re simply
getting began on this metallic cycle.
What excites me about Harvest Gold is that you just guys have initiatives that
actually may ship substantial deposits. You’re not simply
working round writing press releases and, you understand, take a pattern
right here and take a pattern there. You guys have gotten initiatives that would
ship lengthy intercepts of some actually good grades, and we may
actually construct off just a bit little bit of success, and that’s what I
like.
Should you had been a retail investor and also you had been taking a look at this, why would
you put money into Harvest Gold?
RMark: Properly, I believe you’re making the
level. I’ve stated earlier than, Rick, that in one of many bullish-type
junior markets, in case you say we’ve received 50 kilometers of strike
size, we’re within the Abitibi, we’re in Quebec, we’re
in a belt that’s now owned by Gold Fields, they’d be
saying what’s the image? That’d be sufficient. Come on, that
could be sufficient.
The attention-grabbing factor is that was sufficient for Crescat. Should you take a look at
Quinton’s preliminary feedback on the constructions, properly, we heard the
Osisko Mining guys referred to as it through-going constructions, which I like.
The through-going constructions of those properties.
Louis refers to them as strike lengths. I don’t say that. I imply
that’s a reasonably aggressive time period.
All of that, in the correct political jurisdiction, in the correct
geological surroundings, that’s the Abitibi, you don’t have to
know any extra, Rick. Now, are the blokes working the deal straight up or
are they simply promoters? I believe we’ve confirmed we’re critical to
the market.
Have they got the technical group that may get to the reply if there may be
a solution? I believe we’ve confirmed that to the market. And we additionally
have supporting that technical group, Quinton and Crescat. You recognize,
once I discuss to Neil, he’s received a $50 million exploration price range
for Canada yearly, I’m speaking to a man who runs superior
drill applications. So yeah, I believe we’re all the pieces that one would
say, “I’ve received to personal this inventory.”
You don’t personal one junior inventory. I imply, that’s nice if
you do and you like Harvest. However the guys that we’re speaking to
personal a whole bunch of this stuff, or 20s and 30s or 80s of them. They do
that as a result of they know the percentages of success are nonetheless lengthy.
However we’re placing collectively one in every of these nice checklists the place
all the pieces till drill outcomes says the field is ticked. And I do suppose
that’s the case. After which drill outcomes are going to be
attention-grabbing.
We all know it takes lots of time to discover a deposit. So, it’ll be
as much as us to create a price proposition out of our drill outcomes. And
let individuals know that we’re advancing these properties.
In an ideal world like with VMS Ventures, you get a drill consequence that
shocks the world. Then you definitely by no means have to market your organization once more
as a result of your complete world is aware of you’ve received an enormous strike
earlier than actually the ink is dry, in case you like. Now that’s an outdated
analogy on the press launch.
So, we’ll see. We’ll see as soon as we get drill leads to, who
we’re within the subsequent section. We’re at work. We’ve received cash
within the financial institution. And now we are able to go about constructing this firm and making
discoveries.
RMills: I talked earlier than about shopping for a handful
of popcorn kernels and also you throw them on the warmth. You recognize a few of
them are going to pop. A few of them aren’t. And that’s why
you’ve a basket.
However you continue to must be a inventory picker in selecting the businesses that
you place in your bag of kernels. As a shareholder it is best to know that
you’re getting the perfect initiatives, the lowest-risk profile, the
lowest-cost publicity, and a lot of the cash goes into the bottom
in order that the exploration group can really make discoveries, as a result of
true wealth on this sector is created on the finish of the drill bit.
And what I like about Harvest Gold is you guys are going drilling and
you’re not going to stop going drilling. I take a look at the cash
you’ve raised, I take a look at who’s backing you, I see the
warrants to be exercised and I do know the cash is there and I do know
you’re going to spend it on drilling so for me I’m trying
at staying on this firm and see if we are able to construct one thing and
that’s the place I wish to be.
I don’t suppose there’s something we missed right here, Rick, is
there something that that you just suppose we have to cowl or possibly put a
wrap on it right here?
RMark: No, I believe we talked concerning the issues
that matter.
RMills: It was nice speaking to you and thanks
to your time.
RMark: Okay nice job, respect it, Rick.
Richard (Rick) Mills
aheadoftheherd.com

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