Headwater Gold – Centerra Gold $25M Earn-In at Crane Creek
We’re joined by Caleb Stroup, President & CEO of Headwater Gold (CSE:HWG | OTCQB:HWAUF), to discuss the newly announced $25 million earn-in agreement with Centerra Gold on the Crane Creek Project in Idaho.
Key Highlights
- Centerra Earn-In Overview
A three-stage structure allowing Centerra to earn up to 70% of Crane Creek:
• Stage 1: $10M over four years (including $2.5M guaranteed) to earn 51%
• Stage 2: Additional $15M to reach 60%
• Stage 3: Completion of a PEA with a 1Moz gold resource to reach 70%
The deal also includes a 1–2% royalty back to Headwater. - Geological Potential
Crane Creek hosts both bulk-tonnage epithermal mineralization and outcropping high-grade veins, offering strong discovery upside. - Initial Work Plans
Early work will target the Consolidated Vein Zone while testing step-outs to better define the system’s scale. - Additional Drilling Underway
Active programs with OceanaGold and Newmont continue, with results expected into early 2026.
Please email your questions for Caleb to us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Headwater Gold website to read over the recent news.
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice. Investing involves risk, including loss of principal. Consult a licensed financial advisor before making investment decisions. Guests and hosts may hold positions in mentioned companies.
Wolfster, I tried to warn you a long time ago that court decisions are impossible to predict, when something like this happens the best thing to do is to sell and move on. This is a learning lesson that all investors must figure out. It is similar to understanding a politician none of them are honest if you aren’t a liar you won’t get elected. DT
Its like what is happening with the tech companies the real economy is in the dumpster but people refuse to see the homeless tent encampments that have taken over the parks where children used to play. The tech companies are a train wreck looking for a place to crash! Get off your phones they are wrecking your posture and destroying the life we once had with a prosperous middle class. The twilight zone is where we now reside. An episode that was made in 1959 takes place in the country, a middle aged man is driving an English sportscar that is breaking down so he pulls into a service station and the attendant tells him to walk into the town nearby and when he comes back his car will be fixed. When he reaches the town he realizes that this is where he grew up. I don’t want to tell you the rest but he isn’t living in the same world anymore. DT LOL! 🤣😊🫵
No one that was familiar with the evidence presented at 3 levels of Court, including two appeals courts that reviewed all the facts saw this verdict coming. One of the Appeals Courts added 6 additional defendants. The ruling so far has been lacking in details which legally describe the Courts thinking for going counter to the reviews of 3 levels of courts and 5 Judges. Cases that go to trial in Spain after the three level review normally have a 5% or less chance of succeeding at trial. Seems this case with 16 defendants has some unforeseen merit not seen by the other Judges. Of course, the defendants were charged with corruption in the award of AZN so we are talking the wealthy, politicians, government employees and a lot of money. There was no real defense except for denials. US is trying to adopt the Spanish System as a model (that’s humor). There is a possibility that the Administrative Court which is responsible for awarding AZN could still award AZN to EMO as they have a lesser “standard of proof”. They only need to determine that crimes were committed in the award of AZN. They don’t need to prove who committed the crimes. The Appeals Courts already indicated their belief that crimes were committed. However, if corruption holds a higher status in a Country’s legal system, then it is possible that the law is moot. (Thus the comment above about the US .). Although it now looks slim that AZN will be awarded to EMO despite being the only qualified bidder, they still have extensive resources worthy of continuing to invest in the company. Spain has to be embarrassed by the decision and EMO investors are extremely disappointed.
Nothing is worse for a stock than uncertainty and especially when it involves a court case, if you still like the stock get out of the way until a final decision is made, you can always get back in but if you are an investor the preservation of your capital should be your first concern. Don’t try to judge these cases on what you believe as a person is right or wrong or how you think, you are not in charge you are just a pawn in the game. Buyers beware is something you hear regularly and when you have no say in the outcome you must get out of the way until that final decision is made the risk is just too great. That is basic investing! DT
Really bad news almost always comes out on a Friday usually after the markets are closed or about to close, you as an investor didn’t get a chance to react, not that it would matter to any but a few. That should say something to anyone who is a shareholder. DT
Good advice generally but EMO halted in the morning before the news released to the general public. However, price has been beat down since March 2021 when it was over $3 US. It declined whereby those that exited over the last 4 years were able to reenter below $.50. Newcomers that entered after the best down started , may be under water when the parasites attack when the halt is lifted. It will be a buying opportunity as without AZN, there are projections of several dollars in the current bull market as EMO was taken down before the verdict. The ones that are hurt are those that bought for fair value during the 4 year walk back. Check the projections on IBW alone which may have aa much potential as AZN. This is a company with many metals that are on the critical list and/or shortage list. Everything about Emo is a target from corrupt entities. If there was little going on with the company, the vultures would be feeding somewhere else. Emo also has had an orchestrated attack against it during the trial period that surfaced during trial. Tapes were produced that went to the highest levels of government. Obviously the fact that evidence of corruption and conspiracy was blatant, but involved influential personalities … under weakened societies, justice becomes difficult to enforce. We see this daily in the US where the legal system at the Federal level has been co-opted and there is a void of any agencies to pursue fair resolution of illegal processes. The US is obviously not alone. But… there is an on-going positive thesis with Emo because of AZN being additive but not determining a favorable outcome. It does require diligence in view of the excessive special interest intervention.
Lake, it doesn’t matter when it was halted the news release came out at the close of todays trading. A lot of people were following EMO but like Pure Gold it might never recover and their property may change hands. WRLG still has a stigma attached to it from the days when Pure Gold owned The Madsen Mine. A lot of investors got burnt and many of them still pop up on the Bullboards lamenting their loss never to return. West Red Lake Gold will be a success but the fact that they inherited the drag from Pure Gold makes them an underpriced valuable asset for now, which means they are a bargain at their current share price. This is just my opinion on WRLG. DT
As you said Lake the IBW property alone worthy of investing in the company based on where price is now. Canaccord released updated price target of $2.50 after the judgement and that’s why I’ve been invested in EMO. You were getting the potential for AZN property for free if you actually researched the company and understood the assets the company already held.
(Another post before this is wandering in the wilderness) But, think of this also: Eric Sprott bought in recently and I would think he had an expectation of AZN being approved but knew it may not. It will be interesting to see how he handles it. But Sprott was also an active supporter of “Make Canada Mining Great Again” because he was keenly aware of the threats of lack of Regulation of Naked Shorting. Corruption is rampant across the spectrum of the investing world. The US General Markets are on the longest (over valued) upward run of pricing in its history. What keeps those markets unresponsive to fundamentals is government and managed money unregulated electronic intervention. But investors still hold out hope of finding a way to better themselves. Are they to be held accountable or Eric Sprott for taking risks when everywhere they turn, various forms of corruption are controlling the technical and fundamental opportunities available to move forward rather than surrendering and settling for surfdom. No … the issue is will Emo continue to be punished by the “accepted corrupt system” because of the intervention by not only all those involved in trying to steal the award of AZN but now after the loss of an additive property, be punished again by speculative managed money who intervene without regulation. The investor is not at fault for seeing the base potential of EMO … and continues to invest. It is the investors that don’t object to the various corrupt practices in all opportunities and sit back and accept corruption as a fact of life and a cost of doing business. Without law … investors will become without property.
You will never learn that manipulation and corruption have always existed in all markets all the time, this will never change, it can’t because of the nature of man. If you can’t accept that it will eat away at your soul. Humans are flawed machines can be made to react in predictable patterns our species cannot exist otherwise. DT
There were numerous laws and regulations
adopted followimg the Crash of 1929 in order to reduce the unbridled corruption that lead to the Crash. They had to do with monopolies, banking, commingling of funds , regulatory oversight, conflict of interest, fiduciary duty, insider trading, market intervention,campaign contributions, special interests, just to name a few. All those protections were systematically removed by special interests working with politicians over a minimum of 50 years in order to transfer wealth and concentrate powe. Yes … there has always been corruption but removing all over sight of the economic system and transferring wealth of all forms to a few is not manipulation but the biggest criminal theft in the history of the World. It did not have to happen and it can be fixed.
David: RICO !!
RICO would apply but unless something has changed, they are all Federal Statutes. We have no Federal Law Enforcement Agencies (investigative, Prosecutorial or Courts) that have not been compromised. States can’t bring RICO cases in Federal courts without Federal cooperation. States must frame them under state criminal statutes.
“We have no Federal Law Enforcement Agencies (investigative, Prosecutorial or Courts) that have not been compromised.”
Exactly. You have clarified Necessity. BDC
Hi Tony, you know what all of a sudden gold has become more important than any other metal on the planet. The rest of the governments of the World will be rushing to buy gold to put their countries back on a gold standard. DT
Wolf:
Argentocaap put up an excellent post on ceo.ca emo concerning his views on the situation. He sat in the Courtroom and witnessed events and can verify the disconnect between fact and the verdict.
In review of ArgentoCap’s comments, there was over200 pages of court comments. Significant was that the Criminal Court made a point of separating criminal and Administrative Laws and Regulations. It sounded like the Criminal Court emphasized that although they felt the evidence fell short of the higher standards for criminal convictions,It should not affect the Admin Court in applying the evidence against the lesser proof standards of the Administrative Courts and should review the information accordingly. They were stating in essence, that the Criminal Courts and the Administrative Courts were different animals for different purposes … sounds like game on for AZN still going to EMO
Certainly didn’t see that judgement coming let alone the harsh condemnation by the judge as if there was never any questionable or shady dealings. Will hit EMO price hard once it’s up and trading again. Pretty sure it’s an over reaction compared to the asset value of the existing properties in EMO but it will be a long road to recovery for the share price. That financing they did with Eric Sprott and others at around $1 looks brilliant now.