Acuity Insights - April Wrap-Up & What's Ahead in May

Dear Acuity Community,

As we spring into May (pun intended), we at Acuity Advisory Corp. are energized by the strides made over the past month, and are gearing up for an even more dynamic month to come. April has been a pivotal time for the industry, with significant movements in the metals market and exciting developments from our partners. Let's dive into the highlights and look forward to what's coming next.

Industry Update: A Golden Surge and Copper's Climb

April was another standout month for gold, marking its third consecutive monthly gain. Despite a slight dip ahead of the Federal Open Market Committee meeting, gold remains robust, driven by U.S. interest rate cut expectations and its continued status as a safe haven. Spot gold, trading just below $2,300 an ounce, illustrates the market's resilience amid fluctuating conditions. Read More.

The story for copper is equally compelling, as it surged past US$10,000 a tonne again. Known as "Doctor Copper" for its economic forecasting ability, its recent price increase signals a broader economic recovery, particularly in China. This uptick in copper prices is setting the stage for increased exploration and mine expansion, given the metal's critical role in the global electrification trend. Read More.

Acuity's Exciting Developments:

• Spring into Action: We're thrilled to announce an upcoming investor event to cap off this vibrant month. Building on the success of our last gathering in October, we're hosting another "On the Rocks" event to foster connections among leading companies and seasoned investors. Stay tuned for event details and be sure to subscribe to our newsletter for an exclusive invite!

• Expanding Horizons: At Acuity, we're continuously evolving to meet the needs of our clients. We've been continually expanding our services to include CEO interviews, investor meetings, conference preparation, and more. Connect with us to discover how our enhanced offerings can elevate your visibility and impact in the market.

Partner Spotlight:

• Sun Summit Minerals Corp. has had a remarkable month, closing a $2,500,000 private placement due to high investor demand. With projects like the JD Project in the Toodoggone region, Sun Summit is on a trajectory toward significant growth and discovery. Stay tuned for an upcoming interview with President Sharyn Alexander , where we'll discuss what 2024 holds for Sun Summit. Read the full release here.
• Inflection Resources Ltd. recently updated us on their Duck Creek project, identifying multiple new drill targets. We caught up with CEO Alistair Waddell for an insightful discussion on these developments and the strategic addition of new team members. Watch the full interview here and catch them next at the premier mining event in Frankfurt this May. Register here or contact us to arrange a meeting with Inflection.

• Headwater Gold Inc. is gearing up for an exciting year with planned drill programs at the Spring Peak and Lodestar Projects in Nevada. They've also welcomed Fraser MacCorquodale as Director, enhancing their leadership as they advance their exploration efforts. Learn more about their plans here.

What's in Store for May:

With a packed schedule and the promise of new opportunities, May is shaping up to be a monumental month. From our upcoming investor event to continuous partner achievements, we're on the edge of our seats with anticipation.

"Success is not final; failure is not fatal: It is the courage to continue that counts." – Winston Churchill

Let's carry this momentum forward, continuing to seize opportunities and drive innovation in the mining sector. Subscribe to stay updated and join us in shaping the future of mining.

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Warm regards,

Jeffrey Wilson, Co-Founder and Partner

&

Roger Blair, Co-Founder and Partner

Vancouver, BC

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