Sprinting Ahead with Gold and Strategic Exploration Efforts

Dear Acuity Community,

With May in the rearview and June underway, we're reflecting on a month filled with notable achievements and significant market developments. The resilience of the gold market continues to capture attention, paralleled only by the excitement surrounding recent events and partner updates.

Market Update: Gold's Olympic Sprint

This month, gold performed like a champion sprinter at the starting blocks, racing towards new heights. The metal hit a fresh peak on May 17, 2024, at $2,402.60 per ounce, amidst a backdrop of shifting interest rate expectations and robust global demand. Nitesh Shah of WisdomTree Europe likened gold's rally to "heading for gold" at the Olympic games, reflecting its strength even as the U.S. dollar weakened and bond yields fell, further enhancing its allure.

Despite a cool-down in the jewelry sector due to escalating prices, investment demand in China surged, with record inflows into Chinese gold ETPs marking a new high in assets under management. The enthusiasm in China contrasts with a more cautious sentiment globally, as global ETP flows have not matched this fervor. Nonetheless, recent U.S. retail and industrial production data misses have reignited hopes for potential rate cuts later this year, adding fuel to gold's fire.

Acuity's Eventful May

• "On The Rocks" Event Success: Our May 28th gathering in partnership with NewQuest Capital was an amazing opportunity for investors to connect face to face with leading Companies in the resource space, showcasing the prowess of Headwater Gold Inc. , Inflection Resources Ltd. , Red Canyon Resources , FinEx Metals , and Conduit Nickel . We thank all the individuals who joined us for an afternoon on the patio at Vancouver's beautiful Acquafarina restaurant, and we look forward to hosting more events in the future. Subscribe to our newsletter to receive exclusive invites to future events.

• Connecting Market Movers: At Acuity, we thrive on connecting companies with investors and vice versa. If you're looking to make significant market impacts, don't hesitate to reach out. Our event program is designed to facilitate meaningful interactions and partnerships. Connect with us to learn more.

Partner Spotlight

Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF)

• May was an exceptional month for Sun Summit Minerals Corp., marked by breakthrough discoveries and significant advancements in their exploration initiatives. The Company successfully identified multiple new high-grade gold and silver targets across the highly prospective Finn to Creek corridor at the JD Project. These findings are part of Sun Summit's proactive exploration strategy, which is set to transform the Toodoggone gold-copper mining district in north-central British Columbia.

Catch our latest interview between Acuity's Courtney James and Sun Summit's President Sharyn Alexander , discussing the Company's strategic plans and the potential of the JD Project, here.

Inflection Resources Ltd.?(CSE: AUCU; OTCQB: AUCUF; FSE: 5VJ)

• Inflection Resources Ltd. made significant strides with their Duck Creek project in New South Wales, now moving into Phase II of their exploration agreement with AngloGold Ashanti. This next phase will see the initiation of deep hole drilling to test a variety of targets starting this month. Inflection's proactive approach and the strategic partnership with AngloGold Ashanti highlight their commitment to advancing their exploration capabilities. For more details, read their latest press release here.

Catch up with Inflection's President and CEO, Alistair Waddell, with Acuity's Courtney James in a recent interview:

Headwater Gold Inc.?(CSE: HWG; OTCQB: HWAUF)

• Headwater Gold Inc. is gearing up for an action-packed drilling schedule for the remainder of 2024, underpinned by the strong backing of their earn-in partner, Newmont. The collaboration sets the stage for an exciting exploration season, starting with the Spring Peak project in early summer, followed by the Lodestar project in the fall. This partnership bolsters Headwater's exploration capabilities, strategically positioning the Company to leverage Newmont’s expertise and funding in a Tier 1 jurisdiction. Learn more about their initiatives here.

What Does June Have in Store?

June is promising to be a pivotal month with the #gold market maintaining its momentum and our partners advancing their key projects. We are enthusiastic about the opportunities these developments represent.

As we navigate the complexities of the mining market, our commitment to fostering enduring partnerships and exploring innovative pathways remains steadfast. Let's remember that resilience is not just about bouncing back; it's about forging ahead with an unwavering spirit.

For those eager to explore what the future holds or to discuss partnership opportunities, we invite you to book a call with us. Together, let's shape a thriving future for the mining industry.

Book A Call or Email Us Today

Warm regards,

Jeffrey Wilson, Co-Founder and Partner

&

Roger Blair, Co-Founder and Partner

Vancouver, BC