 I'd love to welcome you back to the Independent Investor channel for another exclusive interview here with CEO Stallion Discoveries, Mr. Drew Zimmerman. He's been kind enough to come on, provide us some insights on what has been a very busy month, lots of news forthcoming with the company. Drew, welcome back to the channel here. Welcome. I know the viewing audience is thirsty for information, and I thank you coming on, providing that color on what has been a very, very busy month at Stallion. Drew, welcome back to the channel. Absolutely, and thanks for the opportunity to be on with you, Ryan. Always appreciate it. Good stuff, Drew. We have been covering Stallion Discoveries and the work in the Athabasca will kick off this interview, and this is something that I have been absolutely curious about. There's been significant survey work done in the Athabasca on your properties, and I was hoping to get a little bit more color around the status of that survey if we could, and I know the viewing audience would absolutely appreciate any information that you have forthcoming on that currently, and maybe potentially where we're going later 2023. Yeah, absolutely. So we have finished the data acquisition phase of that survey, so what that is is that was a helicopter in the air flying over 195,000 acres, so a significant land portion. That's the land that we own 100% of in the Athabasca basin, so that process is done. They've now processed that data over the last month and a little bit, and we're working with Condor Consulting, a key company that's been really good at processing and interpreting the geophysical data in the Athabasca basin for the last several decades, very highly regarded, happy to be working with them, and they're going to take the next several weeks now to really take that data, give us our conductors across our property map out where our key target zones are, potentially narrowing down as far as drill targets, but likely just giving us those target zones that we'll look to follow up on. But I mean, the important thing here is we're following a roadmap to discovering the Athabasca basin. It's not something that we have to recreate. Companies have been exploring here for 60 years, we're just, we're taking it, we're adding new technology, new knowledge that we have, and what we're going to be looking for on the back of this geophysics study is the analogs. How does our project set up to look similar to other projects where they've made discoveries, where are some differences, but again, where do we find our best opportunities, and to be able to set ourselves up for the highest priority targets. So it's going to be a pretty exciting time in a month or so when that data comes out, looking forward to those maps as much as anybody. And we're really going to be looking forward to being open with the capital markets. We think the markets and our investors are going to be as excited as we are when we're sharing this data because if they understand what we're doing, they're going to see the value that we've been creating through this process that we're going through. So again, being very open and transparent with our exploration efforts as we go, we think we'll continue to create value and again, hopefully our investors are as excited as I am to get those maps back. Well, I think in no short order, it's going to be extremely contingent upon those results and Condor is a who's who in the industry. And we will be eagerly anticipating those for those that are unfamiliar with the stallion discoveries opportunity and what you guys are trying to do and, you know, neighbor with established players who's who in the industry. And those who are unfamiliar with the Athabasca region, can you just kind of double down a little bit and discuss what the commodity, the hot commodity is that we're going after up there in the Athabasca, which is prolific and world renowned. But for those that don't know, can you add a little color on that, Drew? Absolutely. I mean, we are focused on finding big resources. We set ourselves up and everything that we do to do just that. We followed that checklist again fully in the Athabasca basin and excited to be in the uranium space. It's a space that we got into because we see not only the next months, the next three months, the next two years, three years, but the next decade is being an incredibly great place to be for the uranium sector. We look at right now spot prices been moving higher over the last month. Some of the equities are trying to catch up. We do have some of the bigger players like Cameco moving to recent highs, not coming down into the junior space just yet. But again, with geopolitical issues, with the fact that we need to move to nuclear power to get to net zero by 2050, again, a zero CO2 emitting baseload power source, something that we just really need, especially as we move into electrifying the economy even more and increasing our demand on electricity. And then the potential ramping up of SMR technology and actually getting SMR technology into the power grids and the fleet we think will increase demand for uranium exponentially. That really isn't in a lot of the demand models as we see right now, but already supply demanding incredibly tight uranium space and more demand coming online. And as we know, mining does take some time to bring some supply online. So again, starting early stage exploration like us, we think that's where it has to start. Those dollars need to be invested in those exploration efforts to find the commodity. And that's been part of our strategy. We are in the Athabasca basin because it is bar none the best place in the world to be looking for uranium. Kazakhstan produces half of almost half of the world's uranium right now at a 0.2% average grade. Kanako is producing out a cigar like it over 17% average grade. So for us, it's the best real estate in the world and it's why we've gone out and acquired a lot of real estate in that area. We think that's one of the levers that our company has to this uranium market when it starts to heat up and investors start to see the value that we see in it. But it's also the fact that the economics of when you make an exploration discovery, you want the potential to be, you know, game-changing for your company. And that's what we can see with the economics of these high-grade, large uranium deposits that are found in the Athabasca basin. So the return for our shareholders on a discovery can be incredibly significant. Absolutely. I really appreciate the color around that, Drew. That's fantastic. Talk to me a little bit about the joint venture with Atha if you would. Yeah, again, so just coming back to our strategy of really wanting to acquire a lot of real estate in the Athabasca because it's the best real estate for uranium exploration. So we already had 195,000 acres throughout the Athabasca that we own 100% of. But we've just struck a deal to earn into a 70-30 joint venture with Atha Energy. So by giving them 3.3 million stallion shares, so they'll be a good shareholder of stallion, and then spending $12 million in exploration credit over the next five years. So again, $12 million that we will put into the ground in our exploration efforts ends up with us having 70% of that joint venture with Atha holding 30%. So it's a great way for us to earn in. We're not paying any cash to Atha. Atha gets exploration done on their land and we have big economics on the upside potential of it. So with that land, we now have almost 750,000 acres throughout the Athabasca basin. It's a stunning land package. We have the single largest exploration package in the Western basin where we're focused where we think there's the most potential. It's an under-explored area and we're really looking forward to getting out there and continuing to do a lot of work to create value for our shareholders. For you guys that need a picture of what Drew is talking about, I'd invite you to stalliondiscoveries.com. You will see there in the east and west sides of the Athabasca basin an overlay of the massive land package that Drew is talking about and it is nothing short of impressive, Drew. You guys have accumulated that the key now really is to unlock the value in this big land grab that you guys have been involved with and I think that's really going to unlock and if I would go so far as to say to probably be the catalyst to start to unlock that value that me and you know is there. Unfortunately, I think we talked a little bit before coming live here about the equities markets and the capital markets not seeing it that way and it's really been a tough go in 2023. Even with the run up in just a few of the large tech names with the high interest rates, I think we talked about the potential perception that there's a squeeze on capital that may be available to smaller companies out there for stallion discoveries. You guys just wrote another private placement deal as well so is liquidity a problem for you guys and if you want to talk about a little bit about private placement, I think the shareholders would probably benefit from that clarity, Drew. Yeah, absolutely. Here in Canada we've got several mechanisms for tax incentivized investing and that's what we launched with this latest four million non-brokered private placement was a charity flow-through mechanism and a traditional flow-through mechanism. So again, both tax incentivized programs that allow for less dilution on the corporate side for us and again taxable benefits either for charities or the individual buyers of the traditional flow-through. So we did do a regular hard doll or four million non-brokered private placement in February so again still have a couple million dollars in the Treasury. We're not starving to bring money onto the books but for us it was the tax incentivized structure that made a lot of sense because those dollars need to be spent on Canadian exploration and that's where we're focused. That's where we're putting all of our time, energy, effort and capital right now. So to raise the flow-through dollars that are less dilutive and be spending those for our exploration efforts especially now that we've got a significantly larger land package with the app, the joint venture, being able to spend those dollars just makes a lot of sense. So that's why we've gone out with the recent private placement that we launched last week. So we've got liquidity. We've got one of the biggest, most robust land packages. We're going after one of the most valued commodities on the earth in the most prolific region on the earth. Did I summarize that correctly? In the past one month the stock is down 35%. In the last five days the stock's down close to 27.5%. I put that out there. I've known you a while. You're a friend of the channel here and your explanation I wanted to give you kind of a crack to maybe respond at what I see in the company and the unlocked potential in the five major categories that I just placed as a value proposition overstallion. What gives? Why the disconnect Drew? I'll give you an opportunity to maybe summarize a little bit more of the geopolitical pressure or maybe just a doubling down of the tough financial markets. We've found ourselves tranched in in 2023 and what potentially might be the catalyst to move us beyond this state and really start to unlock that value. Yeah, absolutely. Never a good thing when the share price is under pressure. The capital markets are where we find our funding to be able to do the exploration efforts that we're taking on. So always a vital part of our business model and the selling obviously has been tough and I think it is a bit of selling to get some selling. We've been one of the stronger names year to date so we always get a bit of a target on our back I think with that especially if there's more fear creeping into the general market and especially the junior marketplace and it does seem that some selling does just bring on a little bit more and we are seeing I think the volume on the selling side of 8 a little bit which is great to see. So I think some of it is general market and then of course launching a financing. A lot of the time the market does tend to pressure you down to some of those price points on the financing which we have to be aware of but again I would say the investors that are taking place in the financing they do have a warrant upside as well so there is a little bit more upside on that for them but yeah it's been a tough market and again in these times I like to remind everybody that we still have capital in the Treasury we're bringing in extra because we've got such a robust pipeline of work to do that we think creates an incredible amount of value going forward and it is a little bit of not ignoring what's happening in the stock market because it's important for us but really just continuing to put our heads down and go to work and as I said earlier just really trying to be clear with the market about what we're doing about the results that we see coming in because I think if they understand what we're doing and understand where we're going they're going to see the value that we're creating and the value that we see and see the excitement that we have with what we're doing and again I think that will come back around and get reflected in our share price again but again it takes a little bit of time sometimes. That always takes time and it's a it's an unfair question to be honest with you in the acute it is one of the tougher questions to ask of a CEO you know who I feel like is indefinitely in charge of driving the shareholder value and the disconnect I see is that I believe that you're doing that Drew and so I asked the question somewhat tongue-in-cheek and look to define a distinction or a separation between the stock action and what you guys are doing behind the scenes so I really appreciate that. If we want to shift gears for a second you can kind of give us an update on the American portfolio both Nevada and Idaho if you'd be so kind and the developments for the Horse Heaven if you would Drew. Yeah absolutely again been a little bit since our last interview so lots has been going on lots to dig through. Amen. We did announce the 100% ownership of Horse Heaven so we did our final earn in on that property so we do own it outright 100% now very excited about the potential of what Horse Heaven has in central Idaho again positioned right next perpetual resources perpetual we think is taking the final strides moving towards permitting looking for their draft record of decision to build what's going to be one of the largest open pit independent gold mines in the United States six million ounces in the ground great costs on producing so very economic and you know their share price over the last five six months has really started to move on that and again now that I own that property outright I've got a low CapEx strategy for it where we can largely you know do a little bit of structural mapping and additional work but again really just sort of sit with it and and we're just in the final stages of of a 19 pad drill plan that once we get that permit again that's something that will sit on just until perpetua gets their full go ahead because we think one our property right next door being permitted for drilling and ready to go will be worth more and two those drill results when we do decide to start drilling it will be worth a lot more when there's a brand new mine being built right next door so again for our shareholders good optionality to the gold space tremendous strides being made right next door creating value for us without us having to do a lot of the heavy lifting which which goes a long way and it's a it's a similar narrative in in central Nevada where we have our Richmond mountain project it's right on the border of I-80 I-80 has just been a incredible success with the the drilling that they've done over the last year they'll be putting out a fresh resource on their Ruby Hill project that's already got seven and a half million ounces of gold in the ground I think you know we're going to see that number increase a fair bit when they put out that new resource which is exciting but they've also got a new CRD target which is high grade zinc lead and silver and that moved them to acquire pay core minerals earlier this spring for 105 million Canadian pay cores on their south border we're right on their eastern border so we're going to be doing a geophysical survey out there this summer the same survey that I-80 is going to run on their property so really looking to see if that mineralization as much as it moves south which is why they they acquired pay core if it also moves across their eastern border which we think it does there's a big geological intrusion right between our projects that's sort of a center post to that thesis so again doing some some work that doesn't break the bank you know but continues to create value for us and and again more value getting created by the fact that I-80 has five active drill rigs going right next door so again a lot of work happening in close proximity that we're not paying for and again as that value becomes more prolific and as this district gets more and more attention again our Richmond Mountain project continuing to gain in value so for us near-term very low capex on both our gold projects but you know significant potential and optionality they can come into Stallion by continuing to hold both of them and do a little bit of work to progress them as the neighbors really do a lot more work for us. Absolutely I think sometimes maybe the perception is we do these huge land package grabs and it's hard to imagine what type of progress is happening in other words do they just acquire this land and does it remain static I failed to mention the diversity amongst your land holding portfolio the golden antimony here in the States and then the uranium package up in the Athabasca so I'll just I'll throw that in the pile as well I'm a little frustrated when I watch the stock price and you guys are doing such good things Drew so with all that going on the progress on both the the condor extrapolation of the data going on right now and we'll eagerly await those results and then you know the smaller you know capital preserved package on the drilling here in the United States how is it that we can expect to to roll up Stallion discoveries here in 2023 and kind of put a cap on where you see the company back half of the year Drew? Yeah absolutely I mean we've got a lot of work to do in in the next six months nine months but again it's going to be an incredibly exciting time for us starting with the geophysical results that we're going to be getting out of the Athabasca basin that will likely coincide with us kicking off the the flying of another airborne survey over the the JV ground that we've acquired so again starting our roadmap sort of all over again with that land as we continue to drive value on on the land we've already started on and if that needs the advanced geophysical surveys on the ground we'll do that later this summer with the intent of being able to permit and mobilize drill crews as things start to freeze over so that will likely be into the end of this year again in the northern Saskatchewan area it's a lot of lakes can be a lot of bog and that sort of thing so yeah the very cold temperatures while you think it would be not ideal for for working in they actually provide good mobility and access to some pretty remote areas where we have these projects so that's the roadmap for the Athabasca basin and and again like I said we'll be launching a geophysics survey down in Nevada and and getting those results back early fall so a big information push on on that Richmond mountain project as well as looking to get our drill permit for Idaho not that again we're going to act on it but it will be a very key card to have up our sleeve for the Horse Heaven project as Perpetua continues to do the work that they're doing next door so a lot going on and a lot of work to be done but again we're in a good place with this new flow through financing that we have that we'll be able to allow us to put our head down and and get through the work in the next six to nine months and again the the Treasury that we still have a couple million in the hard dollars to be able to do the work in in the US and in all of our corporate expenditures as well so in a good place to really move through a couple of good catalysts and and again in the Athabasca basin I like to stress that you know we're taking large underexplored land in the best jurisdiction we're you know sharing our borders with next-gen Kamiko Orano the recent ultra high-grade discovery of F3 uranium we're right next to that project the PLN project so in the right neighborhood we have every chance that you know several high-priority targets and as we prove those analogs out even just from this geophysical survey we've taken what was you know a large underexplored package and made it that much more valuable already so really excited even just in the near-term catalyst but yeah especially you know when we get really into it over the next four to nine months as well. Now we were a little bit overdue on this update Drew and I do want to thank you if our viewing audience has been intrigued by the excitement that Drew has conveyed I would invite you because you're not going to remember everything we we unpacked a lot during this interview I'd invite you to stalliondiscoveries.com I frequent their website I am up on every single news release that they do release and I'd invite you to do the same because these guys have really done a good job of separating themselves they are really making a name for themselves in some of the most prolific jurisdictions on the earth and it's going to be fun over the next six to nine months to track their progress on behalf of the channel I want to thank you Drew I'll give you the last word and turn it over to you and look forward to future updates from you Drew. Yeah absolutely thanks Ryan I appreciate coming on and giving you the updates and just to reiterate what you said I mean on our website you can sign up for our news releases coming right to your mailbox so you don't have to worry about missing anything our Twitter is getting more active as well so you can see news releases and we'll retweet other articles that again really just trying to make sure the market knows what we're doing so that they can see the value in what we're doing see the excitement that we have and again hopefully have some of that excitement for themselves and follow along and hopefully be a part of the story and the success that we're looking to have in the months ahead. Fantastic we see the value there keep doing what you're doing you will not be able to be ignored for very long Drew thank you so much for your time keep up the good work and we'll talk soon.