 Love to welcome everybody back to the independent investor channel. We've got Drew Zimmerman. He's the CEO of stallion discoveries He's going to give the audience an update here on the non-brokered private placement For four built for four million dollars He's going to give us an update on where we are going to be strategically allocating that capital and Updating the audience on the exciting progress that is going to be made on the Discoveries and survey work that's being done on their large land packages drew welcome to the channel and please provide us your update Yeah, thank you, Ryan and a great overview and yeah incredibly happy to have closed a 4 million private placement You know especially with the markets being as tumultuous as as they have become in the last Week or so here, you know having that money in the bank and you know in our hands ready to go out And do the work that we want to do not only in the coming months But for the rest of the year it goes goes a long way and it really you know Assures us that we're able to set the plans that we want to set and go out there and get to work like we said We were going to so with that we we did we we kicked off a geophysics survey We have a helicopter in the air as as we speak. It's been going for almost two weeks now, I guess They've been covering a lot of ground Again, we have a big package up there almost 800 square kilometers. So this helicopter's got to fly over 5,000 kilometers of Survey lines And and it takes some time, you know, they have to fly it low. They fly it carefully And and again, it's gonna be a pretty exciting survey to have done But we're really excited as as it is the first step It's the step that a lot of companies in the region have taken and utilized to really have you know Good understanding and to be able to build on and and go out and find the discoveries that date they did So again, we're just trying to follow the roadmap that they've set for us and Excited to be getting the results from this first survey. Yeah, fantastic And you know as I was reviewing the project that kind of came to my mind I wanted to ask you about I know the size and the magnitude of these projects are enormous But is there any pre-planning that goes into really the strategy over The survey itself and during the survey how much communication is happening? Do they just go out there and conduct the surveys? It's something that you guys put in motion or they constantly communicating to you guys and and then you guys can extrapolate that data after Yeah to start with again, it was a lot of pre-planning and getting things set so, you know, we went through there are a Multiple different types of geophysics surveys that can be done But again, we're not trying to recreate the exploration wheel in the Athabasca basin You know, there's been some great discoveries in the last decade alone in the Western Athabasca where we have a very big footprint So we're doing this same survey that's given those companies, you know The most information or one of the surveys that's given them the most information right from the get-go So we're using the same survey that the fission uranium used and F3 uranium used as well So again, not trying to recreate anything just saying if this work well for you. We're gonna follow your roadmap So the survey that we're doing now that the BTEM will give us the conductors So the conductors tend to be the roadmap up in that area And again a great starting point from being able to cover such a large line package And and really be able to hone in on some more specific targets is what we're looking to accomplish with this survey And then to the second part of your question Yeah, the I mean, there's a whole crew out there that's that's working every day Um, you know, and they are constantly contacting us with with updates and what they're doing We did also engage condor consulting They are our qaqc So they're making sure that as that data that comes in every day You know the data that they're getting is good data correct data So that it all comes into a complete survey and gives us the most information that we can get from it Then and again condor consulting is uh an absolute benchmark of That type of work that they they do in the base and we'll we'll look to engage with them for Interpreting the results as well. They're just absolute specialists in that space of geophysics. So It's it's a great to to have won a a great company like geotech to actually do the work And again another good company in condor consulting to make sure that work is getting done properly and there's no A little mishaps here and there and and they do they they ask geotech to you know, reply some lines when Some of the data isn't coming through as it should But again together that's going to give us the best survey at at the end of this that we can possibly get So pretty excited about that. Yeah, excellent. So, you know drew I guess I guess when I set back the bear case on stallion discoveries is to suggest that And I know this is part of your your kind of your strategic approach is to neighbor with existing producers In these prolific regions you mentioned the Athabasca But the bear case is to suggest. Okay. Well just because your neighbors are producing does that mean that you're Gonna Going to show good results And I guess the follow on to that question is If you do end up finding some some very promising, you know inferred results there Does that not kind of accelerate the value for stallion discoveries now going back and saying look I told you so we're in this prolific This is kind of what we what we expected to happen in the first place Can you kind of talk about that a little bit? Absolutely. I mean exploration is always a risky endeavor It's it's going into the unknown to try and find something And we think we have a good roadmap that allows us to have The highest chance of success is really all that we can ask for in this game. So as you say we we neighbor with Some absolute world-class deposits and discoveries across all of our assets Because we do think that's one of the key things is if you want to find something One of the highest probabilities that you can give yourself is to be right next door to something that's already found And then again, you start to do the work and and we start with a very Explored large underexplored projects so that we're able to go out and do You know a big survey like this and focus in on the key target areas of those large projects That you know give us the most Resemblance to other targets that other companies have found What's working for them where they found their target and you know We think that alone creates a lot of value as we go through this exploration process because we're we're de-risking You know this large unknown into into some known targets And then as we work those targets more and eventually going towards a what is hopefully a discovery drill hole You know, that's where you can get a significant amount of re-rate But again, we like to create value right from Underexplored to what is hopefully a discovery hole. So that's again, it's It is it is a risky business and an unknown business But we are in it because the potential of finding something and finding something big is is always there And when you do that it can be incredibly rewarding and that is what we go after in this business So not only finding the you know critical minerals in the case of uranium that you know We think the world economy needs for a cleaner greener future But you know, it can be incredibly rewarding for all the stakeholders of stallion discoveries as well Just it makes sense to me It would make sense that if you made this discovery and you know There was really good inferred results from the survey work, but you were in the middle of nowhere You know, it would still be a proven story But but going through this rigor with the with them known I mean, there's 60 years of uranium production up in the Athabasca You know, if you guys have got some good results that are turned back I I could see no more bullish news for you guys and I think you you guys would chalk that up as a as a real success The the properties as large and prolific as they are How do you go about strategically looking at I know you had mentioned, you know, it's not You know the very Experienced survey crew that you've hired But how rigid is the survey? Do you have the opportunity to flex and and how much? You know, how much flexibility do you have and to put more emphasis? On some of the areas or is it just go out there? Find the data and then you guys can strategize at a later date Can you kind of talk about the potential for flexibility? In where you kind of go out there on an initial shot and then you can flex from there Or is it just go get the data turn it back and then and then review the data once it's presented Yeah, we took the approach to go out there and get the data. So we're not flying You know, what we think is the most perspective area We were flying every square foot of property that we picked up in the Athabasca basin So that allows us to be incredibly pragmatic when we get the data back is we're not guessing where we think our next target area is We've covered our entire property. So we know where the key targets are What's giving us similarities to other targets that have been found in the area And and that really was the best approach We think we could take because again when when you are starting with an underexplored project You don't know where those key areas are or or what lies out of the periphery of what's been explored So that's where we will go and say, you know, these are our target areas And do another more advanced more localized geophysics survey likely on the ground, but that will be something that will come in the summer but Again being able to have the targets that we develop from this survey And again on a large land package like we have we do Assume there will be several targets to go after and and where it gets a little tougher on our end then is prioritizing those targets But again, that's a very good problem to have because again if we can align our targets with what has worked in the basin in the past We've seen some absolutely incredible results that have come out of out of those targets and we want to align ourselves with with that same sort of exploration and discovery hole that they have so Pretty exciting even just from the results of this survey And then it will just continue to build from there as as we do more work Okay, and to to premature to talk about any results that have been turned out thus far. You want to keep that under your hat, right? Yeah, we'll we'll be compiling everything together. We've still got again It is an incredible amount of flying so We'll have a helicopter or maybe even two in the air for the next few weeks Uh, and then there will be some time to to clean up and interpret the data So it will be a little bit of time left yet, but when we put the results out It'll be an exciting release and it'll hopefully show some some pretty exciting targets to go after And for the viewing audience true. Do you have a timeline that you're looking maybe for conclusion of of this survey? Again, there's a few things in motion there one with with weather You never know sometimes, you know a bad a bad week can be lost with the helicopter They have to fly very low to the ground So they have to have visual ability to be able to fly and right that can delay things And then there's also just the amount of time it takes to You know fully digitize all the data and work It's for a few different models and really interpret it and understand it as best we can So that'll take some time But uh, yeah, we're hoping over the next couple months we're putting putting out a release with all the findings that we get from this Fantastic. Thank you for that color drew and right now just for my my knowledge and for the viewing audience Is the focus right now on athabasca or are you doing any anything here in the states? With regard to your horse heaven and richman mountain projects Yeah, richman mountain We're continuing to look at we'll be doing a geophysics study there A lot more snow down there again So some other issues then they would normally ever see with some of the storms that have been Hitting that area and just the west coast in general Um, so we're looking at the potential of when is the best time to do these surveys again They can have some seasonality to them. So we want to get a good survey the best survey done that we can Yeah, and in in Idaho. We're continuing to work to complete our drill permit We're working with the u.s. Forest service on that Looking to see if that drill permit completed and we'll be able to to have that in hand and be able to make some decisions going forward there so moving those along as well as we sort of gear up for What we're calling some some secondary target exploration work on on Idaho as well Again, we're waiting for that drill permit on our on our main target zone the golden gate fault zone But again looking at You know antimony ridges a secondary target. They're another critical mineral with no production in the united states So looking at how we further You know line up our understanding of what's going on with that target as well. So that'll be more more field work Nothing as big as drilling but yeah, so still moving our projects along in the united states But definitely our focus is in the at the basket right now Um, but again, yeah bringing all the projects along at the same time Great drew and for the at the basket project just so i'm clear You had said that the that the land package that you guys had acquired is is pretty much undist undiscovered unexplored Is there any historical Survey work that you guys were able to take into consideration or is this work that you're doing? somewhat novel in nature No, uh, a lot of it did have You know, there's Saskatchewan wide. So regional surveys that have been done Um that we've utilized and we put into our models and we'll be able to layer on this new survey Um, and in the east in the east we do have uh three little smaller projects there Uh, those projects definitely have more historical work and and we have been Um compiling that to as well to understand, you know, everything that has been done Again, it's always, you know, trying to make sure we can find as much of those historical records as possible and then putting it into Uh, the models that we have to be able to fully understand that so that is work that's ongoing as well Uh, but it's always been our idea that the survey we're doing now We'll just complement anything that we're putting together While the survey is going on so at the completion We have all the historical known data as well as layering on A new geophysical survey to really give us the best idea of what we're looking at Fantastic, you know drew. I think that's that's everything I had really on the survey side But I absolutely want to make sure that we haven't we haven't missed anything On the survey topic and then I just want to ask you a few more broader questions about the general commodities market It's on fire. I mean, we've got gold that's staring down 2000 an ounce Some discussions about if it does that it could break into a multi-year type of commodities run and and uranium 2023 projections at 71 a pound Are some of the estimates here So, you know, give you the opportunity to kind of make sure that our investor opportunity is our investor audience Is up to speed on the survey work, but certainly I'd love to get your twist on You know volatility in the stock market is really putting a lot of emphasis on the commodities market in general So I'd love to get your insights on that as well Yeah, absolutely. I mean, I'm very happy to see where the gold market has has gone to In the last nine minutes. It's happened very quickly. It did as well. Yeah, exactly But I think that's you know the the nature of the gold market when you have this, you know risk and unease and uncertainty of Where do I put my money? How do I protect my money? I mean, we used to think that you know putting in a checking account in a bank account was, you know, absolutely safe and I think the Government in the u.s. Has has made that so But there was a whole weekend there were there was a lot of people wondering if they were going to get back Some of their checking account balances. So yeah in that environment I mean, you've seen a lot of money flow out of the smaller banks into the bigger banks When there's just that sort of risk sentiment You do see gold tend to be doing better and I mean until today the the sort of contagion has moved to wards credit suice as well. But yeah In that environment, you really saw the u.s. Dollar losing some of its edge as well with the u.s. Dollar coming back often And I always remind people that you know, I like to say that the commodity bull market started in 2021 this most recent one Everywhere except the united states and that's because the u.s. Dollar just ripped everybody's face off last year and In u.s. Dollar terms commodities didn't do all that well But in other currencies commodities did much much better throughout that year So I think we get Back to that overall sentiment where this commodity market that that did start a little while ago continues on and it just does so Not facing such a strong u.s. Dollar and potentially even a u.s. Dollar that continues to Back off if the Fed has done raising rates and potentially has to lower rates later this year. So Overall, I think, you know, we're in a great position and in two great resource sectors As you mentioned the outlook for the uranium market to again still Taking a little time and and not gaining in price just yet But we do think it's there, you know later out in the cycle the contracting cycle that's happening right now Prices are going up We do see again week in week out very positive news for the uranium sector with more reactors being planned more reactors being built More reactors being turned back on so the demand is is there and then of course the the big risk out there right now is Will Europe will the united states start to ban Uranium that comes from russia or through russia, which would be the kazakhstan uranium Which is almost half of the half the global production. So that would be a pretty significant event but again, as we've seen with a lot of commodity markets, it's about Nationalizing the commodities that you need. So, you know, we went from a very global economy of you know, you get This commodity from that country that commodity from this country Now it's do I have at least, you know Enough to give get by on a day-to-day basis from my own country. Do I have my own copper? Do I have my own gold? Do I have my own uranium? So I think that's where you see especially, you know in north america us canadians and americans are Very good friends still and maybe even group mexico into that but in north america Can we create supply chains that they give us everything that we need? And I think that needs to be a focus and and that's where I think for uranium the athabasca basin You know besides that point is the best place to look for uranium in the world But especially because of that just becomes that much more important Yeah, and just to circle back for what it could mean for stallion discoveries and You know, I'd love to get your opinion on this being being the top guy I mean does that does that add any added pressure for stallion discoveries? Is there any type of urgency Around this or are you satisfied with the pace and you know, want to see these survey results come back and turn back I mean, you know we're we're we're stepping into a very potentially You know very favorable commodities market Do you feel any of that pressure to move these projects along quicker or are you satisfied with the pace drew? Yeah, I mean we're always trying to move as quickly as we can But we do allow that pace to get dictated by the market So, you know if the market is really rewarding good exploration and and really, you know Wanting more exploration companies to go out there and do more work You know we we get a sense of that in the market and again with this uncertainty Uh, you know, it is you know risk capital then investors are putting out to exploration companies So when risk capital gets drawn in a little bit a little closer to the chest then You know, it's a little less urgent for us to go out there and do as much work as absolutely possible But as these markets, you know evolve and change, you know, we have the optionality at stallion discoveries We've got you know, two gold assets that we think are absolutely tremendous and when that market is right We think we'll provide a ton of value for our shareholders But we also see right now the work that we're doing the at the basket basin as you know our highest potential right now It's the market that's telling us right now to to go out there and do the most work So we're listening to those cues and and again, I don't necessarily feel the pressure of that I I see the opportunity in letting the market sort of tell me where I need to put our efforts where We need to really focus on the most so it's exciting to be in both of those sectors because I do think we are coming into a year where the market will tell us to to work faster on both sectors and And I don't mind doing that. I don't mind the long days that It keeps me busy and keeps me out of trouble. Yeah, well said drew We'll wind it down here. Give you the last word here and make sure that the investor Community is all up to date and up to speed on the progress that you guys are making and and congratulations again on the private placement Yeah, thank you again. I really appreciate it really appreciate the support from our shareholders To be able to do this. We think it's important work and especially with the uranium projects that we're kicking off The work on now, you know, just really excited to see what we're going to be able to do there We think it's an opportunity not only for The country but really for you know the the world as as we try and transition to more of a nuclear friendly low carbon energy fuel source that You know uranium is going to have a key part to play in that and and we want to be a big part of that So it's going to be exciting in the in the times ahead Fantastic drew on behalf of the audience. Thank you so much for the updates and we will be standing by On the on the results as those come in Eagerly awaiting those results again. Congratulations and we'll look to speak to you soon. Thank you drew Absolutely look forward to being back and sharing those results with you, Ryan. You got it. Thank you. Thank you drew. Take it easy