Lundin Mining Corporation

Sure.

You could buy here in Canada a Lundin or a Hudbay, you know, maybe smaller, but obviously faster growing.

But if you want exposure to copper, maybe look at an ETF, something like the iShares, you know, uh, Copper Producers ETF, which gives you the spread.

You don't have to worry about jurisdiction risk, you know, individual mine risk, and stuff like that.

Well, that California gold deposit would certainly rank as one of them.

You know, but I've also very much had the attitude of sort of the great, you know, Adolf Lundin.

And he passed that attitude on to Lucas and Ian, his sons.

And they've passed that attitude on to their own sons, especially Lucas's sons, who are running, you know, all the Lundin companies.

And they're just amazing guys.

And that is no guts, no glory or no risk, no return.

But would I do it again today if I was younger? Sure, I probably would.

How about that?

Canada is the biggest supplier of nickel alloys to the United States, supplying roughly half of total US nickel needs, according to the Center for Strategic and International Studies.

Nickel alloys are a critical input for the defense and automotive industries, and the United States only has one operating nickel mine called Lundin's Eagle Mine in northern Michigan.

However, the United States does not have a single completed nickel refinery, which makes Canada an important ally in the nickel supply chain.

The entirety of nickel output from Lundin's Eagle Mine is exported to a refinery in Sudbury, Canada, and then sold back to US firms.

Eagle Mine is the nation's only primary nickel mine-

Violent threats against executives are growing at an alarming rate.

And then also importantly, Marie Inkster has moved to exec chair.

So Marie was certainly one of my mentors during my time at Lundin Mining.

It's great to be working very, very closely with her again.

And so, you know, continue to learn a lot from her.

She's been a huge, huge asset for the company.

Obviously has tons of experience.

She was the CEO of Lundin Mining.

And prior to that, she was a CFO for about a decade.

Maybe that mine was all folklore, but I see all the land they took.

One thing I'm damn sure, it won't happen again, so if you get your check from Lundin Mine, quit your job and sing with me just one refrain my friend.

I drink water every day.

It gives me life.

I think first off, I should mention, I want to thank Adam Greening, who's head of corporate development for Aldebaran and Regulus.

I've known Adam since he was at Yamana and I was coming out of Lundin Mining.

Um, and Adam was, was very much the catalyst who, who approached me, um, about leading, uh, the spin out as, as it has been, it had been in discussions within the Aldebrand group for a number of years.

Um, and he, and he kind of, you know, contacted me after we had sold Aventis two years ago, um, and, and said, Sam, based on, you know, your experience in Latin America, building Aventis and, and helping.

We did expect a stronger H2 just from some of the mine plans and assets, and including the expansion at Kalawinda.

There was a weather event at Lundin Mining's Casarones post-quarter end, so in Q3, and they reduced their guidance slightly for the 2026 year.

So I think that, look, we're very much on track in terms of our guidance for the year.

Probably have a weaker Q3 from Casarones, but we will also have a stronger quarter going forwards from Carl Winder, which is commissioning the mine expansion this quarter.

Obviously, copper is absolutely flying.

I mean, just this week alone, Los Bambas being shut down for a little while, Lundin Mining having, um, a, a downgrade on, on production.

Like, you're seeing the struggles across the board, and I feel like in copper, we're seeing that stuff every week.

And you add to it the...