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Storm Exploration is an exploration company focused on Ontario. Gold Standard is the near-term project and the one Bruce spoke about most, with a road-accessible copper-zinc target that management thinks may fit a VMS model, plus older gold showings on the broader property. Keezhik and Attwood are earlier-stage projects in northwestern Ontario with gold focus and some base-metal upside. The interview was about the Miminiska sale, the balance-sheet reset, planned 2026 fieldwork, and what still has to go right from here.

TL;DR

The Miminiska sale removed the near-term funding squeeze, cleared the remaining Landore payment, left Storm owning Keezhik 100%, and gave it enough money to start work without needing to raise capital immediately. Near term, Bruce told me Gold Standard is first in line for ground work and drilling, Keezhik follows with airborne work and summer field work plus possible fall drilling if funded, and Attwood stays in the background as a slower 2027 drill target.

What have they done for shareholders lately?

The real concrete change is the Miminiska transaction. CEO Counts said Storm sold Miminiska for total consideration of C$5.8 million, used that reset to deal with the Landore obligation, and came out the other side with 100% of Keezhik. He also said Landore is now fully out of the stock, most of that overhang was crossed to other investors, and the remaining Landore exposure is a 2% NSR on Keezhik with the right to buy back 1% for C$1.0 million.

How much money do they have and what are they spending it on?

Bruce told me they have enough money to do the work they want to do now and do not need to finance immediately. On the Miminiska sale, he said Storm received C$1.5 million in Canadian Goldfields Discovery shares priced at C$0.20 for 7.5 million shares, alongside staged cash and share payments that bring the total to C$5.8125 million. He also said Gold Standard is budgeted at about C$500,000 including roughly 1,000 m of shallow drilling, Keezhik airborne work plus boots on the ground is about C$400,000, and a Keezhik drill program would need another roughly C$1.0-C$1.5 million that is not currently in treasury. For overhead, he said G&A has run at about C$40,000-C$50,000 per month, with marketing expected around C$20,000 per month this year.

Upcoming catalysts

The CEO told me Gold Standard should see ground work starting in late April, target selection by the end of May, and a June core program if permitting lines up, with assays expected sometime in the summer depending on lab turnaround. Keezhik is supposed to get an airborne EM survey around June, then July-August field work, and potentially a fall drill program after moose season if targets and funding are there. Attwood may be flown at the same time as Keezhik to save money, followed by September-October field work, with drilling pushed to 2027. On the corporate side, more deferred cash and share payments from the Miminiska sale are still due over the coming months.

Risks

The short-term risk is that Gold Standard is still a first-pass test of a conceptual target, so the model could be wrong or the first holes could be too weak to matter. Gold Standard still needs the drill permit to come through, Keezhik still needs target definition before a permit applicatio, and any Keezhik drilling beyond groundwork likely needs extra financing or the sale of Canadian Goldfields shares. Counts also flagged likely bottlenecks in drill availability and assay labs.

Storm Exploration CEO Interview

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