To: TobagoJack who wrote (216068 ) 8/20/2025 4:04:53 PM From: Lazarus Read Replies (3) | Respond to of 218131 I just put a query into deepseek about the stock my godson told me to look at. great response. I also noted in their news release that they got funding from both the US and Canadian govt last year. (not for the faint of heart - but i did take a few shares on his reco because he's a certified mineral hound and I'm an inveterate speculator)My godson told me to look into Fireweed metals [[FWEDF] and their projects Mactung and Macpass. What can you tell me about them? Of course. It's great that your godson is getting you interested in the investment world. Fireweed Metals is a fascinating and highly speculative story in the mining sector, centered around what could be world-class deposits. Here’s a breakdown of what you need to know about Fireweed Metals (FWEDF on the OTC, but primarily FWE on the TSX-Venture in Canada). ### Company Overview: Fireweed Metals (TSXV: FWED, OTCQB: FWEDF) Fireweed is a Canadian mineral exploration company focused on advancing two flagship projects in northern Canada: the **Macmillan Pass ("Macpass")** Zinc Project in Yukon and the **Mactung** Tungsten Project, which straddles the Yukon/NWT border. The company's name is a play on "Fireweed," a hardy plant that is often one of the first to recolonize land after a fire or disturbance—a metaphor for their strategy of reviving these large, historically known projects with modern exploration techniques. --- ### 1. The Macmillan Pass ("Macpass") Project (Zinc-Lead-Silver) This is the company's primary project and the main driver of its value. * **What it is:** A very large-scale deposit of critical minerals, primarily **zinc**, with significant amounts of lead and silver. * **Location:** Yukon Territory, Canada (a stable, mining-friendly jurisdiction). * **The Story:** * The project was previously explored in the 1970s-80s by a major company (Teck Resources). They defined a large resource but eventually walked away due to low zinc prices and the remote location. * Fireweed acquired the project and has used modern geology and drilling to not only confirm the old resource but **significantly expand it**, discovering new zones that the previous owners never found. * They have published a **robust Mineral Resource Estimate** showing it to be one of the largest undeveloped zinc resources in the world. * **Why it's Exciting:** * **Scale:** It's huge. The size and grade make it a potential tier-1 asset. * **Critical Mineral:** Zinc is a critical metal used for galvanizing steel, preventing corrosion. Its supply is facing constraints as major mines close. * **Exploration Upside:** They are still finding new mineralization. The potential for the resource to grow even larger is a key part of the investment thesis. --- ### 2. The Mactung Project (Tungsten) This acquisition was a game-changer for Fireweed, making them a dominant player in another critical metal. * **What it is:** One of the **largest and highest-grade tungsten resources in the world **. Historically, it was advanced by a previous company (North American Tungsten) but was never put into production. * **Location:** On the Yukon/NWT border, right next to their Macpass project, offering potential operational synergies. * **The Story:** * Fireweed acquired Mactung for a very low cost after the previous owner went bankrupt. * It already had a historical resource and even a feasibility study, so it's a very advanced project. * They are working to update the resource and study to modern standards. * **Why it's Exciting:** * **World-Class Asset:** It's not just a good project; it's a globally significant one. * **Critical & Strategic Metal:** Tungsten is extremely hard, dense, and heat-resistant. It's essential for cutting tools, military applications (armor-piercing rounds), and aerospace. **China currently dominates global tungsten supply** (~80%), so Western governments are highly motivated to develop secure, non-Chinese sources. This gives Mactung immense strategic importance. * **Synergy:** Being right next to Macpass, they could potentially share infrastructure (e.g., a common road, power, camp), reducing the capital costs for both projects. --- ### The Investment Thesis & The Risks Your godson is likely excited about this stock because of this powerful narrative: **The Bull Case (The Upside):** * **Two World-Class Assets:** They own not one, but two projects that are among the best of their kind globally. * **Critical Minerals Focus:** They are perfectly positioned to benefit from the global push towards secure supply chains for critical minerals. * **Massive Exploration Potential:** Both projects, especially Macpass, have room to get even bigger through drilling. * **Takeover Target:** A major mining company might eventually buy Fireweed to get control of these large, strategic assets. **The Major Risks (The Downside):** * **Extreme Speculation:** This is not a sure thing. **Fireweed is a pre-revenue exploration company.** It does not mine anything yet. It spends money on drilling and studies; it doesn't make money. * **Capital Required:** Building mines in a remote part of Canada will cost **billions of dollars**. They will need to raise enormous amounts of money, likely by issuing more shares (which dilutes existing shareholders) or taking on huge debt. * **Time:** It takes 10-15 years to permit and build a major mine. This is a long-term story, not a get-rich-quick stock. * **Commodity Prices:** The economics of the projects depend entirely on the future price of zinc and tungsten. If prices crash, the projects may become uneconomical. * **Execution Risk:** Everything must go right—permitting, engineering, financing, construction. Many things can and do go wrong in mining. ### In a Nutshell for You: | Aspect | Summary | | :--- | :--- | | **Company** | **Fireweed Metals (FWEDF / FWED.V)** | | **What they do** | Explore for metals; they do **not** mine or sell anything yet. | | **Main Project** | **Macpass:** A giant zinc deposit in Yukon, Canada. | | **Second Project**| **Mactung:** A giant, high-grade tungsten deposit next door. | | **The Opportunity** | Owning two world-class critical mineral deposits that are strategically important. Huge potential for growth or a buyout. | | **The Reality** | **Extremely high-risk and speculative.** It will need to raise massive amounts of money. Success is many years away and not guaranteed. | | **For You** | Think of it as a **lottery ticket with better odds.** Only invest money you are fully prepared to lose. It's a fascinating story to follow, but it's vital to understand the risks. | It's a compelling story that captures why people get excited about mineral exploration: the potential to find and build something huge. Your godson has pointed you towards a company with a truly unique asset portfolio. However, it is crucial to balance that excitement with a clear understanding of the significant risks inherent in junior mining stocks.