Will Military Metals’ New Drill Results Fuel the US Strategic Mineral Vault?

The landscape of mineral security changed this week. As President Donald J. Trump signed the executive order for Project Vault, a $12 billion strategic stockpile, the focus shifted to high-grade assets in stable jurisdictions.

The latest results from Military Metals Corp (OTCQB: MILIF | CSE: MILI) at their Trojárová Project in Slovakia (10.52 g/t Au and 2.53% Sb) represent exactly the kind of "strategic buffer" the U.S. and E.U. are looking for.

This project is now at the center of a massive industrial and defense push involving:

• The Export-Import Bank of the United States (EXIM), providing the $10B funding engine.

• General Motors (NYSE: GM) and Boeing (NYSE: BA), looking to insulate supply chains from volatility.

• GE Vernova and Stellantis, securing materials for the next generation of energy and transport.

• Perpetua Resources (NASDAQ: PPTA) and USA Rare Earth, Inc. (NASDAQ: USAR), leading the domestic charge alongside international allies.

Kudos to the leadership of Scott Eldridge and David Murray, P.Geo at Military Metals Corp for advancing this project at such a pivotal moment. With SLR Consulting finalizing the modern resource estimate and ALS Laboratories processing the final assays, the first quarter of 2026 is shaping up to be a turning point for Western mineral sovereignty.

As Marco Rubio and Howard W. Lutnick gather international allies for the Critical Minerals Ministerial in DC this week, projects like Trojárová prove that the solution to supply chain fragility is written in the rocks.

Why Robert Friedland Says the S&P’s 1% Mining Weight is a National Risk

The S&P 500 tells us that the entire mining sector is worth just 1% of the American economy. Robert Friedland tells us that this 1% is a national security crisis.

In the Oval Office this week, the conversation wasn't about P/E ratios or quarterly earnings. It was about survival. Friedland’s message to the President was stark: You cannot have a secure nation when your capital markets treat the physical foundation of your defense and industrial base as a rounding error.

We have allowed the financial weight of the extraction industry to wither to historical lows, creating a massive blind spot. While the market chases software unicorns, our reliance on foreign adversaries for the copper, cobalt, and gallium needed for everything from fighter jets to power grids has deepened.

That is why Project Vault matters.

This $12 billion initiative isn't just a loan program; it is an acknowledgement that the "invisible hand" of the market has failed to value national security correctly. By stepping in to back companies like Ivanhoe Electric (NYSE: IE), the U.S. government is effectively saying that if Wall Street won’t fund the supply chain, Washington will.

The 1% weighting isn't just a missed investment opportunity. It is a strategic vulnerability. And as of this week, the United States has stopped ignoring it.

Clive Thompson Reports Major Swiss Inventory Failure

Switzerland is officially out of silver.

It sounds like a headline from a financial thriller, but according to fresh market intelligence from Clive Thompson, it is the current reality on the ground in Zurich.

One of the largest bullion dealers in the country, the global fortress of safe custody, is reporting ZERO stock.

• No inventory.

• No replenishment.

• Weeks of supply failure.

We are witnessing a historic disconnect. While the "paper" spot price flickers on our screens suggesting silver is abundant and on sale, the physical supply chain is telling a completely different story.

Thompson’s report indicates that industrial buyers (solar, EV, tech) are no longer waiting for metal to trickle down to retail. They are draining wholesale 1,000oz bars directly from the refineries, leaving the retail shelves completely bare.

The spot price is currently an illusion. The shortage is real.

If you can’t hold it, you don’t own it. And right now in Switzerland, you can’t even buy it.

MicroStrategy Faces $2.7 Billion Bitcoin Paper Losses on Michael Saylor's Birthday

The $2.7 Billion Birthday Hangover: Strategy’s Bitcoin Bet Goes Underwater

Michael Saylor’s 61st birthday today, February 4, 2026, arrived with a guest list of 713,502 BTC and a rather expensive "cake" in the form of a massive unrealized loss. For the first time in years, the math behind the world's most aggressive corporate treasury strategy has flipped into the red.

With Bitcoin (BTC) currently trading near $72,200, retreating 40% from its late-2025 highs, it has officially slipped below Strategy’s (NASDAQ: MSTR) average purchase price of $76,052 per coin. This creates a staggering $2.75 billion paper loss on a total investment of $54.26 billion.

While the "Saylor Premium" on MSTR shares is facing a cold winter, the firm’s resolve appears unshakeable. According to recent filings, Strategy and its leadership, including CEO Phong Le, remain committed to the 42/42 plan, having recently added another 855 BTC to their coffers even as prices began to slide.

Is this a temporary birthday dip or a structural test for the "Bitcoin Company"?

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