Please read the full disclaimer at bottom of the page. Disseminated on behalf of Revival Gold Inc.
A small miner in the right place at the right time.
Gold is glittering once again. In 2025 the yellow metal has notched all-time highs above US$3,200 per ounce, fueled by investors seeking refuge from stubborn inflation, currency debasement, and geopolitical strife. This rally isn’t just driven by gold bugs - central banks around the world have turbocharged their bullion buying, scooping up gold at over three times the typical pace. Nations like China are bulking up reserves (Chinese gold purchases jumped 30% year-over-year) and even sanction-hit Russia has been stockpiling gold to back its currency. High demand and record prices for gold has set the stage for companies positioned to supply the next ounces of the precious metal. Phase 1 of the Beartrack-Arnett project is expected to deliver 60,000 to 70,000 ounces of gold per year for over 7 years, based on a 2020 preliminary study.
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One beneficiary of gold’s resurgence is a small-cap miner aptly named Revival Gold Inc (TSXV: RVG, OTCQX: RVLGF). The Toronto-headquartered company is advancing two promising gold projects in the United States - and gaining attention as one of the largest pure-gold development companies in the country.
Revival’s flagship is the Beartrack-Arnett project in Idaho, a past-producing open-pit mine now being groomed for a restart.
Hosts 4.6 million ounces of gold in measured, indicated and inferred resources, making it the largest former gold mine in Idaho’s history.
Infrastructure left from previous operators could significantly lower Revival’s time and cost to first production.
The second asset in Revival’s portfolio is Mercur in Utah, another past-producing gold mine acquired in 2024.
With Mercur’s addition, Revival’s total resource base swelled to ~6.2 million ounces of gold.
This vaults Revival Gold into an elite tier of junior miners: very few sub-$100 million market cap companies control that much gold in the ground on U.S. soil.
A Major Capital Injection Fueling Revival’s Plans.
To capitalize on these opportunities, Revival Gold just secured a hefty vote of confidence (and cash) from a seasoned mining investor. On July 10, the company announced a strategic partnership with EMR Capital, a resource-focused private equity firm with a strong track record. EMR is investing roughly C$15.4 million (about US$11.3M) in Revival by purchasing 32 million shares at C$0.48 each.
The deal, initially sized at C$13.7M, was quickly upsized to C$15.4M.
EMR will own around 12% of the company and gain the right to nominate a board director, aligning their interests with long-term shareholders.
In tandem, Revival launched a broader financing round open to other investors, originally targeting ~C$10 million and now expanded to C$11.6 million for a combined raise of about C$27 million in fresh capital.
Net proceeds will fund aggressive exploration and development at both Mercur and Beartrack-Arnett.
In an industry where junior miners often struggle to raise money, Revival’s ability to secure a large financing on favorable terms (at only a small discount to its market price) stands out. It provides a much stronger treasury at a pivotal moment.
Why Revival Gold Could Shine
🏭Brownfield Advantage: Both Beartrack-Arnett (Idaho) and Mercur (Utah) are former gold mines with permits and infrastructure in place. Reviving old mines can be faster and cheaper than developing new ones from scratch, lowering execution risk.
📈Growing Gold Resource: Revival has more than doubled Beartrack-Arnett’s resource from ~2 Moz in 2018 to 4.6 Moz in 2023-24– at an impressively low discovery cost below $5/ounce. The company controls over 6 Moz of gold, one of the largest resource bases among U.S. gold developer.
🚀Strong Economics: At a conservative $2,175/oz gold price, Beartrack-Arnett’s first phase alone shows an after-tax NPV of ~$294 million (5% discount) with a 27% IRR; at $3,000 gold these metrics jump to $752 million NPV and 57% IRR.
🌎 Safe Jurisdictions: Revival operates in Idaho and Utah – top-tier stable mining jurisdictions in the United States ranked top 20 in the world for investment in mining by the Fraser Institute.
Advancing Towards Production
Armed with new funding, Revival Gold is poised to accelerate its path from developer to producer. At Mercur, the company just kicked off a major 2025 drilling program.
The first of two rigs has arrived on site to start 3,000 meters of core drilling (for metallurgical and geotechnical studies) and an additional 10,000 meters of RC drilling aimed at upgrading and expanding Mercur’s resource base
At Beartrack-Arnett, Revival is laying the groundwork for a phased re-opening.
The plan starts with a low-capex heap-leach operation focused on near-surface oxide gold at the Haidee pit, leveraging the mine’s existing processing facilities.
Phase 1 could produce on the order of 60,000–70,000 ounces of gold per year for 7+ years, based on a 2020 PEA.
Revival now envisions scaling up to ~150,000 oz annually by also tapping a second open-pit at Mercur in parallel.
In effect, the company is methodically building toward a mid-tier production profile - a rarity for a junior miner. Of course, hitting these goals will require diligent engineering, permitting, and execution, but the pieces are coming together.
Reading Recent Moves
The bigger picture here is a junior gold company aligning its stars at just the right time.
✅Gold’s resurgence provides a favorable tailwind: every uptick in the gold price amplifies the value of Revival’s projects. At current gold prices around $3,200, the projected net present value of Revival’s assets is enormous relative to the company’s size.
✅The recent strategic investment by EMR Capital also matters. EMR’s involvement not only brings money, but credibility - it’s a bullish signal when experienced mining investors take a sizable stake in a junior. The $27 million financing ensures Revival is well-funded to execute its plans in the near term, reducing the likelihood of dilutive cash crunches.
For investors, the company offers a leveraged play on gold in a scenario where macro trends (like central bank buying and inflation hedging) are working in gold’s favor.
In an era where macroeconomic jitters are driving a flight to hard assets, Revival Gold is a story of being in the right place at the right time, with the right partners. For retail investors looking beyond the major gold producers, Revival Gold represents an intriguing “growth stock” in the gold mining sector. It combines the speculative torque of a junior explorer with the derisked attributes of past-producing assets and a clear roadmap to production. If gold’s bull run continues, Revival Gold’s ongoing revival could reward those betting on this junior miner’s golden ambitions.
DISCLAIMER
This newsletter is for informational purposes only and does not constitute investment advice, an offer to buy or sell securities, or a recommendation regarding any specific company. All information presented is based on publicly available sources believed to be accurate at the time of writing, but no guarantees are made as to its completeness or reliability. Investors should always conduct their own due diligence and consult a licensed financial advisor before making any investment decisions.
Cashu Markets was compensated by Resource Stock Digest to produce and distribute this newsletter. As such, this is a paid communication and should be considered advertorial in nature. We do not own shares in the company mentioned and therefore do not benefit from price appreciation.
Statements made in this newsletter may contain forward-looking information, including but not limited to estimates of future production, resource growth, project economics, and financing outcomes. These statements are subject to various risks and uncertainties that could cause actual results to differ materially. Revival Gold Inc. trades on the TSX Venture Exchange under the symbol RVG and on the OTCQX under the symbol RVLGF. Investors are encouraged to review the company's official filings at sedarplus.ca and sec.gov before making investment decisions.
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