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Rick, I think our readers would like to know a little bit more about
you and how you came to be CEO of Harvest.
Rick Mark, President and CEO, Harvest Gold:
Well, I think we met probably 20 years ago, Rick, when I had begun my
time with a group of guys who had a company called Rare Earth Metals,
which became VMS Ventures. We were exploring in Manitoba at that time.
During that early time, 20 years ago, people came to us with a shell
company.
We looked at that and it became Pancontinental Uranium. In that same
time frame, as I recall, Rick, we spun out the gold assets. I think
Harvest Gold was a spin-out back then.
It shows you how long ago it was. And it was part of our group of
companies early on. And so, at that point in the office, we had
Pancontinental Uranium, Harvest Gold, and VMS Ventures.
After roughly two years the group decided I was best suited to be the
CEO. I think that comes from my earlier history of being a high school
principal. I’d also led curriculum projects for the province. My
experience really was in running things. And I’d just spent ten
years in the Public Company space, so I was ready for the role.
I’m comfortable talking to various audiences. In the case of
these companies, its investors, its brokers, its geologists, so
I’m comfortable in speaking to different groups as I got more
educated about the complexities of business.
RM: What did you learn from all of this?
RMark: Ultimately, I learned that I needed
really talented geologists with me, because I am not a geologist. I
never pretend to be a geologist. I had also learned a good deal about
the public reporting aspect of this, which told me you need a strong
CFO, and you need a strong corporate secretary. The underpinnings of
the company, if you will, are there.
You don’t want people to find out about your company through
failures of the legal side or the corporate reporting side, and I
think we’ve been able to manage that extremely well through the
years, and around me over those years I’ve managed to keep a
strong core of geologists.
Neil Richardson’s been with us since about 2007 or 2008 with VMS
Ventures. He’s now the Vice President of Exploration for Hudbay
Canada. He’s responsible for Canada, and he’s a guy that
is still on our Technical Advisory Board, and one of my close
confidants on anything to do with geology, and interestingly, Rick,
you may remember this, Neil actually worked on Windfall in the early
days, so the group, as you’ll see on our website, including
Director Pat Donnelly, are just a powerhouse group of geologists.
So, over time I’ve honed my skills as a CEO, I understand my
responsibility and built a very strong technical team that is willing
to go along with me on these various adventures.
RMills: You briefly worked in BC and met Crescat
Capital.
RMark: Yes, Harvest has had a recent life here in
British Columbia, where we mounted a drill program in the Smithers
area looking for near-surface gold. We encountered Crescat, who, as we
all know now is our largest shareholder at 19.9%, and a very active
and intelligent fund in this space.
Unfortunately, we didn’t find that near-surface gold, and then
the last two years, we’ve been fighting hard to tell the story
of these three great properties in Quebec, with this team that is the
essence, the strength of Harvest, and with Crescat continuing to be
our largest shareholder, to the point now, Rick, where after two
years, we’ve just completed a drill financing.
We have an additional $500,000 closing from a large European investor,
who will end up being somewhere around a 9.9% shareholder, and I
consider that to be a great compliment to the team and the work that
we’ve done. So that’s about a four-minute review of the
last 20 years.
RMills: I’ve talked to Neil and a few of
the other guys, and I was always impressed by the team. They’re
a very smart, savvy, experienced bunch of guys, and I’m glad
you’ve still got them. I like the continuity.
Can you give us a brief acquisition history and rundown on each of the
projects and where we stand right now?
RMarK: Sure, a couple of years ago Daniel
Rodriguez, who was CEO of EGR Exploration (TSX.V:EGR), talked to me
about their Urban Barry property. The Urban Barry property was
interesting because it has about 17 kilometers of the Urban Barry belt
itself.
The deal was very reasonable. They were in a position where they were
trying to raise money for their Detour West property, and this was a
second property of theirs.
I immediately brought Neil in, and Neil really loved the cross-cutting
structures on the Urban Barry Belt, on the major structure running
east-west, he said, “Look, I think you should pick this
up.”
So, I looked at it and thought, “Well, we can’t build a
company just on that.” But Daniel Rodriguez said, “I know
that a company called Vior who have spent about four years putting
together a project called Mosseau which is very close to Urban
Berry.” So, I took a look at Mosseau and I called Vior and met
their CEO, Mark Fedosiewich
That was about the time you and I talked first talked about Harvest,
two years ago in August. So, we met Daniel two years ago, April-May,
made a small deal, and then began working on putting Mosseau into the
project, and that took, between lawyer delays, various things, almost
six months, and it was a year and a half ago, or perhaps a year and
three quarters ago, when we got Mosseau. And Mosseau is the highlight
flagship property because of the work that’s been done on it
over many years.
And Vior took, and people may not be aware of this, Rick, Vior took
four years to amalgamate the various properties inside Mosseau into
one property. So, what we were able to get a hold of is the product of
that work. We would not have had time as a small company to do that.
And so, we made a deal that I thought was reasonably fair with Vior.
It’s a little bit loaded on the back end for their shares, which
is fine with me. Companies dilute over time.
They’ve been excellent partners. We are up to speed with
everything that we owe to Vior, and we’re getting ahead of it,
as we’ll talk about. So that got us an opportunity, Rick, to own
100% of Vior’s Mosseau project.
RMills: You brought on Louis Martin, a French
Canadian, to help with working in Quebec.
RMark: Yes, Pat Donnely introduced us to a gentleman
called Louis Martin, who is really our chief geologist, our
Quebec-based geologist, he’s a very important guy on our team
and is really running the program around our team of advisors. He was
on a meeting just this morning with three of our geologists, for
example.
Louis was able to bring his Abitibi, Quebec and French-language
experience that’s required to work in Quebec. And he knows all
the players in the industry who are key to our success.
One day, Louis says to me, “You know, down to the south of
Mosseau is unstaked ground.” And that is what we ended up
staking and naming LaBelle. And on that now 100% owned property you
see an extension of the structures that run right through Mosseau.
RMills: What is the Kiask River Mineralized Corridor
and how important is it?
RMark: The Kiask River Mineralized Corridor is the
major structure that runs through Mosseau all the way through LaBelle.
By the way we have now flown La Belle, and the mag details are coming
soon.
So, we now are in possession of about 50 kilometers of structures in
the Urban Barry Belt area. The Mosseau, Urban Berry and LaBelle
structures, as Quinton said famously in an interview with you in July, are the mirror image
of the structure that holds the Windfall deposit and the other
deposits on that side, which gave us great confidence.
So, we now have the opportunity to own 100% of 50 kilometers of what
we consider to be a very important through-going structure in this
area. And we’re now very large landholders in the Urban Barry
Belt, surrounded, by the way, by Gold Fields (NYSE:GFI).
RMills: Tell us a little more on Vior and Osisko
(TSX:OSK) and the Gold Fields’ move into the area. I think
it’s important for our readers to know who we got Mosseau from,
you wanted the pieces to build a company on, and you went to Vior.
RMark: Well, what’s important to the story
is that Gold Fields arrived in the belt. They first began talking to
Osisko Mining about Windfall and the properties that Osisko Mining
owned in the Urban Barry Belt, I think a couple of years ago is safe
to say, maybe longer. And they announced their intentions, I
don’t know, a year and a half or so.
And then sometime perhaps nine months ago or so, perhaps a year by
now, they made the deal and effectively valued Windfall and all the
properties at $4 billion. And so that gave us instant credibility, as
you can imagine. If you look at our website and one of my favorite images shows basically Gold Fields
owning all of the Urban Barry Belt around us.

So, Gold Fields not only bought the Windfall deposit, but all of the
exploration ground that Osisko Mining had built over a number of years
in this area.
Now, what’s also interesting is that about January, a situation
was set up between Osisko Mining and Vior. And it was what I would
describe as a very friendly management takeover of Vior.
So, I guess the senior managers at Osisko Mining were looking for
something to do. They talked to Vior and sure enough Vior said,
“Well, why don’t you come and run our company?” And
Mark Fedosiewich, the CEO of Vior at that point, was quite happy to
move to the role of chairman. He had built Vior, done all that great
work.
He was at a stage in his life where the move to chairman was
excellent. And he knew as a very loyal shareholder that bringing in
the Osisko Mining guys would give them all the credibility they could
ever have with Osisko Mining’s experience and that’s
including developing Windfall into a $4 billion asset. So, we now have
partners in Vior who include the Osisko Mining senior management.
They know this belt. They know Mosseau. They know this area. And
they’ve been assisting us by staking ground to the south and the
north of Mosseau, for example, and including it in our deal.
We’ve got smart, experienced partners in Vior who are very
comfortable I think with our team doing our job, which is to develop
Mosseau.
So that’s the umbrella picture. It’s incredible, really. I
loved the story when it was just Osisko Mining and Windfall, Rick, but
for Gold Fields to come in and spend $4 billion to own the belt and
the deposit and then to get the extra kiss of the ex Osisko Mining
guys to be our Vior partners it’s just sort of this incredible
story that from what we talked about two years ago, when we took on
Urban Barry and we were discussing getting Mosseau into the fold.
I’m very proud of where we are today.
RMills: I think there’s been a couple of
very, I’m going to call them brilliant moves. I’m not arm
waving because things have worked out quite spectacularly for Harvest
Gold and you’re the CEO. You can take a lot of the credit for it
as well as the team that you’ve managed to put together and keep
together.
Now, what I like is when Quinton Hennigh of Crescat said this was a
mirror image of the Windfall; he meant a lot of the exploration and
the cross-cutting structures and everything.
I look at this and I look at Harvest Gold and we might have a mirror
image to a $4 billion project. I wrote my first article in August of ‘24 about what you had, what you were doing
and what you put together over the last year since we had first talked
about this.
I look at this and I think so much has changed in the junior market,
you’re starting to see money flow down into the juniors. Give us
a little bit of your take on how the market’s changed.
RMark: Well, you know, frankly, I think
it’s over the last three months really the energy has changed.
And the gold price of $3,600, it certainly has helped the juniors
getting financed and aggressively financed. So it’s really one
of these deals, and you’ve been in the business long enough as I
have, where you kind of have to hang in there until the next wave goes
up on the shore because you’re still paddling out there beating
the surf and trying to get to shore and trying to survive and, you
know, whatever you can do to keep yourself afloat, literally.
I mean, we had to do a small bridge financing in April because this
same European investor now stepping up, got spooked by the Trump
tariffs in April, as a lot of people did. And so, I think there now is
a market for good exploration stories, and we are a really, really
good exploration story.
Of course, what we’re hoping for is exactly what you described.
There’s a $4 billion asset sitting over there. Are we the mirror
image? That’s a great question. We do have a through-going
structure. We do have cross-cutting structures. We’ll find out.
RMills: The amount of work that has been done on
Mosseau is limited, the amount of work done on the other two land
packages is almost nil.
RMark: A lot of the property package has never been
worked, some a bit, the little bit of drilling that has been done has
not been deeper than 250 meters.
Nobody really knows anything about this yet. If you look at the
drilling at Mosseau in the ‘80s, it was done by different
companies. It was sporadic. It wasn’t ever done with
today’s technology, and we were able to consolidate the data
related to the historic work that had been done, which our team has
done, ahead of our drilling.
I think we’re in a position now where juniors have a shot, and
audience building is always a challenge. I think we’ve got
people very experienced helping us with that.
Ultimately, results matter, and a commitment, Rick, by these bigger
groups who aren’t going away. Crescat has money to keep
financing us, which they’ve done every financing. This European
group wants a position so they can continue to support us.
The two Quebec exploration funds, SIDEX and NQ Investimente have now
invested and are supporting us, and they have the money to support us
again. All of that is about relationship building, which started with
my initial contacts with them, and then their time with our technical
team. They need to have comfort at their management level and then at
their technical level that we can handle the money; we can spend the
money properly.
But in order for them to even talk to us, they have to say, “You
have a chance,” and I think we do. One thing I’ll say is
that the gentleman who runs NQ, beautiful guy, he says, “Rick, I
look at all these northern opportunities because we’re looking
for stories we can support in the north of Quebec, and there are no
companies with properties, at least very few I’ll say, with the
properties, the size that you have.”
So, we do have real estate. We do have sizeable real estate. We own
it. All things going well here we’re going to put ourselves in a
position very soon where we’ve confirmed 80% ownership of
Mosseau, which is how the deal was built. Yeah, I’m happy that
the market has caught up with us, and we did hang in there waiting for
the wave, and I think we’re on shore now.
We’re going to announce a little bit more work with extra money
we’ve raised, and I like where we are.
RMills: You can never predict what’s going
to happen, but really this market cycle is no different than any
others we’ve been through. The price of metals rise, the majors
move, and it comes down into the mid-tiers, and then the juniors move.
Right now, there’s just a dribble coming through the dam to the
juniors. It’s starting to pick up. Through the first six months
of this year juniors were able to raise more financing than they did
in all of 2024.
So that’s a really good sign. But when the floodgates really
open there’s going to be a massive amount of money come into
this sector and getting positioned in a lot of juniors right now is
probably a smart move.
I didn’t play in BC with you, but I’m certainly on board
with what you’re doing here in Quebec. I think we’re just
getting started in this metal cycle.
What excites me about Harvest Gold is that you guys have projects that
really could deliver substantial deposits. You’re not just
running around writing press releases and, you know, take a sample
here and take a sample there. You guys have got projects that could
deliver long intercepts of some really good grades, and we could
really build off just a little bit of success, and that’s what I
like.
If you were a retail investor and you were looking at this, why would
you invest in Harvest Gold?
RMark: Well, I think you’re making the
point. I’ve said before, Rick, that in one of the bullish-type
junior markets, if you say we’ve got 50 kilometers of strike
length, we’re in the Abitibi, we’re in Quebec, we’re
in a belt that’s now owned by Gold Fields, they’d be
saying what’s the symbol? That’d be enough. Come on, that
would be enough.
The interesting thing is that was enough for Crescat. If you look at
Quinton’s initial comments on the structures, well, we heard the
Osisko Mining guys called it through-going structures, which I like.
The through-going structures of these properties.
Louis refers to them as strike lengths. I don’t say that. I mean
that’s a pretty aggressive term.
All of that, in the right political jurisdiction, in the right
geological environment, that is the Abitibi, you don’t need to
know any more, Rick. Now, are the guys running the deal straight up or
are they just promoters? I think we’ve proven we are serious to
the market.
Do they have the technical team that can get to the answer if there is
an answer? I think we’ve proven that to the market. And we also
have supporting that technical team, Quinton and Crescat. You know,
when I talk to Neil, he’s got a $50 million exploration budget
for Canada every year, I’m talking to a guy who runs advanced
drill programs. So yeah, I think we’re everything that one would
say, “I’ve got to own this stock.”
You don’t own one junior stock. I mean, that’s great if
you do and you love Harvest. But the guys that we’re talking to
own hundreds of these things, or 20s and 30s or 80s of them. They do
that because they know the odds of success are still long.
But we are putting together one of these great checklists where
everything until drill results says the box is ticked. And I do think
that’s the case. And then drill results are going to be
interesting.
We know it takes a lot of time to find a deposit. So, it’ll be
up to us to create a value proposition out of our drill results. And
let people know that we are advancing these properties.
In a perfect world like with VMS Ventures, you get a drill result that
shocks the world. Then you never need to market your company again
because the entire world knows you’ve got a massive strike
before literally the ink is dry, if you like. Now that is an old
analogy on the press release.
So, we’ll see. We’ll see once we get drill results in, who
we are in the next phase. We’re at work. We’ve got money
in the bank. And now we can go about building this company and making
discoveries.
RMills: I talked before about buying a handful
of popcorn kernels and you throw them on the heat. You know some of
them are going to pop. Some of them aren’t. And that’s why
you have a basket.
But you still have to be a stock picker in picking the companies that
you put in your bag of kernels. As a shareholder you should know that
you’re getting the best projects, the lowest-risk profile, the
lowest-cost exposure, and most of the money is going into the ground
so that the exploration team can actually make discoveries, because
true wealth in this sector is created at the end of the drill bit.
And what I like about Harvest Gold is you guys are going drilling and
you’re not going to quit going drilling. I look at the money
you’ve raised, I look at who’s backing you, I see the
warrants to be exercised and I know the money is there and I know
you’re going to spend it on drilling so for me I’m looking
at staying in this company and see if we can build something and
that’s where I want to be.
I don’t think there’s anything we missed here, Rick, is
there anything that that you think we need to cover or maybe put a
wrap on it here?
RMark: No, I think we talked about the things
that matter.
RMills: It was great talking to you and thanks
for your time.
RMark: Ok great job, appreciate it, Rick.

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Richard owns shares of Harvest Gold (TSX.V:HVG). HVG is a paid
advertiser on his site This article is issued on behalf of HVG
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