Episode Details

Interview with Matt Manson, President & CEO of Radisson Mining Resources Inc.

Our previous interview: https://www.cruxinvestor.com/posts/quebec-gold-explorers-target-resource-growth-in-infrastructure-rich-mining-district-8326

Recording date: 3rd March 2026

Radisson Mining Resources is one of the more straightforward stories in junior gold right now: a deposit that is growing materially, in a world-class jurisdiction, with a management team that has built mines before and knows what it is doing. The company's O'Brien Gold Project in Quebec's Abitibi region delivered an 82% increase in inferred resources at PDAC 2026, lifting combined indicated and inferred resources from 1.5 million to 2.3 million ounces. That headline number is significant on its own. What makes it more significant is the context: Radisson has completed only 25% of its current 140,000-metre drill program.

The strategy behind that number is deliberate. Rather than incrementally converting existing inferred resources to indicated through infill drilling, management opted 15 months ago to test the full scale of the system through large stepouts drilling hundreds of metres beyond the known resource boundary and below the historic O'Brien mine for the first time. The 84% drill hole success rate on those stepouts, well above the 50–75% industry norm for infill work, tells investors that this is not a speculative land position. It is a geologically predictable system that keeps delivering where the model says it should.

CEO Matt Manson has guided consistently toward a 3 to 4 million ounce deposit. With 75% of the program still ahead, that target appears increasingly credible. More importantly, Manson has been clear that the company is not fairly valued at current prices and is not in the market for a premature transaction. The current program is about establishing what O'Brien is worth before any corporate conversation takes a deliberate and disciplined approach that is relatively rare at the junior end of the market.

From a development perspective, the project carries structural advantages that most junior gold assets do not. O'Brien sits directly on Highway 117 in the Abitibi region, surrounded by active mines with operating mills and available processing capacity. The economics of building a standalone mill in this environment simply do not make sense when third-party processing options exist nearby. This reduces the capital burden significantly and shortens the path from deposit to cash flow.

There is additional optionality in the historic O'Brien shaft, which extends to one kilometre depth on the property. The shaft is currently flooded and carries no formal liability for Radisson, but the company is quietly conducting engineering and environmental work to assess whether it can be rehabilitated. A functioning shaft would enable a more capital-efficient bottom-up mine construction approach and could support production rates of up to 2,000 tonnes per day.

The board brings nine combined mine builds across three directors, which is meaningful at this stage of a project's life. The team understands the development pathway and has been through it multiple times. For investors, Radisson in 2026 offers a clear value trajectory: a growing resource, staged catalysts through sequential resource updates, infrastructure-rich jurisdiction, and a management team with the track record and patience to realize full value.

View Radisson Mining's company profile: https://www.cruxinvestor.com/companies/radisson-resources

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