Quinsam Capital Corp (QCAAF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

All right. Well, good morning, everyone, and welcome to the first quarter Quinsom conference call. It's only been a few weeks since the year-end call, so there's not a whole lot of news over the last number of weeks. The first quarter results are out. Best quarter we've had in a while. We made over a million dollars addition to NAB, and NAB is now nearing 12 cents a share. Second quarter is, at this point, also looking good. Obviously, there's still six weeks to go, but as of right now, our NAV has advanced from the end of the first quarter by another few hundred thousand dollars. Key performance drivers over the last number of months, probably the two most important, have been Nevada Organic Potash, which we've owned for quite a long time. We were kind of a seed investor there before it went public and have added since. You know, it's made a great deal of progress. When we started out, it had a, you know, $1 million valuation more or less. It now has just closed a financing of almost $5 million and is sitting with a $30, $40 million valuation. So that's been a very solid win for us. We've owned quite a lot of it. We've also sold quite a bit, but we did actually participate in the financing last week. Another key driver for us has been EDM Resources. This was a very modest purchase going back about two years ago. It's a Canadian mining company. They're looking at restarting a past producer in Nova Scotia. It's a very advanced situation. It's got a huge amount of capital that's being expended, and it's basically ready to go. It's just held up by really permitting issues. We put $150,000 in units with full warrants at $0.11, and the stock has lately been hovering around $0.50, which when you take the warrants into consideration, meaning this has been, you know, about a...