March 11, 2025 — PDAC 2025 marks a decisive turning point, reigniting investor enthusiasm in the mining sector. Anthony Milewski, Founder of The Oregon Group, boldly described this year’s event as “the best PDAC in the last 20 years,” attributing it to unprecedented attendance and renewed energy reflecting a significant market shift. Milewski emphasizes that after a prolonged stagnation, the mining sector is poised for growth, driven by robust fundamentals and a revitalized investor appetite for tangible assets, particularly gold. He asserts that major gold producers, now experiencing “huge free cash flow,” are setting the stage for microcap gold companies to deliver substantial returns, positioning these often-overlooked opportunities as prime targets for investors.
In addressing critical minerals, Milewski underscores the strategic imperative of reducing North America’s reliance on China’s dominant refining capabilities. He specifically highlights the urgency surrounding antimony, tungsten, gallium, and germanium—minerals vital to technology and defense sectors. Milewski notes China’s leverage in these markets, citing antimony as a prime example, where China restricted supply, causing prices to soar dramatically from approximately “$11,000 to $53,000–$54,000.” He advocates strongly for the development of North American refining capacity, positioning domestic mineral assets as not just economically attractive but essential for national security and long-term technological sovereignty.
Finally, Milewski shares forward-thinking perspectives on uranium, firmly supporting its continued prominence amid rising global energy demands. While acknowledging thorium’s potential, Milewski argues convincingly that uranium remains the most practical near-term investment, highlighting sustained global adoption and bipartisan support for nuclear energy as critical drivers. His advice resonates clearly: investors should focus strategically on gold juniors and critical minerals, alongside uranium, as these areas promise significant upside and critical roles in shaping North America’s resource independence and economic future.
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