The term ‘junior miner’ refers to a small or micro-cap mineral explorer, mineral project developer, or small-scale producer. While a junior miner may have producing assets, most are pre-revenue exploration or development companies that are searching for new mineral deposits (i.e. gold, silver, copper, platinum, palladium, etc.) or trying to expand upon one. Non-producing junior miners have no cash flow and are almost solely reliant on equity financings to fund their operations and exploration programs, making them highly speculative investments that are not suitable for most investors.