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Top 5 Canadian Mining Stocks This Week: Homeland Nickel Gains 132 Percent

Investing 11 Mins Read

The Government of Ontario, Canada, announced on Tuesday (January 13) that it was accelerating permitting and development on Canada Nickel Company’s (TSXV:CNC,OTCQX:CNIKF) Crawford nickel project near Timmins, as part of its “One Project, One Process” framework.

The designation will help the project attract C$5 billion in investment funding to develop the mine and a nickel processing plant that will provide materials for the stainless steel and electric vehicle markets.

Once complete, the mine will create 1,300 jobs and support an additional 3,000 workers throughout the community and supply chain.

On the international stage, Canadian representatives, including Prime Minister Mark Carney, travelled to China this week for a four-day visit in hopes of improving relations between the two countries.

Among the results of the visit was a softening of tariffs on Chinese electric vehicles entering Canada. Under the new terms, Chinese companies will be allowed to sell up to 49,000 automobiles per year in Canada at a 6.1 percent tariff. In exchange, China has loosened its tariffs on Canadian canola to 15 percent, and removed all tariffs on canola meal, lobsters, crab and peas.

Additionally, the Canadian government announced on Friday (January 16) that it had reaffirmed a memorandum of understanding with China’s National Energy Administration. The MoU sees both countries strengthen cooperation over energy initiatives and advance dialogue over the energy transition; conventional, clean and nuclear energy; and uranium resources.

South of the border, on Sunday (January 11) US Federal Reserve Chair Jerome Powell issued a rare statement on his relationship with the Trump administration when he revealed that he had received subpoenas from the Department of Justice.

According to his remarks, US Attorney and Trump appointee Jeanine Pirro had opened an investigation into Powell’s oversight of the Federal Reserve’s building renovation project.

Although no charges have been laid, the investigation illustrates a deepening rift between the Fed Chairman and the Trump administration. Powell said he believes the investigation is related to the administration’s frustration over what it claims is a slow pace of interest rate cuts.

The president has previously stated his desire to replace Powell as the Fed’s chair, but because the Fed is independent, he can only do so with the support of Congress. While Powell’s term as chairman ends in May, his term as a Fed governor doesn’t end until January 2028, which may stymie Trump’s plan to gain greater control over the agency and its policy direction.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were on the rise this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.8 percent over the week to close Friday at 33,040.55, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared even better, rising 4.28 percent to 1,091.13. The CSE Composite Index (CSE:CSECOMP) also gained ground, rising 2.61 percent to close at 188.29.

The gold price continued to trade at all-time highs this week, reaching US$4,639 per ounce amid heightened tensions in the Middle East over protests in Iran and as the US contemplated military involvement. Overall, it gained 2.32 percent during the week, closing the week at US$4,582.81 per ounce on Friday at 4:00 p.m. EST.

The silver price performed even stronger, trading above US$93 per ounce on Wednesday at new highs. Although the price pulled back slightly by the end of the week, it still posted a weekly gain of 16.08 percent, closing Friday at US$89.36.

In base metals, the Comex copper price recorded a 2 percent drop this week to US$5.88.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 1.45 percent to end Friday at 562.91.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Homeland Nickel (TSXV:SHL)

Weekly gain: 135.71 percent
Market cap: C$65.57 million
Share price: C$0.33

Homeland Nickel has a portfolio of nickel projects in Oregon, US: Red Flat, Cleopatra, Eight Dollar Mountain and Shamrock.

In addition, the company holds investments in mining companies with nickel projects, including Benton Resources (TSXV:BEX,OTCPL:BNTRF), Canada Nickel Company and Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF).

Shares in Homeland surged this week following news on Tuesday that Canada Nickel’s Crawford project in Ontario was selected for the province’s “One Project, One Process” review framework, which will allow for an accelerated timetable for permitting and development of the asset.

Canada Nickel is Homeland’s top investment, holding 742,095 shares valued at C$1.08 million.

Homeland did not release news of its own this week, but its share price has also been supported by rising nickel prices, which climbed from a low of US$14,255 per metric ton in the middle of December to as high as US$18,785 on Wednesday.

2. Eskay Mining (TSXV:ESK)

Weekly gain: 89.66 percent
Market cap: C$108.21 million
Share price: C$0.55

Eskay Mining is an exploration company advancing its namesake project in the Golden Triangle region of British Columbia, Canada.

The property located in the province’s northwest sits on a land package of 130,000 acres, and hosts several gold and silver volcanogenic massive sulfide and magmatic nickel, copper and platinum group metals targets.

Final assay results from its summer 2025 sampling program at the site were released on November 7. The company said the batch consisted of 121 rock chip and channel samples, with 11 returning grades over 20 g/t gold and 31 with grades over 1 g/t.

At the time, the company said mineralization bears similarities to discoveries at Goliath Resources’ (TSXV:GOT,OTCQB:GOTRF) Surebet and Juggernaut Exploration’s (TSXV:JUGR,OTCPL:JUGRF) Big One projects. Eskay added that it can see a path to a maiden drill program in 2026.

The most recent news from Eskay came on Monday when it announced that Clinton Smyth had been hired as the company’s chief geologist for its 2026 exploration program. Smyth has spent 25 years in the industry working for Anglo American (LSE:AAL,OTCQX:NGLOY) and Minorco.

3. Batero Gold (TSXV:BAT)

Weekly gain: 86.36 percent
Market cap: C$23.61 million
Share price: C$0.205

Batero Gold is an exploration company focused on advancing its Quinchia project in the Department of Risaralda, Colombia.

The property is composed of one tenement covering 1,407 hectares, with an additional 155 hectare concession under application. A September 2022 mineral resource estimate was included in its management discussion and analysis for the year ending August 2025.

Across three zones, the project’s La Cumbre deposit hosts a contained measured and indicated resource of 2.2 million ounces of gold and 6.43 million ounces of silver from 51.73 million metric tons of ore with average grades of 0.5 g/t gold and 1.47 g/t silver.

The company has not released news in the past week, but its share price has surged amid significant gains in precious metals prices since the start of 2026.

4. Auric Minerals (CSE:AUMC)

Weekly gain: 82.14 percent
Market cap: C$11.22 million
Share price: C$0.51

Auric Minerals is a uranium exploration company focused on its Route 500 and Bub properties in Newfoundland and Labrador, Canada.

The projects are both located in Labrador’s Central Mineral Belt, with Route 500 consisting of 441 mineral claims across 11,025 hectares and Bub consisting of 318 claims across 7,949 hectares.

The more advanced Route 500 project hosts surface showings with high-grade uranium mineralization, while Bub includes strong radiometric anomalies covering 30 square kilometers and 20 square kilometers.

Auric announced on December 31 that it had acquired a 100 percent interest in the English Lake, Otter Lake and Kan projects, all located in Labrador, in exchange for 22 million common shares at C$0.315 per share, 8 million warrants, cash payments of C$32,000 and a 2.5 percent net smelter return.

According to the same release, the company also amended its option agreements for the Route 500, Bub and Portage properties deal to waive its additional obligations, including future cash payments, share issuances, and exploration expenditures, in exchange for 500,000 shares to each of the optioners for a total of 1.5 million shares.

On January 8, Auric officially acquired 100 percent of the three properties after issuing the shares.

5. Patagonia Gold (TSXV:PGDC)

Weekly gain: 80.22 percent
Market cap: C$432.5 million
Share price: C$0.82

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.

Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Its Calcatreu project, located in the Rio Negro province, is currently under construction. Calcatreu hosts a measured and indicated resource of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore, with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Thursday when it provided an update on construction activities at Calcatreu, which it has resumed following a holiday break.

In the announcement, Patagonia said it has extracted and stockpiled 40,000 metric tons of mineralized material from the Veta 49 pit. Of the material, the company said that 5,200 metric tons are expected to be stacked on the leach pad following electric leak detection tests later in January.

Additionally, Patagonia expects the carbon-in-column circuit construction will also be completed in January. After stockpiled material begins being leached and processed, the metal doré product will be sent to Canada to be refined in Ontario.

Patagonia expects to release an updated technical report for the project during the second quarter of the year.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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SAGA Metals Announces Additional Assay Results from Drilling at Trapper North, Confirming High-Grade Mineralization at Radar Critical Minerals Project in Labrador

Investing 11 Mins Read

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce the assay results for two (2) additional diamond drill holes (R-0010 and R-0011) from the Company’s Q4 2025 Phase of the Mineral Resource Estimate (MRE) drill program in Trapper North at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.

Trapper North Assay Highlights

  • Analytical results have now been obtained for all four (4) diamond drill holes in Trapper North Zone and constitute four (4) of eight (8) drill holes completed during the Q4 2025 Phase of the MRE drill program.
  • Analytical results to-date include numerous oxide-rich intercepts, including:
    • R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅.
    • R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅.
    • R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅
    • R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅
  • TiO₂ strength:
    • 42.6% of samples > 7% TiO₂ (700 samples majority of which are 2 m)
  • V₂O₅ strength:
    • 53.7% of samples > 0.2% V₂O₅ (700 samples majority of which are 2 m)
  • Continued consistency and increase in overall oxide concentration in Trapper Vs Hawkeye.

Assay Results from R-0010 and R-0011

  • Hole R-0010 (collared at the same location as R-0009 but oriented at 0° azimuth for true width assessment): Intercepted 135.5 meters (from 1.5 m to 137 m) grading 50.028% Fe₂O₃, 7.872% TiO₂, and 0.352% V₂O₅.
  • Hole R-0011 (100-meter step-out along strike from R-0009 and R-0010): Intercepted 95.15 meters (from 58.1 m to 153 m) grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅. Additionally, this hole also encountered a 22-meter interval of rhythmically banded oxide, suggesting more persistent layering occurs away from the concentrated mass in the fold nose.

For comparison with the rest of Trapper North, the following table summarizes key intercepts from all four drill holes completed in Q4 2025.

Description DDH FROM TO Length Fe2O3 TiO2 V205
  ID m m m % % %
High V2O5 Layer R-0008 37.76 117.72 79.96 45.63 8.40 0.33
High TiO2 Layer R-0008 170 237.6 68.26 46.15 9.21 0.31
TiO2 Layer R-0008 237.6 266.57 28.98 40.45 7.02 0.29
High TiO2 Layer R-0009 2.53 66 63.47 44.26 9.02 0.25
High V2O5 Layer (A) R-0009 94 181.2 87.20 50.67 10.15 0.34
High V2O5 Layer (B) R-0009 196.11 216.4 20.29 49.12 8.67 0.37
North Fold Section R-0010 1.5 137 135.5 50.03 7.87 0.35
North Fold Section R-0011 58.1 153.3 95.15 39.49 6.49 0.22

Table 1: Assay results and composites of R-0008, -0009, -0010 and -0011 from Trapper North.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘The successful assay results from all four drill holes at Trapper North mark a significant milestone for the Radar Project. These latest intercepts from R-0010 and R-0011 confirm the continuity of high-grade mineralization along the northern limb. This structurally related increase in thickness boosts Trapper as a standout zone with tremendous potential for titanium, vanadium, and iron mineral resources, advancing our goal of establishing a strategic North American supply of critical minerals.’

Figure 1-3 below outline all four drill holes in Trapper North with the corresponding intercepts at different viewing angles for a complete, accurate picture of the subsurface geometry:

Figure 1: Cross-Section BB looking West showing R-0008, -0009, and -0010 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 2: Cross-Section AA looking West showing R-0008, -0009, and -0011 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 3: Cross-Section N-11 looking Northwest showing R-0008, -0009, -0010 and -0011 highlighting high-grade intercepts in holes R-0008 & -0009 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the assays of R-0010 & R-0011 see Figures 1 & 2 Sections BB & AA.

Trapper North Drill Hole Details and Geological Insights

Hole R-0010 was collared at the same location as R-0009 but re-oriented to a 0-degree azimuth (compared to the standard 38 degrees) in order to test the northern limb of the Trapper North Fold. Both holes maintained a -45-degree dip. This allowed the team to drill directly through the anomaly and oxide layering at an optimal angle, enabling precise correlation of structural data between R-0009 and R-0010 while clearly defining the northern contact and limits of the oxide layer.

Hole R-0011, drilled as a 100-meter step-out along strike from R-0009 and R-0010, successfully tracked the continuation of the semi-massive oxide layer that is particularly abundant through the nose of the fold. Notably, it also intercepted a 22-meter interval of rhythmically banded oxide. This zone provides an outstanding window into the deposit, featuring exceptionally high VTM content.

Additionally, deeper oxide layering in R-0011, appeared to shallow toward the northeast—an intriguing observation that could indicate a potential at-depth connection between the Trapper and Hawkeye zones, further supporting the theory that this section of the property is one large lopolith. While this remains theoretical at present, the team intends to test the concept with future drilling once additional data increases confidence in its likelihood.

Mineral Resource Estimate Focus

The drilling in Q4 2025 at Trapper North forms part of the Company’s broader strategy to advance toward a maiden Mineral Resource Estimate for the Radar Project. The economic target is the large, continuous sections of oxide mineralization (semi-massive to massive VTM and ilmenite layers) that demonstrate consistent and exceptional grades in titanium, vanadium, and iron—critical minerals for North American supply security needed in defense, aerospace, renewable energy, and steel production.

Drilling these extensive oxide zones provides essential data on grade, thickness, continuity, and geometry, enabling the definition of a robust resource. The exceptional results from Trapper North validate the priority of targeting these enriched structural features. The rhythmic banding seen in drill hole R-0011 and in Trapper South to-date adds to the overall consistency and exceptional mineralization across the entire Trapper Zone. These elements inform the ongoing 2026 drill campaign, designed to systematically grid and delineate these zones across the Trapper Zone for increased resource confidence.

Next Steps at the Radar Ti-V-Fe Project

Personnel are expected to arrive in Cartwright, Labrador, today, and drilling will commence shortly thereafter.

The initial focus for the 2026 Radar Project drill program will be in the southern section of the Trapper Zone, also known as ‘Trapper South.’ SAGA’s geological team and Gladiator’s drill crews will take advantage of the extensive trail network created in the summer of 2025, allowing for an easy traverse for snowmobiles and the excavator used to move the drill. Drilling will begin at the southeastern extent of Trapper South, targeting approximately 30 holes (7,500 m). The program will then advance hole by hole back toward Trapper North, positioning the team to complete the remainder of the MRE drill campaign by spring.

Figure 4: Trapper Zone map outlining location of the initial 2026 focus for remainder of the MRE drill program to be completed in 2026  showing the TMI of the 2025 Trapper Zone ground magnetic survey Drilling will commence in Trapper Zone and move to Trapper North.

About Radar Property

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Figure 5: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill programs. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics, as shown.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 6: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Technical Information

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled intervals. The drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects, and pulps are kept and stored in a secure storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9fbcc9ec-44a3-43f1-a7d7-7dbec24f1040
https://www.globenewswire.com/NewsRoom/AttachmentNg/00fad501-cc58-48c0-b7aa-a89459811cc2
https://www.globenewswire.com/NewsRoom/AttachmentNg/ae31ec17-733a-47f6-a9fd-6a2248f91f77
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c36b8a7-5fc7-4ec2-9c73-d8ca9e544560
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa283bb3-a0d0-44b9-a334-319bd3d1fcc5
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ee3ee38-298e-44ac-b8db-1fda53783226

News Provided by GlobeNewswire via QuoteMedia

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Harvest Gold

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Investment Insight

Harvest Gold offers investors a compelling opportunity to participate in early-stage exploration within Quebec’s prolific Abitibi Greenstone Belt – home to some of Canada’s richest gold deposits – through three strategically located and 100 percent owned properties, with a flagship asset positioned for significant discovery upside.

Overview

Harvest Gold (TSXV:HVG)is a Canadian junior exploration company advancing a portfolio of three 100 percent owned gold projects – Mosseau, Urban Barry and LaBelle – located within Quebec’s world-renowned Abitibi Greenstone Belt. With more than 200 million ounces of historical gold production, the Abitibi is one of the most productive gold regions globally. Harvest Gold’s properties are strategically positioned within and adjacent to the Urban Barry Greenstone Belt, an emerging gold camp that has attracted sustained interest from major mining companies.

The Urban Barry Belt hosts several high-grade, multi-million-ounce deposits, including the Windfall deposit, developed by Osisko Mining and now owned by Gold Fields, as well as Bonterra’s Gladiator and Barry deposits. As consolidation by major producers continues across the belt, Harvest Gold controls three of the few remaining independent, district-scale land packages. With excellent road access, nearby infrastructure and newly exposed bedrock from recent forest fires, the company’s properties offer exceptional discovery potential.

Harvest Gold’s strategy is underpinned by a highly experienced management and technical team. CEO Rick Mark brings over 30 years of leadership in public resource companies, having guided his 2000’s group of four companies to peak valuations of approximately C$200 million. The technical team includes Louis Martin, a two-time AEMQ “Discovery of the Year” award winner, and Warren Bates, former VP exploration at Pelangio Exploration and part of the Blackwater discovery team. Together, the team brings deep expertise in structural geology, Abitibi-focused exploration, and discovery-driven value creation.

The company is supported by Crescat Capital, a respected institutional investor with a strong record of backing early-stage discoveries. Crescat’s involvement reflects the endorsement of its strategic advisor, Dr. Quinton Hennigh, who has highlighted the district-scale opportunity created by Harvest Gold’s land position along the Wilson Pluton–volcanic contact.

Company Highlights

  • Flagship Mousseau Project: Large-scale, advanced-stage exploration property with multiple confirmed gold-bearing shear zones.
  • Tier-one address: All projects located in Quebec’s Urban Barry Greenstone Belt where Gold Fields recently acquired Osisko Mining’s world-class Windfall deposit and much of the rest of the Urban Barry belt.
  • Institutional Backing: Crescat Capital, with renowned exploration geologist Dr. Quinton Hennigh, owns 19+ percent of Harvest Gold.
  • Skilled Technical Team: Leadership includes seasoned geologists and executives with proven discovery and development track records.
  • Favourable Jurisdiction: Operates in Quebec, a politically stable, mining-friendly province with excellent infrastructure and low exploration costs.
  • Strategic Timing: Harvest Gold has commenced its maiden drill program at Mosseau during a period of historically strong gold prices.

Key Projects

Mousseau Gold Project

The Mosseau Gold Project is Harvest Gold’s flagship asset, comprising approximately 195 claims covering about 9,740 hectares in the northern Abitibi Greenstone Belt of Quebec. Located roughly 15 kilometres east of Lebel-sur-Quévillon, the project benefits from year-round road access and established regional infrastructure. The property is bordered to the north by Gold Fields and Cartier Resources and lies near a large claim block staked by noted prospector Shawn Ryan, placing Mosseau within an active and highly prospective exploration corridor.

Geologically, Mosseau straddles two major structural corridors: the Morono Shear Zone and the Kiask River Fault Zone. These structures host classic shear-related gold mineralization, characterized by multiple stacked quartz–sericite shear zones ranging from less than one metre to more than 30 metres in width, with demonstrated continuity along strike and at depth. To date, 49 significant surface gold showings have been identified, along with a historical, non–NI 43-101 compliant gold resource at the Morono Zone.

In 2024, Harvest Gold completed a high-resolution airborne magnetic survey over the entire Mosseau property. This modern dataset identified previously unrecognized structures and magnetic domains, significantly refining drill targeting. Follow-up mapping, prospecting, and soil geochemistry—greatly enhanced by new bedrock exposure from the 2023 forest fires—outlined multiple high-priority targets along both the Morono and Kiask River structural corridors.

In 2025, Harvest Gold commenced its maiden diamond drill program at Mosseau, targeting priority zones in the Northern and Central areas of the property. Results from the first six drill holes confirmed the discovery of a new, previously untested mineralized horizon approximately 100 metres east of the Trench 1B showing. This newly identified horizon is associated with a moderate induced polarization anomaly that can be traced for approximately 600 metres along strike and remains open.

Recent drilling highlights include:

  • 1.90 g/t gold over 5.4 metres, including 8.67 g/t gold over 0.6 metres
  • 1.10 g/t gold over 6.0 metres, including 2.02 g/t gold over 1.5 metres
  • Higher-grade gold associated with semi-massive sulphides containing elevated silver and base metals (copper, zinc, lead)

Fourteen drill holes totaling 3,030 metres have now been completed, representing approximately 60 percent of the planned 5,000-metre program. Drilling is ongoing, with results continuing to demonstrate the scale, continuity, and polymetallic character of the Mosseau system.

With its district-scale footprint, proven gold endowment, improving geological model, and active drilling success, the Mosseau Project is well positioned to evolve into a significant discovery with strong potential to attract strategic partners or acquirers.

Urban Barry Property

Acquired from EGR Exploration, the Urban Barry property comprises 6,879 hectares located west of the Osisko/Gold Fields Windfall property. The project spans 20 km of favorable strike length and sits along the southern margin of the Urban Barry Greenstone Belt.

Key advantages:

  • Analogous geological setting to Windfall and Gladiator
  • Road-accessible with mapped deformation zones and quartz-vein hosted gold indicators
  • 2024 magnetic surveys and fieldwork completed; drilling strategy is in development

LaBelle Project

Staked in 2024, LaBelle covers 3,394 hectares and represents a 9 km southeast extension of the Kiask River Fault. It mirrors the geological setting of Mousseau, with similar NW-SE oriented shear zones and structural contacts between the Wilson Pluton and volcanic sequences.

Though early-stage, LaBelle offers:

  • District-scale exploration potential
  • Proximity to Harvest’s other assets for operational synergy
  • Favorable structural and lithological environment

Management Team

Rick Mark – President, CEO and Chair

With more than 40 years of leadership in public resource companies, Rick Mark previously helmed VMS Ventures, North American Nickel and Pancontinental Uranium, each achieving peak valuations of C$200 million.

Louis Martin – Senior Technical Advisor, Quebec Exploration

A Quebec-focused geological consultant with more than 40 years of experience, Louis Martin is the former VP of exploration at Clifton Star Mining, where he led the team developing the Duparquet deposit. He is a multiple-time recipient of the AEMQ “Discovery of the Year” award.

Pat Donnelly – Independent Director

Recently VP capital markets at Tutor Gold, Pat Donnelly is a former co-founder and president of First Mining Gold, where he executed eight M&A deals growing the company’s market cap from $30 million to $600 million.

Len Brownlie – Independent Director

Len Brownlie brings more than 30 years of executive leadership in mining exploration. He is the former president of Goldrush Resources and director of First Silver Reserve.

Christopher Cherry – CFO and Director

Christopher Cherry has more than 15 years of experience in corporate accounting and audit for public companies. He oversees Harvest Gold’s financial strategy and compliance.

Ed Zablotny – Independent Director

Ed Zablotny boasts over 35 years in venture capital markets with expertise in trading, credit and regulatory compliance.

Warren Bates – Geological Team

Warren Bates is a veteran geologist with 30+ years in gold and base metals exploration. He is the former VP of exploration at Pelangio Exploration and part of the Blackwater deposit discovery team.

Henry Awmack – Geological Team

Henry Awmack is the co-founder of Equity Exploration Consultants, with over 40 years of exploration experience. He was notably involved in early work on the Cobre Panama copper-gold deposit.

Neil Richardson – Geological Team

Neil Richardson is a geological consultant and the VP Explorations for Hudbay Minerals. He led the team behind the discovery and development of the Reed Mine while at VMS Ventures.

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Tech Weekly: Chip Stocks Soar on Taiwan Semiconductor Earnings

Investing 4 Mins Read

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    Tech stocks experienced sharp swings this week, starting on relatively firm footing before a broad selloff midway through the period gave way to a late rebound in semiconductor companies.

    A Sunday (January 11) statement from US Federal Reserve Chair Jerome Powell put pressure on US stocks ahead of Monday’s (January 12) open, with ‘sell America’ sentiment prevalent among investors. Powell’s comments centered on a Department of Justice criminal probe into his testimony about Fed building renovations.

    Financial and payment companies, including major credit card issuers, also sold off at that time following political pressure for a cap on credit card interest rates. However, the overall reaction was muted during Monday’s trading session, with some early dips recovering fully, and indexes closing at record highs.

    Rotation continued to be a major theme this week, with money moving out of some mega-cap tech names and into chip stocks, small-cap companies and resource plays. Intel (NASDAQ:INTC) and Advanced Micro Devices (AMD) (NASDAQ:AMD) rallied early on after being upgraded to “overweight” by KeyBanc Capital Markets on Tuesday (January 13). Citigroup (NYSE:C) also lifted its Intel rating to “neutral” from “sell.”

    Wednesday (January 14) brought heavy selling in tech stocks, with high-flying growth names seeing losses; however, Google’s (NASDAQ:GOOGL) and Apple’s (NASDAQ:AAPL) losses were comparatively mild.

    Chipmakers were the bright spot, with the real catalyst coming on Thursday (January 15) after Taiwan Semiconductor Manufacturing Company’s (NYSE:TSM) blowout quarterly results triggered a rally across chipmakers and chip equipment stocks, including Micron Technology (NASDAQ:MU), Broadcom (NASDAQ:AVGO), Qualcomm (NASDAQ:QCOM), AMD and ASML Holding (NASDAQ:ASML), which hit a US$500 billion market cap on Thursday.

    This performance helped stabilize the broader tech space, although caution lingered.

    3 tech stocks moving markets this week

    1. Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

    As mentioned, Taiwan Semiconductor reported blowout Q4 results and upbeat guidance on Thursday, fueled by relentless artificial intelligence (AI) demand. Revenue jumped 36 percent year-on-year, with management projecting 20 to 25 percent growth in 2026. Shares climbed 5.8 percent on the week.

    2. Applied Materials (NASDAQ:AMAT)

    Applied Materials gained 8.56 percent amid the broader semiconductor equipment surge.

    The company’s high-bandwidth memory revenues hit US$1.5 billion in its 2025 fiscal year. This new growth engine is tied directly to NVIDIA’s (NASDAQ:NVDA) GPU roadmap.

    3. KLA (NASDAQ:KLAC)

    KLA, a key supplier of process control equipment to chip fabricators, rode the Taiwan Semiconductor tailwind, rising 11.99 percent for the week as investors bet on sustained CAPEX from foundries.

    Taiwan Semiconductor, Applied Materials and KLA performance, January 12 to 16, 2025.

    Chart via Google Finance.

    Top tech news of the week

                Tech ETF performance

                Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 5.04 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a gain of 4.89 percent.

                The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 3.76 percent.

                Tech news to watch next week

                Next week brings a packed slate of catalysts that could shape tech sentiment.

                Intel is set to report its Q4 earnings on January 22. Recent upgrades have the stock at 52 week highs, but investors will probe foundry progress and AI revenue traction for proof of a sustained turnaround.

                Davos starts on January 19, with AI and energy infrastructure front and center. Global leaders and tech executives will tackle data center power crunches and supply chain frictions, with potential hints on tariff policies.

                The US Supreme Court is due to deliver rulings on the morning of January 21, including challenges to Trump’s global tariffs, while the House Financial Services Committee will hold a markup on the Financial Innovation and Technology for the 21st Century Act (FIT21), with a floor vote possible soon.

                Key economic releases include retail sales on January 20, flash purchasing managers’ indexes and jobless claims on January 22 and existing home sales on January 23. These will test the soft landing narrative.

                Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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                Editor’s Picks: Gold Price Breaks US$4,600, Silver Tops US$93 in Record-Setting Week

                Investing 4 Mins Read

                Gold and silver are wrapping up yet another record-setting week that’s seen economic uncertainty and geopolitical tensions combine to push prices upward.

                The yellow metal moved decisively through US$4,600 per ounce on Monday (January 12), trading above that level for a decent amount of the week.

                For its part, silver reached what’s perhaps an even more impressive price milestone, surging past US$90 per ounce and breaking US$93 on Wednesday (January 14).

                At this point, there’s a very long list of factors providing support for the precious metals, and we don’t have time to touch on all of them today. Instead let’s take a look at a few that have been making headlines over the past week or so and break them down.

                First, there’s the latest news in the clash between US President Donald Trump and Federal Reserve Chair Jerome Powell. On Sunday (January 11), Powell said that two days earlier, the Department of Justice had served the Fed with grand jury subpoenas threatening a criminal indictment.

                I had the chance to speak with Mario Innecco, who runs the @maneco64 channel on YouTube, not long after Powell’s statement — here’s how he summed it up:

                ‘They’ve subpoenaed documents, and it’s supposed to be related to the renovation of the Fed’s headquarters in Washington, DC. But Jay Powell came out and said it’s not, it’s basically because they want him to cut rates.

                ‘And he’s probably right. I think they’re using any kind of, let’s say tricks, to try to get rid of him, because I think the administration, even though they talk about how the economy is doing so great, they are desperate.’

                Trump himself has said he had no knowledge of the investigation, and has also asserted that he’s not interested in firing Powell, whose term as Fed chair wraps up in May.

                Nevertheless, the situation has reignited concerns about Fed independence, and has provided support for gold and silver, which tend to fare better when rates are lower. The next Fed chair, who has not yet been appointed, is widely expected to fall in line with Trump.

                In addition to that, geopolitical tensions have remained high. Venezuela is still in the spotlight after its former president was removed by the US last week, and this week Trump warned that the US would intervene in Iran if its executions of anti-government protesters did not stop.

                Iran responded by saying it would strike US bases if that happened.

                Those events and others are boosting safe-haven demand for gold, as well as silver, but I want to hone in on a couple more points on the silver side that I think are worth looking at.

                One of those is the news that the US plans to hold off on new critical minerals tariffs after receiving the results of a Section 232 investigation launched last year.

                While a presidential proclamation states that imports of processed critical minerals and their derivative products do constitute a national security risk for the US, the country will first take steps such as negotiating supply agreements with other nations.

                Silver was recently designated a critical mineral in the US, and some market watchers believe this news out of the US was responsible for a midweek price dip for the white metal. However, others continue to highlight silver’s deeper underlying drivers.

                I heard recently from Andy Schectman of Miles Franklin, who emphasized that a key element supporting silver right now is the fact that more and more entities are standing for physical delivery.

                Here’s how he explained what he’s seeing:

                ‘For years I’ve been saying … that the most well-informed, well-funded traders — and I’ll highlight well informed, that being the central banks — have been standing for delivery since 2020. Very unusual, because really no one ever stood for delivery. And this started to accelerate. But all along, the US was not part of this game. We were seeing it in the Global South with the BRICs. And now all of a sudden we are seeing the most well-informed traders in North America stand for delivery in massive amounts.’

                Gold ended the week just below US$4,600, while silver was slightly above US$90.

                Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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                Maiden Sampling Identifies District-Scale Critical Minerals System at Blue Lagoon – Greenland

                Investing 4 Mins Read

                Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) is pleased to announce the results of its 2025 exploration program completed at the Company’s 100%-owned Blue Lagoon Project in Greenland (Figure 1).

                Highlights

                • Maiden sampling program at the Blue Lagoon Project (Blue Lagoon) unlocks new Zirconium (Zr) and Rare Earth Elements (REE) potential district in Greenland.
                • First sampling program at Blue Lagoon since 1979 has successfully returned elevated Zr + REE mineralisation. All 113 samples returned anomalous values, across a ~2.7km strike – indicating a highly prospective new critical metals district in Greenland.

                Zirconium & Hafnium

                • Exceptional high-grade Zirconium Oxide (ZrO2) and Hafnium Oxide (HfO2) surface samples include:
                  • 4.42% ZrO2 & 98ppm HfO2 (Sediment Sample 26818D)
                  • 4.09% ZrO2 & 99ppm HfO2 (Sediment Sample 26817D)
                  • 3.82% ZrO2 & 82ppm HfO2 (Sediment Sample 26808D)
                  • 3.58% ZrO2 & 61ppm HfO2 (Sediment Sample 26820D)
                  • 3.13% ZrO2 & 62ppm HfO2 (Sediment Sample 26803D)
                  • 2.85% ZrO2 & 73ppm HfO2 (Sediment Sample 26806D)
                • >2% ZrO2 and >40ppm HfO2 encountered in auger holes and sediment samples across the entire ~2.7km strike, indicating a large-scale, broad and well mineralised target area.
                • Hafnium is a critical semiconductor metal, which has become vital for supercharging the next-generation microchips and semiconductors, due to its high-K constant (dielectric constant) allowing Hafnium to store significantly more electrical charge than traditional SiO2 based semiconductors.
                • HfO2 has a K-constant approximately ~6x higher than SiO2, with one of the highest melting points of any compound, resulting in >1000x reduction in electron leakage through transistors versus SiO2 – underpinning the next generation of high-performing semiconductors1.
                • HfO2 (High Purity) indicative sale price currently at AU $16,297/kg, reflecting its advanced chemical properties, increasing demand in high‑tech applications, and the scarcity of hafnium‑bearing minerals2.
                  • Blue Lagoon sampling has confirmed a ~2.7km strike with >2% ZrO2 and >40ppm HfO2 at surface, with potential for Hafnium grades to concentrate further at depth, subject to drilling confirmation.

                Rare Earths

                • The Blue Lagoon Project has returned high-grade REE results with consistent elevated Magnet Rare Earth Oxides (MREO)13 encountered at surface, with Total Rare Earth Oxide (TREO)13,16 grades highlighted by:
                  • 8,079 ppm TREO with 29% MREO (Sediment Sample 26824D)
                  • 6,491 ppm TREO with 27% MREO (Sediment Sample 26801D)
                  • 5,668 ppm TREO with 27% MREO (Sediment Sample 26824C)
                  • 5,654 ppm TREO with 27% MREO (Sediment Sample 26823D)
                  • 5,519 ppm TREO with 25% MREO (Sediment Sample 26818D)
                • Blue Lagoon has shown exceptional Heavy Rare Earth Oxides (HREO)14,15 enriched in Dysprosium (Dy2O3) and Terbium (Tb4O7) grades encountered at surface, unlocking a new completely untapped district in Greenland:
                  • 886ppm HREO (Sediment Sample 26824D)
                  • 752ppm HREO (Sediment Sample 26801D)
                  • 742ppm HREO (Sediment Sample 26823D)
                  • 682ppm HREO (Sediment Sample 26807D)
                  • 654ppm HREO (Sediment Sample 26806D)
                  • 628ppm HREO (Sediment Sample 26818D)
                  • 615ppm HREO (Sediment Sample 26808D)
                  • 597ppm HREO (Sediment Sample 26824C)
                  • 596ppm HREO (Sediment Sample 26817D)
                  • 589ppm HREO (Sediment Sample 26822D)
                  • 559ppm HREO (Sediment Sample 26820D)
                • TREO grades and HREO grades have the strong potential to improve as Dalaroo continues to assess full district potential of the Blue Lagoon Project and drill test immediate targets to determine the scale of the mineralised system.
                • Importantly, sampling at Blue Lagoon has returned low Uranium levels, with a maximum reading of 25ppm U3O8 which has the potential to simplify processing complexities and encouragingly falls below the 100ppm uranium threshold levels for permitting in Greenland
                • Placer & Liberated REE Potential: These exceptional REE grades were encountered at surface, consistently over the entire ~2.7km strike. With the natural weathering having enriched the REE into beach-like alluvial sediments – indicating potential for a proximal placer style REE deposit, where REE grains have been freely-liberated and has the potential to produce a REE concentrate through low CAPEX, simple physical separation methods.

                Click here for the full ASX Release

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                Syntholene Energy: High-performance, Carbon-negative, Low-cost – the promise of Syntholene eFuel

                Investing 2 Mins Read

                Syntholene Energy (TSXV:ESAF,FSE:3DD0) is a next-generation clean energy company developing high-performance, carbon-negative synthetic liquid fuels, with aviation as its initial target market. The company is commercializing its proprietary Hybrid Thermal Production System, a breakthrough technology designed to enable low-cost, large-scale production of ultrapure synthetic jet fuel (eSAF).

                Syntholene targets production costs up to 70 percent lower than the nearest competing technologies, positioning its fuel to be cost-competitive with — and ultimately cheaper than — conventional fossil fuels. With a mission to deliver the world’s first truly high-performance, low-cost, and carbon-neutral eFuel at industrial scale, Syntholene aims to unlock a new era of affordable, sustainable aviation and clean energy solutions

                Syntholene is progressing its Hybrid Thermal Production System from laboratory-scale validation toward a real-world demonstration facility in Iceland, leveraging abundant geothermal resources and long-term expansion potential.

                Company Highlights

                • Proprietary Production Technology – Synthetic fuel (eFuel) produced through a fully integrated, proprietary pathway designed for superior performance and materially lower cost than conventional power-to-liquid methods
                • Low-Cost, High-Performance Fuel – Engineered to deliver high energy efficiency while significantly reducing production costs
                • Sustainable Feedstocks – Manufactured using renewable electricity, green hydrogen, and captured carbon
                • Ultra-Low Emissions – Delivers up to 90 percent lower lifecycle emissions compared to conventional jet fuel
                • Drop-In Compatibility – Fully compatible with existing aircraft engines and global fueling infrastructure
                • Scalable Clean Energy Solution – Designed for industrial-scale deployment to accelerate the transition to sustainable aviation fuel

                This Syntholene Energy profile is part of a paid investor education campaign.*

                Click here to connect with Syntholene Energy (TSXV:ESAF) to receive an Investor Presentation

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                Solar Panel Makers Look to Sub Copper for Silver as Price Hits Record Levels

                Investing 5 Mins Read

                The solar industry is turning to base metals and innovation to bypass the soaring silver price.

                Silver’s exceptional electrical and thermal conductivity make it a critical material in the production of photovoltaics (PV). However, record-high prices are forcing key solar industry players to find more cost-effective alternatives.

                In a September 2025 report, BNEF analysts note that silver represents about 14 percent of the total cost of production for solar panels, up from 5 percent in 2023. At the time, silver was trading in the US$42 to US$46 per ounce range.

                Since then, the white metal’s price has exploded, hitting an all-time high of US$93.77 on Wednesday (January 14). That’s double the level it was in September, and a nearly 200 percent increase from the year before.

                In an industry already fraught with intense competition, such a large leap in the price for a major component is unsustainable. In response, top manufacturers in China such as LONGi Green Energy Technology (SHA:601012) are turning to base metals and technological innovations to help manage solar panel input costs.

                Solar panel makers bypassing silver

                China dominates the global solar PV industry, representing more than 80 percent of worldwide manufacturing capacity across the supply chain, including polysilicon, wafers, cells and modules.

                In early January, Bloomberg reported that starting in Q2, LONGi Green Energy is planning to start mass producing solar cells using base metals instead of silver in an effort to reduce costs.

                Di Giacomo believes that because LONGi Green Energy is one of the solar industry’s technological leaders, its move away from silver marks a significant turning point for the sector.

                Bloomberg notes that the company has joined the ranks of other Chinese solar manufacturers looking to sidestep silver’s price volatility. In December, JinkoSolar Holding (NYSE:JKS), which is headquartered in China, but listed in the US, said it was looking to roll out large-scale production of solar panels using base metals. Additionally, smaller firm Shanghai Aiko Solar Energy (SHA:600732) is producing 6.5 gigawatt solar cells without silver.

                “Other major manufacturers, such as JinkoSolar and AIKO Solar, are also exploring silver-free technologies or solutions that minimize the use of this metal,” said Di Giacomo. “The convergence of efforts among leading players suggests this is not an isolated trend, but rather a structural shift in how solar panels are designed and manufactured.”

                Is copper a viable alternative to silver?

                Copper is the prized favorite among the base metals for swapping out silver.

                While both metals have seen unprecedented price rallies on the back rising industrial demand from clean technologies and artificial intelligence, silver maintains an enormous premium over copper. Currency, the price of a troy ounce of silver is trading at about 22,000 percent higher than a troy ounce of copper.

                “Although its conductivity is slightly lower, copper is far more abundant, cheaper and supported by a more diversified supply chain,” stated Di Giacomo. “These characteristics make it an attractive option for an industry seeking to scale production without exposure to bottlenecks in critical raw materials.”

                The red metal may be a great electrical conductor, but it doesn’t match silver’s capabilities. There’s also the tendency for copper to oxidize and degrade, testing the long-term viability and reliability of copper-based solar components. For those reasons, subbing in copper presents technical challenges for PV makers.

                One area of concern for replacing silver with copper is the high temperatures needed in the fabricating process for tunnel oxide passivated contact (TOPCon) cells, the technology currently dominating the solar panel industry.

                This might not be as big an issue for LONGi Green Energy, which manufactures back-contact (BC) cells. The technical processes for adapting copper to this new type of solar cell architecture is much simpler compared to TOPCon cells.

                “New generations of copper-metallized cells are achieving efficiency levels increasingly close to those of traditional silver-based models,” said Di Giacomo. “In some cases, improvements are even being observed in mechanical strength and module durability, key factors for long-term solar installations and operation under demanding environmental conditions.”

                BC cells have also been shown to generate more power from the same amount of sunlight compared to TOPCon cells. A white paper from renewable energy advisory company Rinnovabili states that field data indicates that BC modules are capable of producing up to 11 percent more energy over their lifetime compared to TOPCon technology.

                How will substitution impact silver?

                In a November 2025 report, the Silver Institute reported that industrial silver demand is projected to drop by 2 percent in 2025 to 665 million ounces. One of the contributing factors in the decline is an approximate 5 percent decrease in silver demand from the solar industry, even though the number of global PV installations set a new record high for the year. This is “due to a sharp drop in the amount of silver used in each module,” according to the firm.

                “A sustained reduction in solar sector silver demand could alter market dynamics,” warned Di Giacomo.

                However, at this point it’s too early to tell. For one, TOPCon technology is expected to account for 70 percent of the market in 2026. The cost of manufacturing BC cells is not expected to reach parity with TOPCon cells until the end of the decade, said Molly Morgan, senior research analyst at CRU Group, as reported by pv magazine.

                “That’s why we believe we might see a coexistence of the two technologies in the 2028 to 2030 timeframe,” she said.

                Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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                Will Rhind: Gold, Silver at Record Highs, Mania Phase Still to Come

                Investing 1 Min Read

                Will Rhind, CEO of GraniteShares, outlines his thoughts on gold and silver heading into 2026, noting that historical precedents point to higher prices.

                ‘Clearly when you look back on some of those other periods for gold — and silver particularly — where they went to all-time highs, then we could be talking about a lot higher prices,’ he said.

                Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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                Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia

                Investing 6 Mins Read

                (TheNewswire)

                 

                Prismo’s Interest Currently Stands at 95% With Option for Full Control

                Vancouver, British Columbia, January 16th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has completed its previously announced transaction with Infinitum Copper Corp. (TSXV: INFI) (‘Infinitum’) whereby Prismo has increased its interest in the Hot Breccia copper project, located in the heart of Arizona’s prolific copper belt, from 75% to 95%. In addition, Prismo has obtained an irrevocable option to acquire Infinitum’s remaining 5% interest, providing a clear path to 100% interest in the project.

                Alain Lambert, CEO of Prismo commented: ‘This transaction marks a significant milestone for Prismo and provides a clear mechanism to securing full ownership of Hot Breccia. It materially improves the strategic flexibility of the project.’

                He added: ‘Prismo remains firmly committed to advancing Hot Breccia. The recent extension of certain milestone obligations under the option agreement with Walnut Mines LLC, the owner of the Hot Breccia claims, together with the completion of the transaction with Infinitum, provides the Company with additional flexibility as we evaluate a range of strategic alternatives. Each of these pathways’ goal is to drill what we consider to be one of the most compelling copper exploration opportunities in Arizona and the broader United States.‘

                Dr. Linus Keating, manager of Walnut Mines LLC, enthusiastically commented: ‘Walnut Mines is solidly in favor of any action that moves Hot Breccia closer to a serious drill program. We are hopeful that this transaction will accomplish that goal in 2026. In our opinion, this property remains one of the best copper exploration opportunities in North America.’

                Under the terms of the transaction, Prismo paid Infinitum CA $185,000 to acquire a 20% additional interest in the Hot Breccia project and assumed all of Infinitum’s remaining obligations under the existing option agreement with Walnut to issue shares to Walnut, which has been satisfied by the issuance to Walnut of 450,630 common shares at a deemed issue price of $0.11 per share. Prismo has also agreed to pay Infinitum 5% of any consideration received in connection with a transaction in which Prismo assigns its interest in Hot Breccia to a third party to acquire the 5% interest held by Infinitum.

                Prismo‘s Hot Breccia project lies at the heart of the Arizona Copper Belt, which hosts several globally significant porphyry copper deposits.  Examples of these significant deposits are Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, Rio Tinto and BHP’s Resolution deposit and others (see Figure 1).  

                 

                Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

                The Company wishes to update its January 12th, 2026 news release to confirm that the Company issued 2,250,000 units for gross proceeds of $225,000 and issued 140,000 Finder’s Warrants and paid finder’s commissions of $14,000 to a certain qualified finder. Each Unit consisted of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant of the Company (a ‘Warrant‘). Each Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from the date of issue at an exercise price of $0.175. Prismo intends to proceed next week a final closing of 1,500,000 Units for gross proceeds of $150,000.

                About Prismo Metals Inc.

                Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.

                Please follow @PrismoMetals on , , , Instagram, and

                Prismo Metals Inc.

                1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6  Phone: (416) 361-0737

                Contact:

                Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

                Gordon Aldcorn, President gordon.aldcorn@prismometals.com

                Cautionary Note Regarding Forward-Looking Information

                This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends‘ or ‘anticipates‘, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could‘, ‘should‘, ‘would‘ or ‘occur‘. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and anticipated results of drilling at Hot Breccia; the ability of Prismo to fund drilling and pursue potential third-party partnerships; the Company’s strategic flexibility with respect to the Hot Breccia project going forward; the number of shares issuable by Prismo to Walnut pursuant to the transaction described in this news release; and the Company’s expectations regarding mineralization and other qualities of the Hot Breccia project.

                These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the risk that the Company will not enter into a third-party partnership with respect to the Hot Breccia project; the risk that mineralization will not be as anticipated at the project; the risk that the Company will not be able to take advantage of geological information to refine drill targeting; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

                In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign; the ability of the Company to enter into a third-party partnership on the project; that the project will have the anticipated mineralization and other qualities; and the  Company will be able to take advantage of geological information to refine drill targeting.

                Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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