American Uranium (AMU:AU) has announced Drill Rig Mobilised at Lo Herma ISR Uranium Project
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Investor Insight
Prismo Metals’ high-grade silver and copper assets in Arizona, anchored by the Silver King project, offer investors exposure to near-surface polymetallic mineralization and large-system copper potential in a tier-one US jurisdiction, guided by an accomplished technical team. Prismo also retains strategic silver-gold leverage through its Palos Verdes joint program with Vizsla Silver in Mexico, creating a balanced portfolio designed for discovery and growth.
Overview
Prismo Metals (CSE:PRIZ,OTCQB:PMOMF,FSE:7KU) is a North American exploration company focused on advancing high-grade silver, gold and copper discoveries in Arizona, one of the world’s most productive and mining-friendly jurisdictions. The company’s projects, Silver King, Ripsey and Hot Breccia, position Prismo at the forefront of exploration in the Arizona Copper Belt, an area that hosts some of the largest copper deposits on Earth.
The historic Silver King mine produced nearly 6 million ounces of silver during the 1880s.
At the center of Prismo’s focus is the Silver King project, a historic silver mine adjacent to BHP and Rio Tinto’s giant Resolution Copper operation. Along with the nearby Ripsey Mine and Hot Breccia project, these assets form a complementary pipeline targeting both bonanza-grade gold and district-scale copper systems.
In Mexico, Prismo continues to advance its Palos Verdes project through a strategic partnership with Vizsla Silver, Prismo’s largest shareholder, providing investors exposure to one of the richest silver-gold districts in the Americas.
Prismo’s business strategy combines technical excellence, modern exploration technologies and disciplined capital allocation to advance near-term drilling and long-term discovery growth across its portfolio.
Company Highlights
- Arizona-focused Exploration: Advancing a portfolio of high-grade silver, copper and gold projects – Silver King, Ripsey and Hot Breccia – in the heart of the Arizona Copper Belt.
- Exceptional Grades and Momentum: Sampling at Silver King returned 619 g/t silver and 511 g/t silver, as well as 757 g/t silver, 1.5 percent copper, 6.7 percent lead, and 11.5 percent zinc from a newly identified polymetallic vein. An expanded 1,000-meter Phase 2 drill program is planned.
- Strategic Land Position: Projects are surrounded by major producers, including BHP/Rio Tinto’s Resolution Copper and Freeport’s Christmas Mine, offering unmatched geological and infrastructure advantages.
- AI-driven Copper Discovery: Hot Breccia, a large-scale copper-gold target, combines historic Kennecott and Phelps Dodge drilling with new ZTEM geophysics and AI-based drill targeting for a 5,000 m program.
- Partnership Strength: In Mexico, Prismo maintains silver-gold exposure through its Palos Verdes project in collaboration with Vizsla Silver, which is also Prismo’s largest shareholder holding 6.1 percent ownership.
- Tight Share Structure: With only 83.6 million shares outstanding, a market cap of $12.1 million (as of October 14th, 2025) and 28.7 percent insider and advisor ownership, Prismo’s management is closely aligned with shareholders
Key Projects
Silver King
The 125-hectare Silver King project lies entirely within the Resolution Copper claim block, about 3 km from the main Resolution shaft and 1 km from the historic Magma mine. Discovered in 1875, it produced roughly 6 million ounces of silver between 1875 and 1928 at grades up to 61 ounce per ton (oz/t) silver. Small-scale production in the 1990s returned up to 644 oz/t silver and 0.53 oz/t gold.
Recent sampling by Prismo confirmed strong silver-copper-lead-zinc mineralization, including 619 grams per ton (g/t) silver and 511 g/t silver from the Silver King shaft area, and 757 g/t silver, 1.5 percent copper, 6.7 percent lead, and 11.5 percent zinc from a newly identified polymetallic vein. The assay results for both silver and copper demonstrate the high-grade nature of the system.
Following these recent results, Prismo plans a second-phase drill program totaling approximately 1,000 meters to test new polymetallic and copper-bearing targets as well as a large replacement-style zone. The company has submitted a plan of operations for drilling to the US Forest Service, with additional site permits in progress.
Ripsey Mine
Located 20 km west of Hot Breccia and south of the Ray mine, the Ripsey mine covers 30 hectares of patented claims and hosts a historic gold-silver-copper vein system traced over 400 meters along strike and 160 meters vertically. The property saw limited production in the early 20th century and has never been explored with modern methods.
View of open stope on the Ripsey vein near the main shaft
Sampling by Dr. Craig Gibson returned values up to 15.9 g/t gold and 275 g/t silver over 0.75 meters, confirming strong near-surface mineralization with significant expansion potential. Further surface exploration at Ripsey is planned..
Hot Breccia
The Hot Breccia Project, spanning 1,420 hectares, provides Prismo with large-scale copper-gold optionality in the heart of Arizona’s Copper Belt. The project is located 40 km south of Resolution Copper and 35 km north of the San Manuel-Kalamazoo deposit. It hosts the same productive units as Freeport’s nearby Christmas mine, which historically produced high-grade copper skarn ore.
Historic drilling by Kennecott and Phelps Dodge intersected copper-rich skarn mineralization, including 77 ft of 0.54 percent copper, 60 ft of 1.4 percent copper and 4.65 percent zinc, and 25 ft of 1.73 percent copper. A 2023 ZTEM survey and subsequent AI analysis identified a large conductive anomaly at depth, consistent with a porphyry copper system.
Located near major infrastructure, including highways, power, water and the Hayden smelter, Hot Breccia is Prismo’s largest-scale copper discovery opportunity.
Palos Verdes
The Palos Verdes project provides Prismo with strategic exposure to silver and gold in Mexico’s prolific Panuco-Copala district, where Vizsla Silver (TSXV:VZLA) is advancing a billion-dollar silver resource. Prismo’s concession sits at the northeastern end of the district and is fully surrounded by Vizsla’s ground.
Drill site for hole PV-24-34 of the current drill program
To date, Prismo has drilled approximately 6,052 meters across 33 holes, identifying a near-surface, high-grade ore shoot within the Palos Verdes vein. Results include 102 g/t gold and 3,100 g/t silver (11,520 g/t silver equivalent over 0.5 m), comparable to some of the best intercepts in the district.
Future exploration will focus on deeper drilling and potential extensions of the vein system into adjacent Vizsla concessions, as guided by the joint Prismo-Vizsla technical committee chaired by Dr. Peter Megaw and Dr. Craig Gibson.
Management Team
Alain Lambert – CEO and Co-founder
Alain Lambert is a lawyer with over 35 years of experience financing and advising small and mid-sized companies across technology, manufacturing and natural resources. He has participated in private and public financings exceeding $1 billion and built an extensive network of investors, bankers, analysts and IR professionals. Lambert has served as a director and on audit and governance committees for several public and private companies. He holds an LL.B. from the University of Montréal and a diploma in administration from College Jean-de-Brébeuf, Montréal.
Gordon Aldcorn – President
Gordon Aldcorn brings more than 20 years of experience in capital markets and junior public company development. Over the past five years, he has focused on the corporate management of copper and gold exploration projects, with a strong track record of advancing early-stage assets. Committed to responsible mineral exploration and long-term stakeholder engagement, Aldcorn now leads Prismo Metals through a pivotal growth phase, advancing its high-potential projects in Arizona and Mexico.
Craig Gibson – Co-founder and Chief Exploration Officer
Dr. Craig Gibson has extensive experience in the minerals industry. He received his Bachelor of Science (1984) in Earth Sciences from the University of Arizona and Master of Science (1987) and PhD (1992) in Economic Geology and Geochemistry from the Mackay School of Mines, University of Nevada, Reno. He co-founded Prospeccion y Desarrollo Minero del Norte, S.A. de CV (ProDeMin) based in Guadalajara, Mexico, in 2009. ProDeMin is a consulting firm providing a broad spectrum of exploration-related services to the mining industry and has been involved in several major precious metal discoveries in Mexico. Gibson is also a director of Garibaldi Resources, a Vancouver-based junior exploration company; a certified professional geologist of the American Association of Professional Geologists; and a qualified person under NI 43-101.
Carmelo Marelli – CFO and Corporate Secretary
Carmelo Marrelli is the principal of the Marrelli Group, comprising Marrelli Support Services, DSA Corporate Services, DSA Filing Services, Marrelli Press Release Services, Marrelli Escrow Services, and Marrelli Trust Company. The Marrelli Group has delivered accounting, corporate secretarial and regulatory compliance services to listed companies on various exchanges for over 20 years. Marrelli is a chartered professional accountant (CPA, CA, CGA), and a member of the Institute of Chartered Secretaries and Administrators, a professional body that certifies corporate secretaries. He received a Bachelor of Commerce degree from the University of Toronto. Marrelli acts as the chief financial officer to several issuers on the TSX, TSX Venture Exchange and CSE, as well as non-listed companies, and as a director of select issuers.
Martin Dupuis – Director
Martin Dupuis has over 25 years of experience covering all stages of a project’s life, from exploration through feasibility and engineering studies, construction, mine expansion and operations. Dupuis serves as Vizsla Silver’s chief operating officer. He was instrumental in the oversight and delivery of the company’s maiden resource estimate. Before joining Vizsla Silver, Dupuis was director of geology for Pan American Silver, technical services manager for Aurico Gold, and chief geologist at several other operations.
Louis Doyle – Director
Louis Doyle has over 30 years of experience in capital markets and public companies. Since 2016, he has served as executive director of Québec Bourse and has advised private companies seeking Canadian exchange listings. Previously, he was vice-president, Montréal at the TSX Venture Exchange (1999–2015), where he oversaw business development and listings in Québec and Atlantic Canada, chaired the listing committee, served on the policy committee, and led the national mentorship program. Doyle also holds directorships with two other public companies.
Peter Megaw – Advisor and Significant Shareholder
Dr. Peter Megaw is best known as co-founder of MAG Silver and Minaurum Gold. He and his team are credited with MAG Silver’s Juanicipio discovery in the famous Fresnillo District, for which he received the Thayer Lindsley Award in 2017. He received his doctorate from the University of Arizona and has more than 35 years of experience exploring silver and gold in Mexico. Megaw is a certified professional geologist by the American Institute of Professional Geologists and an Arizona registered professional geologist. He is the author of numerous scientific publications on ore deposits and is a frequent speaker at academic and international exploration conferences. Megaw also received the Society of Mining Engineers 2012 Robert M. Dreyer Award for excellence in applied economic geology.
Steve Robertson – Advisor
Steve Robertson brings 35 years of mining industry experience, with a focus on precious metals and copper exploration in North America. He has co-founded and managed multiple exploration companies, including Infinitum Copper, where as CEO he led the public listing and project acquisitions in Sonora, Mexico, and Arizona, USA. Previously, he founded Sun Metals, where his team made a significant copper-gold discovery and completed two corporate mergers.
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Here’s a quick recap of the crypto landscape for Monday (October 13) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) and major cryptocurrencies rebounded at the start of the week, regaining ground after a sharp October 10 selloff triggered by US President Donald Trump’s renewed tariff threats against China. The correction, which wiped out billions in leveraged positions, marked one of the largest single-day liquidations in crypto trading history.
Bitcoin price performance, October 13, 2025.
Chart via TradingView.
Bitcoin has climbed 2.2 percent in the past 24 hours to trade above US$114,200; the coin plunged below US$109,000 late on October 10 after setting a record high near US$126,200 earlier last week.
The weekend rebound followed Trump’s more conciliatory Truth Social post on October 12, where he wrote:
“Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”
Data from CoinGlass reveals over 1.6 million trades were liquidated on October 10, amounting to more than US$19 billion in forced sales across the crypto market. Other reports place the figure at roughly US$20 billion, the largest single-day liquidation in crypto history, as leveraged long positions on Bitcoin and Ether were rapidly unwound.
The event also saw major altcoins like XRP, Dogecoin and Cardano slump by as much as 30 percent, deepening what traders have described as a “cascade of leveraged liquidations.”
According to Bitcoin researcher Axel Adler Jr., the October 10 shock “changed the regime to moderately bearish,” though market structure indicators suggest the downturn has yet to reach capitulation levels.
Adler also notes that the Bitcoin Bull-Bear Structure Index dropped by 8 percent, and a further decline to -15 percent would “signal continued bearish pressure and the risk of retesting local lows.”
Bitcoin dominance in the crypto market now stands at 56.01 percent.
Ether (ETH) was trading at US$4,105.84 as of the time of this writing. Its lowest valuation on Monday was US$3,802.06, and its highest was US$4,196.98.
Altcoin price update
- Solana (SOL) was priced at US$199.11, an increase of 5.8 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Monday was US$179.
- XRP was trading for US$2.57, up by 6.8 percent over the last 24 hours. Its lowest valuation of the day was US$2.37, and its highest was US$2.64.
ETF data and derivatives trends
The Fear & Greed Index currently reads 40, climbing back to neutral territory after crashing to ‘fear’ last week.
Last week, the cumulative net flows for spot Bitcoin exchange-traded funds (ETFs) were predominantly positive despite the sudden crash on the tail end. According to data from the week of October 6 to October 12, spot Bitcoin ETFs had inflows on four days, with October 10 being the outlier at US$4.5 million in outflows. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).
Cumulative total inflows for spot Bitcoin ETFs stood at US$62.77 billion as of October 10.
Today’s crypto news to know
Crypto funds log US$3.17 billion in inflows despite tariff turmoil
Digital asset investment products saw US$3.17 billion in inflows last week, shrugging off the volatility sparked by renewed US-China tariff tensions. According to CoinShares, Bitcoin accounted for $2.67 billion of that total, underscoring its dominance in institutional portfolios as exchange-traded product volumes hit a record US$53 billion.
US spot Bitcoin ETFs alone attracted US$2.71 billion, even as major cryptocurrencies corrected midweek. October 10’s minor US$159 million outflow suggests investors were largely unfazed by short-term market shocks.
Furthermore, year-to-date inflows have reached a record US$48.7 billion, already surpassing 2024’s full-year total, which analysts say is indicative of a resilient capital rotation into crypto.
House of Doge to list on Nasdaq
In a bid to bring Dogecoin deeper into traditional finance, House of Doge — the corporate arm of the Dogecoin Foundation — announced plans to debut on the Nasdaq via a reverse merger with Brag House Holdings (NASDAQ:TBH).
CEO Marco Margiotta said the listing will help fund new payment and yield infrastructure for Dogecoin, including a pending spot ETF with 21Shares and a treasury product already trading on the NYSE. Backers include Elon Musk’s attorney Alex Spiro, former Texas Governor Rick Perry and members of the Steinbrenner family.
Margiotta said being public will accelerate Dogecoin’s integration into retail payments and cultural sectors like sports, where the firm plans to launch tokenized fan initiatives.
Dogecoin rose more than 10 percent following the announcement. The deal is expected to close in early 2026.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce that the Board of Directors has appointed Patrick Evans as an Independent Director and Chairman of the Board.
Mr. Evans brings over 25 years of senior mining executive leadership experience, specializing in mergers and acquisitions, capital markets, and the development of world-class assets across four continents. He currently serves as Chairman of Pan Global Resources Inc.
Mr. Evans’s career includes leading multiple public companies to successful exits and significant value creation. He previously served as CEO of Dominion Diamond Mines and Mountain Province Diamonds Inc. He led the sale of several companies, including Norsemont Mining Inc. (acquired by Hudbay Minerals), Weda Bay Minerals Inc. (acquired by Eramet S.A.), and Southern Platinum (acquired by Lonmin PLC).
Mr. Evans holds degrees in arts and science from the University of Cape Town and previously served as South Africa’s Consul-General to Canada (1994–1998). His industry leadership has been recognized with both the Prospectors & Developers Association of Canada’s Viola R. MacMillan Award and the Association for Mineral Exploration’s Hugo Dummett Award .
The Board is confident that Mr. Evans’s proven track record in mergers, acquisitions, capital markets, and advancing complex multinational operations will directly support Forte as it develops its copper and gold projects in Peru. His appointment significantly enhances the Board’s independence and corporate governance oversight.
As the Independent Chairman, Mr. Evans will oversee Forte’s Board and ensure that management decisions align with the interests of shareholders and the Company’s long-term strategic objectives.
Patrick Elliott , President and CEO of Forte, stated, ‘ The appointment of Patrick Evans represents a transformational addition to Forte Minerals’ Board of Directors. As one of the most accomplished executives in the global mining industry, Mr. Evans brings a distinguished record of leading high-growth companies through major transactions, capital market success, and the development of tier-one mineral assets. His strategic insight and leadership will be instrumental as Forte advances its high-quality copper and gold portfolio in Peru and continues to unlock substantial long-term value for shareholders ‘.
Mr. Evans added, ‘Forte Minerals has built an exceptional portfolio of exploration projects in one of the world’s premier mining jurisdictions. I am excited to collaborate with the Board and management team to unlock the full potential of these assets and drive meaningful growth and value creation for all stakeholders.’
Forte Minerals would also like to extend its sincere gratitude to Mr. Doug Turnbull, P.Geo., who has resigned from the Board of Directors. Mr. Turnbull has served as an Independent Director and Chair of the Compensation Committee since 2010.
Over his fourteen years of dedicated service, Mr. Turnbull has been an integral part of Forte’s growth and governance, bringing more than 30 years of global exploration experience and thoughtful leadership to the Board. His geological expertise and steady guidance have helped shape the Company’s strategic direction from its early stages to its current milestones.
Mr. Turnbull is stepping down on excellent terms to pursue a new opportunity with VBKOM, an engineering company based in South Africa.
The Board and management wish to thank him for his longstanding commitment, professionalism, and contribution to Forte’s success, and wish him continued achievement in his new role.
Corporate Update: Option Grants
In connection with his appointment to the Board of Directors and as Independent Chair of the Company, Mr. Patrick Evans was granted 500,000 stock options. Each option is exercisable for 5 years to acquire one common share of the Company at a price of C$0.78 per share, consistent with the exercise price granted to other directors in recent stock option issuances.
The Company also granted an aggregate of 2,250,000 stock options to directors, officers, and consultants pursuant to its existing stock option plan.
In total, 2,750,000 stock options were granted. All Options are exercisable at $0.78 per share for a period of five years, subject to the terms of the plan and applicable regulatory approvals.
ABOUT Forte Minerals CORP.
Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C. , the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.
On behalf of Forte Minerals CORP.
(signed) ‘ Patrick Elliott’
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer
Forte Minerals Corp.
info@forteminerals.co m
www.forteminerals.com
For further information, please contact:
Investor Inquiries
Kevin Guichon, IR & Capital Markets
E: kguichon@forteminerals.com
C: (604) 612-9976
Media Contact
Anna Dalaire, VP Corporate Development
E: adalaire@forteminerals.com
T: (604) 983-8847
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Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.
Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4b54275-2dff-445f-bc54-06bb0775c8e5
News Provided by GlobeNewswire via QuoteMedia
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Statistics Canada released September’s job data on Friday (October 10). According to the release, 60,000 jobs were added to the Canadian economy during the month, and the employment rate increased to 60.6 percent, up 0.1 percent from August. However, the unemployment rate remained unchanged at 7.1 percent.
The increase in the labor market follows a significant decline of 106,000 combined jobs over the previous two months.
Leading the gains was the manufacturing sector, which added 28,000 jobs to the labor force. The increase was followed by 14,000 new workers in the health care and social assistance sector, and 13,000 new roles in the agriculture sector.
The natural resources sector posted a 2.2 percent gain, adding 7,100 new jobs over August’s numbers, but the sector shed 18,200 workers over September 2024.
Earlier in the week, StatsCan released a report on the economic contribution of critical mineral production in 2023 on Monday (October 6).
In 2023, critical mineral production contributed C$30.2 billion in nominal gross domestic product (GDP) and C$20.9 billion in real GDP terms, which accounted for 1.1 percent of the total economy and 37.4 percent of the mineral and mining sector.
The report also details a nominal GDP increase of 63 percent and a real GDP growth of 12.7 percent between 2019 and 2023. During the same period, job growth increased by 6.2 percent, with the subsector employing nearly 55,000 workers, outpacing the entire mineral and mining sector and the broader economy, which grew by 5.2 percent and 5.6 percent, respectively.
South of the border, the White House announced on Monday that President Donald Trump approved the Ambler Access Road project in Alaska. This was followed by a 50 to 46 vote by the Senate on Thursday evening to repeal a land management plan for Alaska that had delayed development of the road.
The controversial project would connect the Dalton Highway to the Ambler Mining District via a route that passed through the Gates of the Arctic National Park, considered one of the United States’ best-preserved parks.
The access road was initially approved during Trump’s first term in office, but approvals were rescinded in 2024 under the Biden administration due to the impact on the Western Arctic caribou herd, salmon and other wildlife. The Native American Tribes who live, hunt and fish in the area have largely stood in opposition to the road.
Proponents point to access to critical minerals like copper and gallium, which have become a focal point as the US seeks to increase domestic production of these minerals, which are required for the advancement of AI technologies, data centers and national defense.
Both gold and silver soared to record highs this week, with the gold price reaching US$4,058.98 per ounce on Wednesday (October 8) and the silver price climbing to an intraday all-time high of US$51.14 per ounce on Thursday (October 9). While gold has been consistently setting new records in 2025, silver broke its all-time high set in 1980.
Precious metals have seen broad gains since the start of the year, fueled by widespread uncertainty in the global economy due to factors including chaotic US trade policy and, most recently, the failure of US lawmakers to agree on a funding package to prevent the federal government from shutting down.
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 mixed this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) halted its record-breaking run this week, losing 1.17 percent to close Friday at 29,850.89.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, ending a volatile week up 1.75 percent at 980.77. The CSE Composite Index (CSE:CSECOMP) was up 2.2 percent to close out the week at 184.31.
The gold price set another new record, reaching an intraday high of US$4,058.98 per ounce on Wednesday. On the week, gold was up 3.39 percent to US$4,018.68 by Friday’s close.
The silver price saw even stronger gains, breaking its own all time high on Thursday at US$51.14 per ounce, before pulling back slightly to post a weekly gain of 4.27 percent to US$50.03 per ounce by 4:00 p.m. EDT Friday.
Copper was up as much as 3 percent on the week during trading Thursday, but the copper price collapsed on Friday, falling from US$5.10 to end the week at US$4.80 per pound.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.71 percent to end Friday at 539.97.
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. EDT 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. Valhalla Metals (TSXV:VMXX)
Weekly gain: 282.35 percent
Market cap: C$44.59 million
Share price: C$0.65
Valhalla Metals is a polymetallic exploration company with a pair of projects in Alaska’s Ambler Mining District, the Sun and Smucker projects.
Its primary focus, the Sun project consists of 392 claims that cover an area of 25,382 hectares.
A May 2022 technical report states that the indicated resource for the project is 1.71 million metric tons of ore containing 55.85 million pounds of copper, 162.96 million pounds of zinc, 42.04 million pounds of lead, 3.3 million ounces of silver and 12,000 ounces of gold.
It also reported an inferred resource of 9.02 million metric tons containing 239.64 million pounds of copper, 831.33 million pounds of zinc, 290.26 million pounds of lead, 23.68 million ounces of silver and 73,000 ounces of gold.
The project is largely dependent on the construction of the 211 mile Ambler Access Road, which Trump approved in his first term. Former President Joe Biden rescinded the federal permit in 2024 due to environmental concerns, which is discussed in-depth above.
Shares in Valhalla surged this week after the Senate and the White House signaled support for the project. The company said in a news release on Tuesday (October 7) that it was excited by the reversal and will now be able to restart exploration and expand the known resources at the Sun Deposit.
2. Trilogy Metals (TSX:TMQ)
Weekly gain: 191.35 percent
Market cap: C$1.53 billion
Share price: C$8.42
Trilogy Metals is a polymetallic exploration and development company working to advance its Upper Kobuk mineral projects in Northern Alaska, which it owns in a 50/50 joint venture with South32 (ASX:S32,OTC Pink:SHTLF).
Its most advanced asset is the Arctic copper, zinc, lead, gold and silver project, which is in the feasibility stage. In an updated feasibility study from February 2023, the company reported annual payable production volumes of 148.68 million pounds of copper, 172.6 million pounds of zinc, 25.75 million pounds of lead, 32,538 ounces of gold and 2.77 million ounces of silver.
After tax, the study pegged the net present value at US$1.11 billion, with an internal rate of return of 22.8 percent and a payback period of 3.1 years.
Trilogy’s other key asset is the Bornite copper-cobalt project located 25 kilometers southwest of its Arctic project. The site hosts widespread mineralization and has seen historic exploration dating back to the 1950s.
A preliminary economic assessment for Bornite, dated January 15, established an after-tax net present value of US$393.9 million, with an internal rate of return of 20 percent and a payback period of 4.4 years. The updated mineral resource included with the report estimates an inferred resource of 6.53 billion pounds of copper with an average grade of 1.42 percent from 208.9 million metric tons of ore.
Like Valhalla’s, shares in Trilogy surged this week on the news that the US government approved construction of the Ambler Access Road.
Additionally, Trilogy reported on Monday that it had entered into a binding letter of intent, that would see the US Department of Defense invest US$17.8 million in Trilogy in exchange for 8.22 million shares, or 10 percent of the company, and will hold warrants for an additional 7.5 percent.
Both Trilogy and the DoD stated that they will work in good faith to facilitate financing for the construction of the road and will include permit applications for the FAST-41 process to expedite mining development.
3. ARES Strategic Mining (CSE:ARS)
Weekly gain: 180.65 percent
Market cap: C$184.54 million
Share price: C$0.87
Ares Strategic Mining is a development company advancing its Lost Sheep fluorspar mine in Utah, US, to production.
Initially acquired in 2020, the property consists of 353 claims across 5,982 acres south-west of Salt Lake City. The Lost Sheep fluorspar mine is currently in the construction phase and has received backing from the state of Utah and the federal government. It is the only permitted fluorspar mine in the country.
Ares reported on July 31 that it had launched a program with Iowa State University and the Ames National Laboratory to explore the potential of extracting gallium from the site in addition to fluorspar,
As part of this research, the company indicated on September 16 that it had also confirmed the presence of germanium within fluorspar samples from its Lost Sheep mine. The company said that the discovery has the potential to unlock additional critical mineral value from the project.
In its most recent construction update on September 11, Ares reported the Lumps plant has reached an advanced stage, with concrete foundations and pads being completed and steel frame structures being erected.
4. Nord Precious Metals (TSXV:NTH)
Weekly gain: 154.55 percent
Market cap: C$17.04 billion
Share price: C$0.42
Nord Precious Metals is focused on advancing its projects in Ontario, Canada, and owns the TTL silver gravity plant in the region.
The company’s primary exploration property is the Castle project located south of Timmins in the Cobalt Camp. It covers an area of 7,332.76 hectares and hosts the past producing Castle mine complex, which produced 9.4 million ounces of silver and 376,000 pounds of cobalt.
A 2021 mineral resource estimate revealed a total inferred silver equivalent resource of 7.57 million ounces, with an average grade of 7,149 grams per metric ton (g/t) silver, 2,537 g/t cobalt, 628 g/t of copper, and 467 g/t of nickel, from 32.9 million metric tons of ore.
The company also owns the past-producing Beaver Mine, located just east of Castle along the border between Ontario and Quebec. The mine operated until 1940 and produced 7.1 million ounces of silver.
The company has been working on the development of a tailings recovery program at the site, announcing on October 1 that test work produced commercial high-grade silver with concentrations up to 2,114.9 g/t.
Nord is planning to apply for a recovery permit to process tailings at its TTL gravity plant, which it plans to begin commissioning once it receives the permit.
The company said that the results validate the technical approach to the tailings program.
5. Avalon Advanced Materials
Weekly gain: 145.45 percent
Market cap: C$47.82 billion
Share price: C$0.135
Avalon Advanced Materials is an explorer and developer focused on lithium projects in Canada.
The company’s flagship project is its 40 percent owned Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owns the remaining 60 percent.
The project consists of three primary lithium targets: the Separation Rapids deposit; the Snowbank target, located near Kenora; and the Lilypad project near Fort Hope, which also hosts tantalum and cesium mineralization.
The pair increased the project’s measured and indicated resource by 28 percent in late February.
Avalon is also developing the Lake Superior lithium processing facility in Thunder Bay, Ontario.
The most recent news from Avalon came on Thursday when it reported that it had produced lithium hydroxide and analcime using an alkaline leach process developed by Finnish mineral processing company Metso.
The company said that early assessments indicate a 60 percent potential reduction in water use, along with a smaller carbon footprint compared to traditional methods. It stated that the achievement marked a milestone for the company to establish a sustainable lithium processing solution at its facility
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
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES.
Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the closing of its previously announced non-brokered private placement pursuant to which the Company raised aggregate gross proceeds of C$2,988,024.64 (the ‘ Offering ‘).
Pursuant to the Offering, the Company issued (i) 7,100,088 flow-through common share units of the Company (the ‘ FT Units ‘) at C$0.28 per FT Unit for gross proceeds of C$1,988,024.64, and (ii) 4,000,000 hard dollar common share units of the Company (the ‘ HD Units ‘, and together with the FT Units, the ‘ Securities ‘) at C$0.25 per HD Unit for gross proceeds of C$1,000,000.
Financing Overview:
Each FT Unit consists of one flow-through common share as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one-half of one transferable common share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of C$0.50 until October 10, 2027. The Warrant Shares underlying the FT Units will not qualify as ‘flow-through shares’ under the Tax Act.
Each HD Unit consists of one common share and one-half of one Warrant. Each whole Warrant will entitle its holder to purchase one Warrant Share at a price of C$0.50 until October 10, 2027.
Each of the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after October 10, 2025 (the ‘ Closing Date ‘), the closing price of the Company’s common shares equals or exceeds C$0.75 for a period of ten consecutive trading days on the TSX Venture Exchange (the ‘ Exchange ‘).
All securities issued in connection with the Offering are subject to a hold period of four months and one day following the Closing Date pursuant to applicable securities laws, expiring February 11, 2026.
The Company paid cash finder’s fees in the aggregate amount of $130,003 and issued an aggregate of 478,204 finder’s warrants in connection with the Offering. Each finder’s warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from the Closing Date.
The gross proceeds from the FT Units will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s Canadian mineral resource properties. The net proceeds of the HD Units will be used by the Company for administrative and general working capital, which may include investor relations activities.
The securities of SAGA have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.
No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Marketing Services Agreement with Capitaliz.
The Company further reports that it has entered into a digital marketing services agreement effective as of October 13, 2025 (the ‘ Capitaliz Agreement ‘) with 1123963 B.C. Ltd. D.B.A. Capitaliz (‘ Capitaliz ‘). Pursuant to the Capitaliz Agreement, Capitaliz will, among other things, provide the Company with certain marketing services to expand investor awareness of the Company’s business and to communicate with the investment community (the ‘ Capitaliz Services ‘). The Capitaliz Services will be provided by Capitaliz over a three-month term. The Capitaliz Agreement may be terminated at any time by either party with 30 days’ notice.
Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.
The Capitaliz Services will include, among other things: (i) multimedia content creation and syndication, including the production and distribution of editorial video content; (ii) targeted traffic generation through a combination of pay-per-click advertising, social media marketing, native advertising, search engine optimization, email campaigns, and retargeting strategies; and (iii) strategic social media amplification of campaign content across platforms such as Investorhub and YouTube; and (iv) expanded distribution through established relationships with financial media platforms. In consideration of the Capitaliz Services, and pursuant to the terms and conditions of the Capitaliz Agreement, the Company has agreed to pay Capitaliz a fee of C$200,000 (plus applicable taxes) over a three-month term, which will be paid using the Company’s available working capital.
The Capitaliz Services will be rendered primarily online through a variety of news and investment community communications channels. Jeff Leslie, the principal of Capitaliz – located at 704 – 595 Howe Street, Box 35, Vancouver, BC, V6C 2T5 – will be involved in conducting the Capitaliz Services. Capitaliz and Mr. Leslie do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. The terms and conditions of the Capitaliz Agreement remain subject to approval of the Exchange.
Online Marketing Agreement with i2i Marketing Group, LLC.
In addition, the Company reports that it entered into an online marketing agreement (the ‘ i2i Agreement ‘) with i2i Marketing Group, LLC (‘ i2i ‘). Pursuant to the i2i Agreement, i2i will, among other things, provide the Company with corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution (the ‘ i2i Services ‘). The i2i Services will be provided by i2i pursuant to an initial US$250,000 budget, which will be paid using the Company’s available working capital, and may continue on a month-to-month basis thereafter until the i2i Agreement is terminated. The i2i Agreement may be terminated by either party upon 10 days’ advance written notice to the other party during the contract term.
The i2i Services will be rendered primarily online through a variety of news and investment community communications channels. Joe Grubb and Kailyn White, principals of i2i will be providing services on behalf of i2i, which has an office located at 1107 Key Plaza #222 Key West, FL 33040. i2i, Mr. Grubb, and Ms. White do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.
The terms and conditions of the i2i Agreement remain subject to approval of the Exchange.
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 global transition to green energy. The Radar Titanium 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 a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and 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 that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
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 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 Offering, including the expected use of proceeds from the Offering, the receipt of the Capitaliz Services and the i2i Services, and the terms of the Capitaliz Agreement and the i2i Agreement. 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.
News Provided by GlobeNewswire via QuoteMedia
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Investor Insight
With its flagship platform, virtualplant, already in commercial use across high-value industrial assets, and a growing global footprint through strategic partnerships, RemSense offers investors a unique opportunity to back a scalable, revenue-generating business at the forefront of digital transformation in the resource and infrastructure sectors.
Overview
RemSense Technologies Limited (ASX:REM) is an Australian technology company enabling digital transformation across resource-heavy industries through advanced asset visualisation and drone services. Originally established in 2006 as a developer of drone systems for the defence and industrial sectors, the company expanded into professional drone services in 2012.
In 2019, RemSense made a strategic expansion into high-resolution 3D asset capture and visualisation, culminating in the development of its flagship product, virtualplant. This strategic shift aligns with macro trends in digital transformation, particularly in asset-heavy industries like energy, resources, infrastructure and utilities. The company was listed on the Australian Securities Exchange in 2021.
RemSense is ideally positioned to leverage the growing adoption of digital twin technologies, particularly across mining, oil & gas, manufacturing, utilities, defence, marine and aerospace industries. These sectors are increasingly embracing digital tools to improve safety, reduce costs, and manage assets more efficiently, creating strong and expanding demand for RemSense’s solutions.
In the first half of FY25, RemSense reported $3.12 million in revenue, representing a 178 percent increase over the same period in FY24. The company also recorded its first-ever net profit of $796,892 and achieved positive operational cashflow of $365,539 – a turning point that demonstrates both commercial traction and disciplined financial execution.
Strategic partnerships with Chevron, Newmont Mining and Woodside Energy highlight RemSense’s growing reputation among Tier-1 clients and its ability to scale internationally. These engagements are not pilot programs, but are real, revenue-generating contracts that reinforce RemSense’s value proposition.
Company Highlights
- Profitable Growth: Delivered $3.12 million in revenue in H1 FY25 – a 178 percent increase year-over-year
- Tier-1 Client Base: Trusted by major global operators including Chevron, Newmont and Woodside Energy for digital twin and drone technology services.
- Flagship Platform – virtualplant: A scalable, cutting edge digital twin solution providing real-time operational insights for industrial facilities and infrastructure.
- Strong legacy drone operations: RPAS Services features CASA-certified pilots and a fleet of custom-engineered drones supporting multiple industrial applications.
- Serving Critical Industries: Solutions deployed across energy, resources, utilities and infrastructure sectors undergoing rapid digital transformation.
- Secured Landmark Shell Energy Contract – First major deal with Shell Energy, showcasing the power of its virtualplant platform and Sentient Computing’s 3D technologies. The project marks a key milestone in RemSense’s global expansion, delivering a transformative digital solution to enhance commissioning accuracy, efficiency, safety, and asset performance.
Key Products and Services
Virtual Plant
Virtualplant is RemSense’s flagship digital platform. It’s a high-resolution 3D asset visualisation solution that allows users to explore and interact with industrial facilities remotely, as if on site. By combining drone-based photogrammetry, terrestrial LiDAR, and 360-degree imaging, virtualplant creates immersive, detailed, interactive models of infrastructure such as gas plants, processing facilities and offshore vessels.
The platform supports a wide range of critical functions including remote inspection, maintenance planning, training, safety management, and compliance documentation. It reduces the need for site travel, improves asset visibility, and helps clients identify and address risks before they become costly failures.
Virtualplant is already deployed in high-value applications. In October 2023, Woodside Energy engaged RemSense to create a visual twin of one of its floating production storage and offloading (FPSO) vessels. In 2024, Chevron signed a series of global services agreement with RemSense to use the platform for photogrammetry scanning at gas plants in South Asia, Northwest Australia and USA, with a total contract value of more than AU$800,000. These projects reflect the platform’s global relevance and enterprise-grade capabilities.
Additional features enhance the platform’s utility:
- vTag uses AI to automatically identify and tag equipment based on nameplate data, linking it to asset registers in systems like SAP and IBM Maximo.
- vDetect automatically identifies physical defects such as corrosion, helping prioritise maintenance.
- vConnect enables real-time integration with external monitoring and data platforms, creating a unified interface for visual and operational intelligence.
These capabilities make virtualplant more than a visualisation tool, as it becomes a central intelligence layer in clients’ asset ecosystems.
RPAS (Drone) Services
RemSense has a strong legacy in drone operations, with CASA-certified pilots and a fleet of custom-engineered drones equipped with high-end imaging and sensing tools. These drone services support asset inspections, geophysical and vegetation surveys, water sampling, environmental monitoring, traffic studies, and building condition assessments.
Drone data is often the first step in creating virtualplant models. This seamless integration of field data acquisition and platform-based analysis ensures RemSense delivers a complete, end-to-end digital solution for industrial clients.
Management Team
Ross Taylor – Non-executive Chairman
Ross Taylor chartered accountant with a global finance background having worked in London, Australia, New York and Tokyo. He has held senior roles at Deutsche Bank, Bankers Trust and Barclays Capital. His experience in international capital markets brings strong governance and financial oversight to RemSense’s board.
Warren Cook – Managing Director & CEO
With over 25 years of experience in technology development and commercialisation, Warren Cook has led projects in mining, energy and environmental sectors across more than a dozen countries, including Australia, US, Brazil, Canada, France, Indonesia, South Africa and the UK. He was the CEO of acQuire Technology Solutions, delivering information management software solutions for the resources industry.
John Clegg – Non-executive Director
John Clegg has been a chartered accountant since 1965 and has supported more than 50 companies through IPOs, restructures, and strategic growth initiatives. Following his 16-year tenure at Arthur Young & Co (now Ernst & Young), he shifted focus to startup ventures, offering directorship and consulting services. As a seasoned investor, director, consultant and mentor to senior executives, Clegg has left a significant mark on numerous ventures.
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Oil prices weakened in Q3 as global supply outpaced demand and inventories swelled.
Brent crude fell 1.7 percent to end the quarter at US$65.90 per barrel, while West Texas Intermediate dropped to US$62.33. Deloitte’s latest energy report attributes the decline to rising stockpiles and OPEC+’s early decision to unwind production cuts, adding 1.37 million barrels per day in October.
The US Energy Information Administration noted supply exceeded demand by 1.6 million barrels per day between May and August, pointing to continued stock builds ahead.
“OPEC+ discipline is still somewhat unpredictable — its production signals are becoming more tactical rather than structural,” Isaev wrote. “On the other hand, US shale is adjusting to price signals with a focus on capital restraint instead of just ramping up volume. LNG shipments to Europe and Japan are turning into geopolitical tools, not just simple commercial agreements.”
As for how that could affect energy stocks, he stated, ‘The advantage will go to those (companies) who can skillfully navigate this complexity, foresee critical turning points, and invest their capital with both accuracy and creativity.’
Despite the market volatility, the five top-performing oil and gas stocks on the TSX and TSXV have seen share price growth over Q3 2025. All year-to-date performance and share price data was obtained on October 9, 2025, using TradingView’s stock screener, and oil and gas companies with market caps above C$10 million at that time were considered.
1. Falcon Oil & Gas (TSXV:FO)
Year-to-date gain: 156.25 percent
Market cap: C$221.83 million
Share price: C$0.205
Falcon Oil & Gas is an international oil and gas company specializing in the exploration and development of unconventional oil and gas assets, with interests in assets in Australia, South Africa and Hungary.
The company has a 22.5 percent interest in the Beetaloo joint venture, with Tamboran Resources (NYSE:TBN,ASX:TBN) owning the remainder.
On September 30, Falcon announced it entered into a definitive agreement to be wholly acquired by joint venture partner Tamboran. The combination will create a company with roughly 2.9 million net prospective acres across Australia’s Beetaloo Basin and a projected market cap of US$500 million.
The deal is expected to close in Q1 2026.
Falcon’s share price spiked to a year-to-date high of C$0.21 on October 1.
2. Imperial Oil (TSX:IMO)
Year-to-date gain: 37.78 percent
Market cap: C$63.58 billion
Share price: C$123.56
Calgary-based Imperial Oil is a prominent Canadian energy company involved in the exploration, production, refining and marketing of petroleum products. With a history spanning over 140 years, Imperial operates diverse assets across Canada, including oil sands, conventional crude oil and natural gas assets.
In early August, Imperial released its Q2 2025 results, reporting net income of C$949 million, down from C$1.29 billion in Q1, as weaker upstream realizations and downstream margin capture weighed on results.
Despite lower earnings, the company posted its strongest Q2 upstream production in over three decades, averaging 427,000 barrels of oil equivalent (boe/d), led by record output at Kearl. Refinery capacity utilization averaged 87 percent amid major turnaround work
During the quarter, Imperial also launched Canada’s largest renewable diesel facility, located in Alberta, and returned C$367 million to shareholders through dividends.
Shares of Imperial climbed through much of Q2 and Q3, and reached a year-to-date high of C$130.94 on September 16.
3. Athabasca Oil (TSX:ATH)
Year-to-date gain: 30.91 percent
Market cap: C$3.49 billion
Share price: C$7.03
Athabasca Oil is focused on developing thermal and light oil assets within Alberta’s Western Canadian Sedimentary Basin. The company has established a substantial land base with high-quality resources. Its light oil operations are managed through its private subsidiary, Duvernay Energy, in which the company holds a 70 percent equity interest.
On July 24, Athabasca Oil reported its Q2 2025 results, highlighted by steady production and continued shareholder returns. The company produced an average of 39,088 boe/d, up 4 percent year-over-year. It generated C$127.6 million in adjusted funds flow during the quarter, down from C$165.75 in Q2 2024.
Capital spending totaled C$73 million, largely directed to expanding the company’s cornerstone Leismer project.
Additionally, Athabasca has repurchased 24 million shares year-to-date, reinforcing its “commitment to returning all thermal oil free cash flow to shareholders in 2025.” Its free cash flow from the segment totaled C$66 million in Q2.
A modest uptick in benchmark crude prices supported a stock bump for Athabasca Oil during the second week of October. Shares reached a year-to-date high of C$7.18 on October 8.
4. Parex Resources (TSX:PXT)
Year-to-date gain: 28.68 percent
Market cap: C$1.81 billion
Share price: C$18.80
Headquartered in Calgary, Parex Resources is a Colombia-focused oil and gas producer with six oil-producing assets and one non-operational asset.
Parex’s Q2 results, released on July 30, highlighted an average output rate of 42,542 boe/d, with July production rising to 44,450 boe/d. The company said it is on track to meet its full-year guidance of 43,000 to 47,000 boe/d.
Parex also announced a third quarter dividend of C$0.385 per share.
‘As we enter the second half of the year, strong near-field exploration results in the Southern Llanos, combined with the ramp-up in development drilling, are expected to drive a steady step-up in production through year-end,’ the company stated.
On October 1, the company shared a production update, reporting it averaged 44,000 boe/d in Q3.
Shares of Parex climbed throughout the Q3 to a year-to-date high of C$19.68 on September 25.
5. MEG Energy (TSX:MEG)
Year-to-date gain: 27.4 percent
Market cap: C$7.63 billion
Share price: C$30.50
MEG Energy is an energy company solely focused on in-situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. Utilizing innovative enhanced oil recovery projects, including steam-assisted gravity drainage extraction methods, the company aims to increase oil recovery responsibly while reducing carbon emissions.
In May, Strathcona Resources (TSX:SCR) made an unsolicited C$4.1 billion offer for MEG, a move company executives at MEG quickly denounced. In a subsequent press release shared on June 16, MEG called the offer “inadequate, opportunistic, and NOT in the best interests of MEG or its shareholders.”
In mid-September MEG again urged shareholders to reject a revised offer from Strathcona and instead consider an August offer from Cenovus Energy (TSX:CVE).
On October 8, MEG announced that Cenovus increased its bid to C$8.6 billion, and again suggested shareholders accept the offer.
Following the increased bid, Shares of MEG rose to a year-to-date high of C$30.50 on October 9.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Saskatchewan has introduced a new royalty framework for lithium production, marking a major step toward supporting the province’s growing role in Canada’s critical minerals sector.
The amendments to 2017 subsurface mineral royalty regulations formally establish a 3 percent Crown royalty on the value of brine mineral sales, coupled with a two year holiday for new productive capacity.
Provincial officials said the change aligns Saskatchewan’s royalties for lithium with those already applied to potash, salt and sodium sulfate, and keeps the province competitive with leading jurisdictions worldwide.
“Lithium is a critical mineral that is expected to see strong demand and growth in the decades ahead, and Saskatchewan is well-positioned to take advantage of this opportunity,” Energy and Resources Minister Colleen Young said.
“By putting this royalty framework in place now, we are providing certainty for industry, while ensuring the people of Saskatchewan benefit as this sector develops,” Young added.
Industry participants have welcomed the move, calling it a clear signal that the province intends to be a serious player in the global lithium supply chain. Canada-based explorer EMP Metals (CSE:EMPS,OTCQB:EMPPF) described the royalty rate as internationally competitive and a meaningful boost for project economics.
“This is very welcome news. The government of the province of Saskatchewan has once again proven itself to be supportive of lithium production in the province,” EMP Metals CEO Karl Kottmeier said. “This is a highly competitive royalty rate internationally, and a two-year royalty holiday on new production immediately makes a positive impact on financial modelling of what is already a compelling business case for our Project Aurora lithium production project.”
Grounded Lithium (TSXV:GRD) President and CEO Gregg Smith noted that the policy encourages further investment, while recognizing the high upfront costs of developing processing capacity.
“This new regulatory framework provides a reasonable royalty rate while also recognizing the significant risk and initial investment companies make in processing facilities to ultimately achieve commercial production,” he said.
Saskatchewan has emerged as one of Canada’s top destinations for mining investment. The Fraser Institute’s annual mining company survey ranked it the country’s leading jurisdiction, with the province projected to attract over US$7 billion in mining investment this year — more than a quarter of Canada’s total.
The lithium framework also aligns with the province’s broader Critical Minerals Strategy, launched in 2023 to position Saskatchewan as a key contributor to Canada’s resource independence and energy transition.
The plan targets a 15 percent share of national mineral exploration by 2030, the doubling of critical mineral production, and the expansion of existing potash, uranium, and helium output.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Here’s a quick recap of the crypto landscape for Wednesday (October 8) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$123,495, up by 1.5 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$121,829, and its highest was US$124,072.
Bitcoin price performance, October 8, 2025.
Chart via TradingView.
Despite retreating to around US$121,000 on Tuesday (October 7), Bitcoin on-chain data and a rising relative strength index still indicate strong momentum and accumulation, with resistance near US$135,000 and support around US$113,300. Analysts believe the crypto market is transitioning from a speculative phase to a “maturity phase,” where institutional strategies and asset allocation will drive price discovery rather than retail hype.
A new report from CF Benchmarks forecasts that Bitcoin could climb another 20 percent to reach US$148,500 by the end of 2025, while the number of crypto exchange-traded funds (ETFs) is expected to double to 80.
The report also projects that stablecoins could hit US$500 billion in circulation.
Various macro factors are shaping this bullish narrative for the sector. Market uncertainty tied to US President Donald Trump’s economic and fiscal policies, his ongoing tension with the Federal Reserve and uncertainty surrounding the ongoing government shutdown have spurred what analysts describe as a “debasement trade.” Investors seeking protection from currency risk are turning to traditional hedges like gold, and increasingly to Bitcoin.
The Fed’s recent interest rate cut has provided additional support for risk assets. CF Benchmarks expects two more reductions by the end of the year, bringing rates closer to the 3.25 percent level.
Despite inflation concerns, analysts argue that Bitcoin remains undervalued, sitting at the lower end of its estimated fair-value range between US$85,000 and US$212,000. According to trader Ted Pillows, if Bitcoin manages to hold the US$120,000 area, it could mark the beginning of a reversal phase and signal renewed bullish momentum.
By Wednesday afternoon, Bitcoin had steadied near US$123,400, recovering some losses, with ETF inflows continuing to boost institutional confidence. The total market cap of cryptocurrencies currently stands at around US$4.3 trillion, per CoinGecko, while the circulating value of stablecoins has already surpassed $300 billion.
Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,518.05. Ether’s lowest valuation on Wednesday was US$4,441.20, and its highest was US$4,544.36.
Altcoin price update
- Solana (SOL) was priced at US$229.20, an increase of 1.6 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Wednesday was US$220.04.
- XRP was trading for US$2.91, up by 3.2 percent over the last 24 hours. Its lowest valuation of the day was US$2.86, and its highest was US$2.92.
Crypto derivatives and market indicators
Total Bitcoin futures open interest was at US$98.85 billion, an increase of roughly 0.84 percent in the last four hours.
Ether open interest stood at US$60.24 billion, down by 0.07 percent in four hours.
Bitcoin liquidations were at US$34.01 million over four hours, primarily forcing long positions to close, which could lead to selling pressure. Ether liquidations totaled US$25.18 million, with the majority being short positions.
Fear and Greed Index snapshot
CMC’s Crypto Fear & Greed Index climbed into high neutral territory after dipping to fear during the last week of September. The index currently stands around 55, inching closer to greed.
CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.
Chart via CoinMarketCap.
Today’s crypto news to know
JPMorgan says stablecoins could add US$1.4 trillion in dollar demand by 2027
A new JPMorgan Chase (NYSE:JPM) research note estimates that global stablecoin adoption could generate up to US$1.4 trillion in additional demand for US dollars within the next two years, according to Reuters.
The bank’s analysts argue that as foreign investors and corporations increasingly hold dollar-pegged stablecoins, they will effectively strengthen the greenback’s global position. The report projects that the stablecoin market could reach US$2 trillion in a high-end scenario, up from roughly US$260 billion today.
With 99 percent of stablecoins pegged 1:1 to the US dollar, JPMorgan says expansion will translate directly into higher dollar-denominated reserves. The findings counter fears that digital currencies could accelerate “de-dollarization” by offering alternatives to the US financial system.
ICE to invest US$2 billion in Polymarket
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is making a major bet on crypto-powered prediction markets. The company announced plans to invest up to US$2 billion in Polymarket, valuing the blockchain-based betting platform at about US$8 billion, a sharp rise from its US$1 billion valuation just two months ago.
Polymarket has gained prominence for its political, sports and entertainment wagers, including high-profile bets on the US presidential race. The deal will allow ICE to distribute Polymarket’s market data globally, signaling a push to integrate event-based contracts into mainstream finance. Founder Shayne Coplan said in a press release that the investment “marks a major step in bringing prediction markets into the financial mainstream.”
The firm is also working to re-enter the US market after acquiring a small derivatives exchange earlier this year.
BNY Mellon to explore tokenized deposits
BNY Mellon, the world’s largest custodian bank, is reportedly exploring tokenized deposits to enable instant, 24/7 fund transfers for clients, aiming to overcome limitations in legacy systems. Carl Slabicki, executive platform owner for Treasury Services, stated that this initiative is part of an effort to upgrade real-time and cross-border payments. The goal is to move a portion of BNY’s US$2.5 trillion daily payment flow onto the blockchain.
Slabicki highlighted that tokenized deposits help banks overcome technology constraints, facilitating the movement of deposits and payments within their own ecosystems and eventually across the broader market.
S&P Global to launch new crypto ecosystem index
The S&P Global, in partnership with Dinari, is creating a new investment index that will bring together both cryptocurrencies and publicly traded blockchain-related companies into a single benchmark called the S&P Digital Markets 50 Index. The index will include 15 cryptocurrencies and 35 public companies in the sector.
No single component will exceed 5 percent. Major companies like Strategy (NASDAQ:MSTR), Coinbase Global (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) are expected to be included.
Dinari plans to issue a tokenized version of the index, known as a “dShare,” which would allow investors to gain direct exposure. The investable version is expected to launch by the end of 2025.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
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