1. Mkango Resources (TSXV:MKA)

Yearly gain: 325 percent
Market cap: C$219.61 million
Share price: C$0.69

Mkango Resources is positioning itself to be a leader in recycled rare earth magnets, alloys and oxides.

The company holds a 79.4 percent stake in Maginito, which owns HyProMag, a firm focusing on rare earth magnet recycling in the UK. Maginito also owns Mkango Rare Earths UK, which focuses on long-loop rare earth magnet recycling. Additionally, Maginito and CoTec Holdings (TSXV:CTH,OTCQB:CTHCF) are expanding HyProMag’s recycling technology to the US through their joint venture, HyProMag USA.

Mkango’s mineral assets include the advanced Songwe Hill rare earths project and a diverse exploration portfolio in Malawi, covering rare earths, uranium, tantalum, niobium and more. Its subsidiary Lancaster Exploration signed a mining development agreement with the Government of Malawi for Songwe Hill in June 2024.

Mkango is also developing the Pulawy rare earths separation project in Poland via its subsidiary Mkango Polska.

In January, Mkango announced plans for HyProMag and Areera to partner with Inserma and Sweden’s RISE Research Institutes to develop automated sorting and pre-processing of speakers, creating a concentrated feed of NdFeB magnets for recycling. It also raised C$4.11 million to advance rare earth magnet recycling in the UK and Germany.

On March 25, the European Commission granted Mkango’s Pulawy rare earths separation project in Poland strategic project status under the Critical Raw Materials Act.

The designation highlights the project’s importance to EU supply chains and will streamline permitting while enhancing access to financing and support from EU institutions and potential offtakers.

The company’s share value nearly doubled from C$0.34 on July 2 to C$0.60 by July 7 following the announcement on July 3 that Mkango’s wholly owned subsidiaries, Lancaster Exploration and Mkango Polska, had entered into a definitive business combination agreement with special purpose acquisition company Crown PropTech Acquisitions to form a new company, to be renamed Mkango Rare Earths and listed on the NASDAQ. The deal would create a vertically integrated rare earths company that holds Songwe Hill in Malawi and the Pulawy plant in Poland.

Later in the month, news hit the wire that HyProMag had secured feedstock supply and pre-processing site share agreement between global electronics recycling company, Intelligent Lifecycle Solutions, LLC.

Shares of Mkango reached a year-to-date high of C$0.70 on July 31, 2025.

2. Ucore Rare Metals (TSXV:UCU)

Yearly gain: 192.47 percent
Market cap: C$166.65 million
Share price: C$2.18

Ucore Rare Metals is a rare earths processing and exploration company with operations in the US and Canada.

Following its 2020 acquisition of Innovation Metals, the company is commercializing its proprietary RapidSX separation technology. Ucore plans to implement this system at its first commercial heavy rare earth elements (HREE) refining facility, the Strategic Metals Complex, in Louisiana. It is also developing its Bokan HREE project in Alaska.

This past January, Ucore received C$500,000 from the Ontario government as part of the province’s Critical Minerals Innovation Fund. The rare earths processor said it planned to use the cash infusion to advance improvements at its RapidSX commercial demonstration facility in Ontario. A private placement of 3.6 million shares priced at C$0.60 each raised an additional C$2.16 million for Ucore when it closed in February.

In May, Ucore broke ground on its Strategic Metals Complex, where it plans to ‘produce high-purity rare earth oxides from mixed rare earth chemical concentrates obtained from multiple global feedstock sources.’

Shortly after, the company executed a definitive contract for an US$18.4 million follow-on first-stage production award from the US Department of Defense, and closed a private placement for aggregate gross proceeds of C$15.5 million.

Ucore is working to achieve early production readiness of salable individual HREE products from the processing facility by the second half of 2026.

Shares of Ucore rose to a year-to-date high of C$2.10 on August 5, 2025.

3. Leading Edge Materials (TSXV:LEM)

Yearly gain: 77.78 percent
Market cap: C$35.99 million
Share price: C$0.16

Vancouver-based Leading Edge Materials is focused on developing three critical raw material projects located in the European Union. The portfolio includes the wholly owned Norra Kärr HREE project and the Woxna graphite mine in Sweden, the company also has a 51 percent stake in the Bihor Sud Nickel Cobalt exploration alliance in Romania.

In January, Leading Edge released its 2024 results, noting that in early December, the company applied to the Mining Inspectorate of Sweden for an Exploitation Concession 25-year mining lease for Norra Kärr.

A February project update outlines plans to start up and down steam prefeasibility work at Norra Kärr in Q2.

“As part of the PFS, the company will evaluate the business case for a Rapid Development Plan (RDP), whereby Norra Kärr can be in production in the shortest possible timeframe to be supplying REE concentrates to the market in advance of the completion of the downstream processing facility and selling nepheline syenite,” the statement read.

Shares of Leading Edge hit a year-to-date high of C$0.30 on March 23, coinciding with news that the company was awaiting a decision on its application for Strategic Project status under the EU’s Critical Raw Materials Act.

A few days later, Leading Edge learned that Norra Kärr did not earn the designation; however, the company plans to reapply for Strategic Project status when a new round of submissions are requested.

In a June company update, Leading Edge discusses the steps its taking to address the deficiencies in its Strategic Project applicaiton. Work on the PFS is also advancing and the company anticipates its completion in Q1 2026.

FAQs for rare earth investing

Investor Insight

Prismo Metals presents a compelling investment opportunity with its strategic focus on high-grade precious and base metal exploration in Mexico and Arizona, leveraging advanced technology and maximizing shareholder value through targeted asset development.

Overview

Mexico’s Sinaloa state hosts several prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s (TSX:USA) Cosalá operations and Kootenay Silver’s (TSXV:KTN) Copalito silver-gold project. Between 2012 and 2019, gold production at the El Gallo mine alone totaled 295,000 ounces (oz) and silver production peaked at 142,000 oz. At the Panuco project, Vizsla Silver (TSXV:VZLA) has an indicated resource of 9.5 million tons at grades of 289 g/t silver, 2.41 g/t gold, 0.27 percent lead and 0.84 percent zinc for 155.8 Moz silver equivalent.

Prismo Metals (CSE:PRIZ,OTCQB:PMOMF, FSE:7KU) has made a strategic move to join the list of successful explorers in this region. The company’s leadership team has decades of experience in the Mexican precious metals industry. Director, president, CEO and co-founder Dr. Craig Gibson has been an exploration consultant since 1998 and a director of Beyond Minerals (CSE:BY) Garibaldi Resources (TSXV:GGI).

Prismo Metals has three current exploration projects: Palos Verdes, Los Pavitos and Hot Breccia. The Palos Verdes property covers 22.77 hectares within the historic Panuco-Copala silver-gold district in Sinaloa, well-known for its numerous veins with historical production. While much of the district has been consolidated by Vizsla Resources, the Palos Verdes project is located near the district’s under-explored northeastern limit.

On January 9, 2023, Vizsla Resources acquired aright of first refusal to purchase the Palos Verdes project through a strategic investment agreement with Prismo Metals. Vizsla’s strategic investment consists of a cash payment of $500,000 and the issuance of one million common shares of Vizsla to Prismo. Pursuant to the strategic investment, the two companies formed a technical committee for district-scale exploration of the Panuco silver-gold district consisting of Drs. Gibson and Megaw along with Dr. Jesus Velador, vice president of exploration for Vizsla.

Prismo Metals’ Palos Verdes property includes 700 meters of strike length along the Palos Verdes vein, which has been explored for 250 meters with findings yielding as much as 6.7 grams per ton (g/t) gold and 544 g/t silver from surface and underground sampling. A second vein system may be reflected in a northwest striking alteration zone, offering an additional high-grade exploration target on the property.

In May 2019, the company and ProDeMin entered an option agreement in which Prismo may acquire a 75-percent interest in the Palos Verdes property, and later entered into an agreement to acquire the remaining 25 percent of the property from the original owner. The company conducted a 2,100-meter drill program at Palos Verdes in 2022, designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on their adjacent land package.

Prismo conducted a 15 hole, 2,923-meter drilling program at Palos Verdes in 2023, with the best result being 11,520 silver equivalent (102 g/t gold and 3,100 g/t silver) over 0.5 meters downhole. An alteration study and rock chip sampling program were also conducted and provide evidence that additional mineralization may occur in previously unexplored areas.

The Los Pavitos project is located in the Alamos region of southern Sonora, a well-mineralized area that hosts several active exploration and mining projects. The project consists of one concession covering 5,289 hectares. Early sampling and reconnaissance work has been carried out by previous companies, including Minera Cascabel, and show the presence of high-grade gold assays in at least two target areas.

In 2022 Prismo Metals signed a formal access agreement with Francisco Villa Ejido, the surface owner of the Los Pavitos Project to allow for exploration work and drilling, and completed a mapping, sampling and trenching program in 2023. Thus work paved the way for a first ever drill program at the project in 2023, consisting of 2,370 meters in 25 holes with excellent results.

Prismo acquired the right to earn a 75 percent interest in the Hot Breccia property in early 2023. Hot Breccia lies in the heart of the world-class Arizona copper belt and has historical drilling indicating the potential for a large copper mineralized system.

An airborne Z‐tipper axis electromagnetic (ZTEM) geophysical survey was completed at Hot Breccia. Prismo received assay results for the first batch of samples taken at the project indicating the presence of not only copper mineralization but also gold mineralization associated with gossanous veins and shear zones.

In 2025, Prismo Metals has signed option agreements to acquire100 percent of the historic Silver King and Ripsey mines in Arizona’s prolific Copper Belt, near its flagship Hot Breccia project. Silver King, discovered in 1875, produced nearly 6 million ounces of silver at grades up to 61 oz/t, with later sampling returning up to 644 oz/t silver and 15 g/t gold, indicating high-grade potential and possible antimony mineralization. The Ripsey mine, located 20 kilometers west of Hot Breccia, is an historic gold-silver-copper producer with sampling up to 15.85 g/t gold and 276 g/t silver, yet remains untested by modern exploration.

Company Highlights

• Prismo Metals is an exploration company targeting high-grade silver and gold projects in Mexico, one of the world’s top producers of precious metals, and a large-scale copper project in Arizona, the leading producer of the metal in the US.
• The company’s Palos Verdes property is located in the historic Panuco-Copala silver-gold district in Sinaloa, Mexico and is partly surrounded by ground controlled by Vizsla Silver Corp..
• The Palos Verdes property includes 700 meters of strike length along the Palos Verdes vein, which has yielded 6.7 grams per ton (g/t) gold and 544 g/t silver at the surface.
• The company’s Los Pavitos project is located in the well-mineralized Alamos region of southern Sonora. The project consists of one concession covering 5,289 hectares.
• The Hot Breccia project consists of 1,400 hectares located in the world class Arizona Copper Belt.
• Prismo’s management and advisory team offers decades of experience in the Mexican precious metals industry, including all aspects of exploration and resource development.
• Prismo acquired 100 percent of the Palos Verdes claim and has drilled 6000 meters on the property. The drill results revealed high-grade silver and gold showing multiple discrete quartz vein stages lacing between breccia fragments and showing distinctly differing mineralogy.
• Vizsla Silver Inc. completed a Strategic Investment and owns about 9.9 percent of the company.
• The company also filed on SEDAR an NI 43-101 Technical Report for its Los Pavitos Gold-Silver Project in southern Sonora, Mexico.

Key Projects

Hot Breccia

The Hot Breccia project is Prismo’s latest acquisition located in the heart of the great Arizona Copper Belt, USA and is located 40 km south of the Resolution deposit and 35 km north of the San Manuel / Kalamazoo deposit and is just a few kilometers from the Hayden Smelter. The Hot Breccia property has the same productive geologic units that host high-grade copper skarn mineralization at the adjacent, past-producing Christmas Mine owned by Freeport. Prismo has the option to earn a 75-percent interest in the Hot Breccia project from Infinitum Copper (TSXV:INFI).

The company completed an airborne Z‐tipper axis electromagnetic (ZTEM) geophysical survey at Hot Breccia in 2023 and received assay results for a first batch of samples taken at the project. The results indicate the presence of not only copper mineralization, but also gold mineralization associated with gossanous veins and shear zones. The ZTEM survey identified a priority drill target in a conductive anomaly at depth.

Following the success of the 2023 ZTEM survey, Prismo received permit approval from the Bureau of Land Management for 10 drill pads to allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area. Assay results for samples taken in February 2024 include 5.69 percent copper, 0.24 g/t gold and 32.8 g/t silver.

Earlier in 2024, Prismo Metals engaged Exploration Technologies (ExploreTech) from San Diego, California to apply xFlare, their artificial intelligence (AI)-optimized drill planning solution, to its Hot Breccia project where a number of features suggest well mineralized Arizona-style copper porphyry lies at depth. Prismo is currently planning an initial 5,000 meter drill program at Hot Breccia.

Palos Verdes

The company’s Palos Verdes property is located in Southern Sinaloa, roughly 65 kilometers northeast of Mazatlán. The Palos Verdes concession covers 22.77 hectares and is situated within the historic Panuco-Copala mining district, the largest silver producer in Sinaloa.

History

Mapping and sampling were conducted over the property by ProDeMin. The Palos Verdes vein crops out for about 750 meters along strike and yielded as much as 4.15 g/t gold and 732.7 g/t silver. Before the turn of the century, a 70-meter tunnel was driven along the Palos Verdes vein near the bottom of the Palos Verdes arroyo; a sample of the vein in this adit yielded 6.7 g/t gold and 544 g/t silver. In 2018, ProDeMin completed a diamond drilling program on the property. Notable drill results included 3.75 g/t gold and 1,098 g/t silver for 2.3 meters and 8.42 g/t gold and 2,336 g/t silver for 0.8 meters.

Drilling

The company has undertaken several drill campaigns at the project, and a total of about 6,052 meters have been drilled in 33 holes to date, including five holes drilled by ProDeMin in 2018. Results indicate the presence of a near-surface high-grade ore shoot in the Palos Verdes vein similar to mineralization in the resources defined by Vizsla Silver in the southwestern portion of the district.

The company, in conjunction with its strategic partner Vizsla Silver (TSXV:VZLA), has planned an expanded drill program with new holes to be drilled from Vizsla Silver’s concessions adjacent to the Palos Verdes concession, targeting the proposed extension of the Palos Verdes ore shoot at depth and a possible extension along strike to the northwest. Prismo Metals is planning on initiating this drill program in August, 2024.

Los Pavitos

The company’s Los Pavitos project is located in the Alamos region of Southern Sonora, a well-mineralized area that hosts multiple active exploration and mining projects. Los Pavitos consists of one concession covering 5,289 hectares. Early sampling and reconnaissance work has been carried out by previous companies, including Minera Cascabel. The property’s numerous mines and prospect pits indicate historical interest.

Prismo conducted a reconnaissance surface mapping and sampling at the project in 2022 and early 2023. This program consisted of about 1,500 samples and identified 5 main gold and silver mineralized target areas within several kilometer-scale structural zones. A follow up trenching program consisted of 698 meters in 25 trenches with almost 350 samples taken. A first ever drill program at the project was conducted in 2023, with 2,370 meters completed in 25 holes.

High-grade gold assays were encountered at the Santa Cruz target, with 10.2 g/t gold over 6.6 meters in drill hole LP-SC-23-02. A second gold zone was intersected at Las Auras, with 3.58 g/t gold over 1.15 meters within 3.65 meters carrying 2.33 g/t gold and 87.6 g/t silver.

Management Team

Gordon Aldcorn – President

Gordon Aldcorn brings over 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 Mexico and Arizona, including the flagship Hot Breccia copper project and the Palos Verdes silver project.

Alain Lambert – CEO and Director

Alain Lambert, who co-founded Prismo in 2018, is a lawyer by training and has over 35 years of experience in financing and advising small and medium-sized companies operating in various industries including technology, manufacturing, and the natural resources sector. He has been involved in private and public financings totaling more than $1 billion. He has an extensive network of investors, investment bankers, analysts, and investor relations professionals. Lambert acts as an advisor to public and private companies regarding financings, mergers and acquisitions plans, debt structuring as well as going-public transactions. Throughout his career, Lambert has served as a director and member of the audit committee and governance committee of small and medium-sized private and public companies. He holds a Bachelor of Laws degree (LL.B.) from the University of Montréal and a diploma of collegial studies, specializing in administration from the College Jean-de-Brébeuf in Montréal, Québec.

Craig Gibson – Chief Exploration Officer and Director

Dr. Craig Gibson has extensive experience in the minerals industry. He received his BS (1984) in earth sciences from the University of Arizona and MS (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 Secretary

Carmelo Marrelli is the principal of the Marrelli Group, comprising Marrelli Support Services Inc., DSA Corporate Services Inc., DSA Filing Services Limited, Marrelli Press Release Services Limited, Marrelli Escrow Services Inc. and Marrelli Trust Company Limited. The Marrelli Group has delivered accounting, corporate secretarial and regulatory compliance services to listed companies on various exchanges for over twenty 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.

Jorge Rafael Gallardo-Romero – Director

Jorge Rafael Gallardo-Romero has been a consultant geologist of Cascabel since March 1992. He also acts as Mexico exploration manager of Gainey Capital (since January 2015) and of Minera Goldzone SA de CV (since March 2011). Gallardo-Romero graduated from the University of Sonora with a degree in Geology in 1984.

Maria Guadalupe Yeomans Otero – Director

Maria Yeomans Otero is a geologist who graduated from Universidad de Sonora, Mexico, in 1986, with master’s studies in business administration at the same university. She has been a part of the team at Cascabel since 1992 and is now the office manager. She speaks English fluently and has extensive experience in the administration, legal and commercial relations related to mining.

Louis Doyle – Director

Louis Doyle has over 30 years of experience focused primarily on capital markets and public companies. Since 2016, he has also provided consulting services to private companies seeking listing on Canadian exchanges. Since January 2016, Doyle has been the executive director of Québec Bourse. Between October 1999 and December 2015, he was the vice-president, Montréal of the TSX Venture Exchange. As such, he was responsible for business development and listing activities in the provinces of Québec and Atlantic Canada. During his tenure, he acted as chairman of the TSX Venture listing committee and was a member of the policy committee. Doyle also led the nationwide TSX Venture mentorship program and further acted regularly as a speaker and advisor at conferences and workshops. He also holds directorship roles with two other publicly traded companies. Doyle was granted 150,000 incentive stock options exercisable at $0.165 per share before June 26, 2027. Also, three other directors were each granted 50,000 incentive stock options, exercisable at $0.165 per share before June 26, 2027.

Peter Megaw – Advisor

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 and Excellon Resources’ Platosa mine. 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. He was awarded the 2017 Thayer Lindsley Award for the 2003 discovery of the Juanicipio silver deposit in the Fresnillo District, ultimately leading to a further 600 million ounces being identified in the immediate area. Megaw also received the Society of Mining Engineers 2012 Robert M. Dreyer Award for excellence in applied economic geology.

Investor Insight

Anteros Metals offers investors exposure to a diversified portfolio of critical and base metal projects in Newfoundland and Labrador, advanced through a proprietary, data-driven exploration approach. By combining high-probability targeting with assets at multiple stages of development, the company reduces exploration risk, accelerates discovery timelines, and positions itself to benefit from the rising demand for metals essential to the global energy transition.

Overview

Anteros Metals (CSE:ANT) is a Canadian junior exploration company focused on discovering and advancing high-value mineral deposits across Newfoundland and Labrador. The company’s 100 percent owned portfolio spans 2,775 hectares and hosts nine commodities, including copper, cobalt, nickel, manganese, zinc, and other metals critical to clean energy technologies and industrial growth. Five of these are designated as critical minerals by the Canadian government, underscoring the strategic importance of Anteros’ asset base.

At the core of Anteros’ strategy is the use of proprietary data science techniques to integrate historical exploration records with modern geoscientific data. This approach enables the company to identify the most prospective targets before committing to extensive fieldwork, reducing costs, shortening timelines and increasing the probability of discovery. The portfolio is deliberately balanced across the exploration cycle – from early-stage prospecting at Hopedale to advanced exploration at Knob Lake – ensuring a continuous pipeline of projects that can move toward development while maintaining investor exposure to new discovery potential.

Anteros’ operations benefit from Newfoundland and Labrador’s long history of mineral production, a supportive regulatory framework and established infrastructure. The company’s focus on high-grade, infrastructure-accessible deposits provides strong economic leverage, while its experienced leadership team, with over a century of combined exploration, mining, and financial expertise, is well equipped to execute on its growth strategy. By combining technological innovation with geological expertise, Anteros Metals is positioned to deliver long-term shareholder value through discovery, development, and strategic partnerships.

Company Highlights

• Four 100 percent owned properties in Newfoundland and Labrador targeting critical and base metals including copper, cobalt, nickel, manganese, zinc and others vital to green technologies.
• Flagship Knob Lake iron-manganese project: advanced exploration stage with historical resource; strategically located near Schefferville, Québec, and adjacent to major iron ore infrastructure.
• Havens Steady VMS project: new 2025 sampling confirms the prospectivity and strike extension potential of the Main Mineralized Zone; road accessible and situated in a proven polymetallic district.
• Strickland project: seven mineralized zones with significant silver-lead-zinc and gold potential; located near the Hope Brook gold deposit.
• Hopedale Project: nickel-copper-cobalt focus, 80 km south of Voisey’s Bay, with untested EM conductors and unexplained geochemical anomalies.
• Portfolio spans early to advanced exploration stages, ensuring a steady pipeline of project advancement and diversified commodity exposure.
• Leadership team with over a century of combined experience in exploration, mining and financial markets.

Key Projects

Knob Lake

Located within the Western Labrador Trough, just 2.5 km south of Schefferville, Québec, Knob Lake is Anteros’ flagship advanced exploration project. This superior-type iron deposit is hosted in the Sokoman Formation, a geological unit well known for high-grade direct shipping ore (DSO) potential, often exceeding 60 percent iron.

Historical work includes 2,746 metres of diamond drilling, which delineated a resource estimate of 5.08 million tonnes grading 54.7 percent iron (measured and indicated) and 643,800 tonnes grading 51.5 percent iron (inferred)1. Although this estimate is historical in nature, it underscores the scale and quality of the deposit, which remains open along strike and at depth.

The property’s proximity to Tata Steel’s Timmins mine and other past-producing operations, along with direct rail, road and port access, gives it excellent development potential. Recent digital modelling and geophysical surveys have further refined high-grade targets, paving the way for future resource expansion and economic evaluation.

^{_{¹This historical mineral resource estimate is from a Technical Report entitled Technical Report: Schefferville Area Phase I DSO Iron Projects Resource Update, Western Labrador – NE Québec, Canada by Maxime Dupéré dated June 27, 2014 and is filed on SEDAR (www.sedar.com). The Technical Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), NI 43-101F1, and with CIM standards and Mineral Resource best practices. The independent QP believed project data was suitable for mineral resource estimation at that time. The stated resource uses an iron cut-off grade of 50%, and grades were not capped. An independent Qualified Person will be required to compile and validate historic Property data, model the data, and estimate the mineral resource to obtain a current mineral resource. It is envisaged that this will involve open pit optimization. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. Anteros Metals Incorporated is not treating the historical estimate as a current mineral resource.}}

Haven Steady

Situated 40 kilometres southeast of Buchans in the Central Newfoundland Gold Belt, Havens Steady is within a proven volcanogenic massive sulphide (VMS) district renowned for its polymetallic potential. The property is road accessible and has been the focus of 8,048 metres of historical drilling, which identified long intersections of continuous mineralization, including 97.7 metres grading 9.2 g/t silver, 0.33 percent lead, 1.57 percent zinc, and 0.04 percent copper and 68 metres grading 11.8 g/t silver, 0.55 percent lead, 1.45 percent zinc, and 0.09 percent copper.

In 2025, Anteros’ exploration program significantly advanced the project with a series of high-impact discoveries. Boulder prospecting of a historic copper-in-soil approximately located approximately 200 metres along strike from the modelled deposit returned assays as high as 0.22 g/t gold, 21.3 g/t silver, and 2.17 percent copper while sampled outcrops in the main zone returned assays as high as 1.56 percent Pb, 9.60 percent Zn, 0.15 percent Cu, 45 g/t Ag, and 0.37 g/t Au.

Channel sampling of broad mineralized surface outcrop commenced in July. Collectively, these results confirm the grade and expansion potential of the deposit and highlight Havens Steady as a prime candidate for follow-up drilling aimed at defining a large, high-grade VMS system.

Strickland

Strickland lies in the Central Newfoundland Gold Belt, a region with prolific epithermal gold and VMS deposits. The property features seven mineralized zones with a combined strike length exceeding 2 km. The mineralization is hosted within submarine felsic volcanic units, providing predictable horizons for efficient exploration.

Historical drilling of 7,857 meters has delineated zones with significant grades, including a historical mineral inventory of 260,000 tons at 195 g/t silver and 5.25 percent lead-zinc in the Main Zone². Historical assays from quartz veins report gold grades up to 17.9 g/t gold, emphasizing the property’s epithermal gold potential.

Proximity to the mining infrastructure of the Hope Brook gold deposit bodes well for potential synergies of Strickland. Proposed exploration activities include advanced geophysical surveys, trenching and targeted drilling to define and expand the resource base.

_{²The resource inventories described are considered ‘historical’ in nature as defined by National Instrument 43-101, and do not conform to CIM Resource Classification Definitions. The historical estimate was reported by D.R. Prince in a 1981 Falconbridge Nickel Mines Ltd. report entitled “Summary of Work Performed from 1977 to 1980 on the Strickland-Porter Fee Simple Property, Newfoundland”. A qualified person has not done sufficient work to classify the historical estimates of the Strickland Deposit as current mineral resources. As a result, Anteros Metals Incorporated is not treating these historical estimates as current mineral resource estimates, but believes that these historic results provide an indication of the potential of the property and are relevant from a continuing exploration perspective.}

Hopedale

In Labrador, the Hopedale property spans 20 sq km and is located 80 km south of the world-class Voisey’s Bay mine. The project targets magmatic nickel-copper-cobalt mineralization along the Churchill-Nain Suture Zone, a structure known for hosting globally significant deposits.

The property is underlain by troctolitic rocks intruded by northeast-trending gabbro dykes, a geological setting highly favourable for disseminated nickel-copper-cobalt sulphide mineralization. Historical stream sediment sampling revealed anomalous nickel, copper and cobalt values in proximity to untested electromagnetic conductors, suggesting strong potential for new discoveries. As a greenfield project, Hopedale represents a high-potential critical minerals opportunity, with upcoming exploration focusing on high-resolution geophysics to identify priority drill targets.

Leadership Team

Trumbull Fisher – CEO

A seasoned professional with 17 years of experience in mining and capital markets, Trumbull Fisher has successfully led multiple resource companies and brings a wealth of expertise in project generation and financing. Fisher has grown both private and public resource companies in roles as chairman, president, board member and advisor. Fisher holds a BA from Carlton University.

Alan Rootenberg – CFO

With over 35 years in corporate finance, Alan Rootenberg’s extensive knowledge ensures Anteros maintains its strong financial foundation. Rootenberg holds a CPA, CA designation and has extensive experience in mineral and oil and gas exploration, serving as chief executive officer, chief financial officer and director to publicly listed companies.

Wesley Keats – Strategic Advisor

Wesley Keats has 22 years of experience in the metals industry, having worked privately and for major and junior mining companies across seven countries. A fourth-generation prospector in Newfoundland, he is a partner of Planet X and VP of Exploration at Anteros. Keats is a co-recipient of the PDAC Bill Dennis Award for significant prospecting success.

Bill Kennedy – Director

Bill Kennedy is a second-generation prospector with 12 years of experience in exploration-centric business operations and development in Newfoundland and Labrador, and has over 20 years of experience in information technologies. Blending his passion for tech and mining, Kennedy continues to pioneer data science systems for mineral target vectorization.

Chris Morrison – Director

Chris Morrison has experience in the operation of multiple corporations, mining sector marketing and communications, and capital markets. Morrison is the marketing manager for Planet X Exploration and multiple public client companies, and the principal of SJ AV Studio – a digital multimedia audio/visual production facility focused on mining sector press and marketing material curation and distribution.

Emily Halle – Director

Emily Halle is co-founder, geologist, and managing director at Halle Geological Services. She holds degrees in commerce and geology, is a certified PMP, and has over 20 years of mineral exploration experience. She serves on the board of the Mining Association of Nova Scotia and is a Fellow of the Society of Economic Geologists.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$116,999, a 0.8 percent decline in 24 hours. Its lowest valuation of the day was US$116,956, while its highest was US$118,192.

Bitcoin price performance, August 15, 2025.

Chart via TradingView.

Bitcoin surged to a new all-time high of US$124,533 on Thursday (August 14), driven by increased institutional interest and expectations that the US Federal Reserve will cut interest rates.

However, the rally was short-lived, as the price fell as low as US$117,263 early on Friday.

The decline was attributed to hotter-than-expected US producer price index data for July, which dampened investor optimism about a rate reduction. Additionally, comments from US Secretary of the Treasury Scott Bessent revealed that the country holds less Bitcoin in reserve than previously thought, further unsettling the market.

Ethereum (ETH) experienced one of its most successful weeks of the year, with on-chain data further underscoring this bullish trend. Daily active addresses, stablecoin transfer volume and daily transactions all reached record highs this week. Additionally, decentralized exchange volume hit its highest point since 2022.

As of Friday’s close, ETH was priced at US$4,391.13, a 3.3 percent decline over 24 hours. Its lowest valuation on Friday was US$4,381.31, and its highest was US$4,614.81.

Altcoin price update

• Solana (SOL) was priced at US$184.03, down by 4.8 percent over 24 hours. Its lowest valuation of the day was US$183.837, while its highest valuation was US$193.02.

• XRP was trading for US$3.07, down 0.3 percent in the past 24 hours. Its lowest valuation of the day was US$3.01, and its highest was US$3.11.

• Sui (SUI) was trading at US$3.66, down by 2.4 percent over the past 24 hours. Its lowest valuation of the day was US$3.63, while its highest was US$3.85.

• Cardano (ADA) was trading at US$0.93, up 0.3 percent over 24 hours. Its lowest valuation of the day was US$0.9186, while its highest was US$0.9526.

Today’s crypto news to know

Ethereum ETF inflows hit nearly US$3 billion for the week

Ethereum-focused exchange-traded funds (ETFs) have seen an unprecedented surge in investor demand, attracting almost US$3 billion in net inflows over the past week. According to SoSoValue data, this amount is more than five times the US$562 million that flowed into Bitcoin ETFs during the same period.

The spike coincides with a rapid increase in Ethereum holdings by crypto treasury firms — their exposure has climbed from US$600 million to US$11 billion in just six weeks. It also follows the US Securities and Exchange Commission’s (SEC) approval of in-kind creations and redemptions for spot Bitcoin and Ethereum ETFs. The change makes the funds more cost efficient and attractive to institutional investors.

ETF Store President Nate Geraci said in a post on X that three of the four largest single-day inflows for Ethereum ETFs since their inception occurred this week alone. Prices for the cryptocurrency have rallied nearly 19 percent over the past seven days, coming within reach of their 2021 all-time high of US$4,878.

Galaxy Digital secures US$1.4 billion loan for AI data center

Galaxy Digital (NASDAQ:GLXY) has secured a US$1.4 billion term loan facility to accelerate the development of its Helios artificial intelligence (AI) data center campus in Texas.

The loan, announced on Friday, will cover approximately 80 percent of the construction costs for the project’s first phase, with Galaxy Digital contributing US$350 million in equity. According to an SEC filing, the loan is secured by all assets of Galaxy Helios I, a subsidiary of Galaxy Digital, and is set to mature on August 15, 2028.

The capital infusion will fund the expansion of the Helios AI datacenter, enabling it to deliver power for AI workloads under a long-term agreement with GPU cloud provider CoreWeave (NASDAQ:CRWV), commencing in early 2026.

Galaxy Digital also announced the expansion of a power capacity deal with CoreWeave to 800 megawatts for AI and high-performance computing operations at its Helios campus, projecting over US$1 billion in annual revenue from this deal, or US$15 billion over 15 years. The Helios data center is expected to reach a 3.5 gigawatt capacity when fully developed, with 2.7 gigawatts available for other clients after the CoreWeave agreement.

DOJ seizes over US$2.8 million in crypto from alleged ransomware operator

On Thursday, the US Department of Justice (DOJ) announced the seizure of over US$2.8 million in cryptocurrency, as well as cash and other assets, as part of a criminal case against an alleged ransomware operator.

Ianis Aleksandrovich Antropenko, the alleged operator, faces charges of conspiring to commit computer fraud and abuse, as well as conspiracy to commit money laundering.

On Thursday, the DOJ unsealed six warrants, authorizing the seizure of US$2.8 million in cryptocurrency from a wallet controlled by Antropenko, along with US$70,000 in cash and a luxury vehicle.

According to the notice, these assets are believed to be the proceeds of ransomware activity, or involved in laundering those proceeds. The laundered assets were disguised through various methods, including the use of ChipMixer, a cryptocurrency mixing service that was shut down in a coordinated international operation in 2023.

Antropenko also laundered cryptocurrency by converting it to cash and making structured cash deposits.

Saylor bets on US$100 billion ‘Bitcoin credit’

Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), is pursuing a high-risk plan to finance further Bitcoin purchases through perpetual preferred stock offerings.

The new securities — nicknamed “Stretch” — do not mature, lack voting rights and can skip dividends under certain conditions, giving the issuer flexibility while raising investor concerns about risk.

This marks a departure from the company’s earlier reliance on common stock sales and convertible bonds to fund what is now a US$75 billion Bitcoin treasury. Saylor aims to retire billions in outstanding debt and replace it with preferred equity, which he says could theoretically scale to US$100 billion or more in capital raised.

The model hinges on investor appetite for yield backed indirectly by Bitcoin’s performance, while avoiding the dilution impact of issuing more common stock.

Federal Reserve Board to sunset crypto supervision program

In a notice on Friday, the US Federal Reserve Board said it will sunset a program created in August 2023 to supervise certain activities related to crypto assets and distributed ledger technology.

The Fed said it will return to monitoring activity through the normal supervisory process.

“Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices,” it said.

“As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program.”

Hong Kong SFC rolls out stricter rules for licensed crypto platforms

Hong Kong’s Securities and Futures Commission (SFC) has introduced new custody rules for licensed virtual asset trading platforms, setting stricter benchmarks for how client assets must be stored and secured.

The updated framework includes specific requirements for cold wallet usage, senior management accountability and real-time cyber threat monitoring, alongside rules for using third-party wallet providers.

These measures follow an SFC review earlier this year that identified security and operational gaps among some licensed exchanges. The regulator says the changes are part of its ASPIRe strategy, a five point plan to address liquidity fragmentation, regulatory arbitrage and volatility, while expanding regulated product offerings.

The policy also aims to position Hong Kong as a safer, more structured alternative to other Asian crypto hubs, notably Singapore, which has imposed tighter limits on retail trading.

1. US government strikes controversial Big Tech deal

On Monday (August 11), the Washington Post reported on a deal between the US government and tech giants NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (AMD) (NASDAQ:AMD). It stipulates that the tech companies must surrender 15 percent of revenue from Chinese sales of NVIDIA’s H20 chips and AMD’s MI308 chips.

Anonymous sources told the news outlet that this condition was imposed as a prerequisite for granting the companies export licenses to sell their products in China. The move that has prompted legal concerns among trade experts who say the fee could be construed as an unconstitutional trade tax.

“To call this unusual or unprecedented would be a staggering understatement,” Stephen Olson, a former US trade negotiator, told Bloomberg. “What we are seeing is in effect the monetization of US trade policy in which US companies must pay the US government for permission to export.”

AMD, NVIDIA and Intel performance, August 12 to 15, 2025.

Chart via Google Finance.

Meanwhile, shares of Intel (NASDAQ:INTC) rose as much as 4.6 percent on Tuesday (August 12) following a ‘candid and constructive’ meeting between CEO Lip-Bu Tan and US President Donald Trump on Monday.

The meeting came after Trump called for Tan’s removal last week.

According to a separate Bloomberg article, the US government is considering taking a stake in the chipmaker to help it establish a planned factory hub in Ohio; the company once promised it would be the world’s largest chipmaking facility. Tan has not confirmed or denied the report, but discussions are said to be ongoing. Sources told Bloomberg the government is considering using funds from the Biden administration’s Chips Act to fund the stake.

2. Amazon to expand grocery delivery services

Amazon (NASDAQ:AMZN) shares rose as much as 1.3 percent on Wednesday (August 13) after the commerce company announced plans to significantly expand its grocery services.

On Wednesday, the company said its same-day delivery service will now include fresh groceries, including produce, meat and dairy, in over 1,000 cities, with plans to expand into more than 2,300 by the end of the year.

The service is included in Amazon Prime memberships for orders over US$25. Smaller orders and orders from non-members will require fees of US$2.99 and US$12.99, respectively.

3. CoreWeave shares drop after mixed earnings report

Artificial intelligence (AI) data center operator CoreWeave (NASDAQ:CRWV) reported mixed Q2 results on Tuesday, with revenue more than doubling year-on-year to US$1.2 billion, beating estimates of US$1.08 billion, and a revenue backlog of US$30.1 billion. However, the growth came at a high cost. The company reported a record US$2.9 billion in capital expenditures for the quarter, and operating expenses jumped by 276 percent to US$1.19 billion.

CoreWeave performance, August 12 to 15, 2025.

Chart via Google Finance.

The company also reported losses of US$291 million, larger than the US$190.6 million analysts had estimated.

Shares of CoreWeave opened more than 10 percent lower on Wednesday and declined throughout the week, closing at US$99.97 on Friday (August 15) compared to Monday’s opening price of US$134.80.

4. Perplexity bids on Chrome, prepares for fresh funding round

AI startup Perplexity made a US$34.5 billion bid for Google’s (NASDAQ:GOOGL) web browser, Chrome, in a move to secure its future in the AI search market. Perplexity told the Wall Street Journal that the unsolicited offer would be funded with the help of outside investors. The company’s advance comes as Google faces a potential divestiture following an antitrust trial that found it had illegally monopolized online search and search advertising.

OpenAI has also expressed interest in acquiring Chrome.

On Thursday, Business Insider reported that Perplexity is preparing for another round of funding, which would mark its sixth fundraiser in 18 months. The company is reportedly seeking a post-money valuation of US$20 billion. This comes barely one month after the startup achieved a US$18 billion valuation.

The rapid succession of these events underscores the intense, high-stakes competition among AI startups to secure foundational assets and challenge established tech giants.

Canadian AI startup Cohere secured US$500 million in fresh funding on Thursday from a group of investors that included NVIDIA and AMD, bringing its valuation to US$6.8 billion. The company also onboarded former executives from Uber Technologies (NYSE:UBER) and Meta Platforms (NASDAQ:META).

5. Apple plans product expansion

Apple (NASDAQ:AAPL) shares climbed as high as 1.7 percent on Wednesday after Bloomberg reported on the company’s planned expansion into robotics, home security and smart displays.

The new products are aimed at strengthening Apple’s product ecosystem, which has paled in comparison to offerings from tech rivals like Amazon and Meta.

Apple performance, August 12 to 15, 2025.

Chart via Google Finance.

Some of the new devices slated for future release include a tabletop virtual companion robot, a long-planned advanced Siri model with a visual personality, a smart speaker with display capabilities and home security cameras.

Apple finished the week at US$231.59, a 1.7 percent gain from Monday.

Markets and commodities react

In Canada, equity markets were mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was in record territory, closing Wednesday (August 13) at an all-time high of 27,993.43, but it had slipped by Friday to close the week up 0.41 percent at 27,905.49.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was flat, posting a slight loss of 0.12 percent to 790.77. The CSE Composite Index (CSE:CSECOMP) had another strong week, gaining 3.58 percent to 156.87.

US equity markets rebounded this week and finished near all-time highs.

The S&P 500 (INDEXSP:INX) set a new record on Thursday (August 14), closing at 6,468.53, but slipped to register a 1.49 percent gain on the week to 6,449.79. The Nasdaq 100 (INDEXNASDAQ:NDX) also set a new record of 23,849.04 on Wednesday, but fell in the last two days of trading, recording a weekly gain of 1.08 percent to 23,712.07.

Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) was above 45,000 points for the first time since December 2024, but failed to achieve a new record. It posted a 2.01 percent gain to finish the week at 44,946.13.

The gold price slumped this week following clarification from the White House that imports of 1 kilogram and 100 ounce gold bars from Switzerland will not face tariffs. Gold had fallen 1.81 percent by 4:00 p.m. EDT on Friday to reach US$3,338.36 per ounce. Silver also retraced this week, losing 0.7 percent to hit US$37.97 per ounce.

Copper saw little change this week, posting a 0.44 percent gain to US$4.54 per pound. The S&P GSCI (INDEXSP:SPGSCI) commodities index posted a slight decline of 0.8 percent by close on Friday, finishing at 545.59.

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.

Stock 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. Focus Graphite (TSXV:FMS)

Weekly gain: 94.44 percent
Market cap: C$25.18 million
Share price: C$0.35

Focus Graphite is working to advance its Lac Knife and Lac Tétépisca projects in Québec, Canada.

Lac Knife covers 3,248 hectares in Eastern Québec. An April 2023 updated feasibility study outlines an after-tax net present value of C$284.8 million with an internal rate of return of 22.57 percent and a payback period of 3.38 years. Lac Knife is expected to produce 50,000 metric tons (MT) of graphite concentrate annually over a mine life of 27 years.

For its part, Lac Tétépisca spans 6,629 hectares in Central Québec. An April 2022 technical report shows an indicated resource of 59.3 million MT grading 10.61 percent graphitic carbon for 6.3 million MT of in-situ natural flake graphite. The inferred category stands at 14.8 million MT grading 11.06 percent graphitic carbon for 1.6 million MT.

On Wednesday (August 13), Focus resumed work on the environmental and social impact assessment for Lac Knife. In total, it has to complete 16 technical reports as required by the province to advance to the construction phase. Focus previously halted work due to funding delays, but now expects the reports to be complete in early 2026.

The firm is also moving forward with geochemical analysis of over 1,000 samples collected from 2022 exploration drilling at Lac Tétépisca. It will use the results to finalize a resource estimate, which it expects to deliver this fall.

This week’s news comes after Focus said on August 8 that it had closed a non-brokered private placement for C$891,000. Funds will be used to maintain existing operations and for general capital.

2. Libra Energy Materials (CSE:LIBR)

Weekly gain: 56.67 percent
Market cap: C$13 million
Share price: C$0.235

Libra Energy Materials is a lithium-focused exploration company that is currently working to advance its Flanders North, Flanders South and Soules Bay-Caron (SBC) projects in Ontario, Canada.

The properties are part of a November 2024 earn-in agreement with KoBold Metals. Libra can earn a 75 percent stake by incurring C$33 million in exploration expenditures across the properties over the next six years.

Flanders North and South cover 40,000 hectares, and initial surveys in 2023 revealed hundreds of pegmatites, with surface exposures of up to 200 meters in width and grab samples of up to 2.86 percent lithium oxide.

SBC covers an area of 15,000 hectares and is located near Pickle Lake, Ontario. Exploration work carried out at the property in June 2024 earned the company the Bernie Schnieders Discovery of the Year Award. The discovery included several spodumene-bearing pegmatites with widths of up to 30 meters, and spodumene grades of 15 to 25 percent across SBC. During the program, the company collected 184 grab samples with up to 6.64 percent lithium oxide.

Shares of Libra gained this week, but the company did not release any news.

3. Q-Gold Resources (TSXV:QGR)

Weekly gain: 50 percent
Market cap: C$10.48 million
Share price: C$0.18

Q-Gold Resources is a gold explorer focused on the acquisition of the Quartz Mountain project in Oregon, US. On April 3, it entered into a definitive agreement with Alamos Gold (TSX:AGI,NYSE:AGI) to acquire the property.

The measured and indicated gold resource for Quartz Mountain, which spans 2,000 hectares, comes in at 339,000 ounces at an average grade of 0.87 grams per MT (g/t) from 12.16 million MT of ore; its inferred resource stands at of 1.15 million ounces with an average grade of 0.91 g/t from 39.21 million MT ore.

Q-Gold’s latest news came on August 8. It said company representatives intend to visit the project site for the first time. They expect to conduct sampling of select diamond drill cores and verify the current status of all claims at the project.

4. Gienstar Minerals (CSE:GIEN)

Weekly gain: 49.12 percent
Market cap: C$17.58 million
Share price: C$0.85

Glenstar Minerals is an exploration company working to advance projects in Nevada, US.

Its Green Monster property consists of 35 lode claims and covers 700 acres southwest of Las Vegas. The property hosts nickel, copper, cobalt and zinc mineralization, and has mine workings dating back to the late 1800s.

The most recent update from the property came this past Wednesday, when Glenstar announced that it will switch the focus of its Phase 2 drill program to extension drilling following the discovery of a new polymetallic zone. The drilling will be centered on a high-grade zinc occurrence with grades above 30 percent and assay results of up to 177 parts per million (ppm) silver, 523 ppm nickel, 91.9 ppm cobalt and copper of 0.36 percent.

The company also owns the Wildhorse property in Southern Nevada. The early stage project has had limited exploration, but assays from a sampling program were released on July 23. In that announcement, Glenstar said four grab samples from the Coca Cola zone returned copper grades of 1.6 percent, 5.3 percent, 2.3 percent and 5.1 percent, with an average of 21.6 ppm silver, 156 ppm bismuth and 72.5 ppm tungsten.

Four samples were also collected from the Highland zone, which returned average grades of 0.16 percent copper, 1.23 percent zinc, 1.98 percent lead and 43 ppm silver.

5. Sterling Metals (TSXV:SAG)

Weekly gain: 47.69 percent
Market cap: C$13.3 million
Share price: C$0.48

Sterling Metals is an exploration company working to advance a trio of projects in Canada. Over the past year, its primary focus has been on exploration at its brownfield Soo copper project in Ontario. The 25,000 hectare property has hosted two past-producing copper mines and has the potential for larger intrusion-related copper mineralization.

On January 15, Sterling announced results from a 3D induced-polarization and resistivity survey that covered an area of 5 kilometers by 3 kilometers and revealed multiple high-priority drill-ready targets.

The company intends to use the survey results, along with historical exploration, to inform a drill program at the site.

The company’s other two projects are Adeline, a 297 square kilometer district-scale property with sediment-hosted copper and silver mineralization along 44 kilometers of strike, and Sail Pond, a silver, copper, lead and zinc project that hosts a 16 kilometer long linear soil anomaly and has seen 16,000 meters of drilling.

Both properties are located in Newfoundland and Labrador.

The most recent news from the company came on August 7, when Sterling reported that it had commenced Phase 2 drilling at Soo. The 3,000 to 5,000 meter program is designed to test areas defined through the Phase 1 program, as well as historic drill data and geophysical interpretations.

FAQs for Canadian mining stocks

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.