Peter Krauth, editor of Silver Stock Investor and Silver Advisor, shares his thoughts on what’s next for silver after its run into triple digits.
‘I do think that we’re going to end the year higher than where we are now. Perhaps to the tune of 20, 30, perhaps even 40 percent higher,’ he said.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Graphite stocks and prices have experienced volatility in recent years recently due to bottlenecks in demand for electric vehicles, as graphite is used to create lithium-ion battery anode materials.
One major factor experts are watching is the trade war between China and the US.
China introduced export restrictions on certain graphite products on December 1, 2023, making it a requirement for Chinese exporters to apply for special permits to ship the material to global markets. In July 2025, the Trump administration in the US announced it would raise tariffs on battery-grade graphite imports from China to 93.5 percent.
Another trend that shaped the graphite market in 2025 was the increasing substitution of natural graphite with synthetic graphite in battery anode production; this comes in response to Chinese exports restrictions and US tariffs on natural graphite.
This led to much lower prices for natural graphite, and against that backdrop, many Canadian graphite stocks trended down. However, several graphite-focused companies have seen strong performances in the past year.
Below is a look at the year’s best-performing graphite stocks on the TSX, TSXV and CSE. Data was obtained on January 21, 2026, using TradingView’s stock screener, and all companies listed had market caps above C$10 million at that time. Read on to learn more about the operations and news of the top Canadian graphite companies.
Year-to-date gain: 1,512.12 percent
Market cap: C$549.85 million
Share price: C$6.64
Titan Mining is a critical mineral mining and development company with zinc and graphite assets in New York, US. The company currently produces zinc concentrate and aims to become an end-to-end producer of natural flake graphite.
Its Empire State Mines (ESM) zinc operations include the ESM 4 mine, which restarted production in January 2018, along with six past-producing mines capable of supplying additional feedstock for its onsite mill.
In addition to zinc, the property also hosts the Kilbourne graphite deposit located 4,000 feet from the existing mill at its Empire Mines operation. A December 2024 maiden resource estimate demonstrates an open-pit inferred resource of 653,000 short tons of contained graphite from 22.42 million short tons of ore with an average grade of 2.91 percent graphitic carbon.
Throughout 2025, Titan focused on advancing its flake graphite demonstration processing facility at Kilbourne, with an initial capacity of 1,000 to 1,200 metric tons of graphite concentrate annually. This early production would be used for product qualification sales to defense companies and industrial companies in early 2026.
Construction of the demonstration plant began in May, and development continued throughout Q3 and Q4.
Titan announced in its Q3 results on November 5 that commissioning had begun and the facility was expected to produce its first graphite concentrate during Q4. Additionally, mining of the Kilbourne demonstration pit began in Q3, and the company had stockpiled 8,000 short tons of ore, with 500 short tons crushed for initial plant feed.
On December 11, the company announced that graphite processing had begun at the facility.
Titan released the preliminary economic assessment for the full Kilbourne project at the start of December. The operation is planned with a 13 year mine life and average graphite production of 37,438 metric tons per year. The study reports an after-tax net present value of US$513 million, an internal rate of return of 37 percent and a payback period of 2.69 years.
Then, on December 23, Titan said it had closed on a US$5.5 million financing package with the Export-Import Bank of the United States, which would be used to support accelerated resource drilling, metallurgical test work and engineering programs necessary for the completion of a 2026 feasibility study.
Shares in Titan Mining reached a high of C$7.09 on January 21.
Year-to-date gain: 1,336.73 percent
Market cap: C$1.11 billion
Share price: C$3.52
HydroGraph Clean Power produces cost-effective, high-purity graphene, hydrogen and other strategic nanomaterials.
Graphene, a pure carbon material extracted from graphite, has myriad potential applications in industries such as transport, solar cells, medicine, electronics, energy, defense and desalination.
HydroGraph has an exclusive license from Kansas State University to produce graphene and hydrogen via the organization’s patented detonation process. While lower-purity graphene is typically produced using natural graphite, HydroGraph’s patented process produces 99.8 percent pure carbon content graphene using acetylene and oxygen.
Much of HydroGraph’s news flow in 2025 centered on strategic partnerships.
Results from a research study conducted with Arizona State University demonstrated that the company’s HydroGraph’s Fractal Graphene is well suited for ultra-high-performance concretes and 3D-printed structures.
In February, HydroGraph announced a technical collaboration with an unnamed global leader in synthetic fiber manufacturing to assess the potential of its graphene technology in high-performance fiber applications.
The following month, HydroGraph shared the launch of a line of advanced graphene dispersions developed in collaboration with battery materials and testing services company NEI. The products have the potential to be used to produce high-performance electrodes for use in energy storage solutions.
The company signed a letter of intent in April that could lead to a North American industrial gas supplier providing it with access to large volumes of high-purity acetylene, an essential feedstock will help the firm advance its plans to build a new graphene production facility in Texas with the capacity to produce over 350 metric tons of graphene annually.
HydroGraph launched its Compounding Partner Program in July with the goal of attaining commercial-scale production of its high-performance Fractal Graphene in thermoplastics. In August, the company announced a partnership with Hawkey Bio to supply graphene for use in its Lung Enzyme Activity Profile early lung cancer detection test.
Then, in September, HydroGraph signed a letter of intent with SEADAR Technologies to provide it with graphene material to coat current and future undersea products.
As for 2026, the company announced on January 6 that it had moved from a tier 2 to tier 1 member with the Graphene Engineering Innovation Centre at the University of Manchester. The move will establish a HydroGraph lab in the center and increase access to its facilities.
HydroGraph reached a high of C$4.07 on October 31.
Year-to-date gain: 394.12 percent
Market cap: C$45.47 million
Share price: C$0.42
Focus Graphite Advanced Materials is both a graphite miner and a battery technology company. Its wholly owned flagship Lac Knife high-grade crystalline flake graphite project is located in Northeastern Québec, Canada.
With a completed feasibility study, Lac Knife is one of North America’s most advanced graphite deposits. The company also holds Lac Tétépisca, the highest-purity graphite project in Québec.
In terms of battery technologies, Focus Graphite has a patent-pending proprietary silicone-enhanced spheroidized graphite technology that is designed to enhance battery performance and efficiency.
Throughout 2025, the company has reached several use-case milestones for graphite sourced from Lac Knife.
In mid-June, thermal purification testing on Lac Knife flake graphite resulted in refined concentrate to a purity level of 99.999 percent carbon, which Focus Graphite said “underscores (the company’s) potential to supply ultra-high-purity graphite material for nuclear energy applications, a market historically dominated by synthetic graphite.”
Graphite from the site was further validated in August, when it was used as part of nozzle components aboard Pluto Aerospace’s successful Dash 1 rocket Flight 003. The test was done to evaluate hypersonic performance and thermal resistance. The nozzle temperature exceeded 3,000 degrees Celsius.
The company said the collected data would be used to validate the performance characteristics of the graphite in high-stress environments for use in defense systems.
Then, on October 22, Focus reported that the anode material passed phase 1 battery validation conducted by Charge CCCV and American Energy Technologies Company. The independent lab tests confirmed near-theoretical electrochemical capacity around 371 milliampere-hours per gram, as well as strong suitability for lithium-ion batteries.
Shares of Focus Graphite reached a high of C$0.66 on November 3.
Year-to-date gain: 340 percent
Market cap: C$10.39 million
Share price: C$0.33
Formerly known as Green Battery Minerals, First Canadian Graphite is an exploration company advancing its Berkwood graphite project in Central Québec. The property sits adjacent to Nouveau Monde Graphite’s NPV Uatnam graphite project.
A June 2019 mineral resource estimate (MRE) demonstrated an indicated resource of 299,200 metric tons of graphitic carbon from 1.76 million metric tons of ore with a grade of 17 percent graphitic carbon, and an inferred resource of 250,200 metric tons graphitic carbon from 1.53 million metric tons of ore with an average grade of 16.4 percent.
In April 2025, the company announced its name change to First Canadian Graphite from Green Battery Minerals.
Much of First Canadian’s focus in 2025 was on its corporate governance and financing. On August 26, the company appointed Florent Baril to its board of directors. Baril has more than 40 years of experience in project engineering and resource development and was also the co-author for the Berkwood project’s MRE.
Then, on November 18, the company announced its intention to open a hard dollar financing round for up to 1.5 million units to raise gross proceeds of up to C$225,000 for general working capital. It also stated that it would offer an additional 1.5 million flow-through shares to raise C$300,000, to be directed to exploration expenses at Berkwood.
In a follow-up on December 12, First Canadian said it was applying to the TSX for approval to increase the hard dollar financing to a total of C$740,000, consisting of 4.93 million shares.
The most recent news came on January 12, when First Canadian reported that it had initiated airborne electromagnetic (EM) and magnetic surveys over Berkwood, covering five high-priority targets, to assess the probability and scope of hosted graphite occurrences.
The release also said that the company staked an additional 125 claims, bringing the total to 315 claims covering 16,542 hectares. First Canadian noted it was reviewing the claims and may add additional EM flyovers of the new property area.
First Canadian reached a high of C$0.43 on January 12.
Weekly gain: 58.82 percent
Market cap: C$17.04 million
Share price: C$0.135
Northern Graphite is a flake graphite developer and producer. In Ontario, Canada, it owns the producing Lac des Iles mine and the construction-ready Bissett Creek project, and in Namibia, it owns the past-producing Okanjande graphite mine.
According to a February 2024 technical report, the company’s flagship Lac des Iles mine hosts an indicated resource of 213,000 metric tons of graphitic carbon, with an additional inferred resource of 106,000 metric tons.
According to the company’s 2024 results released on May 1, the mine produced 11,697 metric tons of graphite concentrate in 2024. Northern Graphite noted that the mine was closed for maintenance and repair between November and mid-January.
However, in its Q1 report released on May 30, the company said it expected the existing pit at Lac-De-Iles to be exhausted by the fall of 2025 and was seeking support from various levels of government for the funding needed to extend the mine life by an additional 8 years.
On August 26, that support came in the form of up to C$6.23 million from Natural Resources Canada. At the time, Northern Graphite said it would begin work to extend the pit as soon as it could to avoid putting the mine on care and maintenance.
However, due to a bearing failure at the mill, the company chose to place the mine and mill on temporary care and maintenance on November 20 to begin repairs and to prepare for pit extension in 2026.
“Rather than stopping the plant now and again in January, we decided to start the maintenance program immediately in order to avoid having two separate shutdowns,” Northern CEO Hugues Jacquemin said.
The company is also advancing several battery anode material facilities projects’ the Baie-Comeau facility in Québec, the Yanbu facility in Saudi Arabia and a processing facility in Northern France.
In mid-April, the company announced a partnership with infrastructure and business development company BMI Group to evaluate the feasibility of developing its Canadian battery anode material facility in a former paper mill in Baie-Comeau that BMI is developing as a hub. This was quickly followed by a letter of support from the Port of Rotterdam on April 23.
On November 3, Northern announced that its consortium with Rain Carbon Canada had received a research and development grant of up to C$860,00 under the Canada-Germany Collaborative Industrial Research Program. The project will focus on transforming low-value natural graphite fine fractions into high-performance, battery-grade anode material.
Most recently, on January 14 of this year, the company signed a term sheet with Obeikan Investment Group to create a joint venture to develop and operate the US$200 million Yanbu battery anode facility in Saudi Arabia. Once complete, the facility will have a production capacity of 25,000 metric tons of battery anode material per year. Obeikan Investment Group will have a 51 percent ownership stake, with Northern Graphite holding the remaining 49 percent.
Shares in Northern Graphite reached a high of C$0.355 on January 14.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Gold and silver prices are skyrocketing past key psychological price levels to historic highs as investors flock to safe-haven assets.
What once seemed like a fairy tale dream shared among ardent gold bugs is now a reality in today’s ever-shifting new world order. Gold is now trading above US$5,000 per ounce while silver prices are now into the triple digits.
The spot price of gold broke through the US$5,000 mark on Sunday (January 25) and reached as high as US$5,110.23 per ounce in early morning trading on Monday (January 26).
The price of silver also reached an historic milestone, breaking through the US$100 per ounce mark and soaring as high as US$116.37 by 9:49 am PST. Although it is valued as an investment metal, silver is key for technology such as solar panels.
This latest price surge in precious metals comes as US President Donald Trump has threatened 100 percent tariffs on Canadian goods in response to Prime Minister Mark Carney’s latest trade deal with US rival China. Another contributing factor is a possible US government shutdown as the Senate Democrats push back on a new funding for the Department of Homeland Security. And there’s the US Federal Reserve interest rate decision upcoming on Wednesday (January 28).
On top of all that, investors are staring down the barrel of global economic implications of insurmountable debt levels and unresolved trade wars, which have led central banks around the world to bolster their gold reserves.
Gold price chart, January 19 to 26, 2026.
The yellow metal’s latest rise adds to an ongoing historic run.
After starting 2025 around US$2,640, gold had risen to the US$3,200 level by April. It stayed within a fairly flat range until the end of August, when it launched higher once again, breaking US$4,300 in mid-October.
The price of gold took a breather following that move, even falling briefly below US$4,000; however, its retracement was neither as steep nor as long as many market watchers expected it to be.
Gold began gaining steam again in mid-November, and took off again in earnest at the end of 2025.
In 2026, precious metals have continued to benefit from geopolitical tensions and economic uncertainty. Expectations of interest rate cuts after US Federal Reserve Chair Jerome Powell’s term ends later this year have provided support too. Trump’s feud with the Fed over rates took an eyebrow-raising turn on January 9, when the US Department of Justice served the Fed with grand jury subpoenas targeting Powell with a criminal indictment.
Last week, gold climbed higher as investors moved out of global stocks after Trump said over the weekend that European nations opposing his bid to acquire Greenland could face tariffs of up to 25 percent.
The nations targeted included France, Germany, the UK, Denmark, Norway, Sweden, the Netherlands and Finland. The news prompted fears of a full-blown US-Europe trade war, a weaker US dollar, higher inflation and a worsening outlook for the global economy. There were even concerns that the conflict over Greenland could seriously weaken or dismantle the NATO alliance. Gold is traditionally used as a hedge against such risks.
Greenland’s key geographic position in the Arctic has long been coveted by the US as a necessary strategic asset in its geopolitical struggle with Russia and China. “China and Russia want Greenland, and there is not a thing that Denmark can do about it,” Trump wrote on January 17 on his social media platform Truth Social. “Only the United States of America, under PRESIDENT DONALD J. TRUMP, can play in this game, and very successfully, at that!”
‘As soon as the probability of escalation increases, defensive capital tends to move preemptively, rather than waiting for tangible impacts to materialize in economic data. In this context, gold functions as a portfolio risk-balancing asset.’
European leaders responded with vows that they would not be blackmailed into allowing Trump to take Greenland, and said they were preparing counter measures to the president’s tariffs.
Perhaps the pressure worked, as Trump made a point of stating in his January 21 Davos speech: ‘I don’t have to use force. I don’t want to use force. I won’t use force.’
Elsewhere in the precious metals space, platinum rose to record highs on Monday, reaching US$2,933 per ounce. Palladium is also on a tear, soaring as high as US$2,188 per ounce, although it remains well below its record US$3,440 per ounce set in March 2022.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
New Found Gold Corp. (TSXV: NFG) (NYSE American: NFGC) (‘New Found Gold’ or the ‘Company’) is pleased to announce key advancements at its 100%-owned Queensway Gold Project (‘Queensway’ or the ‘Project’) in Newfoundland and Labrador, Canada, which includes entering into a Phase I engineering, procurement and construction management services (‘EPCM’) contract.
Highlights of Key Project Advancements:
Offsite Mill Selection: The Company owns the fully permitted Pine Cove Mill (‘Pine Cove‘) and Nugget Pond Hydrometallurgical Gold Plant, both located in central Newfoundland. EPCM work will include upgrading and expanding Pine Cove for Queensway Phase 1 to benefit from the synergies of processing both Hammerdown and Queensway Phase 1 feed from a single facility.
Environmental Assessment: The Company has substantially completed its environmental baseline work at Queensway and plans to submit an Environmental Registration (‘ER‘) to the Newfoundland and Labrador (‘NL‘) Department of Environment, Conservation and Climate Change in late Q1/26. The ER serves to initiate the environmental assessment (‘EA‘) process for the Project, as per the NL Environmental Protection Act. Updates on the status of the EA process will be provided when available.
Project Finance: As previously announced, the Company has engaged Cutfield Freeman & Co. Ltd., an independent global mining finance advisory firm, to act as its project finance advisor with the objective of selecting the optimal financing package for the initial capital expenditure required to fund Queensway Phase 1 production2.
Technical Report: the Company plans to file an updated Technical Report, which will include an updated mineral resource estimate, in mid-2026.
Timeline: The Queensway Phase 1 project finance process is ongoing and EPCM work is underway with the objective of achieving first gold pour from Queensway Phase I in H2/27, pending receipt of all required permits.
Keith Boyle, CEO of New Found Gold stated ‘Commencing EPCM work is a key milestone in advancing Queensway. We believe our rapid timeline from initial mineral resource in early 2025 to a planned first gold pour in late 2027 is supported by a unique combination of factors, namely: significant drilling and technical work completed on a deposit with an at-surface, high-grade core; ownership of the recently acquired Pine Cove operation, equipped with a fully permitted milling and tailings facilities; and being located in a mining-positive region. Newfoundland and Labrador is a jurisdiction ranked in the top 10 globally in the Fraser Institute’s 2024 Annual Survey of Mining Companies and offers excellent access, infrastructure and a skilled labour force. Having executed on a number of key steps in 2025 and building a strong technical and operating team over the past year has put the Company in an excellent position to accelerate the development of Queensway in a strong gold price environment.’
Qualified Person
The scientific and technical information disclosed in this press release was reviewed and approved by Keith Boyle, P.Eng., CEO, and a Qualified Person as defined under National Instrument 43-101. Mr. Boyle consents to the publication of this press release by New Found Gold. Mr. Boyle certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.
About New Found Gold Corp.
New Found Gold is an emerging Canadian gold producer with assets in Newfoundland and Labrador, Canada. The Company holds a 100% interest in Queensway and owns the Hammerdown Operation, Pine Cove Operation and Nugget Pond Hydrometallurgical Gold Plant. The Company is currently focused on advancing Queensway to production and bringing the Hammerdown Operation into steady-state gold production.
In July 2025, the Company completed a PEA at Queensway (see New Found Gold news release dated July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential that covers a +110 km strike extent along two prospective fault zones at Queensway.
New Found Gold has a new board of directors and management team and a solid shareholder base which includes cornerstone investor Eric Sprott. The Company is focused on growth and value creation.
Keith Boyle, P.Eng.
Chief Executive Officer
New Found Gold Corp.
Contact
For further information on New Found Gold, please visit the Company’s website at www.newfoundgold.ca, contact us through our investor inquiry form at https://newfoundgold.ca/contact/contact-us/ or contact:
Fiona Childe, Ph.D., P.Geo.
Vice President, Communications and Corporate Development
Phone: +1 (416) 910-4653
Email: contact@newfoundgold.ca
Follow us on social media at https://www.linkedin.com/company/newfound-gold-corp, https://x.com/newfoundgold
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Cautions
This press release contains certain ‘forward-looking statements’ within the meaning of Canadian securities legislation, including relating to WSP’s engagement to provide EPCM services for Queensway Phase 1 project development; the expected start of the EPCM work in Q1/26; the planned work on Pine Cove for Queensway Phase 1; the expected submission of an ER to the NL Department of Environment, Conservation and Climate Change in late Q1/26; the future updates on the status of the EA process; the anticipated filing of an updated Queensway technical report; and the expected first gold pour from Queensway Phase I, pending receipt of all required permits. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts, they are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘interpreted’, ‘intends’, ‘estimates’, ‘projects’, ‘aims’, ‘suggests’, ‘indicate’, ‘often’, ‘target’, ‘future’, ‘likely’, ‘pending’, ‘potential’, ‘encouraging’, ‘goal’, ‘objective’, ‘prospective’, ‘possibly’, ‘preliminary’, and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘can’, ‘could’ or ‘should’ occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSXV, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company’s ability to complete exploration and drilling programs as expected, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results and the results of the metallurgical testing program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
1 for additional information see the Company’s news release dated July 21, 2025.
2 for additional information see the Company’s news release dated November 28, 2025.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281691
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Coelacanth Energy Inc. (TSXV: CEI,OTC:CEIEF) (‘Coelacanth’ or the ‘Company’) announces that its board of directors approved the granting of incentive stock options (‘Options’) under its stock option plan to acquire up to an aggregate of 8,634,250 common shares (‘Common Shares’) of the Corporation (6,298,250 granted to certain of its directors and officers and 2,336,000 granted to certain of its employees) and to the granting of restricted share units (‘RSUs’) under its restricted share unit plan to obtain up to an aggregate of 5,369,500 Common Shares (4,224,250 granted to certain of its directors and officers and 1,145,250 granted to certain of its employees).
All of the Options are exercisable for a period of five years at a price of $0.80 per Common Share and 33⅓% of the Options will vest on the date that is one year after the date of the grant of such Options and the remainder will vest 33⅓% per year thereafter. All of the RSUs are exercisable for a period of three years at no additional cost and 33⅓% of the RSUs will vest on the date that is one year after the date of the grant of such RSUs and the remainder will vest 33⅓% per year thereafter.
Following the grant of Options and RSUs, Coelacanth has an aggregate of 30,220,931 Options and 9,865,698 RSUs outstanding. Coelacanth’s share based incentive plans limit the total number of Common Shares underlying the aggregate outstanding Options and RSUs to no more than 10% of the issued and outstanding Common Shares of 535,316,833. As of the date of this press release, the total number of Common Shares underlying the outstanding Options and RSUs on an aggregate basis is 40,086,629 or approximately 7.5% of the issued and outstanding Common Shares.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Coelacanth Energy Inc.
2110, 530 – 8th Ave SW
Calgary, Alberta T2P 3S8
Phone: 403-705-4525
www.coelacanth.ca
Mr. Robert J. Zakresky
President and Chief Executive Officer
Mr. Nolan Chicoine
Vice President, Finance and Chief Financial Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION IN TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281716
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Brightstar Resources (BTR:AU) has announced Sandstone Strategic Plan to Deliver Long-Life Production Hub
Download the PDF here.
Asara Resources (AS1:AU) has announced Drilling confirms grade continuity at depth and along strike
Download the PDF here.
President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons.
‘While we regret President Trump has sued us, we believe the suit has no merit,’ a JPMorgan Chase spokesperson said. ‘We respect the President’s right to sue us and our right to defend ourselves – that’s what courts are for.’
The suit accuses the bank of libel and breach of implied covenant of good faith and fair dealing. It also says the bank and its chief executive violated Florida trade practices laws.
The suit says Trump held ‘several’ accounts at the firm which were closed.
On Feb. 19, 2021, shortly after the Jan. 6 Capitol Hill riot, the bank notified Trump that the accounts would be closed within two months, the suit also says.
The lawsuit adds to a still-growing list of legal efforts from Trump directed at a wide variety of institutions — from media outlets to tech platforms — many of which have resulted in multimillion-dollar settlements. The president’s company, the Trump Organization, sued Capital One Bank last year over allegations of improper account closures. Capital One said at the time that the allegations have no merit.
Dimon, as head of JPMorgan Chase, the nation’s largest bank, is among the most influential people in the business world and someone who has been courted for years by Republicans and Democrats. In the run-up to the 2024 election, Trump falsely claimed that Dimon had endorsed him.
Dimon has at times been critical of some Trump policies — most notably inflation — while supportive of others, including efforts to streamline the U.S. government.
On Wednesday, Dimon criticized the Trump administration over its immigration policies.
‘I don’t like what I’m seeing,’ Dimon told attendees at the World Economic Forum in Davos, Switzerland. Dimon also said that while he doesn’t agree with everything the administration does, he does agree with some of its economic policies.
On Saturday, Trump threatened the lawsuit in a Truth Social post. Over the weekend, JPMorgan Chase said it appreciated ‘that this administration has moved to address political debanking and we support those efforts.’
Almost exactly one year ago, Trump used an address at the World Economic Forum to take a shot at JPMorgan and its competitor, Bank of America.
‘I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business,’ Trump said.
“You and Jamie and everybody, I hope you’re going to open your banks to conservatives because what you’re doing is wrong,” Trump said.
Bank of America said that it serves over 70 million consumers and does not close accounts for political reasons. JPMorgan says that it also serves tens of millions of accounts and likewise does not close accounts on political grounds.
In an expletive-laden interview with CNBC last year, Trump vented his frustrations at big banks that close accounts for legal and regulatory reasons.
‘I had JPMorgan Chase — I had hundreds of millions of dollars in cash,’ Trump told the cable network on Aug. 5. ‘I was loaded up with cash, and they told me, ‘I’m sorry, sir, we can’t have you.”
Trump says he was informed he had 20 days to move his assets out of the bank. ‘I said, ‘You got to be kidding. I’ve been with you for 35, 40 years,” the president recounted.
Trump said, ‘then what happens is I call a Bank of America.’
‘And they have zero interest,’ he said. CEO Brian Moynihan ‘was kissing my a– when I was president, and when I called him after I was president to deposit a billion dollars plus and a lot of other things … and he said, ‘we can’t do it.”
The JPMorgan Chase spokesperson said Thursday that the bank ‘does not not close accounts for political or religious reasons. We do close accounts because they create legal or regulatory risk for the company.’
Trump was indicted multiple times after his first term in office. In 2024, he was indicted on charges that he conspired to defraud the United States, conspiracy to to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding and conspiracy against rights.
In recent years, banks have faced intense pressure from conservatives leveling ‘debanking’ claims against them. However, banks and their lobbying groups have long maintained that they do not close accounts for political or religious reasons, but they close accounts based primarily on legal or regulatory grounds.
Trump’s administration has sought to ease those regulations in order to make it harder for a bank to close a customer’s account. In August, Trump signed an executive order which sought to end ‘politicized or unlawful debanking activities.’
In September, the Office of the Comptroller of the Currency, one of the top banking regulators, began a review of banking rules to ‘depoliticize the banking system.’
On Monday (January 19), Statistics Canada released the consumer price index (CPI) figures for December. The data showed an uptick in inflation to 2.4 percent year-over-year, up from 2.2 percent in November.
Much of the increase was driven by a 5 percent increase in grocery prices and an 8.5 percent increase in food purchased from restaurants. StatsCan noted that the rise coincides with the GST/HST holiday that began on December 14, 2024, which primarily affected those two categories. The holiday ended on February 15, 2025.
Balancing out the increase were declines in prices at the pump, with gas prices falling 13.8 percent year-over-year, following a 7.8 percent decrease in November.
The reporting agency also released its annual CPI review on Monday. In that release, StatsCan indicated that on an annual average basis, CPI rose 2.1 percent in 2025, after recording a 2.4 percent increase in 2024. The year’s growth rate also marked the smallest increase since 2020. However, over the past 5 years, consumer prices have increased by 19.9 percent.
In 2025, energy prices declined 5.7 percent after a modest 0.6 percent decrease in 2024 due to the removal of the carbon tax. On the other hand, grocery prices rose by 3.5 percent in 2025, after a 2.2 percent increase in 2024.
Statistics Canada released its November monthly mineral production survey on Tuesday (January 20). StatsCan noted that data from September and October were revised for this release, with October’s figures for gold, silver, and copper production receiving downward revisions.
As for November’s numbers, gold production decreased to 18,086 kilograms compared to 18,342 kilograms in October. Meanwhile, copper production rose to 39.7 million kilograms from 39.3 million kilograms, and silver production fell to 23,198 kilograms from 27,169 kilograms.
Gold shipments rose to 17,625 kilograms from 15,145 kilograms, and silver shipments grew to 27,799 kilograms from 26,207 kilograms. Copper shipments increased to 45.87 million kilograms from 26.45 million kilograms.
This week also marked the latest meeting of the World Economic Forum in Davos, Switzerland. In a speech at the forum, Canadian Prime Minister Mark Carney made waves when he spoke of a rupture in the world order and the importance for middle powers to diversify their relationships amid the uncertainty that has arisen among the world’s superpowers.
The speech was broadly hailed by world leaders, including Mexico’s President Claudia Sheinbaum, Finnish President Alexander Stubb and California Governor Gavin Newsom, who said, ‘I respect what Carney did because he had courage of convictions, he stood up, and I think we need to stand up in America and call this out with clarity.’
However, some US leaders were less complimentary, with US Commerce Secretary Howard Lutnik calling the speech “political noise.” It may also be among the reasons that US President Donald Trump rescinded his invitation for Carney to join his newly minted “Board of Peace” on Thursday (January 22).
For more on what’s moving markets this week, check out our top market news round-up.
Canadian equity markets were mixed this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.34 percent over the week to close Friday at 33,144.98, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, rising 5.53 percent to 1,154.15. The CSE Composite Index (CSE:CSECOMP) went the other way, losing 0.39 percent to close at 187.36.
The gold price continued to trade at all-time highs this week, reaching US$4,989.94 on Friday afternoon. Overall, it gained 7.96 percent on the week to trade at US$4,984.92 by Friday at 4:00 p.m. EST.
The silver price performed even better, officially hitting triple digit silver when it broke above US$100 per ounce on Friday at new highs. It posted a weekly gain of 11.19 percent, closing Friday at US$102.72. Silver has gained nearly 42 percent since the start of 2026 and 233 percent from this same time last year.
In base metals, the Comex copper price rose 1 percent this week to US$5.98.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 3.61 percent to end Friday at 584.13.
How did mining stocks perform against this backdrop?
Take a look at this week’s five best-performing Canadian mining stocks below.
Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
Weekly gain: 134.29 percent
Market cap: C$23.56 million
Share price: C$0.41
Euro Manganese is a manganese development company working to advance its Chvaletice waste recycling project. The operation is focused on extracting manganese from tailings that are part of a decommissioned mine site near Prague, Czechia. As part of the project’s scope, the company says it will carry out remediation and reclamation work to bring the site into compliance with environmental regulations.
A 2022 feasibility study for the Chvaletice project indicates that it will produce 48,000 metric tons of manganese per year and is expected to have a project life of 25 years. In the study, the company reports a post-tax net present value of US$1.3 billion with an internal rate of return of 22 percent and a payback period of 4 years.
Shares in Euro Manganese were up this week, but the company has not released news since January 13, when it announced that John Webster tendered his resignation from the company’s board of directors.
Euro noted on Friday that it was unaware of any material change in its operations that could have caused the price rise.
Weekly gain: 106.35 percent
Market cap: C$38.24 million
Share price: C$0.65
Kingfisher Metals is an exploration company focused on its HWY 37 project located in British Columbia, Canada.
The property, located in BC’s Golden Triangle, covers 933 square kilometers and hosts several porphyry and epithermal copper and gold deposits, including Hank and Williams, which were identified during historical exploration of the site.
On January 13, the company announced additional results from its 2025 exploration and drill program at HWY 37, releasing assays for three drill holes at the Williams deposit, two of which some of Williams’ longest copper intercepts yet. Kingfisher highlighted one hole, with grades of 0.47 percent copper equivalent over 889.35 meters, starting 3.65 meters from surface, which also included an interval of 1.16 percent copper equivalent over 40 meters.
Then on Thursday (January 22), Kingfisher reported that it had received the final results from the program, this time in the form of a deep drill hole at the Hank epithermal gold-silver system. While the hole intersected Hank’s typical mineralisation in the upper half of the hole, starting at 534 meters it encountered a 425 meter interval grading 0.4 percent copper equivalent.
The company said this represented a blind discovery, with no previous porphyry copper and gold mineralization being reported at Hank.
“The final hole of the 2025 program validates our long-standing belief that the shallow Hank Au-Ag epithermal mineralization is driven by a large porphyry Cu-Au system,” said Kingfisher CEO Dustin Perry.
Weekly gain: 94.68 percent
Market cap: C$15.04 million
Share price: C$1.83
Core Critical Metals is an exploration company working on its Timmins nickel project in Ontario, Canada. The company was previously known as Xander Resources but announced in August that it was changing its name to Core Critical Metals.
The project holds a strategic position, with two properties totaling 393 claims located west along trend from Canada Nickel Company’s (TSXV:CNC,OTCQX:CNIKF) Crawford property and adjacent to Canada Nickel’s Reid discovery.
On Monday, Core Critical Minerals issued a release congratulating Canada Nickel on the success of Crawford’s development. It also noted Crawford’s inclusion for the second tranche of projects from the Government of Canada’s Major Project Office in November 2025, and the more recent designation under Ontario’s One Project, One Process framework on January 13.
Additionally, the company announced on January 15 that it had issued 1.24 million common shares to settle a C$400,000 exploration debt with the vendor of a property option agreement for the CNC West property. It followed this news the next day when it announced a two-for-one stock split on January 16.
Weekly gain: 94.44 percent
Market cap: C$10.3 million
Share price: C$0.35
GoldHaven Resource is an exploration and development company advancing projects in British Columbia and Brazil.
Its most recent focus has been on its Magno project in BC’s Cassiar mining district. The property consists of 53 mineral claims covering 36,814.16 hectares and borders mineral claims held by Cassiar Gold (TSXV:GLDC,OTCQX:CGLCF) and Coeur Mining (NYSE:CDE).
The site hosts silver, lead and gold mineralization at Magno North, with additional quantities of tin, indium and gallium. Porphyry targets at Magno West have shown mineralization with copper and molybdenum.
Since the start of the year, the company has released a trio of updates from Magno.
The first came on January 6, when it announced that preliminary assays from surface exploration confirmed the presence of silver, lead, zinc, tungsten and critical minerals across multiple zones at the property. The release highlighted grades of up to 2,370 grams per metric ton silver, 19.25 percent zinc, 6,550 parts per million (ppm) tungsten and 334 ppm indium.
The second release came on January 14, providing additional information on its tungsten results, noting that exploration confirmed anomalous tungsten mineralization at the historical Kuhn and Dead Goat showings, and found a new tungsten zone at Vines Lake.
The most recent release came on Thursday when GoldHaven reported that indium grades at the site show it is a ‘meaningful critical mineral component of the Magno system.’ These elevated grades were found to be restricted to the Magno and D Zones, as well as the Kuhn and Dead Goat showings.
Weekly gain: 91.21 percent
Market cap: C$38.24 million
Share price: C$1.74
Ascot Resources is a Canadian gold exploration and development company focused on the negotiating the restart of mining operations at its Premier gold project, and on its Red Mountain gold project.
The site is located within the Golden Triangle area of Northern British Columbia, and hosts the Premier, Silver Coin and Big Missouri deposits, as well as one of only three mills in the region.
Production at the mine began in April 2024, but operations were placed on care and maintenance in September 2024. At the time, the company said it had fallen behind schedule in developing the mine and did not have enough material to feed the mill.
In an update from April 2025, the company said it was anticipating the mine would restart in early August at an initial rate of 1,250 metric tons per day. However, on June 25, Ascot announced that the mine would not restart as negotiations with mining contractor Procon Mining regarding the cost of mining services had stalled.
On October 23, the company announced that the mine would remain on care and maintenance and that it had engaged Fiore Management to assist with restructuring, refinancing and enhancing the leadership team at Ascot.
Since that time, the company has launched a fundraising effort, with the most recent news on December 31, when it announced it had closed the first tranche of a private placement raising C$809.1 million.
In that release, President and CEO Robert McLeod stated that further detailed updates on Ascot’s plans, as well a proposed rebrand, would be coming in the weeks ahead. ‘We believe the rapid development of the high-grade, underground bulk-mineable Red Mountain Project is the key to the successful commissioning and operation of a centralized mill to process material from the multiple deposits in the Golden Triangle.”
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.
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.
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.
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.
Wording in 3rd paragraph ‘Engagement of Michael Pound’ has been corrected to reflect that Mr. Pound is no longer at arm’s length of the company.
Domestic Metals Corp. (the ‘Company‘ or ‘Domestic‘) – (TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) announces that it has engaged the services of ICP Securities Inc. (‘ICP‘) to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date of January 23, 2026 and is for four (4) months (the ‘Initial Term’) and shall be automatically renewed for subsequent one (1) month terms (each month called an ‘Additional Term’) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.
ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.
Engagement of Michael Pound
Pursuant to the Company’s news release dated December 11, 2025, the Company provides additional clarification pursuant to Michael Pound’s engagement. The Company added Michael Pound to its Investor Relations team. Michael has over 30 years of Market experience and also holds a wealth of knowledge including an extensive network within the small cap community. Mr. Pound will be focused on investor outreach to that community and provide shareholder and corporate communication services and other investor relations related services. Mr. Pound will be paid a monthly cash fee of C$7,500 per month plus applicable taxes. The agreement was entered into on February 17, 2025 and is for twelve (12) month term which will automatically renew for an additional one-year term, and shall thereafter renew for further one-year terms unless terminated pursuant to the terms of the agreement. On February 17, 2025, Mr. Pound was granted 500,000 options at an exercise price of $0.10 for a period of five years and includes vesting provisions whereby one-quarter of the options vest every four months. Mr. Pound is no longer at arm’s length to the Company as he holds stock options and is a less than 5% shareholder of the Company.
Opportunity to Meet with Domestic’s Management
We appreciate meeting with our supporters and shareholders in person to provide a detailed update and as such are looking forward to seeing you at our booth #1101 at the VRIC in Vancouver on January 25-26, 2026 and booth #3139 at the Investors Exchange at the PDAC, March 1-4, 2026, in Toronto.
About ICP Securities Inc.
ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About Domestic Metals Corp.
Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.
The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.
The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.
Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.
On behalf of Domestic Metals Corp.
Gord Neal, CEO and Director
(604) 657 7813
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For more information on Domestic Metals, please contact:
Gord Neal, Phone: 604 657-7813 or Michael Pound, Phone: 604 363-2885
Please visit the Company website at www.domesticmetals.com or contact us at info@domesticmetals.com.
For all investor relations inquiries, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670
Neither TSX Venture Exchange nor its Regulation Services 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 Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed ‘forward-looking statements’. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements may include, without limitation, statements relating to the Company’s continued stock exchange listings and the planned exploration activities on properties. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
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