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Top 5 Canadian Mining Stocks This Week: Vangaurd Mining Gains 141 Percent

Investing 10 Mins Read

Statistics Canada released November’s gross domestic product (GDP) data on Friday (January 30). The numbers show that the economy remained flat overall with the prior month, following a 0.3 percent decline in October.

The goods-producing industries fell by 0.3 percent in November, weighed down by a 1.3 percent contraction in manufacturing and a 2.1 percent decline in wholesale trade amid ongoing trade tensions between Canada and the United States.

Declines were offset by increases to the retail trade sector, which grew 1.3 percent alongside a 0.9 percent increase to the transportation and warehousing sector.

The release also included advanced data for December that shows real GDP increased by 0.1 percent. Although the data for the month are preliminary, they point to a 0.1 percent contraction in the fourth quarter and a 1.3 percent annual gain in 2025.

This week also marked the first rate-setting meetings of 2026 by the Bank of Canada and the US Federal Reserve.

Both central banks decided to keep their rates unchanged. On Wednesday (January 28), the BoC reported it would maintain its benchmark rate at 2.25 percent. In its announcement, the bank said the outlook remains little changed from its October projection but noted it is vulnerable to evolving US trade policy and geopolitical risks.

South of the border, the Fed held its Federal Fund Rate at 3.25 percent to 3.75 percent. In its announcement, the Fed shared similar sentiments, suggesting that uncertainty remained elevated.

Against that backdrop, gold and silver experienced significant volatility this week, with prices for both metals dropping on Thursday (January 29). Gold fell from above US$5,500 toward the US$5,100 mark during the first hour of trading on US markets, while silver fell from the US$120 mark to around US$108.

Both metals rebounded on the day, posting slight losses from their opening levels, but on Friday prices collapsed further, with gold trading below US$4,800 and silver approaching US$80 in morning trading.

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

Markets and commodities react

Canadian equity markets were in retreat to end the week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 3.4 percent over the week to close Friday at 31,923.52, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fared worse, shedding 8.15 percent to 1,051.08. The CSE Composite Index (CSE:CSECOMP) dropped 9.54 percent to 169.92.

The gold price saw significant declines from mid-week highs, losing 9.76 percent during Friday’s trading day. However, it fell just 1.76 percent from the week’s start to close at US$4,840.76 per ounce on Friday at 4:00 p.m. EST.

The silver price fared even worse, plummeting 28.17 percent on Friday, and closing the week 13.62 percent lower overall at US$83.43 on Friday.

In base metals, the Comex copper price recorded a 1.32 percent drop this week to US$5.98.

On the other hand, the S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 4.24 percent to end Friday at 598.20.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

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

Stocks data for this article was retrieved at 2:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Vanguard Mining (CSE:UUU)

Weekly gain: 141.18 percent
Market cap: C$29.82 million
Share price: C$0.41

Vanguard Mining is an exploration company working to advance a portfolio of uranium, copper and nickel assets in Canada and Paraguay. Its flagship project is the Yuty Prometeo uranium project in Paraguay.

Among its properties is the Redonda copper and molybdenum project near Campbell River, British Columbia. The site consists of nine mineral claims covering 2,746 hectares and hosts porphyry-style mineralization.

On Tuesday (January 27), Vanguard announced plans for its phase 2 drill program at Redonda, comprising up to 7 holes totaling 2,800 meters, targeting areas in the southeast portion of the property between historic drill holes.

The company also said it would conduct detailed mapping and prospecting in the northern and western portions of Redonda to identify additional priority drill targets and would use phase 1 results to refine targeting.

The program is being advanced quickly to build on drilling results that “confirmed a significantly expanded copper-molybdenum mineralized system at Redonda,” the company said.

2. San Lorenzo Gold (TSXV:SLG)

Weekly gain: 85.6 percent
Market cap: C$185.63 million
Share price: C$2.32

San Lorenzo Gold is an exploration company working to advance its Salvadora project in the Chañaral province of Chile.

The property consists of 25 exploration and nine exploitation concessions covering an area of 8,796 hectares. It hosts a large copper and gold porphyry system with several significant targets. According to the project page, the site geology resembles that of the nearby Codelco-owned Salvador copper mine, which has operated since the early 1950s and is expected to continue until the mid-2060s following an expansion.

On January 26, San Lorenzo provided assay results from the first hole of a drilling program at the Cerro Blanco target at Salvadora. The hole was drilled to a depth of 472 meters, of which it encountered 222.4 meters of mineralization across five sections. The widest interval graded 1.09 grams per metric ton (g/t) gold over 132.2 meters from a depth of 201.5 meters.

The company said it believes the mineralization represents the upper level of a porphyry system and that it suggests a continuation of the system encountered during drilling at the site in 2025.

3. Ameriwest Critical Metals (CSE:AWCM)

Weekly gain: 75.76 percent
Market cap: C$14.69 million
Share price: C$0.58

Ameriwest Critical Minerals is an exploration company with a portfolio of assets in British Columbia, Canada, as well as the US states of Nevada, Oregon and Arizona.

The company announced in August that it was changing its name from Ameriwest Lithium to better reflect a portfolio diversifying into copper and rare earth minerals.

In October 2025, Ameriwest entered into a definitive agreement for the option and potential purchase of the Xeno RAR rare earth mineral claims in British Columbia. Under the terms of the deal, Ameriwest will pay C$55,000 in cash considerations, C$125,000 in exploration expenses over 18 months, a 2 percent net smelter return royalty and 2 million shares.

Then, in November, the company completed the acquisition of 34 unpatented mineral claims in Oregon that form the Bornite copper project in exchange for US$100,000 and a 2 percent net smelter return royalty.

Previous exploration of the Bornite property by Plexus in the 1990s identified a historic resource of 138.5 million pounds of copper, 54,000 ounces of gold and 1.7 million ounces of silver from 3.2 million metric tons of ore. Ameriwest’s current CEO was part of the Plexus team who explored Bornite.

In addition to its recently acquired properties, Ameriwest also owns the Thompson Valley lithium project in Arizona and the Railroad Valley lithium project in Nevada.

The most recent news from the company came on January 20, when it upsized a non-brokered private placement from C$2 million to C$3 million. The company said proceeds would be used to accelerate exploration efforts at its Bornite project.

In the release, Ameriwest says its long-term goal at the project, if results, financing and permitting are successful, is “evaluating the development of an approximately 1,000-tonne-per-day underground copper mining operation.”

4. Tectonic Metals (TSXV:TECT)

Weekly gain: 61.78 percent
Market cap: C$217.87 million
Share price: C$2.54

Tectonic Metals is a gold exploration company working to advance the Flat project in Alaska, US.

The project covers 98,840 acres in Western Alaska and hosts a reduced intrusion-related gold system and six district-scale targets. According to Tectonic, the mineralization is analogous to Kinross Gold’s (TSX:K,NYSE:KGC) Fort Knox mine in Eastern Alaska.

Among the targets is the Chicken Mountain intrusion, where exploration has identified 3 kilometers of mineral strike that remains open in all directions. Each of the 87 holes drilled at Chicken Mountain have intercepted gold.

The most recent update from the Flat project came on Thursday, when Tectonic announced results from 20 drill holes across four target areas.

Most significantly, its first drilling at the Black Creek intrusion, located 6 kilometers north of Chicken Mountain, discovered a new gold zone. The discovery hole, which started from surface, returned grades of 4.5 g/t gold over 48.77 meters. This included a core interval of 7.79 g/t over 24.38 meters, inside of which was a 6.1 meter interval grading 15.19 g/t.

The company said drilling has now confirmed gold mineralization across five intrusion targets: Chicken Mountain, Alpha Bowl, Golden Apex, Black Creek and Jam. It also said that results from 14 other holes are still pending.

5. Golden Lake Exploration (CSE:GLM)

Weekly gain: 60 percent
Market cap: C$12.48 million
Share price: C$0.12

Golden Lake Exploration is a gold exploration company that owns the Jewel Ridge gold project in Nevada, United States.

The project sits along the prolific Battle Mountain–Eureka Gold trend, which has produced more than 40 million ounces to date and hosts operations from McEwen Mining (TSX:MUX,NYSE:MUX) and North Peak Resources.

More than 700 meters of strike have been identified on the property across three primary targets: Eureka Tunnel, Jewel Ridge and Hamburg.

On Wednesday, Golden Lake announced that it had entered into a definitive agreement to be wholly acquired by McEwen Mining and become its subsidiary. Among the highlights of the deal is the ability for Jewel Ridge to be integrated into McEwen’s neighboring Gold Bar mine complex, providing access to infrastructure and funding.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

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

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

As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.

As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.

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

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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Investing

Editor’s Picks: Gold and Silver Prices Hit New Highs, Then Drop — What’s Next?

Investing 3 Mins Read

Gold and silver are wrapping up a record-setting week once again.

Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to smash through US$5,500.

Silver was no slouch either. After hitting triple digits at the end of last week it moved even higher this week, spending time above US$121 per ounce.

Unfortunately, it didn’t take long for those questions to be answered.

Gold and silver prices dropped precipitously as the week drew to a close, with the yellow metal finishing Friday (January 30) just below US$4,900 and silver sitting at about the US$85 level.

What’s going on, and more importantly, what should investors do?

Let’s tackle what’s going on first. The broad consensus from the experts I spoke to at VRIC was that gold and silver prices continue to be driven by elements that have been in play for years, such as strong central bank gold buying and silver’s persistent deficit. But both metals have new factors contributing to their gains.

Adrian Day of Adrian Day Asset Management highlighted two points that have changed for gold, with the first being increasing global chaos. Here’s how he explained it:

Day also mentioned gold purchases from stablecoin issuer Tether as a new factor for gold:

On the silver side, the dynamics are undeniably complex, but Willem Middelkoop of the Commodity Discovery Fund summed it up like this:

So how should investors approach this environment? Personalization was a major theme among the people I spoke to at VRIC, with many emphasizing the importance of understanding why you own the assets in your portfolio and what circumstances would lead you to sell.

Here’s Lobo Tiggre of IndependentSpeculator.com on how that could look right now:

With that said, two key themes emerged when it comes to what experts are doing now.

The first is silver stocks. Multiple market watchers, including Rick Rule of Rule Investment Media, believe silver stocks are set to move higher now that the metal itself has broken out.

Rule said he sold 80 percent of his physical silver and used around half of the money to buy silver companies. This is why he did it:

The second place people are rotating to is oil and gas stocks. You may remember that I touched on this in last week’s video, and the theme strengthened at VRIC — Rick himself took 25 percent of the money he made selling physical silver and put it in oil and gas stocks.

While opinions differ on whether now is the exact right time to buy, I heard multiple times that senior dividend-paying oil and gas companies are a play to consider for those who have taken profits in the gold and silver sector and are looking for the next ‘buy low’ opportunity.

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

This post appeared first on investingnews.com

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Homeland Nickel: Building a US-focused Nickel Portfolio

Investing 2 Mins Read

Homeland Nickel (TSXV:SHL,OTC: SRCGF) is a Canada-based mineral exploration company targeting critical metals, with a strategic focus on nickel laterite projects in southern Oregon, USA. Recognized as a critical mineral by the US government, nickel underpins Homeland Nickel’s strategy as the company advances assets in what it views as the only US region with the scale and geology capable of supporting a significant domestic nickel supply.

The company has built a portfolio of nine nickel laterite projects originally identified during exploration programs carried out between the 1950s and 1970s. The deposits occur as near-surface laterite lenses formed through the weathering of ultramafic rocks, allowing for efficient surface sampling and auger drilling to quickly delineate mineral resources. This geological setting enables Homeland Nickel to advance multiple projects in parallel while maintaining a cost-effective exploration approach.

Location map of the Cleopatra Nickel property

Alongside project consolidation and exploration, Homeland Nickel also holds a portfolio of mining equities in publicly listed companies. Management considers this portfolio a strategic asset that enhances financial flexibility and offers potential non-dilutive funding opportunities, supporting a disciplined capital allocation strategy as the company progresses its nickel assets through resource definition and technical evaluation.

Company Highlights

  • Controls nine nickel laterite projects in Southern Oregon — Cleopatra, Red Flat, Eight Dollar Mountain, Woodcock Mountain, Josephine Creek, Iron Mountain, Peavine Mountain, Rough & Ready and Free & Easy — representing the most comprehensive consolidation of historically identified US nickel laterite occurrences
  • Historic resources at Cleopatra (39.5 Mt @ 0.93 percent nickel) and Red Flat (18.8 Mt @ 0.84 percent nickel) provide an advanced starting point with significant expansion potential
  • At-surface nickel laterite mineralization supports rapid, low-cost exploration and resource definition compared to underground nickel sulfide projects
  • Strategic partnerships with Patriot Nickel (property option) and Brazilian Nickel (ore processing) support advancement toward development while limiting shareholder dilution
  • Maintains a portfolio of publicly traded mining equities, providing financial flexibility and optionality to support exploration and development programs

This Homeland Nickel profile is part of a paid investor education campaign.*

Click here to connect with Homeland Nickel (TSXV:SHL) to receive an Investor Presentation

This post appeared first on investingnews.com

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Syntholene Energy Announces Co-Listing in the United States on OTCQB Market Under Symbol SYNTF

Investing 5 Mins Read

Co-Listing Expands U.S. Investor Access and Visibility in World’s Largest Aviation and Capital Markets

Syntholene Energy CORP (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces that its common shares have been approved for quotation and have commenced trading on the OTCQB Venture Market in the United States under the trading symbol SYNTF. The OTCQB co-listing is intended to broaden the Company’s U.S. investor audience and increase visibility within the world’s largest aviation fuel, capital markets, and energy infrastructure ecosystem.

The OTCQB Venture Market, operated by OTC Markets Group Inc., is a recognized public market in the United States designed for early-stage and developing companies that meet verified reporting and compliance standards. The Company’s primary listing remains on the TSX Venture Exchange under the symbol ESAF.

‘Establishing a U.S. trading presence on the OTCQB is a strategically important step for Syntholene,’ stated Syntholene CEO Dan Sutton. ‘The United States represents the largest aviation market globally and a core center of capital formation for energy and infrastructure investment. Providing U.S. investors with direct access to our shares aligns our capital markets strategy with the jurisdictions driving both demand growth and project financing for synthetic fuels. We view this co-listing as a natural extension of our TSX Venture Exchange and Frankfurt listings, as well as an important foundation for long-term engagement with U.S. institutional, strategic, and retail investors.’

Syntholene believes the OTCQB quotation enhances the Company’s visibility and accessibility in the United States at a time when policy support for sustainable aviation fuel and synthetic fuels is accelerating. U.S. federal and state initiatives, including tax credits, grant programs, and offtake support mechanisms under the Inflation Reduction Act and related Department of Energy and Department of Transportation programs, are driving increased investment into next-generation fuel production infrastructure.

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com 
www.syntholene.com
+1 608-305-4835

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com

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

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the development and intended benefits of the Company’s technology, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282096

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Business

Amazon slashes another 16,000 jobs

Business 2 Mins Read

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm.

‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people experience and technology, said in a memo to employees.

‘That starts with offering most US-based employees 90 days to look for a new role internally,’ she said. Amazon will ‘continue hiring and investing in strategic areas and functions that are critical to our future.’

Galetti said the cuts would ‘strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy.’

In October, Amazon cut 14,000 jobs primarily at the corporate level. At the time, Galetti cited artificial intelligence as being the “most transformative technology we’ve seen since the internet.”

Amazon has 1.55 million employees worldwide, the company said in a filing last year.

It said Tuesday that it would close some of its Amazon Go and Amazon Fresh physical stores, planning to convert some into Whole Foods Market stores.

While AI was not explicitly cited in Wednesday’s note to Amazon workers, the cuts come as workers nationwide brace for the impact of artificial intelligence in a sluggish labor market.

Companies have started citing ‘efficiency’ as they pursue the implementation of AI.

On Monday, Goldman Sachs CEO David Solomon said that his firm’s headcount would be ‘more constrained in 2026’ as the company sees ‘opportunities for efficiency and we try to deploy those.’

On Tuesday, Pinterest said it would cut 15% of its workforce as it pivoted ‘resources to AI-focused roles and teams that drive AI adoption and execution.’

Last year, Microsoft said it was eliminating 9,000 jobs to improve efficiency. Target also cut 1,800 corporate jobs to reduce ‘complexity.’ Instagram and Facebook owner Meta Platforms also reduced its workforce by around 600 jobs as it shifted toward artificial intelligence.

At the same time, hiring nationwide is slowing and inflation remains elevated.

After three months of contraction last year, the U.S. economy added only 56,000 jobs in November and just 50,000 in December. Meanwhile, inflation remains at 2.7%, well above the Federal Reserve’s target of 2%.

This post appeared first on NBC NEWS

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Investing

Mayfair Gold Corp.

Investing 5 Mins Read

Investor Insight

Mayfair Gold is progressing its 100 percent-owned Fenn-Gib gold project toward production, with a development plan anchored by a robust 2026 pre-feasibility study (PFS). The company’s strategy emphasizes a smaller scale mine designed to accelerate permitting through Ontario’s One Project One Process platform and exploit near surface high-margin ounces in a capital efficient manner. The PFS only corresponds to 24 percent of the indicated gold resource leaving meaningful optionality for long term growth coupled with exploration upside across a broader land package.

Overview

Mayfair Gold (TSXV:MFG,NYSE American:MINE) is a development-stage company with the primary objective of advancing the Fenn-Gib gold project — a large, bulk-tonnage open-pit deposit located in one of Canada’s most prolific gold districts. The company’s technical team is executing on provincial permitting, Indigenous consultation, engineering and ongoing exploration to expand mineralization beyond the current pit constraints.

Mayfair Gold’s flagship Fenn-Gib gold project is located within the established Timmins Gold District in Ontario, which has produced more than 100 million ounces of gold historically.

The PFS, prepared in accordance with NI 43-101 standards and filed in January 2026, outlines a base-case economic model with an after-tax NPV (5 percent) of C$652 million and an IRR of 24 percent, using conservative gold prices, and demonstrates rapid payback potential. Under a spot price scenario, project economics improve markedly, underscoring the asset’s leverage to higher gold prices. With over $200 million in annual free cash flow once in operation the company will have a robust source of capital to fund growth initiatives.

Company Highlights

  • Robust Pre-feasibility Study: The 2026 PFS highlights compelling returns on a modest initial throughput design while leveraging a large resource base.
  • High-grade Early Focus: The staged plan targets higher-grade, near-surface material to optimize permitting timelines, construction risk, financing, and ultimately accelerate value capture.
  • Strategic Location: Fenn-Gib sits on the highly prospective Timmins Gold District, Ontario — a tier-one mining jurisdiction with established infrastructure and a long history of mining-related activity and supportive communities.
  • Strong Financial Backing: The company has a committed shareholder base, including Muddy Waters, Heeney Capital, Oaktree and Vestcor. With a tight share structure and strong Insider ownership of 35% there is clear alignment for long-term shareholder value creation.
  • Exploration Optionality: Mineralization at Fenn-Gib remains open at depth and along strike, with multiple underexplored targets identified across the property. This includes a Southern Block that has not been explored but sits directly on the prolific Porcupine-Destor fault.
  • Long-term optionality: With a truncated timeline to production the company will be in an advantageous spot for growth initiatives that can be funded with free cash flow.
  • CEO Nick Campbell, heads a technically strong and capital-markets-savvy team with a demonstrated ability to unlock value from high-quality gold assets (previously at Artemis Gold and Silvercrest Metals) and position projects for long-term growth.
  • COO Drew Anwyll is an experienced mine builder; he successfully permitted the Marathon PGM project in Ontario and was a senior executive during the construction, commissioning and start-up of Detour Lake, Canada’s largest gold mine.

Key Project

Fenn-Gib Gold Project

Fenn-Gib is Mayfair’s flagship asset, encompassing a significant indicated mineral resource of 181.3 million tonnes grading 0.74 g/t gold for 4.3 million contained ounces, and additional inferred ounces. The project benefits from excellent access via Highway 101 and proximity to regional mining services.

The 2026 PFS centers on a 4,800 tonnes-per-day open-pit operation designed to process approximately 1.04 million ounces of gold, representing 24 percent of the total resource and reflecting a conservative, execution-oriented approach. Highlights from the study include:

  • After-tax NPV of C$1.37 billion and IRR of 38 percent at current spot gold prices.
    2.7-year payback period on initial capital costs under the base case (1.7 year payback at January 2026 prices)

In addition to economic studies and active dialogue with Indigenous stakeholders, the company has executed engineering contracts with industry providers to support mine planning, processing design, environmental baseline work, and tailings/water management — positioning the project for upcoming permitting and potential construction decision milestones.

Exploration Potential

Beyond the defined pit shell, Fenn-Gib hosts multiple zones including the Main Zone, Deformation Zone, and Footwall Zone, with geological continuity extending along strike and at depth. Newly identified targets such as the Southern Block along the Porcupine Destor-Fault present opportunities for future discovery drilling and resource expansion.

Management Team

Nicholas Campbell — Chief Executive Officer

Nicholas Campbell is a mining executive with more than 20 years of experience across capital markets, corporate development, and mine development. Prior to joining Mayfair, he served as vice-president of Capital Markets at Artemis Gold, executive vice-president of business development at SilverCrest Metals, and chief financial officer of Goldsource Mines. Campbell leads Mayfair’s strategic vision and execution as the company transitions Fenn‑Gib into a defined development stage.

Drew Anwyll — Chief Operating Officer

Drew Anwyll is a professional engineer with over 30 years of global mining experience in both project and operations leadership. His background includes senior technical and operating roles at Generation Mining, Detour Gold, Barrick Gold and Placer Dome. Anwyll’s track record includes leadership through permitting, construction, commissioning, and operational phases, anchoring Mayfair’s operational planning and execution.

Zayem Lakhani — Vice-president, Capital Markets

Zayem Lakhani brings more than 17 years of expertise in investment management, equity research, and corporate development. Before joining Mayfair, he served as portfolio manager and head of Canadian equities at HSBC Global Asset Management, where he oversaw the investment process for approximately $4 billion in capital across diverse strategies. Lakhani brings a unique network and an investor’s perspective to help position the company’s story.

Darren Prins — Interim Chief Financial Officer

Darren Prins is a senior financial executive with extensive experience in corporate development, capital markets, mergers and acquisitions, financial reporting, risk management, budgeting, forecasting, and international tax planning. Prins has served as CFO for TSX, TSXV and NYSE‑listed companies across multiple industries, bringing strong financial stewardship to Mayfair’s funding and reporting functions.

This post appeared first on investingnews.com

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Investing

Blackrock Silver Appoints Sean Thompson as Head of Investor Relations

Investing 6 Mins Read

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (the ‘Company’ or ‘Blackrock’) is pleased to announce the appointment of Sean Thompson as Head of Investor Relations for the Company.

Mr. Thompson is a seasoned capital markets professional with over 17 years of experience in the metals and mining sector. He has a proven track record of driving shareholder value through strategic communications and stakeholder relationship management, particularly for high-growth, development-stage companies.

Prior to joining Blackrock, Mr. Thompson held senior Investor Relations roles at several highly successful precious metals developers that were ultimately acquired in significant M&A transactions: Atlantic Gold Corp.: acquired for C$722 million and Kaminak Gold Corp.: acquired for C$520 million.

His excellence in the field has been recognized by the broader investment community. Mr. Thompson was awarded ‘Best IR by a TSX Venture listed Company’ at the IR Magazine Awards Canada 2018 and received a nomination for the same award in 2016.

Most recently, Mr. Thompson served as Vice President, Corporate Development & Investor Relations at Westhaven Gold Corp. During his tenure, he was a key member of the leadership team that successfully transitioned the company from a grassroots discovery through to a positive Preliminary Economic Assessment (PEA).

Andrew Pollard, Blackrock’s President and Chief Executive Officer, commented: ‘With an updated preliminary economic assessment in view, a robust treasury, and permitting initiatives well-underway, Sean is joining the Company at a pivotal time as we seek to broaden our market profile. Sean brings an impressive track-record in broadening investor bases with other highly-followed precious metals developers, and we’re excited to welcome him to the team as we position ourselves as the next American silver developer.’

Mr. Thompson holds an MBA from Dalhousie University, providing him with the analytical depth required to help manage and communicate financial modeling and peer-group valuations across the gold and silver sectors.

In connection with Mr. Thompson’s appointment, the Company has granted him 200,000 stock options of the Company (‘Stock Options‘) pursuant to the Company’s Omnibus Equity Incentive Compensation Plan. Each Stock Option entitles him to purchase one (1) common share of the Company (each, a ‘Common Share‘) at an exercise price per Common Share of $1.53 and will vest as to one-third on each of the first, second and third anniversaries of the date of grant, expiring on January 29, 2031.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the advancement of the Tonopah West project towards development, including permitting and de-risking initiatives at the Tonopah West project; the intention to complete an updated Preliminary Economic Assessment on the Tonopah West project and the timing of completion thereof; the Company’s intentions to broaden its market profile; and the Company’s positioning as an American silver developer.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market, political, economic and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

For further information, please contact:

Andrew Pollard, President & Chief Executive Officer
Blackrock Silver Corp.
Phone: 604 817-6044
Email: andrew@blackrocksilver.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281989

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Sankamap Provides Update on Late Filing of Financial Statements

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Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) the Company and its auditor continue to work diligently toward the completion and filing of the Company’s annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until January 31, 2026. Sankamap confirms that substantially all audit work has been completed, with only one minor confirmation and customary completion procedures remaining. The Company is actively working to provide the outstanding items and is in contact with the relevant party. Subject to completion of these matters, the audit is expected to be finalized shortly.

The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a MCTO under NP 12-203 to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The MCTO does not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

For further information with respect to the MCTO, please refer to the Company’s news releases dated October 21, 2025, November 4, 2025, November 18, 2025, December 3, 2025, December 17, 2025, December 30, 2025, and January 13, 2026, available for viewing on the Company’s SEDAR+ profile at www.sedarplus.ca.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au2; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au3. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au3, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au3, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281882

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Hecla Mining to Sell Casa Berardi Gold Mine to Orezone for Up to US$593 Million

Investing 3 Mins Read

Hecla Mining Company (NYSE:HL) has agreed to sell its Casa Berardi gold operation in Québec to Orezone Gold (TSX:ORE,OTCQX:ORZCF) for total consideration of up to US$593 million.

The deal, announced on Monday (January 26), involves the sale of Hecla Québec, a wholly owned subsidiary of Hecla that holds the Casa Berardi mine and related exploration properties.

Under the terms of the agreement, Hecla expects to receive up to US$593 million through a mix of upfront cash, equity, deferred payments and contingent consideration.

Hecla will receive US$160 million in cash at closing, along with about 65.7 million Orezone common shares, representing about 9.9 percent of Orezone’s pro forma shares outstanding, currently valued at roughly US$112 million.

In addition, Hecla is set to receive US$80 million in deferred cash payments, split into US$30 million payable 18 months after closing and US$50 million payable after 30 months.

The remaining consideration is contingent and could total up to US$241 million.

It includes up to US$211 million in production-based royalty payments tied to future open-pit output, calculated at US$80 per ounce for the first 500,000 ounces of gold and US$180 per ounce thereafter.

Hecla may also receive a US$20 million payment upon the granting of certain permits, as well as up to US$10 million linked to a gold price exceeding US$4,200 per ounce.

The transaction is supported by Franco-Nevada (TSX:FNV,NYSE:FNV), which Orezone said is a sponsor in the acquisition.

“The sale of Hecla Quebec represents an important milestone in Hecla’s transformation as we concentrate capital allocation and operational focus on our world-class silver portfolio,” said Rob Krcmarov, president and CEO of Hecla.

For Orezone, the acquisition marks a major expansion into Canada and adds a producing gold mine to its portfolio. The company said Casa Berardi will complement its Bomboré project in Burkina Faso and will provide diversification in a jurisdiction known for stable mining regulations and established infrastructure.

“This Transaction marks a significant inflection point for Orezone as it adds a proven, cash-flow-generating asset to our portfolio, and provides asset diversification in a Tier 1 Jurisdiction,” said Patrick Downey, president and CEO of Orezone.

Casa Berardi is an underground and open-pit mine located in Québec’s Abitibi region that has been in operation since the late 1980s. It has produced over 3.2 million ounces of gold to date.

As of the end of 2024, its proven and probable reserves stood at 1.3 million ounces, with additional measured, indicated and inferred resources supporting future operations.

Casa Berardi’s gold production guidance for 2026 is between 83,000 and 91,000 ounces.

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

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