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Nasdaq Commodities

HMY Makes Notable Cross Below Critical Moving Average

4 hours 4 minutes ago
In trading on Monday, shares of Harmony Gold Mining Co. Ltd. (Symbol: HMY) crossed below their 200 day moving average of $18.40, changing hands as low as $17.60 per share. Harmony Gold Mining Co. Ltd. shares are currently trading off about 6.3% on the day. The chart below show
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ATI Stock Getting Very Oversold

4 hours 8 minutes ago
In trading on Monday, shares of ATI Inc (Symbol: ATI) entered into oversold territory, changing hands as low as $178.26 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale
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AREC Crosses Critical Technical Indicator

4 hours 8 minutes ago
In trading on Monday, shares of American Resources Corp (Symbol: AREC) entered into oversold territory, changing hands as low as $1.82 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure mome
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Agnico Eagle Mines (AEM) Shares Cross Below 200 DMA

4 hours 8 minutes ago
In trading on Monday, shares of Agnico Eagle Mines Ltd (Symbol: AEM) crossed below their 200 day moving average of $188.68, changing hands as low as $181.13 per share. Agnico Eagle Mines Ltd shares are currently trading off about 5.2% on the day. The chart below shows the one
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Notable Two Hundred Day Moving Average Cross - CLF

4 hours 8 minutes ago
In trading on Monday, shares of Cleveland-Cliffs Inc (Symbol: CLF) crossed below their 200 day moving average of $11.42, changing hands as low as $11.00 per share. Cleveland-Cliffs Inc shares are currently trading down about 8.9% on the day. The chart below shows the one year
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AUST Crosses Critical Technical Indicator

4 hours 9 minutes ago
In trading on Monday, shares of Austin Gold Corp (Symbol: AUST) entered into oversold territory, changing hands as low as $1.02 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
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Analyst Favorites: Rio Tinto Ranks As a Top Metals Pick

8 hours 25 minutes ago
A study of analyst recommendations at the major brokerages shows that Rio Tinto plc (Symbol: RIO) is the #1 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mini
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Oil Prices Surge Amid US-Iran Stalemate

14 hours 40 minutes ago
(RTTNews) - Oil prices jumped more than 3 percent on Monday in the wake of renewed concerns about energy supply as U.S. President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz and signaled possible new military strikes after midterm elections.
RTTNews

Top 5 Canadian Mining Stocks This Week: Brutus Mining Jumps 89 Percent on CSE Listing

3 days 3 hours ago
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On September 18, the Ontario government announced it would commit to a C$11 million non-binding term sheet toward developing a processing facility at Generation Mining's (TSX:GENM,OTCQB:GENMF) Marathon copper and palladium project located in the province’s northwest.The loan comes from Ontario’s C$500 million Critical Minerals Processing Fund, which was established in December 2025 to provide strategic financial support to drive new critical mineral developments. The Marathon project is fully permitted and is expected to cost C$992 million in total capital. Once completed, Marathon is expected to generate 350 direct mining jobs.On Monday (September 21), Statistics Canada released July’s mineral production survey. The data shows an uptick in copper production, but decreases in gold and silver. Shipments were down across the board for all three metals. Recoverable copper production rose 2.3 percent to 44.39 million kilograms, while gold production slipped 12.82 percent to 17,231 kilograms. Meanwhile, silver output shrank 7.64 percent to 25,402 kilograms.In terms of quantities shipped, copper fell 9.5 percent to 45.17 million kilograms, and gold fell a substantial 36.24 percent to 14,566 kilograms, after posting near-record levels of 22,846 kilograms in June. Silver also fell significantly from near-record highs of 30,500 kilograms the prior month, dropping 22.84 percent to 23,533 kilograms.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 negative this week.The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 0.1 percent over the week to close Friday (September 25) at 35,800.89, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 0.76 percent to 920.47.The CSE Composite Index (CSE:CSECOMP) shed 0.37 percent to 170.62.The gold price lost 1.18 percent to close at US$4,291.10 per ounce on Friday at 4:00 p.m. EDT. The silver price was down1.32 percent at US$64.32 per ounce on Friday.In base metals, the Comex copper price recorded a 2.38 percent increase this week to US$6.78 per pond. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 1.43 percent. 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 3:00 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered. 1. Brutus Mining (CSE:BRU) Weekly gain: 89.47 percentMarket cap: C$14.9 millionShare price: C$0.72Brutus Mining is an exploration company advancing its CW copper project in BC, Canada.The property is located in South-Central BC, about 100 kilometers north of Kamloops. It consists of five contiguous mineral claims covering 2,894.56 hectares and hosts five primary targets with copper and gold mineralization.According to a January 2026 technical report, Brutus holds an option to earn a 100 percent interest in the property by paying the vendor total consideration of C$80,000 cash and 200,000 shares. The project is in its early stages and does not have a mineral resource estimate.Brutus Mining recently went public. The company signed a listing agreement with the Canadian Securities Exchange on September 1, with trading commencing on September 10. On September 17, Brutus announced it had engaged Palliser Exploration to carry out a soil sampling survey at CW. The program, consisting of 1,500 samples spaced evenly across the property, is designed to detect mineralization not found in previous programs.The company followed up on Monday by announcing two concurrent non-brokered private placements for gross proceeds of up to C$3 million. Brutus plans to use the proceeds for exploration at CW, the evaluation of new projects and working capital. Then, on Wednesday (September 23), Brutus said its shares had also begun trading on the Frankfurt Stock Exchange, giving the company exposure to European investors. 2. NiCAN (TSXV:NICN) Weekly gain: 82.35 percentMarket cap: C$26.55 millionShare price: C$0.155NiCan is an exploration company with a pair of projects in Manitoba, Canada. Its primary focus has been on its Pipy nickel property near Thompson, at which the company recently made a gold discovery. The project consists of two areas, Pipy North and Pipy South, covering a total land package of 76.97 square kilometers. Exploration at the site dates back to the 1970s, and a 14 kilometer horizon that remains largely untested has been identified.The most recent project news came on September 14, when NiCAN reported assay results from the first seven holes of a 16 hole, 2,395 meter diamond drill program at Pipy South. The results extended the Horseshoe gold zone at least 400 meters along strike, with one highlighted 75 meter interval grading 0.65 grams per metric ton (g/t) gold, 11.55 g/t silver and 0.56 percent lead, including a 30 meter interval of 0.9 g/t gold, 5.19 g/t silver and 0.21 percent lead, as well as 2 meters grading 8.01 g/t gold, 59.1 g/t silver and 2.17 percent lead. 3. AnorTech (TSXV:ANOR) Weekly gain: 78.57 percent Market cap: C$25.2 million Share price: C$0.125AnorTech is focused on commercializing sustainable materials from its Gronne Bjerg anorthosite project in Greenland. The property is approximately 80 kilometers from the capital of Nuuk and hosts significant deposits of anorthosite, a calcium-rich feldspar containing 50 percent silicon, 31 percent aluminum and 15 percent calcium.The company is advancing product lines such as zero-waste smelter-grade alumina, as well as alumina-based catalysts for carbon dioxide capture, advanced 3D-printable cement and lunar construction materials.AnorTech shares traded up this week after US President Donald Trump announced on Tuesday (September 22) that the US had reached a security agreement that will allow the US greater military access to Greenland. The deal also has terms for critical minerals exploration and development that prioritize the US, NATO countries and the EU. On Wednesday, AnorTech welcomed the agreement, saying, “It strengthens defense cooperation across the regions (and) affirms Greenland’s sovereignty and its right to self-determination.”AnorTech President Jim Cambon also stated, “The agreement brings security and stability to Greenland and reinforces its role as an integral part of a secure supply chain for critical and strategic resources. We expect increased investment in critical mineral projects to follow.” 4. Galway Metals (TSXV:GWM) Weekly gain: 76.19 percentMarket cap: C$119.19 millionShare price: C$1.11Galway Metals is an exploration and development company advancing its Clarence Stream gold-antimony project in New Brunswick. The property, located southwest of Fredericton, consists of 2,919 mineral claims covering about 66,176 hectares, and hosts a strike length of about 55 kilometers, with three separate deposits.A July updated mineral resource estimate shows Clarence Stream hosts an indicated resource of 1.42 million ounces of gold and 19,500 metric tons of antimony from 27.2 million metric tons of ore grading 1.62 g/t gold and 716 parts per million (ppm) antimony. Additionally, the property hosts an inferred resource of 1.29 million ounces of gold, and 3,100 metric tons of antimony from 28.5 million metric tons of ore grading 1.4 g/t gold and 107 ppm antimony.On Tuesday, Galway announced a brokered private placement of up to 19.44 million flow-through units for gross proceeds of up to C$14 million. The proceeds will fund exploration at Clarence Stream. The offering is led by strategic investor Michael Gentile, who has agreed to buy 17.15 million units and is expected to hold about 11 percent of Galway's shares once it closes; if he chooses to exercise all of his warrants, that would rise to 19.9 percent. 5. Guardian Exploration (TSXV:GX) Weekly gain: 56 percentMarket cap: C$23.53 millionShare price: C$0.195Guardian Exploration is advancing its Mount Cameron silver-lead-zinc project in the Yukon. The property is located in the Mayo Mining District and consists of 154 quartz mining claims covering about 3,017 hectares, and hosts two silver-lead-zinc occurrences, Clark and Cameron. No mineral resource has been estimated for the project. The company also owns the Sundog and Esker gold projects in Nunavut's Kivalliq region and the Kaigani gold project in Alaska.In May, Guardian received an exploration permit from the Yukon government for Mount Cameron and began mobilizing crews in early July for its 2026 program, which the company called its largest to date at the property.The most recent news from the company came on July 16, when Guardian announced that it completed an airborne magnetic and radiometric survey covering approximately 669 line kilometers over a 30.3 square kilometer block.“Integration of the magnetic and radiometric geophysical data will significantly enhance our understanding of the Project and help prioritize high-quality drill targets for the next phase of exploration at Mount Cameron,” said President and CEO Graydon Kowal. 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 July 2026, 892 mining companies and 68 oil and gas companies are listed on the TSXV, combining for 64 percent of the 1,501 total companies listed on the exchange.The TSX is home to 182 mining companies and 51 oil and gas companies. The exchange has 2,264 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. As of April 2026, the listing fee alone will most likely cost between C$10,000 to C$70,000, and accounting and auditing fees could rack up between C$25,000 and C$100,000. 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. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Generalist Money Could Be the Next Catalyst for Gold Stocks

3 days 8 hours ago
Gold miners have rarely looked this good on paper. They are posting some of the widest profit margins in the equities market and trading at some of the lowest valuations in decades, yet generalist investors are still sitting it out.The contrast with the broader market is stark. The S&P 500 (INDEXSP:.INX) is trading near historic market tops, while miners generate strong cashflow, carry low debt and pay dividends, yet make up roughly 2 percent of global equity markets.History suggests that gap won't hold forever. Specialists dominate mining stocks in today's cycle, but the sector's biggest rallies have come when generalists, in the form of pension funds and retail investors, piled in alongside them. It happened toward the end of the boom in the late 1970s and early 1980s, and again in the early 2010s. In those cycles, mainstream attention turned to gold and precious metals first, then shifted to an investment surge in equities.Whether that shift is coming, and what it means for investors, was the subject of a presentation by Jeff Clark of Paydirt Prospector at the September Metals Investor Forum in Vancouver. Clark has tracked equities through multiple cycles and was focused on whether it was the right time for generalist investors to get off the sidelines. Why investors should look at mining stocks Clark made the case for generalist interest rooted in a profitability and valuation gap that has developed between mining stocks and the broader market. Comparing margins, free cashflow and dividends, he showed mining companies outpacing S&P averages in each category.He noted that free cashflow per share among miners has grown tenfold since 2020, while earnings yield sits at 12 percent, the highest of any sector. Meanwhile, mining holds the smallest share of global equity markets in 55 years. This suggests the broader market is vulnerable, with 51 percent of S&P companies trading at 10 times sales, compared to the long-term average of just 1.8 times sales, he explained. In terms of market caps, he said the top 50 gold miners combined are smaller than NVIDIA's (NASDAQ:NVDA) US$5 trillion valuation. “That market is extremely vulnerable, and this kind of hints at when and why the general market will come into our sector,” he said. “It shows how small our market is and how vulnerable the general market is.”Clark suggests that, with the mining sector remaining as undervalued as it is, it won’t take much for the market to gain momentum and stock prices to increase.“This is the smallest level, the smallest percentage in 55 years, even pre-1980. So when they start crowding in, there could be a lot of buying, a lot of demand for stock,” he said. youtu.be - YouTubeAhead of his presentation at the Metals Investor Forum, Clark stopped by the Investing News Network's headquarters in Vancouver to discuss his current investment strategy, his upcoming conference and where he sees the market heading. Watch the full interview above. Gold fundamentals are there, but equities have yet to catch up Central bank demand is underpinning today's cycle, and it’s expected to continue. In June, the World Gold Council released its 2026 Central Bank Gold Reserves Survey, which states that central banks have added an annual average of 1,000 metric tons of gold to reserves over the past four years, and that 89 percent are forecasting increases to global central bank reserves over the next year. The People’s Bank of China has been among the top buyers, purchasing gold for 22 consecutive months, including 20 metric tons in August.Central banks have seen a broad shift toward gold as uncertainty has grown around the US dollar and, by extension, US Treasuries, which have been the de facto currency reserves for most of the past 50 years. More central banks have built up gold stockpiles to diversify reserves and reduce exposure to counterparty and sanctions risk.That demand has helped push the gold price substantially higher in recent years. Equities, however, have not kept pace, a gap Clark was keen to highlight. At present, the miners-to-gold ratio sits below where it was in 2016, and only recently returned to where it was during the Covid pandemic in 2020. “As a group, gold stocks relative to the gold price have basically gone nowhere,” he said. A comparison against Nasdaq Composite (INDEXNASDAQ:.IXIC) tells a similar story. The gold price relative to the Nasdaq peaked in 2011, but currently sits near all-time lows. Clark suggests the ratio will need to change by a factor of four to get back on equal footing, and that could come from a decline in the Nasdaq alongside a rise in the gold price.Likewise, the ratio with Dow Jones Industrial Average (INDEXDJX:.DJI) is near lows and far from the peaks in 1980 and during the Great Depression, when they were near parity. While he didn’t say they would reach those same levels again, Clark noted clear potential for gold to move higher and narrow the gap.“We are no higher as a group now than we were during the Covid rebound. We’ve got a long way up to go,” he said. ​What investors should watch Clark’s data largely focused on the majors and how producers with free cashflow and strong margins compare to equities in the major indices.Most junior and exploration-stage companies have little to no free cashflow and rely on equity financing, which carries dilution risk. Generalist investment is likely to target the larger companies that present the best economics. Likewise, proven exchange-traded funds will likely benefit from more retail-focused money entering the sector. Historically, as gold has performed, money has tended to trickle down to developers and explorers later in the cycle as higher commodity prices start to support the economics of restarting stalled projects and majors look to refill their development pipelines. While strong fundamentals support an elevated gold price, a pullback could also undercut Clark’s thesis, as lower gold prices would hurt margins. However, he also noted that significant generalist capital was sitting on the sidelines. “I wanted to know just how much cash is on the sidelines that could come into our sector, so I found that global cash is US$8.5 trillion as of the end of (August),” Clark said. It doesn’t mean all this money will pour into mining equities immediately, but it highlights potential capital sitting on the sidelines, despite strong fundamentals that underpin cashflow from gold producers. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Investing News Network

Grafton Options Chile Gold Projects from Newmont

3 days 10 hours ago
Canadian explorer Grafton Resources (CSE:GFT,OTCQB:GFTFF) secured an exclusive option to acquire the Poseidon and Jabali gold projects in Chile from Newmont (NYSE:NEM,ASX:NEM), consolidating a district-scale exploration package in the Andean mineral belt.Under the September 21 agreement, Grafton gains the right to take 100 percent ownership of both properties through its local subsidiary. The acquisition physically connects the Poseidon project in Chile’s V Region to Grafton’s existing Alicahue asset, forming a contiguous 14,383-hectare concession block.Newmont’s prior exploration at Poseidon established a clear continuity of vein trends and left a pipeline of untested drill targets. A surface program of 2,350 rock chip samples returned grades up to 234 grams per ton of gold and 1,500 grams per ton of silver. Geological mapping and a 2024 structural report also identified a 15-kilometer strike length of potential gold-bearing veins tied to the regional Pocuro Fault Zone. Consolidated data points to widespread epithermal gold-silver-copper mineralization across the unified Alicahue-Poseidon district.The transaction also delivers the Jabali gold project in Chile's XI Region. The property remains completely undrilled, though Newmont previously completed the necessary drill preparation infrastructure.“I am extremely excited to announce a pivotal transaction for Grafton that gives the Company access to an exceptional exploration portfolio," Chairman and CEO Campbell Smyth said in the announcement. "Poseidon and Alicahue together represent an identified by Grafton epithermal vein cluster with gold-silver-copper mineralization potential. Jabali has identified potential high sulfidation mineralization that can be tested quickly. We look forward to moving quickly on work programs on both assets.”For Denver-based Newmont, the divestment continues its ongoing corporate restructuring. In August, the company settled a joint-venture dispute with Barrick Mining (TSX:ABX,NYSE:B), agreeing to a US$1.95 billion truce.Newmont consented to Barrick's planned North American initial public offering in exchange for the cash payment and Barrick's agreement to contribute its Fourmile gold project into the Nevada Gold Mines joint venture.The company meanwhile reported US$2.2 billion in second-quarter free cash flow, US$2.2 billion in adjusted net income, and US$3.8 billion in adjusted EBITDA, alongside 1.29 million attributable ounces of gold produced during the quarter.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Michael Burry Ignores AI Buzz, Bets on Copper

3 days 10 hours ago
"Big Short” investor Michael Burry is avoiding the technology sector’s AI trade, instead deploying capital into other ventures.In a September 22 Substack update, Burry disclosed new positions in Brazilian copper miner Ero Copper (TSX:ERO), building-products firm QXO (NYSE:QXO), Australian furniture retailer Temple & Webster (ASX:TPW), Sprouts Farmers Market (NASDAQ:SFM), and animal health company Zoetis (NYSE:ZTS)."The house party is packed, pushing AI higher today, but I am largely ignoring the 'woo-hoos,'" Burry wrote.Just last month, Burry publicly compared the relentless positivity surrounding AI infrastructure investments to the dot-com era and the mid-2000s housing bubble, warning that the current environment is "orders of magnitude more dangerous to the economy and investors than Enron.""That is how it felt in May of 2007 when the Fed Chair was saying there would be no contagion or a couple years earlier when he said there is no such thing as a housing bubble,” Burry told Business Insider.Rather than shorting the technology directly, Burry’s largest disclosed new conviction is an indirect play on AI infrastructure demand through Ero Copper."All those back at the house are going to be needing a lot of copper," Burry stated, calling his stake in the higher-cost producer a mid-sized position. "Ero common does it for me."While COMEX copper recently settled at US$6.6865 per pound, up 46 percent over the past 12 months, Burry is relying on a looming structural deficit. He noted that major copper discoveries containing at least 500,000 tons have evaporated from double-digit annual totals in the 1990s to zero in 2025. Since new deposits require up to 18 years to reach production, Burry anticipates that surging demand from data centers will trigger extreme price expansion before new supply materializes. Notably, Ero Copper maintained its 2026 production guidance of 67,500 to 77,500 tons.Burry also acquired common shares and 5.5 percent Series B mandatory convertible preferred stock in QXO. The company is executing a roll-up strategy in the highly fragmented building-products distribution market under Brad Jacobs, the founder of United Rentals and XPO.The remainder of Burry's disclosed purchases targeted severely punished equities, accumulating a "fairly large position" in Temple & Webster which plummeted 82 percent over the past year following a 62 percent collapse in fiscal 2026 net income, alongside Sprouts Farmers Market, down 43 percent year-over-year, and animal-drug maker Zoetis (NYSE:ZTS), which has lost half its market value.Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Investing News Network

Gold Edges Higher As Oil Prices And Yields Ease

3 days 14 hours ago
(RTTNews) - Gold prices rose toward $4,300 an ounce on Friday as a sell-off in government debt eased and oil prices retreated from recent highs following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven
RTTNews

Top 5 Australian Mining Stocks This Week: Arrow Minerals Jumps 77 Percent

4 days 3 hours ago
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on copper, lithium, gold and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what drove their share prices. Market and commodities price round-up The S&P/ASX 200 (INDEXASX:XJO) opened at 8,684.5 on Monday (September 21) and closed at 8,702 on Thursday (September 24), ending the period up 0.2 percent.The gold price was down this week, falling 2.14 percent in US dollars, from US$4,372.68 per ounce on Monday to US$4,279.15 as of the close of Australian stock markets Thursday. Meanwhile, a 0.87 percent decrease was seen in Australian dollars, with gold moving from AU$6,139.90 to AU$6,086.41 per ounce.The silver price ended the period down 3.45 percent in US dollars from US$66.32 per ounce to US$64.03. In Australian dollars, the metal decreased 2.26 percent from AU$93.08 to AU$90.98. ​Top ASX mining stocks this week How did ASX mining stocks perform against this backdrop?Take a look at this week’s five best-performing Australian mining stocks below as the Investing News Network breaks down their operations and why these companies are up this week.Stocks data for this article was retrieved using TradingView's stock screener and reflects price movements between the first trading day of the week and Thursday. Only companies trading on the ASX with market capitalisations greater than AU$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered. 1. Arrow Minerals (ASX:AMD) Weekly gain: 77.27 percent Market cap: AU$50.95 million Share price: AU$0.039Arrow Minerals is an exploration company with copper, iron and bauxite projects in Western Australia and Guinea.Its Yarraloola copper project is located in the West Pilbara region of Western Australia. Mineralisation at the site was first identified in 1907, and the site hosts historic copper mine operations.On September 17, Arrow announced that it secured an application for a new iron ore tenement adjoining its Yarraloola tenements, and adjacent to the Robe River operation, owned by a 53/33/14 joint venture of Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), Mitsui & Co. (TSE:8031,OTCPL:MITSF) and Nippon Steel (TSE:5401) .At its closest point, the new property is located just 2 kilometres from the open-pit mine at Robe River, which produces between 20 million and 23 million tonnes per year. The acquisition will increase Arrow’s landholdings by 30 percent to 415 square kilometres.“Our team is well aware of the tonnage and cash flow generating potential of channel iron deposits, such as those in this part of the Pilbara,” Managing Director David Flanagan said. “As proven by Rio, they often have very favourable deposit geometry and low impurities, meaning they can be low-cost, high-profit operations. Our team knows this because we have mined them in the past.”This marks the second week in a row that Arrow was on the top gainers list. While it did not release any project-related news during the week, on Thursday (September 24) the company requested a trading halt on the ASX in response to a price query by the exchange after the company's share price spiked during trading that day. Trading will resume pending an announcement. 2. Global Lithium Resources (ASX:GL1) Weekly gain: 53.38 percent Market cap: AU$284.43 million Share price: AU$1.02Global Lithium Resources is an exploration and development company advancing its Manna lithium project in Western Australia.The property is located in the Goldfields region east of Kalgoorlie. It consists of a mining lease and associated tenure covering a land package of 350 square kilometres. In August, Global Lithium received approval of its mining development and closure proposal and was granted its native vegetation clearing permit for Manna.On September 16, Global Lithium released the results of its Manna-Nova integration study. The study outlines a plan to haul ore 135 kilometres from Manna to the Nova nickel-copper processing facility, which the company agreed to acquire from IGO in July, and convert its plant to process lithium.The study demonstrated an economic case for the project with a post-tax net present value of AU$946 million, an internal rate of return of 120 percent, and a payback period of 11 months. Then on Tuesday (September 22) Global Lithium announced plans to be acquired through a binding scheme implementation deed with Titan Australia Mining, a subsidiary of the private Titan Lithium Group, which is based in the United Arab Emirates. Under the agreement, Titan will acquire 100 percent of Global Lithium's shares for AU$1.15 per share in cash, valuing the company at about AU$333 million.The deal includes a bridging loan facility to allow Global Lithium to continue its work at Manna while the agreement progresses.On Wednesday (September 23), Global Lithium announced that the Australian Competition and Consumer Commission had granted a waiver for its Nova acquisition. Completion is expected within 10 business days of either the end of IGO's operations at Nova or November 30, whichever comes first. 3. Catalina Resources (ASX:CTN) Weekly gain: 47.37 percentMarket cap: AU$12.06 millionShare price: AU$0.056Catalina Resources is an exploration company advancing a portfolio of projects in Western Australia.Its primary focus has been on its Kirkalocka gold project in the Murchison domain, about 50 kilometres south of Mount Magnet and adjacent to the inactive Kirkalocka gold mine. Catalina acquired the project in May as part of a wider Mid-West portfolio that includes the Tallering and Warriedar projects. Historical exploration at Kirkalocka identified four primary gold prospects: Highway, Capra, Avis and Two Mile Bore.On September 7, Catalina said it had completed a program of about 1,500 soil samples at the project and planned heritage surveys for September, with additional programs being carried out at its Tallering and Warriedar properties.On Tuesday, Catalina announced it had transferred its Nelson Bay River iron ore project in Tasmania to Newcam Minerals. The divestment allows Catalina to recover up to AU$1.29 million in rehabilitation security.The company said the funds will support a planned 3,000 metre maiden reverse circulation drill program at Kirkalocka targeting its four priority prospects. The capital will also go toward drilling at Tallering, where Catalina is following up on tungsten mineralisation identified in historical drilling. 4. Vanadium Resources (ASX:VR8) Weekly gain: 40.74 percent Market cap: AU$51.17 million Share price: AU$0.076Vanadium Resources is a vanadium and iron exploration and development company advancing its Steelpoortdrift project and V-Iron plant in South Africa. The property is located within the Bushveld Igneous Complex in a region that hosts iron and vanadium mining operations, including Glencore's (LSE:GLEN,OTCPL:GLCNF) Rhovan mine. An April 2022 resource and reserve statement shows a combined measured, indicated and inferred resource of 680.13 million tonnes of ore grading 0.7 percent vanadium pentoxide and 22.76 percent iron oxide, for contained metal totalling 4.74 million tonnes of vanadium pentoxide and 154.8 million tonnes of iron oxide. Combined proven and probable ore reserves total 76.86 million tonnes of ore grading 0.72 percent vanadium pentoxide.On September 3, the company announced it had secured the right of first refusal for the preferred site of its V-Iron plant. Vanadium Resources said the right is in effect until July 31, 2027. The plant is being developed as a next-generation critical minerals smelter, according to the firm, and will use feedstock from Steelpoortdrift. The company will now shift its focus to completing a scoping study, which it expects by the end of September.Then on September 11, Vanadium Resources announced it had received firm commitments from institutional and sophisticated investors for an oversubscribed AU$1 million equity placement. The company says the placement was sized to support the next phase of development activities set to begin once work on the accelerated scoping study is completed. The study is expected to be released by the end of September. Development activities will include preparations for a definitive feasibility study and front-end engineering design, advancing offtake discussions with the company US Vanadium and partners interested in pig iron, and retaining the plant site. 5. Waratah Minerals (ASX:WTM) Weekly gain: 36.59 percentMarket cap: AU$324.19 millionShare price: AU$0.84Waratah Minerals is an exploration company advancing its Spur gold-copper project in New South Wales.The property is in the East Lachlan region and comprises a land package of about 100 square kilometres. According to a September investor presentation, the site has 61,500 metres of historic drilling, and the company is performing an 80,000 metre program in 2026.On September 16, Waratah reported results initial metallurgical test work from the Consols zone at Spur. Samples returned gold recoveries of 89 to 93 percent using gravity and conventional leaching, in line with earlier results from the Spur zone.Then, on Tuesday, the company released results from drilling at Consols, which included what it called its best intercept to date. The intercept in question ran 46 meters with an average grade of 7.27 grams per tonne gold from a depth of 541 metres, which included a 10 metre interval grading 28.93 grams per tonne gold.The company said the hole extended mineralisation 70 metres north and 150 metres east of previous drilling. Don’t forget to follow us @INN_Australia for real-time news updates!Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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