Nasdaq Commodities

The nickel price has trended down in 2023. After opening the year at US$30,000 per metric ton (MT), the base metal has fallen to rest just above US$22,000.The Investing News Network spoke to analysts at the end of Q2 to get their thoughts on the metal's performance and what they think will affect it moving forward. They discussed factors such as oversupply, weaker-than-expected demand from China and doubts about the London Metal Exchange after it suspended trading last year.When asked what challenges junior miners in the nickel sector are facing, Wood Mackenzie Principal Analyst Adrian Gardner said major companies are looking to find resources for battery materials. “Junior miners/exploration companies need to hold their nerve and not accept the takeover/equity investment bid from the first offer that comes along,” he added.Below the Investing News Network has listed the top nickel stocks on the TSX and TSXV by share price performance so far this year. All year-to-date and share price data was obtained on August 1, 2023, using TradingView’s stock screener. The top nickel stocks listed had market caps above C$10 million at that time. 1. Sama Resources (TSXV:SME) {"@context":"https://schema.org","@type":"Corporation","name":"Sama Resources","url":"https://www.samaresources.com","description":"Sama Resources Inc is a mineral exploration and development company. Its exploration asset includes Samapleu properties located in the Republic of Cote d'Ivoire, West Africa.","tickerSymbol":"TSXV:SME","sameAs":[]} Press Releases Company Profile Year-to-date gain: 38.46 percent; market cap: C$40.66 million; current share price: C$0.18Sama Resources’ focus is on its Samapleu and Grata project in Côte d’Ivoire, West Africa. The asset, which is made up of two adjoining deposits, is host to nickel, copper, cobalt and platinum-group metals (PGMs) mineralization.The company’s wholly owned subsidiary SRQ Resources has a portfolio of six properties composed of 525 exploration claims in Quebec, Canada, with its primary project being the Lac Brulé nickel-copper-PGMs project. Sama is currently in the process of spinning out SRQ, and Sama’s shareholders will receive shares of SRQ once it begins trading.The company’s share price started climbing in February, moving from C$0.11 on February 6 to C$0.17 on February 24 following the release of drill results from Grata on February 7; according to Sama, they “confirm mineralisation on strike and down dip within the Grata prospect within the newly discovered ultramafic feeder.” One highlight interval from the drilling was 3.45 meters grading 0.63 percent nickel, 2.96 percent copper and 0.78 grams per MT (g/t) palladium within 193 meters grading 0.26 percent nickel, 0.21 percent copper and 0.37 g/t palladium.While it fell back down, Sama’s share price began to climb again in late April, ultimately reaching its year-to-date high of C$0.19 on May 26, the day after the company announced the spinout of SRQ. Its most recent news on the subject came on July 21, when Sama received a final order approving the plan from the Quebec Superior Court of Justice. The company is still waiting on approval from the TSXV.With regards to its project, at the end of June, Sama released an updated mineral resource estimate for the combined Samapleu and Grata deposits. The vast majority of the resource falls into the inferred category, which now totals 101.9 million MT at 0.25 percent nickel and 0.23 percent copper for 25,337 MT of nickel and 23,895 MT of copper. The report also details the cobalt, palladium and platinum resources at the project. Buy now , 2. Power Nickel (TSXV:PNPN) {"@context":"https://schema.org","@type":"Corporation","name":"Power Nickel Inc.","url":"https://www.chileanmetals.com","description":"Power Nickel Inc, formerly Chilean Metals Inc operates as a resource exploration company. It is engaged in the business of acquiring and exploring mineral properties in Chile and Canada. Its projects include Tierra de Oro, Zulema and Lynn, Parrsboro, and Bass River Properties, among others.","tickerSymbol":"TSXV:PNPN","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=32182968&width=980","logo":"https://investingnews.com/media-library/image.gif?id=32182968&width=210"} Press Releases Company Profile Year-to-date gain: 20.51 percent; market cap: C$27.03 million; current share price: C$0.235Power Nickel’s goal is to meet the needs of the battery supply chain by setting itself up to supply high-grade nickel from its flagship Nisk project in Quebec, which it says is being developed into “one of the greenest sources of class-1 nickel in history.” The project, which is under option from Critical Elements Lithium (TSXV:CRE,OTCQX:CRECF), also holds copper, cobalt, palladium and platinum mineralization.Power Nickel’s share price rocketed up early in the year on January 31, when the company partnered with Fleet Space Technologies, an Australian microsatellite operator and developer. According to a release, Fleet Space’s ExoSphere sound-mapping technology will generate data that can be used to create a full 3D image of the subsurface to a depth of 2 kilometers, giving Power Nickel a “clear, rich image of what resources may be below ground” with a turnaround of as short as four days. The company plans to use this data to increase its drilling accuracy and potentially find new deposits.Power Nickel’s share price reached a year-to-date high of C$0.36 on February 21 after climbing through the previous weeks, although it cooled in March and April. The company shared plenty of exploration news in Q2. On April 27, the company released the remaining assays from its 2022 drilling and the first assays from its winter 2023 program, noting that step-out holes at Nisk showed indications of a new mineralized zone. In mid-May, the company discovered a new high-grade copper-PGMs zone at Nisk, which it dubbed Wildcat; the news coincided with a Q2 share price peak of C$0.31. In terms of nickel news, the end of May saw new drill results, including a highlight of 14.4 meters grading 1.01 percent nickel, including 7.8 meters grading 1.69 percent nickel. On June 15, Power Nickel stated alongside further results that the next steps for the project include deploying the aforementioned sound-mapping technology, readying the next stage of drilling and publishing Nisk’s inaugural mineral resource estimate. More recently, on July 20, Power Nickel announced plans to spin out its non-core assets into the new entity Consolidated Gold and Copper to allow it to focus fully on Nisk. At the end of the month, Power Nickel exercised its option to acquire 50 percent of the Nisk project, and shared that it intends to acquire an additional 30 percent through its second option. It will be able to do so following the release of the mineral resource estimate. Buy now , 3. FPX Nickel (TSXV:FPX) {"@context":"https://schema.org","@type":"Corporation","name":"FPX Nickel","url":"https://fpxnickel.com/","description":"Exploring and Developing the High-Margin Baptiste Nickel Project in in Canada\n","tickerSymbol":"TSXV:FPX","sameAs":["https://twitter.com/fpx_nickel"],"image":"https://investingnews.com/media-library/otxqb-fpocf.png?id=27887947&width=980","logo":"https://investingnews.com/media-library/otxqb-fpocf.png?id=27887947&width=210"} Press Releases Company Profile Year-to-date gain: 15.91 percent; market cap: C$142.42 million; current share price: C$0.51FPX Nickel is developing its flagship Decar Nickel District in BC. The property is host to four targets, including the Baptiste deposit and the Van target, the former of which is the company’s primary target. It also has 100 percent ownership of three other nickel projects in BC and one in Canada's Yukon. While FPX is primarily a nickel company, it intends to produce cobalt as a by-product of future nickel mining at Baptiste. On May 17, the company completed hydrometallurgical testwork on Baptiste’s awaruite nickel concentrate using a two stage process with a cobalt solvent and a nickel solvent, achieving extraction of greater than 99 percent for the nickel and cobalt. “The results of our hydrometallurgical testwork program clearly demonstrate the technical advantages of awaruite nickel mineralization to produce battery-grade nickel sulphate, presenting an opportunity to develop a new vertically integrated nickel supply chain in Canada,” said Andrew Osterloh, FPX Nickel’s senior vice president of projects and operations.FPX’s share price spiked on May 30 on news that global stainless steel company Outokumpu (HEL:OUT1V) was investing C$16.08 million in FPX through a private placement financing, resulting in the steel giant owning 9.9 percent of FPX. For as long as Outokumpu holds the shares, the deal gives it the right to negotiate one or more offtake agreements for nickel from Baptiste for up to a total of 60,000 MT, or 7,500 MT per year for eight years.The company’s share price moved from C$0.43 on May 29 to C$0.58 by June 5 — a year-to-date high. FPX’s most recent news came on June 27, when the company announced the completion of all testwork for its upcoming prefeasibility study, which it expects to release in September. According to the release, the updated concentrator flowsheet resulted in Davis tube nickel recovery of 88.7 percent, an increase of 4 percent over 2020 estimates from the preliminary economic assessment. Buy now , 4. Horizonte Minerals (TSX:HZM) {"@context":"https://schema.org","@type":"Corporation","name":"Horizonte Minerals","url":"https://www.horizonteminerals.com","description":"Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles. It is principally developing Araguaia as the next nickel mine in Brazil.","tickerSymbol":"TSX:HZM","sameAs":[]} Press Releases Company Profile Year-to-date gain: 12.45 percent; market cap: C$721.16 million; current share price: C$2.71Horizonte Minerals is a nickel and cobalt company focused on developing its wholly owned Araguaia nickel project and Vermelho nickel-cobalt project, both of which are in Brazil’s Pará state. Vermelho, which is currently at the feasibility stage, is anticipated to produce 24,000 MT of nickel and 1,250 MT of cobalt annually. In late January, Horizonte announced the submission of the environmental and social impact assessment for Vermelho to the Pará State Secretariat for Environment and Sustainability. The company said it is targeting the first half of 2024 for when the submissions will be approved by the entity. Horizonte’s share price jumped from C$2.18 to C$2.60 in the week following the news. On July 6, the company received a mining approval permit from the Brazilian regulator for its Araguaia nickel project. This will allow the company to “mine, stockpile, and categorise ore, optimising the consistency of the feedstock.” It plans to carry out stockpiling over the next six months to establish enough ore to feed its plant for the six months following that process. The news led to its share price jumping upward in July, ultimately reaching a year-to-date high of C$2.88 on July 17. Buy now , 5. Nickel 28 Capital (TSXV:NKL) {"@context":"https://schema.org","@type":"Corporation","name":"Nickel 28 Capital Corp.","url":"https://www.nickel28.com","description":"Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.","tickerSymbol":"TSXV:NKL","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29647895&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29647895&width=210"} Company Profile Year-to-date gain: 8.18 percent; market cap: C$109.22 million; current share price: C$1.19Nickel 28 Capital is a streaming and royalty company that has an 8.56 percent joint venture interest in the Ramu nickel-cobalt operation in Papua New Guinea and royalty agreements for 13 other projects. Nickel 28 is working toward the anticipated full repayment of its debt for the construction of Ramu in 2024, at which point it says it plans to use net cash flow for dividends and distributions.In 2023, the company has been embroiled in a conflict with shareholder Pelham Investment Partners, which made a play to acquire a larger share of the company and influence its direction through a tender offer to minority shareholders. Pelham was ultimately tendered 3.66 million shares by the time the offer expired on April 26, making it the company’s single largest shareholder, and the fund subsequently called on Nickel 28’s board of directors for a change in course to “reestablish shareholder support.” The company’s share price jumped to C$1.25 the same day.On May 3, Nickel 28 shared Q1 operational results for Ramu, which performed at 111 percent nameplate capacity, according to the release. Nickel 28 released further news on May 5, sharing that it had received a list of five director nominees from Pelham, including the fund’s CEO Ned Collery. Its share price rose throughout the week to peak at C$1.70. Days later, Nickel 28 rejected a “with prejudice” settlement offer from Pelham, which included demands such as the resignation of three Nickel 28 directors and the appointment of Collery and two other nominees. In a letter to shareholders ahead of its annual general meeting on June 12, Nickel 28 emphasized that the fund members do not have the necessary expertise to control a mining company. Independent advisor Institutional Shareholder Services concurred with Nickel 28 in its findings, stating that “wholesale removal of the management slate could jeopardize the company's strong shareholder returns delivered since inception.”The Supreme Court of BC ruled that Pelham’s notice for director nominations was not far enough in advance of Nickel 28's AGM to need to be considered at the meeting. However, Nickel 28’s existing board members all received less than majority support at the AGM with around 41.5 percent votes in favor of their reappointment; the remaining votes withheld, aligning with Pelham’s recommendation. As Nickel 28 has a majority voting policy, each member tendered their resignation for consideration as of June 16, at which time the company also announced it had appointed a new independent director, Ian Ross, who will advise on whether the resignations should be accepted. Nickel 28's share price has fallen in the time since then, although it is still up year-to-date. The company’s most recent news came on July 26 in the form of its Q2 operating results for Ramu. During the quarter, Ramu produced 7,784 MT of contained nickel and 717 MT of contained cobalt, a slight decrease from Q1. Buy now , ​FAQs for nickel investing How to invest in nickel? There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it's critical to complete due diligence before making any investment decisions.Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures. What is nickel used for? Nickel has a variety of applications. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. It is used in coins as well, such as the 5 cent nickel in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada's nickel has nickel plating that makes up 2 percent of its composition. Nickel's up-and-coming use is in electric vehicles as a component of certain lithium-ion battery compositions, and it has gotten extra attention because of that purpose. ​​Where is nickel mined? The world's top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and Russia make up the top three. Rounding out the top five are New Caledonia and Australia. Indonesia's production stands far ahead of the rest of the pack, with 2022 output of 1.6 million MT compared to the Philippines' 330,000 MT and Russia's 220,000 MT. Significant nickel miners include Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF). Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: FPX Nickel is a client of the Investing News Network. This article is not paid-for content.

Ukraine marks the second anniversary of Russia's full-scale invasion on Saturday looking more vulnerable than at any time since the early days of Europe's most deadly conflict since World War Two.

The gold price was back above US$2,000 per ounce this week after briefly dipping below that level last week.Wednesday (February 21) brought the release of the US Federal Reserve's latest meeting minutes, which shed light on the central bank's outlook ahead of its next meeting, which is scheduled to run from March 19 to 20. Investors are waiting for the Fed to cut interest rates, but the statement confirms that officials want to see more evidence that inflation is headed toward their 2 percent target before they do so. In fact, most participants are more concerned about cutting rates too quickly vs. hurting the economy by keeping rates higher for longer.Last week's consumer price index reading, which came in hotter than anticipated, underscores why the Fed is reluctant to reverse course on rates too soon, and it seems that most market watchers expect it to hold steady in March — CME Group's (NASDAQ:CME) FedWatch tool shows only a 4.5 percent chance of a cut at that time.Officials do seem keen to discuss the Fed's balance sheet at the upcoming meeting, with the aim of eventually looking to slow the pace of runoff. In the more immediate future, keep an eye out for the latest US personal consumption expenditures (PCE) data. The PCE price index is the Fed's preferred measure of inflation and is due out on February 29. ​Newmont and First Quantum share results This week also saw a number of major miners release their latest quarterly and annual results. Newmont (TSX:NGT,NYSE:NEM) beat analysts' quarterly profit expectations, but took a hit as it recorded a $1.9 billion impairment charge, $1.2 billion of which was connected to a writedown at its Peñasquito mine in Mexico. Investors were also reportedly disappointed with the company's 2024 gold production forecast of 6.9 million ounces.The company completed its acquisition of Australia's Newcrest Mining this past November, and is now looking to hone its focus on what it describes as "tier one assets." With that goal in mind, Newmont is looking to divest six non-core properties: Akyem, Cripple Creek and Victor, Éléonore, Porcupine, Musselwhite and Telfer. The company also said it expects to divest the Coffee project in Canada and the Havieron project in Australia.Meanwhile, First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) said that in Q4 its net loss attributable to shareholders came to $1.45 million, or $2.09 per share. The company's future has been up in the air since Panama ordered it to close the Cobre Panama mine back in November, but alongside this week's results release it revealed a large financing package — First Quantum plans to sell $1 billion in stock and raise $1.6 billion from a notes offering. Company shares reacted positively to the news, but remain substantially lower than they were prior to Cobre Panama's closure. Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.And don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, 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.

London and New York cocoa futures on ICE gained nearly 20% this week to reach fresh record highs on Friday boosted by growing concerns about a supply shortage following poor crops in the top growers Ivory Coast and Ghana.

The uranium spot price hit a 14 month high of US$57.75 per pound in Q2.Although the commodity remains below its April 2022 decade high of US$64.50, its outlook remains strong given market forces impacting both supply and demand. Russia's ability to bring nuclear fuel to market is weighing on the supply side as the country is responsible for nearly half of global capacity for uranium conversion and enrichment. On the demand side, governments around the world continue to build out their nuclear power capacity in an effort to move away from fossil fuels. The Investing News Network has recently spoken with many market watchers who are bullish on uranium, including Rick Rule, John Ciampaglia, Lobo Tiggre, Byron King and Curtis Moore.Tiggre mentioned uranium as a sector he's investing in right now. For his part, King shared a list of companies focused on the energy metal that he is keeping an eye on, including Cameco (TSX:CCO,NYSE:CCJ), one of the year's biggest gainers. Rule highlighted the major catalyst he's on the look out for that will truly signal a rebound in the uranium market.Below are the top uranium stocks on the TSX, TSXV and CSE by share price performance so far this year. All data was obtained on July 24, 2023, using TradingView’s stock screener, and all companies had market caps above C$10 million at the time. 1. Stallion Discoveries (TSXV:STUD) {"@context":"https://schema.org","@type":"Corporation","name":"Stallion Discoveries","url":"https://investingnews.com/stocks/tsxv-stud/stallion-discoveries/","description":"Stallion Gold Corp is a mineral exploration company focused on the exploration of precious metals and critical minerals at its Horse Heaven Gold Property in Idaho.","tickerSymbol":"TSXV:STUD","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=34698551&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=34698551&width=210"} Company Profile Year-to-date gain: 84 percent; market cap: C$21.85 million; current share price: C$0.23In 2023, Stallion Discoveries has amassed a large land package in the Athabasca Basin, home to the world’s largest high-grade uranium deposits. If it chooses to exercise an option it acquired in July, the company’s vast holdings will total more than 3,000 square kilometers. Stallion also has two gold projects in Idaho and Nevada.Stallion’s share price kicked off the year by climbing significantly, nearly quadrupling by mid-February. During the month of January, the company made two significant acquisitions that totaled 23 mineral claims covering 78,831 hectares in strategic locations throughout the Athabasca Basin. In February, Stallion completed a C$4 million financing. Shares of Stallion climbed from C$0.13 on January 3 to C$0.48 on February 17.On March 1, the uranium explorer initiated a versatile time-domain electromagnetic geophysical survey for the aforementioned 78,831 hectares in the basin. “Given that this survey has been a key starting point for many companies in the region, to not only locate, but successfully outline conductors, it will lay the groundwork for our prospective target areas moving forward,” said CEO Drew Zimmerman.While Stallion’s share price eased back to the C$0.35 to C$0.40 range for much of March and early April, news that the survey was completed and moving into the interpretation phase gave it a boost. Zimmerman called the survey’s completion “the key first step on a proven exploration roadmap in the area.”On May 3, Stallion’s share price reached C$0.50, a year-to-date high for the company. However, in recent months, the company has sunk to the C$0.20 to C$0.24 range.In mid-July, the company announced a definitive agreement with ATHA Energy (CSE:SASK,OTCQB:SASKF) that gives Stallion the option to acquire a 70 percent interest in 47 mineral claims covering 547,524 acres in the Western Athabasca Basin; doing so would bring the company to a total 3,000 square kilometer land package. Buy now , 2. Strathmore Plus Uranium (TSXV:SUU) {"@context":"https://schema.org","@type":"Corporation","name":"Strathmore Plus Uranium Corp.","url":"https://www.strathmoreplus.com","description":"Strathmore has 3 uranium projects in Wyoming, including Beaver Rim, Agate and Night Owl. The Night Owl property is a former producing mine that was in production in the late 1960's. The Agate and Beaver Rim properties contain uranium in Wyoming-type roll front deposits based on historical drilling data. Strathmore received an exploration permit for the Beaver Rim project in October, and is now applying for both exploration and drilling permits for Night Owl and Agate.","tickerSymbol":"TSXV:SUU","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=32887004&width=980","logo":"https://investingnews.com/media-library/image.gif?id=32887004&width=210"} Press Releases Company Profile Year-to-date gain: 78.13 percent; market cap: C$20.33 million; current share price: C$0.56Strathmore Plus Uranium is a pure-play uranium company operating in the US state of Wyoming. The company has three projects in the state, namely Night Owl, Agate and Beaver Rim. Strathmore is working to advance Night Owl, which hosts a past-producing uranium mine, to production as a shallow conventional mine. Strathmore’s share price saw various peaks in the first quarter, initially rising in mid-January after multiple news releases, including a private placement financing and the granting of stock options. The company also initiated permitting efforts at Night Owl, explaining in a release the activities it will be undertaking to complete the necessary baseline studies for the project.On February 22, Strathmore submitted a permit for a 100 hole drill program at the Agate project this summer. The company will be exploring Agate alongside Dr. Brad Carr and his research team from the University of Wyoming, which Strathmore announced a partnership with in January. The university team will be digitizing the project’s historical drill data and applying “newly developed geophysical theories and methods to evaluate the uranium mineralization at the properties.”On April 3, Strathmore announced an agreement with Ur-Energy (TSX:URE,NYSEAMERICAN:URG) that will see the two companies evaluate how to advance Strathmore’s projects and look into a potential business transaction for the processing of Strathmore’s future uranium at Ur-Energy’s facilities. The next day, the company received the requested drill permit for Agate.Although Strathmore did not release news over the next month, its share price climbed to a year-to-date high of C$0.91 by May 1, up from C$0.38 on March 21, before moving back down to C$0.47 on May 30. More recent news releases highlighting planned exploration programs at Night Owl and Agate for this summer helped push its shares back up to C$0.56 as of July 24. Buy now , 3. Cosa Resources (CSE:COSA) {"@context":"https://schema.org","@type":"Corporation","name":"Cosa Resources","url":"https://cosaresources.ca/","description":"Exploring Uranium Assets in the Prolific Athabasca Basin","tickerSymbol":"CSE:COSA","sameAs":["https://twitter.com/cosaresources"],"image":"https://investingnews.com/media-library/cosa-resources-cse-cosa.png?id=32006208&width=980","logo":"https://investingnews.com/media-library/cosa-resources-cse-cosa.png?id=32006208&width=210"} Press Releases Company Profile Year-to-date gain: 69.44 percent; market cap: C$10.46 million; current share price: C$0.30Cosa Resources holds more than 140,000 hectares of uranium assets proximal to the Athabasca Basin. These projects are near to or within highly prospective northeast-trending uranium corridors and district-scale structural corridors, such as the Cable Bay and Grease River shear zones and the Larocque trend. The company’s 100 percent owned Ursa property covers a large portion of the underexplored Cable Bay shear zone uranium corridor.In mid-January, Cosa acquired 41,119 hectares of uranium exploration ground along the Cable Bay shear zone and contiguous with the company's Ursa property. A few weeks later, the company added to its expertise with the appointment of veteran uranium geologist Andy Carmichael. Shares of the uranium explorer rose from C$0.17 on January 3 to a year-to-date high of C$0.47 on February 6. Later in the spring, Cosa acquired the 12,835 hectare Helios uranium property in Athabasca. "Similar to our Ursa project, this is an example of our technical team leveraging past experience and discovery success to identify overlooked, cost-effective acquisitions,” said President and CEO Keith Bodnarchuk. Soon after, the company further stacked its bench with award-winning uranium geologist Justin Rudko. While Cosa’s share price had sunk from its year-to-date high to as low as C$0.28 on March 17, upward momentum beginning in early April pushed it back up to C$0.44 on April 19. Since then, the company has reported on geophysical survey results for its Castor and Charcoal and Ursa and Orion projects, announced the acquisition of the Astro and Orbit projects and closed a C$5.5 million private placement. While Cosa was able to sustain its share price in the C$0.38 to C$0.42 range for the remainder of the second quarter, it has trended downward so far in the third quarter, with shares trading at C$0.31 as of July 24. Looking forward, the company has a series of exploration activities planned for fall 2023 and into 2024. Buy now , 4. District Metals (TSXV:DMX) {"@context":"https://schema.org","@type":"Corporation","name":"District Metals","url":"https://www.districtmetals.com","description":"District Metals Corp is a Canada-based mineral exploration company that is engaged in the business of acquiring, exploring, and evaluating natural resource properties.","tickerSymbol":"TSXV:DMX","sameAs":[],"image":"https://investingnews.com/media-library/image.png?id=34306959&width=980","logo":"https://investingnews.com/media-library/image.png?id=34306959&width=210"} Company Profile Year-to-date gain: 53.33 percent; market cap: C$12.3 million; current share price: C$0.115District Metals has built a portfolio of polymetallic exploration and development projects, with its main focus being the Viken uranium-vanadium project and the polymetallic Tomtebo project in Sweden. The Viken property covers 68 percent of the Viken deposit, which is amongst the largest deposits by total historic mineral resources of uranium and vanadium in the world. The deposit also hosts significant molybdenum, nickel, copper and zinc mineralization. In addition to these, the company has the Tåsjö and Ardnasvarre polymetallic projects, which are both prospective for uranium.District Metals started off the year with the submission of a mineral license application for the Viken property. Later in the month, the company shared a media report about the potential for Sweden’s 2018 moratorium on uranium exploration and mining to be lifted by an upcoming vote in Swedish parliament. Shares of District Metals benefited from the reports, more than doubling in value from C$0.08 on January 4 to C$0.18 on January 26. In early March, the company completed a financing totaling C$3 million and announced an additional mineral license application for Viken that brings the total area covered from 2,302 to 9,367 hectares. District Metals' share price hit its year-to-date high of C$0.23 shortly after on March 8.The vote from Swedish parliament to keep the country's uranium moratorium in place for the time being pushed District Metals' share price back down to C$0.10 by March 30. The stock traded between C$0.10 and C$0.11 through the second quarter before rising to C$0.13 July 7. Support for the country's uranium industry came on June 19 in the form of a Swedish news article with quotes from multiple politicians. Swedish Minister for the Environment Romina Pourmokhtari stated, “I believe that we need uranium mines in Sweden,” according to the article, and Swedish Minister for Energy and Business Ebba Busch said, “Sweden also needs more uranium to achieve greater fossil-free electricity production.” The company has reported approvals for multiple licenses so far this year, in particular its Viken mineral licenses on April 12 and May 3; its Tåsjö mineral license applications on May 30; and its Ardnasvarre mining license on June 22. Buy now , 5. Cameco (TSX:CCO) {"@context":"https://schema.org","@type":"Corporation","name":"Cameco Corporation","url":"https://www.cameco.com","description":"Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.","tickerSymbol":"TSX:CCO","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648271&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648271&width=210"} Press Releases Company Profile Year-to-date gain: 40.85 percent; market cap: C$18.67 billion; current share price: C$43.44Cameco is a top global uranium miner with active operations in Canada and Kazakhstan and suspended mines in the US. Its Canadian mines are the Cigar Lake joint venture, the world’s highest-grade uranium mine, and McArthur River/Key Lake, the world’s largest high-grade uranium mine and mill. Both are in Saskatchewan’s Athabasca Basin. After being on care and maintenance, Cameco brought McArthur River/Key Lake back online in 2022 due to strengthening uranium market conditions, and it achieved initial production last November. Cameco’s Inkai mine in Kazakhstan is a 40/60 joint venture between it and national operator Kazatomprom (LSE:KAP).Cameco’s share price climbed throughout the first month and a half of 2023, reaching C$39.67 on February 15. On February 8, the uranium miner reached a supply agreement with Ukraine’s state-owned nuclear energy utility company, Energoatom. The deal will see Cameco supply Ukraine with enough uranium fuel to meet the country’s needs until 2035.The following day, Cameco released its Q4 and full-year 2022 results. The year saw Cameco sign a record number of uranium contracts, ultimately reaching an additional 80 million pounds of uranium to its long-term contracts. The company also discussed its big news items for last year, and shared its guidance for 2023.More significant news came for Cameco on March 27, when the company shared that Canada Revenue Agency will be refunding the company C$300,000 in previously paid taxes after a series of court battles. Although Cameco’s share price had drifted lower since mid-February, this news led to a hike in its share price over the following days. On April 4, the company extended its nuclear fuel supply agreement with Ontario-based power company Bruce Power until 2030.In late April, Cameco released its Q1 financials, highlighting C$115 million in adjusted net earnings, plus production of 4.5 million pounds of uranium. The company now has "contract commitments of approximately 215 million pounds of uranium and more than 70 million kgU of UF6 conversion services with deliveries spanning more than a decade." Shares of Cameco hit a year-to-date high of C$43.44 on July 24. Buy now , FAQs for investing in uranium What is uranium used for? Uranium is primarily used for the production of nuclear energy, a form of clean energy created in nuclear power plants. In fact, 99 percent of uranium is used for this purpose. As of 2022, there were 439 active nuclear reactors, as per the International Atomic Energy Agency. Last year, 8 percent of US power came from nuclear energy.The commodity is also used in the defense industry as a component of nuclear weaponry, among other uses. However, there are safeguards in effect to keep this to a minimum. To create weapons-grade uranium, the material has to be enriched significantly — above 90 percent — to the point that to achieve just 5.6 kilograms of weapons-grade uranium, it would require 1 metric ton of uranium pre-enrichment. Because of this necessity, uranium enrichment facilities are closely monitored under international agreements. Uranium used for nuclear power production only needs to be enriched to 5 percent; nuclear enrichment facilities need special licenses to enrich above that point for uses such as research at 20 percent enrichment.The metal is also used in the medical field for applications such as transmission electron microscopy. Before uranium was discovered to be radioactive, it was used to impart a yellow color to ceramic glazes and glass. Where is uranium found? The country with the greatest uranium reserves by far is Australia — the island nation holds 28 percent of the world’s uranium reserves. Rounding out the top three are Kazakhstan with 15 percent and Canada with 9 percent.Although Australia has the highest reserves, it holds uranium as a low priority and is only fourth overall for production. All its uranium output is exported, with none used for domestic nuclear energy production.Kazakhstan is the world’s largest producer of the metal, with production of 21,819 metric tons in 2021. The country’s national uranium company, Kazatomprom, is the world’s largest producer. Canada’s uranium reserves are found primarily in its Athabasca Basin, and the region is a top producer of the metal as well, although some of the major mines have been under care and maintenance in recent years. Why should I buy uranium stocks? Investors should always do their own due diligence when looking at any commodity so that they can decide whether it fits into their investment plans. With that being said, many experts are convinced that uranium has entered into a significant bull market, meaning that uranium stocks could be a good buy.A slew of factors have led to this bull market. While the uranium industry spent the last decade or so in a downturn following the 2011 Fukushima nuclear disaster, discourse has been building around the metal's use as a source of clean energy, which is important for countries looking to reach climate goals. Nations are now prioritizing a mix of clean energies such as solar and wind energy alongside nuclear. Significantly, in August 2022, Japan announced it is looking into restarting its idled nuclear power plants and commissioning new ones. Experts consider this an important catalyst for uranium.Uranium prices are very important to uranium miners, as in recent years levels have not been high enough for production to be economic. However, in 2021, prices spiked from the US$30 to US$45 range, and moved even higher in 2022 on supply concerns from the Russia/Ukraine war, hitting US$64.50 before moving back to stabilize around US$50. This price action has resulted in some companies bringing their mines out of care and maintenance, including Cameco’s McArthur River/Key Lake. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: Cosa Resources is a client of the Investing News Network. This article is not paid-for content.

Most stock indexes and currencies in Latin America dropped on Friday as declines in oil and metals prices weighed on the resource-rich region, capping a choppy week of trading that has seen it broadly lag global emerging markets.

Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to Feb. 20, regulatory data released on Friday showed.

A highly anticipated record corn harvest in Argentina could see its benefits curbed by a global decline in prices, the country's Rosario grains exchange said on Friday, in a possible blow to a new government battling the economy's worst crisis in decades.

At least three U.S.-bound cargo ships are preparing to load with soybeans at two ports in Northern Brazil, according to shipping lineup data seen by Reuters.

At least three U.S.-bound cargo ships are preparing to load with soybeans at two ports in Northern Brazil in the first such bulk shipments since last summer, according to shipping lineup data seen by Reuters.

FXEmpire.com - Natural Gas Natural Gas 230224 Daily Chart Natural gas pulled back as traders remained focused on weak demand. Most likely, the recent rally was triggered by short-covering, and natural gas will need additional catalysts to move higher.

Chicago Board of Trade corn futures on Friday fell to $4 per bushel in the front-month contract for the first time since November 2020, as hefty U.S. and global supplies weighed over the market.

The uranium spot price hit a two decade high of US$106 per pound in January.The energy commodity endured low prices for decades, but its recent rapid rise has come amid ongoing supply concerns and a strong outlook for demand. On the supply side, major producers are facing headwinds in ramping up output, while geopolitical concerns are creating supply chain uncertainty. In terms of demand, governments around the world continue to build out their nuclear power capacity in an effort to move away from fossil fuels.The Investing News Network has recently spoken with many market watchers who are bullish on uranium, including Rick Rule, John Ciampaglia, Lobo Tiggre, Byron King and Justin Huhn. Tiggre mentioned uranium as a sector for which he has near-term optimism. For his part, Huhn pointed out that small- and mid-cap companies have been outperforming larger-cap companies. Rule highlighted the uranium companies he's looking at in this market environment.Below are the top uranium stocks on the TSX, TSXV and CSE by share price performance so far this year. All data was obtained on February 21, 2024, using TradingView’s stock screener, and all companies had market caps above C$10 million at the time. Read on to learn what factors have been moving their share prices. 1. Myriad Uranium (CSE:M) {"@context":"http://schema.org","@type":"Corporation","name":"Myriad Uranium","url":"https://investingnews.com/stocks/cse-m/myriad-uranium/","description":"Myriad Uranium Corp is a mineral exploration company with an option to earn a 100% interest in over 1,800 km of uranium exploration licenses in the Tim Mersoi Basin, Niger.","tickerSymbol":"CSE:M","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51539746&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51539746&width=210"} Company Profile Year-to-date gain: 89.19 percent; market cap: C$12.63 million; current share price: C$0.35Uranium exploration company Myriad Uranium has an earnable 75 percent interest in the Copper Mountain uranium project in Wyoming, one of the most prolific uranium jurisdictions in the the US. The project area hosts several known uranium deposits and historic uranium mines, including the Arrowhead mine.The company also holds an 80 percent stake in uranium exploration licenses that cover more than 1,800 square kilometers in Niger’s Tim Mersoï Basin. The area is home to several world-class uranium deposits that lie on the same fault structures, including Orano’s Imouraren mine, Global Atomic’s (TSX:GLO,OTCQX:GLATF) Dasa project and GoviEx Uranium’s (TSX:GXU,OTCQX:GVXXF) Madaouela asset.Myriad hasn't put out any market-moving news so far in 2024, but its share price has seen strong momentum. Uranium's price upside is likely helping, along with recent legislation would require the US to buy domestically sourced uranium for its nuclear power generation. The bill still requires Senate approval, but is expected to receive it. Buy now , 2. District Metals (TSXV:DMX) {"@context":"https://schema.org","@type":"Corporation","name":"District Metals","url":"https://www.districtmetals.com","description":"District Metals Corp is a Canada-based mineral exploration company that is engaged in the business of acquiring, exploring, and evaluating natural resource properties.","tickerSymbol":"TSXV:DMX","sameAs":[],"image":"https://investingnews.com/media-library/image.png?id=34306959&width=980","logo":"https://investingnews.com/media-library/image.png?id=34306959&width=210"} Company Profile Year-to-date gain: 59.38 percent; market cap: C$29.42 million; current share price: C$0.255District Metals has built a portfolio of polymetallic exploration and development projects, with its main focus being the wholly owned Viken uranium-vanadium project and the polymetallic Tomtebo project in Sweden. The Viken property is among the largest deposits by total historic mineral resources of uranium and vanadium in the world. The deposit also hosts significant molybdenum, nickel, copper and zinc mineralization. In addition to these, the company has the Tåsjö and Ardnasvarre polymetallic projects, which are both prospective for uranium.Although there is currently a moratorium on uranium mining in Sweden, there are signals that a shift could be on the horizon. Support for the country's uranium industry came in June, 2023 in the form of a Swedish news article with quotes from multiple politicians. Swedish Minister for the Environment Romina Pourmokhtari stated, “I believe that we need uranium mines in Sweden,” according to the article, and Swedish Minister for Energy and Business Ebba Busch said, “Sweden also needs more uranium to achieve greater fossil-free electricity production.” District Metals completed a C$4.5 million bought-deal private placement in early February, after which the company's share price hit its year-to-date high at C$0.345. Buy now , 3. Aero Energy (TSXV:AERO) {"@context":"http://schema.org","@type":"Corporation","name":"Aero Energy Limited","url":"https://investingnews.com/stocks/tsxv-aero/aero-energy-limited/","description":"Angold Resources Ltd is a gold exploration and development company. The company has four properties in the portfolio; including two in Chile and others in Nevada and Canada.","tickerSymbol":"TSXV:AERO","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51539772&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51539772&width=210"} Company Profile Year-to-date gain: 52 percent; market cap: C$12.11 million; current share price: C$0.19Formerly known as Angold Resources, mineral exploration and development company Aero Energy holds a district-scale, 250,000 acre land package in the historic Uranium City district within Saskatchewan’s Athabasca Basin. The company has identified more than 50 shallow drill-ready exploration targets on the property.Found along the frontier northern rim of the Athabasca Basin, Aero’s property includes the formerly producing Gunnar mine, whose historical output comes to 18 million pounds of U3O8. Aero’s flip from gold to uranium has helped to boost its share price, which hit a 2023 low of C$0.04 on October 13.The company plans to kick off a 10,000 meter exploration program in Q2 2024. At the Murmac and Sundog projects on the property, Aero is planning an initial 4,000 meter drill program across 20 holes with an average depth of 200 meters. At the Strike project, Aero has planned an initial 1,000 meter drill campaign across five holes. Buy now , 4. Premier American Uranium (TSXV:PUR) {"@context":"http://schema.org","@type":"Corporation","name":"Premier American Uranium","url":"https://investingnews.com/stocks/tsxv-pur/premier-american-uranium/","description":"Premier American Uranium Inc. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for uranium and vanadium.","tickerSymbol":"TSXV:PUR","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51539787&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51539787&width=210"} Company Profile Year-to-date gain: 45.16 percent; market cap: C$33.1 million; current share price: C$2.25Premier American Uranium is building a project portfolio with assets in two of the most prolific uranium-producing jurisdictions in the US: the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado. The company has three projects in the Uravan Mineral Belt with historic uranium and vanadium production.Shares of the company reached their highest price on February 12, trading at C$3.29. Premier American first began trading on the TSX Venture Exchange on December 1, 2023. Looking forward to 2024, the company is permitted and licensed for a drill campaign at its 25,500 acre Cyclone project in Wyoming. Buy now , 5. Forsys Metals (TSX:FSY) {"@context":"http://schema.org","@type":"Corporation","name":"Forsys Metals Corp.","url":"http://www.forsysmetals.com","description":"Forsys Metals Corp is involved in the business of exploring, acquiring and developing mineral properties. The group has determined that it has one operating segment, the acquisition, exploration, and development of uranium and gold mineral properties. Its principal focus is on bringing its wholly-owned Norasa Uranium Project into production. Norasa project is the consolidation of the Valencia and Namibplaas Uranium projects.","tickerSymbol":"TSX:FSY","sameAs":[],"image":"https://investingnews.com/media-library/image.gif?id=29648285&width=980","logo":"https://investingnews.com/media-library/image.gif?id=29648285&width=210"} Press Releases Company Profile Year-to-date gain: 34.25 percent; market cap: C$191.27 million; current share price: C$0.98Uranium company Forsys Metals’ primary focus is advancing its Norasa uranium project in Namibia, which is the world’s third largest uranium-producing country and is home to the world’s fifth largest-known uranium resources. The project hosts the Valencia and Namibplaas uranium deposits. Shares of the company reached their yearly peak on January 24, trading at C$1.15 each. Forsys is currently re-evaluating Norasa's 2015 feasibility study and geological data. In addition, the results of a 4,100 meter drill program will help inform improved process and pit designs. The company is also looking at new technologies with the potential to optimize recovery rates, tailings and project economics. Forsys expects to complete this work by mid-2024. Buy now , FAQs for investing in uranium What is uranium used for? Uranium is primarily used for the production of nuclear energy, a form of clean energy created in nuclear power plants. In fact, 99 percent of uranium is used for this purpose. As of 2022, there were 439 active nuclear reactors, as per the International Atomic Energy Agency. Last year, 8 percent of US power came from nuclear energy.The commodity is also used in the defense industry as a component of nuclear weaponry, among other uses. However, there are safeguards in effect to keep this to a minimum. To create weapons-grade uranium, the material has to be enriched significantly — above 90 percent — to the point that to achieve just 5.6 kilograms of weapons-grade uranium, it would require 1 metric ton of uranium pre-enrichment. Because of this necessity, uranium enrichment facilities are closely monitored under international agreements. Uranium used for nuclear power production only needs to be enriched to 5 percent; nuclear enrichment facilities need special licenses to enrich above that point for uses such as research at 20 percent enrichment.The metal is also used in the medical field for applications such as transmission electron microscopy. Before uranium was discovered to be radioactive, it was used to impart a yellow color to ceramic glazes and glass. Where is uranium found? The country with the greatest uranium reserves by far is Australia — the island nation holds 28 percent of the world’s uranium reserves. Rounding out the top three are Kazakhstan with 15 percent and Canada with 9 percent.Although Australia has the highest reserves, it holds uranium as a low priority and is only fourth overall for production. All its uranium output is exported, with none used for domestic nuclear energy production.Kazakhstan is the world’s largest producer of the metal, with production of 21,227 metric tons in 2022. The country’s national uranium company, Kazatomprom, is the world’s largest producer. Canada’s uranium reserves are found primarily in its Athabasca Basin, and the region is a top producer of the metal as well, although some of the major mines have been under care and maintenance in recent years. Why should I buy uranium stocks? Investors should always do their own due diligence when looking at any commodity so that they can decide whether it fits into their investment plans. With that being said, many experts are convinced that uranium has entered into a significant bull market, meaning that uranium stocks could be a good buy.A slew of factors have led to this bull market. While the uranium industry spent the last decade or so in a downturn following the 2011 Fukushima nuclear disaster, discourse has been building around the metal's use as a source of clean energy, which is important for countries looking to reach climate goals. Nations are now prioritizing a mix of clean energies such as solar and wind energy alongside nuclear. Significantly, in August 2022, Japan announced it is looking into restarting its idled nuclear power plants and commissioning new ones. Experts consider this an important catalyst for uranium.Uranium prices are very important to uranium miners, as in recent years levels have not been high enough for production to be economic. However, in 2024, prices spiked from the US$58 in August 2023 to a high of US$106 per pound U3O8 in February 2024. At this price level, uranium stocks remain highly undervalued. Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Nickel has been trending down since early 2023, and bearish sentiment still pervades the market in 2024. Supply is expected to outflank demand over the short term, but the longer-term outlook for the metal is strong.The Investing News Network (INN) spoke to analysts to get their thoughts on the biggest nickel trends to watch for in 2024, and what they think will affect the market moving forward. They discussed factors such as oversupply, weaker-than-expected demand from China and doubts about the London Metal Exchange after it suspended trading last year.Demand from the electric vehicle industry is one reason nickel's future looks bright further into the future. “Global nickel consumption is expected to increase due to recovery of the stainless steel sector and increased usage of nickel in electric vehicle batteries. Batteries now account for almost 17 percent of total nickel demand, behind stainless steel," Ewa Manthey, commodities strategist at financial services firm ING, told INN in the lead-up to 2024. “The metal’s appeal to investors as a key green metal will support higher prices in the longer term." Below INN has listed the top nickel stocks on the TSX, TSXV and CSE by share price performance so far this year. All year-to-date and share price data was obtained on February 22, 2024, using TradingView’s stock screener. The top nickel stocks listed had market caps above C$10 million at that time. 1. EV Nickel (TSXV:EVNI) {"@context":"http://schema.org","@type":"Corporation","name":"EV Nickel","url":"https://www.evnickel.com/","description":"Accelerating the Transition to Clean Energy ","tickerSymbol":"TSXV: EVNI","sameAs":["https://twitter.com/EVNickel"],"image":"https://investingnews.com/media-library/ev-nickel-logo.png?id=28221714&width=980","logo":"https://investingnews.com/media-library/ev-nickel-logo.png?id=28221714&width=210"} Press Releases Company Profile Year-to-date gain: 96.67 percent; market cap: C$53.03 million; current share price: C$0.59EV Nickel’s primary project is the 30,000 hectare Shaw Dome asset in Ontario. It includes the high-grade W4 deposit, which has a resource of 2 million metric tons at 0.98 percent nickel for 43.3 million pounds of Class 1 nickel across the measured, indicated and inferred categories. Shaw Dome also holds the large-scale CarLang A zone, which has a resource of 1 billion metric tons at 0.24 percent nickel for 5.3 billion pounds of Class 1 nickel across indicated and inferred categories. EV Nickel is also working on integrating carbon capture and storage technology for large-scale clean nickel production, with majority funding from the Canadian government and Ontario's provincial government. In late 2023, the company announced it was moving its carbon capture research and development to the pilot plant stage.The Canadian nickel exploration company's share price started off the year at C$0.30 before steadily climbing to reach a year-to-date high of C$0.69 on February 12. Buy now , 2. Fathom Nickel (CSE:FNI) {"@context":"http://schema.org","@type":"Corporation","name":"Fathom Nickel","url":"https://investingnews.com/stocks/cse-fni/fathom-nickel/","description":"Fathom Nickel Inc is a resource development and exploration company that is targeting high-grade nickel sulfide discoveries for use in the rapidly growing global electric vehicle market.","tickerSymbol":"CSE:FNI","sameAs":[],"image":"https://investingnews.com/media-library/image.jpg?id=51550620&width=980","logo":"https://investingnews.com/media-library/image.jpg?id=51550620&width=210"} Company Profile Year-to-date gain: 34.78 percent; market cap: C$19.53 million; current share price: C$0.115Exploration-stage Fathom Nickel says its mission is to target magmatic nickel sulfide discoveries to support the global electric vehicle market. The company’s Saskatchewan-focused portfolio includes the Albert Lake project, which holds nickel, copper and platinum-group metals (PGMs), and the Gochager Lake nickel-copper project. The 90,000 hectare Albert Lake project hosts the historic and past-producing Rottenstone deposit.Fathom kicked off its winter exploration program at Albert Lake during the first week of February. According to the company, the first hole will target a "very strong, very prominent conductor dominating the northeastern section of the figure." Fathom will also aim to further test and potentially find the source of a multi-element soil geochemical anomaly at the Tremblay-Olson claims area. It plans to complete five to seven drill holes to that end. The company’s share price has moved from C$0.12 at the start of the year to a year-to-date high of C$0.21. Buy now , 3. Sama Resources (TSXV:SME) {"@context":"https://schema.org","@type":"Corporation","name":"Sama Resources","url":"https://www.samaresources.com","description":"Sama Resources Inc is a mineral exploration and development company. Its exploration asset includes Samapleu properties located in the Republic of Cote d'Ivoire, West Africa.","tickerSymbol":"TSXV:SME","sameAs":[]} Press Releases Company Profile Year-to-date gain: 20 percent; market cap: C$25.31 million; current share price: C$0.12Sama Resources’ focus is on the Samapleu nickel-copper-PGMs project in Côte d’Ivoire, West Africa, which includes the Samapleu and Grata deposits. Samapleu is a joint venture between Sama (70 percent) and Ivanhoe Electric (30 percent); Ivanhoe Electric has the option to purchase up to a 60 percent interest in the project. In the first few weeks of the year, Sama has already dropped a few press releases. The company shared highlights from its ongoing 3,800 meter winter drilling program at the Yepleu prospect. Importantly, the work has confirmed that newly discovered nickel-copper-PGMs mineralization measures 500 by 400 meters, is near surface and open in all directions. Drill results from the program so far include drill hole S-349, which intersected 53 meters of combined mineralization layers grading 0.29 percent nickel, including 2.6 meters at 1.31 percent nickel and 0.95 percent copper. Sama’s share price started off the year at C$0.11 before jumping to a year-to-date high of C$0.14 on February 12. Buy now , 4. FPX Nickel (TSXV:FPX) {"@context":"https://schema.org","@type":"Corporation","name":"FPX Nickel","url":"https://fpxnickel.com/","description":"Exploring and Developing the High-Margin Baptiste Nickel Project in in Canada\n","tickerSymbol":"TSXV:FPX","sameAs":["https://twitter.com/fpx_nickel"],"image":"https://investingnews.com/media-library/otxqb-fpocf.png?id=27887947&width=980","logo":"https://investingnews.com/media-library/otxqb-fpocf.png?id=27887947&width=210"} Press Releases Company Profile Year-to-date gain: 13.33 percent; market cap: C$93.15 million; current share price: C$0.34FPX Nickel is developing its flagship development-stage Baptiste nickel project in the Decar Nickel District of BC. The property is host to four targets, including the Baptiste deposit and the Van target, the former of which is the company’s primary target. The company is targeting both the stainless steel and battery-grade nickel markets. FPX Nickel is currently conducting environmental baseline activities, and preparing for a feasibility study at Baptiste. In late January, the company announced a C$14.4 million strategic investment from Sumitomo Metal Mining Canada, which is a wholly owned subsidiary of Sumitomo Metal Mining (TSE:5713).Through CO2 Lock, its majority owned subsidiary, FPX Nickel is pursuing carbon capture and storage technology as a means of lowering the carbon footprint associated with mining battery metals. In late February, CO2 Lock completed the first-ever successful injection of CO2 into a brucite-rich ultramafic mineral project as a part of a comprehensive field program taking place at its SAM site in Central BC. “This achievement marks a significant milestone in the development of CO2 Lock's innovative in-situ CO 2 mineralization technology,” states a press release.Shares moved from a year-to-date low of C$0.27 in mid-January to a year-to-date high of C$0.40 on February 5. Buy now , 5. Canada Nickel (TSXV:CNC) {"@context":"http://schema.org","@type":"Corporation","name":"Canada Nickel","url":"https://canadanickel.com/","description":"Delivering the Next Generation of Nickel","tickerSymbol":"TSXV:CNC","sameAs":["https://twitter.com/CanadaNickel"],"image":"https://investingnews.com/media-library/canada-nickel-tsxv-cnc.jpg?id=28029414&width=980","logo":"https://investingnews.com/media-library/canada-nickel-tsxv-cnc.jpg?id=28029414&width=210"} Press Releases Company Profile Year-to-date gain: 11.2 percent; market cap: C$240.57 million; current share price: C$1.39Canada Nickel Company has honed its efforts on its wholly owned flagship Crawford nickel sulfide project in Ontario’s productive Timmins Mining Camp. A bankable feasibility study demonstrates a large-scale nickel deposit with a mine life of 41 years, an after-tax net present value of US$2.5 billion and an internal rate of return of 17.1 percent. The company has said it is targeting both the electric vehicle and stainless steel markets. A few big-name companies hold significant ownership positions in Canada Nickel, including Agnico Eagle Mines (TSX:AEM,NYSE:AEM), which holds an 11 percent stake, and Anglo American (LSE:AAL,OTCQX:AAUKF), which has a 7.6 percent stake. In February of this year, battery and electronic materials manufacturer Samsung SDI (KRX:006400) made an equity investment of US$18.5 million for an 8.7 percent ownership stake in the company.Canada Nickel’s share price was trading at C$1.14 before jumping to a year-to-date high of C$2.24 on January 16.In early February, the company shared that its wholly owned subsidiary, NetZero Metals, is planning to develop a nickel-processing facility and stainless steel and alloy production facility in the Timmins Nickel District. Canada Nickel’s share price had slid to C$1.35 on February 5 before rising up to C$1.46 on February 9 following the news.Later in the month, Canada Nickel shared successful results from initial infill drilling at its 100 percent owned Bannockburn property, and announced a new discovery at the Mann property. Mann is a joint venture with Noble Mineral Exploration (TSXV:NOB,OTCQB:NLPXF) in which Canada Nickel can earn an 80 percent interest. Buy now , ​FAQs for nickel investing How to invest in nickel? There are a variety of ways to invest in nickel, but stocks and exchange-traded products are the most common. Nickel-focused companies can be found globally on various exchanges, and through the use of a broker or a service such as an app, investors can purchase companies and products that match their investing outlook.Before buying a nickel stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it's critical to complete due diligence before making any investment decisions.Nickel stocks like those mentioned above could be a good option for investors interested in the space. Experienced investors can also look at nickel futures. What is nickel used for? Nickel has a variety of applications. Its main use is an alloy material for products such as stainless steel, and it is also used for plating metals to reduce corrosion. It is used in coins as well, such as the 5 cent nickel in the US and Canada; the US nickel is made up of 25 percent nickel and 75 percent copper, while Canada's nickel has nickel plating that makes up 2 percent of its composition. Nickel's up-and-coming use is in electric vehicles as a component of certain lithium-ion battery compositions, and it has gotten extra attention because of that purpose. ​​Where is nickel mined? The world's top nickel-producing countries are primarily in Asia: Indonesia, the Philippines and New Caledonia make up the top three. Rounding out the top five are Russia and Canada. Indonesia's production stands far ahead of the rest of the pack, with 2023 output of 1.8 million MT compared to the Philippines' 400,000 MT and New Caledonia's 230,000 MT. Significant nickel miners include Norilsk Nickel (OTC Pink:NILSY,MCX:GMKN), Nickel Asia, BHP Group (NYSE:BHP,ASX:BHP,LSE:BHP) and Glencore (LSE:GLEN,OTC Pink:GLCNF). Don’t forget to follow us @INN_Resource for real-time news updates!Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: Canada Nickel, FPX Nickel and Noble Mineral Exploration are clients of the Investing News Network. This article is not paid-for content.

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