Analysts' Ideas of the Week
Glencore Investment & Updates from Energy Storage, Gold, and Silver Companies
ByFRC Analysts
Disclosure: Articles and research coverage are paid for and commissioned by issuers. See the bottom for other important disclosures, rating, and risk definitions, and specific information.
Highlights
*Disseminated on behalf of Denarius Metals, Kidoz Inc., Enterprise Group, Fortune Minerals, Panoro Minerals, Chilean Cobalt, Southern Silver Exploration, Monument Mining, Doubleview Gold, Power Metallic Mines, MetalQuest Mining, Coniagas Battery Metals, and Energy Vault Holdings. See the bottom of this report for other important disclosures.
Last week, several companies we cover reported notable developments, including global expansion by an energy storage firm, strong Q1 results from a gold producer, Glencore’s strategic investment in a cobalt junior, and new financing activities.
Denarius Metals (CBOE: DMET), which rose 24% last week, topped our list of top picks. Over the past year, our Top Picks have returned an average of 87%, outperforming the benchmark’s 52% gain. Visit our website to view the full list of Top Picks by sector.
*Past performance is not indicative of future performance.
Updates on Resource Companies Under Coverage
Chilean Cobalt Corp.
PR Title: Closes a US$3M private placement led by Glencore (LSE: GLEN)
Analyst Opinion: Positive – This represents a major vote of confidence in COBA’s projects. Last month, COBA entered into an offtake agreement with Glencore for 100% of future cobalt and copper production from its copper–gold projects in Chile. Proceeds from this financing will fund exploration at COBA’s La Cobaltera and El Cofre projects, and support consolidation of land packages in the region to create a district-scale asset. La Cobaltera is a historic high-grade cobalt producer, while El Cofre hosts two copper–cobalt–gold prospects with drill-ready targets. Upcoming catalysts include a maiden resource estimate in 2026, and a Preliminary Economic Assessment (PEA) in 2026–2027.
Southern Silver Exploration Corp.
PR Title: Announces a $5M private placement
Analyst Opinion: Positive – This financing follows the recent discovery of near-surface, bonanza-grade silver-lead-zinc mineralization from initial drilling on the newly acquired Puro Corazon claim at the CLM project in Mexico. Highlights include 10.5 m of 1,115 g/t AgEq, and 3.4 m of 1,982 g/t AgEq. As mentioned in our note last week, we believe SSV is a compelling acquisition target, supported by its large resource, robust economics, strong cash position, and favorable silver market conditions.
Monument Mining Limited
PR Title: Reports Q1 results and initial drill results at the Selinsing gold mine in Malaysia (QP: Mark Shelverton BSc (Hons), Chief Managing geologist of Monument Mining)
Analyst Opinion: Positive – Gold production rose 62% YoY to 13 Koz, driven by higher throughput, improved recoveries, and higher gold grades, beating our estimate by 20%. EPS rose 250% YoY to US$0.03, beating our estimate by 14%. Results from an expansion drill program were highly encouraging: 11 out of 16 holes returned significant gold grades, confirming potential for resource expansion and extending the mine life. Key intercepts include: 5 m @ 6.33 g/t Au, 8 m @ 2.17 g/t Au, and 22 m @ 0.86 g/t Au. We will produce a detailed updated report shortly.
Doubleview Gold Corp.
PR Title: Completes 2025 drill program at the Hat project in B.C. (QP: Erik Ostensoe, P.Geo., Consulting Geologist, Doubleview Gold)
Analyst Opinion: Positive – All 19 holes intersected mineralization, including a very wide intercept of 438 m at 0.40% CuEq, expanding the mineralized envelope of the Hat deposit 200–300 m down-dip, and 100 m laterally, and identifying a mineralized horizon (>400 m × 450 m) beneath the open-pit shell. We believe these results will positively impact an upcoming resource update, and PEA. The Hat project hosts an open-pittable, polymetallic porphyry deposit with total resources of 5 Blbs CuEq, uniquely enriched in scandium and cobalt.
Power Metallic Mines Inc.
PR Title: Additional results from a summer drill program at the Nisk project in Quebec (QP: Joseph Campbell, P.Geo., VP Exploration at Power Metallic)
Analyst Opinion: Positive – Three holes at the Lion zone returned high-grade mineralization, including 4.4 m of 12.18% Cu within 20.4 m of 2.91% Cu, expanding a high-grade zone at depth. Drilling at Nisk East intersected modest Ni-Cu-Pd mineralization. Follow-up drilling is planned to further test high-potential targets. The Nisk project comprises three mineralized zones: the high-grade polymetallic Lion zone, the nickel-rich Nisk Main deposit, and the recently discovered polymetallic Tiger zone. Following a $50M equity raise earlier this year, the company is well-capitalized, and plans to continue drilling at the Lion and Tiger zones in advance of a potential maiden resource estimate next year.
PR Title: Announces a $1M private placement
Analyst Opinion: Positive – Proceeds will primarily be used to advance exploration at the recently staked 27,425 ha early-stage iron project in the Labrador Trough, Quebec. This project adjoins the company’s 100%-owned Lac Otelnuk project, one of North America’s largest undeveloped high-purity iron deposits.
Coniagas Battery Metals Inc
PR Title: Announces a $1M private placement
Analyst Opinion: Positive – Proceeds will be used to advance the company’s 100%-owned Graal project in Quebec, which shows potential for hosting Class 1 nickel, a critical component for lithium-ion batteries in electric vehicles.
