Big Financing, High Grades & a Q4 Beat — Top Picks Shine

The NeoRe project could host an ionic adsorption clay (IAC) deposit. IAC deposits are important because they are the main source of heavy rare earths like Terbium and Dysprosium, and they are relatively cheap to mine. These deposits are common in China, the world’s main producer of rare earths, but rare elsewhere. The Western world is looking for domestic sources of rare earths to reduce reliance on China. Early drilling at NeoRe showed promising rare earth values in the first 60 m, and surface samples from new areas had over 500 ppm, typical for this type of deposit. Management is waiting for full results, which will give more insight into the potential of this early-stage project.

This financing follows a promising development in December 2025, when the company received non-binding letters of interest from the U.S. Export-Import Bank (EXIM), raising potential debt financing to US$2.07 B (up from US$0.90 B). Funds will be used to build GPH’s proposed Alaska graphite mine, and an Ohio treatment plant, to produce battery anode materials and other refined graphite products. GPH’s Graphite Creek project in Alaska is the largest known graphite deposit in the Americas, supporting the company’s goal of building a U.S.-based graphite supply chain. The U.S. currently imports 100% of its graphite and considers it a critical mineral, creating strong domestic demand.

After strong results from the first hole earlier this month, a second hole also returned promising values: 11 m averaging 1.05% nickel and 0.33% copper, with some zones up to 4.79% nickel and 1.25% copper. Typical nickel grades are 0.2–1.0%, so these results are high-grade. Higher grades usually mean more metal can be produced at lower cost. The results also suggest the mineralization is continuous, which could allow TN to upgrade its resources from low-confidence to higher-confidence categories. Drilling will continue deeper, potentially increasing the mineable resource.

TN also added 11 more claims, bringing its Turtle Pond polymetallic project to 3,375 hectares. Turtle Pond, 70 km east of Kenbridge, is prospective for nickel, copper, and cobalt. So far, 12 trenches show mineralization along a 700 m trend, and past drilling hit high-grade nickel up to 4.53%. TN plans more sampling and drilling this year to see how much metal is really there.

The Mohave gold-silver project includes the past-producing Rosebud mine, giving it an advantage since previously mined sites are usually easier to develop. KGS now has a permit to explore beyond the old mine, and a recent 3D survey highlighted several promising drilling targets. The company plans a drilling program, followed by an independently verified resource estimate (NI 43-101) to confirm the project’s gold and silver potential.