Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$97,312.90 a 6.5 percent increase in 24 hours. Its highest valuation of the day so far was US$103,019, while its lowest was US$94,613.84.

Bitcoin price performance, November 14, 2025.

Chart via TradingView

Bitcoin’s tumbled on Friday, which saw it break below US$95,000 has deepened concerns that the cryptocurrency is now entrenched in a bear market.

The drop, down 8 percent on the day and over 24 percent from its recent peak of US$126,200, has been fueled by a combination of expiring derivatives, whale selling, and declining institutional and retail demand. Over the past 24 hours, more than US$1.24 billion in crypto longs were liquidated, according to CoinGlass data.

Thus, analysts are framing Q4 as potentially “the worst fourth quarter on record” for Bitcoin. Technical indicators support this sentiment. CryptoQuant’s Bull Score Index highlights that 8 out of 10 key metrics are bearish, pointing to declining stablecoin liquidity, waning network activity, and capital exiting derivatives markets.

Market structure in perpetual futures also favors sellers. While open interest has risen since the October 10 liquidation event, cumulative volume delta data shows sellers dominating, with US demand declining as the Coinbase premium dips into negative territory.

With risk sentiment nearing multi-month lows, the coming weeks and the quarter’s tail end may define whether the crypto market stabilizes or continues its downward spiral.

Meanwhile, Ether (ETH) was priced at US$3,204.59, a 6.7 percent decrease in the last 24 hours. Its highest valuation of the day was US$3,440.53, while its lowest was US$3,078.56.

Altcoin price update

• Solana (SOL) was priced at US$142.35, down by 8.6 percent over the last 24 hours. Its highest valuation of the day was US$155.17, while its lowest was US$136.26.

• XRP was trading for US$2.29, down by 7.8 percent over the last 24 hours. Its highest valuation of the day was US$2.49, while its lowest was US$2.23.

Fear and Greed Index snapshot

Chart via CoinMarketCap

Bitcoin’s bearish trajectory has pushed market sentiment into extreme fear. As of today, CMC’s Crypto Fear & Greed Index continues to trend in extreme fear territory with the indicator sitting at 22, marking the lowest levels of investor confidence since March and signaling that traders are highly cautious about entering the market.

Today’s crypto news to know

Bitcoin ETFs face US$870 million outflow

Bitcoin fell below US$95,000 for the first time in six months as investors withdrew US$870 million from Bitcoin-focused exchange-traded funds.

The retreat follows a broader market correction that has erased more than US$1 trillion from total crypto capitalization since mid-October, including US$19 billion in liquidations on October 10. Leveraged crypto positions continue to unwind, with over US$1.3 billion wiped out in the past 24 hours, according to CoinGlass data.

Analysts expect volatility to persist until broader participation beyond Bitcoin and Ether improves market stability.

Alibaba builds tokenized payment system

Alibaba is developing a stablecoin-like system to streamline cross-border payments for its US$35 billion e-commerce network, aiming for a year-end launch.

The tokenized platform will initially support USD and EUR and will include further plans to expand to additional currencies using JPMorgan’s tokenization technology.

Under the system, AI-driven smart contracts will automate settlements, dispute resolution, and conditional fund releases to reduce friction in B2B transactions. The system will operate alongside Alibaba’s Agentic Pay rail to enhance speed and transparency.

hile not a formal stablecoin, the solution acts as a fiat-backed digital token for settlement purposes.

UAE law tightens crypto access

The UAE has enacted a new Central Bank law that broadens licensing requirements for financial services, effectively criminalizing unlicensed crypto activity.

Article 170 imposes penalties, including fines up to AED 500 million (US$136 million) and imprisonment, for offering financial products without authorization.

Self-custody tools, such as Bitcoin wallets, blockchain explorers, and market-data services, now fall under the licensing net, creating compliance challenges for providers inside and outside the UAE.

Article 61 further restricts promotion, marketing, or publication of unlicensed financial activities, affecting even online communications.

Under the new legislation, companies have a one-year window to comply, subject to Central Bank discretion.

Consequences for hemp businesses and consumers

Market participants predict that most hemp businesses could be forced to close or radically change their business models due to these restrictions.

“Millions of people across the country use hemp products as part of their wellness routine,” Karazin said. “They rely on them to feel balanced and manage day-to-day stress in a safe, legal way.

If regulated hemp products sold by trustworthy companies are pulled from the shelves, Karazin argues that consumers may turn to unregulated markets. “Eliminating them entirely doesn’t protect consumers, it only forces them to look for alternatives in unregulated markets where safety isn’t guaranteed.”

He advocates for less stringent measures.“A smarter path would be to let states continue setting and enforcing safety standards while Congress works with the industry to establish long-term clarity instead of another cycle of uncertainty.”

Investment implications

Market participants predict that most hemp businesses could be forced to close or radically change their business models due to these restrictions.

“Millions of people across the country use hemp products as part of their wellness routine,” Karazin said. “They rely on them to feel balanced and manage day-to-day stress in a safe, legal way.

If regulated hemp products sold by trustworthy companies are pulled from the shelves, Karazin argues that consumers may turn to unregulated markets. “Eliminating them entirely doesn’t protect consumers, it only forces them to look for alternatives in unregulated markets where safety isn’t guaranteed.”

He advocates for less stringent measures.“A smarter path would be to let states continue setting and enforcing safety standards while Congress works with the industry to establish long-term clarity instead of another cycle of uncertainty.”

This week’s tech sector performance

This past week highlighted the balancing act between fiscal policy progress, macroeconomic uncertainties and sector-specific pressures, setting the stage for cautious navigation as markets brace for more data and policy signals ahead.

Market action started with notable optimism as US futures jumped on Monday (November 10) in anticipation of the Senate’s passage of a new spending bill, ending the government shutdown and reopening the door for delayed economic data releases. The relief rally saw major indexes close higher; however, Tuesday’s (November 11) weaker-than-expected ADP employment report reignited concerns over labor market softness.

Wednesday (November 12) brought further clarity as the House approved the spending legislation, solidifying government funding. This helped global markets rally, though comments from Federal Reserve officials underscored ongoing vigilance against inflation, tempering exuberance and keeping gains in check.

Meanwhile, news of SoftBank’s (OTC Pink:SOBKY) sizable sale of its NVIDIA (NASDAQ:NVDA) holdings and Michael Burry’s US$1.1 billion “big short” bet against artificial intelligence (AI) stocks via put options on NVIDIA and Palantir Technologies (NASDAQ:PLTR) added pressure on AI-driven tech stocks.

Mixed earnings reports midweek also set the tone for an uneven performance in the tech sector.

CoreWeave (NASDAQ:CRWV) and Applied Materials (NASDAQ:AMAT) both reported disappointing results relative to expectations, with CoreWeave’s revenue guidance trimmed due to data center delays and Applied Materials seeing year-over-year revenue declines despite an earnings beat.

Despite posting record revenues fueled by AI chip demand, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) saw some profit taking amid cautious outlook commentary. Analysts also noted that the company’s revenue growth rate slowed in Q3 compared to previous quarters, tempering enthusiasm.

Conversely, Advanced Micro Devices (AMD) (NASDAQ:AMD) delivered a strong beat with robust revenue and earnings, which was met with enthusiasm from investors in extended trading on Tuesday and into Wednesday’s open.

On Thursday (November 13), Canada unveiled its next tranche of major infrastructure projects, signaling long-term investment potential, but the market reaction was mixed amid incomplete detail and broader investor caution.

Futures dipped ahead of the session, and a pronounced selloff in big tech names weighed heavily on equity benchmarks, which led to a premarket decline on Friday (November 14).

However, early losses gave way to a rebound, led by strong gains in NVIDIA shares. Investors viewed the dip as a buying opportunity for expensive names, despite earlier concerns over stretched AI stock valuations. NVIDIA, which initially fell 3.4 percent, surged back in afternoon trading, pulling the broader market upward.

3 tech stocks moving markets this week

1. Advanced Micro Devices (NASDAQ:AMD)

AMD reported strong quarterly results on Tuesday, exceeding revenue and earnings expectations driven by robust demand for its next-generation chips across data centers and gaming segments.

Revenue rose 12 percent year-over-year, supported by growth in AI-related processors and expansion into new enterprise markets. AMD also raised its full-year guidance, signaling confidence in sustained momentum amid increased adoption of AI and advanced computing technologies.

The market reacted positively, with AMD shares pushing the Nasdaq higher on Wednesday morning. Its share price climbed over 2.40 this week to close at US$247.96.

2. Cisco Systems (NASDAQ:CSCO)

Cisco also reported a strong earnings beat, with revenue rising 8 percent year-over-year to US$14.9 billion and non-GAAP EPS increasing 10 percent to US$1.00 for the first-quarter fiscal 2026 period, surpassing analyst expectations.

The company cited robust demand for AI-related networking products and a multi-year campus refresh opportunity, which led it to raise its full-year revenue forecast above prior estimates.

This positive outlook and solid performance drove Cisco shares to a 25-year high, with the stock outperforming the broader tech sector on Thursday, signaling investor confidence in the company’s growth trajectory amid accelerating AI adoption. Its share price closed 8.7 percent higher at US$78 on Friday.

3. NVIDIA (NASDAQ:NVDA)

NVIDIA staged an impressive comeback on Friday after starting the day with a steep loss.

The stock bounced from a low near US$180.58 to a high of US$191.01, driven by renewed investor optimism amid projected ongoing demand for its AI and data center chips.

Despite recent volatility and market concerns about stretched AI valuations, NVIDIA’s critical role in the AI revolution and anticipation of strong upcoming earnings helped fuel buying momentum. It closed at US$190.17, a 2.54 percent decrease for the week but an improvement from an earlier decline.

AMD, NVIDIA and Cisco Systems performance, November 10 to 14, 2025.

Chart via Google Finance.

Top tech news of the week

• Cleo, a Canadian legal software provider, has secured C$500 million in a funding round led by New Enterprise Associates and included other existing investors. The new funds elevate its valuation from C$3 billion to C$5 billion, making it one of Canada’s most valuable tech startups.

Tech ETF performance

Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 4.62 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly loss of 4.73 percent.

The VanEck Semiconductor ETF (NASDAQ:SMH) decreased by 3.55 percent.

Tech news to watch next week

Next week, investors will be scrutinizing earnings reports from Palo Alto Networks (NASDAQ:PANW) and AI bellwether NVIDIA on November 19, with analysts projecting revenue of US$2.46 billion and US$54.9 billion, respectively.

Also, traders may finally begin receiving some important economic data releases after a recent lull, though some readings could still be delayed as statistical agencies update their schedules and catch up following recent disruptions.

The US ADP unemployment report for November, due on November 18, will shed some light on the state of the job market ahead of the release of Federal Reserve minutes from its October meeting on November 19.

November 20 could bring the first initial jobless claim in over five weeks, while this week’s release of the consumer sentiment survey from the University of Michigan will reveal updated consumer confidence levels.

Bullet briefing — New Orleans takeaways

For our bullet briefing this week, I want to share a few highlights from the New Orleans Investment Conference, which our team attended from November 2 to 5.

At the time, the gold price was around US$4,000 and the silver price was in the US$48 dollar range, and my main takeaway from the experts I heard from was that the pullback would be temporary.

Given this week’s price activity, it looks like that idea is already being proven right. That said, it’s worth noting that most of the people I heard from weren’t expecting such a quick turnaround — in general, the consensus was that prices could remain at lower levels for weeks or months, with some saying gold could fall as low as US$3,600.

Does that mean a deeper correction is coming? Time will tell…

On that note, another topic that came up at the event frequently was taking profits. Quite a few people discussed how they did some trimming in October, when gold and silver prices were really running, and then put the money to work in other parts of the market.

For example, Rick Rule of Rule Investment Media talked about how he sold 25 percent of his junior gold stocks at that time. Here’s how he explained his decision:

‘We were in a period five weeks ago where there were no asks, there were all bids. And I’ve learned in the market to do what’s easy. If there’s no bids, be a bid. If there’s no asks, be an ask. And the sector was white hot. There were so many junior financings, and when a company’s financing, they’re telling you that your cash is worth more than their stock. Well, they should know what their stock is worth. Since they were selling, I decided I would sell some too.

‘But what was most important to me was personal. I’ve been a heavy investor in the sector since 2020, and I was at a period of time where I could, by selling a quarter of my position, recoup all of my capital and pay the capital gains tax and have the rest for free. I can be very patient with that remaining 75 percent.’

He redeployed the cash he got from selling gold juniors into physical gold, Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and oil and gas stocks.

Finally, while I’m always keen to understand what’s happening now, I also wanted to use this conference to start talking about what sectors will do well in 2026.

I asked almost all of my interviewees what they think next year’s top-performing asset will be, and I was surprised to get a fairly wide variety of responses.

Precious metals were definitely mentioned, with multiple people saying that while silver has made impressive moves this year, it hasn’t truly had a chance to shine.

But copper was also brought up numerous times, as was uranium. And I got a couple of outlier responses, including emerging markets, which Peter Schiff of Euro Pacific Asset Management discussed, and oil and gas, which Rule said would be his pick for top-performing asset in terms of risk to reward.

Rule also highlighted small-scale community banks in the US.

You can view the full New Orleans Investment Conference playlist here.

What’s next for the gold price?

From there, panel moderator and well-known investor Rick Rule, proprietor at Rule Investment Media, emphasized that the recent pullback in gold is minor in the context of a much larger, long-running bull market.

Rule agreed with Roy-Byrne’s distinction between cyclical dips and broader secular trends, noting that many investors seem rattled by what is essentially a normal fluctuation.

He pointed out that gold is still up dramatically over the past year, and that past cycles have seen far sharper drops — including a 50 percent decline in 1975 — that ultimately didn’t break the long-term trend.

Noting that precious metals cycles tend to follow a familiar pattern, beginning with strength in gold and moving outward into other segments, Rule asked the panel participants which companies in the gold sector — explorers, developers or potential M&A targets — are now best positioned as the market progresses.

For Hodge, exploration and brownfields development are a strong choice as the precious metals cycle evolves.

He noted that the VanEck Gold Miners ETF (ARCA:GDX) outperformed gold over the summer, prompting some investors to take profits and rotate capital into earlier-stage opportunities — momentum he expects to continue.

Hodge added that market cycles now move faster due to the speed of information, accelerating the shift from producers to companies further down the value chain as miners look to replace reserves.

Additionally, he pointed to a growing influx of risk-tolerant investors who cut their teeth in crypto and are increasingly drawn to gold and mining equities as they learn about fiat currency and counterparty risk. Their appetite for speculation, he said, is likely to push more capital into smaller, higher-risk exploration names over the next year.

Shaigec echoed Hodge’s sentiment.

“I agree there’s a lot of speculative money that has yet to rotate over to precious metals,” she said.

“I’m seeing a lot of oversubscribed private placements. I just think that juniors are still the place to be. There’s some grassroots exploration, which actually hit an all-time low in 2023, and we’ve still had decades of lack of investment in exploration. We have a lot of room yet to run there,’ Shaigec added.

Roy-Byrne advised watching silver, underscoring the value that gold’s sister metal has yet to gain.

“Silver, after this correction, has a chance to make a historic move,” he told the audience. “We’re probably going to see a lot of money jump in next year when that happens.”

Referring to an analogy he once heard, Phillips compared a precious metals bull market to the crack of a whip: producers move first, followed by mid-tier and single-asset developers, with exploration companies snapping into action at the very end. In his view, the market is only just reaching that final stage, and explorers have yet to see real upside.

Phillips also echoed other panelists’ comments that younger crypto investors are becoming more aware of inflation, money printing and the value of hard assets.

That shift, he said, is already showing up in unconventional moves, from stablecoin companies buying gold royalties to major tech firms and even governments directing capital into mining-related assets.

All of that suggests the speculative end of the sector is only beginning to come alive, he said.

Expert stock picks — Gold, silver, copper, nickel and uranium

Toward the end of the discussion, Rule asked each panelist to provide stock picks for the attentive audience.

First was Lundin, who praised the list of more than 100 exhibitors at the 51st New Orleans Investment Conference.

He recommended Delta Resources (TSXV:DLTA,OTCQB:DTARF), highlighting its “large, still undefined, gold resource in the Thunder Bay region.” He also likes Getchell Gold (CSE:GTCH,OTCQB:GGLDF), a company focused on gold in Nevada, and Seabridge Gold (TSX:SEA,NYSE:SA), which he dubbed a “permanent optionality play.”

For Phillips, Empress Royalty’s (TSXV:EMPR,OTCQB:EMPYF) management team, cashflow-positive status and focus on gold and silver puts the company at the top of his list.

Almadex Minerals (TSXV:DEX,OTCQX:AAMMF), where management has a history of finding multimillion-ounce deposits, and prospect generator Headwater Gold (CSE:HWG,OTCQB:HWAUF), were also among his stock selections.

Shaigec veered away from precious metals in recommending SPC Nickel (TSXV:SPC,OTCQX:SPCNF), a company with good geology and a management team that owns 36 percent of the firm’s shares.

She also mentioned Pacifica Silver (CSE:PSIL,OTCQB:PAGFF) citing the company’s recent private placement, which included First Majestic Silver (TSX:AG,NYSE:AG). Her last stock pick and “absolute favorite” is Camino Minerals (TSXV:COR,OTCID:CAMZF), a Peru-focused copper company with good management.

Rounding out the list were Hodge’s selections, starting with Northshore Uranium (TSXV:NSU) due to its US deposit. He also chose Kincora Copper (TSXV:KCC,OTCQB:BZDLF), citing its small market cap, strong investor interest and robust portfolio, and Kingsmen Resources (TSXV:KNG,OTCQX:KNGRF), a company that has seen its share price grow from C$0.25 to C$0.75 in the last year.

Markets and commodities react

Canadian equity markets were mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) rose 1.89 percent over the week to close Friday (November 14) at 30,326.46.

Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) rebounded to gain 1.33 percent to 879.88. The CSE Composite Index (CSE:CSECOMP) had another bad week, plunging 9.01 percent to close at 150.19.

The gold price rose significantly this week, climbing from its open of US$4,000 to US$4,243 by Thursday morning. However, it pulled back to end the week up 2.01 percent at US$4,080.64 per ounce by 4:00 p.m. EST Friday.

The silver price performed even better. After opening at US$48.35, it tested all-time highs at US$54.31 Thursday before ultimately ending the week up 4.57 at US$50.56.

Meanwhile, in base metals, the copper price gained 1.79 percent to US$5.11 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) rose 1.28 percent to end Friday at 559.27.

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 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Adex Mining (TSXV:ADE)

Weekly gain: 157.14 percent
Market cap: C$40.63 million
Share price: C$0.09

Adex Mining is an exploration company that holds a 100 percent stake in the Mount Pleasant project in Southwest New Brunswick, Canada.

The property contains two main deposits: the Fire Tower zone, which hosts tungsten and molybdenum mineralization, and the North zone, which hosts tin, zinc and indium.

The asset consists of 102 mineral claims covering 1,600 hectares, as well as equipment and facilities from historic mining operations conducted by BHP (ASX:BHP,NYSE:BHP,LSE:BHP) between 1983 and 1985.

According to its most recent investor presentation released on June 11, the property hosts the world’s largest indium reserve and North America’s largest tin deposit. Indicated resources for the North zone demonstrated contained metal values of 47 million kilograms of tin, and 789,000 kilograms of indium from 12.4 million metric tons with average grades of 0.38 percent tin and 64 parts per million indium.

Additionally, the company engaged Moneta Securities in June to oversee selling the mine following a strategic review.

Adex has not released news in the past week. However, its Fire Tower zone bears similarities to Northcliff’s Sisson tungsten-molybdenum project in New Brunswick, which the Canadian government referred to the Major Projects Office on Thursday.

2. Trident Resources (TSXV:ROCK)

Weekly gain: 118.82 percent
Market cap: C$42.58 million
Share price: C$1.86

Trident Resources, formerly Eros Resources, is a gold and copper exploration company focused on projects in Saskatchewan, Canada.

A three-way merger in early 2025 between Eros Resources, MAS Gold and Rockridge Resources allowed the companies to consolidate a portfolio of assets in Saskatchewan, including the Contact Lake and Greywacke gold projects in the La Ronge gold belt as well as the Knife Lake copper project.

Its primary focus has been on its flagship Contact Lake gold project, a 21,440 hectare property located near La Ronge, Saskatchewan. The project hosts four primary deposits: Contact Lake, Preview SW, Preview North and North Lake.

On Wednesday (November 12), the company released assay results from diamond drilling at Contact Lake, the first exploration conducted on the property in nearly 30 years. Highlights from the initial three holes included one hole with 7.03 grams per metric ton (g/t) gold over 43.25 meters, including an intersection of 30.06 g/t gold over 9.25 meters.

The company noted that, while it was still in the early stages of exploration at the property, it was encouraged by results that bore similarities to early results of other significant high-grade discoveries in the region.

3. Northcliff Resources (TSX:NCF)

Weekly gain: 116.22 percent
Market cap: C$279.18 million
Share price: C$0.4

Northcliff Resources is a development and exploration company advancing its Sisson tungsten-molybdenum project in New Brunswick, Canada.

The 14,140 hectare property has seen extensive exploration dating back to the early 1980s.

A 2013 mineral reserve estimate demonstrated total proven and probable quantities of 22.2 million metric tons of tungsten oxide and 154.8 million pounds of molybdenum from 334.36 million metric tons of ore with average grades of 0.07 percent tungsten oxide and 0.02 percent molybdenum.

The project is currently in the development stage, and on Friday, it announced it was granted a five-year extension to the construction commencement timeline by New Brunswick’s Department of Environment and Climate Change. Construction is now anticipated to begin in December 2025.

The project was also one of six that were included in the second-tranche of Canadian nation-building projects referred to the Major Projects Office on Thursday. The inclusion on the list will give Northcliff access to a streamlined regulatory process and open funding assistance to facilitate the development of Sisson.

Commenting on the news, Northcliff Chairman, President and CEO Andrew Ing indicated the company is excited with its inclusion and that its goal is to contribute to building a resilient critical mineral supply chain.

The release also outlined significant financial funding received since the start of the year, including US$15 million from the US Department of Defense and C$8.21 million from Natural Resources Canada.

4. Canada Nickel (TSXV:CNC)

Weekly gain: 61.54 percent
Market cap: C$334.66 million
Share price: C$1.68

Canada Nickel is an exploration and development company advancing its flagship Crawford nickel sulphide project in Ontario, Canada.

The property consists of 116 crown patents and 150 single- and multi-cell mining claims covering an area of approximately 9,600 hectares near Timmins and has seen exploration dating back to the 1960s.

A feasibility study released in October 2023 demonstrated the project’s economics, with a post-tax net present value of US$2.48 billion and an internal rate of return of 17.1 percent.

The included ore reserve estimate reported proven and probable reserves of contained metal values of 3.7 million metric tons of nickel, 9.7 million metric tons of chromium, 215,000 metric tons of copper, 777,000 ounces of palladium, and 519,000 ounces of platinum.

The metal is contained in 1.72 billion metric tons of ore with average grades of 0.22 percent nickel, 0.57 percent chromium, 0.013 percent copper, 0.014 g/t palladium and 0.01 g/t platinum.

Shares in Canada Nickel rose sharply this week after Crawford was included in the second round of projects referred to the Canadian government’s Major Project Office.

In its release following the announcement, Canada Nickel’s CEO said that the company looks forward to working with the government and the MPO to secure financing and permits to begin construction at Crawford by the end of 2026.

He also stated that the project represents a secure, domestic supply of critical minerals, including nickel and North America’s only source of chromium.

5. Gold Terra Resources (TSXV:YGT)

Weekly gain: 57.89 percent
Market cap: C$51.71 million
Share price: C$0.15

Gold Terra is an exploration company advancing the Con Mine gold property in the Northwest Territories, Canada.

The project was initially acquired as part of a 2021 agreement with Newmont that gave Gold Terra the option to earn a 100 percent interest in the asset for meeting certain exploration milestones and regulatory approvals, along with a C$8 million cash payment to Newmont.

The agreement was then amended in September 2024, extending the timeline by 2 years to November 21, 2027.

The property consists of 138 mining leases and 165 claims covering a total area of 79,046 hectares and hosts the historic Con Mine, which produced more than 6.1 million ounces of gold.

A mineral resource estimate included in an October 2022 technical report demonstrated a total inferred resource of 1.21 million ounces of gold from 24.3 million metric tons with an average grade of 1.54 g/t gold.

Shares in Gold Terra gained this week after the company announced a C$6.3 million non-brokered private placement that included a new strategic investment from Franco-Nevada (TSX:FNV,NYSE:FNV) Co-Founder David Harquail and existing shareholder Eric Sprott.

The company said it will use proceeds for general corporate purposes and to fund a drilling program scheduled for January 2026 at the southern end of the Campbell Shear target at the Con Mine property. The program aims to expand the property’s indicated and inferred resources.

FAQs for Canadian mining stocks

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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