Welcome to Investing News Network’s weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resources sector.
The US-led war against Iran also hit the commodities sector last week.
Oil prices have been falling for most of the week, with Brent and West Texas Intermediate falling below US$100 a barrel. The decline began on Monday (March 23) as US President Donald Trump Withdrawn his 48 hour ultimatum Attacking Iranian energy facilities if the country did not allow shipments through the Strait of Hormuz.
Trump initially said Iran would have until Friday (March 27) to comply with his demands, but on Thursday (March 26), deadline extended An additional 10 days, as he said negotiations with Iran have been productive.
For its part, Iran claims that it has not talking With American representatives.
More broadly, the war has also had a cascading effect on the supply chains of other commodities. Qatar’s gas production comes under Iranian attack halved the country’s helium production. The liquefied gas is important for the operation of MRI scanners and semiconductor manufacturing, and Qatar is the second largest producer of helium. analysts suggest Helium prices may increase Prices have increased from an average of about US$500 to more than US$2,000 per thousand square feet over the past two years.
The uncertainty created by the continued closure of the Strait of Hormuz and inconsistent communications from the White House has played a significant role Volatility in Canadian markets.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was down 1.8 per cent as of Friday morning, led by a 3.6 per cent decline in Canadian resources equities and a 3.1 per cent decline in technology stocks.
Similarly, precious metals like the US dollar have also been affected Demand for safe haven increased. The rise comes amid concerns that the US Federal Reserve may keep interest rates unchanged for too long, or raise them if oil prices remain high amid the protracted war with Iran, raising the risk of inflation.
Also this week, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) announced on Thursday that it would cease operations At its Diavik diamond mine in the Northwest Territories of Canada. The mine has been in production for 23 years, produces over 150 million carats and contributes C$11.75 billion to the economy of the Northwest Territories.
The mine was also an important contribution to the community, creating over 1,000 jobs. Will be between 200 to 300 stay working By Rio Tinto because the mine has been closed.
Check out our top market news round-up for more on what’s moving the markets this week.
Top Canadian Mining Stocks This Week
How have mining stocks performed against this backdrop?
Below, take a look at the five best-performing Canadian mining stocks this week.
Stock data for this article was retrieved using TradingView on Friday at 4:00 pm EDT stock screener. Only companies with market caps over C$10 million on the TSX, TSXV and CSE are included. Mineral companies within the non-energy minerals, energy minerals, process industries and productive manufacturing sectors were considered.
1. Altura Energy (TSXV:ALTU)
Weekly Profit: 81.25 percent
market cap: C$16.02 million
Share Price: C$0.29
Altura Energy is a helium exploration and development company pursuing assets in Arizona, US.
The company has a 100 percent interest in the Pinta South project located in the Holbrook Basin. The property is spread over 10,600 acres and has seven shallow helium wells. The gas coming from the wells is free of hydrocarbons and contains 5 to 8 percent helium and the remainder nitrogen.
altura finalized its stake Company launches in Pinta South in September 2025 Selling helium to an offtake partner in November 2025 at a contracted price of US$350 per thousand cubic feet.
Altura on March 19 Two helium wells were re-completed With initial flow rates of 123,000 and 118,000 cubic feet per day.
The company also reported that it has completed additional field testing and diagnostics of the legacy infrastructure connecting the wells to the sites’ processing facilities. Altura discovered degradation in the exposed surface piping, leading to the temporary shutdown of all wells to implement a replacement program.
The company said repairs would take about eight weeks.
2. COSA Resources (CSE:COSA)
Weekly Profit: 77.46 percent
market cap: C$49.78 million
Share Price: C$0.63
Kosa Resources is a uranium explorer advancing a portfolio of properties in Canada’s Athabasca Basin.
Its projects include Orion, a 20,255 hectare property located 29 kilometers from Camco’s (TSX: CCO, NYSE: CCJ) Cigar Lake mine. Orion hosts approximately 25 kilometers of strike along the extension of the Larocque Lake trend.
Additionally, Kosa is collaborating on three projects with Dennison Mines (TSX:DML,NYSEAMERICAN:DNN). They cover an area of more than 20,000 hectares and include Murphy Lake North, Darby and Packrat.
On March 3, the company made an announcement expansion of its land holdings At Orion, a claim covering 1,564 hectares has been added on the southeastern portion of the property. Additionally, the company said it has increased its stake in Murphy Lake North by 345 hectares and its stake in Darby by 758 hectares.
Kosa on Tuesday (24 March) encountered unusual radioactivity In Murphy Lake North. Radioactivity readings of 13,900 counts per second were detected at a 5 meter intersection at a depth of 260 meters below the surface.
3. Helium Evolution (TSXV:HEVI)
Weekly Profit: 65.63 percent
market cap: C$28.03 million
Share Price: C$0.265
Helium Evolution is an exploration and development company focused on properties in Saskatchewan, Canada.
The company’s main focus is on its 40,000-acre Mankota property located adjacent to North American Helium. To date, the company has drilled 10 wells and made six helium discoveries.
It is currently focused on two targets, the Basal Sand Unit and the Early Sandstone.
Company on 2 February entered into a pooling agreement with North American Helium for the assets, which gives Helium Evolution a 49 percent stake in the operation, and North American controlling 51 percent.
The announcement also said the companies were going to run a 3D seismic program on neighboring properties. The program was planned for six weeks, with interpretation expected in the second quarter of 2026.
Helium Evolution shares saw a significant rise this week amid concerns over supply chain disruptions in the helium market, but the company did not release any news.
4. Bullion Gold Resources (TSXV:BGD)
Weekly Profit: 58.33 percent
market cap: C$10.11 million
Share Price: C$0.095
Bullion Gold Resources is an exploration company advancing its Bousquet Project in Quebec, Canada.
The site, located in Abitibi along the Cadillac Larder Lake fault, consists of 71 claims covering an area of 2,369 hectares. The property hosts seven gold shows, along with several magnetic targets. bosquet is currently under option by Olympio Metals (ASX:OLY), which could acquire up to an 80 per cent stake in the project.
bullion on monday received first test From the Phase 2 drill program at the Paquin Prospect in Bousquet. The results highlighted bonanza-grade gold of 41.81 grams per metric tonne (g/t) over 7.5 metres, including an interval of 60.36 g/t over 4.3 meters and 109.51 g/t over 2 metres.
The company said the results are the best ever and highlight the potential for high-end loads.
5. Electric Metals (USA) (TSXV:EML)
Weekly Profit: 65.63 percent
market cap: C$28.03 million
Share Price: C$0.265
Electric Metals (USA) is a minerals development company focused on advancing its flagship North Star Manganese Project in Minnesota, USA. According to the company, the property is the highest grade manganese resource in North America. It plans to produce high-purity manganese sulphate monohydrate for lithium-ion batteries.
In August 2025, Electric Metals Preliminary economic assessment released For the North Star. This represents an after-tax net present value of US$1.39 billion with an internal rate of return of 43.5 percent and a payback period of 23 months. The report also includes an updated resource estimate with an inferred resource of 7.6 million metric tonnes of ore grading 19.07 per cent manganese, 22.33 per cent iron and 30.94 per cent silicon, and an inferred resource of 3.73 million metric tonnes of ore grading 17.04 per cent manganese, 19.04 per cent iron and 30.03 per cent silicon.
The most recent news from Electric Metals came on March 16, when it announced it had agreed to sell its non-core silver assets in Nevada to Amirex (OTC:HIRU) for a total consideration of US$3.5 million in phased payments. Additionally, Electric Metals will retain 2.5 percent net smelter royalty.
The properties include the Corcoran and Belmont properties, which are based on federal claims and lease options on patented mining claims. The sale will allow Electric Metals to focus on advancing its North Star manganese project.
Don’t forget to follow us @INN_Resource For real-time updates!
Securities Disclosure: I, Dean Belder, do not have any direct investment interest in any of the companies mentioned in this article.
From articles on your site
Related articles on the web
