Investing News Network
- Top 5 Canadian Mining Stocks This Week: Getty Copper Gains 167 Percent (2026-03-20)
Welcome to the 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 resource sector.
On Monday (March 16), Statistics Canada released the consumer price index (CPI) report for February. The data showed that inflation cooled during the month, rising 1.8 percent year-on-year after rising 2.3 percent in January.
The agency said the cooling was largely due to increased prices in the latter half of February 2025 after the GST/HST holiday ended mid-month. Inflation for food prices, which were the primary target of the tax pause, were most affected by this downward pressure, with food from restaurants rising 7.8 percent in February compared to 12.8 percent in January, and food from stores rising 4.1 percent after 4.8 percent.
There were also significant declines in energy prices, with gasoline falling 14.2 percent, and natural gas decreasing 17.1 percent.
Lower inflation and a weak jobs report presented opposing views on the overall health of the Canadian economy, and, as analysts expected, the Bank of Canada maintained its benchmark interest rate at 2.25 percent when it met on Wednesday (March 18).
Bank Governor Tiff Macklem warned that the war between the United States and Iran is driving energy prices higher, which will push inflation higher in the short term. While the war has injected more volatility into the economy, he said the bank is closely watching the developments and is ready to move should it be necessary.
The next interest rate decision is set for April 29.
Lastly, Statistics Canada released January’s monthly mineral production survey on Friday (March 20).
The data showed broad declines in both production and shipments of copper, gold and silver, compared with December's figures, except for silver production, which increased.
Copper output decreased to 40.98 million kilograms from 43.65 million the previous month; meanwhile, gold production fell to 17,763 kilograms from 19,281 kilograms in December.
For shipments, copper declined to 31.96 million kilograms from 44.08 million kilograms, while gold shipments decreased to 15,848 kilograms from 20,162 kilograms.
As for silver, production rose to 23,238 kilograms from 22,747 kilograms in December; meanwhile, shipments fell to 16,212 kilograms from 26,888 kilograms.
For more on what’s moving markets this week, check out our top market news round-up.
Markets and commodities react
Canadian equity markets were down this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost 4.73 percent over the week to close Friday (March 20) at 31.317.23, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) sank 12.56 percent to 911.26.
The CSE Composite Index (CSE:CSECOMP) fell 9.61 percent to 160.06.
Precious metals were also down significantly during the week. The gold price fell 11.37 percent to close at US$4,502.04 per ounce on Friday at 4:00 p.m. EST, while the silver price fared worse, closing the week down 18.48 percent at US$67.93.
In base metals, the Comex copper price sank 9 percent this week to US$5.30.
However, the S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 2.52 percent to end Friday at 736.16.
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. EDT 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. Getty Copper (TSXV:GTC)
Weekly gain: 166.67 percent
Market cap: C$50.45 million
Share price: C$0.16Getty Copper is an exploration company focused on its Getty copper-molybdenum project in British Columbia, Canada.
The property covers 269 square kilometers on a site that’s adjacent to Teck's (TSX:TECK.A,TECK.B,NYSE:TECK) Highland Valley Copper Mine, near Kamloops, BC.
The Getty project hosts two primary deposits, Getty North and Getty South, which both host probable ore reserves. According to a February 2020 fact sheet on the property, the mineral reserve estimate set probable grades at the site of 0.40 percent copper from 86.56 million metric tons of ore. with an additional indicated resource of 0.373 percent copper from 114.41 million metric tons.
Additionally, the company has discovered mineralization below the existing resource. A small exploration program testing the depth of the North zone in 2025 returned a broad interval of 0.27 percent copper and 34.6 parts per million (ppm) molybdenum over 591.3 meters, which included a new mineralized zone of 70.1 meters grading 0.113 percent copper and 16.1 ppm molybdenum.
The company was placed into a trading halt in August 2025 after it announced a strategic restructuring and a merger with company 1390120 B.C. (Numberco), which owns the Dot Matrix copper project, also located near Highland Valley.At the time, the TSX placed all of Getty’s shares into escrow, with a resumption of trading being dependent on the approval of the merger and debt plan that would pay off creditors.
In December, Getty completed a private placement of C$15 million to pay with funds also being placed in escrow until it developed an approved plan to clear all of Getty’s existing debt.
On March 13, the company announced it had completed the merger with Numberco and satisfied the escrow conditions imposed by the TSX. After clearing its C$3.7 million in debt, the company will also use remaining proceeds from the private placement to restart development activities.
Getty resumed trading on Tuesday (March 17).
2. Lincoln Gold Mining (TSXV:LMG)
Weekly gain: 46.94 percent
Market cap: C$15.08 million
Share price: C$0.72Lincoln Gold Mining is an exploration and development company advancing a pair of precious metals projects in Nevada, US, to production.
The Bell Mountain project consists of 180 claims, covering 1,453 hectares in Churchill County. The project is fully permitted, and Lincoln has a plan in place for an open-pit heap leach operation with earthworks expected to begin in 2026 to 2027.
A January 2025 technical report demonstrated an economic case for the project with an after-tax net present value of US$24.06 million and a payback period of 11 months at a gold price of US$2,200 per ounce.
Pine Grove, located in Lyon County, is also in the advanced stage, and Lincoln expects it to be fully permitted sometime in 2026 or 2027. The site was discovered in the mid 1800s and hosted historic mining operations until 1887.
Lincoln has completed more than 94,000 feet of exploration drilling across over 280 drill holes. A 2015 resource estimate stated that measured and indicated gold on the property was 123,300 ounces from 2.02 million metric tons with an average grade of 1.9 grams per metric ton (g/t) gold.
Lincoln has not released news in 2026.
3. Talent Infinity Resource Developments (CSE:TICO)
Weekly gain: 40 percent
Market cap: C$23.18 million
Share price: C$0.84Talent Infinity Resource Developments is an exploration company with a portfolio of projects in Canada.
In recent weeks, the company has made several announcements regarding the acquisition of mineral properties.
First, on February 27, it acquired the Silver Giant property near Golden, BC. Silver Giant currently includes a single claim covering 129 hectares, with an additional four claims covering 550 hectares still in the application phase. The site previously hosted mining operations and still contains historic workings and tailings.
Then, on March 10, Talent Infinity announced it acquired the Hatsfield antimony-gold project in Southern New Brunswick. The property covers 745 hectares and is located near the Albright Metals Golden Pike project, which hosts an inferred resource of 214,800 metric tons grading 9.6 g/t gold.
Most recently, Talent announced on Wednesday it acquired the Fredericksburg antimony-gold project. Also located in New Brunswick, the property comprises five blocks totaling 5,623 hectares.
Talent Infinity CEO John Eren stated in the release, “The combination of strong regional antimony anomalies, gold pathfinder geochemistry, and structurally controlled mineralization within a highly prospective geological setting presents a compelling exploration opportunity.”
The company mentioned the acquisitions on February 3, when it announced a non-brokered private placement to raise gross proceeds up to C$1.45 million. All three acquisitions are option agreements that allow the company to earn a 100 percent interest in the properties.
4. Guardian Exploration (TSXV:GX)
Weekly gain: 38.89 percent
Market cap: C$13.49 million
Share price: C$0.25Guardian Exploration is an explorer and developer whose properties include the Sun Dog gold project, covering an area of 9,415 hectares in the Kivalliq region in Nunavut, Canada. The site is located near the historic Cullaton Lake mine, which produced 100,000 ounces of gold between October 1981 and September 1985.
The company acquired the project in May 2025 from New Break Resources (CSE:NBRK). Under the terms of the deal, Guardian received a 100 percent interest in the property, along with mineral rights and 60 drums of Jet A fuel in exchange for 5 million shares and a cash payment of C$75,000. Guardian also reimbursed New Break C$18,830 for annual rent and granted it the option to buy back a 20 percent interest in the property for C$1.
Guardian reported the results of its 2025 field work program in November, which encountered high-grade gold, and laid out its exploration plans for 2026.The company has yet to release news in 2026. However, Sun Dog could benefit from recently announced federal plans to improve infrastructure in the region.
On March 13, the Canadian government announced plans to improve the Rankin Inlet airport in Nunavut as part of its Northern Infrastructure and Defense plan. Additionally, in late February, the government launched a study to explore the viability of expanding the port in Churchill, Manitoba, to better serve Canadian industry to reach global markets. Guardian’s project is located between the two towns.
5. Golden Pursuit Resources (TSXV:GDP)
Weekly gain: 38.1 percent
Market cap: C$13.49 million
Share price: C$0.25Golden Pursuit Resources is a gold exploration company focused on advancing its Golden Lake project in Northwest Territories, Canada.
The property consists of 31 federal and territorial claims and four historic mining leases covering a total area of 6,851.27 hectares. The property has been explored since the 1930s and hosts eight target areas, including the past-producing Camlaren mine.
Exploration work at the site’s Myrt Lake and Kidney Pond areas in 2025 led to the discovery of multiple mineralized target areas.
In November 2025, Golden Pursuit reported assays from rock sampling at the sites, with one sample at Myrt Lake grading 25.2 g/t gold, 133 g/t silver and 3.61 percent lead. At Kidney Pond, one sample graded 16.05 g/t gold, 18.65 g/t silver and 1.51 percent copper.
The most recent release from the company came on Thursday (March 19), when it acknowledged the Canadian government’s March 13 plan to strengthen infrastructure and defense in Canada’s northern regions.
The Gordon property lies within the proposed Arctic Economic and Security Corridor that will establish a 400 kilometer all-season road connecting the Slave geological region to tidewater.
“For companies operating in the Slave Geological Province, including at our Gordon Lake Project, the prospect of year-round road access to tidewater is a compelling development that could materially improve regional accessibility and long-term development conditions,” said Golden Pursuit CEO Brian McClay.
FAQs for Canadian mining stocks
What is the difference between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
How many mining companies are listed on the TSX and TSXV?
As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.
As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.
Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.
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.
Article by Dean Belder; FAQs by Lauren Kelly.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
- Tech Weekly: Nasdaq Logs Fourth Week of Losses as Middle East Tensions Escalate (2026-03-20)
Welcome to the Investing News Network's weekly brief on tech news and tech stocks driving the market.
We also break down next week's catalysts to watch to help you prepare for the week ahead.
In this article:
- This week's tech sector performance
- 3 tech stocks moving markets this week
- Top tech news of the week
- Tech ETF performance
- Tech catalysts to watch next week
This week's tech sector performance
Markets were calm at the start of the week after two liquefied petroleum gas tankers bound for India passed through the Strait of Hormuz on Sunday (March 15), effectively cooling oil prices.
In a Monday (March 16) note, veteran Wall Street analyst Ed Yardeni suggested investors were anticipating that supply losses could be offset by alternative pipeline infrastructure. Yardeni further noted that the usual price spikes associated with supply cuts might be offset by a decline in international demand for oil.
Gains in artificial intelligence (AI) stocks allowed indexes to end sharply higher, with the S&P 500 (INDEXSP:.INX) seeing its strongest one day gain in over a month. Meta Platforms (NASDAQ:META) was an outperformer in early trading after a report that it was planning workforce cuts to offset heavy AI spending.
Additionally, NVIDIA's (NASDAQ:NVDA) share price was up after CEO Jensen Huang outlined new AI chip components and a very bullish 2026 data center and AI spending outlook.
Caution returned midweek as hotter inflation data and looming interest rate decisions weighed on sentiment. Global stocks drifted lower on Wednesday (March 18) ahead of the US Federal Reserve's meeting. In moves that were widely expected, both the Bank of Canada and the Fed opted to leave rates unchanged.
Markets reacted negatively, already downtrodden by a hotter‑than‑expected producer price index print in the US, and the Fed’s signal that just one rate cut is still planned for the year.
The Dow Jones Industrial Average (INDEXDJX:.DJI) closed at its lowest level of 2026.
A major escalation in the US and Israel’s war with Iran rattled investors as the week continued, causing a slide in global markets on Thursday (March 19). Positive labor sector data landed as a mild positive, but was overshadowed by geopolitics and the Fed’s risk‑off tone. North American markets closed down.
Escalating tensions on Friday (March 20) sparked renewed fears of rising oil prices, inflation and rate hikes. Markets closed down for the fourth week, with the Nasdaq Composite (INDEXNASDAQ:.IXIC) logging a weekly loss of 3.1 percent.
3 tech stocks moving markets this week
Memory storage providers outperformed the week’s oil rout after CNBC’s Mad Money host Jim Cramer urged dip buying amid a broad selloff.
1. Arm Holdings (NASDAQ:ARM)
Arm Holdings was the top performer on the Nasdaq-100 (INDEXNASDAQ:NDX), finishing the week up by 14.29 percent.
2. Western Digital (NASDAQ:WDC)
Western Digital advanced by 10.2 percent.
3. Diamondback Energy (NASDAQ:FANG)
Diamondback Energy rose by 10.09 percent.
Top tech news of the week
- NVIDIA CEO Jensen Huang announced the firm's hardware and software plans to a large crowd in San Jose, California, at the company’s annual developer conference. He said that the revenue opportunity for NVIDIA's advanced AI chips totals at least US$1 trillion through 2027. During the company’s most recent earnings call, revenue estimates were around US$500 billion for 2026. Shares of NVIDIA briefly jumped on the news, but only traded up 1.4 percent on the first day of the conference. Huang also announced plans to add technology from Groq to NVIDIA's chip systems to handle specialized AI inference tasks like coding. In addition, he said the company will restart manufacturing for its H200 chips for Chinese customers, unveiled the Vera Rubin full-stack platform, introduced DLSS 5 for gaming AI and previewed the Feynman roadmap with agentic AI focus via NemoClaw and new partnerships.
- Meta shares rallied on Monday, helping lift the Nasdaq higher after reports that the company plans to lay off at least 20 percent of its workforce. This week, the firm also announced a new long-term AI infrastructure supply agreement with Dutch AI cloud company Nebius Group (NASDAQ:NBIS). The contract has a value of up to approximately US$27 billion.
- RBC Capital Markets raised its price target for Micron Technology (NASDAQ:MU) to US$525 from US$425 ahead of the company's earnings report on Wednesday, which beat estimates and delivered an upbeat outlook. The stock closed at a record high, but declined on Thursday. Despite this week’s performance, shares have more than quadrupled year-on-year.
- Cerebras Systems, a chipmaker targeting a possible April initial public offering, said it will integrate its chips into Amazon Web Services data centers as part of a partnership agreement.
- Foxconn Technology (TPE:2354,OTCPL:FXCOF) released its full‑year and Q4 2025 results, showing record annual revenue of about 8.1 trillion New Taiwan dollars, an increase of 18 percent year‑on‑year, driven in large part by AI‑related hardware and server demand. The company also issued a strong revenue forecast, although profitability was softer than expected. Markets gave a mixed reaction.
- The US Department of War released a list of contracts awarded to companies, including a US$20 billion firm‑fixed‑price 10 year contract with private defense tech company Anduril Industries to consolidate the army’s commercial AI‑enabled solutions.
- Apple (NASDAQ:AAPL) has acquired MotionVFX, a Polish video-editing company. Motion VFX’s tool will be part of Apple’s Final Cut Pro, part of the company’s new Creator Studio subscription.
- OpenAI is reportedly in discussions with private equity firms to form a joint venture valued at roughly US$10 billion to support the adoption of AI software.
- Uber Technologies (NYSE:UBER) gave two major updates. First, the firm expanded its partnership with NVIDIA, aiming to debut a global autonomous vehicle fleet powered by NVIDIA's software by 2027. Additionally, Uber revealed plans to invest as much as US$1.25 billion in Rivian Automotive (NASDAQ:RIVN) to launch electric robotaxis in 25 cities, with deployment slated to begin in 2028.
- Boston Dynamics said it will utilize foundation models from FieldAI to enhance its Spot robot dogs, with an initial focus on applications for construction sites.
- Swarmer (NASDAQ:SWMR), a high-profile Ukrainian defense tech company, made its debut on the Nasdaq. It surged 520 percent on its first day of trading.
- Amazon (NASDAQ:AMZN) acquired robotics startup Rivr. The purchase is intended to support its efforts to automate package deliveries. Additionally, CEO Jeff Bezos is reportedly in talks to raise US$100 billion for a new fund to automate manufacturing companies with AI.
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 1.95 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) lost 1.91 percent.
The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 2.7 percent.
Tech news to watch next week
High-profile interviews at the CERAWeek gathering in Houston next week, including with US Secretary of Energy Chris Wright and former Secretary of Defense Jim Mattis, could influence markets.
AI's energy demands and potential are slated to be a major topic.
Investors will also be eyeing Xanadu Quantum Technologies’ SPAC merger with Crane Harbor Acquisition (NASDAQ:CHAC), valued at roughly US$3 billion. The deal is set to close on March 26, with trading starting on March 27 on the Nasdaq and TSX under the ticker symbol XNDU.
Additionally, Tesla's (NASDAQ:TSLA) Terafab project, which will make AI chips, will launch next week, according to CEO Elon Musk, who buoyed markets after sharing the news via X on Monday.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
- Crypto Market Update: Quadruple Witching Event Contributes to Volatility (2026-03-20)
Here's a quick recap of the crypto landscape for Friday (March 19) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$70,149.38, down by 0.2 percent over the last 24 hours.
Significant crypto derivatives activity is occurring, with US$1.7 billion in Bitcoin options set to expire on Deribit, alongside US$5.7 trillion in stock index futures, stock index options, single-stock options and single-stock futures.
When these expirations occur at the same time it is called a quadruple witching event. These circumstances occur four times a year, on the third Friday of March, June, September and December, and can lead to increased market activity. Coupled with escalating geopolitical tensions, Bitcoin saw price volatility on Friday.
Ether (ETH) was priced at US$2,133.06, down by 0.5 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.43, down by 0.8 percent over 24 hours.
- Solana (SOL) was trading at US$88.89, trading flat over 24 hours.
Today's crypto news to know
Morgan Stanley advances plans for spot Bitcoin ETF
Morgan Stanley (NYSE:MS) has filed a second amended S-1 for its proposed spot Bitcoin exchange-traded fund (ETF), detailing plans to raise US$1 million through the sale of 50,000 initial seed shares to its delegated sponsor ahead of listing on the NYSE Arca, with proceeds used to purchase Bitcoin for the fund.
According to the filing, Jane Street, Virtu Americas and Macquarie Capital are listed as authorized participants, allowing them to create or redeem large blocks of shares and profit from the arbitrage between the price of Bitcoin and the ETF’s share price. This will keep the ETF’s share price close to the value of Bitcoin.
Rania Gule, senior market analyst at XS.com, said the move indicates that digital assets are becoming a strategic institutional asset and a quasi-standard asset, marking a deep transformation in global financial markets.
TradFi-DeFi milestone
S&P Dow Jones Indices has licensed the S&P 500 to TradeXYZ, a platform linked to Unit’s Hyperliquid tokenization network, the index provider announced on Wednesday (March 18).
The move will enable the first official perpetual futures contract tracking the index on blockchain, allowing qualified investors to get leveraged access through a digital tool.
Mesh bolsters Canton Network
Crypto payments firm Mesh has joined the Canton Network as a super validator, or trusted operator, to enhance security for blockchains serving regulated finance. The move highlights links between tokenization and compliant payments, and blends traditional banking with blockchain. Mesh, which is fresh off a US$75 million funding round valuing it at US$1 billion, adds trust to Canton's institutional focus.
Visa enables AI payments
Visa Crypto Labs has launched a command-line tool that allows artificial intelligence (AI) bots to handle secure card payments independently, without needing special codes. It works with protocols from Coinbase and Stripe, speeding up a so-called agentic web where AI settles tiny tasks automatically.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
- First Atlantic Nickel Unveils Discovery at Pipestone XL Project (2026-03-20)
First Atlantic Nickel (TSXV:FAN,OTCQB:FANCF) has announced a significant discovery at its Pipestone XL nickel-cobalt alloy project in Newfoundland, Canada.
The new discovery, named Alloy Max, extends 7 kilometers north of the existing RPM Zone within the 30 kilometer Pipestone ophiolite complex. This discovery came as part of its district-wide sampling program that includes comprehensive geological mapping, surface sampling and davis tube recovery (DTR) metallurgical testing.
The Alloy Max zone represents a large-scale awaruite target with an initial area of approximately 4 kilometers in length and 1.2 kilometers in width. Geophysical analysis indicates it mineralization could potentially be larger than the RPM zone, where drilling has confirmed significant nickel mineralization.
Exploration and funding updates
First Atlantic Nickel's exploration program at Pipestone XL is designed to support a vertically integrated supply chain for nickel-cobalt feedstock.
In the release, the company identified Alloy Max as a priority drilling target for 2026. The new zone is fully permitted and funded for drilling, with ground access established and minimal overburden.
Since December, First Atlantic has raised approximately C$7.82 million through private placements to fund drilling activities. These funds are expected to accelerate exploration and development efforts across the district, including at the Alloy Max and RPM zones.
Strategic importance of awaruite
Awaruite, a naturally occurring nickel-iron-cobalt alloy, is pivotal to First Atlantic's strategy. The mineral's high nickel content and magnetic properties allow for efficient recovery and processing, bypassing traditional smelting processes. This aligns with the company's mission to establish a low-carbon, onshore nickel supply chain, potentially serving the battery refining and stainless steel industries without relying on offshore facilities.
Editorial Disclosure: This article was generated with the assistance of AI and subsequently reviewed and edited by a human. We welcome your feedback to help us continue to improve our content.
- Parliamentary Ratification of Ewoyaa Mining Lease (2026-03-20)
Parliament of Ghana issues official approval of the Mining Lease in respect of the Ewoyaa Lithium Project, representing a significant de-risking milestone
Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, "Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, is pleased to announce the ratification of the Mining Lease in respect of the Company's flagship Ewoyaa Lithium Project ("Ewoyaa" or the "Project") by the Parliament of Ghana.
Ratification constitutes the Parliament of Ghana's formal approval of the proposed Ewoyaa Lithium Mine and Processing Plant, enabling the Company to advance discussions relating to Project funding and continue its progress towards a Project Final Investment Decision.
The Ewoyaa Mining Lease is the first to be granted and ratified for the mining of lithium in Ghana, highlighting the Government's support of the Company's lithium production ambitions.
Under the terms of the Mining Lease, which was initially granted by Ghana's Ministry of Lands and Natural Resources in October 2023, Atlantic Lithium has the exclusive rights to carry out mining and commercial production activities over the Mining Lease area for an initial 15-year period, renewable in accordance with Ghanaian legislation.
The ratified Mining Lease includes certain fiscal terms which were incorporated following Government consultation with relevant in-country stakeholders. The revised terms comprise the alignment of the Project's royalty rate and Growth and Sustainability Levy to current legislated rates in Ghana.
The Company notes that, following the expiration of the 21-sitting-day review period, a new Legislative Instrument, Minerals and Mining (Royalty) Regulations, 2025, which outlines the following sliding scale in relation to royalty rates for lithium projects in Ghana, has become legally binding
All other fiscal terms outlined in the Mining Lease granted in October 2023 remain unchanged (refer announcement of 20 October 2023).
The revised terms are intended to ensure that the Project generates returns to shareholders, while maximising socio-economic value for Ghana and Ghanaians, particularly the residents of the Project's catchment area communities in the Central Region, in the context of prevailing lithium market conditions.
Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said:
"Parliamentary ratification of the Mining Lease for the Ewoyaa Lithium Project marks a watershed moment for both Ghana and Atlantic Lithium.
"We are delighted to have the full support of the Government as we work towards achieving first production of spodumene. Having already built itself to become a leading gold producer, Ghana has now taken a major step towards a new lithium future.
"We are grateful to our stakeholders in Ghana, notably the relevant authorities that have supported the Company throughout the Project's permitting process, and the residents of our local communities in the Central Region who have continued to voice their endorsement of the Company.
"I would also like to thank every member of our team for their tireless, collective effort, which has resulted in this achievement. It is not lost on us that, despite the delays to ratification that we have experienced, we have been able to secure full permitting for the Project in a timeframe that would not be possible in many jurisdictions. This has been delivered thanks to the considerable workstreams that have been advanced simultaneously by our team, largely out of the public eye, over the last two years.
"We now look to the various milestones ahead of us with excitement as we pursue the path to production. To this end, shortly, we intend to provide further clarity on the outcomes of the work we completed through H2 2025 to enhance the viability of the Project through ongoing commodity price volatility. This work will help define the direction of the Project's development and inform the steps to be taken ahead of a Project Final Investment Decision.
"We look forward to providing further updates in due course."
Authorised for release by Amanda Harsas, Finance Director and Company Secretary, Atlantic Lithium Limited.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For any further information, please contact:
Atlantic Lithium Limited
Keith Muller (Chief Executive Officer)
Amanda Harsas (Finance Director and Company Secretary)
Tel: +61 2 8072 0640
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