Investing News Network
- Top 5 Canadian Mining Stocks This Week: Altura Energy Jumps 81 Percent (2026-03-27)
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.
The US-led war against Iran continued to plague the commodities space this past week.
Oil prices have been in decline for much of the week, with Brent and West Texas Intermediate falling below US$100 per barrel. The decreases started on Monday (March 23) as US President Donald Trump walked back his 48 hour ultimatum to attack Iranian energy facilities if the country didn’t allow shipments through the Strait of Hormuz.
Trump initially said Iran would have until Friday (March 27) to follow through on his demands, but on Thursday (March 26), the deadline was extended by an additional 10 days, as he said talks with Iran had been productive.
For its part, Iran asserts that it has not been negotiating with US representatives.
More broadly, the war has had a broad effect on supply chains for other commodities as well. Iranian attacks on Qatari gas production have halved the country's helium output. Liquefied gas is critical for the operation of MRI scanners and semiconductor manufacturing, and Qatar is the second largest producer of helium. Analysts suggest helium prices could climb to over US$2,000 per thousand square feet from the average of around US$500 over the past two years.
The uncertainty stemming from the continued closure of the Strait of Hormuz and inconsistent communications from the White House has driven significant volatility in Canadian markets.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was off by 1.8 percent by Friday morning, led by a 3.6 percent decline in Canadian resource equities and a 3.1 percent drop in tech stocks.
Likewise, precious metals have also been affected as the US dollar surged on safe-haven demand. The rise comes amid concern that the US Federal Reserve could keep interest rates unchanged for longer, or raise it should oil prices remain high amid a protracted war with Iran, which is driving inflation risk.
Also this week, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) announced on Thursday that it will be ending operations at its Diavik diamond mine in Canada's Northwest Territories. The mine has been in production for 23 years, delivering more than 150 million carats and contributing C$11.75 billion to the Northwest Territories' economy.
The mine was also a significant contributor to the community, creating more than 1,000 jobs. Between 200 and 300 will remain employed by Rio Tinto as the mine is decommissioned.
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 mixed this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) rebounded slightly, posting a gain of 0.52 percent over the week to close Friday at 31,960.65, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 2.72 percent to 915.00.
The CSE Composite Index (CSE:CSECOMP) gained 4.02 percent to 174.55.
The gold price slipped 3.12 percent to close at US$4,508.73 per ounce on Friday at 4:00 p.m. EST. The silver price closed the week up 3.82 percent at US$70.01 per ounce on Friday.
In base metals, the Comex copper price recorded a 1.06 percent decrease this week to US$5.46 per pound.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 1.6 percent to end Friday at 739.24.
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. Altura Energy (TSXV:ALTU)
Weekly gain: 81.25 percent
Market cap: C$16.02 million
Share price: C$0.29Altura Energy is a helium exploration and development company advancing assets in Arizona, US.
The company owns a 100 percent stake in the Pinta South project, located in the Holbrook Basin. The property covers 10,600 acres and hosts seven shallow helium wells. Gas from the wells is free of hydrocarbons and is composed of between 5 to 8 percent helium and the remainder nitrogen.
Altura finalized its stake in Pinta South in September 2025. The company began selling helium to an offtake partner in November 2025 for a contracted price of US$350 per thousand cubic feet.
On March 19, Altura re-completed two helium wells with initial flow rates of 123,000 and 118,000 cubic feet per day.
The company also reported that it had completed additional field testing and diagnostics of legacy infrastructure connecting wells to the sites' processing facilities. Altura discovered deterioration in exposed surface piping, prompting a temporary shutdown of all wells to implement a replacement program.
The company said repairs will take approximately eight weeks.
2. Cosa Resources (CSE:COSA)
Weekly gain: 77.46 percent
Market cap: C$49.78 million
Share price: C$0.63Cosa Resources is a uranium explorer advancing a portfolio of assets in Canada’s Athabasca Basin.
Among its projects are Orion, a 20,255 hectare property located 29 kilometers from Cameco's (TSX:CCO,NYSE:CCJ) Cigar Lake mine. Orion hosts approximately 25 kilometers of strike along an extension of the Larocque Lake trend.
Additionally, Cosa is collaborating on a trio of projects with Denison Mines (TSX:DML,NYSEAMERICAN:DNN). They cover more than 20,000 hectares and consist of Murphy Lake North, Darby and Packrat.
On March 3, the company announced an expansion to its land holdings at Orion, adding one claim covering 1,564 hectares on the southeast portion of the property. Additionally, the company said it had also increased holdings at Murphy Lake North by 345 hectares and its holdings at Darby by 758 hectares.
On Tuesday (March 24), Cosa encountered anomalous radioactivity at Murphy Lake North. A radioactivity reading of 13,900 counts per second was detected in a 5 meter intersection at a depth of 260 meters from the surface.
3. Helium Evolution (TSXV:HEVI)
Weekly gain: 65.63 percent
Market cap: C$28.03 million
Share price: C$0.265Helium Evolution is an exploration and development company focused on assets in Saskatchewan, Canada.
The company's main focus is on its 40,000 acre Mankota property which lies adjacent to North American Helium’s. To date, the company has drilled 10 wells and has made six helium discoveries.
It’s currently focused on two targets at the basal sand unit and Earlie sandstone.
On February 2, the company entered into a pooling agreement with North American Helium for the property, which gives Helium Evolution a 49 percent stake in the operation, and North American the controlling 51 percent.
The announcement also said the companies were going to carry out a 3d seismic program at the neighbouring properties. The program was planned for six weeks, with interpretation anticipated in the second quarter of 2026.
Shares of Helium Evolution saw significant gains this week alongside supply chain disruptions in the Helium market, but the company did not release any news.
4. Bullion Gold Resources (TSXV:BGD)
Weekly gain: 58.33 percent
Market cap: C$10.11 million
Share price: C$0.095Bullion Gold Resources is an exploration company advancing its Bousquet project in Québec, Canada.
The site, located in the Abitibi along the Cadillac Larder Lake fault, consists of 71 claims covering an area of 2,369 hectares. The property hosts seven gold showings, with multiple magnetic targets. Bousquet is currently under option by Olympio Metals (ASX:OLY), which can earn up to an 80 percent stake in the project.
On Monday, Bullion received the first assay from the Phase 2 drill program at the Paquin prospect at Bousquet. The results highlighted bonanza-grade gold of 41.81 grams per metric ton (g/t) over 7.5 meters, which included intervals of 60.36 g/t over 4.3 meters and 109.51 g/t over 2 meters.
The company said the results are the best to date and highlight the potential for high-grade lodes.
5. Electric Metals (USA) (TSXV:EML)
Weekly gain: 65.63 percent
Market cap: C$28.03 million
Share price: C$0.265Electric Metals (USA) is a mineral development company focused on advancing its flagship North Star manganese project in Minnesota, US. According to the company, the asset is North America’s highest-grade manganese resource. It plans to produce high-purity manganese sulfate monohydrate for lithium-ion batteries.
In August 2025, Electric Metals released a preliminary economic assessment for North Star. It demonstrates a base-case 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 indicated resource of 7.6 million metric tons of ore grading 19.07 percent manganese, 22.33 percent iron and 30.94 percent silicon, and an inferred resource of 3.73 million metric tons of ore grading 17.04 percent manganese, 19.04 percent iron and 30.03 percent 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 Ameerex (OTC:HIRU) for total consideration of US$3.5 million in staged payments. Additionally, Electric Metals will retain a 2.5 percent net smelter royalty.
The assets consist of the Corcoran and Belmont properties, which sit on federal lode claims and lease options on patented mining claims. The sale will allow Electric Metals to focus on advancing its North Star Manganese project.
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.
- Top 5 Junior Gold Mining Stocks on the TSXV (2026-03-27)
Junior gold stocks are seeing heightened interest in 2026 despite volatility in the gold price, which reached a new record highs of nearly US$5,600 per ounce during the first quarter.
The yellow metal's price action has been driven by numerous factors, including economic uncertainty related to US trade and tariff policy, the breakout of major conflicts in the Middle East, and questions over which direction US monetary policy is headed this year.
This perfect storm has led investors to look to safe-haven assets like gold as a hedge to provide greater stability to their portfolios.
What does this gold bull run mean for junior gold companies?
While it took some time for the high gold price to translate into share price gains for gold explorers, many have now seen significant gains. Below the Investing News Network profiles the five Canadian gold companies on the TSXV that are the best performers of 2026 so far by year-to-date share price gains.
Data for this article was retrieved on March 25, 2026, using TradingView's stock screener, and only companies with market capitalizations greater than C$10 million at that time are included.
1. San Lorenzo Gold (TSXV:SLG)
Year-to-date gain: 216.47 percent
Market cap: C$217.04 million
Share price: C$2.69San Lorenzo Gold is an exploration company working to advance its Salvadora project in the Chañaral province of Chile. The property covers an area of over 9,000 hectares, and hosts a large copper and gold porphyry system with several significant targets, including Cerro Blanco and Arco de Oro.
According to the project page, the site geology resembles that of the nearby Codelco-owned Salvador copper mine, which has operated since the early 1950s and is expected to continue until the mid-2060s following an expansion.
San Lorenzo finished 2025 as the year's top performing TSXV gold stock after gaining over 1,000 percent from its open of C$0.08, spurred by discoveries at the Cerro Blanco target. The gold stock has continued its upward trajectory in 2026.
On January 26 of this year, the company released drill results from the first hole of its campaign on the Cerro Blanco porphyry target, which highlighted five sections of mineralization combining for over 222.4 meters. The longest interval was 132.2 meters and graded 1.09 grams per metric ton (g/t) gold.
While shares of San Lorenzo had been range bound around C$1.00 for much of January, they were boosted to C$2.11 the day of the release. By February 26, the stock's value had climbed to a year-to-date high of C$3.70 per share following announcements of a fully subscribed, upsized private placement for gross proceeds of C$20 million.
In early March, San Lorenzo released further drill results from both the Arco de Oro and Cerro Blanco targets, with more to come from Arco de Oro in the months ahead. In addition, the company closed on the private placement, with plans to use the proceeds to help fund further exploration activities. The news flow helped keep its share value up around the C$3.50 mark on March 9.
On March 19, San Lorenzo reported it had significantly increased its acreage at the Cerro Blanco target by 2,900 hectares through a combination of newly acquired claims and an option agreement with Mirasol Resources for Mirasol's Rubi project.
While its share price slid with the gold price to C$2.32 on March 20, it recovered to C$2.69 on March 25, still up 216.47 percent year-to-date.
2. Xali Gold (TSXV:XGC)
Year-to-date gain: 180 percent
Market cap: C$45.08 million
Share price: C$0.28Xali Gold is developing its advanced-stage Pico Machay gold project in Peru. The property hosts a high-sulfidation gold deposit with a historic measured and indicated resource of 264,000 ounces of gold from 10.6 million metric tons of ore.
The company's property portfolio also includes two royalty agreements linked to potential production from the El Oro gold-silver project in Mexico.
Xali closed its acquisition of Pico Machay from Pan American Silver (TSX:PAAS,NYSE:PAAS) late last year, with plans to advance the project to near-term production.
The company announced on January 8 that it had begun "field work with the initiation of community engagement in anticipation of starting technical field work and environmental studies for drilling permits this month."
After starting the year trading at C$0.10 per share, Xali Gold's stock value got its first bump on January 26 to C$0.14 as the gold price began climbing to its all-time high.
By February 13, the stock was up to C$0.18 following the company's release of its plans for moving the project forward in 2026. In addition to work already underway, its plans include sampling all new underground workings, drilling to verify historical resource grades and upgrade the resource, and advancing a preliminary economic assessment.
On February 25, Xali announced it had reached an agreement with the local community to proceed with exploration work at the project.
Shares in Xali spiked to C$0.28 on March 3 and continued upwards to a year-to-date high of C$0.33 per share on March 11.
3. Precipitate Gold (TSXV:PRG)
Year-to-date gain: 175 percent
Market cap: C$54.75 million
Share price: C$0.49Precipitate Gold owns a district-scale portfolio of gold and copper projects in the Dominican Republic.
Its Pueblo Grande gold-copper project is located adjacent to the Pueblo Viejo gold-silver mine operated by Barrick Mining (TSX:ABX,NYSE:B), while its Juan de Herrera gold-copper project is next to the emerging Romero deposit operated by GoldQuest Mining (TSXV:GQC,OTCPL:GDQMF).
On January 9, Precipitate closed a C$6.5 million private placement to help fund exploration and development work, including planned drilling at Juan de Herrera. The placement's participants were Dominican investors and business leaders.
The company announced on January 22 it had completed a technical review of data related to the Pueblo Grande project that was generated by Barrick Mining over the course of five years. Based on the review, Precipitate followed up with an induced polarization survey, with results showing untested high chargeability anomalies at the project's Pueblo Grande Norte zone.
Its share price began climbing following the news and alongside rising gold prices to hit C$0.48 per share on January 28, and remained elevated through February.
Precipitate's shares rose to a year-to-date high of C$0.53 per share by March 4 after the company's February 27 announcement that it had begun site preparations for diamond drilling at the Pueblo Grande Norte zone to test the anomalies it identified with the IP survey.
On March 25, the company reported the start of diamond drilling, which will include about 2,000 meters over four holes.
4. Tectonic Metals (TSXV:TECT)
Year-to-date gain: 149.44 percent
Market cap: C$191.3 million
Share price: C$2.22Tectonic Metals is advancing its flagship 99,800 acre Flat gold project in Alaska, US. The project includes the Alpha Bowl and Chicken Mountain zones.
The company's management team includes key members from Kaminak Gold, which advanced the multi-million-ounce Coffee gold project in Canada's Yukon Territory through to a bankable feasibility study before it was acquired in 2016 for C$520 million.
Its first news of the year came on January 15 when it announced that initial drill results from its 2025 drill campaign on the Alpha Bowl zone confirmed geological and mineralized continuity with the Chicken Mountain zone. According to Tectonic, this means the gold system is at least 3 kilometers of strike length and open in all directions. Additionally, the 24 holes included in the release all intersected gold mineralization.
Tectonic shares were trading at C$0.88 at the start of the year, but began rising rapidly on January 22 and reached a year-to-date high of C$3.15 per share on January 30 on the back of two news releases and a rising gold price.
On January 22, Tectonic shared drill results from 42 holes at the Chicken Mountain zone, highlighting a 36.58 meter intercept grading 9.94 g/t gold ending in mineralization. Within that was a smaller interval grading 15.73 g/t gold over 22.86 meters, including 3.05 meters at 104.23 g/t gold.
The following week on January 29, the company shared further exploration results, including a discovery from its first drilling at the Black Creek intrusion target 6 kilometers north of Chicken Mountain. Assays returned 4.5 g/t gold over 48.77 meters from surface, including a high-grade core of 7.79 g/t gold over 24.38 meters.
"The Flat Gold Project continues to demonstrate the characteristics of a large, reduced intrusion-related gold system with multiple mineralized intrusive centers," Tectonic President and CEO Tony Reda stated.
On March 3, Tectonic completed a C$92 million private placement with proceeds going to further advance the Flat gold project.
5. Patagonia Gold (TSXV:PGDC)
Year-to-date gain: 140 percent
Market cap: C$418.55 million
Share price: C$0.90Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.
Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. Currently, Patagonia is working on the exploration and development of the underground resource at the site, as well as recovering gold and silver from residual leaching on site.
According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported a measured and indicated resource of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 g/t gold and 63.2 g/t silver.
Its Calcatreu project, located in the Rio Negro province, is currently under construction. Calcatreu hosts a measured and indicated resource of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons with average grades of 2.11 g/t gold and 19.8 g/t silver.
Shares of Patagonia started the year at C$0.43 and rose to C$0.93 per share on January 15.
That day, Patagonia released its only news of the quarter, provided an update on construction activities at Calcatreu. Patagonia said it has extracted and stockpiled 40,000 metric tons of mineralized material from the Veta 49 pit, of which 5,200 metric tons were expected to be stacked on the leach pad following electric leak detection tests later in January.
After stockpiled material begins being leached and processed, the metal doré product will be sent to Ontario, Canada, for refining. Patagonia expects to release an updated technical report for the project during Q2.
Patagonia's stock reached its highest value year-to-date on March 2 at C$1.33 per share.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Precipitate Gold is a client of the Investing News Network. This article is not paid-for content.
- Top 10 Tungsten-producing Countries (2026-03-27)
Tungsten’s importance in a wide range of industrial categories, from smartphones to car batteries, means demand is likely to rise.
At the same time, supply chain disruptions and increased production costs are weighing on global supply, making it important to learn about the top global tungsten producers and tungsten mines.
Tungsten, also known as wolfram, has many applications. It's used in electrical wires, as well as in welding, heavy metal alloys, turbine blades and as a lead substitute in bullets. The metal can also be found in heating and electrical contacts.
Tungsten prices have traded upward in recent years, and the industry's supply and demand dynamics are pushing it even higher in 2026.
With that in mind, it’s worth being aware of which countries produce the most tungsten.
According to the US Geological Survey, global tungsten production came in at 85,000 metric tons (MT) in 2025 compared to 2024's 82,000 MT. The vast majority of tungsten mining and processing occurs in China. When Beijing added certain tungsten products to its export control list in 2025 amid a trade dispute with Washington, already tight supply was worsened.
While South Korea is not currently a top tungsten producer, Almonty Industries (TSX:AII,OTCQX:ALMTF) recently began production at the Sangdong tungsten mine, marking the restart of one of the world’s historically largest tungsten operations after more than three decades.
It is also important to know where the highest tungsten reserves by country are located, as some countries with lower production may have high potential for increased tungsten production in the future.
Here’s an overview of tungsten production by country in 2025, as per the most recent data from the US Geological Survey.
Top 10 tungsten producers and reserves by country
1. China
Tungsten production: 67,000 metric tons
Tungsten reserves: 2.5 million metric tonsIn 2025, China produced 67,000 metric tons of tungsten, making it the world’s largest producer of the metal by a wide margin, accounting for nearly 80 percent of total annual tungsten output worldwide. China also holds the most tungsten reserves in the world at 2.5 million metric tons.
That said, China’s tungsten production has been falling in recent years — the Asian nation has limited the quantity of tungsten-mining and export licenses it awards and has imposed quotas on tungsten concentrate production. The country has also recently increased environmental inspections.
China has been the main source of tungsten imported into the US since 2017, and the country accounted for 27 percent of US tungsten imports in 2024.
In response to US President Donald Trump's imposition of 10 percent tariffs on imports from China in February 2025, the Government of China immediately announced strict export controls on tungsten and four other key metals used in several important industries, including defense. Tighter tungsten supply out of China may lead to higher prices for the metal despite growing production from ex-China sources.
2. Vietnam
Tungsten production: 3,000 metric tons
Tungsten reserves: 170,000 metric tonsVietnam’s tungsten production in 2025 came to 3,000 metric tons, making it the world's second highest tungsten producing country, although its production decreased by 400 MT from the previous year. As for tungsten reserves, Vietnam holds 170,000 MT of the metal under its soil.
The country's Núi Pháo mine produces the majority of Vietnam's tungsten and is one of the largest mines outside of China. It is owned by Masan High-Tech Materials, a subsidiary of Masan Group (HOSE:MSN). The on-site refinery has a 6,500 MT annual capacity.
Between 2021 and 2024, Vietnam accounted for 8 percent of US tungsten imports. Since the US government placed tariffs on Chinese tungsten and China in kind initiated export controls, Vietnam's share may grow in the coming years.
3. Kazakhstan
Tungsten production: 2,400 metric tons
Tungsten reserves: Not availableKazakhstan joined the top tungsten countries in 2025, mining 2,400 metric tons of the critical metal.
The Boguty tungsten mine, located in the Almaty Oblast, entered commercial production in April 2025. The mine is owned and operated by Jiaxin International Resources Investment (HKEX:3858,AIX:JXIR).
According to a technical report, the mine hosts probable tungsten oxide reserves of 140,800 MT from 64.8 million MT of ore. Additionally, its 227,300 MT of contained tungsten mineral resources make it the world's largest open-pit tungsten deposit, according to the company.
In 2026, the company expects Boguty to produce 10,900 MT of tungsten concentrate at 65 percent, equivalent to about 7,085 MT of contained tungsten oxide.
4. Russia
Tungsten production: 2,000 metric tons
Tungsten reserves: 400,000 metric tonsRussia produced 2,000 metric tons of tungsten in 2025, up 500 MT from 2024. Its production tied it for fourth highest overall with North Korea. However, Russia holds the third-largest global tungsten reserves at 400,000 MT.
The country's past-producing Tyrnyauz tungsten-molybdenum deposit is the largest tungsten deposit in the country and one of the largest globally, with 241,706 MT of contained tungsten metal. Elbrusmetal, part of state-owned mining company Rostec, is advancing a restart of mining at Tyrnyauz, with production expected in 2028.
Russia was previously a significant supplier of tungsten to a variety of countries, including Austria, the Netherlands and the US. However, sanctions on Russia because of its war with Ukraine has limited Russia's ability to trade and make deliveries of tungsten to the world market. In 2024, the vast majority of its tungsten exports were to China.
At the same time, the war has fueled tungsten demand given the metal's use in ammunitions.
4. North Korea
Tungsten production: 2,000 metric tons
Tungsten reserves: 29,000 metric tonsIn 2025, North Korea produced 2,000 metric tons of tungsten, up by 100 MT over the previous year. This tied it with Russia as the fourth largest tungsten mining country. In terms of mineral reserves, North Korea holds 29,000 MT of tungsten according to the USGS.
The Mannyŏn tungsten mine in North Hwanghae province is the country's main source of the metal. Its name means 10,000 years in reference to its vast reserves. According to the USGS, it has a capacity of 4,000 MT of tungsten oxide content, although it is operating well below that.
Tungsten ore is North Korea's second highest export by value, worth nearly US$31.4 million in 2024, all of which was imported by China.
Tungsten's high spot in North Korea's export market is influenced by it being one of the few metals not listed under UN sanctions on the country's trade. In fact, the country only produced 50 MT of tungsten in 2016, just before the UN implemented export bans for many metals.
6. Bolivia
Tungsten production: 1,700 metric tons
Tungsten reserves: Not availableBolivia's tungsten production in 2025 totaled 1,700 metric tons, in line with its output the previous year.
The Bolivian mining industry is heavily influenced by Comibol, a state-owned mining umbrella company.
The country produces tungsten from its Himalaya mine in Bolivia's La Paz department. Previously mined by mining cooperatives, Himalaya was nationalized in 2012 and is now operated by COMIBOL subsidiary Empress Minera Himalaya.
Bolivia accounted for 8 percent of US tungsten imports between 2021 and 2024.
7. Rwanda
Tungsten production: 1,300 metric tons
Tungsten reserves: Not availableRwanda produced 1,300 metric tons of tungsten in 2025, on par with 2024's output.
Rwanda's Nyakabingo tungsten mine has become the largest tungsten producer in Africa in recent years.
Nyakabingo, located in the Rulindo district, is owned by Trinity Metals, whose largest shareholder is UK-based private industrial company Techmet. In October 2025, Trinity began shipping tungsten concentrate from the mine to Pennsylvania, US, to be processed at Global Tungsten and Powder's plant.
However, Nyakabingo doesn't account for all of Rwanda's tungsten exports. Tungsten is one of four conflict minerals alongside tin, tantalum and gold (3TG), which are referred to this way due to their role in funding and motivating the violence in the eastern Democratic Republic Congo (DRC).
Rwanda has promoted itself as a source of conflict-free minerals. However, according to a report by the UN Security Council, Rwanda-backed groups have been looting 3T minerals during their occupation of mineral-rich areas in the eastern DRC.
"Once in Rwanda, the looted minerals were mixed with local production, effectively laundering them into the downstream supply chain under the guise of Rwandan origin," the council wrote.
8. Australia
Tungsten production: 1,000 metric tons
Tungsten reserves: 570,000 metric tons*In 2025, Australia produced 1,000 metric tons of tungsten, a gain of 80 MT from 2025.
There are several operating tungsten mines in Australia. EQ Resources (ASX:EQR) is an Australian tungsten miner producing the metal at its Mount Carbine asset in North Queensland. On the island state of Tasmania, Group 6 Metals (ASX:G6M) brought the historic Dolphin tungsten mine back into production in 2023. Tasmania also contains private firm Tasmania Mines' Kara tungsten mine
Tungsten projects under development in Australia include Tivan's (ASX:TVN,OTCPL:TNGZF) Molyhil tungsten-molybdenum project located in the Northern Territory. The company acquired it from Thor Energy (ASX:THR,LSE:THR,OTCQB:THORF,OTCPL:THORF) and Investigator Resources (ASX:IVR) in 2025 and is now advancing development plans for the project.
Another company with Australia-based tungsten projects is Tungsten Mining (ASX:TGN), which is advancing studies for its Mount Mulgine and Watershed tungsten projects in Western Australia and Queensland.
* Joint Ore Reserves Committee-compliant or equivalent reserves were 220,000 metric tons.
9. Austria
Tungsten production: 840 metric tons
Tungsten reserves: 10,000 metric tonsAustria's tungsten production in 2025 was 840 metric tons, on par with its 2024 production. According to the USGS, Austria currently hosts 10,000 metric tons of tungsten reserves.
Much of Austria's production can be attributed to the Mittersill tungsten mine, which is located in Salzburg and hosts Europe's largest deposit of scheelite, an important tungsten ore.
The Mittersill mine is operated by Wolfram Bergbau, a major Austrian tungsten company that is vertically integrated.
10. Spain
Tungsten production: 800 metric tons
Tungsten reserves: 66,000 metric tonsSpain produced 800 metric tons of tungsten in 2025, up 100 MT over the previous year. The country is Europe's leading producer of tungsten.
There are a number of companies engaged in the exploration, development and mining of tungsten assets in Spain. Australia's EQ Resources, which acquired tungsten producer Saloro in 2023, now controls the Barruecopardo Mining and Processing operation.
As for Spanish tungsten assets under development, Almonty owns the permitting-phase Valtreixal tungsten-tin project, while Eurobattery Minerals (NGM:BAT,FSE:EBM) is advancing its San Juan tungsten project towards production in H2 2026.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
- Tech Weekly: Contradictory Peace Signals Whipsaw Markets (2026-03-27)
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
Tech investors hit another wall this week, juggling fresh AI headlines with a worsening backdrop in geopolitics and credit markets.
The week started on a hopeful note, with markets rebounding on speculation that the conflict with Iran might be easing, fueling a rally in big tech and crypto on Monday (March 23); however, firmer messaging from both the White House and Tehran quickly sent oil and bonds back up, snuffing out the early week risk rally.
Within tech, software names experienced another glut after reports on Tuesday (March 24) that Amazon (NASDAQ:AMZN) Web Services is developing AI agents to automate tasks in sales, business‑development and cybersecurity teams, where the company recently cut hundreds of jobs.
Funding conditions were also a focus this week, with Ares and Apollo Global Management (NYSE:APO) both capping quarterly withdrawals from key private credit funds at about 5 percent of assets after redemption requests surged, effectively trapping more capital. Barclays (NYSE:BCS) also said it is scaling back asset‑based lending to smaller borrowers after losses linked to the collapses of Market Financial Solutions and Tricolor Holdings, another sign that leverage is getting harder to come by for borrowers outside the top tier. For the tech ecosystem, that combination points to a slower, more selective capital pipeline for everything from late‑stage private companies to smaller infrastructure plays.
Memory chipmakers were also hit after Google's (NASDAQ:GOOGL) TurboQuant paper outlined a way to compress AI key‑value caches by around six times without a material hit to accuracy, sparking a sharp selloff in DRAM and HBM‑linked names like Sandisk (NASDAQ:SNDK) and Western Digital (NASDAQ:WDC)
Analysts were quick to argue that cheaper, more efficient inference often leads to more usage and ultimately higher aggregate demand, but the first move this week was a classic de‑rating of anything tied to the memory intensity that’s been driving surges in these stocks.
“This whole scare around is headlines, and this is a perfect example of exactly where we are in the market right now, because it’s so extremely narrative driven,” explained Nicholas Mersch, a portfolio manager at Purpose Investments.
“As soon as Google came out and said, Hey, we found an algorithmic breakthrough that uses less memory, all these names just tanked. It is a little to do a little bit as well to do with the overall ecosystem, more generally with geopolitical concerns, but when you narrow it down to these memory companies, they’re back up today. So really interesting in terms of the dynamics that we’re seeing in the overall marketplace being so knee-jerk based and very reactionary in terms of what kind of plug-in comes out.”
The Nasdaq Composite (INDEXNASDAQ:.IXIC) finished the week in the red for the fifth straight week, losing 4.76 percent from Monday’s open to close at 20,948.36.
3 tech stocks moving markets this week
1. Marvell Technology (NASDAQ:MRVL)
Marvell Technology was this week's top performer, finishing the week with gains of 6.73 percent.
2. Diamondback Energy (NASDAQ:FANG)
Diamondback Energy had performed well for the second week in a row, closing up 6.06 percent higher.
3. Arm Holdings (NASDAQ:ARM)
News of Arm Holding's forthcoming memory chip helped push the stock to weekly gains of 5.28 percent.
Top tech news of the week
- The US Justice Department charged Super Micro Computer (NASDAQ:SMCI) employees for illegally shipping US$2.5 billion in advanced AI servers to China.
- During an event in Austin on Saturday, Elon Musk said Tesla (NASDAQ:TSLA) and SpaceX will collaborate to build a “Terafab” to design and manufacture semiconductors for both companies in Austin, near Tesla’s headquarters. The factory will eventually produce one series of chips tailored to projects including Tesla’s Cybercab and Optimus robot, and another for SpaceX. Additionally, The Information reported that SpaceX could file its long-awaited IPO by next week, according to a source with direct knowledge of the plans.
- Arm Holdings (NASDAQ:ARM) said it will begin selling its own chips, with Meta Platforms (NASDAQ:META) and OpenAI among the company’s first major customers.
- Health ring maker Oura has reportedly been interviewing bankers to advise on an IPO that could take place as soon as this year, according to a person with direct knowledge of discussions.
- Microsoft (NASDAQ:MSFT) and NVIDIA (NASDAQ:NVDA) announced the “AI for nuclear” initiative at the CERAWeek energy industry conference, a collaborative effort to accelerate nuclear power buildup. Microsoft president and vice chair Brad Smith said that the two companies have created a solution “that hopefully will play an important role in expanding the construction of nuclear power.”
- Global X launched the Global X NYSE 100 Index ETF (NYSE:NYSX, TSX:NYSX), a new product designed to provide Canadian investors with targeted exposure to the 100 leading technology and tech-enabled growth companies listed on all three major US exchanges, including international names with US-listed ADRs like Alibaba (NYSE:BABA) and Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The ETF began trading on the TSX and the NYSE on Thursday.
- Meta said it would increase its investment in an El Paso, Texas, data center from US$1.5 billion to more than US$10 billion.
- Sources for The Information say Anthropic executives are discussing a possible IPO as soon as Q4, adding that potential bankers expect the company to raise more than US$60 billion.
- Apple (NASDAQ:AAPL) announced four new partners - Bosch, Cirrus Logic, TDK and Qnity Electronics - to its domestic supply chain through its American Manufacturing Program, committing US$400 million in spending for these programs through 2030. Sources for Bloomberg also said the company plans to let outside AI chatbots integrate with its Siri digital assistant.
- ShieldAI, a maker of AI-powered drones, announced on Thursday its plan to raise US$1.5 billion in Series G funding at a US$12.7 billion valuation. A portion of the proceeds will help fund the company’s planned acquisition of defense software company Aechelon Technology.
- Senator Bernie Sanders and Representative Alexandria Ocasio‑Cortez introduced legislation that would pause new data center construction and major upgrades until Congress puts AI safeguards in place, including rules on labor and energy use. The bill is unlikely to pass in its current form, but the news highlights the political resistance to the scale and side effects of the data‑center build‑out that underpins the entire AI investment story.
- Quantum computing firm Xanadu Quantum Technologies (TSX:XNDU) began trading on the TSX on Thursday, opening at US$14, forty percent above its original US$10 SPAC price.
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 4.73 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) lost 4.83 percent.
The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 4.75 percent.
Tech news to watch next week
AI‑driven chip sentiment will be on investors’ radars against a heavy macro and geopolitical backdrop next week, entering Q2. Markets in the US and Canada will be closed for Good Friday (April 4).
Global inflation and productivity releases, plus US activity and sentiment data, could shift expectations for the Fed’s path and, by extension, discount rates for long‑duration tech.
Positioning and valuation jitters in AI and broader tech remain a theme, keeping markets on high alert for any guidance revisions or management commentary.
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.
- Hyterra and Ara Sign MOU for Oman Geologic Hydrogen (2026-03-27)
HyTerra Limited (ASX: HYT, OTCQB: HYTLF, Frankfurt: 8TP0) (HyTerra) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with ARA Natural Resources LLC (ARA), a subsidiary of ARA Petroleum LLC, to jointly evaluate geologic hydrogen opportunities in the Sultanate of Oman.
HIGHLIGHTS
- MoU signed with ARA, a leading Omani E&P operator with proven in-country capability, to identify and evaluate geologic hydrogen opportunities in Oman
- Oman's Semail Ophiolite ranks among the world's most prospective geologic hydrogen settings
- 18-month exclusive collaboration
- Combines ARA’s in-country production, execution and subsurface expertise with HyTerra’s
- geologic hydrogen exploration and appraisal skills and knowledge
- Advances HyTerra's global growth strategy by securing a first-mover position in a key emerging jurisdiction
Collaboration advances HyTerra’s Global Growth Strategy
HyTerra continues to screen areas globally that have large- scale potential for commercialising geologic hydrogen, leveraging the Company’s proprietary ‘Must Haves’ rulebook which evaluates prospective areas against a defined set of criteria.
The Semail Ophiolite in the Middle East has potential to be a world-class geologic hydrogen province. HyTerra's methodical approach to exploration de-risking - spanning geophysical analysis, drilling and reservoir evaluation - will be applied to screen and rank opportunities across Oman together with ARA.
Oman and Semail Ophiolite
Oman is actively positioning itself as a pivotal platform for low-carbon hydrogen, with strategic efforts underway to strengthen both domestic energy security and global export capability.1,2
Oman’s long history of hydrocarbon development has produced extensive subsurface datasets and strong operating capability, both of which translate directly to geologic hydrogen exploration. As global interest in geologic hydrogen accelerates, Oman represents an emerging jurisdiction where early movers stand to benefit as commercial and regulatory frameworks mature.
Oman is widely regarded in scientific literature as one of the most prospective countries in the Middle East for geologic hydrogen.3 The Semail Ophiolite, one of the world’s largest and best-exposed ophiolite complexes, consists of ultramafic mantle rocks that naturally generate hydrogen through reaction with water. This process, known as serpentinization, has been directly observed at surface, with hydrogen visibly bubbling from springs above the ophiolite (Figure 1). ARA and HyTerra's collaboration aims to move beyond surface observation to evaluate the subsurface system and define what it will take to bring that hydrogen potential to commercial reality.
Figure 1: (a) In the foreground, hydrogen bubbles were visibly seeping through the waters of a spring in Oman4(b) A modified map of Oman and UAE showing the distribution of surface sample analysis and location compared to the outline of an Ophiolite lithology (green). Modified map is based on Pasquet 2024 et.al.5Memorandum of Understanding
Under the MoU, the parties will work together to:
- Coordinate technical evaluations, including review of geological, geophysical and subsurface data across prospective areas in Oman
- Assess regulatory, commercial and permitting pathways in Oman
- Engage with governmental and industry stakeholders
- Evaluate emerging technologies that may enhance exploration, appraisal, production or commercialisation
- Identify potential development concepts and commercialisation pathways
The MoU establishes a structured framework for assessment, with the intention that definitive agreements may be entered into should suitable opportunities be identified. The MoU also provides for an 18-month exclusivity period.
The agreement is otherwise on standard terms including in relation to termination and intellectual property rights.
CEO Comments
HyTerra Chief Executive Officer, Riley Kemp, said:
“Oman hosts exceptional subsurface geology, including rock systems conducive to geologic hydrogen generation. We believe it represents one of the most compelling geological settings globally, and one where disciplined early evaluation can create real value. Partnering with a proven and respected Omani company like ARA provides the in-country operating capability and experience required to assess that potential rigorously. This collaboration pairs our technical hydrogen exploration knowledge with ARA's local execution strength – a combination we believe is well-suited to unlocking what Oman has to offer.”
ARA Executive VP & Chief Operating Officer, Ola Fjeld, said:
“ARA has built deep technical and operational capability across Oman's upstream sector, and we see geologic hydrogen as a natural extension of that expertise into an emerging and strategically important energy source. HyTerra brings a level of technical specialisation in natural hydrogen exploration that few companies in the world can match. We look forward to combining our in-country knowledge and relationships with HyTerra's exploration capability to evaluate what we believe could be a significant opportunity for Oman.”
About ARA
ARA Natural Resources LLC is a subsidiary of ARA Petroleum LLC, an independent oil and gas exploration and production company headquartered in Muscat, Oman. Established in 2014 and incorporated in Oman in 2016, it operates across the full upstream lifecycle from exploration and appraisal to field development and production. The company holds and operates interests in several onshore blocks in Oman and has expanded internationally with gas development activities in Tanzania.
For more information on ARA visit www.arapetroleum.com.
This announcement has been authorised for release by the Board of Directors.
For more information:
Riley Kemp
Chief Executive Officer
Benjamin Mee
Executive Director
Click here for the full ASX Release
This article includes content from HyTerra Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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