Welcome to the Investing Information Community’s weekly take a look at the best-performing Canadian mining shares on the TSX, TSXV and CSE, beginning with a round-up of Canadian information impacting the useful resource sector.
The US-led warfare in opposition to Iran continued to plague the commodities house this previous week.
Oil costs have been in decline for a lot of the week, with Brent and West Texas Intermediate falling beneath US$100 per barrel. The decreases began on Monday (March 23) as US President Donald Trump walked again his 48 hour ultimatum to assault Iranian vitality services if the nation didn’t permit shipments by means of the Strait of Hormuz.
Trump initially mentioned Iran would have till Friday (March 27) to comply with by means of on his calls for, however on Thursday (March 26), the deadline was prolonged by a further 10 days, as he mentioned talks with Iran had been productive.
For its half, Iran asserts that it has not been negotiating with US representatives.
Extra broadly, the warfare has had a broad impact on provide chains for different commodities as effectively. Iranian assaults on Qatari gasoline manufacturing have halved the nation’s helium output. Liquefied gasoline is vital for the operation of MRI scanners and semiconductor manufacturing, and Qatar is the second largest producer of helium. Analysts counsel helium costs may climb to over US$2,000 per thousand sq. ft from the common of round US$500 over the previous two years.
The uncertainty stemming from the continued closure of the Strait of Hormuz and inconsistent communications from the White Home has pushed important volatility in Canadian markets.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was off by 1.8 p.c by Friday morning, led by a 3.6 p.c decline in Canadian useful resource equities and a 3.1 p.c drop in tech shares.
Likewise, treasured metals have additionally been affected because the US greenback surged on safe-haven demand. The rise comes amid concern that the US Federal Reserve may preserve rates of interest unchanged for longer, or elevate it ought to oil costs stay excessive amid a protracted warfare with Iran, which is driving inflation threat.
Additionally this week, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) introduced on Thursday that it is going to be ending operations at its Diavik diamond mine in Canada’s Northwest Territories. The mine has been in manufacturing for 23 years, delivering greater than 150 million carats and contributing C$11.75 billion to the Northwest Territories’ economic system.
The mine was additionally a big contributor to the neighborhood, creating greater than 1,000 jobs. Between 200 and 300 will stay employed by Rio Tinto because the mine is decommissioned.
For extra on what’s shifting markets this week, take a look at our high market information round-up.
Markets and commodities react
Canadian fairness markets had been blended this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) rebounded barely, posting a acquire of 0.52 p.c over the week to shut Friday at 31,960.65, whereas the S&P/TSX Enterprise Composite Index (INDEXTSI:JX) fell 2.72 p.c to 915.00.
The CSE Composite Index (CSE:CSECOMP) gained 4.02 p.c to 174.55.
The gold value slipped 3.12 p.c to shut at US$4,508.73 per ounce on Friday at 4:00 p.m. EST. The silver value closed the week up 3.82 p.c at US$70.01 per ounce on Friday.
In base metals, the Comex copper value recorded a 1.06 p.c lower this week to US$5.46 per pound.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 1.6 p.c to finish Friday at 739.24.
Prime Canadian mining shares this week
How did mining shares carry out in opposition to this backdrop?
Check out this week’s 5 best-performing Canadian mining shares beneath.
Shares information for this text was retrieved at 4:00 p.m. EDT on Friday utilizing TradingView’s inventory screener. Solely firms buying and selling on the TSX, TSXV and CSE with market caps better than C$10 million are included. Mineral firms throughout the non-energy minerals, vitality minerals, course of business and producer manufacturing sectors had been thought-about.
1. Altura Power (TSXV:ALTU)
Weekly acquire: 81.25 percentMarket cap: C$16.02 millionShare value: C$0.29
Altura Power is a helium exploration and improvement firm advancing property in Arizona, US.
The corporate owns a 100% stake within the Pinta South venture, positioned within the Holbrook Basin. The property covers 10,600 acres and hosts seven shallow helium wells. Fuel from the wells is freed from hydrocarbons and consists of between 5 to eight p.c helium and the rest nitrogen.
Altura finalized its stake in Pinta South in September 2025. The corporate started promoting helium to an offtake associate in November 2025 for a contracted value of US$350 per thousand cubic ft.
On March 19, Altura re-completed two helium wells with preliminary move charges of 123,000 and 118,000 cubic ft per day.
The corporate additionally reported that it had accomplished extra subject testing and diagnostics of legacy infrastructure connecting wells to the websites’ processing services. Altura found deterioration in uncovered floor piping, prompting a short lived shutdown of all wells to implement a alternative program.
The corporate mentioned repairs will take roughly eight weeks.
2. Cosa Sources (CSE:COSA)
Weekly acquire: 77.46 percentMarket cap: C$49.78 millionShare value: C$0.63
Cosa Sources is a uranium explorer advancing a portfolio of property in Canada’s Athabasca Basin.
Amongst its tasks are Orion, a 20,255 hectare property positioned 29 kilometers from Cameco’s (TSX:CCO,NYSE:CCJ) Cigar Lake mine. Orion hosts roughly 25 kilometers of strike alongside an extension of the Larocque Lake pattern.
Moreover, Cosa is collaborating on a trio of tasks with Denison Mines (TSX:DML,NYSEAMERICAN:DNN). They cowl greater than 20,000 hectares and include Murphy Lake North, Darby and Packrat.
On March 3, the corporate introduced an enlargement to its land holdings at Orion, including one declare masking 1,564 hectares on the southeast portion of the property. Moreover, the corporate mentioned it had additionally elevated 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 studying of 13,900 counts per second was detected in a 5 meter intersection at a depth of 260 meters from the floor.
3. Helium Evolution (TSXV:HEVI)
Weekly acquire: 65.63 percentMarket cap: C$28.03 millionShare value: C$0.265
Helium Evolution is an exploration and improvement firm targeted on property in Saskatchewan, Canada.
The corporate’s fundamental focus is on its 40,000 acre Mankota property which lies adjoining to North American Helium’s. So far, the corporate has drilled 10 wells and has made six helium discoveries.
It’s at the moment targeted on two targets on the basal sand unit and Earlie sandstone.
On February 2, the corporate entered right into a pooling settlement with North American Helium for the property, which provides Helium Evolution a 49 p.c stake within the operation, and North American the controlling 51 p.c.
The announcement additionally mentioned the businesses had been going to hold out a 3d seismic program on the neighbouring properties. This system was deliberate for six weeks, with interpretation anticipated within the second quarter of 2026.
Shares of Helium Evolution noticed important positive aspects this week alongside provide chain disruptions within the Helium market, however the firm didn’t launch any information.
4. Bullion Gold Sources (TSXV:BGD)
Weekly acquire: 58.33 percentMarket cap: C$10.11 millionShare value: C$0.095
Bullion Gold Sources is an exploration firm advancing its Bousquet venture in Québec, Canada.
The positioning, positioned within the Abitibi alongside the Cadillac Larder Lake fault, consists of 71 claims masking an space of two,369 hectares. The property hosts seven gold showings, with a number of magnetic targets. Bousquet is at the moment underneath choice by Olympio Metals (ASX:OLY), which might earn as much as an 80 p.c stake within the venture.
On Monday, Bullion acquired the primary assay from the Section 2 drill program on the Paquin prospect at Bousquet. The outcomes 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 corporate mentioned the outcomes are the most effective up to now and spotlight the potential for high-grade lodes.
5. Electrical Metals (USA) (TSXV:EML)
Weekly acquire: 65.63 percentMarket cap: C$28.03 millionShare value: C$0.265
Electrical Metals (USA) is a mineral improvement firm targeted on advancing its flagship North Star manganese venture in Minnesota, US. In accordance with the corporate, the asset is North America’s highest-grade manganese useful resource. It plans to supply high-purity manganese sulfate monohydrate for lithium-ion batteries.
In August 2025, Electrical Metals launched a preliminary financial evaluation for North Star. It demonstrates a base-case after-tax web current worth of US$1.39 billion, with an inside price of return of 43.5 p.c and a payback interval of 23 months. The report additionally consists of an up to date useful resource estimate with an indicated useful resource of seven.6 million metric tons of ore grading 19.07 p.c manganese, 22.33 p.c iron and 30.94 p.c silicon, and an inferred useful resource of three.73 million metric tons of ore grading 17.04 p.c manganese, 19.04 p.c iron and 30.03 p.c silicon.
The latest information from Electrical Metals got here on March 16, when it introduced it had agreed to promote its non-core silver property in Nevada to Ameerex (OTC:HIRU) for complete consideration of US$3.5 million in staged funds. Moreover, Electrical Metals will retain a 2.5 p.c web smelter royalty.
The property include the Corcoran and Belmont properties, which sit on federal lode claims and lease choices on patented mining claims. The sale will permit Electrical Metals to give attention to advancing its North Star Manganese venture.
FAQs for Canadian mining shares
What’s the distinction between the TSX and TSXV?
The TSX, or Toronto Inventory Change, is utilized by senior firms with bigger market caps, and the TSXV, or TSX Enterprise Change, is utilized by smaller-cap firms. Corporations listed on the TSXV can graduate to the senior change.
What number of mining firms are listed on the TSX and TSXV?
As of December 2025, 898 mining firms and 71 oil and gasoline firms are listed on the TSXV, combining for greater than 60 p.c of the 1,531 complete firms listed on the change.
As for the TSX, it’s dwelling to 175 mining firms and 51 oil and gasoline firms. The change has 2,089 firms listed on it in complete.
Collectively, the TSX and TSXV host round 40 p.c of the world’s public mining firms.
How a lot does it value to checklist on the TSXV?
There are a number of various charges that firms should pay to checklist on the TSXV, and based on the change, they will fluctuate based mostly on the transaction’s nature and complexity. The itemizing price alone will probably value between C$10,000 to C$70,000. Accounting and auditing charges may rack up between C$25,000 and C$100,000, whereas authorized charges are anticipated to be over C$75,000 and an underwriters’ fee could hit as much as 12 p.c.
The change lists a handful of different charges and bills firms can count on, together with however not restricted to safety fee and switch company charges, investor relations prices and director and officer legal responsibility insurance coverage.
These are all only for the preliminary itemizing, after all. There are ongoing bills as soon as firms are buying and selling, comparable to sustaining charges and extra itemizing charges, plus the prices related to submitting common reviews.
How do you commerce on the TSXV?
Buyers can commerce on the TSXV the best way they’d commerce shares on any change. This implies they will use a inventory dealer or a person funding account to purchase and promote shares of TSXV-listed firms throughout the change’s buying and selling hours.
Article by Dean Belder; FAQs by Lauren Kelly.
Remember to comply with us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, maintain no direct funding curiosity in any firm talked about on this article.
Securities Disclosure: I, Lauren Kelly, maintain no direct funding curiosity in any firm talked about on this article.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
