Peter Krauth, editor of Silver Stock Investor and Silver Advisor, shares his thoughts on silver price activity and where the white metal is in the cycle.
He believes the awareness phase is just beginning, with mania still relatively far in the future.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
We also break down next week’s catalysts to watch to help you prepare for the week ahead.
The tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) navigated a volatile week.
Early week caution gave way to a rebound by Monday’s close (March 2), with the Nasdaq eking out a small gain led by defense and tech stocks. On Tuesday (March 3), the Trump administration’s plans to secure the Strait of Hormuz shipping lanes helped pare losses, with major indexes closing down but less severely.
US services PMI on Wednesday (March 4) showed the fastest expansion since mid-2022, supporting gains; however, the Nasdaq rose only slightly, with gains capped by lingering oil price worries.
Markets plunged on Thursday (March 5) after an Iranian missile strike on an oil tanker in the Persian Gulf intensified concerns of conflict longevity and supply constraints. The price of oil surged to its biggest weekly gain since 2022, with analysts forecasting further increases if the Strait of Hormuz stays disrupted beyond 3 – 4 weeks.
Also on Thursday, reports surfaced that the administration was considering new rules requiring US approval for AI chips shipped abroad, which hit Nasdaq heavyweights NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). This revelation followed earlier reports that officials were considering limiting purchases of Nvidia’s H200 chips and AMD’s MI325 chips, which have similar capabilities, to Chinese companies, capping them at 75,000 chips per firm.
Friday’s (March 6) jobs report for February boosted rate-cut odds but fueled recession fears. The report showed nonfarm payrolls dropped by 92,000, a stark contrast to the forecasted 50,000 to 60,000 added jobs. Additionally, unemployment increased to 4.4 percent, signaling that the labor market is cooling faster than expected.
These macroeconomic pressures and geopolitical uncertainty exerted a palpable weight on financial markets, heavily impacting volatility-sensitive tech stocks.
Intuit had a strong week, finishing up 25.08 percent as investors rotated into defensive fintech and software amid weakness in the capital-intensive and cyclical semiconductor sector.
Zacks Investment Research explained Intuit’s stock rise as a gain driven by analyst upgrades and price target hikes. Piper Sandler raised its price target on Intuit to US$780 and maintained an Overweight rating. Susquehanna also raised its target to US$850 and kept a Positive rating. Meanwhile, TD Cowen cut its target to US$633 but reiterated Buy.
Analysts cited Intuit’s strong AI-driven results from last week’s Q2 earnings and highlighted growth in the company’s GBS Online Ecosystem, Desktop Ecosystem and Credit Karma.
Palantir gained alongside other defense stocks as Mideast tensions boosted demand for defense AI. Shares rose more than five percent on Monday, while analysts at Wedbush named it a top pick on Thursday with a US$75 price target. Palantir gained 17.22 percent for the week.
AppLovin ranked third for this week’s gainers, closing 16.29 percent higher on Arete’s upgrade to neutral from sell, with an adjusted price target down to US$340 From US$458. Speculation about AppLovin potentially launching a competing app to rival TikTok may have further contributed to the gains.
Intuit, Palantir Technologies and AppLoving stock performance, March 2 to 6, 2026.
Chart via Google Finance.
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 5.91 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) lost five percent.
The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 4.21 percent.
Investors face a pivotal week ahead, headlined by Monday’s (March 9) release of the NY Fed’s one-year inflation expectations and the highly anticipated February CPI report on Wednesday (March 11), which could provide a key signal for the Fed’s next move.
Later in the week, Thursday’s (March 12) jobless claims will be under the microscope to see if February’s labor trends hold steady. On the corporate side, it’s a big week for software and cloud infrastructure, with Oracle, Hewlett Packard Enterprise, and Constellation Software reporting Monday, followed by Adobe (NASDAQ:ADBE) on Thursday.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Adrian Day, president of Adrian Day Asset Management, shares his latest thoughts on what’s moving the gold price, emphasizing that its bull run isn’t over yet.
‘It’s monetary factors that are driving gold — that’s what’s fundamentally driving gold,’ he said. ‘Monetary factors, lack of trust in governments and particularly lack of trust in fiat currencies.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
The Government of New Brunswick announced a new comprehensive mineral strategy on Tuesday (March 3), at the 2026 Prospectors and Developers Association of Canada conference in Toronto.
The plan calls for a streamlined permitting process that will ensure clear communication and transparent timelines. Additionally, it promises a collaborative partnership with First Nations, science-based decision-making and a community-based approach to jobs, procurement and infrastructure.
Oil prices jumped significantly this week following the start of the US-led war against Iran. West Texas Intermediate has surged more than 25 percent since March first, climbing to over US$90 per barrel in trading on Friday, the first time since October 2022.
The most significant gains came on Friday, after Iran effectively stopped traffic through the Strait of Hormuz. More than 20 percent of the world’s liquefied natural gas and 25 percent of oil shipments travel through the strait.
The price rise has had a downstream effect on gas prices in Canada and the US, increasing by up to C$0.10 per liter and US$0.27 per gallon, respectively.
Over the past week, US producers have activated four additional rigs, bringing the total rig count to 411, although that total is down by 75 from the same period last year. Most companies are unlikely to rush to restart operations shuttered due to low oil prices until there is a more sustainable rise in oil prices.
Meanwhile, the war caused turmoil in bond markets as concerns over inflation and rising central bank interest rates seeped into the market. US two-year bonds rose by 18 basis points, while Britain’s rose by 43 basis points.
For more on what’s moving markets this week, check out our top market news round-up.
Canadian equity markets were largely down this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 3.87 percent over the week to close Friday (March 6) at 33,083.72, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) slipped 4.54 percent to 1,057.04.
However, the CSE Composite Index (CSE:CSECOMP) gained 1.27 percent to 178.51.
The gold price fell 3.31 percent to close at US$5,170.63 per ounce on Friday at 4:00 p.m. EST. The silver price fared worse, closing the week down 6.4 percent at US$84.30 on Friday.
In base metals, the Comex copper price recorded a 2.01 percent decrease this week to US$5.85 per pound.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 16.14 percent to end Friday at 700.62.
How did mining stocks perform against this backdrop? Take a look at this week’s five best-performing Canadian mining stocks below.
Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
Weekly gain: 100 percent
Market cap: C$128.67 million
Share price: C$0.19
Adex Mining is an exploration company that holds a 100 percent stake in the Mount Pleasant project in Southwest New Brunswick, Canada. The property contains two main deposits: the Fire Tower zone, which hosts tungsten and molybdenum mineralization, and the North zone, which hosts tin, zinc and indium.
The asset consists of 102 mineral claims covering 1,600 hectares, as well as equipment and facilities from historic mining operations conducted by BHP (ASX:BHP,NYSE:BHP,LSE:BHP) between 1983 and 1985.
According to its most recent investor presentation released on June 11, the property hosts the world’s largest indium reserve and North America’s largest tin deposit. Indicated resources for the North zone demonstrate contained metal values of 47 million kilograms of tin, and 789,000 kilograms of indium from 12.4 million metric tons with average grades of 0.38 percent tin and 64 parts per million indium.
Adex Mining has not released news since it published its interim management discussion and analysis on November 18.
In a mid-February interview, New Brunswick Natural Resources Minister John Herron revealed that a deal “is due imminently with a well-known company in the Canadian mining community” for Adex’s Mount Pleasant project.
While the company did not release news this week, the project may benefit from the freshly announced New Brunswick Comprehensive Mineral Strategy. The report highlights Mount Pleasant’s indium, tin and tungsten mineralization.
Weekly gain: 91.67 percent
Market cap: C$29.3 million
Share price: C$0.115
Southern Energy is an oil and gas company with assets located in Mississippi, US. The majority of its production is natural gas.
Its operations are centered around the state’s Interior Salt Basin, in the northeastern Gulf Coast Region. Southern has an interest in producing wells spread across several assets, including Gwinville, Mechanicsburg and Mount Olive East.
According to a February 2026 corporate presentation, current production from the company’s wells is about 11 million cubic feet of natural gas equivalent per day, with 27.9 million barrels of oil equivalent in reserves.
The company’s most recent news came on February 12, when Southern closed a non-brokered private placement that generated proceeds of US$23.5 million. The company said the funds will be used to repay the balance of a US$12.9 million senior credit facility, with the rest being directed to development capital, including the completion of two wells in Gwinville.
The share price gains also come amid volatility in the energy market.
Weekly gain: 86.67 percent
Market cap: C$165.31 million
Share price: C$0.42
Africa Energy is a South Africa focused oil and gas exploration and development company.
Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.
It holds a 4.9 percent interest in the asset through its investment in Main Street 1549, a 49/51 joint venture with Arostyle Investments. The three other partners in the asset announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and announced a definitive agreement for the new ownership structure of the Block 11B/12B asset in May 2025.
The restructuring would result in Africa Energy owning a direct 75 percent stake in the block, with Arostyle holding the remainder. This is contingent on the asset being granted the production rights, which itself requires approval of its environmental and social impact assessment. The report must be submitted by May 2026.
Shares of Africa Energy posted gains this week amid energy market volatility.
The company has not released any news since January 26, when it announced the resignation of Dr. Phindile Masangane as Director and Head of Strategy and Business Development. She will still assist Africa Energy as a consultant.
Weekly gain: 60 percent
Market cap: C$41.58 million
Share price: C$0.16
Gabriel Resources is a precious metals explorer and developer focused on advancing its Rosia Montana gold project. Based in Transylvania, Romania, Rosia Montana is in a region that has seen significant historic mining. Covering 2,388 hectares, the site is host to a mid-to-shallow epithermal system containing deposits of gold and silver.
The most recent resource estimate from a 2012 technical report shows proven and probable quantities of 10.1 million ounces of gold and 47.6 million ounces of silver. Gabriel has invested more than US$760 million into Rosia Montana, but has undertaken little development at the site since the early 2010s, as Romania blocked further development.
In 2015, the company entered into arbitration through the World Bank’s International Center for Settlement of Investment Disputes (ICSID) over permitting at the site and suggested that Romania was in violation of bilateral investment treaties. In March 2024, Gabriel issued a press release with an update saying that its case against Romania had been dismissed by the ICSID, which also awarded Romania US$10 million in legal fees and expenses. Gabriel said it would review the decision with its legal team and evaluate its options.
In March 2025, Gabriel announced that the committee had ruled that a stay of enforcement of the Award would continue if Gabriel guaranteed the proven solvency of the US$10 million.
The committee was scheduled to hold hearings on January 22 and 23 of this year, but on January 19, Gabriel reported that the hearings would be postponed to a later date. A new date for the hearing has not been announced.
The company did not release news in the past week.
Weekly gain: 48.05 percent
Market cap: C$41.58 million
Share price: C$1.14
Rio Silver is an exploration company advancing its Maria Norte project in Peru. The property changed hands several times in the 18 years prior to Rio Silver’s acquisition in March 2025, but saw little exploration during that time.
However, in a February 5 release, the company noted that historic mining occurred as the site hosts a reclaimed waste dump. In that announcement, the firm said it plans to advance surface mapping and sampling in the third quarter of 2026.
Throughout January, Rio Silver made several announcements regarding its exploration and development timeline. On January 6, the company reported results from technical work at the site, confirming the presence of silver mineralization with grades up to 991 g/t in a 0.7 meter channel sample.
To end the month, the company said it was launching a metallurgical program at the site to assist in determining the project’s potential value.
The most recent news came last week in a pair of releases.
The first on February 25, the company announced a new private placement to raise proceeds of up to C$3 million. Funds will be used to advance work at the Maria Norte project. The placement is being led by Sprott (TSX:SII,NYSE:SII) Founder Eric Sprott.
The second release came on February 26 when Rio reported it secured permission from the local community to begin site activities at Maria Norte. The company said it will continue working with the community to develop a formal definitive agreement for long-term exploration and mining activities.
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.
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.
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.
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.
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.
Brien Lundin, editor of Gold Newsletter and New Orleans Investment Conference host, shares his stock-picking strategy at a time when high metals prices are beginning to lift all boats.
In his view, gold and silver equities may still only be in the second inning.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Listen up, flyers: United Airlines said it will start removing passengers from flights who refuse to wear headphones while listening to content on their personal devices, and such behavior could lead to a permanent ban.
The airline revised its contract of carriage on Feb. 27 to include the new provision, which sits under the ‘refusal of transport’ section that outlines the instances in which United can boot its passengers from flights.
According to the document, United reserves the right to refuse transport — on a permanent basis — to any passenger who listens to their entertainment on speaker.
It also states that any passenger who causes United ‘any loss, damage or expense of any kind,’ may be responsible for reimbursing the airline.
‘We’ve always encouraged customers to use headphones when listening to audio content — and our Wi-Fi rules already remind customers to use headphones,’ United said in a statement. ‘With the expansion of Starlink, it seemed like a good time to make that even clearer by adding it to the contract of carriage.’
Passengers who forgot their headphones at home can request a free pair on their flight, if they’re available, according to United’s in-flight entertainment information.
The move inspired a strong reaction online.
‘One would think this is common sense and airlines would have in their rules,’ said one Reddit user. ‘Now let’s have the same rule for airline lounges.’
Others complained that this has become increasingly common on flights, especially among those with small children.
‘As a flight attendant; we have to tell people literally every flight,’ another person said on Reddit. ‘It makes our jobs harder when we’re stuck policing common courtesy instead of just focusing on service & safety.’
Oreterra Metals is focused on the discovery of large-scale porphyry copper-gold systems in Canada and the US, led by a management team with a proven track record delivering multi-million dollar exits in the same world-class mining jurisdictions.
Oreterra Metals (TSXV:OTMC) is a focused mineral exploration company dedicated to delivering for its shareholders large-scale discoveries and the capital gains opportunities that typically come with such discoveries. The company’s strategy centers on copper-gold porphyry systems in North America, chosen for their scale, relatively low finding and resource proving costs in relation to high grade vein systems, and their high attractiveness to major mining operators as potential long-life mines. Oreterra emerged early in February 2026 following the comprehensive restructuring and rebranding of its predecessor company, a restructuring warranted by the exceptional prospectivity of the Trek South prospect.
Oreterra’s flagship asset is the wholly owned Trek South porphyry copper-gold prospect, located on the 6,379-hectare Trek property situated in the heart of British Columbia’s Golden Triangle. Effectively new to modern geological science, the prospect has emerged due to rapid glacial ice retreat. First identified in 2019, all of the work required to reveal it as a highly prospective porphyry copper-gold prospect and to bring it to drill-ready status has occurred only in the period since 2021.
The company is led by a veteran management team with over 100 combined years of experience in mineral exploration, finance, and corporate governance. With a lean share structure and strong institutional support following its recent $9.7 million financing, Oreterra is fully funded and ideally positioned to test its high-conviction targets, starting with the first-ever drill of Trek South commencing in the approaching 2026 field season.
Potential for a Major Discovery in the First Few Drill Holes
A large-scale porphyry copper-gold prospect ready for its first-ever drilling, in 2026
The wholly owned Trek property spans 6,379 hectares in the heart of BC’s Golden Triangle, one of North America’s geologically most fertile copper‑gold-silver belts. Within the property, the Trek South target represents a very large, entirely new, porphyry system identified in the period since 2021 by mapping, sampling and geophysical programs.
Strategically positioned approximately 10 km from Teck–Newmont’s rich Galore Creek porphyry copper-gold project and just 3 km up slope from partially completed road access, Trek South is poised for its maiden drilling program in 2026. The project is supported by a National Instrument 43‑101 technical report delivered on January 20, 2026.
The property also hosts additional exploration targets that provide district‑scale upside under a single land package.
An Emerging Porphyry Copper-Gold Project on a Proven Nevada Mining Trend
Kinkaid comprises 131 claims covering 1,101 hectares in Mineral County, Nevada, an attractive mining jurisdiction with established infrastructure. The project is subject to a 2% net smelter returns royalty. Exploration has identified two distinct mineralization styles: epithermal to mesothermal veins, and garnet skarns, with evidence for buried porphyry centres.
Oreterra is planning further exploration at Kinkaid, including both airborne and ground geophysical surveys. These programs are intended to refine drill targets ahead of planned diamond drilling on the most prospective areas of the property.
Emerging copper-gold in northwestern Ontario and an extensive drilling-defined mineral system
The 5,386‑hectare Lundmark property adjoins the Musselwhite gold mine in northwestern Ontario and is subject to a 3 percent NSR royalty. Drilling since 2019 has outlined a significant volcanogenic massive sulphide (VMS) system characterized by multiple mineralizing events.
These include individual high-grade gold-bearing quartz–pyrrhotite veins, broad zones of stockwork-style copper–gold vein mineralization, and three VMS-style gold–silver–enriched base metal zones. In total, the alteration and mineralization system identified to date now extends for approximately 11 kilometres along strike.
Scossa, a 541‑hectare property, encompasses the historic high‑grade Scossa gold mine, active in the 1930s and 1940s. The epithermal gold system features five known veins, with historical mining limited to the 400‑foot level. Exceptional grades from historical records and previous drilling by the company in the 2003 timeframe, indicates meaningful potential remains.
A geologist by training, Mr. Keough brings 45 years global exploration, corporate leadership, and capital markets experience, and has founded and led exploration companies that delivered major discoveries of the type Oreterra seeks, later sold for considerable profit.
With 25+ years in mining and resources, Mr. Burega specializes in corporate development, fundraising, and stakeholder engagement and played an instrumental role in Oreterra’s strategic repositioning.
A chartered professional accountant with deep public company finance and governance experience, Mr. Crawford has co‑founded several TSXV and CSE‑listed companies and continues to support growth‑stage exploration entities.
A professional geologist with over 45 years of field and discovery experience, Mr. Biczok has been involved in significant discoveries globally and brings robust technical leadership to Oreterra’s exploration programs.
Ashley Nadon, a Chartered Professional Accountant, supports governance and financial reporting with a depth of expertise in public company compliance.
Get access to more exclusive Gold Investing Stock profiles here
Oreterra Metals (TSXV:OTMC) is a mineral exploration company focused on delivering large-scale discoveries and the shareholder value that typically follows. Its strategy targets copper-gold porphyry systems in North America, selected for their scale, comparatively lower discovery costs versus high-grade vein systems, and strong appeal to major mining companies as potential long-life operations. The company emerged in February 2026 following the restructuring and rebranding of its predecessor, driven by the exceptional potential of the Trek South prospect.
Oreterra’s flagship asset is the wholly owned Trek South copper-gold porphyry prospect on the 6,379-hectare Trek property in British Columbia’s Golden Triangle. The prospect has only recently become accessible due to glacial retreat and remains effectively new to modern geological exploration. First identified in 2019, work conducted since 2021 has advanced the project to drill-ready status.
The company is led by a veteran management team with more than 100 years of combined experience in exploration, finance, and governance. Following a recent $9.7 million financing and supported by a lean share structure, Oreterra is fully funded to test its high-conviction targets, with the first-ever drill program at Trek South planned for the 2026 field season.
This Oreterra Metals profile is part of a paid investor education campaign.*
Click here to connect with Oreterra Metals (TSXV:OTMC) to receive an Investor Presentation
The global platinum market is expected to remain in deficit for a fourth consecutive year in 2026, even as supply begins to stabilize and demand moderates following a sharp rally in the metal’s price.
New projections from the World Platinum Investment Council (WPIC) show a deficit of about 240,000 ounces for 2026 following a significantly larger shortfall of 1.082 million ounces in 2025.
That’s the deepest deficit recorded in the group’s Platinum Quarterly data series since it began in 2014. According to data, the cumulative deficit since 2023 will approach 3 million ounces by the end of 2026.
As a result, aboveground platinum stocks are expected to remain historically low, falling to about 2.613 million ounces, which is equivalent to just over four months of global demand for the precious metal.
WPIC CEO Trevor Raymond said the factors that fueled platinum’s strong performance last year are expected to remain.
“The key drivers of platinum’s price rally in 2025, namely strong supply/demand fundamentals, a depletion of above ground stocks, and macropolitical uncertainty-driven precious metals demand, are expected to persist in 2026,” he said.
“Consequently, market tightness is likely to continue, maintaining investor interest in platinum, and further supporting bar and coin and ETF demand throughout the year.”
The forecast marks a shift from earlier expectations that the platinum market would return to balance in 2026.
Instead, strong investment sentiment and resilient exchange-traded fund holdings have pushed the market back into deficit territory. Even so, total demand for platinum is expected to decline moderately this year.
The WPIC projects overall demand will fall about 8 percent year-on-year to roughly 7.619 million ounces.
Much of that drop reflects a normalization in investment demand after a surge in 2025, when inflows into platinum exchange-traded funds and physical investment products climbed sharply.
However, demand for physical platinum bars and coins is expected to continue growing.
The WPIC forecasts that bar and coin investment will jump 35 percent in 2026 to 725,000 ounces, reaching the highest level recorded in the Platinum Quarterly dataset.
Investment purchases of platinum are increasing as the metal gains attention as a lower-priced alternative to gold, and as retail investment products become more widely available.
While demand patterns shift across sectors, platinum supply growth remains limited.
Total platinum supply is expected to rise just 2 percent in 2026 to about 7.379 million ounces.
Mine output is forecast to remain essentially flat at roughly 5.553 million ounces, with production gains in South Africa and Zimbabwe offset by declines in North America and Russia.
The modest increase in supply will largely come from recycling. Higher platinum prices have encouraged the recovery of spent autocatalysts and recycled jewelry, pushing recycling supply up about 10 percent in 2025. That trend is expected to continue this year, with recycled metal rising another 10 percent to approximately 1.827 million ounces.
Still, the additional recycled material is unlikely to fully offset the underlying market tightness. As Raymond noted, another factor that could further deepen the deficit has yet to be fully reflected in current forecasts.
“One item not yet captured in the supply/demand balance is any exchange stocks warehoused with the Guangzhou Futures Exchange, which could potentially deepen the deficit versus current projections once these are made publicly available,” he said. For platinum investors, the persistence of deficits suggests that the market’s underlying fundamentals remain supportive even as demand moderates from last year’s highs.
“The price rally we’ve seen this year has not solved the deficit,” he said.
“Normally, in a deficit market, you would expect the price to increase. Clearly, the elevated prices we’ve experienced is still insufficient to attract more supply into the market or drag more metal out of aboveground stocks.”
With supply growth limited and inventories shrinking, the platinum market is likely to remain structurally tight, sustaining investor interest through 2026.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ) (‘BRW’ or the ‘Corporation’) is pleased to announce that as a result of strong investor demand, it has increased the maximum gross proceeds of its previously announced non-brokered private placement from $4,000,000 to $5,500,000 (the ‘Offering’). The upsized Offering now consists of the sale of up to 22,000,000 units of the Corporation (‘Units’) at a price of $0.25 per Unit. For more information about the Offering, please refer to the Corporation’s news release dated February 25, 2026.
Mr. Killian Charles, President & CEO of BRW, commented: ‘With these additional funds, we will accelerate the consolidation of multiple targets across several jurisdictions that we have identified as high-priority alongside the advancement of our Quebec portfolio. We look forward to sharing the result of these initiatives as rapidly as possible over the coming weeks.’
Each Unit will consist of one common share of the Corporation and one half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to purchase one common share of the Corporation at a price of $0.35 at any time for a period of 36 months following the Closing Date (as defined herein).
The Offering is conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘). The securities issued under the Listed Issuer Financing Exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.
There is an amended and restated offering document related to the upsized Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation’s website at www.brwexplo.ca. Prospective investors should read this offering document before making an investment decision.
The Offering is expected to close on or about March 18, 2026 (the ‘Closing Date‘) and is subject to customary conditions including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Brunswick Exploration Inc.
Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium Inferred Mineral Resource Estimate in the Americas, with 52.2Mt grading 1.08% Li2O.
Investor Relations/information
Mr. Killian Charles, President and CEO
Phone: (514) 861-4441
Email: info@BRWexplo.com
Cautionary Statement on Forward-Looking Information
This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Generally, forward-looking information can be identified using forward-looking terminology such as ‘plans’, ‘seeks’, ‘expects’, ‘estimates’, ‘intends’, ‘anticipates’, ‘believes’, ‘could’, ‘might’, ‘likely’ or variations of such words, or statements that certain actions, events or results ‘may’, ‘will’, ‘could’, ‘would’, ‘might’, ‘will be taken’, ‘occur’, ‘be achieved’ or other similar expressions. Such forward-looking information includes, but is not limited to, statements concerning the completion of the Offering and the date of such completion, and approval of the TSX Venture Exchange. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information including, without limitation, risks and uncertainties relating to mining exploration, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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