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CHF WEEKLY ROUND-UP: December 1-5, 2025

World shares were mostly higher overnight after the U.S. stock market held near its all-time high record of late October. With only two weeks of active trading remaining in December and the year, it is time to make longer-term moves as buying opportunities open up.


Prime Minister Carney and U.S. President Trump will have a brief meeting today at the Kennedy Center. Carney will also meet separately with the Mexican President, Claudia Sheinbaum, who will meet privately with the U.S. president. However, the three leaders are in Washington, D.C. for the FIFA World Cup draw to determine the tournament’s matchups, not for trade negotiations. U.S. President Trump could still decide next year to withdraw from the Canada-United States-Mexico trade agreement (CUSMA) rather than renew it. Loss of favoured trading partner status with the world's biggest consumer nation would be bad for Canada. Positive steps toward re-establishing trade talks need to happen before the end of the year. Efforts to diversify trade relationships globally are slow to start and will take years to pay off. The economy has largely shrugged off the effects of trade uncertainty with the U.S., but damage is starting to appear. Better economic growth may not come until later next year. Canada’s renewed focus on natural resource development, especially the energy and critical mineral supplies the U.S. needs, could drive higher GDP growth and improve national prosperity, though it remains to be seen how quickly projects can secure approvals amid excessive timelines. Statistics Canada said this morning that the economy added 54,000 new positions last month, again concentrated in part-time work. The Bank of Canada (BoC) is expected to hold its overnight rate on December 10, according to most economists and may keep rates steady at least until 2027.


Last week, U.S. stock markets were closed on Thursday for Thanksgiving Day and then closed early for Black Friday, but crept higher this week, heading for another all-time high. Traders and investors are once again betting that the Federal Reserve (Fed) will cut U.S. interest rates again when policymakers meet next week (December 9-10), with markets pricing signalling roughly 80% certainty of a 0.25% rate cut. That would be the third such cut this year and would probably boost investment prices and rev up the economy. Investors are beset by worries about potential overinvestment in AI companies and what they may have overlooked as a result, mixed with concerns about what the Fed will do with interest rates, sending markets on sharp swings this month. Who the next Fed Chair will be is open to speculation, but the markets show little concern over the name right now. The S&P-500’s 7000-point target is in sight if a Santa Claus rally occurs. The U.S. dollar (USD) declined against world currencies for a third straight week.


A better-than-expected U.S. labour market is having little impact on gold, which is seeing some technical selling pressure, even some shorts, as it battles to hold gains above the USD$4,200 an ounce resistance level. Spot gold last traded at USD$4,233.10/oz this morning. Silver is starting to build support near USD$58.00/oz, opening at USD$58.15 today.


Copper prices ran to a new record in London amid concerns of a global supply squeeze, with global inventories reportedly reaching critically low levels, while huge volumes of metal were being shipped to the U.S. in anticipation of tariffs. Prices on the LME jumped to more than USD$5.33/lb but have since retreated to around USD$5.27/lb. Nickel prices have firmed up near USD$6.70 in the last two weeks.


The cobalt price was slightly higher at USD$22.70/lb. this week. Lithium prices have been flat for three weeks at USD$13.30/kg, just over two-year lows. It is still a waiting game in battery materials as EV sales remain slow outside of China, and utility-scale battery storage is not ready to move. Battery storage faces some issues going forward. There is not enough manufacturing capacity globally to meet projected demand, nor is there enough raw material supply. The rapid expansion of AI and data centres is consuming the available industrial metals and technology materials. Investment in the battery sector continues to lag, and material prices should be expected to rise. Issuers with high-quality projects across multiple battery commodities and favourable jurisdictions that have the financial ability to sustain through tight markets should be considered for investment. A massive infrastructure investment focused on energy production and transmission, the most important elements in building the future, is required. Canada has enormous potential for “Nation Building” projects in this area, and yet none of the projects referred to the Major Projects Office have been approved to date.


We are pleased to present our round-up of client news released between December 1 and 5, 2025.


Mining



The Company will conduct a non-brokered private placement of up to 1,515,151 critical mineral flow-through common shares at a price of $0.33 per Share, for gross proceeds of up to $500,000. Arya intends to apply the gross proceeds toward eligible Canadian exploration expenses at its Dunlop Ni-Cu-Co Project.  


On December 1, 2025, Pirate Gold Corp. (TSXV: YARR) (OTCQB: SICNF) announced that its common shares commenced trading on the TSX Venture Exchange under the new ticker symbol YARR, effective that day. Pirate Gold's common shares will continue to trade on the OTCQB Venture Market under the ticker SICNF. 


"Today we set sail as Pirate Gold," said Denis Laviolette, Chairman and CEO of Pirate Gold. "Our team is focused on driving value at the Treasure Island Project, and the new name reflects a shift toward tighter execution, sharper targets, and a disciplined approach to building value. We have a full runway ahead and new tools coming online. Investors know the real upside comes from the hunt, and we are charting our next course with purpose. This is where the story starts to get exciting." 


Sokoman shareholders are not required to take any action, as all changes will occur automatically through the Company's transfer agent and through each shareholder's respective brokerage. 


The Company will be launching a new website at www.pirategold.ca, along with an updated corporate presentation and new corporate videos, in the coming weeks, as well as its updated social media channels on LinkedIn, X, YouTube and Facebook under @PirateGoldCorp. 


On December 02, 2025, Rocky Shore Gold Ltd. (CSE: RSG) announced that, through a wholly-owned subsidiary, it has entered into an option agreement and a separate purchase agreement for the acquisition of key mining claims in central Newfoundland to enhance Rocky Shore’s strategic position in one of Canada’s most prospective gold belts. The Gold Anchor Project is the second-largest (in number of claims) project in the emerging gold district, second only to New Found Gold’s Queensway Project.


The Option agreement is to acquire the Huxter Lane Property, and the Purchase agreement is to acquire the Brady property, both adjacent to the Company’s Gold Anchor Project. Two large porphyry-controlled gold deposits (Mosquito Hill and Reid) are located on these properties and are proximal to Rocky Shore’s 11-kilometre-long, structurally-controlled, high-grade Lane Pond Gold Target associated along the prolific gold-bearing Appleton Fault.  


The Huxter Lane Property comprises 90 claims covering a total area of 2,250 hectares and hosts the Mosquito Hill Gold Deposit. The previous owners had filed a Technical Report in 2010 for the Huxter Lane-Mosquito Hill Zone, which disclosed the following “historical” Mineral Resource estimate that is not being treated as a current mineral resource. 

  • Indicated Mineral Resource: 11,180,000 tonnes @ 0.55 g/t gold = 196,257 gold ounces 

  • Inferred Mineral Resource: 38,760,000 tonnes @ 0.46 g/t gold = 569,496 gold ounces 


The Brady Property is composed of four claims for a total area of 100 hectares, which hosts the Reid Gold Deposit. A previous owner filed a Technical Report with respect to the Reid Zone that disclosed the following “historical” Mineral Resource estimate that is not being treated as a current mineral resource. 


Inferred Mineral Resource: 9,570,000 tonnes @ 0.56 g/t gold = 173,000 gold ounces 


On December 4, 2025, Libra Energy Materials Inc. (CSE: LIBR) (FSE: W0R0) announced that that the Company has closed its non-brokered private placement financing for total gross proceeds of $1,209,273, consisting of 2,554,552 common shares at a price of $0.17 per Share and 3,100,000 Critical Minerals Exploration Tax Credit special flow-through common shares at a price of $0.25 per CMETC FT Share. 


The gross proceeds of the Critical Minerals special flow-through common shares will be used to fund further exploration programs on, but not limited to, the Company's Ontario and Quebec critical mineral properties, incurring expenditures that will qualify as "Canadian Exploration Expenses" and "flow-through critical mineral mining expenditures" which will be renounced to the purchasers with an effective date no later than December 31, 2025.


On December 4, 2025, Pirate Gold Corp. (TSXV: YARR) (OTCQB: SICNF) announced that it has initiated a 50,000-metre diamond drilling program at its wholly-owned Treasure Island Project in central Newfoundland. Treasure Island covers over 80 km of strike along the favourable Valentine Lake fault zone in Canada's newest gold district. 


Drilling has commenced at Treasure Island with two diamond drills on site and a third rig scheduled to mobilize in early 2026. The program will run throughout 2026, with the initial focus on expanding known zones at the high-grade Moosehead zone and on new regional discoveries throughout the district-scale project. 


Greg Matheson, VP Exploration of Pirate Gold, said, “We recognized early on in our assessment of the Treasure Island Project that discoveries were going to be made with the drill bit. With the amalgamation of so many prospects across a vast area of favourable geology, we have a truly regional-scale project on our hands with potential to host several mineralized systems.” 


A teaser video was released as the kick-off to a new corporate video series designed to bring shareholders directly into the exploration process as it unfolds. View Here or click thumbnail below.



Fintech


On November 28, 2025, Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) announced its financial results and operating highlights for the three-month and nine-month periods ended September 30, 2025, and September 30, 2024. Tenet reported revenue of $237,350 and a net loss of $3,585,179 for the quarter. All amounts in this news release are in Canadian dollars unless otherwise indicated. 


Q3-2025 Key Financial Figures 


  • Total Revenue of $237.35 thousand 

  • Net Loss of $3.59 million 

  • Cash flow from operations of -$5.77 million 


Q3-2025 Operating Highlights 


  • Made major enhancements to the Networking and Insights modules of the Cubeler® Business Development Platform.  

  • Redesigned the Cubeler.com website to better showcase the enhanced capabilities of the Cubeler® Business Development Platform.  

  • The introduction of an AI-powered data standardization application designed to unify data across diverse accounting software systems, enabling the Cubeler® Business Development Platform to rapidly support most accounting software systems used by small and medium enterprises (SMEs) in North America. 


Full details of the third quarter 2025 financial results can be found in the Unaudited Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the three-month and nine-month periods ended September 30, 2025, and September 30, 2024, which are available under Tenet's profile at www.sedarplus.ca.

 
 
 

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