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CHF WEEKLY ROUND-UP: March 2 - 6, 2026

Traders and investors continue to watch the conflict in the Middle East and attempt to assess what it means for markets. The war in Iran has entered a sixth day with little sign of easing, as the Islamic Republic again vowed to intensify its retaliation. Many Arab states across the Middle East, as well as Israel, have reported Iranian missile and drone attacks. Qatar has instructed residents to remain indoors due to the high-level threat, as it locks down gas exports to Europe. The initial thought was that the war might be a short one, but it is looking like a longer conflict. The Iranian regime has adopted a strategy of creating widespread chaos, with the large inventory of missiles and drones they hold. The hope appears to be that they can pressure their adversaries to negotiate a ceasefire that keeps them in power. Geopolitical events are always a negative for commodities; be very selective in this market.


Most global markets have been volatile and have declined this week. Many Investors sold whatever was liquid and moved into U.S. Treasuries for security, and the U.S. dollar (USD) rose to a high for this year after ten months of decline. Other investors bought the dips in gold, silver and the related shares.  


This week, Canada and Australia signed new agreements on critical mineral supplies.  The “G7 Alliance” is a Canada-led initiative to diversify and secure global critical minerals production and supply. Canada and Australia together produce about a third of global lithium and uranium, as well as more than 40% of global iron ore. A “Comprehensive Strategic Partnership” with Japan was also signed, looking to deepen ties across defence, energy, and technology.


Gold was pushed down to USD$5,069.00/oz at opening this morning and continues finding support just below USD$5,100.00/oz and resistance at USD$5,200.00/oz. Silver is opening at USD$81.62 this morning. Keep looking for buying opportunities in gold and silver as well as in the precious metal equities, especially the undervalued junior sector.


Base and industrial metals are all down through the first week of March. Copper is near USD$5.80/lb today, and nickel is at USD$7.78/lb. In Battery and critical material markets, cobalt held steady at USD$25.53/lb, but lithium is down almost 12% at USD$22.33/kg, but still up more than 30% year to date.  Uranium is holding at USD$82.20/lb.


We are pleased to present our round-up of client news released between March 2 and 6, 2026.


Mining



Rasool Mohammad, CEO of Arya Resources, stated: "Our objective with the 2026 program was to better understand the geometry and continuity of the iron formation units at Wedge Lake. Intersecting a broader and more intensely altered sulphide-bearing interval strengthens our geological model and expands our understanding of the system. We look forward to reviewing the assay results as they become available and will continue advancing the program in a disciplined and systematic manner."


Recent drilling in the T-6 Zone area intersected several quartz-vein intervals, followed by a previously unknown, broad interval of sulphide-bearing iron formation at depth in drillhole AR26-16, drilled as a 25 m step-out behind AR25-10, completed during the 2025 drill program.


AR26-16 intersected a series of quartz veins at depth, which represent the down-dip extension of the veining intersected in the previous drillholes. This was followed by an unexpected sulphide-bearing iron formation. This iron-formation interval had not been intersected in previous drilling at the T-6 Zone. Visually, the sulphidized iron formation appears similar to the iron-formation units intersected at the Twin Zone, located 1,000 m to the east, and may suggest that the T-6 Zone sits stratigraphically above the Twin Zone. Additional drilling will be required to fully understand the geology and the relationship between the T-6 and Twin Zones. These results represent a significant opportunity for continued exploration in the area.



On March 2, 2026, Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) announced the receipt of permits (PR 25 00201) for its upcoming drill program at its flagship Laird Lake project, located in Ontario's world-class Red Lake Gold District. With receipts in hand, drill contractors selected, and targets further refined (including new geophysical interpretations), the Company plans to mobilize in the coming weeks.


"Our upcoming program marks a major milestone for Athena, representing our first shot on the net to make a grassroots gold discovery in Ontario. It follows two years of extensive data collection, comprising surface grab sampling, mapping, till geochemistry, and geophysical interpretation. This initial, ~5,000-metre diamond-drilling program will assess both geophysical and geochemical anomalies," said Koby Kushner, CEO of Athena.


Athena also announced that it has entered into an exploration agreement dated February 20, 2026, with Wabauskang First Nation ("WFN") to promote a cooperative and mutually respectful relationship concerning the Laird Lake project situated in the Red Lake Gold District of Ontario, or any other additional mining claims or properties in which Athena may acquire an interest, located within the WFN's traditional territory.



A ~5,000 m, eight- to ten-hole diamond-drill program has been designed to evaluate geophysical anomalies (G1, G4-G6) and the Rigby showing within the Bounty geochemical anomaly. Athena has completed an in-depth review of historical data and supplemented it with new field observations to reinterpret the controls on mineralization.


Athena has identified two main controls on mineralization at Laird Lake referred to as Generation 1 & 2. Generation 1 is dominantly in an east-west orientation and is generally observed as a replacement-style mineralization characterized by the presence of pyrite, arsenopyrite and tourmaline. Generation 2 is characterized by a northeast orientation and locally cutting the first generation. Mineralization is largely hosted within quartz-pyrite-chalcopyrite veins and may return high-grade gold values.



This week, PDAC 2026, the World’s Premier Mineral Exploration & Mining Convention, took place from March 1 - 4 in Toronto, Canada. The Convention attracted the largest-ever audience of 32,155 attendees from more than 125 countries for its educational programming, networking events, business opportunities and fun.


After a long dry spell, the spotlight is firmly back on commodities, exploration, and mining. CHF featured six mining clients, all of whom had a hugely successful presence in the Investors Exchange, attracting new investors and followers. Now these clients are eager to get to work on their projects, and we look forward to bringing you the exploration results being reported by:

 
 
 

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