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CHF WEEKLY ROUND-UP: September 22-26, 2025

September will soon be over, and it looks like it may defy the month's reputation of being a bad one for stocks.  North American markets hit a series of new highs this month until Monday, followed by three days of decline as U.S. equity markets sold off on Wednesday when Fed Chair Powell warned that “asset prices appeared fairly highly valued”. Markets appear to be recovering this morning. Remember that October has also experienced some painful stock market setbacks, although the month has also provided good buying opportunities following poor September performances. The third-quarter earnings reporting season occurs in October, and expectations are that it will be a positive one for the market. World shares are mixed this morning, tumbling in Asia and rising in European trading after President Donald Trump announced plans for new tariffs, including a 100% import tax on pharmaceuticals starting October 1, as well as other tariffs on imports of furniture and cabinetry.


Financial crises tend to be Black Swans, i.e., events that occur unexpectedly, especially when irrational exuberance is widespread and intensifying.


The TSX mirrored the U.S. markets, setting a new all-time high this week, followed by three days of weaker performance, but it is up 4.8% so far this month, surging because of its weight in resources, especially gold and precious metals. Canada’s monthly gross domestic product (GDP) grew 0.2% in July, the first increase in four months, but the early estimate for August indicated that real GDP for that month was essentially unchanged. The Canadian dollar (CAD) has been one of the weakest G10 currencies this year, pressured by structural weaknesses, including a still fragile housing market, low productivity, ongoing trade uncertainty, high government debt loads, and persistent deficit spending. Analysts warn these forces will likely keep the CAD under pressure as it further weakens against a weak U.S. dollar (USD). Parliamentary Budget Officer Jason Jacques published an updated economic and fiscal outlook on Thursday, projecting that the federal deficit would grow to CAD$68.5 billion this year, saying, “I think everybody should be concerned.” Based on the spending plans announced and a weakening economy, with a U.S. trade war, he said the path for federal finances appears broadly “unsustainable”.


The U.S. economy, as measured by GDP, rose at an annualized rate of 3.8% from April through June, the Commerce Department said Thursday, significantly higher than the 3.3% expected. Initial Jobless Claims fell, indicating continued resilience in the labour market. Today, Core PCE, a measure of inflation, was 0.2% higher in August than in July, keeping it at 2.9% annually.  The U.S. economy remains resilient and appears not at risk of any kind of recession, even with some slowing labour market growth. U.S. analysts now expect Fed rate cuts to be 25 basis points at each of the remaining two FOMC meetings in 2025, holding out the possibility that a 50-basis-point cut is possible before the year's end if the labour market continues to weaken.  U.S. lawmakers face a deadline of October 1, the start of the new U.S. fiscal year, to agree on a new stopgap spending bill to keep the government open; however, a U.S. government shutdown now appears very likely. The USD has gained some strength this week, but is down more than 10 % this year.


Gold continues to strengthen, with prices hitting a new all-time high of almost USD$3,800/oz early this week. Gold opens at USD$3,754.30/oz today, and silver is at USD$45,25/oz. The precious metal market continues to bounce higher in what some analysts are characterizing as an acceleration phase. Persistent political and economic uncertainty, expectations for additional rate cuts, robust central bank demand, and strong ETF inflows suggest that the metals are drawing interest from every corner of the financial grid. 


Base and industrial metals continue to be weaker. Commodities may have had a rough time while awaiting the next super cycle. Commodities super cycles are long, powerful waves driven by major thematic shifts. Critical resources and the capacity to process them are highly concentrated in just a few jurisdictions. China refines nearly 90% of the world’s rare earth elements, which are vital for everything from electric vehicles to defence systems. It also refines more than 40% of the world’s copper, critical for AI and electrification. We have seen many examples of countries using their control of commodity supply as geopolitical leverage.  Prime Minister Mark Carney named mining operations among the first five major projects to undergo fast-track approval under Canada’s new Major Projects Office (MPO). Key among them is Foran Mining’s McIlvenna Bay copper-zinc mine in east-central Saskatchewan, which is on track for commercial production by mid-Q2 next year, and the expansion of the Red Chris copper mine in northwestern British Columbia. While these are significant developments, the mines were already advanced and didn’t need another bureaucracy to deal with, and Canada still lacks an overall strategy to develop its critical minerals and metals sector.


We are pleased to present our round-up of news released between September 22 and 26, 2025. 


Mining


On September 22, 2025, Arya Resources Ltd. (TSXV: RBZ) announced an expansion of its current drilling program in response to the promising results of its ongoing exploration efforts. The Company intends to increase the total number of drill holes to 20, aiming to further assess and delineate the mineral potential at its property.


"We are encouraged by the progress of our current drilling program and the potential it is beginning to demonstrate. The expanded drill program will allow us to continue advancing this important phase of exploration," said Rasool Mohammad, CEO of Arya Resources.


Arya Resources is announcing two concurrent financing initiatives designed to raise a total of $1.2 million. Proceeds from the financings will be directed towards funding the expanded drilling program, geological studies, and general working capital.

 

  1. Flow-Through Financing: The Company will offer flow-through shares (the "Flow-Through Offering") to raise $600,000. The shares will be priced at $0.40 per share. This flow-through financing is being structured to allow investors to benefit from tax deductions related to Canadian exploration expenses, while enabling the Company to accelerate its exploration and development activities.

  2. Non-Flow-Through Financing: Additionally, Arya Resources will be offering non-flow-through shares (the "Non-Flow-Through Offering") for gross proceeds of $600,000. These shares will be priced at $0.30 per share. The non-flow-through financing will provide the Company with general working capital necessary to fund corporate operations while it continues advancing its exploration programs, including the expanded drill campaign.

 

On September 23, 2025, Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) President and CEO, Tim Froude, P.Geo., sat down with noted mining analyst Allan Barry Laboucan on his Rocks and Stocks News Show to discuss plans to advance Sokoman’s high-grade gold discovery in Newfoundland, located near Equinox Gold’s new Valentine Gold Mine, which just poured its first gold. Drilling to date has focused on near-surface mineralization within an orogenic gold system, which typically improves at depth. Sokoman is now preparing to drill deeper to assess the project’s full potential.




  1. 17,980,000 units at an issue price of CAD$0.05 per Unit, with each Unit comprised of one Common Share of the Company and one-half of one common share purchase Warrant, and

  2. 8,000,000 Common Shares that qualify as “flow-through shares” (FT Shares) at an issue price of CAD$0.05 per FT Share.


Each Warrant entitles the holder thereof to acquire one additional Common Share, to be issued on a non-flow-through basis, at an exercise price of CAD$0.10 until September 25, 2028, but subject to accelerated expiry terms following the expiry of the four-month and a day hold period. If the Common Shares trade at or above CAD$0.20 per share for 20 consecutive days, the Company will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.


The proceeds from the Units issued under the Second Tranche will be used for general corporate purposes. The proceeds from the FT Shares issued under the Second Tranche will be used for the exploration and advancement of the Company’s Gold Anchor Project.


Fintech


On September 24, 2025, Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) announced that Mr. Dom Mannella has joined the Company as its new General Counsel. Most recently, and just prior to joining Tenet, Mr. Mannella was an associate in the Capital Markets and Securities Group of Toronto-based law firm Fogler Rubinoff LLP and in the Business Law Group of Montreal-based law firm BCF LLP. His primary role at Tenet will be to ensure that the Company remains compliant with all regulatory and stock exchange policies to which it is subject. He will also be called upon to manage the Company's relationships with its external counsels and advisors as Tenet begins to commercialize its data-derived product offering and expand its operations beyond Canada and China.


Tenet also announced that it was notified by its auditors that the audit of the Company's year-end 2024 audited consolidated financial statements could not be completed by September 22, 2025, because the audit files for Tenet's Chinese subsidiaries were not received in time to meet the target date. The auditors are hopeful that the audit can now be completed, allowing for the Financial Statements to be filed by the end of the month. The Company's upcoming annual general meeting (AGM) of shareholders is still planned for November 6, 2025.

 
 
 

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