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CHF WEEKLY ROUNDUP: Aug. 14 - Sept. 11, 2026

Writer: John A
John A
Sep 11
6 min read

The summer of uncertainty continues. Everything that was up yesterday is down, yet today everything that was down is back up. Oil prices have been jumping since early July as the summer war with Iran continues, but then it will end soon. This week, oil prices broke USD$100.00/bbl, stoking inflationary fears. Globally, bond yields are rising, and the higher rates have supported the U.S. dollar (USD). The “September Effect”, where markets tend to perform poorly during the month of September, seems to be setting in. A “spillover” effect from a particularly volatile or weak September could set a nervous tone for October, further influencing negative investor behaviour. During the past month, global markets have all moved to the downside, all for varied reasons; look for entry points.


Since the collapse of trade talks between the U.S. and Canada, the TSX has been volatile. The big Canadian banks were reporting some excellent results during the first week, and the Gold price was strong, so the index held up quite well. By the end of that week, rhetoric had started to heat up, and the index was sliding until the end of August. The war in Iran kicked up again, causing oil prices to jump up, and energy issuers lifted the TSX during the first week of September. Canada's counter-tariffs took effect this week, and the TSX is down more than 2.5%, but rebounding early today. The Venture exchange is down 8% since the end of trade talks and down 5.3% this week.


The major U.S. exchanges are down between 1.5% and 2.6% in a week. The “trade war” is a minor irritant to the U.S. investor, who is much more concerned about inflationary pressure from the high oil price, a possible “bubble” about to burst in the AI space, whether the money be in software or in AI infrastructure, the threat of a rise in the Fed rate and then the mid-term elections are causing further chaos. The next Federal Reserve (Fed) meeting is September 15 - 16, and there is considerable uncertainty about what policymakers will do. Economic data is scattered, but expectations for another rate hike are more than 60% on recent stronger economic data and renewed inflation concerns. Given the U.S. debt levels and the ongoing spending, there is little to no room for higher interest rates, despite the bond market.


Gold is moving up this morning, opening at USD$4,391.90/oz., and silver is following at USD$64.89/oz at the open. A Fed rate hike could send them lower by the end of next week, but a hold could push them up; signals are mixed. This week, the ECB announced it would raise its three key interest rates by 25 basis points. Gold has been building a support level just below USD$4,400/oz and needs to hold that level to continue rising. Shares of gold producers are still undervalued after the summer washout, and the recent higher gold prices will be reflected in earnings in the next reporting cycle. Buying opportunities in the metals and shares will continue to arrive.


Copper opens at USD$6.47/lb today after record highs of USD$6.90/lb this week. A year ago, it was USD$4.60/lb. Peak Chinese buying season is starting, and the Iran war continues to impact production from South American operations that depend on the flow of sulphur for acid production. The next few months could see some good movement. Nickel has yet to recover from its summer lows.


Lithium prices have been under pressure this month, falling to USD$21.60/kg as uncertainty over mine production levels in China continues. Cobalt prices have dropped sharply to USD$19.82/lb on lower EV sales but mostly as battery chemistries are increasingly cobalt-free. Uranium has been creeping up over the summer, reaching USD$90.00/lb, as larger economies move more to nuclear generation, while production from Kazakhstan remains lower.


The CHF Weekly Roundup returns to its normal schedule, with the next issue expected on September 18, 2026.


Mining


  • Eastern Trend shallow drilling continues to deliver high-grade assay results along its southern extension, with 30.6 g/t Au over 1.35 m, including 89.7 g/t Au over 0.40 m in PGC-26-112

  • Western Trend drilling down-dip of the surface vein exposure yielded 4.25g/t Au over 6.65 m, including 40.8 g/t Au over 0.50 m in PGC-26-087

  • Caribou Fault Zone is a newly identified parallel fault structure to the Eastern and Western Trend Faults, where shallow drilling has identified significant assay grades up to 2.88 g/t Au over 2.45 m including 4.63 g/t Au over 0.90 m in PGC-26-100

  • Rib Vein results include 1.29 g/t Au over 4.25 m in PGC-26-082 and 6.15 g/t Au over 0.55 m in PGC-26-080. The vein has been traced over 200 m of strike and to depths of 90 m


Season 1, Episode 17 of Pirate Gold Treasure Hunters is now available, watch below:



On September 1, 2026, Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) provided a further exploration update from its Excelsior Springs Project.   Mammoth Minerals Limited has reported new high-grade gold intercepts from reverse circulation (RC) drilling at Lunchbox Ridge on the Buster Trend, on a previously untested parallel structure approximately 700 m along strike from the Buster Mine Zone.


On September 2, 2026, Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) reported assay results from drilling at the Moby Dick copper-gold discovery and the Western EM anomaly within the Crippleback Intrusive Suite at its 100%-owned Treasure Island Project in Central Newfoundland.


  • PGC-26-118: Collared approximately 100 m west of discovery holes PGC-26-058 and PGC-26-068, the hole intersected 0.24% Cu Eq over 299.4 m from 12.6 m downhole.

  • Higher-grade intervals: The broad interval includes 0.43% Cu Eq over 56.5 m, including 0.52% Cu Eq over 35.6 m, and a separate interval of 0.43% Cu Eq over 19.8 m.

  • Mineralization continues at depth: PGC-26-118 re-entered copper-gold mineralization below a mafic dyke, returning 0.23% Cu Eq over 72.7 m, including 0.33% Cu Eq over 37.0 m.


"Each round of drilling is making Moby Dick more compelling. Broad copper-gold mineralization has now been intersected in three holes, yet most of the four-kilometre alteration system remains untested. With assays pending, barge drilling preparing to assess beneath Crippleback Lake and MobileMT underway, we have multiple opportunities to expand the mineralized footprint and target what we believe could be the stronger parts of this large system," said Denis Laviolette, Executive Chairman and CEO.


Season 1 Episode 18 of Pirate Gold Treasure Hunters - Moby Dick Part 3 is now available; watch below:




Mr. Leigh has been involved in the resource sector for nearly 40 years and has served in significant roles as a founder, director and/or investor in numerous public companies and has invested in early-stage opportunities across the resource sector.


In connection with Mr. Leigh's appointment, Mr. Brian Power has resigned from the Board and will continue to work with Athena in a consulting capacity.


On September 11, 2026, Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) announced that it has completed a vertical amalgamation under section 273 of the Business Corporations Act (British Columbia) with its wholly-owned subsidiary, Last Bounty Gold Corp., effective September 10, 2026. The resulting amalgamated company continues as Athena Gold Corporation, maintaining the same articles, directors and officers as prior to the completion of the amalgamation. No securities of the Company were issued in connection with the amalgamation, and the Company's name and share capital remain unchanged. 

Fintech On August 14, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTCID: PKKFF) clarified that the Company expects to earn gross margins of 8% to 10% on the CAD$225 million minimum-guarantee annual services agreement recently signed by the Company, as previously announced.


On August 18, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTCID: PKKFF) announced that it received the first royalty payment of approximately CAD$110,000.00 from one of its Chinese operating subsidiaries related to the rights granted to the subsidiary to use and operate the Company's platforms in China.



On August 26, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTCID: PKKFF) announced its financial results and operating highlights for the three-month period ended June 30, 2026. Tenet reported revenue of $52,785,664 for the quarter, compared to $433,570 in the second quarter of 2025, and a net profit of $2,662,136 for the second quarter of 2026, compared to a net loss of $1,828,881 in Q2-2025. All amounts in this news release are in Canadian dollars unless otherwise indicated.


Q2-2026 Key Financial Figures

  • Total Revenue of $52.78 million

  • Net Profit of $2.66 million


On September 4, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTCID: PKKFF) (FSE: WKN A2P30L) announced that the transcript of the Q&A interview related to the filing of the Company's financial results for the second quarter of 2026 conducted with Tenet CEO, Johnson Joseph, is now available on the Company's website in the "Investor Resources" section under "Earnings Calls and Q&As", or Read Here.

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