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CHF WEEKLY ROUNDUP: June 1 - 19, 2026

Canada made history in its second match of the 2026 FIFA World Cup, with its first-ever tournament win! Go Canada!!


World shares were mixed overnight, and with U.S. markets closed today for Juneteenth, U.S. market futures declined. Optimism over the U.S.-Iran deal to end the war has faded with the postponement of talks on Iran’s nuclear program and getting oil moving through the Strait of Hormuz, while Israel’s military said its forces struck targets throughout southern Lebanon overnight.


The TSX has set yet another all-time high this month, but stalled mid-week when the Bank of Canada held on interest rates and oil and gold prices declined, but the index remains to the upside on the month. The Venture exchange has struggled so far this month, down 7%, as metal prices have been under pressure. The Bank of Canada Governor, Tiff Macklem, acknowledges some recent weakness in the Canadian economy but avoids using the word “recession”. The central bank’s policy rate remains at 2.25%, likely for the rest of the year.


U.S. markets were dominated by the arrival of an Iran peace deal and the post IPO SpaceX, with a market value that ran above USD$2 trillion before falling back. Major indices were all at new all-time highs. Wednesday, the U.S. Federal Reserve (Fed) held interest rates steady, but policymakers expect an increase hike in borrowing costs later this year amid growing concerns about inflation. New Fed Chairman Kevin Warsh declined to provide forward guidance on what the Fed will do next, which was seen as hawkish.


Spot gold prices are lower at USD$4,148.70/oz and spot silver prices are at USD$64.57/oz, both weaker, after the U.S. dollar tested yearly highs and traders continued to reprice based on the perceived “higher-for-longer” signal emerging from Wednesday’s Fed policy meeting. While precious metals may be entering a period of price volatility, any further weakness in gold prices should probably be considered a strategic buying opportunity rather than the beginning of a sustained decline. Too many “gold bears” is a bullish sign.


Metal prices have been erratic this month as concerns over the war, oil prices, supply stability, and interest rates have created waves of uncertainty. Increasing signs of weakness in the Chinese economy are also putting some pressure on the expected demand levels of the world’s largest metal consumer.


The CHF Weekly Roundup continues with its Summer schedule, with the next issue expected on July 17, 2026.


We are pleased to present our roundup of client news for the period June 1 to 19, 2026.


 Mining



The SBC project, together with Libra's Flanders North and Flanders South projects in Ontario (collectively, the "Kobra Projects"), is being explored under a KoBold-funded, CAD$33 million earn-in agreement, aimed at unlocking the potential of these critical mineral projects by leveraging KoBold's artificial intelligence and machine-learning technologies alongside Libra's proven exploration expertise.


"With this payment, every project in our portfolio is now 100% owned by Libra, with no third-party option payments remaining. We thank KoBold for their continued support and interest in the SBC project. SBC, in my view, represents one of the most underrated early-stage lithium projects in Canada, with spodumene-rich outcrops extending for >13 km, high-grade grab samples up to 6.64% Li2O, and proximity to key infrastructure," said Koby Kushner, CEO of Libra Energy Materials. "We believe the SBC area represents a new spodumene belt, and we remind shareholders that our nearby Toivo project, which is not subject to the EIA, straddles the same geological subprovince boundary as SBC, yet remains unexplored to date. Libra is preparing a 2026 work program to get initial 'boots-on-the-ground' at Toivo, subject to ongoing consultations."


 


Map of the SBC project showing surrounding projects, including regional greenstone belts, and subprovince boundaries


On June 9, 2026, Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) provided an update across its portfolio of gold projects in Ontario, Canada, including Laird Lake and Forester and Excelsior Springs, Nevada, USA. Drilling remains ongoing at Athena's Laird Lake project, located in the Red Lake Gold District, in proximity to West Red Lake Gold's Madsen Mine and Kinross Gold's Great Bear Project. Meanwhile, the Company has begun consultations with relevant stakeholders near its recently acquired Forester project, located along strike of Orla Mining's Musselwhite Mine, ahead of its maiden exploration campaign. Mammoth Minerals Limited, Athena's option partner at its Excelsior Springs project in Nevada, continues to work towards a Mineral Resource estimate at the Buster Trend, expected in Q3/2026.


Laird Lake - Red Lake Gold Camp, Ontario


Following the recent identification of visible gold in Hole 5, Athena completed a strategic follow-up hole (LL-26-006), designed to test the G4 anomaly from a different angle, as well as test the Pit zone at depth. Hole LL-26-006 returned encouraging visual results as it intersected an approximately 50 m wide section (downhole width, true width unknown at this time) of locally mineralized mafic metavolcanics with abundant quartz veining near the top of the hole, similar to what was observed in Hole LL-26-005. Further, Hole LL-26-006 intersected another section of locally mineralized mafic metavolcanic rocks with abundant veining from ~227 m-238 m down the hole.


Quartz veining should not be considered a substitute for laboratory assays.



Plan view map of diamond drill holes near the Balmer-Confederation contact.

 

Forester - Musselwhite Gold Camp, Ontario


Spanning 4,900 hectares, the Forester project is located within the North Caribou Greenstone Belt, down strike of Orla Mining's Musselwhite Mine. The project is prospective for multiple styles of orogenic gold deposits, including:


  • Banded iron formation hosted gold, high-grade vein-style, similar to Musselwhite, and

  • Bulk-tonnage style gold, primarily at the local Tex Zone


The Company views the Tex Zone as a missed opportunity by prior operators, who favoured narrow, high-grade vein targets such as Musselwhite. The Tex Zone was last drilled in the 1980's, presenting a compelling opportunity to apply modern exploration concepts to old, forgotten targets. Historical drill programs returned up to 0.7 g/t Au over 89 m of core length and open along strike and at depth. Of the 89 m of core length, only ~60 m was assayed, with residual core lengths assumed to grade 0 g/t Au.


This upcoming field season is expected to comprise airborne geophysics, LiDAR, and boots-on-the-ground prospecting. The Company has engaged SkyTEM to fly a high-resolution airborne electromagnetic (EM) and magnetic survey, which is expected to provide deep-penetrating subsurface structural data to map conductive iron formations and delineate key lithological contacts under cover. Following the survey, the Company's technical team from Nemo Resource Group is planning a prospecting, mapping, and sampling program, with a key priority of tracing the Tex Zone along the contact between mafic metavolcanic rocks and mafic intrusive (gabbroic) rocks.


Excelsior Springs - Walker Lane Trend, Nevada


Athena's option partner at the Excelsior Springs Gold project in Nevada, Mammoth Minerals Limited (ASX: M79), continues to make strong progress pursuant to its option agreement to earn an 80% interest in the project over five years, providing Athena a free-carry to Definitive Feasibility Study thereafter. Recent reverse-circulation (RC) drilling has further expanded the mineralized corridor at the Buster Trend, which now extends over 7 km of prospective strike length. 


On June 10, 2026, Rocky Shore Gold Ltd. (CSE: RSG) (OTCQB: RSGLF) reported that its initial reconnaissance drill program at the Lane Pond Gold Target has identified a near-surface bulk-style gold zone, interpreted to be associated with the prolific Appleton Fault. The Gold Anchor Project drill program has now expanded from 3,500 m to 12,500 m.


To date, 13 holes have been completed, with samples from three holes assayed and reported. Results from the remaining holes will be released once received. Bulk-style gold intervals from the three reported holes, interpreted as approximate true thicknesses, are highlighted below.

  • 13.26 m grading 0.41 g/t Au, including 2.70 m grading 1.00 g/t Au (LP-26-01)

  • 14.91 m grading 0.44 g/t Au, including 3.99 m grading 1.10 g/t Au (LP-26-01)

  • 8.11 m grading 0.84 g/t Au, including 5.03 m grading 1.10 g/t Au (LP-26-02)

  • 17.02 m grading 0.65 g/t Au, including 8.7 m grading 1.02 g/t Au and 4.35 m grading 1.41 g/t Au (LP-26-07)

 

The gold zone has been intersected in eight widely spaced drill holes over 400 m of strike, 600 m down-dip, and from 50 to 240 m vertically, and remains open in all directions. The discovery lies within the 11.0-km Lane Pond Gold Target, a largely untested north-trending VTEM geophysical anomaly east of the Company's Mosquito Hill and Reid open-pit gold deposits.


Ken Lapierre, President and CEO of Rocky Shore, commented: "The first phase of drilling at Lane Pond has delivered exactly what an early reconnaissance program is meant to achieve: confirmation of a large, gold-bearing, sulphide-rich alteration zone in a highly prospective structural setting. These initial assays show that the system contains gold and, just as importantly, that drilling has defined scale, continuity, and clear targets for follow-up work.


Lane Pond is not a small, isolated target. It lies within an 11.0-km geophysical, geological, and structural trend linked to the Appleton Fault Corridor, one of central Newfoundland's key gold-bearing fault systems. Importantly, drilling to date has tested only a small part of this broader corridor. The combination of Induced Polarization signatures, the VTEM response, and current drill results indicates that the sulphide-bearing, quartz-carbonate stockwork bulk-style gold zone could extend beyond the area drilled so far, and that we are still in the preliminary stages of assessing a potentially larger system.


The additional 9,000 m of drilling reflects our view that Gold Anchor could host multiple gold systems, including broad bulk-style mineralization and higher-grade, structurally controlled zones. The next phase of drilling will further define the scale of the bulk-style gold zone while targeting the most prospective structural and geophysical areas for stronger gold mineralization.”

 

 


On June 11, 2026, Arya Resources Ltd. (TSXV: RBZ) announced final results from its Phase 2 winter 2026 drill program at the Wedge Lake Project, located in the La Ronge gold belt of north-central Saskatchewan. Drilling continues to return highly encouraging assay results from the Twin Zone, with significant gold and silver mineralization intersected in every single drill hole, alongside elevated scandium (Sc) grades outside of the primary gold zones.


The winter drill program has also resulted in the exciting discovery of the Triplet Zone, located approximately 1,000 m west of the Twin Zone, which has been the focus of drilling to date. The Triplet Zone discovery has significantly expanded the project's exploration footprint and revealed the potential for a large, interconnected mineralizing system at Wedge Lake.


Rasool Mohammad, President and CEO of Arya Resources, commented: "Every drill hole completed during the Phase 2 program intersected gold mineralization, which continues to demonstrate the strength and continuity of the Wedge Lake system. The higher silver grades returned from multiple holes were a pleasant surprise and suggest silver may be far more pervasive throughout the mineralized system than previously recognized.”


Highlights:

  • 100% Success Rate: Every drill hole in the Phase 2 program successfully intersected gold and silver mineralization.

  • High-Grade Intercepts from the Twin Zone:

    • Drill hole AR26-15 returned 4.85 g/t Au over 10.70 m, including a spectacular 18.99 g/t Au over 2.0 m.

    • Drill hole AR26-11 returned 3.91 g/t Au over 5.00 m, including 5.92 g/t Au over 3.00 m and 2.05 g/t over 10.00 m, including 4.77 g/t Au over 3.00 m

  • New Triplet Zone Discovery: A 25-metre step-out hole targeting vein-style gold mineralization at the T-6 Zone intercepted an unexpected broad interval of sulphide-bearing iron formation at depth that mirrors the geological characteristics of the Twin Zone.

    • Drill hole AR26-16 returned 6.05 g/t Au over 10.85 m, including 15.47 g/t Au over 2.70 m from the iron formation horizon

  • Pervasive Silver & Elevated Scandium: Widespread moderate-grade silver mineralization was encountered across almost all sampled intervals, accompanied by anomalous scandium, returning grades of up to 64.12 ppm Sc and 18.4 g/t Ag


Fully Funded for Phase 3: Following these results, the Company is fully funded and currently planning its follow-up Phase 3 drill program, which will be focused on continuing to expand the footprint of mineralization at the Twin and newly discovered Triplet Zones, along with drill testing additional historic gold occurrences on the Wedge Lake Property.



Twin and T-6 Zones Drilling Map


On June 11, 2026, Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) reported initial assays from its maiden auger drill program at its 100%-owned Penelope Project ("Penelope" or the "Project") in Minas Gerais, Brazil. The first six holes returned consistent grades near surface, including multiple intervals exceeding 1,000 ppm total rare earth oxides ("TREO") such as 2.0 metres ("m") at 2,033 ppm TREO, underscoring the potential for robust rare earth elements ("REE") enrichment. The initial phase is focused on the high-priority Elena, Gaia, and Nice targets, where previous sampling returned grades of up to 3,103 ppm total REEs. The auger program has now been completed, with all 22 holes drilled. Assay results have been received for the first seven holes, and results for Holes PLE-AD-008 through PLE-AD-022 remain pending.


"These initial results highlight the strength of the near-surface REE enrichment at Penelope," said Koby Kushner, CEO of Libra. "It is still early days, with an average hole depth of only 17 m; however, we are impressed with the high proportion of magnetic REEs in the system, the high-grade gallium kickers, and the consistency across the initial holes. As we continue advancing the work program, we are also assessing strategic options that can unlock value for shareholders while keeping Libra focused on its core lithium strategy."


 

Map over the Elena target at Penelope, showing auger drill hole locations.



Highlights from Mammoth - Excelsior Springs Project, Nevada

  • Rock and channel sampling of prospective high-grade trends at the Blue Dick Mine Prospect delivered bonanza silver grades, increasing confidence and confirming strike continuity across mineralized trends, with significant new assay results including:

    • 0.20 m @ 17,582 g/t Ag, 0.75 g/t Au, 2.76% Cu, 1.72% Sb - MREX00625 - Channel Sample

    • 0.50 m @ 3,407 g/t Ag, 0.54% Cu, 0.47% Sb - MREX00621 - Channel Sample

    • 15,336 g/t Ag, 7.46 g/t Au, 2.53% Cu, 0.31% Sb - MREX00718 - Grab Sample

    • 3,945 g/t Ag, 14.4 g/t Au, 0.73% Cu, 0.17% Sb - MREX00721 - Grab Sample

    • 1,760 g/t Ag, 1.98% Cu, 0.32% Sb - MREX00626 - Grab Sample

    • 1,450 g/t Ag, 1.87 g/t Au, 0.22% Sb - MREX00745 - Grab Sample

    • 12.2 g/t Au, 48.9 g/t Ag - MREX00698 - Grab Sample

  • Channel sampling of adits and rock exposures across the Blue Dick Mine Prospect has also highlighted critical mineral potential, with significant results including:

    • 3.02 m @ 1.61% Cu, 14.3 g/t Ag - MREX00666-669 - Channel Sample

    • 4.57 m @ 1.49% Cu, 24.5 g/t Ag - MREX00656-661 - Channel Sample

    • 5.84 m @ 0.99% Cu - MREX00643-649 - Channel Sample

  • These latest results define high-confidence targets that extend over hundreds of metres of strike within more than 6 km of prospective strike at Blue Dick, where parallel trends each extend for over 3 km. These areas will form key targets for the RC drilling program planned to commence in Q3 2026.

 

On June 17, 2026, Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) announced the appointment of Dr. Jérémie Pfister, PhD, P.Geo., as Vice President of Exploration, effective immediately. Dr. Pfister is a renowned pegmatite geologist with existing familiarity with Libra's portfolio, having previously served on the Company's Advisory Board. Outgoing Vice President of Exploration, Ben Kuzmich, will remain active with the Company as a Technical Advisor, contributing to the Company's exploration efforts in Canada in particular.


Dr. Pfister is a highly accomplished exploration geologist specializing in hard-rock lithium systems and rare-metal pegmatites, with a decade of combined academic research and industry experience advancing critical minerals projects across Canada, Brazil, Suriname, and the United States. He holds a PhD in pegmatite ore deposit geology from Laurentian University and a BSc in Geology with a minor in mining engineering from the University of Arizona. Dr. Pfister originally joined Libra as a Technical Advisor in late 2025 and became more involved in early 2026 when he joined Nemo Resource Group, a Canadian consulting firm and project generator that serves as the "back office" for Libra's Canadian exploration team. Prior to joining Nemo, Dr. Pfister served as Geology Manager at Targa Exploration, where he led successful lithium and gold targeting and discovery programs.


"We are thrilled to welcome Dr. Jérémie Pfister to the Libra team as our new Vice President of Exploration. His deep expertise in lithium pegmatite systems has already added tremendous value with helping us prioritize targets across Canada and Brazil, and we are confident in his ability to lead our global exploration efforts going forward," said Koby Kushner, CEO of Libra. "I would also like to extend a heartfelt thank you to Ben Kuzmich for his endless contributions to date, including co-founding the Company and generating new discoveries, including those seen at SBC and Flanders South. I look forward to continuing to work with him in his advisory role."


On June 17, 2026, Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) announced exploration drill results from Crippleback at its Treasure Island Project, where broad zones of Copper-Gold Mineralization were encountered within the Moby Dick Alteration Zone at Crippleback. The Treasure Island project in Central Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in Canada's newest gold district.



Map showing the location of Crippleback


Moby Dick:


The Neo-Proterozoic Crippleback Intrusive Suite covers 40 km of strike length along the Valentine Lake Fault in the southern portion of the Treasure Island Project. A large advanced argillic alteration zone first identified in 2024 and named Moby Dick has been confirmed by drilling to measure 3100 m long, 850 m in width and to depth of 500 m. The full extent of the alteration zone is not known and is only limited by drilling to date. Results from the first three drill holes testing Moby Dick have shown broad intervals of copper and gold mineralization, consistent with a Copper Porphyry-High Sulphidation Epithermal-style mineralizing system.


Drilling Highlights Include:

  • 0.38% Cu eq over 112.4 m including 0.72% Cu eq over 45.0 m (PGC-26-058)

  • 0.54% Cu eq over 180.8 m including 1.48% Cu eq over 49.4 m (PGC-26-068)


"Today's results provide only a small glimpse into what may ultimately prove to be a much larger and more significant copper-gold district," said Denis Laviolette, Executive Chairman and CEO. "Today marks a new dawn of discovery on Treasure Island. At a time when large, multi-billion-tonne copper discoveries are increasingly rare, we have completed the first few drill holes into what could prove to be an industry unicorn: a large-scale gold-copper system with district potential. Moby Dick represents the first of several regional targets exhibiting geological characteristics consistent with a widespread high-sulphidation epithermal gold-copper environment. These preliminary drill results returned significant mineralization within both distal argillic and advanced argillic alteration, providing early confirmation of a robust hydrothermal system.”


Regional prospecting and mapping further demonstrate that this alteration and associated mineralization extend across an area measuring approximately 32 kilometres by 8 kilometres along a network of major fault structures. The opportunity to vector toward feeder zones, bonanza-grade mineralization, and the high-grade core of the system remains one of the most exciting aspects of the emerging geological model.



Map Showing Regional Potential Across 32 km of the Crippleback Intrusive Suite


In Episode 13 of Pirate Gold Treasure Hunters, the Pirate Gold crew dives into the new grassroots copper-gold porphyry/epithermal discovery at Crippleback. What started with copper showings in roadside ditches has grown into a large advanced argillic alteration system now confirmed by drilling to measure 3,100 m long, 850 m wide and 500 m deep. The white whale has surfaced at Crippleback.



On June 19 Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) CEO, Denis Laviolette, joined Allan Barry Laboucan on his Rocks and Stocks News Program to discuss the Grassroots Copper Discovery at Moby Dick. Watch below:


Fintech


On June 9, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) announced that, further to the Company's news release dated May 27, 2026, and following the issuance of the partial revocation order granted by the Ontario Securities Commission (the "OSC") on May 25, 2026, the Company closed the previously announced non-brokered private placement financing. The Private Placement consisted of the issuance of 55.2 million common shares at a price of $0.05 per share for aggregate gross proceeds of $2.76 million.


The proceeds of the Private Placement should allow the Company to cover urgent short-term financial obligations, including rent, audit and legal expenses, until such a time that the failure-to-file cease trade order placed on the Company's securities on May 7, 2025 (the "FFCTO") can be lifted to allow the Company to raise additional operational capital.


The Company is actively working to remedy the default that led to the FFCTO. Until the FFCTO is revoked, the Company's securities, including the common shares issued in connection with the Private Placement, will remain subject to trading restrictions, and may not be traded by the public in Canada.


Save the Date


Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) invites investors and other interested parties to REGISTER to attend the June 26, 2026 Company live webinar presentation, interview, and audience Q&A.


LIbra CEO, Koby Kushner, will provide an update on Libra's portfolio of projects with a focus on its Toivo lithium project, its SBC project (with KoBold earn-in) and its Brazilian rare earths exploration project. Management will also dive into its hybrid project generator model which provides a broad risk-lowering model while maintaining the full upside opportunity for its flagship projects.


The webinar will be a live, interactive online event where attendees can ask the presenters questions in real time. A recording will be available for those who cannot join the live event.


Radius Research Pitch, Deep Dive, and Q&A with Libra Energy Materials Inc.


Presentation Date & Time: Friday, June 26th @ 11 AM ET / 8 AM PT


Webcast Registration Link: https://bit.ly/LIBR-webinar


 
 
 

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