CHF WEEKLY ROUNDUP: June 19 - July 17, 2026

The summer of uncertainty continues. Another peace agreement with Iran has failed, and hostilities continue to inject worries into global markets. Oil prices surged as a result, and concerns about renewed inflation increased. Stocks related to artificial intelligence (AI) have been under pressure due to their very high prices and increasing concerns that AI implementation might not produce the productivity gains expected or the promised profit levels. Some pundits are calling for an extended bear market, and funds have been moving to defensive holdings.

The TSX has been essentially flat for the last month but is still holding near its most recent all-time high. The Venture exchange is down 13% during the last month and has been in a downtrend since the start of the war in the Middle East, as cash has fled to safer sectors. On Wednesday this week, the Bank of Canada (BoC) announced that it is holding its policy rate at 2.25%. While the BoC expects the Canadian economy to improve, despite the flatlined growth over the past 18 months, with GDP growth close to zero, there is little room to increase rates. The outcome of Canada’s trade relationship with the United States and the war in the Middle East remain the two biggest risks.

U.S. markets have been highly volatile this month, with the S&P 500 and NASDAQ down 1%- 2% and the Dow up 1%. A report showed U.S. inflation was not as bad last month as economists expected, and consumer prices for gasoline, food and other costs of living were 3.5% higher than a year ago. The Federal Reserve meets to consider interest rates at the end of the month, with an announcement scheduled for July 29, 2026. No change is expected. The U.S. dollar (USD) continued to be too strong, gaining 1.3% against global currencies during the last month.

Gold, opening at USD$3,987.30/oz today, has spent much of the last month building a support level near USD$4,000/oz, with Central Bank buying continuing. Silver, opening at USD$55.11/oz today, is showing support at USD$55.00/oz. Downside surprises may happen, but those should be regarded as buying opportunities. Share prices of producers look oversold at this point and may be bargains for the next month or two.

Base and industrial metals continue to be under pressure amid trade tensions due to the conflict in the Middle East. Copper has managed to hold above the USD$6.00/lb level for the last month.

Lithium prices continue to show some weakness amid reports of increasing production at Chinese mines. Cobalt prices have held steady despite concerns about export controls by the DRC.

The CHF Weekly Roundup continues its Summer schedule, with the next issue expected on August 14, 2026.

We are pleased to present our roundup of client news for the period from June 19 to July 17, 2026.

Mining

On June 22, 2026, Arya Resources (TSXV: RBZ) announced the appointment of Cathy Hume to its Board of Directors. Cathy Hume has built her career in Investor Relations, specializing in emerging companies, by recognizing their intrinsic needs from the perspective of a Toronto retail stockbroker, a position she held for 11 years. Cathy's integrity and approachable nature have built lasting business relationships and helped her IR portfolio grow exclusively through referrals since 1993.

On June 25, 2026, Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) announced visual observations from step-out drilling at the Moby Dick copper-gold discovery, part of the Crippleback area at its Treasure Island Project in Central Newfoundland. 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

Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) also released a new video, “Treasure Hunters Season 1 Episode 14 - Moby Dick Part 2

https://www.youtube.com/watch?v=0wQCOExTH7I

Pirate Gold Treasure Hunters - S1 EP14 - Moby Dick Part 2

On July 2, 2026, Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) provided an exploration update from its flagship Laird Lake Project in Ontario's Red Lake Gold District. The Company has completed its drill program at the Project, which comprised a total of 5,134 metres across nine diamond drill holes (Figure 1/Table 1). The Company expects to receive all pending assays by early August. Crews have now commenced demobilization, with site clean-up activities underway.

On July 6, 2026, Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) announced the appointment of Mr. Ty Minnick, CPA as Chief Financial Officer of the Company, effective immediately. Mr. Minnick is an accomplished mining CFO with executive experience across both junior explorers and producers. Outgoing CFO Carlo Rigillo will remain active with the Company as a consultant to ensure a smooth transition.

Fintech

On June 24, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) announced its financial results for the year ended December 31, 2025. The Company reported revenue of $10.39 million, compared to $2.84 million in 2024, and a net loss of $9.10 million for the year, compared to a net loss of $59.26 million in 2024. The Company generated negative cash flow from operations of $8.52 million, compared to negative $6.92 million in 2024. All amounts in this news release are in Canadian dollars unless otherwise indicated.

On July 10, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) announced that the Ontario Securities Commission ("OSC") has revoked the failure to file cease trade order previously placed on the Company's securities on May 7, 2025, as a result of the Company's failure to file its audited annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the year ended December 31, 2024, within the prescribed deadline as required under National Instrument 51-102 - Continuous Disclosure Obligations and National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (the "FFCTO").

On July 13, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) announced plans to conduct a private placement financing by issuing up to 24 million common shares at a price of $0.05 per share for aggregate gross proceeds of up to $1.2 million (the "Private Placement") to assist the Company in the completion and commercialization of its product offering destined for the North American market.