CHF WEEKLY ROUNDUP: May 25 - 29, 2026

World Markets are looking positive, and overnight, indices in Japan and South Korea hit fresh records on expectations that the U.S. and Iran will agree to extend the ceasefire in their war by 60 days. Even European markets are near or at all-time-high levels.

The TSX set another all-time high on Wednesday, and the Venture exchange has not been this high in more than 13 years. Yet Canadians are facing persistent affordability concerns, as a new report from Equifax Canada says insolvency volumes jumped by 18.8% in the first quarter of 2026 from the year before, the highest since 2009, and consumers are becoming overextended. Major Canadian banks reported earnings this week and continued to beat expectations. The Bank of Canada (BoC) says the financial system has proven resilient after a turbulent year, but officials at the central bank warn risks are mounting on the world stage. The BoC currently has little room to raise interest rates.

The major U.S. markets have made new all-time highs this week. The U.S. dollar (USD) continues to show sustained strength, and Treasury yields remain elevated as investors expect interest rate increases in response to rising inflation driven by oil price spikes resulting from the war in Iran. The Federal Reserve is expected to hold rates unchanged at its June meeting, shifting to a tightening policy stance, possibly followed by a rate hike in July. The U.S. administration has begun official CUSMA negotiations with Mexico, but has not yet begun negotiations with Canada. U.S. Trade Representatives have said there will be tariffs in place on Mexico and Canada, even though the countries are part of a continental trade pact.

Gold opened today at USD$4,537.00/oz and silver at USD$75.62/oz. UBS has cut its year-end 2026 gold price forecast from USD$5,900 to USD$5,500/oz, citing risks elevated Treasury yields and the sustained U.S. dollar strength, adding that investors are avoiding holding onto gold while Bond yields stay high. Bank of America remains optimistic that silver prices will reach USD$100.00/oz in the fourth quarter of this year, but said the gains will not be sustainable. Other analysts suggest that the longer-term precious-metal rally is far from over and that higher prices will continue to support mining shares.

Copper hit an all-time high of USD$6.70/lb earlier in May and is trading at USD$6.16/lb as optimism over the Iran war causes a brief bump. The primary issue is that elements of copper’s production supply chain are strained by the Strait of Hormuz’s closure, and there are also issues brewing in Chile that may impact production.

The CHF Weekly Roundup will move to its Summer schedule, with the next issue expected on June 19, 2026.

We are pleased to present our roundup of client news for the period May 25 to 29, 2026.

Mining

On May 25, 2026, Arya Resources Ltd. (TSXV: RBZ) announced additional assay results from its 2026 winter drill program at the Wedge Lake Gold Project, located in the La Ronge Gold Belt of Saskatchewan. Results from drill holes AR26-11 and AR26-12 continue to confirm the continuity and expansion potential of the gold mineralization hosted by sulphide-bearing iron formations at the Twin Zone. Also highlighted is the presence silver mineralization associated with the gold system and the presence of interesting Scandium (Sc) values.

CEO Rasool Mohammad commented: "Anomalous gold and silver mineralization is distributed over a broad 133-metre interval within the zone in AR26-11, with silver mineralization present throughout the entire length. Regarding hole AR26-12, we believe the hole may have terminated prematurely and could potentially have intersected additional sulphide-bearing iron formation at depth. The silver values in hole AR26-12 demonstrate significant strength and further enhance the polymetallic and scandium potential of the Twin Zone system. The presence of scandium associated with the sulphide-bearing iron formation and gold-silver mineralization may represent an additional critical metals component to the Wedge Lake system."

AR26-11 returned multiple zones of gold mineralization from both sulphide-bearing iron formation units that hosted the other mineralized intersections returned to date from the Twin Zone, as well as quartz veining hosted in volcanic rocks located stratigraphically above the iron formation similar to previous drilling at the T-6 Zone.  

AR26-11 intersected multiple lenses of gold mineralization as highlighted by:

• 3.91 g/t Au and 4.58 g/t Ag over 5.00 m, including 5.92 g/t Au and 4.43 g/t Ag over 3.00 m

• 2.05 g/t Au and 4.02 g/t Ag over 10.00 m, including 4.77 g/t Au and 4.43 g/t Ag over 3.00 m

• 1.90 g/t Au, and 4.53 g/t Ag over 6.80 m, including 3.04 g/t Au and 4.08 g/t Ag over 3.80 m

  
  

Hole AR26-12, drilled approximately 100 metres east of AR25-09, intersected multiple mineralized intervals containing anomalous to elevated gold, silver, and scandium values.

On May 26, 2026, Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) provided an exploration update from its ongoing drill campaign at its flagship Laird Lake project in Ontario's Red Lake Gold District. Included in today's results are visual observations from Holes LL-26-004 and LL-26-005, the latter of which intersected a zone containing visible gold ("VG"). The Company also received assay results from Hole LL-26-001, drilled at the G1 anomaly, which did not return any significant gold values despite the encouraging visual results observed. This hole represents only the initial test of one of several high-priority targets at Laird Lake. The Company notes that Hole LL-26-001 is located approximately 3.5 km west of Hole LL-26-005. The drill program continues to systematically assess a series of geophysical and structural targets across the property, with Hole LL-26-006 currently underway, and assays pending for Holes LL-26-002 to -005.

Key Highlights:

Visible Gold in Hole 5: Confirmation of four specks of visible gold within a key structural zone in hole LL-26-005. The VG is unambiguous given that it is situated directly on the surface of the drill core (Figure 2).

Proof of Structure at G1 (LL-26-001): Final assays for hole LL-26-001 did not return significant gold values. However, the hole successfully confirmed a robust, deeply rooted structural corridor characterized by intensely folded iron formations, abundant pyrite and pyrrhotite mineralization, and strong degrees of alteration.

Drilling Advancing: Hole LL-26-006 is currently underway as a strategic, optimized follow-up to test the continuity and scope of the visible gold trend at the G4 anomaly, with assays for holes LL-26-002 through LL-26-005 pending.

Koby Kushner, CEO of Athena, said, "While we are disappointed that Hole 1 has downgraded the western G1 target, we remain optimistic and excited about the remaining holes further east, where our drilling is targeting structures closer to the Balmer-Confederation contact. We are particularly excited by the presence of visible gold in Hole 5. Importantly, this visible gold is not ambiguous - it is located at the surface of the core rather than buried within it, allowing for confident visual confirmation. Due to these encouraging visuals, we have designed Hole 6 as a strategic follow-up hole to evaluate the G4 anomaly from a different angle to understand the geometry of the gold-bearing system."

A promising sign from the maiden drill program at Laird Lake — visible gold has now been identified in Hole #5. The team continues to advance drilling while awaiting additional assay results from the project in Ontario's Red Lake District.

Click the image to view the video.

On May 26, 2026, Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) announced expansionary drill results from the Moosehead zone at its Treasure Island Project. 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.

The Rib Vein Structure, a newly discovered vein structure first announced on April 13, 2026, returned high-grade results of 65.1g/t Au over 3.25 m in PGC-26-028. The vein has now been tested with sixteen holes and expanded to 150 m of strike length and 90 m of vertical depth. New high-grade results include:

6.97 g/t Au over 5.35 m, including 69.1 g/t Au over 0.45 m (PGC-26-033)

6.65 g/t Au over 2.95 m, including 29.4 g/t Au over 0.45 m (PGC-26-034)

21.0 g/t Au over 1.0 m (PGC-26-040)

Follow-up drilling with seven additional holes has expanded the envelope of the 75 m interval in hole PGC-25-006 (containing six intervals grading above 1 g/t Au, including 1.14 g/t Au over 8.10). This zone, located 500 m southwest of the Moosehead main zones, now extends over a 200 m strike length and to vertical depths of 80 m, returning the following highlights:

• 3.36 g/t Au over 3.60 m, including 5.74 g/t Au over 1.60 m (PGC-26-041)

• 0.74 g/t Au over 15.80 m, including 1.27 g/t Au over 7.00 m (PGC-26-049)

  
  

"We continue to add mineralization at a persistent pace across new discoveries at Moosehead. The Rib Vein has now grown to a scale and consistency of grade that warrant further exploration for additional linkages between the Eastern and Western trend faults. The regional zone southwest of Moosehead continues to demonstrate the scale potential to contribute to the broader mineralized footprint and is now delivering high grades, while deeper drilling at the Western Trend confirms the fault network can continue to host high-grade mineralization at depth. Across all three areas, we continue to see Moosehead expanding in multiple directions," said Greg Matheson, VP Exploration.

In Episode 11 of Treasure Hunters, “Growing Tentacles”, the Pirate Gold crew returns to the Moosehead Zone, where drilling continues to expand the footprint of one of Newfoundland’s most exciting high-grade gold systems.

https://www.youtube.com/watch?v=z3jWZ7DjdrQ

Pirate Gold CEO Denis Laviolette was interviewed by Michael McCrae, of Mining Stock Daily, to discuss the Company’s latest drilling results at Crippleback Lake and the continued expansion of a large-scale alteration system along the Valentine Lake Fault Zone in Newfoundland. The conversation covered the growing hydrothermal footprint, strong sulphide development, widespread alteration, and why the system at Crippleback is still in the preliminary stages of taking shape.

Listen Now by clicking this link.

Fintech AI

On May 27, 2026, Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) announced that the Ontario Securities Commission ("OSC") issued an order dated May 25, 2026 partially revoking the failure-to-file cease trade order issued against the Company on May 7, 2025, for failing to file certain outstanding continuous disclosure documents within the timeframes prescribed by applicable securities laws. The Partial Revocation Order will terminate on the earlier of: (i) the completion of the Private Placement; and (ii) July 25, 2026, being 60 days from the date of the Partial Revocation Order.

Following the issuance of the Partial Revocation Order, the Company intends to proceed with and close the previously announced non-brokered private placement financing as soon as practicable, subject to the terms and conditions described therein and applicable regulatory approvals. The Company currently anticipates that the Private Placement will consist of the issuance of up to 55.2 million common shares at a price of $0.05 per share for aggregate gross proceeds of up to $2.76 million.

All Common Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable securities laws.