Last week’s other top-gaining TSXV stocks were Upper Canyon Minerals, New Stratus Energy, Pacific Booker Minerals and Asian Mineral Resources.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 0.13 percent on Friday (August 25) to end at 767.18 points.
Central bankers met in Jackson Hole, Wyoming last week, but traders were not expecting any surprises or changes of course on US monetary policy.
Oil prices rose slightly on Friday as the US prepared for Hurricane Harvey, which is expected to be the largest storm to hit the US mainland in over a decade. Meanwhile, the Canadian dollar was steady against the US dollar as the market awaited the results of the meeting.
Against that backdrop, a number of TSXV-listed mining stocks experienced significant share price gains last week. The five top gainers are as follows:
- Upper Canyon Minerals (TSXV:UCM.H)
- New Stratus Energy (TSXV:NSE)
- Silvermet (TSXV:SYI)
- Pacific Booker Minerals (TSXV:BKM)
- Asian Mineral Resources (TSXV:ASN)
Read on for a brief overview of those companies and what moved their share prices last week.
Upper Canyon Minerals
Upper Canyon Minerals’ latest news came on August 17, when it announced a non-brokered private placement to raise gross proceeds of up to $1 million. The company has an option/joint venture agreement with Q-Gold Resources (TSXV:QGR) on two large gold exploration tracts in Ontario.
The company plans to use the money raised from the offering to pay off its debts and for general working capital, including potential acquisitions, marketing, corporate accounting and geological services. Upper Canyon’s share price rose 86.67 percent to close at $0.28 last week.
New Stratus Energy
Red Rock Energy recently changed its name to New Stratus Energy. The company is focused on uranium exploration, and holds a 100-percent interest in 14 claims located near Uranium City in Saskatchewan.
On August 4, the firm filed a technical report on its Fusion uranium project; it estimates that the area hosts a grade range of 0.2 to 0.25 percent U3O8. The company expects to continue drilling at the site, and last week its share price rose 71.43 percent to close at $0.48.
Silvermet
Zinc-focused Silvermet entered into a definitive merger agreement with privately owned Global Atomic Fuels on August 18, just days before LME zinc hit a decade high of $3,180.50 per tonne. The combined venture will be a “high quality uranium development company” called Global Atomic.
The companies believe the merger will be valuable as positive cashflow from Silvermet’s zinc operations will support continued development of Global Atomic Fuels’ assets. Both companies plan to hold shareholder meetings by the end of September, and if the transaction is approved it will close soon after.
Silvermet saw its share price rise 63.64 percent over the course of last week to close at $0.13.
Pacific Booker Minerals
Pacific Booker Minerals owns the advanced-stage Morrison property in BC. The company has completed a feasibility study on the copper-gold-molybdenum project, which is envisioned as an open-pit mining and milling operation. It is located within 29 kilometers of two past-producing copper mines, Bell and Granisle.
On August 18, Pacific Booker commented on recent trading of its shares on the TSXV. The company confirmed that its management is unaware of any change in the company’s status that would account for its recent share price increase. The company’s share price rose 57.14 percent over the course of last week to close at $1.10.
Asian Mineral Resources
Asian Mineral Resources owns the Ban Phuc nickel mine in Vietnam, which began producing in mid-2013. In April, the company entered into a net smelter royalty agreement with Cobalt 27 Capital (TSXV:KBLT), a company aiming to offer investors access to physical cobalt.
Last week, Asian Mineral Resources’ share price rose 50 percent to close at $0.03.
Data for 5 Top Weekly TSXV Stocks articles is retrieved each Friday at 10:30 a.m. PST using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.
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Investor Insight
Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.
Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
- High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
- Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
- Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.
Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.
Management Team
Michael Collins - CEO & Director
Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.
Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.
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