5 Top Weekly TSXV Stocks: Wolfden Resources Leads the Pack with 80 Percent Gain

Weekly gain: 80 percent; market cap: C$14.01 million; current share price: C$0.09

Wolfden Resources is an exploration and development company focused on base and precious metals projects in North America, primarily the advancement of its wholly owned Pickett Mountain property in Penobscot County in Maine, US. It hosts a high-grade polymetallic volcanogenic massive sulfide deposit and sits within the Gander Terrane.

The most recent news from the company came on February 2, when it announced the potential denial of a rezoning application for Pickett Mountain. According to a release, following a deliberation on December 13, commissioners for the Maine Land Use Planning Commission recommended that Wolfden’s application be denied. Wolfden noted that commission staff preparing documents for the deliberation concluded that the evidence weighs in favor of approval.

The rezoning application would allow Wolfden to rezone a 374 acre parcel at the Pickett Mountain site from general management to planned development for the construction, operation and reclamation of an underground mine.

Weekly gain: 54.55 percent; market cap: C$11.14 million; current share price: C$0.085

Lithium Energi Exploration is a lithium brine exploration and development company focused on four projects covering 72,000 hectares in the Catamarca, Argentina, portion of the Lithium Triangle. Its flagship Antofalla North project covers 16,000 hectares and is fully permitted for 10 exploration wells; initial drilling began in June 2023.

The company's other projects are Antofalla South, which covers 38,500 hectares and was most recently explored in August, and Hombre Muerto North, which covers 1,800 hectares in the Hombre Muerto Salar. The company also holds a 20 percent interest in the Trila joint venture, with the remaining 80 percent owned by the Global Oil Management Group.

Lithium Energi's most recent news came on January 29, when it released its condensed interim consolidated financial statements for the three and nine months ended on November 30, 2023.

Weekly gain: 38.46 percent; market cap: C$16.91 million; current share price: C$0.09

Omineca Mining and Metals is a gold development and exploration company with interests in the Cariboo Mining District in BC, Canada. The company’s flagship asset is the Wingdam project, which hosts a 2.4 kilometer placer-bearing channel 50 meters beneath Lightning Creek. Omineca intends to extract gold from the site with freezing technology and gravity separation using an existing reusable water supply, meaning no chemicals or leaching.

The company released results from two geotechnical drill holes this past Wednesday, one of which intercepted 8 meters grading of 25.41 grams of gold per cubic meter. These results build on 2012 bulk testing at the site, which recovered 173.4 ounces from gold-bearing gravels averaging 1.2 meters thick over a channel width of 23.5 meters.

Weekly gain: 33.33 percent; market cap: C$33.73 million; current share price: C$0.08

Gensource Potash is a fertilizer development company focused on the development of its Tugaske project within its Vanguard land holdings, which are located 150 kilometers northwest of Regina, Saskatchewan, in Canada.

Once complete, the project will produce a minimum of 250,000 metric tons (MT) of muriate of potash per year. Additionally, the company has negotiated with HELM Fertilizer to purchase 100 percent of annual production for the first 10 years. Gensource is currently seeking funding to begin construction on the project.

The company’s most recent news came on December 7.

Weekly gain: 30 percent; market cap: C$22.67 million; current share price: C$0.065

Abcourt Mines is a gold explorer with properties in the Abitibi region of Québec, Canada.

The company’s flagship project is the Sleeping Giant mine, located 150 kilometers north of Val-d’Or. The site covers 458 hectares and consists of 69 mining claims. It also hosts a mill that is currently on care and maintenance, but is capable of processing approximately 250,000 MT of ore per year. A resource estimate from January 2023 shows indicated reserves of 173,300 ounces of gold, as well as 248,300 ounces of gold in the inferred category.

The most recent news from the project came on January 31, when Abcourt announced drill results with a highlight interval of 15.67 grams per MT gold over 3.2 meters, including 29.29 grams per MT gold over 0.5 meters.