5 Top Weekly TSXV Stocks: Decade Resources Soars on Discovery at Copper Project

Weekly gain: 168.75 percent; market cap: C$14.53 million; current share price: C$0.215

Decade Resources holds a portfolio of properties in British Columbia’s Golden Triangle at various stages of exploration. Over the last month, its focus has been on its Treasure Mountain-Nobody Knows-Terrace Gold project, which is made up of three contiguous properties totaling 48 claims in the Copper River valley.

After mobilizing drills to its recently discovered Nobody Knows No 2 zone on August 3, last Tuesday (August 8), Decade Resources shared photos of its first three diamond drill cores, which it said “show similarities to many of the world’s major sediment-hosted copper systems with the association of silver with copper.” In particular, one core contained 30 meters of visual sulfides, including bornite and chalcopyrite, as well as native copper.

After Decade’s share price opened last week at C$0.08, the news sent Decade’s share price skywards to a peak of C$0.25 last Thursday (August 10).

Weekly gain: 95.83 percent; market cap: C$41.94 million; current share price: C$0.235

Aston Bay Holdings is a copper and gold company that owns a portfolio of projects in North America, including the Buckingham gold project in Virginia, US, and the Storm copper project in Nunavut, Canada. Storm is currently under option to American West Metals (ASX:AW1,OTCQB:AWMLF), which can earn up to an 80 percent interest in the property and is actively exploring it this year.

Aston was the top gainer for the previous week following its August 2 news of a major discovery at Storm — drilling at a blind gravity target intercepted significant copper sulfide mineralization. Its share price jumped from C$0.04 to C$0.12 by that week’s close.

Last Wednesday, the announcement of further discoveries at Storm in an area that has now been dubbed the Thunder zone brought the company’s share price to even greater heights. One diamond drill hole intersected both 76 meters of near-surface “visual heavily mineralized breccia to massive copper sulfide” and 2 meters of “visual breccia and dense vein style copper sulfide” between 273 to 275 meters.

Aston’s share price peaked at a weekly high of C$0.305 the next day.

Weekly gain: 41.67 percent; market cap: C$16.35 million; current share price: C$0.085

Forum Energy Metals is a uranium and energy metals exploration company aiming to supply the green economy with metals like uranium, nickel, copper, cobalt, platinum and palladium from the projects in its portfolio. Its primary focus is uranium exploration, and many of its uranium properties are located in Canada, in Saskatchewan’s Athabasca Basin and Nunavut’s Thelon Basin.

In early August, Forum commenced ground electromagnetic and magnetic surveys at its Still nickel project. Although the company didn’t release news last week, the price of uranium has continued to climb for the fourth consecutive week. Forum’s share price peaked at C$0.09 during trading last Friday (August 11).

Weekly gain: 38.3 percent; market cap: C$11.24 million; current share price: C$0.65

Comet Lithium’s flagship project is its wholly owned Liberty lithium project in the Eeyou-Istchee Baie James Bay region of Quebec, Canada. The project is contiguous with the Adina lithium project owned by Winsome Resources (ASX:WR1,OTCQB:WRSLF), which hosts nearly 2 kilometers of spodumene-bearing pegmatite. The company was previously named X-Terra Resources, but changed its name and ticker symbol in June.

Last Tuesday, Comet began exploration at Liberty, with the first steps being “prospecting and sampling of frost heave rocks, glacial boulders and rock surfaces to see if there is an extension of the Adina Li pegmatite trend.” The company will also be performing a LIDAR survey at the project. Its share price climbed to a peak of C$0.75 early last Thursday.

Weekly gain: 36.84 percent; market cap: C$45.75 million; current share price: C$0.13

Prospera Energy is a low-cost oil producer in Canada focused on optimizing hydrocarbon recovery and producing in an environmentally friendly way, with the goal of “eliminating all emissions, minimizing environmental disturbances, and conducting environmentally safe operations.” The company’s main properties are in Alberta and Saskatchewan.

In September 2022, Prospera and Aduro Energy, a wholly owned subsidiary of Aduro Clean Technologies (CSE:ACT,OTCQB:ACTHF), entered into a letter of intent for “developing, building, and supplying a pre-commercial pilot plant to convert low API bitumen to higher value products.”

Last Tuesday, Prospero shared an update on the collaboration: the two companies are now beginning Phase 1, testing Aduro’s hydrochemolytic bitumen upgrading technology on barrels of low API crude oil from Prospero’s heavy oil reserves. Phase 1 is expected to be completed in December of this year.