5 Top Weekly TSXV Stocks: Hercules Silver Shows Strength After Copper Discovery

Weekly gain: 76 percent; market cap: C$66.56 million; current share price: C$0.44

Hercules Silver is an exploration and development company focused on its Hercules project located northwest of Cambridge, Idaho. The asset, which was acquired by Hercules Silver in 2021, hosts a disseminated silver-lead-zinc system. Prior to its acquisition by Hercules, the site’s most recent exploration was in 1988; its most recent production was in 1920.

Company shares rose on Tuesday (October 10) following what Hercules describes as a "major new copper porphyry discovery." The company reported an interval of 185.29 meters of 0.84 percent copper, 111 parts per million (ppm) molybdenum and 2.6 grams per metric ton (g/t) silver, including 45.33 meters of 1.94 percent copper. The find came in the first deep drill hole completed at Hercules; it ended "prematurely" due to drilling challenges, but could go deeper.

Weekly gain: 42.31 percent; market cap: C$139.73 million; current share price: C$1.85

Junior explorer Arbor Metals is focused on its Jarnet lithium project in the Eeyou Istchee James Bay region of Québec, Canada. It is comprised of 47 claims covering 3,759 hectares. Drilling at the project has confirmed lithium mineralization, with assay results including 0.93 percent lithium oxide and 114 ppm tantalum pentoxide from an interval of 146.8 meters.

On October 4, the company completed an exploration program at Jarnet and said it would proceed with a non-brokered private placement financing to raise gross proceeds of up to C$5 million. Arbor Metals closed the first tranche on Friday, issuing 1.16 million units of the company to raise gross proceeds of C$1.74 million.

Weekly gain: 32 percent; market cap: C$12.87 million; current share price: C$0.165

Turmalina Metals is a gold, silver and copper explorer with a portfolio of projects in South America. Its primary site is the San Francisco gold project in San Juan, Argentina. The property covers 40,340 hectares and contains seven priority targets.

Company shares surged last week following the release of drill results from San Francisco. Intercepts from the Veta Rica target reveal near-surface highlights of 4.4 meters at 6.4 g/t gold, including a half meter segment at 28.6 g/t. The company has extended the strike length of the vein system from 300 meters to 1.5 kilometers.

Weekly gain: 25 percent; market cap: C$52.35 million; current share price: C$0.15

With a focus on the production of battery-grade manganese for the growing electric vehicle market, Euro Manganese is developing its Chvaletice manganese project in the Czech Republic; the company is also exploring opportunities to produce battery-grade manganese products in Becancour, Québec.

Shares of Euro Manganese climbed to C$0.15 last week after Chvaletice was selected on Wednesday (October 11) for support under the inter-governmental Minerals Security Partnership, which is made up of 13 countries and the EU. Euro Manganese will receive support through the leveraging of the financial and diplomatic resources of the partnership.

Weekly gain: 25 percent; market cap: C$21.96 million; current share price: C$0.25

Centered on the battery minerals sector, Solis Minerals is a junior explorer with interests in Latin America. Its primary asset is the Borborema lithium project, which covers an area of 25,600 hectares in Northeast Brazil’s province of the same name. Additionally, the company has a 100 percent interest in 35,700 hectares of combined licenses and applications in prospective iron oxide-copper-gold and porphyry copper projects in Southwest Peru within the country’s Coastal Copper Belt.

Solis traded higher this week after it entered into an option agreement to purchase the Mina Vermelha lithium-cesium project, which will increase its presence in the Borborema province. The company confirmed grades in grab samples of 3.45 percent and 3.07 percent lithium oxide, along with a cesium grade of 28.3 percent. Drilling at the site is expected to begin in November.