5 Top Weekly TSXV Stocks: Minsud Resources Sees 60 Percent Gain

Weekly gain: 60 percent; market cap: C$203.22 million; current share price: C$1.44

Minsud Resources is an exploration company focused on its flagship Chita Valley copper project in Argentina, which it owns through its indirect subsidiary Minera Sud Argentina (MSA). The project is currently operated by MSA, while exploration is funded by South32( ASX:S32,LSE:S32,OTC Pink:SHTLF) subsidiary South32 Aluminum through an earn-in agreement.

South32 Aluminum recently exercised its right to acquire a 50.1 percent interest in MSA, the completion of which will either take place on February 14, 2024, or after the fourth year of exploration — whichever comes first.

Minsud hasn’t released any news since earlier in May, when it shared high-grade drill results and granted stock options. Still, the company’s share price rose last week before spiking further on Friday (May 26) to a weekly high of C$1.48.

Weekly gain: 37.5 percent; market cap: C$10.31 million; current share price: C$0.055

US-based company Marksmen Energy is developing its light oil assets in Ohio. Marksmen also produces oil at its five Davis Holbrook oil wells, three of which it drilled in 2022. Last month, Marksmen partnered with EMF Geoscience, whose services the company will use to develop drilling locations going forward.

Although Marksmen hasn’t released any news this month, its share price was up 37.5 percent last week.

Weekly gain: 32.39 percent; market cap: C$106.23 million; current share price: C$0.47

Laurion Mineral Exploration is focused on its flagship Ishkoday gold project in Northwest Ontario, Canada. According to an April corporate update, the company is currently working on environmental permitting and ore-sorting analysis. At the end of May, Laurion plans to begin a field work program consisting of stripping and channel sampling for gold-bearing veins.

The gold company’s most recent news came on May 16, when it announced it would be performing a “large-scale, helicopter-borne high resolution gradient magnetic data (survey).” Its share price increased throughout last week to peak on Friday.

Weekly gain: 31.82 percent; market cap: C$60.96 million; current share price: C$0.87

Q2 Metals is an exploration company focused on advancing its Mia lithium property in James Bay, Quebec. It also has the Stellar lithium property north of Mia, which it acquired in March, as well as the Big Hill and Titan gold projects in Queensland, Australia.

In early April, Q2 began the Phase 1 portion of its 2023 exploration campaign at Mia, which includes an IP-resistivity geophysical survey. The company completed Phase 1 on April 26 and plans to begin Phase 2 — ground mapping and sampling — after May 20.

While the company hasn’t released news since late April, its share price rose last week to peak at C$0.95 on Friday.

Weekly gain: 30.43 percent; market cap: C$128.78 million; current share price: C$0.30

Copper Fox Metals and its wholly owned subsidiaries own a portfolio of copper projects in North America. Its principal assets are the 100 percent owned Van Dyke project in Arizona, US, and the Schaft Creek copper-gold joint venture with Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK). Copper Fox has a 25 percent interest in the joint venture.

The company’s most recent news came on May 11, when it shared an update on Van Dyke. Copper Fox's share price rose over the course of last week to reach a high on Friday.