5 Top Weekly TSXV Stocks: Alaska Energy Metals Powers Up with 93 Percent Gain

Weekly gain: 93.1 percent; market cap: C$31.28 million; share price: C$0.28

Alaska Energy Metals is an exploration company working to advance its critical mineral properties in Alaska, US, and Quebec, Canada. The company’s flagship property, the Nikolai project, is located in Southeast Alaska and hosts the Eureka deposit. In a resource estimate from a technical report published in February, the company reported contained indicated values of 3.88 billion pounds of nickel, 1.28 billion pounds of copper, 303 million pounds of cobalt along with 4 million ounces of platinum from 813 million metric tons.

The company also owns the Angliers project located in western Quebec. The site is composed of 464 mineral claims covering an area of 26.417 hectares in a region known to host mineralized bodies of nickel, copper, platinum group metals, gold, molybdenum and zinc. The company announced on June 5, that it had acquired the adjacent Bambino nickel and copper property which would add 57 new claims over 3,320 hectares.

The most recent news from the company’s projects came on July 16, when it announced the start of a drilling program to test geochemical targets at the Canwell block at its Nikolai project.

Weekly gain: 44.23 percent; market cap: C$121.94 million; share price: C$0.375

Nevada King Gold is a gold exploration company focused on the advancement of its Atlanta Gold project in southeast Nevada, US. The property is home to a past-producing open-pit gold mine that produced 110,000 ounces of gold and 800,000 ounces of silver between 1975 and 1985.

The site consists of six primary zones, and according to a 2020 resource estimate hosts measured and indicated quantities of 460,000 ounces of gold and 4.22 million ounces of silver from 11 million metric tons of ore, with additional inferred values of 142,000 ounces of gold and 1.24 million ounces of silver from 5.31 million metric tons of ore.

In a project update released this past Tuesday (July 23) the company reported drill results that included a highlighted intercept of 6.28 grams per metric ton (g/t) gold over 54.9 meters. The company said mineralization from the interval was consistent over its entire length and that it was the most important hole drilled at Atlanta to date.

The most recent news from Nevada King came this past Friday, when the company announced that it had received final approval from the Supreme Court of British Columbia to spin out its non-Atlanta projects. The deal will see its other properties including, Lewis, Horse Mountain - Mill Creek, and Iron Point projects spun out to shareholders. The new company will also retain a 3 percent smelter return royalty on all gold and silver production from Atlanta.

Weekly gain: 42.86 percent; market cap: C$24.73 million; share price: C$0.05

Abcourt Mines is a gold exploration and development company focused on operations at its Sleeping Giant mine in the Abitibi region of Quebec, Canada. The mine property consists of four mining leases covering an area of 458 hectares and 69 claims. The site hosts an underground mine along with a mill capable of processing 750 metric tons per day.

The company also owns the Pershing-Manitou gold exploration project also located in the Abitibi region is composed of 322 claims covering an area of 12,307.55 hectares. Abcourt has been carrying out bulk sampling using the mill at Sleeping Giant.

On July 10, the company announced that Sleeping Giant had produced 327.6 ounces of gold from 1,428 metric tons and also produced 140 ounces from 5,000 metric tons acquired from the bulk sampling program at Pershing-Manitou. The company said it would be using the mill to process development material to access new stopes.

The most recent news from Abcourt came this past Thursday when the company announced the closing of C$4.5 million private placement. The company said funds would be used for exploration and development at Sleeping Giant.

Weekly gain: 34.92 percent; market cap: C$54.62 million; share price: C$0.425

Volt Lithium is a lithium development and production company working to advance its Direct Lithium Extraction (DLE) technology. The company is currently operating in the Permian Basin to develop its DLE technology which will allow it to extract battery grade lithium from oilfield brines. Oilfields in the basin produce 19 million barrels of brine per day.

The most recent news came on July 17 when it announced it had scaled up its processing capabilities at its field simulation center in Calgary, Alberta, Canada to 96,000 litres per day with lithium recovery rates of up to 99 percent from brine concentrations as low as 31 milligrams per litre. The company said it’s a significant milestone and will allow it to build and deploy its first field unit during Q3 2024.

Weekly gain: 28.7 percent; market cap: C$183.96 million; share price: C$2.87

Founders Metals is a gold exploration company working to advance exploration efforts at its Antino Gold project in southeast Suriname. The property covers 238 square kilometers and has the necessary permits for drilling and mining. The site has previously hosted small-scale open pit mining operations with approximately 500,000 ounces of gold having been extracted.

Results from the company’s most recent exploration activities were reported this past Monday (July 22) when it reported highlighted assays of 5.31 g/t gold over 46 meters which included 12.05 g/t gold over 10 meters. The company said results expand on previously identified mineralization 150 meters east of the main Froyo zone and intends to continue exploration of the parallel zone over the coming weeks to explore strike and depth.