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Top 5 Canadian Mining Stocks This Week: Altura Energy Jumps 81 Percent
Mar. 27, 2026 02:00PM PST
Explore the week's best-performing Canadian mining stocks on the TSX, TSXV and CSE, and dive into the Canadian and US news affecting commodities prices and stock markets.
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Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.
The US-led war against Iran continued to plague the commodities space this past week.
Oil prices have been in decline for much of the week, with Brent and West Texas Intermediate falling below US$100 per barrel. The decreases started on Monday (March 23) as US President Donald Trump walked back his 48 hour ultimatum to attack Iranian energy facilities if the country didn’t allow shipments through the Strait of Hormuz.
Trump initially said Iran would have until Friday (March 27) to follow through on his demands, but on Thursday (March 26), the deadline was extended by an additional 10 days, as he said talks with Iran had been productive.
For its part, Iran asserts that it has not been negotiating with US representatives.
More broadly, the war has had a broad effect on supply chains for other commodities as well. Iranian attacks on Qatari gas production have halved the country's helium output. Liquefied gas is critical for the operation of MRI scanners and semiconductor manufacturing, and Qatar is the second largest producer of helium. Analysts suggest helium prices could climb to over US$2,000 per thousand square feet from the average of around US$500 over the past two years.
The uncertainty stemming from the continued closure of the Strait of Hormuz and inconsistent communications from the White House has driven significant volatility in Canadian markets.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) was off by 1.8 percent by Friday morning, led by a 3.6 percent decline in Canadian resource equities and a 3.1 percent drop in tech stocks.
Likewise, precious metals have also been affected as the US dollar surged on safe-haven demand. The rise comes amid concern that the US Federal Reserve could keep interest rates unchanged for longer, or raise it should oil prices remain high amid a protracted war with Iran, which is driving inflation risk.
Also this week, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) announced on Thursday that it will be ending operations at its Diavik diamond mine in Canada's Northwest Territories. The mine has been in production for 23 years, delivering more than 150 million carats and contributing C$11.75 billion to the Northwest Territories' economy.
The mine was also a significant contributor to the community, creating more than 1,000 jobs. Between 200 and 300 will remain employed by Rio Tinto as the mine is decommissioned.
For more on what’s moving markets this week, check out our top market news round-up.
Markets and commodities react
Canadian equity markets were mixed this week.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) rebounded slightly, posting a gain of 0.52 percent over the week to close Friday at 31,960.65, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 2.72 percent to 915.00.
The CSE Composite Index (CSE:CSECOMP) gained 4.02 percent to 174.55.
The gold price slipped 3.12 percent to close at US$4,508.73 per ounce on Friday at 4:00 p.m. EST. The silver price closed the week up 3.82 percent at US$70.01 per ounce on Friday.
In base metals, the Comex copper price recorded a 1.06 percent decrease this week to US$5.46 per pound.
The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 1.6 percent to end Friday at 739.24.
Top Canadian mining stocks this week
How did mining stocks perform against this backdrop?
Take a look at this week’s five best-performing Canadian mining stocks below.
Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
1. Altura Energy (TSXV:ALTU)
Weekly gain: 81.25 percent
Market cap: C$16.02 million
Share price: C$0.29
Altura Energy is a helium exploration and development company advancing assets in Arizona, US.
The company owns a 100 percent stake in the Pinta South project, located in the Holbrook Basin. The property covers 10,600 acres and hosts seven shallow helium wells. Gas from the wells is free of hydrocarbons and is composed of between 5 to 8 percent helium and the remainder nitrogen.
Altura finalized its stake in Pinta South in September 2025. The company began selling helium to an offtake partner in November 2025 for a contracted price of US$350 per thousand cubic feet.
On March 19, Altura re-completed two helium wells with initial flow rates of 123,000 and 118,000 cubic feet per day.
The company also reported that it had completed additional field testing and diagnostics of legacy infrastructure connecting wells to the sites' processing facilities. Altura discovered deterioration in exposed surface piping, prompting a temporary shutdown of all wells to implement a replacement program.
The company said repairs will take approximately eight weeks.
2. Cosa Resources (CSE:COSA)
Weekly gain: 77.46 percent
Market cap: C$49.78 million
Share price: C$0.63
Cosa Resources is a uranium explorer advancing a portfolio of assets in Canada’s Athabasca Basin.
Among its projects are Orion, a 20,255 hectare property located 29 kilometers from Cameco's (TSX:CCO,NYSE:CCJ) Cigar Lake mine. Orion hosts approximately 25 kilometers of strike along an extension of the Larocque Lake trend.
Additionally, Cosa is collaborating on a trio of projects with Denison Mines (TSX:DML,NYSEAMERICAN:DNN). They cover more than 20,000 hectares and consist of Murphy Lake North, Darby and Packrat.
On March 3, the company announced an expansion to its land holdings at Orion, adding one claim covering 1,564 hectares on the southeast portion of the property. Additionally, the company said it had also increased holdings at Murphy Lake North by 345 hectares and its holdings at Darby by 758 hectares.
On Tuesday (March 24), Cosa encountered anomalous radioactivity at Murphy Lake North. A radioactivity reading of 13,900 counts per second was detected in a 5 meter intersection at a depth of 260 meters from the surface.
3. Helium Evolution (TSXV:HEVI)
Weekly gain: 65.63 percent
Market cap: C$28.03 million
Share price: C$0.265
Helium Evolution is an exploration and development company focused on assets in Saskatchewan, Canada.
The company's main focus is on its 40,000 acre Mankota property which lies adjacent to North American Helium’s. To date, the company has drilled 10 wells and has made six helium discoveries.
It’s currently focused on two targets at the basal sand unit and Earlie sandstone.
On February 2, the company entered into a pooling agreement with North American Helium for the property, which gives Helium Evolution a 49 percent stake in the operation, and North American the controlling 51 percent.
The announcement also said the companies were going to carry out a 3d seismic program at the neighbouring properties. The program was planned for six weeks, with interpretation anticipated in the second quarter of 2026.
Shares of Helium Evolution saw significant gains this week alongside supply chain disruptions in the Helium market, but the company did not release any news.
4. Bullion Gold Resources (TSXV:BGD)
Weekly gain: 58.33 percent
Market cap: C$10.11 million
Share price: C$0.095
Bullion Gold Resources is an exploration company advancing its Bousquet project in Québec, Canada.
The site, located in the Abitibi along the Cadillac Larder Lake fault, consists of 71 claims covering an area of 2,369 hectares. The property hosts seven gold showings, with multiple magnetic targets. Bousquet is currently under option by Olympio Metals (ASX:OLY), which can earn up to an 80 percent stake in the project.
On Monday, Bullion received the first assay from the Phase 2 drill program at the Paquin prospect at Bousquet. The results highlighted bonanza-grade gold of 41.81 grams per metric ton (g/t) over 7.5 meters, which included intervals of 60.36 g/t over 4.3 meters and 109.51 g/t over 2 meters.
The company said the results are the best to date and highlight the potential for high-grade lodes.
5. Electric Metals (USA) (TSXV:EML)
Weekly gain: 65.63 percent
Market cap: C$28.03 million
Share price: C$0.265
Electric Metals (USA) is a mineral development company focused on advancing its flagship North Star manganese project in Minnesota, US. According to the company, the asset is North America’s highest-grade manganese resource. It plans to produce high-purity manganese sulfate monohydrate for lithium-ion batteries.
In August 2025, Electric Metals released a preliminary economic assessment for North Star. It demonstrates a base-case after-tax net present value of US$1.39 billion, with an internal rate of return of 43.5 percent and a payback period of 23 months. The report also includes an updated resource estimate with an indicated resource of 7.6 million metric tons of ore grading 19.07 percent manganese, 22.33 percent iron and 30.94 percent silicon, and an inferred resource of 3.73 million metric tons of ore grading 17.04 percent manganese, 19.04 percent iron and 30.03 percent silicon.
The most recent news from Electric Metals came on March 16, when it announced it had agreed to sell its non-core silver assets in Nevada to Ameerex (OTC:HIRU) for total consideration of US$3.5 million in staged payments. Additionally, Electric Metals will retain a 2.5 percent net smelter royalty.
The assets consist of the Corcoran and Belmont properties, which sit on federal lode claims and lease options on patented mining claims. The sale will allow Electric Metals to focus on advancing its North Star Manganese project.
FAQs for Canadian mining stocks
What is the difference between the TSX and TSXV?
The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.
How many mining companies are listed on the TSX and TSXV?
As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.
As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.
Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.
How much does it cost to list on the TSXV?
There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.
The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.
These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.
How do you trade on the TSXV?
Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.
Article by Dean Belder; FAQs by Lauren Kelly.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
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