Canadian copper explorer Gladiator Metals has raised more than C$35 million through a private placement led by BlackRock. Following the financing, the company expects its cash position to increase to approximately C$50 million, providing full funding for its 2026–2027 exploration program at its flagship copper project in the Whitehorse Copper Belt of Yukon, Canada. Gladiator plans to expand its drilling fleet from three to six rigs and focus on resource growth at the Cowley Park and Cub East prospects. BlackRock’s participation as a sign of continued institutional interest in high-quality copper exploration assets amid expectations of long-term copper demand growth.

[SMM Tungsten Express] Largo, the world's largest primary vanadium producer, announced it will evaluate strategic alternatives for its 100%-owned Northern Dancer tungsten-molybdenum project in Yukon, Canada, and its Currais Novos tungsten project in Brazil, including partnerships, asset financing, sale or spin-out opportunities. Northern Dancer is one of the world's largest undeveloped tungsten deposits, while Currais Novos involves reprocessing historical tailings. The company has received unsolicited interest in these assets.

According to Mining.com, BMC Minerals has intersected high-grade massive sulphide mineralization in drilling at the Krakatoa zone of its Kudz Ze Kayah (KZK) copper-lead-zinc project in Canada's Yukon Territory, while government permitting has also made positive progress. BMC reported on Monday that the first hole to verify Krakatoa, K26-560, intersected 25.1 meters of mineralization at a depth of 327.5 meters, grading 180 g/mt silver, 9.7% zinc, 1 g/mt gold, 0.3% copper, and 3.4% lead. The Krakatoa zone is adjacent to the ABM main deposit of the KZK project, located approximately 260 kilometers southeast of Whitehorse. "The K26-560 intersection reinforces our confidence that the Krakatoa zone hosts thick, high-grade mineralization that extends beyond the limits of our current mineral resource estimate," said BMC CEO Michael McClelland in a press release. "This strengthens our conviction that Krakatoa has sufficient potential to add resources to the mine plan and extend the mine life of the KZK project." Government Green Light The company's 20,000-meter drilling program yielded significant results just one week after the Yukon territorial and federal governments announced positive decisions on the development of the KZK project. In 2020, the Yukon Environmental and Socio-economic Assessment Board recommended approval of the project, and this document carried forward the 2022 and 2024 decisions. Indigenous Opposition However, the KZK project now faces opposition from the Kaska Indigenous groups. According to the Canadian Broadcasting Corporation (CBC), last week the RRDC (Ross River Dena Council) expressed disappointment with the government's decision, stating that the project was in the wrong location and should not be allowed to proceed. In previous objections, the Indigenous peoples claimed that the federal and Yukon governments had not addressed their concerns about the mine's potential impact on wildlife — particularly caribou migration — and the environment. On April 13, BMC President Steven Michael stated in a release that the government decision allowed the company to continue advancing its permit applications. "We will continue to work toward our ultimate goal — to build and deliver a successful, long-life project that brings lasting, tangible benefits to the Kaska Nation while creating significant, long-term value for shareholders and all Yukon residents," he said. BMC plans to obtain a quartz mining license and a water license, and hopes to make a final investment decision on the project by the end of 2027. Confirming Historical Grades Hole K26-560 at the Krakatoa zone was drilled between two holes completed in 2016, both of which intersected similar grades. Hole K16-369 intersected 8 meters of mineralization at a depth of 385 meters, grading 102 g/mt silver, 12.2% zinc, 0.8 g/mt gold, 1.5% copper, and 0.5% lead. Hole K16-363 intersected 20.8 meters of mineralization at a depth of 323.2 meters, grading 218 g/mt silver, 8.6% zinc, 2 g/mt gold, 0.3% copper, and 3.7% lead. Although the Krakatoa zone is not included in the KZK reserves, the 2025 indicated mineral resource totaled 18.3 million mt grading 148 g/mt silver, 6.3% zinc, 1.4 g/mt gold, 0.9% copper, and 1.9% lead, representing 87 million ounces of silver, 1.1 million mt of zinc, 827,000 ounces of gold, 164,000 mt of copper, and 346,000 mt of lead; the inferred mineral resource totaled 800,000 mt grading 143 g/mt silver, 7.2% zinc, 1.2 g/mt gold, 1% copper, and 1.7% lead, representing 4 million ounces of silver, 58,000 mt of zinc, 30,000 ounces of gold, 8,000 mt of copper, and 13,000 mt of lead. Probable Reserves Based on the 2023 estimate, the ABM deposit had probable reserves of 15.7 million mt grading 138 g/mt silver, 5.8% zinc, 1.3 g/mt gold, 0.9% copper, and 1.7% lead, representing 70 million ounces of silver, 915,000 mt of zinc, 666,000 ounces of gold, 136,000 mt of copper, and 266,000 mt of lead. KZK could rank among the largest zinc mines in the Yukon. While Fireweed Metals' Macpass project has a larger resource base with an indicated mineral resource of 56 million mt grading 5.49% zinc, representing 6.7 billion pounds of zinc, the KZK project is more advanced. A 2023 feasibility study showed the KZK project had a net present value of $835 million (at a 7% discount rate), a pre-tax internal rate of return of 42%, and a mine life of 9 years. The pre-production capital cost for this open-pit project was $492 million, with a payback period of two years. This study was based solely on the reserve estimate of the ABM deposit.

Canada deployed 57 MW of utility-scale solar in 2025, with projects in Alberta, British Columbia, and the Yukon bringing the nation's cumulative capacity to approximately 5.4 GW. While official numbers are pending, the Canadian Renewable Energy Association (CanREA) indicates that "behind-the-meter" (BTM) installations likely dominated the market, with Alberta alone accounting for roughly 100 MW. Despite interconnection bottlenecks, the sector is accelerating: 750 MW of utility-scale projects are currently under construction, and CanREA forecasts cumulative solar capacity will surge to 21 GW by 2035. This growth is supported by provincial procurements like Hydro-Quebec’s 300 MW tender and a strong focus on Indigenous participation.

According to the Mining.com website, Sitka Gold encountered several near-surface, high-grade gold mineralizations during drilling at its RC property in Yukon, Canada. Hole DDRCCC-25-113, drilled in the Contact zone of the deposit, intersected 119 meters of mineralization at a depth of 15 meters, grading 1.09 grams per tonne gold. This included an interval of 10.7 meters at 4.1 grams per tonne gold starting from 24 meters depth. "The initial results from the company's first diamond drilling program at the Contact zone are encouraging, indicating significant value in the high-grade gold sections," said Cor Coe, the company's CEO, in a statement. Based on the latest drilling results, "we can add the Contact zone to our target inventory, demonstrating that the Clear Creek Intrusive Complex still has the potential to increase gold resources by several million ounces," he said. A Year of Achievement The results announced on the 12th expanded Sitka's exploration achievements for the year, following the company's first report of high-grade drill results in June. To date this year, the team has completed 32,000 meters of diamond drilling, with sample assays still pending for several holes, including those from the adjacent Pukelman target where visible gold was repeatedly observed in the core, the company stated. Sitka announced on the 12th that the Contact-Pukelman zone remains open in all directions. To date, the company has defined a mineralized zone measuring 900 meters by 650 meters, extending to a depth of approximately 430 meters. Assays Pending Sample assays are still pending for 46 diamond drill holes from targets including Rhosgobel, Blackjack, Saddle, Eiger, Bear Paw, and MayQu. The RC property is located within the Tombstone gold belt, approximately 100 kilometers east of Dawson City, covering an area of about 431 square kilometers. It is accessible via a secondary gravel road from the Klondike Highway, which is usable year-round. Exploration on the property to date has primarily focused on intrusion-related gold systems. Two Deposits The results announced on the 12th also included hole DDRCCC-25-111, which intersected 20 meters grading 0.54 grams per tonne gold at a depth of 295 meters. A third hole, DDRCCC-25-112, intersected 11 meters grading 1.06 grams per tonne gold at 182 meters depth. The current resource at RC is limited to two zones: Blackjack and Eiger. The Blackjack zone contains an indicated resource of 40 million tonnes of ore grading 1.01 grams per tonne gold, equating to 1.29 million ounces of gold. The inferred ore resource is estimated at 34.6 million mt with a gold grade of 0.94 g/mt, equivalent to a gold resource of 1.04 million ounces. The Eagle deposit contains an inferred ore resource of 27.4 million mt with a gold grade of 0.5 g/mt, equivalent to a gold resource of 440,000 ounces.

According to Mining.com, Banyan Gold Corp.'s updated resource estimate for the Hyland project in southeastern Yukon, Canada, helps the company maintain its position as the third-largest project in the region by gold content. The company's announcement on Monday showed that the updated indicated ore resource is 11.3 million mt grading 0.93 g/mt gold and 7.27 g/mt silver, equivalent to 337,000 ounces of gold and 2.63 million ounces of silver. The inferred ore resource is 3.9 million mt grading 0.95 g/mt gold and 6.94 g/mt silver, equivalent to 118,000 ounces of gold and 860,000 ounces of silver. The Hyland project is located 450 km southeast of Whitehorse. "The updated resource, which is limited to open-pit mining potential, demonstrates the promise of the Hyland gold-silver project," said Tara Christie, President and CEO of Banyan, in a news release. "With additional work, it is possible to delineate more resources in the main mineralized zone and discover new resources elsewhere on the property." Third Largest in Yukon Although Hyland is smaller than Banyan's flagship AurMac project, this update increases the company's total gold resources to 8.1 million ounces. This makes Banyan the third-largest in terms of total resources in Yukon, behind Western Copper & Gold's Casino project and Snowline Gold's Valley project. The Hyland resource is hosted in a near-surface deposit, including sections such as Main, Camp, Cuz, and Montrose Ridge, with the entire gold-bearing zone extending over 11 km along strike. Banyan stated that its gold mineralization occurs in interbedded phyllite and quartzite of the Precambrian Selwyn Basin, which has already yielded several gold discoveries. 18,505 Meters Drilled This resource update is based on 18,505 meters of drilling from 86 holes, as well as 7,598 meters of trenching from 39 trenches. Hyland is accessible by floatplane or via the winter road approximately 74 km northeast of Watson Lake.

Yukon Metals Corporation’s first drill hole at its Birch copper‐gold project (in Yukon) intersected multiple stacked skarn horizons hosting copper/gold mineralization.

The company flagship Monster Project in Yukon is a district-scale Iron Oxide Copper-Gold (IOCG) system — one of the few of its kind in Canada — showing high-grade copper and cobalt mineralization at surface with three large-scale magnetic and gravity anomalies suggesting major depth potential. The project is fully permitted for advanced exploration activities through 2032.

Go Metals' flagship Monster project in the Yukon is a district-scale iron oxide-copper-gold (IOCG) deposit system—one of the few such deposits in Canada. The project exhibits high-grade copper and cobalt mineralization at surface, accompanied by three large magnetic and gravity anomalies, indicating significant deep potential. The project has been fully permitted for advanced exploration activities through 2032.

Venerable Ventures’ new resource for the old Minto mine in the Yukon has more than doubled contained copper and gold over the 2005 estimate as the owners create a new company with the Selkirk First Nation.