Fireweed Metals Corp
FWZFireweed Metals Corp. is a Canadian firm specializing in the acquisition, exploration, and development of mineral properties across Canada. Their exploration efforts target a range of base and critical metals, including zinc, lead, and silver, alongside gallium and germanium deposits. The company's portfolio features a significant interest in the Macmillan Pass project in Yukon and the Gayna River project located in the Northwest Territories. Furthermore, Fireweed holds an exclusive option to acquire full ownership of the Mactung Tungsten project, an expansive 37.6-square-kilometer site spanning parts of both Yukon and the Northwest Territories. Established in 2015, the company underwent a name change from Fireweed Zinc Ltd. to its current designation, Fireweed Metals Corp., in June 2022. Its corporate headquarters are situated in Vancouver, Canada.
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Key Information
Legal Entity
Fireweed Metals Corp
Sector
Precious Metal
Founded
January 2, 2018
Employees
27
Reporting Currency
CAD
Contact Phone
604 646 8361
Website
fireweedmetals.comHeadquarters Address
800 West Pender Street , Vancouver , BC V6C 2V6 , CA
Identifiers
ISIN
CA31833F1045CUSIP
31833F104
Commodity Portfolio
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Videos
Elemental Royalty Corp – US$290 Million Acquisition of 5 Streams & Royalties, Generation Divestment
Key Highlights
brief- Bell cites MacTung in Canada, held with the Lundin family through Fireweed Metals, among the high-quality assets in Elemental's top 10.
Elemental Royalty buys five gold and silver streams and royalties for US$290 million, adding scale, producing assets, and North American and West African exposure. The Kouroussa stream sits over the mine's mill, so future ore from any new licenses Mansa consolidates automatically pays Elemental. Spinning the Generation exploration business into Carlin East trims staff from about 45 to 20 and cuts G&A (overhead costs) by over 25%. Gold-equivalent ounce (GEO — production stated in gold terms) revenue is guided from about 20,000 ounces this year toward 50,000 by 2031. Portfolio quality is compounding: the average value of Elemental's top eight assets climbed from roughly $35 million to about $170 million in 15 months.
Scott Casselman of Rackla Metals Inc. talks to John Kaiser | Metals Investor Forum Sept. 2026
Key Highlights
brief- Kaiser speculates the group he ties to Fireweed's MacTung project could be a contender to acquire the mothballed Cantung mine; Casselman says such a buyer would not necessarily be bad for Lantung.
First Lentung assay results are due within weeks, and management expects drilling to support an NI 43-101 resource (Canada's reporting standard) next year. The estimate leans on resampling about 25,000 metres of 1977-1982 Union Carbide core, since twin holes confirm the historical drilling's locations and data quality. A $3.6 million flow-through financing (shares funding exploration, sold at a premium) tops up $8.5 million in hard-dollar cash already in the treasury. Drone magnetics flagged about six new anomalies - pyrite in tungsten skarn is magnetic - along a 15-kilometre limestone band, triggering a property-wide helicopter survey. Management confirms weighing a bid for the mothballed tungsten mine 55 kilometres away, viewing Lentung's near-surface high grade as a sweetener for its remaining ore.
Scott Casselman of Rackla Metals Inc. presents at Metals Investor Forum in Vancouver | Sep 2026
Key Highlights
brief- Fireweed Metals owns the Mactung project about 110 kilometres north of Rackla's ground, which the speaker describes as one of the largest and most significant tungsten deposits.
Tungsten prices have risen roughly tenfold in a year while China supplies about 80% of the metal and North America mines none. Rackla staked the long-dormant Lantung project in the Northwest Territories, where Union Carbide outlined a high-grade open-pit resource in the late 1970s. A pilot magnetic survey has outlined untested targets, and a property-wide airborne magnetic and radiometric survey is now underway. A National Instrument 43-101 resource (Canada's formal mineral estimate standard) is planned for Q2 2027, with 4,000-5,000 metres drilled this season. The past-producing Cantung mine 55 kilometres south keeps its mill and infrastructure intact, offering possible ore-feed synergies under discussions with the receiver.
American Tungsten ($TUNG | $TUNGF) CEO Ali Haji on Restarting the Historic IMA Mine
Key Highlights
brief- The guest describes Fireweed as the largest high-grade tungsten deposit globally at 0.7% WO3 with 42 million tons in the Yukon, but notes it is 'many years from production.'
- He flags Fireweed as the only asset with a higher tungsten grade than IMA, using it to argue IMA offers a nearer-term alternative.
American Tungsten is racing to be among the first new US tungsten producers in decades by restarting the high-grade IMA mine in Idaho. Tungsten prices are up roughly 600% as China chokes off supply, but the metal also powers automotive (about 28% of demand), aviation, microchips, and nuclear. A staged plan starts with $5 million in tailings capex generating $45–75 million over two years, then commissions the main mill around April next year. The IMA deposit is on private patented land above the water table, with 0.55% tungsten grade (about 2.5x peer averages) plus moly and silver byproducts. Funding includes a $25.5M EXIM (US Export-Import Bank) LOI and a $40M raise from Stifel, Nicklaus, and Canaccord; CEO Ali Haji says no more capital raises are planned.
Elemental Royalty – Q2 Financials Reported Record Quarterly GEOs & Operating Cash Flow, Growth Ahead
Key Highlights
brief- Fireweed is Elemental's partner on the Mactung tungsten project, which is moving toward a feasibility study next year.
- Fireweed has secured government money and expedited permitting for Mactung as a strategic/critical mineral, and the host notes tungsten prices have risen about 10x on Chinese export controls.
Elemental Royalty posted record Q2 2026 GEOs of 5,248 and operating cash flow of US$15.5M, on track for 17,000-21,000 GEO guidance. The company projects organic GEO growth from ~20,000 in 2026 to 35,000 by 2030, the strongest in its history. The Tether dividend option lets shareholders take payouts in tokenized gold backed one-for-one by physical metal. Casarones weather events trimmed Lundin Mining copper guidance, but a diversified royalty portfolio absorbed the impact. Index inclusions (Russell, MSCI) and 70x liquidity growth since mid-2025 could unlock a valuation rerating.
Elemental Royalty Corp – Visual Tour Through The Key Producing and Development Royalty Assets
Key Highlights
detailed- Bell says the MacTung tungsten royalty over Fireweed's project cost $4.5 million about two years ago and now carries analyst consensus value around $40-50 million, a multiple of that at mid-2026 tungsten prices.
- At current tungsten prices he says the royalty would repay its acquisition cost on a four-month basis and would be worth about $200 million in its own right, though Elemental does not underwrite that price.
- The project is already permitted, needing only permit updates rather than new permitting, and is backed by pure grants (not loans or equity) from the US Department of War and the Canadian government, with feasibility due in 2027 and a construction and financing decision expected in 2028-29.
- Bell adds the previous feasibility study showed a resource supporting a 50-year mine life, and that JX Nippon bought into Fireweed partly for MacTung after Lundin raised its Caserones stake.
Discovery optionality is why investors own royalties: counterparties spend hundreds of millions exploring ground where Elemental holds a royalty slice. The net asset value per share trend is the best single KPI for comparing royalty companies and exposing dilution discipline. Cornerstone assets keep compounding: operator expansions at Timok, Caserones, Karlawinda, and Laverton grow resources and production without extra royalty cost. Recent catalysts include the US$25 million Chapi copper financing, the pending Vizsla Royalties acquisition, and first Russell index inclusion. Underwriting stays conservative: modeled production is delayed one to two years beyond operator timelines, and buybacks signal shares trade below NAV.
THESE Gold & Silver Stocks a Screaming BUY - 'More Bullish Than Ever': John Feneck and Don Durrett
Key Highlights
brief- Feneck mentions Fireweed Metals only as a comparison, saying he knows it is also quite large in Canada, while discussing Spartan's tungsten acquisition.
Durrett frames the metals selloff as a correction, not the end of the gold bull market, which he says only breaks below $3,000. Both guests attribute the drop since March 1st to the Iran war rather than mine fundamentals, and warn of another seasonal dip this fall. Feneck's development picks include Silverco, Blackrock Silver and Silver 47, each trading far below its spring highs on unchanged plans. Durrett's stock lists split by horizon: quality North American producers for a year, developers for three-to-five-year multi-bagger attempts. Feneck is bullish on tungsten equities despite an 8-9x spot price surge, because China supplies about 80% and no ETF or futures market exists.
Toogood Gold ($TGC | $TGGCF): Advancing a District-Scale Gold Project in Nevada
CEO Colin Smith says the never-drilled Table Mountain project in Nevada is a district-scale epithermal (hot-spring style) gold system with multigram gold in surface veins. Band-on-band vein textures record boiling — the process that drops gold out of solution — pointing to shallow drill targets in an intact system. Origin Royalties and Altius Minerals found the project with airborne spectral alteration mapping, mirroring the 16-million-ounce Silicon-Merlin district nearby. In Newfoundland, the Toogood project hit visible gold in 15 of 19 maiden holes, and thin glacial cover makes soil anomalies reliable drill guides. About C$3 million in treasury and 85 million shares out fund the work, with a maiden Nevada drill planned for Q3 or Q4.
John Feneck: Big Supply Crunch Coming to This Critical Mineral & Quality Gold Miners On Sale
Key Highlights
detailed- The guest says he owned Fireweed near a buck and sold around two and a half, and that he was checking the price again on the day of this June 2026 recording because it had run up like everything else.
- He calls it one of the Canadian tungsten projects he hears about most, with a large deposit in Canada but no production yet.
- He sees the Lundin family backing the project as a real positive, arguing that well-capitalised owners are a sign the project will not fail.
- Even so, he says Fireweed is well behind schedule in advancing the metal and that it is not happening yet.
China, Russia and North Korea control roughly 85% of global tungsten, and the US has produced none since 2015. China's January 1 cutoff of Japanese tungsten shows how fragile allied supply chains have become. Nevada projects lead domestic tungsten options; Western Star reports grades above 3% versus 0.3% for the average junior. The guest calls the 25% to 30% precious metals pullback a buying opportunity, with silver holding 60 and gold 4,000. His names include Power Metallic, Silverco, Americas Gold & Silver, Triumph Gold, Norsemont and Eastport Critical.
#100 Digging for Dollars #28 The Game Has Changed Dan Earle and Access to Capital In the Mining Sect
Key Highlights
brief- Fireweed Metals is named, alongside Highlander, Montage and Blue Moon, among the companies that have managed to raise substantial amounts of capital lately.
Access to capital, once a junior miner's edge, is no longer an advantage now that participation in resource equities has broadened. Cost of capital has collapsed: Lundin Gold financed Frida del Norte near 20%, while juniors now issue bonds below 9%. Big raises remove junior mining's top risk — getting through the valley of death — which makes dilution a secondary worry. Dan Earle argues investors anchored to prior cycles misread today's deals; newcomers without fixed priors often perform better. Three rapid pitches: a Nevada producer with a $750M NAV second asset, a $6M Peru silver explorer, and a fresh copper find.
Darwin Green & Jeff Clark discuss Onyx Gold at the May Metals Investor Forum
Onyx Gold Corp is advancing district-scale gold exploration in two premier Canadian mining jurisdictions: Timmins, Ontario and the Yukon Territory. The company's portfolio is anchored by the high-grade Munro-Croesus Property and the recent Argus North discovery in the historic Timmins Gold Camp. Strategic Yukon land position includes the King Tut Property, located near Snowline Gold's Valley discovery and Fireweed Metals' MacPass Project.
Triumph Gold ($TIG) Freegold Mountain Project in Yukon: Up to $8.4B Resource Estimate
Key Highlights
brief- The guest cites Fireweed Metals as one of the Yukon companies beginning to have success again, part of his case that the territory is entering an active investment phase.
Interim CEO John Anderson values Triumph Gold's 2-million-ounce gold-equivalent resource (all metals stated as gold ounces) at $8.4 billion in-ground versus $2.1 billion in 2020. The stock trades near $15 per resource ounce against a roughly $30 junior-sector average, and management sees 2026 exploration as the re-rating catalyst. Road access to Freegold Mountain keeps drilling near $150 a meter, while helicopter-supported Yukon competitors face roughly $750 — infrastructure drives exploration economics. Management capped potential dilution at 15% per financing and paused fieldwork for three years, restarting as gold, copper prices and Yukon governance improved. A newly acquired Utah silver project — a 2-mile surface vein with a 12-ton bulk sample grading 43 ounces per ton — drills later this year.
Sitka Gold - Rhosgobel Discovery Confirmed 1.1KM Of Mineralization, 60,000 Meters Planned in 2026
Rhosgobel mineralization spans the full 1.1-kilometer strike after 43 holes and nearly 13,000 metres of 2025 drilling at Sitka Gold's Yukon RC Gold Project. Sitka Gold plans its maiden mineral resource estimate (MRE — the first official size estimate) for Rhosgobel ahead of PDAC in Q1 2026. Re-assaying 32 holes for tungsten trioxide could add byproduct value and smooth out gold grade, with a separate tungsten resource to follow the gold MRE. The 2026 program targets 60,000 metres starting mid-February, directing about half toward Rhosgobel expansion plus step-outs at Blackjack, Saddle, Eiger, and Pukoman. Rhosgobel remains open in all directions and at depth — the deepest hole cut mineralization at about 400 metres, with 100-metre step-outs planned.
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