Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Production / Operations Routine +

Makenita Completes Work Program on the Sisson West Tungsten Project in New Brunswick

Makenita Advances Critical Mineral Footprint Amidst Tungsten Surge, Yet Dilution Risk Looms

By The Northwire Desk — AI Analysis May 22, 2026 · 03:02 KENY · 0.195 Makenita Resources Inc.
Executive Summary
  • Makenita Resources Inc. completed a helicopter-based aeromagnetic, radiometric, and VLF survey across its 9,845-acre Sisson West Tungsten Project in New Brunswick on May 22, 2026.
  • The company is currently interpreting data to determine the next phase of exploration work.
  • The project is located directly adjacent to the Sisson Tungsten mine, designated as a "nation-building project" by the Prime Minister of Canada.
  • Management reiterated progress on the Serpentinization Iron-Magnetite Project in Saskatchewan (51,304 acres) and other portfolio assets including NTX Rare Earths and Hector Property.
  • This follows previous announcements regarding land expansion and commencement of survey operations in April 2026.
Material Impact
  • The news represents a procedural milestone rather than a discovery; completion of geophysics is an expected step following the April 28, 2026 announcement to commence operations.
  • No drill results or resource estimates were disclosed, meaning no immediate valuation re-rating can occur based solely on this release.
  • The mention of the Saskatchewan project expansion (51,304 acres) was already announced in detail on May 13 and May 15, making it incremental rather than new information for the market.
  • Given the small float (~30 million shares), any future drill results could be material, but this specific update is routine progress consistent with management's stated timeline for an "active 2026."
KENY · Price
Company Overview
  • Flagship Project: Sisson West Tungsten Project (New Brunswick), ~9,845 contiguous acres.
  • Strategic Location: Directly adjacent to the operating Sisson Tungsten Mine, which holds "Nation-Building" status in Canada.
  • Portfolio Expansion:
    • Serpentinization Iron-Magnetite Project (Saskatchewan): 51,304 contiguous acres, bordering Max Power Corp.
    • NTX Rare Earth Project (Quebec): ~9,000 acres.
    • Hector Property (Ontario): 5,542 acres prospective for cobalt, silver, and diamonds.
  • Management: Jason Gigliotti serves as President & CEO.
Read the original news release →

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