Ryan Stancil,
Editor
June 23, 2025
Commodity Callout
The Sprott Physical Uranium Trust made a move and the nuclear fuel took off. Uranium was in the spotlight as its value climbed, grabbing all kinds of headlines on the way up. It’s well on its way back to making up the ground it lost over the past year. It needs to be in your portfolio before it moves past that point.
Metal Price Update
Gold — Gold saw a down week, starting at $3421 per ounce and ending around $3383. The ongoing situation in the Middle East affected that and will continue to. This may present a buying opportunity to get into gold as its price holds and looks to recover lost ground.
Silver — Silver slipped as well, ending its recent hot streak. It had a high price of $37.30 per ounce and ended the week just under $36, pulling back for the same reasons as gold. The last few weeks showed investors had their eye on silver, and that’s unlikely to change. It’s something investors should still be adding to their portfolios.
Copper — Copper largely stayed in a limited range, though it was up from the prior week. Its low was around $4.81 per pound and it ended at around $4.83. Demand is helping to keep the price afloat so it isn’t showing as much volatility.
Lithium Carbonate — Lithium saw a slight fall last week following a slight rise the prior week. It started the week at $8425 per ton and ended at $8414. Many commodities were down over the course of the week, and the fact that lithium wasn’t as down as some others might be a good sign.
Uranium — Uranium prices saw a big pop after recent pullbacks. It started the week around $70 per pound and ended around $74.80. This came based on news that Sprott Physical Uranium Trust had penned a US$100 million bought-deal financing that was later upped to $200 million, causing money to rush into the sector. The future demand for uranium is getting impossible to ignore, and it’s likely the price will only keep going up from here.
Company Callout
GreenLight Metals (TSX-V: GRL)(OTC: GRLMF) is a company to watch due to its interests in Wisconsin’s historic Penokean Belt. It has copper and gold resources and is also sitting on a tellurium resource that could garner it a lot of investor notice in the future.
Tellurium is an element that plays a key role in solar panel manufacturing. The world's ongoing green energy transition means that a lot more of it is going to be needed. Not only that… tellurium is also used to reinforce the strength of alloys so the automotive and defense industries have plenty of use for it as well.
With drills set to turn soon, Gerardo sat down with CEO Matt Filgate to discuss the company's projects and why the upside potential is so robust. You can find that conversation and more in the pages of Junior Resource Speculator by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest