Ryan Stancil,
Editor
June 8, 2026
Commodity Callout
A turbulent week saw just about everything go down in value, but uranium held strong.
Metal Price Update
Gold — Gold had been holding steady for much of the week, only to end in a downturn. It started around $4500 per ounce and ended around $4338. Economic news and the specter of rate hikes weighed on the price, but the bull market persists.
Silver — Silver was in a similar situation. It started around $73 per ounce and ended at $68. This is a good opportunity to add to any holdings before prices begin to recover.
Copper — Copper’s price started around $6.60 per pound and dropped to around $6.25, showing that even it wasn’t safe from the wipeout. Demand for copper isn’t going anywhere, so traders should take advantage of the pullback while they can.
Lithium Carbonate — Lithium continued to decline. It started the week around $26,500 and ended around $24,000. Lithium has traditionally been a boom-and-bust commodity. In the short term, this seems like a bust, but prices are still far higher than they were a year ago. Like other commodities, the signs point to this downturn being temporary, and thus a buying opportunity.
Uranium — Uranium mostly remained in the range around $86 per pound, showing resilience in a down market. Despite everything else happening in the world, uranium is something that remains in high demand and the price resilience reflects that.
Company Callout
One company to consider for your portfolio is FinEx Metals (TSX-V: FINX)(OTC: FNXMF), a company with gold mining operations in Finland’s Central Lapland Greenstone Belt.
It’s still in the early stages of exploration, having conducted drilling recently that turned out to not be as productive as they hoped and causing the stock to pull back as a result. Still, the company continues its work, having recently announced a summer exploration program on its 100%-owned Kero gold project.
There will be approximately 2000 meters of diamond drilling in an area where historical sampling outlined a 1.2 km long zone of intermittent gold-mineralization, including several historical drill core intercepts such as 9.05 m grading 1.95 g/t Au, including 1.05 m grading 12.6 g/t Au. The hope is that follow-up drilling will uncover structures that had not been optimally tested in the past.
This could be a smart addition to a portfolio because the project is near existing mining operations owned by other companies and infrastructure is already in place. Additionally, the project is in a stable jurisdiction and the company has a proven exploration model.
The company’s small valuation, especially in light of recent pullbacks, means there’s significant upside potential if the exploration-stage project is what management believes it is.
You can learn more about the company’s recent announcement and hear analysis from Gerardo in the most recent episode of Bizarro World Live by clicking here.
Gerardo also has the company in his Junior Resource Speculator portfolio. You can learn more about the company, including price buying guidance, by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest