March 02, 2024

Six Standout Stocks in This Low-Risk Jurisdiction

Canada is arguably the best place for mining companies to operate and list their shares. It has rich natural resources and a strong rule of law protecting companies and investors. The country has a long mining history and is the top destination for most public companies. After all, around 40% of the global mining companies are listed in Canada.
The Fraser Institute survey confirms its go-to status. Canadian provinces consistently are at the top positions in the Fraser ranking.
Investors trust the Canadian legal system to support one of its most vital industries. After all, it creates jobs, tax income, and wealth.
While many nations promise a safe and reliable investment climate, only a handful make it happen.
Recently, British Columbia (BC), one of the most resource-rich provinces, provided unprecedented support to the local mining companies.

The Go-To Province

Canada’s New Democratic Party (NDP) tried to pass a law that would give First Nations the right to veto any natural resource project.
It caused a wave of debates among politicians, businesses, and First Nations. They agreed that giving such power to any side here would impose massive risk to the province. As a result, the state decided not to amend the Land Act.
It was a strong vote of confidence from the state.
As a result, BC will likely remain one of the leading regions for multibillion-dollar flow in investment capital.

Six Stocks to Consider

Without further ado, we would like to provide you with a list of stocks that may benefit from this latest development the most. All of these are working in BC. But they are focused on different metals.
In addition, these are trading at relatively cheap levels compared to their 52-week averages … a great value proposition, in our view.

  • Cassiar Gold (GLDC.V, CGLCF) is developing a namesake gold project in Northern BC. The Cassiar gold project hosts 1.4 million ounces at 1.14 g/t gold in Inferred resources. However, Cassiar keeps finding more gold all over the property. Last year, it hit several solid gold intervals at different targets.
    The company’s exploration is ongoing, and it plans another round of drilling this year. Cassiar is getting support from its strategic investors, such as Sprott, Delbrook Capital, and others.

  • Dolly Varden (DV.V, DOLLF) owns the Homestake Ridge silver project in Golden Triangle, BC. It’s one of the most prolific mining regions in the world. It’s home to a number of world-class mines, such as Brucejack, Red Chris, and others.

    The current Homestake Ridge area hosted two past-producing mines. These delivered 20 million ounces of silver and may get back to production once fully developed. This is what Dolly Varden is focused on.

    The latest mineral resource estimate outlined 34 million ounces of silver in the Indicated category and over 29 million ounces of silver in the Inferred category.  

  • Kodiak Copper (KDK.V, KDKCF) is another exploration company working on the MPD copper project in BC. Kodiak is part of the Discovery group, with Chris Taylor at the helm. He was in charge of the discovery at Dixie Lake during his tenure at Great Bear Resources. Kinross took over the company for $1.4 billion in 2021.
    Today, Mr. Taylor, as a chairman of Kodiak, is leading the company to another world-class discovery in pro-mining BC. The company recently completed an 18,000-meter drill program, and it is planning for another exploration season this year.

  • Defense Metals (DEFN.V, DFMTF) is another member of the Discovery Group. It’s working on contributing to the domestic rare earth elements (REE) supply chain in North America. Rare earth elements are vital for high-tech magnets used in the defense sector and electric vehicle motors.

    The company plans to release a pre-feasibility study for its Wicheeda project in the first half of 2024. This will be one of the major catalysts for the story.

  • Stuhini Exploration (STU.V, STXPF) owns one of the largest molybdenum deposits in the world. Ruby Creek hosts nearly 432.9 million pounds of molybdenum in Measured and Indicated resources and 43.6 million pounds in the Inferred category.

    It’s a world-class deposit that will likely become a mine one day. It will be tough for Stuhini to build a mine on its own, however, but it can get help from strategic partners or become a takeover target.

    Eric Sprott is a big supporter of the story. He owns 39.6% of the company. He clearly sees strong potential in this story.

  • FPX Nickel (FPX.V, FPOCF) is working in the nickel space. The company owns a unique Decar nickel project in central BC. The nickel mineralization is consistent and plentiful. It could provide material for the steelmaking industry, where nickel is used for strengthening the steel, and for nickel-rich cathodes used in electric vehicle batteries.

    Moreover, the project hosts a unique mineral that can absorb carbon emissions during the mining process. This can turn Decar into one of the cleanest nickel mines once developed.


British Columbia is one of the best places for mining companies. This is why major metal producers, such as Teck, Newmont, Hecla, and others, have projects and mines here. These companies manage billions of dollars and invest only in jurisdictions with stable outlooks. We believe BC is one of the safest places to be these days. To learn more about companies working in the province, subscribe here.

Disclaimer: This article is for informational use only and should not be used an alternative to the financial and legal advice of a qualified professional in business planning and investment. We do not represent that forecasts in this report will lead to a specific outcome or result, and are not liable in the event of any business action taken in whole or in part as a result of the contents of this report.

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok