Nine Mile Metals reports high-grade copper intercept from New Brunswick drilling

Updated Oct 21, 2026 4:56pm ET

Markets

The S&P/TSX Composite closed at 36,324.99, up 217.03 points, with technology-sector gains cited as a help while U.S. markets also rose. The Canadian dollar was at US$0.71211 in late-afternoon trading, and investors still saw roughly an 80% chance that the Bank of Canada raises its benchmark rate by 25 basis points to 2.50%. Oil was at US$97.65 in late-afternoon trading, down 0.17, as shipping data showed Middle East crude exports recovering. Ottawa pledged $1 billion over three years toward the Ring of Fire road, matching Ontario, within a larger $8.7 billion support package. Teck reported that strike notice from United Steelworkers Local 7619 has reached its Highland Valley Copper mine in B.C.

Venture & CSE

The S&P/TSX Venture Composite closed at 848.54, up 2.54, and the CSE Composite closed at 142.61, up 3.12. On the CSE, Nine Mile Metals said hole WD-26-18 cut 11.65 m at 7.13% Cu-Eq, with a 6.70 m interval at 9.93% Cu-Eq, plus an upper 31.50 m copper stringer zone; shares rallied on the New Brunswick VMS results. Gold traded at US$4,150.8 and silver at US$57.980 in late-afternoon trading. In Yukon, Blue Jay Gold (TSXV: JAY) struck a purchase deal with Ocean Partners UK Limited covering older stockpiles at its Steller project, which it framed as non-dilutive funding. Also on the CSE, Krait Critical Minerals (CSE: KRIT) signed an option on the historical Nevada King antimony mine in Humboldt County, Nevada, from Sierra Antimony Corp.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Oct 21, 2026 4:55pm ET

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