Nine Mile Metals reports high-grade copper intercept as oil climbs overnight

Updated Oct 22, 2026 7:01am ET

Markets

The S&P/TSX Composite finished yesterday at 36,324.99, up 217.03 points or 0.60%. Oil is the overnight story, trading at US$99.17, up 2.02, after Iran reported fires or damage on seven oil tankers in the Strait of Hormuz and fears grew of a return to all-out war. Gold traded at US$4,105.1 early today, down 44.9, and silver at US$56.140, down 1.570. The Canadian dollar was at US$0.71284 in overnight trading, up 0.00095, or 1.40295 per US dollar. Separately, Teck said the United Steelworkers local served it with strike notice at Highland Valley Copper in B.C.

Venture & CSE

The S&P/TSX Venture Composite finished yesterday at 848.54, up 2.54, and the CSE Composite at 142.61, up 3.12. Nine Mile Metals (CSE: NINE) reported assays from drill hole WD-26-18, which it said intersected a high-grade VMS lens averaging 7.13% Cu-Eq across 11.65 m, with higher-grade sections of 9.93% Cu-Eq across 6.70 m and 10.46% Cu-Eq across 4.80 m, plus an upper copper stringer zone of 31.50 m. In Labrador, SAGA Metals wrapped up its initial diamond drilling at its wholly owned Wolverine Heavy Rare Earth Element Project. Gold and silver both slipped in overnight trading, to US$4,105.1 and US$56.140, the backdrop for precious-metals juniors this morning.

Market data

Index levels are Wednesday's close, the previous session. Commodities and currencies are overnight trading.

Oct 22, 2026 7:00am ET

TSX Venture most active

Oct 21, 2026 4:45pm ET

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Oct 21, 2026 4:45pm ET

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Oct 21, 2026 4:44pm ET

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Oct 21, 2026 4:44pm ET

Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.