18:18:52 EDT Tue 12 May 2026
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Critical & Specialty Minerals Summary for May 12, 2026

2026-05-12 17:13 ET - Market Summary

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by Will Purcell

The critical and specialty minerals box score for Tuesday was a so-so 82-74-154 as the TSX Venture Exchange rose 12 points to 1,018. Kelvin Dushnisky and Jonathan Evans's Lithium Americas Corp. (LAC) lost 24 cents to $7.65 on 2.93 million shares. "Onshoring industrial-scale American lithium by late 2027," blathers the company's website banner, touting "the world's largest known measured lithium resource." The rest of the resource is huge as well, with 3.79 billion tonnes measured and indicated at 2,230 parts per million lithium and nearly two billion more tonnes inferred at 2,070 ppm -- a total of 66 million tonnes of lithium carbonate equivalent.

Reagan Glazier's Neotech Metals Corp. (NTMC) was unchanged at 32 cents on 131,000 shares. The company has another batch of assays from its Hecla-Kilmer rare earth project, halfway between Kapuskasing and Moosonee in Northern Ontario. There was one long hit -- 372 metres that topped near surface -- which graded 0.4 per cent total rare earth oxides, 0.11 per cent niobium oxide and 1.21 per cent potash. There were higher grades but over narrower intervals, including a 29.6-metre zone at depth that ran 0.8 per cent total rare earth oxides, 0.08 per cent niobium oxide and 2.4 per cent potash.

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