If your portfolio has room for options on transformational returns, junior mining stocks can be a fruitful asset class to consider.
This is because the approximately 10-15-year journey from pre-revenue explorer, to mine developer, to mineral producer, often goes hand in hand with an exponential increase in share price, driven by commodity demand, project quality and management’s skill at unlocking value from assets and operations.
The obstacle that keeps most investors from participating, no surprise, is the shift in perspective required to assess a company that’s yet to make money. Instead of income statements, an investor must determine whether mineral properties are worth more than the market thinks, and whether or not management has the wherewithal to hit development milestones and change investors’ minds. This task can get rather esoteric, especially with properties that are only beginning to be explored.
Consequently, the market often gets it wrong with junior mining stocks, causing them to fail to accurately reflect their underlying companies’ potential, gifting active investors who know better with a window to pick up shares at a bargain.
In the newest edition of Stockhouse’s Weekly Market Movers, I’ll consider two junior mining stocks offering sound arguments for being the right names to put our market misperception thesis in play.
Myriad Uranium
We begin with Myriad Uranium, market capitalization C$19.59 million, a miner that owns 50 per cent and may earn up to 75 per cent of the Copper Mountain project in Wyoming. The more than 10,000-acre project hosts numerous uranium deposits, as well as historic uranium mines and resource estimates, with 15 drill-defined prospects on the company’s radar to add to the land package’s more than 75 years of resource expansion history.
This content has been prepared as part of a partnership with junior mining stocks Myriad Uranium Corp. and Group Eleven Resources Corp., and is intended for informational purposes only.
According to the September 2025 investor presentation, Myriad believes Copper Mountain may house more than 65 million pounds of uranium, representing more than US$4.9 billion in the ground at the price of US$75.7 per pound as of September 13.
With initial 2024 drilling yielding uranium grades 20-60 per cent higher than spectral gamma detection, including unexpected high grades at depth – most recently highlighted in a June 11 news release – and more drilling across multiple targets planned for the near future, Myriad sees plenty of room to run.
The multi-billion-dollar disconnect between Copper Mountain and Myriad’s market capitalization is only widened by its 100-per-cent-owned Red Basin uranium project in New Mexico, whose resource potential is estimated to be up to 45 million pounds, with geophysical work planned to guide future exploration.
Captained by a management team with a strong uranium background, and propelled by its target commodity’s privileged role in the energy transition, Myriad’s future is looking mighty bright.
However, you wouldn’t know this by investor reception, with Myriad Uranium stock (CSE:M) having gained only 11.36 per cent since 2020, despite uranium more than doubling from US$30 per pound in September 2020.
Thomas Lamb, Myriad Uranium’s chief executive officer, spoke with Stockhouse’s Ricki Lee about the company’s most recent assay results and its current positioning in the uranium sector. Watch the interview here.
Group Eleven Resources
We end with Group Eleven Resources, market capitalization C$94.20 million, a junior miner exploring Ireland’s most significant mineral discovery in more than a decade.
Known as Ballywire, the 6 km x 2 km discovery, made in 2022, has substantiated high grades of zinc, lead, silver, copper, germanium and antimony, yielding a wealth of highlight intercepts, including 12 metres of 1.4 per cent zinc and lead, 560 grams per ton of silver, 2.30 per cent copper and 0.17 per cent antimony (drillhole 25-3552-31).
These results help Ballywire earn its place near at least 4 established deposits, including Glencore’s Pallas Green (45.4 million tons grading 8.4 per cent zinc and lead) – one of the largest undeveloped zinc deposits in the world – as well as Group Eleven’s 77.64-per-cent-owned Stonepark deposit only 20 km away (990 million pounds of zinc and 301 million pounds of lead inferred), making management confident about an ongoing 8,000-10,000-m drilling campaign continuing to foster shareholder value.
When we add up the Stonepark resource to Group Eleven’s 60-per-cent-owned Ballinalack resource to the north (898 million pounds of zinc and 136 million pounds of lead inferred), we get more than US$1 billion in commodities in the ground.
Group Eleven’s two largest shareholders, Michael Gentile (14.2 per cent) and Glencore Canada (14.1 per cent), know this figure is likely to grow considerably, should Myriad succeed at guiding Ballywire towards a mineral resource estimate, and the company appears to be squarely on this path, with 3 regional gravity-high anomalies to be systematically tested, a copper-silver target at depth currently being drilled and approximately 25,000 m of fully-funded drilling planned through 2026.
Supported by growing expectations of a zinc deficit in the coming years, coupled with the mineral’s unmatched ability to protect steel from rusting and its growing role in the energy transition, Group Eleven is, as CEO Bart Jaworski stated in an August 28 news release, “poised to keep generating shareholder value through the drill bit for the foreseeable future.”
Group Eleven stock (TSXV:ZNG) last traded at C$0.36. The stock has added 65.91 per cent year-over-year and 265 per cent since 2020.
Jaworski sat down with Ricki Lee to discuss recent drilling at Ballywire extending the main discovery corridor by 135 metres. Watch the interview here.
Thanks for reading! I’ll see you next week for a new edition of Weekly Market Movers, where I delve into companies that sat down with Stockhouse for an interview over the past week. Here’s the most recent article, in case you missed it.
Join the discussion: Find out what investors are saying about these junior mining stocks on the Myriad Uranium Corp. and Group Eleven Resources Corp. Bullboards and check out the rest of Stockhouse’s stock forums and message boards.
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