Adamera Minerals Corp.'s (ADZ:TSX.V) most notable current update relates to its Tungsten Ridge project.
On March 31, 2026, Adamera staked over 1,300 acres of additional claims, expanding its exposure to tungsten, copper, silver, and molybdenum mineralization. This move marks a shift toward broader polymetallic and critical mineral exposure, rather than just a purely gold-focused strategy. 2026 activity suggests a continuation of Adamera's established model: securing incremental financing, expanding land positions, and advancing geophysical targeting ahead of potential drilling. Investors and analysts can access recent news releases here.
Adamera's portfolio is concentrated in northeastern Washington, a region with established gold production and known skarn and epithermal systems.
As of April 8, 2026, Adamera Minerals Corp. had reported that it had identified multiple exploration targets from a detailed ground magnetic survey completed by the company at the Tungsten Ridge property in eastern Washington state.
The survey results expand the property's prospective skarn/tungsten mineralization significantly beyond the historical underground mine workings. The results will also guide an upcoming geochemical survey over the property. Adamera is now interpreting the inversion data from the magnetic survey.
Tungsten: A Critical Mineral in a Sustained Uptrend
Technical analysis suggests higher prices for Tungsten products could persist for many years.
Gold-Copper Porphyry Target at South Hedley, B.C. - Drilling Application Submitted
As of February 18, 2026, the company has identified a large-scale copper-gold target on its 100% owned South Hedley Copper Gold Project. The target has the potential to transform the Max prospect into a district-scale copper-gold porphyry opportunity.
The project is located between the historic Nickel Plate gold mine and the active Copper Mountain mine in southern B.C. (See Figure 1). A Notice of Work has been submitted to facilitate induced polarization surveys and a subsequent drilling program later in 2026.
Exploration Strategy and Execution
Adamera's strategy continues to emphasize target generation through geophysics and geochemistry rather than aggressive drilling. Techniques such as induced polarization (IP) and magnetic surveys are being used to identify sulfide-bearing systems at depth.
The 2026 magnetic survey at Tungsten Ridge is consistent with this approach, highlighting anomalies interpreted as potential skarn zones.
A key observation is that the company appears to be increasing its inventory of "drill-ready" targets across multiple properties. From a portfolio perspective, this improves optionality; systematic drilling can help reduce geological risk.
Financial Position and Capital Structure
The January 2026 Financing provides near-term liquidity.
Streetwise Ownership Overview*The company's relatively small market capitalization places it in the micro-cap category, where access to capital can be cyclical and highly sensitive to commodity price sentiment.
Shares Outstanding
Adamera Minerals Corp. has approximately 54.23 million shares outstanding.
Significant Shareholders:
- Mark Kolebaba (President/CEO): ~1,273,436 shares (2.35%).
- U.S. Global Investors, Inc.: ~1,058,954 shares (1.95%).
- Mark Jones (Director): ~468,550 shares (0.86%).
- Yale Simpson (Chairman): ~404,333 shares (0.75%).
- Pacific Opportunity Capital Ltd.: ~265,000 shares (0.49%).
Risks
Execution risk: centered on the transition from geophysical targeting to successful drill validation.
Market risk: Sensitivity to gold and broader commodity cycles
Technical Analyst Opinion
The weekly chart shows a breakout and rally from a significant base pattern. The OBV (on balance volume) is in bull mode. The accumulation basis AD line is also bullish.
MACD histograms are rising, indicating further strength ahead.
The classic price and volume chart shows enormous volume coming into the stock early in 2026.
A breakout from a six-year channel (highlighted in blue) seems imminent and would usher in substantial upside price action.
Stock price at time of writing (April 23, 2026): Approx. CA$0.17
Short-Term Technical Price Targets: CA$0.28
Medium-Term Technical Price Target: CA$0.80
Long-Term Technical Price Target: CA$1.50
Technical Rating: Strong Speculative Buy
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Important Disclosures:
- Adamera Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- For this article, Adamera Minerals Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Adamera Minerals Corp.
- Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
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