1.6 KM of Chargeability: District-Scale Potential and Bullish Charts for One Canadian Copper Explorer
Contributed Technical Analyst Opinion

Important Disclosures:

1. Adamera Minerals Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship. 
2. Adamera Minerals Corp. has paid Street Smart (an affiliate of Streetwise Reports) a fee of US$3,500 for the preparation of an independent technical research report. 
3. 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.
4. 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. Mr. Thomson is not an investment advisor. He does not know the financial situation or risk tolerance of any reader. 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. Mr. Thomson owns no securities in Adamera Minerals Corp., and he has no direct financial relationship with the company.
5. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
6. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.

Adamera Minerals Corp. (ADZ:TSX.V; DDNFF:OTCMKTS) is a Canadian minerals exploration company in the middle of one of its most active exploration windows in many years.

Earlier this month, the company announced that it had traced a chargeability anomaly at the Max copper-gold target over 1.6 km of strike and staked the Bromley claims, adding over 4,700 hectares to its South Hedley property, and is pushing it to more than 24,000 hectares.

With drill permits for both Max and Glix pending since February 2026, roughly 2,000 soil samples awaiting assays, and the company well-funded, the stock is poised before a cluster of near-term catalysts, just as key charts show the bulls now have the upper hand.

Why Copper and Tungsten?

Copper demand is being lifted by AI data centers, defense spending, and grid buildout, while tungsten prices have surged on tightening exports and a looming potential supply deficit.

Figure 1: Weekly Copper Chart

Technical Analysis & Observations:

• A large inverse H&S pattern with breakout is in play.
• Following the breakout, a strong uptrend with shallow pullbacks has been the theme.
• All in all, it's a very bullish chart.

Figure 2: Tungsten Price Chart

Technical Analysis & Observations:

• After almost tripling early this year, the gains are holding.

Fundamental Share Price Catalysts

• Drill-Permit Approvals: Applications for the Max copper-gold porphyry and Glix gold skarn targets were both submitted in February 2026 and are pending. This is likely the single biggest near-term event for the share price. The company has added new drill sites to its permit application based on the August 2026 IP survey results, meaning the eventual program should be more comprehensive than originally scoped.
• Assay Results: About 2,000 soil samples were collected in the 2026 program along the IP survey lines and across the open margins of the copper-gold anomaly. The pending batch will provide continuous coverage and confirm whether the geochemical halo extends across the full 1.6 km of strike now traced.
• Continued IP Surveying: Three additional lines were completed as recently as September 16, and every line to date has detected the anomaly. The coincidence of chargeability with high Cu-Au soil values is strong evidence of a buried sulphide system.
• Bromley Claim: Approvals would extend the property 12 km westward to the eastern boundary of HudBay Minerals Inc.'s (HBM:TSX; HBM:NYSE) Copper Mountain mine along a 40 km mineralized corridor. If approved, initial work on the new ground is expected to include prospecting, sampling, and potential airborne geophysics to define additional drill targets between Max and Copper Mountain.
• Washington State Tungsten Portfolio: Flag Hill, Tungsten Ridge, and Talisman are advancing alongside a domestic U.S. supply narrative. The company established a dedicated Washington Tungsten Hub in June 2026 and identified three drill targets at Talisman, amid a fivefold surge in the tungsten price, tighter Chinese exports, and a looming global supply deficit.

Adamera's Competitive Advantage

• Proximity To Proven Infrastructure: South Hedley sits just 18 km from Hudbay's producing Copper Mountain mine, giving Adamera access to roads, power, water, and a skilled local workforce that de-risks and lowers the cost of any future development.
• District-Scale Land Position: With 24,000+ hectares stretching along a 40 km mineralized corridor toward Copper Mountain's eastern boundary, Adamera controls a footprint that no single peer in the district can likely match.
• Low-Cost, "Next-To-Deposits" Exploration Model: The company is advancing its ground through geophysics and soil sampling rather than expensive reverse-circulation drilling, extending its runway per dollar of equity raised.
• Dual-Jurisdiction, Dual-Commodity Portfolio: Combining a BC copper-gold porphyry/skarn package with a Washington State tungsten position gives Adamera exposure to two distinct demand drivers (grid/AI copper demand and U.S. critical minerals policy) that no single-asset peer can replicate.

Ownership & Share Structure¹

Adamera Minerals Corp. has a market cap of approximately CA$13.32 million and 66.6 million shares outstanding. The 52-week range is CA$0.05-CA$0.23.

Institutions hold 1.30% of shares, management and insiders hold 4.66%, and retail investors hold the remaining 94.04%. 

Technical Analysis

Figure 2: Adamera Monthly Chart

Technical Analysis and Observations:

• A bull wedge with a large burst of volume at the base of the wedge is in play.
• RSI is steadily rising; bullish.
• Stochastics and MACD are both on crossover buy signals.

Adamera is a CDNX index component stock. If the index does well, a lot of individual component stocks do well too. 

Figure 3: CDNX Monthly Chart

Technical Analysis and Observations:

• A large inverse H&S pattern is in play, targeting at least the 2,000 area.

Investor Risks

• Dilution and funding risk: The company is pre-revenue with a small market cap; continued exploration requires repeated equity raises, and flow-through financing can be expensive.
• Operational disruption: The IP survey was suspended in August 2026 by severe B.C. wildfires and a provincial state of emergency; this is a recurring seasonal risk.
• Professional Advice: Before taking action with any investment, investors should consult with properly licensed, experienced, and qualified investment advisors and get numerous opinions. Failure to do so increases risk.

Investment Thesis Summary

1. Multi-Metal Leverage: Debt-free junior with simultaneous exposure to copper-gold porphyry (18 km from Copper Mountain) and domestic U.S. tungsten, giving shareholders two independent upside vectors in a single position.
2. District-Scale Corridor: The Max IP anomaly, traced across 1.6 km of strike, together with the new Bromley claims, extends Adamera's land position along a 40 km structural trend toward Copper Mountain, a producing mine.
3. U.S. Policy Tailwind: The 2027 defense sourcing ban on imported tungsten creates a structural price floor; Adamera Minerals's Washington State holdings (Talisman, Tungsten Ridge, Pierre Creek) are positioned to capture that premium.
4. Catalyst Density: Drill permits pending, 2,000 soil assays in the pipeline, additional IP lines, inversion modeling, and claim approvals all represent near-term, low-cost data inflection points that can re-rate the stock without a full drill program.
5. Asymmetric Risk-Reward: A small market cap with ~300% YTD stock price momentum and a thin equity base means any positive result (grade intercept, claim approval, tungsten price spike) could produce outsized percentage gains.

Conclusion

Adamera Minerals is well-positioned at the inflection point between geophysical discovery and first drilling, with the convergence of the large IP anomaly in Hedley, pending permits, pending assays, and a U.S. tungsten tailwind creating multiple overlapping catalysts over the coming months.

The recent land expansion toward Copper Mountain strengthens the district-scale story and the "next-to-deposits" thesis, while the dual-jurisdiction portfolio gives shareholders exposure to two distinct demand drivers.

The pending drill permits at the Max and Glix targets represent the most immediate value inflection point: a single hole into the buried sulphide system implied by the 1.6–3KM chargeability anomaly could re-rate the entire South Hedley property, particularly given the proximity to Copper Mountain and the district-scale structural corridor now extending toward Bromley.

Bullish charts, drill permit approvals, soil assay results, and Bromley claim approvals are the primary signals that the thesis is progressing on schedule. For investors willing to accept inherent volatility and discovery-stage risk, Adamera Minerals appears to offer one of the more asymmetric risk-reward profiles in the junior exploration space today.

Stock price at time of writing (September 25, 2026): CA$0.13

Resistance Zones for Investor Profit Booking

Short-Term: CA$0.80

Medium-Term: CA$1.65

Long-Term: CA$2.40

Technical Rating: Speculative Buy

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.