SHFE Zinc Dips to RMB 25,700/t, Boosting Downstream Buying and Spot Premiums

Barksdale Resources Corp. announced the closing of the first tranche of its previously announced non-brokered private placement of up to C$14 million. The company issued 73,216,777 units at C$0.18 per unit, raising approximately C$13.18 million in gross proceeds. Net proceeds are intended to support a phased 16,000-metre diamond drilling program at the Sunnyside copper-zinc-lead-silver project in Arizona, United States, including an initial 8,000-metre campaign expected to begin later in fall 2026. Barksdale holds a 67.5% interest in Sunnyside. The planned drilling will follow up previous reverse-circulation results, with the objective of defining an initial Mineral Resource at the Sunnyside Porphyry Deposit. The program will also test areas near the historical Sunnyside, Volcano and Thunder mines. A ZTEM geophysical survey is planned across Sunnyside and the Four Metals property. The second financing tranche is expected to close in mid-October, while the offering and debt settlement remain subject to final TSX Venture Exchange acceptance.

According to SMM, a zinc smelter in central China began a production halt for maintenance this evening, with the maintenance expected to last 30-35 days, affecting around 10,000 mt.

Alaska Silver Corp. announced completion of its 2026 drilling program at the Illinois Creek Project in western Alaska, United States. A total of 9,495.90 metres was drilled, exceeding the expanded 9,000-metre target. Approximately 5,022 metres were completed at Silver Sage and 4,473 metres at Waterpump Creek. The company sampled 39 drill holes during the program, comprising 27 holes at Silver Sage and 12 at Waterpump Creek. Core logging, cutting and sampling were completed on September 12, with the final shipment dispatched on September 23. Waterpump Creek hosts previously reported zinc-lead-silver mineral resources, with the existing Inferred Resource Estimate grading 11.28% zinc and 9.87% lead. The 2026 program generated 6,753 drill-core samples weighing approximately 24.8 tonnes, which have been submitted to ALS Global for preparation and analysis. Assay results from the new drilling remain pending. Separately, the company collected an approximately one-tonne bulk sample from the historical Illinois Creek mine area for metallurgical testing focused on gold, silver and copper recovery.