Power Metallic Mines: Copper Assets Poised for a Revaluation
Ongoing geopolitical upheavals, most recently exacerbated by the conflict in the Persian Gulf, are forcing economies to systematically realign their international supply chains. In this environment, reliable commodity-producing jurisdictions are increasingly coming into focus, particularly for critical electrification metals such as copper. Power Metallic Mines (WKN: A40S32 | ISIN: CA73929R1055 | Ticker Symbol: IVV1) is positioning itself as an essential component of this new supply security with its 330 km² Nisk Project in resource-rich Québec, Canada. At the same time, the developer is diversifying its portfolio through an exploration project in Saudi Arabia, which is also receiving financial support from the Kingdom. The strategic importance of these assets is underscored by the financial commitment of industry giants in the commodities sector, such as Robert Friedland, Rob McEwen, and Gina Rinehart.
Operationally, management is focusing on the Lion Zone of the Nisk Project, which regularly impresses the market with exceptionally high-grade drill cores. A recent highlight of the winter drilling program was drill hole 26-116, which intersected 2.83% copper equivalent (CuEq) over a length of 36.42 m. This includes an outstanding 6 m core interval with a sensational 12.38% CuEq, which once again demonstrates the high geological quality of the deposit. Previous results have already shown that the near-surface mineralization is expected to enable an initially cost-efficient open-pit operation with moderate capital expenditures (CAPEX). To manage this transition to project development cost-effectively, Power Metallic has appointed experienced mining engineer Christopher Beal as Vice President of Operations.
The financial foundation for this pivotal phase was strengthened in June 2026 through a highly sought-after capital increase of CAD 28.2 million. Canadian billionaire and commodities investor Eric Sprott purchased an additional 1.6 million shares at CAD 1.25 each, further demonstrating his deep confidence in the project. This liquidity secures ongoing work and guarantees, among other things, the release of the first NI 43-101-compliant mineral resource estimate (MRE), which is now officially expected by the end of August. A subsequent preliminary economic assessment (PEA) will, for the first time, translate the geological drilling successes of recent quarters into a tangible economic valuation model. Analysts at GBC Research are already projecting a price target of CAD 3 (EUR 1.87), which signals fundamental upside potential given the technical bottoming out of the stock and rising copper prices.
Siemens After a Record Quarter: Is the AI Boom Enough for New Highs?
Siemens shares (WKN: 723610 | ISIN: DE0007236101 | Ticker: SIE) have delivered investors a price gain of about 16% so far in 2026 and are up approximately 23% over the past 52 weeks. With a market capitalization of approximately EUR 213 billion, Siemens is currently the most valuable company on the DAX, ahead of software company SAP. After hitting a record high of around EUR 291.50 on August 5, the share initially came under pressure but is showing signs of recovery at the start of the week, trading at EUR 279.90. From the weak opening price on August 6, the gain to the current level is approximately 3.7%.
Important for interpreting the figures: the Siemens fiscal year runs from October 1 to September 30. The third quarter of fiscal year 2026, which has now been reported, therefore covers the months of April, May, and June 2026. Operationally, Siemens delivered a record quarter. Excluding currency effects and the impact of acquisitions and divestitures, revenue rose by 8% to EUR 20.8 billion. On the same basis, order intake grew by 14% to a record EUR 27.9 billion. Earnings in the industrial business showed even stronger growth, rising by 25% to EUR 3.5 billion, while the profit margin increased from 14.9% to 17.3%. Net income rose by 15% to EUR 2.6 billion. Free cash flow also impressed with a 42% jump to EUR 4.1 billion.
The Smart Infrastructure segment performed particularly strongly. Order intake for the division jumped 42% to EUR 8.0 billion. Data centers were a key driver. In the first nine months of the fiscal year, Siemens secured orders worth around EUR 6 billion in this area. According to the company, Siemens is already collaborating with nine of the ten largest data center operators. Digital Industries increased revenue by 10% and segment profit by 44% to EUR 923 million. However, orders grew by only 9%, which was weaker than analysts had expected. This factor alone explains part of the decline in the share price following the earnings report. In the Mobility segment, profit fell slightly by 2%.
Nevertheless, management raised its forecast. Adjusted earnings per share are now expected to range from EUR 11.20 to EUR 11.50, up from the previous range of EUR 10.70 to EUR 11.10. For the group as a whole, the target remains comparable revenue growth of 6% to 8%. UBS raised its price target from EUR 310 to EUR 330 following the earnings report and reaffirmed its "Buy" rating. JPMorgan maintained its "Overweight" rating and EUR 345 target. From a technical analysis perspective, the outlook remains positive. All key moving averages are below the current price; the 200-day moving average stands at approximately EUR 249.30. In the short term, the area around EUR 291.50 represents the key resistance level. Only a sustained breakout above this level would open the path toward EUR 308.35 and new record highs. Until that happens, consolidation between approximately EUR 270 and the record high is likely.
Solid quarterly results and the raised forecast are supporting Deutsche Telekom's stock. A fresh technical buy signal currently points to further price gains. Power Metallic Mines, a financially strong copper developer with consistently excellent drilling results, is benefiting from the realignment of global supply chains and the involvement of several commodities billionaires. Thanks to strong demand for data centers, Siemens delivered a record quarter in terms of operations and rewarded its investors with a significant upward revision to its full-year 2026 forecast.
