Latest Somerset Minerals (ASX:SMM) News

Small caps stole the spotlight, with a handful of stocks doubling on deal news and early-stage project updates. Large miners were steadier, but even they couldn’t fully escape the week’s sharp gap moves.

Somerset Minerals reports thick, high-grade copper intercepts at its Coppermine project in Canada and identifies a major 17 km regional anomaly, setting the stage for a significant drilling campaign.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Somerset Minerals has identified a major 17-kilometre copper anomaly corridor, Talisker, near White Cliff Minerals’ Danvers deposit in Nunavut, Canada, following extensive 2025 geophysical and geochemical surveys. The company plans targeted drilling and geophysical follow-up in 2026 to test these promising undercover copper targets.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Somerset Minerals has secured $3.7 million to accelerate exploration at its Coppermine Project in Nunavut, revealing promising high-grade copper mineralisation over a 7 km fault zone at Jura North. Extensive regional surveys aim to uncover further discoveries across its vast landholding.

Somerset Minerals Limited has launched a C$2.25 million flow-through share offer targeting Canadian investors, aiming to accelerate exploration activities at its Jura project. The capital raise complements a planned institutional placement and highlights both growth ambitions and inherent risks.

Somerset Minerals has raised A$3.7 million through a dual placement to fund an aggressive 2026 drilling campaign at its Coppermine Project in Nunavut, targeting high-grade copper extensions and new discoveries across a vast landholding.

Somerset Minerals confirms robust high-grade copper mineralisation at its Jura North prospect within the Coppermine Project, Nunavut, with plans for an aggressive 2026 drilling campaign and regional exploration across its extensive landholding.

Somerset Minerals has reported robust assay results from its Coppermine Project in Nunavut, confirming extensive high-grade copper mineralisation at Jura North with promising depth potential. The latest drilling reinforces the project's scale and resource upside.

Somerset Minerals reports robust Phase-1 and Phase-2 drilling results at its Coppermine Project, confirming high-grade copper mineralisation and expanding potential depth targets. A $4 million capital raise supports ongoing exploration in this vast Canadian copper belt.