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Three Canadian Penny Stocks On My List This Month

R
Jul 15, 2026 · 02:19

Whattup degens. I've been digging into juniors that are cheap relative to what's actually in the treasury and on the calendar. All three below are funded, have verifiable assets or contracts, and have dated news flow coming, no mystery miners, no lifestyle companies. Switching it up a little this time tho, two miners and one tech wildcard this round. Here's the dig:

**Fox Tungsten (TSXV: FOXT / OTCQB: FOXTF)**

**Asset:** The Fox Project in central BC, one of the highest grade tungsten resources in the West. The 2018 NI 43-101 shows 582,400 t @ 0.826% WO₃ Indicated and 565,400 t @ 1.231% WO₃ Inferred, roughly 1% blended, which is Cantung tier grade. The resource is small and eight years stale, which is exactly what the current program is built to fix. Tungsten macro does the rest of the talking: China controls \~80%+ of supply and has been squeezing exports, and there are almost no Western pure plays.

**Drill/Catalysts:** A fully funded 20,000 m program kicked off June 25, the biggest in company history. Two rigs turning, \~60% of the metres aimed at growing the resource toward an updated MRE and a PEA in H1 2027. First assays should start flowing late summer. One date to circle: \~55M shares from the April placement go free trading around August 23, right as results land. Flow through paper flips, results need to be strong enough to absorb that supply, and there's a \~27.5M warrant wall at $0.22 overhead. Know where the furniture is before you walk in.

**Financials/Mgmt:** \~$15.7M cash against \~$4.6M liabilities after a $12.7M bought deal led by Stifel with Canaccord in the syndicate, real banks, not basement financiers. Waratah Capital holds board nomination rights and just seated a 30 year mining finance veteran. 274.9M shares out after two decades as Happy Creek (prev. name), so this is a funded structure, not a tight one.

**Prospector Metals (TSXV: PPP / OTCQB: PMCOF)**

**Asset:** The ML Project in the Yukon's Tombstone Gold Belt, home of the new TESS Zone discovery. The two 2025 discovery holes ran 44 m @ 13.79 g/t Au, \~1.9% Cu and 38 g/t Ag, and 14 m @ 7.29 g/t Au, some of the best new intercepts in Canada last year. This is a Discovery Group company (the Great Bear / Kaminak stable), and CEO Rob Carpenter was Kaminak's founding CEO, the Coffee deposit team that sold to Goldcorp. He owns \~2.9% of this one.

**Drill/Catalysts:** A fully funded 25,000 m program started in May and it's moving: 15 holes (3,203 m) already complete, twelve on TESS, third rig arrived end of June. Samples are at the lab right now with initial results expected within weeks, released in batches. This is the most imminent catalyst on this list. They're also spinning the non Yukon projects into a separate vehicle, leaving PPP a pure play Yukon discovery story.

**Financials/Mgmt:** $44.7M cash against $300K in liabilities, the cleanest balance sheet I've ever put in one of these posts, covering a \~$15M program with years of runway left. Fair warning on price: at a $181M cap the market has already paid for a good discovery, so this is a "does TESS have continuity" bet, not a mispricing bet. TESS is two published holes plus pending infill, batch assays will reprice this violently in either direction. The setup earned the slot.

**Inturai Ventures (CSE: URAI / OTCQB: URAIF)**

**Asset:** The high upside wildcard. The story is creating intelligent environments through their proprietary platform, Stealthwave. Investors are overlooking the technologies that actually help AI understand the world, and Inturai is developing the critical technology designed to help intelligent systems actually understand what is happening inside physical spaces. Commercial validation is already hit and miss but real: with aged care deployments in Australia, a Defence Advisory Board that includes a retired Rear Admiral, and a first North American defence MSA with a special forces founded contractor (US$475K three year minimum target). On July 6, they signed an LOI to acquire DomeCommand, an AI command and control platform for autonomous drone swarms, which doubled the stock on the news.

**Catalysts:** Investor webinars on July 23, followed by the signing of the definitive DomeCommand agreement and CSE approval. The acquisition structure is exceptionally cash light: only C$25K upfront, with the remaining 30M shares at a deemed $0.20 strictly milestone gated. The seller accepting paper over cash is a strong internal belief signal (fully earned, it puts outstanding shares at 122.3M, obviously with dilution if the platform succeeds).

**Financials/Mgmt:** For investors, Inturai represents an early stage company positioned squarely at the intersection of AI, defense, and national security, some of the fastest growing investment themes globally. Financially, cash runway remains unverified until six month financials, meaning near term financing risk is live. Weigh everything, including this post, accordingly. I hold it anyway, sized like the lottery ticket it is, because the catalyst is dated, the counter drone theme is incredibly hot, and the Stealthwave spatial intelligence model is a massive differentiator.

**Bottom line**

The common thread is the only thing I screen for: money in the bank and binary news on a clock. FOXT (august) and PPP have assays imminent; URAI (july) has a circled calendar date and a hand full of flags. All three are speculative as hell, size accordingly.

Positions as stated per ticker above. As always, DO YOUR OWN DD! I eat crayons and drink detergent! Not financial advice

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