Fireweed Metals initiated with a Speculative Buy at Canaccord

Canaccord initiated coverage of Fireweed Metals (FWEDF) with a Speculative Buy rating and C$3.75 price target The firm believes Fireweed “offers investors scale, grade, and jurisdictional advantage at a time when Western governments are actively reshaping supply chains for strategic resources.” Canaccord is also positive on the “exceptional quality” of Fireweed’s Mactung deposit and the “growing scale” of the Macpass zinc project, and believes Fireweed is positioned to deliver “outsized returns as global demand for critical minerals accelerates.”