1. Total Metals Corp (TSXV:TT, FSE: O4N)
Total Metals Corp. is focused on advancing high-grade gold projects to production.
Gold experienced a significant rally in 2025, but as we move into 2026, changes in the macroeconomic outlook may prompt investors to shift some gains from safe-haven assets toward commodities closely tied to economic growth and industrial demand. This rotation aims to capture new opportunities arising from AI infrastructure development and global energy security needs.
Copper is regarded as the “new gold” for AI data centers, with demand surging due to the construction of data centers and modernized power grids. A severe supply shortage is anticipated in 2026, creating potential opportunities for related stocks. For example, Teck Resources (TECK) is ramping up production at its large copper mines and gradually transforming into a pure-play copper company, with its revenue primarily derived from copper and zinc sales. The company’s growth prospects have even attracted acquisition interest from global mining giants, highlighting its critical role in the future copper supply market.
As global demand for reliable, clean energy increases, nuclear power is regaining attention, and the market outlook for uranium is becoming more optimistic. Long-term underinvestment has resulted in slow supply growth, while new reactor construction projects are underway. Cameco (CCJ), as a major uranium miner and nuclear fuel supplier, is restoring its production capacity to meet long-term contractual demand. Uranium prices have recently strengthened and reached new highs, and utility companies may return to the contract market, providing support for uranium stocks’ performance in 2026.
Oil price volatility remains a constant, but after a sluggish 2025, a potential rebound in 2026 could bring more cash flow to low-cost oil producers. For instance, Canadian Natural Resources (CNQ) is committed to returning excess free cash flow to shareholders through increased dividends and share buybacks. The company has a solid track record of dividend growth, and its current dividend yield is attractive. Against the backdrop of sustained global oil demand growth, such companies, by boosting production and expanding operations, are poised to deliver returns for investors.
For investors considering portfolio adjustments in 2026, allocating some capital to growth-oriented stocks such as copper and uranium, which align with long-term trends, can help capture demand driven by AI and the energy transition. Simultaneously, incorporating energy stocks with stable dividends can enhance the overall income-generating capacity of the portfolio, catering to diverse yield requirements. This combination aims to balance growth potential with cash flow returns, adapting to the new market phase.
