Canadian Stocks to Watch for 2026: WRLG - PNPN - DOSE - AMY - Also Trading in the U.S. | More Inside

West Red Lake Gold Mines Ltd. (TSXV: WRLG | OTCQX: WRLGF) declared commercial production at its 100%-owned Madsen Gold Mine in Ontario's Red Lake District effective January 1, 2026, marking a key milestone just seven months after completing a bulk sample. In December 2025, the mill averaged 689 tpd (86% of permitted capacity) with 94.6% recoveries, producing 3,215 oz of gold; Q4 2025 output totaled 7,200 oz poured, sold at an average US$4,150/oz for US$30M in revenue. For full-year 2025, Madsen poured 20,000 oz for US$73M in sales and ended the year with C$46M in cash and gold receivables, while Q1 2026 feed is expected to average >6 g/t Au from the high-grade 4447 zone as the company targets sustained permitted capacity by mid-2026.

Power Metallic Corp. (TSXV: PNPN | OTCQB: PNPNF) provides exposure to critical and battery metals tied to EVs, energy storage, and advanced manufacturing. Recent exploration progress has kept the stock active, with platinum group element (PGE) potential cited as a notable upside driver across its project portfolio. Over the last 30 days, shares rebounded from C$0.77 in mid-December to C$1.52 on Friday, Jan. 16, 2026. The company has also filed to uplist on the NYSE, adding a potential visibility catalyst heading into 2026.

Rapid Dose Therapeutics Corp. (CSE: DOSE | OTC: RDTCF) is a Canadian life sciences company focused on proprietary oral drug-delivery technologies designed to improve absorption and patient compliance. The stock is followed for licensing agreements, commercialization initiatives, and strategic partnerships, and has gained ~23% over the last 30 days, reflecting renewed investor interest.

RecycLiCo Battery Materials Inc. (TSXV: AMY | OTCQB: AMYZF) recently announced that construction permits have been approved for its new research and process-development laboratory in Delta, British Columbia. With design completed and early construction preparation underway, the project is now scaling toward substantial completion in early 2026. The new facility is expected to support commercialization readiness and advance RecycLiCo's hydrometallurgical technologies that recover battery-grade lithium, cobalt, nickel, and manganese from mined ore and end-of-life lithium-ion batteries.

Toogood Gold Corp. (TSXV: TGC | OTCQB: TGGCF) delivered final drilling assays from its 100%-owned Toogood Gold Project in Newfoundland, confirming a large, coherent gold system with gold intersected in all 30 drill holes completed to date. Highlights included a 29.31-meter intercept grading 2.20 g/t gold, expanded strike length to ~350 meters, and a doubled down-dip extent to ~240 meters. First-ever drilling at the Melange Contact achieved a 100% gold hit rate, unlocking more than 15 kilometers of district-scale exploration potential heading into 2026.

Also Watch: U.S.-Traded Stocks with Canadian Mining and Other Interests

Brookmount Gold Ltd. (OTC: BMXI) reported continued progress on its North American asset spinoff, transferring three gold properties in Canada and Alaska into a new subsidiary, North American Gold (NAG). Capitalized with 20 million shares-35% earmarked for distribution to BMXI shareholders-the assets carry NI 43-101 compliant resources exceeding US$100 million. Management is targeting U.S. underwriter meetings and a potential mid-2026 listing, positioning the spinoff as a near-term value-unlocking catalyst.

Clifton Mining Company (OTC: CFTN) owns extensive mining claims in Utah's Gold Hill/Clifton Mining District, covering ~14,027 acres across patented and unpatented claims. The company focuses on property management through leasing and joint ventures targeting gold and silver. Shares have doubled over the last 30 days, rising from $0.09 in mid-December 2025 to $0.18 on Friday, Jan. 16, 2026.

Karbon-X Corp. (OTCQX: KARX) Karbon-X Corp. operates a vertically integrated carbon-reduction platform spanning project origination, verification, credit issuance, and trading. The company targets growing demand for verified carbon offsets from individuals and corporations and recently gained broader U.S. visibility through a CEO interview aired on major financial networks, supporting increased awareness. See Entire Interview Now [https://www.theglobeandmail.com/investing/markets/markets-news/GetNews/36460803/karbonx-corp-otcqx-karx-nyse-interviews-to-air-on-bloomberg-fox-business-and-other-us-networks-accelerating-national-visibility/].

Bottom line: From critical minerals and battery recycling to gold exploration and carbon markets, these Canadian-linked names are showing price momentum, operational catalysts, and visibility drivers that investors are watching closely as 2026 approaches.

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