US Launches $12 Billion Critical Minerals Stockpile Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
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Should l Buy WPM?
Source: PRnewswire
- Critical Minerals Initiative: In February 2026, the U.S. launched a $12 billion critical minerals stockpile initiative aimed at securing domestic supplies of tungsten and copper through a public-private partnership, which is expected to benefit companies like GoldHaven Resources amid rising geopolitical tensions.
- Financing for Projects: GoldHaven Resources announced a $2 million critical mineral financing to issue 7,547,170 flow-through shares, with proceeds directed towards 3D geological modeling and drill planning for its Magno Polymetallic Project, facilitating advancements in drilling activities through 2026.
- Exploration Success: In 2025, GoldHaven's exploration yielded significant results, including silver grades up to 2,370 grams per tonne and tungsten values reaching 6,550 ppm, indicating substantial mineral potential and reinforcing its competitive position in the market.
- Regional Resource Control: GoldHaven now controls 133,186 hectares across British Columbia and Brazil, with the Magno property located just three kilometers from the historic Cassiar mining camp, providing infrastructure advantages that will support future resource development and market expansion.
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Analyst Views on WPM
Wall Street analysts forecast WPM stock price to fall
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 143.800
Low
118.00
Averages
137.91
High
160.00
Current: 143.800
Low
118.00
Averages
137.91
High
160.00
About WPM
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. The Company has approximately 35 streaming agreements. Its segments include Gold, Silver, Palladium, Platinum and Cobalt. Its gold segment includes Salobo, Sudbury, Constancia, San Dimas, Stillwater, Blackwater, Platreef and others. Its Silver segment includes Penasquito, Antamina, Constancia, Blackwater and others. Its Palladium segment includes Stillwater and Platreef. Its Platinum segment includes Marathon and Platreef. Its Cobalt segment includes Voisey's Bay. The Company has also entered into a definitive agreement to acquire the Spring Valley Project located in Nevada, United States of America.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

- Record Revenue Growth: Wheaton Precious Metals reported Q1 2026 revenue of $901.5 million, up 91.6% year-on-year, driven by a $4.3 billion silver stream deal with BHP, marking the largest transaction in the company's history and showcasing its robust performance in the precious metals market.
- Strong Profitability: Royal Gold achieved record revenue of $469.1 million in the same quarter, a 142.5% increase, with an 83% adjusted EBITDA margin reflecting the successful integration of its 2025 acquisitions of Sandstorm Gold and Horizon Copper, further solidifying its position in the mid-tier royalty space.
- Diversified Asset Portfolio: Franco-Nevada's 2026 Asset Handbook reveals 121 cash-flow producing assets generating $1.66 billion of adjusted EBITDA in 2025, with no debt and a 19-year streak of dividend increases, illustrating its stability and attractiveness in the precious metals sector.
- Project Potential Unveiled: Greenland Mines' recent sensitivity analysis on the Skaergaard project indicates a 45% and 55% uplift in palladium-equivalent grades for indicated and inferred resources, respectively, highlighting the project's potential value in a rising metal price environment and attracting increased investor interest.
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- Quarterly Dividend Announcement: Wheaton Precious Metals declares a quarterly dividend of $0.195 per share, maintaining the previous level, which indicates the company's stable cash flow and shareholder return strategy.
- Dividend Yield: The forward yield of this dividend is 0.59%, reflecting the company's attractiveness in the current market environment, although peers offer higher returns.
- Shareholder Record Date: The dividend will be payable on June 9, with a record date of May 27 and an ex-dividend date also on May 27, ensuring existing shareholders benefit from this payout.
- Market Competition Analysis: Despite Wheaton's stable dividend, market analysis suggests that its peers provide higher returns, which may influence investor choices, necessitating attention to future dividend growth potential.
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- Quarterly Dividend Announcement: Wheaton Precious Metals has declared a quarterly dividend of $0.195 per share, maintaining consistency with previous distributions, which demonstrates the company's ongoing ability to generate stable cash flow despite market volatility.
- Dividend Yield: The forward yield of 0.59% reflects the attractiveness for investors seeking stable returns, although it appears slightly less competitive compared to peers in the industry, potentially impacting investor sentiment.
- Payment Schedule: The dividend is set to be paid on June 9, with a record date of May 27 and an ex-dividend date also on May 27, providing investors with a clear timeline for their investment decisions.
- Market Competition Analysis: While Wheaton Precious Metals offers a stable dividend, market analysts indicate that its peers provide more attractive dividend returns, which may influence investor choices and prompt the company to consider increasing dividends in the future to enhance competitiveness.
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- Earnings Beat: Wheaton Precious Metals reported a Q1 non-GAAP EPS of $1.69, exceeding expectations by $0.47, indicating strong performance in the metals market and likely boosting investor confidence.
- Revenue Surge: The company achieved Q1 revenue of $901.47 million, a 91.6% year-over-year increase, surpassing market expectations by $36.77 million, reflecting robust demand and effective operational strategies in the precious metals sector.
- Stable Production Forecast: Estimated attributable production for 2026 is projected at 400,000 to 430,000 ounces of gold, 27 to 29 million ounces of silver, and 19,000 to 21,000 GEOs of other metals, resulting in annual production of approximately 860,000 to 940,000 GEOs, consistent with previous guidance, showcasing production stability.
- Long-Term Growth Potential: Annual production is expected to increase by approximately 50% to 1,200,000 GEOs by 2030, with average annual production forecast to remain at 1,200,000 GEOs from 2031 to 2035, indicating the company's sustained benefits from growing metal demand in the coming years.
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- Price Range Analysis: GDX ETF's 52-week low is $45.10 per share and high is $117.175, with the latest trade at $86.74, indicating relative stability within its trading range, which may attract investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buying opportunities, thereby optimizing investment decisions.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, reflecting market liquidity and investor sentiment changes.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs highlights significant inflows (new units created) or outflows (old units destroyed), which impacts the underlying holdings of the ETF and subsequently affects the market performance of related assets.
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- Investment Strategy Differences: iShares Silver Trust (SLV) directly tracks physical silver prices, while Sprott Gold Miners ETF (SGDM) invests in a focused basket of gold mining stocks, both with an expense ratio of 0.50%.
- Performance Comparison: As of April 22, 2026, SLV's one-year return stands at 138.5%, significantly outperforming SGDM's 83.2%, indicating strong performance in silver that may attract high-return-seeking investors.
- Risk and Volatility: SLV's maximum drawdown over five years is -42.45%, compared to SGDM's -45.05%, with SGDM exhibiting a higher beta of 0.79, suggesting greater price volatility, which investors should consider based on their risk tolerance.
- Asset Composition Characteristics: SGDM holds 39 companies primarily focused on gold mining in the U.S. and Canada, with top positions comprising over a quarter of the fund, while SLV is entirely tied to silver prices, mitigating company-specific risks and appealing to investors seeking stability.
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