Wheaton’s 65% Trading Volume Surge to 312th as Northisle Financing Fuels Strategic Expansion

On August 8, 2025, Wheaton Precious Metals (WPM) rose 0.90% with a trading volume of $0.31 billion, marking a 65.18% surge from the previous day and ranking 312th in market activity. The stock’s performance coincided with Northisle Copper and Gold’s $39.5 million financing round, which included a $5 million non-brokered offering led by Wheaton. The deal aims to accelerate Northisle’s North Island Project development and exploration efforts.

Under the agreement, Wheaton secured a right of first refusal for precious metal streams or royalties on select claims from the North Island Project. This strategic move strengthens Wheaton’s position in the region, aligning with its focus on long-term resource expansion. Northisle highlighted the transaction as a milestone in advancing its copper and gold porphyry deposit, with proceeds allocated for exploration and prefeasibility studies.

The financing round also featured a $34.5 million brokered offering, managed by Paradigm Capital and other agents. While the transaction is subject to regulatory compliance, the involvement of institutional investors like Wheaton underscores confidence in the project’s potential. Northisle emphasized the importance of liquidity and stakeholder alignment in scaling operations, with a director’s participation in the offering noted as a related-party transaction.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.