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| By Chris Graebe |
The 2026 IPO market is shifting.
Resource and mining stocks have become market darlings.
That trend doesn’t look likely to change anytime soon.
Gold and silver, while temporarily paused, are still in a long-term uptrend.
Meanwhile, as my colleague Sean Brodrick said in our weekly analysts’ call yesterday, “Wall Street still isn’t bullish enough on oil and gas.”
And as he hinted to you yesterday, energy is still pretty cheap.
Why? Because oil and gas companies have underinvested in future production in the past few years.
The current energy shock has already shown the error of that.
And other commodities, like uranium and copper, will continue to climb as part of the “AI buildout” trend.
Sean covered this broad commodity bull market at length, too. And he says this is also a longer-term trend that’s still prime to play.
In a boom like this, investors can buy the industry giants and fare well.
Whether that’s whoever owns your favorite gas station, like Chevron (CVX) or Murphy USA (MUSA) … or companies like Southern Copper (SCCO) that there’s no guessing what their line of business is …
There are plenty of profit-packed opportunities that you can learn about on the Weiss Ratings website.
Or you can do what I do.
That is, look for smaller players with more growth potential that can see even higher returns.
The best bang for your buck? Pre-IPO companies.
These companies tend to offer investors a great valuation.
Usually with substantial upside as they make the shift toward going public.
While the best-known pre-IPO companies today are tech companies like SpaceX, there are a few mining plays that could prove interesting for today’s investors.
Today, let’s look at one of the more unique ones we’ve seen in a while — a play on a critical commodity that can’t get any respect.
An Overlooked Energy Opportunity
When it comes to mining and related stocks, there are ample opportunities in precious metals, rare earths and energy.
Eagle Nuclear Energy (NUCL), for example, is sitting on a giant deposit of domestic uranium.
But one overlooked sector?
Coal.
The hydrocarbon is regarded as too dirty to use as power. And the past decade has seen many coal plants switch over to cleaner-burning natural gas.
In the United States, coal power can come online during periods of high nat-gas prices and during periods of exceptionally cold weather.
The first half of 2025 saw a 13% increase in demand thanks to those conditions.
While nat-gas in the U.S. is less affected by the closing of the Strait of Hormuz than the rest of the world, it could still see the current supply move toward exports and away from domestic consumption.
So, coal could be used to replace some of that supply.
Plus, global coal demand remains strong.
China’s coal use rose by 6% in 2025. And India is right there with it:
Now, America has no problem supplying this demand. Production is actually on track to increase in 2025 — once last year’s final numbers are in — which is set to reverse years of decline.
In short, investors who bet against coal did well for many years.
But conditions are more favorable for coal investors amid the backdrop of rising energy demand and a commodity boom.
A Pre-IPO Miner with Big Upside Today
That brings us to Frontieras (Pending: FASF).
This pre-IPO company is raising capital now. And it has already reserved the ticker symbol FASF on the Nasdaq exchange for an eventual listing.
Frontieras is building its first facility in West Virginia, which could help revitalize the state’s declining energy industry.
It’s also working on facilities in Wyoming, Texas and Canada.
Frontieras has a kicker that makes it attractive as a pre-IPO opportunity beyond coal prices …
The power to use that coal for the energy needs of the 21st century.
The Growth Kicker in Coal Today
Historically, coal has been the proverbial lump in the stocking at Christmas.
A dirty-burning hydrocarbon that’s even uncomfortable to touch.
However, the technology now exists to turn coal into other forms of hydrocarbons.
That includes diesel fuel, jet fuel, hydrogen and fertilizer …
All are also affected by the shipping shutdown in the Middle East.
Much like how oil’s value is in refined gasoline and plastics, coal now has the opportunity to move up the value-add scale.
And Frontieras is at the forefront of that change.
The company is raising capital in a pre-IPO round at $7.77 per share, with a minimum investment of $1,056.72.
Though that’s not where I’d look for a pre-IPO commodity bull market play.
I have a “mining” play with a different technological advantage that makes it a real growth story — even after it goes public.
It is a company looking for early-stage funding that can “mine” metals — gold, silver, copper, etc. — but not from a traditional mine.
Click here to learn more.
Happy hunting!
Chris Graebe
P.S. Unfortunately, this opportunity won’t last … even until tomorrow.
You see, we have to take down this video, where I share all the details, at 12 midnight tonight.
So, I urge you to watch it while you can!
