Olympia Financial Group Inc. (TSX: OLY) reported Q2 2025 results, with a 24% stock rise since May, outperforming the S&P/TSX Financials Index. Client assets dipped 1% QoQ to $12.87B, leading to a 2% revenue miss and an 8% YoY EPS decline.

We are resuming coverage on GEC following a two-year pause. Earlier this month, GEC divested its Sprott Shaw College (SSC) subsidiary for $35M, or $0.52/share. The deal reflects a 517% ROI since acquisition, and a revenue multiple of 0.85x, in line with industry peers.

Romspen US Mortgage Investment Fund, established in 2018 in Toronto, specializes in U.S. commercial and industrial first mortgages. Managed by Romspen Investment Corporation, it targets diverse properties like office, retail, and multi-family, offering construction and pre-development loans. By end-2024, it held $553M in mortgages, with heavy Florida exposure (38%) and $211M in impaired assets (39%), far above sector norms. Despite low loss provisions, yields remain attractive in declining rates, projected at 5.8% for 2025 vs. REITs' 3-4%. Risks include sector competition, real estate downturns, and unguaranteed principal amid economic uncertainties.

Fundamental Research’s report on Millennial Potash Corp. (TSXV: MLP, OTCQB: MLPNF, FSE: X0D) highlights its Banio potash project in Gabon, supported by a US$3M DFC funding commitment for a feasibility study. Strong management, infrastructure progress, and a tight potash market bolster the project’s outlook. Read the full report for details