Weekly Highlights: Top Performers and Key Updates from Resource Companies
Published: 10/21/2024
Author: FRC Analysts
Key Highlight
- Key updates and insights on companies under coverage
- Top picks and standout performers from the past week
Commentary on Resource Companies Under Coverage
Silver Dollar Resources Inc. (SLVDF, SLV.CN)
PR Title: Announces a $1.5M financing with continued support from Eric Sprott
Analyst Opinion: Positive – Shares are up 30% since our previous report in August 2024. The company is preparing for an initial drill program at the recently acquired Ranger-Page project in Idaho. The project hosts six historic mines, which have produced over 1.1 Blbs of zinc and lead, and 14.6 Moz of silver.
Grid Metals Corp. (GRDM.V, MSMGF)
PR Title: Initiates a maiden drill program at the MM copper-nickel project (Manitoba)
Analyst Opinion: Positive – GDRM has secured an exploration permit for its advanced-stage MM project, enabling it to conduct a maiden drill program, and geophysical surveys along the 4 km long Eagle Gabbro trend. The property hosts two open-pittable nickel-copper-PGM deposits, with indicated resources totaling 263 Mlbs nickel, 317 Mlbs copper, and 450+ Koz of precious metals.
Skyharbour Resources Ltd. (SYH.V, SYHBF)
PR Title: Partner Terra Clean Energy (TSXV: TCEC) announces a drill program at its South Falcon East uranium project, Athabasca basin, Saskatchewan
Analyst Opinion: Positive – The project hosts historic inferred resources totaling 7 Mlbs at 0.03% U3O8, and 5.3 Mlbs at 0.023% ThO2.The proposed infill and step-out drill program aims to potentially expand the known deposit, and test new targets.
FRC Top Picks
The following table shows last week’s top five performers among our Top Picks. The top performer, Hemostemix Inc., was up 50%. As mentioned last week, HEM is pursuing a $4M equity financing. HEM has retained a contractor to manufacture its flagship product (ACP-01), targeting patients in critical need on a compassionate basis. HEM's initial target markets are patients with critical limb ischemia (CLI), and ischemic heart disease.
| Top Five Weekly Performers | WoW Returns |
| Hemostemix Inc. (HEM.V) | 50.0% |
| Golden Minerals Company (AUMN.TO) | 34.3% |
| Lake Resources NL (LKE.AX) | 23.1% |
| Millennial Potash Corp. (MLP.V) | 16.7% |
| Sabre Gold Mines Corp. (SGLD.TO) | 10.0% |
| * Past performance is not indicative of future performance (as of October 18, 2024) |
Source: FRC
Our top picks have outperformed the benchmark (TSXV) in all seven time periods listed below.
Performance by Sector
| Total Return | 1 Week | 1 mo | 3 mo | 6 mo | 1 yr | 3 yr | Since launch |
| Mining | 3.4% | 17.5% | 4.7% | 7.0% | 15.0% | -33.0% | 1.8% |
| Cannabis | N/A | N/A | N/A | N/A | N/A | -37.7% | -23.6% |
| Tech | -20.0% | -4.0% | -22.6% | -51.0% | -40.0% | -35.7% | -4.8% |
| Special Situations (MIC) | 8.8% | 5.3% | 43.6% | 42.2% | 70.5% | -25.7% | 11.8% |
| Private Companies | N/A | N/A | N/A | N/A | 6.7% | 20.5% | 30.5% |
| Portfolio (Total) | 3.4% | 14.1% | 11.4% | 9.7% | 20.5% | -18.0% | 10.7% |
| Benchmark (Total) | 2.8% | 5.6% | 7.1% | 9.8% | 19.7% | -34.6% | -29.8% |
| Portfolio (Annualized) | - | - | - | - | 20.5% | -6.4% | 0.9% |
| Benchmark (Annualized) | - | - | - | - | 19.7% | -13.2% | -3.2% |
| 1. Since the earliest initiating date of companies in the list of Top Picks (as of October 18, 2024) | |||||||
| 2. Green (blue) indicates FRC's picks outperformed (underperformed) the benchmark. | |||||||
| 3. Past performance is not indicative of future performance. | |||||||
Our complete list of top picks (updated weekly) can be viewed here.
