Analysts' Ideas of the Week
Top Picks, Key Financing, Promising Exploration Results
ByFRC Analysts
Disclosure: Articles and research coverage are paid for and commissioned by issuers. See the bottom for other important disclosures, rating, and risk definitions, and specific information.
Highlights
*Disseminated on behalf of Kidoz Inc., Noram Lithium Corp., Fortune Minerals Limited, Lake Resources, Denarius Metals Corp., Doubleview Gold Corp., North Peak Resources, and Pulsar Helium Inc. See the bottom of this report for other important disclosures.
We highlight key updates from our coverage universe, including a significant financing by a polymetallic junior in B.C., and promising results from gold and helium juniors. We also review the performance of our Top Picks, led by Noram Lithium (TSXV: NRM), up 17% WoW. Interestingly, while no resource names made the list last week, they now dominate with four of the top five positions. Over the past six months, our Top Picks have delivered an average return of 68%, significantly outperforming the benchmark’s 43% gain. Visit our website to view the full list of Top Picks by sector. https://www.researchfrc.com/top-picks *Past performance is not indicative of future performance.
Updates on Resource Companies Under Coverage
PR Title: Announces a $10M private placement
Analyst Opinion: Positive – Proceeds will fund exploration across its B.C. projects, particularly the polymetallic Hat project. This project hosts a large, open-pittable polymetallic porphyry deposit, uniquely enriched with scandium and cobalt. An updated resource estimate and Preliminary Economic Assessment (PEA) are expected in the coming months.
PR Title: Drilling underway at the Industry target; Dean Cave sampling yields up to 90.4 g/t gold (QP: David Pym, CGeol., Consulting Geologist of North Peak Resources Ltd.)
Analyst Opinion: Positive – Additional channel sampling in the Dean Cave complex at its Prospect Mountain property (Nevada) continues to return unusually high gold grades, including 0.6 m of 90.4 g/t Au, 660 g/t Ag, 4.69% Pb, and 1.00% Zn, and 0.3 m of 17.3 g/t Au, 178 g/t Ag, 1.99% Pb, and 3.93% Zn. NPR is aggressively testing targets, with drilling ongoing at the Industry target, which previously returned 22.8 g/t Au and 87 g/t Ag from grab samples. Prospect Mountain is a past-producing gold-silver-lead project in Nevada’s Eureka district, adjacent to i-80 Gold’s (TSX: IAU) Ruby Hill project, and just north of McEwen Inc’s (NYSE: MUX) Eureka property.
PR Title: Additional gas analysis results from the Topaz helium project in Minnesota (QP: Brad Cage, VP Engineering of Pulsar Helium Inc.)
Analyst Opinion: Positive – The Jetstream #3 well, located 950 m northeast of Jetstream #1, encountered two gas-bearing intervals with pressurized gas, indicating a highly charged reservoir. We believe this high pressure suggests the reservoir is capable of strong flow rates. These results also confirm the continuity of the helium-rich system on the property. The Topaz project hosts a high-grade helium resource, with an updated resource estimate and a PEA expected in the coming months.
