
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.
*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. *Past performance is not indicative of future performance.
Updates on Resource Companies Under Coverage
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.)
PR Title: Additional gas analysis results from the Topaz helium project in Minnesota (QP: Brad Cage, VP Engineering of Pulsar Helium Inc.)
FRC Top Picks
The table below highlights last week’s top five performers from our Top Picks. The best performer was Noram Lithium Corp. (TSXV: NRM), which rose 17%. NRM owns an advanced stage lithium project in Nevada. After a two-year downturn, lithium prices are rebounding, rising 28% over the past four months to US$11,050/t, though still 87% below their late-2022 peak. We believe current prices are still below the break-even point for most new large-scale lithium projects, and a sustained price of at least US$15,000/t is needed to incentivize development.
* Past performance is not indicative of future performance (as of Nov 3, 2025)
Our top picks have outperformed the benchmark (TSXV) in six out of seven time periods listed below.

Performance by Sector
1. Since the earliest initiating date of companies in the list of Top Picks (as of Nov 3, 2025)
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.
*Disclaimers - Annual fees ranging from $15,000 to $35,000 have been paid to FRC by Kidoz Inc., Noram Lithium Corp., Fortune Minerals Limited, Lake Resources, Denarius Metals Corp., Doubleview Gold Corp., North Peak Resources, and Pulsar Helium Inc for research coverage and distribution of reports. FRC or companies with related management, and Analysts, do not hold shares/securities in the companies mentioned in this report.



