Top Picks and Fair Value Model Picks Gain as Geopolitical Tensions Boost Energy and Materials

*Disseminated on behalf of Denarius Metals, Trident Resources, Kidoz Inc., Panoro Minerals, DLP Resources, Rocket Doctor AI, Olympia Financial Group, Churchill Resources, Cupani Metals, iMetal Resources, Noram Lithium, Millennial Potash, Sonoro Gold, Monument Mining, and Doubleview Gold.

In this edition, we review the performance of our two portfolios – FRC Top Picks and Fair Value Model Picks. 

• Fair Value Model Picks: Last week, our picks gained 2.1% on average, outperforming the S&P 500, which rose 0.6%. Since the portfolio’s launch on February 9, 2026, our picks are up 1.3%, compared with a 1.2% decline for the benchmark. View the full list by sector. 
• Top Picks: Last week, our picks gained 3.8% vs 5.5% for the TSXV, and over the past month, they rose 8.3% vs 7.6%, beating the benchmark in four of seven tracked periods. Visit our website to view our full list of Top Picks by sector.

Energy and Basic Materials outperformed most sectors, reflecting rising geopolitical tensions in the Middle East. Higher oil prices, safe-haven demand for gold and other commodities, and persistent inflation fears have supported these sectors. We expect them to continue outperforming as tensions in the region are likely to persist for several weeks.

We also cover Q4-2025 results from a gold miner, an adtech company, and a financial services firm, all beating our estimates. Other key developments include significant resource growth, robust economic studies, and promising exploration results across gold, silver, copper, potash, and critical minerals.

*Past performance is not indicative of future performance.