Navigating Volatility: How Our Portfolios Outperformed Last Week

*Disseminated on behalf of Noram Lithium, Olympia Financial, Atrium Mortgage, Builders Capital, Enterprise Group, Delivra Health, Giga Metals, Southern Silver Exploration, and Churchill Resources.

* All figures are in C$ unless otherwise noted, except for commodity prices, which are in US$.

In this edition, we review the performance of our two portfolios, both of which outperformed their benchmarks last week

• Fair Value Model Picks: Last week, companies on our list were down 0.6% on average vs a 1.5% loss for the S&P 500. View the full list by sector.
• FRC Top Picks: Last week, companies on our list were down 6.6% on average vs an 8.9% loss for the TSXV. Visit the full list by sector.

*Past performance is not indicative of future performance.

Energy stocks continued to deliver relatively strong performance, while Basic Materials lagged, amid rising tensions in the Middle East. Markets rallied after President Trump described recent talks with Iran as productive, and postponed planned military strikes. While this temporarily eased investor fears, uncertainty remains regarding the duration and outcome of the ongoing Middle East conflict. We expect the next few days to be critical, with continued volatility likely. Any positive news could trigger a sharp rebound in beaten-down sectors, particularly Basic Materials.

We also cover material developments from companies under our coverage, including a health and wellness firm launching its first kid-focused product, and resource juniors targeting silver, gold, nickel, copper, and antimony.

Last Week’s Five Most-Read Reports

Report Type	Publication Date	Report Name
Market Intel Weekly	Mar 16, 2026	Defensive Wins Amid Turmoil: Market Insights & Hidden Opportunities
Focus Graphite Inc. - Initiating Coverage	Mar 19, 2026	The Graphite Arbitrage: High-Grade, Low-Cost Supply for Defense & Critical Industries
Althea Copper Corp. - Introductory Note	Mar 18, 2026	A High-Grade Copper Junior Nearing Listing
Millennial Potash Corp. - Update	Mar 20, 2026	Big Catalysts Ahead as Middle East Tensions Tighten Potash Supply
Energy Vault Holdings Inc. - Update	Mar 18, 2026	2025 Beat, Robust Pipeline Growth & AI Energy Expansion