New Pick Added / Position for Higher Rates as Oil Fuels Inflation

*Disseminated on behalf of Evolution PowerX, Rocket Doctor AI, Chilean Cobalt, TNR Gold, Denarius Metals, Tartisan Nickel, New Age Metals, Eskay Mining, Olympia Financial, DLP Resources, Giga Metals Corporation, and South Star Battery Metals.

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

Oil prices rose sharply last week on growing concerns over Middle East supply disruptions, fueling inflation fears and reducing expectations for monetary easing. This pushed yields and the US$ higher, weighing on gold, silver, and copper prices. This week, investor focus will be on the Fed’s policy decision, with consensus pointing to a 25-bps rate hike.

Last week, our Top Picks portfolio returned -3.0% vs. -4.8% for the benchmark (TSXV), with 14 of 22 holdings outperforming the benchmark. Our picks have outperformed the benchmark across all seven periods tracked, demonstrating consistent short and long-term performance.

Last week, our Fair Value Model portfolio returned -1.9% vs. -1.3% for the benchmark (NYSE Equal Sector Weight/EQL). Despite the weekly underperformance, our picks outperformed in four of five periods tracked, highlighting stronger longer-term performance. We introduce a new holding this week, so read on to see our latest pick.

This edition highlights the continued de-risking of TNR Gold’s royalty portfolio, an updated resource estimate on Denarius Metals’ Toral project in Spain, and significant development potential for Tartisan Nickel’s Kenbridge nickel-copper-cobalt project. We also highlight upcoming exploration catalysts at Eskay Mining, and New Age Metals raising $1M to advance metallurgical tests at its platinum group metals project. In our technology coverage, we highlight strong U.S. operating momentum at Rocket Doctor AI, with patient visits reaching 93% of Q2 levels during the first two months of Q3.

*Past performance is not indicative of future performance.

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