Acquisition Buzz, Big Moves & New Ideas

*Disseminated on behalf of TNR Gold Corp., Equity Metals Corporation, Lodestar Metals, White Cliff Minerals Limited, SECUR3D Holdings, Fairchild Gold, Zepp Health, Monument Mining, Denarius Metals, Giga Metals, DLP Resources, Blade Resources, Blue Lagoon Resources, Kidoz Inc., and Olympia Financial Group.

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

Last week, equity markets posted modest gains, supported by easing U.S. treasury yields amid expectations that the Fed will hold interest rates steady at its upcoming meeting. Energy led sector gains, while gold and silver declined amid a stronger US$. This week, we believe investor focus will be on U.S. inflation data, retail sales, and Q3 corporate earnings for further clues on the Fed’s interest rate outlook, and market direction.

Last week, our Fair Value Model portfolio returned 1.3% vs. 1.1% for the benchmark (NYSE Equal Sector Weight/EQL). Our picks outperformed the benchmark in three of five periods tracked, reinforcing the portfolio’s ability to generate alpha over multiple time periods. Thirteen our 20 picks are currently in positive territory since being added to the portfolio.

Last week, our Top Picks portfolio returned -3.1% vs. -3.3% for the benchmark (TSXV), with 55% of 22 holdings outperforming the benchmark. Our picks have outperformed the benchmark in six of seven periods tracked.

This edition highlights several important developments across our coverage, including TNR Gold Corp.’s acquisition proposal from Altius Minerals, validating our earlier M&A thesis; Equity Metals Corporation’s high-grade silver and gold drilling results that could improve project economics; and Lodestar Metals Corp.’s emergence of a new high-grade gold target in Nevada. We also highlight White Cliff Minerals Limited’s high-grade copper results, and a new discovery, alongside SECUR3D Holdings Inc.’s expanding reach across 27 online marketplaces, as it advances development of its digital intellectual property protection platform. We are also resuming coverage on Blue Lagoon Resources Inc. as it ramps up gold production, and expect to initiate coverage on Blade Resources Inc. shortly, an emerging copper opportunity in Arizona.

Read on for more insights into where we see opportunities across our coverage.

*Past performance is not indicative of future performance.

FRC Stock Pickers University Challenge: Week Two Update

The competition is heating up! Just two weeks into FRC’s inaugural Stock Pickers University Challenge, a new team has taken the lead.

A team from the University of British Columbia (UBC) leads the standings with a 2.63% return since the competition kicked off on October 1, followed by teams from the University of Nevada, Las Vegas, and the University of Calgary. View the live leaderboard to see the latest rankings, and portfolio performance.

Co-sponsored by Cboe Canada, the competition brings together university teams from across the U.S., and Canada, and runs through December 31, 2026. The top-performing team will win US$5,000, and a trip to Las Vegas, while the best video explaining their ideas, and trading decisions, earns an additional US$1,000.

Participants are using FRC’s platform for stock screening and due diligence, leveraging our research, proprietary screening tools, and investment analysis capabilities.

Last Week’s Five Most-Read Reports

Following what others are reading can help you stay ahead of emerging trends, themes, and opportunities.

Last week’s five most-read FRC reports highlighted opportunities across gold, copper, and technology. We noted strong interest in gold-focused companies, spanning both producing and exploration-stage juniors.