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Home🔹Market Intel Weekly🔹AI’s Big Test, Precious Metals Sell-Off & New Opportunities Emerge
Market Intel Weekly

AI’s Big Test, Precious Metals Sell-Off & New Opportunities Emerge

ByFRC AnalystsOctober 26, 2026
AI’s Big Test, Precious Metals Sell-Off & New Opportunities Emerge

*Disseminated on behalf of Equity Metals Corporation, Zepp Health Corporation, Nine Mile Metals, New Age Metals, Denarius Metals, Millennial Potash, White Cliff Minerals, Graphite One, Klondike Gold, F3 Uranium, Nine Mile Metals, Flagship Minerals, Noram Lithium, Kidoz Inc., Giga Metals Corporation, Atrium Mortgage Investment Corporation, and DLP Resources.

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

Everyone deserves a fair shot at investing. Join the FRC community to connect with fellow investors, share ideas, and discover new opportunities.

Last week, equity markets were broadly flat, while sharp declines in gold and silver weighed on mining stocks, and defensive sectors outperformed. This week, AI remains in focus as Alphabet, Microsoft, and Amazon report earnings, while the Fed and Bank of Canada rate decisions, U.S. Q3 GDP growth, and inflation data will shape market expectations for interest rates, and economic growth.

Last week, our Fair Value Model portfolio returned -1.0% vs. 0.2% for the benchmark (NYSE Equal Sector Weight/EQL). Despite outperforming in seven of 10 sectors, steep declines in basic materials and communication services weighed on weekly returns, while our portfolio continued to outperform the benchmark over the three and six-month periods.

Last week, our Top Picks portfolio returned -3.8% vs. -2.3% for the benchmark (TSXV). However, our picks outperformed the benchmark in five of the seven periods shown below, highlighting the consistency of our stock selection over the long term.

*Past performance is not indicative of future performance.

This edition highlights key developments across our coverage, including promising exploration results, project advancements, and new growth opportunities.

Chart from this week's Market Intel Weekly

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

FRC Stock Pickers University Challenge: Week Four Update

Four weeks into FRC’s inaugural Stock Pickers University Challenge, the same team continues to lead the competition for a second consecutive week. A team from Mount Royal University holds first place, with an 8.03% return since the competition launched on October 1. Two teams from the University of Nevada, Las Vegas, round out the top three. 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 most-read FRC reports highlighted opportunities across critical minerals, copper, gold, and digital health. Readers showed strong interest in Equity Metals’ resource growth and market mispricing, New Age Metals’ critical minerals exposure, and Zepp Health’s position in the wearable technology market.

Report Type Publication Date Report Name
Equity Metals Corporation Oct 14, 2026 Resource Growth & Market Mispricing
Market Intel Weekly Oct 19, 2026 Billionaire Backs Copper Play & Other Emerging Opportunities
Zepp Health Corporation Oct 6, 2026 Premiumization Gains Traction as Global Smartwatch Shipments Contract
New Age Metals Inc. Oct 23, 2026 Building Critical Minerals Exposure as the West Reshapes Global Supply Chains
Nine Mile Metals Ltd. Oct 14, 2026 Shares Surge as Drilling Reveals Bigger Potential

Updates on Resource Companies Under Coverage

Mining – Precious Metals – Gold, Silver, Platinum, Palladium

Free — no credit card

This week's Market Intel Weekly covers 8 companies across Basic Materials and Energy.

Create a free FRC account to keep reading — and follow the companies you care about so you don’t miss next week’s edition.

Companies covered this week
Denarius Metals Corp. (DMET.NE)Basic Materials · Other Precious Metals
Klondike Gold Corp. (KG.V)Basic Materials · Other Precious Metals
Flagship Minerals Limited (FLG.AX)Basic Materials · Other Precious Metals
Millennial Potash Corp. (MLP.V)Basic Materials · Industrial Materials
Graphite One Inc. (GPH.V)Basic Materials · Industrial Materials
White Cliff Minerals Limited (WCN.AX)Basic Materials · Gold
F3 Uranium Corp (FUU.V)Energy · Uranium
Nine Mile Metals Ltd. (NINE.CN)Basic Materials · Other Precious Metals
Read this week's full analyst commentary — positive and negative takes on each company
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See the full Market Intel Weekly archive
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