Fresh Picks, AI Jitters & Where the Smart Money Is Moving

*Disseminated on behalf of Arizona Gold & Silver, Cango Inc., Nine Mile Metals, Fairchild Gold, Graphite One, Tartisan Nickel, Star Copper Corp., Evolution PowerX, Brookside Energy, Rocket Doctor AI, Delivra Health, Trident Resources, Builders Capital Mortgage, Atrium Mortgage Investment Corporation, and Olympia Financial Group.

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

Equity markets declined last week amid concerns over technology valuations, and AI spending, while defensive sectors led gains, and mining-related commodities weakened. This week, we believe investors will focus on U.S. midterm elections, key economic data (including manufacturing activity and employment figures), and major technology earnings for signals on economic growth, and the outlook for AI investment.

Last week, our Top Picks portfolio returned -3.8% vs. -1.8% for the benchmark (TSXV). While underperforming over shorter periods (six months and less), our picks have outperformed over longer horizons (one year and beyond), demonstrating the strength of our stock selection methodology over the long term.

Last week, our Fair Value Model portfolio returned 0.2% vs. 0.3% for the benchmark (NYSE Equal Sector Weight/EQL). Despite outperforming in five sectors, declines in communication services, energy, and technology weighed on returns.

*Past performance is not indicative of future performance.

FRC Stock Pickers University Challenge: Week Five Update

Five weeks into FRC’s inaugural Stock Pickers University Challenge, teams are competing for top honours, with a team from Mount Royal University maintaining its lead for the third consecutive week. View the live leaderboard to see the latest rankings, and portfolio performance.

Watch the leading team's video, where participants explain their investment strategies and stock picks.

Latest Research Reports

Arizona Gold & Silver Inc. – The Hidden Value the Market Has Yet to Discover: AZS's Philadelphia project hosts a potentially large-scale, multi-million-ounce gold-silver system, with only 2% of the property explored. Evolution Mining's $12M strategic investment, and our estimated 85% discount to peers, highlight the potential opportunity. AZS has also been added to our list of Top Picks.

Cango Inc. (NYSE: CANG) – A Bitcoin Mining Leader with an AI Growth Catalyst: A top-10 publicly traded Bitcoin miner, Cango is diversifying into AI computing, with initial AI revenue already commencing. We believe its established mining infrastructure, and early-stage AI opportunity, offer significant upside potential.

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 gold, silver, copper, and critical minerals. Readers showed strong interest in Arizona Gold & Silver’s undiscovered value, Nine Mile Metals’ expanding drilling potential, and Fairchild Gold’s multi-metal exposure at a discount. The latest Market Intel Weekly also drew attention for its coverage of the precious metals sell-off, and emerging opportunities.

This edition highlights key developments across our coverage, including exploration progress, important project milestones, operational updates, and emerging growth opportunities.

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