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Research Reports / Archive

Research Report ArchivePage 1 of 8

Every research report FRC has published since 2003 — initiating coverage, updates and valuation notes on small- and mid-cap companies. Recent reports are on the Research Reports page.

  • Market Overreaction / Anticipating Imminent Commercial Production — Golden Minerals Company (2024)
  • Gross Profit in The First Quarter of Production — Golden Minerals Company (2024)
  • Economics Studies Confirm Viability of Two Near-Term Mines — Denarius Metals Corp. (2024)
  • Upgrades & Expands One of the Largest Undeveloped Copper-Gold Deposits — Panoro Minerals Ltd. (2024)
  • Expands and Upgrades a Large Potash Resource in Africa — Emmerson Plc (2024)
  • Doubles High-Grade Nickel Resources/Anticipating a Feasibility Study in Q3 — Power Metallic Mines Inc. (2024)
  • Consistently Generating Above-Average Yields — Ginkgo Mortgage Investment Corporation (2024)
  • Increasing Portfolio Size While Boosting Yields — CMI MIC Funds (2024)
  • Doubles Revenue in Q1/Gearing Up for U.S. Product Launch — Delivra Health Brands Inc. (2023)
  • Reaches Milestone of 1 Moz Gold Equivalent Resource — Kovitz Core Equity ETF (2023)
  • Advancing Two Mines to Production in 2024 — Denarius Metals Corp. (2023)
  • Advancing Two Mines to Production in 2024 — Denarius Metals Corp. (2023)
  • Advancing Two Mines to Production in 2024 (2023)
  • Boosting Yields (2023) — AWM Diversified MIC (2023)
  • Pleasantly Surprised by Q3 Results — Builders Capital Mortgage Corp. (2023)
  • Canada’s Premier Administrator of Registered Plans for Alternative Investments – Initiating Coverage — Olympia Financial Group Inc. (2023)
  • Fully Funded to Triple Production — Steppe Gold Ltd. (2023)
  • A Leading Smartwatch Maker Trading Below Liquid Assets - Initiating Coverage — Zepp Health Corporation (2023)
  • The Highest-Yielding Publicly Traded MIC BUY Current Price: C$10.29 Fair Value: C$13.34 Risk: 3 Sector / Industry: Mortgage Investment Corporations — Atrium Mortgage Investment Corporation (2023)
  • The Highest-Yielding Publicly Traded MIC — Atrium Mortgage Investment Corporation (2023)
  • Agent count continues to grow rapidly; Raising valuation — eXp World Holdings, Inc. (2023)
  • Anticipating Positive Market Response to An Upcoming Announcement — Golden Minerals Company (2023)
  • A Narrow Window to Lock in an 11%+ Yield — Timbercreek Financial Corp. (2023)
  • Shatters Records in Q3 / Anticipating a Strong Finish to the Year — Enterprise Group, Inc. (2023)
  • A Compelling Sector to Consider When Interest Rates Decline — Three Point Capital (2023)
  • Advancing a Polymetallic Project With a Mid-Tier Miner — Avrupa Minerals Ltd. (2023)
  • Collaborating With Rio Tinto/Advancing Financing Initiatives — Fortune Minerals Limited (2023)
  • A Leading U.S. Cannabis Beverage Brand Expanding its Footprint – Introductory Note (2023)
  • A Leading U.S. Cannabis Beverage Brand Expanding its Footprint – Introductory Note — Nevis Brands Inc. (2023)
  • EBITDA Turns Positive/Gearing Up for U.S. Product Launch — Delivra Health Brands Inc. (2023)
  • An Emerging Gold/Graphite Junior Near Established Majors and Juniors - Initiating Coverage — iMetal Resources Inc. (2023)
  • EBITDA Improves Amid Product Launches and Aggressive Cost Cutting – FINAL REPORT — Elixinol Wellness Limited (2023)
  • Confirms Viability as a Potential Long-Term Supplier for Lithium-ion Batteries — Giga Metals Corporation (2023)
  • A Conservative Alternative Lender with a Long Track Record – Initiating Coverage — Fisgard Capital Corporation (2023)
  • Anticipating a Surge in Demand for High-Yielding Funds — Antrim Investments Ltd. (2023)
  • Evolving into a Compelling M&A Prospect — BioELife Corp. (2023)
  • Gaining Momentum / Evaluating HPC-AI Applications for Diversification – FINAL REPORT — Sato Holdings Corporation (2023)
  • A Relatively Low-Risk B.C. Focused MIC – Initiating Coverage — Metropointe MIC (2023)
  • A Health & Wellness Company Endorsed by Major Retail/Pharmacy Chains – Initiating Coverage — Delivra Health Brands Inc. (2023)
  • Royalties in Major Lithium and Copper Projects – Initiating Coverage — TNR Gold Corp. (2023)
  • Outperforms Larger Exchanges — Big Tree Group, Inc. (2023)
  • Advancing Exploration Funded by a Lithium Major — New Age Metals Inc. (2023)
  • Anticipating a Series of Catalysts – Resuming Coverage (2023)
  • Anticipating a Series of Catalysts – Resuming Coverage — Denarius Metals Corp. (2023)
  • Anticipating a Series of Catalysts – Resuming Coverage (2023)
  • Evaluating a Promising Copper-Cobalt-Gold Target Next to Large Projects — Golden Arrow Resources Corporation (2023)
  • Metaverse Acquisition / Anticipating Sector Consolidation — Big Tree Group, Inc. (2023)
  • Q2 Below Expectations / Leveraging Carbon Credits for Added Revenue — Verde AgriTech Ltd (2023)
  • Gaining Traction Through a Low-Fee Non-Custodial Platform — Bitcoin Well Inc. (2023)
  • Outpacing Digital Ad Titans — Kidoz Inc. (2023)
  • Raising Our EPS Forecasts in Anticipation of a Lending Surge — Builders Capital Mortgage Corp. (2023)
  • First Quarter of Positive Operating Cashflows — iSignthis Ltd. (2023)
  • Surging Revenue and Improving EPS Go Unnoticed — Siyata Mobile Inc. (2023)
  • Founder’s Previous Deal Was Acquired by Agnico Eagle – Initiating Coverage — North Peak Resources Ltd. (2023)
  • Poised to Triple Production Amid Upbeat Outlook for Gold — Steppe Gold Ltd. (2023)
  • Q2 on Target: Positive Outlook Amid High Oil Prices and Sector Consolidation — Cleantek Industries Inc. (2023)
  • Thriving Amidst High Lending Rates and Robust Rental Demand — Timbercreek Financial Corp. (2023)
  • Yield Surpasses 10% for the First Time — Atrium Mortgage Investment Corporation (2023)
  • Delineating a High-Grade Lithium Resource in an Area Ripe for Consolidation – Initiating Coverage — Surge Battery Metals Inc. (2023)
  • Slashes User Acquisition Costs Using a New Marketing Formula — Sekur Private Data Ltd. (2023)
  • Expands Portfolio Through Accretive Investments — Electric Royalties Ltd. (2023)
  • Riding the Wave of a Strong Rental Market — Global Education Communities Corp. (2023)
  • Drilling Near Projects Held by Barrick, Newmont, and Coeur — N.V. Gold Corporation (2023)
  • Drill Results Indicate Potential for Doubling Resources — Power Metallic Mines Inc. (2023)
  • Surging Yields Driven by Rising Rates & Demand for Alternative Lending — Truvera Trust Corporation (2023)
  • Attracts Wheaton Precious with a Robust PFS – FINAL REPORT — Lumina Gold Corp. (2023)
  • Anticipating Drill Results from a Property Optioned from Rio Tinto — Skyharbour Resources Ltd. (2023)
  • A Licensed Crypto Platform with a Unique Differentiator - Resuming Coverage — Big Tree Group, Inc. (2023)
  • Poised for Resource Expansion and M&A — BioELife Corp. (2023)
  • Aiming to Commence IND Trials This Year — Ocean Biomedical, Inc. (2023)
  • Anticipating a Promising PFS — Lomiko Metals Inc. (2023)
  • Attracts Debt Financing From ING & Macquarie — Contango Ore, Inc. (2023)
  • Navigating Sector Headwinds While Exploring Carbon Capture & Storage — Verde AgriTech Ltd (2023)
  • Robust Resource Estimate Enhances Economic Prospects — Noram Lithium Corp. (2023)
  • Advancing One of the Largest Undeveloped Iron Ore Projects in North America – Initiating Coverage — MetalQuest Mining Inc. (2023)
  • Commercializing a Low-Cost Technology For Producing High-Purity Graphene – Initiating Coverage — HydroGraph Clean Power Inc. (2023)
  • Expecting Bank Stocks to Rally Next Week — TD.TO (2023)
  • Expecting Bank Stocks to Rally Next Week — CM.TO (2023)
  • Expecting Bank Stocks to Rally Next Week — BNS (2023)
  • Expecting Bank Stocks to Rally Next Week — BNS (2023)
  • Expecting Bank Stocks to Rally Next Week — Bank of Montreal (2023)
  • Another Record-Breaking Quarter — Builders Capital Mortgage Corp. (2023)
  • Predicting a Recovery in Ad Spending in H2-2023 — Kidoz Inc. (2023)
  • Enhancing Product Portfolio While Lowering Customer Acquisition Costs — Sekur Private Data Ltd. (2023)
  • Enhancing Product Portfolio While Lowering Customer Acquisition Costs — SKUR.CN (2023)
  • Bullish Year Ahead Amid Higher Oil & Gas CAPEX Spending — Cleantek Industries Inc. (2023)
  • Expecting Record Revenue Despite Potential Weakness in Global Ad Spending — Kidoz Inc. (2023)
  • Adds a High-Grade Silver-Gold Project — Silver Dollar Resources Inc. (2023)
  • Barrick Likely to Outperform Newmont This Year — NEM (2023)
  • Barrick Likely to Outperform Newmont This Year — Barrick Mining Corporation (2023)
  • Shatters Records in Q1 — Timbercreek Financial Corp. (2023)
  • Blows Past Our Q1 Estimates — Enterprise Group, Inc. (2023)
  • Continues to Shatter Records — AI.TO (2023)
  • Continues to Shatter Records — Atrium Mortgage Investment Corporation (2023)
  • Gearing Up to Commence Production at Its Second Mine in July — Golden Minerals Company (2023)
  • Continues to Shatter Records — AI.TO (2023)
  • Taking on Majors Through a Low-Fee Non-Custodial Platform - Initiating Coverage — Bitcoin Well Inc. (2023)
  • Well Positioned to Weather Sector Headwinds — Verde AgriTech Ltd (2023)
  • Expecting Record Revenue This Year — Medbright Ai Invts Inc. (2023)
  • Fully Valued — Tesla, Inc. (2023)
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