Fundamental Research Corp.

Gold prices are hitting record highs, yet valuations for producers are lagging, presenting unique opportunities for investors. M&A activity is on the rise, with recent deals like Alamos Gold’s $443M acquisition of Argonaut Gold and Westgold Resources’ $820M buyout of Karora Resources—a sign that larger miners are actively expanding their portfolios. In this environment, Monument Mining Ltd (TSXV: MMY) has delivered standout performance. The company has achieved record revenue, turned positive on EPS, and shows a remarkable 72% increase in value since July. MMY's Selinsing mine, operational for over 14 years, still holds an estimated 700K oz of gold, positioning it for potential production longevity and continued profitability. What’s next? Our analysts see MMY as heavily undervalued, trading at just 1.2x forward EBITDA—a steep 81% discount to the sector. With FY2025 expected to bring record production and earnings, Monument's strategic move into historical resource confirmation at the Murchison project could enhance its growth trajectory. Explore the full report for in-depth insights into MMY’s financial metrics, operational highlights, and the broader industry trends shaping its future. 📝 https://lnkd.in/g6MYU_Gr Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #GoldMining #MiningIndustry #MonumentMining #EquityAnalysis #InvestmentInsights #GoldStocks #MiningNews #MineralResources #TSXV #GoldMarket #NaturalResources #InvestorUpdates

Trump vs. Harris: A Battle for Key Market Sectors? 📊 As election season heats up, investors are mapping the potential impacts of a Trump or Harris win on various sectors. Will we see a resurgence in traditional sectors like energy and defense under Trump, or a strong shift toward clean energy and tech innovation with Harris? This week, we dive deep into the likely market shifts tied to each candidate's platform. From financial deregulation to sustainable infrastructure, find out which sectors could benefit the most and why. 👉 Don’t miss our full analysis in this week’s report: https://lnkd.in/gXgzYw-d Disclaimer: Past performance is not indicative of future results. #MarketInsights #EquityAnalysis #USPolitics #Election2024 #InvestmentStrategy #CleanEnergy #TechInnovation #Financials

Gold Mining Heats Up Amid Geopolitical Tensions🚨 The precious metals industry has been seeing a steady rise in investor interest, fueled by geopolitical tensions and potential upcoming Fed rate cuts. Companies focused on gold exploration are in a unique position, with market conditions likely to create opportunities for resource expansion and potential M&A activity. 📈 North Peak Resources Ltd. (TSXV: NPR) is making substantial strides at its Prospect Mountain Mine Complex in Nevada, a historically rich site in the Eureka mining district, close to established projects like i-80 Gold’s Ruby Hill and McEwen Mining’s Eureka property. Recent drilling has revealed two mineralized zones – Wabash and Williams – which showed promising results, including high-grade intercepts and long gold intervals from the surface. With further exploration planned, NPR’s team, led by CEO Brian Hinchcliffe, a seasoned industry figure, is setting the groundwork for a potential multimillion-ounce resource. 🛠️ Our analysts believe NPR’s strategic drilling and resource expansion efforts might attract attention from larger players looking for quality gold assets. With a management team experienced in high-profile acquisitions and resource development, NPR’s approach holds significant potential for growth. 🔗 Curious about the future of North Peak Resources and its progress in Nevada? Click the link to read our full report and get in-depth insights into the company's strategy, drill results, and industry outlook: https://lnkd.in/gr7TZ_gg Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #GoldMining #PreciousMetals #NorthPeakResources #MiningIndustry #ResourceExpansion #EurekaMiningDistrict #GoldExploration

🌟 M&A on the Rise in the Gold Mining Sector: Key Recent Acquisitions As gold prices climb, the mining sector is buzzing with major moves: 🔹 Aura Minerals Inc (TSX:ORA) acquired Bluestone Resources Inc. (TSXV:BSR), gaining access to the near-production Cerro Blanco project in Guatemala, enhancing Aura's asset base with immediate production potential. 🔹 GOLD FIELDS (NYSE:GFI) purchased Minière Osisko / Osisko Mining (TSX:OSK), adding substantial resources like Canada’s Cariboo gold project, a strategic step to bolster Gold Fields’ North American presence. 🔹 Minera Alamos Inc. (TSX:MAI.V) acquired Sabre Gold Mines Corp. TSX:SGLD / OTCQB:SGLDF, strengthening its portfolio with U.S. assets for greater production resilience. Our analysts' weekly mining commentary dives into the strategy behind each acquisition and the broader trend of juniors with near-production assets becoming attractive targets. Explore the full analysis here: https://lnkd.in/gtqy__8k Disclaimer: Past performance is not indicative of future results. #Mining #Gold #MergersAndAcquisitions #JuniorMining

South Star Battery Metals Makes a Strategic Move in the Graphite Market! South Star Battery Metals has officially commenced commercial production at its Santa Cruz graphite mine in Brazil, right on schedule. This significant milestone positions STS to contribute to the growing demand for anode materials used in lithium-ion batteries. A recent PEA on the BamaStar project in Alabama 🇺🇸 presents promising figures: - AT-NPV8% of $1.6B and an AT-IRR of 27% - 19-year mine life with an average annual production of 47 kt - Initial CAPEX of $366M This study was essential for securing $3.2M in funding from the U.S. Department of Defense, setting the stage for BamaStar's production, expected in 2027. ⏳ With the graphite market gaining attention as a critical component in battery production and energy storage, how might South Star’s latest developments shape the future landscape? Check out the detailed analysis from FRC analysts for a deeper dive into what this could mean for investors and the broader graphite market: https://lnkd.in/gxsYRhBg Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #Graphite #BatteryMetals #Mining #EnergyStorage #STSBF #MarketAnalysis #NaturalResources #Minerals #Investing

🚀 A Game-Changer in Central Asian Energy Markets? Central Asia's energy landscape is evolving rapidly, with Condor Energies (TSX: CDR/OTC: CNPRF) at the forefront. As Uzbekistan revitalizes its domestic gas production, Condor has emerged as a key player, securing rights to eight natural gas fields and boosting production to 60,000 mcf/day. With plans to further enhance output using advanced technologies, the company is on track to surpass 100,000 mcf/day, positioning itself as a significant gas producer in the region. Founded by the visionaries behind the Osisko Group, Condor combines industry expertise with strategic foresight. A 20-year contract with the Uzbek government has already propelled Q2-2024 revenues to $19M—a substantial leap from $12k in Q2-2023. But the story doesn't end there. In Kazakhstan, Condor is spearheading the development of modular LNG facilities aimed at replacing diesel for industrial transport, with the first facility expected to come online in 2026. Secured contracts with state entities further solidify its position in this growing market. With record revenue and EPS projected for 2024 and 2025, investors are keenly watching progress on the LNG project and further production enhancements. Curious about the valuation? Our report estimates an after-tax NAV of $1.20/share for the Uzbek project and $2.25/share for the LNG facilities. 📄 Dive into our full report to explore how Condor is shaping the future of energy in Central Asia and what investors should keep an eye on in the coming months: https://lnkd.in/gdH6HSKs Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #CondorEnergies #GasProduction #LNG #LithiumExploration #CentralAsia #InvestmentAnalysis

What’s Next for Mortgage Investment Corporations (MICs)? As lending rates take a downward turn following the Bank of Canada's recent rate cuts, the mortgage market is entering a period of transition. Cooling inflation and a softer job market are setting the stage for potential further rate reductions, which could have significant implications for MICs—especially those with a focus on high yields. We’re initiating coverage on CMI High Yield Opportunity Fund Corp. (CMI), one of three funds under CMI Mortgage Services. Managing $154M across 500+ mortgages, CMI stands out with its current yield of 10.8%—making it one of the highest-yielding MICs in the market. However, this yield comes with a unique risk profile due to a lower exposure to first mortgages and a higher loan-to-value ratio. Most of its portfolio is concentrated in Ontario, offering insight into the region's residential lending landscape. Our analysts are keeping a close eye on CMI’s strategy as it navigates an evolving interest rate environment. With expectations for further rate cuts, we see opportunities for increased transaction volumes in the coming year. Our projections estimate a 10.8% yield in FY2024 and 9.5% in FY2025. Curious about the detailed analysis and our outlook for CMI? Dive into our full report to explore what makes CMI a compelling play among MICs, despite its higher risk profile, and how it could perform in a shifting market: https://lnkd.in/gUcxg77r Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. 🏦📊 #MortgageInvestments #CMI #InterestRates #HighYield #InvestmentTrends

American Lithium Corp. ($LI.V) has seen a notable increase of over 16% in the past two weeks. This movement reflects ongoing strength in the lithium sector, driven by sustained demand for electric vehicle (EV) batteries and energy storage solutions. While lithium prices have faced some pressure this year, the long-term fundamentals remain intact. Companies like American Lithium Corp. are positioned to navigate these market fluctuations, especially with broader sector demand trends remaining favorable. In our recent analysis, we also highlighted Noram Lithium Corp. (TSXV: NRM) and Lake Resources (ASX: LKE), which are worth watching as the market for critical minerals continues to evolve. This sector remains cyclical, and understanding the underlying dynamics will be key as we move forward. Watch video now: https://lnkd.in/giD8ssvP Disclaimer: This video is for informational purposes only. FRC provides fee-based analyst coverage for Noram Lithium Corp. and Lake Resources NL. American Lithium Corp. is not under coverage, but an analyst owns shares. Always do your own research before investing. #Lithium #EV #CleanEnergy #Investing #CriticalMinerals #MiningIndustry

Analysts' Insights: M&A Frenzy and Market Trends📊 Last week, global equity markets saw a 2% rise on average, driven by robust U.S. jobs data pushing the dollar and yields higher. However, escalating tensions in the Middle East could be a major influence in the coming days, raising concerns about near-term volatility. In the mining sector, significant developments are shaping the landscape: 🔑 M&A Activity Heats Up: - Coeur Mining, Inc. (CDE) is acquiring SilverCrest Metals Inc. (SIL) for $1.7B, paying 8.8x EBITDA, which is double the sector average. - IsoEnergy Ltd. (ISO) is buying Anfield Energy Inc. (AEC) for $127M, securing a uranium mill in Utah. With Russia controlling 35% of global enriched uranium production, the supply chain remains highly vulnerable. ⚡ Metal Markets: - Metal prices rose 0.5%, though gold producer valuations remain 9% lower than in previous runs when gold hit US$2k/oz. - Base metals saw similar gains, but with mixed outlooks as global conditions fluctuate. 🔋 Lithium & Capital Risk: - Ernst & Young’s latest report highlights capital risk as a major concern for miners, particularly in the lithium sector, where upside potential remains strong due to growing EV demand. For more insights on these trends and what they mean for investors, check out the full commentary: https://lnkd.in/gbSTvWmj Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #mining #mergers #gold #uranium #lithium #investing #marketTrends

🏠 Mortgage Investment Corporations (MICs) continue to gain traction as rates decline, and Alta West Capital is one company setting new benchmarks. With FY2024 breaking records, AWM Diversified MIC has seen its mortgage receivables grow to the highest in its history. The yield is up, reaching 8.7%, and with lending rates expected to drop further following the Bank of Canada’s recent rate cuts, there’s a lot to keep an eye on. Our analysts are anticipating an even higher yield for FY2025. As of now, the company is comfortably positioned with a low loan-to-value (LTV) of 68%, and its focus on first and second mortgages makes it an attractive choice in a cooling market. But, what’s ahead for AWM as rates continue to fall, and how will it navigate a changing landscape? Get the full breakdown in our latest report, where we dive into AWM’s impressive FY2024 results and explore what’s in store for the year ahead: https://lnkd.in/gkcqzrnf Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results. #mortgage #realestate #equityanalysis #investment