Canadian Materials Undervalued Small Caps

Hemlo Mining

Market Cap: CA$2.1b

Operates as a gold production company.

Foraco International

Market Cap: CA$305.4m

Provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.

Magna Mining

Market Cap: CA$677.2m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

ADF Group

Market Cap: CA$283.5m

Engages in the design and engineering of connections including industrial coatings in Canada and the United States.