Canadian Undiscovered Gems With Strong Fundamentals

Hemlo Mining

Market Cap: CA$1.8b

Engages in gold mining.

Soma Gold

Market Cap: CA$199.4m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Itafos

Market Cap: CA$566.2m

Operates as a phosphate and specialty fertilizer company.

Mako Mining

Market Cap: CA$720.4m

Engages in gold mining and exploration activities in Nicaragua.

Flint

Market Cap: CA$151.8m

Provides upstream, midstream, and downstream production services in Canada and the United States.

Melcor Developments

Market Cap: CA$463.2m

Operates as a real estate development company in the United States and Canada.

Pulse Seismic

Market Cap: CA$159.3m

Acquires, markets, and licenses two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Canada.

Corby Spirit and Wine

Market Cap: CA$396.8m

Manufactures, markets, and imports spirits, wines, and ready-to-drink cocktails in Canada, the United States, the United Kingdom, and internationally.

Dundee

Market Cap: CA$344.2m

Through its operating subsidiaries, the firm is engaged in diverse business activities in the areas of investment advisory, corporate finance, energy, resources, agriculture, real estate and infrastructure.

Queen's Road Capital Investment

Market Cap: CA$447.6m

A resource focused investment company, invests in privately held and publicly-traded resource companies.

Orogen Royalties

Market Cap: CA$144.8m

Operates as a royalty and mineral exploration company in Canada, the United States, Mexico, Argentina, Kenya, and Colombia.

Golconda Gold

Market Cap: CA$150.7m

Explores, develops, and operates gold mining properties in Canada, the United States, and South Africa.

D-BOX Technologies

Market Cap: CA$220.5m

Designs, manufactures, and commercializes haptic motion systems intended for theatrical entertainment, sim racing and simulation, and training business in the United States, Canada, Europe, Asia, South America, Oceania, and Africa.

Cannara Biotech

Market Cap: CA$166.1m

Engages in the indoor cultivation, processing, and sale of cannabis and cannabis-derivative products in Canada.

Total Energy Services

Market Cap: CA$568.6m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

Monument Mining

Market Cap: CA$369.5m

Engages in the production, exploration, and development of precious metals in Canada, Australia, and Malaysia.

Firm Capital Mortgage Investment

Market Cap: CA$427.6m

Through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada.

Orca Energy Group

Market Cap: CA$169.4m

Engages in the exploration, development, production, and supply of petroleum and natural gas to the power and industrial sectors in Tanzania.

Santacruz Silver Mining

Market Cap: CA$922.6m

Engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America.

Olympia Financial Group

Market Cap: CA$269.1m

Through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada.

Gamehost

Market Cap: CA$241.1m

Engages in the hospitality and gaming businesses in Alberta.

Alphamin Resources

Market Cap: CA$1.5b

Engages in the production and sale of tin concentrate.

Kolibri Global Energy

Market Cap: CA$198.0m

Engages in the exploration and exploitation of oil, gas, and clean and sustainable energy reserves in the United States.

Heliostar Metals

Market Cap: CA$672.2m

Engages in the identification, acquisition, evaluation, and exploration of mineral properties in North America.

GoGold Resources

Market Cap: CA$1.3b

Engages in the exploration, development, and production of silver, gold, and copper primarily in Mexico It owns the Los Ricos property, which includes Los Ricos South and Los Ricos North projects, that covers 45 concessions with an area of approximately 24,000 hectares situated in the Jalisco State, Mexico; and the Parral Tailings project located in the city of Parral.

Auxly Cannabis Group

Market Cap: CA$202.3m

Operates as a consumer packaged goods company in the cannabis products market in Canada.

Stack Capital Group

Market Cap: CA$189.9m

Stack Capital Group Inc. is public investment firm engaged in venture capital specializing in Pre-IPO, late stage and growth stages of a company.

Empress Royalty

Market Cap: CA$141.4m

Engages in creating and investing in a portfolio of precious metal royalty and streaming interests in Canada.

Hemisphere Energy

Market Cap: CA$194.9m

Acquires, explores, develops, and produces petroleum and natural gas properties in Canada.

Alvopetro Energy

Market Cap: CA$224.4m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Kiwetinohk Energy

Market Cap: CA$1.1b

Produces of natural gas natural gas liquids, oil, and condensate in Canada.

Sierra Madre Gold and Silver

Market Cap: CA$286.4m

Operates as a precious metal development and exploration company in Mexico.

Cronos Group

Market Cap: CA$1.7b

A cannabinoid company, engages in the cultivation, production, distribution, and marketing of cannabis products in Canada, Israel, and internationally.

Andean Precious Metals

Market Cap: CA$1.5b

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Magellan Aerospace

Market Cap: CA$981.8m

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.