U.S. Materials Potentially Undervalued Companies

AMG Critical Materials

Market Cap: US$949.4m

Develops, produces, and sells energy storage materials in the United States, China, Germany, France, Japan, Brazil, Africa, and internationally.

Aurelia Metals

Market Cap: US$533.4m

Engages in the exploration and production of mineral properties in Australia.

Alamos Gold

Market Cap: US$17.5b

Operates as a gold producer in Canada and Mexico.

RPM International

Market Cap: US$13.7b

Provides specialty chemicals for the construction, industrial, specialty, and consumer markets.

Hudbay Minerals

Market Cap: US$14.0b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.

Allied Gold

Market Cap: US$3.7b

Operates as gold mining company in Africa.

K92 Mining

Market Cap: US$5.5b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Industrias Peñoles. de

Market Cap: US$317.3b

Engages in the exploration, extraction, and sale of mineral concentrates and minerals in Mexico, Europe, Canada, Asia, the United States, South America, and internationally.

Centerra Gold

Market Cap: US$4.5b

Engages in the operation, development, exploration, and acquisition of gold and copper properties in North America, Turkey, and internationally.

Alkane Resources

Market Cap: US$1.8b

Operates as a gold exploration and production company in Australia.

Chemours

Market Cap: US$2.6b

Provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

West African Resources

Market Cap: US$3.2b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

Constellium

Market Cap: US$4.0b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

Chemtrade Logistics Income Fund

Market Cap: US$1.8b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

Sylvania Platinum

Market Cap: US$217.4m

Operates as a producer of platinum group metals including platinum, palladium, and rhodium, and chrome in South Africa.

Lundin Gold

Market Cap: US$19.2b

Develops and operates its mineral concessions in Ecuador.

Transcontinental

Market Cap: US$455.9m

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

AngloGold Ashanti

Market Cap: US$40.3b

Operates as a gold mining company in Africa, Australia, and the Americas.

Minerals Technologies

Market Cap: US$2.3b

Develops, produces, and markets various mineral, mineral-based products and services.

Kinross Gold

Market Cap: US$40.2b

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania.

SSR Mining

Market Cap: US$7.9b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

H.B. Fuller

Market Cap: US$3.0b

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products.

Mosaic

Market Cap: US$7.1b

Through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients.

Caledonia Mining

Market Cap: US$360.4m

Engages in the exploration, development, and production of gold in Zimbabwe.

IAMGOLD

Market Cap: US$11.9b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Pan American Silver

Market Cap: US$26.2b

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala.

Wesdome Gold Mines

Market Cap: US$3.8b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Winpak

Market Cap: US$2.7b

Manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico.

Resolute Mining

Market Cap: US$2.0b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

Champion Iron

Market Cap: US$2.2b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

Stella-Jones

Market Cap: US$4.2b

Manufactures and sells industrial pressure-treated wood products in Canada and the United States.

Regis Resources

Market Cap: US$4.5b

Engages in the exploration, evaluation, and development of gold projects in Australia.

Iluka Resources

Market Cap: US$2.5b

Engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally.

Pantoro Gold

Market Cap: US$779.4m

Engages in the gold mining, processing, and exploration activities in Western Australia.

Ferroglobe

Market Cap: US$627.1m

Produces and sells silicon metal, and silicon and manganese-based alloys.

Olin

Market Cap: US$2.6b

Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, the Middle East, Africa, and India Middle East, Africa, India, Latin America, and Canada.