U.S. Materials Potentially Undervalued Companies

Flexible Solutions International

Market Cap: US$56.2m

Develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally.

Meridian Mining UK Societas

Market Cap: US$267.3m

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

Alto Ingredients

Market Cap: US$62.6m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

Skeena Resources

Market Cap: US$1.8b

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

Eskay Mining

Market Cap: US$46.9m

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

U.S. Gold

Market Cap: US$128.9m

Engages in the exploration and development of gold and precious metals primarily in the United States.

Northern Star Resources

Market Cap: US$26.2b

Engages in the exploration, development, mining, and processing of gold deposits.

FireFly Metals

Market Cap: US$508.2m

Engages in the exploration and evaluation of mineral deposits in Australia and Canada.

Altius Minerals

Market Cap: US$1.2b

Engages in the mineral and renewable royalties and project generation businesses in Canada, Brazil, and the United States.

Voestalpine

Market Cap: US$4.2b

Processes, develops, manufactures, and sells steel products in Austria, the European Union, and internationally.

Alkane Resources

Market Cap: US$442.0m

Operates as a gold exploration and production company in Australia.

Eregli Demir ve Çelik Fabrikalari T.A.S

Market Cap: US$172.6b

Produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke, and by-products in Turkey and internationally.

Savannah Resources

Market Cap: US$94.5m

Engages in the exploration and development of lithium properties.

Nitto Denko

Market Cap: US$1.9t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Mitsubishi Chemical Group

Market Cap: US$1.1t

Provides performance products, chemicals, industrial gases, health care products, and other products in Japan and internationally.

Rio Tinto Group

Market Cap: US$80.4b

Engages in exploring, mining, and processing mineral resources worldwide.

Sasol

Market Cap: US$44.4b

Operates as a chemical and energy company in South Africa and internationally.

Boliden

Market Cap: US$100.5b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Kansai Paint

Market Cap: US$392.6b

Manufactures and sells paints and coatings in Japan, India, Asia, Africa, Europe, and internationally.

C.UyemuraLtd

Market Cap: US$184.6b

Researches, develops, manufactures, and sells plating chemicals, industrial chemicals, non-ferrous metals, and other products in Japan and internationally.

Nippon Kayaku

Market Cap: US$217.3b

Develops, manufactures, and sells functional chemicals, pharmaceuticals, safety systems, and agrochemicals and other products in Japan and internationally.

Suzano

Market Cap: US$65.7b

Produces and sells eucalyptus pulp and paper products in Brazil and internationally.

Victrex

Market Cap: US$707.1m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Kaiser Aluminum

Market Cap: US$1.1b

Manufactures and sells semi-fabricated specialty aluminum mill products.

LSB Industries

Market Cap: US$537.6m

Engages in the manufacture, marketing, and sale of chemical products in the United States.

Adriatic Metals

Market Cap: US$1.3b

Through its subsidiaries, engages in the exploration and development of precious and base metals.

Ingevity

Market Cap: US$1.6b

Manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America.

Amex Exploration

Market Cap: US$135.9m

Engages in the exploration of gold mining properties in Canada.

Radius Recycling

Market Cap: US$832.2m

Radius Recycling, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide.

Artemis Gold

Market Cap: US$4.6b

Focuses on the identification, acquisition, and development of gold properties.

Anglo American

Market Cap: US$26.7b

Operates as a mining company in the United Kingdom and internationally.

Vault Minerals

Market Cap: US$2.9b

Engages in the exploration, production, and mining of gold and gold/copper concentrates in Canada and Australia.

Crown Holdings

Market Cap: US$11.2b

Engages in the packaging business in the United States and internationally.

Gold Royalty

Market Cap: US$262.5m

A precious metals-focused royalty company, provides financing solutions to the metals and mining industry.

LANXESS

Market Cap: US$2.4b

Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.

Louisiana-Pacific

Market Cap: US$6.5b

Provides building solutions for applications in new home construction, repair and remodeling, and outdoor structure markets.