Critical Metals Recommendations

Mason Graphite Inc.

The Mining Report Interview with Rupert Merer (4/21/15) "Mason Graphite's Lac Guéret graphite deposit is the best in the world."

Mandalay Resources Corp.

Benjamin Asuncion, Haywood Securities (4/14/15) "MND's production at Cerro Bayo is expected to increase later this year."

Chris Thompson, Raymond James (4/13/15) "We are maintaining our Strong Buy rating on MND."

Andrew Kaip, BMO Capital Markets (4/13/15) "MND's Q1/15 sales were in line with our forecasts."

Mason Graphite Inc.

The Energy Report Interview with David Talbot (4/9/15) "LLG owns 100% of the Lac Guéret project in Québec, which is among the highest-grade projects in the world."

Focus Graphite Inc.

The Energy Report Interview with David Talbot (4/9/15) "FMS' Lac Knife is a large, well-advanced, high-purity project with nice size distribution and quality management."

Alkane Resources Ltd.

Giles Kerr, Seeking Alpha (4/9/15) "ALK is a potential tenbagger."

Medallion Resources Ltd.

The Gold Report Interview with Eric Muschinski (4/8/15) "MDL has an interesting angle on rare earth production—it is a REE separation play."

Focus Graphite Inc.

The Mining Report Interview with Chris Berry (4/7/15) "FMS is aiming to create its own high-tech supply chain through a private subsidiary."

Commerce Resources Corp.

The Mining Report Interview with Chris Berry (4/7/15) "CCE's tantalum is a secret weapon and could pay off in the long run."

Probe Mines Limited

Michael Gray, Macquarie Capital Markets (4/6/15) "We are initiating coverage of PRB with an Outperform rating."

Midland Exploration Inc.

Adrian Day, Global Analyst (3/25/15) "MD continues to execute good deals."

Syrah Resources Ltd.

The Mining Report Interview with Simon Moores (3/24/15) "SYR intends to position itself to supply a surge in battery production."

Mason Graphite Inc.

The Mining Report Interview with Simon Moores (3/24/15) "LLG's ability to raise money for a niche mineral in this environment is an achievement."

Focus Graphite Inc.

The Mining Report Interview with Simon Moores (3/24/15) "FMS is looking at serving a market from the user perspective."

Largo Resources Ltd.

The Mining Report Interview with Philip Richards (3/17/15) "LGO has come into production."

Namibia Rare Earths Inc.

The Mining Report Interview with Gareth Hatch (3/3/15) "NRE's Lofdal has great rare earth distribution and simple mineralogy."

Mason Graphite Inc.

The Mining Report Interview with Gareth Hatch (3/3/15) "One name that I keep track of is LLG."

Focus Graphite Inc.

The Mining Report Interview with Gareth Hatch (3/3/15) "FMS has one of the most advanced graphite projects in North America."

Commerce Resources Corp.

The Mining Report Interview with Gareth Hatch (3/3/15) "CCE has developed a process to produce concentrate with a relatively high concentration of REEs."

Alkane Resources Ltd.

The Mining Report Interview with Gareth Hatch (3/3/15) "ALK is funding the Dubbo Zirconia project with nearby gold production."

Mason Graphite Inc.

David Talbot, Dundee Capital Markets (3/2/15) "LLG is well funded, with an extensive following and experienced management."

Largo Resources Ltd.

Resource Investing News (2/23/15) "LGO has made progress toward a debt restructuring agreement."

Commerce Resources Corp.

Maria Kalbarczyk, Secutor Capital Management (2/17/15) "CCE's Ashram project has the potential to be one of the world's largest REE-producing mines."

Mason Graphite Inc.

Ben Kramer-Miller, Seeking Alpha (2/16/15) "I believe LLG will come out ahead as the leader in the space."

Alkane Resources Ltd.

Proactive Investors (2/12/15) "ALK is now on the home track to secure approvals for its Dubbo Zirconia project."

Syrah Resources Ltd.

Michael Slifirski, Credit Suisse (2/12/15) "SYR's PEA for two spherical graphite plants is underway."

Mason Graphite Inc.

Rupert Merer, National Bank Financial (2/11/15) "We do not know of any other formal work on process design today beside LLG's study."

Daniel Greenspan, Macquarie Capital Markets (2/11/15) "Creating value-added graphite products could increase LLG's margins."

Syrah Resources Ltd.

Michael Slifirski, Credit Suisse (2/10/15) "SYR's offtake is very significant as it prices graphite at market."

Mason Graphite Inc.

Daniel Greenspan, Macquarie Capital Markets (2/5/15) "LLG's feasibility study for Lac Guéret remains on track for Q2/15."

Largo Resources Ltd.

Teresa Matich, Resource Investing News (2/4/15) "LGO aims to ramp up to nameplate production at Menchen by Q3/15."

PolyMet Mining Corp.

Joe Reagor, ROTH Capital Partners (2/2/15) "POM's financing should alleviate investor concerns over potential equity financings."

Focus Graphite Inc.

Ben Kramer-Miller, Seeking Alpha (1/29/15) "FMS' Lac Knife has a relatively high chance of moving to production."

Midland Exploration Inc.

Adrian Day, Global Analyst (1/27/15) "At least $3.3M is budgeted for MD drilling in 2015, all from partners."

Trevali Mining Corp.

Joseph Gallucci, Dundee Capital Markets (1/22/15) "TV's 2014 production performance at Santander is one of the best start-up years we have seen."

Mandalay Resources Corp.

Mike Parkin, Desjardins Securities (1/13/15) "We met with MND's CEO and came away with higher conviction in our Top Pick rating."

Mike Parkin, Desjardins Securities (1/7/15) "Investors should buy MND before it rerates to trade more in line with its peer group."

Argonaut Gold Inc.

Andrew Kaip, BMO Capital Markets (1/7/15) "AR's Q4/14 and full year production numbers came in well above our estimates."

Balmoral Resources Ltd.

Thibaut Lepouttre, Caesars Report (1/6/15) "BAR's latest batch of drill results confirms the depth of the Horizon 3 sulphide zone."

Focus Graphite Inc.

The Mining Report Interview with Chris Berry (12/30/14) "The optimal junior mining graphite opportunities going forward will be those that have worked to establish their own supply chains, such as FMS."

Commerce Resources Corp.

The Mining Report Interview with Chris Berry (12/30/14) "CCE is both an REE play and a tantalum/niobium play; both are valuable and highly strategic assets."

Namibia Rare Earths Inc.

The Mining Report Interview with Chris Berry (12/30/14) "NRE is a good example of a critical metals story that slowly continues to derisk itself and impress in the process."

Uranerz Energy Corp.

The Mining Report Interview with Chris Berry (12/30/14) "URZ is one of the few companies that can operate in the current low uranium price environment."

Nemaska Lithium Inc.

The Mining Report Interview with Chris Berry (12/30/14) "We know a great deal about the potential economics of NMX's production plans; 2015 will be the year the company starts to solidify them."

Trevali Mining Corp.

Derek Macpherson, M Partners (12/19/14) "As TV ramps up production it should trade at a premium to peers."

Balmoral Resources Ltd.

Kevin MacKenzie, Salman Partners (12/18/14) "BAR announced the final results from its summer/fall drill program at Grasset."

Carbine Tungsten Ltd.

Peter Chilton, Edison Investment Research (12/16/14) "CNQ has received debt funding for the starter phase of its Hard Rock tungsten project."

PolyMet Mining Corp.

Chris Krueger, Lake Street Capital Markets (12/16/14) "POM reported Q3/15 results that met expectations."

Mason Graphite Inc.

Charlotte McLeod, Resource Investing News (12/15/14) "LLG has increased Lac Gueret's Measured and Indicated resource by 31%."

David Talbot, Dundee Capital Markets (12/15/14) "LLG is well funded and has experienced management."

Focus Graphite Inc.

David Talbot, Dundee Capital Markets (12/15/14) "FMS has an offtake agreement, a superb location and quality management."

Balmoral Resources Ltd.

Haywood Securities (12/12/14) "BAR's EM survey at Grasset successfully showcased the project's massive high-grade potential."

Medallion Resources Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/11/14) "I am still enamored with MDL's long-term prospects."

Balmoral Resources Ltd.

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/11/14) "BAR enters the new year with two promising exploration projects."

Focus Graphite Inc.

Ben Kramer-Miller, Seeking Alpha (12/4/14) "FMS' Lac Knife is the most advanced of the major flake-graphite projects."

Syrah Resources Ltd.

Luke Smith, Canaccord Genuity (12/3/14) "We remain firmly of the view that SYR's Balama is a world-class project."

PolyMet Mining Corp.

Tom Meyer, CIBC World Markets (11/24/14) "Outperformer POM is continuing to make positive progress at its development project."

Callinex Mines Inc.

Stockhouse Editorial Team, Stockhouse (11/21/14) "CNX's Flin Flon and Pine Bay projects both have potential for big resource deposits."

Syrah Resources Ltd.

The Mining Report with Michael Slifirski (11/18/14) "SYR sits on one of the best graphite deposits in the world."

Mason Graphite Inc.

Daniel Greenspan, Macquarie Capital Markets (11/18/14) "By trucking Lac Guéret's ore to a mill, LLG could decrease capex and opex by 8% and 20%, respectively."

Trevali Mining Corp.

Adam Low, Raymond James (11/17/14) "TV offers investors the best equity exposure to zinc."

Primero Mining Corp.

Brian Szeto, PI Financial (11/13/14) "P's San Dimas is a long-life, high-grade asset that will continue producing well into the future."

Ucore Rare Metals Inc.

Jeb Handwerger, Gold Stock Trades (11/12/14) "UCU's technology produced a +99% HREE concentrate from Bokan ore."

Northern Minerals Ltd.

The Gold Report Interview with Jack Lifton (11/11/14) "NTU has a deposit of xenotime, the most desirable HREE."

Namibia Rare Earths Inc.

The Mining Report Interview with Jack Lifton (11/11/14) "NRE may be the lowest cost mine of all to bring to production."

Alkane Resources Ltd.

The Mining Report Interview with Jack Lifton (11/11/14) "ALK has an offtake for its REEs."

Mandalay Resources Corp.

Chris Thompson, Raymond James (11/7/14) "We continue to rate MND a Strong Buy."

Andrew Kaip, BMO Capital Markets (11/6/14) "MND's unit costs are trending downward at Cerro Bayo and Costerfield."

Excelsior Mining Corp.

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/6/14) "With a 5 Blb+ copper resource and phased production approach, MIN is very attractive."

Uranerz Energy Corp.

The Mining Report Interview with Colin Healey (11/4/14) "URZ is a new producer and it's set to deliver its first financial results since the company registered first sales of uranium in September."

Northern Minerals Ltd.

The Gold Report Interview with Paul Adams (11/3/14) "NTU should be the world's next major dysprosium producer outside of China."

Medallion Resources Ltd.

Nick Wells, Rare Earth Investing News (11/2/14) "Processing monazite is MDL's unique approach to the rare earths market."

Focus Graphite Inc.

Ben Kramer-Miller, Seeking Alpha (10/29/14) "FMS entered an agreement with a First Nation tribe, a crucial step."

Comstock Mining Inc.

Teresa Matich, Resource Investing News (10/28/14) "LODE is expanding its mine plans and ramping up production while reducing costs."

Callinex Mines Inc.

Stockhouse Editorial Team, Stockhouse (10/25/14) "The depth of expertise and experience on CNX's advisory board is vast."

Mason Graphite Inc.

The Gold Report Interview with Ron Struthers (10/22/14) "LLG is the leader as far as graphite grade is concerned."

Focus Graphite Inc.

The Gold Report Interview with Ron Struthers (10/22/14) "FMS successfully tested upgrading the Lac Knife graphite to battery grade."

Commerce Resources Corp.

Stephan Bogner, Rockstone Research Ltd. (10/22/14) "CCE's Ashram is a great project in the hands of great management; it's my top pick."

Largo Resources Ltd.

Luisa Moreno, Euro Pacific Canada (10/17/14) "The TSX.V approved consolidation of LGO's shares on a 1:10 basis."