Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Market Overview - U.S. stock markets faced a setback in 2025 following a significant bull run driven by artificial intelligence in 2023 and 2024, with the Nasdaq Composite rising 43.4% in 2023 and 28.6% in 2024, but only up 0.9% year to date in 2025 [1] Non-Tech Stock Performance - Despite the overall poor performance of the Nasdaq index, several large-cap non-tech stocks have seen substantial gains, with some achieving over 20% returns year to date, indicating potential investment opportunities [2][9] Recommended Stocks - Five non-tech stocks are recommended for investment: Sprouts Farmers Market Inc. (SFM), Royal Gold Inc. (RGLD), Thomson Reuters Corp. (TRI), Woodward Inc. (WWD), and Exelixis Inc. (EXEL), all carrying favorable Zacks Ranks [3][9] Sprouts Farmers Market Inc. (SFM) - SFM, with a Zacks Rank 1, focuses on product innovation, e-commerce, and private label offerings, leading to better-than-expected fourth-quarter 2024 results with year-over-year growth in both revenue and earnings [6] - For 2025, SFM expects net sales to rise between 10.5% and 12.5%, with comparable store sales anticipated to increase by 4.5% to 6.5% [7] - SFM has an expected revenue growth rate of 13.7% and earnings growth rate of 35.5% for the current year, with a 9% improvement in the Zacks Consensus Estimate for earnings over the last 60 days [8] Royal Gold Inc. (RGLD) - RGLD, also with a Zacks Rank 1, benefits from solid streaming agreements and maintains a strong balance sheet, focusing on dividends, debt reduction, and new business opportunities [10] - Current gold prices around $3,400 per ounce, driven by U.S. tariff policies and geopolitical conflicts, are expected to enhance RGLD's results in upcoming quarters [11] - RGLD has an expected revenue growth rate of 24.1% and earnings growth rate of 35.9% for the current year, with a 0.6% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [12] Thomson Reuters Corp. (TRI) - TRI, with a Zacks Rank 2, operates as a content and technology company across various regions and segments, providing value-added information and technology [13][14] - The company has an expected revenue growth rate of 3.2% and earnings growth rate of 4.2% for the current year, with a 1.3% improvement in the Zacks Consensus Estimate for earnings over the last 60 days [14] Woodward Inc. (WWD) - WWD, also with a Zacks Rank 2, benefits from strong demand in its Aerospace and Core Industrial units, with a positive outlook driven by increased defense spending and solid demand for power generation [15][16] - WWD has an expected revenue growth rate of 3.7% and earnings growth rate of 2.1% for the current year, with a 0.3% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [17] Exelixis Inc. (EXEL) - EXEL, with a Zacks Rank 2, reported better-than-expected first-quarter 2025 results, driven by strong demand for its lead drug, Cabometyx, and recent label expansions [18][19] - The company has an expected revenue growth rate of 7.4% and earnings growth rate of 30.5% for the current year, with a 1.6% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [20]

Core Insights - Orla Mining (NYSE: ORLA) is characterized as a stable investment that focuses on running mines and generating cash flow without aggressive marketing or trending activities [1] - The company's Camino Rojo project has emerged as a strong performer in the heap-leach mining sector, indicating its operational efficiency and potential for growth [1] Company Overview - Orla Mining operates with a strategy that emphasizes fundamental momentum, technical chart structure, and sentiment analysis to identify high-potential investment opportunities [1] - The company has a public buy record showcasing a 69% win rate with an average gain of approximately 10%, and its top performer has achieved a gain of 47% [1]

Core Viewpoint - Erdene Resource Development Corporation is set to commence production at the Bayan Khundii project, which is characterized as one of the highest-grade open-pit gold mines globally, with low all-in sustaining costs, coinciding with gold prices reaching historic highs, thus providing significant leverage for shareholders [1]. Company Overview - Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals in Mongolia, particularly in the Khundii Minerals District [2]. Project Milestones - The Bayan Khundii project is transitioning to production only ten years after high-grade gold was discovered at the surface, marking it as one of the fastest projects to reach this stage in recent memory [1]. - Cash flow generated from the Bayan Khundii project is expected to support further exploration and development within the broader Khundii Minerals District portfolio, aiming to create long-term value for stakeholders [1].

Group 1 - The Democratic Republic of the Congo (DRC) is the world's leading cobalt supplier, accounting for 75.9% of global production in 2024, and its four-month export suspension will significantly alter market supply expectations, leading to a 14.5% price increase to 182,000 CNY/ton [1] - The DRC's cobalt reserves are substantial, with 600,000 tons out of a global total of 1,100,000 tons, representing 54.5%. The DRC's production is projected to be 220,000 tons in 2024, a 21.8% year-on-year increase, and it will contribute 86.5% of the global production increment [1] - The DRC government has strong intentions to stabilize cobalt prices, as evidenced by the price increase following the export ban, with prices rising from 159,000 CNY/ton to 182,000 CNY/ton [3] Group 2 - High copper prices provide the DRC government with the ability to control cobalt production, as local copper companies will continue operations even without exporting associated cobalt products, ensuring tax revenue for the government [2] - The export ban is expected to reshape the oversupply situation in the cobalt market, as the decline in cobalt prices since 2022 was driven by reduced demand from the ternary cathode materials and increased cobalt production from rising copper output [4]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - Domestic arrivals at 47 ports reached 27.729 million tons, a significant rebound to a year - high, mainly due to increased arrivals of Brazilian ore [2]. - Overseas ore shipments rebounded again, with the total shipments from 19 global ports reaching 35.067 million tons, climbing to a high level. The shipments of major miners were active [2]. - Based on shipping schedules, the arrivals of Australian and Brazilian ore at domestic ports are expected to remain stable at a high level, and overseas ore supply will remain high [2]. 3. Summary by Directory 3.1. Ore Arrival and Shipment Data - **Arrival Volume** - Northern six - port arrivals were 11.536 million tons, a week - on - week decrease of 654,000 tons (-5.37%) but a month - on - month increase of 947,000 tons (8.94%) [3]. - National 45 - port arrivals were 25.627 million tons, a week - on - week increase of 1.782 million tons (7.47%) and a month - on - month increase of 4.114 million tons (19.12%) [3]. - National 47 - port arrivals were 27.729 million tons, a week - on - week increase of 2.554 million tons (10.14%) and a month - on - month increase of 4.288 million tons (18.29%) [3]. - National 47 - port Australian ore arrivals were 18.245 million tons, a week - on - week increase of 191,000 tons (1.06%) and a month - on - month increase of 1.995 million tons (12.28%) [3]. - National 47 - port Brazilian ore arrivals were 6.732 million tons, a week - on - week increase of 2.803 million tons (71.34%) and a month - on - month increase of 1.993 million tons (42.06%) [3]. - National 47 - port other ore arrivals were 2.752 million tons, a week - on - week decrease of 440,000 tons (-13.78%) but a month - on - month increase of 300,000 tons (12.23%) [3]. - **Shipment Volume** - Australian shipments (original caliber) were 18.84 million tons, a week - on - week increase of 785,000 tons (4.35%) and a month - on - month increase of 1.129 million tons (6.37%) [3]. - Shipments to China from Australia were 16.131 million tons, a week - on - week decrease of 108,000 tons (-0.67%) but a month - on - month increase of 704,000 tons (4.56%) [3]. - Brazilian shipments (original caliber) were 8.584 million tons, a week - on - week increase of 1.865 million tons (27.76%) and a month - on - month increase of 1.328 million tons (18.30%) [3]. - Global 19 - port shipments were 35.067 million tons, a week - on - week increase of 1.54 million tons (4.59%) and a month - on - month increase of 3.18 million tons (9.97%) [3]. - Australian shipments from 19 global ports were 20.681 million tons, a week - on - week increase of 745,000 tons (3.74%) and a month - on - month increase of 549,000 tons (2.73%) [3]. - Brazilian shipments from 19 global ports were 9.417 million tons, a week - on - week increase of 1.691 million tons (21.89%) and a month - on - month increase of 1.649 million tons (21.23%) [3]. - Other shipments from 19 global ports were 4.969 million tons, a week - on - week decrease of 896,000 tons (-15.28%) but a month - on - month increase of 982,000 tons (24.63%) [3]. - VALE shipments were 7.191 million tons, a week - on - week increase of 1.4865 million tons (26.06%) and a month - on - month increase of 1.1524 million tons (19.08%) [3]. - RIO shipments were 6.679 million tons, a week - on - week decrease of 222,500 tons (-3.22%) and a month - on - month decrease of 60,500 tons (-0.90%) [3]. - Shipments to China from RIO were 5.328 million tons, a week - on - week decrease of 373,000 tons (-6.54%) and a month - on - month decrease of 346,000 tons (-6.10%) [3]. - BHP shipments were 6.665 million tons, a week - on - week increase of 923,500 tons (16.08%) and a month - on - month increase of 354,900 tons (5.62%) [3]. - Shipments to China from BHP were 6.329 million tons, a week - on - week increase of 1.147 million tons (22.13%) and a month - on - month increase of 753,000 tons (13.50%) [3]. - FMG shipments were 4.53 million tons, a week - on - week decrease of 50,600 tons (-1.10%) but a month - on - month increase of 493,200 tons (12.22%) [3]. - Shipments to China from FMG were 3.764 million tons, a week - on - week decrease of 817,000 tons (-17.83%) but a month - on - month increase of 153,000 tons (4.24%) [3]. 3.2. Related Charts - Domestic port arrival volume [5] - Global 19 - port shipment volume [7] - Four major miners' shipment volume [8] - Estimated domestic arrival volume of iron ore [12]

Group 1: Euroseas (ESEA) - Euroseas operates in the dry cargo, drybulk, and container shipping markets and has a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Euroseas' current year earnings increased by 4.4% over the last 60 days [1] - Euroseas' shares gained 43.8% over the last three months compared to the S&P 500's gain of 3.5%, and the company has a Momentum Score of A [1] Group 2: Grupo Aeroportuario del Sureste (ASR) - Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions for several airports in southeast Mexico and has a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Grupo Aeroportuario del Sureste's current year earnings increased by 3.5% over the last 60 days [2] - Grupo Aeroportuario del Sureste's shares gained 13.4% over the last three months compared to the S&P 500's gain of 3.5%, and the company has a Momentum Score of A [3] Group 3: Dundee Precious Metals (DPMLF) - Dundee Precious Metals is engaged in the acquisition, exploration, development, mining, and processing of precious metals and has a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Dundee Precious Metals' current year earnings increased by 46.2% over the last 60 days [3] - Dundee Precious Metals' shares gained 19.5% over the last three months compared to the S&P 500's gain of 3.5%, and the company has a Momentum Score of B [4]

Core Viewpoint - Magna Mining Inc. has received a funding award of up to C$500,000 from the Ontario government to support metallurgical work aimed at enhancing precious metal recoveries at the Crean Hill project [1][2]. Group 1: Funding and Project Details - The funding will be utilized for metallurgical work related to improving precious metal recoveries from contact and footwall mineralization at the Crean Hill project, which is part of a surface bulk sample program conducted in 2024 [1]. - The Ontario government is actively supporting the development of critical mineral production in Sudbury, with this funding being part of a broader strategy to enhance mineral recoveries and create jobs [2]. Group 2: Company and Industry Context - Magna Mining is a producing mining company with a focus on copper, nickel, and PGM projects in the Sudbury Region of Ontario, Canada, including the McCreedy West copper mine and several past-producing mines [6]. - The company aims to restart multiple mining operations and increase copper and nickel production in Sudbury over the next 3 to 4 years, supported by initiatives like the Critical Minerals Innovation Fund and the new C$500 million Critical Minerals Processing Fund [2].

Core Viewpoint - Copper Fox Metals Inc. is advancing its 100% owned Van Dyke in-situ copper recovery project towards the Prefeasibility Study stage, highlighting the project's potential social and financial benefits for the local community and the critical demand for copper [1][2]. Project Update - The company has completed an updated Mineral Resource Estimate and Preliminary Economic Assessment in 2020, using a base case copper price of US$3.15 per pound [2]. - The PEA indicated that a US$0.25 per pound increase in copper price could increase the after-tax NPV by approximately US$90 million, showcasing the project's sensitivity to copper prices [5]. - The project has significant exploration potential to increase mineral resources, leading to the recommendation to advance to the Prefeasibility Study stage [5]. Project Team - Copper Fox has assembled a project team led by Stantec, which will handle various aspects including mineral reserve estimates, mine design, environmental studies, and overall study management [3][6]. - Other contractors involved include Samuel Engineering for metallurgical testing, Bird Resource Consulting for mineral resource estimates, and RGC Hydro Services for project consulting [3]. Execution Plan - The company is adopting a phased approach to the Prefeasibility Study, starting with the preparation of an Execution Plan that outlines the scope, timing, and estimated costs of required programs and studies [6]. - The information from the Execution Plan will assist the Board in decision-making regarding the progression to the Prefeasibility Study stage [6]. Metallurgical Modelling - Samuel Engineering has begun preparing a preliminary geometallurgical model using Cancha Geometallurgy software to better understand the variability and distribution of soluble copper mineralogy [7]. - This modelling aims to identify geometallurgical domains and gaps in the current sample distribution, which will support future drilling and updated geometallurgical models [7]. Company Overview - Copper Fox is a Tier 1 Canadian resource company focused on copper exploration and development, with principal assets including the Van Dyke project in Arizona and other copper exploration projects in Canada and the United States [9].

Group 1 - Terra Metals Limited and Metalex Commodities Inc. have formed a joint venture named Lunda Resources to develop and operate the Mwinilunga copper mine in Zambia's Northwestern Province [1][2] - The initial investment for the project is 270 million Zambian Kwacha, with a total planned investment of 2.7 billion Zambian Kwacha for comprehensive mine construction, including copper ore processing systems [1] - The mine is expected to process up to 2 million tons of ore annually, producing approximately 100,000 tons of copper concentrate, copper cement, and cobalt precipitate [1] Group 2 - The partnership is seen as a milestone for both companies and the future of Zambia's mining sector, providing resources and international influence to responsibly scale operations and create local job opportunities [2] - The joint venture aims to provide low-emission, high-impact metals to the global market while promoting inclusive economic growth in Zambia [2] - The project is highlighted as a model of responsible international cooperation, reflecting the U.S. commitment to strengthening business ties with Zambia and supporting responsible investment in critical minerals [2] Group 3 - Terra Metals Limited is a local exploration and mining company in Zambia focused on developing critical minerals sustainably for the U.S. and allied markets [3] - Metalex Commodities Inc. is a U.S.-based metal company dedicated to supplying carbon-neutral critical metals produced in Africa to the global market [4] Group 4 - The joint venture has already employed 130 Zambians and plans to create an additional 400 jobs [4] - The initiative includes integrating up to 1,000 artisanal miners into the supply chain through fair procurement mechanisms [4] - A 10-megawatt solar power generation and storage facility is being designed to reduce emissions and fuel consumption [4] - Over 4.6 million Zambian Kwacha will be invested in water and sanitation projects benefiting more than 3,000 people [4] - The companies have committed to investing 27 million Kwacha annually in community development until 2030, collaborating with local chiefs [4]