Paradigm Capital

Congratulations to Rio2 Limited (TSXV:RIO) on closing its upsized $63 million public offering and $5 million private placement. Paradigm acted as agent on the public offering.

Congratulations to GoldShore Resources (TSXV:GSHR) on closing its private placement flow-through financing of $13.9 million.    Paradigm acted as an agent on the offering.

Congratulations to Founders Metals Inc. (TSXV:FDR) on closing its C$20 million upsized bought deal offering.     Paradigm acted as an underwriter on the offering. 

Congratulations to Greenheart Gold (TSXV:GHRT) on closing its C$36 million upsized bought deal offering.     Paradigm acted as co-lead underwriter and joint bookrunner on the offering. 

Congratulations to Arizona Sonoran Copper Company Inc. (ASCU:TSX | ASCUF:OTCQX) on closing its C$34.5 million upsized bought deal offering.    Paradigm acted as co-lead underwriter and joint bookrunner on the offering. 

Paradigm is pleased to support the 2024 Cantech Letter Conference as a Gold Level Sponsor. We have been partnering with technology companies for over 20 years and are proud to have our Technology Research Analyst, Daniel Rosenberg, on the keynote panel this morning discussing his top picks in the Canadian technology sector. Come find him, Barry C. Richards, and other members of our team during the conference. Also, make sure to catch presentations from our technology coverage, including WELL Health Technologies Corp. (TSX: WELL), VitalHub Corp., Wishpond (TSXV:WISH), and Sabio Holdings.

At Paradigm, we support community organizations making an outsized impact in the communities where we work, live, and play. Members of our team recently rode with The Spinning Wheels Relay, a coast-to-coast cycling tour inspiring people living with Parkinson’s to stay active and raising money for local community support programs. Canada has the highest per capita rate of Parkinson’s diagnosis globally, impacting the lives of more than 100,000 Canadians. Our team rode hard from Hamilton to Port Credit, enjoying the beautiful weather and meeting the incredible community who came out to support this great cause. Learn more at https://lnkd.in/eUQamHDp

Technical Analysis: Our Q4 quarterly outlook, titled “Goldilocks & the Three Bulls” takes a deep dive into cross-asset risk appetite indicators, macro conditions, asset allocation trends, industry group setups, sector rotation, currencies, and commodities. We discuss the impact of China’s stimulus measures on commodity trends and global breadth global breadth conditions, as well as identify themes that we think are poised to outperform into year-end.   Reach out to your Paradigm sales rep or Aazan Habib, CFA, CMT to request a meeting as we market the report over the next month. 

The TSX Small Cap Index is on the cusp of completing a secular basing pattern as it starts to break out of a resistance zone marked by the 2007, 2011, and 2021 highs. The current setup is favorable since the mini, higher, base from 2022-2024 increases the probability of a successful breakout. It is also underpinned by fresh long-term momentum buy signals as well as underlying breadth expansion (more names are moving into uptrends as the benchmark approaches new highs, confirming the move). The magnitude and duration of a trend is usually proportionate to the preceding base. In this case, we have a 17-year basing pattern, which suggests potential for a powerful move on a breakout.   For more detail on what is driving this action and how to play it, reach out to Aazan Habib, CFA, CMT to schedule a meeting and request a copy of our latest Rotation Report, which delves deep into the internals of the Canadian small/micro cap market. 

We are looking forward to spending this week with friends, colleagues, and clients at the 2024 Precious Metals Summit Conferences, LLC Beaver Creek. We have been partnering with early-stage exploration, development, and emerging producers in gold and precious metals for over 20 years and are proud to continue supporting this event. Come find members of our research (Lauren McConnell, Don Blyth, and Don MacLean), sales (Craig Mills, Matt Doty, and John Bellamy) and banking (Alex MacIsaac) teams throughout the conference.