Canaccord Genuity

Bear Creek Mining Corporation is an exploration-stage company headquartered in Vancouver, Canada, focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company primarily explores for silver, lead, zinc, gold, and copper deposits. Its flagship asset is the Corani project, which encompasses twelve mineral concessions over approximately 6,000 hectares located southeast of Cusco, Peru. Bear Creek Mining also fully owns the Mercedes Mine, reinforcing its position in the precious metals sector in Latin America. Established in 1999, the company aims to advance its mineral projects to capitalize on the growing demand for these resources.

O3 Mining is a Canadian gold exploration and mine development company, a subsidiary of the Osisko Group, focused on acquiring, exploring, and developing precious mineral deposits in Québec. The company holds a 100% stake in its extensive portfolio of properties, which spans 137,000 hectares and includes notable sites such as the Cadillac Break Properties, Marban Property, Alpha Property, Wydee Gold Property, and Matachewan Property. O3 Mining is dedicated to delivering superior returns to its shareholders while ensuring long-term benefits for its stakeholders.

Awalé Resources Limited is a junior gold exploration company focusing on an economic discovery in west African Birimian Greenstone belts in Côte d’Ivoire.

Li-FT Power is a mineral exploration company dedicated to the identification, acquisition, and exploration of early-stage lithium pegmatite projects in Canada. The company holds interests in several significant projects, including the Rupert Project, which spans 155,000 hectares, as well as the Pontax Project, Moyenne Project, and Lithium Yellowknife Project. Through its focused exploration efforts, Li-FT Power aims to advance its portfolio of lithium assets to contribute to the growing demand for lithium in various industries.

Arafura Resources Limited, established in 1997 and headquartered in Perth, Australia, specializes in mineral exploration and development within Australia. The company focuses on discovering and extracting rare earth deposits, along with tungsten, copper, and vanadium resources. Its primary project is the Nolans project, a significant rare earths-phosphate-uranium-thorium deposit located in the Northern Territory. This project supplies neodymium and praseodymium products crucial for various industries. Apart from exploration, Arafura also engages in mining infrastructure development and social-environmental feasibility assessments to ensure sustainable operations.

Nomad Royalty Company Ltd. is a gold and silver royalty company based in Montreal, Canada. The company acquires rights to a percentage of the gold or silver produced from various mining operations, typically securing these rights for the life of the mine. Nomad's portfolio consists of ten royalty, stream, and gold loan assets, which include properties such as Woodlawn, Blyvoor, Gualcamayo, and Suruca. Its operations span multiple geographical regions, including North America, South America, Africa, and Australia. By generating revenue through gold and silver streams, royalties, and gold prepay loans, Nomad positions itself as a key player in the mining sector, focusing on the acquisition of valuable production rights.

Frontier Lithium Inc. is a mining exploration company focused on the acquisition, exploration, and development of lithium and other rare metal resources in Canada. The company primarily holds a 100% interest in the PAK Lithium Project, which spans 26,774 hectares in northwestern Ontario. Frontier Lithium's expertise lies in exploring LCT (lithium-cesium-tantalum) classified pegmatites, and it aims to capitalize on the growing demand for lithium driven by the electric vehicle and consumer electronics markets. In addition to the PAK Lithium Project, Frontier Lithium's portfolio includes the Spark Deposit, Bolt Pegmatite, and Pennock Pegmatite. The company has also formed a strategic partnership with XPS Expert Process Solutions to refine spodumene concentrate into lithium hydroxide. Founded in 1995 and headquartered in Val Caron, Ontario, Frontier Lithium was previously known as Houston Lake Mining Inc. before rebranding in 2016.

Good Natured Products Inc is a manufacturer and distributor of a diverse range of eco-friendly products primarily made from renewable, plant-based materials. The company focuses on producing items that are free from harmful chemicals such as BPAs and phthalates, ensuring safety for both human health and the environment. With over 400 offerings, Good Natured operates across five main categories: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. Their product line includes home and business goods, food packaging, and medical supplies, catering to various markets through wholesale, direct-to-business, and retail channels. The company's mission emphasizes minimizing waste and reducing environmental impact while promoting a fresh and approachable brand image.

C3 Metals is an exploration company dedicated to creating shareholder value by identifying, acquiring, and exploring large-scale copper and gold assets in mining-friendly regions. The company focuses on discovering and developing substantial mineral deposits, with projects that include the Jasperoide project in Peru and several initiatives in Jamaica, such as Main Ridge, Arthur Seat, Bellas Gate, and Hungry Gully, as well as the Rogers Creek royalty project. C3 Metals operates exclusively within the sector of mineral resource exploration and development.

Pan Global Resources is focused on the exploration and development of precious and base metals in southern Spain, particularly copper and tin. The company is actively pursuing opportunities in the early stages of resource development, with its flagship Escacena Project situated in the Iberian Pyrite Belt. Recently, Pan Global Resources entered into an agreement with Minera Águila S.L. to explore a potential new iron-oxide copper district. This initiative aims to test a significant geological structure identified by high-level multi-phase quartz-hematite breccia, which has shown copper indications and features small mine workings. Through these efforts, the company seeks to advance its exploration activities and capitalize on the mineral potential of the region.

Greenland Resources Inc. is a Canadian junior resource company dedicated to the acquisition, exploration, and development of mineral properties in Greenland. Its primary focus is the Malmbjerg molybdenum project, a significant Climax-type pure molybdenum deposit located in eastern Greenland, which spans an area of 11 square kilometers and is situated near tidewater. Established in 2008 and headquartered in Toronto, the company was previously known as Primera Bioscience Research Inc. before rebranding in June 2014. Greenland Resources operates under the regulations of the Ontario Securities Commission, maintaining a commitment to advancing its mineral exploration initiatives in the region.

Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa that can be developed in phases to reduce capital expenditure requirements. The deposit is situated 85 km east of the capital city, adjacent to an international highway. The Company announced the highlights of its NI 43-101 Compliant Bomboré Feasibility Study in April 2015 and submitted its application for a mining permit in May 2015. Pending permitting and full project financing, production could commence as early as the end of 2017. The Company's mission is to create wealth for its stakeholders by discovering and mining the earth's resources in an efficient, responsible manner.

Bear Creek Mining Corporation is an exploration-stage company headquartered in Vancouver, Canada, focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company primarily explores for silver, lead, zinc, gold, and copper deposits. Its flagship asset is the Corani project, which encompasses twelve mineral concessions over approximately 6,000 hectares located southeast of Cusco, Peru. Bear Creek Mining also fully owns the Mercedes Mine, reinforcing its position in the precious metals sector in Latin America. Established in 1999, the company aims to advance its mineral projects to capitalize on the growing demand for these resources.

Denison Mines Corp is a uranium exploration and development company based in Canada, primarily focused on the Athabasca Basin region of northern Saskatchewan. The company holds a 95% interest in the Wheeler River Uranium Project, recognized as the largest undeveloped uranium project in the eastern part of the Athabasca Basin. In addition to its exploration and development activities, Denison Mines is involved in mine decommissioning and environmental services through its Closed Mines group. This division manages reclamation projects in Elliot Lake and offers third-party post-closure mine care and maintenance services.

Aurania Resources is a junior exploration mining company focused on the identification, evaluation, acquisition, and exploration of mineral properties, primarily targeting precious metals and copper. The company's flagship asset is the Lost Cities – Cutucu Project, situated in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range in southeastern Ecuador. Established in 2007 and based in Toronto, Canada, Aurania Resources was previously known as Urania Resources Ltd. and rebranded in March 2012. The company also holds mineral interests in Peru and Switzerland, further expanding its exploration portfolio.

OceanaGold Corporation is a multinational gold and copper producer with over 24 years of sustainable operations in New Zealand, the Philippines, and El Salvador. The company’s flagship asset is the Didipio mine in the northern Philippines, which began commercial production in 2013 and is projected to operate until 2030. In New Zealand, OceanaGold manages the largest gold operation at the Macraes Goldfield, along with additional sites in Reefton and Waihi. The company emphasizes environmental stewardship and community engagement, actively collaborating with stakeholders to create opportunities and ensure a positive legacy that extends beyond the mining life cycle. OceanaGold’s portfolio includes four operating mines, showcasing its commitment to responsible resource development and operational efficiency.

NexGold Mining is a gold-focused exploration-stage company based in Canada. It is primarily engaged in the exploration and evaluation of mineral resources, with a particular emphasis on its Goliath Gold Complex, which is located in northwestern Ontario. NexGold's Goliath Gold Complex has recently received federal government approval to advance toward final authorizations and licensing, following a successful environmental assessment process. This project is anticipated to become one of Canada's next producing gold mines. In addition to the Goliath Gold Complex, the company also holds the Goldlund and Miller Gold Projects, further solidifying its presence in the region's mining sector.

Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

RosCan Gold Corporation is a Canadian gold exploration company dedicated to the acquisition, exploration, and development of gold properties in West Africa. It holds five option agreements for a 100% interest in six contiguous gold prospective permits encompassing 254 square kilometers in Mali. The company's focus includes the Dormaa Property in Ghana, which is part of a joint venture with Pelangio Exploration Inc. RosCan Gold has established a significant land position in regions known for existing gold mines and deposits, particularly around its Kandiole Project in West Mali. The company, formerly known as Roscan Minerals Corporation, rebranded in September 2018 and is headquartered in Bedford, Canada.

Denison Mines Corp is a uranium exploration and development company based in Canada, primarily focused on the Athabasca Basin region of northern Saskatchewan. The company holds a 95% interest in the Wheeler River Uranium Project, recognized as the largest undeveloped uranium project in the eastern part of the Athabasca Basin. In addition to its exploration and development activities, Denison Mines is involved in mine decommissioning and environmental services through its Closed Mines group. This division manages reclamation projects in Elliot Lake and offers third-party post-closure mine care and maintenance services.

Bear Creek Mining Corporation is an exploration-stage company headquartered in Vancouver, Canada, focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company primarily explores for silver, lead, zinc, gold, and copper deposits. Its flagship asset is the Corani project, which encompasses twelve mineral concessions over approximately 6,000 hectares located southeast of Cusco, Peru. Bear Creek Mining also fully owns the Mercedes Mine, reinforcing its position in the precious metals sector in Latin America. Established in 1999, the company aims to advance its mineral projects to capitalize on the growing demand for these resources.

Stornoway Diamond Corporation is a prominent Canadian company focused on the mining, acquisition, and exploration of diamond properties. Established in 1986 and headquartered in Longueuil, Quebec, Stornoway's primary asset is the fully-owned Renard Mine, which is currently under construction and is set to become Quebec's first diamond mine. In addition to the Renard project, the company holds a portfolio of exploration assets across Canada, including properties and joint ventures such as Adamantin, Qilalugaq, and Pikoo. Stornoway aims to enhance its business through the continued exploration and development of its diamond mining operations.

Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa that can be developed in phases to reduce capital expenditure requirements. The deposit is situated 85 km east of the capital city, adjacent to an international highway. The Company announced the highlights of its NI 43-101 Compliant Bomboré Feasibility Study in April 2015 and submitted its application for a mining permit in May 2015. Pending permitting and full project financing, production could commence as early as the end of 2017. The Company's mission is to create wealth for its stakeholders by discovering and mining the earth's resources in an efficient, responsible manner.

Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

Renaissance Oil Corp. is an oil and gas company based in Vancouver, Canada, with a focus on the acquisition, exploration, and development of energy resources primarily in Mexico. The company holds interests in several blocks, including Mundo Nuevo, Topén, and Malva, all located in Chiapas, Mexico. These blocks encompass areas of 27.7 square kilometers, 25.3 square kilometers, and 21.2 square kilometers, respectively. Renaissance Oil is dedicated to establishing a diversified portfolio of shale gas and shale oil properties, actively investigating new prospects for oil and gas development. The company operates through various segments, including Canada and Mexico, and is known for its commitment to enhancing production capabilities in its key regions.

Mason Graphite Inc. is a Canadian mining and processing company focused on the development of high-grade graphite deposits. The company owns the Lac Guéret graphite property in northeastern Quebec, which spans 11,630 hectares and consists of 215 claims. Established in 2011 and headquartered in Laval, Mason Graphite is advancing a detailed study aimed at large-scale production of value-added graphite products. This includes processes such as micronization, purification, spheronization, and coating, which produce graphite suitable for various applications, including those in batteries, lubricants, and plastics. Mason Graphite collaborates with the National Research Council of Canada, COREM, and Hatch to enhance product development and manufacturing processes. The management team boasts over 20 years of experience in processing and marketing graphite and carbon products, particularly for the alkaline and lithium-ion battery industries.

SolGold is an exploration company dedicated to discovering and developing significant copper and gold deposits. With a focus on Ecuador, SolGold aims to leverage the country's mineral potential to support a net-zero future. The company employs a systematic and disciplined approach to the exploration of these valuable metals, working to identify and define world-class mining properties. Through its efforts, SolGold seeks to contribute to sustainable resource development while maximizing the economic benefits of its discoveries.

Northern Empire Resources Corp. is a natural resource company focused on the acquisition, exploration, and development of gold deposits in the United States. The company holds a 100% interest in several key projects, including the Sterling gold project in Nye County, Nevada, and the Richardson and Hilltop properties in Alaska, both located southeast of Fairbanks. The Richardson property spans approximately 11,300 hectares, while the Hilltop property covers about 12,600 hectares. Additionally, Northern Empire has interests in the Kiyuk property in southern Nunavut, which consists of over 490 square kilometers of mineral claims on Crown land. Established to expand and discover heap leachable gold deposits, the company offers mining and development services, enhancing its position in the precious metals sector. Northern Empire Resources Corp. is headquartered in Vancouver, Canada, and was formerly known as Prosperity Goldfields Corp.

Alopex Gold is a gold mining company that focuses on the identification, acquisition, exploration, and development of gold properties in Greenland. It is the owner of the Nalunaq gold mine, located in Kirkespirdalen in South Greenland.

Aguia Resources Limited is a mineral exploration and development company based in Sydney, Australia, primarily focused on phosphate and copper projects in Brazil. Established in 2007, the company operates several key projects, including the Três Estradas property in Rio Grande do Sul, which is notable for its carbonatite-hosted phosphate deposits. Additionally, Aguia Resources has other projects such as the Lucena Phosphate Project and the Rio Grande Project, which encompasses multiple phosphate deposits. The company holds exploration permits for approximately 1,573 square kilometers of land across the states of Rio Grande do Sul, Paraiba, and Minas Gerais, highlighting its commitment to advancing mineral resource development in Brazil.

Cartier Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of mining properties, primarily targeting gold deposits. Founded in 2006 and headquartered in Val-d'Or, Quebec, the company operates within the prolific Abitibi Gold Belt. Its flagship project is the Chimo mine property, located east of Val-d'Or. In addition to Chimo, Cartier Resources holds several other projects, including Benoist, Fenton, Wilson, Cadillac Extension, Dollier, and MacCormack, all aimed at discovering and developing valuable mineral resources.

Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

AuRico Metals Inc. is a mining development and royalty company based in Toronto, Canada. Established in 2015, it specializes in precious metals, primarily gold and copper. The company holds interests in several significant mining projects, including the Young-Davidson mine, Williams mine, Eagle River mine, and various early-stage properties in the Red Lake district of Canada. Additionally, AuRico has interests in the Fosterville and Stawell mines located in Victoria, Australia. Its portfolio includes producing gold royalty assets, such as a 1.5% NSR royalty on the Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine, and a 0.5% NSR royalty on the Eagle River Mine. AuRico Metals operates as a subsidiary of Centerra Gold Inc. as of January 2018.

Canadian Zinc Corporation is a development stage company based in Vancouver, British Columbia, focused on the exploration and development of natural resource properties. The company is engaged in identifying and advancing mineral projects, particularly in the mining sector. With a seasoned executive team and board, Canadian Zinc aims to enhance its resource portfolio and unlock value through strategic exploration initiatives.

Sabina Gold & Silver Corp. is a precious metals exploration and development company based in Vancouver, Canada. Focused primarily on gold deposits, the company is advancing its flagship Back River gold project, which encompasses several properties, including Goose, George, Boulder, and Boot, along with a port facility at Bathurst Inlet in southwestern Nunavut. Additionally, Sabina holds a silver royalty on the Hackett River project, located within a 10,637-hectare area in Nunavut. Founded in 1966 and originally named Sabina Silver Corporation, the company rebranded in 2009 to reflect its broader focus on gold. Sabina Gold & Silver is committed to becoming a significant gold producer through the phased development of its mineral assets in politically stable mining jurisdictions.

Alexco Resource Corp is a mining company focused on mineral exploration and mine development, primarily in the Yukon Territory of Canada. The company owns the historic Keno Hill Silver District, which includes several high-grade silver prospects. Notably, the Bellekeno silver mine, once one of the world's highest-grade silver mines, operated from 2011 to 2013 and is currently in interim suspension for cost reduction and long-term sustainability planning. Alexco is actively exploring other promising deposits within the district, including Flame & Moth and Bermingham. In addition to mining activities, Alexco provides environmental services, remediation technologies, and reclamation and mine closure services through its wholly-owned division, the Alexco Environmental Group.

Canadian Zinc Corporation is a development stage company based in Vancouver, British Columbia, focused on the exploration and development of natural resource properties. The company is engaged in identifying and advancing mineral projects, particularly in the mining sector. With a seasoned executive team and board, Canadian Zinc aims to enhance its resource portfolio and unlock value through strategic exploration initiatives.

Bellatrix Exploration Ltd is a Canada-based oil and gas company engaged in the exploration, acquisition, development, and production of oil and natural gas reserves, primarily in Alberta, British Columbia, and Saskatchewan. The company focuses on two key resource plays: the Cardium and the Notikewin/Falher intervals, both located in the Western Canada Sedimentary Basin. The Notikewin/Falher play is known for its abundant, liquids-rich natural gas, offering compelling economic advantages, while the Cardium play is recognized for its potential to significantly increase reserves and production, thereby providing long-term economic value. Through these strategic initiatives, Bellatrix aims to maximize its revenue from the sale of oil and natural gas.

Bellatrix Exploration Ltd is a Canada-based oil and gas company engaged in the exploration, acquisition, development, and production of oil and natural gas reserves, primarily in Alberta, British Columbia, and Saskatchewan. The company focuses on two key resource plays: the Cardium and the Notikewin/Falher intervals, both located in the Western Canada Sedimentary Basin. The Notikewin/Falher play is known for its abundant, liquids-rich natural gas, offering compelling economic advantages, while the Cardium play is recognized for its potential to significantly increase reserves and production, thereby providing long-term economic value. Through these strategic initiatives, Bellatrix aims to maximize its revenue from the sale of oil and natural gas.

Kaminak Gold is a Canada-based exploration-stage company dedicated to the advancement of its Coffee Gold Project, which it wholly owns. The Coffee Gold Project is recognized as a multi-million ounce, high-grade oxide gold district located in the Yukon Territory, Canada, south of Dawson City. The project is particularly notable for its potential for heap leaching, making it a significant asset in the company's portfolio as it seeks to develop mineral properties within this promising region.

Mercator Minerals is a natural resource company focused on metal mining, primarily involved in the exploration, extraction, and production of copper and molybdenum. The company operates the Mineral Park mine near Kingman, Arizona, which is a significant producer of copper and molybdenum. In addition, Mercator Minerals is advancing its exploration and development projects in Mexico, including El Pilar, a copper project, and El Creston, a molybdenum project. Through its efficient extraction and processing methods, the company plays a crucial role in the supply chain of essential metals, contributing to the growing demand in various industries. Its operations highlight a strategic focus on mineral properties in both the United States and Mexico.

Kaminak Gold is a Canada-based exploration-stage company dedicated to the advancement of its Coffee Gold Project, which it wholly owns. The Coffee Gold Project is recognized as a multi-million ounce, high-grade oxide gold district located in the Yukon Territory, Canada, south of Dawson City. The project is particularly notable for its potential for heap leaching, making it a significant asset in the company's portfolio as it seeks to develop mineral properties within this promising region.

Bellatrix Exploration Ltd is a Canada-based oil and gas company engaged in the exploration, acquisition, development, and production of oil and natural gas reserves, primarily in Alberta, British Columbia, and Saskatchewan. The company focuses on two key resource plays: the Cardium and the Notikewin/Falher intervals, both located in the Western Canada Sedimentary Basin. The Notikewin/Falher play is known for its abundant, liquids-rich natural gas, offering compelling economic advantages, while the Cardium play is recognized for its potential to significantly increase reserves and production, thereby providing long-term economic value. Through these strategic initiatives, Bellatrix aims to maximize its revenue from the sale of oil and natural gas.

Bear Creek Mining Corporation is an exploration-stage company headquartered in Vancouver, Canada, focused on the acquisition, exploration, and development of precious and base metal properties in Peru. The company primarily explores for silver, lead, zinc, gold, and copper deposits. Its flagship asset is the Corani project, which encompasses twelve mineral concessions over approximately 6,000 hectares located southeast of Cusco, Peru. Bear Creek Mining also fully owns the Mercedes Mine, reinforcing its position in the precious metals sector in Latin America. Established in 1999, the company aims to advance its mineral projects to capitalize on the growing demand for these resources.

Green Shift Commodities is a Canadian-based exploration company focused on the exploration of uranium and related minerals in South America. The company is establishing the Berlin Deposit in Colombia, which contains not only uranium for clean nuclear energy but also essential battery materials such as nickel, phosphate, and vanadium. Phosphate, in particular, plays a critical role in lithium-ion ferro-phosphate batteries, which are increasingly utilized by electric vehicle manufacturers. With operations in Canada, Colombia, and Argentina, Green Shift Commodities is positioned to contribute to the growing demand for sustainable energy solutions.

Bellatrix Exploration Ltd is a Canada-based oil and gas company engaged in the exploration, acquisition, development, and production of oil and natural gas reserves, primarily in Alberta, British Columbia, and Saskatchewan. The company focuses on two key resource plays: the Cardium and the Notikewin/Falher intervals, both located in the Western Canada Sedimentary Basin. The Notikewin/Falher play is known for its abundant, liquids-rich natural gas, offering compelling economic advantages, while the Cardium play is recognized for its potential to significantly increase reserves and production, thereby providing long-term economic value. Through these strategic initiatives, Bellatrix aims to maximize its revenue from the sale of oil and natural gas.