TD Securities

Superior Plus Corp. is a Canadian-based company that operates in the energy distribution and specialty chemicals sectors across Canada, the United States, and Chile. The company is organized into three primary segments: U.S. Propane, Canadian Propane, and Wholesale Propane, with the U.S. segment generating the majority of its revenue. Superior Plus provides a range of services including the wholesale procurement and distribution of propane, heating oil, and other refined fuels. Additionally, its Specialty Chemicals segment supplies essential chemicals such as sodium chlorate for the pulp and paper industries, as well as potassium and chlor-alkali products. Founded in 1996 and headquartered in Toronto, Superior Plus aims to deliver long-term stable dividends and value-based growth to its shareholders.

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.

Sabina Gold & Silver Corp. is a mining company based in Vancouver, Canada, focused on the exploration and development of precious metal resources, primarily gold. The company's main assets include the Back River gold project, which encompasses several properties such as 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, which spans over 10,600 hectares in Nunavut. Established in 1966, the company aims to become a significant gold producer through the phased development of its projects in politically stable mining regions.

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.

New Gold Inc. is an intermediate gold producer engaged in the development and operation of mining properties. The company has a diverse portfolio of assets located in the United States, Mexico, Australia, Canada, and Chile. Its primary assets include the Rainy River Mine and the New Afton Mine in Canada, as well as the Cerro San Pedro Mine in Mexico. New Gold generates revenue from the sale of gold, copper, and silver, leveraging its global presence to enhance its operational capabilities and market reach.

Sama Resources Inc. is a mineral exploration and development company focused on the Samapleu Nickel-Copper project located in Ivory Coast, West Africa. The company is managed by a team of experienced industry professionals with a proven track record in resource discovery. Sama Resources is dedicated to exploring and developing its Samapleu properties, which also encompass Platinum Group of Elements resources, to capitalize on the growing demand for these minerals. In addition to its operations in West Africa, the company holds exploration assets in Canada, positioning itself to leverage opportunities in diverse markets.

Mason Resources is a Canadian mining and mineral processing company focused on the development of what management believes to be one of the highest grade graphite deposits known in the world. The 100% owned Lac Guéret graphite project is located in northeastern Québec, Canada. The company is also advancing a detailed study for large scale production of value-added graphite products, which was initiated in 2015. Such 2nd transformation includes micronization, additional purification, spheronization and coating, resulting in graphite products suitable for a wide range of technical applications (including carbon brushes, brake linings, plastics and lubricants), electrochemical applications (including alkaline batteries, Li-ion batteries and fuel cells), as well as other specialized uses. Mason Graphite has been working on product development and manufacturing processes with the National Research Council of Canada (NRC), COREM and Hatch. The management team has more than 20 years of experience in processing and marketing different types of graphite and other carbon products to the alkaline and Li-ion battery industries.

Trevali Mining Corporation is a base-metals mining company focused on the acquisition, exploration, development, and production of mineral properties, primarily targeting zinc, lead, silver, gold, and copper deposits. The company operates several key assets, including the Perkoa Mine in Burkina Faso, the Rosh Pinah Mine in Namibia, and the Caribou Mine in New Brunswick, Canada, which is currently undergoing commissioning. Additionally, Trevali produces zinc and lead-silver concentrates at its Santander Mine in Peru. The company was incorporated in 1964 and is headquartered in Vancouver, 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.

Mason Resources is a Canadian mining and mineral processing company focused on the development of what management believes to be one of the highest grade graphite deposits known in the world. The 100% owned Lac Guéret graphite project is located in northeastern Québec, Canada. The company is also advancing a detailed study for large scale production of value-added graphite products, which was initiated in 2015. Such 2nd transformation includes micronization, additional purification, spheronization and coating, resulting in graphite products suitable for a wide range of technical applications (including carbon brushes, brake linings, plastics and lubricants), electrochemical applications (including alkaline batteries, Li-ion batteries and fuel cells), as well as other specialized uses. Mason Graphite has been working on product development and manufacturing processes with the National Research Council of Canada (NRC), COREM and Hatch. The management team has more than 20 years of experience in processing and marketing different types of graphite and other carbon products to the alkaline and Li-ion battery industries.

Semafo is a Canadian mining company focused on gold production and exploration in Burkina Faso. Established in 1995, the company has successfully commissioned three gold mines in the region, with its primary operations located at the Boungou and Mana sites. The Mana project, which includes the Siou deposit, has become a significant part of Semafo's portfolio, contributing to its status as one of the largest gold mines in Burkina Faso. Semafo is committed to sustainable development, emphasizing community engagement through its non-profit Semafo Foundation, which focuses on education, healthcare, and income-generating initiatives. The company has a strong track record of exploration and resource development across its extensive land position in West Africa, totaling approximately 7,600 square kilometers. With a commitment to ethical practices and operational excellence, Semafo continues to pursue future growth opportunities while maintaining a focus on responsible mining and community welfare.

Secure Energy Services Inc. is a provider of innovative and environmentally responsible solutions for the oil and gas industry, specializing in fluids and solids management. The company operates through three main segments: Environmental Waste Management, Energy Infrastructure, and Oilfield Services. Its Environmental Waste Management segment is the primary revenue generator, featuring a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer services, and metal recycling operations. The Energy Infrastructure segment encompasses crude oil gathering pipelines and terminals, facilitating the processing, storage, shipping, and marketing of crude oil. Additionally, Secure Energy Services offers water treatment and disposal solutions, positioning itself as a comprehensive service provider for upstream oil and natural gas companies.

NexGen Energy Ltd. is a Canadian mineral exploration and development company focused on uranium properties. Headquartered in Vancouver, the company primarily operates within the Athabasca Basin in Saskatchewan, where it holds a 100% interest in its flagship Rook I project. This project encompasses 32 contiguous mineral claims covering 35,065 hectares and includes significant discoveries such as the Arrow Zone, the Bow discovery, and the Harpoon area. NexGen Energy is dedicated to the acquisition, exploration, evaluation, and development of uranium resources, positioning itself as a key player in the uranium sector.

Parex Resources Inc. is involved in the exploration, development, production, and marketing of crude oil and natural gas, primarily focusing on operations in Colombia. The company employs advanced technologies from the Western Canada Sedimentary Basin to enhance its activities in South American basins known for their significant oil reserves. Parex is committed to sustainable growth, aiming to increase its reserves, production, and cash flow while being mindful of environmental and community impacts. The majority of its revenue is generated from its Colombian operations, where it is required to pay royalties and taxes to the government. Additionally, Parex maintains a presence in Canada, diversifying its operational focus.

Tahoe Resources acquires, explores for, develops, and operates mineral properties in the Americas together with its subsidiaries. It explores for silver, gold, lead, zinc, and copper deposits, as well as precious metals assets. Tahoe Resources holds interest in the La Arena gold mine located in the Huamachuco district of northern Peru; Shahuindo mine located in the province of Cajabamba in northern Peru; and La Arena II, a copper-gold porphyry deposit located in Peru. It also holds interest in the Timmins mines, including the Bell Creek and Timmins West mines, the Fenn-Gib project, the Juby project, the Vogel project, and the Gold River project located in Timmins, Ontario. C. Kevin McArthur founded CKM Resources in 2009 that became Tahoe Resources in January 2010. Its headquarters is in Reno in Nevada.

Secure Energy Services Inc. is a provider of innovative and environmentally responsible solutions for the oil and gas industry, specializing in fluids and solids management. The company operates through three main segments: Environmental Waste Management, Energy Infrastructure, and Oilfield Services. Its Environmental Waste Management segment is the primary revenue generator, featuring a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer services, and metal recycling operations. The Energy Infrastructure segment encompasses crude oil gathering pipelines and terminals, facilitating the processing, storage, shipping, and marketing of crude oil. Additionally, Secure Energy Services offers water treatment and disposal solutions, positioning itself as a comprehensive service provider for upstream oil and natural gas companies.

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.

Hudbay is a Canadian integrated mining company engaged in the production of copper concentrate, molybdenum concentrate, and zinc metal. The company operates three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru. Additionally, Hudbay has copper projects in Arizona and Nevada, United States. The company's primary focus is on the discovery, production, and marketing of base and precious metals, with a significant portion of its revenue derived from copper operations. Hudbay markets its copper concentrates to smelters in Asia, America, and Europe, while zinc metal represents its second largest revenue source. The company is committed to responsible mining practices and aims to create sustainable value through the development and operation of high-quality mineral deposits, benefiting the regions and communities where it operates.

NuVista Energy Ltd. is a Calgary-based company engaged in the exploration, development, and production of condensate, oil, and natural gas reserves within the Western Canadian Sedimentary Basin. The company primarily focuses on the condensate-rich Montney formation located in the Wapiti area of the Alberta Deep Basin. Established in 2003, NuVista has transformed its operations by emphasizing the development of its valuable Wapiti Montney play, which significantly contributes to its hydrocarbon production. Condensate, which constitutes nearly half of the company's sales, plays a crucial role in the heavy oil industry by enhancing the viscosity required for pipeline transportation. To support its production capabilities, NuVista operates compressor and dehydration stations, further optimizing its service assets in the region. The company has also made strides in financial management, reducing long-term debt substantially, which allows for continued investment in its core operations and growth opportunities.

Secure Energy Services Inc. is a provider of innovative and environmentally responsible solutions for the oil and gas industry, specializing in fluids and solids management. The company operates through three main segments: Environmental Waste Management, Energy Infrastructure, and Oilfield Services. Its Environmental Waste Management segment is the primary revenue generator, featuring a network of waste processing facilities, produced water pipelines, industrial landfills, waste transfer services, and metal recycling operations. The Energy Infrastructure segment encompasses crude oil gathering pipelines and terminals, facilitating the processing, storage, shipping, and marketing of crude oil. Additionally, Secure Energy Services offers water treatment and disposal solutions, positioning itself as a comprehensive service provider for upstream oil and natural gas companies.

Parex Resources Inc. is involved in the exploration, development, production, and marketing of crude oil and natural gas, primarily focusing on operations in Colombia. The company employs advanced technologies from the Western Canada Sedimentary Basin to enhance its activities in South American basins known for their significant oil reserves. Parex is committed to sustainable growth, aiming to increase its reserves, production, and cash flow while being mindful of environmental and community impacts. The majority of its revenue is generated from its Colombian operations, where it is required to pay royalties and taxes to the government. Additionally, Parex maintains a presence in Canada, diversifying its operational focus.

Hudbay is a Canadian integrated mining company engaged in the production of copper concentrate, molybdenum concentrate, and zinc metal. The company operates three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru. Additionally, Hudbay has copper projects in Arizona and Nevada, United States. The company's primary focus is on the discovery, production, and marketing of base and precious metals, with a significant portion of its revenue derived from copper operations. Hudbay markets its copper concentrates to smelters in Asia, America, and Europe, while zinc metal represents its second largest revenue source. The company is committed to responsible mining practices and aims to create sustainable value through the development and operation of high-quality mineral deposits, benefiting the regions and communities where it operates.