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Results 🎉 CEM Bermuda 2025

Top Picks, Featured Standouts and Market Movers from the Investor Breakout Exchange at the CEM 2025 Bermuda Capital Event

CEM Bermuda Delivered Diversity and Deal Velocity For Investors Ready To Move

Tuning out the noise and market whiplash driven by Trump-era uncertainty, investors at last weekend’s CEM Bermuda Capital Event locked in on what really matters — performance, execution, and opportunity.

Against a backdrop of global volatility, the mood on the ground at the Fairmont Hamilton Princess was clear-eyed and optimistic as investors leaned into strategy and results.

“This was our most diverse show yet … from AI and crypto to mining and renewables, the variety of issuers created a real glimpse into the sectors and deal flow driving this market,” said Ryan Iverson, CEM partner and Portfolio Manager.    

“There’s renewed urgency in the small cap market but it’s smart urgency … investors are backing strong management, clean structures, and companies that know how to execute … the distractions, especially U.S. political noise, are losing traction for the time being.”

That uptick in momentum was echoed by issuers, investors, and capital market professionals, many of whom noted a surge in financing activity and liquidity over the past six weeks.

This theme carried directly into the Investor Breakout Exchange (IBE), where a curated group of portfolio managers, analysts, and dealmakers selected this year’s Top Picks and Honourable Mentions. Spanning market caps, industries, and geographies, the IBE selections reflected where capital is heading next, and why.

Here’s your exclusive early insight from the IBE at CEM’s 2025 Bermuda Capital Event:

Top Picks

These are the Top 5 picks from the Investor Breakout Exchange in Bermuda:

Private

Laiva Gold Inc.

Laiva Gold Inc. is a Canadian mining company advancing one of Europe’s most significant undeveloped gold assets. Spun out from Pilar Gold Inc. in 2023, Laiva owns the fully permitted Laiva Mine in Finland, which is an open pit operation supported by a 6,000 tonnes-per-day state-of-the-art plant and a historical 2Moz gold resource (M&I&I). With production targeted to commence in 2025, the company is projecting an initial output of 50,000 oz annually, ramping up to 80,000 oz in the medium term. Backed by a board of seasoned mining and capital markets professionals, Laiva Gold is positioned for a near-term public listing and poised to deliver strong value from a strategic European jurisdiction with exceptional infrastructure.

Why it was picked:

  • With gold hovering above $3,300/oz and up over 25% year-to-date, Laiva Gold offers direct exposure to elevated margins. The company’s planned 2025 production start allows investors to capitalize quickly on one of the strongest gold markets in history, making it a high-upside opportunity in a bullish commodity cycle.
  • Laiva’s flagship mine in Finland is home to Europe’s largest gold processing plant (6,000 tpd) and a proven open-pit setup. This turnkey operation allows for rapid, cost-effective production ramp-up, without the risks or delays of greenfield development, creating a clear path to near-term cash flow and value creation.
  • Through its reverse takeover with Edgemont Gold Corp and a concurrent $7.5M private placement, Laiva is unlocking capital markets access, enhanced liquidity, and funding for production and exploration. These corporate developments position Laiva to scale rapidly and attract institutional attention as a newly listed gold producer.

TSX: EPRX | NASDAQ: EPRX

Eupraxia Pharmaceuticals Inc.

Eupraxia Pharmaceuticals is a clinical-stage biotech company pioneering targeted, extended-release therapies to address serious unmet medical needs. Its proprietary DiffuSphere™ technology delivers drugs directly to affected tissues with sustained effect, minimizing systemic exposure and potential side effects. The platform aims to enhance the efficacy, safety, and duration of both novel and FDA-approved drugs. Eupraxia is advancing EP-104GI for eosinophilic esophagitis (EoE) in Phase 1b/2a trials, and EP-104IAR for knee osteoarthritis pain, which met key endpoints in a successful Phase 2b trial. With a pipeline targeting inflammatory diseases, oncology, and infectious conditions, Eupraxia’s precision delivery approach could reshape how localized therapies are developed and deployed.

Why it was picked:

  • Eupraxia Pharmaceuticals’ lead asset, EP-104GI, continues to show strong promise for treating Eosinophilic Esophagitis (EoE), with nine-month data from its Phase 1b/2a RESOLVE trial confirming sustained benefit from a single dose and no serious adverse events. Backed by earlier positive data and a strong safety profile, the results reinforce the potential of Eupraxia’s extended-release platform.
  • As of March 31, 2025, Eupraxia held $27.5 million in cash, providing 5–6 quarters of funding and flexibility through in-the-money warrants.
  • The return of CFO Alex Rothwell brings over 25 years of capital markets expertise, while the company actively manages risks, including potential U.S.-Canada tariffs and currency fluctuations, by maintaining U.S. dollar reserves. This combination of clinical momentum, financial stability, and operational foresight positions Eupraxia for continued progress.

TSXV: MATA

Matador Technologies Inc.

Matador Technologies Inc. is a fintech innovator digitizing real-world assets — starting with gold — on the Bitcoin network. Its 24/7 digital gold platform enables users to securely buy, sell, and store gold with transparency and ease. As the only public proxy for assets built on Bitcoin, Matador stands out in the blockchain space. The company has raised $15 million in equity and employs a self-sustaining model: reinvesting product revenue to grow its Bitcoin treasury without additional capital raises. Backed by a team with deep expertise in Bitcoin, traditional finance, and asset tokenization, Matador is building the bridge between conventional markets and blockchain’s next frontier.

Why it was picked:

  • Matador stands out as the only public company focused on building and holding real-world assets — starting with gold — on the Bitcoin network. Its flagship Digital Gold Platform allows users to buy, sell, and store gold 24/7, combining the transparency and security of blockchain with the enduring value of gold. This positions Matador at the forefront of bridging traditional assets and decentralized finance, offering investors exposure to both gold and Bitcoin through a single, innovative platform.
  • In 2025, Matador raised over $4.5M and expanded into India via a strategic stake in Hodl Systems. Backed by UTXO Management, Arrington Capital, Kitco Metals, and Gold Fields, the company is extending its reach across global digital asset markets.
  • Matador holds 69 BTC and operates a debt-free, revenue-driven model that reinvests product income into its Bitcoin treasury. This strategy increases Bitcoin per share (BPS) over time, delivering non-dilutive, long-term value to shareholders.

Private

Dias AI

Dias AI is redefining enterprise AI with its powerful platform, DataQI, built to turn company data into real business results. Tailored for industries like manufacturing and healthcare, DataQI combines domain-specific analytics, smart chat assistants, and AI agents that automate complex workflows, helping organizations make faster decisions and improve efficiency. With over 150 integrations and flexible deployment (cloud or on-premise), it meets strict enterprise data security and privacy requirements. Unlike generic tools, Dias AI is built for real-world use and is already generating revenue from paying customers. Backed by strategic partnerships with Cisco and NVIDIA and operating in a market set to hit $13B in 2025, Dias AI is a proven, ready-to-scale platform for the AI-first enterprise era.

Why it was picked:

  • Dias AI’s leadership has a stellar history of building and exiting high-growth tech companies (Pivot, Converge, Quisitive), collectively generating over $5B in exit value, demonstrating deep execution capabilities.
  • Unlike many AI startups still in pilot phase, DataQI is already deployed with enterprise customers, recognized as a top AI partner by Cisco and NVIDIA, and supported by a robust $14M pre-launch pipeline.
  • Dias AI leverages a powerful network of IT resellers (VARs) and OEMs to drive rapid adoption. Every $5M in software sales is expected to translate into $50M in equity value, positioning Dias AI as a scalable, high-margin platform riding the AI agent wave.

TSXV: ALDE

Aldebaran Resources Inc.

Aldebaran Resources Inc. is a copper-gold exploration company advancing the Altar project in San Juan, Argentina, one of the world’s largest undeveloped copper deposits. The 2024 resource estimate outlines 22.01 billion lbs of copper, 5.08 million oz of gold, and 93.76 million oz of silver in the Measured and Indicated categories, plus 9.83 billion lbs copper, 1.71 million oz gold, and 49.04 million oz silver in Inferred. Spun out from Regulus Resources in 2018, Aldebaran is led by a proven team with strong Latin American expertise. Backed by South32, Route One, and Rio Tinto’s Nuton, the company is targeting a 2025 PEA and 2026 PFS amid surging copper demand and a looming global supply gap.

Why it was picked:

  • Aldebaran’s flagship Altar project in Argentina hosts over 30 billion pounds of copper, 6.8 million ounces of gold, and 142 million ounces of silver across Measured, Indicated, and Inferred categories. This massive scale positions Altar among the largest undeveloped copper-gold projects globally, offering exceptional long-term value potential for investors seeking large, high-quality mineral assets.
  • Aldebaran has secured a major strategic alliance with Nuton, a Rio Tinto venture, unlocking up to US$250 million in funding and access to cutting-edge leaching technology. This partnership significantly de-risks the project, enhances its economic potential, and validates the long-term development pathway of Altar.
  • With global copper demand projected to double by 2035 amid a looming supply deficit, Aldebaran is well-positioned to benefit. Altar’s scale, development timeline, and strategic partnerships align perfectly with this macro trend.
Read Spotlight

Beyond the Top Picks and Alumni Stars these high-potential companies also stood out at the Investor Breakout Exchange during the CEM Bermuda Summit:
Aftermath Silver Holder Resources
Allied Critical Metals Honey Badger Silver
Alset AI Ventures Hydreight Technologies
Amex Exploration K2 Gold
AXCAP Ventures Light AI
BriaCell Therapeutics Medicus Pharma
Cizzle Brands Myriad Uranium
Conavi Medical PTX Metals
CopAur Minerals Pulsar Helium
Edge Total Intelligence Rackla Metals
Emerita Resources Regulus Resources
Eminent Gold Safe Supply Streaming
Fiddlehead Resources SonicStrategy
FireFly Metals TEN Holdings
Fury Gold Mines TenX Protocols
GreenLight Metals VERSES AI
Greenridge Exploration Voyageur Pharmaceuticals
Halcones Precious Metals ZenaTech
HeartSciences

Why the Smart Money’s Watching Bermuda

Get ready! Over the coming weeks, we’ll unveil exclusive Spotlight Features and Performance Alerts on the standout companies that dominated the stage at CEM 2025 in Bermuda. You’ll get rare insights into what set these rising stars apart and why their momentum may just be beginning.

Performance of last year's top selections at Bermuda from June 11, 2024 to date:

  • Skeena Resources (TSX: SKE) +204%
  • Comstock Inc. (NYSE: LODE) +70%
  • G Mining Ventures (TSX: GMIN) +140%
  • Aldebaran Resources (TSXV: ALDE) +97%
  • K2 Gold (TSXV: KTO) +255%
Our story on Bloomberg

Next Stop:

Kelowna TSX Venture Growth Capital Event
July 18–20, 2025
at Marriott Grand Okanagan Resort 

Set in the heart of British Columbia’s wine country, the 6th annual TSX Venture Growth Capital Event returns to the stunning shores of Okanagan Lake. This exclusive, invitation-only summit brings together high-potential companies from the TSX Venture Exchange with a curated network of engaged capital markets professionals. Through tailored one-on-one meetings, scenic networking opportunities, and signature experiences like golf and winery tours, Kelowna 2025 delivers the perfect balance of business and lifestyle. It’s where early-stage opportunity meets investor insight and where the next growth stories take root.

Don’t miss your chance to connect, discover, and grow.

View Event

Stay informed. Stay ahead. Connect with the Investor Breakout on social media:
X | Facebook | LinkedIn | Instagram

Warm Regards and Happy Investing,
Fabian Dawson

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