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Breakout #3 CEM Scottsdale 🏆 Results

The money gurus have spoken, and they've gone nuclear at this year's edition of CEM's Scottsdale Capital Event. The prestigious desert huddle, now in its 11th year, saw investors selecting CanAlaska Uranium (TSXV: CVV) as their Top Pick!

The money gurus have spoken, and they've gone nuclear at this year's edition of CEM's Scottsdale Capital Event. 

The prestigious desert huddle, now in its 11th year, saw investors selecting CanAlaska Uranium (TSXV: CVV) as their Top Pick at the event’s signature Investor Breakout Exchange. As you may recall, CanAlaska Uranium was also one of the top 10 selections at CEM’s Whistler Capital Event earlier this year, at the time being picked while trading at 50 cents back in January. The stock has rerated as impressive drill results continue to be released.

On Saturday, the Investor Breakout Exchange in Scottsdale followed a day-long series of captivating one-on-one presentations from around sixty companies across various sectors, including resources, technology, biotech, and special situations. While mining and resource companies were prominent, the event also highlighted significant opportunities in the biotech, tech, and the AI sectors.

In this edition of our newsletter, we are thrilled to offer you a first peek at the prime selections from the Investor Breakout Exchange in Scottsdale. Here's the first peek at the Prime Picks from CEM’s 11th Annual Scottsdale Capital Event.

Top Picks:

TSXV: CVV | OTC: CVVUF

CanAlaska Uranium Ltd.

CanAlaska Uranium Ltd. holds interests in approximately 500,000 hectares (1,235,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” The company is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. 

Why it was picked:

  • Investors in the uranium space have highlighted CanAlaska as an undervalued uranium stock with strong growth potential, especially given its project portfolio and the current supply crunch in the uranium market.
  • CanAlaska's flagship West McArthur project is located near major uranium producer Cameco's McArthur River mine, and Cameco is a joint venture partner on the project. The company has also announced a very aggressive 2024 drill program.
  • The next Uranium Bull Market is here. The International Atomic Energy Agency projects that by 2040, the world will require over 100,000 metric tons of uranium annually – that’s more than twice the amount currently being mined and processed around the world. Fueling market excitement is the significant increase in uranium prices, which reached a 15-year peak in January 2024.

TSXV: MGRO | OTC: MGROF

MustGrow Biologics Corp.

MustGrow Biologics is a sustainable agriculture technology company with an organic crop protection platform with the potential to replace or complement synthetic chemicals. The company has a strong cash position, with two years of planned cash runway. Highlights include two products in near-term production (Organic pesticide and fertilizer), as well as a commercial license agreement with Bayer. MustGrow estimates that Bayer will spend US$35-40 million to commercialize TerraMG, a soil biocontrol product. Other global partnerships include Sumitomo, Janssen PMP (division of Johnson & Johnson), and NexusBioAg.

Why it was picked:

  • Investors were impressed with MustGrow’s partnership strategies and exclusive R&D collaboration agreements with NexusBioAg in Canada on Canadian canola and pulse crops; Sumitomo Corporation in the Americas on preplant soil fumigation on fruit & vegetables; Bayer in Europe, Middle East, Africa and Asia on preplant soil fumigation on fruit & vegetables; and Janssen PMP globally on postharvest and food preservation of produce.   
  • MustGrow’s will begin to commence sales of its organic biofertilizer in soluble mixable form, TerraSanteTM  in the United States this year. It has obtained registration for its products in Oregon and Washington while further state-level registrations are progressing in other key U.S. states.
  • Over 150 independent tests have been completed, validating MustGrow’s safe and effective approach to crop and food protection and yield enhancements.  

TSXV: MAPS | OTC: MAPPF

ProStar Holdings Inc.

ProStar is a software company that specializes in developing patented cloud and mobile solutions offered as Software as a Service (SaaS). Its flagship solution is PointMan® a patented cloud and mobile mapping solution that seamlessly connects the field with the office and provides the ability to precisely capture, record, display, and manage critical infrastructure, including roads, bridges, railways, pipelines, and utilities.

Why it was picked:

  • Some of the largest entities in North America have adopted PointMan to improve their operations, including Fortune 500 construction firms, Subsurface Utilities Engineering (SUE) firms, utility owners, municipalities and government agencies.
  • Prostar recently introduced a new e-commerce platform to simplify the acquisition of its precision mapping solutions through automated processes. It significantly reduces customer acquisition costs and enables the Company’s salesforce to concentrate on larger opportunities. 
  • Strong management team with extensive experience in software development, sales and marketing, finance, investor relations, capital markets, and operations.

TSXV: WRLG | OTC: WRLGF

West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines Ltd. is a mineral exploration company focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits.

Why it was picked:

  • Investors were attracted to the fact that the highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 sq-Km including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.
  • The company’s flagship asset - The Madsen Gold Mine in Ontario – was targeted for acquisition by Canadian philanthropist and financier Frank Giustra who formed Wheaton River Minerals which was sold to Newmont for USD $10 billion in 2019. The Madsen Gold Mine – is fully permitted and has a brand-new 800+ tonne per day mill, a tailings and water treatment facility.
  • The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold.

TSXV: BWLK | OTC: BWLKF

Boardwalktech Software Corp.

Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data.

Why it was picked:

  • Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. 
  • The Company has secured a three-year $US4.0 million Line-of-Credit ("LOC") facility with Celtic Bank, for growth needs including expansion of its recurring revenue. The Company expects to use the proceeds of this LOC for sales and marketing expenditures, working capital requirements, and to enhance its balance sheet to drive new business.
  • The Company has signed an agreement with Tata Consultancy Services ("TCS") the largest IT services and consulting company in India with operations in 46 countries and over 615,000 employees. TCS will be teaming with Boardwalktech to deliver consulting and professional services in the financial services market for the Boardwalk Velocity product.

Honourable Mentions:

Below is a list of companies mentioned in the room outside of the top picks.

Company Symbol
CVW CleanTech TSXV: CVW
Relevant Gold TSXV: RGC
Dolly Varden Silver TSXV: DV
Kodiak Copper TSXV: KDK
Hemisphere Energy TSXV: HME
VERSES AI NEO: VERS
Barksdale Resources TSXV: BRO
Scottie Resources TSXV: SCOT
Light AI Private
Skyharbour Resources TSXV: SYH
InPlay Oil TSX: IPO
Founders Metals TSXV: FDR
Osisko Gold Royalties TSX: OR
Aris Mining TSX: ARIS
XORTX Therapeutics TSXV: XRTX
Kraken Energy CSE: UUSA
Fury Gold Mines TSX: FURY
Reyna Silver TSXV: RSLV
Excelsior Mining TSX: MIN
Coppernico Metals Private
Valeura Energy TSX: VLE
LithiumBank Resources TSXV: LBNK
Western Alaska Minerals TSXV: WAM
Strikepoint Gold TSXV: SKP
FendX Technologies CSE: FNDX
Prismo Metals CSE: PRIZ
Alaska Energy Metals TSXV: AEMC
Aztec Minerals TSXV: AZT
Onyx Gold TSXV: ONYX
HighGold Mining TSXV: HIGH
Klondike Gold TSXV: KG
Omega Pacific Resources CSE:OMGA
Fireweed Metals TSXV: FWZ
Somerset Energy Partners Private
CopperEx Resources CVE: CUEX
ValOre Metals TSXV: VO
Empire Petroleum NYSE: EP
Premier American Uranium TSXV: PUR
U.S Gold NASDAQ: USAU
US Critical Metals TSXV: USCM
Standard Uranium TSXV: STND
TAG Oil TSXV: TAO
Northern Dynasty Minerals TSX: NDM
Tocvan Ventures CSE: TOC
Summa Silver TSXV: SSVR
Vizsla Copper TSXV: VCU
TriStar Gold TSXV: TSG

As we gear up for the next CEM gathering in Bermuda in June, keep an eye on your inbox for more updates and performance insights from the Investor Breakout Exchange.

Warm Regards and Happy Investing,
Fabian Dawson

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