2017 Shortlist of REE investment recommendations as at 30 June 2017

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Strategic Metals & Rare Earths Letter INTERNATIONAL th e in d ep en d en t in fo rma tio n a n d a d vi so ry p u b lic a tio n o n in ve s tin g in S tr a teg i c Meta l s & Ra re E a rth s

2017 Shortlist of REE and Strategic Metals/Special Minerals Investment recommendations as at 30 June 2017 Company

Trading symbol

Share price 30 June Year-end 2017 2016

Change Market cap. in % (million) local US$ 30/6/2017 31/12/2016

Change MC in % 2017/2016

REE companies (8) US$

US$

US$

US$

REEMF

0.165

0.060

175.0

175.0

8.7

3.2

172

TSX

AVL

Cdn$ 0.140

Cdn$ 0.145

-3.4

-3.3

20.7

20.1

3

ASX

ALK

ASX ASX

NTU ARU

A$ 0.240 0.110 0.060

A$ 0.340 0.120 0.060

-29.4 -8.3 0.0

-27.6 -7.8 0.0

92.9 59.7 25.1

123.7 52.9 19.1

-25 13 31

Greenland (1) Greenland Minerals and Energy

ASX

GGG

A$ 0.100

A$ 0.090

11.1

10.4

77.0

64.7

19

Sweden (1) Leading Edge Materials

TSX.V

LEM

Cdn$ 0.760

Cdn$ 0.510

49.0

47.1

51.4

31.7

62

Tanzania (1) Peak Resources

ASX

PEK

A$ 0.060

A$ 0.070

-14.3

-13.4

21.9

24.1

-9

US (2) Global Geoscience

ASX

GSC

-15.7

129.6

150.2 1)

-14

TSX.V

PE

A$ 0.18 Cdn$ 0.600

-16.7

Pure Energy Minerals

A$ 0.150 Cdn$ 0.510

-15.0

-14.4

25.9

29.4

-12

Australia (2) Neometals McArthur Minerals

ASX ASX

NMR MMS

A$ 0.270 0.070

A$ 0.340 0.070

-20.6 0.0

-19.4 0.0

112.9 7.9

137.8 7.6

-18 4

Agentina (1) Altura Mining

ASX

AJM

A$ 0.130

A$ 0.140

-7.1

-6.7

151.8

124.5

22

Canada (1) Frontier Lithium

TSX.V

FL

Cdn$ 0.360

Cdn$ 0.370

-2.7

-2.6

36.6

35.8 1)

2

US (1) US Cobalt

TSX.V

USCO

Cdn$ 0.700

Cdn$ 0.94

1)

-25.5

-24.5

27.2

33.7 1)

-19

US/Congo (1) First Cobalt

TSX.V

FCC

0.760

0.58

1)

31.0

29.8

33.1

21.1 1)

57

Canada (2) Cruz Cobalt Castle Silver Resources

TSX.V TSX.V

CUZ CRS

0.205 0.255

0.22 0.26

1) 1)

-6.8 -1.9

-6.5 -1.8

9.5 9.3

9.5 1) 7.5 1)

0 24

US (1) Rare Element Resources

OTC US

Canada (1) Avalon Rare Metals Australia (3) Alkane Resources Northern Minerals Arafura Resources

Lithium companies (6)

1)

1)

Cobalt companies (4)

1) included as at June 1, 2017

Strategic Metals & Rare Earth Letter International

1

May 2017


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