1.0 Exit Case: Aclara Resources Inc.

Overview:

Aclara Resources Inc. (TSX: ARA) is a development-stage rare earth mineral resources company with approximately 451585 hectares of mining concessions located in the Maule Nuble Biobio and Araucan a regions of Chile. It is focused on the development and on the future construction and operation of the Penco Module which aims to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits.

ARA has been a part of the ‘Growth Portfolio’ since 5^th August 2025, however, considering the recent rally in share price, and ~17.24% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 1.70, (as on 2 September 2025).

1.1 Support and Resistance Summary as provided in our last published report dated 5^th August 2025.

1.2 Aclara Resources Inc. (TSX: ARA) 

2.0 New Entry Case: Ucore Rare Metals Inc. (TSXV: UCU)

Overview:

Ucore Rare Metals Inc. (TSXV: UCU) is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Technical Analysis: On the daily chart, UCU prices are trading on the positive note, above its support level. The 14-period Relative Strength Index (RSI) stands at approximately 70.34, this signals favorable buying momentum and investor interest. It also broke out of a long period of consolidation (noticed in the April, 2025 – July, 2025 range around CAD 1.50 - 2.00), confirming strength and potential for continuation upward. The key support for stock is at CAD 3.26, while the critical resistance level is at CAD 4.47.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Growth Portfolio’ at the closing market price of CAD 3.79, as on 02 September, 2025.

Ucore Rare Metals Inc. (TSXV: UCU) has been identified as the new entry to our Growth Portfolio.

2.1 Support and Resistance Summary (as on 2 September, 2025)

2.2 Ucore Rare Metals Inc. (TSXV: UCU)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 2 September 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.