1. Exit Case: Denison Mines Corp. 

Overview:

Denison Mines Corp. (TSX: DML) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.

DML has been a part of the ‘Growth Portfolio’ since 26^th May 2025, however, considering decent rally in the share price of the stock, an ‘Exit’ is recommended from the stock at the price of CAD 2.77, (as on 16^th July 2025).  

1.1 Support and Resistance Summary as provided in our last published report dated 26^th May 2025.

Denison Mines Corp.

2. New Entry Case: Alvopetro Energy Ltd. 

Overview:  

Alvopetro Energy Ltd. (TSXV: ALV) is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil.

Technical Analysis: On the daily chart, ALV prices are trading above a support level, indicating positive momentum. Additionally, prices are positioned above the 20-period Simple Moving Average (SMA), which could serve as a support level. The key support for stock is at CAD 5.40, while the critical resistance level is at CAD 6.57.

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 5.95, as on (as on 16^th July 2025).

2.1 Support and Resistance Summary (as on 16^th July 2025)

2.2 Alvopetro Energy Ltd. (TSXV: ALV)

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 16^th July 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.