1. Exit Case: North American Construction Group Ltd.

Overview:

North American Construction Group Ltd. (TSX: NOA) is a leader in Strategy and digital transformation, with professionals in Canada, the U.S, and Europe. Its integrated offering is laid out as follows: Strategy, custom solutions, Microsoft solutions, and Oracle solutions. 

NOA has been a part of the ‘Growth Portfolio’ since 17^th June 2025, however, considering the fall in the share price of the stock, an ‘Exit’ is recommended from the stock at the last closing price of CAD 18.94, as on 18^th September 2025.

1.1 Support and Resistance Summary as provided in our last published report dated 17^th June 2025.

North American Construction Group Ltd.

2. New Entry Case: Faraday Copper Corp.

Overview:  

Faraday Copper Corp. (TSX: FDY) is a Canada-based exploration company focused on advancing its flagship copper project in Arizona, United States. The Company's projects include Copper Creek Project and Contact Copper Project.

Technical Analysis: On the daily chart, FDY experienced an uptrend starting mid-June, moving from below CAD 0.80 to above CAD 1.40 in early September.  The candlestick shows decent buying pressure. The RSI (14) is at 59.39, up from oversold levels earlier this week. This shows momentum is shifting back upward, but the stock is not yet overbought (above 70). The key support for stock is at CAD 1.17, while the critical resistance level is at CAD 1.55.

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 1.36, as on 18^th September 2025.

2.1 Support and Resistance Summary (as on 18^th September 2025)

2.2 Faraday Copper Corp.

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 18^th 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.