1. Exit Case: Kincora Copper Limited 

Overview:

Kincora Copper Limited (TSXV: KCC) is a mineral exploration company. The company is engaged in the acquisition and exploration of exploration and evaluation assets in Mongolia. It operates in Kincora's dominate position between and on strike from the two existing copper mines in the Southern Gobi.

KCC has been a part of the ‘Growth Portfolio’ since 8^th December 2025, however, considering the recent rally in the share price of the stock, an ‘Exit’ is recommended from the stock at the last closing price of CAD 1.12, as on 24^th December 2025.  

1.1 Support and Resistance Summary as provided in our last published report dated 8^th December 2025.

Kincora Copper Limited

2. New Entry Case: Bitfarms Ltd. 

Overview:  

Bitfarms Ltd. (TSX: BITF) is a North American energy and digital infrastructure company that builds and operates vertically integrated, state-of-the-art data centers and energy infrastructure for high-performance computing and Bitcoin mining.

Technical Analysis: On the daily price chart, BITF shows stabilizing after a prolonged pullback, with price holding above recent support near CAD 3.50. Momentum indicators are improving, as RSI rebounds from oversold levels and trends upward. Price consolidation below the short-term moving average suggests a potential base-building phase, increasing the probability of a trend reversal if buying volume strengthens.

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 3.66, as on 24^th December 2025. 

2.1 Support and Resistance Summary (as on 24^th December 2025)

2.2 Bitfarms Ltd.

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 24^th December 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.