FCM Business Update

• Stake in Yamana Gold Inc. Raised to 2.99% (AVG PX 4.07)
• Stake in Victoria Gold Corp. Raised to 3.34% (AVG PX 4.54)
• Stake in Pure Gold Mining Raised to 2.07% (AVG PX 0.47)
• 2.07% stake in Americas Gold & Silver Corp. Initiated (AVG PX 2.02)
• Stake in Treasury Metals Liquidated
• Stake in International Tower Hill Liquidated
• Stake in NioCorp Liquidated

Current NuChemICF Stats

Character

• Producers (Gold) = 73%
• Producers (Silver) = 71%
• Developers (Uranium) = 100%
• Developers (Agriculture) = 100%
• Developers (Rare Earths) = 100%

Weightings

• Gold Weighting = 43%
• Silver Weighting = 28%
• Uranium Weighting = 24%
• Agriculture Weighting = 3%
• Rare Earths Weighting = 2%

Constituent Capitalization

• Micro-Cap = 41% ($50-$300M)
• Small-Cap = 30% ($300M-$1B)
• Nano-Cap = 26% (< $50M)
• Mid-Cap = 3% ($2-$10B)

Ratios

• Producer : Developer Ratio (All) = 48%
• Value : Long Shot Ratio = 70%