Our Top Five Investments

At May 31, 2017 our most significant investments were:

Terrax Minerals Inc. www.terraxminerals.com TSX.V: TXR
Polymet Mining Corp. www.polymetmining.com TSX: POM
IBC Advanced Alloys Corp. www.ibcadvancedalloys.com TSX.V: IB
Largo Resources Ltd. www.largoresources.com TSX: LGO
Niocorp Developments Ltd. www.niocorp.com/ TSX: NB

These investments represent approximately 29% of our portfolio.