Weekly Watchlist - July.05, 2025

There’s been strong follow-through on several names from last weekend’s watchlist, with many delivering notable upside. Commodity-related stocks, in particular, continue to show strength.

Weekly Chart - Lithium South Development - Market Cap $20 Million - Breakout

The stock saw its highest trading volume since 2021 as it broke out above its recent range, potentially signaling renewed investor interest. We’re beginning to see several lithium names rebound from what may be cyclical lows, and this company appears to be part of that trend. Its focus remains on the Hombre Muerto North (HMN) lithium brine project in Argentina, which hosts a resource of over 1.58 million tonnes of lithium carbonate equivalent (LCE), with 90% classified as measured at an average grade of 736 mg/L lithium.

The company is currently advancing its Environmental Impact Assessment (EIA) process with the Argentine government and is in the final stages of completing a Definitive Feasibility Study. It trades at a significant discount to its after-tax net present value (NPV), as outlined in the 2024 Preliminary Economic Assessment (PEA). If the company can successfully execute on upcoming milestones, a re-rating of the stock may already be underway.

Weekly Chart - Appia Rare Earths and Uranium Corp - Market Cap $22 Million - Breakout

Appia recently achieved its highest weekly close since early 2024, signaling renewed investor interest. While the move wasn’t accompanied by a significant increase in trading volume, it remains a company I’m closely monitoring due to several promising developments. Appia holds a portfolio of compelling projects in the Athabasca Basin. Notably, in 2024, the company successfully intersected both uranium and rare earth elements at its Loranger property—highlighting its exploration upside in a highly prospective region.

Looking ahead, Appia is preparing for its next drill campaign at the Alces Lake Rare Earth Project in Saskatchewan. This project has delivered consistent high-grade results in recent years. The upcoming program will focus on converting past drilling success into a formal resource estimate, an important step toward potential project development.

In addition, Appia is advancing its interest in the PCH Ionic Clay Rare Earth Project in Brazil, where it is earning up to a 70% stake. This deposit—announced in 2024—already hosts a substantial rare earth resource, rich in heavy rare earth elements and magnet metals. It is one of the largest ionic clay rare earth discoveries outside of China, positioning it as a strategically significant asset. With a recent financing completed, Appia plans to continue drilling in the near term to further define and expand this resource.

Weekly Chart - Trican Well Service - Market Cap $932 Million - Breakout

What a remarkable week for Trican Well Service, as the stock surged to its highest level since 2014, breaking out with strong volume and showing no significant resistance ahead. This breakout, notably outperforming the S&P 500, signals strong investor confidence and positive momentum. Additionally, the stock offers an attractive annual dividend yield of 3.65%, providing steady income for shareholders.

Trican recently made a significant strategic move by acquiring Iron Horse Energy Services. This acquisition adds four new fracturing spreads and ten coiled tubing units, expanding Trican’s capabilities to deliver advanced completion services across Alberta and Saskatchewan. Reflecting confidence in the acquisition’s potential, the Board has approved a 10% increase in the quarterly base dividend. This decision underscores the company’s expectation of enhanced free cash flow and earnings growth as a result of the expanded operational footprint.

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