Research from ACF Equity Research, ACF Equity Research

ACF Equity Research

Research from ACF Equity Research

Accuracy | Clarity | Foresight

ACF was set up to improve the effectiveness of capital markets for smaller and mid-sized companies. The majority of jobs are created by smaller companies not global companies. If we can help improve companies use of capital markets more projects will be completed, more jobs created, more global GDP grown, which in turn helps create more resources for education, leading to equality and opportunity for those who are still oppressed by ignorance and poverty.

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

Equity Bottom-Up

<ul><li>Blencowe Resources Plc (Standard: BRES.L) is positioned to become a globally significant, low-cost producer of battery-grade graphite, for energy storage (55%) and traditional secure cash flows (45%) markets.</li><li>Its flagship Ugandan Orom-Cross Graphite Project has an exceptional resource profile—long LoM, 6% TGC, free-dig ore, and low AISC scaling.</li><li>BRES.L’s DFS is at its end stage and pilot scale testing is completed.</li></ul>

Blencowe Resources Plc (Standard: BRES.L) is positioned to become a globally significant, low-cost producer of battery-grade graphite, for energy storage (55%) and traditional secure cash flows (45%) markets.Its flagship Ugandan Orom-Cross Graphite Project has an exceptional resource profile—long LoM, 6% TGC, free-dig ore, and low AISC scaling.BRES.L’s DFS is at its end stage and pilot scale testing is completed.

Blencowe Resources Plc (BRES.L) Core Investment Case 28052025

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

<ul><li>The WTR Sustainable Index was down 0.8% W/W versus the S&amp;P 500 Index (down 1.0%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (down 3.4%).</li><li>Energy Technology (12.8% of the index) was down 3.2%, while Industrial Climate and Ag Technology (45.9% of the index) was down 1.6%, ClimateTech Mining was up 0.7%, and Advanced Transportation Solutions (22.1% of the index) was up 0.9%.</li><li>Top 10 Performers<span style="font-size: var(--content-font-size);">: IDEX, NXH, COMM, PGTK, XPEV, NEOV, EXRO, LI, GCEH, BIOF</span></li></ul>

The WTR Sustainable Index was down 0.8% W/W versus the S&amp;P 500 Index (down 1.0%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (down 3.4%).Energy Technology (12.8% of the index) was down 3.2%, while Industrial Climate and Ag Technology (45.9% of the index) was down 1.6%, ClimateTech Mining was up 0.7%, and Advanced Transportation Solutions (22.1% of the index) was up 0.9%.Top 10 Performers: IDEX, NXH, COMM, PGTK, XPEV, NEOV, EXRO, LI, GCEH, BIOF

Sustainable Investing Surveyor - Focus on OPAL Fuels, Inc. (OPAL)

<ul><li>The WTR Sustainable Index was up 3.5% W/W versus the S&amp;P 500 Index (up 0.6%), the Russell 2000 Index (down 0.1%) and the Nasdaq Index (up 1.1%).</li><li>Energy Technology (13.5% of the index) was up 3.3%, while Industrial Climate and Ag Technology (46.3% of the index) was up 1.1%, ClimateTech Mining was up 4.2%, and Advanced Transportation Solutions (21.0% of index) was up 8.4%.</li><li>Top 10 Performers<span style="font-size: var(--content-font-size);">: VIHD, NNOMF, WAVE, EGT, NVVE, CPWHF, VLI, XPEV, MP, DNMR</span></li></ul>

The WTR Sustainable Index was up 3.5% W/W versus the S&amp;P 500 Index (up 0.6%), the Russell 2000 Index (down 0.1%) and the Nasdaq Index (up 1.1%).Energy Technology (13.5% of the index) was up 3.3%, while Industrial Climate and Ag Technology (46.3% of the index) was up 1.1%, ClimateTech Mining was up 4.2%, and Advanced Transportation Solutions (21.0% of index) was up 8.4%.Top 10 Performers: VIHD, NNOMF, WAVE, EGT, NVVE, CPWHF, VLI, XPEV, MP, DNMR

Sustainable Investing Surveyor - Atlas Lithium Corporation (ATLX)

China

XPeng Inc. designs, produces, and distributes electric vehicles. The Company designs, develops, manufactures and markets smart smart electric vehicles, as well as finance, parts, and maintenance services. XPeng serves customers in China.

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XPeng (XPEV US)

Blencowe Resources Plc (BRES.L) Core Investment Case 28052025

Blencowe Resources Plc (Standard: BRES.L) is positioned to become a globally significant, low-cost producer of battery-grade graphite, for energy...

ACF Equity Research

Sustainable Investing Surveyor - Focus on OPAL Fuels, Inc. (OPAL)

The WTR Sustainable Index was down 0.8% W/W versus the S&P 500 Index (down 1.0%), the Russell 2000 Index (down 1.5%), and the Nasdaq Index (down...

Water Tower Research

Sustainable Investing Surveyor - Atlas Lithium Corporation (ATLX)

The WTR Sustainable Index was up 3.5% W/W versus the S&P 500 Index (up 0.6%), the Russell 2000 Index (down 0.1%) and the Nasdaq Index (up 1.1%).

Water Tower Research

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