There’s a version of the uranium discovery story that most investors see: the press release, the grade headline, the stock move. Then there’s the version that actually matters — the one that happens years before any of that, when a team of geoscientists is flying over frozen lakes in northern Saskatchewan trying to figure out if anything is hiding under the sandstone. F4 Uranium (TSXV: FFU | OTCQB: FFUCF) is living in that second version right now.

A small-cap explorer just drilled 96 metres of gold at 1.41 g/t as exploration accelerates. With gold near record highs, history shows the biggest returns come from early-stage explorers, not producers. Miata Metals (TSXV: MMET | OTCQX: MMETF | FSE: 8NQ) is in that window at Sela Creek, Suriname: three confirmed gold zones, two rigs on site fully funded for 25,000 metres, and a recent 23.75 m at 5.73 g/t intercept.

Data centers, energy storage, renewables, electric vehicles — The U.S. & Canada need battery storage. They want LFP batteries. North-America wants industrial sovereignty. But anyone serious about building the new energy system needs more than cell factories and political headlines. The real positions of power lie deeper in the supply chain: in the precursors, in refining, in the materials that ultimately decide whether ambitious goals translate into real production capacity.

First Phosphate (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is an exploration, mineral development and cleantech company dedicated to building and onshoring a vertically integrated mine-to-market LFP battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and national security.

In conclusion, while many software stocks are currently grappling with significant challenges, they also present intriguing investment opportunities. With strong fundamentals, sticky revenues, and an evolving market, there remains a possibility for future growth, particularly for companies like ServiceNow and Microsoft. Ultimately, investors willing to look past current volatility may find substantial value in the software sector.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

Electric vehicles, renewables, data centers — The U.S. & Canada need battery storage. They want LFP batteries. North-America wants industrial sovereignty. But anyone serious about building the new energy system needs more than cell factories and political headlines. The real positions of power lie deeper in the supply chain: in the precursors, in refining, in the materials that ultimately decide whether ambitious goals translate into real production capacity.