Olive Resource Capital Provides Update on Investments for November 2025

The most recent news release from Olive Resource Capital Inc. (dated December 8, 2025) provides an update on its investment portfolio for the period ending November 30, 2025. Key highlights include: - The total portfolio value increased to $14,534,343 USD as of November 30, 2025, from $14,352,286 USD at September 30, 2025 (as restated in this release). - Year-to-Date Investment Performance for 2025 is reported at an impressive 126%. - Management commentary indicates November was a strong month for the commodity complex, with gold and copper rising strongly and equities outperforming the commodities. - Olive Resource Capital was a net buyer of equities during November. - The company anticipates strong performance for the commodity complex in the early months of the new year. - The Normal Course Issuer Bid (NCIB) remains ongoing, with 1,000,000 treasury shares noted against 106,144,709 shares outstanding.

This update follows interim financial statements released on November 26, 2025, which reported total assets of $14,398,021 CAD and net income of $7,205,626 CAD for the nine months ended September 30, 2025. Earlier news from October 6, 2025, highlighted a September 30, 2025, portfolio value of $14,199,376 USD, and a subsequent update on November 10, 2025, reported the September 30, 2025, value as $13,502,589 USD. These discrepancies in historical reporting are a notable point of concern.

The latest news is positive as it indicates a continued upward trend in the company's investment portfolio value, recovering from the slight dip noted in the October 2025 update. The 126% Year-to-Date investment performance is substantial and suggests effective portfolio management within a favorable commodity market. The company being a net buyer in November implies confidence in its current investment strategy and the market outlook.

However, the persistent inconsistency in reporting the "Total Portfolio Value (Sep 30, 2025)" across different news releases and even when compared to the official interim financial statements (where total investments were approximately $13.23 million CAD for the same date) is highly problematic. - Oct 6 news: $14.199M (Sep 30) - Nov 10 news: $13.502M (Sep 30) - Nov 26 financials: ~$13.23M (Sep 30 total investments) - Dec 8 news: $14.352M (Sep 30, restated)

This fluctuating historical data significantly undermines the credibility of the reported numbers and makes it challenging for investors to accurately track the company's performance or compare it to prior periods. While the direction is positive (the portfolio value is increasing), the reliability of the specific figures is questionable. Despite this, the increase in portfolio value from the September 30th financial statement figure of ~$13.23M (investments only) to $14.53M at November 30 is a material positive improvement for the company's asset base. The "Non-Material - Positive" rating indicated by the metadata is upgraded to "Routine - Positive" to reflect the overall positive momentum tempered by the reporting inconsistencies.

Olive Resource Capital Inc. is a Canadian investment company trading on the TSX Venture Exchange under the symbol OC. It operates primarily as a venture capital and private equity firm, specializing in investments within the global commodities sector, with a particular focus on resource companies. The company’s "flagship project" is its actively managed investment portfolio itself. This portfolio comprises positions in both publicly traded and private entities, as well as investments in non-public loans and convertible debentures. The strategy involves identifying and investing in resource companies that are expected to benefit from favorable commodity market conditions, as evidenced by its current holdings in precious metals (e.g., Omai Gold Mines, Troilus Gold, Aurion Resources, Sailfish Royalty) and base metals (e.g., Sterling Metals, Arizona Sonoran Copper Co.).