Olive Resource Capital Provides Update on Investments for January 2026
Resource Investment Issuer
The most recent news release dated February 2, 2026, provides a monthly portfolio update for January 2026. The company reported a significant increase in its unaudited total portfolio value to $18,038,278 as of January 31, 2026. This represents a month-over-month gain of approximately 11.6% from the $16,155,216 reported on December 31, 2025. Additionally, the company continued its Normal Course Issuer Bid (NCIB), repurchasing 1,000,000 shares during the month, bringing the total treasury shares pending cancellation to 2,000,000. Management cited broad commodity advances and a weakening U.S. dollar as primary drivers, expressing a bullish outlook for the seasonal first-quarter performance.
The impact of this news is positive but largely expected given the upward trajectory established throughout 2025. - NAV vs. Market Cap Disconnect: Based on the reported $18.03M portfolio value and 106.4M shares outstanding, the Net Asset Value (NAV) per share is approximately $0.17 (USD). With the stock trading at $0.10 (CAD), the company is trading at a staggering ~40% discount to its liquid and private asset value. - Sustained Growth: The portfolio has grown from $6.4M at the end of 2024 to $18M in just 13 months, a nearly 3x increase. - Shareholder Returns: The NCIB is a material signal that management believes the stock is undervalued. Canceling 2M shares represents nearly 2% of the float, which is accretive to NAV per share. - Performance Persistence: January’s 11.6% gain follows an 11.2% gain in December 2025, suggesting that the "repositioning" mentioned by the Chairman in previous releases is effectively capturing current market trends in gold and copper.
Olive Resource Capital is a resource-focused investment issuer. It does not operate its own mines but manages a portfolio of junior and mid-tier resource equities, private equity, and convertible debentures. Its "flagship" is effectively its concentrated position in Omai Gold Mines (TSXV: OMG), which saw its value in Olive's portfolio rise from $456k to over $3.3M during 2025. Other key holdings include Sterling Metals and Arizona Sonoran Copper.