The Cro Capital Report

Good morning, and welcome to another edition of The Cro Capital Report, your go-to source for market analysis, energy trends, and our portfolio strategy.

Month-over-month economic Indicators (Sep. 23rd - Oct. 23rd, 2025)

Portfolio Performance Update: Keep the Good Times Rolling

A few weeks ago, FLNC was trading near $14.90, and REEMF around $1.17. Today, FLNC sits at $16.03, and REEMF at $1.30, further validating our conviction in these high-growth positions. Both names have demonstrated strong momentum and remain key drivers of our returns as the market continues to reward innovation and forward-looking sectors.

We also decided to hold our position in Tesla (TSLA) despite short-term headwinds and a cautious near-term outlook following recent EV tax credit adjustments. Our conviction in Tesla comes from viewing it less as a car company and more as an emerging robotics and automation leader. The ongoing development of Optimus and progress in full self-driving technology reinforce our long-term bullish stance, even as volatility persists.

Beyond these names, we’ve continued to see gains in URA (Uranium ETF) and Google (GOOGL). However, we’ve placed Google under review as competition intensifies in the search space. The rapid advancement of OpenAI’s search capabilities presents a real challenge to Google’s dominance, and we are closely evaluating the potential long-term implications for its core business.

As always, our approach remains grounded in discipline and conviction. We continue to monitor each position with precision, ready to act when conditions shift, while staying true to the process that has driven our outperformance.

Renewed Trade Tensions Between the U.S. and Canada Cast Uncertainty Over Uranium Prices

Donald Trump’s recent decision to suspend trade negotiations with Canada has introduced uncertainty into the uranium market. This is a sector already sensitive to geopolitics and supply chain risks.

Canada is one of the world’s largest uranium producers and a key supplier to the United States. Any disruption in trade relations between the two nations could impact uranium flows, potentially raising costs for U.S. nuclear utilities that rely on imports to fuel reactors. While no specific restrictions on uranium have been announced, the suspension of talks signals the possibility of tariffs or trade barriers that could make Canadian uranium more expensive or harder to obtain.

We see this as potentially a boost to our domestic uranium mining stocks we follow. Specifically, Uranium Energy Corp (Ticker: UEC) and UR-Energy (Ticker: URG). Additionally, to the domestic enricher of uranium, Centrus Energy (Ticker: LEU).

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— The Cro Capital Team

*The information provided in The Cro Capital Report is for informational and educational purposes only and should not be construed as investment advice, a recommendation, or an offer to buy or sell any securities. The views expressed are those of Cro Capital and are subject to change at any time without notice. While we strive to ensure accuracy, we make no representations or warranties as to the completeness or reliability of the content. Always do your own research and consult with a licensed financial advisor before making any investment decisions. Investing involves risk, including the potential loss of principal.