MarketsDemo analysis

What the next rate cycle could mean for small-cap balance sheets

Abstract line chart moving through a market cycle

A practical look at refinancing pressure, cash runway, and the operating signals that matter before capital gets cheaper.

July 28, 20266 min read

A military airplane flying over mountains AI-generated content may be incorrect.

The Metal Behind America’s Military, Aerospace, and Drone Dominance

The U.S. imports 91% of its titanium - a critical material in aerospace and drone production. Saga Metals’ Radar Project is one of the few North American discoveries aiming to close that gap.

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Sector Watch

MiningDemo

Copper’s supply gap is becoming an execution story

The demand thesis is familiar; the harder question is which development teams can move projects through the next constraint.

Jul 287 min read

MiningDemo

Critical-minerals permits move from policy theme to project risk

Supportive policy can improve the backdrop, but individual projects still need a visible path through consultation and review.

Jul 286 min read

TechnologyDemo

AI infrastructure spending is shifting from chips to power

The next constraint may sit outside the server rack as operators compete for electricity, cooling, and grid access.

Jul 286 min read

TechnologyDemo

Software margins face a new cost: inference

AI features can support pricing and retention, but the unit economics depend on how usage turns into computing expense.

Jul 285 min read

Latest Updates

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EnergyDemo

Grid constraints put overlooked energy assets back in focus

Rising power demand is changing the value of location, interconnection rights, and infrastructure that can respond quickly.

Jul 287 min read

EnergyDemo

Natural-gas demand meets a slower infrastructure buildout

Power growth can strengthen the demand case while pipeline, storage, and permitting constraints limit the speed of response.

Jul 286 min read