I4CFinancial Performance Report

Performance Report - MINERS

EH Quantitative Directional Long

The strategy actively trades a universe of Canadian mining stocks, taking positions based on a proprietary technical ranking derived from a multi-factor analysis of market action across multiple trading horizons. Strict risk management enforces a rapid "go-to-cash" ruleset in bearish markets.

Forward test from inception 2023/01/04 to 2026/09/15

Overview

Annualized Returns:	42.08%	Average Win Size:	1,129.43
Maximum Drawdown:	15.84%	Average Loss Size:	911.98
Return over Maximum Drawdown:	2.65	Win/Loss Size Ratio:	1.24
Sharpe Ratio (Annualized):	1.84	Number of Closed and Open Positions:	1306
Sortino Ratio (Annualized):	-1.76	Average Trade Value:	13,150 CAD
Number of Wins:	725	Average Closed Trade Duration:	7.0 days
Number of Losses:	581	Last Session Move:	-3,362.00 (-0.85%), Baseline move: (0.33%)
Win/Loss Count Ratio:	1.25 (56% winners)	Win Months(%)	68.9%
Includes 9 open positions with cash holdings of 201,862.54 CAD Cash holdings are equivalent to 51.8% of Total Strategy Value (389,533.54 CAD) at this time.

Monthly Strategy Returns (%):

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2023	1.6	3.2	2.6	0.9	-1.7	1.7	0.6	0.2	2.1	-1.9	0.2	-0.8	8.7
2024	-2.6	-0.9	-0.3	-0.8	2.3	2.9	4.8	-4.7	0	9.7	-6.2	6.1	10.3
2025	3.8	7.6	8.8	7.9	8	5.6	9.1	14.5	10.4	18.2	5.4	8.1	107.4
2026	18	8.3	-7.2	5.5	2.2	-8	-6.6	9.7	-6.2	0	0	0	15.7

Open Positions:

Symbol	Name	Entry Date	# Shares	Entry Price	Present Price	Move	Max Move	Days Held	Price	Trailing Stop	Profit	Annualized
FF	FIRST MINING GOLD CORP	2026-09-04	27700	0.90	0.90	0.00%	3.33%	7		0.857 (4.7%)	0.00	0.0%
FNV	FRANCO-NEVADA CORPORATION	2026-09-04	50	366.97	366.32	-0.17%	1.70%	7		358.026 (2.3%)	-32.50	-6.0%
WPM	WHEATON PRECIOUS METALS CORP	2026-09-04	100	212.80	208.79	-1.88%	1.66%	7		204.052 (2.3%)	-401.00	-64.6%
AMX	AMEX EXPLORATION INC	2026-09-08	5600	4.41	4.43	0.45%	4.30%	6		4.365 (1.5%)	112.00	18.1%
TECK-B	TECK RESOURCES LIMITED CL B	2026-09-09	100	92.05	89.99	-2.23%	7.82%	5		87.513 (2.8%)	-206.00	-107.4%
VRR	VR RESOURCES LTD	2026-09-14	58800	0.425	0.41	-3.52%	0.00%	2		0.307 (25%)	-882.00	-423.5%
WM	WALLBRIDGE MINING COMPANY LTD	2026-09-14	208200	0.12	0.11	-8.33%	0.00%	2		0.082 (25%)	-2,082.00	-1,000.0%
ALS	ALTIUS MINERALS CORPORATION	2026-09-15	300	65.63	64.85	-1.18%	0.12%	1		59.381 (8.4%)	-234.00	-285.2%
MKO	MAKO MINING CORP	2026-09-15	1800	13.65	14.17	3.80%	3.80%	1		12.517 (11.7%)	936.00	914.2%
							Total Value (CAD) of 9 Open Positions:			189,903.00	-2,789.50	-39.3%

Closed Month-To-Date Performance:

Symbol	Name	# Shares	Buy Date	Buy Price	Sell Date	Sell Price	Max Move	Duration	Profit	ROI
NG	NOVAGOLD RES INC.	1800	2026-08-26	13.23	2026-09-01	11.91	1.96%	5	-2,376.00	-10%
ARTG	ARTEMIS GOLD INC	500	2026-08-27	44.85	2026-09-01	40.37	0.35%	4	-2,240.00	-10%
KNT	K92 MINING INC	900	2026-08-28	31.40	2026-09-01	28.26	0.00%	3	-2,826.00	-10%
ZNX	ZINCX RESOURCES CORP	223100	2026-08-31	0.14	2026-09-01	0.20	42.85%	2	13,386.00	42.9%
SLI	STANDARD LITHIUM LTD	8300	2026-09-01	3.74	2026-09-02	3.39	1.06%	2	-2,905.00	-9.4%
VRR	VR RESOURCES LTD	63700	2026-08-28	0.49	2026-09-04	0.405	0.00%	6	-5,414.50	-17.3%
OCO	OROCO RESOURCE CORP.	61200	2026-08-31	0.51	2026-09-08	0.50	1.96%	6	-612.00	-2%
SGML	SIGMA LITHIUM CORPORATION	1700	2026-09-01	17.37	2026-09-08	15.63	1.95%	5	-2,958.00	-10%
CKG	CHESAPEAKE GOLD CORP.	8800	2026-09-01	3.52	2026-09-11	3.47	9.94%	8	-440.00	-1.4%
CNL	COLLECTIVE MINING LTD	1400	2026-09-02	21.05	2026-09-11	20.64	10.73%	7	-574.00	-1.9%
GRZ	GOLD RESERVE INC	4600	2026-08-31	6.67	2026-09-14	6.66	1.49%	10	-46.00	-0.1%
OGN	OROGEN ROYALTIES INC	5600	2026-09-03	5.54	2026-09-14	4.99	0.18%	7	-3,080.00	-9.9%
SCZ	SANTACRUZ SILVER MINING LTD	2100	2026-09-03	14.50	2026-09-14	13.05	0.00%	7	-3,045.00	-10%
NXE	NEXGEN ENERGY LTD	1600	2026-09-08	14.89	2026-09-14	13.41	0.00%	5	-2,368.00	-9.9%
LI	AMERICAN LITHIUM CORP	65000	2026-09-02	0.48	2026-09-15	0.455	0.00%	9	-1,625.00	-5.2%
BYN	BANYAN GOLD CORP	15900	2026-09-03	1.96	2026-09-15	1.96	4.08%	8	0.00	0%
VZLA	VIZSLA SILVER CORP	4400	2026-09-04	5.59	2026-09-15	5.25	5.54%	7	-1,496.00	-6.1%
ZNX	ZINCX RESOURCES CORP	104100	2026-09-08	0.24	2026-09-15	0.21	0.00%	6	-3,123.00	-12.5%
III	IMPERIAL METALS CORP	1300	2026-09-09	9.11	2026-09-15	8.68	7.46%	5	-559.00	-4.7%

Month-To-Date Summary:
MTD Win Trades %:	10.5%
MTD Avg # Entry Trades per Day:	1.2
MTD Avg # Positions Held:	11.3
MTD Win/Loss Size Ratio:	3.19
MTD Avg Trade Duration:	5.8
MTD Strategy Performance:	-6.0%
MTD Baseline (GLD) Performance:	-3.4%
MTD Strategy Outperformance compared to Baseline:	-2.5%
Sold Today:	LI, BYN, VZLA, ZNX, III
Pending Buys:

Notes:

The strategy attempts to emulate an active and expert trader who enters the markets promptly when the signals are issued.

No leverage, equally weighted allocations.

Improved performance may be achieved if a trader applies additional research to select their preferred signals or implements position sizing.

The strategy exits on target achieved or dynamic proprietary trailing stop penetrated. These trailing stops, combined with minimum rank entry rules lead to the imposition of 'go-to-cash' and 'stay-in-cash' rules if there is a broad market bearish turn. Open Position Trailing stop levels are quoted with a percentage that indicates the offset from the most recent close price. Green indicates the trailing stop is "above water".

Dynamic proprietary trailing stops are defined by prior semi-ATR, with tightening as the position ages. A protective hard stop may trigger in deep price descents.

Exit Price reflects a price that an active and experienced trader would achieve when following stops that are updated prior to every session.

Max Move is defined as the highest high achieved during the holding period.

Annualized returns reflect compounded daily excess returns above risk-free rate, assuming 240 trading days per year.

Slippage and commissions not applied to transactions.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's position, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Investors should consider the investment objectives, risks, and charges and expenses of the above system carefully before investing.

Last Session Date: 2026/09/15