Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Thematic (Sector/Industry)

United states Financials / Thematic (Sector/Industry)

<ul><li>REEs in the spotlight. Among the hundreds of companies hosting booths and engaging with investors and capital providers, past PDAC conferences featured a small number of rare earth elements (REEs) resource developers.</li><li>At the conference this year, the number of REE companies was noticeably higher, with many looking to develop resources in North America.</li><li>With REEs being added to the critical metals and minerals list by both US and Canadian governments and with the REE deal being a cornerstone of US-Ukraine relationship, government attention and funding opportunities being available to industry participants should improve further.</li></ul>

REEs in the spotlight. Among the hundreds of companies hosting booths and engaging with investors and capital providers, past PDAC conferences featured a small number of rare earth elements (REEs) resource developers.At the conference this year, the number of REE companies was noticeably higher, with many looking to develop resources in North America.With REEs being added to the critical metals and minerals list by both US and Canadian governments and with the REE deal being a cornerstone of US-Ukraine relationship, government attention and funding opportunities being available to industry participants should improve further.

WTR Small-Cap Spotlight Recap PDAC 2025