"Cash and Cash Equivalents $3,248,910

6,768,333 common shares Champion Iron Limited at October 31, 2018

1,110,000 common shares of Argex Titanium

4,564,000 common shares of KWG Resources

450,000 common shares St-Georges Eco-Mining

From MD&A

The Magpie Process demonstration plant project is currently on hold pending further internal review. In the meantime, the development of its alternate, “The Industrial Synergy Route”, aimed at the same objective of producing “green” high grade TiO2 feedstock, using off the shelf technologies more directly related to current industry needs, continues. Proof of concept work is underway scheduled for completion early in the new year. NDA’s have been signed with interested major producers.

Grassroots gold exploration; - 100% owned Baie Verte Brompton (BVB) Property, in the Beauce, southern Quebec. Located on the Baie Verte Brompton line, a major crustal suture running through the central Appalachians from Vermont to Newfoundland. The BVB Property covers that part of the suture adjoining the historic Gilbert River gold placers, which in themselves can be considered to be one of the largest gold geochemical anomalies in eastern North America. Recent trenching by the Company, on a previously untested part of the property has revealed significant gold mineralization in disseminated sulphides and subsequent geophysical work has indicated a number of significant IP anomalies. Diamond drilling of these targets is planned for mid January 2019.

optioned Brunswick North Property, Bathurst District, New Brunswick; significant gold    mineralization in disseminated sulphides. Geophysics has indicated strong IP anomalies and drilling of these targets is planned for the latter part of January 2019.

Grassroots gold exploration, Northern Ontario -100% owned Heenan and Mallard properties in Swayze, southwest of Timmins;  significant gold showings associated with IP targets. Drilling planned for February 2019

100% owned Dorothy Lake property, near Dryden, Ontario.  Lake bottom sediment gold anomalies. Reconnaissance IP surveys over the Dorothy Lake shear zones, February 2019.

Recent Acquisitions through staking of a number of 100% owned high grade silica deposits in southern Quebec. Ongoing discussions with industrial users"

EO