MDI is a winner over the next 3–5 years benefiting from rare earth diversification without commodity price risk.

    Global footprint: Operates across North America, Australia, Africa, and Europe.

    Critical minerals focus: Actively drilling for REEs, lithium, nickel, copper.

    Early-stage leverage: Exploration drilling is the bottleneck of new supply.

    Tier-1 clients: Works with majors and government-backed projects.

    Technical depth: Specialized in deep, complex, hard-rock de drilling.

    Jurisdiction exposure: Strong presence in G7-aligned countries.

    Capital-light model: Benefits from capex cycles without owning mines.

    Scalability: Can rapidly redeploy rigs to priority REE regions.

    Policy tailwinds: Direct beneficiary of G7 critical-minerals funding.

    First-mover advantage: Positioned before large-scale mine construction begins.

    PT: CA$ 21.93

    NFA/DYOR

    MDI.TO is the key player the next 3-5 years
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