Sprott Resource Corp. invests and operates through its subsidiaries in the natural resource sector. We currently have investments and operations in oil and gas, agriculture and agricultural nutrients as well as a large position in physical gold bullion. We take an active involvement in the companies in which we invest. We are dedicated to generating consistently superior returns on capital for our shareholders, while focusing on risk management and real wealth preservation. We seek to accomplish these objectives by acquiring or starting attractive businesses at the right time, growing the value organically or through accretive acquisitions and by maintaining financial flexibility to be responsive to the needs of our businesses and to capitalize on new opportunities.Our management services agreement with Sprott Consulting Limited Partnership, of which Sprott Inc. is the sole limited partner, and our location in Toronto, a global centre for resource investing, gives us access to exceptional investment opportunities and a vast network of contacts and potential strategic partners. We leverage these relationships to grow and add value to our investments.

Delta Steel processes and distributes carbon and alloy plates, structural products such as bars, pipe and tubing. The company's annual production is in the range of 1.3 million tons of steel. Though it concentrates its operations on the southwestern US, Delta does export its steel products to Mexico, Puerto Rico, and parts of South America. It also has agreements with trading companies that give it access to Asian markets. Subsidiary Smith Pipe & Steel has locations in Arizona. Delta Steel is a PNA Group company and, so, owned by Reliance Steel & Aluminum.

At Taubensee Steel & Wire, we've earned a solid reputation with our customers for good reason. Since 1946, we've dedicated our business to earning trust. Over the years, the steel industry has experienced dramatic changes. And so has Taubensee. What began as a wire, nail and sheet warehouse has evolved into an innovative company commited to the production of quality wire and cold drawn bar products.And while the scope of our capabilities may have changed, the foundation of our business hasn't. With state-of-the-art manufacturing facilities backed by the most advanced equipment, our commitment to customers remains the same as the day we first opened our doors. Because the best approach to building a solid business is to build customer trust.

Sharon Coating is a prime galvanized and galvannealed steel coil supplier located in Sharon, Pennsylvania. Our strength is in the depth and scope of experience of our people, many well-known in the trade who have dedicated their careers to the steel industry.The knowledge gained through the end product diversity of our customers combined with a staff committed to assisting in new applications allows us to expand the realm of customer service.Sharon Coating management and employees share the responsibility for ensuring our customer's satisfaction by managing quality from the source of raw materials through final delivery of the product.

High River is a gold company with interests in producing mines and advanced exploration projects in Burkina Faso and Russia. Two producing mines, Zun-Holba and Irokinda, are situated in the Lake Baikal region of Russia and produce approximately 125,000 ounces of gold per annum to High River. Two new open pit gold mines, Taparko-Bouroum in Burkina Faso, and Berezitovy in Russia, have been constructed and are currently being put into full production. Finally, High River has two advanced exploration projects with NI 43-101 compliant resource estimates, the Bissa gold project in Burkina Faso and the Prognoz silver project in Russia. All current and future gold and silver production remains unhedged. High River Gold Mines Ltd. is listed on the Toronto Stock Exchange under the symbol HRG.

BHP Billiton has operations worldwide.Two heads -- or headquarters -- are better than one. Aussie minerals and oil company BHP Limited acquired UK miner Billiton plc in 2001. The result is a two-headquartered, dual-listed company that is run as a single entity with the same board of directors and management. The Melbourne side is BHP Billiton Limited, the London side is BHP Billiton Plc, and they collectively are known as BHP Billiton. The company ranks among the world's top producers of iron ore and coal (thermal and metallurgical) and is a major producer of petroleum products such as crude oil and natural gas. Other units produce aluminum, base metals, diamonds, manganese, and stainless steel materials.

Wirerope Works manufactures wire rope for use in construction, elevators, logging, mining, oil production, and ski lifts. It operates manufacturing plants in Sunbury and Williamsport, Pennsylvania, and maintains distribution facilities throughout the US. The company's products are sold under the brand name Bethlehem Wire Rope, which harkens back to the company's former status as a subsidiary of Bethlehem Steel. Wirerope Works was founded as Morrison Patent Wire Rope Company in 1886; in 2004 the current iteration was formed from the combination of two Pennsylvania wire manufacturers, Williamsport Wirerope Works and Paulsen Wire Rope.

The Ohio Valley Aluminum Company (OVACO) makes aluminum billets for the aluminum extrusions industry. (A billet is pushed or drawn through a die to create an extruded, or shaped, product, such as a frame or rail.) The company operates from facilities in Indiana, Kentucky, and Ohio that can produce some 500 million pounds of billets annually. OVACO cuts billets according to customer specifications; it can produce billets ranging in length from 18 inches to 216 inches. The company was founded in 1955.

Mines Management, Inc., founded in 1947, is a US-based mineral exploration and development company engaged in the acquisition, exploration, and development of silver-dominant mineral projects. The Company's current focus is advancement and development of the Montanore Silver-Copper Deposit, one of the largest silver-copper deposits in the world.The deposit is located in northwestern Montana, about forty miles north of the famed Silver Valley of Idaho, within one of the world’s most prolific silver districts.  Mines Management acquired the Montanore deposit in 2002 when its partner and operator, Noranda Minerals of Canada, withdrew due to low metals prices at the time.A recent independent technical report confirmed the existence of a large silver-copper deposit containing approximately 116 million tons of material grading approximately 2.0 ounces of silver and 0.74% (15 pounds) of copper per ton. The deposit remains open for expansion in several directions.

Allegheny Technologies Incorporated produces and sells specialty metals worldwide. Allegheny Technologies High Performance Metals segment offers a range of high performance alloys, including nickel-and cobalt-based alloys and superalloys; titanium and titanium-based alloys; exotic metals, such as zirconium, hafnium, niobium, nickel-titanium, and their related alloys; and other specialty alloys primarily in long product forms, including ingots, billets, bars, shapes and rectangles, rods, wires, seamless tubes, and castings. This segment markets its products directly to end-use customers in the aerospace and defense, oil and gas, chemical process, electrical energy, and medical industries. Allegheny Technologies Flat-Rolled Products segment provides stainless steel, nickel-based alloys and superalloys, titanium and titanium-based alloys, and specialty alloys in various product forms, including plate, sheet, engineered strip, and precision rolled strip products, as well as grain-oriented electrical steel sheet. This segment serves the oil and gas, chemical process, electrical energy, automotive, food equipment and appliances, machine and cutting tools, construction and mining, aerospace and defense, electronics, communication equipment, and computer industries. Allegheny Technologies Engineered Products segment provides tungsten powders, tungsten heavy alloys, tungsten carbide materials, and tungsten carbide cutting tools. It also produces carbon alloy steel impression die forgings, and grey and ductile iron castings, as well as provides precision metals processing services, such as grinding, polishing, blasting, cutting, flattening, and ultrasonic testing. This segment serves various industrial markets, including automotive, oil and gas, chemical process, machine and cutting tools, aerospace, construction and mining, and other markets requiring tools with hardness. Allegheny Technologies was founded in 1960 and is based in Pittsburgh, Pennsylvania.

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