The Globe and Mail reports in its Wednesday, Jan. 28, edition that Paradigm Capital analyst Don MacLean is keeping his "speculative buy" call on Erdene Resource Development. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacLean gave his share target a $3.40 boost to $14. Mr. MacLean says in a note: "Erdene's 50-per-cent-owned Bayan Khundii (BK) project in western Mongolia has progressed rapidly from discovery in 2015 to first production September, 2025, and anticipated full production in H1/26. Mongolia's largest internationally listed mining company, Mongolian Mining Corporation (MMC), was brought in as a 50-per-cent partner, construction lead and operating partner, a relationship we expect to open future growth opportunities for Erdene beyond the substantial exploration upside already evident from more the 20 high-priority targets. Erdene Resource also owns 100 per cent of the Khuvyn Khar licence 35-km west of BK which hosts a large porphyry system, including the Zuun Mod moly-copper deposit and a nearby copper discovery announced in January, 2026." The Globe notes that Mr. MacLean is the lone analyst covering the Nova Scotia-based company.