The Globe and Mail reports in its Saturday, Jan. 3, edition that Major Drilling Group International is a top pick for Caldwell Investment Management manager Denis Taillefer. The Globe's Darcy Keith writes that after years of low exploration spending, Mr. Taillefer says mining capital expenditures are rebounding due to high commodity prices, strong company balance sheets and robust demand driven by the global energy transition, AI infrastructure development and the need for strategic minerals. Mr. Taillefer says in a note: "We are observing senior mining companies increasing their exploration budgets year-over-year, alongside a much-needed pickup in financing activity for junior mining companies. Major Drilling is uniquely positioned to benefit from this substantial increase in sector spending. The resultant surge in demand is expected to translate directly into a significant pickup in utilization rates, which, given the specialized and high fixed-cost nature of the business, should drive substantial margin expansion and superior earnings growth." The Globe reported on Dec. 17 that RBC Dominion Securities analyst Sam Crittenden had reaffirmed his "outperform" call for Major Drilling. It was then worth $13.25.