Last Updated:
October 19, 2025
The Circle is a financial education publisher. We are not registered investment advisors, broker-dealers, or financial analysts registered with any securities regulatory authority in Canada (such as the Ontario Securities Commission) or any other jurisdiction.
All content provided by The Circle, including the website, newsletters (Open Circle and Inner Circle), Situational Briefs, the Catalyst Calendar, the Closed Position Ledger, and any other published material (collectively, the "Content"), is for general informational and educational purposes only.
Nothing published by The Circle constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Our Content is not, and should not be construed as, personalized investment advice, or an offer to sell or the solicitation of an offer to buy any security.
The Content is impersonal and does not take into account your individual financial situation, investment objectives, or risk tolerance. You acknowledge that no fiduciary relationship exists between you and The Circle.
The Content focuses primarily on the junior resource sector (small-cap and micro-cap energy and mining stocks). Investing in these securities is highly speculative and involves a significant degree of risk.
This service is intended only for sophisticated investors who understand and are willing to accept these risks.
The Content is based on sources and information we believe to be reliable, but we do not guarantee the accuracy, completeness, or timeliness of the information presented. Information changes rapidly, and we are under no obligation to update any Content.
The Content may contain "forward-looking statements." Actual results may differ materially from those projected due to various risks and uncertainties.
The "Categorized Profile Weighting System" (utilizing visual cues such as scaling bullet points and unlabeled pie charts) is a proprietary educational tool designed to illustrate the relative conviction levels and conceptual portfolio sizing used by our analysts (e.g., Malcolm).
This system is a demonstration of an analytical process and is NOT personalized portfolio allocation advice. It should not be interpreted as a recommendation for how you should allocate your own capital or size your own positions.
Past performance, whether actual or indicated by historical data (such as the Closed Position Ledger or referenced track records), is not indicative or a guarantee of future results. Performance figures may not be audited.
The Service and our marketing materials may contain testimonials or case studies (e.g., the "Lawn Aerator to a Multi-Millionaire" story). These reflect individual experiences. They are not typical, and they do not guarantee that you will achieve the same or similar results. Individual results will vary significantly.
No Issuer Compensation: The Circle maintains a strict policy of independence. We do not accept compensation, directly or indirectly, from any issuers (companies) featured in our Content in exchange for coverage.
Disclosure of Positions (Conflict of Interest): The analysts and principals of The Circle (including Malcolm, Bobby, and Arnie) may hold positions (long or short) in the securities mentioned in the Content. They are trading for their own accounts and may buy or sell these securities at any time without prior notice. This creates an inherent conflict of interest, as their opinions and trading activity may affect the price of the securities discussed.
The Circle participates in affiliate marketing programs (e.g., the "Connector" and "Ambassador" programs) related solely to the promotion of our own subscriptions. If you subscribe through an affiliate partner link, that partner may receive a commission or fee from us for the referral. This relationship does not influence the investment analysis or educational content we produce, as we do not have affiliate relationships with the issuers of securities.
You are solely responsible for your own investment research and decisions. We strongly recommend that you conduct your own independent research (due diligence) and consult with a licensed, qualified financial advisor or investment professional before making any investment.
By using the Service, you agree that The Circle, its principals, employees, and affiliates will not be held liable for any loss or damage, financial or otherwise, resulting from your reliance on the information provided in the Content.