Welcome to another edition of the Capital Employed Newsletter.
If you’ve not done so already make sure to check out the Q3 2025 Fund Letters Round-Up - 35 letters have been added so far. It’s a treasure trove of insights and ideas.
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Latest interviews with fund managers sharing their best ideas…
#119 - Kyle Tushaus (New West Capital) 📗
#118 - Fernando Araujo (FCL Capital) 📗
#117 - Abby Zimmerman (Lowell Capital Value) 📗
BEST IDEA AWARD FOR THIS ISSUE 🏆
Fawkes Capital Management on Battery Age Minerals 🇦🇺
Aussie microcap that owns the Bleiberg zinc-lead-germanium project in Austria.
Germanium is deeply intertwined with the AI arms race, robotics, autonomous systems, and national security priorities. As countries race for technological and military dominance, control over germanium supply chains may prove pivotal.
The risk-reward looks compelling. The value of the metal in the ground far exceeds the company’s market cap and estimated capex requirements.A round-up of the the best ‘fresh-off-the-press’ stock pitches from the past two weeks…