Edison Reports Strong NAV Growth for Baker Steel Resources Trust

London-based Edison Investment Research has published a report on Baker Steel Resources Trust (BSRT), highlighting a significant monthly NAV growth of 13.2% in June 2025. This increase contributes to a total NAV return of 16.4% for the first half of 2025. The positive performance was driven by several key assets in the portfolio.

Key contributors include AIM-listed Tungsten West, whose share price surged by 153% due to its Hemerdon Mine’s EU designation as a Critical Raw Materials Act project. Additionally, valuation gains were noted from the sale of a net smelter royalty in Russia's Prognoz Silver Mine and favorable precious metal prices impacting various assets.

Despite this robust performance, BSRT's stock closed at a 36% discount to its June 2025 NAV.