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2025 TSX Venture 50 List: Which Canadian Resource Stocks Made the Cut?

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Published on: Feb 23, 2025
Author: Sunlight Xiang

The 2025 TSX Venture 50 ranking is out, featuring six companies from the mining and energy sectors among the top 10 spots. TSX Venture 50 is a program that evaluates and highlights the past year’s 50 best-performing TSX Venture Exchange–listed companies, measuring their one-year share price growth, market capitalization increase and total Canadian trading value.

Ranking Methodology

This year’s ranking started with 1,605 companies listed on the TSX Venture Exchange (TSXV) as of December 31, 2024, ultimately narrowing down to 354 that satisfied the following requirements:

Suggested Opportunity

First Phosphate Corp.

First Phosphate Corp. (CSE: PHOS, OTC: FRSPF, FSE: KD0)

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry.
  • Listed on TSXV (not NEX) as of December 31, 2024.
  • Market capitalization exceeding C$5 million on December 31, 2024.
  • Closing share price above C$0.25 on December 31, 2024.
  • Closing share price of at least C$0.10 on December 31, 2023.
  • Listed on TSXV for a minimum of one year.

From these 354 qualifying companies, rankings were calculated based on three equally weighted metrics:

  • Share Price: Changes in share price throughout 2024.
  • Trading: Canadian consolidated trading value in 2024.
  • Market Capitalization: Changes in market capitalization during 2024.

Six Mining and Energy Enterprises in the Top 10

The 2025 TSX Venture 50 once again showcases the impressive growth potential of Canada’s resource sector. Below are six standout companies that made the top 10:

Sintana Energy (TSXV:SEI)

  • Rank: 3rd, up 293% in share price in 2024
  • Highlight: A Canadian oil and natural gas exploration firm holding an interest in the VMM-37 block in Colombia’s Magdalena Basin.

Power Metallic Mines (TSXV:PNPN)

  • Rank: 4th, share price up 365%
  • Highlight: Focused on the Nisk polymetallic project in Québec (nickel, copper, platinum-group metals, gold and silver). Formerly “Power Nickel,” the company rebranded on February 21 to reflect the broader scope of its assets.

Montage Gold (TSXV:MAU)

  • Rank: 5th, share price up 193%
  • Highlight: Developing the Koné gold mine in Côte d’Ivoire, expected to produce 300,000 ounces annually for the first eight years. Construction started in late 2024, with production slated for Q2 2027.

Founders Metals (TSXV:FDR)

  • Rank: 6th, share price up 196%
  • Highlight: Advancing the Antino gold project in Suriname’s Guiana Shield; reported a high-grade find at the Van Gogh prospect during its 2025 drill program.

Q2 Metals (TSXV:QTWO)

  • Rank: 9th, share price up 214%
  • Highlight: Targeting lithium assets in Québec’s Eeyou Istchee James Bay region. The company acquired the Cisco lithium project last year and is pushing forward with the Mia and Stellar lithium projects.

Artemis Gold (TSXV:ARTG)

  • Rank: 10th, share price up 118%
  • Highlight: Focused on British Columbia’s Blackwater gold mine, holding over 10 million ounces of gold. Key regulatory approvals have been secured, with initial gold and silver pour completed in January and commercial production expected by Q2 2025.

Below is the complete 2025 TSX Venture 50 list.

Ranking Company Name Ticker 2024 Share Price Appreciation
1 Kraken Robotics Inc. PNG 323%
2 Zedcor Inc. ZDC 503%
3 Sintana Energy Inc. SEI 293%
4 Power Nickel Inc. PNPN 365%
5 Montage Gold Corp. MAU 193%
6 Founders Metals Inc. FDR 196%
7 Simply Better Brands Corp. SBBC 395%
8 NTG Clarity Networks Inc. NCI 866%
9 Q2 Metals Corp. QTWO 214%
10 Artemis Gold Inc. ARTG 118%
11 Neptune Digital Assets Corp. NDA 168%
12 American Eagle Gold Corp. AE 165%
13 ATEX Resources Inc. ATX 90%
14 Simply Solventless Conc. Ltd. HASH 420%
15 Awale Resources Limited ARIC 204%
16 Magna Mining Inc. NICU 143%
17 Lumine Group Inc. LMN 38%
18 SPARQ Systems Inc. SPRQ 944%
19 Koryx Copper Inc. KRY 400%
20 Pulsar Helium Inc. PLSR 137%
21 High Tide Inc. HITI 108%
22 First Nordic Metals Corp. FNM 181%
23 California Nanotech. Corp. CNO 224%
24 Luca Mining Corp. LUCA 77%
25 Heliostar Metals Ltd. HSTR 118%
26 Bedford Metals Corp. BFM 19%
27 District Metals Corp. DMX 135%
28 Canalaska Uranium Ltd. CVV 81%
29 Biorem Inc. BRM 205%
29 Falco Resources Ltd. FPC 157%
29 Libero Copper & Gold Corp. LBC 110%
32 Aftermath Silver Ltd. AAG 63%
33 Orogen Royalties Inc. OGN 108%
34 Emerita Resources Corp. EMO 107%
34 Homerun Resources Inc. HMR 102%
36 Lavras Gold Corp. LGC 134%
36 Rio2 Limited RIO 59%
38 Midnight Sun Mining Corp. MMA 131%
39 Hannan Metals Ltd. HAN 278%
39 Tornado Infra. Equipment Ltd. TGH 120%
41 Andean Precious Metals Corp. APM 84%
41 Bear Creek Mining Corp. BCM 89%
43 Covalon Technologies Ltd. COV 207%
44 American Creek Resources Ltd. AMK 108%
45 Newcore Gold Ltd. NCAU 121%
46 Hydreight Technologies Inc. NURS 356%
47 Northstar Clean Tech. Inc. ROOF 225%
48 LQWD Technologies Corp. LQWD 329%
49 NurExone Biologic Inc. NRX 110%
50 AbraSilver Resource Corp. ABRA 40%

Canadian Stocks Gold Lithium Oil & Gas

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