Junior Gold Miner Leads Weekly Gains
Published: 9/8/2025
Author: FRC Analysts
*Disseminated on behalf of Monument Mining, Zepp Health Corporation, Denarius Metals, Noram Lithium, Millennial Potash, Pulsar Helium, Golden Arrow Resources, Canadian Critical Minerals, and First Phosphate Corp. See the bottom of this report for other important disclosures.
We review the performance of our Top Picks, led by junior gold miner Monument Mining (TSXV: MMY), which gained 13% WoW. Overall, our Top Picks have delivered an average return of 97% over the past year, outperforming the benchmark’s 56% gain. Visit our website to view the full list of Top Picks by sector. We also share key updates on covered companies, including juniors in phosphate, helium, copper, and gold. *Past performance is not indicative of future performance.
Updates on Resource Companies Under Coverage
First Phosphate Corp. (PHOS.CN, PHOS)
PR Title: Announces results for LFP battery cells produced using North American raw materials
Analyst Opinion: Positive – Test results indicate that PHOS’s LFP battery cells perform on par with industry benchmarks. We believe this confirms the company’s ability to support a fully localized LFP battery supply chain in North America. LFP batteries support key markets like electric vehicles (EVs), and energy storage systems (ESS), and are gaining traction in rapidly growing sectors such as AI data centers, robotics, and automation.
Pulsar Helium Inc. (PLSR.V, PSRHF)
PR Title: Announces a non-binding agreement to increase land package
Analyst Opinion: Positive – The proposed acquisition will expand the company’s land package by over 1,400% to 63,281 acres in Minnesota. The package, located west of Pulsar’s flagship Topaz project, includes early-stage targets prospective for helium and hydrogen. PLSR can earn a 100% interest in exchange for US$1.2M in shares. The Topaz project hosts a high-grade helium resource, and the company is advancing toward an updated resource estimate, and a Preliminary Economic Assessment.
Canadian Critical Minerals Inc. (CCMI.V)
PR Title: Generated US$247K in revenue from the Bull River mine (B.C.) in July 2025
Analyst Opinion: Positive – Since early 2024, CCMI has been generating revenue through stockpile extraction at its Bull River copper-gold project in B.C. By July 2025, CCMI had shipped 12,526 tonnes, generating US$2.97M in revenue. Proceeds will be used on engineering studies required for the final permit application to restart mill and underground operations. Stockpile extraction will likely continue for another six to nine months.
Golden Arrow Resources Corporation (GARWF, GRG.V)
PR Title: Sampling results from the Noemi target at San Pietro copper-gold project in Chile (QP: Brian McEwen, P.Geol., VP Exploration & Development of GRG)
Analyst Opinion: Positive – 48% of chip samples returned high gold grades, including 0.30 m of 5.67 g/t, 10.5 m of 1.82 g/t, 10 m of 1.88 g/t, and 8 m of 1.66 g/t. The 2 km long x 3 km wide Noemi target is located 7 km south from the Rincones deposit, which hosts part of a substantial inferred resource totaling 4.4 Blbs CuEq at 0.41%. The San Pietro project hosts two deposits, and five drill-ready targets, and is strategically located between three copper assets operated by Capstone Copper (TSX: CS).
Updates on Financials, Technology, Energy, and Special Situations Companies Under Coverage
Zepp Health Corporation / NYSE: ZEPP
PR Title: Amazfit T-Rex 3 Pro targets premium segment
Analyst Opinion- Positive - Zepp has launched the Amazfit T-Rex 3 Pro, a rugged smartwatch for endurance athletes and outdoor users. At US$399, with offline mapping, dual-band GPS, 180+ sport modes, and up to 25 days of battery life, it is positioned as a lower-cost alternative to Garmin’s (NYSE: GRMN) Fenix line. Early reviews highlight durability, functionality, and athlete endorsements. We view the launch as Zepp’s move into the premium smartwatch segment, with potential to capture share from Apple (NASDAQ: AAPL), Samsung (KRX: 005930), Garmin, and Google/Fitbit (NASDAQ: GOOGL).
FRC Top Picks
The table below highlights last week’s top five performers from our Top Picks. The best performer was junior gold miner Monument Mining (TSXV: MMY), which rose 13% on stronger gold prices. MMY is up 259% YoY, significantly outperforming gold (up 43%), and the VanEck Junior Gold Miners ETF (up 103%).
* Past performance is not indicative of future performance (as of Sep 8, 2025)
Our top picks have outperformed the benchmark (TSXV) in six out of seven time periods listed below.
Performance by Sector
1. Since the earliest initiating date of companies in the list of Top Picks (as of Sep 8, 2025)
2. Green (blue) indicates FRC's picks outperformed (underperformed) the benchmark.
3. Past performance is not indicative of future performance.
Our complete list of top picks (updated weekly) can be viewed here. https://www.researchfrc.com/top-picks
*Disclaimers - Annual fees ranging from $15,000 to $35,000 have been paid to FRC by Monument Mining, Zepp Health Corporation, Denarius Metals, Noram Lithium, Millennial Potash, Pulsar Helium, Golden Arrow Resources, Canadian Critical Minerals, and First Phosphate Corp for research coverage and distribution of reports. FRC or companies with related management, and Analysts, do not hold shares/securities in the companies mentioned in this report, except for First Phosphate.
