Updates on Financials, Technology, Energy, and Special Situations Companies Under Coverage
Global Education Communities Corp. / TSX: GEC
PR Title: Canada lifts caps for grad students at public institutions
FRC Opinion: Positive - Last week, Canada signaled a shift toward quality over quantity in international education, maintaining caps but exempting master’s and PhD students at public institutions from federal study permit limits. Over the past year, educational institutions and student housing faced negative sentiment and uncertainty about the future due to tighter immigration and cap rules, but the recent announcement is a clear positive for GEC, supporting demand for its student housing projects in Vancouver.
FRC Top Picks
The table below highlights last week’s top five performers from our Top Picks. The best performer was Millennial Potash (TSXV: MLP), which rose 7%. Last week, the U.S. government added potash to its Critical Minerals List to reduce import dependency on countries such as Russia and Belarus. Earlier this year, the U.S. DFC committed US$3M to MLP’s Banio project in Gabon, supporting its development. We believe Banio is well-positioned to potentially become the first African mine supplying potash to the U.S.
Source: FRC
* Past performance is not indicative of future performance (as of November 10, 2025)
Our top picks have outperformed the benchmark (TSXV) in five out of seven time periods listed below.
Performance by Sector
| Total Return |
1 Week |
1 mo |
3 mo |
6 mo |
1 yr |
3 yr |
Since launch |
| Mining |
-2.90% |
-2.10% |
26.30% |
38.20% |
52.00% |
38.30% |
37.50% |
| Cannabis |
N/A |
N/A |
N/A |
N/A |
N/A |
-31.40% |
-23.60% |
| Tech |
-20.70% |
-12.60% |
4.70% |
400.90% |
390.50% |
2.80% |
43.50% |
| Special Situations (MIC) |
-0.40% |
1.50% |
-5.50% |
6.90% |
11.10% |
4.80% |
-3.70% |
| Private Companies |
N/A |
N/A |
N/A |
N/A |
9.30% |
24.20% |
64.10% |
| Portfolio (Total) |
-4.60% |
-2.60% |
14.90% |
53.00% |
58.10% |
31.80% |
30.80% |
| Benchmark (Total) |
-0.80% |
-7.50% |
14.40% |
34.40% |
50.90% |
51.20% |
2.40% |
| Portfolio (Annualized) |
- |
- |
- |
- |
58.10% |
9.60% |
2.30% |
| Benchmark (Annualized) |
- |
- |
- |
- |
50.90% |
14.80% |
0.20% |
Our complete list of top picks (updated weekly) can be viewed here.
1. Since the earliest initiating date of companies in the list of Top Picks (as of Nov 10, 2025)
2. Green (blue) indicates FRC's picks outperformed (underperformed) the benchmark.
3. Past performance is not indicative of future performance.
*Disclaimers - Annual fees ranging from $15,000 to $35,000 have been paid to FRC by Millennial Potash Corp., Lake Resources, Monument Mining, Atrium Mortgage Investment Corporation, Olympia Financial Group, Fortune Minerals, Eskay Mining Corp., Power Metallic Mines, Golden Arrow Resources, and Global Education Communities 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.
