Updates on Financials, Technology, Energy, and Special Situations Companies Under Coverage
Global Education Communities Corp. / TSX: GEC
Positive – The Atmosphere project in Richmond, B.C., is a major real estate development for which GECC had previously provided a $60M deposit. The project stalled after the lender ceased funding, prompting GECC to write off its investment in 2022. Last week, the BC Court of Appeal overturned a lower court ruling in GECC’s favour, finding the lender in breach of contract. This is a significant development, strengthening GECC’s legal position, and raising the possibility of recovering part or all of the $60M previously written off, representing an unexpected gain.
FRC Top Picks
The table below highlights last week’s top five performers from our Top Picks. The best performer was potash junior Millennial Potash (TSXV: MLP), which rose 22%. MLP is up 930% YoY, making it one of the best-performing junior resource stocks globally.
* Past performance is not indicative of future performance (as of Sep 29, 2025)
Our top picks have outperformed the benchmark (TSXV) in four 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 |
1.70% |
5.20% |
17.10% |
37.00% |
76.60% |
64.10% |
33.60% |
| Cannabis |
N/A |
N/A |
N/A |
N/A |
N/A |
-35.70% |
-23.60% |
| Tech |
-2.50% |
-0.50% |
779.30% |
666.90% |
541.20% |
-6.30% |
86.60% |
| Special Situations (MIC) |
-3.10% |
-2.90% |
-3.50% |
16.20% |
6.50% |
20.00% |
-1.10% |
| Private Companies |
N/A |
N/A |
N/A |
N/A |
9.30% |
24.20% |
64.10% |
| Portfolio (Total) |
-0.10% |
2.30% |
113.20% |
68.90% |
81.30% |
50.00% |
34.50% |
| Benchmark (Total) |
2.20% |
14.30% |
29.00% |
47.40% |
60.70% |
50.40% |
5.40% |
| Portfolio (Annualized) |
- |
- |
- |
- |
81.30% |
14.50% |
2.50% |
| Benchmark (Annualized) |
- |
- |
- |
- |
60.70% |
14.60% |
0.40% |
1. Since the earliest initiating date of companies in the list of Top Picks (as of Sep 29, 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 Millennial Potash, Noram Lithium, Kidoz Inc., South Star Battery Metals, Lake Resources, Blue Lagoon Resources, Grid Battery Metals, Cupani Metals Corp., Global Education Communities, and Equity Metals Corporation 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.
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