Updates on Financials, Technology, Energy, and Special Situations Companies Under Coverage
Energy Vault Holdings Inc. / NYSE: NRGV
PR Title: Secures Swiss market entry
FRC Opinion: Positive – Energy Vault has entered the Swiss market with its B-VAULT™ FlexGrid energy storage systems, a newly designed, compact, modular, and easy-to-install platform for small- to mid-scale applications. The company has already installed two systems, including one for a Swiss municipal utility.
By the end of Q3, the company had deployed 1.5 GWh of energy storage, with 2.0 GWh in contracted backlog, and 8.7 GWh in the pipeline, highlighting strong market demand. We are pleased with its Swiss expansion, especially given the company’s plans for aggressive global growth. We anticipate revenue of US$190M in 2025, up from US$46M in 2024.
FRC Top Picks
The table below highlights last week’s top five performers from our Top Picks, led by Denarius Metals (CBOE: DMET), which rose 24%. The company is advancing two mines toward production in 2026 – a gold mine in Colombia, and a nickel-copper mine in Spain.
* Past performance is not indicative of future performance (as of Dec 8, 2025)
Our top picks have outperformed the benchmark (TSXV) in six out of seven time periods listed below.
Source: FRC
Performance by Sector
| Total Return |
1 Week |
1 mo |
3 mo |
6 mo |
1 yr |
3 yr |
Since launch |
| Mining |
1.00% |
12.80% |
35.70% |
16.60% |
86.00% |
45.10% |
45.40% |
| Cannabis |
N/A |
N/A |
N/A |
N/A |
N/A |
-1.20% |
-23.60% |
| Tech |
8.10% |
7.00% |
10.40% |
532.60% |
521.50% |
0.10% |
49.20% |
| Special Situations (MIC) |
2.30% |
3.50% |
-1.00% |
-1.00% |
13.20% |
19.10% |
-1.10% |
| Private Companies |
N/A |
N/A |
N/A |
N/A |
9.30% |
24.20% |
64.10% |
| Portfolio (Total) |
2.20% |
9.50% |
22.50% |
43.80% |
87.40% |
40.00% |
36.10% |
| Benchmark (Total) |
-0.90% |
2.50% |
7.90% |
28.30% |
51.60% |
61.20% |
5.10% |
| Portfolio (Annualized) |
- |
- |
- |
- |
87.40% |
11.90% |
2.60% |
| Benchmark (Annualized) |
- |
- |
- |
- |
51.60% |
17.30% |
0.40% |
1. Since the earliest initiating date of companies in the list of Top Picks (as of Dec 8, 2025)
2. Green (blue) indicates FRC's picks outperformed (underperformed) the benchmark.
3. Past performance is not indicative of future performance.
Source: FRC
Our complete list of top picks (updated weekly) can be viewed here.
*Disclaimers - Annual fees ranging from $15,000 to $35,000 have been paid to FRC by Denarius Metals, Kidoz Inc., Enterprise Group, Fortune Minerals, Panoro Minerals, Chilean Cobalt, Southern Silver Exploration, Monument Mining, Doubleview Gold, Power Metallic Mines, MetalQuest Mining, Coniagas Battery Metals, and Energy Vault Holdings 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.
