Analysts’ Ideas of the Week
FRC Top Picks Deliver 95% YoY Return vs. 50% for Benchmark
Published: Sep 2, 2025
Author: FRC Analysts
*Articles and research coverage are paid for and commissioned by issuers. See the bottom and below for other important disclosures, rating, and risk definitions, and specific information.
*Disseminated on behalf of Pulsar Helium, Millennial Potash, South Star Battery Metals, Zepp Health Corporation, Monument Mining, Builders Capital Mortgage, and Denarius Metals. See the bottom of this report for other important disclosures.
We review the performance of our Top Picks, with Zepp Health Corporation (NYSE: ZEPP) once again standing out, up 18% WoW, and an exceptional 1,443% YoY. Overall, our Top Picks have returned an average of 95% over the past year, nearly doubling the benchmark’s 50% 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 gold, helium, graphite, and potash. *Past performance is not indicative of future performance.
Updates on Resource Companies Under Coverage
Pulsar Helium Inc. (PLSR.V, PSRHF)
PR Title: Additional flow test results from the Topaz helium project in Minnesota
Analyst Opinion: Positive – Flow and pressure testing returned dry gas with no water, confirming a clean helium-bearing gas stream. Last week, we had mentioned that the company was working on a $7M equity financing in the U.K.; this has since been completed. Proceeds will be directed toward a 10-well drill program at the company’s flagship Topaz helium project in Minnesota. The Topaz project hosts a high-grade helium resource. We expect an updated resource estimate, and a Preliminary Economic Assessment (PEA), later this year.
South Star Battery Metals Corp. (STSBF, STS.V)
PR Title: Secures US$4M debt financing from Sprott to advance its Santa Cruz graphite mine in Brazil
Analyst Opinion: Positive – Sprott has extended a US$4M loan facility with a three-year term. Proceeds will support the development of the Santa Cruz graphite mine, the first new graphite project in the Americas since 1996. Phase one is in the ramp-up stage, with an initial shipment completed in May 2025. STS aims to build a vertically integrated battery-graphite plant in the U.S., targeting feedstock of 100,000 tpy of flake graphite from its projects in Brazil and Alabama.
FRC Top Picks
The table below showcases last week’s top five performers from our Top Picks, with Zepp Health once again taking the spotlight. The stock gained 18% WoW, and an extraordinary 1,443% YoY. We initiated coverage in November 2023 at US$4.64; the stock now trades at US$48.44. Zepp is the world’s seventh-largest smartwatch maker by unit sales. Read our latest update report for a deep dive into the drivers of this rally, our take on the recent Q2 results, and our outlook on the stock.
| Top Five Weekly Performers | WoW Returns |
| Zepp Health Corporation (ZEPP) | 17.80% |
| Monument Mining Limited (MMY.V) | 14.30% |
| Millennial Potash Corp. (MLP.V) | 5.90% |
| Builders Capital Mortgage Corp. (BCF.V) | 2.80% |
| Denarius Metals Corp. (DMET.NE) | 2.00% |
* Past performance is not indicative of future performance (as of Sep 1, 2025)
Our top picks have outperformed the benchmark (TSXV) in six out of seven time periods listed below.
The opinions expressed in this report are the true opinions of the analyst(s) about any companies and industries mentioned. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The companies listed above are covered by FRC under an issuer-paid model, where fees have been paid to FRC to commission this report and research coverage. This creates a potential conflict of interest which readers should consider. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed access users through various other channels for a limited time. To subscribe for real-time access to research, visit https://www.researchfrc.com/
