Analysts’ Ideas of the Week
Junior Gold Miner Leads Weekly Gains
Published: Sept 8, 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 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).
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%).
| Top Five Weekly Performers | WoW Returns |
| Monument Mining Limited (MMY.V) | 13.00% |
| Zepp Health Corporation (ZEPP) | 11.10% |
| Denarius Metals Corp. (DMET.NE) | 6.00% |
| Noram Lithium Corp. (NRM.V) | 5.30% |
| Millennial Potash Corp. (MLP.V) | 1.80% |
* Past performance is not indicative of future performance (as of Sep 8, 2025)
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/
