Natural Resources and Innovation Companies Central to Global Economic Interests, the Annual TSX Venture 50(TM) Ranking Shows
TSX Venture Exchange announced its 2025 TSX Venture 50™ ranking, highlighting top-performing growth-stage companies. The 50 selected companies achieved a combined market capitalization of $21.7 billion by December 31, 2024, representing a 289% increase year-over-year. These companies delivered an average share price appreciation of 207%, surpassing previous years' growth of 121% in 2023 and 73% in 2022.
Kraken Robotics Inc. (TSXV: PNG) topped the list with a 437% market cap increase. The mining sector dominated with 31 companies, collectively reaching $8.1 billion in market capitalization. Innovation sectors showed strong performance, with clean technology and technology companies averaging 400% and 345% share price growth respectively. SPARQ Systems Inc. (TSXV: SPRQ) recorded the highest increases in share price (944%) and market capitalization (1,379%).
La Borsa di Montreal ha annunciato la sua classifica 2025 dei TSX Venture 50™, evidenziando le aziende in fase di crescita con le migliori performance. Le 50 aziende selezionate hanno raggiunto una capitalizzazione di mercato combinata di 21,7 miliardi di dollari entro il 31 dicembre 2024, rappresentando un aumento del 289% rispetto all'anno precedente. Queste aziende hanno registrato un apprezzamento medio del prezzo delle azioni del 207%, superando la crescita degli anni precedenti, pari al 121% nel 2023 e al 73% nel 2022.
Kraken Robotics Inc. (TSXV: PNG) si è posizionata al primo posto con un incremento della capitalizzazione di mercato del 437%. Il settore minerario ha dominato con 31 aziende, raggiungendo collettivamente una capitalizzazione di mercato di 8,1 miliardi di dollari. I settori dell'innovazione hanno mostrato forti performance, con le aziende di tecnologia pulita e tecnologia che hanno registrato una crescita media del prezzo delle azioni rispettivamente del 400% e del 345%. SPARQ Systems Inc. (TSXV: SPRQ) ha registrato i più alti incrementi nel prezzo delle azioni (944%) e nella capitalizzazione di mercato (1.379%).
La Bolsa de Valores de Toronto anunció su clasificación 2025 de los TSX Venture 50™, destacando a las empresas de crecimiento con mejor rendimiento. Las 50 empresas seleccionadas lograron una capitalización de mercado combinada de 21,7 mil millones de dólares a fecha del 31 de diciembre de 2024, lo que representa un aumento del 289% interanual. Estas empresas ofrecieron un crecimiento promedio del precio de las acciones del 207%, superando el crecimiento de años anteriores del 121% en 2023 y del 73% en 2022.
Kraken Robotics Inc. (TSXV: PNG) encabezó la lista con un aumento del 437% en la capitalización de mercado. El sector minero dominó con 31 empresas, alcanzando colectivamente una capitalización de mercado de 8,1 mil millones de dólares. Los sectores de innovación mostraron un sólido rendimiento, con empresas de tecnología limpia y tecnología que promediaron un crecimiento del precio de las acciones del 400% y del 345% respectivamente. SPARQ Systems Inc. (TSXV: SPRQ) registró los mayores incrementos en el precio de las acciones (944%) y en la capitalización de mercado (1,379%).
토론토 증권 거래소가 2025 TSX Venture 50™ 순위를 발표하며 성장 단계에서 성과가 뛰어난 기업들을 강조했습니다. 선정된 50개 기업은 2024년 12월 31일까지 총 217억 달러의 시장 가치를 달성하여 전년 대비 289% 증가했습니다. 이들 기업은 평균 주가 상승률이 207%에 달하며, 2023년 121% 및 2022년 73%의 이전 성장률을 초과했습니다.
크라켄 로보틱스 Inc. (TSXV: PNG)가 437%의 시장 가치 증가로 목록의 정상을 차지했습니다. 광업 부문은 31개 기업이 포함되어 있으며, 총 81억 달러의 시장 가치를 달성했습니다. 혁신 부문은 강력한 성과를 보였으며, 청정 기술 및 기술 기업은 각각 400% 및 345%의 주가 성장을 기록했습니다. SPARQ Systems Inc. (TSXV: SPRQ)는 주가(944%)와 시장 가치(1,379%)에서 가장 높은 증가율을 기록했습니다.
La Bourse de Toronto a annoncé son classement 2025 des TSX Venture 50™, mettant en avant les entreprises en phase de croissance les plus performantes. Les 50 entreprises sélectionnées ont atteint une capitalisation boursière combinée de 21,7 milliards de dollars au 31 décembre 2024, représentant une augmentation de 289 % d'une année sur l'autre. Ces entreprises ont enregistré une appréciation moyenne du prix des actions de 207 %, dépassant les croissances des années précédentes de 121 % en 2023 et de 73 % en 2022.
Kraken Robotics Inc. (TSXV: PNG) a pris la tête de la liste avec une augmentation de 437 % de sa capitalisation boursière. Le secteur minier a dominé avec 31 entreprises, atteignant collectivement une capitalisation boursière de 8,1 milliards de dollars. Les secteurs de l'innovation ont montré de fortes performances, avec des entreprises de technologie propre et de technologie affichant des croissances moyennes des prix des actions de 400 % et 345 % respectivement. SPARQ Systems Inc. (TSXV: SPRQ) a enregistré les plus fortes augmentations de prix des actions (944 %) et de capitalisation boursière (1.379 %).
Die TSX Venture Exchange hat ihr Ranking der TSX Venture 50™ für 2025 bekannt gegeben, das die leistungsstärksten Wachstumsunternehmen hervorhebt. Die 50 ausgewählten Unternehmen erreichten bis zum 31. Dezember 2024 eine kombinierte Marktkapitalisierung von 21,7 Milliarden US-Dollar, was einem Anstieg von 289 % im Jahresvergleich entspricht. Diese Unternehmen verzeichneten eine durchschnittliche Kurssteigerung von 207 %, die die Wachstumsraten der Vorjahre von 121 % im Jahr 2023 und 73 % im Jahr 2022 übertraf.
Kraken Robotics Inc. (TSXV: PNG) führte die Liste mit einem Anstieg der Marktkapitalisierung um 437 % an. Der Bergbau-Sektor dominierte mit 31 Unternehmen, die gemeinsam eine Marktkapitalisierung von 8,1 Milliarden US-Dollar erreichten. Innovationssektoren zeigten starke Leistungen, wobei Unternehmen in der sauberen Technologie und Technologie durchschnittliche Kursgewinne von 400 % bzw. 345 % erzielten. SPARQ Systems Inc. (TSXV: SPRQ) verzeichnete die höchsten Steigerungen beim Aktienkurs (944 %) und der Marktkapitalisierung (1.379 %).
- Combined market capitalization growth of 289% to $21.7 billion
- Average share price appreciation of 207%
- Mining companies increased market capitalization by 174% to $8.1 billion
- Clean technology sector achieved 400% average share price growth
- Technology sector recorded 345% average share price growth
- None.
TSX Venture Exchange releases the 2025 TSX Venture 50, Canada's Top-Performing Growth Stage Public Companies
Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - Canada's natural resources and technology-driven businesses continue to shape the country's economy. Today, TSX Venture Exchange (TSXV) announced the 2025 TSX Venture 50™, spotlighting how mining and innovation companies are advancing Canada's long-term economic agenda and global competitiveness.
"The performance of the TSX Venture 50 underscores the strategic importance of Canadian natural resources and high-growth innovation," said Tim Babcock, President, TSX Venture Exchange. "With heightened demand for critical minerals, energy security and transition, and advanced manufacturing, this year's TSX Venture 50 showcases how TSXV is empowering Canadian businesses to raise capital, scale operations, and contribute to a secure and prosperous future for Canada."
The TSX Venture 50, a ranking of the 50 top-performing early- and growth-stage companies, assesses each issuer's performance in 2024 across three key indicators—market capitalization growth, share price appreciation, and Canadian consolidated trading value. Collectively, the 2025 TSX Venture 50 companies represent a combined market capitalization of
Top Performer: Kraken Robotics Inc.
Securing the overall top spot on the 2025 TSX Venture 50 is Kraken Robotics Inc. (TSXV: PNG), a marine technology pioneer headquartered in Newfoundland. Kraken's market capitalization soared by
Mining sector continues to shine
A defining theme in the 2025 ranking is the dominance of mining companies, which account for 31 out of the 50 top performers. Many are focused on critical minerals (nickel, copper, and uranium) and precious metals (gold and silver)—resources crucial to long-term energy security, advanced manufacturing, and industrial technologies. Collectively, these mining companies have increased their market capitalization to
Among these leaders is Artemis Gold Inc. (TSXV: ARTG), a gold development company with a wholly owned project in central British Columbia. Artemis recorded the highest consolidated value traded of any TSX Venture 50 issuer in 2024, with
Innovation sectors gain momentum
Beyond mining, the second-largest cohort includes technology (5), clean technology & renewable energy (4), and life sciences (3) companies. These high-growth innovation businesses posted some of the most impressive share price and market cap gains on TSXV in 2024. Clean technology & renewable energy and technology issuers on the list saw the highest average share price growth last year—
Among the standouts is SPARQ Systems Inc. (TSXV: SPRQ), a Kingston, ON-based provider of advanced power electronics for the renewable energy sector, which recorded the highest increases in share price (
Other highlights from the 2025 TSX Venture 50:
Homegrown champions: 46 of the 50 ranked companies are headquartered in Canada, with the largest concentration in British Columbia (23), Ontario (15), and Alberta (5). This speaks to the importance of early- and growth-stage firms on TSXV in fueling economic growth, innovation, and job creation in their communities.
BC in the spotlight: Almost half (
46% ) of this year's TSX Venture 50 companies are headquartered in British Columbia, with 20 of 23 operating in the mining sector. This underscores the province's global leadership in resource exploration and development.Global footprint: At least 40 of the companies on this year's list operate outside Canada-across Europe, South America, Africa, and beyond—highlighting the global impact of investing in TSXV-listed companies.
To see the full 2025 TSX Venture 50 ranking and learn more about the ranking methodology, visit tsx.com/venture50.
The 2025 TSX Venture 50 ranking:
| Rank | Company | Ticker |
| 1 | Kraken Robotics Inc. | PNG |
| 2 | Zedcor Inc. | ZDC |
| 3 | Sintana Energy Inc. | SEI |
| 4 | Power Nickel Inc. | PNPN |
| 5 | Montage Gold Corp. | MAU |
| 6 | Founders Metals Inc. | FDR |
| 7 | Simply Better Brands Corp. | SBBC |
| 8 | NTG Clarity Networks Inc. | NCI |
| 9 | Q2 Metals Corp. | QTWO |
| 10 | Artemis Gold Inc. | ARTG |
| 11 | Neptune Digital Assets Corp. | NDA |
| 12 | American Eagle Gold Corp. | AE |
| 13 | ATEX Resources Inc. | ATX |
| 14 | Simply Solventless Concentrates Ltd. | HASH |
| 15 | Awale Resources Limited | ARIC |
| 16 | Magna Mining Inc. | NICU |
| 17 | Lumine Group Inc. | LMN |
| 18 | SPARQ Systems Inc. | SPRQ |
| 19 | Koryx Copper Inc. | KRY |
| 20 | Pulsar Helium Inc. | PLSR |
| 21 | High Tide Inc. | HITI |
| 22 | First Nordic Metals Corp. | FNM |
| 23 | California Nanotechnologies Corp. | CNO |
| 24 | Luca Mining Corp. | LUCA |
| 25 | Heliostar Metals Ltd. | HSTR |
| 26 | Bedford Metals Corp. | BFM |
| 27 | District Metals Corp. | DMX |
| 28 | Canalaska Uranium Ltd. | CVV |
| 29 | Biorem Inc. | BRM |
| 29 | Falco Resources Ltd. | FPC |
| 29 | Libero Copper & Gold Corporation | LBC |
| 32 | Aftermath Silver Ltd. | AAG |
| 33 | Orogen Royalties Inc. | OGN |
| 34 | Emerita Resources Corp. | EMO |
| 34 | Homerun Resources Inc. | HMR |
| 36 | Lavras Gold Corp. | LGC |
| 36 | Rio2 Limited | RIO |
| 38 | Midnight Sun Mining Corp. | MMA |
| 39 | Hannan Metals Ltd. | HAN |
| 39 | Tornado Infrastructure Equipment Ltd. | TGH |
| 41 | Andean Precious Metals Corp. | APM |
| 41 | Bear Creek Mining Corporation | BCM |
| 43 | Covalon Technologies Ltd. | COV |
| 44 | American Creek Resources Ltd. | AMK |
| 45 | Newcore Gold Ltd. | NCAU |
| 46 | Hydreight Technologies Inc. | NURS |
| 47 | Northstar Clean Technologies Inc. | ROOF |
| 48 | LQWD Technologies Corp. | LQWD |
| 49 | NurExone Biologic Inc. | NRX |
| 50 | AbraSilver Resource Corp. | ABRA |
Source: TSX/TSXV Market Intelligence Group.
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For more information on the 2025 TSX Venture 50 program, please contact:
Brie Davis
Consultant
Hill & Knowlton
289-314-6829
Brie.davis@hillandknowlton.com
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Head of Media Relations
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