Canada’s natural resources and technology sectors continue to shape the country’s economic future, as highlighted in the 2025 TSX Venture 50 ranking.

The list, revealed Wednesday, showcases the top 50 performing early- and growth-stage companies on the TSX Venture Exchange (TSXV).

The TSX Venture 50 companies, collectively valued at $21.7 billion as of the end of 2024, experienced an impressive 289% increase in market capitalization, with average share price growth of 207%, outpacing the previous year’s performance.

Kraken Robotics Inc (TSX-V:PNG), a marine technology firm based in Newfoundland, secured the top spot with a remarkable 437% surge in its market value, adding more than $587 million.

The mining sector was a dominant force in the ranking, with 31 companies focused on critical minerals like nickel, copper, uranium, and precious metals. These firms collectively saw their market capitalization rise by 174%, driven by strong financing and trading activity.

The innovation sectors, including technology, clean technology, and life sciences, also made significant strides, with companies in clean technology and renewable energy seeing share price growth of 400% and technology firms experiencing a 345% increase. SPARQ Systems, a Kingston-based company specializing in power electronics for renewable energy, recorded the highest gains, with a 944% increase in share price and a 1,379% rise in market capitalization.

Several other companies also made their mark. Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) saw a 293% increase in its market capitalization, driven by its focus on offshore oil and gas licenses in Namibia. Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) also performed well, with a 365% increase, as the company develops the Nisk project, which could become Canada’s next polymetallic mine.

Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF) achieved a 63% market cap growth, with its focus on the Berenguela silver-copper-manganese project in Peru. Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) recorded a 131% increase in market value, advancing its mission to discover and develop world-class copper deposits in Zambia’s prolific copper belt.