Some of the biggest winners were Vancouver-based automaker First Hydrogen Corp., which made the list for the second straight year and saw its shares surge 144 per cent; Calgary-based CVW CleanTech Inc., whose shares rose 204 per cent; and Brazilian miner Sigma Lithium Corp.
Anastasopoulos said that half of the ten mining companies on the list have been focused on the energy transition and battery metals such as lithium, copper and nickel. It’s part of a trend that has seen rising interest in investments that address environmental, social and governance issues as well as surging demand for the critical minerals needed to build out electric vehicles. Anastasopoulos said these minerals are growing more difficult to find, so he believes there will continue to be an opportunity in this space for investors.
The oil-and-gas sector has also been seen as a safe haven and a hedge against decades-high inflation. While many of the companies on the list have enjoyed meteoric rises over the past year, how such smaller, less-established names perform during a potential recession is very much up in the air.Article content
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