| 1 | Linde plc Ordinary Shares | LIN:US | Materials | $238.6B | 34.1 | $36.2B |
| 2 | Nutrien Ltd | NTR:TO | Materials | $46.9B | 14.4 | $27.3B |
| 3 | Steel Dynamics Inc | STLD:US | Materials | $35.7B | 18.5 | $22.2B |
| 4 | Barrick Gold Corp | ABX:TO | Materials | $87.4B | 9.9 | $20.7B |
| 5 | Teck Resources Limited | TECK-A:TO | Materials | $41.6B | 10.9 | $15.1B |
| 6 | Teck Resources Limited | TECK-B:TO | Materials | $41.5B | 10.9 | $15.1B |
| 7 | Agnico Eagle Mines Limited | AEM:TO | Materials | $120.5B | 14.0 | $15.0B |
| 8 | Kinross Gold Corp | K:TO | Materials | $33.2B | 7.2 | $8.4B |
| 9 | CCL Industries Inc | CCL-B:TO | Materials | $16.6B | 21.0 | $7.9B |
| 10 | CCL Industries Inc | CCL-A:TO | Materials | $16.1B | 20.4 | $7.9B |
| 11 | First Quantum Minerals Ltd | FM:TO | Materials | $27.2B | 112.4 | $6.5B |
| 12 | Canfor Corporation | CFP:TO | Materials | $1.8B | - | $5.4B |
| 13 | West Fraser Timber Co Ltd | WFG:TO | Materials | $7.3B | - | $5.3B |
| 14 | Cascades Inc. | CAS:TO | Materials | $1.8B | 14.4 | $4.8B |
| 15 | Endeavour Mining Corp | EDV:TO | Materials | $16.8B | 14.8 | $4.8B |
| 16 | Methanex Corporation | MEOH:US | Materials | $5.3B | 15.1 | $4.7B |
| 17 | Lundin Mining Corporation | LUN:TO | Materials | $24.6B | 13.4 | $4.6B |
| 18 | Kaiser Aluminum Corporation | KALU:US | Materials | $1.9B | 9.0 | $4.5B |
| 19 | Pan American Silver Corp | PAAS:TO | Materials | $22.0B | 11.3 | $4.3B |
| 20 | Methanex Corporation | MX:TO | Materials | $7.7B | 18.1 | $4.3B |
| 21 | Solstice Advanced Materials, Inc | SOLS:US | Materials | $9.6B | 45.9 | $4.1B |
| 22 | B2Gold Corp | BTO:TO | Materials | $8.8B | 9.2 | $3.8B |
| 23 | IAMGold Corporation | IMG:TO | Materials | $12.3B | 7.9 | $3.7B |
| 24 | Stella-Jones Inc. | SJ:TO | Materials | $3.7B | 14.4 | $3.5B |
| 25 | Wheaton Precious Metals Corp | WPM:TO | Materials | $73.8B | 26.1 | $3.2B |
| 26 | Equinox Gold Corp | EQX:TO | Materials | $16.5B | 22.0 | $2.9B |
| 27 | Capstone Mining Corp | CS:TO | Materials | $8.7B | 19.6 | $2.8B |
| 28 | Transcontinental Inc | TCL-B:TO | Materials | $564M | 6.8 | $2.7B |
| 29 | Transcontinental Inc | TCL-A:TO | Materials | $468M | 5.6 | $2.7B |
| 30 | Interfor Corp | IFP:TO | Materials | $889M | - | $2.7B |
| 31 | Century Aluminum Company | CENX:US | Materials | $3.3B | 5.8 | $2.7B |
| 32 | HudBay Minerals Inc | HBM:TO | Materials | $13.5B | 12.9 | $2.5B |
| 33 | OceanaGold Corporation | OGC:TO | Materials | $7.6B | 6.5 | $2.5B |
| 34 | Franco-Nevada Corporation | FNV:TO | Materials | $60.6B | 28.9 | $2.3B |
| 35 | Alamos Gold Inc | AGI:TO | Materials | $16.3B | 11.1 | $2.3B |
| 36 | Chemtrade Logistics Income Fund | CHE-UN:TO | Materials | $1.6B | 11.4 | $2.1B |
| 37 | Eldorado Gold Corp | ELD:TO | Materials | $11.8B | 10.8 | $2.1B |
| 38 | Lundin Gold Inc | LUG:TO | Materials | $20.6B | 16.0 | $2.0B |
| 39 | SSR Mining Inc | SSRM:US | Materials | $5.4B | 8.9 | $1.9B |
| 40 | SSR Mining Inc | SSRM:TO | Materials | $7.5B | 9.0 | $1.9B |
| 41 | Mercer International Inc | MERC:US | Materials | $8M | - | $1.9B |
| 42 | Innospec Inc | IOSP:US | Materials | $2.5B | 20.4 | $1.8B |
| 43 | Centerra Gold Inc | CG:TO | Materials | $5.6B | 9.6 | $1.8B |
| 44 | Torex Gold Resources Inc | TXG:TO | Materials | $6.0B | 7.3 | $1.8B |
| 45 | Champion Iron Ltd | CIA:TO | Materials | $1.0B | 187.0 | $1.6B |
| 46 | China Gold International Resources | CGG:TO | Materials | $13.3B | 11.6 | $1.6B |
| 47 | First Majestic Silver Corp | AG:TO | Materials | $9.8B | 20.5 | $1.6B |
| 48 | Taiga Building Products Ltd. | TBL:TO | Materials | $397M | 14.2 | $1.6B |
| 49 | Algoma Steel Group Inc | ASTL:TO | Materials | $705M | - | $1.5B |
| 50 | Royal Gold Inc | RGLD:US | Materials | $20.0B | 26.1 | $1.5B |
| 51 | Perseus Mining Ltd | PRU:TO | Materials | $7.6B | 13.0 | $1.5B |
| 52 | New Gold Inc | NGD:TO | Materials | $9.6B | 27.0 | $1.5B |
| 53 | Artemis Gold Inc | ARTG:V | Materials | $8.3B | 14.9 | $1.4B |
| 54 | Ferroglobe PLC | GSM:US | Materials | $721M | - | $1.4B |
| 55 | Orla Mining Ltd | OLA:TO | Materials | $5.1B | 13.3 | $1.3B |
| 56 | DPM Metals Inc. | DPM:TO | Materials | $11.0B | 11.7 | $1.3B |
| 57 | Aura Minerals Inc. Common Shares | AUGO:US | Materials | $5.6B | 18.7 | $1.3B |
| 58 | Aris Mining Corporation | ARIS:TO | Materials | $4.2B | 9.5 | $1.3B |
| 59 | Algoma Steel Group Inc | ASTL:US | Materials | $504M | - | $1.3B |
| 60 | Fortuna Silver Mines Inc | FVI:TO | Materials | $3.7B | 7.6 | $1.2B |
| 61 | Winpak Ltd. | WPK:TO | Materials | $2.6B | 14.1 | $1.2B |
| 62 | Hawkins Inc | HWKN:US | Materials | $3.2B | 36.9 | $1.1B |
| 63 | Discovery Silver Corp. | DSV:TO | Materials | $8.0B | 22.9 | $1.1B |
| 64 | Balchem Corporation | BCPC:US | Materials | $5.4B | 32.1 | $1.1B |
| 65 | Wesdome Gold Mines Ltd. | WDO:TO | Materials | $3.7B | 9.4 | $1.1B |
| 66 | Ero Copper Corp | ERO:TO | Materials | $4.3B | 10.0 | $1.0B |
| 67 | Mineros SA | MSA:TO | Materials | $2.5B | 9.1 | $1.0B |
| 68 | Taseko Mines Ltd | TKO:TO | Materials | $3.8B | 345.0 | $985M |
| 69 | Major Drilling Group International | MDI:TO | Materials | $1.2B | 45.7 | $940M |
| 70 | Western Forest Products Inc | WEF:TO | Materials | $157M | - | $876M |
| 71 | Alphamin Res | AFM:V | Materials | $1.6B | 5.2 | $849M |
| 72 | Agree Realty Corporation | ADC-PA:US | Materials | - | 8.8 | $810M |
| 73 | K92 Mining Inc | KNT:TO | Materials | $6.2B | 12.3 | $796M |
| 74 | Friedman Industries Inc. Common Stock | FRD:US | Materials | $300M | 10.8 | $752M |
| 75 | Endeavour Silver Corp. | EDR:TO | Materials | $3.0B | 36.1 | $737M |
| 76 | Canfor Pulp Products Inc. | CFX:TO | Materials | $33M | - | $679M |
| 77 | Imperial Metals Corporation | III:TO | Materials | $1.1B | 9.9 | $660M |
| 78 | Orezone Gold Corp | ORE:TO | Materials | $1.8B | 10.6 | $657M |
| 79 | Neo Performance Materials Inc | NEO:TO | Materials | $1.1B | 2474.0 | $603M |
| 80 | Ivanhoe Mines Ltd. | IVN:TO | Materials | $12.9B | 69.5 | $586M |
| 81 | Itafos Corp | IFOS:V | Materials | $403M | 5.8 | $582M |
| 82 | Dynacor Gold Mines Inc. | DNG:TO | Materials | $221M | 7.7 | $536M |
| 83 | Goodfellow Inc. | GDL:TO | Materials | $91M | 21.1 | $534M |
| 84 | Galiano Gold Inc | GAU:TO | Materials | $706M | 6.8 | $531M |
| 85 | Ramaco Resources Inc. | METCB:US | Materials | $269M | - | $515M |
| 86 | Ramaco Resources Inc | METC:US | Materials | $449M | - | $515M |
| 87 | Silvercorp Metals Inc | SVM:TO | Materials | $2.5B | 76.2 | $495M |
| 88 | Triple Flag Precious Metals Corp | TFPM:TO | Materials | $8.1B | 13.7 | $489M |
| 89 | 5N Plus Inc. | VNP:TO | Materials | $2.4B | 27.5 | $447M |
| 90 | Richards Packaging Income Fund | RPI-UN:TO | Materials | $347M | 15.9 | $424M |
| 91 | Santacruz Silver Mining Ltd. | SCZ:V | Materials | $1.2B | 20.1 | $424M |
| 92 | Santacruz Silver Mining Ltd. Common Shares | SCZM:US | Materials | $630M | 16.1 | $424M |
| 93 | AirBoss of America Corp. | BOS:TO | Materials | $171M | - | $420M |
| 94 | United States Lime & Minerals Inc | USLM:US | Materials | $3.2B | 23.9 | $377M |
| 95 | OR Royalties Inc. | OR:TO | Materials | $8.3B | 20.3 | $363M |
| 96 | Aya Gold & Silver Inc. Common Shares | AYA:US | Materials | $3.3B | 29.9 | $344M |
| 97 | Aya Gold & Silver Inc | AYA:TO | Materials | $4.6B | 28.4 | $344M |
| 98 | Thor Explorations Ltd. | THX:V | Materials | $587M | 1.9 | $331M |
| 99 | Amerigo Resources Ltd. | ARG:TO | Materials | $1.2B | 16.4 | $308M |
| 100 | Steppe Gold Ltd | STGO:TO | Materials | $336M | 7.0 | $304M |
| 101 | GreenFirst Forest Products Inc | GFP:TO | Materials | $31M | - | $304M |
| 102 | Foraco International SA | FAR:TO | Materials | $224M | 14.3 | $300M |
| 103 | Supremex Inc. | SXP:TO | Materials | $76M | 6.3 | $285M |
| 104 | Suncrete, Inc. Class A Common Stock | RMIX:US | Materials | $772M | 27.7 | $277M |
| 105 | Integra Resources Corp | ITR:V | Materials | $603M | 49.5 | $258M |
| 106 | McEwen Mining Inc. | MUX:TO | Materials | $1.2B | 11.3 | $248M |
| 107 | Bioceres Crop Solutions Corp | BIOX:US | Materials | $14M | - | $238M |
| 108 | Res Robex Inc | RBX:V | Materials | $2.0B | - | $222M |
| 109 | Luca Mining Corp. | LUCA:V | Materials | $259M | - | $212M |
| 110 | Mako Mining Corp Common Stock | MAKO:US | Materials | $656M | 12.7 | $209M |
| 111 | Mako Mining Corp | MKO:V | Materials | $915M | 12.7 | $209M |
| 112 | Cerrado Gold Corp | CERT:V | Materials | $297M | 71.3 | $206M |
| 113 | Orbit Garant Drilling Inc. | OGD:TO | Materials | $45M | - | $203M |
| 114 | Sayona Mining Limited American Depository Shares | ELVR:US | Materials | $424M | 8.2 | $202M |
| 115 | Serabi Gold PLC | SBI:TO | Materials | $248M | 2.7 | $193M |
| 116 | Geodrill Limited | GEO:TO | Materials | $135M | - | $189M |
| 117 | Sherritt International Corporation | S:TO | Materials | $165M | - | $189M |
| 118 | Heliostar Metals Ltd | HSTR:V | Materials | $716M | 17.1 | $183M |
| 119 | Americas Silver Corp | USA:TO | Materials | $1.4B | - | $182M |
| 120 | West Red Lake Gold Mines Ltd. | WRLG:V | Materials | $232M | 14.0 | $168M |
| 121 | Jaguar Mining Inc | JAG:TO | Materials | $446M | 29.1 | $168M |
| 122 | Monument Mining Limited | MMY:V | Materials | $244M | 2.5 | $166M |
| 123 | Tree Island Steel Ltd. | TSL:TO | Materials | $61M | - | $165M |
| 124 | Orvana Minerals Corp. | ORV:TO | Materials | $209M | 7.7 | $156M |
| 125 | Labrador Iron Ore Royalty Corp | LIF:TO | Materials | $1.3B | 16.4 | $153M |
| 126 | Mountain Province Diamonds Inc | MPVD:TO | Materials | $3M | - | $152M |
| 127 | Lucara Diamond Corp | LUC:TO | Materials | $187M | 2.1 | $148M |
| 128 | Sigma Lithium Resources Corp | SGML:V | Materials | $1.1B | - | $142M |
| 129 | Sigma Lithium Resources Corp | SGML:US | Materials | $788M | - | $142M |
| 130 | i-80 Gold Corp. | IAU:TO | Materials | $1.7B | - | $130M |
| 131 | Largo Resources Ltd | LGO:US | Materials | $40M | - | $127M |
| 132 | Largo Resources Ltd | LGO:TO | Materials | $55M | - | $127M |
| 133 | Guanajuato Silver Company Ltd | GSVR:V | Materials | $229M | - | $125M |
| 134 | Palisades Goldcorp Ltd. | PALI:V | Materials | $278M | 2.8 | $124M |
| 135 | Arq Inc | ARQ:US | Materials | $77M | - | $123M |
| 136 | Avino Silver & Gold Mines Ltd | ASM:TO | Materials | $1.0B | 16.5 | $118M |
| 137 | NanoXplore Inc | GRA:TO | Materials | $232M | - | $117M |
| 138 | Conifex Timber Inc | CFF:TO | Materials | $4M | - | $109M |
| 139 | Imaflex Inc | IFX:V | Materials | $122M | 117.0 | $108M |
| 140 | GoGold Resources Inc. | GGD:TO | Materials | $1.4B | 20.2 | $107M |
| 141 | Majestic Gold Corp. | MJS:V | Materials | $78M | - | $99M |
| 142 | Austral Gold Ltd | AGLD:V | Materials | $77M | 1.6 | $99M |
| 143 | Talon Metals Corp | TLO:TO | Materials | $1.2B | - | $98M |
| 144 | Bear Creek Mining Corporation | BCM:V | Materials | $82M | - | $98M |
| 145 | Namib Minerals Ordinary Shares | NAMM:US | Materials | $43M | 0.4 | $97M |
| 146 | Northern Technologies | NTIC:US | Materials | $71M | - | $92M |
| 147 | Smith-Midland Corp | SMID:US | Materials | $126M | 16.4 | $89M |
| 148 | Titan Mining Corp | TI:TO | Materials | $281M | - | $87M |
| 149 | Battery Mineral Resources Corp | BMR:V | Materials | $71M | - | $86M |
| 150 | Almonty Industries Inc. Common Shares | ALM:US | Materials | $2.5B | 48.3 | $86M |
| 151 | Acadian Timber Corp | ADN:TO | Materials | $320M | 6.3 | $84M |
| 152 | Ascent Industries Co | ACNT:US | Materials | $124M | - | $84M |
| 153 | IMPACT Silver Corp. | IPT:V | Materials | $77M | 22.0 | $81M |
| 154 | Soma Gold Corp | SOMA:V | Materials | $76M | - | $79M |
| 155 | Altius Minerals Corporation | ALS:TO | Materials | $2.9B | 7.5 | $77M |
| 156 | Lion One Metals Limited | LIO:V | Materials | $56M | 7.0 | $77M |
| 157 | Versamet Royalties Corporation Common Stock | VMET:US | Materials | $901M | 23.7 | $74M |
| 158 | Minera Alamos Inc | MAI:V | Materials | $590M | - | $73M |
| 159 | ZK International Group Co Ltd | ZKIN:US | Materials | $85M | - | $72M |
| 160 | Ecora Resources plc | ECOR:TO | Materials | $666M | 9.5 | $72M |
| 161 | One and One Green Technologies. Inc Class A Ordinary Shares | YDDL:US | Materials | $54M | 4.0 | $71M |
| 162 | Elemental Royalty Corporation | ELE:US | Materials | $1.1B | - | $71M |
| 163 | Atico Mining Corporation | ATY:V | Materials | $39M | - | $70M |
| 164 | Benchmark Metals Inc | CEI:V | Materials | $444M | 70.0 | $60M |
| 165 | Huadi International Group Co Ltd | HUDI:US | Materials | $7M | - | $58M |
| 166 | Eastern Platinum Limited | ELR:TO | Materials | $43M | - | $58M |
| 167 | Solesence, Inc. Common Stock | SLSN:US | Materials | $60M | - | $55M |
| 168 | Almonty Industries Inc | AII:TO | Materials | $4.4B | - | $50M |
| 169 | Starcore International Mines Ltd | SAM:TO | Materials | $26M | 2.9 | $46M |
| 170 | Silver X Mining Corp | AGX:V | Materials | $197M | 68.0 | $45M |
| 171 | Golconda Gold Ltd. | GG:V | Materials | $213M | 10.6 | $45M |
| 172 | Elemental Royalties Corp | ELE:V | Materials | $1.7B | 325.1 | $44M |
| 173 | Tantech Holdings Ltd | TANH:US | Materials | $8M | - | $38M |
| 174 | Osisko Development Corp | ODV:V | Materials | $978M | - | $38M |
| 175 | CN Energy Group Inc | CNEY:US | Materials | $3M | - | $37M |
| 176 | Vox Royalty Corp. Common Stock | VOXR:US | Materials | $318M | 6.6 | $33M |
| 177 | Vox Royalty Corp. | VOXR:TO | Materials | $457M | 6.9 | $33M |
| 178 | Sierra Madre Gold and Silver Ltd | SM:V | Materials | $327M | 17.9 | $33M |
| 179 | New Found Gold Corp | NFG:V | Materials | $1.1B | - | $31M |
| 180 | ASP Isotopes Inc. Common Stock | ASPI:US | Materials | $297M | - | $31M |
| 181 | Gulf Resources, Inc. (NV) Common Stock | GURE:US | Materials | $5M | - | $31M |
| 182 | Empress Royalty Corp | EMPR:V | Materials | $121M | 7.3 | $28M |
| 183 | Rochester Resources Ltd | RCT:V | Materials | $6M | - | $26M |
| 184 | Progressive Planet Solutions Inc | PLAN:V | Materials | $36M | 10.7 | $25M |
| 185 | Canaf Investments Inc | CAF:V | Materials | $16M | 8.5 | $25M |
| 186 | Magna Mining Inc | NICU:V | Materials | $552M | - | $23M |
| 187 | Millennium Group International Holdings Limited Ordinary Shares | MGIH:US | Materials | $16M | - | $22M |
| 188 | American Battery Technology Company Common Stock | ABAT:US | Materials | $202M | - | $22M |
| 189 | Eagle Plains Resources Ltd. | EPL:V | Materials | $20M | 8.5 | $21M |
| 190 | EcoSynthetix Inc | ECO:TO | Materials | $79M | - | $20M |
| 191 | Hongli Group Inc. Ordinary Shares | HLP:US | Materials | $304M | 135.7 | $20M |
| 192 | Abcourt Mines Inc. | ABI:V | Materials | $60M | - | $17M |
| 193 | China Natural Resources Inc | CHNR:US | Materials | $5M | - | $16M |
| 194 | Amaroq Minerals Ltd. | AMRQ:V | Materials | $791M | - | $16M |
| 195 | Silver Bear Resources Inc | SBR:TO | Materials | $34M | - | $16M |
| 196 | Metalla Royalty & Streaming Ltd | MTA:V | Materials | $976M | - | $16M |
| 197 | Verde Agritech PLC | NPK:TO | Materials | $38M | - | $14M |
| 198 | Purecycle Technologies Holdings Corp | PCT:US | Materials | $675M | - | $14M |
| 199 | USA Rare Earth, Inc. | USAR:US | Materials | $3.6B | - | $13M |
| 200 | Orogen Royalties Inc | OGN:V | Materials | $221M | 16.2 | $12M |