Author: Alexander Lee
Alexander Lee
Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.
Whitecap Resources (TSX:WCP) has released its operating and unaudited financial results for the third quarter of 2024. The company reported that it exceeded its production expectations both in total production and liquids production. Production averaged 173,302 boe/d, surpassing the previously forecasted 167,500 boe/d. As a result, Whitecap Resources now anticipates full-year production to average 172,500 boe/d, an increase from its previous guidance of 167,000-172,000 boe/d. Shares of Whitecap Resources have decreased by 1.62% to C$10.32 as of 12:04 pm ET. The company highlighted its production momentum and operational execution, leading to a 12% growth in production per share compared to…
Canadian Natural Resources (TSX: CNQ) has recently completed the acquisition of $6.5 billion worth of assets, further solidifying its position as one of the largest energy companies in Canada and a major crude oil producer globally. With this transaction, CNQ has gained 122,500 barrels per day of active production and 1.44 billion barrels worth of reserves, enhancing its presence in the oil and gas industry in Canada. The profitability of these newly acquired assets will depend on the volatility of oil prices, which have experienced significant fluctuations throughout the year. The additional revenue from these assets could potentially generate $551…
On October 25, 2024, Flying Nickel Mining Corp., a mining company headquartered in Vancouver, British Columbia, announced that the British Columbia Supreme Court has granted the final order in connection with an arrangement involving the company, Norway House Cree Nation (NHCN), and 10197729 Manitoba Inc. Under the arrangement, NHCN will acquire the Minago Nickel Project in Manitoba, Canada from Flying Nickel Mining Corp. for $8,000,000 in cash. As part of the deal, NHCN will surrender 17,561,862 common shares in the company, assume certain royalties, and reimburse expenses related to the arrangement. The closing price of the company’s shares on the…
The recent execution of the Graphite One-Chenyu Agreements represents a significant advancement towards establishing a knowledge base for U.S. Anode Active Material (AAM) manufacturing at Graphite One’s proposed Ohio facility. This milestone includes an exclusive license granted to a leading AAM manufacturer for the North American market. Additionally, Graphite One has announced the grant of long-term incentive awards. In a recent press release dated October 21, 2024, Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF), a company focused on building a domestic U.S. supply chain for advanced graphite materials, disclosed the signing of technology license agreements and consulting agreements with Hunan…
On October 25, 2024, Cruz Battery Metals Corp. announced an arrangement agreement with its wholly-owned subsidiary, Makenita Resources Inc. This agreement involves transferring all rights to the Hector Silver-Cobalt Project to Makenita and spinning out all securities of Makenita to Cruz’s securityholders on a pro-rata basis. The arrangement will be completed through a statutory plan of arrangement under the Business Corporations Act (British Columbia). The record date for the arrangement is set for October 29, 2024, with the mailing date on November 5, 2024, and the meeting scheduled for December 11, 2024. Shareholders are encouraged to vote in support of…
On October 24, 2024, in New Plymouth, New Zealand, New Zealand Energy Corp. (NZEC), a publicly traded company (TSXV: NZ), released an update on the drilling results of the Tariki-5 gas development well. The Tariki Joint Venture, comprising NZEC Tariki Limited (50%) and L&M Energy Limited (50%), announced that the well drilled to a depth of 2,637m will be reworked back to 2,432m. Analyses show that the well intersected a fault at a depth where the company considered it the “worst-case scenario”. The original plan was for the fault to be deeper, with reservoir sand above it. As a result,…
On October 25, 2024, Body and Mind Inc. (CSE: BAMM) (OTC Pink: BMMJ), a multi-state operations-focused cannabis company, announced that it has entered into a credit facility agreement (the “Credit Facility”) with Bengal Catalyst Fund, LP (“Bengal” or “Lender”) for up to US$2.3 million. The funds from this Credit Facility are intended to be fully drawn down to support the company’s objectives, including the development of its in-process dispensary projects in Illinois and New Jersey. According to Michael Mills, CEO of Body and Mind, “The credit facility agreement provides the company with the flexibility to achieve its near-term goals, such…
Toronto, Ontario–October 15, 2024– Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) is pleased to announce the interpretation of data from the QMAGT survey conducted in summer 2024. The initial findings reveal a new high-priority target named “Steelhead” on the WIN property, extending the emerging Reduced Intrusion Related Gold System (RIRGS) targets. A future news release will explore additional findings to include Lode’s flagship Golden Culvert property as part of an ongoing geological evaluation to establish a potential genetic relationship highlighted by the new QMAGT data between RIRGS mineralization at WIN and the orogenic mineralization at Golden Culvert. Key highlights…
ATEX Resources, a publicly traded company on the TSX Venture Exchange (TSXV: ATX), recently announced that it has secured a strategic investment of C$55 million from Agnico Eagle Mines, which is also listed on the TSX (TSX: AEM). The funds raised through this investment will be allocated towards ATEX’s exploration activities at the Valeriano copper-gold project in Chile, as well as for general corporate purposes. Under the terms of the private placement, Agnico Eagle will acquire approximately 33.9 million units at a price of C$1.63 per unit, based on the closing price of ATEX Resources’ common shares on October 18.…
The 2024 corporate update from Prospera Energy Inc. (PEI) highlights the company’s restructuring efforts since 2021, focusing on key milestones achieved, challenges faced, and the strategic path forward toward achieving production stability and profitability. By the end of 2020, PEI encountered significant financial challenges, including low production, high operating costs, and the global impact of the Covid pandemic. The company’s liabilities exceeded $24 million, stemming from various sources such as secured mezzanine capital, CRA, mineral royalties, municipality property tax, landowners lease payments, and outstanding asset retirement obligations. In Q1 2021, the municipality and secured debt holder took control of payments…