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.
On October 11, 2024, Ottawa, Ontario, Northern Graphite Corporation announced the resignation of Guillaume Jacq as Chief Financial Officer (CFO), effective November 30, 2024. Mr. Jacq will continue in his role until his departure. The company will begin a formal search process for Mr. Jacq’s successor as CFO. In the meantime, Niall Moore, Northern’s Group Controller, will act as the interim CFO. Mr. Moore brings over 35 years of financial management experience to this role. CEO Hugues Jacquemin expressed gratitude to Guillaume for his contributions and welcomed Niall as the interim CFO. Mr. Jacq shared his pride in the company’s…
October 08, 2024 2:00 AM EDT | Source: PetroTal Corp. Calgary, Alberta and Houston, Texas–(Newsfile Corp. – October 8, 2024) – PetroTal Corp. is pleased to announce its recent operational and financial updates. All financial figures are denominated in US dollars unless otherwise specified. Key Highlights Q3 production averaged 15,160 barrels of oil per day (bopd), marking a 39% increase compared to Q3 2023. Anticipated annual production for 2024 remains on track to meet upper range guidance. Total cash balance as of September 30, 2024 amounted to $133 million, reflecting an 18% increase compared to Q3 2023. Well 20H achieved…
On October 14, 2024, Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) announced a distribution agreement with Canopy Growth Corp. (NASDAQ: CGC) to distribute Canopy’s Storz & Bickel medical line of vaporizers in Australia through Flora’s subsidiary, Australian Vaporizers. This agreement signifies an expansion of Flora’s presence in the Australian medical cannabis market. Market research indicates that the Australian medical cannabis market size was estimated at $94 million and is expected to grow at a CAGR of 33.6% from 2024 to 2030. Additionally, the global handheld marijuana vaporizer market is approximately $5 billion and is projected to grow at a 13.4%…
Toronto, Ontario–On September 25, 2024, Maritime Resources Corp. announced the appointment of Allen Palmiere as Chairman of the Board. This decision comes as the company prepares for the development phase with the upcoming cash flow from the Hammerdown Gold Project in Newfoundland and Labrador. John Hayes, the previous Chairman, will remain on the Board. In light of the recent $8 million rights offering supported by Dundee Corporation, Maritime’s largest shareholder, who increased their ownership to approximately 43%, Allen Palmiere’s 35 years of experience in the mining industry is expected to be a valuable asset at this pivotal stage. Garett Macdonald,…
Lithium-ion batteries are prevalent in various modern devices, including electric vehicles (EVs), raising concerns about their sustainable recycling and disposal. Improper handling of lithium-ion batteries can pose safety and environmental hazards due to the presence of harmful chemicals. For investors interested in Canadian lithium stocks, understanding the importance of recycling and investing in this emerging market is both an ethical responsibility and a strategic opportunity. This article aims to explore effective methods for recycling and disposing of used lithium batteries while emphasizing the significance of proper battery management practices. The recycling of lithium batteries is crucial as they contain valuable…
When evaluating a monthly dividend stock, investors should consider important factors such as the stock’s dividend yield, the consistency and reliability of payments, and the company’s growth track record. It is essential to avoid stocks with excessively high yields, as this may indicate potential risks. Additionally, investors should assess the financial strength of the company to ensure it can sustain regular dividend payments. Stability in the stock price is also important to prevent capital losses while enjoying monthly payouts. Energy stocks can be a favorable choice for monthly dividends due to their essential services that people rely on regardless of…
On October 11, 2024, Spark Energy Minerals Inc., an exploration company focused on battery metals discovery in Brazil’s Lithium Valley, announced advancements in its Arapaima Lithium Project. The Company is actively exploring spodumene rich pegmatites (SRPs) within its expansive 64,000+ hectare tenement package in the Lithium Valley. Key points include Spark’s possession of the largest contiguous tenement package in the Lithium Valley, promising geological potential supported by G4 granite intrusions and favorable basement formations, and the recent positive lithium discoveries by Australian Junior Explorer Si6 on nearby lands. Spark’s geological team has identified priority exploration targets using advanced techniques, highlighting…
Sigma Lithium Corporation, a leading global lithium producer, has successfully shipped its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi, marking the company’s second sale to the Japanese industrial conglomerate. This shipment is part of Sigma Lithium’s ongoing efforts to deliver 60,000 tonnes of Quintuple Zero Green Lithium in the third quarter of the year. In addition to this operational milestone, Sigma Lithium has announced the appointment of Rogerio Marchini as the Executive Vice President of Corporate Finance and Chief Financial Officer. Marchini brings over 24 years of experience in finance, including significant roles at Origo and Embraer, two…
On October 11, 2024, Graphene Manufacturing Group Limited provided a quarterly update regarding its “at-the-market” equity program. This program, initiated on June 13, 2024, allows the company to issue and sell up to $20,000,000 of its ordinary shares on the TSX Venture Exchange through an equity distribution agreement with Cantor Fitzgerald Canada Corporation. During the quarter ending on September 30, 2024, the company issued a total of 208,000 Ordinary Shares at an average price of C$0.6759 per share under the ATM Program, generating gross proceeds of C$140,580.70. Commissions of C$4,217.42 were paid to the Agent for facilitating these distributions. GMG…
On October 10, 2024, at 5:00 PM EDT, Dexterra Group Inc. (TSX: DXT) announced that the Toronto Stock Exchange (TSX) has approved its notice of intention to amend its normal course issuer bid (NCIB) that began on May 23, 2024. The NCIB, which expires on May 22, 2025, now allows for the acquisition of up to 3,207,361 common shares, representing approximately 5.0% of Dexterra’s issued and outstanding common shares as of May 16, 2024. Fairfax Financial Holdings Limited and its subsidiaries will maintain their proportionate interest in Dexterra through the end of 2024. The increase in the maximum number of…