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.
Valeo Pharma Inc (TSX: VPH), a Canadian pharmaceutical company, recently announced a 3% increase in revenues for the three-month period ending in January. This growth amounted to $13.5 million, up from $13.1 million in the same quarter of the previous year. The increase in revenue was mainly driven by higher sales of key products such as Allerject, Redesca injectable anticoagulant, and Simbrinza prescription eye drops. The adjusted gross profit for the period was $3.9 million, showing an 81% increase from the previous quarter’s $2.1 million. However, there was a slight decrease compared to the same period last year, attributed to…
A recent peer-reviewed study has highlighted the positive impact of Perimeter Medical Imaging AI’s artificial intelligence technology on improving outcomes for breast cancer surgery. The study demonstrated that when integrated with wide field optical coherence tomography (WF-OCT), Perimeter’s ImgAssist software enhanced productivity and decision making in surgery margin assessments. The deep learning model used in the study showed impressive levels of sensitivity and specificity, accurately identifying 96.8% of pathology-positive margins. These results suggest that AI-enhanced margin visualization using WF-OCT could potentially reduce re-operation rates in breast cancer surgery by effectively identifying residual tumors. Perimeter’s Chief Executive Officer, Adrian Mendes, emphasized…
Mitsubishi Corporation, a prominent trading company in Japan, has agreed to invest $25 million in Frontier Lithium (TSXV: FL) and its PAK lithium project mine and planned conversion facility in Ontario, Canada. The companies have entered into a definitive agreement to establish a joint venture (JV) partnership, with Mitsubishi acquiring an initial 7.5% interest in the project. Upon the completion of the definitive feasibility study (DFS), Mitsubishi will have the option to increase its stake in the JV to 25% by purchasing additional shares at a price determined by the net value of the project as outlined in the DFS.…
The Prospectors & Developers Association of Canada (PDAC), a prominent Canadian mining industry organization with approximately 7000 members and host to the world’s largest mining event, has submitted a series of recommendations to the Canadian government aimed at enhancing the global competitiveness of the local mining industry. In response to the government’s initiatives outlined in the 2023 budget, PDAC acknowledges progress but emphasizes the need for further action. As part of Finance Canada’s 2024 budget consultations, PDAC has put forth a list of suggestions to strengthen Canada’s mineral exploration and development sector. The recommendations primarily concentrate on the fiscal system,…
Blockmate Ventures (TSX-V: MATE), an international innovative investment firm, is pleased to announce the successful capital raising by its investee firm Hivello Holdings. Hivello, a prominent developer of decentralized physical infrastructure networks (DePIN), has secured an additional US$1.5 million in funding following strong investor interest subsequent to an initial US$1 million raise in December 2023. Justin Rosenberg, the CEO of Blockmate, expressed excitement over the robust response to the latest fundraising effort. A significant portion of the additional US$1.5 million was raised at a pre-money valuation of approximately US$9 million, representing an 80% premium over the previous round closed in…
Biocure Technology Inc (CSE: CURE), a Canadian biopharmaceutical company, has entered into an agreement to acquire Atriva Therapeutics GmbH, a German company, through a reverse takeover transaction. As part of the deal, shareholders of Atriva will receive a minimum of 75% of the securities of the resulting company, while the current shareholders of Biocure Technology will hold the remaining portion. Under the terms of the transaction, Atriva will pay Biocure an exclusivity fee of CAD$15,000 per month for a minimum of three months. Additionally, a finder’s fee of US$2 million will be paid through the issuance of Biocure shares at…
Cameco (TSX: CCO), a leading global uranium fuel provider, has recently reported challenges at its Cigar Lake mine and Key Lake mill operations in Canada. Technical issues have resulted in lower than anticipated production forecasts at the Cigar Lake mine, with an estimated production of approximately 16.3 million pounds of uranium concentrate (U3O8) for this year, down from the initial forecast of 18 million pounds U3O8. The issues at Cigar Lake have been attributed to equipment reliability issues and unexpected productivity challenges in a new mining area, specifically the west pod. The mine is scheduled to undergo its annual maintenance…
Canadian health and wellness company Pure to Pure Beauty Inc (CSE: PPB, FRA: 3QG0, WKN: A3CTLX) has formally entered into a share purchase agreement to acquire a majority stake in UK-based SunSeal International from owner Corium Health. As per the agreement, Pure to Pure will purchase 51% of SunSeal by issuing 5 million common shares and providing CAD$75,000 in cash. Additionally, there will be an earn-out and performance payment arrangement as well as a purchaser option agreement with Corium. These agreements will allow Corium to receive an extra CAD$75,000 in cash, along with performance-based payments of up to CAD$1 million…
New Found Gold, a Vancouver-based company listed on the TSX-V (NFG), has demonstrated significant progress in its Newfoundland project, particularly with the discovery of high-grade gold in its Iceberg deposit. The first diamond drill hole at Iceberg yielded impressive results, with an overall assay of 27.05m at 105 grams per tonne gold, including higher-grade intervals such as 1m at 756.96g/t and 7.3m at 234.69g/t. The company is currently focused on targeting two fault zones at its Queensway North project, located 18km west of Gander International Airport. The recent high-grade discovery at Iceberg, located 300m from the Keats Main fault zone,…
Novo Resources, a Vancouver-based company listed on the TSX (NVO), is currently expanding its Becher Project in Western Australia. The project has shown promising results with gold hits in 349 drill holes as part of a new campaign in the northern region of Western Australia. The Becher Project is situated in close proximity to De Grey Mining’s Mallina gold project and Hemi discovery in the Pilbara region, showcasing significant exploration potential. Utilizing a fast-tracked field sampling methodology and Chrysos PhotonAssay analysis, Novo has already identified several noteworthy gold intersections in its Becher 3,350m aircore drilling program. The company is focusing…