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 4, 2024, Cruz Battery Metals Corp. made an announcement regarding an arrangement agreement with its subsidiary, Makenita Resources Inc., to transfer the Hector Silver-Cobalt Project. This project consists of 126 unpatented mineral claims in Ontario, Canada, totaling 2,243 hectares. The company plans to spin-out all securities of Makenita received in exchange for the Hector Property to Cruz’s securityholders on a pro rata basis through a statutory plan of arrangement under the Business Corporations Act (British Columbia). The record date for this arrangement is set for October 29, 2024, with a mailing date of November 5, 2024, and a…
On October 04, 2024, Calgary, Alberta, Resolute Resources Ltd. (TSXV: RRL) announced the successful completion of a transaction to sell its former sole direct wholly-owned subsidiary, Resolute Resources Limited, to a private purchaser for $75,000 in cash. This sale included all oil and gas assets previously held by the company and its indirect subsidiary, Resolute Resources Corp. The sale, which involved the transfer of all issued and outstanding shares of the Subsidiary, also included the assumption of abandonment, reclamation, and environmental obligations related to the assets, as well as corporate, tax, and exploration liabilities. The transaction was subject to regulatory…
On October 2, 2024, Akanda Corp. announced that it has entered into a firm commitment underwriting agreement with Univest Securities, LLC, for an underwritten public offering. Univest Securities, LLC has agreed to purchase 1,500,000 common shares at a public offering price of $1.00 per share. The gross proceeds to Akanda are estimated to be approximately $1,500,000. The offering is expected to close on October 3, 2024, subject to customary closing conditions. Akanda intends to utilize the net proceeds from the offering for various purposes such as capital expenditures, operating capacity, working capital, potential milestone payments, general corporate purposes, and refinancing…
Vancouver, British Columbia–(September 26, 2024) – American Pacific Mining Corp (“American Pacific” or the “Company”) is pleased to announce the results of high-grade underground sampling and provide an update on the ongoing regional sampling work at the Company’s 100%-owned Madison Copper-Gold Project (“Madison” or the “Project”) in Montana. During a recent site visit to Madison, the Company accessed the upper levels of the Madison Mine and collected four (4) samples from the ribs of the old mine workings where visible copper oxidation and copper sulfide mineralization remains exposed. Sample highlights include: MADZH24-003: 45.50% Cu and 2.17 g/t Au, MADZH24-001: 31.00%…
After experiencing several days of subdued trading, Canada’s main stock index saw a significant rally on Friday, driven by strong performances in heavyweight markets. The focus of the market remained on the escalating conflict in the Middle East, leading to a surge in energy shares on the TSX, as well as gains in the mining, financial, and technology sectors. In the U.S., stock markets also rose as traders reacted positively to the September jobs data, which revealed a growth of 254,000 nonfarm payrolls last month. This result far exceeded the expected gain of 150,000 as forecasted by Dow Jones economists.…
Richard De Sousa, host of the Rich TV Live podcast, provides his latest insights on Stocks to Watch exclusively for Stockhouse. De Sousa discusses various sectors including oil and gas stocks, cryptocurrencies, the VIX, Meta, Home Depot, gold, silver, and more in this week’s edition of Rich TV Live Stocks to Watch. View the weekly video above to discover which companies you should consider adding to your watchlist and potentially investing in. Join the conversation on Stockhouse’s stock forums and message boards to engage in discussions and gather insights on these and other stocks. Please note that the information provided…
Nextleaf has recently shared commercial updates, including the introduction of 12 new product listings set to launch between September 2024 and early 2025. Presently, the company produces 40 products for distribution to both medical and adult use consumers nationwide. Notably, their product pipeline showcases a significant expansion into the market for minor cannabinoids. For additional details, please refer to the full story available via the provided link. In the realm of cannabis news, the top stories for the week include a cannabis company securing a position on the Report on Business annual Ranking of Canada’s top-growing companies for the fourth…
On October 4, 2024, Independence Gold Corp announced the increase in the size of its private placement equity financing to a maximum of $6.65 million due to high investor demand. The Company plans to issue up to 30,227,272 shares at a price of $0.22 per share, including flow-through common shares and units. Each unit will consist of one common share and one-half of one common share purchase warrant. The proceeds from the flow-through shares will be used for eligible Canadian exploration expenditures related to the 3Ts Project in British Columbia. The offering is expected to close on or before October…
In Vancouver, BC on September 17, 2024, Nevada King Gold Corp. (TSXV: NKG) (OTC: NKGFF) announced the discovery of five new regional targets at its Atlanta Gold Mine Project. These targets, named Lone Ranger, Northeast, Crossroads, Bounty, and Jumbo, cover a total area of 13.9km² and are situated north and northeast of the historical Atlanta Mine. The identification of these new targets marks a significant development for the 100%-owned Atlanta Gold Mine Project, located along the Battle Mountain Trend 264km northeast of Las Vegas, Nevada. The targets were identified based on geological surveys and historical drilling data conducted by Nevada…
October 04, 2024 8:30 AM EDT | Source: Weekapaug Lithium Limited Toronto, Ontario–(Newsfile Corp. – October 4, 2024) – Weekapaug Lithium Ltd. (CSE: GRUV), a Canadian mineral exploration company focused on exploration and development, is pleased to announce the successful closure of its non-brokered private placement financing, known as the LIFE Offering, in accordance with the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (NI 45-106), resulting in gross proceeds of $700,000. The Company issued a total of 23,333,333 Units at a price of $0.03 per Unit. Each Unit comprised of one Common…