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.
Fortis, a diversified North American utility company listed on the TSX, recently announced its capital outlook for the years 2025-2029. This outlook includes a planned expenditure of C$26 billion, marking the highest target in the company’s history. The company anticipates an average annual rate base growth of 6.5% from C$38.8 billion in 2024 to C$53 billion in 2029, representing an increase from the 6.3% growth projected in the 2023 outlook. Employing 9,600 individuals, Fortis operates in five Canadian provinces, 10 U.S. states, and three Caribbean countries as a regulated provider of electric and gas utilities. Fortis’ stock performance has shown…
Cardiol Therapeutics is a clinical-stage life sciences company focused on researching and developing anti-inflammatory and anti-fibrotic therapies for heart disease treatment. Their lead small molecule drug candidate, CardiolRx™ (cannabidiol) oral solution, is currently in clinical development for heart disease treatment. The company has received authorization from the United States Food and Drug Administration for clinical studies on the efficacy and safety of CardiolRx in treating pericarditis and acute myocarditis, both inflammatory heart diseases. In addition, Cardiol is developing a subcutaneously administered drug formulation of cannabidiol for heart failure, a leading cause of death and hospitalization globally. Key highlights of the…
On September 26, 2024, Canaf Investments Inc. (TSXV: CAF), a corporation based in Vancouver, British Columbia, released its Financial Statements and Management Discussion and Analysis for the 9-month period ending July 31, 2024. The company also announced the establishment of a new subsidiary in South Africa. During the 9-month period, Canaf Investments Inc. reported revenue totaling CAN$24,959,020 (compared to CAN$21,285,662 in 2023) with a net income of CAN$1,524,784 (compared to CAN$1,382,244 in 2023). The trailing earnings per share as of July 31, 2024, was recorded at CAN$0.05/share. Shareholder equity as of July 31, 2024, amounted to CAN$10.9 million, resulting in…
VANCOUVER, BC, Sept. 17, 2024 – GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) announced today that it has experienced additional interest beyond the initial private placement offering of up to 12,500,000 units at a purchase price of $0.16 per unit, resulting in gross proceeds of $2,000,000. As a result, the Company has decided to expand the offering to include up to 15,000,000 units at a price of $0.16 per unit, with potential gross proceeds of up to $2,400,000. The terms of the offering remain consistent with those outlined in the Company’s September 9, 2024, news release. This…
On September 26, 2024, CanAlaska Uranium Ltd. reported positive results from its summer diamond drill program at the Pike Zone on the West McArthur Joint Venture project in the eastern Athabasca Basin. The program yielded multiple ultra high-grade uranium intersections, with the highlight being 3.88% eU3O8 over 13.2 meters, including 23.22% eU3O8 over 2.0 meters. These results expand the high-grade footprint at the Pike Zone and suggest the potential for additional zones of ultra high-grade uranium mineralization. The company, which operates the West McArthur project in a Joint Venture with Cameco Corporation, holds an 83.35% ownership in the Project. The…
On September 25, 2024, SpinXpress Laundry, a prominent provider of laundry services, announced the launch of its newest location in Corpus Christi, Texas. Situated at 6410 Weber Rd, Suite 1, Corpus Christi, TX 78413, this new SpinXpress facility aims to revolutionize the way local residents handle their laundry needs. The state-of-the-art facility offers a range of premium laundry services designed to enhance convenience and efficiency for customers. In addition to traditional laundry offerings, SpinXpress provides services such as pick-up and drop-off, catering to a variety of customer needs, from individuals to families. The company’s commitment to customer convenience is evident…
On September 25, 2024, Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301), a leading company in the cannabis industry, issued a statement commending U.S. Senator Ron Wyden for introducing the Cannabinoid Safety and Regulations Act. This legislation aims to establish a comprehensive framework to ensure the safe production, labeling, and marketing of cannabinoid products to adults, with strict measures in place to prevent access by children. The bill has received strong support from key industry organizations, including the U.S. Hemp Roundtable, the National Cannabis Industry Association, the National Industrial Hemp Council, and various state hemp industry associations. Clifford Starke, Chairman, and…
Vancouver, British Columbia–(September 9, 2024) – Mineral Road Discovery Inc. (CSE: ROAD) (the “Company” or “Mineral Road”) is pleased to announce the successful completion of the final tranche of its non-brokered private placement. The Company raised an additional $7,500 through the issuance of 150,000 common shares at a price of $0.05 per share. The shares issued are subject to a four-month hold period expiring on January 7, 2025. The proceeds from this offering, totaling $572,500 to date, will be utilized for general working capital purposes. It is important to note that the securities mentioned in this news release have not…
Following a surge to record-high levels earlier this month driven by domestic and U.S. interest-rate cuts, Canada’s main stock index experienced a decline on Wednesday. The energy sector’s downturn was the primary factor contributing to this pause for the TSX, with decreases also seen in the mining, industrials, and tech sectors. Economists have expressed concerns that China’s stimulus measures may not be sufficient to boost domestic demand. In the U.S., market performance was weaker, although all three major averages are still set to end September on a positive note. Lingering worries about a slowing economy persist following the Federal Reserve’s…
The transcription of the video above has been edited by The Market Online for clarity. Sonoro Energy Ltd. (TSXV:SNV), headquartered in Calgary, is a company focused on oil exploration and production in Canada and internationally. Greg Renwick, the new CEO of Sonoro Energy, recently shared insights with The Market Online regarding his background, the company, and its future projects. Renwick’s professional journey includes 25 years with Mobil Oil in various technical and management roles worldwide, culminating in business development positions in Southeast Asia and the former Soviet Union. Under Renwick’s leadership, Sonoro Energy aims to leverage its experience and innovative…