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.
Hong Kong, Hong Kong–(Newsfile Corp. – September 18, 2024) – Queen’s Road Capital Investment Ltd. (TSX: QRC) (“the Company”) is delighted to announce the successful completion of its recently disclosed private placement of 21,428,571 ordinary shares at a price of C$0.70 per share, resulting in total gross proceeds of C$15 million. The funds raised from this private placement will be utilized to enhance the company’s working capital. It is important to note that the shares issued in this placement are subject to a four-month resale restriction.
On September 19, 2024, a Calgary-based energy company, Greenfire Resources Ltd., publicly acknowledged an announcement made by Waterous Energy Fund Management Corp. (WEF Manager) on September 16, 2024. The announcement detailed that WEF Manager, in its role as the manager of certain limited partnerships under WEF, had entered into agreements with specific Greenfire shareholders to acquire 43.3% of the company’s Common Shares in a Proposed Acquisition. These Selling Shareholders include Allard Services Limited and Annapurna Limited, controlled by directors of Greenfire. In response, the Board of Directors of Greenfire is actively reviewing the details of the Proposed Acquisition, aligning with…
On September 18, 2024, Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) announced a strategic supply agreement with Blossom Genetics to introduce two exotic cannabis strains, Chemmy Jones and Northern Lights, to the German market. This partnership aims to meet the increasing demand for high-quality medical cannabis in Germany following the legalization of cannabis on April 1, 2024. Flora’s subsidiaries have been active in the German market since 2017, holding the first medical cannabis license in the country and operating an EU-GMP facility. With a distribution network reaching over 1,200 pharmacies in Germany, Flora is well-positioned to deliver these sought-after cannabis…
Toronto, Ontario–(September 9, 2024) – A gold exploration company based in Toronto, Ontario, completed a series of shares for debt transactions to settle outstanding accounts and loans. The company issued common shares in the capital of the company to settle debts owed to certain directors, current and former officers, and a service provider, amounting to $181,110.50. The company issued a total of 6,037,015 shares at a deemed price of $0.03 per share in connection with the transactions. The completion of the shares for debt transactions is subject to regulatory approvals, including final approval from the TSX Venture Exchange. As part…
Ur-Energy (TSX:URE) has announced a revision to its production guidance for 2024 following updates on its Lost Creek Mine operations and Shirley Basin Construction. The company stated that as ramp-up continues, five header houses are expected to come online at Lost Creek in 2024, with the most recent one being operational since mid-August. The next header house is scheduled to come online later in September, with ongoing shipments of yellowcake and dried product to the conversion facility. The company mentioned plans to redirect some drill rigs to exploration projects within the Great Divide Basin as well. Despite a slow ramp-up,…
A subsidiary of Tilray Brands (TSX:TLRY), Tilray Medical, has recently introduced Redecan-branded medical cannabis in Australia. The initial product offerings include Redecan THC28 Purple Churro and Redecan THC28 Space Age Cake, both available in 15 g packages. Tilray Brands operates as a global cannabis and consumer packaged goods company, supporting over 40 brands in more than 20 countries. The company’s stock performance has seen a decline of 27.76% year-over-year and 87.35% since 2019. The expansion of Redecan-branded medical cannabis in Australia underlines Tilray’s commitment to providing high-quality medical cannabis products to patients worldwide. The introduction of Redecan complements the existing…
For investors seeking long-term potential in the renewable energy sector, an investment in a leading renewable energy company is worth considering. This particular company has a strong presence in wind, hydroelectric, solar, and storage facilities across various regions, positioning it well for future growth. While the stock may have traded relatively flat in recent years, the long-term outlook for this company remains positive. One key aspect that makes this company attractive to investors is its dividend yield, which currently stands at over 5.7%. The company has a history of raising its dividend payout at an average rate of 6% in…
September 17, 2024 6:52 PM EDT | Source: Alma Gold Inc. Vancouver, British Columbia–(Newsfile Corp. – September 17, 2024) – Alma Gold Inc. (CSE: ALMA) (“Alma Gold” or the “Company”) is pleased to announce an increase in the size of its non-brokered private placement, as outlined in the Company’s previous news release dated September 3, 2024. The Company now plans to issue up to 3,750,000 units of the Company (each, a “Unit”) at a price of $0.08 per Unit, for total gross proceeds of up to $300,000 (the “Private Placement”). Each Unit will consist of one common share (each…
Lucara Diamond Corp. is pleased to announce the recovery of a remarkable 2,492 carat diamond from its Karowe Diamond Mine in Botswana. This exceptional find, one of the largest rough diamonds ever discovered, was identified and retrieved using the Company’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology. The stone was recovered from the processing of EM/PK(S) kimberlite, the primary ore type targeted by Lucara during the initial stages of its underground mining operations. This discovery further solidifies Karowe’s reputation as a world-class asset and reinforces Lucara’s position as a leading producer of large, exceptional diamonds. The 2,492 carat diamond…
On September 17, 2024, Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) released information regarding an Updated Preliminary Economic Assessment (PEA) by SGS Geological Services (SGS) on its Crean Hill Project in Sudbury, Ontario, Canada. The company shared two summary tables outlining the Pre and Post Tax NPV and IRR’s of the Crean Hill Project. Table 1 contained accurate numbers, while table 9 inaccurately understated the corresponding figures. The correct numbers are as follows: Pre-Tax NPV (8%): $265.3M Pre-Tax IRR: 142% Post Tax NPV (8%): $194.1M Post Tax IRR: 129% The company plans to file a technical report supporting…