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 September 17, 2024, Argo Gold Inc. participated in a second horizontal oil well project at Lloyd in the General Petroleum (GP) Formation, with a pro rata interest of 18.75%. The well, named Lloyd 2, was drilled in late August, equipped in early September, and is already on production. This marks Argo’s fourth oil well involvement, alongside Lindbergh 1, Lloyd 1, and Lindbergh 2. Plans for developing a third oil well at Lindbergh are scheduled for Q4 2024. Argo Gold is a Canadian mineral exploration, development, and oil production company. More information about Argo Gold can be found on SEDAR…
On September 17, 2024, Greene Concepts Inc. (OTC Pink: INKW) announced its selection for the second consecutive year to present at Walmart’s 2024 Open Call event at the company’s headquarters in Bentonville, AR. This year, Greene Concepts will introduce its new gallon-sized bottling line to representatives from Walmart and Sam’s Club. Following the success of receiving Walmart’s “Golden Ticket” for its BE WATER™ brand at the 2023 Open Call, Greene Concepts is expanding its production to include gallon-sized jugs of artesian spring water for distribution. The company is excited to showcase these new products to Walmart and Sam’s Club buyers…
Goldshore Resources Inc. is pleased to announce the completion of the review and confirmation of the mineral resource model by G Mining Services for its use in the Preliminary Economic Assessment (PEA) study. The Company’s share price has shown significant outperformance compared to the VanEck Junior Gold Miners ETF (GDXJ) by 155% since the release of the updated Mineral Resource Estimate (MRE) on February 6, 2024. Following the summer drill programs, a fault along the western edge of the Moss Gold Deposit was identified, leading to a strategic focus on expanding the deposit to the west around the Moss Nose…
Barrick Gold (TSX: ABX) has forecasted a 30 percent growth in gold-equivalent production from its current asset base by 2030. The company’s CEO, Mark Bristow, shared this projection at the Gold Forum Americas event held in Colorado Springs, Colorado from September 15 to September 18. Barrick Gold currently operates six Tier 1 gold mines with plans for additional mines in the pipeline. Despite a slight decrease in its share price, closing at C$27.85, the company remains optimistic about its future prospects. Bristow emphasized Barrick’s focus on building a sustainable and profitable gold and copper business by leveraging its world-class assets.…
In 2024, Canadian investors have experienced a positive year with the S&P/TSX Composite Index showing a 10% increase, excluding dividends. Despite the market’s strong performance, there are still opportunities available on the TSX for strategic investors. One area of interest within the Canadian stock market is the renewable energy sector, which offers well-priced, high-yielding stocks currently. Although the sector has seen a decline since early 2021, long-term investors who are patient may find this a promising buying opportunity. It is important to note that quick profits may not be easily achievable in this sector. While the renewable energy sector is…
Goldshore Resources Inc. provided an update on resource expansion targets at the Moss Deposit, indicating potential for an increase in the current resource of 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. These expansion targets offer the opportunity to improve the ounce profile and reduce the strip ratio, ultimately enhancing project economics. The identified targets are strategically located within the top 200m from the surface, either within or adjacent to the conceptual open pit shell defined in the Company’s current mineral resource estimate. There are…
Mountain Province Diamonds Inc. (MPVD) has announced the completion of an updated mineral reserve, mineral resource estimate, and life of mine plan for the Gahcho Kué Mine, a joint venture located in Northwest Territories, Canada. The updated plan includes a reevaluation of the pit walls to increase the value extracted from the mine. The company plans to file a technical report in accordance with National Instrument 43-101 within 45 days of this announcement. The updated plan shows an estimated operating cash flow of $626 million for Mountain Province’s 49% share from remaining open pit mining operations. The ore processing is…
On September 16, 2024, Hertz Energy Inc. announced the acquisition of the Lake George Antimony Property in the Province of New Brunswick. The Property consists of 93 mineral claims covering approximately 2,104.5 hectares, surrounding the historical Lake George Antimony Mine. The Lake George Mine was formerly the largest antimony producer in North America, with a history of production from 1876 to 1996. It includes en-echelon gold-bearing polymetallic and antimony veins with massive stibnite in Ordovician sedimentary and volcanic rocks. The Property has been acquired by Hertz Energy through staking, with no underlying agreements or royalties attached to the claims. The…
On September 16, 2024, Tuktu Resources Ltd. (TSXV: TUK) provided an update on its recent light oil pool discovery in the southern Alberta Deep Basin, initially announced on July 30, 2024. During the last 30 days of production from August 17, 2024, to September 15, 2024, the well averaged 413 bbl/d fluid (408 bbl/d oil). Over the last seven days of production from September 9, 2024, to September 15, 2024, the well averaged 417 bbl/d fluid (411 bbl/d oil). The initial well test on July 28, 2024, indicated that the well tested between 327 to 383 bbl/d, with frac-water cuts…
On September 16, 2024, Akanda Corp, a global cannabis company, announced that it has received a license for hemp cultivation in Canada. This license is a result of Akanda’s agreement with 1107385 B.C. LTD and signifies a significant step forward in the company’s strategic endeavors within the Canadian cannabis market. This milestone underscores Akanda’s dedication to realizing its strategic goals and establishing itself as a prominent player in the global cannabis industry. Akanda Corp is an international company focused on medical cannabis and wellness solutions, aiming to enhance individuals’ lives through improved access to high-quality and cost-effective products. The company’s…