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.
The Canadian main stock index reached a record high on Friday, driven by gains in mining shares, amid market speculation of a larger U.S. interest-rate cut by the Federal Reserve next week. The tech and energy sectors also contributed to the broad-based rally on the TSX. A recent report indicated a 0.4% growth in wholesale trade in July compared to June, while Canadian industries operated at 79.1% capacity in Q2 2024. U.S. markets closed near record highs, completing their fourth winning week in the past five. The Canadian dollar traded at 73.58 cents U.S. versus 73.64 cents U.S. on Thursday,…
Energy Fuels (TSX:EFR) has announced plans to reopen its Nichols Ranch in-situ recovery uranium mine located in Wyoming. The company anticipates commencing production in the last of its permitted Production Area 2 by July 1, 2025, subject to market conditions. Mark Chalmers, CEO of Energy Fuels, expressed satisfaction with the progress made in preparing Nichols Ranch for potential production restart in 2025. The company is currently undertaking delineation drilling and intends to advance infrastructure development in its permitted PA2 area at the mine. Energy Fuels emphasized the strategic importance of the Nichols Ranch ISR facility in its development pipeline. Additionally,…
A Tax-Free Savings Account (TFSA) presents a valuable opportunity for Canadians to grow their wealth. The tax-free nature of gains from dividends, interest, and capital appreciation makes TFSA investments an attractive option for individuals looking to maximize their returns without the burden of taxes. With just a modest initial investment of $7,000, strategic investing in dividend stocks or growth-oriented exchange-traded funds (ETFs) can lead to substantial long-term growth. By allowing investments to compound over time without tax implications, individuals can benefit from the power of compounding and see their money grow unhindered by government taxes. Furthermore, TFSA investors have the…
On September 13, 2024, Core Nickel Corp., a junior nickel exploration company based in Saskatoon, Saskatchewan, announced its intention to conduct a non-brokered private placement offering of up to 8,000,000 flow-through units (FT Units) at a price of $0.05 per FT Unit, with the goal of raising proceeds of up to $400,000. The FT Units will consist of one flow-through common share of the Company and one half of one common share purchase warrant (Warrant). Holders of the Warrants will have the right to purchase one common share of the Company at a price of $0.06 within three years of…
On August 21, 2024, Patriot Battery Metals Inc. announced that Ken Brinsden, the Company’s President, CEO, and Managing Director, will be hosting a live investor webinar to present the findings of the Preliminary Economic Assessment on the Shaakichiuwaanaan Project. The PEA report highlighted the Shaakichiuwaanaan Project as a potential North American lithium raw materials supply base. During the webinar, Mr. Brinsden will discuss the key findings of the PEA, and participants will have the opportunity to submit questions via the online Q&A portal. Questions can also be sent in advance via email to the Company’s Investor Relations managers – Brad…
On September 13, 2024, a Canadian mineral exploration company, Weekapaug Lithium Ltd., announced a non-brokered private placement of units at a price of $0.03 per unit, with minimum and maximum aggregate gross proceeds of $500,000 and $700,000, respectively. The offering, known as the LIFE Offering, will consist of common shares and warrants. The net proceeds from the offering will be used for property development, general working capital, and debt repayment, in accordance with CSE policies. The Company may compensate eligible finders with a cash commission and finder’s warrants. The offering may be completed in multiple closings, with the final closing…
Cardinal Energy Ltd. (TSX: CJ) has announced the payment of a dividend of $0.06 per common share to its shareholders on October 15, 2024. Shareholders of record on September 30, 2024 will be eligible to receive this dividend, which has been declared payable in cash. This dividend is classified as an “eligible dividend” for Canadian income tax purposes. Cardinal Energy Ltd. is a Canadian oil and natural gas company.
On September 12, 2024, a press release was issued from Panama City, Panama regarding the annual meeting of shareholders of a company referred to as the “Issuer”. During the meeting held on August 14, 2024, shareholders approved the issuance of stock appreciation rights (SARs) to Clifford Starke, referred to as the “Acquiror”. The SARs were issued on December 15, 2023, and August 14, 2024, totaling 1,028,665 and 575,319 SARs respectively. These SARs vest in 12 equal installments, subject to specific share price criteria, with a ten-year term and post-termination exercise price of one year. Prior to the completion of the…
Kodiak Copper Corp., headquartered in Vancouver, British Columbia, recently announced the results of the initial drilling from the fully funded 2024 drill program at its MPD copper-gold porphyry project in southern British Columbia. The results were attained from the Company’s first hole drilled at the Adit Zone (MPD South) and four exploratory holes at the Belcarra Target (MPD North). At the Adit Zone, Kodiak’s initial drilling revealed high-grade mineralization near the surface, extending the copper-gold-silver porphyry system observed at surface and in historical drillings. The Adit Zone, open in multiple directions, showcased the best hole ever drilled at Adit, with…
Telesat (TSX:TSAT) has successfully finalized government funding agreements for its Telesat Lightspeed Low Earth Orbit broadband satellite constellation project. These agreements, closed with the governments of Canada and Québec for C$2.14 billion and $400 million respectively, secure the necessary financing to fully support the global Telesat Lightspeed network. This network encompasses satellites, launch vehicles, a terrestrial network of landing stations, and business and operational support systems. The Government of Canada loan details are as follows: an amount of C$2.14 billion, with a floating interest rate set at 4.75 percent above the Canadian Overnight Repo Rate Average (CORRA), a maturity period…