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.
IAMGOLD (TSX:IMG) has recently released assay results from its 2024 drilling program conducted at the Nelligan Project in Quebec. These results have confirmed the extension of the mineralized zones within the deposit. In addition to this, the company has also updated its mineral resource estimate for the Monster Lake Project in order to refresh the NI 43-101 technical report that was previously filed in 2018. As of 10:46 am ET, shares of IAMGOLD are down by 1.54 per cent to C$8:31. The drilling program included 17 diamond drill holes totaling 13,476.8 meters, with 15 holes completed in the resource area…
The Canadian stock market has experienced significant growth in recent weeks following interest rate cuts announced by the Bank of Canada. The S&P/TSX Composite Index has reached new all-time highs, with a 12.3% increase in the last six months. However, Canadian energy stocks are not performing as well as the broader market, with the S&P/TSX Capped Energy Index down by 1.1% in the same period. This presents an opportunity for investors to consider investments in the energy sector. Several top energy stocks in the industry are currently attractive for investors seeking high yields and long-term capital gains. Two stocks worth…
Quantum BioPharma Ltd., a biopharmaceutical company focused on developing innovative assets and biotech solutions, has initiated legal action by filing a complaint in the United States District Court for the Southern District of New York against CIBC World Markets (CIBC), RBC Dominion Securities (RBC), and other defendants. The lawsuit alleges market manipulation activities involving the use of “spoofing” techniques to influence the share price of Quantum BioPharma shares between January 1, 2020, and August 15, 2024. Quantum BioPharma seeks damages exceeding $700 million USD. Spoofing is described by FINRA as a form of market manipulation that distorts market transparency and…
On October 22, 2024, IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) and Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) announced the establishment of a joint venture (the “Joint Venture”) for the exploration and development of a portfolio of uranium properties in northern Saskatchewan’s Athabasca Basin. Both companies will contribute assets from their respective portfolios to the Joint Venture, which will consist of 10 projects covering more than 98,000 hectares in the east side of the Athabasca Basin. The Joint Venture aims to capitalize on the significant potential of these properties by combining the expertise of both companies. Highlights of the…
On October 21, 2024, Orion Mine Finance made an announcement regarding the sale of 10,000,000 common shares of Sandstorm Gold Ltd. on October 18, 2024. The sale was conducted through private transaction at a price of C$7.95 per Common Share, resulting in gross proceeds of C$79,500,000. Prior to the transaction, Orion Group owned 45,271,170 Common Shares, representing a securityholding percentage of 15.22%. Following the transaction, Orion now holds 35,271,170 Common Shares, with a securityholding percentage of approximately 11.86%. The sale of Common Shares by Orion Group was part of its ordinary business operations, with no current plans to acquire additional…
On October 22, 2024, Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) announced the completion of hole 4 in its continuing drill program at the Brett epithermal gold project in southern British Columbia. Hole B24-04 was drilled to the northeast across the Main zone to follow up on an interval of 62.06 g/t Au in historic hole B87-42. The drilling revealed sections of feldspar-hornblende porphyry dike, clay-pyrite altered zones, and silicified fault breccia with pyrite. The Brett project spans 20,043 hectares and is known for low-sulfidation epithermal-style gold mineralization in Eocene Penticton Group volcanic rocks. Various zones of mineralization,…
On October 21, 2024, Dexterra Group Inc. announced that it will be releasing its Q3 2024 results on November 5, 2024, after the market closes. A conference call and webcast are scheduled to take place at 8:30 a.m. Eastern Time on November 6, 2024. A presentation will be available on the Dexterra website at dexterra.com on November 5, 2024, in preparation for the conference call. For those interested in participating in the conference call, the dial-in number is 1-844-763-8274. Additionally, a live webcast of the conference call will be accessible on Dexterra’s website by selecting the Q3 2024 Results webcast…
New Facility Utilizes Established Technology to Enhance Product Quality and Competitiveness in the Growing THC-Infused Beverage Industry October 22, 2024 8:20 AM EDT | Source: Flora Growth Corp. Fort Lauderdale, Florida — Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) (“Flora” or the “Company”) announced the successful completion of its specialized beverage facility, along with the necessary permitting, meeting both time and budgetary requirements. This achievement marks a significant step for Flora’s entry into the beverage market. Proven Technology Adapted to the U.S. Market “The introduction of our new specialized beverage facility represents a strategic move for Flora and the broader…
Vancouver, British Columbia–(October 15, 2024) – Nine Mile Metals Ltd. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) is pleased to provide an update on its California Lake advanced geophysical program, conducted by EarthEx Geophysical Solutions Inc. (EEX). In 2022, EEX reprocessed the legacy MegaTEM and Aerodat airborne data, identifying a total of 11 Priority VMS Trends in the Company’s Western Portfolio. The current focus is on Target Areas #10 South and #11 South on the California Lake VMS Project. The structural trend highlighted by strong conductivity and coincident magnetics in the target area southeast of drill hole CL-23-10-01 shows promising signs…
BriaCell Therapeutics (TSX:BCT) recently announced positive survival data from its Phase 2 metastatic breast cancer study. According to the company, patients treated with the Bria-IMT regimen formulation, currently being used in the Phase 3 pivotal trial, experienced a one-year survival rate of 55%. This rate surpasses the survival data of the standard of care for similar patients in this study. The CEO of BriaCell Therapeutics, William V. Williams, stated that the clinical data supports their belief that the regimen can extend the survival of metastatic breast cancer patients who have not responded to existing treatments. The company is looking forward…