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 August 28, 2024, New Zealand Energy Corp. (TSXV: NZ) made an announcement regarding the filing of its Q2 2024 consolidated financial results and accompanying management discussion and analysis report with Canadian regulatory authorities. These documents can be accessed on the company’s website at www.newzealandenergy.com and on SEDAR at www.sedar.com. Chairman James Willis provided insights on the second quarter 2024 results, indicating a total comprehensive loss of $2,100,963, with an increase of $2,588,788 in cash held. The company used $1,541,045 in operating activities for the quarter. Mr. Willis highlighted the focus on the Tariki gas development project, expressing that all…
The Canadian main stock index experienced a decline on Wednesday, with the financial sector being the only gainer due to positive domestic lender earnings. The mining sector, followed by the tech and energy markets, led the losses on the TSX. U.S. investors are awaiting NVIDIA Corp.’s quarterly earnings to assess the health of the AI and tech trade. The Canadian dollar traded at 74.21 cents U.S., slightly lower compared to the previous day. U.S. crude futures were down $0.78 to $74.75 a barrel, while the Brent contract lost $0.73 to $78.82 a barrel. Additionally, the price of gold decreased by…
Renowned investor Warren Buffett, also known as the Oracle of Omaha, has consistently outperformed the broader markets for nearly seven decades. His investment moves are closely watched by Wall Street due to his successful track record of generating significant gains over time. Currently serving as the chairman of a conglomerate, Buffett’s recent SEC filings show that the conglomerate reduced its stakes in technology giant Apple and banking institution Bank of America in the second quarter of 2024, resulting in an increased cash reserve of US$277 billion. This strategic move has surprised investors, leading to speculation that Buffett may be preparing…
On August 28, 2024, PharmaDrug Inc., a specialty pharmaceutical company focused on the research, development, and commercialization of controlled substances and natural medicines, announced strategic plans to advance the clinical development of its patented enteric-coated Cepharanthine formulation (PD-001) for viral infectious diseases. Following approval by the Australian Human Research Ethics Committee to initiate a first-in-human Phase 1 clinical study for PD-001, PharmaDrug aims to further develop this potential treatment through pharmaceutical partnerships or government support, including engagement with organizations such as the Biomedical Advanced Research and Development Authority. CEO Robert Steen expressed enthusiasm for progressing PD-001 as an anti-viral treatment,…
Intrepid Metals Corp. has announced that it has amended the option to purchase agreement with Bronco Creek Exploration Inc. for the Mesa Wells Project in Arizona, USA. This amendment extends the deadline for completing the required work commitment of US$250,000 from August 24, 2024 to August 24, 2026. As part of the agreement, an additional 50,000 common shares of Intrepid will be issued to the Vendor. CEO of Intrepid, Ken Brophy, stated, “Mesa Well remains an important project for the Company, and we are exploring ways to optimize shareholder value. While resources have been allocated to the initial drill program…
On August 28, 2024, TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) announced the receipt of $196,416.00 in principal funding under a funding commitment agreement with Prime Resources Holdings, Inc. The loan, provided by the lender, was evidenced by an unsecured interest-bearing promissory note accruing interest at a rate of prime plus 2.0% per annum and maturing in February 2026. To date, the company has borrowed a total of $1,181,348.45 from the lender through various promissory notes. The funds from the latest loan will be used to cover accrued expenses and for general corporate purposes. The transactions between TVI and…
VANCOUVER, BC, Aug. 19, 2024 – LiTHOS Group Ltd. (“LiTHOS” or the “Company”), a leader in innovative lithium extraction technologies, is pleased to announce that Scott Taylor, CEO of LiTHOS, has been selected by the Denver Section of The Society of Petroleum Engineers (SPE) to receive the 2024 Outstanding Denver Technical Presentation Award. This prestigious award recognizes Mr. Taylor’s significant contributions to the oil and gas industry. The Society of Petroleum Engineers (SPE) is a not-for-profit professional association with 127,000 members across 145 countries, providing opportunities for knowledge exchange through various events, training, publications, and programs. Mr. Taylor’s recognition reflects…
On August 28, 2024, Vital Energy Inc., a publicly traded junior oil and gas company based in Calgary, Alberta, announced amendments to its existing credit facility. The company has increased the available loan amount from $10 million to $15 million and extended the maturity date from December 4, 2024 to August 28, 2025. The core focus of Vital Energy Inc. is on light and medium crude oil production in Western Canada. This press release contains forward-looking statements regarding Vital’s business and the Credit Facility. Various factors and assumptions, such as economic conditions, commodity prices, and operational risks, may impact the…
On August 28, 2024, AJN Resources Inc. announced the granting of 500,000 incentive stock options to two directors under the company’s omnibus equity incentive compensation plan. These options have a two-year term, an exercise price of $0.15 per common share, and vest immediately. AJN Resources Inc. is a junior exploration company led by management and directors with over 75 years of collective industry experience. The company has a successful track record in exploration, financing, and developing major mines globally, with a particular focus on Africa, notably the Democratic Republic of the Congo. It is important to note that the information…
On August 28, 2024, 22nd Century Group, a tobacco products company based in Mocksville, North Carolina, announced that it has successfully secured an additional $1.68 million in gross proceeds from institutional investors through its Regulation A offering priced at $0.57, as well as from a separate private placement of common warrants. In addition, the company entered into an amendment to its existing debentures with JGB Partners and related entities. The amended debenture agreements with JGB include the suspension of provisions requiring 20% of any equity issuances to be paid to the holders until December 31, 2024. JGB will also limit…