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.
A comprehensive surface exploration program has commenced at the Troilus East Project in the Chibougamau region of Québec. Fieldwork has begun with till sampling crews mobilized to collect 950 till samples from areas where lithium, copper, and gold anomalies have been identified. The geology team will conduct boulder and outcrop prospecting as part of the program, which includes 31 planned traverses and is expected to be completed by early September with lab results anticipated in October. Upcoming news includes assay results from the June 2024 Liberty field program and follow-up exploration programs on Liberty, Troilus, and newly acquired projects. The…
On August 27, 2024, Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) (FSE: O0K) announced the commencement of Phase I exploration at the Constellation uranium project in Canada’s Athabasca Basin region. The exploration program will focus on prospecting and ground-truthing magnetic and electromagnetic anomaly areas identified during a previous Geotech heliborne VTEM program. The objective is to assess these anomalies in preparation for drilling in the first half of 2025. Bayridge is fully funded to carry out both the surface exploration and an initial drill campaign. President & CEO, Saf Dhillon, expressed optimism about the preliminary VTEM results and the…
Vancouver, British Columbia–(Newsfile Corp. – August 27, 2024) – Inca Gold Corp. (TSXV: INCA.H) (the “Company”) has provided an update on its financial restructuring process. Following previous press releases on June 4, 2024, June 14, 2024 and July 25, 2024, the Company has confirmed that, under the Companies Creditors Arrangement Act (“CCAA”), the Supreme Court of British Columbia has approved an extension of the Stay Period outlined in the Second Amended and Restated Initial Order until October 7, 2024. More details on the CCAA proceeding will be made available as the process progresses.
On August 27, 2024, Permex Petroleum Corporation announced the appointment of Richard Little and Kevin Nanke to its Board of Directors. Richard Little, currently the CEO of Fury Resources, brings over 25 years of industry experience, with notable accomplishments including a $1.24B asset sale at Ajax Resources, LLC. Mr. Little holds a Petroleum Engineering degree from Texas A&M and is actively involved in industry organizations. Kevin Nanke, with more than 30 years of experience in finance and accounting in the oil and gas sector, previously held executive positions at Delta Petroleum Corporation. Mr. Nanke played a key role in the…
Robert Gill, a senior vice president and portfolio manager at Goodreid Investment Counsel, shares his insights on investing in Canadian equities compared to U.S. equities. During an interview on The Market Online, Gill discusses his perspective on the attractiveness of the TSX over the S&P 500 in the current market conditions. Gill emphasizes that historical data dating back to the 1980s supports the notion that the TSX offers a more favorable rate compared to the S&P 500. He also highlights the higher dividend yield of the TSX index at around 3.2% as opposed to the S&P 500’s lower yield of…
Generative artificial intelligence (AI) platforms, like ChatGPT, have experienced significant growth in the past 18 months and continue to develop. Many companies are increasing their data center capacity to keep up with the AI trend. According to Nvidia CEO Jansen Huang, these companies could invest close to $1 trillion in the next four years to expand their data center capabilities. AI-based data centers require a substantial amount of energy, with a demand of 90 megawatts, three times more than traditional data centers. This growing power demand presents significant opportunities for power producers worldwide. An IEA report predicts that electricity consumption…
On August 27, 2024, Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) announced the appointment of Carl J. McGill as a new director. McGill brings over 30 years of experience in capital markets, finance, business management, and banking in both private and public sectors. He will serve as the Audit Committee Chair for Tartisan Nickel Corp. Prior to joining Tartisan Nickel Corp., McGill held executive positions in various companies, including Trojan Gold Inc., Carlisle Goldfields Ltd., and Goldtrain Resources Inc. Mark Appleby, CEO of Tartisan Nickel Corp., expressed excitement about McGill joining the team, citing his expertise in public…
On August 27, 2024, Quinsam Capital Corporation (CSE: QCA) released its Q2/2024 financial results, reporting a net loss of $0.5 million ($0.005 per share basic, $0.005 fully diluted) compared to a net loss of $0.9 million ($0.009 per share basic, $0.009 fully diluted) in Q2/2023. The full financial statements can be accessed by investors on sedarplus.ca. CEO Roger Dent commented, “As of June 30, 2024, our net assets amounted to approximately $0.13 per share outstanding. Despite this, our shares are trading at a significant discount from NAV. Additionally, our more liquid investments exceed $0.05 per share.” The Q2 net loss…
Cantex Mine Development Corp., a mining company traded on the TSXV and OTCQB, headquartered in Kelowna, BC, released promising results from its 2024 drilling program. The company reported significant copper and silver mineralization found in four of the five holes drilled at the Copper Project on the western side of North Rackla property. Assays from holes YKDD24-287, 288, and 289 indicated notable copper mineralization, such as 2.9 meters of 4.54% copper in hole YKDD24-287 and 13 meters of 0.86% copper in hole YKDD24-288. At the drilling site, the potential for an extensive and high-grade discovery was observed, prompting a geophysical…
The press release dated August 27, 2024, provided an update on the activities and projects of a mineral exploration company. The company, referred to as Manganese X Energy Corp, aims to become the first publicly traded mining entity in Canada and the US to commercialize High Purity Electric Vehicle (EV) compliant manganese. The CEO of Manganese X, Martin Kepman, expressed optimism about the future outlook of the company in light of the increasing investments in EV battery production facilities by the Canadian government. He highlighted the anticipated shortage of high-purity manganese by 2030, positioning Manganese X as a key player…