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 27, 2024, Inca One Gold Corp., a company based in Vancouver, British Columbia, announced that the Supreme Court of British Columbia has approved a Claims Process Order as part of the company’s ongoing Companies’ Creditors Arrangement Act (CCAA) proceedings. This order establishes a framework for a “Claims Process” wherein known creditors will receive a Claims Notice outlining the amount and status of their claim. Creditors can either accept the information provided in the Claims Notice or dispute it by submitting a Proof of Claim Form to the court-appointed Monitor, FTI Consulting Canada Inc. All creditors, including those with…
Valeura Energy has significantly increased oil production at its Nong Yao C oil field development located offshore in the Gulf of Thailand. The Nong Yao complex is currently operating at full processing capacity, with a consistent average production of 13,400 barrels per day over the past week. Valeura aims to maintain production rates at around 11,000 barrels per day for the remainder of the year. Valeura Energy Inc. commenced trading at C$5.39 per share. The company’s president and CEO, Sean Guest, expressed satisfaction with the stable production levels from six of the development wells, with plans to activate a seventh…
As the world continues to pivot towards a green future, one sector is rapidly gaining prominence—electric vehicles (EVs) and battery technologies. With governments worldwide pushing for net-zero emissions targets, the demand for battery metals like lithium, cobalt, nickel, and copper has skyrocketed. This trend has ignited a modern-day “gold rush,” particularly benefiting junior mining companies in Canada, a country rich in these critical minerals. This surge in battery demand presents a unique opportunity for Canadian junior miners, who are now emerging as key players in the global race for the resources needed to power the future. In this article, we’ll…
On August 27, 2024, Bullion Gold Resources Corporation announced new sampling results from its Bodo project. Despite a brief work period, the initial results from surface sampling revealed a promising perspective on the polymetallic potential of the project. The work focused on the Rivon Lake and Canico showings. Key highlights included a significant presence of base metals, gold, and silver at Rivon and Canico, as well as anomalous contents of Cu, Zn, Ni, Co, Au, and Ag in most areas visited. Although a bag containing samples from the massive sulfide zone was lost, future sampling in that sector is planned.…
European Energy Metals, a mining company operating in Vancouver, British Columbia, has recently identified new areas of Lithium-Cesium-Tantalum (LCT) pegmatite mineralization on its Central Finland Lithium Project. The company has collected 450 rock chip grab samples for analysis at ALS Laboratory, with the results pending. Pegmatite boulder trains have been traced over 1200 meters, with individual boulders containing spodumene locally up to +4 meters in diameter. Additionally, European Energy Metals has recently submitted five new Exploration License applications totaling 10,220 hectares, bringing the total holdings to 15,770 hectares. These new licenses are contiguous with Keliber’s licenses and located within 1…
August 27, 2024 6:30 AM EDT | Source: Carolina Rush Corporation Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) has initiated drilling activities at the Brewer Gold-Copper Project in South Carolina after obtaining analytical results from the first seven holes of the Phase IV drilling program. The focus of the current drilling initiative is the newly discovered Tanyard Breccia Zone situated south of the historic Brewer Mine, as specified in the news release of February 28, 2024. The assay results have verified the presence of a mineralized breccia body containing gold-copper mineralization within a zone characterized by intense quartz-pyrophyllite alteration.…
In 2025, Canada is anticipated to experience a significant mortgage renewal wave, with an estimated $1.4 trillion worth of mortgages coming up for renewal. This renewal wave is expected to be one of the largest in Canadian history, providing homeowners with the opportunity to reevaluate and renegotiate their mortgage terms. However, the new terms will be heavily influenced by the economic conditions prevailing in 2025, including factors such as interest rates and inflation. This wave of mortgage renewals is likely to have a broad impact on the housing market, potentially leading to increased competition among mortgage products and rates. While…
The Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) are both valuable retirement accounts with unique features. Rather than comparing the two, Canadians should consider how each can help them achieve their financial goals. Unfortunately, not all RRSP and TFSA users have maximized their contribution limits. Understanding the utilization of each account and the level of contributions can be beneficial, especially in light of financial challenges in 2024. According to the Bank of Montreal’s Annual Investment Survey released in January, the average TFSA account balance in 2023 was $41,510, while the average RRSP account balance was $113,070, a…
The stock of Canopy Growth (TSX:WEED) experienced a decline last week due to the announcement of a reverse stock split. Shareholders will witness a consolidation of shares on a 1-for-10 basis, as stated by Canopy Growth stock. This decision did not resonate well with investors, leading to a decrease in the stock price. The consolidation became effective as the company’s stock price dipped below $1 per share. Despite previously reaching all-time highs near $70 per share, the stock struggled to stay above the $1 mark, risking delisting from the Nasdaq. Investors reacted negatively to the decision, resulting in a 25%…
On August 26, 2024, Silver Bullet Mines Corp. announced the signing of a contract with an experienced contract miner for underground mining operations at the Washington Silver Mine in Idaho. The Contract Miner possesses a strong background in underground construction, making them well-suited for working in high-grade vein type structures present at the Washington Mine. Mining activities for silver at the Washington Mine are scheduled to commence in the early fall of 2024 and continue throughout the winter of 24/25. The initial plan is for the Contract Miner to drift approximately 80 feet into the structure, intercept the historical workings,…