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.
Vancouver, British Columbia–(September 25, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (“Flying Nickel” or the “Company”) has successfully closed the initial portion of its non-brokered private placement offering, generating gross proceeds of $120,000 through the issuance of 2,400,000 units at a price of $0.05 per unit. Each unit consists of one common share of the Company and one share purchase warrant, allowing the holder to acquire one additional share at a price of $0.06 per share within three years from issuance. The securities issued in connection with the private placement will be subject to a regulatory hold…
Canada’s primary stock index reached a new high on Friday due to the uptick in metal prices. Investors are eagerly awaiting the monetary policy decision of the Bank of Canada scheduled for next week. Following this week’s unexpectedly low inflation figures, traders are speculating on the possibility of a larger interest rate cut than usual. Such a cut has the potential to significantly boost the domestic economy since the annual inflation rate has dipped below the central bank’s 2 percent target. The mining sector experienced the most significant growth on the TSX, while industrials saw the most significant decline. In…
Canopy Growth, a prominent cannabis company known for brands such as Tweed and Wana, has recently made a significant prepayment of US$100 million towards its senior secured term loan. This prepayment has automatically extended the maturity date of the loan to December 18, 2026. As a global cannabis company, Canopy Growth is responsible for various well-known brands including Doja, Wana, Jetty Extracts, 7ACRES, Ace Valley, Tweed, Hi Way, Deep Space, and Storz & Bickel. Despite its strong brand presence, Canopy Growth’s stock has experienced a decline of 38.42% year-over-year and 97.80% since 2019. The prepayment of US$100 million, completed at…
The stock of Fortis (TSX:FTS) has experienced a significant increase in value over the past three months, rising by approximately 10%. This upward trend can be attributed in part to the expectation of further decreases in interest rates as we move into the new year. Lower interest rates are likely to benefit utility companies like Fortis by enabling them to finance dividend increases and other cash-generating projects. Additionally, there are potential long-term catalysts on the horizon that could propel traditional utility firms, such as Fortis, to surpass the performance of the broader TSX Index over the next five years. Despite…
On October 18, 2024, Val-d’Or Mining Corporation (TSXV: VZZ) held its annual general and special meeting of shareholders in Val-d’Or, Québec, as well as via telephone conference. During the meeting, shareholders re-elected five incumbent directors: Louis Doyle, Deborah Honig, Glenn J. Mullan, Lukas Shewchuk, and Dr. C. Jens Zinke. The shareholders also appointed McGovern Hurley LLP as the company’s auditor for the upcoming year and re-approved the 10% rolling stock option incentive plan. In addition, shareholders passed a special resolution to amend the company’s articles to include mandatory procedures for director nominations, such as advance notice and disclosure requirements for…
The publicly traded company known by the trading symbols SVM (TSX/NYSE American) made an announcement on September 16, 2024. Silvercorp Metals Inc. stated that they have filed an updated technical report for the Gaocheng Mine called “Technical Report on Gaocheng Silver-Lead-Zinc Project in Guangdong Province, China”. The Technical Report, effective as of June 30, 2024, was prepared by SRK Consulting China Ltd. Prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), the Technical Report can be accessed on the company’s website and profile at www.silvercorpmetals.com and www.sedarplus.ca, respectively. There were no significant variations between…
On October 17, 2024, at 9:07 AM EDT, Go Metals Corp. announced the establishment of a new wholly-owned subsidiary, Deep Hydrogen Corp. The CEO of Go Metals, Scott Sheldon, expressed enthusiasm about this development, stating that hydrogen exploration aligns with the company’s commitment to creating a sustainable future. The company will utilize its advanced GeoDL suite of augmented exploration tools to evaluate natural hydrogen targets in Ontario and Quebec. Go Metals has partnered with Enki GeoSolutions in Quebec to identify potential targets for exploration. Stephan Séjourné, an experienced exploration geologist and founder of Enki GeoSolutions, will lead the efforts. Séjourné…
On October 18, 2024, Governance Professionals of Canada (GPC) announced the launch of its mentorship program aimed at empowering the next generation of governance leaders. In the current Canadian governance landscape, mentorship programs are integral to fostering effective leadership and enhancing board effectiveness. As organizations navigate complex and rapid changes, experienced mentors play a crucial role in guiding emerging leaders through challenges by sharing best governance practices and promoting ethical decision-making. The Governance Professionals of Canada Mentorship Program (GPC-MP) is designed to facilitate knowledge exchange and strengthen governance practices in Canada. By investing in this program, both organizations and individuals…
On October 17, 2024, at 4:00 PM EDT, Nextleaf Solutions Ltd., a prominent life science company and licensed cannabis processor based in Vancouver, British Columbia, announced the launch of an innovative virtual tour of their Coquitlam B.C. processing facility. This virtual tour showcases the Company’s multi-patented extraction technology and is divided into four self-guided sections, made possible through a grant from the Canadian Digital Adoption Program (CDAP). Emma Andrews, CEO of Nextleaf, emphasized the importance of transparency in the cannabis industry and expressed the Company’s commitment to providing consumers with insight into the production process. This virtual tour sets a…
Vancouver, British Columbia– September 25, 2024 – Dryden Gold Corp. is issuing a correction regarding the increased maximum number of shares to be issued under the non-brokered equity financing known as the “Upsized Financing,” as previously announced on September 23, 2024. The Upsized Financing will now include an additional 4,000,000 FT shares, bringing the total aggregate maximum number of shares to be issued to 42,000,000, while the maximum aggregate proceeds will remain at up to $5,100,000. The Upsized Financing consists of three components: increased number of FT Shares at a price of $0.13 per FT Share, charity flow-through units (CFT…