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.
Press Release: Royalties Inc. Announces Non-Brokered Private Placement to Cover Operational Expenses Toronto, Ontario–(Newsfile Corp. – August 21, 2024) – Royalties Inc. (CSE: RI) (“the Company”) has announced a non-brokered private placement offering up to $210,000 at $0.035 per share for 6,000,000 shares. The proceeds from this placement will primarily be utilized to cover increased costs of audit and tax professional fees in Canada, property taxes, and litigation expenses in Mexico. The Company has recently seen success with its strategic investment in Music Royalties Inc., generating $129,000 in dividend income since October 2022. However, additional income from cash-flowing royalties has…
Exro Technologies Inc., a prominent company in the clean technology sector that specializes in providing proprietary motor-control and complete electric propulsion system technology for e-mobility, recently released their financial results for the second quarter ending June 30, 2024. The company reported significant achievements during this period, such as recording quarterly revenue of C$5.3 million and completing C$6.7 million in units by the end of the quarter. Moreover, Exro Technologies Inc. exceeded their targeted bill of material cost savings by over 10%, recognizing cumulative annual business cost-savings of US$7.5 million. The company is on track to achieve their 2024 target of…
The global copper market is entering a bullish phase, driven by soaring demand in renewable energy, electric vehicles, and infrastructure development. As the world transitions to clean energy and urbanization accelerates, copper demand is expected to surge, positioning it as one of the most valuable metals for the future economy. Why Copper Demand is Set to Skyrocket Copper and the Renewable Energy Revolution Copper is a crucial element in the green energy revolution, used extensively in renewable energy systems, electric vehicles (EVs), and energy storage technologies. As countries aim to achieve net-zero carbon emissions by 2050, renewable energy sources like…
On August 21, 2024, Golden Rapture Mining Corporation announced the successful completion of the initial diamond drill program at its Tier 1 Phillips Township Gold Property in the Rainy River District, NW Ontario. The shallow diamond drilling program began in May and concluded on August 10, 2024, with most holes ranging from 50 to 150 ft in depth. The program focused on areas near the old Combined Mine shafts and surface veins aligned with the shafts, with dip angles ranging from 45 to 70 degrees. The Phillips Township property encompasses eighteen mine shafts and an adit, including the Combined Mine,…
On August 21, 2024, Flying Nickel Mining Corp. announced that it has entered into a definitive arrangement agreement with Norway House Cree Nation and 10197729 Manitoba Inc. for the sale of its Minago Nickel project in Manitoba, Canada. The transaction involves selling the project and related assets in exchange for $8,000,000 in cash and the surrender of common shares held by Norway House Cree Nation. The agreement is subject to various conditions, including approval from shareholders, the TSX Venture Exchange, and the Supreme Court of British Columbia. The parties aim to close the transaction by October 16, 2024, with a…
August 21, 2024 9:52 AM EDT | Source: PharmaDrug Inc. Toronto, Ontario–(Newsfile Corp. – August 21, 2024) – PharmaDrug Inc. (CSE: PHRX) (OTC Pink: LMLLF) (referred to as “PharmaDrug” or the “Company”), a pharmaceutical company specializing in the research, development, and commercialization of controlled substances and natural medicines, including psychedelics and previously approved drugs, is excited to announce the findings of an independent drug screening for monkeypox (“Mpox”). The screening identified cepharanthine as having the potential to bind to the virus’s proteins. The findings were documented in a letter to the editor titled “Highly accurate protein structure prediction and…
On August 21, 2024, New Destiny Mining Corp., trading on the TSXV as NED, released an update regarding its 2024 exploration program at the Treasure Mountain project near Princeton, BC. The company has completed six drill holes totaling 1060 meters in the Railroad area, focusing on copper-silver mineralization. One of the drill holes, TMN24-06, targeted a magnetic anomaly identified in regional survey data located north of the Railroad zone. This anomaly, measuring approximately 1km in diameter, is believed to be caused by an intrusion at depth, possibly a mineralized porphyry intrusive that could feed into the Railroad copper zone. Results…
On August 21, 2024, Volt Carbon Technologies Inc. announced the successful synthesis of diamonds from dry separated natural flake graphite at their Scarborough, Ontario Facility. Through a process using high pressure-high temperature (HPHT) method, Volt Carbon produced synthetic diamonds from a graphite concentrate blend, specifically designed for diamond synthesis. The Berkeley Deposit’s -30+50 mesh natural flake graphite was utilized to create near-gemstone-quality crystals ranging from 2 to 5 carats. Volt Carbon’s dry separation techniques retained the necessary natural catalyst materials for graphite-to-diamond conversion in the HPHT reaction chamber. Results showed that their graphite materials performed equally well, if not better,…
Toronto, Ontario–Central Iron Ore Ltd. (TSXV: CIO) (the “Company”) is pleased to announce the filing of an amended rights offering circular (the “Circular”) dated August 19, 2024, in connection with its rights offering to holders of its ordinary shares as of the record date of August 13, 2024. At the request of the Australian Securities & Investments Commission (ASIC), the Company revised the offer information statement (OIS) and filed a replacement OIS with the ASIC on August 15, 2024. The only change made to the Circular was the replacement of the OIS with the Revised OIS as Exhibit “I”. The…
Bitfarms has announced the acquisition of Stronghold Digital Mining in a stock-for-stock merger valued at approximately C$170 million. This merger is set to expand and rebalance Bitfarms’ energy portfolio to 950 megawatts (MW) by the end of 2025, with nearly 50% of that capacity located in the U.S. Stronghold Digital Mining owns over 3.03 square km of land, with options for an additional 4.45 square km, as well as two merchant power plants in Pennsylvania – the Scrubgrass and Panther Creek facilities. Bitfarms Ltd. and Stronghold Digital Mining Inc. were last traded at C$3.20 and C$3.98 per share, respectively. This…