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–(August 20, 2024) – Medaro Mining Corp. (CSE: MEDA) (OTC Pink: MEDAD) (FSE: 1ZY) (“Medaro” or the “Company”) is pleased to announce that it has successfully fulfilled its earn-in obligations to secure a 100% ownership stake in the Superb Lake lithium project situated within the Thunder Bay Mining District of Northwestern Ontario, Canada (referred to as the “Property”). The Company now possesses full ownership of the Property. On behalf of the Board of Directors, Michael Mulberry CEO
In line with other Canadian cannabis stocks, Tilray (TSX:TLRY) has experienced significant volatility in the market. The company went public in July 2018, just before Canada legalized recreational cannabis, and saw its stock price rise from less than US$30 to over US$150 in October 2018. However, currently trading at US$1.72 per share with a market cap of approximately US$1 billion, Tilray, like many others in the industry, is facing challenges such as oversupply, increasing competition, and struggling to achieve consistent profitability. The recent quarterly results for Tilray in the third quarter of fiscal 2024 showed revenue of US$188.3 million and…
Investing in pipeline companies offers exposure to the energy sector, which is known for its volatility and cyclical nature. The vast network of pipelines in North America enables these companies to efficiently transport natural gas to power various industrial facilities, households, and businesses. In Canada, there are midstream companies that specialize in owning and operating pipelines and related energy infrastructure. These companies typically earn fixed fees for allowing energy producers to utilize their pipeline systems, making them less susceptible to fluctuations in commodity prices. Pipeline operators generally generate a significant portion of their cash flows from long-term contracts indexed to…
Mocksville, North Carolina — On August 20, 2024, 22nd Century Group, Inc. (NASDAQ: XXII), a company in the tobacco products industry with a focus on nicotine harm reduction and contract manufacturing, disclosed that it will deliver a concise corporate update during the Emerging Growth Virtual Conference on Wednesday, August 21, 2024, at 4:25 PM Eastern Time. Those interested in attending the live presentation can access it through the events link available online at https://ir.xxiicentury.com/. About 22nd Century Group, Inc. 22nd Century Group, Inc. is a company engaged in the tobacco products industry with a strong commitment to reducing nicotine harm…
On August 20, 2024, Toronto, Ontario–NewOrigin Gold Corp. announced the successful completion of a non-brokered private placement of a convertible debenture totaling CDN$250,000. This convertible debenture was issued to Harfang Exploration Inc. as part of a proposed arrangement between the two companies. The debenture will mature either upon the completion of the transaction between NewOrigin and Harfang, or on January 31, 2025. It carries an interest rate of the prime rate plus 5%, totaling 11.7% per annum as of the current date. The Convertible Debenture is convertible into up to 5,000,000 NewOrigin Shares at a conversion price of CDN$0.05 per…
On August 20, 2024, a company based in British Columbia, Nevada Organic Phosphate Inc. (CSE: NOP), announced the closure of the fourth tranche of its non-brokered private placement. The company raised $75,000 through the issuance of 1,500,000 units of the Company at a price of $0.05 per unit. Each unit comprises one common share and one share purchase warrant. The proceeds from this tranche will be used to progress the Company’s Murdock Property and for general working capital purposes. No fees were paid for the closing of this tranche, and all securities issued are subject to a statutory hold period…
Toronto, Ontario–(August 19, 2024) – An announcement has been made by a mineral exploration company regarding an increase in its non-brokered private placement to a maximum of 41,666,668 units at a price of C$0.06 per unit, with an expected aggregate gross proceeds of approximately C$2,500,000. Each unit will consist of one common share and half of one common share purchase warrant. The proceeds from this offering will be allocated towards exploration activities at the Walker Gossan Project in Australia, as well as for general corporate purposes and working capital. This offering is contingent upon regulatory approvals, including approval from the…
The Canadian main stock index experienced a decline on Tuesday due to investor caution in response to inflation data, which tempered risk appetite despite increases in gold prices. The latest consumer price index report revealed that the country’s annual inflation rate dropped to 2.5 per cent in July, aligning with expectations as price pressures continued to diminish. Meanwhile, Wall Street saw relatively steady trading as the S&P 500 and NASDAQ maintained their longest winning streaks of 2024, with eight consecutive positive sessions. Market participants are eagerly anticipating the Federal Reserve’s annual Jackson Hole Economic Symposium, scheduled for this week, where…
ATHA Energy (TSXV:SASK) recently announced that it has entered into a joint venture agreement with Terra Uranium (ASX:T92). This agreement outlines a potential joint venture on uranium exploration projects located in the Athabasca Basin in Saskatchewan. As per the agreement, Terra Uranium may acquire a 70% interest in ATHA’s Spire and Horizon properties, while ATHA could hold up to a 60% stake in Terra’s Uranium Pasfield Lake property. The terms of the agreement require Terra Uranium to incur a minimum of C$4.75 million in exploration expenditures to acquire the stated interest in the Spire and Horizon Projects. The Spire and…
On August 20, 2024, Mayo Lake Minerals Inc. (CSE: MLKM) announced the outcomes of its Annual & Special Meeting held on August 15 in Carp, Ontario. The Meeting, chaired by Dr. Vern Rampton, President & CEO, saw the re-election of directors and approval of various corporate matters, including the continuation of the Option Plan and RSU/DSU Plan. Following the Meeting, Dr. Rampton updated shareholders on the progress of Mayo’s merger with WestMountain Gold, Inc., expected to close in the next two quarters along with a $7.5M private placement. The funds from the placement will be utilized for an aggressive drill…