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 20, 2024, VEXT Science, Inc., a U.S.-based cannabis operator with operations in Arizona and Ohio, released its financial results for the period ending June 30, 2024. The company reported revenue of $8.4 million with an adjusted EBITDA of $1.1 million. Following the launch of the adult-use program in Ohio on August 6th, Vext, with a significant presence in Ohio, is strategically positioned to increase revenue and cash flow. Currently, Vext’s Ohio network consists of a Tier 1 cultivation facility, a manufacturing facility, and two operational retail dispensaries. With pending acquisitions and further licensing approvals, Vext anticipates reaching the…
Elemental Altus Royalties Corp., a company based in Vancouver, British Columbia, has released its operating and financial results for the three and six months ending on June 30, 2024. The company reported royalty revenue of US$3.8 million and adjusted revenue of US$5.2 million, which represents a 10% increase from the second quarter of 2023. Attributable Gold Equivalent Ounces (GEOs) totaled 2,211 ounces, which is a 7% decrease from the same period in 2023. The company also reported an operating cash flow plus Caserones dividends of US$1.4 million, down 33% from the second quarter of 2023 due to working capital movements.…
Ivanhoe Mines Ltd recently announced that its Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo has successfully reached commercial production. In July, the Phase 1, 2, and 3 concentrators at Kamoa-Kakula achieved a combined monthly production record of 35,941 tonnes of copper. The company’s production guidance for 2024 at Kamoa-Kakula ranges between 450,000 to more than 600,000 tons of copper in concentrate. The Phase 3 concentrator was completed ahead of schedule on May 28, 2024, and has since produced over 11,000 tonnes of copper in concentrate. Ivanhoe Mines is now exploring options to…
The recent surge in cannabis stocks across North America can be attributed to news that the United States Drug Enforcement Administration (DEA) is considering moving cannabis to a Schedule III controlled substance. This potential move, which has been a part of President Joe Biden’s agenda for years, has caused shares to increase by as much as 25%. For the past 50 years, cannabis has been classified as a Schedule I substance under United States federal law, placing it in the same category as heroin and methamphetamines. Rescheduling cannabis to a Schedule III classification would categorize it among substances with “moderate…
Although Enbridge (TSX:ENB) has strong attributes, such as a high dividend yield and a robust infrastructure network, potential risks and challenges may lead some investors to explore other dividend-paying stocks with more stable and sustainable prospects. If you are seeking dividends, there is another stock that offers both returns and dividends. This stock is a dividend giant that may be a preferable option over Enbridge stock. Why not Enbridge stock? Investors may want to avoid Enbridge stock for several reasons. The global transition to renewable energy away from fossil fuels could impact Enbridge’s long-term growth prospects. As demand for traditional…
On August 19, 2024, Zentek Ltd., an intellectual property development and commercialization company based in Guelph, Ontario, announced the successful completion of its non-brokered private placement of units. The company issued 2,361,500 units at a price of $1.30 per unit, resulting in gross proceeds of $3,069,950. The net proceeds from this offering will be utilized for working capital and general corporate purposes. Greg Fenton, the CEO of Zentek Ltd., expressed gratitude to all participants in the offering and highlighted that the funding will support the company’s international market expansion strategy, particularly focusing on the sustainability objectives with ZenGUARD™-coated HVAC filters.…
August 14, 2024 7:30 AM EDT | Source: CanAlaska Uranium Ltd. Discovery of Priority Geophysical Targets and Scheduled Initiation of Drill Program for Fall ExplorationExploration Budget Adjustment to Support Supplemental Fall Drill ProgramVancouver, British Columbia–(Newsfile Corp. – August 14, 2024) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (“CanAlaska” or the “Company”) is pleased to announce that the Moon Lake South Joint Venture (“MLSJV”) has authorized an additional budget allocation for the 2024 exploration activities. This supplementary budget will be utilized to conduct a fall drill program aimed at testing recently identified conductivity anomalies along the mineralized…
Vancouver, British Columbia–(August 19, 2024) – A mineral exploration company, referred to as the “Company,” recently completed the second and final tranche of a non-brokered private placement. This placement raised $249,000 in gross aggregate proceeds through the issuance of 6,225,000 units. Including the proceeds from the first tranche, the Company raised a total of $349,000 and issued 8,725,000 units. Each unit consists of one common share and one share purchase warrant. The share purchase warrant entitles the holder to purchase one additional share at a predetermined price. The proceeds from the second tranche will be utilized for the advancement of…
Vancouver, British Columbia – Endurance Gold Corporation announced today that it has issued a total of 3,900,000 incentive stock options to its directors, officers, and consultants in accordance with the Company’s stock option plan. This brings the total number of outstanding options to 10,350,000, representing approximately 5.99% of the Company’s common shares. The options have an exercise price of $0.20 per share and can be exercised within a five-year period from the date of grant, subject to the policies of the TSX Venture Exchange. Robert T. Boyd, President & CEO of Endurance Gold Corporation, can be reached for further information…
On August 20, 2024, Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) announced the expansion of its acreage on the Dragon Uranium Project, located adjacent to Cameco Corporation in the renowned uranium district of the Athabasca Basin. The project now encompasses 23,134 contiguous acres. It is important to note that historical results from neighboring properties may not necessarily indicate mineralization on Sienna Resources’ properties, and management is currently developing plans for the Athabasca Basin Uranium projects. Jason Gigliotti, President of Sienna Resources Inc., expressed satisfaction with the increased acreage bordering Cameco Corporation in the Athabasca Basin, highlighting the…