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.
The Chair and CEO of NorthStar, Michael Moskowitz, expressed satisfaction with the company’s performance in the second quarter of 2024, citing significant growth in revenue and gross margin exceeding 60%. He emphasized the effective scaling of the business model, leveraging existing resources for efficient growth. Financial highlights for the second quarter of 2024 included a 61% increase in revenue to $7.5 million, a 41% increase in total wagers to $225.5 million, and a 58% increase in gross gaming revenue to $8.7 million. The gross margin saw a 69% increase to $3.2 million. For the six-month period ending June 30, 2024,…
The company’s Chair and CEO, Michael Moskowitz, announced a record quarter with strong growth in revenue and gross margin, exceeding 60% in both categories. He emphasized the efficient scaling of the business model, with expenses being outpaced by top-line growth. In the second quarter ending June 30, 2024, the company reported: – Revenue of $7.5 million, a 61% increase from the same period in 2023. – Total Wagers at Northstarbets.ca reached $225.5 million, a 41% increase from the previous year. – Gross Gaming Revenue at NorthStarbets.ca was $8.7 million, a 58% increase from the second quarter of 2023. – Gross…
VANCOUVER, BC, Aug. 15, 2024 – Luca Mining Corp. (“Luca” or the “Company”) has announced the granting of 4,508,833 incentive stock options (“Options”) and 800,000 Restricted Share Units (“RSUs”) to certain officers and directors in compliance with Luca’s omnibus equity incentive plan. These Options have an exercise price of $.55 and will expire five years from their issuance date. The vesting schedule for the Options is as follows: 33% on August 15, 2024; 33% on February 15, 2025; and the remaining balance on August 15, 2025. The RSUs will vest on August 15, 2025, pending approval by the TSX Venture…
On August 19, 2024, at 7:30 PM EDT, Calgary, Alberta– Argyle Resources Corp. (CSE: ARGL) (OTC Pink: ARLYF) (FSE: ME0) announced the appointment of Mr. Michael Yeung as Chief Financial Officer. Mr. Yeung brings more than 18 years of experience in public and private debt and equity markets, having served in executive roles in various organizations. His expertise includes financial oversight, strategic financial planning, risk management, and investor relations. In his role as CFO, Mr. Yeung has effectively managed financial operations, implemented controls, and contributed significantly to the financial health and growth of the companies he has worked with. Mr.…
On August 19, 2024, Lotus Ventures Inc. (CSE: J) announced the successful closure of a previously disclosed transaction. This transaction was part of the company’s proposal to its creditors and involved a subscription agreement with 5008679 Ontario Limited. The completion of the transaction involved the issuance of 1,000 common shares to the Purchaser for a total purchase price of $2,538,398.00. As a result of this transaction, all previously issued securities of the company, with the exception of the subscribed shares, were cancelled. The Purchaser now holds all securities of the company. In light of these developments, Lotus Ventures Inc. is…
On August 16, 2024, East West Petroleum Corp. (TSXV: EW) announced that its shareholders have approved the return of capital through a reduction in stated capital of the Company. The board of directors has decided to reduce the stated capital by up to $3 million, distributing $0.03 per common share to the holders. The effective date for the Capital Reduction and the Distribution will be announced in a future news release. More information about the Capital Reduction and Distribution can be found in the management information circular available on the Canadian Securities Administrators’ website. This news release includes forward-looking statements…
August 19, 2024 8:00 AM EDT | Source: Graphene Manufacturing Group Ltd. Brisbane, Queensland, Australia–(Newsfile Corp. – August 19, 2024) – Graphene Manufacturing Group Ltd. (TSXV: GMG) is pleased to present an update on the commercialization progress of THERMAL-XR® Powered by GMG Graphene.GMG and Nu Calgon have partnered with a consultant to prepare and submit a Pre-Manufacture Notice (PMN) for approval by the USA Environmental Protection Agency (EPA) to import and sell in the USA. The PMN application is anticipated to be submitted by the end of October and approval is expected within 12 months. The PMN application differs…
The announcement of operating and financial results for the three and six months ended June 30, 2024 has been made by CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF). The company’s cash on hand as of June 30, 2024, was $4.6 million, demonstrating prudent treasury management. The net loss for the three-month period ended June 30, 2024, was $1,230,000, with a net loss per share of $0.01 (basic and diluted). Additionally, non-cash charges for stock-based compensation expense totaled $593,000 for the same period. For the six-month period ended June 30, 2024, the net loss was $2,181,000, with a net loss per…
On August 19, 2024, at 5:30 PM EDT, Champion Electric Metals Inc., a company based in Toronto, Ontario, announced the successful closure of a private placement offering of flow-through shares, resulting in proceeds of $800,000. The flow-through shares issued by the company will qualify as “flow-through shares” as per the Income Tax Act of Canada. The gross proceeds from the issuance of the flow-through shares will be utilized by the company to incur Canadian exploration expenses that qualify as “flow-through critical mineral mining expenditures” in accordance with the Canadian tax laws. These Qualifying Expenditures will be directed towards the company’s…
On August 12, 2024, Bengal Energy Ltd. announced its financial and operational results for the first quarter of fiscal 2025 which ended on June 30, 2024. Some of the key highlights include: – Crude oil sales revenue increased by 14% to $1.9 million in Q1 of fiscal 2025 compared to Q1 of fiscal 2024. – Funds from operations were $0.2 million in Q1 fiscal 2025 compared to $nil in Q1 2024. – Bengal reported a net loss of $0.2 million in the current quarter compared to a net loss of $0.4 million in Q1 fiscal 2024. From an operational standpoint,…