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Globe and Mail
05-05-2025
- Business
- Globe and Mail
Critical Metals Discovery Sends Junior Miner Stock Surging
The race for critical metals is intensifying as countries and companies scramble to secure these essential resources, which are vital to a wide range of high-tech applications. When a mining company makes meaningful progress in discovering new sources, investors are quick to take notice—and that seems to be exactly what happened this morning. Shares of SAGA Metals Corp. (TSX-Venture: SAGA) (OTCQB: SAGMF) are taking off on positive drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada. Early drilling results from the winter exploration program have revealed promising mineralization, confirming the presence of a valuable iron-titanium-vanadium mineral called vanadiferous titanomagnetite. Lab tests from the first two drill holes show strong concentrations of these metals, including one section with 31.5 meters containing nearly 26% iron, over 5% titanium, and 0.28% vanadium, and another with 50 meters showing similar grades. Some smaller, high-grade sections contained over 40% iron and up to 0.5% vanadium. These mineral-rich zones averaged 20–40% titanomagnetite, with some layers exceeding 60%. The drilling, which reached depths of 200 meters, confirmed previous geophysical surveys and has so far explored only a small fraction—about 1/40th—of the potential 20-kilometer strike zone within the Dykes River intrusion. "We are very encouraged by these initial drilling results," commented Michael Garagan, CGO & Director of SAGA Metals. "They validate our geological models and significantly expand our expectations for the entire Radar property. The Hawkeye Zone is just one of five primary targets currently identified; excitingly, this zone remains one of the smallest prospects. Our strategy moving forward will involve methodically advancing exploration and drilling at our highest-priority targets. The door is now open to roll out a standardized order of operations. We know these layers are anomalous based upon surface geochemistry. Exploration moving forward is 'magnetic survey - drill – repeat' as we begin to survey the entirety of the oxide layering zone and prepare to identify the most prospective targets for the next drill program.' Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
05-05-2025
- Business
- Globe and Mail
Truly Extraordinary Drill Core Fuels Surge in Shares of This Junior Miner
It's not every day that a press release features a seasoned mining executive declaring, "In my entire career, I've never seen drill core like this—it's truly extraordinary." But that's exactly what happened today, as a junior mining company released an update on its ongoing drill program. Unsurprisingly, the announcement sparked investor excitement, sending the company's shares sharply higher at last check. As mentioned, shares of Giant Mining Corp. (CSE: BFG) (OTC: BFGFF) are surging following news that drilling of Hole MHB-34 has surpassed 1,850 feet (563.88 meters). MHB-34 is the third of five planned holes in the company's 2025 diamond core drilling program at the Majuba Hill Porphyry Copper-Silver-Gold Deposit in Pershing County, Nevada. The primary objective of the program is to expand known copper mineralization at Majuba Hill and move the project toward a new Mineral Resource Estimate. 'The strong presence of cuprite, native copper, and chalcopyrite in MHB-34 suggests we may be approaching the primary copper sulfide zone. We look forward to receiving the assays,' said Larry Segerstrom, member of Giant Mining's Board of Directors. CEO David Greenway added: 'In my entire career, I've never seen drill core like this—it's truly extraordinary. With visible native copper extending beyond 1,600 feet, we've exceeded our initial expectations. Majuba Hill is emerging as a world-class copper, silver, and gold discovery—strategically positioned to support America's clean energy future and mineral independence. Nevada's excellent infrastructure and mining-friendly environment further enhance the project's value.' The Majuba Hill Project is located in a mining-friendly jurisdiction and benefits from existing infrastructure, including well-maintained access roads, proximity to power supply, transportation routes (highway and rail), and potential sites for processing, waste management, and administration. Shares of BFG are currently up 51.22% at $0.31 while U.S. listed shares (BFGFF) tack on a still impressive 35.45% on the news in late-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Biotech Stock Ends Week On High Note Following Bullish Coverage Initiation
A New Jersey-based biotech found success to finish out the week after it was announced that TD Cowen initiated coverage on the company with a buy rating and a price target of $12. Seeing that this micro cap closed yesterday at just $2.71, it's now wonder traders rushed in. So far this session, the buying pressure was enough to get shares of Grace Therapeutics Inc. (Nasdaq:GRCE) up to $2.8604/share (+5.55%) at the early session high. This move is a strong continuation of the success this stock has had so far this month. Grace Therapeutics, Inc. engages in the development and commercialization of pharmaceutical products for rare and orphan diseases in Canada. The company's lead product candidate is the GTX-104, an intravenous infusion to treat subarachnoid hemorrhage. It also develops GTX-102, an oral mucosal betamethasone spray for the treatment of ataxia-telangiectasia; and GTX-101, a topical bioadhesive film-forming bupivacaine spray for postherpetic neuralgia. The company was formerly known as Acasti Pharma Inc. and changed its name to Grace Therapeutics, Inc. in October 2024. The company was incorporated in 2002 and is headquartered in Princeton, New Jersey. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
Micro Cap Rallies on $20M Clean Energy Acquisition
Today brought word of a major acquisition in the clean energy industry. The announcement has re-ignited bullish sentiment in an otherwise beaten down stock. Earlier this morning, Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) announced the signing of a C$20 million agreement to acquire 100% of the Canadian operations of FlexEnergy Solutions, marking a strategic move to expand its presence in the natural gas-to-electricity power generation sector. The acquisition, financed through existing cash reserves and a new credit facility, includes 17 turbine generators, several long-term lease and service contracts, and a team of specialized technicians. Once finalized, Enterprise will become the exclusive supplier of FlexEnergy turbines in Canada, reinforcing its leadership in providing emissions-reducing energy solutions to a broad range of industries. The deal comes at a pivotal time as power reliability becomes a growing concern in North America due to aging infrastructure and rising electricity demand. FlexEnergy's turbine technology is known for its low emissions, high efficiency, and performance in harsh environments—making it ideal for sectors ranging from manufacturing to AI data centers. CEO Leonard D. Jaroszuk emphasized the company's commitment to expanding its natural gas power generation capabilities and contributing to the transition toward cleaner energy. The acquisition aligns with industry trends favoring mobile and temporary natural gas power systems as more sustainable alternatives to diesel. According to the release, with an enhanced product line, recurring revenue streams, and access to new markets, Enterprise is well-positioned to capitalize on future growth opportunities across Canada's industrial landscape. Investors appear to agree with both the positive assessment and the acquisition news, sending shares of E up 15.2% to $1.44, while U.S.-listed shares (ETOLF) climbed 11.59% to $1.0378 in late-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
30-04-2025
- Business
- Globe and Mail
Mining Stock Surges Mid-Week After Strong Q1 Earnings
A Toronto-based mining company found a tremendous amount of success on Wednesday after the company reported better-than-expected Q1 results, according to a release. The company had revenues for the quarter ended March 31 of $209.1 million, up from $192.1 million a year earlier. Traders liked what they saw as they snatched up shares of New Gold Inc. (NYSE American:NGD), pushing the mining stock up to $3.94/share (+17.61%) at the early session high. This move is a strong continuation of the success this stock has had over the last few months. New Gold Inc is an intermediate gold mining company. The company has a portfolio of two producing assets: Rainy River Mine and New Afton Mine in Canada. Also, it has interests in the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of Gold, Copper, and Silver. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
