Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(}function setPanelState(o){dom.root.classList[o?"add":"remove"](,dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

Our roundup of Canadian small-caps in the news today.

NYX Gaming Group Limited (NYX-X) reported revenue of $61-million in the second quarter, up 73 per cent from $35.1-million a year earlier. Analysts were expecting revenue of $60.2-million in the most recent quarter.

"All revenue categories, with the exception of social gaming, grew primarily as a result of a full quarter contribution from the company's acquisition of OpenBet in May 2016," the company stated.

Its net loss was $21.1-million or 19 cents per share versus a loss of $36.5-million or 72 cents a year ago.

Story continues below advertisement


Altius Minerals Corp. (ALS-T) says it expects to report royalty revenue of approximately $14.8-million for the first quarter ended July 31 – a new quarterly royalty record that is 78 per cent higher than in the same quarter a year earlier.

"The increases are largely due to improving base metal, metallurgical coal and iron ore prices and slightly improved potash production volumes and prices," the company said.

The company said it will release first-quarter results after markets close on Sept. 14.


The Hydropothecary Corp. (THCX-X) says it has an agreement with Havecon Projects BV for the delivery and installation of a 250,000-square-foot greenhouse at the company's Gatineau facility. Construction begins in the fall.

"This agreement will allow Hydropothecary to leverage Havecon's years of experience in delivering the highest quality products and supporting world-class growing operations, while meeting the company's ambitious timeline," it stated in a release.

Story continues below advertisement

This expansion will increase Hydropothecary's capacity under the Access to Cannabis for Medical Purposes Regulations (Canada) to 300,000 square feet from 50,000.

"With this expansion, Hydropothecary will be ready to supply both the medical market and the anticipated adult use recreational market," the company said.


Amarc Resources Ltd. (AHR-X) says it has entered into another mineral property farm-in agreement with Hudbay Minerals Inc. (HBM-T; HBM-N).

The new agreement will help to advance Amarc's Joy copper-gold mineral property in north-central B.C.

Under the terms of the agreement, Hudbay may acquire up to a 60-per-cent ownership interest in the project, through a staged investment process.

Story continues below advertisement

"We are excited to be combining our proven porphyry copper discovery track record with Hudbay's acknowledged capabilities as a first-class mine builder and operator," said Robert Dickinson, executive chairman of Amarc. "We believe it will be a potent partnership that allows us to advance the Joy Project in an expeditious way, and in a manner that balances technical, economic, environmental and social considerations."


The Canadian Bioceutical Corp. (BCC-C) says it plans to create a joint venture with Panaxia Pharmaceutical Industries Ltd. that will see Panaxia provide proprietary, smokeless, pharma-grade cannabis-based products "that have been proven to be in high demand, but have not been readily available in the U.S."

The products will be produced at BCC-operated locations under licenses owned or managed by the company, the company stated in a release. "BCC will also provide the raw cannabinoid materials for final product assembly, as well as be responsible for sales and marketing of these products through its Health for Life dispensaries and its wholesale channels."

It also said Panaxia will provide the capital and equipment to build out and equip the manufacturing facility, and will supply the non-active ingredients and compounds for formulation and packaging.

The two companies will split the revenues resulting from the sales of these products equally.

Story continues below advertisement


Sprott Resource Holdings Inc. (SRHI-T) says it has entered into a definitive agreement to acquire 70 per cent of the outstanding equity of S.C. Minera Tres Valles (MTV) from the Vecchiola Group for $39.9-million (U.S.)

The deal includes $33.5-million in cash and $6.4-million in SRHI common shares.

MTV owns 100 per cent of the currently producing Minera Tres Valles copper mining and refining complex in Salamanca, Chile.


Erdene Resource Development Corp. (ERD-T) says it's buying a 51-per-cent interest in the Ulaan exploration license, adjacent to the company's high-grade Bayan Khundii gold project. It has the option to acquire up to 100 per cent.

Story continues below advertisement

Erdene will acquire 51 per cent of the outstanding shares of Leader Exploration LLC, a private Mongolian company that currently owns the property, for $750,000 (U.S).

"Our company is pleased to be able to provide our shareholders with additional exposure to prospective areas in the vicinity of our Bayan Khundii gold project," said Peter Akerley, Erdene's CEO. "Over the long-term we believe this area will become a significant gold mining district and will continue

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies