Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Numinus Wellness Inc. (NUMI-T) announced that its research lab, Numinus Bioscience, has been approved by the Public Health Agency of Canada for a Containment Level 2 (CL2) pathogens and toxins license, following an upgrade of the facility.
“The addition will contribute novel data on natural psychedelics, presenting additional IP opportunities and another revenue driver through contract research services,” the company stated.
GoldMining Inc. (GOLD-T) announced that it has acquired an existing 1 per cent net smelter return royalty on its Yarumalito Project in Colombia from Newrange Gold Corp. for $100,000 in cash and 10,000 common shares.
Adjusted earnings were $12-million or 8 cents per share compared to $39-million or 27 cents per share in the fourth quarter of 2020. The expectation was for adjusted EPS of 9 cents, according to S&P Capital IQ.
Revenue came in at $67-million down from $69.3-million a year earlier.
Marathon Gold Corp. (MOZ-T) said it has purchased for cancellation the historical 7.5-per-cent net profit interest royalty that covers certain mineral resource areas at the company’s Valentine Gold Project in central Newfoundland.
Marathon paid $500,000 in cash and issued 1,341,607 common shares (valued at about $4-million) at closing to the Reid Newfoundland Company Limited, the private third-party vendor. Marathon has agreed to pay additional cash consideration of $3-million to Reid upon the formal release of the project from both the applicable provincial and federal environmental assessment processes and that it can proceed to permitting for mine construction, subject to conditions.
The company said it acquired 3,333,333 units at $0.105 each for about $350,000. Dundee said its subsidiary, Goodman & Co Investment Counsel Inc. acquired 5,000,000 flow-through Units for $0.13 each $650,000. Each unit includes one common share and one half of one share purchase warrant exercisable at $0.18 for 18 months.
Dundee and its affiliates now own about a 16.5-per-cent interest on an undiluted basis and a 19.75-per-cent interest on a partially diluted basis, up about 12 per cent and 12.8 per cent, respectively.
Westshore Terminals Investment Corp. (WTE-T) reported an increase in its quarterly dividend from 25 cents per share to 30 cents per share, as well as a one-time special dividend of $1.50 per share paid by April 15 to shareholders of record on March 31.
The company also reported revenue of $84.7-million for its fourth quarter compared to $89.8-million for the same period in 2020. The expectation was for revenue of $92.7-million, according to S&P Capital IQ.
Profit in the quarter decreased to $25.3-million or 40 cents per share from $30.9 million or 49 cents per share during the same period of 2020 “primarily as a result of the lower revenues and increased expenses,” it stated in documents filed on Sedar.com. The expectation was for profit to come in at 50 cents per share.
In a release, the company said it anticipates shipping approximately 6.6 million tons in the first quarter compared to 7.7 million tons for the same period in 2021. It said first-quarter volumes have been impacted by difficult winter weather conditions affecting both terminal operations and rail deliveries.
Sienna said it will acquire the asset in partnership with Sabra Health Care REIT, Inc., which is acquiring the other 50-per-cent interest of the asset, with Sienna acting as the manager of the property.
Sienna said its share of the purchase is approximately $36-million and will be financed from the proceeds of its recently announced equity offering and some previously announced dispositions as well as draws on its existing credit facilities.
Barrick Gold Corp. (ABX-T) announced that its interest in Reunion Gold Corp. (RGD-X) has decreased just below 10 per cent following the completion by Reunion of its bought deal private placement common share offering.
Barrick said it didn’t participate in the private placement and continues to own 81,150,000 common shares of Reunion.
The loan will provide for the drawdown of funds by the company in tranches of not less than $1,000,000, the company stated. It said proceeds will be primarily used for general corporate purposes and to advance the Cerro Blanco gold project through engineering and permit approval.
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Editor’s note: An earlier version incorrectly stated the value of the Dundee transaction.