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Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news and on the move today.

D2L Inc. (DTOL-T) announced that Melissa Howatson, the company’s chief financial officer, has resigned to take a leadership role in a private company. D2L said she will help with the transition over the next two months, while the company searches for a replacement. Josh Huff, vice-president of finance, will become interim CFO.


NGEx Minerals Ltd. (NGEX-X) announced a $20-million private placement. The company said it intends to sell up to 10 million common shares for $2 each. Net proceeds will be used towards further exploration programs in Chile and Argentina, US$3-million in debt repayment and general corporate and working capital purposes.


Global Atomic Corp. (GLO-T) announced it has received a letter of intent (LOI) from a second major western utility for the procurement of uranium from the company’s Dasa Project in the Republic of Niger.

The company said the LOI represents the supply of up to 2.4 million pounds U3O8 within a multi-year delivery window beginning in 2025, representing about 7 per cent of Dasa’s annual Phase 1 production over the period.

“The revenue potential of this award, valued at US$140-million in real terms, reflects the company’s continued strategy of establishing sales contracts with Tier 1 global utilities, at volumes sufficient to underwrite debt financing, thereby limiting equity dilution as the Dasa operation moves into production,” it stated.

The company said the award is subject to the successful conclusion of a purchase-sale contract.


Maxim Power Corp. (MXG-T) announced that it doesn’t expect to be generating electricity from the Milner site for the remainder of the year following a non-injury fire incident on Sept. 30. The corporation said it’s in the process of initiating an insurance claim for damages and future lost earnings.


Spectral Medical Inc. (EDT-T) announced a proposed public offering of units and private placement of notes.

It said the offering will be conducted by Paradigm Capital Inc. on a “best efforts” agency basis. Each unit will include one common share and one-half of one common share purchase warrant entitling the holder to acquire one common share for 36 months.

The company intends to use the net proceeds from the offering for its Phase III registration trial for its PMX treatment for endotoxemic septic shock and for general corporate and working capital purposes.


Sandstorm Gold Ltd. (SSL-T; SAND-N) said it sold approximately 22,600 attributable gold equivalent ounces and realized preliminary revenue of $38.9-million during the three months ended Sept. 30, both of which were a record. The preliminary third-quarter results compared to 15,514 attributable gold equivalent ounces and $27.6-million in revenue for the comparable period last year.


Copper Mountain Mining Corp. (CMMC-T) announced an agreement to sell its Eva Copper Project in Australia to Harmony Gold Mining Company Ltd (HMY-N) for US$230-million.

“This transaction strengthens our balance sheet and allows the company to evaluate options with respect to our long-term capital structure,” stated Letitia Wong, the company’s newly appointed chief financial officer.

The company stated separately that Ms. Wong was taking the job, effective immediately. She was the company’s executive vice-president of strategy and corporate development and has been with Copper Mountain since 2018.


Reliq Health Technologies Inc. (RHT-X)  announced that it has signed new contracts with three physician practices and a home health agency in California, Nevada and Texas and a Rural Health Clinic in the U.S. Virgin Islands.

“It is very gratifying to continue to see strong and growing demand for Reliq’s virtual care solutions in California, Nevada and Texas,” said Lisa Crossley, CEO at Reliq Health Technologies, Inc.

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