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Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news

American Lithium Corp. (LI-X) announced plans to pursue a spin-out of its Macusani Uranium Project into an independent public company.

The company said a spin-out is “the preferred route to generate value for American Lithium and its shareholders from the continued development of this large-scale uranium project.”

The company said it believes its current share price “does not fully recognize the value of the Macusani Project and that by structuring an appropriate ‘spin-out’ into an independent, uranium-focused vehicle, the company and its shareholders will benefit from unlocking the value of this project.”


Westport Fuel Systems Inc. (WPRT-T) announced that it has been awarded a program to develop and supply liquefied petroleum gas (LPG) systems to a global original equipment manufacturer (OEM) to accommodate a number of its Euro 7 vehicle platforms. The deal is forecasted to generate €40 million in annual revenue, with production expected to begin in the first quarter of 2025, the company stated.


VersaBank (VBNK-T) reported revenue of $24.3-million for its fourth quarter ended Oct. 31 up from $18.2-million a year ago. The expectation was for revenue of $22.7-million, according to S&P Capital IQ.

Net income of $6.4-million or 23 cents per share compared to net income of $5.9-million or 24 cents a year ago.


VitalHub Corp. (VHI-Tannounced a multi-year licensing contract of subsidiary Transforming System’s Shrewd Platform and Shrewd Resilience offerings to Coventry and Warwickshire Integrated Care Board.

“This represents a new customer contract for the company,” it stated.


Lithium Ionic Corp. (LTH-Tannounced an agreement to acquire a 100-per-cent ownership interest in three mining claims covering a total of 1,527 hectares in Minas Gerais, Brazil.

The claims “will significantly add to our land holdings in this highly sought-after lithium district,” stated CEO Blake Hylands.

The transaction is for $130,400 upon closing and $3.9- million after producing an independent mineral resource estimate on the claims.


Aecon Group Inc. (ARE-T) announced that the Aecon-EBC General Partnership, a consortium between Aecon (60 per cent) and EBC (40 per cent), has been awarded the first phase of a $245-million two-phase civil construction contract for the John Hart Dam Seismic Upgrade project in Campbell River, B.C.

“The scope of work involves upgrading earth-stabilizing infrastructure to improve the seismic resiliency of the existing John Hart Dam,” Aecon stated.


Evertz Technologies Ltd (ET-T) reported revenue of $113.2-million for its second quarter ended Oct. 31, up from $107.2-million a year ago. The expectation was for revenue to come in at $107.7-million in the latest quarter, according to S&P Capital IQ.

Net earnings of $19.8-million or 26 cents per share compared to net earnings of $17.2-million or 22 cents a year ago.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 12/04/24 3:59pm EDT.

SymbolName% changeLast
Aecon Group Inc
Evertz Technologies Ltd
Vitalhub Corp
American Lithium Corp
Westport Fuel Systems Inc

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