Our roundup of Canadian small-caps in the news today.
Cominar Real Estate Investment Trust (CUF.UN-T) announced after markets closed on Tuesday a plan to "concentrate on its core markets" in Quebec and Ottawa and to reduce its debt.
The REIT said it plans to do both by; selling its properties outside its core markets (with an estimated fair value of more than $1.2-billion), using part of the sale proceeds to reduce its debt and to buy back units for cancellation, and to make future acquisitions in core markets.
"This plan will enable Cominar to capitalize on its leading positon in these core markets, and support our acquisition and development opportunities, which continues to be an integral part of our growth strategy," said CEO Michel Dallaire in a statement.
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Energy Fuels Inc. (UUUU-T EFR-T) says the results of an independent mineral resource estimate for its Canyon Mine Project in Arizona "significantly increases" the pounds of uranium contained in the mine over previously reported estimates.
"It also upgrades a large portion of the resources from the inferred category to the measured and indicated categories," the company stated. "The resource estimate also quantifies significant copper resources."
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Patient Home Monitoring Corp. (PHM-X) reported revenues for the third quarter ended June 30 of about $33.5-million compared to $32.3-million a year earlier.
Adjusted EBITDA was $5.9-million up from $1.2-million a year earlier.
Its net loss was $3-million compared to a net loss of $7.4-million in the same quarter of 2016.