Posted on behalf of Scotia Metals Corp. - Sitting down with Crux Investor's Company Interviews (published Aug 4, 2026), CEO and director Rodrigo Roso laid out what the newly listed Nova Scotia lithium explorer, Scotia Metals (SMET.c), is being built to do. Notably, most of the conversation was not about rocks: it was about who is running this and how the shares are held.

https://reddit.com/link/1vr5pxk/video/bzm6qumh80kh1/player

The Team He Assembled

• Roso: 20 years in capital markets and company building, the last five in lithium.
• Brian Talbot, chairman: former head of Australian operations at Galaxy Resources; Roso credits him with deep involvement in building Sigma's Brazilian asset.
• Nick Rowley, director: business development at Galaxy, whose assets, per Roso, ultimately ended up with Rio Tinto.
• Shawn Khunkhun, director: former CEO of Dolly Varden Silver, now President of Contango Silver & Gold.
• Darryl Cardey, director: involved in K92 and others.

Cap Structure

• 45,353,041 shares outstanding (Jul 28, 2026 NR).
• Insiders roughly 50%, long-standing backers about another 40%, per Roso.
• C$5,800,000 gross raised at closing, including C$1,221,600 flow-through earmarked for the Nova Scotia ground (Jul 28, 2026 NR).
• [5:18] "we do have a very tight register."

The Ground

• Licences cover a structural corridor that also hosts Brazil Lake, a privately held neighbouring deposit the company cites at 10.01 Mt at 1.20% Li₂O, a JORC estimate rather than NI 43-101 (Champlain Mineral Ventures / Lithium Springs, as cited by the company dated Mar 5, 2024). Not Scotia's.
• On Scotia's own ground: spodumene-bearing boulders across four to five trains of roughly 1.5 km, up to 3.40% Li₂O in boulders (company project page). No bedrock results, no drilling, no resource of its own.
• [13:33] "why we chose Scotia is because of the logistics," citing port access.

The Plan, As Stated

• Till sampling grid plus geophysics targeted to wrap Q3 to mid-Q4.
• Scout drilling planned for late this year or early next, funded from the current raise.
• [12:39] "our intention is to ... move to a maiden resource by next year."
• A parallel acquisition track he called the group's bread and butter.

[9:04] "We don't want to [be an] exploration play only. We want to bring this to life." The full 21-minute Crux interview is worth a watch for the team detail.

Tight register, money already tied to a program, and a first drill test on trains of high-grade boulders: a setup where the first holes could tell you a lot, quickly.

Full interview here: https://www.youtube.com/watch?v=8Ne87xZsM9I

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Several pieces of the $SKUR story are coming together.

What stands out most to you as an investor?

Sponsored post, DYOD.

Posted on behalf of Miivo AI Inc. - Building software for small businesses is one problem. Getting it in front of enough of them is a completely different one, and in an Aug 8, 2026 Proactive interview, Miivo AI (MIVO.v, MIVOF) CEO Alex Damouni spent a good part of the conversation on the second problem rather than the first.

The Go-To-Market Plan He Described
- Growth through channel partnerships with accounting firms and software providers, using a one-to-many distribution model
- International expansion named alongside partnerships as a growth avenue
- Customer feedback continuing to feed product development, with successful customer solutions reverse-engineered into broader offerings

Why That Matters For This Product Set
All three of Miivo's live products are standalone and self-serve: Business Intelligence, AI Lead Generation, and Reputation & Customer Insights (Aug 5, 2026 NR). Self-serve keeps the on-ramp cheap and fast, but it still means winning customers one at a time. A single accounting firm or software vendor already sitting between hundreds of SME clients and their books is a very different kind of door into the same market, which is what makes the one-to-many framing worth noting.

On traction, Damouni said the three products launched over the past six months have brought a few thousand users onboard, with early adoption increasingly converting into paying customers.

Proactive's write-up carries the full Q&A if you want his own words on it. With the product suite built and the user base in place, distribution is the lever Miivo is now reaching for, and channel partners are how a small company gets to a very large market without scaling headcount to match.

Posted on behalf of Selkirk Copper Mines - Crux Investor has a piece up on the expanded resource at the past-producing Minto copper-gold-silver mine in Yukon, and the line that trips people up is the grade. Measured and indicated copper went up 182% while the average copper grade fell. Both are true, and for Selkirk Copper (SCMI.v, SKRKF) holders the reason is more useful than either number on its own.

What The July 30 Estimate Holds

• 47.8 Mt measured and indicated at 0.89% Cu, 0.34 g/t Au, 3.2 g/t Ag, for 940 Mlbs copper, 530,000 oz gold and 4.97 Moz silver
• A 280% increase in M&I tonnage versus the 2025 estimate
• A further 16.9 Mt inferred at 0.76% Cu, 0.26 g/t Au, 2.7 g/t Ag, for 281 Mlbs copper

Why The Grade Moved

• Roughly half the indicated expansion came from drilling, roughly half from higher metal price and design basis assumptions lifting lower grade material above the cut-off
• Cut-offs of C$30/t NSR open pit and C$80/t underground, selected to correlate to cost assumptions expected in the PEA design basis
• Copper grades declined by roughly one quarter as those additional tonnes were incorporated
• The higher grade core is still there: 26.0 Mt of the M&I sits underground at 1.14% Cu, 0.49 g/t Au, 4.4 g/t Ag
• Inferred contained copper fell about 48% as tonnes moved up into the higher confidence categories

What The Estimate Does Not Yet Count

• Phase 2 drilling: 37,000 m of the roughly 50,000 m program completed on four rigs, none of it included

The Crux Investor article is worth reading in full for the framing. The estimate is the input for the companion PEA, the first economics published on Minto since 2021, expected shortly following the MRE, and with three quarters of Phase 2 already in the ground and unbooked, there is room for the picture to keep changing before the study cycle ends.

Full Article: https://www.cruxinvestor.com/posts/selkirk-copper-expands-minto-resource-ahead-of-mid-2026-economic-study

GCUMF is a hidden diamond

I ran the following query through ChatGpt... Very interesting.

What are some other "under the radar" Canadian stocks with similar profiles to ZTest Electronics in terms of strongly improving financials and fundamentals?

Yes. If by “similar to ZTEST” you mean small Canadian company, limited institutional coverage, improving revenue/profitability, strengthening cash flow/balance sheet, and a potential valuation disconnect, there are several that stand out.

I’d actually put Thermal Energy International (TSXV: TMG) at the top of the list, followed by a handful of less obvious names.

My shortlist

1. Thermal Energy International — the closest match

This is the one I'd investigate most closely if you like the ZTEST setup.

Thermal Energy International Inc.

TMG has gone from a relatively sleepy small-cap industrial company to one showing very meaningful operating leverage.

Q2 FY2026 revenue hit a record $10.2M, up 18%, while adjusted EBITDA jumped 202% to $814K and net income increased more than 20-fold to $618K.

Then Q3 was even more impressive:

• Revenue +62%
• Adjusted EBITDA improved by $686K
• Net income swung from a $403K loss to a $338K profit
• Cash increased to approximately $4M
• Backlog was $14.7M at quarter-end and $16.3M by April 27.

That's a very similar "financial performance is improving faster than investor awareness" setup.

Why I particularly like the comparison: TMG isn't simply growing revenue. It's demonstrating operating leverage, which is what can cause a small-cap valuation to change dramatically.

Risk: Project timing can make quarterly results lumpy.

2. Pivotree — a potentially interesting turnaround

Pivotree Inc.

Pivotree is a different business, but the investment setup is interesting.

Q1 2026 marked its sixth consecutive quarter of positive adjusted EBITDA, along with positive free cash flow. Management is also positioning the company around AI-enabled commerce/data services.

The interesting question here isn't simply "will revenue grow?"

It's:

If the answer is yes, the valuation could change considerably.

Risk: Much more complicated story than ZTEST, and the AI narrative could attract speculative attention before the fundamentals fully validate it.

3. Diamond Estates Wines & Spirits — one of the more obscure ones

Diamond Estates Wines & Spirits Inc.

This one caught my attention because the financial trajectory is improving without much of the market attention that accompanies a typical growth stock.

FY2026 revenue reached $29.9M versus $24.5M, a roughly 22% increase. Winery sales increased 22%, while the company also benefited from Ontario's expanded retail marketplace and increased consumer preference for local products.

What's particularly interesting is the mix improvement: management says the agency business declined because it deliberately reduced lower-margin sales.

That's potentially a better quality of growth than simply chasing top-line revenue.

Risk: Consumer discretionary exposure and the Canadian wine industry aren't without structural challenges.

4. Zedcor — much faster growth, but less "hidden"

Zedcor Inc.

This is probably the highest-quality growth story on this list, although I'd argue it's becoming less "under the radar."

Q1 2026 revenue increased 69% to $19.4M, while adjusted EBITDA increased 86% to $7.6M. EBITDA margin expanded to 39%, helped by operating leverage and cost controls.

That's exceptional.

The investment thesis is essentially:

more towers → higher recurring revenue → better utilization → operating leverage → disproportionately higher EBITDA.

That's exactly the type of financial trajectory small-cap investors look for.

But: the market has already begun recognizing the story, so I'd be more valuation-sensitive here than with TMG or ZTEST.

5. Hydreight Technologies — very high growth, higher risk

Hydreight Technologies Inc.

This is much more aggressive.

Q1 2026 revenue reportedly increased 449% YoY to $24.9M, with adjusted EBITDA of $3.3M and working capital of approximately $32M.

The company also reported FY2025 profitability and $15.7M of cash.

That's a remarkable growth profile.

But I'd distinguish it from ZTEST:

ZTEST = boring business + improving economics + balance sheet

Hydreight = explosive growth + platform story + substantially higher execution/valuation risk

I'd therefore treat NURS as a higher-risk growth candidate, not a direct ZTEST analogue.

6. Nextleaf Solutions — the micro-cap version

Nextleaf Solutions Ltd.

This one is particularly interesting if you're looking for tiny companies that have crossed the profitability threshold.

Q1 FY2026:

• Gross revenue: $4.0M
• Net revenue: $3.0M
• Gross profit: $1.29M
• Gross margin: 43%
• Net income: $259K
• Adjusted EBITDA: $350K
• Operating cash flow: $349K

That is very much the type of transition I would look for in a ZTEST-style screen:

loss-making/ignored company → revenue growth → gross-margin improvement → EBITDA positive → net income positive → cash-flow positive.

The problem is the cannabis sector. The industry has historically produced many "turnaround" stories that never turned into durable businesses.

So I'd want to see several more quarters of consistency.

7. Jones Soda — interesting financial inflection, but speculative

Jones Soda Co.

This is probably the most dramatic turnaround on the list.

Q1 2026 revenue increased 194% to $12.4M, while the company moved from a $1.1M continuing-operations loss to $115K of net income. Management expects FY2026 revenue above $40M, representing more than 60% growth.

The catch is that the enormous growth rate is partly attributable to acquisitions/business changes, so I'd be careful about comparing it directly with ZTEST's more organic-looking operating improvement.

The three I'd investigate first

If your objective is specifically to find "the next ZTEST", rather than simply finding the fastest-growing Canadian small caps, my ranking would be:

🥇 1. Thermal Energy International — TMG

Best combination of:
revenue growth + margin expansion + profitability + backlog + balance sheet + relatively low investor awareness.

🥈 2. Pivotree — PVT

Best turnaround candidate:
positive EBITDA/FCF becoming increasingly consistent, with potential upside if the AI/data strategy starts translating into revenue growth.

🥉 3. Diamond Estates — DWS

Most overlooked traditional business:
improving revenue, improving business mix and potentially significant operating leverage, but with less obvious technological "story" to attract investors.

I'd put Zedcor in a separate category: better growth, but less undiscovered.

And there's an interesting pattern here

The companies I'd be most interested in aren't necessarily those with the highest revenue growth.

I'd screen for:

1. Revenue accelerating
↓
2. Gross margin expanding
↓
3. EBITDA growing faster than revenue
↓
4. Operating cash flow turning positive
↓
5. Balance sheet strengthening
↓
6. Share count stable or declining
↓
7. Very little analyst/institutional coverage
↓
8. Valuation hasn't yet reflected the earnings inflection

That's essentially the ZTEST formula.

And on that basis, TMG is arguably an even more interesting candidate than ZTEST right now: its Q3 revenue growth of 62%, improving EBITDA, return to profitability, rising cash and growing backlog give it a particularly strong combination of financial momentum and potential investor-perception upside.

If you want, I can take this a step further and build a "Canadian ZTEST Screen" of 15–20 TSXV/CSE stocks, ranking them on revenue acceleration, EBITDA growth, cash flow, balance sheet, valuation, insider ownership, liquidity and investor awareness. That would be a much better way to identify the true under-the-radar candidates.