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The catalyst report · Tuesday, July 21, 2026

What went up, and what took it there

The Canadian small-caps that finished green on this session: catalysts whose reaction paid, insiders sitting above what they paid, and the day’s biggest advances on real volume. Releases carry a date but no time, so each catalyst move is measured from the last close before the event through the close of the session after it — capturing the reaction whether the news broke mid-session or after the bell.

Catalysts paid
4
Tickers
3
Median gain
+11.3%
Insiders up
6

Catalysts that paid

Ordered by the size of the gain, biggest first. Events that closed flat or red aren't shown.

SDR.VStroud Resources Ltd.Warrant Exercise

Silver Hammer Announces Acquisitions of Stroud Resources and Silvermark Resources and Brokered Financing; Eric Sprott to Become Cornerstone Shareholder - TMX Newsfile

$0.100 $0.140TSXVmkt cap $10.2M29.0× avg volumeevent 2026-07-20Release
+40.0%
day of +50.0%
next -6.7%
AGX.VSilver X Mining Corp.Financing Announced

DelphX Announces Non-Brokered Unit Private Placement and Convertible Debenture Financing - TMX Newsfile

$0.620 $0.690TSXVmkt cap $257.9M1.4× avg volumeevent 2026-07-20Release
+11.3%
day of -3.2%
next +15.0%
AGX.VSilver X Mining Corp.Warrant Exercise

Luxxfolio Announces Closing of Oversubscribed Non-Brokered Private Placement - TMX Newsfile

$0.620 $0.690TSXVmkt cap $257.9M1.4× avg volumeevent 2026-07-20Release
+11.3%
day of -3.2%
next +15.0%
YES.VChar Technologies Ltd.Calculated Hold Expiry

Calculated hold expiry from: CHAR Technologies Announces Closing of Previously Announced Private Placement, Initiation of New Marketing Efforts - ACCESS Newswire

$0.255 $0.260TSXVmkt cap $40.1M0.4× avg volumeevent 2026-07-20Release
+2.0%
day of +0.0%
next +2.0%

Winners by event type

Green outcomes only, this session. n counts the event type's winners, not its events — samples are small by nature, so read n before the median.

Event typenMedian gainBest
Warrant Exercise2+25.6%+40.0%
Financing Announced1+11.3%+11.3%
Calculated Hold Expiry1+2.0%+2.0%

Insiders in the green

Open-market buys made in the last 90 days that are now trading above the insider's share-weighted average price. Option exercises, grants and issuer buybacks are excluded — only cash purchases by people count.

BAG.VBlende Silver Corp.

Andrew H. Rees bought at an average $0.130last close $0.205

100,000 shares$13k boughtDirector of Issuerlast buy 28d ago
+57.7%
LBI.VLions Bay Capital Inc.

John Joseph Byrne bought at an average $0.231last close $0.320

112,500 shares$26k bought10% Security Holder of Issuerlast buy 69d ago
+38.8%
FCI.VFirst Canadian Graphite Inc.

John LaGourgue bought at an average $0.260last close $0.360

50,500 shares$13k boughtDirector of Issuerlast buy 69d ago
+38.7%
HPL.VHorizon Petroleum Ltd.

Trevor Williams bought at an average $0.150last close $0.205

99,500 shares$15k boughtDirector of Issuerlast buy 27d ago
+36.7%
CNRI.VCanadian North Resources Inc.

Lee Q. Shim bought at an average $0.180last close $0.235

60,000 shares$11k bought10% Security Holder of Issuerlast buy 19d ago
+30.6%
TUF.VHoney Badger Silver Inc.

Chad Williams bought at an average $0.630last close $0.790

100,000 shares$63k boughtSenior Officer of Issuerlast buy 74d ago
+25.4%

Volume gainers

The session's biggest advances among names that traded real money — a 40% move on $300 of volume is a print, not a market.

KSM.V$0.2204.8× avg volume+33.3%
SNA.CN$0.0250.5× avg volume+25.0%
MUU.TO$17.0002.4× avg volume+24.2%
ARS.CN$0.3204.7× avg volume+23.1%
BBB.V$0.7906.5× avg volume+21.5%
NVRS.CN$1.2101.5× avg volume+21.0%
BAG.V$0.2052.6× avg volume+20.6%
KFR.V$1.2403.5× avg volume+20.4%

Coming up · next 7 days

Hold-period expiries and announced financings dated ahead. Expiries only appear once the financing behind them was already public.

2026-07-22+1dBMR.VFinancing Announced$0.140
2026-07-22+1dHPQ.VFinancing Announced$0.160
2026-07-22+1dLOD.VWarrant Exercise$0.300
2026-07-22+1dNICE.VWarrant Event$0.450
2026-07-22+1dUTWO.VWarrant Exercise$0.450
2026-07-22+1dOC.VFinancing Announced$0.110
2026-07-22+1dSGU.VWarrant Exercise$0.035
2026-07-22+1dTTGI.VWarrant Exercise$0.045
2026-07-22+1dFINX.VCapital Markets Event$0.090
2026-07-22+1dCAN.VWarrant Exercise$0.060
2026-07-22+1dMILE.VFinancing Announced$0.200
2026-07-23+2dALDE.VFinancing Announced$2.740
2026-07-23+2dAGX.VCapital Markets Event$0.690
2026-07-23+2dAGX.VWarrant Exercise$0.690
2026-07-23+2dSALT.VFinancing Announced$1.440
2026-07-23+2dSGN.VWarrant Exercise$0.260
2026-07-23+2dAAN.VFinancing Announced$0.500
2026-07-23+2dESAF.VWarrant Exercise$0.425
2026-07-23+2dUTWO.VWarrant Exercise$0.450
2026-07-23+2dNEV.VWarrant Exercise$0.040

30 more on the catalyst calendar.

This issue reports winners only: catalysts that closed green, insiders who are up, and names that rose on the session. The events, buys and moves that went the other way are filtered out, so nothing here is a hit rate or a representative sample of how these setups usually turn out.

Information only — not investment advice, and not a recommendation to buy or sell any security. Event data is extracted automatically from public releases and may be incomplete, delayed or misattributed to the wrong issuer; verify against the company’s own filings before acting.