Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO, MD & Director Rob Cooper was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO, MD & Director Rob Cooper was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 15
QEM Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. QEM Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 66,666,666
Price\Range: AUD 0.045
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 18
QEM Limited has completed a Follow-on Equity Offering in the amount of AUD 1.442402 million. QEM Limited has completed a Follow-on Equity Offering in the amount of AUD 1.442402 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 59,100,088
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00144
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00144
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 01
QEM Limited, Annual General Meeting, Nov 26, 2025 QEM Limited, Annual General Meeting, Nov 26, 2025. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO, MD & Director Rob Cooper was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Jun 06
QEM Limited has completed a Follow-on Equity Offering in the amount of AUD 2.0505 million. QEM Limited has completed a Follow-on Equity Offering in the amount of AUD 2.0505 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,566,665
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • May 30
QEM Limited has filed a Follow-on Equity Offering in the amount of AUD 2.05 million. QEM Limited has filed a Follow-on Equity Offering in the amount of AUD 2.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,555,556
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • May 29
QEM Limited has completed a Follow-on Equity Offering in the amount of AUD 2.05 million. QEM Limited has completed a Follow-on Equity Offering in the amount of AUD 2.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,555,556
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman Tim Wall was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.7m market cap, or US$7.04m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Reported Earnings • Sep 26
Full year 2024 earnings released: AU$0.014 loss per share (vs AU$0.035 loss in FY 2023) Full year 2024 results: AU$0.014 loss per share (improved from AU$0.035 loss in FY 2023). Revenue: AU$2.86m (up AU$2.41m from FY 2023). Net loss: AU$2.04m (loss narrowed 55% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. Ankündigung • Sep 25
QEM Limited, Annual General Meeting, Nov 14, 2024 QEM Limited, Annual General Meeting, Nov 14, 2024. New Risk • Sep 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.6m (US$9.33m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (AU$16k revenue, or US$11k). Market cap is less than US$10m (AU$13.6m market cap, or US$9.33m). Ankündigung • Aug 28
QEM Limited Announces Resignation of David Fitch as A Non-Executive Director QEM Limited announced that Mr. David Fitch will be resigning as a Non-executive Director of the Company with effect from August 27, 2024. The Board of QEM wishes to extend its deepest gratitude to Mr. Fitch for his unwavering financial support and contribution to the Company over the past decade, including guiding the Company through the successful IPO process in October 2018 to positioning the Project as a significant vanadium and oil shale deposit in Australia. Over the past ten years, Mr. Fitch has been instrumental in providing the necessary financial backing and ongoing support. Mr. Fitch's dedication and belief in the Company's vision have been pivotal to QEM's growth and success to date and that support remains into the future. Recent Insider Transactions • Apr 04
Non-Executive Director recently bought AU$55k worth of stock On the 2nd of April, David Fitch bought around 352k shares on-market at roughly AU$0.16 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$894k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.018 loss per share (vs AU$0.02 loss in 1H 2023) First half 2024 results: AU$0.018 loss per share. Net loss: AU$2.73m (loss widened 13% from 1H 2023). New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.6m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (AU$16k revenue, or US$11k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$23.5m market cap, or US$15.4m). Ankündigung • Jan 15
Enel Green Power Australia Pty Ltd agreed to acquire Julia Creek Renewables Project from QEM Limited (ASX:QEM) for AUD 7 million. Enel Green Power Australia Pty Ltd agreed to acquire Julia Creek Renewables Project from QEM Limited (ASX:QEM) for AUD 7 million on January 15, 2024. EGPA will make an upfront payment of AUD 3 million and contingent payment of AUD 4 million upon achievement of key Project development milestones. Recent Insider Transactions • Dec 02
Non-Executive Director recently bought AU$53k worth of stock On the 29th of November, David Fitch bought around 280k shares on-market at roughly AU$0.19 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$834k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 27
Full year 2023 earnings released: AU$0.035 loss per share (vs AU$0.025 loss in FY 2022) Full year 2023 results: AU$0.035 loss per share (further deteriorated from AU$0.025 loss in FY 2022). Revenue: AU$453.4k (up 77% from FY 2022). Net loss: AU$4.56m (loss widened 61% from FY 2022). Ankündigung • Sep 14
QEM Limited, Annual General Meeting, Nov 09, 2023 QEM Limited, Annual General Meeting, Nov 09, 2023. Agenda: To approve the re-election and appointment of directors. Recent Insider Transactions • Aug 26
Non-Executive Director recently bought AU$768k worth of stock On the 25th of August, David Fitch bought around 5m shares on-market at roughly AU$0.17 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$788k more in shares than they have sold in the last 12 months. Ankündigung • Aug 24
QEM Limited Appoints Tony Pearson as Non-Executive Director QEM Limited announced that it has appointed former HSBC Managing Director Mr. Tony Pearson to the Company's Board of Directors as a Non-executive Director. Mr. Pearson, who will commence his role at the company from 24 August 2023, is a highly experienced company director with 10 years' experience on Australian, Toronto and Hong Kong Stock Exchange-listed companies, government, and not-for profit boards. Mr. Pearson's experience spans natural resources, infrastructure, and State and Federal Government. He is currently Chair of Possability Group Limited ("Possability") and ASX-listed company, Cellnet Group Limited. He also serves as a Non-Executive Director of ASX listed Xanadu Mines and not-for-profit Communicare.His experience includes a variety of senior positions as a finance and investment professional, most recently as Managing Director at HSBC (Hong Kong Shanghai Banking Corporation) and prior to that as Group Executive at SouthGobi Resources, and was previously Chair of ASX-listed Peak Rare Earths. The company also announced the ESG and critical minerals credentials that Mr. Pearson brings to the Board from many of his roles, including currently as the Chair of Possability, a leading human services organisation in disability and youth services. His tenure as a Commissioner at the Independent Planning Commission allowed him to determine state significant development projects, with a need to consider relevant environmental and other stakeholder impacts alongside planning legislation, as well as gaining valuable experience in developing natural resource and wind farm projects andnavigating climate change associated issues. As a former Senior Advisor to global impact investing specialist, Regnan, Mr. Pearson provided ESG advice to some of Australia's larger institutional shareholders. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (AU$702k revenue, or US$473k). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$33.1m market cap, or US$22.3m). Reported Earnings • Mar 16
First half 2023 earnings released: AU$0.02 loss per share (vs AU$0.012 loss in 1H 2022) First half 2023 results: AU$0.02 loss per share (further deteriorated from AU$0.012 loss in 1H 2022). Revenue: AU$445.8k (up AU$445.7k from 1H 2022). Net loss: AU$2.42m (loss widened 78% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Tim Wall was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 23
Full year 2022 earnings released: AU$0.025 loss per share (vs AU$0.014 loss in FY 2021) Full year 2022 results: AU$0.025 loss per share (further deteriorated from AU$0.014 loss in FY 2021). Revenue: AU$256.8k (down 24% from FY 2021). Net loss: AU$2.83m (loss widened 103% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director John Henderson was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 14
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.012 loss per share (down from AU$0.007 loss in 1H 2021). Revenue: AU$118 (down 100% from 1H 2021). Net loss: AU$1.35m (loss widened 103% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 19
Non-Executive Director recently bought AU$57k worth of stock On the 15th of December, David Fitch bought around 302k shares on-market at roughly AU$0.19 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Sep 25
Full year 2021 earnings released: AU$0.014 loss per share (vs AU$0.011 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$339.3k (up 16% from FY 2020). Net loss: AU$1.39m (loss widened 28% from FY 2020). 
