Board Change • Apr 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Steve Wilkinson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 04
Westmount Minerals Corp., Annual General Meeting, Apr 15, 2026 Westmount Minerals Corp., Annual General Meeting, Apr 15, 2026. New Risk • Aug 21
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: -CA$145k 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 (-CA$145k free cash flow). Shares are highly illiquid. Negative equity (-CA$215k). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.25m market cap, or US$899.8k). Buy Or Sell Opportunity • Aug 12
Now 109% overvalued Over the last 90 days, the stock has fallen 13% to CA$0.035. The fair value is estimated to be CA$0.017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Apr 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major 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. Negative equity (-CA$365k). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.75m market cap, or US$1.24m). Ankündigung • Apr 01
Westmount Minerals Corp. announced that it has received CAD 0.25 million in funding On March 31, 2025 Westmount Minerals Corp. closed the transaction. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Steve Wilkinson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 24
Westmount Minerals Corp. Announces Summer Reconnaissance and Sampling Program Results At the Kaba Lithium Property in Northwestern Ontario Westmount Minerals Corp. announced its summer reconnaissance and sampling program results at the Kaba Lithium Property (the Property) in Northwestern Ontario. Multiple pegmatite outcroppings containing rare metals and associated lithium mineral indicators have been discovered during the initial program. The largest pegmatite outcropping discovered to date measured approximately 70m long x 50m wide. Generally, the pegmatites are coarse-grained and composed of quartz and feldspar. Contained mineralization is evidenced by the presence of large "books" of white mica and biotite, red garnets and tourmaline. Multiple sample assay results have revealed interesting values of Boron (up to 670 ppm), Barium (up to 1,750 ppm) and Rubidium (up to 1,320 ppm). In addition, many occurrences displayed very good fractionation and fractionation trends with low ratios of potassium/rubidium. The potassium/rubidium ratio often has a strong correlation to Lithium-enrichment. Priority areas for follow-up sampling have been identified. The sample returning a value of 1320 Rb also showed a K/Rb ratio of 58. This was the sample with significant muscovite and tourmaline, located within a promising southern priority area. The well-known Georgia Lake Lithium-pegmatite field is located just west of the Property. Within the pegmatite field, Rock Tech Lithium Inc. has completed a Pre-Feasibility Study (NR-November 16, 2022) stating its Georgia Lake property has 10.6 million tonnes (mt) of Indicated Mineral Resources and 4.22 mt of Inferred Mineral Resources (NR- March 7, 2023). Other companies with lithium mineralization prospects include Imagine Lithium Inc. and Ultra Lithium Inc. The technical content of this news release has been reviewed and approved by Marty Huber, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. New Risk • Nov 24
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$85k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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 (-CA$377k free cash flow). Shares are highly illiquid. Negative equity (-CA$85k). Revenue is less than US$1m. Market cap is less than US$10m (CA$375.5k market cap, or US$274.2k). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Board Change • Sep 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CFO, Corporate Secretary & Director Jeremy Wright is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Jul 14
Westmount Minerals Corp. Mobilizes an Exploration Team to the Kaba Lithium Property in Northwestern Ontario Westmount Minerals Corp. announced it has mobilized an exploration team to the Kaba Lithium Property in Northwestern Ontario. The team has commenced reconnaissance mapping and sampling and has confirmed multiple pegmatite outcroppings and lithium mineral indicators. The well-known Georgia Lake Lithium-pegmatite field is located just west of the Property. Within the pegmatite field, Rock Tech Lithium Inc. has completed a Pre-Feasibility Study (NR-November 16, 2022) stating its Georgia Lake property has 10.6 million tonnes (mt) of Indicated Mineral Resources grading 0.88% Li2O and 4.22 mt of Inferred Mineral Resources at a grade of 1% Li2O (NR- March 7, 2023). Other companies with lithium mineralization prospects include Imagine Lithium Inc. and Ultra Lithium Inc. Board Change • Jul 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CFO, Corporate Secretary & Director Jeremy Wright is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jun 22
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CFO, Corporate Secretary & Director Jeremy Wright is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Jun 16
Westmount Minerals Corp. announced that it has received CAD 0.25 million in funding On June 15, 2023, Westmount Minerals Corp. closed the transaction. The company paid finders’ fees of CAD 11,125 and issued 222,500 finders’ warrants. Each Finders’ warrant is exercisable into one common share for a period of 24 months at an exercise price of CAD .075 per share. The shares are subject to a four month hold period which expires in October 2023. Board Change • May 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CFO, Corporate Secretary & Director Jeremy Wright is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 21
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CFO, Corporate Secretary & Director Jeremy Wright is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Dec 10
Westmount Minerals Corp., Annual General Meeting, Feb 16, 2023 Westmount Minerals Corp., Annual General Meeting, Feb 16, 2023. Location: Suite 520 - 470 Granville Vancouver Canada Ankündigung • Oct 13
Westmount Executes Otatakan and Pilot East, Ontario Lithium Property Agreements Westmount Minerals Corp. announced it has executed property option agreements for two prospective lithium claim groups. The Otatakan and East Pilot lithium properties total 5,002 hectares in size (the "Properties") and are located within the Red Lake Mining Division of northwestern Ontario. Both Properties are located east of Ear Falls, Ontario with good all-weather and logging road access. In addition, the Properties are between 21 and 32 kilometers ("km") southwest of Green Metals Technology Root Lithium property where a 24,000 metre drilling program for resource definition has commenced with extensional and step-out target drilling (GT1 news-August 8, 2022). GT1 also recently announced a strategic collaboration agreement with Lithium Americas Corp. to build an integrated lithium chemicals business throughout North America utilizing GT1's Canadian lithium assets. (GT1 news- Sept. 20, 2022) A muscovite-bearing granite is host to both Properties, an S-type peraluminous fertile parental granite according to a 2003 Ontario Geological Survey ("Breaks et al., 2003") and in contact with metasediments which are excellent hosts for rare-element pegmatites. Located less than 20 km from an Archean-age terrane boundary between the English River Subprovince and the Uchi Subprovince which reportedly has an integral relationship to lithium occurrences and deposits of northwestern Ontario (Breaks et al., 2003) 1959 Ontario Geological Survey ("OGS-1959") lakeshore mapping of large lakes in the eastern part of the English River Subprovince identified grey pegmatites, pegmatitic granites and beryl and/or tourmaline occurrences (ODM Maps 1959-1). Elevated Li and Cs-lake sediment samples by the OGS-1959 of 1-21.5 ppm on the Otatakan claim group and 2.1-27.98 on East Pilot claim group. Ankündigung • Sep 29
Westmount Minerals Corp. (CNSX:WMC) acquired Douay East Property in Western Québec. Westmount Minerals Corp. (CNSX:WMC) acquired Douay East Property in Western Québec on December 31, 2021.Westmount Minerals Corp. (CNSX:WMC) complete the acquisition of Douay East Property in Western Québec on December 31, 2021. Ankündigung • Sep 28
Westmount Minerals Corp. Receives the Data and Interpretation Report from Its Soil Gas Hydrocarbon Survey Completed on the Douay East Property Located in the Abitibi Region of Western Quebec Westmount Minerals Corp. announced having received the data and interpretation report from its Soil Gas Hydrocarbon ("SGH") survey completed on the Douay East property (the "Property") located in the Abitibi region of western Quebec. Highlights of the results include: Three target areas have been identified for follow-up gold exploration. The target areas are coincident with regionally interpreted structures within the Casa. Berardi Deformation Zone. The target areas are coincident and spatially associated with gold mineralization intersected in historical drill holes. The Douay East SGH survey included the collection, analyses, and interpretation of 1,016 soil samples collected over three target areas comprising a total area of approximately 297 hectares. Very positive results were realized on all three target grids. Analysis of samples completed by Activation Laboratories Ltd. ("Actlabs") has resulted in prioritized gold target areas on all three area grids. The Company has interpreted lineaments on the SGH gold pathfinder class maps that are consistent with regional geological and structural interpretation and with structural patterns derived from interpretation of the Company's high resolution airborne magnetic survey flown in 2021 and which are assumed to be gold bearing based on historical drilling on the property. Samples were collected at 25 metre ("m") intervals along 100 m spaced lines. Ankündigung • Jul 06
Westmount Minerals Completes Soil Sampling Program At the Douay East Gold Project Westmount Minerals Corp. announced the completion of a soil sampling program on the Douay East property (the "Property"), located in the Abitibi region of western Quebec. A total of 1,016 samples were collected and have been delivered to Activation Laboratories Ltd. ("Actlabs") for Soil Gas Hydrocarbon ("SGH") analyses and interpretation. The SGH geochemical exploration program is Phase 1 of a 2 Phase exploration program planned for 2022 and consists of 3 target areas on the property comprising 3 separate sampling grids. The targets are structures and structural complexities inferred from the interpretation of the 2021 high resolution airborne magnetic survey and which are assumed to be gold bearing based on historical drilling on the property as well as regional geological compilation. The Company anticipates receiving the results and interpretation report in early August and subject to identifying drill targets, anticipates a drill program to follow shortly thereafter. Ankündigung • May 31
Westmount Minerals Corp. Announces the Start of the 2022 Exploration Field Season on the Douay East Gold Project Westmount Minerals Corp. announced the start of the 2022 exploration field season on the Douay East Gold Project (the “Project”). A field crew consisting of geological and exploration technicians has been mobilized to the Project and has begun the collection of soil samples. Westmount has planned a Soil Gas Hydrocarbon (“SGH”) program over the Project which includes the collection and analysis of approximately 1,100 soil samples covering 3 separate targets on the property. The targets are structures and structural complexities inferred from the interpretation of a high resolution airborne magnetic survey completed in 2021 and which are assumed to be gold bearing based on historical drilling on the property as well as regional geological compilation. Up to four hundred samples will be collected in each of the target areas along 100-meter spaced grid lines. The target area grids range in size from approximately 1 to 2 square kilometers. SGH is a deep penetrating geochemical exploration technique that has been researched, developed, and applied over the last 26 years in the exploration for sub-cropping mineral deposits ideally buried below one meter or greater depths of overburden. It is appropriately applied in the exploration of glacial till covered properties common in the Abitibi Greenstone Belt of Quebec and Ontario.