Reported Earnings • May 18
First quarter 2026 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2025) First quarter 2026 results: EPS: CA$0 (in line with 1Q 2025). Net income: CA$89.0k (down 57% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 21
Yorbeau Resources Inc., Annual General Meeting, Jun 16, 2026 Yorbeau Resources Inc., Annual General Meeting, Jun 16, 2026. Location: quebec, montreal Canada Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CA$0 (vs CA$0.018 in FY 2024) Full year 2025 results: EPS: CA$0 (down from CA$0.018 in FY 2024). Revenue: CA$364.0k (up CA$316.7k from FY 2024). Net income: CA$221.7k (down 97% from FY 2024). Profit margin: 61% (down from 16,974% in FY 2024). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Apr 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 61% Last year net profit margin: 16,974% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (CA$364k revenue, or US$262k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (61% net profit margin). Market cap is less than US$100m (CA$30.9m market cap, or US$22.2m). New Risk • Mar 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (40% accrual ratio). Revenue is less than US$1m (CA$59k revenue, or US$43k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$33.3m market cap, or US$24.5m). Ankündigung • Feb 20
Yorbeau Resources Begins Exploration Program on Its Beschefer, Selbaie West and Allard Properties in Northwestern Quebec Yorbeau Resources Inc. commenced an exploration drilling program in January on its Beschefer and Selbaie West properties near the former Selbaie mine, as well as on the Allard property located southwest of the town of Matagami. The programs consist of approximately 2,545 meters of drilling on the Beschefer property, 2,100 metres on the Selbaie West property and 1,000 meters on the Allard property. Beschefer Property: The Beschefer property is located 9 km southeast of the former Selbaie producer (historical production of 56.9 Mt @ 0.87% Cu, 1.85% Zn, 39 g/t Ag) and immediately east of the B-26 Zone currently being developed by Abitibi Metals Corp. and SOQUEM (13.0 Mt Indicated at 2.1% Cu Eq and 12.3 Mt Inferred at 2.2% Cu Eq). Drilling is currently underway, and results will be released as soon as they become available. Selbaie West Property: Drilling on this property will begin once all required permits have been obtained. The objective of this campaign is to test the continuity of newly identified copper, zinc, gold and silver zones discovered over the past two years by SOQUEM on the adjacent Wagosic property. The Selbaie West property is located less than 3 km west of Soquem's recent discoveries on the Wagosic property (Hole 1338-25-087 cut a mineralized zone of 296.9 meters at 1.47% Zn, 0.20% Cu, 0.06 g/t Au and 18.3 g/t Ag) within the Selbaie horizon. This horizon extends onto Yorbeau's property for more than 9 km. Revaluation paleo environnementale du complexe volcanique de Selbaie et de son potentiel metallogenique. Rapport, Projet CONSOREM 2011-08, 26p. The mineral resource estimates and exploration results described above with respect to the properties of Abitibi Metals Corp., and SOQUEM are sourced from public disclosure by those companies as cited herein. The Company has not independently verified this information. The mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company's properties. The Company plans to conduct additional work over the next 12 months on both properties. Allard Property: The Allard property is located 30 km southwest of the town ofMatagami within the western extension of the Casa Berardi corridor. Three drill holes were completed in January 2026 to test an induced polarization anomaly in the eastern sector and to follow up on drilling completed by Canamax in 1988 in the central sector. The drill holes intersected multiple multi-meter sections of quartz veins containing pyrite and traces of arenopyrite. Approximately one hundred gold assays are currently pending, and results will be released As soon as they become available. The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Laurent Halle, P.Geo. (OGQ 388), Senior Exploration Consultant to Yorbeau, who is a "Qualified Person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Ankündigung • Dec 16
Yorbeau Resources Inc. announced that it has received CAD 1.1 million in funding Yorbeau Resources Inc. announces that it has closed 13,750,000 flow-through Class A common shares at a price of CAD 0.08 for gross proceeds of CAD 1,100,000 on December 15, 2025. Four directors subscribed for a total of 10,000,000 Class A common shares having an aggregate subscription price of CAD 800,000. As insiders of the Company participated in the Private Placement. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 3Q 2024) Third quarter 2025 results: EPS: CA$0 (in line with 3Q 2024). Net income: CA$99.3k (up CA$312.7k from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First half 2025 earnings released: EPS: CA$0.001 (vs CA$0.001 loss in 1H 2024) First half 2025 results: EPS: CA$0.001 (up from CA$0.001 loss in 1H 2024). Net income: CA$302.4k (up CA$677.0k from 1H 2024). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • May 15
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 Canadian stocks, typically moving 17% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (39% accrual ratio). Revenue is less than US$1m (CA$111k revenue, or US$79k). Minor Risk Market cap is less than US$100m (CA$16.2m market cap, or US$11.5m). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2024) First quarter 2025 results: EPS: CA$0 (in line with 1Q 2024). Net income: CA$207.1k (up CA$294.9k from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Apr 15
Yorbeau Resources Inc., Annual General Meeting, Jun 17, 2025 Yorbeau Resources Inc., Annual General Meeting, Jun 17, 2025. Location: quebec, montreal Canada Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CA$0.018 (vs CA$0.006 loss in FY 2023) Full year 2024 results: EPS: CA$0.018 (up from CA$0.006 loss in FY 2023). Net income: CA$8.02m (up CA$10.5m from FY 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Ankündigung • Jan 22
Yorbeau Resources Inc. Begins an Exploration Program on Its Beschefer Property in Northwestern Quebec Yorbeau Resources Inc. has commenced the first phase of its 2025 exploration program in the Selbaie Mine area. This first phase consists of approximately 6,000 metres of drilling on the Beschefer property located 9 km southeast of the former Selbaie producer (56.9 Mt @ 0.87%, Cu 1.85%, Zn 39 g/t Ag) and immediately east of the B-26 Zone currently being developed by Abitibi Metals and Soquem (11.3 MT @ 2.13% Cu Eq (Ind) & 7.2 MT @ 2.21% Cu Eq (Inf)). The objective of the first phase is to explore the eastward extension of the B-26 Zone to an average depth of approximately 400 metres, as well as providing access for electromagnetic downhole drill surveys. The drilling program will include at least 8 holes (6,000 metres) covering more than 2.6 km along the B-26 horizon, where Yorbeau has already obtained several significant values in copper and zinc between 1999 and 2001 (1.8% copper over 1.5 metres, 0.2% copper and 0.32% zinc over 16 metres, 0.5% copper over 12 metres). A second phase of work will be dedicated to sector B-14 in the northwest of the property. In this area, geophysical work in 2020 and 2021 revealed several geophysical anomalies along strike from the B-14 Zone. It is anticipated that these targets will be drilled in late 2025 or early 2026. Approximately 5,600 metres of drilling are planned for this phase. The Beschefer property program consists of: Exploring immediately east of the Abitibi Metals boundary for the continuity of the copper-zinc-gold and silver mineralization of the B-26 Zone. Yorbeau recently announced the completion of the sale of its Rouyn gold property to Lac Gold Rouyn Inc., for a total consideration of $25 million. Yorbeau intends to use the proceeds from the sale of the Rouyn property to fund exploration programs and pre-development activities on its other properties, including its 2025-2026 exploration work. Ankündigung • Dec 17
Lac Gold Pty Ltd completed the acquisition of ROUYN PROPERTY from Yorbeau Resources Inc. (TSX:YRB). Lac Gold Pty Ltd entered into definitive agreement to acquire ROUYN PROPERTY from Yorbeau Resources Inc. (TSX:YRB) for CAD 25 million on October 1, 2024. A cash consideration of CAD 5 million of cash and earnout/contingent payment of CAD 20 million will be paid by the buyer. The consideration of CAD 2 million paid to the Company within 48 hours of signing and CAD 3 million payable to the Company on the closing date of the Transaction, but no later than December 16, 2024. For earnout there are three equal instalments of CAD 6.6 million payable to the Company on each of the second, third and fourth anniversary of the closing date of the Transaction and collectively making up the CAD 20 million unpaid balance of the purchase price, as evidenced by a promissory note to be issued by Australian Investors to the Company carrying interest at a rate of 5% per annum. In addition to the purchase price payable by buyer, upon closing of the Transaction, Buyer will issue and grant to the Company a 2% net smelter royalty (“NSR”) on any minerals produced from the Property.
Lac Gold Pty Ltd completed the acquisition of ROUYN PROPERTY from Yorbeau Resources Inc. (TSX:YRB) on December 16, 2024. New Risk • Nov 17
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$2.0m 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (CA$311k revenue, or US$221k). Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (CA$18.5m market cap, or US$13.1m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: CA$0 (vs CA$0.001 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0 (improved from CA$0.001 loss in 3Q 2023). Net loss: CA$213.4k (loss narrowed 14% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Oct 27
Independent Chairman of the Board recently bought CA$54k worth of stock On the 23rd of October, Henri Gelinas bought around 1m shares on-market at roughly CA$0.045 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Henri's only on-market trade for the last 12 months. Reported Earnings • Aug 15
Second quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2023) Second quarter 2024 results: CA$0.001 loss per share (in line with 2Q 2023). Net loss: CA$279.0k (loss narrowed 8.2% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (CA$60k revenue, or US$44k). Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Market cap is less than US$100m (CA$18.5m market cap, or US$13.4m). Ankündigung • Aug 08
Yorbeau Resources Inc. announced that it has received CAD 1 million in funding Yorbeau Resources Inc. announced a fully-subscribed private placement by issuing 20,000,000 flow-through Class A common shares at a price of CAD 0.05 per share for aggregate gross proceeds of CAD 1,000,000 on August 7, 2024. Five directors subscribed for a total of 12,110,000 Class A common shares having an aggregate subscription price of CAD 605,500. As insiders of the Company participated in the Private Placement. The Company paid finder fees in the aggregate amount of CAD 3,540 with respect to a portion of the Private Placement. Board Change • Jul 01
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. 6 experienced directors. 2 highly experienced directors. Independent Director Dany Laflamme was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2023) First quarter 2024 results: EPS: CA$0 (in line with 1Q 2023). Net loss: CA$87.9k (loss narrowed 47% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • May 03
Yorbeau Resources Inc., Annual General Meeting, Jun 18, 2024 Yorbeau Resources Inc., Annual General Meeting, Jun 18, 2024. Reported Earnings • Mar 31
Full year 2023 earnings released: CA$0.006 loss per share (vs CA$0.006 loss in FY 2022) Full year 2023 results: CA$0.006 loss per share (in line with FY 2022). Net loss: CA$2.44m (loss narrowed 2.7% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Jan 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.80m) 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 (-CA$2.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (CA$214k revenue, or US$158k). Market cap is less than US$10m (CA$13.2m market cap, or US$9.80m). Minor Risks Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Significant insider selling over the past 3 months (CA$93k sold). Recent Insider Transactions • Nov 30
Independent Director recently sold CA$75k worth of stock On the 27th of November, Jerome Gendron sold around 3m shares on-market at roughly CA$0.03 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$76k more than they bought in the last 12 months. Reported Earnings • Nov 17
Third quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2022) Third quarter 2023 results: CA$0.001 loss per share (in line with 3Q 2022). Net loss: CA$247.6k (loss widened 17% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 16
Second quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2022) Second quarter 2023 results: CA$0.001 loss per share (in line with 2Q 2022). Net loss: CA$304.1k (loss widened 36% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.5m (US$9.43m) 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 (-CA$2.4m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (CA$470k revenue, or US$355k). Market cap is less than US$10m (CA$12.5m market cap, or US$9.43m). Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: CA$0 (vs CA$0.001 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0 (improved from CA$0.001 loss in 1Q 2022). Net loss: CA$162.0k (loss narrowed 32% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Ankündigung • Jan 18
Yorbeau Resources Inc. Announces Drilling Results on Its New Discovery West of the Gwillim Fault on Its Scott Lake Property in Chibougamau, Quebec Yorbeau Resources Inc. announces drilling results on its new discovery west of the Gwillim fault on its Scott Lake property in Chibougamau, Quebec. Five holes west of the fault all intersected copper, zinc, and silver mineralization over widths ranging from 0.75 meters to 6.6 meters. One of the intersections yielded 0.98% copper, 6.35% zinc and 1.36 ounces/t silver in hole SC-95 W. The discovery holes cover a lateral distance of 110 m and represent approximately 10% of the electromagnetic conductor, thus giving a significant surface favorable for the extension of the mineralization encountered to date. A sixth drill hole during last fall's campaign intersected 1.64 meters of massive sulphide grading 7.7% zinc and nearly 1 ounce/ton of silver before encountering the Gwillim fault. This massive zone is possibly an extension of the Gap zone east of the Gwillim fault. The last hole of the fall 2022 campaign (SC-93) was also subject to a geophysical survey. The results have just been interpreted and they indicate a robust response of the mineralized zone plunging eastward for a hundred meters. In addition to the discovery mineralization, two other weaker conductors were identified at 755 and 800 meters along the borehole. These two conductors coincide with cherts and low sulfide mineralization which could therefore indicate two new horizons favorable for copper and zinc sulfide mineralization. The Scott Lake Project, which hosts significant mineral resources and for which a positive Preliminary Economic Assessment has been completed. Reported Earnings • Nov 17
Third quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2021) Third quarter 2022 results: CA$0.001 loss per share (in line with 3Q 2021). Net loss: CA$212.3k (loss narrowed 20% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Ankündigung • Nov 11
Yorbeau Resources Successfully Completes Its Drilling Program on the Scott Lake Property in Chibougamau, Quebec Yorbeau Resources Inc. completed a 4,586-metre drilling program on its Scott Lake property in early November. Since the last press release on October 5, 2022, the Company has drilled one hole (SC-93) and placed two wedges (SC 95 W1, SC-95 W2) from hole SC-95 to intersect the new zinc and copper zone located less than 300 metres west of the Scott Lake deposit and the Gwillim Lake regional Fault. The hole and the two wedges all intersected the zinc and copper mineralized zone over widths ranging from 3 to 8 metres. The mineralization has now been intersected in five holes over 100 metres laterally and remains open over the entire surface of the modelled 175 metres by 175 metres conductive plate. A figure illustrating the position of holes relative to the conductive plate will be available on the Company's website in a few days. Mineralized zone samples are now being prepared at the Company's Rouyn-Noranda facility and will be sent to the analytical laboratory as soon as possible. Results are expected in the first quarter of 2023. Yorbeau also plans to conduct a geophysical survey at the western most SC-93 drill hole to identify the potential presence of new lenses associated with tuff horizons present at a few locations along the drill hole. Mr. Laurent Hallé, P.Geo., Consulting Geologist and qualified person for the purposes of N1 43-101 with respect to the technical information being reported on has read and approved this press release. In 2015, Yorbeau expanded its portfolio of properties in Quebec by acquiring strategic base metals in regions with high potential in the Abitibi belt which offer favorable infrastructure to mining development. Acquired base metal properties include the Scott Project comprising several mineralized zones that have volcanogenic massive sulphides ("VMS" mineralization characteristics). The VMS-style mineralization at the Scott Project includes several distinct lenses of stratiform massive sulphides located along or near rhyoliteandesite/basalt contacts. In addition to sulphides, distinct areas of vein-like and disseminated sulphides of VMS (stingers) style, which can either connect to massive sulphides or not, have been intersected over a distance of at least 2 kilometers in an east-west direction. According to a Preliminary Economic Assessment ("PEA") conducted in late 2017 by Roscoe Postle Associates ("RPA"), the project represents an opportunity to develop a mine located near the towns of Chibougamau and Chapais, a typical northern mining development environment, offering the housing benefits as well as the availability labor. Ankündigung • Oct 07
Yorbeau Resources Inc. Announces the Progress of the Exploration Program Initiated in Late August 2022 on Its Scott Property At Chibougamau, Quebec Yorbeau Resources Inc. announced the progress of the exploration program initiated in late August 2022 on its Scott property near Chibougamau, Quebec 100% owned by the Company. As of October 5, 2022 three holes have been drilled on the property for a total of 2,615 meters. During this program, which is still ongoing, the company discovered a well mineralized 6.6 meters zone of sulphide rich in chalcopyrite (copper) and sphalerite (zinc) centered at a vertical depth of about 925 meters. The sulfide zone has so far been intersected by two drill holes, about 60 meters apart and a third is being executed. This zone of sulfide coincides with a modeled electromagnetic conductor 150 by 150 meters, 300 meters west of known Scott Lake deposit. The average thickness of this zone is not known at this moment. Indeed, the two holes that intersected the conductor only scratched the surface of the eastern edge (EST) of the electromagnetic conductor, according to interpretation and the modeling made by Inter-Géophysique from Rosemère in Quebec. The current drilling is now targeting the center of the conductor in order to determine the potential size of the lens. Ankündigung • Oct 04
Yorbeau Resources Inc. announced that it has received CAD 1 million in funding Yorbeau Resources Inc. announced a private placement of 12,500,000 flow-through class A common shares at a price of CAD 0.045 per share for gross proceeds of CAD 562,500 and 12,500,000 non-flow-through class A common shares at a price of CAD 0.035 per share for gross proceeds of CAD 437,500 for aggregate gross proceeds of CAD 1,000,000 on October 3, 2022. The transaction involves participation from five insiders who subscribed for a total of 18,250,000 class A common shares having an aggregate subscription price of CAD 730,000. Ankündigung • Aug 24
Yorbeau Resources Inc. Begins Deep Drilling Program on Scott Lake Property, Chibougamau, Quebec Yorbeau Resources Inc. announced the commencement of a drilling program of more than 4,200 meters on its Scott Lake property, 100% owned by the Company in Chibougamau, Quebec. A drill contract has been signed with Miikan Drilling Inc. Miikan is a joint venture between Chibougamau Drilling Ltd., the Oujé-Bougoumou First Nations community, and the Mistissini First Nations community, both located in the Eeyou-Istchee territories. This program aims to increase the known reserves of 17.85 million tons of copper, zinc, gold and silver mineralization (RPA 2017, NI 43-101) under the GAP lens to a depth of more than 1,100 meters and to verify an electromagnetic conductor west of the Gwillim fault where very little work has been done to date. The lenses of the Scott Lake deposit are aligned more or less in an east-west direction and are truncated by the Gwillim fault. The conductor west of the fault could, if it contains metals, open a new exploration area on the west side of the property. Drilling east of the Gwillim Fault will involve testing the GAP lens to a depth of more than 1,000 meters vertically, approximately 200 and 300 meters below the deepest known mineralized intersection of the GAP lens. The drill program that Yorbeau is undertaking on its Scott Lake property in the Chibougamau region is designed to increase the value of the project and evaluate alternatives leading to the development of this base metals project by Yorbeau or a potential partner. In 2015, Yorbeau expanded its portfolio of properties in Quebec by acquiring strategic base metals properties in regions with high potential in the Abitibi belt which offer favorable infrastructure to mine development. Acquired base metal properties include the Scott Lake Project comprising several mineralized zones that have volcanogenic massive sulphides. The VMS-style mineralization at the Scott Project includes several distinct lenses of stratiform massive sulphide located along or near rhyolite-andesite/basalt contacts. In addition to sulphides, distinct areas of vein-like and disseminated sulphides of SMV (stingers) style, which can either connect to massive sulphides or not, have been intersected over a distance of at least 2 kilometers in an east-west direction. According to a Preliminary Economic Assessment (PEA) conducted in late 2017 by Roscoe Postle Associates (RPA), the project represents an opportunity to develop a mine located near the mining towns of Chibougamau and Chapais offering the housing benefits as well as the availability of labor, equipment and materials needed for the project. Reported Earnings • Aug 15
Second quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2021) Second quarter 2022 results: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2021). Net loss: CA$224.2k (loss narrowed 30% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Ankündigung • Jun 01
Yorbeau Resources Inc. Reports Assay Results from the Cinderella and Augmitto Areas on the Rouyn Project, Québec Yorbeau Resources Inc. reported that its partner IAMGOLD Corporation (‘’IAMGOLD’’) has received all the assay results from its 2021 exploration diamond drilling program completed on the Cinderella and Augmitto areas at the Rouyn Project. IAMGOLD holds a purchase option with Yorbeau for the Rouyn Project which is located 4 km south of Rouyn-Noranda, Québec, and approximately 45 kilometers southwest of IAMGOLD’s Westwood operation. The Company is reporting assay results from twenty-eight (28) diamond drill holes from which three (3) were abandoned due to excessive deviation. This part of the 2021 drilling program has totaled 10,418 metres. This program tested a segment of the Cadillac Fault located approximately 1 to 3 kilometres west of the Lac Gamble zone. The diamond drilling program had for main objective to test further areas where previous drilling identified zones of mineralization and to evaluate its continuity with potential to outline a resource. All drill holes successfully intersected the targeted sheared Cadillac-Piché corridor, which hosts several mineralized structures emplaced at different levels in the stratigraphy. The Upper and Main zones are associated with alteration varying from several metres to greater than ten metre in width, hosted in the ultramafic rocks of the Piché Group, exhibiting variable carbonatization, fuchsite, silicification, and crosscut by a network of white quartz and brown tourmaline stockwork veins and breccias. Gold mineralization occurs as small specks of visible free gold associated with minor sulphides in quartz-tourmaline veinlets. At the south contact of the Piché Group with the sedimentary sequence, another mineralization style (the Footwall contact zone) is frequently intersected and is characterized by grey quartz veinlets containing rare visible gold and up to 10% disseminated to narrow massive bands of Arsenopyrite adjacent to the veins. Occasionally similar mineralization is also observed further away from the contact and exclusively hosted in the sediments. This zone is referred to as the Footwall zone. Results in the Cinderella Central sector seems to demonstrate a certain continuity of the High-Grade mineralization. This drilling program has been conducted in the second half of 2021 and long delays to receive the assay results were experienced. These results are now integrated with the existing geological, geochemical and structural information to support the development and refinement of preliminary deposit models to support a future potential maiden resource estimate targeted for the end of 2022. An additional exploration drilling phase was also recently completed and tested the extensions to the east and to the west of the Lac Gamble zone. A total of 6,456 metres were drilled in eleven (11) holes including two (2) holes abandoned for technical problems. These assay results will be reported and integrated to the current database when received, validated and compiled. The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Laurent Hallé, P.Geo, Consulting geologist and qualified person for the purposes of NI 43-101 with respect to the technical information being reported on has read and approved this press release. The design of the drilling program and interpretation of results is under the control of IAMGOLD’s and Yorbeau’s geological staff, including QPs employing strict protocols consistent with NI 43-101 and industry best practices. The sampling of, and assay data from, the drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program. Drill core (NQ size) is logged and samples are selected by geologists and then sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from 0.5 to 1.5 metres in length depending on the geological observations. Half-core samples are packaged and transported in sealed bags to either AGAT laboratories (“AGAT”) in Val d’Or, Québec, and Mississauga, Ontario, or to ALS Minerals Laboratory (“ALS”) located in Val-d’Or, Québec. A formal chain-of-custody procedure was adopted for security of samples until their delivery at the laboratory. Samples are coarse crushed to a -10 mesh and then a 1,000 grams split is pulverized to 95% passing -150 mesh. AGAT prepare analytical pulps at their facilities located in Val-d’Or and processed the pulps at their Mississauga laboratory which is ISO /IEC 17025:2005 certified by the Standards Council of Canada. ALS processes analytical pulps directly at their facilities located in Val-d’Or which is ISO /IEC 17025 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 grams charge with an Atomic Absorption (AA) finish. For samples that return assay values over 3.0 grams (for AGAT) or 5.0 grams per tonne (for ALS), another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams per tonne are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material. Insertion of duplicate, blanks and certified reference standards in the sample sequence is done in all drill holes for quality control. Reported Earnings • May 15
First quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 1Q 2021) First quarter 2022 results: CA$0.001 loss per share (vs CA$0.001 loss in 1Q 2021). Net loss: CA$238.8k (loss widened 13% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Apr 02
Full year 2021 earnings released: CA$0.003 loss per share (vs CA$0.005 loss in FY 2020) Full year 2021 results: CA$0.003 loss per share (up from CA$0.005 loss in FY 2020). Net loss: CA$968.6k (loss narrowed 39% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Mar 29
High number of new directors Director Dany Laflamme was the last director to join the board, commencing their role in 2021. Ankündigung • Dec 10
Yorbeau Resources Inc. announced that it has received CAD 1.200001 million in funding Yorbeau Resources Inc. announced a private placement of 13,333,340 flow-through class A common shares at a price of CAD 0.05 per share for gross proceeds of CAD 666,667 and 13,333,340 non-flow-through class A common shares at a price of CAD 0.04 per share for gross proceeds of CAD 533,333.6 for aggregate gross proceeds of CAD 1,200,000.6 on December 9, 2021. The transaction involves participation from five insiders who subscribed for a total of 16,772,220 class A common shares having an aggregate subscription price of CAD 754,749.90. The company paid finder fees in the aggregate amount of CAD 19,830 with respect to a portion of the transaction. Reported Earnings • Nov 15
Third quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2020) Third quarter 2021 results: Net loss: CA$265.3k (loss widened 9.9% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$318.8k (loss widened 86% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Dany Laflamme was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Jul 06
Independent Director Mario Rubano has left the company On the 29th of June, Mario Rubano's tenure as Independent Director ended. We don't have any record of a personal shareholding under Mario's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 06
Independent Director Pierre Gagnier has left the company On the 29th of June, Pierre Gagnier's tenure as Independent Director ended after 7.0 years in the role. As of March 2021, Pierre still personally held 6.07m shares (CA$182k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • May 16
First quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 1Q 2020) First quarter 2021 results: Net loss: CA$211.0k (loss narrowed 26% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Apr 03
Full year 2020 earnings released: CA$0.005 loss per share (vs CA$0.002 loss in FY 2019) Full year 2020 results: Net loss: CA$1.60m (loss widened 210% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 04
Yorbeau Announces the Completion of Hole Lem-66W3 and Explains Target #1 At the Lemoine Project in Chibougamau, Quebec Yorbeau Resources Inc. announced completion of hole LEM-66W3 that was designed to test a strong borehole geophysical anomaly (target #1) detected in hole LEM-66 at its Lemoine project in the Chibougamau area of Quebec. The Lemoine Mine is located 25 kilometres south of Chibougamau and produced 758,000 tons of high-grade massive sulphide ore from 1975 to 1983. With its 4.2% Cu, 9.6% Zn, 4.2 g/t Au and 83 g/t Ag, Lemoine is within the top 1% of all VMS worldwide (in terms of grade). This drilling program was a follow-up of the deepest hole drilled from underground in this sector, hole 12L-27 (drilled in 1980) which returned a high-grade massive sulphide intersection of 43 cm grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au. Hole LEM-66W3 intersected 0.6 metres of semi-massive pyrite and pyrrhotite with some traces of sphalerite and chalcopyrite along the Lemoine horizon. This quantity and texture of sulfides, especially pyrrhotite, explain the strong conductor previously modelled (target #1). The company has decided to suspend drilling activities for now in order to evaluate other alternative options. Ankündigung • Jan 22
Yorbeau Completes Downhole Geophysical Survey and Resumes Drilling At the Lemoine Project in Chibougamau, Quebec Yorbeau Resources Inc. announced the completion of a downhole geophysical survey in hole LEM-66W2 and resumes drilling at its Lemoine project in the Chibougamau area of Quebec. The Lemoine Mine is located 25 km south of Chibougamau and produced 0.76 Mt of high-grade massive sulphide ore from 1975 to 1983. With its 4.2% Cu, 9.6% Zn, 4.2 g/t Au and 83 g/t Ag, Lemoine is within the top 1% of all VMS worldwide (in terms of grade). The current drilling program is a follow-up of the deepest hole drilled from underground in this sector, hole 12L-27 (drilled in 1980) which returned a high-grade massive sulphide intersection of 43 cm grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au. The downhole geophysical survey in LEM-66W2 has been interpreted by two independent geophysicists and results clearly indicate a strong «in-hole» type anomaly of 400 siemens. The modelled conductive plate has a dimension of 125 metres by 200 metres and its centre is located 50 metres up-east of LEM-66W2. Ankündigung • Dec 24
Yorbeau Provides an Update of the Drilling Program at the Lemoine Project in Chibougamau, Quebec Yorbeau Resources Inc. provided an update of the current diamond drilling program at its Lemoine project in the Chibougamau area of Quebec. The Lemoine Mine is located 25 km south of Chibougamau and produced 0.76 Mt of high-grade massive sulphide ore from 1975 to 1983. With its 4.2% Cu, 9.6% Zn, 4.2 g/t Au and 83 g/t Ag, Lemoine is within the top 1% of all VMS worldwide (in terms of grade). The current drilling program is a follow-up of the deepest hole drilled from underground in this sector, hole 12L-27 (drilled in 1980) which returned a high-grade massive sulphide intersection of 43 cm grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au. Two targets, mainly based on downhole geophysics have been selected. Two holes for approximately 2,500 metres has been planned to test these targets with the completion of borehole geophysics survey in each hole. To date, one pilot hole (LEM-66) and one wedge-cut (LEM-66W2) for 2,085 metres were drilled to test the target #1. Hole LEM-66 intercepted a gabbro dyke where the stratigraphic Lemoine horizon was interpreted and the downhole geophysical survey indicates that the conductor was missed by less than 20 metres. The follow-up drill hole (LEM-66W2) hit the modelled geophysical conductor located along the Lemoine horizon. In the conductor area, hole LEM-66W2 intercepted a bedded cherty felsic tuff of 0.7 metres containing 3% of pyrrotite and 1% of chalcopyrite and sphalerite. At first sight, the quantity and the texture of the mineralization observed in hole LEM-66W2 do not explain the geophysical conductor. Subsequently, a downhole geophysical survey will be done to refine the conductor center location and designing a follow-up drill hole. Work at Lemoine will resume during the second week of January 2021. Ankündigung • Nov 27
Yorbeau Resources Inc. announced that it has received CAD 1.5 million in funding Yorbeau Resources Inc. (TSX:YRB) announced a private placement of 23,076,923 flow-through class A common shares at a price of CAD 0.065 per share for gross proceeds of CAD 1,499,999.995 on November 26, 2020. The transaction involves participation from seven insiders who subscribed for a total of 7,124,900 class A common shares having an aggregate subscription price of CAD 463,118.50. The company paid finder fees in the aggregate amount of CAD 32,512 with respect to a portion of the transaction. Reported Earnings • Nov 15
Third quarter 2020 earnings released: CA$0.001 loss per share Third quarter 2020 results: Net loss: CA$241.5k (loss widened 159% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 18
Yorbeau Approves Drilling Program to Test Lemoine Mine Extension at Depth in Chibougamau Camp, Quebec Yorbeau Resources Inc. reported that a geological compilation and a borehole geophysics modeling deliver high-priority targets along the highly prospective Lemoine horizon. These targets are located approximately 400 metres down dip of the mined-out deposit and 800 metres from the surface. The Lemoine Mine is located 25 km south of Chibougamau and produced 0.76 Mt of high-grade massive sulphide ore from 1975 to 1983 (Figure 1). With its 4.2% Cu, 9.6% Zn, 4.2 g/t Au and 83 g/t Ag, Lemoine is within the top 1% of all VMS worldwide (in term of grade). The deposit was closed off by drilling below 400 metres vertical. However, the deepest hole drilled from underground in this sector (hole 12L-27) returned a high-grade massive sulphide intersection of 43 cm grading 4.3% Cu, 6.3% Zn and 1.1 g/t Au. In 2013, hole LEM-63W was designed to make a follow-up on the 12L-27 intersection but did not reach the target due to excessive deviation. Although, borehole geophysics in this hole detected two off-hole conductors. Geophysical modeling made by INTER Géophysique shows a strongly conductive plate of 250 Siemens (target #1) located 70 metres below 12L-27. In addition, a second conductor of 70 Siemens (target #2) was detected along the Lemoine horizon, which has been shifted by a mafic dyke (Figure 3). These conductors are open at depth. Two holes for approximately 2,500 metres are planned to test these targets and borehole geophysics will be completed. A drill permit has been received and Miikan Drilling Inc. will mobilize to the property in the coming weeks as soon as a large drill rig is available. 