Board Change • 1h
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Quinn Field-Dyte was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Quinn Field-Dyte was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Quinn Field-Dyte was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Quinn Field-Dyte was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Quinn Field-Dyte was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 27
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 30
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 16
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jun 16
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 14
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 09
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 26
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 03
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. 1 experienced director. 3 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 03
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 19
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 29
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 06
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Jul 30
Fort St. James Nickel Corp., Annual General Meeting, Sep 26, 2024 Fort St. James Nickel Corp., Annual General Meeting, Sep 26, 2024. Board Change • Jun 27
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 10
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 27
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 14
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 10
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Dec 29
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$123k 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$123k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.4m). Earnings have declined by 5.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.97m market cap, or US$1.49m). Minor Risk Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Board Change • Dec 22
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. 2 experienced directors. 2 highly experienced directors. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 29
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.2% 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. Negative equity (-CA$1.4m). Earnings have declined by 2.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.49m market cap, or US$1.82m). Minor Risk Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Ankündigung • Oct 05
Fort St. James Nickel Corp. announced that it has received CAD 0.12 million in funding On October 4, 2023, Fort St. James Nickel Corp. closed the transaction. The transaction included participation from an individual investor Gerald Mitton who have subscribed for 1,000,000 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 60,000. The investor has directly, and control over 8,980,338 common shares and 2,750,000 share purchase warrants in the capital of the corporation. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 2.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$1.4m). Earnings have declined by 2.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.94m market cap, or US$1.43m). Minor Risk Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Board Change • Sep 25
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Sep 07
Fort St. James Nickel Corp. announced that it expects to receive $0.12 million in funding Fort St. James Nickel Corp. announced a non-brokered private placement of up to 2,000,000 units at a price of $0.06 per unit for the aggregate gross proceeds of $120,000 on September 6, 2023. The units of the financing will comprise of one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.08 per share. Directors, officers or other insiders of the company may participate in the foregoing offering, and such parties may sell securities of the company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offering. A finder's fee may be paid to eligible finders, in accordance with TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The transaction and the payment of a finder's fee are subject to approval by the TSX-V. Board Change • Jul 28
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 29
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 24
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 29
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 18
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Oct 06
Fort St. James Nickel Corp. announced that it has received CAD 0.06 million in funding On October 4, 2022, Fort St. James Nickel Corp. closed the transaction. All securities issued in connection with the transaction will be subject to a hold period expiring February 4, 2023. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from two placees and an insider of the company, participated in the transaction by subscribing for a total of 750,000 units.
The company has received acceptance from TSX Venture Exchange with respect to the transaction. The transaction included participation from 2 placees of which one insider participated for 750,000 units. Ankündigung • Sep 17
Fort St. James Nickel Corp. announced that it expects to receive CAD 0.06 million in funding Fort St. James Nickel Corp. announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.03 per unit for gross proceeds of CAD 60,000 on September 16, 2022. Each unit consists of one common share and one share purchase warrant. Each warrant can be exercised at a price of CAD 0.05 per share for a period of five years from the date of closing. The securities are subject to four months and one day hold period. The transaction remains subject to approval of the TSX Venture Exchange. Board Change • Aug 25
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 29
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jun 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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 27
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 24
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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 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. 3 experienced directors. 1 highly experienced director. Member of Advisory Board Reg Wilson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Jul 15
Fort St. James Nickel Corp. Begins 2021 Exploration Program at Porcupine Base Metal - Precious Metal - REE Property Central New Brunswick Fort St. James Nickel Corp. announced it has commenced a prospecting and rock /soil geochemical sampling program at its Porcupine Base Metal - Precious Metal - Rare Earth Element (REE) Property, located in central New Brunswick. The program is being conducted in the northern region of the property targeting an area east of zinc, lead, copper and silver mineralization discovered during 2012 trenching by option partner, Great Atlantic Resources Corp. (TSX.v: GR). Samples results at that time included: Channel Sample: 5.48% zinc & 1.08% lead over 1 meter (4W Trench). Boulder Sample: 20.7% lead, 6.89% zinc and 122 grams /tonne (g/t) silver (3W Trench). The Company completed a small 4-hole diamond drilling program (227 total meters) during 2018 with all holes drilled under the Line 4W trench. Each hole intersected near-surface base metal sulfide mineralization as disseminations and veinlets /veins. A Qualified Person supervised the 2018 drilling program by FTJ. Sample highlights (core length) for zinc (Zn), lead (Pb), copper (Cu) and silver (Ag) include: The 2018 drill core samples were analyzed by ALS Canada Ltd. by four acid digestion and ICP-AES analysis and assayed for gold by fire assay - AA. Prospecting and rock /soil geochemical sampling are currently being conducted east-southeast of the 2012 trenches and 2018 drill holes. The work is being conducted along an induced polarization (IP) chargeability anomaly or anomalies which extends east-southeast from the area of mineralization discovered during 2012 trenching. Rock and soil samples collected will be analyzed by a certified laboratory for multiple elements including zinc, lead, copper, and silver and will be assayed for gold. The objective of the work is to explore for similar base metal precious metal mineralization east-southeast of the 2012 trenches and 2018 drill holes. The Porcupine Property occurs within the Miramichi terrane which trends northeast-southwest through New Brunswick. The Miramichi terrane hosts numerous volcanogenic massive sulfide deposits in northeast New Brunswick in the famous Bathurst Camp. Many of these deposits were mined, including the historic Heath Steele Mine, located approximately 40 kilometers northeast of the Porcupine Property. Volcanic rocks are reported locally within the Porcupine Property. A qualified person has not verified the 2012 trench sample data as the trenches have been reclaimed. A qualified person verified lead, zinc and copper sulfide mineralization in stringers /veins during 2018 in one trench as a bedrock exposure was accessible. Ankündigung • Sep 05
Fort St. James Nickel Corp. Auditor Raises 'Going Concern' Doubt Fort St. James Nickel Corp. filed its Annual on Aug 27, 2020 for the period ending Apr 30, 2020. In this report its auditor, Watson Dauphinee & Masuch - WDM Chartered Accountants, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 