Board Change • May 20
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. 2 non-independent directors. Independent Non-Executive Director Jane Law was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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. 2 non-independent directors. Independent Non-Executive Director Jane Law was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 14
Pure Resources Limited Announces Appointment of Martin Helean as Non-Executive Director and Resignation of Allister Caird as Non-Executive Director, Effective January 14, 2026 Pure Resources Limited announced that Mr. Martin Helean has been appointed as a Non-Executive Director of the Company, effective January 14, 2026. Mr. Helean brings over 30 years of senior management experience across the mining, exploration, manufacturing and construction sectors, both in Australia and internationally. He is highly skilled in contract negotiations and is recognised for driving lean, efficient operations that deliver measurable commercial outcomes. Mr. Helean has a strong focus on strategic execution, with a proven ability to translate business objectives into actionable plans that foster sustainable growth and performance. He currently serves as Managing Director and Chief Executive Officer of Great Dirt Resources Ltd, and as Non-Executive Chairman of Oceana Metals Ltd. The Company also announced that Mr. Allister Caird has resigned as a Non-Executive Director, effective January 14, 2026. Board Change • Dec 31
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. 2 non-independent directors. Independent Non-Executive Director Jane Law was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 16
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Oct 03
Pure Resources Limited, Annual General Meeting, Nov 12, 2025 Pure Resources Limited, Annual General Meeting, Nov 12, 2025. Board Change • Dec 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. No highly experienced directors. Executive Chairman Patric Glovac was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 19
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.350128 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.350128 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,405,424
Price\Range: AUD 0.1
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,095,860
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Sep 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.35m market cap, or US$2.99m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Annonce • Sep 19
Pure Resources Limited, Annual General Meeting, Nov 14, 2024 Pure Resources Limited, Annual General Meeting, Nov 14, 2024. New Risk • Aug 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.04m market cap, or US$2.63m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jane Law is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 30
United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million. United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million on April 29, 2024. The consideration also includes, 2% royalty on returns from the commercial production of minerals from Kast and Kova. The transaction also includes the acquisition of Kast Reservation and Kova Reservation in Finland. The transaction is approved by the Board of Pure Resources Limited.
United Lithium Corp. (CNSX:ULTH) completed the acquisition of Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) on April 29, 2024. New Risk • Sep 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.19m market cap, or US$5.91m). Minor Risk Less than 3 years of financial data is available. Annonce • Sep 08
Pure Resources Limited, Annual General Meeting, Oct 30, 2023 Pure Resources Limited, Annual General Meeting, Oct 30, 2023. Agenda: To consider the re-election and appointment of the directors. Annonce • Jan 06
Pure Resources Limited Announces Preliminary Results from Its Maiden Geological Fieldwork Campaign That Covered Less Than 5% of the 270Km2 Project Area At the Company's Laforge Lithium Project, Located in Quebec, Canada Pure Resources Limited announced preliminary results from its maiden geological fieldwork campaign that covered less than 5% of the 270km2 project area at the Company's Laforge Lithium Project, located in Quebec, Canada. Pure recently engaged Canadian based geological consultants Apex Geoscience Ltd. to conduct an aerial reconnaissance, mapping and sampling program over the Project in an opportunistic attempt to generate data prior to seasonal extreme weather conditions. Through a helicopter assisted field program, the team sampled as many areas of outcrop (areas where snow had been windswept) that were accessible. The Company is excited with the identification of rock types prospective for lithium mineralisation, specifically, as well as orogenic gold style mineralisation. The Company believes the prospectivity of the Project has been significantly enhanced through this reconnaissance field program and plans to complete further, extensive field programs as soon as practibly possible. 240 outcropping rock samples were collected and submitted to ALS laboratories in Val- d'Or, Quebec, for preparation and ME-MS61 multi-element analysis with results expected to be returned to the Company in 8 weeks. Preliminary field observations noted the presence of spodumene and pyrite mineralisation prospective for lithium and gold mineralisaiton, respectively. Three samples contained visual spodumene and fluoresced under ultraviolet light. Given this is the maiden exploration program over this greenfields area, further investigation is required to fully evaluate the mineralogy of the rock samples including the extent and tenor of possible lithium mineralisation. The Project is a significant belt-scale tenement package covering a total of ~270km2 of the Laforge Greenstone Belt. The Project is situated 65km northeast of Patriot Battery Metals Inc.'s Corvette discovery in the Superior Province, Quebec, Canada. Apex Geoscience Ltd. were engaged by the Company to complete an aerial reconnaissance, mapping and sampling program over the Project in an opportunistic attempt to generate geological data prior to seasonal extreme weather conditions (snow, heavy ice and fog etc). 240 samples were collected, 41 of those being identified as pegmatite or pegmatitic. Aerial reconnaissance was completed over the Project area with 9 main sites accessible for on-ground mapping and sampling. Of these one contained what appeared to be a small tourmaline crystal, three samples observed contained visual spodumene and fluoresced under ultraviolet light with further investigation ongoing and assays pending to fully evaluate the extent and tenor of possible lithium mineralisation . All samples were submitted to ALS laboratories in Val-d'Or, Quebec, for preparation and ME-MS61 analysis. Analysis is expected to take approximately 8 weeks with major backlogs in preparation times at ALS. Samples were collected from all located outcrops during the program with the focus on zones with migmatitic and mylonitic outcrop with mapped geology, in conjunction with metasediment packages. Where these zones correspond to high topography, the field team encountered the outcrops with the most prospective lithologies. Recent Insider Transactions • Jul 05
Executive Chairman recently bought AU$66k worth of stock On the 29th of June, Patrick Glovac bought around 300k shares on-market at roughly AU$0.22 per share. This was the largest purchase by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. 