Annonce • Oct 07
Pedro Resources Ltd. Announces Chief Financial Officer Changes Pedro Resources Ltd. announced the appointment of David McDonald as Chief Financial Officer of the Company, effective October 1, 2025. Mr. McDonald is a Chartered Professional Accountant with over 30 years' experience in the financial and resource sectors. Mr. McDonald has extensive experience with public company financial reporting and regulatory filings, with a focus on the mining sector. Mr. McDonald earned his CA designation in 1991 while working at EY Toronto before moving into junior mining in 2006, managing a portfolio of private and public junior companies where he provided accounting, audit and transaction services. Mr. McDonald also has significant experience as a Public Company Director advising on corporate governance practices. In connection with the appointment of Mr. McDonald, Ms. Deborah Mercier has resigned as the Company's Chief Financial Officer. Board Change • May 05
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. No independent directors (3 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annonce • Mar 25
Pedro Resources Ltd. Announces CFO Changes Pedro Resources Ltd. announced the appointment of Deborah Mercier as Chief Financial Officer. Ms. Mercier has been in the accounting industry for approximately 45 years. In the past 20 years, she has owned and operated multiple businesses in the United States and the Edmonton Area. She specializes in assisting companies as they navigate complex circumstances. Ms. Jacqueline Wilkie, who acted as interim Chief Financial Officer during this transition period. Ms. Wilkie will continue with the Company in her roles as Chief Executive Officer, interim Corporate Secretary and director. Annonce • Nov 21
Pedro Resources Ltd., Annual General Meeting, Jan 20, 2025 Pedro Resources Ltd., Annual General Meeting, Jan 20, 2025. Location: ontario, toronto Canada Board Change • Jul 18
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. No independent directors (3 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$153k free cash flow). Shares are highly illiquid. Negative equity (-CA$819k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.36m market cap, or US$996.4k). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$86k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.0m). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.53m market cap, or US$1.12m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • May 01
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$86k 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$86k free cash flow). Negative equity (-CA$1.0m). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.30m market cap, or US$946.8k). Annonce • Jan 11
Pedro Resources Ltd. Announces Resignation of Kent Couillard to the Board of Directors Pedro Resources Ltd. announced the resignation of Kent Couillard to the board of directors of the company. Annonce • Dec 20
Pedro Resources Ltd. announced that it has received CAD 0.725 million in funding On December 19, 2023, Pedro Resources Ltd. closed the transaction. The company issued 7.2% convertible debentures for the gross proceeds of CAD 725,000. The Debentures bear interest at a rate of 7.2% per annum. The Debentures will mature on the date that is 36 months from the closing of the Offering and maturity date is December 19, 2026. The Debentures are convertible into common shares in the capital of the Company at a price of CAD 0.05 per common share, in whole or in part, at the option of the holder at any time prior to the Maturity Date. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. There were no finder fees or commissions paid in connection with the Offering Annonce • Dec 06
Pedro Resources Ltd. announced that it expects to receive CAD 0.6 million in funding Pedro Resources Ltd. announced a non brokered private placement to issue 12,000,000 shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 600,000 on December 5, 2023. Eligible persons may receive commissions in the form of cash equal to up to 7% of the gross proceeds raised by such finders. All securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue. Closing of the offering is subject to all customary regulatory and board approvals of the company. New Risk • Dec 01
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$129k 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$129k free cash flow). Shares are highly illiquid. Negative equity (-CA$933k). Earnings have declined by 5.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.14m market cap, or US$840.2k). Board Change • Oct 10
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. No independent directors (4 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annonce • Jul 22
Pedro Resources Ltd. Announces Advisors Appointments Pedro Resources Ltd. announced that the principals of FEI, Tim Repas, Will McInnes and Dan Lanman will be serving as biotechnology advisors to the board of directors and management of Pedro. Timothy S. Repas, M.Sc., P.Ag.: Timothy brings a diverse background in biotechnology, environmental consulting, and laboratory research. As the Co-Founder and President of FEI, Timothy has been involved in driving innovative solutions in the biotechnology sector. Timothy holds an M.Sc. in Biology from the University of Saskatchewan and a B.Sc. in Biochemistry from Elmira College, New York. Timothy's contributions to the field are reflected in numerous publications, patents, and presentations, including a Canadian patent for the degradation of hydrocarbons using a filamentous fungus. He also has significant experience in environmental consulting, working as the Contaminated Sites Manager at Roy Northern Environmental Ltd. William McInnes: With a background in project management, certified by PMI (Project Management Institute) in 2019, Will has served as the primary field Project Manager for various projects across Canada, including the remediation of a former landfill on Vancouver Island, a highway road maintenance yard, and an Edmonton pub/parkade. As a founding member of Fixed Earth Innovations Ltd., Oil-Out Ltd, and Dirty Dirt Services Ltd, he possesses a unique knowledge of various technologies and their customization for diverse project requirements. Will recently. joined the board of directors of Pedro Resources Ltd. Daniel Patrick Lanman: As a Co-Founder and Executive Vice President of FEI, Dan has been instrumental in overseeing business operations and implementing financial controls, playing a key role in the company's growth since its establishment. Dan has a diverse range of experience, including serving as a Co-Founder and Director, President, Director of Operations, and Buyer's Team Lead of FEI. Annonce • May 13
Pedro Resources Ltd., Annual General Meeting, Jul 10, 2023 Pedro Resources Ltd., Annual General Meeting, Jul 10, 2023. Annonce • Feb 16
Pedro Resources Ltd. Announces Board Changes Pedro Resources Ltd. announced the resignations of Mr. Conan Taylor and Ms. Laara Shaffer as directors of the Company. The Company also announced the appointment of Messrs. Ronald Mercier, Will McInnes and Kent Couillard as directors of the Company. Mr. Ronald Mercier has been in the real estate industry since 1973, while recruiting and managing over 300 realtors. Kent Couillard was a senior broker at a major Canadian resource firm. He specialized in financing resource and technology issues. He served as CEO of Probe Resources a Canadian public company focused on Texas off-shore oil and gas. He has also been a significant western Canadian commercial and industrial real estate developer. Mr. Will McInnes CAPM, became a founding member of Oil-Out Ltd. &Dirty Dirt Services, to begin developing various processes using microbial components for remediation specifically focused on hydrocarbons. Over the next decade, Mr. McInnes collaborated with others to combine multiple technologies for dramatic results in remediation of various types. With a shared passion towards the environment, Mr. McInnes joined with the team forming Fixed Earth Innovations to create a flexible and adaptable biotech company for the ever-changing impacts humans have on the planet. Board Change • Feb 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Laara Shaffer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Laara Shaffer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Oct 12
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 11
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jun 07
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 28
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 02
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annonce • Jan 13
Pedro Resources Ltd. Announces Potentially Significant Results from an Indicator Mineral Survey of Stream Sediments on Pedro's Current Property Pedro Resources Ltd. announced potentially significant results from an indicator mineral survey of stream sediments on Pedro's current property. The samples were collected in July 2019 on Pedro's Voisey's Bay West (VBW) property as it then existed. The survey was hampered by poor weather and consequently the full property was not covered. The stream sediment samples were processed in August 2021 and analysed with automated Scanning Electron Microprobe (SEM) techniques by Dr. Derek Wilton, PGeo. The analyses indicated the variable presence of sulphide minerals (pyrrhotite, chalcopyrite and pentlandite) as inclusions in sediment grains from some stream samples. These are the same minerals that constitute the ore mineral assemblage at Voisey's Bay Mine (VBM), owned and operated by Vale, and their presence in the survey samples suggests a possibility for VBM-style mineralization in bedrock upstream from the sediment sample collection sites. Two clusters of samples with these sulphide inclusions were identified on high plateau regions of the property. The restricted nature of the high plateau streams suggests a more a local source for the sediment. Based on these sulphide-bearing stream sediment samples and the suggestion of a possible local source for the sulphide minerals, Pedro staked a number of claims in two licences to cover possible upstream sources of the sediment. These two new mineral licences are contiguous to Pedro's VBW property and contain 178 and 106 claims, respectively, for a total of 284 claims covering 7,100 hectares. The addition of these claims increases the size of Pedro's land package to 15 licences containing 1,005 claims with a total area of 25,125 hectares. One of the new licences also covers several copper occurrences documented in the NL Government Mineral Occurrence Database (MODS). Pedro plans an aerial VTEM geophysical survey over all licences in 2022 to identify targets on this land package which was staked by the original VBW exploration group, some of whom were a part of the original Vale/INCO exploration team. Board Change • Nov 04
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Member of Advisory Board Mac Watson is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 