Annonce • Oct 17
Storm Exploration Inc. Announces Appointment of Alexander Shaw to its Board of Directors Storm Exploration Inc. announced the appointment of Alexander Shaw to its Board of Directors, following its recent Annual General Meeting and Special Meeting. Annonce • Jul 15
Storm Exploration Inc., Annual General Meeting, Sep 17, 2025 Storm Exploration Inc., Annual General Meeting, Sep 17, 2025. Location: alberta, edmonton Canada Board Change • Jul 08
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 Director Jo Price was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 02
Storm Exploration Inc. Announces Resignation of Michael Sweatman from Its Board of Directors Storm Exploration Inc. announced that Michael Sweatman has resigned from its Board of Directors. New Risk • May 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$685k free cash flow). Negative equity (-CA$982k). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.88m market cap, or US$3.50m). New Risk • Mar 04
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$685k 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$685k free cash flow). Negative equity (-CA$982k). Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.80m market cap, or US$1.93m). Annonce • Feb 05
Storm Exploration Inc. Announces Chief Financial Officer Changes Storm Exploration Inc. announced the appointment of Ms. Taylor Niezen to chief financial officer. Ms. Niezen holds a Bachelor of Commerce from the University of Alberta and is a principal of Sprout Sourcing which provides financial, accounting, regulatory, compliance and management services to numerous issuers on Canadian and U.S. exchanges, including the TSX-V. Taylor has extensive experience in the governance and reporting of private and publicly listed exploration and mining companies and holds a Bachelor of Commerce from the University of Alberta. Taylor replaces Mr. Dwight Walker, B. Math, CPA, CGA, who has elected to focus on the other listed companies where he is CFO. Annonce • Feb 04
Storm Exploration Inc. Announces Management Changes Storm Exploration Inc. announced the appointment of Mr. Rob L'Heureux to its board of directors and Ms. Taylor Niezen to corporate secretary. Mr. L'Heureux is a Professional Geologist with 25 years of mineral exploration experience throughout the Americas, Africa, Asia and Australia having managed grassroots through to resource definition drill programs on a wide variety of base- and precious-metals projects. During his career Mr. L'Heureux has managed exploration campaigns of several multi-million-ounce gold deposits while also being an avid investor in the junior mining space and active in capital markets. Mr. L'Heureux holds a B.Sc. and an M.Sc. in Geology from the University of Alberta and the University of Western Ontario respectively. Ms. Niezen holds a Bachelor of Commerce from the University of Alberta and is a principal of Sprout Sourcing which provides financial, accounting, regulatory, compliance and management services to numerous issuers on Canadian and U.S. exchanges, including the TSX-V. Taylor has extensive experience in the governance and reporting of private and publicly listed exploration and mining companies and holds a Bachelor of Commerce from the University of Alberta. Taylor replaces Mr. Dwight Walker, B. Math, CPA, CGA, who has elected to focus on the other listed companies where he is CFO. The company also announced that Mr. Lon Shaver has resigned from its board of directors. Lon will continue to work with Storm as an advisor, providing guidance on capital markets and corporate strategy. Storm wishes to thank Mr. Shaver for his substantial contributions to the Company as a Director over the past seven years. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$987k). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.41m market cap, or US$1.68m). Board Change • Jan 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jo Price was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Dec 07
Storm Exploration Inc. announced that it has received CAD 0.5025 million in funding On December 6, 2024, Storm Exploration Inc., closed the transaction. The company issued 800,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 40,000 and 1,000,000 flow-through units at a price of CAD 0.06 per unit for the gross proceeds of CAD 60,000 for the gross proceeds of CAD 100,000 in its second and final tranche closing. In connection with the closing of the offering, the Company paid aggregate cash finders’ fees of CAD 18,000 to arm’s length finders. New Risk • Nov 27
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$336k 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$336k free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-CA$987k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.82m market cap, or US$1.30m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Annonce • Sep 16
Storm Exploration Inc. announced that it expects to receive CAD 1.6 million in funding Storm Exploration Inc. announced a non-brokered private placement that it will issue units at a price of CAD 0.05 per Unit, and flow-through units at a price of CAD 0.06 per FT Unit for the gross proceeds of up to CAD 1,600,000 on September 16, 2024. Each Unit will consist of one common share of the Company and one warrant entitling the holder thereof to acquire an additional common share of the Company at an exercise price of CAD 0.10 per Warrant Share for a period of 24 months from the date of issuance. The FT Units will consist of one flow-through common share of the Company and one warrant entitling the holder thereof to acquire a common share of the Company at an exercise price of CAD 0.12 per Warrant Share for a period of 24 months from the date of issuance. The transaction is subject to the approval of the TSX Venture Exchange. The Offering may be closed in one or more tranches as subscriptions are received. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. New Risk • Aug 28
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$307k 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$307k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$804k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.94m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Annonce • Apr 24
Storm Exploration Inc. announced that it has received CAD 0.3105 million in funding On April 23, 2024, Storm Exploration Inc. closed the transaction. The company has now issued 6,210,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 310,500. The closing is subject to final acceptance of the TSX Venture Exchange. Officers and Directors of the company subscribed for a total of 1,300,000 Units for a total of CAD 65,000. In connection with the closing of the Offering, the company has paid aggregate cash finders’ fees of CAD 10,740 to arm’s length finders, representing 6% of the proceeds raised from subscriptions by certain placees introduced by the finders. The company has issued to the finders 214,800 non-transferable share purchase warrants entitling the purchase of an aggregate 214,800 common shares, on the same terms as the Warrants. The shares acquired by the placees under the Offering, and any shares which may be acquired upon the exercise of the Warrants and the Finder’s Warrants, are subject to a hold period of four months and one day, in accordance with applicable Canadian securities legislation.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 23 placees including existing insider involvement of 2 insiders for 1.300,000 and pro group involvement of 1 pro group for 250,000. New Risk • Mar 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% 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 (28% average weekly change). Negative equity (-CA$727k). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.52m market cap, or US$1.86m). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Annonce • Mar 15
Storm Exploration Inc. announced that it expects to receive CAD 0.3 million in funding Storm Exploration Inc. announced a non-brokered private placement of 6,000,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 300,000 on March 14, 2024. Each unit will consist of one common share and one-half warrant each whole warrant entitling the holder thereof to acquire an additional common share at an exercise price of CAD 0.075 per warrant share for a period of 36 months from the date of issuance. The offering may be closed in one or more tranches as subscriptions are received. All securities issued pursuant to the offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. New Risk • Feb 28
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$1.2m 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-CA$727k). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.46m market cap, or US$1.08m). Annonce • Jan 23
Storm Exploration Inc., Annual General Meeting, Mar 27, 2024 Storm Exploration Inc., Annual General Meeting, Mar 27, 2024. Annonce • Dec 01
Storm Exploration Inc. announced that it expects to receive CAD 1.5 million in funding Storm Exploration Inc. announced a non-brokered private placement of units at a price of CAD 0.07 per unit and flow-through shares at a price of CAD 0.09 per share for the gross proceeds of CAD 1,500,000 on November 29, 2023. Each unit will consist of one common share of the company and one-half warrant each whole warrant entitling the holder thereof to acquire an additional common share of the company at an exercise price of CAD 0.11 per warrant share for a period of 36 months from the date of issuance. The offering is subjected to the approval of the TSX Venture Exchange. Under the offering, a maximum of 21,428,572 common shares of the company and 10,714,286 warrants will be issuable under the units. The offering may be closed in one or more tranches as subscriptions are received. All securities issued pursuant to the offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Subject to Exchange approval, finder’s fees may be paid to persons who introduce the company to investors. Board Change • Oct 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. 4 experienced directors. No highly experienced directors. Independent Director Jo Price was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$176k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-CA$176k). Earnings have declined by 9.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.29m market cap, or US$1.69m). Minor Risk Shareholders have been diluted in the past year (34% increase in shares outstanding). New Risk • Aug 03
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$3.0m 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$3.0m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.50m market cap, or US$1.87m). Minor Risk Shareholders have been diluted in the past year (34% increase in shares outstanding). Annonce • Feb 18
Storm Exploration Inc., Annual General Meeting, Mar 29, 2023 Storm Exploration Inc., Annual General Meeting, Mar 29, 2023. Annonce • Feb 09
Storm Exploration Identifies Compelling VMS Target at Gold Standard Storm Exploration Inc. announced that it has identified a large conductivity anomaly in recently collected airborne magnetic and electromagnetic ("EM") survey data. The anomaly has a strike length of more than five kilometres and occurs in host rocks that are often associated with Volcanogenic Massive Sulphide ("VMS") mineralization. This is supported by copper and zinc mineralization noted in historical drill holes. The conductivity anomaly was identified in a property-wide airborne magnetic and electromagnetic survey flown in Q3/2022 using the Versatile Time Domain Electromagnetic ("VTEM") system. Historical geophysics conducted in the late 1960's across the property was subsequently drill tested using a small, man-portable drill between 1969 and 1970. Only four holes were drilled and all were terminated at a depth of less than 50 metres. Three of these holes encountered chalcopyrite and sphalerite, which are copper and zinc bearing minerals respectively. The anomaly lies along the limbs of an apparent fold that is adjacent to the regional-scale Manitou Straits shear zone in the southwest of the property which hosts the gold bearing quartz veins that were mined between 1901 and 1903. The newly identified conductivity anomaly can be accessed using exiting forestry roads, making its evaluation simple and cost-effective. Annonce • Jan 26
Storm Exploration Inc. announced that it has received CAD 1.00126 million in funding On January 24, 2023, Storm Exploration Inc. closed the transaction. The company has issued 8,343,836 units at an issue price of CAD 0.12 for the gross proceeds of CAD 1,001,260. The transaction included participation from 29 placees, including 933,333 from two placees belongs to existing insider involvement. In connection with the closing of the offering, the company has paid aggregate cash finders' fees of CAD 32,467 to arm's length finders, representing 6% of the proceeds raised from subscriptions by certain placees introduced by the finders. The company has issued to the finders share purchase warrants entitling the purchase of an aggregate 255,000 common shares, on the same terms as the warrants. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. Annonce • Jan 04
Storm Exploration Inc. announced that it expects to receive CAD 0.5 million in funding Storm Exploration Inc. announced a non-brokered private placement of up to 4,166,667 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 500,000 on January 3, 2023. Each unit will consist of one common share and one-half of warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.18 for a period of 24 months from issuance. The transaction may include participation from current insiders of the company. The offering may be closed in one or more tranches as subscriptions are received. All securities issued pursuant to the offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Subject to TSX exchange approval, finder's fee may be paid with respect to the transaction. The transaction is subject to approval from TSX Venture Exchange. Annonce • Sep 28
Lithoquest Resources Inc,. Reports Up to 166 G/T Au from Grab Samples At Gold Standard Lithoquest Resources Inc. announced assay results of up to 166 g/t Au from grab samples collected in June 2022 from historical workings at the Gold Standard HW-271 showing. The 5,953 ha property is road accessible and located approximately 65 kilometres north of the community of Fort Frances in northwestern Ontario, Canada. Key Points: Assay results of note from grab samples collected at HW-271 included: 166 g/t Au or 5.34 opt Au; 88.6 g/t Au or 2.78 opt Au; 83.4 g/t Au or 2.68 opt Au; 77.6 g/t Au or 2.49 opt Au; Gold mineralization extended 600 metres north of HW-271. Detailed property-wide airborne electromagnetic survey scheduled for October 2022. The program focused on confirming the high-grade mineralization at HW-271 and obtaining a geochemical "fingerprint" for use in identifying priority drill-targets elsewhere on the project. Gold mineralization at HW-271 occurs in shear-hosted quartz veins that include minor amounts of chlorite, ankerite, pyrite, and chalcopyrite. Prospecting in the vicinity of HW-271 identified a system of quartz veins with similar mineralization approximately 600 metres to the north. Assay results from a grab sample collected at this location returned 0.59 g/t Au, significantly expanding the footprint of gold mineralization on the project. Work conducted at Gold Standard in June included geological mapping and prospecting, as well as soil and bio-geochemical sampling. The program was conducted over the course of two weeks and included the collection of 76 rock samples, 154 soil samples and 169 biogeochemical samples. Access to the property was readily available via existing roads and lakes. Results from the soil and biogeochemical samples are expected in the coming weeks. Gold mineralization at HW-271 is associated with conductive sulphide minerals that include pyrite and chalcopyrite. As a result, Lithoquest has engaged a geophysical contractor to conduct a detailed airborne time-domain electromagnetic survey over the property. Areas of the project that exhibit similar electromagnetic characteristics to zones of known mineralization will be evaluated for possible drill testing. The geophysical survey is expected to be completed in the next six weeks. Rock samples were sent to Activation Laboratories Ltd. in Thunder Bay, a IS0/IEC 17025:2005 accredited laboratory. Gold results from the rock samples were obtained from a 30g homogenized sample analysed by fire assay with atomic absorption spectrometry. For samples that returned > 5000ppb Au from fire assay/AAS, a re-assay by fire assay with a gravimetric finish was employed. Annonce • Jul 21
Lithoquest Resources Inc. Announces Assay Results from the 2022 Spring Drill Program on Its Miminiska Property Located in Northwestern Ontario, Canada Lithoquest Resources Inc. announced assay results from the 2022 spring drill program on its Miminiska Property located in northwestern Ontario, Canada. Three zones with significant gold mineralization were encountered, including 27.6 g/t Au over 0.59m starting from 115m. 2022 Spring Drill Program; 659m of drill core was recovered from two holes drilled at the Miminiska Prospect in March 2022: DDH 22-01 and DDH 22-02. Approximately 800 core samples were collected and submitted for assay. DDH 22-01 was inclined at -55 and drilled at an azimuth of 178 degrees obliquely across the southern limb of the folded iron formation. The drill hole intersected altered iron formation and clastic sediments. DDH 22-01 returned four assays > 1 g/t Au including 2.40 g/t Au over 1.0 meter and 2.39 g/t Au over 0.44 meters. DDH 22-02 was inclined at -60 and drilled due north to test a coincident structural and conductivity target located on the west side of the central limb. Significant sulphide mineralization, including pyrite, pyrrhotite and arsenopyrite as well as quartz veining was encountered in 2 sections of altered iron formation in the drill hole. Both sections returned significant assays including 27.60 g/t Au over 0.59 meters and 1.76 g/t over 5.72 meters (including 6.73 g/t Au over 0.53 meters and 9.91 g/t Au over 0.37 meters). QA/QC Program; The company employs a comprehensive quality assurance/quality control program. Drill core logging and sampling was completed at Bayside Geoscience's office located in Thunder Bay. Sample lengths were typically between 0.5 and 1.0 meter with a minimum sample length of 0.35 meters and a maximum of 1.25 meters. Drill core was cut in half using a rock saw equipped with a diamond blade. One half of the core was put into a sealed polyurethane sample bag and the remaining half returned to the core box for archiving. Once packaged and sealed, the samples were delivered by Bayside Geoscience personnel to Activation Laboratories Ltd. ("Actlabs") Thunder Bay location, a IS0/IEC 17025:2005 accredited laboratory. As part of the QA/QC program, each sample submission included blanks, duplicates and certified reference materials (CRM's) representing 10% of the total samples analyzed. Duplicate samples were created by cutting core into two quarter core samples, each submitted in a separate polyurethane sample bag with a unique sample identification. Actlabs also performs internal QA/QC analyses as part of their protocols. Gold results were obtained from a 30g homogenized sample analysed by fire assay with atomic absorption spectrometry ("AAS"). For samples that returned > 5000ppb Au from fire assay/AAS, a reassay by fire assay with a gravimetric finish was employed. Annonce • Apr 08
Lithoquest Resources Inc. Conducts Field Program At Miminiska Prospect Lithoquest Resources Inc. announced that it has completed ground geophysical surveys, identified high-priority targets, and conducted drilling on the Miminiska Prospect located within the traditional territory of the Eabametoong First Nation ("EFN") in northwestern Ontario. Miminiska Prospect: The Miminiska Prospect is located within the 5,500 ha Miminiska Project and is characterized by an extensively faulted and folded banded iron formation ("BIF"). Drilling conducted between 1944 and 2005 shows that high-grade gold mineralization occurs within the BIF and is associated with conductive sulphide minerals such as arsenopyrite and pyrrhotite. Historical drill results at the Miminiska prospect include 5.75 g/t Au over 20.8m starting at 51.9m and 13.95 g/t Au over 5.3m starting at 235.8m. Field Program: The Company commenced field operations on the Miminiska Prospect in late February. More than 135 line-km of ground magnetic and electromagnetic surveys were completed before drilling was initiated. Drilling tested two of the new high-priority targets. Approximately 650m of core was obtained in total and sulphide mineralization was observed in both drill holes. Samples of the mineralized core will be submitted for assay with results to be reported in due course. Lithoquest suspended drilling after completing two holes to facilitate consultation with the EFN on the Company's three principal projects: Miminiska, Keezhik and Attwood. Drilling is anticipated to resume in the summer of 2022. High-Priority Targets: The recently completed ground geophysical surveys have identified several targets within the Miminiska Prospect that have not yet been tested with drilling and that are similar in response to the known zones of high-grade gold mineralization. A 45 line-km horizontal loop electromagnetic survey was completed over the Miminiska BIF. Multi- frequency data were collected along 50m lines with the transmitter and receiver separated by 100m. 91 line-km of ground magnetic data were also collected. The detailed magnetic data provides greater resolution on the location of the BIF and the structural setting of the prospect area. Annonce • Feb 11
Lithoquest Resources Inc. announced that it expects to receive CAD 3.5 million in funding Lithoquest Resources Inc. announced a non-brokered private placement for gross proceeds of CAD 3,500,000 on February 10, 2022. The company will issue units at a price of CAD 0.115 per unit, flow through units at a price of CAD 0.14 per unit, and charity flow through units at a price of CAD 0.16 per unit in the transaction. Each unit will consist of one common share and one-half of warrant. Each flow through units and charity flow through unit will consist of one flow through share and one-half warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.17 for a period of 24 months from issuance. The transaction may include participation from insiders of the company. The company may receive funding in one or more tranches. All securities issued will be subject to hold period. Subject to TSX exchange approval, finder's fee may be paid with respect to the transaction. The transaction is subject to approval from TSX Venture Exchange. Annonce • Oct 01
Lithoquest Resources Inc. Commences Sampling Program on the Keezhik Project Lithoquest Resources Inc. announced that it has commenced a field program of prospecting and geochemical sampling on its gold properties located in NW Ontario beginning with the Keezhik Project. The goal of the field program is to refine high-priority targets in advance of drill-testing in 2022. Targets have been developed through a review of the airborne magnetic data and LIDAR imagery acquired earlier this year in conjunction with historical information. Field crews will initially be deployed to the Keezhik Project where multiple high priority targets have been identified and limited historical work has been completed. Exploration targets at Keezhik are represented by the following examples: KL-12 Target: High-grade gold confirmed in historical drilling (e.g., 25.78 g/t over 1.30m) along with numerous gold-bearing historical surface rock samples. Hansen Target: Multiple gold-bearing historical surface rock samples (e.g., 12.20 g/t) in proximity to deformed iron formation. Antiform Target: Gold in historical soil samples collected over folded iron formation and located along the same regional shear structure that extends to the Musselwhite Mine Rock, soil and biogeochemical samples will be collected within the target areas over a four-week period. Samples will be sent to an accredited laboratory for analysis and results made available once received. Annonce • Aug 11
Lithoquest Resources Inc. Announces Completion of LiDAR Survey at its three Gold Projects in NW Ontario Lithoquest Resources Inc. announced that it has completed a Laser Imaging, Detection and Ranging ("LIDAR") survey over its three gold projects located in NW Ontario: Attwood, Keezhik and Miminiska. Data from the LIDAR survey will be used in conjunction with additional exploration information to identify high-priority targets for follow-up. The survey uses radar to penetrate vegetation and accurately measure the earth's surface. Results will be used to accomplish the following: Identify geological outcrops in areas of extensive cover; Detect alteration and mineralization patterns; Assist with the design of soil geochemistry surveys; Identify structures of interest such as shears, faults, fractures, and folds; Produce a high-resolution digital elevation model. In addition to the LIDAR survey, the 2021 program will include the following activities: Compilation and review of historical data; Review of existing drill core to gain a better understand the geology and known zones of mineralization; Detailed airborne magnetic surveys to aid in identifying new high-priority target areas; A field program consisting of prospecting and geochemistry surveys over areas of interest identified from the airborne survey data and the historical database. The results of the 2021 desktop and field work will be used to develop priority targets for the Company's inaugural drill program, commencing in First Quarter of 2022. Annonce • Jul 03
Lithoquest Resources Inc. announced that it has received CAD 2.4945 million in funding On July 2, 2021, Lithoquest Resources Inc. closed the transaction. The company has issued 18,095,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 1,809,500 and 5,480,000 flow-through shares at an issue price of CAD 0.125 for gross proceeds of CAD 685,000 and for total gross proceeds of CAD 2,494,500. The company has paid aggregate cash finders' fee of CAD 60,075 to arm’s length finders, representing 6% of the proceeds raised from subscriptions by certain placees introduced by the finders. The company has issued to the finders share purchase warrants entitling the purchase of an aggregate 795,300 common shares, on the same terms as the warrants. The shares issued will have a hold period until October 31, 2021, in accordance with applicable Canadian securities legislation. Four related parties participated in the transaction acquired an aggregate of 250,000 units and 400,000 FT shares. Annonce • Jun 01
Lithoquest Resources Inc. announced that it expects to receive CAD 0.9 million in funding Lithoquest Resources Inc. (TSXV:LDI) announced a private placement of maximum of 4,000,000 units at a price of CAD 0.10 per unit and maximum of 4,000,000 flow-through shares at a price of CAD 0.125 per share for aggregate gross proceeds of CAD 900,000 on May 31, 2021. Each unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.15 per share for a period of 24 months from issuance. The company may receive funding in tranches. The minimum investment accepted is CAD 2,000. The transaction is subject to approval from TSX Venture Exchange. Annonce • Mar 06
Lithoquest Resources Inc. announced that it has received CAD 0.2384 million in funding On March 5, 2021, Lithoquest Resources Inc. (TSXV:LDI) closed the transaction. The company amended the terms of the transaction . The company has now received $238,400 in the transaction. The company has received acceptance for filing documentation from TSX Venture Exchange with respect to this transaction. The company paid finder's fees of $5,376 in the transaction. Annonce • Feb 19
Lithoquest Resources Inc. announced that it expects to receive CAD 0.2 million in funding Lithoquest Resources Inc. (TSXV:LDI) announced a non-brokered private placement of up to 2,500,000 units at a price of CAD 0.08 per unit for gross proceeds of up to $200,000 on February 18, 2021. Each unit will consist of one common share of the company and one full warrant, entitling the holder thereof to acquire an additional common share of the company at an exercise price of CAD 0.12 per warrant share for a period of 24 months from the date of issuance. The transaction will include participation from accredited investors, family members, close friends and business associates of directors and officers of the company, to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the exemption set out in BC Instrument 45-536 and to existing shareholders of the company pursuant to the exemption set out in British Columbia Securities Commission BC Instrument 45-534. The transaction may be closed in one or more tranches as subscriptions are received. The minimum subscription amount is 20,000 units for CAD 1,600. All securities issued will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The company may pay finder's fees. The transaction is subject to approval of the TSX Venture Exchange. If the placement is over-subscribed, subscriptions will be accepted at the discretion of the company and
subject to the approval of the Exchange. Annonce • Dec 24
Lithoquest Resources Inc. (TSXV:LDI) acquired Fort Hope Greenstone Belt in northwestern Ontario. Lithoquest Resources Inc. (TSXV:LDI) acquired Fort Hope Greenstone Belt in northwestern Ontario on December 22, 2020. A finder’s fee associated with the acquisition of the property will be paid to an advisor to Lithoquest Resources Inc. subject to approval by the exchange.
Lithoquest Resources Inc. (TSXV:LDI) completed the acquisition of Fort Hope Greenstone Belt in northwestern Ontario on December 22, 2020. Annonce • Oct 01
Lithoquest Diamonds Inc. Appoints Jo Price as an Independent Director Lithoquest Diamonds Inc. announced the appointment of Ms. Jo Price, M.Sc., MBA, P.Geo as an independent director, effective immediately. In addition, Ms. Price will serve as a member of the Compensation Committee and the Audit Committee. Ms. Price is an independent geological consultant to a number of junior mining and exploration companies, with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, poly-metallic, and graphite projects in the USA, Australia, and Canada. Annonce • Aug 06
Lithoquest Diamonds Inc. Auditor Raises 'Going Concern' Doubt Lithoquest Diamonds Inc. filed its Annual on Jul 29, 2020 for the period ending Mar 31, 2020. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.