Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Non-Independent Director Emma Le Ster was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 20
Forecast to breakeven in 2028 The analyst covering Falcon Energy Materials expects the company to break even for the first time. New forecast suggests the company will make a profit of CA$143.0m in 2028. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Annonce • Apr 14
Falcon Energy Materials plc, Annual General Meeting, Jun 18, 2026 Falcon Energy Materials plc, Annual General Meeting, Jun 18, 2026. Annonce • Apr 10
Falcon Energy Materials plc announced that it expects to receive $70 million in funding Falcon Energy Materials plc entered into a non-binding term sheet with a Tier 1 strategic and financial partner for a private placement to issue common shares for the proceeds of $70 million on April 9, 2026. The completion of the transaction remains subject to the negotiation and execution of agreements, completion of due diligence and receipt of all applicable approvals, including approval of the TSX Venture Exchange and receipt of all required regulatory Annonce • Feb 10
Falcon Energy Materials plc announced that it expects to receive CAD 25 million in funding Falcon Energy Materials plc announced a non-brokered private placement to issue 41,666,667 units at a price of CAD 0.60 per Unit for gross proceeds of CAD 25,000,000.2 on February 9, 2026. Each Unit will be comprised of one ordinary share and one non-transferable share purchase warrant. Each Warrant grants the holder the right to purchase, for a period of 36 months from the date of closing, one additional Share at a price of CAD 0.75 per Warrant Share. The Private Placement will be subject to standard regulatory approvals and conditions, including but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange (the “TSXV”). All securities issued under the Private Placement will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws. No commissions will be payable in connection with the Private Placement. The Company expects that insiders of the Company may participate in the Private Placement. Annonce • Mar 16
SRG Mining Inc., Annual General Meeting, May 17, 2024 SRG Mining Inc., Annual General Meeting, May 17, 2024. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (€53.3m market cap, or US$57.7m). Market cap is less than US$100m (€53.3m market cap, or US$57.7m). New Risk • Dec 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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 Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€59.3m market cap, or US$65.5m). Annonce • Jul 12
SRG Mining Inc. announced that it expects to receive CAD 16.933428 million in funding from Carbon ONE New Energy Group Co., Ltd SRG Mining Inc. announced that it has entered into agreement for a private placement of 28,222,380 shares at an issue price of CAD 0.60 per share for proceeds of CAD 16,933,428 on July 10, 2023. The transaction will include participation from new investor Carbon ONE New Energy Group Co., Ltd for 19.4% stake. The transaction is subject to approval by the TSX Venture Exchange, other customary closing conditions, recordals and registration with certain Chinese regulatory agencies as well as the Canadian Government, namely pursuant to a voluntary notification filing pursuant to the Investment Canada Act. Completion of the transaction is expected to occur by Q1 2024. The common shares will be subject to a four month and one day hold period from the date of their issuance in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Annonce • Nov 03
SRG Mining Inc. Announces Resignation of Nikolaos Sofronis as Member of the Board of Directors SRG Mining Inc. announced that the Board of Directors accepted the resignation of Mr. Nikolaos Sofronis as a member of the Board of Directors. Annonce • Jun 11
SRG Mining Inc. Approves the Appointment of Vincent Benoit and Nikolaos Sofronis as Additional Members to the Board of Directors SRG Mining Inc. at its annual general meeting held in on June 9, 2022, the Company announced that at the AGM, shareholders approved the appointment of Vincent Benoit and Nikolaos Sofronis as additional members to the Board of Directors. Annonce • Jun 03
An undisclosed buyer acquired 3.5% stake in SRG Mining Inc. (TSXV:SRG) from Sama Resources Inc. (TSXV:SME) for CAD 2.8 million. An undisclosed buyer acquired 3.5% stake in SRG Mining Inc. (TSXV:SRG) from Sama Resources Inc. (TSXV:SME) for CAD 2.8 million on June 1, 2022. Pursuant to share purchase agreement, Sama Resources Inc. sold 4 million common shares of SRG Mining Inc at a deemed price of CAD 0.7 per common share. Immediately prior to the deal, Sama held direct ownership and control of 19.18 million Common Shares representing 16.88% of the issued and outstanding shares of SRG. Following the sale, Sama Resources will own 15.18 million common shares of SRG, representing 13.36% of the issued and outstanding shares of SRG Mining.
An undisclosed buyer completed the acquisition of 3.5% stake in SRG Mining Inc. (TSXV:SRG) from Sama Resources Inc. (TSXV:SME) on June 1, 2022. Annonce • Jun 02
SRG Mining Inc. announced that it has received CAD 2.8 million in funding from Sama Resources Inc. SRG Mining Inc. announced that it has entered into agreement with returning investor Sama Resources Inc. for a private placement of 4,000,000 shares at an issue price of CAD 0.70 per share for gross proceeds of CAD 2,800,000 on June 1, 2022. Annonce • May 19
SRG Mining Inc. Announces Strategic Corporate Plan to Develop Its Lola Graphite Project in the Republic of Guinea SRG Mining Inc. announced further details on the strategic corporate plan to develop its Lola Graphite Project in the Republic of Guinea (the "Lola Project") into a fully integrated supplier of battery anode material to the European market. The integrated business model would result in the creation of a mine-to-market active anode material producer, hosting a large high-purity graphite production mine and concentrator in Africa and a value-added, coated spherical purified graphite ("CSPG") conversion facility in Europe. Two Studies Underway: The Company announced the start of an independent, updated feasibility study (the "Updated Feasibility Study" or "UFS"), which will include basic engineering, to confirm technical opportunities and capital and operating costs for target initial production of 100,000 tonnes per annum ("tpa") of graphite as concentrate from the Lola Project. The UFS follows the 2019 Feasibility Study which was prepared by DRA Global Limited ("DRA"). Following extensive consultation with its partners, technical consultants, industry participants and potential offtake partners SRG has concluded that an increase in concentrate production, from 50,000 tpa as disclosed in the 2019 Feasibility Study to 100,000 tpa, is expected to significantly increase capital efficiency and project economics. The Updated Feasibility Study will also be prepared by DRA and is scheduled to be completed in fourth quarter of 2022. In parallel with the UFS the Company also announced the start of an independent, preliminary economic assessment ("PEA") of initial options for the start-up of a second transformation step to produce CSPG from the Lola Project graphite concentrate. The PEA will be prepared by Dorfner Analysenzentrum und Anlagenplanungsgesellschaft mbH ("Anzaplan"), a leading consultancy and engineering company for industrial, specialty mineral and metal projects, based in Hirschau, Germany. The PEA is scheduled to be completed in first quarter of 2023. An integral part of the PEA will be to update existing metallurgical test work on spheroidization, purification and coating aspects to produce a high-quality CSPG product. The Company will provide Anzaplan and its partners with part of its 10 tonnes bulk sample concentrate, which it has available from previous pilot-scale metallurgical test work. The results of the additional metallurgical test work will also provide valuable samples for future offtakers to accelerate the extensive product qualificationand test work required by cell manufacturers. Board Change • May 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Alhamdou Diagne 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 • Apr 09
SRG Mining Inc., Annual General Meeting, Jun 09, 2022 SRG Mining Inc., Annual General Meeting, Jun 09, 2022. Annonce • Apr 01
SRG Mining Inc. announced that it has received CAD 12.568047 million in funding from La Mancha Holding S.a.r.l., Investment Arm On March 31, 2022, SRG Mining Inc. closed the transaction. Closing of the transaction remains subject to customary regulatory conditions namely final approval of the TSX Venture Exchange. All securities issued are subject to a four-month and a day hold period expiring August 1, 2022. Annonce • Feb 24
SRG Mining Inc. announced that it has received CAD 0.27 million in funding On Feburary 22, 2022, SRG Mining Inc. closed the transaction. All securities issuable are subject to a four month hold period from the date of issuance in accordance with applicable Canadian securities laws. Annonce • Jan 22
SRG Mining Inc. announced that it expects to receive CAD 0.27 million in funding SRG Mining Inc. announced a non-brokered private placement of 500,000 common shares at a price of CAD 0.54 per share for gross proceeds of CAD 270,000 on January 21, 2022. Annonce • Jun 02
SRG Mining Inc. Reports the Discovery of A New Graphite Occurrence SRG Mining Inc. reported the discovery of a new graphite occurrence in northern Liberia, West Africa. The discovery followed a geological investigation within SRG's Liberia exploration permit located immediately south of the border with Guinea and as a prolongation of the Lola graphite project in Guinea. As a general corporate update, the Government of Quebec announced that it has, through Investissement Quebec, concluded a deal with Sayona Quebec regarding the purchase of assets of North American Lithium Inc. within the procedures of the Sale and Investor Solicitation Process relating to NAL ("SISP"). Faced with this conclusion and considering a number of irregularities
which have tainted the procedure of the SISP, SRG is currently evaluating its legal rights and recourses. Is New 90 Day High Low • Feb 12
New 90-day high: €0.54 The company is up 92% from its price of €0.28 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 60% over the same period. Annonce • Jan 28
SRG Mining Inc. announced that it expects to receive funding from Sprott Inc. SRG Mining Inc. (TSXV:SRG) announced that it will receive convertible debt of CAD 9,530,000 on January 26, 2021. The transaction will include participation from Sprott Private Resource Lending II (Collector) L.P. a fund managed by Sprott Inc. (TSX:SII). On same day, The company received $800,000 (CAD 1,016,533) and includes a subscription for 109,900 common shares at the price of CAD 0.58 per share in first tranche for gross proceeds of CAD 63,742. The notes will be convertible into common shares of the company, at a conversion price equal to CAD 0.70 per share.
During second tranche the company will receive remaining $6,700,000 (CAD 8,513,467) and shall be convertible into common shares at a conversion price equal to the lesser of CAD 0.74 per share or the equity financing price. The company will issue 5,000,000 warrants, whereby each warrant shall entitle the holder to purchase one common share and shall contain customary anti-dilution clauses. The warrants will be fully transferable and will have a term of 3 years from their date of issue and an exercise price equal to a 15% premium to the lesser of the 20-day volume weighted average price of the common shares of the company prior to the closing date and the price at which common shares of the company are issues as part of the equity financing price. The interest rate of the convertible senior note under the financing is 8.00% per annum, payable semi-annually in arrears on the last day of June and December in each year, commencing June 30, 2021 computed on the basis of a 360-day year composed of twelve 30-day months. The Financing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange. All securities issuable in connection with the Financing are subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws. Is New 90 Day High Low • Dec 01
New 90-day high: €0.37 The company is up 21% from its price of €0.31 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: €0.27 The company is down 41% from its price of €0.46 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period. 
