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. Company Secretary & Independent Non-Executive Director Sonu Cheema 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. Annuncio • Mar 24
Austin Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.04 million. Austin Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.04 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 396,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 204,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Jan 15
Austin Metals Limited Announces Changes to Company Secretary, Effective January 15, 2026 Austin Metals Limited announced the appointment of Sonu Cheema as Company Secretary, effective January 15, 2026. Mr. Cheema is currently a Non-executive Director of Austin Metals and is a highly experienced corporate professional with over 15 years of experience working with publicly listed companies in Australia and abroad. With the appointment of Mr. Cheema, Flynn Blackburn resigns from the role of Company Secretary effective January 15, 2026. Mr. Cheema will be the person responsible for communication between the Company and the ASX. New Risk • Jan 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 (28% average weekly change). Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$19k revenue, or US$13k). Market cap is less than US$10m (AU$9.90m market cap, or US$6.62m). Board Change • Dec 24
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 Sonu Cheema 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. Annuncio • Dec 10
Austin Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Austin Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 396,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 204,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Oct 28
Austin Metals Limited, Annual General Meeting, Nov 27, 2025 Austin Metals Limited, Annual General Meeting, Nov 27, 2025. Location: level 4, 88 william street, perth wa 6000 Australia Annuncio • Jul 02
Austin Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3 million. Austin Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing Annuncio • Mar 26
Austin Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.3 million. Austin Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing Annuncio • Jan 31
Austin Metals Limited Announces Resignation of Rhys Waldon as Company Secretary Austin Metals Limited advised that Mr. Rhys Waldon has resigned from the role of Joint Company Secretary effective January 31, 2025. The Board thanks Mr. Waldon for his efforts and wishes him well for the future. Annuncio • Oct 09
Austin Metals Limited, Annual General Meeting, Nov 27, 2024 Austin Metals Limited, Annual General Meeting, Nov 27, 2024. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share (in line with FY 2023). Net loss: AU$738.5k (loss widened 26% from FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. New Risk • Sep 29
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 (AU$12k revenue, or US$8.0k). Market cap is less than US$10m (AU$5.30m market cap, or US$3.66m). 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 (30% increase in shares outstanding). New Risk • Dec 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 (AU$13k revenue, or US$8.5k). Market cap is less than US$10m (AU$8.59m market cap, or US$5.76m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Board Change • Oct 18
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. Company Secretary & Independent Non-Executive Director Sonu Cheema 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. New Risk • Oct 02
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$1.2m 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 (-AU$1.2m free cash flow). Revenue is less than US$1m (AU$13k revenue, or US$8.1k). Market cap is less than US$10m (AU$7.11m market cap, or US$4.57m). Reported Earnings • Sep 28
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (in line with FY 2022). Net loss: AU$588.1k (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Sep 05
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. Company Secretary & Independent Non-Executive Director Sonu Cheema 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. Reported Earnings • Mar 15
First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022) First half 2023 results: EPS: AU$0 (in line with 1H 2022). Net loss: AU$302.7k (loss narrowed 12% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director Sonu Cheema is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (improved from AU$0.002 loss in FY 2021). Net loss: AU$773.6k (loss narrowed 22% from FY 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Jun 29
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Non-Executive Director Sonu Cheema is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Mar 29
High number of new directors Non-Executive Director Darren White was the last director to join the board, commencing their role in 2021. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2020) Full year 2021 results: Net loss: AU$997.4k (loss widened 80% from FY 2020). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Annuncio • Apr 08
Silver City Minerals Limited announced that it expects to receive AUD 1.5 million in funding from Gardner Mining Pty Ltd., and other investors Silver City Minerals Limited (ASX:SCI) announced a private placement of 100,000,000 FPO shares at a price of AUD 0.015 per share for gross proceeds of AUD 1,500,000 on April 7, 2021. The company will raise the funding in two tranches, with first tranche consisting of 57,281,600 shares and second tranche consisting of 42,718,400 shares. The second tranche will include participation from Gardner Mining Pty Ltd. for up to AUD 590,776 and the directors of the company for up to AUD 50,000. The second tranche is subject to shareholder approval, and the transaction is expected to close on May 31, 2021. Reported Earnings • Mar 15
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$657.8k (loss widened 124% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 29
Full year earnings released - AU$0.0017 loss per share Over the last 12 months the company has reported total losses of AU$554.3k, with losses narrowing by 64% from the prior year. 