Annuncio • Apr 16
Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 28.000001 million. Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 28.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,333,334
Price\Range: AUD 0.75
Discount Per Security: AUD 0.0375
Transaction Features: Subsequent Direct Listing Annuncio • Mar 31
Midas Minerals Limited, Annual General Meeting, May 27, 2026 Midas Minerals Limited, Annual General Meeting, May 27, 2026. Annuncio • Sep 19
Midas Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 11.5 million. Midas Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 11.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,026,082
Price\Range: AUD 0.37
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,000
Price\Range: AUD 0.37
Transaction Features: Subsequent Direct Listing Annuncio • Jul 16
Midas Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 6.5 million. Midas Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 6.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,019,918
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,313,415
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Annuncio • May 20
Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 6.5 million. Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 6.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,019,918
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,313,415
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Annuncio • Mar 26
Midas Minerals Limited, Annual General Meeting, May 26, 2025 Midas Minerals Limited, Annual General Meeting, May 26, 2025. Board Change • Feb 04
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 Chairman Sara Kelly 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. Annuncio • Jan 16
Midas Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million. Midas Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,200,000
Price\Range: AUD 0.08
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,800,000
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing Annuncio • Nov 01
Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.6 million. Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,200,000
Price\Range: AUD 0.08
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,800,000
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing Annuncio • Oct 18
Midas Minerals Ltd Appoints Marie Forsyth as Company Secretary Midas Minerals Ltd. announced that Marie Forsyth has been appointed as a Company Secretary effective 18 October 2024, joining existing Company Secretary Ms. Maddison Cramer. Ms. Forsyth is a corporate lawyer with mining and native title legal experience. Marie also holds a metallurgy degree from the Western Australian School of Mines and has practical knowledge in mining operations and metallurgical laboratories across a wide range of mineral commodities. She is currently a company secretary at Riedel Resources Limited and Energy Transition Minerals Ltd. Prior to this, Marie was a solicitor at Steinepreis Paganin Lawyers and Mining Access Legal. Going forward, Ms Forsyth will be jointly responsible for communication with the ASX in relation to listing rule matters, pursuant to ASX Listing Rule 12.6. New Risk • Sep 11
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$3.1m 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$3.1m free cash flow). Shares are highly illiquid. Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.72m market cap, or US$4.47m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Board Change • Aug 21
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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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. New Risk • Jun 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% 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 Shares are highly illiquid. Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.70m market cap, or US$4.45m). Annuncio • Apr 24
Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.131665 million. Midas Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.131665 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,101,043
Price\Range: AUD 0.07
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,065,600
Price\Range: AUD 0.07
Transaction Features: Subsequent Direct Listing Board Change • Apr 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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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. Annuncio • Mar 21
Midas Minerals Limited, Annual General Meeting, May 21, 2024 Midas Minerals Limited, Annual General Meeting, May 21, 2024. Agenda: To consider election and re-election of director. Board Change • Jan 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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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 • Mar 29
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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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 • Mar 07
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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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. Annuncio • Jan 17
Midas Minerals Ltd Announces Lithium-Gold Target Zones over 20Km Strike At Newington, Wa Midas Minerals Ltd. announced assay results for the remaining 1,372 auger geochemical samples taken in late 2022 from its Newington Lithium-Gold Project in WA'sGoldfields region. Geochemical sampling, in conjunction with previously announced geochemical data, rock chip sampling and limited RC drilling, has further defined areas most prospective for lithium, with priority target zones extending over a combined 20km of strike. At least 174 of the recent auger geochemical results are considered anomalous in lithium, caesium, tantalum (LCT) or related indicator elements. Midas is awaiting results for a further 50 pegmatite samples.In results for 76 non-lithium rock chip samples collected during pegmatite prospecting in 2022, a total of 21 samples assayed at greater than 0.1g/t gold and 11 assayed at between 0.5g/t and 7.7g/t gold,. Several groups of undrilled gold-bearing historic workings were discovered southeast ofthe Newfield Mine; Midas will add these targets near historic workings to its priority list of areas for drilling. Board Change • Jan 17
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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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 • Nov 16
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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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 • Jul 26
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. 3 non-independent directors. Independent Non-Executive Chairman Sara Kelly 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. 
