Annuncio • Apr 28
Silicon Metals Corp. announced that it expects to receive CAD 0.6 million in funding Silicon Metals Corp. announced a private placement to issue 4,444,444 units at an issue price of CAD 0.135 for the proceeds of CAD 599,999.94 on April 27, 2026. The Units will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one common share at an exercise price of CAD 0.175 for a period of 24 months. Finders’ fees may be payable in connection with the Offering in accordance with the policies of the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after the date of issuance New Risk • Mar 11
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 Canadian stocks, typically moving 22% 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 (22% average weekly change). Earnings have declined by 69% per year over the past 5 years. Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.12m market cap, or US$1.56m). Annuncio • Feb 25
Silicon Metals Corp., Annual General Meeting, Apr 24, 2026 Silicon Metals Corp., Annual General Meeting, Apr 24, 2026. Annuncio • Jan 21
Silicon Metals Corp. (CNSX:SI) acquired 59 new mineral claim cells. Silicon Metals Corp. (CNSX:SI) acquired 59 new mineral claim cells on January 20, 2026.
Silicon Metals Corp. (CNSX:SI) completed the acquisition of 59 new mineral claim cells on January 20, 2026. Annuncio • Jan 02
Silicon Metals Corp. announced that it has received CAD 0.19861 million in funding On December 31, 2025. Silicon Metals Corp. announced that it has closed the transaction. It has issued 3,055,538 flow-through common at a price of CAD 0.065 for gross proceeds of CAD 198,609.97. Fees of CAD 4,212 were paid, and 64,800 finders' warrants were issued to certain finders in connection with the closing. New Risk • Dec 30
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 Canadian stocks, typically moving 20% 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 (20% average weekly change). Earnings have declined by 69% per year over the past 5 years. Shareholders have been substantially diluted in the past year (156% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.74m market cap, or US$2.00m). Annuncio • Oct 22
Silicon Metals Corp. announced that it has received CAD 0.255 million in funding On October 21, 2025, the company closed the transaction by closing of its final tranche of issuing 1,100,000 non-flow-through units at a price of CAD 0.05 per Non-Flow Through Unit for gross proceeds of CAD 55,000. Annuncio • Oct 10
Silicon Metals Corp. announced that it expects to receive CAD 0.2 million in funding Silicon Metals Corp. announced a 2,000,000 non-flow-through private placement of units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 100,000 and 1,428,571 flow-through units at an issue price of CAD 0.07 per unit for gross proceeds of CAD 99,999.97; aggregate gross proceeds of CAD 199,999.97 on October 9, 2025. The units of non flow-through will consist of one common share and one half of a non-flow-through common share purchase warrant, with each whole non-flow-through warrant entitling the holder thereof to purchase a non-flow-through common share at an exercise price of CAD 0.06 for a period of 24 months and flow-through consists of one flow-through common share and one half of a non-flow-through common share purchase warrant, with each whole non-flow-through warrant entitling the holder thereof to purchase a non-flow-through common share at an exercise price of CAD 0.10 for a period of 24 months. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after the date of issuance. Finders’ fees may be payable in connection with the Offerings in accordance with the policies of the CSE. Annuncio • Jun 05
Silicon Metals Corp. Commences 2025 Field Work and Reports High Purity Results Silicon Metals Corp. announced the start of fieldwork at its Ptarmigan Project (the "Project" or the "Property"), located approximately 130 km from Prince George, BC, following promising Fourth Quarter 2024 high-purity sampling results. The Company recently completed a high-definition airborne LiDAR survey, conducted by McElhanney Ltd., to generate a 3D topographic model of the Property. This will support modeling of the high-purity quartzite formations, which appear as prominent northwest-southeast trending ridges. In late 2024, 225 samples (184 quartzite and 41 country rock) were collected and analyzed by Bureau Veritas. Results showed: 48% of quartzite samples exceeded 99% SiO2. 8% exceeded 99.9% SiO2. Average purity: 98.49% SiO2. Main impurities included Al2O3 (0.84%), Fe2O3 (0.33%), K2O (0.17%), and TiO2 (0.10%). Samples were prepared using ceramic pulverisers and analyzed via XRF fusion to minimize contamination, though some metal traces from tools are expected. The reader is cautioned that grab samples are selected samples and may not represent true underlying mineralization. Procedures. Rock grab, chip, and channel samples were collected from in-situ outcrops. Channel samples were cut using a handheld masonry saw with a diamond blade and were collected in 2 meter intervals for a total of 24 meters across two separate channel cuts. Chip samples were taken from an exposed bluff in a quarry and were collected in 5 meter intervals for a total of 30 contiguous meters. Samples were placed in poly ore bags with unique sample IDs and sealed with zip ties. Rock descriptions, sample location, and sample details were recorded for each sample. Samples were shipped to Bureau Veritas labs in Vancouver, BC, an independent certified laboratory, via Bandstra Transportation Systems; in-house chain of custody and sample security measures were implemented for all sample shipments. Samples were crushed until 70% passed through 10 mesh and a further 250 grams was pulve rized (PRP70-250). Pulverized material was analyzed via X-ray fluorescence on a fused disc with Si02 detection limits of 0.01%. Qualified Persons. Jeremy Hanson, P. Geo., a Qualified Person as that term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the technical aspects of this news release. Mr. Hanson, P.Geo., is independent of Silicon Metals Corp. Raymond Wladichuk, P.Geo., a Qualified Person as the Qualified Person as that term are defined under NI 43-101, has also reviewed and approved the technical aspects. New Risk • May 31
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$829k 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$829k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$777.3k market cap, or US$566.4k). Annuncio • Mar 18
Silicon Metals Corp. announced that it expects to receive CAD 0.95 million in funding Silicon Metals Corp. announced a non-brokered private placement of up to 19,000,000 common shares at a price of CAD 0.05 per share for aggregate gross proceeds of up to CAD 950,000 on March 17, 2025. The shares will be subject to a statutory hold period of four months and a day from the date of issuance. The company may pay finders' fees in connection with the offering. The offering remains subject to the approval of the Canadian Securities Exchange. Board Change • Mar 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Adrian Smith is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Mar 06
Silicon Metals Corp. Appoints Mr. Raymond Wladichuk to its Board of Directors and Chief Operating Officer Silicon Metals Corp. announced that it has appointed Mr. Raymond Wladichuk to its board of directors and Chief Operating Officer of the Company. Mr. Wladichuk has over 15 years of experience in the natural resource industry. He has had a successful career holding numerous technical, managerial, executive, and officer roles for a number of private and public companies. Mr. Wladichuk has a strong background in exploration, engineering, and construction. As a consultant he has been involved in some of the larger natural resource engineering and construction projects in Canadian history. He has had the opportunity to perform mineral exploration and development throughout Canada on various commodities, as well as gaining extensive experience and expertise in the silica industry. He is a professional geoscientist registered in multiple Canadian provinces and holds a Bachelor of Science in Earth Sciences and a Graduate Diploma in Business Administration from Simon Fraser University (SFU). Ray attended SFU on an athletic scholarship and subsequently played two years of professional football with the Hamilton Tiger-Cats of the Canadian Football League. Annuncio • Jan 15
Silicon Metals Corp. (CNSX:SI) acquired Longworth Silica Property from Cronin Exploration Inc. for CAD 0.13 million. Silicon Metals Corp. (CNSX:SI) acquired Longworth Silica Property from Cronin Exploration Inc. for CAD 0.13 million on January 13, 2025. In accordance with the terms of the Agreement, to exercise the Option and acquire the Property, the Company (i) paid to the Optionor (Cronin Exploration Inc.) $35,000 in pre-paid exploration expenses, (ii) issued an aggregate of 3.3 million common shares to the Optionor, and (iii) granted the Optionor a 2.0% net smelter returns royalty (the "NSR Royalty") with respect to the Property. The Company has the right to purchase from the Optionor 50% of the NSR Royalty (being 1.0%) for $1,000,000 within 30 days of commercial production with respect to the Property.
Silicon Metals Corp. (CNSX:SI) completed the acquisition of Longworth Silica Property from Cronin Exploration Inc. on January 13, 2025. Annuncio • Dec 09
Silicon Metals Corp., Annual General Meeting, Feb 07, 2025 Silicon Metals Corp., Annual General Meeting, Feb 07, 2025. Annuncio • Dec 03
Silicon Metals Corp. announced that it expects to receive CAD 0.32 million in funding Silicon Metals Corp announced a non-brokered private placement consisting of the issuance of up to 4,000,000 flow-through units at a price of CAD 0.08 per Flow-Through-Unit for gross aggregate proceeds of up to CAD 320,000 on December 2, 2024. Each Flow-Through-Unit will consists of one common flow-through share in the capital of the Company and one-half of one share purchase warrant with each Warrant entitling the holder thereof to purchase one common share in the capital of the Company at a price of CAD 0.15 per Warrant Share for a period of twenty-four months following issuance. Finders’ fees of up to 8% cash and 8% Broker Warrants may be payable in connection with the Offering in accordance with the policies of the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after the date of issuance Annuncio • Oct 23
Silicon Metals Corp. Announces Mobilization of Field Crew for Phase 1 Exploration At Its 100% Owned Ptarmigan Silica Project Silicon Metals Corp. announced the Company has mobilized a field crew for Phase 1 exploration at its 100% owned Ptarmigan Silica Project located approximately 130km from Prince George, British Columbia, effective October 22nd, 2024. The Ptarmigan Silica project is located within the Rocky Mountain Trench, on the western flank of the Rocky Mountains and is proximal to the Fraser River valley. The project lies approximately 130 km east of Prince George, B.C., and is transected by the Yellowhead Highway. Ptarmigan is comprised of two claims for a total area of 2280 hectares. The area is underlain predominantly by metasedimentary rocks of the Proterozoic to Lower Cambrian age Cariboo Group. Within the Cariboo Group, the Yanks Peak formation is mainly quartzite, and is the target horizon for this project. The Phase 1 exploration program has now been planned which will include: Detailed mapping, Detailed channel sampling, Potentially high resolution arial photo survey, and; Preliminary metallurgical testing on initial samples recovered from the Phase 1 Work Program. Highlights from prior work which lead to Ptarmigan's recently filed 43-101: Recent sampling (three samples) returned values of 98.68, 98.44 and 99.52% SiO2. The target Yank Peaks quartzite outcrops are in a series of distinctive parallel ridges with approximately 20-30 meters of relief, and; Multiple parallel ridges with a total known strike in excess of 12km's are present. The Phase 1 exploration Work Program will include the above noted plans with an intention of determining the continuity and extent of the surface expression of the silica bearing ridges which will be used to guide the next phases of exploration work leading to a drill program. Additionally, the initial metallurgical testing is intended to guide development of a beneficiation process for the silica to cost effectively enhance the material grade and remove deleterious elements suitable for sale to global markets. Annuncio • Oct 12
Silicon Metals Corp. Welcomes Mr. Andrew Brown as Corporate Secretary Silicon Metals Corp. welcomed Mr. Andrew Brown as its new Corporate Secretary. Mr. Brown joins the Company from Ardent Corporate Services Inc., a full-service corporate secretarial firm that
provides corporate secretarial and corporate governance services for public and private companies including go-public transactions, private placements, SEDI, SEDAR, and regulatory reporting. Mr. Brown has over 15 years of experience working in the public markets and has served as Corporate Secretary for multiple publicly traded companies on the Canadian Securities Exchange and the TSX Venture Exchange. New Risk • Sep 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$361k 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$361k free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.15m market cap, or US$854.3k). Annuncio • Mar 01
West Oak Gold Corp. announced that it has received CAD 0.354 million in funding On February 29, 2024, West Oak Gold Corp. closed the transaction. The company issued 5,899,999 units at a price of CAD 0.06 per Unit for gross proceeds CAD 354,000. Each Unit is comprised of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of CAD 0.08 per Warrant Share for a period of 36 months from the date of issuance. In connection with the Private Placement, the Company issued 140,000 finder’s warrants and paid cash commission totaling CAD 8,400 to certain arm’s length finders. Each Finder’s
Warrant entitles the holder thereof, to purchase one additional Common Share at a price of CAD 0.06 for a period of three 36 months from the date of issuance. Board Change • Feb 28
No independent directors There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Adrian Smith is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annuncio • Feb 14
West Oak Gold Corp. announced a financing transaction West Oak Gold Corp. announced a private placement on February 13, 2024. New Risk • Jan 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.36m market cap, or US$1.02m). Board Change • Jan 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. 3 experienced directors. No highly experienced directors. Independent Director Kevin Dodds 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. Annuncio • Nov 29
West Oak Gold Corp. announced that it expects to receive CAD 0.3205 million in funding West Oak Gold Corp. announced a non-brokered private placement of up to 6,410,000 units of the company at a price of CAD 0.05 per unit for the gross proceeds of up to approximately CAD 320,500 on November 27, 2023. Each unit shall consist of one common share in the capital of the company and one common share purchase warrant. Each warrant shall be exercisable to acquire one additional common share in the capital of the company at an exercise price of CAD 0.05 for a term of three years from the date of issuance thereof. The company may engage one or more agents or finders in connection with the offering and may pay such parties fees as may be agreed between the company and such parties. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals and the submission of all required forms to the Canadian Securities Exchange. Annuncio • Nov 23
West Oak Gold Corp. Completes 2023 Work Program At Hedgehog West Oak Gold Corp. provided an update on 2023 exploration completed at the Hedgehog project located near Barkerville, B.C. The 2023 program was designed to expand on results from the 2022 program which had identified a strong arsenic soil anomaly with strong spot gold values on the southeastern portion of the property. The 2023 program consisted of prospecting and rock sampling over an area of one square kilometre encompassing the bulk of the arsenic soil anomaly. During prospecting a total of 37 rock samples were collected for analysis. No significant gold or base metal values were returned. Several rock samples with elevated barium +/- arsenic were present but the rock sample results do not explain the large arsenic soil anomaly, with further exploration required. Follow up was also carried out on four high gold in soil anomalies from the 2022 program. A 956 ppb soil sample is located on a roadcut at the south end of the arsenic anomaly. Angular float near this site included grey chert with abundant quartz veins which was sampled as part of the 2023 program but did not return any anomalous gold values. Three anomalous gold in soil samples occur at the south end of the grid south of the creek. The 748 ppb location was visited and the soil hole located. All of the material in the hole and nearby was rounded fine and coarse float. The two 68 ppb Au samples both occur near creek and gullies. It appears that these samples are situated in river gravels and are probably alluvial in origin. The Hedgehog Project, which is fully permitted, is located approximately 12 kilometres north of the community of Barkerville, BC. Exploration models at Hedgehog include lode gold similar to the Cariboo Gold Project owned by Osisko Development Corp., and massive sulfides similar to Chu Chua, BC. Osisko's Cariboo Gold Project is an advanced stage feasibility level gold project which recently received an Environmental Assessment Certificate from the provincial Environmental Assessment Office. Fieldwork was conducted by personnel from Mincord Exploration Consultants Ltd., under the direction of Bob Johnston, P. Geo. Field samples were delivered to MSA Labs in Prince George, BC., for analysis by multi element ICP (35 elements) and fire assay with AAS finish for gold. Board Change • Sep 18
High number of new directors Independent Director Kevin Dodds was the last director to join the board, commencing their role in 2020. Board Change • Aug 10
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. CEO & Director Paul John is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 29
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. CEO & Director Paul John is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 29
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. CEO & Director Paul John is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 15
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 15
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 05
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 17
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 28
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 06
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 16
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 20
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 08
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. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.