Board Change • May 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. 8 experienced directors. No highly experienced directors. Advisor to the Board Bryan Wilson was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annuncio • Jun 05
Angel Wing Metals Inc., Annual General Meeting, Aug 06, 2025 Angel Wing Metals Inc., Annual General Meeting, Aug 06, 2025. New Risk • May 07
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$1.8m 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$1.8m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.16m market cap, or US$1.56m). New Risk • Jan 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% 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 (23% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.48m market cap, or US$4.50m). Annuncio • Jan 22
Angel Wing Metals Inc. Commences Drilling At La Reyna Gold Project Angel Wing Metals Inc. reported the commencement of a phase 1 - 1,500 metre ("m") diamond drill program at the La Reyna Gold Project in Nayarit, Mexico. The first phase of the program will include 10 -12 holes aimed at confirming historical surface sampling grades, on strike continuity, orientation and depth of known mineralization, and artisanal mine workings. Highlights include: La Reyna represents a new greenfields gold project that has never been drill tested. 1,500 metre diamond drill program has commenced. Drilling will test 6 - 8 target areas with known surface gold mineralization and historic artisanal mining operations. Historic trench results from some of the targets include 5.03 g/t Au gold over 21.0 metres, 1.21 g/t Au over 12.7 metres and 0.92 g/t Au over 15.52 metres. Outcrop assay results collected by the Company also confirms the gold mineralization and include 27.12 g/t Au and 90.0 g/t Ag over a 0.45 metre channel, 6.58 g/t Au and 4.25 g/t Au over 1.0 metre panels, and a grab sample with 2.42 g/t Au and 399 g/t Ag. Drilling will initially be focused on the Dolorosa, Zorrillo, San Ramon, and El Polo targets. Overall, the Company is optimistic about the potential for new discoveries at La Reyna given it remains currently relatively underexplored yet boasts indications of a significant mineral system located within a prolific gold mining district. Angel Wing also announces that pursuant to Company's stock option plan, 1,700,000 stock options at an exercise price of CAD 0.10, were granted to directors of the Company. The stock options granted will vest in two equal installations over one year and are exercisable for a period of five (5) years from date of grant. The Company relied on sections 5.5 (a) and (b) and 5.7(a) and (b) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101 in respect of the grant of options to the directors of the Company as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the grant of the options to the director of the Company exceeded 25% of the Company's market capitalization. Annuncio • Dec 18
Angel Wing Metals Inc. announced that it has received CAD 2.034 million in funding On December 16, 2024, Angel Wing Metals Inc. closed the transaction. The company issued 40,680,000 Units at a price of CAD 0.05 per unit for gross proceeds up to CAD 2,034,000. Certain directors and an officer of the Company participated in and subscribed for 3,200,000 units for an aggregate price of CAD 160,000. The Company paid finder's fees to certain arm's-length third parties consisting of a cash commission of up to 7% of the gross proceeds of the Private Placement for an aggregate amount of CAD 40,005 and up to 7% in finder warrants at the same terms of warrants issued as part of the Private Placement for an aggregate of 800,100 finder warrants. Annuncio • Nov 20
Angel Wing Metals Inc. announced that it expects to receive CAD 1 million in funding Angel Wing Metals Inc. announced a a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds up to CAD 1,000,000 on November 19, 2024. Each Unit will consist of one common share and one-half Common Share Purchase warrant. Two Half Warrants comprise one Common Share purchase warrant of the Company. Each Full Warrant will be exercisable for a period of 24 months from the date of issue at a price of CAD 0.10 per Full Warrant Share. Closing is expected on or about December 23, 2024, or such other date as the Company may determine. The securities issued in the Unit Offering contain a statutory four month plus one day hold period. The Unit Offering is subject to TSX Venture Exchange and regulatory approvals. Annuncio • Oct 01
Angel Wing Metals Inc. Provides an Exploration Update for the Company's La Reyna Gold Project in Nayarit State, Mexico Angel Wing Metals Inc. provided an exploration update for the Company's La Reyna Gold Project in Nayarit State, Mexico. Exploration is currently focused on the El Polo-Dolorosa Target Area located central to the Project. Historic trench results from this area include 5.03 g/t Au gold over 21.0 metres, 1.21 g/t Au over 12.7 metres and 0.92 g/t Au over 15.52 metres. Outcrop assay results collected by the Company also confirms the gold mineralization and include 27.12 g/t Au and 90.0 g/t Ag over a 0.45 metre channel, 6.58 g/t Au and 4.25 g/t Au over 1.0 metre panels, and a grab sample with 2.42 g/t Au and 399 g/t Ag. Numerous gold showings and shallow mine workings in the area were historically worked for free gold. Principal prospects include the former El Polo open pit mine, and the Dolorosa, San Ramon, La Feña, and El Zorillo shallow workings. The Company intends on commencing a diamond drill program in Fourth Quarter of this year. A drill contractor has been engaged. El Polo-Dolorosa Mineralization The El Polo-Dolorosa Target Area is an exploration target located within an approximately 450-hectare area that is open in all directions, and host to numerous Prospects, including the El Polo and Dolorosa Prospects. The Target Area is underlain by altered and mineralized volcanic rocks located within a northeast trending dilation or jog created in a north-northwest shear zone and cross cut by northwest trending faults. The jog occurs in the area between the El Polo Prospect and the Laguna El Tule, which is a lake interpreted to follow a regional scale NNW trending fault. The jog is host to extensive alteration, quartz veining, brecciation, disseminated sulphide minerals with associated gold (+/- copper). Exploration activities are focused on the bulk tonnage size potential identified in an altered and brecciated volcanic rock unit that is consistently mineralized in gold before dipping below cover. The best assays from the El Polo-Dolorosa Target Area are from a 200 metre by 900 metre area where windows below shallow cover expose outcrops of mineralized breccia with stock work quartz veining hosted in volcanic tuff. This tuff, an important potential bulk tonnage host, that quickly plunges below cover in all directions but dips northwest below the El Polo Prospect. Outcrop chip samples throughout the area have returned consistently strong grades. At the Dolorosa Prospect, similar chip and panel samples average 2.43 across a 168 m wide x 300m area, and another 2.51 g/t Au across a 160 x 240m area. The Dolorosa Prospect is the same area where a historic trench returned 5.03 g/t Au over 21 metres. To the south, in the San Ramon Prospect, chip and panel samples from random outcrops average 2.84 g/t Au across a 90 x110 m area and 1.19 g/t Au across a 30 x 140 m area. These targets are included in the first phase of the proposed diamond drill program, along with the equally prospective El Polo, La Feña and El Zorillo Prospects. Over 900 outcrop chip samples have been collected to date in this area from a dominantly flat lying topography of open fields ("cover") broken by occasional mounds and hills where any outcrop exposure shows consistently anomalous gold mineralization from the El Polo Prospect to the Dolorosa Prospect and beyond. In general, 38% (from 346 widely spaced samples) are moderately to strongly anomalous, defined as being greater than 0.1 and 0.2 g/t Au respectively. The most strongly anomalous assays (88 out 214) ranged between 0.5 to 2.5 g/t Au. La Reyna is also host to the nearby Aguila de Oro and Celeste Target Areas which continue to be advanced to the drill ready stage. The Aguila de Oro Target Area hosts a northeast trend of epithermal veins, breccia and stockwork displaying extensive alteration and Au, Ag (Pb-Zn) mineralization. Two 500 metre and 750 metre-wide corridors were mapped over a ten (10) kilometre strike length. These are host to hydrothermal and tectonic breccia, stockwork veins and vein sets that vary from 0.15cm to +2.0 metres in width. The Celeste Target Area is an early-stage exploration target where alteration and mineralization has been mapped over a 1.8 kilometre by 800 metre area that remains open. These targets all exhibit bulk tonnage gold-silver potential. Drill Proposal The first drill phase of 2,500 metres will test five (5) widely spaced Prospects to confirm continuity and orientation of observed surface mineralization at depths ranging from near surface to 175 metres. This phase will also test beneath historical trenches to confirm reported assay results that include the 5.03 g/t Au over 21.0 metres and 0.92 g/t Au over 15.52 metres. Annuncio • Jun 05
Angel Wing Metals Completes Geophysics At La Reyna Project - Mexico Angel Wing Metals Inc. reported the results for two recently completed geophysical surveys over a 1.5 by 3.0 kilometre (km) portion of the Polo-Dolorosa drill target area at the Company's La Reyna Gold Project ("La Reyna" or the "Project") in Nayarit State, Mexico. Results from the initial Induced Polarization survey ("IP") and HSAMT survey have provided valuable information to improve the Company's understanding of this priority target area. Assay results of rock chip samples collected by the Company from the survey area returned from nil to best assays of 27.12 grams per tonne gold (g/t Au) with 90.0 grams per tonne silver (g/t Ag) over a 0.45 metre (m) channel chips sample, and a grab sample with 2.42 g/t Au and 399 g/t Ag. Historic trench results from this area include 5.03 g/t Au gold over 21.0 metres and 0.92 g/t Au over 15.52 metres. Multiple anomalies were identified by the IP survey for follow up drilling, the strongest of which underlies outcrop exposures of mineralized and altered rocks that host anomalous disseminated gold. IP has also identified or confirmed several new prospects for drilling that correlate well with noted mineralization along structural trends at surface including La Feña. El Zorillo, San Ramon, Dolorosa, El Polo, Celeste, and La Reyna . The HSAMT (Hybrid Controlled Source Audio Magneto-Telluric) survey has successfully refined the location and attitude of several important structural controls to mineralization that were observed at surface. In addition, it has identified several buried anomalies between a depth of 50 to 300 metres and has identified the location of a potential intrusion and feeder zone that may be of importance to the district scale mineralization . A two-phase diamond drill program is proposed for a total of approximately 5,000 metres to test the first five (5) widely spaced prospects that share mineralized geology, alteration and structures corroborated by coincident geophysical, soil and rock assay anomalies. The first drill phase of 2,500 metres will be to confirm continuity and orientation of observed surface mineralization at depths ranging from near surface to about 175 metres vertical depth. This first phase will also test beneath historical trenches to confirm their reported assay results that include the 5.03 g/t Au over 21.0 metres and 0.92 g/t Au over 15.52 metres. Positive results from the first phase of drilling will trigger moving to the second phase, currently anticipated to consist of a series of step out holes from positive phase 1 drill results and will add other prospects already advanced for drilling. This program does mark the first ever drill program for the underexplored Distrito Minero Aguila de Oro (Gold Eagle Mining district.). All drill results will be used towards planning additional geophysics and drilling. The first phase drill program is expected to commence in Third Quarter 2024 with the anticipated 2,500 meters in 12 to 14 drill holes focused on the first five (5) prospects. All necessary permits for drilling have been received from SEMARNAT, providing ample sites to complete all exploration plans for several years. The Polo-Dolorosa area is the first of three large high priority targets within the La Reyna Project to be tested by drilling. The nearby Aguila de Oro and Celeste targets continue to be advanced to the drill ready stage. Polo-Dolorosa was prioritized for the initial drilling because of the extensive mineralized structural controls observed across a 2.3-kilometre strike length (open) that displays extensive alteration and anomalous multistage gold mineralization and interpreted to be located within a dilational jog. Gold and visible gold is hosted in veins, hydrothermal breccia, and an altered quartz eye rhyolite crystal tuff with disseminated gold mineralization. Magnetic diorite is observed to intrude the host rocks. The surface geology displays extensive regional iron oxide, clay and silica alteration, along with local sericite, muscovite, siderite and chlorite alteration. A soil grid survey completed in 2023 in this area has further defined an extensive northwest trend of anomalous gold and copper. Annuncio • May 22
Angel Wing Metals Inc., Annual General Meeting, Jul 15, 2024 Angel Wing Metals Inc., Annual General Meeting, Jul 15, 2024. Annuncio • Jan 23
Angel Wing Metals Inc. Provides Exploration Update and Files Ni 43-101 Geological Report At La Reyna Project Angel Wing Metals Inc. provided an exploration update at its La Reyna gold project located in the southern extension of the Sierra Madre Occidental Belt (SMO) in Nayarit State, Mexico. The Company will file a National Instrument 43-101 report titled "Technical Report, The La Reyna Project" under the Company's SEDAR profile and on its website. The 106.69 square kilometre (km2) La Reyna Project is a contiguous block of fully titled mineral claims in good standing that consolidates most of the historical Aguila de Oro mining district. Assay results returned from nil to 27.12 grams per tonne gold (g/t Au) and nil to 2,938 g/t silver (Ag) from outcrop chip samples. Other anomalous results were also obtained for lead and zinc, as well as for copper, cobalt, bismuth, and molybdenum. A ground geophysics program including 11.2 line kilometres of Induced Polarization and 2 line kilometres of HSMAT is underway over El Polo-Dolorosa. Data is being processed with a report including the sections and maps due in early February. This information will be used to further refine drill hole selection in anticipation of an early stage 4,000 metre shallow hole diamond drill program. During the 2023 exploration program, regional scale mapping and prospecting covered the Project while areas with vein exposure and gold showings were mapped and sampled in detail. Approximately 2,000 rock chip samples were collected from outcrop exposures since exploration began. Assay results ranged from not anomalous to a maximum of 27.12 g/t Au, of these: 352 samples returned assays exceeding 0.25 g/t Au, 220 assays greater than 0.5 g/t Au, 130 assays greater than 1.0 g/t Au, 67 assays greater than 2.5 g/t Au and 22 assays greater than 5 g/t Au. In addition, silver (Ag) assay results ranged from not anomalous To a maximum of 2,938 g/T Ag, of these: 195 samples assayed greater than 10 g/t Ag, 90 samples assaying greater than 30 g/t Ag, 28 assays greater that 90 g/t Ag. Results Three areas have been identified as the first priority targets to commence drilling: 1.guila de Oro Veins and breccia occur in northeast trending corridors with individual corridors mapped over approximately 500 to 750 metre widths, and open for extension in all directions within a larger 7 by 10 kilometre corridor. About 1,025 rock samples have been collected along this trend, which is still at an early stage of exploration. Assay results range from nil to 15.2 g/t Au but consistently return 2 - 15 g/t Au in the old workings. Of these samples: Approximately 210 assays were greater than 0.25 g/t Ag, 134 assays greater than 0. 5 g/t Au, 75 samples greater than 1.0 g-t Au, 40 assays greater than 2.0 g/t Au. Additional structures are observed in the highwall of the small pit. These could not be systematically sampled due to access issues, but drill holes will be designed to crosscut them. The El Polo fault crosscuts a northwest structural trend of mineralized veins, breccia's and disseminated mineralization. Assay results range from zero.12 g/t Au. Assay results range from 0.25 g/t gold, with: 110 samples returning greater than 0.25 g-t Au, 62 samples greater than 0.5 g-t Au, 21 samples greater than 2.5 g-t Au. The Company's first drill campaign will begin in this high priority area. Assay results range from Nil to 2.5 g/t gold. Assay results range from 50 samples returning greater than 2. New Risk • Aug 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$5.1m 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 (-CA$5.1m free cash flow). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Market cap is less than US$100m (CA$14.8m market cap, or US$10.9m). New Risk • Aug 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.94m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). New Risk • Aug 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.8m market cap, or US$9.50m). Minor Risk Shareholders have been diluted in the past year (41% increase in shares outstanding). Annuncio • May 05
Angel Wing Metals Inc. announced that it has received CAD 2.6 million in funding On May 3, 2023, Angel Wing Metals Inc. closed the transaction. Reported Earnings • Dec 01
Third quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.016 loss in 3Q 2021) Third quarter 2022 results: CA$0.001 loss per share (improved from CA$0.016 loss in 3Q 2021). Net loss: CA$116.1k (loss narrowed 92% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Frank Busch is the most experienced director on the board, commencing their role in 2021. 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 • Oct 04
Angel Wing Metals Inc. Announces Appointment of Mr. Remantra Sheopaul as Chief Financial Officer Angel Wing Metals Inc. announced the appointment of Mr. Remantra Sheopaul as Chief Financial Officer of the Company, replacing the current interim CFO Mr. Sameer Uplenchwar, effective immediately. The Company thanks Mr. Uplenchwar for his tenure as Chief Financial Officer through January 2021 and for continuing in a consulting capacity, on accounting and financial matters, through November 2022. Mr. Sheopaul presently works with Marrelli Support Services which provides chief financial officer, accounting, regulatory, compliance and management advisory services to numerous issuers on the TSX, TSX Venture Exchange and other Canadian and U.S. exchanges. Mr. Sheopaul has a focus on building strong relationships with clients to understand and anticipate their needs. In his role with Marrelli Support Services, Mr. Sheopaul has been regularly involved in initial public offerings, analysis of complex accounting transactions, and assisting non-public and public clients regarding IFRS disclosure and compliance matters. Prior to his tenure with Marrelli Support Services, he was employed with a public accounting firm based in Toronto for the past several years, three of which were spent managing audits for medium sized TSX Venture clients ranging from junior mining companies to real estate investments trusts based in Canada and the United States. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.009 loss per share (vs CA$0.003 loss in 2Q 2021) Second quarter 2022 results: CA$0.009 loss per share (down from CA$0.003 loss in 2Q 2021). Net loss: CA$825.9k (loss widened 215% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Annuncio • Aug 30
Angel Wing Metals Inc. Announces Executive Changes Angel Wing Metals Inc. announced the appointment of Ms. Alexandria Marcotte, P.Geo to its Board of Directors (the "Board") effective immediately. Ms. Marcotte, P.Geo., is currently the Vice President, Project Coordination for Osisko Mining Inc. having started at Osisko as a Senior Geologist in March 2017. Prior to joining Osisko, Ms. Marcotte held increasingly senior roles in junior exploration companies internationally and across Canada. She started her career working underground at the Kidd Creek mine. Ms. Marcotte received an Honours Bachelor of Science degree from the University of Toronto and an MBA from the Schulich School of Business at York University. Ms. Marcotte is a member of the Professional Geoscientists of Ontario and the Prospectors & Developers Association of Canada's Sustainability Committee. She is a director of the Canadian Museum of Nature Foundation and NewOrigin Gold Corp. The Company also announced that Mr. Joseph Mullin is stepping down from the board effective immediately but will continue on as an advisor to management and the Board. Mr. Mullin was a founding member of the Board and with his depth of capital markets and corporate finance experience, played an instrumental role in helping put the Company together. Annuncio • Jun 01
Angel Wing Metals Inc., Annual General Meeting, Jul 28, 2022 Angel Wing Metals Inc., Annual General Meeting, Jul 28, 2022. Agenda: Annual General & Special Meeting. Reported Earnings • May 29
First quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.006 loss in 1Q 2021) First quarter 2022 results: CA$0.004 loss per share. Net loss: CA$363.3k (loss widened 40% from 1Q 2021). Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Frank Busch is the most experienced director on the board, commencing their role in 2021. 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 31
Huntington Exploration Inc. (TSXV:HEI) completed the acquisition of Lago De Oro SA de CV from Lago de Oro LLP. Huntington Exploration Inc. (TSXV:HEI) signed binding letter of intent to acquire Lago De Oro SA de CV from Lago de Oro LLP for $1.1 million on October 5, 2021. As of February 23, 2022. Huntington Exploration Inc. (TSXV:HEI) entered into a definitive agreement to acquire Lago de Oro SA de CV Under the binding LOI, Huntington Exploration Inc. shall pay $0.5 million cash along with issuance of 4 million shares at a deemed price of $0.20 per share. Huntington Exploration Inc. shall also pay Net Smelter Return capped at 2% and milestone bonus payments of 2 shares per ounce of gold equivalent precious metal that is added to a geologically modeled resource from one or more deposits within El Grande. Transaction is subject to TSX Venture Exchange approval and the completion of due diligence. Bruce A Pate has been appointed as a Strategic Advisor to the Board of Huntington Exploration Inc. Closing is subject to provision of additional information to be provided within 30 days.
Huntington Exploration Inc. (TSXV:HEI) completed the acquisition of Lago De Oro SA de CV from Lago de Oro LLP on March 30, 2022. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.028 loss per share (down from CA$0.008 loss in FY 2020). Net loss: CA$1.93m (loss widened CA$1.75m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 03
Huntington Exploration Inc. Commences Phase 1 Drill Program on the Winora Gold Project in Northern Ontario Huntington Exploration Inc. announced it has commenced drilling on its 100% owned Winora Gold Project (Winora) located north of Red Lake, Ontario, immediately east of the historic Lingman Lake Gold Mine. Huntington's 1,800 metre (m) drill program will start with a fence of drill holes along the western claim boundary adjacent to the Lingman Lake gold bearing vein trend, currently held by Signature Resources Ltd. (Signature). Surface mapping and prospecting at Winora has identified multiple 1930 to 1940 vintage hand dug trenches following quartz veining extending from the Lingman Lake claim boundary well into the Winora property to the east. Drilling is targeting the extension of the high-grade gold bearing quartz veins in both the hanging-wall and footwall of a series of east-west trending feldspar porphyry dykes discovered on the Signature side of the claim boundary. Public information released by Signature suggests that the individual gold zones and the quartz feldspar porphyry intrusions composing the Lingman Lake gold mineralization package, which has been drill tested to 280 m in depth by Signature, may represent a minimum width of 150 m. Mineralization, which is open in all directions, is interpreted by the Company to extend from the Signature property onto Huntington's Winora Property. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.016 loss per share (down from CA$0.001 loss in 3Q 2020). Net loss: CA$1.39m (loss widened CA$1.36m from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Board Change • Sep 15
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 Frank Busch is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 25
Second quarter 2021 earnings released: CA$0.026 loss per share (vs CA$0.001 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$1.36m (loss widened CA$1.33m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 17
Huntington Exploration Inc. announced that it has received CAD 6 million in funding On June 16, 2021, Huntington Exploration Inc. (TSXV:HEI) closed the transaction. Reported Earnings • May 23
First quarter 2021 earnings released First quarter 2021 results: Net loss: CA$258.7k (loss widened CA$223.8k from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Annuncio • May 22
Huntington Exploration Inc. announced that it expects to receive CAD 5 million in funding Huntington Exploration Inc. (TSXV:HEI) announced a private placement on best effort basis of HD unit at CAD 0.28 per unit, flow-through units at a price of CAD for gross proceeds of CAD 2,500,000; an aggregate total gross proceeds of CAD 5,000,000 on May 21, 2021. Each flow-through unit consists of one common share and one transferable common share purchase warrant. Each HD unit consists of one common share and one half warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.40 per share for a period of two years from closing of the transaction. The transaction is expected to close on or about June 10, 2021. The closing of the transaction is subject to regulatory approval, including approval of the TSX Venture Exchange. All securities to be issued will have a hold period of four months from closing. Annuncio • May 05
Huntington Exploration Inc. (TSXV:HEI) entered into a letter of intent agreement in principle to acquire Winora Property - Lingman Lake Mine Extension Target in Northern Ontario. Huntington Exploration Inc. (TSXV:HEI) entered into a letter of intent agreement in principle to acquire Winora Property - Lingman Lake Mine Extension Target in Northern Ontario on May 4, 2021. Huntington will issue 4 million shares and a 2% NSR to the vendor for 100% ownership of the property subject to the approval of the TSX-Venture Exchange. The transaction is subject to multiple conditions, including approval of the TSX Venture Exchange, preparation of a definitive agreement and closing conditions customary for transactions of this nature. Reported Earnings • Feb 24
Full year 2020 earnings released Full year 2020 results: Net loss: CA$176.9k (loss narrowed 3.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 19
New 90-day high: CA$0.33 The company is up 171% from its price of CA$0.12 on 20 November 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: CA$0.31 The company is up 377% from its price of CA$0.065 on 23 October 2020. The Canadian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 28% over the same period. Annuncio • Jan 20
Huntington Exploration Inc. (TSXV:HEI) agreed to acquire certain mineral claims in Ontario for CAD 0.04 million. Huntington Exploration Inc. (TSXV:HEI) agreed to acquire certain mineral claims in Ontario for CAD 0.04 million on December 1, 2020. The consideration CAD 0.02 million to be paid within ten business days of the effective date and 0.1 million shares to be issued within ten business days of the date of acceptance of this agreement by the exchange. Annuncio • Dec 13
Huntington Exploration Inc., Annual General Meeting, Feb 18, 2021 Huntington Exploration Inc., Annual General Meeting, Feb 18, 2021.