Board Change • Jun 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. 1 highly experienced director. Independent Director Beau White was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 17
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$1.3m 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$1.3m free cash flow). Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.7m market cap, or US$8.53m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Mar 12
Full year 2025 earnings released: CA$0.011 loss per share (vs CA$0.012 loss in FY 2024) Full year 2025 results: CA$0.011 loss per share (improved from CA$0.012 loss in FY 2024). Net loss: CA$542.9k (loss narrowed 12% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 24% per year. New Risk • Dec 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Negative equity (-CA$209k). Earnings have declined by 7.1% per year over the past 5 years. Revenue is less than US$1m (CA$23k revenue, or US$16k). Market cap is less than US$10m (CA$13.2m market cap, or US$9.61m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Annuncio • Dec 18
Morien Resources Corp. announced that it has received CAD 1.6 million in funding On December 17, 2025, the Morien Resources Corp. closed the transaction. The LIFE Offering was well supported by existing shareholders, management, directors, and new investors. Insiders of the Company subscribed for an aggregate of 650,753 Common Shares. The Company paid fees to certain intermediaries in connection with the LIFE Offering of CAD 12,240. New Risk • Nov 19
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$722k 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$722k free cash flow). Negative equity (-CA$209k). Earnings have declined by 7.1% per year over the past 5 years. Revenue is less than US$1m (CA$23k revenue, or US$16k). Market cap is less than US$10m (CA$13.8m market cap, or US$9.91m). Annuncio • Oct 28
Morien Resources Corp. Announces Advancement of the Lazy Head Aggregate Project in Nova Scotia Morien Resources Corp. announced the identification and advancement of the Lazy Head Aggregate Project in the Municipality District of Guysborough (the "MODG"), Nova Scotia - the first project to emerge from Morien's strategic partnership with Carver Companies, LLC ("Carver"), a private U.S. based producer and distributor of construction aggregates. Lazy Head contemplates the development of a high-quality aggregate quarry and associated marine terminal along Chedabucto Bay in the MODG, designed to serve the U.S. east coast aggregate market. The Project marks a significant milestone in the Carver-Morien strategic partnership, initiated in 2024 to identify, permit, and develop long-life, export-oriented aggregate opportunities in Atlantic Canada, leveraging on Morien's regional expertise and longstanding relationships in the region. The Project is expected to create approximately 75 high-paying local jobs and support long-term, sustainable operations over multiple generations, while contributing sustained economic benefits to the surrounding communities. Morien and Carver are establishing a suite of community benefit-sharing frameworks to ensure that the economic and social value of the Project is shared broadly across the immediate MODG region. Permitting efforts are being led by GHD Group, focused on securing the required approvals for the Project, with Rightsholders and community engagement supported by Strum Consulting. Current field programs include environmental baseline studies, marine and terrestrial surveys, and ongoing engagement with Rightsholders, Fisheries groups, local businesses, and all levels of government. Recent outreach has included a well-attended community open house and direct, door-to-door meetings with nearby residents. As additional studies are completed to support Lazy Head's resource potential, environmental stewardship, and socio-economic contribution, results will be released publicly. Notably, Carver has committed to adapting advanced noise and dust control systems at Lazy Head, incorporating warehouse-style enclosures and acoustic treatment technology to minimize dust, noise, and light emissions from operations. Under the terms of the partnership agreement, Morien will receive a milestone payment upon successful permitting of the Project, and an industry-competitive production royalty on future aggregate sales. All of Morien's time and expenses associated with advancing Lazy Head are being reimbursed by Carver, consistent with Morien's capital-efficient, partner-driven business model focused on building a diversified royalty portfolio. New Risk • Aug 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.34m) 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 Negative equity (-CA$87k). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (CA$46k revenue, or US$33k). Market cap is less than US$10m (CA$12.8m market cap, or US$9.34m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Aug 13
Second quarter 2025 earnings released: CA$0.004 loss per share (vs CA$0.003 loss in 2Q 2024) Second quarter 2025 results: CA$0.004 loss per share (further deteriorated from CA$0.003 loss in 2Q 2024). Net loss: CA$202.4k (loss widened 23% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Jun 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.52m) 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 Less than 1 year of cash runway based on free cash flow trend (-CA$453k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (CA$88k revenue, or US$64k). Market cap is less than US$10m (CA$13.1m market cap, or US$9.52m). Reported Earnings • May 16
First quarter 2025 earnings released: CA$0.004 loss per share (vs CA$0.005 loss in 1Q 2024) First quarter 2025 results: CA$0.004 loss per share (improved from CA$0.005 loss in 1Q 2024). Revenue: CA$22.7k (up 31% from 1Q 2024). Net loss: CA$203.4k (loss narrowed 16% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Feb 26
Full year 2024 earnings released: CA$0.012 loss per share (vs CA$0.006 loss in FY 2023) Full year 2024 results: CA$0.012 loss per share (further deteriorated from CA$0.006 loss in FY 2023). Net loss: CA$613.2k (loss widened 99% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Feb 13
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 15% 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 47% per year over the past 5 years. Revenue is less than US$1m (CA$112k revenue, or US$78k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$14.4m market cap, or US$10.1m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 3Q 2023) Third quarter 2024 results: CA$0.003 loss per share (in line with 3Q 2023). Revenue: CA$22.9k (down 77% from 3Q 2023). Net loss: CA$151.3k (loss widened 6.1% from 3Q 2023). 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 11% per year, which means it is well ahead of earnings. New Risk • Oct 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.78m) 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (CA$190k revenue, or US$136k). Market cap is less than US$10m (CA$13.6m market cap, or US$9.78m). New Risk • Sep 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.83m) 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 46% per year over the past 5 years. Revenue is less than US$1m (CA$190k revenue, or US$140k). Market cap is less than US$10m (CA$13.3m market cap, or US$9.83m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). New Risk • Sep 10
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 18% 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 (18% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (CA$190k revenue, or US$139k). Minor Risk Market cap is less than US$100m (CA$13.8m market cap, or US$10.2m). Reported Earnings • Aug 14
Second quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 2Q 2023) Second quarter 2024 results: CA$0.003 loss per share (further deteriorated from CA$0.002 loss in 2Q 2023). Revenue: CA$42.2k (down 89% from 2Q 2023). Net loss: CA$164.4k (loss widened 37% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Aug 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.62m) 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 35% per year over the past 5 years. Revenue is less than US$1m (CA$515k revenue, or US$372k). Market cap is less than US$10m (CA$13.3m market cap, or US$9.62m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Buy Or Sell Opportunity • Jul 02
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to CA$0.35. The fair value is estimated to be CA$0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last 3 years. Earnings per share has grown by 19%. Buy Or Sell Opportunity • Jun 20
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CA$0.33. The fair value is estimated to be CA$0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 90% over the last 3 years. Earnings per share has grown by 19%. Reported Earnings • May 29
First quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.005 profit in 1Q 2023) First quarter 2024 results: CA$0.005 loss per share (down from CA$0.005 profit in 1Q 2023). Revenue: CA$17.3k (down 96% from 1Q 2023). Net loss: CA$243.1k (down 191% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Annuncio • Mar 16
Morien Resources Corp., Annual General Meeting, May 15, 2024 Morien Resources Corp., Annual General Meeting, May 15, 2024. Annuncio • Mar 14
Morien Resources Corp. Provides an Update on the Donkin Coal Mine in Nova Scotia Morien Resources Corp. provided an update on the Donkin Coal Mine in Nova Scotia, owned and operated by Kameron Collieries, upon which Morien has a 2% to 4% royalty interest. The Nova Scotia Department of Labour, Skills and Immigration ("LSI"), a provincial regulator for the Donkin Mine ("Donkin" or the "Mine"), concluded its review of an independent engineer's report on tunneling and ground control plans at Donkin. As stated by LSI - "After a thorough internal review and consulting with third-party experts to ensure recommendations have been satisfied, the Department has lifted the existing Compliance Order. The company can now reopen for year-round operation if it chooses to do so". New Risk • Nov 14
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 14% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (CA$1.0m revenue, or US$726k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$18.5m market cap, or US$13.4m). Annuncio • Sep 28
Morien Resources Corp. Provides Donkin Mine Update Morien Resources Corp. provided an update on the Donkin Coal Mine in Nova Scotia, owned and operated by Kameron Collieries LLC ("Kameron"), upon which Morien has a 2% to 4% royalty interest. On September 27, 2023, the Nova Scotia Department of Labour, Skills and Immigration ("DOL"), the province's regulatory for the Mine, announced that an independent engineer has been contracted by DOL, via a 30-day contract, to complete a technical review of the Donkin Mine. This review is actively underway. Morien welcomes this effort by DOL to bring resolution to a 75-day Stop Work Order at Donkin for a roof fall incident that occurred on July 15, 2023, that was subsequently ameliorated by Kameron on July 27 and where no workers were injured, nor any equipment damaged. As detailed in prior Morien news releases, a roof fall occurred in one of Donkin's two access tunnels. The access tunnels were installed at Donkin in the late 1980's by DEVCO, a former federal Crown corporation. In keeping with Kameron's safety protocols, it made a proactive decision to implement a comprehensive remediation program which included extensive roof bolting over the full length of the 3.5-kilometre-long access tunnel in order to safeguard against future falls. That program commenced on July 19 and ended on July 27. Morien will provide more information as it becomes available. Annuncio • Aug 23
Morien Resources Corp. Announces Quarterly Dividend, Payable on September 28, 2023 Morien Resources Corp. announced that its Board of Directors (the "Board") has declared a dividend of $0.0025 per common share for the third quarter of 2023. The dividend will be paid on September 28, 2023, to shareholders of record at the close of business on September 12, 2023. Annuncio • Aug 17
Morien Resources Corp. Provides Status Update on the Donkin Mine Morien Resources Corp. provided an update on the Donkin Coal Mine in Nova Scotia, owned and operated by Kameron Collieries LLC, upon which Morien has a 2% to 4% royalty interest. On August 15, 2023, Kameron made the decision to lay off a portion of its employees at the Mine for an determine period of time pending the release of the SWO by the Nova Scotia Department of Labour, Skills and Migration ("DOL"), the province's regulator for the Mine. SWO's are meant to be temporary in duration. However, the current SWO has been in place since July 15, 2023. DOL has given no indication of when it will be released, which prompted today's layoff decision. In keeping with Kameron's safety protocols, it made a proactive, internal decision to implement a comprehensive remediation program which included extensive roof bolting over the full length of the 3.5-kilometre-long access tunnel in order to safeguard against future falls. That program commenced on July 19 and ended on July 27. While roof falls are not uncommon in underground mines, and while no Kameron workers were injured, nor any equipment damaged during the fall, the current SWO nonetheless remains in place, approximately one-month after the July 15, 2023, fall was reported and over two-we weeks after the tunnel was refurbished and bolted. Morien will continue to provide additional information as it becomes available. Annuncio • Aug 12
Morien Resources Corp. Provides Update on the Donkin Mine Morien Resources Corp. provided an update on the Donkin Coal Mine in Nova Scotia. On July 15, 2023, the Nova Scotia Department of Labour, Skills and Immigration ("DOL"), the province's regulator for the Mine, issued a Stop Work Order ("SWO") at Donkin in response to a roof fall. The fall occurred in one of Donkin's two access tunnels. The access tunnels were installed at Donkin in the late 1980's by DEVCO, a former federal Crown corporation. In keeping with Kameron's safety protocols, it made a proactive decision to implement a comprehensive remediation program which included extensive roof bolting over the full length of the 3.5-kilometre-long access tunnel in order to safeguard against future falls. That program commenced on July 19 and ended on July 27. While roof falls are not uncommon in underground mines, and while no Kameron workers were injured, nor any equipment damaged during the fall, the SWO nonetheless remains in place, approximately one-month after the fall was reported and over two-weeks after the tunnel was refurbished and bolted. SWO's are meant to be temporary in duration. However, the duration of the current SWO has prompted Morien to issue news release. The timing for the release of the SWO is unknown as it depends on DOL's ability to timely assess the situation and suggest what corrective measures, if any, are required going forward. Morien will provide more information as it becomes available. Recent Insider Transactions • Jul 07
Independent Director recently bought CA$99k worth of stock On the 29th of June, Mary Ritchie bought around 165k shares on-market at roughly CA$0.60 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$614k more in shares than they have sold in the last 12 months. Annuncio • May 27
Morien Resources Corp. Appoints Beau White to the Board of Directors Morien Resources Corp. announced the appointment of Ms. Beau White to the Company’s Board of Directors. Morien also granted stock options to directors and officers of the Company pursuant to its incentive stock option plan. Beau White brings significant experience in finance and accounting in both the public and private company sectors. Ms. White currently serves as the Director of Treasury and Finance at Sandstorm Gold Royalties, a multi-billion dollar company with a portfolio of hundreds of stream and royalty assets. Previously, Ms. White was an Audit and Assurance Manager for PwC Canada, specialising in the Financial Services industry. Beau is a Chartered Professional Accountant (CPA, CA) and a Chartered Financial Analyst (CFA) Charterholder. She holds a Bachelor of Commerce degree in Management and a Bachelor of Science degree in Economics from the University of Victoria, British Columbia. Annuncio • May 19
Morien Resources Corp. Declares Dividend for the Second Quarter of 2023, Payable on June 28, 2023 Morien Resources Corp. announced that its board of directors has declared a dividend of $0.0025 per common share for the second quarter of 2023. The dividend will be paid on June 28, 2023, to shareholders of record at the close of business on June 14, 2023. Reported Earnings • May 19
First quarter 2023 earnings released: EPS: CA$5.26 (vs CA$0.003 loss in 1Q 2022) First quarter 2023 results: EPS: CA$5.26 (up from CA$0.003 loss in 1Q 2022). Revenue: CA$464.5k (up CA$461.7k from 1Q 2022). Net income: CA$266.3k (up CA$413.1k from 1Q 2022). Profit margin: 57% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: CA$0.011 loss per share (vs CA$0.007 loss in FY 2021) Full year 2022 results: CA$0.011 loss per share (further deteriorated from CA$0.007 loss in FY 2021). Revenue: CA$173.2k (up 185% from FY 2021). Net loss: CA$545.1k (loss widened 49% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Annuncio • Dec 06
Morien Resources Corp. Announces Industrial Approval Renewed for Donkin Mine Morien Resources Corp. announced that the Nova Scotia Department of Environment and Climate Change has approved a request from Kameron Collieries ULC, owner and operator of the Donkin Mine, to renew its industrial approval for the Mine. The seven-year Approval takes effect on December 5, 2022, and expires December 31, 2029. Morien owns a gross production royalty for the Mine of 2% on the revenue from the first 500,000 tonnes of coal sales per calendar quarter, net of certain coal handling and transportation costs, and 4% on the revenue from any coal sales from quarterly tonnage above 500,000 tonnes, net of certain coal handling and transportation costs. The royalty is payable to Morien on a quarterly basis. Annuncio • Sep 14
Morien Resources Corp. Announces Restart of Operations at the Donkin Mine Morien Resources Corp. reported that Kameron Collieries ULC (Kameron), owner and operator of the Donkin Coal Mine (Donkin or the Mine) in CapeBreton, Nova Scotia, has received regulatory approval to reopen the Mine from the Nova Scotia provincial government. Production has resumed. Reported Earnings • Aug 19
Second quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.004 loss in 2Q 2021) Second quarter 2022 results: CA$0.003 loss per share (up from CA$0.004 loss in 2Q 2021). Net loss: CA$145.4k (loss narrowed 22% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Annuncio • Jul 20
Morien Resources Corp Provides Update on the Donkin Mine Morien Resources Corp. provided an update on the Donkin Coal Mine in Cape Breton, Nova Scotia, owned and operated by Kameron Collieries ULC, upon which Morien has a royalty interest. As evidence of Kameron’s increased activity at the Mine, Kameron has recently posted online job positions for at least 10 underground miners and a red seal underground electrician to commence full-time positions on August 1, 2022, as well as an engineer in training. To restart production, certain regulatory approvals are required from the Nova Scotia provincial government. Morien owns a gross production royalty for the Mine of 2% on the revenue from the first 500,000 tonnes of coal sales per calendar quarter, net of certain coal handling and transportation costs, and 4% on the revenue from any coal sales from quarterly tonnage above 500,000 tonnes, net of certain coal handling and transportation costs. The royalty is payable to Morien on a quarterly basis. Annuncio • Jun 18
Morien Resources Corp. Provides Update on the Donkin Mine Morien Resources Corp. draw investor's attention to a recent news article regarding the Donkin Coal Mine ("Donkin" or the "Mine") in Cape Breton, Nova Scotia, owned and operated by Kameron Collieries ULC ("Kameron"), upon which Morien has a royalty interest. The Donkin Mine has been on care and maintenance since March 2020. To restart production, certain regulatory approvals are required from the Nova Scotia provincial government. Kameron has not notified Morien of its intent to restart production, nor has it disclosed a development strategy or timeline for the Mine. Reported Earnings • May 18
First quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 1Q 2021) First quarter 2022 results: CA$0.003 loss per share (down from CA$0.002 loss in 1Q 2021). Net loss: CA$146.7k (loss widened 45% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annuncio • Mar 23
Morien Resources Corp., Annual General Meeting, May 17, 2022 Morien Resources Corp., Annual General Meeting, May 17, 2022. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.007 loss per share (up from CA$0.011 loss in FY 2020). Net loss: CA$364.9k (loss narrowed 35% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 21
First quarter 2021 earnings released: CA$1.99 loss per share (vs CA$0.002 profit in 1Q 2020) First quarter 2021 results: Net loss: CA$101.4k (down 200% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Annuncio • Mar 20
Morien Resources Corp., Annual General Meeting, May 19, 2021 Morien Resources Corp., Annual General Meeting, May 19, 2021. Reported Earnings • Feb 25
Full year 2020 earnings released: CA$0.011 loss per share (vs CA$0.017 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$249.2k (down 69% from FY 2019). Net loss: CA$560.8k (down 163% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 10
New 90-day high: CA$0.22 The company is up 38% from its price of CA$0.16 on 11 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: CA$0.21 The company is up 34% from its price of CA$0.16 on 21 August 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 9.0% over the same period.