Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$3.73, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 16x in the Metals and Mining industry in Canada. Total returns to shareholders of 578% over the past three years. New Risk • May 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 82% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (82% accrual ratio). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Annuncio • May 01
Trident Resources Corp Reports Assay Results For Diamond Drill Holes At Contact Lake Gold Project Trident Resources Corp. announced assay results for 5 (five) diamond drill holes from the 2026 winter drill program at the Contact Lake Gold Project in northern Saskatchewan. Hole CL26036 represents the best drill result to date by Trident and returned high-grade gold values from a broad zone of variably sheared host rocks within and adjacent to the Bakos Shear Zone. All five holes were collared on the ice of Contact Lake to target gold mineralization in the BK3 Zone, an area located over 200m ENE along strike from the Contact Lake Main Zone. These latest results demonstrate the mineralizing system at Contact Lake consistently delivers broad mineralized intervals with well-developed high-grade cores. Gold mineralization at Contact Lake is both laterally and vertically extensive and remains open in all directions. Hole CL26036 returned 15.11 g/t gold (Au) over 51.83m from 256.00m, including 14.60 g/t Au over 12.77m from 258.64m in the hanging wall, including 20.69 g/t Au over 28.69m from 280.50m in the Bakos shear, including two single assay results that returned 256.00 g/t Au over 0.55m (from 258.64m) and 1055.00 g/t Au over 0.50m (from 307.33m). Hole CL26032 returned 5.07 g/t Au over 21.50m from 359.50m. All holes reported intersected gold mineralization; assays are pending for fifteen more holes from the Contact Lake program. Winter drilling activity has now concluded with 29 holes complete; additional upcoming drilling planned to start in late Spring. New Risk • Apr 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$120k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (38% accrual ratio). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (CA$120k sold). Market cap is less than US$100m (CA$110.1m market cap, or US$80.6m). Annuncio • Apr 22
Trident Resources Corp. (TSXV:ROCK) completed the acquisition of 7 individual mineral dispositions in Northern Saskatchewan, Canada from Eagle Plains Resources Ltd. (TSXV:EPL). Trident Resources Corp. (TSXV:ROCK) signed a mineral property purchase and sale agreement to acquire 7 individual mineral dispositions in Northern Saskatchewan, Canada from Eagle Plains Resources Ltd. (TSXV:EPL) for CAD 5000 on February 26, 2026. A cash consideration of CAD 5000 will be paid by Trident Resources Corp.
The transaction is subject to approval by the TSX Venture Exchange Inc. As of April 21, 2026, the transaction has been approved by the TSX Venture Exchange Inc.
Trident Resources Corp. (TSXV:ROCK) completed the acquisition of 7 individual mineral dispositions in Northern Saskatchewan, Canada from Eagle Plains Resources Ltd. (TSXV:EPL) on April 21, 2026 Annuncio • Apr 16
Trident Resources Corp. Announces Assay Results for the First 9 Diamond Drill Holes from the Ongoing 2026 Winter Drill Program At the Contact Lake Gold Project in Northern Saskatchewan Trident Resources Corp. announced assay results for the first 9 (nine) diamond drill holes from the ongoing 2026 winter drill program at the Contact Lake Gold Project in northern Saskatchewan. Hole CL26028 returned high-grade gold values from numerous broad zones within the Bakos Shear zone. This mineralization was discovered over 200m ENE from high-grade gold reported in hole CL25003 from Trident’s 2025 fall drill program (previously reported CL 25003 intersected 7.03 g/t over 43.25m from 121.00m; Trident Resources Corp. - News). The Company has decided to increase this winter phase of drilling from 10,000m to 13,000m. The consistency of broad mineralized intervals, together with well-developed high-grade cores, demonstrates Contact Lake is hosting a laterally and vertically extensive gold system rather than a collection of isolated intercepts. The emerging scale and continuity of mineralization confirm the presence of a robust, cohesive gold system that remains open in all directions. The first seven holes of the 2026 winter program were drilled from land-based locations along the low-density drill corridor located immediately northeast of the existing underground mining infrastructure. However, the majority of the 2026 winter drill program will test for the extension of gold mineralization at the BK3 zone, an area located to the northeast below Contact Lake. Highlight hole CL26025 returned high-grade gold mineralization, including 11.97 g/t Au over 10.70m, from two separate splays of the Bakos Shear zone, both of which show higher grade cores within broad zones of substantial mineralization and alteration. Combined with hole CL26024, hole CL26025 successfully extended the high-grade M-zone gold mineralization toward the BK3 zone, located roughly 65m toward the northeast. Holes CL260027 through CL26048 (22 drillholes) were all collared on the ice in order to thoroughly test the extents of the gold mineralization present at BK3. Trident will continue to explore and drill test in a systematic manner as the team looks to expand on and discover additional high-grade gold zones. Annuncio • Feb 26
Trident Resources Corp. Has Announces the Acceleration of Its Winter 2026 Drilling Program with the Mobilization of A Third Drill Rig Trident Resources Corp. has announced the acceleration of its Winter 2026 drilling program with the mobilization of a third drill rig. This expansion is part of the company's strategy to expedite and expand its initial drilling plan across its properties in the La Ronge Gold Belt, which now total over 130,000 hectares. The addition of the third rig is expected to increase drilling capacity and advance exploration timelines, particularly in the Preview target area, which hosts deposits with current NI43-101 compliant Mineral Resource Estimates. Trident Resources is well-funded, with over CAD 32 million in cash and marketable securities, and plans to continue drilling throughout 2026 while conducting extensive ground exploration. The company's efforts are focused on expanding current gold resources and drill-testing highly prospective exploration targets across the Contact Lake Property. Annuncio • Feb 19
Trident Resources Corp. announced that it has received CAD 16.34848 million in funding On February 18, 2026, Trident Resources Corp. closed the transaction. Certain related parties of the company participated in the non-brokered offering..In connection with the brokered offering, the underwriters received an aggregate cash fee equal to 6.0 per cent of the gross proceeds of the brokered offering. Recent Insider Transactions • Feb 03
Independent Director recently sold CA$120k worth of stock On the 30th of January, Ross McElroy sold around 44k shares on-market at roughly CA$2.72 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$92k more than they bought in the last 12 months. Annuncio • Jan 29
Trident Resources Corp. announced that it expects to receive CAD 15.04 million in funding Trident Resources Corp. announces that it has entered into an agreement with Haywood Securities Inc.to issue 4,000,000 Flow Through shares at a price of CAD 3.76 per share for gross proceeds of CAD 15,040,000 on January 27, 2026. The company has granted the underwriters an option to increase the size of the offering by up to an additional 600,000 FT shares for additional gross proceeds of up to CAD 2,256,000, to cover overallotments, exercisable at any time up to two business days prior to closing of the offering. The offering is expected to close on or about February 18, 2026. The company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the offering, the underwriters will receive an aggregate cash fee equal to 6% of the gross proceeds of the offering. Annuncio • Jan 21
Trident Resources Corp. Announces Results of the Remaining Six Diamond Drill Holes from the 19-Hole 2025 Drill Program at the Contact Lake Project Trident Resources Corp. announced the results of the remaining six diamond drill holes from the 19-hole 2025 drill program at the Contact Lake Project. Based on the very successful results of the 2025 drill program (6,838m drilled in 19 holes), a fully-funded 10,000m winter 2026 drill program at Contact Lake is underway. Hole CL25017 returned 5.73 g/t gold (Au) over 15.0m from 472.0m including 9.35 g/t Au over 7.0m from 480.0m and 15.05 g/t Au over 2.0m from 481.0m. Hole CL25016 returned 2.62 g/t Au over 37.44m from 465.6m including 5.70 g/t gold over 9.0m from 469.8m and 11.53 g/t Au over 2.,3m from 476.5m. A 2026 winter phase of drilling consisting of approximately 10,000 metres in up to 40 drill holes with two drill rigs has commenced. Analytical results from the 2025 drill program show that high-grade gold is present at shallow depths as well as deeper down. The 2026 winter drill program at Contact Lake will seek to extend recently discovered and historically identified gold zones along strike to the northeast in the BK3 Zone where historically defined resources were left unmined due to the low gold price. Trident will continue to explore and drill test in a systematic manner as the team looks to expand on and discover additional high-grade gold zones. The final 1.0m sample at a down-hole depth of 364.0m returned 4.55 g/t Au over 1.0m. The final 1.0 m sample at a down-holedepth of 364.0m returned4.55 g/t Au Over 1.0m. Annuncio • Jan 16
Trident Resources Commences 10,000 Metre Winter Drilling Program At the Contact Lake Gold Project in the La Ronge Gold Belt of Saskatchewan Trident Resources Corp. announced the commencement of its 10,000 metre winter diamond drilling program at the Company's Contact Lake Gold Project, located in the prolific La Ronge Gold Belt of northern Saskatchewan. The drill program has been designed to confirm historical gold mineralization, expand known gold zones, and test newly defined targets based on current geologic interpretations. The 2026 winter drill program is an important follow-up to the recently concluded 2025 Contact Lake drill program, which successfully intersected high-grade gold intercepts and broad zones of alteration and gold mineralization. Previous to the 2025 drill program, the Contact Lake site hadnot been explored in nearly 30 years. Trident is excited to drill test several targets and realize the tremendous potential of one of the region's most prospective gold projects. Program Overview: The drill program will consist of an approximate 10,000 metres in up to 40 drill holes that will target high-priority zones identified through structural mapping, geophysical surveys, and reviews of historical data. Drilling is expected to take place on both land and ice based locations at the Contact Lake target area, as well as several land-based holes at the adjacent Preview SW deposit. Drill program personnel and equipment are being mobilized to the Contact Lake project with drilling to begin shortly. Annuncio • Jan 06
Trident Resources Corp. Announces Appointment of Tim J. Termuende as Chairman of the Board, Effective January 6, 2026 Trident Resources Corp. has announced the appointment of Mr. Tim J. Termuende as Chairman of the Board of Directors, effective January 6, 2026. Mr. Termuende previously served as a member of the Company’s Board. Mr. Termuende is currently Executive Chairman and a founding director of Eagle Plains Resources Ltd. He is a professional geologist with over 45 years’ experience in the mineral exploration industry. Since leaving Cominco in the late 1980s, Mr. Termuende has worked extensively on exploration projects throughout North and South America and has overseen a broad portfolio of projects targeting a variety of geological models and commodities within British Columbia, Saskatchewan and Yukon. He has held executive leadership roles with numerous publicly traded companies since 1994, including Copper Canyon Resources Ltd, Taiga Gold Corp. and Eagle Royalties Ltd., each of which were successfully transacted with third parties resulting in over $110M in value and liquidity delivered directly to shareholders. Mr. Termuende’s deep familiarity with the La Ronge Gold Belt, which hosts Trident’s high-grade Contact Lake Project, provides the Company with a significant strategic advantage. He was instrumental in the formation of Trident through its three-way merger and has been actively involved in the region for over four decades. New Risk • Nov 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). High level of non-cash earnings (38% accrual ratio). Shareholders have been substantially diluted in the past year (224% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$61.6m market cap, or US$44.1m). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CA$1.73, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 20x in the Metals and Mining industry in Canada. Total returns to shareholders of 246% over the past three years. Annuncio • Sep 11
Trident Resources Corp., Annual General Meeting, Nov 06, 2025 Trident Resources Corp., Annual General Meeting, Nov 06, 2025. Location: vancouver Canada Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to CA$1.02, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 18x in the Metals and Mining industry in Canada. Total returns to shareholders of 57% over the past three years. Annuncio • Aug 29
Trident Resources Corp. (TSXV:ROCK) signed an agreement to acquire A number of dispositions comprising 16,245 ha in four individual blocks located in La Ronge from Eagle Plains Resources Ltd. (TSXV:EPL). Trident Resources Corp. (TSXV:ROCK) signed an agreement to acquire A number of dispositions comprising 16,245 ha in four individual blocks located in La Ronge from Eagle Plains Resources Ltd. (TSXV:EPL) for CAD 0.01 million on July 30, 2025. The purchase price consists of cash and NSR Royalty, where the Royalty is subject to a 2% NSR on all 24 claims with a buy-back of CAD 1 million for 1%.
The transaction is subject to approval by TSX Venture Exchange.
Trident Resources Corp. (TSXV:ROCK) signed an agreement to acquire A number of dispositions comprising 16,245 ha in four individual blocks located in La Ronge from Eagle Plains Resources Ltd. (TSXV:EPL) on August 28, 2025. New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (37% accrual ratio). Shareholders have been substantially diluted in the past year (209% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$22.1m market cap, or US$16.1m). Annuncio • Aug 13
Trident Resources Corp. (TSXV:ROCK) signed an agreement to acquire A number of dispositions comprising 16,245 ha in four individual blocks located in La Ronge from Eagle Plains Resources Ltd. (TSXV:EPL) for CAD 0.01 million. Trident Resources Corp. (TSXV:ROCK) signed an agreement to acquire A number of dispositions comprising 16,245 ha in four individual blocks located in La Ronge from Eagle Plains Resources Ltd. (TSXV:EPL) for CAD 0.01 million on July 30, 2025. The purchase price consists of cash and NSR Royalty, where the Royalty is subject to a 2% NSR on all 24 claims with a buy-back of CAD 1 million for 1%.
The transaction is subject to approval by TSX Venture Exchange. Annuncio • Aug 06
Trident Resources Corp. to Commence Inaugural 5,000m Drill Program at Contact Lake High-Grade Gold Project, Saskatchewan Trident Resources Corp. announced an upcoming fully-funded 5,000-metre drill program at its high-grade Contact Lake Gold Project, located in the La Ronge Gold Belt of Saskatchewan. This marks Trident's first drill campaign and the first modern exploration on the historic Contact Lake target in nearly 30 years. The 16-hole program will begin this month as crews have begun to mobilize to the project. Drilling will target the heart of the past-producing Contact Lake Mine, following up on historical high-grade intercepts including: Proven Past Production: 1.0 million tonnes milled at 6.16 g/t Au (190,088 oz gold recovered, Cameco 1999); High Recovery: 95% life-of-mine mill recovery; Untested Zones: Mineralization remains open along strike and at depth; Historic Resource: Cameco internal estimate suggests significant gold remains; Infrastructure Ready: Onsite power, highway access, and historic underground workings. Annuncio • Jun 21
Trident Resources Corp. announced that it has received CAD 2.25 million in funding Trident Resources Corp. announced a non-brokered private placement financing to issue 3,000,000 units at a price of CAD 0.75 per Unit for gross proceeds of CAD 2,250,000 on June 20, 2025. Each Unit is comprised of one flow-through common share and one-half of one transferable warrant. Each Warrant will entitle the holder to purchase one non-flow through common share for a period of two years at a price of CAD 1.15 per share. In relation to the Private Placement, the Company has paid finder’s fees of CAD 90,000 to an arm’s-length party. The Private Placement is subject to final TSX Venture Exchange approval and all securities issued are subject to a four-month-and-one-day hold period. New Risk • May 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (32% accrual ratio). Shareholders have been substantially diluted in the past year (180% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$15.9m market cap, or US$11.5m). Annuncio • May 06
Trident Resources Corp. Receives Drill Permits for Its High-Grade Gold Projects Located in Saskatchewan Trident Resources Corp. announced that the Saskatchewan Ministry of Environment has issued two exploration permits for the Contact Lake and Preview SW Gold Deposits. Both deposits are located on the Contact Lake Gold Property, one of Trident Resources' three wholly owned gold and copper projects in Saskatchewan. Trident looks forward to conducting drill programs at the past producing Contact Lake mine site and the Preview SW deposit, which host historical gold resources. This will be the first exploration program at the Contact Lake mine site in almost thirty years. With the drill permits now in hand, the company will be finalizing plans for the upcoming program and will be mobilizing this summer with a strong treasury to conduct a 5,000m program. The exploration drill program will comprise approximately 5,000 metres and is scheduled to commence this summer at the Contact Lake mine site, where approximately 3,800m are planned. Drill activities will then move to the Preview SW deposit area where approximately 1,200m are planned. The Cameco Corporation Contact Lake Operations Final Report (1999) stated that seven historical resource blocks with a total of 47,738 contained ounces of gold were left unmined. Analytical results from historical drill programs at the Contact Lake deposit demonstrate the potential for both wide bulk-tonnage intercepts and high-grade discoveries. Annuncio • Feb 03
Eros Resources Appoints Andrew J. Ramcharan as Senior Vice President of Corporate Development Eros Resources Corp. announce the appointment of Dr. Andrew J. Ramcharan (Ph.D., P.Eng, FAusIMM) as Senior Vice President of Corporate Development, effective as of the 28 of January, 2025. Dr. Ramcharan has an extensive background in corporate development, mining and exploration, project evaluation, and investment banking spanning over twenty years. Previously, as Manager of Corporate Development for IAMGOLD, Dr. Ramcharan was involved in raising over $600 million in equity financings and worked on project acquisitions totaling over $800 million. Dr. Ramcharan has held senior investment banking and corporate finance roles, including with Sprott and Resource Capital Funds, where he performed over 300 project evaluations and helped complete numerous debt and equity financings. More recently he was the SVP of Corporate Development for Rockridge Resources and was part of the team that led the three-way merger. New Risk • Jan 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 137% 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 (26% average weekly change). Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m (CA$75.0 revenue, or US$52.0). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CA$15.1m market cap, or US$10.5m). Annuncio • Jan 07
Lincoln Resource Group Corporation completed the acquisition of Bell Mountain Project from Eros Resources Corp. (TSXV:ERC). Lincoln Resource Group Corporation signed a non-binding Letter of Intent to acquire Bell Mountain Project from Eros Resources Corp. (TSXV:ERC) on August 10, 2023. As a result of the proposed transaction, Eros. will acquire shares in Lincoln. The proposed transaction is subject to regulatory approvals and customary closing conditions.
Lincoln Resource Group Corporation entered into an agreement to acquire Bell Mountain Project from Eros Resources Corp. (TSXV:ERC) for $0.89 million on November 3, 2023. Under the terms of the purchase agreement, Lincoln has agreed to issue to either BMEC or Eros, as directed by Eros, (a) 3,000,000 common shares in the capital of the Company on the closing date of the Transaction and (b) 1,500,000 Shares within five business days of the date on which Lincoln completes any issuance of Shares, the result of which is that there are at least 28,500,000 Shares issued and outstanding. Following the Closing Date, one of Eros or BMEC will be an insider of the Company. Lincoln Resource Group Corp. will also grant to BMEC a net profits interest of 7.5% of the net returns from gold and silver produced or extracted from the Project up to a maximum amount of $0.2 million. No finder’s fees will be paid in connection with the Transaction. Closing of the Transaction is subject to final Exchange acceptance.
On November 24, 2023, the TSX Venture Exchange provided its conditional approval of the Transaction. On March 15, 2024 the parties have extended the outside date to complete the Transaction to May 31, 2024. Welsh Hagen Associates completed a draft PEA on August 7, 2024, which is currently under review by Lincoln and Eros, pursuant to the amending agreement dated August 15, 2024, the parties have agreed to extend the outside date of the transaction to November 15, 2024.
Lincoln Resource Group Corporation completed the acquisition of Bell Mountain Project from Eros Resources Corp. (TSXV:ERC) on January 6, 2025. As a result of the Acquisition, Eros is now an insider of Lincoln Gold Mining Inc. Annuncio • Oct 02
Eros Resources Corp. (TSXV:ERC) entered into an agreement to acquire remaining 89.789946% stake in MAS Gold Corp. (TSXV:MAS) for CAD 3.9 million. Eros Resources Corp. (TSXV:ERC) entered into an agreement to acquire remaining 89.789946% stake in MAS Gold Corp. (TSXV:MAS) for CAD 3.9 million on October 1, 2024. Eros will issue approximately 86,246,640 Eros Shares to MAS Gold shareholders as part of the consideration. The shareholders of MAS Gold will receive 0.25 Eros Shares for each MAS Gold common share. Upon closing of the Transaction, existing Eros shareholders will own approximately 42.37% of the combined company, existing MAS Gold shareholders will own approximately 37.33% of the combined company, and existing Rockridge shareholders will own approximately 20.30% (based on the current issued and outstanding shares of each of the companies). The transaction was approved by both target and buyer's board of directors on the recommendation of special committee. The transaction is subject to the approval of both target's and buyer's shareholders. The completion of the Merger is subject to approval by the TSXV. The Transaction is also subject to receipt of court and other applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature. Evans & Evans, Inc. acted as fairness opinion provider to MAS Gold Corp. Annuncio • Jul 31
Eros Resources Corp., Annual General Meeting, Sep 24, 2024 Eros Resources Corp., Annual General Meeting, Sep 24, 2024. Location: british columbia, vancouver Canada New Risk • Dec 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$3.9m 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$3.9m free cash flow). Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (CA$25.0 revenue, or US$18.0). Market cap is less than US$10m (CA$2.94m market cap, or US$2.16m). Annuncio • Nov 29
Eros Resources Corp. Announces Chief Executive Officer Changes Eros Resources Corp. announced the appointment of Mr. Tom MacNeill as the new Chief Executive Officer of the company. Mr. MacNeill, who currently serves as the Chairman of the Board of Directors, brings over 35 years of experience in resource investment, corporate finance, and strategic operations, solidifying his role as a seasoned leader within the company. This leadership transition follows the resignation of Mr. Ron Netolitzky, for personal reasons. Mr. Netolitzky has been instrumental in the formation and development of Eros since its inception, and the Company is pleased that he will continue to contribute to Eros as a Director and Consultant. The remainder of the board of directors, along with the officers and employees of Eros, thank Mr. Netolitzky for the contributions he has made to the company over the past number of years. The appointment of Mr. MacNeill is a strategic move and is part of the ongoing efforts to revitalize and restructure the company with an increasing focus on trading within Eros' portfolio of investments in junior natural resource exploration companies and aligns with Eros Resources Corp.'s strategic vision for the future. As a member of a multi-generational mining family, Mr. MacNeill has held key positions as a director or executive officer of several companies, including Claude Resources, Omineca Mining and Metals Ltd., 49 North Resources Inc., Royal Helium, FNR Energy Inc., FNR Energy II Inc., and FNR Energy III Inc. Mr. MacNeill's rich experience covers all facets of exploration, project development, and finance within the mining sector. Notable corporate development achievements include the early stage financing and development of Athabasca Potash (acquired by BHP), Rallymont Energy (acquired by Husky Energy), Copper Canyon Resources (acquired by Novagold), and Prairie Hunter Energy (acquired by Renegade Energy). His track record of success and experience is further underscored by his prior positions as an Investment Advisor with a major brokerage house and as the CFO of Pacific Western Trust (now Schedule 1 Canadian Chartered Bank Versabank). This unique combination of expertise positions Mr. MacNeill as exceptionally qualified to lead Eros. Eros Resources Corp. is confident that Mr. MacNeill's wealth of expertise and proven leadership will play a pivotal role in advancing the company's ongoing efforts to restructure according to the current strategic plan. His contributions are expected to significantly enhance the company's success in the resource industry. Board Change • Oct 31
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. No experienced directors. 3 highly experienced directors. President, CEO & Director Ron Netolitzky was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 11
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. No experienced directors. 3 highly experienced directors. President, CEO & Director Ron Netolitzky was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 08
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$5.2m free cash flow). Shares are highly illiquid. Earnings have declined by 1.1% per year over the past 5 years. Revenue is less than US$1m (CA$25.0 revenue, or US$19.0). Market cap is less than US$10m (CA$5.38m market cap, or US$4.03m). Reported Earnings • May 01
Full year 2022 earnings released: CA$0.078 loss per share (vs CA$0.011 profit in FY 2021) Full year 2022 results: CA$0.078 loss per share (down from CA$0.011 profit in FY 2021). Net loss: CA$7.65m (down CA$8.73m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Jan 10
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. No experienced directors. 3 highly experienced directors. President, CEO & Director Ron Netolitzky was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 25
Third quarter 2022 earnings released: CA$0.012 loss per share (vs CA$0.016 loss in 3Q 2021) Third quarter 2022 results: CA$0.012 loss per share (improved from CA$0.016 loss in 3Q 2021). Net loss: CA$1.18m (loss narrowed 24% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 59% 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. Board Change • Nov 17
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. No experienced directors. 3 highly experienced directors. President, CEO & Director Ron Netolitzky was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
First half 2022 earnings released: CA$0.097 loss per share (vs CA$0.021 loss in 1H 2021) First half 2022 results: CA$0.097 loss per share (down from CA$0.021 loss in 1H 2021). Net loss: CA$9.45m (loss widened 370% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 26
First quarter 2022 earnings released: CA$0.009 loss per share (vs CA$0.002 loss in 1Q 2021) First quarter 2022 results: CA$0.009 loss per share (down from CA$0.002 loss in 1Q 2021). Net loss: CA$880.4k (loss widened 488% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • May 03
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. No experienced directors. 3 highly experienced directors. President, CEO & Director Ron Netolitzky was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 20
Eros Resources Corp., Annual General Meeting, Jan 21, 2021 Eros Resources Corp., Annual General Meeting, Jan 21, 2021. Annuncio • Oct 29
Eros Resources Corp. Provides Exploration Update on the Bell Mountain Gold Project in Nevada Eros Resources Corp. has initiated a soil geochemical survey to identify drill targets in order to expand the existing resource model at Bell Mountain gold focused project. The company reported that the soil samples have been collected and have now been submitted to the lab for analysis. Eros collected 1,000 soil samples on a 200 ft x 200 ft sample grid. Where bedrock was present, rock-chip samples were collected. Certified reference material, blanks, duplicates, and second-lab check assays are part of the quality control and assurance program. The samples will guide determination of drill targets by anomalous gold in soil and favorable geology (silicification) where present. Reverse-circulation exploration drilling will test targets as warranted. Eros' 100% owned Bell Mountain Gold Project is located near Fallon, Nevada. Highlights of the Preliminary Economic Assessment that was completed in 2017 and which has not been updated for current gold and silver pricing, include: Pre-tax net present value (‘NPV’ @ 5% and internal rate of return (‘IRR’) of $17.6 million and 41.4% respectively, along with a payback period of 1.7 years, using a USD 1,300/oz price of gold and a USD 17.50/oz price of silver. After tax NPV @ 5% and IRR of $9.3 million and 24.7% respectively, with a payback period of 2.7 years. 4 year mine life, with total production of 60,056 ounces of gold and 408,498 ounces of silver, before expansion based on renewed exploration. Life of mine cash cost of $759 per produced ounce, net of by-product silver and including royalty payments totaling $2.56 million. Eros has engaged McClelland Laboratories in Reno, NV to estimate capital and operating costs (±20%) for the Bell Mountain Gold Project. Subsequent data will be used to update the present economic model. Furthermore, Eros is planning to reinstate the exploration activities in a near future, with the purpose of further expanding the current resource base. Annuncio • Aug 14
Eros Resources Corp. announced that it has received CAD 0.075 million in funding Eros Resources Corp. (TSXV:ERC) announced non-brokered private placement of 1,000,000 units at a price of CAD 0.075 per unit for gross proceeds of CAD 75,000 on August 13, 2020. Each unit consists of one common share and half share purchase warrant, with each full warrant exercisable at CAD 0.15 per share until August 13, 2022. The transaction is subject to approval of TSX Venture Exchange. The securities issued are subject to four months and one day hold period. Annuncio • Aug 13
Eros Resources Corp. has completed a Composite Units Offering in the amount of CAD 2.422344 million. Eros Resources Corp. has completed a Composite Units Offering in the amount of CAD 2.422344 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 48,446,887
Price\Range: CAD 0.05
Transaction Features: Rights Offering