New Risk • May 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$382k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$382k). Earnings have declined by 75% per year over the past 5 years. Market cap is less than US$10m (CA$6.42m market cap, or US$4.66m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • May 06
Full year 2025 earnings released: CA$0.10 loss per share (vs CA$0.17 loss in FY 2024) Full year 2025 results: CA$0.10 loss per share. Revenue: CA$11.9m (up 215% from FY 2024). Net loss: CA$6.65m (loss widened 56% from FY 2024). お知らせ • Apr 28
Fiddlehead Resources Corp., Annual General Meeting, Jun 25, 2026 Fiddlehead Resources Corp., Annual General Meeting, Jun 25, 2026. New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 85% per year over the past 5 years. Market cap is less than US$10m (CA$3.93m market cap, or US$2.87m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Earnings have declined by 85% per year over the past 5 years. Market cap is less than US$10m (CA$3.93m market cap, or US$2.87m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). お知らせ • Oct 03
Fiddlehead Resources Corp. Announces the Retirement of Ying Yuen as Chief Financial Officer Fiddlehead Resources Corp. announced that Mr. Ying Yuen has retired from his role as Chief Financial Officer ("CFO") of the Company. The process to identify and appoint a successor CFO is already underway, and an update will be provided in due course. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$21m 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$21m free cash flow). Earnings have declined by 86% per year over the past 5 years. Market cap is less than US$10m (CA$7.53m market cap, or US$5.49m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). お知らせ • Jun 06
Fiddlehead Resources Corp., Annual General Meeting, Jul 10, 2025 Fiddlehead Resources Corp., Annual General Meeting, Jul 10, 2025. Board Change • Sep 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. CEO & Chairman Brent Osmond was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.