Cullinan Metals（CMT）株式概要カリナン・メタルズ社は、カナダでクリーンエネルギー金属の探査に注力している。 詳細CMT ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析マイナスの株主資本 過去5年間で収益は年間9%減少しました。 株式の流動性は非常に低い 過去1年間で株主の希薄化は大幅に進んだ +2 さらなるリスクすべてのリスクチェックを見るCMT Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCA$Current PriceCA$0.32該当なし内在価値ディスカウントEst. Revenue$PastFuture-2m12016201920222025202620282031Revenue CA$1.0Earnings CA$0.1AdvancedSet Fair ValueView all narrativesFeatured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.0% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative15.1kusers have viewed this narrative42users have liked this narrative1users have commented on this narrative287users have followed this narrativeRead narrativeCullinan Metals Corp. 競合他社Vanity CapitalSymbol: TSXV:VYC.HMarket cap: CA$2.4mVanadiumcorp ResourceSymbol: TSXV:VRBMarket cap: CA$2.2mAvventura ResourcesSymbol: CNSX:AAMarket cap: CA$2.5mCanadian Silver HunterSymbol: TSXV:AGH.HMarket cap: CA$2.7m価格と性能株価の高値、安値、推移の概要Cullinan Metals過去の株価現在の株価CA$0.3252週高値CA$0.3652週安値CA$0.10ベータ0.161ヶ月の変化43.18%3ヶ月変化-10.00%1年変化110.00%3年間の変化-93.00%5年間の変化n/aIPOからの変化-60.62%最新ニュースNew Risk • Apr 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 148% 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 Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.90m).お知らせ • Apr 15Cullinan Metals Corp. announced that it has received CAD 0.63994 million in fundingOn April 13, 2026, Cullinan Metals Corp. has closed the transaction and issued 3,999,625 common shares at the price of CAD 0.16 per share for the gross proceeds of CAD 639,940. The company paid finders fees, in cash, in the amount of CAD 10,018 and received net proceeds of CAD 629,922. All the securities issued in the offering is subject to a hold period of 4 months and 1 day from date of issuance.お知らせ • Apr 14Cullinan Metals Corp. Announces Board ChangesCullinan Metals Corp. announced that Ms. Raylen Tamayo has joined the board of directors. Ms. Tamayo brings over 8 years of experience in finance and accounting, primarily within publicly listed companies. She began her career as an assurance and consulting associate at a top accounting firm and has since advanced through senior finance roles across a range of sectors. Her areas of expertise include IFRS compliance, financial reporting and management, control and process streamlining, as well as advisory services for initial public offerings (IPOs) and reverse takeovers (RTOs). Ms. Tamayo currently serves as a Manager at Zeus Accounting Solutions Corp., where she also holds Controller roles for several companies. She holds a Masters degree from the University Canada West, where she majored in Finance. Mr. Richard Ko has submitted his resignation from the board of directors of the Company and Cullinan thanks Mr. Ko for his years of services.Board Change • Apr 06Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Richard Ko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 21Cullinan Metals Corp. announced that it expects to receive CAD 0.4 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 2,500,000 common shares at a price of CAD 0.16 per Share for gross proceeds of CAD 400,000 on March 19, 2026. The company can raise up to a further CAD 240,000 in excess capacity at the Company’s discretion. The Shares will be subject to a 4-month hold period in all selling jurisdictions, starting from the Closing Date. Related parties may participate and the Company may pay finders’ fees to arm's length parties in consideration for introducing subscribers to the Offering. Completion of the Offering remains subject to the receipt of any required regulatory approvals, including the approval of the Canadian Securities Exchange.New Risk • Mar 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. 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 (64% average weekly change). Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.1m market cap, or US$8.19m).最新情報をもっと見るRecent updatesNew Risk • Apr 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 148% 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 Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.90m).お知らせ • Apr 15Cullinan Metals Corp. announced that it has received CAD 0.63994 million in fundingOn April 13, 2026, Cullinan Metals Corp. has closed the transaction and issued 3,999,625 common shares at the price of CAD 0.16 per share for the gross proceeds of CAD 639,940. The company paid finders fees, in cash, in the amount of CAD 10,018 and received net proceeds of CAD 629,922. All the securities issued in the offering is subject to a hold period of 4 months and 1 day from date of issuance.お知らせ • Apr 14Cullinan Metals Corp. Announces Board ChangesCullinan Metals Corp. announced that Ms. Raylen Tamayo has joined the board of directors. Ms. Tamayo brings over 8 years of experience in finance and accounting, primarily within publicly listed companies. She began her career as an assurance and consulting associate at a top accounting firm and has since advanced through senior finance roles across a range of sectors. Her areas of expertise include IFRS compliance, financial reporting and management, control and process streamlining, as well as advisory services for initial public offerings (IPOs) and reverse takeovers (RTOs). Ms. Tamayo currently serves as a Manager at Zeus Accounting Solutions Corp., where she also holds Controller roles for several companies. She holds a Masters degree from the University Canada West, where she majored in Finance. Mr. Richard Ko has submitted his resignation from the board of directors of the Company and Cullinan thanks Mr. Ko for his years of services.Board Change • Apr 06Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Richard Ko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 21Cullinan Metals Corp. announced that it expects to receive CAD 0.4 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 2,500,000 common shares at a price of CAD 0.16 per Share for gross proceeds of CAD 400,000 on March 19, 2026. The company can raise up to a further CAD 240,000 in excess capacity at the Company’s discretion. The Shares will be subject to a 4-month hold period in all selling jurisdictions, starting from the Closing Date. Related parties may participate and the Company may pay finders’ fees to arm's length parties in consideration for introducing subscribers to the Offering. Completion of the Offering remains subject to the receipt of any required regulatory approvals, including the approval of the Canadian Securities Exchange.New Risk • Mar 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. 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 (64% average weekly change). Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.1m market cap, or US$8.19m).New Risk • Mar 06New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 Share price has been highly volatile over the past 3 months (64% average weekly change). Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.37m market cap, or US$1.00m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).Board Change • Feb 25Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Richard Ko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 12+ 1 more updateCullinan Metals Corp. Announces Appointment of Simon Tso as Chief Financial OfficerCullinan Metals Corp. announced that Mr. Simon Tso has been appointed as the Chief Financial Officer. Mr. Tso is the Principal of Athena Chartered Professional Accountant Ltd., a full-cycle accounting firm that assists both private and public companies with their financial reporting, regulatory filing, and taxation requirements, commonly as their Controller or Chief Financial Officer. Mr. Tso is also a co-founder of Zeus Capital Ltd., a boutique corporate finance firm that specializes in providing financial advisory, valuation and consulting services. Prior to his current roles, Mr. Tso spent a number of years as an Associate at a local corporate finance firm and as a Senior Accountant at a firm of Chartered Accountants. Mr. Tso graduated with a Bachelor of Commerce (Finance) degree with honours from the UBC Sauder School of Business, and is both a CFA Charterholder and a Chartered Professional Accountant. Mr. Tso is currently a director of Rush Gold Corp. and Inturai Ventures Corp.お知らせ • Jan 09Cullinan Metals Corp. Announces CFO ChangesCullinan Metals Corp. announced that John Bean has resigned as Chief Financial Officer of the Company, effective December 31, 2025. The Company further announced that Marc Enright-Morin, Chief Executive Officer, has assumed the role of Interim Chief Financial Officer, effective immediately, and will serve in this capacity until a permanent replacement is appointed.Board Change • Nov 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO, President & Director Marc Enright-Morin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Nov 09New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$379k 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$30k free cash flow). Share price has been highly volatile over the past 3 months (47% average daily change). Negative equity (-CA$379k). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$821.2k market cap, or US$585.3k).Board Change • Oct 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO, President & Director Marc Enright-Morin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jun 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$162k 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$162k free cash flow). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$657.0k market cap, or US$478.8k).お知らせ • Jan 09Cullinan Metals Corp. announced that it expects to receive CAD 0.33 million in fundingCullinan Metals Corp announced a non-brokered private placement of up to 3,300,000 units at a price CAD 0.10 per unit for gross proceeds CAD 330,000 on January 7, 2025. Each Unit will consist of one post- Consolidation common share and one post-Consolidation common share warrant. Each Warrant will entitle the holder to acquire one Share at a price of CAD 0.10 per Share for a period of two years following closing of the Offering. Closing of the Share Consolidation and the Offering is subject to the approval of the Canadian Securities Exchange. All securities to be issued pursuant to the Offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities lawsNew Risk • Feb 23New major risk - Financial positionThe 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). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.30m market cap, or US$960.7k). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).お知らせ • Dec 20Cullinan Metals Corp. announced that it has received CAD 0.207 million in fundingOn December 19, 2023, Cullinan Metals Corp. closed the transaction. The company issued 2,300,000 flow-through units at a price of CAD 0.09 per FT Unit for gross proceeds of CAD 207,000. Each FT Unit is comprised of one flow through common share and one-half of one transferrable non-flow-through common share purchase warrant. Each NFT warrant entitles the holder to acquire one non-flow-through common share at a price of CAD 0.12 per NFT Share for a period of two years from the closing date of the FT Offering. In connection with the FT Offering, the Company will pay a finder’s fee consisting of CAD 14,490 and 161,000 finder’s warrants. The Finder’s Warrants are non-transferable and exercisable at a price of CAD 0.12 per NFT Share for a period of two years from the closing date of the FT Offering. The securities issued under the FT Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation.お知らせ • Dec 12+ 1 more updateCullinan Metals Corp. Completes Ground Exploration Program At Its Lac-Des-Iles West Graphite Property in Quebec, CanadaCullinan Metals Corp. announced that it has successfully completed a ground exploration program at its Lac-des-Iles West Graphite Property (the "Property") in Quebec, Canada. Focus of the program was a follow up ground checking of the two of the most promising airborne geophysical targets, T1 and T2, identified immediately to the north of the Lac des Iles graphite mine ("LDI"), which is currently owned by Northern Graphite Corp. Highlights. The program successfully iden fied graphite mineraliza on with geological similar to LDI, showcasing graphite content typically ranging from 1-15% Cg, with occasional thin veins of massive graphite. Trenching and overburden stripping work was also conducted on both conductors T1 and T2 which uncovered graphite mineraliza on, a part of which was extended to the edge of the Property on the adjacent LDI mine. During the present field invieds, a total of 60 rock samples were collected from the Property and have been sent to an independent accredited laboratory, "ACTLABS" in Ancaster Ontario, for assaying. Access nego a ons with surface landowners were successfully completed providing the necessary access for explora on work on the iden fied targets. The program laid the groundwork for planning drill holes in the next phase of explora on, aimed at verifying the con nuity of large flake surface graphite mineraliza on at depth and along strike. Target areas T1 and T2 boast dimensions of 500 m in the east-west direc on and over 1,000 m long in the north-south direc on.お知らせ • Oct 21Cullinan Metals Corp. announced that it has received CAD 0.24 million in fundingOn October 20, 2023, Cullinan Metals Corp. closed the transaction. The company amended the terms of the transaction and issued 754,717 Quebec flow-through units at a price of CAD 0.265 per Quebec flow-through unit for gross proceeds of up to CAD 200,000 and 200,000 non-flow-through units at a price of CAD 0.2 per per unit for gross proceeds of up to CAD 40,000 for the aggregate gross proceeds of CAD 240,000.お知らせ • Oct 13Cullinan Metals Corp. announced that it expects to receive CAD 0.3 million in fundingCullinan Metals Corp. announced a non-brokered private placement to issue 943,397 Quebec flow-through units at a price of CAD 0.265 per Quebec flow-through unit for gross proceeds of up to CAD 250,000.205 and up to 250,000 non-flow-through units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 50,000; aggregate gross proceeds of CAD 300,000.205 on October 12, 2023. Each Quebec flow-through unit consists of one flow-through common share and one-half of one transferrable non-flow-through common share purchase warrant. Each NFT Warrant entitles the holder to purchase one additional share at a price of CAD 0.40 per share for a period of 2 years following closing of the QC FT Offering. Each unit consists of one common share and one transferrable common share purchase warrant. Each Warrant entitles the holder to purchase one additional share at a price of CAD 0.30 per share for a period of 3 years following closing of the NFT Offering. The Company may pay finder’s fees as consideration for the services provided by finders in connection with the QC FT and NFT Offerings. Closing of the Offerings is expected to occur on or before October 18, 2023. All securities to be issued pursuant to the Offerings will be subject to a restricted hold period of four months and one day under applicable Canadian securities legislation.お知らせ • Sep 28Cullinan Metals Corp. announced that it has received CAD 0.052 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 100,000 units at an issue price of CAD 0.52 per unit for the gross proceeds of CAD 52,000 on September 26, 2023. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one share at a price of CAD 0.70 per share for a period of sixty months from the date of closing of the offering. In the event that the shares trade at a price of CAD 1 and above for ten consecutive trading days, the company may, at its option, accelerate the warrant expiry date by providing notice to the warrant holders that the warrants will expire on the thirtieth day from the date of the acceleration notice. There is no finders fee paid in connection with the offering. The securities issued under the offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation.お知らせ • Sep 16Cullinan Metals Corp., Annual General Meeting, Nov 29, 2023Cullinan Metals Corp., Annual General Meeting, Nov 29, 2023.お知らせ • Jul 25Cullinan Metals Corp. Announces the Results of an Airborne Mag/TDEM Survey Conducted At Its Lac-Des-les West Graphite PropertyCullinan Metals Corp. announced the results of an airborne MAG/TDEM survey conducted at its Lac-des-les West Graphite Property ("Lac-des-les" or the "Property"). The survey has revealed exciting findings that indicate significant potential for graphite mineralization. Particularly, two highly promising exploration targets, T1 and T2, have been identified north of the Lac des Iles graphite mine (the "LDI"), currently owned by Northern Graphite Corp. As the sole significant graphite producer in North America, the LDI graphite mine has been in operation for over 20 years and is expected to continue producing up to 15,000 tonnes per year of graphite concentrate over the next two to three years. The interpretation of the survey data highlights the influence of main structural trends in the north-south and northeast-southwest directions on the distribution of graphite-bearing mineralization within the Property. The areas with potentially high concentrations of graphite mineralization coincide with the geological contact between metasedimentary rocks and quartzites. These areas exhibit high magnetic susceptibility values and conductivity or EM responses (High Tau values). The survey findings demonstrate the potential of the Lac-des-les to host graphite mineralization in an extension of the LDI graphite deposit. The identified areas of interest, characterized by high magnetic gradients and EM conductivity, have been prioritized for further investigation and represent compelling opportunities for future graphite exploration. The comprehensive geophysical survey, executed in 2023, was conducted by Prospectair Geosurveys of Qubec, Canada, using a high-resolution heliborne magnetic (MAG) and time-domain electromagnetic (TDEM) survey technique. The survey covered a total of 252-line kilometers on the Property, utilizing advanced technology to identify shallow and deep geophysical targets and structures.Board Change • Jul 01High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Born is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 14Cullinan Metals Corp. announced that it has received CAD 0.25 million in fundingOn June 13, 2023, Cullinan Metals Corp. closed the transaction. In connection with the transaction, the company will pay finder’s fees consisting of CAD 15,000 and 37,500 finder’s warrants. The finder’s warrants are non-transferable and exercisable at price of CAD 0.4 per non-flow-through share for a period of two years from the closing date of the transaction.お知らせ • Jun 08Cullinan Metals Corp. announced that it expects to receive CAD 0.25 million in fundingCullinan Metals Corp. announced a non-brokered private placement of up to 625,000 flow-through Units at a price of CAD 0.40 per flow-through Unit for gross proceeds of up to CAD 250,000 on June 7, 2023. Each flow-through unit will be comprised of one flow through common share and one-half of one transferrable non-flow-through common share purchase warrant exercisable for one non-flow through common share at a price of CAD 0.60 per non-flow through Share for a period of two years from the closing date of the transaction. In the event that the Shares trade at a price of CAD 1.00 and above for ten consecutive trading days, the company may, at its option, accelerate the non-flow through warrant expiry date by providing notice to the non-flow through warrant holders by way of a news release that the non-flow through warrants will expire on the 30th day from the date of the acceleration notice. Finders’ fees may be paid in accordance with policies of the Canadian Securities Exchange. All securities to be issued under the transaction will be subject to a hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Exchange. There can be no assurance that the transaction will be completed, whether in whole or in part.お知らせ • May 12Cullinan Metals Announces Completion of Airborne Geophysical Survey At Lac-Des-Iles West Graphite ProjectCullinan Metals Corp. announced the successful completion of geophysical surveys at the Lac-des-Isles West graphite project. Airborne magnetic and time-domain electromagnetic geophysical surveys were conducted over the Property by Prospectair Geosurveys, a leading provider of airborne geophysics services. The Lac-Des-Iles property consists of 43 mineral claims in one contiguous block covering approximately 2,276 hectares land, near the town of Mont-Laurier in southern Québec. The claims are located adjacent to the north and west of the Lac des Iles Graphite Mine (LDI mine) previously owned by Imerys Graphite and Carbon, which has been in operation for over 20 years and is the only significant graphite producer in North America. Cullinan Metals property has excellent infrastructure support, road accessible, located 150 kilometres from Montreal, water, power and manpower available locally. In April 2023, Prospectair completed a total of 328 line-km of MAG and TDEM surveys over the Property. The survey was carried out with traverse lines oriented N106 to properly map the dominant magnetic/geological strike, and with a 100m line spacing. Control lines were flown perpendicular to traverse lines and at a 1000 m line spacing. The survey data is being processed and will be released as soon as available.お知らせ • May 10Cullinan Metals Corp. announced that it has received CAD 0.470002 million in fundingOn May 9, 2023, Cullinan Metals Corp. closed the transaction. The company amended the terms of the deal and issued 522,224 flow-through shares at a price of CAD 0.90 per flow-through share for gross proceeds of CAD 470,000. The company shall pay finders’ fees of CAD 28,200 to eligible finders in connection with the transaction.お知らせ • May 05Cullinan Metals Corp. announced that it expects to receive CAD 0.5 million in fundingCullinan Metals Corp. announced a non-brokered private placement of up to 555,556 flow-through shares at a price of CAD 0.9 per share for the aggregate gross proceeds of CAD 500,000 on May 3, 2023. Finders' fees may be paid in accordance with policies of the Canadian Securities Exchange. All securities to be issued under the flow-through shares offering will be subject to a hold period of four months plus a day from the date of issuance. The closing of the transaction is subject to the approvals of the receipt of all necessary regulatory and other approvals, including the approval of the Exchange.お知らせ • Dec 30Cullinan Metals Corp. announced that it has received CAD 0.3438 million in fundingCullinan Metals Corp. announced a non-brokered private placement private placement of 1,146,000 units at a price of CAD 0.3 per unit for gross proceeds of CAD 343,800 on December 28, 2022. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire one Share at a price of $0.60 per share for a period of twenty four months from the date of closing of the offering. The securities issued under the offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation. The company will pay finder’s fees consisting of CAD 24,066 in cash and 80,220 finder’s warrants. The finder’s warrants are non-transferable and exercisable on the same terms as the Warrants issued under the Offering.お知らせ • Oct 01+ 1 more updateCullinan Metals Corp. Announces CEO ChangesMarc Enright-Morin, president of Cullinan Metals Corp., has been appointed as chief executive officer of the company, effective immediately. Mr. Morin is a seasoned businessman and Vancouver-based entrepreneur. He began his capital markets career with a boutique merchant bank in Vancouver. He has assisted various public and private companies raise in excess of $300-million through various institutions, with a focus throughout Europe, Asia and the United States. He has over 18 years of work experience in the public and private markets. Mr. Morin has garnered an extensive network of investment banking contacts and experience that are instrumental in the management and development of start-ups and junior companies. He has also served as CEO, president and director of several public issuers in the resource sector. Mark L.P. Ferguson has resigned from the company as CEO and director.お知らせ • Sep 22+ 1 more updateCullinan Metals Corp., Annual General Meeting, Dec 05, 2022Cullinan Metals Corp., Annual General Meeting, Dec 05, 2022.お知らせ • Sep 21Cullinan Metals Corp. announced that it has received CAD 0.499 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 1,663,333 units at an issue price of CAD 0.3 for gross proceeds of CAD 499,000 on September 20, 2022. Each Unit consists of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder to acquire one Share at a price of CAD 0.4 per share for a period of 24 months from the date of closing of the transaction. The securities issued are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation.Board Change • Aug 25No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 14+ 1 more updateCullinan Metals Corp. (CNSX:CMT) entered into letter of agreement to acquire Goldplay’s Borba 2 projects located in Portugal from Goldplay Mining Inc. (TSXV:AUC) for CAD 3.75 Million.Cullinan Metals Corp. (CNSX:CMT) entered into letter of agreement to acquire Goldplay’s Borba 2 projects located in Portugal from Goldplay Mining Inc. (TSXV:AUC) for CAD 3.75 Million on June 13, 2022. Goldplay will retain a royalty interest of one percent (1%) net smelter returns (“NSR”) from minerals mined and removed by Commercial Production from any mine located on the Property. One-half percent (0.5%) of the royalty interest can be purchased at any time for CAD 500,000. Transaction is suject to regulatory approval.お知らせ • Jun 10Cullinan Metals Corp. Appoints John Bean as Chief Financial OfficerCullinan Metals Corp. has appointed John Bean as chief financial officer, effective immediately. Mr. Bean is an experienced cannabis and real estate sector CFO who provides corporate finance leadership and strategic business development guidance; and who strengthens corporate governance. Mr. Bean was the CFO of Aurora Cannabis Inc., a Canadian federally licensed producer of medical cannabis, during its first two years as a public company, when it obtained its license to grow, became licensed to sell, and then received customer revenues. Mr. Bean has served on the board of Prescient Mining Corp., which became Aurora Cannabis Inc., General Fusion Inc., SyncWave Energy Inc., TAP Ventures Inc., RSI International, BC Technologies Industry Association, Accenture's CSTaR (Center for Strategic Technology Research) and Bobolink Daycare Society for Deaf Children. The company has granted 250,000 stock options to directors, officers, employees and consultants exercisable at a price of 40 cents per share for a period of five years. The company has engaged digital marketing agency, FinancialPress, (a Vancouver based media company), specializing in news, editorial, and video distribution. The contract is for a term of three months at a cost of CAD 35,000 and will combine a robust strategy of outreach to retail and institutional investors. About Cullinan Metals Corp. Cullinan Metals Corp. is a Canadian mining and exploration company focused on high quality copper and gold assets in Europe. The company's Borba 2 property, which contains four projects, consists of several advanced mineral occurrences and past producing copper and gold mines. The concession covers an area of 328.5 square km in one of the most mining friendly areas in Portugal. All the projects are off main roads and highways with excellent infrastructure.Board Change • Jun 08No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 29Cullinan Metals Corp. Appoints Marc Enright Morin as PresidentCullinan Metals Corp. announced that effective immediately Marc Enright-Morin has joined the Company as President. Mr. Morin is a seasoned businessman and Vancouver-based entrepreneur. He began his capital markets career with a boutique merchant bank in Vancouver. He has assisted various public and private companies raise in excess of $300 million through various institutions, with a focus throughout Europe, Asia and the United States. He has over 18 years of work experience in the public and private markets. Mr. Morin has garnered an extensive network of investment banking contacts, and experience that are instrumental in the management and development of start-ups and junior companies. He has also served as CEO, president and director of several public issuers in the resource sector.お知らせ • Feb 18Cullinan Metals Corp. has completed an IPO in the amount of CAD 0.2785 million.Cullinan Metals Corp. has completed an IPO in the amount of CAD 0.2785 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 2,785,000 Price\Range: CAD 0.1 Discount Per Security: CAD 0.01Board Change • Feb 17No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.株主還元CMTCA Metals and MiningCA 市場7D-13.7%8.7%1.0%1Y110.0%94.1%34.0%株主還元を見る業界別リターン: CMT過去 1 年間で94.1 % の収益を上げたCanadian Metals and Mining業界を上回りました。リターン対市場: CMT過去 1 年間で34 % の収益を上げたCanadian市場を上回りました。価格変動Is CMT's price volatile compared to industry and market?CMT volatilityCMT Average Weekly Movementn/aMetals and Mining Industry Average Movement11.9%Market Average Movement10.3%10% most volatile stocks in CA Market17.8%10% least volatile stocks in CA Market4.0%安定した株価: CMTの株価は、 Canadian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間のCMTのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト2021n/aAleem Fidaiwww.cullinanmetals.comCullinan Metals Corp.は、カナダでクリーンエネルギー金属の探査に注力している。銅、リチウム、グラファイト、金資産の探査を行っている。同社は2021年に法人化され、カナダのバンクーバーを拠点としている。もっと見るCullinan Metals Corp. 基礎のまとめCullinan Metals の収益と売上を時価総額と比較するとどうか。CMT 基礎統計学時価総額CA$2.57m収益（TTM）-CA$873.44k売上高(TTM)n/a0.0xP/Sレシオ-2.9xPER（株価収益率CMT は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CMT 損益計算書（TTM）収益CA$0売上原価CA$0売上総利益CA$0その他の費用CA$873.44k収益-CA$873.44k直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.11グロス・マージン0.00%純利益率0.00%有利子負債／自己資本比率-8.7%CMT の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 22:46終値2026/05/06 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cullinan Metals Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Featured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.0% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative15.1kusers have viewed this narrative42users have liked this narrative1users have commented on this narrative287users have followed this narrativeRead narrative
New Risk • Apr 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 148% 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 Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.90m).
お知らせ • Apr 15Cullinan Metals Corp. announced that it has received CAD 0.63994 million in fundingOn April 13, 2026, Cullinan Metals Corp. has closed the transaction and issued 3,999,625 common shares at the price of CAD 0.16 per share for the gross proceeds of CAD 639,940. The company paid finders fees, in cash, in the amount of CAD 10,018 and received net proceeds of CAD 629,922. All the securities issued in the offering is subject to a hold period of 4 months and 1 day from date of issuance.
お知らせ • Apr 14Cullinan Metals Corp. Announces Board ChangesCullinan Metals Corp. announced that Ms. Raylen Tamayo has joined the board of directors. Ms. Tamayo brings over 8 years of experience in finance and accounting, primarily within publicly listed companies. She began her career as an assurance and consulting associate at a top accounting firm and has since advanced through senior finance roles across a range of sectors. Her areas of expertise include IFRS compliance, financial reporting and management, control and process streamlining, as well as advisory services for initial public offerings (IPOs) and reverse takeovers (RTOs). Ms. Tamayo currently serves as a Manager at Zeus Accounting Solutions Corp., where she also holds Controller roles for several companies. She holds a Masters degree from the University Canada West, where she majored in Finance. Mr. Richard Ko has submitted his resignation from the board of directors of the Company and Cullinan thanks Mr. Ko for his years of services.
Board Change • Apr 06Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Richard Ko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 21Cullinan Metals Corp. announced that it expects to receive CAD 0.4 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 2,500,000 common shares at a price of CAD 0.16 per Share for gross proceeds of CAD 400,000 on March 19, 2026. The company can raise up to a further CAD 240,000 in excess capacity at the Company’s discretion. The Shares will be subject to a 4-month hold period in all selling jurisdictions, starting from the Closing Date. Related parties may participate and the Company may pay finders’ fees to arm's length parties in consideration for introducing subscribers to the Offering. Completion of the Offering remains subject to the receipt of any required regulatory approvals, including the approval of the Canadian Securities Exchange.
New Risk • Mar 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. 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 (64% average weekly change). Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.1m market cap, or US$8.19m).
New Risk • Apr 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 148% 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 Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.61m market cap, or US$1.90m).
お知らせ • Apr 15Cullinan Metals Corp. announced that it has received CAD 0.63994 million in fundingOn April 13, 2026, Cullinan Metals Corp. has closed the transaction and issued 3,999,625 common shares at the price of CAD 0.16 per share for the gross proceeds of CAD 639,940. The company paid finders fees, in cash, in the amount of CAD 10,018 and received net proceeds of CAD 629,922. All the securities issued in the offering is subject to a hold period of 4 months and 1 day from date of issuance.
お知らせ • Apr 14Cullinan Metals Corp. Announces Board ChangesCullinan Metals Corp. announced that Ms. Raylen Tamayo has joined the board of directors. Ms. Tamayo brings over 8 years of experience in finance and accounting, primarily within publicly listed companies. She began her career as an assurance and consulting associate at a top accounting firm and has since advanced through senior finance roles across a range of sectors. Her areas of expertise include IFRS compliance, financial reporting and management, control and process streamlining, as well as advisory services for initial public offerings (IPOs) and reverse takeovers (RTOs). Ms. Tamayo currently serves as a Manager at Zeus Accounting Solutions Corp., where she also holds Controller roles for several companies. She holds a Masters degree from the University Canada West, where she majored in Finance. Mr. Richard Ko has submitted his resignation from the board of directors of the Company and Cullinan thanks Mr. Ko for his years of services.
Board Change • Apr 06Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Richard Ko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 21Cullinan Metals Corp. announced that it expects to receive CAD 0.4 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 2,500,000 common shares at a price of CAD 0.16 per Share for gross proceeds of CAD 400,000 on March 19, 2026. The company can raise up to a further CAD 240,000 in excess capacity at the Company’s discretion. The Shares will be subject to a 4-month hold period in all selling jurisdictions, starting from the Closing Date. Related parties may participate and the Company may pay finders’ fees to arm's length parties in consideration for introducing subscribers to the Offering. Completion of the Offering remains subject to the receipt of any required regulatory approvals, including the approval of the Canadian Securities Exchange.
New Risk • Mar 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 9x increase in shares outstanding. 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 (64% average weekly change). Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.1m market cap, or US$8.19m).
New Risk • Mar 06New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 Share price has been highly volatile over the past 3 months (64% average weekly change). Negative equity (-CA$776k). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.37m market cap, or US$1.00m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
Board Change • Feb 25Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Richard Ko was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 12+ 1 more updateCullinan Metals Corp. Announces Appointment of Simon Tso as Chief Financial OfficerCullinan Metals Corp. announced that Mr. Simon Tso has been appointed as the Chief Financial Officer. Mr. Tso is the Principal of Athena Chartered Professional Accountant Ltd., a full-cycle accounting firm that assists both private and public companies with their financial reporting, regulatory filing, and taxation requirements, commonly as their Controller or Chief Financial Officer. Mr. Tso is also a co-founder of Zeus Capital Ltd., a boutique corporate finance firm that specializes in providing financial advisory, valuation and consulting services. Prior to his current roles, Mr. Tso spent a number of years as an Associate at a local corporate finance firm and as a Senior Accountant at a firm of Chartered Accountants. Mr. Tso graduated with a Bachelor of Commerce (Finance) degree with honours from the UBC Sauder School of Business, and is both a CFA Charterholder and a Chartered Professional Accountant. Mr. Tso is currently a director of Rush Gold Corp. and Inturai Ventures Corp.
お知らせ • Jan 09Cullinan Metals Corp. Announces CFO ChangesCullinan Metals Corp. announced that John Bean has resigned as Chief Financial Officer of the Company, effective December 31, 2025. The Company further announced that Marc Enright-Morin, Chief Executive Officer, has assumed the role of Interim Chief Financial Officer, effective immediately, and will serve in this capacity until a permanent replacement is appointed.
Board Change • Nov 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO, President & Director Marc Enright-Morin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Nov 09New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$379k 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$30k free cash flow). Share price has been highly volatile over the past 3 months (47% average daily change). Negative equity (-CA$379k). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$821.2k market cap, or US$585.3k).
Board Change • Oct 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. CEO, President & Director Marc Enright-Morin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jun 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$162k 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$162k free cash flow). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$657.0k market cap, or US$478.8k).
お知らせ • Jan 09Cullinan Metals Corp. announced that it expects to receive CAD 0.33 million in fundingCullinan Metals Corp announced a non-brokered private placement of up to 3,300,000 units at a price CAD 0.10 per unit for gross proceeds CAD 330,000 on January 7, 2025. Each Unit will consist of one post- Consolidation common share and one post-Consolidation common share warrant. Each Warrant will entitle the holder to acquire one Share at a price of CAD 0.10 per Share for a period of two years following closing of the Offering. Closing of the Share Consolidation and the Offering is subject to the approval of the Canadian Securities Exchange. All securities to be issued pursuant to the Offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws
New Risk • Feb 23New major risk - Financial positionThe 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). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.30m market cap, or US$960.7k). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).
お知らせ • Dec 20Cullinan Metals Corp. announced that it has received CAD 0.207 million in fundingOn December 19, 2023, Cullinan Metals Corp. closed the transaction. The company issued 2,300,000 flow-through units at a price of CAD 0.09 per FT Unit for gross proceeds of CAD 207,000. Each FT Unit is comprised of one flow through common share and one-half of one transferrable non-flow-through common share purchase warrant. Each NFT warrant entitles the holder to acquire one non-flow-through common share at a price of CAD 0.12 per NFT Share for a period of two years from the closing date of the FT Offering. In connection with the FT Offering, the Company will pay a finder’s fee consisting of CAD 14,490 and 161,000 finder’s warrants. The Finder’s Warrants are non-transferable and exercisable at a price of CAD 0.12 per NFT Share for a period of two years from the closing date of the FT Offering. The securities issued under the FT Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation.
お知らせ • Dec 12+ 1 more updateCullinan Metals Corp. Completes Ground Exploration Program At Its Lac-Des-Iles West Graphite Property in Quebec, CanadaCullinan Metals Corp. announced that it has successfully completed a ground exploration program at its Lac-des-Iles West Graphite Property (the "Property") in Quebec, Canada. Focus of the program was a follow up ground checking of the two of the most promising airborne geophysical targets, T1 and T2, identified immediately to the north of the Lac des Iles graphite mine ("LDI"), which is currently owned by Northern Graphite Corp. Highlights. The program successfully iden fied graphite mineraliza on with geological similar to LDI, showcasing graphite content typically ranging from 1-15% Cg, with occasional thin veins of massive graphite. Trenching and overburden stripping work was also conducted on both conductors T1 and T2 which uncovered graphite mineraliza on, a part of which was extended to the edge of the Property on the adjacent LDI mine. During the present field invieds, a total of 60 rock samples were collected from the Property and have been sent to an independent accredited laboratory, "ACTLABS" in Ancaster Ontario, for assaying. Access nego a ons with surface landowners were successfully completed providing the necessary access for explora on work on the iden fied targets. The program laid the groundwork for planning drill holes in the next phase of explora on, aimed at verifying the con nuity of large flake surface graphite mineraliza on at depth and along strike. Target areas T1 and T2 boast dimensions of 500 m in the east-west direc on and over 1,000 m long in the north-south direc on.
お知らせ • Oct 21Cullinan Metals Corp. announced that it has received CAD 0.24 million in fundingOn October 20, 2023, Cullinan Metals Corp. closed the transaction. The company amended the terms of the transaction and issued 754,717 Quebec flow-through units at a price of CAD 0.265 per Quebec flow-through unit for gross proceeds of up to CAD 200,000 and 200,000 non-flow-through units at a price of CAD 0.2 per per unit for gross proceeds of up to CAD 40,000 for the aggregate gross proceeds of CAD 240,000.
お知らせ • Oct 13Cullinan Metals Corp. announced that it expects to receive CAD 0.3 million in fundingCullinan Metals Corp. announced a non-brokered private placement to issue 943,397 Quebec flow-through units at a price of CAD 0.265 per Quebec flow-through unit for gross proceeds of up to CAD 250,000.205 and up to 250,000 non-flow-through units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 50,000; aggregate gross proceeds of CAD 300,000.205 on October 12, 2023. Each Quebec flow-through unit consists of one flow-through common share and one-half of one transferrable non-flow-through common share purchase warrant. Each NFT Warrant entitles the holder to purchase one additional share at a price of CAD 0.40 per share for a period of 2 years following closing of the QC FT Offering. Each unit consists of one common share and one transferrable common share purchase warrant. Each Warrant entitles the holder to purchase one additional share at a price of CAD 0.30 per share for a period of 3 years following closing of the NFT Offering. The Company may pay finder’s fees as consideration for the services provided by finders in connection with the QC FT and NFT Offerings. Closing of the Offerings is expected to occur on or before October 18, 2023. All securities to be issued pursuant to the Offerings will be subject to a restricted hold period of four months and one day under applicable Canadian securities legislation.
お知らせ • Sep 28Cullinan Metals Corp. announced that it has received CAD 0.052 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 100,000 units at an issue price of CAD 0.52 per unit for the gross proceeds of CAD 52,000 on September 26, 2023. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one share at a price of CAD 0.70 per share for a period of sixty months from the date of closing of the offering. In the event that the shares trade at a price of CAD 1 and above for ten consecutive trading days, the company may, at its option, accelerate the warrant expiry date by providing notice to the warrant holders that the warrants will expire on the thirtieth day from the date of the acceleration notice. There is no finders fee paid in connection with the offering. The securities issued under the offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation.
お知らせ • Sep 16Cullinan Metals Corp., Annual General Meeting, Nov 29, 2023Cullinan Metals Corp., Annual General Meeting, Nov 29, 2023.
お知らせ • Jul 25Cullinan Metals Corp. Announces the Results of an Airborne Mag/TDEM Survey Conducted At Its Lac-Des-les West Graphite PropertyCullinan Metals Corp. announced the results of an airborne MAG/TDEM survey conducted at its Lac-des-les West Graphite Property ("Lac-des-les" or the "Property"). The survey has revealed exciting findings that indicate significant potential for graphite mineralization. Particularly, two highly promising exploration targets, T1 and T2, have been identified north of the Lac des Iles graphite mine (the "LDI"), currently owned by Northern Graphite Corp. As the sole significant graphite producer in North America, the LDI graphite mine has been in operation for over 20 years and is expected to continue producing up to 15,000 tonnes per year of graphite concentrate over the next two to three years. The interpretation of the survey data highlights the influence of main structural trends in the north-south and northeast-southwest directions on the distribution of graphite-bearing mineralization within the Property. The areas with potentially high concentrations of graphite mineralization coincide with the geological contact between metasedimentary rocks and quartzites. These areas exhibit high magnetic susceptibility values and conductivity or EM responses (High Tau values). The survey findings demonstrate the potential of the Lac-des-les to host graphite mineralization in an extension of the LDI graphite deposit. The identified areas of interest, characterized by high magnetic gradients and EM conductivity, have been prioritized for further investigation and represent compelling opportunities for future graphite exploration. The comprehensive geophysical survey, executed in 2023, was conducted by Prospectair Geosurveys of Qubec, Canada, using a high-resolution heliborne magnetic (MAG) and time-domain electromagnetic (TDEM) survey technique. The survey covered a total of 252-line kilometers on the Property, utilizing advanced technology to identify shallow and deep geophysical targets and structures.
Board Change • Jul 01High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Born is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 14Cullinan Metals Corp. announced that it has received CAD 0.25 million in fundingOn June 13, 2023, Cullinan Metals Corp. closed the transaction. In connection with the transaction, the company will pay finder’s fees consisting of CAD 15,000 and 37,500 finder’s warrants. The finder’s warrants are non-transferable and exercisable at price of CAD 0.4 per non-flow-through share for a period of two years from the closing date of the transaction.
お知らせ • Jun 08Cullinan Metals Corp. announced that it expects to receive CAD 0.25 million in fundingCullinan Metals Corp. announced a non-brokered private placement of up to 625,000 flow-through Units at a price of CAD 0.40 per flow-through Unit for gross proceeds of up to CAD 250,000 on June 7, 2023. Each flow-through unit will be comprised of one flow through common share and one-half of one transferrable non-flow-through common share purchase warrant exercisable for one non-flow through common share at a price of CAD 0.60 per non-flow through Share for a period of two years from the closing date of the transaction. In the event that the Shares trade at a price of CAD 1.00 and above for ten consecutive trading days, the company may, at its option, accelerate the non-flow through warrant expiry date by providing notice to the non-flow through warrant holders by way of a news release that the non-flow through warrants will expire on the 30th day from the date of the acceleration notice. Finders’ fees may be paid in accordance with policies of the Canadian Securities Exchange. All securities to be issued under the transaction will be subject to a hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Exchange. There can be no assurance that the transaction will be completed, whether in whole or in part.
お知らせ • May 12Cullinan Metals Announces Completion of Airborne Geophysical Survey At Lac-Des-Iles West Graphite ProjectCullinan Metals Corp. announced the successful completion of geophysical surveys at the Lac-des-Isles West graphite project. Airborne magnetic and time-domain electromagnetic geophysical surveys were conducted over the Property by Prospectair Geosurveys, a leading provider of airborne geophysics services. The Lac-Des-Iles property consists of 43 mineral claims in one contiguous block covering approximately 2,276 hectares land, near the town of Mont-Laurier in southern Québec. The claims are located adjacent to the north and west of the Lac des Iles Graphite Mine (LDI mine) previously owned by Imerys Graphite and Carbon, which has been in operation for over 20 years and is the only significant graphite producer in North America. Cullinan Metals property has excellent infrastructure support, road accessible, located 150 kilometres from Montreal, water, power and manpower available locally. In April 2023, Prospectair completed a total of 328 line-km of MAG and TDEM surveys over the Property. The survey was carried out with traverse lines oriented N106 to properly map the dominant magnetic/geological strike, and with a 100m line spacing. Control lines were flown perpendicular to traverse lines and at a 1000 m line spacing. The survey data is being processed and will be released as soon as available.
お知らせ • May 10Cullinan Metals Corp. announced that it has received CAD 0.470002 million in fundingOn May 9, 2023, Cullinan Metals Corp. closed the transaction. The company amended the terms of the deal and issued 522,224 flow-through shares at a price of CAD 0.90 per flow-through share for gross proceeds of CAD 470,000. The company shall pay finders’ fees of CAD 28,200 to eligible finders in connection with the transaction.
お知らせ • May 05Cullinan Metals Corp. announced that it expects to receive CAD 0.5 million in fundingCullinan Metals Corp. announced a non-brokered private placement of up to 555,556 flow-through shares at a price of CAD 0.9 per share for the aggregate gross proceeds of CAD 500,000 on May 3, 2023. Finders' fees may be paid in accordance with policies of the Canadian Securities Exchange. All securities to be issued under the flow-through shares offering will be subject to a hold period of four months plus a day from the date of issuance. The closing of the transaction is subject to the approvals of the receipt of all necessary regulatory and other approvals, including the approval of the Exchange.
お知らせ • Dec 30Cullinan Metals Corp. announced that it has received CAD 0.3438 million in fundingCullinan Metals Corp. announced a non-brokered private placement private placement of 1,146,000 units at a price of CAD 0.3 per unit for gross proceeds of CAD 343,800 on December 28, 2022. Each unit consists of one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire one Share at a price of $0.60 per share for a period of twenty four months from the date of closing of the offering. The securities issued under the offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation. The company will pay finder’s fees consisting of CAD 24,066 in cash and 80,220 finder’s warrants. The finder’s warrants are non-transferable and exercisable on the same terms as the Warrants issued under the Offering.
お知らせ • Oct 01+ 1 more updateCullinan Metals Corp. Announces CEO ChangesMarc Enright-Morin, president of Cullinan Metals Corp., has been appointed as chief executive officer of the company, effective immediately. Mr. Morin is a seasoned businessman and Vancouver-based entrepreneur. He began his capital markets career with a boutique merchant bank in Vancouver. He has assisted various public and private companies raise in excess of $300-million through various institutions, with a focus throughout Europe, Asia and the United States. He has over 18 years of work experience in the public and private markets. Mr. Morin has garnered an extensive network of investment banking contacts and experience that are instrumental in the management and development of start-ups and junior companies. He has also served as CEO, president and director of several public issuers in the resource sector. Mark L.P. Ferguson has resigned from the company as CEO and director.
お知らせ • Sep 22+ 1 more updateCullinan Metals Corp., Annual General Meeting, Dec 05, 2022Cullinan Metals Corp., Annual General Meeting, Dec 05, 2022.
お知らせ • Sep 21Cullinan Metals Corp. announced that it has received CAD 0.499 million in fundingCullinan Metals Corp. announced a non-brokered private placement of 1,663,333 units at an issue price of CAD 0.3 for gross proceeds of CAD 499,000 on September 20, 2022. Each Unit consists of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder to acquire one Share at a price of CAD 0.4 per share for a period of 24 months from the date of closing of the transaction. The securities issued are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation.
Board Change • Aug 25No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 14+ 1 more updateCullinan Metals Corp. (CNSX:CMT) entered into letter of agreement to acquire Goldplay’s Borba 2 projects located in Portugal from Goldplay Mining Inc. (TSXV:AUC) for CAD 3.75 Million.Cullinan Metals Corp. (CNSX:CMT) entered into letter of agreement to acquire Goldplay’s Borba 2 projects located in Portugal from Goldplay Mining Inc. (TSXV:AUC) for CAD 3.75 Million on June 13, 2022. Goldplay will retain a royalty interest of one percent (1%) net smelter returns (“NSR”) from minerals mined and removed by Commercial Production from any mine located on the Property. One-half percent (0.5%) of the royalty interest can be purchased at any time for CAD 500,000. Transaction is suject to regulatory approval.
お知らせ • Jun 10Cullinan Metals Corp. Appoints John Bean as Chief Financial OfficerCullinan Metals Corp. has appointed John Bean as chief financial officer, effective immediately. Mr. Bean is an experienced cannabis and real estate sector CFO who provides corporate finance leadership and strategic business development guidance; and who strengthens corporate governance. Mr. Bean was the CFO of Aurora Cannabis Inc., a Canadian federally licensed producer of medical cannabis, during its first two years as a public company, when it obtained its license to grow, became licensed to sell, and then received customer revenues. Mr. Bean has served on the board of Prescient Mining Corp., which became Aurora Cannabis Inc., General Fusion Inc., SyncWave Energy Inc., TAP Ventures Inc., RSI International, BC Technologies Industry Association, Accenture's CSTaR (Center for Strategic Technology Research) and Bobolink Daycare Society for Deaf Children. The company has granted 250,000 stock options to directors, officers, employees and consultants exercisable at a price of 40 cents per share for a period of five years. The company has engaged digital marketing agency, FinancialPress, (a Vancouver based media company), specializing in news, editorial, and video distribution. The contract is for a term of three months at a cost of CAD 35,000 and will combine a robust strategy of outreach to retail and institutional investors. About Cullinan Metals Corp. Cullinan Metals Corp. is a Canadian mining and exploration company focused on high quality copper and gold assets in Europe. The company's Borba 2 property, which contains four projects, consists of several advanced mineral occurrences and past producing copper and gold mines. The concession covers an area of 328.5 square km in one of the most mining friendly areas in Portugal. All the projects are off main roads and highways with excellent infrastructure.
Board Change • Jun 08No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 29Cullinan Metals Corp. Appoints Marc Enright Morin as PresidentCullinan Metals Corp. announced that effective immediately Marc Enright-Morin has joined the Company as President. Mr. Morin is a seasoned businessman and Vancouver-based entrepreneur. He began his capital markets career with a boutique merchant bank in Vancouver. He has assisted various public and private companies raise in excess of $300 million through various institutions, with a focus throughout Europe, Asia and the United States. He has over 18 years of work experience in the public and private markets. Mr. Morin has garnered an extensive network of investment banking contacts, and experience that are instrumental in the management and development of start-ups and junior companies. He has also served as CEO, president and director of several public issuers in the resource sector.
お知らせ • Feb 18Cullinan Metals Corp. has completed an IPO in the amount of CAD 0.2785 million.Cullinan Metals Corp. has completed an IPO in the amount of CAD 0.2785 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 2,785,000 Price\Range: CAD 0.1 Discount Per Security: CAD 0.01
Board Change • Feb 17No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
