お知らせ • Sep 15
Rockcliff Metals to Delist from CSE at the Close of September 14 Rockcliff Metals Corporation announced that Hudbay Minerals Inc. (“Hudbay”) has completed the acquisition of all of the issued and outstanding common shares of Rockcliff that it did not already own pursuant to a court-approved plan of arrangement, effective as of today’s date (the “Transaction”). As a result of closing the Transaction, Rockcliff is now a wholly-owned subsidiary of Hudbay and, in accordance with the terms of the Transaction, former Rockcliff shareholders have been issued 0.006776 of a Hudbay common share for each Rockcliff share previously held. With the Transaction now complete, Rockcliff will submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations. It is anticipated the common shares of Rockcliff will be delisted from the Canadian Securities Exchange at the close of the market on September 14, 2023. New Risk • Jul 28
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$2.0m 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (93% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€13.3m market cap, or US$14.7m). お知らせ • Jun 09
Rockcliff Metals Corporation Provides Update from the Winter Drilling Completed At Its Snow Lake Project Located in Central Manitoba Rockcliff Metals Corporation provided an exploration update from the winter drilling completed at its Snow Lake Project ("The Project") located in central Manitoba. Drilling was concentrated at the Bur Property where excellent road access from the mining town of Snow Lake exists. The Project consists of four copper-zinc-gold-silver dominant anchor deposits (Bur, Talbot, Tower, and Rail) and several other grass roots prospects all centered around Snow Lake. The Project is part of the Flin Flon-Snow Lake Greenstone Belt ("The Belt"), the largest Paleoproterozoic volcanogenic massive sulphide ("VMS") district and one of the most prolific VMS districts in the world. Bur Property VMS Winter Drill Program. A total of 1,379 metres of drilling were completed in four holes. Drilling tested four separate geophysical conductive targets near the existing high-grade Bur VMS (copper-zinc) Deposit. All targets were intersected and explained by fine grained to massive pyrite sulphides in graphitic fault breccia. No appreciable copper-zinc mineralization was intersected in the four holes completed. お知らせ • Feb 08
Rockcliff Metals Corporation Announces Drilling Has Been Initiated At its 100% Owned Bur Property Rockcliff Metals Corporation announced drilling has been initiated at its 100% owned Bur property. Drilling will target several high priority untested anomalies proximal to the high-grade Bur volcanogenic massive sulphide ("VMS") Deposit. The 100% owned Bur Property hosts the Bur VMS Deposit and is located approximately 22 kilometres by gravel road from the center of the Snow Lake Mining Camp. The Bur VMS Deposit is a strategic, high-grade and significant resource of copper and zinc. It remains open at depth and along strike. Additional nearby geophysical targets have been identified which will be tested in this drill program. A total of 1,000-1,500 metres of drilling in six to eight holes are planned. Several areas with similar geological, geophysical and structural characteristics to those associated with the Bur VMS Deposit remain unexplained by drilling. お知らせ • Jan 26
Rockcliff Metals Corporation Announces Start of A Fully Funded Minimum 2,000 Metres Drill Program At Several of Its 100% Owned High-Grade Copper Properties in Manitoba Rockcliff Metals Corporation announced the start of a fully funded minimum 2,000 metres drill program at several of its 100% owned high-grade copper properties in Manitoba. The properties are strategically located and are part of the Company's extensive property portfolio located within the world class volcanogenic massive sulphide hosted Flin Flon-Snow Lake Greenstone Belt. Strategic VMS mineralization targeted in the drill program includes metals of copper and zinc. Rockcliff remains the large junior landholder in the in the Snow Lake mining camp area within the Flin Flon-Snow Lake Greenstone Belt. The 100% owned Bur Property hosts the Bur VMS Deposit and is located approximately 22 kilometres by gravel road from the center of the Snow Lake Mining Camp. The Bur VMS Deposit is a strategic, high-grade and significant resource of copper and zinc. It remains open at depth and along strike. Additional nearby exploration geophysical targets have been identified which will be tested in this drill program. A total of 1,000 metres of drilling in four to six holes are planned in an area approximately 1,000 metres northeast of the Bur VMS Deposit. This area has a similar geological and structural environment to that associated with the Bur VMS Deposit. Rockcliff completed a NI 43-101 Technical Report in Fourth Quarter 2021 on the Bur Property and press released the report on November 22, 2021. The 100% owned Penex Property is located approximately four kilometres from Hudbay Mineral's world class Lalor VMS and Gold Mine. The Penex Property hosts several areas with VMS potential including the down-dip extension of Hudbay Minerals Pen VMS Deposit at 350 metres vertical and an untested 2.6 kilometres long airborne geophysical target approximately one kilometres west of the Penex VMS Deposit. A total of 1,000 metres of drilling in four to six holes are planned to test the 2.6 kilometers long airborne geophysical target identified in historical airborne surveys and in a recently completed surface geophysical survey. Rockcliff will be targeting several areas along its length in order to determine its VMS significance. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim President, CEO & Director Ken Lapierre is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 22
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Interim President, CEO & Director Ken Lapierre is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. VP of Exploration & Director Ken Lapierre is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 02
Director Derek Macpherson has joined 3rd company board Derek Macpherson has been appointed to the board of Rockcliff Metals Corporation (CNSX:RCLF). Macpherson now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Gold79 Mines Ltd. (TSXV:AUU), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Executive Departure • Jun 07
President, CEO & Director Alistair Ross has left the company On the 2nd of June, Alistair Ross' tenure as President, CEO & Director of the company ended after 2.0 years in the role. As of March 2021, Alistair still personally held 1.11m shares (€42k worth at the time). Alistair is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.08 years. Under Alistair's leadership, the company delivered a total shareholder return of -36%.