공시 • Apr 15
Adex Mining Inc., Annual General Meeting, Jun 16, 2025 Adex Mining Inc., Annual General Meeting, Jun 16, 2025. New Risk • May 23
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$659k 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$659k free cash flow). Share price has been highly volatile over the past 3 months (78% average weekly change). Negative equity (-CA$5.7m). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.77m market cap, or US$4.95m). 공시 • Mar 07
Adex Mining Inc. announced that it expects to receive CAD 1 million in funding from Great Harvest Canadian Investment Company Limited Adex Mining Inc. announced a private placement to issue unsecured loan in the principal amount of CAD 1,000,000 on March 5, 2024. The loan bears interest at 8% per annum. The transaction will include participation from returning lender, Great Harvest Canadian Investment Company Limited. 공시 • Feb 08
Adex Mining Inc., Annual General Meeting, Mar 25, 2024 Adex Mining Inc., Annual General Meeting, Mar 25, 2024. 공시 • Sep 30
Adex Mining Inc., Annual General Meeting, Dec 15, 2023 Adex Mining Inc., Annual General Meeting, Dec 15, 2023. Board Change • May 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Joe Tai was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Joe Tai was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 29
Adex Mining Inc. Announces Board Changes Adex Mining Inc. announced that effective December 28, 2022, Mr. Henry Wong has resigned as a member of the board of directors and Mr. Pierre Wing Kin Sze has been appointed to the Board. Mr. Sze is a fellow member of the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. He holds a Bachelor of Business Administration (Hons) degree in Professional Accounting from The Hong Kong University of Science and Technology and has extensive experience in corporate finance, investor relations, company secretarial, financial management, auditing, accounting, taxation, internal control, treasury and business advisory in Hong Kong and the People’s Republic of China. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Joe Tai was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Nov 02
Adex Mining Inc., Annual General Meeting, Dec 23, 2022 Adex Mining Inc., Annual General Meeting, Dec 23, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Joe Tai was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Executive Departure • Jun 07
Chief Financial Officer Olga Balanovskaya has left the company On the 1st of June, Olga Balanovskaya's tenure as Chief Financial Officer ended after 3.7 years in the role. We don't have any record of a personal shareholding under Olga's name. Olga is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.67 years.