New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$91k free cash flow). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.39m market cap, or US$2.49m). New Risk • May 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$286k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.88m market cap, or US$1.35m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). 공지 • Aug 21
Champion Bear Resources Ltd., Annual General Meeting, Oct 24, 2024 Champion Bear Resources Ltd., Annual General Meeting, Oct 24, 2024. Board Change • Apr 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director John Squarek was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director John Squarek was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 16
Chairman recently sold CA$67k worth of stock On the 13th of February, Richard Kantor sold around 70k shares on-market at roughly CA$0.95 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Richard has been a net seller over the last 12 months, reducing personal holdings by CA$87k. New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$269k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.44m market cap, or US$4.01m). Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Recent Insider Transactions Derivative • Dec 17
Chairman exercised options to buy CA$38k worth of stock. On the 13th of December, Richard Kantor exercised options to buy 510k shares at a strike price of around CA$0.18, costing a total of CA$92k. This transaction amounted to 100% of their direct individual holding at the time of the trade. Richard currently holds less than 1% of total shares outstanding. This was the only transaction from an insider over the last 12 months. 공지 • Sep 15
Champion Bear Resources Ltd. announced that it has received CAD 0.085 million in funding On September 14, 2022, Champion Bear Resources Ltd. closed the transaction. 공지 • Jul 22
Champion Bear Resources Ltd. announced that it has received CAD 0.085 million in funding On July 21, 2022, Champion Bear Resources Ltd. closed the transaction. Board Change • Jul 18
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 J. Sweeny 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. 공지 • Jun 29
Champion Bear Resources Ltd., Annual General Meeting, Aug 26, 2022 Champion Bear Resources Ltd., Annual General Meeting, Aug 26, 2022. Board Change • Apr 27
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 J. Sweeny 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. Board Change • Aug 27
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 J. Sweeny 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. Board Change • Aug 11
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 J. Sweeny 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. 공지 • Feb 06
Champion Bear Provides an Update on the Parkin Property Joint Venture Exploration Program Champion Bear Resources Ltd. announced that it is encouraged by the efforts and investments of the partners involved in evaluating the Parkin Offset Dyke where Champion Bear holds a 50% interest. Lonmin Canada Inc. currently has a joint venture agreement with Wallbridge Mining whereby it can spend up to $11 million on exploration to earn up to half of Wallbridge's interest in the Parkin properties. This is in addition to the $7.2 million that was spent by Implats on previous exploration programs. 공지 • Dec 05
Champion Bear Resources Ltd., Annual General Meeting, Feb 05, 2021 Champion Bear Resources Ltd., Annual General Meeting, Feb 05, 2021. 공지 • Jul 17
Champion Bear Resources Ltd. (TSXV:CBA) entered into an agreement to acquire interest in the claims in Ontario from 1544230 Ontario Inc. for CAD 0.08 million. Champion Bear Resources Ltd. (TSXV:CBA) entered into an agreement to acquire interest in the claims in Ontario from 1544230 Ontario Inc. for CAD 0.08 million in September 2019. An initial non-refundable payment of CAD 0.001 million was made upon signing this agreement. In three months, Champion Bear Resources will make a payment of CAD 0.006 million and issue 0.1 million shares. Further payments of CAD 0.012 million on the first anniversary, CAD 0.016 million on the second anniversary, and CAD 0.025 million on the third anniversary are intended. There is a 1.5% NSR option to buy back for CAD 1 million. When these terms are met, Champion Bear Resources will have earned a 100% in these claims. As on March 2, 2020, another payment of CAD 0.006 million and issued 0.1 million shares was made subsequent to year-end of 2019.