New Risk • May 02
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$506k 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$506k 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$1.45m market cap, or US$1.07m). New Risk • Oct 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 281% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). High level of non-cash earnings (281% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.09m market cap, or US$775.8k). 공지 • Apr 17
D2 Lithium Corp., Annual General Meeting, Jun 27, 2025 D2 Lithium Corp., Annual General Meeting, Jun 27, 2025. 공지 • Oct 08
Litica Resources B.V acquired 49% stake in Dajin Resources S.A. from D2 Lithium Corp. (TSXV:DTWO) for $2.2 million. Litica Resources B.V agreed to acquire 49% stake in Dajin Resources S.A. from D2 Lithium Corp. (TSXV:DTWO) for $2.2 million on September 27, 2024. A cash consideration of $2.25 million will be paid by Litica Resources B.V. As part of consideration, $2.25 million is paid towards common equity of Dajin Resources S.A.
Litica Resources B.V completed the acquisition of 49% stake in Dajin Resources S.A. from D2 Lithium Corp. (TSXV:DTWO) for $2.2 million on September 30, 2024. Board Change • Dec 01
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. 3 experienced directors. No highly experienced directors. Independent Director Bob Verhelst 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. 공지 • Aug 26
D2 Lithium Corp., Annual General Meeting, Sep 15, 2023 D2 Lithium Corp., Annual General Meeting, Sep 15, 2023, at 11:00 Pacific Daylight. Location: Suite 111 409 Granville, Street, Vancouver BC V6C 1T2 Vancouver Canada Agenda: To receive the audited financial statements of the Company for the financial years ended November 30, 2022 and 2021, together with the notes thereto and the report of the auditors thereon; To approve the appointment of DeVisser Gray LLP as auditors of the Company for the ensuing year, at a remuneration be fixed by the board of directors; To fix the number of directors of the Company to be elected at the Meeting at four members; To elect the directors of the Company; To consider and, if thought advisable, to pass, with or without variation, an ordinary resolution approving the Company's amended stock option plan, a copy of which is attached hereto as Schedule B. Board Change • Mar 10
Less than half of directors are independent Following 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 Bob Verhelst 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 • Nov 16
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 Bob Verhelst 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 • Sep 13
HeliosX Lithium & Technologies Corp. (TSXV:HX) acquired 5,060 acres in Worsley, Alberta and 77 new placer mineral claims Alkali Lake, Nevada. HeliosX Lithium & Technologies Corp. (TSXV:HX) acquired 5,060 acres in Worsley, Alberta and 77 new placer mineral claims Alkali Lake, Nevada on September 9, 2022.
HeliosX Lithium & Technologies Corp. (TSXV:HX) completed the acquisition of 5,060 acres in Worsley, Alberta and 77 new placer mineral claims Alkali Lake, Nevada on September 9, 2022. 공지 • Jul 26
HeliosX Lithium & Technologies Corp. announced that it expects to receive CAD 6.12 million in funding from Ramas Capital Management, LLC HeliosX Lithium & Technologies Corp. announced it has entered into a non-binding term sheet which is subject to execution of a legally binding agreement for non-brokered private placement of 7,200,000 units at a price of CAD 0.85 for aggregate gross proceeds of CAD 6,120,000 on July 25 2022. The transaction included participation from new investor Ramas Capital Management LLC. Each unit shall consist of one common share in the capital of the company and one fully transferable common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.85 per common share for a period of 60 months from the date of issuance. All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. As per the terms of the transaction a member for Ramas Capital Management LLC will join the board of directors of the company.
The closing of the offering is subject to certain conditions including (a) completion of due diligence to the satisfaction of the institutional investor and negotiation, execution and approval of definitive transaction documentation; (b) receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The company expects to close the offering in August, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 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. 공지 • Apr 16
HeliosX Lithium & Technologies Corp., Annual General Meeting, Jun 24, 2022 HeliosX Lithium & Technologies Corp., Annual General Meeting, Jun 24, 2022. Board Change • Jan 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 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.