공지 • Sep 05
AM Resources Listing Transfer to NEX In accordance with TSX Venture Policy 2.5, AM Resources Corp. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on September 6, 2024, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of September 6, 2024, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from AMR to AMR.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated May 7, 2024, trading in the shares of the Company will remain suspended. 공지 • Apr 19
AM Resources Corporation Completes Compilation Work with the Discovery of 94 New Pegmatites for A Total of 281 Pegmatites on its 1,500 Km Land Package in Austria AM Resources Corporation announced that it has completed the compilation of government data on its newly acquired 1,500 km2 land package with the discovery of 94 new pegmatites. AM Resources has now identified a total of 281 pegmatites, consolidating its strategic position in one of Austria's most prospective lithium areas. The Company has identified a pegmatite corridor comprising of 88 pegmatites with lengths varying from 40 metres to 1,200 metres. A total of 38 pegmatites are located within mica schists, a geological setting favorable for the presence of lithium-bearing minerals. The other pegmatites are hosted within lenticular pegmatoid gneiss, which is less favorable to the presence of lithium-bearing minerals. An additional 6 pegmatites with one reaching over 2,100 metres in length were discovered. These pegmatites are located within mica schists, a geological setting favorable for the presence of lithium- bearing minerals. 공지 • Apr 12
AM Resources Corporation Identifies 26 New Pegmatites for a Total of 187 Pegmatites on its 1,500 Km2 Land Package in Austria AM Resources Corporation announced the discovery of 26 new pegmatites as a result of its ongoing compilation of government databases since it acquired its 1,500 km2 land package. AM Resources has now identified a total of 187 pegmatites, consolidating its strategic position in one of Austria's most prospective lithium areas. First Group: The Company has identified 8 large pegmatites with lengths varying between 329 metres and 887 metres, with the most extensive pegmatite measuring an impressive 281 metres in width. Second Group: An additional 18 pegmatites ranging from 102 metres to 560 metres in length were discovered, with the thickest pegmatite reaching 195 metres in width. This group's diversity in size and shape adds to the prospectivity of AM Resources' holdings. Many of these pegmatites are located within mica schists, a geological setting favorable for the presence of lithium-bearing minerals. As previously reported, the AM Resources team has been actively assembling a massive prospective land package with four key elements at the core of its strategy: proven geology, proximity to key markets, historical expertise, and a clear, proven mining code. AM Resources' Austrian properties are located within 620 km of 14 planned battery plants and have direct access to an extensive rail system. 공지 • Mar 21
AM Resources Corp. (TSXV:AMR) acquired Land package totaling 1,500 km2 in the Austrian Pegmatite Belt within the Austroalpine Nappes. AM Resources Corp. (TSXV:AMR) acquired Land package totaling 1,500 km2 in the Austrian Pegmatite Belt within the Austroalpine Nappes on March 21, 2024.AM Resources Corp. (TSXV:AMR) completed the acquisition of Land package totaling 1,500 km2 in the Austrian Pegmatite Belt within the Austroalpine Nappes on March 21, 2024. 공지 • Feb 16
AM Resources Corporation Announces Discovery of New Spodumene-Bearing Pegmatites at its 100%-Owned Sankt Rad, East Wolf and Legend Lithium Projects in Austria AM Resources Corporation announced the discovery of new spodumene-bearing pegmatites at its 100%-owned Sankt Rad, East Wolf and Legend lithium projects in Austria. Sankt Rad Project: Preliminary exploration work on the Sankt Rad project covered approximately 23.5 km² and involved visiting 14 locations with pegmatite bodies, including in situ outcrops and boulders. Various types of locations were explored, ranging from areas near roads, road cuts, hiking trails, to animal trails. The exploration team identified several types of pegmatites, including simple pegmatites, evolved pegmatites, and albite-spodumene pegmatites, suggesting a diverse geological composition in the area. Mineralogical zoning was observed in the spodumene-bearing pegmatites, with a predominance of green-colored spodumene, though beige specimens were also encountered. The presence of minerals like spodumene within the albite-spodumene pegmatites warrants further exploration. The Corporation also collected a total of 229 pegmatite grab samples and 6 spodumene-bearing pegmatite grab samples on the Sankt Rad project, which will be submitted for assay and geochemical analysis. East Wolf And Legend Projects: Preliminary exploration work on the East Wolf and Legend projects covered an area of approximately 15 km² each. Both properties have shown similarities in their geological structures. Predominantly in situ pegmatite bodies and boulders of various sizes were discovered during the exploration program. The mineralogical composition of these bodies includes quartz, feldspar, mica, biotite, tourmaline, garnet, and, in some cases, spodumene, hosted in mica schist and amphibolite. An in-situ pegmatite body with dimensions of three metres in width and length was observed, embedded in micaceous schist, containing spodumene. No previously documented mineral occurrences by the Austrian government were identified in the vicinity, highlighting the novelty of this discovery. Spodumene pegmatites were found close to the contact zone with the host rock, primarily micaceous schist, with occasional occurrences of amphibolite. Overall, the information obtained suggests that the East Wolf and Legend areas hold significant promise for mineral exploration, particularly for spodumene-bearing pegmatites, and warrant further investigation to fully understand their exploration potential. The Corporation also collected a total of 32 pegmatite grab samples and 4 spodumene-bearing pegmatite grab samples from the East Wolf project, and 51 pegmatite grab samples from the Legend project, which will be submitted for assay and geochemical analysis. New Risk • Dec 01
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$449k 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$449k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€2.09m market cap, or US$2.27m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). 