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). New Risk • Sep 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (€2.11m market cap, or US$2.25m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Board Change • Aug 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. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Dominic Voyer was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 Earnings have declined by 5.1% per year over the past 5 years. Revenue is less than US$1m (CA$94k revenue, or US$70k). Market cap is less than US$10m (€2.47m market cap, or US$2.66m). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Board Change • Mar 24
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. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Dominic Voyer was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공지 • Nov 11
AM Resources Corp. announced that it has received CAD 1.3155 million in funding On November 10, 2022, AM Resources Corp. closed the transaction. The transaction involved participation from 36 placees. The company paid a finders' fees of CAD 19,500 and issued 390,000 shares warrants pursuant to the transaction. 공지 • May 25
AM Resources Corp., Annual General Meeting, Jul 12, 2022 AM Resources Corp., Annual General Meeting, Jul 12, 2022. 공지 • Apr 07
AM Resources Corp. announced that it expects to receive CAD 2 million in funding AM Resources Corp. announced a non-brokered private placement of up to 40,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 2,000,000 on April 6, 2022. Each unit is comprised of one common share and one warrant. Each warrant entitles the holder to acquire one common share at a price of CAD 0.075 for a period of 24 months following the closing of offering.
On the same date, the company has issued 17,390,000 units for gross proceeds of CAD 869,500 in its first tranche. The company paid finders’ fees of CAD 18,000 in cash and issued 36,000 warrants, with each warrant entitling the holder to acquire one common share at a price of CAD 0.075 over a period of 24 months from the closing. All securities issued pursuant to this offering are subject to a four month and one day hold period, ending on August 7, 2022, in accordance with applicable Canadian securities legislation. 공지 • Sep 25
AM Resources Corp. announced that it expects to receive CAD 3 million in funding AM Resources Corp. announced a private placement of 3,000 convertible debenture units at a price of CAD 1,000 per unit for gross proceeds of up to CAD 3,000,000 on September 24, 2021. Each convertible debenture unit will be comprised of CAD 1,000 principal amount unsecured convertible debenture and 10,000 common share purchase warrants. The debentures will mature on the date that is 36 months from the date of issuance and shall bear interest at a simple rate of 10% per annum payable on the maturity date. The principal amount of the debentures, or any portion thereof, may be converted at the election of the holder thereof into common shares at a conversion price of CAD 0.10 per share at any time prior to the maturity date. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.15 per share for a period of 36 months from the closing date. The company may pay finder fees in connection with the transaction. The convertible debenture units, debentures, warrants, and any securities issuable upon conversion or exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance. The transaction is subject to approval by the TSX Venture Exchange. Director Overboarding • Aug 17
Director Wayne Isaacs has joined 4th company board Wayne Isaacs has been appointed to the board of ZEB Nickel Corp. (TSXV:ZBNI). Isaacs now sits on a total of 4 company boards. With 4 board positions including the role of CEO at ZEB Nickel Corp. (TSXV:ZBNI), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Reported Earnings • May 07
Full year 2020 earnings released: CA$0.009 loss per share (vs CA$0.021 loss in FY 2019) Full year 2020 results: Net loss: CA$561.3k (loss narrowed 56% from FY 2019). 공지 • Mar 14
David Grondin acquired of 24% stake in AM Resources Corp. (TSXV:AMR) . David Grondin acquired of 24.5% stake in AM Resources Corp. (TSXV:AMR) on March 12, 2021.
David Grondin completed the acquisition of 24.5% stake in AM Resources Corp. (TSXV:AMR) on March 12, 2021. 공지 • Mar 11
AM Resources Corp. announced that it has received CAD 1.3 million in funding On March 9, 2021, AM Resources Corp. (TSXV:AMR) closed the transaction. Certain insiders of the company subscribed for a total of 2,875,000 units. All securities issued are subject to a statutory hold period of four months plus one day. The company paid a finder’s fees of CAD 7,080 and issued 90,000 non-transferable compensation finder’s warrants entitling the holder thereof to purchase one share at an exercise price of CAD 0.05 per share until the warrant expiry date. 공지 • Feb 18
AM Resources Corp. announced that it expects to receive CAD 1.3 million in funding AM Resources Corp. (TSXV:AMR) announced a non-brokered private placement of 32,500,000 units at a price of CAD 0.04 per unit for gross proceeds of CAD 1,300,000 on February 17, 2021. Each Unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of CAD 0.05 per warrant for a period of two years from the date the units are issued. The pricing is based on the temporary relief measures established by the TSXV on April 8, 2020, and extended September 16, 2020. A finder's fee in cash or shares may be paid to eligible finders in relation to this financing. The transaction is subject to approval by the TSX Venture Exchange.