Board Change • May 20
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 Alvin Jackson was the last independent director to join the board, commencing their role in 2002. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • May 19
Canasil Resources Inc., Annual General Meeting, Jul 21, 2026 Canasil Resources Inc., Annual General Meeting, Jul 21, 2026. Location: british columbia, vancouver Canada 공시 • Jan 21
Canasil Resources Inc. announced that it has received CAD 0.5 million in funding On January 20, 2026. Canasil Resources Inc. announces that it has closed the transaction. There will be no warrants included in this placement and the Company has not paid a commission or finders’ fee on the proceeds. Certain insiders and existing shareholders have participated in this placement. Insiders of the Company subscribed for a total of 2,500,000 Shares. 공시 • Jan 14
Canasil Resources Inc. to Advance Its Gold-Silver-Copper Project Portfolio in British Columbia, Canada, and in Durango and Zacatecas States, Mexico Canasil Resources Inc. provided an overview of its plans for 2026, looking forward to opportunities to advance its Gold-Silver-Copper project portfolio in British Columbia, Canada, and in Durango and Zacatecas States, Mexico. The La Esperanza project is ideally located in the heart of the Durango-Zacatecas silver belt, 100 km south-southeast of the city of Durango, close to major producing silver mines and deposits such as Pan American Silver's La Colorada mine and Fresnillo PLC's Fresnillo mine. Canasil has completed past diamond drilling of 11,500 metres in 44 drill holes on the main La Esperanza vein and identified consistent high-grade gold-silver-lead-zinc mineralization over significant widths, e.g. ES-17-19 with 12.97 m (True width 'TW' 11.23 m) of 219 g/t silver (Ag), 0.93% Zinc (Zn) and 0.43% lead (Pb), including 1.28 m (TW 1.11 m) of 6.39 g/t gold (Au), 1,281 g/t Ag, 2.23% Zn and 1.25% Pb. The currently drill tested mineralized envelope extends over a strike length of 525 metres and to a depth of 350 metres from surface and is open in all directions and to depth. Airborne geophysics, including ZTEM and satellite surveys indicate extension of the La Esperanza vein system over a potential strike distance of 5 kilometres. Canasil is preparing detailed exploration plans, including diamond drilling, to test the La Esperanza vein system and will be applying for the drill permits without delay in first quarter of 2026. The La Esperanza project covers a large area with multiple silver-gold-base metal epithermal vein occurrences, similar to that seen at other recent discoveries of large mineralized systems in and around Durango State, Mexico. Durango, Mexico - the project has an excellent location, only 35 kilometres from the Durango city centre, on trend with and with similar geology to major silver-copper-zinc deposits and past producing mines such as Discovery Silver's Cordero deposit and the San Martin-Sabinas past producing mine complex. The project has undergone systematic comprehensive exploration programmes including airborne and ground geophysics, extensive surface sampling and geological mapping and drilling with 17,980 metres of diamond drilling completed in 35 drill holes. Excellent drill results include SA-14-15-15. 공시 • Jan 13
Canasil Resources Inc. announced that it expects to receive CAD 0.5 million in funding Canasil Resources Inc. announced a private placement for a total 10,000,000 shares at an issue price of CAD 0.05 per share for gross proceeds of CAD 500,000 on January 12, 2026. There will be no warrants included in this placement and the company may pay a commission or finder's fee on part of the proceeds. Certain insiders and existing shareholders will participate in this placement. The company anticipates closing of this placement as soon as possible and before January 23, 2026. 공시 • Jun 10
Canasil Resources Inc., Annual General Meeting, Aug 07, 2025 Canasil Resources Inc., Annual General Meeting, Aug 07, 2025. Location: british columbia, vancouver Canada 공시 • Apr 04
Canasil Resources Listing Transfer from Tier 2 to NEX In accordance with TSX Venture Policy 2.5, Canasil Resources Inc. (the ‘Company’) has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on April 5, 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 Vancouver to NEX. As of April 5, 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 CLZ to CLZ.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 Exchange bulletin issued December 6, 2023, trading in the shares of the Company will remain suspended. New Risk • Jun 17
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$704k 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$704k free cash flow). Share price has been highly volatile over the past 3 months (45% average daily change). Negative equity (-CA$80k). Earnings have declined by 7.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.90m market cap, or US$2.08m). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Board Change • May 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. 4 experienced directors. 4 highly experienced directors. Advisor to the Board Iain MacPhail was the last 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: Insufficient board refreshment. 공시 • Feb 02
Silver Viper Minerals Corp. (TSXV:VIPR) canceled the acquisition of Canasil Resources Inc. (TSXV:CLZ). Silver Viper Minerals Corp. (TSXV:VIPR) entered into a non-binding letter of intent to acquire Canasil Resources Inc. (TSXV:CLZ) for CAD 6.6 million on November 6, 2022. The LOI provides that the proposed transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (British Columbia) pursuant to the terms of a definitive arrangement agreement to be negotiated and entered into by Silver Viper and Canasil. Pursuant to the Arrangement, Silver Viper will acquire all of the outstanding Canasil Shares on the basis that shareholders of Canasil will receive one (1) common share of Silver Viper for every four (4) Canasil Shares held. Prior to completion of the Arrangement, Silver Viper will be required to complete a financing for gross proceeds of at least CAD 1 million and Canasil will be required to complete a financing for gross proceeds of at least CAD 0.26 million. At closing of the proposed transaction, Canasil will have the right to nominate one member to the board of directors of Silver Viper. Silver Viper and Canasil expect to negotiate and execute the definitive agreement on or before December 20, 2022. In case of termination, Canasil will pay Silver Viper a CAD 0.5 million termination fee.
The closing of the proposed transaction will be subject to Canasil board approval, Silver Viper's satisfactory completion of due diligence of Canasil; the negotiation of the definitive agreement and other final documentation; Canasil shareholder approval; completion of additional financings by each of Canasil and Silver Viper; and court, corporate and regulatory approvals, including the approval of the TSX Venture Exchange. The board of directors of Canasil has appointed an independent special committee to review, negotiate and recommend for approval (if appropriate) the proposed transaction to the board of directors. As of December 21, 2022, the parties have amended the letter of intent to extend the outside date to enter into a definitive agreement in respect of the proposed transaction from December 20, 2022 until January 31, 2023.
Silver Viper Minerals Corp. (TSXV:VIPR) canceled the acquisition of Canasil Resources Inc. (TSXV:CLZ) on February 1, 2023. Canasil and Silver Viper mutually agreed not to proceed with the transactions contemplated by the LOI. Board Change • Nov 16
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. 4 experienced directors. 4 highly experienced directors. Advisor to the Board Iain MacPhail was the last 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: Insufficient board refreshment. Board Change • Apr 27
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. 4 experienced directors. 4 highly experienced directors. Advisor to the Board Iain MacPhail was the last 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: Insufficient board refreshment.