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 Non-Executive Director Peter Walker was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 21
Horseshoe Metals Limited, Annual General Meeting, May 20, 2026 Horseshoe Metals Limited, Annual General Meeting, May 20, 2026. Location: at level 1, 34 king st, perth wa Australia 공시 • Jul 02
Horseshoe Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.851 million. Horseshoe Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.851 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,523,810
Price\Range: AUD 0.021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: AUD 0.021
Transaction Features: Subsequent Direct Listing 공시 • Apr 30
Horseshoe Metals Limited, Annual General Meeting, May 29, 2025 Horseshoe Metals Limited, Annual General Meeting, May 29, 2025. Location: at level 2, 50 kings park rd, west perth wa 6005 Australia 공시 • Mar 30
Horseshoe Metals Limited announced that it expects to receive AUD 4 million in funding from Obsidian Metals Group Pty Ltd Horseshoe Metals Limited announced that it has entered into a secured convertible loan agreement for the gross proceeds of up to AUD 4,000,000 on March 28, 2025. The transaction will include participation from Obsidian Metals Group Pty Ltd. The loan will have a coupon rate of 12% per annum and will be repayable within three (3) years of the date of execution of the agreement. The loan may be converted to fully paid ordinary shares in the Company at the Lender’s election, at the higher of the 5-day VWAP of the Company’s securities or AUD 0.02 per share. New Risk • Aug 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% 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 (-AU$1.9m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-AU$561k). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m (AU$8.6k revenue, or US$5.7k). Market cap is less than US$10m (€3.20m market cap, or US$3.50m). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). 공시 • Apr 30
Horseshoe Metals Limited, Annual General Meeting, May 30, 2024 Horseshoe Metals Limited, Annual General Meeting, May 30, 2024, at 11:00 W. Australia Standard Time. Location: Level 2, 50 Kings Park Road West Perth Australia Agenda: To adopt Remuneration Report; to re-elect of Director Ms Kate Stoney; to elect Director Mr Seldon Mart; to approve 10% Placement Facility; to approve replacement of Constitution; and to approve Employee Securities Incentive Plan. Reported Earnings • Mar 30
Full year 2023 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.002 loss per share (improved from AU$0.004 loss in FY 2022). Net loss: AU$1.29m (loss narrowed 45% from FY 2022). Board Change • Dec 21
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 Non-Executive Director Alan Still was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 14
Horseshoe Metals Limited Announces Board Changes Horseshoe Metals Ltd. announced the appointment of Mr. Seldon Mart as a Non-Executive Director of the Company with immediate effect. Mr. Mart is a highly qualified geologist with over 35 years' experience in resource evaluation, project development and mine management roles across Australia and internationally. Seldon is a Fellow of the Australasian Institute of Mining and Metallurgists and holds the degree of Master of Science (Geology) from Curtin University. Mr. Mart is principal of an international geological and environmental consulting firm and was the founder of MineMap Pty Ltd. Seldon was recently engaged as senior consulting hydrogeologist at the Ok Tedi Copper-Gold Mine in New Guinea and has previously held senior management roles at Griffin Mining Ltd, Mt Gibson Iron Ltd. and Tanami Gold NL. Mr. Mart's diverse experience and extensive technical skillset will complement the Board's existing expertise as it advances its high-grade copper direct shipping ore (DSO) strategy at its flagship Horseshoe Lights Copper-Gold Project in Western Australia. Mr. Mart will also provide valuable input as the Company evaluates other strategic copper opportunities in the region. Horseshoe additionally advises that Mr. Craig Hall has resigned as a Non-Executive Director of the Company with immediate effect. Reported Earnings • Sep 18
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.003 loss in 1H 2022). Net loss: AU$646.9k (loss narrowed 60% from 1H 2022). 공시 • May 20
Horseshoe Metals Limited Appoints Josh Merriman as Joint Company Secretary Horseshoe Metals Limited announced the appointment of Mr. Josh Merriman as Joint Company Secretary with immediate effect. Mr. Merriman is an experienced finance professional who has held positions with public and private companies across several sectors. Kate Stoney continues as Joint Company Secretary. For the purposes of ASX Listing Rule 12.6, the Company confirms that each of Ms Stoney and Mr. Merriman will be responsible for communication with ASX in relation to listing rule matters. 공시 • Feb 16
Horseshoe Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Horseshoe Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Board Change • Feb 23
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 Non-Executive Director Alan Still was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 