New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€22.9m market cap, or US$26.7m). 공시 • May 28
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing 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 Jane Law 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. 공시 • Jan 14
Pure Resources Limited Announces Appointment of Martin Helean as Non-Executive Director and Resignation of Allister Caird as Non-Executive Director, Effective January 14, 2026 Pure Resources Limited announced that Mr. Martin Helean has been appointed as a Non-Executive Director of the Company, effective January 14, 2026. Mr. Helean brings over 30 years of senior management experience across the mining, exploration, manufacturing and construction sectors, both in Australia and internationally. He is highly skilled in contract negotiations and is recognised for driving lean, efficient operations that deliver measurable commercial outcomes. Mr. Helean has a strong focus on strategic execution, with a proven ability to translate business objectives into actionable plans that foster sustainable growth and performance. He currently serves as Managing Director and Chief Executive Officer of Great Dirt Resources Ltd, and as Non-Executive Chairman of Oceana Metals Ltd. The Company also announced that Mr. Allister Caird has resigned as a Non-Executive Director, effective January 14, 2026. 공시 • Dec 16
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Oct 03
Pure Resources Limited, Annual General Meeting, Nov 12, 2025 Pure Resources Limited, Annual General Meeting, Nov 12, 2025. 공시 • Oct 19
Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.350128 million. Pure Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.350128 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,405,424
Price\Range: AUD 0.1
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,095,860
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering 공시 • Sep 19
Pure Resources Limited, Annual General Meeting, Nov 14, 2024 Pure Resources Limited, Annual General Meeting, Nov 14, 2024. New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€2.43m market cap, or US$2.63m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Jane Law 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. 공시 • Apr 30
United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million. United Lithium Corp. (CNSX:ULTH) acquired Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) for AUD 0.19 million on April 29, 2024. The consideration also includes, 2% royalty on returns from the commercial production of minerals from Kast and Kova. The transaction also includes the acquisition of Kast Reservation and Kova Reservation in Finland. The transaction is approved by the Board of Pure Resources Limited.
United Lithium Corp. (CNSX:ULTH) completed the acquisition of Pr1 Finland Oy from Pure Resources Limited (ASX:PR1) on April 29, 2024. New Risk • Sep 18
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: -AU$1.7m 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 (-AU$1.7m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (€5.54m market cap, or US$5.91m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.3% average weekly change). 공시 • Sep 08
Pure Resources Limited, Annual General Meeting, Oct 30, 2023 Pure Resources Limited, Annual General Meeting, Oct 30, 2023. Agenda: To consider the re-election and appointment of the directors.