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 Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$7.6k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Significant insider selling over the past 3 months (AU$552k sold). Market cap is less than US$100m (AU$59.3m market cap, or US$42.7m). Board Change • May 01
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 Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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 Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 27
Eclipse Metals Limited, Annual General Meeting, Nov 27, 2025 Eclipse Metals Limited, Annual General Meeting, Nov 27, 2025. Aankondiging • Oct 13
Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,333,334
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
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 Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 10
Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 28
Eclipse Metals Ltd Announces Retirement of Rodney Dale as Director, Effective 31 January 2025 Eclipse Metals Ltd. announced that Mr. Rodney Dale has retired from active service and has resigned as a director of the company, effective 31 January 2025. Mr. Dale's contribution and experience over the last 12 years has been invaluable to the growth and development of the company. Aankondiging • Jan 07
Eclipse Metals Limited Appoints Alfred Gillman as Non-Executive Director On January 7, 2025, Eclipse Metals Ltd. announced that Mr. Alfred Gillman has been appointed Non-executive Director of the Company. Mr. Gillman has over 40 years' experience specialising in exploration, mineral asset valuation and resource estimation with an extensive knowledge of gold, base metal, diamonds, rare earths, battery minerals and uranium deposits around the world with a proven track record of exploration success and project development. Mr. Gillman graduated with Honours from the University of Western Australia. He is a Fellow and Chartered Professional (Geology) of the Australasian Institute of Mining and Metallurgy (AusIMM) and is recognized as a Competent Person (JORC 2012) and a Qualified Professional (NI43-101). Throughout his career, Mr. Gillman has held senior management roles and directorships in publicly listed companies. He has led exploration and development teams at several major international firms and played a pivotal role in feasibility studies and project acquisitions. Since 2008, Mr. Gillman has consulted for the resources industry, accumulating extensive experience across Australia, the United States, Canada, Africa, Europe, Turkey, Central Asia, South America, Southeast Asia, China, and Russia. Aankondiging • Dec 12
Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.143928 million. Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.143928 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 571,963,881
Price\Range: AUD 0.002
Transaction Features: Rights Offering Aankondiging • Oct 01
Eclipse Metals Limited, Annual General Meeting, Nov 12, 2024 Eclipse Metals Limited, Annual General Meeting, Nov 12, 2024. Reported Earnings • Sep 18
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2023) Full year 2024 results: EPS: AU$0 (improved from AU$0.001 loss in FY 2023). Net loss: AU$1.30m (loss narrowed 48% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.5m (US$8.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.3m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m (AU$12k revenue, or US$7.6k). Market cap is less than US$10m (AU$13.5m market cap, or US$8.85m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Mar 19
First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023) First half 2024 results: EPS: AU$0 (in line with 1H 2023). Net loss: AU$981.3k (loss widened 29% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. New Risk • Mar 16
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$1.3m 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$1.3m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m (AU$12k revenue, or US$7.6k). Market cap is less than US$10m (AU$12.5m market cap, or US$8.17m). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Aankondiging • Mar 15
Eclipse Metals Limited Announces Company Secretary Changes Eclipse Metals Limited announced that Mr. Matthew Foy has resigned as Company Secretary. The company has appointed Mr. Sebastian Andre as Company Secretary who is a Chartered Secretary with over 14 years' experience in corporate advisory, governance, compliance, and risk services. He holds qualifications in accounting, finance and corporate governance and is a member of the Governance Institute of Australia. New Risk • Feb 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% 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 (25% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$13k revenue, or US$8.1k). Market cap is less than US$10m (AU$14.5m market cap, or US$9.41m). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). New Risk • Feb 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.4m (US$9.42m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$13k revenue, or US$8.2k). Market cap is less than US$10m (AU$14.4m market cap, or US$9.42m). Aankondiging • Nov 25
Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.15 million. Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,750,000
Price\Range: AUD 0.008
Transaction Features: Subsequent Direct Listing Board Change • Oct 12
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. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Ibrar Idrees was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 20
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (in line with FY 2022). Net loss: AU$2.50m (loss widened 89% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 11
Eclipse Metals Limited, Annual General Meeting, Nov 08, 2023 Eclipse Metals Limited, Annual General Meeting, Nov 08, 2023. New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (AU$6.3k revenue, or US$4.2k). Minor Risks Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Market cap is less than US$100m (AU$34.5m market cap, or US$23.0m). Reported Earnings • Mar 15
First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022) First half 2023 results: EPS: AU$0 (in line with 1H 2022). Net loss: AU$762.8k (loss widened 25% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Reported Earnings • Sep 25
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2021) Full year 2022 results: AU$0.001 loss per share (further deteriorated from AU$0 in FY 2021). Net loss: AU$1.32m (loss widened 110% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 122% per year, which means it is well ahead of earnings. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0 (vs AU$0 in 1H 2021). Net loss: AU$608.4k (loss widened 293% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 06
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. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Ibrar Idrees was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Jun 02
Independent Non-Executive Director has left the company On the 31st of May, Pedro Kastellorizos' tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Pedro's name. Pedro is the only executive to leave the company over the last 12 months. Reported Earnings • Sep 30
Full year earnings released - AU$0.0003 loss per share Over the last 12 months the company has reported total losses of AU$319.1k, largely unchanged from the prior year. 