New Risk • May 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). High level of non-cash earnings (29% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.25m market cap, or US$3.86m). Aankondiging • Dec 29
Richmond Minerals Inc., Annual General Meeting, Mar 04, 2026 Richmond Minerals Inc., Annual General Meeting, Mar 04, 2026. Board Change • Jun 06
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). CEO & Director Franz Kozich-Koschitzky is the most experienced director on the board, commencing their role in 2005. Independent Director Peter Lukesch was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • May 08
New major risk - Revenue and earnings growth Earnings have declined by 4.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$217k free cash flow). Shares are highly illiquid. Earnings have declined by 4.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$905.3k market cap, or US$652.5k). Board Change • Apr 11
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). CEO & Director Franz Kozich-Koschitzky is the most experienced director on the board, commencing their role in 2005. Independent Director Peter Lukesch was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). CEO & Director Franz Kozich-Koschitzky is the most experienced director on the board, commencing their role in 2005. Independent Director Peter Lukesch was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Aankondiging • Oct 25
Richmond Minerals Inc., Annual General Meeting, Dec 23, 2024 Richmond Minerals Inc., Annual General Meeting, Dec 23, 2024. New Risk • Oct 02
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$455k 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$455k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.09m market cap, or US$805.6k). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Mar 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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 (CA$1.45m market cap, or US$1.07m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Aankondiging • Mar 20
Richmond Minerals Inc. announced that it has received CAD 0.34 million in funding from KNP Group Inc and other investors On March 20, 2024, Richmond Minerals Inc. closed the transaction. The company issued 6,800,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 340,000. The transaction included participation from new investor, KNP Group Inc. acquiring 4,000,000 common shares, representing approximately 11% of the issued and outstanding shares of the company and other investors. Aankondiging • Feb 10
Richmond Minerals Inc. announced that it expects to receive CAD 0.34 million in funding Richmond Minerals Inc. announced a non-brokered private placement of 6,800,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 340,000 on February 9, 2024. The transaction is subject to the approval of the TSX Venture Exchange. Aankondiging • Feb 09
Richmond Minerals Inc. Provides an Update for Exploration Work At the Ridley Lake Gold Project Richmond Minerals Inc. provided an update for exploration work at the Company’s Ridley Lake Gold Project (the “Property”) located in the west central area of the Swayze Greenstone belt approximately 35 kilometres east of Newmont's Borden Gold Project. As reported in 2015 and 2016 IP and Magnetic surveys were successful in identifying well-defined geophysical anomalies characterized by high chargeability and resistivity with prominent coincidental magnetic anomalies (the “Aguara East anomalies”), having a northeast orientation and a strike length in excess of 825 metres. Modelling of the data obtained from the July 2015 and November 2016 combined surveys identified multiple targets at vertical depths down to the IP survey limit of approximately 200 metres. Drill testing of these IP/Mag targets in the Aguarra Zone in 2017 and 2020 yielded drill intersections hi-lighted by 18.3 g/t gold over 3 m in hole RS-20-33 (from 329m to 332m) and 0.33 g/t gold over 136 m in hole RS-17-30. In December 2023 the Company completed 17.15 km of Spectral Induced Polarization (IP)/Resistivity (dipole-dipole, a=50 m, n= 1 to 6) and Magnetic surveys (the "Survey") to test for anomalous responses at the Cyril Knight Zone located approximately 800 m due north of the Aguara Zone. Overall the IP/Resistivity Survey of the CK Grid resulted in unusual discoveries. The contour map apparent chargeability (mV/V), derived from the of the combined data of the CK, Agaura East and, Agaura West Grids, show two, markedly different apparent chargeability regimes. The southern Regime IP-A, that covers the Agaura East and Agaura West grids is characterized by northwest striking, discrete, well defined IP anomalous trends, as opposed to the northern Cyril Knight Zone Regime IP-B where the anomalous responses are broad and continuous along almost entire survey lines. Specifically seven IP anomalous horizons were identified within the IP-B regime. The trends are sub-parallel and confirm with the northeast trending geology. The Trends are identified Trends RW-1, RW-4, RW-5, RIP-6 and the discontinuous RW-7. The significant trend is RW-1, and may form the westerly continuation of the of Trend RIP-1A of the Aguara East Grid and is centered about the Cyril Knight Grid base line 0 extending to L600W located between Lines 75W and 150W. The trend is associated with apparent resistivities exciding 10,000 ohm-m and is suggestive of possible strong alteration within this area of the Property. The prominent apparent chargeability anomalous trend identified as RW-5 extends from L225W to L750W and is found within the northern area of the grid, and may represent the extension of Trend RIP-5 of the Aguara East Grid. RW-5 is characterized by apparent resistivities of 1,000 ohm-m or lower. Further west of L750W the signatures become complex and imply the depth of these wide source(s) may be 100 m or greater. Trend RW-6 consists of anomalous IP responses that were observed at dipole separations n=8 and n=9, and are indicative of deeper sources. The associated resistivities here exceed 10,000 ohm-m and may also be associated with strong alteration. It is noted the wide anomalous IP responses with larger dipole separations (n=7, 8 and 9) at L900W may be in part of the northwesterly extension of RW-6. Trend RW-7 is detected intermittently at larger dipole separations indicating greater depths to the sources. The trend is located between Trend RW-5 in the north and RW-1 on the south and is well defined along Lines 525W 375W and 300W. Significantly, the associated apparent resistivities are more than 10,000 ohm-m. Company management believe this trend is very promising and worthy of follow-up drill testing. Trend RW-4 is noted in pseudo-sections from L75W to L375W. It is characterized by apparent chargeabilities exceeding 10 mV/V. RW-4 is the westerly extension of RIP-6 of the East grid. A formational source is suspected and is of no further interest for the time being. Multiple drill hole collar locations have been recommended for follow-up testing of these new targets and plans are underway for the resumption of drilling in the late winter and early spring of 2024. Aankondiging • Jul 18
Richmond Minerals Inc., Annual General Meeting, Sep 25, 2023 Richmond Minerals Inc., Annual General Meeting, Sep 25, 2023. Aankondiging • Jul 12
Richmond Minerals Inc. (TSXV:RMD) acquired Nine mineral exploration claims in the Rollo Township area of north central Ontario for CAD 0.00 million. Richmond Minerals Inc. (TSXV:RMD) acquired Nine mineral exploration claims in the Rollo Township area of north central Ontario for CAD 0.00 million on July 10, 2023. As part of the consideration, 0.15 million of treasury shares were issued to the vendors which is subject to 4 month hold period.Richmond Minerals Inc. (TSXV:RMD) completed the acquisition of Nine mineral exploration claims in the Rollo Township area of north central Ontario on July 10, 2023. Aankondiging • Jun 22
European Lithium Limited (ASX:EUR) Completed the acquisition of Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD). European Lithium Limited (ASX:EUR) executed a binding Heads of Agreement to acquire Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD) for AUD 0.376 million on March 27, 2023. European Lithium will pay or issue AUD 0.25 million in cash, 2 million fully paid ordinary shares in European Lithium and 2 million unlisted options (AUD 0.12 each which expire 3 years from the date of issue) to be issued. The Completion of the Acquisition is conditional upon: Completion of due diligence within 3 months unless mutually agreed otherwise, The parties obtaining all necessary shareholder, regulatory and third party approvals required to complete the Acquisition, European Lithium incorporating a new Austrian entity, and Other conditions considered customary for a transaction of this nature. The transaction is subject to satisfaction or waiver of the conditions precedent, settlement is expected to occur on or before July 7, 2023.
European Lithium Limited (ASX:EUR) Completed the acquisition of Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD) on June 21, 2023.Transaction was completed after a completion of satisfactory Due Diligence process. Board Change • Jun 14
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. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Lee Bowles was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 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. 1 experienced director. 5 highly experienced directors. Director Thomas Brunner was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 18
Richmond Minerals Inc. Provides Exploration Results for its August 2022 Field Reconnaissance Campaign Completed at its Bretstein Lithium Project Located in Styria Mining District of Central Austria, Europe Richmond Minerals Inc. provided exploration results for its August 2022 field reconnaissance campaign completed at the company’s Bretstein lithium project located in the Styria mining district of Central Austria, Europe. The Bretstein project consists of 191 licenses (Freischürfe) covering an area of 89.2 km and is located close to the Company’s Oberzeiring Polymetallic project. Specifically the field reconnaissance campaign consisted of prospecting and sampling of pegmatite outcrops and boulders with spodumene mineralization within the Project area. Given its size, the Project has been divided into areas referred to as the Hirnkogel, Keckgraben, and Scharnitzalm areas. Geology of the Hirnkogel area consists of amphibolites, schists, and marble bedrock formations hosting pegmatite veins. Grab samples from pegmatite outcrops returned values ranging from <0.005% to 2.67%. The pegmatite dikes and lenses in the Hirnkogel area look very similar in structure and mineralogy and detailed mapping of the area should clarify the overall geometry of the pegmatite bodies, their structures and possible extensions. Refer to the table below for all sampling details. The Keckgraben area is located approximately 6 km east of the Hirnkogel area and geologically is very similar to the Hirnkogel area. Keckgraben consists mainly of marble country rock hosting pegmatite veins and lenses having thicknesses up to one meter and containing spodumene crystals within these veins up to 2 cm in length. Grab samples of this material returned Li2O values up to 0.67% (which may have been diluted due to surface weathering, given the presence of larger spodumene crystals usually resulting in higher Li2O values). Detailed mapping of that area should also provide further details about lateral extensions and structures. The Scharnitzalm area is located approximately 4 km west of the Hirnkogel area and consists of interbedded gneisses, schists, dolomites, with pegmatite lenses and dikes. These pegmatites can reach widths up to 2 m, and contain spodumene crystals up to 6 cm in length. Assay results for grab samples from these Scharnitzalm pegmatites returned Li2O values up to 1.56%. The pegmatite veins are hosted by gneisses/schists, concordant to the foliation, so they are very similar to other (mica-) schist hosted spodumene pegmatites in the Austrian Alps, e.g. mica schist hosted pegmatite veins at the European Lithium Wolfsberg Lithium Project, located approximately 80 km away, which is expected to be the first licensed lithium mine in Europe. The next exploration steps planned are detailed mapping at the Hirnkogel, Keckgraben, and Scharnitzalm sub-areas with a focus on the structural trends and possible extensions of the pegmatite veins/lenses to define targets for future drill campaigns together with landowner engagement. Field reconnaissance work for Richmond’s two additional lithium projects at Klementkogel and Wildbachgraben is also planned this winter. Aankondiging • Oct 14
Richmond Minerals Inc. (TSXV:RMD) acquired 364 exploration licenses. Richmond Minerals Inc. (TSXV:RMD) acquired 364 exploration licenses on October 12, 2022.
Richmond Minerals Inc. (TSXV:RMD) completed the acquisition of 364 exploration licenses on October 12, 2022. Aankondiging • Sep 20
Richmond Minerals Inc., Annual General Meeting, Nov 30, 2022 Richmond Minerals Inc., Annual General Meeting, Nov 30, 2022. Aankondiging • Apr 12
Richmond Minerals Inc. (TSXV:RMD) agreed to acquire PORTFOLIO OF CRTITCAL METAL AND GOLD PROPERTIES IN CENTRAL EUROPE from High Grade Metals Limited. Richmond Minerals Inc. (TSXV:RMD) agreed to acquire PORTFOLIO OF CRTITCAL METAL AND GOLD PROPERTIES IN CENTRAL EUROPE from High Grade Metals Limited on April 11, 2022. In related transaction Richmond Minerals Inc has made a one-time cash payment of EUR 30,000 to the vendor, High Grade Metals Ltd to acquire a 100% interest in the licenses. Aankondiging • Jan 06
Richmond Minerals Inc. announced that it has received CAD 0.1291 million in funding On January 5, 2022, Richmond Minerals Inc. closed the transaction. The company issued 2,151,666 million flow-through units at a price of CAD 0.06 per FT Unit for proceeds of CAD 129,100 in the transaction. The company paid finder's fees of CAD 6,000 in cash and issued 100,000 finder warrants. The Finder's Warrants are exercisable at a price of CAD 0.06 per share for a period of two years. The transaction included participation from an insider of the company for an aggregate of 300,000 units. Aankondiging • Dec 24
Richmond Minerals Inc. announced that it expects to receive CAD 0.18 million in funding Richmond Minerals Inc. announced a non-brokered private placement of up to 3,000,000 flow through units at a price of CAD 0.06 per unit for gross proceeds of CAD 180,000 on December 23, 2021. Each flow through unit consists of one common share and one-half of one common share purchase flow through warrant. Each whole flow through warrant will entitle the holder to purchase one additional common share at CAD 0.10 per share for a period of 24 months from the date of closing. The securities issued and issuable pursuant to the transaction will be subject to a four month and one day statutory hold period. Aankondiging • Aug 26
Richmond Minerals Inc. Provides an Update for On-Going Fieldwork At the Oberzeiring Polymetallic Project Located in the Styria Mining District of Central Austria Richmond Minerals Inc. provided an update for on-going fieldwork at the Company's Oberzeiring Polymetallic Project (the "Project") located in the Styria mining district of central Austria. Grab sampling during recent prospecting and mapping have identified two newly mineralized areas. The first is located on the southwest side of Mount Gerschkogel at an elevation of 1,231 m and consists of ancient mine tailings with associated underground adits occupying an area of approximately 7 ha. The age of these workings is unknown. Adits were in excellent condition allowing for geologists to collect underground chip samples of observed mineralized vein systems within the adits. Additionally one sample was taken at a prominent tailings pile in front of an old mine portal. The second location of the sampling campaign was in adits of the Matthiasbaue medieval mine east of the town of Oberzeiring. Rock chip samples (samples 14569 to 14573) were collected at several underground locations in the observed vein systems. Chip samples were sent to the ALS Laboratory in Ireland for analysis using multi-Element Super Trace (ME-MS41L). Sample 14569 and 14573 had more than 1 % Pb and were analysed using method Pb-OG62. Sample 14569 was analysed for silver using method OG46. The geochemical data indicates at least 2 different (Pb-Zn) mineralization types. The high grade type is associated with enriched lead, zinc, silver and antimony. Random chip samples of this type reach silver contents up to 131 ppm, lead content of 7.51 %, and antimony values in excess of 10,000 g/tonne. The low grade type shows lead values up to 3880 ppm lead but zinc enrichments up to 8740 ppm. Also of significance is that the latest underground sampling results continue to confirm data reported in historical reports. Next Steps to be done in September/October 2021: Further detailed underground mapping of Matthiasbaue; Re-evaluation of existing geophysical exploration results; Development of a preliminary 3 D Model of Purgstallofen area; Definition of targets for drilling; Establishment of strong stakeholder relationships according to Richmond´s CSR ethics. Aankondiging • Dec 13
Richmond Minerals Inc. Announces the Resumption of Drilling at the Ridley Lake Gold Project Richmond Minerals Inc. announced that Phase IV diamond drilling will resume at the company's Ridley Lake Gold Project located in the heart of the Swayze Greenstone Belt area of Northern Ontario, approximately 35 km east of Newmont Goldcorp's Borden Gold Project. Richmond is planning on drilling up to 3,000 m in this phase of drilling to test Aguara West Extension IP targets identified during winter 2018 geophysical surveying. Hi-lights of previous drilling in the Aguara Central Zone include 33 m of 1.26 g/t gold in hole RS-16-20, and 136 m of 0.31 g/t gold in hole RS-17-30. Aankondiging • Dec 03
Richmond Minerals Inc. announced that it has received CAD 0.115 million in funding On December 1, 2020, Richmond Minerals Inc. (TSXV:RMD) closed the transaction. The company has issued 249,999 flow through units amounting CAD 15,000 in its second tranche. The company has raised CAD 115,000 in the transaction. Aankondiging • Oct 16
Richmond Minerals Inc. Provides Update for Exploration Work At the Ridley Lake Gold Project Richmond Minerals Inc. provided an update for exploration work at the Company's Ridley Lake Gold Project (the "Property") located in the west central area of the Swayze Greenstone belt approximately 35 kilometers east of Newmont's Borden Gold Project. The Company has been granted a one year exclusion of time request from the Ontario Ministry of Energy, Northern Development and Mines for the Ridley Lake Property claims. Exploration work will now resume on or about the first week of November and will include Phase IV diamond drilling of the Aguara West geophysical targets identified in the fall 2018 exploration program. Some high lights from previous diamond drilling at the Ridley Property include 33 m of 1.26 g/t gold in hole RS16-20, 136 m of 0.31 g/t gold in hole RS17-30, and 126 m of 0.25 g/t gold in hole RS17-31. Specifically the proposed 3,000 m diamond drilling program in the Aguara West zone will test the significant trend identified as RW-1, which appears to be the extension of the Aguara East IP Anomaly that was the focus of the first three phases of diamond drilling. This phase of drilling will also target Trend RW-5 consisting of a prominent chargeability anomaly initially identified in the northwestern part of the survey grid. Both of these trends are associated with apparent resistivities that are 10,000 ohm-m or lower and are suggestive of strong quartz carbonate alteration with possible gold mineralization, and have no history of diamond drilling. Aankondiging • Oct 01
Richmond Minerals Inc. Auditor Raises 'Going Concern' Doubt Richmond Minerals Inc. filed its Annual on Sep 28, 2020 for the period ending May 31, 2020. In this report its auditor, Wasserman Ramsay, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Aankondiging • Jul 17
Richmond Minerals Inc. announced that it has received CAD 0.8 million in funding On July 14, 2020, Richmond Minerals Inc. (TSXV:RMD) closed the transaction. Certain directors and officers of the company subscribed for 194,000 units. The transaction involved participation from Gregor K. Emmert has ownership, direction or control over 18,877,320 common shares, representing 20.34% of the company's common shares on a partially diluted basis. Prior to the acquisition of the units, Gregor K. Emmert had ownership, direction or control over 8,877,320 common shares, representing 8.15% of the company's common shares on a partially diluted basis. 