Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Karly Oliver 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. Aankondiging • Jun 12
Xplore Resources Corp. Announces Board Changes Xplore Resources Corp. announced the appointment of Garnet Ching as a director of the Company. Mr. Ching has over 15 years of professional experience across the full mineral resource cycle from grassroots exploration through to mine operations in orogenic gold, lithium pegmatite, and base metal systems. He currently serves as the Exploration Manager - Greenfields Discovery for Renegade Gold Inc. and has held senior technical roles as the Chief Mine Geologist for Hecla Mining Corp. - Keno Hill and Alexco Resource Corp; Senior Mine Geologist with TMAC Resources; and operational geology and exploration roles with SanGold Corp, Goldcorp Red Lake Gold Mines, and Avalon Advanced Materials. He is a registered Professional Geologist in Manitoba and Ontario and holds a Master of Science from the University of Manitoba focused on the intrusion dynamics of lithium pegmatites. The Company also announces that John Newell has resigned as a director of the Company. New Risk • May 30
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$361k 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$361k free cash flow). Shares are highly illiquid. Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.37m market cap, or US$1.72m). Aankondiging • Apr 08
Xplore Resources Corp., Annual General Meeting, Jun 04, 2026 Xplore Resources Corp., Annual General Meeting, Jun 04, 2026. Location: british columbia, vancouver Canada Aankondiging • Dec 20
Xplore Resources Corp Announces Resignation of Director Wesley Hanson Xplore Resources Corp. announced that Wesley Hanson has resigned as a director of the Company. Aankondiging • May 23
Xplore Resources Corp. Completes New High-Resolution Magnetic Survey Xplore Resources Corp. announced the completion of a new high-resolution airborne magnetic survey at its Surge Lithium Project in northwestern Ontario. The survey results show linear magnetic highs extending from the Green Technology Metals Root Bay lithium deposit and through the Xplore property. The trend extends for over 17 km on the Surge Project and is interpreted as iron formation and greenstone dismembered with abrupt magnetic breaks. These breaks match spatially with known pegmatites drilled by Green Technology Metals and may represent pegmatite intrusions, defining new high-priority targets for follow-up exploration. This new magnetic data provides greater definition of regional structures and highlights geological characteristics similar to those observed near pegmatites intersected at Green Technology Metals' Root Bay East drilling, adjacent to the Surge Project. Field crews are scheduled to mobilize this month to begin mapping and prospecting these new targets. Survey Highlights. A total of 476 line-kilometers were flown at 50 meter spacing over 214 hectares at the Surge Project. The new data was leveled and merged with existing high-quality magnetics, providing enhanced geological context across a broader 5,400 hectare area. Several structural features and magnetic discontinuities have been identified as priority targets for the 2025 field program. Aankondiging • Jan 28
Xplore Resources Corp., Annual General Meeting, Mar 27, 2025 Xplore Resources Corp., Annual General Meeting, Mar 27, 2025. Location: british columbia, vancouver Canada New Risk • Sep 27
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$2.8m 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$2.8m free cash flow). Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (232% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.86m market cap, or US$2.12m). Aankondiging • May 12
Xplore Resources Corp. announced that it has received CAD 2.105 million in funding On May 10, 2024, Xplore Resources Corp closed the transaction. The company issued 21,050,000 units at a issue price of CAD 0.10 per Unit for total gross proceeds of up to CAD 2,105,000. Each unit consists of one common share of the Company and one non-transferable share purchase warrant, with each warrant exercisable to acquire one additional common share of the Company for a period of two years from the date of issuance at a price of CAD 0.15 per share. Aankondiging • Apr 11
Xplore Resources Corp. announced that it expects to receive CAD 2 million in funding Xplore Resources Corp. announces a private placement of up to 20,000,000 units at a issue price of CAD 0.10 per Unit for total gross proceeds of up to CAD 2,000,000 on April 10, 2024. Each Unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from date of issue at a price of CAD 0.15 per share. The securities issued under the Placement will be subject to a hold period expiring four months and one day from the date of issue. The Company anticipates closing of the Placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals. Aankondiging • Jan 29
Xplore Resources Corp. Announces Director Changes Xplore Resources Corp. announced that Karly Oliver has been appointed a director of the Company. Ms. Oliver is a professional geologist with 15 years of mineral exploration experience in a diverse range of deposits throughout Canada, with a focus on project management and mineral resource delineation. Ms. Oliver is a technical consultant for several publicly listed mineral exploration companies, currently exploring for and advancing gold and battery metals projects in Canada and internationally. She is a Professional Geoscientist in British Columbia and holds a Bachelor of Science in Earth and Ocean Sciences from the University of British Columbia and a Geographic Information Systems Applications Specialist Graduate Certificate from Sir Sandford Fleming College. Picklu Datta has resigned as a director. New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 76% 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 Shares are highly illiquid. Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.57m market cap, or US$2.67m). Aankondiging • Dec 30
Xplore Resources Corp., Annual General Meeting, Feb 29, 2024 Xplore Resources Corp., Annual General Meeting, Feb 29, 2024. Aankondiging • Oct 31
Xplore Resources Corp. announced that it expects to receive CAD 1.5 million in funding Xplore Resources Corp. announced a private placement of up to 15,000,000 units at a price of CAD 0.10 per unit for total gross proceeds of up to CAD 1.5 million on October 30, 2023. Each unit will consist of one common share of and one non-transferable share purchase warrant, with each warrant exercisable to acquire one additional share for a period of two years from the date of issue at a price of CAD 0.15 per share. All securities issued under the placement will be subject to a hold period expiring four months and one day from the date of issue. The company may pay finders' fees on all or part of the placement in accordance with the policies of the TSX Venture Exchange. The company anticipates closing of the placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals. Board Change • Aug 11
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). CFO & Director Charles Edgeworth is the most experienced director on the board, commencing their role in 2020. Independent Director Picklu Datta was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Jun 09
Xplore Resources Corp. announced that it expects to receive CAD 0.6 million in funding Xplore Resources Corp. announced a private placement of up to 3,333,333 units at the price of CAD 0.03 per unit for gross proceeds of up to CAD 100,000 and 11,111,111 flow through common shares at a price of CAD 0.045 per share for gross proceeds of up to CAD 500,000 for aggregate gross proceeds of CAD 600,000 on June 8, 2023. Each unit will be comprised of one common share of the Company and one purchase warrant, such purchase warrant entitling the subscriber to acquire one common share at a price of CAD 0.06 per share for a period of 24 months from closing of the transaction. The transaction is subject to specific conditions, including compliance with TSX Venture Exchange Policies and receipt of approval from the TSX Venture Exchange. The securities issued at the closing of the transaction will be subject to a four month hold period from the date of issue, including any other re-sale restrictions imposed by applicable securities regulatory authorities. Insiders of the company may, subject to regulatory approval, participate in the transaction. Finders fees equal to 7% of the gross proceeds raised may be paid to eligible finders or other third
parties, in connection with this transaction. Aankondiging • Dec 08
Xplore Resources Corp Provides Update on the Surge Lithium Property Xplore Resources Corp. to provide an update on the Surge Lithium Property ("Surge"), located approximately 110 kilometres northeast of Sioux Lookout, Ontario. Reconnaissance mapping and sampling at Surge has identified multiple pegmatite outcrops on trend to known lithium-cesium-tantalum ("LCT") type pegmatites reported on the adjacent Root Property owned by Green Technology Metals Ltd. ("GT1"). GT1 has identified LCT pegmatites over an inferred 10 kilometre, east-west trend, parallel to the St. Joseph Fault ("SJF"), a regional geological break between the Uchi and English River geological sub-provinces. The SJF bisects the Surge property, extending for over 9.0 kilometres across the northern part of the claims. GT1 is currently drilling to increase the McCombe lithium deposit, 14 kilometres to the west of Surge, with a historical resource of 2.3 million tonnes averaging 1.3% Li2O (REF Ontario Geological Survey Open File Report 6180 (2006)). The objective of GT1's current drilling program is to expand the McCombe resource. In a press release dated November 22, 2022, GT1 reported a number of drill intercepts, including 8.0 metres averaging 1.72% Li2O. GT1 also indicated LCT pegmatites that extend for over 300 metres at Root Bay, approximately 2.0 kilometres west of the Surge property, with grab samples assaying up to 2.4% Li2O. The reconnaissance program also identified anomalous pyrite, chalcopyrite and pyrrhotite sulphide mineralization coincident with the interpreted location of the SJF in the northern portion of the claims. Outcrops define a 1,500 metre long, east-west outcrop trend, including a 150- metre interval of massive (+50%) to semi-massive (+25%) sulphides isolated in three separate outcrops. This sulphide trend was not identified in any filed assessment reports for the area and is interpreted to represent a "new" occurrence. Aankondiging • Dec 07
Xplore Resources Corp. (TSXV:XPLR) acquired ADDITIONAL LITHIUM PROSPECTIVE PROPERTIES IN BRAZIL. Xplore Resources Corp. (TSXV:XPLR) acquired ADDITIONAL LITHIUM PROSPECTIVE PROPERTIES IN BRAZIL on December 6, 2022.
Xplore Resources Corp. (TSXV:XPLR) completed the acquisition of ADDITIONAL LITHIUM PROSPECTIVE PROPERTIES IN BRAZIL on December 6, 2022. Board Change • Nov 17
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Director Dave Patterson is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Sep 24
Xplore Resources Corp., Annual General Meeting, Nov 29, 2022 Xplore Resources Corp., Annual General Meeting, Nov 29, 2022. Aankondiging • Jun 08
Xplore Resources Corp. announced that it expects to receive CAD 5 million in funding Xplore Resources Corp. announced a minimum of CAD 5 million financing on June 7, 2022. The transaction is subject to customary closing conditions and receipt of all necessary regulatory approvals, including TSX Venture Exchange approval. The closing is expected by the end of June 2022. Board Change • Apr 28
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Director Dave Patterson is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Dec 07
Xplore Resources Corp. (TSXV:XPLR) entered into purchase and sale agreement to acquire 3,435-hectare Pompeia East located in the Ouro Preto district, Minas Gerais from Giorgio Francesco Cesare De Tomi and Emerson Ricardo Ré for $0.03 million. Xplore Resources Corp. (TSXV:XPLR) entered into purchase and sale agreement to acquire 3,435-hectare Pompeia East located in the Ouro Preto district, Minas Gerais from Giorgio Francesco Cesare De Tomi and Emerson Ricardo Ré for $0.03 million on December 6, 2021. The consideration consists of $0.01 million in cash and issuance of 0.5 million Xplore Resources common shares. Issuance of the Common Shares shall be subject to the receipt of regulatory approvals including, without limitation, the approval of the TSX.V, and such other conditions, and will be subject to statutory hold periods under applicable Canadian securities legislation. Board Change • Oct 04
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Member of the Advisory Board Steve Crozier is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Sep 23
Xplore Announces Completion of Phase 1 Airborne Survey at Red Lake Mining District, Ontario Xplore Resources Corp. announced that Phase 1 2021 exploration programs have been completed at the Company's Upper Red Lake Gold Project ("Upper Red Lake"), the Pringle Lake Property ("Pringle Lake") and Perrigo Lake Property ("Perrigo Lake") all located in the Red Lake Mining Division, Ontario. The airborne survey was conducted by Prospectair Geosurveys Inc. based in Gatineau, Quebec using a EC120 Eurocopter Helicopter. The initial Phase 1 program consisted of a high-resolution heliborne magnetic survey ("MAG") flown in a systematic low-level grid pattern with full high-resolution covering the entirety of all three properties. Total survey distance was approximately 2,193-line kms. The high-resolution survey has highlighted areas of interest for follow up field verification, including future drill targeting for the next phase of exploration. In addition, the survey is expected to better define the geometry and structural controls on mineralization and will aid in the identification of major litho-structural features. Aankondiging • Nov 25
Xplore Resources Corp. Names Stephen Crozier to the Advisory Board Xplore Resources Corp. (Xplore or the Company) announced the following appointment to the Company's Advisory Board, tasked with advising and assisting management in the future growth of Xplore
Resources. The Company welcomes Mr. Stephen Crozier, JD, MBA, BA, to the Advisory Board effective immediately. Mr. Crozier, currently Vice President, Corporate Affairs at IAMGOLD Corporation, is a mining executive with 20 years of experience in legal, corporate affairs, and is a recognized industry leader in Environmental and Social Governance (ESG). Stephen has extensive experience negotiating agreements with host communities and governments impacted by mining development. He is also responsible for the planning, development, implementation and public reporting of various aspects of IAMGOLD's ESG framework. Prior to joining IAMGOLD, Steve was Corporate Counsel with Barrick Gold Corporation, focusing on acquisitions/dispositions, securities, major projects, and general corporate law. Mr. Crozier obtained a Bachelor of Arts degree from Simon Fraser University and a Juris Doctor and Master of Business Administration from the University of Toronto. The Board of Directors of the Company is grateful to add Mr. Crozier to the Advisory Board. Aankondiging • Nov 19
Xplore Resources Corp Appoints Mr. Picklu Datta as Advisory Board Xplore Resources Corp. announced that Mr. Picklu Datta, CPA, CA, BComm., who has consented to join Xplore's Advisory Board effective immediately. Mr. Datta is a mining executive with 30 years of experience in senior management roles including accounting, audit, taxation, treasury, forecasting & budgeting, and risk management. He was formerly Vice-President, Finance & Treasurer at Centerra Gold Inc; Senior Vice-President, Treasury & Finance at Agnico Eagle Mines Limited; and Finance Manager, at Aber Diamond Corporation. Throughout his career, Picklu has contributed greatly as his companies went through transformational growth through mine building or acquisitions.
Picklu brings considerable experience to the Company that will expand Xplore's knowledge base to the benefit of all stakeholders.