New Risk • Jun 16
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 17% 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$10m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$4.3k revenue, or US$3.0k). Minor Risk Market cap is less than US$100m (AU$27.9m market cap, or US$19.7m). Reported Earnings • Mar 12
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (improved from AU$0.004 loss in 1H 2025). Net loss: AU$3.85m (loss narrowed 27% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. New Risk • Mar 11
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$10m 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$10m free cash flow). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$34.4m market cap, or US$24.5m). Recent Insider Transactions • Oct 29
Insider recently bought AU$530k worth of stock On the 24th of October, Stephen Copulos bought around 23m shares on-market at roughly AU$0.023 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$973k more in shares than they have sold in the last 12 months. Announcement • Oct 24
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 212,992,439
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00105
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 263,198,038
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00105
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 07
Black Rock Mining Limited, Annual General Meeting, Nov 24, 2025 Black Rock Mining Limited, Annual General Meeting, Nov 24, 2025. New Risk • Sep 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% 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 Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$12k revenue, or US$8.1k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$30.5m market cap, or US$20.1m). New Risk • Apr 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (AU$12k revenue, or US$7.9k). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$29.4m market cap, or US$18.8m). Announcement • Mar 05
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 217,391,305
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00115
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Feb 03
Black Rock Mining Limited Announces Board Changes, Effective 24 February 2025 Black Rock Mining Limited advised that POSCO has elected to take up its right to nominate a director and the Company has appointed Mr. Dongjoo (DJ) Kim as POSCO's Nominee Non-Executive Director, effective 24 February 2025. POSCO is Black Rock's Strategic Alliance Partner, major shareholder, offtake partner and is the world's largest anode producer outside China. Dongjoo (DJ) Kim is a Senior Manager at POSCO International's Sydney office. His responsibilities include purchasing and investing in raw materials in Australia, as well as managing various investment projects. Since joining POSCO International in 2010, DJ has accumulated over 15 years of experience in the raw materials investment, purchasing, and sales sectors. He holds a Bachelor's degree in German from Hankuk University of Foreign Studies, with a minor in Business Administration. Recent Insider Transactions • Dec 14
Insider recently bought AU$443k worth of stock On the 6th of December, Stephen Copulos bought around 9m shares on-market at roughly AU$0.048 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Sep 30
Black Rock Mining Limited, Annual General Meeting, Nov 25, 2024 Black Rock Mining Limited, Annual General Meeting, Nov 25, 2024. Location: at the park business centre, 45 ventnor avenue, perth wa 6005. Australia New Risk • Sep 10
New major risk - Revenue and earnings growth Earnings have declined by 31% 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 Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$66.4m market cap, or US$44.2m). Announcement • Sep 04
Black Rock Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 58.823529 million. Black Rock Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 58.823529 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 155,311,225
Price\Range: AUD 0.058
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 858,887,557
Price\Range: AUD 0.058
Transaction Features: Subsequent Direct Listing Price Target Changed • Jul 26
Price target decreased by 35% to AU$0.30 Down from AU$0.46, the current price target is provided by 1 analyst. New target price is 376% above last closing price of AU$0.063. Stock is down 40% over the past year. The company is forecast to post a net loss per share of AU$0.004 next year compared to a net loss per share of AU$0.0092 last year. Announcement • Mar 28
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 153,846,154
Price\Range: AUD 0.065
Discount Per Security: AUD 0.00325
Transaction Features: Subsequent Direct Listing New Risk • Oct 23
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 13% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$26m free cash flow). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$142.6m market cap, or US$89.9m). Price Target Changed • Oct 18
Price target decreased by 21% to AU$0.35 Down from AU$0.45, the current price target is an average from 2 analysts. New target price is 299% above last closing price of AU$0.089. Stock is down 46% over the past year. The company is forecast to post a net loss per share of AU$0.004 next year compared to a net loss per share of AU$0.0092 last year. Announcement • Sep 15
Black Rock Mining Limited, Annual General Meeting, Nov 24, 2023 Black Rock Mining Limited, Annual General Meeting, Nov 24, 2023, at 14:00 W. Australia Standard Time. Location: at the park Business Centre, 45 Ventnor Avenue Perth Western Australia Australia Breakeven Date Change • Sep 05
No longer forecast to breakeven The analyst covering Black Rock Mining no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$2.24m in 2025. New forecast suggests the company will make a loss of AU$12.5m in 2025. New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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$24m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.4m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (AU$123.6m market cap, or US$82.8m). New Risk • Jun 11
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 12% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$24m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.7m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$143.3m market cap, or US$96.5m). Board Change • Nov 16
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Ian Murray was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Nov 03
CEO, MD & Executive Director exercised options and sold AU$89k worth of stock On the 2nd of November, John de Vries exercised 3.85m options at around AU$0.15, then sold 4m of the shares acquired at an average of AU$0.11 per share and kept the remainder. For the year to June 2017, John's total compensation was 59% salary and 41% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, John has owned 10.46m shares directly. Company insiders have collectively sold AU$6.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Oct 10
Black Rock Completes Front End Engineering Design, Reconfirming Mahenge as Tier 1 Scale Project with Compelling Projected Returns Black Rock Mining Limited announce the completion of the Independent Technical Expert review of Module 1 and the Front- End Engineering Design (FEED) works and update of the eDFS (eDFS Update), which reconfirms the Tier 1 scale Mahenge Graphite Project (Mahenge or Project) in Tanzania, as a robust project with attractive forecast returns. All targeted outcomes were achieved by the FEED work for Module 1 which has been reviewed by an Independent Technical Expert (ITE). The ITE was selected from a shortlist of potential candidates based on discussions and feedback with potential project finance lenders. Findings from the FEED work come against a backdrop of steady increases in the graphite price and an exceptionally strong supply-demand market outlook. One of the key differentiating features of Mahenge is its access to low-cost grid power in Tanzania. Grid power generation in Tanzania in 2022 is sourced from ~40% hydroelectric and 60% natural gas with the proportion of hydroelectricity expected to grow. The nearby Julius Nyerere Hydro project is in construction and will have an installed capacity of 2,115 megawatts and is due to be commissioned in June 2024. As a result, graphite from Mahenge will have a very low carbon intensity compared to peers and is likely to have one of the lowest carbon footprints of any graphite project globally. The eDFS assumed the ~60km power line to Ifakara to connect Mahenge to grid power would be built in parallel with the commissioning of Module 2. However, given the elevated level of diesel prices and the substantial benefit to Project economics and green credentials, Black Rock is exploring options to bring forward the construction of the power line to align with first production from Module 1. Black Rock is in discussions with several parties to explore funding the USD 33 million power line project outside the Project. Lithium-ion batteries contain 7-10x more graphite than lithium by volume and as the mainstream adoption of electric vehicles gathers pace, several experts are forecasting substantial deficits in graphite markets. The size of the natural flake graphite market in 2022 is a relatively modest 1.2mt and Benchmark Mineral Intelligence expects substantial graphite supply deficits over the next few years which provides a very promising outlook for graphite prices. By 2029, Benchmark expects the market deficits to exceed the entire graphite supply. Announcement • Oct 07
Black Rock Mining Limited, Annual General Meeting, Nov 28, 2022 Black Rock Mining Limited, Annual General Meeting, Nov 28, 2022, at 14:00 W. Australia Standard Time. Location: The Park Business Centre 45 Ventnor Avenue Perth Australia Announcement • Oct 01
Black Rock Mining Limited Announces Resignation of Gabriel Chiappini as Non-Executive Director Black Rock Mining Limited announced that Non-Executive Director, Mr. Gabriel Chiappini, will retire from the Board, effective at the close of business 30 September 2022. Mr. Chiappini is a founding Director and has been an integral member of the Board since the Company's inception in 2012, having served in both an executive and non-executive capacity during this period. Mr. Chiappini's retirement from the Board comes at a time when the Company is focused on its transition to become a significant graphite producer into rapidly growing clean energy storage and decarbonisation markets. The move is part of the Company's strategic plan and follows recent appointments to transition Mr. Chiappini's corporate and commercial responsibilities as he focuses on other business interests. The Board has commenced a process to select a suitable replacement for Mr. Chiappini, with a focus on complementing existing Board capability with respect to project execution, financing, operations and compliance. Announcement • Sep 02
Black Rock Mining Limited Announces Approval of Mahenge Special Mining Licence Black Rock Mining Limited announced that it has been informed that the Special Mining Licence (SML) for the Mahenge Graphite Project has been approved. Black Rock has received the invoice and paid the licence fee and is expecting the SML to be issued shortly. Board Change • Jun 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. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Ian Murray was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 08
Black Rock Mining Limited announced that it expects to receive AUD 25 million in funding Black Rock Mining Limited announced a private placement of 104,166,667 fully paid ordinary shares at AUD 0.24 per share for gross proceeds of AUD 25,000,000 on May 6, 2022. The transaction will included participation from new and existing institutional and sophisticated investors. The transaction is expected to close on May 16, 2022. Recent Insider Transactions • Apr 28
Insider recently sold AU$2.0m worth of stock On the 22nd of April, Stephen Copulos sold around 7m shares on-market at roughly AU$0.28 per share. In the last 3 months, they made an even bigger sale worth AU$3.1m. Insiders have been net sellers, collectively disposing of AU$8.6m more than they bought in the last 12 months. Breakeven Date Change • Apr 27
Forecast to breakeven in 2024 The analyst covering Black Rock Mining expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$4.70m in 2024. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Recent Insider Transactions • Apr 07
Insider recently sold AU$2.8m worth of stock On the 4th of April, Stephen Copulos sold around 11m shares on-market at roughly AU$0.25 per share. In the last 3 months, they made an even bigger sale worth AU$3.1m. Insiders have been net sellers, collectively disposing of AU$6.6m more than they bought in the last 12 months. Announcement • Apr 06
Black Rock Mining Limited Announces Change of Company Secretary Black Rock Mining Limited announced that Mr. James Doyle of Evolution Corporate Services Pty Ltd. has been appointed as Company Secretary, effective immediately. Mr. Doyle is an experienced advisory and governance professional specialising in the provision of company secretarial and corporate advisory services to public and private companies across a range of sectors including resources, industrials and information technology. Mr. Doyle replaces Mr. Gabriel Chiappini, who hands the role of Company Secretary to Mr. Doyle, effective immediately. Black Rock confirms that Mr. Chiappini continues serving as a Non-Executive Director of the Company. Recent Insider Transactions Derivative • Mar 05
Independent Non-Executive Director exercised options to buy AU$376k worth of stock. On the 2nd of March, Ian Murray exercised options to buy 2m shares at a strike price of around AU$0.15, costing a total of AU$240k. This transaction amounted to 41% of their direct individual holding at the time of the trade. Since June 2021, Ian's direct individual holding has decreased from 6.72m shares to 3.87m. Company insiders have collectively bought AU$530k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 15
Black Rock Mining Limited Announces Chief Financial Officer Changes Black Rock Mining Limited announced the appointment of Paul Sims as Chief Financial Officer. Mr. Sims is a highly credentialled finance resources executive with over 25 years of executive experience in the resources industry, with previous exposure to zinc, iron ore, cobalt, nickel, and uranium commodities spanning finance and commercial roles at BHP, WMC Resources, Minara Resources, and Karara Mining. Mr. Sims initial focus will be on activities supporting the engagement and structure of project development financing with finance groups currently in train. The Company is currently engaged in discussions with a number of parties with respect to securing project financing for the Mahenge Graphite Mine. Mr. Sims will commence his role with Black Rock on 26 April 2022. The appointment fills the role on a permanent basis, which up to now has been a part-time consulting role provided by Mr. Dale Hanna since August 2019. Mr. Hanna will continue to support the Company to enable a smooth transition. The Board would also like to thank Mr. Hanna for his valuable contribution during his tenure as CFO. Announcement • Feb 03
BKT Confirms 25% Increase in Measured Resources Black Rock Mining Limited announced that as a result of completing assays from the 2019 infill metallurgical drilling and bulk samplingprogram the JORC Compliant Mineral Resource Estimate and Ore Reserve, has been updated, posting a 25% increase in Measured Mineral Resource. Mahenge Graphite Mineral Resource Update: As part of the Company's ramp up on Project execution activities, Black Rock has completed an update of its Mahenge Mineral Resource designed to provide high confidence to customers and financiers on the plannedproduction output over the first 10 years of operation from the Ulanzi open pit. The 25% increase in Measured Mineral Resource effectively confirms that 100% of the likely loan life is now underpinned by Measured Resource. Drilling and bulk sampling was completed on the Ulanzi orebody in 2019 but held in storage for final customer qualification. This material was only recently assayed and used as an ore feed and processed in China and Canada as part of Black Rock's 500 tonne qualification processing plant campaign, refer ASX announcement 6thDecember 2021. Summary of the Mahenge Project JORC Mineral Resource update: The global Mineral Resource Estimate for the Mahenge Graphite Project is 213.1M tonnes at 7.8% TGC (Previously 211.9 Mt @ 7.8% TGC). This makes it the fourth largest JORC Mineral Resource globally and it is still open along strike; Mineral Resource in the Measured category is now 31.8Mt and Indicated at 84.6Mt, combined representing 55% of the total Mineral Resource; 25% increase in the measured Mineral Resource at Mahenge is the largest Measured Mineral Resource of any graphite developer globally; Within this Mineral Resource is a higher grade portion of 43.8Mt @ 10.8% TGC; Project de-risking achieved by: Delivering the highest grade zones to date and further increasing mineral resource category quality; Metallurgical test work indicates that 99% TGC concentrates can be processed through a relatively simple flotation process for a low energy, and low risk operation; Test work supported by real world data through commercial scale processing of over 600 tonnes of graphite ore through three pilot plant and customer qualification programs; and End-product validation. Independent testing by the Company's offtake partners confirmed that battery grade spherical graphite and high quality expandable graphite can be made from Mahenge concentrates for commercial sale. Recent Insider Transactions Derivative • Nov 08
CEO, MD & Executive Director exercised options to buy AU$1.2m worth of stock. On the 4th of November, John de Vries exercised options to buy 5m shares at a strike price of around AU$0.10, costing a total of AU$500k. This transaction amounted to 92% of their direct individual holding at the time of the trade. Since December 2020, John's direct individual holding has increased from 5.21m shares to 5.46m. Company insiders have collectively bought AU$1.1m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 10
Insider recently sold AU$710k worth of stock On the 2nd of June, Stephen Copulos sold around 6m shares on-market at roughly AU$0.12 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$108k more than they sold in the last 12 months. Announcement • Mar 16
Black Rock Mining Limited, Annual General Meeting, Apr 15, 2021 Black Rock Mining Limited, Annual General Meeting, Apr 15, 2021, at 11:30 W. Australia Standard Time. Location: he Park Business Centre, 45 Ventnor Avenue West Perth Western Australia Australia Agenda: To consider proposed issue of shares to posco. Announcement • Dec 18
Black Rock Mining Limited announced that it expects to receive AUD 10.33364 million in funding from POSCO Black Rock Mining Limited (ASX:BKT) announced that it has entered into Investment Term Sheet with POSCO (KOSE:A005490) for a private placement of 126,020,001 shares at an issue price of AUD 0.082 per share for gross proceeds of AUD 10,333,640.082 on December 17, 2020. As part of the transaction, the investor will own 15% stake of the company. Subject to the investor maintaining a minimum of 10% equity interest in the company, investor has the right to nominate a non-executive director to the board of company. The transaction is expected to close on March 1, 2021. Announcement • Oct 05
Black Rock Mining Limited announced that it has received AUD 2 million in funding Black Rock Mining Limited (ASX:BKT) announced a private placement of 40,816,327 shares at AUD 0.049 per share for gross proceeds of AUD 2,000,000 on October 5, 2020. The transaction included participation from number of sophisticated, institutional investors, and existing investors. Announcement • Aug 06
Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.650977 million. Black Rock Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.650977 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,308,982
Price\Range: AUD 0.042
Discount Per Security: AUD 0.00252
Transaction Features: Rights Offering