New Risk • May 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.0m (US$9.94m) 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$5.4m free cash flow). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$448k revenue, or US$319k). Market cap is less than US$10m (AU$14.0m market cap, or US$9.94m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Board Change • Dec 24
High number of new directors Independent Non-Executive Director Vincent Chye was the last director to join the board, commencing their role in 2025. Announcement • Dec 18
Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 5.5 million. Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,746,273
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,539,443
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Announcement • Nov 04
Battery Age Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.5 million. Battery Age Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,746,273
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,539,443
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Announcement • Oct 06
Battery Age Minerals Ltd, Annual General Meeting, Nov 26, 2025 Battery Age Minerals Ltd, Annual General Meeting, Nov 26, 2025. Board Change • Aug 18
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Gerry Fahey is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million. Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 29,910,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 27,090,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Feb 28
Battery Age Minerals Ltd Announces Board Changes Battery Age Minerals Ltd. announced the following changes to the Board effective immediately. Battery Age announced the appointment of Mr. Vincent Chye as Non-Executive Director, bringing extensive corporate development experience to the team. The Company also expresses sincere gratitude to Mr. Robert Martin for his valuable contributions as Non-Executive Chairman, and welcomes Dr. David Pevcic as Chairman to lead the next phase of growth. Mr. Chye is an experienced corporate development executive with over 19 years' experience working with ASX and internationally listed companies. Mr. Chye is currently responsible for WA corporate development for an ASX100 listed energy company with a focus on strategic decarbonisation, renewable, firming and energy storage projects. Previously, he held senior advisory and in-house positions focussing on transactions and strategic projects, including at CITIC Ltd, Wesfarmers Ltd. and Ernst & Young. In addition to extensive experience in acquisitions and equity capital markets, Mr. Chye has specific expertise in the development of greenfield mining, processing, and logistics in the bulk minerals sector. Mr. Chye is also a non-executive director of Equinox Resources Limited. BM8 advised that Mr. Robert Martin has resigned from his position as Non-Executive Chairman. Throughout his tenure, Mr. Martin has been a valued member of the Board providing valuable insights and guidance to the Company over a number of years. With Mr. Martin's resignation, current Non-Executive Director, Dr. David Pevcic, will move to the role of Non-Executive Chairman of the Company. Dr. Pevcic an experienced corporate professional and investor, with a principal focus on the resources and technology sectors. He is the Founder and Executive Director of ASX listed Infini Resources Ltd., Chairman of Nanoveu Ltd. and founder of several privately owned mineral ventures in Canada, Brazil and Australia. Dr. Pevcic holds a Bachelor of Science, Bachelor of Medicine and Bachelor of Surgery from the University of Western Australia. Announcement • Feb 04
Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,731,707
Price\Range: AUD 0.082
Discount Per Security: AUD 0.00492
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,560,976
Price\Range: AUD 0.082
Discount Per Security: AUD 0.00492
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Rob Martin is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 11
Battery Age Minerals Ltd, Annual General Meeting, Nov 29, 2024 Battery Age Minerals Ltd, Annual General Meeting, Nov 29, 2024. Announcement • Oct 07
Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 1 million. Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,500,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 23
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 18% 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$9.1m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.8m market cap, or US$9.13m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Jan 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.7m (US$9.71m) 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 Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$849 revenue, or US$560). Market cap is less than US$10m (AU$14.7m market cap, or US$9.71m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Oct 31
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 Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$849 revenue, or US$540). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$19.3m market cap, or US$12.3m). Announcement • Oct 06
Battery Age Minerals Ltd, Annual General Meeting, Nov 27, 2023 Battery Age Minerals Ltd, Annual General Meeting, Nov 27, 2023. Announcement • Sep 02
Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 6.402421 million. Battery Age Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 6.402421 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,941,176
Price\Range: AUD 0.34
Discount Per Security: AUD 0.0204
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,726,549
Price\Range: AUD 0.4607
Discount Per Security: AUD 0.027642
Security Features: Flow-Through
Transaction Features: Subsequent Direct Listing New Risk • Aug 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$849 revenue, or US$549). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$29.7m market cap, or US$19.2m). Announcement • Aug 10
Battery Age Minerals Ltd Announces Chief Executive Officer, Mr. Gerard O'Donovan, to Transition to the Role of Managing Director BBattery Age Minerals Ltd. announced that the company's Chief Executive Officer, Mr. Gerard O'Donovan, will transition to the role of Managing Director, effective immediately. The appointment further strengthens the company's senior leadership team as it progresses its strategy to become a key player in the global critical minerals sector. Mr. O'Donovan has a strong background in the lithium industry and in mine development and operations with over 15 years of demonstrated success in managing large-scale construction and mining development projects and operations across various commodities including lithium, copper and iron ore. He has worked with a range of companies including Pilbara Minerals where, as Project Manager, he was responsible for successfully leading the development, commissioning and ramp-up of the Pilgangoora lithium-tantalum Stage 1 mine and processing facility. Following that, as Integration Manager, he was responsible for the integration and restart of the Altura Lithium Operations asset within the broader Pilbara Minerals business following the acquisition of this asset. He has also worked with Atlas Iron, FMG, Australian Premium Iron JV and Rio Tinto (Copper). Mr. O'Donovan holds a Bachelor of Engineering (Hons), Civil & Structural and has also carried out further studies in the fields of Sustainability, Circular Economy & Social Governance. New Risk • Jul 10
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 Risk Revenue is less than US$1m (AU$849 revenue, or US$568). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (AU$39.3m market cap, or US$26.3m). Announcement • Jul 04
Battery Age Minerals Ltd Announces CFO Changes Battery Age Minerals Ltd. announced the appointment of Mr. Paul Hughes as Chief Financial Officer, effective 17th July 2023. Mr. Hughes is a Chartered Public Accountant (CPA) with over 16 years' experience, including the last 12 years in the construction and resources sector. Prior to joining Battery Age, Mr. Hughes held a senior role with ASX-50 lithium producer Pilbara Minerals as Principal of Corporate Planning and Investment Analysis. Mr. Hughes has also held several other leadership roles at Pilbara, including Principal - Finance, Planning & Analysis as well as Senior Commercial Analyst. He has also worked in senior roles at Orica, Downer along with many other financial institutions. Mr. Hughes, CPA holds a Bachelor of Business - Accounting & Finance from Edith Cowan University in Western Australia Mr. Hughes will replace Mr. Agha Shahzad Pervez as CFO who has stepped down to dedicate his time to his substantial business interests effective 17 July 2023. Throughout his tenure, Mr. Pervez has been a valued member of the management team and the Company would like to take this opportunity to thank Agha for his significant contribution to the Company's operations and its recent relisting process. New Risk • Jun 19
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 Risk Revenue is less than US$1m (AU$849 revenue, or US$581). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$26.1m market cap, or US$17.9m). Announcement • Jun 03
Battery Age Minerals Ltd Announces Resignation of Stephen Windle as Non-Executive Director Battery Age Minerals Ltd. announced that Dr. Stephen Windle has resigned as a non-executive director of the Company effective, 31 May 2023. Throughout his tenure, Dr Windle has provided valuable insights and guidance to the Company as a non-executive director. Announcement • May 24
Battery Age Minerals Ltd has announced a Derivatives Offering in the amount of AUD 0.128275 million. Battery Age Minerals Ltd has announced a Derivatives Offering in the amount of AUD 0.128275 million.
Security Name: Loyalty Option
Security Type: Equity Option
Securities Offered: 25,655,000
Price\Range: AUD 0.005
Transaction Features: Rights Offering Announcement • Feb 09
Battery Age Minerals Ltd Announces the Appointment of Nigel Broomham as General Manager Exploration Battery Age Minerals Ltd. announced the appointment of Mr. Nigel Broomham as General Manager Exploration to spearhead the exploration of its portfolio of international battery metals assets. Mr. Broomham is a geologist with over 12 years industry experience, including over 10 years in the battery metals sector, specifically in lithium and manganese. Prior to joining Battery Age Minerals, Mr. Broomham held leadership roles with ASX-50 lithium producer Pilbara Minerals in exploration, resource development and mining production. As Head of Geology at Pilgangoora, he was extensively involved in the exploration and development of the world-class Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia and was tasked with leading the geology team from exploration through to production. Mr. Broomham has also held several other leadership roles at Pilgangoora, including Mining Manager, lead of the Direct Shipping Ore development project and Production Superintendent. Earlier in his career, he has also worked at Mineral Resources Limited, Consolidated Minerals Manganese, Hancock Prospecting (Roy Hill) and Golder Associates. Mr. Broomham will be responsible for overseeing exploration works across all Battery Age assets, with a strong initial focus on the upcoming maiden exploration campaign at the Falcon Lake Lithium Project in Canada. Mr. Broomham holds a Bachelor of Science (Hons), Geology and Resource Economics from the University of Western Australia and is a member of AusIMM and the Australian Institute of Geoscientists. Board Change • Feb 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Stephen Windle is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.