New Risk • May 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.4m (US$9.57m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 6.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (219% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.4m market cap, or US$9.57m). Board Change • May 20
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. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive Director Brett Mitchell is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Peter Nightingale was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 23
Uvre Limited, Annual General Meeting, Nov 27, 2025 Uvre Limited, Annual General Meeting, Nov 27, 2025. Location: at 3 richardson street, wa 6005, west perth Australia Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Alex Passmore 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. Announcement • May 20
Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Alex Passmore 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. Announcement • Oct 22
Uvre Limited Announces Change in Company Secretary Uvre Limited announced the appointment of Mr. Tom O'Rourke as Company Secretary effective 22 October, 2024. Mr. O'Rourke specialises in corporate advisory, company secretarial and financial management services. He is a CA as well as having a Master's degree in Project Management. Previously Mr. O'Rourke spent a number of years in the audit division of a leading international Audit, Tax & Advisory firm, focused on engagements across the natural resources, technology and industrial sectors. The appointment follows the resignation of Ms. Kate Sainty as Company Secretary, who has resigned to take maternity leave, effective 22 October 2024. Announcement • Sep 16
Uvre Limited, Annual General Meeting, Nov 27, 2024 Uvre Limited, Annual General Meeting, Nov 27, 2024. Board Change • Aug 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 03
Uvre Limited (ASX:UVA) completed the acquisition of 3 Uranium Exploration Prospects in South Australia. Uvre Limited (ASX:UVA) agreed to acquire 3 Uranium Exploration Prospects in South Australia for AUD 0.3 million on May 6, 2024.
Uvre Limited (ASX:UVA) completed the acquisition of 3 Uranium Exploration Prospects in South Australia on July 1, 2024. New Risk • Jun 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 (AU$6.34m market cap, or US$4.22m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • May 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 06
Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. Uvre Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,425,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,075,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Announcement • Oct 05
Uvre Limited, Annual General Meeting, Nov 17, 2023 Uvre Limited, Annual General Meeting, Nov 17, 2023, at 10:30 W. Australia Standard Time. Location: t 945 Wellington Street, West Perth WA 6005 West Perth Australia Agenda: To consider the election of directors. New Risk • Sep 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m (AU$11k revenue, or US$7.2k). Market cap is less than US$10m (AU$5.52m market cap, or US$3.56m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m (AU$11k revenue, or US$7.1k). Market cap is less than US$10m (AU$4.91m market cap, or US$3.13m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Announcement • May 06
Uvre Limited Provides an Update on Its 100% Owned Eastern Canyon Uranium Project Located in South-East Utah, USA Uvre Limited provided an update on its 100% owned Eastern Canyon Uranium Project located in south-eastern Utah, USA. East Canyon Project Update. Ongoing interpretation of the initial, closely spaced reconnaissance drill program at the East Canyon Project drilled late 2022 in which final assays were received in February 2023 has confirmed consistent uranium-vanadium mineralization between drill holes. The drilling interpretation confirms the East Canyon Project area remains highly prospective for sedimentary feature/structure hosted uranium-vanadium and rare earth oxide mineralization. The drill results confirm the uranium and vanadium mineralisation extends beyond the historical underground workings at both None Such and Bonanza prospects at shallow depths of less than 60m. The mineralisation is open in various directions and further modelling and field confirmation work is required to continue to build an understanding of the potential size of the uranium-vanadium mineralisation hosted within the Salt Wash reducing sediments. Modelling of the trace rare earth oxide component of the mineralised system is ongoing. The higher-grade uranium and vanadium zones are generally interpreted to have been deposited by braided and meandering streams, which are now covered at the surface, by sand and sediment. The district hosts several significant uranium-vanadium operations including TSX listed Energy Fuels Inc.'s La Sal Complex mines and development projects, International Consolidated Uranium's Rim/Columbus and Sage Plains project which was subject to a recent acquisition and strategic alliance with Energy Fuels, and Velvet-Wood, owned by TSX-V-listed company Anfield Resources. Energy Fuels' White Mesa Mill, the only fully licensed and operating conventional uranium-vanadium mill in the US, is located 50km from the East Canyon Project along major highway 191. This announcement has been authorised by the Board of Uvre Limited. Announcement • Feb 18
Uvre Limited Reports Results from the Remaining Batch of Geochemical Assays Received from Recently Drilled Holes at the None Such and Bonanza Prospect Uvre Limited report results from the remaining batch of geochemical assays received from recently drilled holes at the None Such and Bonanza prospect, at the East Canyon Uranium-Vanadium Project, located in south-eastern Utah, USA (East Canyon Project). Anomalous readings for uranium, vanadium and rare earths were also noted within several zones of recovered core via a hand-held portable XRF (pXRF) (Thermo Fisher Scientific Niton XL5). Selective samples of core were prepared and dispatched to a certified laboratory for geochemical analysis, with all results reported. All drill holes are vertical, with intercepts interpreted to represent true thickness. Laboratory assays for rare earths are less than 300ppm but show some elevations associated with clays. UVRE will continue to monitor the REE potential while focusing on uranium and vanadium targets. Uranium and vanadium bearing ore deposits in the East Canyon district are generally confined to the Salt Wash Member of the Jurassic-age Morrison Formation which due to the geological processes, naturally pinches and swells with variable thickness and grade. Assays received thus far confirms that the mineralised Uranium and Vanadium system continues beyond historical workings at None Such and Bonanza at a shallow depth of less than 60m. UVRE will use the winter hiatus in field operations to collate and interpret all new data and integrate it with regional geological interpretation to define new target areas for the 2023 field season. The East Canyon uranium-vanadium project comprises 231 contiguous claims (~4,620 acres/18.7km2) prospective for uranium and vanadium in the Dry Valley/East Canyon mining district of south-eastern Utah, USA (the Claims). The Uravan Mineral Belt and surrounding Salt Wash ore producing districts of the Colorado Plateau, which hosts the Claims, has been an important source of uranium and vanadium in the US for more than 100 years, with historic production of more than 85 million pounds of uranium at an average grade of more than 0.13% UO and more than 440 million pounds of vanadium at an average grade of 1.25% VO. The district hosts several significant uranium-vanadium operations including TSX listed Energy Fuels Inc.'s La Sal Complex mines and development projects, International Consolidated Uranium's Rim/Columbus and Sage Plains project which was subject to a recent acquisition and strategic alliance with Energy Fuels, and Velvet-Wood, owned by TSX-V-listed company Anfield Resources. Energy Fuels' White Mesa Mill, the only fully licensed and operating conventional uranium-vanadium mill in the US, is located 50km from the East Canyon Project along major highway 191. The Company advises that the 1,400,000 Class A Performance Rights have vested as a result of the drilling results in this announcement, specifically the achievement of (B) at least two metres of an ore grade of greater than or equal to 0.1% U3O8 on any of the East Canyon Project claims. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non Executive Director Charles Nesbitt was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.