Board Change • Aug 14
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 02
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 20
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 17
Reward Minerals Ltd, Annual General Meeting, May 29, 2026 Reward Minerals Ltd, Annual General Meeting, May 29, 2026. Announcement • Mar 31
Reward Minerals Ltd (ASX:RWD) signed a letter of intent to acquire Mineral Licence 040292M in Newfoundland, Canada from Alexander Duffitt, Margaret Duffitt, Robert Snook and Jeanette Martin for CAD 0.10 million. Reward Minerals Ltd (ASX:RWD) signed a letter of intent to acquire Mineral Licence 040292M in Newfoundland, Canada from Alexander Duffitt, Margaret Duffitt, Robert Snook and Jeanette Martin for CAD 0.10 million on March 26, 2026. A cash consideration of CAD 0.04 million will be paid by Reward Minerals Ltd. The consideration consists of 0.65 million common equity of Reward Minerals Ltd to be issued for assets. If a JORC or NI 43-101 Mineral Resource (“Mineral Resource”) of 750,000 ounces of AuEq (gold equivalent) is defined within 040292M, Reward to issue 1,000,000 Fully Paid Ordinary Shares in Reward to the Vendors within three business days of an ASX release by Reward detailing the Mineral Resource. The parties have agreed to negotiate in good faith and enter into a binding Definitive Agreement incorporating the terms and conditions set out in the LOI within thirty (30) calendar days from 26 March 2026, or within such other time frame as may be mutually agreed upon by the parties in writing. Announcement • Nov 12
Reward Minerals Ltd (ASX:RWD) entered into a binding of letter of intent to acquire Copper Lance Project from Northex Capital Partners Inc for AUD 0.096 million. Reward Minerals Ltd (ASX:RWD) entered into a binding of letter of intent to acquire Copper Lance Project from Northex Capital Partners Inc. for AUD 0.096 million on November 12, 2025. A cash consideration of AUD 0.02 million and issues 2 million common equity of Reward Minerals Ltd to Copper Lance Project. Under the terms of the agreement, Reward has the right to purchase one half of one percent (0.5%) of the NSR for AUD 750,000.00 at any time and to retain a 1.0% Net Smelter Returns Royalty (NSR) that shall apply to all Mineral Depositions and Northex Capital Partners Inc. to retain a 1.0% Net Smelter Returns Royalty (NSR) that shall apply to all Mineral Depositions. The parties have agreed to negotiate in good faith and enter into a binding Definitive Agreement incorporating the terms and conditions set out in the LOI within thirty (30) calender days from 6 November 2025, or within such other time frame as may be mutually agreed upon by the parties in writing. Announcement • Apr 03
Reward Minerals Ltd, Annual General Meeting, May 29, 2025 Reward Minerals Ltd, Annual General Meeting, May 29, 2025. Location: at quest kings park, 54 kings park road, west perth, western australia Australia Board Change • Feb 04
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Reward Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.301986 million. Reward Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.301986 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,536,428
Price\Range: AUD 0.06
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.06
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 830,004
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
Reward Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.3 million. Reward Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,333,333
Price\Range: AUD 0.06
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.06
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 14
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$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 (-AU$2.8m free cash flow). Shares are highly illiquid. Negative equity (-AU$3.4m). Earnings have declined by 77% per year over the past 5 years. Revenue is less than US$1m (AU$35k revenue, or US$24k). Market cap is less than US$10m (AU$9.11m market cap, or US$6.11m). Board Change • May 10
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 11
Reward Minerals Ltd, Annual General Meeting, May 29, 2024 Reward Minerals Ltd, Annual General Meeting, May 29, 2024. Reported Earnings • Mar 30
Full year 2023 earnings released: AU$0.10 loss per share (vs AU$0.02 loss in FY 2022) Full year 2023 results: AU$0.10 loss per share (further deteriorated from AU$0.02 loss in FY 2022). Net loss: AU$22.7m (loss widened 480% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Board Change • Mar 19
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 10
Reward Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 22.785314 million. Reward Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 22.785314 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,706,276
Price\Range: AUD 0.05
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 320,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Rights Offering 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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 28
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 12
Reward Minerals Limited Provides an Update on the Technical Activities Related to Its New Process for Recovery of Potassium Sulphate Directly from Seawater and Other High-Sulphate Brines Reward Minerals Limited provided an update on the technical activities related to its new process for recovery of Potassium Sulphate directly from seawater and other high-sulphate brines. On 11 August 2022, the Company filed an Australian Provisional Patent Application to protect Intellectual Property related to the Reward Process. Multiple activities have been completed over the last few months to provide essential data supporting the Patent Application including; Inclusion of additional data to expand the scope of the Reward Process including Potassium recoveries from a wide range of brine compositions; Confirmation of the variability of Potassium recoveries versus reaction temperatures in the Syngenite formation and leaching steps in the Reward Process; Improvement in Potassium extraction from various feed brine compositions by variation in Gypsum to brine ratios in the Syngenite formation reaction; and High-purity SOP recovery from Syngenite leach liquours. A final laboratory testwork program is underway for completion in July which will provide the data to finalise the Patent Application. The Company remains on track to comply with the PCT Patent Application and will submit the final application prior to 11 August 2023. An ESS utilising the Reward Process to recover high-purity SOP from seawater and other high sulphate brines has been underway since May 20232 and is due for completion in July 2023. It is being completed by an independent global engineering firm using their own and Reward's development data. A summary of the ESS work streams completed to date include; Preliminary mass and energy balance; Observations and review of evaporation and filtration testwork conducted by Reward to verify robustness of key processing steps; Review of entire flowsheet to identify potential fatal flaws in the Reward. Process for production of SOP. Final activities to complete the ESS include further review of; Utilities and reagent consumption requirements; Capital and operating cost estimates (-30% - +40%) for a 100,000 tpa SOP production facility based on seawater bitterns feed source; and All findings and recommendations from the independent global engineering firm. Further, as the Reward Process has flexibility for recovery of SOP from a variety of other high-sulphate SOP rich brines, Reward has commenced discussions with several solar salt, fertilizer and seawater desalination companies globally to discuss the application of Reward's technology for SOP production via joint venture participation. Over the next two quarters Reward will focus on the following key activities; Finalisation of the ESS and determination of the next development activities, Finalisation and lodgement of the PCT Patent application, Engagement with solar salt, fertilizer, chemical and seawater desalination companies worldwide to discuss the application of Reward's technology to potential and proposed SOP developments for possible joint venture participation or acquisition, Advancement of the Cultural Heritage Management Plan for the KP Project. Board Change • Apr 28
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2022 earnings released: AU$0.02 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.02 loss per share (further deteriorated from AU$0.003 loss in FY 2021). Net loss: AU$3.91m (loss widened AU$3.27m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Board Change • Mar 23
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 13
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 10
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 08
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 10
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 29
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 13
Acting CEO & Executive Director recently bought AU$483k worth of stock On the 8th of April, Michael Ruane bought around 4m shares on-market at roughly AU$0.11 per share. This was the largest purchase by an insider in the last 3 months. Michael has been a buyer over the last 12 months, purchasing a net total of AU$309k worth in shares. Reported Earnings • Apr 02
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in FY 2020) Full year 2021 results: AU$0.003 loss per share (down from AU$0.001 loss in FY 2020). Net loss: AU$635.9k (loss widened 165% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Mar 04
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 11
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 05
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Rod Della Vedova was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 02
Executive Director recently sold AU$810k worth of stock On the 29th of November, Michael Ruane sold around 6m shares on-market at roughly AU$0.13 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$104k more than they bought in the last 12 months. Reported Earnings • Sep 16
First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2020) First half 2021 results: Net loss: AU$359.8k (loss narrowed 26% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Executive Departure • Jul 13
Chief Executive Officer Gregory Cochran has left the company On the 1st of July, Gregory Cochran's tenure as Chief Executive Officer of the company ended after 3.6 years in the role. We don't have any record of a personal shareholding under Gregory's name. Gregory is the only executive to leave the company over the last 12 months. Under Gregory's leadership, the company delivered a total shareholder return of -61%. Reported Earnings • Apr 01
Full year 2020 earnings released: AU$0.001 loss per share (vs AU$0.004 profit in FY 2019) Full year 2020 results: Net loss: AU$240.3k (down 139% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 28
Executive Director recently bought AU$69k worth of stock On the 24th of March, Michael Ruane bought around 490k shares on-market at roughly AU$0.14 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$160k more in shares than they have sold in the last 12 months.