New Risk • May 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$21.3m market cap, or US$15.5m). Announcement • Apr 28
US1 Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. US1 Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Announcement • Dec 19
US1 Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. US1 Critical Minerals Limited 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: 150,000,000
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 21
Gladiator Resources Limited, Annual General Meeting, Nov 19, 2025 Gladiator Resources Limited, Annual General Meeting, Nov 19, 2025. Announcement • Aug 28
Gladiator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.18 million. Gladiator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,555,556
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.018
Transaction Features: Subsequent Direct Listing Announcement • Mar 31
Gladiator Resources Limited Announces Board Changes Gladiator Resources Limited announced that Mr. Matthew Boysen has been appointed as non-executive chairman of the Company effective 31 March 2025, following the resignation of Mr. Greg Johnson which was announced on 28 January 2025. Mr. Rod Chittenden has also tendered his resignation effective immediately due to his retirement from all employment. Board Change • Feb 04
No independent directors There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Chairman Greg Johnson is the most experienced director on the board, commencing their role in 2022. 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. Announcement • Jan 29
Gladiator Resources Limited Announces Resignation of Greg Johnson as Director , Effective on March 31, 2025 Gladiator Resources Limited announced that Mr. Greg Johnson has tendered his resignation which will become effective on 31 March 2025. Mr. Johnson joined Gladiator Resources Ltd. in July 2023 and has been instrumental in guiding the company to complete a range of exploration activities on its uranium leases in Tanzania. Mr. Johnson leaves the company to focus on a range of business and personal activities. Announcement • Oct 17
Gladiator Resources Limited, Annual General Meeting, Nov 21, 2024 Gladiator Resources Limited, Annual General Meeting, Nov 21, 2024. New Risk • Jul 05
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 Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$108k revenue, or US$73k). Market cap is less than US$10m (AU$12.9m market cap, or US$8.68m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). New Risk • Apr 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.0m (US$9.05m) 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 Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$108k revenue, or US$70k). Market cap is less than US$10m (AU$14.0m market cap, or US$9.05m). Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). Announcement • Mar 11
Gladiator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Gladiator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,333,333
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Announcement • Mar 05
Gladiator Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Gladiator Resources 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: 133,333,333
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Announcement • Dec 20
Gladiator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.79465 million. Gladiator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.79465 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,500,000
Price\Range: AUD 0.013
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,626,923
Price\Range: AUD 0.013
Transaction Features: Subsequent Direct Listing Announcement • Nov 30
An unknown buyer acquired Bendoc Gold Project in New South Wales from Gladiator Resources Limited (ASX:GLA). An unknown buyer acquired Bendoc Gold Project in New South Wales from Gladiator Resources Limited (ASX:GLA) on November 28, 2023.An unknown buyer completed the acquisition of Bendoc Gold Project in New South Wales from Gladiator Resources Limited (ASX:GLA) on November 28, 2023. Announcement • Oct 23
Gladiator Resources Limited, Annual General Meeting, Nov 23, 2023 Gladiator Resources Limited, Annual General Meeting, Nov 23, 2023, at 16:00 AUS Eastern Standard Time. Location: Suite 1, Level 11, 1 Castlereagh St Sydney New South Wales Australia Agenda: To consider the adoption of Remuneration; to consider the Re-election of Directors; to consider the mandate adoption of New Constitution Ratify a Prior Issue of Ordinary Shares Grant of Options to a related party Mr Peter Tsegas Grant of Options to a related party Mr Rod Chittenden Grant of Options to a related party Andrew Pedley; to consider the Increase in Aggregate Non-Executive Director Fees; to consider the approve an issue of securities to Director Greg Johnson Pursuant to Placement; to consider the approve an issue of securities to Director Matthew Boysen Pursuant to Placement; and to consider the approval of issue of Ordinary Shares. Announcement • Aug 10
Gladiator Resources Ltd Announces Board Changes Gladiator Resources Ltd. announced that it has made several board appointments to assist with the exploration of the highly prospective Tanzanian uranium portfolio. The transition was made to ensure a rapid progress of the Tanzanian uranium portfolio in the high grade uranium region which hosts the world class Mkuju River Project. The new board appointments are presented below. Peter Tsegas - Non-Executive Director: Peter resides in Tanzania and has over 20 years of experience in Africa engaging with both the private and government sector with mining projects in several commodities including uranium. Peter was instrumental in acquiring Gladiator's uranium projects. Peter has consulted to a number of Tanzanian government ministries and to mining companies including Rio Tinto. He was founder and managing director of Tancoal Energy Ltd. which he successfully took from exploration through to a Joint Venture with the Tanzanian Government and then to production. Peter is presently a non- executive director of Magnis Energy Technologies and Mantra Tanzania Limited. Andrew Pedley - Non-Executive Director: Mr. Pedley holds a Master's degree in Geology from the Cambourne School of Mines in England and has worked as a geologist in Africa for over 25 years including roles as Exploration Manager through to VP Exploration. Of particular relevance to Gladiator is that Mr. Pedley brings a wealth of uranium experience starting with his time as Exploration Manager for Uramin Inc. in 2006, which sold to Areva for USD 2.5B in 2007. Mr. Pedley brings specific skills in the exploration for uranium and the delineation of uranium Mineral Resource Estimates in accordance with JORC and ASX listing rules. He has acted as a Competent Person (CP) on several uranium projects and is a is a Registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP) and a Member of the Geological Society of South Africa (GSSA). Mr. Pedley resides in South Africa. Rod Chittenden - Non-Executive Director: Rod has 40 years of experience in the minerals industry across Africa, Australia and South America, both in executive management roles and metallurgical project development roles from exploration to production. Rod has largely resided in Africa for nearly two decades and is currently Project Director for Magnis Energy Technologies Nachu Graphite Project. Rod also played a key role in the development of Mantra Resources Mkuju River uranium project and the commissioning of Paladin Energy's Langer Heinrich and Kayelekara uranium projects. Prior to that Rod has worked for major miners including Newcrest and Barrick Gold. With the board transition undertaken, both James Arkoudis and David Chidlow have stepped off the board and Greg Johnson has been appointed as Non-Executive Chairman. Board Change • Nov 17
No independent directors There are 4 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: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD & Director David Chidlow is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Ian Richer was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 