New Risk • Jun 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$14.0m (US$9.82m) 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 (21% average weekly change). Negative equity (-CA$17m). Earnings have declined by 64% per year over the past 5 years. Market cap is less than US$10m (CA$14.0m market cap, or US$9.82m). Reported Earnings • May 28
First quarter 2026 earnings released: CA$0.02 loss per share (vs CA$0.009 loss in 1Q 2025) First quarter 2026 results: CA$0.02 loss per share (further deteriorated from CA$0.009 loss in 1Q 2025). Revenue: CA$7.93m (down 46% from 1Q 2025). Net loss: CA$2.64m (loss widened 125% from 1Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Apr 30
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 Canadian stocks, typically moving 14% 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 Negative equity (-CA$14m). Earnings have declined by 66% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$15.0m market cap, or US$11.0m). Reported Earnings • Apr 30
Full year 2025 earnings released: CA$0.11 loss per share (vs CA$0.075 loss in FY 2024) Full year 2025 results: CA$0.11 loss per share (further deteriorated from CA$0.075 loss in FY 2024). Revenue: CA$35.1m (up 17% from FY 2024). Net loss: CA$14.8m (loss widened 49% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Feb 26
President exercised options to buy CA$103k worth of stock. On the 19th of February, Matthew Klukas exercised options to buy 1m shares at a strike price of around CA$0.09, costing a total of CA$103k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since June 2025, Matthew's direct individual holding has decreased from 1.75m shares to 625.00k. Company insiders have collectively bought CA$167k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jan 06
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 Canadian stocks, typically moving 15% 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 Negative equity (-CA$4.6m). Earnings have declined by 67% per year over the past 5 years. Market cap is less than US$10m (CA$12.3m market cap, or US$8.92m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$3.5m). Share price has been volatile over the past 3 months (15% average weekly change). Reported Earnings • Nov 21
Third quarter 2025 earnings released: CA$0.028 loss per share (vs CA$0.01 loss in 3Q 2024) Third quarter 2025 results: CA$0.028 loss per share (further deteriorated from CA$0.01 loss in 3Q 2024). Revenue: CA$7.21m (down 13% from 3Q 2024). Net loss: CA$3.76m (loss widened 188% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2025 earnings released: CA$0.009 loss per share (vs CA$0.011 loss in 2Q 2024) Second quarter 2025 results: CA$0.009 loss per share (improved from CA$0.011 loss in 2Q 2024). Revenue: CA$7.55m (down 5.0% from 2Q 2024). Net loss: CA$1.24m (loss narrowed 17% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 14
Full year 2024 earnings released: CA$0.075 loss per share (vs CA$0.10 loss in FY 2023) Full year 2024 results: CA$0.075 loss per share. Revenue: CA$32.4m (up CA$32.3m from FY 2023). Net loss: CA$9.92m (loss widened 160% from FY 2023). Announcement • May 13
Criterium Energy Ltd. Provides Earnings Guidance for the Year 2025; Provides Earnings Guidance for the Period by the End of First Quarter 2026 Criterium Energy Ltd. provided earnings guidance for the year 2025; provided earnings guidance for the period by the end of first quarter 2026. For the year, the company expects production guidance 1,000 bbl/d- 1,200 bbl/d.
Criterium believes it has the potential to double current production by the end of First Quarter 2026 leveraging expected stable oil production, supported by a new round of workovers, and its ongoing gas development program, which it expects to fund from cash flow. Announcement • Apr 09
Criterium Energy Ltd., Annual General Meeting, Jun 17, 2025 Criterium Energy Ltd., Annual General Meeting, Jun 17, 2025. Reported Earnings • Nov 28
Third quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.029 loss in 3Q 2023) Third quarter 2024 results: CA$0.01 loss per share. Revenue: CA$8.27m (up CA$8.24m from 3Q 2023). Net loss: CA$1.31m (loss widened 18% from 3Q 2023). Announcement • Sep 13
Criterium Energy Ltd. Appoints Matthew Klukas to Its Board of Directors Criterium Energy Ltd. announced the appointment of Mr. Matthew Klukas, Chief Executive Officer, to its Board of Directors, where he will serve as an Executive Director. Mr. Klukas was appointed CEO of Criterium on September 6th 2024, bringing over 15 years of experience in the SE Asia energy sector. Prior to assuming the role of CEO, Mr. Klukas served as the Company's Chief Operating Officer since its recapitalization transaction in the fall of 2022 and has been instrumental in the development and execution of the Company's strategy to date. As an Executive Director, Mr. Klukas will work closely with the Board and management team to progress the strategic direction of the Company. Mr. Klukas holds a B.Sc in Geophysics from the University of Alberta, and an MBA from the University of Calgary. He currently serves as the Energy Advisor to the Canada ASEAN Business Counsel and is a Director of the Calgary Bridge Foundation for Youth. Announcement • Sep 11
Criterium Energy Ltd. Announces Resignation of Robin Auld as Director Criterium Energy Ltd. announced that Mr. Robin Auld has resigned as a director of the Company. Mr. Auld has been a director of the Company since its recapitalization in 2022. New Risk • Jul 01
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: -CA$4.0m 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 (-CA$4.0m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 80% per year over the past 5 years. Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Market cap is less than US$10m (CA$8.60m market cap, or US$6.29m). Minor Risk Revenue is less than US$5m (CA$6.1m revenue, or US$4.5m). Reported Earnings • Apr 28
Full year 2023 earnings released: CA$0.10 loss per share (vs CA$0.082 loss in FY 2022) Full year 2023 results: CA$0.10 loss per share (further deteriorated from CA$0.082 loss in FY 2022). Net loss: CA$3.81m (loss widened 188% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Mar 15
Criterium Energy Ltd., Annual General Meeting, May 23, 2024 Criterium Energy Ltd., Annual General Meeting, May 23, 2024. New Risk • Feb 08
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 Canadian 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 78% per year over the past 5 years. Shareholders have been substantially diluted in the past year (279% increase in shares outstanding). Revenue is less than US$1m (CA$128k revenue, or US$95k). Market cap is less than US$10m (CA$9.60m market cap, or US$7.13m). Recent Insider Transactions • Jan 11
Chief Operating Officer recently bought CA$50k worth of stock On the 3rd of January, Matthew Klukas bought around 455k shares on-market at roughly CA$0.11 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Matthew has been a buyer over the last 12 months, purchasing a net total of CA$65k worth in shares. New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 111% 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 78% per year over the past 5 years. Shareholders have been substantially diluted in the past year (111% increase in shares outstanding). Revenue is less than US$1m (CA$128k revenue, or US$96k). Market cap is less than US$10m (CA$9.53m market cap, or US$7.13m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.029 loss per share (vs CA$0.017 loss in 3Q 2022) Third quarter 2023 results: CA$0.029 loss per share (further deteriorated from CA$0.017 loss in 3Q 2022). Net loss: CA$1.11m (loss widened 80% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Oct 06
Criterium Energy Ltd. announced that it expects to receive CAD 12.2 million in funding Criterium Energy Ltd. announced that it has entered into a loan agreement to raise a convertible loan and issue 76,250,000 warrants for the total gross proceeds of CAD 12,200,000 on October 4, 2023. The convertible loan will be issued on or before the closing of the Acquisition and is subject to a number of conditions, including the closing of the public offering and the approval of the TSX Venture Exchange. The convertible loan shall bear interest at a rate of 14.75% per annum from the date of issue, accrued daily and payable monthly in cash. The loan will be convertible into common shares of the company at a price of CAD 0.16 per common share. Reported Earnings • Sep 01
Second quarter 2023 earnings released: CA$0.029 loss per share (vs CA$0.003 profit in 2Q 2022) Second quarter 2023 results: CA$0.029 loss per share (down from CA$0.003 profit in 2Q 2022). Net loss: CA$1.11m (down CA$1.13m from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Aug 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 Canadian 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 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (472% increase in shares outstanding). Revenue is less than US$1m (CA$177k revenue, or US$132k). Market cap is less than US$10m (CA$4.62m market cap, or US$3.44m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Jun 16
Criterium Energy Ltd. (TSXV:CEQ) executed a sale and purchase agreement to acquire Mont D'Or Petroleum Ltd. from Tourmalet Holdings Ltd. and others. Criterium Energy Ltd. (TSXV:CEQ) executed a sale and purchase agreement to acquire Mont D'Or Petroleum Ltd. from Tourmalet Holdings Ltd. and others on June 14, 2023. Criterium Energy will assume $32.5 million of outstanding debt which Criterium will reduce to $19.7 million post-closing through cash payments ($7.9 million) and conversion to equity ($2.5 million Common Shares at closing and $2.4 million converted in 2025). As set forth in the SPA, Criterium has committed to the following payments and issuance of securities upon closing - a nominal fee of $1 payable to the current MOPL shareholders, the issuance of Common Shares equivalent to $1 million to Tourmalet, cash payment of $7.9 million to MOPL to be distributed to current MOPL lenders, issuance of Common Shares and/or convertible notes equivalent to $5.75 million to select MOPL lenders and working capital injection into MOPL of approximately $8 million. The acquisition is subject to Criterium successfully completing the Public Offering and receiving TSXV approval for the acquisition. Reported Earnings • Apr 21
Full year 2022 earnings released: CA$0.016 loss per share (vs CA$0.001 profit in FY 2021) Full year 2022 results: CA$0.016 loss per share (down from CA$0.001 profit in FY 2021). Net loss: CA$1.32m (down CA$1.39m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings. Announcement • Feb 09
Criterium Energy Ltd. Confirms Significant 2C Gas Resource in the Lengo Gas Field, East Java Indonesia Criterium Energy Ltd. announced that an independent assessment of the Company's Contingent Resources in the Lengo gas field located in the Bulu Production Sharing Contract area in Indonesia has been completed by Netherland, Sewell & Associates Inc. The Resource Report is one of many key activities that Criterium has advanced since acquiring AWE(Asia) Ltd. and a 42.5% participating interest in the Bulu PSC in December 2022. These activities have confirmed the Lengo gas field is a large-scale gas resource with strong development potential. The independent assessment of Criterium's Contingent Resources in the Bulu PSC has been completed by NSAI in accordance with Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities with an effective date of December 31, 2022. Lengo Gas Development: Project Description: The Bulu PSC is located 65 km offshore of East Java in water depths of approximately 50 m. The Bulu PSC contains the Lengo gas field which was discovered in 2008 by the Lengo-1 well which flow tested 12.9 MMscf/d and appraised in 2013 by the Lengo-2 well which flow tested 20.6 MMscf/d. The drilling results identified a gas-water contact consistent with indicators on 3D seismic and a high-quality carbonate reservoir with an average porosity of 26%. The reservoir is a mid to lower Miocene carbonate build-up at a depth of approximately 700 meters and consists of an upper red algal zone and lower reefal zone that are in pressure communication. It is not uncommon for these carbonate reservoirs to produce above the 2C resource estimate. The Plan of Development was approved in 2014 and consists of an initial 4 well development with a pipeline delivering produced gas to the Tuban area in East Java. The Lengo gas contains impurities, including 12.4% CO2 which is common in many Indonesian basins. The CO2 will be removed to meet pipeline specifications and Criterium is exploring potential carbon sequestration options to mitigate environmental impacts. Criterium recently met with key project stakeholders who emphasized their desire for a quick and efficient development of the Lengo gas field. Criterium and its JV partners, are reviewing select elements of the approved plan of development to meet stakeholder requirements and optimize capital costs. As the development plan is refined Criterium will establish an updated economic case, expected in Second Quarter 2023, when the Contingent Resources are anticipated to be upgraded from 'Development on Hold' to 'Development Pending'. In August 2022, the Bulu PSC partners reached a key project milestone in signing the HOA with an industrial end-user in East Java. The gas is intended to supply growing industrial demand and feed current infrastructure and/or upgrades to existing facilities. Gas prices reflect the increased demand and dwindling supply and are anticipated to be in the range of $6.5 - $7.5/MMbtu on a long term take or pay contract. Criterium anticipates that the Bulu PSC partners will sign a binding GSA in Fourth Quarter 2023. Operations Update: In addition to developing the Lengo gas field, Criterium is active in numerous M&A processes and expects to be able to continue its growth trajectory in 2023. The priority will be to complement the Lengo development with cash-flowing producing assets where Criterium plans to create near term value. Announcement • Dec 22
Criterium Energy Ltd. (TSXV:CEQ) acquired AWE(Asia) Ltd for $1.6 million. Criterium Energy Ltd. (TSXV:CEQ) acquired AWE(Asia) Ltd for $1.6 million on December 20, 2022.Criterium Energy Ltd. (TSXV:CEQ) acquired AWE(Asia) Ltd on December 20, 2022. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Net loss: CA$616.6k (loss widened CA$607.0k from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Criterium Energy Ltd. Appoints David Dunlop as Independent Director Criterium Energy Ltd. announce that it has added David Dunlop, C.A., M.B.A., CFA, ICD.D as an Independent Director of the Company, effective immediately. Mr. Dunlop brings to Criterium's board over 30 years of leadership in the upstream and midstream energy industry. He has a proven track record of leading global finance teams through business acquisitions and integrations, external and internal reporting, internal controls and driving efficiencies through process improvements. These experiences and a recognized track record as a corporate director will provide the Company with strong guidance in his role as Independent Director and Chair of the Audit and Risk Committee. He is currently Senior Manager, Controller, Transmission Business Unit at Pembina Pipeline Corporation. Prior to Pembina, he was VP Finance at Veresen Inc. Prior to his role at Veresen, he held progressively senior roles within Talisman Energy including Vice President, Controller, and Vice President Planning and Process Improvement. During his time as Controller with Talisman Energy he developed a comprehensive understanding of the financial controls and procedures required for a listed Canadian international company operating in the SE Asia region. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chairman Brian Anderson was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 28
Softrock Minerals Ltd. announced that it has received CAD 5.399906 million in funding On September 26, 2022, Softrock Minerals Ltd. closed the transaction. The company issued 134,500,000 units for gross proceeds of CAD 5,400,000. The company paid each of Echelon Wealth Partners Inc., Canaccord Genuity Corp., Haywood Securities Inc. and iA Capital Markets a commission for their role in introducing purchasers. The commission was comprised of a cash fee equal to 5.0% of the gross proceeds received by the company from the finder's purchasers; and other than in the case of iA Capital Markets and such number of
warrants equal to 5.0% of the number of units issued to the finder's purchasers. The finders warrants have substantially the same terms and conditions as the warrants issued under the transaction. An aggregate of 1,277,500 finder's warrants were issued and an aggregate of CAD 52,100 in cash was paid to the finders. Announcement • Sep 27
Criterium Energy Ltd. Announces Management Changes Criterium Energy Ltd. announced the closing of its previously announced non-brokered private placement, the appointment of a new management team, the reconstitution of the board of directors of the company. The New Management Team, which was appointed concurrently with the completion of the Private Placement, includes Robin Auld as President and Chief Executive Officer, Matthew Klukas as Chief Operating Officer, Henry Groen as Chief Financial Officer, and Hendra Jaya as Director, Indonesia. Following the reconstitution of the Board, the Board now consists of two new directors, Robin Auld and Brian Anderson, and one continuing director, Michèle Stanners. Reported Earnings • Jul 27
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CA$62.9k (up 95% from 2Q 2021). Net income: CA$24.2k (up 355% from 2Q 2021). Profit margin: 39% (up from 17% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Board Change • Jun 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. 1 experienced director. 3 highly experienced directors. Independent Director Michèle Stanners was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 03
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. 1 experienced director. 3 highly experienced directors. Independent Director Michèle Stanners was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: CA$0 (vs CA$0.001 in 1Q 2021) First quarter 2022 results: EPS: CA$0 (down from CA$0.001 in 1Q 2021). Revenue: CA$39.8k (down 18% from 1Q 2021). Net income: CA$15.6k (down 67% from 1Q 2021). Profit margin: 39% (down from 97% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • May 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. 1 experienced director. 3 highly experienced directors. Independent Director Michèle Stanners was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 26
Softrock Minerals Ltd., Annual General Meeting, Apr 28, 2022 Softrock Minerals Ltd., Annual General Meeting, Apr 28, 2022. Board Change • Jan 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. 1 experienced director. 3 highly experienced directors. Independent Director Michèle Stanners was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CA$39.9k (down 49% from 3Q 2020). Net loss: CA$9.6k (down 117% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • Sep 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. 1 experienced director. 3 highly experienced directors. Independent Director Michèle Stanners was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$32.3k (up 341% from 2Q 2020). Net income: CA$5.3k (up CA$142.4k from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 09
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$73.5k (up 314% from 1Q 2020). Net income: CA$47.0k (up 353% from 1Q 2020). Profit margin: 64% (up from 58% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Apr 18
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$143.5k (up 41% from FY 2019). Net loss: CA$15.6k (loss narrowed 89% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Mar 03
CBLT Inc. (TSXV:CBLT) completed the acquisition of Shatford Lake Located in Winnipeg River-Cat Lake Pegmatite Field, Manitoba from Softrock Minerals Ltd. (TSXV:SFT). CBLT Inc. (TSXV:CBLT) entered into an agreement to acquire Shatford Lake Located in Winnipeg River-Cat Lake Pegmatite Field, Manitoba from Softrock Minerals Ltd. (TSXV:SFT) for CAD 0.03 million on February 8, 2021. Pursuant to the agreement CBLT will make a one-time payment of CAD 0.025 million to Softrock Minerals. CBLT will also grant to the Softrock a Net Smelter Return Royalty of 2%, one-half of which can be re-purchased at any time for CAD 1 million. The transaction is expected to close as soon as possible.
CBLT Inc. (TSXV:CBLT) completed the acquisition of Shatford Lake Located in Winnipeg River-Cat Lake Pegmatite Field, Manitoba from Softrock Minerals Ltd. (TSXV:SFT) on March 1, 2021. Announcement • Feb 09
CBLT Inc. (TSXV:CBLT) entered into an agreement to acquire Shatford Lake Located in Winnipeg River-Cat Lake Pegmatite Field, Manitoba from Softrock Minerals Ltd. (TSXV:SFT) for CAD 0.03 million. CBLT Inc. (TSXV:CBLT) entered into an agreement to acquire Shatford Lake Located in Winnipeg River-Cat Lake Pegmatite Field, Manitoba from Softrock Minerals Ltd. (TSXV:SFT) for CAD 0.03 million on February 8, 2021. Pursuant to the agreement CBLT will make a one-time payment of CAD 0.025 million to Softrock Minerals. CBLT will also grant to the Softrock a Net Smelter Return Royalty of 2%, one-half of which can be re-purchased at any time for CAD 1 million. The transaction is expected to close as soon as possible. Reported Earnings • Nov 28
Third quarter 2020 earnings released: EPS CA$0.001 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$77.6k (up 215% from 3Q 2019). Net income: CA$56.9k (up CA$53.4k from 3Q 2019). Profit margin: 73% (up from 14% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year and the company’s share price has also fallen by 13% per year. Announcement • Oct 08
Softrock Minerals Ltd. Announces Demise of Nicholas William "Nick" Taylor, Chairman of the Board The Board of Directors of Softrock Minerals Ltd. is sad to announce the passing of a Founder and long-time Chairman President and CEO: The Hon. Nicholas William "Nick" Taylor on October 3, 2020. He remained involved and engaged with Softrock through his last months; always the geologist and avid dealmaker. Stuart McDowall was recently appointed the Chairman of the Board of Softrock.