New Risk • Mar 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 (26% average weekly change). Negative equity (-CA$3.4m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.66m market cap, or US$3.39m). Announcement • Mar 03
Brasnova Energy Materials Inc., Annual General Meeting, Apr 29, 2026 Brasnova Energy Materials Inc., Annual General Meeting, Apr 29, 2026. Announcement • Jan 20
Brasnova Energy Materials Inc. announced that it expects to receive CAD 0.75 million in funding Brasnova Energy Materials Inc announced a non-brokered private placement to issue 7,500,000 unit at an issue price of CAD 0.10 for the proceeds of CAD 750,000 on January 19, 2026. Each unit consisting of one common share of the company and one common share purchase warrant, with each warrant being exercisable for an additional common share at an exercise price of CAD 0.20 for 24 months. Finders' fees in accordance with TSX Venture Exchange policies may apply to the financing. New Risk • Jan 09
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 21% 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 (-CA$942k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$3.4m). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.54m market cap, or US$2.54m). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Nov 29
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$942k 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$942k free cash flow). Negative equity (-CA$3.4m). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.98m market cap, or US$2.85m). Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Announcement • Aug 08
Brasnova Energy Materials Inc. announced that it expects to receive CAD 1 million in funding Brasnova Energy Materials Inc announced a non-brokered private placement financing to issue 5,000,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 1,000,000 on August 6, 2025. Each unit consisting of one common share and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of CAD 0.30 for 36 months. The warrants will be subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above CAD 1.00 for a period of 10 consecutive trading days. All securities issued pursuant to the financing will be subject to a four-month hold. Finders fees in cash and non-transferable broker warrants, and in accordance with Exchange policies may be paid in relation to the Financing. New Risk • Jul 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$3.5m). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.18m market cap, or US$5.96m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • Jul 03
Sonoran Desert Copper Corporation announced that it has received CAD 1 million in funding On July 3, 2025, Sonoran Desert Copper Corporation closed the transaction. The company issued 5,200,000 Units at a price of CAD 0.1 for aggregate gross proceeds of CAD 520,000 in its second and final tranche. Five Insiders of the company participated in the financing for an amount of CAD 358,000. The total amount raised equals CAD 1,000,000. New Risk • May 07
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$1.0m 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$1.0m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$3.4m). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.74m market cap, or US$1.99m). 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$2.7m). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.22m market cap, or US$1.61m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Feb 10
Sonoran Desert Copper Corporation, Annual General Meeting, Mar 31, 2025 Sonoran Desert Copper Corporation, Annual General Meeting, Mar 31, 2025. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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 (19% average weekly change). Negative equity (-CA$2.7m). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.42m market cap, or US$2.39m). Announcement • Nov 21
Sonoran Desert Copper Corporation announced that it expects to receive CAD 0.75 million in funding SONORAN DESERT COPPER CORPORATION announced a non-brokered private placement financing to issue 5,000,000 units at an issue price of CAD 0.15 per unit for the gross proceeds of CAD 750,000 on November 20, 2024. Each Unit consisting of one common share of the company and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of CAD 0.30 for 24 months. Finders' fees in accordance with TSX Venture Exchange policies may apply to the financing. All securities issued pursuant to the financing will be subject to a four-month hold. New Risk • Jul 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% 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 (21% average weekly change). Negative equity (-CA$2.4m). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.54m market cap, or US$5.47m). Announcement • Jul 14
Sonoran Desert Copper Corporation announced that it has received CAD 1.01075 million in funding On July 12, 2024, Sonoran Desert Copper Corporation, closed the transaction. The company has issued 10,107,500 units in the transaction. Three insiders subscribed to the financing for CAD 150,000 or 1,500,000 units. New Risk • Jun 27
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$946k 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$946k free cash flow). Negative equity (-CA$2.4m). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.86m market cap, or US$2.09m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Negative equity (-CA$2.2m). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.59m market cap, or US$1.89m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Mar 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 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). Negative equity (-CA$2.2m). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.86m market cap, or US$2.10m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Nov 22
Sonoran Desert Copper Corporation announced that it expects to receive CAD 0.5 million in funding Sonoran Desert Copper Corporation announced a private placement of up to 2,500,000 units at a price of CAD 0.20 per unit for the gross proceeds of up to CAD 500,000 on November 21, 2023. Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant being exercisable for an additional common share at an exercise price of CAD 0.50 for 24 months. The warrants are subject to the right of the Company to accelerate the exercise period if, after the expiration of the 4-month hold, shares of the Company close at or above CAD 1 for 10 consecutive trading days. Finders' fees in accordance with TSX Venture Exchange policies may apply to the financing and all securities issued will be subject to a statutory four-month hold period. Announcement • Oct 20
Sonoran Desert Copper Corporation, Annual General Meeting, Dec 21, 2023 Sonoran Desert Copper Corporation, Annual General Meeting, Dec 21, 2023. Announcement • Aug 29
Sonoran Desert Copper Corporation announced that it has received CAD 0.8185 million in funding from Nexvu Capital Corp. On August 28, 2023, Sonoran Desert Copper Corporation closed the transaction. The company issued 8,654,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 432,700 in the second and final tranche. The company has raised 16,370,000 units in the transaction for the gross proceeds of CAD 818,500. The transaction included participation from returning investor Nexvu Capital Corp who have subscribed for 1,200,000 units at an issue price of CAD 0.05 for the gross proceeds of CAD 60,000. The company has paid the finders' fees totaling CAD 3,440 have been paid and 68,800 non-transferable broker warrants exercisable at CAD 0.10 for 36 months have been issued to Leede Jones Gables Inc. The transaction was oversubscribed. The transaction is subject to TSX Venture Exchange for the approval. Announcement • Dec 10
Prime Meridian Resources Corp. Announces La Verde Project Update Prime Meridian Resources Corp. announced The La Verde Project consists of multiple Copper-Zinc-Silver-Gold skarns and breccias along with the potential for a proximal copper porphyry based on encouraging results from previous exploration. Copper mineralization typically occurs as copper oxides, primarily malachite, chrysocolla and chalcocite, with sulphides reported in small zones and at depth. The La Verde Grande mine, which was the subject of historical production between 1903 and 1981 is the most advanced of the known targets at the La Verde Project, as it has a historical ore reserve estimate for the central mineralized zone that covers only 110 metres of strike length. The La Verde Grande orebody is also located close to the surface which is ideal for low strip ratios. Metallurgical testing by various companies has consistently shown favourable results with average recoveries for silver by floatation of approximately 80% and copper and zinc of approximately 86% and 76%, respectively through acid leaching. The La Verde Grande orebody remains open along strike to the southwest and northeast and within the project boundaries there are numerous other copper-silver skarn occurrences that have been located within the concessions surrounding the La Verde Grande Mine. The combined results of recent underground and surface trench rock chip sampling at the La Verde Grande orebody have defined a horizontally oriented mineralized body approximately 50 to 70 metres wide, 35 to 50 metres thick and over 250 metres in length. Magnetic and IP/Resistivity geophysical surveys over the La Verde Grande orebody indicated that the deposit might extend over a strike length of more than 400 metres. The survey also identified three additional anomalies in the immediate vicinity to the La Verde Grande Mine deposit (immediately southeast of the deposit, 100 metres west of the deposit, and 250 metres southwest of the deposit). Announcement • Dec 07
Prime Meridian Resources Corp. (TSXV:PMR) signed letter of intend to acquire El Chuin Copper Project. Prime Meridian Resources Corp. (TSXV:PMR) signed letter of intend to acquire El Chuin Copper Project on November 26, 2022. Announcement • Nov 26
Prime Meridian Resources Corp. announced that it expects to receive CAD 1 million in funding Prime Meridian Resources Corp. announce a non-brokered private placement of 20,000,000 units at a price of CAD 0.05 per unit for total gross proceeds of CAD 1,000,000 on November 25, 2022. Each unit consist of one common share of the company and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of CAD 0.10 per share for 36 months. The warrants will be subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above CAD 0.50 for a period of 10 consecutive trading days. Finders' fees in accordance with TSX Venture Exchange policies
may apply to the transaction. 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. 3 experienced directors. 1 highly experienced director. Independent Director Maria Conejo was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. 3 experienced directors. 1 highly experienced director. Independent Director Maria Conejo was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 23
Prime Meridian Resources Corp. announced that it expects to receive CAD 1.5 million in funding Prime Meridian Resources Corp. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1.500,000 on July 22, 2022. Each unit includes one common share and one common share purchase warrant. Each common share purchase warrant is exercisable at CAD 0.10 for a period of 3 years. The Company may pay finders fees on the proceeds of the offering. All securities issued will be subject to a statutory four-month hold period. The company has the right to accelerate the exercise period on the warrants if, after the expiry of the 4 months hold, the common shares of the company close at or above CAD 0.50 for a period of 10 consecutive trading days. Board Change • May 24
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. 3 experienced directors. 1 highly experienced director. Independent Director Maria Conejo was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 