New Risk • Mar 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 (89% average weekly change). Negative equity (-CA$594k). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.23m market cap, or US$2.38m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Mar 07
Enerev5 Metals Inc. announced that it has received CAD 0.445 million in funding On March 5, 2026, Enerev5 Metals Inc. has closed the second and final tranche of its non-brokered private placement. The second tranche is composed of the sale of 13,000,000 units at a price of CAD 0.01 per unit for aggregate gross proceeds of CAD 130,000. Each unit consisted of one common share of the company and one share purchase warrant. Each warrant entitles the holder to acquire one share at an exercise price of five cents per warrant for a period of five years from closing date of the offering. Completion of the offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued and issuable will be subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. The company paid a commission to eligible finders in connection with the second tranche in the amount of CAD 10,400 and 1.3,000,000 non-transferable warrants to purchase units at a price of five cents per broker warrants. The broker units are subject to the same terms as the units sold under the offering. Announcement • Feb 13
Enerev5 Metals Inc. Appoints Douglas M. Flett to Board of Directors Enerev5 Metals Inc. announced the appointment of Douglas M. Flett, J.D. to the board of directors of the Company. Mr. Flett is a lawyer and mining executive with more than two decades of board experience in the resource sector. He has served as a director of Canada Chrome Company (formerly KWG Resources Inc.) since 2006 and as a director of Silver Elephant Mining Corp. since 2023. He is a former director of Debut Diamonds Inc. and Tartisan Nickel Corp. Mr. Flett holds a law degree from the University of Windsor and previously operated his own corporate-commercial and real estate law firm. He also completed the Rotman Institute of Corporate Directors SME Program, with a focus on corporate governance and board oversight. The addition of Mr. Flett enhances Enerev5's board with extensive legal, governance, and mining industry experience as the Company advances its strategic growth initiatives. Announcement • Jan 28
Enerev5 Metals Inc., Annual General Meeting, Mar 23, 2026 Enerev5 Metals Inc., Annual General Meeting, Mar 23, 2026. Board Change • Apr 07
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. 2 non-independent directors. Independent Director Michael Cachia was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$64k free cash flow). Shares are highly illiquid. Negative equity (-CA$439k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.39m market cap, or US$975.9k). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Jan 30
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$64k 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$64k free cash flow). Shares are highly illiquid. Negative equity (-CA$439k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.21m market cap, or US$836.3k). Board Change • Dec 27
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. 2 non-independent directors. Independent Director Michael Cachia was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 03
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. 2 non-independent directors. Independent Director Michael Cachia was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 27
Enerev5 Metals Inc. announced that it expects to receive CAD 0.15 million in funding Enerev5 Metals Inc. announced a private placement that it will issue up to 15,000,000 units at an issue price of CAD 0.01 per unit for the gross proceeds of up to CAD 150,000 on September 26, 2024. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.05 for a period of five years from the date of issue. Insiders of the Company may participate in issuance of such common shares. All securities issued in these offerings are subject to a 4-month hold period from the date of closing. Board Change • Feb 26
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. 6 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Michael Cachia was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 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$322k 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$322k free cash flow). Shares are highly illiquid. Negative equity (-CA$413k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.41m market cap, or US$1.74m). Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Announcement • Oct 13
Enerev5 Metals Inc. Commences Exploration Program on its Goals Met Energy Metals Project Enerev5 Metals Inc. announced the commencement of an exploration program on its wholly owned Goals Met project in Quebec consisting of an airborne geophysical survey designed to identify and confirm the contact of a large anorthosite intrusion on the property. The airborne survey is planned to commence within the next week, weather permitting. The plan is to fly 120 kilometres of helicopter-borne AirTEM lines in an effort to better identify the Contact and any conductors along the estimated 20 kilometres of Contact length across the property. The Contact is strongly magnetic making exploration best suited using a helicopter time domain electromagnetic and magnetic geophysical survey system. Such systems can explore to depths of 300 meters and are ideal for direct drill programs. Enerev5's Goals Met property is located about three kilometres from the staging area for the helicopter-borne survey. The staging area is located adjacent to a highway used to service four hydroelectric power stations owned by Hydro-Quebec. The highway connects this area to the town of Havre-Saint-Pierre, to the south, on the north shore of the St. Lawrence River in Eastern Quebec. Being close to criticalinfrastructure is advantageous for exploration in this underexplored area of Quebec. Activity in the area includes work being done by at least six other groups, one of which is Go Metals Corp. and its HSP nickel-copper exploration project located less than 20 kilometres to the north-northeast of the Goals Met property. Go Metals is planning follow-up drilling after completing its geophysics program announced on September 19, 2023. The Goals Met claims were acquired through the staking of 135 mining claims comprising approximately 7,290 hectares. The claims were acquired in keeping with the Company's focus on exploration and development potential related to critical energy metals such as nickel, copper and cobalt, in mining friendly and politically stable jurisdictions. Announcement • Jul 15
Enerev5 Metals Inc., Annual General Meeting, Sep 25, 2023 Enerev5 Metals Inc., Annual General Meeting, Sep 25, 2023. Announcement • Dec 20
Enerev5 Metals Inc. announced that it has received CAD 0.3925 million in funding On December 19, 2022, Enerev5 Metals Inc. closed the transaction. The company issued 7,850,000 units for gross proceeds of CAD 392,500. The securities issued are subject to a hold period of four months plus a day from closing. The transaction included participation from William F. White for 1,000,000 units sold in the third tranche. Board Change • Nov 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Independent Director Michael Cachia is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 01
Enerev5 Metals Inc. (TSXV:ENEV) acquired 447 mining claims comprising approximately 24,000 ha in the Province of Quebec. Enerev5 Metals Inc. (TSXV:ENEV) acquired 447 mining claims comprising approximately 24,000 ha in the Province of Quebec on October 31, 2022.
Enerev5 Metals Inc. (TSXV:ENEV) completed the acquisition of 447 mining claims comprising approximately 24,000 ha in the Province of Quebec on October 31, 2022. Announcement • Oct 13
Enerev5 Metals Inc. Appoints Errol Farr as Corporate Secretary Enerev5 Metals Inc. announced that it has appointed Errol Farr to replace resigning CFO, Philip Gibbs, as Chief Financial Officer and Corporate Secretary. Mr. Farr, CPA, CMA, is a seasoned financial professional with over 35 years of experience in financial management and reporting, operations, business optimization and strategy development. He currently is CFO, COO and Corporate Secretary of Zonetail Inc., a locally based, marketing and technology company, focused on the high-rise residential and hotel markets, CFO of AurCrest Mining Inc., with gold properties in Red Lake, Ontario, and CFO and Corporate Secretary of AFR NuVenture Resources Inc., a mining exploration company with projects in the United States and Canada. He is former CFO of Anaconda Mining Inc., a gold producer, former President and CEO of Adex Mining Inc., where he led the development plans of the Mount Pleasant mine site in New Brunswick, Canada, and former CFO of MagIndustries Corp. where he participated in the development of its potash project and led the development of its forestry assets including the construction of its $30 million wood chipping mill in the port city of Pointe Noire, Republic of Congo. He is also formerly the Performance Mentor at a private industrial tape converter. Announcement • Oct 12
Enerev5 Metals Inc. Announces Executive Changes Enerev5 Metals Inc. announced that it has appointed Errol Farr to replace resigning CFO, Philip Gibbs, as Chief Financial Officer and Corporate Secretary. The Company would like to thank Mr. Gibbs for his contributions to the Company which are much appreciated, and the Company wishes him well in the future. Mr. Farr, CPA, CMA, is a seasoned financial professional with over 35 years of experience in financial management and reporting, operations, business optimization and strategy development. He currently is CFO, COO and Corporate Secretary of Zonetail Inc., a locally based, marketing and technology company, focused on the high-rise residential and hotel markets, CFO of AurCrest Mining Inc., with gold properties in Red Lake, Ontario, and CFO and Corporate Secretary of AFR NuVenture Resources Inc., a mining exploration company with projects in the United States and Canada. He is former CFO of Anaconda Mining Inc., a gold producer, former President and CEO of Adex Mining Inc., where he led the development plans of the Mount Pleasant mine site in New Brunswick, Canada, and former CFO of MagIndustries Corp. where he participated in the development of its potash project and led the development of its forestry assets including the construction of its $30 million wood chipping mill in the port city of Pointe Noire, Republic of Congo. He is also formerly the Performance Mentor at a private industrial tape converter. Announcement • Aug 05
Enerev5 Metals Inc. announced that it expects to receive CAD 0.25 million in funding Enerev5 Metals Inc. announced a brokered private placement of units for gross proceeds of up to CAD 250,000 on August 4, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.1 per share for a period of two years from the date of closing.
On the same day, the company issued 1,600,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 80,000 in its first tranche. The securities issued in the first tranche are subject to four months and one day hold period expiring on December 5, 2022. Announcement • Jul 13
Enerev5 Metals Inc. announced that it has received CAD 0.25178 million in funding On July 11, 2022, Enerev5 Metals Inc. closed the transaction. The company has raised CAD 36,280 from the sale of 725,600 units at a price of CAD 0.05 per unit in its fourth and final tranche closing. The company issued an aggregate of 5,035,600 units in all tranches of the private placement raising aggregate gross proceeds of CAD 251,780. The transaction involved participation from two investors. William White subscribed for 3,000,000 units and and a pro group consisting of one investor subscribed for 2,035,600 units. The company paid the placement agent, IBK Capital Corp., a cash fee of CAD 3,265, and issued to the placement agent 72,560 non-transferable broker warrants in connection with the completion of the final tranche. All securities issued in the private placement are subject to a 4-month hold period. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Michael Cachia is the most experienced director on the board, commencing their role in 2015. Independent Director John O’Donnell was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Mar 10
Enerev5 Metals Inc. announced a financing transaction Enerev5 Metals Inc. announced a brokered private placement for gross proceeds of up to CAD 500,000 on March 8, 2022. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of CAD 0.10 for a period of two years from the date of issue. The company paid the agent a a cash fee of CAD 13,500, and issued to the agent 300,000 non-transferable broker warrants in connection with the completion of the first tranche. Each broker warrant entitles the holder to acquire one unit of the company at a price of CAD 0.05 until March 7, 2024. All securities issued in the first tranche are subject to a 4-month hold period. A greater than 10% shareholder of the company acquired all 3,000,000 units sold in the first tranche.
On the same date the company has completed a first tranche of the placement with the issue and sale of 3,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 150,000. Executive Departure • May 01
President & COO Lance Hooper has left the company On the 30th of April, Lance Hooper's tenure in the role of President & COO ended. As of December 2020, Lance personally held 3.18m shares (CA$222k worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Feb 09
Cobalt Blockchain Appoints Board Members to Special Advisory Committee Cobalt Blockchain Inc. announced that it has appointed Messrs. Julian Knight, Ngoy Kaumba Banza, Simeon Tshisangama, and Benjamin Clair, as members of its Special Advisory Committee. The Special Advisory Committee will provide guidance to the Board of Directors and management on strategic and operational matters of particular relevance to operations in the Democratic Republic of the Congo ("DRC"), as well as in other jurisdictions and industry verticals of interest. Announcement • Feb 02
Cobalt Blockchain Inc. Announces the Resignation of Lance Hooper as President and Chief Operating Officer Effective April 30, 2021 Cobalt Blockchain Inc. announced a change in management, the formation of a Special Advisory Committee. The Company announced that Mr. Lance Hooper will be leaving the Company effective April 30, 2021. Mr. Hooper has served as President and Chief Operating Officer since December 2017, when he was appointed in connection with the Company's acquisition of Belair African Metals SARL. Announcement • Dec 23
Cobalt Blockchain Inc. announced that it has received CAD 2.005 million in funding On December 21, 2020, Cobalt Blockchain Inc. (TSXV:COBC) closed the transaction. The company issued 40,100,000 units for the gross proceeds CAD 2,005,000. Announcement • Sep 22
Cobalt Blockchain Inc., Subject to Regulatory Approval, Appoints John F. O'Donnell as A Member of the Board of Directors Cobalt Blockchain Inc. announced that subject to regulatory approval, John F. O'Donnell, BA, LLB has been appointed as a member of the Board of Directors of the Company, filling the vacancy arising from the resignation of Mr. H.J. Blake, QC. Mr. O'Donnell is a businessman and lawyer based in Toronto, Canada, and is primarily involved in the fields of corporate finance and securities law. Mr. O'Donnell has previously served as counsel to, and/or a director, officer, or chairman of several private and publicly traded technology, biotechnology, and resource companies with projects located in North America, South America, Asia, Africa, and Europe - including RX Gold & Silver (now Americas Gold and Silver), Peloton Minerals, African Metals, POET Technologies, and Nerium Biotechnology. Announcement • Aug 18
Cobalt Blockchain Inc. Announces Executive Changes Cobalt Blockchain Inc. announced that Mr. Peter Copetti takes on the role of Chief Executive Officer (CEO). Peter Hooper is stepping down as CEO, but will continue to serve as a board member and in an executive advisory capacity. 