Announcement • Apr 10
Future Fuels Inc. announced that it has received CAD 1.999999 million in funding On April 8, 2026. Future Fuels Inc. announced that it has closed the transaction. Announcement • Feb 27
Future Fuels Inc. (TSXV:FTUR) entered into an agreement to acquire Hatchet Uranium Corp. from ValOre Metals Corp. (TSXV:VO). Future Fuels Inc. (TSXV:FTUR) entered into an agreement to acquire Hatchet Uranium Corp. from ValOre Metals Corp. (TSXV:VO) on February 26, 2026. Under the terms of the Amalgamation Agreement, HUC will amalgamate with Subco, and Future Fuels will acquire all of the outstanding securities of HUC on the following basis: (i) each common share of HUC will be exchanged for 0.760836 of a common share in the capital of Future Fuels and (ii) each common share purchase warrant of HUC will be exchanged for 0.760836 of a common share purchase warrant of Future Fuels. In total, it is expected that there will be 19.7 million HUC Shares and 1.4 million HUC Warrants issued and outstanding immediately prior to the completion of the Acquisition, and that approximately 15 million Consideration Shares and 1.1 million Consideration Warrants will be issued to the former securityholders of HUC upon completion of the Acquisition. HUC holds interests in five claim blocks, which are Hatchet Lake, CBX/Shoe, Usam, Genie and Highway.
Upon completion of the Acquisition, HUC will continue as a wholly-owned subsidiary of Future Fuels and is expected to change its name to “Future Fuels Athabasca Inc.”
The completion of the acquisition is subject to certain conditions, which are: (a) the Exchange shall have conditionally approved the Acquisition (b) the shareholders of HUC shall have approved the Acquisition and Amalgamation at a special meeting of the HUC
shareholders; (c) rights of dissent with respect to the amalgamation shall not have been exercised by HUC shareholders holding more than 10% of the outstanding HUC Shares; and (d) HUC shall have a working capital deficit of not more than $200,000 and no long-term debt as at the Closing Date. Announcement • Jan 16
Future Fuels Inc. Announces the Results of Its 2025 Ground Gravity Survey At Its 100%-Owned Hornby Basin Uranium Project Future Fuels Inc. announced the results of its 2025 ground gravity survey (the "Survey") at its 100%-owned Hornby Basin Uranium Project (the "Hornby Project" or the "Project"), located approximately 95 kilometres southwest of Kugluktuk, Nunavut. The Survey was completed by EarthEx Geophysical Solutions Inc. (EarthEx) and represents the most detailed gravity dataset ever acquired across the Hornby Basin uranium district. The program successfully delineated several high-priority gravity anomalies spatially associated with major structural corridors, stratigraphic boundaries, and known uranium mineralization, significantly advancing Future Fuels' understan Ding of subsurface density architecture across the Mountain Lake area. The 2025 program forms part of Future Fuels' broader district-scale exploration strategy at the Hornby Project, supporting the Company's objective of expanding on the historical Mountain Lake uranium system and identifying additional mineralized zones along the Helmut-Imperial structural corridor. Field operations were conducted between mid-September and early October. The Company more than doubled the size of the historical IsoEnergy gravity data set, and EarthEx merged the new data together with the datasets from 2022 and 2024. The field program deployed multiple Scintrex CG-5 gravimeters and a dual-frequency Emlid Reach RS2/RS2+ RTK GNSS system. The 2025 campaign included establishing and verifying control stations, drift testing all instruments through extended 24-hour warm-up cycles, and performing daily tie-ins to the Gravity Control Station (GCS) established during the 2024 program. Raw GNSS and gravity data were quality-controlled daily, uploaded from camp, and processed off-site using the Oasis Montaj Gravity and Terrain Correction Module. All newly acquired gravity data were corrected for instrument drift, levelled to the GCS, and merged with the 2022 and 2024 data. Elevation corrections were calculated using high-resolution ArcticDEM models reprojected for NAD83 (CSRS) UTM Zone 11N, and Complete Bouguer Anomaly ("CBA") values were generated at a density of 2.67 g/cm3. The merged dataset was gridded at 12.5-metre resolution, and tilt-derivative filtering was applied to enhance subtle density contrasts. The resulting product is a unified, district-scale gravity dataset that correlates strongly with mapped stratigraphy, topographic breaks, and major structural features across the Helmut -Imperial corridor. A pronounced northeast-southwest trending gravity fabric dominates the survey area, consistent with the regional structural grain of the Hornby Basin. EarthEx interprets the dataset across three principal structural domains. North of the Helmut Fault, the gravity field is relatively smooth and subdued, likely reflecting significant overburden thickness rather than bedrock density variations. No features in this northern domain are interpreted to be directly related to uranium mineralization. Between the Helmut and Imperial Faults, the survey reveals several discrete gravity highs and lows that correspond with mapped Unit 11 -Unit 12 contacts and subordinate faults. Within this central structural block, four priority anomalies (Grav_Anom_1 through Grav_Anom_4) were highlighted, two of which occur immediately adjacent to stratigraphic boundaries known to influence uranium emplacement. In the southwestern portion of this domain, two of the anomalies remain open beyond the 2025 survey limits, suggesting potential extension into areas requiring additional infill and edge closure work. The most significant results arise from the structurally complex zone south of the Imperial Fault, which hosts the historical Mountain Lake uranium system. Here, the CBA data show a pronounced, localized gravity high (Grav_Anom™?) that spatially coincides with the known systems footprint. This response is particularly notable because the system occurs at surface within low-density Unit 12 sediments and areas of presumed thick overburden. The persistence of a strong, positive gravity anomaly in the region of the large, positive gravity anomaly in the area. New Risk • Dec 19
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$4.1m 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$4.1m free cash flow). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$66.1m market cap, or US$48.0m). New Risk • Nov 21
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 Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (181% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$65.4m market cap, or US$46.4m). Announcement • Nov 01
Future Fuels Inc. announced that it has received CAD 2.21981 million in funding On October 31, 2025, Future Fuels Inc closed the transaction. The company announced that it has received 2,959,747 flow-through units at an issue price of CAD 0.75 per unit for gross proceeds of CAD 2,219,810.25. Each FT unit consists of one charity flow-through common share and one common share purchase warrant. Each FT warrant is exercisable to acquire one common share at a price of CAD 0.80 per warrant share for a period of 24 months from the date hereof. Announcement • Oct 20
Future Fuels Inc. Concludes the Phase One Gravity Exploration Program at its Wholly Owned Hornby Basin Project Future Fuels Inc. announced that it has concluded the Phase One gravity exploration program (the "G Gravity Survey") at its wholly owned Hornby Basin Project (the "Hornby Project" or the "Project"), located approximately 95 kilometres southwest of Kugluktuk, Nunavut. Highlights. A 2,000-hectare Gravity Survey with 200-400 m line spacing and 100 m station intervals was completed over the Mountain Lake uranium system and radioactive boulder trains at Curiosity and Sauna Lakes, where Imperial Oil reported up to 6% U3O8 in 1973 (AR 080161). The goal of the gravity survey was to build on the success of two previous surveys (2022 and 2024) that demonstrated gravity/density can distinguish between Unit 11 sandstones and Unit 12 shales and highlight structural offsets and controls on uranium mineralization (Aurora Geosciences, 2022, 2024). Operators in the Athabasca and Thelon basin have also recognised gravity surveys are effective in identifying alteration associated with unconformity style uranium systems. Results of the gravity survey are currently being processed and will be presented as soon as they become available. The two historical surveys at Mountain Lake demonstrated the effectiveness of the method in mapping uranium mineralization and stratigraphy: 2022 Aurora Geosciences survey (IsoEnergy Ltd.) 84 stations over an ~800 x 1,300 m grid successfully mapped the eastern portion of the Mountain Lake uranium system. A gravity high was coincident with mineralization, while a secondary high was consistent with a nearby intrusion (Aurora geosciences, 2022). Field operations are guided by a detailed Environmental and Wildlife Management Plan, including measures to protect caribou, muskox, and migratory birds. Engagement with the Kitikmeot Inuit Association, local Hunters and Trappers Organization, and the Hamlet of Kugluktuk is ongoing, with opportunities for community participation in the program. Announcement • Sep 06
Future Fuels Inc. announced that it expects to receive CAD 2.25 million in funding Future Fuels Inc. announced a non-brokered private placement to issue 3,000,000 flow-through units at an issue price of CAD 0.75 for gross proceeds of CAD 2,250,000 on September 6, 2025. Each FT unit will consist of one flow-through common share and one flow-through common share purchase warrant. Each FT warrant will be exercisable to acquire one common share at a price of CAD 0.8 per warrant share for a period of 24 months from the closing date. The LIFE offering is expected to close on or about September 23, 2025, or such other date as determined by the company, such date being no later than 45 days from the date hereof. The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The company may pay finders' fees in connection with the LIFE offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Completion of the LIFE offering is subject to customary conditions and the receipt of all necessary approvals. Announcement • Aug 22
Future Fuels Inc. announced that it has received CAD 1.5 million in funding On August 21, 2025. Future Fuels Inc. announced that it has closed the transaction. Announcement • Jul 18
Future Fuels Inc. announced that it expects to receive CAD 1.5 million in funding Future Fuels Inc. announces a non-brokered private placement to issue 3,750,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 1,500,000 on July 17, 2025. Each Unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.60 for a period of two years from the date of issuance. The Company may pay finder’s fees in accordance with applicable securities laws and TSX Venture Exchange policies. All securities issued will be subject to a hold period of four months and one day from the date of issuance. Announcement • Jun 20
Future Fuels Inc. Reports Results of Hyperspectral Survey At the Hornby Basin Uranium Project Future Fuels Inc. reported the results of a hyperspectral remote sensing survey conducted at its 100%-owned Hornby Basin Uranium Project (the "Hornby Project" or the "Project"), located in the Hornby Basin, Nunavut Territory. The hyperspectral survey (the "survey") successfully identified mineralogical, geochemical, and gas anomalies consistent with known uranium mineralization at the Project, generating over 100 anomaly clusters. The anomalous hyperspectral results will be integrated with the company's exploration model and will provide additional targets to ground truth in the upcoming exploration season. Confirmed spectral anomalies associated with muscovite, illite, pyrite, and chert-all minerals linked to sandstone-hosted uranium systems. Gas anomalies for helium (He), hydrogen (H2), carbon dioxide (CO2), and methane (CH4) detected above the Mountain Lake Uranium System, are interpreted to be related to radioactive decay of the system and redox-related processes. ~100 anomalous zones were generated using spectral and gas classifier models outside of the known mineralized extent of the Mountain Lake System area. A multivariate classifier trained on the spectral fingerprint of the Mountain Lake area identified 100. high-priority targets with similar spectral responses -excluding the known system itself-to guide future prospecting. The gas component of the survey revealed elevated He, CH4, and CO2 concentrations that are potentially linked to: Radiogenic decay of uranium and thorium (He) Redox and microbial activity involving pyrite and muscovite (CH4 and CO2) These anomalies indicate active geochemical pathways from depth, potentially marking concealed mineralization. Additionally, SAR backscatter analysis provided dielectric constant estimates, with higher values over Mountain Lake associated with moisture-bearing alteration minerals. The dielectric signature supports the remote detection of alteration zones even under shallow cover. The survey results strongly support the exploration model for a near-surface, sandstone-hosted uranium system with spectral and gas signatures consistent with known high-grade mineralization. These insights will be integrated into Phase 2 exploration planning. A hyperspectral survey is a remote sensing technique that analyzes light reflected from the Earth's surface across a wide range of wavelengths, well beyond what the human eye can see. Each mineral reflects light in a unique way, creating a "spectral signature" that can be used to identify specific materials on the ground, such as clays, oxides, or sulfides commonly associated with mineral deposits. Announcement • Jun 13
High Priority Conductive Em Anomalies Identified in Hornby Basin; Marketing Update Future Fuels Inc. is announced that it has received the results from Southern Geoscience Consultants, which includes a comprehensive review of all historical geophysical surveys completed across the Company's significant land package in the Hornby Basin, Nunavut Territory (the "Project" or the "Hornby Project"). The reinterpretation identified 22 high-priority uranium exploration targets that remain untested by previous drilling programs. The results of the comprehensive geophysical review identified 22 priority electro-magnetic (EM) conductor targets that have not been sufficiently tested by historical exploration programs. In addition, over 1,800 individual conductor picks and 130 conductor axes were identified, with each having the potential to be upgraded to a target as the Company continues to integrate additional new and historical datasets. New Risk • Mar 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$1.8m 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 (-CA$1.8m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.4m market cap, or US$10.7m). Announcement • Feb 18
Future Fuels Inc. (TSXV:FTUR) completed the acquisition of Mountain Lake Property in Nunavut from IsoEnergy Ltd. (TSX:ISO). Future Fuels Inc. (TSXV:FTUR) signed an an asset purchase agreement to acquire Mountain Lake Property in Nunavut from IsoEnergy Ltd. (TSX:ISO) for CAD 3.9 million on November 13, 2024. The consideration consists of 12.5 million common equity of Future Fuels Inc. to be issued for assets of Mountain Lake Property in Nunavut. Future Fuels Inc. will pay 2.5 million of equity as earnout and the grant by Future Fuels to IsoEnergy of (a) a 2% NSR royalty, payable on all production from Mountain Lake, of which 1% will be eligible for repurchase by Future Fuels for CAD 1 million and (b) a 1% NSR royalty, payable on all uranium production from Future Fuels properties in Nunavut other than Mountain Lake. The transaction is subject to approval by TSX Venture Exchange and consummation of private placement. As of December 9, 2024, Future Fuels Inc. obtained Conditional Approval of the Mountain Lake Acquisition from the TSX Venture Exchange and the completion of the First Tranche. satisfies the financing condition of the Mountain Lake Acquisition contained in the APA, irrespective of whether or not the Second Tranche is completed. As of January 31, 2025, Future Fuels Inc. entered into an amendment agreement with IsoEnergy Ltd. to extend the outside date for the APA transaction from January 31, 2025 to February 14 ,2025.
Future Fuels Inc. (TSXV:FTUR) completed the acquisition of Mountain Lake Property in Nunavut from IsoEnergy Ltd. (TSX:ISO) on February 18, 2025. Board Change • Jan 10
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. 4 non-independent directors. Independent Director Alicia Milne was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 08
Future Fuels Inc. Announces Changes to Its Board of Directors Future Fuels Inc. announced the appointment Bernd Christmas and Mark Riccio to its board of directors. Mr. Christmas is a highly esteemed legal professional and advocate for First Nations across Canada, recognized for his extensive experience and unwavering dedication to his field. As of February 1, 2024, he has taken on the role of Senior Counsel at JFK Law. He is situated at JFK Law's Six Nations office in Ohsweken, Ontario. Mr. Riccio has over 20 years' experience in financial markets, with the majority of time spent in the mining industry. He most recently co-founded Vikara Capital that manages a liquid, digital assets fund. He was previously a Director at Macquarie Group in the Commodities and Global Markets Division in Sydney. Prior to Macquarie, he was a Director at commodities private equityfirmDenham Capital in Perth and Houston and Vice President in the investment banking group at Merrill Lynch in Sydney and Los Angeles. He has co-founded a number of businesses including copper and nickel royalty company Nova Royalty. He holds a BS in Finance from University of Colorado Boulder, an MBA from University of Texas Austin and is a CFA Charterholder. The Company also announced the resignation of Mr. Kevin Bottomley from his role of Director of the Company, effective immediately. Announcement • Dec 25
Future Fuels Inc. announced that it has received CAD 1 million in funding On December 24, 2024, Future Fuels Inc. closed the transaction. In connection with the closing of the Private Placement, the Company paid a cash finders fee in the amount of CAD 59,999.00. Announcement • Dec 21
Future Fuels Inc. announced that it expects to receive CAD 1 million in funding Future Fuels Inc. announce it has arranged non-brokered private placement of up to 2,222,222 flow-through common shares at a price of CAD 0.45 per share for gross proceeds of CAD 1,000,000 on December 20, 2024. The Company may pay a finder’s fee in connection with the Private Placement. Closing of the Private Placement is subject to the approval of the TSX Venture Exchange. The Company anticipates closing of the Private Placement on Monday, December 23, 2024. Announcement • Dec 06
Saville Resources Inc. (TSXV:SRE) agreed to acquire Six mineral leases in the Hornby Basin, Nunavut Territory of 2362516 Ontario Inc. from 2362516 Ontario Inc. Saville Resources Inc. (TSXV:SRE) agreed to acquire Six mineral leases in the Hornby Basin, Nunavut Territory of 2362516 Ontario Inc. from 2362516 Ontario Inc. for CAD 3 million on August 12, 2024. As part of consideration Saville Resources Inc. (TSXV:SRE) will issue 12,500,000 Common Shares will issue to acquire. The property is in Hornby Basin, Nunavut Territory and is comprised of 6 mineral leases comprising a total land area of approximately 6,201 ha (~62 km2). Closing of the Transaction is subject to the satisfaction of customary closing conditions, including TSXV acceptance, as well as applicable board approvals.
Saville Resources Inc. (TSXV:SRE) completed the acquisition of Six mineral leases in the Hornby Basin, Nunavut Territory of 2362516 Ontario Inc. from 2362516 Ontario Inc. on December 5, 2024. Announcement • Sep 30
Saville Resources Inc., Annual General Meeting, Oct 31, 2024 Saville Resources Inc., Annual General Meeting, Oct 31, 2024. New Risk • Aug 23
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$36k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$36k). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.06m market cap, or US$5.96m). Announcement • Jul 17
Saville Resources Inc. (TSXV:SRE) completed the acquisition of 1398827 B.C. Ltd for approximately CAD 0.94 million. Saville Resources Inc. (TSXV:SRE) has entered into a securities exchange agreement to acquire 1398827 B.C. Ltd. for CAD 1.08 million on June 21, 2024. The consideration consists of 5.4 million common equity of Saville Resources Inc. to be issued for common equity of 1398827 B.C. Ltd. In addition, the 2.7 million outstanding warrants of PrivCo, which are exercisable at CAD 0.075 until May 27, 2025, and 0.4 million options of PrivCo exercisable at a price of CAD 0.20 until June 1, 2026 will be replaced by warrants and options (respectively) of Saville Resources Inc. on the same terms. Saville Resources Inc. intends to assume the exploration of PrivCo’s flagship mineral resource asset, the Hornby Property (the “Property”) located in Nunavut Territory, Canada following the closing of the Transaction. Closing of the Transaction is subject to the satisfaction of customary closing conditions, including TSXV acceptance, as well as applicable board approvals.
Saville Resources Inc. (TSXV:SRE) completed the acquisition of 1398827 B.C. Ltd. for approximately CAD 0.94 million on July 16, 2024. Saville has received approval of TSX Venture Exchange. New Risk • May 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 409% 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 Shares are highly illiquid. Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (409% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.81m market cap, or US$1.32m). Announcement • May 23
Saville Resources Inc. announced that it has received CAD 1.04025 million in funding On May 21, 2024, Saville Resources Inc closed the transaction. The company issued 20,805,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,040,250. Announcement • Feb 19
Saville Resources Inc. announced that it expects to receive CAD 0.75 million in funding Saville Resources Inc. announced a non brokered private placement to issue 15,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 750,000 on February 17, 2024. Each unit shall consist of one common share and one-half share purchase warrant, with each whole warrant entitling the holder thereof to acquire one common share at a price of CAD 0.075 per share until 12 months following closing. Finders' fees may be payable in accordance with the policies of the TSX Venture Exchange. The offering remains subject to approval of the exchange. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day from issuance in accordance with applicable securities legislation. Insiders may participate in the offering. Announcement • Sep 19
Saville Resources Inc. Announces Changes to Its Board of Directors Saville Resources Inc. announced changes to its Board of Directors. Mr. Charn Deol has resigned as a director of the Company, effective immediately. The Company would like to express its sincere gratitude to Mr. Deol for his invaluable contributions and dedicated service during his tenure. His insights and leadership have been instrumental in guiding the Company through various strategic decisions. Additionally, Saville announced the appointment of Mr. Kevin Bottomley as a new director. Mr. Bottomley brings with him a wealth of experience in the mineral exploration industry and has held various leadership roles in prominent mining companies. His expertise and vision align well with Saville's goals, and the Company looks forward to benefiting from his guidance in the coming years. Announcement • Sep 06
Saville Resources Inc., Annual General Meeting, Nov 29, 2023 Saville Resources Inc., Annual General Meeting, Nov 29, 2023. Board Change • Aug 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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 07
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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 09
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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. 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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 24
Saville Resources Intersects 0.78% Nb2O5 over 16.0 m, including 1.07% Nb2O5 over 3.0 m, in Drill Hole at the Mallard Prospect, Niobium Claim Group Property, Quebec Saville Resources Inc. announced sample assay results for three (3) drill holes from its 2022 drill program at its Niobium Claim Group Property (the "Property"), located in northern Quebec. The 2022 drill program, completed in August, totaled 600.0 m and focused on the Mallard Prospect. The 2022 drill program targeted the niobium zone previously reported in drill hole EC21-175 (1.00% Nb2O5 over 17.1 m) further at depth (EC22-201, 202, and 203) and along strike (EC22-203). The 2022 drill holes, each drilled to 200 m depth, returned well-mineralized niobium intervals, and continue to demonstrate the potential for a sizeable niobium mineralized zone to extend from depth to surface, as well as laterally, at the Mallard Prospect. Core sample assay highlights from the 2022 drilling at the Mallard Prospect include: 16.0 m of 0.78% Nb2O5 and 7.5% P2O5 (EC22-202), including, 3.0 m of 1.07% Nb2O5 and 8.9% P2O5 4.5 m of 0.94% Nb2O5 and 10.0% P2O5 (EC22-202)8.6 m of 0.81% Nb2O5 and 6.7% P2O5 (EC22-203), including, 2.9 m of 1.32% Nb2O5and 6.7% P2O5 High-grade mineralized intervals are present near surface (0.78% Nb2O5 over 16.0 m, including 1.07% Nb2O5 over 3.0 m) and at depth (0.94% Nb2O5 over 2.5 m) in drill EC22-202. This hole returned seven (7) samples >1.0% Nb2O5, to a peak of 1.30% Nb2O5 over 1.5 m, and ended in mineralization with a final sample assaying 0.57% Nb2O5. Additionally, drill hole EC22-201 ended in mineralization with a final sample assaying 0.54% Nb2O5 as well as ending within a high-grade tantalum interval (380 ppm Ta2O5 over 8.0 m). Strong niobium mineralization was encountered in all three (3) of the 2022 drill holes completed at the Mallard Prospect and, collectively with the previous drilling, indicate a wide mineralized footprint that remains open in all directions. A quality assurance /quality control protocol following industry best practices was incorporated by Saville Resources into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%. Drill holes were sampled from top to bottom and shipped to Activation Laboratories in Ancaster, ON for analysis. Lab analysis included niobium, tantalum, and major oxides by X-ray fluorescence (custom package 8-Coltan XRF + major oxides). No fluorine analysis was completed on the 2022 drill core. Standard drill core sample preparation was completed and comprised of crushing to 80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 105 µ (package RX1). Board Change • Dec 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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 23
Saville Resources Inc., Annual General Meeting, Nov 30, 2022 Saville Resources Inc., Annual General Meeting, Nov 30, 2022. Announcement • Sep 13
Saville Resources Inc. Completes Three Drill Holes at its Niobium Claim Group Property, Quebec Saville Resources Inc. provided an update on its diamond drill program currently underway at its Niobium Claim Group Property (the "Property"), located in northern Quebec. The Company has recently completed its third and final drill hole of the 2022 program, totaling approximately 603 m (core not fully processed). All three (3) drill holes were completed at the Mallard Prospect as follow-up to the high-grade niobium mineralization returned from drilling in 2021 (0.82% Nb2O5 over 42.3 m, including 1.00% Nb2O5 over 17.1 m, in drill hole EC21-175) and in 2019 (0.80% Nb2O5 over 31.5 m, including 1.36% Nb2O5 over 4.5 m, in drill hole EC19-174A). The 2022 drill holes were completed as step-backs to EC21-175 and EC19-174A to test the mineralized horizons at depth. Mallard is the most advanced prospect on the Property and is characterized by a series of sub-parallel, elongate, moderate to steeply dipping, northwest trending mineralized horizons that extend from surface and remain open in all directions. Pyrochlore and columbite are the dominant niobium minerals present at Mallard, with mineralogy completed to date indicating grain sizes ranging from 0.03 mm to 3 mm and commonly between 0.05 mm and 0.4 mm. Secondary commodities of interest at Mallard include tantalum, phosphate, and fluorspar. The Company is carrying-out its program concurrently with the drill program of Commerce Resources Corp. on the Ashram Deposit located proximal. Core processing is currently underway on site with samples expected to be shipped shortly to Activation Laboratories in Ancaster, ON, for geochemical analysis. The program is being managed by Dahrouge Geological Consulting Ltd. with Canadian offices in Edmonton, AB, and Montreal, QC, and drilling carried out by Forage Fusion Drilling of Hawkesbury, ON. The Company's principal asset is the Niobium Claim Group Property, situated within the central Labrador Trough, Quebec, and currently under Earn-In Agreement from Commerce Resources Corp. for up to a 75% interest. The Property consists of 26 contiguous mineral claims, encompassing an area of approximately 1,223 hectares, and is considered prospective for niobium, tantalum, phosphate, and fluorspar. The Property includes the Miranna Prospect, where prior boulder sampling in the area has returned 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the Mallard Prospect where drilling has returned wide intercepts of mineralization, including 1.00% Nb2O5 over 17.1 m, within a larger interval of 0.82% Nb2O5 over 42.3 m (EC21-175). Board Change • Sep 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. 4 experienced directors. No highly experienced directors. Independent Director Alicia Milne was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 11
Insider recently bought CA$53k worth of stock On the 4th of August, David Hodge bought around 3m shares on-market at roughly CA$0.02 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$54k more in shares than they have sold in the last 12 months. Announcement • Dec 19
Saville Resources Inc. announced that it expects to receive CAD 1 million in funding Saville Resources Inc. announced a non-brokered private placement of up to 8,000,000 non-flow-through units at issue price of CAD 0.05 per non-flow-through unit for gross proceeds of up to CAD 400,000 and up to 12,000,000 flow-through shares at issue price of CAD 0.05 per flow-through share for gross proceeds of up to CAD 600,000; for an aggregate gross proceeds of CAD 1,000,000 on December 17, 2021. Each non-flow-through unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through share of the company at an exercisable price of CAD 0.075 per non-flow-through share for a period of 3 years from the closing of the transaction. The company may pay finders fees in relation to the transaction. All securities issued in the transaction are subject to a hold period of four months and one day from the closing of the transaction. The closing of the transaction are subject to approval from exchange. Announcement • Jul 23
Saville Resources Inc. Provides Update on its Summer Drill Program at its Niobium Claim Group Property, Quebec Saville Resources Inc. provided an update on its diamond drill program currently underway at its Niobium Claim Group Property (the "Property"), located in northern Quebec. The program is being managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB, with drilling operations being carried out by Logan Drilling Ltd. of Stewiacke, NS. The Company has successfully mobilized the drill rig and crew to site and have collared the first 3 drill holes of the program, with a total of 600+ m of NQ size coring completed to date. These initial drill holes were completed at the Mallard Prospect as 50 m step-outs along strike to the southeast of the high- grade intersection in drill hole EC19-174A, which was completed as the final drill hole of the 2019 program, returning 1.36% Nb2O5 over 4.5 m, within a larger interval of 0.80% Nb2O5 over 31.5 m. The drill core is currently being logged ahead of sampling and shipment to the lab for assay. Mallard is the most advanced prospect on the Property and is characterized by a series of sub-parallel, elongate, moderate to steeply dipping, northwest trending mineralized horizons that extend from surface and remain open in all directions. Immediately following the completion of the program's initial three drill holes at Mallard, the Company intends to move to Miranna for the first round of drill testing at the Prospect. The Miranna Target is characterized by a strongly mineralized (niobium-tantalum-phosphate), glacially dispersed boulder train with an apex that correlates with a distinct magnetic high anomaly, which is interpreted to be the source. Sample assays of the mineralized boulders from the train include 5.93% Nb2O5, 310 ppm Ta2O5, and 11.5% P2O5; and 4.30% Nb2O5, 240 ppm Ta2O5, and 13.4% P2O5; as well as multiple additional samples grading >1% Nb2O5. The drill holes at Miranna will target the interpreted bedrock source of this mineralized boulder train. The Company notes that it will carry-out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company has successfully navigated the process to enter Nunavik and obtained authorization to complete its planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec. Announcement • Jun 24
Saville Resources Inc. announced that it has received CAD 0.6818 million in funding On June 23, 2021, Saville Resources Inc. (TSXV:SRE) closed the transaction. The company issued 6,800,000 non-flow-through units at issue price of CAD 0.05 per non-flow-through unit for gross proceeds of CAD 340,000 and 5,696,667 flow-through shares at issue price of CAD 0.06 per flow-through share for gross proceeds of CAD 341,800.02; for an aggregate gross proceeds of CAD 681,800.02. The transaction included participation from 21 placees. The company included participation from professional group involvement for 310,000 shares for 1 placees. The company paid finders' fee of CAD 2,450 and 40,833 warrants to Raymond James Ltd., CAD 7,000 and 140,000 warrants to GloRes Securities Inc. and CAD 3,850 and 77,000 warrants to PI Financial Corp. The transaction has been accepted for filing documentation by the TSX Venture Exchange. Announcement • May 22
Saville Resources Inc. announced that it expects to receive CAD 1 million in funding Saville Resources Inc. (TSXV:SRE) announced a non-brokered private placement of 10,000,000 non-flow-through units at issue price of CAD 0.05 per non-flow-through unit for gross proceeds of CAD 500,000 and up to 8,333,333 flow-through shares at issue price of CAD 0.06 per flow-through share for gross proceeds of CAD 500,000; for an aggregate gross proceeds of CAD 1,000,000 on May 21, 2021. Each non-flow-through unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through share of the company at an exercisable price of CAD 0.075 per non-flow-through share for a period of 3 years from the closing of the transaction. The company may pay finders fees in relation to the transaction. All securities issued in the transaction are subject to a hold period of four months and one day from the closing of the transaction. The closing of the transaction are subject to approval from exchange. Announcement • Feb 10
Saville Resources Inc. Announces Plans for Summer Drill Program At Its Niobium Claim Group Property, Quebec Saville Resources Inc. announced that planning is underway for a diamond drill program at its Niobium Claim Group Property located in northern Quebec. A total of three (3) to five (5) NQ-size drill holes, for a minimum of 1,000 m, are planned for the program. The drilling is anticipated to include several follow-up holes at the Mallard Prospect where the final drill hole of the 2019 program EC19-174A returned 1.36% Nb2O5 over 4.5 m, within a larger interval of 0.80% Nb2O5 over 31.5 m. Starting at only 17 m depth, this drill hole returned the strongest and widest mineralized intervals of niobium on the Property, to date. The Mallard Prospect is the most advanced prospect on the Property, with 2,490 m over nine (9) drill holes completed historically (2008 and 2010), and 1,049 m over five (5) drill holes completed by the Company (2019). The Prospect is characterized by a series of sub-parallel, elongate, moderate to steeply dipping, northwest trending mineralized horizons that extend from surface and remain open in all directions. Given the elongate nature and orientation of the mineralized horizons, as well as the local geological setting, the mineralization has the potential to extend for significant distance along strike and at depth. To date, drilling at the Mallard Prospect has returned numerous drill intersections of high-grade niobium, with variably associated high grades of tantalum, phosphate, and fluorspar. In addition to follow-up drilling at the Mallard Prospect, the Company intends to complete one (1) to two (2) drill holes at the Miranna Target, a high-quality target that has yet to be drill tested. The Miranna Target is characterized by a strongly mineralized (niobium-tantalum-phosphate), glacially dispersed boulder train with an apex that correlates with a distinct magnetic high anomaly, which is interpreted to be the source. Sample assays of the mineralized boulders from the train include 5.93% Nb2O5, 310 ppm Ta2O5, and 11.5% P2O5; and 4.30% Nb2O5, 240 ppm Ta2O5, and 13.4% P2O5; as well as multiple additional samples grading >1% Nb2O5. The Company expects to carry-out its 2021 drill program concurrently with the field program being planned by Commerce Resources Corp. at the Ashram Deposit which is located adjacent. The Company holds the Niobium Claim Group Property under Earn-in Agreement from Commerce Resources where it may acquire up to a 75% interest. The overlap of the two programs is expected to result in significant cost savings through shared mobilization, camp operation, and other mutual program support costs. The Company notes that it will carry-out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company is engaged in the process to obtain formal authorization to enter the Nunavik Territory for the purposes of mineral exploration and is confident that it will succeed. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec. Announcement • Dec 19
Saville Resources Inc. announced that it expects to receive CAD 1 million in funding Saville Resources Inc. (TSXV:SRE) announced a non-brokered private placement of up to 8,000,000 non flow-through units at a price of CAD 0.05 per non flow-through unit for gross proceeds of up to CAD 400,000 and up to 12,000,000 flow-through shares at a price of CAD 0.05 per flow-through share for gross proceeds of up to CAD 600,000 for aggregate gross proceeds of CAD 1,000,000 on December 17, 2020. Each non flow-through unit will consist of one common share and one non-transferable common share purchase warrant, with each non flow-through warrant entitling the holder to purchase one non flow-through share for a period of three years following the closing of the offering at an exercise price of CAD 0.075 per non flow-through share in the first year and at an exercise price of CAD 0.15 per non flow-through share for the remaining two years. Insiders may participate in the non flow-through units offering. Finders' fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Announcement • Sep 22
Saville Resources Inc. Announces Appointment of Jody Bellefleur as Corporate Secretary Saville Resources Inc. announced the appointment of Jody Bellefleur as Corporate Secretary effective September 21, 2020. Bellefleur has been with the company since November 24, 2017, serving as the Chief Financial Officer. Announcement • Aug 06
Saville Resources Inc. Auditor Raises 'Going Concern' Doubt Saville Resources Inc. filed its Annual on Jul 28, 2020 for the period ending Apr 30, 2020. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.