Announcement • Sep 24
Metalex Ventures Ltd., Annual General Meeting, Nov 21, 2025 Metalex Ventures Ltd., Annual General Meeting, Nov 21, 2025. Location: british columbia, kelowna Canada Announcement • Jul 03
Metalex Ventures Ltd. Plans Drilling for Gold At A1 and A2 Claim Blocks in Quebec Metalex Ventures Ltd. provided an update on planned drilling at its 100% owned A1 and A2 claim blocks in Quebec testing promising geophysical anomalies. The Company is encouraged by the results of the detailed heavy mineral sampling and soil-till sampling within the claim blocks. This work has identified areas within the claim blocks which appear to host gold mineralization. Airborne electromagnetic and magnetic geophysical surveys have been completed over the claim blocks and these have identified geophysical anomalies up-ice of the gold discovered in the sampling. Within the A1 claims there are six electromagnetic conductors which are priority drill targets. In the A2 claims there are four priority conductors to be tested. Metalex intends to drill test these geophysical anomalies this summer after the drilling at B3 is complete. Regional Anomalies: Metalex has undertaken a multi-commodity regional exploration program over almost 400,000 square kilometers of central Quebec. The survey area has only received limited regional exploration but has the potential to host significant mineralization such as the 14 million ounce Eleonore Gold Mine. Metalex's program has involved the collection and analysis of nearly 10,000 heavy mineral samples which has resulted in a comprehensive and proprietary dataset. Within this dataset 185 gold anomalies have been identified. The Company intends to follow up on these anomalies to chase them back to their bedrock source. Announcement • Jun 24
Metalex Ventures Ltd. Intersects Sulphides with Drilling At B3 Claim Block in Quebec Metalex Ventures Ltd. provided an update on the drilling at its 100% owned B3 claim block in Quebec testing promising geophysical anomalies. At target O the Company has completed three holes testing a steeply-dipping, wide conductive zone associated with the northeast contact of a strong magnetic anomaly. Two of these holes intersected sulphides within a magmatic gneiss. The sulphides are predominantly pyrite and pyrrhotite with traces of arsenopyrite. Initial photos of some of the core from these intervals are set out below along with selected enlargements. Hole QC-B3-25-005 was drilled at a -45 degree dip and intersected sulphides from 41.45m to 61.26m. Photos from this hole are presented below. Hole QC-B3,25-006 was drilled at a -65 degree dip from the same collar as QC-B3-25 -005. Sulphides were intersected from 41.76m to 58.52m. Hole QC-B3 -25-007 was drilled vertically, and did not encounter the same sulphides as the two holes above. The 24,322 hectare B3 claim block was staked due to anomalous copper-nickel-cobalt and gold results of the Company's regional heavy mineral sampling program. Metalex has undertaken a VTEM and magnetic airborne geophysical survey over its B3 claim block by Geotech Ltd. The location of the claim block is shown in Map 1. Announcement • Jun 10
Metalex Ventures Ltd. Commences Drilling of Copper-Nickel-Cobalt Targets At B3 Claim Block in Quebec Metalex Ventures Ltd. announced the start of drilling at its 100% owned B3 claim block in Quebec testing promising geophysical anomalies for copper-nickel-cobalt mineralization. The 24,322 hectare B3 claim block was staked due to the Company's heavy mineral and soil-till sampling indicating it contains copper-nickel-cOBalt sulphides. Metalex has undertaken a VTEM airborne geophysical survey over its B3 claim block by Geotech Ltd. The VTEM survey, which included both electromagnetic and magnetic data, was reviewed by SHA Geophysics Inc. Their work indicates that eight of the conductors detected by the electromagnetic survey are thought to likely represent sulphide mineralization. These are shown on Map 1. Drilling has now commenced on the first of these conductors. Claim Blocks A1 and A2 (Gold) When drilling at the B3 copper-nickel-c Cobalt project is complete Metalex hopes to move the drill to its A1 and A2 claim blocks staked for gold. These claim blocks were staked due to the promising gold and pathfinder element results from detailed heavy mineral sampling of the areas. A VTEM survey over the claim blocks identified several conductive and magnetic anomalies that could be the bedrock source of the gold. Regional Exploration: The Company also intends to complete follow up heavy mineral sampling on gold anomalies identified by its +/- 10,000 sample regional database in Quebec. 185 gold anomalies thought to reflect bedrock rather than placer sources have been discovered in the survey. New Risk • Mar 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (46% average weekly change). High level of non-cash earnings (21% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.53m market cap, or US$3.86m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Board Change • Feb 11
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. No experienced directors. 4 highly experienced directors. Independent Director Glenn Nolan was the last director to join the board, commencing their role in 2008. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 (68% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.53m market cap, or US$3.85m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Dec 19
Metalex Ventures Ltd. announced that it has received CAD 1.05 million in funding On December 18, 2024. Metalex Ventures Ltd. has closed the transaction. All securities issued in Offering are subject to a hold period expiring April 19, 2025. Finders' fees of CAD 73,500 were paid in connection with this Placement. Announcement • Dec 18
Metalex Ventures Ltd. announced that it expects to receive CAD 1.05 million in funding Metalex Ventures Ltd. announced a non-brokered private placement that it will issue up to 42,000,000 flow through shares at a price of CAD 0.025 per share for the gross proceeds of up to CAD 1,050,000 on December 16, 2024. The securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue of the units. The Offering remains subject to the acceptance of the TSX Venture Exchange. Recent Insider Transactions • Dec 01
Chairman of the Board recently bought CA$70k worth of stock On the 26th of November, Charles Fipke bought around 4m shares on-market at roughly CA$0.018 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Charles has been a buyer over the last 12 months, purchasing a net total of CA$90k worth in shares. Announcement • Sep 25
Metalex Ventures Ltd., Annual General Meeting, Nov 22, 2024 Metalex Ventures Ltd., Annual General Meeting, Nov 22, 2024. Location: british columbia, kelowna Canada Announcement • Apr 17
Metalex Ventures Ltd. Announces Copper-Nickel-Cobalt Drill Targets at B3 Claim Block in Quebec Metalex Ventures Ltd. announced that its 100% owned B3 claim block contains promising geophysical anomalies for copper-nickel-cobalt mineralization. Claim Block B3: The 24,322 hectare B3 claim block was staked in 2022 as it contains copper-nickel-cobalt sulphides as shown by the Company's heavy mineral and soil-till-talus sampling. In late 2023 Metalex had a VTEM airborne geophysical survey completed over its B3 claim block by Geotech Ltd. The VTEM survey, which included both electromagnetic and magnetic data, was reviewed by SHA Geophysics Inc. Their work indicates that there are a total of 18 significant conductors on the property. Of these, eight are thought to likely represent sulphide mineralization. In the southwest of the claim block there are two anomalies which will be the initial focus of an upcoming drill program. Both anomalies are potential sources of the nearby strongly anomalous nickel-copper-cobalt heavy mineral sample results as they lie either up ice or up stream. Target B3-q is described as a wide, steeply dipping conductive zone coincident with a singular magnetic anomaly. Target B3-p is a moderate to strong conductor associated with the southern contact of a weak linear magnetic anomaly. The modelling of this anomaly suggests that it is a thick, steeply dipping conductor. Claim Block A5: Results from the 2023 drilling on the A5 claim block have now been received. Significant mineralization, for either gold or ilmenite/scandium, was not intersected. However, due to the province-wide work ban implemented due to forest fires last year only four of the planned five holes were completed. Metalex is reviewing these results, along with its existing data, to determine if the additional planned, but not drilled, hole will be completed after drilling the nickel-copper-cobalt targets. New Risk • Dec 22
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$1.6m 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.69m market cap, or US$3.53m). Minor Risk Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Announcement • Nov 23
Metalex Ventures Ltd. Announces That Its 100% Owned A1 Claim Block Shows Potential for Hosting Lithium Mineralization Metalex Ventures Ltd. announced that its 100% owned A1 claim block shows potential for hosting lithium mineralization. For close to 20 years Metalex has quietly made a substantial investment in central Quebec. recognized that central Quebec not only had substantial geological potential to host precious metal, base metal and diamond deposits but was also significantly underexplored. Over this period the Company has built a comprehensive geochemical dataset, collecting nearly 10,000 heavy mineral samples covering almost 400,000 square kilometres. Heavy mineral samples are a powerful technique to explore for a variety of commodities. A large 10 kilogram sample of fine material within stream gravels is collected in the field. At the CF Minerals laboratory ("CFM") the sample undergoes sequential concentration using specific gravity and magnetic techniques to produce small fractions with specific physical properties in which pieces of mineralization or indicators associated with mineralization are concentrated. Analysis of these fractions for metals or diamond indicators provides insight into mineralization up stream and up ice of the sample location. Due to the concentrating effects of both the collection and processing methods mineralization can often be detected tens of kilometres away. So far, this work has resulted in the staking of several areas for a variety of commodities. As Metalex has retained the concentrate fractions, it is possible to re-analyze them should new commodities become of interest. The increased demand for lithium is a prime example. Research conducted at CFM shows that spodumene (the lithium-containing mineral in pegmatites) reports to one of the concentrate fractions. Analysis of this fraction at ALS Chemex in North Vancouver using the ME-MS89L technique has been used to detect lithium. Metalex's A1 claim block is located in the vicinity of significant lithium discoveries made by Patriot Battery Metals' Corvette property and Winsome Resources' Adina property. Both of these properties host lithium deposits in pegmatites. Re-analysis of previously collected samples indicates that the A1 claim block hosts lithium in pegmatites. Lithium contents are elevated in the northern portion of the claim block. Field work confirmed that there are extensive outcrops of pegmatite in this portion of the property and an initial rock sampling program was undertaken. Additional work on this claim block will be undertaken next year to define the bedrock source. With sample coverage of nearly 400,000 square kilometres, Metalex has a substantial advantage in locating additional lithium deposits. It is believed that this is the most comprehensive geochemical dataset of the region. Metalex has staked five claim blocks for their gold potential. Substantial work has been undertaken on these this year. Claim block A5 has had its maiden drill program, with five holes drilled testing geophysical conductors up ice of anomalous gold in heavy mineral samples. Samples from these holes were prepared at CFM prior to being sent to ALS Chemex for analysis. Results are expected shortly. Claim blocks A1 and A2 have also had an airborne EM survey flown by Geotech Airborne Geophysical Surveys ("Geotech"). Soil samples have been collected down-ice from the detected conductors to determine whether one or more of these are the source of the gold in down-ice samples. Claim block B1 has not yet had an airborne geophysical survey flown, but soil samples have been collected to better isolate the source of gold mineralization. Metalex engaged Geotech Airborne Geophysical Surveys to fly an airborne electromagnetic and magnetic survey over its B3 claim block. Geochemical results from the claims suggest that they host nickel-copper-cobalt mineralization. This airborne survey will assist in drill targeting. The survey flights have been completed and the results of the survey are awaited. Quebec is a prime jurisdiction for mining, frequently ranked in the top ten regions globally in terms of investment attractiveness by the Fraser Institute survey of mining companies. Metalex, recognizing not only the attractive investment climate in Quebec but also the prospective and underexplored nature of central Quebec, has made a substantial investment in building a unique geochemical dataset over nearly 400,000 square kilometres. This dataset provides Metalex a substantial advantage in identifying new mineralized areas, including lithium. Budgeting for the re-analysis of the existing samples for lithium is underway. The Company looks forward to receiving the drill results targeting gold at claim block A5. In addition, field programs this fall (over 1,000 samples collected) on a number of claim groups focused on moving targets forward to the drill testing stage. Metalex looks forward to receiving these results which will allow the drilling to be prioritized. A busy season in Quebec lies ahead in 2024. The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geo., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Announcement • Sep 23
Metalex Ventures Ltd., Annual General Meeting, Nov 22, 2023 Metalex Ventures Ltd., Annual General Meeting, Nov 22, 2023. Announcement • Aug 02
Metalex Ventures Ltd. announced that it has received CAD 0.52 million in funding On July 31, 2023, Metalex Ventures Ltd. closed the transaction. The company issued 10,400,000 flow-through shares at a price of CAD 0.05 per share for gross proceeds of CAD 520,000. All securities issued in the final tranche of the placement are subject to a hold period expiring December 1, 2023. Finders' fees of CAD 25,900 were paid in connection with the transaction. Announcement • Jul 23
Metalex Ventures Ltd. announced that it expects to receive CAD 0.35 million in funding Metalex Ventures Ltd. announced a non-brokered private placement to issue 7,000,000 flow through shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 350,000 on July 21, 2023. The securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue of the units. The offering remains subject to the acceptance of the TSX Venture Exchange. Announcement • Jun 12
Metalex Ventures Ltd. Announces Commencement of Drilling in Quebec Metalex Ventures Ltd. reported that drilling has commenced at its 100% owned A5 claim block in Quebec. This is the maiden drill program on the project. Whilst initially planned to take place in 2022 the Company felt it prudent to complete geological mapping of the claim block and detailed heavy mineral sampling to assist in targeting the drill program. Drilling will initially test five conductive targets detected by an airborne electromagnetic survey. These anomalies are a potential source of the highly anomalous ilmenite counts and gold values found down ice in heavy mineral samples. Samples collected from the A5 block contain the highest scandium results of all 8,700 heavy mineral samples the Company has collected in Quebec. Concentrates from these heavy mineral samples (the -60-mesh heavy non-magnetic fraction) had scandium contents ranging from 0.1ppm to 204ppmscandium as analyzed using INAA at Activation Laboratories. The highest result was from sample RQ0754, located downstream of the electromagnetic anomalies being tested. Drilling has been paused while Quebec's fire hazard remains high and will recommence when it is safe to do so. Personnel have safely been demobilized amid the evacuations in Northern Quebec. The thoughts are with those affected by the forest fires and give due to the first responders and emergency support services who are working to contain the situation. Management looks forward to the continuation of the drill program and the results of these five conductive anomalies in the vicinity of the highly anomalous ilmenite and gold values on claim block A5. Announcement • Dec 07
Metalex Ventures Ltd. announced that it has received CAD 2.27912 million in funding On December 5, 2022, Metalex Ventures Ltd. closed the transaction. The company has issued 18,117,000 flow through units at an issue price of CAD 0.06 and 1,000,000 non flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,137,020. Combined with the first tranche, the Placement has resulted in gross proceeds of CAD 2,279,120 from the issuance of 37,152,000 flow-through units and 1,000,000 units. The company has paid the finder' s fees CAD 78,752 were paid and 1,435,028 finders' Warrants were issued in connection with this tranche of the transaction. Announcement • Nov 23
Metalex Ventures Ltd. announced that it expects to receive CAD 0.6 million in funding Metalex Ventures Ltd. announced a non-brokered private placement of flow through units at a price of CAD 0.06 per flow through unit and non-flow through units at a priced of CAD 0.05 per non flow through unit for aggregate gross proceeds of up to CAD 600,00 on November 22, 2022. Each flow through unit comprised of one flow through share and one-half warrant, each non flow through unit comprised of one non-flow through share and one-half warrant. Each whole warrant issued in connection with either the flow through units or the units entitles the holder to acquire a non-flow through share at a price of CAD 0.08 for a term of eighteen months after closing. All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals. 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. No experienced directors. 4 highly experienced directors. Independent Director Glenn Nolan was the last director to join the board, commencing their role in 2008. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
Metalex Ventures Ltd., Annual General Meeting, Nov 24, 2022 Metalex Ventures Ltd., Annual General Meeting, Nov 24, 2022. Board Change • Apr 27
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. No experienced directors. 4 highly experienced directors. Independent Director Glenn Nolan was the last director to join the board, commencing their role in 2008. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Metalex Ventures Ltd. Announces Upcoming Drilling Program on 100% Owned A5 Claims South of Chibougamau, Quebec Metalex Ventures Ltd. reported that drill targets have been identified in Block A5, south of Chibougamau Quebec, which contains strong gold and scandium results. Follow-up heavy mineral sampling as well as airborne magnetic and electromagnetic geophysical surveys were completed in 2021 and 2022 on five claim blocks in Quebec, 100% owned by Metalex. The A5 Block was staked due to it covering an area anomalous in scandium and gold. In fact, the scandium result was the highest in ppm and micrograms of all 8,700 heavy mineral samples the Company collected in central Quebec. Microprobe analysis of the sample established that abundant ilmenite present in this sample contained up to 400ppm scandium whilst ilmenite being mined usually contains 20 to 40ppm scandium. Scandium as an additive increases aluminum's yield strength up to 15-fold. Consequently it is used in the aviation, space and automotive industries to make aluminum components lighter and stronger. Presently most of the world's supply comes from China and stockpiles in Russia. However, Rio Tinto have announced that they are planning to recover scandium in tailings from ilmenite being mined from the Allard Lake deposit situated near the Gulf of St. Lawrence in southeastern Quebec. Rio Tinto anticipates that they will supply 20% of the world's scandium when the recovery circuit is operational at their refinery which is situated 40km by rail and approximately 1,000km away by freighter near Montreal. In 2021 and 2022 Block A5 has undergone heavy mineral follow-up sampling and analysis, airborne magnetic, resistivity and aeromagnetic surveying as well as structural and geological mapping by structural geologist Chris Buchanan. Block A5 is adjacent to a rail line, which connects to the Rio Tinto refinery in 680km. The aforementioned sample, which contained the highest scandium result in Metalex's regional survey, was collected where a stream enters the large north-south trending lake central to the claim block. Highly anomalous ilmenite counts and gold results were received upstream from where the original anomalous sample was collected. Situated immediately up-ice from the abundant ilmenite counts and strong gold results are airborne resistivity and magnetic anomalies. Metalex intends to drill these anomalies in the upcoming spring and summer season. Announcement • Jan 12
Metalex Ventures Ltd. Reports Geophysical Results from Three Gold Areas and Two High Priority Diamond Areas in Quebec Metalex Ventures Ltd. reported that the geophysical results including airborne magnetics, electromagnetics and resistivity have finally been received from three of the highest priority gold areas and two high priority diamond areas in Quebec. In addition, heavy mineral picking results for ilmenite have been received in the strongly anomalous gold and scandium claim block located south of Chibougamau. A geological map of this area has been prepared by structural geologist Chris Buchanan. Sampling upstream on the drainage previously yielding the highest gold and scandium results consistently contains some of the highest ilmenite counts to near the headwaters of the drainage. This area is in the centre of a large airborne magnetic high anomaly and down-ice from a near-surface resistivity anomaly. According to the airborne resistivity results, the near-surface resistivity anomaly gets stronger and wider to depths greater than 450 metres. A ground resistivity survey over the area should produce targets for drill testing with increased accuracy. The heavy mineral results for gold and 43 additional elements are expected to be received by late January. Microprobe results for scandium in ilmenite from samples containing the highest ilmenite counts should also be available at a similar time. Announcement • Mar 17
Metalex Identifies Ilmenite as Source of Scandium in 100% Owned Gold Claims, South of Chibougamau, Quebec Metalex Ventures Ltd. announce that it has identified ilmenite to be the source of the highly anomalous scandium on its 100% owned claims 100km southeast of Chibougmau, Quebec, which are close to highway 167. Metalex collected 8,698 heavy mineral samples covering an area of over 250,000km2. As was recently announced (December 3, 2020) the heavy, non-magnetic concentrate with the highest scandium as measured in both micrograms and ppm was detected on a wholly owned Metalex claim block along with strongly anomalous gold. A split of the weakly magnetic concentrates from the same sample was subsequently analyzed by neutron activation analysis at Actlabs in Ancaster, Ontario and was found to contain seven to eight times higher amounts of scandium than the original non-magnetic concentrates. Announcement • Jan 20
Metalex Ventures Ltd. announced that it has received CAD 3.12846 million in funding On January 18, 2021, Metalex Ventures Ltd. (TSXV:MTX) closed the transaction. The company amended the terms of the transaction and now issued 19,163,528 flow through shares for gross proceeds of CAD 1,628,899.88 and 21,422,284 non flow through units for gross proceeds of CAD 1,499,559.88 for aggregate gross proceeds of CAD 3,128,459.76 in the transaction. The company issued 1,188,235 flow through shares for proceeds of CAD 100,999.975 and 15,979,427 non flow through units for proceeds of CAD 1,118,559.89 for aggregate proceeds of CAD 1,219,559.865 in its final tranche. All securities issued in the final tranche are subject to a hold period expiring May 16, 2021. Finders' fees of CAD 26,320 were paid and 100,000 finders' warrants were issued in connection with this tranche. Finders' warrants have the same terms as the placement warrants. Announcement • Dec 13
Metalex Ventures Ltd. announced that it expects to receive CAD 1.2 million in funding Metalex Ventures Ltd. (TSXV:MTX) announced a private placement of combination of flow-through shares at a price of CAD 0.085 per share and non-flow through units at a price of CAD 0.07 per unit for gross proceeds of CAD 1,200,000 on December 11, 2020. Each unit consists of one non-flow through common share and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of 2 years from the date of closing. The company may pay finder’s fee in the transaction. The securities issued are subject to a hold period of four months from the date of issuance. The transaction is subject to TSX Venture Exchange approval. Announcement • Sep 08
Metalex Ventures Ltd. Auditor Raises 'Going Concern' Doubt Metalex Ventures Ltd. filed its Annual on Aug 27, 2020 for the period ending Apr 30, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 
