New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$100.5m market cap, or US$73.9m). Announcement • Apr 21
West Vault Mining Inc., Annual General Meeting, Jun 26, 2026 West Vault Mining Inc., Annual General Meeting, Jun 26, 2026. Location: british columbia, vancouver Canada New Risk • Jan 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.1m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$135.1m market cap, or US$97.4m). Board Change • Jul 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. 2 experienced directors. 2 highly experienced directors. Independent Director Priscila Costa Lima was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$69.6m market cap, or US$50.5m). Announcement • Apr 16
West Vault Mining Inc., Annual General Meeting, Jun 24, 2025 West Vault Mining Inc., Annual General Meeting, Jun 24, 2025. Location: british columbia, vancouver Canada New Risk • Feb 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.09% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$64.9m market cap, or US$45.6m). Announcement • Nov 22
West Vault Mining Inc. Announces Board Changes West Vault Mining Inc. announced that Stephen Quin has resigned from the Board of Directors, effective November 21, 2024. The company also announced the appointment of Frank R. Hallam as a director of the Company with effect from November 21, 2024. Mr. Hallam co-founded the Company in 2010 and has served as a director previously. He is currently the Company's CFO and Corporate Secretary. He was also a co-founder of MAG Silver Corp., West Timmins Mining Inc. and Platinum Group Metals Ltd. Mr. Hallam is a Chartered Professional Accountant, Chartered Accountant, was formerly an auditor in the public mining practice of Coopers &Lybrand (now PricewaterhouseCoopers) and holds a Bachelor of Business Administration from Simon Fraser University. Announcement • Apr 16
West Vault Mining Inc., Annual General Meeting, Jun 24, 2024 West Vault Mining Inc., Annual General Meeting, Jun 24, 2024. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$62.0m market cap, or US$45.6m). New Risk • Oct 26
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 12% 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 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (CA$50.4m market cap, or US$36.5m). Announcement • May 19
West Vault Mining Inc., Annual General Meeting, Jun 22, 2023 West Vault Mining Inc., Annual General Meeting, Jun 22, 2023, at 11:00 Pacific Standard Time. Location: Suite 838, 1100 Melville Street Vancouver British Columbia Canada Agenda: To elect directors for the ensuing year; to appoint the auditors for the ensuing year and to authorize the directors to fix remuneration; to consider and if thought fit, pass an ordinary resolution providing the required annual approval of the Company's share compensation plan in its current form as more particularly described in the Information Circular; and to transact other businesses. Announcement • Jan 24
West Vault Mining Inc. Announces 51% IRR Pre-Feasibility Study West Vault Mining Inc. announced the results of an independent NI 43-101 Pre-feasibility Study prepared by USA-based engineering firm RESPEC Company LLC for West Vault's 100% owned Hasbrouck Gold Project located near Tonopah, Nevada. West Vault intends to file the Technical Report on SEDAR (www.sedar.com) within 45 days of this news release. The Technical Report updates a September 2016 Pre-feasibility Study ("2016 PFS"), necessary because of the possible effect of increased capital costs, operating costs, and metal prices on project economics, and their combined effects on Mineral Resource and Mineral Reserve. After completion of the Technical Report, it has been determined that the mine plan, mineral processing, and Mineral Resource and Mineral Reserve Statements are substantially unchanged from the 2016 PFS. Exploration and expansion potential on the fully permitted project is highlighted. The Technical Report was prepared by largely the same team that prepared the 2016 PFS, headed by RESPEC of Rapid City, South Dakota, with contributions from Kappes, Cassidy & Associates, Reno, NewFields Mining Design & Technical Services, Jorgensen Engineering & Technical Services, and Westland Engineering & Environmental Services. The Hasbrouck Gold Project consists of the Three Hills and Hasbrouck Deposits plus a large land package, located near Tonopah, Nevada. All dollar values presented in this news release are in U.S. dollars. Regarding expansion potential, there are a number of significant gold intercepts located proximal to current Mineral Resources, on strike from and below the proposed open pits that are not incorporated into the Technical Report Mineral Resource model. These intercepts show the potential to increase and extend the known Mineral Resource on West Vault's property. The Technical Report estimates a modest initial capital of USD 66 million for the Phase 1 Three Hills Mine. The Phase 2 Hasbrouck Mine is estimated to cost USD 123 million, and this money is planned to come from free cash flow generated at the Three Hills Mine. The Technical Report does not include mineralized material at the Company's Hill of Gold property located between Three Hills Mine and Hasbrouck Mine. Board Change • Nov 17
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. 3 non-independent directors. Independent Director Pierre Lebel was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 13
West Vault Mining Inc. Appoints Sandy McVey as CEO West Vault Mining Inc. announced that Sandy McVey was confirmed as the CEO of WVM at the Company's recent AGM held on June 23, 2022. Mr. McVey had previously served as interim CEO since September 2021. Announcement • Apr 13
West Vault Mining Inc., Annual General Meeting, Jun 23, 2022 West Vault Mining Inc., Annual General Meeting, Jun 23, 2022. Announcement • Feb 16
West Vault Mining Inc Completes Study on Increased "Green" Mining at Hasbrouck Gold Project West Vault Mining Inc. has completed a positive in-house study to reduce carbon dioxide ("CO2") emissions at the Hasbrouck Gold Project, Nevada. This study shows that CO2 emissions can be significantly reduced by: Using grid power instead of liquified natural gas-generated power ("LNG") as planned at the phase one mine ("Three Hills Mine"); Using primary electric mining equipment instead of diesel equipment at the phase two mine ("Hasbrouck Mine"); and Using electric power instead of diesel for drying kilns in the central processing plant. The study indicates these changes to be feasible and would reduce power-related emissions from about 200,000 tons CO2 to about 66,000 tons CO2 over life of mine. NV Energy has recently confirmed their ability to supply the necessary additional electric power, opening the way for a more detailed study. NV Energy currently supplies about 25% of its energy from renewable sources and is mandated to supply 50% from renewable sources by 2030 and to aim for 100% by 2050. The proposed changes are expected to increase initial capital marginally and will tend to lower operating costs, with progressively greater operating cost savings as cap-and-trade systems become more widely implemented. Electric primary mining equipment in the form of blast-hole drills and shovels is currently available at comparable costs to diesel equipment, and nearly all major haul truck OEMs are developing electric haul trucks, expected to be commercially available within the next few years. Electric secondary mining equipment such as dozers, graders, water-trucks, explosives trucks, and pick-ups is expected to be available in electric form in the not-too-distant future, which would further reduce emissions by 24,000 tons CO2. Announcement • Feb 24
West Vault Enters USD 7.3 Million Gold and Silver Stream Agreement with Sprott West Vault Mining Inc. announced the execution of a definitive Purchase and Sale Agreement (the "Stream Agreement") between the company and Sprott Private Resource Streaming and Royalty Corp. ("Sprott") for 1.41% of all refined gold and silver (the "1.41% Stream") to be produced for the life of mine from the Hasbrouck Gold Project, located southwest of Tonopah, Nevada and comprised of the 100% owned Hasbrouck property, Three Hills property and the Hill of Gold property (together the "Hasbrouck Gold Project"). Under the terms of the Stream Agreement, Sprott is to pay the Company (a) an advance purchase deposit of $6.0 million (the "Advance Deposit"); and (b) an additional deposit of $1.0 million (the "Additional Deposit" and collectively with the Advance Deposit, the "Deposit") within 10 days of the Company announcing a Board-approved construction decision for the Hasbrouck Gold Project. Sprott may then elect to add the Hill of Gold property to the property covered by the Stream Agreement by paying to the Company (c) a final amount, to be added to the Deposit, of $300,000 within 60 days of paying the Additional Deposit. A cash transfer price payable to the Company upon delivery of refined gold and silver to Sprott has been set at 20% of the market value per ounce of metal, as quoted by the London Bullion Market Association on the date of delivery. The balance of the market value per ounce will be applied as a credit against the Deposit until the Deposit is fully utilized. Thereafter the price of the metals paid to the Company will be 20% of the market value thereof. The permitted Hasbrouck Gold Project is one of only a few shovel-ready gold projects in the US South- west, and not including the Hill of Gold property, hosts an estimated 762,000 ounces of Proven and Probable gold Reserves1 and 10,569,000 ounces of Proven and Probable silver Reserves1. At a gold price of $1,800, an independent Pre-feasibility Study completed in 20161 (the "2016 PFS") estimated an after-tax IRR of 92% and a $295 Million NPV(5). The Company believes additional mineral resources may be delineated adjacent to the known deposit areas by further exploration drilling during construction and operation. Is New 90 Day High Low • Feb 13
New 90-day low: CA$1.20 The company is down 39% from its price of CA$1.96 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is flat over the same period. Announcement • Feb 03
West Vault Mining Inc. (TSXV:WVM) acquired Hill of Gold Property for $0.25 million. West Vault Mining Inc. (TSXV:WVM) acquired Hill of Gold Property for $0.25 million on February 2, 2021.
West Vault Mining Inc. (TSXV:WVM) completed the acquisition of Hill of Gold Property on February 2, 2021. Is New 90 Day High Low • Jan 28
New 90-day low: CA$1.35 The company is down 20% from its price of CA$1.69 on 29 October 2020. The Canadian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: CA$1.45 The company is down 17% from its price of CA$1.75 on 13 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: CA$1.48 The company is down 9.0% from its price of CA$1.62 on 15 September 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 15% over the same period. Announcement • Nov 17
West Vault Mining Inc. to Report Q3, 2020 Results on Nov 30, 2020 West Vault Mining Inc. announced that they will report Q3, 2020 results on Nov 30, 2020 Is New 90 Day High Low • Nov 07
New 90-day high: CA$1.95 The company is up 38% from its price of CA$1.41 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: CA$1.90 The company is up 73% from its price of CA$1.10 on 19 June 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 28% over the same period.