Announcement • Dec 12
Minnova Corp., Annual General Meeting, Feb 09, 2026 Minnova Corp., Annual General Meeting, Feb 09, 2026. Announcement • Dec 04
Minnova Corp. announced that it has received CAD 4.820154 million in funding On December 3, 2025. Minnova Corp. announced that it has closed the transaction. It has issued 12,900,000 units of the Company at a price of CAD 0.20 per Unit for proceeds of CAD 2,580,000 and 9,739,800 flow-through units of the Company at a price of CAD 0.23 per FT Unit for proceeds of CAD 2,240,154 for aggregate proceeds of CAD 4,820,154. As consideration for their services in the Offering, Red Cloud received aggregate cash fees of CAD 256,809.24 and 1,196,388 non-transferable common share purchase warrants Announcement • Nov 06
Minnova Corp. announced that it expects to receive CAD 5 million in funding Minnova Corp. announced a brokered LIFE offering and it has entered into an agreement with Red Cloud Securities Inc. in connection with a best effort private placement to issue 10,000,000 units at an issue price of CAD 0.20 for gross proceeds of CAD 2,000,000, flow-through units at an issue price of CAD 0.23 and charity flow-through unit at an issue price of CAD 0.32 for aggregate proceeds of CAD 5,000,000 on November 5, 2025. Each unit will consist of one common share of the company and one common share purchase warrant. Each flow-through unit and charity flow-through unit will consist of one common share of the company to be issued as a flow-through share and one warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.30 at any time on or before that date which is 36 months after the closing date. The company has granted Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the marketed offering, to sell up to an additional CAD 1,000,000 in any combination of units, flow-through units and charity flow-through units at their respective offering prices. The units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. securities act of 1933, as amended. The offering is scheduled to close on November 25, 2025, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities not issued pursuant to the listed issuer financing exemption will be subject to a hold period in Canada ending on the date that is four months plus one day following the closing date. Announcement • Jul 29
Minnova Corp. announced that it has received CAD 0.5755 million in funding On July 28, 2025, Minnova Corp. closed the transaction and its final tranche. The company issued 3,000,000 units at a price of CAD 0.05 for gross proceeds of CAD 150,000. Each unit is comprised of one common share of the company and one-half of one whole common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.10 per common share for a period of two years from the date of issuance. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. An insider of the Company subscribed for 1,000,000 Units pursuant to the Offering. New Risk • Jul 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% 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. Negative equity (-CA$5.2m). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€5.23m market cap, or US$6.06m). Announcement • May 07
Minnova Corp. announced that it expects to receive CAD 0.8 million in funding Minnova Corp announced a non-brokered private placement to issue 16,000,000 units at a price of CAD 0.05 for aggregate gross proceeds of CAD 800,000 on May 7, 2025. Each Unit is comprised of one common share of the Company and one-half of one whole Common Share purchase warrant. Each warrant will entitle the holder to purchase one Common Share at a price of CAD 0.1 per Common Share for a period of two years from the date of issuance. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Announcement • Nov 26
Minnova Corp., Annual General Meeting, Jan 22, 2025 Minnova Corp., Annual General Meeting, Jan 22, 2025. New Risk • Nov 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$589k 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$589k free cash flow). Share price has been highly volatile over the past 3 months (273% average daily change). Negative equity (-CA$4.2m). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€939.0k market cap, or US$1.03m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 21
New major risk - Revenue and earnings growth Earnings have declined by 1.1% 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 Share price has been highly volatile over the past 3 months (59% average daily change). Negative equity (-CA$4.0m). Earnings have declined by 1.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€1.22m market cap, or US$1.30m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 19
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$4.0m 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 Share price has been highly volatile over the past 3 months (59% average daily change). Negative equity (-CA$4.0m). Revenue is less than US$1m. Market cap is less than US$10m (€1.22m market cap, or US$1.30m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (59% average daily change). Revenue is less than US$1m (CA$1.4k revenue, or US$1.0k). Market cap is less than US$10m (€971.2k market cap, or US$1.04m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (47% average daily change). Revenue is less than US$1m (CA$1.4k revenue, or US$1.0k). Market cap is less than US$10m (€1.43m market cap, or US$1.55m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Jul 15
Minnova Corp. Provides Corporate Update Minnova Corp. provided a corporate update on both Minnova Renewable Energy ("MRE") strategy and corporate developments at wholly owned PL Gold Mine. Minnova Renewable Energy Flin Flon Clean Energy Hub (FFCEH) Following the announcement of MRE and the City of Flin Flon entering a non-binding memorandum of understanding (the "MOU") on March 29, 2023 the company conducted an extensive consultation process with industry (OEM's, technology providers and potential offtaker's), government, first nations and community. Based on the results of these discussions the Company is eager to advacne Flin Flon Clean Energy Hub (FFCEH) initiative and intends to engage a consulting engineering group with requisite experience in hydrolysis, syngas, processing, environmental and permitting (owners engineer) to complete a series of techno- economic trade off studies. The studies will analyse water electrolysis to produce green hydrogen at an initial minimum load of 20MW of low-cost grid hydropower supplied by Manitoba Hydro with potential to scale up to over 100MW. Initial green hydrogen production is forecast at 2,880 tonnes that could be directly processed to over 16,000 tonnes of renewable ammonia or over 20,000 tonnes of renewable methanol. The studies will also consider renewable diesel fuel and Sustainable Aviation Fuel (SAF) production. While green hydrogen is not an established market in Canada the markets for ammonia and methanol are, offering a ready market to supply renewable energy fuels for industries seeking to decarbonize. Renewable diesel can be a drop-in fuel to replace conventional fossil fuel derived diesel and SAF is gaining traction as a solution to reduce carbon emissions related to air travel. The regions large scale hydro power supply combined with abundant forest biomass supply and other development considerations, including; competitive utilities, skilled labor force, road and rail infrastructure and marine port access were key considerations in the site selection process. Swan River Biomass Gasification Pilot Plant Construction of planned biomass gasification pilot plant is underway with the majority of reactor parts purchased and stored in Winnipeg. The company is currently sourcing specialized ATEX sensors and valves and when received will be in a position to advance fabrication and assembly. The Company will have further market updates and as assembly progresses. PL Gold Mine Over the last several months the company has proactively solicited interest from other gold sector companies regarding possible M+A and/or joint efforts to advance the PL Gold Mine. Discussions have included a range of strategies from additional drilling to increase the current NI 43-101 complaint resource to full scale development based on the 2018 Feasibility Study (2018 FS") which would be updated prior to any construction decision. These talks are ongoing, and the Company will comment further if an agreement is reached requiring a material announcement. Separately the company has been approached by a first nations owned mining contractor and a mining equipment/system developer with a proposal to consider an advanced exploration and underground development program designed to further advance the PL Gold Mine and consisting of surface bulk sample for updated metallurgical test work followed by shallow underground mine development to test equipment and underground mining methods specifically designed for narrow, low angle deposits like PL. Discussions are at an early stage, and are encouraged by the experience and expertise of the parties involved and the potential to partner with firstnations owned contractor to share in the development and commercialization of the equipment and mining method with no dilution in the ownership of the PL Gold Mine. Announcement • Feb 16
Minnova Corp. Announces Lithium Pegmatite Potential At PL Gold Mine in Manitoba Minnova Corp. announced recent exploration results that have identified potential for Lithium-Cesium-Tantalum (LCT) pegmatites at the PL Mine. The increasing demand for lithium and other critical minerals prompted a review of all technical records at the PL mine (drill logs, core, maps and other technical survey data accumulated since the PL Mine was developed since 1980). First pass query of the PL Mine project development database returned over 200 pegmatite intercepts ranging in width from 0.1 meters to over 19.0 meters. Pegmatite dykes have also been reported during surface geological mapping programs well beyond the limits of the PL deposit drill hole database. Despite a very high concentration of pegmatite dykes near the gold bearing shear zones that host the PL Mine gold resource there is no record of sampling or studies by the company or government to assess lithium or other rare element potential at the PL mine site or surrounding area. All previous exploration, development and operations have focused on delineating and expanding the gold mineralized structures that host the PL Mine resource and exploration for additional gold mineralized structures. The Company conducted a literature review on LCT pegmatite depositional models which supported an initial program of relogging and sampling of a selection of pegmatite intercepts from the drillhole database. A total of 15 lithogeochem samples were collected and submitted to SRC Geoanalytical Laboratories. Geochemical results were encouraging returning up to 24 ppm Lithium in core samples while relogging identified two distinct pegmatite mineral assemblages; 1) coarse grained, white grey, albite dominant with quartz and well-defined mineral and grain size zonation, and; 2) coarse grained, pink potassium feldspar dominant with little to no zonation. The white-grey, albite rich pegmatites consistently reported higher lithium content. Manitoba is well known for its lithium potential and hosts the world class Tanco LCT pegmatite deposit in southeast Manitoba and the Wekusko Lake pegmatite field located less than 100km southeast of the PL Mine near Snow Lake, Manitoba. The Wekusko Lake pegmatite field is hosted in mixed Missi Group clastic sedimentary and Missi Group mafic volcanic rocks, the same stratigraphic assemblages that host the PL Mine pegmatites. Both project areas exhibit complex polyphase structural histories (i.e., folding, faulting, and metamorphism) and occur in the Paleoproterozoic Trans-Hudson orogen. LCT pegmatites are typically associated with specific rock formations, so identifying favourable host rocks is an important aspect of selecting high- priority exploration targets around the PL mine. Announcement • Jan 17
Minnova Corp. announced that it expects to receive CAD 0.5 million in funding Minnova Corp. announced a non-brokered private placement of 10,000,000 common shares at an issue price of CAD 0.05 per share for gross proceeds of CAD 500,000 on January 16, 2023. Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Announcement • Dec 20
Minnova Corp., Annual General Meeting, Feb 21, 2023 Minnova Corp., Annual General Meeting, Feb 21, 2023. 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. Chairman, President & CEO Gord Glenn was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Jan 15
New 90-day high: €0.29 The company is up 32% from its price of €0.22 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 60% over the same period.