Board Change • May 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Marceau Schlumberger is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 20
Pure Energy Minerals Limited Approves Appointment of William Morton to the Board of Directors Pure Energy Minerals Limited announced at the AGM held on December 19, 2025, approved appointment of William Morton to the Board of Directors of the Company. Announcement • Oct 13
Pure Energy Minerals Limited, Annual General Meeting, Dec 10, 2025 Pure Energy Minerals Limited, Annual General Meeting, Dec 10, 2025. Announcement • May 27
Pure Energy Minerals Limited Announces Directorate Changes Pure Energy Minerals Limited announce that Mr. Cam Hosie has been appointed to the board of directors of Pure Energy Minerals. Mr. Hosie is a Senior Vice President at SLB, helping lead commercial and business development across SLB's New Energy platform. This platform includes a broad range of cutting-edge technologies including carbon capture, hydrogen, geothermal, critical minerals, and energy storage. Cam plays a pivotal role in shaping SLB's global energy transition strategy, building partnerships, and promoting sustainable energy solutions to reduce emissions and drive long-term growth. Before SLB, Cam served as CEO of 8 Rivers, where he spearheaded the commercialization of breakthrough technologies in the zero carbon space. He brings extensive experience in managing large-scale, innovative energy projects positions at the center of global effort to advance clean energy and decarbonization initiatives. Mr. Patrick Galletti has resigned from the Board. Announcement • Nov 22
Pure Energy Minerals Limited Appoints Mr. Yuwei Hong as Board of Director Pure Energy Minerals Limited announced that Mr. Yuwei Hong has been appointed to the board of directors of Pure Energy Minerals. Mr. Hong represents Lithium X Corp. which holds an 11.6% equity position in Pure Energy. Mr. Hong is an experienced professional with over 15 years of expertise in management, investment, and consulting. He currently serves as the vice president of Xizang Zhufeng Resources Co. Ltd. (Previously known as the Tibet Summit). Before joining Xizang Zhufeng in 2022, he worked as an investment director at the NextView Capital. Mr. Hong holds a master's degree from the University of Illinois Urbana-Champaign and is a Chartered Financial Analyst (CFA) charter holder. Reported Earnings • Oct 23
Full year 2024 earnings released: CA$0.025 loss per share (vs CA$0.01 loss in FY 2023) Full year 2024 results: CA$0.025 loss per share (further deteriorated from CA$0.01 loss in FY 2023). Net loss: CA$834.8k (loss widened 141% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Announcement • Oct 23
Pure Energy Minerals Ltd. Announces the Resignation of Mary Little as Director Pure Energy Minerals Ltd. announced that Mary Little has resigned as a director of the Company, effective October 21, 2024. Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Marceau Schlumberger was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Third quarter 2024 earnings released: CA$0.007 loss per share (vs CA$0.004 loss in 3Q 2023) Third quarter 2024 results: CA$0.007 loss per share (further deteriorated from CA$0.004 loss in 3Q 2023). Net loss: CA$251.9k (loss widened 103% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 34% per year. Announcement • Apr 06
Pure Energy Minerals Limited, Annual General Meeting, Jun 05, 2024 Pure Energy Minerals Limited, Annual General Meeting, Jun 05, 2024. Reported Earnings • Mar 03
Second quarter 2024 earnings released: CA$0.013 loss per share (vs CA$0.004 loss in 2Q 2023) Second quarter 2024 results: CA$0.013 loss per share (further deteriorated from CA$0.004 loss in 2Q 2023). Net loss: CA$419.7k (loss widened 198% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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 (14% average weekly change). Revenue is less than US$1m (CA$540k revenue, or US$404k). Minor Risks Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€11.2m market cap, or US$12.2m). Reported Earnings • Nov 30
First quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.001 in 1Q 2023) First quarter 2024 results: EPS: CA$0.001 (in line with 1Q 2023). Net income: CA$37.3k (up 5.9% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Nov 21
Pure Energy Minerals Ltd. Appoints Patrick Galletti as Director Pure Energy Minerals Ltd. announced that Mr. Patrick Galletti has been appointed to the board of directors. Mr. Galletti represents Schlumberger New Energy ("SLB"). Patrick Galletti is a distinguished professional with 25 years of expertise in the Oil & Gas industry and brings a wealth of experience from diverse international roles, including Project Management, Commercial Negotiations, and Business Management across O&G and Geothermal sectors. Hisbackground spans North and South America, Asia, the Middle East, Europe, and Australasia, and includes positions such as Managing Director for Argentina, Bolivia, and Chile, as well as Strategy Director for the Americas. He currently serves as SLB New Energy Business Development Director. Mr. Galletti holds a degree in Petroleum Engineering from Texas A&M University. Reported Earnings • Oct 29
Full year 2023 earnings released: CA$0.01 loss per share (vs CA$0.002 profit in FY 2022) Full year 2023 results: CA$0.01 loss per share (down from CA$0.002 profit in FY 2022). Net loss: CA$345.8k (down CA$424.1k from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 07
Pure Energy Minerals Limited Appoints Joseph Mullin as CEO Pure Energy Minerals Ltd. announced the appointment of Mr. Joseph E. Mullin as President and Chief Executive Officer, effective immediately. Mr. Mullin initially joined the Board of Directors of Pure Energy Minerals Ltd. in November of 2020. Mr. Mullin has over 25 years of experience in corporate finance, private equity, restructuring, and early-stage mineral exploration. Mr. Mullin is the President and CEO of Rise Gold Corp., the Managing Member of Mount Arvon Partners LLC, and is currently an independent director of FireFox Gold Corp. He was previously the President of Virginia Energy Resources Inc. and led its sale to Consolidated Uranium Inc. Prior to that he served as CEO of QuestEx Gold &Copper Ltd. for two and one half years leading up to its sale to Skeena Resources Ltd. He began his career as a financial analyst at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. Mr. Mullin has been involved in metals and mining in the U.S., Canada, Brazil, and Europe and received his B.A. diploma from Harvard University. Announcement • Oct 06
Pure Energy Minerals Limited Appoints Joseph Mullin as President Pure Energy Minerals Ltd. announced the appointment of Mr. Joseph E. Mullin as President and Chief Executive Officer, effective immediately. Mr. Mullin initially joined the Board of Directors of Pure Energy Minerals Ltd. in November of 2020. Mr. Mullin has over 25 years of experience in corporate finance, private equity, restructuring, and early-stage mineral exploration. Mr. Mullin is the President and CEO of Rise Gold Corp., the Managing Member of Mount Arvon Partners LLC, and is currently an independent director of FireFox Gold Corp. He was previously the President of Virginia Energy Resources Inc. and led its sale to Consolidated Uranium Inc. Prior to that he served as CEO of QuestEx Gold &Copper Ltd. for two and one half years leading up to its sale to Skeena Resources Ltd. He began his career as a financial analyst at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. Mr. Mullin has been involved in metals and mining in the U.S., Canada, Brazil, and Europe and received his B.A. diploma from Harvard University. Reported Earnings • May 25
Third quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0 in 3Q 2022) Third quarter 2023 results: CA$0.004 loss per share (further deteriorated from CA$0 in 3Q 2022). Net loss: CA$123.9k (loss widened CA$120.0k from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Second quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.002 profit in 2Q 2022) Second quarter 2023 results: CA$0.004 loss per share (down from CA$0.002 profit in 2Q 2022). Net loss: CA$140.8k (down 292% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Jan 19
Pure Energy Minerals Ltd. Appoints Yulia McCutcheon as Corporate Secretary Pure Energy Minerals Ltd. announced the appointment of Ms. Yulia McCutcheon as Corporate Secretary. Ms. McCutcheon brings to the position over seven years of corporate secretarial and administrative experience working with multiple clients in the junior mining sector. Ms. McCutcheon holds an accounting degree from Ball State University and a masters degree in International Affairs from The New School University. Announcement • Nov 29
Pure Energy Minerals Limited, Annual General Meeting, Jan 26, 2023 Pure Energy Minerals Limited, Annual General Meeting, Jan 26, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Joe Mullin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Joe Mullin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 04
Lead Director recently bought €87k worth of stock On the 26th of May, Mary Little bought around 99k shares on-market at roughly €0.88 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €59k more in shares than they have sold in the last 12 months. Buying Opportunity • Mar 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be CA$1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 143% per annum over the last 3 years. The company has become profitable over the last year. Is New 90 Day High Low • Jan 14
New 90-day high: €0.84 The company is up 27% from its price of €0.66 on 16 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 57% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: €0.42 The company is down 22% from its price of €0.54 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 36% over the same period. 