New Risk • Aug 13
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$2.3m 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$2.3m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€8.51m market cap, or US$9.82m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €7.78m (US$8.97m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€7.78m market cap, or US$8.97m). Announcement • Jul 24
GPM Metals Inc. Reports Results from 2025 Drilling Campaign and Advances Exploration at Walker Gossan Project GPM Metals Inc. provided an exploration update at its Walker Gossan Project in Australia's Northern Territory. Results from the Company's 2025 drilling campaign have significantly advanced its geological understanding of the Project, validating key elements of its exploration model and identifying an expanded structural corridor prospective for sediment-hosted zinc-lead-silver mineralization. The Company completed a 2,500-metre diamond drilling program across two priority gravity targets intersecting weak Zn, Pb, Ag mineralisation and ferroan dolomite alteration consistent with distal indicators of more significant sediment hosted massive sulphide mineralisation elsewhere in the basin. The Company mapped a highly prospective sediment hosted massive sulphide terrain defined by a major syn-sedimentary growth fault and an adjacent sub-basin depocenter extending over approximately 35 km of strike. The Company defined a basin architecture model providing a robust geological framework to guide future exploration and rank existing and future drill targets. The 190,000-hectare Walker Gossan Project, purchased from Rio Tinto, is located in East Arnhem Land NT, Australia within Australia's Proterozoic McArthur Basin, one of the world's premier sediment-hosted zinc-lead-silver districts. The Company's 2025 drilling program was designed to test two large gravity anomalies on EL 24305 identified from the 2023 Airborne Gravity Gradiometry survey and considered prospective for sediment-hosted massive sulphide mineralization. Five diamond drill holes, totalling more than 2,500 m, were completed. Drilling confirmed a consistent Proterozoic stratigraphic succession of the Balma Group comprising up to 155 m of Baiguridji Formation siliciclastic rocks overlying more than 500 m of Yarrawirrie Formation dolostones and siltstones. The deepest hole, WGD25003, additionally intersected over 200 m of shale, dolomitic siltstone and fine-grained sandstone interpreted to belong to the Zamia Creek Siltstone. Geochemical analysis of pyritic black shales within the Zamia Creek Siltstone in WGD25003 returned a mineralised interval of 5 m grading 0.63% Zn, 0.027% Pb and 0.64 g/t Ag from 781 m. Although sub-economic, the presence of zinc-lead-silver mineralization, together with associated ferroan dolomite alteration, represents an encouraging indication that hydrothermal fluids were active within the basin. The Zamia Creek Siltstone is interpreted to be the stratigraphic equivalent of the Barney Creek Formation, the principal host to the McArthur River (HYC) and Teena zinc-lead-silver deposits. The intersection of this favourable stratigraphic horizon confirms the presence of the key prospective host sequence within the Walker Gossan Project and provides an important geological framework for ongoing exploration. Recent basin architecture analysis, integrating Northern Territory Government and GPM geophysical data has identified a major growth fault that defines the boundary between the shallow-marine Walker River Shelf to the east and a transition zone to deeper-marine Walker River Trough to the west. These geological domains, together with the bounding Yarrawirrie Fault, represent a significant structural framework considered highly prospective for sediment hosted massive sulphide mineralisation. A review of the 2025 drilling results indicates the holes targeted a depocentre within the deepest part of the rift basin. Subsequent interpretation of the basin architecture has identified a series of reverse faults that may have uplifted prospective host stratigraphy to shallower, more accessible depths immediately east of the 2025 drill area. The Walker River Trough has now been mapped for more than 35 km of strike length within GPM's tenement package, substantially expanding the area considered prospective for sediment hosted massive sulphide mineralisation. Board Change • May 21
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 Harry Burgess was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
GPM Metals Inc., Annual General Meeting, Jun 24, 2026 GPM Metals Inc., Annual General Meeting, Jun 24, 2026. Announcement • Feb 25
GPM Metals Inc. announced that it has received CAD 1 million in funding On February 24, 2026, GPM Metals Inc. closed the transaction. The company issued 13,333,333 units at an issue price of CAD 0.075 for gross proceeds of CAD 999,999.975. Each warrant entitles the holder thereof to acquire one common share of the company at a price of CAD 0.10 until February 24, 2029. Insiders of the company subscribed for 2,325,001 units under the offering. The offering is subject to the receipt of the final approval of the TSX Venture Exchange. All securities issued under the offering are subject to a hold period expiring four months from the date hereof. No finders' fees were payable in connection with the offering. Announcement • Jan 30
GPM Metals Inc. announced that it expects to receive CAD 0.5 million in funding GPM Metals Inc. announced a non-brokered private placement of up to 6,666,666 units of the Company at a price of CAD 0.075 per Unit for aggregate gross proceeds of CAD 499,999.95 on January 29, 2026. Each Unit will consist of one common share of the Company and one common share purchase warrant of the Company. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of CAD 0.10 for a period of 36 months from the closing of the Offering. The Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange. All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Offering is expected to close on or about February 13, 2026, or such other date as determined by the Company. No finders' fees are expected to be payable in connection with the Offering. Insiders of the Company are anticipated to subscribe for up to 1,666,666 Units under the Offering. The insiders' participation in the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Announcement • Apr 29
GPM Metals Inc., Annual General Meeting, Jun 26, 2025 GPM Metals Inc., Annual General Meeting, Jun 26, 2025. New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% 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 Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€8.66m market cap, or US$9.30m). Announcement • Oct 18
GPM Metals Inc. announced that it has received CAD 0.66 million in funding On October 18, 2024, the company closed the transaction. Announcement • Oct 03
GPM Metals Inc. announced that it expects to receive CAD 0.5 million in funding GPM Metals Inc announced a non-brokered private placement of up to 8,333,333 units at a price CAD 0.06 for aggregate gross proceeds of up to approximately CAD 499,999.98 on October 2, 2024. Each unit will consist of one common share of the company and one-half common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of CAD 0.01 for a period of 24 months from the closing of the offering. The offering is subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the offering will be subject to a hold period expiring four months and one day from the date of issuance. The offering is expected to close on or about Oct. 10, 2024, or such other date as determined by the company. No finders' fees are expected to be payable in connection with the offering Board Change • Sep 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. 1 experienced director. 3 highly experienced directors. President & Director Peter Walsh was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.