Announcement • Aug 01
Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2025 Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2025. Location: to be held as a physical meeting, at suite 4, level 34, waterfront place, 1 eagle street brisbane, Australia Announcement • Jun 06
Macarthur Minerals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.996655 million. Macarthur Minerals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.996655 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,832,755
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • May 23
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.996655 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.996655 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,832,755
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • May 21
Macarthur Minerals Limited announced that it expects to receive AUD 0.25 million in funding Macarthur Minerals Limited announced that it has entered into a a binding agreement with a sophisticated investor for the issue of 25 unsecured convertible notes at a price of AUD 10,000 per note for the gross proceeds of AUD 250,000 on May 20, 2025. The notes will have a coupon rate of 10% and a maturity date of 12 months from the date of issue. The notes are convertible at the election of the Investor at any time prior to maturity, at a fixed price of AUD 0.015 per share. Issue of shares on conversion is subject to the Corporations Act 2001 (Cth) and the ASX listing Rules, including shareholder approval where required New Risk • Nov 17
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: -AU$2.5m 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 (-AU$2.5m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€7.40m market cap, or US$7.79m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • Oct 01
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. 2 non-independent directors. Independent Non-Executive Director Paul Welker was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 30
Andrew Suckling to Step Down from Macarthur Minerals Limited Board, Effective from September 26, 2024 Macarthur Minerals Limited announced that Andrew Suckling will not be standing for re-election at the Annual General Meeting (AGM) scheduled for 26 September 2024. Mr. Suckling final day with the Company will be 26 September 2024. Since joining Macarthur in 2019, Mr. Suckling has executed his roles as Non-Executive Director and as Chairman of the Remuneration and Nomination Committee as well as Chairman of the Audit and Risk Committee with due care and diligence. Announcement • Aug 29
Macarthur Minerals Limited, Annual General Meeting, Sep 26, 2024 Macarthur Minerals Limited, Annual General Meeting, Sep 26, 2024. Location: at suite 1g, building 1, kings row office park, 40-52 mcdougall street, milton, queensland Australia Announcement • Jul 30
Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.282273 million. Macarthur Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.282273 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,193,831
Price\Range: AUD 0.053
Transaction Features: Subsequent Direct Listing Announcement • Jul 12
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of $2 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,735,849
Price\Range: $0.053
Transaction Features: Subsequent Direct Listing New Risk • Jun 30
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: -AU$2.8m 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 (-AU$2.8m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m (AU$259k revenue, or US$173k). Market cap is less than US$10m (€7.63m market cap, or US$8.17m). Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Significant insider selling over the past 3 months (€70k sold). New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.75m (US$9.51m) 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 (28% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€8.75m market cap, or US$9.51m). Minor Risks Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Significant insider selling over the past 3 months (€298k sold). New Risk • Mar 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% 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 (28% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (€10.6m market cap, or US$11.4m). Announcement • Mar 01
Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million. Macarthur Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Nov 25
Macarthur Minerals Limited Intersects High Grade Lithium at Tambourah South Macarthur Minerals Limited announced that 2m @ 1.38% Li2O & 1,258 ppm Rb, 125 ppm Cs & 105 ppm Ta from 30m including 1m @ 2.10% Li2O, 1,060 ppm Rb, 119 ppm Cs & 80 ppm Ta from 31m. Located in the East Pilbara region of Western Australia, Tambourah South is situated among major lithium producers such as Pilbara Minerals' Pilgangoora Operations, Mineral Resources' Wodgina Project, Global Lithium's Archer project and emerging exploration ventures like Wildcat Resources' Tabba Tabba Lithium Project. Macarthur is eagerly anticipating the results of the Ambient Noise Tomography (ANT) survey imaging undertaken in March/April 2023 at Tambourah South to see whether the mineralised zone thickens at depth. If this system proves to extend to depth below the 1,500 metre surface expression, this may lead to a significant and promising new discovery for Infinity. Macarthur holds 21.65% of the issued equity and is the largest shareholder in Infinity, which is an Australian mining exploration company focused primarily on renewable rare earth minerals in Western Australia. Macarthur's spinoff to Infinity Mining, of its non-core renewable energy assets in 2021 has allowed the Company to commit its full focus to its Lake Giles Iron Project in Western Australia. The Lake Giles Iron Project mineral resources include the Ularring magnetite resource (approved for development) comprising Indicated resources of 54.5 million tonnes at 47.2% Fe and Inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred). The Mineral Resource and Ore Reserve estimates presented herein have previously been released to the ASX on March 21, 2022, including supporting JORC reporting tables. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of Mineral Resources and Mineral Reserves that all assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Announcement • Aug 03
Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2023 Macarthur Minerals Limited, Annual General Meeting, Aug 29, 2023, at 10:01 E. Australia Standard Time. Location: Suite 1G, Building 1 Kings Row Office Park 40-52 McDougall Street Brisbane Queensland Australia Agenda: To receive and consider the Australian statutory report of the directors and the Australian and Canadian financial reports of the Company and its controlled entities for the year ended 31 March 2023 together with the Auditors' reports thereon; to adoption of remuneration report; to re-election of directors; to election of director paul ryan welker; to appointment of canadian auditor; to ratification of previous securities issues; to approval of 10% placement capacity; and to consider other matter. Announcement • Jun 30
Macarthur Minerals Limited Auditor Raises 'Going Concern' Doubt Macarthur Minerals Limited filed its Annual on Jun 28, 2023 for the period ending Mar 31, 2023. In this report its auditor, RSM & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Recent Insider Transactions • May 26
Insider recently bought €58k worth of stock On the 24th of May, Mary Peden bought around 600k shares on-market at roughly €0.097 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €242k more in shares than they bought in the last 12 months. Board Change • May 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Andrew Suckling was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 