Tillkännagivande • May 11
Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,111,112
Price\Range: AUD 0.27
Transaction Features: Subsequent Direct Listing Board Change • May 01
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Chairman of the Board Evan Alexander Cranston is the most experienced director on the board, commencing their role in 2025. Independent Non-Executive Director David Allan Coyne was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Mar 11
Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,111,112
Price\Range: AUD 0.27
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Tolga Kumova was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 17
Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million. Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Transaction Features: Subsequent Direct Listing Tillkännagivande • Dec 11
Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million. Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 28
Torque Metals Limited, Annual General Meeting, Nov 26, 2025 Torque Metals Limited, Annual General Meeting, Nov 26, 2025. Location: suite 23, 513 hay street, subiaco, wa 6008, Australia Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Tolga Kumova was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 14
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 Australian 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 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m (AU$197k revenue, or US$125k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$27.0m market cap, or US$17.1m). Tillkännagivande • Feb 03
Torque Metals Limited Announces Resignation of Imants Kins as Non-Executive Director, Effective 3 February 2025 Torque Metals Limited advised that Non-Executive Director Mr. Imants Kins has resigned from the Board of Torque Metals, effective 3 February 2025. This change is pursuant to a condition outlined in the Variation Agreements entered into with the Vendors of the New Dawn Lithium project, as announced to the ASX on 11 December 2023. Mr. Kins has been an invaluable member of the Board over the last year, following his appointment with the acquisition of the New Dawn Lithium Project in WA. The Directors extend their gratitude to Mr. Kins for his valuable support and corporate guidance towards Torque Metals' objectives. This announcement has been authorised by the Board of Directors of Torque. Tillkännagivande • Jan 30
Torque Metals Limited (ASX:TOR) entered into a binding scheme implementation deed to acquire Aston Minerals Limited (ASX:ASO) in a merger of equals transaction for AUD 21.5 billion. Torque Metals Limited (ASX:TOR) entered into a binding scheme implementation deed to acquire Aston Minerals Limited (ASX:ASO) in a merger of equals transaction for AUD 21.5 billion on January 28, 2025. As part of the deal, Torque Metals Limited will offer 1 Torque share for every 5.2 Aston Minerals Limited shares, representing an offer price of AUD 0.01 per Aston Minerals Limited share. Upon implementation of the Scheme, existing shareholders of Torque Metals Limited and Aston Minerals Limited will hold approximately 50% and 50% of the combined entity.Aston Minerals Limited has agreed to provide Torque Metals Limited with a working capital facility of up to A$1.2 million to assist with costs incurred by Torque in connection with the Proposed Merger. Tolga Kumova and Evan Cranston will be joining the Board of Torque, with Cristian Moreno and Andrew Woskett to remain in their respective roles of Managing Director and Chairman. The transaction is subject to ASIC and ASX approvals, approval of offer by target shareholders, consummation of private placement, Independent Expert Report, and subject to court approval. The expected completion of the transaction is late April 2025. The Board of Directors of Aston Minerals Limited unanimously recommend that all shareholders and option holders vote in favour of the offer. Euroz Securities Limited acted as financial advisor for Torque Metals Limited. Allion Legal acted as legal advisor for Torque Metals Limited. Steinepreis Paganin. Automic Pty Ltd acted as legal advisor for Aston Minerals Limited. acted as a registrar to Aston Minerals Limited. Tillkännagivande • Oct 26
Torque Metals Limited, Annual General Meeting, Nov 25, 2024 Torque Metals Limited, Annual General Meeting, Nov 25, 2024. Location: level 4, 88 william street, perth wa 6000 Australia Tillkännagivande • Oct 03
Golden Horse Minerals Limited (TSXV:GHML) agreed to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.45 million. Golden Horse Minerals Limited (TSXV:GHML) agreed to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.45 million on September 25, 2024. A cash consideration of AUD 0.45 million will be paid by Golden Horse Minerals Limited. As part of consideration, AUD 0.45 million is paid towards assets of Bullfinch Gold Project. Tillkännagivande • Oct 01
Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.1 million. Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,750,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.91m) 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 Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (AU$243k revenue, or US$168k). Market cap is less than US$10m (AU$14.3m market cap, or US$9.91m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m (AU$243k revenue, or US$168k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$15.6m market cap, or US$10.8m). Tillkännagivande • Sep 11
Torque Metals Limited Announces Executive Changes Torque Metals Limited announced that Henko Vos has resigned from his role as Joint Company Secretary effective 11 September 2024. Jessamyn Lyons replaces Mr. Vos as Joint Company Secretary. Ms Lyons is a Director of Nexia Perth, a financial services firm specialising in providing company secretarial, CFO and transaction management services involving both listed and unlisted companies. Further, the company announced that Flynn Blackburn remains as Joint Company Secretary. For the purposes of ASX Listing Rule 12.6, both Mr. Blackburn and Ms Lyons will be responsible for communications between the Company and ASX. Tillkännagivande • Aug 16
Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.815 million. Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.815 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,846,154
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 12
Torque Metals Limited Announces Change of Joint Company Secretary, Effective 15 July 2024 Torque Metals Limited advised the appointment of Flynn Blackburn as Joint Company Secretary, replacing Jessamyn Lyons. Mr. Blackburn is an Associate Corporate Advisor at Nexia Perth, a financial services firm specialising in providing company secretarial, CFO and transaction management services involving both listed and unlisted companies. The Company further advises that Henko Vos remains as Joint Company Secretary. For the purposes of ASX Listing Rule 12.6, both Mr. Vos and Mr. Blackburn will be responsible for communications between the Company and ASX. These changes will be effective 15 July 2024. Tillkännagivande • Mar 22
Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.8155 million. Torque Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.8155 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,850,000
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0078
Transaction Features: Subsequent Direct Listing New Risk • Mar 15
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$5.3m 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 (-AU$5.3m free cash flow). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m (AU$243k revenue, or US$160k). Minor Risk Market cap is less than US$100m (AU$26.0m market cap, or US$17.1m). Tillkännagivande • Jan 18
Torque Metals Limited Welcomes the Appointment of Imants Kins as Non-Executive Director Torque Metals Limited welcomes the appointment of Mr. Imants Kins as a Non-Executive Director, effective immediately, reflecting the maturing of the Company's assets. Mr. Imants Kins is a highly respected senior executive with more than 40 years' experience in resources and technology sectors as an active executive and non-executive director/chairman of ASX-listed companies, unlisted companies, and not- for-profit organisations. Mr. Kins' non-executive directorships include Atlas Iron (a Hancock Prospecting Group company), Critical Infrastructure Technologies (Chair Citech) and not-for-profit organizations Australians for Northern Development & Economic Vision (Co Chair ANDEV) and Aroga Network. He was involved with Tantalum Australia (TAA, 2001-2006) in numerous roles from 2001 as consultant, Managing Director and Executive Chairman which,during that time, TAA was holder of the New Dawn Lithium Project tenements other tantalum and associated minerals tenements around Norseman that had been explored by TAA. Imants therefore adds significant value to Torque Metals with his experience as the Company moves to advance its adjacent New Dawn Lithium Project. TAA changed its name to ABM Resources in October 2006. Imants holds a Bachelor of Economics from the University of Western Australia and Master of Arts in Futures Studies from the Curtin University of Technology. Tillkännagivande • Nov 15
Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Torque Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,084,260
Price\Range: AUD 0.12
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,249,073
Price\Range: AUD 0.12
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.0m free cash flow). Share price has been highly volatile over the past 3 months (69% average weekly change). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$104k revenue, or US$67k). Minor Risk Market cap is less than US$100m (AU$40.3m market cap, or US$25.9m). Tillkännagivande • Jun 28
Altan Rio Minerals Limited (TSXV:AMO) signed a conditional sale agreement to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.75 million. Altan Rio Minerals Limited (TSXV:AMO) signed a conditional sale agreement to acquire Bullfinch Gold Project from Torque Metals Limited (ASX:TOR) for AUD 0.75 million on June 26, 2023. Under the terms, Altan Rio made a non-refundable cash payment of AUD 0.1 million upon signing the sale agreement. Conditional upon the secondary listing of Altan Rio on ASX and assignment of Torque’s Bullfinch obligations on or before December 15, 2023 (end date), Altan Rio shall on completion, at its election either: pay Torque a further AUD 0.65 million cash or issue shares to Torque to the value of AUD 0.65 million. During the period until the earlier of completion or end date, Altan Rio shall be responsible for all expenditure commitments associated with maintaining the tenements comprising the Bullfinch Project in good standing, failing which the sale agreement shall terminate. Tillkännagivande • Jun 27
Torque Metals Limited Announces Change in Company Secretary Torque Metals Limited advises that founder and Company Secretary Mr. Neil McKay has ceased his role as Company Secretary for Torque. These and associated services will immediately be undertaken by Jessamyn Lyons, a Director of Nexia Australia, with colleague and fellow Director Henko Vos as Joint Company Secretary. Mr. McKay was a founding Director of Torque and instrumental in Torque successfully attaining ASX listing in June 2021. He was part of the team that guided Torque through the challenging market conditions of 2019/20, and successfully raised the capital to acquire the Paris Gold Project. This was a pivotal moment for the Company and Paris has since advanced significantly to its current status as the Company's flagship asset. The Board thanks Neil for his contributions and service to Torque and wish him well in his future endeavours. Nexia Australia is a member of Nexia International, a leading worldwide network of independent accounting and consulting firms and has been delivering a range of Managed Services to various listed and unlisted entities for over 20 years. Tillkännagivande • Jun 01
Torque Metals Limited Announces Resignation of Ian Finch as Non-Executive Director Torque Metals Limited (Torque or the Company) advised that founder and Non-Executive Director Mr. Ian Finch has resigned from the Company's Board. Mr. Finch was a founding Director and past Chairman of Torque and successfully attained ASX listing in June 2021. Ian was instrumental in acquiring the Paris Gold Project and the Bullfinch gold-nickel prospects in Western Australia. He guided Torque through the challenging market conditions of 2019/20, successfully raising the capital to acquire the Paris Project. This was a pivotal moment for the Company. Paris has advanced significantly during Ian's tenure to its position as the Company's asset and exploration results to date augur well for its future. 
