Tillkännagivande • May 04
Connected Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.5 million. Connected Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,272,727
Price\Range: AUD 0.165
Discount Per Security: AUD 0.0099
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 10
Connected Minerals Limited, Annual General Meeting, Nov 19, 2025 Connected Minerals Limited, Annual General Meeting, Nov 19, 2025. Location: at level 24, 44 st georges terrace, wa 6000, perth Australia New Risk • Sep 26
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$1.8m 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$1.8m free cash flow). Shareholders have been substantially diluted in the past year (267% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.16m market cap, or US$5.34m). New Risk • Apr 29
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 17% 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 Shareholders have been substantially diluted in the past year (267% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.33m market cap, or US$5.97m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Tillkännagivande • Apr 07
Connected Minerals Limited Commences Its Maiden Reverse Circulation (Rc) Reconnaissance Drilling Programme At the Etango North-East Project in Namibia Connected Minerals Limited advised it has commenced its maiden Reverse Circulation (RC) reconnaissance drilling programme at the Etango North-East Uranium Project in Namibia. The Company recently appointed well-established Namibian drilling contractor, Hammerstein Drilling, to undertake drilling programmes at the Etango North- East (EPL 6933) and Swakopmund (EPL 9162) Projects in Namibia. Drilling has commenced in April on schedule. The programme will comprise 36 RC holes for 3,050m, with 2,600m at Etango North-East and 450m at Swakopmund. Drilling will initially focus on the Etango North-East Project where high priority-targets have been identified following high-grade results from a rock-chip sampling programme completed in December 2024. Following further detailed work in the field, Connected recently expanded its previously proposed drilling programme at Etango North-East. Drilling will then shift to the Swakopmund Project where the focus will be on targets identified by Connected Minerals following a recent horizontal-loop electromagnetic ("HLEM") survey. Based in Swakopmund, Hammerstein Drilling is a highly experienced contractor which has led RC drilling programmes for mining exploration companies in Namibia, Angola and internationally. Connected Minerals has secured all of the permits it requires to commence the drilling programme. New Risk • Oct 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 204% 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. Shareholders have been substantially diluted in the past year (204% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.90m market cap, or US$6.49m). Board Change • Oct 28
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. 3 non-independent directors. Independent Non-Executive Director Barend Morkel was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 25
Connected IO Limited (ASX:CIO) acquired 100% stake in Namibia U308 Pty Ltd from the shareholders for AUD 4.6 million. Connected IO Limited (ASX:CIO) entered into a share sale agreement to acquire 100% stake in Namibia U308 Pty Ltd from the shareholders for AUD 4.6 million on June 26, 2024. A cash consideration of AUD 0.1 million will be paid by Connected IO Limited. The consideration consists of 7.5 million common equity of Connected IO Limited to be issued for common equity and 15 million performance rights convertible shares of Connected IO Limited to be issued. the Company will issue 15 million Performance Rights to the Namibia U308 Vendors as part of the consideration for the acquisition of Namibia U308 as follows: (a) 2,500,000 Class A Performance Rights; (b) 2,500,000 Class B Performance Rights; (c) 2,500,000 Class C Performance Rights; and (d) 7,500,000 Class D Performance Rights. Namibia U308 holds 80% legal and beneficial interest in 1 granted exclusive prospecting licence (EPL) (being EPL 6933) and 3 EPL applications (being EPL 9162, EPL 9576 and EPL 9705) located in Namibia (Namibian Projects), which are considered to be prospective for uranium. Completion of the NU308 Agreement is subject to the satisfaction (or any permitted waiver) of certain conditions, including, the company raising a minimum of AUD 4 million (before costs) under the Capital Raisings, the company completing its due diligence, the company obtaining all necessary shareholder approvals required by the Corporations Act and the Listing Rules, Completion will take place 5 business days after satisfaction (or waiver) of the conditions (or such other date agreed by the parties). The NU308 Agreement contains customary termination rights, including due to the failure of a condition.
Connected IO Limited (ASX:CIO) completed the acquisition of 100% stake in Namibia U308 Pty Ltd from the shareholders on October 23, 2024. Tillkännagivande • Oct 24
Connected IO Limited (ASX:CIO) acquired Licenses E70/6165, E09/2465 and E08/3304 in Western Australia from Mining Equities Pty Ltd. Connected IO Limited (ASX:CIO) entered into a binding term sheet to acquire Licenses E70/6165, E09/2465 and E08/3304 in Western Australia from Mining Equities Pty Ltd on June 26, 2024. The consideration consists of 1.3 million common equity of Connected IO Limited to be issued for assets of Licenses E70/6165, E09/2465 and E08/3304 in Western Australia. As part of consideration, an undisclosed value is paid towards assets of Licenses E70/6165, E09/2465 and E08/3304 in Western Australia.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and consummation of due diligence investigation. Completion of the transaction is subject to the satisfaction (or any permitted waiver) of certain key conditions precedent, including: (i) the Company raising a minimum of AUD 4 million (before costs) under the Capital Raisings; (ii) the Company completing its due diligence; (iii) the Company obtaining all necessary Shareholder approvals required by the Corporations Act and the Listing Rules; (iv) the Company obtaining all necessary waivers and confirmations required by the Listing Rules; (v) the Company lodging the Prospectus with ASIC for the purposes of the Capital Raisings and re-complying with Chapters 1 and 2 of the Listing Rules; (vi) the Company completing the Consolidation; and (vii) the Company receiving conditional approval from ASX confirming that ASX will grant re-quotation of its Shares on the Official list, on terms reasonably acceptable to the Company. The expected completion of the transaction is September 3, 2024.
Connected IO Limited (ASX:CIO) completed the acquisition of Licenses E70/6165, E09/2465 and E08/3304 in Western Australia from Mining Equities Pty Ltd on October 23, 2024. Tillkännagivande • Oct 22
Connected Minerals Limited, Annual General Meeting, Nov 26, 2024 Connected Minerals Limited, Annual General Meeting, Nov 26, 2024. Location: at level 24, 44 st georges terrace, perth, wa 6000 Australia Tillkännagivande • Jun 28
Connected IO Limited (ASX:CIO) entered into a share sale agreement to acquire 100% stake in Namibia U308 Pty Ltd from the shareholders for AUD 4.6 million. Connected IO Limited (ASX:CIO) entered into a share sale agreement to acquire 100% stake in Namibia U308 Pty Ltd from the shareholders for AUD 4.6 million on June 26, 2024. A cash consideration of AUD 0.1 million will be paid by Connected IO Limited. The consideration consists of 7.5 million common equity of Connected IO Limited to be issued for common equity and 15 million performance rights convertible shares of Connected IO Limited to be issued. the Company will issue 15 million Performance Rights to the Namibia U308 Vendors as part of the consideration for the acquisition of Namibia U308 as follows: (a) 2,500,000 Class A Performance Rights; (b) 2,500,000 Class B Performance Rights; (c) 2,500,000 Class C Performance Rights; and (d) 7,500,000 Class D Performance Rights. Namibia U308 holds 80% legal and beneficial interest in 1 granted exclusive prospecting licence (EPL) (being EPL 6933) and 3 EPL applications (being EPL 9162, EPL 9576 and EPL 9705) located in Namibia (Namibian Projects), which are considered to be prospective for uranium. Completion of the NU308 Agreement is subject to the satisfaction (or any permitted waiver) of certain conditions, including, the company raising a minimum of AUD 4 million (before costs) under the Capital Raisings, the company completing its due diligence, the company obtaining all necessary shareholder approvals required by the Corporations Act and the Listing Rules, Completion will take place 5 business days after satisfaction (or waiver) of the conditions (or such other date agreed by the parties). The NU308 Agreement contains customary termination rights, including due to the failure of a condition. Tillkännagivande • Oct 20
Connected IO Limited, Annual General Meeting, Nov 29, 2023 Connected IO Limited, Annual General Meeting, Nov 29, 2023, at 14:00 W. Australia Standard Time. Location: Level 24, 44 St Georges Terrace Perth Western Australia Australia Board Change • Apr 27
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 Chairman Adam Sierakowski-Dutton was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 10
Yakov Temov completed the acquisition of CIO Technology, Inc from Connected IO Limited (ASX:CIO). Yakov Temov entered into a share transfer deed to acquire CIO Technology, Inc from Connected IO Limited (ASX:CIO) for AUD 1 on November 25, 2021. Yakov Temov agreed to accept transfer of the CIO Tech shares and the responsibility for repaying a AUD 0.4 million loan owed by CIO Tech to the Company. The transaction is subject to a number of conditions precedent being satisfied (or waived) by the parties, including shareholder approval, regulatory approval, Connected IO and CIO Tech entering into the IP Licence Agreement, entering into a formal deed of forgiveness with respect to all intercompany loans between the Company and CIO Tech other than the CIO Loan, which have been advanced to CIO Tech on an ongoing basis, totaling approximately AUD 2.567 million and entering into a letter agreement extending the repayment of the CIO Loan, to be due and payable on or before June 30, 2022. All conditions have been met other than Shareholder approval. The transaction is expected to close on January 6, 2022. The repayment of the CIO Loan will be used to repay Connected IO outstanding loans which were provided to the Company by third parties to fund inventory production within CIO Tech.
Yakov Temov completed the acquisition of CIO Technology, Inc from Connected IO Limited (ASX:CIO) on January 10, 2022. All conditions has been satisfied. Tillkännagivande • Dec 03
Warehouse Management Systems Inc. acquired CIO Technology, Inc from Connected IO Limited (ASX:CIO). Warehouse Management Systems Inc. acquired CIO Technology, Inc from Connected IO Limited (ASX:CIO) on December 1, 2021.
Warehouse Management Systems Inc. completed the acquisition of CIO Technology, Inc from Connected IO Limited (ASX:CIO) on December 1, 2021. Reported Earnings • Oct 11
Full year 2021 earnings released: AU$0.16 loss per share (vs AU$0.11 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$1.20m (down 69% from FY 2020). Net loss: AU$5.69m (loss widened 138% from FY 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.11 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$1.20m (down 69% from FY 2020). Net loss: AU$5.80m (loss widened 143% from FY 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 28
Connected IO Limited has completed a Follow-on Equity Offering in the amount of AUD 0.074383 million. Connected IO Limited has completed a Follow-on Equity Offering in the amount of AUD 0.074383 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,191,604
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Transaction Features: Subsequent Direct Listing Tillkännagivande • Dec 02
Connected Io Limited Announces Resignation of Yakov Temov as Managing Director Connected IO Limited advised that Mr. Yakov Temov has resigned as Managing Director of Connected IO to focus on the US operations and to enable the Company to undergo a strategic review. Mr. Temov will continue as a director of CIO Technology Inc. the company's wholly owned US subsidiary and as CEO of that company to run the company's US based operations and devote his efforts to recovering the US business from the difficult trading conditions that have
prevailed through the majority of 2020. Reported Earnings • Oct 03
Full year earnings released - AU$0.011 loss per share Over the last 12 months the company has reported total losses of AU$2.39m, with losses widening by 20% from the prior year. Total revenue was AU$3.82m over the last 12 months, up 47% from the prior year. 