New Risk • Apr 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% 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 Negative equity (-CA$288k). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.08m market cap, or US$2.25m). Tillkännagivande • Apr 15
Puranium Energy Ltd. announced that it has received CAD 0.580222 million in funding On April 14, 2026, Puranium Energy Ltd closed the transaction. New Risk • May 08
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$624k 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$624k free cash flow). Shares are highly illiquid. Negative equity (-CA$94k). Revenue is less than US$1m. Market cap is less than US$10m (CA$647.8k market cap, or US$466.9k). Tillkännagivande • Oct 14
Puranium Energy Ltd., Annual General Meeting, Dec 17, 2024 Puranium Energy Ltd., Annual General Meeting, Dec 17, 2024. Board Change • Aug 02
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 David Lees was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 31
Puranium Energy Ltd. Appoints Nick Tintor as Director Puranium Energy Ltd. announced that it has appointed Nick Tintor as a Director of the Company effective immediately. Nick Tintor is a mining executive and geologist who holds a Bachelor of Science in Geology from the University of Toronto and has more than 30 years of experience in the mining industry. He has been involved in all aspects of junior mining from project generation, finance and executive management and is a Qualified Professional Member of the Mining and Metallurgical Society of America, a Qualified Person under NI 43-101. Mr. Tintor currently serves as a director of Benz Mining Corp. and Hercules Metals Corp. and is past President and CEO of Toachi Mining Inc., a company he cofounded and led from inception from the acquisition of the La Plata project in Ecuador to the delivery of a maiden NI 43-101 resource study. He was also cofounder, President CEO of Anaconda Mining and Vice President Canada of Moto Gold Mines Inc. until its sale in 2009. New Risk • May 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: -CA$471k 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$471k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.75m market cap, or US$1.28m). New Risk • Feb 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$395k). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.03m market cap, or US$2.25m). Tillkännagivande • Feb 02
Puranium Energy Ltd. announced that it has received CAD 0.7455 million in funding On February 1, 2024, Puranium Energy Ltd. closed the transaction. The company amended the terms of the transaction and issued 9,318,750 units at a price of CAD 0.08 per unit for proceeds of CAD 745,500. Each unit is comprised of one common share and one half common share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of CAD 0.12 for a period of 36 months from the closing of the offering. Insiders participated in the Private Placement. In connection with the closing, the company paid CAD 2,800 cash finder’s fees and 35,000 finders warrants to eligible finders. Tillkännagivande • Nov 15
Puranium Energy Ltd. announced that it expects to receive CAD 1.1 million in funding Puranium Energy Ltd. announced a non-brokered private placement of up to 11,000,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 1,100,000 on November 14, 2023. Each unit will be comprised of one common share and one-half of common share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of CAD 0.14 for a period of 24 months from the closing of the offering. All securities issued pursuant to offering will be subject to a four-month and one day statutory hold period and legended accordingly. Tillkännagivande • Feb 11
Puranium Energy Ltd. announced that it expects to receive CAD 0.492499 million in funding Puranium Energy Ltd. announced a non-brokered private placement of up to 3,333,333 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 500,000 on February 10, 2023. Each unit consists of one common share and one half of one warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.25 per share at any time within 2 years after closing.
On the same day, the company issued 1,388,000 units for gross proceeds of CAD 200,700 in the first tranche. The company paid CAD 2,400 cash as finder's fees and 16,000 finders warrants to eligible finder. Tillkännagivande • Nov 08
Puranium Energy Ltd. Completes Additional Work on the Desktop Study Puranium Energy Ltd. announce that the Company has recently completed additional work on the desktop study of its 93,514-hectare property portfolio in the prolific Erongo Province of Namibia. In the recent work, Puranium's technical team focused on Exclusive Prospecting License, EPL-7646 and EPL-8084 which cover close to 40,000 hectares and are situated approximately 15 km from the Langer Heinrich Mine. The focus of the desktop study on the EPLs was to compile additional historical exploration reports and develop a work program for the EPLs, which the Company plans to commence in early 2023. The analyzed data showed that significant historical drilling was carried out, resulting in a historical resource, and several high-priority paleochannels were discovered on both EPLs. An initial exploration program on the EPLs is currently under development and will focus on confirmatory exploration and regional expansion of identified targets. The program will include: Sampling and radiometric surveying on the identified paleochannels Very Low Frequency Electromagnetic survey across channels to map geological structures Fence drilling along priority areas on both EPLs 39 drill holes completed by previous operators delineated 838,200 pounds of U3O8*1 and outlined significant potential for resource expansion. Historical drilling in the northeastern section of EPL-8084 indicates a prospective two-km-long uranium anomaly within the Tinkas paleochannel. Airborne geophysics and radiometric data, obtained from the Ministry of Mines and Energy, highlight radiometric anomalies coinciding with the historically identified paleochannels. Several significantly sized and highly prospective paleochannels were identified and will form the basis of a comprehensive work program in 2023. 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. 3 non-independent directors. Independent Non-Executive Chairman of the Board Guy Le Page was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 16
Monterey Minerals Inc., Annual General Meeting, Jun 08, 2022 Monterey Minerals Inc., Annual General Meeting, Jun 08, 2022. Tillkännagivande • Jan 19
Monterey Minerals Inc. (CNSX:MREY) signed a letter of intent to acquire 85% stake in Seven Namibian Uranium Prospecting Licenses from a group of private prospectors. Monterey Minerals Inc. (CNSX:MREY) signed a letter of intent to acquire 85% stake in Seven Namibian Uranium Prospecting Licenses from a group of private prospectors on January 18, 2022. As part of the transaction, Monterey will pay $0.2 million in cash and 8 million common shares. The Monterey Minerals has received the due diligence approval. Tillkännagivande • Dec 25
Monterey Minerals Inc. announced that it has received CAD 1.3825 million in funding On December 24, 2021, Monterey Minerals Inc. closed the transaction. The company issued 5,530,000 units for gross proceeds of CAD 1,382,500. The transaction included participation from three directors of the company. Tillkännagivande • Dec 11
Monterey Minerals Inc. announced that it expects to receive CAD 1.4 million in funding Monterey Minerals Inc announced a non-brokered private placement of up to 5,600,000 units at a price of CAD 0.25 per unit for the total gross proceeds of CAD 1,400,000 on December 10, 2021. Each unit will consist of one common share and one non-transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.35 for a period of 24 months from the date of issue and will be subject to an acceleration clause whereby the Company may force exercise of the warrant any time before the end of the 24- month period if the Monterey share price trades over CAD 0.50 for 10 consecutive days. The company may pay finder's fees consisting of 5% cash and 5% non-transferable warrants in connection with the transaction, subject to compliance with the policies of the Canadian Securities Exchange. All securities issued pursuant to the transaction are subject to a hold period of four months. The transaction is subject to regulatory approvals, including the approval of the Canadian Securities Exchange. Tillkännagivande • Feb 04
Monterey Minerals Inc. Reports Assay Results from 2020 Monterey Minerals Inc. reported assay results from the 2020 exploration drilling program that was recently completed at the wholly-owned Alicia gold and base metals project in Alicia Municipality, Philippines. The ten (10) hole diamond drilling program was completed in December 2020 for a total of 2,074 metres ("m"). The program focused on three veins (Pamaraw, Baloy and Sandi Veins) of the previously identified eleven veins that have been discovered at the project to date. Encouragingly, all of the holes in the program intercepted significant veining and alteration zones, consistent with the epithermal gold deposit model. There are a number of drill targets remaining on the tenements that warrant testing together with areas requiring additional magnetics, surface mapping and sampling. However, while this last campaign of drilling was successful in intersecting mineralized structures and returning elevated gold values, results were below expectations and the Company is currently considering its options on the tenement prior to committing to any further work. Tillkännagivande • Jan 14
Monterey Minerals Inc. Completes Ten Hole Diamond Drilling Program At Alicia High-Grade Gold Project Monterey Minerals Inc. announced that the company has completed the previously announced ten (10) hole diamond drilling program at its wholly-owned Alicia high-grade gold and base metals project in the Philippines ("Alicia Project"). The ten-hole diamond drilling program commenced on October 7, 2020 and 2,074 metres were completed in December 2020. The depth of the holes ranged from the first hole, which was 150 metres in length to the hole number 6, which was 318.8 metres in length with the average length being just over 200 metres. Monterey's primary focus was to test the along strike and down dip potential of the Alicia epithermal vein system. The program targeted three veins (Pamaraw, Baloy and Sandi) and also included the discovery of a new vein (the Toto Vein) on the property. Alicia now hosts eleven veins that have been discovered at the project to date. The target model for the Alicia Project, is that of a multi vein epithermal deposit, located within the highly prospective "boiling zone" of the hydrothermal system. Recent drilling (Hole #10 EX SV 019) also indicates that there may be a degree of telescoping at the project. Telescoping in epithermal and porphyry copper systems occurs when there is a reduction in the volcanic surface throughout the formative life-span of the host volcano. This process is capable of superimposing or juxtaposing copper porphyry mineralization with the epithermal system. Monterey will outline plans for 2021, including further work at the Alicia Project to attempt to identify additional signs of telescoping of the system. Company geologists will examine both the recent and historic core for the presence of copper porphyry veinlets; breccias inspected for clasts of potassic alteration and alteration mapping done to determine if there are any significant areas of potassic alteration. The previously completed ground magnetic survey will also be reviewed and additional surveys planned, as well as investigating the use of Induced-Polarisation surveys at the project site. Tillkännagivande • Nov 06
Monterey Minerals Inc. Provides Update on Drill Program Monterey Minerals Inc. has provided an update on its 2020 drill program at the wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines. Summary Highlights, includes four (4) completed holes: Hole # EX PV 011 - was completed to a depth of 150 metres ("m") and intersected the target zone at a depth of 106.5 m, with a 2 m wide zone of potentially mineralized quartz veining, clay alteration and silicified breccia ("Target Zone"), which is "textbook" epithermal. Hole # EX PV 012 - was completed to a depth of 268 m and intersected two Target Zones. At a depth of 100 m, a 13 m wide zone was intersected and at the depth of 228 m a second 5 m wide zone was intersected. Hole # EX PV 013 - was completed to a depth of 180 m. Hole # EX PV 014 - was completed, yesterday, to a depth of 193 m and intersected a 3.5 m wide zone of the Target Zone at a depth of 167 m. The exploration model is being confirmed by drilling. Discovery of the Toto Vein along strike, making 11 veins in total identified on the property. The Company's technical team has observed several key identifiers in the drill core that suggest that the Alicia project is located within the highly prospective "boiling zone" of an epithermal system. Evidence of this system includes the presence of colloform quartz banding, breccias, late massive calcite veins, native gold, and the presence of fluorite, which have been identified in the core that has been logged to date. The recently discovered Toto Vein is geologically significant as the vein displays clear breccia characteristics and is significantly altered, with sericite, quartz and base metal sulphides being identified by the onsite geological team. Tillkännagivande • Oct 08
Monterey Minerals Inc. Announces Commencement of Drilli At Alicia High-Grade Gold and Base Metals Project in Alicia Municipality, Philippines Monterey Minerals Inc. announced that drilling has commenced at Monterey's wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines. With the commencement of drilling, the Company will execute an initial 3,000 metre program. The drilling targets will focus on the high-grade gold and polymetallic Pamaraw, Baloy, Sandi and Quintilla veins which have been identified over the 10 kilometres of strike length at Alicia. Tillkännagivande • Sep 17
Monterey Minerals Inc. Provides Exploration Update At Alicia Project in the Philippines Monterey Minerals Inc. provided a corporate and exploration update on activities at its wholly-owned Alicia high-grade gold and base metals project in Alicia Municipality, Philippines. IndoDrill, a Philippines based drilling company, has been awarded the initial 3,000 metre drilling contract. Personnel have been mobilized on site and the drill rig is currently being assembled. It is anticipated that drilling will commence before the end of September. 2020 Exploration Program: Trenching activity has continued, with a focus on the Pamaraw, Baloy, Sandi, and Quintilla veins. Priority samples are now being prepared for dispatch to the Intertek laboratory in Manila. Results are expected before the end of October. Further fieldwork, including sampling, will be ongoing in advance of the initiation of drilling. The Company announced that Emma Jadoc is remaining as Exploration Manager at Alicia. Tillkännagivande • Aug 14
Monterey Minerals Inc. (CNSX:MREY) completed the acquisition of Greater Arc Pty Ltd from Greater Arc Resources Limited. Monterey Minerals Inc. (CNSX:MREY) signed a non-binding letter of intent to acquire Greater Arc Pty Ltd from Greater Arc Resources Limited for CAD 3.24 million on February 11, 2020. Monterey Minerals will issue 54 million shares as consideration. On May 22, 2020, Monterey signed a definitive agreement. Monterey Minerals will look to complete the definitive purchase and sale agreement later in the first quarter of 2020, following due diligence. The transaction is expected to complete by June 15, 2020. As of July 13, 2020, the transaction is expected to be completed before July 31, 2020.
Monterey Minerals Inc. (CNSX:MREY) completed the acquisition of Greater Arc Pty Ltd from Greater Arc Resources Limited on August 13, 2020. Tillkännagivande • Jul 08
Monterey Minerals Inc. announced that it expects to receive CAD 1.5 million in funding Monterey Minerals Inc. (CNSX:MREY) announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.05 per unit for the total gross proceeds of CAD 1,500,000 on July 7, 2020. Each unit will consist of one common share and one non-transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.10 for a period of 24 months from date of issue. The company may pay finder's fees consisting of 8% cash and 8% non-transferable warrants in connection with the transaction, subject to compliance with the policies of the Canadian Securities Exchange. All securities issued pursuant to the transaction are subject to a hold period of four months. The transaction is subject to regulatory approvals, including the approval of the Canadian Securities Exchange. Tillkännagivande • Jun 21
Monterey Minerals Inc. (CNSX:MREY) completed the spin off 1093682 BC Ltd. Monterey Minerals Inc. (CNSX:MREY) entered into a letter of intent to spin off 1093682 B.C. Ltd. on September 30, 2016. Monterey Minerals Inc. entered into a plan of arrangement to spin off 1093682 B.C. Ltd. on October 31, 2016. Pursuant to the agreement, each of the subsidiaries will issue 1,010,549 common shares to shareholders of Monterey Minerals Inc. In related deals, Monterey Minerals Inc. entered into a letter of intent to spin off 1093683 BC Ltd., 1093681 BC Ltd., and 1093684 BC Ltd. (now Blue Aqua Holdings Ltd.). On November 29, 2016, Monterey Minerals Inc. received court approval for Plan of Arrangement. The distribution record date for the transaction is April 18, 2018.
Monterey Minerals Inc. (CNSX:MREY) completed the spin off 1093682 BC Ltd. on August 28, 2018. 