Tillkännagivande • Jun 17
ProAm Explorations Corporation Reports Results of Terrane Structural Review and Identifies District-Scale Targets At Golden Ridge ProAm Explorations Corporation reported on results of a comprehensive structural geology review and site visit completed by Terrane Geoscience Inc. (`Terrane") on the Company's 100%-optioned Golden Ridge Project in western New Brunswick. Highlights: The study materially improved the Company's understanding of the geological and structural controls on mineralization at Poplar Mountain (historic resource area); Historical geophysical surveys suggest the presence of a possible deep-seated intrusive source beneath or proximal to Poplar Mountain; Multiple untested geophysical anomalies and structural targets have been identified along the highly prospective Woodstock Fault corridor within claim boundary; Potential secondary fault structures may provide opportunities for offset extensions or repetitions of known mineralization; and Management believes Golden Ridge exhibits characteristics consistent with a district-scale gold system with potential for multiple mineralized centres. By integrating more than thirty years of geological, geochemical, geophysical, drilling and mapping data into a modern three-dimensional framework, Terrane has significantly advanced the Company's understanding of the Poplar Mountain gold deposit and the broader Golden Ridge property. Historic drilling comprising 88 holes defined a dominant northeast-trending mineralized corridor measuring approximately 800 metres by 250 metres. A historical mineral resource estimate completed in 2013 by Mercator Geological Services reported 520,200 ounces of gold contained within 17.78 million tonnes grading 0.91 g/t gold with a cut-off of 0.35 g/t in the inferred category. The Company is not treating the historical estimate as current mineral resources or mineral reserves, and a qualified person has not completed sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Terrane study indicates that limited historical structural data collection at Poplar Mountain constrained previous interpretations of the broader controls on mineralization and regional prospectivity. Management believes that improved data integration, structural analysis, and targeted follow-up drilling provide a clear opportunity to expand the interpreted mineralized system and evaluate additional targets across the property. The study also highlighted several untested regional geophysical targets from a 1997 EM survey. Management believes these targets, together with the potential to expand the known mineralized system, support the view that Golden Ridge represents a compelling district-scale exploration opportunity. Reported Earnings • Jun 04
Full year 2025 earnings released: CA$0.034 loss per share (vs CA$0.074 loss in FY 2024) Full year 2025 results: CA$0.034 loss per share (improved from CA$0.074 loss in FY 2024). Revenue: CA$24.0k (up 315% from FY 2024). Net loss: CA$354.8k (loss narrowed 43% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 17
ProAm Explorations Corporation announced that it has received CAD 0.5318 million in funding On April 16, 2026. ProAm Explorations Corporation announced that it has closed the transaction. No finders' fees were paid on the second tranche closing of the private placement. The securities issued in connection with the second-tranche closing will have a statutory hold period expiring on August 16, 2026. Tillkännagivande • Mar 26
ProAm Explorations Corporation announced that it expects to receive CAD 0.525 million in funding ProAm Explorations Corporation announced a private placement to issue 3,500,000 units at a price of CAD 0.15 for gross proceeds of CAD 525,000 on March 25, 2026. Jason Cubitt will be subscribing for up to 1,500,000 units. Each unit will consist of one share and one-half of one transferable share purchase warrant. Each warrant being exercisable at a price of CAD 0.20 for 2 years from the date of issuance. The private placement is subject to the approval of the TSX Venture Exchange. Tillkännagivande • Mar 25
ProAm Explorations Corporation Appoints Rodney Stevens as Director Effective March 25, 2026 ProAm Explorations Corporation announced the appointment of Rodney Stevens as a director effective March 25, 2026. Mr. Stevens is a CFA Charterholder with over a decade of experience in the capital markets, first as an investment analyst with Salman Partners Inc., and subsequently as a merchant and investment banker. Mr. Stevens was also a portfolio manager registered with Wolverton Securities Ltd. and over the course of his career, he has been instrumental in assisting financings, mergers and acquisitions worth over CAD 1 billion in transactional value. Tillkännagivande • Mar 19
ProAm Explorations Corporation announced that it expects to receive CAD 0.15 million in funding ProAm Explorations Corporation announced a private placement financing of up to 1,000,000 units at a price of CAD 0.15 for gross proceeds of CAD 150,000 on March 18, 2026. Each unit will consist of one share and one-half of one transferable share purchase warrant, with each whole warrant being exercisable at a price of CAD 0.20 for two years from the date of issuance. Jason Cubitt, chief executive officer and a director of the corporation, will be subscribing for up to 350,000 units for gross proceeds of up to CAD 52,500. The private placement is subject to the approval of the TSX Venture Exchange. Board Change • Mar 13
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 Director TJ de Jong 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. Recent Insider Transactions • Mar 01
CEO & Chairman recently sold CA$52k worth of stock On the 26th of February, Jason Cubitt sold around 350k shares on-market at roughly CA$0.15 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jason's only on-market trade for the last 12 months. Reported Earnings • Nov 28
Third quarter 2025 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 3Q 2024) Third quarter 2025 results: CA$0.003 loss per share (in line with 3Q 2024). Revenue: CA$4.8k (up 32% from 3Q 2024). Net loss: CA$32.9k (loss narrowed 29% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Board Change • Nov 14
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 TJ de Jong 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 16
ProAm Explorations Corporation announced that it has received CAD 0.195 million in funding On October 15, 2025, ProAm Explorations Corp closed the transaction. The transaction announced that it has issued 2,400,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 120,000 in final tranche. Each unit consists of one share and one transferable share purchase warrant, with each warrant being exercisable at a price of CAD 0.06 for a period of one year from the date of issuance. The securities issued pursuant to the private placement will be subject to a regulatory hold period expiring on February 16, 2026. New Risk • Sep 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% 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. Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m (CA$9.4k revenue, or US$6.8k). Market cap is less than US$10m (CA$754.7k market cap, or US$547.1k). Minor Risk Negative equity (-CA$246k). Tillkännagivande • Sep 03
ProAm Explorations Corporation announced that it expects to receive CAD 0.2 million in funding ProAm Explorations Corporation announces a private placement to issue 4,000,000 units at an issue price of CAD 0.05 for the proceeds of CAD 200,000 on September 2, 2025.Each Unit will consist of one share and one transferable share purchase warrant with each Warrant being exercisable at a price of CAD 0.06 for 12 months from the date of issuance. Jason Cubitt, CEO and a Director of the Corporation, will be subscribing for up to 500,000 Units for gross proceeds of up to CAD 25,000. The transaction is subject to the approval of the TSX Venture Exchange. Reported Earnings • Aug 28
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (up CA$4.1k from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Board Change • Aug 28
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 TJ de Jong 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. New Risk • Jul 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Shares are highly illiquid. Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (CA$8.2k revenue, or US$6.0k). Market cap is less than US$10m (CA$526.7k market cap, or US$383.5k). Minor Risks Negative equity (-CA$164k). Shareholders have been diluted in the past year (25% increase in shares outstanding). Tillkännagivande • Jul 26
ProAm Explorations Corporation announced that it has received CAD 0.066 million in funding On July 25, 2025, ProAm Explorations Corporation closed the transaction. The company issued 1,650,000 units at an issue price of CAD 0.04 cents for gross proceeds of CAD 660,000.Each unit consists of one share and one transferable share purchase warrant, with each warrant being exercisable at a price of CAD 0.05 for a period of one year from the date of issuance. The securities issued pursuant to the private placement will be subject to a regulatory hold period expiring on Nov. 26, 2025. Board Change • Jun 25
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. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 24
ProAm Explorations Corporation, Annual General Meeting, Aug 21, 2025 ProAm Explorations Corporation, Annual General Meeting, Aug 21, 2025. Location: british columbia, vancouver Canada New Risk • Jun 06
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$51k 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$51k free cash flow). Shares are highly illiquid. Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (CA$8.2k revenue, or US$6.0k). Market cap is less than US$10m (CA$335.9k market cap, or US$245.8k). Minor Risk Negative equity (-CA$164k). New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (CA$5.8k revenue, or US$4.2k). Market cap is less than US$10m (CA$311.0k market cap, or US$225.5k). Minor Risk Negative equity (-CA$126k). Board Change • Apr 23
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 09
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 06
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 09
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 20
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 15
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. 5 non-independent directors. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 04
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. President & Non-Independent Co-Chairman Donald MacDonald was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$139k free cash flow). Shares are highly illiquid. Revenue is less than US$1m (CA$5.7k revenue, or US$4.2k). Market cap is less than US$10m (CA$533.1k market cap, or US$391.2k). Minor Risk Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Reported Earnings • May 29
First quarter 2024 earnings released: EPS: CA$0 (vs CA$0.001 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0 (improved from CA$0.001 loss in 1Q 2023). Net income: CA$8.0k (up CA$19.0k from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Board Change • May 15
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 Al Fabbro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 02
Full year 2023 earnings released: CA$0.013 loss per share (vs CA$0.006 loss in FY 2022) Full year 2023 results: CA$0.013 loss per share (further deteriorated from CA$0.006 loss in FY 2022). Net loss: CA$218.3k (loss widened 139% from FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 05
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 22
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0 in 3Q 2022) Third quarter 2023 results: CA$0.003 loss per share (further deteriorated from CA$0 in 3Q 2022). Net loss: CA$49.8k (down CA$55.4k from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 13
ProAm Explorations Corporation, Annual General Meeting, Jan 12, 2024 ProAm Explorations Corporation, Annual General Meeting, Jan 12, 2024. New Risk • Oct 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$279k free cash flow). Shares are highly illiquid. Revenue is less than US$1m (CA$22k revenue, or US$16k). Market cap is less than US$10m (CA$533.1k market cap, or US$385.6k). Minor Risk Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Board Change • Oct 10
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.9% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$115k free cash flow). Shares are highly illiquid. Revenue is less than US$1m (CA$28k revenue, or US$21k). Market cap is less than US$10m (CA$613.2k market cap, or US$464.9k). Minor Risk Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Board Change • Jun 10
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
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. Independent Director Al Fabbro was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 21
First quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 1Q 2022) First quarter 2023 results: CA$0.001 loss per share (in line with 1Q 2022). Net loss: CA$11.0k (loss narrowed 43% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Net income: CA$5.5k (up 19% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 19
ProAm Explorations Corporation, Annual General Meeting, Jan 20, 2023 ProAm Explorations Corporation, Annual General Meeting, Jan 20, 2023. Reported Earnings • May 05
Full year 2021 earnings released Full year 2021 results: Net loss: CA$24.8k (loss narrowed 83% from FY 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 21
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$21.1k (up 116% from 3Q 2020). Net income: CA$12.9k (up CA$41.3k from 3Q 2020). Profit margin: 61% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.003 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$21.1k (up 422% from 2Q 2020). Net income: CA$12.9k (up CA$36.1k from 2Q 2020). Profit margin: 61% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Tillkännagivande • Jun 15
ProAm Explorations Corporation Reports Select Assay Results from Sampling Geochemical Anomaly ProAm Explorations Corporation reported select assay results from sampling geochemical anomaly. Highlights of this sampling returned 147 ppm Ag (4.59 oz. Ag) with 0. 41% Cu, 283 ppm Ag (8.84 oz. Ag) with 1.98% Cu, 3.11% Cu, 5.1 ppm Ag (0.16 oz. Ag) with 3.96% Cu, and 176 ppm Ag (5.5 oz. Ag) and a Pb overlimit of 20%. Six Ag samples from Barite Hill and the newly discovered adjacent Emma zone assayed from 12.75 ppm Ag (0.4 oz. Ag) to 283 ppm Ag (8.8 oz. Ag). All samples described have been assayed by ALS protocol ME-MSG1, and for overlimit samples Ag-OG62 for silver, Cu-OG62 for copper, and Pb-OG62 for lead. To further the exploration of the larger area under ProAm's claims, a small section of the total property related to the bigger of three gravity anomalies, in the area referred to as Barite Hill, was chosen to conduct a small Induced Polarization (I.P.) and Magnetic - gradiometer geophysical survey. Accordingly, Big Sky Geophysics from Montana was contracted to run an I.P. trial line coincident with Gravity Line 4 looking for a conductive zone below Barite Hill. The electrode configuration (dipole-dipole array) gave ProAm a look down of approximately 300 metres (980 feet). The I.P. survey was also accompanied by a magnetic - gradiometer survey. Reported Earnings • May 04
Full year 2020 earnings released Full year 2020 results: Net loss: CA$144.6k (loss narrowed 18% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 23
Proam Explorations Corporation Receives Its 3Rd and Last Batch of Assays ProAm Explorations Corporation received its 3rd and last batch of assays on February 9 from its short drilling program 17 miles (27 Km.) south of Wendover, Nevada which terminated in November, 2020. The drilling of 3 vertical (NQ) holes was conducted on the Fluorite zone gravity anomaly which is 1 of 3 gravity anomalies identified in 2018. The Fluorite quarry anomaly is the most northerly of the 3 gravity anomalies detected along a south east trend which extends some 6 kilometers, and is known collectively as the Jet property. Extensive detail mapping of the 3 gravity anomaly areas was undertaken concomitantly with the drilling program. Drill hole FQ-1 was drilled immediately north of the Fluorite quarry floor and drill holes FQ-2 and FQ-3 were drilled 112 feet (34 metres) and 112 feet (34 metres) southwest of, and northeast of drill hole FQ-1 respectively. Drill hole FQ-01 was drilled to -179 feet (-54.6 metres). Drill hole FQ-02 was drilled to - 253 feet (77.1 meters) and Drill Hole FQ-03 was drilled to -100 feet (-30.5 metres). All the holes intersected bedded sequences of massive, brecciated, badly fractured and faulted limestones, sandstones, and dolomites. The drill core was taken to Carlin Trend Mining Supplies & Services where it was tagged and sawn at nominally 5 foot (1.5 metre) intervals. Highlighted assays below are from 5 foot core lengths unless stated otherwise. Carlin Trend then took the samples to the ALS Elko, NV prep lab where it was crushed and pulverized and a split taken for shipping to the ALS North Vancouver, BC laboratory for analysis. All samples were analyzed using ALS' ME-MS61 protocol. Fluorite was observed in the drill cores, but not analysed for, as it is assayed in a different protocol. Highlights of the 3 drill holes were anomalous values in hole FQ-1 of 5680 ppm Ba (barium), 1795 ppm Cu (copper), 487 ppm Pb (lead), and 134 ppm Zn (zinc) in 5 foot (1.5 metres) assay lengths. The whole of FQ-1 was anomalous in Ba over 255 feet (76.2 metres) with a mean value of 1190.2 ppm Ba. Hole FQ-2 intersected 5 foot long (1.5 metres) values of 8.27 ppm Ag (silver), 6760 ppm Ba, 105.5 ppm Cu, 129.5 ppm Pb, and 1130 ppm Zn. The whole of FQ-2 has a mean value of 797.9 ppm Ba over 255 feet (76.2 metres). Tillkännagivande • Jul 08
ProAm Explorations Corporation announced that it has received CAD 0.23695 million in funding On July 6, 2020, ProAm Explorations Corporation (TSXV:PMX) closed the transaction. The company issued 3,385,000 units for gross proceeds of CAD 236,950 in the transaction. The transaction included participation from insiders of the company. The units are subject to a hold period expiring on November 4, 2020. The company paid, finder’s fees of CAD 4,480 in cash in the transaction.