Board Change • May 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. 2 highly experienced directors. Independent Director Jonathan Fowler was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 21
Talmora Diamond Inc., Annual General Meeting, Jun 17, 2026 Talmora Diamond Inc., Annual General Meeting, Jun 17, 2026. Location: ontario, toronto Canada Board Change • Apr 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. 2 highly experienced directors. Independent Director Jonathan Fowler was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Aug 16
Chairman of the Board exercised options to buy CA$20k worth of stock. On the 14th of August, Raymond Davies exercised options to buy 1m shares at a strike price of around CA$0.05, costing a total of CA$50k. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. Since September 2024, Raymond's direct individual holding has increased from 39.18m shares to 41.18m. Company insiders have collectively bought CA$100k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jun 09
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$398k 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$398k free cash flow). Shares are highly illiquid. Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.37m market cap, or US$1.73m). Tillkännagivande • Apr 29
Talmora Diamond Inc., Annual General Meeting, Jun 25, 2025 Talmora Diamond Inc., Annual General Meeting, Jun 25, 2025. Location: ontario, toronto Canada New Risk • Apr 20
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$422k 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$422k free cash flow). Shares are highly illiquid. Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.35m market cap, or US$1.70m). Tillkännagivande • Jul 16
Talmora Diamond Inc. announced that it expects to receive CAD 0.4 million in funding Talmora Diamond Inc. announced a non-brokered private placement of up to 5,000,000 HD units at a price of CAD 0.05 per HD unit for gross proceeds of CAD 250,000; and up to 3,000,000 flow-through units at a price of CAD 0.05 per flow-through unit for gross proceeds of CAD 150,000; for aggregate gross proceeds of up to CAD 400,000 on July 16, 2024. Each HD Unit will be comprised of one non-flow-through common share and one common share purchase warrant. Each flow-through unit will be comprised of one flow-through common share and one warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.06 per warrant share for a period of twelve months following the closing date of the offering. The transaction will include participation from certain directors and officers of the company. The company has reserved the right to increase the size of the offering by up to 25% of the size of the offering, such that the company may raise additional gross proceeds of up to CAD 100,000 in any combination of HD Units and flow-through units, subject to the approval of the Canadian Securities Exchange. It is expected that the closing of the offering will close on or about August 16, 2024, or such other date or dates that the company may determine, subject to the receipt of all required regulatory approval, including acceptance of the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a hold period of four months and one day from the closing date, in accordance with applicable Canadian securities laws. In connection with the offering, the company may pay finders’ fees in cash or securities, or a combination of both, as permitted by the policies of the exchange. Tillkännagivande • Sep 02
Talmora Diamond Inc. announced that it has received CAD 0.2635 million in funding On August 31, 2023, Talmora Diamond Inc., closed the transaction. The company issued 8,700,000 hard dollar units at a price of CAD 0.025 per unit for the gross proceeds of CAD 217,500 and 1,533,333 flow-through units at a price of CAD 0.03 per flow through unit for the gross proceeds of CAD 45,999.99 for the total gross proceeds of CAD 263,499.9 in the transaction. Each HD unit will be comprised of one common share and one common share purchase warrant. Each FT unit will be comprised of one common share and one Warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.05 per warrant share for a period of 12 months following the closing date of the offering. All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing date. The transaction included participation from individual investor, Raymond Davies, acquired 6,400,000 hard dollar units and 1,533,333 flow-through units under the offering. Tillkännagivande • Aug 10
Talmora Diamond Inc. announced that it expects to receive CAD 0.38 million in funding Talmora Diamond Inc. announced a non-brokered private placement of up to 12,000,000 HD units at a price of CAD 0.025 per unit and up to 2,666,667 flow-through units at a price of CAD 0.03 per unit for the aggregate gross proceeds of CAD 380,000 on August 9, 2023. The company has reserved the right to increase the size of the offering by up to 25% of the size of the offering, such that the company may raise additional gross proceeds of up to CAD 95,000 in any combination of HD Units and FT Units, subject to the approval of the Canadian Securities Exchange. Each HD unit will be comprised of one common share and one common share purchase warrant. Each FT unit will be comprised of one common share and one Warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.05 per warrant share for a period of 12 months following the closing date of the offering. The transaction is expected to close on or about August 31, 2023. All securities issued in connection with the offering will be subject to a hold period of four months and one day from the closing date. In connection with the Offering, the company may pay finders’ fees in cash or securities, or a combination of both. The transaction is subject to the approval of all required regulatory authorities and including acceptance of the Exchange. Tillkännagivande • Jul 14
Talmora Diamond Inc. and Olivut Resources Ltd. Provide Exploration Update on Seahorse Project Talmora Diamond Inc. reported that Olivut Resources Ltd. operators of the Seahorse Project, a 50/50 joint venture between the Company and Olivut has informed the Company that they found a small crystal (<0.5mm) in lakeshore beach concentrate that looks like a diamond but the crystal cannot be verified for fear of losing it with further handling. Olivut does not believe the crystal is significant because it is small and could have been carried in glaciers from anywhere up-ice. However, Olivut has submitted additional beach concentrate for caustic fusion analysis which will confirm its significance or otherwise in the next few weeks. The crystal was found in a portion of a 0.74kg natural concentrate collected from a Seahorse Lake beach. Saskatchewan Research Council (SRC) analysed from this sample 116 kimberlitic and possibly kimberlitic chromites, 4 pseudorutiles and 2 Mn-ilmenites. In a similar sample weighing 1.6kg SRC analysed 97 kimberlitic and possibly kimberlitic chromites, 2 G-9 pyropes, I picro-ilmenite and 1 pseudorutile. In a third sample of normal beach sand weighing 5.9kg SRC analysed 30 kimberlitic and possibly kimberlitic chromites, 1 picro-ilmenite and 2 Mn-ilmenites. The beach that was sampled is on and partly up-ice of one of the Seahorse anomalies and is 1 kilometer to the side of the Main anomaly under Seahorse Lake. The kimberlite indicator minerals (KIMs) may have been brought in by glaciation because part of the beach sediment is certainly derived from overlying glacial till which up-ice is thin and clay rich. The Seahorse shoreline is sandy in contrast to the muddy lakes in the dolomite country to the east which is covered by clay rich till. There is probably a large Tertiary marine component in the beach sediment because the Tertiary Sea may have reached inland as far as Seahorse Lake and eroded pre-existing Cretaceous sediments that could have protected from Eocene weathering any silicate KIMs derived from nearby kimberlites. The Tertiary Sea would also erode the Main anomaly which would have been weathered during the Eocene thermal maximum. Pseudorutile may reflect a weathered kimberlite. It does not travel well in glacial ice. The Seahorse Lake un-weathered pyropes and picro-ilmenites are not characteristic of the Horton Seahorse area tills where the pyropes are corroded with colour loss and picro-ilmenites have diagenetic rutile coatings. However, the un-weathered KIMs could be derived from the Cretaceous sediments that protected them from weathering until they were redistributed in Tertiary sediments that could then overly weathered kimberlite. It is also possible that the glacial ice entering Seahorse Lake over a high ridge may have scoured deep enough into a weathered kimberlite to reach relatively fresh rock. A short summer field program is planned that will sample the down-ice end of Seahorse Lake and include gravitating a bulk sample of beach sediment to recover KIMs. As a result of Eocene weathering pyrope garnets are generally missing from glacial trains in the area but 4 pyrope garnets were recovered from glacial till by Sanatana just down-ice of the Main target indicating that glaciation may have scoured Cretaceous sediments or scoured the Main target sufficiently deep to reach relatively fresh kimberlite. The company expects to recover sufficient pyrope grains to better judge the mineral chemistry of the local targets. Also, The Company intends to protect the targets within the larger Prospecting Permit boundaries as current legislation requires The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size based on 2019 drill program results, favourable diamond stability indicator minerals found regionally and locally, including 15 macro or near macro diamonds found in regional stream samples to the west and 3 in regional till samples down-ice to the NNE, specific geophysical targets, regional and local faults that would favour kimberlite emplacement, occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area. Recent Insider Transactions Derivative • Apr 22
Chairman of the Board exercised options to buy CA$15k worth of stock. On the 19th of April, Raymond Davies exercised options to buy 1m shares at a strike price of around CA$0.05, costing a total of CA$50k. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. Since June 2022, Raymond has owned 27.60m shares directly. This was the only transaction from an insider over the last 12 months. Board Change • Apr 17
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 15
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 17
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 26
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. 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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 14
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 24
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 14
Talmora Diamond Inc., Annual General Meeting, Jun 22, 2022 Talmora Diamond Inc., Annual General Meeting, Jun 22, 2022. Board Change • Apr 27
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 26
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. No experienced directors. 3 highly experienced directors. Independent Director Toby Anthony Strauss was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
High number of new directors President, CEO & Chairman of the Board Ray Davies was the last director to join the board, commencing their role in 2021. Recent Insider Transactions Derivative • Mar 15
President exercised options to buy CA$40k worth of stock. On the 9th of March, Raymond Davies exercised options to buy 1m shares at a strike price of around CA$0.05, costing a total of CA$50k. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. Since June 2020, Raymond's direct individual holding has increased from 23.82m shares to 25.10m. Company insiders have collectively bought CA$114k more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Jul 07
Olivut Resources Ltd. (TSXV:OLV) acquired 50% stake in Seahorse Project of Talmora Diamond Inc. for CAD 0.2 million. Olivut Resources Ltd. (TSXV:OLV) acquired 50% stake in Seahorse Project of Talmora Diamond Inc. for CAD 0.2 million on July 6, 2020. Olivut acquired the 50% by exercising the option agreement it had entered into with Talmora on July 6, 2018. As per the transaction, Olivut will pay CAD 0.2 million to Talmora and will spend CAD 1.2 million over two years. Pursuant to the transaction, Talmora and Olivut will be joint (50/50) owners of the Seahorse assets and Talmora will retain a 1% net smelter return .royalty on certain Seahorse land.
Olivut Resources Ltd. (TSXV:OLV) completed the acquisition of 50% stake in Seahorse Project of Talmora Diamond Inc. on July 6, 2020.