Reported Earnings • Apr 26
Full year 2025 earnings released: CA$0.03 loss per share (vs CA$0.018 loss in FY 2024) Full year 2025 results: CA$0.03 loss per share (further deteriorated from CA$0.018 loss in FY 2024). Revenue: CA$6.53m (up 41% from FY 2024). Net loss: CA$7.08m (loss widened 166% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 14
Tuktu Resources Ltd. Announces CFO Changes, Effective February 13, 2026 Tuktu Resources Ltd. announced leadership changes, effective February 13, 2026. Tuktu is pleased to welcome Craig Wall, CPA, CA as Chief Financial Officer (CFO). Craig brings over 25 years of experience as a senior finance professional, beginning his career with EY and KPMG before transitioning to the oil and gas sector. Mr. Wall previously held the position of VP Finance at Corval Energy and Bighorn Energy Corp. and prior to that held progressively senior roles at various oil and gas companies including Real Resources, Arsenal Energy and Greenfire Resources. Tuktu also announces that Mark Smith, former Chief Financial Officer, is no longer with the Company. Recent Insider Transactions • Feb 03
Independent Director recently bought CA$97k worth of stock On the 28th of January, Robert Yurchevich bought around 2m shares on-market at roughly CA$0.04 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$292k. Insiders have collectively bought CA$803k more in shares than they have sold in the last 12 months. Tillkännagivande • Jan 17
Tuktu Resources Ltd. Approves to Remove Tim De Freitas as A Director of the Company, Effective January 15, 2026 Tuktu Resources Ltd. at its special meeting of shareholders held on January 15, 2026, approved the proposal to remove Mr. Tim de Freitas from his role as a director of the Company effective immediately. New Risk • Jan 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$6.8m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (CA$9.29m market cap, or US$6.77m). Recent Insider Transactions • Dec 26
Independent Director recently bought CA$169k worth of stock On the 24th of December, Robert Yurchevich bought around 5m shares on-market at roughly CA$0.036 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$292k. Insiders have collectively bought CA$705k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 05
Independent Director recently bought CA$292k worth of stock On the 28th of November, Robert Yurchevich bought around 7m shares on-market at roughly CA$0.044 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$536k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 23
Third quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.013 loss in 3Q 2024) Third quarter 2025 results: CA$0.01 loss per share (improved from CA$0.013 loss in 3Q 2024). Revenue: CA$1.24m (down 28% from 3Q 2024). Net loss: CA$1.33m (loss narrowed 29% from 3Q 2024). 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 22% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 26
Independent Director recently bought CA$194k worth of stock On the 23rd of September, Robert Yurchevich bought around 5m shares on-market at roughly CA$0.04 per share. This transaction increased Robert's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$625k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 22
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$1.76m (up 208% from 2Q 2024). Net loss: CA$71.4k (loss narrowed 93% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Aug 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.3m (US$9.62m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Market cap is less than US$10m (CA$13.3m market cap, or US$9.62m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$6.4m revenue, or US$4.7m). Board Change • Jul 02
High number of new directors Independent Director Robert Yurchevich was the last director to join the board, commencing their role in 2025. Tillkännagivande • Jun 05
Tuktu Resources Ltd. Elects Robert Yurchevich as Board of Directors Tuktu Resources Ltd. announced that Robert Yurchevich was elected to the Company's board of directors at the annual general meeting and special meeting of shareholders held on June 4, 2025. Robert Yurchevich, CPA, CFA, is the Founder and President of Blackfriars Capital Management Inc., a private investment management firm specializing in absolute return event-driven strategies. Prior to founding Blackfriars in 1999, he held senior-level financial and operating positions in the real estate development, wholesale distribution, investment management, and energy sectors. New Risk • May 23
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$8.6m 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$8.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$6.4m revenue, or US$4.7m). Market cap is less than US$100m (CA$21.2m market cap, or US$15.4m). New Risk • May 08
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 Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (CA$4.6m revenue, or US$3.3m). Market cap is less than US$100m (CA$23.9m market cap, or US$17.2m). Reported Earnings • Apr 25
Full year 2024 earnings released: CA$0.02 loss per share (vs CA$0.015 profit in FY 2023) Full year 2024 results: CA$0.02 loss per share (down from CA$0.015 profit in FY 2023). Revenue: CA$4.64m (up 244% from FY 2023). Net loss: CA$2.66m (down 323% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 04
Tuktu Resources Ltd., Annual General Meeting, Jun 04, 2025 Tuktu Resources Ltd., Annual General Meeting, Jun 04, 2025. Location: alberta, calgary Canada Reported Earnings • Nov 27
Third quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.005 loss in 3Q 2023) Third quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.005 loss in 3Q 2023). Revenue: CA$1.73m (up 287% from 3Q 2023). Net loss: CA$1.89m (loss widened 346% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 22
Independent Director recently bought CA$101k worth of stock On the 21st of November, Robert Dales bought around 1m shares on-market at roughly CA$0.09 per share. This transaction increased Robert's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$328k more in shares than they have sold in the last 12 months. Tillkännagivande • Nov 21
Tuktu Resources Ltd. has completed a Composite Units Offering in the amount of CAD 10.049832 million. Tuktu Resources Ltd. has completed a Composite Units Offering in the amount of CAD 10.049832 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 111,664,805
Price\Range: CAD 0.09
Discount Per Security: CAD 0.0054
Transaction Features: Rule 144A New Risk • Aug 21
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$3.6m 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$3.6m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Minor Risks Revenue is less than US$5m (CA$2.0m revenue, or US$1.4m). Market cap is less than US$100m (CA$14.3m market cap, or US$10.5m). Tillkännagivande • Aug 05
Tuktu Resources Ltd., Annual General Meeting, Oct 09, 2024 Tuktu Resources Ltd., Annual General Meeting, Oct 09, 2024. Location: alberta, calgary Canada New Risk • May 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% 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 (36% average weekly change). Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Market cap is less than US$10m (CA$8.57m market cap, or US$6.25m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (CA$1.8m revenue, or US$1.3m). Tillkännagivande • May 15
Tuktu Resources Ltd. announced that it expects to receive CAD 1.234834 million in funding Tuktu Resources Ltd. announced a private placament of senior secured promissory note for gross proceeds of CAD 1,234,833.60 on May 13, 2024. The promissory note is interest free. The monthly principal payments are required beginning on July 25, 2024 which are calculated as a percentage of the company's production times the realized commodity price. The maturity date of the promissory note is June 1, 2027. Tillkännagivande • Apr 19
Tuktu Resources Ltd. announced that it expects to receive CAD 2 million in funding Tuktu Resources Ltd. announced a brokered private placement of 40,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,000,000 on April 17, 2024. Each unit shall be comprised of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.075 for a period of 36 months from closing of the offering. The company has granted the agent an option to offer for sale up to an additional 15% of the number of units sold in the offering. The common shares and warrants underlying the units issuable in the offering will be subject to the standard statutory four-month-plus-one-day hold period. It is expected that the closing of the offering will occur on or about May 6, 2024, or such other date as mutually agreed to by the Agent and the company, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Company has granted the Agent an option (the "Agent's Option") to offer for sale up to an additional 15% of the number of Units sold in the Offering, which Agent's Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering. New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% 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 Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m (CA$862k revenue, or US$645k). Market cap is less than US$10m (CA$5.86m market cap, or US$4.39m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Tillkännagivande • Dec 29
Tuktu Resources Ltd. announced that it has received CAD 1.596915 million in funding On December 28, 2023, Tuktu Resources Ltd closed the transaction. The company issued 31,938,299 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 1,596,914.95. Each unit consists of one common share of the Company and one common share purchase warrant, with each Warrant entitling the holder to purchase one Common Share at a price of $0.075 for a 36-
month term ending December 28, 2026. The company paid Agent a commission and corporate finance fee of an aggregate of CAD 129,920, which a portion of the Commission was paid through the issuance of 2,338,300 Units under the Private Placement. In addition, the Company also issued 1,398,400 broker warrants (the "Broker Warrants") to the Agent and certain other selling group firms, with each Broker Warrant entitling the Agent to purchase one Unit at an exercise price equal to $0.05 for a period of 36 months ending December 28, 2026. Tillkännagivande • Dec 14
Tuktu Resources Ltd. announced that it expects to receive CAD 1.5 million in funding Tuktu Resources Ltd. announced a brokered private placement of up to 30,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 1,500,000 on December 13, 2023. Each unit shall be comprised of one common share and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.075 for a period of 36 months from closing of the offering. The company has granted the agent an option to offer for sale up to an additional 15% of the number of units sold in the offering, which agent's option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the offering. The company will pay the agent a commission equal to 8% of the gross proceeds of the offering, other than in respect of proceeds from the sale of units to certain president's list purchasers identified by the company, for which a 4% commission will be payable. The agent will receive such number of broker warrants as is equal to 8% of the number of units sold under the offering, other than in respect of the units sold to the president's list purchasers, for which the agent shall receive broker warrants equal to 4% of the number of such units. Each broker warrant shall entitle the holder thereof to purchase one unit at an exercise price equal to CAD 0.05 for a period of 36 months following the closing of the offering. The closing of the offering will occur on or about December 21, 2023, or such other date as mutually agreed to by the agent and the company, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable security regulatory authorities. The units issuable in the offering will be subject to the standard statutory four-month plus one day hold period. Tillkännagivande • Oct 20
Tuktu Resources Ltd. (TSXV:TUK) entered into a definitive agreement to acquire 29,685 hectares of Certain oil assets located in southern Alberta for CAD 3 million. Tuktu Resources Ltd. (TSXV:TUK) entered into a definitive agreement to acquire 29,685 hectares of Certain oil assets located in southern Alberta for CAD 3 million on October 17, 2023. The combined offering and private placement amount of CAD 2.5 million will be used to finance the acquisition. The transaction is subjected to the regulatory approvals. The acquisition is expected to close on or about December 1, 2023. Tillkännagivande • Oct 19
Tuktu Resources Ltd. announced that it expects to receive CAD 2.5 million in funding Tuktu Resources Ltd. announced a private placement of units at a price of CAD 0.06 per unit for the gross proceeds of CAD 2,500,000 on October 17, 2023. Each unit shall be comprised of one
common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.0975 for a period of 36 months from closing of the private placements. Tillkännagivande • Oct 15
Cascade Copper Corp. (CNSX:CASC) completed the acquisition of 90% stake in Isintok Property from Tuktu Resources Ltd. (TSXV:TUK). Cascade Copper Corp. (CNSX:CASC) signed a Letter of Intent to acquire 90% stake in Isintok Property from Tuktu Resources Ltd. (TSXV:TUK) for CAD 0.2 million on June 22, 2023. Cascade Copper Corp. (CNSX:CASC) entered into a definitive agreement to acquire 90% stake in Isintok Property from Tuktu Resources Ltd. (TSXV:TUK) for CAD 0.27 million on September 28, 2023. The Purchase Price is to be satisfied through the issuance of 2,150,538 units of Cascade at a deemed price of CAD 0.093 per Unit. Each Unit shall be comprised of one (1) Share and one half (1/2) Share purchase warrant of Cascade. Each full Warrant shall be exercisable for one (1) Share at an exercise price of CAD 0.15 for a period of three (3) years from the closing date of the Transaction. The Warrants do not vest and are not exercisable until 12 months following the date of the Purchase Agreement. The Transaction is subject to applicable regulatory approvals, including the approval of the Canadian Securities Exchange. The Transaction is expected to close on or about October 5, 2023.
Cascade Copper Corp. (CNSX:CASC) completed the acquisition of 90% stake in Isintok Property from Tuktu Resources Ltd. (TSXV:TUK) on October 13, 2023. Under the Agreement, the company has issued an aggregate of 2,150,538 common shares and 1,075,269 warrants. The warrants will not vest and are not exercisable until September 28, 2024. New Risk • Oct 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$4.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 68% per year over the past 5 years. Revenue is less than US$1m (CA$416k revenue, or US$304k). Market cap is less than US$10m (CA$5.81m market cap, or US$4.25m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Tillkännagivande • Dec 10
Tuktu Resources Ltd. (TSXV:TUK) signed a purchase and sale agreement to acquire Certain Oil and Gas Assets in the Southern Alberta Foothills for CAD 1.3 million. Tuktu Resources Ltd. (TSXV:TUK) signed a purchase and sale agreement to acquire Certain Oil and Gas Assets in the Southern Alberta Foothills for CAD 1.3 million on December 9, 2022. Tuktu will acquire the Assets for an aggregate Purchase Price of CAD1.3 million, consisting of CAD 100,000 in cash and the issuance of 10.0 million Units, with a deemed price of CAD 0.12 per Unit. The Acquisition is subject to applicable regulatory approvals, parent entity of the Vendor shareholder approval and TSX Venture Exchange review and approval. The Acquisition is expected to close early Q1 2023. Tillkännagivande • Dec 01
Tuktu Resources Ltd. Announces Demise of Gordon Dixon, K.C, Founder, Board Member Tuktu Resources Ltd. is saddened to announce the passing of its founder, long time board member and significant shareholder, Mr. Gordon Dixon, K.C. Mr. Dixon has been with the Company since 1995 and was instrumental in the Company's recent recapitalization transaction that was completed earlier this year. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Chairman Gordon Dixon is the most experienced director on the board, commencing their role in 1995. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Oct 20
Tuktu Resources Ltd. Approves Natalie Sweet as Director Tuktu Resources Ltd. at its annual and special meeting of shareholders held on October 20, 2022, approved Natalie Sweet as director. Board Change • Sep 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Bill Guinan was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 20
Jasper Mining Corporation, Annual General Meeting, Oct 19, 2022 Jasper Mining Corporation, Annual General Meeting, Oct 19, 2022. Board Change • Jul 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Bill Guinan was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 11
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 Miles Willard was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Aug 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. 1 experienced director. 2 highly experienced directors. Independent Director Miles Willard was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Nov 07
Jasper Mining Corporation, Annual General Meeting, Jan 12, 2021 Jasper Mining Corporation, Annual General Meeting, Jan 12, 2021. 