New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Negative equity (-CA$388k). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (CA$321k revenue, or US$229k). Market cap is less than US$10m (CA$3.72m market cap, or US$2.65m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Tillkännagivande • Jun 13
Re: Drying Equipment Inc. entered into an amalgamation agreement to acquire Aisix Solutions Inc. (TSXV:AISX) in a reverse merger transaction for CAD 0.29 million. Re: Drying Equipment Inc. entered into an amalgamation agreement to acquire Aisix Solutions Inc. (TSXV:AISX) in a reverse merger transaction for CAD 0.29 million on June 11, 2026. The transaction will be effected through Aisix Solutions Inc. acquiring all of the issued and outstanding common shares of Re: Drying Equipment Inc. in exchange for common shares of Aisix Solutions Inc, and resulting in the reverse takeover of Aisix Solutions Inc. by Re: Drying Equipment Inc. As part of the transaction, Aisix Solutions Inc. will consolidate the outstanding AISIX Shares on a 10 to 1 basis. Aisix Solutions Inc. will change its name to such name as is acceptable to Re: Drying Equipment Inc. and the Exchange, and will carry on the business of Re: Drying Equipment Inc. Aisix Solutions Inc. will then issue AISIX Shares to the holders of the common shares of Drying in exchange for the Drying Shares on the basis of 193,332.51 post-Consolidation AISIX Shares for each Drying Share held, resulting in the issuance of approximately 19,333,251 post-Consolidation AISIX Shares to Drying's current shareholders. As a result of the amalgamation, the current holders of Drying Shares will hold approximately 51% of the Resulting Issuer Shares and the current holders of the AISIX Shares will hold approximately 49% of the Resulting Issuer Shares.
Upon completion of the Proposed Transaction, it is expected that the board of directors and management of the resulting issuer will consist of Ruslan Elensky as Chairman, Chief Executive Officer and Director, Veronique Laberge as Chief Financial Officer and Corporate Secretary, Riccardo Forno, Genadi Saltikov, Edward Olson and Gioachino Roberti as Director.
The transaction is subject to approval by regulatory board / committee, approval by the board of directors of Re: Drying Equipment Inc. and Aisix Solutions Inc., approval of by the shareholders of Re: Drying Equipment Inc. and Aisix Solutions Inc., and obtaining financing. Tillkännagivande • Apr 30
Aisix Solutions Inc. announced that it has received CAD 0.63 million in funding On April 29, 2026, Aisix Solutions Inc. closed the transaction. The transaction has been approved by the TSX Venture Exchange. Tillkännagivande • Apr 15
Aisix Solutions Inc. announced that it expects to receive CAD 0.5 million in funding Aisix Solutions Inc. announced a non-brokered private placement to issue 25,000,000 common shares at an issue price of CAD 0.02 for gross proceeds of CAD 500,000 on April 14, 2026. The shares issued pursuant to the offering will be subject to a four month hold period pursuant to securities laws in Canada. The offering is expected to close on April 24, 2026, or on such other date or dates in one or more tranches as may be determined by the company. The closing of the offering is subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange. Tillkännagivande • Mar 15
AISIX Solutions Inc Announces Launch of WildfireScore Retail Application AISIX Solutions Inc. announced the launch of its WildfireScore application, the Company's wildfire risk intelligence application for the general public. The application, powered by the Wildfire 3.0 API and data, allows everyone to access wildfire risk scores and reports in Canada. WildfireScore provides short-form and detailed reports allowing customers to understand their property wildfire risk by simply typing their address in a search bar. WildfireScore is a valuable tool for anyone who is looking into purchase property, allowing Canadians to make more informed real estate investment decisions in a changing wildfire risk landscape. The Company is advancing several commercial opportunities related to pilot projects and requests for proposals for its technology and services. These opportunities are subject to review and the execution of definitive agreements. To date, no definitive agreements have been executed and there are no assurances any agreements will be reached. The Company will make announcements regarding these matters in accordance with its continuous disclosure obligations should material agreements be reached. New Risk • Nov 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$1.6m 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-CA$388k). Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (CA$321k revenue, or US$230k). Market cap is less than US$10m (CA$3.05m market cap, or US$2.18m). New Risk • Aug 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 (28% average weekly change). Negative equity (-CA$753k). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (CA$182k revenue, or US$133k). Market cap is less than US$10m (CA$5.34m market cap, or US$3.88m). Tillkännagivande • Jul 21
Aisix Solutions Inc., Annual General Meeting, Sep 15, 2025 Aisix Solutions Inc., Annual General Meeting, Sep 15, 2025. Tillkännagivande • Jul 08
Aisix Solutions Inc. announced that it expects to receive CAD 2.5 million in funding Aisix Solutions Inc. announced a non-brokered private placement of up to 71,428,571 units at a price per Unit of CAD 0.035 for gross proceeds of up to CAD 2,499,999.985 on July 8, 2025. The Units will consist of one common share and one common share purchase warrant. Each Warrant shall entitle the holder to acquire one additional common share at an exercise price of CAD 0.065 for a period of two years from the date of issuance thereof, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at CAD 0.10 for ten (10) consecutive trading days. In connection with the Offering, the Company may pay a finders' fee to eligible finders consisting of (i) a cash commission of up to 7% of the gross proceeds raised from investors introduced by such finders, and/or (ii) non-transferrable finder warrants equal to up to 7% of the number of Units sold to such investors. The Offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange ("TSXV"). The closing of the Offering may occur in one or more tranches and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSXV policies. Tillkännagivande • Jun 13
AISIX Solutions Inc. Welcomes Nick Hill to its Advisory Board AISIX Solutions Inc. announced a new collaboration with Carmanah Wildfire. In addition to this partnership, AISIX Solutions is also pleased to welcome Nick Hill, CEO of Carmanah Wildfire, to the Company's Advisory Board. 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$1.2m 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$348k). Revenue is less than US$1m (CA$45k revenue, or US$32k). Market cap is less than US$10m (CA$2.85m market cap, or US$2.06m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Tillkännagivande • Jan 29
Aisix Solutions Inc. Announces Board Changes Aisix Solutions Inc. announced the appointment of Edward Olson, National Lead, Climate Risk &Adaptation at MNP, to its Board of Directors. Mr. Olson's deep expertise in climate risk and adaptation, corporate sustainability, and financial advisory will enhance Aisix Solutions leadership in delivering advanced climate risk solutions to businesses, governments, and financial institutions. As the National Lead, Climate Risk &Adaptation at MNP, Mr. Olson has been instrumental in guiding organizations through the evolving landscape of climate risk, sustainable finance, and corporate responsibility. With a strong background in risk management, impact investing, and strategic consulting, he brings invaluable insight to AISIX Solutions as it continues to develop innovative AI-driven tools for climate resilience and adaptation. Mr. Olson earned a Bachelor of Commerce in accounting from the University of Alberta in 1998. He is a Chartered Professional Accountant, a Certified Internal Auditor and member of the Association of Certified Fraud Examiners. He holds a Global ESG Competent Boards Designation from Global Competent Boards. Dr. David Poole has resigned as a director effective January 31, 2025. New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Share price has been highly volatile over the past 3 months (40% average weekly change). Negative equity (-CA$434k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.27m market cap, or US$1.60m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Nov 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Share price has been highly volatile over the past 3 months (40% average weekly change). Negative equity (-CA$14k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.84m market cap, or US$2.02m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Recent Insider Transactions • Oct 23
CEO & Director recently bought CA$134k worth of stock On the 22nd of October, Mihalis Belantis bought around 5m shares on-market at roughly CA$0.03 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mihalis has been a buyer over the last 12 months, purchasing a net total of CA$200k worth in shares. Tillkännagivande • Oct 17
Aisix Solutions Inc. announced that it has received CAD 0.5 million in funding On October 16, 2024, Aisix Solutions Inc. closed the transaction. Mihalis Belantis subscribed for 4,100,000 Common Shares. Tillkännagivande • Sep 20
Aisix Solutions Inc. announced that it expects to receive CAD 0.5 million in funding Aisix Solutions Inc. announced a non-brokered private placement of up to 16,666,667 common shares at a price of CAD 0.03 per common share for gross proceeds of up to CAD 500,000.01 on September 18, 2024. The transaction may include participation from insiders. The offering is subject to customary closing conditions including, but not limited to, receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches, with the initial closing date of the offering expected to occur on or around September 30, 2024, and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws and TSX-V policies. Tillkännagivande • Sep 10
Aisix Solutions Inc., Annual General Meeting, Nov 05, 2024 Aisix Solutions Inc., Annual General Meeting, Nov 05, 2024. New Risk • Aug 28
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$14k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$1.4m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$14k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.42m market cap, or US$1.80m). Reported Earnings • May 01
Full year 2023 earnings released: CA$0.019 loss per share (vs CA$0.027 loss in FY 2022) Full year 2023 results: CA$0.019 loss per share (improved from CA$0.027 loss in FY 2022). Net loss: CA$1.62m (loss narrowed 21% from FY 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 09
Aisix Solutions Inc. to Advance Deployment of Cutting-Edge Ai Software for Enhanced IFRS S1 and S2 Compliance Reporting AISIX Solutions Inc. announced its plan to augment its existing AI-powered climate risk datasets and launch an enterprise-level AI solution tailored to ensure compliance with the newly introduced IFRS S1 and S2 reporting standards, which have been in effect since January 2024. This innovative platform will be designed to assist businesses in managing the complexities associated with environmental and climate-related financial disclosures, underscoring AISIX Solutions' dedication to fostering sustainable business practices amid changing regulatory landscapes. The advent of IFRS S1 and S1 standards is a shift in corporate sustainability and climate-related financial reporting. In response, AISIX Solutions is adding functionality to its existing software to create a new robust software suite that will simplify the adaptation process for companies facing these new reporting standards. AISIX's solution aims to streamline data gathering, analysis, and reporting workflows, ensuring compliance with global standards and promoting transparency and accountability in environmental stewardship. The AISIX Solutions platform will utilize domain expertise paired with cutting-edge artificial intelligence and machine learning to automate the aggregation and analysis of relevant data, facilitating the generation of reports compliant with the IFRS S1 and S 2 guidelines while ensuring model and data transparency for auditing and managing climate risks. This approach is expected to significantly alleviate the administrative burden on companies, enabling them to provide stakeholders with insightful, actionable information on climate risks and opportunities. Key features and benefits of the AISIX Solutions software include: Data collection and integration from a variety of sources for enhanced accuracy and completeness. Advanced analytics for assessing and reporting on climate-related risks and opportunities. Customizable reporting templates designed to meet IFRS S1 and S second requirements. Continuous updates to ensure compliance with evolving regulations and standards. Tillkännagivande • Feb 01
Aisix Solutions Inc. Announces the Launch of Wildfire 2.0: the Next Generation of Climate Risk Data Set for Canada AISIX Solutions Inc. announce the release of Wildfire 2.0, a revolutionary climate risk data set. This advanced tool is designed to provide unparalleled insights into wildfire risks, aiding in the effective planning and mitigation strategies for communities and businesses. AISIX Wildfire 2.0 provides probabilities of wildfire across Canada by incorporating fire ignitions and spread. The dataset also includes historical fire and weather information, along with a 1-to-5 score that considers past fire occurrences and future fire probabilities. This dataset is unique in Canada, offering a valuable tool for insurance professionals, real estate agents, and the public to assess their fire risk and understand how it is evolving due to climate change. AISIX's wildfire data layer is generated by building on the Canadian Forest Service workflow, using the Burn-P3 (Probability, Prediction, and Planning) software. Burn-P3 combines the physically-based fire spread model, Prometheus, with a stochastic approach to determining burn probability, simulating billions of synthetic fire events across climatological, morphological, and biophysical conditions to deliver burn probabilities. AISIX's workflow aggregates independent burn scenarios to stochastically determine burn probability for the entirety of Canada. Burn-P3 and its evolution, Burn-P3+, are currently used and validated in Canada and internationally, and documented in manuals, reports, and peer-reviewed publications. By using a proprietary data pipeline, burn probability is systematically modelled for any location in Canada. Once modelling is complete, post-processing is performed on the burn probability dataset to detect and correct boundary artefacts between simulation domains and extrapolates burn probability into the wildland urban interfaces (WUI) of different population centres. Rigorous validation of simulation statistics ensures model performance is evaluated at a local scale and as a pan-Canadian aggregate of burn probability to inform ongoing model refinement and development. Key Features of Wildfire 2.0: Wildfire burn probability and wildfire risk scores, Cumulative wildfire burn probabilities over 1, 10, and 30 years, Average Burn Probabilities within 10km, No. of Small Historical Fires (<200 hectares), No. of Large Historical Fires (>200 hectares), 250m resolution for all of Canada, Based on more than 400 thousand historic fire locations and over 400 billion simulated fires, Builds on top of Canadian Forest Service methodologies that are internationally validated and peer- reviewed. Wildfire 2.0 is the result of extensive work and research of leading climate experts and data scientists. It represents a significant step forward in AISIX Solutions' commitment to providing cutting-edge tools for climate risk assessment. The release of Wildfire 2.0 is not only a testament to AISIX Solutions' innovation in climate risk technology but also reinforces the company's dedication to fostering resilience and preparedness in the face of climate challenges. New Risk • Dec 01
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$1.7m 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$1.7m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.36m market cap, or US$3.22m). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Tillkännagivande • Sep 08
AISIX Solutions to Launch Climate Risk Solution on Apple and Google Store for North American Consumers AISIX Solutions Inc. announced it has partnered with a world-class software development company to accelerate to market an artificial intelligence powered climate risk consumer interface (the "AI Climate Risk Consumer Interface"). This innovative platform aims to equip individuals with the knowledge and tools they need to navigate the complex landscape of climate-related risks and take meaningful action to protect themselves, their physical assets, and their future. Climate change poses an unprecedented threat to planet and demands urgent attention from all sectors of society. Recognizing the critical role individuals play in shaping a sustainable future, AISIX Solutions has developed the AI Climate Risk Consumer Interface to provide actionable insights tailored to personal circumstances. This intuitive interface harnesses the power of advanced machine learning algorithms and environmental datasets to deliver real-time, localized information on climate risks. With the AI Climate Risk Consumer Interface, users will gain access to a comprehensive suite of features designed to increase climate literacy and foster sustainable decision-making. Key functionalities include: Personalized Risk Assessment: The platform analyzes various factors, such as geographical location, to assess the specific climate risks faced by each user. From extreme weather events to rising sea levels, users can gain a deeper understanding of the challenges relevant to their circumstances. Actionable Insights: Users receive tailored recommendations and practical strategies to mitigate climate risks. Whether it's adopting energy-efficient practices, reducing carbon emissions, or investing in climate-resilient solutions, the AI Climate Risk Consumer Interface provides users towards impactful actions. Education and Awareness: The platform empowers users through comprehensive educational resources, interactive modules, and engaging content. It aims to increase climate literacy and foster a sense of collective responsibility, enabling users to contribute meaningfully to the global fight against climate change. Community Engagement: The AI Climate Risk Consumer Interface fosters a vibrant community of environmentally conscious individuals, encouraging knowledge-sharing, collaboration, and collective action. Users can connect, exchange ideas, and amplify their efforts to create a sustainable future. Tillkännagivande • Aug 29
Aisix Solutions Inc., Annual General Meeting, Oct 30, 2023 Aisix Solutions Inc., Annual General Meeting, Oct 30, 2023. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 Share price has been highly volatile over the past 3 months (28% average weekly change). Revenue is less than US$1m (CA$35k revenue, or US$26k). Market cap is less than US$10m (CA$6.79m market cap, or US$5.11m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Tillkännagivande • Jul 07
Minerva Intelligence Inc. announced that it has received CAD 1 million in funding On July 6, 2023, Minerva Intelligence Inc. closed the transaction. A four month hold period will apply to any common shares expiring November 7, 2023. Tillkännagivande • Jun 17
Minerva Intelligence Inc. announced that it expects to receive CAD 1 million in funding Minerva Intelligence Inc. announced a private placement to issue 20,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of CAD 1,000,000 on June 16, 2023. The company may pay finders’ fees in accordance with the policies of the TSX Venture Exchange. A four month hold period will apply to any common shares sold upon the closing of this offering. Reported Earnings • May 01
Full year 2022 earnings released: CA$0.027 loss per share (vs CA$0.052 loss in FY 2021) Full year 2022 results: CA$0.027 loss per share (improved from CA$0.052 loss in FY 2021). Net loss: CA$2.05m (loss narrowed 28% from FY 2021). 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 36% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 10
Seequent Limited completed the acquisition of DRIVER and Geology Division from Minerva Intelligence Inc. (TSXV:MVAI) for CAD 1 million. Seequent Limited entered into an agreement to acquire DRIVER and Geology Division from Minerva Intelligence Inc. (TSXV:MVAI) for CAD 1 million on December 5, 2022. Closing of the sale of the geology division is subject to certain customary conditions.
Seequent Limited completed the acquisition of DRIVER and Geology Division from Minerva Intelligence Inc. (TSXV:MVAI) for CAD 1 million on December 9, 2022. Reported Earnings • Dec 02
Third quarter 2022 earnings released: CA$0.011 loss per share (vs CA$0.015 loss in 3Q 2021) Third quarter 2022 results: CA$0.011 loss per share. Revenue: CA$89.4k (up 14% from 3Q 2021). Net loss: CA$812.1k (loss widened 14% from 3Q 2021). Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). CEO & Director Scott Tillman is the most experienced director on the board, commencing their role in 2019. Independent Chairman of the Board Jason Petralia was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Oct 22
Minerva Intelligence Inc., Annual General Meeting, Dec 29, 2022 Minerva Intelligence Inc., Annual General Meeting, Dec 29, 2022. Tillkännagivande • Sep 23
Minerva Intelligence Inc. Announces Launch of Climate Risk Data API; climate85 API Minerva Intelligence Inc. announced that it has launched the first pan-Canadian API for climate risk data. climate85 API provides access to leading climate risk information forecasting for heat, humidex, precipitation and wind until the year 2100. climate85 is the first comprehensive climate risk dataset for Canada. Minerva and the climate85 team expect to expand the API data coverage outside of Canada in 2023. The climate85 climate risk datasets have been created using the foremost scientific methodologies and are based on a curated set of global climate models paired with Canadian historic climate data. The API offers 36 datasets that cover a range of climate change scenarios and time horizons. The datasets are currently available for public access on a limited basis. Commercial and bulk users can reach out to the climate85 team for more information on API licensing. Tillkännagivande • Sep 13
Minerva Intelligence Reports Driver Software Update Minerva Intelligence Inc. announced it has launched a new version of its DRIVER software. Building on a full year of industry deployment and testing, Minerva has developed enhancements to its previously released DRIVER software. The updated DRIVER software improves the integration of the machine learning-based grade directionality analysis toolkit with existing deposit frameworks. Users will now see an overhauled modular structure allowing them to rapidly compartmentalize their project into geological domains, run fully automatic domain-based grade estimations over multiple block model grids, and merge block models together to facilitate a comprehensive, deposit-scale multi-element overlap analysis. DRIVER's proprietary geostatistical algorithm has increased significantly in speed and accuracy at which it automatically finds local 3D grade trends in unprocessed drilling information under the new framework. In addition, the changes expand the potential applications of software to a wider range of mineral deposit styles at different stages of development. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CA$0.013 loss per share (vs CA$0.015 loss in 2Q 2021) Second quarter 2022 results: CA$0.013 loss per share. Revenue: CA$61.7k (down 77% from 2Q 2021). Net loss: CA$1.01m (loss widened 43% from 2Q 2021). Reported Earnings • Jun 01
First quarter 2022 earnings released: CA$0.012 loss per share (vs CA$0.01 loss in 1Q 2021) First quarter 2022 results: CA$0.012 loss per share (down from CA$0.01 loss in 1Q 2021). Revenue: CA$123.1k (down 78% from 1Q 2021). Net loss: CA$944.0k (loss widened 102% from 1Q 2021). Tillkännagivande • May 26
Minerva Intelligence Inc. Announces the Launch of Climate85 - Providing Climate Risk Information to Canadians Minerva Intelligence Inc. announced the launch of climate85. climate85 is a data and analytics platform providing access to physical climate risk information at every location in Canada., climate85 is a powerful tool to help Canadians better understand the impacts climate change is having on Its homes, businesses, infrastructure and investments. climate85 uses the most advanced scientific techniques to forecast Climate Change impacts on its natural systems and economy, providing an extensive database of spatial layers as well as analytical tools to its prospective customers. climate85 has tools and functionalities designed to assess and help to disclose physical climate risks for a wide range of clients including:, Banks and financial institutions, Real estate owners and investors (REITS), Insurers and underwriters, Physical infrastructure owners and managers, Engineers and scientists, Federal, Provincial and Municipal Government Programs, Minerva launched climate85 based on the product developments and market research the Company has completed with its Climate Risk team under the GAIA Brand. In 2020 the team completed the first ever Canadian inventory of authoritative Canadian Flood hazard data for Natural Resources Canada. Just this past year the Company was awarded a contract with Natural Resources Canada, to design a national-scale hydrographic data model for Natural Resources Canada and was awarded an innovation grant focused on climate change and hazards specific to Canada's coastline. Reported Earnings • May 01
Full year 2021 earnings released: CA$0.052 loss per share (vs CA$0.062 loss in FY 2020) Full year 2021 results: CA$0.052 loss per share. Revenue: CA$1.05m (up 208% from FY 2020). Net loss: CA$2.84m (loss widened 2.3% from FY 2020). Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). CEO & Director Scott Tillman is the most experienced director on the board, commencing their role in 2019. Independent Chairman of the Board Jason Petralia was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Feb 11
Minerva Intelligence Inc. Announces Executive Changes Minerva Intelligence Inc. announced David Poole to its Board of Directors. Mr. Poole will be replacing Clinton Smyth, who has agreed to step down from his position. As one of the initial investors and founders of Minerva Intelligence, Mr. Poole bring a wealth of artificial intelligence experience to the Company's Board of Directors. He is currently a professor at the University of British Columbia and received his PhD from the Australian National University. Executive Departure • Sep 24
Independent Chairman of the Board Alan Mackworth has left the company On the 17th of September, Alan Mackworth's tenure as Independent Chairman of the Board ended after 2.3 years in the role. As of June 2021, Alan still personally held only 100.00k shares (CA$15k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.13 years. Tillkännagivande • Sep 23
Minerva Intelligence Inc. announced that it has received CAD 4.49495 million in funding On September 21, 2021, Minerva Intelligence Inc. closed the transaction. The company has issued 29,966,332 units for gross proceed of CAD 4,494,950. The company has paid finders’ fees of CAD 205,772 in the transaction. Tillkännagivande • Aug 19
Minerva Intelligence Inc. announced that it expects to receive CAD 3 million in funding Minerva Intelligence Inc. announced a private placement of units at a price of CAD 0.15 per unit for minimum gross proceeds of CAD 1,000,000 and maximum gross proceeds of CAD 3,000,000 on August 18, 2021. Each unit to consist of one common share and one half warrant. Each full warrant exercisable at CAD 0.25 for 24 months. The Company may pay finders’ fees in accordance with the policies of the TSX Venture Exchange. Tillkännagivande • Aug 05
Minerva Intelligence Inc. Provides AI Results to Triumph Gold for the Freegold Mountain Project, Yukon Minerva Intelligence Inc. announced delivery of results of geochemical analysis for the Freegold Mountain Project, owned by Triumph Gold Corp. Minerva utilized both DRIVER, the Company’s AI software, and K-Means Cluster Analysis to undertake evaluation of multi-element drilling data in order to enhance understanding of Triumph’s Nucleus and Revenue deposit areas. Results contributed to Triumph’s understanding of the complex geology and mineralization of the Nucleus and Revenue deposits, providing valuable information with which to guide plans for the next phase of evaluation of the extensive property. Results included: At the Nucleus Deposit, DRIVER revealed new vectors to gold and copper mineralization not characterized in the current mineral resource, delivering superior exploration models and a clear path forward for resource expansion. At the Revenue Deposit, DRIVER has identified under-evaluated areas at the northeast and southern contacts of the intrusive breccia providing credible drill-ready exploration targets. In the Revenue-Nucleus Area, K-Means Cluster Analysis highlighted semi-quantitative alteration styles allowing for robust modelling and vectoring toward zones of high-grade mineralization. Minerva's DRIVER software analyzed a comprehensive database of analytical results compiled from multiple generations of drilling on the Freegold Mountain Project, then delivered multiple wireframes models and preferred orientation data for each element. Data for two primary areas of interest, the Nucleus and Revenue deposit areas, were evaluated using DRIVER. Nucleus is a focused deposit, having at least two steeply dipping dyke swarms, 1) generally east-west trending Quartz Feldspar Porphyry dykes, and 2) a northwest-southeast trending felsic dyke swarm. In addition, Leucogranite in the northern portion of the deposit area is present as southward projecting dykes and/or apophyses alternating with Schist. In the Revenue deposit area, the main areas of interest are the Blue Sky and WAu breccias within the Revenue and Blue Sky Zones, both localized within, or immediately adjacent to, an Intrusive Tuff Breccia, itself hosted by Granodiorite. Several other mineralized centres have been previously identified in the Revenue deposit area, including the Gruder Revenue West, Grainger and Keirsten zones. Key outcomes for the Nucleus Deposit were close agreement: between DRIVER results, specifically the linear optimal orientation identified for gold, and the gold probability shell developed for the Resource Estimate; and between the linear optimal orientation for gold and the spatially associated felsic dyke swarm as a dominant control on gold mineralization. The gold probability shell delineated for the Resource Estimate is more rigorously defined than comparative DRIVER volumes. Although the respective volumes vary in detail, overall outlines defined by the 0.1 g/t shell are comparable, interpreted to suggest DRIVER volumes represent a cost-effective means to determine whether subsequent, more rigorously defined Resource Estimation is warranted. Furthermore, DRIVER output can be utilized to similarly evaluate other metals as potential co- and by-products on a semi-quantitative basis. Reported Earnings • May 29
First quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.014 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CA$552.4k (up CA$499.4k from 1Q 2020). Net loss: CA$468.2k (loss narrowed 24% from 1Q 2020). Tillkännagivande • May 28
Minerva Intelligence Inc. Provides Revenue Guidance for the Year 2021 Minerva Intelligence Inc. provided revenue guidance for the year 2021. The company expects continued strong revenue growth on a year-over-year basis for the foreseeable future that will result in a record performance this year, which bodes well for the future as adoption continues to grow. Reported Earnings • Apr 26
Full year 2020 earnings released: CA$0.062 loss per share (vs CA$0.098 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$340.6k (up 85% from FY 2019). Net loss: CA$2.77m (loss narrowed 32% from FY 2019). Executive Departure • Apr 04
Independent Non Executive Director has left the company On the 1st of April, Kevin Thomas' tenure as Independent Non Executive Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Kevin's name. A total of 2 executives have left over the last 12 months. Tillkännagivande • Apr 03
Minerva Intelligence Inc. announced that it has received CAD 0.18 million in funding On April 1, 2021, Minerva Intelligence Inc. (TSXV:MVAI) closed the transaction. The transaction also included participation from Chief Executive Officer Scott Tillman. Jason Petralia and Scott Tillman subscribed for significant units of the transaction. As part of the transaction, Jason Petralia joined the board of directors of the company. Is New 90 Day High Low • Feb 20
New 90-day high: CA$0.40 The company is up 264% from its price of CA$0.11 on 20 November 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 27% over the same period. Tillkännagivande • Feb 18
Minerva Intelligence Announces Appointment of Jason Petralia as Advisor Minerva Intelligence Inc. announced the appointment of Jason Petralia, tech entrepreneur, as Advisor to the company. Jason will spearhead a new initiative aimed at leveraging the cognitive AI-powered reasoning tools Minerva is known for. Minerva CEO Scott Tillman is thrilled to have Mr. Petralia on the team. Is New 90 Day High Low • Jan 29
New 90-day high: CA$0.22 The company is up 76% from its price of CA$0.13 on 30 October 2020. The Canadian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 43% over the same period. Tillkännagivande • Jan 20
Minerva Intelligence Inc. announced that it expects to receive CAD 0.145005 million in funding Minerva Intelligence Inc. (TSXV:MVAI) announced a non-brokered private placement of 966,700 units at an issue price of CAD 0.15 per unit for gross proceeds of CAD 145,005 on January 19, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable at a price of CAD 0.20 per share for a period of 24 months from the closing date. The transaction will include participation from certain employees and the entire management and board of directors of the company. All securities to be issued pursuant to the transaction are subject to statutory hold period of a four-month in accordance with applicable securities legislation. The transaction is subject to TSX Venture Exchange final approval. Tillkännagivande • Nov 24
Freeport Resources Inc. to Apply Minerva Intelligence Inc. Software Platform for Data Analysis at Star Mountains Freeport Resources Inc. has signed a contract with Minerva Intelligence Inc. for DRIVER, Minerva's cutting-edge AI software for evaluation of multi-element drilling data. Freeport recently acquired Quidum Resources which, through its wholly owned subsidiary Highlands Paci?c Resources Ltd., controls the Star Mountains project in Papua New Guinea. Freeport will be applying Minerva's technology to the Star Mountains project in order to enhance its next phases of surface and sub-surface exploration of the extensive property, which is located close to the Ok Tedi mine. DRIVER delivers these insights by evaluating all the elements typically returned by modern laboratories, not simply the elements of direct economic interest. The work this requires is too time-consuming and complicated to be carried out by project geologists. Minerva's cognitive reasoning platform then compares the identified geochemical exploration vectors to its database of hundreds of past and present mines around the world and identifies those most similar to the explored target using the Company's proprietary AI technology. The resulting similarity rankings can then provide reliable, explainable models upon which geologists can build their exploration strategies. The data analysis will involve three studies, the first two being 3D studies focused on the drilling results from the Olgal deposit where there is a current inferred resource, using a 0.3% copper cut-off grade, of 210 million tonnes grading 0.4% copper and 0.4 g/t gold, for 2.9 million ounces of contained gold and 1.9 billion pounds (840,000 tonnes) of contained copper. Using current prices for gold and copper, this is equivalent to approximately 5.7 million ounces of gold or 3.8 billion pounds (1,680,000 tonnes) of copper. The third study will be a combined 2D and 3D analysis of data collected from the remainder of the Star Mountains claims. All of these studies will be integrated with interpretation of available airborne geophysics data. The first 3D study will be a geochemical cluster analysis to identify the lithogeochemical characteristics of the logged drill holes to use as a comparison against the interpreted logging, and for comparison with the lithogeochemistry of drilling results for other Star targets. The second 3D study will involve the use of Minerva's DRIVER software to examine multi-element zonation patterns throughout the Olgal dataset. The third study will apply Minerva's SOLACE workflow to a combination of the surface and drilling data available for the rest of the Star Mountains claims for incorporation into Minerva's Target target generation system. Tillkännagivande • Nov 11
Minerva Intelligence Inc., Annual General Meeting, Dec 03, 2020 Minerva Intelligence Inc., Annual General Meeting, Dec 03, 2020, at 11:00 Pacific Standard Time. Location: Boardroom of Owen Bird Law Corporation, 29 th Floor, 595 Burrard Street, Vancouver British Columbia Canada Agenda: To receive the audited financial statements for the financial year ended December 31, 2019 together with the auditor's report thereon; to re-appoint Baker Tilly WM LLP, Chartered Professional Accountants, as auditors of the company for the upcoming year and to authorize the directors to fix the auditor's remuneration; to elect directors for the upcoming year; to approve by ordinary resolution the renewal of the Company's 10% rolling stock option plan, as more particularly set out in the accompanying Information Circular; to consider and, if deemed advisable, to pass an ordinary resolution authorizing the Company to amend the exercise price of stock options previously granted to certain insiders of the Company; and to transact such other business as may be brought before the Meeting. Tillkännagivande • Oct 01
Minerva Intelligence Inc. Announces Signing of a Contract with Canadian Intermediate Mining Company Minerva Intelligence Inc. announced the signing of a contract with a Canadian intermediate mining company. The new contract is for Minerva's new DRIVER product, which provides deep insights into previously untapped geometallurgical data. Minerva can deliver such insights by using their DRIVER software to identify multi-element zones in drilling data which are too time consuming and complicated to identify by conventional means. DRIVER then can associate these zones with relevant lithologies and structures and express this knowledge of identified exploration vectors extracted from the client's exploration data in a form that enables computer reasoning. Minerva's cognitive reasoning platform then extends its AI work by comparing the identified vectors to hundreds of past and present mines throughout the world, short-listing those most similar to the client's targets, which can then serve as reliable, explainable models upon which geologists can build their drilling strategies. 
