New Risk • May 26
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 German stocks, typically moving 11% 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 16% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$7.6k). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (€443k sold). Market cap is less than US$100m (€27.4m market cap, or US$31.9m). Reported Earnings • Mar 04
First half 2026 earnings released: EPS: AU$0 (vs AU$0 in 1H 2025) First half 2026 results: EPS: AU$0 (in line with 1H 2025). Net loss: AU$1.11m (loss widened 141% from 1H 2025). Tillkännagivande • Nov 27
Eclipse Metals Limited, Annual General Meeting, Nov 27, 2025 Eclipse Metals Limited, Annual General Meeting, Nov 27, 2025. Board Change • Nov 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 13
Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,333,334
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Oct 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 04
Full year 2025 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2024) Full year 2025 results: EPS: AU$0 (improved from AU$0.001 loss in FY 2024). Net loss: AU$1.03m (loss narrowed 21% from FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Sep 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$5.8k revenue, or US$3.8k). Minor Risk Market cap is less than US$100m (€26.7m market cap, or US$31.4m). Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 10
Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Eclipse Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 18
First half 2025 earnings released: EPS: AU$0 (vs AU$0 in 1H 2024) First half 2025 results: EPS: AU$0 (in line with 1H 2024). Net loss: AU$460.2k (loss narrowed 53% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Board Change • Feb 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Ibrar Idrees was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 31
High number of new directors Non-Executive Director Alf Gillman was the last director to join the board, commencing their role in 2025. Tillkännagivande • Jan 28
Eclipse Metals Ltd Announces Retirement of Rodney Dale as Director, Effective 31 January 2025 Eclipse Metals Ltd. announced that Mr. Rodney Dale has retired from active service and has resigned as a director of the company, effective 31 January 2025. Mr. Dale's contribution and experience over the last 12 years has been invaluable to the growth and development of the company. Tillkännagivande • Jan 07
Eclipse Metals Limited Appoints Alfred Gillman as Non-Executive Director On January 7, 2025, Eclipse Metals Ltd. announced that Mr. Alfred Gillman has been appointed Non-executive Director of the Company. Mr. Gillman has over 40 years' experience specialising in exploration, mineral asset valuation and resource estimation with an extensive knowledge of gold, base metal, diamonds, rare earths, battery minerals and uranium deposits around the world with a proven track record of exploration success and project development. Mr. Gillman graduated with Honours from the University of Western Australia. He is a Fellow and Chartered Professional (Geology) of the Australasian Institute of Mining and Metallurgy (AusIMM) and is recognized as a Competent Person (JORC 2012) and a Qualified Professional (NI43-101). Throughout his career, Mr. Gillman has held senior management roles and directorships in publicly listed companies. He has led exploration and development teams at several major international firms and played a pivotal role in feasibility studies and project acquisitions. Since 2008, Mr. Gillman has consulted for the resources industry, accumulating extensive experience across Australia, the United States, Canada, Africa, Europe, Turkey, Central Asia, South America, Southeast Asia, China, and Russia. Tillkännagivande • Dec 12
Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.143928 million. Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.143928 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 571,963,881
Price\Range: AUD 0.002
Transaction Features: Rights Offering Tillkännagivande • Oct 01
Eclipse Metals Limited, Annual General Meeting, Nov 12, 2024 Eclipse Metals Limited, Annual General Meeting, Nov 12, 2024. Board Change • Jun 07
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 Non-Executive Director Ibrar Idrees was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 15
Eclipse Metals Limited Announces Company Secretary Changes Eclipse Metals Limited announced that Mr. Matthew Foy has resigned as Company Secretary. The company has appointed Mr. Sebastian Andre as Company Secretary who is a Chartered Secretary with over 14 years' experience in corporate advisory, governance, compliance, and risk services. He holds qualifications in accounting, finance and corporate governance and is a member of the Governance Institute of Australia. Tillkännagivande • Nov 25
Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.15 million. Eclipse Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,750,000
Price\Range: AUD 0.008
Transaction Features: Subsequent Direct Listing Tillkännagivande • Sep 11
Eclipse Metals Limited, Annual General Meeting, Nov 08, 2023 Eclipse Metals Limited, Annual General Meeting, Nov 08, 2023. Reported Earnings • Mar 17
First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022) First half 2023 results: EPS: AU$0 (in line with 1H 2022). Net loss: AU$762.8k (loss widened 25% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings. Reported Earnings • Sep 24
Full year 2022 earnings released Full year 2022 results: Net loss: AU$1.32m (loss widened 110% from FY 2021). Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0 (vs AU$0 in 1H 2021). Net loss: AU$608.4k (loss widened 293% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. 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. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Ibrar Idrees was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Jun 02
Independent Non-Executive Director has left the company On the 31st of May, Pedro Kastellorizos' tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Pedro's name. Pedro is the only executive to leave the company over the last 12 months. Reported Earnings • Sep 29
Full year earnings released - €0.0003 loss per share Over the last 12 months the company has reported total losses of AU$319.1k, largely unchanged from the prior year. 
