Board Change • May 21
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. 3 non-independent directors. Non-Executive Director Danielle Kelly was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 18
Manhattan Gold Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Manhattan Gold Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 97,166,667
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00144
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,833,333
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00144
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 07
Manhattan Corporation Limited, Annual General Meeting, Nov 28, 2025 Manhattan Corporation Limited, Annual General Meeting, Nov 28, 2025. Tillkännagivande • Aug 06
Manhattan Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.229494 million. Manhattan Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.229494 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 111,474,724
Price\Range: AUD 0.02
Discount Per Security: AUD 0.001
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 29
Manhattan Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 2.229494 million. Manhattan Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 2.229494 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 111,474,724
Price\Range: AUD 0.02
Discount Per Security: AUD 0.001
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 24
Manhattan Corporation Limited (ASX:MHC) completed the acquisition of Hook Lake Project from Vivien Enterprises Pte Ltd. Manhattan Corporation Limited (ASX:MHC) signed a binding agreement to acquire Hook Lake Project from Vivien Enterprises Pte Ltd. for AUD 6.1 million on May 12, 2025. The consideration consists AUD 0.19 million cash, issuance of 200 million shares, and issuance of 150 million performance rights. Additionally, Manhattan Corporation Limited (ASX: MHC) will issue 2% net smelter royalty for this transaction. Upon completion, Gavin Rezos will join the Board of Manhattan as a non-executive Director and Eric Sondergaard as Technical Advisor.
The transaction is subject to approval of offer by Manhattan shareholders. The expected completion of the transaction is August 2025. Manhattan has engaged BDO Corporate Finance Pty Limited to prepare an independent expert’s report regarding the transaction.
Manhattan Corporation Limited (ASX:MHC) completed the acquisition of Hook Lake Project from Vivien Enterprises Pte Ltd. for on July 24, 2025. Tillkännagivande • Nov 30
Manhattan Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million. Manhattan Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing New Risk • Nov 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 (54% average weekly change). Earnings have declined by 3.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€5.44m market cap, or US$5.91m). Tillkännagivande • Oct 30
Manhattan Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 0.2 million. Manhattan Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing New Risk • Oct 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 (53% average weekly change). Earnings have declined by 3.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€5.57m market cap, or US$6.01m). New Risk • Oct 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% 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 (51% average weekly change). Earnings have declined by 3.9% per year over the past 5 years. Revenue is less than US$1m (AU$38k revenue, or US$26k). Market cap is less than US$10m (€3.83m market cap, or US$4.21m). Minor Risk Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Tillkännagivande • Oct 02
Manhattan Corporation Limited, Annual General Meeting, Nov 27, 2024 Manhattan Corporation Limited, Annual General Meeting, Nov 27, 2024. New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (44% average weekly change). Earnings have declined by 3.9% per year over the past 5 years. Revenue is less than US$1m (AU$38k revenue, or US$26k). Market cap is less than US$10m (€2.74m market cap, or US$3.03m). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 (44% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€2.72m market cap, or US$3.04m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Tillkännagivande • Jun 28
Manhattan Corporation Limited Announces Resignation of Paul Smith as General Manager Canada Manhattan Corporation Limited announced that Mr. Paul Smith will be leaving the Company as General Manager Canada, effective 30 June 2024. This decision follows a recent internal review of the Chebogue Lithium Project operations, whereby the Board continues to identify cost-cutting initiatives for improvement as it progresses the Project. New Risk • Mar 13
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: -AU$3.0m 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 (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (66% average weekly change). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m (AU$18k revenue, or US$12k). Market cap is less than US$10m (€4.44m market cap, or US$4.86m). New Risk • Oct 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.90m (US$9.44m) 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 Share price has been highly volatile over the past 3 months (31% average weekly change). Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€8.90m market cap, or US$9.44m). Tillkännagivande • Oct 06
Manhattan Corporation Limited, Annual General Meeting, Nov 28, 2023 Manhattan Corporation Limited, Annual General Meeting, Nov 28, 2023. Agenda: To consider election of Directors. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€12.5m market cap, or US$13.3m). Board Change • Nov 16
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 John Andrew Seton was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 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 John Andrew Seton was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 