Board Change • May 20
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, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). CEO & Director Franz Kozich-Koschitzky is the most experienced director on the board, commencing their role in 2005. Independent Director Peter Lukesch was the last independent director to join the board, commencing their role in 2023. 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 • Dec 29
Richmond Minerals Inc., Annual General Meeting, Mar 04, 2026 Richmond Minerals Inc., Annual General Meeting, Mar 04, 2026. Tillkännagivande • Oct 25
Richmond Minerals Inc., Annual General Meeting, Dec 23, 2024 Richmond Minerals Inc., Annual General Meeting, Dec 23, 2024. New Risk • Oct 02
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$455k 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$455k free cash flow). Share price has been highly volatile over the past 3 months (66% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€728.0k market cap, or US$805.8k). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Mar 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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 (67% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€985.9k market cap, or US$1.07m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Tillkännagivande • Mar 20
Richmond Minerals Inc. announced that it has received CAD 0.34 million in funding from KNP Group Inc and other investors On March 20, 2024, Richmond Minerals Inc. closed the transaction. The company issued 6,800,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 340,000. The transaction included participation from new investor, KNP Group Inc. acquiring 4,000,000 common shares, representing approximately 11% of the issued and outstanding shares of the company and other investors. New Risk • Mar 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$288k 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$288k free cash flow). Share price has been highly volatile over the past 3 months (67% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€769.5k market cap, or US$834.4k). Tillkännagivande • Feb 10
Richmond Minerals Inc. announced that it expects to receive CAD 0.34 million in funding Richmond Minerals Inc. announced a non-brokered private placement of 6,800,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 340,000 on February 9, 2024. The transaction is subject to the approval of the TSX Venture Exchange. Tillkännagivande • Feb 09
Richmond Minerals Inc. Provides an Update for Exploration Work At the Ridley Lake Gold Project Richmond Minerals Inc. provided an update for exploration work at the Company’s Ridley Lake Gold Project (the “Property”) located in the west central area of the Swayze Greenstone belt approximately 35 kilometres east of Newmont's Borden Gold Project. As reported in 2015 and 2016 IP and Magnetic surveys were successful in identifying well-defined geophysical anomalies characterized by high chargeability and resistivity with prominent coincidental magnetic anomalies (the “Aguara East anomalies”), having a northeast orientation and a strike length in excess of 825 metres. Modelling of the data obtained from the July 2015 and November 2016 combined surveys identified multiple targets at vertical depths down to the IP survey limit of approximately 200 metres. Drill testing of these IP/Mag targets in the Aguarra Zone in 2017 and 2020 yielded drill intersections hi-lighted by 18.3 g/t gold over 3 m in hole RS-20-33 (from 329m to 332m) and 0.33 g/t gold over 136 m in hole RS-17-30. In December 2023 the Company completed 17.15 km of Spectral Induced Polarization (IP)/Resistivity (dipole-dipole, a=50 m, n= 1 to 6) and Magnetic surveys (the "Survey") to test for anomalous responses at the Cyril Knight Zone located approximately 800 m due north of the Aguara Zone. Overall the IP/Resistivity Survey of the CK Grid resulted in unusual discoveries. The contour map apparent chargeability (mV/V), derived from the of the combined data of the CK, Agaura East and, Agaura West Grids, show two, markedly different apparent chargeability regimes. The southern Regime IP-A, that covers the Agaura East and Agaura West grids is characterized by northwest striking, discrete, well defined IP anomalous trends, as opposed to the northern Cyril Knight Zone Regime IP-B where the anomalous responses are broad and continuous along almost entire survey lines. Specifically seven IP anomalous horizons were identified within the IP-B regime. The trends are sub-parallel and confirm with the northeast trending geology. The Trends are identified Trends RW-1, RW-4, RW-5, RIP-6 and the discontinuous RW-7. The significant trend is RW-1, and may form the westerly continuation of the of Trend RIP-1A of the Aguara East Grid and is centered about the Cyril Knight Grid base line 0 extending to L600W located between Lines 75W and 150W. The trend is associated with apparent resistivities exciding 10,000 ohm-m and is suggestive of possible strong alteration within this area of the Property. The prominent apparent chargeability anomalous trend identified as RW-5 extends from L225W to L750W and is found within the northern area of the grid, and may represent the extension of Trend RIP-5 of the Aguara East Grid. RW-5 is characterized by apparent resistivities of 1,000 ohm-m or lower. Further west of L750W the signatures become complex and imply the depth of these wide source(s) may be 100 m or greater. Trend RW-6 consists of anomalous IP responses that were observed at dipole separations n=8 and n=9, and are indicative of deeper sources. The associated resistivities here exceed 10,000 ohm-m and may also be associated with strong alteration. It is noted the wide anomalous IP responses with larger dipole separations (n=7, 8 and 9) at L900W may be in part of the northwesterly extension of RW-6. Trend RW-7 is detected intermittently at larger dipole separations indicating greater depths to the sources. The trend is located between Trend RW-5 in the north and RW-1 on the south and is well defined along Lines 525W 375W and 300W. Significantly, the associated apparent resistivities are more than 10,000 ohm-m. Company management believe this trend is very promising and worthy of follow-up drill testing. Trend RW-4 is noted in pseudo-sections from L75W to L375W. It is characterized by apparent chargeabilities exceeding 10 mV/V. RW-4 is the westerly extension of RIP-6 of the East grid. A formational source is suspected and is of no further interest for the time being. Multiple drill hole collar locations have been recommended for follow-up testing of these new targets and plans are underway for the resumption of drilling in the late winter and early spring of 2024. Tillkännagivande • Jul 18
Richmond Minerals Inc., Annual General Meeting, Sep 25, 2023 Richmond Minerals Inc., Annual General Meeting, Sep 25, 2023. Tillkännagivande • Jul 12
Richmond Minerals Inc. (TSXV:RMD) acquired Nine mineral exploration claims in the Rollo Township area of north central Ontario for CAD 0.00 million. Richmond Minerals Inc. (TSXV:RMD) acquired Nine mineral exploration claims in the Rollo Township area of north central Ontario for CAD 0.00 million on July 10, 2023. As part of the consideration, 0.15 million of treasury shares were issued to the vendors which is subject to 4 month hold period.Richmond Minerals Inc. (TSXV:RMD) completed the acquisition of Nine mineral exploration claims in the Rollo Township area of north central Ontario on July 10, 2023. Tillkännagivande • Jun 22
European Lithium Limited (ASX:EUR) Completed the acquisition of Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD). European Lithium Limited (ASX:EUR) executed a binding Heads of Agreement to acquire Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD) for AUD 0.376 million on March 27, 2023. European Lithium will pay or issue AUD 0.25 million in cash, 2 million fully paid ordinary shares in European Lithium and 2 million unlisted options (AUD 0.12 each which expire 3 years from the date of issue) to be issued. The Completion of the Acquisition is conditional upon: Completion of due diligence within 3 months unless mutually agreed otherwise, The parties obtaining all necessary shareholder, regulatory and third party approvals required to complete the Acquisition, European Lithium incorporating a new Austrian entity, and Other conditions considered customary for a transaction of this nature. The transaction is subject to satisfaction or waiver of the conditions precedent, settlement is expected to occur on or before July 7, 2023.
European Lithium Limited (ASX:EUR) Completed the acquisition of Austrian Lithium Projects from Richmond Minerals Inc. (TSXV:RMD) on June 21, 2023.Transaction was completed after a completion of satisfactory Due Diligence process. Board Change • Apr 02
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. 5 highly experienced directors. Director Thomas Brunner was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 