New Risk • May 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% 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. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$2.4k revenue, or US$1.7k). Minor Risk Market cap is less than US$100m (AU$101.6m market cap, or US$72.6m). Duyuru • Apr 29
Oceana Metals Limited (ASX:OCN) agreed to acquire Songeo Mineração S/A from JBS Administração Assessoria e Empreendimentos S/A., Songeo Sondagens e Geologia Ltda., TSS Administração e Participações Ltda. and others for $10.3 million. Oceana Metals Limited (ASX:OCN) agreed to acquire Songeo Mineração S/A from JBS Administração Assessoria e Empreendimentos S/A., Songeo Sondagens e Geologia Ltda., TSS Administração e Participações Ltda. and others for $10.3 million on April 28, 2026. A cash consideration of $2.95 million will be paid by Oceana Metals Limited. The consideration consists of 20 million common equity of Oceana Metals Limited to be issued for common equity of Songeo Mineração S/A. Oceana Metals Limited will pay an earnout/contingent payment of $2.25 million cash. As part of consideration, $5.2 million is paid towards common equity of Songeo Mineração S/A.
The transaction is subject to approval of offer by acquirer shareholders, approval by regulatory board / committee and consummation of due diligence investigation.
Experienced REE geologist and mining executive Hamish Halliday has joined the Board as a Non Executive Director, Russell Curtin has been appointed as Non-Executive Chair and Directors Martin
Helean and Sam Brooks have resigned. Brazilian corporate lawyer and mining executive Rodrigo Roso will also join the Board as a non-executive director on completion of the Acquisition. Alexandra Hughes has joined Maddison Cramer as Joint Company Secretary, effective immediately. Board Change • Apr 28
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. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Chairman Martin Helean is the most experienced director on the board, commencing their role in 2025. Independent Non-Executive Director Sam Brooks was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Apr 28
Oceana Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 20 million. Oceana Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,450,591
Price\Range: AUD 0.36
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,577,186
Price\Range: AUD 0.36
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,527,778
Price\Range: AUD 0.36
Transaction Features: Subsequent Direct Listing Duyuru • Oct 10
Oceana Lithium Limited, Annual General Meeting, Nov 13, 2025 Oceana Lithium Limited, Annual General Meeting, Nov 13, 2025. Location: level 2, 8 richardson street, wa 6005, west perth Australia Duyuru • Aug 16
Oceana Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 0.667 million. Oceana Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 0.667 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 469,565
Price\Range: AUD 0.023
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,530,435
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00138
Transaction Features: Subsequent Direct Listing Duyuru • May 21
Oceana Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6778 million. Oceana Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6778 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 469,565
Price\Range: AUD 0.023
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,000,000
Price\Range: AUD 0.023
Discount Per Security: AUD 0.00138
Transaction Features: Subsequent Direct Listing New Risk • Jan 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% 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 (67% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.99m market cap, or US$2.48m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Duyuru • Nov 13
Oceana Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 1.209971 million. Oceana Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 1.209971 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,998,667
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Transaction Features: Rights Offering New Risk • Oct 01
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 Revenue is less than US$1m (AU$4.7k revenue, or US$3.3k). Market cap is less than US$10m (AU$2.56m market cap, or US$1.77m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Duyuru • Sep 18
Oceana Lithium Limited, Annual General Meeting, Nov 21, 2024 Oceana Lithium Limited, Annual General Meeting, Nov 21, 2024. Duyuru • Jul 31
Oceana Lithium Limited Announces Resignation of Caue Araujo as Chief Executive Officer, Effective 10 September 2024 Oceana Lithium Limited announced that Mr. Caue Araujo has tendered his resignation as Chief Executive Officer of the Company to pursue other opportunities. Mr. Araujo will remain in his role until 10 September 2024 and will continue to assist the Company with its ongoing operations during this period. Mr. Araujo's duties will be assumed, in the near term, by the Company's Chairman, Dr. Qingtao Zeng, the rest of the technical team, and the Board of directors. Duyuru • Feb 14
Oceana Lithium Announces Changes to Board Oceana Lithium announced that Non-Executive Chairman Jerome Vitale and Non-Executive Director Simon Mottram have resigned as directors with immediate effect to focus on their other business commitments. The Board has appointed Oceana's company secretary, Mr. Daniel Smith, as a Non-Executive Director, as well as Mr. Chen Chik (Nicholas) Ong. With Mr. Vitale's departure, Mr. Zeng will assume the role of Non-Executive Chairman.Mr Ong brings 19 years' experience in IPO, listing rules compliance and corporate governance. He is experienced in mining project finance, mining and milling contract negotiations, mine CAPEX & OPEX management, and toll treatment gold reconciliation. Nicholas is a Fellow of the Governance Institute of Australia and holds a Bachelor of Commerce and a Master of Business Administration from the University of Western Australia. Nicholasis currently a director and/or company secretary of several ASX listed companies. The Board thanks both Mr. Vitale and Mr. Mottram for their contribution and valuable insights since the Company's IPO in July 2022 and wishes them well for the future. As announced 6 February 2024, the Company has identified a number of highpriority drill targets at the Company's 100% owned, Solonópole lithium project in Brazil. In response to current market conditions for junior exploration companies, the Board will evaluate a number of potential cost-cutting measures, including the reduction of corporate overheads, to maximise exploration expenditure atSolonópole. The Company ended the December 2023 quarter with approximately $3.3 million in cash and no debt. New Risk • Nov 17
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 Australian stocks, typically moving 19% 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 (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.7m market cap, or US$9.49m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Oct 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.0m (US$8.31m) 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 (-AU$3.0m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.0m market cap, or US$8.31m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Oct 05
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). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$17.9m market cap, or US$11.3m). New Risk • Sep 30
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$3.0m This is considered a minor 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 Risk Revenue is less than US$1m (AU$37k revenue, or US$24k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$3.0m). Less than 3 years of financial data is available. Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$18.3m market cap, or US$11.8m). Duyuru • Sep 23
Oceana Lithium Limited, Annual General Meeting, Nov 28, 2023 Oceana Lithium Limited, Annual General Meeting, Nov 28, 2023, at 11:00 W. Australia Standard Time. Location: 197 St Georges Terrace Perth Western Australia Australia Duyuru • Sep 13
Oceana Lithium Limited Announces Appointment of Caue Araujo as Chief Executive Officer Oceana Lithium Limited announced that appointment of Mr. Caue Araujo as Chief Executive Officer, effective from 11 September 2023. Caue is a qualified Australian-Brazilian geologist and an experienced mining industry professional. Following his early training with Vale in Brazil his subsequent roles have included General Manager of SRK Consulting Brazil, Regional Director of Investment and Business Planning at Hatch for Australia and Asia and more recently Global General Manager - Mine Finance with mining industry advisory group Palaris Australia. He has a strong aptitude for the technical and economic evaluation of mineral resource projects, having been involved in the development of numerous projects during his career working with finance providers and equity investors including emerging lithium miners and mine gate concentrate producers. Caue is a member of the Australasian Institute of Mining & Metallurgy, the Australian Institute of Company Directors and has an MBA (Project Management, Business and Finance) from Ibmec University, Brazil. Through his diverse experience, Caue has refined his abilities to lead and manage multi-disciplinary teams. He is well acquainted with the key chemical companies, battery producers and EV manufacturers' supply chain and their requirements to secure environmentally responsible long-term sources of lithium supply. Duyuru • Sep 01
Oceana Lithium Limited, Annual General Meeting, Oct 03, 2023 Oceana Lithium Limited, Annual General Meeting, Oct 03, 2023, at 10:00 West Asia Standard Time. Location: level 8, 99 St Georges Terrace Perth, Perth Western Australia Australia Agenda: To consider the ratification of prior issue of shares under the monaro option; to consider ratification of prior issue of shares under the placement; to consider approval to issue attaching options under the placement; to consider the approval of issue placement options - westar capital limited; to consider ratification of prior issue of shares for the solonópole exploration permits; to consider issue of options to director jerome (gino) vitale; to consider the approval of issue securities under the oceana incentive plan ; to consider approval of increase limit under the oceana incentive plan. New Risk • Jun 24
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 Australian stocks, typically moving 12% 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 Risk Revenue is less than US$1m (AU$18k revenue, or US$12k). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$23.8m market cap, or US$15.9m). Duyuru • May 05
Oceana Lithium Limited (ASX:OCN) has exercised its option to acquire N Green lithium exploration permits. Oceana Lithium Limited (ASX:OCN) has exercised its option to acquire N Green lithium exploration permits AUD 0.686 million on May 4, 2023. The transaction consideration is AUD 150,000 cash and 1.6m ordinary shares in Oceana, to be voluntarily escrowed for 12 months, and a further AUD 50,000 cash and 600,000 Oceana shares subject to reaching a JORC resource milestone. Duyuru • Sep 28
Oceana Lithium Limited, Annual General Meeting, Nov 24, 2022 Oceana Lithium Limited, Annual General Meeting, Nov 24, 2022. Agenda: To consider re-election and appointment of directors. Duyuru • Sep 07
Oceana Lithium Limited to Commence Hyperspectral Survey at Napperby Lithium Project Oceana Lithium Limited announced that it has engaged HyVista Corporation to conduct a hyperspectral survey at its Napperby Lithium Project in the highly prospective North Arunta Pegmatite district in the Northern Territory. HyVista has over 20 years of operational experience in conducting airborne surveys for the mineral exploration sector and is regarded as the premier global airborne hyperspectral service provider for large area surveys. The Napperby survey will be the largest airborne hyperspectral lithium survey conducted in the NT to date. It is a part of a major regional program to map over 8,500 km² of highly prospective pegmatite tenements within the North Arunta region funded by active lithium explorers in the region. The survey will provide high quality digitally calibrated surface imagery for the Company's recently granted exploration licence EL32836, which shares its southern boundary with Rio Tinto Exploration's application for EL33135, and for Oceana's ELA32841 under application. HyVista employs its high-end signal-to-noise commercial airborne hyperspectral sensor, the "HyMap" sensor, which is used to map extremely faint mineral signatures precisely and accurately at the earth's surface. Minerals generally form in narrow ranges of temperature, pressure and pH, so accurate surface mapping can provide vectors to the most likely locations of ore-bearing minerals. Compared to satellite data, airborne HyMap data is designed to provide vastly superior spatial andspectral resolution in a cost-effective manner to accelerate field targeting on the ground. The survey imaging technology uses more than 128 bands across selected reflective solar wavelengths to produce data that is capable of identifying surface mineralogy and alteration mapping and vectoring that can be applied to targeted minerals including lithium-bearing mineralisation such as spodumene and lepidolite. The survey and subsequent interpretation are expected to take 10-12 weeks to complete. Duyuru • Aug 08
Oceana Lithium Limited Announces Commencement of Exploration Field Work At Its Solonopole Project in Ceara State, North-Eastern Brazil Oceana Lithium Limited announced commencement of exploration field work at its Solonopole project in Ceara State, north-eastern Brazil. The initial focus will be on the highly prospective Lapinha Zone in the southern part of the tenure currently held by Oceana to follow up high grade lithium surface samples taken by previous owner. A review of the historic mapping and geochemical analysis of samples of the mineralised LCT (lithium-caesium-tantalum) pegmatites within the Lapinha Zone conducted by Oceana has found some exceptional high-grade lithium oxide (Li2O) and tantalum pentoxide (Ta2O5) results. The outcropping pegmatites that have been historically targeted by artisanal miners. Samples from the Zilcar and the Lapinha 2 prospects recovered from field work conducted by a previous explorer in 2017-2018 that were never followed up returned values of up to 9.29% Li2O and up to 4,311 ppm Ta2O5 respectively. The upcoming field work will guide drill target ranking for the maiden drilling campaign later in the year. Oceana has acquired a regional exploration database for the Solonopole project area from a previous mineral explorer. The data is currently being reviewed and integrated into the Company's database and is expected to aid the drill targeting process. Duyuru • Jul 02
Oceana Lithium Limited Announces Board Changes Oceana Lithium Limited appoints Jerome (Gino) Vitale as director effective 18 October 2021. Duyuru • Jun 30
Oceana Lithium Limited has completed an IPO in the amount of AUD 6 million. Oceana Lithium Limited has completed an IPO in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2 