Reported Earnings • Feb 25
Third quarter 2026 earnings released: EPS: CA$0.075 (vs CA$0.001 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.075 (up from CA$0.001 in 3Q 2025). Net income: CA$134.0k (up CA$133.0k from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$2.43, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 17x in the Oil and Gas industry in Canada. Total loss to shareholders of 6.5% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CA$2.90, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 15x in the Oil and Gas industry in Canada. Total returns to shareholders of 11% over the past three years. Reported Earnings • Nov 19
Second quarter 2026 earnings released: CA$0.055 loss per share (vs CA$0.011 loss in 2Q 2025) Second quarter 2026 results: CA$0.055 loss per share (further deteriorated from CA$0.011 loss in 2Q 2025). Net loss: CA$97.7k (loss widened 393% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CA$2.94, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 13x in the Oil and Gas industry in Canada. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 22
First quarter 2026 earnings released: CA$0.017 loss per share (vs CA$0.04 loss in 1Q 2025) First quarter 2026 results: CA$0.017 loss per share (improved from CA$0.04 loss in 1Q 2025). Net loss: CA$29.4k (loss narrowed 59% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Jul 30
Metalore Resources Limited, Annual General Meeting, Sep 27, 2025 Metalore Resources Limited, Annual General Meeting, Sep 27, 2025. Location: ontario, simcoe Canada Board Change • Jul 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Timothy Cronkwright 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 • Jul 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Timothy Cronkwright 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. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: CA$0.62 (vs CA$0.48 loss in FY 2024) Full year 2025 results: EPS: CA$0.62 (up from CA$0.48 loss in FY 2024). Net income: CA$1.09m (up CA$1.96m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • May 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Timothy Cronkwright 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 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Timothy Cronkwright 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 • Mar 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Timothy Cronkwright 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 • Feb 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Timothy Cronkwright 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 • Jan 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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 19
Metalore Resources Limited Announces Resignation of Donald William Bryson as Director, Effective January 31, 2025 Metalore Resources Limited announced that Donald William Bryson has submitted his resignation as Director of the Company, effective January 31, 2025. Mr. Bryson has served as Director since 2017. Board Change • Dec 11
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 19
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 26
First quarter 2025 earnings released: CA$0.04 loss per share (vs CA$0.029 loss in 1Q 2024) First quarter 2025 results: CA$0.04 loss per share (further deteriorated from CA$0.029 loss in 1Q 2024). Net loss: CA$70.9k (loss widened 40% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Jul 24
Metalore Resources Limited, Annual General Meeting, Sep 28, 2024 Metalore Resources Limited, Annual General Meeting, Sep 28, 2024. Location: ontario, simcoe Canada Board Change • Jul 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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 28
Full year 2024 earnings released: CA$0.48 loss per share (vs CA$0.99 loss in FY 2023) Full year 2024 results: CA$0.48 loss per share (improved from CA$0.99 loss in FY 2023). Net loss: CA$860.6k (loss narrowed 51% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • May 13
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 17
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 12
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: CA$0.021 (vs CA$0.049 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.021 (down from CA$0.049 in 3Q 2023). Net income: CA$37.1k (down 57% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Board Change • Jan 22
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 17
Second quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.059 profit in 2Q 2023) Second quarter 2024 results: CA$0.011 loss per share (down from CA$0.059 profit in 2Q 2023). Net loss: CA$19.4k (down 118% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Aug 25
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 29
Metalore Resources Limited, Annual General Meeting, Sep 30, 2023 Metalore Resources Limited, Annual General Meeting, Sep 30, 2023. New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings have declined by 0.7% 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 Shares are highly illiquid. Earnings have declined by 0.7% per year over the past 5 years. Revenue is less than US$1m (CA$832k revenue, or US$630k). Market cap is less than US$10m (CA$4.44m market cap, or US$3.36m). Reported Earnings • Jul 21
Full year 2023 earnings released: CA$0.99 loss per share (vs CA$0.99 profit in FY 2022) Full year 2023 results: CA$0.99 loss per share (down from CA$0.99 profit in FY 2022). Revenue: CA$1.00m (up 32% from FY 2022). Net loss: CA$1.76m (down 200% from profit in FY 2022). Combined production Oil equivalent production: 0.02 MMboe (0.022 MMboe in FY 2022) Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$2.43, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Oil and Gas industry in Canada. Total returns to shareholders of 16% over the past three years. Board Change • Jun 19
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 12
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$2.52, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 4x in the Oil and Gas industry in Canada. Total returns to shareholders of 68% over the past three years. Board Change • Apr 25
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$3.10, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 5x in the Oil and Gas industry in Canada. Total returns to shareholders of 88% over the past three years. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: CA$0.049 (vs CA$0.029 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.049 (up from CA$0.029 in 3Q 2022). Net income: CA$86.1k (up 68% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Dec 23
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 23% share price gain to CA$2.84, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 5x in the Oil and Gas industry in Canada. Total returns to shareholders of 89% over the past three years. Board Change • Nov 16
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: CA$0.059 (vs CA$0.024 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.059 (up from CA$0.024 in 2Q 2022). Net income: CA$105.5k (up 149% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improved over the past week After last week's 22% share price gain to CA$3.00, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 6x in the Oil and Gas industry in Canada. Total returns to shareholders of 62% over the past three years. Board Change • Sep 13
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 29
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 22
Full year 2022 earnings released: EPS: CA$0.99 (vs CA$0.37 in FY 2021) Full year 2022 results: EPS: CA$0.99 (up from CA$0.37 in FY 2021). Net income: CA$1.75m (up 166% from FY 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 16
Metalore Resources Limited, Annual General Meeting, Sep 24, 2022 Metalore Resources Limited, Annual General Meeting, Sep 24, 2022. Board Change • May 11
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 24
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 22
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. 2 experienced directors. 3 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 21
Second quarter 2022 earnings released: EPS CA$0.024 (vs CA$0.026 loss in 2Q 2021) Second quarter 2022 results: Net income: CA$42.4k (up CA$88.2k from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Oct 20
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. 3 experienced directors. 2 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 30
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. 3 experienced directors. 2 highly experienced directors. President, CEO, MD, Corporate Secretary & Director Armen Chilian was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CA$2.60, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 7x in the Oil and Gas industry in Canada. Total returns to shareholders of 44% over the past three years. Reported Earnings • Jul 29
First quarter 2022 earnings released: CA$0.054 loss per share (vs CA$0.012 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: CA$142.7k (up 17% from 1Q 2021). Net loss: CA$96.5k (loss widened 369% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 21% share price gain to CA$3.22, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 12x in the Oil and Gas industry in Canada. Total returns to shareholders of 56% over the past three years. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS CA$1.69 (vs CA$0.051 loss in 3Q 2020) Third quarter 2021 results: Net income: CA$3.00m (up CA$3.09m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 11
First Mining Gold Corp. (TSX:FF) completed the acquisition of East Cedartree Project from Metalore Resources Limited (TSXV:MET). First Mining Gold Corp. (TSX:FF) agreed to acquire East Cedartree Project from Metalore Resources Limited (TSXV:MET) for CAD 4 million on December 3, 2020. First Mining Gold will pay CAD 3 million in cash and 3 million First Mining shares. The transaction is expected to close by December 9, 2020.
First Mining Gold Corp. (TSX:FF) completed the acquisition of East Cedartree Project from Metalore Resources Limited (TSXV:MET) on December 9, 2020. The consideration shares are subject to a statutory hold period of four months plus one day from closing. Duyuru • Dec 04
First Mining Gold Corp. (TSX:FF) agreed to acquire East Cedartree Project from Metalore Resources Limited (TSXV:MET). First Mining Gold Corp. (TSX:FF) agreed to acquire East Cedartree Project from Metalore Resources Limited (TSXV:MET) on December 3, 2020. First Mining Gold will pay CAD 3 million in cash and 3 million First Mining shares. The transaction is expected to close by December 9, 2020. 