New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2025. 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 (60% average weekly change). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.07m market cap, or US$789.3k). Minor Risk Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). New Risk • Jul 27
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$932k 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$932k free cash flow). Shares are highly illiquid. Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.57m market cap, or US$2.60m). Duyuru • Mar 09
PureWave Hydrogen Corp. announced that it expects to receive CAD 0.75 million in funding PureWave Hydrogen Corp. announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 750,000 on March 7, 2025. Each unit will comprise one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one common share for a period of 24 months from the closing date of the offering at an exercise price of CAD 0.25 per share. The securities issued under the offering will be subject to a four-month-plus-one-day hold period from the date of closing. Closing of the offering is subject to the acceptance of the TSX Venture Exchange. Duyuru • Feb 08
PureWave Hydrogen Corp. Announces CFO Changes PureWave Hydrogen Corp. announced the appointment of John Cassels as Chief Financial Officer (CFO), effective immediately. John Cassels brings over 40 years of financial leadership experience in the junior oil and gas exploration and production sectors across Canada, the USA, and Argentina. He began his career at Ernst &Young (then Clarkson Gordon) as a CPA, CA, before transitioning into financial management roles that spanned M&A activities, capital markets, and the funding of both private and publicly traded companies listed on the TSX and NYSE. Throughout his career, Cassels has served as a director and senior officer for ten companies, further solidifying his extensive expertise in corporate finance and strategic growth initiatives. In the early 2000s, Cassels held the position of CFO at a merchant banking and private equity firm, where he played a pivotal role in financial strategy and investment structuring. During this period, he also worked as a financial consultant for a junior oil and gas exploration company operating in Argentina. More recently, he has spent over five years as a principal at a fractional CFO services firm, which provides financial leadership and strategic guidance to emerging businesses. As CFO, Cassels will oversee PureWave's financial strategy and capital structuring, ensuring the company remains well-positioned for continued growth and success. Additionally, the Company would like to extend its sincere gratitude to Tatenda Muhle for his contributions as Interim CFO during this transition period. New Risk • Jan 29
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$941k 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$941k free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (313% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.13m market cap, or US$4.96m). Duyuru • Jan 17
Robert Price Steps Down from PureWave Hydrogen Corp. as Director PureWave Hydrogen Corp. announced that Robert Price has stepped down from his role as a Director of the Company, effective immediately. The Board of Directors and management team express their gratitude to Mr. Price for his contributions to the Company during his tenure. While stepping away from his role as a Director, Mr. Price remains a supporter of PureWaves vision and is confident in the Companys future endeavors. Duyuru • Dec 11
PureWave Hydrogen Corp. Announces Chief Financial Officer Changes PureWave Hydrogen Corp. announced the appointment of Tatenda Muhle, CPA as its new Chief Financial Officer (CFO), effective as of December 6, 2024. Tatenda Muhle will succeed Ryan Cheung, who has decided to step down from the position to pursue other professional opportunities. Mr. Muhle brings a wealth of experience in financial leadership, strategic planning, and corporate governance, having held senior roles at with other public and private companies. With a proven track record of driving financial growth and operational efficiency, Tatenda Muhle, CFO is poised to play a key role in supporting PureWave Hydrogens strategic objectives and enhancing shareholder value. Ryan Cheung has served as the Company's CFO, overseeing the successful merger of Longhorn Exploration and PureWave Hydrogen. Mr. Cheung will remain with the Company through a transition period to ensure a seamless handover of all accounting responsibilities. Duyuru • Dec 03
Purewave Hydrogen Corp. Announces Advisory Board Appointments PureWave Hydrogen Corp. announced the appointment of two distinguished professionals to its Advisory Board: Matt Silverman as Geoscience Advisor and Daniel Jaouiche as Energy Strategy Advisor. These additions bring a wealth of experience to support the Companys initiatives in advancing clean hydrogen exploration and production. Matt Silverman, Geoscience Advisor Mr. Silverman joins the Advisory Board with over 45 years of extensive experience in petroleum exploration and production. Throughout his career, Mr. Silverman has successfully contributed to the discovery and development of oil and natural gas reserves across Europe, Asia, and the western United States. From 2001 to 2023, Mr. Silverman served as the lead for exploration, new ventures, and special projects with Robert L. Bayless, Producer LLC, a prominent private oil and gas company operating in the Central and Southern Rocky Mountain regions. As Exploration Manager of Baylesss affiliate, Sweetpea Petroleum, Mr. Silverman directed efforts to explore the Beetaloo Basin in Australias Northern Territory. His work included geologic, seismic, and environmental studies, as well as overseeing negotiations and approvals on a 7-million-acre block. Drilling activities in the Beetaloo Basin and surrounding permits have highlighted its potential as a world-class hydrocarbon province, with unconventional Mesoproterozoic shale-gas reservoirs being a principal focus. Daniel Jaouiche, Energy Strategy Advisor With over 30 years of experience, Mr. Jaouiche is a recognized expert in energy strategy and M&A. His career includes corporate development leadership roles with Fortune 500 energy companies and senior advisory positions with leading consulting firms. Mr. Jaouiche has successfully managed transactions valued at over $100 billion across the full energy value chain. His expertise extends to the Energy Transition sector, with a particular focus on green hydrogen and ammonia. His deep knowledge of the full transaction cycle and energy transition initiatives aligns perfectly with PureWave Hydrogens mission to accelerate the development of sustainable energy solutions. Board Change • Nov 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. 4 experienced directors. No highly experienced directors. CEO & Non-Independent Director Anthony Zelen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 06
Longhorn Exploration Corp. (TSXV:LEX) completed the acquisition of PureWave Hydrogen Corp. Longhorn Exploration Corp. (TSXV:LEX) entered into an agreement to acquire PureWave Hydrogen Corp. for $3.2 million on September 26, 2024. Pursuant to the agreement, the Longhorn Exploration has agreed to acquire all of the 17,200,000 issued and outstanding PureWave Shares from the Vendors, and each of the Vendors agrees to sell, assign and transfer its respective PureWave Shares to the Longhorn Exploration in consideration for the issuance by the Longhorn Exploration of 17,200,000 common shares of the Longhorn Exploration. PureWave Hydrogen will become a wholly-owned subsidiary of the Longhorn. The Agreement and the Acquisition are subject to the approval of the TSX Venture Exchange.
Longhorn Exploration Corp. (TSXV:LEX) completed the acquisition of PureWave Hydrogen Corp. on November 4, 2024. Shareholders of Longhorn Exploration Corp approved the deal. Duyuru • Sep 29
Longhorn Exploration Corp. (TSXV:LEX) entered into an agreement to acquire PureWave Hydrogen Corp. for $3.2 million. Longhorn Exploration Corp. (TSXV:LEX) entered into an agreement to acquire PureWave Hydrogen Corp. for $3.2 million on September 27, 2024. Pursuant to the agreement, the Longhorn Exploration has agreed to acquire all of the 17,200,000 issued and outstanding PureWave Shares from the Vendors, and each of the Vendors agrees to sell, assign and transfer its respective PureWave Shares to the Longhorn Exploration in consideration for the issuance by the Longhorn Exploration of 17,200,000 common shares of the Longhorn Exploration. PureWave Hydrogen will become a wholly-owned subsidiary of the Longhorn. New Risk • Jul 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 109% 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 (109% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.19m market cap, or US$4.54m). Board Change • Jul 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. 4 experienced directors. No highly experienced directors. CEO & Non-Independent Director Anthony Zelen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 28
Longhorn Exploration Corp. announced that it has received CAD 0.8825 million in funding On June 27, 2024, Longhorn Exploration Corp. closed the transaction. The company issued 8,825,000 common shares at a price CAD 0.10 per share for aggregate gross proceeds of $882,500. In connection with the private placement, the company paid aggregate cash finder's fees of CAD 9,400. Duyuru • Apr 20
Longhorn Exploration Corp. announced that it expects to receive CAD 1.3 million in funding Longhorn Exploration Corp announced a non-brokered private placement financing of common shares at a price CAD 0.10 per share for Minimum shares 10,000,000 and Maximin shares of 13,000,000 for minimum gross proceeds of CAD 1,000,000 and maximum gross proceeds of CAD 1,300,000 on April 18, 2024. The Private Placement is subject to Exchange approval. All securities issued under the Private Placement will be subject to a statutory hold period of four months and one day following issuance in accordance with applicable Canadian securities laws and the policies of the Exchange. Finder’s fees may be payable in connection with the Private Placement, all in accordance with the policies of the Exchange and applicable securities laws. New Risk • Apr 06
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$184k 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$184k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$778.3k market cap, or US$572.7k). Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Board Change • Mar 28
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Dyakowski is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 11
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Dyakowski is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Dyakowski is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 03
Longhorn Exploration Corp., Annual General Meeting, Apr 05, 2024 Longhorn Exploration Corp., Annual General Meeting, Apr 05, 2024. Board Change • Dec 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Dyakowski is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Dyakowski is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 23
Longhorn Exploration Corp. Withdraws Drill Permit Application for the Fame Property Longhorn Exploration Corp. announced that it has withdrawn its drill permit application for the Fame property located in British Columbia, Canada. The Fame property already received an induced polarization (IP) permit from the Ministry of Energy, Mines and Low Carbon Innovation (British Columbia). Given the current economic conditions and the expected timeline, consultation and costs to obtain a drill permit and complete a drill program, the Company has decided to withdraw the drill permit application at this time. Board Change • Sep 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Peter Dyakowski is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 25
Longhorn Exploration Corp., Annual General Meeting, Jan 26, 2023 Longhorn Exploration Corp., Annual General Meeting, Jan 26, 2023. Duyuru • Oct 13
Longhorn Exploration Corp. Announces Geophysical Survey and Geochemical Soil Survey Results on the Fame Property Longhorn Exploration Corp. announced that it has completed its 2022 exploration program on the Company's Fame property which is located on the Chilcotin plateau west of 100 Mile House, B.C. in the Clinton Mining Division. The program was comprised of a geochemical soil sample survey and a three-sensor gradient magnetic airborne survey. Geophysical Survey: The company retained Precision GeoSurveys to conduct the airborne geophysical survey and Discovery Consultants to execute the soil sampling program. Discovery Consultants was responsible for putting together the assessment report based on historical information generated by previous operators and new information generated by the 2022 soil geochemical program and the magnetic airborne survey. The aeromagnetic survey was flown with three magnetic sensors with a known separation to measure the magnetic gradient as the difference in magnetic field between the sensors divided by the distance. This has significant advantages in situations when the magnetic targets are shallow. The survey was flown in a systematic low-level grid pattern as determined by the company. Tie lines were flown normal to survey lines at a rate of one tie line for every ten survey lines. A northeast-trending area of low magnetic susceptibility, approximately 1.2 km wide, was outlined and confirmed. It is coincident with the previously outlined Kelsch lineament, and with the known showings on the Property, namely the Discovery, Kelsch, Double Diamond and Twilight showings. A similar, parallel magnetic low region trends along Gaspard Creek, which lies about three kilometres to the southeast. Secondary cross-cutting lineaments are outlined, trending to the northwest. The magnetic gradient survey has better defined these structural variations as well as provided better contrast to smaller, shallower magnetic bodies which lie outside of the northeast-trending magnetic low. Geochemical Soil Survey: The soil geochemical survey was focussed on the northeast portion of the Property and was designed to extend the 2011 soil survey to the north and east, targeting the extension of the northeast trend of mineralization. The grid consisted of 19 north-south lines at 100- metre spacing, and sampling at 50- metre spacing. Approximately 830 soil samples were collected. A statistical analysis using probability plots was used to determine the gold and copper anomalous classification of the soil samples. The classification was based on a database comprising the 2022 samples along with the over 4,000 samples collected in 2011. For gold, anomalous gold values occur at values between 10 and 85 ppb Au, and highly anomalous samples occur above 85 ppb Au. An area of anomalous gold lies in the northwest part of the 2022 grid and forms a northeast extension of the gold-in-soil anomaly noted in the 2011 soil survey. It forms a northeast extension of mineralization trend previously discovered, namely the Kelsch, Double Day - Discovery Zone showings. The program also identified other gold anomalies, including a cluster of anomalous gold-in soil samples occurs in the southwest corner of the 2022 grid, where five samples contain anomalous gold. This anomaly remains open to the south. A single soil sample occurs in the northeast corner of the 2022 grid, having a highly anomalous gold value of 796 ppb Au. This area requires further prospecting to determine the source of the anomaly. Although copper values were not highly anomalous, one soil sample carried 134 ppm Cu. Located in the southeast portion of the grid, the location warrants follow-up in the field. Duyuru • Jul 15
Longhorn Exploration Corp. Announces Commencement of Aeromagnetic Geophysical Survey on the Fame Property Longhorn Exploration Corp. announce that the Company has retained Precision GeoSurveys to conduct a geophysical survey over the Company's Fame property which is located on the Chilcotin plateau west of 100 Mile House, B.C. in the Clinton Mining Division. The aeromagnetic survey is expected to be flown within the coming days with two or more magnetic sensors with a known separation and the magnetic gradient can be directly measured as the difference in magnetic field between the sensors divided by the distance. This has significant advantages in certain situations especially when the magnetic targets are shallow. The Fame property will be flown in a systematic low-level grid pattern as determined by the Company's management and technical team. Tie lines will be flown normal to survey lines at a rate of one tie line for every ten survey lines. The Company has decided to pursue the aeromagnetic geophysical survey instead of the induced polarization survey due to uncertainty of the availability of the induced polarization survey equipment and personnel at the current time. The aeromagnetic survey's magnetic sensors are intended to detect magnetic targets and once the soil geochemical sample results are received, analyzed and interpreted it will provide the Company with a greater understanding of the Fameproperty and potential drill targets. The Company's previously announced geochemical program on the Fame property has completed and the samples have been sent to an independent laboratory for assaying. Duyuru • Jun 07
Longhorn Exploration Corp. Announces Work Program on the Fame Gold Property Longhorn Exploration Corp. announced that a soil geochemical program on the Fame property (located approximately 82 kilometres southwest of the City of Williams Lake, British Columbia) will commence on or about June 10, 2022. The Company expects this work program to take approximately three to five weeks to complete. The samples will then be assayed at an independent laboratory. The Company anticipates it will also undertake a geophysical survey on the Fame property as part of the work program. Further details regarding the work program will be provided in the coming weeks, including particulars regarding the anticipated geophysical survey. The Fame property consists of 11 contiguous mining titles and covers an area of 3200 hectares. It hosts several mineral showings consisting of mineralization that have been classified as epithermal gold. The main target type on the Fame property is an epithermal gold deposit. The 2012 IP survey that was conducted over most of the known showings was successful in delineating zones of higher chargeability, which may relate to zones of disseminated pyrite or other sulphides; higher resistivity, which may relate to either intrusions or zones of silicification; in addition to providing depth profiles of targets. The development of this work program is based on the information generated by the analysis ofprevious work completed on the Fame property, combined with the 2021 completed airborne geophysical survey. Duyuru • May 10
Longhorn Exploration Corp. has completed an IPO in the amount of CAD 0.6 million. Longhorn Exploration Corp. has completed an IPO in the amount of CAD 0.6 million.
Security Name: Common Shares
Security Type: Common Stock
Price\Range: CAD 0.2
Discount Per Security: CAD 0.018
Security Name: Flow-Through Common shares
Security Type: Common Stock
Securities Offered: 800,000
Price\Range: CAD 0.25
Discount Per Security: CAD 0.0225
Security Features: Flow-Through
Security Name: Common Shares
Security Type: Common Stock
Price\Range: CAD 0.2
Discount Per Security: CAD 0.004 