Board Change • Mar 31
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. 4 highly experienced directors. Independent Director Roger Richer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 181% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$34k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.9m). Earnings have declined by 9.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (181% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.80m market cap, or US$2.77m). Board Change • Mar 03
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. 4 highly experienced directors. Independent Director Roger Richer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. 4 highly experienced directors. Independent Director Roger Richer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 01
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. 4 highly experienced directors. Independent Director Roger Richer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$42k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.8m). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$972.0k market cap, or US$712.1k). Duyuru • Apr 29
Vanadian Energy Corp., Annual General Meeting, Jun 26, 2025 Vanadian Energy Corp., Annual General Meeting, Jun 26, 2025. Location: british columbia, vancouver Canada New Risk • Dec 19
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$16k 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$16k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.7m). Revenue is less than US$1m. Market cap is less than US$10m (CA$718.4k market cap, or US$500.0k). Duyuru • Dec 01
Vanadian Energy Corp. Auditor Raises 'Going Concern' Doubt Vanadian Energy Corp. filed its Annual on Nov 29, 2024 for the period ending Jul 31, 2024. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Duyuru • Oct 14
Vanadian Energy Corp., Annual General Meeting, Dec 10, 2024 Vanadian Energy Corp., Annual General Meeting, Dec 10, 2024. Location: british columbia, vancouver Canada Duyuru • Oct 06
Vanadian Energy Corp., Annual General Meeting, Dec 12, 2023 Vanadian Energy Corp., Annual General Meeting, Dec 12, 2023. Duyuru • Jan 27
Vanadian Energy Corp. Appoints Aaron Triplett as Chief Financial Officer Vanadian Energy Corp. announced that the directors of the company have appointed Aaron Triplett, CPA, CA as chief financial officer of the company effective immediately. Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated over 15 years experience in the field of financial management and accounting, specializing in forecasting, compliance and risk management, and the development and monitoring of control systems. Mr. Triplett's experience includes acting as CFO for various operating public companies listed on the TSX Venture Exchange and Canadian Securities Exchange. Prior to his work with public companies, Mr. Triplett was an audit and assurance manager for a mid-size public accounting firm With Mr. Triplett's appointment, the Company has accepted the resignation of Szascha Lim as CFO of the Company and would like to thank her for her contributions. Duyuru • Dec 14
Vanadian Energy Corp. Announces Management Changes Vanadian Energy Corp. announced that at its annual and special meeting of shareholders of the company held on November 30, 2022 were elected as directors of the company. The appointment of each of the nominees to the company's board was approved by more than 96.77% of the votes cast at the Meeting. With this, the company welcomes Roger T. Richer to the board of directors of the company effective November 30, 2022. Mr. Richer has over 30 years of experience in mining law, corporate finance and international business transactions and practices. He served as Executive Vice President, General Counsel of B2Gold Corp. from March 2007 to June 2022 and as its Secretary from December 2006 to June 2022 and remains as an adviser and consultant to B2Gold. Mr. Richer managed the legal affairs, corporate records and corporate governance of B2Gold. Mr. Richer has served as a director and/or officer of several other public companies operating in the resource sector and has previous experience as an audit committee member. He has a Bachelor of Arts and a Bachelor of Law degree from the University of Victoria. Alicia Krywaniuk has also been appointed Corporate Secretary of the company. The company also thanks Mr. Mark Corra for his contributions as he recently stepped down as a Director and Chair of the company's audit committee. Board Change • Nov 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. 1 experienced director. 4 highly experienced directors. President, CEO & Director Marc Simpson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 27
Vanadian Energy Corp., Annual General Meeting, Nov 30, 2022 Vanadian Energy Corp., Annual General Meeting, Nov 30, 2022. Board Change • Apr 27
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. President, CEO & Director Marc Simpson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 03
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. 4 highly experienced directors. President, CEO & Director Marc Simpson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 