Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Gary Billingsley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 23
Xpedra Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.185 million. Xpedra Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.185 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 93,888,000
Price\Range: AUD 0.02
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,362,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 16
Powerhaus Uranium Limited entered into an agreement to acquire Hidden Bay Uranium Project from Xpedra Resources Limited (ASX:XPD) for AUD 0.29 million. Powerhaus Uranium Limited entered into an agreement to acquire Hidden Bay Uranium Project from Xpedra Resources Limited (ASX:XPD) for AUD 0.29 million on February 16, 2026. The consideration for the project being acquired consists of AUD 0.05 million in cash and the issuance of 1.2 million shares in the capital of Powerhaus, at a deemed issue price of AUD 0.20. Additionally, Powerhaus will grant Xpedra a 2.0% royalty on the sale on any uranium products from the Hidden Bay Project.
The transaction is subject to consummation of due diligence investigation, Powerhaus receiving ASX confirmation that it will grant conditional quotation of Powerhaus’ shares on terms acceptable to Powerhaus, and Xpedra receiving shareholder approval for the sale of the Hidden Bay Project in accordance with ASX Listing Rule 11.4. Duyuru • Nov 29
Thunderbird Resources Limited (ASX:THB) completed the acquisition of LM2 Pty Ltd. Thunderbird Resources Limited (ASX:THB) entered into binding share sale agreement to acquire LM2 Pty Ltd for AUD 1.4 million on September 22, 2025. A cash consideration of AUD 0.2 million will be paid by Thunderbird Resources Limited. The consideration consists of 28.57 million common equity of Thunderbird Resources Limited to be issued for common equity of LM2 Pty Ltd. Thunderbird Resources Limited will pay an earnout/contingent payment of AUD 0.8 million common equity.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, consummation of due diligence investigation and consummation of private placement.
Thunderbird Resources Limited (ASX:THB) completed the acquisition of LM2 Pty Ltd on November 27, 2025. Duyuru • Sep 23
Thunderbird Resources Limited (ASX:THB) entered into binding share sale agreement to acquire LM2 Pty Ltd for AUD 1.4 million. Thunderbird Resources Limited (ASX:THB) entered into binding share sale agreement to acquire LM2 Pty Ltd for AUD 1.4 million on September 22, 2025. A cash consideration of AUD 0.2 million will be paid by Thunderbird Resources Limited. The consideration consists of 28.57 million common equity of Thunderbird Resources Limited to be issued for common equity of LM2 Pty Ltd. Thunderbird Resources Limited will pay an earnout/contingent payment of AUD 0.8 million common equity.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, consummation of due diligence investigation and consummation of private placement. Duyuru • Sep 22
Thunderbird Resources Limited, Annual General Meeting, Nov 19, 2025 Thunderbird Resources Limited, Annual General Meeting, Nov 19, 2025. Duyuru • Jan 10
Thunderbird Resources Limited Announces Appointment of George Ventouras as Director Thunderbird Resources Limited announced appointment of George Ventouras as director, effective January 9, 2025. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Gary Billingsley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 13
hunderbird Resources Limited (ASX:THB) agreed to acquire Kookynie Resources Pty. Ltd. for AUD 1.9 million. Thunderbird Resources Limited (ASX:THB) agreed to acquire Kookynie Resources Pty. Ltd. for AUD 1.9 million on November 13, 2024. The consideration consists of 30 million common equity of Thunderbird Resources Limited to be issued for common equity of Kookynie Resources Pty. Ltd. Thunderbird Resources Limited will pay an earnout/contingent payment common equity. As part of consideration, AUD 1.85 million is paid towards common equity of Kookynie Resources Pty. Ltd.
The transaction is subject to approval of offer by acquirer shareholders. MQB Ventures Pty Ltd has been appointed as the representative for the shareholders of Kooky Resources. 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 Share price has been highly volatile over the past 3 months (77% average weekly change). Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Revenue is less than US$1m (AU$311k revenue, or US$215k). Market cap is less than US$10m (€3.41m market cap, or US$3.79m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Duyuru • Sep 26
Thunderbird Resources Limited, Annual General Meeting, Nov 29, 2024 Thunderbird Resources Limited, Annual General Meeting, Nov 29, 2024. New Risk • Aug 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 172% 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 Share price has been highly volatile over the past 3 months (62% average weekly change). Shareholders have been substantially diluted in the past year (172% increase in shares outstanding). Revenue is less than US$1m (AU$311k revenue, or US$203k). Market cap is less than US$10m (€7.68m market cap, or US$8.38m). Duyuru • Jul 18
Thunderbird Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.347395 million. Thunderbird Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.347395 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,913,162
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Apr 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Gary Billingsley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 15
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$1.7m 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$1.7m free cash flow). Share price has been highly volatile over the past 3 months (52% average daily change). Revenue is less than US$1m (AU$308k revenue, or US$202k). Market cap is less than US$10m (€6.91m market cap, or US$7.53m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Duyuru • Dec 19
Valor Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Valor Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Transaction Features: Subsequent Direct Listing Duyuru • Dec 06
Valor Resources Limited has filed a Follow-on Equity Offering. Valor Resources Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Subsequent Direct Listing Duyuru • Oct 25
Valor Resources Limited (ASX:VAL) agreed to acquire 1325020 B.C. Ltd for $0.18 million. Valor Resources Limited (ASX:VAL) agreed to acquire 1325020 B.C. Ltd for $0.18 million on October 24, 2023. As for consideration, Valor Resources Limited is acquiring 100% of the issued capital of 1325020 B.C. Ltd for consideration comprising the issue of 50 million fully paid ordinary Valor shares, equivalent to $0.17 million. 1325020 B.C. Ltd holds cash of $0.087 million. Transaction is subject to due diligence investigations, approval required to effect completion of the acquisition under applicable laws or the rules of an applicable securities exchange. Duyuru • Sep 27
Valor Resources Limited, Annual General Meeting, Nov 30, 2023 Valor Resources Limited, Annual General Meeting, Nov 30, 2023. Duyuru • Sep 07
Firetail Resources Limited (ASX:FTL) completed the acquisition of 80% stake in Kiwanda SAC from Valor Resources Limited (ASX:VAL). Firetail Resources Limited (ASX:FTL) executed binding term sheet to acquire 80% stake in Kiwanda SAC from Valor Resources Limited (ASX:VAL) for AUD 2.4 million on July 5, 2023. As a part of consideration Firetail Resources will pay AUD 0.2 million cash on payable within 5 business days of execution of the terms sheet, AUD 0.55 million cash will pay on completion and 15,000,000 fully paid ordinary shares (consideration shares) in Firetail Resources at a deemed issue price of AUD 0.10 per share to acquire an initial 60% interest in Kiwanda subject to approval by Firetail shareholders. Firetail will issue 20,000,000 performance rights convertible into Firetail Shares on the satisfaction of specified vesting conditions (performance rights) following which Firetail will acquire an additional 20% interest in Kiwanda. A general meeting will be held on August 18, 2023, to approve the issue of the consideration shares and performance rights by Firetail shareholders. In connection with this transaction, and subject to approval by Firetail shareholders, a nominee of Valor, George Bauk, will be appointed to the Firetail board of directors.
Firetail Resources Limited (ASX:FTL) completed the acquisition of 80% stake in Kiwanda SAC from Valor Resources Limited (ASX:VAL) on September 6, 2023. Duyuru • Jul 06
Firetail Resources Limited (ASX:FTL) executed binding term sheet to acquire 80% stake in Kiwanda SAC from Valor Resources Limited (ASX:VAL) for AUD 2.4 million. Firetail Resources Limited (ASX:FTL) executed binding term sheet to acquire 80% stake in Kiwanda SAC from Valor Resources Limited (ASX:VAL) for AUD 2.4 million on July 5, 2023. As a part of consideration Firetail Resources will pay AUD 0.2 million cash on payable within 5 business days of execution of the terms sheet, AUD 0.55 million cash will pay on completion and 15,000,000 fully paid ordinary shares (consideration shares) in Firetail Resources at a deemed issue price of AUD 0.10 per share to acquire an initial 60% interest in Kiwanda subject to approval by Firetail shareholders. Firetail will issue 20,000,000 performance rights convertible into Firetail Shares on the satisfaction of specified vesting conditions (performance rights) following which Firetail will acquire an additional 20% interest in Kiwanda. A general meeting will be held on August 18, 2023, to approve the issue of the consideration shares and performance rights by Firetail shareholders. In connection with this transaction, and subject to approval by Firetail shareholders, a nominee of Valor, George Bauk, will be appointed to the Firetail board of directors. Duyuru • Feb 16
Valor Resources Limited Further Expands Surprise Creek Uranium Project with Strategic Acquisitions Valor Resources Limited (Valor) advised that it has further expanded its 100%-owned Surprise Creek Uranium and Copper Project in northern Saskatchewan, Canada after acquiring two new claims covering an area of around 20km2 adjoining its existing ground- holding. The two new claims cover historical copper occurrences and favourable geology for Beaverlodge-style uranium mineralisation. Despite their prospectivity, there has been minimal exploration undertaken on this area since the 1980s. A detailed review of the historical exploration data from the acquired claims is currently underway. This process will include a compilation, review and interpretation of all publicly available geological and geophysical datasets to prioritise areas for follow-up exploration. The Tazin Lake showing was discovered by Nitracell Canada in 1969 and is located on the southern shore of Tazin Lake. The showing consists of a copper occurrence hosted in pegmatitic textured, red feldspathic gneiss present in lenses of pale pink biotite gneiss. A selected sample yielded 1.2% Cu. Duyuru • Feb 15
Valor Resources Limited Announces Exciting New Copper Targets At Surprise Creek Valor Resources Limited advised that a detailed historical exploration data review of three recently staked mineral claims at the Surprise Creek Uranium Project, located near the Beaverlodge Uranium District in northern Saskatchewan, Canada, has identified strong prospectivity for copper mineralisation. The new mineral claims were acquired in November 2022 (see ASX Announcement 22 November 2022 titled "Valor increases landholding at Surprise Creek") and cover an area of nearly 44km2 to the west of the Surprise Creek Project. The data review has highlighted three significant copper occurrences, in particular the Ellis Bay and Bob Lake Prospects. Trenching, channel sampling and drilling was undertaken on these two prospects in the 1950s-70s, with minimal modern exploration completed since that time. Drilling results of up to 9m @ 2.07% Cu and 27.3g/t Ag from surface and 2.5m @ 5.58% Cu and 17.43g/t Ag from 6.1m were reported at Bob Lake and 6.6m @ 1.31% Cu from 11m at Ellis Bay. Due to the historical nature of some of this data, some aspects of the sampling, assaying and drilling cannot be verified at this time and therefore caution must be applied, and some data has been excluded where the results are not considered accurate. The Company intends to verify the copper occurrences during the 2023 field season by completing geological mapping and geochemical sampling over these targets. Duyuru • Feb 08
Valor Resources Limited Announces Final Priority Drill Targets for Cluff Lake Uranium Project Valor Resources Limited advised that it has confirmed several priority drill targets for the upcoming 2023 field season at the Cluff Lake Uranium Project, located 7km east of the Cluff Lake Uranium deposits on the western flank of Canada's world-class Athabasca Basin. The targets have been refined following the interpretation of new airborne gravity gradiometry (AGG) and magnetic data, re-processing of historical airborne EM data (MEGATEM) and initial fieldwork at the Cluff Lake Project. An earlier review of historic exploration data from the Cluff Lake area identified seven prospective targets from geological mapping, surface sampling, diamond drilling and re-processed historical geophysical data. Subsequent to that, the Company completed an airborne gravity gradiometry survey in June 2022 and, following an interpretation of these and other data, high-priority targets have been defined. The airborne gravity survey was designed to identify gravity lows which can be caused by clay alteration of the host rock, potentially due to hydrothermal fluids associated with unconformity uranium deposits. Detailed geological mapping was also completed over the area around the Surprise Creek Fault, with results highlighting compelling geological similarities to some of the more significant uranium deposits within the Beaverlodge district such as the Fay-Ace and Gunnar deposits. Initial fieldwork has also been completed to review the targets identified through the historical data review. Sampling of historical trenches and outcrop was completed where possible, with a total of 20 samples collected. Most notable were the samples taken at the Moose Lake prospect, which returned anomalous rare earths grading up to 9.15% TREO. Valor completed an airborne gravity gradiometry (AGG) survey across approximately 80% of the Cluff Lake Project area (622km2) last year. A total of 2,787 line-kms were flown in the survey, at a line spacing of 200m. Final data have been received and processing of the data has revealed several high-order anomalies. In addition to the gravity data, airborne magnetic data was also acquired during the same survey. The airborne gravity survey was designed to identify gravity lows. The hydrothermally clay altered host rocks associated with unconformity uranium deposits will have a lower density than the surrounding rocks and will present as gravity lows. Valor's consultant geophysics team, Terra Resources, which includes a former Cameco geophysicist, has interpreted the recently acquired airborne gravity survey data and highlighted four high-order priority targets and numerous lower order targets. A re-interpretation of historical MEGATEM data has also been completed which has been integrated with the new gravity data to prioritise the targets. Integrating the gravity data with historical geophysical data and the new airborne magnetic data has highlighted three significant structural/geophysical trends: the Carswell Lake Trend, Cluff Lake Trend and the Shea Trend. All three trends strike in approximately the same north-east orientation. Board Change • Nov 17
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Executive Chairman George Bauk is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Gary Billingsley was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Gary Billingsley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.