Past year: ▲ 100%(34.0c – 88.0c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
7 July 2025asset acquisition disposition▲ GoodMajor
Agreed to sell its remaining 20% of the Hope Brook project to Big Ridge Gold for C$3 million cash and 7 million Big Ridge shares, letting the earn-in partner consolidate the asset. Another project exited rather than built.
28 May 2025drilling result▲ Good
More near-surface drilling strengthened the Miroir discovery at Duparquet and extended the Valentre zone at depth.
28 Apr 2025drilling progress report● Neutral
Added a second rig at Duparquet and gave a corporate update.
31 Mar 2025material agreement▲ GoodMajor
Received the final US$5 million from First Majestic, completing the US$22.5 million silver stream signed in June 2020 - five years of non-dilutive funding for Springpole now fully drawn.
31 Mar 2025annual report● Neutral
Full-year 2024 results and operating highlights.
14 Mar 2025material agreement▲ GoodMajor
Agreed with First Majestic to pull forward the final payment under the 2020 Springpole silver stream and to amend the terms of warrants held by First Majestic - cash sooner, in exchange for changing an instrument held by the company its chairman founded.
5 Mar 2025drilling progress report● Neutral
Mobilised the first rig of the 2025 Duparquet exploration program.
12 Feb 2025drilling result▲ Good
Confirmed mineralisation that could be added inside the existing Springpole pit design at the East Extension target.
21 Jan 2025drilling result▲ GoodMajor
Two new gold discoveries at Duparquet, led by the Miroir discovery at 3.12 g/t gold over 19.35 metres - the expansion drilling is finding new zones rather than just infilling the acquired resource.
21 Nov 2024drilling result▲ Good
Duparquet's Buzz Zone returned 1.55 g/t gold over 15.4 metres as expansion targets were defined around the existing resource.
19 Nov 2024drilling result▲ Good
Springpole hole SP24-007 pointed to an eastern extension that could add resources next to the planned pit.
13 Nov 2024regulatory community update▲ Good
An independent geotechnical and tailings review board gave a positive initial review of the Springpole project design.
1 Nov 2024regulatory community update▲ GoodMajor
Signed a process agreement with Cat Lake First Nation and Lac Seul First Nation supporting an Anishinaabe-led impact assessment of Springpole - the communities run their own assessment process rather than only responding to the company's.
11 Oct 2024capital raising announcement▼ BadMajor
Followed the bought deal two weeks later with an upsized $7.4 million private placement of 54,463,706 units at the same $0.135, adding another 54 million shares.
1 Oct 2024capital raising announcement▼ BadMajor
Closed a C$8.05 million bought deal of 59,629,800 units at $0.135 including the full over-allotment - nearly 60 million new shares, at a price close to the $0.125 of the December 2023 round and half the $0.27 the June 2023 flow-through fetched.
What it means for a shareholder
59.6m new shares at US$0.135 to raise about US$8.1m. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held US$1,000 of shares (7,407 at the issue price), your slice goes from 0.000686% to 0.00065% of the company. To keep it you'd need 409 more shares - about US$55 at the issue price.
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9 Sept 2024drilling result▲ Good
Expanded the high-grade gold discovery in the Birch-Uchi belt near Springpole.
28 Aug 2024drilling result▲ Good
Drilling at Duparquet's Valentre target returned 3.98 g/t gold over 8.7 metres and a second rig was added.
27 June 2024regulatory community update● Neutral
Published its third annual environmental, social and governance report.
20 June 2024capital raising announcement● Neutral
Material change report covering the upsized $7 million flow-through placement closed in June 2024.
20 June 2024regulatory community update● Neutral
Further update on the temporary winter road serving Springpole exploration.
18 June 2024drilling result▲ GoodMajor
Duparquet hole DUP24-024 returned several gold zones - 10.67 g/t over 5.3 m, 6.63 g/t over 9.0 m, 3.04 g/t over 33.5 m and 5.97 g/t over 33.0 m - in mafic volcanic units that had never been modelled at Duparquet, so the acquired resource model was missing rock that carries gold.
17 June 2024capital raising announcement● Neutral
Upsized and closed the flow-through placement at about $7 million.
28 May 2024capital raising announcement● Neutral
Announced a flow-through placement of up to $5 million, up to 24,242,424 shares.
What it means for a shareholder
24.2m new shares at about US$0.2063 to raise about US$5.0m. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held US$1,000 of shares (4,848 at the issue price), your slice goes from 0.000449% to 0.000439% of the company. To keep it you'd need 109 more shares - about US$22 at the issue price.
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21 May 2024drilling result▲ Good
First 2024 Duparquet results, including the first drilling ever aimed at the North Zone.
1 May 2024drilling progress report● Neutral
Phase three drilling and regional data capture under way at Duparquet.
4 Apr 2024annual report● Neutral
Full-year 2023 results and operating highlights.
28 Feb 2024regulatory community update▲ Good
Received safety permits for a temporary winter road to the Springpole exploration camp - access, not geology, being the constraint at this stage.
23 Feb 2024drilling result▲ Good
Final 2023 Duparquet drill results, including a new zone, and the start of the 2024 program.
10 Jan 2024capital raising announcement● Neutral
Material change report covering the December 2023 close of the upsized $10.8 million placement.
9 Jan 2024drilling result▲ Good
Confirmed a new area of mineralisation between Central Duparquet and the Dumico resource area, and announced management changes in the same release.
