Bekanntmachung • Feb 03
DRC Gold Corp. Appoints David Wargo to Board of Directors DRC Gold Corp. announced that David Wargo has been appointed to DRC Gold's board of directors. Mr. Wargo is the CEO and Head of Investment Banking for SCP Resource Finance, formerly Sprott Capital Partners, and a senior natural resource investment banker with over 25 years of experience in the mining and banking industries. He spent 10 years of his career financing Congolese companies in the copper and gold spaces, with a particular focus on the Kivu region of Congo. Mr. Wargo is a chemical engineer and holds an MBA. Bekanntmachung • Jan 22
AJN Resources Inc. announced that it has received CAD 0.550025 million in funding On January 21, 2026, AJN Resources Inc. closed the transaction. The company issued 3,666,833 units at an issue price of CAD 0.15 per unit for gross proceeds of up to CAD 550,025. The securities issued pursuant to the private placement are, and any Warrant Shares to be issued on the exercise of Warrants will be, restricted from trading until May 22, 2026. Bekanntmachung • Dec 10
AJN Resources Inc. (CNSX:AJN) signed a non-binding term sheet to acquire 55% stake in Giro Gold Project in Democratic Republic of the Congo from Amani Consulting sarl for CAD 39.7 million. AJN Resources Inc. (CNSX:AJN) signed a non-binding term sheet to acquire 55% stake in Giro Gold Project in Democratic Republic of the Congo from Amani Consulting sarl for CAD 39.7 million on December 1, 2025. The consideration consists of 250 million common equity of AJN Resources Inc. to be issued for assets of Giro Gold Project in Democratic Republic of the Congo. As part of consideration, an undisclosed value is paid towards assets of Giro Gold Project in Democratic Republic of the Congo. The Company also announces a non-brokered private placement offering of up to 3,000,000 units in the capital of the company at a price of 16.5 cents per unit for gross proceeds of up to CAD 0.495 million. Proceeds from this private placement will be used for technical, legal and financial due diligence on Giro Goldfields and on the Giro Gold Project negotiation, preparation and closing of a purchase agreement; and mineral exploration activities on the Project. The Company has received approval from the British Columbia Registrar of Companies for the Company’s proposed new name Giro Gold Corporation and has obtained new ISIN and CUSIP numbers for this name. Subject to Canadian Securities Exchange approval, the name change will be implemented imminently.
Upon closing of the purchase of the Giro Interest by AJN, AJN will reconstitute its board of directors to increase the number of directors from four (4) to five (5), of which three (3) will be representatives of Amani Consulting, which representatives will be elected or appointed to AJN’s board of directors. Upon Closing, AJN will be granted an option to acquire the remaining 10% interest held by Amani Consulting in Giro Goldfields by either (a) paying CAD 45.3 million to Amani Consulting within12 months of the Closing, or (b) paying CAD 75.5 million to Amani Consulting within 24 months of the Closing.
Closing will be subject to certain conditions precedent including satisfactory due diligence by AJN, Amani Consulting and Mabanga, and receipt of all necessary approvals including board approval, and any shareholder and regulatory approval required to be obtained by AJN. New Risk • Dec 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$896k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-CA$896k). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$22.4m market cap, or US$16.0m). New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 79% 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 Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.7m market cap, or US$7.60m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Bekanntmachung • Nov 20
AJN Resources Inc. announced that it has received CAD 3 million in funding On November 19, 2025, the AJN Resources Inc. closed the transaction. The securities issued pursuant to the private placement are, and any Warrant Shares to be issued on the exercise of Warrants will be, restricted from trading until March 20, 2026. No bonus, finder’s fee, commission, agent’s option or other compensation was paid in connection with the private placement. The issuance of the Units resulted in a new shareholder that holds in excess of 20% of the common shares of the Company, but will not change control or materially affect control of the Company. Bekanntmachung • Oct 13
AJN Resources Inc., Annual General Meeting, Dec 03, 2025 AJN Resources Inc., Annual General Meeting, Dec 03, 2025. New Risk • Sep 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% 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 (26% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.70m market cap, or US$4.10m). Bekanntmachung • Aug 19
AJN Resources Inc. announced that it expects to receive CAD 0.5 million in funding AJN Resources Inc announced a non-brokered private placement offering to issue 4,166,666 units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 499,999.92 on August 18, 2025. Each Unit will consist of one common share and one share purchase warrant where each Warrant will entitle the holder to purchase one additional common share (Warrant Share) at an exercise price of CAD 0.15 per Warrant Share for a four year period. A finder’s fee may be payable with respect to a portion of the Offering. The securities issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The issuance of the Units will not result in a change of control or materially affect control of the Company Bekanntmachung • Jun 19
AJN Resources Inc. announced that it has received CAD 0.156 million in funding On June 18, 2025, AJN Resources Inc. closed the transaction. The company announced that it has 1,300,000 Units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 156,000. Each Unit is comprised of one common share and one share purchase warrant (Warrant), where each Warrant entitles the holder to purchase one additional common share (Warrant Share) at an exercise price of CAD 0.15 per Warrant Share for a four year period. In connection with the private placement the Company has paid a finder’s fee comprised of CAD 9,360 cash and 78,000 Warrants. The securities issued pursuant to the private placement and debt settlement, and any Warrant Shares to be issued on the exercise of Warrants are restricted from trading until October 19, 2025. Bekanntmachung • May 25
AJN Resources Inc. announced that it expects to receive CAD 0.5 million in funding AJN Resources Inc. announced a non-brokered private placement that it will issue up to 4,166,667 units at an issue price of CAD 0.12 per unit for the gross proceeds of up to CAD 500,000.04 on May 23, 2025. Each Unit will consist of one common share and one share purchase warrant, where each Warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.15 per Warrant Share for a four year period. A finder’s fee may be payable with respect to a portion of the Offering. The securities issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The issuance of the Units will not result in a change of control or materially affect control of the Company. Board Change • May 02
Less than half of directors are independent 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. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Bekanntmachung • Apr 02
AJN Resources Inc. announced that it has received CAD 0.754 million in funding from Palisades Goldcorp Ltd. On March 31, 2025. AJN Resources Inc. has closed the transaction. it has issued 1,033,333 Units at a price of CAD 0.12 for gross proceeds of CAD 123,999.96 under its second and final tranche. it has issued 6,283,331 units for aggregate gross proceeds of 753,999.72. Bekanntmachung • Mar 15
AJN Resources Inc. announced that it expects to receive CAD 0.5 million in funding from Palisades Goldcorp Ltd. AJN Resources Inc. announced a non-brokered private placement of 4,166,666 units at a price of CAD 0.12 per unit for the gross proceeds of CAD 499,999.92 on March 14, 2025. Each Unit will consist of one common share and one share purchase warrant, where each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.15 per Warrant Share for a four year period. A finder’s fee may be payable with respect to a portion of the Offering. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. The transaction will include participation from Palisades Goldcorp Ltd. Board Change • Feb 04
Less than half of directors are independent 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. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Board Change • Jan 20
Less than half of directors are independent 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. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Bekanntmachung • Dec 19
AJN Resources Inc. Announces CFO Changes AJN Resources Inc. announced the appointment of Philip Knowles as its CFO, replacing Mark Gasson. Mark Gasson continues as the Company's Corporate Secretary. Mr. Knowles is a fellow chartered and certified accountant. He commenced his career as an auditor at Princecroft Willis and subsequently held financial controller and chief financial officer roles at Firestone Diamonds and Stellar Diamonds, respectively. He was formerly chief financial officer and later chief executive officer of the Asset Exchange Group prior to taking on a consultant role as chief financial officer at Silvertree Partners. He currently holds the position of CFO at Rome Resources Plc, an AIM listed company that is focused on mineral exploration in the Democratic Republic of the Congo. Mr. Knowles holds a Bachelor in Accounting and Finance from the University of Exeter and a Master of Business Administration in Global Business from Oxford Brookes University. The Company thanks Mr. Gasson for his services as CFO of the Company. Board Change • Nov 25
Less than half of directors are independent 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. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Bekanntmachung • Nov 20
AJN Resources Inc. announced that it has received CAD 0.7417 million in funding On November 19, 2024, AJN Resources Inc. closed the transaction. The company announced that it has issued 6,180,833 units at an issue price of CAD 741,699.96. Each Unit will be comprised of one common share and one share purchase warrant (Warrant), where each Warrant will entitle the holder to purchase one additional common share (Warrant Share) at an exercise price of CAD 0.15 per Warrant Share for a two year period. The company paid a cash finder's fee of CAD 5,400 and issued 45,000 warrants to Canaccord Genuity Corp. for services provided to the company as a finder with respect to the private placement subscription by one of the private placement placees. The securities issued pursuant to the private placement and any warrant shares to be issued on the exercise of warrants are restricted from trading until March 20, 2025. Bekanntmachung • Nov 12
AJN Resources Inc. announced that it expects to receive CAD 0.6517 million in funding AJN Resources Inc. announced a non-brokered private placement of 5,430,833 units at an issue price of CAD 0.12 per Unit for gross proceeds of CAD 651,699.96 on November 11, 2024. Each Unit will be comprised of one common share and one share purchase warrant (Warrant), where each Warrant will entitle the holder to purchase one additional common share (Warrant Share) at an exercise price of CAD 0.15 per Warrant Share for a two year period. The Company has agreed to pay a cash finder’s fee of CAD 5,400 and issue 45,000 Warrants with respect to the private placement subscription by one of the private placement placees. The securities to be issued pursuant to the private placement, and any Warrant Shares to be issued on the exercise of Warrants will be subject to a four-month statutory hold period. The transaction will include participation from one insider of the Company in the private placement. Bekanntmachung • Oct 19
AJN Resources Inc. Provides an Operational Update on Its Manono Northeast Lithium Project in DRC AJN Resources Inc. provided an update on its activities at the Manono Northeast Project, Tanganyika Province, DRC. Results for recently completed diamond and RC drilling programmes announced July 3, 2024, are expected by month end. The Manono Northeast pegmatites are interpreted to coincide with the continuation of the 400Mt high grade pegmatites defined at Manono onto PR 15282. Spodumene and minor lepidolite mineralisation were identified in both diamond holes drilled on a single fence line which intersected an 80 to 100m wide, flat dipping pegmatitic zone in granite which was defined over a minimum of 300m at surface from reverse circulation (RC) drilling. The RC drilling intersected blocky quartz interpreted to represent pegmatites from two additional areas suggesting pegmatites were intersected over a strike length of 4km. Once received, these results will be analysed and will assist the Company in determining the way forward with respect to further exploration on the Manono Northeast Project. Bekanntmachung • Oct 15
AJN Resources Inc., Annual General Meeting, Dec 11, 2024 AJN Resources Inc., Annual General Meeting, Dec 11, 2024. Board Change • Sep 20
Less than half of directors are independent 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. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor 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. Negative equity (-CA$27k). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.63m market cap, or US$3.38m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Bekanntmachung • Aug 15
AJN Resources Inc. announced that it has received CAD 0.5 million in funding On August 14, 2024, AJN Resources Inc. closed the transaction. The company announced that it has issued 5,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 500,000. Each unit comprises one common share and one share purchase warrant, where each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.15 per warrant share for a four-year period. In addition, the company included participation with another director in the private placement for CAD 20,000 or 200,000 units, and another insider for CAD 130,000 or 1,300,000 units, approximately 46.2 per cent of the total number of units issued pursuant to the private placement and the debt settlement. The securities issued pursuant to the private placement and the debt settlement, and any warrant shares to be issued on the exercise of warrants, are restricted from trading until December 15, 2024. Bekanntmachung • Jul 17
AJN Resources Inc. announced that it expects to receive CAD 0.5 million in funding AJN Resources Inc. has arranged a non-brokered private placement offering to issue 5,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 500,000 on July 16, 2024. Each unit will consist of one common share and one share purchase warrant, where each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.15 per warrant share for a four-year period. A finder's fee may be payable with respect to a portion of the offering. The securities issued and issuable pursuant to the offering and the debt settlement transaction will be subject to a four-month-and-one-day statutory hold period. The issuance of the units will not result in a change of control or materially affect control of the company. New Risk • Apr 02
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$2.4m 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$2.4m free cash flow). Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.81m market cap, or US$5.75m). Minor Risk Shareholders have been diluted in the past year (47% increase in shares outstanding). Board Change • Mar 14
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Bekanntmachung • Feb 01
AJN Resources Inc. Announces Commencement of Drilling At Its Manono Northeast Project, Tanganyika Province, DRC AJN Resources Inc. announced that the Company has commenced percussion drilling on its Manono Northeast Project (PR's 15282 and 14537). Local Congolese drilling company MB Exploration SARL has been contracted to drill three drill fence lines for approximately 6,000m of drilling and will test the potential continuation of the Manono pegmatites over approximately 7 km within the project area. Drill holes will be drilled at 50m centres down to a maximum depth of 50m or until bedrock can be clearly identified. Drill holes will be orientated along lines perpendicular to the regional trend and will identify the underlying geology including any pegmatites, which are expected to transgress the Manono Northeast Project area. To date the Company has carried out numerous pitting and stream sediment sampling programmes at its Manono Northeast Project, which have led to the identification of tin mineralization and grades of up to 400ppm lithium (Li). These strong results highlight the potential for the lithium-caesium-tantalum (LCT) pegmatites at Manono to continue onto the Manono Northeast Project. Furthermore, the northernmost trench at the Manono project, which was announced to have intersected near surface lithium bearing pegmatites, is located only 7 km to the southwest of the Manono Northeast Project boundary. At Manono, historic mapping has shown that pegmatites lie relatively close to the main granite contact in the southeast. This pegmatite bearing zone has been interpreted to continue onto PR 15282 where it lies adjacent to a number of granite outcrops mapped at surface and is a primary drill target. In addition, the Company recently completed a stream sediment sampling programme where 15 kg samples were panned to produce concentrates of 50 - 100 g, which were then analysed using a Niton XRF for field indications. This programme identified significant tin mineralization in the central portion. All streams in the area flow towards the north or northwest, suggesting that a second mineralized source potentially exists in the central portion of PR 15282. Both targets will be tested in the current drilling programme. QP Statement. Mr. Stephen Alan Mawson is a consultant of AJN Resources Inc. and qualified geologist and is a registered Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions and a member of the Geological Society of South Africa. Mr. Mawson is a qualified person under NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. Board Change • Dec 12
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Board Change • Nov 24
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Bekanntmachung • Oct 20
AJN Resources Inc., Annual General Meeting, Dec 11, 2023 AJN Resources Inc., Annual General Meeting, Dec 11, 2023. New Risk • Oct 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CA$723k). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.3m market cap, or US$9.70m). Minor Risk Shareholders have been diluted in the past year (47% increase in shares outstanding). New Risk • Aug 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 47% This is considered a minor 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. Negative equity (-CA$723k). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.6m market cap, or US$7.80m). Minor Risk Shareholders have been diluted in the past year (47% increase in shares outstanding). New Risk • Aug 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 47% This is considered a minor 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. Negative equity (-CA$723k). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.6m market cap, or US$7.80m). Minor Risk Shareholders have been diluted in the past year (47% increase in shares outstanding). Bekanntmachung • Aug 15
AJN Resources Inc. announced that it has received CAD 3.35375 million in funding On August 14, 2023, AJN Resources Inc., closed the transaction. The company issued 13,415,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 3,353,750 in the transaction. As a part of transaction, the company has agreed to pay finders' fees totaling CAD 156,525 in cash and 626,100 warrants, which warrants are exercisable at 30 cents per share on or before Aug. 11, 2025 Bekanntmachung • Jul 06
AJN Resources Inc. Completes Reconnaissance Mapping and Sampling Programme on its Kabunda South Project AJN Resources Inc. announced that it has completed a reconnaissance mapping and sampling programme on its Kabunda South Project. Key outcomes from the program include: Spodumene within pegmatites visually identified across the full 7km strike extent of the permit. Assay results from sampling expected in August. Steeply dipping pegmatites mineralized in spodumene were identified over widths of between 50m to 200m over a strike extent of 1.5kms in the northern area of the permit. This area prioritized for follow up pitting and drilling. Follow up pitting is in progress and the Company is aiming to mobilise drill rigs and commence drilling late third quarter /early fourth quarter 2023. Pitting will also target identification of additional pegmatites under cover in the southern area. Kabunda South Project, PR 15383 (AJN earning 75%) The Kabunda South Project (PR 15383 or the Project) is located roughly 120km southeast of the world class Manono Lithium and Tin Project and the Company's recently acquired PR 15282, both of which lie within the broader pegmatite bearing belt which covers roughly 500km in the eastern Democratic Republic of the Congo (DRC) and is strongly associated with lithium, tin, tungsten, tantalum, niobium and beryllium mineralisation. The Project lies in the Kabunda Pegmatite Corridor, within the Manono Region, Tanganyika Province of the DRC. The Project is located roughly 500kms north of Lubumbashi and can be accessed by road from Lubumbashi or Manono. The Company has recently completed a reconnaissance mapping and sampling programme at the Project, being the first modern exploration work undertaken in the area. Pegmatites with spodumene have been visually identified over 7km on the project area. Surface mapping has identified the northern 1.5km to be the most prospective based on extent of exposed pegmatites with visible spodumene at surface. A pitting programme which will identify the true width potential of pegmatites under surficial cover has commenced on traverses. The most significant pegmatite exposures with spodumene mineralisation were identified in the northern 1.5km of the licence area. The main pegmatite body has intruded granites and is exposed over 200m width at its northern extent and over 50m in the southern portion of the priority target area. Additional, narrower parallel pegmatite veins with spodumene were identified to the west and east of the main pegmatite zone and will be followed up with future exploration. Pitting traverses are currently being excavated and will potentially identify pegmatites which have not been exposed at surface. A total of 116 samples were collected on the licence in which visible spodumene was identified at 36 locations. Samples will be prepared in Lubumbashi and a representative pulp sample will be sent to ALS Global in Ireland for analysis. Results are expected in early August. The Company intends to conduct a short drilling programme over the northern priority area within the coming 3 - 4 months when a lower rainfall is expected in the region. Board Change • Jul 01
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Board Change • May 25
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Board Change • Apr 03
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). Independent Director Jacky Chan 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. Insufficient board refreshment. Board Change • Nov 16
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 Director Jacky Chan 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. Bekanntmachung • Oct 15
AJN Resources Inc., Annual General Meeting, Dec 14, 2022 AJN Resources Inc., Annual General Meeting, Dec 14, 2022. Bekanntmachung • Jul 01
AJN Resources Inc. announced that it has received CAD 0.125 million in funding On June 30, 2022, AJN Resources Inc. closed the transaction. The company amended the terms of the transaction. The company issued 312,500 of its units at a price of CAD 0.40 per unit for gross proceeds of CAD 125,000. Each unit is comprised of one common share and one share purchase warrant with each warrant exercisable at CAD 0.50 per share on or before June 23, 2023. The securities issued pursuant to the private placement and any shares to be issued on the exercise of warrants are restricted from trading until October 23, 2022. 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. 4 non-independent directors. Independent Director Jacky Chan 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. Is New 90 Day High Low • Feb 10
New 90-day high: CA$0.39 The company is up 63% from its price of CA$0.24 on 11 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Is New 90 Day High Low • Feb 03
New 90-day high: CA$0.31 The company is up 24% from its price of CA$0.25 on 29 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: CA$0.30 The company is up 5.0% from its price of CA$0.28 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: CA$0.20 The company is down 36% from its price of CA$0.32 on 13 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 4.0% over the same period. Bekanntmachung • Sep 19
Ajn Announces Completion of Drilling At Salt Wells Lithium Project The difficult access on soft ground to the second hole and the loss of this hole at 100 feet meant the drilling was only partially successful. Lithium and boron values were similar to the first hole drilled with no economic grades detected. Although boron values are anomalous, AJN's target is lithium at Salt Wells. Lithium values in the sediments drilled were minimal. With this in mind, AJN has decided to drop the project while it pursues other opportunities. 
