Bekanntmachung • Jan 12
Olivut Resources Ltd., Annual General Meeting, Mar 18, 2026 Olivut Resources Ltd., Annual General Meeting, Mar 18, 2026. Location: jasper east, alberta, Canada New Risk • Mar 20
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$666k 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$666k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.71m market cap, or US$2.59m). Bekanntmachung • Jan 17
Olivut Resources Ltd. Provides Exploration Update Olivut Resources Ltd. provided an exploration update for the 2024 field program conducted on the Seahorse Project. A mini bulk sample was collected to follow-up previously reported extremely positive results of one macrod diamond of greater than 1mm and 19 microdiamonds found in heavy mineral beach sand concentrates taken from the same area. Several of these previously reported microdiamonds have features that indicate they are fragments of larger diamonds. A drill program is in the process of being planned to test the large main Seahorse geophysical target as well as related targets. The 2024 mini bulk sample program was carried out simultaneously with the required staking program maximizing logistical benefits. Thus, one hundred and eighty-three (183) samples were collected of +0.5mm to -1.0mm and+1.0mm to -3.5mm beach material. Of these, the budgeted fifty-one (51) samples (averaging approximately 7 kg per sample) of the coarser size fraction were analyzed using caustic fusion by Saskatchewan Research Council ("SRC"). No macro diamonds were recovered. Dilution resulting from wave action is a probable explanation. Analysis of the remaining 132 samples will not be conducted at this time as drill testing of the main Seahorse target is considered the priority given the previously recovered 19 microdiamonds and the macrodiamond, as well as the presence of relatively large pyrope grains recovered from 2024 caustic fusion. Ongoing preliminary examination of the 51 sample residues by Dr. Malcolm McCallum and associate in laboratory facilities located in Loveland, Colorado, indicate that these coarse samples contain very few heavy minerals relative to the diamond bearing samples collected in previous field programs that were taken proximally to the main Seahorse target. These 51 samples have been reduced by caustic fusion to generally less than only two grams per sample indicating that the original sample was comprised primarily of diluting lighter, silicate grains. In contrast, the previous diamond bearing samples were obtained by careful collection of only very fine grained (>95% less than 0.5mm), heavy mineral rich beach sands. One unscreened 2024 sample (apparently mostly <0.5mm) collected under shallow water and near shore, was analyzed by SRC using Inductively Coupled Plasma (“ICP”). Relative to previous program samples of similar grain size, this sample had relatively elevated levels of potassium, aluminum and sodium which could be expected due to the presence of observed clay minerals. This also supports the probable dilution explanation. Otherwise, the material had similar chemistry to that of previously reported samples containing microdiamonds. The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size based on a combination of: caustic fusion results including 19 microdiamonds and one macrodiamond; 2019 drill program results; favourable diamond stability field indicator minerals found regionally and locally, including 18 macro diamonds found down-ice in regional samples to the west and northwest; specific geophysical targets; regional and local faults that would favour kimberlite emplacement; occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area. The Seahorse Project is a 50/50 joint venture (“JV”) between the Company and Talmora Diamond Inc. Future work programs, including the drill program planned for the main Seahorse target referred to above, will require additional financing to be obtained by the JV partners. Olivut is a diamond exploration company with a 100% mineral interest in the HOAM Project (the “HOAM Project”) and a 50% interest in the Seahorse Project. Both projects are located in Canada’s Northwest Territories. The HOAM Project has numerous drill ready targets. Bekanntmachung • Jan 13
Olivut Resources Ltd., Annual General Meeting, Mar 19, 2025 Olivut Resources Ltd., Annual General Meeting, Mar 19, 2025. Location: alberta, jasper east Canada New Risk • Sep 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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. High level of non-cash earnings (564% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.12m market cap, or US$3.03m). Minor Risk Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Bekanntmachung • Sep 12
Olivut Resources Ltd. announced that it has received CAD 0.597 million in funding Olivut Resources Ltd. announced a non-brokered private placement of 7,462,500 common shares at a price of CAD 0.08 per share for the gross proceeds of CAD 597,000 on September 11, 2024. The Common Shares are subject to resale restrictions pursuant to applicable securities laws requirements and will not be freely tradable until four months after the date of issue. Closing of the Private Placement is subject to final approval from the TSX Venture Exchange. The transaction will include participation from Leni Keough, President and Chief Executive Officer and a director of the company for 625,000 common shares and Pierre Lassonde, an insider of the company, purchased 500,000 common shares. Bekanntmachung • Feb 05
Olivut Resources Ltd. Provides Exploration Update Olivut Resources Ltd. provided an exploration update. Results of a recent sampling program on the Seahorse Project, a 50/50 joint venture between the Company and Talmora Diamond Inc., have become available. Saskatchewan Research Council (‘SRC’) has reported the recovery of 18 microdiamonds (<0.5mm) from caustic fusion analysis of a 323.35 kg sample of beach sand heavy mineral concentrate taken proximal to the main Seahorse target. The beach sand sample was collected from paleo strand line material, naturally concentrated through wave action and typically fine grained in small lakes. More than 95% of the analyzed material was less than 0.5 mm in grain size, which would limit the probability of the recovery of any macro diamonds (>0.5 mm). The mini bulk sample was taken to follow-up on the previously reported one macrodiamond, one microdiamond, two G-9 pyrope garnets and a picroilmenite identified in a small 1.8 kg sample taken from the same location. The identification of 19 microdiamonds and one macrodiamond from these sediment samples proximal to geophysical targets is extremely positive and very encouraging, as it is very rare to identify microdiamonds or macrodiamonds in field sediment samples. Five stream samples also were obtained in the general region close to the Seahorse target. Four pyrope garnets in addition to numerous picroilmenites and chromites were identified by SRC in these samples. It has been previously reported that heavy minerals such as opaque oxides (rutile, pseudorutile, ilmenite, titanium magnetite, chromite), garnet of various compositions, Rare Earth Element (‘REE’) minerals (allanite, monazite), zircon, barite and hypersthene are concentrated in the less than 1mm fraction of beach samples. In addition to promoted REE values, the beach sand also contained significantly promoted titanium oxide (‘TiO2’), zirconium and barium in heavy mineral concentrates. In light of these results, planning for next steps is underway and will be reported to shareholders when available. The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size and perhaps other mineral deposits, based on a combination of: the recent caustic fusion results; REE and TiO2 results; 2019 drill program results; favourable diamond stability indicator minerals found regionally and locally, including 18 macro diamonds found down-ice in regional samples to the west and northwest; specific geophysical targets; regional and local faults that would favour kimberlite emplacement; occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area. There is no known historical detailed exploration work in the region. Due to its remoteness, the project area must be supplied by small aircraft and helicopter. Separately, on the HOAM Project, numerous targets are drill ready and a detailed helimag program is proposed for additional regional geophysical anomalies in order to finalize the drill priority list. Completion of the HOAM work program is contingent on the raising of additional funds. Bekanntmachung • Jan 12
Olivut Resources Ltd., Annual General Meeting, Mar 19, 2024 Olivut Resources Ltd., Annual General Meeting, Mar 19, 2024. Location: Jasper East, Alberta Canada Bekanntmachung • Sep 01
Olivut Resources Ltd. Announces Addition of Mr. Kenny Ruptash to the Board of Directors of the Corporation Olivut Resources Ltd. announced the addition of Mr. Kenny Ruptash to the Board of Directors of the Corporation. Currently, Mr. Ruptash serves as President of Nahanni Construction, based in Yellowknife, Northwest Territories (NWT). Over the past 20 years he has played a significant role in northern mine development and reclamation, gaining expertise in the construction and remediation of mine sites. During this time, he has been involved in the construction of mines in the NWT and Nunavut (“NU”), as well as in the reclamation of major legacy mine sites such as the Lupin, Tundra and Giant Mines. His extensive experience has given him a deeper understanding of northern Canada while providing insight into the challenges and opportunities associated with extremely remote mining operations. Mr. Ruptash is also currently serving his second term as the President of the NWT/NU Chamber of Mines which advocates for the interests of mining and exploration companies and promotes sustainable practices. He is a second-term director of the Business Development Investment Corporation, a government lending facility that supports businesses in the NWT. He is committed to empowering Indigenous communities and creating economic opportunities for Northern entrepreneurs and served as the Chair of the Métis Dene Development Fund. Mr. Ruptash is a graduate of the University of Victoria, B.C. with a BSc. Honours Double Major Math and Statistics. His extensive experience will be a significant asset and the Olivut team looks forward to working with him. Bekanntmachung • Aug 24
Olivut Resources Ltd. announced that it has received CAD 0.305 million in funding Olivut Resources Ltd. announced a non-brokered private placement that it has issued 6,100,000 common shares at a price of CAD 0.05 per share for the aggregate gross proceeds CAD 305,000 on August 22, 2023. The common shares are subject to resale restrictions pursuant to applicable securities laws requirements and will not be freely tradable until four months after the date of issuance. The company paid a finder’s fee of CAD 2,500 equal to 5% of certain gross proceeds of the private placement. The transaction is subject to the approval of TSX Venture Exchange.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees including existing insider involvement of one insider for 1,000,000. Bekanntmachung • Jul 18
Olivut Resources Ltd. Provides Exploration Update Olivut Resources Ltd. provided an exploration update. Results of recent further sample analyses from the Seahorse Project, a 50/50 joint venture between the Company and Talmora Diamond Inc., have become available. Saskatchewan Research Council has reported the recovery of one macrodiamond from caustic fusion analysis of a beach sand heavy mineral concentrate sample weighing 1.8 kg taken proximal to the main Seahorse target. The macrodiamond has dimensions of approximately 1.9mm x 1.4mm and weighs 5.2628 mg. The diamond is described as off-white, transparent, distorted, octahedral, and having minor resorption with inclusions and surface pitting. In addition, Dr. Malcolm McCallum and associate in laboratory facilities located in Loveland, Colorado, have identified a microdiamond. Bekanntmachung • Jul 14
Talmora Diamond Inc. and Olivut Resources Ltd. Provide Exploration Update on Seahorse Project Talmora Diamond Inc. reported that Olivut Resources Ltd. operators of the Seahorse Project, a 50/50 joint venture between the Company and Olivut has informed the Company that they found a small crystal (<0.5mm) in lakeshore beach concentrate that looks like a diamond but the crystal cannot be verified for fear of losing it with further handling. Olivut does not believe the crystal is significant because it is small and could have been carried in glaciers from anywhere up-ice. However, Olivut has submitted additional beach concentrate for caustic fusion analysis which will confirm its significance or otherwise in the next few weeks. The crystal was found in a portion of a 0.74kg natural concentrate collected from a Seahorse Lake beach. Saskatchewan Research Council (SRC) analysed from this sample 116 kimberlitic and possibly kimberlitic chromites, 4 pseudorutiles and 2 Mn-ilmenites. In a similar sample weighing 1.6kg SRC analysed 97 kimberlitic and possibly kimberlitic chromites, 2 G-9 pyropes, I picro-ilmenite and 1 pseudorutile. In a third sample of normal beach sand weighing 5.9kg SRC analysed 30 kimberlitic and possibly kimberlitic chromites, 1 picro-ilmenite and 2 Mn-ilmenites. The beach that was sampled is on and partly up-ice of one of the Seahorse anomalies and is 1 kilometer to the side of the Main anomaly under Seahorse Lake. The kimberlite indicator minerals (KIMs) may have been brought in by glaciation because part of the beach sediment is certainly derived from overlying glacial till which up-ice is thin and clay rich. The Seahorse shoreline is sandy in contrast to the muddy lakes in the dolomite country to the east which is covered by clay rich till. There is probably a large Tertiary marine component in the beach sediment because the Tertiary Sea may have reached inland as far as Seahorse Lake and eroded pre-existing Cretaceous sediments that could have protected from Eocene weathering any silicate KIMs derived from nearby kimberlites. The Tertiary Sea would also erode the Main anomaly which would have been weathered during the Eocene thermal maximum. Pseudorutile may reflect a weathered kimberlite. It does not travel well in glacial ice. The Seahorse Lake un-weathered pyropes and picro-ilmenites are not characteristic of the Horton Seahorse area tills where the pyropes are corroded with colour loss and picro-ilmenites have diagenetic rutile coatings. However, the un-weathered KIMs could be derived from the Cretaceous sediments that protected them from weathering until they were redistributed in Tertiary sediments that could then overly weathered kimberlite. It is also possible that the glacial ice entering Seahorse Lake over a high ridge may have scoured deep enough into a weathered kimberlite to reach relatively fresh rock. A short summer field program is planned that will sample the down-ice end of Seahorse Lake and include gravitating a bulk sample of beach sediment to recover KIMs. As a result of Eocene weathering pyrope garnets are generally missing from glacial trains in the area but 4 pyrope garnets were recovered from glacial till by Sanatana just down-ice of the Main target indicating that glaciation may have scoured Cretaceous sediments or scoured the Main target sufficiently deep to reach relatively fresh kimberlite. The company expects to recover sufficient pyrope grains to better judge the mineral chemistry of the local targets. Also, The Company intends to protect the targets within the larger Prospecting Permit boundaries as current legislation requires The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size based on 2019 drill program results, favourable diamond stability indicator minerals found regionally and locally, including 15 macro or near macro diamonds found in regional stream samples to the west and 3 in regional till samples down-ice to the NNE, specific geophysical targets, regional and local faults that would favour kimberlite emplacement, occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area. Bekanntmachung • Jun 08
Olivut Resources Ltd. Provides Exploration Update Olivut Resources Ltd. provided an exploration update. Results of recent further analyses of samples from the Seahorse Project, a 50/50 joint venture between the Company and Talmora Diamond Inc., have become available. Selected samples from the Seahorse Project were recently sent to Saskatchewan Research Council's new rare earth element facility established in 2022 for the purpose of conducting rare earth analyses. The Company applied for and was awarded a research grant during late 2022 that covered all costs relating to SRC's more detailed investigation of the REE content of the homogeneous clays intersected during the 2019 drill program. These REE levels are generally higher than, or consistent with, levels of REE detected in clays found to occur over some identified kimberlites in some locations of the world (western Australia and Namibia). Results received in February 2023 for this evaluation confirmed previous results and warranted further investigations regarding REE potential of materials in the vicinity. The beach sand that was collected during 2018, analyzed for kimberlitic indicator minerals ("KIMs") and subject to geochemical analysis, also had elevated REE content. As a result of the recent 2023 SRC REE evaluation of the clays, the beach sand concentrates were treated and are in the process of being microscopically re-examined by Dr. Malcolm McCallum and associate in laboratory facilities located in Loveland, Colorado, in an attempt to determine the source of the REE content. Dr. McCallum's evaluation of the beachands indicates that heavy minerals such as opaque oxides (rutile, pseudorutile, ilmenite, titanium magnetite, chromite), garnet of various compositions, REE minerals (allanite, monazite), zircon, barite and hypersthene are concentrated in the less than 1mm fraction. A sample of these <1mm concentrates that was recently sent to SRC for additional geochemical analysis reconfirmed elevated REE content. In addition to elevated REE values, the beach sand also contains significantly elevated titanium oxide (“TiO2”), zirconium and barium in heavy mineral concentrates. Consequently, more extensive investigation of these beach sands is warranted. During the 2023 field season the Company intends to protect its targets within the larger prospecting permit boundaries as current legislation requires. Furthermore, as part of these field operations, and depending on results of the ongoing geochemical evaluations, further sampling is intended to ascertain heavy mineral potential in the immediate vicinity. The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size and perhaps other mineral deposits, based on a combination of the recent REE and TiO2 results; 2019 drill program results; favourable diamond stability indicator minerals found regionally and locally, including 18 macro diamonds found down-ice in regional samples to the west and northwest; specific geophysical targets; regional and local faults that would favour kimberlite emplacement; occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area. This region has been subjected to no known previous detailed exploration work. Due to its remoteness, the project area must be supplied by small aircraft and helicopter. Numerous targets are drill ready on the HOAM Project and a detailed helimag program is proposed for additional regional geophysical anomalies in order to finalize the drill priority list. Completion of this work program is contingent on the raising of additional funds. The Company will report further details once they are available. Board Change • May 26
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. No experienced directors. 3 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2007. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 19
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. No experienced directors. 3 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2007. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 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. No experienced directors. 3 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2007. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jan 28
Olivut Resources Ltd. announced that it has received CAD 0.3 million in funding Olivut Resources Ltd. announced a private placement that it has issued 6,000,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 300,000 on January 27, 2023. The company has issued common shares in the transaction. The transaction has been approved by the board of directors. Bekanntmachung • Jan 07
Olivut Resources Ltd., Annual General Meeting, Mar 22, 2023 Olivut Resources Ltd., Annual General Meeting, Mar 22, 2023. Board Change • Nov 16
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. 2 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 24
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. 2 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
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. 2 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
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. 2 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 18
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. 2 highly experienced directors. Independent Chairman of the Board Sharon Dowdall was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jan 16
Olivut Resources Ltd., Annual General Meeting, Mar 24, 2021 Olivut Resources Ltd., Annual General Meeting, Mar 24, 2021. Bekanntmachung • Dec 23
Olivut Resources Ltd. announced that it has received CAD 0.4 million in funding Olivut Resources Ltd. (TSXV:OLV) announced a non-brokered private placement of 5,000,000 common shares at a price of CAD 0.8 for gross proceeds of CAD 400,000 on December 22, 2020. The common shares are subject to resale restrictions pursuant to applicable securities laws requirements and will not be freely tradable until four months from closing. The transaction is included participation from insider Pierre Lassonde for 1,250,000 Common Shares and owns or controls 8,097,000 common shares or approximately 12.9% of the total common shares issued and outstanding after the transaction. The shares issued to Lassonde is less than 25% of the market capitalization of the Company. The transaction was approved by TSX Venture Exchange and unanimously by the board of directors. 
