New Risk • Apr 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 349% 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 Shares are highly illiquid. Negative equity (-CA$1.5m). Shareholders have been substantially diluted in the past year (349% 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$16.3m). Bekanntmachung • Apr 13
Skeleton Coast Uranium Corp. announced that it has received CAD 5 million in funding On April 13, 2026, Skeleton Coast Uranium closed the transaction. In connection with completion of the Offering, the Company paid finder’s fees of CAD 138,301.89 and issued 1,024,458 non-transferable finder’s warrants (the “Finder Warrants”) to certain arms-length parties who introduced subscribers to the Offering. The Finder Warrants are exercisable on the same terms as the Warrants. All securities issued in connection with the Offering are subject to restrictions on resale until August 11, 2026, in accordance with applicable securities laws. The Offering included subscriptions from four insiders of the Company in the aggregate amount of 1,100,000 Units Board Change • Mar 17
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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Feb 24
Glacier Lake Resources Inc. announced that it expects to receive CAD 5 million in funding Glacier Lake Resources Inc announced a private placement to issue 37,037,037 post-Consolidation units at an issue price of CAD 0.135 for the proceeds of CAD 4,999,999.995 on February 23, 2026. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of CAD 0.20 per share for a period of 24 months from closing. Closing of the Financing is expected to occur on or before April 2, 2026, subject to receipt of all required regulatory approvals, including approval of the TSXV. All securities issued will be subject to a hold period of four months and one day in accordance with applicable securities laws. Board Change • Feb 06
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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 25
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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 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. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Allan Glowach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 10
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. 5 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen 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 • Jun 26
Glacier Lake Resources Inc., Annual General Meeting, Aug 21, 2024 Glacier Lake Resources Inc., Annual General Meeting, Aug 21, 2024. Location: british columbia, vancouver Canada Board Change • May 15
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. 5 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen 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 • Feb 26
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 Director Gordon Friesen 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. Board Change • Feb 01
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 Director Gordon Friesen 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. Board Change • Nov 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. 2 non-independent directors. Independent Director Gordon Friesen 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 • Nov 18
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$27k 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 Less than 1 year of cash runway based on free cash flow trend (-CA$307k free cash flow). Shares are highly illiquid. Negative equity (-CA$27k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.27m market cap, or US$927.7k). Board Change • Nov 14
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 Director Gordon Friesen 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. Board Change • Oct 07
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 Director Gordon Friesen 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. Board Change • Sep 07
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 Director Gordon Friesen 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. Board Change • Jun 30
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Bekanntmachung • May 19
Glacier Lake Resources Inc. Provides Update on Acquisition of Kalahari Palladium-Platinum Project Glacier Lake Resources Inc. announced that it is continuing to work towards satisfaction of the remaining conditions to completion of its proposed acquisition of the Kalahari Palladium-Platinum Project located in the Magisterial District of Vryburg in North West South Africa. KalPlats is a palladium-rich project located approximately 350 kilometres west of Johannesburg in the North West Province of South Africa. Completion of the Transaction remains subject to a number of conditions, which include the Company completing a financing of at least CAD 15,000,000 and receipt of any required regulatory approvals, including the approval of the TSX Venture Exchange. In order to ensure sufficient time to satisfy the remaining conditions, the Owners have agreed to further extend the outside date for completion of the Transaction through until July 31, 2023. The Transaction cannot be completed until these conditions have been satisfied, and there can be no assurance that the Transaction will be completed in a timely fashion, or at all. Board Change • Apr 18
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • Nov 23
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • Oct 06
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • Sep 20
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • Sep 02
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • Jul 18
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • May 26
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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 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. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Gordon Friesen is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. 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 • Mar 28
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. CEO, President & Non Independent Director Saf Dhillon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Feb 19
Glacier Lake Resources Inc., Annual General Meeting, Apr 20, 2022 Glacier Lake Resources Inc., Annual General Meeting, Apr 20, 2022. Board Change • Dec 29
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. CEO, President & Non Independent Director Saf Dhillon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 28
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. CEO, President & Non Independent Director Saf Dhillon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 01
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. CEO, President & Non Independent Director Saf Dhillon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
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. CEO, President & Non Independent Director Saf Dhillon was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • May 07
Glacier Lake Resources Inc. announced that it has received CAD 2 million in funding On May 6, 2021, Glacier Lake Resources Inc. (TSXV:GLI) closed the transaction. The company paid CAD 7,600 and issued 56,000 units to eligible parties who assisted in introducing subscribers to the company. The warrants will expire on May 6, 2024. All securities to be issued are subject to a statutory hold period until September 7, 2021 Bekanntmachung • Apr 09
Glacier Lake Resources Inc. announced that it expects to receive CAD 1.5 million in funding Glacier Lake Resources Inc. (TSXV:GLI) Announced a non-brokered private placement of 6,000,000 post consolidation units at issue price of $0.25 per unit for gross proceeds of $1,500,000 on April 7, 2021. Each post consolidation unit consists of one post consolidated common share and one-half of one share purchase warrant. Each warrant shall entitle the holder to purchase additional post-consolidated share of the company at a price of CAD 0.35 per share for a period of 36 months from the closing of the transaction. The company may pay finders fees to eligible parties in relation to the transaction. All the securities to be issued in the transaction shall have a hold period of four month and one day from the closing of the transaction. The completion of the transaction shall remain subject to approval from TSX Venture Exchange and completion of the consolidation. Bekanntmachung • Aug 07
Glacier Lake Resources Inc. Auditor Raises 'Going Concern' Doubt Glacier Lake Resources Inc. filed its Annual on Jul 29, 2020 for the period ending Mar 31, 2020. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.