New Risk • Jan 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 No financial data reported. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$23.4m market cap, or US$17.0m). Anuncio • Jan 02
New Break Resources Ltd. Announces Retirement of Andrew Malim as A Director and as Chairman of the Board New Break Resources Ltd. at its AGM held on December 31, 2025, announced that Andrew Malim did not stand for re-election at the Meeting. Mr. Malim had served as a director and as Chairman of the Board since April 11, 2022. Anuncio • Jan 01
New Break Resources Ltd. announced that it has received CAD 1.0098 million in funding On December 31, 2025, New Break Resources Ltd. closed the transaction. The company announced that it has issued 2,805,000 flow-through common shares at an issue price of 0.36 per FT Share for gross proceeds of CAD 1,009,800. . The Company will renounce such CEE to the purchasers of the FT Shares with an effective date of no later than December 31, 2025. The company paid CAD 36,720 in finder's fees in connection with the closing of the Offering. All securities issued and issuable pursuant to this private placement are subject to a statutory hold period of four months and one day expiring on May 1, 2026, in accordance with applicable Canadian Securities Laws. The completion of the Financing is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including final approval of the Canadian Securities Exchange (the "CSE"). The transaction is oversubscribed. Anuncio • Dec 30
New Break Resources Ltd. announced that it expects to receive CAD 0.5058 million in funding New Break Resources Ltd. announces a non-brokered private placement to issue 1,405,000 flow-through common shares at a price of CAD 0.36 per share for gross proceeds of CAD 505,800 on December 29, 2025. Finders' fees may be payable to qualified individuals pursuant to which the finder may receive a finder fee equal to up to 6% of the gross proceeds received by the company from purchasers under the offering who were introduced to the company by such finder. All securities issued and issuable pursuant to this offering are subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws. The closing of the offering is expected to take place on December 30, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Anuncio • Nov 21
New Break Resources Ltd., Annual General Meeting, Dec 31, 2025 New Break Resources Ltd., Annual General Meeting, Dec 31, 2025. Anuncio • Oct 24
New Break Resources Ltd. Announces Board Changes New Break Resources Ltd. announced the appointment of Mark Fedosiewich and Andrew Thomson to the Company's Board of Directors and Phillip Walford, P. Geo, as a Technical Advisor to the Company. New Break has also expanded its technical team to include Peter Caldbick and Ronnie Therriault. These appointments formalize the involvement by all of these individuals in New Break's recently announced financings and exploration success, building on the Company's new gold discovery at its Moray gold project, located approximately 49 km southeast of Timmins, Ontario. Mark Fedosiewich currently serves as the Chairman of the Board of TSX-V listed Vior Inc., after serving as its President and CEO from 2017 to 2024. He is an Honours Bachelor of Commerce graduate who was involved in the investment industry for over 30 years in a number of senior advisory positions with several prominent investment firms. Mark has established over his successful career, an extensive network of mining executives, experienced high-net-worth resource investors and prominent resource portfolio managers across North America and Europe. Andrew Thomson currently serves as the President and CEO of TSX-V listed Palamina Corp., where he oversees the exploration efforts of a large gold belt in Peru. Prior to that, he served as President and CEO of Soltoro Ltd., which defined a significant silver resource on the El Rayo silver project in southwestern Mexico and was acquired by Agnico Eagle Mines Limited in 2015. Mr. Thomson is an entrepreneur who has been actively exploring in Latin America since 1993. He is fluent in French and proficient in Spanish and also serves as a director of Montero Mining and Exploration Ltd. Phillip Walford, P. Geo, has over 40 years of experience in mine geology and exploration and most recently, was the founder and former President and CEO of Marathon Gold Corporation from 2009 to 2019. Under his leadership, Marathon advanced the four million ounce Valentine gold project in Newfoundland and Labrador, for which he was recognized in 2021 as a co-recipient of the PDAC's Bill Dennis Award for the significant discovery at Valentine. This culminated in the acquisition of Marathon by Calibre Mining Corp. in January 2024 for approximately CAD 345 million. Mr. Walford has held senior management positions at Marathon PGM Corporation, Pamour Porcupine Mines Ltd., Lac Minerals Ltd., Geomaque Explorations Ltd. and Hudson Bay Exploration and Development. He currently serves as a director of Generation Mining Limited and technical advisor to several mining companies. Peter Caldbick, P. Geo, has over 40 years experience in exploration and mining throughout Canada, including the Abitibi greenstone belt in Northern Ontario and Quebec. He served as Vice-President, Exploration for Golden Chalice Resources Inc., where he led the discovery of the Langmuir W4 nickel deposit and Liberty Mines Inc., where he led the discovery of the Hart East nickel deposit. He also served as Chief Geologist for SGX Resources Inc. during their 2012 drilling program on the Moray property. Mr. Caldbick holds a B.Sc. in Geology from University of Toronto and an Environmental Assessment Certificate from Lakehead University. Most recently, Mr. Caldbick performed all of the core logging associated with New Break's summer drilling program at the Moray gold project. Ronnie Therriault, M.Sc., P. Geo, has 25 years experience in mineral exploration, with most of his experience related to Archean gold. Mr. Therriault has served as Senior Geologist with numerous publicly listed junior exploration companies, where his duties included drilling program supervision, core logging and QA/QC implementation. From 2016 to 2021, he served as Mineral Exploration and Development Consultant with the Ontario Ministry of Northern Development and Mines, where he reviewed and made recommendations for exploration permit and plan applications that included consultation with First Nations and GIS compilation work. Mr. Therriault holds an M.Sc. from the University of Western Ontario and is working with New Break to bring its 3D geological modelling of the Moray gold project in house. Anuncio • Jun 17
New Break Resources Ltd. announced that it expects to receive CAD 0.895 million in funding New Break Resources Ltd. announced a non-brokered private placement offering of up to 4,000,000 non-flow-through units at CAD 0.075 per Unit for gross proceeds of up to CAD 300,000 and up to 7,000,000 flow-through common shares ("FT Shares") at a price of CAD 0.085 per FT Share, for gross proceeds of up to CAD 595,000; aggregate gross proceeds of CAD 895,000 on June 16, 2025. Each Unit will consist of one common share and one common share purchase warrant with each Warrant entitling the holder thereof, to purchase one additional Common Share of the Company at a price of CAD 0.12 for a period of twenty-four (24) months from the date of closing. All securities issued under the Offering are subject to a four-month and one day statutory hold period. Finder's fees may be payable to qualified individuals (the "Finder") pursuant to which the Finder may receive a finder fee equal to up to 6% of the gross proceeds received by the Company from purchasers under the Offering who were introduced to the Company by such Finder and finder warrants ("Finder Warrants") entitling the Finder to purchase that number of common shares of the Company equal to up to 6% of the aggregate number of Units or FT Shares sold by such Finder under the Offering. The closing of the Offering is anticipated to take place on or about June 27, 2025, or such other date as the Company may agree (the "Closing"). The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. New Risk • May 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 No financial data reported. Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (CA$3.45m market cap, or US$2.46m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Anuncio • May 06
Guardian Exploration Inc. (TSXV:GX) completed the acquisition of 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources Ltd. (CNSX:NBRK). Guardian Exploration Inc. (TSXV:GX) signed a letter of intent to acquire 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources Ltd. (CNSX:NBRK) for CAD 0.35 million on December 9, 2024. Guardian Exploration has signed a definitive agreement to acquire 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources on April 10, 2025. In consideration for the Assets, upon closing, Guardian will issue 5,000,000 common shares in the share capital of the Company to New Break and make a cash payment of $75,000. In addition, Guardian will pay $18,830 to New Break as reimbursement for the 2024-2025 annual rent paid to NTI by New Break in December 2024. Guardian will assume all of the obligations under the MEA including the annual exploration expenditure requirements and annual rent payments due to Nunavut Tunngavik Incorporated (“NTI”).
In connection with the Acquisition, Guardian will grant an option to New Break to purchase a 20% interest in the Sundog project at any time for $1.00, carried through to a decision to mine. Upon exercise, the parties will enter a joint ventureagreement on mutually agreed terms.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board and approval of offer by acquirer board. The transaction is expected to close no later than April 30, 2025.
Guardian Exploration Inc. (TSXV:GX) completed the acquisition of 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources Ltd. (CNSX:NBRK) on May 5, 2025. Anuncio • Mar 01
New Break Resources Ltd. Announces Chief Financial Officer Changes New Break Resources Ltd. announced that Michael Farrant, formerly President and CEO, will remain President and has been appointed as Chief Financial Officer replacing Jim O'Neill. Anuncio • Feb 28
New Break Resources Ltd. Announces Executive and Board Changes New Break Resources Ltd. announced that Michael Farrant, formerly President and CEO, will remain President and has been appointed Corporate Secretary replacing Jim O'Neill. The Board of Directors announced that concurrent with his appointment as CEO, William Love has been appointed as a director of the Company. He replaces Ashley Kirwan who has resigned to focus on personal and professional obligations. Ms. Kirwan was director since September 2020. New Break also announced the resignations of Michael Skutezky and Gordon Morrison as directors of the Company. Anuncio • Oct 21
New Break Initiates Gradient Array IP Survey At Its Moray Property New Break Resources. Ltd. announced that it has commenced an Induced Polarization survey at its Moray property, located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. The high-resolution Gradient Array IP survey is intended to test for high chargeability sulfides that may be associated with the gold mineralization, and high resistivity associated with quartz veining and silica flooding, within and on the margins of the Moray syenite intrusive. Gradient Array IP surveys offer greater depth penetration and better penetration of conductive overburden than conventional IP surveys. High chargeability results could indicate the presence of pyrite, chalcopyrite and galena (lowest chargeability of the three sulphides) which, in the case of the surface results at Trench 1 within the Moray syenite, also carries gold. This IP survey will be the first of its kind to cover the entire interpreted extent of the gold-mineralized Moray syenite intrusive and will represent the last major exploration program prior to New Break undertaking a drilling program expected to focus exclusively on the syenite intrusive. Gold mineralization at the Young-Davidson gold Mine is contained principally within a syenite intrusive which hosted mineral reserves as at December 31, 2023, of 3.261 million ounces of gold, contained in 43.911 million tonnes at an average grade of 2.31 g/t Au. The syenite target at Moray is three times the size by area, of the syenite intrusive at Young-Davidson. Beginning in 1964, multiple historical drilling programs have been conducted on the Moray property by various operators, including Noranda, Rio Tinto and Newmont. However, over the past 60 years not a single drilling program targeted the syenite intrusive as its primary focus. Anuncio • Oct 15
New Break Resources Ltd. announced that it expects to receive CAD 0.6 million in funding New Break Resources Ltd. announced a non-brokered private placement offering of up to 8,000,000 units at CAD 0.075 per Unit for gross proceeds of up to CAD 600,000 on October 15, 2024. Each Unit consists of one common share of the Company and one common share purchase warrant , with each Warrant entitling the holder thereof, to purchase one additional Common Share of the Company at a price of CAD 0.12 for a period of twenty-four (24) months from the date of closing. All securities issued under the Offering are subject to a four-month and one day statutory hold period. Finder's fees may be payable to qualified individuals pursuant to which the Finder may receive a finder fee equal to up to 6% of the gross proceeds received by the Company. The closing of the Offering is anticipated to take place on or about October 31, 2024, or such other date as the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. New Risk • Aug 27
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 19% 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 No financial data reported. Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (CA$3.97m market cap, or US$2.95m). Minor Risk Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Anuncio • Aug 14
New Break Resources Ltd., Annual General Meeting, Oct 07, 2024 New Break Resources Ltd., Annual General Meeting, Oct 07, 2024. Anuncio • Jul 13
New Break Resources Ltd. announced that it expects to receive CAD 0.165 million in funding ew Break Resources Ltd announced a non-brokered private placement to issue 1,500,000 flow-through units at an issue price of CAD 0.11 per unit for the gross proceeds of CAD 165,000 on July 12, 2024. Each FT unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional non-flow-through common share at an issue price of CAD 0.25 until July 18, 2029. All securities issued pursuant to this private placement are subject to a statutory hold period of four months and one day expiring four months and one day from closing, in accordance with applicable Canadian securities laws. The completion of the financing is subject to certain conditions, including, but not limited to, the receipt of all required regulatory approvals including final approval of the CSE. All of the securities are being acquired by John Ross and Patricia Quigley, collectively a greater-than 10% securityholder. No finders' fees will be paid in connection with the closing of the offering. Anuncio • Mar 06
New Break Resources Ltd. announced that it has received CAD 0.205 million in funding from Orix Geosciences 2018 Inc. March 5, 2024, New Break Resources Ltd. closed the transaction. The company issued 250,000 units for gross proceeds of CAD 20,000 in its second and final tranche. The transaction included participation from Jim O'Neill for 125,000 units. No finder's fees were paid in connection with the closing. All securities issued pursuant to this private placement are subject to a statutory hold period of four months and one day expiring on July 6, 2024, in accordance with applicable Canadian Securities Laws. Anuncio • Jan 07
New Break Resources Ltd. Announces Appointment of Gordon G. Morrison to Board of Directors New Break Resources Ltd. announce the addition of Mr. Gord Morrison, B.Sc., to the Company's Board of Directors. Having been an integral part of the discovery of 13 major polymetallic and precious metal deposits, 6 of which are producing mines, with 4 others at the feasibility stage, Gord joins New Break as one of Canada's most successful mine finders and a leader in the mining industry with a deep and varied experience in both mineral exploration and mining. Mr. Morrison has 50+ years of experience in the mining industry, covering all aspects of geoscience applications across all mining methods from a wide range of underground methods to large scale open pit operations, as well as being part of very successful exploration groups as noted above. Mr. Morrison's extensive exploration and mining experience includes 32 years at Inco Limited where he served as Senior Geologist, Head of the Sudbury Exploration Group and as a member of the INCO global exploration group, Vice-President, Exploration at FNX Mining Company Inc., Chief Technology Officer - geoscience and other technical mine advancement - North American/South American mines at Quadra FNX Mining Ltd. and KGHM International Ltd., and as President of TMAC Resources Inc. prior to that company's acquisition by Agnico Eagle Mines Limited for their Hope Bay gold deposit in Nunavut. Mr. Morrison's ability to collaborate and work within a team of geologists spanning various levels of experience has promoted an atmosphere of success. His ability to listen to the team, look at the rocks, and integrate a variety of geological, geochemical, and geophysical information makes him one of the leading explorers in the industry today. Mr. Morrison holds a Bachelor of Science degree in Geology from Queen's University. Anuncio • Dec 07
New Break Resources Ltd. announced that it expects to receive CAD 1 million in funding New Break Resources Ltd. announced a a non-brokered private placement of up to 3,750,000 non-flow-through units at CAD 0.08 per unit for gross proceeds of up to CAD 300,000 and 7,000,000 flow-through units at a price of CAD 0.10 per flow-through unit for gross proceeds of up to CAD 700,000; for aggregate total gross proceeds of CAD 1,000,000 on December 7, 2023. The company will make a provision for an over-allotment option to allow the purchase of up to 1,250,000 additional CAD 0.08 units beyond the number of units contemplated in this offering. If the over-allotment option is fully exercised, the total gross proceeds will be CAD 400,000 from the sale of 5,000,000 units. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof, to purchase one additional common share of the company at a price of CAD 0.12 for a period of 24 months from the date of closing. Each FT unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof, to purchase one additional non flow-through common share of the company at a price of CAD 0.15 for a period of 24 months from the date of closing. The warrants are subject to an acceleration clause, whereby if the closing price of the common shares of the company on the Canadian Securities Exchange is equal to CAD 0.25 or higher for five non-consecutive trading days, over a 365-day period, the company may accelerate the expiry of the warrants to the date that is 20 business days from the date of the issuance of a news release by the company announcing the exercise of the acceleration right. All securities issued under the offering are subject to a four-month and one day statutory hold period. Finder's fees may be payable to qualified individuals pursuant to which the finder may receive a finder fee equal to up to 6% of the gross proceeds received by the company from purchasers under the offering who were introduced to the company by such finder and finder warrants entitling the finder to purchase that number of common shares of the company equal to up to 6% of the aggregate number of units or FT units sold by such finder under the offering. The closing of the offering is anticipated to take place on or about December 28, 2023, or such other date as the company may agree. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Anuncio • Jun 30
New Break Resources Ltd., Annual General Meeting, Aug 24, 2023 New Break Resources Ltd., Annual General Meeting, Aug 24, 2023. Anuncio • Jun 02
New Break Resources Ltd. announced that it has received CAD 0.5007 million in funding On May 31, 2023, New Break Resources Ltd. closed the transaction. The company issued 3,338,000 flow-through shares at an issue price of CAD 0.15 per flow-through share for the gross proceeds of CAD 500,700. The company paid cash finder fee of CAD 12,915 and issued an aggregate of 51,000 finder warrants. Each finder warrant is exercisable into one common share of the company at a price of CAD 0.15 for a period of twenty-four months. All securities issued pursuant to this private placement are subject to a statutory hold period of four months and one day expiring on October 1, 2023, in accordance with applicable Canadian Securities Laws. The completion of the Financing is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including final approval of the Canadian Securities Exchange. Anuncio • May 10
New Break Resources Ltd. announced that it expects to receive CAD 0.75 million in funding New Break Resources Ltd. announced a non-brokered private placement up to 5,000,000 flow-through common shares at an issue price of CAD 0.15 per share for gross proceeds of up to CAD 750,000 on May 9, 2023. All securities issued under the transaction are subject to a four-month and one day statutory hold period. Finder's fees may be payable to qualified individual finders pursuant to which the finder may receive a finder fee equal to 6% of the gross proceeds received by the Company from purchasers under the transaction who were introduced to the company by such finder and finder warrants entitling the finder to purchase that number of common shares of the Company equal to 6% of the aggregate number of flow-through shares sold by such finder under the transaction at a price of CAD 0.15 per common share for a period of twenty-four months from the date of closing of the transaction. The closing of the transaction is anticipated to take place on or about May 31, 2023, or such other date as the company may agree. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. Anuncio • Sep 22
New Break Discusses Fresh Collaborative Approach to Exploring the Moray Property New Break Resources Ltd. exploration programs at its 100% owned Moray property ("Moray") located approximately 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson Gold Mine operated by Alamos Gold Inc. New Break developed a fresh approach to 2022 exploration following the interpretation of results from its 2021 exploration programs, including observations and findings from detailed compilation work that also identified gaps in historical exploration work. Gold mineralization at Moray occurs in second order structures interpreted as splays off the Cadillac Larder-Lake Fault Zone, part of the famous Abitibi greenstone belt. For almost 60 years, Moray has attracted over a dozen different operators, including mining industry giants like Noranda Inc. ("Noranda"), Rio Tinto, Inmet Mining Corporation and Newmont Corporation. Successive cycles of exploration work were completed, focused on gold, base metals (Cu, Pb, Zn, Ag) and ultramafic hosted Ni-Cu mineralization with 13 separate mineral showings recognized in the Ontario Mineral Index Inventory.