Anuncio • Jul 09
Graycliff Exploration Limited Reports Additional Drill Results Including 7.3 Metres of 10.51 G/T Gold At Shakespeare Gold Project Graycliff Exploration Limited announced additional high grade gold assay results from metallurgical drill holes B and C. Drill core assay results include an interval of 10.5 grams per tonne gold over a 7.3 metre interval in drill hole B, with a 1.0 metre intersection of 43.50 grams per tonne gold as well as a 1.0 metre intersection of 45.90 grams per tonne gold. The three metallurgical drill holes were completed using larger diameter HQ core equipment and were targeted to provide larger residual material for metallurgical and mineralogical investigation from a variety of material in the gold mineralized zone including lower grade, moderate grade and high-grade mineralization. Extremely high-grade gold mineralization was intersected in drill hole A with the assay results reported June 2 that highlighted an interval grading 454.34 grams per tonne gold over a 7.0 metre interval. Mineralization in hole C was targeted at more near surface lower grade mineralization and this targeted mineralization returned a 2.0 metre interval grading 1.76 grams per tonne gold at a depth of 66.0 metres. Table 1 - Gold Assay Results from Holes B & C Hole From (m) To (m) Width (m) Au (g/t) B 83.0 90.3 7.3 10.51 including 83.0 84.0 1.0 43.50 and 88.1 89.0 0.9 4.24 and 89.0 89.6 0.6 45.90 and 89.6 90.3 0.7 2.36 97.0 98.0 1.0 4.65 C 66.0 68.0 2.0 1.76 70.0 71.0 1.0 1.10 88.0 89.0 1.0 3.07 Reported intervals are down-hole lengths and not true thicknesses. True widths of the mineralization cannot be determined at this time due to the early-stage nature of the program. Length-weighted average grades are calculated using un-capped gold assay data. All three holes (A, B & C) drilled were located at 433802 E and 5126912 N with an azimuth of 330. The dips and lengths of the holes were as follows: hole A was -80 degrees to a depth of 149 metres; hole B was -73 degrees to a depth of 117 metres; and, hole C was -65 degrees to a depth of 101 metres. The results from Holes A, B & C along with surface sampling confirm the presence of significant gold mineralization in the area of the historic shaft, extending to a depth of more than 100 metres in this recent work, and up to 250 metres in previous work by the Company. The 7 metre extremely high-grade intersection in Hole A is more than 35 metres from the 7.3 metre high-grade intersection in Hole B and is well below the historic workings. The Company will use the analytical data as well as sample material from the three HQ-sized drill holes as the material for initial mineralogical investigations, mineral extraction analysis and for initial mineral concentration studies. These studies will help to provide the Company with data and parameters that will help formulate plans for a program of bulk sampling on the project. Over the four phases of drilling completed between 2020 and 2022, Graycliff drilled 61 holes totalling more than 12,500 metres. A total of 38 of the 61 holes had gold mineralized intervals and 40% of those 38 holes included sightings of visible gold. With the recent significant increase in gold prices the Company has embarked on a program to re-evaluate all of the project data, including data from historic mine workings, field sampling, channel sampling and all four phases of drilling in addition to the three metallurgical drill holes. Upon receipt of the results of this review work, including the results of the metallurgical holes, the Company will be in a position to synthesize a better understanding of the extent of the gold mineralization in the context of the current gold price environment. The Company will also be developing new models for the other known exploration targets on the property in advance of follow-up drilling to expand and better define the known gold mineralization. The Company's QA-QC drill core sample protocol consists of collection of samples over generally 0.5 to 1.5 metre intervals (depending on the lithology and style of mineralization) over the mineralized portions of the drill hole. The drill core is cut in half with a diamond saw, with half of the core placed in sample bags and the remaining half securely retained in core boxes, off site. Samples are organized into batches, including at least one commercially prepared standard as well as blank material. Sample batches are periodically delivered by Company personnel directly to AGAT. AGAT receives, records and tracks all samples. In the case of metallurgical test holes A, B and C the core was cut in half and then the one half was cut again to provide a one quarter sample similar in weight to one half of the NQ core samples. All samples are assayed at AGAT Laboratories Ltd. in Thunder Bay, Ontario. AGAT is accredited to ISO 17025 by the Standards Council of Canada. Subsequent to drying, crushing grinding as required, the samples are analyzed by lead fusion fire assay with Atomic Absorption Spectroscopy finish. PerkinElmer AAnalyst 400 AAS instruments are used in the analysis. All samples undergo standard fire assay analysis for gold and some samples are processed using ICPOES analysis for 33 additional elements. For samples where visible gold is noted or suspected, or for samples adjacent to visible gold samples, screen-metallic gold analysis is carried out which provides a weighted average gold grade from fire assay analysis of the entire +75 micron fraction and three 30-gram samples of the -75 micron fraction from a 500 gram sample. Prepared samples, sample replicates, duplicates and internal reference materials (both aqueous and geochemical standards) are routinely used as part of AGAT's quality assurance program. Anuncio • Jun 17
Graycliff Exploration Limited announced that it expects to receive CAD 2.8 million in funding Graycliff Exploration Limited announced a non-brokered private placement to issue 8,000,000 units at an issue price of CAD 0.35 for the proceeds of CAD 2,800,000 on June 16, 2026. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant of the Company. Each Warrant will entitle the holder thereof to acquire one (1) additional Share at an exercise price of CAD 0.55 for a period of 12 months from the date of issuance, provided the Warrants may not be exercised for a period of 60 days from the date of issuance. Company may pay to eligible finders a fee equal to 8% of the aggregate cash proceeds received from the sale of the Units payable in cash and issue a number of Warrants equal to 8% of the aggregate number of Units issued. The Offering is scheduled to close on or about June 30, 2026. Recent Insider Transactions • Jun 10
President recently sold €40k worth of stock On the 2nd of June, Arndt Roehlig sold around 153k shares on-market at roughly €0.26 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Arndt has been a net seller over the last 12 months, reducing personal holdings by €33k. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Walter Henry was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 08
Graycliff Exploration Limited announced that it has received CAD 0.649957 million in funding On April 8, 2026, Graycliff Exploration Limited closed the transaction. The transaction is oversubscribed. Prior to the completion of the Offering, Arndt Roehlig held an aggregate of 1,500,000 Common Shares. Upon completion of the Offering, investor will hold an aggregate of 2,300,000 Common Shares,representing approximately 13.92% of the issued and outstanding Common Shares on an undiluted basis and approximately 13.88% on a fully-diluted basis Anuncio • Mar 07
Graycliff Exploration Limited announced that it expects to receive CAD 0.6 million in funding Graycliff Exploration Limited announced a non-brokered private placement to issue up to 5,000,000 units at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 600,000 on March 6, 2026. Each Unit will be composed of one common share of the Company and one half of one (1/2) common share purchase warrant, each Warrant to be exercisable at CAD 0.18 per Share for one year from issuance. The Company may pay finder's fees of 10% in cash. Anuncio • Jan 27
Graycliff Exploration Limited, Annual General Meeting, Mar 30, 2026 Graycliff Exploration Limited, Annual General Meeting, Mar 30, 2026. Anuncio • Jan 22
Graycliff Exploration Limited announced that it has received CAD 0.113 million in funding On January 22, 2026, Graycliff Exploration Limited closed the transaction. The company issued 1,130,000 common shares at a price of CAD 0.1 per share for aggregate gross proceeds of CAD 113,000. The offering constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as insiders of the company subscribed for an aggregate of 2.22 million common shares. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(g) and 5.7(1)(e) of MI 61-101 as the company has financial challenges and the transaction is designed to improve the financial position of the company, as determined in accordance with MI 61-101. Prior to the completion of the offering, Arndt Roehlig did not hold any common shares. Upon completion of the offering, Roehlig will hold an aggregate of 1.5 million common shares, representing approximately 17.04 per cent of the issued and outstanding common shares on an undiluted basis and approximately 16.62 per cent on a fully diluted basis. Anuncio • Dec 30
Graycliff Exploration Limited announced that it expects to receive CAD 0.44 million in funding Graycliff Exploration Limited announced a non-brokered private placement to issue 4,400,000 common shares at an issue price of CAD 0.10 for gross proceeds of CAD 440,000 on December 29, 2025. All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and there sale rules of applicable securities legislation. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange. The company may pay finders fees and commissions of up to 10% of al funds raised in shares or in cash. Board Change • Aug 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 Nick Konkin was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • May 31
Graycliff Exploration Limited, Annual General Meeting, Jul 24, 2024 Graycliff Exploration Limited, Annual General Meeting, Jul 24, 2024. New Risk • Nov 04
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$71k 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$467k free cash flow). Share price has been highly volatile over the past 3 months (649% average daily change). Negative equity (-CA$71k). 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 (€540.6k market cap, or US$579.7k). Minor Risk Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Board Change • Apr 27
Less than half of directors are independent There are 6 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: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). President, CEO & Director Jamie Macintosh is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Chairman David Lees was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Executive Departure • Sep 01
Independent Non-Executive Chairman Samuel Hardy has left the company On the 30th of August, Samuel Hardy's tenure as Independent Non-Executive Chairman ended after 3.5 years in the role. As of June 2021, Samuel still personally held 250.00k shares (€112k worth at the time). Samuel is the only executive to leave the company over the last 12 months. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 24
Independent Director recently sold €55k worth of stock On the 18th of June, David Lees sold around 110k shares on-market at roughly €0.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €52k more than they bought in the last 12 months. Is New 90 Day High Low • Mar 06
New 90-day high: €0.37 The company is up 21% from its price of €0.31 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 49% over the same period. Is New 90 Day High Low • Jan 23
New 90-day low: €0.28 The company is down 49% from its price of €0.54 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 56% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: €0.29 The company is down 39% from its price of €0.47 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 45% over the same period.