Board Change • Jul 08
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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 11
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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Mar 31
Tesoro Minerals Corp., Annual General Meeting, Jun 03, 2026 Tesoro Minerals Corp., Annual General Meeting, Jun 03, 2026. Location: british columbia, vancouver Canada Annonce • Mar 24
Tesoro Minerals Corp. (TSXV:TES) completed the acquisition of Rumichaca and Cerro Macho epithermal gold-copper projects from GlobeTrotters Resource Group Inc. Tesoro Minerals Corp. (TSXV:TES) signed a definitive agreement to acquire Rumichaca and Cerro Macho epithermal gold-copper projects from GlobeTrotters Resource Group Inc. for CAD 0.03 million on July 8, 2025. The consideration consists of 1.43 million common equity of Tesoro Minerals Corp. having a value of CAD 0.03 million to be issued for assets of Rumichaca and Cerro Macho epithermal gold-copper projects. As part of consideration, CAD 0.03 million is paid and 2% Net Smelter Return (“NSR”) to Globetrotters towards assets of Rumichaca and Cerro Macho epithermal gold-copper projects. Tesoro may repurchase 1% for CAD 1 million any time before completion of a Feasibility Study.
The deal is subject to customary conditions, including TSX Venture Exchange approval. As of December 22, 2025, the transaction remains subject to customary closing conditions, including regulatory approvals and final documentation.
Tesoro Minerals Corp. (TSXV:TES) completed the acquisition of Rumichaca and Cerro Macho epithermal gold-copper projects from GlobeTrotters Resource Group Inc. on March 23, 2026. New Risk • Feb 25
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$35k 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 Shares are highly illiquid. Negative equity (-CA$35k). Earnings have declined by 9.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.60m market cap, or US$2.63m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Feb 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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. Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.40m market cap, or US$2.48m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Annonce • Feb 05
Tesoro Minerals Corp. announced that it has received CAD 0.569 million in funding On February 4, 2026, Tesoro Minerals Corp. closed the transaction. The company announced that it has issued 7,112,500 common shares at a price of CAD 0.08 per share, for aggregate gross proceeds of CAD 569,000. The transaction has been oversubscribed. In connection with the offering, the company paid a finder's fee of 6% in cash in the amount of CAD 33,840 to Haywood Securities Inc. in respect of subscribers introduced to the company. All securities issued pursuant to the offering are subject to a four-month-and-one-day hold period, expiring on June 5, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Notably, one insider of the company participated in the offering, acquiring 62,500 shares. David B. Elliott acquired ownership of and direction and control over an aggregate 359,500 common shares pursuant to the offering. As a result of the offering and associated dilution, the security holding percentage of Mr. Elliott's beneficial ownership of, or control or direction over, common shares in the capital of the issuer, decreased to less than 10 per cent. Board Change • Jan 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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Dec 23
Tesoro Minerals Corp. announced that it expects to receive CAD 0.5 million in funding Tesoro Minerals Corp. announced a non-brokered private placement on December 22, 2025. The company will issue 6,250,000 common share at a price of CAD 0.08 per share for gross proceeds of CAD 500,000. Closing of the financing will be subject to receiving TSX-V approval of the acquisition of the Property. Finder’s fees may be payable in connection with the Financing, subject to regulatory approval. All securities issued will be subject to a statutory hold period in accordance with applicable securities laws. Board Change • Aug 14
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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 09
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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 16
Tesoro Minerals Corp., Annual General Meeting, Jun 16, 2025 Tesoro Minerals Corp., Annual General Meeting, Jun 16, 2025. Location: british columbia, vancouver Canada New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 4.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$550k free cash flow). Shares are highly illiquid. Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.63m market cap, or US$1.84m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Board Change • Mar 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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.63m market cap, or US$1.83m). Board Change • Dec 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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 26
Tesoro Minerals Corp. announced that it expects to receive CAD 0.35 million in funding Tesoro Minerals Corp announced a non-brokered private placement of 17,500,000 common shares at a price of CAD 0.02 per share for gross proceeds CAD 350,000 on July 25, 2024. A finders' fees may be payable in cash of up to 6% of the proceeds of the private placement in accordance with TSX Venture Exchange policies. All securities issued under the private placement are subject to a four-month-and-one-day restricted resale period from the date of the close in accordance with the policies of the TSX-V and applicable securities laws. Closing of the private placement is subject to certain customary conditions, including the receipt of TSX-V approval. Board Change • Jun 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. 3 highly experienced directors. Independent Director Valerie Pascale was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 21
Tesoro Minerals Corp., Annual General Meeting, Jun 19, 2024 Tesoro Minerals Corp., Annual General Meeting, Jun 19, 2024. Location: Vancouver, BC Vancouver BC British Columbia Canada Annonce • Mar 30
Tesoro Minerals Corp. announced that it has received CAD 0.316125 million in funding On March 28, 2024, Tesoro Minerals Corp. closed the transaction. The company issued 12,645,000 shares at issue price CAD 0.025 for a gross proceeds CAD 316,125. In connection with the Offering, the Company paid a 6% cash finder’s fee in the amount of
CAD 18,967.50 to Haywood Securities Inc. in respect of subscribers introduced to the Company. All securities issued under the Offering are subject to a four month and one-day restricted resale period expiring on July 29, 2024 in accordance with the policies of the TSX Venture Exchange and applicable securities laws Annonce • Feb 14
Tesoro Minerals Corp. announced that it expects to receive CAD 0.3 million in funding Tesoro Minerals Corp. announced a non-brokered private placement to issue 15,000,000 common shares at an issue price of CAD 0.20 per share for the gross proceed of CAD 300,000 on February 13, 2024. The Shares, will be subject to a four-month restricted resale period in accordance with the policies of the TSX Venture Exchange and applicable securities laws. A finder’s fees may be payable in cash of up to 6% of the proceeds of the Private Placement in accordance with TSX-V policies. Closing of the Private Placement is subject to certain customary conditions, including the receipt of TSX-V approval. New Risk • Sep 29
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$224k 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$224k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.47m market cap, or US$2.57m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Annonce • May 30
Tesoro Minerals Corp. announced that it has received CAD 0.3 million in funding On May 29, 2023, Tesoro Minerals Corp. closed the transaction. The company issued 12,000,000 Shares at a price of CAD 0.025 for the gross proceeds of CAD 300,000. In connection with the transaction, the Company paid a 6% cash finder’s fee in the amount of CAD 18,000. All securities issued under the Private Placement are subject to a four month and one-day restricted resale period expiring on September 30, 2023 in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The transaction included participation from two insiders purchased 2,800,000 Shares. The transaction was oversubscribed. Board Change • Mar 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. 3 non-independent directors. Independent Director Tony Harwood was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tony Harwood was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tony Harwood was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Tony Harwood was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Aug 22
Tesoro Minerals Corp. announced that it has received CAD 0.25 million in funding On August 20, 2021, Tesoro Minerals Corp. closed the transaction. The company paid a finder’s fee to Haywood Securities Inc. in respect of subscribers introduced to the company, which consisted of a cash payment of CAD 15,000. All securities issued are subject to a four month and one-day restricted resale period expiring on December 19, 2021. Annonce • Aug 08
Tesoro Minerals Corp. announced that it expects to receive CAD 0.25 million in funding Tesoro Minerals Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on August 6, 2021. Each unit will consists of one common share and one transferrable common share purchase warrant. Each warrant entitles the holder to purchase one additional common shares at a price of CAD 0.10 per share for a period of two years from the closing date. The securities to be issued will have a hold period of four months. Closing of the transaction is subject to certain customary conditions, including the receipt of TSXV approval. The company may pay finders fees. Annonce • Nov 07
Tesoro Minerals Corp. announced that it expects to receive CAD 0.125 million in funding Tesoro Minerals Corp. (TSXV:TES) announced a non-brokered private placement of up to 2,500,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 125,000 on November 6, 2020. Each unit will consist of one common share and one transferrable common share purchase warrant .Each warrant entitles the holder to purchase an additional common share of the company at CAD 0.10 per share for a period of two years from date of closing. All the securities will be issued are subject to a hold period of four months from the date of closing. The transaction is subject to certain customary conditions, including the receipt of TSX Venture approval. The company may pay finder’s fees, comprising cash, broker’s warrants, or a combination. Annonce • Aug 14
Tesoro Minerals Corp. announced that it has received CAD 0.33615 million in funding On August 12, 2020, Tesoro Minerals Corp. (TSXV:TES) closed the transaction. The transaction included participation from a single insider of the company. The company paid finder fees of CAD 20,169 to Haywood Securities Inc. in relation to the transaction. All the securities issued in the transaction is subject to a hold period of four month and one day expiring on December 13, 2020. Annonce • Jun 19
Tesoro Minerals Corp. announced that it expects to receive CAD 0.25 million in funding Tesoro Minerals Corp. (TSXV:TES) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on June 18, 2020. Each Unit will consist of one common share and one transferrable common share purchase warrant .Each warrant entitles the holder to purchase an additional common share of the company at CAD 0.10 per share for a period of two years from date of closing. The securities issued are subject to a hold period of four months for resale period in accordance with the policies of the TSX Venture exchange and applicable securities laws. The company may pay finder’s fee, comprising cash, broker’s warrants, or a combination thereof in the transaction. The Closing of the Transaction is subject to certain customary conditions, including the receipt of TSXV exchange approval. 
