New Risk • Nov 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.2m (US$8.64m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (over 10x increase in shares outstanding). Market cap is less than US$10m (CA$12.2m market cap, or US$8.64m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Annonce • Oct 25
Universal Digital Inc. announced that it expects to receive CAD 50 million in funding Universal Digital Inc. announced it has entered into a subscription agreement with Helena Global Investment Opportunities 1 Ltd on October 24, 2025. The company will issue senior secured convertible debentures for gross proceeds of CAD 50,000,000. The convertible debentures will have a one-year term from the closing date of each tranche. The convertible debentures will be convertible into common shares of the company at the investor’s option at any time during the term at a conversion price per common share equal to 100 per cent of the closing price of the common shares on the Canadian Securities Exchange on the trading day immediately preceding the submission of a conversion notice, subject to a minimum price equal to CAD0.05. The convertible debentures bear interest at a rate of 17.5% per annum, with interest for the term paid by the company in cash on closing of the first tranche. The company will pay to Helena a facilitation fee equal to $100,000 on the closing of the first tranche. In connection with the closing of each tranche, the company will also issue to Helena common share purchase warrants entitling Helena to purchase such number of common shares that is equal to up to 25% of the subscription amount of each tranche exercisable for a period of three years from the closing of each tranche. Closing is subject to certain conditions, including, but not limited, the approval of the CSE. Annonce • Oct 17
Universal Digital Inc. announced that it has received CAD 1.75878 million in funding On October 17, 2025, Universal Digital Inc. closed the transaction. The company issued 500,000 units at an issue price of CAD 0.60 for gross proceeds of CAD 300,000 in its second and final tranche. Each warrant entitles the holder thereof to acquire one common share at an exercise price of CAD 0.80 per warrant share until September 18, 2027. Combined with the first tranche, the company has raised total gross proceeds of CAD 1,758,780 under the offering. The securities are not subject to a statutory holder period in accordance with applicable Canadian securities laws. Annonce • Sep 04
Universal Digital Inc. announced that it expects to receive CAD 2.0004 million in funding Universal Digital Inc. announced that it has entered into an agreement with Beacon Securities acting as lead agent and sole bookrunner to issue 3,334,000 units of the Company at a price of CAD 0.60 per unit for gross proceeds of CAD 2,000,400 on September 3, 2025. Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant, with each Warrant entitling the holder thereof to acquire one Common Share at an exercise price of CAD 0.80 per Warrant Share for a period of 2 years from the Closing. The Company has granted the Agents an option to arrange for the purchase and sale of up to an additional 834,000 Units at the Issue Price, exercisable in whole or in part, at any time up to 48 hours prior to the closing of the Offering. The Offering is expected to close on or about September 18, 2025. Annonce • Jul 18
Universal Digital Inc. Announces Appointment of Chase Ergen to Its Advisory Board Universal Digital Inc. announced the appointment of Chase Ergen to its Advisory Board. Mr. Ergen is a seasoned entrepreneur and investor with over two decades of experience spanning satellite communications, 5G infrastructure, and digital asset innovation. He currently serves on the Board of Directors of DeFi Technologies Inc., a publicly traded company advancing institutional access to decentralized finance. As the son of Charlie Ergen, founder of Dish Network and EchoStar Corporation, Mr. Ergen has long been immersed in the evolution of global communications and financial infrastructure. His leadership roles have included pioneering early Bitcoin mining operations, championing blockchain adoption, and advancing the future of permissionless technologies. Mr. Ergen's appointment brings additional experience in digital asset strategy and governance and supports Universal Digital's objective of engaging with individuals who have contributed to the development of emerging financial technologies. Annonce • Jul 16
Universal Digital Inc., Annual General Meeting, Sep 24, 2025 Universal Digital Inc., Annual General Meeting, Sep 24, 2025. Annonce • Jul 02
Universal Digital Inc. Debuts MSTU and COU ETFs in Partnership with LongPoint Asset Management to Provide Canadian Investors with Enhanced exposure to Key Crypto Sector Equities Universal Digital Inc. announced the launch of two double leveraged single stock ETFs under the "LFG" brand on the Toronto Stock Exchange (the "TSX"). The ETFs, launched in partnership with LongPoint Asset Management Inc. ("LongPoint"), include: LFG Daily (2X) MSTR Long ETF (Ticker: MSTU) - designed to provide 2x daily exposure to MicroStrategy Inc. (operating as Strategy) - LFG Daily (2X). LFG Daily (2X); LFG Daily (2X") COIN Long ETF - designed to provide2x daily exposure to Coinbase Global Inc. These ETFs mark a milestone in the Canadian ETF market, as the first Canadian domiciled, double leveraged ETFs on Strategy and Coinbase Global Inc. offering amplified digital asset company exposure to investors in Canadian dollars and listed on a domestic stock exchange. The LFG ETFs seek daily investment results that correspond to two times (2X) the daily return (before fees and expenses) of the respective U.S.-listed stock. These ETFs do not hedge against the U.S. dollar and are intended strictly for short-term use by active traders. Both ETFs are listed and traded in Canadian Dollars on the TSX. The following LFG ETFs have closed their offering of initial shares and will begin trading on the TSX when the market opens this morning: Name, Ticker, Reference Stock, LFG Daily (2X), MSTR Long ETF, MSTU, MicroStrategy Inc., LFG daily (2X) COIN Long ETF, COIU, Coinbase Global Inc. Annonce • Jun 03
Universal Digital Inc. (DB:8R20) completed the acquisition of remaining 81% stake in Geometric Galaxy Ltd. Universal Digital Inc. (DB:8R20) entered into a definitive share exchange agreement to acquire remaining 81% stake in Geometric Galaxy Ltd. for approximately $5.5 million on May 13, 2025. Pursuant to the terms of the agreement, the Company will issue an aggregate of 20,828,572 common shares at a deemed price of $0.35 per share to the remaining Geometric Galaxy Ltd shareholders in exchange for 810 common shares of Geometric Galaxy Ltd, representing the balance of the issued and outstanding equity capital of Geometric Galaxy Ltd. The Consideration Shares will be subject to a statutory four-month hold period. In addition, GGL shareholders have agreed to a voluntary lock-up for the Consideration Shares, with staggered releases expiring on July 31, 2026. Universal Digital previously acquired a 19% equity interest in Geometric Galaxy Ltd as part of its change of business and rebranding strategy. This new transaction, once completed, will result in Universal Digital holding 100% ownership of Geometric Galaxy Ltd, consolidating full control of the BullWave platform.
Following completion of the acquisition, Geometric Galaxy Ltd will continue to be led by its co-founders Warren Hui (Chief Executive Officer) and Andrew Lam (Chief Investment Officer), both of whom bring deep domain expertise across digital assets, advanced trading strategies, and technology investing. The closing of the transaction is subject to customary closing conditions, including receipt of any required regulatory approvals.
Universal Digital Inc. (DB:8R20) completed the acquisition of remaining 81% stake in Geometric Galaxy Ltd. on June 3, 2025. Annonce • May 30
Universal Digital Inc. announced that it has received CAD 1.6 million in funding On May 29, 2025, Universal Digital Inc., closed the transaction. The company issued 3,200,000 common shares at a price of CAD 0.5 per share for the gross proceeds of CAD 1,600,000. The transaction has been oversubscribed. The offering remains subject to final acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months plus one day from the closing. Annonce • May 21
Universal Digital Inc. announced that it expects to receive CAD 1.5 million in funding Universal Digital Inc. announced a non-brokered private placement of up to 3,000,000 common shares at a price of CAD 0.5 per share for the gross proceeds of CAD 1,500,000 on May 20, 2025. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months plus one day from the closing. The transaction is subject to the receipt of acceptance by the Canadian Securities Exchange and may close in more than one tranche. New Risk • May 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 97% 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. Shares are highly illiquid. Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Market cap is less than US$10m (CA$6.52m market cap, or US$4.66m). Annonce • May 14
Universal Digital Inc. (DB:8R20) entered into a definitive share exchange agreement to acquire remaining 81% stake in Geometric Galaxy Ltd for approximately $5.5 million. Universal Digital Inc. (DB:8R20) entered into a definitive share exchange agreement to acquire remaining 81% stake in Geometric Galaxy Ltd. for approximately $5.5 million on May 13, 2025. Pursuant to the terms of the agreement, the Company will issue an aggregate of 20,828,572 common shares at a deemed price of $0.35 per share to the remaining Geometric Galaxy Ltd shareholders in exchange for 810 common shares of Geometric Galaxy Ltd, representing the balance of the issued and outstanding equity capital of Geometric Galaxy Ltd. The Consideration Shares will be subject to a statutory four-month hold period. In addition, GGL shareholders have agreed to a voluntary lock-up for the Consideration Shares, with staggered releases expiring on July 31, 2026. Universal Digital previously acquired a 19% equity interest in Geometric Galaxy Ltd as part of its change of business and rebranding strategy. This new transaction, once completed, will result in Universal Digital holding 100% ownership of Geometric Galaxy Ltd, consolidating full control of the BullWave platform.
Following completion of the acquisition, Geometric Galaxy Ltd will continue to be led by its co-founders Warren Hui (Chief Executive Officer) and Andrew Lam (Chief Investment Officer), both of whom bring deep domain expertise across digital assets, advanced trading strategies, and technology investing. The closing of the transaction is subject to customary closing conditions, including receipt of any required regulatory approvals. Board Change • May 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 Lloyd Jordan was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Mar 14
Minas Metals Ltd. Announces Chief Executive Officer Changes Minas Metals Ltd. announced the appointment of Timothy Chan as Chief Executive Officer. This strategic hires have been made in connection with Minas Metals' proposed Change of Business, as previously announced on January 27, 2025, and underscore the Company's commitment to accelerating growth and operational excellence. Timothy Chan, a seasoned finance professional and serial entrepreneur, brings over a decade of expertise in equity derivatives and a proven track record of success in the startup ecosystem. Most notably, Mr. Chan served as Head of Delta 1 Ex-Japan at Sunrise Brokers, a subsidiary of BGC Partners, which is affiliated with Cantor Fitzgeralda global leader in financial innovation with deep ties to cryptocurrency and blockchain technologies, including Tether. His extensive experience in high-stakes financial environments and his entrepreneurial vision position him as a transformative leader for Minas Metals. Jon Bey, the former Chief Executive Officer of the Company, will remain on the board of directors to ensure a seamless transition and provide ongoing strategic guidance. Annonce • Dec 23
Minas Metals Ltd. announced that it expects to receive CAD 0.6 million in funding Minas Metals Ltd. announces a non-brokered private placement up to 12 million common shares at CAD 0.05 per share for gross proceeds of CAD 600,000 on December 23, 2024. The offering is made to accredited investors within the meaning of National Instrument 45-106, and the completion of the offering is subject to the receipt of acceptance by the Canadian Securities Exchange and may close in more than one tranche. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months plus one day from the closing. Finders' fees may be payable in connection with the sale of the shares in accordance with the policies of the exchange. Annonce • Aug 18
Lode Metals Corp. Completes Site Visit to Lithium Valley, Brazil, Signs Loi to Evaluate Lithium Project Lode Metals Corp. announced that it has commenced a review of potential strategic acquisition opportunities in Brazil to add to the Company's existing portfolio of exploration-stage projects. Management has completed an initial visit to Aracuai, in the state of Minas Gerais, Brazil to evaluate potential transactions, and is arranging for the formation of Brazilian subsidiary, Minas Metals Brazil Ltd., to ultimately facilitate operations in the country. To commence the review, the Company has entered into a letter of intent with Joao Francisco pursuant to which it will evaluate a series of mineral claims located in the Aracuai region of Minas Gerais., Brazil. In the event the Company is satisfied with its review of the Property, the LOI contemplates that the Company would be granted an option to acquire the Property in consideration for completing a series of cash payments totaling USD 100,000 and incurring at least USD 1,000,000 in exploration expenditures on the Property over a twenty-four month period. It is also contemplated that the Vendor will be entitled to receive additional bonus payments based on the successful exploration results on the Property. Acquisition of an interest in the Property remains subject to a number of conditions, including the satisfactory completion of due diligence, receipt of any required regulatory approvals and the negotiation of definitive documentation. No interest will be acquired in the Property until these conditions have been satisfied. The Company is at arms-length from the Vendor. The acquisition of an interest in the Property is not expected to constitute a fundamental change for the Company, nor is it expected to result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. No finders fees or commissions are payable in connection with the entering into of the Letter of Intent or the acquisition of an interest in the property. The Comenco Property. Management Update. The Company will be appointing geologist Neil McCallum, B.Sc., P.Geo. as a strategic advisor to facilitate the review in Brazil. Mr. McCallum is a professional exploration geologist with over 18 years of experience. He has served as an independent director for several public companies and launched numerous clients along successful paths to discovery and resource definition. He has been involved in the identification and acquisition of high-quality lithium assets for the past 7 years. In 2016, Mr. McCallum identified and staked part of the Corvette Property during his role with DG Resource Management. The Corvette Property is now operated by Patriot Battery Metals, where the CV5 Spodumene Pegmatite is the lithium pegmatite deposit in the Americas based on contained lithium metal. Annonce • Aug 10
Lode Metals Corp. announced that it has received CAD 0.395 million in funding On August 9, 2023, Lode Metals Corp. closed the transaction. The company issued 3,950,000 units at an issue price of CAD 0.10 for the gross proceeds of CAD 395,000. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share at a price of CAD 0.16 until August 9, 2025. The transaction included participation from new investor for 100,000 units. All securities issued in connection with the Offering are subject to restrictions on resale until December 10, 2023 in accordance with applicable Canadian securities laws. New Risk • Aug 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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. Shares are highly illiquid. Market cap is less than US$10m (CA$3.44m market cap, or US$2.61m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Annonce • May 24
Lode Metals Corp. announced that it expects to receive CAD 3 million in funding Lode Metals Corp. announced a non-brokered private placement of 15,000,000 units at a price of CAD 0.20 per unit for total gross proceeds of CAD 3,000,000 on May 23, 2023 . Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.30 for a period of 24 months following the closing date of the transaction. The company may pay finder’s fees in the transaction. The closing of the transaction is subject to receipt of all necessary regulatory approvals including the CSE securities laws. Board Change • Apr 04
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. 3 non-independent directors. Independent Director Jim Yates was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Oct 12
Lode Metals Corp. Receives High Grade Assay Results At Cracker Creek Project, Northeastern Oregon Lode Metals Corp. reports that assays have been received supporting historic high grade mineralization for dump select rock samples initially screened in the field by x-ray fluorescence at the Cracker Creek Project, near Baker City, Oregon, USA. Lode has received significant assay results from dump sampling four historically mined areas: Columbia, Tabor Fraction, Eureka and North Pole. Multi-ounce gold values have been received for the Columbia, Tabor Fraction and North Pole Mine dumps, which support historic accounts of high-grade gold. The Columbia Mine Dump Samples include gold assays of 86.6 grams per tonne 109.1 g/t, 190.6 g/t and 267.7 g/t. The Tabor Fraction Dump Sample returned a gold assay of 104.1 g/t. The Eureka Mine Dump Samples returned values between 9.4 g/t and 26.8 g/t, including the highest silver assay on the project of 839 g/t. The North Pole Mine Dump Samples include gold assays of 40.6 g/t, 41.6 g/t and 74.8 g/t. Assays Received for Dump Select Rock Samples: Lode Metals reports that assay results have been received from American Assay Labs, Reno for samples submitted in conjunction with the ongoing exploration evaluation of the Cracker Creek Project. CrackerCreek Rock Dump Select Assay Results were collected as dump selects and screened for mineralizationusing an XRF. Dump sampling is a practical source of mineralized material to develop a comprehensiveunderstanding of a system that was mined over 100 years ago. The Cracker Creek Project historically produced gold from a vein system over 3.5 km in strike length and to a depth of a kilometer. Additional assay results are pending for the Excelsior Mine dumps. In addition to confirming that the Cracker Creek orogenic gold system contains high grade gold and silver values in dump select rock samples, these results help to confirm and develop the following: the multi-element geochemistry will be used to establish characteristic signatures to enable comparisons to other, similar deposits. the assay laboratory oversize, assay rejects and pulps can provide initial material for early metallurgy. provide material to study vein paragenesis to establish fluid flow and fracturing event timing to assist in drill target development. Historic records indicate +500,000 ounces of gold was mined from the combined three mine mills: Columbia, E & E, and North Pole. The average mined grade for Cracker Creek was 18.86 g/t gold. Cracker Creek has historic accounts of much higher-than- average grades mined. The North Pole Mine reported direct ship to smelter ore that averaged 902.3 g/t and the Columbia Mine reported direct ship to smelter ore that averaged 18.31 g/t. The Cracker Creek project historic resource of +400,000 ounces of gold has an average grade of 9.8 g/t gold. The Proven and Probable Categories are constrained by sampling. The Inferred is not so constrained and was admittedly given a "conservative" estimate by the resource authors. Lode Metals believes that drill targeting higher grade mineralized trends identified in the modeled grade compilations within the Inferred Category mineralized envelopes will de-risk future drilling and very likely result in a significant upgrade of both tonnage and grade. These results will in turn determine a vector for even deeper and extended mineralization. Annonce • Aug 12
Lode Metals Corp Provides an Update Confirming High Grade Mineralization At the Cracker Creek Project Lode Metals Corp. provided an update confirming high grade mineralization at the Cracker Creek Project, near Baker City, Oregon. Dimensions of Mineralization: The mineralized Cracker Creek structure was mined selectively over 3.5 km along strike and to a depth of 1 km down dip. Historic production for the mines that Lode Metals controls, Columbia, E & E and North Pole focused on the main Cracker Creek vein. Reportedly secondary splays from the main Cracker Creek vein were recognized but never mined. Historic records indicate +400,000 ounces of gold was produced from the combined three mine mills (Columbia, E & E, and North Pole). The North Pole records indicate that the average mill grade was 0.482 opt (15.0 g/t) gold that included some direct ship to smelter ore that averaged 26.316 opt (818.5 g/t) gold, and combined, the overall grade was 0.630 opt (19.6 g/t) gold. The Cracker Creek project historic resource of +400,000 ounces of gold has an average grade of 0.316 opt (9.8 g/t) gold. Lode Metals believes targeting structural splays and intersections will encounter higher grades in drilling. Previous miners and explorationists noted that the higher-grade mineralization had a rake of 18 degrees to the southwest and an even steeper rake to the southeast. Therefore, it is critical to drill-oriented core to unravel these very important, geological, and structurally controlled questions. Lode Metals has State of Oregon issued drill permits to begin drilling in hand. Models; New geology surface mapping data will be incorporated into an updated geological and structural model for the entire, consolidated project. Lode Metals has already invested time and resources into integrating more than US$6M in legacy data generated by previous explorers from the late 1800's through the 1990's. This includes digitizing the underground mine workings, underground channel samples and extensive, and localized core drilling. These maps and sampling have instructed the vein and structural model and have led to the spatial recognition of previously known vein intersections that were never explored. Target Generation; System Characterization: The Cracker Creek property is a structurally controlled, narrow, high-grade, orogenic gold deposit with the Mother Lode District, California as an analog. Gold bearing orogenic systems have been known to persist for several kilometers down dip. To date, the Cracker Creek system has only been historically mined to a depth of 1km and remains unexplored at depth and along strike. The focus for the geological mapping and exploration is to refine and improve the lithological and structural model to better characterize favorable mineralized areas, associated structural intersections and identify trends for additional outcropping quartz veins. Recognized targets already include down-dip from historically mined mineralization along the Cracker Creek lode, on-strike, structural intersections, and subparallel veins that were either historically mined or simply unexplored. The soil surveys will focus on gold and silver as well as pathfinder elements known to be associated with orogenic-related, high-grade gold mineralization hosted in Elkhorn Argillite, a metasedimentary suite of rocks. Initially, a portable x-ray fluorescence spectrometer (pXRF) is being used in the field to measure elemental concentrations from prepared samples. Following this field test, these samples have been sent to the lab for full multi-element, low-detection geochemical analyses. Comparisons of field measurements to lab analyses are progressing, helping to build confidence in the exploration team that the pXRF can and will be a more cost-effective and timely solution to soil geochemical analyses.