お知らせ • May 29
Arctic Star Exploration Corp. Provides Finland Diamond Update Arctic Star Exploration Corp. announced that it has completed landowner payments necessary to keep title in good standing on the Timantti Project (Project), near Kuusamo, Finland. There have been several diamond bearing kimberlite discoveries made on this Project. The Tamantti Project consists of two exploration permits, totaling 1125Ha: the 243 Ha Solavaara Permit, and the 882 Ha Vaimouso permit. The Company purchased Finnish holding company (Foriet Oy.) that held the Solavaara permit and the White Wolf kimberlite discovery in 2018. Since acquisition, Arctic Star has discovered four new kimberlites: Black Wolf, Grey Wolf, Vassa and Karhu. The Vaimouso permit was obtained by Arctic Star to capture the surrounding exploration potential and it adjoins the Solavaara permit. Remarkably each kimberlite discovery on the Timantti Project is diamond bearing. The Project is located in excellent infrastructure with roads and power grids and lies 11 km NE of the town of Kuusamo, which is serviced by daily flights to Helsinki. Table 1 lists the caustic fusion diamond results from each discovery, giving sample size in kilograms, with the diamond results sized by sieving noting the mesh size that the diamonds sit on. Nominal 8kg Samples were sent to the independent SRC laboratories in Saskatoon, and Microlithics laboratory in Thunder Bay. White Wolf kimberlite received the most attention with holes being drilled at the 12, 3, 6, and 9 o'clock positions around the occurrence angled towards the centre. The northern "12 O'clock" drill hole encountered kimberlite earlier than would be expected if the kimberlite was behavior like the model and forming a tapering carrot shaped pipe, triggering a possible alternative explanation that this body is instead a dyke dipping to the north at 30deg. The Black and Grey Wolf kimberlite were also interpreted as being part of the same dyke, displaced 10's of metres by post-emplacement faulting. The plan is to return to the Wolf test the dyke concept with more drill holes angled from the north. If the concept is true testing a single, slightly offset dyke down dip has potential for increasing tonnage. history of discovery and the possibility of further success. The White Wolf kimberlite was originally found by tracing a diamond indicator mineral (DIM) dispersal train in the till to where it terminated up-ice, then drill testing a magnetic anomaly. Vassa was drill tested and was shown to be a 1.5m wide dyke. Two separate dykes where intercepted. Karhu with a White Wolf like magnetic anomaly, is yet to be drill tested. The discovery of these kimberlites prove the company are in a cluster of kimberlites with multiple bodies. World-wide, kimberlites average 30 members, and some clusters have 100's which suggests that there are more kimberlites to be found. Diamond indicator mineral results from public data (taken by other companies) from both the Finnish and Russian sides of the border demonstrate a large 30km wide regional DIM plume, formed by ice age glaciation emanating from the Kuusamo area, continuing down-ice 30 km. お知らせ • Apr 21
Arctic Star Exploration Corp., Annual General Meeting, Jun 19, 2025 Arctic Star Exploration Corp., Annual General Meeting, Jun 19, 2025. Location: british columbia, vancouver Canada お知らせ • Aug 03
Arctic Star Exploration Corp. Announces Resignation of Thomas Yingling as Director Arctic Star Exploration Corp. announced the announces that Mr. Thomas Yingling has resigned as director of the Company. The board would like to thank Mr. Yingling for his many years of service to the Company as director. お知らせ • Jul 27
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.275 million in funding Arctic Star Exploration Corp announced a non-brokered private placement of up to 13,750,000 units at an issue price of CAD 0.02 per Unit, for gross proceeds of up to CAD 275,000 on July 26, 2024. Each Unit will be comprised of one common share and one nontransferable share purchase warrant. Each Warrant is exercisable to purchase one additional Share or a period of 24 months from the closing date at an exercise price of CAD 0.08 per Warrant Share. The Company may pay a finder’s fee on the Offering within the maximum amount permitted by the policies of the TSX Venture Exchange (“TSXV”). The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. No Insiders or persons conducting investor relations activities are expected to participate in the Offering. Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the TSXV. The securities to be issued under the Offering will be offered by way of private placement in such provinces or territories of Canada as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing of the Offering. New Risk • Jun 04
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$553k 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$553k free cash flow). Share price has been highly volatile over the past 3 months (155% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (€4.50m market cap, or US$4.89m). Minor Risk Shareholders have been diluted in the past year (9.8% increase in shares outstanding). New Risk • Dec 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% 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 Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.71m market cap, or US$2.98m). お知らせ • Oct 13
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.3 million in funding Arctic Star Exploration Corp. announced a non-brokered private placement of up to 30,000,000 units at an issue price of CAD 0.01 per unit for the gross proceeds of CAD 300,000 on October 12, 2023. Each Unit will be comprised of one common share and one nontransferable share purchase warrant. Each Warrant is exercisable to purchase one additional Share for a period of 24 months from the closing date at an exercise price of CAD 0.05 per Warrant Share. The Company may pay a finder’s fee on the Offering within the maximum amount permitted by the policies of the TSXV. The company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the TSXV. All Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing of the Offering. お知らせ • Aug 04
Arctic Star Exploration Corp., Annual General Meeting, Oct 03, 2023 Arctic Star Exploration Corp., Annual General Meeting, Oct 03, 2023. Board Change • Nov 16
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 Scott Eldridge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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 Scott Eldridge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.