공고 • Jul 16
Blast Resources Identifies Strong Uranium Thorium Anomaly At Wales Lake Uranium Project Blast Resources Inc. announced a strong uranium/thorium anomaly that has been identified at the Wales Lake Uranium Project, which consists of 3 claim groups on the southwest side of the Athabasca Basin, in northern Saskatchewan. A strong Uranium/Thorium anomaly that in GSC survey information trends N-S and extends for approximately 12 km from the south end to near the north end where the anomaly is evident in both the length and width of claim MC00019518. Of additional interest there are 7 faults, shears, or conductors shown from historic information within the claim. This anomaly sits on the eastern side of the Clearwater Domain. The Clearwater Domain in northern Saskatchewan follows a 325 km curvilinearaeromagnetic high and gravity low, extending from south margins of the Athabasca Basin to its northern margin. Although mostly covered by sediments, this geophysical feature is interpreted as a major magmatic event, supported by c. 1.84 Ga granitic outcrops along the Clearwater River. Research by the Geological Survey of Canada's Targeted Geoscience Initiative investigated potential connections between these intrusions and the Patterson Lake corridor (PLC) uranium district. New geophysical surveys and modeling reveal that the Clearwater Domain extends deeper (~22 km) than previously known and dips beneath several PLC deposits. The geological evidence supports a model whereby the radiogenic heat generated by the buried Clearwatergranites created elevated geothermal gradients beneath the overlying sedimentary sequences. This heat promoted mobilization of deep basement fluids containing precious metals, while fault reactivations drew down uranium-bearing oxidized brines to form the deposits. The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, M.Sc., P.Eng., P. Geo., ArctexEngineering Services and who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. 공고 • Jul 08
Blast Resources Inc. Announces Structural Corridor At Wales Lake Project Blast Resources Inc. has announced a structural corridor found on the Blast mineral claims. The Company has 3 claim groups on the southwest side of the Athabasca Basin in northern Saskatchewan. Low magnetic susceptibility in regional surveys shows a NE-SW structural corridor that crosses the Blast claims for 9 km. The feature may be caused by alteration and destruction of magnetic minerals. The significance of a structural corridor zone is that it may host concentrations of uranium mineralization in individual or multiple shears or faults to hundreds of metre depths. This structural corridor is a zone of approximately parallel faults or shears in basement rock. The trend extends both NNW (330°) and SSE (150°) of the Blast claims continuous within the Blast claims for a length of 9 km. Width of the zone as indicated by basement conductors (Fission 3) may be 3 km. Info on this target are as a result of the December 2024 airborne magnetic survey done by the Company and historic F3 Uranium field work (public domain). In structural geology, a structural corridor refers to a long, relatively narrow area defined by specific geological structures, such as faults, shears or folds, which can influence the location of geological features and resources. The Athabasca Basin's structural corridors are critical for understanding the sites of uranium mineralization, particularly the relationship to unconformity-related deposits. These corridors, often major fault zones, act as pathways for uranium-bearing fluids and provide geometric traps for ore deposition. The Company is focussed on conductors in basement rock that acted as traps for uranium mineralization. Unconformity-related deposits, uranium mineralization is often associated with the unconformity surface, where older basement rocks are overlain by younger sedimentary rocks. Conductors in the basement rocks can guide fluids from deeper sources to the unconformity, where they can deposit uranium. The Wales Lake project is accessible along the all-weather gravel road provincial highway 955 from La Loche to the past-producing Cluff Lake uranium mine. Highway 955 crosses approximately 1.5km to the east of the project, and access to the west may be on ungazetted bush roads and tracks. The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, M.Sc., P.Eng., P. Geo., Arctex Engineering Services and who is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Situated south of Wales Lake and positioned just outside the southwest margin of the Athabasca Basin, the Project is strategically located within the Patterson Lake Corridor which hosts two significant uranium deposits (Triple R Deposit, 2,200,000 @ 1.58 U308 and 0.51 g/t Au & the Arrow Deposit which is the largest source of low-cost uranium globally, delivering up to 30,000,000 pounds of high-grade uranium per year). The deposits represent one of the largest high-grade uranium systems globally, comparable to world-class deposits such as McArthur River, Cigar Lake, and Key Lake. 공고 • Jul 05
Blast Resources Announces Exploration Results At Its Wales Lake Project In The Athabasca Basin Region Blast Resources Inc. summarized results of exploration programs completed on 3 groups of claims in the southwestern Athabasca Basin region, northern Saskatchewan. In December 2024, a high resolution airborne magnetic survey was flown over the Britt Lake, the Brazier South and North Agar claims collectively referred to as the "Wales Lake Project". Five targets are selected for further investigation, based on magnetic lineaments and regional uranium/thorium anomalies. There are two structural trends, oriented NNW-SSE and NW-SE identified in the project area, likely representing the main tectonic fabric of the Taltson Domain locally. On a regional scale, folding in the Taltson is along a NE-SW axis, identified by magnetic stratigraphic markers. The Wales Lake project is apparently at the closure of a regional fold axis which trends NE-SW. The two major structural elements are noteworthy: a structural corridor, oriented NNW-SSE which disrupts the magnetic stratigraphy and is magnetite-destructive, possibly indicative of alteration; and a tectonic break, oriented NW-SE which appears to be a boundary between basement lithologies. The geological exploration model is designed to test conductors and primarily fault-controlled basement-hosted mineralization such as Rabbit Lake (Eldorado), and Arrow (NexGen Energy) and Triple R (Paladin) occurrences that are hosted in the Taltson Domain. The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, M.Sc., P.Eng., P. Geo., and who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Situated south of Wales Lake and positioned just outside the southwest margin of the Athabasca Basin, the Project is strategically located within the Patterson Lake Corridor which hosts two significant uranium deposits (Triple R Deposit, 2.2 Mt @ 1.58 U308 and 0.51 g/t Au & the Arrow Deposit which is the largest source of low-cost uranium globally, potentially delivering up to 30 million pounds of high-grade uranium per year). The deposits represent the largest high-grade uranium systems globally, comparable to world-class deposits such as McArthur River, Cigar Lake, and Key Lake. New Risk • Jun 28
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$975k 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$975k free cash flow). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.8m market cap, or US$9.03m). New Risk • Jun 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.80m) 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 Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.80m). 공고 • Jun 02
Blast Resources Inc Announces CFO Changes Blast Resources Inc. announced the resignation of Derek Tam as Chief Financial Officer of the Company. Casey Forward assumed the role of interim CFO. New Risk • Mar 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% 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 Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$17.0m market cap, or US$12.3m). 공고 • Feb 24
Blast Resources Inc. announced that it expects to receive CAD 0.75 million in funding Blast Resources Inc. announces a non-brokered private placement to issue 3,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 750,000 on February 23, 2026. Each Unit will be comprised of one common share of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD 0.35 per common share for a period. The Company may pay finder’s fees to eligible finders in connection with the Offering. All securities to be issued under the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange of two years from the closing of the Offering, subject to acceleration. 공고 • Dec 24
Blast Resources Inc. announced that it has received CAD 0.215 million in funding On December 23, 2025, Blast Resources Inc. closed the transaction. Each warrant will entitle the holder to acquire an additional common share at a price of CAD 0.35 until December 23, 2027. In connection with the offering, the company paid cash finder’s fees of CAD 21,500. 공고 • Oct 16
Blast Resources Inc., Annual General Meeting, Nov 28, 2025 Blast Resources Inc., Annual General Meeting, Nov 28, 2025. New Risk • Jul 02
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$496k 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$496k free cash flow). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.58m market cap, or US$4.82m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). New Risk • Mar 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% 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 Share price has been highly volatile over the past 3 months (68% average weekly change). Negative equity (-CA$137k). Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.56m market cap, or US$3.17m). 공고 • Mar 01
Blast Resources Inc. announced that it has received CAD 0.675 million in funding On February 28, 2025, Blast Resources Inc. closed the transaction. The company announced that it has issued LIFE offering of 4,500,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 675,000. Each unit will comprise one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of CAD 0.25 per common share for a period of two years from the date of issuance. In connection with the Offering, the Company paid cash finder’s fees of CAD 67,500 to an eligible arm’s length finder. Pursuant to the securities forming part of the Units issued to Canadian resident subscribers under the Offering are not subject to resale restrictions. 공고 • Jan 17
Blast Resources Inc. announced that it expects to receive CAD 0.675 million in funding Blast Resources Inc. announced arranged a non-brokered private placement LIFE offering of 4.5 million units at a price of CAD 0.15 per unit for gross proceeds of CAD 675,000 on January 16, 2025. Each unit will comprise one common share and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of CAD 0.25 per common share for a period of two years from the date of issuance, subject to acceleration. In connection with the offering, the company may pay cash finders' fees of up to 10 per cent of the gross proceeds raised from the offering. The offering is expected to close on or about February 7, 2025. New Risk • Dec 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$137k 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$137k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.95m market cap, or US$1.35m). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). 공고 • Nov 15
Blast Resources Inc. announced that it has received CAD 0.15 million in funding On November 14, 2024. Blast Resources Inc. has closed the transaction. 공고 • Aug 06
Blast Resources Inc., Annual General Meeting, Sep 20, 2024 Blast Resources Inc., Annual General Meeting, Sep 20, 2024. 공고 • Jul 31
Blast Resources Inc. announced that it expects to receive CAD 0.15 million in funding Blast Resources Inc. announced a non-brokered private placement of non-transferable unsecured convertible debentures for aggregate gross proceeds of up to CAD 150,000 on July 30, 2024. The debentures will bear no interest and will mature on the date that is six months from the date of issuance. The principal amount of the debentures may, at the holder's election, at any time before the maturity date and subject to the restriction below, be converted into common shares at CAD 0.05 per share. The debentures and any securities issuable upon conversion will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws. New Risk • Jun 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$13k 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$334k free cash flow). Shares are highly illiquid. Negative equity (-CA$13k). Revenue is less than US$1m. Market cap is less than US$10m (CA$947.6k market cap, or US$692.6k). Board Change • Feb 01
High number of new directors Independent Director Anish Pabari was the last director to join the board, commencing their role in 2023. New Risk • Oct 01
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$194k 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$194k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.64m market cap, or US$1.94m). Minor Risk Less than 3 years of financial data is available.