New Risk • Mar 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.2m (US$8.71m) 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.2m market cap, or US$8.71m). New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$22.8m market cap, or US$16.6m). 공시 • Jan 14
Mercado Minerals Ltd. Announces Initiation of Field Exploration Program at Copalito Mercado Minerals Ltd. announced that it has officially commenced its first field exploration program. The Company's technical team has mobilized to the Copalito Project ("Copalito" or the "Project") in Sinaloa, Mexico, where they will execute the first phase of exploration activities to advance Mercado's asset. Program Highlights. Commencement of a detailed mapping and prospecting program focused across 40% of the Project area, which remains unexplored. Re-sampling of silver, gold, lead and zinc vein mineralization in select historical drill core from the 6 principal known veins. Previous historical results from these veins include: 347 g/t silver, 0.22 g/t gold, 0.17% lead and 0.38% zinc over 13.10 m from 54.00 m in BDH-20-004 at the 5 Senores vein. 125 g/t silver, 2.00 g/t gold, 0.,34% lead and 0.58% zinc over 23.00 m from 78.00 m in BDH -21-055 at the El Agua vein. Re-logging of targeted historic drill core to refine geological understanding. Advancing logistics for the upcoming first-phase diamond drill program. Further refinement of drill targets at Copalito. Surface Sampling Program. Mercado's exploration team will conduct detailed mapping, sampling and prospecting across approximately 40% of Copalito, which has never undergone systematic grassroots exploration. Integration of geophysical data with data from this program will help further define high-potential exploration targets. All samples collected will be sent for laboratory analysis to support the development of additional drill targets. Re-Sampling and Re-Logging. Selected intervals of historical drill core will be re-logged and re-sampled in order to verify and align previously collected data with Mercado's internal standards, ensuring consistency and accuracy as the Project advances towards its inaugural drill program. Logistics and Target Refinement. The Company is progressing with field preparations, including securing drill pad access, water sources, power, drill and equipment contractors, and other necessary operational infrastructure for the planned Phase 1 drill campaign. In parallel, the technical team will continue to review and refine drill targets based on ongoing field evaluations. Technical information and data for the Copalito property appears to be of a good standard; However, the Qualified Person has not conducted sufficient work to independently validate the drill core results and other pertinent property data. As a result, the Company is treating drill results from the Copalito Project as historical in nature and are not to be relied on. The Qualified Person will independently verify results of the historic work during a site visit that coincides with the 2026 field program. Qualified Person. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and was reviewed and approved by Kelson Willms, P.Geo., of Archer, Cathro & Associates (1981) Limited. Mr. Willms is a Qualified Person for the purposes of National Instrument 43-101. 공시 • Dec 04
Mercado Minerals Ltd. announced that it has received CAD 1.005 million in funding On December 4, 2025, Mercado Minerals Ltd closed the transaction. Finder’s fees of CAD 70,350 were paid in cash and 351,750 finder’s warrants were issued to certain eligible parties in connection with closing of the Offering. Each finder’s warrant is exercisable at CAD 0.35 until December 4, 2028. All securities issued with respect to the Offering are subject to a four month and a day hold period expiring on April 5, 2026. 공시 • Dec 02
Mercado Minerals Ltd. announced that it has received CAD 5.598 million in funding from Vizsla Silver Corp. On December 1, 2025, Mercado Minerals Ltd. closed the transaction. The company announced that it has issued 27,990,000 units at a price of CAD 0.20 per Unit for gross proceeds of CAD 5,598,000. The Offering included participation and a strategic investment from Vizsla Silver Corp (“Vizsla”) in Mercado. Each Unit consists of one common share and one half of one Common Share purchase warrant. Each Warrant is exercisable by the holder thereof to acquire one Common Share at a price of CAD 0.35 until November 28, 2028. Finder’s fees of AD 218,400 were paid in cash and 1,074,500 finder’s warrants were issued to certain eligible parties. Each finder’s warrant is exercisable at CAD 0.35 until November 28, 2028. All securities issued with respect to the Offering are subject to a four month and a day hold period expiring on March 29, 2026. 공시 • Nov 20
Mercado Minerals Ltd. announced that it expects to receive CAD 1.005 million in funding Mercado Minerals Ltd. announces a non brokered private placement to issue 5,025,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 1,005,000. on November 19, 2025. Each unit in the subsequent offering shall consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire one common share at a price of CAD 0.35 for a period of 36 months. All securities issued under the subsequent offerings will be subject to a hold period of four months and one day in accordance with applicable securities laws. The closing of the subsequent offering is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange. 