New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$766k free cash flow). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.97m market cap, or US$2.90m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). New Risk • Jan 16
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$667k 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$667k free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.49m market cap, or US$1.79m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Oct 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.14m market cap, or US$2.97m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Aug 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.54m market cap, or US$3.28m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). 공지 • Aug 16
Bathurst Metals Corp. announced that it has received CAD 0.34075 million in funding On August 15, 2025, Bathurst Metals Corp. closed the transaction. The company announced that it has issued 2,026,667 Units at a price of CAD 0.075 per Unit for gross proceeds of CAD 152,000 in second and final tranche. The Company issued an aggregate of 4,543,334 Units at a price of CAD 0.075 per Unit for gross proceeds of CAD 340,750. Each unit consists of one common share and one common share purchase warrant of the Company. Each whole share purchase warrant entitles the holder, on exercise, to purchase an additional common share of the Company at a price of CAD 0.15 per share for a period of two years from closing. Finders’ fees of 7% cash were paid on a portion of this tranche. An insider of the Company was issued an aggregate of 500,000 Units through the insider’s wholly-owned corporation. Board Change • Jun 25
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. 2 non-independent directors. Independent Director Greg Bronson 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. 
