New Risk • Dec 06
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 23% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$3.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$14.4m market cap, or US$10.4m). 공시 • Dec 05
Omineca Mining and Metals Ltd. Begins Follow Up Diamond Drill Program at Wingdam Exploration Project in the Cariboo Mining District of South Central British Columbia Omineca Mining and Metals Ltd. announced that it has initiated its 2025 winter drill program at the Wingdam exploration project in the Cariboo Mining District of south central British Columbia. TerraLogic Exploration Inc. of Cranbrook, BC, have provided a high priority follow up program for 2025. The drill crew has been mobilized to conduct the 8 hole, 4,000 meter diamond drill program. Drilling is expected to run through December 2025 with results anticipated to be reported early in the new year. This exploration program continues to be based on the assumption that Lightning Creek may have once flowed west to east before reversing to its present westward flow. The lode source of the rich placer gold beneath Lightning Creek may be related to the Eureka Thrust Fault system, located downstream (west) of the Wingdam underground placer project where 173.4 ounces of placer gold was recovered from a single 2.4 meter wide by 23.5 meter long crosscut sample in 2012. The previous 2024 program was successful in intercepting anomalous gold, copper, lead and zinc concentrations located downstream from the Wingdam underground placer projects. The anomalous concentrations were associated with semi-massive to massive sulphides in ultramafic rocks, mineralized quartz veins and veinlets, and the Eureka Fault zone and its peripheral structures. This year's drill program is designed to follow up on the mineralization found in the 2024 program with continuation drilling further to depth at elevations below the Wingdam underground placer workings, specifically in areas down dip of mineralization in the ultramafic unit intersected in WD24-37. Additional drilling will take place southeast of WD24-37 along strike of the mapped Eureka Thrust Fault towards the UAV magnetic high. Other drilling will consist of deep holes to determine if the quartz veins identified in holes WD24-38 to 40 continue at depth. A progress report from the mining contractor at the Wingdam underground paleoplacer project is to follow and will be covered in a separate update. New Risk • Oct 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.38m) 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 Less than 1 year of cash runway based on free cash flow trend (-CA$3.2m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.1m market cap, or US$9.38m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). 공시 • May 10
Omineca Mining and Metals Ltd. Reports Winter Exploration Drill Results At Wingdam Omineca Mining and Metals Ltd. reported the results from its 8 hole diamond drill program conducted in the winter of 2024 at the Wingdam exploration project in the Cariboo Mining District of south central British Columbia. Gold mineralization was encountered in multiple zones in 6 of the 8 drill holes. Drill holes were sampled top to bottom and from the total of 3,740 meters drilled, where 2835 drill core samples and 253 QAQC samples were collected. These results now begin to validate the Company's theory that the lode source of the rich placer gold beneath Lightning Creek may be in the area west of the Eureka Thrust Fault, downstream of the Wingdam underground placer project. The Wingdam project is significantly underexplored and remains highly prospective for hydrothermal gold mineralization in and around the Eureka Thrust Fault. Plans for a high priority follow-up drill program based on these results are currently being worked on and will be announced once finalized. Specifically, down dip follow-up of mineralization in the ultramafic unit intersected in WD24-37, additional drilling southeast along strike of WD24-37 along the mapped Eureka Thrust Fault towards the UAV magnetic high and deep drilling to determine if the quartz veins present continue at depth in holes WD24-38 to 40.Relatedly, an update of the mining activities at the underground placer gold recovery project is expected in short order and will be announced in a separate news release at an appropriate time. TerraLogic Exploration Inc. of Cranbrook, BC who were contracted for drill hole targeting, geo-technicians and geological analysis received, compiled and have reported the exploration drill results to the Company. Highlights from the results and their analysis are listed below: WD24-37 - drilled to a depth of 462.38 meters The zone at the upper part of the hole between 83.40 and 98.50 m, totaling 15.10 m, had an average grade of 227.25 ppb (.227 g/t) gold, and 1,731.25 ppm nickel including a 2 meter interval from 93.40 to 95.40 m which upgraded 870.00 ppb (0.87 g/t) gold,and 1,286.25 ppm nickel. Further exploration of this ultramafic unit is warranted to determine the source of the anomalous gold concentrations identified in both 2022 and 2024. The Eureka Thrust Fault returned anomalous polymetallic results, and like the first three drill holes, continues to be a conduit for mineralization of significance. WD24-35 - drilled to a depth of 672.38 meters Mineralization was intersected throughout the entirety of WD24-35, with multiple gold mineralized zones encountered anomalous gold, silver, copper, molybdenum, chromium, antimony, nickel and zinc including 556.0 ppb (0.556 g/t) gold from 71.46 to 72.24 m and 251.00 ppb (0.251 g/t) gold and 1,210 ppm nickel from 330.87 to 333.80 m, totaling 2.93 m, which included 0.70 m of 0.536 g/t gold and 1790 ppm nickel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kilometers of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. Omineca also has an exploration and diamond drill program currently underway exploring for the potential multiple hard rock sources of the placer gold at Wingdam. 
