Aankondiging • Jul 01
Astra Exploration Provides Exploration Update for La Manchuria and Don Mario Projects Astra Exploration Inc. has provided an update on exploration activities at the La Manchuria low-sulphidation epithermal gold-silver project in Santa Cruz, Argentina, and the Don Mario high-sulphidation epithermal gold project in the Maricunga District of northern Chile. Field observations from the Phase III drill program at La Manchuria indicate the deposit continues to grow and will create more drill targets for the next phase of drilling which is expected to commence in early Fourth Quarter. With the recent financing of CAD 15 million, Astra is well-positioned to continue unlocking value from its exploration assets while minimizing dilution. Astra’s team has also recently completed some low-cost drill targeting field work at the Don Mario project in northern Chile and is expecting those results in the near future. Don Mario is a high-sulphidation epithermal system located in the Maricunga District, one of the most prolific gold belts in the Andes. During the phase III drill program at La Manchuria, every drill hole has intersected veins and/or veinlets, some with visible mineralization, further expanding the system which remains open in all directions. At Don Mario, geological mapping and field observations indicate that the area hosts a large HSE alteration system with potential for gold mineralization. This large alteration footprint has been identified by satellite imagery mapping and will be confirmed by spectral mineralogy, but preliminary exhibits the scale and characteristics commonly associated with major HSE gold systems in the Maricunga belt. Astra has completed the Phase III drill program, consisting of 16 holes totaling approximately 5,170 metres of DDH drilling. Initial assays could be received as early as July, but more likely in August and September. Three holes target the Main Zone at vertical depths ranging from 200 to 300 metres; two holes target near-surface strike extension to the northwest of the Main Zone at vertical depths ranging from 100 to 200 metres; four holes target the Eastern Zone for vein extension along strike and at depth, with vertical depths ranging from 50 to 300 metres; three holes target the Basalto Zone for vein extension along strike and at depth, with vertical depths ranging from 100 to 150 metres; one hole targets the Road Zone for vein extension along strike with vertical depths ranging from 100 to 150 metres; three holes target the central area between the Main and Eastern Zone for vein extension along strike. Field observations including visible mineralization in multiple vein structures, some of which are extensions of known veins, while others are new veins. Veins and/or veinlets were encountered in all 16 drill holes. The Company will be providing additional details as further analysis is completed and assays are received. The Company is awaiting results from a program of low-cost, localized drill targeting work at the Don Mario project which was completed in March-June of this year. Management believes there is potential to discover a large HSE gold system in this world-class gold-copper belt, which is estimated to host in excess of 100 Moz of gold across multiple HSE and porphyry deposits. The following work was recently completed by Astra: Satellite alteration map using WorldView-3 images; Controlled & Natural Source Audiofrequency Magnetotellurics (CS-NSAMT) survey; A combined geochemical (LAG samples) and spectral mineralogy (Terraspec) survey based on a total of around 267 surface samples in a 100 by 200 meters grid. Satellite alteration mapping reveals a northwest elongated 1.8 x 2 kilometre silica-alunite anomaly, with localized northwest to north-south oriented pyrophyllite zones, with acidic mineral anomalies surrounded by kaolinite and neutral clays. Positive results from the CS-NSAMT survey, LAG samples, and Terraspec survey could confirm a very compelling HSE drill target in a region known for similar Tier-1 deposits like Salares Norte and La Coipa, for example. Information disclosed from analogous properties in this news release is not necessarily indicative to the mineralization on the Don Mario property. Aankondiging • Jun 17
Astra Exploration Inc., Annual General Meeting, Aug 26, 2026 Astra Exploration Inc., Annual General Meeting, Aug 26, 2026. New Risk • May 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% 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 3.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$119.6m market cap, or US$87.2m). Aankondiging • May 02
Astra Exploration Inc. announced that it has received CAD 13.00068 million in funding On April 30, 2026, Astra Exploration Inc. closed the transaction. The company issued 19,482,000 common shares at a price of CAD 0.77 per Share for aggregate gross proceeds of CAD 15,001,140, including the full exercise of the underwriters’ option. The company issued 16,884,000 common shares for gross proceeds of CAD 13,000,680 under the offering and issued additional 2,598,000 shares for gross proceeds of CAD 2,000,460 as part of exercised overallotment. In consideration of the services rendered by the Underwriters in connection with the Offering, on closing the Company paid to the Underwriters a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction to 3% for orders on the president’s list. In addition, the Company paid a finder’s fee of 6% cash to an eligible finder in connection with subscriptions from certain purchasers introduced to the Company by such finder. Michael Gentile, an existing shareholder and insider of the Company, participated in the Offering and acquired 324,700 Shares for gross proceeds of CAD 250,019. The Offering remains subject to final approval of the TSX Venture Exchange. Aankondiging • Apr 23
Astra Exploration Inc. announced that it expects to receive CAD 13.00068 million in funding Astra Exploration Inc. has announced that it has entered into an agreement with ATB Capital Markets Inc. in connection with a bought deal private placement to issue 12,988,000 common shares at a price of CAD 0.77 per share for aggregate gross proceeds of CAD 10,000,760 on April 22, 2026. The company has granted the underwriters an option, exercisable in whole or in part at any time prior to closing date, to purchase an additional 1,948,200 shares at the issue price for additional gross proceeds of up to CAD 1,500,114. The shares will not be subject to a hold period in Canada. The offering is expected to close on or about April 30, 2026. The completion of the offering is subject to customary conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The company is conducting offering to purchasers in Canada. The underwriters will also be entitled to offer the shares for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended.
On the same date, the company announced that now it will issue 16,884,000 common shares at a price of CAD 0.77 per share for aggregate gross proceeds of CAD 13,000,680. The company has granted the underwriters an option, exercisable in whole or in part at any time prior to closing date, to purchase an additional 2,598,000 shares at the issue price for additional gross proceeds of up to CAD 2,000,460.The aggregate gross proceeds from the offering (assuming full exercise of the underwriters' option) are expected to be CAD 15,001,140. New Risk • Feb 24
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$5.9m 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$5.9m free cash flow). Earnings have declined by 3.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$70.2m market cap, or US$51.2m). 
