Aankondiging • Apr 24
Gold Candle Ltd. completed the acquisition of Fokus Mining Corporation (TSXV:FKM). Gold Candle Ltd. executed letter of intent to acquire Fokus Mining Corporation (TSXV:FKM) on January 18, 2026. Gold Candle Ltd. entered into a definitive arrangement agreement to acquire Fokus Mining Corporation for CAD 53.8 million on February 11, 2026. Shareholders will receive cash consideration of $0.26 per share, providing immediate value and liquidity. The transaction will be financed through equity investment of CAD 50.05 million. In case of termination of transaction, Fokus Mining Corporation will pay a termination fee of CAD 1.80 million. The consideration represents a premium of 33.3% to the closing price of the Shares on the TSX Venture Exchange (the "TSXV") on February 11, 2026, and a premium of 36.8% to the 10-day volume-weighted average trading price of the Shares on the TSXV as of February 11, 2026.
The Transaction must also be approved by the Superior Court of Québec. The deal has been unanimously approved by Fokus Mining's Board of Directors and Special Commitee and recommend that Fokus shareholders vote in favour of the transaction. The transaction is expected to close during the second quarter of 2026. As of April 14, 2026, the transaction has been approved by the shareholders of Fokus Mining. The hearing in respect of the Final Order is expected to take place on April 17, 2026.
Clarus Securities Inc. acted as financial advisor and fairness opinion provider for the Special Committee of Fokus Mining Corporation. Upon terms of the Engagement Agreement also provide that Clarus will: (i) be paid a work fee of CAD 25,000 payable upon the execution of the Engagement Agreement; (ii) will receive a completion fee of CAD 50,000 upon completion or delivery to the Special Committee of the Fairness Opinion; and (iii) will be reimbursed for its reasonable expenses.
Kari MacKay of Goodmans LLP acted as legal advisor for Gold Candle Ltd. Jean Tessier of Bennett Jones LLP acted as legal advisor for Fokus Mining Corporation. Lavery, De Billy acted as legal advisor for the Special Committee of Fokus Mining Corporation. PowerOne Capital Markets Limited acted as financial advisor for the Board of Directors of Fokus Mining Corporation. Computershare Investor Services Inc. acted as transfer agent and depository of Fokus Mining Corporation.
Gold Candle Ltd. completed the acquisition of Fokus Mining Corporation (TSXV:FKM) on April 22, 2026. As a result of the completion of the arrangement, it is expected that the shares will be delisted from the TSX Venture Exchange, OTCQB tier of the OTC Markets Group, and Open Markets segment of the Frankfurt Stock Exchange shortly after the date hereof, and that Fokus will promptly apply for an order to cease to be a reporting issuer (or equivalent) in each of Alberta, British Columbia and Québec Aankondiging • Feb 13
Gold Candle Ltd. entered into a definitive arrangement agreement to acquire Fokus Mining Corporation (TSXV:FKM) for CAD 47.8 million. Gold Candle Ltd. entered into a definitive arrangement agreement to acquire Fokus Mining Corporation (TSXV:FKM) for CAD 47.8 million on February 11, 2026. Shareholders will receive cash consideration of $0.26 per share, providing immediate value and liquidity. The transaction will be financed through equity investment of CAD 50.05 million. In case of termination of transaction, Fokus Mining Corporation will pay a termination fee of CAD 1.80 million. The consideration represents a premium of 33.3% to the closing price of the Shares on the TSX Venture Exchange (the "TSXV") on February 11, 2026, and a premium of 36.8% to the 10-day volume-weighted average trading price of the Shares on the TSXV as of February 11, 2026.
The Transaction must also be approved by the Superior Court of Québec. The deal has been unanimously approved by Fokus Mining's Board of Directors and Special Commitee and recommend that Fokus shareholders vote in favour of the transaction. The transaction is expected to close during the second quarter of 2026.
Clarus Securities Inc. acted as financial advisor and fairness opinion provider for the Special Committee of Fokus Mining Corporation. Goodmans LLP acted as legal advisor for Gold Candle Ltd. Bennett Jones LLP acted as legal advisor for Fokus Mining Corporation. Lavery, De Billy acted as legal advisor for the Special Committee of Fokus Mining Corporation. Board Change • Dec 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Director Luc Gervais was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • May 01
Fokus Mining Corporation, Annual General Meeting, Jun 27, 2025 Fokus Mining Corporation, Annual General Meeting, Jun 27, 2025. Location: quebec, montreal Canada Aankondiging • Apr 23
Fokus Mining Corporation Identifies Multiple Targets from Deep Titan Geophysical Survey and Prepares for Phase 2 Drilling Fokus Mining Corporation provided an update on its 2025 exploration activities at the Galloway Property ("Galloway Project"), located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. The Galloway Project outlined a NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41.2 Mt at 1.07 g/t Au) at USD 1,750/oz, or 1.79 million ounces (57.5 Mt at 0.97 g/t Au) at $1,960/oz, as detailed in March 23, 2023, press release. This update follows the completion of a deep-penetrating TITAN geophysical survey and provides an overview of the Phase 2 drilling program, which will target newly identified anomalies across the Galloway Project. The survey conducted at the Galloway project was completed over 8 lines with a 200 meters line spacing, totaling 32.9-line kilometers, and covering an approximate area of 605 hectares. Fokus Mining is set to resume drilling in the coming days with the start of Phase 2 of its 2025 exploration program. The objective of Phase 2 is to conduct step-out drilling around known mineralized zones and to test newly identified anomalies, with the aim of making new discoveries near existing resources. Highlights include hole GA-23-76, which intersected 51.13 g/t Au over 5 meters, and hole GA-24-86, which returned 10.06 g/t Au over 10.0 meters, including 6 meters grading 15.91 g/t Au (Fokus Mining Corp., April 16, 2024, "Fokus Mining Intersects 10 Metres Grading 10.06 g/t at the Galloway Project". The current hole is designed to test a strong chargeability anomaly located adjacent to a magnetic inversion, approximately 125 meters down-dip from the known Moriss mineralization. A third hole will target a magnetic anomaly near Zone 59, following up on results from hole GA-21-59. The scientific and technical disclosure related to drilling results, assays, and mineral resource estimates for Fokus included in this press release have been reviewed and approved by Nathalie Landry, P. Geo. Factors that could cause future results to difference materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with exploration, drilling and assay results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company is able to secure permitting and other governmental clearances necessary to carry out The Company will not be able to carry out the company's exploration plans. Aankondiging • Apr 10
Fokus Mining Corporation Intersects 0.90 G/T AueQ over 33 Metres Including 1.67 G/T Aueq over 10.1 Metres and Provides Update on Phase 1 Exploration Program Fokus Mining Corporation announced an update of its 2024-2025 exploration program on the Galloway Property ("Galloway Project"), located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. The Galloway Project outlined a NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41.2 Mt at 1.07 g/t Au) at USD 1,750/oz, or 1.79 million ounces (57.5 Mt at 0.97 g/t Au) at $1,960/oz. This press release highlights the Company's recent drilling results and provides update on Phase 1 exploration program. Recent Drilling Highlights: The Company is announcing results from the extension of drill hole GA-24-91, which targeted the RB (Renault-Bay) deposit, as well as from drill holes GA-25-93, GA-25-94, and GA-25-95, which intersected the Hurd target at the Galloway Project. Recent results from the Hurd target, located 300 meters northeast of RB, highlight the presence of multiple broad mineralized zones that continue to expand across the property. The data suggest a significant gold system with meaningful copper intersections, indicating potential for an open-pit bulk-tonnage operation. Drilling completed earlier in Phase 1 confirmed the presence of a higher-grade core at depth within the Hendrick zone, supporting the potential for a bulk-tonnage underground operation. At GP and RB, drilling extended the near-surface mineralized footprint along strike, further reinforcing the potential for a larger-scale open-pit configuration. Aankondiging • Jan 30
Fokus Mining Corporation Expands Mineralized Footprint Connecting GP and Hendrick Deposits At the Galloway Project Fokus Mining Corporation announced an update of its 2024-2025 exploration program on the Galloway Property ("Galloway Project"), located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. This update highlights the Company's recent drilling results, planned drilling campaign and upcoming geophysical survey. The Company has also strengthened its financial position to assist in advancing exploration efforts. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Additional Independent Director Luc Gervais was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 18
Fokus Mining Corporation announced that it has received CAD 1.875 million in funding On October 17, 2024, Fokus Mining Corporation closed the transaction. Aankondiging • Sep 13
Fokus Mining Corporation announced that it expects to receive CAD 1.5 million in funding FOKUS MINING CORPORATION announced a best efforts non-brokered private placement to issue 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 and 25,000,000 flow-through units at an issue price of CAD 0.08 per unit for the gross proceeds of CAD 1,000,000; aggregate gross proceeds of CAD 1,500,000 on September 12, 2024. Each Unit will be comprised of one common share and one Common Share purchase warrant and d each FT Unit will comprised of one flow through Common Share and one Warrant. Each Warrant will entitle its holder to acquire one Common Share at a price of CAD 0.08 per share for a period of three years from the issuance date. The company will pay a finder's fee to an arm's length finder consisting of: (i) a cash fee equal to 7% of the gross proceeds raised via subscribers introduced by such finder and (ii) finder warrants equal to 8% of the total number of Offering Units issued to subscribers introduced by such finders. Each Finder Warrant is exercisable for one Unit at a price of CAD 0.05 per Unit, for a period of three years from the closing date of the Offering. Closing of the Offering is subject to a number of conditions, including, without limitation, approval of the TSX Venture Exchange (the "TSXV") and receipt of all necessary corporate and regulatory approvals. The closing of the Offering is expected to take place on or before October 4, 2024, or such other date as may be determined by the Company. Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of the applicable closing of the Offering. New Risk • Sep 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$1.4m 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$1.4m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€3.37m market cap, or US$3.72m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Aankondiging • Jul 04
Fokus Mining Corporation Announces Results of Sensitive Analysis of the Gold Price on the Initial NI 43-101 Mineral Resource Estimate for its 100%-Owned Galloway Gold Project Located in the Abitibi Region of Quebec Fokus Mining Corporation announced the results of a sensitivity analysis of the gold price on the initial NI 43-101 Mineral Resource estimate ("MRI") for its 100%-owned Galloway gold project located in the Abitibi region of Quebec. Using the same model as for the initial NI 43-101 MRI at a gold price of USD 2,300 per ounce, and a cut-off grade of 0.70, inferred resources would be estimated at 2.71 million ounces of gold. As announced in the release of May 8th, 2024, Fokus commissioned InnovExplo to develop a new sensitivity model for the NI 43-101 compliant resource estimate published in March 2023. In this regard, the results are very convincing and confirm the hypotheses that led Fokus to request this study. The impact of a higher gold price is very significant on the model used to produce the independent NI 43-101 mineral resource estimate, published on March 23, 2023. The gold price used, at that time, was an average at USD 1,750 per ounce and inferred resources were estimated at 1.4 million ounces of gold with a cut-off at 0.9g/tonne. In addition, it is important to mention that 1) the study did not assess the potential of an open pit model; and 2) since the completion of the initial MRI, over 35 holes have been drilled in the westernmost part of Galloway with interesting gold results. Aankondiging • Apr 28
Fokus Mining Corporation, Annual General Meeting, Jun 20, 2024 Fokus Mining Corporation, Annual General Meeting, Jun 20, 2024. Aankondiging • Apr 19
Fokus Mining Corporation Appoints Luc Gervais to Its Board of Directors Fokus Mining Corporation appointed Mr. Luc Gervais, to its Board of Directors. This important appointment takes effect immediately. Luc Gervais has 40 years of experience in engineering, construction and maintenance in the mining and metallurgy sectors. He has held several management positions with metallurgy producers as well as contractors and EPCM firms. He has led many studies for numerous mining companies and worked on various projects in Canada and abroad. In addition, he currently sits on the board of Mosaic Minerals and was until recently on the board of Vanstar Mining Resources. Mr. Gervais possesses a keen sense of business and holds a mining engineering degree from Laval University. Aankondiging • Apr 17
Fokus Mining Corporation Intersects 10 Metres Grading 10.06 G/T At the Galloway Project Fokus Mining Corporation, announced that it has intersected 10m grading 10.06 g/t Au and 11.45 g/t Au silver on the Moriss showing, located in the western part of the Company's 100%-owned Galloway project. Fokus intersects 10m grading 10. June g/t Au including 6m grading 15.91 g/t Au on the Moriss showing. Fokus finds significant Au values in the area of the Fayolle showing. Fokus confirms the gold-bearing extension of the Hurd Zone at depth. Four of the six holes drilled during the short 1,300-metre winter 2024 drilling program on the Moriss Zone returned significant gold values. This program follows on from the 1,500m program conducted in late autumn 2023 on the same showing. In virtue of the new regulations, the Company will submit its program to the various stakeholders in order to obtain all the permits required to continue its work. With the recent rise in the price of gold, it has become imperative for the Company to accelerate its work to re- evaluate the resource potential accessible on surface in the GP and RB areas, two zones which are also close to rail and highway infrastructure. An initial 43-101 resource estimate carried out in 2023 by the firm InnovExplo Inc. indicated a global inferred resource of 1.42M ounces of gold at a grade of 1.07 g/t Au (cut-off of 0.90 g/t Au) at a price of USD 1,750 perounce of gold. The sensitivity analysis presented in the same 43-10 1 report indicates a quantity of 1.788 million ounces of gold grading 0.97 g/t Au (cut theoff of 0.80 g/t Au) at an price of USD 1,960 per ounce. Most of the work that should potentially be completed in 2024 will be used to improve the quality of the resource and increase the quantity possible in the resource. Aankondiging • Apr 05
Fokus Mining Corporation announced that it has received CAD 0.15 million in funding Fokus Mining Corporation announced a private placement to issue 3,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 150,000 on April 4, 2024. The transaction will include participation from 5 investors. Each Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of CAD 0.06 for a period of three years from the closing date. In connection with the private placement, the Company did not pay any commission or finder's fee and no insiders participated in the placement. Following the private placement, there are 125,309,460 common shares issued and outstanding. Under applicable legislation, the securities issued in the private placement are subject to a four-month hold period, expiring on August 5, 2024. The private placement remains subject to final approval by the TSX Venture Exchange. Aankondiging • Feb 07
Fokus Mining Corporation Announces Discovery of New Gold Zone North of the Galloway Project Fokus Mining Corporation announce that it intersected gold grading 51.13 g/t Au over 5 metres on the Moriss showing, located in the western part of the Galloway project. Last December, the Company drilled five new holes in the Moriss area to evaluate the direction of the gold-bearing veins. At present, it is not possible to determine with certainty the direction of the veins in this area; however, initial interpretations following these results suggest the presence of gold-bearing structures intersecting the Moriss zone perpendicularly. Since Fokus' winter 2020-2021 campaign on the Moriss area, there have been a number of unanswered questions regarding the direction of various mineralized zones intersected in this part of the Galloway project. Following an analysis of the data, the Company designed a drilling program to assess the possible presence of a north-south trending gold system intersecting the Moriss shear zone. Based on the results obtained, this appears to be the case. The Company also announces that it has intersected several anomalous gold values by drilling in the Fayolle showing area. This area, located some 400 metres north of Hurd, has been little prospected in the past and is associated with significant magnetic anomalies. The two holes were drilled to test their gold potential. Management is currently preparing a new drilling campaign, which should begin in the next few weeks. Details will be released when all the results of the last campaign are in, but it's likely that the Moriss zone will be the focus of this new program. Aankondiging • Jan 18
Fokus Mining Corporation Provides Exploration Update Fokus Mining Corporation provide an exploration update on its Galloway project located in the Abitibi region of Québec. As mentioned in previous press releases, last November's program was to include a minimum of 1,500 metres of diamond drilling with seven or eight holes. This target has been exceeded: Five holes have been drilled on the Moriss mineralised area for a total of 903 metres (holes GA-23-75 to GA -23-79); and Three holes have been drilled in the Fayolle mineralised area for a total of 840 metres (holes GA-23-80 to GA-23-82). Described the objectives of the drilling campaign on the Moriss zone, which followed on from an earlier drilling campaign by Fokus. However, this is the Company's first exploration effort to test the Fayolle area of Galloway located approximately one kilometre north of the Hurd area and approximately 3.5 km north-east of the GP zone. Previous companies drilled a few shallow holes on Fayolle and obtained some low-grade gold values. The scientific and technical disclosure for Fokus included in this news release have been reviewed and approved by Gilles Laverdière, P. Geo. Mr. Laverdière is geologist and qualified person under National Instrument 43-101 Standards of Disclosure of Mineral Projects ("NI 43-101") and a director of the Company. Aankondiging • Dec 05
Fokus Mining Corporation announced that it expects to receive CAD 0.45 million in funding Fokus Mining Corporation announced a private placement that it will issue up to 11,250,000 units at a price of CAD 0.04 per unit for the gross proceeds of CAD 450,000 on December 4, 2023. Each of the units will comprise one common share and one common share purchase warrant. Each unit warrant will entitle its holder to acquire one additional common share of company at a price of CAD 0.06 for a period of four years from the closing date. No finder fees or commissions are expected to be paid in connection with the private placement. All securities issued under this private placement will be subject to applicable resale restrictions under applicable securities laws and to the exchange hold period. The transaction remains subject to the approval of the exchange. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Director Jean-David Moore was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 29
Fokus Mining Corporation Begins Its Winter Drilling Program on the Galloway Project Fokus Mining Corporation announce that it began its winter drilling program on the Galloway Project in the Abitibi region last week. This campaign will be entirely devoted to drilling, with a minimum of 1,500 metres planned. As indicated in the press release of September 6, 2023, the first series of holes is being completed on the Moriss Zone for a total of around 950 metres with six shallow holes designed to validate a possible NS gold system. Several holes had already intersected high gold values in this sector and an initial NI 43-101 compliant resource estimate for Moriss was released earlier in 2023: 514,000 tonnes grading 2.74 g/t gold. The program will also include a series of holes in the Fayolle sector located North East of Moriss. In other news, Fokus states that the sponsorship contract that the Company had signed with RocksAndStocksNews, a private company based in Mexico and headed by Allan Laboucan, expired on October the 17, 2023. The contract with this online precious metals and mining stocks portal, worth $15,000, had been paid in full at the beginning of the period, and therefore no shares or options were given as additional compensation. The Company has also just entered into a one month sponsorship agreement with Gold Investment Letter, a Miami based private entity for cash consideration of $50,000. No shares or options will be issued as part of compensation. The scientific and technical disclosure for Fokus included in this news release have been reviewed and approved by Gilles Laverdière, P. Geo. Mr. Laverdière is geologist and qualified person under National Instrument 43-101 Standards of Disclosure of Mineral Projects ("NI 43-101") and a director of the Company. Aankondiging • Oct 27
Fokus Mining Corporation announced that it expects to receive CAD 0.32684 million in funding Fokus Mining Corporation announced a non-brokered private placement of up to 500,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 25,000 and 5,030,667 flow-through units at a price of CAD 0.06 per unit for the gross proceeds of CAD 301,840.02 for the aggregate gross proceeds of CAD 326,840.02 on October 26, 2023. Each of the units is comprised of one common share and one common share purchase warrant and each of the Flow-Through unit is comprised of one common share and one-half of a common share purchase warrant. Each unit warrant entitles its holder to acquire one additional common share at a price of CAD 0.08 for a period of three years from the closing date and each Flow-through unit warrant entitles its holder to acquire one additional common share at a price of CAD 0.08 for a period of two years from the closing date. In connection with the private placement, the company paid cash commissions to three securities dealers in an aggregate amount of CAD 18,200 and granted finders' warrants to one of the securities dealers entitling it to acquire up to 40,000 additional common shares of the company at a price of CAD 0.08 per share until October 25, 2026 and to another one of the securities dealers entitling it to acquire up to 20,000 additional common shares of the company at a price of CAD 0.08 per share until October 25, 2025. Additional closings of the private placement may be held until November 13, 2023, subject to a maximum of an additional 4,500,000 units at a price of CAD 0.05 per unit and a maximum of an
additional 3,969,333 FT units at a price of CAD 0.06 per FT unit to subscribers in Québec, for total maximum gross proceeds of CAD 463,159.98. New Risk • Sep 03
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$1.9m 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$1.9m free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€4.68m market cap, or US$5.04m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Aankondiging • Jun 30
Fokus Mining Corporation announced that it has received CAD 0.4245 million in funding On June 29, 2023, Fokus Mining Corporation closed the transaction. The company has received CAD 424,500 in the transaction. The company received its second and final tranche. The company issued 1,010,000 units at an issue price of CAD 0.08 per unit for gross proceeds of CAD 80,800. The private placement remains subject to the final approval of the TSX Venture Exchange. Aankondiging • Jun 15
Fokus Mining Corporation to Resume Drilling on Newly Discovered RB Zone in Galloway Fokus Mining Corporation announced the beginning of approximately 1,650 metres of exploration drilling to further test the RB Zone in which it has drilled 12 holes to date (press release dated March 28th, 2023). RB is one of two major new targets detected in the latest high-resolution airborne magnetic survey in the Renault Bay intrusion area of the Galloway project. Following the results of the last drilling campaign on the RB zone, where good gold values were obtained in the first 200 metres from surface, the Company decided to drill 7 additional shallow holes to increase the level of confidence in the near-surface gold mineralisation. All the holes are infill with a dip of between 50 and 75 degrees and varying in length from 200 to 260 metres. The RB Zone is located to the east of the GP gold zone. It was discovered in 2022 because of its magnetic signature, which is similar to that of the gold-bearing syenitic intrusions already known in this part of Galloway. The RB Zone is also in a similar geological setting to the Hendrick Zone and sets the stage for Au-Cu Porphyry mineralisation in the main Renault Bay intrusion. It should be noted that the mineralisation starts closer to surface (press release dated December 1rst, 2022). Aankondiging • May 10
Fokus Mining Corporation Appoints Jean-David Moore to Its Board of Directors Fokus Mining Corporation appoints Mr. Jean-David Moore, P.Eng. in forestry, to its Board of Directors. This important appointment takes effect immediately. Jean-David Moore has been a consultant and an adviser to several mineral exploration and development companies for more than fifteen years. He also holds large holdings in several mineral exploration companies and has developed a strong relationships network in the sector. He currently owns 8.2 million common shares of Fokus. A graduate of Laval University in Forestry Engineering, Mr. Moore holds a master's degree also from Laval University, in Québec. He is a member of the Order of Forest Engineers of the Province of Québec (OIFQ). As a forestry scientist, he has published more than 70 scientific publications in different international journals. Aankondiging • Feb 01
Fokus Mining Corporation Intersects 229.5 Metres Grading 1.03 g/t Au, Including 130 Metres Grading 1.41 g/t Au in the RB Zone of the Galloway Project Fokus Mining Corporation announced that hole GA-22-63 intersected 1.03 g/t Au over a hole length of 229.5 metres including a 130.50 metre zone grading 1.41 g/t Au, which also included a 43.5 metre zone grading 2.04 g/t Au. This gold-bearing section, traced from 117 to 346.5 metres along the hole, is located in an intermediate hematite- and sericite-rich and sometimes porphyritic intrusive. Very fine pyritization forms the bulk of the mineralization. Three other holes drilled in the same area also intersected several significant gold zones in the same geological context. GA-22-60 revealed a 24-metre zone grading 1.37 g/t Au followed by a second gold zone of 31.50 metres grading 1.31 g/t Au while hole GA-22-61 graded 1.25 g/t Au over a width of 13.5 metres. Finally, GA-22-62 returned 40.50 metres grading 1.15 g/t Au. It should be noted that these holes also intersected several other small significant gold zones throughout the drilling. The main objective of this 4-hole, 1,150 metre program, completed in December 2022, was to assess the continuity at depth of the RB Zone. The results obtained from the entire program demonstrate this possibility. A second drilling program of approximately 1,200 metres was started around January 8 and will be completed in the next few days on the same showing. Also consisting of four holes, this one is designed to test the possible extension of the RB zone to the east as well as its further extension at depth. The RB zone was outlined in 2021 by drill holes GA-21-28, GA-21-45, GA-21-46 and GA-21-49. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Gilles Laverdiere is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Gilles Laverdiere is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Sep 17
Fokus Mining Corporation Announces Chief Executive Officer Changes Fokus Mining Corporation announced that it has appointed Mr. Jean Rainville to its Chief Executive Officer effective immediately. Mr. Rainville replaces Mr. Thibaut Segeral who will continue to serve as Chairman of the Board of Directors of Fokus. Mr. Rainville has over 40 years of experience in the mining industry and financial markets. From 2008, his principal occupation was President and CEO of Blackrock Metals Inc. In 2018, Mr. Rainville ceased to serve as CEO, while retaining his position as President until late 2019, at which time he became a consultant. Previously, Mr. Rainville worked as an engineer, a fund manager and a director of corporate finance and has also served as a director or advisor for several public companies.