New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.8m (US$9.95m) 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$5.2m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (159% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.8m market cap, or US$9.95m). Announcement • Apr 29
Core Silver Corp. (CNSX:CC) entered into a binding letter of intent to acquire Arcus Development Group Inc. (TSXV:ADG) for CAD 14.4 million. Core Silver Corp. (CNSX:CC) entered into a binding letter of intent to acquire Arcus Development Group Inc. (TSXV:ADG) for CAD 14.4 million on April 26, 2026. As part of the acquisition, Core Silver Corp. will acquire all of the issued and outstanding common shares of Arcus Development Group Inc. on a 1:1 basis in an all share transaction to ultimately form a combined company. Pursuant to the terms of the LOI, Core Silver will issue one (1) Core Silver Share in exchange for every one (1) Arcus Share held by an Arcus Shareholder at the effective time of the Proposed Transaction, for an aggregate of approximately 21,221,140 Core Silver Shares. Accordingly, upon completion of the Proposed Transaction, the Arcus Shareholders will hold approximately 39.2% of the 54,141,705 issued and outstanding common shares of the Resulting Issuer on a non-diluted basis. In a related transaction, Core Silver has been granted an exclusive option to acquire up to a 20% undivided interest in the Touleary Project, together with all rights derived therefrom, subject to a 1% net smelter return (NSR) royalty held by ATAC Resources Ltd. Following completion of the Proposed Transaction, Arcus Development Group Inc. will operate as a wholly owned subsidiary of Core Silver Corp. and the Resulting Issuer will carry on the business currently carried on by Core Silver and Arcus.
The transaction is subject to the necessary regulatory approvals, including non objection or final acceptance from the Canadian Securities Exchange (“CSE”) and TSX Venture Exchange (“TSXV”), respectively. The Proposed Transaction is also expected to require the approval of the holders of Arcus Shares, if consummated by way of a plan of arrangement under the Business Corporations Act, will require the approval of the Supreme Court of British Columbia and the parties entering into a Definitive Agreement. Announcement • Apr 21
Core Silver Corp., Annual General Meeting, Jun 16, 2026 Core Silver Corp., Annual General Meeting, Jun 16, 2026. 
