Announcement • Jun 24
Gelum Resources Ltd. announced that it has received CAD 4.293096 million in funding On June 22, 2026, Gelum Resources Ltd. closed the transaction. The company issued 11,602,961 units at an issue price of CAD 0.37 per share for gross proceeds of CAD 4,293,095.57. Finder’s fees were paid to Canaccord Genuity Corp. (CAD 34,848.45 cash and 94,185 finder’s warrants) and Haywood Securities Inc (CAD 7,122.50 cash and 19,250 finder’s warrants). Finder’s warrants are non transferable, otherwise they have the same terms as the Warrants. Insider participation included Chad Williams, a director of the Company for 500,000 Units. Announcement • May 20
Gelum Resources Ltd. announced that it expects to receive CAD 5 million in funding Gelum Resources Ltd announced a non-brokered private placement to issue 13,513,514 units at an issue price of CAD 0.37 for gross proceeds of CAD 5,000,000.18 on May 19, 2026. Each unit consists of one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the company at a price of CAD 0.52 per share for a period of 24 months from the closing of the private placement. All securities issued in connection with the private placement will have a four-month and one day hold period in Canada from closing. Finder’s fees of 7% cash and 7% non-transferable finder’s warrants, having the same terms as the warrants, may be paid to eligible finders in accordance with CSE policies and applicable securities laws. New Risk • Mar 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-CA$238k). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.69m market cap, or US$7.06m). Minor Risk Large one-off items impacting financial results. 
