Announcement • 19h
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. Announcement • Mar 12
Gelum Resources Ltd. announced that it has received CAD 1.501052 million in funding On March 11, 2026, Gelum Resources Ltd. closed the transaction. Insider participation included the Company’s new director, Chad Williams for 434,790 units. Finder’s fees were paid to Canaccord Genuity Corp. (CAD 14,007 and 60,900 finder’s warrants), Haywood Securities Inc (CAD 8,050 and 35,000 finder’s warrants) and Ventum Financial Corp. (CAD 4,830 and 21,000 finder’s warrants) 
