New Risk • May 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$515k). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$30.2m market cap, or US$21.9m). New Risk • Mar 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Negative equity (-CA$515k). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$32.6m market cap, or US$23.6m). Announcement • Mar 24
High Tide Resources Corp. announced that it has received CAD 8.327 million in funding On March 23, 2026, High Tide Resources Corp. closed the transaction. The company issued (i) 7,500,000 units at a price of CAD 0.20 per LIFE HD Unit for gross proceeds of CAD 1,500,000, (ii) 22,500,000 charity flow-through units at a price of CAD 0.27 per CFT Unit for gross proceeds of CAD 6,075,000 and (iii) 3,760,000 units at a price of CAD 0.20 per Non-LIFE Unit for gross proceeds of CAD 752,000. The company raised total aggregate gross proceeds of CAD 8,327,000. Certain director and insiders of the Company (the “Insiders”) subscribed to the Offering for an aggregate of 2,470,000 Units. The Company paid eligible finders an aggregate cash commission of CAD 508,250 and issued an aggregate of 1,991,500 finder warrants (the “Finder Warrants”). Each Finder Warrant entitles the holder to acquire one Non-LIFE Unit at a price of CAD 0.20 for a period of 24 months from the date of issuance. The Offerings are subject to the final acceptance of the Canadian Securities Exchange (the “CSE”). 
