New Risk • Jun 21
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 17% 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 (17% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 9x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.1m market cap, or US$9.26m). Announcement • Feb 24
Bolt Metals Corp. announced that it has received CAD 6 million in funding On February 24, 2026, Bolt Metals Corp. closed the transaction. Each warrant is exercisable into one additional share until February 23, 2028. In connection with the offering, the company paid cash finders' fees equal to CAD 16,722.75 and issued 539,428 broker warrants. Each broker warrant may be exercised into one share at an exercise price of CAD 0.41 until February 23, 2027. Announcement • Dec 02
Bolt Metals Corp. announced that it expects to receive CAD 4 million in funding Bolt Metals Corp. announced a non-brokered private placement of up to 12,903,225 special warrants of the company at a price of CAD 0.31 special warrant, for aggregate gross proceeds of up to CAD 3,999,999.75 on December 1, 2025. Each special warrant will automatically convert, for no additional consideration, into one unit of the company on the date that is the earlier of the date that is three business days following the date on which the company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the units underlying the special warrants; and the date that is four months and one day after the closing of the offering. Each unit will comprise one common share and one share purchase warrant of the company, with each warrant exercisable into one additional share at an exercise price of CAD 0.41 for two years from the date of closing. The warrants will be subject to 10% blocker provision that restrict the exercise of any warrants, in the event that such exercise would result in the applicable securityholder holding 10% or more of the issued and outstanding shares at such time. The company may pay finders' fees on the offering within the amount permitted by the policies of the CSE. Prior to the filing of the prospectus supplement and the automatic conversion of the special warrants, the securities issued under the offering will be subject to a four-month hold period from the date of closing of the offering in addition to any other restrictions under applicable law. The offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. 
