Announcement • Jun 17
Lighthouse Gold Inc. (CNSX:LGHT) entered into a binding letter of intent to acquire a 100% interest in Mariwa/Sardine Hill - Lower Cuyuni Gold Property in Guyana for $4.43 million. Lighthouse Gold Inc. (CNSX:LGHT) entered into a binding letter of intent to acquire a 100% interest in Mariwa/Sardine Hill - Lower Cuyuni Gold Property in Guyana for $4.43 million on June 15, 2026. The consideration consists of a US$100,000 non-refundable cash deposit, a US$150,000 cash payment upon signing a definitive agreement, the issuance of 35,000,000 common shares, and annual cash payments of US$200,000 for four years, totaling US$800,000. Upon completion of the required payments and the share issuance, subject to a 1.0% Net Smelter Return Royalty (NSR), which Lighthouse Gold Corp. has the right to repurchase for US$4,000,000.
The transaction remains subject to completion of satisfactory due diligence, execution of a Definitive Agreement, regulatory approvals and acceptance by the Canadian Securities Exchange. New Risk • May 04
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 Less than 1 year of cash runway based on free cash flow trend (-CA$557k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$61k). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (CA$197k sold). Market cap is less than US$100m (CA$29.1m market cap, or US$21.4m). New Risk • Apr 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$557k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$557k free cash flow). Negative equity (-CA$61k). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Significant insider selling over the past 3 months (CA$240k sold). Market cap is less than US$100m (CA$29.1m market cap, or US$21.2m). 
