New Risk • Aug 07
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 16% 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 (16% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$28.3m market cap, or US$20.3m). Announcement • Feb 26
Irving Resources Inc. announced that it has received CAD 3.925 million in funding On February 25, 2026, Irving Resources Inc closed the transaction. The company issued 7,100,000 units at a price of CAD 0.25 per unit for aggregate gross proceeds of CAD 1,775,000 in its second and final tranche. In total, gross proceeds of CAD 3,925,000 were raised under the Private Placement by the issuance of 15,700,000 Units. The Company paid finders' fees totaling CAD 51,600 and issued 86,400 units in connection with Tranche. All securities issued by the Company in Tranche 2 are subject to a hold period expiring on June 25, 2026.