New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$1.9m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 1.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.40m market cap, or US$3.80m). Announcement • Jun 26
Quantum Critical Metals Corp Announces Board Changes Quantum Critical Metals Corp. had appointed Tracy Hughes to its Board of Directors, effective June 26, 2026. Ms. Hughes is the Founder, CEO, and Director of InvestorNews Inc., a digital media, publishing, and content creation company serving the capital markets, resource, and critical minerals sectors, and Executive Director and Co-Founder of the Critical Minerals Institute (CMI), a global think tank dedicated to advancing understanding of the critical minerals economy. Through her leadership roles, she has become a recognized voice in the critical minerals industry, connecting industry participants, policymakers, academics, investors, and strategic stakeholders across the rapidly evolving critical minerals economy. Ms. Hughes has spent more than three decades working across investor communications, capital markets, media, and resource development. In addition to founding InvestorNews and the Critical Minerals Institute (CMI), she co-founded REE Stocks PLC, a FTSE-recognized rare earths indices company, and was a principal partner at Weslosky & Cowans Ltd., a boutique investment bank that helped create the internationally distributed business television series DealFlow. Throughout her career, she has championed independent analysis, market transparency, and strategic collaboration across capital markets and the industries that support the global resource economy. Quantum Critical Metals Corp. had announced that Melanie Mackay had stepped down from the Board as she turned her focus to completing her PhD in Mining Engineering. The company stated that Ms. Mackay would continue to support its activities in a consulting capacity. New Risk • Mar 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.70m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.70m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). 
