New Risk • Jun 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$51.5m market cap, or US$36.2m). Announcement • Jun 23
Metallic Minerals Corp. announced that it has received CAD 10.00062 million in funding On June 22, 2026, the Metallic Minerals Corp closed the transaction including partial exercise of over allotment. As consideration for their services under the Offering, the Underwriters received aggregate cash fees (inclusive of the Underwriters’ expenses) of CAD 666,672.66 and 1,747,627 non-transferable common share purchase warrants Announcement • Jun 03
Metallic Minerals Corp. announced that it expects to receive CAD 8.00023 million in funding Metallic Minerals Corp announced a bought deal private placement to issue 14,286,000 units at an issue price of CAD 0.28 for the proceeds of CAD 4,000,080 and 10,390,000 charity flow-through units at an issue price of CAD 0.385 for the proceeds of CAD 4,000,150 on June 1, 2026. Each Unit will consist of (i) one common share of the Company (a “Unit Share”) and (ii) one-half of one common share purchase warrant of the Company (each whole warrant, a “Unit Warrant”). Each Charity FT Unit will consist of (i) one common share of the Company (each, a “Charity FT Unit Share”) and (ii) one-half of one common share purchase warrant of the Company (each whole warrant, a “Charity FT Unit Warrant”). Each whole Unit Warrant and Charity FT Unit Warrant shall entitle the holder to purchase one common share of the Company on a non-flow-through basis (each, a “Warrant Share”) at a price of CAD 0.40 at any me during the period beginning on the date that is 61 days following the Closing Date and ending on the date which is 36 months following the Closing Date. The Company will grant to the Underwriters an op on, exercisable in full or in part, up to 48 hours prior to the Closing Date, to purchase for resale up to that number of additional Offered Securities in any combination of Units and Charity FT Units at their respective offering prices for additional gross proceeds of up to CAD 2,000,000. The Offering is scheduled to close on June 22, 2026. Completion of the Offering is subject to certain condition including, but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. 
