New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$129.6m market cap, or US$94.6m). Announcement • Mar 20
Fitzroy Minerals Inc. announced that it has received CAD 21.255 million in funding On March 19, 2026. Fitzroy Minerals Inc. announces that it has closed the final tranche of the transaction. It has issued 2,830,000 common shares at a price of CAD 0.50 per LIFE Share for gross proceeds of CAD 1,415,000 and 1,620,000 units issued at a price of CAD 0.50 per Unit for gross proceeds of CAD 810,000 under its final tranche. It has issued aggregate 8,960,000 LIFE Shares at a price of CAD 0.50 per LIFE Share for aggregate gross proceeds of CAD 4,480,000 and 33,350,000 Units at a price of CAD 0.50 per Unit for aggregate gross proceeds of CAD 16,675,000 for aggregate proceeds of CAD 21,155,000. In connection with the Final Tranche, the Company has agreed to pay aggregate cash finder’s fees of CAD 133,500 and to issue 267,000 finder’s warrants to certain arm’s length finders. Announcement • Feb 26
Fitzroy Minerals Inc. announced that it expects to receive CAD 26 million in funding Fitzroy Minerals Inc. announces a non-brokered listed issuer financing exemption private placement (the “LIFE Offering”) of the issuance of common shares at a price of CAD 0.50 per Share, for aggregate gross proceeds of CAD 10,000,000 on February 25, 2026. The LIFE Offering is subject to a minimum offering amount of CAD 4,000,000. In addition to the LIFE Offering, the Company announces a concurrent non-brokered private placement of 32,000,000 units at a price of CAD 0.50 per Unit for proceeds of CAD 16,000,000. Each Unit will be comprised of one Share, and one-half of one Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of CAD 0.80 per share for a period of two years following the date of issuance of the Warrant. All securities issued in connection with the Concurrent Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The closing of the Private Placement is expected to occur on or about March 24, 2026. The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSXV. Insiders of the Company may participate in the Concurrent Offering. 
