Announcement • Jul 11
Vortex Metals Inc. announced that it expects to receive CAD 1 million in funding Vortex Metals Inc. announced non-brokered private placement of 20,000,000 units at an issue price of CAD 0.05 per Unit for gross proceeds of up to CAD 1,000,000 on July 9, 2026. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.06 for a period of three years from the date of issuance. The Offering and the appointment of Mr. White remain subject to acceptance of the TSX Venture Exchange. The Company may pay finder’s fees in accordance with the policies of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Company announced the appointment of Thibault White as President, effective
immediately. Announcement • Jul 10
Vortex Metals Inc. Announces Executive Changes, Effective July 9, 2026 Vortex Metals Inc. announced the appointment of Mr. Thibault White as President, effective immediately, July 9, 2026. Mr. White brings more than 35 years of international corporate finance, investment banking, mergers and acquisitions, institutional investment and capital markets experience across Europe and North America. As part of the executive transition, Vikas Ranjan will assume the role of Executive Vice President, Corporate Development, where he will focus on corporate strategy, capital markets initiatives, strategic partnerships and business development. Most recently, Mr. White has served as a Partner with Apollo Corporate Finance in Frankfurt, advising clients on mergers and acquisitions, strategic financing and capital raising transactions. Previously, he held senior positions with Swiss Life Asset Managers, DTZ Asset Management and several leading European investment firms. His extensive international experience is expected to strengthen the Company's corporate development and capital markets initiatives as Vortex advances its portfolio of copper-gold exploration projects. New Risk • Jun 02
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$876k 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$876k free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-CA$3.0m). Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.56m market cap, or US$4.01m). 
