Announcement • May 22
Linear Minerals Corp. announced that it expects to receive CAD 2.5 million in funding Linear Minerals Corp. announced a non-brokered private placement 4,000,000 flow-through Post-Consolidation Shares at an issue price of CAD 0.25 per Post-Consolidation Share for gross proceeds of CAD 1,000,000 and 6,666,667 units at a price of CAD 0.225 for gross proceeds of CAD 1,500,000.075 for total aggregate gross proceeds of CAD 2,500,000.075 on May 21, 2026. There will be no warrants issued in connection with the Flow Through Financing. Each Unit will consist of one Post-Consolidation Share and one full warrant, with each warrant exercisable at a price of CAD 0.50 per Post-Consolidation Share for a period of 18 months from the date of issuance. Securities to be issued pursuant to the Financings will be subject to a four-month hold period pursuant to applicable Canadian securities laws. Completion of the Financings is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the CSE. The Company reserves the right to adjust the total aggregate amounts raised under the Flow Through Financing and/or the Hard Dollar Financing in order to ensure that the transactions described herein do not require shareholder approval under the policies of the CSE. Completion of the Transaction is subject to a number of conditions, including but not limited to the negotiation and completion of satisfactory due diligence, receipt of all necessary regulatory approvals including approval of the CSE, and customary closing conditions. The Transaction will not require shareholder approval under the policies of the CSE. New Risk • Mar 04
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$1.5m 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$1.5m free cash flow). Earnings have declined by 2.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.22m market cap, or US$3.09m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). New Risk • Feb 08
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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 9.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.48m market cap, or US$4.01m). 
