New Risk • May 28
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 33% per year over the past 5 years. 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$66.3m market cap, or US$48.0m). Announcement • Nov 28
Royal Road Minerals Limited announced that it has received CAD 4.999054 million in funding from Rio2 Limited and other investors On November 27, 2025. Royal Road Minerals Limited closed the transaction. The company issued 27,772,523 ordinary shares at a price of CAD 0.18 per Share, for gross proceeds of up to CAD 4,999,054.14. The transaction included participation from returning investor Rio2 Limited for 4,166,667 ordinary shares to maintain its approximately 15% equity stake. In connection with the closing of the Offering, the Company paid certain eligible persons cash commissions in the aggregate amount of CAD 251,319.23 and issued an aggregate of 1,396,215 broker warrants (each, a “Broker Warrant”). Each Broker Warrant entitles the holder thereof to acquire one Share at a price of CAD 0.18 per Share for a period of thirty-six (36) months from the closing of the Offering.