New Risk • Jun 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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$402k free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.39m market cap, or US$1.76m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • May 29
Arctic Star Exploration Corp. Provides Finland Diamond Update Arctic Star Exploration Corp. announced that it has completed landowner payments necessary to keep title in good standing on the Timantti Project (Project), near Kuusamo, Finland. There have been several diamond bearing kimberlite discoveries made on this Project. The Tamantti Project consists of two exploration permits, totaling 1125Ha: the 243 Ha Solavaara Permit, and the 882 Ha Vaimouso permit. The Company purchased Finnish holding company (Foriet Oy.) that held the Solavaara permit and the White Wolf kimberlite discovery in 2018. Since acquisition, Arctic Star has discovered four new kimberlites: Black Wolf, Grey Wolf, Vassa and Karhu. The Vaimouso permit was obtained by Arctic Star to capture the surrounding exploration potential and it adjoins the Solavaara permit. Remarkably each kimberlite discovery on the Timantti Project is diamond bearing. The Project is located in excellent infrastructure with roads and power grids and lies 11 km NE of the town of Kuusamo, which is serviced by daily flights to Helsinki. Table 1 lists the caustic fusion diamond results from each discovery, giving sample size in kilograms, with the diamond results sized by sieving noting the mesh size that the diamonds sit on. Nominal 8kg Samples were sent to the independent SRC laboratories in Saskatoon, and Microlithics laboratory in Thunder Bay. White Wolf kimberlite received the most attention with holes being drilled at the 12, 3, 6, and 9 o'clock positions around the occurrence angled towards the centre. The northern "12 O'clock" drill hole encountered kimberlite earlier than would be expected if the kimberlite was behavior like the model and forming a tapering carrot shaped pipe, triggering a possible alternative explanation that this body is instead a dyke dipping to the north at 30deg. The Black and Grey Wolf kimberlite were also interpreted as being part of the same dyke, displaced 10's of metres by post-emplacement faulting. The plan is to return to the Wolf test the dyke concept with more drill holes angled from the north. If the concept is true testing a single, slightly offset dyke down dip has potential for increasing tonnage. history of discovery and the possibility of further success. The White Wolf kimberlite was originally found by tracing a diamond indicator mineral (DIM) dispersal train in the till to where it terminated up-ice, then drill testing a magnetic anomaly. Vassa was drill tested and was shown to be a 1.5m wide dyke. Two separate dykes where intercepted. Karhu with a White Wolf like magnetic anomaly, is yet to be drill tested. The discovery of these kimberlites prove the company are in a cluster of kimberlites with multiple bodies. World-wide, kimberlites average 30 members, and some clusters have 100's which suggests that there are more kimberlites to be found. Diamond indicator mineral results from public data (taken by other companies) from both the Finnish and Russian sides of the border demonstrate a large 30km wide regional DIM plume, formed by ice age glaciation emanating from the Kuusamo area, continuing down-ice 30 km. Announcement • Apr 21
Arctic Star Exploration Corp., Annual General Meeting, Jun 19, 2025 Arctic Star Exploration Corp., Annual General Meeting, Jun 19, 2025. Location: british columbia, vancouver Canada 
