New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 8x increase in shares outstanding. 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 Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$43.2m market cap, or US$30.7m). Announcement • Jun 10
Arizona Eagle Mining Corp. announced that it has received CAD 8.592348 million in funding On June 9, 2026. Arizona Eagle Mining Corp. announces that it has closed the transaction. It has issued 7,811,225 units of the Company at a price of CAD 1.10 per Unit for aggregate gross proceeds to the Company of CAD 8,592,347.50. In connection with the Offering, the Company paid aggregate cash finder’s fees of CAD 398,739 to certain eligible finders and issued an aggregate of 268,380 non-transferable finder’s warrants to PowerOne Capital Markets Limited, which acted as finder in connection with the Offering. Each Finder’s Warrant entitles the holder thereof to purchase one Unit at an exercise price of C$1.10 per Unit until June 9, 2029, with each such Unit comprising one Common Share and one-half of one Warrant. All securities issued pursuant to the Offering, including the Common Shares, the Warrants and any Warrant Shares issuable on exercise of the Warrants, together with the Finder’s Warrants and the Common Shares, Warrants and Warrant Shares issuable upon the exercise thereof, are subject to a hold period of four months and one day from the Closing Date, expiring on October 10, 2026, in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange Announcement • May 15
Arizona Eagle Mining Corp. announced that it expects to receive CAD 3 million in funding Arizona Eagle Mining Corp. announces a non brokered private placement to issue 2,727,273 units at a price of CAD 0.10 per unit for gross proceeds of CAD 3,000,000 on May 13, 2026. Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 1.50 per Warrant Share for a period of 36 months from the closing date of the Offering. The Common Shares, Warrants and Warrant Shares issued under the Offering will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable. Canadian securities laws and the policies of the TSX Venture Exchange 
