Recent Insider Transactions • Mar 01
CFO & Director recently sold CA$138k worth of stock On the 25th of February, Killian Ruby sold around 310k shares on-market at roughly CA$0.44 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Killian's only on-market trade for the last 12 months. New Risk • Feb 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Significant insider selling over the past 3 months (CA$128k sold). Market cap is less than US$100m (CA$99.5m market cap, or US$73.3m). Announcement • Jan 29
Equity Metals Corporation Announces Crews and Drill Mobilized to Commence Winter '26 Program on the Silver Queen Ag-Au Property, British Columbia Equity Metals Corporation reported that crews have mobilized in preparation for drilling on its 100% owned 18,871-hectare Silver Queen Property, northern British Columbia. In this initial drilling program, sixteen-holes totaling 4,200 metres are planned to test parts of the existing resource model and will include twinning of several historical holes. Intercepts will be used to continue validation of the historical drill results, and mineralization from the new holes will be used for additional metallurgical test work on the No. 3 vein. This phase of the 2026 program is designed to further de-risk the project in preparation for economic assessment. In addition to this first phase of the 2026 program, a larger exploration/development program is planned on the property, which will include: Relogging and sampling of several historical drill holes from 2017-18; Re-establishing underground access to the historical workings via the Earl Adit on the No. 3 Vein for lidar scanning and re-sampling purposes; and. Drilling on newly developed greenfields targets in the broader district generated in part through the Fall '25 sampling program and earlier compilation. The No. 3 Vein hosts the single largest resource currently identified on the Silver Queen property and with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resources on a AgEq basis. The NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 is detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR+ and the Company's website. The company also reports that final assays from 2025 drilling on the Arlington property have been received. Nine core holes totaling 3,407 metres were completed and tested three separate "hot-spot" clusters of strongly anomalous Au-Ag-As values within the South Fresh Pots soil anomaly. Drilling intersected several, shallowly dipping gold-enriched quartz veins within a granodioritic host rock Assay highlights include: A 1.6 metre interval averaging 3.9g/t Au, 0.29% Cu, (6.6g/t AuEq), from AR25-001; A 7.0 metre interval averaging 1.2g/t Au, 0.,03% Cu, (1.2g/t AuEq"), from AR25-004; and A 2.0 metre interval averaging 3.1g/t Au, 0.'01% Cu, (3.1g/t AuEq, from AR25-005. 
