Announcement • Mar 20
Fitzroy Minerals Inc. announced that it has received CAD 21.255 million in funding On March 19, 2026. Fitzroy Minerals Inc. announces that it has closed the final tranche of the transaction. It has issued 2,830,000 common shares at a price of CAD 0.50 per LIFE Share for gross proceeds of CAD 1,415,000 and 1,620,000 units issued at a price of CAD 0.50 per Unit for gross proceeds of CAD 810,000 under its final tranche. It has issued aggregate 8,960,000 LIFE Shares at a price of CAD 0.50 per LIFE Share for aggregate gross proceeds of CAD 4,480,000 and 33,350,000 Units at a price of CAD 0.50 per Unit for aggregate gross proceeds of CAD 16,675,000 for aggregate proceeds of CAD 21,155,000. In connection with the Final Tranche, the Company has agreed to pay aggregate cash finder’s fees of CAD 133,500 and to issue 267,000 finder’s warrants to certain arm’s length finders. Announcement • Feb 26
Fitzroy Minerals Inc. announced that it expects to receive CAD 26 million in funding Fitzroy Minerals Inc. announces a non-brokered listed issuer financing exemption private placement (the “LIFE Offering”) of the issuance of common shares at a price of CAD 0.50 per Share, for aggregate gross proceeds of CAD 10,000,000 on February 25, 2026. The LIFE Offering is subject to a minimum offering amount of CAD 4,000,000. In addition to the LIFE Offering, the Company announces a concurrent non-brokered private placement of 32,000,000 units at a price of CAD 0.50 per Unit for proceeds of CAD 16,000,000. Each Unit will be comprised of one Share, and one-half of one Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of CAD 0.80 per share for a period of two years following the date of issuance of the Warrant. All securities issued in connection with the Concurrent Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The closing of the Private Placement is expected to occur on or about March 24, 2026. The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSXV. Insiders of the Company may participate in the Concurrent Offering. New Risk • Feb 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.9m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (142% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$135.9m market cap, or US$99.2m). 
