Announcement • Jun 03
Great Atlantic Resources Reports Geophysical Results At Mount Raymond Property Great Atlantic Resources Corp. provided an update regarding exploration progress at the Company's Mount Raymond Property, north-central New Brunswick, where Slam Exploration Ltd. holds an option to earn a 100% interest in the project through a combination of common share issuances and incurrence of exploration expenditures on the property. Slam Exploration Ltd. completed a VTEMTM-Plus airborne electromagnetic geophysical survey during early 2026 at its Goodwin copper-nickel-cobalt project. This survey covered much of Great Atlantic's Mount Raymond Property (mineral claim no. 8569). Slam Exploration is using the new VTEM survey over the Goodwin copper-nickel-cobalt project to generate targets and to plan the 2026 diamond drilling program. From a total of 432 anomalies, Slam Exploration has constructed plate models for 24 conductors that range in depth from 30 meters to 320 meters. Slam Exploration states that all of these models are potential extensions to the known zones of mineralization and could represent ovoid-type deposits with higher-grade mineralization at depth. Twenty-one VTEM electromagnetic conductors reported by Slam Exploration are within or along the boundaries of Great Atlantic's Mount Raymond Property. Most of these conductors are within two target areas identified by Slam Exploration (Target T07 and Target T08). The Mount Raymond Property was acquired by Great Atlantic during 2018 by staking. The property covers an area of approximately 175 hectares. The property covers a reported cobalt - copper - nickel mineral occurrence (New Brunswick Department of Natural Resources and Energy Development, Mineral Occurrence Database, Reference No. 1529). Drill core samples anomalous for vanadium are also reported (Gracia, 2012). A 2011 diamond drill hole (VM-11-16) reported within the area of the Mount Raymond Property was reported to intersect 1.65 meters of semi-massive sulfides (pyrrhotite) with chalcopyrite veinlets within gabbro (Gracia, 2012). This mineralized interval was reported to return 0.43% copper, 0.12% nickel and 0.11% cobalt over 1.65 meters (core length). Another one-meter core length sample from this hole was reported to return 0.18% cobalt while another one-meter core length sample from this hole was reported to return 0.12% vanadium (Gracia, 2012). These mineralized intervals are reported near surface (within 100 meters vertical depth). A qualified person has not verified this mineralization for Great Atlantic. David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, reviewed and approved the technical information contained in this News Release. Great Atlantic has not verified the VTEM electromagnetic anomalies stated in this news release. New Risk • Feb 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor 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 Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$5.8m). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.57m market cap, or US$5.54m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Feb 03
Great Atlantic Resources Corp., Annual General Meeting, Mar 31, 2026 Great Atlantic Resources Corp., Annual General Meeting, Mar 31, 2026.