New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% 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 Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (CA$17.4m market cap, or US$12.8m). New Risk • Mar 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.61m) This is considered a major 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 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.1m market cap, or US$9.61m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). Announcement • Mar 11
Argentina Lithium & Energy Corp. announced that it has received CAD 4.3 million in funding On March 10, 2026, Argentina Lithium & Energy Corp. closed the transaction. The company issued a total of 36,493,334 units at a price of CAD 0.12 for gross proceeds of CAD 4,379,200.08 that includes partial exercise of the agent's option for 660,000 units for proceeds of CAD 79,200 and 35,833,334 for proceeds of CAD 4,300,000.08 issued as part of the offering. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price of CAD 0.16 any time after May 9, 2026 to March 10, 2029. As consideration for their services, Red Cloud received a cash fee of CCAD 289,044 and 2,408,700 non transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant is exercisable into one Common Share at the Offering Price at any time on or before March 10, 2029. The Broker Warrants and any Common Shares issuable upon any future exercise of the Broker Warrants will be subject to a hold period in Canada in accordance with applicable Canadian securities law, expiring on July 11, 2026. 
