Announcement • Jun 09
EraNova Metals Inc. announced that it has received CAD 0.627525 million in funding On June 8, 2026, EraNova Metals Inc. closed the oversubscribed transaction. The company has issued 4,183,498 common shares at an issue price of CAD 0.15 per share for gross proceeds of CAD 627,524.7. The securities issued pursuant to the private placement are subject to a regulatory hold period expiring on October 6, 2026. The private placement is subject to the final approval of the TSX Venture Exchange. The company has paid finder's fees in the aggregate amount of CAD 39,726.75 (CAD 1,750 to Stephen Avenue Securities, CAD 2,625 to Research Capital Corporation, CAD 3,501.75 to Canaccord Genuity Corp., CAD 2,100 to Ventum Financial Corp. and CAD 29,750 to Haywood Securities Inc.) were paid in connection with the private placement representing 7% of the gross proceeds from the sale of common shares placed by the applicable finder. A certain director and officer of the Company participated in the private placement by acquiring an aggregate of 133,333 common shares under the private placement. Announcement • May 20
EraNova Metals Inc. announced that it expects to receive CAD 0.6 million in funding EraNova Metals Inc. announces a non brokered private placement to issue 4,000,000 common shares of the Company at a price of CAD 0.15 per Common Share for gross proceeds of CAD 600,000 on May 19, 2026. It is anticipated that certain directors, officers or other insiders of the Company may acquire Common Shares under the Private Placement. Closing of the Private Placement is expected to occur as soon as practicable and may take place in one or more tranches. In connection with the Private Placement, the Company may pay finder's fees in cash of up to 7% of the gross proceeds from the sale of the Common Shares placed by the finders in accordance with the policies of the TSX Venture Exchange. The Private Placement is subject to certain conditions, including but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the Private Placement will be subject to a four-month and one-day statutory hold period in accordance with applicable securities laws. New Risk • Jan 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$742k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$742k free cash flow). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.3m market cap, or US$7.56m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). 
