Announcement • Jun 10
South Star Battery Metals Corp. announced that it has received CAD 4.8 million in funding On June 9, 2026, South Star Battery Metals Corp. has closed the transaction. The company issued 16,587,667 common shares at a price of CAD CAD 0.15 per share for gross proceeds of CAD 2,488,150.05 in its final tranche of transaction. The company has raised total gross proceeds of CAD 4,800,000 under the share offering. In connection with the Final Tranche, the Company paid aggregate finder's fees consisting of CAD 182,981 in cash and 1,474,567 Shares issued at a deemed price of CAD 0.15 per Share to A8 Capital Advisors. Announcement • May 07
South Star Battery Metals Corp. announced that it expects to receive CAD 4 million in funding South Star Battery Metals Corp. announces a non-brokered private placement to issue 26,666,667 common shares at a price of CAD 0.15 per common share for gross proceeds of up to CAD 4,000,000.05 on May 6, 2026. The Company may pay finder’s fees in connection with the Offering, within the limits permitted by the policies of the TSX Venture Exchange. Closing of the Offering remains subject to customary conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the Exchange. The Offering is not subject to a minimum aggregate subscription amount. Insiders, including related parties as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), may participate in the Offering. Mr. Tiago Cunha, Interim CEO, President and a director of the Company, directly or through affiliated entities, is expected to subscribe for an investment of up to CAD 4,000,000. New Risk • Apr 27
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 19% 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 Less than 1 year of cash runway based on free cash flow trend (-US$5.2m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.6m market cap, or US$10.7m). 
