New Risk • Mar 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major 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 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.7m market cap, or US$8.54m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Mar 13
Slam Exploration Ltd. announced that it has received CAD 2.07275 million in funding On February 20, 2026, the company amended the terms of the transaction. The company will now raise gross proceeds of CAD 2,072,749.77 and will issue Up to 18,141,664 flow-through CMETC units at a price of CAD 0.09 per FT CMETC Unit for gross proceeds of CAD 1,632,749.76 and Up to 3,000,000 flow-through units at a price of CAD 0.09 per FT Unit for gross proceeds of CAD 270,000 and Up to 1,888,889 non-flow-through units of the Company issued at a price of CAD 0.09 per NFT Unit for gross proceeds of CAD 170,000.01. The Company has issued 420,000 finder warrants (the “Finder Warrants”) and paid CAD 37,800 in cash in connection with the Offering. Each whole Finder Warrant will entitle the holder to purchase one additional Common Share at an exercise price of CAD 0.13 per Common Share for a period of two (2) years following the closing date of the Offering, subject to acceleration in certain events. One Company insider participated in the Offering, paying CAD 199,999.87 for
2,222,222 FT CMETC Units. Announcement • Feb 19
Slam Exploration Ltd. announced that it expects to receive CAD 1.17 million in funding Slam Exploration Ltd. announces a non-brokered private placement to issue 12,500,000 flow-through CMETC units at a price of CAD 0.09 units for proceeds of CAD 1,125,000 and 500,000 non-flow-through units at a price of CAD 0.09 per unit for proceeds of CAD 45,000 for aggregate proceeds of CAD 1,170,000 on February 18, 2026. Each FT CMETC unit will comprise of One flow-through common share of the company issued as a flow-through share and One-half of one common share purchase warrant, with two such half warrants being exercisable together as one whole common share purchase warrant. Each NFT unit will comprise of One common share of the company and One warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.13 per common share for a period of two years following the closing date of the offering. The offering is subject to the acceptance of the TSX Venture Exchange and all other required regulatory approvals. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date of the offering in accordance with Canadian securities laws. Finders' fees may be payable in connection with the offering in accordance with the policies of the TSX Venture Exchange. Insiders of the company may participate in the offering. 
