New Risk • Feb 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% 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 Shares are highly illiquid. Negative equity (-CA$229k). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.47m market cap, or US$1.80m). Announcement • Feb 25
Labrador Resources Inc. announced that it expects to receive CAD 0.3 million in funding Labrador Resources Inc. announced a private placement to issue 6,000,000 units at an issue price of CAD 0.05 for gross proceeds of CAD 300,000 on February 24, 2026. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of CAD 0.06 per common share for 1 year following closing of the offering and at a price of CAD 0.10 per common share for an additional 1 year thereafter. The corporation may pay commissions of 6% to qualified finders or agents and may issue broker warrants for up to 6% of the total number of units
issued pursuant to the offering. Each broker warrant will entitle the holder to purchase a common share at a price of CAD 0.06 for a period of two (2) years from the date of closing of the offering. There is no minimum offering. The common shares, warrants and broker warrants that may be issued pursuant to the offering will be subject to a four month and one day hold period. Completion of the offering remains subject to the approval of the TSX Venture Exchange. Announcement • Nov 18
Labrador Resources Inc., Annual General Meeting, Jan 14, 2026 Labrador Resources Inc., Annual General Meeting, Jan 14, 2026. Location: alberta, calgary Canada Board Change • Aug 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Aihoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Aihoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Aihoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Aihoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Aihoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 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$81k 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$81k free cash flow). Shares are highly illiquid. Negative equity (-CA$87k). Earnings have declined by 58% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$740.2k market cap, or US$517.0k). Board Change • Feb 07
Less than half of directors are independent Following CEO & Director Ken DeWyn's arrival on 01 February 2025, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Aihoshi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 05
Labrador Resources Inc. Announces Chief Executive Officer Changes Labrador Resources Inc. announced the resignation of Mr. Kaan Camlioglu from the positions of Chief Executive Officer, effective February 1, 2025. The Company announced the appointment of Mr. Kenneth DeWyn to fill the vacancy. Mr. DeWyn is an independent business consultant and has significant experience with both publicly traded and private company governance issues, having served as a Director and/or Officer of many private and public companies over the past 30 years. Mr. DeWyn is currently a member of the Board of Lithium Chile Inc. and PetroFrontier Corp., both Calgary based companies listed on the TSX Venture Exchange. Announcement • Feb 04
Labrador Resources Inc. Announces Board Changes Labrador Resources Inc. announced the resignation of Mr. Kaan Camlioglu from the positions of Director, effective February 1, 2025. The Company announced the appointment of Mr. Kenneth DeWyn to fill the vacancy. Mr. DeWyn is an independent business consultant and has significant experience with both publicly traded and private company governance issues, having served as a Director and/or Officer of many private and public companies over the past 30 years.Mr. DeWyn is currently a member of the Board of Lithium Chile Inc. and PetroFrontier Corp., both Calgary based companies listed on the TSX Venture Exchange. Announcement • Feb 09
Common Shares of Labrador Technologies to Be Delisted Effective at the opening, Feb. 9, 2023, the common shares of Labrador Resources Inc. will commence trading on the TSX Venture Exchange under the symbol LTX (no change) and the common shares of Labrador Technologies Inc. will be delisted. The TSX Venture Exchange has accepted for filing the company's change of business, which includes the acceptance of the arm's-length acquisition of petroleum and natural gas properties, consisting of a 51% interest in the land comprising Section 31-021-04W together with the seven wells situated thereon and a 50% interest in the land comprising Section 1-022-05W4 together with the one well situated thereon in the Atlee-Buffalo area of southeast-central Alberta, from Kasten Energy Inc. Consideration of $782,000 is to be paid for the assets, consisting of: (i) $200,000 in cash; (ii) a non-interest-bearing convertible debenture issued to Kasten Energy in the principal amount of $350,000 for a 24-month period, convertible at five cents in the first 12 months and 10 cents in the following 12 months; and (iii) a promissory note due to Kasten Energy for $232,000 at an interest rate of 7% per annum and due in two years. Announcement • Feb 07
Labrador Resources Inc. Appoints Jeffrey M. Graw as Director Labrador Resources Inc. (Formerly Labrador Technologies Inc.) announced that it has completed the previously announced transactions which collectively constitute the Corporation's change of business. Upon closing of the Change of Business, Jeffrey M. Graw was appointed a director of the Corporation. Announcement • Nov 03
Labrador Technologies Inc. announced that it expects to receive CAD 5.2 million in funding Labrador Technologies Inc. announced a non-brokered private placement of 4,000,000 common shares at a price of CAD 0.05 per common shares for gross proceeds of CAD 200,000 and a minimum of 7,200,000 “flow-through” common shares and a maximum of 10,000,000 FT shares at a price of CAD 0.05 per flow-through common share for gross proceeds of a minimum of CAD 360,000 and a maximum of CAD 5,000,000 for minimum total proceeds of CAD 560,000 and maximum CAD 5,200,000 on November 2, 2022. The company may pay finders fees or commissions of up to 7% in respect of subscriptions brought by eligible finders or brokers. Announcement • Apr 06
Labrador Technologies Inc. announced that it expects to receive CAD 5.2 million in funding Labrador Technologies Inc. announced a private placement of 4,444,444 common shares at a price of CAD 0.045 per common share for gross proceeds of up to CAD 200,000 and 100,000,000 flow-through common shares at a price of CAD 0.05 per flow-through common share for gross proceeds of up to CAD 5,000,000 on April 5, 2022. The transaction is subject to certain conditions including, but not limited, to closing conditions customary to transactions of the nature of the proposed transactions, approvals of regulatory bodies having jurisdiction in connection with the proposed transactions including the TSXV; and shareholder approval if required. Board Change • Feb 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director George Wilson was the last independent director to join the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.