Announcement • May 19
Sankamap Metals Inc., Annual General Meeting, Jul 15, 2026 Sankamap Metals Inc., Annual General Meeting, Jul 15, 2026. Announcement • Mar 19
Sankamap Metals Inc. announced that it has received CAD 7.409002 million in funding On March 18, 2026 Sankamap Metals Inc. has closed the transaction. In connection with the closing, the company issued 21,168,576 at the price of CAD 0.35 for the gross proceeds of CAD 74,09,001.6. The company paid finder fees of CAD 300,465 in cash and 1,153,113 share purchase warrants and exercisable to purchase one additional common share of the Company at a price of CAD 0.55 for a period of 24 months from the date of issuance. All securities issued are subject to a four month and one day hold period expiring on July 19, 2026. Announcement • Mar 04
Sankamap Metals Inc. announced that it expects to receive CAD 5 million in funding Sankamap Metals Inc. announces a non-brokered private placement to issue 14,285,715 units at a price of CAD 0.35 per unit for gross proceeds of up to CAD 5,000,000.25 on March 3, 2026. Each unit will consist of one common share and one-half of a common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Sankamap at an exercise price of CAD 0.55 for a period of 24 months from the date of issuance. Sankamap may pay finders' fees to arm's-length finders in connection with this placement, which are expected to be up to 6.0 per cent of the gross proceeds raised by such finders, in cash and share purchase warrants to acquire common shares of Sankamap of up to 6.0 per cent of the number of units sold to a purchaser or purchasers introduced by the finders. Each finder's warrant will entitle the holder to purchase one common share of Sankamap at an exercise price of CAD 0.35 for a period of 24 months from the date of issuance. The offering is subject to the approval of the Canadian Securities Exchange and any finders' fees payable will be issued in accordance with the policies of the CSE and applicable securities laws. All securities issued will be subject to a four-month and one day hold period. Announcement • Jan 23
Sankamap Metals Inc. Advances Toward Inaugural Drilling At Kuma Property in the Solomon Islands Sankamap Metals Inc. provided an exploration update from its 4,500-hectare ("Ha") Kuma property ("Kuma") located approximately 37 kilometers ("km") southeast of Honiara in southcentral Guadalcanal, Solomon Islands. In preparation for its inaugural drill program, the Company has mobilized a field crew to advance camp construction, complete drill pad development, and conduct rock sampling, while integrating existing data to refine and prioritize high-potential targets. The Kuma Property is strategically located along a highly prospective trend that hosts several major deposits including Lihir1 and Panguna2, both sharing geological similarities to the Kuma property. 1 Lihir containing 71 Moz Au1 (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Pro probable ("P&P"), 520 Mt containing 39 Moz Au at 2.3 G/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3g/t measured, 61 Mt contains 4.9 Moz Au at2.3 g/t Inferred) 2 Panguna containing 19.3 Moz Au + 5.3 Mt Cu2 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred). Highlights. Drill pad construction at Kuma completed to support the upcoming program. Field crew mobilized to advance camp construction and rock sampling. Reconnaissance sampling near the drill pad ongoing to refine target confidence. Additional downstream sampling conducted to expand the target area. Drill rig dispatched to Guadalcanal to begin operations. Exploration program focused on discovering new mineralization and prioritizing future drill targets based on alteration, copper (Cu) and gold (Au) geochemical anomalies, and coincident geophysical responses. Timing remains on track to commence drilling at Kuma in February 2026. Field activities at the Kuma Property are focused on preparing for the planned inaugural drill program, including pad and camp construction, as well as prospecting and sampling. Initial drill pad construction has been completed, establishing the groundwork for safe and efficient drilling operations. Camp construction is underway and expected to be completed in the coming weeks. Announcement • Jan 14
Sankamap Metals Inc. Provides Exploration Update from its 24,000-Hectare Fauro Property, Located in the Shortland Islands, Western Province, Solomon Islands Sankamap Metals Inc. provided an exploration update from its 24,000-hectare ("Ha") Fauro property ("Fauro"), located in the Shortland Islands, Western Province, Solomon Islands. Recent prospecting and geological mapping at the Meriguna Target within the Fauro Property were undertaken to validate historical sampling results and further refine target generation. Historical exploration at Meriguna includes drill intercepts of up to 35 metres grading 2.08 grams per tonne (g/t) Au, trench results of 8 metres at 27.95 g/t Au, and rock samples returning values of up to 173 g/t Au. In addition, limited alluvial mining is currently being conducted by local landowners, providing further evidence of significant near-surface gold mineralization. The Fauro Property is strategically situated along a regional copper-gold (Cu-Au) trend known for hosting major deposits, including Panguna and Lihir and is situated in a largely underexplored region. Lihir containing 71 Moz Au1 (310 Mt containing 23 Moz Au at 2.3 g/t Proven+Pro probable ("P&P"), 520 Mt containing 39 Moz Au at 2.3 G/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3g/t Inferred) and Panguna containing 19.3 Moz Au + 5.3 Mt Cu2 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred) The initial phase of the exploration program at Fauro was strategically designed to validate historical surficial assay results, engage with local communities, and evaluate terrain and logistical conditions in preparation for a forthcoming drill campaign. As part of this effort, fifteen preliminary grab samples were collected from the Meriguna Target, one of three historically explored zones on the property. The Meriguna Target is underpinned by historically elevated trench, drill, and grab sample grades. The area is also subject to active local alluvial mining, where gold is visually observable at surface through panning and sluicing, providing additional confirmation of significant near-surface mineralization. Historical drilling, surface sampling, and geophysical work at the Fauro Property have identified multiple near-surface epithermal gold systems with potential for an underlying porphyry system. Recent rock sampling at the Meriguna target is intended to confirm significant surface gold mineralization. A phased exploration program is planned for 2026, beginning with continuation of systematic sampling to validate historical surface results. These data will guide follow-up geophysical surveys, if warranted, targeting signatures characteristic of porphyry and epithermal systems. Results will be integrated with existing datasets to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike. New Risk • Dec 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (244% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (CA$21.3m market cap, or US$15.5m). Announcement • Oct 07
Sankamap Metals Inc. announced that it has received CAD 4.78627 million in funding On October 6, 2025, Sankamap Metals Inc. closed the transaction. The company announced that it has issued 21,755,772 units at a price of CAD 0.22 per Unit for total gross proceeds of CAD 4,786,269. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each whole Warrant will entitle the holder to purchase one additional Share of company at an exercise price of CAD 0.40 for a period of two years from the date or dates of closing of the Offering. In connection with the sale of the Units, the company aid a total of CAD 168,933 in cash to arm’s length finders (each, a “Finder”). Certain Finders elected to convert the cash portion of their finder’s fees into Units of the Company, resulting in the issuance of an additional 256,922 Units. The Company also issued a total of 767,878 share purchase warrants to eligible Finders, on the same terms as the Warrants. The Offering is subject to no objection from the Canadian Securities Exchange (“CSE”) and any finder’s fees payable will be issued in accordance with the policies of the CSE and applicable securities laws. All securities issued are subject to a four-month and one day hold period expiring on February 4, 2026. Three (3) insiders of company participated in the Offering Announcement • Jul 24
Sankamap Metals Inc. announced that it expects to receive CAD 5 million in funding Sankamap Metals Inc. announces a non-brokered private placement to issue 22,727,272 units at a price of CAD 0.22 per unit for gross proceeds of CAD 4,999,999.84 on July 23, 2025. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each whole Warrant will entitle the holder to purchase one additional Share of Sankamap at an exercise price of CAD 0.40 for a period of two years from the date or dates of closing of the Offering. The Offering is subject to the approval of the Canadian Securities Exchange. Board Change • May 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Arthur Hannett was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 24
Sankamap Metals Inc. announced that it has received CAD 0.8698 million in funding Sankamap Metals Inc. announced it has completed a non brokered private placement financing of 7,248,331 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 869,799.72 on April 23, 2025. Each unit consists of one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company for a period of three years from the date of issuance at an exercise price of: (i) CAD 0.30 per common share for the first year; (ii) 0.35 per common share for the second year; and (iii) 0.40 per common share for the third year. The company has the right to accelerate the expiry date upon the occurrence of certain events .In connection with the sale of the units, the company paid a total of CAD19,595 in cash and issued 193,898 finders' warrants to eligible finders for certain of the units sold. Each finder's warrant entitles the holder to purchase one common share of the company at a price of CAD 0.12 per common share for a period of three years from the date of issuance. All securities issued are subject to a hold period until Aug. 24, 2025. Announcement • Mar 04
Maclaren Minerals Ltd., Annual General Meeting, May 08, 2025 Maclaren Minerals Ltd., Annual General Meeting, May 08, 2025. Announcement • Feb 20
Maclaren Minerals Ltd. (CNSX:MRN) completed the acquisition of Sankamap Exploration Inc. Maclaren Minerals Ltd. (CNSX:MRN) entered into an agreement to acquire Sankamap Exploration Inc. for CAD 0.69 million on February 6, 2025. The consideration consists of 16.62 million common equity of Maclaren Minerals Ltd. having a value of CAD 0.69 million to be issued for common equity of Sankamap Exploration Inc. Under the terms of the agreement, the transaction includes the Fauro Gold (Au) Project and the Kuma Copper-Gold (Cu-Au) Project in the Solomon Islands. John Florek, current CEO of Sankamap Exploration Inc., will be appointed CEO of the Maclaren MInerals Ltd., replacing incumbent CEO and President Gary Musil, and John Alcock and Jim Greig will be appointed as board of directors, replacing James Place and Dianne Szigety, and joining incumbent directors Gary Musil and Nancy Kawazoe. Upon closing, the Maclaren Minerals Ltd.’s audit committee is expected to be comprised of Gary Musil, John Alcock and Jim Greig. The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board and consummation of due diligence investigation. The expected completion of the transaction is February 14, 2025.
Maclaren Minerals Ltd. (CNSX:MRN) completed the acquisition of Sankamap Exploration Inc. on February 19, 2025. Board Change • Feb 07
Insufficient new directors 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. No highly experienced directors. CEO, President & Director Gary Musil was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Feb 07
Maclaren Minerals Ltd. (CNSX:MRN) entered into an agreement to acquire Sankamap Exploration Inc. Maclaren Minerals Ltd. (CNSX:MRN) entered into an agreement to acquire Sankamap Exploration Inc. for $0.69 million on February 6, 2025. The consideration consists of 16.62 million common equity of Maclaren Minerals Ltd. having a value of $0.69 million to be issued for common equity of Sankamap Exploration Inc. Under the terms of the agreement, the transaction includes the Fauro Gold (Au) Project and the Kuma Copper-Gold (Cu-Au) Project in the Solomon Islands. John Florek, current CEO of Sankamap Exploration Inc., will be appointed CEO of the Maclaren MInerals Ltd., replacing incumbent CEO and President Gary Musil, and John Alcock and Jim Greig will be appointed as board of directors, replacing James Place and Dianne Szigety, and joining incumbent directors Gary Musil and Nancy Kawazoe. Upon closing, the Maclaren Minerals Ltd.’s audit committee is expected to be comprised of Gary Musil, John Alcock and Jim Greig.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board and consummation of due diligence investigation. The expected completion of the transaction is February 14, 2025. Board Change • Jan 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO & Director Nancy Kawazoe is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 01
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$366k 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$366k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.14m market cap, or US$816.9k). Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Board Change • Nov 26
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO & Director Nancy Kawazoe is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 17
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO & Director Nancy Kawazoe is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 26
Maclaren Minerals Ltd. announced that it expects to receive CAD 0.361185 million in funding Maclaren Minerals Ltd. announced a non-brokered private placement of 5,159,786 common shares at a price of CAD 0.07 per Common Share for aggregate gross proceeds of CAD 361,185.02 on July 24, 2024. The Common Shares sold pursuant to the Offering will be subject to a four month hold period pursuant to securities laws in Canada. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals and the submission of all required forms to the Canadian Securities Exchange. Board Change • Jun 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CFO & Director Nancy Kawazoe is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 19
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 20% 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 (-CA$349k free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.38m market cap, or US$1.02m). Minor Risk Less than 3 years of financial data is available. New Risk • Mar 01
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$350k 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$350k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.07m market cap, or US$1.53m). Minor Risk Less than 3 years of financial data is available. Announcement • Jan 12
Maclaren Minerals Ltd., Annual General Meeting, Mar 22, 2024 Maclaren Minerals Ltd., Annual General Meeting, Mar 22, 2024. Announcement • Oct 19
Maclaren Minerals Ltd. has completed an IPO in the amount of CAD 0.35 million. Maclaren Minerals Ltd. has completed an IPO in the amount of CAD 0.35 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: CAD 0.1
Discount Per Security: CAD 0.01