Announcement • Jun 13
Stardust Metal Corp. announced that it has received CAD 5.26 million in funding On June 12, 2026. Stardust Metal Corp. announced that it has closed final tranche of the transaction. It has issued 4,255,319 premium flow-through units issued at a price of CAD 0.6486 per premium flow-through unit for aggregate gross proceeds of approximately CAD 2,759,999.90 under its second and final tranche. All securities issued in connection with the second tranche are subject to a four-month hold period under applicable securities laws. No finders' fees or commissions were paid in connection with the offering. Announcement • May 23
Stardust Metal Corp. announced that it expects to receive CAD 5.26 million in funding Stardust Metal Corp. announced a non-brokered private placement to issue 1,595,745 FT Units at a price of CAD 0.47 per FT Unit, for aggregate gross proceeds of up to CAD 750,000.15, 4,255,319 PFT Units at a price of CAD 0.6486 per PFT Unit, for aggregate gross proceeds of up to CAD 2,759,999.9034 and 3,723,404 NFT units at an issue price of CAD 0.47 per unit for gross proceeds of CAD 1,749,999.88; aggregate gross proceeds of CAD 5,259,999.9334 on May 22, 2026. Each FT Unit and each PFT Unit will consist of one common share of the Company and one common share purchase Warrant. Each FT Unit Warrant will entitle the holder thereof to acquire one additional common share at an exercise price of CAD 0.70 per Common Share for a period of 24 months from the date of issuance of the FT Units. Each NFT Unit will consist of one Common Share and one Common Share purchase warrant, with each warrant entitling the holder thereof to acquire one additional Common Share at an exercise price of CAD 0.70 per Common Share for a period of 24 months from the date of issuance of the NFT Units. Closing of the FT Units and NFT Units is expected to occur on or about June 1, 2026 and is subject to all customary approvals. Closing of the PFT Units is expected to occur on or about June 11, 2026 and is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. The transaction led by Daniel Earle and Significant insider participation, including a CAD 500,000 subscription from Stephen Stewart. No fees will be paid in connection with this financing. New Risk • May 22
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 Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$21.4m market cap, or US$15.5m). Announcement • May 22
Stardust Metal Corp., Annual General Meeting, Jul 14, 2026 Stardust Metal Corp., Annual General Meeting, Jul 14, 2026. Announcement • Nov 27
Stardust Metal Corp. Announces the Discovery of Significant Geophysical Target at its McGarry Project Stardust Metal Corp. announced the discovery of a significant geophysical target at its McGarry Project, located in the heart of the world-class Kirkland Lake gold district, home to some of Canada's most prolific high-grade gold mines, including Kerr Addison, Macassa, Upper Beaver, and several others. Geophysical Target Highlights. MT Anomaly. The Magnetotellurics (MT) survey highlights a large, deep feature beneath the sedimentary cover, visible from approximately -250 m and extending well beyond -1,000 m, below the depth detectable by conventional IP methods. IP Survey. An Induced Polarization (IP) survey was done concurrently with the MT survey and confirms the general pattern of the MT results in the top 250 of the sections both in terms of the resistivity and the chargeability responses and major features such as the Larder Lake-Cadillac Deformation Zone (LLCDZ), the Armistice Fault and the Mill Zone Fault are visible on both surveys but the anomaly that is highlighted in this news release is located below the IP response. Geological Interpretation: The anomaly is interpreted as a folded ultramafic unit, in disconformable contact with overlying sediments and forms a synclinal structure plunging to the west. The base of the sedimentary unit has not been intersected in drilling and until recently was thought to be very deep and beyond the limit of geophysics. But the MT response is very clear and indicates the presence of a low-resistivity body sitting right beneath the sediments and espousing the syncline from about 250m depth to well beyond 1000m. Its shape and response suggests potential to host an ultramafic unit similar to the rocks that host the known gold deposits in the district. Only drilling this target will tell if gold-rich solutions penetrated the body but an Ambient Noise Tomographic (ANT) seismic survey should refine the target in anticipation of drill testing. Structural and Regional Context: Key structures including the LLCDZ, Armistice Fault, and Mill Zone Fault are clearly reflected in both IP and MT datasets, demonstrating the reliability of the survey and aligning with known district-scale controls on mineralization. District Significance: The McGarry Project sits immediately adjacent to several historic and currently operating high-grade mines. The identification of a deep, never-drilled target within potentially ultramafic rocks underscores the potential to discover new, high-grade zones at depth, complementing the district's rich endowment of gold resources. This target, which has never been drilled and was highlighted during recent compilation work, was identified due to a comprehensive IP-MT survey completed by Quantec and reviewed and interpreted by Charles Beaudry, M.Sc., P.Geo. The anomaly sits beneath a sedimentary unit usually mapped as Temiskaming Assemblage and, by its shape and low resistivity, is thought to represent an ultramafic unit. The anomaly's size, depth, and geological context make it a high-priority drill target, with potential to host significant mineralization similar to nearby high-grade deposits. "If it is an ultramafic unit as postulated, it has never been tested in drilling or seen in underground workings and it is possible that the fluids responsible for the Kerr Addison deposit could have penetrated the domain lying beneath the sedimentary unit. This prediction is totally reasonable because of the presence of significant near surface gold mineralization (see Mill Zone on Kerr Addison and McGarry properties) as much as 1,000 metres south of the Larder Lake- Cadillac Deformation Zone (llCDZ"), said Charles Beaudry, Director of Stardust. Next Steps. Stardust plans to conduct an Ambient Noise Tomography (ANT) survey to provide high-resolution 3D imaging of density-velocity contrasts. This approach will refine the depth, size, and geometry of the anomaly and guide the first-ever drill testing of this exciting ultramafic target. New Risk • Aug 28
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$2.9m 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$2.9m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.35m market cap, or US$3.89m). 