New Risk • Jun 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 Less than 1 year of cash runway based on free cash flow trend (-CA$402k free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.39m market cap, or US$1.76m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • May 29
Arctic Star Exploration Corp. Provides Finland Diamond Update Arctic Star Exploration Corp. announced that it has completed landowner payments necessary to keep title in good standing on the Timantti Project (Project), near Kuusamo, Finland. There have been several diamond bearing kimberlite discoveries made on this Project. The Tamantti Project consists of two exploration permits, totaling 1125Ha: the 243 Ha Solavaara Permit, and the 882 Ha Vaimouso permit. The Company purchased Finnish holding company (Foriet Oy.) that held the Solavaara permit and the White Wolf kimberlite discovery in 2018. Since acquisition, Arctic Star has discovered four new kimberlites: Black Wolf, Grey Wolf, Vassa and Karhu. The Vaimouso permit was obtained by Arctic Star to capture the surrounding exploration potential and it adjoins the Solavaara permit. Remarkably each kimberlite discovery on the Timantti Project is diamond bearing. The Project is located in excellent infrastructure with roads and power grids and lies 11 km NE of the town of Kuusamo, which is serviced by daily flights to Helsinki. Table 1 lists the caustic fusion diamond results from each discovery, giving sample size in kilograms, with the diamond results sized by sieving noting the mesh size that the diamonds sit on. Nominal 8kg Samples were sent to the independent SRC laboratories in Saskatoon, and Microlithics laboratory in Thunder Bay. White Wolf kimberlite received the most attention with holes being drilled at the 12, 3, 6, and 9 o'clock positions around the occurrence angled towards the centre. The northern "12 O'clock" drill hole encountered kimberlite earlier than would be expected if the kimberlite was behavior like the model and forming a tapering carrot shaped pipe, triggering a possible alternative explanation that this body is instead a dyke dipping to the north at 30deg. The Black and Grey Wolf kimberlite were also interpreted as being part of the same dyke, displaced 10's of metres by post-emplacement faulting. The plan is to return to the Wolf test the dyke concept with more drill holes angled from the north. If the concept is true testing a single, slightly offset dyke down dip has potential for increasing tonnage. history of discovery and the possibility of further success. The White Wolf kimberlite was originally found by tracing a diamond indicator mineral (DIM) dispersal train in the till to where it terminated up-ice, then drill testing a magnetic anomaly. Vassa was drill tested and was shown to be a 1.5m wide dyke. Two separate dykes where intercepted. Karhu with a White Wolf like magnetic anomaly, is yet to be drill tested. The discovery of these kimberlites prove the company are in a cluster of kimberlites with multiple bodies. World-wide, kimberlites average 30 members, and some clusters have 100's which suggests that there are more kimberlites to be found. Diamond indicator mineral results from public data (taken by other companies) from both the Finnish and Russian sides of the border demonstrate a large 30km wide regional DIM plume, formed by ice age glaciation emanating from the Kuusamo area, continuing down-ice 30 km. Announcement • Apr 21
Arctic Star Exploration Corp., Annual General Meeting, Jun 19, 2025 Arctic Star Exploration Corp., Annual General Meeting, Jun 19, 2025. Location: british columbia, vancouver Canada Board Change • Apr 01
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. 2 experienced directors. 2 highly experienced directors. Independent Director Darryl Sittler was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 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$422k 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$422k free cash flow). Share price has been highly volatile over the past 3 months (51% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.35m market cap, or US$2.39m). Minor Risk Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Announcement • Aug 03
Arctic Star Exploration Corp. Announces Resignation of Thomas Yingling as Director Arctic Star Exploration Corp. announced the announces that Mr. Thomas Yingling has resigned as director of the Company. The board would like to thank Mr. Yingling for his many years of service to the Company as director. Announcement • Jul 27
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.275 million in funding Arctic Star Exploration Corp announced a non-brokered private placement of up to 13,750,000 units at an issue price of CAD 0.02 per Unit, for gross proceeds of up to CAD 275,000 on July 26, 2024. Each Unit will be comprised of one common share and one nontransferable share purchase warrant. Each Warrant is exercisable to purchase one additional Share or a period of 24 months from the closing date at an exercise price of CAD 0.08 per Warrant Share. The Company may pay a finder’s fee on the Offering within the maximum amount permitted by the policies of the TSX Venture Exchange (“TSXV”). The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. No Insiders or persons conducting investor relations activities are expected to participate in the Offering. Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the TSXV. The securities to be issued under the Offering will be offered by way of private placement in such provinces or territories of Canada as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing of the Offering. New Risk • Jun 04
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$553k 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$553k free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.69m market cap, or US$4.89m). Minor Risk Shareholders have been diluted in the past year (9.8% increase in shares outstanding). New Risk • Dec 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% 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 Share price has been highly volatile over the past 3 months (33% average weekly change). Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.96m market cap, or US$2.98m). Announcement • Oct 13
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.3 million in funding Arctic Star Exploration Corp. announced a non-brokered private placement of up to 30,000,000 units at an issue price of CAD 0.01 per unit for the gross proceeds of CAD 300,000 on October 12, 2023. Each Unit will be comprised of one common share and one nontransferable share purchase warrant. Each Warrant is exercisable to purchase one additional Share for a period of 24 months from the closing date at an exercise price of CAD 0.05 per Warrant Share. The Company may pay a finder’s fee on the Offering within the maximum amount permitted by the policies of the TSXV. The company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the TSXV. All Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing of the Offering. Announcement • Aug 04
Arctic Star Exploration Corp., Annual General Meeting, Oct 03, 2023 Arctic Star Exploration Corp., Annual General Meeting, Oct 03, 2023. Announcement • Dec 06
Arctic Star Exploration Corp. Receives Caustic Fusion Diamond Results from Sequoia Kimberlite Complex from Diagras JV Project Arctic Star Exploration Corp. announced that it has received caustic fusion diamond results from the Sequoia Kimberlite complex from the Diagras JV project (81.5% ADD), in the Lac de Gras area of the Northwest Territories. The results are from the 6 holes completed into Sequoia in spring 2022, 5 of which encountered kimberlite. The holes are part of a delineation drilling program designed to define the size, shape, geology, and tonnage of the Sequoia Kimberlite complex. In this program, three holes are drilled from one collar, with the collars being spread approximately 200m apart, with scope to infill up to 100m centers. At each collar a vertical hole is drilled to the assumed center of the kimberlite, this will continue to 250m depth or when it exits the kimberlite. The rig is then tilted and spun, to drill an inclined hole to the east and then a hole to the west. These holes are designed to capture the edge of the kimberlite. Further drilling planned for 2023 is required to complete this first past delineation program. The geophysical signature of the complex is at least 800m long and the holes reported here are from the southern 200m. Remarkable is the consistent descriptions of the stones being overwhelmingly clear and white from the SRC lab and this continues with the 2022 results. If this trend continues into the larger commercial stones it bodes well for a higher than average prices for the Sequoia diamonds. Average prices of commercial diamonds in the Lac De Gras field are highly variable (From USD 30/ct to USD 450/ct), from kimberlite to kimberlite. The coarse distribution, predominance of white clear stones, the high population of type 2 stones, and the concurring indicator mineral chemistry are layers of evidence that this is achievable. A larger sample with >1000ct of commercial size diamonds will be required to confirm this. This sample is planned for the 2024 Winter Road. The geological observations from each hole report three main rock types, a Coherent Kimberlite, a Volcaniclastic kimberlite, and a transitional kimberlite between these two types, a review of the diamond tenure of each rock type and their distribution is underway and will be reported when completed. Planning and budgeting are underway for the 2023 program. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Scott Eldridge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
Arctic Star Exploration Corp. Receives the Final Caustic Fusion Diamond Results from Drill Testing the Arbutus Kimberlites At the Diagras Diamond Project Arctic Star Exploration Corp. announced it has received the final caustic fusion diamond results from drill testing the Arbutus kimberlites at the Diagras Diamond Project (Diagras), obtained from the 2022 Spring diamond drilling program. The Diagras project is located at prolific diamond production district of Lac de Gras in the Northwest Territories and is a Joint Venture (the JV) between Artic Star (81.5%) and Margaret Lake Diamonds Inc. (DIA) (18.5%). The Arbutus caustic fusion diamond results are listed in bold, in, along with other discoveries on the Diagras property to date. Scanning the table, it can quickly be seen the Arbutus result is the second-best result to date. The laboratory also provided descriptions of all diamonds 0.3mm in diameter and greater, of which there were 8. Of these, 2 are grey and translucent, 5 are white to off white, and 1 is yellow. All are described as aggregates or fragments. Please note these stones are too small to be consider gem, economic stones are >1.18mm in diameter. The Arbutus Kimberlite is adjacent and to the south of the Finlay kimberlite discovered in the 1990's. Previous workers drilled serval holes into Finlay but never made the results public. With Arbutus proving diamond positive the JV now plans to test Finlay for diamonds. The JV awaits the diamond results from the Spring drilling program on Sequoia these should become available over the next weeks. Once these diamond results are in hand the JV will be able to scope further work and Sequoia. The JV also plans to continue to explore for new kimberlites on the property in 2023. Announcement • Sep 03
Arctic Star Exploration Corp. Provides Guidance on Caustic Fusion Lab Result Timing Arctic Star Exploration Corp. has been tracking the progress of Arctic's samples at SRC diamond laboratory in Saskatchewan. Recent correspondence with the laboratory suggests, caustic fusion results should start becoming available at the end of next week, September 9, 2022. Previously in Arctic's June 30, 2022 company had indicated that results should be expected through July and August. The Diagras Joint Venture (Arctic Star 81.5%, Margaret Lake Diamonds Inc. 18.5%) will report the results as soon as they are available. They will be crucial in planning Arctic's next exploration program. The joint venture is in the process of planning, permitting and budgeting the 2023 program. Announcement • Aug 19
Arctic Star Exploration Corp. announced that it has received CAD 0.125 million in funding Arctic Star Exploration Corp. announced a non-brokered private placement of 1,562,500 units at CAD 0.08 per unit for gross proceeds of CAD 125,000 on August 18, 2022. The warrants issued under the transaction are exercisable to purchase 1,562,500 common shares at CAD 0.10 per share, until August 18, 2024 or earlier subject to an accelerated option clause pursuant to the acceleration clause, if the common shares of the company close at or above CAD 0.30 for five consecutive trading days on the TSX Venture Exchange then the warrants must be exercised within a 60-day period by the warrant holders, or failing which, the warrants shall expire as null and void. All securities issued in connection with the transaction are subject to a statutory hold period expiring on December 19, 2022. Announcement • Jul 14
Arctic Star Exploration Corp. announced that it has received CAD 1 million in funding On July 12, 2022, Arctic Star Exploration Corp. closed the transaction. The warrants issued under the transaction are exercisable to purchase 14,285,714 common shares of the company at CAD 0.10 per Share, until July 8, 2024 or earlier subject to an
accelerated option clause. Announcement • Jun 22
Arctic Star Exploration Corp. announced that it expects to receive CAD 1 million in funding Arctic Star Exploration Corp. announced a non-brokered private placement of 14,285,714 units at a price of CAD 0.07 per unit for gross proceeds of up to CAD 1,000,000 on June 21, 2022. Each unit is comprised of one common share and one non-transferable share purchase warrant, entitling the holder to acquire one common share for a period of 2 years from closing at a exercise price of CAD 0.1 per share. The Company may pay a finder's fee on the within the maximum amount permitted by the policies of the TSXV. The Company may complete multiple closings of the private placement, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. The closing of the private placement is subject to certain customary conditions, including, without limitation, approval of the TSXV. The securities to be issued under the private placement will be offered by way in the provinces of British Columbia, Alberta and Ontario and such other provinces or territories of Canada as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. The securities issued under the private placement will be subject to a hold period which will expire four months and one day from the date of closing. Announcement • Jun 14
Arctic Star Completes Successful Spring 2022 Exploration Program, Diagras Project NT Arctic Star Exploration Corp. announced that it has completed its spring exploration program on the Diagras project, Northwest Territories, a joint venture between Arctic Star (81.5%) and Margaret Lake Diamonds (18.5%). The season's accomplishments are summarized below. The drill program completed nine holes, totaling 1,098 meters Six were directed towards the ongoing delineation of the Sequoia kimberlite complex and three others were completed exploring for new kimberlite on two exploration targets. This work resulted in the discovery of the Arbutus kimberlite. Table 1 provides the location, bearing, total depth, and dip of each drill hole. Table 2 outlines the geology intersected in each hole. The total meters of kimberlite intersected at Sequoia was 504 meters. The total number of meters intersected at Arbutus is 41.4 meters. HQ drill core has a diameter of 6.35cm, the density of the kimberlite is not yet known however they assume a density of 2.4g/cm3, 1m of core with a weight of approx. 7.6kg, the core is split with half or approximately 3.8kg per meter going to the lab for caustic fusion. Therefore, the total estimated sample to be sent for caustic fusion from Sequoia is estimated at 1915 kilograms. Drill holes DG2022-01 to DG2022-03 were drilled 22m south-southeast of the initial 2021 discovery hole in Sequoia. The first hole was drilled vertical with the following two holes being drilled to the east (DG2002-02) and west (DG2002-03). The intercepts in the angled holes suggest they are drilling of the southern edge of an eruption center. The current thinking is Sequoia is a series of kimberlite pipes that have overlapping craters and this round of drill is at the edge of one of these pipe craters. Drill holes DG2022-05 to DG2022-07 were drilled 100 m to the north-northeast of holes 1 through 3 and are interpreted to be more central in this eruption center with DG2022-05 ending in kimberlite. DG2022-06 drilled to the east hitting the edge of the kimberlite 30.8 m horizontal distance and 84.6 m below the surface. DG2022-07 was drilled westward and hit the edge of the kimberlite at 28.7 m horizontal distance and 78.9m below the surface. Combined these holes suggest the kimberlite has an east-west width of 59.5 m at this location and depth. Further delineation drilling is planned to further understand the geology, geometry, and grade of Sequoia. NQ drill core was used in the discovery of the Arbutus kimberlite. NQ core has a diameter of 4.76cm. A kimberlite with a density of 2.4g/cm3 will weigh 2.2kg/meter and it is estimated that, and 147 kilograms will be sent for caustic fusion for Arbutus, with the entire drill hole DG2022-09 and the one half split from DG2022-08 being fused. Announcement • Jun 02
Arctic Star Exploration Corp., Annual General Meeting, Jul 22, 2022 Arctic Star Exploration Corp., Annual General Meeting, Jul 22, 2022. Announcement • May 19
Arctic Star Reports Nitrogen Free Diamonds, Further Encouragement That Sequoia May Have >50Ct Diamonds Arctic Star Exploration Corp. announced that has received the results of a diamond type study based on twelve >0.3mm diameter diamonds retrieved by caustic fusion analysis of the Sequoia Kimberlite in 2021, on is Diagras diamond property, NT The diamonds were studied at the Saskatchewan Research Council Diamond laboratory in Saskatoon, (an ISO/IEC 1705 Standard lab), using Fourier Transform Infrared ("FTIR") Spectrometry. This type of spectrometry is used to determine the concentration and aggregation state of nitrogen within the diamonds. Diamonds are broadly divided into two types (I and II) based on the presence or absence of nitrogen impurities and further subdivided according to the arrangement of nitrogen atoms (isolated or aggregated) and the occurrence of boron impurities. The results show that 50% of the diamonds are nitrogen free type IIa diamonds, 33% Type IaA, and 17% Type IaB. showing a pie graph depicting the results. This is in contrast to the global distribution where it is estimated Type IaA dominates 96% and Type IIa diamonds only make up 2%. Only a small number of active diamond mines regularly produce Type IIa diamonds with the most significant of these being Letseng-la-Terae (Letseng Mine) in the Kingdom of Lesotho and Karowe in Botswana. While Letseng is a low grade (1.5-3 cpht) kimberlite and Karowe approximately (15 cpht), they are probably the most prolific source of large high-value Type IIa diamonds, which contribute to making Letseng and Karowe highly economic deposits. The Koloa pipe, part of the Ekati mining complex, 34 kilometers west of the Sequoia kimberlite complex is also known to contain these types of diamonds. Type IIa diamonds contain no nitrogen or boron impurities and are frequently either top white colours (D, E, F, or G) or shades of brown. Many pink and brownish-pink diamonds are also Type IIa. Type IIa diamonds typically have an anhedral crystal shape and exhibit a range of elongated, distorted, or irregular morphologies. Many high-value, top colour, large specials (greater than 10.8 carats) are Type IIa diamonds, which include all ten of the largest known rough diamonds recovered worldwide, from the 726 carat Jonker to the 3,106 carat Cullinan. Interestingly inclusion studies find that the majority of these large stones have come from great depth. On September 9th, 2021, Arctic Star released results of a study of the indicator minerals recovered from Sequoia, which were analyzed and interpreted by Chuck Fipke. Unusually abundant deeply sourced indicator minerals were reported ($DI indicators), and these are associated with >50ct large Type IIa diamonds from Leteseng, Karowe, and Ekati. This work thus predicted the presence of Type IIa diamonds, now confirmed by the FTIR. The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 35 years of experience in diamond exploration, discovery, and evaluation. A Qualified Person under the provisions of the National Instrument 43-101. Announcement • May 14
Arctic Star Exploration Corp. announced that it has received CAD 3.40327 million in funding On May 12, 2022, Arctic Star Exploration Corp. closed the transaction. The company raised CAD 3.40327 million in the transaction. The company issued 18,316,998 non-Flow through units and 1,537,500 flow through units in its final tranche for gross proceeds of CAD 1,405,190. The company issued 39,175,285 non-Flow through units and 8,262,500 Flow through units in the transaction. In connection with the closing of the Final Tranche, the Company paid cash finders’ fees of CAD 52,210.80and issued 735,749 non-transferable share purchase warrants to certain eligible finders. The Finders’ Warrants are exercisable to purchase 664,499 Shares at CAD 0.10 per Share and 71,250 Shares at CAD 0.15 per Share. The Finder’s Warrants expire on May 12, 2024, or earlier subject to the Acceleration Clause. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Board Change • Apr 27
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. 4 non-independent directors. Independent Director Scott Eldridge was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
Arctic Star Exploration Corp. Announces the HQ Diameter Diamond Drill Program Begun on the Sequoia Kimberlite Complex Arctic Star Exploration Corp. announced that the HQ diameter diamond drill program has begun on the Sequoia kimberlite complex. The first hole is situated 22 meters south of the original 2021 discovery hole. The proposed drill pattern is to drill a vertical hole to 200 meters in the interpreted east-west center of the kimberlite. After completion of the first hole a 2nd and 3rd angled hole will be drilled from the same site to the east and to the west until they exit the kimberlite. These are designed to find the country rock contacts of the north-south trending kimberlite complex. This pattern will be repeated at 200m spacings across the extent of the complex. This drill program will give an early first estimate of the geology, geometry, and tonnage of the kimberlite complex. Detailed core logging will define the different kimberlite phases and caustic fusion micro-diamond analysis will estimate the different diamond grades and populations. The phase 2, high resolution, 75m line spacing, airborne, "Resolve" survey, flown by Xcalibur is now complete, giving full coverage of the entire 48,346 ha Diagras property. The data is being used to discern two types of drill targets, Class A and Class B. The Class "A" targets are new kimberlite like anomalies that, based on its compilation of historic data, have never been previously drill tested. The new geophysical data reveals several of these in both the magnetic and EM data. The Class "B" targets are the 25 known kimberlites on the property. The historic exploration tended to assume these kimberlites were classic single event, vertical, "carrot shaped" pipe like bodies as dictated by the kimberlite model. However, experience in the Lac De Gras kimberlite field, (an 80km by 120km ellipse containing >200 kimberlites of similar age), has demonstrated that many of the kimberlites are not single, but multiple eruptive events with multiple lobes forming complexes, with complex shapes. The Class B style target has been the focus of its exploration to date and in 2021 it led to the discovery of 5 new kimberlites confirming the concept. The new 75m spaced airborne data now at hand will short circuit the review of the remaining known kimberlites and surrounding areas. Announcement • Mar 29
Arctic Star Exploration Corp Appoints Darryl Sittler as Director Arctic Star Exploration Corp. announced that former NHL professional hockey player Darryl Sittler is joining the Arctic Star Team as a Board of Director and also as the Vice President of Corporate Communications, effective immediately. Mr. Sittler played in the National Hockey league from 1970 to 1985 for the Toronto Maple Leafs, the Philadelphia Flyers, and the Detroit Red Wings. Since retiring from the NHL, Mr. Sittler was elected to the Hockey Hall of Fame in 1989. In 1991 he rejoined the Maple Leaf organization as a consultant to the President which includes public relations and corporate relations. In 2003 the Leafs honored Mr. Sittler by raising his number 27 banner to hang in the Scotiabank Arena. Today, Mr. Sittler continues his role as an ambassador to Maple Leaf Sports and Entertainment and travels across Canada doing public speaking, autograph signings, and appearances for various companies, charities, and organizations. Over the past number of years, Mr. Sittler continues to serve as a director to mineral exploration companies boards and has accumulated over 22 years of experience in the company's industry. Announcement • Feb 27
Arctic Star Exploration Corp. Receives the First Diamond Results from Its Karhu Kimberlite Discovery Arctic Star Exploration Corp. announced it has received the first diamond results from its Karhu Kimberlite discovery. The Karhu Kimberlite was discovered in summer 2019 and sampled in the fall by excavator. The sample consisted of 18 separate, approximately 8kg samples, taken sequentially from the bucket as the excavator dug into the exposed kimberlite, which was obscured by a thin till layer. The sample was recovered in November 2021; the hiatus between sampling and processing was caused predominantly by the pandemic and also in part due to the need to focus funding our Diagras project which took priority. Once travel restrictions are lifted and with funding in place, the samples were recovered from storage, seals intact, and dispatched to the laboratory. An application to renew the Exploration Permit, on which all our kimberlite discoveries occur, was filed in February 2021. The industry is experiencing delays processing Exploration Permits and ours is no exception in part due to the pandemic causing public service staffing shortages because of intense gold exploration activity creating a large workload. The Company has no reason to think that the application for a three-year extension will not be granted. Once in hand, the Company will apply for a drill permit. Announcement • Feb 11
Arctic Star Exploration Corp. announced that it expects to receive CAD 3.4 million in funding Arctic Star Exploration Corp. announced a non-brokered private placement of up to 8,571,428 non-flow through units at a price of CAD 0.07 per unit, for gross proceeds of CAD 600,000 and up to 35,000,000 flow-through units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 2,800,000; for an aggregate gross proceeds of up to CAD 3,400,000 on February 10, 2022. Each non flow-through unit will be comprised of one non flow-through common share of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of CAD 0.10 for a period of 24 months following the closing date. Each flow-through unit will be comprised of one flow-through common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one flow-through common share of the company at a price of CAD 0.15 for a period of 24 months following the closing date. The warrants contain an accelerated option clause. The company may pay a finder’s fee on the transaction within the maximum amount permitted by the policies of the exchange. The company may complete multiple closings of the transaction, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. All securities will be subject to a four-month hold period from the closing date. The transaction is subject to TSX Venture Exchange approval. Announcement • Sep 12
Arctic Star Exploration Corp. Announces Helicopter Borne Magnetic and Frequency Domain "Resolve" EM Survey Arctic Star Exploration Corp. announced that Geophysical crews are mobilizing to the Diagras property to fly the entire project with a Helicopter borne magnetic and Frequency domain "Resolve" EM survey at 75m linespacing. The entire survey will be approximately 6,000 line kilometres. The work will give exploration team a coherent data set to explore for previously undiscovered kimberlites. The Resolve system was designed in particular to detect Lac de Gras kimberlite derived EM responses. team will also utilize recently derived filters that highlight magnetic remanence, again a property that many of the Lac de Gras kimberlites exhibit, unique when contrasted against the background country rocks. The survey also has the added benefit of meeting the expenditure commitments required to hold the mineral claims that make up the Dia Gras Project. Announcement • Sep 11
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.6 million in funding Arctic Star Exploration Corp. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.15 per unit, for gross proceeds of CAD 600,000 on September 10, 2021. Each flow-through unit will be comprised of one common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of CAD 0.20 for a period of 18 months following the closing date. All securities will be subject to a four-month hold period from the closing date. The transaction is subject to TSX Venture Exchange approval. Announcement • Sep 10
Arctic Star Exploration Corp. Received Diamond Indictor Mineral Results and an Interpretation of These from Chuck Fipke for the First Hole into the Sequoia Kimberlite Complex Arctic Star Exploration Corp. announced that it has received diamond indictor mineral results and an interpretation of these from Chuck Fipke for the first hole into the Sequoia Kimberlite complex. The results demonstrate the existence of a number of indicator types that occur with diamonds and strongly suggest the presence of diamonds. Furthermore, indicator minerals of identical multi-element chemistry to those found as inclusions in large >50 carat diamonds world-wide are abundant. The indicators from different kimberlite types are starkly different. These observations are in agreement with the caustic diamond results, which show the different kimberlite types have different stone/kg counts and also hints at a coarse diamond distribution. Ultimately a bulk sample will be required to confirm the diamond distribution and this is the normal path of progress for diamond exploration. Prior to this a drill program defining the volumes of the different kimberlite types and their caustic fusion diamond distribution is planned for spring 2022. Announcement • Jun 09
Arctic Star Exploration Corp. announced that it has received CAD 0.8 million in funding On June 7, 2021, Arctic Star Exploration Corp. (TSXV:ADD) closed the transaction. The company paid finders' fees of an aggregate of CAD 36,300 to certain finders in connection with the closing of the private placement. The securities issued under the private placement, and the shares that may be issuable on exercise of the warrants, are subject to a statutory hold period expiring on October 5, 2021. The transaction included participation from 46 placees. Total Pro-Group Involvement for 3,000,000 flow-through units for 11 placees. The company paid CAD 2,100 to PI Financial Corp, CAD 3,600 to Haywood Securities Inc., CAD 27,600 to Canaccord Genuity Corp. and CAD 3,000 to Odlum Brown Ltd. Announcement • Jun 04
Arctic Star Exploration Corp. Provides Details of the Birch Kimberlite, Diagras, Lac De Gras, Nwt Arctic Star Exploration Corp. announced that it has received more detailed geological logs for the Birch kimberlite. The core has been logged in Yellowknife by Dan Gainer, P. Geo. A geologist who is familiar with kimberlites. Dan has recognized two kimberlite types in the two drill holes drilled at Birch. Kimberlite 1 is described as a black olivine poor resedimented volcanoclastic kimberlite and Kimberlite 2 as a grey clast supported olivine rich resedimented volcanoclastic kimberlite. Kimberlite 1 has a high percentage of mudstones imparting the dark colour. Kimbelrite 2 has an abundant mantle derived fragments and indicator minerals whereas these are not common in Kimberlite 1. It was noted that kimberlite 2 contained fragments of kimberlite 1. The geology from the 2 Birch kimberlite holes, the first drilled vertical and the second drilled to the east at 82.2 degrees dip from the same location. A total of 43.71m of Kimberlite, 27.96m (64%) of Kimberlite 1 & 15.76m (36%) of Kimberlite 2. Total 37.95m of kimberlite, 13.2m (35%) Kimberlite1 & 24.26m (65%) Kimberlite 2. Total kimberlite 81.66m. The kimberlite NQ size drill core was mechanically split and half of it was sent to CFM laboratories in Kelowna for caustic fusion. The portions of the two kimberlite types from the two holes are 50/50. Samples were sent in 8kg charges (which represent approximately 4.3m of core separated by geology where possible). The lab began processing 12 days ago which has a rate of 3 samples every two days. Kimberlite 1: Conspicuous white olivine in a dark mud derived matrix. Matrix supported, poorly sorted. About 20% Olivine. with 5% broken fine to medium (1-4 mm) irregular, anhedral shaped macrocrysts and 15% occasionally broken, subhedral, elongate, very very fine to fine (0.25-1 mm) phenocrysts. All olivine
is completely altered to light green serpentine with minor carbonate. Country rock xenoliths comprise <10% of this core and are dominated by weak to moderately altered granite, ranging in size from 0.2-1 cm with rare up to 10 cm observed. Less common mudstone and diabase fragments up to 2 cm are also observed. Rare Indicators of 0.5-5 mm dark purple and red pyrope with thin kelphitic rims are observed. Magmaclasts are rare and have thin incomplete or complete dark brown rims around country rock fragments. Kimberlite 2: Dark grey colour comprised of closely packed olivine crystals and country rock xenoliths in black mud matrix, clast supported. Olivine abundance is around 40-50% with an irregular coarse population 30% broken fine to coarse (1-8 mm) irregular, anhedral shaped macrocrysts and occasionally broken, subhedral, elongate, (0.25-1 mm) phenocrysts. All olivine is completely altered to light green serpentine with minor carbonate. Country rock xenoliths comprise 10-20% of this core and are dominated by altered granite, ranging in size from 0.2-1 cm with rare up to 10 cm observed. Less common mudstone and diabase fragments up to 2 cm are also recorded. Matrix is black, composed of mud and minor lithic fragments with weak carbonate alteration. Indicators of 0.5-5 mm dark purple and red pyrope with thin kelphitic rims are common. <1mm bright green chrome diopsides are observed. Magmaclasts are common with thin incomplete or complete dark brown rims around country rock fragments. Autoliths of KIMB1 0.5-5 cm are observed. Mantle xenoliths of peridotite 0.5-1 cm are observed. The company also received the final ground geophysical data from around the Birch discovery a figure 3, summarizes these results. The Birch kimberlite occurs to the SE of the Black Spruce Kimberlite discovered in the 1990's by drilling a prominent magnetic low. The black ellipse in the figure outlines that magnetic anomaly and is best guess for its location. In the figure the ground Ohmmapper survey that measures resistivity, the colours highlight the more conductive zones as the "hot" red/magenta colours. The Red ellispses are anomalies generated by a ground gravity survey (Gravity lows). The data suggests the Birch kimberlite is a 150m long ellipse as defined by the gravity and EM. The other red ellispses are secondary gravity anomalies. Announcement • May 22
Arctic Star Exploration Corp. Completes Successful Spring Exploration Program Arctic Star Exploration Corp. announced that drill hole DG2021-08 completed at 145m, intersecting kimberlite from 31.0m to 113.6m in the Cedar kimberlite discovery. This completes successful spring program discovering 5 kimberlites named Birch, Sequoia, Alder, and Cedar. A 0.5m kimberlite dyke has been confirmed by detailed logging DG2021-03 a hole drilled 125m east of the Birch kimberlite. The core from each kimberlite has been sent to Yellowknife for detailed geological logging. Dan Gainer, P. Geol a geologist with kimberlite experience, is logging the core. Once the logging is finished the core is split in half by mechanical means and half of the core is sent to the laboratory. Kimberlite from Birch has been sent to CFM laboratories in Kelowna and kimberlite from Sequoia to SRC laboratories in Saskatoon. A primary review of the kimberlites discovered shows them to be volcanoclastic kimberlites with varying degrees of country rock and kimberlite clasts. Coarse grained olivine and abundant mantle derived indicator minerals. Summer exploration plans will focus on and around the kimberlites that return interesting diamond results. Recent Insider Transactions • May 13
Chief Financial Officer recently sold CA$51k worth of stock On the 7th of May, Brijender Jassal sold around 250k shares on-market at roughly CA$0.20 per share. This was the largest sale by an insider in the last 3 months. Brijender has been a seller over the last 12 months, reducing personal holdings by CA$51k. Announcement • May 08
Arctic Star Exploration Corp. Discovers Third Kimberlite, Diagras, Lac De Gras, NWT Arctic Star Exploration Corp. announced that a third kimberlite has been discovered during Spring 2021 exploration program on the Diagras project, Lac de Gras district, NWT. The discovery has been named Alder. The Alder kimberlite was found by drilling a distinct EM anomaly in the vicinity of the known HL02 kimberlite. Drilling at a dip of 60° it encountered kimberlite at 19 meters in depth. As of writing this news release, the drill continues to intersect kimberlite at 115 meters in depth. Drilling will continue in order to obtain more kimberlite for caustic fusion diamond analysis. After completion of this hole the rig will move to the next target. Earlier in the week the drill tested a target near the known Kong kimberlites. No kimberlite was intersected however, the drilling did not explain the EM anomaly being tested. Arctic Star will likely return to this target in this or future exploration programs. Announcement • Apr 27
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.8 million in funding Arctic Star Exploration Corp. (TSXV:ADD) announced a anon-brokered private placement of up to 8,000,000 flow-through units at a price of CAD 0.10 per unit, for gross proceeds of CAD 800,000 on April 26, 2021. Each flow-through unit will be comprised of one common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of CAD 0.20 for a period of 24 months following the closing date. All securities will be subject to a four-month hold period from the closing date. The transaction is subject to TSX Venture Exchange approval. Announcement • Apr 07
Arctic Star Exploration Corp. announced that it has received CAD 2 million in funding On April 5, 2021, Arctic Star Exploration Corp. (TSXV:ADD) closed the transaction. The company paid finders fees of CAD 51,100 and issued 1,022,000 share purchase warrants to certain finders in relation to the transaction. Each finder's warrant is exercisable to purchase one share of the company at an exercisable price of CAD 0.10 per shar for a period of 2 years from the closing of the transaction. The transaction also included participation from certain insiders of the company for a total of 1,734,000 units. All the securities issued in the transaction are subject to a hold period expiring on August 1, 2021. Announcement • Feb 02
Arctic Star Exploration Corp. announced that it expects to receive CAD 0.4 million in funding Arctic Star Exploration Corp. (TSXV:ADD) announced a anon-brokered private placement of 8,000,000 units at a price of CAD 0.05 per unit, for gross proceeds of CAD 400,000 on February 1, 2021. Each unit will be comprised of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of CAD 0.10. All securities will be subject to a four-month hold period from the closing date. The transaction is subject to TSX Venture Exchange approval. Announcement • Sep 01
Arctic Star Exploration Corp. announced that it has received CAD 0.449 million in funding from Zimtu Capital Corp., BJ Financial Accounting Consulting Inc. On August 27, 2020, Arctic Star Exploration Corp. (TSXV:ADD) closed the transaction. The company has issued 17,960,000 shares for gross proceeds of $449,000. The transaction included participation from 10 investors including insiders of the company, BJ Financial Accounting Consulting Inc. for 500,000 shares and Zimtu Capital Corp. (TSXV:ZC) for 10,160,000 shares. The company has paid a finders of $1,800 in cash to PI Financial Corp. The filing documentation with respect to the transaction has been accepted by TSX Venture Exchange.