New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 92% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-CA$1.5m). Earnings have declined by 92% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$9.86m market cap, or US$7.26m). Announcement • Sep 09
Lupaka Gold Corp., Annual General Meeting, Nov 13, 2025 Lupaka Gold Corp., Annual General Meeting, Nov 13, 2025. Location: british columbia, vancouver Canada Announcement • Jul 02
Lupaka Gold Corp. Receives Final Award from the Arbitral Tribunal Lupaka Gold Corp. announced that on June 30, 2025 it has received the Final Award from the Arbitral Tribunal in the arbitration initiated by the Company against the Republic of Peru for violation of the Free Trade Agreement between Canada and Peru in connection with Lupaka's investment in the Invicta Gold Project. The Tribunal upheld Lupaka's claims and ordered Peru to pay Lupaka a total amount, which is currently approximately USD 60 million, as follows: Compensation in the amount of USD 40,400,000 (i.e. the full amount claimed by Lupaka), plus interest thereon at the rate of LIBOR +4% from 26 August 2019 until 30 June 2023 and UST +5% from 1 July 2023 to the date of payment, compounded annually. Reimbursement of costs and expenses incurred by the Company in the arbitration, totalling USD 4,215,956.42, plus compound interest at UST + 5% from the date of the award (June 30, 2025) to the date of final payment. New Risk • Apr 14
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$78k 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$78k free cash flow). Shares are highly illiquid. Negative equity (-CA$636k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.54m market cap, or US$1.11m). Board Change • Mar 19
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. 4 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 08
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. 4 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 13
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. 4 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 20
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. 4 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 30
Lupaka Gold Corp. announced that it has received CAD 0.075 million in funding On October 29, 2024. the company has closed the transaction. Announcement • Oct 09
Lupaka Gold Corp. announced that it expects to receive CAD 0.075 million in funding Lupaka Gold Corp. announced a non brokered private placement, to raise gross proceeds of up to CAD 75,000 on October 8, 2024. The company will issue 1,500,000 units at a price of $0.05 per unit. Each unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD 0.10 for a period of three years from closing. Insiders of the Company will be participating in the Placement. Gordon Ellis and Darryl Jones, each acquiring 200,000 Units in the Private Placement. No finders’ fees are expected to be paid. Final closing is expected to occur before the end of October, 2024, subject to receipt of final applicable regulatory approvals including approval of the TSX Venture Exchange. The shares and Warrants issued in the Placement are subject to a four-month hold period. Announcement • Sep 16
Lupaka Gold Corp., Annual General Meeting, Nov 07, 2024 Lupaka Gold Corp., Annual General Meeting, Nov 07, 2024. Location: british columbia, vancouver Canada Board Change • May 13
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 05
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 22
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 29
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 17
Lupaka Gold Corp. announced that it has received CAD 0.03 million in funding On November 15, 2023, Lupaka Gold Corp. closed the transaction. The company issued 500,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 30,000 in the transaction. All shares issued and warrant shares are subject to a hold period expiring four months plus one day from the closing in accordance with applicable securities laws. Closing of the Placement is subject
to receipt of final applicable regulatory approvals including approval of the TSX Venture Exchange. Board Change • Oct 30
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 19
Lupaka Gold Corp. announced that it expects to receive CAD 0.051 million in funding Lupaka Gold Corp. announced a non-brokered private placement of up to 850,000 units at a price of CAD 0.06 per unit for the gross proceeds of up to CAD 51,000 on October 18, 2023. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.10 for a period of three years from closing. No insiders of the company are participating in the placement and no finders’ fees are expected to be paid. The transaction is subject to receipt of final applicable regulatory approvals including approval of the TSX Venture Exchange. The shares and warrants issued in the placement are subject to a four-month hold period. Board Change • Oct 06
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 20
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$214k 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$214k free cash flow). Shares are highly illiquid. Negative equity (-CA$675k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.40m market cap, or US$1.03m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Aug 15
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 23
Lupaka Gold Corp., Annual General Meeting, Sep 08, 2023 Lupaka Gold Corp., Annual General Meeting, Sep 08, 2023. Announcement • Jun 09
Lupaka Gold Corp. announced that it expects to receive CAD 0.12 million in funding Lupaka Gold Corp. announced a non-brokered private placement and will issue 2,000,000 units at an issue price of CAD 0.06 per common share for gross proceeds of up to CAD 120,000 on June 8, 2023. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.1 for a period of three years from closing. Insiders of the company will be participating in the transaction. No finders’ fees are expected to be paid. Final closing is expected to occur before the end of June, 2023, subject to receipt of final applicable regulatory approvals including approval of the TSX Venture Exchange. The shares and warrants issued in the placement are subject to a four-month hold period. Board Change • Jan 09
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 17
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 30
Lupaka Gold Corp. announced that it has received CAD 0.2 million in funding On October 28, 2022, Lupaka Gold Corp. closed the transaction. Board Change • Oct 27
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 17
Lupaka Gold Corp. announced that it expects to receive CAD 0.2 million in funding Lupaka Gold Corp. announced a non-brokered private placement of 2,000,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 200,000 on September 16, 2022. Each unit consist of one common share and one common share purchase warrant entitling the holder to purchase an additional common share of the Company at a price of CAD 0.25 for a period of three years from closing. The shares will be subject to a hold period expiring four months and one day from the closing date of the Placement in accordance with applicable securities laws. Closing of the transaction is subject to final acceptance by the TSX Venture Exchange. No Insiders are participating in the transaction and no finders’ fees are expected to be paid. Board Change • Jul 11
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 27
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. 3 experienced directors. 3 highly experienced directors. Board Advisor Stephen Silbernagel was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jul 15
Lupaka Gold Corp. announced that it has received CAD 0.2 million in funding On JUly 14, 2021, Lupaka Gold Corp. closed the transaction. The company paid the finder's fees of CAD 10,000 in the transaction. Announcement • Jun 25
Lupaka Gold Corp. announced that it expects to receive CAD 0.2 million in funding Lupaka Gold Corp. (TSXV:LPK) announced a non-brokered private placement of 4,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 200,000 on June 23, 2021. Each units consists of one common share and one transferable common share purchase warrant, each warrant entitling the holder to acquire one common share of the company at a price of CAD 0.10 for a period of 3 years from the date of the closing of the transaction. All securities issued in the transaction are subject to a hold period of four months and one day from the closing date of the transaction. The closing of the transaction is subject to final acceptance by the TSX Venture Exchange. Announcement • Jan 22
Lupaka Gold Corp. announced that it has received CAD 0.1 million in funding On January 20, 2021, Lupaka Gold Corp. (TSXV:LPK) closed the transaction. Announcement • Jan 08
Lupaka Gold Corp. announced that it expects to receive CAD 0.1 million in funding Lupaka Gold Corp. (TSXV:LPK) announced a non-brokered private placement 2,000,000 common shares at a price of CAD 0.05 per share for the gross proceeds of CAD 100,000 on January 6, 2021. The shares will be subject to a four month hold period. Each unit consists of one common share and one common share purchase warrant entitling the holder to purchase an additional common share at a price of CAD 0.10 for a period of three years from closing. The shares will be subject to a hold period expiring four months and one day from the closing date in accordance with applicable securities laws. The closing of the placement is subject to final acceptance by the TSX Venture Exchange. The company will pay no finders' fees in the transaction. Announcement • Jul 17
GoldMining Inc. (TSX:GOLD) acquired Blue Rock Mining S.A.C. from Lupaka Gold Corp. (TSXV:LPK) for $4.21 million. GoldMining Inc. (TSX:GOLD) acquired Blue Rock Mining S.A.C. from Lupaka Gold Corp. (TSXV:LPK) for $4.21 million on November 20, 2017. The acquisition includes Crucero Project. As per the terms, consideration payable is $3.5 million shares of GoldMining Inc, and $0.71 million in cash. The GoldMining Shares issued under the transaction were subject to certain resale restrictions pursuant to the terms of the share purchase agreement. Of the total consideration amount of $6.7 million an advisory and success fee of $0.14 million was satisfied by issuing 0.09 million GoldMining Shares at a deemed price of $1.60 per share.
GoldMining Inc. (TSX:GOLD) completed the acquisition of Blue Rock Mining S.A.C. from Lupaka Gold Corp. (TSXV:LPK) in November 20, 2017. Announcement • Jun 18
Lupaka Gold Corp. Auditor Raises 'Going Concern' Doubt Lupaka Gold Corp. filed its Annual on Jun 12, 2020 for the period ending Dec 31, 2019. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.