Announcement • Apr 23
Sherpa Ii Holdings Corp. Completes Drill Program At Ec Target on the Bakar Property Sherpa II Holdings Corp. has announced the successful completion of its initial drilling program at the EC Target on its Bakar Property, located on northern Vancouver Island, British Columbia. The program consisted of two diamond drill holes, each completed to a depth of approximately 402 meters, for a total of 804 meters drilled. The campaign was designed to test coincident geochemical, geophysical and geological anomalies identified through previous exploration work at the EC Target. Drilling intersected variable widths of weak to moderate alteration along with narrow intervals of weak sulphide (pyrite, chalcopyrite) mineralization. While the sulphide occurrences were limited in width and intensity, the presence of alteration and sulphide mineralization provides valuable geological information that will help refine the Company’s exploration model and guide any possible future work programs. All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, PGeo, Advisor to the Company. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Announcement • Nov 18
Sherpa II Holdings Corp., Annual General Meeting, Jan 20, 2026 Sherpa II Holdings Corp., Annual General Meeting, Jan 20, 2026. Location: british columbia, vancouver Canada New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.34m market cap, or US$3.10m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Oct 23
Sherpa II Holdings Corp. announced that it has received CAD 0.623737 million in funding On October 22, 2025, the company amended the deal terms and upsized the transaction. The company will now issue 1,568,386 units at a price of $0.135 per Unit for gross proceeds of CAD 211,732.11 and 2,746,699 flow-through units at a price of CAD 0.15 per FT Unit for gross proceeds of CAD 41,504.85 due to additional investor demand for total gross proceeds of CAD 623,737.
On the same day, Sherpa II Holdings Corp. announced that it has raised CAD 623,737 and closed the transaction. Announcement • Sep 16
Sherpa II Holdings Corp. announced that it expects to receive CAD 0.5 million in funding Sherpa II Holdings Corp. announced a non brokered private placement to issue 740,741 units at a price of CAD 0.135 per unit for gross proceeds of CAD 100,000.035 and 2,666,667 flow-through units at a price of CAD 0.15 per unit for gross proceeds of CAD 400,000.05; aggregate gross proceeds of CAD 500,000.085 on September 15, 2025. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each flow-through unit will consist of one flow-through common share in the capital of the company and one-half of one warrant. Each warrant will entitle the holder thereof to purchase one additional common share at an exercise price of CAD 0.25 for a period of 24 months from the closing of the offering. The offering is expected to close on or about October 10, 2025. The securities issued under the offering will be subject to a four-month-and-one-day hold period from the closing date in accordance with applicable securities laws. Closing of the offering is subject to the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. Announcement • Jun 04
Sherpa II Holdings Corp. (TSXV:SHRP) entered into definitive purchase agreement to acquire the remaining 20% stake in Bakar Property from District Metals Corp. (TSXV:DMX). Sherpa II Holdings Corp. (TSXV:SHRP) entered into definitive purchase agreement to acquire the remaining 20% stake in Bakar Property from District Metals Corp. (TSXV:DMX) on June 3, 2025. The consideration consists of 1.5 million common equity of Sherpa II Holdings Corp. to be issued for assets of Bakar Property. As part of consideration, an undisclosed value is paid towards assets of Bakar Property. Upon completion, Sherpa II Holdings Corp. will own 100% stake in Bakar Property.
Closing of the transaction remains subject to customary closing conditions including approval by the TSX Venture Exchange. Board Change • Jan 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. 3 experienced directors. No highly experienced directors. Independent Director Galen McNamara was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 18
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. No highly experienced directors. Independent Director Galen McNamara was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 19
Sherpa II Holdings Corp., Annual General Meeting, Jan 14, 2025 Sherpa II Holdings Corp., Annual General Meeting, Jan 14, 2025. Location: british columbia, vancouver Canada Board Change • Jun 14
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. No highly experienced directors. Independent Director Galen McNamara was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 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. No highly experienced directors. Independent Director Galen McNamara was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 23
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. No highly experienced directors. Independent Director Galen McNamara was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 02
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$486k 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$486k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$750.2k market cap, or US$555.9k). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Sep 30
Sherpa II Holdings Corp., Annual General Meeting, Nov 30, 2023 Sherpa II Holdings Corp., Annual General Meeting, Nov 30, 2023. Location: Vancouver BC Vancouver British Columbia Canada Announcement • Jun 30
Sherpa II Holdings Corp. announced that it expects to receive CAD 0.125 million in funding Sherpa II Holdings Corp. announced a non-brokered private placement of 3,125,000 units at a price of CAD 0.04 for the gross proceeds of up to CAD 1,25,000 on June 29, 2023. Each Unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common Share at an exercise price of CAD 0.05 for a period of 36 months from the closing of the transaction. The securities issued will be subject to a four month and one day hold period from the closing date in accordance with applicable securities laws. The transaction is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. New Risk • Jun 10
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$523k 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$523k free cash flow). Shares are highly illiquid. Earnings have declined by 7.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$625.2k market cap, or US$468.5k). Announcement • Oct 01
Sherpa II Holdings Corp., Annual General Meeting, Nov 29, 2022 Sherpa II Holdings Corp., Annual General Meeting, Nov 29, 2022. Announcement • Nov 27
Sherpa II Holdings Corp. announced that it has received CAD 0.47 million in funding On November 26, 2021, Sherpa II Holdings Corp. closed the transaction. Each warrant issued under the units entitles the holder thereof to purchase one additional common share at an exercise price of CAD 0.12 until November 26, 2023 and each warrant issued under the flow-through units entitles the holder thereof to purchase one additional non-flow through common share at an exercise price of CAD 0.15 until November 26, 2023. The securities issued under the Offering are subject to a four-month hold period expiring March 27, 2022. The transaction included participation from Thomas O'Neill, the Chief Executive Officer of the Company, for 120,000 units and 750,000 flow-through units, Carson Halliday, the Chief Financial Officer of the company, acquired 12,500 units, Galen McNamara, a director of the company, acquired 200,000 units and 500,000 flow-through units and Robert Scott, a director of the Company, acquired 200,000 units and 100,000 flow-through units, pursuant to the transaction. There are 16 placees in the transaction. Announcement • Feb 26
Sherpa II Holdings Corp. Announces Resignation of Ms. Emily Davis as Non-Executive Director Sherpa II Holdings Corp. announced that Ms. Emily Davis has resigned from her position as a non-executive director of the Company. Sherpa’s management and its board of directors would like to sincerely thank Ms. Davis for her contribution and commitment during her time with the Company. The Company’s board of directors now consists of Thomas O’Neill, Robert Scott and Galen McNamara.