Board Change • Apr 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director David Burga is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$11m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$17.8m market cap, or US$13.0m). New Risk • Apr 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$11m 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$11m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (CA$20.3m market cap, or US$14.5m). Announcement • Dec 19
Total Metals Corp. announced that it has received CAD 5.509904 million in funding On December 18, 2025. Total Metals Corp. announces that it has closed the transaction. It has issued 40,000 CMFT Units at a price of CAD 1.15 per unit for gross proceeds of CAD 46,000. and 235,667 Flow-Through Units at a price of CAD 1.05 per FT Unit for gross proceeds of CAD 247,450.35 and aggregate proceeds are CAD 293,450.35. In connection with second tranche of the FT Offering, the Company paid a cash finder’s fees totaling CAD 13,587.02 and issued 12,940 non-transferable finder warrants and the Company paid a cash finder’s fees totaling CAD 5,240 and issued 5,822 non-transferable finder warrants. Announcement • Nov 26
Total Metals Corp. announced that it expects to receive CAD 5.999998 million in funding Total Metals Corp. announce a non-brokered private placement of 3,043,478 Critical Minerals Flow-Through Units at a price of CAD 1.15 per unit for gross proceeds of CAD 3,499,999.70; 1,904,761 Flow-Through Units at a price of CAD 1.05 per unit for gross proceeds of CAD 1,999,999.05; and 434,782 Manitoba Flow-Through Units at a price of CAD 1.15 per unit for gross proceeds of CAD 499,999.30 on November 25, 2025. Each critical mineral flow-through unit will comprise one critical mineral flow-through common share and one-half of one common share purchase warrant. Each flow-through unit will comprise one flow-through common share and one-half of one common share purchase warrant. Each Manitoba flow-through unit will comprise one Manitoba flow-through common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at a price of CAD 1.15 for a period of 36 months from the date of issuance. Offering is scheduled to close on or before December 5, 2025 and are subject to certain conditions including, but not limited to the approval of the TSX Venture Exchange (the “TSX-V”), and the receipt of all necessary approvals including the approval of the TSX-V and the applicable securities regulatory authorities. The Company will (i) pay a cash finder's fee to certain finders (each a "Finder") of up to 6% of the aggregate gross proceeds of subscriptions facilitated by such Finders; and (ii) issue such number of finder's warrants (a "Finder's Warrant") that is equal to up to 6% of the number of FT Units sourced by the Finder, with each Finder's Warrant entitling the holder thereof to purchase one Share (a "Finder's Warrant Share") at an exercise price of CAD 1.10 per Finder's Warrant Share for a period of 36 months following the closing date of the Offering, as applicable. Announcement • Nov 19
Total Metals Corp. Appoints Rita Theil to Board of Directors, Effective November 18, 2025 Total Metals Corp. announce the appointment of Rita Theil as an Independent Board of Director effective November 18, 2025. Rita has over 35 years of advisory and board experience across a range of industries, most notably in power, energy, infrastructure and clean tech. Rita has been a Board Director for companies listed on the TSX, NASDAQ, TSX Venture Exchange, the Cboe and the CSE. Rita began her career as a lawyer at Davies Ward Phillips &Vineberg LLP before moving to the United Kingdom and into investment banking where she worked at both Dresdner Kleinwort Benson and Citibank in London and New York. At Citibank, Rita was responsible for the UK Power and Water Sectors and European Renewable Energy Sector and focused on advisory work with board positions across a range of industries and businesses in both North America and Europe from early stage to mature businesses. Rita is currently an Independent Board Member for the Ontario Financing Authority, Maritime launch Services and Allstate Insurance Company of Canada. In addition, Ms. Theil is an Independent Review Committee Director for Franklin Templeton and NewGen Asset Management. Over 20 years ago, Ritas firm, JacKryn Holdings, launched the Womens Mentor Initiative (WMI). This successful initiative was created with a goal to attract, retain and motivate for success, highly qualified women in the financial services sector. The WMI is an innovative way of engaging women throughout client organizations that positively impacts the bottom line and supports women in achieving a C-Suite career. Rita has an LLB and an MBA from the University of Ottawa and is a Chartered Director. She is also a member of the Law Society of Ontario and he Law Society in the United Kingdom. Announcement • Nov 14
Total Metals Corp. announced that it expects to receive CAD 6 million in funding Total Metals Corp. announced that it has received non-brokered private placement of 6,666,666 Units at a price of CAD 0.90 per unit for gross proceeds of CAD 6 million on November 13, 2025. Each unit will be composed of one Compton share and one common share purchase warrant. Each warrant will be exercisable at a price of CAD 1.15 for a period of 36 months from the closing date of the financing. The transaction expected to be closed on November 28, 2025. Announcement • Oct 29
Total Metals Corp. (TSXV:TT) completed the acquisition of High Lake and West Hawk Lake Gold Properties from McFarlane Lake Mining Limited (CNSX:MLM) . Total Metals Corp. (TSXV:TT) signed a binding agreement to acquire High Lake and West Hawk Lake Gold Properties from McFarlane Lake Mining Limited (CNSX:MLM) for approximately CAD 9.2 million on September 22, 2025. Total Metals Corp. (TSXV:TT) signed a definitive agreement to acquire High Lake and West Hawk Lake Gold Properties from McFarlane Lake Mining Limited (CNSX:MLM) on October 30, 2025. Under the terms of the agreement, McFarlane Lake Mining will receive total consideration of approximately CAD 9.25 million, comprised of a cash consideration of CAD 7.25 million payable on closing and CAD 2 million in common shares issued to McFarlane Lake Mining at the same price as Total Metals’ equity financing used to fund the transaction.
Completion of the transaction is conditional on Total Metals raising the Cash Consideration from a concurrent financing and other customary closing conditions, including the negotiation and completion of a definitive acquisition agreement, the receipt of all required regulatory, stock exchange and third-party approvals and completion of due diligence satisfactory to Total Metals in its sole discretion. Assuming satisfaction of the conditions precedent, the transaction is currently expected to close on or before October 31, 2025.
Wildeboer Dellelce LLP acted as legal advisor for McFarlane Lake Mining Limited. Integrity Capital Group Inc acted as financial advisor and ECM Capital Advisors Ltd acted as financial advisor for McFarlane Lake Mining Limited.
Total Metals Corp. (TSXV:TT) completed the acquisition of High Lake and West Hawk Lake Gold Properties from McFarlane Lake Mining Limited (CNSX:MLM) on October 28, 2025. Announcement • Sep 25
Total Metals Corp. announced that it expects to receive CAD 10 million in funding Total Metals Corp. announces a equity non-brokered private placement to issue 15,833,333 listed issuer financing exemption units at a price of CAD 0.60 per unit for proceeds of CAD 9,499,999.8 and 833,333 non-LIFE units at a price of CAD 0.60 per non-LIFE unit for proceeds of 499,999.8 for aggregate proceeds of CAD 9,999,999.6 on September 24, 2025. Each LIFE unit will consist of one Total share and one common share purchase warrant. Each LIFE warrant shall be exercisable to acquire one common share at a price of CAD 1 for a period of 36 months from the applicable closing date. Each non-LIFE unit will consist of one Total share and one common share purchase warrant. Each non-LIFE warrant shall be exercisable to acquire one common share at a price of CAD 0.90 for a period of 36 months from the applicable closing date. Announcement • Sep 23
Total Metals Corp. (TSXV:TT) signed a binding agreement to acquire High Lake and West Hawk Lake Gold Properties from McFarlane Lake Mining Limited (CNSX:MLM) for approximately CAD 9.2 million. Total Metals Corp. (TSXV:TT) signed a binding agreement to acquire High Lake and West Hawk Lake Gold Properties from McFarlane Lake Mining Limited (CNSX:MLM) for approximately CAD 9.2 million on September 22, 2025. Under the terms of the agreement, McFarlane Lake Mining will receive total consideration of approximately CAD 9.25 million, comprised of a cash consideration of CAD 7.25 million payable on closing and CAD 2 million in common shares issued to McFarlane Lake Mining at the same price as Total Metals’ equity financing used to fund the transaction.
Completion of the transaction is conditional on Total Metals raising the Cash Consideration from a concurrent financing and other customary closing conditions, including the negotiation and completion of a definitive acquisition agreement, the receipt of all required regulatory, stock exchange and third-party approvals and completion of due diligence satisfactory to Total Metals in its sole discretion. Assuming satisfaction of the conditions precedent, the transaction is currently expected to close on or before October 31, 2025.
Wildeboer Dellelce LLP acted as legal advisor for McFarlane Lake Mining Limited. Integrity Capital Group Inc acted as financial advisor and ECM Capital Advisors Ltd acted as financial advisor for McFarlane Lake Mining Limited. Recent Insider Transactions • Aug 24
President recently bought CA$600k worth of stock On the 18th of August, Tyler Thorburn bought around 2m shares on-market at roughly CA$0.25 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Tyler's only on-market trade for the last 12 months.