Announcement • May 06
Domestic Metals Corp. announced that it has received CAD 3.072636 million in funding On May 4, 2026, the Domestic Metals Corp. closed the transaction. The company issued 10,973,700 units at a price of CAD 0.28 for gross proceeds of CAD 3,072,636. Finders’ fees were paid to Beacon Securities Limited (CAD 71,932 cash and 256,900 warrants), Canaccord Genuity Corp. (CAD 63,602 cash and 227,150 warrants), Leede Financial Inc. (CAD 10,950.52 cash and 39,109 warrants) and Ventum Financial Corp. (CAD 3,920 cash and 14,00 warrants). The Offering is subject to the final acceptance of the TSXV. Announcement • Apr 15
Domestic Metals Corp. announced that it has received CAD 3.382341 million in funding On April 14, 2026, Domestic Metals Corp. closed the transaction. The company issued 874,286 units at a price of CAD 0.28 per unit for gross proceeds of CAD 244,800.08 in its final tranche. There were no finder’s fees paid in the final tranche closing. The company issued a total of 12,079,791 units for total aggregate gross proceeds of CAD 3,382,341.48 under the offering and two tranches. The offering is subject to the final acceptance of the TSX Venture Exchange. Announcement • Apr 14
Domestic Metals Corp. announced that it expects to receive CAD 7 million in funding Domestic Metals Corp. announced a non-brokered private placement of up to 25,000,000 units at a price of CAD 0.28 per unit for gross proceeds of up to CAD 7,000,000 on April 14, 2026. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share for a period of three years from the date of issuance at a price of CAD 0.40 per share. Insiders may participate and finders’ fees may be payable to qualified arm’s length parties that have introduced the company to certain subscribers participating in the new offering. All securities issued in the new offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the new offering is subject to the approval of the TSXV. Announcement • Apr 02
Domestic Metals Corp Reports Multiple Large Chargeability Features Supporting Porphyry and CRD Targets At Smart Creek Project Domestic Metals Corp. reported that a recently completed induced polarization (IP) geophysical survey at its Smart Creek copper-gold-silver Project in Montana identified chargeability features that support the project’s target potential. The newly enhanced targets include extensive porphyry copper style zones in addition to carbonate replacement (CRD)/skarn copper-gold silver mineralization. The IP chargeability features of interest are widespread, coincident with previously established alteration footprints and high-grade sampling carried out by the Company. The IP targets are interpreted to represent previously untested magmatic-hydrothermal sulphides related to copper porphyry, CRD and/or skarn related sulphides. These results support Domestic Metals’ geologically and geochemically based target initiatives and represent Priority 1 drill targets at the Smart Creek Project. Domestic Metals commissioned TMC Geophysics to carry out an induced polarization (IP) survey on their Smart Creek Project situated 70 km southeast of Missoula, Montana, USA. The fieldwork took place between February 6th and March 2nd, 2026, and consisted of 26 line-km of IP data acquired using a pole-dipole electrode array. The 2026 IP Geophysical survey at Smart Creek delineated chargeability features that are interpreted to represent sulphide mineralization in the subsurface potentially related to porphyry copper, and CRD and/or skarn mineralization that has never previously been drill tested on the property. Chargeability features were delineated at Smart Creek, Smart Creek Exotic, Sunrise and Radio Tower Targets, substantially increasing Domestic’s confidence in previously identified drill targets in these areas. Main IP chargeability target summaries for the Smart Creek Project (minimum 20 mV/V) are: Smart Creek: Length 1300 m, Depth 300 m, CHG intensity high 33 mV/V; Smart Creek Exotic: Length 2500 m, Depth 300 m, CHG intensity high 34 mV/V; Sunrise: Length 1400 m, Depth 200 m, CHG intensity high 24 mV/V; Radio Tower: Length 1350 m, Depth 350 m, CHG intensity high 43 mV/V. The 2026 IP Geophysical survey includes a single line (Line 6) approximately 350 meters west of historical data collected by Rio Tinto in 2021. This line demonstrates that the chargeability feature extends further west than previously known and represents a high priority drill target with potential for porphyry copper style mineralization. A single line (Line 5) collected to infill the 2021 Rio Tinto IP geophysical survey was collected at the Smart Creek Exotic Target. This line enhanced the resolution of the previous survey and demonstrates a 2.5 kilometer-long IP chargeability feature running northwest to southeast from Smart Creek to southern Smart Creek Exotic Targets. The anomaly extends west of previous historic drilling on the property. This feature represents a second high-priority porphyry copper drill target for Domestic Copper. The 2026 IP Geophysical Survey included 4 north-northeast oriented lines in and around the Sunrise Target which reveal a chargeability feature of interest to the north of Sunrise and also delineates a chargeability feature south of the Sunrise Mine. The southern anomaly continues southward toward the Radio Tower target area. This feature immediately south of the Sunrise Mine represents a high-priority drill target for Domestic Metals with the potential for copper porphyry and skarn mineralization. The 2026 IP Geophysical survey included 4 lines that transect the Radio Tower Target area. The southern portions of these lines identified a large, 1.5 kilometer-long by 1.4 kilometer-wide chargeability feature that is coincident with high-grade surface copper-gold-sliver CRD style mineralization identified in the 2026 surface geochemical sampling program. This feature has potential to host CRD and porphyry style copper-gold-silver mineralization and represents a high-priority drill target. The 26 line-km IP survey grid consisted of six 6 irregularly spaced profiles of 2.8 km to 5.8 km in length with survey station markers/reference points every 25 m along these profiles. Locations were captured using a Garmin GPS non-differential receiver in the UTM12N_WGS84 coordinate system. The pole-dipole (dipole-pole) array was chosen for the IP survey on the Smart Creek Project. The nominal A-spacing between the electrodes was set to 100 meters and a maximum of fifteen (15) dipoles were read. IP geophysics is used to obtain chargeability and resistivity values (rock properties) which can provide insights into the distribution of sulphides and hydrothermal alteration in the subsurface at Smart Creek. Resistivity and chargeability features identified in the subsurface can provide a means of independently verifying targets constrained from surface geology and geochemistry. Domestic Metals will combine these new IP geophysical data with previously collected data to investigate the potential for new porphyry and carbonate replacement mineralization in the subsurface at Smart Creek Project. All scientific and technical information in this news release has been reviewed and approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Announcement • Mar 14
Domestic Metals Corp. Completes Surface IP Geophysical Survey at Smart Creek Domestic Metals Corp. announced that an induced polarization (“IP”) geophysical survey at its Smart Creek copper-gold-silver project in Montana, has been completed by TMC Geophysics, who were engaged as part of ongoing mineral exploration by Domestic Metals. Fieldwork took place between February 6th and March 2nd, 2026 and consisted of 26 line-km of IP data acquired using the pole-dipole electrode array. The objective of the exploration program was to expand the footprint of previous IP geophysics collected by Rio Tinto to further delineate drill targets ahead of diamond drilling planned for Second Quarter, 2026. Domestic Metals is currently modeling the new data and the results of this survey will be discussed in an upcoming news release. IP geophysics is used to obtain chargeability and resistivity values (rock properties) which can provide insights into the distribution of sulphides and hydrothermal alteration in the subsurface at Smart Creek. Resistivity and chargeability features identified in the subsurface can provide a means of independently verifying targets constrained from surface geology and geochemistry. Domestic Metals will combine these new IP geophysical data with previously collected data to investigate the potential for new porphyry and Carbonate Replacement mineralization in the subsurface at Smart Creek. Announcement • Mar 06
Domestic Metals Corp Expands Exploration Targeting At Smart Creek Copper Project Domestic Metals Corp. has expanded its exploration targeting budget based on high-grade copper, gold and silver results from the Company’s recently completed surface exploration program at the Smart Creek Copper Project. Surface rock sampling and surface geological mapping has increased the size of each of these target areas and confirms the potential for high-grade copper, gold and silver mineralization in the porphyry and epithermal environments as well as confirms the presence of related Carbonate Replacement Deposit style mineralization. The Company has now confirmed the presence of each of these styles of mineralization exposed at surface at Smart Creek and is now planning follow up diamond drilling scheduled for April 2026. 102 g/t Au (Sample G019007). 74.7 g/t Au, 13.8% Cu, 3810 g/t Ag (Sample G019235). 30.4 g/t Au (Sample G019001). 26.6 g/t Au (Sample G019353). 23.1% Cu, 424 g/t Ag (Sample G019225). 19.65% Cu, 458 g/t Ag (Sample G019031). 19.05% Cu, 582 g/t Ag (Sample G019038). Previous exploration drilling is concentrated at the Smart Creek target where surface alteration and mineralization is consistent with the distal porphyry environment. Domestic Metals has leveraged historical drilling data and newly collected surface geological and geochemical data to establish a robust exploration drilling target west of the historical drilling footprint. In addition, exotic copper mineralization south of the Smart Creek target (Smart Creek Exotic Copper) appears to be superimposed on distal copper porphyry related mineralization suggesting there is the potential for a second porphyry center westward of the historical drilling footprint. Domestic Metals has identified mineralized porphyry dykes approximately 1 kilometer east of the past producing Sunrise Mine. These mineralized porphyry intrusions are exposed at surface and are interpreted to represent the top of a new porphyry system at Smart Creek. The depth extent of this surface mineralization will be tested as part of the upcoming diamond drill program at Smart Creek. The 2025 Surface exploration program has identified several previously unrecognized semi massive and massive sulphide CRD lenses exposed at surface internal to the Radio Tower alteration footprint. These high-grade copper-gold-silver lenses have been prioritize for drill delineation and will be tested after a second round of permitting is complete for the project. Additional mapping and sampling will be conducted in the Spring to further derisk these targets. Announcement • Feb 05
Domestic Metals Corp. announced that it expects to receive CAD 3.5 million in funding Domestic Metals Corp announced a non brokered private placement to issue up to 12,500,000 units at a price of CAD 0.28 per unit for aggregate gross proceeds of CAD 3,500,000 on February 4, 2026. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each whole Warrant entitles the holder to acquire one additional Share of the Company for a period of two years from the date of issuance at a price of CAD 0.40 per Share. Insiders may participate and finders’ fees may be payable to qualified arm’s length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSXV. Announcement • Feb 04
Domestic Metals Corp. Initiates Geophysical Program At the Smart Creek Project Domestic Metals Corp. engages TMC Geophysics to conduct 27 line-kilometers of electrical geophysics (Induced Polarization; "IP") at the Smart Creek Project, Montana. The geophysical program is designed to expand historical IP coverage on the property and will be used to refine the location of diamond drilling scheduled for first quarter/Q2, 2026. IP geophysics is used to obtain chargeability and resistivity values (rock properties) which can provide insights into the distribution of sulphides and hydrothermal alteration related to potential porphyry and Carbonate Replacement deposits in the subsurface at Smart Creek and will be used by Domestic to derisk drill targets in advance of drilling. Domestic Metals has expanded its exploration budget significantly to accommodate additional geophysics and diamond drilling at Smart Creek based on results of the 2025 surface sampling program that substantially increased the mineralized footprint of existing targets at Smart Creek and identified several new targets for follow up exploration. The 2025 sampling program returned the following high-grade results: 102 g/t Au (Sample G019007); 74.7 g/t Au, 13.8% Cu, 3810 g/t Ag (Sample G019235); 30.4 g/t Au (Sample G019001); 26.6 g/t Au (SampleG019353); 23.1% Cu, 424 g/t Ag (Sample G019225); 19.65% Cu, 458 g/t Ag (SampleG019031); 19.05% Cu, 582 g/t Ag (SampleG019038). Announcement • Jan 08
Domestic Metals Corp. Provides an Exploration Update At Smart Creek Project Domestic Metals Corp. provided an exploration update. High grade mineralization has been identified in several locations, including new discovery areas. The company look forward to firming up drill targets, deploying a targeted geophysics program followed by a diamond drill program in first quarter, 2026. Highlight High-Grade Assay Results: 102 g/t Au (Sample G019007); 74.7 g/t Au, 13.8% Cu, 3810 g/t Ag (Sample G019235); 30.4 g/t Au (Sample G019001); 26.6 g/t Au (SampleG019353); 23.1% Cu, 424 g/t Ag (Sample G019225); 19.65% Cu, 458 g/t Ag (SampleG019031); 19.05% Cu, 582 g/t Ag (SampleG019038); Highlight, high-grade surface samples are provided in the table below: Sample Easting Northing Sample Sample Copper Gold Silver ID (m) (m) (m). Highlight rock sample assay results for the 2025 exploration program Summary: Domestic completed successful mapping, sampling and prospecting at the Smart Creek Project. The new data will be coupled with a geophysical (MT/IP) program in advance of drilling scheduled for first quarter/2026; Rock sample assays from outcrops, historic trenching, mines and workings demonstrate high-grade gold, copper, silver and zinc and confirms the project is prospective for porphyry copper deposits, carbonate replacement deposits ("CRD"), skarn and exotic copper deposits. All targets (Sunrise Mine, Smart Creek, Radio Tower, Exotic Cu) are significantly expanded based on the results of the 2025 exploration program at the Project. Project location, key targets, favourable geology, airborne magnetics, IP targets and highlight, selected high-grade rock samples from the 2025 surface sampling program at the Smart Creek Project. Project location, key target, favourable geology, airborne magneticics, IP targets and highlight. The company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling. Announcement • Dec 11
Domestic Metals Corp. Announces CEO Changes Domestic Metals Corp. announced the appointment of Gordon Neal as Chief Executive Officer of the Company. Mr. Neal has had a notable and successful career in the mining and resource sectors. He started as one of the founding members of MAG Silver Corp. before moving on to serve as the VP Corporate Development for Silvercorp Metals. Mr. Neal subsequently took the role of President of New Pacific Metals and is the former CEO of World Copper Ltd. Mr. Neal has raised more than $750M in the resource sector and serves on multiple metals and mining company boards. He also served as a Senior Advisor in the Office of the Prime Minister of Canada and is a past member of the Board of Directors and the Senate of Dalhousie University. Mr. Neal’s appointment follows the resignation of Patricio Varas as CEO. Mr. Varas has been integral in rebuilding the Company, growing its management expertise, and bringing Domestic’s Smart Creek Project to its current stage of exploration. Mr. Varas has stepped down as CEO but will remain with the Company as Chairman and Director, and will continue to support Domestic and its new CEO with bringing the Company and the Smart Creek Project forward to its next stage of advancement. Announcement • Nov 13
Domestic Metals Corp. announced that it has received CAD 3.962198 million in funding On November 12, 2025, Domestic Metals Corp. closed its third and final tranche. The company issued 2,372,137 units at a price of CAD 0.28 per Unit for gross proceeds of CAD 664,198.36 in its third and final tranche. The total aggregate issuance under the LIFE Offering is 14,150,708 units for aggregate gross proceeds of CAD 3,962,198. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to acquire one additional share of the Company for a period of three years from the date of issuance at
a price of CAD 0.40 per share. The expiry of the Warrants may be accelerated if the closing price of the Company’s common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than CAD 0.65 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants. Finder’s fees in the final tranche were paid to Leede Financial Inc. as to CAD 3,335.14 cash and 13,896 non-transferable broker warrants. As part of the Offering, 1,912,747 Units were issued to a director of the Company. Announcement • Oct 10
Domestic Metals Corp. Appoints Gordon K. Neal to the Board of Directors, Effective October 3, 2025 Domestic Metals Corp. reported that Mr. Gordon K. Neal has been appointed to the board of directors, effective October 3, 2025. Mr. Neal is a distinguished professional in the metals and mining industry, with a comprehensive background in capital markets, corporate governance, finance, and investor relations. In his most recent executive tenure as the CEO & Director of Tincorp Metals Inc., Mr. Neal demonstrated strategic leadership and industry acumen. His career is marked by a series of prestigious roles, including President of New Pacific Metals Corp, and Vice President of Corporate Development at both Mag Silver Corp. and Silvercorp Metals Inc. His governance and strategic insights have also been instrumental on the boards of companies such as Falco Resources Ltd., Balmoral Resources Ltd., Americas Petrogas Inc., Rock Gate Capital, LLC, Wealth Minerals Ltd. and World Copper Ltd. Mr. Neal's career is a testament to his relentless drive, versatile skills, and unwavering commitment to excellence in every endeavor he undertakes. His contributions have not only shaped his companies but have also had a lasting impact on the industries he has been a part of. Previous to his work in the metals industry, Mr. Neal founded Neal McInerney Investor Relations in 1991, demonstrating his entrepreneurial acumen. Under his leadership, the firm achieved remarkable growth by successfully marketing over $4 billion in debt and equity financings, ascending to become Canada's second-largest full-service investor relations firm with a presence in Vancouver, Toronto, and Los Angeles. Beyond his corporate achievements, Mr. Neal has made significant contributions to public service, notably as a senior communications adviser in the office of the Prime Minister of Canada, highlighting his adeptness in high-level communication strategies and policy advising. Announcement • Sep 15
Domestic Metals Corp. announced that it expects to receive CAD 3 million in funding Domestic Metals Corp announced a non-brokered private placement under the listed issuer financing exemption (LIFE Offering) to issue 10,714,285 units of the Company at a price of CAD 0.28 per unit for aggregate gross proceeds of CAD 2,999,999.8 on September 15, 2025. Each Unit to be issued will consist of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.4 or a period of 3 years from the date of issuance. The transaction is expected to close on or about October 7, 2025. and is subject to all necessary regulatory approvals, including the approval of the TSXV. Announcement • Sep 12
Domestic Metals Corp. Provides Project Update for Ongoing Field Level Exploration At the Smart Creek Project Domestic Metals Corp. provided an exploration update for field level activities at the Smart Creek Project located in western Montana. Fieldwork, including mapping, sampling and prospecting is underway at Smart Creek, with the objective to identify lithological, structural, alteration and geochemical vectors toward porphyry copper-gold and related carbonate replacement style ("CRD") copper-gold-silver-zinc mineralization. High priority target areas crop out at the Smart Creek, Sunrise and Radio Tower zones which are being advanced to the exploration drilling stage, planned for fourth quarter, 2025. 18.74 g/t Ag intercept. Sunrise Mine Target: The Sunrise Mine has documented past production between 1800-1900 of epithermal related replacement style mineralization (mantos) including 12,500 Oz of gold and associated high grade material from stopes ranging between 7.22-18.07 g/t gold, 2-4% copper and 0.105% tungsten on the main adit level. While this mineralization is considered significant, Domestic Metals has identified a gold mineralized, altered (quartz-sericite-pyrite) leached porphyry intrusion that returned 4.22 g/t gold, and 72.1 g/t silver approximately 1 kilometer east of the Sunrise Mine which suggests a drill accessible porphyry copper linkage to this mineralization. The Sunrise Mine represents a high-priority drill target for Domestic Metals. Radio Tower Target: Domestic Metals has recognized a large, 1,000m x 1,300m marbleized, calcsilicate (garnet, diopside, tremolite-actinolite) alteration expression in the Helena Formation that is coincident with a copper-in-soil response and an IP (induced polarization) chargeability feature at Radio Tower, approximately 2 kilometers south of the Sunrise Mine. Radio Tower may be part of the same magmatic-hydrothermal center as Sunrise, however, given the size of the alteration footprint and the copper endowment (soil anomalism - see NR Dated December 10, 2024), the Radio Tower is considered a stand-alone target prospective for copper-gold-silver enriched CRD mineralization and porphyry copper-gold-molybdenum mineralization. Announcement • Aug 23
Domestic Metals Corp. announced that it has received CAD 1.218562 million in funding On August 22, 2025, Domestic Metals Corp. closed the transaction. The company issued 3,746,974 units at an issue price of CAD 0.23 for gross proceeds of CAD 861,804.02 in its final tranche. The total number of units issued in both tranches is 5,298,094 for aggregate proceeds of CAD 1,218,561.62. Ventum Financial Corp. received additional finders' fees under this final tranche of CAD 1,610 cash and 7,000 non-transferable broker warrants, exercisable for common shares of the company at CAD 0.33 per share for three years from the date of issuance, subject to acceleration provisions. All securities issued in the offering have a four-month-plus-one-day hold period, during which time the securities may not be traded. The offering is subject to customary final filings with the TSX Venture Exchange. Announcement • Jul 14
Domestic Metals Corp., Annual General Meeting, Sep 19, 2025 Domestic Metals Corp., Annual General Meeting, Sep 19, 2025. Location: suite 1570, 200 burrard street, british columbia, v6c 3l6, vancouver Canada Announcement • May 28
Domestic Metals Corp. announced that it expects to receive CAD 3 million in funding Domestic Metals Corp. announced a non-brokered private placement of up to 13,043,478 units at a price of CAD 0.23 per Unit for gross proceeds of up to CAD 2,999,999.94 on May 27, 2025. Each Unit will consist of one common share and one-half of one common Share purchase warrant. Each whole Warrant entitles the holder to acquire one additional Share of the Company for a period of three years from the date of issuance at a price of CAD 0.33 per Share. Insiders may participate and finders’ fees may be payable to qualified arm's length parties that have introduced the Company to certain subscribers participating in the Offering. All securities issued in the Offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the Offering is subject to the approval of the TSXV. Announcement • Mar 03
Norden Crown Metals Corp. Provides New Assay Results from Reconnaissance Mapping and Sampling at the High- Priority Sunrise Target at the Smart Creek Project Located in Western Montana, USA Norden Crown Metals Corp. provided new assay results from reconnaissance mapping and sampling at the high-priority Sunrise Target at the Smart Creek Project located in western Montana, USA. The discovery of Gold mineralization sampled at surface 850 meters from the Sunrise Mine substantially increases the discovery potential of this target. Summary of Results: New discovery of gold-rich porphyry intrusions (4.26 g/t gold) 850m east of the historic Sunrise Mine. New porphyry target at Sunrise where historical mining reported grades of 6.22 g/t Au, 31.1 g/t Ag and 1.5% Cu. High gold tenor in samples (3.2 g/t and 4.2 g/t gold) from the historic Sunrise Mine area. Confirmed epithermal gold-silver target. Sunrise Target Area Update: A total of 4 samples were collected on the Sunrise Target to geochemically characterize the mineralization, and to confirm historical grades at the Sunrise Mine. A sample consisting of an intensely altered (silica-clay-sericite) porphyritic intrusion located 850 meters from the Sunrise Mine adit that returned 4.26 g/t Gold. This sample is significant because it demonstrates that gold mineralization extends well beyond the carbonate replacement style gold-copper-silver mineralization that was mined historically at Sunrise. The gold-bearing porphyry intrusions suggest that there is a large epithermal to porphyry target footprint to be tested with drilling. Two other samples collected from the Sunrise mine waste dumps confirm very significant precious metal tenor in vuggy silica (3.2 g/t Au; 72.1 g/t Ag) and hydrothermal breccia samples (4.2 g/t Au; 9.2 g/t Ag). These samples validate the exploration concepts for epithermal style gold-silver deposits at Sunrise Mountain. Smart Creek Exploration TargetingThe Smart Creek Project is underlain by Belt Supergroup metasedimentary rocks including the highly prospective Helena Formation containing carbonate layers which are cut by porphyry intrusions and diabase dykes which together constitute an attractive geological environment with the potential for large porphyry copper-gold-molybdenum, carbonate replacement copper-gold-silver and exotic copper deposits. Exploration targeting done by previous exploration companies has identified three key target areas including Smart Creek (copper-gold-molybdenum porphyry mineralization), Smart Creek South (exotic copper mineralization), Sunrise (copper-gold- silver carbonate replacement mineralization) and Radio Tower (copper-gold-molybdenum porphyry and carbonate replacement and skarn mineralization). Historic work includes:Recent drilling in 2022 resulted in excellent copper assay results including a 109.73 metre @ 0.75% Cu; 18.74 g/t Ag intercept (SMCR0022). Structurally controlled/replacement style gold targets at the Sunrise mine area with historic grades of 6.22 g/t Au, 31.1 g/t Ag and 1.5% Cu. Announcement • Dec 12
Norden Crown Metals Corp. Identifies New Copper Porphyry, Epithermal Gold, Copper, Silver, Gold CRD Targets at Smart Creek Norden Crown Metals Corp. has completed a field evaluation campaign at the Smart Creek Gold-Copper Project, including targeted geological mapping as well as opportunity recognition work at both the Smart Creek and Sunrise Mountain Claims, located in the Eocene Porphyry Belt of western Montana. Smart Creek is accessible year-round via highway and gravel roads, and is located 100 km southeast of Missoula, Montana. Gold-Copper exploration potential is considered excellent at Smart Creek: A total of 52 previous drill holes (7 at Sunrise, 45 at Smart Creek). Recent drilling in 2022 by Rio Tinto resulted in - copper assay results including a 109.73m @ 0.75% Cu and 18.74 g/t Ag intercept (drill hole SMCR0022; see NR dated August 20, 2024) 1,2. Extensive high-grade oxide and sulfide copper mineralization throughout the property. Intense clay, limonite are the products of weathering of the widespread sulfides. Sunrise Mine area is an opportunity to develop targets with gold potential in the shallow porphyry environment, distal to the porphyry centers identified at Smart Creek and Sunrise South. Gold deposits commonly occur in structures and stratigraphic traps within the distal and/or shallow extensions of the porphyry environment. Portable XRF sampling will be used in exotic copper environments to vector toward the source of the fluids and sulfide bodies. The exploration work programs are planned to begin in first quarter 2025 with results expected prior to the third quarter/Q4 drill campaign. Announcement • Nov 13
Norden Crown Metals Corporation Announces Board Changes Norden Crown Metals Corporation announced that Mr. Hendrik (Henk) van Alphen has been appointed to the Board of Directors. Mr. van Alphen will replace Thomas Soderqvist, who did not stand for re-election at the Company’s Annual General and Special Meeting. Early in his career, Mr. van Alphen started and operated a number of service-related companies, beginning with a line cutting operation in northern BC, and in 1985, launching Hy-Tech Drilling, which is still in operation today. In 1991, he founded Pacific Rim Mining Corp., which acquired the Taca Taca, Diablillos, and Aqua Rica projects, that developed into significant deposits and/or high value M&A transactions. From 1994 to 1999, he served as Vice-President of Corriente Resources Inc., after which he launched the very successful Cardero Resource Corp. He then co-founded International Tower Hill (ITH) Mines in 2006, where he served as Chairman for 5 years. In 2021 he founded World Copper Ltd. which now owns the Zonia Copper Project in Arizona and Escalones project in Chile. Mr. van Alphen is a director and Chairman of World Copper Ltd. In 2005, Mr. van Alphen founded Wealth Minerals, where he continues to serve as CEO and director. Wealth Minerals is a major exploration and development company in the Atacama Salar in Chile. Announcement • Aug 22
Norden Crown Metals Corporation announced that it expects to receive CAD 0.75 million in funding Norden Crown Metals Corporation will conduct a non-broker private placement to issue 15,000,000 shares at a issue price of CAD 0.05 per share for gross proceeds of CAD 750,000 on August 20, 2024. Completion of the concurrent financing is expected to occur in Q3 2024, The company may pay finder's fees of cash and/or securities in connection with the concurrent financing. All securities issued under the concurrent financing will be subject to a hold period of four months and a day from he date of issuance under applicable securities law. Announcement • Aug 21
Norden Crown Metals Corporation (TSXV:NOCR) signed a letter of intent to acquire Domestic Copper Corporation for CAD 0.4 million Norden Crown Metals Corporation (TSXV:NOCR) signed a letter of intent to acquire Domestic Copper Corporation for CAD 0.4 million on August 19, 2024. Norden Crown Metals Corporation will issue 8 million share for all 3 million shares of domestic copper at an exchange ratio of 2.67.
The expected completion of the transaction is in third quarter of 2024. New Risk • Jun 26
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$533k 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$533k free cash flow). Share price has been highly volatile over the past 3 months (109% average daily change). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€397.9k market cap, or US$425.2k). New Risk • Jun 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 (128% average daily change). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€534.3k market cap, or US$579.6k). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • May 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Share price has been highly volatile over the past 3 months (146% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (€179.0k market cap, or US$194.5k). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • Feb 08
Norden Crown Metals Corp. announced that it expects to receive CAD 1.35 million in funding Norden Crown Metals Corp. announced a non-brokered private placement of up to 45,000,000 units at a price of CAD 0.03 per unit for the gross proceeds of CAD 1,350,000 on February 7, 2024. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share of the company at a price of CAD 0.06 on a pre-consolidation basis for a period of 3 years from the date of closing of the Offering. The Offering is expected to close on or about February 22, 2024 and is subject to receipt of applicable regulatory approvals including acceptance by the TSX Venture Exchange. The securities issued will be subject to a standard four month hold period. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Thomas Soderqvist was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Thomas Soderqvist was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.