Announcement • Jul 30
Gold Mountain Mining Corp., Annual General Meeting, Sep 15, 2025 Gold Mountain Mining Corp., Annual General Meeting, Sep 15, 2025. Announcement • Jun 20
Gold Mountain Mining Corp. Announces Temporary Cessation of Regular Works Gold Mountain Mining Corp. announced that it is temporarily ceasing all regular operations at the Elk Gold Mine. The Elk Gold Mine Project is temporarily ceasing all regular Operations to focus on resource development and to update existing resource models. The Company has provided the Ministry of Mines with notice of "Tem temporary Cessation of Regular Works" in accordance to Section 10.8.1 of the Mines Act (British Columbia). The planned period of temporary cessation is a minimum of 4 and a maximum of 12 months. The Company will submit a Care and Maintenance Manual to the Ministry of Mines within 90 days. Company Qualified Professionals, Supervisors and compliancy contractor AEW Limited Partnership shall remain in place and continue with normal compliancy, management and monitoring works during the cessation period. In connection with the Company's internal review announced on March 17, 2025, the Company also advises that preliminary QAQC efforts on Elk Gold Mine resource data does warrant an extensive and complete relogging and resampling of all available core materials. The Company estimates that 65% of all available core is available to be relogging. The Company plans to complete relogging and sampling by the end of October 2025 and will commence development of a new PEA and 43-101 Technical Report immediately thereafter. Announcement • Dec 20
Gold Mountain Mining Corp. announced that it has received CAD 1.21 million in funding On December 19, 2024. Gold Mountain Mining Corp. has closed the transaction. In connection with the FT Offering, the Company will pay finder’s fees of CAD 84,700 and issue 1,540,000 non-transferable share purchase warrants to eligible finders Announcement • Dec 11
Gold Mountain Mining Corp. announced that it expects to receive CAD 1.5 million in funding Gold Mountain Mining Corp. has arranged a non-brokered private placement of up to 27,272,727 flow-through common shares at an issue price of CAD 0.055 per share for the gross proceeds of CAD 1,499,999.985 on December 10, 2024. A finder's fee of 7% cash and 7% warrants exercisable at CAD 0.055 per share for a period of 24 months shall be paid to eligible finders that assist in introducing subscribers to the company in accordance with the policies of the Toronto Stock Exchange and applicable securities laws. The closing of the flow-through offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the exchange. There can be no assurance that the flow-through offering will be completed, whether in whole or in part. Announcement • Aug 24
Gold Mountain Mining Corp. announced that it has received CAD 6.5 million in funding from Nhwelmen Construction Ltd On August 23, 2024, Gold Mountain Mining Corp closed the transaction. Announcement • Aug 16
Gold Mountain Mining Corp. announced that it expects to receive CAD 6.5 million in funding from Nhwelmen Construction Ltd Gold Mountain Mining Corp. announced a convertible secured debenture to a choomEEnsh a Nlaka'pamux LP. for gross proceeds of CAD 6.5 million on August 15, 2024. The investor is an affiliate of the Nhwelmen Construction GP Ltd.The convertible debenture will be convertible at the investor's option into 81.25 million common shares at a conversion price of eight cents per share. The convertible debenture will mature on the date that is 10 years from the date of issuance and will accrue interest at the rate of 10% per annum, calculated monthly and payable in cash in arrears on each anniversary date from the date of issuance. Announcement • Jul 31
TSX Extends Review of Eligibility of Gold Mountain Mining Common Shares for 60 Days Toronto Stock Exchange has decided to extend its review of the eligibility of the Common Shares of Gold Mountain Mining Corp. for continued listing for a period of 60 days. Announcement • Jun 22
Gold Mountain Mining Corp. Elects Bruce Sifton as Director Gold Mountain Mining Corp. at its Annual General Meeting of shareholders held June 19, 2024, approved to elect Bruce Sifton as director. Announcement • May 08
Gold Mountain Mining Corp. Announces Board Changes Gold Mountain Mining Corp. announced that Nadine Hoehne has been appointed to its Board of Directors effective immediately. Ms. Hoehne is a graduate of the University of British Columbia, with a B.A. in Political Science and International Relations. Ms. Hoehne is a relationship builder with over 20 years experience in advancing major projects in a variety of industries including the forestry, mining, energy, and transportation sectors. Ms. Hoehne has a rare and important skill set that allows collaboration between Indigenous leadership, communities, senior levels of provincial and federal government, and industry proponents to develop relationships that not only respect Indigenous title and rights, but also find creative solutions that produce positive outcomes for Indigenous and non-Indigenous communities alike. Ms. Hoehne experience in major projects ranges from large electrical generation, transmission and distribution, major mine expansions, oil and gas development, and more recently renewable energy, including BC's first photovoltaic solar facility to be located on reclaimed tailings within Teck's HVC mine site. Ms. Hoehne is an Indigenous Title Implementation Specialist and is currently employed with the Nlaka'pamux Nation Tribal Council (NNTC) based in Lytton, BC. Ms. Hoehne will join Gold Mountain as an independent director and member of the audit committee, while also overseeing the build out of strategic planning, recovery and expansion. The company announced that Keith Minty has resigned from the Company's Board of Directors. Announcement • Apr 28
Gold Mountain Mining Corp. Appoints Hugh Behroozy to Its Board of Directors Gold Mountain Mining Corp. announced that Hugh Behroozy has been appointed to its Board of Directors effective immediately. Mr. Behroozy is an entrepreneur with experience funding and building businesses across abreadth of industries. Mr. Behroozy's background in systems integration, 3D modeling and artificial intelligence, which will support the company in further understanding the Elk project's ore-body and development of predictive modeling. Hugh will serve as an independent director and member of the company's audit committee. Announcement • Apr 13
Gold Mountain Mining Corp., Annual General Meeting, Jun 19, 2024 Gold Mountain Mining Corp., Annual General Meeting, Jun 19, 2024, at 10:00 Pacific Standard Time. Announcement • Apr 11
Gold Mountain Mining Corp. Appoints Calvin Cheung as Chief Financial Officer Gold Mountain Mining Corp. announced that Mr. Calvin Cheung has agreed to act as the Company's new Chief Financial Officer effective April 10, 2024. Mr. Cheung has over 20 years of extensive experience in financial and accounting related functions, serving in senior management roles for over 10 of those years. He is a graduate of the University of British Columbia and holds a CPA (CMA) designation. Mr. Cheung's experience includes working with mineral resource companies including Great Panther Silver Limited where he previously served as senior financial accountant. More recently Mr. Cheung has been providing financial consulting and accounting services to heavy construction and resource development focused companies. Announcement • Mar 26
Gold Mountain Mining Corp. announced that it expects to receive CAD 0.75 million in funding Gold Mountain Mining Corp. announced a non-brokered private placement to issue 100,000,000 common shares at an issue price of CAD 0.0075 for the gross proceeds of CAD 750,000 on March 25, 2024. The common shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange (“TSX”) approval. No insiders of the Company will be participating in the Private Placement. Announcement • Mar 10
Gold Mountain Receives Notice of Default & Breach of Contract Gold Mountain Mining Corp. announced that it has received notice of default from Hedge Minerals Corp. ("Hedge") after failing to make its payment obligations outlined under the Promissory Note dated September 13, 2023 ("the Note"). Hedge has demanded immediate payment of the original payment owing, six-month break fee, all additional interest, and all costs associated to legal and professional consulting regarding review and defense of legal rights under the terms of the note. Gold Mountain management is currently attempting to negotiate possible solutions to restructure the terms of the Note to resolve the current default and breach. Announcement • Jan 17
Gold Mountain Mining Corp. Announces Resignation of Stephen Wilkinson from Board of Directors Gold Mountain Mining Corp. announced the resignation of Mr. Stephen Wilkinson from the Company's Board of Directors. Announcement • Jan 11
Gold Mountain Mining Corp. Announces Resignation of Mr. Simon Buckett as Chief Financial Officer Gold Mountain Mining Corp. announced that Mr. Simon Buckett has resigned as Chief Financial Officer of the company. Reported Earnings • Dec 21
Third quarter 2024 earnings released: CA$0.037 loss per share (vs CA$0.024 loss in 3Q 2023) Third quarter 2024 results: CA$0.037 loss per share (further deteriorated from CA$0.024 loss in 3Q 2023). Revenue: CA$1.78m (down 15% from 3Q 2023). Net loss: CA$3.28m (loss widened 55% from 3Q 2023). Reported Earnings • Sep 20
Second quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.029 loss in 2Q 2023) Second quarter 2024 results: CA$0.011 loss per share (improved from CA$0.029 loss in 2Q 2023). Revenue: CA$2.20m (up 127% from 2Q 2023). Net loss: CA$977.5k (loss narrowed 62% from 2Q 2023). Announcement • Aug 12
Gold Mountain Mining Corp. Elects Stephen Wilkinson as Director Gold Mountain Mining Corp. announced that at the Annual General Meeting held on August 11, 2023, approved election of Stephen Wilkinson as Director. New Risk • Jun 17
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €9.17m (US$10.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$12m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€9.17m market cap, or US$10.0m). Announcement • May 20
Gold Mountain Mining Corp., Annual General Meeting, Jul 28, 2023 Gold Mountain Mining Corp., Annual General Meeting, Jul 28, 2023. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Independent Director Howard Jones is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Jul 18
CEO & Director recently bought €65k worth of stock On the 16th of July, Kevin Smith bought around 48k shares on-market at roughly €1.34 per share. This was the largest purchase by an insider in the last 3 months. Kevin has been a buyer over the last 12 months, purchasing a net total of €74k worth in shares. 