Announcement • Sep 09
Bathurst Metallic Corp entered into an arm’s length non-binding letter of intent to acquire Rex Resources Corp. (TSXV:OWN) in a reverse merger transaction. Bathurst Metallic Corp entered into an arm’s length non-binding letter of intent to acquire Rex Resources Corp. (TSXV:OWN) in a reverse merger transaction on September 8, 2025. Bathurst Metallic will own a majority of the outstanding common shares of the Company and the Company is expected be renamed to such name as the Company and Bathurst Metallic may determine. Upon completion of the Proposed Transaction, it is anticipated that the Resulting Issuer will be listed as a Tier 2 Mining Issuer on the Exchange. Pursuant to the terms and conditions of the LOI, the Company and Bathurst Holdings Inc. will negotiate and enter into a definitive agreement incorporating the principal terms of the Proposed Transaction as described in the LOI and this news release. There is no assurance that a Definitive Agreement will be successfully negotiated or entered into. The LOI is expected to be superseded by the Definitive Agreement to be negotiated between the parties. The Proposed Transaction will be structured as a share exchange, plan of arrangement, amalgamation or other form of business combination based on the advice of the parties’ respective advisors and taking into account various securities, tax, operating and other considerations. Announcement • Jun 25
Rex Resources Corp., Annual General Meeting, Aug 29, 2025 Rex Resources Corp., Annual General Meeting, Aug 29, 2025. Announcement • Dec 11
Rex Resources Corp. announced that it expects to receive CAD 0.1 million in funding Rex Resources Corp. announced a non-brokered private placement of up to one million flow-through common shares at a price of CAD 0.1 per FT share for gross proceeds of up to CAD 100,000 on December 11, 2024. The private placement is subject to the acceptance of the TSX Venture Exchange, and all securities issued in connection with the private placement will be subject to a hold period of four months and one day in accordance with applicable securities laws. The company may pay finders' fees in connection with the private placement. New Risk • Aug 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$165k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€740.7k market cap, or US$822.1k). New Risk • Aug 25
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$165k 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$165k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€778.4k market cap, or US$871.2k). Minor Risk Shareholders have been diluted in the past year (36% increase in shares outstanding). Announcement • Apr 26
Rex Resources Corp. announced that it has received CAD 0.2575 million in funding On April 25, 2024, Rex Resources Corp. closed the transaction. The company issued 5,150,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 257,500. The transaction included participation from certain insiders of the company for CAD 50,000. The company paid an aggregate of CAD 9,200 in cash finder’s fees to two arm’s length parties, being Canaccord Genuity Corp. as CAD 2,400 and Research Capital Corporation as CAD 6,800. New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$325k free cash flow). Share price has been highly volatile over the past 3 months (40% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€695.6k market cap, or US$762.7k). Minor Risk Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Announcement • Jun 21
Rex Resources Corp. acquired 1414447 B.C. Ltd from Broadstone Resources Inc. for approximately CAD 0.23 million. Rex Resources Corp. entered into an agreement to acquire 1414447 B.C. Ltd from Broadstone Resources Inc. for approximately CAD 0.23 million on May 18, 2023. Rex Resources Corp. will acquire 100% of the issued and outstanding securities of BCCO from Broadstone in consideration for the issuance of 1,000,000 common shares of Rex Resources Corp at a deemed price per share equal CAD 0.04875 per Payment Share and will pay to Broadstone the sum of $175,000 in cash, of which $60,000 shall be payable on the Closing Date and $115,000 shall be payable on or before the earlier of the date that is six months following the Closing Date and three business days following the date on which the Company completes an equity financing for gross proceeds of at least $400,000. Immediately following the closing of the Proposed Transaction, the Payment Shares are expected to represent approximately 6.91% of the outstanding common shares of Rex Resources Corp. BCCO holds a 100% interest in eight contiguous mineral claims totalling approximately 1,562 hectares located near Port Alberni, British Columbia, generally known as the “Rex Property”. The transaction is subject to regulatory approval. The Proposed Transaction is anticipated to close in the coming weeks.
Rex Resources Corp. completed the acquisition of 1414447 B.C. Ltd from Broadstone Resources Inc. on June 19, 2023. Board Change • Apr 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Isidro Vasquez is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Isidro Vasquez is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Isidro Vasquez is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 