Board Change • May 19
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. 1 experienced director. 4 highly experienced directors. Independent Director Kelvin Burton 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 • May 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% 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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.98m market cap, or US$1.45m). Board Change • Apr 30
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. 1 experienced director. 4 highly experienced directors. Independent Director Kelvin Burton 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. Tillkännagivande • Mar 05
Affinity Metals Corp. announced that it expects to receive CAD 0.1 million in funding Affinity Metals Corp. announced a non-brokered private placement of up to 2,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 100,000 on March 4, 2026. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.06 at any time on or before that date which is 24 months after the closing date of the offering. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws. It is anticipated that insiders of the company will participate in the offering. Board Change • Nov 05
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. 1 experienced director. 4 highly experienced directors. Independent Director Kelvin Burton 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 • Oct 30
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$532k 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$532k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.65m market cap, or US$1.18m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Tillkännagivande • Oct 14
Affinity Metals Corp., Annual General Meeting, Dec 18, 2025 Affinity Metals Corp., Annual General Meeting, Dec 18, 2025. Location: british columbia, vancouver Canada Board Change • Jul 31
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. 2 experienced directors. 3 highly experienced directors. Independent Director Kelvin Burton 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. Tillkännagivande • May 18
Affinity Metals Corp. announced that it has received CAD 0.18 million in funding On May 16, 2025, Affinity Metals Corp., closed the transaction. Certain directors and officers of the company participated in the offering and purchased an aggregate of 6,200,000 units for aggregate gross proceeds of CAD 93,000. All securities issued under the offering are subject to a hold period expiring September 17, 2025, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Tillkännagivande • May 10
Affinity Metals Corp. announced that it expects to receive CAD 0.18 million in funding Affinity Metals Corp. announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.015 per unit for the gross proceeds of CAD 180,000 on May 9, 2025. Each unit will consist of one common share of the company and one common purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.05 at any time on or before that date which is 3 years after the closing date of the Offering. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance.
It is anticipated that insiders of the company may participate in the Offering. Tillkännagivande • Oct 14
Affinity Metals Corp., Annual General Meeting, Dec 14, 2023 Affinity Metals Corp., Annual General Meeting, Dec 14, 2023. Tillkännagivande • Aug 02
Affinity Metals Submits Request to Voluntarily Delist its Common Shares from TSX Venture Exchange Effective at the Close of the Market on August 1, 2023 Affinity Metals Corp. announced that the company has received confirmation from the Canadian Securities Exchange (the ‘CSE’) that the common shares of the company are expected to commence trading on the CSE effective at market open on August 2, 2023. In connection with the listing of its common shares on the CSE, the company has submitted a request to voluntarily delist its common shares from TSX Venture Exchange (‘TSXV’). The TSXV delisting is expected to be effective at the close of the market on August 1, 2023. The company's trading symbol ‘AFF’ will remain unchanged, and shareholders will not be required to take any action in connection with the CSE listing. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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. Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.62m market cap, or US$1.21m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 22
Affinity Metals Corp., Annual General Meeting, Dec 28, 2022 Affinity Metals Corp., Annual General Meeting, Dec 28, 2022. Board Change • Oct 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kelvin Burton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 04
Affinity Metals Corp. Reports Results from the Fall Exploration Program Affinity Metals Corp. reported results from the fall exploration program conducted on the Regal Project located approximately 35 km northeast of Revelstoke, British Columbia, Canada. Exploration work consisted of 3442.5 m of diamond drilling, supported by a prospecting and mapping program. The drill program resulted in the expansion of the high grade silver vein system first drilled by Affinity in 2019 ("Silver Stoke"), and also intersected multiple mineralized horizons 320m to the southwest ("Silver Slam"): silver-gold bearing base metal veining, and a zinc rich massive sulphide horizon. These intersections show the potential for gold mineralization on the Regal property in the vicinity of the historical Allco workings. The sulphide mineralization and the structural and lithological setting shows similarities to the Rokmaster Resources Revel Ridge project located 7 km along strike to the northwest. Additionally, surface sampling returned a significant new gold-silver discovery in the northwest portion of the property. Hole RP-20-01 targeted a deep, large geophysical anomaly and was drilled to a depth of 960 m. The hole intersected a large body of graphitic argillite within the target zone that appears to have been the source of the geophysical anomaly. The hole was terminated before reaching a projected geological contact at greater depth. The hole did intersect several quartz veins that visually appear to be similar in nature to the quartz vein systems associated with the Regal/Snowflake mines located several km to the southeast, also located on the Regal property. A total of 1,680 m of drilling at Silver Stoke (Holes RP-20-02 to RP-20-13) focused on expansion of the 2019 high grade silver-zinc vein system discovery hosted within a thrust fault (RP-19-10 intercepted 11.10 m of 143.29 g/t silver including a 0.55 m interval of 2612.0 g/t silver). The 2020 drilling successfully produced similar grades in holes that were stepped out approximately 25 meters to the northeast. The 2020 drilling also provided further valuable insight as to the orientation of this system at depth. A total of 788 m of drilling at Silver Slam (RP-20-14 to RP-20-19) targeted at depth high-grade silver-zinc veins previously sampled on surface in 2019. These holes intersected the high-grade silver base metal veins, and a previously unknown strata-bound massive sulphide replacement horizon. Both mineralized features contain low grade gold. RP-20-15 and RP-20-17 intercepted an upper zone of high-grade Pb-Zn-Ag-Au veining, with RP-20-17 intercepting 0.90 m of 0.88 g/t Au, 1,468 g/t Ag, 14.76 % Pb and more than 12.30 % Zn*. Intersections of the zinc rich strata-bound massive sulphide replacement horizon averaged 1.0m in the 6 drill holes. This horizon is parallel to regional foliation and is still open in both directions along strike and at depth with drilling thus far indicating it may thicken to the northwest. Also noteworthy is a newly discovered surface showing in the northwest portion of the property which returned 5.16 g/t gold and 17.25 g/t silver. This is significant as this coincides with a historical soil geochemistry anomaly, proximal to the historical Mastodon Mine. Several drill core and grab samples exceeded assay limits and these over-limit assays are now being conducted on samples where grades of Pb were >20% and Zn were >30%. These assay results will be released in due course once obtained from the lab. Tillkännagivande • Mar 21
Affinity Metals Corp. to Provide Shareholders with an Update of its Ongoing Exploration Initiatives and General Corporate Activities Affinity Metals Corp. (‘the Company’ or ‘Affinity’) to provide shareholders with an update of the Company's ongoing exploration initiatives and general corporate activities. The Company is currently awaiting assay results related to diamond drill programs in 2020 and 2021. Assay wait times have been significantly longer this year due to COVID 19 and increased exploration activities across Canada. Assay results from the Regal Property drill program and the Carscallen Extension Project are pending and the Company expects to receive them soon. Upon receipt of the assay results, the Company's geological team will compile, verify and interpret the information as soon as possible for public release. Specific property updates are as follows: Regal Property: The Regal Property is located near Revelstoke, British Columbia within the northern end of the prolific Kootenay Arc and is south east and on trend with Rokmaster Resources' Revel Ridge project. A total of 3,442 meters over 19 holes of diamond drilling was completed on Oct. 29, 2020 and core was delivered to the lab shortly after the program was completed. Assays results are pending and are expected to be received very soon. A follow up diamond drill program is being planned and assay results will be utilized to guide additional exploration for the upcoming exploration season. Carscallen Extension Property: The Carscallen Extension Property is located near Timmons, Ontario and immediately adjoins the Carscallen Project currently being explored under a joint venture agreement between Kirkland Lake Gold Ltd. and Melkior Resources Inc. An initial drill program commenced on Nov. 19, 2020 designed to test a large zone identified by aerial acoustic geophysics on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV. Melkior has reported that the Shenkman-ZamZam zone extends for 800 meters and is open to both the northwest and southeast, as well as at depth. High grade intercepts reported by Melkior on the Carscallen include 23.5 g/t Au over 8.0 meters and 25.7 g/t Au over 6.0 meters. To date, three diamond drill holes have been completed totaling 1,850 meters. Initial test samples were sent to the lab while detailed logging of the core was ongoing. Further samples were identified during core logging and have also been sent for assay. Results are pending. Windfall North Property: Affinity Metals holds a 100% owned mineral property in Quebec, Canada that adjoins Osisko's world class Windfall Lake project claim holdings. The property resides on the Eastern portion of the prolific Abitibi Greenstone Belt. Affinity staked the North Windfall claims based on the interpreted northeast trend of the Windfall Lake Fault from the Windfall Lake gold deposit and plans to conduct geological and geophysical data compilation in order to generate drill targets in anticipation of a diamond drill program in 2021. Tillkännagivande • Nov 20
Affinity Metals Corp. Starts First Drill Program on the Carscallen Extension Property Affinity Metals Corp. announced that it has started its first drill program on the recently acquired Carscallen Extension property. The Carscallen Extension immediately adjoins the Melkior/Kirkland Lake Gold JV Carscallen Project located approximately 6 km west of Pan American Silver's West Timmins Mine and approximately 25 KM West of Timmins, Ontario. Affinity's planned drilling is on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV. Melkior has reported that the Shenkman-ZamZam zone extends for 800 meters and is open to both the northwest and southeast, as well as at depth. High grade intercepts reported by Melkior on the Carscallen include 23.5 g/t Au over 8.0 meters and 25.7 g/t Au over 6.0 meters. Tillkännagivande • Oct 20
Affinity Metals Corp. (TSXV:AFF) acquired Windfall North Property in Quebec. Affinity Metals Corp. (TSXV:AFF) acquired Windfall North Property in Quebec on October 19, 2020.
Affinity Metals Corp. (TSXV:AFF) completed the acquisition of Windfall North Property in Quebec on October 19, 2020. Tillkännagivande • Sep 26
Affinity Metals Corp. Expands Drill Program on Regal Gold and Silver Project Affinity Metals Corp. announced that it has expanded its 2020 drill program at its Regal Project encompassing 8,800 hectares of the northern end of the prolific Kootenay Arc, approximately 25 km northeast of Revelstoke, British Columbia, Canada. Along with geological mapping and associated geochemical sampling, the original 2020 drill program included up to 2,000 meters of diamond drilling. The original program has been expanded with the present amount drilled now exceeding 3,000 meters. A total of 15 holes have been completed to date in 2020 and drilling is ongoing. Tillkännagivande • Aug 18
Affinity Metals Corp. announced that it has received CAD 0.460003 million in funding On August 14, 2020, Affinity Metals Corp. (TSXV:AFF) closed the transaction. The company issued 1,022,229 flow-through units for gross proceeds of CAD 460,003.05 in the transaction. The company paid finder’s fees totaling CAD 28,000 in cash and 62,222 compensation warrants, with each warrant being exercisable for one common share at a price of CAD 0.65 for 18 months. All securities issued under this financing are subject to a four month hold period expiring December 12, 2020. Tillkännagivande • Aug 06
Affinity Metals Corp. announced that it expects to receive CAD 0.4 million in funding Affinity Metals Corp. (TSXV:AFF) announced a non-brokered private placement of 888,889 flow-through units issued at CAD 0.45 per unit for gross proceeds of CAD 400,000.05 on August 4, 2020. Each flow-through unit consists of one flow-through common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one non-flow-through common share for a period of 18 months at a price of CAD 0.65. The company may pay finders' fees comprised of cash and/or non-transferable warrants in connection with the transaction, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold in the transaction will be subject to a hold period expiring four months and one day from their date of issuance. The transaction is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. 