New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.70m). New Risk • Nov 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$1.2m 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.78m market cap, or US$4.12m). Tillkännagivande • Sep 27
First Lithium Minerals Corp. announced that it has received CAD 0.075 million in funding On September 26, 2025, First Lithium Minerals Corp closed the transaction. The company issued 937,500 flow through shares at a price of CAD 0.08 for aggregate gross proceeds of CAD 75,000. Finders' fees were paid, totaling CAD 2,450 of cash and 30,625 finders' warrants, with each finder's warrant exercisable into a common share at an exercise price of CAD 0.08 per share for 18 months. insiders of the company purchased 500,000 flow-through shares. The participation by the insider constitutes a related party transaction within the meaning of the policies of the Canadian Securities Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. All securities issued under the offering will be subject to a hold period expiring four months and one day from the date of the closing. Tillkännagivande • Sep 06
First Lithium Minerals Corp. announced that it expects to receive CAD 0.6 million in funding First Lithium Minerals Corp. announces flow-through financing to issue 7,500,000 flow-through shares at a price of CAD 0.08 per share for gross proceeds of CAD 600,000 on September 5, 2025. New Risk • Feb 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.25m market cap, or US$3.61m). New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% 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$2.3m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.47m market cap, or US$4.06m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Tillkännagivande • Jul 26
First Lithium Minerals Corp., Annual General Meeting, Aug 18, 2023 First Lithium Minerals Corp., Annual General Meeting, Aug 18, 2023, at 10:30 Eastern Daylight. Location: 77 King Street West, Suite 3000, Toronto Ontario Canada Agenda: To receive the audited consolidated financial statements of the Company for the year ended December 31, 2022, and the report of the auditors thereon; to elect the directors of the Company to hold office until the next annual meeting of shareholders; to re-appoint Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as auditor of the Company, to hold office until the next annual meeting of shareholders at a remuneration to be fixed by the board of directors; to consider and, if deemed advisable, pass, with or without variation, a resolution of shareholders approving the Company's omnibus equity incentive plan the full text of which is set out in the accompanying information circular; and to transact such other business as may properly come before the Meeting or any adjournments or postponements thereof. Tillkännagivande • Jul 06
First Lithium Minerals Corp. (CNSX:FLM) acquired 93 mining claims totalling 1,900 ha Exploration Project in Northwestern Ontario from Hudson Humic Ltd for CAD 0.37 million. First Lithium Minerals Corp. (CNSX:FLM) acquired 93 mining claims totalling 1,900 ha Exploration Project in Northwestern Ontario from Hudson Humic Ltd for CAD 0.37 million on July 5, 2023. In return for the acquisition, the Company will issue to Hudson 4,300,000 common shares and make a payment of CAD 50,000. The Common Shares will be subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable securities legislation.
First Lithium Minerals Corp. (CNSX:FLM) completed the acquisition of 93 mining claims totalling 1,900 ha Exploration Project in Northwestern Ontario from Hudson Humic Ltd on July 5, 2023. Tillkännagivande • Jan 12
First Lithium Minerals Corp. Announces the Commencement of Magneto-Telluric Geophysical Surveys on OCA Lithium Project First Lithium Minerals Corp. announced the commencement of Magneto-Telluric (MT) geophysical surveys on its 100% owned OCA lithium project (OCA Project) in the Antofagasta Region of northern Chile. SouthernRock Geophysics S.A. has been contracted to conduct the geophysics with Magneto-Telluric surveying to define the base of the highly conductive intervals identified by Transient Electromagnetic (TEM) geophysical surveying undertaken by the Company in fourth quarter 2022. MT is an electro-magnetic technique that uses naturally occurring passive telluric sources to define the sub-surface resistivity structure as a proxy for mapping geological contacts and structures to depths of up to several kilometres. The principal objective of the MT geophysical survey is to further define the distribution of highly conductive horizontal zones of less than 1.0 Ohm-meter at depths below 400m, beyond the scope of the TEM surveying, on two identified sectors at northeastern prospect areas at the salar de Ascotan (approx. 1,775 ha) and salar de Carcote (approx. 1,275 ha) including the southern prospect area of the salar de Ollague (approx. 300 ha). The proposal contemplates a total of 60 Tensor MT sites spaced 600m along 3 lines at Ascotan and a further 5 lines at the Ollague-Carcote area. Tillkännagivande • Dec 16
First Lithium Minerals Corp. Releases Results of Geophysical Surveys and Identifies Priority Targets First Lithium Minerals Corp. announced results from Transient Electromagnetic (‘TEM’) geophysical surveys undertaken at its 100% owned OCA Lithium Project in the Antofagasta Region of northern Chile. The geophysical surveys program comprised data collection of contiguous 200m coincident loop measuring vertical (Z) component dB/dt TEM along 500 to 1,000m spaced lines over selected exploration concessions at the salars of Ollague, Carcote, and Ascotan, known collectively as the OCA Lithium Project. The program was conducted from October 16th to November 23rd, 2022, by SouthernRock Geophysics S.A. The Company acquired resistivity data over a total of 267 TEM contiguously spaced stations along 28 profiles for a total of 47.8 line-km. The property-wide TEM geophysical surveys have identified multiple low resistivity zones across several prospective areas. The Company believes the discovered zones are indicative of characteristics typically exhibited by mineralized saline aquifers of hydrogeological conditions of northern Chile. The geophysical surveys indicated highly conductive horizontal zones of less than 1.0 Ohm-meter of up to 400 metres (m) in thickness, from about 100-200m beneath the surface. Specifically, two sectors, the northeastern property areas at the salar de Carcote (approx. 1,275 ha) and salar de Ascotan (approx. 1,775 ha) displayed promising geophysical characteristics with responses as low as 0.2 Ohm-meters identified as priority high conductivity targets for continuing exploration as prospective mineralized saline aquifers. The Company is evaluating follow-up geophysics with Magneto-Telluric (MT) surveying to define the base of the highly conductive interval, currently beyond the scope of the TEM data. The MT data acquisition is tentatively planned for first quarter/23, with SouthernRock Geophysics S.A. The OCA Lithium Project is comprised of approximately 9,000 ha of mineral exploration concessions located in the salars of Ollague, Carcote, and Ascotan in the Antofagasta Region of northern Chile. The prospect is located within the cordilleran sector bordering Bolivia in the eastern part of the Atacama Desert at an altitude of ~3,700 meters above sea level. The salars correspond to terminal lakes structures with surface crusts composed primarily of gypsum and halite, and sediments intermixed with dendritic material, salt compounds, and undersurface brines. Mineralization in the salars is primarily represented by chloride and sulfate brines, sands, silts, clay, and salt compounds. Significant infrastructure, including roads, highways, railway, power lines, skilled labour, and the major operating copper and industrial minerals mines are in the vicinity of the project. The results of the geophysical surveys, as well as the results from geochemical sampling and geologic mapping, will be used to delineate drill targets. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Peter Espig was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 12
First Lithium Minerals Corp. Announces the Commencement of its Exploration Program on its 100% Owned OCA Lithium Project in Chile First Lithium Minerals Corp. announced the commencement of its exploration program on its 100% owned OCA Lithium Project in Chile and that it has contracted SouthernRock Geophysics S.A. to conduct Transient Electromagnetic (TEM) and Magneto- Telluric Surveys (MT). The OCA Lithium Project is comprised of approximately 8,900 ha of mineral exploration concessions located in the salars of Ollague, Carcote, and Ascotan in the Antofagasta Region of Northern Chile within the cordilleran sector bordering Bolivia. The principal objective of the geophysical surveys is to define the distribution of the resistivity parameters with respect to depth in the prospect areas of the project in order to characterize the conductivity-thickness of the sedimentary sequence in the corresponding salar environments. The envisioned geophysical surveys consider the acquisition of contiguous 200m coincident loopdB/dt Transient Electromagnetics (TEM) along 500 to 1,000m spaced lines over selected exploration concessions at the Ollague, Carcote, and Ascotan project areas. TEM data acquisition is expected to be executed with a 200m square coincident loop with a 1 and/or 4Hz 50% duty cycle waveform. A total of approximately 303 TEM contiguously spaced stations planned along 30 profiles for a total of 60.6 line-km. Additionally, optional tensor broadband remote Magneto- Tellurics is contemplated to extend the resistivity information at depth if the defined signature by the TEM falls short of defining the base of the conductive sedimentary sequence. The resistivity data collected by the surveys is expected to provide better understanding of the prospects'lithology, sediments, and brine signatures, and greatly enhance future geological modeling. The exploration program will also include completing additional geologic mapping of the project area and surface geochemical sampling. Board Change • Oct 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Peter Espig was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
