Board Change • Jul 22
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • Jun 11
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • May 04
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • Jan 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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • Nov 25
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 30
S2 Minerals Inc., Annual General Meeting, Nov 27, 2025 S2 Minerals Inc., Annual General Meeting, Nov 27, 2025. Board Change • Aug 28
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • Aug 05
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • Jul 21
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 • Jun 25
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.83m market cap, or US$2.79m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Tillkännagivande • Jun 12
S2 Minerals Inc. announced that it has received CAD 0.596 million in funding On June 11, 2025, S2 Minerals Inc. closed the transaction. Each warrant entitles the holder, on exercise, to purchase one share until June 11, 2028, at an exercise price of CAD 0.20 per share. The securities issued pursuant to the offering will be subject to a four-month hold period. Insiders of the company subscribed for units pursuant to the offering. In connection with the closing, Patrick Sheridan entered into a subscription agreement pursuant to which he purchased 3,500,000 units for an aggregate subscription price of CAD 420,000. Prior to the closing, Sheridan had ownership and control (together with joint actors) over an aggregate of 7,848,710 shares (which represented approximately 41.4% of the then issued and outstanding Shares). Following the closing, Sheridan has ownership and control (together with joint actors) over an aggregate of 11,348,710 shares (which represents approximately 47.4% of the issued and outstanding Shares) and 3,500,000 warrants entitling him to acquire an additional 3,500,000 shares (which represents approximately 54.1% of the Shares on a partially diluted basis). Tillkännagivande • Jun 04
S2 Minerals Inc. announced that it expects to receive CAD 0.596 million in funding S2 Minerals Inc announced a non-brokered private placement to issue 4,966,666 units of the company at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 595,999.92 on June 4, 2025. Each Unit will consist of one Common Share and one Common Share Purchase Warrant. Each warrant will entitle the holder to purchase one Share for a period of three years following the closing date of the Offering at an exercise price of CAD 0.2 per share. The transaction is expected to close on or about June 11, 2025. The Securities issued pursuant to the offering will be subject to a four-month hold period. Insiders of the Company may subscribe for up to 3,916,666 Units of the Offering. Board Change • May 07
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. 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 07
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Oct 07
S2 Minerals Inc., Annual General Meeting, Nov 27, 2024 S2 Minerals Inc., Annual General Meeting, Nov 27, 2024. Board Change • Jun 03
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 Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive Chairman J. Sheridan is the most experienced director on the board, commencing their role in 2021. Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive Chairman J. Sheridan is the most experienced director on the board, commencing their role in 2021. Independent Director Harvey L. Yesno was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Oct 29
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$785k 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$785k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.03m market cap, or US$2.19m). Board Change • Oct 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Executive Chairman J. Sheridan is the most experienced director on the board, commencing their role in 2021. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Sep 26
S2 Minerals Inc., Annual General Meeting, Nov 23, 2023 S2 Minerals Inc., Annual General Meeting, Nov 23, 2023. Board Change • Sep 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Executive Chairman J. Sheridan is the most experienced director on the board, commencing their role in 2021. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 27
S2 Minerals Inc., Annual General Meeting, Nov 24, 2022 S2 Minerals Inc., Annual General Meeting, Nov 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Stephen Stow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 30
S2 Minerals Inc. announced that it has received CAD 1.44 million in funding On January 28, 2022, S2 Minerals Inc. closed the transaction. Tillkännagivande • Dec 16
S2 Minerals Inc. announced that it expects to receive CAD 1.44 million in funding S2 Minerals Inc. announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 1,440,000 on December 15, 2021. Each unit consists of one common share and one half of common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.25 per share for a period of two years from the date of closing. The transaction is subject to regulatory approval. The securities are being subject to four months hold period. The insiders of the company may subscribe for up to CAD 1,296,000 of the transaction and is expected to close in January, 2022. Board Change • Dec 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 Stephen Stow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 25
S2 Minerals Inc. Provides Update of the Sandy Lake Project S2 Minerals Inc. provided an update on the Company's Sandy Lake Greenstone Belt project, North-West Ontario. High-grade gold mineralization was first reported from Sandy Lake in the early 20th century and high- grade gold showings have been documented along the full 60km length of the lake. Drilling in the Weebigee J.V. claims has resulted in the discovery of high grade, Red Lake style, vein hosted, gold mineralization as reported from DDH 19-04; 8.0m @ 34.5 g/t Au and high grade, Musselwhite type, BIF hosted gold as reported from DDH 19-14; 0.7m @ 450 g/t Au. Prospecting and geophysical surveys over the Sandborn Bay (Weebigee J.V.) and Eastern Sandy Lake (100% S2) areas have generated discrete targets for VMS and Nickel Sulphide styles of mineralization. With the advancement of infrastructure into the region, these styles of mineralization are now economically attractive. At Eastern Sandy Lake (100% S2), Berens River Gold Mine Ltd. reported a drill intercept of 0.9m @ 26 g/t Au from the Island Prospect, from its work completed between 1938 to 1946 (Micon 43-101, 17 May 2021). Analysis of the airborne magnetic and VTEM survey (flown in 2018) over the Eastern Sandy Lake area, has generated multiple, high potential, BIF-hosted gold targets for detailed geophysical follow-up and drill targeting. This historical data referred to is from geological reports, filed with the Ministry of Mines for the last 80 years (currently MENDM). Drill sample results are prior to the implementation of National instrument 43- 101 ("NI 43-101"). The Company is of the view that the above historical data is reliable. S2 looks forward to working with the Keewaywin and Sandy Lake First Nations to continue further exploration in the Sandy Lake Greenstone Belt. 
